http://www.realclearpolitics.com/epolls/other/president_obama_job_approval-1044.htmlhttps://en.m.wikipedia.org/wiki/Kevin_Trudeauhttp://www.herbalab.com/herbacoral-benefits.asphttp://www.livestrong.com/article/404228-coral-calcium-benefits/http://www.webmd.com/drugs/2/drug-64799/coral-calcium-oral/detailshttp://www.okicent.org/coral_calcium/coral-calcium.htmlhttp://thezman.com/wordpress/https://kakistocracyblog.wordpress.com/2015/08/10/when-you-wish-upon-a-star/ Two good examples are Charlemagne and Offa of Mercia. They were contemporaries and both reformed the coinage and mastered seigniorage. Forever after them, a key goal of the ambitious ruler was to control the coinage and use it as part of his arsenal against his adversaries. Closer to home, the history of the world post World War II is all about the dollar and its role as the reserve currency of the world. Anyway, it looks like James Rickards was right a few years ago when he said the world is descending into a another currency war. That’s a great book, by the way. The Wall Street Journal reports that China is debasing its currency and sending shock waves through the emerging markets. China’s devaluation of its currency jolted global markets Tuesday, hitting stocks and commodities and boosting government bonds.They call currency devaluation “beggar thy neighbor” for a reason. China, in an effort to boost exports, will start printing money, thus lowering its value against the dollar and other currencies. That will make Chinese products more competitive in US and European markets. This may be fine for the US and Europe as it means cheap goods and people like cheap goods for a while. The entirety of this market is leverage. You borrow money to invest it in another currency. Presumably, settlement of both ends of the transaction leaves a profit, but big moves in the currency rates means huge losses. Those losses are covered by liquidating other assets to cover the loss. This can set off a cascading effect blowing up whole markets in days, even with the loss prevention systems governments have in place. The most obvious example is The Asian Financial Crisis of ’97. Life is not a math problem and so economic problems become political problems. Brazil, which is already struggling, cannot withstand a currency war. This is not a country with a stable political and cultural foundation. The current president is already under fire so a deepening economic crisis will probably lead to political turmoil or worse. Military coup is the traditional way of doing things in Brazil so you never can rule that out as a possibility.
Currency wars never end well. The currency war that started in the 1920’s ended with depression and world war. The disorganized flight from the Bretton Woods system eventually led to the current system of towering world debt that may be about to tip over. The only way for the West to maintain their massive custodial states is through unlimited credit emissions. A full on currency war probably brings that to an end.
The Cost Shifting Economy
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Car dealers train their salesmen to focus the customer on the car payment and not the sticker price. There’s a number of reasons for it. One is that people will take a larger car payment that they want if they like the car. The difference between a $500 payment and a $550 payment is easy to justify when you’re in love. That’s a few thousand dollars more in car, but it only feels like fifty bucks. The other reason is the dealer can bundle everything up so that the customer cannot negotiate each item one at a time. The last thing a dealer wants is to debate the trade-in, the interest rate, the dealer options and so on. A good salesman can sneak in some high profit items to the dealer, while hitting the customers peak tolerance for a car payment. The mobile phone market has always worked on this principle. My first mobile phone was from a place in Boston that basically leased you a phone and charged you each month for minutes. They quickly figured out that was a loser and just included the minutes. That was late 80’s and it has been that way ever since. You “buy” the phone, but you’re really just making a down payment. The rest is financed through your monthly bill. That’s about to change and it is another example of the cracks showing up in the cost-shifting economy. Verizon Wireless today announced a new set of wireless data plans, and none of them are available with contracts or phone subsidies.The mobile carriers have been subsidizing the phone purchase by financing it through the bill. That’s how the broke waitress can afford a $650 iPhone. Apple was shifting the cost of their phone to the carrier. The carrier, in turn, found a way to game the customer by tucking the costs in the monthly bill. They also put some interest in there too. That worked fine in a growing market, but the market is saturated. They’ve run out of greater fools. Now the carriers are chasing price and that means the subsidies go away. The number of people will be willing to pony up $650 for an iPhone is probably much less than the