On Rebsamen's Translation of Beowulf

Beowulf is the first great poem of Old English written between the 6th and the first third of the 9th century. Rebsamen created a new translation of the classic heroic saga of the Geat (pronounced Gate?) hero Beowulf (pronounced Baywolf) and his battles with three monsters-Grendel, Grendel’s mother and The Dragon). This version published in 2004 restores a better poetic sense to the ancient literature.

Beowulf the epic story brings a sense of history with it. We read of his mano y mano swimming in the ocean contest with a peer through seven days of wintry waves wearing nothing besides a sword with which Beowulf final battles seven sea sprites before being tossed onto the beach. One learns something of the sociology and culture of the day, and of the job of the coast guard.

Beowulf deliver’s the Danish King Hrothgar’s fine beer hall from the power of Grendel-a predatory monster eating the Danish thane/warriors partying there nightly.

The introduction to this translation of Beowulf presents an excellent summary of the history of Anglo-Saxon England from the 5th century until the Viking invasions after about 930 C.E. The district of Kent was converted to Christianity in 597, and the poem has numerous references to God. The first Church in Sweden at Uppsala wasn’t constructed until 1000 a.d. Maybe the invasion of England returned something of the word of Christ to those previously pagan people regarded in antipathetically by Dane, North Germans and Angles of the era.

One finds an example of the relationship of the illiterate warrior class to God as the omnipotent power controlling the allotment of reality. I would think that the Moslem development of a warrior relationship to God was somewhat similar in Muhammad’s 6th century Arabia though tempered by more Judaic scriptural references. In Old English there were more than sixty different name-references to God.

Rebsamen mentions that more than 30,000 lines of Old English poetry remains. The era of Angles, Jutes and Saxons migrating to England brought the North Germanic form of poetry along. The hymn of Caedmon was one of the first to bring Christian ideas to North Germanic verse structure in Anglo-Saxon England at this time. Another early poem- The Poem of Holy Rood was carved in runic on a large, elegant stone cross at Dumfriesshire Scotland in the 8th century. Beowulf was composes sometime in this era as well by an unknown court poet before the Viking invasions.

Reading this poem aloud in this translation brings it to a story normal expression without the stumbling along verbal cadences of inexpertly trying to read Old English. Beowulf is a no-brag just fact destroyer of monsters-even those descended from Cain such as Grendel-who journeys over the whale-paths through the wave-rolls of the sea and time to meet destiny from the wyrd. This book is worth shelving for its intrinsic value as well as the fact that it was the first epic poem of this scale written since the fall of Rome.

The U.S. Military as an Agent of Ecological Adversity Ecological Adversity

The Pentagon has reports on everything, yet it has been one of the larger factors of ecospheric detriment over the decades from radiation dispersion, nuclear weapons, chemical weapons, defoliation, agent orange, egregious gasoline and flight fuel use, deisel gas pollution etc.

The disruptive effect on the Iraqi ecospheric portion for instance, has been devastatingly polluting. Good post 2003 war planning could have defeated the protracted chaos, conflict and civil war that followed with U.S. troops leaving only later this year. Vietnam also experienced ecospheric devastation. In some regards the U.S. military approach toward the ecosphere has been comparable to that of the communist party of the Soviet Union and that of Vietnam on its Mekong River drainage downgrade.

U.S. diplomacy fails to direct commerical interests and synergetic defense and economic planning domestically and internationally toward coordinated and ecospherically beneficient outcomes. The 1990 Gulf War stimulated Saddam Hussein to set his oil wells taken from kuwait on fire polluting the air. U.S. policy that will deploy the military must be competent to comprehend the green axial dimensions and not just the coaxial box of bullets.

The United States occassionally talks tall on environmentalism yet most of its commercial leadership seems to be plain stupid or indifferent. I think chimpanzees could drive SUVs if taught-that can't be the final state of human progress and the human way of life needs to become ecospherically benign or even friendly. The military pace of ecosphere recovery would make all of America prisoners of war doomed for unfair execution by some ecomaniac in charge of the forces for global warming.

