White House Gambling : A Terminal Legacy

– 9 April 08, The Almost Daily Binx, San Jose, CA; by Binx101

Averaging Down

“… limit the down-side risk, even if a security drops in value like stone…”

Anyone that has ever made a living in the equities markets understands the term – Averaging Down.  From a strictly pragmatic perspective, it makes sense on paper.  That is to say, if you have a holding in a stock, and the price goes down, your average price of ownership will be lower if you buy more at lower prices.  This may be a sound investment approach, however, it presupposes some very important details; simply stated, one must be confident that the security in long-term is in general good health, and will return to higher prices over a period of time that is suitable to the investor, fund or trust.

It gets a little more risky, when the money that one uses to ‘buy’ the security is in actuality, borrowed. However, the consummate professional will mitigate that risk by using an ‘options’ strategy (remember that word-options) as an insurance of sorts on the overall value.  That is to say, it is very possible to limit the down-side risk, even if a security drops in value like stone off a cliff.  Conversely, the upside is also limited when using these tools.   In the options markets these tools are referred to as straddles and spreads.

Brand Loyalty – Averaging Down America

“… a partnership of considerable criminal activity and fiduciary negligence…”

However, averaging-down, became a practice that assisted in the market crash of the late eighties and again in the ‘dot.com bubble bursting’ in 2000 that sired a Recession.  It was aided by an exuberant investing public; largely unsophisticated in the capital markets. and preyed upon by an industry that used Average-Down as a war cry to unload empty promises and essentially fleece the personal holdings of millions of people around the Globe.  What distinguished these times from any other times are the tremendous number of predatory investment firms that were unloading their falsely inflated holdings into the hands of individual investors.

Do you remember seeing scores of large investment firms folding during that time?   No you don’t.  But we’ll bet you remember thousands of stories of personal fortunes gone up in smoke; blamed on the ‘bubble’ – but it was not a bubble at all. It was a partnership of considerable criminal activity and fiduciary negligence by the stalwarts of the investment community, that was compounded by an ineffective Clinton Administration SEC in the late ’90’s; and, further compounded by the Bush re-fitting of the SEC by installing former industry professionals throughout American government that all had ties to the Casino.

The introduction of ‘interested’ parties has essentially circumvented the cornerstone Securities Acts following the Great Depression, that were put in place to prevent precisely what has happened in the sub-prime mortgage debacle.  The industry operatives actually created new products, not covered under the acts and placed them in Real-Estate Investment Trusts, Limited Partnerships and other Money Market transactions  are not particularly visible until there is a disaster in the market.  This is a highly abbreviated explanation but we sure you get the point.  Just think of all those ‘who-done-it’ movies’ where someone gets suspicious and checks the hospital bed only to find the patient is gone and carefully placed pillows and blankets have been fooling the guard.

The Money Machine – Transferring American Assets

” … lobbyists posing as a great deal of the Republican legislature.”

Just imagine now that the most successful harvesters of the dozen or so years preceding 2000 got together and picked our next President.  He would have to be fluent in English, but not competent in its use. He would need to be a desperate chronic failure in order that a groundswell of disgruntled Americans would see the personification of the American Dream.  That is to say, that even a sub-average guy, with bad manners and a tawdry past could be President. But … he would have to have an ostensible pedigree. Enter, Gov. George W. Bush in a cloud of dust that would soon be revealed as the power brokers of energy, banking and warfare.

Of course the great illusion, notwithstanding, our precious Nation has been in the hands of those that cut-their-teeth on fleecing the American people in the investment markets and energy markets, and now had unprecedented access to the machine that prints the money.  The only price to pay was to hoist an essentially empty suit and pose him as the American President.  Not unlike the movie ‘Dave,’ we actually have had no leadership other than a committee of investment bankers that are building a web of tunnels to the money machine before they appear to leave town, and their expanded roster of lobbyists posing as a great deal of the Republican legislature.

But maybe even worse, that have taken the hard earned money of the American taxpayer and converted it into personal wealth of no particular domain other than their own.  The converted assets have been cached in Dubai, Saudi Arabia, Qatar and other points that the bloodhounds would not be unable to track.

Caveat Emptor

“… as they camouflage the wreckage they will leave the next President …”

From our perspective the American public needs to be degaussed; that is to say, the polarity that was manufactured by the Casino at the White House needs to neutralized, in such a way that a dialog can actually occur and our lawmakers can once again become lawmakers instead of hawkers for the bus tours to the Casino.

The first step though is coming to a belief that we have all contributed in some way to permitting this incredible force of impostors and charlatans to fleece our Treasury, Invalidate our Military, spend and ruin American and Iraqi lives like demented Roman Gods and cause most of the world to view the US as a hegemonic and ruthless homestead of dangerous compulsive gamblers on one of the greatest losing streaks in modern history.  We must take some of the blame and petition our leaders, watch them closely, remain involved and take the reigns of a form of government in lieu of the Constitutional Principles that so many Americans have given their lives to preserve.

