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Tom



Last Updated: 7/7/2009

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Wednesday, June 03, 2009 

Current mood:  creative
Category: News and Politics
Hi there!,

Thanks for checking this out. If you're wondering where is Global Comedy the Blog? The blog that's read in over 50 countries. And is growing all the time?

We used to be here. But due to My Space censorship, it was time to move. Just go to:

http://globalcomedy.wordpress.com

No podcasts, T-shirts and other marketing stuff yet. But we're working on it :).

Also, tell you friends about us. If they check us out, then maybe they'll tell others too. Then, we'll have all of this cool stuff. More people will come. Then global peace, prosperity. And then, a Nobel Prize? In this wacky global economy, you never know :).

Stay employed,
Tom
4:01 AM 
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Thursday, March 05, 2009 

Current mood:  angry
Category: News and Politics
How bizarre can it get? Did you hear what the House Judiciary Committee said yesterday? They had a hearing to talk about setting up a "truth commission" to look at the war crimes that the neocons did. We all know what happened. Several of the key neocons involved publically admitted what they did.

But what are they doing? They're having a "truth commission". Why? It's an excuse for non-prosecution. The public is so pissed off with the economy, they don't need this extra stress. It's so upsetting and so boring to rehash all this stuff. Why bother? Who needs it?

It's mind-boggling that these people in power would even have the guts to publically talk about this. How many of these Power Elite Senators are attorneys? And these attorneys are saying with a straight face there's no evidence. Oh really? What stage of dementia are you in?

Innocent people have been tortured and have gone insane at Guantanemo. But what the hell do you care? The neocons wanted to do away with the First, Fourth and Fifth Amendments to the Constitution. Which means martial law.
But what do these Senators want to do? Let's have a "truth commission" to examine what happened. We won't prosecute anyone. But this will be a "national cleansing" that will make us feel collectively better.

And what's Obama doing about this? A constitutional attorney who can't use ignorance as an excuse. Nothing. And, he won't do anything.

Which means what? You can commit massive fraud. Predatory lending, torture, totally destroy the Constitution. And nobody gives a s**t.

What do we do now?
 
2:18 PM 
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Wednesday, March 04, 2009 

Current mood:  curious
Category: News and Politics
Prime Minister Gordon Brown met President Obama today. Instead of a full press conference, it was only a few questions. Does this mean that Obama really likes Blair more than Brown? Does this mean that Brown won't be invited to any of those lobbyist get togethers in D.C.? You be the judge.

Instead, what did the cover in these questions? Much of the usual general stuff:

The economy- It's a global economy. All of the countries in the world need to meet to come up with better global regulations.

In theory, that sounds nice. But much of the world is still pissed off at the States for causing this? The ratings agencies here didn't do their job. And now many people overseas will lose their homes because of this.

Obama kept talking about don't blame people. Let's just move on. Hang on a minute. What about the "accountability" you kept pushing during the campaign? If we did what these banks and others did, we'd be in jail now. But until you can get some political mileage out of it, your Attorney General won't touch these people? Will Madoff just pay a fine and walk away? It's only one of the BIGGEST Ponzi schemes in history. But that doesn't matter.

AIG has lost the most money in U.S. history. And we're STILL bailing them out. Why? The Treasury and Fed keep saying that there was no accountability, that AIG deliberately exploited the system for profit, and more. Yet DESPITE all that, we'll still give them money because it's the "right thing to do."

Afghanistan. We're constantly "evaluaitng" the situation.

Actually, the States have had a CIA base in Pakistan to attack the Taliban (including in Pakistan). The U.K.'s M5 has outsourced torture for many years. And now they're having to answer for it. However, the States say if you push for evidence of this we'll cut off your intelligence from us. The Afghanis don't want us there. And for those who were tortured? The CIA has admitted destroying almost 100 tapes of "interrogation sessions." And now Newsweek says that the neocons wanted to do away with the First Amendment. Which means that yes, they really wanted martial law. Does that bother anybody?

