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Unleash the Kraken

August 17, 2009

The Tree of Democracy is withering and our nation is in a more precarious position than most of its citizens have seen in their lifetimes. The Ship of State is foundering and is in danger of being run onto the rocks by foolish oligarchs attempting to grab what they can for themselves before the barque goes below the waves. And these days the oligarchs all seem to work for Goldman Sachs. Our economy desperately needs a systematic overhaul coupled with reregulation of the financial and many other industries but instead our bought and paid for elected leaders insist on allowing the Paulsons and Rubins and Summers who caused the problems to attempt to fix them and in doing so institutions that should have gone the way of the dinosaurs are propped up in an attempt to recreate another bubble economy. This will be very good for fattening the bottom lines and already rotund bottoms of the oligarchs but the rest of us will be the worse for it. The bloodsuckers will not stop until they have extracted their vigorish and sapped our vigor leaving nothing but our dessicated husks which they will then use for tinder as they warm their fat comfortable selves before the antique fireplaces in the dens of their plush private clubs, chatting merrily about all the poor suckers they were able to bring to ruin.

If a bunch of know-nothing teabaggers and birthers and deathers, who if placed in a room together and asked to spell “tax” would fail miserably even if you spotted them the “t” and the “x”, can manage to get their voices heard and stymie much needed legislation then where the hell are those who do know their butts from a butte?

Many are still hoping that the promised change will come but they might as well wait for the sun to go supernova because it simply isn’t going to happen without taking matters into their own hands. It’s always been that way and it always will be. Politely calling your Congressperson or writing pleasant letters of mild disagreement isn’t going to cut it so why waste your time. This has been tried over and over again it at this point is should be clear that the oligarchs aren’t listening to you unless you have a few million you can spare for their re-election campaigns. If you want their attention you are going to have to hit them where it hurts the most, right square in the wallet.

It’s time to get angry. The “I’m mad as hell and I’m not going to take it any more” kind of pissed off. It’s time to unleash the Kraken on the oligarchs who don’t give a damn about the rest of us as long as they collect their multi-million dollar bonus at the end of the fiscal year.

When it isn’t just those who can easily be written off as “riff-raff”, but credentialed commentators who are calling for a debtor’s revolt, maybe that ought to be a sign that it’s an idea whose time has come. If hundreds of Chinese people can muster the courage to bust into a factory that is poisoning their children, why can’t we find the courage to do something similar here? No more meager protests confined to designated times and designated “free speech zones” – get out there and demand the change that is needed and don’t let up until you get what you came for. Hit every last useless waste of a Congressperson right in the jaw with one of your hurled Hushpuppies if that’s what it takes to get their attention. You’ve got increasingly less and less to lose anyway. Don’t wait until there’s nothing.

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17 Comments leave one →
  1. cometman permalink*
    August 17, 2009 2:44 pm

    And hey, if fucking things up doesn’t work you can always resort to taking that last dollar you’ve got, roll it up and have a little toot. Seems to be all the rage these days.

    In what researchers describe as the largest, most comprehensive analysis to date of cocaine contamination in banknotes, scientists are reporting that cocaine is present in up to 90 percent of paper money in the United States, particularly in large cities such as Baltimore, Boston, and Detroit. The scientists found traces of cocaine in 95 percent of the banknotes analyzed from Washington, D.C., alone.

    Not sure exactly how comprehensive this analysis really is because if you read to the end of the article you notice the study was only done on bills from cities and only used 234 bills total. They’d probably find a lot less coke on bills from Yakima or Des Moines. On a related note traces of hillbilly heroin were found on 100% of the bills in Todd Palin’s wallet :)

  2. cometman permalink*
    August 19, 2009 12:15 pm

    Checking the news today and find I’m at a loss for words. I’m temporarily overwhelmed by the rampant stupid everywhere. Hard as it is to believe, the political discourse seems to have only worsened since Obama took office.

    Bombs are still raining down all over Iraq and Afghanistan and Pakistan with no end in sight. Big corporations continue to call all the shots on practically every issue and we aren’t going to get any meaningful healthcare reform or financial reform because of it. The president who promised change continues to give us more of the same as he seeks to avoid confrontation at all costs and caves in to rightwingers who only the truly braindead continue to support. People are angry and disillusioned as they lose their homes and their jobs and all anyone seems to want to talk about is whether it’s OK or no OK to carry an AK to a town meeting.

