Can't Lose What you Never Had

Merill Lynch tshirt. And you thought you had money.


Thought I had a 100 million with Bernie Madoff;
The bubble busted, people ain't that sad;
They singing the blues at Yeshiva University;
Bernie Madoff really fooled them bad;
But, you can't spend the cash that you ain't got;
Can't lose what you never had;

(spoof, Gregg Allman song)

No, you can't lose what you never had. Harlem boys and girls know that, but what about our neighbors at Yeshiva University in Washington Heights, NY? They thought they lost $110 million, but say now that they lost only $14 million. The rest were fictitious profits.

On top of the huge losses of Ezra Merkin's hedge funds, you have still bigger fictitious profits. After all if you think that you are making 14-percent a year profits, your money will double in five years, or even 10-percent, your money will double in 7-8 year.

Now that Ezra Merkin is the chairman of GMAC, so-called financial arm of GM, the US Government is bailing him out. How much cash went to the black hole of Mr. Madoff?

Should have listened to Larou.

Personalized Gifts for Harlem Holidays

We are already between Christmas Day and New Year's Day, but there is still time to order personalized holiday giftss for your Harlem and Bronx, happy holidays. Start with personalized thumb drives. This neat computer storage devices are about the size of your thumb, with up to 16 GB storage capacity. You can have them directed things like "Harlem Home Girl" or perhaps on the standard list "#1 Teacher." These are pretty gifts and they start at only $7.99 after discount. This way you can get useful gifts for the computer nerds in your life that are always switching from their desktop to their home laptop, and then to some computer at school or the office. Perhaps they are monitoring the commercial real estate market, and the situation with Forest Ratner and Blumenfeld, BDG Developers. No matter, this will do the job.

Personalized pens, with laser inscribed writing on them will always do the job, whether it is a clever slogan, or someone's name. Get these, with the engraved text, starting at only $1.59.

Business Card Flash Drives are really neat and a very suprising gift. You think that it is a business card, but it has a USB cable and 2GB capacity of storage, and on the front sign you can put your three lines, whether someone's name address and phone number or three lines of the neatest doggerel poetry. After the discount, these cute gifts start at $15.99, such a deal. Or you can order wooden USB FLASH DRIVES, which is bound to impress the greenie set, with a design, and cap, and two sides of custom engraving, coming in 2GB and 4 GB storage sizes, for the computer nerd in all of us. The two-sided engraving is free, and the price starts at a wee amount of $15.99. So happy Christmas, Hanukah, Kwanzaa, and Harlem and Bronx cruising for a bruising!

East River Plaza, Blumenfeld and Ratner

Yes, the crash is on. Blumenfeld is a partner in the East River Plaza megaproject, and he lost a lot of money in the Madoff Investments. And it goes out from there, because Blumenfeld Developers Group, BDG, is partners with Forest Ratner in the East River Plaza project. Forest Ratner in turn is involved in real estate development projects in Brooklyn, like Brooklyn Yards, a mega-project. Forest Ratners is building things from Henderson Nevada to Redondo Beach, California. So the chain reaction of the Ponzi scheme is now going into reverse leverage. Shoulda listened to Larouche, Harlem brother man.

Harlem and Real Estate and Obama

President-elect Obama, assuming he can be protected and survive to and through his inauguration and beyond, has a big choice before him. We need the new Bretton Woods and the four powers agreement, us in the Bronx and Harlem. We can make it happen.

The reason I believe, is that in the British Ideology of the Free Enterprise System, all decisions by investors, consumers, buyers, sellers, etc. are based on greed. The little man is intent on avoiding pain and getting pleasure. This is sick and wrong, because a nation-state presupposes, as in the US Constitution, that the system, including the financial system is run for the general welfare of the population. Welfare as in well-being of us and our next generation.

If everything is based on greed, then national governments cannot do anything to improve the system. They must instead bail it out and continue this insanity.

