The Looking Mirror Avoided

“For example (and thanks to Doug Korty for this point), the total deficits of the federal government from 1950 to 2009 were $6.6 trillion. During those years, three Republican presidents (Ronald Reagan, George H. W. Bush, and George W. Bush) accounted for the vast majority of those deficits. All the other presidents (Harry Truman, Dwight Eisenhower, John F. Kennedy, Lyndon Johnson, Richard Nixon, Gerald Ford, Jimmy Carter, and Bill Clinton) combined accounted for a small fraction only. The three deficit-happy Republican presidents were the most conservative and subservient to major capitalists interests. They all increased spending (chiefly for military and counter-crisis purposes) while cutting taxes (especially for corporations and the richest individuals). Such policies forced huge federal deficits and rapid national debt hikes. The Obama administration ran very large deficits and boosted the national debt through stimulus outlays and costly wars without offsetting tax increases.”

-From the chapter Capitalism, Democracy, and Elections (2013), Richard Wolff’s book: “Capitalism’s Crisis Deepens”

Keep that in mind the next time you vote for someone on account of your taxes, your debts, Her emails, your general nonsense of living as an #americant soothed by pharmaceuticals and/or Disney and/or the lie of the mind that is your hope and desire of exceptional-ism. And now. Go buy something.

Rant on. And. Good luck suckers.

-T

The First Casualty Of The War Of The Lie Of Your Mind On Steroids Times 65 Gazillion But Don’t Worry Your House Of Cards Is Still Standing

What is the first casualty of war, dear worst-reader? That’s right. The truth. Ever wonder how all those bankers, especially the pions that do all the work for banks and Wall Street, how they think about the lies they are telling? Obviously they justify what they do with the knowledge that they are, indeed, at war. Ever see traders trade on the floor of a stock exchange? Ever have trouble paying your mortgage? Ever wonder why you’re kids will have even less than you? It’s kinda like war. Am I wrong?

In order to get one of those jobs on either Wall Street or whatever surrogate Wall Street city around the world, you have to have the credential of an edumacation. If that’s the case, what are all those pions thinking based on that expensive edumacation as they  tell lies, make lies, lying, lying, lying? The answer? Nothing. They are either living the WAR dream or they are out to coffee. The only thing their edumacation taught them was to NOT think (for themselves) and then behave to the point of having a compulsive disorder. It’s called a career. A career at war for peace?

Orwell anyone? Nomatter.

There is one thing that gets under my gander when thinking about the mess I have to live in that is the byproduct of a financialized (speculative) world. At the end of 2007, as banks were on the verge of world-wide collapse and the US government decided to intervene in their demise and save them by further looting the US treasury (not unlike it had already been looted to make war mongers even richer by fighting empire protecting oil wars), what were these banks doing that got them into such trouble? The answer: debt. But I don’t want to get into that here. It’s a big can of worms to open, this thing called debt. What I want to get into is one of the minor details of the fail-upward world that is present day #americant, #eurowasteland, etc.

When the US government let Lehmann Brothers fail, it did so because, of all the banks that were complicit in the mess, Lehmann was the one with the most lies to be revealed. Those lies had to be protected at all costs. At least that’s my best guess as to why the US government bailed out Goldman Sachs instead. (Other than the fact that Lehmann didn’t have as many cronies working in revolving-door government.) But what are the lies that Lehmann Brothers told? My worst-guess is, they lied about everything. No. Seriously. EVERYTHING. Where Goldman & Co (and all other banks that were bailed out) lied about (let’s say) half of their business, Lehmann lied about everything. In fact, their business was the lie. If Lehmann would have failed under out-of-control circumstances, i.e. the economy would have crashed after dipshit Dubya left office and the funny man with the big ears took over, then the lies that made up so much of bank’s businesses would eventually have to be revealed. Indeed. The government bail out of fail-upward banks was literally a culling of the herd–to protect the rest–and to make sure there is no truth.

