Republican’s like to say, it is not just the bank’s fault that this housing bubble has burst, but that some people spent beyond their means.

Bubble after bubble, each bailout finances the next overblown contraction. The savings and loan bailout, created by Bush Sr. and McCain’s deregulation festival, financed the dot com bubble. The 500 billion dollar hedge fund bailout, following the tech bubble bursting, financed the real estate bubble. And the prime irrational actor in spiraling home costs, little blamed by democrats or republicans, were REITs.

Real estate investment trusts are rich people funds to buy land and property. No one lives on the land, few ever see or know what a REIT holds, but half the drive in prices is attributed to their activities taking land and homes off the market for speculative purpose. In fact, the surge in available properties which drives home price drops in many regions is very much a reflection of the rich having dumped much of their REITholdings.

Here is some recent history of this profitable den of irresponsibility in the guise of savvy. Three years back-

Two years back… FED culpability and a Mickey in your drink

And one year back.

And today? Good old lessons.

“Buy when there’s blood in the streets” (Baron Rothschild in 1871)

This bailout will fund the bio-tech bubble.

And none of it is a mistake. The expansions and contractions are part and parcel of elite control and dominance techniques.

Some say buy low sell high. I say, don’t buy and aim for the chest.

(I also say, buy as much woodland as you can afford and preserve it and make a well organized militia.)

Post by: Johnny Civil has written extensively under many names for Cañamo, Hanf!, The Shadow, The East Coast Ledger and many other outlets.

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By Charles Mostoller

Supreme Court case pits exploitation of the Amazon against Indigenous rights in Brazil

On August 27th, the Brazilian Supreme Court will decide a case that could have far reaching effects on the Amazon and the half-million indigenous people who live there. The case questions the legality of a process that created an Indigenous Territory in northern Brazil, and threatens to reverse decades of progress on indigenous and social rights throughout the country.

In 2005, after more than two decades of struggle for recognition, five indigenous groups in Brazil’s northern Roraima state won official recognition of their rights to their ancestral lands. Their efforts culminated in the creation of a new Indigenous Territory, Raposa Serra do Sol, covering a large swath of the Amazon Rainforest on the border with Guyana.

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ECL Editor Desk

In a choice that one can only hope he will reverse, Presidential hopeful Barak Obama chose legendary liar Joe Biden as his Vice-Presidential running mate.  In what is being hailed as a pathetic and weak move across the board, one wonders what photos of Obama Biden must have.

Are there no other elders Obama could have chosen?  Must he pick a blowhard loser who only can claim to be effective as an insider?  Is this change anyone can believe in?

Now expect a bold pick from McCain like Condi or… well, Cheney would be a bolder choice than Joeseph Biden, a man who has already brought moore than his fair share of shame upon the Democratic Party.

Obama might as well have picked Cynthia McKinney for equal calamitous effect.  The McCain camp must be opening champagne bottles by the case.  

Loose change you can believe in… Obama is now officially a bummer.

Iraq Hussain Osama and Mr. Plagiarism 2008, who could say no to that?

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And?  Most people probably are unfamiliar with this ground breaking proposal, made by two New York high school students in the 1980s.  They suggested that Einstein did not get the whole, nuanced picture, one nuance of which is the speed of light.  No constant, they suggested, in the speed of light and other charged particles, only a constant maximum waveform speed.  Apparently, they could not come to terms with the dual status of light in any other way, logic leaving them with particles traveling 1.6 times faster, then visible light, to many times faster depending of the type and frequency of the wave form, temperature, and the medium.

When this paper asked the teachers who made the famous second place judgement how they felt in retrospect, they had some regret yet felt they had been quite good for not entirely dismissing two kids who said they knew better than Einstein.  What follows is the original encyclopedia entry which has gone largely ignored until now by the relevant associations:

Not using the term quantum tunneling, but predicting the speeds that are achieved by different frequencies of light to a high degree of precision, was the work of Jeremy S. Sloan and Gavin McKee.

Being taught in high school that light was both a particle and an energetic wave-form, they asked the obvious question, “Then is the particle not ‘driving’ down the wave?”  As a car may only travel thirty miles within an hour on a curving road, its actual speed may be fifty miles-per-hour.

A need to specifically increase the potential speed of light particles was first suggested by them in 1988 with the McKee-Sloan Hypothesis, (MSH) which suggested that the actual speed of photons should be judged by the total distance travelled within the wave-form.  They stated the top speed of visible light was 1.6 times 299,792,458 m/s, with increases or decreases in that speed dependent on varying wave-form frequencies, (i.e. red or blue light and other radiation) temperature, or medium.

Their theory was proved by many subsequent quantum tunneling experiments.  Introduced at  New York’s Dwight High School science fair, and judged by the school’s Headmaster, physics, biology, and chemistry teachers, Jeremy Sloan and Gavin McKee’s efforts were awarded second place after a young woman displaying a potato powered clock.

When asked about the incident Gavin McKee said, “I think the potentials of time dilation, faster than light processing, and the control of photons, remain an exciting field of discovery, rich in unknowns.  The many other unknowns of these realities skew potential certitude, leaving us with Turing’s original deduction that our answers will be found in partnership with a mechanical quantum computing device to give scientific rigor to the perceptions of our biological quantum computing brains and the potential ability to act mechanically in the revealed conditionality.”

Jeremy S. Sloan, who declined to be interviewed for this reflection, is a senior managing director at Goldman Sachs.  Gavin McKee is a writer published under many nom-de-plumes.  He also does personal change work through NRV Hypnosis.  Neither pursued further studies in science.

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