If LaRouche is right and the British system is only a game by a greedy oligarchy that would be happy to destroy nations, including the United States, then the system can be put into bankruptcy and reorganized, with the help and cooperation of four major powers.

The key question is intention. The real estate bubble can be reorganized so that real estate is again about places to live and work, not running a financial bubble. And so forth. Harlem is being hit with the now collapse of the commercial real estate bubble. Projects such as East Harlem River Plaza are on hold, cause the magic money machine has turned off.

So, are you a British pagan, in the tradition of Babylon, Rome, the Hapsburg Empire, and every other greedy empire? Or will you fight for the United States, India, Russia and China, and soon France, Germany, Brazil, and so on, for a bankruptcy reorganization for the general welfare? Harlem and Bronx boys and girls know that free enterprise can mean drugs, degradation and slavery.

Will Obama Pull It Out?

Obama seems to be putting together a Presidency that is thinking like acting like Franklin Roosevelt did. We are one month away from the historic inauguration of the new President, Barack Obama. We do not know what financial and real estate collapse horrors we will face then. Check out the Larouchepac website, which is being continually expanded. Every day there will be new video TV features. This may be the way to save Harlem, the Bronx, New York and the Obama people nation. The world will be reported in real time. For the next month of fantasy especially, you will have a news blackout.

East Harlem Real Estate Project Hit

The word is that the East River Plaza project,in East Harlem, along the FDR Drive, has taken a hit, because the developer, Edward Blumenfeld Company, lost many millions in the collapse of Bernard Madoff's investment firm. This is where commercial real estate in New York is taking a hit.That is the guy's collateral. Says the NY Times :

There are widespread concerns that some developers will have trouble completing projects currently under construction. Edward Blumenfeld, who runs Blumenfeld Development Group, had invested heavily with Mr. Madoff and considered him a friend. Gary Lewi, a spokesman for Mr. Blumenfeld, said he still planned to complete a shopping complex in East Harlem that is to include a Target and a Costco, as well as several other projects where construction is “in the ground.”

Guess what, where that leaves Harlem and the Bronx too, across the river? We are going to have big ghosttown projects, like the disgusting Newark New Jersey "Renaissance Mall" on Broad St., that has been sitting for years, deserted.

Compare Your Cell Phone

Cell phones are a necessity of life for the average Harlem or Bronx, NY homeboy or girl today, including myself. I like my Nokia 5310 Xpress Music, though it has a couple of glitches that I haven't figured out yet. Now there is a new website called acobay where you get to compare your stuff with other people. Maybe you will get an idea of how to improve your stuff and make it better. Or maybe, you can buy something else to replace your stupid, degenerate inadequate stuff. It all depends on how you feel about it.

In any case, I just registered as a member of Acobay.com, as my friends suggested and I will give you a link to my Nokia 5310 Xpress Music phone that I posted, which happens to be my cell phone.

I thought that I could network with other people who own this product, but I have not been successful in doing this yet. First I posted the Nokia 5310, but perhaps I should be more general and just post, Nokia, or even just post cell phone.

I put my Compaq computer, SR1820NX up on their site too. Nothing has happened yet. I guess I have to wait a while for the site to be developed, it is in the BETA phase for real. A lot more work will have to be done to this site, so people can use it in a networking sort of way.

Targetting of Charles Rangel in NY

Charles Rangel, the long sitting Congressman from Harlem NY has become a major target of the local and national financial oligarchy. Perhaps he has not worshiped the ground rent collecting interests of the real estate mob enough. Or he has not wanted to bail out every single bank in existence, every single time. He has been in Congress for a long time and knows a lot, so he is not a new idiot. For that reason, and others he is hated, and is a target of the continuing efforts of Operation Fruehmenschen, the old operation of the FBI from the 1950s. Meanwhile, in Boston, prominent Afro-American politicians Chuck Turner and Diane Wilkerson have already been indicted. These are some of the supporters of LaRouche's Home Owner and Bank Protection Act. Coincidence?

