No quarter. No respite. Time for the takeback.

The American System isn’t supposed to be about Crony Capitalism to reward the Elites and the political connected. The elites hate and disdain the rest of us. They need to come to fear us. Time for the takeback has come. It will take a while – years. Relentless small-steps must be taken over time on fronts to rollback the elites back bit my bit. No quarter, no respite.

 

Found via TDAXP.

(old found draft post)Historical 5GW Example: The Anti-Nixon 5GW-ish Coup

Dec 31, 2008 @ 15:53

I should still write this up more fully, if I have time to get into it. The revelation was pretty shocking and way under-reported.

http://amicablecollisions.blogspot.com/2008/12/all-fbis-men.html

http://committeeofpublicsafety.wordpress.com/2008/12/23/deep-throats-coup-detat/

http://committeeofpublicsafety.wordpress.com/2008/12/25/the-deep-throat-dilemma/

https://purpleslog.wordpress.com/2008/12/16/the-joint-chiefs-of-staff-using-the-stenographer-as-their-agent-actively-spied-on-the-civilian-command-during-the-vietnam-war/

http://en.wikipedia.org/wiki/Deep_Throat_(Watergate)

http://en.wikipedia.org/wiki/W._Mark_Felt

(old found draft post) Ralph Peters: “the complexity of counterterror operations comes down to three essential requirements”

Dec 4, 2008 @ 10:17

I am not sure why I didn’t post it. I guess I didn’t feel like going to how to do a counter-terror/counter-4GW 5GW. I should come back to this idea.

In the NY Post:

All the complexity of counterterror operations comes down to three essential requirements: Superb intelligence, ruthless determination and tremendous patience.

Intelligence helps you find the enemies you need to kill; determination means you kill them – and patience means accepting that even a successful fight will take decades, if not generations.

Sounds right to me.

So, do we have “Superb intelligence”. I have no idea. It is at least “good” I would venture (and expect given the budget size).

Do we have “ruthless determination”? I don’t think – at least much of the political class doesn’t (or most the US  population).

Lastly, Does the US have “tremendous patience”. I would say no, for sure no way. The US did not have the patience in the Cold War. It took a 5GW to set much of the US cold war response on automatic.

I guess we need a Long War 5GW.

The PurpleStimulus or Let Banks Fail…but fast and other goodies (“On The Bailout” Series)

This started out as a comment at TDAXP [1].

Here is what the USAGOV should do (not what they plan to do [2]) – and it should be done quickly and without mercy:

1) Have Bank regulators set the appropriate capitalization level for the bank

2) Assuming level not met, declare bank insolvent.

3) Wipe the shareholders (common and preferred) equity out.

4) Wipe out a significant amount of the long term debt (at least 50%)

5) Convert the rest of the debt to “equity”.

6) Fire the Board. Fire the Executive Leadership team. Fire the Auditors.

7) Hold an Open Auction for Preferred Stock and Common Stock to get capital infusions.

8 ) If the appropriate capitalization level set by regulators is not reached, USAGOV also makes an investment as either as a secured loan or as a purchase of prefered stock (plus warrants) at an above market coupon rate (say 1.5 X market rate) to reach that level while also transferring all of the “toxic  assets” to a USAGOV fund that maybe the Taxpayers can get something back someday.

9) The executives, boards and auditors should be investigated for fiduciary misconduct and civil litigation undertaken by US Attorneys to recover cost and looted wealth on behalf of the old shareholders.

Primary End Result: A working publicly-tradeable bank with an appropriate level of capitalization that is without “toxic assets”.

Secondary End Result: Taxpayers/USGOV may collect some money eventually from the Toxic Assets.

Note 1: USGOV should create closed-end mutual funds to sell off pools of the Preferred Stock to recover USGOV upfront outlays [3] and lessen USGOV temptations to interfere with those banks.

Note 2: I don’t have any “rescue” for Mortgage holders. Let the mortgages fail, and don’t prop up housing prices. This needs to correct.

Note 3: I don’t have any “rescue” for long failing companies. Let them die. Let Creative Destruction take place. Don’t feed the zombies.
http://www.wisegeek.com/in-business-what-is-a-zombie.htm

Note 4: The only stimulus I am interested in [4] is something along the lines of:

(a) Create Incentives for Businesses to Make Capital Investments by allowing 100% immediate depreciation
(b) Cleanup and rebuild America’s National Parks – and the state and local parks too.
(c) Finish the Yakima Nuclear Waste project
(d) Clean Up the Brownfields and toxic dumping grounds
(e) Start planning and constructing a national network of Smart Power Grids
(f) Install Municpal Plasma Furnaces [5] [6] across the country to create energy and elimnate landfill trash dumps.
(g) Pick a single “Wow” project.

Note 5: I would be okay with just (a), (e) and (f) from above.

