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Politics, society, and why everything is going to hell. - Page 3

post #41 of 1242
Thread Starter 

Our Nation's Future

By Walter E. Williams

5/30/2012

 

Our nation is rapidly approaching a point from which there's little chance to avoid a financial collapse. The heart of our problem can be seen as a tragedy of the commons. That's a set of circumstances when something is commonly owned and individuals acting rationally in their own self-interest produce a set of results that's inimical to everyone's long-term interest. Let's look at an example of the tragedy of the commons phenomenon and then apply it to our national problem.

 

Imagine there are 100 cattlemen all having an equal right to graze their herds on 1,000 acres of commonly owned grassland. The rational self-interested response of each cattleman is to have the largest herd that he can afford. Each cattleman pursing similar self-interests will produce results not in any of the cattlemen's long-term interest -- overgrazing, soil erosion and destruction of the land's usefulness. Even if they all recognize the dangers, does it pay for any one cattleman to cut the size of his herd? The short answer is no because he would bear the cost of having a smaller herd while the other cattlemen gain at his expense. In the long term, they all lose because the land will be overgrazed and made useless.

 

We can think of the federal budget as a commons to which each of our 535 congressmen and the president have access. Like the cattlemen, each congressman and the president want to get as much out of the federal budget as possible for their constituents. Political success depends upon "bringing home the bacon." Spending is popular, but taxes to finance the spending are not. The tendency is for spending to rise and its financing to be concealed through borrowing and inflation.

 

Does it pay for an individual congressman to say, "This spending is unconstitutional and ruining our nation, and I'll have no part of it; I will refuse a $500 million federal grant to my congressional district"? The answer is no because he would gain little or nothing, plus the federal budget wouldn't be reduced by $500 million. Other congressmen would benefit by having $500 million more for their districts.

 

What about the constituents of a principled congressman? If their congressman refuses unconstitutional spending, it doesn't mean that they pay lower federal income taxes. All that it means is constituents of some other congressmen get the money while the nation spirals toward financial ruin, and they wouldn't be spared from that ruin because their congressman refused to participate in unconstitutional spending.

 

What we're witnessing in Greece, Italy, Ireland, Portugal and other parts of Europe is a direct result of their massive spending to accommodate the welfare state. A greater number of people are living off government welfare programs than are paying taxes. Government debt in Greece is 160 percent of gross domestic product. The other percentages of GDP are 120 in Italy, 104 in Ireland and 106 in Portugal. As a result of this debt and the improbability of their ever paying it, their credit ratings either have reached or are close to reaching junk bond status.

 

Here's the question for us: Is the U.S. moving in a direction toward or away from the troubled EU nations? It turns out that our national debt, which was 35 percent of GDP during the 1970s, is now 106 percent of GDP, a level not seen since World War II's 122 percent. That debt, plus our more than $100 trillion in unfunded liabilities, has led Standard & Poor's to downgrade our credit rating from AAA to AA+, and the agency is keeping the outlook at "negative" as a result of its having little confidence that Congress will take on the politically sensitive job of tackling the same type of entitlement that has turned Europe into a basket case.

 

I am all too afraid that Benjamin Franklin correctly saw our nation's destiny when he said, "When the people find that they can vote themselves money, that will herald the end of the republic."

Walter E. Williams

Dr. Williams serves on the faculty of George Mason University as John M. Olin Distinguished Professor of Economics and is the author of 'Race and Economics: How Much Can Be Blamed on Discrimination?' and 'Up from the Projects: An Autobiography.'
post #42 of 1242
Thread Starter 

When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook


Posted: 29 May 2012 03:53 PM PDT

The Economic Collapse blog

 

 


Warren Buffett once said that derivatives are "financial weapons of mass destruction", and that statement is more true today than it ever has been before.  Recently, JP Morgan made national headlines when it announced that it was going to take a 2 billion dollar loss from derivatives trades gone bad.  Well, it turns out that JP Morgan did not tell us the whole truth.  As you will see later in this article, most analysts are estimating that the losses will eventually be far larger than 2 billion dollars.  But no matter how bad things get for JP Morgan, it will not be allowed to fail.  JP Morgan is the largest bank in the United States, so it is essentially the "granddaddy" of the too big to fail banks.

 

  If JP Morgan gets to the point where it is about to collapse, the U.S. government and the Federal Reserve will rush in to save it.  Because of this "security blanket", banks such as JP Morgan feel free to take outrageous risks.  Today, JP Morgan has more exposure to derivatives than anyone else in the world.  If they win, they win big.  If they lose, U.S. taxpayers will be on the hook.  Not only that, but thanks to Dodd-Frank, U.S. taxpayers are on the hook for bailing out the major derivatives clearinghouses if there is ever a major derivatives crisis.  So when the derivatives market crashes (and it will) you and I will be left holding a gigantic bill.


Derivatives almost caused the complete collapse of insurance giant AIG back in 2008.  But instead of learning our lessons, the derivatives bubble has gotten even larger since that time.


A Bloomberg article that was published last year contained a great quote from Mark Mobius about derivatives....


Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved.


“There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius said at the Foreign Correspondents’ Club of Japan in Tokyo today in response to a question about price swings. “Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”


Never in the history of the world have we ever seen anything like this derivatives bubble.


But instead of getting it under control, we just allowed it to get bigger and bigger and bigger.


Now JP Morgan is in quite a bit of trouble.  A recent Daily Finance article summarized how JP Morgan got into this mess....


Bruno Iksil, a trader working in the bank's London office, placed a massive bet in the derivatives market. Derivatives "derive" their value from the value of an underlying asset, like stocks, bonds, currencies, or a market index. The specific type of derivative used in Iksil's bet was a credit default swap index, known as "CDX.NA.IG.9."


CDX.NA.IG.9 tracks a basket of corporate bonds. Iksil's positions on the index were so big (one report put it at $100 billion) that they were moving the market and interfering with other traders' positions. These annoyed traders -- hedge-fund managers -- dubbed Iksil "the London Whale" for his outsize bets.


So if the real number isn't 2 billion dollars, how much will JP Morgan eventually lose?


Morgan Stanley says that the losses could eventually reach 5 billion dollars.


The Independent is reporting that the losses could eventually reach 7 billion dollars.


One author featured on Zero Hedge suggested that the losses could ultimately reach 20 billion dollars....


Simple: because it knew with 100% certainty that if things turn out very, very badly, that the taxpayer, via the Fed, would come to its rescue. Luckily, things turned out only 80% bad. Although it is not over yet: if credit spreads soar, assuming at $200 million DV01, and a 100 bps move, JPM could suffer a $20 billion loss when all is said and done. But hey: at least "net" is not "gross" and we know, just know, that the SEC will get involved and make sure something like this never happens again.


The truth is that nobody really knows.  Everybody agrees that the losses will likely far exceed 2 billion dollars, but the real extent of the crisis will not be known until the trades play out.


According to the Huffington Post, JP Morgan recently sold 25 billion dollars of profitable securities to raise some cash.  The profit on the sale of those securities will be somewhere in the neighborhood of a billion dollars.


A billion dollars will help, but it will not be nearly enough.


Many are interpreting this move as a sign of panic by JP Morgan.


Meanwhile, JP Morgan CEO Jamie Dimon continues to do quite well.  In fact, his 23 million dollar pay package was recently approved by shareholders at an annual meeting.


Wouldn't you like to do your job badly and still make 23 million dollars?


Right now, JP Morgan is essentially in a "staring contest" with those on the other side of the derivatives trades that went bad.  This "staring contest" was described in a recent CNN article....


It's clear from public data filed with The Depository Trust & Clearing Corporation that JPMorgan Chase hasn't sold any of its positions yet. The DTCC tracks trading activity and sizes of positions on the IG9 and other indexes, and there haven't been any big moves since last week.


"Whatever the size was, it's clearly not something that you can call one or two dealers and sell," said Garth Friesen, a co-chief investment officer at AVM, a derivatives hedge fund that's not involved in these trades.


As soon as it becomes clear that JPMorgan Chase is unwinding its position, it will be obvious to players on every major trading desk. Hedge funds will immediately start piling into that index and buying protection, driving up the bank's losses.


Until then, it won't cost the hedge funds much to sit and wait.


JP Morgan is desperately hoping that the markets move in their favor.


If the markets move against JP Morgan in a big way it could potentially be absolutely catastrophic for the biggest bank in America.