Harlem to London, on the Terror question

Outside of threatening landlords trying to kick out their rent-control tenants, there is not much terrorism in Harlem NY. That could change is a certain export from London gets here. Now that the real estate bubble is collapsing, the landlording, physiocratic British oligarchy is moving towards a strategy of tension.

Michael Scheuer, a former CIA operative who has written several books on Al Qaeda and has made a name for himself on the lecture circuit since leaving the Agency, recently gave an overview of the various terrorist threats developing in different parts of the world. He warned of the growing danger of terrorism in Londonistan. However, it seems to be a terror capability, in London, mainly for export? Is it heading towards New York?

The Time to Hesitate is Through

Yes we need Papa Obama is to give us the bankruptcy reorganization for Christmas, the New Bretton Woods. Like Jose Feliciano, a living legend, sang from the Doors song:

The time to hesitate is through. We need that New Bretton Woods. Darlings we can only lose. And the economy become a funeral pyre. The time for bankruptcy is here. The bubble is gone do not fear. Do it for a Happy New Year. Ummm Ummmmm.

And go see Jose Feliciano at the Bronx, and close to Harlem, Lehman College Theater, Bedford Blvd stop on the #4 train, on Sat. 8pm. on December 13.

Feliz Navidad.

Say a Word for O.J. Simpson

Say a word, for O.J. now,
What he did, we can't say or how,
They threw him back in the jail;
He's going there, without hope or bail;

He was desperate, for some trophies of old;
Whatever it was, he was way too bold;
Went from a harried star, to down in the hole;
That's all I can say, from what I've been told;

Oh, sweet nothing, You know, he ain't got nothing at all.
Oh, sweet nothing, What a spectacle, what a big fall.

(Poem from Harlem face)

photo from Black Sentinel (link)
http://theblacksentinel.wordpress.com/2007/09/15/oj-simpson-what-else-can-i-say/

Old LPs, any Jose Feliciano?

There is a very rare and precious old record collection, from 991,com that is going up for sale. This is known as the Weston Taylor Collection. This includes real Hollywood musicals and film scores and then goes all through the freaky fun of acid rock and soul of the 1960s, up till Mr. Weston Taylor's death in 1975. Oddly enough, fun people in the Bronx and Harlem have the chance to see a living legend, Jose Feliciano, at the Lehman College Arts Center, on Saturday 8 pm on December 13th, a real living legend. Jose Feliciano had his big hit in the early 70s I think with "Light My Fire," a cover from the Doors Hit of the same name. Since Jim Morrison, the iconic lead singer of the Doors died in 1971, that was way back.

Of course, these days, everybody has CDs and digital music on your iPod, and your imitation iPod MP3 player. Many people still claim that the sound from the LPs and 45 records, that is, vinyl, is warmer and fuller than digital. It's like the difference between an analog computer, based on a physical process, and a digital computer, which is only approximations to an ever-changing curve. In any case, the feel of a real record and album jacket is great. And nice record players are on sale in many locations, including drug stores, and big box stores, for fairly low prices.

Obama, Stop Worshipping Money

We are getting closer to the inauguration, and soon, if we can make it till then, Super Obama Man will have to deliver. Mr. O. needs to understand that money is only a means of exchange, it has no intrinsic value. We need ruthless enforcement against freedom for speculative forms of financial-capital movements if the nation, the hood, Harlem and the Bronx are to survive.

There is no way that money values could come kinematically into functional correspondence with human values. Forecasting, in which LaRouche has the best record of anyone so engaged, must be approached in terms of physical-capital and science-technological factors, not statistical theories. That is why trying to save the financial bubbles of derivatives is lunacy.

Money-values must be regulated within reasonable ranges of estimates; such systems are called protectionist systems. People who think only in terms of buying and selling today, are ignorant of the decisive role of long-term capital improvements in production and basic economic infrastructure. That is the only thing that will save the Harlem Home boy and girl's butts.