Links 5/2/15

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Pet Store Secretly Replaces All The Animals With Rescues, Shoppers Fall In Love The Dodo (furzy mouse)

You don’t even have your Apple Watch yet, but these cats do The Verge (David L)

Academic Journal Tells Female Scientists: Work With a Man If You Want To Get Published Bloomberg (Chuck L)

Long-term galactic cosmic ray exposure leads to dementia-like cognitive impairments ScienceDaily. Chuck L: “Another reason I won’t sign up for the trip to Mars. Not too mention the one way ticket.”

EXPERT: We’ve pretty much completely ignored safety factors in AI research until now Business Insider (David L)

Boeing 787 Dreamliners contain a potentially catastrophic software bug ars technica (Chuck L).Lambert: “A plastic plane with a dodgy electrical system* constructed in a union-busting plant. What could go wrong? (I know it’s not plastic. I just hope it’s not the Constellation of carbon fibre.)”

25 Most and Least Polluted Cities in America EcoWatch

Gravity data show that Antarctic ice sheet is melting increasingly faster ScienceDaily (Chuck L)

The Dollar Joins the Currency Wars Nouriel Roubini, Project Syndicate

US ‘welcome’ to use China’s new islands Financial Times

Imports Are Surging From China Because China Is Breaking The International Rules Of Trade, Yet The U.S. Does Nothing Manufacturing News (Bob H)

China Energy Consumption Signals Much Slower Growth Ahead EconMatters

US sees nothing special in UK relationship Financial Times

The last days of Nick Clegg Politico

Big, bad austerity is coming to Britain – no matter who wins the election Globe and Mail


Greece braced for weekend of unrest as cash crunch nears Telegraph

Quick breakthrough at Brussels Group looks unlikely ekathimerini. As predicted.


Republican amendment fight threatens Iran bill in Senate Reuters (EM)

Iran’s Gulf rivals seek US security vow Financial Times

Trade Traitors

If TPP passes: you will see another million or three jobs offshored, permanently lost Bill Still (RR)


On Clinton’s age, Republican rivals imply — but never say — she’s old Reuters (EM)

Bernie Sanders’ Campaign Issues Truly Extraordinary Campaign Plank Alternet

‘Hobby Lobby on steroids’: House votes to overturn DC law so employers can fire women for using birth control Raw Story (furzy mouse)

Iowa Declares Emergency as Bird Flu Spreads New York Times

Anger as Hurricane Sandy victims have to pay back emergency aid with interest Telegraph

Bridgegate’ dogs Christie as indictments, guilty pleas unveiled Reuters (EM)

Police State Watch

Are We Being Psychologically Conditioned To Accept Martial Law In America? Michael Synder (Chuck L)

New York mayor refutes allegations that police adopting tougher strategy for protests Reuters. EM: “‘The strategic approach is exactly the same’ – as for Occupy Wall Street, you mean?”


Freddie Gray Didn’t Magically Kill Himself New Republic

Freddie Gray’s Death Ruled a Homicide ABC (furzy mouse)

Police charged over Baltimore death BBC

All six officers charged in Freddie Gray’s death released on bail Baltimore Sun (furzy mouse)

Black Injustice Tipping Point

Atlanta officers shoot black woman in patrol car in gunfight: police Reuters (EM)

How The Media Can Stop Embarrassing Themselves At The Hands Of Police Huffington Post

Goldman programmer found guilty of stealing bank’s high-frequency trading code Business Insider (David L)

7 years on from crisis, $150 billion in bank fines and penalties CNBC. Adrien:

Of course this is misleading as we all know that some of the “fines and settlements” were not exactly that for DOJ etc. Nonetheless, it is interesting to see that even including these “non fines”, we only get to 20% of overall profits..hardly obliterating them. (and not obliterating bonuses I might add for the top boys at least).

Also, one might note that DFS/Lawsky has aggregated more $$ than US federal agencies like the SEC and the Fed..which are supposed to protect us on a nationwide basis. And Lawsky started this good work only 4 years ago. Amazing what one can do with a small budget of US$250 million/year when one does not come from the revolving door..

Wall Street’s Thinking About Creating Derivatives on Peer-to-Peer Loans Bloomberg (Richard Smith)

George Soros May Face a Monster $6.7 Billion U.S. Tax Bill TaxProf (AB)

US jobs relapse raises fresh doubts on Fed tightening Ambrose Evans-Pritchard, Telegraph

Housing Bubble 2: Investor Purchases Hit Record, Small Investors Pile in, ‘Smart Money’ Gets Out Wolf Richter

An Even More Dismal Science Brad DeLong, Project Syndicate (David L)

Class Warfare

Workers “risk becoming serfs” in robot-age Richard Freeman

I Secretly Lived in My Office for 500 Days Alternet

A world of difference: the global challege of rising inequality Martin Wolf, Financial Times

The Lasting Pain from Vietnam Silence Ray McGovern, Consortium News (Gabriel)

Antidote du jour (Richard Smith). Not the story you probably expected looking at the image.

White Shark and Kayak

See yesterday’s Links and Antidote du Jour here.

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  1. diptherio

    Re: Atlanta Officers Shoot Black Woman in Patrol Car

    Atlanta police shot and killed a handcuffed black woman on Thursday after she fired on two officers from inside a patrol car, the city’s police department said.

    WHAT?!?!?! Hold on one f—king second here. So we’re supposed to believe that these two cops managed to get someone handcuffed (behind her back, I would imagine, as is customary) and into the back seat of their car without discovering her gun? Don’t they, like, check for those things when they’re arresting you? And how, exactly, did this handcuffed woman (remember, with hands behind her back) manage to 1) retrieve her hidden firearm and then 2) fire it at the officers (with her hands behind her back).

    Ok, the story as we have it so far is OBVIOUS Bull. I’m calling it right now. Either this is a outlier case where the world’s dumbest police officers met the worlds most cunning and reckless criminal–one who can secret a fire arm on her person despite being arrested and (one assumes) patted-down. But let’s assume this actually happened (it didn’t). Don’t you think the first response of the officers would have been to bail-the-f— out of the car when she started firing (she didn’t, but just for the sake of discussion) rather than turn around and return fire from point-blank range?

    Seeing as how the officers in this case are black, I’d guess they have a better than 50% chance of having to stand trial for this.

    Anyone else hate our country right now?

    1. Manny Goldstein

      The story in the Atlanta Journal Constitution (behind paywall = no link) is that the woman managed to free her hands from the handcuffs and pulled a pistol that the arresting officers were not aware that she had and fired 3 shots at the officers riding in the front of the vehicle. Police officials further report that the officers are lucky to be alive and that the woman had a long history of arrests.

