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Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

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  • #31
    Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

    Originally posted by jk View Post
    wouldn't it be in palantir's interest to be ratcheting up tension with russia? why go after bozos on this particular item?


    what is your theory of omidyar's motivations? what is the worldview he is propagating and why?
    Palantir's history is one of going after China. The Thiel/Omidyar combo backed Trump on this one. A big reason is philosophical. Russia is more amenable to oligarchs, is the only major country without a progressive tax system, and lets them run privatization experiments. The Omidyar Network most generally seeks to wrestle assets of any kind from state control and privatize them. That's their biggest MO. The Chinese state-owned-enterprises are the white whale for these guys. Meanwhile, they are working very hard to privatize the US education system, for example. But they operate all over the world. They want to expand property rights and make everything auction-able--from the highways to the oceans to the air and everything in between. Think of them as 'market-extremists.' Anti-democratic to the core. They want to shut down NSA spying so Palantir can do it instead. It's not the action they care about so much as whether it is public or private. And of course, they profit and get a piece of it every time they can take something private. Of course, this requires a massive information campagin. And they are working on six continents.

    Take a look at what they're doing with the International Land Coalition or any other number of organizations that are working to impose US-style (not even Commonwealth-style) land/mineral rights in other countries. Or look at how they use various media initiatives--like Omidyar's "good governance" group "Enough is Enough Nigeria," which spends most of its time and money trying to eliminate fuel subsidies and privatize everything under the auspices of increasing government transparency or something. Or watch how they are pushing for stricter IP laws and enforcement everywhere. Or watch how the Indian Institute for Human Settlements under the guise of easing poverty in a rural-urban transition spends all its time and money building land record systems, surveying, and establishing deed offices to re-create the US land-ownership system. It's easier to see this stuff in action in the developing world, but they're doing similar things here as well. A big other push they are making worldwide is for the elimination of cash and the total transition to electronic payment systems. Of course, they're heavily invested in all the major ones, so it's win-win.

    But, of course, a lot of these things they want are very good for billionaires and far off owners of the companies that benefit, but not so good for your average worker. So how do you sell someone an idea that's bad for them? Well, controlling information is a great way to start.

    do you really think bozos gets involved on such a granular detail? i would think that instead there's a wapo cultural value about suspicion of russian aggression. i wonder if people on the editorial staff have any idea of why they are pursuing that value quite so vigorously.
    Bezos' first order of business was to fire the WaPost's experienced publisher and replace her with Fred Ryan, Ronald Reagan's Chief of Staff. Then he fired Ezra Klein et all and brought in the Volkoh Conspiracy crew. He took a heavy-handed approach to controlling the editorial board from Day 1 and didn't even pretend to hide it. When the billionaire sole-owner boss tells the publisher, "Go after Russia," and he tells the Editor, "Go after Russia," they're going to go after Russia. Just like if he says, "Be more like Buzzfeed," they're going to be more like Buzzfeed.

    Can you imagine the pre-Bezos WaPost publishing a story like this? Or how about a story like this? What real editor of a real paper that did real journalism would print this type of click-bait trash? Or how about the WaPost blatantly printing articles that are just Amazon ads in disguise every day. Don't believe me? Here's one from today. And here's one from yesterday. And here's one from the day before yesterday...in fact, there's even a plug-in at GitHub to highlight all the conflicts of interest that come up in WaPost articles.

    If the editors are willing to stoop so low as to do that, you think they wouldn't follow other general orders from the boss?

    I'm not making this stuff up...

    Last edited by dcarrigg; January 05, 2017, 12:00 PM.

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    • #32
      Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

      Originally posted by DSpencer View Post
      So you only make responsible choices when Barack Obama forces you to?
      No, foregoing health insurance in the past wasn't a choice: it was simply unaffordable. It still is, but tax credits make it manageable (for now).

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      • #33
        Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

        Originally posted by dcarrigg View Post
        ...ask Omidyar what the hell Omidyar Network is doing that it is so heavily invested in Palantir. Why did he pretty much literally buy the wikimedia foundation and put his own guys on the board to control the information flow there?
        Lost me here... Don't see the connection between Palantir and Omidyar, other than Om's Ebay buying Thiel's Paypal well before Thiel went on to found Palantir. And it looks like Omidyar got one guy on the Wkimiedia Board after a $2m donation; hardly buying it. I'm inclined to prefer this sort of conspiratorial narrative, but maybe I'm just slow.
        Last edited by bpr; January 05, 2017, 08:58 PM.

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        • #34
          Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

          Originally posted by dcarrigg View Post
          And if you really think Greenwald and/or Omidyar give a rat's ass about civil liberties and Snowden and government spying and all that, ask Omidyar what the hell Omidyar Network is doing that it is so heavily invested in Palantir. Why did he pretty much literally buy the wikimedia foundation and put his own guys on the board to control the information flow there? Why do any of us allow a billionaire's personal multi-billion-dollar "not-for-profit" foundation to be so heavily involved in information warfare?
          The Forbes article doesn't shed much light on Omidyar or Greenwald. I have a hard time believing that Democracy Now is having the wool pulled over its eyes.

          https://www.democracynow.org/2017/1/...am_us_media_is

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          • #35
            Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

            +1 my friend.

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            • #36
              Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

              Well after 4, 5, 6 ... years after the GFC, I have learned that this system can stay irrational longer than I can stay solvent.
              I am not making any more bad guesses on the market. I have put up a lot of my savings into a permanent-portfolio portfolio. There is a big slug of gold in this (25%).

