Category Archives: Censorship

Russian President Medvedev on Economics

The new Russian president is blaming the US for the financial melt down we are experiencing. I am not surprised by his rhetoric, after all, the Russians love claiming how bad the US is and how they have a great system (like the part about not allowing opposition voices). Although the Russian president may think he is being smart in his attacks, he is showing us a great misunderstanding of just how the markets are suppose to be working and frankly, shows us why we should not bother investing in Russia.

Here’s what he said “Failure by the biggest financial firms in the world to adequately take risk into account, coupled with the aggressive financial policies of the biggest economy in the world, have led not only to corporate losses.”

Ok, so the biggest firms in the world, yes that’s right, the world, meaning not US, so how is it the US that is to blame when these companies are allowed to do their business globally, in such places as Russia? Fact is, financial firms blew off the US a long time ago, they are “global.” Meaning, they go where the money is with no regard for national interests. The one thing I will say is that the US Fed is acting like it is in control when it is not, we should have let Bear Sterns fail, that’s called capitalism, what we are seeing is corporate welfare which I do not agree with. At the same time, we have an economy based on 70% consumer spending and we let our dollar get weak, which is about as dumb a move as you can make. But that’s impacting the domestic US market, not so much globally.

Here’s another gem from Medvedev “”No matter how big the American market and no matter how strong the American financial system, they are incapable of substituting for global commodity and financial markets.” I’d like to know what this guy is on, because even my basic finance 101 class back in high school, we learned this fact. The US is one market and one market only. Granted, I know quite a few Wall Streeters who don’t always remember this, but I don’t believe this is endemic.

So we know the new president of Russia really doesn’t have a grasp of economics, lets see what else he says. “Russia is now a global player and understands its role in supporting the global community.” I wonder if he means the part about over priced oil and causing the developing world to remain in poverty as a result while Russia becomes flush with cash at the same time. How is that supporting the global community by causing people to fall further into poverty?

Or is Russia helping us by showing us the Neo-Stalinism with their anti opposition practices and limits on investment by foreign companies in Russia? How is that being a global player? Being a global player means competing on equal terms, we invest in your country and you can invest in ours, if we can’t invest in your country meaning buying entire companies without restrictions, then you are not a global player, just a wannabe player.

So, I guess this is the new face of Russia, flush with cash and ego-economics. Yawn, forget the Russian market, with guys like this in charge they will nationalize your assets at a whim. You are better off investing in Canada, at least they play fair and they have oil too.

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Filed under Censorship, Economics, Globalization, Politics, Trade

Non US Site Shutdown for Offering Cuba Trips

So the New York Times feels it is horrible that a Brit had his sites shut down for selling trips to Cuba.  Of course the angle is free speech and the US government can’t do this, etc…  The basics are, a Brit living in Spain ran a few travel sites to Cuba on .com domains.  The US government didn’t like this and shut the sites down.  The argument is that the US government has no jurisdiction as the sites were not in the US.  But that’s wrong.

What most people fail to realize is that .com is a US domain, so the US does have rights over all the domains in the .com realm.  Doesn’t matter where that site is based, because the .com domain is managed in the US so guess what, you have a .com, doesn’t matter where you are, you are still under US law.  A lot of non US based people don’t seem to realize that .com is for the US, that other countries have their own.  Now if this Brit went with .co.uk, that’s another story, no US jurisdiction so he would be save there.  So yeah, on this one I think the government was in its rights to do what it did.  Now, was it a valuable use of tax payer money, that’s another issues all together!

 Article Link

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Filed under Business, Censorship, Globalization

Censorship Rising in Europe

Just when you thought the fascist had left Europe, along comes the Internet and filters and the “just trust us” censorship police.  In a very good cause, the police decided to filter out harmful content such as child porn.  Great, no problems with that.  However, there were no filters on the filters, essentially it was a “just trust us that we are doing the best job.”  But it was found out that the system was being abused and far from going after child porn, the police were going after people they didn’t like who had nothing to do with child porn.

 

This is really sad and the ones that lose out are the victims of child porn.  Instead of using the filters for what they were intended, to stop a very horrible crime against innocent kids, the police instead use it against people they just don’t like.  On the list were found NGO’s, journalist and non porn sites that for whatever reason, the police just didn’t like.  This is abuse of power and the real victims are the kids who the police should have been protecting but failed to do so.

 

My European friends keep telling that Europeans are so much more enlightened than Americans, one more example of how that is just a myth.  I sure hope we don’t have to bail them out again when they let another crazy dictator run amuck over there.

Article Link HERE

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Filed under Censorship, Europe, Globalization, Government, Life