Apparently not the Democrats. Instead, why go thru all of that unpleasant stuff? Nobody wants to see that. It doesn't matter that Pelosi and some other key Congress people secretly went to Guantanemo and actually wanted detainees to be tortured even more. Then in public it was just as many lies as the neocons.
An important point. There is NO cutoff point in the Bailout. The Treasury will print all the money needed to fund it. Hyperinflation and devaluation of the dollar? Screw that. Who cares about that stuff?

Many bank stocks are practically worthless. The interest rate now is what, almost 0%? If it goes below zero, it's deflation. Again, who cares about boring economic stuff like that?

How many of the "expert economic pundits" still have bank accounts?

 
1:37 AM 
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Tuesday, March 03, 2009 

Current mood:  creative
Category: News and Politics
Did you survive the Big Market Drop? The Dow was down about 4.25%. And it's only Monday. AIG is getting even more billions (why?). And we both know that NOBODY will let anybody go bankrupt. Because that would mean that these politicians would lose those job and be on the unemployment line with their pissed off constituents. And there's nothing worse than that, right?

Instead of rehashing the same denials and conspiracy-theory-end-of-the-world rubbish, let's look at a pattern:

The government will print endless amounts of money to make the Bailout work. Maybe.

China and other countries are refusing to buy Treasury bonds. It doesn't matter what color and language you print them in. They don't want them.

Many mortgage holders in Eastern Europe are now stuck with mortgages that have doubled in expense. And the EU is reluctant to bail many of these countries out.

Depending on who you believe, global warming is getting worse. The oil supply is going down. And the water supply is going down because of the the global warming.

Is anybody making money out of all this? Many are going short (short term bet on how the market will turn out) and trying to accquire key companies in these areas.

What are the consequences? Even commodities are being affected. Jim Rogers continues to push dumping dollars and buying commodities. People will always need them (despite today's drop in many of them). Also, at least many overseas banks admit there's global inflation and are trying to stop it (versus the massive denial in the States).

Where do you invest? Do you still buy stocks or sell everything and only have cash? How many investors have high risk tolerance in this market? Very few. In addition, there are only so many ways to diversify. If the dollar is devalued (some think it already is), how do you protect yoursel?

Stuff to think about. Also, check out whereismybailout.weebly.com. It's really grown a lot and has cool stuff.
 
 
1:19 AM 
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Sunday, March 01, 2009 

Current mood:  contemplative
Category: News and Politics
Google key words like bailout, meltdown and see what happens. You'll get about 1 billion hits. Now, try "economic pundits." Maybe the number will be a little smaller.

But odds are what won't be small is the portfolio of these people. When the corporate (key word) MSM hires these people in various formats, what are some ground rules?

First, be as imformative as possible. Second, don't dis the sponsors. And third, even if you agree with someone, act like you're pissed off and don't. People eat that stuff up!

Now, what are some things they'll never tell you?:

As the feds print out more money, the value of said money goes down. Basic Economics 101. This in turn leads to hyperinflation and a chain reaction worldwide. Because it's a global economy.

Protectionism sounds great for politicans and might get you elected again. But in reality it only adds to the problem. When the Great Depression happened, protectionism plus bank failures combined to create the problem.
Unregulated capitalism doesn't work. Trick question. If it DOES work, then why are we in a global recession/depression?

As much as Obama's trying to do (to his credit), the underlying truth is that nobody knows what to do. Example: taking over a year to publically admit that we are in a recession. Example: Paulson saying give me billions or the world will end. As much as they say we're on the case, all the politicans care about is maintaining money and power. But you already knew that.

The Power Elite are pissed off because their free ride has come to an end. And now they might actually have to be accountable for it.

These "expert pundits" will never tell you everything that they know. Why? Because that would jeopordize their portfolios. So if the worst happens, how many of these people will be on the unemployment line?

Is it Monday yet?
 
 
11:56 PM 
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Sunday, March 01, 2009 

Current mood:  creative
Category: News and Politics
It's March 1st. And how's your part of the world?

FYI: Congress has decided to follow Obama's lead in networking on the Net. They actually have a You Tube channel (www.youtube.com/househub). Is it worth watching?

