"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Tuesday, August 9, 2011

Dylan Ratigan is mad as hell, is on a roll and grandchildren give Dylan a standing ovation



Huffington Post
August 9, 2011
By Dylan Ratigan

Yesterday, on TV, I exploded. I spent two minutes giving a primal yell at our political system, demanding the extraction of our money and dignity end. It was my most heartfelt and emotional moment on television, ever.

And the emails poured in. I hit a chord, because it's something we all feel. Take a look.

With the markets in turmoil and the global financial architecture groaning under the weight of fraud and corruption, it's a good time to think about what leadership would look like. Believe it or not, we have had good leadership, purpose, integrity, and aligned interests in this country.

In 1961, President John F. Kennedy faced a dilemma -- how could he direct our intense competitive passion with the Soviet Union in a direction other than war? The answer was his call for America to beat the Soviets to the moon. Kennedy understood power; if he did not lead us towards peaceful productive competition, that same animus would have turned violent (see this key memo on the real rationale for the space race). So he took the passion and focus of our society, the technology of war and missiles, and turned it into a great mission to explore space. He gave us a shared goal.

But that's not the full story. Kennedy also demanded we use the finest scientists and engineers to design the rockets, and made sure that the path to the moon was based on the best possible solution to get there. For large rocket boosters, he was open to chemical, nuclear, liquid fuels, or any combination. He did not put a commission of astrologers in charge, and he did not put political cronies with no scientific background in charge of designing the rockets.

We had a shared goal, and we had a problem-solving process with integrity and aligned interests. Kennedy was the leader of this initiative, but Americans at that time, possibly because of a shared experience in World War II, had a shared purpose. They believed in prosperity as a goal, and they had a shared set of problem solving values to get there. They believed in education, in health and welfare, in mutual security, in dignified work and in Americans making things. The moon shot didn't just avoid war with the Soviets, it created the largest surge of American students into math and science in history.

Today, we face the same demons as decades past. We have passion, and focus, and we want to compete. What we lack is a set of shared prosperity goals, and a shared problem solving values to get there. There's no consensus, for instance, on the need to solve the problem of climate change. But even where we have some consensus, say on creating jobs, there's no integrity or aligned interests in how we're approaching the problem. It's well-known in DC among lobbying firms that every policy initiative must be wrapped in the shared goal of creating jobs. It's unclear whether anyone there has that as an actual goal, but even if they did, there's no integrity in the way they are going about creating jobs. We still trust the same corrupted economic establishment, an establishment with no ethos of the importance of problem solving. Astrologers (like S&P) are in charge of job creation.

So now we are locked in a war of ideas and mechanics in a battle for power. But power to what end? The political solutions proposed by DC today are the opposite of Kennedy's moonshot. We are taking our collective passion and focus and turning it toward manipulating power for the self-preservation of a few instead of working together towards shared goals with shared values knowing our ideas and mechanics will change as long as we try to get there.

Whether it's full employment, clean energy, building a bridge, whatever -- there's no mutual consent to a set of shared goals, integrity on how to achieve them, or aligned interests. Even where there are policy discussions on, say, how to cut our debt load, it is the opinions of discredited ratings agencies that seem to matter. So our choices are organized around austerity measures that we know will not cut debt loads. Again, it's using astrology to get to the moon.

I've realized, over time, that it isn't policy ideas we need. We need, as citizens, a shared purpose. And we need a commitment to integrity of process, and aligned interests so the incentives exist for all of us to contribute. You can talk to billionaires -- and I have -- who are scared for their children, for their country, and for the world. And if billionaires can't create the changes we need in the machine, if Congress can't, if the President can't, then we must look to ourselves.

When Kennedy called for the country to go to the moon, he said that "no single space project will be more impressive to mankind... and none will be so difficult or expensive to accomplish." The difficulty and expense were great problems to overcome, not reasons to shrink from greatness. He said we would experiment with different rocket technology, "until certain which is superior." Every engineer, politician, and bureaucrat focused on the overall goal -- not how to look like America was getting to the moon to get power and credit, but how to actually do it. And it was not his project, or even the project of the astronauts who went there. "It will not," he said, "be one man going to the moon... it will be an entire nation. For all of us must work to put him there."

This is shared purpose -- Americans paid taxes, worked on rockets, trained as astronauts, cleaned NASA buildings, or did whatever they could do -- to get each one of us to the moon using shared values to solve problems that got us closer to our objective. Later on, the space station in the 1970s, using even more advanced technology that could have been used for war and weaponry, helped us develop a new cooperative posture with the Soviet Union, cooling off the Cold War. This remarkable problem-solving value set helped create not just leadership in the space program, but the technological spinoffs we enjoy today.

