Tuesday, December 29, 2009

AIG undervalued??? I'm not so sure....

According to financial data shown on Yahoo Finance, AIG's book value per share is actually higher than it's currently trading at...

Book Value Per Share (mrq): 37.637001
Current Share price: 31.870000 7:59pm ET 12/29

of course, I don't buy those numbers and I don't think AIG is really worth what it's trading for, even at $31.87 a share. Important note on Book Value Per Share: it includes the acquired cost of the assets of a company e.g.- the now significantly devalued assets at their prior purchase price...

For more info & statistics go to http://finance.yahoo.com/q/ks?s=AIG or see the attached image

Tuesday, September 29, 2009

FDIC May Propose Banks Prepay Fees

http://www.thestreet.com/_yahoo/story/10604444/1/fdic-may-propose-banks-prepay-fees.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Thursday, September 24, 2009

Why Pundits & Jim Cramer Should Can It

.... coming soon

[Jim Cramer & AIG]
http://www.thestreet.com/p/_search/rmoney/jimcramerblog/10601788.html

Wednesday, September 23, 2009

The FOOLs are in RUINS

Ah, well, perhaps not yet, but the frequent nay-saying of Motley Fool and the cries that there is little profit to be made with seemingly "risky" investments in companies like AIG, C, BAC, WFC, JPM, and _ is ridiculous.

Now I understand where the FOOLS are coming from on this. They see these companies that all required bailouts as being loose cannons with the potential to backfire and completely destroy a non-vigilant investor of his well-earned money.

Where they miss the opportunity is in the fact that all the companies I just mentioned were all rescued by the Federal government with a virtually blank check to ensure the well-being of these seemingly too-big-to-fail companies.

Despite what I saw as an obvious opportunity to make money, I have yet to understand why it is that they haven't admitted that they're wrong and redressed the issue to encourage people to make a few more profitable investment decisions.

Ah, wait! I completely understand now why it is they don't want to do this... because it's far TOO risky. And while they did miss the initial boat, it is a bit late to start recommending these companies at their present values.

Maybe the FOOLS at Motley should take a page from Jim Crammer and admit it when they're wrong, have missed the boat and made genuine FOOLS of themselves.

Sure, Motley may have played it same, but the fact that they sacrificed what I believe will prove to be one of the greatest money-making opportunities of this past century truly makes me question what they really know about finance and government intervention in private v publicly traded companies.

Maybe, instead of going with the masses who thought the sky was falling, they should have realized that, while there was a lot of potential for increased government stakes in these companies, the government had absolutely no intension of taking these companies completely off the market.

I think it was terribly obvious that the US & the Obama Administration have no interest in nationalizing AIG, C, BAC, GM or any of the other companies they took stakes in. Instead, they want to build market confidence in the stock market and protect the rest of the financial institution from going into an even deeper recession.

And for God's sake, Ben Bernakie even went on 60 Minutes and told us he wanted to shore up investor's confidence and..........

Case and point.
"It depends a lot on the financial system," he replied. "The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis. We've seen some progress in the financial markets, absolutely. But until we get that stabilized and working normally, we're not gonna see recovery. But we do have a plan. We're working on it. And I do think that we will get it stabilized, and we'll see the recession coming to an end probably this year. We'll see recovery beginning next year. And it will pick up steam over time."


"No," Bernanke replied. "I think the key issue is the banking system and the financial system."


and I think this line alone made it even more obvious that the FOOLS were wrong:
"There were many people who said, 'Let 'em fail.' You know, 'It's not a problem. The markets will take care of it.' And I think I knew better than that. And Lehman proved that you cannot let a large internationally active firm fail in the middle of a financial crisis. Now was it a mistake? It wasn't a mistake for the following reason: we didn't have the option, we didn't have the tools. All the Federal Reserve can do is make loans against collateral," Bernanke replied.


http://www.cbsnews.com/stories/2009/03/06/60minutes/main4862191.shtml

Tuesday, September 22, 2009

The Reverse Bailout

While on the surface it seemed as perhaps the most ridiculous thing I've ever heard, it may actually be a good idea. After bailing out the banking industry, the US Federal Deposit Insurance Corporation is now seeking loans from the same banks it lent money to to cover the recent gap in federal funding.

Now I understand the political implications of the FDIC asking the Treasury for more money to help the FDIC refund people's deposits. I'm aware that their would be populist backlash and outcries for continued intervention in the banking industry.

At the same time, however, by seeking banking loans the FDIC helps prop up healthy banks and avoids having to drastically increase FDIC fees to banks which could have the 'domino effect' of forcing still more banks into receivership. Thus very feature may actually save the American taxpayers in the long-run and may help keep interest rates lower than they otherwise would be, however, the action will certainly RAISE interest rates as the Federal government seeks to reabsorb some of the money it printed out earlier this year.

To those ends, this is actually even better news than the media is portraying it to be. By seeking these banking loans, the FDIC would actually be helping to decrease the rate of inflation by decreasing the amount of available capital out there.

Sure, that may make it more difficult for some businesses to get low interest loans and that may cause them to have to close up shop, but at this rate, I'm really sick of all the bullshit. Corporate America isn't preparing NOW for any future shortfalls, then by all means they deserve to fail.

Even I'm getting sick of handouts, and that's after I supported the initial bailout, which I continue to standby. I do, however, still have a few reservations about that bailout, and it mostly centers on the issue of bonuses.

Sure, I agree that people should only get bonuses based on their individual performance, but unfortunately, I'd have to agree that these bankers, etc DESERVE their bonuses. It is not their fault that the US government didn't choose to limit compensation or bonuses as a condition of their rescue. On top of that, most of these institutions that are offering bonuses are offering those bonuses to individuals who made profits for the company. The people that created this mess, however, have all been fired at this point.