On the one hand, it's a way more public way to communicate (vs. calling, faxing and emailing where they can hang up or delete you). Will they continue to allow clip comments? Or will the censor those as well?

One tip about You Tube. If they catch you spamming (sending "unwanted" emails), you will be deleted and banned permenantly. Then again, what's "unwanted"? If a band sends you an emal about their new CD, should they be deleted from My Space? I know of an Obama supporter who was deleted for no valid reason that violated My Space's Terms of Use.

Be very careful....
5:42 PM 
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Friday, February 27, 2009 

Category: News and Politics
It must be the Global Bailout. Because here's what up:

From the UK Guardian: An embarrassing row broke out last night between City minister Lord Myners and Sir Fred Goodwin over the refusal by the former Royal Bank of Scotland chief executive to give up his £693,000 a year pension. Goodwin insisted that ministers had known about his £16m pension pot for months and accused Myners of threatening him with more bad publicity if he did not hand back some of the pension he was awarded when he left the loss-making bank last month.

RBS record losses raise prospect of 95% state ownership

Obama's budget projects estimated $1.75 tn deficit.

What about Rick Santelli at CNBC and his now Global Rant? Not that Santelli's ego isn't big enough as it is already. But what's his point? Everyone who was stupid enough to sign a mortgage that they knew they couldn't afford deserves to be screwed. And homeless if it comes to that. And now CNBC will spin this to the max for ratings/profit. Which they really need, now that GE's stock is down 10%.

I wonder what he'd do if CNBC fired him and he couldn't pay his mortgage? Does he deserve to be out on the street as well?

http://www.youtube.com/watch?v=bEZB4taSEoA
12:03 AM 
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Wednesday, February 25, 2009 

Current mood:  creative
Category: News and Politics
Obama made his big speech last night before Congress. A lot of it sounded nice. But now let's look at what's going on.

There's still no accountability. Pick an area:

Iraq and Afghanistan

The banks still doing whatever the hell they want with their bailout money. Unless they say no we don't want it. We want MORE bailout money.

No universal health care.

The same stupid bickering in Congress. Because they know they can get away with it.

Meanwhile various people in Congress (Pelosi, Kerry and Liebermann to name a few) are running around talking about U.S. policy. Since when do they speak for Obama?

There's STILL no value put on the bad mortgages that were repackaged around the world. When will that be done? And why isn't it being done? Because the banks are nervous about the true amount that they'll lose because of their greed and incompetence?

Pork barrel spending will come to an end. Obama has said that how many times? If that's true, then how come the earmarks continue?

Isn't it interesting that out of all the Wall Street people who insist on keeping big bonuses, NOT ONE has publically protested about it? They just can't be bothered to go out on the street and protest like the rest of us?

Should the banks go out of business? Should they be nationalized? If we have a business and we run it into the ground, we pay the consequences. But these people are more valuable to our national security than we are? Since when?

In more ways than one, money talks.
5:14 PM 
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Tuesday, February 24, 2009 

Category: News and Politics
The global meltdown keeps right on going. And here's a interesting development. A growing number of business people are using psychics to help them make business decisions. Naturally, these high profile types would never publically admit that they do this. But many psychics are doing a brisk business.

Let's try some predictions and see what happens:

For at least the next month, the activity on the Dow and the S&P will be practically non-existant. Keep in mind it's a mix of data and emotions.

The neocons will continue to stall every step that Obama does. No surprise there. Obama will counter with using his excellent Net marketing to get his point across. But he won't do anything to piss off his corporate backers who bankrolled his campaign.

Cuts worldwide will continue. One example: police forces all over the U.K. are being cut back.

The number of banks going out business (the ones that aren't owned by the Power Elite) will grow. Obama's Bailout Czar will have to fight the Wall Street types who will scream that they are OWED bonuses.

Will there be riots in the streets and the States will cease to exist? No.
Unemployment will hit at least 10%. Some people insist that the true number is already higher than that. But the government will never admit it.

Accountability will continue to be a dirty word. People will do whatever they want and bitch about the overall situation.

The States won't leave Iraq or Afghanistan this year.

More on the way.
 
