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  • On 19 Nov 2014 in Largest steel mill in China bankrupts - capital shortage blamed, Mick Russom said:

    Debt also results in centralized king making. When companies rely on debt to be competitive then those issuing the paper have control over what gets done or not.

  • On 19 Nov 2014 in Largest steel mill in China bankrupts - capital shortage blamed, Mick Russom said:

    Debt is the biggest killer because you have debt. When the Roman empire could no longer expand after basically taking over the known world - it collapsed. Debt works until expansion stops. Then its jubilee time.

  • On 19 Nov 2014 in Dry San Diego to look to sewers as water source, Mick Russom said:

    Carlsbad is doing what all the other sane people on earth do, get a desalinization plant. Qatar, UAE, Kuwait, Dubai, all big cities in a desert on salt water with plenty of water.

  • On 10 Nov 2014 in Most October job gains ever recorded, Mick Russom said:

    Labor participation rate doesnt agree with the stat. Lowest in some 35 - 40years.

    We should also track job creation that require skill, not service industry jobs. Take out barista's, waiters and cashiers and whats there?

  • On 7 Nov 2014 in NAACP ignoring Mia Love and Tim Scott, Mick Russom said:

    National Advancement of Colored Plantation-People

    The so called 'liberals' love needy helpless people on handouts to fuel the identity politics fire.

  • On 7 Nov 2014 in Employment to population ratio jumps, Mick Russom said:

    Labor participation rate is the new "unemployment" number as the number published today is doctored.

    Labor participation rate is the worst in 40 years.

  • On 7 Nov 2014 in Dumb & Dumber - The Economics Of Lizzie & Hillary, Mick Russom said:

    Lieawatha / Fauxconhontas Warren. Lol.

  • On 7 Nov 2014 in Are wars good or bad for the economy?, Mick Russom said:

    The problem was how to keep the wheels of industry turning without increasing the real wealth of the world.
    Goods must be produced, but they need not be distributed. And in practice the only way of achieving this was by continuous warfare.

    War, it will be seen, accomplishes the necessary destruction, but accomplishes it in a psychologically acceptable way. In principle it would be quite simple to waste the surplus labour of the world by building temples and pyramids, by digging holes and filling them up again, or even by producing vast quantities of goods and then setting fire to them. But this would provide only the economic and not the emotional basis for a hierarchical society. What is concerned here is not the morale of masses, whose attitude is unimportant so long as they are kept steadily at work, but the morale of the Party itself. Even the humblest Party member is expected to be competent, industrious, and even intelligent within narrow limits, but it is also necessary that he should be a credulous and ignorant fanatic whose prevailing moods are fear, hatred, adulation, and orgiastic triumph. In other words it is necessary that he should have the mentality appropriate to a state of war. It does not matter whether the war is actually happening, and, since no decisive victory is possible, it does not matter whether the war is going well or badly. All that is needed is that a state of war should exist. The splitting of the intelligence which the Party requires of its members, and which is more easily achieved in an atmosphere of war, is now almost universal, but the higher up the ranks one goes, the more marked it becomes. It is precisely in the Inner Party that war hysteria and hatred of the enemy are strongest. In his capacity as an administrator, it is often necessary for a member of the Inner Party to know that this or that item of war news is untruthful, and he may often be aware that the entire war is spurious and is either not happening or is being waged for purposes quite other than the declared ones: but such knowledge is easily neutralized by the technique of doublethink. Meanwhile no Inner Party member wavers for an instant in his mystical belief that the war is real, and that it is bound to end victoriously, with Oceania the undisputed master of the entire world. All members of the Inner Party believe in this coming conquest as an article of faith. It is to be achieved either by gradually acquiring more and more territory and so building up an overwhelming preponderance of power, or by the discovery of some new and unanswerable weapon. The search for new weapons continues unceasingly, and is one of the very few remaining activities in which the inventive or speculative type of mind can find any outlet. In Oceania at the present day, Science, in the old sense, has almost ceased to exist. In Newspeak there is no word for " Science ". The empirical method of thought, on which all the scientific achievements of the past were founded, is opposed to the most fundamental principles of Ingsoc. And even technological progress only happens when its products can in some way be used for the diminution of human liberty. In all the useful arts the world is either standing still or going backwards. The fields are cultivated with horse-ploughs while books are written by machinery. But in matters of vital importance - meaning, in effect, war and police espionage - the empirical approach is still encouraged, or at least tolerated. - George Orwell, 1984