A Brit with the name of Lord Rees wrote a book anmed 'Our Final Century'. I guess he is less optomistic thatn the late Jacque Cousteau who gave humankind 200 years to live before the dummies paving things everywhere fry the plant life into desert condition.

http://www.youtube.com/watch?v=3qF26MbYgOA Lord Rees' Talk on 'Our Final Century'

As a politically correct federal entity the U.S. military must try to appeare to support rational policy, yet the socialization the military gives to its recruits and even officers does not create an ecospheric ethic at all.

The military may 'call' for action on ecospheric recovery yet it's inertia does little to support an ecospheric recovery in practice. the military industrial complex is led by CEOs and generals, Admirals and bureaucrats that are perhaps the driving force in a non-rational human relationship to ecospheric recovery integrated with business in the United States.

One might believe that a chimpanzee can drive an SUV to a simple job and back, pave the world with asphalt and find the meaning of life at Wal-mart, yet the ecosphere is in decay and very few employees of the military industrial complex seem to have a clue from the lack of public advocacy, of how to transition to an ecospherically recovering, sustainable eco-business synthesis.

Moamar Khaddafi Terminated in Libya-Foreign Policy Challenges for Next President

With the death of Moamar Khaddafi the United States will have a few new foreign policy challenges in the future years. president Obama's policy to remove the former dictator in Libya and the President of Egypt, along with his advocacy for the removal of Syrian President Assad has brought an element of uncertainty regarding the redistribution of weapons, explosives and political loyalties in the middle east and North Africa. The next President of the United States should adopt a policy less of spend and dump weapons to new strong men and not over-anticipate development of new social reality in those nations.

Certainly the dynamics for support of new terrorist organizations exists in the neo-democratic chaotic interregnum of secret police force in Libya and the development of new power centers in Egypt also presents the prospect for alliances perhaps seeking to advance an agenda against western secularis in its morally decadent phase.

The arguements about the reality of moral norms in a western civilization experiencing population decline and rise of non-theistic amoral secularism might readily be transcended by fundamental Moslems agitating for population power expansion over their own and foreign nations. I suppose neither globalists of the jihaddist or corporatist ethos have concern about the ecospheric decay of the Earth.

President Obama cannot substitute foreign corpses of dictators for a good domestic ecospheric and economic policy; his new jobs program is mostly a way to fund local governments and government projects with borrowed money from China that will cost twice the price to repay-a tax on the next generation to pay for government today.

The Industrial Gnostic Excuse for Global Warming

A new excuse for global warming has been broadcast by some contemporary radio political-religious evangelists that finds a theological premise that acquits mankind from causing or increasing global warming; only God can create the sun and warm or change the atmosphere. That false alternative argument dangerously chops logic short. I believe God created things within His will yet uncertainty and contingent freedom of motion and choice exist such that industrial gnosticism cannot aquit excuse mankind from being a willfull sinner or agent causing global warming.

That erroneous notion is a product of an hierarchical priesthood that has too close of a political and economic relationship with a certain military-industrial oil complex. If a more egalitarian priesthood of believers derived from the venerable friends efforts of the 19th century were popular and upgraded to modern networking liturgucal and Christian welfare status replaced the put ourselves first above the laity approach these sorts of conflicts of interest would be less likely to develop.

As a Christian it is useful to take a stand for clarification of a contemporary maladroit excuse used by some hierarchical ministries in opposition to global warming. Global warming is opposed by some on a vaguely gnostic basis such that mankind can not effect the environment or the atmosphere but only God can. The same reasoning might be equally well applied to inebriation as an excuse for drunk driving; God created mankind therefore drunkeness is natural and man can not be at fault for getting tanked. The Bible of course relates that drunkards will not inherit the kingdom of heaven.

premise one; God created the Universe

premise two; God created mankind and all is predetermined

Conclusion; Mankind can do no wrong

Plainly the reasoning is faulty. global warming is not a crank scientific hypotheis but a measurement of temperature, temperature history of course, yet also a measurement of the amount of carbon dioxide in the world created by mankind, the ability of the ecosphere to process carbon dioxide and the effect of carbon dioxide on increasing atmosoheric temperature.

