CODY WILLARD

Is a little dingbat.

RE KRUGMAN'S BLOG JUNE 29

Rather choice, to see him quoting Mark, re Baron, re also Friedman. 


Follow his link to Goldman's article....


See also DK's recent post re politicians' shenanigans, in part.

Re politics philosophy aesthetics economics intellectualism experts history past cartoon themes

To reprise some prior posts, covering at the same time many of these themes,


term search: bonobos

RE G.O.P. VS THE WORLD NYT EDITORIAL GREENBERG

This is a not very straight view of party politics in the past century.


Unfortunately, it views party politics in isolation from commerce and trade, the usual failure of political pundits, although he is apparently a historian.


It also paints a highly overly rosy retrospective view of American leadership, in anything, back then, 


and a similarly blinkered view of its potential going forward now.

GOLLAPSE RE NEW INVESTMENT STRATEGY: PREPARING FOR END TIMES NYT EDITORIAL TODAY

Gollapse is indeed coming:


the collapse, in dribs and drabs, of globalist laissez faire ideology.

re Thurston Howell and who do you think they will bail out

He had asked, rhetorically....

Now the Republicans, apparently, re the debt limit and the budget, 


want to make sure the Chinese are paid off, even if no one else, 


the 'big big property' interests, the big big creditor in the equation, so to speak, as Thurston had also muttered.


That is what Thurston would have projected, too.

RE BLIND GROWTH US SEES BIGGER ROLE FOR INDIA AS TRADE ALLY BBC EDITORIAL

What is a 'trade ally' ?


Geithner wants 'growth for its own sake' over there and here, growth is good for India and good for us.


I call this kind of short sighted, economist and big player driven, 'capitalist' expansionism 'blind growth'.


Terms search many terms here, eg trading places, MITI, CHALMERS JOHNSON, trading american interests, ETC.

GREECEFICATION DUE TO EUIZATION AND GLOBALIZATION

I think we are mostly all, in the so called developed world, 


becoming rather Greecified, all at once. Call this 


'Thurston's Economics Lesson'.


Thus gold...........

http://seekingalpha.com/article/277152-european-woes-make-gold-the-premier-asset-to-own

RE LEADERLESS IN EUROPE NYT EDITORIAL

Obviously written by clueless globalist pander......

RE AMERICA AWAKEN ROGER COHEN NYT EDITORIAL

He has seemingly good concepts, but he couches it all in 'politics as usual' here, 


which is what has gotten us to this impasse.


The Presidency, as an office, is not an arbiter, or promoter, of industrial policy, or of energy policy. 


If that is all we are going to do is ask for a 'dynamic president', then hang it up, 


as I have said before many times.


More drastic political reform will be required in order then to get either an industrial, or an energy, policy here.

RE SEEKING ALPHA GERMAN ECONOMIST

Stefan Homberg:

"In a market economy, even in the case of a plumber whose customers don't pay their bills, it's never a question of getting creditors "involved" (in helping to deal with a bankruptcy). Instead, when push comes to shove, it is creditors, and creditors alone, who have to write off their loans. Only then do they have an incentive to carefully choose who they lend money to. A market economy with no personal liability cannot function. The government bailout initiatives create misdirected incentives that continuously exacerbate the problems on the financial markets."

... and further ...

“If the bankruptcy of little Greece were actually to trigger a global financial crisis, new bailout programs couldn't solve the problem: They would actually exacerbate it. If no more states or banks are allowed to go bankrupt because this might precipitate a financial crisis, then we're finished. Then the problem continuously escalates and leads to a much greater crisis.”

This analysis I like.

RE JUSTICES REJECT BAN ON VIOLENT VIDEO GAMES NYT EDITORIAL TODAY

Justice Alito is at least in the real world, see his comment. 


Unfortunately, Justices Scalia and Thomas are not, 


although even Justice Thomas has a ray of insight here, not however underpinned, in a sola scriptura way, to the text to which he normally clings.


