This one has some subtle touches:
Awesomest iPad decal I’ve seen:
The truth revealed!
Coolest marketing ploy ever:
“It was necessary to first build capitalism, then make socialism, we must have something to distribute before doing so.” So says outgoing Brazilian President Lula da Silva. Perhaps our current wannabe re-distributors should take note that you can kill off capital, and that you have to encourage capitalism if you want to have any wealth to be able to spread.
It is mentioned in passing, in an article about how the upcoming Captain America film will actually not be filmed in the United States:
The loss of production business from “Captain America: The First Avenger” is another blow to the city of Los Angeles, which has seen its share of big-budget films flee to escape the heavy tax burden its state levees on films…..California’s taxes have been a boon to the British Columbian city of Vancouver, which in recent years has seen a boom of what would’ve otherwise been big Hollywood business (films such as the “Twilight Saga” have found a production home north of the border).
Perhaps this is part of why California is going broke. Again, you can kill the goose that lays the golden eggs. Excessive taxation drives away economic activity. Why is this not understood?
Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today’s note:
Do your friends a favor. Tell them to “batten down the hatches” because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won’t recognize the country. They’ll retort, “How the dickens does Russell know — who told him?” Tell them the stock market told him…..
Retired Army Colonel Douglas MacGregor, PhD, maps out the geopolitical scene of the coming decade. Here is an extended excerpt; the whole thing deserves reading:
The question is whether the English-speaking peoples around the world will re-forge an alliance of their own or, even survive on the North American continent. Our weakened financial and economic condition makes a retreat from wider involvement in the world’s affairs unavoidable. For some period of time, we will have to reorient our attention to our domestic condition. Since nature abhors a vacuum, the vacuum will be filled. In reality, it’s already well underway.
Today, NE Asia is emerging as more than just an economic power house. It is already a center of technological expertise and strategic understanding. In ten years, Korea, Japan and China will collectively constitute a concentration of military power on a scale the world has never seen before; a concentration far greater than anything we have today. As the EU collapses, Europe’s German core will reemerge from a long hiatus. Together with the Russians who must of necessity turn increasingly to the Germans for political, economic and security assistance, the two will represent the enormous economic and military power that dominates the continent from the Atlantic to the Urals, a power once imagined by Bismarck, but thrown away by his successors in pointless, unnecessary wars. How this power will be used is unknown, but it too could dwarf our own inflated self-importance.
In the near-East, Turkey, not Iran will emerge as the true regional superpower. How Turkey and Iran get along under these circumstances is anyone’s guess. Israel may well be in a position to play the balancing power provided it maintains its military edge.
India, a country with one toilet for every 45,000 people is no superpower and it will not become one. Its principle challenge is to avoid a nuclear exchange with Pakistan, something that looks harder and harder to do just now.
The rest of the world – Africa, SE Asia and Latin America will behave much as it has for the last thousand years. It will struggle, remain vulnerable to the power and influence of the blocks of states already mentioned.