There’s so much in the News that makes me want to write because no one addresses the root cause of what they report, except me; so instead, the news and all that are programmed by “news programming” co-opt - viz., they either cuddle up on the Democratic side of the hyphen or stand at attention on the republican side: because either is the panacea for any “issue” that is allowed to be reported as “news”. It’s a formula that makes it so easy to slide into demagoguery. Now how do you suppose that ever happened?
Mutilating the US Constitution over the Citizen’s United decision, will not affect or change the foregoing, in any way. All it will do is
(1) Change the status of a corporation under law - i.e., presently, a corporation is a group of “natural persons” that “pay-in” to a common treasury, for the purpose of using that joint treasure to do something that is expressly allowed via a government charter; whereafter that group of people is dealt with as one “corporate person” for the purposes of ownership and law suits; but a corporation is not a citizen and therefore does not have the privileges and immunities that Citizens possess under the US Constitution. A corporation does not have a corporate right to vote in Federal, State or local elections.
The proposed mutilation of law does not change what the various News Corporations, do, or what or how they report the news. So why does this “non-corporate “assembly”? or “association”? want to do this?
(2) To allow the Federal Election Commission to ban any film or media content which is made by a corporation (e.g., a film company) which they deem “under discretionary authority” may adversely affect a candidate’s success, in the outcome of an election.
It’s simply demagoguery at it’s worst
At the heart of all such demagoguery is the oldest con known to man - “let them believe whatever they want”. You put something out there with a holier than thou upright firm conviction; something vague and amorphous that relates to people in a myriad of ways and whatever they believe, is true; and many of these people believe that the foregoing mutilation of US Law will “take money out of politics” (talk about vague and amorphous) - Universally translated, handicap the Democratics because their Bill Clinton/Phil Gramm “business first” economy discussed is my last blog prefers to give more money to Mittney and McConnell than to Barack Obama.
But there is one material fact obfuscated by the News. The traditional “business first” economy of the GOPstapo was transformed into the “Go With Temptation” economy endorsed by Bill Clinton for Phil Gramm yet Bill Clinton, says, He’s for President Obama. O dear, those poor Democratics, they just don’t know which way to go
A few days ago, in the US House of Representatives, only 98 Democratics out of 191 voted against
the Ron Paul Bill designed to destroy the Federal government by doing his Andrew Jackson on the Fed, in order to re-establish the Jeffersonian idea, that Central
Banking is a “Jew Merchant Leach Conspiracy” and more than half of the Democratic Party lined up behind him and voted yea.
There is a solid bedrock reason to separate commercial banking from investment banking.
The rise of US commercial banking resulted from the nature of our Federal system and the need for short term business loans - e.g., I have to get A from point B to point C and even if I fail at point C my collateral is sufficient to cover this loan. In this manner, commercial banks create money, by the creation of credit, based on a tangible asset and the use of another tangible asset; and still, for very short terms at very low risk. In this light the greatest risk is the actual worth of the asset commensurate with the amount of credit extended and how much could that vary in so sort a period of time.
There are several important points to note here: commercial paper is actually what the gold bugs refer to as “paper money”; but in the foregoing incarnation it’s really one of the only forms of paper money that is “as good as gold”; but the thing about paper money (and for that matter any money) is that in this instance the credit exists for a very short time because it is inevitably converted into the actual use of a tangible material asset like grain, steel, &c. Whereas, Gold, for example, doesn’t do anything, in and of itself, except lay there - “Get Moving you lazy good for nothing goldbrick”, Sergeant Fury growled, to a Howling Commando.
So in this regard the CP credit faciliates the movement or velocity of money.
In contrast, investment banking, deals with loans which run for a much longer duration and for that reason alone carry far greater risks. Here that relationship of money “as good as gold” does not apply.
For business, this is a somewhat simple obstacle, ameliorated by virtue of capitalism: the business can pool treasure together for the one common purpose of that business, which is, in fact, the entire purpose of capitalism as opposed to feudalism and in fact how the former supplanted the latter; and while feudalism is illegal under the USA law of the land, the means by which Persons devoid of titular privilege, escaped from feudalism, was essentially, by means of international commercial paper.
“The Jew Merchant Leach Conspiracy to Dupe the Crown of England” !!
So one of the bad things about all money now being similar to paper, which by now is even a misnomer of that which facilitates it’s use is that the paper money is especially subject to greater variations in value the longer it persists e.g., for purposes of longer term riskier loans; but it is not the nature of the money itself that causes this to happen it is the use of it.
For example, if a person has to live in debt, while under 30 years of indentured servitude, merely to “own” a house, does this person actually own it or is this person actually renting it by the value of their servitude; and what sort of surety secures this servitude. What is this person’s collateral other than the house itself and what sort of condition will it be in after so long a period of time.
If monetary depreciation occurs within this period of time, then the lender is getting less in pay back than what was lent and the liklihood of monetary depreciation is essentially inevitable; so then it becomes a question of interest - how much will it take to not only maintain the value in terms of money but also the value in terms of the collateral asset itself.