The comment about corporate interests is apposite here, which has long been the basis for first amendment excesses of this kind.  


I recently saw an interesting roundtable academic constitutional professorial discussion re the 2011 Court, and some problems of federalism and preemption. 


This is another example of how federalism has failed us all, not just Californians or nonCalifornians, corporations or individuals, investors or parents, rich or poor, black or white, young or old. 


Another interesting point was how the concepts of speech, assembly, and petition were very differently understood prior to and at the time of the founding, 


than has so called 'freedom of speech' now come to operate, in the last 225 years.


Terms search eg: your state, Why Iowa, Iowa, the media, edification, state local, etc.


See also David Kaiser's current post re Presidential conduct and the media. 

RE CURRENCIES EVERYWHERE VOTING WITH THEIR FEET

http://stocks.investopedia.com/stock-analysis/2011/Emerging-Markets-Show-Gold-Some-Love-GLD-SGOL-PHYS-GDX-DGL0627.aspx?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+StockAdvice+(Investopedia+Stock+Analysis)#axzz1QUU9nZFp

Terms search this site, related topics, on eg, big banks, banker bashing market fixing

RE EUROPE STIFLES DRIVERS IN FAVOR OF ALTERNATIVES NYT EDITORIAL

Unfortunately, although ostensibly more politically integrated than they, we are not in a political position to undertake so wise a path here.

RE NYT BEHIND GAY MARRIAGE LEGISLATION NY

I happened to be near Woodstock that night.


Although I favor civil ceremony gay liaisons recognized by law, 


I disdain the politics, and the players, typical of this republic, of the outcome here in NY.

TERMS SEARCH IGNORAMITOCRACY

Terms search: team play, maverick executive, 


then, connect the dots.........................................

RE LAWYERS AND ACCOUNTANTS ONCE PUT INTEGRITY FIRST NYT EDITORIAL KPMG experts and themes here

This article dovetails nicely with some themes I have pressed on this blog, largely for those few who might stumble across it some day.


One can generalize this analysis to almost all expert specialties now, as I have pointed out, not just law or accounting.


Terms search, team play, etc.

RE THE WEEK IN PRIVACY (JUST BETWEEN US) NYT BLOG EDITORIAL FACEBOOK RUSSIA AND CRACKING DOWN AGAINST LEAKS TOO

See my prior comments on these topics eg the Russians' 'investor' interest in Facebook, and their praise (nyt article) of Zuckerberg's personality... ostensibly as an entrepreneur, and prior nyt articles on investments they have made; 


and NYT ARTICLES RE Goldman's connections of, and to, these political and technology and financial movers and shakers. 


It is not really just about savvy, or even 'sassy' (recall Saturday Night Live...), entrepreneurial 'investing', anymore..................;


pillaged big public and private databases are daily in the news, hacked into by governments, etc., etc.;


there's also, as I have pointed out, and as this nyt article also shows, a whole other 'agenda' there. 


Dovetails, somehow, perhaps, maybe, with the nyt article yesterday on State and Defense agencies promoting technologies and initiatives for evading censors in all countries; 


where can those two or three or four trends possibly lead?


Question: 
How does all of the above sit with this 'counter trend' (?): 
"US Presses Crackdown against leaks?" Nyt today, too?

SEE DAVID KAISER'S CURRENT ESSAY ON REASON SOROS THE ENLIGHTENMENT POLITICS AND POPPER

Great stuff.


Some themes there have been touched on here at times.
Terms search eg Popper, E H Carr, Wittgenstein, experts, social sciences, Winch,  etc.


Also look at a great course, Science Wars, Teaching Company.

RE DETOUR AROUND CENSORS OF ALL NATION STATES

If one were a foreign government, whether legitimate or not,  would one not perhaps consider such a move on the part of the US an act of aggression if not perhaps a declaration of hostilities?


