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Monday, August 22, 2011

the menu

Wild Alaskan pink (my favorite color) Salmon vinaigrette, 
avec ba Tampte sliced and diced dill pickles, mild Greek pepperoncinis, diced purple onion, celery, pressed garlic cloves to taste, Greek Lefas first cold pressed olive oil, capers, Dijon mustard, to taste,


steamed broccoli and carrots olive oily,


dill cucumber onion vinaigrette salad,


red California shiraz


dried ginger dipped in dark chocolate,


Jim's organic coffee


etc.



JUST A FEW QUIET REFLECTIONS ON SOME PENDING ISSUES FROM A BORN TEXAN

Now, I know that this post may come 'out of left field',


for some of you.


Fair enuf.


Not only am I one eighth American Indian, Cherokee, 


but,


 I was born in Kingsville, Texas. ( A: 'Biggie'.)


This, it seems to me, may raise some interesting questions, going forward, 


connected both with sovereignty, and with my allegiance, 


such as it is............


One of them is, for example, were Texas to secede 
(the governor, not myself, has broached the subject), 


would I not automatically have dual Texas and US citizenship?


One would assume that something like this is contemplated. 


If not, why not?  


If not, what, pray tell, is contemplated, a choice? 


A Morton's Fork? 


Oh say it isn't so?


If not a choice, then say so now, rather than later.

re Steingart

He really does have some dreamy notions sprinkled throughout this tome.


Democratizing globalization.

DON'T SQUEEZE THE CHARMIN

Don't Squeeze the Charmin!


RE CHINA CHARMED BY BIDEN'S PERSONALITY, 


JUST AS RUSSIA HAS OSTENSIBLY BEEN CHARMED BY ZUCKERBERG'S...............................................


CHARMIN


Do you think that either of these shallow PR notions makes any real sense?

RE GOLD WESTPORT CONNECTICUT

These people are now selling their gold, now that it is worth so much,

and they are fresh out of fiat currency,

presumably to pay for rent and food.

THIS SHOWS WHERE THE PRESIDENCY STANDS RE THE AVERAGE AMERICAN

http://www.nytimes.com/2011/08/22/business/schneiderman-is-said-to-face-pressure-to-back-bank-deal.html?_r=1

HIS THREE LONG TERM FACTORS ARE NOT GOING TO HAPPEN EVER AGAIN

http://seekingalpha.com/article/288947-what-would-put-an-end-to-the-gold-bull-market

But also, re his factor 2, how could the US get more 'hawkish' monetarily, 
without going to some non fiat currency like a gold reserve to do it? 


This in turn would turn out to be bullish, rather than bearish, for gold.


So his factor 2 itself would perhaps be bullish rather than bearish.

RE THE KIDS ARE NOT ALL RIGHT NYT

Great point.


Needs to be generalized re laissez faire capitalism and domestic society in general.

Sunday, August 21, 2011

RE VICE PRESIDENT BIDEN'S ASSURANCES TO CHINA

Do you believe in the tooth fairy?


Term search, perhaps, tooth fairy.


Cf Steingart's comment re US Mary Poppins, security assurances to Taiwan, not worth the paper on which they are printed p 216.


If China bombs, or something, say embargoes, Taiwan, 
do we renig on the debt to China in lieu of military action to defend our ally Taiwan?


Do we use an aircraft carrier?
If not, why have them there? 


How much do we renig, the whole thing? 


Generally speaking, mixing politics and trade is a bad idea.


A few billion?


Appeasement.

RE TERMS SEARCHES AND MARY POPPINS

Steingart has a nice phrase in The War For Wealth, related to my comments here, re faux security umbrellas.


Look also at the terms search list on this prior post:


and at Steingart's text, page 216 at "...not worth the paper on which they are printed...."


He has some scenarios at the end, with which I disagree, and which I believe are frankly wrong and or misleading in important ways, eg the approaches on p. 249.

Audience

RE EGYPT ISRAEL

Re the next 'Sarajevo':

Steingart postulated some Asian candidates.


What about several 'Sarajevos', say even five or six, in hindsight, 


all at once?


That seems as likely, now, as one.

Saturday, August 20, 2011

STRENGTHENING TIES THROUGH TEAM PLAY





Terms search: Team play.

RE 9/11'S WHITE ELEPHANT NEW YORK NYT NOCERO The federal government + New York = white elephant

The federal government + New York = white elephant.


The federal government + your state = white elephant.


How many of them do you think there now are?


Very large herd.


Terms search: your state.

RE A STUDY IN JUDICIAL DYSFUNCTION NYT WISCONSIN

This is a situation that has always existed, barely below the surface. Seldom seen by the average citizen, walking into court.


This branch's dysfunction is matched by that of the other two.


Terms search: your state, Lorch, Iowa, New Jersey, Minnesota, etc.

Friday, August 19, 2011

TOO BIG TO FAIL TO BIG TO DISJOIN BUBBLE EU

One giant step toward fiscal union is one step further into the 
EU Bubble 
coming.

RE ATTACKER STATE LIQUIDITY ABYSS SMOOT HAWLEY HAWLEY SMOOT RED HERRING LIQUIDITY MENTALITY TRAP CALL IN GOVERNOR PERRY

No doubt, in the economics literature somewhere, the aggressive protectionism of regimes like Japan and the Chinese will be compared to this red herring tariff act, passed as the depression of 29 39 was already unfolding, for overwhelmingly unrelated reasons connected with WWI and expansionism that followed.


They will carp that if only these free riders would let loose and reciprocate more freely, the situation with the world commercial situation would be hunky dory. 


They, not we, have created the 'liquidity trap' bemoaned by some commentators. Here is what Stiglitz, referring to creating currency, paraphrased, said, sort of consistently with my comments here:


'banks were instead spending the money in more profitable areas by investing internationally in commodities and the emerging markets. Banks were also investing in foreign currencies which, Stiglitz and others point out, may lead to currency wars while China redirects its currency holdings away from the United States.'


Fiat currency wars: 'Swinging with a wet noodle'.


China directing its currency holdings away from the US is kind of like a liquidity abyss.


But this is all too abstruse for American politics, even though we need a scholarly statesman like Governor Perry to take the helm in conditions like this.

Thursday, August 18, 2011

MY FAVORITE ECONOMIST

Goldfinger.

APPARENTLY I HAVE BEEN DISCOVERED IN THE NETHERLANDS




Netherlands
29
United States
12
India
1




THE MENU

NY Strip and broiler fries au poivre,au jus avec capers;


leftover organic kale frittata;


du riguer organic field greens and romaine, Bulgarian feta, shredded beet, dill vinaigrette;


 Woodbridge California Shiraz (better than expected);


Home made simmered Chocolate sauce: 85% Lindt, powdered sugar to taste, organic raw milch simmer.