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	<title>Comments for The Big Picture</title>
	<atom:link href="http://www.ritholtz.com/blog/comments/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ritholtz.com/blog</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
	<lastBuildDate>Sat, 18 May 2013 11:06:01 +0000</lastBuildDate>
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		<title>Comment on Why There Is So Much Pro-War Reporting by ilsm</title>
		<link>http://www.ritholtz.com/blog/2013/05/pro-war-reporting/comment-page-1/#comment-670422</link>
		<dc:creator>ilsm</dc:creator>
		<pubDate>Sat, 18 May 2013 11:06:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93490#comment-670422</guid>
		<description><![CDATA[Conflating militarism with patriotism is a tool of the few to use the media to kill the New Deal and neuter the Great Society.  

At Stalin&#039;s death Ike tried to push a &quot;peace dividend&quot; was shot out of the sky.

The Ike quote about &#039;each weapon stealing from the working man&#039; is 1953.

&quot;Naturally, the common people don&#039;t want war...but, after all it&#039;s the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship...Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.&quot; - Herman Goring at Nuremberg trial in 1946]]></description>
		<content:encoded><![CDATA[<p>Conflating militarism with patriotism is a tool of the few to use the media to kill the New Deal and neuter the Great Society.  </p>
<p>At Stalin&#8217;s death Ike tried to push a &#8220;peace dividend&#8221; was shot out of the sky.</p>
<p>The Ike quote about &#8216;each weapon stealing from the working man&#8217; is 1953.</p>
<p>&#8220;Naturally, the common people don&#8217;t want war&#8230;but, after all it&#8217;s the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship&#8230;Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.&#8221; &#8211; Herman Goring at Nuremberg trial in 1946</p>
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		<title>Comment on Why There Is So Much Pro-War Reporting by george lomost</title>
		<link>http://www.ritholtz.com/blog/2013/05/pro-war-reporting/comment-page-1/#comment-670421</link>
		<dc:creator>george lomost</dc:creator>
		<pubDate>Sat, 18 May 2013 11:05:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93490#comment-670421</guid>
		<description><![CDATA[Old news, and you are probably looking in the wrong places. Consider our popular culture:

- The Star Wars &#039;franchise&#039; portrays a future of perpetual galactic warfare. 
- The Star Trek &#039;franchise&#039; features future roaming warships with the power to blast whole planets to smithereens, captained by leaders (Kirk, Piccard) with the absolute power of life and death over their subordinates and any &#039;aliens&#039; they may encounter. [Yes, The Voyage Home is the exception that proves the rule.] Is there a single episode in which &quot;ambassadors&quot; are not lethally gullible idiots?
- How about the &#039;individual franchisees&#039; Arnold, Bruce, etc.

By the time our kids are old enough to think for themselves they have already been thoroughly indoctrinated. 

&quot;Resistance is futile.&quot;]]></description>
		<content:encoded><![CDATA[<p>Old news, and you are probably looking in the wrong places. Consider our popular culture:</p>
<p>- The Star Wars &#8216;franchise&#8217; portrays a future of perpetual galactic warfare.<br />
- The Star Trek &#8216;franchise&#8217; features future roaming warships with the power to blast whole planets to smithereens, captained by leaders (Kirk, Piccard) with the absolute power of life and death over their subordinates and any &#8216;aliens&#8217; they may encounter. [Yes, The Voyage Home is the exception that proves the rule.] Is there a single episode in which &#8220;ambassadors&#8221; are not lethally gullible idiots?<br />
- How about the &#8216;individual franchisees&#8217; Arnold, Bruce, etc.</p>
<p>By the time our kids are old enough to think for themselves they have already been thoroughly indoctrinated. </p>
<p>&#8220;Resistance is futile.&#8221;</p>
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		<title>Comment on Bail-In vs. Bailout by Robin Alejandro</title>
		<link>http://www.ritholtz.com/blog/2013/04/bail-in-vs-bailout/comment-page-1/#comment-670420</link>
		<dc:creator>Robin Alejandro</dc:creator>
		<pubDate>Sat, 18 May 2013 11:01:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=91133#comment-670420</guid>
		<description><![CDATA[THE DANGER OF INVESTMENTS

The Rothschild&#039;s central banking system worldwide is the real culprit of the worldwide financial crisis. It will bring the world to monetary collapse - so they can introduce their One World Currency and One World Government!

Investing has become extremely dangerous. The phenomenon called Flash Crash is well-known: On May 6, 2010, without any apparent cause, the Dow Jones Index tumbled 998.5 points and in the space of five minutes: 1000 billion dollars simply evaporated. 

After a 5 month investigation (!), the SEC and CFTC stated that “high-speed trade with high-speed computers had proved a critical driver behind the stock exchange collapse.” “An automated program issued the order to buy $ 4.1 billion dollars, and because it kept repeating the order, it accelerated the process.” 

