Saturday, November 27, 2010

"Feminists" on TV in Full Support of TSA, Denounce Critics as "Terrorists"

In the incredible, ongoing TSA saga, I've been waiting to hear from two particular entities on the left side of the political spectrum: one is Glenn Greenwald at, a constitutional attorney who in the past never failed to defend the rights of individuals against the tyranny of the state; the other is the feminists.

Glenn Greenwald finally spoke out against two despicable writers at The Nation magazine, in the article titled "Anatomy of a journalistic smear".

And I finally heard from the other entity, feminists, or at least I think that what they want to pass themselves as such. Their view is fully expressed in the video clip below, which I found in the post by Thomas DiLorenzo at LRC Blog. This particular group of middle-aged women as you see in the clip below includes several who walked out of the TV set over the Muslim terrorist remark by Bill O'Reilly.

Do they defend women and men who suffered sexual abuse in the past and who refuse naked scanning and highly intrusive patdowns? Hell no.

Are they indignant that the TSA had a woman scanned and then patted down in the groin because she had a sanitary napkin on? Hell no.

Instead, they loudly pronounce people who refuse the scan and end up in the heavy patdown as terrorists! Why? In their feminine logic (oxymoron, I know), these people, by refusing the scan, are tying up the valuable TSA resource by forcing the TSA to individually pat them down, while some real terrorists may snuck by them unnoticed.

What's the big deal, they all say.

It is by far the most disgusting video I've seen so far on the topic.

If it is the Democratic government doing the molestation, particularly under the charming (to them at least) black president, it's all fine and dandy to them. This particular feminist lawyer who claims to fight "on behalf of victims whose rights have been violated" announced she thoroughly enjoyed the heavy patdown.

Do you see the message they are sending to the rest of us? If we are as sophisticated, educated as they are, we should be enjoying the sexual abuse. Just enjoy the occasion.

Much like we've been pushed to appreciate abstract paintings (now we know the CIA was behind the promotion), twelve-tone and atonal music ("because all notes are created equal"; and this was another CIA job), which to many unsophisticated people including myself look and sound like a crap.

Friday, November 26, 2010

GM's Union Making Out Much Better than US Taxpayers on GM Stock Sale

No surprise here. It really pays to have their best friend at the White House.

From The Washington Times on November 25, 2010 [Emphasis is mine]:

General Motors Co.'s recent stock offering was staged to start paying back the government for its $50 billion bailout, but one group made out much better than the taxpayers or other investors: the company's union.

Thanks to a generous share of GM stock obtained in the company's 2009 bankruptcy settlement, the United Auto Workers is well on its way to recouping the billions of dollars GM owed it — putting it far ahead of taxpayers who have recouped only about 30 percent of their investment and further still ahead of investors in the old GM who have received nothing.

The boon for the union fits the pattern established when the White House pushed GM into bankruptcy and steered it through the courts in a way that consistently put the interests of the union ahead of many suppliers, dealers and investors — stakeholders that ordinarily would have fared as well or better under the bankruptcy laws.

"Priority one was serving the interests of the UAW" when the White House's auto task force engineered the bankruptcy, said Glenn Reynolds, an analyst at CreditSights. The stock offering served to show once again how the White House has handsomely rewarded its political allies, he said.

The union's health care and pension trust fund earned $3.4 billion through the sale of one-third of its shares in GM last week. Analysts estimate that it would break even if it sells the remaining two-thirds of its shares at an average price of $36 — close to where the stock traded shortly after the offering hit the market. GM shares closed at $33.45 on Wednesday.

For taxpayers to break even, by contrast, the stock would have to rise to at least $52 and by some estimates as high as $103 — levels that would take years to achieve.

In any event, after selling one-third of its shares last week, the U.S. Treasury has agreed not to sell any more of its GM stock for another six months, while the union fund is free to keep selling its shares.

For the full article, follow the link.

Hilarity of the Day: China Telling US to Sell Gold To Balance Budget and Reduce Trade Deficit. Hahahahahaha...

Saw the link at Mish Shedlock's blogsite. The linked article (at Bloomberg) says:

The U.S. should cut its government spending and sell some gold reserves to balance its budget and fund its recovery, the People’s Daily overseas edition reported, citing Xia Bin, an adviser to the People’s Bank of China.

The U.S. has to resolve its “twin deficits” in the government budget and the current account, Xia was quoted as saying. Three ways that may help the U.S. achieve that target include reducing military expenses, selling part of its gold reserves and relaxing some export limits on technology, he said.

“The U.S. has more than 8,000 tons of gold reserves; why can’t it sell some of it since the country wants to raise funds for economic recovery but doesn’t want to add more burden to the fiscal deficit,” Xia told the newspaper. He didn’t mention whether China would be willing to purchase any gold from the U.S.

Well let's see.

The US is supposed to have 8,000 tons of gold.

1 ton equals 32,150 troy ounces.

8,000 tons equal 257,200,000 troy ounces.

With gold price at $1,360, that would be worth $349,792,000,000.

About $350 billion.

Do you know the budget deficit of the Obama government this year alone?

$1.3 trillion.