      1. diptherio

        So these two keystone cops don’t know how to 1) put hand-cuffs on correctly, or 2) perform a proper search for concealed weapons…still skeptical. And the fact that she has been arrested before means ZERO to me, given what we know about how the laws are enforced in this country. Forgive me if my immediate response is to side with the dead person, and not the cops…

      2. Ned Ludd

        Frank Serpico, a former New York City police detective, warned back in April about “testi-lying”.

        It has been a regular practice in police forces across the United States, at least since I served on the NYPD: official testimony that is made part of a police after-action report but is a pure lie, an invention. In the old days police would carry a “drop gun” or a “drop knife”—an inexpensive weapon cops would bring along on patrol to drop onto or next to a suspect they had taken out so they could say he had threatened them.

      3. Jess

        Once had an ex-girlfriend who got arrested but her wrists and hands were so small that she easily slipped out of the cuffs right there in front of the officers. Hadda go to the zip-cuffs.

        1. cwaltz

          You’d think that if this woman was as bad as a “long history of arrests” would suggest that they would have patted her down sufficiently. I tend to agree with diptherio, the story sounds a little fishy.

    2. optimader

      Anyone else hate our country right now?
      me? No, I’d move if I did. A lot of nice places to live in this world.

        1. cwaltz

          Immigration isn’t magic? You can’t just click your heels and declare there’s no place like Costa Rica? There goes my retirement plan.
          (tongue firmly in cheek because I agree it is smarmy to suggest that if you disagree with decisions and behaviors that go on in your country that it’s as simple as relocating somewhere else.)

          1. optimader

            As far as relocation goes, sure there in a wide distribution of what is possible for any one’s particular circumstance.
            OTOH (US) Americans congenitally do not travel internationally consequently I disqualify many peoples notion of how difficult it is. Bottom line, if I am at a threshold of Hate directed toward the place I live I’ll move, its really as simple as that. My comment was more specifically directed toward diptherio who apparently is well traveled and unencumbered.
            I am quite serious, someone fluent in English and another language that has a reasonable skillset can move on, see the world drop anchor someplace else.

            1. cwaltz

              It’s not anywhere as near as simple as that. The reality is to relocate takes money. If it’s an international move it requires a visa. Visas to MOVE(not travel) quite often require you to have a job. I don’t know if you’ve noticed this but since the crash there hasn’t been an overabundance of those.

              1. optimader

                The reality is to relocate takes money.

                If one is retired or unskilled. More relevant is a skill. If one is motivated because they hate a Country, securing an expat job, securing a work visa through the employing entity, moving then then starting the process for applying for permanent residence. It is very doable.
                Don’t tell me it isn’t possible, I know it is. I know many long term expats, at least a half dozen people that have become permanent residence elsewhere, for reasons other than hatred and one that that became a Canadian citizen (long process) after living working there for ~5years.
                So yeah, there is a long list of exceptions why someone cant relocate, but the exception is not the rule particularly for a young unencumbered person.

        2. optimader

          Thank you sir! (that’s smarm)
          With that sorted, time for you to move on to the next word: hate
          Do you hate the US Chris?

          1. cwaltz

            “The US” is an inanimate object located in North America. I don’t have overwhelming feelings on it one way or the other. As far as the people located in it, they are a mixed bag. I certainly know that I’m not a big fan of people who are bigots, misogynists or condescending jerks who oversimplify issues. Would I go so far as to say I “hate” them? Probably depends. Hope I made that as clear as mud for you.

            1. optimader

              Actually my response was directed to Chis who likes the word smarm.

              Frankly I agree with the sensibilities you express, pretty succinct in fact, as well the ones I stated previously.
              Hate is a special word, applied to a physical location or an entire population it looses relevance/legitimate application IMO. A poor choice of word perhaps, but a thematic sentiment I don’t agree with in general.

  2. Ned Ludd

    The Real Causes of World War Ⅱ – Michael Parenti (mp3, from 30:00).

    The Soviet Union made repeated overtures to Great Britain, and France, and Poland, and Czechoslovakia for a joint military pact, security pact against Hitler. That if he attacked any one of them, he would be attacked by all of them. But the British and French refused to join such a pact. […]

    Chamberlain failed to respond to all overtures from the anti-Nazi Germans, even high-placed ones who commanded divisions of troops. Even conservative ones… They actively encouraged Hitler’s policy. On Czechoslovakia, Chamberlain himself threatened Czechoslovakia, if the Czechs failed to accept Munich. […]

    Chamberlain saw Hitler and Nazism as a bulwark against communism in Germany, and he saw Nazi Germany as a bulwark against communism in Europe.

    A followup to Thursday’s discussion about “NYT Propagandizes False Ukrainian History”.

    1. Disturbed Voter

      Wow … someone who is outside the Matrix, tells the truth about Munich? Yes, history is propaganda written by victors, who win because they are more effectively violent than the losers. Next you will tell us that the Britons recklessly bombed German civilian targets, and the Americans helped.

      John Mosier writes revisionist history that reveals the ugly truth about WW I and WW II. Allied histories of those conflicts are almost complete fabrications, because most historians write from the Allied propaganda put out during wartime. I am impressed by this author.

      1. Ned Ludd

        I highly recommend Democracy for the Few.

        One of the most egregious instances of corporate malfeasance involved DuPont, Ford, GM, ITT, Boeing, and other companies whose factories in Germany produced tanks, planes, and synthetic fuels used by the Nazi military to kill American troops during World War Ⅱ. After the war, rather than being prosecuted for aiding the enemy, ITT collected $27 million, and General Motors over $33 million, from the U.S. government for damages inflicted on their German plants by Allied bombings. At least fifty U.S. corporations operated in Germany in 1941–1945, while the Nazis were at war with the United States. Faced with class action law suits in 1999–2000, growing numbers of corporations admitted having greatly profited from unpaid slave labor supplied from Nazi concentration camps.

        – From Chapter 9: “Unequal before the Law”, on pages 100–101 in the ninth edition.

    2. Calgacus

      Hardly too novel or revisionistic.
      The not-obscure guy who (accurately) said that “History will be kind to me, for I intend to write it myself” – and also that “If Hitler invaded hell I would make at least a favorable reference to the devil in the House of Commons” on a new chum, described those pre-war overtures and criticized the lack of response in that bestselling multivolume kind-to-himself, but maybe not to Chamberlain, history.

  3. diptherio

    With our temperature inversion and forest fires every summer, I knew our air-quality in Missoula wasn’t the greatest, but the 11th most polluted air in the country…ugh…at least i’m not in Cali, I guess…

    1. MyLessThanPrimeBeef

      At the end, it’s little comfort for this poster who lives in the 5th most polluted metro area in the nation, as Global Warming is not discriminatory.

      On the other hand, we need Man-Made Global Heart Warming.

      “A little compassion goes a long way.”

      “Sharing equally all new fiat money with everyone, anyone?”

  4. MikeNY

    Re: P2P loans and derivatives.