You cannot use these forms of “assets” as credit reserves for ordinary credit creation. They must be necessarily and properly separated for what they are - in terms of business, speculative investments in terms of home ownership highly speculative “investments”.
The parameters of job security have changed. Whatever improvements were realized from lessons learnt from the Great Depression have been reversed by the GOPstapo and “Conservative” Democratics under the influence of Romantic Fantasy. The direct and immediate consequence of this is that long term loans inextricably intertwined with “job” security are bad business - e.g., a family loses their jobs and then defaults on their mortgage.
So unfortunately, you have a loan which acts in a similar manner to commercial paper - that is - a bank gives the money to someone to build it, transfer it to you, whatever, and then you take the rest of your life to “pay back” the bank. Economists could argue, but, that house, unlike production property, doesn’t produce anything unless American standards become so deregulated that the shelter has to be virtually rebuilt every few years.
Gresham’s Law - ‘bad money will always drive out good money’
The simple fact of the matter is that these types of assets are entirely different and one is subject to a far greater degree of risk than the other and therefore ought to be kept separate; and ultimately, any sort of “investment capital” having to do with business is best faciltated by a corporate treasury and if that is insufficient then by going public. The reason here ought to be self evident, people that “invest” have surplus capital and are willing to risk it on the chance of receiving a higher return. They freely and openly assume that risk, if they lose, then it’s the same as playing dice or any other game of chance. It’s up to them and if or when they lose, too bad.
But in the case of people “owning” a home there is seldom, if ever, any actual tangible asset serving as collateral over a great duration of time. This is not a business concern or a business investment, this is shelter. The closest thing to a tangible asset is the full faith and credit that government will force almost any person that wants shelter to endure a life of debt and at least 30 years of indentured servitude.
So where does that money come from?
Challenge to the News moguls, go get Bill’s statement on this and then ask Mittney and McConnell what they have to say. Give the Anglo Heritage “kindred race” GOPstapo something to think about.
Now before you make up excuses as to why no one in the media is capable of doing this - comeon Andrea you can do it - let’s look at the Heart, Soul and Flesh of the Mittney and McConnell bitch - viz, The Negro is not our “kindred race” and as Pat Moynihan made clear in his “Moynihan Report” Obama “can’t understand how America and our White Patriarchal Anglo Heritage works” and as an immediate consequence of this genetic falibility we have “a pathetic economic recovery” because “White Guys: in Congress, that used to follow a Sensible good ole White boy from down south are now following a Nigra; and unlike ours, he ain’t the kinda boy we kin lurn ta like !! Here’s the historical reality of US Recessions
There are two causes of the “slow recovery” or whatever similar appellation Mittney & McConnell are using to mislead US citizens and yet have avowed to do nothing about, except to make worse
(A) war spending and
Solution A? Defense Sequestration is a good start. It’s essentially the same thing the GOPstapo Ayn Rand budget does to social spending which Mittney suggests he shall sign into law if you give him the US Presidency. The appeal to pity is “private sector jobs”, the similar excuse Baker III gave for Iraq I, “one word, jobs” the similar excuse former Nixon man Leon Panetta gives to Congress on anything “defense”, “to preserve our manufacturing base”.
So let me, unlike the news, make it clear for you.
The idea behind Republican fiscal policy is a balanced budget, with the lowest possible rate of taxation, the lowest possible degree of regulation and lots of war spending. “Peace through Strength”. It’s deja vu all over again. It’s “reaganomics”. It’s an easy choice for the GOPstapo: end all Federal government spending except war, their self avowed “number 1 priority”. Because their Keynesian facilitator is war spending. I hope all you news folks made a note of their primary excuses to not allow execution of defense sequestration. Well the balanced budget ploy is an idea that has been popularized over the years by Conservatives, like the PE ratio was in the 1920s. And anyone that’s ever traded stocks in a Bull Market knows it doesn’t matter whether there is any rational basis to the “conventional wisdom”, just as long as a mob with money believes it and acts on it. So the idea behind the perpetual Republican Plan is that “business” will have renewed confidence under the GOPstapo plan. Money velocity will pick up and it’s Morning in America. Under the old Gold Standard the conventional wisdom was renewed confidence in dollar and price stability and the ability to borrow money in order to buy and sell and thus collect more money all of which shall be taxed less or else at the same amount. Do you swear to do this Mittney? I swear. Bingo, it’s “morning in America”. That’s it. That’s their plan. So there really isn’t anything more to talk about.
What is ignored is “speculation”.
