The Decline And Fall Of The American Empire

Why S&P Downgraded the US:
U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent [April] budget cut: $ 38,500,000,000
Let’s remove 8 zeros and pretend it’s a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Budget cuts: $385

The Fantasecond

On September 15, 2011, beginning at 12:48:54.600, there was a time warp in the trading of Yahoo! (YHOO) stock. HFT has reached speeds faster than time itself. Up to 190 milliseconds into the future, or 0.19 fantaseconds is the record so far. It all happened in just over one second of trading, the evidence buried under an avalanche of about 19,000 quotations and 3,000 individual trade executions. The facts of the matter are indisputable. Based on official exchange timestamps, there is unmistakable proof that YHOO trades were executed on quotes that didn’t exist until 190 milliseconds later!

h/t Adrian

We Don’t Need No Stinking Giant Mirrors/Fans, or, What Frackin’ Peak Oil?

Well, well, well–this story from the Gray Lady, which hates the Canadian “tar sands“:

New Fields May Propel Americas to Top of Oil Companies’ Lists
RIO DE JANEIRO — Brazil has begun building its first nuclear submarine to protect its vast, new offshore oil discoveries. Colombia’s oil production is climbing so fast that it is closing in on Algeria’s and could hit Libya’s prewar levels in a few years. ExxonMobil is striking new deals in Argentina, which recently heralded its biggest oil discovery since the 1980s.
Up and down the Americas, it is a similar story: a Chinese-built rig is preparing to drill in Cuban waters; a Canadian official has suggested that unemployed Americans could move north to help fill tens of thousands of new jobs in Canada’s expanding oil sands; and one of the hemisphere’s hottest new oil pursuits is actually in the United States, at a shale formation in North Dakota’s prairie that is producing 400,000 barrels of oil a day and is part of a broader shift that could ease American dependence on Middle Eastern oil.
For the first time in decades, the emerging prize of global energy may be the Americas…

Meanwhile Bret Stephens of the Wall St. Journal looks across the sea with a rather dystopian lens:

What Comes After ‘Europe’?
The riots of Athens will become those of Milan, Madrid and Marseilles. Border checkpoints will return. Currencies will be resurrected, then devalued…

Gray Lady/WSJ predate:

Frack Whom?

Have You Apologized to Muslims Yet?

If you’re an American, don’t worry, Congressman Mike Quigley has already apologized on your behalf. Perhaps you’d like to send him a thank you note? 🙂
In case it isn’t crystal clear, Quigley isn’t actually apologizing on behalf of himself. His “apology” is a “too clever by half” condemnation of conservative Americans. His “apology” is as insincere and phoney as he is.
Never forget, one of the beautiful things about being on the Left is never having to apologize for one’s own words & actions. After all, if you’re a member of the Cult of Leftism then you can do no wrong. if anyone ever is inadvertently offended then there clearly must have been a “misunderstanding”.

Love is a thing that can never go wrong

US-Israeli relations have undeniably deteriorated very badly since Barrack Obama took office, but anyone familiar with Jewish issues in the 20th century events knows that bald-faced denial is not an impossibility but an inevitability. Here’s John Hellemann in his remarkable cover story – replete with a photoshopped image of Obama wearing a yarmulke – in New York Magazine article called “The First Jewish President“:

Again and again, when Israel has been embroiled in international dustups—over its attack last year on a flotilla filled with activists headed from Turkey to Gaza, to cite but one example—the White House has had Israel’s back.

The Obama administration’s approach to Israel is an expression of a deep fraternal bond:

In attempting to apply tough love to Israel, Obama is trying to make a stalwart ally see that undertaking the painful and risky compromises necessary for peace with the Palestinians is the only way to preserve the Zionist dream….His role here is not that of the callous assailant but of the caring and sober brother slapping his drunken sibling: The point is not to hurt the guy but to get him to sober up.

No one cares more:

(he is) certainly a president every bit as pro-Israel as the country’s own prime minister—and, if you look from the proper angle, maybe even more so.

Yes. And he is Marie of Romania.

Navigation