    Wall Street’s motto is, “If it’s worth doing, it’s worth over-doing.” Very probably, this novelty product will be completely overdone (as yield-starved investors forage desperately for spread), securitized to the enrichment of GS, MS et al, and then will sour spectacularly in the stomachs of stupid, late-entry investors. Layers of derivatives will cause a case of financial dysentery. Hilarity ensues!

  5. Disturbed Voter

    Boeing Nightmareliner? People don’t realize because they don’t want to know. Any complicated piece of software, is intractably hard to test fully (test all conditions). There is a whole science today that deals with “real time” software that controls machines. But it is an always inexact science, and can’t itself deal with hardware induced errors, just errors of software design. That is why I am going to park my car and walk as much as I can, off the street … when autonomous cars become common. Several names come to mind … Audi, Toyota … these errors … in software or computer hardware … have already taken lives.

    1. subgenius

      Even better will be watching how they handle the insurance issue…

      Currently I have to carry insurance to operate my defiantly non-techo chariot, but who nis respo.sible/eeds the coverage for automated basically autonomous vehicles?

      And what will happen when the deaths start?

      Not that I really think this tech will really achieve much – Limits to growth, and all.

    2. Brooklin Bridge

      Completely agree, but still, compilers have issued warnings about integer overflow for years and years and developers who get those warnings tend to consider the consequences surrounding the instance. In this case, besides the developer, I would have expected QA software, which has gotten awfully sophisticated about data type conflicts, to catch the potential error. Of course i don’t know the circumstances, but it does seem a bit odd. Things do slip through the cracks, however, and your point about the difficulty of testing all input combinations is valid. It’s a particular nightmare when you consider that data in a database can go “untouched” for years and then suddenly pop up in real time usage with completely untested and unforeseen data combinations.

    3. optimader

      Boeing 787 Dreamliners contain a potentially catastrophic software bug ars technica (Chuck L).Lambert: “A plastic plane with a dodgy electrical system* constructed in a union-busting plant. What could go wrong? (I know it’s not plastic. I just hope it’s not the Constellation of carbon fibre.)”

      The Connie was a great plane, state of the art in it’s day. Still holds an aviation record or two.
      As for the 787 hugely new technology, the observation about a software bug is probably plural a not singular inevitability.
      The notion that it was “constructed in a union busting plant” is simplistic.

      1. Jess

        I think Yves might have mistaken the Constellation for the Comet, the first jet airliner, which suffered fatal in-flight metal fatigue failures around the sharp corners of its windows. (Which is why airliners since then have had rounded window openings.)

        1. optimader

          That could be the case.
          The Comet was actually a very good plane after that issue was sorted, but the sleuthing took too long to figure out and was ultimately a fatal head wound to british commercial aircraft manufacturing. Ironically, they had the commercial jet mfg industry locked up until the Comet failures started occurring.
          A funny thread about one that was flew into O’Hare and was grounded for other airworthiness issues Funny story.

      2. Lambert Strether

        What’s “simplistic”? Boeing management wants to bust its unions in Seattle, “right to free-ride” South Carolina offers an incentives package, they move. If there’s more to the story, by all means let’s hear it.

        1. lordkoos

          And they made sure to move their corporate HQ to Chicago so they wouldn’t have to face the heat in Seattle, a long time pro-labor stronghold.

        2. Propertius

          It’s “simplistic” because every major structural component of the plane was subcontracted, nearly 1/3 to offshore vendors. Saying the plane was “constructed” in South Carolina isn’t correct, unless you think “final assembly” and “construction” are synonymous. The real situation is much worse than that statement implies.

          1. optimader

            I was going to offer that aspect up but why get in a pissing match.

            The higher level issue IMO is the present Boeing management turning the 787 into a lego set which in and of itself isn’t completely bad if the actual “construction” was domestically distributed , but it isn’t. They have given technology, and great jobs away, ex US (as well the keys to the realm wing design/construction –incredibly bad move).
            As far as “union busting”, unfortunately the IAM 751 is every bit as FUBAR as Boeing management, with a rich racist heritage.
            Referring to the 787 as a plastic plane in an attempt at derision is not particularly accurate or relevant.
            A corporate location in Chicago vs Seattle makes sense if you look at a map.

  6. jack

    I hold you in high esteem Yves, but you really need to edit your links better. I went to one of them and it’s just a irrationalist, consipiracy, evil evil evil site of the worst kind. I could feel myself being sucked into the conspiracy black hole. I agree with you on TPP and most everything else but puhleease no more of this clap trap : “Are We Being Psychologically Conditioned To Accept Martial Law In America?” at End of the American I won’t leave a link because I would hate some reasonable person to go to the site and end up killing someone thinking they were Satan.

    1. Yves Smith Post author

      It was referred by Chuck L who has provided consistent high quality links over time. I also hate to point out, but all the stuff that Alex Jones has been running about a plan to implement “world government” which also seemed crazypants and irrational now looks to have been prescient in light of the TPP, TTIP, and TISA. I’m not saying that link is not over the top, but things are moving in a worse direction than most people imagine.

      1. ambrit

        Agreed on the Alex Jones front. I remember falling in with a conspiracy crowd back in the middle seventies when I first moved to New Orleans. They were obsessing about the Trilateral Commission and the Rockefellers. I met people who had been on the fringe of the Clay Shaw crowd. That was a wild bunch. Knowing what we do now, paranoia seems to be a reasonable attitude.
        On another front, Chuck L is one of the better aggregators. Even his misses are interesting. I classify this suggestion of his as “a hit, a very palpable hit.”

        1. ex-PFC Chuck

          ex-PFC Chuck (aka Chuck L) here, looking down at his shuffling feet in modesty at the compliments.

          Regarding your mention of the Clay crowd in New Orleans, I just yesterday finished reading revised, 2012 edition of James DeEugenio’s Destiny Betrayed: JFK, Cuba and the Garisson Case. A major theme of the book is what did independent investigators know about the JFK assassination and when did they know it over the course of the four periods in which government entities were investigating it. In all but one of the cases, the word “investigation” should include the quotes when applied. Perhaps the most significant take-away is that Garrison came tantalizingly close to breaking the thing wide open. And another one, just as meaningful, is the thousands of man hours and millions of dollars the government had to have spent struggling to keep the lid on the pot. Or plot.
          A week to the day after the killing I was inducted into the bubble of two years of Army service. By the time I got out the release of the Warren Report was a year in the past, the controversies were well off the front pages and I was getting on with my life and career. I didn’t read anything of any depth about the assassination until I was semi-retired over 40 years later when I saw a review by someone I respected (don’t recall now who) of James Douglass’s JFK and the Unspeakable: Why He Died and Why It Matters. This is still regarded as one of the best treatments of the overall situation and my reaction upon reading it was, “Holy shit! I had no idea.” The American political assassinations of the mid-20th century have been a major topic of my reading ever since.
          In this regard, I am converging on the hypothesis that if there are still historians around several hundred years from now, the John Kennedy killing will be viewed as just as pivotal a turning point as were the two world wars, and likely even more so when considering its effect on the country itself. Unlike just about everyone else on the world stage at the time, with the possible exception of Charles deGaulle, Kennedy realized that colonialism had reached its sell-by date. He was preceded in this by Franklin Roosevelt, but with a difference. FDR wanted the US to replace British control, but indirectly through the soft power of American commercial ownership and credit. Kennedy, I believe, saw that America’s long term interest would best be served by allowing the formerly colonized countries to develop themselves as their own people saw fit, even if the paths they chose may not have been ideal from our standpoint. Kennedy was moving American policy in this direction in places on a broad front, and he was opposed by much of the foreign policy establishment, especially the defense and intelligence communities. As DeEugenio points out near the end of the book, all this was reversed as soon as Johnson took office. I suggest that the Deep State was deeply empowered by the fact that they were able to successfully pull of the assassination of a president, and as the policies they promote have become more and more aggressively radical over the years, we are now nearing the end game as we approach the wall.

