Sunday, July 05, 2015

The Meaning of Life

Swami, tell us What is the meaning of life?

You put your right foot in,
You put your right foot out;
You put your right foot in,
And you shake it all about.
You do the Hokey-Pokey,
And you turn yourself around.
That's what it's all about!

You put your left foot in,
You put your left foot out;
You put your left foot in,
And you shake it all about.
You do the Hokey-Pokey,
And you turn yourself around.
That's what it's all about!

You put your whole self in,
You put your whole self out;
You put your whole self in,
And you shake it all about.
You do the Hokey-Pokey,
And you turn yourself around.
That's what it's all about!

Krugman notices the Arc of Economic Decline

…So let’s talk about something else… Finland, which couldn’t be more different from that corrupt, irresponsible country to the south… a model European citizen; it has honest government, sound finances and a solid credit rating, which lets it borrow money at incredibly low interest rates. It’s also in the eighth year of a slump that has cut real gross domestic product per capita by 10 percent and shows no sign of ending…. If it weren’t for the nightmare in southern Europe, the… Finnish economy might well be seen as an epic disaster. And Finland isn’t alone. It’s part of an arc of economic decline that extends across northern Europe through Denmark–which isn’t on the euro, but is managing its money as if it were–to the Netherlands. All of these countries are, by the way, doing much worse than France…. And what about southern Europe outside Greece?… Spain… real income per capita that is still down 7 percent from its pre-crisis level. Portugal has also obediently implemented harsh austerity — and is 6 percent poorer than it used to be….

J thinks that it is not the monetary policy nor debt management. It is something else, probably called "hedonism". Pic.: Loveshop in Logan's Run.

Saturday, July 04, 2015

Porco Rosso against Air Pirates

       Kids (Kidnapped by the pirates)
Wow.  We crashed. We're gonna sink. 
Let's go, let's go!  
        Pirate A
We aren't gonna sink.  This is a flying boat! 
         Kids (escaping) 
We're sinking! Let's go! 
        Pirate Boss to Kids
Don't!  It's dangerous!
         Pirate Boss to Pirate A
Stop them.  They're valuable hostages!
Don't worry.  We're on the swim team. 
        Pirate A
Contact from the pig again: "I'm going to allow you to take half of
the gold.  But leave the rest of the gold and the hostages
         Pirate B
Half of the gold!? 
        Pirate Boss
Keep your mouth shut!  Come on, you rotten Pig.  Let's fight it out! 
        Pirate A
It jammed!  We're finished  
        Pirate B
Things turned out ok.   At least we have enough money for
        Pirate Boss
Stupid!  Set your sights higher!
(The dialog is from a Japanese movie about an Italian freelance airman fighting
assorted air evildoers over the Adriatic. Characters speak
and behave like disciplined Japanese, far from the Italian 

Sell the Euro, Buy Dollars

For several years, Europe has not been growing so they will have print more Euros and lend them at a loss, in a desperate effort to stimulate their animal instincts of their decrepit populations. On the other hand, Yellin has announced that dollar interest rates will start increasing in September, something sure to strengthen the dollar. A classical opportunity for a three month carry trade.

"We continue to see mounting tensions over Greece as a catalyst for the euro-dollar to go near parity, if contagion to other peripherals causes the European Central Bank (ECB) to accelerate quantitative easing. In one year's time, the euro will be fetching just 95 cents", Goldman Sachs said. As we Hungaro-Hispano-Jews say in the barrio, the slowest of those Wall Street types butt-fucks a flying ostrich  ("el mas lento se culea un Ñandú al vuelo".)

What? Rebellion in Sinai?

I have strong image of the Sinai peninsula in my mind and it does not allow for the rebellion reported there. I toured Sinai in the early seventies and found empty naked mountain rock, dry wadis, wide sandy beaches. The only natives were beduins coming to pick Israeli tourists and workers refuse. We visited the Greek monks of the Santa Katarina fortified monastery, the Sharm el Sheikh Egyptian cannons. Tahal was working in mapping the half-island's water resources, and planning infrastructure. The government was promoting archaeology and anthropology teams researching the area and writing papers before it all disappeared under the asphalt and cement. Almost instantly the unmapped Sinai had an excellent road system, oil rigs on the Red Sea, tourist camps and hotels and flourishing agricultural villages South of Raffiyah. At Yamit, the White City of the Sea, I met an Argentine girl working for the Ministry of Agriculture and the phantasy of moving in with her passed by my mind. The Sinai was empty. Israel found no resistance and no terrorism. It was paradise.