Regardless, the real issue at hand now is the "REVERSE BAILOUT." As I mentioned, this reverse bailout will do more good than harm. While the healthy banks will make a profit at the taxpayers cost, it's no different than any other time the Federal government seeks out loans from the private sector.

http://www.nytimes.com/2009/09/22/business/22bailout.html?_r=1

Wednesday, September 9, 2009

The New New Deal

Previously the federal government developed and executed the "cash for Clunkers Program" which has been seen by some as a success and by others as a failure for it's lack of long-term impact and short-term nature.

Now, the federal government is pushing through new programs aimed at stimulating the economy in other related fields... this time, the appliance, battery and weather-proofing industry.

Unfortunately, where the previous program was large, broad, well-funded and consistent, the newest program to take to the streets of American communities and shopping centers is none of those.

Within the upcoming months, the Federal government will begin funding state-rebates for energy efficient appliances that will be granted to states on a basis of population. Under this plan, each state will be granted the equivalent of $1 per person with the minimum state/territorial award being $100,000, for a grand total of $300 million in federal funding.

As a result, the state-by-state awarding system will varying greatly throughout the nation making it increasingly difficult for companies to market their products and the rebate system which will greatly limit the success of the new program.

On top of that, there is the added issue that more people will be able to afford and purchase these products in comparison to those who bought new cars after trading in their old ones meaning that there is a significantly greater chance that the funds will run out long before the program is set to end.

Regardless, there are still other plans awaiting implementation: the weatherization of low-income housing and the subsidizing of fuel cell battery technology in the US.


What I don't understand is why we are spending this money to provide short-term stimulus when we should be funding long-term investment geared at solving the root cause of the current economic crisis: providing extremely low-interest loans for people with good credit scores to purchase foreclosed properties which in the long run would help stabilize housing valuations.

A low-interest loan for investors and similar programs to the "Cash for Clunkers Program" will stimulate demand and encourage spending rather than leading to the usual occurrence with rebates: increased savings.

Unfortunately, politicians are usually motivated by short-term gains at the cost of future economic stability.



For more information, check out the following FORBES article:
http://www.forbes.com/2009/09/09/rebates-appliances-government-intelligent-investing-clunkers.html?partner=yahootix

Saturday, August 15, 2009

Documenting the Economic Crisis

American Casino [documentary]
Release Date: September 2nd

American Casino movie trailer from Leslie and Andrew Cockburn on Vimeo.


"Capitalism: A Love Story"
Documentary- Michael Moore
Release Date: October

Friday, August 14, 2009

Chris Mathews & the "Psycho" Gun-possessor

For the record, I did not find his possession of an UNCONCEALED handgun to be disturbing as it was not 1. Concealed or 2. Illegal [2nd Amendment]. I did, however, find it to be incredibly stupid by virtue of the nature of the crowd: he was surrounded by citizens and protesters who were all within feet and in some cases, mere inches, from his handgun. Any one of them could have easily taken it out of his holster and used it to shoot a person long before he would have had the chance to prevent it from happening.

Now you can say, why of course, and that is also the case with cops, but there's an issue with that. It assumes that the protester could easily pull a police handgun's trigger, which isn't nearly half as easy to do as with a regular handgun, and it also assumes that a police officer would be incapable of preemptively preventing it from happening. I can assure you that I bet the "armed civilian" would be less likely to unarm a man than the nearest police officer.

His action, just like that of any other person possessing a gun in close quarters, placed HIMSELF and those immediately surrounding him in danger and could easily been seen as reckless endangerment had he been in the middle of a more contentious crowd.

Now the fault I have with Chris Mathews is that eh STUPIDLY focused on the PRESIDENT and how this protector seemingly was ENDANGERING the President's life, rather than the more likely and obvious endangerment of the surrounding members of the public at large.

By repeatedly attempting to make the protector seem "UNAMERICAN" and bearing an "ULTERIOR MOTIVE," Chris Mathews missed the point and painted himself as UNDULY protective of the President to the extent that he looked as if he made it into a personal issue.


And it goes without saying, by focusing on "the history of gun possession and the assignations of US Presidents" Chris Mathews implicates the random "gun possessor" as having the intent to do harm to President Obama, which he clearly had no intention of doing. And as Justin pointed out, the President is surrounded by more armed protection that anyone else in that crowd. The odds of him being successful are EXTREMELY UNLIKELY and, again, caused Mathews to loose focus of the real issue, which was the potential endangerment of crowd-members.

On "Gun Posession" & the Right to Bear Arms

The second amendment is valid and necessary and certainly should by no means be taken away. There certainly is validity in the notion that armed citizenry prevents the state from violating citizens' rights. Without a doubt, this right was granted in large part by the nation's founders to prevent tyranny by the federal government.

To be more specific, the right to bear arms is not about hunting ducks and deer, it's about the right of the citizenry to rebel against their government and prevent the nation's leader's from becoming tyrannical governors. Thomas Jefferson made this position clear when he declared "And what country can preserve its liberties, if its rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. ... The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants."

Jefferson's statement, more than anything, reminds us that the government, in the words of Lincoln is "of the people, by the people, [and] for the people." In the Declaration of Independence, the right to rebel against government is seen as the natural right to "alter or abolish government."

Of course, one also needs to understand that such a right was written in the Declaration of Independence as a means of justifying the colonists' rebellion against the British crown.

Nevertheless, even if this "right" isn't directly endorsed by the federal government, though it is at the very least indirectly granted, there can be no doubt that it is the right and moral obligation of every citizen to do so as John Locke explains in "Two Treatises on Government" as part of the Social Contract theory held between the state and its citizenry. According to that contract, the governed give certain rights away in exchange for order and protection from the federal government. When protection and privileges are withdrawn by the state, the governed have the moral obligation to overthrow that government.