Going back to the foregoing comparison between commercial banking and investment banking, both of these types of assets were all mixed up together - Deep South White Guy Know How - and as a result of this new financial chimera new forms of “instruments” were shit out and are now used to replace traditional forms of reserve assets replacing things like Treasury Securities and the Power to Tax with things like ABCPs and SIVs, this switcheroo, and lacl of confidence in these new credit reserves used to make money resulted in the 2007 economic catastrophe with Mitchy jumping up and down “more, more” presently remains the heart soul and flesh of business uncertainty and the main cause for traditional “paper money” to remain in a state of low velocity, slow and dribbling like an Old GOPstapo penis lQQk. The GOPstapo approach, led by rah rah McConnell is, deregulation is the new Viagra, fuck it baby, let that Patriarchal motherfucker rip. Back to the dying days of the bull market, the end of the Clinton boom boom, mix it all up sweetheart, mix all those ece(s) together and let the wisdom of the speculators, the free market, bang those keys and make us some money, who needs the fucking Fed, T Bills or any of that Federalist shit, we’ll make our own !!
It’s Punk Finance.
Meanwhile there’s Ron Paul pumping gasoline all over the Fed, with his Libertarians and ‘Torn Between …’ Democratics about to do the lighter thing. Can we get a sound track for this ?
While at the same time Mittney thinks it’s 1980 and that all of this fallow money (electronic “credit” entries) are collecting high rates of interest, which is in decline, so this is a “golden opportunity” to cause these ece(s) to be “circulated” at rapid velocity through super computers looking for comparable or even higher rates of return if only we “whip the horses eyes and ride”. Ah Mitt, that’s what’s been happening since the late 90s. I guess you missed that, being that your ece(s) are in offshore tax havens? Or did you get out in time? Could you imagine him doing this with coins?
So a while back there was this minor breach with the 93 Democratics the “torn betweens” over alleged criticism by President Obama regarding Mittney’s Vulture Capitalist proclivities. Could you imagine him doing this with coins? These guys are opening a supermarket but it’s not just the apples and oranges, if you follow my meaning.
But let us not forget, Gresham’s Law and that this is Western Civilzation we’re dealing with, which arguably includes the USA. Radicalism is sacrilege !! we must only treat the symptoms which oft times becomes the cause
In this light, it’s not only what speculation actually is - surplus money that no one wants the government to collect and yet can’t think of anything better to do with it - because they did find a use for it, and the new use is the real culprit, it flows into Luxury, hence, “The Romance of Speculation”, monarchy, opulence, the antithesis of everything which frugality of Democratic-republicanism is all about, at least according to Montesquieu.
Is he a “kindred race” cuz he sure ain’t a “kindred language” Beautiful women, sugar daddy Masters with cash !! high fashion, wine, cavier, world travel, luxury cars. These archetypes, icons, talismans have been implanted in America’s collective mind to represent success by democracy. Even though you’ll never have any of it in any other manner than living a fantasy of it, already provided to you, or suggested to you by a metaphorical drop down media advertising menu, in the forms of motion pictures, magazines, television shows, music; and anyone that is opposed to it, is a Communist, Moslem terrorist or most certainly some gotdam Liberal.
This is the primary reason drugs are criminalized and various forms of art are economically denounced to the point of impossibility - i.e., many people aspire to them, it’s much cheaper, more enjoyable and doable and we all end up in the same place anyway; but chances are if you pursue this happiness you’ll have to be a Homosexual or a prostitute because woman are still under program to avoid these sorts of men and the only way women are allowed to be this way is by having sex for money - the sole alternative to becoming an Old Maid.
Before long, if you’re a Homosexual, you’ll have to be married. A similar pressure that was imposed on women - you Old Maid you. Is that what you want to be? There’s only one other choice you know. It’s God’s Will and the GOPstapo are going to keep it that way
So the only allowable gateway to this Romance Fantasy is through money. You have to have the clothes, the car, the condo. Then you can have drugs, prostitutes, snuff films, whatever, because you’re “in” the system and the D-r(s) ironically attest that this want is what drives “the system”, so that’s the only way it’s allowed; and now by this time, those pre-requisites are on self perpetuating auto pilot because society and the program that replaced the human mind caused society to evolve within the corral of this new ethos, it’s the new human standard and the new American foundation for the right to exist.
So if you’re against that, then you are an enemy of the Democratic-republicans. And the way it’s designed or evolved, you that oppose shall eventually break, do something that is explained to one of their judges as detrimental to peace and prosperity and then they put you in prison or kill you, your only choice is to knuckle under and submit. And you will in one way or the other. They call this Liberty and Democracy.
Come on tommy, co-opt.
The following is what the GOPstapo played for Reagan at His Detroit “4 more years” Convention (chk out the YouTube comments below it)
This is why Revolutionary movements in the USA always peter out, either the individuals (neo-corporately or otherwise), co-opt - e.g., mutilate the Constitution for Citizens United, co-opt conform, get a fucking job you good for nothing goldbrick we got this here mortgage business to run at a guaranteed profit; or else everyone else is programmed to not have anything to do with them/US so we are never known.
What I find enormously funny, though, is that republicans read my blog and think I’m helping them and I’m sure there’s nothing I could ever say or do that will change their mind
Make a punk rock video of the whole thing so I can post it raht cher