number willing to pay $200. This will have the inevitable result of collapsing the margins of the phone makers as they have to chase price. For a long time now the US economy has been based on the belief that growth is forever. When every business in a market is based on forever growth, when the market stops growing, it collapses and takes everyone with it. The housing bubble is a classic example, but large swaths of the tech economy have worked the same way. We’re running out of new people to pay for the old people now. The results are inevitable. We have Always Been At War With The SouthThe descendents of Puritan Yankees are bound together over one thing and that’s a deep hatred of the South. They used to hate the South because it represented the Royalist side of English life. Once the North was able to destroy the South and Royalist culture, things calmed down for a while. But, the fevered lunacy of the North was revived with the importation of new crackpot ideas from the Continent and the Cult of Modern Liberalism was born. Soon thereafter they went to war with the South again. This just in from old friend Lois Lerner: Lois Lerner, the central figure in the IRS targeting controversy, called Abraham Lincoln the country’s worst president in an email disclosed in a bipartisan Senate report, according to USA Today.As I keep saying, the cultural heirs of those Yankee Puritans are not acting from facts and reason. They look at the rest of the country, particularly the South, as sub-human. In the 18th century they saw the South as an affront to God. In the 19th century they saw the South as a threat to God’s creation. They’ve dropped the references to God in the 20th, so the South became an obstacle to the Progressive paradise. It should come as no surprise that Lerner is from Massachusetts, the epicenter of liberal lunacy. Her husband appears to be from Eastern Ohio, which was settled by Puritan lunatics after the Revolution. Another one of my themes is that belief is heritable and therefore fanaticism is as well. A whole lot of commies were the children of religious Jews for a reason. The believing gene is strong in the Tribe. ISIS and the WestThe rise of fundamentalist Islam has perplexed and outraged the West for a few decades now. The prophesies all said the brown people would rejoice when the good thinkers welcomed Islam into the West. Instead, the muzzies have gone bonkers, rejecting the West and retreating into a medieval philosophy that rejects everything the West believes about the world. I thought about that while reading this book review in the New York Review of Books. Why it is written by “anonymous” is a mystery to me. Maybe the Economist style is coming to America. It always seem to me that the propaganda arm of the custodial state should use that style. That way it is hard for the masses to dismiss the lectures. Anyway, the article is worth reading, but this bit is what got my attention: The thinkers, tacticians, soldiers, and leaders of the movement we know as ISIS are not great strategists; their policies are often haphazard, reckless, even preposterous; regardless of whether their government is, as some argue, skillful, or as others imply, hapless, it is not delivering genuine economic growth or sustainable social justice. The theology, principles, and ethics of the ISIS leaders are neither robust nor defensible. Our analytical spade hits bedrock very fast.I’m highlighting that bit as there was a time when using the phrase “social justice” would get you laughed out of most rooms. Even lefty outposts like the New York Review of Books would flinch at that phrase. That’s because everyone knew it was a ridiculous idea, held only by the naive and stupid. Today, “everyone knows” the point of government is social justice. Go figure. Interestingly, the “genuine economic growth” line has crossed the street in my life as well. There was a time when only black-hearted right wingers talked about economic growth. Decent people understood that there was much more to life than money. Now, even the most fanatical Progressives thinks that every tree must grow to the sky, no matter what. I have often been tempted to argue that we simply need more and better information. But that is to underestimate the alien and bewildering nature of this phenomenon. To take only one example, five years ago not even the most austere Salafi theorists advocated the reintroduction of slavery; but ISIS has in fact imposed it. Nothing since the triumph of the Vandals in Roman North Africa has seemed so sudden, incomprehensible, and difficult to reverse as the rise of ISIS. None of our analysts, soldiers, diplomats, intelligence officers, politicians, or journalists has yet produced an explanation rich enough—even in hindsight—to have predicted the movement’s rise.I’ve argued often that American Progressive faith has a lot in common with Islam. Some of my comparisons are meant to be snarky, but there’s a lot of points of comparison. One area is the inward looking nature of the two faiths. Progressives fixate on communal salvation in the same way Muslims do, the two just have different