Still, the real purpose of this post isn't whether or not people have the right to carry fire arms or overthrow the government. In large part, these rights are not contested, though one would only hope that any rebellion would be of universal interest to the nation's citizens and not merely in the interests of a few men.

In reality, it is about whether or not people carrying guns should be seen as suspicious by the state. Despite the rights and agreement that I have stated above, I do believe, however, that gun possession should always be deemed as a matter of concern.

Without a doubt, however, my belief that gun possession is suspicious in nature does not mean I necessarily do not support the notion that possession should not be legal. On the contrary, I believe it is indeed an unalienable right. However, the very thought that a gun offers it's owner protection is, to a degree, doubtful and not universally true.

At this point, I could easily throw statistics at you proving the fallacy of that argument, but I'm not going to bare that on you as I'm sure that you're already familiar with those statistics and the higher rate of accidental shootings and deaths "caused by gun protection." Now while I won't burden you with those figures, I will remind you that I find those numbers questionable because there is no figure that tells us how many lives have been saved as a result of gun possession, and that number is incalculable [b/c it's hard to prove and the thought of someone having a gun undoubtedly deters plenty of would-be-criminals from committing a crime].


Regardless, there is no doubt that bans on gun purchasing only serves to protect criminals and not the citizens. How many law-abiding citizens would illegally purchase guns when they could just as easily legally purchase a gun elsewhere and legally bring it to their home residence and then legally register it and carry it? No, at the end of the day, only criminals would illegally purchase guns and then use them against citizens, because, or course, they don't want their weapon to be traceable the way a legal gun would be.

Now that that is settled, there is the issue of gun possession laws. According to what the NRA & Co. say, cities that do not allow for legal gun possession and carrying laws tend to have significantly higher rates of homicide, rape, theft, etc. Despite it being the NRA and the most powerful lobby group on K Street, it seems a bit difficult to disprove that notion, after all, how can you argue against those findings?

Well at the moment I can't, but I can certainly point holes in most of what the NRA say. For example, the NRA claims that 49% of American households and 39% of individuals own guns. Now I'm not going to try to disprove the numbers, but I will disprove the significance of those numbers. By far, I can tell you that 100% of gun owners do NOT own hand guns. Furthermore, I can also guarantee you that most guns owned in this country are RIFLES and, the last time I checked, there aren't very many crimes involving RIFLES because, unlike handguns, you can't exactly hide one very well even under a trench coat... [I mean, unless you live on a snow-capped mountain all year long, there's no way you wouldn't look suspicious wearing an overcoat any other time of the year].

Still, I digress again. Back to the point. Since it's now established that MOST people own rifles, not handguns, and that, thanks to NATIONAL and STATE laws, handgun ownership is on the decline, you would expect crime to decrease along with it. Interestingly, crime has decreased, but it still doesn't answer the question largely because it's hard to tell which happened first: a decline in gun-ownership or a decline in crime. In reality, though, it doesn't matter since few registered guns are used in crimes in proportion to the number of unregistered guns.


One fault with the NRA-cited gun possession and ownership figures, however, is that they often include weapons owned by the government put held by government employees. Case and point: 25% of all guns in the US are owned by the military. Add to that another 10% which are held by law enforcement and the total of all weapons owned by citizens who are not agents of the state is actually only 65% of the totals quoted by the NRA. [1]


Still, I should probably mention that MOST guns are owned by Americans in RURAL, not urban areas and that MOST crime happens in URBAN areas. Now the NRA likes to link that trend with the distribution of firearms, however, they conveniently forget that a higher population density ALWAYS leads to a higher crime rate for a whole host of reasons:

1. There are more police per person in the city than in rural America
2. The likelihood of a cop being within walking distance or a minute or less from your house is more likely in an URBAN setting than in a rural one where a LOWER population density consequently means a LOWER density of Law Enforcement protection. This explains why RURAL areas possess more guns that are not used for hunting than URBAN areas because the likelihood of a cop arriving in time to protect them is SIGNIFICANTLY less likely.
3. Crime rates in RURAL areas haven't declined NEARLY as much as URBAN & SUBURBAN areas.
4. The likelihood of a RURAL victim knowing their attacker is 3 TIMES more likely than an URBAN victim. That's 21% to 7%!
5. The intimacy of victim & attacker makes it LESS likely for RURAL victims to report crimes, thereby making URBAN rates seem more significant


THUS, without a doubt, I believe RURAL Americans are in greater need of gun protection than URBAN Americans and that RURAL handgun and rifle possession are more likely to save lives than they would in an URBAN setting. Not only that, but I firmly believe that URBAN crime rate statistics by the NRA FAILS to take into account severe budget cuts and shortages in CITIES which is MORE LIKELY to lead to crime than the decline in handgun ownership. Not only that, but not every city with handgun bans has seen a rise in crime. Washington, DC, by far proves that bans on gun possession actually leads to a decrease in crime.

FURTHERMORE, it goes without saying that a man with a gun is more likely to use it than a man without a gun. Now that is obvious, after all, if you don't own a gun, you clearly can't use one because you don't own one. That, and you probably wouldn't aim very well if you came across one. STILL, if you possess a gun, why would you not use it? What utility would it serve if it was never fired? Surely the "so-called" "protection by mere possession" could be cited and is partially true, but at the end of the day, it would have served no LITERAL utility since it WASN'T used. You can't exactly claim that PSYCHOLOGICAL pre-thoughts qualify when a FAKE gun will yield the same externalities.

