The dead parrots are breeding

In Bloomberg:

“Investors had always regarded the euro as a de jure German mark,……It’s dawning on the world that it is becoming, de facto, a Greek drachma.”

Ambrose Evans-Pritchard:

Club Med governments have built up €7 trillion sovereign debt under the cover of monetary union, which shut down the warning signals for borrowers and creditors alike.

and

...no British government can ever put Europe on the back-burner and hope it goes away. It hits you in the face, again, and again, and again. This is why so many British ministers end up feeling a visceral hatred for the project.
In my view, the EU elites overstepped the line by ignoring the rejection of the European Constitution by French and Dutch voters, then pushing it through under the guise of the Lisbon Treaty without a popular vote, except in Ireland, and when Ireland voted ‘No’, to ignore that too. The enterprise has become illegitimate – it is starting to exhibit the reflexes of tyranny.
The moment of definition is fast arriving from Britain. The measures now being demanded to save monetary union cannot and will not be accepted by this Government, Nick Clegg notwithstanding. The most eurosceptic people I have ever met are those who have actually worked for the European Commission, though it takes a while – and liberation from Brussels – for these views to ferment.
The outcome – une véritable gouvernement économique – will put Britain and the eurozone on such separate courses that it will amount to separation in all but name. The sooner we get the nastiness of divorce behind us, the better.

Frogs v schmucks

"Sarkozy ended up banging his fist on the table and threatening to leave the euro...This forced Angela Merkel to give in and reach an agreement."
The European Union and International Monetary Fund agreed a 110 billion euro rescue plan for Greece last week. But Germany, which must shoulder a good deal of the burden, had proven reluctant to commit itself to a plan.
Zapatero told his party members that France, Italy and Spain had formed a united front against Germany at the Brussels meeting and that Sarkozy had threatened to break up a traditional France-Germany "hold" on the rest of Europe

Meanwhile the dollar continues its secular decline against gold. The full faith and credit of the United States is less trustworthy than the dream metal of imaginary value.

The USA faces the same problems as Greece says the Bank of England:

...dealing with a banking crisis was difficult enough, but at least there were public sector balance sheets onto which the problems could be moved.
Once you move into the sphere of concerns about sovereign debt, there is no answer; there’s no backstop. And it is very important therefore that we hit these problems on the head now, put in place credible solutions to prevent the problems becoming worse.
And I detected at the weekend, in the conversations that I spent hours listening to on the telephone, that this sense of the need to work together was there again….
It is absolutely vital, absolutely vital, for governments to get on top of this problem. We cannot afford to allow concerns about sovereign debt to spread into a wider crisis dealing with sovereign debt. Dealing with a banking crisis was bad enough. This would be worse.

Well, that's nice. What then must we do? Raise taxes? Make "the rich" or banks or "speculators" top up the ludicrous pay, pensions and benefits of the public sector client class…legalised theft. But that induces contrary outcomes anyway as tax on the tapped out gets avoided and enterprise shrivels in the face of state theft. There's only one answer - shrink the state big time.

Dead parrot Euro socialist v one pissed-off hedge fund manager:

Confrontational, huh?

Chris Christie confronts the New Jersey press:

Soccer is a contact sport

3 weeks ago I had a clash of heads playing soccer. I was cut but cleaned myself up, walked away, applied ice at home and flew to Iceland a few hours later with a proud battle wound up top. The other player was concussed, but came to and had the presence of mind to demand photos. The guy had been lying on the hard floor for 15 minutes waiting for an ambulance in a widening pool of blood, but still smiled for a mug-shot. You've got to admire Australians. Here's what he looked like + my comment.

We take your money for the good of the world

Today Obama nominates the morally repulsive Elena Kagan to the Supreme Court. She is his "moderate" choice. This post is simply to record extracts from Powerline's terrific blog entry "A Note On Elena Kagan" :

As Dean of Harvard Law School, Kagan had to deal with the issue of compliance with the Solomon Amendment. Under the Solomon Amendment, universities receiving federal funding are required to allow the armed services to recruit on campus like other employers. It is a law that shouldn't be necessary.

Harvard Law School was one of many prominent law schools that chose to violate the Solomon Amendment, citing the military's don't ask/don't tell policy. The don't ask/don't tell policy is not just a whim of the armed forces. It is also the law of the land, but don't tell law school deans about it. They have to worry about matters closer to home, like their own schools' so-called nondiscrimination policies against hosting recruiters for employers that don't toe the line on homosexual rights.

When the Department of Defense sent Harvard a notice that it intended to enforce the Solomon Amendment, Kagan announced that she would adhere to what I call the Yale Doctrine, in honor of the statement made by then-Yale Law Dean Anthony Kronman at the time:

We would never put at risk the overwhelmingly large financial interests of the University in federal funding. We have a point of principle to defend, but we will not defend this--at the expense of programs vital to the University and the world at large.

Dean Kronman paid a backhanded tribute to the "money talks" impetus behind the Solomon Amendment. Thus the Yale Doctrine: We take your money for the good of the world.

