Wall Street Meets George Orwell

Of course the stock market is flagrantly rigged and astonishingly inane reasons are given for why it keeps going up, irrespective of what’s happening in the real economy. My favorite inanity just now is what’s given as the reason it’s going up when pretty much everyone says the fed is going to raise rates starting next month.

Near zero rates is the reason the market has supposedly soared in recent years. Now, since rates are going up, expected higher rates is the reason given for why the market keeps soaring.

It has me thinking of George Orwell’s 1984. Here’s a quote from that book: “Oceania was at war with Eurasia and in alliance with Eastasia. In no public or private utterance was it ever admitted that the three powers had at any time been grouped along different lines. Actually, as Winston well knew, it was only four years since Oceania had been at war with Eastasia and in alliance with Eurasia. But that was merely a piece of furtive knowledge, which he happened to possess because his memory was not satisfactorily under control. Officially the change of partners had never happened. Oceania was at war with Eurasia: therefore Oceania had always been at war with Eurasia.”

Present stock market reasoning is Orwell 1984 reasoning. If expected higher rates are now the reason stocks soar, they must always have been expected to rise shortly.

If you don’t know that, it’s only because your memory has not yet been satisfactorily put under control. Best get with it. Believe and obey.

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Market Idiocy Gets Even More Idiotic

A few years back I wrote (and think it got picked up somewhere) a satirical piece about a giant comet about to hit earth. The market initially plunged on the news, but bounced back when analysts saw it as a buying opportunity, and ended the day up by a heap.

Yesterday’s news: Horror in France that’s a killer for tourism and other industries. The Japanese economy officially entered recession.  All sorts of other bad economic news here and around the world..

And the markets response to this news? Nikkei goes up. Europe stocks go up. Our Dow rose more than 230 points.

Central banks key their policies off market behavior. Pols set their countries’ overall economic policies based on this behavior. And market behavior is moving rapidly from the idiotic to the utterly insane.

Be afraid. Be very afraid.

I’m Running For President Of The United States

This announcement that I am running for president appeared in the May 12, 2015 Washington Times. It nicely describes my credentials and prospects.

Silverstein throws his hat into the ring
(No one else has claimed the lefty libertarian mantle)

By Michael Silverstein – – Tuesday, May 12, 2015

While nobody has actually asked me to run for president of the United States, I have begun to sense a yearning for me to do so emanating from the ranks of the still-uncommitted silent majority.

So after prayers, fasting, discussions with my family, and careful consideration of opinions offered by Sunday morning talking heads, I have decided to throw my hat into the ring as a Republican.

Am I qualified?

While it’s true that I’ve never performed brain surgery, run a computer company, and wasn’t born in Hope, Arkansas — qualifications listed by other recently declared candidates — I bring to the contest things these others lack.

I’m the only wannabe, for example, who has tried to live on Social Security and succeeded, at least to date. It’s the kind of real-world experience that will resonate strongly with a very large and endlessly ticked off voting bloc — crotchety old white men.

And that’s not all.

I’ve never actually held public office, which is a real plus in today’s world as my record can’t be either found or attacked. Still, I am the only presently announced candidate of either party who has been on a past presidential ticket — though not at the top of this ticket.

In 1992, I was privileged to be selected by the American Art Party as its vice-presidential standard bearer by virtue of my work as an anti-parking ticket crusader. The top of the ticket that year was occupied by a house cat named Colette Silverwood. (Boy, could that tabby work a room!). I’m proud to report that while this party’s spending on the campaign was no greater than the cost of a can of Sheba, we still got as many electoral votes as Ross Perot, who spent millions on his own run.

People talk a lot these days about the need for inclusiveness with candidates bragging incessantly about their sensitivity to the needs and desires of different ethnicities, genders and folks of differing sexual orientations. That’s nice. But if the public really wants a candidate with a proven big-tent background, I am someone who can boast of being politically linked to a running mate of a different species, which has to give me an edge.

Where do I stand on the big issues? Let’s just say they are evolving.