Which brings me to Wells Fargo. I follow this bank once-a-once by reading through my news feeds. I do so because this is the most interesting lie-bank that’s out there right now. The other week headlines appeared about WF but this time it wasn’t about just a few million fake accounts, which is the scandal they’ve been involved in for years. This time it was about how the first lie wasn’t enough. That is the lie wasn’t big enough. They needed a way to increase the lie. Only in #americant, eh baby.

But before I’m off topic.

The original number of fraudulent bank accounts at WF was X. Or was it? Actually the real number is Y. Y is at least double that of X. And now let me bring this worst-post back to Lehmann Brothers and the great recession/crash of 2007. To me, dear worst-reader, WF is not unlike LB (Lehmann Brothers). The difference is, the government can’t make WF collapse overnight and then just go away (which is exactly what it did with LB). The reason WF can’t collapse overnight is because, well, it’s actually a retail bank and there are a lot of people that have bank accounts with them and there are laws that protect those account holders. Which was not the case for the suckers at LB. Oh wait. Another reason WF can’t just be made to disappear. One of its largest stock holders is Warren Buffet.

As it turns out, the initial number of bank accounts that Wells Fargo lied about–that they created out of the blue in order to fraudulently increase their fees–has to be at least doubled. This is the same truth of, say, all banks on Wall Street–that the powers-that-be don’t want people to see. All of these banks who provide the lie of consumption and the reality of austerity, globalisation, etc., via credit and debt, especially those suckers in my beloved #americant, exist on a foundation that is a house of cards.

But I guess, since you probably have a college degree, you already knew that.

Now go buy something.

Rant on.

-T

Links that motivated this post:

Time To Celebrate Europe With French Vote? Not. Time For Some Lily Livered Lefties.

FDR Stahlin Churchill

What has #eurowasteland done for you lately, dear worst-reader? Well, the answer is simple. Nothing. Or. Put another way. At least it hasn’t given us another fcuking world war.

It behooves me to say something about recent farcical election in France–that so many are comparing to the recent farcical election of my beloved #americant but because of the results consider France’s a godsend. The problem for these and all current iterations of the acts of democracy is that Macron’s election is nothing if not a win for the status quo, i.e. political conservatism. That’s not to say that I was rooting for Le Pen. It’s just that, if anyone actually believes that Macron is gonna do anything to deal with what’s going on in Europe (the entire western world) right now… Come on.

As I noted in one of my previous worst-posts, I love France. Even though I live in the Germania partition of the joke that is #eurowasteland, France is my true love. Humanity owes a great debt to France becuase of what it did to useless eating monarchs. And let me not get started on monarchs! The fact that they are still around… And so. Here’s the thing about the sodom & gamorrah that we live in today:

Why is it when the down cylce of capitalism reaches this point, as it inevitably always does, there’s only one example in (our) history of (political) liberalism winning over conservatism to come out and save the day?

According to the krapp I’ve read about our history, that is, the result of the history that has made this greed-suck-world we are all forced to live in, only FDR stands out as an example of someone who saved the day? That’s right, dear worst-reader. FDR, who was not necassarily a liberal politician, realised during the great depression that there was only one way to fix things. Tax the fcuking rich! Ok. Ok. Did he stop America from entering the European war theatre? No. But, again, he taxed the fcuking rich and told them:

If you don’t pay they will come. They are standing outside your (rich) door right now with pitch forks and guillotines. They carry with them communism, socialism, the collective society that you and your faux newz fantasy despise. And if you let them win by gauging them of every last drop of their labor, you’re doomed–perhaps not unlike King Louis. And so my fellow rich brethren of European lore…

Indeed. FDR saved capitalism from the threat it had become (to itself). Of course, to payback the children of the capitalists that lost because of their game that culminated in The Great Depression, FDR graciously won WW2 and thereby supplanted Europe as a world power. By-the-bye, the children and grand-children of those loser capitalists are still running my beloved #americant today. Yeah, baby. We have become what we defeat–and then some.

Which brings me to this worst-post’s worst-question: whether it’s in my beloved US with comb-over-chief #Trump or the joke-island of Brexit, why is it that the movers & shakers of politics now ALL come from the extreme right of the political spectrum?