5:27 PM 
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Monday, February 23, 2009 

Current mood:busy

Happy Monday. Let's see what's up in the world:


BIGGEST SWISS PARTY THREATENS TO REPATRIATE GOLD HELD IN UNITED STATES


Clinton pleads with China to continue buying US treasuries


US stopped paying for 'War on Terror' in May 2008


America's rich stop paying mortgages at record pace


RBS to be split into 'good bank' and a 'bad bank'


The "economic pundits" are always ranting on about what's possible economically. But here's what they're not telling you.


Being the smart politician that he is, Obama is careful to say his Bailout Disclaimer: there's no gurantee that this will work. Ok. So why are you rewarding banks with more bailout money to not forclose? And they're saying we want more! While they're also raising interest rates.


Predictably Hillary asks for China to keep buying. And China politely laughs in her face. In the U.K., Gordon Brown is fighting everywhere he goes the notion that his Bailout isn't a failure. Or that he should leave office. Then again, he wasn't elected. So would a change actually do anything?


FYI: One of the Big 3 car companies is letting people retire with a full pension after 30 years. On Bailout money. While others are losing their jobs and health coverage, somehow they're more vital to national security than we are?


The U.S. has a CIA base in Pakistan. We're "secretly" training their forces. Afghanistan is a quagmire and we need to get out now. But that won't happen. Is it because we're there to save them from the Taliban (we used to support them) and show them how cool "American democracy" is?


No. We're there to control the oil so the Russians and the Chinese don't get it. In Iraq, our forces shot many locals in the streets like dogs. Are we doing the same thing in Afghanistan?


Here's an irony. Obama keeps saying he wants input from all sides to make the best decisions. But the corporate MSM says screw that. You the public aren't smart and mature enough to handle global corporate politics and the ramifications of it (innocent people being killed and other really upsetting stuff like that). Instead, just shut up and watch American Idol. So Simon Cowell will be even bloody richer than he already is. I mean, just how many luxury villas does one person need?


Reality check: Corporate America is one of the biggest contributors to the Democrats. That being said, do you seriously think that Obama will actually do something really "radical" that will piss them off? Small donations alone did NOT help him to get elected.


Reality check #2: What's the answer to a lousy economy? Keep a war going. Or start a new one.


Class dismissed.



 


 


 

11:42 PM 
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Monday, February 23, 2009 

Current mood:  exhausted
Category: News and Politics
The Oscars are over. And what it all a big surprise? Kate Winslett won. "Slum Dog Millionaire" won. No suprise. Sean Penn got Oscar #2 for "Milk." Nice job there.

Who else is winning? Obama will announce his choice soon to be the Bailout Czar (nobody wanted to be the car czar). He's a former Secret Service guy who did investigations for the EPA.

Which means an interesting situation is developing. Remember how the first Bailout went? At this point, some banks are refusing to take bailout money. You'd think that they will stick it out and if they have to, go out of business. That's why it's called a free market, right?

But at this point, expect the unexpected. Today, no bailout. Next week, we need more billions! What's this Czar going to do to enforce accountability? Can he legally force banks to take bailout money? Which means maybe we should decide about how to change our economic system.

Many other countries have socialist democratic systems and do quite well. There's always that neocon element that says THEY'RE _______ SOCIALISTS! The correct response would be, yes. And what's your point? Many of these people have better health and are in general happier overall. (Please avoid the cheap shots about the French being rude and the Brits being constantly pissed, ok?).

Obviously, a free market capitalist system with no regulation doesn't work. Obama keeps talking about fairness and restoring confidence. Ok, what about reforming our economic system. What the hell good did Reagan style economics do? Nothing. The rich got richer and the poor got screwed. Now the various neocon think tanks Inside the Beltway will scream, bitch and throw out "throughly researched data" to support their delusion that life was wonderful under their patron Saint Ronnie. But the truth is it wasn't.

And now, literally what's the point of bothering with the corporate MSM? Close your eyes and change channels. Can you detect any difference at all? No, because there is none. When Jack Welch was chairman of GE, a former NBC News President got fired for telling the truth about the economy.

