Understanding War Econ

And yet another worst-link of the day requiring some but minimal worst-attention.

Link:

http://www.zerohedge.com/news/2014-01-27/bundesbanks-stunner-broke-eurozone-nations-first-bail-your-rich-citizens

Ok. Dear worst-reader, worst-writer will now come forth to be honest regarding choice of links posted here. I do not actually read zerohedge.com on a regular basis. I skim it every once-a-once. The link above is the second one I’m linking to in a matter of days. The thing is, I have a friend or three that read zerohedge regularly along with MarketWatch, WSJ, FT, etc. and they all seem to enjoy sending me all this business stuff because they know that I know nothing about it but am better than most and as entertaining as some when it comes to spewing bullshit. Also, since I’m usually the counter part yelling and screaming at these “business” minded individuals about the fact that they have to stop corroding their minds by ONLY reading stuff about business and economics, you know, read some Shakespeare or something, they are doubly entertained. That said… I thought it time to start including some of my responses to these knuckleheads.

Dear worst-friends who read too much econ and business websites. Worstwriter personalities think of too many things at once when you send me articles like this (see URL above). For example, worst-personality-1 can’t help but associate world Econ crisis with ww2. Worst-personality-2 thinks in more modern terms. So for the sake of shortness (not little people) let’s try and respond to 1 and see where that leads. (2 is probably too boring and I’m already bored responding to you guys.)

The issue and or question sent to me along with the link (above) was about whether or not the EU was going to go down the path of war mongering (like the US has done) in order to deal with its debt crisis. My response was thus:

The short term issue about propping up debt ridden countries is not about wars. If anything the current banking reaction is actually about 1929. If you recall, and things are very similar today, there was a huge amount of speculative wealth lost across the board at the outset of the depression but more importantly, there were alternative political systems waiting in the wings to decided upon democratically. Many people FALSELY believe that world war 2 is what saved the economy (maybe this is your association to war). But what really saved the world economy turned out to be government policy that favored big banks. Hence Roosevelt’s policies, today ridiculed by conservative whack jobs, were in reality the catalyst that would lead to the crazed greed voodoo economics 35yrs later, i.e. Reaganomics. Roosevelt saved political conservatism because he got the banks, through their fractional banking trickery, to get money to the confused voting public! All American whack jobs should be more respectful. That said and before I get too far off topic…

Read the zerohedge.com article (see URL at top of post) and my impression is that some rational thinking bankers, i.e. bankers that are not propping up war machines and/or consumer debt laden societies that have politically weaned their economies of manufacturing and thereby sold their souls to the Anglo-Saxon speculation god, (Greece, Spain, Italy, etc) need to find ways to redistribute national wealth before begging for handouts to cover the empty pockets those nationalists actually stole from (Greece and Spain great example here). Again, what conservatives truly feared from the depression was the onslaught of a public that would hold them accountable while communism was waiting in the wings. European bankers led by the Germans know this very well. The European debt crisis will not be solved by redistributing wealth from Germany to the debt laden Anglo-Saxon bank driven countries. So maybe it’s time to rouse Das Volk another way.

Rant on.

-tgs-

Millenial Essence

Article to read and worst-write about:

http://www.zerohedge.com/news/2014-01-20/retail-death-rattle

Best worst-quote from above URL:

“The country is being kept afloat on an ocean of debt and delusional belief in the power of central bankers to steer this ship through a sea of icebergs just below the surface.”

There are moments, believe it or not, where even worstwriter, dear worst-reader, is astonished at how the platitudes, placative nature and vehemence can all combine so gallantly with willful ignorance, blind arrogance and the lust for bullshit. Which brings me to the worst-question motivated today: if there are people smart enough to write these kinds of articles (see URL above), how come they always seem to miss the essence of what they are addressing?

But worstwriter, what do you mean by “essence”?

Indeed. Worstwriter must take issue with zerohedge.com, a financial weblog penned mostly by the wondrous but invisible Tyler Durden. Durden, btw, is a character from a movie. And not just any character. Durden is the perverted alter-ego of a very confused and wannabe careerists automaton. But I suppose that’s neither here nor there. See the movie Fight Club. The article is not only over the top but it’s also under the bottom–so referencing ships at sea and the potential of icebergs is a mute issue. This weblog post is typical of the mentality of so many who are unable to grasp and cope with reality. I will go out on a worst-limb here, too. Usually the persons that can’t grasp the reality that they live in are those who participate in it (for whatever reason). A cruel irony, perhaps. And because of that Volk like Durden takes the point of view of the blame game–I’m sure much to the chagrin of his counterpart either from the book or the movie. (Again. That’s neither here or there.) There’s one thread, though, that permeates zerohedge.com and many bitch&moan weblogs out there: It’s called THE BLAME GAME. Oh yeah. That’s right. I said it.