      2. diptherio

        speaking of…

        “[I]f they showed their hand now and went totalitarian all the way, there would be a revolution. Middle-roaders would rise up with right-wingers, and left-libertartians…But they can rule by fraud, and by fraud eventually acquire access to the tools they need to finish the job of killing off the Constitution.”

        “What sort of tools?”

        “More stringent security measures. Universal electronic surveillance. No-knock laws. Stop and frisk laws. Government inspection of first-class mail. Automatic fingerprinting, photographing, blood tests, and urinalysis of any person arrested before he is charged with a crime. A law making it unlawful to resist even unlawful arrest. Laws establishing detention camps for potential subversives. Gun control laws. Restrictions on travel. The assassinations, you see, establish the need for such laws in the public mind. Instead of realizing that there is a conspiracy, conducted by a handful of men, the people reason–or are manipulated into reasoning–that the entire populace must have its freedom restricted in order to protect the leaders. The people agree that they can’t be trusted…

        …Everything is infiltrated. At present rate, within the next few years [they] will have the American people under tighter surveillance than Hitler had the Germans. And the beauty of it is, the majority of the Americans will have been so frightened by Illuminati-backed terrorist incidents that they will beg to be controlled as a masochist begs for the whip.”

        So, replace “Illuminati” with “elites” or “the PTB” and “assassinations” with “terrorist attacks” and tell me that’s not spooky (from The Eye in the Pryamid by Robert Shea and Robert Anton Wilson, 1975.)

        1. alex morfesis

          its illium- inati…everyone misspells it…
          as in illium, roman senate, troy…Ithaki, Odysseys and the argonauts…kyffhauser…barbarossa….
          the beat goes on…
          but as always, the klowns of illium are failing…it must be some type of genetic gene mutation…no matter how close they get to the prize…two million sunsets later, they are still failing…and they will continue to fail…even when they seem to succeed.

          i.e. in doing some legal support work for some lawyers, I have come across what one might call the deep state…

          (caveat- although not perfect, I love the fed and the irs and my families accountants name was stephen wiess, for those who might try to confuse my being a critic with being a hater)

          200 people/creditors put their money with an enterprise in florida which grew too fast and blew past its financial disclosure requirements (maybe) within a year by growing from under a million dollars to over 15 million. Principals were aware the local small lawyers were in over their heads and hired tall building law firm to handle fuller disclosures and rescission offers. They were doing an arbitrage play. Since the IRS Revenue ruling 2008-39 (July 3, 2008) killed off the US liquidity that came from tax deferral musical chairs, being the straw that gave us the “great recession/conversion”, among other things that have happened, the easy financing for medical practitioners went “poof”, gone, arivaderche !!!

          In accident cases, claims and lawsuits, a medical provider will wait to get paid on their bills when a lawyer is involved, and the medical provider is comfortable there is a reasonable opportunity for an insurance company to pay the medical bills from the accident. To protect themselves, they usually get what is commonly known as a :”letter of protection”, obtaining an assurance from the lawyer and the patient, they will not settle the claim without making sure the medical provider is paid first, and in effect, assign their rights to the medical provider as a security protection, almost like a mortgage against the lawsuit/case claim rights of the patient.

          When the money was flowing, waiting to get paid was no big deal. But in many states, Insurance companies decided to take the position, that in spite of their legal mandates to pay claims, they were going to squeeze people and hope the financial great recession/conversion would allow them to pocket victories they had no moral right to, by “holding out”. This created a massive cash flow squeeze on medical providers who ended up with only hyper garbage dumpster offers of ten cents on the dollar (some of these salvage offer companies may have been funded by money from these same insurance companies…still working on that)

          This florida entity decided to test the waters and do an arbitrage play. Instead of selling for 10 cents on the dollar, they would offer 25 to 35 cents on the dollar and wait out the 18 months to 3 years it might take to settle the matters with the insurance companies. They figured they could accrue an interest payment regimen at about 6 to 8 percent and settle at between 65% to 90% and ride out the capital strike for a few years until the economy adjusted and the lenders turned the lending faucet back on.

          Tall building law firms are moving along on paperwork…Florida firm eventually acquires 3500 claims/letter of protection…but one of the larger conduit providers, a chiropractor and his firms, has “some friends” and, you know, kinda wolf ah wahhl strreetz kinda lawhng eye-lant type lawyers and such, you know…and day gotz diss great ideaz to like go publix with this here kinda special back operationz technix, you know what i’m tawking about…pass the gobbagoul…

          so the principal of the firm goes into a bit of a whirling dirvish scenario…

          uhmm…if he is doing so well with the chiro biz, dock, why this new thing…so he plays along to see where they are going…and finally in october of 2013, the lawgn eye-lant wolf ah wahllstreetz types realize they aint gettin their hands on the 6 million dollars still sitting in the bank from creditor/investors and start gettinz a bit loudz about it….

          I taught we wuz friendz…you kantz do diz to us…you dontz knowz who youz be dealing witt here budd…

          mysteriously at the same time, some guy who does marketing for the used car industry gets the tampa police to file a lawsuit “under seal” claiming that the principal of the florida Letter of protection acquisition company had committed a 50K dollar fraud against him three years earlier, in 2010, but he had not bothered to file his actual complaint till almost a year later in 2011 (yeah, you knowz, cauz, it not easy to notice 50 grand is missing)…until a few weeks ago, no one knew anything about this mystery tampa guy having claimed anything about a 50 grand fraud in 2010, and certainly no one doing anything about any 2013 lawsuit filed under seal, which in Tampa means it is not even on the docket system…someone goes to the Tampa police the last week in march and around noon time on March 31, 2015 I get a few pages of what they are “willing” to release. mind you, there is no active nothing going on with the state at that moment with the enterprise, so why is some 50K claim under seal ? my screaming at the people I know at the clerks office on the 31st (ok, maybe I didnt scream, but was a bit aggressive) got me to “figure out” what the case number was since they could not tell me, but we played games with the database on that date, so I asked them to give me the case info on the next filed case, and the before ones, so I figured out a case number, but they could not see the docket either…please remember the date March 31, 2015…

          I contacted the principal after doing some research on the mystery claimant…all he could figure out was that on fridays (the purported event occurred “overnite” on a sat to sunday) he and his girlfriend would swing by for take out on the way home as a regular routine at a restaurant across the street from this claimants home, where the report suggests the “event” occurred.