              One thing that I think is interesting is that in mid 2018 it will be about 7 years after the collapse of interest rates. Unless interest rates go a whole lot lower, the interest ponzi
              of rolling over old debt for new debt at a lower rate will come to an end. I pick 7 years because that is sort of the median term of debt in the U.S. July of 2011 is the last
              time 10 year treasuries were over 3%. Any debt incurred after this date had a much lower rate of interest and as of now cannot be rolled over for new debt at a lower rate.
              Of course if interest rates keep climbing, that day of interest moves closer in time.

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              • #37
                Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                I know shortly after the AFC that it was posited that the fed would clean up the mess in its vaults by reducing (or eliminating) its remittances to the US Treasury. Does anyone know if that happened? If so, is that likely to continue as the method of choice for the system to transfer rotting debt to the taxpayer balance sheet?

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                • #38
                  Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                  Originally posted by Thailandnotes View Post
                  The Forbes article doesn't shed much light on Omidyar or Greenwald. I have a hard time believing that Democracy Now is having the wool pulled over its eyes.

                  https://www.democracynow.org/2017/1/...am_us_media_is
                  I think it became clear to most people reading here that you could no longer put trust in news sources, but instead had to narrow your focus to individual journalists. Greenwald's description of what went on at the Guardian surrounding this article is a perfect example.

                  https://theintercept.com/2016/12/29/...pletely-false/

                  "If you really think Greenwald gives a rat's ass about civil liberties and Snowden and government spying..."

                  Sorry dcarrig, I regect this assertion which implies Greenwald has a secret agenda or is a pawn.

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                  • #39
                    Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                    Originally posted by Thailandnotes View Post
                    I think it became clear to most people reading here that you could no longer put trust in news sources, but instead had to narrow your focus to individual journalists. Greenwald's description of what went on at the Guardian surrounding this article is a perfect example.

                    https://theintercept.com/2016/12/29/...pletely-false/

                    "If you really think Greenwald gives a rat's ass about civil liberties and Snowden and government spying..."

                    Sorry dcarrig, I regect this assertion which implies Greenwald has a secret agenda or is a pawn.
                    what kind of evidence could be offered by either side in this discussion which would be dispositive? i suggest there is none.

                    we are free to believe either or neither and under certain definitions can even believe both. depending on which choice we make, we create a different "reality" in which to live.

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                    • #40
                      Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                      Originally posted by jk View Post
                      what kind of evidence could be offered by either side in this discussion which would be dispositive? i suggest there is none.

                      we are free to believe either or neither and under certain definitions can even believe both. depending on which choice we make, we create a different "reality" in which to live.
                      Brilliant!

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                      • #41
                        Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                        my favorite political cartoonist...

                        http://www.truthdig.com/cartoon/item...osion_20160511

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                        • #42
                          Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                          Interesting work on the USA stock market these days.

                          http://www.zerohedge.com/news/2017-0...-madoff-client

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                          • #43
                            Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                            Originally posted by anayder View Post
                            Shiny, I found this interesting about the dollar. Wilbur Ross (Trump's Commerce Secretary) on twitter said the following:


                            "We are being killed on trade, killed on exports and have a record national debt and trade deficit. Currency manipulation is semi responsible"

                            "Janet Yellen spent the last 4 years warning of the bad side effects of a strong dollar yet now Donald comes to power she becomes a hawk and threatens to raise rates 3 times next year. The dollar is at a 14 year high yet all of a sudden the strong dollar is of no concern to her."

                            "Currency manipulation, causing an overvalued dollar has led to a catastrophic trade deficit ......"

                            "Japan (kuroda), Europe (Draghi) and China will be on the administrations watch list for currency manipulation."
                            FYI, the account these tweets came from was suspended:
                            https://twitter.com/realwilburross

                            Here's Wilbur Ross' blue checkmark account:
                            https://twitter.com/WilburRoss

                            The suspended account is archived here:
                            http://archive.is/J8UVy

                            So... a rogue actor impersonating Ross? Ross disavowing an old account and thus avoiding fallout before confirmation? All the news is fake.

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                            • #44
                              Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                              Originally posted by bpr View Post
                              FYI, the account these tweets came from was suspended:
                              https://twitter.com/realwilburross

                              Here's Wilbur Ross' blue checkmark account:
                              https://twitter.com/WilburRoss

                              The suspended account is archived here:
                              http://archive.is/J8UVy

                              So... a rogue actor impersonating Ross? Ross disavowing an old account and thus avoiding fallout before confirmation? All the news is fake.
                              In a very real sense we need to look back to when the very best newspapers were solid respecters of the need for accuracy in reporting the news. My view is we have now arrived at that point where, any news organisation that sets out to set and retain those old standards; will become the news to go to and will be consequentially rewarded by readership. Some challenging investments ahead; those that can catch the tide going forward will become both the leaders in news as well as immensely profitable.

                              A new, potentially very strong market has opened; who will address it?

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                              • #45
                                Re: Happy New Year Everyone. Any Guesses On 2017 Markets And/Or Global Activities?

                                Originally posted by Chris Coles View Post
                                In a very real sense we need to look back to when the very best newspapers were solid respecters of the need for accuracy in reporting the news. My view is we have now arrived at that point where, any news organisation that sets out to set and retain those old standards; will become the news to go to and will be consequentially rewarded by readership.
                                Sadly, I disagree. It seems like most people nowdays seek only bias confirmation, not accurate, impartial facts.

                                Be kinder than necessary because everyone you meet is fighting some kind of battle.

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