    The new aristocracy was made up for the most part of bureaucrats, scientists, technicians, trade-union organizers, publicity experts, sociologists, teachers, journalists, and professional politicians. These people, whose origins lay in the salaried middle class and the upper grades of the working class, had been shaped and brought together by the barren world of monopoly industry and centralized government. As compared with their opposite numbers in past ages, they were less avaricious, less tempted by luxury, hungrier for pure power, and, above all, more conscious of what they were doing and more intent on crushing opposition. - George Orwell, 1984

    The alteration of the past is necessary for two reasons, one of which is subsidiary and, so to speak, precautionary. The subsidiary reason is that the Party member, like the proletarian, tolerates present-day conditions partly because he has no standards of comparison. He must be cut off from the past, just as he must be cut off from foreign countries, because it is necessary for him to believe that he is better off than his ancestors and that the average level of material comfort is constantly rising. But by far the more important reason for the readjustment of the past is the need to safeguard the infallibility of the Party. It is not merely that speeches, statistics, and records of every kind must be constantly brought up to date in order to show that the predictions of the Party were in all cases right. It is also that no change in doctrine or in political alignment can ever be admitted. For to change one's mind, or even one's policy, is a confession of weakness. If, for example, Eurasia or Eastasia (whichever it may be) is the enemy today, then that country must always have been the enemy. And if the facts say otherwise then the facts must be altered. Thus history is continuously rewritten. This day-to-day falsification of the past, carried out by the Ministry of Truth, is as necessary to the stability of the regime as the work of repression and espionage carried out by the Ministry of Love. [The Ministry of Love's charter is to enforce loyalty and love of Big Brother through fear, torture, and brainwashing] - George Orwell, 1984

  • On 7 Nov 2014 in Reading the paper this AM . . ., Mick Russom said:

    APOCALYPSEFUCKisShostikovitch says

    Large businesses need to be paid by government somehow to hire.

    Tax rates that adjust to non contract permanent employees? More employees hired in a year means a big tax break that year? Incentivize hiring and in-sourcing with progressively lower tax rates.

  • On 14 Oct 2014 in The deficit is down, Mick Russom said:

    Yeah, we know its down. The IRS' vicious enforcement has gotten even more vicious and taxes are higher than ever.

    Bet again, spending more than you take in either in real or relative terms is just ponzi theater.

  • On 14 Oct 2014 in Wealth Inequality destroys Societies, Mick Russom said:

    thunderlips11 says

    Best point of the lecture: Helping the bottom 1% is a lot less effective than curtailing the top 1%.

    Yes. But nearly every time the government, which is universally owned by the 1%+ group, steps in to make things more equal the middle class is destroyed, the 1% do even better and the poor are still poor.

    Thomas Jefferson wanted every citizen to own an acre of land and be under a use it or lose it type arrangement but with oligarchs and a rentier class we see here today where people strive only to make unearned income this will only get more and more ridiculous.

  • On 27 Sep 2014 in Big Red One will deploy, Mick Russom said:

    Where is code pink on this one? I guess they like this version of the war.

  • On 27 Sep 2014 in Accolades for Law Enforcement, Mick Russom said:

    Problem with the police forces these days is:

    #1 The do the blue line stuff to support each other. They will not police themselves for corruption well and IA is disliked. Nobody is really watching the watchers.
    #2 They take their pay and pension from a corrupted government. It would be the job of the police to help police the corruption, but since the corrupted government paid them, they are more or less paid off. The new mafia is corrupt government
    #3 They have tolerated the suspension of posse comitatus and willingly have become para-military. This is effectively a standing army.
    #4 They have not done much to put headwind against illegal laws, challenge constitutionality of these laws or refuse to enforce illegal laws. They are effectively paid off by the corrupt government and know the pay and pension come from the government which has ceased to be representative and most (95%) of all politicians are protecting the system and keeping things as is.
    #5 Police use their force to extract even more wealth from society by doing silly stuff like goofy speeding tickets, roll throughs, etc. This kills a lot of good will and is done for meeting quotas and bringing more money into the system.

  • On 20 Mar 2014 in The coming real estate bubble, Mick Russom said:

    Strategist says

    Most cities in OC only have 2 months inventory. That is low, very low.

    Its Casey Serin time again.

  • On 25 Feb 2014 in California home sales, prices dropped in January, Mick Russom said:

    Mexifornia. A burned out husk with a dying middle class a rubbish schools.

  • On 25 Feb 2014 in Bye Bye Mt. Gox: Bitcoin Exchange Website Appears to Have Been Deleted, Mick Russom said:

    You know, printing BTC hashes on paper vs FRN's with serial numbers that could be supernote duplicated without detection.