ends. The main difference is that Islam knows a lot about the West. Most people don’t know that Islam was the the center of intellectual life before the Mongols came calling. The Sack of Baghdad in 1258 is viewed as the point at which Islam fell behind the West and the East culturally. Muslim Arabs are well aware of this, having grown up in the shadow of the West, often living in the West. We hide this from ourselves with theories and concepts that do not bear deep examination. And we will not remedy this simply through the accumulation of more facts. It is not clear whether our culture can ever develop sufficient knowledge, rigor, imagination, and humility to grasp the phenomenon of ISIS. But for now, we should admit that we are not only horrified but baffled.I’ve come to think of Progressives as the decedents¹ of the Puritans for a number of reasons. The one reason important here is the inward looking nature of both Puritan and Progressive culture. The Puritans saw salvation as a community activity. Internal discipline and cohesion were paramount so they focused on it exclusively. A certain studied ignorance of the outside world was critical to maintain discipline. That’s a Progressive quality as well. The result is the people in charge not only misunderstand the world beyond their understanding, they have no way of understanding it. To understand the draw of Islam to young Arabs, you need to consider the possibility that life in the West is not on the road to paradise. You also have to contemplate the possibility that there are many ways to be happy as a people. The innate intolerance of Progressives prohibits this sort of speculation. There’s also the deep rooted belief that bad things happen to God’s people when those people fail in their duty as God’s servants. That means 9/11 was America’s fault for not abiding by the Progressive virtues. The rise of ISIS was due to bad US policy in the region (Bush). The muzzies lack agency of their own so they are not blamed. That’s why Progressives are so vexed with ISIS. President Obama, peace be upon him, has been running policy in the region for a long time. Everything has been done properly and yet these people hate us as much, if not more, than they did in the Bush years. Their “analytical spade” hits bedrock very fast because it does not exist. They have not thought for a second that the Muslims could have a point of two to make. ¹Yes, that is on purpose. Technical DifficultiesThe Die is CastWatching the GOP “debate” the other night, I started thinking about how my bias will effect my judgement of the results. That’s what you always see with these things. Everyone wears their bias on their sleeve. I know Kasich fans who swear he carried the night. Trump fans are on twitter claiming Trump had a good night. Kevin Williamson needed his meds doubled in order to avoid being committed. That last bit is a good example. Williamson hates Trump. It is an irrational, unhinged hatred, which would be fine except that Trump is doing well. Worse for Kevin is that his readers are mostly enjoying the show and see Trump as a protest vote. The result is Kevin sounds like a low-IQ lunatic. Bias can be very powerful stuff. Anyway, I was watching and wondering how my bias is shaping my opinions. I want to like Perry, but he’s just not very good so I’m probably doing OK on that score. I want to like Walker and I’m probably willing to overlook his wobbly responses to the important questions. I want to hate Santorum, but I have to admit he says sensible things. I can at least see why people like him. The truth is I don’t have a big investment in the Republicans. Thinking about my biases, that’s the conclusion I hit on. I’m probably more invested in Kevin Williamson’s nervous breakdown over Trump, as I used to enjoy reading Kevin’s columns. Who the GOP nominates for their guy is simply not all that important to me. I’m just not that into them anymore and they are not into guys like me either. The last few elections, I went to vote out of habit and loyalty to the old ways. I was born into a country where people, who were like me, tried hard to win my vote. I now live in a country where people who hate me and are nothing like me chase the votes of people who hate me. Voting, for me, is mostly about remembering the way things used to be. Occasionally there’s something on the under-card worth considering. The other night, thinking about this stuff, I was reminded of this Sean Trende piece from the last election. This table explains Trump and it predicts who the GOP must pick for their candidates in order to win: Whites are starting to walk away from the process. Not all classes of whites. The Trende piece shows that it is the rural and working class whites, that is staying home. He characterizes them as the Perot vote, which would now be called the Trump vote. The folks on the Dissident Right, who would not be considered downscale in any other context, are certainly a part of this dynamic. My guess is the GOP’s biggest problem is with white men. I know a lot of white guys who are generally disgusted with the Republicans. I was at lunch