Americans are divided, largely because of steady diet of misdirection and misinformation.  The American Press, now a Corporate-For-Profit privatized source of information is very likely not to bite the hand that feeds it.  We consider the result that free enterprise has had on the press as tantamount to the Iron Curtain.

It will take a great amount of American spirit and personal reflection to get our friends and neighbors once again confident in our system.  The current race for the Democratic nomination and ultimately the race for president while healthy, is not always particularly helpful, inasmuch as the race has served to distract us from the current confounding acts of the Administration as they camouflage the wreckage they will leave the next President of the United States.

Next President : Holistic Leader, No Gambling the Public Trust

“… inspire repair to what has become the road lest traveled.”

We believe there is every possibility that the next American President will preside over the greatest period of reconstruction since FDR.  Our next President better very well speak of Hope and Public Service and be inspirational.  We Americans need to shed our selfishness and rampant consumerism; our insatiable appetites for ego stroking and status; and return to a time of values that are based in liberty, freedom and equality. Where we didn’t need labels and memberships designed to create a caste system of the ‘haves’ and ‘have-mores’ that have been convinced that one political party wants them to be prosperous and the other wants to take their wealth away.  That one political party has a brand on Patriotism and the other party is somehow un-American.

Let us face that the arguments between conservatives and liberals has been fabricated by third parties that are neither and have distracted the American conscience while they have looted the treasury.  At some point we accept we are in this together and the only way to avoid further disillusionment is to rise above the confines of our egos and false fact.  We have no need for idols, we need to elect a fine manager that can assemble, with particular scrutiny, a group of patriots to inspire repair to what has become the road lest traveled.

We believe that American People, need to start speaking for themselves and not be irrelevant quotes on the lips of politicians that have wrapped pork products in the dashed hopes and countless tax dollars of American patriots.  We need to see the draped coffins of our military dead so that the Americans face the full version of reality, not the edited version we’ve become accustomed.  And, we must care – care for our Nation not just the interior of our new car, or whether our neighbor is mowing his lawn at 7 AM.  We need to care about Americans health and welfare.  We need to care as much for living children as we do for unborn fetuses.  We need to focus on the many things we share – and break the habit of specious argument, exaggerated threats and unabashed lying that George W. Bush and his handlers have purposelly addicted the US electorate.

Doing good things for our neighbors, both foreign and domestic, is the balm that always healed America.

McCain – Republican Royalists Re-visited

The Loquacious Liaison League & Loyal Lobbyists

“We fear McCain is much more dangerous than more of the same.”

Clearly the U.S. Constitution provides for the lobbying of Congress, and to that point, the mjgramm.jpgprotection of  lobbying seems to have mystically transformed itself into protection of lobbyists. For instance, one of architects of the type of unbridled financial deregulation that has indisputably led to our national mortgage disgrace is former Senator Phil Gramm (R-Texas) Co-Chair of McCain’s presidential campaign. Read Politico here.

fiorina.jpgAdd to that mix, conferees such as Carly Fiorina, who last was scene riding the rails out of Silicon Valley with a boxcar full of dough after causing a revolution at HP that set the company back 10 years.  Not only did she manage to alienate the talent at acquired Compaq, Inc., she pleaded for patience with her branded value-added integrators while her henchman began violating non-compete agreements and offering the integrators customers cheaper deals if they did business directly with HP.

And just to add to the list of lobbyists that performed hawking acts for EADS (European hoover.jpgAeronautic and Defence Co.) and now strategically placed among the McCain election campaign.  (A recent article dicussing McCain’s role in the Pentagon’s choice of Airbus to displace US Based Boeing to build the next military tanker plane here) and we can see a seond coming of the Royalists that could spin FDR in his grave. John McCain, while not as lucid as Herbert Hoover, does share his lack of tact, as evidenced by his Gregorian chant speaking style which is compounded by his lackluster thinking style.  We fear McCain is much more dangerous than more of the same.

Ridiculous Comparisons – McCain and Clinton Share the Stage

“… claimed to misspeak, as opposed to being mistaken”

If you want to see the real John McCain – search the Internet for dialogues that can’t bemccainhat.jpg rehearsed and speeches that aren’t written by others – so that you can get a glimpse of the his lack of information, knowledge of history and feel for governance.  For instance, recently, although soft-balled by the corporate media, John McCain equated the occupation and invasion of Iraq with the continued US presence in Japan, Korea and Germany.

