A man-made disaster of epic proportions, I think we better start getting used to the idea that the leak currently hemorrhaging oil deep in the Gulf of Mexico may never be plugged.
I expect that soon BP will throw up their hands and simply walk away. Taking a page from the Wit and Wisdom of Lloyd Blankfein, BP will announce “We did our best, this tragedy is now in the hands of God.” And of course the Gov will “take charge” of the disaster, and the money of course will come out of your pocket.
There will be no recourse for We the People. Just like Wall Street, the Oilcos have engineered the law so that they will be untouchable.
Up to this point, BP has presented what in this age of centrally controlled media looks like a good faith effort. In fact it appears to cynics like me that every move they make is only to cover their ass. Corporate controlled media will make the case for their cronies offering the valuable assistance of helping form public opinion. Expect the slant from Faux Nooze(tm) et al along the lines of “If this is the Good Lord”s will, what you going to do?”
Obama will continue as an ineffectual figurehead who will make the right noises to keep the tongue clicking to a minimum. Meanwhile he will continue to reward Corporate America with the riches they so deserve. He might even get re-elected.
Meanwhile, Louisiana continues to get treated like a prison bitch.
The MSM has successfully done .gov’s dirty work for lo these many years. Their valuable assistance? Framing the debate (aka “true lies”). Through their controlled channels, anything the kleptocrats don’t want to get through, doesn’t. Alternative voices with better solutions that would benefit taxpayers never even have a chance to get on camera.
Obamacare was framed for the benefit the insurance companies and big pharma. Invasion of Iraq and Afghanistan were framed to benefit military contractors and oilcos. TARP was to save capitalism (heh, well your 401k, but actually banker bonuses).
This past weekend’s ECB bailout (I dub it TARP Deux: We have a Bazooka II) is a reaction to keeping the entire worldwide economy from going tilt. Not exactly a positive purpose- borrowing money to pay off bad debts just can’t be good for anyone, ultimately. But the market doesn’t seem think so, for now.
Next up: entitlement programs.
The entitlement program debate is- haven’t you heard?– that Soc Sec and Medicare are going broke. Soon. So, good people of these United States, you’re going to have to cut back your expectations because obviously the ONLY solution is to cut these programs back. Or maybe eliminate them entirely.
Oh and by the way, .gov fully intends to confiscate your 401k and IRA too, in order to pay out what they can. It’s okay if you have to eat dog food (hey, aren’t you a patriot?), but why should retired .gov employees have to suffer like you, after having sacrificed a chance to make it rich in the private sector in order to toil in the public sector.
This video does a nice job of revealing how they operate, it is kind of an inside look at how kleptocrats and their cronies work in tandem to rob you.
Yes, as the Washington Post reports, the United States government announced today that there will be no penalties whatsoever for the lawyers who were ordered by their superiors, George Bush and Dick Cheney, to write memos “justifying” the tortures that Bush and Cheney wanted to unleash upon captives held indefinitely without charges, without evidence, without trial, without rights.
Dick Cheney has openly confessed to instructing his pathetic little minions, his nasty little modern-day Vyshinksys, John Yoo and Jay Bybee, to write the scraps of paper of twisted legalese meant to pre-emptively exonerate the top officials of the United States government for the unambiguously criminal actions they were to inflict upon their uncharged, untried prisoners — some of whom had actually been purchased, like slaves, from traffickers in human bodies — around the world. Cheney boasts openly of supporting and facilitating torture techniques — such as waterboarding — which have historically been prosecuted as high crimes by American authorities, and are, in fact, capital crimes under the laws of the United States today.
But on Friday, February 19, 2010, the administration of President Barack Obama declared that not only will it not prosecute the avowed and boastful perpetrators and accomplices of the capital crime of torture, it will not impose even the mildest of administrative or professional reprimands upon them. For the foulest of tortures, reaching even to murder, the government of the United States will do nothing: no investigation, no prosecution, no penalty.
I have run out of words to describe how vile this is. The mind recoils against fully comprehending the moral depravity of our leaders — and the reeking stench of their pious hypocrisy.
[ Chris Floyd ]
If you read this report from last week, Federal Reserve earned $45 billion in 2009, did it not occur to you that the way the Fed, Inc. does mathematics that the Fed, Inc. can’t won’t ever show a loss?
Of course not. That would go against their carefully cultivated air of mystery- as well as the pope’s (oopsy) Fed, Inc. chairman’s infallibility.
Currently, with a TRILLION DOLLARS of assets on the books, should these glorified bean-counters be forced (by who? the Fed, Inc.? Buhuhaha) to mark-to-market right now they might show a $500 BILLION DOLLAR loss.
So $45 BILLION is net negative.
By a large chunk.
Over the last 100 years the Fed, Inc. has used our money like it was their own. They’ve seeded the dismal science with thousands of bought-and-paid-for minions to spread the word and saturated the media with nodding adherents to give testimony. Gently whispering in the public’s collective ear that ‘we really really know what we are doing, really‘ when evidence to the contrary is all around, in triplicate (if they “would just freaking open their eyes” -Mish¹).
Ever wonder why the FOMC meets in private?
If the public saw the dressing gowns these financial tarts doll themselves up in for their by-invitation-only FOMC meetings (“money balls”) their authority would crash overnight.
Where’s a pap when you really need one?
The Fed, Inc. has been responsible for the Great Depression, dozens of recessions before and since, and is the sole architect and responsible party of THIS WORLD’s current predicament through the policy of easy money.
They desperately want everyone to believe they are IN CONTROL of the situation, but in fact they are out of control²… and this next one might be the one that does us- and them- in.
“There is no possible regulation that can stop a credit binge brought about by cheap money and fractional reserve lending that enabled Fannie Mae and Freddie Mac to borrow money into existence at will.
“Remember that the Fed that could not see there was a bubble, could not see there was a recession coming, and thought at numerous points along the way that the mess was “contained”. Even if regulation would have helped, the Fed was oblivious at the time. How can regulation help, when you cannot spot obvious bubbles?”
“Not only did the Fed enable the credit bubble, it blew the policy response. All it takes to prove that is another stock market plunge and credit crunch.”
“It remains true that the greatest injustices proceed from those who pursue excess, not from those who are driven by necessity.” -Aristotle
The expense scandal in the UK has resulted in a few token resignations:
First, Jaqui Smith:
Most damagingly, she faced the humiliating disclosure that her husband claimed for pay-per-view pornographic films on her Commons expenses. It has also been revealed that she claimed for items including a barbeque and a butt-plug.
Now for the rest:
Penny-ante sneak thieves claiming phantom expenses for as little a few pounds. Tsk-tsk.
You know your country is FUCKED when even crooked politicians have no outsize ambition.
Give me Huey Long any day over these pikers.
“In a time of universal deceit, telling the truth becomes a revolutionary act.” — George Orwell