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Money Stacks Backpack
07.27.2011
12:29 pm

Topics:
Amusing
Fashion

Tags:
Money Stacks Backpack


 
Yeah it looks real and everything, but you’d have to be total knob or P. Diddy to carry this thing around.

The Money Stacks Backpack sells for $50.00 over at Sprayground.

Update: A reader points out that the Money Stacks Backpack reminds him of Cheeky’s Suitcase Stickers. I have to agree.


 
(via Like Cool)

Posted by Tara McGinley | Leave a comment
Video: ‘A Dance for a Lady’
07.27.2011
11:48 am

Topics:
Amusing
Kooks

Tags:
Awesome
Jason


 
Everyone meet Internet dancing sensation, Jason. He likes to woo the ladies with his interpretative dance of Gene Pitney’s “Something’s Gotten Hold of My Heart.” I betcha his hypnotic moves work like a charm. Here’s what Jason has to say:

Thank you very much,Youtubers for your comments. I might not do another dance video for a long time. In my next video, I will say something very impotent to you all. I don’t always do dance. what I like to do is crime drama.I will tell you more about that and other things too.

 

 
(via Pleated Jeans)

Posted by Tara McGinley | Leave a comment
500 Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy


 
A guest essay from Charles Hugh Smith, cross-posted from his Of Two Minds blog. His latest book is titled An Unconventional Guide to Investing in Troubled Times and is available in the Kindle format. You do not need a Kindle Reader to read it, just download the free Kindle app and read it on virtually any device. Get the links, read the Intro, Table of Contents and Chapter One, and buy the ebook of An Unconventional Guide to Investing in Troubled Times on the info page. For Dangerous Minds readers the ebook is discounted 30% ($6.85) through this Friday, July 29, 2011.

The banks of Europe are the new Feudal Manors and Masters. All Europeans now serve them as debt-serfs in one way or another.

If we knock down all the flimsy screens of artifice and obscuring complexity, what we see in Europe is a continent of debt-serfs, indentured to the banks under the whip of the European Union and its secular religion, the euro.

I know this isn’t the pretty picture presented by the EU Overlords, of a prosperity built not just on debt, but on resolving the problem of debt with more debt, but it is the reality behind the eurozone’s phony facade of economic “freedom.”

What else can we call the stark domination of the big banks other than Neo-Feudalism? In one way or another, every one of the 27-member nations’ citizens are indentured to the big international banks at risk in Europe, most of which are based in Europe.

Amidst the confusing overlay of voices and agendas, there is really only one agenda item: save the big European banks. Everything else is just mechanics. The banks are the new feudal manor houses, the bankers are the new feudal lords, and the politicians of the EU and its influential member nations are the servile vassals who enforce the “rule of law” on the serfs.

Here is the fundamental fact: there are trillions of euros of debt which can never be paid back. In a non-feudal system, one in which the banks were not the Masters, then this fact would be recognized and acted upon: something like 50% of the debt would be written off in one fell swoop, all the banks whose assets had just been wiped out would be declared insolvent and liquidated, the remaining debt would be sized to the economic surplus of each debtor nation, and a new, decentralized banking sector of dozens of strictly limited, smaller banks would be established.

To the degree that is “impossible,” Europe is nothing but a Neo-Feudal Kleptocracy serving its Banker Lords.

The Greek worker whose pay has been slashed in the “austerity” demanded by the banks serves the Banker Lords, as does the German worker who will be paying higher taxes to bail out Germany and France’s Banker Lords. Though the German is constantly told he is bailing out Greece, the truth is Greece is just the conduit: he’s actually bailing out the EU’s Banker Lords.

We can clear up much of the purposeful obfuscation by asking: exactly what tragedy befalls Europe if all the sovereign debt in the EU was wiped off the books? The one and only “tragedy” would be the destruction of the “too big to fail” banks, not just in Europe but around the world. As the big European banks imploded, then their inability to service their counterparty obligations on various derivatives to other big banks would topple those lenders.

While the political vassals call that possibility a catastrophe, it would actually spell freedom for Europe’s 500 million debt serfs. From the lofty heights of the Manor House, then the loss of enormously concentrated power and wealth is indeed a catastrophe for the Lords and their political lackeys. But for the debt-serfs facing generations of servitude for nothing, then the destruction of the banks would be the glorious lifting of tyranny.

Just as a refresher, here is a definition of kleptocracy:

Kleptocracy, alternatively cleptocracy or kleptarchy, from the Ancient Greek for “thief” and “rule,” is a term applied to a government subject to control fraud that takes advantage of governmental corruption to extend the personal wealth and political power of government officials and the ruling class (collectively, kleptocrats), via the embezzlement of state funds at the expense of the wider population, sometimes without even the pretense of honest service. The term means “rule by thieves”.

