Max Blog: Pumping and Dumping the 401(k) Crowd

Cross-posted at HuffingtonPost

This is what we know: The fractional-reserve-banking-enabled, Fiat-currency-assisted credit derivatives bubble that grew 10 times larger than Earth’s GDP has popped.

And the collapse of this greatest global Ponzi scheme since the South Sea Bubble has taken world markets with it. It has destroyed pension funds and wiped out banks across the planet. Economies have screeched to a standstill. Trade has collapsed. Fifty million have lost their jobs. A hundred million have been pushed into hunger.

This is what we don’t know: when, or if, the banking bailouts, money printing and other wealth transfer schemes will stop.

In America, the people are mad as hell and they aren’t going to take it anymore. Or that’s what you would think if you tuned in to any cable channel spewing the new populism.

The Wall Street Journal is reporting, however, that all that televised “populism” is a whole lot of hot air: “Today’s populism has created no large scale protests in the US.”

In France, I see almost weekly small scale protests and monthly large scale ones since the global Ponzi scheme popped last year. No, the French aren’t taking this lying down:

That isn’t the case overseas. Close to one million French demonstrators on March 19 protested the government’s handling of the economic crisis, and thousands blocked London streets on April 1 during a G-20 meeting, events that dwarfed any protests in the U.S.

On top of the protests, the French have also taken to “boss napping.” Basically, when a “boss” informs employees that they are all being laid off, the workers will then hold the “boss” hostage until the boss delivers certain promises to the workers. I was on a France 24 news program last week debating the issue:

The bossnapping continues because only 7% of the French population is against the practice:

In a poll last week by the IFOP survey group for Paris Match magazine, 30% said they approved of taking managers hostage.” Another 63% said they “understood but don’t approve.” Only 7% said they “condemned” the practice. A separate poll taken a few days earlier by survey group CSA showed 45% approved of “bossnapping.”

It’s funny that many Americans will call the French cheese-eating surrender monkeys, and, yet, the French would never quietly slip away into the night to live in a carpark or a tent city while bankers get billions in taxpayer financed bonuses. So why do Americans go so quietly?

The country today is different. America has an enormous middle class that is heavily invested in the financial system and is hardly about to organize for its overthrow.

This mentality, of course, allowed for the greatest transfer of wealth in America since the pilgrims first took this country from the original inhabitants. George Bush and Hank Paulson, with the help of their friendly media barons (the same ones that are now pumping faux populism), warned the country that if they didn’t hand over $700 billion for Hank’s three-page wealth transfer plan, the markets would crash. Well, the ransom got paid, and the markets crashed regardless, but at least the financial oligarchy got their bonuses.

People who have lost half the value of their 401(k) plans, in other words, want to regain it by having the economy rebound, not by seizing the assets of ExxonMobil Corp. People who have lost a home want to rebuild their credit and buy another one, not liberate the property of the wealthy.

As a broker, these are your favorite sort of clients. Desperate to make back lost money, they will hold on to the dear end, trading in and out in a panic.

Now these 401(k)-holding, shouting-at-the-television-screen-while-waiting-for-a-market-miracle citizens are about to find themselves at the other end of Geithner’s latest wealth transfer scheme masquerading as a bank bailout, the Public-Private Investment Program. According to this Bloomberg News commentary the scheme is a potential pump and dump scam:

The main premise of Geithner’s plan is that the banks’ toxic assets are now priced at artificially low levels. As the federal bailout program’s Congressional Oversight Panel wrote in an April 7 report, “Treasury has not explained its assumption that the proper values for these assets are their book values,” rather than the prices unsubsidized investors would pay for them.

If Treasury’s premise proves false, we may end up looking back on the Public-Private Investment Program as an elaborate pump-and-dump game. Only this time, unlike with the pools that sucked in gullible investors during the 1920s, the big losers would be taxpayers — who never had the choice of not playing.

Of course, these kind of scams are easier to execute on a 401(k) crowd that has proven they will pay the ransom quickly if held hostage as with the Hank Paulson’s three page wealth transfer plan.

Thomas Jefferson would be turning over in his grave if he saw that many of his predictions of a banking oligarchy had not only come true but that the population had remained so impotent, scared and silent in the face of it.