I still have yet to meet with Sheldon Adelson to construct a foreign policy, and with Charles Koch to come up with one that covers energy and the environment. Reaching out still further, I plan to bring in policy professionals from past Republican administrations to advise me about how to make the country’s economy better by further enriching the rich so they trickle down more largesse, and get their suggestions concerning where to start our next big war. I’m certain these experts have a lot of ideas on these matters.

This is not to say I won’t seek advice from real people as well. I intend to meet with these real Americans in primary state diners at 11 in the morning, the time and place real Americans gather for eggs, coffee and an occasional doughnut.

Many candidates avoid such encounters because they find it impossible to listen attentively to their whines, snivels and moans. That won’t be a problem for this candidate. I’m well stocked with Xanax and Valium, and for especially tiresome crowds, I may even have a few Quaaludes left over from my days as a Deadhead.

Now you’re probably wondering about my attitude toward accepting campaign contributions from special interest PACs. Will I do that?

You think a guy willing to take second place on a ticket topped by a house cat would feel bad about selling his soul to very rich people? Who am I to deny the right of these folks to buy influence, anyway?

So I’m in — win or lose — and if I don’t make it this time around, I have a back-up plan.

I might accept a generous book deal, join a conservative think tank as a visiting scholar or combine both with a speaking tour. As a former presidential candidate, I would also be in line to join some Fortune 500 boards, become a Fox regular, and maybe spew wisdom to young people at an Ivy League college for an hour once a week.

Or I could join the private sector by managing a hedge fund. Compensation here fell dramatically from 2013 to 2014, but the top 25 hedge fund managers still eke out a combined income of $11.67 billion or an acceptable $211,538 an hour.

A person could live pretty comfortably on that. There might even be enough left over to self-fund a future political campaign. Or if that seems like too much trouble, hire a substitute to front my agenda once I develop one.

• Michael Silverstein is a former senior editor with Bloomberg’s Markets magazine. His latest book, now available on Amazon, is Gorilla Warfare Against the Bureaucratic State (Confessions of a Lefty Libertarian).

Here’s the link to the story about Silverstein’s run that appeared in the Washington Times:

http://www.washingtontimes.com/news/2015/may/12/michael-silverstein-michael-silverstein-throws-his/#ixzz3a3H3tw91

Hillary Leans To The Left — Somewhat

Hillary Leans To The Left — Somewhat

Hillary’s sharing her liberal side,
Giving the left a good lather,
There are winks, a few hints, a suggestion or two,
A finely wrought serving of blather.

You kind of agree, though you’re not always sure,
‘Cause what’s said here is oft’ rather subtle,
So nuanced, in fact, it makes one suspect,
Down the road she might shape a rebuttal.

Does she lean to the left, to the middle, the right?
What’s the future plans of this contender?
No she needn’t agree on all issues with me,
Just tell me her real agenda.

My new book: Gorilla Warfare Against The Bureaucratic State (Confessions of a Lefty Libertarian).

Bernie Sanders For President Poem

Bernie Sanders For President

I had a dream the other night
About this country’s politics;
I dreamed that for too many years
We haven’t had no real picks.
(Bernie’s different from the pack,
Has some views that others lack.)

These days we hear a lot of news
‘Bout countries out to build the bomb;
But truth be told what worries me
The sinking ship I’m drifting on.
(Sure I’m sad bout Mid-East’s ills,
But sadder ‘bout my Visa bills.)

Our nation’s wealth just grows and grows.
A picture most inspi-er-ing;
But most new wealth, to old wealth flows,
I’m left in debt en-mi-er-ing.
(CEOs make out big time,
I squeeze by on overtime.)

One size fits all ain’t right by me,
No matter the vote lever;
And just as bad, a game that’s rigged
By K Street lobbies clever.
(Could sixties lefties long a’tooth,
See their ideas respawned forsooth?)

Michael Silverstein is a former Bloomberg News senior editor;
his latest book is Gorilla Warfare Against The Bureaucratic
State (Confessions of a Lefty Libertarian).