the other day with men who are typical middle-class suburbanites. The sort you think of as Chamber of Commerce types. All of them were fed up with the GOP and they were talking about Trump. They know he is a clown, but they’re just tired of the bullshit from the party. Now, Trump will never be the nominee. That circus on Thursday night was just the appetizer. While Trump helps Bush and the surrender wing of the GOP right now, he is seen as an embarrassment so he has to go. Ideally, from their perspective, the air goes out of his balloon in the fall and he drops out over the holidays. That way he is a non-story for the primaries. Can they win without these voters? Here are some math to consider. These are states along with their electoral votes that are Democrat locks: WA(12), OR(7), CA(55), NM(5), ME(4), NH(4), VT(3), MA(11), RI(4), CT(7), NY(29) NJ(14), MD(10), DE(3), DC(3), HI(4). That’s 175 votes and they need 270 to win.That’s just the states that are a mortal lock. The GOP will not even campaign for president in these states. Here are the “swing states” that the media locks in on every year. CO(9), MN(10), WI(10), MI(16), IA(6), MO(10), OH(18), PA(20), VA(13), NC(15), FL(15). That looks like a lot, but states like MN have not gone GOP since the 70’s. Demographics say this can change, but until it does there’s no reason to think it is going to in 2016. Adding back the heavy leaners to the Democrat total you get 240 electoral votes. The GOP has to sweep Ohio, Virginia, North Carolina and Florida and make sure none of their more reliable states like Missouri swing the other way. Virginia has been invaded by Hispanics and Yankees, who vote Democrat exclusively. It went for Obama the last two times for that reason. Similarly, Florida went Obama the last two times. Can the GOP win these states if they don’t drive up that white guy vote? Maybe, but the odds are against them. Can they win with a guy like Bush at the top of the ticket? There’s where things get interesting. A Bush – Kasich ticket will give the GOP the White House as they are sure to carry Ohio and Florida. Similarly, a Kasich – Rubio ticket will get them the White House. Any other combination is probably a loser. So, there’s no reason to pay any attention to the GOP primary. The die is cast. The Tourney O’ChampionsI’m not sure if there is a good way to handle a field of 17 candidates, as far as holding debates and candidate forums. It’s not like most of these candidates are fringe candidates with no shot to win. All of them have at least a puncher’s chance to win a primary or two. There’s just no way to have a debate with 17 people. Once you get past five or six it get too busy. The bigger problem is having media people run these things. They want good TV and that means a bad forum for transmitting information.It also means using the “talent” used for the news programs and many of those people are as dumb as a plank. Stupid people asking liars their views on public policy is not a recipe for success, but it is how we do things in the Banana Republic. The Kiddie Table I felt sorry for this bunch. For some reason they held their debate in an empty auditorium so it underscored the fact that no one likes these candidates. It had a Model United Nations vibe to it, like they were high school kids learning about elections through a mock debate.The two airheads asking questions were what you would expect from announcers at the New Year’s Day parades. Rick Perry: They asked Perry about Trump right away and he got angry and stayed angry the rest of the show. There was one point where I was sure he was going to fly into a rage. It was not until his closing remarks that he cracked a smile. Perry’s problem has always been that he cannot explain how anything he did as governor had anything to do with the Texas economy. He also has a little of the Bush mush-mouth to him and that brings up bad memories. Rick Santorum: I don’t want to like this guy, but he is the best informed on the topics and he holds sensible opinions on most of them. He’s the one guy who truly understands that ours is a culture fight, not a math problem. On the immigration question you could tell he has thought about it. It was a good answer too. The trouble is he is detested by the press and the Republican establishment so he has no chance the get any traction. Bobby Jindal: I got the sense that he was looking at Pataki and Gilmore and wondering if that’s not his future. Jindal has been a competent governor by the standards of Louisiana, but you have to have more than that to run for president. He’s a guy who would look great with a PowerPoint presentation explaining how accounting saved money on envelopes last quarter. His basic argument is he will run the Leviathan better than anyone else. He’s the Nehru version of Mitt Romney. Carly Fiorina: I get why media think she is good. She’s what Washington thinks normal people sound like. Normal people think she sounds like the woman from HR. Her argument is that she will run the custodial state better than the others thus making Americans trust the rulers again. Like any technocrat, she thinks