Move along—nothing to see here. There is an odd instance of disclosure yielding a sort of hybrid-transparency—that’s middling somewhere between rank-hypocrisy and demanding a blessing—with the news of the son of the vice-president of the United States of America being appointed to the board of directors of a Ukrainian natural gas concern.
This whole regime seems pretty keen on this line, gimmick of sophistry which divorces perception from reality and everything is same- otherwise—but of course that’s politics everywhere and immemorial, and there are too many incidents of unfortunate associations to list. There’s no chance of corruption or conflict-of-interests or skewed negotiations. End of story—and the line of questioning was summarily rebuffed. Of course, selling back fracking Freedom Gas to Europe and the US (as opposed to evil, commie Russian gas, and exporting the dirty business of doing business to someone else’s backyard) is a sure way to ingratiate democracy and singing eagles to the region, and has absolutely no parallels to former VP’s connections to war-profiteering and firms contracted to rebuild Iraq after the US invasion. None whatsoever.
Thursday 15 May 2014
reasonable person or scare quotes
catagories: ๐ท๐บ, ๐บ๐ธ, economic policy, environment, foreign policy, revolution
Friday 21 March 2014
satrap
While the US, in its usually cheeky fashion, is dismissive of the counter-sanctions of the Russian government, declaring senior members of the Senate as personae non grata—as EU and US authorities are freezing the bank-accounts of certain Russian nationals and imposing travel-restrictions, canceling debit cards, and believe their ribald attitude has dissuaded Russia from pursuing this tactic. Russia, however, I am certain is more than a few moves ahead of the parties that would boycott and blackball Russia for its posture in the Crimea and other satellites in its orbit, trying in fact to counter perceived or real expansionist's ambitions with appeasement (even though it is never presented openly).
catagories: ⚛️, ๐ช๐บ, ๐ท๐บ, ๐บ๐ธ, ๐, economic policy, foreign policy, transportation
Monday 3 March 2014
reductio ab hitlerum
Apparently at one point during his conversation with the US president, the Russian premiere invoked that the invasion of the Crimean peninsular was executed for the protection of ethnic Russians living in the area. Immediately, this elicited a petition by many Russians and Russian-speakers residing there, refusing those overtures, stating they needed no protecting and felt, on the contrary, very secure and welcome.
Though no further violence has actually yet been perpetrated with the occupation of the region, the next maneuvers are unclear, and I am sure that someone, somewhere has pointed out the obvious, said the argument that's no popular or considered logically flawed, but isn't this current reasoning parallel at least to the invocation of “protecting the ethnic Germans” in 1939 in Gdansk in Poland or in the Sudetenland in Czechoslovakia, Japan declaring Korea a protectorate in 1905 before formally annexing the country in 1910, or the acts of others that one cannot call to the carpet, not to mention dozens of trespasses committed in the name of US interests and for earlier empires? This invasion was premeditated and not a spontaneous response to an opportune moment of civil disarray and the defanged counter-balance is left with few tenable options, even in terms of economic sanctions—considering Europe's dependence of Russian natural resources and especially allied China's favourable assessment of Russia's actions, able to levy painful usury as the financier-in-chief of the world's accustomed lifestyle. Ukraine, despite the odds, could however offer resistance, having a respectable arsenal in comparison regardless of the spread of their antagonist, but this possibility is being decimated by Russians recruiting Ukrainian force individual by individual, luring them away with a passport and citizenship.
catagories: ๐จ๐ฟ, ๐ท๐บ, ๐บ๐ฆ, ๐, economic policy, foreign policy, revolution
Sunday 2 March 2014
sovereign wealth or statlig investerings
Always a good steward of her natural resources and forward-thinking, Norway's petroleum fund which reinvests proceeds from oil profits, and is edging towards a trillion dollars, translating into a tidy $165 000 (en million norsk kronen) pay-out for each of the land's five million inhabitants, seems to be having a bit of a crisis of conscience that I wish might plague other public pensions well.
catagories: ๐ณ๐ด, economic policy, environment
Wednesday 12 February 2014
seismograph or triple-witching
A certain breed of a meme has been circulating the internet since around last November, superimposing the contemporary US stock-market erratic-pulse with those of 1928 and 1929 in the period that led up to the crash and following world-wide Great Depression.
catagories: ๐ง , economic policy
Thursday 30 January 2014
a,e i-o-u (and sometimes y)
As the hyphenated prefixes i- and e- are mostly claimed by private, the US government has grown fond of the old fall-back my for a lot of its self-service applications, mostly cordoned to the vast community of conscientious bureaucrats.

