Thursday February 16, 2012

GJDailleult's past comments

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    GJDailleult

    Ash? Seems unlikely on a flight from SA, but maybe the plane was exposed to it on a previous flight.

    Posted in: Libyan plane crash kills 103; Dutch boy survives

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    GJDailleult

    The one child policy has led to an excessive number of men in China, in the tens of millions. Young guys who can't get a date, let alone a wife, as there are not enough women. Is that part of what is behind these attacks? I don't know, but China has two very big problems, whether they are related or not.

    Posted in: 7 kindergarten children, teacher hacked to death in China

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    GJDailleult

    Well, I bet this article gets only a couple of comments!

    "The FDIC, if Democrats get their way, is about to be granted new power over the financial system that will affect millions of businesses, not just banks." Mmmm, the idea to put consumer protection in the FDIC is a REPUBLICAN idea, but don't let that get in the way.

    Posted in: Immigration fight in U.S. will fire up wrong base

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    GJDailleult

    A quick browse shows only about 4 out of 54 posts seem to question the underlying premise even a bit. That the US military needs bases in pretty much every country everywhere. That doesn't mean that THIS base is unnecessary, and I agree with the comment that the ad is misleading and inaccurate. Also, the economic effects on Okinawa could be pretty harsh if there was any pullout, I agree.

    But past a certain point, you have to follow the money for things to make any sense.

    Posted in: Anti-base ad

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    GJDailleult

    Good point nanda, but the word "spill" is being used everywhere. Maybe this kind of off-shore gusher has never happened before, so there is no word for the effect of one. They don't seem to have any idea how to cap it either.

    Posted in: Gulf Coast oil spill could eclipse Exxon Valdez

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    GJDailleult

    Looks like this is just the number for Tokyo-To itself, which includes lots of rural areas and mountains in the west. The actual Greater Tokyo population (ie. the continuous urban sprawl) is much higher, around 30 or 35 million I think, but as it is chopped up into different administration areas, it is not counted that way. It would be a more accurate number though.

    Posted in: Tokyo population tops 13 million for first time

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    GJDailleult

    There is an old line that an investment is a successful speculation, and a speculation is an unsuccessful investment. So yes, the line can get blurred.

    But basically, investing is buying something because it will (you hope) generate income down the line. Speculation is buying something because you will be able to (you hope) sell it a higher price later. Whether the asset you bought actually generates any income from whatever it does is irrelevant.

    The world used to work on the basis of investment, now it is all about speculation. We are now starting to see the results of that.

    Posted in: Goldman Sachs execs deny wrongdoing in Senate testimony

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    GJDailleult

    Amazingly the word "bank" shows up only once in this article.

    "At minimum, a Greek default would roil the balance sheets of European banks holding Greek bonds." And so they should get roiled. Just as every junkie has a dealer, every excessive borrower has an excessive lender. These lenders are supposedly experts at "risk management" too, but they happily kept lending until these countries hit the debt saturation point where they can't service the debt. But for some reason they are not expected to share in any of the pain, that is the job of the people of these countries to shoulder. Have to maintain the fiction that the world's banking system is actually solvent, that's their job.

    Banking - lending imaginary money that you don't actually have to people who can't actually pay you back and paying yourself a big fat bonus for being so brilliant at doing it. Jobs don't get much better than that!!!

    Posted in: Europe debt crisis widens as Spain's credit rating lowered

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    GJDailleult

    Perhapse you can explain to me why any struggling business should recieve aid at the expense of the taxpayer.

    UH, they receive aid because that struggling business has the power to bring down the entire economy if they fail. And they exploit that power to extort money from the government and enrich themselves at everyone else's expense. Sorry, but the "it's ok for the government to lose money because they shouldn't have done it in the first place" argument makes zero sense. Sort of like it is ok to be a drug addict because you should never have started using. But now you are using, so no problem.

    Anyways the scam that Goldman is part of, and this deal is just a tiny part of it, is as old as history. The creation of debt bubbles designed to legitimize a political and economic elite and their ideology, in this case neo-liberal, free market fundamentalism, and to enrich the members of the debt creating class. Works great until you run out of people to buy into the Ponzi scheme and then it goes into reverse. Has happened many times and each time, the elite claim nobody saw it coming. "Boss, I just pointed the gun at the guy's head and pulled the trigger, and this bullet came flying out and hit him in the head and killed him. How's a guy gonna know that's gonna happen? How ya gonna know?" How indeed.

    “Give me control of a nation's money and I care not who makes her laws”- Mayer Amschel Rothschild

    "If you know your history, you will know where you are coming from" - Bob Marley

    Posted in: Goldman Sachs execs deny wrongdoing in Senate testimony

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    GJDailleult

    Between the comment and the over-the-top grovelling apology Brown probably managed to tick off every single British voter, left, right, or center.

    Unfortunately though, this article doesn't include Ms. Duffy's wonderful and probably immortal question, "All these Eastern Europeans what are coming in, where are they flocking from?" Yes Holmes, from where???

    Anyways, Brown was wrong to call here a bigot. She is just another confused peasant who thinks her problems are caused by other peasants. Get ready for the serf wars!!!

