our bio-vote: let the vital forces win

UBUNTU

 

massimo gramellini, Buongiorno America (La Stampa 4 nov., p.1)

 

Se vince il Nero, la crisi finirà. Se vince il Nero, ci 

sarà sempre il sole e comunque la pioggia cadrà più lie- 

ve. Se vince il Nero, la Gelmini ritirerà il decreto e spo- 

serà un maestro veramente unico, Colaninno compre- 

rà la Lufthansa, i banchieri pagheranno i mutui dei 

clienti, e gli arbitri convalideranno i gol del Toro. Se 

vince il Nero, Sabina Guzzanti ricomincerà a far ride- 

re, ma soltanto in inglese, e Carla Bruni affitterà una 

mansarda accanto alla Casa Bianca, caso mai. Se vince 

il Nero, i deboli di stomaco digeriranno anche il soffrit- 

to e i divorziati si metteranno di nuovo insieme. Se vin- 

ce il Nero, ogni impresa diventerà possibile, persino 

prendere un treno regionale in orario. Se vince il Nero, 

gli automobilisti in coda manderanno baci dai finestri- 

ni, i petrolieri faranno la raccolta differenziata e le mo- 

delle smetteranno di tenere il broncio nelle sfilate. Se 

vince il Nero, i ghiacciai ghiacceranno, i buchi dell’ozo- 

no si tapperanno e l’effetto-serra cambierà vocale, di- 

ventando affettuoso. 

Se vince il Nero, non accadrà nulla di tutto questo, 

lo so. Eppure, se vince il Nero, sarà come per lo sbarco 

sulla Luna: le vite degli uomini resteranno ferme, ma 

l’umanità avrà compiuto un passo avanti. Se poi il Ne- 

ro si rivelerà all’altezza della sua bella faccia, a cui 

ognuno impresta le proprie speranze, e sarà costretto 

dalle aspettative degli altri a trasformarsi nel primo 

statista del secolo, allora avremo vinto tutti davvero. 

Sempre che vinca, il Nero. 

 

 

Mc Cain couple: Oct. 26, Zanesville, Ohio. 

REUTERS/Brian Snyder

 

GWB ON LEAVE

First prize, Presidential, WHNPA AWARDS 2008 President George W. Bush steps into the light as he leaves the Oval Office on his way to Marine One at the White House in Washington, January 30, 2007. 

REUTERS/Jason Reed

 

 

 

 

BREAKING NEWS: ACCORDING TO INTRADE.COM, Obama’s victory is overwhelming: 364 vs. 174 votes (270 threshold). 92% chances to win.

Intrade.com predicts (Nov. 3 evening e-mail):

See realtime updates of battleground states here.

Obama is ahead in swing states Florida, Pennsylvania, Ohio, North Carolina, Virginia, Nevada, Colorado, New Mexico.

John McCain leads in Georgia, Indiana, Montana and North Dakota.

Missouri has teetered red and blue in recent days, but as of 12:00 PM ET is tilting to Obama.

Missouri is now (11 am GMT, Nov. 4) still 51% blue, 50% red.

There were critical mass mechanisms at work in US political markets these late weeks, making McCain go down as financial markets do. In Trade registered Mc Cain as predicted winner only for a short time in September. From Lehman Bros’ failure, a trend pro-Obama started and became irreversible later on.

The global recession stemming now from the financial meltdown, is at the heart of these Asymmetrical Global Elections of a US President for the post-Bush world recovery and regulation. Obama vs McCain is also a battle of generations (go to our static page on the bio-economics of Generations).

As we argue in the associated blog deeprecession, the varieties of Socialisms are at stake in the recipes for dealing with this unprecedented collapse of capitalism, essentially a BOOMERANG EFFECT – due to an excess of success of Thanato-Capitalism against its mortal enemies: the oppressed and socialisms,  wages and the working classes. This engendered a deflationary regime in most markets since from the late 1980s (Aglietta and Berrebi), and, after some boom and bust, the current collapse of global capitalism.

Basically, to make it simple, there are 2 socialisms or paradigms competing now to take the legacy of Reaganite Capitalism.

a) Bio-socialism, the one we are arguing abut and studying in this site. It starts from the vital forces and needs of people. The socialism of liberated women, unoppressed farmers, and creative classes re-appropriating their returns from innovation and cooperation.

b) Thanato-State socialism, exploiting a declining bourgeois State, until it still works, to repair the crimes and damages of rentiers, while saving them as a class (even if some managers and speculators had 2B condemned, which is not yet  in sight, by the way). This is why, in the current contest, we call its mainstream version “Financial Socialism”.