On that note, I can at the very least draw from familial experience. In the 1960's my grandfather's business was robbed. He lived only about 2 blocks away from the factory and was alerted by our guards that the nearby factory grocery store had just been broken into. Nevertheless, at two in the morning he got out of bed, dressed, walked 2 blocks with his unloaded gun and succeeded in apprehending BOTH armed thieves with another UNARMED guard. Now you can certainly say he risked his life, and he even later use to make jokes about how "aiming at the thieves succeeded in terrifying both him and the thieve," but at the end of the day it shows that an armed gun isn't needed to protect anyone and that an UNLOADED or FAKE gun can yield the same desired effects.


NOW, for all of those people out there that despise the MILITARY INDUSTRIAL COMPLEX of the United States, I would like to remind them of one of their very own arguments. A nation that CONSISTENTLY spends more on its military infrastructure than any other segment of its budget is more likely to use its weapons than a nation which places greater attention on developing infrastructure and education.

I ask you, how is the likelihood of the US using force against an otherwise "innocent" nation any less likely than a GUN POSSESSOR to use his gun?

The answer is that they are both equally likely to use force to justify their acquisition and development of their weapons. After all, why should a person be any different in justifying their accumulation of weapons than a nation that devotes 21% of the federal budget to National Defense?




[1]http://media.www.kaleo.org/media/storage/paper872/news/2007/09/13/News/Survey.U.s.Has.Highest.PerCapita.Gun.Ownership.Rate-2966141-page2.shtml

Thursday, August 13, 2009

Gun Holding Protester vs. Cenk Uygur

I usually enjoy watching and reading what Cenk has to say-he can use common sense when describing a host of issues; however this is not one of those issues.

Cenk ignores common sense for the shallow fact that this man wielded a gun near the President's town hall meeting. I would remind Cenk that guns can be considered a threat to public order, but so can transferring funds to a Muslim charity (a "terrorist" organisation), so can speaking on the phone from a foreign country (may I remind you of wiretaps), and apparently checking out subversive books can be considered a threat to the United States of America. Cenk attacks this man just as Republicans under George Bush II attacked Muslims in the name of safety.

Yet, Cenk, you were right to criticise all these efforts on behalf of Republicans to demean and destroy our liberties, for the very sole purpose that these men had done no crime, and posed no threat to the United States. You should see this episode in the same light.

You say in your article,
"Is anyone stupid or disingenuous enough to believe that [they would allow this under Bush 43]? They would have taken his ass down in a flat second. They would have infiltrated whatever group he belonged to and monitored his ass for the rest of time."


Yet as Bush 43 tortured, started an illegal war, attacked civil liberties, and passed signing statements, doesn't mean we can or should do the same thing now.

Cenk, this man should not be disarmed because the specific gun he had, the way in which he carried it, and the place where he stood, made this man legally allowed to do these things. The laws of New Hampshire, and the inalienable rights of its citizens, should not be undermined because the President is in the vicinity of the protesters. Such logic could justify preemptive detention of any citizen who the President deems a danger to his public safety.

May I remind Cenk that this man was outside the town hall, may I remind him that he was legally allowed to be there, that for the President's protection the government employs special bodyguards, that police monitor protests, and that this man had no intention to harm, and did not harm anyone?

In a free society, its citizens must live in insecurity. It is the nature of a free society. Yet we each cannot infringe on the rights of others- to do that is illegal. We must behave in a manner that protects our liberty, and that is the why guns are used only in self-defense, that is why even if 20 or 30 protesters carried guns to a protest, no violence should ensue. If it does, it would be only in response to others taking away freedom of the individuals involved. If violence occurs and takes the liberty of another, it is illegal. If this violence is planned, it is premeditated and the police should take appropriate action to prevent it.

The truth remains that this man did not threaten the life and freedom of the President, and most surely did not threaten the life and freedom of others in the public.

Otherwise Cenk, all threats to the public safety, or perceived threats, should be dealt with on the paranoia of another, be it the police, the President, or the military corps. Threats should be eliminated whatever form they take, be it Muslims gathering for prayer, phone calls from relatives in Pakistan, or gun toting protesters. In such a world if the media report on civilian deaths in Afghanistan, President Obama should be obliged to insure its censorship, as that would foment terrorist acts against America. The release of photos that could harm Americans abroad should be prevented at all costs. Why have a second amendment, since surely the public peace should come first?

Such a model for society would ensure complete safety, and no liberty.

Do not travel down this road well traveled by authoritarians, Royalists, and Republicans Cenk-come back to the narrow path of liberty.

Stewart on Healthcare...

Despite the comedy, Jon Stewart hits the nail on the head as usual

The Daily Show With Jon StewartMon - Thurs 11p / 10c
PR
www.thedailyshow.com
Daily Show
Full Episodes
Political HumorSpinal Tap Performance


and if you were wondering, here's that "psycho" on Hardball.

Wednesday, August 12, 2009

Summary & Analysis of H.R.3200 - America's Affordable Health Choices Act of 2009

What I have thus far... a work in progress...



