Category Archives: Democrats

UPDATE II: A Correction’s Coming (‘Default By Inflation’)

Debt, Democrats, Economy, Inflation, Propaganda, Republicans

From John King, USA (CNN statist) to Shepard Smith (FoxNews statist), to Fareed Sakaria (all-round Zombie), to Larry Kudlow: all are agreed that the chief danger to the US economy comes from the debt debate, and not the actual debt.

Causality has been turned on its head in all but one of the Newsspeak-dominated TV programs. Thus it is alleged that the downgrade of America’s credit rating is what will cause the country’s economic downfall, when it is the reverse. First came an economic collapse. Assorted indices are catching up.

Ask yourself this: If the US Treasury was flush with cash—and on a sound footing—would a downgrade of its credit outlook by Standard & Poor’s or Moody’s cause the country to go off the economic cliff? Economic reality dictates an economic demotion—a flight from US Treasuries and the dollar and a concomitant rise in interest rates, because, what do you know? The US is broke.

The latest wheeling and dealing is here.

In this preordained, dead-end debate, default is another fudge factor:

“Federal tax revenues vary by month, but should total around $2 trillion to $2.5 trillion for FY 2011– an average of perhaps $180 billion per month. So clearly the federal government has sufficient tax revenue to make interest payments to our creditors. For now, those interest payments represent about 12 percent of the total federal budget.”

UPDATED I: BASTARDS LOWER THE BAR. The dead-end debt debate reaches a new low. The newsspeak in circulation (and native gullibility, and I’m being charitable) has ensured that Americans now believe that the political stand-off, and not the spiraling spending, is what will seal the country’s economic fate.

The next step?

The players—the people who fund this orgy are at work—arrive at a Grand Compromise to loud fanfare, their own. This “compromise” is truly Orwellian: you make a huge deal about cutting spending just a wee bit more than the rise in the debt ceiling which you’ve okayed.

How far astray from the original goal of slashing the debt have the politicians led a willing people? Well, at least everyone now knows what the S & P is.

Read about the upcoming symbolic vote on Boehner’s plan.

UPDATE II: “DEFAULT BY INFLATION.” As I said above, the natural laws of economics do not obey the (positive) laws politicians make, whatever these creatures ask you to believe. Warns Ron Paul:

“Default is coming. The only argument that’s going on now is how to default, not send the checks out or just print the money. In all countries our size, they always print the money,” Paul said.
“They’re going to raise the debt limit, and then they’re going to print the money, and then they’ll default by inflation, and that’s much more dangerous than facing up to the facts of what’s happening today.”

Dead-End Debt Debate

Debt, Democrats, Economy, Federal Reserve Bank, Ilana On Radio & TV, Individual Rights, Inflation

The following is from “Dead-End Debt Debate,” now on WND.COM:

“The economy is in advanced stages of decrepitude due to debt: public and private. Nevertheless, a just-released ABC News/Washington Post poll revealed that 58 percent of self-identified Republicans believe that if their government doesn’t continue to borrow apace, things will get worse.

In legislative language, our wily political pitch men have been granted license to lift the debt ceiling! Quick-fix quacks in both chambers can now proceed to borrow by further inflating the country’s fiat money supply.

Duly, two broad plans have been hatched. These schemes are aimed at saving financial face, more than slashing spending or trimming America’s gargantuan government. To listen to this school of scoundrels – represented by statists from different corners of the political boxing ring, from Fox News’ Stuart Varney to MSNBC’s Rachel Maddow – not to raise the debt ceiling is plain unpatriotic. … Needless to say that, “Cross-party consensus results when political expediency trumps principle.” …

The complete column is “Dead-End Debt Debate,” now on WND.COM:

My new book, “Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa,” is available from Amazon.

Please note that you can purchase the lower-cost Kindle copy of “The Cannibal” without having to own a Kindle – all you need is a PC or a hand-held device (iPad or phone). This hyperlink describes the free Amazon software application for these devices. So you do not require a new gadget to read the book on Kindle.