People were warned about this, but no appropriate measures were taken. 

This totally passes any understanding: Financial wizards performing their tricks and playing games with the pensions of the people. 

Seduced by Internet and television, people become interested in investing in faraway countries. They are promised high yields, and whether or not the promise is realistic or not becomes clear only after the money has gone. 

How stupid can we get? Why don&#039;t we think twice about handing over millions to the stock exchange.

A quote from a member of the stock market governing body in the Financieel Dagblad of February 25, 2010:     
 
“When I stop talking to our investors, banks and accountants, they go into a panic and everything collapses. If I tell them even a little bit of the actual truth, the same happens. So all I can do is telling them lies and nonsense.” 

These are the people who are heading many companies and institutions in public healthcare and housing, and the commercial banks: Our self-appointed leaders. These gentlemen bribe notaries, lawyers, judges, and municipalities; Literaly anyone and anything that can help them in their quest to meet their targets.]]></description>
		<content:encoded><![CDATA[<p>THE DANGER OF INVESTMENTS</p>
<p>The Rothschild&#8217;s central banking system worldwide is the real culprit of the worldwide financial crisis. It will bring the world to monetary collapse &#8211; so they can introduce their One World Currency and One World Government!</p>
<p>Investing has become extremely dangerous. The phenomenon called Flash Crash is well-known: On May 6, 2010, without any apparent cause, the Dow Jones Index tumbled 998.5 points and in the space of five minutes: 1000 billion dollars simply evaporated. </p>
<p>After a 5 month investigation (!), the SEC and CFTC stated that “high-speed trade with high-speed computers had proved a critical driver behind the stock exchange collapse.” “An automated program issued the order to buy $ 4.1 billion dollars, and because it kept repeating the order, it accelerated the process.” </p>
<p>People were warned about this, but no appropriate measures were taken. </p>
<p>This totally passes any understanding: Financial wizards performing their tricks and playing games with the pensions of the people. </p>
<p>Seduced by Internet and television, people become interested in investing in faraway countries. They are promised high yields, and whether or not the promise is realistic or not becomes clear only after the money has gone. </p>
<p>How stupid can we get? Why don&#8217;t we think twice about handing over millions to the stock exchange.</p>
<p>A quote from a member of the stock market governing body in the Financieel Dagblad of February 25, 2010:     </p>
<p>“When I stop talking to our investors, banks and accountants, they go into a panic and everything collapses. If I tell them even a little bit of the actual truth, the same happens. So all I can do is telling them lies and nonsense.” </p>
<p>These are the people who are heading many companies and institutions in public healthcare and housing, and the commercial banks: Our self-appointed leaders. These gentlemen bribe notaries, lawyers, judges, and municipalities; Literaly anyone and anything that can help them in their quest to meet their targets.</p>
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		<title>Comment on Why There Is So Much Pro-War Reporting by PeterR</title>
		<link>http://www.ritholtz.com/blog/2013/05/pro-war-reporting/comment-page-1/#comment-670416</link>
		<dc:creator>PeterR</dc:creator>
		<pubDate>Sat, 18 May 2013 10:11:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93490#comment-670416</guid>
		<description><![CDATA[From President Eisenhower&#039;s farewell speech in 1961 -- 
________________________________________________
 . . . 

&quot; This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence -- economic, political, even spiritual -- is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society.

&quot;In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.

&quot;We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.&quot;

 . . . 

___________________________________________________________


Ike&#039;s speech was made in 1961, fifty-two years ago, and is well-worth a careful read, not only for its prescience and forthrightness, lo these many years later, but also for its proper grammar! 

[&quot; . . gravely to be regarded . . &quot; -- further down in the speech -- split not thy infinitives!]

Not to mention that Ike was the commanding officer for all Allied Forces in Europe in WW II, a position which empowered his pulpit certainly, and gave him supreme insight into all matters military.

Rest in Peace, Dwight David Eisenhower.

One fears your cautions have fallen on deaf ears.


