Harvesting Revulsion ~ The Risk Averse Alert

Tuesday, February 21, 2012

Harvesting Revulsion


Just as quickly as German President Christian Wulff was taken out late last week, a return volley aiming at the French bailout crowd scored a former IMF chief turned sex freak. Vicious intrigues affecting political dynamics within the euro-zone's core member states have to be a concern when, beyond a still hopeless Greek situation are problems uniformly judged an order of magnitude greater...


Word has it, "The EU will fracture ... as more serious issues [in Spain] are confronted." Hmmm, what shocking developments might await NATO, then? Not helping on this account are U.S. Senators chiming in as political contenders for the "Allen Schwartz, nothing to see here(?)" 2012 foreign diplomacy award. These men are not terribly vigilant pressing their case for democracy, at least in any way that can be taken seriously. And where is the Secretary of State, a "friend" of Syria, promoting the virtues of American history: how a Declaration of Independence drafted by a unified opposition against a tyrannical oppressor has proven invaluable to securing the longevity of this nation's righteous cause. Absent voice seeking and advising "a decent respect for the opinions of man," American policy embracing the Syrian uprising is to be seen none the less trustworthy? Not in its own right, and not even if contrasted with the not-so-unrelated Greek deal. Only shades of gray, really, separate policies feeding death on one side with munitions arming a terrorist-linked "opposition" while on the other a nation of innocents is willfully starved at the behest of "the market." All together, plentiful is the harvest for a worldwide U.S. revulsion and discrediting: a possibility whose fruition, as well, could upset the Pentagon's recently announced strategic realignment to the Asia-Pacific region. Thus, General Dempsey's wise call to reason vis-a-vis Iran. The ground for cultivating political will to reinstate Glass-Steagall, too, thus is made more fertile now for rational actors on the American stage. Lord knows, the relentless impact of hyperinflationary breakdown of the physical economy is bringing out the best in sophists trying to blame growing tensions with Iran for the massive theft by the "invisible hand" occurring at the gas pump. Yet supply collapsing faster than demand rather lies at the root of this problem...
Unknown is whether the same hyperinflationary breakdown process is behind the shortage of drugs for treating many kinds of medical conditions, including cancer. It's rather likely increasing shortages over the past couple years are attributable to such policies as lenders of last resort have adopted to prop up a mountain of debt made unsustainable with the collapse of Adam Smith's Leveraged Ponzi Scheme in the 2007-2008 period. No one can blame the Fed for a lack of transparency per this potential resulting from a quantitative easing whose continuance assuredly will only intensify its destructive effect. The more illegitimate debt of old is "stabilized," the faster "excess capacity" (the Fed's euphemism) will be shed. No doubt, the incompetent hacks at the Fed and Treasury must be big "Talking Heads" fans...
Death delivered under cover of policy said to venture something beautiful comes with being an imposing fascist. Fast Money
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