making the columns lineup on her spreadsheet is the solution to everything. She’s Mitt Romney in drag, but the media plans to drag her into the top tier because that’s the narrative. Lindsey Graham: I take a back seat to no man in my loathing of Caitlin Graham, or the “Bro with no ho” as they say in the hood. But, I felt bad for him. He was nervous and his voice was cracking like a teenager. His answers bordered on the bizarre they were so rambling. The look on his face is what you expect from someone reading a note on a hostage tape. You have to wonder why he is doing this. He has no reason to run, nothing to say and he sucks at it. George Pataki: Men who have spent their lives in politics, particularly in east coast states, get very good at these things. They have stood in front of empty rooms and packed houses. They have stood in front of old folks and high school kids, giving the banal speeches local pols give every day. Pataki is a very good speaker, but he would be better off in the Democrat party. His answer on abortion was what moderate Democrats used to say in the 80’s. Jim Gilmore: People forget that Gilmore was a solid governor. It was a different time and a long time ago, but there’s something to say for being a good governor. That’s the trouble. It was a long time ago. He’s another guy who is a good candidate, doing all the little things you want from a politician, except he has no reason to be running. Come to think of it, he had no reason to run for governor. Kiddie Table Post Game The show after the show had the usual collection of chattering skulls from Fox. George Will made me laugh because he has been in the bubble for so long he’s not even sure what time it is. There was a time when Will was a big deal because he was the only non-liberal on TV chat shows. Today he looks like a guy who went to sleep in 1977 and just came out of the coma. It’s kind of tough to watch. I predicted that they would all try to pump air in Fiorina’s tires and I was right. All of the skulls took turns slurping on Carly, insisting she stole the show. One of them was puzzled as to why voters have no idea why Fiorina is running. It’s one of those times where the media reveals something about themselves they try hard to conceal. In this case, they live in the media hive and see the rest of the country as an alien land. We’re talking monkeys to them. The Adult Table The pregame had A-list Fox stars and a packed house, which gave it the feel of a beauty pageant. I think if I were an atheist, I’d point to this as proof there is no God. If there was a God, he would rain down fire and brimstone on any country that picks its leaders this way. I have low standards for this stuff and I was embarrassed to be watching it. Maybe having a hereditary monarch is not such a bad idea after all. Donald Trump: The problem business people have when running for office is they are not very good at being polite to losers. Trump is not used to humoring losers and so he gets ticked off dealing with the press. That’s fine on the stump, but in a debate he just ends up looking surly and unpleasant. Chris Wallace was there to submarine Trump and he did a good job at it. Trump did not help himself very much either. He did not kill his chances, but he is going to have be better at these things if he wants to be a serious candidate. ¡Yeb! Bush: I tend to think ¡Yeb! will be the nominee simply because he has the money, connections and the support of Conservative Inc. National Review has all their folks going off to ¡Yeb! camp through the summer so they can properly pimp him next year. The trouble is he is a dull as dirt. I can’t believe anyone walked away from this thinking he was their guy. I suspect his backers are getting very nervous right now. Scott Walker: On paper, he should be the front runner. He’s a solid conservative. He’s getting better on immigration. he took the full blast of the Cult of Modern Liberalism and stood his ground. I doubt anyone remembers a thing he said in this debate. My sense watching him is he is playing for when Trump goes away so he can take down Bush one on one. He’s going to be the reasonable guy to the right of Bush. Mike Huckabee: There’s a sizable Evangelical vote in the primary and Huckabee knows how to reach that vote. Like Rand Paul, he is a boutique candidate who can live off the land, hoping for something miraculous to happen. Nothing like that happened in this debate, but he did not say anything weird. Ben Carson: I kept thinking Carson was invited because he promised to bring weed. I’m sure he is a nice man, but his answers were incoherent and he stumbled through his answers like a beauty pageant contestant. I’ve heard him a few times and he always sounds confused when answering off-the-cuff. I suspect he vaporized himself tonight as there are other options for people looking for a values candidate. Ted Cruz: He’s the one guy who says exactly what he wants to say on every subject. He’s a trained lawyer and he is the smartest guy in the race. That shines through clearly when he is given time to speak. He comes off a bit too hot for these things and