While physical hostilities are under way in several places, this announcement seems to purport to turn all places into hostile cyber territory for which subversive IT tactics are legitimate.


Perhaps I read too much into the article........


http://geraldmeaders.blogspot.com/2011/06/re-us-underwrites-detour-around-censors.html

RE EPISTEMOLOGY AND THE END OF THE WORLD THE STONE BACK AGAIN

Seems like a good essay. Seems like a worthwhile point to make.
The problem is that this kind of conceptual confusion, or religious confusion, 
should not have been allowed to flourish in the first place.


One irony is this comes from a Notre Dame Professor..........


A good course I have watched recently in part, Science Wars, Goldman, great presentations so far.


TERMS SEARCH COMPARTMENTALIZATION, EXPERTS, 
multidisciplinary, interdisciplinary, science, social science, etc.

SIERRA MAGAZINE COAL SUPPLIES ARTICLE AND SELLING OURS

Apparently China had been thot to have 65 year supply.


Apparently drastically overstated, now only 20, maybe less. 


They are going through it like a knife through butter, and want ours and everyone else's.


Apparently our smart entrepreneurs will sell whatever remains here is needed there if the price is right right now.


Similar concepts, of reduced proven reserves, or accelerated usage, may also apply to oil, with even more drastic consequences looming.

A GLOBALIZED VERSION OF THE FRENCH REVOLUTION EVERYWHERE

And all at once. 


Spanish protests, Greek protests, Irish protests, you name it, 


this is just Europe...........


All economies, as all economists will now tell you, are 'fragile'.


All have 'structural' problems. 


Wonder why? 


Answer: An economists' induced disease, called globalization.


That, global 'bourgeoisie' revolutions,  that seems what is to come now.......


Sales of military hardware by US manufacturers are up 50% from last year. Wonder who's going to use that on whom?


Really good place for a smart investor to be, but don't expect much of a 'long term'.

RE BRADLEY PATTON ETC RE THE MENU

Stove top braised Australian Indian lamb shanks. 


Various Indian dry spices, even fennel for a Greek 'twang',  tomatoes, onions, garlic, de riguer pepperoncinis, broccoli stalks (!), also side dishes commandeered from other chefs here........ 


2006 Red Truck California zinfandel, dark lindt 85 %, coffee, brandy, etc. 


I picked up a copy of A Soldier's Story for .50. Sounds like a great bargain, doesn't it? 


Read a few pages, and laid it aside.


I had previously reserved Carlo D' Este's book on Patton; 


much more palatable fare.


Sorry, for all you Bradley lovers, out there.

RE LIBYA AND THE GOLD CONNECTION

http://etfdailynews.com/2011/06/15/gaddafi-gold-for-oil-is-the-gold-dinar-behind-the-war-on-libya-nyseslv-nysegld-nyseiau-nysesgol-nyseagol/

Very interesting, going forward.....;


issues and possible motives which most Americans have no idea about.


Perhaps the article has it all wrong.

RE JUSTICE GOES GLOBAL NYT EDITORIAL THOMAS FRIEDMAN SANDEL RAWLS AND BENIGHTEDNESS

Sandel, sounds interesting, perhaps in an amateurish way. 


Better, though, than what Americans are generally thinking about, by a country mile.


Follower of Rawls, perhaps. (Looking, later, at Wikipedia, he is a 'critic'....)


Justice as Fairness; not really doable, ever, as a permanent doctrine, unfortunately.


Unfortunately, Rawls is not really worth criticizing. 


So, Sandel's whole raison d'etre is, so to speak, at least for someone serious,  passe.


Most Americans, and apparently a huge number of Asians, are not privy to this elementary insight.

RE DAVID KAISER'S CURRENT POST PRESIDENT OBAMA'S PROBLEMS AND COMMENT NINE

Comment 9:


Great stuff. Dovetails with my remark there,


re the advantages, if not the qualities of the denizens, of the private sector.