This is the spirit we need today. We need to fight against the great ideological machine that lacks purpose, lacks integrity, and lacks aligned interests. The first step is to recognize our own place in it. If we believe that our problems are all due to the Tea Party, or Obama, or corporate power brokers, or liberals, then we're lacking the integrity necessary to reach any goal. The reality is, by boxing ourselves into a tribal two-party state, we are all part of the machine. And so, in order to change it, we must simply change our own minds. We must reorient our own ways of thinking, to a leadership driven model of citizenship. It isn't enough, or even necessarily important, to care about which politician is in charge. We must seek within our own lives and our own politics, food, culture, families, and schools, values. We must share a set of prosperity goals -- full employment, clean energy, patient driven health care, high-quality universal education -- and push our leaders and ourselves to achieve them.

Ultimately, peace and prosperity will not be made because we get rid of the animal instincts within us, the competitiveness, the passion, the need to argue. It will happen because we will use those instincts, as we did with the moonshot, to build a society that lets us take care of each other and solve our problems. And so we must figure out how to stop giving our consent and legitimacy to an unthinking mechanical beast that runs our lives, a beast which enslaves us to accounting mechanisms like debt ceilings instead of the shared prosperity we seek as a culture and society. We must figure out how to restore the integrity necessary to actually solve our problems and we must understand how to align all of our interests so we each have the incentives to solve them. That way, we can ensure our bridges don't fall down and our job creation initiatives actually create jobs.

I have no doubt that by rededicating ourselves, another moonshot is inevitable. That's just what happens when problem-solving people dedicate themselves to prosperity as a goal, make sure that integrity is the keystone of how they achieve it, and align their interests so it is doable.

My book Greedy Bastards coming soon. For more on jobs, see Jobs Wanted: Ending Rigged Trade = Jobs.

Must watch Dylan Ratigan..it's all about the kids and grandkids America. Grab a pitchfork for God's Sake!

The Dylan Ratigan Show
August 9, 2011

Dylan Ratigan is made as hell.

We’ve got a real problem…this is a mathematical fact. Tens of trillions of dollars are being extracted from the United States of America. Democrats aren’t doing it, republicans aren’t doing it, an entire integrated system, banking, trade and taxation, created by both parties over a period of two decades is at work on our entire country right now.



Major Thanks to Sal Arnuk of Themis Trading for the Head's Up! He too is a stand up grandchildren friendly human being. Follow Sal on Twitter @ThemisSal and visit him at Themis Trading LLC

Monday, August 8, 2011

Geithner not too bright according to Rep. Allen West



Politico
August 8, 2011
By Jennifer Epstein

Calling on Treasury Secretary Timothy Geithner to step down, tea party freshman Rep. Allen West (R-Fla.) said Monday that President Barack Obama’s top economic official just isn’t too bright — “when you open that refrigerator door, the lights don’t come on.”

Appearing Monday morning on Fox News Channel’s “Fox and Friends,” West said that when he interacted with Geithner at a House Small Business Committee hearing, it was clear the treasury secretary doesn’t get what’s happening in the economy.

“I don’t think that Timothy Geithner really has a handle on the fiscal situation here in the United States of America,” West said. Geithner, he said, “should move on.”

Democrats including Sen. John Kerry and Obama campaign strategist David Axelrod framed S&P’s action as the “tea party downgrade” over the weekend.

West blasted those characterizations, saying, “I find those comments to be absolutely the most insidious thing I ever heard. I think that what you continue to see from the left is looking for someone to blame.”

Meanwhile, a senior Democrat at the other end of the ideological spectrum focused Monday on where the U.S. government should cut spending.


A key reason why the U.S. credit rating was downgraded is because the country has spent too much money being “the military policemen of the world,” defense dove Rep. Barney Frank (D-Mass.) said on CBS’s “The Early Show.”

Calling for deep defense cuts is “going to be my mantra” in the coming months, the top Democrat on the House Financial Services Committee said.

Frank said he would like to see aid to western Europe – initiated in the aftermath of World War II – cut. He said that $200 billion could be slashed annually “without in any way endangering our security.”

Frank said he is “skeptical” that the bipartisan congressional committee will be able to come to a consensus on cuts by Thanksgiving.

But, he said, “there is one area I hope we can get together and that is on the military.” Though the military and the defense industry have long had “momentum” in Congress, the downgrade “could change our thinking.”