          The middle of october is important. In early march 2013, the State of Florida petitioned to have the assets of the Florida enterprise put under the control of a receiver…claiming improper financial disclosures to investors and possible “PONZI” situation…

          It is done, ex-parte, and in many ways this case has been almost turned into one of thse local police “civil seizures” where you have to prove that you are innocent, except in this case, there are hardly any hard facts in the case pleadings…yes on paper, the state says a lot of things but in the 100 pages of “attachments”, those attachments don’t match the pleadings. And the dates and this receiver are important. When the state “swoops in”, there are 3500 claims that had been purchased with a face value of almost 20 million dollars and about 6 million in the bank, plus short term recievables of about 1.5 million dollars…no sports cars, nor dancing girls, no yachts, and money in the bank, not your typical stacy keach story…

          So, back to the bent nose lawng eye lant types…so, magically, when they are told to get lost, the mystery tampa lawsuit, under seal, is filed but not served. In Florida, if you don’t serve in 120 days, the case is to be dropped, but not this tampa case…although buried deep in the Tampa Sheriff Department database of outstanding warrants, if you know how to exactly spell the name, you can find it, it does not show up in the Florida of Law Enforcement database, and this person named, lives in an area where he goes hunting, and nowhere did this “mystery” arrest warrant or case show up when he got, for the first time, a weapons/hunting license. Also, it turns out during deposition of the “investigators” for the state of Florida, at the same time, the “investigation” cranked up. This came out in the depos because the state refused to provide notes to their investigation, claiming they “might” be used for a federal case in some mystery “federal grand jury” thing they have used to scare away a dozen florida lawyers from handling this matter…no such Grand Jury has been put together that anyone knows of…

          so, we have a bunch of thing happening within days of themselves when the principal tells these “woofz ah wahlstreet” types forget it…

          As tensions rise with this Chiro and his clinics, the Florida firm closes the door and says, uhmmm…what about that piece of equipment sitting in your office that should not be there with our name on it…Tall Building law firm is near completion of cleaned up paperwork. Chiro tells florida firm he’s gonna fix them. His firms file bankruptcy on the day a moving company was coming by to take back a piece of medical equipment. In the filing, the Chiro says, “ahha”…”broo-hahahahaha”, I tricked you, and thanks for the cash and those letters of protections, forget it, I am saying those are still mine and I win, you lose…seeyah @#$kers…

          Problem, says tall building law firm…can’t send out disclosure documents when someone is claiming 1/4 of your claims are not yours…we will have to fight it out in bk court, and then we can send out dox…no problem…file adverse proceeding…win ruling…chiro loses…but chiro screams out…I aint done yet…florida firm laughs it off…lets just move on…father of the other principal had along the way foolishly said, hey it can’t be a bad idea to hire the chiro’s former employee to work at the firm…father is a loud mouth bully type, son, studious but shy…does not resist too much(probably a mistake as it is now suspected this former Chiro worker knew the corrective filings were coming and told someone to hurry up)…florida firms tall building law firm sends final draft on Feb 24, 2014 for florida firm to review, prep and send out, now that chiro lunatic is beaten in BK case…

          On Feb 25, state of florida signs paperwork with RECEIVER to step in once the pleadings are ready…mind you, at no time had the state even picked up the phone and said, hey we think there is a problem here….bring your lawyers…nope…cover of darkness…or as a reasonable person might say, just slap something together and hurry up before they fix their disclosure problem by sending out the new expanded disclosures…

          but now for the fun deep state stuff…

          this RECEIVER has spent a lifetime coming up with his wonderful legend. He is the GO TO guy for FCPA stuff, a man of integrity, a man “no one” can question…why his grandfather was in the new york office of the FBI and was in the papers, working from 1938-1945 (until he left and started working for that little thing most people call operation papersnyp, and you know, a former FBI agent with a law degree will always end up doing…cough cough…industrial relations work…and coordinate with other former agents to help Jedgyr do his communists everywhere and gay people too thing during the mccarthy era), and you know his father was the number 2 man at the new york fbi in the late 1960’s (pro tyl coin and oh dear…our fearless RECEIVER was working as a “deckhand” on vessels up and down the east coast during his college days, because the number 2 guy at the new york FBI would not have to worry about any mobsters taking advantage of the fact his son was on a vessel on the east coast…no mafia in the shipping biz in the 60’s and 70’s in new york…nah…) But wait there’s more…

          Your remember BCCI…and mr Iraq, saddamit whose sane. And that little atlanta office of that Italian bank…you know the one, the one with Senator Henry Gonzalez doing the investigations on, yeah…BNL…

          So who do you think is the lawyer/partner of the RECEIVER who is handling this case ? son of BNL office manager in New York office that signed off on everything…don’t worry, son of BNL married well, and is married to the daughter of a former partner at a REALLY BIG Tall building law firm…(so maybe daddy helped out during senate investigation with testimony and this is the prize)…

          This is getting very long winded so I will get to the point of this blurb…

          the point is to not be afraid of the PTB, or whatever you want to call it…things will happen which are going to be designed to try to scare you but I am much more likely to be run into a utility pole by some granny trying to get to her favorite seat at the bingo parlor then to get “tooken out and ax ee dentyd” by some “black hand”…not that they don’t try to scare people into submission…

          unless you are able to connect with a few thousand people and are eloquent enough to move those people to take some form of calm action…you are not going to annoy the right people…but the right people always have to hand off their dirty work to someone, and it always leaves fingerprints…

          remember where I mentioned earlier about that March 31 noise I made with the mystery tampa lawsuit against one of the two principals of the florida firm…well, there had been no mention of this mystery case, except during the taking of the depos of the investigatiors, and the attorney for the state and receiver trying to scare off the lawyers defending the parties by saying…

          you don’t know…its really bad…

          well, finally someone got those limited documents to me on march 31 around noon…and in less than 7 hours after I made that noise to start putting 4 and 4 together…

          someone with the same name as the principal in this florida case gets this done to him in tampa

          so…mathematically, I would have to think someone was trying to do one final really big scare…but…even if they were…people who try to scare you are being weak…and have much less power than they would want you to believe…yes, someone may have hit a button on the computer screen and set a sequence of events into action…

          but I truly worry more about the grannies who finally learn to drive on US 19 in palm harbor, then some team of drivers trying to bounce me into rush hour traffic…

          as a society we have come a long way in the last 50 plus years. Before miranda police did as they pleased much worse than today. people were dumped into psyche wards at will (creedmoor 1984)…

          let us not confuse a spring shower with a hurricane. Before color TV, there were two (remember abc was NBC) places to get video images of news, and AP/UPI for local sources. Now we can get 20 channels of kardasianistani entertainment anywhere anytime…

          If the events of March 31 were designed to scare anyone off, they had the opposite effect…it is a sign of weakness and desperation from the klownz of illium. As the husband of Eleanor once said…

          the only thing we have to fear…

    2. Katniss Everdeen

      Why don’t you try taking issue with the facts as presented in the link, Jack?