For more information, go here.

47 comments on “Max Blog: Pumping and Dumping the 401(k) Crowd
  1. Mep says:

    Very good idea to include the video!  That’s one way to get around the bastard corporations that won’t allow you on air here.

    One thing that’s a bummer about HuffPost is that it’s sometimes hard to locate articles there. I usually see your posts listed on the left side of the Business page, but can’t even locate it now without either following the link here or searching the blogger index over there.

  2. michael says:

    I have decided to forgive this bubble, its deceit and fraud and allow a new healing energy to replace it. Max and Stacey provide a source of healing because like other financial bloggers they have allowed new information to be made available to the general public. Let each person allow their own healing energy to surface in whatever form it takes. Something completely outside the system outside the matrix may then replace it. I have to say what has happened is far better than a nuclear destructive war which still may occur between China India and the USA 100 years from now.

  3. stacyherbert says:

    @Mep – yes, I thought the addition of the video was a good idea, too.  I also agree that it is difficult to find some Huffpo content.  For some reason, some blogs don’t make it to the feed.  Don’t know why.  Maybe it’s the video ;)

    @michael – very interesting idea to “forgive this bubble.”  I think I will talk about that on our Saturday show.

  4. William says:

    Maybe the French are quicker on the draw about the banker ponzi scheme because it’s happened to their nation already.  Here’s an article about John Laws bank(which became the Banque Royale) and the Mississippi Bubble.

    http://mises.org/story/3438 

  5. stacyherbert says:

    @William – yes and that would mean they also have a longer memory.  They are also against “precariousness” and have political parties here campaigning against this very thing!  Whereas, in America, the entire nation is governed by chance and black swans.  One broken ankle or other slight medical problem, for example, can destroy an entire life’s investment in a human life.

  6. Mep says:

    Stacey,

    I’m hoping that the reason it’s not appearing is that you guys just recently posted it. 

    I’ll go over there and start spreading the link to make sure that people see it.  Usually this time of night, people start posting random You Tube clips on the story at the top of the main page, b/c that’s where all of the late-night commenters are hanging out and they’ve long since exhausted the topic of the story.

  7. Mep says:

    ahhh…

    sorry for the “e” in Stacy.  (I’m finishing off my wine and hyper-corrected, b/c I was afraid that Stacy was the misspelling!)

  8. Colin says:

    Max/Stacy – How are the French being treated by the police during their protests? Are the people/police aggressive?

    Maybe most people are afraid of speaking up for fear of the heavy hand of the law??!!

  9. Youri Carma says:

    Bad Bank idea would would probably be “very expensive,” costing as much as $4 trillion

    FROM:Asset Guarantees Gain Momentum in U.S. Bank Talks, 4 February 2009 – (Bloomberg)

    Although “Stress test” may seem an interesting term but boiled down it’s nothing more than a biding time gimmick. Even Bernanke himself said:

    “The outcome of the stress test is not going to be fail or pass. The outcome of the stress test is how much capital does this bank need in order to meet the credit needs of borrowers in our economy.”

    FROM: Bernanke’s testimony on Fed’s monetary policy, 24 February 2009 – Washington (Reuters)

    “The Fed said the tests conducted at major banks are aimed at ensuring the institutions have enough capital in reserve to continue to lend in potentially bleaker conditions, and are not a measure of banks’ current solvency.”

    I repeat: “NOT a measure of banks’ current solvency.”

    “U.S. Treasury Secretary Timothy Geithner announced plans to cleanse toxic assets from banks’ balance sheets.”

    I repeat: “PLANS to cleanse toxic assets

    FROM: U.S. sketches out bank tests, more capital needed, 24 April 2009 – Washington (Reuters)

    So, how the freak’n heck can you think out a such a Black Hole creating system where the houses drastically lower in price but the underlying securitisations are worth more, according to the Brotherhood Bankers. It’s like Joe said, a crazy law of economics unless you want to refeed the Brotherhood over and over again with indiscretional transfer fees to make an inappropriate and very expensive bubble act on the taxpayers graveyard.