Now the American administration, just as the Affordable Care Act is finding its sea-legs, is introducing the so-called MyRA—for an individual's own individual retirement account (IRA). In other words, the US president wants to afford people the opportunity to supplement their statutory pensions with low- to no-risk investment vehicles for workers who don't have that benefit from their employers, whom are in the majority. I am constantly astounded how the opposition hounds and hobbles best intentions and usually pervert them into something other—like ObamaCare that can sadly now never live up to its expectations, saddled with various riders. I do, however, see rather soberly the outcome of such a surprising and gregarious act. As the very public and autonomic gesture of quantitative easing (read printing money) is rather unpalatable for the trading-houses that would manage these contributions of new and universal investors, it's surely a welcome cover for, I could see this diverting becoming, a mean to absorb US debt outside of such an unsustainable model, and enables business as usual. I do hope hope that the nay-sayers are wrong with this assessment.
catagories: economic policy, labour, lifestyle
Wednesday 29 January 2014
angel-investor or miner forty-niner
Such actions, I think, have been on the horizon, waiting in the wings, for some time and authorities with the US Department of Justice (DOJ), championed by investigators—rather character witnesses for the prosecution—with the US Drug Enforcement Agency (DEA) arrested Bitcoin money-changers on charges of money-laundering and drug-trafficking charges.
catagories: ๐ท๐บ, ๐บ๐ธ, economic policy
Wednesday 15 January 2014
rassgat: a term of endearment
Spiegel's international desk has an interesting and humourous postcard on the character, economic collapse taken in stride and subsequent recovery of Iceland. The nation's attitude and come-back certainly makes amends for the past gambling that lead to the crisis—responding in a model-fashion, allowing its banks to fail and political reforms, plus a return to core-competencies and capitalising on native ingenuity that is worthy of precedence. There are also a lot of bonus items contained in this missive: Icelanders are spoilt with geo-thermal energy (also a promising natural resource for future export) to the extent that they can heat their sidewalks with subterranean pipes to prevent them from freezing and water from the tap needs to be cooled below scalding before it can be used and the saying Petta reddast—the mantra that everything will work out.
catagories: ๐ฎ๐ธ, economic policy, environment, foreign policy, language, lifestyle
Wednesday 25 December 2013
repatriation or silver and gold
Germany Central Bank has announced that it is their intention to return some thirty-seven tonnes—the metric ton, which is always an important distinction, like among pounds (#, £), poids and Pfunde (℔), of gold bars stored in facilities in New York and Paris. When approached, authorities at the Bundesbank would not go so far to express any misgivings in the faith—in terms of security or integrity, for the host countries storing the diversified treasury, and possibly the conditions that prompted holding specie elsewhere simply do not exist any longer. No word on how this mission is to be executed either and whether there will be specially-appointed gold-bearers.
Still it seems hard to accept otherwise—that there is not some element of distrust or, on the other hand, wanting to divest oneself of liability on the part of the holding-groups, in action, until one considers that this move, massive as it is, and representing over one billion euro of bullion is still only about one-tenth of one percent of Germany's foreign gold reserves, squirreled away in hundreds of other vaults—presenting an actuarial and logistics nightmare, with projections to store half of the horde in-country within the next six years.
catagories: ๐ฉ๐ช, ๐ช๐บ, ๐ซ๐ท, ๐บ๐ธ, economic policy, foreign policy, transportation
Tuesday 24 December 2013
2013 annual
As the year draws to a close with the convenient bookends of a calendar, it is remarkable to look back and see some of the nascent events—themselves a part of an unbroken chain of consequences and choices, scatter broadly over time and culture. Once plotted and understood in terms of custody and causation, I wonder if anything will go without attribution—though that's, I think, beyond the jurisdiction and competency of PfRC, in the future. I also wonder post-axiomatic logic is such a good thing in itself, since those influences are subject to interpretation and partisanship, which is somewhat easier and self-affirming that research and reasoning. Let's see what surprises remain and what's incubating.
january or alright, mister demille, i'm ready for my re-take: The year began with double-bluffs of the so-called fiscal cliff, culminating in a season of paralysis and donning and doffing blame and responsibilities that led to the furloughing of federal workers and a complete government shutdown for the United States. Looming civil conflicts in Syria are re-polarising politics and set the stage for a redux of colonialism, which really coloured the rest of the year.

march or habemus papem: Francis I is elected as Pope, becoming the first Jesuit pope and the first from the New World, and throughout the remainder of the year, calls for reforms in the Church and surprises the whole world with his humility and acts of loving-kindness. The financial ministries of the EU agree on a pact to stave off bankruptcy in Cyprus and Luxembourg, but crises are not avoided altogether.

may or songs that made the hit parade: Human stem-cells are created by cloning. We had to say goodbye to the stage and screen actress, Jean Stapleton. Consumers and national fronts reject corn and other staples exported from the US due to concerns over the safety of genetically modified food-stuffs and the risk of contamination to the food-chain and larger ecology. A lot of other supranational and corporately unilateral treaties find themselves in jeopardy later on.
june or i-spy: Former NSA contractor flees to Hong Kong, releasing a cache of files on surveillance practises of the US and partner spy agencies. The uproar wells through out the year as the scope unfolds.