Thanks 
to anonymous.

RE TEAM PLAY VERSUS THE MAVERICK EXECUTIVE

Themes we have harped on here.


See this post for example:


'Home' versus 'away' games, in the global economy.

http://geraldmeaders.blogspot.com/2011/03/re-social-science-palooza-ii-brooks-nyt.html

RE THREE WAYS TO PLAY A CHINA CRASH

http://www.investorplace.com/45310/3-ways-to-play-a-china-crash/

Terms search, many possibilities:
china, rail to rail, bubblelization, uncle, playing three sides, michael lewis, flat, thomas friedman, nixon, wall street, big short, shorting, etc.

re bbc student migration curbs to uk

Not going to happen here. 


We have had a sluice for entry of foreign students for decades.

RE US SAID TO TURN BACK MISSILE SHIPMENT

Perhaps if we had let Patton go forward, back in 1945 46, we would not have had this Cold War WMD proliferation in the first place, etc., etc., etc.


Maybe someone will try to correct my flawed perspective on such a thing.

RE UNWINDING GLOBALIZATION

Here was an article I ran across, looking for Niall Ferguson's blurb on the same topic.

http://www.chinavortex.com/2008/03/unwinding-globalization/

RE TIME MAGAZINE JUNE 2011 WHAT RECOVERY ARTICLE

Great stuff: The Five Myths.


Only criticisms, 


the reality painted to counter these myths is not real or long view enough, 


(and leaves untouched the military implications, now bearing down on us, implications which any rational account of 'economic affairs' should really begin with.).


My personal favorite: The Entrepreneurship Myth.


Terms search many terms on this blog.

RE US UNDERWRITES DETOUR AROUND CENSORS

Sounds at first like a laudable project, freeing ever more hundreds of millions for a new birth of laissez faire self determination, broad vistas of freedom of expression and intercourse everywhere. 


Sounds great for the three billion new capitalists wanting to get ahead in the global marketplace, and being held back by nanny dictators.


Unfortunately, here, we have not had such a great edifying effect from our free press and freedom of expression ('if it bleeds, it leads'), unstinted by scruple or constraint. 


Witness the ongoing decline in the quality of our public and private discourse, underpinned nevertheless by exaggerated, though increasingly monopolistically co opted, freedom of expression, extending to pornography, inanity, dumbing down by the market, and other excesses.


Terms search: Why Iowa, your state, Lorch, why______, state and local government, local government, state government, how interesting is a state,  speech,  press, iowa, 

RE BEGGAR THY NEIGHBOR CRY UNCLE

Terms search, uncle.


Here was a rather good one, using uncle:


http://geraldmeaders.blogspot.com/2010/11/mise-en-scene-maverick-executive-free.html

RE CHINA'S AIRCRAFT CARRIER ETC NYT EDITORIAL TODAY

It considers its sphere of influence all of Asia, and the entire Pacific rim, and the Indian Ocean to the Middle East and Africa. That makes sense. Isn't that ducky, we and several others share deeply cross overlapping spheres of influence throughout the world.  


Oil in South China Sea, yummy; many competing takers for that stuff, all around the sea and elsewhere; say also Shell, Exxon Mobil, etc.


That doesn't look particularly 'flat' to me, but rather blobbalized.


Don't forget how quickly they have been moving into Africa......


We have built them up since about 1980 to be a big big player in global trade and commerce.


Really really smart.

TANKING PONZI GLOBALIZATION

Says it all...........................


There is, apparently, a ponziworld.blogspot.com, and he says this:


"Multi-nationals will bear a significant brunt of the ensuing rage. The soon-to-come trade barriers will put an end to their multi-decade industrial arbitrage even as the cost of capital soars, hence causing profits to evaporate. Meanwhile public sentiment towards country-club CEOs and big business in general will tank amid mass layoffs."


That also looks like to me a possible scenario for the future, unfortunately.