Do you know the national debt amount?

It is fast approaching $14 trillion, and that doesn't even count the unfunded obligations.

I don't think so, Mr. Xia. Selling gold wouldn't do a batsh-t to deficit reduction. As to the current account deficit, I know a good way to erase that deficit, and that is for the US to stop buying junks from your country.

Well, looking at the mob scenes on this Black Friday, I guess I'm just kidding myself...

Thursday, November 25, 2010

Thanksgiving Thoughts: Pilgrims Were Forced to Be Socialists By a Group of Wealthy English Investors!

That's a bit of info I picked up on the Thanksgiving Day this year.

I was going to re-post the last year's Thanksgiving Day post, about how the Pilgrims finally ditched "socialism" and embraced capitalism, to the benefit of all. The article cited in that post, "Great Thanksgiving Hoax", was from Ludwig von Mises Institute, and was written by Richard J. Maybury in 1985.

And no, Ms. Kate Zernike of New York Times, it is not the tea party propaganda. But she seems to like to reduce everything down to a right-wing propaganda or left-wing propaganda, a very cynical approach befitting certain Gen-Xer writers. (For more about her, here's what Andrew Breitbart had to say about her back in February this year.)

The Pilgrims became "socialists" not by choice but under the contract with big investors.

From Politizoid:

You might be surprised to know that the Pilgrims attempted to implement socialism. Of all the people in the world, it should have worked with them. They were a small, close-knit community united by a common religious and philosophical foundation as evidence by the Mayflower Compact, and yet their “communal service” experiment failed as all forms of socialism have done throughout history.

To be fair to the Pilgrims, it was not exactly their plan. Funded by a group of investors, they were contractually obligated to follow their benefactors’ blueprint for the settlement which included holding all things in common and sharing equally in the proceeds of their labor.

William Bradford, the second governor of the Plymouth Colony, describes this economic plan as a complete disaster in his History of the Plymouth Settlement. All produce was taken into a common storehouse where food rations were based on what people truly needed. At the same time, everyone was expected to work hard.

One minor problem, there was no motivation to work.

... The harvest of 1621 produced enough food to host the first Thanksgiving, but food soon became scare again. The 1622 harvest was even more disappointing, and starvation became the norm.

After three years of failure, they were forced to abandon their investors’ communal plan. It was a matter of life and death. There simply was not enough food to survive. The colony leaders finally decided to assign each family a plot of land and allowed every man to plant corn for his own household. ...

And America never looked back. Soon, the harvest was so plentiful that they started to export. No one went hungry.

Here's the link to my 2009 Thanksgiving post.

Happy Thanksgiving, and please remember never to follow, ever, the direction given by the big business or the big government. The pilgrims tried to adhere to their contractual obligations almost to their ruin and death. They finally realized enough was enough, and ditched the contract. Don't believe people in power who claim to know what's good for the rest of us.

(Hmmm. It sounds familiar... Underwater homeowners trying to keep paying the mortgages to the banks who ripped them off by inflating the property value and snared them with loose underwriting and then allegedly sold the mortgages to tax-shelter trusts to issue mortgage-backed securities to dupe investors like pension funds, although more evidence has begun to surface that these mortgage-backed securities have no mortgages that back them, because the banks didn't actually transferred the mortgages to the trust. The homeowners act like a responsible citizen who feels bound by the contract, while the banks have no problem ignoring the contract. When will be the "enough is enough" moment? Ever?)

Wednesday, November 24, 2010

The Day the Dollar Died

December 19, 2012. 8:00 AM, New York Stock Exchange. It's a cold breezy day on Wall Street, as markets await the Federal Reserve's announcement for QE4...

8:19 AM, Beijing. Chinese officials announce that they can no longer allow Washington to devalue their holdings. "China has no choice but to stop purchasing US Treasuries..."

A futuristic, depressingly realistic video by National Inflation Association.

(S&P500 Index should be 2530, instead of 1530... Gotcha.)

The most depressing scene in the video is Obama making a press conference as the President of the United States as of December 19, 2012. I hope NIA is wrong about this.

Japanese TV Does TSA

From Karl Denninger's Market Ticker.

We are the butt joke of Japanese television.

Tuesday, November 23, 2010

SEC Probe on Insider Trading Is Getting Interesting

At first I thought it was nothing more than a "wag the dog" operation by the SEC to divert public attention from a much bigger mess (mortgage/foreclosure fraud), but it may get traction as more prominent hedge funds get subpoenaed.

First, it was these smallish three on Monday:

Diamondback Capital Management ($5.8 billion assets in management)
Level Global Investors
Loch Capital Management ($2 billion assets in management)

Then today, much bigger funds got ensnared:

Janus Capital Group Inc. ($161 billion assets in management)
Wellington Management ($598 billion assets in management)
SAC Capital Advisers
Citadel Asset Management

Why is the SEC going after hedge funds? Fines of few million dollars? Peanuts. Or is the SEC using these funds as bait to catch much bigger fish on Wall Street?

Now, Zero Hedge's Tyler Durden, citing FOX's Gasparino, says Goldman Sachs may get roped into the insider trading probe, via Diamondback. Now we are talkin'....

