The apocalypse may be diverting your attention from the likes of Goldman Sachs. So, is it any surprise that Lloyd Blankfein's Black Amex Card was found near the broken pipe of the BP rig in the Gulf. Mo Dowd, a columnist for the NYtimes, said her sources at the White House told her that the President was really pissed about this revelation. "The President does not have a Black American Express card and he is THE Black American!" the aide pointed out.
No one seemed to care that the card was found at the disaster site. It is now pretty much taken for granted that Goldman Sachs will continue to be associated with world case calamities of all sorts well into the decade. The close correlation between government attacks on Goldman and various global catastrophes has been document by us. Haiti, the Icelandic volcano, and now the Gulf of Mexico is caput. Interesting timing, don't you think. The theological implications seem clear to me...Lloyd is doing the work of god. Lucky the Vatican doesn't have this kind of juice with the Chairman of Chairman in the shy. I may apply for a Templeton grant to work through my proof for the existence of Goldman Sachs.
Thursday, June 3, 2010
Tuesday, June 1, 2010
After a Long Winter's Nap
Say it isn't so! Al and Tipper are going their separate ways. Our heads spin, our hearts race...what's for dinner? Do to the miracles of public health and a healthy diet (look at Al) the Gores were in danger of mummifying after forty glorious years. There was no end in sight, no flu strain to help in the near future....They bit the bullet and separated the pets and the gold fish. Tipper gets the Pat Boone albums and Al gets the photos of himself in various phases of enlightenment. The official cover story is that they have just grown apart.
Yeah, I can buy that: as Al gets fatter and fatter, Tipper is farther and farther away. Who knew that saving the planet might require eating it a chunk at a time. The rumors about Al being attacked by a Japanese whaling ship remain unconfirmed at this moment. But, we have not seen Al in any swim suit photo ops lately. Could be waiting for the scars to heal or he is just sparring us the horror, the horror.
Well, enough of that. Oh yeah! Did you see that Dr. Krugman had himself quite worked up in his last column "the Pain Caucus"in the NYTimes.com May 30, 2010? Krugman lays out the very likely possibility for a double dip recession based upon the mutterings coming out of the mouths of various people at the IMF, OECD and other drab financiers. He can't believe his eyes and ears as there is a substantial call for putting the breaks on fiscal stimulus to fight a non existing problem at this time, inflation.
Krugman gives all the rational reasons why restricting growth now is a very bad idea for the world economy in the short and medium term. The inflicting of massive pain across many national boarders to solve a non existing issue raises the question of what is behind this rush to the edge of depression. This is an opportunity for finance capital to further weaken it's enemy the regulatory and welfare regimes of the EU, and other activist state players. The steady play on fears of inflationary pressures has produced panic in the halls of Congress and odd behavior on the part of the Germans (I guess that is not surprising) and the European Central bank. It appears that the Chinese are not playing the game that would reinforce the power of the markets to dictate terms to the EU. Still, Krugman doesn't see or he refuses to call it for what it is: financial capitalists trying to provoke a collapse of the welfare state system across the globe. The Krugman might warn them to be careful of what they wish for. Without the state in control, there is no guarantor for markets or peace. Fascinating, isn't it!
Yeah, I can buy that: as Al gets fatter and fatter, Tipper is farther and farther away. Who knew that saving the planet might require eating it a chunk at a time. The rumors about Al being attacked by a Japanese whaling ship remain unconfirmed at this moment. But, we have not seen Al in any swim suit photo ops lately. Could be waiting for the scars to heal or he is just sparring us the horror, the horror.
Well, enough of that. Oh yeah! Did you see that Dr. Krugman had himself quite worked up in his last column "the Pain Caucus"in the NYTimes.com May 30, 2010? Krugman lays out the very likely possibility for a double dip recession based upon the mutterings coming out of the mouths of various people at the IMF, OECD and other drab financiers. He can't believe his eyes and ears as there is a substantial call for putting the breaks on fiscal stimulus to fight a non existing problem at this time, inflation.
Krugman gives all the rational reasons why restricting growth now is a very bad idea for the world economy in the short and medium term. The inflicting of massive pain across many national boarders to solve a non existing issue raises the question of what is behind this rush to the edge of depression. This is an opportunity for finance capital to further weaken it's enemy the regulatory and welfare regimes of the EU, and other activist state players. The steady play on fears of inflationary pressures has produced panic in the halls of Congress and odd behavior on the part of the Germans (I guess that is not surprising) and the European Central bank. It appears that the Chinese are not playing the game that would reinforce the power of the markets to dictate terms to the EU. Still, Krugman doesn't see or he refuses to call it for what it is: financial capitalists trying to provoke a collapse of the welfare state system across the globe. The Krugman might warn them to be careful of what they wish for. Without the state in control, there is no guarantor for markets or peace. Fascinating, isn't it!
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