And:

Kagan's side decisively lost the FAIR case in the Supreme Court [9-0]. I wrote while the case was pending in the Supreme Court that some lawsuits deserve a fate worse than failure. While decent military recruiters suffered the rudeness of their purported betters at Yale Law School and elsewhere in silence, the armed services of the United States were (and are) actively defending the freedom of those schools from peril. The rank ingratitude of those who should know better is a disgrace that deserves to be widely recognized as such.

Kagan doesn't have the guts to stand by her position that the military shouldn't be allowed to recruit because of "don't ask, don't tell", which of course was Clinton's compromise and is Obama's tho he mewls and pukes about it. And she doesn't have the guts to admit the highly relevant fact that she's homosexual.

To paraphrase Powerline: Some nominees deserve a fate worse than failure and so do some Presidents. Has any President ever nominated such a gang of intellectual cowards, tax evaders, hacks, placemen, student revolutionaries and enemies of The West? Nope. The Manchurian President indeed.

The soul of soccer

Tonight we'll know which swinish liberal opportunist will be running Great Britain and Northern Ireland for the next few years. At least if it's the faux-conservative Cameron there'll be a smattering of younger Thatcherites in the ranks as well as the PR spivs and parachuted victim groupies. And there'll be an outside chance of genocidally scaled-up throat-cutting in the public sector to slate my immediate bloodlust.

As we await the result, there's a spot on comparison here between Gordon Brown and Rafa Benitez, manager of Liverpool Football Club, the direly underperforming quondam rulers of the world in club soccer.

Extracts:

Brown: terse, prickly, combative; inspires great loyalty in a few (though not many Englishmen) and blanks those he feels have let him down
Benitez: terse, prickly, combative; inspires great loyalty in a few (though not many Englishmen) and blanks those he feels have let him down.

UK plc: needs astonishingly dynamic leadership to restore it to its traditional place in the world order
Liverpool FC: needs astonishing sums of money and managerial skill to restore it to its rightful place in the league.

UK plc: should have invested in infrastructure long ago (nuclear power, high speed rail, roads) if the economy is to thrive
Liverpool FC: should have invested in a new stadium without which gate receipts are £2m-£3m less than Man Utd and Arsenal’s every week.

But best are the comments:

Liverpool, best known for being the only city in Europe where it’s easy to park. Just don’t expect your car to be there when you return.
Just like Labour, the thieving gits.

I dont remember Rafa B selling off all our gold at the lowest price he could get OR inviting a couple of million ne’er-do-wells to suck merrily at the teat of british tax payer largesse.
OT
It used to be so easy supporting Fulham. Every saturday we’d get beaten by the footballing equivalent of the Dagenham Girl’s School Choir 7-0 and that would be fine, well… not exactly fine but we came to accept the world as it was and life was easy, no stress, no hassle.
Now we have started winning things, like football matches and it’s all a bit much.

As Bill Shankly, the immortal former manager of Liverpool, said:

“Some people think football is a matter of life and death. I assure you, it's much more serious than that.”

And for good measure:

“Me having no education. I had to use my brains.”

and:

“Aim for the sky and you'll reach the ceiling. Aim for the ceiling and you'll stay on the floor.”

Homeland Security

Some things I've learnt about the failed NYC bombing

1. There's a VIN on a car's engine as well as the dashboard. I knew that, but the bomber didn't. The next bomber will.

2. A young, male, recently naturalised, Pakistani who has just spent 5 months in Pakistan, isn't on a watch list.

3. Altho he'd been ID'd and was being sought, he was able to board a plane to Dubai at the main airport, JFK, of the very city he'd tried to bomb.

4. Army planes intercepted his cell phone number

He was hauled off a plane in the nick of time as it was about to fly to the Middle East. CBS 2 obtained air traffic control recording intended to stop the pilots from taking off. The controller alerts pilots to "immediately" return to the gate.

In the end, it was secret Army intelligence planes that did him in. Armed with his cell phone number, they circled the skies over the New York area, intercepting a call to Emirates Airlines reservations, before scrambling to catch him at John F. Kennedy International Airport.

Update - this page is now removed. Maybe the Administration reads this blog.

5. Mayor Bloomberg's initial suggestion was that the terrorist might be someone disaffected by Obamacare. The rest of the liberal nomenklatura were probably rooting for the same wish-fulfillment.

6. Mayor Bloomberg warns against threats against Muslims in the face of threats from nobody.

7. President Obama says he will not rest to defend America against terrorism. Barack Obama's political career was launched at the home of his friend Bill Ayers, the notorious unrepentent terrorist co-founder of the Weathermen. The Weathermen are not affiliated with the tea-party movement. What's the phrase? Oh, yes, Obama was "palling around with terrorists". You might even call them a "death panel". Now this guy is President of America, defending my children.

8. More comedy here:

Senior administration officials say that Faisal Shahzad was put on the no fly list on Monday at 12:30 pm ET.

So how was he able to board the Emirates Airlines flight to Dubai?

“It takes a few hours for the airlines system to catch up,” a senior administration official tells ABC news.

Another senior administration official adds that Emirates refreshes their system to update with US intelligence information periodically – but not frequently.

