Archive for June, 2018

Economic Nuremberg Trials?  The War On Economic Terrorism.  Oh, And Happy Solstice! (June 25, 2018)

Posted in Collapse, Democrats, Kleptocracy, Republicans, Rule of Law, War and Wall Street Party on June 25, 2018 by e-commentary.org

. . .

K          “The victors prosecute war crimes against the vanquished.  When he had extra ordinance after a mission, Chuck Yeager followed orders and strafed innocent German civilians on the way back to the air base.  He later commented that he counted on America winning the war so that there would be no untoward consequences.  In America today, the economic criminals are given carte blanche to commit crimes without consequence.”

J          “They are free to strafe the public.  ‘Economic Terrorism’ is the problem and the crime.  We the people are the vanquished, but if we are ever victorious we need to conduct public trials.  The Republicans are owned lock, stock and sinker by the financial interests; the Democrats are owned hook, line and barrel by the financial interests.  Neither party will ever hold those who commit economic terrorism accountable.”

K          “The ‘Economic Nuremberg Trials’ are the only answer.  The political system is too corrupt to offer recourse.  The legal system is too corrupt to offer recourse.  The only way there will be change is if the change is demanded and pursued by the populace.”

. . .

K          “Look.  Listen.  The public is restless and restive.  And may not continue to rest.  A restless friend remarked that the lights may not work in the near future, but the light posts will always work.”

J          “A co-worker says he regularly sharpens his semi-automatic pitch fork.”

K          “When the Collapse comes, there will be little public appetite to conduct something as dainty as a trial for the brigands who circumvented the rules and the laws and the rule of law in a country without the rule of law.”

. . .

J          “The grievances are percolating and festering, but too many are avoiding and opioiding.  At this time, the anger and the outrage are being directed inward not outward.”

K          “The populace is just barely getting by economically and psychologically.  God bless them, but they do not have the understanding, the fortitude, the energy or the courage to get behind the effort to combine due process and justice in a country without due process or justice.”

J          “When you get right down to it, the people are dispirited and defeated.  Nothing will be done.”

K          “Broken and broke.”

J          “But the truth and justice thing sure was a good idea while it lasted.”

. . .

[See the e-commentary at “The Residue of Unrelenting Fear:  PTSD Afflicts The Populace (August 28, 2006)”, “1000 AUSAs (February 9, 2009)”, “Close the Harvard Business School (February 23, 2009)”, “On The Digital Revolution (March 22, 2010)”, “High-Frequency Trading = Cybercrime (June 5, 2015)”, “The Court Of Truth And Justice (CTJ) (August 29, 2016)”, “Assigning Blame:  The Lawyers: 50 Percent; The Non-Lawyer Public: 50 Percent; The Judges: 100 Percent (December 3, 2012)” and “Perjury, the American Way (February 20, 2006)”.]

Bumper stickers of the week:

You show me a great fortune; I show you a great crime.

“Those who make peaceful revolution [resolution] impossible will make violent revolution inevitable.”  John F. Kennedy (Ted could have polished/improved/cadenced the statement by saying “peaceful resolution” rather than “peaceful revolution”.)

“I hold it that a little rebellion, now and then, is a good thing.”  Thomas Jefferson

We live in a country with many, many, many rules and many, many, many laws, but we do not live in a country that believes in or adheres to the rule of law.

You cannot get out of bed in the morning without violating some section of title 18 of the United States Code, the federal criminal code.  In fact, and as a matter of law, you cannot stay in bed in the morning without violating some section of title 18 of the United States Code, the federal criminal code.  In practice, the United States is a system of men not laws because men and women opt from the panoply of laws that punish all behavior and decide who is and who is not imprisoned.

There is no law.  There is only ideology.

Let’s call a truce in the war on drugs, on poverty, on women, on blacks, on browns and start a war on economic terrorism.

When the mountain calls, don’t let it go to voice mail

What Use [Are] People?  Oh, And Happy Father’s Day! (June 18, 2018)

Posted in Community, Consumerism, Kleptocracy on June 18, 2018 by e-commentary.org

. . .

K          “They function as consumers yet do not engage as citizens.”

J          “Exactly.  Someone remarked that Americans should be described as ‘consumers’ propelling an economy but not as ‘citizens’ participating in a Republic.”

K          “The kleptocracy does not desire citizens but does demand consumers who demand unreflectively the things they supply.”

J          “The kleptocracy or the kakistocracy?  What happens when they have consumed all they can afford to consume?  Are they consumed?”

K          “When they have spent all they can spend and have borrowed and borrowed and borrowed and borrowed all they can borrow, they are spent . . . and exspentable.”

