Simon Black's "Best Of 2010": Explains Why Planting "Mutiple Flags" Is Crucial For Our Insolvent Age

Simon Black, who for the past few months was frolicking in middle earth has reemerged again, this time from Buenos Aires, and shares a "Best of 2010" compilation with readers. "As we're quickly approaching the end of December, I thought it would be appropriate to republish a few letters from earlier this year. 2010 brought substantial growth for this community-- our numbers swelled, and I know that many readers probably missed some important letters from earlier days. Today I want to repost a letter that I originally sent to you in early January, just after the 2009 holidays. In it, I defined what planting multiple flags is, and why everyone should be thinking about it. As the events of 2010 have unfolded, I think those reasons have only become stronger."

Pentagon Papers' Daniel Ellsberg And Other Ex-Intelligence Officers "See Plusses In WikiLeaks" Disclosures

WikiLeaks has teased the genie of transparency out of a very opaque bottle, and powerful forces in America, who thrive on secrecy, are trying desperately to stuff the genie back in. The people listed below this release would be pleased to shed light on these exciting new developments.

How far down the U.S. has slid can be seen, ironically enough, in a recent commentary in Pravda (that’s right, Russia’s Pravda): “What WikiLeaks has done is make people understand why so many Americans are politically apathetic … After all, the evils committed by those in power can be suffocating, and the sense of powerlessness that erupts can be paralyzing, especially when … government evildoers almost always get away with their crimes. …”

So shame on Barack Obama, Eric Holder, and all those who spew platitudes about integrity, justice and accountability while allowing war criminals and torturers to walk freely upon the earth. … the American people should be outraged that their government has transformed a nation with a reputation for freedom, justice, tolerance and respect for human rights into a backwater that revels in its criminality, cover-ups, injustices and hypocrisies.

madhedgefundtrader's picture

A fundamental restructuring America’s conduct of its foreign policy through the implementation of a quadrennial review is in the works. The US is executing a two pronged military/diplomatic strategy of stepped up bombing, while enticing the Taliban to the negotiating table. Before the US helps Pakistan, it must help itself first, through the raising of domestic taxes. Pushing for a common negotiating forum with Europe to bring Iran to the table on the nuclear issue. The START treaty with Russia on nuclear weapons control may pass in the Senate during the lame duck session. The US supports China’s peaceful rise, but the picture is “complex.”

Germany, IMF, OECD, World Bank, WTO, ILO Joint Press Release On Ponzi Perpetuation

Well, if the Senate can say it, so can we - this shit is now beyond ridiculous and has hit accelerated Goldman prop selling dimensions. Below is a joint press release by German Chancellor Angela Merkel, OECD Secretary-General Angel Gurria, WTO Director-General Pascal Lamy, ILO Director-General Juan Somavia, IMF Managing Director Dominique Strauss-Kahn and World Bank President Robert Zoellick. For the most this bureaucratic essay is worse even than overflowing fecal matter, but this particular statement from the pathological Keynesianites gets a 10 even from the French judgein both hypocrisy and braindeath: "Only a sustainable global economy can continue to guarantee growing wealth without jeopardizing the chance for future generations to meet their own needs." And how do we sustain it? Why, by having the developed world issue half a trillion in debt each and every month.

Goodbye European Monetary Union, Hello Uncle Sam Bail Out: Greece Cost To IMF (And Pro Rata US Taxpayers) - $27 Billion

From Goldman's Erik Nielsen: "According to the Reuters story below, Merkel said this morning as a government declaration in front of the German parliament (ahead of the EU summit) that help to Greece would only come as the very last resort, and that it (bilateral help) would come ONLY in combination with the IMF. Whether this was formally agreed yesterday by the Euro-zone heads of state remains uncertainly, but I think it is very likely. If so, its just a matter of rubber stamping it in the full EU summit today, since none of the non-Eurozone EU members would object to the IMF being involved" and this "It is not clear when Greece will formally approach the IMF, but it might happen within weeks, and very likely during the next few months. I think negotiations – when they get under way – will focus on a program of about EUR20bn over 18 months. Stay tuned."

Full Speech By Greece PM Papandreou Before Brookings: "Speculators Now Threaten The Entire Global Economy"

To paraphrase the 20-page speech: it is still just the speculators' fault, who are now "threatening not only Greece, but the entire global economy" so burn them all post haste before they can read all the declassified GS prospectuses, and scour the footnotes thus uncovering the truly deplorable state of all European budgets, also please ignore this huge corruption problem we have, it's under control, oh, and it is time our globalization "partners" realize that we are critical in the future of the free world, and bail us out, even though we have repeatedly said we need no steenkin' bail out, or else global financial crisis v2 - here we come. Now show me where Ben Bernanke's office is.

Snow [Day / Job]

Obama emerges triumphantly from negotiations in Copenhagen having secured a 2 degree cap on world temperature.  Of course, this implies a sea level increase limit of seven to nine meters.  Having successfully commanded the tide to remain out, Obama and the United Nations have broken new ground in assuring climate status quo through international agreement.  (Oh, and several programs directed at the mass redistribution of wealth to non-democratic kleptocracies were also outlined in the lobby during intermission cocktails).