Exploitation of a gnostic heresy formerly applied to excuse sin to excuse corrupting the atmosphere and world ecosystems with excess carbon dioxide that will make the oceans more acidic and increase atmospheric temperature is a disingenuous attempt by those in oil producing and polluting industrial relationships to curry favor from there wealthy patrons.

Mankind is responsible for his/her ecosphere of the Earth. mankind can change the environment from logging forests, using cobalt bombs to annihilate the atmosphere or just nuclear bombs to create global winter or simply melt the Antarctic ice cap along with Greenland's to raise the level of the ocean. Fossil fuel burning automobiles and lots of heat absorbing asphalt can accomplish about the same things-though not instantly end the existence of the atmosphere.

God has created the universe and universe of universes and given mankind the ability to alter elements of its composition substantially. Denial of the responsibility of mankind to regulate the world's atmospheric temperature so far as possible and not to destroy what God has abundantly provided for human existence and health is the most rank sort of misguidance industrial gnosticism can dump on the people of the U.S.A. and even the world.

The Jobless Job Stimulus Plan of President Obama

President Obama has developed a plan to create jobs for government workers without explaining how that creates sustainable jobs in the private sector. The plan for a job bill of about half a trillion dollars borrowed from China seems designed just to pay for local government salaries along with some special contractors. There is nothing sustainable in that sort of borrow money from China to pay for local government.
A right thinking jobs stimulus would provide grant money to small business start ups evaluated as probably viable by qualified people. New private sector jobs need to be created outside government that would hire additional people and have a chance of lasting for years with new economic production.

Producing new material goods in the United States is one way to create sustainable new hires. An example might be...

A guy in Wasilla or Wrangell Alaska wants to make trimaran sailboats in a new wood chip and glue process to make a vessel faster, lighter and cheaper than with fiberglass-the cost of that material is high today. The innovator even imagines building ultra-light aircraft from the new lightweight woodchip and glue material. He can get the wood chips, the glue and can make the molds yet he needs 200,000 dollars to jump start the process. -This particular example is a fiction that I invented for illustrative purposes.

Borrowing money from China to add to the national debt to pay for local government projects is not an intelligent way to stimulate job creation. In fact it may be necessary to develop posse' to replace lost police funding, and to outsource public education to private schools. Plainly modern technology should be used to enhance education and self-education/independent study projects from students to compensate for inadequate human teachers when needed. There might be a better way to use wireless internet opportunity for education that would reinforce public education delivery that would surpass localization that developed in the days of the Little School House on the Prairie that then grew into the Big Urban Prison School in the Ghetto.

There might be a role for funding local government new business projects though if developed creatively. An example would be the West Texas draught and dry farming phenomenology that suggests creating a solar powered desalinization and steam power generation infrastructure perhaps from Sergeant Texas water intake-processing facility to Lubbock. Fresnel lenses and fields of mirrors used to heat up Gulf of Mexico saltwater to create vapor for condensation capture then steam for pumping the water uphill 2500 feet to Lubbock from whence it might flow downhill to San Angelo irrigating cotton fields on the way could create more employment in the farming, solar and wind power sectors as well as others. Realistic economic stimulus needs to create sustainable development.

West Texas farmers should be required to allow green wild spaces between farms instead of ploughing the entire countryside so it’s nothing besides cultivated dirt awaiting wind and rain. Wildlife needs some boundary margins to exist within after all.

Anthropic Synthetic Chancres Drive Whales Over the Edge

Government propagandists seldom come out of the closet to disclose themselves as Satan’s evil minions. Politicians of doom dump a number of organizational incursions into private realms, make the public realm their own resource nugget and advocate interests corrupting a citizen’s quiet enjoyment of life and pursuit of happiness. Liberal use of force is the road more travelled by a surfeit of advancing agencies of evil.

