Saturday, June 11, 2016

Ah, so desu ka? Why Zimbabwe is Importing Small USA Bills

Whenever we read of African countries in distress, the storyline is these people cannot govern themselves.  Hence USA has an Africa Command to … feel… command Africa I guess.

Keep in mind all of the leaders of these countries were educated at Harvard and Yale and Stanford and Oxford, so they actually use Anglo Hegemon methods, and get Anglo Hegemon results.
The Reserve Bank of Zimbabwe will import, largely, low dollar denominations to curb the incessant large scale outflow of US dollars This comes as the central bank is working on introducing bond notes, backed by a $200 million Afreximbank facility to bridge the cash and liquidity gap and also provide an export incentive to stimulate and grow the economy. RBZ foreign exchange control director Mr Morris Mpofu said large denominations such as the $50 and $100 notes appeal to people who are moving the cash out of the country.
Mr Mpofu said that this is largely because the dollar is attractive to international criminals and others who are hunting it while there is concentration pressure from the predominant use of the greenback as the transacting currency.
Ah yes.  The problem is not the stupid, anti-human capitalist policies they learned at Harvard, it is "international criminals."  Who spend a lot of effort in Zimbabwe. So the government has created a mess by its policies, and it will attempt to fix it by bringing in small denomination greenbacks.  Largely.
According to the RBZ's monetary policy, a total of $1,8 billion was taken out of Zimbabwe in 2015 alone through illicit financial outflows and together with the huge import bill, have worked to create the cash and liquidity problems.
No, the hegemony policies create liquidity problems by shutting out any free market in credit and currency.
"That is why, now, we are going to import small denominations; $1, $5, $10 and $20, which they cannot take out.
The $100 and the $50 (notes) are what they get attracted to and they ship it out (of Zimbabwe) anytime.
"(But the small denominations) they are heavy, they are bulky so it is not easy to carry them in a briefcase for purposes of moving huge amounts of money (especially much sought after US dollars out of Zimbabwe), Mr Mpofu said.
The only possible explanation is those "international criminals" are government leaders who wish to keep the dollars flowing, so they took took out  a $200 million loan more on the backs of Zimbabweans with the intent to skim it off to as it shows up on the radar screen.
The RBZ exchange control director was briefing Acting Japanese Ambassador to Zimbabwe Dabide Tsunakake who sought clarity on what he said were some of the fears among investors from Japan looking to invest in Zimbabwe.
The Japanese Ambassador asked for clarity, not hilarity.

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Friday, June 10, 2016

Tax Receipts Falling

If tax receipts are falling and claims on government services are increasing, then there will be a fight over who gets what.
US federal personal tax receipts receipts are falling fast. So is the Evercore ISI State Tax Survey.
The last two times the survey plunged this much, the US was already in recession.
Get as far away from that fight as possible.  If you have claims on government, kiss it goodbye.  If you have property, paycheck or pension, put it into a small business.

It does not matter what the business is, it can be mobile bicycle servicing, just be part of the recovery but stay away from the fighting over scraps in the meantime...

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Wednesday, June 8, 2016

List Of Crimes That Became Hegemon Policy

Crime is a bad idea, but sometimes such criminal ideas become government programs.

1. Ponzi Scheme.  After the Ponzi scheme first appeared, and Ponzi was jailed, the government offered social security, a Ponzi scheme.

2. Fractional Reserve Banking.  It had always been a crime to create more currency than you have gold and silver to back it, but once the bankers got Uncle Sam to back them in 1913, it became the law.  Beal Bank was prosecuted for not lending enough, holding on to too much cash.  beal won, but that shows you how corrupt the program is.

3. Lending credit.  This is a step beyond fractional reserve banking.  There is zero assets behind the loan.  The loan itself putatively creates the assets.  We lend you pretend assets, and pretend the house you will build is the assets.  If you fail to build the house, you owe us real money, not pretend money.

4.  Mad scientist human subject trials have always been criminal.  When the CDC out of Atlanta got caught in 1974 running cruel experiments on humans, the Tuskegee Experiments, no one went to jail.  Indeed, the lawed were simply rewritten to where now they are secret and at the presidents orders.  Good to know sea re now safe.