  10. Mep says:

    Youri,

    Here’s a piece on Geithner that you may be interested in–from the Baseline Scenario:

    http://baselinescenario.com/2009/04/27/geithner-wall-street/#more-3474

    (The idea of Geithner “leading while walking behind” is not a fun one.)

  11. wolfgang says:

    UK attacks hedge fund rules

    Yesterday we read that France (and Germany) has told the EU Commission that their new proposed regulations are not stringent enough, and today we read that the UK complains that the  EU Commisions proposed regulations are too tough…unbelievable

  12. Phil says:

    Good article … and good comments …. Thx all.

    Has anyone been following the Martin Armstrong papers ?
    http://www.scribd.com/kzuur58

    Very interesting …. a lot of what he has written supports Max’s statements about the global ponzi scheme.

  13. Danny says:

    It seems to me that many Americans (not all) suffer from a ‘superior complex’. Maybe this isn’t true but its certainly pushed across in the media that way. its always there wrangling in the background. The flashy graphics, full lips and sharp suits on tv, the huge sporting spectacles, the laguna beach paradise, the white teeth and buff SUVs pushed this illusion of invincibilty. When in Connecticut a couple of years ago a friend joked his country ‘was the only superpower!!!…WOOO YEEEAAAAHHH!!!’- i joked my country never invaded another.

    Did the people of Rome, Byzantine, Ottoman feel any different? There is something in the human psyche that demands we dance ’til the last song.
    I certainly feel the media is completely complicit. We had a ‘recession special’
    here on tv last night here in ireland and there still talking about sub- prime morgages.
    the word derivatives wasn’t mentioned once.

    Its true you know- a democracy only exists if you have a well informed
    public. and the public dont wanna no when the donuts are cheap and the guinness
    is flowing

  14. Justin says:

    Perhaps the typical American’s identity is closely tied to the US’s financial system (or at least the idea of it).  The US media/culture Czar’s  give it’s citizens a winner’s loser’s mentality.  They wont protest as they think they will loose their identity as winners, they will go quietly into the night perceiving themselves as losers.

  15. Youri Carma says:

    @Mep TnX!

    H’ve red the story and here I got an interesting piece on Geithner myself:

    In Geithner We Trust Eludes Treasury as Market Fails to Recover, 25 Februari 2009 – (Bloomberg)

    Geithner from your piece: “Geithner seems to have been an especially able advocate for Wall Street” and from my piece: “Studies in Washington. He studied international economics, East Asia and the Japanese language.” says it all.

    Geithner is a Jurist not a very good Economist. As I remember from Law school that the most brilliant Law Professors are not able to make a proper mathematical calculation on the chalking board. Law school is infact only about language. So, if you find yourself a lawyer who makes calculation mistakes you’ve probably got a good one. Geithner also is just a minion and partly was chosen for his connections and surely for his convintions so that they know he exactly does what they’ve already planned.

    What I don’t understand is that such an intelligent bloke like Geithner is not able to figure out reality and keeps persisting on wrong ideas?
    But you have such a thing as compartmentalised profession deformation. If you work long enough in a specialised area that by itself creates failures in the system.
    You only are able to see reality through that specialised compartmentalised coloured spectacles which is a limit on how many colours you can see.

    Bottemline: Whoever Giethner may be, it’s all a Major fuck up! To leve you here with a pargraph from ” in Geithner We Trust”

    Shadow Banking

    The Treasury secretary also plans to kick-start the securitization market, or the bundling of asset-backed securities for resale that inflated the credit bubble before it burst in 2008.  This shadow banking system accounted for 33 percent of the credit supplied to the U.S. economy in 2007. To resurrect the market, the Fed will expand its Term Asset-Backed Securities Loan Facility to as much as $1 trillion from $200 billion. TALF, which was scheduled to begin in February, will finance the purchase of student and auto loans and credit card and mortgage-backed debt. “Permitting these securities to be issued got us to where we are now,” says James Galbraith, an economist at the University of Texas at Austin. “Securitization is useful, but it has to be done properly, and regulators need to be on top of it. Securitization of subprime mortgages is clearly unsafe.”

