Archive for the ‘HUFF YOU!’ Category

BLOOMBERG vs. The Stylishly Impoverished

Sunday, March 9th, 2008

bloomie

“I shut ’em down, shut ’em, shut ’em down”

The counterfeiting community in NYC shudddered last week when Mayor MIKE BLOOMBERG trained his bootlegging bloodhounds on a specific location in Chinatown. This building has been targeted previously by the authorities that regulate the counterfeit trading here in the city. Chinatown as a whole, or particularly Canal Street is regarded as the place where you can come up so some of the most well made non-licensed goods that a little money can afford.

There are several diifferent levels that counterfeit, or non-licensed goods can take depending on the factory that the products originate from. Some non-licensed products are actually created at the very factories where the flagship items are made, but they haven’t passed the requisite quality control processes enabling it to be offered in the flagship retail location. These products wind up following another distribution channel.

At the end of the day there are millions of items flowing through these channels. I’m not talking about poorly constructed knockoff pieces either. I’m talking about shit that us middle-class aspiring working class people love to consume. I have a LV duffel bag that is as sharp as a harp. I’ve had it for seven years already and the bag’s exterior hasn’t cracked nor have the zipper closures broken or jammed. The bag cost me $40 bucks in a warehouse on Elizabeth Street off Canal. This bag was the only way that someone like me could afford to look as classy and stylish as someone who has an actual bank account. When I rocked that travel bag with my minks at the All-Star Weekend events in Philly I was a Team Chickenhead All-Star.

minks

True story is that was important to me too. Consuming these products are important to lots of working class and even lower class people who aspire to one day make the transfer to upward class mobility. It’s a lot easier to own a non-licensed designer suitcase than it is to actually achieve the move upwards. As a matter of fact, having the bag allows me to delude myself about my true impoverished status. The mayor is really targeting the designer dreams of poor people when he claims he has an ongoing war on counterfeiters.

There is always this movement to target the point of sale for materials that are considered illicit instead of focusing on the manufacturing, distribution and delivery systems that make these things available. Ultimately, the small sunshine on the quality of life that poor people enjoy is replaced with the dark clouds of interdiction and law enforcement. No matter how the NYTimes spins shit I recognize that the one battle we will always fight will be the war against the poor.

DOLLAR, DOLLAR BILL Y’ALL…

Wednesday, March 5th, 2008

linkin

Editor’s note: With the cRap Music Fantasy league stuck in a stalemate this fiscal quarter, El Gringo Colombiano antes up his $.02 to save the US economy from itself.

In reading Paul Craig Roberts’ article ‘Obama & Global Trade‘, I came across the best idea I ever heard in balancing the US Trade Deficit, from a 2003 essay by Warren Buffet, which highlights Buffet’s idea of Import Certificates.

You see the United States has been in a trade deficit since 1971, with over $100 billion annual deficits in most years since 1984. Not surprisingly, G Dubbz has made the situation 2x worse, with the then record deficit of $379 billion in 2000 mushrooming to upwards of $700B in each of the last three years.

Some smart-dumb economists say a perpetual trade deficit is good. But I never got that memo along with some economists and non-economists with COMMON SENSE who also share my view. How can any economic entity be operating at a loss for 37 consecutive years?!

An individual, or family cannot operate at a loss for more than a few years without wiping out their savings, going deep in debt, and subsequently being forced to declare bankruptcy.

Even in the info-tech, dot-com boom (circa 1996) startup companies could not operate at a loss for more than say 5 years without going bankrupt, or being acquired by a competitor for a deep discount.

Fortune 500 companies can’t lose money for more than a few quarters without massive layoffs and CEO/mgmt team firings.

Even soverign countries, like Argentina, are never allowed to do this. The US gets away with it, since the US dollar is the global favorite reserve currency of our main exporters, such as China and the Arab Oil exporters like Saudi Arabia.

I would like the smart-dumb economists who favor these perpetual deficits to point out ANY example of ANY economic entity (person, company, or country) that operated at a loss for 37 consecutive years, in ALL OF WORLD HISTORY. I doubt it’s ever happened!

Eventually, the US will have to do one(1) or more of the following problematic actions to balance the trade deficit…

  • 1. Use tariffs to make the US a primarily domestic economy
    Problem: The government has to pick & choose which products and, or industries to protect. The way the US political system in recent years has been dominated by special interests, there’s the likely chance this process will be corrupt and far from optimal for the US economy.
  • 2. Pick a few cutting edge high-tech industries, such as genomics, green energy equipment, nanotechnology, etc, that the US might try to be a global export leader in and subsidize those industries heavily in the hopes that these exports will balance out the imports
    Problem: It may be impossible to create enough exports from a few such industries, because the labor cost advantage of ChIndia. Plus ChIndia’s increasing ability to innovate in high-tech markets by itself.
  • 3. Deflate the US Dollar to make US exports more competitive and US imports more costly
    Problem: Duhh! The obvious! This will cause serious inflation and will become an overt tax on most US Citizens, since most of us US citizens’ assets are 100% invested in dollar related assets such as a home, US stocks, & USD’s themselves in Certificates of Deposits, money market accounts and plain ol’ passbook savings accounts. Personally, I don’t want my dollars to be worth say .5 as much 5 years from now since they have already become significantly weaker during the G Dubbz regime.
  • IMHO, Buffet’s idea of Import Certificates is superior to these actions and any other idea I’ve heard thus far. The gist of Import Certificates goes like this…

  • 1. To import “stuff” (goods or services) in the US, you need to buy an Import Certificate
  • 2. Import Certificates will be limited to the amount of exports, hence balancing the US trade deficit
  • 3. US Exporters will be given Import Certificates equal to the amount of stuff they export, which they can sell in a liquid financial market like stocks
  • The effect will be that US Exporters will be encouraged and US Importers will be discouraged.