      Hyperbolic characterizations such as “irrationalist,” “conspiracy” and “evil” (not once but THREE TIMES–must be REALLY evil) are classic distractions when facts on the ground can’t be disputed or need to be obscured.

      Please reconcile the omnipresent militarized forces with the bucolic paradise of the current american experience against which so many seem to “conspiring.”

    3. Brindle

      I like how NC knows most of its readers are able to use their critical thinking function and are quite able to read articles from a broad spectrum. Certainly some of the “Martial Law” piece was over the top but there was also some interesting information on National Guard training exercises that you probably would not find in The Nation or NYT.

      1. Lambert Strether

        I thought the video at the end was a bit sketchy; on questions of fact, I never trust a video unless I’m certain of the provenance, and that goes two times, ten times, for current events, as a consequence of the general principle that “Internet evidence is not evidence” because it’s too easy to fake.

        That said, it was clear in Ferguson at the time that the riot was at the very least allowed to happen; the inexplicable delay of the grand jury announcement until after nightfall; the presentation and nature of the announcement itself; the National Guard being pulled away from Florissant. So to see reasonable evidence of the same play being made in Baltimore ought to make anybody’s Spidey Sense perk up.

        And then, of course, there’s the appalling CNN coverage.

    4. Ned Ludd

      A Return to Conspiracy and Its Theories

      The explanation for conspiracy theorists, for quite a long time, was that they were simply mentally ill. Psychology now favors a different explanation: conspiracism arises from ‘political cynicism,’ which is to say, extreme doubt in the veracity of claims made by society’s ruling institutions. […]

      Take a look this article by Will Saletan of Slate. He explains that consensus among psychologists is that ‘conspiracist ideas are predicted by an alienation from mainstream politics and a questioning of received truths.’ […]

      David Brooks pulled the same trick over at The New York Times, house organ of the ruling class, when he called the worldview of Noam Chomsky a collection of conspiracy theories. […]

      [T]he task of the critic of society is not to eschew conspiracy theory, but to improve it, making the best use of the available facts to reach reasonable conclusions.

      1. LifelongLib

        Ruling classes generally rule through overt laws and institutions, hiding in plain sight. Conspiracy theories distract attention from that. If anything they’re not cynical enough.

        1. LifelongLib

          I do concede that this is complicated by the fact that overt institutions often have covert elements — embassies employ spies, police agencies provocateurs. But the basic structures of power are pretty much out in the open.

          1. cwaltz

            I don’t think that’s the case here. Our health care policy was written behind closed doors by health care lobbyists. Our energy policy was written behind closed doors by energy lobbyists. Our trade policy is being discussed behind closed doors with 600 multinational companies lobbying arms being allowed to weigh in on it. It appears to me that we’ve got hidden power structures with the veneer of the “power structures” being out in the open.

            1. LifelongLib

              If people like you and me can find that out, it isn’t hidden in the sense that conspiracy theorists claim. Often not reported on but the information is in the public record.

              1. cwaltz

                Having a public record that you were sold out after the fact really isn’t overly helpful. We didn’t find out about health care until after the fact and the only reason we know anything about trade is because other countries are leaking details.

    5. hunkerdown

      Husting (2007), abstract:

      In a culture of fear, we should expect the rise of new mechanisms of social control to deflect distrust, anxiety, and threat. Relying on the anal- ysis of popular and academic texts, we examine one such mechanism, the label conspiracy theory, and explore how it works in public discourse to “go meta” by sidestepping the examination of evidence. Our findings suggest that authors use the conspiracy theorist label as (1) a routinized strategy of exclusion; (2) a reframing mechanism that deflects questions or concerns about power, corruption, and motive; and (3) an attack upon the personhood and competence of the questioner. This label becomes dangerous machinery at the transpersonal levels of media and academic discourse, symbolically stripping the claimant of the status of reasonable interlocutor—often to avoid the need to account for one’s own action or speech. We argue that this and similar mechanisms simultaneously control the flow of information and symbolically demobilize certain voices and issues in public discourse.

      Exactly what are you selling, jack?

    6. CB

      americans behave as emotional primitives when they feel threatened, and this phenomenon is certainly not new. The toll at Kent State was actually low, as these things go. We don’t need conditioning to accept brutality in the cause of what we see as the right order of things.

  7. rich

    Stanford stem cell experts highlight “inherent flaw” in drug development system

    “There’s an inherent flaw in our system,” said Irving Weissman, MD, director of the Stanford Institute for Stem Cell Biology and Regenerative Medicine.

    “Companies are driven by the desire for profits rather than the desire to find the best therapy, and they often give up on discoveries too early.”

    Weissman cited studies that were done long ago at Stanford and proven in mouse models or human clinical trials that pharmaceutical companies have failed to develop. “In mice, transplantation of purified blood stem cell and insulin producing cells from closely related mice leads to a permanent cure,” Weissman says. “We discovered that 16 years ago, and a therapy is still not available.”

    A therapy involving high-dose chemotherapy followed by purified stem cell transplant for stage 4 breast cancer cured a relatively high number of women in a small trial almost 20 years ago but the pharmaceutical company with the rights to the technology decided not to develop the treatment, Weissman says. A larger trial of this therapy is currently being planned at Stanford.
    See more at:
    hmmm…you mean it’s money before cures?

  8. subgenius

    What is with a) all the ai hype ‘the robots are coming for you’; b) haven’t people yet learned that tech billionaire bizniz types know remarkably little about the science their wealth is built on; and, most importantly….c) THESE endlessly quoted biz types AREN’T even fake-experts in this area.

    Tell you what, as I DID in fact spend a shitload of time studying brains, ai, coding & philosophy of mind, I expect everybody should listen to me for investment advice. And pay me vast sums and consistently quote MY line of bullshit…

    1. ambrit

      Your CV suggests you would be the “go to” person for advertising advice. “Legalized lying” is on a par with biznez, H—, it is biznez today. (Would you accept a Letter of Credit from the Banco Nacional de Cibloa as payment?)

