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why are fools like obama desperately trying to talk down the market? ...

... yet profit at the corps keep rising and the dollar is slowly edging up. Companies are increasingly going for buy-backs.

Are Obama’s backers on Wall Street looking for another killing?

There is zero chance of any default.

This is all about the Marxists trying to extend government, and the rest trying to stop them.

“Let’s borrow more, so’s we can use your money to bribe our clients to vote for us.”



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will the eussr use the current european debt crisis to increase its powers?

“There is nothing accidental about this trajectory. The Greek (and Irish, and Portuguese, and Italian, and Spanish) crisis has been useful, as everyone now seems to be admitting, as an accelerant: having to scrape a whole cohort of eurozone countries off the floor has simply made the “need” for financial integration undeniable. The logical conclusion of an economically illiterate project has been reached. No more messing with the will of the people: resentful Germans and rebellious Greeks will be equally overridden in the name of – what? An international welfare state in which wealth is redistributed not just from the hard-working to the non-working classes of one’s own country, but from industrious nations to failing ones. The traditional socialist model of the wealth of the richer being taken by the state to give to the poorer is being applied on a continental scale, with the inevitable result that southern Europe will become a permanent basket case, dependent indefinitely on “support” – cheap loans and periodic bail-outs – from the north. The governments of those dependent countries will simply be ciphers, as powerless as welfare recipients are likely to be in any system.”

related material
market reaction to latest ecb posturing - if the medicine isn’t killing you ...
EMU (European Monetary Union) and inflation – a civil liberty issue



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the Left fights for a biased media

“The greatest danger in all this is that unfounded expectations will lead to terrible outcomes. There is an irrational belief in some parts of the Labour Party and Left-leaning media that the purging of the Murdoch press and the red-tops generally will make people stop wanting lower taxes, worrying about immigration, objecting to welfare fraud, demanding long sentences for criminals, and being suspicious of the European Union.”

“But every time you read that Britain is "more free" because Murdoch is in trouble, count the spoons: let's be absolutely sure precisely whose interests will be served by any new rules binding the press. Let's be sure that the "spring" is not a big wintry con.” [Quoted from telegraph.co.uk]

And back to the real story:

Scan recommended.

“It is worth asking in both the British and American contexts why people who regard themselves as believers in free speech and liberal democracy can be so openly eager to close off—silence, kill, extinguish—different political views from their own. This is the question that is at the heart of the matter and which will remain long after every News International executive who may possibly be incriminated in the current scandal has been purged.”

“The Left does not want a debate or an open market in ideas. It wants to extirpate its opponents—to remove them from the field. It actually seems to believe that it is justified in snuffing out any possibility of our arguments reaching the impressionable masses—and bizarrely, it defends this stance in the name of fairness.” [Quoted from telegraph.co.uk]

Political control of what is known as ‘broadcast media’ has led to anti-free speech laws in both the USA and the UK. The problem that the Left has long suffered is that nobody wants to read the tripe that they invariably produce. Thus, left-wing media ends up subsidised, and any competition is steadily undermined. Nobody wants to read Pravda or Izvestia.

Posters for the 2002 Presidential elections
For larger version of posters for the 2002 Presidential elections

In France, during elections, every political party is allowed a poster in every village. The posters are arranged in random order and must all be within a certain size. You can always tell the more rabid Socialist parties in that their posters comprise long, multi-point manifestos [n.s 3, 12, 15, 16].

Broadcasting is defined as radio and television, and in just about every country this is controlled by government. In Britain and the United States, terms like ‘impartiality’ and ‘neutrality’ are used when licencing broadcasters. This is interpreted as any so-called economic discussion must not be analytic and rational, but must always include socialist fantasy economics, and any other ‘discussion’ that impinges on socialist cult dogmas must include representatives of the cult.

This would be no different than a demand that any serious ‘debate’ include representatives of Islam, Scientology, Jehovah’s Witnesses and alien abductees.

In the United States, with its greater emphasis on constitution and the rule of law, modern technology has resulted in ‘talk radio’ and cable television not being subject to these daft and heavily biased ‘impartiality’ laws. This is because ‘talk radio’ and cable television are not defined as broadcast media.

This has resulted in the left-wing talk radio and cable television being overwhelmed by channels that are unsympathetic to the cult; to the extent that even broadcast television’s interminable, dull pseudo-impartiality is now being distanced by Fox News. At the same time, the dedicated left-wing cable channels cannot grab more than relatively tiny audiences in a free market.

Hence, there is the continual back-channel whining and ambition from the left wing seeking a ‘fairness doctrine’, by which, of course, they mean a return of the halcyon days of a controlled media where the Left is given another dose of positive discrimination. Meanwhile, the British continue to be protected from any dissenting voice.



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at last, a reporter concentrates on the real corruption of uk governance and media

Highly recommended to read four times!

“Instead, journalism in Britain is a patronage system – just like politics. It is rare to get good, timely information through merit (eg by trawling through public records); instead it's about knowing the right people, exchanging favours. In America reporters are not allowed to accept any hospitality. In Britain, taking people out to lunch is de rigueur. It's where information is traded. But in this setting, information comes at a price.”

Rupert Murdoch is just a deliberate distraction from government corruption.

[Heather Brookes has dual American-British citizenship. She was instrumental in exposing the MPs’ expenses fraud.]



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holier than thou, saviour of the world - our very own brown the clown

“...then I think back to the jolt I felt when I heard that, four years earlier, the Browns had invited several tabloid editors to the funeral of their daughter, who tragically died at 10 days old.”

“ ...[David Cameron] was still trying to please his old Murdoch mates by tarring the entire Press with the News of the World’s toilet brush.”

I’m so glad the Smellygraph is virgin pure and gracely chaste.

related material
the screws is mostly a big non-‘story’ - we’re rid of some sleazy pimples on the ‘culture’
who is gordon brown?



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the screws is mostly a big non-‘story’ - we’re rid of some sleazy pimples on the ‘culture’

But...
nothing much will change.

The Leftists will get to indulge in yet another of their boring emotional spasms.

But then what do you want, a controlled press?

Some of the police will always be corrupt. They always are. But, in general, they’re a lot better than the average reptile.

There will always be rabble rousers in politics only too willing to take advantage of the less bright elements of the populace, as long as the ignorant are vaunted and allowed to vote.

The sleazy and nosy wusses who failed to make friends at schools will express their resentment by poking into other people’s business, and desperately try to prove they are ‘better’ by ‘exposing’ that nasty Boris Becker who managed to get into the nikkers of two girls, while he couldn’t even get one.

Or the girl who had a face like a slab who ‘advises’ their prettier sisters how to disguise themselves with coloured mud. Why, they may even be pursuaded it would be cool to dye their hair red!

Then there will always be short-arsed boys who want to dress up and tell the rest of the boys when they can speak; and strivers from the back streets who want to ‘be important’, but who then find they can’t keep their grubby hands out of the till.

So we rather need the keyhole types to go and ‘expose’ them, probably while fiddling their own ‘expenses’. And we even need the uniformed gangs know as plod to make sure none of them steals/fiddles too much, and some of them will also be on the take.

As Tom Lehrer noted, the balance of power is maintained that way.

It’s a wicked world, and things are as they are because we have yet to evolve to a better state. It isn’t a plot. It isn’t some great ‘revelation’. It certainly isn’t exciting, let alone interesting.

While lower creatures like socialists emote and seek to generate a mob mentality, ably assisted by the likes of the Screws of the World, we’re not likely to make great progress.

Only education will improve our lot, not yet another great british emotional spasm.

Regards from the campaign for franchise by examination.

related material
more on news international
screws of the world: faux outrage in every direction
peter oborne, a deconstruction

end note

That was the year that was v=by Tom LehrerTom Lehrer, That was the Year That Was
1966, re-issued as CD in 1990; Wea/Warner Brothers; ASIN: B000002KO7
$10.99 [amazon.com]/ £9.98 [amazon.co.uk]



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more on news international

“But it is more than a collective moral outburst. In a sense, Murdoch is a victim of the very cultural revolution he helped to bring about. We are no longer a deferential nation and, aided by the information revolution, we insist on seeing the inner wiring of our institutions and professions. The bankers were first; then the political class, with the expenses scandal. Now it is the turn of the media. It’s not the morals of red-top journalists that have changed. It’s our collective desire for absolute transparency, to confront the warts on the body politic, to see the cloven hoof.”

“This is indeed the PM’s greatest test to date, and one that will run and run. In the great political game, it is his very soul and personality that are on trial. Judgment matters, and it is inevitable that Cameron’s will be questioned. But let me be the one to say it: integrity and loyalty are important, too. And personally, I would rather have a Prime Minister who still calls his friend a friend when the going gets tough, than a craven leader who throws him to the wolves. In the ferocious days ahead, true leadership will be shown by those who can distinguish between morality and mob rule.”

In my view, the rest is empty waffle.

However, this is a more useful, notey article with a point of view different from my own, but it’s not just waffle

Marker at abelard.org

Often cited as one of the best presidents of the USA - because he didnt do anything!

“The political genius of President Coolidge, Walter Lippmann pointed out in 1926, was his talent for effectively doing nothing: "This active inactivity suits the mood and certain of the needs of the country admirably. It suits all the business interests which want to be let alone.... And it suits all those who have become convinced that government in this country has become dangerously complicated and top-heavy...."

“Coolidge was both the most negative and remote of Presidents, and the most accessible. He once explained to Bernard Baruch why he often sat silently through interviews: "Well, Baruch, many times I say only 'yes' or 'no' to people. Even that is too much. It winds them up for twenty minutes more." ” [Quoted from whitehouse.gov]

Screeching around like a demented five-year-old as Ed Milipede does is not a sign of a decent or even sane leader.

related material
screws of the world: faux outrage in every direction
peter oborne, a deconstruction



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