    Import Certificates will work like a tariff, however the “invisible hand of the free market” will decide which “stuff” gets tariffs.

    Which jobs will come back to the US? Clothing manufacturing or software engineering? The Fed Gov’t will not decide it, but the market will, based on the marginal utility of having to pay X% of the cost of their stuff for Import Certificates.

    I think one immediate effect of this policy will be to help the rural American economy. I also imagine that US corporations won’t offshore the call center to India because they can’t afford the Import Certificates. Yet on the other hand they can’t afford the labor cost of an Atlanta or a Dallas. Their solution: Put their customer service center in the economically devastated Flint, Michigan.

    I really hope Barack Obama gets elected and brings in Buffet as Treasury Secretary to implement the Import Certificate policy.
    -EGC

    POLITRICKS 2008: Don’t Call It A Comeback…

    Wednesday, March 5th, 2008

    oballary

    How long is America going to stand by while this BARACK OBAAMA beats up on HILLARY CLINTON? I’ve been half expecting her to yell out “Rape!” in her desperation for delegates.

    Watching ’60 Minutes’ the other evening disgusted me. Do you realize some people think that come November they will have a choice between OBAAMA, McCAIN and CLINTON!?!

    That is all.

    Carry on.

    President’s Day Podcast…

    Monday, February 18th, 2008

    sieg howdy

    Wishful thinking on my part…


    The Honey Drippers


    Saigon, dead prez & Immortal Technique

    POLITRICKS 2008: Super Delegates And Detention Centers…

    Thursday, February 14th, 2008

    chaingang

    I learned a little something about the Democratic Party “Super Delegates” the other day. These dudes are essentially where the buck stops when the party decides to nominate their presidential candidate. The Super Delegates make up forty-percent(40%) of the total that a candidate needs in order to secure the party nod. You could theoretically have more delegates in your corner, but if you have less Super Delegates down with you then you get no soup. The Super Delegates system was inserted by the Democrats in order to stabilize the power of the party’s centrist, elitist establishment. Super Delegates are what seems to me to be the return to backroom deal making politricks.

    Another interesting set of informational figures has passed through my inbox via my Editor-in-Chief, C.S. There hasn’t been too much rhetoric from the Democratic candidates on what they intend to do with America’s burgeoning prison industrial complex. The rapid manufacturing de-industrialization of America has proportionately filled the jails. Incidentally, more African Americans were imprisoned under the Clinton Administration than any previous two term presidency, including G DUBBZ. I wonder if MAYA ANGELOU realizes that when the caged bird sings it speaks the CLINTON’s names?

    Take a look at the essay here on BlackAgendaReport.com via AlterNet.

    2008’s Ten Worst Places to Be Black

    What I would like to know is how the fuck Iowa locks up 13.59 Black people for every single white in the state, yet Blacks comprise only 2% of the states population?!? BARACK OBAAMA won the Iowa primary too. I guess voters in the hawkeye state were just happy to see a Black that they weren’t incarcerating.

    Wisconsin is another state that locks up Blacks to the tune of over 10 to 1 over whites. So if you aren’t playing for the Green Bay Packers or attending Wisconsin U. your Black ass is going to the hoosegow. OBAAMA’s also got the delegate lead in Wisconsin as well.

    Colorado and Kansas both lockup about 7 Blacks for every white which makes me think of these states as downright progressive when compared to Iowa. Lo and behold that OBAAMA has pwned the delegate count in both these states. In Colorado, OBAAMA leads CLINTON 37-17 and in Kansas his edge is slightly greater at 26-10. Colorado and Kansas are both typical red states that usually support conservative leaning social policies. I wonder how it has been that OBAAMA has translated into a viable candidate for these voters? Maybe the mainstream media’s description of these constituencies has been wrong all along. Kansas stand up. Even though you put your entire Black population in jail you’re still liberal minded voters.

    CNN.com Election Center 2008 Primaries and Caucuses

    What really blew my mind was how the BlackAgendaReport study knocks the doors off the idea that the southern states are worse for Blacks when they are within the justice system.

    STATE – BLACK-WHITE DISPARITY
    New Jersey – 13.15 to one
    Connecticut – 12.77 to one
    Minnesota – 12.63 to one
    Pennsylvania – 10.53 to one
    New York – 9.47 to one

    Guess what? If you are going through the justice system in the New York tri-state area then your ass is fucked the fuck up. Philadelphia and Pittsburgh make Pennsylvania pretty bad for Blacks too. Plus Minnesota?!? Where the hell does Minnesota get all these Black people to incarcerate? Can you imagine a prison in Minnesota being filled with felons all dressed up like Prince? [ll].

    chaingang