An excerpt from an email that Steve Quayle recently received from an anonymous international banking source contained some chilling analysis of the situation....


The derivative market that JPM plays in is the CDX.NA.IG.9, when factions within their London office (London Whale) made overly leveraged swaps, hedge funds smelled blood and so did a few banks. You see any moves that JPM does here on out exposes their weakness further. Which they can not afford any more exposure thus they are not buying back any more shares which is the equivalent of cutting an artery in a pool full of sharks. The strategy they are taking right now is to sit through the storm and ride it out as they can do nothing else for any action will make them even more vulnerable. They can not absorb hits in both JPM SLV and CDX.NA.IG.9. Inactivity is not something they want to do it is something they have to do. There is no other choice for them.


So what will happen if JP Morgan loses too much money?


Well, it will beg the U.S. government and the Federal Reserve for money and the U.S. government and the Federal Reserve will comply.


There is no way that they are going to let the largest bank in America fail.


In addition, as I mentioned earlier, Dodd-Frank has put U.S. taxpayers on the hook for future bailouts of derivatives clearinghouses.  This was detailed in a recent Wall Street Journal article....


Little noticed is that on Tuesday Team Obama took its first formal steps toward putting taxpayers behind Wall Street derivatives trading — not behind banks that might make mistakes in derivatives markets, but behind the trading itself. Yes, the same crew that rails against the dangers of derivatives is quietly positioning these financial instruments directly above the taxpayer safety net.


One of the things that Dodd-Frank does is that it gives the Federal Reserve the power to provide "discount and borrowing privileges" to derivatives clearinghouses in the event of a major derivatives crisis.


This is what our politicians love to do.


They love to have the U.S. taxpayer guarantee everything.


Our politicians look at us as one giant insurance policy.


Apparently they believe that if anything in the financial world goes wrong that U.S. taxpayers should be the ones to clean up the mess.


But will we really have enough money to bail everyone out when the derivatives market crashes?


Today, the 9 largest banks in the United States have a total of more than 200 trillion dollars of exposure to derivatives.


That is approximately 3 times the size of the entire global economy.


The U.S. government is already nearly 16 trillion dollars in debt.


How in the world can we afford to keep bailing out the huge messes that Wall Street makes?


Sadly, most Americans have no idea how vulnerable our financial system really is.


It is a poorly constructed house of cards that could come crashing down at any time.


If you still have faith in our financial system you are being quite foolish and you will soon be bitterly, bitterly disappointed.

post #43 of 1242
Thread Starter 
Quote:
Originally Posted by split710 View Post

 

 

Next month, an additional 70,000 people will lose benefits earlier than they presumed, bringing the number of people cut off prematurely this year to close to half a million, according to the National Employment Law Project. That estimate does not include people who simply exhausted the weeks of benefits they were entitled to.
 

 

So....as this number gets bigger and bigger....Obama will 'ride to the rescue' in the fall....extend them again...and get their votes...just watch.

post #44 of 1242
Thread Starter 
Quote:
Originally Posted by mjr780 View Post

 

Will War On Coal Unplug Obama?

 

 

mjr...we have enough coal to last many, many decades and the technology to make it ultra-clean or convert it to oil. Obama knows this but he thinks that he will get more votes from the extreme environmental left than he would from people who work in the coal industry. It's all about him getting re-elected.

post #45 of 1242
Thread Starter 

Pastor Sentenced To 2 Years In Prison For Teaching That Parents Should Spank Their Children

May 30, 2012

 

The American Dream blog

 

 

Do you believe that parents should be able to spank their children? Do you ever express that opinion to others? If so, then you could be sent to prison. Sadly, that is exactly what happened to one pastor up in Wisconsin recently. A minister named Philip Caminiti was sentenced to 2 years in prison for simply teaching that parents should spank their children when they misbehave. Please note that Caminiti was not accused of spanking anyone or of physically hurting anyone. He was put in prison simply for his speech. He was put in prison simply for what he was teaching others to do. Whether you agree with spanking or not, this should be incredibly sobering for all of us. Increasingly, speech is being penalized in the United States. Much of the time, the focus of the attacks by the forces of political correctness is on religious speech. If this trend continues, many of you that are reading this article might be put in jail for the things that you say in the coming years.

 

When many of us were growing up, once in a while our parents would take out a belt or a wooden paddle and give us a paddling on the behind when we did something wrong.

Was there anything wrong with that?

Of course not.

 

Yes, there is real child abuse that goes on out there, but in the vast majority of instances spanking does not do any lasting physical harm. Rather, it benefits the child because it helps them learn what is right and what is wrong.

I know that when I got a licking on the behind as a child that helped me to remember not to do the same thing again.

But Dane County Circuit Judge Maryann Sumi was absolutely horrified that some parents would actually use a wooden spoon to spank their little children when they misbehaved.

 

Perhaps that judge should actually try to spank someone with a wooden spoon some time. You simply cannot do much damage with a wooden spoon.

Instead of going after the parents who were doing the spanking, prosecutors chose to go after the pastor instead. They claimed that Caminiti was "the spoke in the wheel of this conspiracy".

 

Even after Caminiti leaves prison, he will be forbidden from having any contact with his old church....

Caminiti will be on extended supervision for six years after his release from prison. Despite objections on constitutional grounds by Caminiti's lawyers, Sumi ordered that he not have any contact with the Aleitheia Bible Church and have no leadership role in any church.

What in the world is happening to this country?

 

Criminal predators are literally eating the faces off of people, and yet authorities want to go after pastors that are encouraging their congregations to follow the teachings of the Bible?

 

Have we stepped into a really bizarre episode of The Twilight Zone?

Sadly, this is not the only example of how our free speech is under attack these days.

Up in New York, a new bill was recently introduced that would outlaw all "mean-spirited and baseless political attacks".

 

The following is how a recent article by Kurt Nimmo described what this new law would require....

 

New York state government is attempting to pass the measure in both the Senate and the Assembly. The legislation has been referred to the Codes Committee in the Senate, and the Government Operations Committee in the Assembly.

Both proposals are identical and would effect messages posted on message boards, blogs, social networks, and “any other discussion site where people can hold conversations in the form of posted messages.” The law would require websites to post email addresses for “removal requests, clearly visible in any sections where comments are posted.” Those demanding the removal of content they find objectionable, however, would have their anonymity protected.

“Had the internet been around in the late 1700s, perhaps the anonymously written Federalist Papers would have to be taken down unless Alexander Hamilton, James Madison and John Jay revealed themselves,” notes David Kravets, writing for Wired.

 

Will we soon see laws such as this nationwide?

Will all blogs and websites soon be at the mercy of the politically correct police?

 

Up in Buffalo, New York it is apparently now against the law to hand out Christian tracts on a public sidewalk. At least that is what one man was told recently when he attempted to hand out tracts outside of an Italian heritage festival. The following is from a recent WorldNetDaily article....

 

While handing out tracts to willing recipients on a public street during a public festival, Owen was approached by a police officer who declined to identify himself but told him that the Buffalo Police Department is “the law” and he should stop handing out tracts.

According to the lawsuit: “Subsequently, another police officer, Officer Slomka, arrived on the scene. She quickly informed Owen that they could not hand out tracts in the festival and explained that the prohibition was ‘by our orders.’ Owen asked for her name, and she replied: ‘Slomka, write it down.’ Owen advised that he believed the tracts to be free speech; nonplussed, Officer Slomka reiterated that they couldn’t hand out tracts there and had to go outside of the festival area to continue with their expressive activity.”

 

Then, “Owen inquired as to whether they would be arrested if they continued to hand out tracts in the festival area, to which, Officer Slomka replied: ‘Yes.’”

 

That almost makes me angry enough to take a trip over to Buffalo and hand out tracts right outside the police station.

 

Even if you do not ever distribute literature, you should be alarmed at how our freedom of speech is being eroded.

 

The truth is that whenever anyone has their freedom of speech attacked it is an attack on all of us.

 

If we are not careful, we are going to end up just like Canada.

 

At one high school up in Canada recently, a student was suspended from school for a week for wearing a shirt with the following message....

"Life is wasted without Jesus"

 

The student was told that the shirt was "hate talk" and that he would be suspended for the rest of the year if he tried to wear it to school again.

 

They are coming for our free speech ladies and gentlemen.