1. Insurer can't vary the premium with/in a risk group
[Title 1, Sub A, Section 102.a.3]
--> and that means..?

2. Terms & Conditions cannot change
-This only applies to the transition period
[Title 1, Sub A, section 102.a.2]

3. Pre-exisiting medical condition exclusions are prohibited
[Title 1, Sub B, Section 111]

4. Insured plans are guaranteed renewal
[Title 1, Sub B, Section 112]

5. Insurance Rate Rules
Rates may vary by age [2x lowest], by area, and family composition
[Title 1, Sub B, Section 113.a.1-3]

6. Nondiscrimination
In all bemefits. Mental Health & Substance abuse shall be offered to all based on marketplace rules.
This means that coverage must be equal to that of their competitor's.
[Title 1, Sub B, Section 114.a&b]

7. Choice of Coverage:
Non-Exchange-Participating Health Benefits Plans
Exchange-Participating Health Benefits Plans
Continuation of Offering of Seperate Excepted Benefits Coverage
[Tital 1, Sub C, Section 121.b.1-3]

8. Essential Benefits Package Defined
-Provides payment for medical items
-Limits cost-sharing for items
-Does impose annual/lifetime limited coverage
-Is equivalent to average employer-sponsored coverage
[Title 1, Sub C, Section 122.a.1-5]

9. Minimum Services
-Hospitalization
-Outpatient Hospital Clinical Services
-Medical professionals coverage
-Necessary services, equipment, & supplies
-Prescription drugs
-Rehabilitation
-Preventitve Services (vaccines) recommended w/ Grade A or B
-Maternity care
-Baby & childcare, vision, hearing, & related items
[Title, Sub C, Section 122.b.1-10]

10. Cost-sharing & Minimum Actuarial Value
-No Cost-sharing for preventive services
-Annual Limitation
---$5,000 for an individual, $10,000 for a family
(to be raised according to the CPI to the nearest $100)
---Copayments for all plan levels are preferable to coinsurance
-Minimum Actuarial Value
---Insurance to cover apporximately 70% of the full actuarial value of provided benefits
[Title 1, Sub C, Section 122.2c-3b]

11. Health Benefits Advisory Committee
-To recommend covered benefits & essential, enhanced premium plans
-Chair shall be the Surgeon General
-Membership:
- 9 members who are not Federal Employees nor appointed by POTUS
- 9 members appointed by the Comptroller General in a process similiar to the Medicare Payment Advisory Commission
- As many members, not to exceed 8, who are Federal employees as POTUS appoints
-Terms:
- 3-year, staggard terms
-Participation:
- Membership reflects providers, consumers, employers, labor, insurers, exports in finance, counter-discrimination experts, disability reps, relevant gov't agencies, @ < 1 practicing physician or health expert/child health issues
-Duties:
-Recomendations on Benefits, etc
-Begin offering recomendations 1 year after passage, or earlier
-Public input= Advisory Committee to allow input

[Title 1, Sub C, Section 123.a1-5 through b4]

12. Levels of Cost-sharing:
-Enhanced Plan: 85% of value
-Premium Plan: 95% of value
[Title 1, Sub C, Section 123.b5.a-b]

13.

Tuesday, August 11, 2009

Sadism in our Courtrooms, A Microcosm for All Authority

(The following link contains a disturbing video)



If you thought you were safe around police officers, think again. It seems the inverse is true. The more police officers that are around you, the more likely harm is to come to you and those around you.

Let me remind you officers are the domestic version of what the military is abroad (and for you very authoritarian countries, at home as well). They are Goons who restore order at the edge of a sword, the tip of a bayonet, or with the bullet of a gun. Give them power, and they use it as sadistically as possible.

Men become animals in the name of order, country, leader, democracy, and punish those without power. As Blackwater and contractors kill and detain without oversight in Iraq, as the CIA tortures in Guantanamo or Bagram on a daily basis, as the military firebombs the village in order to save it, and as police officers restore order to the unorderly in our very own country,you can rest assured that these men and women do so in the name of democracy, of order, of country; they kill your family, bomb your village, tase your neighbour, all for your safety. So be thankful as they gently place the boot on your face for the good of society. Don't comply, don't prostrate yourselves before them, look them in the eye in the wrong way, and they will take pleasure in forcing that boot on your head. Obey!

As a rule of thumb you don't use good iron to make nails, and you never use good men to make soldiers, or police officers, or CIA agents.

These men take pride in making others cower before them in the name of legal authority. Knowing they are immune from the same legal procedures as us ordinary and powerless sheep, they gladly make us comply with whatever method necessary-and afterwards invent the legal justification for criminal behaviour. Whether it's "excited delirium", "enhanced interrogation techniques", or "collateral damage", the invention of euphemistic terms never ceases to immune the beasts among us.

I always wondered (for I have been unfortunate in my short life span) to never have been confronted by a police officer-or should I be more euphamistically correct-state parasites. I imagine my naiveté will land me in jail or with a taser lodged into my arm or my leg or with a broken jaw. I imagine what I could do to stop that inevitable conclusion... and then I remember- shooting an officer, even in self-defense, never pays off.

Yet if a citizenry cannot fight, either legally or practically, against the systemic brutality of sadists, either in its own CIA, its own military, or its own police force, where is their recourse? Where is one to go if abused by organisations that claim to protect your freedom and safety, if these same organisations harass and threaten you needlessly? What actions, short of abolishment of these organisations, can one do to ensure these abuses of power will never occur? Is it inherent in the State itself, or in our own human nature? Do we need to have a military, a police force, and a CIA to ensure our safety, our flag, our social contract?

At what point does increasing safety mean having less of these authorities around to insure it? At what point, at what brutality, at what sadistic euphemism will we cringe these demons away? Whose death, whose tortured corpse, whose mangled body, disfigured in the name of safety, will it take to forcibly claim our freedom from these monsters, before we ourselves succumb to the clawed boot of this faceless beast?

~Justin Schoville

Sunday, August 9, 2009

Can you really trust them, even after 14 years of Ineptitude? And the last 8....?

Now, would you actually put money before people's civil liberties? Would you want to have continued torture? I think there's a heck of a lot more that Republicans have to straighten up before anyone with half a brain can begin to endorse them.

