where a group of *experimental* economists decided to feed the world's resource allocation problems into a supercomputer with an operating system that could only exist in science fiction.
The computer recommended that the easiest answer was to simply reduce certain country's populations to zero.
In reality, of course, a computer can't come up with such an imaginary solution- it would be more like "no solution found" or an extremely complex new shipping standard. But the point remains, yes, most economics problems look a lot easier when you kill off a large portion of the population.
Humbled Masters of the Universe
http://www.sldi.org/newService/SLDIFeb2009.html
Sustainable Land Development: Building a Bridge to a New Global Culture
http://www.sldtonline.com/content/view/580/1/
Amid all the bad news and demands being placed on US President Obama, Sustainable Land Development International (SLDI) has offered a reason to hope for the future by formally submitting its offer of assistance to help boost his team's economic recovery plan and policy agenda – and save the country billions in the process - http://www.sldi.org/Pressreleases/pressrelease122308.html
The AFL-CIO was late coming to the real problem - the H-1B. Instead, AFL-CIO focused on off-shoring without linking the two. Off-shoring is very difficult without the H-1B.
The AFL-CIO has never faced the painful truth - that the Democrats are no better than the Republicans on this issue.
The American technical worker has no party. The sooner we and the AFL-CIO realize this - the sooner we will have our country back.
there might be a little better image shading or something to make the quote stand out but that is unique! I don't think I have seen it in a blog before.
Also, the quotes are ridiculous.
Here is what I thought...wouldn't it be awesome to photoshop pictures of these people on the toilet with these quotes...
Truth is the real skill level for Science, Technology, Engineering, Mathematics....well, they often take their courses with Pre-med, Pre-law, etc. majors...
i.e. it's a very difficult college major...a very difficult career area and it used to be acknowledged as such..
with the prestige of career being on the level of attorney or MD.
so by labor arbitraging these career areas they have guaranteed U.S. citizens will not study it because it simply does not pay out...
so we are probably going to lose entire occupational areas which only happen to also be.....where major technological shifts and innovation for future job creation, growth would happen...
they basically just labor arbitraged the entire area to "zero" long term.
Every high school or college student who plans on investing in an Computer Science degree MUST read the following quote:
From the Business Week article:
An average salary for a software developer in the U.S. is $75,000 and it's $8,000 in India," says Mary Jo Morris, president of World Sourcing Services for Computer Sciences Corp. (CSC).
For $8,000 in the US, you are better off going on welfare and food stamps.
Computer Science is a tough field of study and therefore requires large incentives in terms of potential salary or job security. These incentives simply aren't present in the US.
and his post is simply trying to "corral" the ever growing Populist outrage. Control it, discount it and claim it exists over non-issue issues when that's not what the outrage is about.
Seriously. What people are extremely pissed about is policy. It's the big shit.
Cable TV and so on want to rail on taxes, Palin's wardrobe, executive pay and so on...
but that's not the real outrage. the real outrage is giving $700 billion dollars to the same bastards who collapsed the financial system....
while letting them continue with their predatory loans, refusal to stop foreclosures and refinance to realistic terms, outrageous credit card fees, terms, even trying to lower people's credit score for shopping at Wal-mart, bars...
they are royally pissed at special favors like giving ACORN a butt load of money with so many investigations of fraud, waste. They are sick of seeing illegal immigrants get services their taxpayer dollars pay for....while they go broke and wages are undermined. They are sick of bad trade deals, token phrases which try to imply something will be done, but then of course nothing is being done...
They are completely sick of having their jobs offshore outsourced to hear about how that's "good for America" or "right economic policy". Obviously it is not good economic policy because the U.S. is now tumbling down a cliff...
they are truly sick of hearing rhetoric and other theoretical bullshit that doesn't add up in common sense or statistical reality.
And it's true, there is almost a subscript in economic theory that talks about local economies suffering while trade "comes to equilibrium" ....well, obvious those small regional economies that will "suffer" are adding up to not only a world of hurt but also the cause the entire United States economy to suffer, in other words, these "theorists" have some seriously bad math and are not estimating correctly what happens...
but tout out their religion they will, regardless of the statistical facts!
People are pissed off at the same stuff we're writing about on EP.