    Seems FRNs vs printed BTC - algorithmic currency would prevent the FEDZILLA federal reserve from printing money and massive counterfeiting would not be possible.

  • On 25 Feb 2014 in Is it time to declare San Francisco, an overrated city?, Mick Russom said:

    I've been to Japan recently for many weeks, its tough there, but much cleaner and lower crime and a lot of work - but here in Berne Switzerland , very expensive to buy, but to live - you can LIVE here. 5 weeks vacation, respect for your time - employers respect you must go home at 5. Trains work and on time, schools good, learn many languages, food is awesome.

    The USA is trash. Think of going from San Francisco to Guadalajara. That is a big difference, a big drop in standards into the 3rd world.

    Well coming from Switzerland to Mexifornia and San Fran Sicko is the same horrible drop. The quality of life STINKS. And its sad to see the scam of the American dream-turned-police-state-nightmare be sold.

    I am done with San Fran Sicko. The USA is in serious, serious decline. I recommend anyone who still lives in fantasy world visit Tokyo and Zurich so you can realize you live like animals in San Fran Sicko and the lame bay area. Horrible schools, horrible air quality, horrible commutes, horrible "regular" food.

    I wish I didnt have to come back.

  • On 10 Feb 2014 in Homeownership rate for young adults drops further, Mick Russom said:

    The sad thing here is instead of allowing correction they are encouraging foreign criminals with ill gotten monies to inflate the cost of living here further while the pan national oligarchs ship jobs overseas. not a good formula. its as if the FedGov was playing sim-city as stupidly as possible at the moment.

  • On 10 Feb 2014 in Solutions to San Franciscos Housing Problems, Mick Russom said:

    Its time to leave. Wages for senior developers are over 200k +RSUs now. The cost of doing business here is prohibitive. Im seeing trends in larger companies to try and use non-coastal states where possible to reduce operations costs. I know im preparing a departure, the bad schools, the bad traffic, the confiscatory taxation has made the nice weather not worth it anymore.

  • On 10 Feb 2014 in JP Morgan Chase: We Actually Benefit From Downturns, Mick Russom said:

    Banks are bartenders. They get money when the clients are crying or celebrating. They are evil. Usury was considered vile through most of history, and when the credit cards and house as a credit card mechanism was foisted on the public, the middle class has seen a drastic decline in the standard of living (real and relative).

  • On 10 Feb 2014 in How to eliminate our national debt, Mick Russom said:

    "Deficit: $740 billion ; Warfare Spending: $830 billion"

    I would say take a look at both statutory and discretionary at the same time here. Unfunded liabilities, interest on debt, discretionary and statutory obligations makes it very unlikely the money printing will ever stop nor the budget ever under control again. We are going to eventually end up in a jubilee-over-time scenario.

    I wish it were this simple. Its a start, if you can convince others to shutdown welfare please do, but Im fairly certain the banking cabal, the pan national oligarchs and the corrupted will blow what is saved on other things.

  • On 10 Feb 2014 in Why do ppl promote the lie, 'Money Doesn't Bring Happiness' ?, Mick Russom said:

    Seems to me that take your average, well to do Hollywood idiot - who has no real skills and basically gets handed an existence for looking good - you take them and you see that they get divorced, do drugs, OD on heroin, hunter Thompson blew his head off, relationships with kids are strained, legacy is always marred, alcoholism, substance abuse, idiotic political thoughts that only a person who never really worked a day in their life could think, etc.

    I really wouldnt trade my life for theirs. Money is great - but as you can see from some past lottery winners and Hollywood idiots that money can enable the worst traits to be perpetually enabled. I'd like money, but in a trusted/earned/controlled way, not a tony stark+cocaine and girls way.

  • On 30 Jan 2014 in Can't believe prices have doubled in 2-3 years, Mick Russom said:

    New Renter says

    Maybe. But Oakland is a refuge for techies priced out of SF. That makes for a very different situation than most other markets.

    Techies who are the best and the brightest who spend all day spying on us to shovel ads in our faces. This latest crop of techies, the Facebook losers, are so bad with what they do with their brains this rubbish can't continue. They are also complicit with spying on us and sending that data to the Fedzilla.

  • On 6 Jan 2014 in Liberals show their true values., Mick Russom said:

    Dan8267 says

    Liberals believe in equality under law

    hahahahahahaha. liberals believe in equal protection of laws? BWAHAHHAHAHAHH!.

  • On 31 Dec 2013 in Liberals show their true values., Mick Russom said:

    Dan8267 says

    Liberals believe in equality under law

    hahahahahahaha. liberals believe in equal protection of laws? BWAHAHHAHAHAHH!..

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