 

They are not going to be satisfied until they have either shut all of us up or put all of us in prison.

 

It is imperative that we all stand up for free speech while we still can. Once our freedom of speech is gone, the loss of the rest of our freedoms will only be a matter of time.

post #46 of 1242
Thread Starter 

Decline of the Empire

 

by Dave Cohen

 

05/29/2012

 

post #47 of 1242
Thread Starter 

Is The End Nigh: Rockefellers And Rothschilds Merge

 
Tyler Durden's picture





 

You know its bad when... two of the largest and best-known 'familia' in Europe and the US come together. As the FT reports, The Rockefellers and The Rothschilds are uniting under a common group as Rothschild Investment Trust and Rockefeller Financial Services become one. The patriarchs (David Rockefeller 96, and Lord Rothschild 76) have been 'connected' for five decades.

 

Between the Rothschild's 'sprawling' multi-century banking empire across Europe and the Rockefeller's roots in 1882 Oil-money, we can only imagine the Illuminati, Freemasons, Templars, and Central Bankers of the world are quaking in their boots at this new global force for change - The Rothsellers or is it The Rockchilds. What next? It seems only Soros is left to complete the holy trinity...

post #48 of 1242
Thread Starter 

WAR PIGS – THE FALL OF A GLOBAL EMPIRE

 

 27th May 2012 by James Quinn

 

“We will bankrupt ourselves in the vain search for absolute security.” -Dwight D. Eisenhower

 

“How far can you go without destroying from within what you are trying to defend from without?” -Dwight D. Eisenhower

 

 

 

Generals gathered in their masses
Just like witches at black masses
Evil minds that plot destruction
Sorcerers of deaths construction

In the fields the bodies burning
As the war machine keeps turning
Death and hatred to mankind
Poisoning their brainwashed minds, oh lord yeah!

Black Sabbath – War Pigs

 

As Americans mindlessly celebrate another Memorial Day with cookouts, beer and burgers, the U.S. war machine keeps churning. As we brutally enforce our will on foreign countries, we create more people that hate us. They don’t hate us for our freedom. They hate us because we have invaded and occupied their countries. They hate us because we kill innocent people with predator drones. They hate us for our hypocrisy regarding democracy and freedom. Just when we had the opportunity to make a sensible decision by leaving Iraq and exiting the Middle East quagmire, Obama made the abysmal choice to casually sacrifice more troops in the Afghan shithole. We have thrown over $1.3 trillion down Middle East rat holes over the last 11 years with no discernible benefit to the citizens of the United States. George Bush and Barack Obama did this to prove they were true statesmen. The Soviet Union killed over 1 million Afghans, while driving another 5 million out of the country and retreated as a bankrupted and defeated shell after ten years. Young Americans continue to die, for whom and for what? Our foreign policy during the last eleven years can be summed up in one military term, SNAFU – Situation Normal All Fucked Up. These endless foreign interventions under the guise of a War on Terror are a smoke screen for what is really going on in this country. When a government has unsolvable domestic problems, they try to distract the willfully ignorant masses by proactively creating foreign conflicts based upon false pretenses. General Douglas MacArthur understood this danger to our liberty.

 

“I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within.”

 

Economic Opportunity Cost

“You can’t say civilization don’t advance… in every war they kill you in a new way.” – Will Rogers

Any doubt that the Military Industrial Complex is as strong as ever should be removed after examining Obama’s 2012 Budget which has $900 billion dedicated to our military machine. We spent $370 billion in 2001, $620 billion in 2006, and now this liberal anti-war Democrat from Illinois is spending 45% more than that war monger Bush who was burned in effigy by the anti-war Democrats during Iraq War protests. It seems both parties are war pigs.

 

 

 

The Soviet Union collapsed in 1989, leaving the United States as the only remaining superpower on earth. Since 1990, the United States has depleted the U.S. Treasury of $11.5 trillion for spending on War. With no military on earth capable of challenging us why would there be a need to spend this much on the military? Over this same time frame the U.S. spent $500 billion on science, space & technology and $70 billion on energy, a mere 6% of the spending on invading sovereign countries. Military expenditures benefit humanity in no way. If these trillions had been invested by the private sector or devoted to energy and scientific research, our economy might not be a hollowed out shell, dependent on China for financing and oil exporting countries for energy. Neo-Cons argue the Arms Industry employs millions and benefits the country. These companies employ brilliant engineers and scientists who spend their days developing weapons that kill people more efficiently. If they had been employed manufacturing high tech goods to export around the world, inventing new technologies that didn’t obliterate human beings, newer safer nuclear power plants, a more efficient electric grid, upgrading our deteriorating infrastructure, or finding a cure for Alzheimer’s, would the United States be better off today?

 

 

The National Debt in 1990 was $3.2 trillion. Today, it is $15.7 trillion. This is a 500% increase in twenty-two years. What benefit has $11.5 trillion of spending on War produced for the United States or the world? In 2001, spending on Defense was 17% of total governmental spending. In 2012, Defense, Homeland Security, and war spending account for 25% of government spending. In the meantime, major cities experience blackouts due to an overloaded electrical grid, our 156,000 structurally deficient bridges crumble, one hundred year old water pipes burst under our streets every day, and we transfer over $300 billion per year to foreign countries for our precious oil. The 19 terrorist hijackers who implemented their plan with box cutters, spent less than $500,000 to pull off their 9/11 acts of terror – not war. The United States will directly spend at least $3 trillion on our wars of choice in response, while turning our country into a prison camp and stripping our citizens of their freedoms and liberties for perceived security and safety.

 

You would think we must be trying to keep up with our enemies by spending $900 billion per year on past and present military adventures. But one look at the following chart reveals the United States is spending almost as much as the rest of the world combined. The two countries considered potential rivals, China and Russia, spent $200 billion combined in 2010. This is 22% of U.S. spending. From a foreign viewpoint, one must wonder why the U.S. is spending such vast sums on our military. They can only conclude that it is for offensive intentions rather than defensive. The United States soil has not been attacked by a foreign power since December 7, 1941. Prior to that surprise attack, a foreign power hadn’t attacked the U.S. since the War of 1812. With this stupendous level of wasteful spending, our leaders feel compelled to interfere in the business of sovereign states and dictate how they should govern their nations . When you have an enormous hammer, every country looks like a nail.

 

 

Laughably, the neo-con hawks and Fox News pundits declare that our military is a hollow shell and needs much greater funding to insure our safety from attack by our many enemies. Other countries, such as China and Russia, feel they have no choice but to increase their expenditures on the military. On a percentage basis, they have more than doubled their expenditures in the last ten years, and still are a drop in the ocean compared to American Empire spending. The fact is that the U.S., China and Russia all have enough nuclear weapons to obliterate the world – mutually assured destruction. The United States could realistically protect itself from attack with only the 18 ballistic missile nuclear submarines we have in commission.

 

When did Americans lose their ability to distinguish between intellectual and moral pygmies like George Bush, Barack Obama and Mitt Romney versus statesmen like Dwight D. Eisenhower? The Bush Doctrine of pre-emptive war when our country was not threatened has proven to be financially and diplomatically disastrous and his blueprint is being followed by our Nobel Peace Prize President in his saber rattling with Iran. Following this policy puts them in fine company.

 

“Preventive war was an invention of Hitler. Frankly, I would not even listen to anyone seriously that came and talked about such a thing.” -Dwight D. Eisenhower

 

The U.S. borrowed $807 billion from China, Japan and oil exporting countries to wage a war in Iraq that was based on false pretenses. None of the terrorist hijackers on 9/11 were Iraqis, they had no links to Al Qaeda, and Iraq had no weapons of mass destruction. Historian Barbara Tuchman description of “war as the unfolding of miscalculations” was never so fitting. In 2002, Secretary of Defense Rumsfeld estimated the costs of the war in the range of $50 to $60 billion, a portion of which he believed would be financed by other countries. The United States invaded Iraq to secure the 115 billion barrels of oil reserves, pure and simple. We traded the blood of young Americans for oil because we chose to not develop a cohesive logical energy policy in the last 30 years. Americans, not in the military, sacrificed nothing in the last 11 years of war. We bought BMW SUVs, 6,000 square foot McMansions, flat screen HDTVs, iPads, iPhones and Rolexes while less than 1% of Americans fought and died, with the cost passed to future unborn generations. We are a country of chickenhawks, willing to sacrifice the few so the ruling class can comfortably relax on their decks sipping wine, believing Fox News propaganda about terrorists lurking behind every bush, and filling up their Mercedes convertibles for their excursions to the summer cottage in the Hamptons.