It's not Daschle's tax issue, it was Daschle's strong connection to health insurance industry, profiteers of health, that was the outrage.
It's the concept that Geithner can't figure out Turbo Tax when he's going to be in charge of $700 billion dollars and also architected the original debacle.
It's not Palin's wardrobe or McCain's houses...it's that those bastards were sitting there telling people in Michigan that magically more bad trade deals, more outsourcing, more insourcing would "help them"!
They are sitting there touting corporate based policies, proven to not work and that is where the Populist outrage lies...
Hell, you cannot go to Michigan, Indiana, Ohio, Pennsylvania and say "NAFTA is good" without being plain tarred and feathered at this point.
And damn straight rust belt...and still the rust belt is just getting lip service, rhetoric, no action on what really needs to be done.
when I discussed that the "Trilateral conspiracy" of controlled disintegration must - if you want to avoid the conspiracy theorizing - be understood as radical deregulation of the nation-state's crucial Keynesian functions of controlling monetary rates, interest rates, and exchange rates, which were intended to provide a stable environment for industrial capitalism.
The Wikipedia entry on Volcker includes about all that I know of him:
After leaving the Federal Reserve in 1987, he became chairman of the prominent New York investment banking firm, J. Rothschild, Wolfensohn & Co., a corporate advisory and investment firm in New York, run by James D. Wolfensohn, who was later to become president of the World Bank.
SNIP
As of October 2006, he is the current Chairman of the Board of Trustees of the influential Washington-based financial advisory body, the Group of Thirty, and is a member of the Trilateral Commission. He has had a long association with the Rockefeller family, not only with his positions at Chase Bank and the Trilateral Commission, but also through membership of the Trust Committee of Rockefeller Group, Inc. (RGI), which he joined in 1987. That entity managed, at one time, the Rockefeller Center on behalf of the numerous members of the Rockefeller clan. He currently serves as Chairman of the Board of Trustees of the International House in Manhattan, NY. He was a founding member of the Trilateral Commission.
Federal Reserve monetary policy has been typically misrepresented as a series of ad hoc pragmatic responses to recurring crises in post-war banking and finance. The reality is that it has faithfully followed a coherent hidden thread of policy that was first laid out in 1973 by the spokesman then for America’s most powerful establishment family.
The policy was outlined in a little-noted book titled, ominously enough, “The Second American Revolution.” It was written by John D. Rockefeller III, scion of the powerful Standard Oil and Chase Manhattan Bank empire, and, along with his three brothers—David, Nelson and Laurance—architect of the world arrangement after 1945 known as the American Century.
In his book, Rockefeller declared the establishment’s determination to roll back concessions grudgingly granted by the wealthy and powerful during the Great Depression. Rockefeller issued the call in 1973, long before Jimmy Carter or Margaret Thatcher came to office to implement it. He called for a “deliberate, consistent, long-term policy to decentralize and privatize many government functions…to diffuse power throughout the society.”[10] The latter was a witting deception as his intent was not to diffuse power, but just the opposite—to concentrate that economic and banking power into the hands of a tight-knit elite.
Privatization of essential and socially useful government functions that had been established often with great social agitation and political pressure during the difficult crises of the 1930’s, was the Rockefeller agenda. In brief, it was the removal of Depression era government regulations on all aspects of economic and social life in America.
Above all, deregulation of Wall Street and financial markets was the goal, along with a radical reduction in the equalizing of wealth, as seen by Rockefeller and friends, inherent in such programs as Social Security. The George W. Bush “tax cuts for the wealthy” were just a continuation of a three decade agenda of the powerful establishment circles.
Through Larry Summers the same bastards who caused this mess are now robbing the U.S. taxpayer blind...that is in essence what he says with links, references to back it up.
Something is afoot. We have the bad banks pushing their own "policy" and now we see this....and a "delay" in the release of the "expanded plan" from Geithner.
I posted Russ Winter's blast on TARP management earlier and I hope someone is going to post on the foxes in the hen house on this one.
The idea, as drafted and as articulated by Citigroup's Flexner, is for the government to create a massive new fund to lend money at a fair price to professional investors -- pension funds, hedge funds, private equity funds and endowment funds -- for the sole purpose of providing reliable long-term financing to allow these investors to buy the various "toxic assets" in the secondary market that are now frozen on the balance sheets of financial institutions the world over.