How will it be different now? For over a year, the government knew that we were in a recession. The rest of the freaking world knew it. But the corporate MSM got orders from above to NEVER EVER say the horrible R word.
Which means you can't rely on your investment person for everything. If you try to do reliable research, ever get the feeling that you know more than they do? The standard corporate press release response gets old after a while.

All the more reason to keep it here.
 
 
 
4:55 AM 
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Saturday, February 21, 2009 

Category: News and Politics
It's the weekend. And most of Congress is overseas doing "fact-finding tours." Israel is attacking Gaza and Lebanon. Obama never seems to be in the White House.

But the big question is, where's my damn stimulus/bailout/rebate check? A large part of this is tax cuts. Obama tried to appease the neocons. But they kept fighting him and finally he gave in to most of what they wanted.

If you've lost your job and are this close to being foreclosed on, what good will a $8,000 tax credit do for you? Your bank is raising the interest rates on your mortgage and won't re-negotiate the terms. Or, you're a low-income person (or family) who wants to buy a house. Yet we all know that there's still a double standard for buyers. For the "more stable" buyers (usually higher income, white, etc.), you get the first level mortgage deal. No variable rates for you.

For others, you get the second level mortgage. And, the last time I checked, a mortgage is a legal agreement? The buyer should be able to handle the payments. AND, the lender shouldn't do predatory lending (which includes jacking up the interest rates as their bank gets even more bailout money).

Which is why when predatory lending happens, it's a stupid double standard. The critics say, if you're stupid enough to take a deal like this you deserve to be screwed. But if any of them got the same deal they'd call their expensive attorney and be screaming bloody murder. So what's up with that?

It's an extension of the gap between the haves and the have nots. The haves are screaming goddamn socialism! Regulation will destroy the market! Oh, ok. So under your "logic" we just continue with the same crap? If you want a free market and you run your company into the ground, then you go out of business. And NO bailout money.

But that's not good enough for them. Obama wants to pay Bank of America $1,000 per mortgage deal that's not foreclosed on. But B of A says f**k that! We want MORE money! If Obama did let the banks go out of business, millions of people would riot in the streets. And then he'd declare martial law. And THEN where the hell would we be?

Keep it here for the stuff that the corporate MSM will NEVER tell you.
5:36 PM 
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Saturday, February 21, 2009 

Current mood:  curious
Category: News and Politics
How's this for a mix of headlines:

Antigua warns of 'catastrophe' to nation from Stanford faud

Bank bailouts in UK could send national debt soaring by £1.5 trillion

UAE bans private companies from firing or laying off Emirati employees

NY Attorney General subpoenas Bank of America over Merrill deal

Swiss bank shares tumble on UBS's deal with US tax authorities

US stopped paying for 'War on Terror' in May 2008

America's rich stop paying mortgages at record pace

No evidence that Madoff bought a single share or that broker/dealer unit was separate

BofA and Citi continue to plummet on fears of nationalization

Nationalization of Bank of America and Citibank tonight?

What are some common threads here? Still no accountability. Selective indictment and prosecution when it's politically advatageous.

Have YOU read the 1200 page Bailout? I heard about two parts. One is that single people will get a tax break/check of $8,000 to help buy a home. Also, if you pay your mortage of time the goverment will pay you $1,000. Per year, I'm not sure.

Assuming that these are true, how will this work when there's still no accountability? Bank of America is still jacking up interest rates on people who clearly need to re-negotiate their mortgages. The government will pay them $1,000 for each mortgage that they don't foreclose on. Yet, B of A and other banks won't take it.

Add to that Chris Dodd and other Democratic Power Elites saying, yes we need to nationalize the banks. Obama counters by saying, we just don't do that in America. And the credit markets continue to be frozen despite massive capital injections.

Did anybody who wrote the Bailout include a provision that says if a bank gets bailout capital they MUST start lending? No, because most of the banks arenn't doing it. It's only when their CEO's appear before Congress that suddenly everything is perfect. I'll take a $1 a year salary. (What I'm not telling you is that my prortfolio has me set for life. So this is really a totally meaningless cheap ploy to save our corporate asses).