I cannot fit this memory with the active war being waged these days on the three million strong Egyptian army. From where appeared those Beduin tribal militias disputing the ownership of the land? How could those few really miserable huts in the sand south of Gaza turn into towns where the Egyptian army fears to thread?

Pic.: Egyptian cannons at Sharm el Sheikh that caused the war. After the delirious freedom of Sinai 1973, the subject deteriorated into a conventional professor in America. Sad. 

Friday, July 03, 2015

Illuminati In Nigeria

I came across the following fantastic newspaper ad:

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Illustration: The Illuminati are everywhere, including in Columbia's long legged girl on a nuclear explosion background. She is standing on a ....  pyramid!

Thursday, July 02, 2015

Nemo me impune lacessit

In a recent case of Retributive In-Justice, Syrian fighters took symbolic revenge on ISIS soldiers: the soon to be decapitated are dressed in black while the decapitators, in orange jumpsuits. From my bunker/studio in Kever Benjamin, I admire their strategy: terror must be fought with terror, specifically with disproportionate, excessive, bestial  counter-terror. What do I learn from this historical testimony? That you should never take pictures in the shade.

Wednesday, July 01, 2015

Israeli gas

I have been driving extensively these days and everywhere I see iron pipes laying parallel to the roads. I'm not interested in posting a pic that one day could help the terrorists, so I post one from HaAretz. Apparently there is a marathon effort to complete the national gas distribution network although the pricing scheme has not been concluded. Israel wants cheap gas, forcing Noble Energy to sell us it under international market prices. Noble has invested billions in exploration when no other oil company wanted to touch Israel with a ten feet pole, and naturally wants to be rewarded. Israel already is in a very strong financial position, during the coming years we shall have cheap energy and develop heavy industries.When I came to Israel, we dreamed of economic independence (we subsisted then on American foreign assistance and Jewish charity, some will remember), today we are about to surpass Norway and become one of the wealthiest countries of the world.

Wasting Time

Tuesday, June 30, 2015

Vultures circling over Greece

Greece declared that it will not pay nor re-roll over its foreign debt. Vulture funds Elliot and Dart (known from the Argentine episode) are already in the air, waiting to descend and start feasting. Greece's debt is 300 billion (compared with Argentina's 100 billion), no big deal for the mighty EU, except for the political impact of EU dismemberment. The world didnt give a shit when Argentina defaulted, but Greece is member of a powerful club and Elliot will have to fight heavies like Germany.

According to Argentine papers, full of exquisite schadenfreude, Elliot is preparing its attack against other insolvent animals such as Puerto Rico, Petrobras, Samsung and Alcatel.  

Lactose Intolerance in Israel

Five hundred Israelis were tested for lactose intolerance and 83% of the Ashkenazi Jews were found intolerant, 93% of the Iraqi Jews, 82% or the Moroccans and 59% of the Beduins. The paper was published in Gene, by Dr Ruth Birak of University of Ariel in Samaria

We are a population different from Northwest Europeans.

Monday, June 29, 2015

Sell Europe, Buy Korea

While Europe is boycotting us, while European universities stop all academic co-operation with Israeli colleges, while European companies are disinvesting, the East Asians are trying to lure Israeli talent and initiative. The Chinese have been in it for a long time, Singapur is head-hunting in Israel, and now: Korea! See this full page ad by Samsung offering a 50 000 dollar grant, workspace, etc. for Israeli startups. Asia is the new Goldene Medine.

What's the problem with Greece?

Simply put, Greece has been milking the European Union since the beginning, running up about 300 billion dollars debt. If we take into account the former debt renegotiation (where the creditors lost 75% of their capital) and moratoriums and interest relief (granted by the creditors), it appears that Greece has been deliberately parasiting its European partners leading to the inevitable crisis.

So here we are, Greece openly insolvent and voting for debt repudiation.  It appears that Greece is made from a different matter than the Europeans and behaves differently. Europeans did not notice this fact because, geographically, the brilliant Ancient Greek civilization developed on the same peninsula, although the Ancient Greeks were probably a different people. The mistake is already harming Israel, the fear that Europe may sink into a depression caused the yesterday fall of 5% fall on Tel Aviv Stock Exchange. Ill.: The Birth of Venus by William-Adolphe Bouguereau, a French academic painter (thanks for the correction).