The blame game is indeed that commonplace that so many pseudo-millennial-intellectuals meet these days in the land of the free-to-be-stupid. I’m so bored of people blaming consumption and the banks and the fed… Where the fuck were all these people (including millennials, x-geners, and late baby-boomers, i.e. all those participating in consume-to-survive society) twenty years ago?! Where were all these people when America decided to spend 2 trillion on wars (that no one has even begun to pay for yet)? Every-time I hear someone bitch about “the fed” I can’t help but giggle and picture all these people with their over-sized, over-expensive paper cups of mocca from evil-corporate overloard coffee brewers. With that in mind. Has anyone ever considered THE FACT that the current Fed-imposed inflation, which thereby diminishes earnings and living standards, is probably the only way to save the shebang from total collapse? And yet some one wants to bitch about retail space as though such a business endeavor in a sea of rotten business endeavors would actually make any difference? And so. Let’s get to the ESSENCE, dear wort-reader.

With a few more years of Federal Reserve and to-big-to-fail banking manipulation AND inflation maybe the US could finally begin the process of turning things around. Of course the real joke, on those who are incapable of grasping ESSENCE is this: It’s obvious that in this current economic situation no other country (like Russia or China or India or all of South America) sees the economic vacuum currently in place. Countries should be taking advantage of this and try moving ahead or at least catch up to the US and Europe. But everybody just sits around like they always have. Which brings worstwriter to yet another ESSENCE: human nature and the want of serfdom. There were and are ways to avoid the situation we are in but no one – NO ONE – is willing to make the political sacrifice.

Oh well. Blame iGadget, the Fed, retail space,… ESSENCE.

Whatever.

Rant on.
-TGS-

Papa Bear Tech Hug

First post in 2014. Happy worst-new-year! Now. On to the more important worst-stuff.

Don’t you just wanna hug this guy! For worstWriter, Kim Dotcom, aka Kim Schmitz from Kiel, is a rare case of self-aggrandisement that is A-OK. I really luv this guy. Reason? No matter what he does, no matter what drives him, he always seems real and authentic. At least to me he seems real. Real as in, you know, you really do see what you get. I guess it’s the German in him. And believe me, under the right circustance, you couldn’t help but sit down and have a cold one with this guy. So what if he stands in front of a yacht on the shoreline and dances around. Or he circles his Mercedes while carrying a high powered rifle. Big deal. He’s just a geek and I’ll bet he’s a damn friendly one. So let’s all try and get together and have a Bier und Bratwurst with Kim. Hugs everywhere. Obviously he’s gotta lot to hug. Wouldn’t that be cool!

But that’s not what I wanted to blog about today, dear worst-reader. This tech geek from Kiel made it on to 60 Minutes. That’s a pretty big deal. Even if the TV news hour is trying to make Kim look like a bad guy, hats off to Dotcom once again. This guy rocks. Although if you watch the vid you might get the feeling that after being raided at the behest of the greed mongering film industry, that was able to purchase some extravagent over-reach by hiring national police entities, as though government has never been at the beck-n-call of profiteers (just look at the US military fighting for oil company profits), that a bit of humility and fear might just tame a once wild soul. Golly, I hope not.

Rejectd by his home country, Germany (and they will never realize what they’ve lost), Kim Dotcom is out there doing stuff. And he’s deserves credit for it. Sure, it might be better if he did stuff that didn’t evolve around file sharing, but since he can’t seem to let that go,  why not let him run with it. Wait. What am I saying? As though it would even matter if worstWriter said anything about file sharing or Kim Dotcom. But here’s the thing. Kim Dotcom is worth admiring because, unlike other file sharing technology, he was and is blatant about trying to make a buck on it. Which makes sense and you would think that the movie industry would/could try to learn from him about how to actually get their digital world in order instead of maintaining the status quo where renting videos or copying vinyl onto cassette tapes is as advanced as things should get.

Oh well. Why do the authorities and greed mongers try and squash Kim? This reminds me so much of those days when Microsoft bitched & moaned about how its first few versions of Windows were pirated like there was no tomorrow. And yet without all that piracy Windows would have never made it on half the computers being used in basements all across American’t. Which means the reality is Microsoft actually gained from piracy and it didn’t lose. Which also means, well, we’re not really dealing with piracy, per se. And it’s especially not stealing–as the police entities for hire at the behest of movie moguls would like people to think. Again. Sharing is not stealing. Duplicating something is not stealing. And. According to this article, in 2013 Hollywood raked-in over $10b for its mostly mindless, two-hour take-me-away cinemotography. Of those billions in revenues, they (the powers that be) also claim that $500m was lost to illegal downloads. What a crock of shit, eh.

2014-01-09 14.16.15

The real thing is, the $500m Hollywood claims to have lost to the likes of Kim Dotcom or Pirate Bay, etc., is fiction. It’s a lie. The people that duplicate and share digital media are being wrongly targeted and all because the fuddy-duddies and greed mongers of the status quo are incapable of actually learning from people like Kim Dotcom. You can’t lose $500m to people who wouldn’t have paid for the krapp in the first place.

Rant on.

-Tommi