chinese fire-drill

Cornered with prospects of more market bubbles (a dot-com bust redux of 1999 and 2008 after a less than stellar performance of a networking platform that’s only, but, not merely, the sum of its user-generated antics), aspersions are quick to be cast out, like so many throwing-stars and there are the usual targets, scapegoats.

Revelations that, after several years of negotiations, the Chinese central bank has been afforded direct access to the Federal Reserve’s treasuries auctions without having to go through a middle man, a Wall Street bank, to complete the transaction—bidding on, buying US debt, have raised headline indignation. While it is a fact that no other bank, domestic or foreign reserve bank, has this special privilege and everyone else must use a Wall Street intermediary and that does raise some suspicion in itself (especially in light of another revelation involving military contracts and knock-off computing components), it does seem like a false-flag diversion to first question why buying up American liabilities is facilitated for China and deflates the underlying premises: even the transactions between the Federal Reserve and government agencies are brokered by major investment banks, charging a commission, and perhaps other institutions ought to wonder about the special privilege that these select middlemen have. Are the bankers of Wall Street less than trustworthy? Should the US manufacturing Would more public disclosure of any country’s debt-buying activities (mediated through a bank) cue market volatility or keep prices low for the bidding pool of a closed-auction? Should such a pyramid-scheme be any country’s or institution’s primary means of staying afloat, no matter what nation is buying? Looking for engineered snares and backdoors, regardless of who’s the trigger and who’s the trapper, and cyber-warfare is healthy and circumspect paranoia, but overshadows more basic questions that should be asked of America’s penchant for off-shoring—its defense and its public obligations.

unkraut bleibt unkraut or a fist full of flowers

There is a German tongue-twister that goes, Blaukraut bleibt Blaukraut und Brautkleid bleibt Brautkleid—that is, red cabbage stays red cabbage and a wedding dress stays a wedding dress.
I don’t find it so much of a challenge to enunciate but believe it has philosophical value, especially as a tongue-twister which is not. Unkräuter are weeds (not herbs) and belongs to a funny class of German words with Unwetter (storms, bad weather), Unding (an anti-thing, something impossible or unbelievable), Unart (not disciplined, a bad habit), Unverstandnis (a misunderstanding) and Unwort (a contrived nonce word). After getting some flowers for the balcony, quite by accident and not even in view of the home improvement/garden store where we found the geraniums, I spied this advertisement for a much decorated and controversial brand of weed-killer. Germany has roundly rejected the other toxic vertical monopolies of this agribusiness concern, at least publically, pressuring their genetically modified foodstuffs into exile and not subscribing to the patented plantation-style farming programme (a modular scheme where gardeners and farmers are obligated to buy all the precisely formulated extras—from seeds to fertilizer to insecticides), and I don’t know anyone here who would go to the time and expense of forgoing getting one’s hands dirty and doing a little gardening and maybe even tolerating the spare weed.  I was happy to see that this billboard’s location was not an affront, and was relegated to an alley by a casino and a discount store, like an advertisement for cigarettes.

svegliarsi

The latest earthquake that has devastated the northern Italian regions of Emilia and Romagna is a spiraling nightmare for the people of that area, whose realizations, the rugged landscape of disaster are quick to manifest after the initial shock and immediate loss. Not only are families dealing with bodily injury, lost lives and being displaced from their homes, they are also facing the loss of their livelihoods moment by moment as factories remain closed—so too shops, hotels and resorts, and the damage done to many historic landmarks is not just a blow potentially for the tourism industry but these fortresses and churches are a font of community, pride and character. Local producers might see a huge batch of ripening cheeses go to waste, unable to reach the aging rooms. As residents survey the rubble and struggle to get their immediate affairs in order, there are the sombre declarations that there is no money to rebuild. Cushion-less financial rigour is easily buckled by nature’s unreckoned discipline, and one cannot hope to promote recovery and growth by allowing any one community to wither. I hope these towns and villages are able to recuperate and save their historic and cultural treasures and not suffer alone, and as a result, that governments on all levels not connive to come up with exit or ejection strategies, assigning blame, but rather, in response to this tragedy, come up with ways to assist, which is really the meaning of union.

sock puppet or propagaИda

Bundled and buried within the US omnibus defense bill is a rather unassuming rider that would overturn protections for the American public from being subjected to disinformation campaigns by the government and the military. Proponents of this language argue that past measures, which came into force after World War II and a bit ahead of the Red Scare, makes for ineffective diplomatic correspondence in demanding a measure of accuracy in message and reporting, and the success of propaganda used on terrorists in foreign lands is too promising and ought not to be squandered on domestic audiences. I suppose now it might be even more of a challenger to discern the hype from the distraction and truth, half-true from the total fabrication.

canary in a coal mine

It is not as if we have all collectively woken up in some bizarro-universe that’s suddenly, jarringly ruled by the friction, influence and speed of money, not the viscosity or ingenuity of wealth.