Saturday, August 6, 2011

66 Years Ago Today Drops Atomic Bomb (1945 Version of Shock and Awe...sad)

1945 Version of Shock and Awe
Not our Proudest Moment



History.Com
August 6, 2011 (66 years later) 

On this day in 1945, at 8:16 a.m. Japanese time, an American B-29 bomber, the Enola Gay, drops the world's first atom bomb, over the city of Hiroshima. Approximately 80,000 people are killed as a direct result of the blast, and another 35,000 are injured. At least another 60,000 would be dead by the end of the year from the effects of the fallout.

U.S. President Harry S. Truman, discouraged by the Japanese response to the Potsdam Conference's demand for unconditional surrender, made the decision to use the atom bomb to end the war in order to prevent what he predicted would be a much greater loss of life were the United States to invade the Japanese mainland. And so on August 5, while a "conventional" bombing of Japan was underway, "Little Boy," (the nickname for one of two atom bombs available for use against Japan), was loaded onto Lt. Col. Paul W. Tibbets' plane on Tinian Island in the Marianas. Tibbets' B-29, named the Enola Gay after his mother, left the island at 2:45 a.m. on August 6. Five and a half hours later, "Little Boy" was dropped, exploding 1,900 feet over a hospital and unleashing the equivalent of 12,500 tons of TNT. The bomb had several inscriptions scribbled on its shell, one of which read "Greetings to the Emperor from the men of the Indianapolis" (the ship that transported the bomb to the Marianas).

There were 90,000 buildings in Hiroshima before the bomb was dropped; only 28,000 remained after the bombing. Of the city's 200 doctors before the explosion; only 20 were left alive or capable of working. There were 1,780 nurses before-only 150 remained who were able to tend to the sick and dying.

According to John Hersey's classic work Hiroshima, the Hiroshima city government had put hundreds of schoolgirls to work clearing fire lanes in the event of incendiary bomb attacks. They were out in the open when the Enola Gay dropped its load.
There were so many spontaneous fires set as a result of the bomb that a crewman of the Enola Gay stopped trying to count them. Another crewman remarked, "It's pretty terrific. What a relief it worked."

Friday, August 5, 2011

Why the Market Gods are Angry (Dylan Ratigan)

"We have a broken financial system, and capitalism
has been broken in this country for some time,"



Huffington Post
By Dylan Ratigan
August 4, 2011

For nine of the last ten days, the Dow has been dropping, concluding with a 500 point drop, our biggest sell-off in two years.

What happened?

A combination of bad economic data from Europe and the US validated the market fears that Western governments lack the integrity to solve problems and meet global economic challenges.

We are witnessing well-informed investors conclude future employment and production in the West is in jeopardy as a result of the governments' apparent inability to solve problems. They are seeking to reduce their exposure to the future production of Western countries because it does not appear that these governments can deal with expectations of sustained unemployment and diminished prosperity in a way that is constructive.

"We have a broken financial system, and capitalism has been broken in this country for some time," said Seattle-based hedge fund investor Bill Fleckenstein. "Folks need to take a step back and realize that this reaction that happened today was not a reaction to the debt ceiling. We've done that dance many times before."

Data released on Monday showed that manufacturing activity in the US economy is rapidly dropping. Today Italian bonds blew up on a risk the Italian government won't be able to pay its debts. Tomorrow the assumption is that there will be yet another tepid jobs report.

And yet, the US Congress is engaged in an absurd battle about whether air traffic controllers should be paid and our president is planning a fundraising bus tour for his birthday (By the way, happy birthday Mr. President).

Is it any wonder that global investors are skeptical of American prospects for employment and prosperity? Some people ask, why today? It's not like these problems are new. I think of it as water being heated up. It's water until it hits 212 degrees, at which point it turns to steam.

Any other country in this situation would be in trouble. However, because we print the dollar, which is the global standard (or "reserve currency"), we get a stay of execution. It's why despite all of this, our government can still borrow money cheaply. This ability to borrow is a blessing and a curse. It's a blessing because it prevents a more precipitous exit from America and buys us time to fix our problems. It's a curse because it enables us to continue on this reckless path.

Let's hope that this relative market pinprick got someone's attention at the White House, or on the tour bus. Because the market's tendency is to ratchet up the pain for those who fail to recognize its message.

"Over here, [Federal Reserve Chairman] Ben Bernanke stopped QE2 and has convinced people that he has their back. Now, they've got a gun to his head and the markets are saying 'give us more QE3 or we'll melt the markets down by Wednesday. The markets are going to force the politicians to deal with these problems... we have to admit these things and solve these things."