  16. kosta-kosta says:

    The French got rid of their aristocracy once, it got embeded in their tradition, and now they can take to the streets and set up barricades faster than you can say camembert. 
    French cops are notorious for their violent demeanor.
    The point is, if you want to stop someone from robbing you, there are means and ways, you only need to really want it.

  17. stacyherbert says:

    @Colin – Good question.  It’s obvious that Americans are afraid to protest because of the police beating they are likely to get.  And quite possibly they will face decades long incarceration.  Entire lives obliterated by a corrupt state.  This isn’t allowed to happen in France (yet) because this sort of action does not have the consent of the governed.  In the US, I think American ‘wrestlers’ like the other side to get the sh&* kicked out of them by the goon squad. I have sat many times eating lunch in the cafes of rue Soufflot as student rioters face riot police.  Life goes on as normal.  The police do not taser to death students.  I would imagine if they did, they would have street protests from yes even the safe middle-class.  And the protests wouldn’t be confined to a few blogs and/or column inches in the newspaper. 

  18. Mep says:

    Youri,

    You make a very important point re: specialization.  Specialization in any field has a way of narrowing the mind.  While that can be beneficial, it also has the tendency to become a double-edged sword.  In my own field, I’ve seen how specialization kills creativity and even passion–students know that they have to eventually specialize, so they chose whatever is convenient at the time (a professor’s interest, department’s sub-specialty, area of research where all of the department’s research $ is, or whatever happens to be the discipline’s flavor of the year).  It’s a troubling thing to reconcile in one’s own field ( I still see myself as a generalist and experience great pain in the pressure to  specialize), but it’s even more troubling to realize that students of all disciplines are being similarly forced to narrow their interests, research, and in effect effect, ways of thinking.

    I see Geithner– though I am sure that he is extremely intelligent– as a failure of the American educational system.  Or rather, as a symptom of the failure that is the American educational system.

  19. stacyherbert says:

    @Mep – “failure of the US educational system” is actually the success of the US indoctrination system.  I remember first coming to Europe and discovering that pledging allegiance to a flag every morning before class was considered alarming to my British friends.  We also did something called “Swish and Spit” every Wednesday I think it was . . .  we were given little paper cups of a really strong gooey fluoride substance to swish around our mouths while the teacher watched over to make sure we did it but also to make sure that we did not swallow it . . . I guess such an intense concentration of fluoride would be toxic?

  20. Youri Carma says:

    @mep@stacyherbert

    This failing of the educational system has been going on everywhere only it started earlier in the U.S.. U.S. trends blow over to Europe, which takes time, and finds its way. I all can be lead back to Berlin Wall fall when there was a general feelin “The West had Won!” and therefor Capitalism had won.

    That has led to the idea that Bankers are the best to lead the nation and the making of society true naked liberalistic capitalism or Reaganism, Tacherism. In a way it leads back to the Ford way of thinking which made McDonalds huge.

    They are all Control freaks and if you have the money you’re always right cause if you are rich your opinions seem to count more for some strange reason.

    This Ford/Banking thinking destroyed the creativity in artist and scientist. Now they had to profit not to create or invent which is an entirely different thing.

  21. Danny says:

    As far as I know, only Ireland and the UK are the countries in the Europe who still put fluoride in their water supply. I am involved in a campaign with Irish MEP Kathy Sinnott to get fluoride out Irish water. Shes the only one speaking up about it. Apparently it was the Russians in the 20′s who were the first to put fluoride in the water as a means of dumping down people-  then the Nazis took that idea and ran with it- IG Farben prime culprits.

    Stacy, i can’t believe you swore to the flag every morning- thats crazy.

  22. stacyherbert says:

    @Danny – we had no choice!  It was mandatory for all but Jehovah’s Witnesses so one lucky girl, Kim, got to sit it out. I remember when I was about seven asking my mom what a JW was and could I be one so I didn’t have to do the pledge.

  23. Matt Stone says:

    I think a lot of it has to do with American’s pathological addiction to optimism.  People are not eager to show discontent in public.  It’s more socially acceptable to talk about the last episode of Rock of Love than it is to spout off consipacy theories about banking oligarchs and the coming globalist servitude of all nations.  To do that is to earn a reputation as being some kind of whack job or peddler of “pessimism porn.” 

