Friday, March 15, 2013

What the...

Greetings good citizen,

Once again we have the corporate owned media using trivia to distract us from the real issues at hand.
JPMorgan Ignored Warnings in Loss, Inquiry Finds

JPMorgan Chase ignored risk controls and withheld information from regulators during big trading losses last year, a Senate inquiry found.

A Senate panel report says that Jamie Dimon, chief of JPMorgan Chase, withheld details about the bank's daily losses.
Then our ‘guardians of society’ double up the information, attempting to confuse the matter even worse than it already is.

How inconvenient the very next article points to the real issue?
Pearl Brady of Brooklyn worries that it will be years before she will be able to put money away.
Younger Generations Lag Parents in Wealth-Building
By ANNIE LOWREY 49 minutes ago

A study finds that younger working adults are not doing better financially than the previous generation.
With ‘wealth management experts' opining we need to set aside at least a half a million dollars to retire ‘safely’ and with most workers earning less than 25 to 30 thousand dollars annually, the only way the majority can retire ‘comfortably’ is magic.

They’d fall short of the mark even if they saved every penny they ever earned!

In order to be a low wage drone for corporate USA, retirement must be an impossibility. (Not that this is news to the people being compared in this article.)

We have been saying all along we’d have to work ‘til we drop’ (IF we were lucky enough to find work after being ‘churned’ into pauper-dom!)

But the 4th Estate knows thinks YOU are STUPID.

How pathetic is it good citizen that a majority of the corporate owned media’s Blarney is insulting to the average person’s intelligence?

If we back up to our first post we have to scratch our heads and wonder what anyone is supposed to make of the banking sectors alleged ignorance.
Which is to point to what ‘everybody knows’. The crash of the financial system was deliberate and these clowns drove it off a cliff KNOWING the taxpayer was going to ‘bail them out’!

So what’s this nonsense about the banks ‘ignoring warnings’?

We’re talking the biggest heist of all time here!

It sure takes a lot of chutzpah to pretend (never mind actually assert) that they had no idea this whole situation was going to end in bankruptcy.

Sort of like this next headline…where once again we are played for ignorant chumps powerless to stop what’s going to happen next:

The drilling rig Kulluk was grounded in January 40 miles southwest of Kodiak City, Alaska.
Interior Dept. Warns Shell on Arctic Drilling

The government wants a detailed plan on how the company plans to address safety issues before allowing it to resume exploration.
A REAL government would never have permitted this nonsense in the first place but we all know the political lapdogs are ‘going through the motions’ of pretending to protecting the public while they allow private enterprise to doom our civilization.

We don’t need MORE fossil fuels, we need to use what little there is left much more judiciously.

But the >One Percent doesn’t do privation well (if at all.) Isn’t it bad enough they have to ‘put up with’ the rest of us using THEIR stuff?

Speaking of which:
Fed Rebukes Goldman Sachs and JPMorgan Chase Over Capital Plans

The Federal Reserve cited “weaknesses” in capital plans of JPMorgan Chase and Goldman Sachs, while Citigroup and Bank of America got a green light.
Doesn’t God ‘rebuke’ people? The rest of us get called on our baloney. How sad is it that the other two thieves got away with their ‘plans’?

We’re back to the ‘appearance of propriety’ as opposed to actual legal oversight.
If YOU were this incompetent you’d be on the outside looking in already!

BUT if this clowns did what they were elected to do they’d be ‘pushing up Daisy’s’ in a remote field somewhere.

You are right to fear a government that has suspended both your right to a fair trial along with any prohibition against executing you out of hand but you SHOULD fear the MEN who made this possible even more!

But I digress, what do you suppose the deal is with this story?

The Galaxy S IV.
Samsung Introduces New Galaxy Phone

Increasing the stakes in the smartphone battle, the South Korean manufacturer showed off the Galaxy S IV, the latest version of its flagship device.

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Since this is YESTERDAY’S Business section you won’t be able to ‘backtrack’ any of this but there was an article this morning’s news about Samsung being a giant ‘pretending’ to be a scrappy start-up like Research in motion. Or that other tiny company…Apple.

Seriously, good citizen…
New Jobless Claims at a 5-Year Low

The report on unemployment added to a range of data that suggested higher taxes were having a limited impact on the economy.
Like the whole theme of today’s reporting is ‘insult their intelligence!

The most prosperous time the US have ever known came when the marginal tax rate was at over 90% of income over a million dollars…so employers paid their people instead of handing it over to Uncle Sam.

And what we’re seeing today is the ‘blow-back’ of that policy.

Which is to opine that there is going to be a whole lot of ‘punishment’ going on before we get this ship back on an even keel.

Last but not least we have a token of open rebellion on display!
Media Decoder
Editor Charged With Aiding Hackers Group

Matthew Keys, a 26-year-old social media editor, was charged with assisting the hacking collective Anonymous in an attack on The Los Angeles Times Web site.
Perhaps someday we will be able to give Mr. Keys the medal he richly deserves for standing up to our tyrannical overlords.

But for now he’s going to have to live with being black-balled by an industry that insults your intelligence.

Maybe this one is a net win from a realist perspective.

How this landed in the business section remains a mystery but it is the ‘re-surfacing’ of ‘old news’.
Hoping to Save Bees, Europe to Vote on Pesticide Ban

European officials plan to vote on a proposal to sharply restrict the use of chemicals that have been implicated in the decline of global bee populations.
Once again good citizen we are witnessing the side effects of failing to prosecute the corporate guilty for playing God recklessly.

What do you suppose this ban on pesticide is going to accomplish?

Most likely it will result in a plague of pests! Then they’ll be spraying twice as much pesticide!

But you (evidently) aren’t smart enough to figure that one out…

Thanks for letting me inside your head,


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