probably for most voters. he’s not a man blessed with charisma. I think he did enough to stick around for a while, but he really needs Trump to go so he can be the man of the right. Marco Rubio: He pretty much disappeared. I never got the point of his candidacy. The reason the party is pushing him as Bush-lite is he is Hispanic, which they think is magical. The rest of us just think he is too young, too dumb and too inexperienced to be taken seriously. Like Carson, I think he goes flat quickly now that his voters have other choices that say the same things. Rand Paul: Rand Paul is right about a lot of things. His highlight was when he disemboweled Tubby over the Fourth Amendment. There’s really nothing better than seeing someone knock a bully on his ass. After that he disappeared. I don’t know if it matters as he is a boutique candidate anyway. But, he probably did enough to stick around and that’s all that matters for him. Chris Christie: The highlight of the night was Rand Paul slapping fatty around over search warrants. I can’t figure out why Christie is running. he should be going for the good government pitch, a prol version of ¡Yeb! Instead he is bellowing like a lunatic about things no normal person would get exorcised over. It’s like he thinks screaming is his thing and he has to do in order to be authentic. John Kasich: What a jerk. That’s what I think every time I hear him speak. He could be a saint, but his TV vibe is fingernails on a chalkboard. He’s another guy who plays too hot for TV. He’s always shouting and pointing. No one wants someone in their living room who is shouting and pointing. I always wonder why no one asks him about being a big shot at Lehman right up until they collapsed. Post Game The media will declare Fiorina the big winner from the junior circuit. That was obvious before this started. They like the idea of the long-shot female candidate trying to break up the pale penis people club. It’s a great example of the hive mentality of the press corp. The big loser is Trump. He looked like a jerk and he did not seem to know much about the issues. Immigration patriots will be disappointed, but they were fools if they thought he was going to win this thing. Trump is a vehicle to shaking up the race and in that regard he was the big winner. My guess is he starts to fade, unless he gets better quickly. The other big loser was Bush. He was just another dull white guy on stage. If you were a Bush man going into this, you saw several options that were better and similar to Bush on policy. Even Fox, which is Bush country, had nothing to say about Bush after the show. I may be biased, but Bush was a big nothing. Watching the DebateI’m not sure if I will watch the debates tonight. I have been meaning to clean the dryer vent for a while and maybe learn how to do a prostate self-exam. In all seriousness, I have a tough time watching these things as they have been turned into talent shows, without the talent. The preening clowns from the media, grinning like chimps for the cameras, asking a bunch of moist robots pointless questions is no way to run a country. I’m not alone. Last cycle, the best numbers for a debate were early on when Gingrich was bashing the press. The debate in August of 2011 got seven million viewers. The rest struggled to break three million, which is 1 out of every 50 households. I doubt the debates have any impact on voter behavior. Romney waxed the floor with Obama in the debates and still lost handily. I think one of the things to watch for tonight is how much of an ass Chris “Thanks Dad” Wallace makes of himself trying to be clever. He’s there to mug for the camera and that means trying to trip up the candidates with silly questions he thinks are clever. Trump’s presence will be too much for him to resist so I expect Wallace to show up wearing big floppy red shoes and a red rubber ball nose. The night is, of course, all about Trump. He’ll get the business from Wallace and how he handles it will be the story. Having Wallace asks the questions probably works for Trump, but you never know. Trump’s act works when he fills the room. Being one guy on a stage of ten may make him look small. That’s what happened to Fred Thompson. Everyone expected the bigger than life TV guy and they got just another guy. The other thing I’ll be watching is how Christie is treated and how he does with his one shot to get attention. I’ve always suspected the media liked him as “good TV, but totally safe on policy.” Take away the bombast and you have Rudy Giuliani in a fat suit. If ¡Yeb! can’t get his act together, the fat man is a good alternative for the party and their media sponsors. I don’t think primary voters feel the same way, but Republicans tend to fall in line, rather than fall in love. That’s the other big story. Can ¡Yeb! arrest his decline. In the candidate forum the other day he was awful. I forgot just how bad the Bush Klan is at speaking in public. They have a way of making good news sound like a cancer diagnosis. Bush needs to give people a reason to like him. Right now he is trading on his name recognition and starting now the