This is a practitioners' plan, born of an inviolate belief that the way out of the current crisis is to create a dynamic where frozen assets can be bought and sold and a semblance of normal trading can resume. A version of this idea has surfaced before, most notably in an October 2008 Bloomberg column by Sandy Lewis, the onetime Wall Street arbitrageur and son of Cy Lewis, the legendary senior partner of Bear Stearns, where Lewis called for the creation of a Public Value Fund to help spur trading in the toxic assets. But unlike Lewis, Flexner, Edens and Sternlicht are still in the game and have serious Washington connections, especially with Senator Chris Dodd, chairman of the Senate Banking Committee.
It sure looks like the banks want U.S. taxpayer money to create yet another fictional value marketplace with that very money going to private firms where it probably cannot be traced too well.
What specifically are Volcker's corporate connections?
We know his "advisory" economic panel is made up of corporate lobbyists, free traitors and special interests. 2 token union people and the SEIU, well, I'm not sure how union that union really is.
What kills me is they do not even get what the Populist rage wants.
Uh, it usually amounts to when the phone calls to D.C. are ringing to the point they shut down their network and glob their fax machine.
I decided to let this comment post because it's full of rage and confusion.
We've shown that FDR's policies did help.
The idea that one should start a war plus let people die and not provide health care is borderline nuts. Somehow I do not believe murder, war and death is good economic policy.
Socialism are parts of most societies, including most of Europe, Canada ...ya know the ones where that have a good quality of life for most of their citizens and they are economically competitive as well.
This entire stimulus bill is a piece of crap... But sell it to us Obama ... This is in all honesty the point that is being totally ignored here... What got us out the Great Depression WWII - for a few reasons - it created jobs (yes jobs in the US when we actually manufactured here).. we killed off .32% of our work force sad to say but any economist will tell you - you can better a countries economy by getting rid of it's dependents. One of the worst things that has happened in America is that longevity of life has increased greatly and the baby boomers are all reaching retirement. Preventative health care seems in the long run to be costing this nation the most. So lets take this all into perspective - I agree no outsourcing of any jobs. There will have to be a bottle neck of some kind created world wide to handle the faltering global economic crisis - who will start WWIII??? Will it be on our soil - you bet your behind... but watch Washington & the Schooling system closely people they dumbing us down for years - they still don't push math & science, the history books are full of bs. They are leading us down the slippery slope into a Dumb Socialist Society with Bill Ayres at the helm. We do not need socialism and we should not want it... I agree with the protectionist agenda - look at how well it has been working for Russia for the last decade or so - I hope you all brush up on your Russian and Chinese because that is where this is headed. Let us not forget that Iran just launched a Satellite - so that means they can reach us with a Nuke - if we are lucky they will aim it at Washington and save us a lot of grief.
I agree with the sentiments in the above post - London (where I grew up) and Sydney (where I now live) has a similar structure and I suspect many other cities that have a significant 'financial services industry' exhibit stratification whereby a small overpaid elite drives up property prices, indulge themselves with egotistical services while the rest of the population gets by.
We should let the banks wither as the financial asset bubble collapses - the value of the banks is now collapsing. Therefore the numb nuts that run these institutions should be paid less and we can focus on things that create real value.
The financial services industry has been a vehicle by which the elites have been able to extract excess unearned value from society - if they greedily take more then everyone takes less.
where a group of *experimental* economists decided to feed the world's resource allocation problems into a supercomputer with an operating system that could only exist in science fiction.
The computer recommended that the easiest answer was to simply reduce certain country's populations to zero.
In reality, of course, a computer can't come up with such an imaginary solution- it would be more like "no solution found" or an extremely complex new shipping standard. But the point remains, yes, most economics problems look a lot easier when you kill off a large portion of the population.
Humbled Masters of the Universe
http://www.sldi.org/newService/SLDIFeb2009.html
Sustainable Land Development: Building a Bridge to a New Global Culture
http://www.sldtonline.com/content/view/580/1/
Amid all the bad news and demands being placed on US President Obama, Sustainable Land Development International (SLDI) has offered a reason to hope for the future by formally submitting its offer of assistance to help boost his team's economic recovery plan and policy agenda – and save the country billions in the process - http://www.sldi.org/Pressreleases/pressrelease122308.html
That is very telling! They just laid off 5,000 U.S. workers, are keeping temporary guest workers and no lay offs in India, China.