What other crimes have become policy in capitalist democracy?

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Tuesday, June 7, 2016

Big Projects: Thanking Satan?

In the history of the Jews, disaster always struck when the Jews got into satan worshiping.  Not something to even play at.

Now here is an odd event, the celebration of the completion of the tunnel under the Alps connecting Italy and Europe shaving off an hour's drive time.  That link takes you to a Russian report, here is another look.

The "entertainment" is straight up satan-worship ritual.  It mocks the workers who built it, and celebrates the triumph of satan.

Now who knows if the event master was presenting this black mass to mock the assembled heads of state as satanic, a not uncommon insult that artists are fond of doing.  Michelangelo used the face of his patron, Pope Julius, as the model for satan in his Sistine Chapel.  Mike Meyers based Dr. Evil on the mannerisms of his boss, Lorne Michaels.  Or was he giving them what they wanted, a black mass. a straight-up satan worshiping event.

There are plenty of people who should know that claim these people are in fact notorious satan-worshippers.  I know some play at it, The Bohemian Club in San Francisco and Skull and Bones sure maintain such rituals.

I guess the test of whether it was an insult or serious is the reaction of the world leaders present to the event.  Were they insulted, or were they pleased?

The world leaders gave an enthusiastic standing ovation.

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Monday, June 6, 2016

And Now They Rebrand Bud "America"

"Why would anyone want to..?*

That was the reply from a VP for sales at Brown Forman, the big booze maker when I asked if it was viable to clear $5 a case on sales of 10,000 cases per year, given regulations etc...

Why would anyone want to make only $50,000 in the beer business?  Well, when your business is your lifestyle, and after paying for your lifestyle, you had $50,000 left over, wouldn't be worth it to anyone?

I can think of plenty of people who would take that gig.  In the meantime, we may need them soon enough.  Stockman again, like a High School auto shop teacher, explains how everything works in this economy, their economy:
As a case in point, the $46 billion of bonds sold by the owners of Budweiser last night where priced at a ten-year yield of 3.67%, which means that after taxes and inflation, the company’s borrowing cost was hardly 1%. Yet, as explained more fully below, the only point of this massive offering was to fund with nearly free long-term capital the huge payday for speculators in SABMiller stock that will result from the $120 billion Anheuser-Busch InBev (BUD) takeover transaction.
Keep that in mind… it is not about the companies and long term goal, it all about the upfront payday to the dealmakers.  These are the patterns and practices of capitalism as enshrined in our laws. We need free markets.  Deregulate banks first, everything else false economy will wither. Another great textbook chapter.

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Sunday, June 5, 2016

White Anglo Saxon Protestants To Allow People Brown and Darker to Make Their Own Medicine!

Let's start with sheer mendacity:
It costs pharmaceuticals companies about $2.6 billion to develop a new drug. If these companies were not allowed to protect their investment with patents, it is doubtful that any new drugs would be developed. So patents are an important incentive.
This is simply not true.  They may spend $2.6 billion, but it costs no more to create a new medicine than develop a new candy.    The drug companies  certainly write off $2.6 billion, so they pay no taxes.    They can charge off the most egregious expenses, under the patterns and practices of capitalism, and then cause economic harm by limiting access to medicine.

Now, since poor countries cannot afford the medicines, USA taxpayers have subsidized the export of USA medicines to these countries, who in turn shipped them back Fedex one prescription at a time, to eager USA end-users.  This hurt profits.  So USA Republicans passed the medicare prescription act, the greatest single expansion of welfare in history of mankind.   The export round trip trade dried up.

Now that there is no market in USA for cheap drugs (taxpayers provide subsidies for the usa made drugs now, in USA)  Big Drug is now happy to allow the Congo and Cambodia to make their own drugs.  How about that!

White folk are allowed to exist first, and if there is room, then people brown and darker can exist.  But not until we are comfortable.  As MLKing said (and it got him murdered) "America is the #1 purveyor of violence in the world."

Is it any wonder people all over the world are sick of their politicians?

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