So three Orca whales perished recently swimming in the fresh water of the Nushagak River and why one might ask, did they venture beyond the salt water safety of Bristol Bay. In the dangers of shallow water, seasonal river freezing and skin disease not to mention bear attack two adult whales-one pregnant late term and a juvenile whale swam to their deaths from unknown cause-perhaps stress or some unknown virus.

Orcas have been forced by human action out of their traditional homes all along the west coast of the U.S.A. In Alaska the issue of developing a vast copper mine in the salmon stream headwaters of Bristol Bay is a contemporary political issue-one might like to think the whales were a Buddhist monk-like suicide protest of the mine development.

Orca whales have experienced population decline and habitat changes as new chancres of industrial development trashing their habitat. Orcas’ main food sources-larger whales, fish and pinnipeds have all declined in numbers from human over-predation. The Orcas have scraped the bottom of the barrel for food amidst a century of engine noise assaulting their sensitive sonar acoustic hearing, oil spills, toxic waste dumping, mining affluence and human direct assault for sadistic pleasure. Swimming upriver to protest Bristol Bay becoming another Puget Sound practically dead to whales was perhaps a worthwhile gesture considering the futility the Orca species has in hoping to exist as healthy free beings into future generations.

The people of the Untied States also experience the savage logical, progressive annihilation of their own ecospheric habitat as a consequence of unreformed capitalism’s domination of politics and ecosphere destruction. Herman Cain’s relationships with the AFP; a billionaire founded agitation group for tax cuts for the rich and deregulation of ecospheric defense-is exemplary of the war on the ecosphere today littering political thought.

Federalism precludes any state border control or limitation to population control by state officials. An acceptable policy when unity promoted economic strength instead of economic and political weakness.

If S.E. Alaska became an independent state rid of the oppression of Anchorage, the Alaska Public Radio syndicate and habitat destroying road builders it could sustain a small population in a healthy ecosystem like a small nation-yet federalism would make immigration control impossible so the effort to become the 51st state would be worthless. Population would flood in as it became prosperous, ruin the ecosphere and then move away when it became a wreck.

All of the 50 states ecospheres are doomed by federal power preventing state border and immigration control. Liberal interstate commerce and migration deregulations were fine in a frontier era when everyone had their head up their ass on environmental science. Today such policies are promoted by rich agents of retardation and of ecospheric destruction and their entourages.

The policy of force overcomes that of defense of human ecospheric security.

The Beastly Mark of Herman Cain’s Tax Plan

Republican Presidential candidate Herman Cain has an inverted 6’s tax plan-the 999 plan. That makes me wonder if the Biblical mark of Cain is a forerunner of the Biblical mark of the beast-999.

In this third millennium C.E. the U.S.A. has had a rich selection of presidential leadership that a citizen might consider Satanic.

President Obama has probably considered making Elton Johns’ ‘Crocodile Rock’ the new Army fight song to go with his homosexual military policy seemingly designed to corrupt youth.

That policy is probably a special economic swamp requiring off base housing for homos that would need to be equal to that of hetero married couples to prevent discrimination suits

. Probably President Obama and Admiral Mullins will want to have military schools get new textbooks that teach why its o.k. to buy ruby red lipstick for presents to male non-commissioned officers.

The new U.S. gay is o.k. policy for the military’ must make Satan happy. A new President should work to overturn the corruption of youth policy as a priority along with deleting abortion.

Herman Cain’s tax plan to war upon the poor is heinous class warfare that must also bring a warm glow to the evil transcendent macro-Devil of the pit who is boss of many of the rich-if not all.

With anything less than a 70% income tax on the rich wealth becomes too concentrated and a de facto royalty forms. Americans move toward becoming a golomite evil empire much like the Mexico of the Hapsburg era. The rich own everything going away and the majority becomes servo-unit happy faces with no insides politically.