september or fabu: Many athletes and activists are calling for boycotting the Winter Games in Sochi due to the host nation's stance on gay rights. No amends were forthcoming although the hosts rescinded early warning that the safety of gay olympians could not be protected. Possibly the exposure and pressure lead to a tumult of unexpected state-pardons later in the year. 2013 was a banner-year for gay-rights internationally, however, with the US Supreme Court refusing to uphold the Defence of Marriage Act and recognition creeping into legislatures around the world.

november or zeitgeist: A powerful typhoon lands on Vietnam and the Philippines, causing grave damage and killing thousands. We also had to say goodbye to author Doris Lessing. A haul of missing art treasures first identified by German customs officials in Mรผnich, not see since before WWII, again came into media attention.

Thursday 28 November 2013
the man with the midas touch, a spider's touch
I tend to keep the news in German on the t.v. On in the background and usually I can play-along at home with divided attention but there has been a lot of talk and debate recently over tax reform and much mention of the Goldfinger Steuermodell—“Goldfinger nichts mit James Bond zu tun.” The German tax code is something impenetrable, I image even for a native, so I decided to investigate: Goldfingern, as a gerund, refers to the practise of taking advantage of a certain tax-shelter, a loophole (indeed named after the Bond villain Auric Goldfinger), which the Bundestag is moving to close.
Essentially businesses and individuals with the means buy enormous amounts of gold (or some other asset that's going to increase in value and easily convertible) through an agent, a front-company, in some other country and declare the purchase a loss in order to zero out their tax liability. Given the geometric progression on the increase of the price of the commodity, they stand to make a profit whenever they choose to sell—the next day or next year. Under existing treaties that aim to mitigate double-taxation, avoiding having to pay taxes to one's country of allegiance and to where the profit was made, money made from such transactions are not subject to tax. The agreements state that the rate will be adjusted to reflect the profits but as those engaging in this practise are already in the top bracket, there is no additional tax collected. It does not only happen in Germany, of course, and uncounted billions are estimated to be lost. When one hears about giant corporations paying nothing into the tax-coffers despite record profits, goldfingern is one of the tricks they employ—and it is not that they have particularly clever or ruthless tax-preparers.
catagories: ๐ฉ๐ช, ๐ช๐บ, ๐ฌ, economic policy
Monday 25 November 2013
paying peter to rob paul
Just scant weeks after the European Union floated the proposal to set negative interest rates for its institutions, there are reports that some American banks threatening to impose the same for depositor accounts should the US Federal Reserve step back on its programme of buying assets—that massive lienholder effort on the part of the US government that has been keeping up appearances for months.
catagories: ๐ช๐บ, ๐ฏ๐ต, ๐บ๐ธ, economic policy
Friday 8 November 2013
doctor pangloss, i presume?
Though this kind of story might seem a bit belaboured—in spite and because of the very cultural isolationism of gentrification which causes the wealthy and the poor to
believe their station in life exactly what it ought to be and every one
else is just as fortunate featured in the article, Zero Hedge has a list of twenty-one facts and figures that add insult to injury. Such a brand of capitalism does not seem equitable at all and only designed to support the illusion of limitless opportunities and detached entitlements.
catagories: America, economic policy, labour, philosophy
Sunday 3 November 2013
genossenschaft oder working-class hero
H and I took a weekend trip to the town of Delitzsch, not far from Leipzig, and while it was a very casual, relaxing trip and we even stayed indoors, rather than caravaning (it was a curious feeling to be in a hotel) , and took in some of the sites (the Altstadt was well preserved and dominated in close-quarters, the entire town surrounded by a moat with this high defensive tower and Baroque palace built as a retirement home for dowager-princesses and later used as a women’s correctional facility), there are certain quirks of history that have shaped this region, which are not always apparent by what has been curated.
Though always rich in natural resources, arable land and industrious people, it was not until the Saxon province was ceded to the Prussian empire by a mandate of the Congress of Vienna that administratively recreated Europe after the defeat of the armies of Napoleon.
Production, which formerly had not risen above the levels of cottage-industries, were suddenly objects of interest for Prussian robber-barons (the entrepreneurial geniuses who ended the Chinese monopoly on china through sheer determination and alchemy and the manufacture of textile and the growing of tobacco and sundry became more and more organised. Of course, wage, life-style and handicraft itself became diluted in the process. In response, a generation, some forty years into this new relationship native son Hermann Schultze (nee Schultze-Delitzch) founded many charitable organisations to look after the families who found themselves conscripted into this corporate entity, including hospitals and survivors' pensions—however, his most enduring and helpful establishment was a concept now known as the credit-union, a financial institution by and for its members. Such organic means were invaluable ways for workers to better understand the environment that they had become part of, and I wonder if going forward, similar community institutions by trial and error might prove instructive.