RE STORMY WEATHER ANY SAFE PORTS FOR THE MINNOW

http://community.nasdaq.com/News/2011-06/stormy-weather-but-are-there-any-safe-ports.aspx?storyid=80147&CID=SYN-MKTWCH-20101013-QUOTES-001

Answer: No. 


You're headed for shipwreck on Gilligan's Island.

RE THE AFTERMATH AND FUTURE

After the laissez faire 'system', of the liberal nation state international economic order, has failed, because it is now passe; 


and the 'market state' system now fails, because it is both ideologically unworkable and economically illusory; 


with what, then, is one left?


Most unfortunately, either with or without large scale military imposition and enforcement: cartel socialisms/fascisms, of uneven and unpredictable kinds, within, among, and across individual nation states, and civilizational groupings.


There are many reasons why such convergences of forces and trends lead in these directions.

RE RULE BY RENTIERS

He's right,......., 


but, hey, it was his 'economics', his economists' globalization,  that got us to this rentier class, globally, here.

RE DK'S CURRENT POST AND ANARCHY OR TOTALITARIANISM OR SOME THIRD ALTERNATIVES

Comment 14:


"The main difference between the Nazis and the Tea Party is the Tea Party doesn’t advocate intimidation or violence. That’s the difference. If they did they would resemble the Nazis (or labor movements) a bit more."


I would say that this is the kind of view which a so-called 'party sympathizer', or lower level party member, would naturally, and even rather naively, take; 


whereas the actual views or political goals of the leadership of protototalitarian  party, if it has aspirations to ultimate power of a powerful state, 


are quite other than those promulgated to or from sympathizers. Low level grass roots governance is not what this movement will be about, once securely in power. 


The 'buffering' process among party organization levels works in both directions, as Arendt describes.


Analogies, as well as differences, can be drawn, to the account in Hannah Arendt, The Origins Of Totalitarianism, chapter The Totalitarian Movement, subchapter ii. Totalitarian Organization. 


This sort of fills in the blank, left by comment 14, on DK's current post. 


Wish that weren't the way things have been shaping up.

RE MY COMMENT AND REFERENCE ON DK'S CURRENT POST ESSAY

Professor:
I thought you and readers might possibly appreciate this:

http://news.firedoglake.com/2011/05/10/koch-u-florida-state-university-hands-over-economics-department-to-billionaire-libertarians/

See also my topics on the suggestibility of experts.

All the best,

RE MORE TRADE AND MORE AID NYT EDITORIAL TODAY SAME OLD REFRAIN

See topics here, terms search : trading places, trading American interests, and various terms searches of this site.  See for example:


http://geraldmeaders.blogspot.com/2010/10/re-sherrod-brown-for-our-china-trade.html


Author Robert Z. Lawrence: a long time globalization pander, and ex pat South African.

RE RIGHT WINGERS THEN AND NOW DAVID KAISER CURRENT POST

He rightly points out that the threat from the right now is not (for the moment, my view) totalitarianism, but anarchy.


I would add, of course, however, that this frank anarchy which they now espouse, were it to come to pass, 


(in my judgment, by the way, we have already had a mild species of political anarchy here for some time; even, say, from the founding of the republic!) 


will very quickly, perhaps almost overnight, because of manifold problems of order which such an anarchy would engender, 


morph into a new species of totalitarianism.


Political anarchy is, after all, a sort of political vacuum, into which more powerful, tractive forces, of whatever kind, will immediately move.

RE GOLD AND THE FUTURE

http://wallstcheatsheet.com/stocks/should-you-sell-your-gold-shares-now.html/

UNMORTGAGED HOME BANK FORECLOSED THEN BANK REVERSE FORECLOSED ON

This property was in "Golden Gate Estates".....................a situation, itself, with a long and chequered title history.....