We were dumbstruck with the lack of critical challenge from the cowering corporate media in this barely conscious allegory, instead of the obvious comparison to Viet Nam.  A war that was not victorious, an occupation that remained bloody and a political battle that empowered the military industrial complex pricisely the way President Eisenhower warned in his farewell address.

hillwideeyed.jpgIt is also our opinion that the Democratic Party’s lack of unity and Hillary Clinton’s recent symbolic embrace of her friend John McCain’s leadership, was a dangerous and offensive slap in the face not to her intended victim, Barack Obama, but to the Democratic party at large.  It is the Clinton Campaign’s ‘anything goes’ / ‘kitchen sink’ styled attack that reveals a similar danger in Hillary Clinton’s leadership style.

Recent gaffes about Bosnia and mistakingly promoting that her landing party was under attack or taking sniper fire during a trip in the late 90’s was characterized as misspeaking.hillarybosnia.jpg We beg to differ.  Misspeaking is when one mispronounces someone’s name, or attributes the wrong person to a quote.  Both the person and the quote exist in fact.  Misremembering is something quite different and should be subject to every scrutiny on this matter and other matters where she has claimed to misspeak, as opposed to being mistaken. Mistaken is a mild way of characterizing a little girl and flowers as sniper fire.

No one has suggested that she has to have combat experience to be able to capably be our Nation’s civilian Command-in-Chief.  We do think this was an attempt to further her claims of being tested.  While we understand that her campaign thought the tag-line would be a good tool against Obama’s relative newness on the National political scene, it has yet to be substantiated.

MSNBC: Dumming Down Dem Debates

by Binx101 – San Jose, CA-27 Feb 08 – http://www.binx101.wordpress.com

MSNBC - Debate - Clinton_Obama

Brian Williams and Tim Russert presided over, what is hopefully, the last debate for a while. Far be it from us to discount the value of watching potential Presidents debating in action; however, the questions developed by the moderators were derived entirely from the campaign rhetoric without any probative value.Obama_Clinton If one follows the campaigns, one already knew the nominees responses. So? what was the point? Was it to see how well they would do their lines? With all due respect – crazy Uncle Nunzio could have come up with the same questions. Here’s some we heard last night:

“Eh, how about the picture in his pajamas !!!”

“Oh, now tell him shame on you to his face !!”

“Kid, you really think you got as much experience as the nice lady?”

“When we went on strike, my wife Rosa, rest her soul, taught the other wives in the local how to prepare for the strike and then how to get through it. Everyone recognized her as amazing. Do you think she could drive a locomotive?”

“Fahgettabowdit, what’s with the insurance talk What happened to health-care? All you they talk about is coverage. Didn’t you guys go to school? In the insurance racket – someone has got to lose, but its never the company. Aren’t enough of us losing now ?? How in God’s name did you convert this issue to insurance? We need a health-care for people who work hard. Charge them for the health-care they use – forget about insurance!!!”

About this time, we encourage Uncle Nunzio to go back to his room and listen to a little Julius La Rosa. Plus the fact that striped sweater that the kids bought him for Christmas makes him look like he’s on a chain gang – but don’t confuse crazy with stupid.


So Tim Russert, using Al Jolson hands sans white gloves, repeats himself, russert_debate1.jpgurging the candidate to commit to something, even if its irrelevant.

Wouldn’t you have been blown away if he asked the Uncle Nunzio insurance / health-care question? Maybe asked Barack to elaborate on the Rezko matter?

 

Brian Williams, certainly he’s a nice guy too, but he causes spontaneous narcolepsy when he takes 50 seconds to ask a 3 second question. Another fan of Jolson hands,williams_debate he has to tell us that he’s going to read something and then read it. Didn’t anyone tell these guys that they are on television? We can see them reading. This isn’t a 1927 radio broadcast.

Then there is the debate coverage analysis which should more appropriately be aimed towards analyzing the moderators and how they squandered a perfect opportunity to ask two very bright and capable candidates questions that weren’t memorized – the way kids know the remaining candy in the big bowl a week after Halloween.

Frankly, form our perspective, we’ve learned a lot more from listening to the Senators Clinton and Obama speak to crowds or one-on-one interviews than any of the debates have provided. The silly semantics involving Louis Farrakhan’s endorsement of Obama were a waste of time and revealing about some of Clinton’s experiences. It reminded us of the airplay that “the definition of is” got for Bill Clinton just over a decade ago. Obviously, Hillary beginning to see a waning of the Black support she had previously commanded would pipe up in some manner – it just didn’t seem relevant to incredible opportunity to ask these two candidates revealing questions of principle, rule-of-law, immunity, our military preparedness, States rights, the Supreme Court etc… How about what they would be looking for in Cabinet choices? Attorney General? Joint Chiefs?

Perhaps it’s just us – we wanted to hear something new. We don’t need to hear from the NBC News-talkers – we wanted to hear responses to well thought out intellectually stimulating questions. What we got was debate for dummies, largely because of the moderators. The Candidates are clearly intellectually capable – the moderators seem to be either terribly scripted, constrained by management or simply less than imaginative. As far as we’re concerned – leave the millionaire talking heads to sell soap powder and provide some depth next time. Please?