Thursday 31 October 2013
pot to kettle or once bitten
The US Treasury scolded Germany's economic policies and growth model with a barrage of seemingly well-crafted but empty soundbites that smack of some quasi-political, talking-head segment content-generator. The response of the German minister of finance of “incomprehensible” seemed more than apt, as the EU economic powerhouse suddenly found itself elevated above China and Japan as the usual prime targets of America's lecturing, pummeled with flowery-phrases the strongly criticised their apparent reliance on exports rather than concentrate on increasing domestic consumption.
Some how, this shift is supposed to help the rest of the Euro Zone pull out of its malaise, but I believe that Germany already is tapping its surpluses and success—albeit maybe not to the right degree—by helping to finance the burdens many European debtor nations have been saddled with, thanks in part to the tantalising, easy credit of US policies. One could argue that Germany's windfall comes at the expense of partner nations, but it seems to me that the complaint, considering the source—a former exporter that has out-sourced and off-shored most of that talent in favour of trying to oversee trade, that this forum is becoming more of an overture to malingerers (the EU having already been burnt by a flirtation in earnest with collapse and devolution), to adopt dissolute debt, which already shy to such schemes the EU is strongly against. Euros are awarded an effete and scholarly regard, unlike the dollar, and can neither be created nor destroyed by the constituency. Compounded with the unresolved conflicts over espionage and its creative justifications, it seems the US should not venture further.
Thursday 24 October 2013
gelauscht oder tapped-out
Though no justification nor condolence, pardon moi for thinking that it had already been established that nothing is sacred and not privy to prying eyes and ears, and duly elected and appointed official truly have little control over the the culture of aggregated accretion of powers that have grown and sprawled in the name of security, frankness aside—like Angela Merkel's own Intelligence Chief, who could not account for the native agency's collaboration with America's.
There is nonetheless a distinct chill in the air, what with the litany of complaints and welling distrust surfacing. Although just tremolo-outrage surfaced when it was first suggested that Germany as a whole was siphoned through the safety-apparatuses of the States, compared to the latest revelations, the upward-osmosis and excess of raw data is disturbing. As no terrorist, of course, she or any one of us have nothing to fear, or so we are schooled to believe at the edges of exchanging indignation for appreciation of small courtesies, but again the spectre is raised—beyond a reasonable expectation of privacy or respect and transparency—of economic espionage, a read-ahead, that pits European values against American national interests. It is hard to say what ramifications such affronts might present? What do you think? Could this kind of largesse lead to a mass retreat, withdrawal—from NATO, from other contemporaneous treaties?
catagories: ๐ฉ๐ช, ๐ช๐บ, ๐บ๐ธ, ๐ฅธ, ๐ง , economic policy, foreign policy
Tuesday 8 October 2013
dowager or could you borrow me a dime?
Fiat currency, money, is in essence debt—that is why it bears the instructions “legal tender for all debts public and private,” and the capacity for governments to print, conjure more money is a function of their ability to incur more debt.
catagories: ๐ฌ๐ท, ๐ฏ๐ต, ๐บ๐ธ, economic policy, labour
Saturday 5 October 2013
grundeinkommen oder tres BIEN
Swiss voters may get the chance to decide on a referendum later next month to extend a basic, living wage to all its adults, an allowance for all, regardless whether working or not. Supporters of the movement, called Generation Basic Income (part of the francophone campaign known Basic Income European Network, BIEN) has dumped and swept around some fifteen tonnes of five centime coins in square in front of the parliamentary building in Bern, eight million—one for every citizen of Switzerland, to call attention to their efforts.
The group does not want to make it an option, an incentive not to work (in fact limited trials in developing nations showed that the only demographic to work less was new parents, who could devote more time to childcare and teenagers who were able to focus more on education, and there was a significant increase in creative entrepreneurship) or supplant, replace welfare and other social safety-nets (though some advocates say the measures would if passed, allow for a smaller government as well), but rather to introduce some level of income equality that guarantees individuals the right to get-by—especially at times when household microeconomics are prone to threats from larger, more global events, and help stop the cycle of poverty that's usually passed down from generation to generation.
catagories: ๐จ๐ญ, economic policy, labour, revolution
Thursday 3 October 2013
full faith and credit
Survey says that many Americans have a negative—or at least skeptical opinion about the Affordable Care Act, probably because such a mandate to look out for someone's better interests is novel and has been subject to a lot of besmirchment by ideologues that disagree with its implementation.
catagories: ⚕️, ๐ฉ๐ช, ๐บ๐ธ, economic policy