A Magic (Norwegian) Hat

One of our more talented (or tiresome) polytricksters has come into possession of a Magic (Norwegian) Hat. All we have to do, is to ask him to tap his hat and we would get all the rabbits (or green peaces of paper) we could possibly want.

I’m convinced, that, this is the way to salvation as rabbits surely surpass our revered leaders in all things rabbity.

Al-Qaeda to rescue

We could never accuse the blogosphere of being dull.

Now that the country is all but officially bankrupt, the ruling class in tatters, and the mask is off the IMF – some bloggers think its high time to try something radically different – such as asking the Al-Qaeda for help.

The crisis: a year on

After the economic collapse and a year of corruption revelations, not a single kleptocrat has been arrested.

Do we simply have to take Herbert Marcuse’s quote as given, that, “Law and order are everywhere the law and order which protect the established hierarchy.” ?

The new rules of news – Dan Gillmor

“You may have noticed – you could hardly miss it – the blizzard of anniversary stories last month about the fall of Lehman Brothers, an event that helped spark last year’s financial meltdown. The coverage reminded me that journalists failed to do their jobs before last year’s crisis emerged, and have continued to fail since then.

It also reminds me of a few pet peeves about the way traditional journalists operate. So here’s a list of 22 things, not in any particular order, that I’d insist upon if I ran a news organization.” guardian.co.uk

Who pays for corporate welfare?

¿eres tú?
bist du es?
är det du?
is it you?
sei tu?
??? ???
????? ?????;
size nedir?
to ty?
ni wewe?
?? ?? ????

The Ig Nobel awards

ECONOMICS PRIZE: The directors, executives, and auditors of four Icelandic banks — Kaupthing Bank, Landsbanki, Glitnir Bank, and Central Bank of Iceland — for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa — and for demonstrating that similar things can be done to an entire national economy.

Ig Nobel

Surviving the Cataclysm

Webster Griffin Tarpley predicted our current economic meltdown in his book Surviving the Cataclysm (1999). In this second edition he continues his analysis of the “globalized hot money casino run by a tiny financier oligarchy”.

Tarpley calls for “wiping out derivatives, banning foreclosures, and nationalizing the failed Federal Reserve System”.


US Banker’s Magazine, Aug. 25, 1924. (attributed)

“Capital must protect itself in every possible manner by combination and legislation. Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible.

When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world. By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance.

Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished.”

while on the banks …

In times of turmoil and uncertainty it can be helpful to remember what historians and philosophers have said.

Will Durant wrote. “Civilization is a stream with banks. The stream is sometimes filled with blood from people killing, stealing, shouting, and doing the things historians usually record, while on the banks, unnoticed, people build homes, make love, raise children, sing songs, write poetry, and even whittle statues.”

And Krishnamurti said “It is no measure of health to be well adjusted to a profoundly sick society.”

Corporate welfare

It was heartwarming to observe the first reactions of the transnational corporate giants that have graced our country with their industrious presence, to the suggestion that they might help in restoring an economically failed nation.

However, do to the harsh realities in the international markets (and this and that and the other) this was not a viable proposition in the current time frame. I must inform you, that this totally inconsiderate suggestion originated from a leftist MP, – and we all know that communists have no heart.

It will thus be up to the poor widow’s offering to manage the restorations.

The Silence of the Web

The latest trend in our ‘democratic’ and ‘crime free’ society is the hostility expressed towards bloggers / reporters. The self appointed ‘elite’, financial or otherwise, id est those who have acceptable opinions are mightily indignant over inappropriate comments and leaks in the bogger sphere and want it stopped. The old tools they are so grief-stricken for are the mass media, proper academics and of course their legal technicians (as they are now called).

I my self find Chomsky’s explanations illuminating when he writes: “The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum – even encourage the more critical and dissident views. That gives people the sense that there’s free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate.”

Joseph Stiglitz

Joseph Stiglitz will be here over the weekend.

Is he a true insider convert from the past or is he just trying to restore faith in his masters? – The Central bank didn’t listen to him in 2001, maybe it should have?

Until then take a look at this.
Market Fundamentalism Is Dead
Or this Greg Palast report for BBC Newsnight

Finally his lecture here (not omf)

Hells Angels

We are mightily blessed. – Hells Angels are in town taking over the last remnants of this godforsaken country that wasn’t already in the hands of angels.
However, while the authorities have no difficulty in identifying the former, a leather vest and a Harley, they seem somewhat disabled in recognizing the latter, a suit (white shirt and a tie) and a luxury SUVs.?

Scroll to Top