Hold on, pardner. Even were it true that the proper function of the bureaucracy is to deflect responsibility for catching terrorists to airlines, there's no way to get on an international flight at JFK without showing your passport and boarding pass to the Department of Homeland Security.

Meanwhile:

this self-congratulatory Administration will "keep it's foot on the throat of BP". It's like dealing with whiny children when the house is on fire. It may be noteworthy that the Obamans are demonizing BP = British Petroleum, but low-profile or silent about Transocean, the rig operator, and Cameron, which made the blow-out preventer which critically failed. Still it could have been worse. BP might have been jewish-ish like Goldman Sachs.

The Dept of "The Buck Stops Here" - Not is busy right now what with blaming Emirates Airline for the NYC terrorist's near escape. Where does a hyperpower find adult supervision when its electorate makes infantile choices?

An insufferable Brit

The BBC is rotten with smug assholes like this:

British politics for addicts

There's a General Election here tomorrow. For me the best outcome would be for UKIP, the UK Independence Party, to do well enough to get the faux-conservative, Cameron, sacked from the Conservative Party leadership. In fact Cameron will likely be Prime Minister 2 days from now, a true triumph of Cultural Marxism, when supposed conservatives take liberal ideology as a given. But I still voted Conservative, dammit:

Undulating up. Roll up! Roll up!

Garry Kennard
Director
Art and Mind
www.artandmind.org
www.garrykennard.com

Here's the group from 1984:

Garry, right; Gombu next to Garry; me 2nd left. One of Gombu's classic sayings to describe an excruciating path up a mountain is "undulating up".

Sympathy for a vampire squid

Been catching up with the Goldman's Case. I find Henry Blodget pretty persuasive.

Even if there was material non-disclosure outside industry norms tantamount to guilt in a civil case, the whole thing seems trivial unless part of a much vaster scam. Client (Paulson) asks GS to create a product to short the housing market, client proposes elements for the product, more than half those elements not selected by industry expert (Abacus) to compose the product, Abacus itself goes a billion long the product alongside other deep-pocket sophisticates including GS itself which loses $90m on it, then after the trade goes bad Abacus et al complain to the SEC that Goldman committed fraud by not naming Paulson as a short seller. Bollocks on stilts.

From what I've seen so far this is a purely political case which is wilfully financially illiterate. Matt Taibbi, a left-wing journalist on Rolling Stone, famously wrote:

The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money

but even he thinks this is about politics.

You know, this strikes me as a dumb move even by Obama's standards. The whole liberal project has flourished from the support of Wall Street Jews, many from Goldman Sachs, and Hollywood Jews. I know it's always tempting for demagogues to throw the Jew down the well (Borat reference, but the clip is boring) and Obama's doing his damnedest to throw Israel down the well and I know that the true religion of many American Jews is liberalism, but even they, even the liberal Jews in Hollywood, Wall Street, New Jersey and New York, must start to get what really animates Obama (and Obama's supporters and mentors like Wright and Farrakhan and Sharpton). Obama is trying to play America as tho America were an ignorant crowd of victim culture voters in Chicago. I'm not sure who Obama's friends will be once he's alienated the Jews, the Press, Middle America, Democrats in Congress, the Supreme Court. Blacks don't count since they vote monolithically for Obama already. Hispanics? I don't think so. They're not monolithic in politics and most have conservative family values.

Goldman can win this one and the rest of capitalism, Jewish, Hispanic, black or blue, should line up with them. Also significant will be Obama's increasing isolation. Hey, New York, how do you like who you voted for? He wants to screw your biggest industry, he wants to screw your tax base, he wants to try KSM in Downtown Manhattan for a couple of years. Happy?

Cramer too:

Lava saga

I'm scheduled to fly to Iceland a week from now, but all UK flights and many others are halted by the ash blown across from a second, much bigger eruption:

Vulcanologists are concerned about further, giganticker eruptions as the subterranean magma rivers gurgle around from volcano to volcano. I certainly don't want Iceland to blow up entirely before I've been and gone. After all I rather approve of the Icelanders telling the UK and Netherlands "can't pay, won't pay" in relation to their busted banks; they should just pay what they promised on the sticker to guarantee, as they've agreed, not induce further moral hazard by bailing out the improvident.

Here's a shot from my trip 3 years ago of the mountain that's presently erupting:

This is the mid-Atlantic rift shown near the site of the world's oldest parliament:



You'd expect such weird geology to make an island rather numinous. Here's the sort of thing the Icelandic numina get up to:

Now I'm on a roll, so I'll re-post a poem from my last visit:

Rhubarb's a stem and not a fruit,
Prunes and muesli make you toot,
But snorchestras will drown out wind.
Allegedly (I'm not convinced)
Box jellyfish aren't jellyfish and
Greenland is further east than Iceland.
A Minister of Elvish Matters
Defines the routes of roads and detours.
Dottirs and ssons of Irish slaves
Kill foxes, whales, whatever moves,
And there's a certain charm in grimness,
Tax evasion, drunken primness,
Strapping horses, strapping women.
Real men who smell of fish and semen.
Volcanic science,
Car-mangling giants,
Fire and ice,
I think it's nice.