Intellectuals not in the top five percent families become unable to own or invent things for profit of themselves. The cost of entry level production chips becomes far too high for new inventions and the rich own all the materials for production. Production components are located in China and if one needs to use 20 or 30 different materials to fabricate a new product the import costs are too high for the formerly independent nation-except for the rich that are investors in China. Warren Buffet for example is a billionaire investor in a Chinese electric car manufacture. Paradoxically Buffet has supported realistically higher taxes on the rich as an exception to the war on the poor policy of Herman Cain.

Herman Cain has been influenced by two billionaire brothers-the Koch Brothers (David and Charles) who founded a tax cut agitation organization inappropriately named the AFP-Americans for Prosperity. It should have been named BFAP-Billionaires for Absolute Power. Mr. Cain’s campaign manager worked for AFP.

While the repressive upper class makes owning a hut an impossibility, and as illegal immigrant workers stream in to take jobs for decades, Wal-Mart becomes full of cloned class shoppers buying things made in China because nothing is made in the U.S. except for Hollywood porn, sports videos, Toyotas and oil drilling rigs.

The 9% income tax on the rich would be an effective way to let Satan rule America more directly, and so it isn’t surprising that Herman Cain’s plan is popular with the extreme right, homosexuals and dominitrices seeking to cozy up the corporate world. President Obama has already extended tax cuts for the rich for the remainder of his term as servant to the rich and homosexual.

Herman Cain having already taken the job maybe no white person would do (polemical Hispanics say that of all the jobs the poor would have if there were no illegal aliens in the U.S.A. and supply and demand was allowed to work for the labor side too—and that is not the reason the Iranian effort to blow up the Saudi Ambassador in Washington D.C. was offered to a Mexican Zeta perhaps) as CEO of Godfather’s Pizza because of its obvious nod to organized crime has advanced an absurd tax plan that would dump huge sales tax increases on the poor and cut taxes on the rich instead of raising them to 70%. That sort of class war is bold and perhaps dirty enough that no white person would take the job of making such cruel and unfair policy proposition besides when Steve Forbes made a 10% flat tax plan.

Maybe the inverted 6’s tax plan is Herman Cain’s idea of making a bold offer the public can’t refuse-yet they should just shoot first and pull the ballot punch trigger on any other candidate besides Herman Cain in the primaries ahead in order to fight for the side of truth, the poor and Mitt Romney. To just say no to corrupt tax decreases on the rich is still a good idea to keep the Republic viable-a 70% tax rate on the rich was good enough for Ike.

President Obama as the first black clansman-in-chief hasn’t suggested that Mexico become a Swedish style socialist nation in order to integrate its corruptible-by-narco-traffickers police force into an equitable national income distribution egalitarian culture, yet perhaps he would if not a servo-unit for the new imperialism swollen into sun-king status after the end of the cold war and increasing tax cuts.

Rich politicians that prefer a Mugabe style democracy for Mexico and the United States with wealth and power extremely concentrated have their new man in Herman Cain to carry their bullhorn. Only Rick Perry offers a more pathetic potential for concentrating wealth, foreign wars and a decaying nationalism and local ecosphere than the Obama-Cain team pulling the tax cut sled of goodies for wealthy global supremacists.

About Virtually Minting Money into 2008 Wall Street Flop

I occasionally review reading classical and symbolic logic. So I tend to now and then. An account in a bank may be several things. To count anything is of course arithmetic in action. So an 'a count' refers to the content of the account. When banks got into the broader trading business virtually becoming trading houses they were able to leverage the effective creation of 'virtual money' to far higher ratios than traditional limits on loans to assets (on account deposits in the bank). Banks got into trouble when they did so and of course the public had to bail them out when their bad investments flopped.