A good way to help this work’s mission, and raise awareness of the issues covered in depth and detail in the book, is to post your reviews to Amazon. You don’t have to have purchased the book from Amazon to review it on the site.

Upcoming Mercer media appearances are here. I’ll be talking with Chuck Wilder of “Talk Back” tomorrow, Friday, July 22, from 12:40PM until 1:00PM Pacific

UPDATED: Weiner Worm Poster Boy for Anti-Semitism

Anti-Semitism, Democrats, Economy, Islam, Israel, Judaism & Jews, Left-Liberalism And Progressivisim, Politics, Technology

Someone has to say it. Everyone is thinking it. Better that a Jew do the job gentiles fear doing, and thus defuse the issue. Hypersexual. Hyperbolic. Obnoxious. Pushy. Left-liberal. Bright: These are some of the stereotypes that attach to Jews, at least to Jews of East-European origins. (Herein more information about ethnic dynamics in Israel, ignored by most American pundits.) And these are some of the subsurface traits people have in mind—but won’t mouth—about Rep. Anthony Weiner’s antics. Despite this “engorged organism’s” delusions to the contrary, his appearance doesn’t help matters.

But there’s more. Here’s what makes the Weiner worm more toxic. The Democratic congressman from New York is married to Huma Mahmood Abedin, a gorgeous, modest-looking, evidently devout Muslim woman.

Weiner, a libertine liberal, has demonstrated enormous ignorance of Islam, in general, and of Islam vis-a-vis the Jews, in particular. I can already see placards hoisted high, by angry mobs in the Middle-East, bearing Weiner’s ugly mug. This idiotic Jew has dissed and disrespected a Muslim woman.

Before you brand me a self-hating Jew (and I know that the “Age of the Idiot” dictates that my accuser will so do without searching my writings on Jews/Israel in support of his accusation), listen: In conspiratorial anti-Semitic “thinking”, Jews qua Jews are said to possess certain inherent, immutable, saboteur traits. I disagree. My opinion is this: What makes Jewish misguidedness more pronounced than gentile misconception is that Jews are more likely to rise to the top in many fields and professions, politics included. (See the “THE JEWISH CONNECTION.”)

As to Israel’s very different demographic dynamics: Most Israelis are descended from the Sephardi Jews expelled from Spain and Portugal in 1492 and 1497. From their exile in the Arab countries of North Africa and the Middle East, they fled to Israel as refugees after 1948. Fierce Zionists, Sephardis are as indigenous to the region as the sand dunes and the Sabra cacti. Their loyalty to the Likud Party derives, in part, from a loathing of what the Labor Party stands for, not least, a racist condescension for dark-skinned Jews. Sephardi Israelis often voice hostility to the leftist rank-and-file European Ashkenazis that populate Labor, as they are fed-up with being looked down upon and mistreated by them.

In other words, Weiner would likely be regarded as a foreign organism in Israel.

UPDATE (June 12): ISRAELI ECONOMY. The assertions about the Israeli economy in the comment below probably reflect the lack of coverage of the Israeli private sector achievements by the media. As well as this mummified media’s bias. They are wrong. We just don’t hear much about Israel’s economy. The information can be Googled. I’ve covered it in recent columns, so … search the Mercer archives.

Although Israel’s economy is by no means ideal, it is not much different from Western Europe’s Third-Way, mixed economies, with a respectable per capita GDP. Warren Buffet has invested billions in the private sector there, with good returns.

Israel’s high-tech industry has been on the cutting edge for ages. We Americans (including CNN’s Zomby Zakaria, who knows nothing about “innovation”) like to pretend we’ve invent everything we successfully market. Some of us do. But many times, small companies in Israel (and Asia) do the work, and sell off to big, lazy American companies.