 

 

 

 

“Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed.” – Dwight D. Eisenhower

As we spend $900 billion per year on instruments of destruction, 49 million Americans live in poverty, with 46 million on food stamps. There are 3 to 4 million people homeless in any given year. Military Veterans, who make up 13% of the population, account for 23% of the homeless. This is another example of Federal government politicians using young Americans to fulfill their agenda and then tossing them away like pieces of garbage. With the country supposedly three years into an economic recovery, tent cities of homeless dot the landscape across the nation. We pour billions into killing technology while millions of American families are forced to live in tents or sleep in their cars.

 

 

As the world spends $1.7 trillion per year on new methods of killing, millions die the old fashioned way.

  • 13 million people per year die from starvation in the world.
  • The FAO says that 925 million people worldwide are undernourished.
  • For the price of one missile, a school full of hungry children could eat lunch every day for 5 years.
  • One child dies every 5 seconds as a result of hunger – 700 every hour – 16 000 each day – 6 million each year – 60% of all child deaths (2002-2008 estimates)

 

 

What kind of a civilized society allocates 44% of the taxes taken from its people to war? Only 2.5% of your taxes go to science, energy, and environment. Only 2.2% of your taxes go to education and jobs. You produce the results that you would expect from your investments. A full 13% of our population doesn’t have a high school diploma (20% of African Americans & 43% of Latinos) and only 30% have a college degree. How do we expect to lead the world in technology and research with these figures? We do lead the world in government issued student loan debt with $1 trillion and rising.

Human Cost

Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to the poor

Time will tell on their power minds
Making war just for fun
Treating people just like pawns in chess
Wait till their judgment day comes, yeah!

Black Sabbath – War Pigs

 

 

George Bush, Dick Cheney, Donald Rumsfeld, and Barack Obama are cowardly politicians who never had the “pleasure” of coming under fire in battle. The brilliant anti-war novel Catch-22 describes these men perfectly.

“Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them. With Major Major it had been all three.”

 

The world has been a huge game of Risk for these warmongers, with young Americans as the game pieces. Instead of conquering Kamchatka in a board game, these non-veterans sent 6,470 Americans to their deaths in Iraq and Afghanistan for a false cause. Their ideology of empire convinced them they could change the world into their image of how it should be, and their re-election campaigns were funded with millions from the purveyors of death – the arms industry.

 

“In modern war… you will die like a dog for no good reason.” – Ernest Hemingway

Another 47,545 Americans have been badly wounded in Iraq and Afghanistan. Three of these despicable politicians have written their memoirs, raking in millions for telling lies and half-truths. The 6,470 dead Americans won’t have a chance to write their memoirs or get rich. They will never get a chance to see their kids’ graduate college or walk their daughter down the aisle at her wedding. Their children will grow up with a giant hole in their hearts. Their widows will never recover from their endless heartache.

 

 

 

 

Politician chickenhawks who send our young people to their deaths for oil and ideology will receive their reward on judgment day if there is a just God.

As National Guard troops have been deployed over and over again to Iraq and Afghanistan, they must realize that Catch-22 is alive and well in today’s military.

“There was only one catch and that was Catch-22, which specified that a concern for one’s own safety in the face of dangers that were real and immediate was the process of a rational mind. Orr was crazy and could be grounded. All he had to do was ask; and as soon as he did, he would no longer be crazy and would have to fly more missions. Orr would be crazy to fly more missions and sane if he didn’t, but if he was sane he had to fly them. If he flew them he was crazy and didn’t have to; but if he didn’t want to he was sane and had to. Yossarian was moved very deeply by the absolute simplicity of this clause of Catch-22 and let out a respectful whistle.”

”That’s some catch, that catch-22,” he observed.

”It’s the best there is,” Doc Daneeka agreed

 

American soldiers, who have completed their duty to country, have been lied to and had the rules of the game changed again and again. Their politician leaders have reneged on their promises by sending men and women back to the war zone or not letting them come home on the timeline that was agreed to. Meanwhile, their families have gone bankrupt, lost their houses, and saw their marriages dissolve. Politicians started these wars and are too cowardly and prideful to accept failure.

“The military don’t start wars. Politicians start wars.” – General William Westmoreland

 

Over 1,300 more Americans died needlessly when Barack Obama, winner of the Nobel Peace Prize, chose to double down in Afghanistan to prove he was as tough as Bush and McCain. Another man who has never been under fire needed to prove his manliness to his opponents and his constituency. He should have studied the words of former Presidents who were under fire.

I hate war as only a soldier who has lived it can, only as one who has seen its brutality, its futility, its stupidity.” - Dwight D. Eisenhower

 

“My first wish is to see this plague of mankind, war, banished from the earth.” - George Washington

 

President Obama follows the standard Presidential game plan and dutifully gives patriotic speeches at military bases proclaiming the bravery and sacrifice of our troops. These are the words of politicians. The brutal reality for troops is much different. Representative Ron Paul in November 2003 described the early mistreatment of our soldiers:

  • Fort Stewart, Georgia housed hundreds of injured reserve and National Guard soldiers in deplorable conditions who were forced to wait months just to see a doctor. These soldiers made huge sacrifices, leaving their families and jobs to fight in Iraq. They found themselves living in hot, crowded, unsanitary barracks and waiting far too long to see overworked doctors. This was hardly the heroes’ welcome they might have expected. Only an exposé in a major newspaper brought attention to their plight, prompting an embarrassed Defense department to rush additional doctors to the base.

 

  • Some wounded soldiers convalescing at Walter Reed hospital in Washington were forced to pay for hospital meals from their own pockets. Other soldiers returning stateside for a two-week liberty had to buy their own airfare home from the east coast. Still others paid for desert boots, night vision goggles, and other military necessities with personal funds.

 

  • Existing federal rules forced disabled veterans to give up their military retirement pay in order to receive VA disability benefits. This meant that every VA disability dollar paid to a veteran was deducted from his retirement pay, effectively creating a “disabled veterans tax.” No other group of federal employees is subject to this unfair standard; in every other case disability pay is viewed as distinct from standard retirement pay.

The Humvees that soldiers were forced to drive did not have enough protective armor. In December 2004, Secretary of Defense Rumsfeld was giving one of his usual inspirational speeches when Army Spc. Thomas Wilson of the 278th Regimental Combat Team, a unit that consisted mainly of reservists from the Tennessee Army National Guard asked him a question:

“Why do we soldiers have to dig through local landfills for pieces of scrap metal and compromised ballistic glass to up-armor our vehicles?”

 

This set off what the AP described as “a big cheer” from his comrades in arms. Rumsfeld paused, asked Wilson to repeat the question, then finally replied, “You go to war with the army you have.” Besides, he added, “You can have all the armor in the world on a tank and it can be blown up.” I’m glad Donald Rumsfeld has a clear conscience. History will not be kind to this despicable excuse for a human being.

Rumsfeld also sent Americans into battle without protective body armor. Only after bad publicity did the proper protection reach the troops. The blood of dead soldiers is on Rumsfeld’s hands. While President Bush sacrificed by not golfing, terribly wounded soldiers were sent to Walter Reed Hospital to recover. Instead they entered hell on earth. Outpatient mistreatment was reported in 2004, but nothing was done. In 2004 and 2005, articles appeared in the Washington Post and in Salon interviewing First Lt. Julian Goodrum about his court martial for seeking medical care elsewhere due to poor conditions at WRAMC. A Washington Post expose in 2007 finally revealed the horrible mistreatment of our brave wounded soldiers. These reporters uncovered the following conditions:

  • WRAMC’s Building 18 was described in the article as rat- and cockroach-infested, with stained carpets, cheap mattresses, and black mold, with no heat and water reported by some soldiers at the facility. The unmonitored entrance created security problems, including reports of drug dealers in front of the facility. Injured soldiers stated they are forced to “pull guard duty” to obtain a level of security.
  • The typical soldier was required to file 22 documents with eight different commands – most of them off-post – to enter and exit the medical processing world, according to government investigators. Sixteen different information systems were used to process the forms, but few of them could communicate with one another. This complicated system has required some soldiers to prove they were in the Iraq War or the War in Afghanistan in order to obtain medical treatment and benefits because Walter Reed employees were unable to locate their records.
  •  