other names will become recognized. Personally, I hope he strips naked and runs screaming into the street. The warm-up acts are another area of interest. The kiddie table Fox has set up for the candidates not polling well enough to get a seat at the adult table could be a story of their own. My hunch is the media will be looking for one they can start to champion just to have a story to tell. Narrative journalism requires at least one long shot and plucking a Carly Fiorina from the pack and promoting her fits the narrative. Plus, the press could use her to prove Republicans hate women. I’m going to watch Walker and Cruz. I can’t say I’m a big fan of either guy, but they have a tale to tell. Cruz is the populist firebrand, at least by today’s soft feminine standards. TV is a cool medium that tends not to work well for firebrands. Walker is a boring dork who sounds like a robot, but he has the best resume of the bunch. I’m curious as to how they try to make this thing work for them. Otherwise, this is the first weekend of the NCAA tournament for politics. It’s fun to sort through the candidates and think about how they could win, but we all know the game is rigged. Still, it is fun to see the underdogs score some points and give the big dogs a fight. Football season starts in a month so it fills the time between now and then. Post-Christian WestOn this day 1374 years ago, give or take, A Northumbrian army assembled on a field in the West Midlands, which is on the west (left) side of England. Northumbria was in the northern most territory of England, bordering Scotland. Their leader was a man named Oswald and he was the king of Bernicia. He was the most powerful king on the island, the bretwalda, and the man often credited with the Christianizing the north of England. On the other side was King Penda of Mercia, one of the other kings of the heptarchy. Mercia covered the area that is now called the Midlands, which is conveniently located in the middle of England. Penda was a pagan, the last pagan king of England. Mercia was not very powerful, but they stood in the way of Oswald dominating the south, so they were a natural target for the Northumbrians. On the day of the battle, Oswald, no doubt, stood before his men and prayed to the new God for victory over their pagan enemies. The custom of the age was to promise gifts to the Church and maybe a daughter or son to the Church in exchange for victory.This was one of the many pagan habits the Church tolerated in order to bring the people slowly into the Church. On the other side, Penda most certainly made offerings to the old gods, along with promises of additional sacrifices if they were victorious. The origins of King Penda are a bit murky, but we do know he was a pagan and the pagan faith of Britain was Wodenism. It most likely came over with the Saxons and there’s some evidence that Penda was a Saxon. The Battle of Maserfield probably lasted just a short while. The “armies” of the day were warbands under the command of an Althing or head chief. No one really knows, but the consensus is that armies were at most a few thousand men and probably numbered in the hundreds. In the end, Penda was victorious. Bede describes the outcome as a field made white with the bones of the saints. Oswald, when the battle was lost, is claimed to have knelt and prayed for the souls of his soldiers. Penda had him chopped into pieces and displayed on stakes. If you were alive at the time, particularly if you were a Mercian, you probably thought Christianity was on the run and the old gods were reasserting their dominion. Certainly Christians had their doubts. But, a dozen years later Oswald’s brother killed Penda at the Battle of Winwaed and a dozen years after that Oswiu presided over the Synod of Whitby where the secular and Christian authorities codified Christianity for the whole of England, including Mercia. The point of this blast from the past is to illustrate how the culture can seem to shift very quickly. Even in the slow moving medieval period, a nation could switch religions within a generation. One day you’re helping your father burn the Christian missionary, the next day your son is packing wood under your pagan feet at the behest of the local priest. In a world where the religion of the king is the religion of the people, things can change quickly. A little closer to a our time is the matter of homosexual marriage. In the US, as is usually the case, the rulers impose their fads on the people through the mockery of the court system. That makes it easier for the people to pretend they are a conservative people with a liberal government. The reality is Christianity is dead in America so the people in charge know they will face no resistance. In Ireland, a place to played up by Hollywood as an austere Catholic country, the people rushed to the polls to vote for homosexual marriage. It’s not that they really cared about the gays or that they were smiting the Church. They simply stopped being Catholic. In 1990, 80% of the people went to church each week. Today it is half that number so voting for homosexual marriage was just