J          “It is a very real question.  If they could not consume, would they be allowed to exist?  Do they exist?”

. . .

J          “They would be starved.”

K          “Aren’t 80 percent of them being starved?”

. . .

[See the e-commentary at “Is The American Consumer Irrelevant? (December 12, 2011)”, “The ‘Superfluous Consumer’ (July 27, 2015)”, “Kids As Consumer Durables (August 6, 2007)”, “Consume, Don’t Invest? (November 9, 2009)”, “Henrietta And Henry O, Two Young Lovers: The Contemporary Gift Of The Magi (December 27, 2010)”, “On Community (June 3, 2013)”, “On Roiling And Rolling Collapse (March 9, 2015)” and “The Taxonomy Of The American Economy (May 21, 2018)”.]

Bumper stickers of the week:

Fathers are people too, sort of

I consume, therefore I am

I consume, ergo sum

National People’s Radio?; National Public Radio?; National Petroleum Radio?; National Propaganda Radio? (June 11, 2018)

Posted in Boycott Series, Journalism, Neoconservatives, Newspapers, NPR, Press/Media, Radio, Technology, Television on June 11, 2018 by e-commentary.org

. . .

K          “As long as they broadcast Saint Terry Gross, I will support them.”

J          “Too often they are really just a house organ for the neo-liberals in domestic policy and the neo-conservatives in foreign policy.  National Propaganda Radio, I once broadcast.”

K          “Their message is fundamentally ‘analog journalism’ rather than ‘digital journalism’ even if the transmissions are in a digital format.”  

. . .

K          “They are caught in a sticky dilemma.  They cannot get too far ahead of the listeners or they could lose listeners.  But if they get too far behind the listeners, who will lead the listeners.”

J          “I asked an NPR fund raiser in a red state if they change their advertising strategy after they receive a donation from one listener in an effort to attract the other two listeners in the state.  Tough sell.”  

. . .

J          “Do they broadcast ‘Alternative Radio’ or ‘Counterspin’ or ‘Democracy Now’ or ‘51 percent’ on the play list?  That is the benchmark of commitment.”

K          “One option is to support programs not stations.  Contribute to stations in America that broadcast enlightened programs not necessarily to one’s local station.  And then listen to podcasts rather than the local station on your own time.”

. . .

[See the e-commentary at “The Medium Mandates The Message.  Analog v. Digital: Monopolization & Monetization. Oh, And Happy World Press Freedom Day! (May 7, 2018)”.)

Bumper stickers of the week:

The ‘narrative’ is the story

The medium mandates the message

Economics And Finance:  Girls v. Boys (June 4, 2018)

Posted in Banks and Banking System, Bernanke, Federal Reserve, Gender, Greenspan on June 4, 2018 by e-commentary.org

. . .

K          “What do Nomi Prins, Terry Gross, Yves Smith, Lynette Zang, Catherine Austin Fitts, Nicole Foss, Ellen Brown, Danielle DiMartino Booth, Brooksley Born, Sheila Bair, Janet Tavakoli, Gail Tverberg, Gretchen Morgenson, Michelle Singletary and Lionel Shriver have in common?”

J          “ . . .  How many guesses?”

K          “Who’s counting?  Take your time.  The face-off does not fall for an hour.”

J          “ . . .  They all have vowels in their names.”

K          “To a person.  Nothing gets by you.”

J          “Nothing.  No.  a.  chance.”

. . .

J          “And consonants, too.  Two consonants, too.”

. . .

K         “No ‘Québec’ in any of the names.”

. . .

K          “What do Allan Greenspan, Philip Gramm, Larry Summers, Tim Geithner, Ben Bernanke, Hank Paulsen, and Robert Rubin have in common?”

J          “They too have vowels in their names, but they never should have been allowed to get near the bowels of the body politic.”

K          “They never should have been allowed to have any proximity to the bourse, the boardroom or the blackboard.”

. . .

[See the e-commentary at “The Kids (At The Fed) Are Not Alright (January 30, 2012)”.]

Bumper stickers of the week:

Girls are alright

From available sources, Ben Bernanke made the following statements and prognostications:

July 2005:  “We’ve never had a decline in house prices on a nationwide basis.”

November 2005:  “With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.”

March 2007:  “All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.”

October 2007:  “It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions.”

January 2008:  “The U.S. economy has a strong labor force, excellent productivity and technology, and a deep and liquid financial market that is in the process of repairing itself.”

And last but definitely not least when it comes to misleading and dangerous drivel:

January 2008:  “The Federal Reserve is not currently forecasting a recession.”