Here is a recent piece of bio-economics, from September 30 Counterpunch:

Economics, Symbiosis and Parasitoids

A Biological Walk Down Wall Street

By STEPHEN MARTIN

It will be a great mistake for the community to shoot the millionaires, for they are the Bees that make the most honey, and contribute most to the hive even after they have gorged themselves full.

So wrote Andrew Carnegie.

Of course, Carnegie was more of a Main Street millionaire than a Wall Street millionaire. His wealth came through actual Industry, the production of steel used in construction and transport. But the comparison of millionaires with the biology of bees and the making of honey can set thought along certain lines, particularly given the bloodbath in progress on Wall St and the remarkable transformation in process; from free market economy to Socialist State. (Socialism for the wealthy, that is, the poor can still have the free market and the rugged individualism of fending for self /dependants in form of debt peonage.)

Financial socialism for the wealthy = HOOD ROBIN.

Bio-socialism for the oppressed = ROBIN HOOD

Picture: from wikipedia, under GNU Free Documentation License, taken in Nottingham in 2001.

We just received this mail from Prof. Roubini, and reproduce the entire document – for its clarity, objectivity, relevance, and the emergency in which subcriminal rentiers and their Reaganite State have thrown our own lives.

Thanks, Professor Roubini Hood!

Nouriel Roubini: The world is at severe risk of a global systemic financial meltdown and a severe global depression

 

The U.S. and advanced economies’ financial systems are now headed towards a near-term systemic financial meltdown as day after day stock markets are in free fall, money markets have shut down while their spreads are skyrocketing, and credit spreads are surging through the roof. There is now the beginning of a generalized run on the banking system of these economies; a collapse of the shadow banking system, i.e. those non-banks (broker dealers, non-bank mortgage lenders, SIV and conduits, hedge funds, money market funds, private equity firms) that, like banks, borrow short and liquid, are highly leveraged and lend and invest long and illiquid, and are thus at risk of a run on their short-term liabilities; and now a roll-off of the short term liabilities of the corporate sectors that may lead to widespread bankruptcies of solvent but illiquid financial and non-financial firms.

 

On the real economic side, all the advanced economies representing 55% of global GDP (U.S., Eurozone, UK, other smaller European countries, Canada, Japan, Australia, New Zealand, Japan) entered a recession even before the massive financial shocks that started in the late summer made the liquidity and credit crunch even more virulent and will thus cause an even more severe recession than the one that started in the spring. So we have a severe recession, a severe financial crisis and a severe banking crisis in advanced economies.

 

There was no decoupling among advanced economies and there is no decoupling but rather recoupling of the emerging market economies with the severe crisis of the advanced economies. By the third quarter of this year global economic growth will be in negative territory signaling a global recession. The recoupling of emerging markets was initially limited to stock markets that fell even more than those of advanced economies as foreign investors pulled out of these markets; but then it spread to credit markets and money markets and currency markets bringing to the surface the vulnerabilities of many financial systems and corporate sectors that had experienced credit booms and that had borrowed short and in foreign currencies. Countries with large current account deficits and/or large fiscal deficits and with large short-term foreign currency liabilities and borrowings have been the most fragile. But even the better performing ones – like the BRICs club of Brazil, Russia, India and China – are now at risk of a hard landing. Trade and financial and currency and confidence channels are now leading to a massive slowdown of growth in emerging markets with many of them now at risk not only of a recession but also of a severe financial crisis.

 

The crisis was caused by the largest leveraged asset bubble and credit bubble in the history of humanity where excessive leveraging and bubbles were not limited to housing in the U.S. but also to housing in many other countries and excessive borrowing by financial institutions and some segments of the corporate sector and of the public sector in many and different economies: an housing bubble, a mortgage bubble, an equity bubble, a bond bubble, a credit bubble, a commodity bubble, a private equity bubble, a hedge funds bubble are all now bursting at once in the biggest real sector and financial sector deleveraging since the Great Depression.

 

At this point the recession train has left the station; the financial and banking crisis train has left the station. The delusion that the U.S. and advanced economies contraction would be short and shallow – a V-shaped six month recession – has been replaced by the certainty that this will be a long and protracted U-shaped recession that may last at least two years in the U.S. and close to two years in most of the rest of the world. And given the rising risk of a global systemic financial meltdown, the probability that the outcome could become a decade long L-shaped recession – like the one experienced by Japan after the bursting of its real estate and equity bubble – cannot be ruled out.

