Archive for the ‘Uncategorized’ category

New Promos For TNT’s Leverage!

October 2, 2008

TNT has put up a new trailer for the excellent upcoming series, Leverage.

Vodpod videos no longer available.

more about "New Trailer For TNT’s Leverage!", posted with vodpod

There are now also character profiles. She is my favorite, Parker:

Vodpod videos no longer available.

more about "TNT – DramaVision", posted with vodpod

This is a series that everyone should watch. So far, it’s the only thing worth watching this new TV season.

Previously here:

Leverage: TNT December 2008
TV Networks Are Using A Leaking Service?
Leverage: The (Leaked) TNT Pilot
Leverage: Coming Soon To TNT
The Lever That Is The Internet

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Chronicles Of Depression 2.0: #275: Euros

September 29, 2008

Banks flood Europe with cash
EU’s central bank launches special operations, Bank of England enacts $10B tender, Swiss National Bank offers auction at 1.85% to stem trouble.

FRANKFURT, Germany (AP) — The European Central Bank said Monday it launched a special operation to provide more cash to banks in the euro zone as the financial meltdown’s tendrils enveloped banks in Britain, the Benelux and Germany.

At the same time, the Bank of England launched a $10 billion overnight tender Monday which was oversubscribed by more than $3 billion by 10 bidders, indicating demand for credit exceeded supply.

In Zurich, the Swiss National Bank said it had offered markets a one-week auction at 1.85% and would continue to provide liquidity in a “generous and flexible manner,” its standard communication, without further details.

Emphasis added by me.

In a normal world, banks lend money to one another all the time. This is how the credit market works.

In this abnormal world, banks now refuse to lend to one another and are borrowing money from all of us.

Do you think the government is watching as closely as it needs to, in order to model the consequences to all of us if bank after bank fails with no funds to repay?

Stop and think about what is going on here.

We are simultaneously bailing out the greedy bastards to save our own necks while tightening the noose around our own necks!

This is absolutely upside down.

In the next iteration of the financial markets, value must flow from the bottom, not from the top.

I’m reminded of a passage from a book I read ten years ago, Global Squeeze: The Coming Crisis for First-World Nations by Richard C. Longworth:

What is the purpose of an economy? If it is not solely for the well-being of the people who live within it, what is an economy for?

Emphasis added by me.

So, what is the purpose of an economy?

Chronicles Of Depression 2.0: #271: GM

September 28, 2008

General Motors stock in just one year:

52-Week High (10/12/2007): 43.20
52-Week Low (07/15/2008) 8.81

Half of me wants to be gleeful because of the smugness of the bastards for decades.

Then the other half of me realizes this stock’s drop is going to impact — has already impacted — lots of retirement accounts.

Our system is one of mutual hostage-taking.

Reference: Absalom’s Pillar

September 27, 2008


Pillar of Absolom, Jerusalem, 1857
Image from NYPL Digital Gallery, The New York Public Library

Wikipedia: Yad Avshalom

For centuries, it was the custom among passersby — Jews, Christians and Muslims — to throw stones at the monument. Residents of Jerusalem would bring their unruly children to the site to teach them what became of a rebellious son.

Chronicles Of Depression 2.0: #254: Poll

September 27, 2008

On this final “normal” weekend, before everything changes irreparably forever, this poll is scary:


Composited image. Click = big.

Fifty-eight percent think it will self-heal or it’s all talk.

Chronicles Of Depression 2.0: #231: Pray

September 24, 2008

I’ve been paying close attention to the testimony of Paulson and Bernanke.

The bailout is bullshit.

“Price discovery” is a pretty term for uncovering fraudulent valuations.

That’s what brought down Lehman Brothers. When people finally saw that a bunch of paper Lehman was valuing at $20 billion was fetching only $2 billion in the current open market, everything else was flushed down the toilet too. Lehman destroyed itself.

How many other companies have been playing that game? All of them!

“Market mechanism” is bullshit. There are no buyers right now. The housing market was based on outright fraud. Home ownership affordability has been made impossible even with writedowns. So where is this new massive sum of money going to come from?

It’s not!

They think they can now ignore the free-market principles they’ve espoused and pushed pushed pushed since Reagan came into office. They think they can sweep all this under the rug.

With the millions of foreclosed and now empty homes — that aren’t selling — how many construction companies will be able to get loans to build new unneeded and unsalable homes? Housing construction is dead for the next five to ten years. There’s already a glut of inventory.

You think international investors aren’t going to notice this? Do you think they operate under different accounting rules than everyone else? Do you think they won’t see the past ten years of foundational wealth essentially being erased? With the government trying to assure them, Hey, no, really, it’s okay to still buy our Treasury Bills in order for us to continue increasing our national debt. Backed by what? By what collateral? Millions of homes empty and falling apart due to being empty and unmaintained?

Paulson and Bernanke were asked more than once to explain the ramifications to the average American of not passing this bailout. They balked. They won’t say it’s The End. They won’t even say that even if the bailout FAILS — and it will — that it’s The End. It would enrage the American people to find out they’re facing an American Gotterdammerung.

I’ll damn well say it: It’s The End.

And there’s one point I really must address. It was said quickly: “People buying homes they couldn’t afford.” What? Say that shit again? Do they think these people walked into a store with a fucking credit card and said, “I’ll take the Colonial!”? Are they fucking insane, to try to pass that shit off on us? There had to be real estate agents, mortgage brokers, bank financing. Speedbump after speedbump, check after check, to validate the buyer. People who rightfully never dreamed they would ever own a home were lied to and told they could. Millions and millions of people were outright lied to. And because they believed, because they made their faithful mortgage payments up until the time the ARM jacked up the mortgage to double or even triple what they were paying — those people are the villains of this piece? Oh no no no. You can’t pass that truckload of bullshit off on me, nor on any other American — especially the millions who were defrauded!

This makes me so fucking angry. Can you tell?

The word used again and again is “unwinding.” Hey, unwind that shit. All documents have signatures on them. Trace them back and back and back to the real estate agent, the mortgage broker, and the bank officer who signed up. Put those people in jail to begin with. And then wind it all back up and go up that ladder again and put in jail the megabanks who took these lies and fraudulently revalued them, laundered them, and sold them.

As it is, this bailout is nothing but another grand fraud.

I can smell it from where I sit in front of the TV watching CNBC. So will international investors sitting in front of their TVs watching CNBC.

This is The End.

All Chronicles of Depression 2.0 posts. As if they matter now!

Red Sony Reader: REAL Pictures!

September 24, 2008

A kind soul who wishes to remain uncredited sent me three real pictures of the red Sony Reader!

Click to make big!

OK, now is it tempt-o-liciously gorgeous and lustitastically irresistible?

Yes!

Previously here:

FIRST PHOTOS! Red Sony Reader!!