There was a tremendous surge in suicides by soldiers who have been pushed beyond their limits as they increased by 80% between 2004 and 2008. There are almost as many deaths by suicide as deaths in combat:

  • Overall, the services reported 434 suicides by personnel on active duty, significantly more than the 381 suicides by active-duty personnel reported in 2009. The 2010 total is below the 462 deaths in combat, excluding accidents and illness. In 2009, active-duty suicides exceeded deaths in battle.
  • Soldiers returning from long tours in Iraq or Afghanistan suffering from combat stress were sometimes met with scorn from their superiors and something bordering on neglect from some medical officials. As their largely untreated problems deteriorated, their marriages unraveled under the strain. They turned to alcohol and drugs and in some cases saw no other way out than suicide.
  • Healthcare officials at various installations who are struggling to help say they’re overwhelmed by huge numbers of troops returning from two, three or even four deployments with acute mental problems from combat.
  • Statistics on Iraq and Afghanistan veterans, obtained in 2011 through a Freedom of Information Act request by a San Francisco newspaper, found that more than 2,200 soldiers died within two years of leaving the service, and about half had been undergoing treatment for post-traumatic stress or other combat-induced mental disorders at the time.
  • For five years, beginning in 2005, a service member died by suicide every 36 hours, according to the report by the Center for New American Security.

 

Nearly 20% of military service members who have returned from Iraq and Afghanistan — 300,000 in all — report symptoms of post-traumatic stress disorder or major depression, yet only slightly more than half have sought treatment, according to a RAND Corporation report. Many service members said they do not seek treatment for psychological illnesses because they fear it will harm their careers. But even among those who do seek help for PTSD or major depression, only about half receive treatment that researchers consider “minimally adequate” for their illnesses. Recent studies expect PTSD to affect 30% of all returning veterans.

 

For all the glory and accolades of dying for chickenhawks like Dick Cheney, enlisted soldiers make between $17,000 and $32,000 per year. The military evidently does not prepare them well for the outside world as their unemployment rate is 12.1% versus the national rate of 8.2%. The pandering Obama gives speeches and the criminal bankers at JP Morgan have their PR maggots create TV commercials about hiring veterans, but the numbers don’t lie. A country can be measured by how well it treats its veterans. Our leaders talk a good game, but their actions prove they don’t care about the human costs of war. They are busy planning their next move in their game of Risk.

Moral Cost

Now in darkness, world stops turning
As the war machine keeps burning
No more war pigs of the power

Hand of God has struck the hour
Day of Judgment, God is calling
On their knees, the war pigs crawling
Begging mercy for their sins
Satan, laughing, spreads his wings
All right now!

Black Sabbath – War Pigs

 

 

Omar Bradley, the last five star General in the U.S. military, was known as the “soldier’s general” during World War II. He was portrayed by Karl Malden in the movie Patton as a thoughtful man who cared about his troops. He was one of the key architects of the Normandy invasion and led the 12th Army Group consisting of 900,000 men until the end of the war. After the war, Bradley headed the Veterans Administration for two years. He is credited with doing much to improve its health care system and with helping veterans receive their educational benefits under the G.I. Bill of Rights. He ultimately rose to Chairman of the Joint Chiefs. Contrast the words of the fictional Colonel Kilgore from the movie Apocalypse Now, with the words of General Bradley:

Kilgore: I love the smell of napalm in the morning. You know, one time we had a hill bombed, for 12 hours. When it was all over, I walked up. We didn’t find one of ‘em, not one stinkin’ dink body. The smell, you know that gasoline smell, the whole hill. Smelled like
[ sniffing, pondering ]
victory. Someday this war’s gonna end…
[ suddenly walks off ]

 

“The world has achieved brilliance without wisdom, power without conscience. Ours is a world of nuclear giants and ethical infants. We know more about war than we know about peace, more about killing than we know about living.” - Omar Bradley

 

 

We need giants like Omar Bradley and Dwight D. Eisenhower to lead our country through the difficult times ahead. These men knew the horrors of war and didn’t act like it was a game of chess. Instead we will be led by intellectual and ethical infants, Obama or Romney. There are no wise men with a conscience and high moral standards in power today. Only those with no conscience and a willingness to lie are able to gain power in today’s world. General Bradley understood that morality was ultimately more important than power and strength in determining the progress of a country. His words are those of someone who knew we had failed in our moral duty:

“We have grasped the mystery of the atom and rejected the Sermon on the Mount.”

 

Peacemakers are ridiculed and shunned in America today. Those who preach diplomacy and non-interventionism, like Ron Paul, are scorned and ignored. Old men who care more about their own power than the human race are willing to sacrifice the blood of young people for precious oil, phony nationalism, their own strategic interests or corporate interests disguised as philosophical agendas. The world is a game for these old men. They care about their personal legacy and rigid ideologies. War and militarism are a failure of passion over reason. Albert Einstein, whose discovery brought about this age of potential world destruction, had no love for these blind warriors.

“He who joyfully marches to music in rank and file has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would suffice.”

 

The overwhelming cost of maintaining a global empire eventually bankrupted Rome and Great Britain. Treasures were wasted, young men were needlessly sacrificed in the name of the flag, and the morality of leaders sank to unprecedented levels. The U.S. had advanced financially and technologically for more than a century, but since the takeover of our economic system by private banking and corporate interests in 1913 we have seen continuous war, continuous currency debasement, and continuous moral decay. How far will we decline before a sufficient number of Americans are outraged enough to lead a new American Revolution?

 

Our current situation reminds me of the movie Planet of the Apes. The apes are divided into a strict class system: the gorillas as police, military, and hunters; the orangutans as administrators, politicians and lawyers; and the chimpanzees as intellectuals and scientists. Humans, who cannot talk, are considered feral vermin and are hunted and used for scientific experimentation. The United States is now in the control of gorillas and orangutans. If we continue down the current path of financial and moral decay, allowing the Military Industrial Complex, criminal bankers and corrupt politicians to push us into further world conflicts, we will experience the shock and horror that George Taylor, played by Charlton Heston, displayed in the final scene of Planet of the Apes .

George Taylor: Oh my God. I’m back. I’m home. All the time, it was… We finally really did it.

[ screaming ]

You Maniacs! You blew it up! Ah, damn you! God damn you all to hell!

 

 

The War Pigs must be stopped before it’s too late. The Military Industrial Complex, with the unwavering support of central bankers printing unlimited amounts of fiat currency, while controlling the scoundrel puppets in Washington DC, will destroy this country in their never ending quest for power and profits. One man fights a lonely battle against these forces of oppression. We must join his legion and take this country back from the war pigs.

“As many frustrated Americans who have joined the Tea Party realize, we cannot stand against big government at home while supporting it abroad. We cannot talk about fiscal responsibility while spending trillions on occupying and bullying the rest of the world. We cannot talk about the budget deficit and spiraling domestic spending without looking at the costs of maintaining an American empire of more than 700 military bases in more than 120 foreign countries. We cannot pat ourselves on the back for cutting a few thousand dollars from a nature preserve or an inner-city swimming pool at home while turning a blind eye to a Pentagon budget that nearly equals those of the rest of the world combined.”Ron Paul

 

post #49 of 1242

post #50 of 1242

API calls EPA "out of touch with reality"

 

 
May 29, 2012

Source: API

The Environmental Protection Agency (EPA) today denied the American Petroleum Institute’s (API’s) request to eliminate mandates for biofuels that do not exist, and the agency continues to fine refiners for not using them.

“EPA’s mandate is out of touch with reality and forces refiners to pay a penalty for not using imaginary biofuels,” said API Director of Downstream and Industry Operations Bob Greco. “EPA’s unrealistic mandate is effectively an added tax on making gasoline.”

The Clean Air Act requires EPA to determine the mandated volume of cellulosic biofuels each year at “the projected volume available.” However, in 2011 EPA required refineries to use 6.6 million gallons of cellulosic biofuels even though, according to EPA’s own records, none were commercially available. EPA today denied API’s 2011 petition for reconsideration of the mandate and continues to mandate these nonexistent biofuels this year.

The fact that EPA continues to mandate these biofuels that do not exist is regulatory absurdity and bad public policy,” Greco said.