What happens if one or more of the "expert MSM analysts" lose their job or their home? I wonder if they'll still scream that "bad judgement" isn't a crime?


 


 

1:56 AM 
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Thursday, February 19, 2009 

Current mood:  angry
Category: News and Politics
Here's a link to a New York Post story you should know about:
http://www.guardian.co.uk/world/new-york

In this cartoon two cops had to put down a chimpanzee that attacked someone. The captions says, I guess they'll have to find someone else to write the next stimulus bill.

This is the corporate MSM's dream come true for several reasons.

First, CNN and others have more than once been quoted as saying that "race" will be a goldmine for them. They have their various "experts" on to "debate" the merits of whether race really is a problem in the States. But think about who they have on.

First, Jesse Jackson. Then Al Sharpton. After that, various neocon people of color to try and make it look like it's balanced. But what's one common thread here? All of these people know that they can only go so far. After that, they're totally cut off.

And then the mostly white MSM news superstars ask things like, what's the big deal? I mean, Obama's President. That means that racism's over with, right? How long would these commentators of color last if they dared to tell the truth on the air? They'd be banned forever and would have to settle for occasional slots on Democracy Now or Tavis Smiley.

Next point. In severe recessions/depressions, what do many people sadly do? They lash out at others that they feel  are robbing them of what's rightfully theirs. Did you know that back in the 1930's, almost a million Mexicans (many U.S. citizens) were rounded up and deported? Why? Because many poor whites lashed out. They're all the same. So get rid of them. This is NEVER EVER talked about by the "best damn newsteam on _______".

And now, being this close to a depression (keep in mind, the government just didn't have the nerve to say "recession" for almost a year), who's to say this won't happen again? Rupert Murdoch owns the New York Post. Will anything happen to the cartoonist in question? They'll fight it to the very last minute. And THEN, when their profit is threatened, then and ONLY THEN will they act.
Until then, be prepared for totally pointless "in-depth news analysis" of this.
During the election, Obama had to put up with endless racist comments and take it. If he didn't, the Power Elite would be screaming, SEE, I TOLD YOU HE WAS A UPPITY F*****G N****R! And instead, we'd have a psycotic old dude instead.

I told you this was gonna happen.
 
1:18 AM 
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Wednesday, February 18, 2009 

Current mood:expose it all
Category: News and Politics
From the Times of London:
The CIA is secretly using an airbase in southern Pakistan to launch the Predator drones that observe and attack al-Qaeda and Taleban militants on the Pakistani side of the border with Afghanistan, a Times investigation has found.

The Pakistani and US governments have repeatedly denied that Washington is running military operations, covert or otherwise, on Pakistani territory — a hugely sensitive issue in the predominantly Muslim country.

The Pakistani Government has also repeatedly demanded that the US halt drone attacks on northern tribal areas that it says have caused hundreds of civilian casualties and fuelled anti-American sentiment.

Assume for a second that it's true. Why would we do it if the Pakistani AND Afghan governments aren't worth our time?

Because Afghanistan is another Vietnam. And it's not going to change because the locals DON'T want us there. But we will shove "American democracy" down their throats. Whether they like it or not.

Meanwhile Obama signed the Big Bailout today. Almost $1 trillion is being spent. In addition to the almost $1 trillion spent in Iraq (remember the war there?) and Afghanistan. Many neocons in Congress who are for torture (and some Democrats who secretly are too) are screaming to not send Guantanemo inmates to their states. Almost all of these people are innocent. We all know that the kangaroo "court system" there is a worldwide joke. And yet you're afraid to bring them here on Stateside soil. And on top of that, you still think tax cuts will solve everything.

Actually, they won't. When will he wake up and realize that bi-partisanship is a nice fantasy that gets you some nice soundbites. But that's it. It's never going to happen.

Now, this will mess up his talk about constant cooperation. But then again, where's his accountability? The SEC has indicted another person for massive fraud. But will this turn out to be another Madoff write-off because he's a "big name"? And we just don't mess with big names (know what I'm saying?).

The MSM will never tell you this stuff. But just like the rest of world knows this, we'll do our part too.
 
 
3:23 AM 
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