January 18, 2011 archive

My country,’ tis of thee,

Ya know how sometimes you’re just driving in your car, thinking, and you see something out of the corner of your eye, you’re supposed to be paying attention, ya know, you’re driving, but it’s a Stop Sign and you glance over to the right and you see a “hobo” (okay homeless man, but the kids call ’em hobo’s) takin’ a swig off his jug of MadDog and its noon and his shopping cart and his dog are just waiting there patiently beside him, and you’re driving so you can’t really look and you don’t really wanna look but you do and it just… All… Hits you … all at once. And all you really want to do is just curl up into the fetal position and bawl.

But you’re driving. There’s no cars coming so you proceed through the little intersection in your little corner of your little section of town in your big city and you just. keep. going.

But somehow you find yourself inexplicably…. singing:

My country,’ tis of thee,

sweet land of liberty, of thee I sing;

land where my fathers died,

land of the pilgrims’ pride,

from every mountainside let freedom ring!

No? That never happens to you? Well. That’s what happened to me today.

What have we come to? How could we have allowed this to happen?

My country. My people. Who are we?

And who have we become?

My country,’ tis of thee,

Ya know how sometimes you’re just driving in your car, thinking, and you see something out of the corner of your eye, you’re supposed to be paying attention, ya know, you’re driving, but it’s a Stop Sign and you glance over to the right and you see a “hobo” (okay homeless man, but the kids call ’em hobo’s) takin’ a swig off his jug of MadDog and its noon and his shopping cart and his dog are just waiting there patiently beside him, and you’re driving so you can’t really look and you don’t really wanna look but you do and it just… All… Hits you … all at once. And all you really want to do is just curl up into the fetal position and bawl.

But you’re driving. There’s no cars coming so you proceed through the little intersection in your little corner of your little section of town in your big city and you just. keep. going.

But somehow you find yourself inexplicably…. singing:

My country,’ tis of thee,

sweet land of liberty, of thee I sing;

land where my fathers died,

land of the pilgrims’ pride,

from every mountainside let freedom ring!

No? That never happens to you? Well. That’s what happened to me today.

What have we come to? How could we have allowed this to happen?

My country. My people. Who are we?

And who have we become?

Does Money Make You Stupid?

Crossposted in part from The Stars Hollow Gazette

I can of course only speculate (unless you want to give me some), but returning to the theme of last week’s Gold diaries, including 2 by TranslatorPopular Culture and Pique the question always is can you eat it?

Gold is easily digestible, since it is non reactive, but it has no nutritional value.  It’s eating dirt, like the Haitians.

Oil is more dirt eating, only it goes up in the air to kill us and is quickly disappearing.  A real economist would expect the value of Gold v. Oil to decline due to supply and demand, but what do I know?

The real utility of Money is not as a store of value, but as a medium of exchange.  By turning over the ability to create money to private enterprises with little regulation through leverage we’ve encouraged a series of financial inflations in the speculative value of assets that will never be realized in a free market.

Even the most Randian will admit there will be winners and losers, their problem is that compared to their exposure to loss there is literally not enough money in the world to cover their bets.

Eventually it’s this shadow economy that’s going to have to take a hair cut and a devaluation.

Why?

Because that’s where the money is.

If you are leveraging 30 : 1 (that is, betting 30 for every 1 you actually have) where is the bigger number?

Sunday Train: Quiet Progress Edition One ~ Superelevation & Cant Deficiency

Burning the Midnight Oil for Living Energy Independence

I’ve mentioned several times that there are lots of Federal Rail Authority regulations that are impediments to developing sustainable transport in the United States.

One of these is in the area of “superelevation” and “cant deficiency”. Superelevation is the term used in railroading for the degree of banking provided in a turn. Just as banking a turn on a road makes it possible to take the turn at a higher speed more safely, banking the track on a railroad line makes it possible to take a turn at higher speed more safely. In US rail, its measured in the inches of the higher rail above level.

And it might seem minor technical details, but this is really critical for how much new passenger transport we can get out of our existing rail alignments for how much money.

Kevin Drum: Financial parasites “almost” out of control.

In response to lamentations about the utter vacuum of serious left-wing discourse in the blogosphere, and the more general neoliberal bent of the nominal left, Kevin Drum replies:

I plead guilty to some general neoliberal instincts, of course, but I plead guilty with (at least) one big exception: I am very decidedly not in favor of undercutting labor rights in order to stimulate economic growth, and I’m decidedly not in favor of relying solely on the tax code to redistribute wealth from the super rich to the rest of us. What’s more, the older I get and the more obvious the devastating effects of the demise of the American labor movement become, the less neoliberal I get. The events of the past two years, in which the massed forces of capital came within a hair’s breadth of destroying the world economy, and yet, phoenix-like, have come out richer and more powerful than before, ought to have convinced nearly everyone that business interests and the rich are now almost literally out of control. If they haven’t, what would?

What indeed would it take to convince Drum that the financial parasites are unequivocally “out of control?”  

Imagine if Jared Loughner had not killed anyone, but only “winged” a few people as he wildly sprayed bullets into the crowd before his spree was temporarily arrested.  Would Drum call that behavior “almost literally out of control.”  Would Drum’s enthusiasm for psychotically-motivated shooting sprees be only somewhat dampened?  Or would he support giving Loughner molecular grade methamphetamine and a larger gun clip?

The fact that Drum remains the least bit equivocal on the question of whether the theoretical basis for the neoliberal agenda has completely and unequivocally de-bunked, shredded, gutted and strangled itself with its own entrails tells you all you need to know about his ability to examine the evidence.  The proportion of bad news accounted for by the neoliberal agenda approaches 1.0, and compared to the Loughners of the world,  zombie money kills real people, on a much, much grander scale.

If you are not pierced in the heart with fear upon hearing Drum’s ambivalent concerns about neoliberalism, and the lack of true left-wing voices, much less the massing of left-wing armies on our ideological borders against the imminent existential threat resulting from financial weapons of mass destruction, don’t even bother to duck and cover when you see the white-hot flash on the horizon.  The annihilation will be systemic and global.

Barack Obama guarantees it:

Barack Obama is 130% pro-parasite.

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