Both parties are both and paid for, that's pathetic.
I like Naked Capitalism and thank God for the bloggers on some of this crap spewing from the MSM.
The AFL-CIO was late coming to the real problem - the H-1B. Instead, AFL-CIO focused on off-shoring without linking the two. Off-shoring is very difficult without the H-1B.
The AFL-CIO has never faced the painful truth - that the Democrats are no better than the Republicans on this issue.
The American technical worker has no party. The sooner we and the AFL-CIO realize this - the sooner we will have our country back.
there might be a little better image shading or something to make the quote stand out but that is unique! I don't think I have seen it in a blog before.
Also, the quotes are ridiculous.
Here is what I thought...wouldn't it be awesome to photoshop pictures of these people on the toilet with these quotes...
for so many of them are "blowing shit".
;)
Please let me know what you think of the quoting format. This is still in development. Thank you!
Truth is the real skill level for Science, Technology, Engineering, Mathematics....well, they often take their courses with Pre-med, Pre-law, etc. majors...
i.e. it's a very difficult college major...a very difficult career area and it used to be acknowledged as such..
with the prestige of career being on the level of attorney or MD.
so by labor arbitraging these career areas they have guaranteed U.S. citizens will not study it because it simply does not pay out...
so we are probably going to lose entire occupational areas which only happen to also be.....where major technological shifts and innovation for future job creation, growth would happen...
they basically just labor arbitraged the entire area to "zero" long term.
Every high school or college student who plans on investing in an Computer Science degree MUST read the following quote:
From the Business Week article:
An average salary for a software developer in the U.S. is $75,000 and it's $8,000 in India," says Mary Jo Morris, president of World Sourcing Services for Computer Sciences Corp. (CSC).
For $8,000 in the US, you are better off going on welfare and food stamps.
Computer Science is a tough field of study and therefore requires large incentives in terms of potential salary or job security. These incentives simply aren't present in the US.
and his post is simply trying to "corral" the ever growing Populist outrage. Control it, discount it and claim it exists over non-issue issues when that's not what the outrage is about.
Seriously. What people are extremely pissed about is policy. It's the big shit.
Cable TV and so on want to rail on taxes, Palin's wardrobe, executive pay and so on...
but that's not the real outrage. the real outrage is giving $700 billion dollars to the same bastards who collapsed the financial system....
while letting them continue with their predatory loans, refusal to stop foreclosures and refinance to realistic terms, outrageous credit card fees, terms, even trying to lower people's credit score for shopping at Wal-mart, bars...
they are royally pissed at special favors like giving ACORN a butt load of money with so many investigations of fraud, waste. They are sick of seeing illegal immigrants get services their taxpayer dollars pay for....while they go broke and wages are undermined. They are sick of bad trade deals, token phrases which try to imply something will be done, but then of course nothing is being done...
They are completely sick of having their jobs offshore outsourced to hear about how that's "good for America" or "right economic policy". Obviously it is not good economic policy because the U.S. is now tumbling down a cliff...
they are truly sick of hearing rhetoric and other theoretical bullshit that doesn't add up in common sense or statistical reality.
And it's true, there is almost a subscript in economic theory that talks about local economies suffering while trade "comes to equilibrium" ....well, obvious those small regional economies that will "suffer" are adding up to not only a world of hurt but also the cause the entire United States economy to suffer, in other words, these "theorists" have some seriously bad math and are not estimating correctly what happens...
but tout out their religion they will, regardless of the statistical facts!
People are pissed off at the same stuff we're writing about on EP.
It's not Daschle's tax issue, it was Daschle's strong connection to health insurance industry, profiteers of health, that was the outrage.
It's the concept that Geithner can't figure out Turbo Tax when he's going to be in charge of $700 billion dollars and also architected the original debacle.
It's not Palin's wardrobe or McCain's houses...it's that those bastards were sitting there telling people in Michigan that magically more bad trade deals, more outsourcing, more insourcing would "help them"!
They are sitting there touting corporate based policies, proven to not work and that is where the Populist outrage lies...