It's not just about money. In fact, taxpayer savings have a lot less to do with the current problems that the Republican party faces. Largely, it's about democracy, civil liberties, political rights, the standing of minorities, marriage, abortion, the separation of church and state, international affairs, failed economic policies [& possible limits/implications of Keynesians], illegal immigration, and on and on.

Would you really ever want to support the Republicans... even if they changed? Just look at the mess they've made the last 8 years. Any party that will stand by a failed presidency that long and enable it is not really a party that I feel anyone should be comfortable supporting. It will be hard to forget that. I would hope people who despise the Democrats would sooner vote for a third party than for a Republican... surely they realize it wasn't the Democrats spending policy that put us in the mess to begin with, nor was it lack of Democratic oversight...

Largely, it appears as though today's Republicans are really just against Democrats and not entirely for Republicans. The issue is that these people need to choose what they value more... the so-called "economic freedoms" of the Republicans, or the more literal social freedoms of the Democrats. Sadly, in a consumerist society like ours, Republicans tend to win those supporters- who prefer the potential financial benefits to increased civil liberties [need I mention the Patriot Act??].

Either way, the ideological "drift-shift" further emphasizes the need for a REAL third party that would be capable of keeping both sides from going into the ideological "deep end..." for the sake of establishing "distinguishable differences" just to win future elections.

Sunday, August 2, 2009

Defense Authorisation Act of Fiscal Year 2010

SEC. 421. MILITARY PERSONNEL.

There is hereby authorized to be appropriated to the Department of Defense for military personnel for fiscal year 2010 a total of $135,723,781,000. The authorization in the preceding sentence supersedes any other authorization of appropriations (definite or indefinite) for such purpose for fiscal year 2010.


Talk about wasteful spending. So how much are we worried about the healthcare costs and earmarks- the "wasteful" spending highlighted by republicans? It seems absolutely minuscule when compared to the "bloated" military industrial complex. But to republicans NONE of that money is wasteful.

It seems Republicans are hypocrites of "fiscal" conservatism. As long as they can get one more dollar to go to the brass parasites in uniform, they'll give it.

Now as soon as Republicans actually become standards of fiscal responsibility, then maybe I could rally beside them in eliminating government regulations, bureaucracy, and departments in order to save more money for the taxpayer. But until then I hope they enjoy being out of power.

Friday, July 24, 2009

An Introduction to our Darkest Hour

~Justin Schoville

What it is and why it is significant:

Friday, July 3, 2009

The War on Terror and the Roots of Falsehood

It is important to constantly evaluate and analyse the events that come to "define" our society, particularly when they happen against our will, and are forced upon us.

9/11 was one of these events. 9/11 seems to be one of the most pivotal events in my relatively short lifetime, however as a 12-year old I saw through the mantra of "terrorism" immediately. As the events occurred and passed, despite the fact I had no idea how deep the scope of the attacks were on our society and the real consequences to them, I started to notice that something changed. Society was different than it was before, but then again it wasn't.

It was as if a new veil had been draped over the country, a veil of "terrorism". Rhetoric of the "War on Terror" emerged. Getting Osama bin Laden, hunting "terrorists" and defeating Al Qaeda- these were the new most important goals to American life. And yet something was amiss. Something wasn't right. Something was actually wrong. It was only later that I fully realised what that something was.

The idea of the "War on Terror", a fight against a tactic, was absurd to me even then, though I couldn't formulate why it was absurd. So was the idea of invading a country to root out "terrorists". I thought terrorists were a small group of people, not worth the effort of invading a whole country. After all, the wars I learned about always had leaders, they had definitive ends, where the leader died and the war was won. This was different. As the "War" progressed I found it odd that "terrorists" replaced the word "soldier" in enemy deaths. Especially after the invasion of Iraq, American troops kill tens of hundreds of "terrorists". Surely all of those were not bin Laden's and Zawahiri's? Surely they all hadn't plotted to destroy American infrastructure or lives. This wasn't right either.

Years later, I would think back to 9/11, and as I witnessed the degradation of American values (and still witness it) through the act of torture, aggressive warfare and other crimes meditated, planned, ordered, and committed by the highest levels of government, I realised that was the moment that spurred it on. That was the moment that allowed it all to happen. I understood the crucial importance of that day, and the Pandora's box of lies and deceit it opened. I understood that all the abuse of government power by the executive branch, the torture, secret rendition, CIA black sites, the warrantless surveillance, the PATRIOT act, the illegal wiretapping, the invasion of Iraq and by its extension all the government waste, fraud, and abuse with military contractors, the deaths and displacement of millions- their root was the noxious event of 9/11. That is the parasite that eats away every time a John Yoo devises a new torture technique to protect Americans, or when the CIA gets new authorisation to sneak into your library records, listen in to your phone calls, or steal your email. It is the parasite of fear that keeps the State of Tyranny alive and well, and 9/11 was the catalyst to a New World of Terror!

These actions that led to the unitary executive were folly. They were not necessary steps for protection in any sense of the word. They were forced down our throats by the fear of death and destruction, peddled by the warmongers and power hungry legislators of our federal government. They were tolerated by the mass of adults, the mass of scared adults, afraid irrationally of the nameless threat they saw on that day and repeated constantly on television.

As a result the PATRIOT Act passed. This was the beginning of the end for American values. Fear drove that bill to pass, and legislators reneged on their duty to uphold the values they swore to protect. They acted in haste and fear and became cowardly instead of acting as leaders. Leadership would have been to embrace tighter the Constitution and the values that make us Americans, instead of ceding that authority for political expediency. Yet this is what they did after those fateful days.

Our leaders failed us. Our representatives, the men and women elected by the people to uphold Constitutional government failed the people. These people would cede all vestiges of a Constitution if it meant they could hold onto power for a little longer. I say this not as wild speculation, but as truth based on their actions after that day.