However, as soon as the investigation gets close enough to Goldman Sachs, it will be inexplicably shut down, if the past is any indication, and we are supposed to forget anything about insider trading. By that time, the foreclosure fraud, securitization fraud, and mortgage fraud will be all forgotten. Oh, so it IS a "wag the dog" operation after all...

Ron Paul on TSA Sexual Abuse: Stand Up and Resist

If we tolerate this,” Paul said, “there’s something wrong with us.” He added that the American people deserve to be humiliated and demeaned by the government if they refuse to stand up and resist."

With TSA agents putting their hands under the passengers' pants, under their underwear, zipping down the kid's trousers, groping the baby's crotch, people are finally waking up (maybe, I hope) to the monstrocity that was created after 9/11 and has been nurtured by the government under Bush and Obama. It is Obama who has blown it out of proportion for some unexplicable reason, and here we are, being treated worse than terrorists in a procedure that purportedly helps us from terrorists. (I don't think TSA or anyone wants to molest Taliban or Al-Qaeda fighters in the crotch.)

Congressman Ron Paul sure hopes so too, that people are waking up. In his interview with Alex Jones, he said:

Paul said due to pervasive coverage of TSA abuses by the corporate media, the American people are now beginning to ask serious questions about government conduct.

“I think it’s a healthy wake-up call to a lot of Americans,” Paul told Jones. “I just hope they can work that in to the whole concept of what’s been going on with our country for a long time – the government is too big and intrusive and abuses our rights and they do the things the shouldn’t be doing and they forget about the things they were instructed to do.”

Paul said he has been subjected to the enhanced pat down, aka sexual assault, because he has metal on his knees. I wonder if TSA has the list of people to conduct this sexual assault on - anyone who's critical of the government in any way.

For the entire article at, click here.

I am still waiting for any feminist group to speak out against TSA's nude scanners and sexual assaults at the nation's airports. I am also waiting for the very first TSA employee to say no to molesting the total strangers.

North Korea Says South Korea Fired First

Well, well.

South Korea was conducting the military exercise in the area when the shelling started. Obama has just returned from Asia; Korea was the second to last stop, for G20. The Secretary of State Hillary Clinton was in Asia for a very long time; she left the US before the November election.

(What were they doing, particularly Hillary Clinton?)

The South Korean president Lee Myung-bak is in need of a boost to his popularity which has been flagging.

(BTW, Lee was born in Japan of Korean parents. Looking at his picture, he looks more North Korean than South Korean...)

From Reuters:

Nov 23 (Reuters) - South Korea said it was conducting regular military drills off the west coast before North Korea started firing dozens of shells, but that its firing exercises did not aim to the North.

"We were conducting usual military drills and our test shots were aimed toward the west, not the north," a South Korean military official said.

North Korea said on Tuesday that Seoul had initiated firing of shells, prompting it to take an instant military action.

Are we about to see a proxy war on Korean Peninsula again? North Korea/China vs South Korea/US?

Monday, November 22, 2010

ALERT: North Korea Artillery Fire Hits South Korean Island

(UPDATE) Japan's Nikkei Shinbun reports that North Korea fired more than 200 artillery shells, and in response South Korea fired back about 80.


From Reuters, on Tue Nov 23, 2010 1:22am EST:

North Korea on Tuesday fired dozens of artillery shells at a South Korean island, setting buildings on fire and prompting a return fire by the South, Seoul's military and media reports said.

Seoul's YTN television quoted a witness as saying 60 to 70 houses were on fire after the shelling.

The military confirmed the exchange of firing, without providing more details.

According to Japan's Yomiuri Shinbun, the attack happened around 2:30 PM local time on November 23 (9:30 PM PST, November 22, or 12:30 AM EST, November 23).

Asian stock markets have dropped on the news. US stock futures have done the same. Dow futures down 75, S&P500 futures down 9.30, Nasdaq 100 futures down 13.50.

US dollar is rising sharply against Japanese yen, and gold has reversed the decline.

Sunday, November 21, 2010

Matt Taibbi on Foreclosuregate: MSNBC Interview

"Bernie Madoff went to jail because he ripped off rich people..."

TSA Horror Stories Mount

TSA Groping Leaves Bladder Cancer Survivor Humiliated and Covered In Urine

San Diego man arrested after refusing TSA's naked scan and pat-downs and taking off his clothes except his briefs

An elementary school teacher was scanned AND patted down heavily because of a tissue and a hair band in her pocket.

I should say we are finally starting to hear about them now, though they've been out there for us to see if we wanted to ever since TSA came into existence in 2001.

This young mother had her toddler son taken away by the TSA agent in Atlanta to be searched, because his pacifier set off the alarm.

I already posted the Prez reaction to TSA sex crime. He says he "understands", and he says he already "told the U.S. Transportation Security Administration: "You have to constantly refine and measure whether what we're doing is the only way to assure the American people's safety. And you also have to think through, are there ways of doing it that are less intrusive."

And he's happy with the TSA's answer that there are no such ways. So he lectured and asked questions. Oh how professor-like, or attorney-like... Oh wait, he was.