    Plus, now if you are against the bailout moves and the idea of economic stimulus you are automatically filed away as a Republican, which is now associated with backwoods, redneck, wife-beatin’, PBR-slugging, uneducated idiocy after the last 8 years with Senor Bush at the perceived helm. 

    It’s like, if you say anything that suggests that Obama is anything short of being the Messiah amongst educated people, everyone looks at you like you are unbuttoning your overalls in attempt to fornicate with your flock. 

    I think that’s what it’s really about.  It’s going to take Americans a long, long, time to get over their collective Obama infatuation.  Only Rednecklicans seem to be willing to lash out against him at the moment. 

    P.S. – Thanks Max and Stacy.  It’s truly a form of art and true mastery to watch you guys be able to educate and entertain – even making us laugh as the world explodes around us.  It’s been a real treat to have stumbled across your site and videos. 

  24. Danny says:

    A rebel even at 7! what a badass! :D

  25. Mr Supergeek says:

    Ther are some points I’d like to add,  but at what point does this romantic generalising about france at the expense of the US become kinda prejudiced/racist and only influenced by our ownl imited experiences or opinions.
    Stacy I know this isn’t a forum but maybe as designated moderator try to raise us above just bashing the american psche.  We all seem to admire and respect you and  Max, so lets not forget the US is capable of educating and  producing lots of great citizens.

  26. Mr Supergeek says:

    I can spell psyche etc…..  problems doe to fact I can’t find my glasses.(honest)

  27. Juman says:

    OK, please pardon my “anti-english” north american Englihs for moment, but what the FUCK is the Wall Street Jounral talking about when they say: “America has an enormous middle class”–What the FUCK is that? The US doesn’t have an Enormous middle class, the middle class now accoring to gov’t stats now make up just under 40% of the population. But here is something that they say which I find amusing & yet very releaving: ” that is heavily invested in the financial system and is hardly about to organize for its overthrow…..People who have lost half the value of their 401(k) plans, in other words, want to regain it by having the economy rebound, not by seizing the assets of ExxonMobil Corp. People who have lost a home want to rebuild their credit and buy another one, not liberate the property of the wealthy.”–If the Financial system has roobed you blind, YOU HAVE TO OVER-THROW IT! If you 401(K) plan has been reduced or being given to you at pennies on the dollar–YOU HAVE TO SEIZE THE ASSETS OF THAT COMPANY YOU DEDICADED YORU LIFE TO & NOW THEY ARE THROWING PITTANCES AT YOU! And if you lost you home base on lies, why the hell do you care about the wealthy peoples credit rating systems, you sieze & liberate the property of the very wealthy whom dupped you into  buying a home that they knew you were gonna lose!—But here is the interesting part both of those phrases in teh Wall Street Journal go to shows, that The United States people ARE IN FACT WHAT PEOPLE AROUND THE WORLD HAVE ACCUARTELY LABELED THEM TO BE: STUPID, FAT, DUMB, LAZY, UGLY, WHOHAVE NO IDEA WHAT IS GOING ON THEIR OWN UNION LET ALONE THE WORLD–IF THEYE VEN AHVE CONCEPT OF THAT. Just a bunch of jack asses who have been & are continuing tobe brainwashed by religous ideologies of: American Expectionalism, Feminism, Neo-Liberal Capitalism, Zionism, Evangelical Christianity, Moral Relativism, & Post-Moderism. all the while They are biggest crack consumers int eh world & the bigest anti-depressant consumers in the world. So yes Max, you right Jefferson wodl roll over his grave if he saw how the republic he helped created has evolved. SORRY BUT I AM NO BELIEF IN THE US PUBLIC AND I WILL NEVER IN ANY BELIEF IN THE US PEOPLE UNTIL THE WHITE-CHRISTIAN-JEWISH POPULATION–WHOM STILL ARE 66% OF THE POPULATION WILL INFACT BECOME THE MINORITY!

  28. smallz says:

    All these Johnnie-come-lately “latte” revolutionaries trying to gauge a peasant-revolt by watching TV is sad.