Extracting the wealth of 500 million people via the EU’s central governance machinery to serve a handful of big banks is definitely a form of systemic embezzlement. As for corruption: where are the politicians who speak to the enormous benefits of writing off these debts and destroying the power of the big banks, utterly and completely, as the only way to free the people from debt-serfdom?

While the European Central Bank (ECB) and the vassals’ favorite form of oppression, the European Financial Stability Facility (EFSF), print or borrow more euros into existence to fund the illusion of solvency, the cold reality is that the only way to service these trillions in impaired debt is to skim the surplus from the labor of the debt-serfs.

Since the political vassals control the means of taxation, then it is their job to squeeze hundreds of billions of euros out of the labor of their nation’s debt-serfs.

There is a fatal weakness in the Grand Scheme of European Neo-Feudalism, and the lackeys in the EU are desperately trying to fix it under the banner of “integration.”

The fatal flaw is that the political union of the EU vassal states did not include fiscal union in which the EU could impose and control taxation within all member states.

This flaw means that the Banker Lords lack the necessary means to impose serfdom directly through the “laws” of the EU itself; instead, they must coerce the vassal political class within each member state to impose debt-serfdom on its citizenry.

This has proven cumbersome, as some nation’s debt-serfs are threatening to refuse to submit to serfdom. Such a rebellion would of course bring down the entire house of cards that is Neo-Feudal Europe, and so the lackeys in Brussels and elsewhere are frantically trying to sell “fiscal integration” as the “necessary step” to centralizing the power of the banker Lords over the citizenry of all 27 EU member states.

The euro was intended to be the enforcement mechanism, but alas, voluntary agreement is not a solid foundation for neo-feudalism. At its heart, the euro currency was ultimately a Grand Arbitrage for the big European banks: they could loan essentially unlimited sums to citizens and sovereign member-states in a stable currency, and be guaranteed that they would be repaid in that same currency regardless of the weaknesses of the debtors.

That was a very sweet deal, an essentially risk-free license to generate monumental profits, all backstopped/guaranteed by the EU and ECB.

In the old, horribly risky system of independent states and currencies, any bank foolish enough to loan vast sums to weak states and its citizenry would soon find the currency in which their loans were paid would weaken to the point that even if the loans were repaid in full, their losses would be crushing.

For example, say a bank loaned Greece 1 billion drachma when the drachma was equal in value to the U.S. dollar. The loan would thus be worth $1 billion. But let’s say that by the time the loan was repaid, the drachma had fallen to 50 cents. Measured in dollars, the bank suffered a loss of 50%, even when the loan was paid in full.

The euro removed all that nasty risk, and created a massive vassal class of EU bureaucrats to enforce the rules and make good any defaulted debt via the European Central Bank (ECB), the supra-national lender that served the big banks as guarantor. Ultimately, the ECB was funded by the member states’ taxpayers, which spread the costs of the arbitrage over such a large number of citizens that it seemed impossible that the guarantee could be broken.

But the Banker Lords got greedy, and they overshot the carrying capacity of the EU’s economy by a trillion euros; the debt loads are now so enormous that the surplus skimmed from the debt-serfs isn’t enough.

That is the core dilemma of the Banker Lords and their political vassals. Since the Banker Lords lack the legal mechanism to impose new taxes via the EU itself, they must rely on the cumbersome processes of illusion and propaganda, of “extend and pretend” extensions of debt and harsh “austerity” to skim as much cream as possible.

The cloak has been removed, and the bloodied whip is now visibly in hand. In a household analogy: your mortgage has been rolled over into a new form of servitude, and your wages have been cut even as your taxes have been raised to service your debt to the Banker Lords. The vassals are bowing and scraping before their Lords, promising deeper cuts and higher taxes; yes, Master, we will obey.

But this isn’t enough, of course; the Lords are demanding the rings off the fingers of the debt-serfs, and the rights to sovereign assets; they are casting a covetous eye on the comely daughter as well, and we can fully expect a discreet demand to exercise droit du seigneur, a right befitting the Lords of the new Feudalism.

Charles Hugh Smith’s latest book is titled An Unconventional Guide to Investing in Troubled Times and is available in the Kindle format. You do not need a Kindle Reader to read it, just download the free Kindle app and read it on virtually any device. Get the links, read the Intro, Table of Contents and Chapter One, and buy the ebook of An Unconventional Guide to Investing in Troubled Times on the info page. For Dangerous Minds readers the ebook is discounted 30% ($6.85) through this Friday, July 29, 2011.

Posted by Richard Metzger | Leave a comment
John Lennon, Yoko Ono, Zappa, Mothers live at the Fillmore East 1971


 
Three clips of John and Yoko onstage with Frank Zappa and the Mothers of Invention at the Fillmore East in NYC, June 5, 1971. For whatever reason, Lennon re-titled the Mothers’ song “King Kong”—the centerpiece of their live act for years and one that took up an entire side of the Uncle Meat album—as “Jamrag” and credited it to “Lennon/Ono” on their 1972 Sometime in New York City live album. Zappa’s own mix of this material—radically different from the Phil Spector produced tracks on John and Yoko’s album—came out on his Playground Psychotics album in 1992.