As may be said, the 'current mess' of the 2008 Wall Street and Banking flop developed while paper dollars existed. Yet paper dollars are little used in financial transactions on Wall Street as you must know. Those billions being tossed about are done with electronic, virtual money. C.D.O.'s or collateralized debt obligations, short selling and arbitrage may be done, so far as I am aware, without any actual cash transfer.

One of the problems is that much theoretical dollar debt and dollar assets were created without any corresponding actual cash to back that up. there may even be some kind of odd inflationary effect actualized by the disparity between the virtual creation of 'electronic money' without correspondence to paper money if there is a demand for real cash as if it were a run o0n the bank.

I would guess that some people could mint their own money electronically as debt so long as any credible institutions were willing to accept the electronic representation of dollars as valuable approximately in ratio to the claim of value even if it is not so,. With the technical skill of the 11 dimensional quants it may be possible to do electronic money laundering turning fictious dollars into real ones albeit with the generation of a little inflation that in turn might be hidden or passed on.

Without some correspondence between some real and finite commodity such as difficult to counterfeit dollars there is a practical chance that electronic minting of dollars can be accomplished through the ordinary Wall Street and Banking instruments such as over-priced housing; one might want to intentionally restrict demand to drive up prices temporarily and cash out the virtual money at that point allowing the deflation of the corresponding object of money value to be passed on to those holding the debt obligations.

Things of that sort probably occurred in the run up to the 2008 banking crash-fortunately the people that fixed the problem were also part of the problem prevalently, so they will be untroubled that the entire structure will fail or too small to put over again. Gresham's Law of bad money following good also draws many people into the pyramid schemes that beset society over the centuries of civilization. As it is in the energy market so it is in politics and television programming-the leading edge players tend to profit most.

I am not terribly optimistic that either American major political party will be up to the challenge of revising capitalism such that it would reflect real world modern conditions. Anything can occur in theory however improbable so one may always hope for a miracle of common sense political reform.

It seems to me that both major U.S. parties support globalization from differnet angles as a way to concentrate wealth in elites and draw in the largest global market for consumers while also drawing in cheaper global labor. The founders of the U.S.A. were an elite with good intelligence able to design a new system of government without being crushed by the establishment of the day. Today that sort of needed radical reform is virtually impossible and the best political theories common in politics are fairly dumb and anachronistic.

U.S. conservativism is exceedingly liberal economically so far as to make capitalism a tool for the creation of a new de facto global royalty of wealth. The interests of the majority of American citizens just don't mean anything to either party. Instead the homosexual crowd and some traditional internal proletariats have been recruited into becoming economic shock workers along with the external proletariats to make u.S. workers politically loyal and entirely amoral drone consumer-followers of corporatism.

The two 2012 party presidential candidates may each be black Americans providing an example of the Toynbean transition of the former internal proletariat to a power majority status as the previously dominant class falls into decay. The Toynbean transition of western capitalism into a global or universal state seems to be taking a moral syncretism shored up with ample amoral medical research supports from wealthy biological developers. A global wealth class lording it over a planetary proletariat of idiot-workers within a declining planetary ecosphere seems to be the way things are developing.

One might speculate that at some point the proletariat would revolt against the elites as their stagnant class represses individual capitalism and invention by independent yet poor and intelligent souls, however with maybe 9 billion people and an overused world resource base probably the collapse of the existing political order will create global anarchy and chaos, while the continuity of the concentrated wealth governing will produce a similar variety of decay.

There are of course alternate courses of development that could perhaps have better prospects for simultaneous social justicity, individual prosperity of the greatest number, a recovery of ecospheric health and so forth through limiting capitalism and corproations to smaller levels of concentrated wealth and power and so forth yet politically reform is as I wrote above, improbable.

On Abraham and Ancient Sumer

Recently I read 'Abraham; The First Biography' by Rosenberg. Rosenberg is the author of the J book. That book is on the idea that the book of Genesis was put together largely by the J writer at the court of Rehoboam or Solomon.