For example, who does our reader think invented Microsoft’s “Kinect,” which is in the Guinness Book of Records as the “Fastest-Selling Consumer Electronics Device” ever? A tiny Israeli outfit called Primesense. (I once watched in horror as one American tot, clearly retarded, pranced in front of this TV-operated invention like an epileptic having a petit mal seizure. This, when my (now-grown) girl would have been building Lego, painting, reading, or playing outside. But the American Idicoracy rising is another issue entirely.)

I am affiliated with the Jerusalem Institute for Market Studies. Those who’re interested in tracking the liberalization of Israel’s economy will get a good idea by following JIMS’ remarkable work in Jerusalem.

This is an old column, but still relevant:

True, Israel’s founding fathers were socialists (although there’s something to be said for voluntary forms of socialism like the kibbutz, in contrast to politically imposed socialism). Born of a collectivist political philosophy, Israel has been progressing, albeit slowly, toward greater economic freedom (as America regresses). Trade liberalization, financial market reforms, increased privatization and decreased regulation have been part of this historical retreat from socialism. But the steady abolition of state subsidies and the enhancement of competition supported by Sharon’s Thatcherite Finance Minister (Bibi Netanyahu) cannot easily offset the effects of endemic violence. Coupled with the slowdown in the U.S. economy, terrorism is one of the main reasons for slumps in the Israeli economy.

UPDATED: Economic Apocalypse Now

America, Constitution, Debt, Democrats, Economy, Propaganda, Republicans, Ron Paul

The following is from “Economic Apocalypse Now,” my latest WND.COM column:

“… On reflection, the U.S. Treasury takes in enough loot to pay down the interest on the debt as well as a portion of the principal. Matching federal spending with federal revenue: what a concept! And what a tonic to our moribund economy that would be!

To the soul of the subject: The engorged organisms (Anthony D. Weiner is a sample) that currently control the economy from D.C. can discharge their responsibility to creditors without authorizing more borrowing. To do so, however, they will have to cease their many unconstitutional endeavors and break the promiscuous promises they’ve made to certain voters at the expense of the vassals, out of whose hides these ‘promises’ are carved.

As it stands, Republicans – and a few Democrats, one of whom has even cosponsored an amendment to cap federal spending – have done no more than perform a budgetary Bonnie and Clyde: If Democrats want to continue the heist and run deficits and debts to eternity, they will need to promise – “nudge-nudge, nudge-nudge; know what I mean? know what I mean?” – budget cuts, preferably in the trillions. Or introduce, not necessarily pass, a balanced-budget amendment….”

Read more: “Economic Apocalypse Now.”

My new book, Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa, is now available from Amazon. A Kindle version should be on offer by next week.

UPDATE (June 5): Rand Paul:

“On the Democrat side, we have a proposal to cut about $5 billion to $6 billion for the rest of the year. To put that in perspective, we borrow $4 billion a day. So the other side is offering up cuts equal to one day’s borrowing.…Now, on our side of the aisle, I think we have done more, the cuts are more significant, but they also pale in comparison to the problem. If we were to adopt the president’s approach, we would have a $1.65 trillion deficit in one year. If we were to adopt our approach, we’re going to have a $1.55 trillion deficit in one year. I think both approaches do not significantly alter or delay the crisis that’s coming.…I recently proposed $500 billion in cuts, and when I went home and spoke to the people of my state, spoke to those from the Tea Party, they said $500 billion is not enough. And they’re right. $500 billion is a third of one year’s problem. Up here that’s way too bold, but it’s not even enough.” —Sen. Rand Paul (R-Ky.) on the Senate floor, March 9, 2011

Pay attention to how the same self-anointed policemen of libertarianism—the tinny ideologues who’ve never reflected authentically American libertarianism—have taken it upon themselves to purge Rand Paul.

On the positive side, it seems like Beltway libertarians such as the author of this fair-minded piece have learned from the mistake they made when they reflexively panned Rand’s father, Ron Paul.