 

And in a world where there is a glut and excess capacity of goods while aggregate demand is falling, soon enough we will start to worry about deflation, debt deflation, liquidity traps and what monetary policy makers should do to fight deflation when policy rates get dangerously close to zero.

 

At this point the risk of an imminent stock market crash – like the one-day collapse of 20% plus in U.S. stock prices in 1987 – cannot be ruled out as the financial system is breaking down, panic and lack of confidence in any counterparty is sharply rising and the investors have totally lost faith in the ability of policy authorities to control this meltdown.

 

This disconnect between more and more aggressive policy actions and easings, and greater and greater strains in the financial market is scary. When Bear Stearns’ creditors were bailed out to the tune of $30 bn in March, the rally in equity, money and credit markets lasted eight weeks; when in July the U.S. Treasury announced legislation to bail out the mortgage giants Fannie and Freddie, the rally lasted four weeks; when the actual $200 billion rescue of these firms was undertaken and their $6 trillion liabilities taken over by the U.S. government, the rally lasted one day, and by the next day the panic had moved to Lehman’s collapse; when AIG was bailed out to the tune of $85 billion, the market did not even rally for a day and instead fell 5%. Next when the $700 billion U.S. rescue package was passed by the U.S. Senate and House, markets fell another 7% in two days as there was no confidence in this flawed plan and the authorities. Next, as authorities in the U.S. and abroad took even more radical policy actions between October 6th and October 9th (payment of interest on reserves, doubling of the liquidity support of banks, extension of credit to the seized corporate sector, guarantees of bank deposits, plans to recapitalize banks, coordinated monetary policy easing, etc.), the stock markets and the credit markets and the money markets fell further and further and at accelerated rates day after day all week, including another 7% fall in U.S. equities today.

 

When in markets that are clearly way oversold, even the most radical policy actions don’t provide rallies or relief to market participants. You know that you are one step away from a market crash and a systemic financial sector and corporate sector collapse. A vicious circle of deleveraging, asset collapses, margin calls, and cascading falls in asset prices well below falling fundamentals, and panic is now underway.

 

At this point severe damage is done and one cannot rule out a systemic collapse and a global depression. It will take a significant change in leadership of economic policy and very radical, coordinated policy actions among all advanced and emerging market economies to avoid this economic and financial disaster. Urgent and immediate necessary actions that need to be done globally (with some variants across countries depending on the severity of the problem and the overall resources available to the sovereigns) include:

• another rapid round of policy rate cuts of the order of at least 150 basis points on average globally;

• a temporary blanket guarantee of all deposits while a triage between insolvent financial institutions that need to be shut down and distressed but solvent institutions that need to be partially nationalized with injections of public capital is made;

• a rapid reduction of the debt burden of insolvent households preceded by a temporary freeze on all foreclosures;

• massive and unlimited provision of liquidity to solvent financial institutions;

• public provision of credit to the solvent parts of the corporate sector to avoid a short-term debt refinancing crisis for solvent but illiquid corporations and small businesses;

• a massive direct government fiscal stimulus packages that includes public works, infrastructure spending, unemployment benefits, tax rebates to lower income households and provision of grants to strapped and crunched state and local government;

• a rapid resolution of the banking problems via triage, public recapitalization of financial institutions and reduction of the debt burden of distressed households and borrowers;

• an agreement between lender and creditor countries running current account surpluses and borrowing, and debtor countries running current account deficits to maintain an orderly financing of deficits and a recycling of the surpluses of creditors to avoid a disorderly adjustment of such imbalances.

 

At this point anything short of these radical and coordinated actions may lead to a market crash, a global systemic financial meltdown and to a global depression. The time to act is now as all the policy officials of the world are meeting this weekend in Washington at the IMF and World Bank annual meetings.


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Too fit to fit in? Bio-psychology of the fat conservative voter

As the presidential run enters the decisive phases, BIO-POLITICS  come to the center of the arena in many ways:

a) subcrime is always the crime at the center of the plot: finance has exploited for years housing, a basic need

b) THE BODY OF THE CANDIDATES. A perfect body VERSUS a wrecked one.

c) Obama, too much perfect to fit into the expectations and indentification of 1/3 fat, obese Americans and 2/3 overweight. And identification, once a mechanism of romantic art, through Hollywood and the media, entered the bio-psichology of elections and voters expectations since long. Today’s, August 1st WSJ: Too Fit to Be President?