Yet this is just the tip of the iceberg in irresponsible government. However, 9/11 and the "War on Terror" are supposed to be the events that define my generation. I refute these falsehoods entirely.

Wednesday, July 1, 2009

Adding us to Technocrati and such

I will be writing a few articles sometime over the course of the next week and posting them on here. It's been my intention all along, but I've been extremely busy with my classes as of late to be able to do so. It certainly will be pleasurable though to finally get to contributing a bit more requently on this blog.

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Monday, June 22, 2009

DHS Ending Domestic Satellite Spying Article Missing the Point: Fusion Centers

I am always skeptical of any good news I hear from government officials. So when Janet Napolitano was reported to have ended the Domestic spying by satellites I searched for the catch to the so-good-it-can't-be-true government action. And it has to do with two words: Fusion Centers.

After receiving a letter from Los Angeles Police Chief William Bratton, Napolitano decided the program should be canceled.

Bratton, in his role as head of the Major City Chiefs Association, wrote on June 21 that the program, as envisioned by the Bush administration, is not an urgent need for local law enforcement.

Instead, Bratton said, Homeland Security should focus on the fusion centers across the country and improving information-sharing with state and local officials to improve the domestic intelligence picture.

Bratton said he was unaware whether police chiefs has been consulted by Bush administration officials about the satellite program.

"To my knowledge, this is the first opportunity major law enforcement organizations have had to participate in this significant and complex initiative," he said in the letter.


The catch is increased power to the fusion centers. The ACLU demonstrates the danger of fusion centers in their updated report in 2008. LAPD Chief Bratton plays an important role in the amelioration of fusion centers and domestic spying. The LA Times cites a program issued by Bratton in 2008, "that formally required all officers to report incidents "potentially related to foreign or domestic terrorism," using McNamara's program." McNamara's program,

We can’t afford to be in the dark about fusion centers. And just because the government isn’t announcing this domestic surveillance program in grand style the way it has with other surveillance programs, doesn’t mean we can ignore it. Given the broad scope of information fusion centers collect, process and disseminate,it would be irresponsible not to enforce vigorous public oversight. We have to make sure our Congress and our state legislatures know it’s up to them to guard our privacy and to impose appropriate oversight controls and accountability standards on these out-of-control data-gathering monsters.

Saturday, June 20, 2009

Barack Obama's Statement On the Events in Iran

Barack Obama has issued a statement on the protests taking place in Iran. His statement can be found here.

It is fine to have a private opinion about interfering in other nations’ affairs, for the better or worse welfare of that nation and its people. In the United States freedom of speech allows citizens to do that. However, Barack Obama’s statement on Iran is troubling in its implications. Although I and my readers may personally agree in the meaning and sentiments Obama expresses, and even though his feelings about Iran may be for the betterment of the people as a whole, they are imperialist in nature. While he attempted to remain neutral in the events taking place (as he should have) and although this statement is mild compared to what could have been said, it is nonetheless imperialistic. It would have been much better had Obama not made any comments toward the Iranian situation, and thus remained neutral.

It is not in our interests to promote or endorse candidates in elections across the world in the hope their people can turn out with the most individual freedom or be the most “America friendly” regime. That, at its core, is enforcing tyranny on others. The same type of tyranny we fought a revolution to end. It is the same type of tyranny Madison warned us against when he said that the United States should not look for monsters to destroy. The imposition of our values on other nations, however wonderful these values may be, is not the reason for the establishment of our government. Our government does not have the mandate from its people to spread the values of our revolution, or to aid others in shaking off the chains of tyranny. Our government was created to protect the life, liberty, and property, of its citizens.

However, let us hold these conditions and see if Americans would feel comfortable if China interfered with Iran’s elections. Perhaps China’s communistic values of equality and state planning are better served by Ahmadinejad’s presidency. According to the Chinese, they would be appalled if the election ended with a man who was for the impoverishing of the working class and the expansion of capitalist evils.

The point is that the imposition of values by the state, however good natured or good willed, is not the will of the people. Governments are derived from the consent of the governed, and the Ayatollah still has that consent, at least at the moment of this typing. Outside forces influencing the internal affairs of a sovereign nation, as we have used on multiple occasions in the post-World War II world, defy the most basic principles of the social contract. This is why, despite Obama’s efforts, he hurts the cause which he hopes will come to pass. Obama should instead promote trade and travel between our nations, and let the ideas of individual liberty and private property change the regime from within, as may have already occurred due to Iran’s westernised students. If freedom is desired, it cannot come through tyranny.

Saturday, June 13, 2009

S. 773: The Cybersecurity Act of 2009

~Justin Schoville

There is a new threat to the last frontier of freedom- the internet.

Shelly Roche, at Break the Matrix, explains this bill perfectly, but for those of you would like to read a synthesis, here's the EFF (Electronic Frontier Foundation) regarding the bill.

An interesting point Shelly Roche indicated was Section 14 b, indicating the President:

"may declare a cybersecurity emergency and order the limitation or shutdown of Internet traffic to and from any compromised Federal Government or United States critical infrastructure information system or network."

Now the two key terms in this are Federal Government system or network and critical infrastructure information system or network. A Federal Government system is understandably under this measure, however, whats a critical infrastructure information system?

Upon further inspection in the "definition" section at the end of the bill, Rockefeller and Co. tell us:

"State, local, and nongovernmental information systems and networks in the United States designated by the President as critical infrastructure information systems and networks."

Oh I see- the President can shut down any traffic on any nongovernmental system as long as he declares it to be "critical". Interesting.

