To quote Lord Acton over and over and ...

Submitted by Roanman on Fri, 11/04/2011 - 06:27

 

“Official truth is not actual truth.”

 “Power tends to corrupt and absolute power corrupts absolutely.

“Progress, the religion of those who have none.”

 “Political atheism: End justifies the means. This is still the most widespread of all the opinions inimical to liberty.”

“Divided, or rather multiplied, authorities are the foundation of good government.”

 “Bureaucracy is undoubtedly the weapon and sign of a despotic government, inasmuch as it gives whatever government it serves, despotic power.”

“Bureaucracy tries to establish so many administrative maxims that the minister is as narrowly controlled and guided as the judge.”

“It is bad to be oppressed by a minority, but it is worse to be oppressed by a majority.”

 “There should be a law to the People besides its own will.”

 “Democracy generally monopolizes and concentrates power.”

“Americans dreaded democracy and contrived their constitution against it.”

“For it is a most striking thing that the views of pure democracy...were almost entirely unrepresented in [the American] convention.”

 “The true natural check on absolute democracy is the federal system, which limits the central government by the powers reserved, and the state governments by the powers they have ceded.”

 “Limitation is essential to authority. A government is legitimate only if it is effectively limited.”

“Authority that does not exist for Liberty is not authority but force.”

“The will of the people cannot make just that which is unjust.”

 “A convinced man differs from a prejudiced man as an honest man from a liar.”

“By liberty I mean the assurance that every man shall be protected in doing what he believes is his duty against the influence of authority and majorities, custom and opinion.”

“It is easier to find people fit to govern themselves than people fit to govern others.”

 “The danger is not that a particular class is unfit to govern. Every class is unfit to govern.”

 

What I keep sayin' ..... still

Submitted by Roanman on Thu, 11/03/2011 - 07:40

 

The following is taken directly from the Resource Center at the Treasury Department.

 

Who/What is the Treasury Borrowing Advisory Committee (TBAC)?

 

The Treasury Borrowing Advisory Committee ("Borrowing Committee”) of The Securities Industry and Financial Markets Association (SIFMA) is an advisory committee governed by federal statute that meets quarterly with the Treasury Department. The Borrowing Committee’s membership is comprised of senior representatives from investment funds and banks. The Borrowing Committee presents their observations to the Treasury Department on the overall strength of the U.S. economy as well as providing recommendations on a variety of technical debt management issues. The Securities Industry and Financial Markets Association does not participate in the deliberations of the Borrowing Committee.

 

Treasury Borrowing Advisory Committee Members

CHAIRMAN

Matthew E. Zames
Managing Director
JP Morgan Chase
383 Madison Avenue
New York, NY 10179

VICE CHAIRMAN

Ashok Varadhan
Managing Director
Goldman, Sachs & Co.
200 West Street
New York, NY 10282

 

Curtis Arledge
Vice Chairman, CEO, Asset Mgmt.
BNY Mellon
One Wall Street
New York, NY 10286

Richard A. Axilrod
Managing Director
Moore Capital Management, Inc.
1251 Avenue of the Americas
New York, NY 10020

Ian G. Banwell
CEO & CIO
Round Table IMC
214 North Tryon Street
Charlotte, NC 28202

Jason Cummins
Managing Director
Brevan Howard
1776 I Street NW
Washington, DC 20006

Dana Emery
Executive Vice President
Dodge & Cox
555 California Street
San Francisco, CA 94104

Paul Tudor Jones II
Co-Chairman & CIO
Tudor
1275 King Street
Greenwich, CT 06831

Walter J. Muller III
Chief Investment Officer
Bank of America
600 Peachtree Street
Atlanta, GA 30308

Jeffrey S. Phlegar
President
Alliance Bernstein
1345 Avenue of the Americas
New York, NY 10105

Ruth Porat
Executive VP, CFO
Morgan Stanley
1585 Broadway
New York, NY 10036

Stephen Rodosky
Managing Director
PIMCO
840 Newport Center Drive
Newport Beach, CA 92660

Stuart Spodek
Managing Director
BlackRock
55 East 52nd Street
New York, NY 10055

Richard Tang
Head of Fixed Income Sales, Americas
RBS
600 Washington Boulevard
Stamford, CT 06901

Stephen A. Walsh
Chief Investment Officer
Western Asset Mgmt. Co.
385 East Colorado Blvd.
Pasadena, CA 91101

 

Now, here's the question you gotta ask yourself.