Earth Day Poems

This being Earth Day, here’s some verse for the occasion…

Headline: 2014 was the warmest year ever recorded on earth.

A Harried American’s Response To Global Warming
By Michael Silverstein

It’s winter,
I’m cold,
Maybe global warming’s oversold;
Anyway I’ve bigger cares,
My 401(k)’s oil shares.

You say I’ll soon be mourning?
The new earth that’s aborning?
That human kind is spawning?

I’m not scorning the warning,
Just too busy this morning.

Xxxxxxx

Energy Past And Future

Why do we raid the burial grounds
Of long dead creatures for coal?
For oil and methane from these old remains
Why is this our energy goal?

The sun and the wind, the motion of waves,
The heat ‘neath our feet underground;
Are there to be tapped, to be used, and enjoyed
Live energy sources abound.

We’ve gone from the horse for private transport,
Keep in touch in a host of new ways;
It’s time, truly time, for a better resort
Navigating the energy maze.

xxxxxxx

Canuting Renewable Energy

King Canute was a silly old coot
When his power he planned to be showing
With the help of his church he would stand on the beach
Tell the waters: “You gotta stop flowing.”

Fossil fuel kings and their money church pals
Now stand on the energy shore
To the sun and the wind and the heat of the earth
They proclaim: “We’ll permit just a bit but no more.”

Canute’s quirky play, to control ocean waves
Just reflected his times’ power thinking
Today (nothing new) fossil fuel’s power crew
Think their gaming can stop their own shrinking.

Xxxxxxx

The Global Warming Poem

Locked in human-centric thinking
The content of our daily plays
The Mid East, Ukraine, and the markets,
Our focus of dismays these days.

Icecaps melting freakish storms
Species fall offs, floods and droughts
Growing worries, yes, we’re worried
But how important…most still have doubts.

When soon the process reaches end game
Our fool behavior, its course has run
The global warming tipping point
Has come, we’ll look and know
We’re done.

xxxxxxx

Utilities’ Solar Angst

Utilities are frightened,
They’re starting to run scared.
Solar energy’s becoming
Competition to be feared.

Solar units on more buildings,
Working better, getting cheaper,
For utilities’ own future,
It’s a bottom line grim reaper.

In Washington ‘bout energy,
Hot air and mindless gropes,
While a solar revolution
Circumvents the DC dopes.

xxxxxxx

Global Warming — The Poem

The planet’s on slow boil,
Its temperatures are rising,
You’d think more folks would worry,
Most don’t — which is surprising.

Greenhouse gases are the cause,
Their main source is CO2,
Long trapped methane getting loose,
Adds to this climatic stew

Shrinking ice caps, freaky weather,
Fauna, flora, disappearing
Oceans on more lands intruding,
Wiser heads now feel despairing.

Can we somehow meet the challenge,
Check this global wide assault?
Or just deny the threat is real,
And if it is say: “Ain’t our fault.”

Mike Silverstein’s newest book is Gorilla Warfare Against The Bureaucratic State (Confessions of a Lefty Libertarian)

Endless Stock Market Madness

China’s economy is slowing. Greece is on the verge of default. Corporate profits in the U.S. are slack. The U.S. economy slowed in the last quarter. Interest rates are starting to creep up as the Fed hints it will allow this to proceed faster soon.

All the things that were used to justify past stock market increases are tapering off or turning south. But the stock markets of the world keep going up and up and up.

Why it’s almost as if they are rigged for the benefit of the relatively few who still play there big time. But that couldn’t be so.

Could it?

My new book: Gorilla Warfare Against The Bureaucratic State (Confessions of a Lefty Libertarian)

Why Hillary Shouldn’t Be The Democratic Party’s Standard Bearer

Hillary Clinton outlined her economic policies the other day. They were billed as helping working Americans, giving a boost to the middle class. And they would do that. Sort of.