One of the reasons this bill was introduced I imagine is to prevent a loss to our economic sector due to cyber-crime, and to prevent the theft of intellectual property rights. However, what will be the commercial reaction when the President has uniform internet regulations for private business and can shut down their internet at any time due to an "emergency"? The seen effect of this is to limit any damage to the nation by regulation and government intervention. The unseen effect will be the failure of government to protect these private networks to the standard they have had currently without intervention. I predict quality of protection will decrease and the business sector will be hurt more by the passing of this bill than not.

The other important power declared in this bill would be the Secretary of Commerce's new powers- as the EFF explains perfectly:

'"The Secretary of Commerce— shall have access to all relevant data concerning (critical infrastructure) networks without regard to any provision of law, regulation, rule, or policy restricting such access… "

In other words, the bill would give the Commerce Department absolute, non-emergency access to “all relevant data” without any privacy safeguards like standards or judicial review. The broad scope of this provision could eviscerate statutory protections for private information, such as the Electronic Communications Privacy Act, the Privacy Protection Act, or financial privacy regulations'

I'm sure these regulations and spying powers will do wonders to the business community, including other internet users who just want to surf the web. I mean, I always have had a difficult time surfing the web for fear of people hijacking my computer. I was just thinking, "its about time someone stepped in to regulate this mess!" And sure enough, here comes Rockefeller and the Federal Government. I feel safer already!

[The Cybersecurity Act itself can be found here]

Sunday, May 31, 2009

Join us


Rethinking Memorial Day

~Justin Schoville


General Wesley Clark's article

http://www.huffingtonpost.com/gen-wesley-clark/tribute-is-not-enough_b_206583.html

Bob Woodruff's article

http://www.huffingtonpost.com/bob-woodruff/waging-the-battle-at-home_b_206869.html

What these two articles highlight are the soldiers-the human cost- to warfare. In Wesley Clark's article he asks that we "pledge to shop at Beyond Tribute business partners and show that you're committed to truly honoring, and actually helping, former service members." Clark says that Beyond Tribute convinces"stores to donate a portion of their holiday promotion proceeds to medical treatment and family support for veterans."

Woodruff repeats Clark's indirect call for more voluntary giving to the military veterans by saying we must educate others about the impact war is having on soldiers lives, we must "invest" in charities and people that support veterans, and we must finally collaborate "across civilian and military cultures and political lines to find solutions" to soldiers transitioning into civilian life.

While these are "good causes" that help the human cost of war, it begs the question, "Why aren't we giving enough money to support our veterans"?

The answer to this question must be dependent on the whole military budget which this google article explains-

http://www.google.com/hostednews/afp/article/ALeqM5gjEa9Pk0c41alypgd5pBRLQ8a9RA

this google article from Agence France Presse in February says that in absolute terms, the U.S. FY 2010 budget for the military is 663 billion dollars (not counting war funding that goes in emergency appropriations).

The google article states that the "US defense budget represents more than 40 percent of the world's total military spending and US spending will continue to grow under Obama's budget."

With this kind of monetary commitment, how much more money are Wesley Clark and Bob Woodruff expecting we "donate" to these people who were property of the state when they were harmed?

I hope the answer is obvious, but in case it is not, the human effects that the two men describe in their articles are real, and they do occur. However, we should not spend a dime more in either taxes or voluntary giving to military families, soldiers, contractors, or VA hospitals. The Pentagon should pick up the tab for the people they destroy, both in foreign countries and in our own. Instead of using R and D money for more mindless destructive machines to kill people, they should spend money on doctors and medicine to care for the men in whose employment they were injured and maimed. At a time when Americans are losing jobs and wisely reigning in spending, they cannot afford to spend even more for the military.

That is why I ask you to stand this Memorial day against "voluntary" acts of charity toward soldiers, and instead demand more from your government.

  • I ask you to stand against Wesley Clark's "patriotic business model" where business are rewarded by fealty towards the state, and aim your dollars (if it must be spent) in electoral races against the politicians that voted for wars that created these wounded veterans in the first place.


  • Demand that priorities remain focused on the human toll of suffering in wars, and make sure that those that pay for warfare also pay for the welfare of soldiers when they return to civilian life.


  • Furthermore, demand an end to the illegal occupation of Iraq, and a withdrawal from the Af-Pac theater to stop the continuous influx of new combat veterans.


This is but a start to a new dynamic in thinking that needs to occur.

A more radical approach to the role of America's military must be established if we are to prosper as a superpower. Warfare succeeds only so much in establishing control over territory. With the last century of no-win wars, priorities for the state must change. The American state can no longer plant its flag under military domination of third world nations. Iraq and Afghanistan (not to mention Korea, Vietnam, and Afghanistan under the Soviets) demonstrated the true "viability" of war as a means to an end.

America must re-evaluate its military spending towards more "human" spending. As the Agence France Presse Article clearly stated, we spend more than 40% of the worlds military expenditures. Does this expenditure best defend America, or does it bring more resentment toward our nation and our people? Does it save more American lives or bring them into further danger? If anything the "War on terror" has taught us is that it brings us all into further danger.

We should draw down our foreign expenditures and spend more money on education, health care, or even to cut down our immense debt to foreign nations. American values- free enterprise and freedom- instilled in educated foreigners can do much more to end violence and war across the globe than the bludgeon of the American military machine.

This Memorial Day, let us retire the bloody flag of occupation and imperialism, and replace it with a long-term strategy for peace and friendship with the rest of the world.

P.S. Howard Zinn recently made a speech at the The Progressive magazine's one hundredth anniversary. In it, he made excellent observations questioning the wars that are unquestionable in American "patriotic theology"- the three "holy wars" - The Revolutionary War, the Civil War, and World War II.
http://www.youtube.com/watch?v=XUBYI97cUgU&feature=channel_page