Category Archives: Barack Obama

Hyperinflation Unavoidable

Barack Obama, Debt, Economy, Federal Reserve Bank, Inflation

Let’s see: When did this column begin to warn of hyperinflation? In 2003, together with other Austrian-Americans, in numerous columns, all dismissed by readers back then. The latter were more enamored of the dime-a-dozen neoconservative war harpies. I was persona non grata. Here are a couple of scattered quotes from assorted columns:

Given its debt, the U.S. government is fast becoming a bad risk as a borrower. To finance the war, then, it’ll have to steal over and above the usual call of duty. … inflation is an increase in the money supply by the government. Having adopted deficit spending as an article of faith, Bush will call on the Federal Reserve and the printing press to print money to pay the costs of the war. The endemic price hikes and economic distortions that’ll follow are but a by-product of this legalized counterfeiting. …
… we’re into Keynesian deficit spending—the government is borrowing and inflating the money supply to fund its profligacy, a practice that will accelerate the depreciation of the dollar, and may even lead to the horror of hyperinflation.”

I want you to listen carefully to the hyperinflation forecasts of two formidable Austrian forces (Peter Schiff, naturally, called it). I depart from Marc Faber who forecasts Zimbabwe-style hyperinflation. As I explained in “Inflation 101 For Women Pundits & Other Tyrants,” “few Zimbabweans are now capable of substantial production, the amount of goods in the Zimbabwean economy keeps decreasing. At the same time, the money supply keeps increasing, hence hyperinflation.”

Conversely, “While America’s $12.98-trillion economy groans under the weight of the federal debt, it is still fabulously robust. The private productive sector is just too driven and ingenious to crush.”

I still stand by that statement, with some reservations given the efficiency of the Obama wrecking ball. Moreover, Americans had better start making things. Fast.

Update II: The POTUS & The Pleasure Principle

Barack Obama, Etiquette, Healthcare, Media

They barely reported it, and were mum about the implications: President OBama hit the golf course on Memorial Day. The parrot press pretended it was the thing to do, filibustering with white noise like: “It was not immediately clear who joined the president for the round of golf.”
Every time Bush retreated to cut brush on his Crawford ranch (much to my relief), the same moron menagerie denounced him for dereliction of duty. Denunciations of the disrespect the POTUS showed “our warriors” and a word or two about the “dignity of the office” would have been in place were the media in the habit of speaking truth to the Obama powerhouse.

Did you notice how Barry and Bride routinely get decked-up and fly out for a night on the Town — usually a different town than the one they live in — after their posse shuts it down? Next is a big, shiny Jacuzzi tub on the White House lawn. Mark my words.

Update I (June 1): The Mail Online on THE PRICE OF KEEPING THE POTUS OUT OF MISCHIEF FOR AN EVENING:

“The romantic jaunt is estimated to have cost the taxpayer more than £45,000 in transport and security costs – because the date was in New York.

The President used three planes, one to carry the couple and two to ferry aides and reporters all the way from Washington.

The cost of each flight was thought to be nearly £15,000.

The bill was pushed even higher with the use of two helicopters, one to take the Obamas to catch their plane in Washington and another to zip the party into Manhattan from JFK airport.

Police also shut down New York streets for the motorcade to pass through so they could get to their date on time.”

Update II: Trivial, I know, but scroll down for a glimpse of Michell Obama’s wings—a photo of her ripped back. Freaky.

Updated: Media’s Judicial Jiu-Jitsu For ‘Da Big Man’

America, Barack Obama, Democracy, IMMIGRATION, Justice, Law, Media, Multiculturalism, Race, The Zeitgeist

The excerpt is from my new column, now on Taki’s Magazine, “Big Man Obama and His Diversity Princess”:

“We’ve been ‘spared’ warning of Strongman Obama’s Orwellian overreach because a Big Man has big guns: the menagerie of morons that is the American media.

The Chief is working in the same tradition as The Decider, only with even less scrutiny and far more impunity.

…the media’s judicial jiu-jitsu has been unconscionable. Are the legal writings and judicial rulings of Judge Sotomayor being scrutinized? Not on your life. Right away, the usual menagerie of morons took on the construction of a meta-argument invalidating the GOP’s yet-to-be-made case against Sotomayor, if you get my drift.

An argument against an argument!

