mixed review 6-22-12 (THE REAL OCCUPATION OF WALL STREET)

THE 1st ITEM OF THE NIGHT IS: Stacy Herbert & Max Keiser occupy wall street.


Who is the real occupy Wall Street? Max Keiser talks about; wage slashing, off shore banker fraud, money counterfeiting, forced lowering of interest rates, 2% of counterfeiting unaccountability, fractional reserve, the IMF, and AUSTARITY, this is a true occupation of wall street. With one simple demand, NO MORE PONSY SCAME ECONOMY!




It is clear, the verdict is in, and Wall Street is responsible for the Global Economic crises. How? The inverted pyramid archetype and all its earthly forms, the use of minimal collateral to leverage as much credit as possible: the backing of all the lawns with only a fraction of their value in deposits, instituting of the FDIC as a tax funded insurance base for fraudulent banking processes, credit default swaps, and cooking books with “phantom wealth." In this interview Via Broadband says, "I think we can talk about austerity as a kind of a fraudulent concept." why? "We’re tightening our belts to pay somebody else’s debt." So there you have it, the occupy wall street movement might be history  at this point,(for all I know) but the truth will never die, Wall Street Banks are responsible for the economic bubble and its subsequent explosion!

The 2ed ITEM OF THE NIGHT IS: An esserpt from d.a.levy's SUBURBAN MONASTERY DEATH POEM, & a video of the people protesting bank of America.

What follows is not my own writing, but a poem by D.A.Levy.

i cld try to tell you
about the hopeless despair
ingrained in ghetto walls
& police brutality or police stupidity
or police reality is more than just words
to define situation
by students looking for a cause.
the situations exist & continue
quietly in the dark while the
protest goes on in daylight -
both unheard.
Really
the police try to protect
the banks - and everything else
is secondary
during the riots
i watched the news
& didnt pick sides for a change
i just sat wondering about all
the living room revolutionaries
safe in the suburbs
who cheered everytime someone
was shot or a building went up
in smoke
ten blocks away
it was real
thousands of tourists
arrived

THE 3ed ITEM OF THE NIGHT IS: MODERN MONEY MECHANICS (official Federal reserve document).


The expressed purpose of Modern Money Mechanics is to explain how money is created through the "fractional reserve system." The booklet was produced by the Federal Reserve Bank of Chicago, so being produced by the bankers, themselves- it is a great revelation of the inherent corruption in the money production machine. It is my hope that through the reading of this fine text you will be able to wield the words of power agents its self. This is how the idea works: you pick a passage from the text,


"Money's real value can be measured only in terms of what it will buy. Therefore, its value varies inversely with the general level of prices. Assuming a constant rate of use, if the volume of money grows more rapidly than the rate at which the output of real goods and


services increases, prices will rise,"(p.2 MMM) then you take than you fallow the statement to its logical conclusion- like this- so the fact that the average car coasted about $640 in 1930 and is now somewhere around $28,400, is by your own admission due to the fact that you continue to print more money than we need? See. As a side note in case you don't think inflation matters because wages also go up then think again, inflation affects your savings regardless if your income increases, and sense the 70s the average income has not increased or even keep pace with inflation (for more on this check out Richard Wollf's Capitalism hits the fan).





The point is that when The Federal Bank of Chicago prints a publication that’s state that they control the printing of money in order to limit inflation, while outside their office windows, in the real world, inflation is going wild in the streets, this can be safely considered an admission of guilt. So you see, by carefully reading documents like Modern Money mechanics, and using their words to open the political discourse, we can gain more democratic power. I would like to see this done all kinds of legal and policy documents like, the financial services modernisation act, citizen united v federal election commission, CISPA, ect. In this way we will all begin to engage "our" democracy more directly.



If you have trouble understanding the Modern Money Mechanics document, then here’s a helpful YouTube.

The link: MODERN MONEY MECHANICS


THE 4th ITEM OF THE NIGHT IS: The Monetary Reform Act.



So hopefully by now it's clear to you that Wall Street is to blame for credit bubbles and the economic catastrophes that follow, but you might be wondering what we can do about it. Well, there is two options that I know of, the first is the Monetary Reform Act, and Dennis Kucinich the [NEED] act, both of which call for an end to the Fed and it's the ever inflationary fractional reserve system. I encourage you to read both of them and then contact your congressmen & congresswoman, and


Express your support for both or either one of them. One thing is for shore perpetual monetary inflation is not sustainable, and something must be done about it.

Monetary Reform Act

The [NEED] act

Mixed review 6/7/12 (peace on earth)

THE FIRST ITEM OF THE NIGHT IS: Forgotten Land by Merzbow.

THE SECOND ITEM OF THE NIGHT IS: Aaron Weiss of mewithoutyou on peace in 2006.

THE FOURTH ITEM OF THE NIGHT IS: Eastern Orthodox chant (in english).

THE FITH ITEM OF THE NIGHT IS: Valaam "Step to the Skies"(A documentary about the eastern Orthodox faith).

This video depicts everything I love about the Eastern Orthodox Church.



Make shore to watch all 7.

THE SIXTH ITEM OF THE NIGHT IS: an exserpt from Guy Debord's Society of the Spectacle.