Briefly, Rosenberg relates that Abraham was a scribe at Sumer and his father was a maker of mud statues for the court theater of the universe atop Ziggurats. The J author is believed to have taken much of the stories from ancient Sumer that were still extant such as the tale of Gilgamesh and added them to the beginning of the account of the times of Abraham. The E writer brought in Elohim as a concept of redacting Genesis at a court of Samaria.

Literal interpretation of the Bible is an easy way to misunderstand yet recapitulate things saving on much learning. The same method is used in economics and politics especially during Presidential campaign season.

Sumer as an ancient civilization beginning about 5000 B.C.E. is fascinating to read about even as Rosenberg attempts to reconstruct the ancient city structure and the philosophical role of various religious beliefs. It was all an excellent precursor for the appearance of Jesus Christ as God yet man on Earth. Yes, I still think He is the Messiah even though the ancient Biblical history is possibly not just as one naively might believe it to be.

Wall Street’s Design of Mortgage/Banking Bust of 2008 As a Campaign Issue

Talking about government and business economic management is a little like talking about a coach and his basketball team. If the coach and team are good then winning record just happens apparently effortlessly-the new normal-without much coaching. If the team is bad they need much coaching just to break even. If the coach and team both stink they just blame one another as drama queens even losing in an inverse dialectical spiral down to the benthos.

The N.B.A. is on strike, the economy of the U.S.A. with about 10% or more standing around with their hands in their pockets looking on at the employed working for global trading corporations getting new trade agreements to expedite shipments of cocaine from Columbia easier from congress and public debt getting deeper. The Republican presidential primary/debate season produces much dreadful verbiage-as analysis incomplete and inaccurate-on the causality of the economic collapse of 2008.

Broadcast talking heads have more to add transferring blame like collateralized debt obligations unto the federal government. The government is at fault for not keeping tighter controls on market trading, yet it is an obliging servant of the rich and of corporatism such that since President Carter Wall Street banking and trading have received more liberal deregulation while the economic infrastructure of the U.S. began its turn toward emasculation of workmen’s real income and job benefits that have been in decline for about 40 years.

Obviously home mortgages ought never to have been commoditized by the Clinton administration allowing a variety of obscure financial devices to be developed stimulating over production of over-priced, too large, ecologically inappropriate homes. The Larry Summers era policy opened the floodgates to corruption of home finance with people as remote as Australians owning shares of shares of homes in the U.S.A. with C.D.O.s insured by odd insurance schemes against loss of repayment.

I read two books on the Wall Street history of developing corrupt trading and financial practices this year-‘The Age of Greed’ and ‘The Quants’ that provided a fair education on the historical rise of corrupt Wall Street and banking methods. The motivations were of course simply to easily make money without producing real goods.

Even efficiency innovators like Jack Welch and G.E.’s downsizing, efficient cost cutting of select divisions helped to process existing stock for profit without enough concern for new growth. Government needs to reinforce work, environment and employment efforts in the U.S.A. and let those with a center of effort abroad fend more for-themselves as trans-nationalists.

From leveraged buy outs and hostile take over’s through the development of quantitative marginal trading techniques the advantage of slick profit taking of the work of others has become the general drift of banks and Wall Street instead of creating real production and reform with innovation of production itself. The well being of employees was also no longer a concern of corporations in the quantitative world of statistical profits. Neither was the ecosphere of the world meaningful as polluting or destroying its life would come to be regarded as an ‘externality’ to the insider profit taking.

Home mortgage made into tradable commodities for sale globally to investor allowed the traditional debasing of currency corruption to follow. If a glass of pure apple juice costs one dollar one could make a hundred dollars of profit from that one glass by diluting it and selling 1% pure apple juice and 99% water with artificial flavoring and coloring along with high fructose corn syrup in ninety-nine additional glasses. Home mortgages may also be diluted in effect and oversold to investors. Yet tranching also allows an informal pyramid scheme to let investors at the lowest level have the highest risk of not getting repaid. They are incentivized to do so lured by the highest rate of return interest, if repaid.