It was a gradual process, of course, and financial collapses have happened for eons, speculating on war, religion, tea, whale oil, opium and even tulips (Tulpen), and the systemic development has transformed money from a store of wealth into an instrument, a fishing-lure or a decoy that’s tossed into the wilds with hopes to bait more. Maybe one day in the future the indebtedness of petty kingdoms, petroleum, gold, and industry stability will seem just as anodyne and antiquated, insofar as economic indicators go. This newly established energia has not only created a casino atmosphere with high-stakes and lighting fast reversals of fortune, it has also invited unthinkable mingling of tools and vessels and self-regulation, where the office of the banker and bursar are one and the same.

A sufficiently sophisticated economy will certainly grow to incorporate a service and servicing sector, but the enforcement of a regulatory framework should not be totally outstripped either: mingling and forced fraternization ought not be tolerated—building and loans should not be trying to ensnare savers with investment opportunities (not tempted to cover losses and reduce risks by mixing funds), likewise, perhaps automobile manufacturers should not be boasting a banking and loan division that justifies its own sales, nor should the central banks that set monetary policy be governed and influenced by executives (of their familiars) of the private financial institutions they are trying to buoy up (with public funds). There is no threshold beyond which an institution is too big to fail, but rather it is measured, I think, to the extent that it estranges people and resources from their purpose, and the insistence of maintaining such a status ensures corporate welfare, reduces liability for loss over (encouraged) precarious behavior, placates clients and limits scrutiny and regulation.

six degrees, sechs grad

Researchers at the University of Heidelberg extrapolating from the native nosiness of plug-ins and sharing short-cuts have mapped out a shadow network of a-social students, predicting connections with a fair degree of accuracy. A match rate of forty percent, as the New Scientist article reports, may not sound so revealing but I am sure it can be a little disconcertingly prying and people are shunted as terrorists and put on no-fly lists for more tenuous and specious reasons, never mind the targeted advertising.

This experiment is not reproducing the tactics of the prominent social networks, but is rather a rhetorical exercise to demonstrate how it can be done. Having recently tried to be forgotten (though I only managed to deactivate my moribund account, not delete it), I find the persistence of memory to be the most disturbing. I still get barrages of emails, and if I am viewing a site with an invitation to endorse or ingratiate myself over said networking site, I am invited, by name, to re-animate my account. One should tread carefully, and perhaps the lesson is that one should maintain a healthy and vibrant fake social life, in order to ensure that the internet is not making the wrong assumptions about what one likes or dislikes or who one is friends with.

clair-obscur

A few days ago, we visited a castle ruin positioned high on a promontory. It was really interesting besides, I thought, how the intact and the missing architectural elements channeled light and shadow over this sightseeing playground with a commanding view of the surrounding Rhön region below.

The portals in the galleries and arcades were fitted out with these sleek red wooden shutters and doors (looking especially modern scaling the high, heavy wall of windows), and it seemed that this setting would make a very nice and authentic venue for banquet or for a party.

ozymandias or call for submissions

I suppose that the nature of public art and installations has changed significantly, given the volume lent to the voice of praise and criticism and that the failure or success of icons—landmarks, anchors, can be instantly and broadly adjudicated.

While looking at some of the new monuments being readied for London and reading about the generally negative reception regarding this legacy of eye-sores, I was thinking how public artwork has changed as well through corporate sponsorship: stadia, libraries, towers and parks still can bear the marks of megalomaniacal egos for something colossal and enduring but unlike the pyramids, temples and theatres (or even military parades), the public is estranged from the selection and even the building process. Sometimes, it seems too, that there’s not enough space, patience or time to contain these grand aspirations (though the lasting inheritance becomes the accompanying security presence in many cases) and to impress with equally indulgent sums of money, so volunteering or competing to host high-profile events can placate the collective need for awe and something akin to respect. The hosts and underwriters do well with these elite and exclusive congresses, grabbing the public’s attention without regard for their lack of involvement, displaced and without the option to protest or participate. London’s becoming a fine example of this shilling and pandering, but so are other places too, in grand and imperial style, like the US eagerly agreeing to entertain the world’s leadership in a succession of conferences, the G8 and NATO summits, closely followed by the Bilderberg Group’s (DE/EN) meeting.