    Signs of a dying Empire.

    Lock up the silverware and stock up on potted meat.

    It’s all over but the shooting.

  3. cometman permalink*
    August 19, 2009 12:43 pm

    Lanny Davis is a hack as his recent shilling for the coup leaders in Honduras shows, but who knew he was this big of a whore?

  4. triv33 permalink
    August 19, 2009 4:43 pm

    Looks like I need to get this month’s issue of The Rolling Stone. Taibbi is taking on health care reform: Sick and Wrong.

    • triv33 permalink
      August 19, 2009 4:45 pm

      WTF? My linkee no workee…

      http://www.rollingstone.com/nationalaffairs/index.php/2009/08/19/matt-taibbi-on-health-care-reform-sick-and-wrong/

      • cometman permalink*
        August 20, 2009 9:23 am

        Thanks for that one triv. Taibbi is really on a roll lately- he does a great job of explianing this whole mess in the videos. If the article becomes available online let me know.

  5. artemis54 permalink
    August 20, 2009 6:16 am

    Boil up some pasta and we’ll have a little aged Spaghetti al nero di seppia.

    Ink sac preserved for 150 million years.

    • cometman permalink*
      August 20, 2009 9:31 am

      Amazing. The artist’s rendition of the original animal I found after clicking a few links looks very ferocious – maybe not quite as mean looking as the vampire squid but a lot bigger. That recipe looks quite delicious too although I think I’d try it with a little bit fresher product.

  6. cometman permalink*
    August 20, 2009 11:20 am

    This should be interesting – Citigroup’s asset guarantees will be audited.

    One question is whether Citigroup’s loans and securities were adequately written down before being put into the covered pool, Joseph Stiglitz, a Columbia University economist who won the Nobel Prize in 2001, said in an interview today.

    “If they picked a high price, the losses could be a major exposure for the taxpayer,” Stiglitz said.

    ~snippety~

    The audit will address “the basis on which the decision was made” as well as the “process for selecting loans to be guaranteed,” according to Barofsky’s letter. The inspector general also will assess “the risk-management and internal controls and related oversight processes and procedures to mitigate risks to the government.”

    And when it turns out that the assets were not written down adequately and the basis on which the decision was made was “Because we wanted to hand our cronies a assload of money”, then what? Will Citi get shit canned at that point as they so richly deserve? Or will the government just give them another golden shower because they are “too big to fail”? My money’s on the latter.

    And does anybody else find it stupefying that an audit needs to be performed to find out why they were handed tens of billions of dollars? Isn’t that something that should have been figured out before they got the cash?

  7. cometman permalink*
    August 20, 2009 11:40 am

    Scientists discover new insights into evolution. I read Lynn Margulis book Microcosmos a while ago where she concentrates on microbes and theorized that our cells were a result of symbiosis of different types of microbes, with mitochondria being one of them. This new research takes things back a step further and shows how two other types of microbes that don’t have a nucleus evolved symbiotically to form the bacteria that eventually put oxygen into the atmosphere and mitochondria.

    Lake has discovered the first exclusively prokaryote endosymbiosis. All other known endosymbioses have involved a eukaryote — a cell that contains a nucleus. Eukaryotes are found in all multicellular forms of life, including humans, animals and plants.

    ~snip~

    In the Nature paper, Lake reports that two groups of prokaryotes — actinobacteria and clostridia — came together and produced “double-membrane” prokaryotes.

    ~snip~

    The oxygen on the Earth is the result of a subgroup of these double-membrane prokaryotes, Lake said. This subgroup, the cyanobacteria, used the sun’s energy to produce oxygen through photosynthesis. They have been tremendously productive, pumping oxygen into the atmosphere; we could not breathe without them. In addition, the double-membrane prokaryotic fusion supplied the mitochondria that are present in every human cell, he said.

  8. cometman permalink*
    August 20, 2009 12:22 pm

    Nice oped from Dave Lindorff who argues that Barack Obama may be the best thing for the Democratic party, not because he has done anything to help the people of this country, but because he’s been such an obvious corporate suck-up that liberals may finally realize the Democrats are not on their side.