API represents more than 500 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America’s energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested more than $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.

post #51 of 1242
Thread Starter 

mjr....I think i'll start an energy thread here. So let's see how that works.

post #52 of 1242

Bernie Marcus, Co-founder of Home Depot and widely renowned philanthropist:

 

By giving real job creators -- whether shopkeepers or software engineers -- a voice, they can speak from real-world experience about how to create jobs and why job creation can't be accomplished from Washington. I believe these business men and women could point out the policies that are obstacles and articulate policies that invite growth and investment, and most importantly-job creation. Who better to defend free enterprise than entrepreneurs who have actually created America's private-sector jobs?

 

 

These companies - high-tech and low, restaurants and retail stores, manufacturers and bakeries - are the businesses that drive job creation. Half of all American workers are employed at a small business and they have generated two out of three new jobs over the last 15 years. We can't have a serious conversation about reducing unemployment without listening to the companies that aren't on the Fortune 500 list.

 

Overregulation, unfair taxes, and new mandates, like the controversial healthcare bill, are choking these job-creating businesses before they can get off the ground. The President's State of the Union Address included calls to increase trade and cut corporate taxes, all things that help big businesses alright, but do little to help the small enterprises and start-ups that are the engines of economic growth. They need relief from the alphabet soup of regulations that stifles them and therefore chokes hiring.

 

From the EPA to the FDA, from the IRS to Sarbanes Oxley, regulations disproportionally affect the smallest firms, drowning America's entrepreneurs in red tape. According to a study published last year by the Small Business Administration, firms with fewer than 20 employees spend 36 percent more per employee than large firms. Regulations, on average, cost small firms $10,585 per employee each year: $4,120 to comply with economic regulations, $4,101 to comply with environmental regulations, $1,585 to comply with complex tax rules, and $781 to comply with OSHA and homeland security regulations. In fact, more than 144,000 pages of regulations strangle small and large businesses alike. Congress must provide these innovators a break.

I know dozens of men and women who started with nothing, waiting in the hallway hoping the mailman would bring enough receipts to make payroll, working through the night, foregoing their own salaries so they could pay their bills, and yet fretting over filing a raft of forms for local, state and government regulators and worrying about bewildering new rules. These are the true job creators and many feel downright abused by a government that ignores them, penalizes them and goes out of its way to impede their businesses.

 

These job creators want to grow their businesses, they want to hire new employees and they understand that they need to pay fair taxes. But they don't have a forum, they don't have a voice, and they are frustrated when academics and life-long government employees - bureaucrats who know nothing about creating jobs -- determine policies that could either spur or stifle job growth. The heroes of the American economic dream are the people who take the risks, make the sacrifices, and still maintain the beliefs that propel them to success.

 

These job creators must tell us what policies they need to grow their business and put America back to work. I am now calling on all business founders, owners and leaders to join me in the ranks of the Job Creators Alliance, a new organization I am proud to help create. Join me in this quest to allow free enterprise to not only heal our wounded economy, but to return us to the economic growth that we need to create jobs across America.

post #53 of 1242
Thread Starter 
Quote:
Originally Posted by BobK View Post

These job creators want to grow their businesses, they want to hire new employees and they understand that they need to pay fair taxes. But they don't have a forum, they don't have a voice, and they are frustrated when academics and life-long government employees - bureaucrats who know nothing about creating jobs -- determine policies that could either spur or stifle job growth.

 

That pretty much sums up the problem. Government is of no help to small business because they can't plan for the future due to government overregulation and a tax policy that constantly changes. It's certain that nothing will change if Obama is re-elected because he considers small business enterpeneurs the folks who "don't pay enough in taxes".

post #54 of 1242
Thread Starter 

GOP Whistling Past the End of America

By Ann Coulter

5/30/2012

 

An election almost as important as the presidential election will be held next Tuesday, and conservatives aren't making a big deal of it, just as they didn't make a fuss over the 2008 Minnesota Senate election as Al Franken stole it from under their noses. (Gov. Tim Pawlenty: "Minnesota has a reputation for clean and fair and good elections. We've got 4,100 precincts run by volunteers. They do a good job, and we thank them.")

The public sector unions are trying to oust Wisconsin Gov. Scott Walker from office for impinging on their princely, taxpayer-supported lifestyles. If Walker goes down, no governor will ever again suggest that snowplow operators work when it snows. No governor will dare try to deprive public school teachers of their Viagra. Forget about ever firing self-paced, self-evaluated, unnecessary government employees.

 

Always leading the nation, California has already been bankrupted by the public sector unions. That's the country's future if Walker doesn't win, and it's not going to matter who's in the Oval Office.

Democrats know what's at stake. They're treating this election like the Normandy invasion. Meanwhile, Republicans are sitting back, complacently citing polls that show Walker with a slight lead.

 

Polls don't register passion.

Public employee unions have vast organizing abilities, millions of dollars in union dues at their disposal, and millions of voters who are either union members themselves or relatives of union members. And it's their lifestyles being voted on.

The public sector unions will turn out 99.9 percent of their people. Even if they are only 15 percent of the electorate, that could be enough. Union members will have every distant relative, every neighbor, every person they can drag to the polls, voting to recall Walker next Tuesday.

 

Ordinary people answering polls may agree with Walker, but they'll have to decide: "Do I really want to get out of bed early and drive to the polls, just so they don't recall the governor?"

 

News reports blare with the information that the Walker campaign has spent more money than the opposition. This is absurd. Every union member in the country is working to defeat Walker.

 

Union political operatives aren't volunteers: They're getting salaries from the unions. But those expenditures don't get counted as money spent on a campaign -- a little detail of campaign finance laws Republicans have been screaming about for 20 years.

One measure of the unions' disproportionate passion is how difficult it is to obtain non-union information about the Wisconsin fight. Try running a few Google searches on Scott Walker and the public sector unions, and you'll get 20 pages of union propaganda under names such as "Common Dreams," "All Voices," "United Wisconsin," "Veterans News Now," "Struggles for Justice," "One Wisconsin Now," "Defending Wisconsin" and "Republic Report."

 

From the hysteria, you wouldn't know Walker's reforms have nothing to do with government employees' salaries. He eliminated collective bargaining only for all other aspects of government employees' contracts. OK, you can have two guys on a snowplow, but you can't have a snowplow watcher.

One of the most egregious union scams Walker dispensed with was the requirement -- won in collective bargaining -- that all school districts purchase health insurance from the same provider. The monopolist insurer was WEA Trust, which happens to be affiliated with the teachers union.

 

Simply by eliminating this union boondoggle, Walker has already saved individual school districts millions of dollars per year, which could easily rise to hundreds of millions of dollars. (Most districts still get their health insurance from WEA Trust, but the mere threat of competition forced it to lower its price.)

Amazingly, Walker actually had to eliminate "overtime" for snowplow operators who work outside of their 7 a.m.-3:30 p.m. shifts. Isn't the whole idea of snowplowers to have them work when it snows and not during specific, pre-set hours of the day?

 

The teachers unions wail, "It's all about the kids!" -- and then we find out the Milwaukee teachers union sued the school district because their health insurance didn't cover Viagra. Yes, it's all about the kids.

 

Loads of Milwaukee bus drivers are using sick days and overtime to take home more than $100,000 a year.

Public sector employees seem to think they should be exempted from belt-tightening everyone else is subject to in the Obama economy. (Obama thinks so, too. Most of the stimulus money went to shore up public sector employees' salaries and perks.)

Half the country is unemployed, but these special people are indignant that Walker asked them to start contributing a tiny amount of their salaries to their own pensions -- 5.8 percent, up from zero percent -- and a little bit more for their own health insurance, from a measly 6.2 percent to 12.4 percent of their salaries.

 

Of course, it's extremely difficult to locate this information with the unions filling the Internet and the airwaves with their "Common Dreams" nonsense.

Fox News has barely mentioned this election, while on MSNBC they're doing non-stop campaigning on behalf of the unions. Apparently, James Madison will be rolling over in his grave if government unions aren't allowed to dictate how many employees are required to move a copy machine.

post #55 of 1242
Thread Starter 

Culture Still Matters

By Victor Davis Hanson

5/31/2012

 

RUDESHEIM, Germany -- This week I am leading a military history tour on the Rhine River from Basel, Switzerland, to Amsterdam. You can learn a lot about Europe's current economic crises by just ignoring the sophisticated barrage of news analysis and instead watching, listening, and talking to people as you go down river.