Note 6: On that too-big-to-fail crap. Any enterprise that is “too big to fail” should have anti-trust action taken against it by USGOV/DOJ to break it up rapidly. [7]

Note 7: The currently regulatory alphabet soup is a failure. SOX is a failure. They should be replaced with something. I will leave that something for now to Future Purpleslog.

If USGOV tries to lessen this, they will just stretch it out and make it worse. Nor will the Political class be able to avoid giving rewards, favors, and protection to allies. They just can’t help themselves.

Update – Note 8: USGOV should fast any regualtory red tape for those startup up brand new banks from scratch.

[1]
http://www.tdaxp.com/archive/2009/02/11/what-is-the-difference-between-sirius-and-citi.html/comment-page-1#comment-239335

[2]
http://hotair.com/archives/2009/02/11/the-only-man-for-the-job-lays-an-egg-on-wall-street/

[3]
https://purpleslog.wordpress.com/2008/11/16/monetize-the-tarp-on-the-bailout-part-27

[4]
https://purpleslog.wordpress.com/2008/11/28/a-better-stimulus-plan-on-the-bailout-32/

[5]
https://purpleslog.wordpress.com/2008/06/23/a-tech-based-energy-idea-tha-i-like-municipal-plasma-furnaces/

[6]
https://purpleslog.wordpress.com/2008/11/13/energy-entrepreneurship-plasma-gasification-of-trash/

[7]
https://purpleslog.wordpress.com/2008/11/24/public-policy-guidance-on-too-big-to-fail-on-the-bailout-part-28/

Here is what my brain is screaming: How do we make the next version of the USA?

I am pretty pissed. This is all I can think of right now.

It is time to put this statist / Marxist / corrupt-elites crap behind us once and for all.

Update: Read this at Amicablecollisions

Is it going too far to conclude that our political class is a greater threat to America than Al Qaeda? Yeah, but it’s hard to see how whatever good they do outweighs the bad. I guess the only consolation is that as I read more political history I realize that this is not a unique problem of our time and that the US has done pretty well for itself despite our politicians.

The above is a great comment – despair and hope tied together – and just what I need to read about now..

Munzenberg Commented Promoted: “What leftists need is an example set for them where Islam attacks one of their precious tenets.”

Munzeberg wrote as a comment:

What leftists need is an example set for them where Islam attacks one of their precious tenets. Women’s rights is a classic one. This would have to happen on a long time scale and would be of their own doing i.e. letting Islam becoming a major force in a western country. I’m thinking a country in Western Europe would suffice.

Once the iron fist came down they’d be running around trying to start a “revolution” against Islam. Note that this is a historical pattern. In fact the recipe is:

(1) Hardcore cadre of leftists call for revolution against some idea/entity that doesn’t live up to their ideals.

(2) Quick, or gradualist, revolution occurs (or it doesn’t and they go back to point one).

(3) Society doesn’t turn out the way it should after the revolution (BUT THE PAMPHLETS SAID THERE WOULD BE A UTOPIAN PARADISE!).

(4) Hard core cadre return to point one and disclaim new society as not a “true” utopia (”aye, but he’s not a true scotsman!”).

The problem is, hard-core leftists are millenarians (http://en.wikipedia.org/wiki/Millenarianism), insofar as they believe they can enact a revolution to bring forth their glorious egalitarian utopia, so there really isn’t much you can do to change their minds, as they have a religious mindset. It is also no surprise that the original communist league was founded by christians and utopian socialists (http://en.wikipedia.org/wiki/League_of_the_Just).

So what can been done?

The best you could do is force ideological infighting between the various groups within the left, which there are plenty someone could exploit e.g. class activists versus identity activists, support for Islam versus women’s rights etc. etc.

I remember seeing a protest photo on some site ages ago where there were two older female Palestinian activists watching in shock as two unclothed male hippies with enlarged penises and body mods walked passed them.

That’s the type of ideological fault lines someone should be exploiting.

I’ve written too much, but I’ll bring up a point I’ve always thought … years ago there was that “corporation as a psychopath” metaphor that came from a documentary. If corporations as a group are psychopaths, then the left as a group are schizophrenics: too many ideological faultlines that at a fundamental outline just won’t get along with each other.

I think there may be a 4GW (more influence war her, I don’t mean guerrilla warfare) approach here, but that perhaps the left is too intertwined into US Institutions for a domestic 4GW to have a high probability of success. Also, would anti-Left domestic 4GWers has the patience to outlast the left? The American left has been going strong for century, they are not ready to give up yet.

So, that leaves a domestic 5GW approach. I have been building to a post on this for sometime, but it is still a bit into the future before I write it. I don’t want it sound naive, for me to sound like a crank, or for the plan to not be feasible.


Indeed, they do suck.

Promise: I will write a post on “How to Fix Milwaukee”…

…in the next few months. This is inspired by this comment which got me thinking.

Question Mark