    …he has taken the concept of selling out to corporate interests and compromising with Republicans to such remarkable heights that progressives hopefully can no longer be confused about the irretrievably corrupted nature of the Democratic Party.

    ~snip~

    But here is the silver lining: The sell-out this time is so much more blatant, and so much more serious, than it was with Clinton, and for all the talk about Obama’s ability to string words together, he is so much less of a charismatic figure than the gregarious Bill Clinton, that he is unlikely to hang on to the ardent support that propelled him to his victory last November. The disappointment and sense of betrayal among progressives this time is palpable, especially because, while Clinton, by 1994, had the excuse that he was working with a Republican, or partially Republican Congress, Obama has solid control of both houses, but refuses to use it. If, as I expect, the recession continues to deepen, with more and more people losing jobs and homes, if, as I predict, health care continues to be unaffordable and inaccessible, and if, as I am equally certain, Iraq explodes and the war in Afghanistan continue to worsen, the left is going to see Obama and the Democrats in Congress as the failures and corrupt frauds they are, and will abandon them.

    I’m not quite as sanguine about this prospect as Lindorff. We’ve seen Kucinich and other liberals run time and time again and although majorities often agree with their policies, those same majorities continue to buy into the bullshit line thrown out by their own enemies that these are somehow not serious or electable candidates. I’m reminded of Adlai Stevenson’s line who, when told that he had the vote of every thinking person in America, replied that he still needed a majority.

  9. cometman permalink*
    August 21, 2009 9:57 am

    Nice article here taking stock of the Russian/Georgian conflict from a year ago. This part was interesting:

    Just as the origins of WWI are complex, but clearly the result of the imperial powers jockeying for power, the fiasco in Georgia can be laid squarely at the feet of the world’s remaining imperial superpower. The mystery here is the extent of Russian forebearance, the lengths that Russia seems willing to go to accommodate the US bear. Over the past decade, Russia watched while the US and NATO attacked Yugoslavia, invaded Afghanistan, set up military bases throughout Central Asia, invaded Iraq, assisted regime collapse/ change in Yugoslavia, Georgia, Adjaria, Ukraine and Kyrgyzstan, and schemed to push Russia out of the European energy market. The question is not why Russia took military action but why it hasn’t acted more decisively earlier.

    Near the end the author answers his own question pretty well:

    Russians are not cowards, but realists, and appear to be pursuing a holding action, hoping to wait out the US, counting on its chickens coming home to roost.

    After seeing there own empire crumble after the disastrous USSR invasion of Afghanistan, I suspect they think the same will happen to the US. I also think they are right – the US has already spent 8 years and a huge amounts of borrowed money in Afghanistan with not much to show for it except the prospect of spending many more years and lots more money occupying the country. Meanwhile the rest of the world is seriously reconsidering whether they want to continue to prop up the US’ floundering economy as trillions are wasted on these imperial adventures.

  10. cometman permalink*
    August 21, 2009 12:07 pm

    The trailer is out for Micheal Moore’s upcoming movie. Have a look.

  11. cometman permalink*
    August 21, 2009 12:23 pm

    Just what the fuck is going on here?

    You thought the Fed had a lot of freedom? You ain’t seen nothing yet. According to two MIT economists, Ricardo Caballero and Pablo Kurlat, the Fed should directly get into the credit default swap business to “prevent the next crisis.”

    ~snip~

    Yet most interesting, is that the Fed may have well already entered the CDS arena. Recent TIC data (not Tradable Insurance Credits, but the Treasury International Capital variety) indicate that beginning in March the Fed started getting involved in derivatives classified as “Other Contracts By Risk Type”, to the tune of over $1.3 trillion dollars!

  12. sisdevore permalink
    August 22, 2009 12:46 pm

    sorry to have neglected the underwater place. One must admire squid ramification. If you had Arianna’s money, there would be a Calamari party.

    • cometman permalink*
      August 23, 2009 11:22 am

      Ha! Maybe we should all put up paypals on our blogs and quit our day jobs…

  13. sisdevore permalink
    August 23, 2009 12:05 pm

    I remember a scam from way back in the early seventies. A classified ad saying “Last chance to send $10 now!”

    I think it yielded garage-sale type revenues.

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