Switzerland, by modern standards, should be poor. Like Bolivia, it is landlocked. Like Italy, it has no real gas or oil wealth. Like Afghanistan, its northern climate and mountainous terrain limit agricultural productivity to upland plains. And like Turkey, it is not a part of the European Union.

Unlike Americans, the Swiss are among the most homogeneous people in the world, without much diversity, and make it nearly impossible to immigrate there.

So Switzerland supposedly has everything going against it, and yet it is one of the wealthiest nations in the world. Why and how?

To answer that is also to learn why roughly 82 million Germans produce almost as much national wealth as do 130 million Greeks, Portuguese, Italians, and Spaniards. Yet the climate of Germany is somewhat harsh; it too has no oil or gas. By 1945, German cities lay in ruins, while Detroit and Cleveland were booming. The Roman historian Tacitus remarked that pre-civilized Germany was a bleak land of cold weather, with little natural wealth and inhabited by tribal savages.

 

Race does not explain present-day national wealth. From 500 B.C. to A.D. 1300, Switzerland and Germany were considered brutal and backward in comparison to classical Greece and Rome, and later Renaissance Venice and Florence.

Instead, culture explains far more -- a seemingly taboo topic when economists nonchalantly suggest that contemporary export-minded Germans simply need to spend and relax like laid-back Southern Mediterraneans, and that the latter borrowers save and produce like workaholic Germans to even out the playing field of the European Union.

 

But government-driven efforts to change national behavior often ignore stubborn cultural differences that reflect centuries of complex history as well as ancient habits and adaptations to geography and climate. Greeks can no more easily give up siestas than the Swiss can mandate two-hour afternoon naps. If tax cheating is a national pastime in Palermo, in comparison it is difficult along the Rhine.

I lived in Greece for over two years and often travel to northern and Mediterranean Europe and North Africa. While I prefer the Peloponnese to the Rhineland, over the years I have developed an unscientific and haphazard -- but often accurate -- politically incorrect method of guessing whether a nation is likely to be perennially insolvent and wracked by corruption.

 

Do average passersby throw down or pick up litter? After a minor fender-bender, do drivers politely exchange information, or scream and yell with wild gesticulations? Is honking constant or sporadic? Are crosswalks sacrosanct? Do restaurant dinners usually start or wind down at 9 p.m.? Can you drink tap water, or should you avoid it? Do you mostly pay what the price tag says, or are you expected to pay in untaxed cash and then haggle over the unstated cost? Are construction sites clearly marked and fenced to protect pedestrians, or do you risk walking into an open pit or getting stabbed by exposed rebar?

To put these crude stereotypes more abstractly, is civil society mostly moderate, predicated on the rule of law, and meritocratic -- or is it better characterized by self-indulgence, cynicism and tribalism?

 

The answers to these questions do not hinge on race, money or natural wealth, but they do involve culture and the way average people predictably live minute by minute. Again, these national habits and traditions accrued over centuries, and as much as politics or economics, they explain in part why Bonn is not Athens, and Zurich is not Naples, or for that matter why Cairo is unlike Tel Aviv or why Mexico City differs from Toronto.

 

There is one final funny thing about contemporary culture. What people say and do about it are two different things. We in the postmodern, politically correct West publicly pontificate that all cultures are just different and to assume otherwise is pop generalization, but privately assume that you would prefer your bank account to be in Frankfurt rather than Athens, or the tumor in your brain to be removed in London rather than Lisbon.

 

A warm sunset with an ouzo on a Greek island beach may be more relaxing than schnapps on the foggy Rhine shore, but to learn why Greeks will probably not pay back what they owe Germany -- and do not believe that they should have to -- take a walk through central Athens and then do the same in Munich.

Victor Davis Hanson

Victor Davis Hanson is a classicist and historian at the Hoover Institution, Stanford University, and a recipient of the 2007 National Humanities Medal.
post #56 of 1242
Thread Starter 

America and Future Wars

By Cal Thomas

5/31/2012

 

On Sunday, Sept. 2, 1945, aboard the battleship USS Missouri at the end of ceremonies marking the unconditional surrender of Japan and the formal end of World War II, Gen. Douglas MacArthur spoke for a world weary of war and hoping for peace: "Let us pray that peace be now restored to the world and that God will preserve it always."

That prayer was not answered as Korea, Vietnam, Iraq, Afghanistan and a host of regional and tribal conflicts have preserved war, not peace, as the means by which too many attempt to settle their differences.

 

With U.S. combat operations in Iraq effectively over and Afghanistan in the process of winding down (for us, if not for the resilient enemy) there will be little rest between wars as Iran now appears to be the next target.

Politicians start wars, generals plan strategy to wage them and soldiers, sailors, airmen, Marines and Coast Guardsmen (not to mention civilians) die in them. Since the beginning of the human race, people have sought ways to prevent wars, but every attempt at bringing lasting, or even short-term peace, has failed.

 

At the United States Military Academy in West Point, N.Y., there are some who are now asking the hard questions about America's role in warfare. Elisabeth Bumiller of The New York Times wrote about it in a story with the headline, "West Point Asks if a War Doctrine Was Worth It."

The discussion, even debate, at West Point is first about the effectiveness of counterinsurgency in places like Afghanistan. Col. Gian P. Gentile, director of West Point's military history program, is quoted as saying that counterinsurgency could work in Afghanistan if the United States makes a multi-decade commitment: "I'm talking 70, 80, 90 years," he said. With many countries, including France, pulling out of Afghanistan (in France's case earlier than previously expected due to orders from the country's new president) and with shattered economies in need of rebuilding, including our own, this leads to a larger question: Can America afford to virtually "go it alone" in defense of the liberty of others who are not willing, or able, to bear the burden and pay the price for their own freedom?

 

I'm not sure there is a satisfactory answer to the question but it is a question that needs to be debated since we always seem to be the ones who pay the highest price. "Is it worth it?" How will we measure worthiness? These are questions at the heart of the debate.

 

Former President George W. Bush said, "We're fighting them over there so we don't have to fight them here." But we are already fighting them here as demonstrated by Sept. 11, 2001, the Ft. Hood shootings and numerous other successful and unsuccessful attacks.

 

Somewhere between "come home, America," which would lead to isolationism and intervention in every conflict there is a pragmatic approach to war that America should consider. This ought to be an issue in the upcoming election, but it won't be unless journalists ask the right questions and demand answers from those who have, or are seeking, the power to start or join wars and send our sons and daughters to fight and perhaps die in them.

Perhaps a return to the constitutional principle that only Congress has the power to declare war would help. That is what Rep. Ron Paul argued for during the presidential primary. He raised an important issue, one that should be discussed now, before the next war starts and American leaders decide another generation of young people should fight it.

post #57 of 1242
Thread Starter 

pelosi signs.jpg

post #58 of 1242
Thread Starter 

oopps


Edited by stoneranger - 5/31/12 at 10:55am
post #59 of 1242
Thread Starter 

Why Does The Mainstream Media Ignore The Bilderberg Group?

May 31, 2012

 

by The American Dream blog

 

Over the next several days, more than a hundred of the most powerful people on the planet will attend a secret conference at a hotel in Chantilly, Virgina. Some of the biggest names in politics and business will be there. The hotel is going to be completely locked down and will be swarmed by hordes of security guards carrying machine guns. This conference is so important that even the U.S. Secret Service is rumored to be involved in providing security. These meetings have been held yearly since 1954, but no record of what goes on at them has ever been officially released to the public and all the attendees are sworn to secrecy. Decisions made at this conference will affect the lives of every man, woman and child on the planet. But the vast majority of Americans will have no idea that the Bilderberg Group is meeting about 20 miles from Washington D.C. this year because the mainstream media in the United States ignores the Bilderberg Group almost entirely year after year. Based on the coverage it gets from the U.S. media, you would think that the Bilderberg Group was a non-event. But if some of the most powerful people on the planet are getting together to discuss our future, don't you think the mainstream media should be covering it?

 

The Bilderberg Group is much more than just a social club. It has played a major role in shaping the direction of the world since it was created in 1954. The Bilderberg Group helped create the European Union and it helped create the euro. This year efforts to save the euro are rumored to be high on the agenda.