From NBC News’ Andrea Mitchell to the lowliest Democratic strategist: all are advising viewers, first, that to oppose Sotomayor is to risk Hispanic ire. And second, that in order to dodge death by demographics, Republicans must continue to court Latinos slavishly.

For example, making too much of Sotomayor’s Wise Latina Woman cretinous comment is unwise for Republicans, the talking twits tell us. Judge Sotomayor suggested in 2001 that ‘a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life.’

The consensus among the commentariat is that this is no time for the GOP to come to the defense of paleface: white judges or white firefighters. (Sotomayor washed her hands off the white, New Haven firefighters, and upheld racial discrimination against them.) The so-called incontrovertible truth at which the Obama media minions are getting is this:

The GOP’s powerbase hangs on Hispanics.

Dogged demographer Steve Sailer has been dispelling this manufactured dogma convincingly for close to a decade …”

The complete column is “Media’s Judicial Jiu-Jitsu For ‘Da Big Man.'”

Miss the weekly column on WND? Catch it on Taki’s Magazine, every Saturday.

Update II: Lady La Raza (Sotomayor: Spanish For Racial Set-Asides)

Affirmative Action, America, Barack Obama, General, Justice, Law, Multiculturalism, Pseudo-intellectualism

Update I (May 29): Go Tancredo! “ALL FOR THE RACE; NOTHING FOR THE REST” is how Colorado Republican Rep. Tom Tancredo encapsulated La Raza’s mission. On CNN, Tancredo went on to call La Raza, to which the newly nominated Lady Justice belongs, a Latino KKK. As I write, the heroic Tancredo is hammering David Shuster, an MSNBC hombre—who tried to pin him up against the wall—refusing to back down, backing-up his words impeccably with a tale of La Raza’s honoring of a gentleman whose cri de coeur was “eliminate the Gringo.”

And you know what? When meek WASPs refuse to turn the other cheek, bullies back down. Likewise, Shuster was shushed.

Update II (May 29): Margaret Warner of the PBS’s News Hour talked to legal scholars Emma Coleman Jordan of Georgetown University Law School and Paul Cassell of the S.J. Quinney College of Law at the University of Utah about Sotomayor’s judicial record. Coleman, an African-American woman, called Sotomayor brilliant. What else? Cassell, who actually could be a candidate for this liberally applied designation, said he had read very many of her decisions and that she “breaks to the Left,” sides with the plaintiff in so-called sexual harassment cases, and has a pedestrian mind that is no match for Antonin Scalia’s. That’s the good news.

As readers have noted in this space, one doesn’t wish for a formidable liberal legal theorist, but, rather, for a plodder; someone who can barely digest the facts of a case, much less find the intellectual wherewithal to apply critical race theory to the facts. You don’t want a woman capable of expansive theoretical formulations. However, it is quite clear that this is a double-edged sword; it portends a gravitation toward group think. I am Latina hear me roar, and all that stuff. Sotomayor is Spanish for racial set-asides. It is quite clear from Staurt Taylor’s stellar coverage (National Journal Online) that Sotomayor thinks racial groups ought to be represented in a society’s institutions commensurate with their percentage in that society. An absence of such representation, in this post hoc illogic, indicates discrimination. A subtle mind indeed.

(May 28): In a previous post I said that Obama, who is married to an intellectual pygmy — a mediocrity who graduated from an Ivy League university — seems wedded to the idea of entrenching her ilk everywhere. Pat Buchanan’s on the same page, although Mr. Buchanan is more positive than I am about the Republican’s capacity to counter Obama:

“The process by which Sotomayor was selected testifies to what we can expect in Obama’s America. Not a single male was in the final four. And she was picked over the three other women because she was a person of color, a ‘two-fer.’ Affirmative action start to finish.

Reading 30 of her opinions, GW law professor Jonathan Turley found them ‘notable’ for ‘lack of depth.’

Liberal law professor and Supreme Court expert Jeff Rosen of The New Republic reports, after talking to prosecutors and law clerks, that Sotomayor covers up her intellectual inadequacy by bullying from the bench.

The lady is a lightweight.

What should Republicans on the Senate Judiciary Committee do?

Abjure the vicious tactics Democrats used on Robert Bork, Clarence Thomas and Sam Alito. Lay out the lady’s record. And let America get a close look at the kind of justice Barack Obama believes in.”