Who's interests are being discussed when the Treasury Borrowing Advisory Committee meets with the Borrowing Committee.

 

 

Which of course, is what I keep sayin' ..... still.

If anyone can figure out the signature on the cartoon, I'd like to link it to the source.

 

 

The EU debt crisis in one graphic

Submitted by Roanman on Tue, 11/01/2011 - 07:15

 

From Charles Hugh Smith's fine site Of Two Minds.

Click the dominoes for the accomanying analysis.

 

 

As an aside, the Maastrict Treaty also known as the "Treaty Of The European Union" became effective on this date in 1993.

 

The Mystic Knights of the Oingo Boingo

Submitted by Roanman on Mon, 10/31/2011 - 11:06

 

A couple of the minions hail from Southern California.

You may not be aware of this but for Southern Californians of a certain age, when it comes to Halloween there is only one band and only one tune that truly satisfies.

That band being Oingo Boingo and the tune, Dead Man's Party

So ... from 1985, here's Danny Elfman on guitar and vocals, Steve Bartek playing an exceptionally tasty lead guitar, John Hernandez on drums, John Avila on the bass synth, Michael Bacich (I think) on keyboards, and the horn section of Leon Schneiderman and Sam (Sluggo) Phipps on saxaphones with Dale Turner on the trumpet.

Oingo Boingo.

Dead Man's Party

 

 

 

No minions ..... thank you.

 

Watching video on a Saturday morning .... actually much of the night

Submitted by Roanman on Sat, 10/29/2011 - 08:04

 

For some reason, it's been an incredibly rich week for video.

Here is some of the better short video we've either subscribed for or had sent our way.

Thanks to Somebody who sent us the Battle for Brooklyn stuff and didn't want to be identified in any way.

We figure he/she's embarrassed to associated with us.

 

Wealth disparity in China is far more profound than it is in America.

The following thought has been spreading across the length and width of China

If one percent of American people own 90% of the wealth, one ten-thousandth of the Chinese people own 90% of the wealth.

Who should be occupying what?

The phrase "Occupy ......." has been banned on all search engines across all of Communist China.

 

 

If you feel compelled to mess with the banks any way you can, this kid ... don't be offended, I've attained that age where damn near everybody's a kid to me ... has an extremely clever, nonviolent idea.

 

 

The following is an interview from the makers of and some bits of a trailer for the movie Battle of Brooklyn, a documentary on the acquisition of the land for and subsequent construction of Barclays Center and one of the more eggregious examples of the use of eminent domain for private profit you will encounter.

 

 

Unfortunately, around here Christmas comes with winter.

We're giving this one some serious thought.

 

 

What I really want for Christmas

Submitted by Roanman on Fri, 10/28/2011 - 17:09

 

Sheila P. messaged me straight out of left field or God's country depending on your point of view something to the effect that you don't want an airplane for Christmas, what you want is a horse.

Well ..... Ok ... not necessarily at this moment but yeah, most of the time.

Then she said, "You only post cutting horse video's.  Why don't you put up a reining video?"

I can do that.

Here is Shawn Flarida and the great Wimpy's Little Chic, the National Reining Horse Association's all time leading money earner with $514,800, winning the 2007 NRHA Open Futurity.

Who, if she could be bought at all, might start at auction on the low side at about the price of that seaplane.

 

 

 

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