http://coursesa.matrix.msu.edu/~hst306/documents/indust.html

[Section IV contains the language quoted above]]]></description>
		<content:encoded><![CDATA[<p>From President Eisenhower&#8217;s farewell speech in 1961 &#8212;<br />
________________________________________________<br />
 . . . </p>
<p>&#8221; This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence &#8212; economic, political, even spiritual &#8212; is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society.</p>
<p>&#8220;In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.</p>
<p>&#8220;We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.&#8221;</p>
<p> . . . </p>
<p>___________________________________________________________</p>
<p>Ike&#8217;s speech was made in 1961, fifty-two years ago, and is well-worth a careful read, not only for its prescience and forthrightness, lo these many years later, but also for its proper grammar! </p>
<p>[" . . gravely to be regarded . . " -- further down in the speech -- split not thy infinitives!]</p>
<p>Not to mention that Ike was the commanding officer for all Allied Forces in Europe in WW II, a position which empowered his pulpit certainly, and gave him supreme insight into all matters military.</p>
<p>Rest in Peace, Dwight David Eisenhower.</p>
<p>One fears your cautions have fallen on deaf ears.</p>
<p><a href="http://coursesa.matrix.msu.edu/~hst306/documents/indust.html" rel="nofollow">http://coursesa.matrix.msu.edu/~hst306/documents/indust.html</a></p>
<p>[Section IV contains the language quoted above]</p>
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		<title>Comment on Why There Is So Much Pro-War Reporting by Willy2</title>
		<link>http://www.ritholtz.com/blog/2013/05/pro-war-reporting/comment-page-1/#comment-670410</link>
		<dc:creator>Willy2</dc:creator>
		<pubDate>Sat, 18 May 2013 08:09:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93490#comment-670410</guid>
		<description><![CDATA[1. Amen !!!!!
2. And DO NOT forget: All those military &quot;adventures&quot; abroad actually benefits the US. It&#039;s too complicated to give all the details in this limited space but one economist called Mr. Michael Hudson (www.michael-hudson.com) - in his capacity as a balance of payments expert - has written about this in his book &quot;Super Imperialism&quot;.
3. General Electric (under Jack Welch) bought NBC. In this way GE could control the way NBC was reporting on e.g. all those wars. Remember, that GE has a branch that (heavily) benefits from all that US military spending. And the Pentagon&#039;s budget has increased by about 60 to 70% since the year 2000 and stands at about $ 700 billion. And this does not include military related spending &quot;hidden&quot; in the VA, NASA, Department of Energy, State Department. Then total US military spending reaches the astounding number of $ 1 trillion. These are 1 trillion reasons to not &quot;rock the boat&quot;.
4. Even journalists have mortgages and need income to pay interest and principal on those mortgages. So, journalists have good financial reasons to not &quot;rock the boat&quot;.]]></description>
		<content:encoded><![CDATA[<p>1. Amen !!!!!<br />
2. And DO NOT forget: All those military &#8220;adventures&#8221; abroad actually benefits the US. It&#8217;s too complicated to give all the details in this limited space but one economist called Mr. Michael Hudson (www.michael-hudson.com) &#8211; in his capacity as a balance of payments expert &#8211; has written about this in his book &#8220;Super Imperialism&#8221;.<br />
3. General Electric (under Jack Welch) bought NBC. In this way GE could control the way NBC was reporting on e.g. all those wars. Remember, that GE has a branch that (heavily) benefits from all that US military spending. And the Pentagon&#8217;s budget has increased by about 60 to 70% since the year 2000 and stands at about $ 700 billion. And this does not include military related spending &#8220;hidden&#8221; in the VA, NASA, Department of Energy, State Department. Then total US military spending reaches the astounding number of $ 1 trillion. These are 1 trillion reasons to not &#8220;rock the boat&#8221;.<br />
4. Even journalists have mortgages and need income to pay interest and principal on those mortgages. So, journalists have good financial reasons to not &#8220;rock the boat&#8221;.</p>
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		<title>Comment on Why There Is So Much Pro-War Reporting by Senytp</title>
		<link>http://www.ritholtz.com/blog/2013/05/pro-war-reporting/comment-page-1/#comment-670407</link>
		<dc:creator>Senytp</dc:creator>
		<pubDate>Sat, 18 May 2013 06:05:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93490#comment-670407</guid>
		<description><![CDATA[Great article ~ Amen!! It&#039;s so obvious that a few are in control of all media. There is no more real journalism  in TV and/or other established big media distribution entities. TV news is mostly a bunch of  &#039;out of touch with current reality&#039; talking heads  ranting and spewing misinformation.  It is possible to find  real news on the internet, but most rely on TV and are woefully ill informed about what is really happening. The sad part is that those who are controlling media, and, thus, our country do not realize that they are contributing substantially to the destruction of this country and a way of life that offered hope and opportunity. Without hope and opportunity for the general populace, it won&#039;t be worth living here anymore, no matter your net worth.  Is this what they want their legacy to be?]]></description>
		<content:encoded><![CDATA[<p>Great article ~ Amen!! It&#8217;s so obvious that a few are in control of all media. There is no more real journalism  in TV and/or other established big media distribution entities. TV news is mostly a bunch of  &#8216;out of touch with current reality&#8217; talking heads  ranting and spewing misinformation.  It is possible to find  real news on the internet, but most rely on TV and are woefully ill informed about what is really happening. The sad part is that those who are controlling media, and, thus, our country do not realize that they are contributing substantially to the destruction of this country and a way of life that offered hope and opportunity. Without hope and opportunity for the general populace, it won&#8217;t be worth living here anymore, no matter your net worth.  Is this what they want their legacy to be?</p>
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		<title>Comment on Gundlach of DoubleLine Goes Prime Time by pacificbeach</title>
		<link>http://www.ritholtz.com/blog/2013/05/gundlach-of-doubleline-goes-prime-time/comment-page-1/#comment-670405</link>
		<dc:creator>pacificbeach</dc:creator>
		<pubDate>Sat, 18 May 2013 03:31:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93862#comment-670405</guid>
		<description><![CDATA[Up 2.3% YTD.]]></description>
		<content:encoded><![CDATA[<p>Up 2.3% YTD.</p>
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		<title>Comment on Succinct Summation of Week&#8217;s Event (May 17, 2013) by Joe Friday</title>
		<link>http://www.ritholtz.com/blog/2013/05/succinct-summation-of-weeks-event-may-17-2013/comment-page-1/#comment-670402</link>
		<dc:creator>Joe Friday</dc:creator>
		<pubDate>Sat, 18 May 2013 02:48:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93874#comment-670402</guid>
		<description><![CDATA[old trader,