    Don’t people know about Gill Scott Heron’s prophecy?

    If you find yourself looking for a revolution, your not broke enough.

  29. LA says:

    i am about as far from a revolutionary as they come, in the sense that i am more interested in working and keeping the eye on the ball. but i have watched this unfold and I AM AS MAD AS HELL. i am in full support of a REVOLUTION! i know there are people like me…and it is not just the revolt against banking cartels, banking oligarchs and the financial elite…but the bureaucratic elite, who are not listening. make no mistake there were and are a lot of people asleep at the extent of this financial crisis but people are awaking to the implications of the elite (those exercising discretionary power) using their power for their own interests and without regard to the effects of everyone else. people are slowly recognizing this. but i pray for the day there is a REAL UPRISING and a REAL REVOLUTION.

    talking about “survival of the fittest”: government has a limited role to help protect those who cannot protect themselves, maintain infrastructure and a modicum of defense…and support competition. it is not just the banking elite but also the bureaucratic elite complicit in this problem.

    don’t forget – if these politicians had not signed off and thereby derailing some critical deregulation and fed this financial banking monster, this crisis would be a correction and not the event it is today. the politicians should BURN.

  30. t says:

    While sane and healthy debate about this is one thing, I don’t get it.

    Millions of people in the States keep saying they’re pissed off about this. Millions of people in the U.K. say the same thing. If that’s true, then WHY aren’t millions marching in the streets and not backing down until change happens?:

    Because they’re lazy.

    Because compaining is a national sport in both places.

    Because bitching about this on chat shows and sites keep to keep chat show hosts and webmasters from becoming redundant.

    If you do march here, Obama still has the option of declaring martial law. He still hasn’t overturned all of the last guy’s Executive Orders and Patriot Act. I’ll resist the temptation to put in a Chicago politician cheap shot here.

    Instead, is it because they just can’t be bothered. All politicians are the same. So screw it and I’ll just stay home.

    What am I missing here?

  31. Mr Supergeek says:

    OK I found my glasses…

    May I recommend for anyone who hasn’t seen it an overlooked masterpiece of a film by John Sayles ‘Matewan. It deals with price fixing, labour movements, state brutality and betrayal. Some of the things I’m reminded of when I read comments here and other places.
    Maybe people are becoming lazy or expect very quick results from democracy; people seem all to ready to conclude democracy doesn’t work because they got dressed up, went on a big demo and nothing changed… Next thing you know people start whining, giving up on politics, or running to the hills paranoid the minute they don’t get there own way.
    A good education and the real time updates of tv and the internet can only inform and help us to a point. We have to look at some of the old campaigners like Tony Benn and learn some patience and perserverance. I noticed someone just left a comment ‘why do we let history repeat itself’… as I’ve posted before, we can’t always expect to win, we don’t always have hope but we do have to carry on. Righteousness comes at a cost. Democracy has only ever progressed due to brave people, struggling and sacrifricing, standing up for what is right ie suffragettes, unions, civil rights.  Democracy is young and still needs fighting for.  So remember that the next time you put on your combat trousers from Gap(or they might turn you in for being a fake).
    Sometimes this blog is becoming like a walk round the mind of some depressed hippies and their strung out cyber punk offspring. (apologies Adam Curtis for using one of his lines)

  32. fred says:

    Always informative.

  33. bzmoore says:

    @stacy The fluoride would have shrunk your balls.

    http://www.fluoride-journal.com/98-31-4/314-203.htm

     ;-\
    Your welcome

  34. bzmoore says:

    @LA @ Juman et al.

    As Mep? said before:

     “I think someone needs a hug”.