And considering the big names that show up at this conference on a yearly basis you would think that the U.S. media would be extremely interested in it. The following is just a sampling of the big names that have attended Bilderberg in recent years....

Bill Clinton, George H.W. Bush, Prince Charles, David Cameron, Tony Blair, Henry Kissinger, Bill Gates, Angela Merkel, Ben Bernanke, Timothy Geithner, Rick Perry, David Rockefeller, Herman van Rompuy, Jean-Claude Trichet, Jeff Bezos, Chris R. Hughes, Eric Schmidt, Craig J. Mundie, Anders Fogh Rasmussen, Richard Perle, Paul Volcker, Lawrence Summers, Hillary Clinton and Joe Biden

 

Isn't that enough star power to get the attention of the mainstream media?

 

You would think that this would be big news.

But apparently there is so much else going on in the world that there isn't any room to cover the Bilderberg Group.

For example, right now on USA Today you can find the following headlines on the front page....

 

 

-Trilogies spring up on reading lists

 

-Spelling still matters in era of texting, spell check

 

-Many chain stores now add a toy aisle for adults

 

Perhaps other news sources are discussing more important news.

Then again, perhaps not.

On the front page of CNN, you can currently find the following headlines....

 

-Airline seat squeeze: It's not just you

 

-Group: Prove Romney's not a unicorn

 

-Scientists confirm 'old person smell'

 

No wonder CNN is experiencing record low television ratings.

The mainstream media may be ignoring Bilderberg, but based on the level of security around the hotel you would be tempted to think that it was the most important event in the United States this year.

 

A recent article by Paul Joseph Watson discussed some of the extraordinary security measures that are being implemented to protect this conference....

Undercover Fairfax police, secret service, hotel security, as well as diplomatic service personnel are all now rushing to finalize preparations for the arrival of Bilderberg members tomorrow morning.

 

According to London Guardian journalist Charlie Skelton, conference organizers were also using iPhones to film guests who had arrived for brunch. Regular guests as well as journalists are also having background checks run against their names.

 

Alex Jones also heard discussions between members of Bilderberg security about how sophisticated surveillance equipment using satellites was being used to tap phones of prominent activists and media personalities set to cover the event.

So why doesn't the mainstream media want to cover this?

 

In the past, a number of top politicians (including future U.S. presidents) have attended Bilderberg prior to getting elected to very important positions. A recent WorldNetDaily article detailed a few examples of this phenomenon....

George H.W. Bush attended in 1985. He became president in 1988. Bill Clinton attended in 1991. He became president a year later. Tony Blair attended in 1993. He became prime minister of England in 1997. Romano Prodi attended in 1999. Later that year he became president of the European Union Commission. In 2004, Sen. John Edwards spoke to the group. He was later anointed the Democratic vice presidential nominee by presidential candidate John Kerry.

 

It is even rumored that Barack Obama and Hillary Clinton held a secret meeting at Bilderberg back in 2008.

Amazingly, there are indications that Barack Obama may have held a little "pre-Bilderberg meeting" again this year. According to the Economic Policy Journal, Obama snuck away from reporters on Saturday for some mysterious reason....

Of note, President Obama disappeared this weekend.. Reporters were miffed. Was it a pre-Bilderberg meeting for the Prez?

 

On Saturday, West Wing Report had these odd tweets:

 

President arrived 1:10 ET at Andrews golf course. Playing today with regulars Marvin Nicholson; Walt Nicholson & Pete Selfridge
---
President back at White House. In a breach of longtanding policy, his motorcade departed without hooking up with the waiting press vans.
---
Pool does not know first hand when the president left Andrews, what route he took, or when he arrived at White House
---
Press pool always accompanies the president wherever he goes. Decades-long tradition violated again.

Remember, if the President meets someone outside the White House, it isn't logged in on WH records amd there is no record if the press aren't there to record it.

 

So where did Obama go during that missing time and why did he ditch the press?

 

They will probably never tell us.

The truth is that the mainstream media is the biggest "gatekeeper" of all.

They decide what is important and what is not important.

They decide what is going to be in "the news" and what the American people are going to be talking about.

They choose to totally ignore the Bilderberg Group and so most Americans will not even hear about it this year.

And that is really sad. The truth is that those that attend Bilderberg have big plans for all of us.

 

David Rockefeller, a regular attendee at Bilderberg meetings, wrote the following in a 2003 book entitled "Memoirs"....

“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

 

I don't know about you, but I don't like the fact that a bunch of elitists are holding secret conferences where they discuss how to build a "more integrated global political and economic structure".

 

The future of America should be in the hands of the American people - not in the hands of secretive global elitists that desire to shape the world in their own image.

post #60 of 1242
Thread Starter 

The Inexplicable American Consumer Hits A Wall

 

by Wolf Richter

 
 

 

The strongest and toughest creature out there, and maybe the smartest one, that no one has been able to subdue yet, the inexplicable American consumer has hit a wall. And it showed up in a prosaic but ugly 8-K filing by Visa.

Credit cards are a true anomaly in these crazy times of ours. The yield on 10-year treasury notes swooned to a new record low of 1.61%. Interest rates on savings accounts and most CDs are so close to zero that you can’t see the difference on your statements once you round to the nearest dollar. 30-year mortgages come with rates of under 4%. And yet, credit card interest rates are where they’ve always been: high. In many cases well into the double digits.

Consumers have struggled with them. Before the Great Recession, when credit was unlimited and easy, consumers charged the cost of improving their lifestyle to the future to make up for the long decline in real wages—that haven’t kept up with inflation since the wage peak of 2000. 

 

Then it all ended. Consumers defaulted on their credit cards or paid them down or off and cut them up, and the smart ones were able to roll their balances into a home-equity line of credit and then let it go into foreclosure, thus getting rid of debt in the Goldman Sachs kind of way, and overall credit card balances dropped. Transactions shifted to debit cards, which appeared to be the more prudent way, and banks pushed them because they could squeeze higher fees out of merchants. But declining credit card debt drove the Fed ragged; the last thing it wanted was for consumers to get out of debt. So it must note Visa’s 8-K with relief; consumers appear to be back on track to becoming life-long debt slaves whacked on a monthly basis by high-interest credit-card debt.

Visa’s aggregate payment volume was down 3% in the US for April and stagnated through May 28, compared to the same periods last year. Behind the aggregate, bad as it was, hid an astounding shift: credit card purchases actually jumped 8% in April and 10% through May 28; but debit card purchases dropped 12% in April and 8% in May.

 

Media pundits, in trying to explain away the shift, fingered new regulations—the infamous Durbin amendment—that decimated the debit-card fees Wells Fargo, Bank of America, JPMorgan Chase, Citi, and hundreds of other banks charged merchants. And so, the pundits explained, the industry responded to the loss of revenues with new pricing plans (Visa’s plan is currently causing some rumpled eyebrows at the Department of Justice), and consumers responded to these new pricing plans by plowing back into high-interest credit card debt. Here is one that made the rounds (American Banker):

 
'The sluggish performance was driven by declines in debit-card purchases, which have taken a hit in recent months from new regulations governing how card networks such as Visa and MasterCard handle debit transactions'

.

A mind-boggling non sequitur. Even the inexplicable American consumer can’t see the fees merchants are charged for credit and debit card transactions. When consumers whip out a card, they choose between borrowing at high interest rates (avoidable only by always paying off the entire statement balance) and having the amount taken out of a checking account in real time. But the fees that the merchant pays don’t show up in this decision process as they’re unknown to consumers and don’t impact them directly.

 

To account for such a drastic shift, a deeper, gloomier pattern emerges. The inexplicable American consumer, pushed to the max, with checking accounts dry and debit cards useless, is trying to hang on by the fingernails to a lifestyle that is edging out of reach. In grasping for it, they’re using every means they can, even high-interest credit-card debt which will haunt them for years to come. A return to this scheme is not exactly a bullish sign for the economy, though it’s good for the banks (until the inevitable write-offs start wreaking their havoc).

 

Tough as the American consumer may be, his or her other side, the American taxpayer, is about to be saddled with another multi-billion dollar bail-out of mortgage loan losses from a Federal Housing Authority (FHA) lending program that has been offering ultra-low down payments since 2009. Alas, it’s turning into a nightmare. .

And here is a hilarious and biting cartoon by Ben Garrison: "Welcome to Sh*t Creek.

 

 

shit_creek_bg.jpg

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