The Mothers at this time were comprised of Howard Kaylan and Mark Volman on vocals, Bob Harris—keyboards, Don Preston—Minimoog, Ian Underwood—keyboards, alto sax, Jim Pons—bass, vocals and Aynsley Dunbar on drums. If you’re a Yoko fan, towards the end of the third clip, Lennon starts doing some feedback stuff with his guitar as she wails over it. It’s a fine Yoko moment, albeit brief.

This is either a fan-shot film that was synced up with soundboard audio or else something that came via Bill Graham’s archives or a mixture of both. The audio quality is quite good and the video quality is certainly watchable, although there are dropouts to black at times. Still, this is an amazing, historic concert to have footage of, I’ll take what I can get. This probably got onto YouTube by way of the amazing Zappateers fansite (truly one of the greatest fan communities on the Internet).
 

 

 

 
Below “Scumbag.” I love Don Preston’s Mini-Moog improvisations here:
 

Posted by Richard Metzger | Leave a comment
Willy Wonka’s Tunnel of Hell, Reversed


 
Willy Wonka & the Chocolate Factory will always be one of my most-cherished childhood movies. The scene that stands out the most (at least in my mind) is Wonka’s psychedelic and slightly demonic trip through the “Tunnel of Hell.” Some clever YouTuber decided to take the notorious scene and reverse it. Guess what? It’s even more disturbing. 

 
Thanks, Billy Burbank!

Posted by Tara McGinley | Leave a comment
Awesome Lady Two-Face make-up
07.27.2011
10:06 am

Topics:
Art

Tags:
Meagan Marie
Comic-Con
Lady Two-Face


 
Hardcore comics fan Meagan Marie pulled off this flawless Lady Two-Face transformation at the 2011 San Deigo Comic-Con. Brilliant!
 
(via My Modern Met)

Posted by Tara McGinley | Leave a comment
I Got You Knave: Sonny and Cher getting medieval in 1968
07.27.2011
12:30 am

Topics:
Music
Pop Culture
Television

Tags:
Sonny and Cher
Murray The K


 
Here’s a rare Sonny and Cher video from Jim Laspesa’s newly launched Bubbling Over website. Jim gives us the background on the video: 

The Sonny & Cher clip is from a 1968 Murray The K TV special “Sound Is Now.” The music in the video is the backing track for Sonny and Cher’s song “Little Man.”  Clip was likely cut as between-song filler for the TV special.”

I wonder if this was shot on Sonny and Cher’s renaissance faire themed Malibu estate?
 

 
The Bonos singing “Little Man.”

Posted by Marc Campbell | Leave a comment
The Ladybugs: Hooterville’s riot grrl Beatles
07.27.2011
12:03 am

Topics:
Amusing
Music
Television

Tags:
Ed Sullivan
The Ladybugs


 
Jeannine Riley, Pat Woodell and Linda Kaye Henning from Petticoat Junction & Sheila James of Dobie Gillis make an appearance on the Ed Sullivan Show (March 22, 1964) as The Ladybugs covering The Beatles “I Saw Her Standing There.”

In his introduction, Sullivan refers to The Beatles as “our stars The Beatles,” as though he invented the Fab Four. No question he helped launched their success in the States, but, with or without Ed, The Beatles’ world domination was predestined.
 

 
Via Bubbling Over

Posted by Marc Campbell | Leave a comment
Breathtaking 90 second TV commercial
07.26.2011
10:34 pm

Topics:
Advertorial
Movies

Tags:
Guinness
commercial
Jonathan Glazer


 
This Guinness commercial is a decade old but I just discovered it. I don’t think it ever aired on television outside of the United Kingdom. It may be new to some of you as well.

It’s brilliantly directed by Jonathan Glazer who has also done outstanding videos for Nick Cave, Radiohead and Massive Attack. His feature length film Birth is a hugely underrated film released in 2004. Fans of Stanley Kubrick should view it immediately.

Film footage of surfers riding waves in Waimei Bay in Hawaii were digitally combined, using the blue screen effect, with footage of specially trained Lippizaner stallions jumping over hurdles in large pools of water. The images together create magic.
 

 

 

Posted by Marc Campbell | Leave a comment
Mick Jagger turns 68 today
07.26.2011
06:16 pm

Topics:
Heroes
Music

Tags:
Mick Jagger


 
A very happy birthday to Sir Michael Philip “Mick” Jagger, who was born 68 years ago today, July 26, 1943.

God bless ‘im! What a freak of nature he truly is.

Posted by Richard Metzger | Leave a comment
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