Link that motivated this post:

Rant on.

-t

Neofeudalism Defined For The Little Man? I Mean The Little Mind?

“Much as warlords seized land in the Norman Conquest and levied rent on subject populations (starting with the Domesday Book, the great land census of England and Wales ordered by William the Conqueror), so today’s financialized mode of warfare uses debt leverage and foreclosure to prey away land, natural resources and economic infrastructure. The commons are privatized by bondholders and bankers, gaining control of government and shifting taxes onto labor and small scale industry. Household accounts, corporate balance sheets and public budgets are earmarked increasingly to pay real estate rent, monopoly rent, interest and financial fees, and to bear the taxes shifted off rentier wealth. The rentier oligarchy makes itself into a hereditary aristocracy lording it over the population at large from gated communities that are the modern counterpart to medieval castles with their moats and parapets.

J Is For Junk Economics, Michael Hudson

Bold text worstwriter.

Rent on.

-t

Welcome To The Pseudo Science Of Your World, Your Pocket Book, Your Mind

j is for junk economics cover.jpg

Freedom? Ok. Let’s define it. (Long pause. Think. Continue pause.)

Money?

Travel?

Beauty & Fashion (as per Melania Trump’s RNC speech)?

In my quest to misunderstand this worst-world we must all live in, I periodically read a book or three about economics. Most of these books usually carry a bit of narration with them and leave out all the academic bullshit. That’s the only way I can get through them. This newest endeavour, though, is a bit different. For one, it doesn’t have much narration in it. It’s also a bit overly academic. I mean, it has X-Y charts and graphs that depict whatever it is the author tried to say using words–which, I guess, makes the imagery redundant. Or? Nomatter. There is something in this book that has saved it from ending up stuffed in the back of one of my bookshelves with a sad-face post-it note on its cover. Two-thirds of this book is a dictionary. And a pretty interesting dictionary at that. The rest of it is made up of various articles and essays by the author–most of which lost me because they were, well, too academic.

So me let me try that again. What the hell is freedom?

Answer: I have no fucking clue what freedom is.

From the day I was born to this very moment, other than spitting on a street and telling a teacher once how stupid s/he was, I have no idear what freedom is. And keep in mind, I was born and raised in #americant–you know, that city-on-hill where dreams come true and liberty reigns for all–i.e. as long as you have the money to pay for it. By the time I got to “F” in this pseudo-dictionary-book about the debacle that is today’s Economics, I was hoping that the author would define the word freedom for me. But he didn’t. Instead, Michael Hudson defines “free trade”, “free market” and “free lunch”. He also defines things like earned and unearned income. Then there’s his definition of productive vs. unproductive labor. Etc, etc. Of course he also defines Junk Economics, hence the title.

Michael Hudson goes through the whole economic alphabet and defines lots of other words by telling you what you think they mean–because of how you’ve heard or read about them, on, say, faux news or CNN or whatever it is you use to get informed about how fucked up the world is. And then he tells you what these words actually mean. In other words, according to what I got out of this book, Economics, per the author, is a pseudo-science. Ka-ching, baby!

Which brings me to my own little conclusion after reading this book:

Astrology ——-> Astronomy
Alchemy ———> Chemistry
Economics ——-> ????

The subtitle of this book is “A Guide to Reality in an Age of Deception”. Now, dear worst-reader, what could an #americant economics professor mean by that subtitle? Indeed. The thread that permeates this entire book is the simple fact that Americans are being fed pseudo-science when it comes to economics, just like mankind was fed Astrology as it tried to figure out why certain heads go bald, rain didn’t fall when it should or how come I work and don’t get nothing for it? I suppose some would call the words we hear about economics today Orwellian, which Hudson refers to at times. But others, present worst-writing company included, would call it: land of the free to be stupid. So I guess that’s what freedom means. Or?

