Folly

The Sorrows of Pension funds

ModernSlave

 

Having lost humongous amounts of money in investments in the bank folly and now in oil-exploration, – the “only” way-out is to raise the retirement age to 70, – when most of our neighbours retire at 65.

This is our manufactured consent, needing no falsification of unemployment (or health) figures for the elderly.

The unanimous decision by Parliament to investigate, – was accidentally dropped down the memory-hole.

The “Propaganda model” and it’s components: Agenda Setting, Predetermine, Select, Shape, Control and Restrict by: Selection of Topics, Distribution of Concerns, Emphasis, Framing of Issues, Filtering of Information and Bounding of Debate.

The tools of the trade.

One, Two, Many

Innumeracy
Among the 10 costliest banking crises, – the cost to the Nation 748 billion, or 2.4 million per man, woman and child.

It is ‘chilling’ to see the players in this financial and moral crash state that it’s the cost of investigating the reasons for it, and trying to get the banksters behind bars, – that constitutes the extravagant costs.

When Your Number is Big
Human Inability To Grasp Very Large Numbers Abused By Politicians And The Fed
The Essential Exponential! For the Future of Our Planet

Innumeracy: Mathematical Illiteracy and Its Consequences
How to Lie with Statistics
Systemic Banking Crises Database

Don’t worry, be happy.

mynd 1D

Something is rotten in the state of Denmark, when the fundamental theorem of Addition brakes down.

The Minitrue repeatedly concludes that we are the happiest people on earth.

There is obviously no unhealthy relationship going on between doctors and the multi-billion pharmaceutical industry.

Are the repeated claims for cognitive therapies just PR for failing markets?

When the chief architect and the editor of the mental illness classification system do not believe in it, – why should we?

We would however want our addictions to add-up.

Some say that Biological Physics has already provided many of the answers.

Directorate of Health

Madness And Civilization
More on Obedience & Power

If only I lived in Colorado:
The Body Bears the Burden
In an Unspoken Voice

CIA “asset” gets own talk show.

eimreidarhopurinnDo a little Social networking

Stjórn LÍÚ 2013_1418078687

Fisheries pay billions in dividends to the “owners” of a natural resource.
The infrastructure crumbles, – in preparation for privatization.
White collar criminals get suspended sentences.
Special prosecutor crippled by cuts.
Investigation Commissions suspended.
Information about 400 “entities” in tax-havens ignored.
Government bails out selective % of private mortgages.
New constitution buried, – after a referendum.
After repeated exodus of the young and able, – who is left behind?

Please stop referring to our success

Waiting for Godot

Godot

Some are waiting for the grandest election promise in the known universe?

Dreamers say: The Issuing Power Should Be Taken From The Banks And Restored To The People!

The story passed through Frankfurt, London and New-York. But there have been no fake Nobel prices (from the Swedish central bank) relating to the endless possibilities

When will Godot ….?

The Lost Science of Money

…they must live within a lie

dugga

Newly elected government has prioritized,  ~ repaying the 13 families who have declared ownership over our most valuable natural resource is legion.

Paying only half of what is customary in Production sharing agreements is to much for these reptiles.

” The most obvious device the business community has to influence politicians are direct financial contributions, both to political parties and individual politicians.

Ways must be found to draw a clear distinction between financial life and politics.

It is not acceptable that the current custodians of the public interest, serve private interest in a manner as was done in the running up to the banking crisis. ”

~ Special Investigation Commission (SIC) vol 8, p.164-170.

Óbreytt veiðigjald (Petition 35,000+)
Óbreytt veiðigjald (Facebook)

Obvious nonsense (is)
HowTo in 5 Easy Steps  (is)
Faceless Money Power?

Interesting BA Thesis in Political Science (is)
The Power of the Powerless
Production sharing agreements

Ludicrous folly (is)

Bonfire of the Vanities

Not only did we successfully privatize the banks but vital functions of state. It is of great comfort to us to know that our information systems are safely in the hands of private corporations (now rescued) which in turn are serviced by international giants.

 

Everyone can recite the mantra “private is better than communism” and inter departmental jealousy did not harm either.

New “Viking” owners, with their new products for the old  vessel, – couldn’t fail, –  the customary and massive taxpayer involvement is unfortunate but of course the  “little people” should not bother their harts. The adage “The Best Way to Rob a Bank…” is only applicable to banks of course.

Buying “consultancy” from “interns” for a decision already made is as old as dirt. Nevertheless, I’m sure they scrupulously vetted: licensing costs, vendor strategy, vendor/product viability, solution manageability, skills availability, third-party support, performance & scalability – undeterred by the Clash of the Titans.

Flagging standardization and international professional standing are platitudes of the propaganda type which at best are totally meaningless.

However locking an entire state in a proprietary software prison is every corporations wet dream.

Will we fire the international corporations (who rule the day) or the unlucky National Audit Officer who happened to inherit a draft report stating some of the facts?

Having just got rid of an “overeager” Director General of the Financial Supervisory Authority my bet is as good as yours.

Groucho Marx was right when he said “Politics is the art of looking for trouble, finding it, misdiagnosing it, and then misapplying the wrong remedies.”

However, the warm fuzzy feeling of buying iPhone 5 (on micro loan) gets us through the day, – right?

The Draft Report (is)
Regulatory capture
Public–private partnership
Power Economics, and Deep Capture

23 Things They Don’t Tell You about Capitalism
Control fraud “reactive” or “opportunistic”
Similar IT disasters…(uk)

Captured “scientific” discipline


23 Things They Don’t Tell You about Capitalism

Ha-Joon Chang dissects 23 mantras from the neoclassical free market priesthood with humor and intellect which is truly singular.

“Kicking Away the Ladder” was the first I read by Ha-Joon Chang, which voiced the silent fact that empires don’t play by their own rules. However, this was well before our collective and enforced education in economics, or rather the peculiar absence there off – so succinctly expressed by Her Majesty the Queen

The Methodology of Economics
This Time Is Different: Eight Centuries of Financial Folly
The Best Way to Rob a Bank Is to Own One
The Price of Inequality

Debunking Economics
Inside Job
Complex Systems 
In Growth We Trust (the simple math 1 to 8)

It’s save or GIGO
Debt and Democracy
Captured Nobel Prize
Unpacking Mr. Global

Jekyll Island 
People & Power
Captured Anniversary

& the list is growing

“Mr. Global” kills with impunity, – but is this The Coming Revolt of the Guards?

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