    Posted in: UK campaign gaffe: Brown calls voter a bigot

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    GJDailleult

    @gyoza- Goldman was subsidized by the US and British governments through the subsidization of their counter-parties, in particular AIG and Royal Bank of Scotland. No money for them to pay out to Goldman and there would be no money for Goldman, and also they might have been on the hook to pay John Paulson. RBS paid out their losses to Paulson two days before they were taken over by the British government. They are also subsidized in all kinds of indirect ways through the Federal Reserve, most blatantly through by being allowed to change to a bank holding company which allows them to borrow directly from the Fed at near 0% and then turn around and buy treasury bonds paying 3 or 4%. Hey I could be a savvy businessman doing that too.

    As for having no "speculators", you would have an economy run by "investors". I'm old enough to remember sitting watching Louis Rukheyser on PBS with my Dad back in the 70's, as he would earnestly try to get people interested in this boring place called Wall Street. "Investing is what builds America, you should learn more about it" he would say, or some such stuff. But investing is boring, sitting around for years having to build things, and not so useful when have bogus economic theories to push, like Ronnie and Maggie did. Much better to start speculating and get some action happening.

    And now we are all going to pay through the nose for the "good times".

    Posted in: Goldman Sachs execs deny wrongdoing in Senate testimony

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    GJDailleult

    Not clear how deflation and depression help anybody pay off debts, but that seems to be the (brilliant) plan.

    Basically it comes down to who is going to take the hit. The bankers and their shareholders and bondholders, or everybody else. All the banks everywhere are probably bankrupt anyways, everything going on now is just trying to keep the house of cards from collapsing and keep the "profits" flowing in. If they had to recognize all their non-performing loans (like Greece) they would all be dead with their capital wiped out. But of course they have a little more political influence than the average Greek (or Portuguese, or Spanish, or British, or American, or....) schmuck on the street.

    Not sure how anybody figured 30 years of an expansionary debt bubble would turn out any differently though.

    Posted in: Europe debt crisis spreads to Portugal

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    GJDailleult

    So some people lost money

    "Some" people didn't lose money. You lost the money through the US government subsidization of GS and Wall Street. That is the whole point.

    Having one company issue securities, be the market maker in those securities, and be trading those same securities for their own account is a massive conflict of interest and is INSANITY. Having that same company parachute their own staff into the senior positions at the US Treasury, and to also be a primary dealer for the Federal Reserve (and whatever other relationship they have) is also insane.

    And it doesn't matter whether what they do is "criminal" or not. Any country that allows their economy to be taken over by speculators and financial racketeers is clearly nuts and going down the tubes.

    Not being anti-American there, there are lots of other countries that qualify. Number 1 being the UK of course.

    Posted in: Goldman Sachs execs deny wrongdoing in Senate testimony

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    GJDailleult

    Others have charged that the Chris Dodd-led Democrat plan amounts to the Fannie-and-Freddie-ization of Wall Street, through a narrowed focus of the Federal Reserve and explicit and implicit guarantees.

    The problem with that charge is that that is what has already happened.

    Posted in: Bailouts vs breakups

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    GJDailleult

    Khomeini released the hostages for fear of what Reagan would do.

    You mean like what he did in Beirut?

    Posted in: Iran marks anniversary of failed U.S. hostage rescue attempt

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    GJDailleult

    Who sets these ridiculous standards?

    Nimbus is just parroting the criminals' position. that the mortgage business was a victim of dishonest customers and evil politicians. Rather than the obvious fact that the mortgage business became taken over by organized crime, and that they were engaged in massive accounting fraud. The setting of the ridiculous standards was a major part of how the fraud operated.

    Posted in: E-mails show Goldman Sachs boasting as meltdown unfolds

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    GJDailleult

    They are blocking it because Frank Luntz told them to.

    “Frankly,” Luntz wrote, “the single best way to kill any legislation is to link it to the Big Bank bailout.”

    “From a message standpoint, bailouts is the single most powerful word in all of this. Everything else has distant impact. It’s the only thing that people understand. People don’t understand credit default swaps and derivative trades,” said Tony Fratto, a former Bush spokesman now at Hamilton Place Strategies, a policy and communications shop.

    Translation is that the spin doctors think all this stuff is to complicated for the voters to understand, so they can play it to their advantage. And they are probably right. Any future bailouts will be done covertly through the Federal Reserve, as they have been all along, so any threat of a direct bailout from the federal government is a non-issue. And no American politician of either side can actually be honest about the true situation - that the US financial sector is completely bankrupt and that all bank salaries and bonuses are a direct transfer of wealth from the American public via the Federal Reserve - because of the panic that would result if people knew how things really work.

    So no damage in playing a few political games, it is the smart thing to do.

    Posted in: Obama slams Wall Street ways while asking support

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    GJDailleult

    They are essentially going to become a part of the government.

    They are the government.

    Posted in: Obama slams Wall Street ways while asking support

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    GJDailleult

    Are you trying to say that Lufthansa and others blindly ignored science in their search for the truth?

    No, he is saying that the concept of a contradiction is too confusing for him.

    Posted in: Recriminations erupt in ash-fueled aviation crisis

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    GJDailleult

    Talk about cherry picking. Those 8 Democrat controlled states that voted against ratification include such 21st century hotbeds of liberal elitism as Mississippi, Louisiana, Alabama, South Carolina, and Georgia.

    It was also a Republican administration that started and conducted the civil war against those freedom loving, state's rights defending Confederates. But just ignore that and keep using your ancient history selectively.

    Posted in: Obama seeks Supreme Court nominee who backs women's rights

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