One of the roots of all the problems of the world today is none other than the misuse of words. Hence, newspeak, doublespeak, Orwell, etc., should be at the top of anyone’s mind when s/he thinks finding answers is out there. Either that or it’s time to move on. Which brings me to one final question. As noted above, if the pseudo-science of Astrology lead to the science of Astronomy, where will/can the pseudo-science of Economics lead?

But I digress.

Rant on.

-T

Pathology 101: #Americant Greed Galore Times Three

Scream no fear all worst

Fascinating but winded article. I suppose that’s why writers for The New Yorker get paid the big bucks. With that in mind, the article linked to below is a doozy. Just when I thought Citizens United had created an ideological political Autobahn to hell paid for by the über-rich that would lead my beloved #ameircant straight to…, here comes a new twist on reality. Not only are rational minds the world over competing with the batshittery of American (1) conservatives and (2) religious nut jobs, but there’s now a third beast to deal with. Indeed. Imagine a boxing match where it’s two against one. Then, suddenly, a third boxer joins the other two. That’s right, dear worst-reader. There are three beasts fighting against one. All three have one thing in common: political conservatism.

  • money greed (old money inherited, protected, etc.)
  • religious greed (tax free mega churches and pastor jets, etc.)
  • new rich (dotcom cracks, hedge fund instant winners, etc.)

Although a few truth seekers out there have mentioned the fact that America’s wealthy are pretty much socially and amorally pathological at this point in our history, the article linked below may provide a bit more info about how this came to be. The rich man written about is, at least for me, the scariest character yet in this freakshow. Scarier than the Koch brothers, scarier than wannabe Ronald Reagan, scarier seven hundred clubs, scarier than Rush, etc., etc.

For the life of me, I can’t figure out why the mind’s of rich people get so cracked and damaged to make them think this way. But then again, what the fuck do I care. #Americant is getting what it deserves. Or?

Good luck suckers.

Rant on.

-t

Link that motivated this post:

The reclusive hedge fund tycoon | The New Yorker

Hammer Sickle Podcast

fourth international.png

Listening to comrade Wolff again. Luv this nutty professor. And that says a lot. Of all the teachers I’ve had in this (my) useless-eater life, few (if any) teachers have left an impression on me. And that’s an odd thing to admit if you consider the fact that by the time I was finished with college I had finally figured out what I wanted to do. Yeah. I wanted actually be one of them–one of the ones who fails to leave an impression on someone. Yeah, I thought, be a teacher and you can have three months out of the year off to smoke weed and maybe learn how to sail (a dinghy). Of course. Having been reared in #americant, in suburban hell, it didn’t matter that I knew what the future held. I knew it held what we have now. Boy do I feel sorry for teachers. What a bunch of shmucks. Talk about getting duped. Now they all have to work those off months in order to pay their (land)lords all those serfdom-fees. But I digress.

Today’s podcast, dear worst-reader, covers four things.

  1. Health Care, aka Obamacare
  2. Banking and Finance
  3. Pension looting
  4. Subsidizing Religion

Of the four issue covered by comrade/professor Wolff, the fourth is the funniest. That fact that #americants tolerate the free-ride given to “churches” (they don’t pay any tax) and yet can’t find ways to finance education says a lot. Obviously the other issues covered are funny, as well. But then again: the podcast featured has nothing to do with comedy. Or does it?

Listening to a winded professor try to explain to #americants what capitalism is–and more importantly how it’s failed everyone–just seems like such a mute issue that one can’t help but laugh/giggle. Or? Still. With that in mind, it’s fascinating how the professor does such a great job explaining it all. I suppose that’s due to his ability to be so obviously partisan. I don’t mean partisan in a Dem vs Repub way. He’s partisan in a truth vs lie way. And that should be a good thing. Well, I suppose it would be good if the professor didn’t come across as a comrade. But, again, I digress.

Hail the fourth international. Or maybe not.

At this point, I should probably provide a warning. Be careful if you listen to what the professor/comrade has to say. Or should I say: Danger Something Might Be Learned.

Rant on. -Tommi

Links that motivated this post which includes a podcast: