Tuesday, January 26, 2016
There can be no great accumulation of wealth without exploitation.
Futility: For years, decades even, the US citizenry has become ever more reluctant to waste time following politics and trudging off to pull a lever for toady R or toady D, having long since figured out that if democracy comes down to chosing between the power elite's two nominees, then democracy is a hoax. Along comes Bernie Sanders, who seems to think government by and for the people might be a workable idea, and that a bit more government paid for by tapping the rich for by reverting to Eisenhower-era tax rates might be a workable idea. Those who haven't seen any point to voting are beginning to pay attention.
Say Amen: The easiest thing you can do to lose weight: avoid restaurants.
The Longer View: Some don't understand how “lower oil prices can cause a recession?” That's because they are too tightly focused on the here and now to see the operative cause and effect. The recession was not caused by low oil prices, but by the high ones before the credit crash. Only creating ever more credit (going consuming more and more of our tomorrows) made the high priced, end-of-the-oil-era oil possible. The recession that followed the credit crash (and that has been papered over, rather poorly, by QE etc. but still persists) caused the low oil prices. The lack of demand comes from our overwhelming debts. Take a longer view of things.
Lost and Found: The contest between Hillary and Bernie is not really about who gets to live in the White House, but whose White House it is. Will the Democrats continue their slide into useless me-tooism as the right of center standard bearer for polite Republicans, or will the party of the people actually once again become the party of the people? Will Sanders' campaign for a more equal and secure economy based on a stronger democracy build networks of activists across constituencies and across the country? Will the campaign create a lasting movement that people will commit to and keep working at and towards, even if the initial effort loses to Wall Street? Stay tuned.
Twilight Time? Saudi Aramco's chairman flatly rejects any suggestion that a possible initial public offering for as-yet unidentified parts of the company would include Saudi oil reserves. Mainly because if it did they would have to open their books for an independent verification of their claimed reserves, something which they will never permit – mainly because most of their claimed reserves are unlikely to exist.
Duck and Cover: Records of the Roman Catholic Archdiocese of Seattle show that only 5 of the 77 Catholic clergy identified as “likely sex abusers of children” since the 1920's have ever been convicted of their crimes. There are Roman Catholic 195 archdioceses/dioceses in the US.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:31 AM