When you look at her proposals concerning sick leave and minimum wages and equal pay and gender equality generally in the workplace, they look very, very familiar. That’s because some of them have been on the books in countries with advanced economies for more than a hundred years, and are even already on the books of many developing countries today.

On these shores they would indeed make economic life better for many people. Marginally. They would take the edge off some of the additional nastiness and pain so many Americans have experienced in recent years. But they are a palliative, not a fundamental improvement, when it comes to this country’s real economic woes.

That’s because we’ve had an economic coup in our economy. The top one-tenth of one percent have taken control of key economic levers. The result isn’t just that the very top have benefited while the middle has wallowed. Not just a failure of trickle down. The vast enrichment at the very top HAS TAKEN PLACE AT THE EXPENSE OF THE MIDDLE.

We’ve been robbed. A genuine counter-coup, not the equivalent of longer coffee breaks, is needed to redress things.

Hillary Clinton might get the middle class longer coffee breaks. But she’ll never be the leader of a needed economic counter coup. She’s the same old same old, same promises, same travails down the same old unhealthy economic trails.

Democratic voters were conned by our first black president. You want to be conned again by our first woman president? You want to make history again, or do you want to thrive again?

No to Hillary. Been there. Done that. Want better.

Michael Silverstein’s new book:
http://www.amazon.com/Gorilla-Warfare-Against-Bureaucratic-State/dp/0692386432/ref=sr_1_1?s=books&ie=UTF8&qid=1428422596&sr=1-1&keywords=Gorilla+Warfare+Against+The+Bureaucratic+State

Profundity Du Jour

Profundity Du Jour

Do things ever really change?

That question came to mind the other day when I happened to hear an old song by the Kingston Trio titled “Merry Minuet.” Written by Sheldon Harnick and recorded by the Kingston Trio in 1958, it was very popular that year. Here’s its opening lyric:

They’re rioting in Africa
They’re starving in Spain
There’s hurricanes in Florida and Texas needs rain.

So has anything really changed in the world since this lyric became so popular more than half a century back? Yes and no.

The world was then, was before then, and is now, full of man-made and natural disasters. So maybe you could say that nothing of consequence ever really changes accept for a few place names and different natural disasters. When you look at the magnitude of comparable events, though, it’s immediately clear that things have gotten very different indeed.

Rioting seems benign compared to the genocides and nutcake religious insanities being perpetrated in the Middle East and elsewhere. The starvation on view in refugee camps in so many places in the world today not only dwarfs hunger in 1958 Spain but worldwide hunger at any time since the end of WWII. As for hurricanes and droughts in Florida and Texas, look at what’s happening now climate change-wise from California to Calcutta.

So what’s really changed since the Merry Minuet appeared? Put it this way. Much more of the same old shit, greatly magnified.

My new book:
http://www.amazon.com/Gorilla-Warfare-Against-Bureaucratic-State/dp/0692386432/ref=sr_1_1?s=books&ie=UTF8&qid=1428422596&sr=1-1&keywords=Gorilla+Warfare+Against+The+Bureaucratic+State

Canuting Renewable Energy

Canuting Renewable Energy

King Canute was a silly old coot
When his power he planned to be showing,
With the help of his church he would stand on the beach
Tell the waters: “You gotta stop flowing.”

Fossil fuel kings, and their money church pals
Now stand on the energy shore,
To the sun and the wind and the heat of the earth
They proclaim: “We’ll permit just a bit but no more.”

Canute’s quirky play, to control ocean waves
Just reflected his times’ power thinking,
Today (nothing new) fossil fuel’s power crew
Think their gaming can stop their own shrinking.

Michael Silverstein’s newest book, Gorilla Warfare Against The Bureaucratic State — Confessions of a Lefty Libertarians, is now available from Amazon]
http://www.amazon.com/Gorilla-Warfare-Against-Bureaucratic-State/dp/0692386432/ref=sr_1_1?s=books&ie=UTF8&qid=1428422596&sr=1-1&keywords=Gorilla+Warfare+Against+The+Bureaucratic+State