Tuesday, July 26, 2016

Observations on the 2016 Democratic National Convention

The Democratic National Convention is in Philadelphia at the Wells Fargo Center.
WFC is one of the Big Five Banks, and profited from government largesse in the wake of the 2008 Financial Crisis.

The DNC has a double wall encircling the Wells Fargo Center.
The Democratic Party is pro-amnesty for illegal immigrants, and attacks Trump for his proposal to build a wall on the Mexican border.

Security at the convention is armed.
The Democratic Party is pro gun control and avowedly wants to disarm Americans.

Attendees to the convention must show ID to gain entrance.
The Democratic Party is opposed to showing ID to vote.




The 2016 Democratic Party platform is here.

Still assuming 8%

AG Loretta Lynch formerly served on the board of the New York Federal Reserve, 2003 to 2006.
Tim Geithner, now of Warburg Pincus, was President of the New York Federal Reserve from 2003 to 2009. That period of time also known as the run up to and including the Great Crash of 2008.


From there he sashayed into Pres. Obama's Cabinet as Treasury Secretary.

When you look at the projected annual rate of return by Chicago-area public pension funds, one can understand why Moody's was compelled to downgrade all levels of government in Illinois.
The lowest one is 7.5%. 7.5%!
The CTA is at 8.25%! There's a footnote stating the CTA lowered their annual rate of return projections in 2013 - from 8.5%.

The City of Chicago details where the funding for public pensions comes from:


Patrick Jenkins in the July 26 Financial Times notes:


Wednesday, July 20, 2016

In The Wake of the Turkish Coup Attempt

In the Financial Times ongoing coverage of Erdogan's post coup attempt clean up they note:

The pilots followed (illegal) orders in November 2015, and now in a rank act of political expediency they are classified as plotters. Grim outlook, indeed.

As a refresher on that shoot down of the Russian Su-24, from the Financial Times 3 December 2015:

A commenter on the coup attempt article observed:

A vote for Clinton is a vote for the status quo

The Republican Convention is entering Day 3 in Cleveland.

Flashback from The Hill, June 3 2016, Susan Sarandon on Hillary Clinton:
Actress Susan Sarandon says Hillary Clinton's foreign policy makes her a greater national security risk than Donald Trump, adding it's "inevitable" the White House hopeful will be indicted... [S]he did not learn a thing from Iraq. She is an interventionist. She's done horrible things, horrible things, and very callously[.]... Trump's ideas are too implausible to be dangerous.
Another way of putting it:
HRC is a warmonger. See Libya, Syria, Iraq, Russia (via Ukraine), and Iran.
HRC agrees with torture as a policy of state. See countries listed above.
HRC prefers secret treaties over open negotiations. See TPP et al.

From the International Business Times regarding Clinton and the TPP,6 June 2016:
The State Department originally said it estimated the request would be completed by April 2016. Last week the agency said it had completed the search process for the correspondence but also said it was delaying the completion of the request until late November 2016 — weeks after the presidential election. The delay was issued in the same week the Obama administration filed a court motion to try to kill a lawsuit aimed at forcing the federal government to more quickly comply with open records requests for Clinton-era State Department documents.Clinton’s shifting positions on the TPP have been a source of controversy during the campaign: She repeatedly promoted the deal as secretary of state but then in 2015 said, "I did not work on TPP[.]
And for those who say "if you don't vote you can't complain:"
I used to have that position too.
But I learned a few things and evolved my position.

To wit:
There's massive, coordinated election fraud across the country.

Governments at all levels extract money from you with the threat of force. You are certainly entitled to complain about an entity that does that to you.

And finally - the only ones who can't complain are the ones who voted for the people in office. The entire concept of "not wasting my vote" is an anathema. Don't vote for someone just because you think your vote will be wasted on a 3rd party candidate. This is the very reason we're stuck in a two-party combine machine.