The higher tranches of the pyramid have the most priority in repayment and the lowest interest for return-they also have higher credit worthiness ratings from ratings agencies like Moody and Standard and Poors.

Like cheap, common swindles where large packages in stores are only partly full, or where a bag of triple A cashew nuts has only a few cashew fragments and maybe filler of ordinary worst batch peanuts, the value of lower level tranches might be given a false higher credit rating by packaging one A home mortgage along with several F mortgages. The ratings agencies may give the entire bundle of mortgages the rating of its best unit such as the one A amidst five other Fs.

Banks became computer driven trading corporations to just like the most specialized trading houses on The Street. Because the federal government bails out ‘too big to fail’ trading or insurance/banking firms the traders move into higher risk positions leveraging their risk to assets ratios by as much as 200 to 1. That is a culture of corruption-a national culture of corruption supported by the government, broadcast media, Wall Street, colleges and culture as non-communist. It is simply non-intelligent.

Democracy allows intelligence to be free to innovate the best case empirical scenario that authoritarianism represses. Unfortunately given global demographic and geographic facts along with telecommunications technology networking has created its own free market ad hoc authoritarianism that snares the entire world within its evil demesne. The free market is moving toward the communist Chinese social structure because of its over-networking, quantified trading infrastructure developing an inherited class f concentrated wealth and power that will structurally oppose all meaningful change to ecospheric sustainability, national political independence and egalitarian distribution of wealth.

The reforms required to restore competition would require a decommodification of home mortgages, a cap on the number of employees any corporation could have at 10,000, a limit to the number of corporations anyone could own shares of at 3, and a limit to the income that any citizen could have indexed to the average income of the most poor 10% of society at perhaps 25 times greater. The goal of reform should be to break the stagnated hold of ossified business and government power that reduces completion and invention, the destruction of ecospheric health and exploits non-sustainable resource use. American civilizations simply needs and upgrade through reform that it is too gutless and spoilt, unwilling and incapable of getting done because of the nature of its established social, business and government inertia. The reform would require secure borders, no illegal entry, full employment, real equal legal protection, a balanced budget and no public debt, a colorblind social environment and the transformation of the broadcast media to individual citizen podcast freq use and more. The material tools the U.S.A. has to work with to reform and become the New America for the Third Millennium part 1 are ample to bring a robust economic and high quality lifestyle to all citizens and legal residents of the united States that would serve as an example for the rest of the world. The politicians need to become people with a better grasp of the possibilities for the reform of a civilization given the present human tool kit and get things done without doing harm to the public in the ongoing transition work process.
Classical civilizations were not so spoilt that they were incapable of reform or of social justice. Classical civilizations did not become such pursuers of luxury and moral decay that other people felt they needed to war upon the corrupting power in order to survive. As a global leader in a business culture destroying the world environment the world’s poor may come to feel the United States is an obstacle to ecospheric survival of human-life friendly conditions. Even the U.S. military’s homosexual policy as well as that of Massachusetts, New York, Oregon and a few other states may stimulate moral resistance amongst billions of people abroad. Such myopic policies were not necessary for the reinforcement of civil rights of individuals at all.

The talking heads want to blame Freddie Mac and Fannie Mae for the Wall Street development of tranching and of collateralized debt obligations and that is not so. Those corporations went along with the herd of corruption trend that grew like those of defectors in the prisoner’s dilemma to the dark side of the force in order not to be left behind. Those profits were the new in thing and the winners (temporarily) were all moving that way. Very few of the large profit takers were doing so on the formerly honest, conservative side of the line.

The Wall Street-Washington D.C. axis of evil won’t be reformed by any candidate or congress that seems to be ethical and intellectual Lilliputians in comparison to those of times past. Tip O’Neil, Everett Dirksen, L.B.J., Richard Nixon, F.D.R.-those were effective politicians able to get things done. Ralph Nadir should be awarded the Congressional Medal of Freedom.