Hell, you cannot go to Michigan, Indiana, Ohio, Pennsylvania and say "NAFTA is good" without being plain tarred and feathered at this point.
And damn straight rust belt...and still the rust belt is just getting lip service, rhetoric, no action on what really needs to be done.
when I discussed that the "Trilateral conspiracy" of controlled disintegration must - if you want to avoid the conspiracy theorizing - be understood as radical deregulation of the nation-state's crucial Keynesian functions of controlling monetary rates, interest rates, and exchange rates, which were intended to provide a stable environment for industrial capitalism.
The Wikipedia entry on Volcker includes about all that I know of him:
William Engdahl does a great job of exploring the sordid tale of Volcker, Rockefeller, the Trilaterals, and others, in the context of advancing their (what it amounts to) neo-liberal agenda, in The Financial Tsunami: The Financial Foundations of the American Century:
Through Larry Summers the same bastards who caused this mess are now robbing the U.S. taxpayer blind...that is in essence what he says with links, references to back it up.
I wonder if it applies to these homesteads?
and also has more influence than Geithner.
Which is exactly what was said in that Institutional Risk Analytics interview last week.
No sense getting up; might as well stay bent over.
Larry Summers says Private Capital answer to banks.
Something is afoot. We have the bad banks pushing their own "policy" and now we see this....and a "delay" in the release of the "expanded plan" from Geithner.
I posted Russ Winter's blast on TARP management earlier and I hope someone is going to post on the foxes in the hen house on this one.
Citigroup and others have their own proposal
It sure looks like the banks want U.S. taxpayer money to create yet another fictional value marketplace with that very money going to private firms where it probably cannot be traced too well.
What specifically are Volcker's corporate connections?
We know his "advisory" economic panel is made up of corporate lobbyists, free traitors and special interests. 2 token union people and the SEIU, well, I'm not sure how union that union really is.
What kills me is they do not even get what the Populist rage wants.
Uh, it usually amounts to when the phone calls to D.C. are ringing to the point they shut down their network and glob their fax machine.
I decided to let this comment post because it's full of rage and confusion.
We've shown that FDR's policies did help.
The idea that one should start a war plus let people die and not provide health care is borderline nuts. Somehow I do not believe murder, war and death is good economic policy.
Socialism are parts of most societies, including most of Europe, Canada ...ya know the ones where that have a good quality of life for most of their citizens and they are economically competitive as well.
This entire stimulus bill is a piece of crap... But sell it to us Obama ... This is in all honesty the point that is being totally ignored here... What got us out the Great Depression WWII - for a few reasons - it created jobs (yes jobs in the US when we actually manufactured here).. we killed off .32% of our work force sad to say but any economist will tell you - you can better a countries economy by getting rid of it's dependents. One of the worst things that has happened in America is that longevity of life has increased greatly and the baby boomers are all reaching retirement. Preventative health care seems in the long run to be costing this nation the most. So lets take this all into perspective - I agree no outsourcing of any jobs. There will have to be a bottle neck of some kind created world wide to handle the faltering global economic crisis - who will start WWIII??? Will it be on our soil - you bet your behind... but watch Washington & the Schooling system closely people they dumbing us down for years - they still don't push math & science, the history books are full of bs. They are leading us down the slippery slope into a Dumb Socialist Society with Bill Ayres at the helm. We do not need socialism and we should not want it... I agree with the protectionist agenda - look at how well it has been working for Russia for the last decade or so - I hope you all brush up on your Russian and Chinese because that is where this is headed. Let us not forget that Iran just launched a Satellite - so that means they can reach us with a Nuke - if we are lucky they will aim it at Washington and save us a lot of grief.
I agree with the sentiments in the above post - London (where I grew up) and Sydney (where I now live) has a similar structure and I suspect many other cities that have a significant 'financial services industry' exhibit stratification whereby a small overpaid elite drives up property prices, indulge themselves with egotistical services while the rest of the population gets by.
We should let the banks wither as the financial asset bubble collapses - the value of the banks is now collapsing. Therefore the numb nuts that run these institutions should be paid less and we can focus on things that create real value.
The financial services industry has been a vehicle by which the elites have been able to extract excess unearned value from society - if they greedily take more then everyone takes less.
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