  35. Johnny Dangereaux says:

    Hello there from the Heartland…Chicago……
    LA has said it best.  But don’t kid yourself….most Americans work hard….when there’s work. Since we believe the FED and Easy Money created this mess and got everybody “drunk”,  shouldn’t we blame primarily the FED? The more research I do the more it becomes clearer that this ALL stems from contrived credit conditions. Any discussion of other subjects is a non-starter. Until we End the FED and slay the Beast that is the CFR/Bilderberg Nexus of Evil i.e. Geithner et. al.,…..” it don’t matter!”
    I’ll tell you what. The so-called stimulus is just going to make up for all the work that hasn’t been done due to Government graft and corruption. You have probably heard of the pot-hole problem with our streets. Well just the other day I saw a crew of SEVEN City workers “filling” pot-holes. One on the steam roller. One watching. Three guys throwing asphalt around haphazardly. AND TWO IN THE TRUCK.  Everyday I see another sewer cap fall thru the street. Our infrastructure is SHOT.  They’ll spend a ton of money to have 7 clowns to kind of fix things up but we’ll be right where we should’ve been before.  I don’t know when the tipping-point will be, if ever. Due to Government involvement in the economy I think we could just “muddle” for a long while. I actually hope They get so greedy they steal so much the people WILL finally get off there buts and take back the country.
    I hope you look more into the “Flu” situation. This is a “false flag” and a dry run to asses the system for when they release the real killer mutant virus. Gilead/Rummy etc. and the shenanagans at Fort Deitrick Maryland.  Well here’s the bottom line anyway. Look up the “good doctor and EXPOSE HIM. He is connected to the CFR.  GO FIGURE!
    I GOT THIS FROM HERE- http://www.sunshine-project.org/  (“PUBLICATIONS”  Tab)

    Lethal Virus from 1918 Genetically Reconstructed
    US Army scientists create “Spanish Flu” virus in laboratory – medical benefit questionable

    Despite the very dangerous nature of the 1918 virus, efforts to reconstruct it started in the mid 1990s, when Dr Jeffrey Taubenberger from the US Armed Forces Institute of Pathology in Washington DC succeeded in recovering and sequencing fragments of the viral RNA from preserved tissues of 1918 victims. In the current issue of the scientific journal Emerging Infectious Diseases new genetic details of the 1918 flu virus will be published.
    But after (partially) unravelling the genetic sequence of the virus, the scientists went a step further and began bringing the Spanish flu back to life. Unnoticed by the public, they succeeded in creating a live virus containing two 1918 genes that proved to be very lethal in animal experiments. This experiment is only one genetic step away from taking the 1918 demon entirely out of the bottle.
    A resuscitation of the Spanish flu is neither necessary nor warranted from a public health point of view. Allegedly, the recent experiments sought to test the efficacy of existing antiviral drugs on the 1918 construct. But there is little need for antiviral drugs against the 1918 strain if the 1918 strain had not been recreated in the first place “It simply does not make any scientific sense to create a new threat just to develop new countermeasures against it.” says Jan van Aken, biologist with the Sunshine Project, “Genetic characterization of influenza strains has important biomedical applications. But it is not justifiable to recreate this particularly dangerous eradicated strain that could wreak havoc if released, deliberately or accidentally.”
    Our Tax Dollars hard at work!

  36. Mep says:

    Stacy,

    You’re right. Indoctrination is a better way of putting it.  One of the euphemisms for such indoctrination in higher education is “professionalization.” 

    The funny thing about the pledge is that these days, I bet Republicans would ban it if the rabid right did their homework and learned that the pledge was written by an American socialist minister:

    http://www.oldtimeislands.org/pledge/pledge.htm

    and that the original pledge was written so that any citizen of any country could recite it:

    “I pledge allegiance to my Flag and the Republic for which it stands, one nation, indivisible, with liberty and justice for all.”

    Swish and spit is odd! (But fun to sing to the tune of Twist and Shout.)

    Johnny,

    It’s more likely that the swine flu is a Smithfield conspiracy than a Rummy conspiracy.  And not a conspiracy to spread illness and death, but a conspiracy to cover up their pollution in Mexico as well as the consequences of industrial farming.  What will be interesting to watch will be the extent to which governments and government agencies cover up for industrial farms. It came to my attention tonight that some in the media are already writing cover stories.

    Reuters wrote one, uncovered here:

    http://www.huffingtonpost.com/david-kirby/reuters-mangles-flu-story_b_194194.html

    in which the author tried to discredit the science that already has industrial farming pegged as being behind our more aggressive flu strains:

    http://www.huffingtonpost.com/johann-hari/our-hunger-for-cheap-meat_b_194165.html

  37. StephenLV says:

    Nice post Matt Stone!