DUAL BINDING: OBAMA at the same time is required TO BE AND NOT TO BE a Nietzschean Super Man.

FT: Obama-love could hurt what it cherishes most

US presidents must be supermen who bestride the globe but must do a plausible impersonation of an ordinary guy, writes Chrystia Freeland

d) Mc Cain: a wrecked body by tortures and war, a wrecked campaign. Finding no better argument than this idiot one: “On Wednesday, the McCain campaign launched a new ad titled “Celeb” that compares Sen. Obama to Paris Hilton and Britney Spears” (wsj, quoted). “Senator McCain’s latest “inexperience” TV ad about his opponent opened with fleeting images of celeb babes Britney Spears and Paris Hilton, who likely don’t know who he is. The celebrity link was a leap that fell flat.” (wsj August 1, editorial: Obama’s Bad Turn).

e) Question: how many neurons are connected in McCain’s brain? Here is the answer, from an above suspect source, such a hardliner conservative bastion as WSJ: HARDLY ANY NEURON. Is John McCain Stupid? By Daniel Henninger.

On Sunday, he said on national television that to solve Social Security “everything’s on the table,” which of course means raising payroll taxes. On July 7 in Denver he said: “Senator Obama will raise your taxes. I won’t.”

This isn’t a flip-flop. It’s a sex-change operation.(..)

t’s not just taxes. Recently the subject came up of Al Gore’s assertion that the U.S. could get its energy solely from renewables in 10 years. Sen. McCain said: “If the vice president says it’s doable, I believe it’s doable.” What!!??

… Sen. McCain called Nancy Pelosi an “inspiration to millions of Americans.” Notwithstanding his promises to “work with the other side,” this is a politically obtuse thing to say in the middle of a campaign. (…)

Yes, Sen. McCain must somehow appeal to independents and blue-collar Hillary Democrats. A degree of pandering to the center is inevitable. But this stuff isn’t pandering; it’s simply stupid.

(..) Why .. shouldn’t the Obama camp exploit all of this? If Sen. Obama’s “inexperience” is Mr. McCain’s ace in the hole, why not trump that by asking, “Does Sen. McCain know his own mind?”

 

f) ICE CREAM are the Presidential test, and Obama didn’t pass it yet. Innocent Shasha Obama says the bare  truth: there is something anti-bio, deeply in-natural in all this comedy. WE ALL SCREAM FOR ICE CREAM. WHY SHOULD PAPA NOT ICE SCREAM? WSJ:

On a campaign stop in May at Lew’s Dari-Freeze in Milwaukie, Ore., Sen. Obama’s wife, Michelle, and their two daughters ate ice-cream sundaes and onion rings, while Sen. Obama grinned for the cameras and swirled a spoon around in his quickly melting ice-cream concoction, taking only a few nibbles.

During a July family appearance on “Access Hollywood,” Sen. Obama’s 7-year-old daughter, Sasha, revealed that her dad doesn’t like ice cream or sweets. “Everybody should like ice cream,” she said.

g) AS IF THE CONTRAST ENERGY-YOUTH versus  OLD & IDIOT was not enough, Vanity Fair yearly competition for Best Dressed has irrupted into the electoral campaign. Underlining a bio evidence which was under the table until today: Michelle is just beautiful,  her elegance is superb. We might have under-valued the incoming First Lady. This is the  odd of bio-politics: Vanity Fair has altered the whole  balance of power, by just registering a matter of fact.  http://www.telegraph.co.uk/news/newstopics/uselection2008/barackobama/2481736/Michelle-Obama-hailed-as-fashions-first-lady-by-Vanity-Fair.htm   By Melissa Whitworth:

Keren Eldad, New York fashion manager of the Los Angeles Times, said: “McCain’s style is like the political style of her husband: conservative and outdated. It screams ‘safety’ and escapes any nod to change, to risk, or to bravado. She may throw on a tailored leather jacket every once again, but through her pearls and all that hairspray, can we really detect any semblance of inspiration? Of fun?

“Obama, on the other hand, gets it. She IS a modern woman, she has fun with fashion, she embraces life with fury and grace – making apparel choices so varied, that time and again signal this woman never sees anything in life as constant. That’s change. And that is the essence of what fashion is all about”.


zapiro’s 9\11 first anniversary cartoon