naked capitalism

AccruedDisinterest says:

Ass’n Fannie…you should trademark this, asap.

Move over Victoria’s Secret, Ass’n Fannie’s on your tail.

torture state says:

Re institutionalized electrical torture (“stun guns”): The US has to face the Committee Against Torture this year, just in time for elections (gee, I wonder if the press corps will be birddogging candidates on the proceedings!). Here’s what the Committee said in ’96:

“The Committee remains concerned about the extensive use by the State party’s law enforcement personnel of electro-shock devices which have caused in [sic] several deaths. The Committee is concerned that this practice raises serious issues of compatibility with article 16 of the Convention [the Convention against Torture]. (article 16) The State party should carefully review the use of electro-shock devices, strictly regulate their use, restricting it to substitution for lethal weapons and eliminate the use of these devices to restrain persons in custody, as this leads to breaches of article 16 of the Convention.”

The Convention Against Torture, supreme law of the land, prerequisite for civilization, and all levels of our state use it for toilet paper. Remind me why I have to pretend this is a democracy and vote?

fresno dan says:

Whistleblowers Expose FDA’s Illegal Surveillance of Employees Whistleblowers (hat tip reader furzy mouse)

Laws – unable to be enforced because all of the Federal managers are too venal to understand the plain meaning of words. I imagine the Cabinet officers understand the plain meaning, but don’t WANT the laws enforced…because that would destabilize the economy (shadow financial system)

Fortunately, we live in a democracy,and we will soon have an election, and when Obama takes office I am hopeful there will be change….

You say there was an election? Obama was elected!!?! THAT CAN’T BE…

Paul Tioxon says:

http://www.huffingtonpost.com/2012/02/01/house-republicans-order-j_n_1246971.html

‘Gasland’ Journalists Arrested At Hearing By Order Of House Republicans (UPDATES)

UPDATE: 12:09 p.m. — Capitol Police public information officer Seargant Kimberly Schneider provided the following statement to HuffPost on the morning’s events:

“At approximately 10:30 a.m. today, United States Capitol Police arrested Joshua Fox of Milanville, Pa. in room 2318 of the Rayburn House office building. He is charged with unlawful entry, and he is currently being processed at United States Capitol Police headquarters.”

http://www.philly.com/philly/news/special_packages/inquirer/marcellus-shale/

Ongoing coverage of the Marcellus Shale Gas Drilling and the attempts to shove natural gas down the throats of America that should be going electric.

be'emet says:

Re Bill Black’s post on Neweconomicperspectives, itself a monumental procedure manual addressed to Schneiderman.

Black reminds the total liabilities facing the TBTF banks in provable claims far exceeds their assets. Judgments potentially can wipe them out, and take down their insurers, their shareholders, and practically any person or institution worldwide involved in financial investment. Such a result I would effectively end capitalist civilization everywhere, unless an alternate money system were ready to be put in place. Conceivably, a plan – all readers of NC could describe at least one – could be implemented while the existing system crashes. But politically, the chances of success in real time might be counted on no hands. More likely, unimaginable thuggery would take control globally.

It’s hard to suppose that Obama&Co remains unaware of these dangers. So perhaps one needs to reconsider what role they may have chosen for themselves. They may believe their role has to be to protect civilization from calamity, and damn the criminality and injustice. Ultimately they may find they have to choose to prosecute banksters individually for their crimes, while safeguarding the assets of the banking system. In this sense they remain toadies for the banks, but not necessarily for their managements.

kevinearick says:

Virtual Space Time: Intro

So, VIX is signaling depression, and Corporate is at TDC (greatest profit, producing no marginal taxes, and the individual tax base has already rolled over). What goes in that chamber, through thought taxation, determines the outcome. You don’t want the spoil going back into the chamber on the margin at TDC. What is talent to labor to retained earnings to capital, at space time, aggregated?

On the derivative side, it’s a stage; on the integral side, it’s a laboratory. Why does it surprise anyone that the country is running backwards at infinite QE? They already have negative relative interest rates. Is it a change of direction to extend QE infinitely in stages? Make them explicit; see what happens. The empire burns on anxiety.

DC and Seattle are the most “educated” cities. They are also the most irrational. That’s it; build a “bunker buster” to dive deeper and deeper into the crust, and drop it on a target built for the occasion, and pay slaves to build the communication platform that controls the prison around it. Does it get any dumber than Boeing and Apple?

Anyone who has ever entered university knows it’s a political farce. The empire manages garbage. Of course it wants as much garbage as possible, so it creates a positive feedback looking glass. If you tell the empire nothing, it can only see itself. America built the best university, fed by the best k-12 groupthink feedback system, to the end of the most disposable economy in History, which was rolled out globally, consuming everything in its path. Run as it might, its originator will not escape.

Under DC architecture, memory competes against itself, losing every time, which makes perfect sense in an economic activity world, with a “free” market for select executives coming out of the university cohort, funded by slave labor and directed by trusts, with a conformance-based filter, which now begins at birth, all projecting future surpluses as the means to current deficits, including deleveraging interest on past debt. By all means, hand your children over to the State.

The problem is the solution. They run in pairs, across the looking glass. It is the direction of money you care about at TDC, the resulting backlash of implicit credit at the implicit community level. As Tip provided, all politics is local (aggregated).

Human behavior cannot be changed at the aggregate level in real time, except through distilled backlash, by changing the perception of time, what future participants pay attention to on the margin of their current event horizons. The older empires did not “die” for lack of resources. They were replaced to increase circulation.

Language is the constraint, not oil. The pundits are using their new words, not that they understand them now. The equations come later. It’s always a sh**-show.

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