    As to this issue of why Americans don’t revolt, one must understand the typical American is basically a MORON. Americans are spoiled, self-centered, rude and as dumb as rocks, not exaggerating.

    I see signs telling people to wash their hands and reminders not to leave their kids in automobiles for example.  Expecting these bottom-feeders to understand even what a FICO score is/means is really a stretch. These clowns are ignorant to covering their noses when sneezing, financial issues? come-on.

    The people who know anything in America are probably less than 3% of the population, if that. I am talking people who have investigated 911 honestly for example..or know what naked short selling is or mark-to-market accounting. They know LOST and who is still alive on “dancing with the stars”, beyond that?

    America is a direct reflection of a ton of people who could care frigging less about everything.

  38. Daniel Sauerborn says:

    I see Geithner sort of like Matt Damon’s character in the movie “the Departed”. He looks frightened and confused to me. I could see him saying “please don’t hurt me!” at any moment.

    I had to pledge allegiance to the Queen. Of England!

    Flouride lol. It was a turning point in my life. Honest! My mother was opposed to us swishing with it. I was in grade two and barely functioning in a life of hell. I politely said “No thank you” when it was brought around to me and the teacher put her hand on my shoulder and complimented my good manners as an example the other children should follow. That little bit of affection was the first I felt I’d experienced that wasn’t through the taint of an abuser. It fuelled a drive to do well in school that lasted about 4 years. Okay. Maybe it wasn’t the flouride.

  39. Mep says:

    @ Stephen,

    I can take most anti-American rhetoric, but I don’t see where your own comments make you any better than the American stereotypes that you condemn.  Further, to use the term “bottom-feeders” is beyond despicable.  It’s classist bullshit.  Do you understand that it’s more difficult now than ever for the poor to escape poverty? 

    Call us fat, lazy, arrogant, ignorant, whatever you want.  But don’t lower yourself by injecting classist language and in so doing, rant against poor people.

  40. TimmyG. says:

    You-will-do-as-you-are-told.

  41. King Baeksu says:

    Interesting and rather sad that Max’s HuffPo column only attracted two commenters.

    Max, you’re going to have to work in a few Palin or Britney references into the title if you want to actually be “relevant” to Arianna’s flock of sheeple.

  42. gb says:

    impossible to find max’s article on the huffpo site! wtf!

  43. Randy says:

    welcome to the new world disorder

  44. pg says:

    yes, alot of the people here are as dumb as a rock, eating chetos and watching american idol.  plenty of those twits here.   plenty of sheeple here too,  that believe the mainstream media, and  that our current administration is the cats ass and believe things are going great, spending us into oblivion.  as a matter of fact i had to throw a few dollar bills i got from the bank today in the drier for fear of staining my pants.  but there are others who, like me are really getting pissed as to whats going on.  so i believe something will happen.  pg

  45. felupe says:

    don’t fear socialislam, fear of feudalislam

  46. unfortunatly i think bets for European liveliness of the crowd is simply a lot of wrong bets, DISPITE so many labour forces, little is being done to my standards, one should see the utter daft and dried out life of flemish media… when you said americans and british were zombies, excuse me, i have been walking these streets in a constant disgust, and when i finally put my foot in their face, they actually drug me, GIVE ME INJECTIONS NOW against my WILL!! i have been fighting with psychiatrists and therapists ever since… i have been paying loads of money to some mexican to get an anarchist site online, with a community to make an inventory of all culture before nineteenfourty, that should have contracters to have more culture in building development, and to have a court and an army… nothing happens, i find people of no spirit everywhere…
    i suppose this thread has finished its actuality, but if anybody finds this… lets agree, and start fighting, after that we can talk some more.

  47. Yosh says:

    Stacy,

    Thinking about your comment about public schools as indoctrination centers. You know that there is all kinds of suppressed technology out there and we are taught that you would be a loony to believe otherwise. There are kinds of amazing consciousness/mind phenomenon which you can’t talk about having experienced, let alone teach it, or you will also be considered a loony.

    It’s really sad. Schools are just about dumbing us down to be mindless consumers.

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