(Perhaps the new homeowners had had 'clear title', aside from the allegations of BOA. 
The fact that they paid cash does not necessarily mean that their title was nevertheless 'clear'.)

http://www.realecontv.com/videos/real-estate/foreclosing-on-the-bank-.html

See terms search: mortgage foreclosure
Re my uncle, terms search eg: GAC, etc., see this article also:
http://www.nps.gov/history/history/online_books/tuma/hrs/chap9.htm


Re my uncle see eg:
http://geraldmeaders.blogspot.com/2010/08/re-gac-and-great-gulf-american-real.html

RE DAVID KAISER'S CURRENT POST

See his 


"Right-wingers, then and now", at historyunfolding.blogspot.com


and my comment, if he chooses to post it.


I am not so taken with the Strauss & Howe generational paradigm, but some other aspects of his views are fine, and the generational paradigm seems, magically even, to dovetail with his exposition.

ADVICE FOR THOMAS FRIEDMAN re advice for china

My advice for Tom is not to try to give China advice.

The flat, interconnected world he describes, as shifting innovation opportunity, entrepreneurship down, 

is concurrently going to be shifting governmental control down, everywhere. Start with, for example, just a small example, the Patriot Act....

Entrepreneurship itself is getting more 'valueless' as time goes on, and as intellectual 'property' has no enforcement protection mechanisms, in an interconnected world except, perhaps,  from out of the mouth of a gun. 

RE CASABLANCA AND CLASSIC HOLLYWOOD

Following up on remarks off blog, on cinema, recently, 
here is a book reference:


I have picked up several times over the years a book by Robert Ray, never quite read it through:


A Certain Tendency of The Hollywood Cinema 1930-1980.


Very good, now somewhat dated book. He actually explains  ideological underpinnings for motion pictures' success or failure. A wealth of illustrations from films.

RE NEWS BBC

Chinese boy sells kidney to buy ipad 2.


Must be worth it.

RE GAMBLING AT THE GLOBAL INVESTMENT TABLE

A lot of talk about a 'safe haven', maybe even gold....


The poker players, and those at the entrepreneurial global market crap table, need some sleep, some day.


Guess what? No safe haven, no 'game over' for them; 


its 'Hotel California', 


deal the next hand, 


you have only the chips you've still got, 


and it will be your turn again, momentarily.


Rather like rats trying to find a way out of a sinking or burning ship. 


Overboard may be the only option, unfortunately. At least the occupants of The Minnow had a chance on the island..... 


Can anyone swim, and if so, for how long?


Terms search eg: terms search, minnow, etc.

RE SHORTING MARKET STATES AND THEIR CURRENCIES

How would one 'defend' against it?


Gold, greenbacks, guns, guts, glory, graft, graffiti, or game over?


As my young readers are fond now of quoting me, 


there probably is no defense, so


"smell the coffee", 
"read my lips"


"game over".

SHORTING GLOBALIZED MARKET STATES

Call it a 'mixed' paradigm..............

CAN YOU SAY SHORTING GLOBALIZATION

The only game left at the Casino is:

SHORTING GLOBALIZATION.

RE MARC FABER INTERVIEW realecontv GREAT STUFF ESPECIALLY THE FERRARIS AND BENTLEYS PARKED OUTSIDE

He has a great sense for political apprehensions; see espcially his connections between Libya, Africa, Pakistan, and China.

http://www.realecontv.com/page/1826.html

RE ITS NOT ABOUT YOU BROOKS NYT EDITORIAL

It is ironic that the very boomer, conservative, individualistic, anarchistic, civil liberties, maverick, globalistic, corporatist, entrepreneurial, politics and ethos that Brooks himself has regularly espoused is what he criticizes here. It smacks of the usual dishonesty. 


Compare with Thomas Friedman's similarly disingenuous article on The Osama Decade. 


Deep hypocrisies.

RE THE BIN LADEN DECADE NYT EDITORIAL THOMAS FRIEDMAN

As usual, a profoundly false and misleading essay throughout.