4. The spectacle is not a collection of images, but a social relation among people, mediated by images.



Mixed review 5-31-12 (DEMOCRATS!)

The 1st Item of the night is: Paul Krugman talks about trical down economics.

This is Paul Krugman, American economist, op-ed columnist for The New York Times, and avid defender of Neo-Keynesian economics. First off, I have to say that there are many things I agree with here, if not in circumstantial manner: the sole pursuit of self interests is bad, the post 1970s minimum wage erosion was bad, union busting is antithetical to freedom and is bad, and tax cuts for the rich at the expense of the poor and middle class is also bad. All these factors are a result of a kind of trickle down economic philosophy that assumes that bosses will toss down there capital gains if given the chance, ironically only one of these could logically be called smaller government because most of these involve more government intervention, and even exploitation of the people, I mean even a philosophy of self interest when applied as Dick Chainy did for Haliburton is clearly big government, and if you consider that trickledown economics doesn't only mean tax cuts but corporate subsidies then NO these policies do not reflect smaller government. So the only one that could be called smaller government is the erosion of the minimum wage, and I agree that lowering the minimum wage particularly in our monetary system is unjust.

The funny thing is that I don't think that mandatory weekends are to far left, to me that sounds pretty rad! And I don't really think Krugman disagrees with Germany here either, I think he's throwing us a straw man because Germany is doing pretty good right now compared to other European counters, so why would he pick on their economic policies.


Paul Krugman says well fair is not one of his favorite programs, but republicans hate SCHIP. I looked up S-CHIP, it was a bill to expand health care for children, and indeed as it turns out Bush vetoed two attempts to expand  its funding- WOW! This from a guy that signed a "$190 billion farm bill that promises to expand subsidies to growers."(CNN) And to his credit  President Barack Obama signed the Children's Health Insurance Reauthorization Act of 2009.

Now, earlier I stated that lowering the minimum wage is unjust. This is for two reasons one because of what the New Keynesians, like Krugman, call sticky markets, this is one of the places where I agree with the Keynesians. A sticky market is the delay between an increase/decrees in demand for a commodity and the supply of that commodity, when this delay occurs the commodity is marked higher then what people will pay for it or lower then people can sell it. The other factor, for which Keynesian economics is a notorious contributor, is inflation which is caused by the watering down of the value of a currency through the increase in that currencies supply. Now for how these two factors come together, because the printing of new money through fractional reserve, and Fed lawns is a constant factor, the increase in money also is a constant factor and the devaluing of the dollar too is a constant factor, and finally the devaluing of the workers wage which is dollars is a constant factor. Then the problem is compacted when the worker instead of demanding a rise to pay his living expenses orders a credit card that contributes to the devaluing the vary wage he is trying to compensate for.
(Richard d. Wolff' talks in-depth about this in his YouTube video Capitalism Hits the Fan, you can see this video on my post capitalism and its fans.)

The final irony in all this is that because printing money lowers they value of the money, Keynesian policies lead to the devaluing of the savings of the people who most need the Medicare programs the Keynesins like  Krugman advocates, thus making those programs all the more necessary. So I say, as long as The Fed and other financial institutions, such as GM motor company, (as it turns out GM is also a bank, looks like the banks are the problem again)(CNN) continue to inflate the money supply the government should never decrees the minimum wage.

   

    Here, Paul Krugman explains that Democrats get campaign money

       From banks while republicans get theirs from corporations, hm?!

                                        

                              

Maybe you noticed something in all this talk about banking and deficit spending. The politicians that want more spending on things like Medicaid are usually more willing to support, and to take campaign contributions from banks. I want to say, that this is because programs, that hike up the national deficit, like Medicare, are going to be more favorable to those that benefit from debt, the banks, and conversely the Democrats need the support of the banks to do what they really want to do, which is pervade good health care. The problem is that programs like Medicare are needed by millions of people, and, and apart from all the corruption that surrounds them are-you know-are a good thing. So it’s understandable why "good" people, like Paul Krugman, would fever these inflationary tactics. But inflation and watering down the value of the dollar is really bad for people that depend on savings and people with flexible mortgages. So what can be done? Of of course there’s the whole End the Fed thing, which would cut the fraudulent banks off from their never ending source of paper, but that would mean that we wouldn't be able to do deficit spending. So what are some ways that we could fund the programs that democrats want without inflating the currency or promoting nepotism?

A couple of solutions I've come across are the state bank of North Dekota, and
Dennis Kucinich's N.E.E.D act., doubtlessly the Fed needs to end, but these solutions could pick up the slack in a way that the gold standard, on it's own, might not be able to.

The 2ed Item of the night is: Bank of North Dakota the only None Fed insherd bank in America.

The Bank of North Dakota is a unique case in the United States, it is a state bank that pays no interest to the Federal Reserve. Could this be the future of banking.

                                        

Heres a motherjones interview with Bank of North Dakota presedent  Eric Hardmeyer: http://www.motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street

The 3ed Item of the night is: Democrat and US Congressman Dennis Kucinich explains monetary Reform.

This is a link to the official Govermant site of H.R.2990.