Archive: January, 2014
Meet the Kronies!
The Most Realistic Action Figures Ever!
Charles is interviewed about Yellen and the Fed, NSA Snooping, Gold, and more…
Warfare, Welfare, and Wonder Woman — How Congress Spends Your Money
Supporters of warfare, welfare, and Wonder Woman cheered last week as Congress passed a one trillion dollar “omnibus” appropriation bill. This legislation funds the operations of government for the remainder of the fiscal year. Wonder Woman fans can cheer that buried in the bill was a $10,000 grant for a theater program to explore the comic book heroine.
That is just one of the many outrageous projects buried in this 1,582 page bill. The legislation gives the Department of Education more money to continue nationalizing education via “common core.” Also, despite new evidence of Obamacare’s failure emerging on an almost daily basis, the Omnibus bill does nothing to roll back this disastrous law.
Even though the Omnibus bill dramatically increases government spending, it passed with the support of many self-described “fiscal conservatives.” Those wondering why anyone who opposes increasing spending on programs like common core and Obamacare would vote for the bill, may find an answer in the fact that the legislation increases funding for the “Overseas Continuing Operations” — which is the official name for the war budget — for the first time since 2010. This $85 billion war budget contains $6 billion earmarked for projects benefiting Boeing, Lockheed-Martin, and other big defense contractors.
– Read the rest HERE
U.S. Gold is Gone!
Former Assistant Treasury Secretary Paul Craig Roberts in an interview with Greg Hunter makes some eye-opening claims:
“The stocks of gold at the Bank of England seem to be disappearing. The stocks of many of the gold trusts, such as GLD, are being looted . . . all of this gold is disappearing into Asian markets. The entire West is being drained of gold.”
Roberts contends that America’s gold is “mainly gone.”
“They obviously don’t have any because, if they did, they would have given Germany’s gold back. If they had any, they would let people audit the vaults.”
“The point is the ability to continue selling these ‘naked shorts’ is now disappearing because there is no gold left to back them up. . . . None of these EFT’s has the gold to back the shares. The ability to continue looting them in order to make good on gold deliveries is running out. So, this will prevent the Fed from selling ‘naked shorts’ to protect the dollar from its policy of quantitative easing.
That’s what’s it’s all about. You can’t print $1,000 billion new dollars every year without causing other holders of dollars to wonder about the value of the money and to seek a way of getting out of it. China has been doing that by going into gold.”
“There is no reason for partial delivery if you have the gold.
“If people in the West try to move from dollars into bullion and there’s not any to speak of, then you would see a massive rise in the price.”
– More from USA Watchdog HERE
Ending America longest wars may prove to be Barack Obama’s legacy
“He ended one war and kept us out of any other,” is the tribute paid President Eisenhower.
Ike ended the Korean conflict in 1953, refused to intervene to save the French at Dien Bien Phu in 1954, and, rather than back the British-French-Israeli invasion, ordered them all out of Egypt in 1956….
Ending America longest wars may prove to be Barack Obama’s legacy.
As we look back at our interventions in the 21st century, where are the gains of all our fighting, bleeding and dying?
We know the costs — 8,000 dead, 40,000 wounded, $2 trillion in wealth sunk. But where are the benefits?
After Moammar Gadhafi fell in Libya, the mercenaries he had hired returned to Mali. The French had to intervene. In Benghazi, the city we started the war to save, a U.S. ambassador and three Americans would be murdered by terrorists.
Libya today appears to be breaking apart.
While Gadhafi was dreadful, what threat was he to us, especially after he had surrendered his weapons of mass destruction?
In Egypt, we helped overthrow President Hosni Mubarak and hailed the election of the Muslim Brotherhood’s Mohammad Morsi.
A year later, we green-lighted Morsi’s overthrow by Mubarak’s army.
Terrorism has returned to Egypt, the Sinai is now a no man’s land, and almost all Egypt hates us now.
The Shia regime we brought to power in Iraq has so repressed the Sunnis that Anbar province is now hosting al-Qaida. Fallujah and Ramadi have fallen. President Nuri al-Maliki is asking for U.S. weapons to retrieve Anbar and for U.S. personnel to train his soldiers.
Unlike the bad, old Iraq, the new Iraq tilts to Tehran.
Afghan President Hamid Karzai has refused to sign a status of forces agreement giving our troops legal protections if they remain. This could cause a complete U.S. pullout in 2014, leading to the return of the Taliban we drove out in 2001.
Sunday saw terrorism in the heart of Kabul, with a restaurant favored by foreign officials targeted by a car bomb, followed by a machine-gunning of dining patrons in which 21 were killed.
Americans have fought bravely there for a dozen years.
But how has our nation building in the Hindu Kush benefited the good old USA?
Pakistan, with nuclear weapons, has become a haven of the Taliban, perhaps the most dangerous country on earth. Anti-American elements in the Khyber region have, because of our drone attacks, been blocking a U.S. troop exodus to the sea.
How enduring is what we accomplished in Afghanistan?
Last summer, Obama, goaded by democracy crusaders and the War Party, was about to launch strikes on Syria when America arose as one to call a halt.
We did not attack Syria. Had we, we would have struck a blow for an insurgency dominated by the al-Nusra Front and Islamic State of Iraq and Syria. The ISIS goal? Detach Anbar from Iraq and unite it with jihadist-occupied sectors of Syria in a new caliphate.
Can we not see that Bashar Assad’s worst enemies are ours as well?
13 Problems Only Libertarians Will Understand
When “the free market” gets blamed for economic meltdowns and depressions…
When conservatives claim to love small government…
When you see an “Obama 2012” bumper sticker next to a peace sign…
When you feel like a liberal around conservatives and a conservative around liberals…
When people say that the terrorists hate us for our freedoms…
When the news discusses Duck Dynasty and Miley Cyrus instead of the NSA and Edward Snowden…
Editor, New York Daily News
Mayor Bill de Blasio promises that, in addition to making incomes in New York City more equal, he’ll also shut down all horse-drawn carriages (“Bill de Blasio says he won’t horse around over New York’s controversial carriages,” Dec. 31).
In other words, while Mr. de Blasio’s thinks it “inhumane” for entrepreneurs to harness horses with bridles and yokes so that customers can enjoy paid rides, he thinks it noble for politicians to harness high-income-earning human beings with the yoke of taxes and the bridle of regulation so that other people can enjoy free rides.
I say ‘neigh’ to such “Progressivism.”
Donald J. Boudreaux
Professor of Economics
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030
Are we on the brink of war? Academic sparks debate by drawing comparisons between 1914 past and 2014 present
A century ago, a simple assassination was enough to topple a tenuous balance between the old and new worlds. The resulting war killed millions and spanned the globe. Is history about to repeat itself?
The year was 1914. The world was experimenting with economic globalisation.
Optimists believed this new world economy would eliminate war.
But the concept proved to be in conflict with old notions of empire and fresh attitudes of expansionism.
There was friction between the industrial and military powers of the “old” world and the ambitions of the revitalised “new” economies.
Add a century to the date and ask yourself: does this scenario sound familiar?
According to Oxford professor of international history Margaret MacMillan, it does. Her essay addressing China’s recent flexing of its economic and military muscles has sent ripples around the world.
What? Declining price and skyrocketing demand?
How does that happen?
Jim Rickards in the author of the highly recommended Currency Wars. (Disclaimer: Not only do Rickards and I share the same publisher, we also have the same editor.)
In this Bloomberg TV interview Rickards explains that the stage is set for for much higher gold prices and how it happens that the gold price has fallen even as he demand for physical gold has risen.