  9. rjs

    on the ISM manufacturing indices cited by Ambrose Evans-Pritchard…Doug Short covers them with this caveat:

    This [the ISM Manufacturing Index] is a highly overrated index. It is merely a survey of purchasing managers. It is a diffusion index, which means that it reflects the number of people saying conditions are better compared to the number saying conditions are worse. It does not weight for size of the firm, or for the degree of better/worse. It can therefore underestimate conditions if there is a great deal of strength in a few firms. The data have thus not been either a good forecasting tool or a good read on current conditions during this business cycle. It must be recognized that the index is not hard data of any kind, but simply a survey that provides broad indications of trends.

    ie, the lousy employment reading could mean 51 small companies leach aid off one worker, and 49 large companies each hired a hundred
    hence, it’s unlikely the Fed will be moved by that report…

    1. andyb

      But the recent massive inventory buildup is real, and unless the consumer opens his/her wallet, it does not bode well for any economic growth for the rest of this year. BTW, I am surprised that the USG actually admitted to 0.2% growth in the first Quarter although, if you factor in true inflation (averaging at least 5-7%) over the last 5 years, we have actually had negative GDP for this entire period. So much for any “recovery”.

  10. MyLessThanPrimeBeef

    From yesterday’s links post:

    Who’s Crazy Now? American Psychological Association Supported Torture “At Every Critical Juncture”

    Thus the question, Are the inmates running the asylum?

    And the other question: Is the only slavery found in Nature Homo Sapiens slavery? Was the same genetic mutation that gave us ‘civilization’ (whatever that means) also responsible for the ‘brilliantly smart’ idea of slavery?

    For those into the IQ thing, what IQ was needed to come up with that innovation?

    1. hunkerdown

      1. Yes
      2. Did ants once know poetry?
      3. IQ is a *quotient*. Try analyzing the degenerate case in the old proverb, “In the land of the blind, the one-eyed man is king”.

      1. subgenius

        IQ is a bullshit metric, totally biased to the ‘cultural norm’ – a meaningless metric if ever there was one…it’s in the same category as calorie counting as a nutritional metric.

    2. Foppe

      Slavery is a consequence of a linguistic ‘innovation’ that Marshall Rosenberg calls ‘violent communication’, or language that is disconnected from life — which is to say language that encourages its users to deny/ignore/become unaware of the the needs that each of us has, and that each of us is allowed to have (as opposed to, say, that we are supposed to feel shame for having, given that we are ‘inferior’ etc.). See this set of videos for more (imho very worthwhile, even if it provides the answer you seek only indirectly).

      1. MyLessThanPrimeBeef

        I would agree.

        I have always thought and have mentioned here before that language distorts (and thus disconnects the users from reality), that there is no one-to-one correspondence between a word and what it is supposed to refer to (e.g. the word red can be any number of points within a region that is composed of infinite numbers of frequencies, and we need further refinement upon refinement). So, it fails at its most basic function – to describe the world around us.

        Thus, in Zen, it is said, transmission outside the scriptures…a distrust of even minimalist verbosity.

          1. MyLessThanPrimeBeef

            It’s hard, you’re right.

            Maybe a hug or a pat on the back can be used as an alternate under some situations when we want to talk or communicate.

  11. MyLessThanPrimeBeef

    Soros may face up to a $6.7 billion US tax bill…or not. From the same link:

    The law included an exemption for companies based outside the U.S. that were subject to local taxes. A week before the law was signed, Soros incorporated a new company in Ireland. Quantum Endowment transferred the deferred fees along with certain other assets and liabilities to the new company, called Quantum Endowment Ireland

    Also from the same article, in fact, the opening sentence:

    George Soros likes to say the rich should pay more taxes.

    1. ex-PFC Chuck

      Per MYLPB:

      George Soros likes to say the rich should pay more taxes.

      Now’s his chance.

  12. MyLessThanPrimeBeef

    Are We Being Psychologically Conditioned To Accept Martial Law In America?

    Well, they have spent a lot of research money on understanding how the mind works.

    When it is much better understood, perhaps their utopia is to make voters vote the way they want, applying their knowledge of the human brain/mind.

    Can our defense be that the mind should remain mysterious?

    1. ambrit

      Our best defense may well be the inability of any self aware entity to objectively analyze itself.

      1. hunkerdown

        What if that flaw is exactly why the world is so inequitable and unfair? Who needs to be objective when one can simply pathologize the minority and call it objectivity?

        1. ambrit

          Fairness and equity are human constructs. The self limiting nature of “reform” is built in. I much prefer the Greek concept of ‘arête.’ Like fluxions, it describes a continuous process of refinement.

    2. lordkoos

      I believe we are being mentally conditioned to accept more serious future wars in which actual sacrifices will be required of the general public.

  13. docg

    re: The melting Antarctic ice sheet. “But with the rapidly accelerating rates at which the ice is melting, and in the light of all the other, well-publicized lines of evidence, most scientists would be hard pressed to find mechanisms that do not include human-made climate change.”

    Recent research strongly suggests that the portion of the W. Atlantic ice sheet that’s melting is primarily affected by geothermal (i.e., volcanic) forces from beneath. While climate change may play a role, failing to report this research is deceptive and dishonest. See Also The title of the second report says it all: “Researchers Find Major West Antarctic Glacier Melting from Geothermal Sources.”

    Moreover, the melting of this particular glacial region was identified already in the 60s and is usually attributed to conditions thousands of years old. Finally, even the alarmists (or at least the knowledgeable ones) admit that there is nothing we can do to ameliorate this situation, even assuming it’s due primarily to climate change after all. Even if all fossil fuel emissions were to cease tomorrow, the glacier would still be melting at the current rate until it disappears altogether, which in all likelihood won’t happen for at least a thousand years.

    It’s remarkable how viciously skeptics are being attacked for supposedly distorting the science when alarmists are doing this regularly.

    1. Lambert Strether

      Personally, I’m willing to entertain the hypothesis that Gaia’s decided to wipe us out, for reasons I assume are obvious. Whether that would be anthropogenic or not, I leave to better minds than mine…

      1. Andrew Watts

        My conspiracy theory is that the spirit of dinosaurs are secretly manipulating humanity to produce the necessary atmospheric conditions for their re-emergence through the burning of their fossils that have turned into liquid hydrocarbon fuel over several millennia. Or maybe I’m just looking forward to seeing Jurassic World.

        1. ambrit

          It fits in nicely with the theory, that I personally like, that the “grey” aliens are a form of advanced dinosaurian that escaped into the dimensions before the 65mya asteroid event. My favourite take on “Jurassic World” is the fan trailer that says, what happens when you have a hundred million dollar budget and a bankrupt imagination? Also, the fan critic who mentions that the ‘mosasaur’ shown eating the shark is about six times the size of the real thing.