“&lt;I&gt;Via tax increases, primarily.&lt;/I&gt;”

Quite apropos, given that the federal deficits and debt are overwhelmingly as a result of a massive decline in revenue because of numerous rounds of previous tax cuts.]]></description>
		<content:encoded><![CDATA[<p>old trader,</p>
<p>“<i>Via tax increases, primarily.</i>”</p>
<p>Quite apropos, given that the federal deficits and debt are overwhelmingly as a result of a massive decline in revenue because of numerous rounds of previous tax cuts.</p>
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		<title>Comment on Merrill Lynch: Market Analysis Technical Handbook by johnmav</title>
		<link>http://www.ritholtz.com/blog/2013/05/merrill-lynch-market-analysis-technical-handbook/comment-page-1/#comment-670401</link>
		<dc:creator>johnmav</dc:creator>
		<pubDate>Sat, 18 May 2013 02:12:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93662#comment-670401</guid>
		<description><![CDATA[Thanks so much for this - we downloaded the 2007 and 2010 versions of the documents and ran a detailed compare against both and there are no deltas outside of date changes, minor formatting and Source references under the graphics which have remained unchanged.  

Could assume that 2013 would have analogous benign changes as well.]]></description>
		<content:encoded><![CDATA[<p>Thanks so much for this &#8211; we downloaded the 2007 and 2010 versions of the documents and ran a detailed compare against both and there are no deltas outside of date changes, minor formatting and Source references under the graphics which have remained unchanged.  </p>
<p>Could assume that 2013 would have analogous benign changes as well.</p>
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		<title>Comment on Wrong Like It&#8217;s Their Job by Domby</title>
		<link>http://www.ritholtz.com/blog/2013/05/wrong-like-its-their-job/comment-page-1/#comment-670400</link>
		<dc:creator>Domby</dc:creator>
		<pubDate>Sat, 18 May 2013 01:50:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=92897#comment-670400</guid>
		<description><![CDATA[Bizarre, non-relevant comment.]]></description>
		<content:encoded><![CDATA[<p>Bizarre, non-relevant comment.</p>
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		<title>Comment on Ritholtz: “Give the Market the Benefit of the Doubt” by Barry Ritholtz</title>
		<link>http://www.ritholtz.com/blog/2013/05/give-the-market-the-benefit-of-the-doubt-and-invest-in-stocks-barry-ritholtz/comment-page-1/#comment-670399</link>
		<dc:creator>Barry Ritholtz</dc:creator>
		<pubDate>Sat, 18 May 2013 01:47:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=93910#comment-670399</guid>
		<description><![CDATA[I thought that headline was kinda funky -- note my assistant Caitlyn posted this while I was traveling -- I&#039;ll change it to something more circumspect]]></description>
		<content:encoded><![CDATA[<p>I thought that headline was kinda funky &#8212; note my assistant Caitlyn posted this while I was traveling &#8212; I&#8217;ll change it to something more circumspect</p>
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		<title>Comment on Wrong Like It&#8217;s Their Job by Domby</title>
		<link>http://www.ritholtz.com/blog/2013/05/wrong-like-its-their-job/comment-page-1/#comment-670397</link>
		<dc:creator>Domby</dc:creator>
		<pubDate>Sat, 18 May 2013 01:46:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=92897#comment-670397</guid>
		<description><![CDATA[The were out of the realm of possibility &amp; Health care costs are down dramatically, were you paying attention; and the relationship between the two is non existent. Yours is a purely partisan comment with no relationship to the story.]]></description>
		<content:encoded><![CDATA[<p>The were out of the realm of possibility &amp; Health care costs are down dramatically, were you paying attention; and the relationship between the two is non existent. Yours is a purely partisan comment with no relationship to the story.</p>
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