what the cool kids were doing. The point here is that what you see happening today is a lot like what happened with the spread of Christianity through Europe. It was slow and proceeded in fits and starts. Early Christianity in Britain, for example, was hilarious due to the heavy drinking and fornicating of the priests. The commoners could hardly be held to account by such men, at least on moral issues. Over time, a critical mass of true believers gained the upper hand and Christianity became a defining force in English life. That’s what we’re seeing with the New Religion. It’s not ready to wipe Christianity out completely. It’s simply too ridiculous to be taken seriously by enough people. But, it is making steady progress. If you look at this post from a blogger with a name that is too hard to spell, what you see is the steady erosion of Christianity in America. A third of people under 30 have “no religious affiliation” which means they are not Christian. About half the country does not attend church at all. In New England, the home of liberal fanaticism, church attendance has collapsed, now resembling Europe. The number of church closings in America suggests that self-reporting of church attendance is wildly inflated. Even in the South, which has always been the most religious part of the country, there’s been a decline in church attendance. The Battle of Maserfield seemed to stall or even possible signal a rollback of Christianity, but it was just a blip. Similarly, the eradication of Christianity by people of the New Religion has stalled from time to time, but it is winning and will win in time. Today Christians are stripped of their property for disobeying homosexuals. In a generation they will be banned from public. Like Wodenism, Christianity will be a weird part of the past for future generations. |
https://en.m.wikipedia.org/wiki/Martial_law
A very interesting column.
http://us-presidents.insidegov.com/
COMPLETELY NEUTRAL.
http://www.infowars.com/feds-preparing-to-invade-texas/
Myth #1 – All Dream Act students are
illegal immigrants
Charley Reese's final column for the Orlando Sentinel... He has been a journalist for 49 years. He is retiring and this is HIS LAST COLUMN.
http://www.hrw.org/features/why-immigrant-stories-matter
http://www.hrw.org/features/why-immigrant-stories-matter
http://www.ppic.org/main/publication_show.asp?i=818
http://www.uscourts.gov/FederalCourts.aspx
http://www.youtube.com/watch?v=XeCpLcjxOq4&feature=related
http://www.federalreserveeducation.org/faq/topics/fed_basics.cfm
http://technolog.msnbc.msn.com/
http://www.inthesetimes.com/article/2789/the_prairie_populist_byron_dorgan/
http://www.youtube.com/watch?v=YU0C31atidw&feature=related
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.
The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639 trillion
Not only did the Federal Reserve give 16.1 trillion dollars in nearly interest-free loans to the "too big to fail" banks, the Fed also paid them over 600 million dollars to help run the emergency lending program. According to the GAO, the Federal Reserve shelled out an astounding $659.4 million in "fees" to the very financial institutions which caused the financial crisis in the first place.
Consider this: we pretend that banks are private businesses that should be allowed to run their own affairs. But they are the biggest scroungers of public money of our time. Banks are lent vast sums of money by central banks at near-zero interest. They lend that money to us or back to the government at higher rates and rake in the difference by the billion. They don't even have to make clever investments to make huge profits.
The New York representative is the only permanent member of the Federal Open Market Committee, while other regional banks rotate in 2 and 3 year intervals. The former head of the New York Fed, Timothy Geithner, is now U.S. Treasury Secretary. The truth is that the Federal Reserve Bank of New York has always been the most important of the regional Fed banks by far, and in turn the Federal Reserve Bank of New York has always been dominated by Wall Street and the major New York banks.
"We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though."
"With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly."
"Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise."
"At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency."
"The Federal Reserve is not currently forecasting a recession."
"The GSEs are adequately capitalized. They are in no danger of failing."
"The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress."
"How would the U.S. economy then function? Something has to take its place, right?"
I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.
*Post courtesy of
the Economic Collapse Blog http://planiceland.com/Articles/http://www.youtube.com/watch?v=YNIyn3Thzuk
http://www.youtube.com/watch?v=YU0C31atidw&feature=channel&list=UL
http://ncse.com/evolution/education/definitions-fact-theory-law-scientific-work
http://archives.library.illinois.edu/slc/researchguides/coldwar/freespeech/freespeech.php
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