        1. Lambert Strether

          I actually had in mind an old SF story I read once, where scientists make contact with magnetic beings living in the earth’s core, hook them up with a TV view of the surface, and give them a tour, and they react “We had no idea what was going on up there!” and suddenly there start to be earthquakes and volcanic eruptions and the sky begins to go dark…

    2. JoeK

      If said warming is due to any significant extent to the oddly coincidental effects of geothermal activity, then indeed using this melting as powerful evidence of global warming is specious.
      But claiming that this geothermal cause of this particular warming trend means that global warming is a myth, is such an obvious strawman ploy that I’m quite amazed the none among the pretty well-informed NC commentariat has yet pointed it out.
      In fact, it’s so blatantly stupid that I’ll simplify my remarks above in case you don’t understand my point: just because this melting has a partial geothermal cause has absolutely zero bearing on whether global warming is a fact or not. Is that clear enough for you?
      I’m concerned because aside from the transparent strawman, the “alarmists viciously attacking skeptics” trope is truly the bread-and-butter argument of ignoramuses and the willfully benighted (see most GOPers).

  14. invy

    The pnas link says “critical factor” not primary. The second article says the finding will help increase model accuracy as current models assume a flat heat distribution which is clearly not aaccurate. I don’t see how this discovery does anything except help the alarmist view.

    Regardless, when it comes to policy and science we must practice the precautionary principle. We can either address the problem now, or throw our hands up in the air so the problem lands on the next generations door.

  15. Mark

    A second study, published Thursday in the journal Science, helps explain the accelerating ice melt: Warm ocean water is melting the floating ice shelves that hold back the glaciers

    The study published today in Science provides a reason why this conveyer belt of ice might be accelerating. A team led by oceanographer Sunke Schmidtko of the GEOMAR Helmholtz Centre for Ocean Research in Germany found that the shallow waters in the Amundsen and nearby Bellingshausen Seas have been warming over the last three decades. he researchers found that deep and relatively warm ocean water known as Circumpolar Deep Water has warmed at a rate of roughly .1 degree Celsius per decade (.18 degree Fahrenheit) since 1975 around most of the continent. That’s thought to be tied to broader climate change that’s pouring extra heat into the oceans, Schmidtko said.”

  16. GlennF

    “Fast Track/TPP: The Death of National Sovereignty, State Sovereignty, Separation of Powers, and Democracy”
    Where are the tea party mouthpieces’ deconstruction of the TPP and its evil EU twin? Why no take down on par with JF? Since I can remember, from the days of the John Birch Society, Republicans have lambasted any attempt to globalize the USA. Now they seem to be more than willing to let it happen. I seems the Republicans have been taken over by foreign dominated corporations and should be outlawed from participating in our government as being un-American. Disbarring them should be the first step to restoring our democracy.

  17. rich

    Rocco Galati in Court to Challenge How Bank of Canada Does Business

    Among other arguments in its court submission, the group alleges Canada ceded its sovereign ability to conduct independent monetary policy to the “secret” deliberations and control of private foreign bankers. This unconstitutional move, COMER argues,was a result of Ottawa’s decision to join several multinational financial organizations,particularly the Bank for International Settlements(BIS). Headquartered in Switzerland, the BIS is an organization that brings together the central banks from 60 countries to cooperate
    in the promotion of international monetary and financial stability. Canada joined in 1970.
    “It’s by far the most serious and important case I’ve ever done,” said Galati, who
    gained national prominence in a classic David versus Goliath case last year in which
    he moved to block Prime Minister Stephen Harper’s appointment of Justice Marc Nadon
    to Canada’s top bench.
    Of the current case, Galati says, “It impacts the entire country in a profound way,right down to the bone of our economics and the history of the way we’ve maintained and lost, through illegal action, our independent monetary policy. It’s huge.”
    The federal government tried to quash the case on the grounds it was frivolous and the alleged infringement of the plaintiffs’ constitutional rights was “too uncertain,speculative and hypothetical.”

  18. Jill

    Birth control and martial law,

    In times of crisis we see an increased attempt to control women. This has happened trans historically and culturally. I’m not really certain why this would be so. In the case of birth control it would seem very strange for any person who opposes abortion to outlaw birth control unless their real aim is to control women. I notice that many religions are gearing up their anti female tirades. Exactly how is the abuse of women supposed to bring a social crisis under control? It would seem logically that we need everyone to be on board in a crisis. We need people to have the best education, the best health, the best ability to resist oppression that we could foster. Yet societies choose the opposite of the very attributes that would most help us to resist oppression and to flourish. I link this up with conditioning, mental conditioning which can include acceptance of martial law.

    Jade Helm seems like a disaster in the making. As I read about it before, it appears that special forces will be “infiltrating” the civilian population. They will have guns with blanks but only the Jade Helmers will know they are blanks. This means they will enter a civilian population which is also armed. I don’t see that going well. Further, they are encouraging citizens to report on one another. If you see anything suspicious, you are supposed to contact law enforcement authorities. That definitely seems like prepping the population to turn on each other, a classic police state tactic.

    I see all kinds of manipulation of our population going on. Truly, I am very scared of what is happening.

    1. Lambert Strether

      That’s nuts. That’s like the nutballs who hold drills that look real — with, IIRC, armed cops — in schools, to test the systems. Out of control, and now doing it statewide.

    2. Skippy

      FYI special ops has been using the civilian population wrt training exercises for yonks, tho the scale of this is not typical.

  19. curlydan

    Regarding the Roubini article and currency wars in general, I have a question that’s been bothering me. As nominal interest rates go to zero or negative, could this possibly reduce the velocity of money? I’ve read reports of pension funds and savers pulling their money out of banks and effectively putting it “under the mattress” when possible. Wouldn’t this reduce the multiplier effect of money and possibly the velocity of money even further? Or would corporate borrowing become so attractive that it might counter-balance individuals and pension funds pulling money out? It just seems like negative interest rates may “gum up” the works as much as it could “grease” them. This is from a non-finance guy who has way too much cash in his portfolio, so maybe I don’t have the right perspective or knowledge.

    1. MikeNY

      I think you’re right. I think velocity has fallen, and corporations, like rich individuals, are sitting on cash because they have no good investment opportunities.

      Economists call it “insufficient demand”, but none of them is smart enough (or honest enough, or brave enough) to say that the reason demand is insufficient, after unprecedented global monetary stimulus, is because too much money is concentrated in too few hands.

      1. cnchal

        . . . too much money is concentrated in too few hands.

        Lots of division of labor. Not enough division of money.

    2. AQ

      What makes you think you’ll be allowed to remove funds from the banks and put it under your mattress. Wasn’t there a link last week about a pension fund wanting to do that in Europe and being told no?

      1. curlydan

        That is the story I read, too. I guess pensions can be stopped but grannies and younger but old-minded people like me could do it.

Comments are closed.