Category Archives: Economy

Where Magic Wins Out Over Reason

Africa, Colonialism, Economy, Ethics, Foreign Aid, Free Markets, Free Will Vs. Determinism, Individualism Vs. Collectivism, Political Correctness, Propaganda, Pseudo-history, Racism, Socialism, The West

The following is from “Where Magic Wins Out Over Reason,” now on WND.COM:

“The images coming at us from Somalia are too horrible for words. And I don’t mean the sight of celebrity journo Anderson cooper and his CNN sidekicks standing in the neighboring Kenya, and blaming, against all evidence, the ‘worst drought in 60 years’ for mass starvation in Somalia. As BBC tells it, the drought ‘has gripped only parts of Somalia,’ and then only ‘since June.’

You have flint for a heart if the images of children starving slowly do not reduce you to tears. Aidan Hartley of the London Spectator describes these distended-bellied, dying innocents as ‘martian-headed skeletons,’ whose emaciated little bodies have begun to eat up their fat reserves and muscle proteins. Many, if not most, will succumb to slow and agonizing organ failure.

In conjunction with ‘the drought’—isn’t Texas experiencing one of those—Cooper and company (joined by other cretins on Cable) have mentioned the menace of the Islamist group al-Shabab, which ‘rules over the population in a style reminiscent of Pol Pot’s Cambodia crossed with the Taleban.’

However, Hartley imparts what Cooper is incapable of imparting—and what any vaguely knowledgeable journalist writing about Africa knows: ‘war caused this famine.’ In this case, internecine warfare was compounded by foreign, military intervention courtesy of the duopoly I dub the ‘Anglo-American Axis of Evil,’ in my new book.

Washington and Westminster (and their special forces) galvanized a neighboring Ethiopian gang to invade southern Somalia and occupy Mogadishu. ‘The objective,’ explains Hartley, ‘was to expel Islamists alleged to have been linked to al-Qaeda.’ And never mind that, ‘Under the Islamists, the city was enjoying its first period of relative peace since Somalia collapsed into civil war in 1991.’

Hunger in the Horn of Africa is not something Cooper is capable of understanding, let alone explaining to his fans on twitter. Contra Cooper, Hartley has not pruned the evidence. As jaundiced a journalist as he is, however, Hartley has failed to look deeper into the heart of darkness that is Africa.

“Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa” fills this gap…”

“Into the Cannibal’s Pot” is available from Amazon.

The complete column is “Where Magic Wins Out Over Reason,” now on WND.COM.

If you’re interested in syndicating my weekly, WND column, kindly email me for details at ilana@ilanamercer.com. “Return to Reason“ is WorldNetDaily’s longest standing, exclusive libertarian column.

Day-Time Tripping Over Triple A

Barack Obama, Business, Debt, Democrats, Economy, Elections, EU, Europe

In a world in which the written word is rapidly ceding to sound and images, good luck with finding the transcripts of President Barack Obama’s latest address. I’ve captured some of BHO’s verbal vapors for you. In responding to market madness, Obama, by the way, has said exactly what Bush or any Republican president would have said in his place—and that goes for mega Chris Christie, the Lovable Great Leader GOP devotee Ann Coulter fantasizes about.

Essentially, BHO believes that the downgrading of the US’s credit rating was a function of the country’s mischievous political shenanigans: the leadership’s wrangling over the debt ceiling, and not the debt itself.

Standard & Poor’s, the money market’s mortician, was reacting to our dysfunctional political system—to gridlock on Capitol Hill—and not to any economic reality.

US credit, says BHO, is still among the safest in the world. How does he know this? The rest of the world—Europe, Asia, etc.—are faring worse than we are. This is the sum-total of CNN and MSNBC’s “crayon level thinking”; the mantra John King USA, Ali Velshi (Egghead), Wolf Blitzer and Chris Matthews find persuasive.

But from the fact that the world is in bad shape it doesn’t follow that the US is better off.

BHO further galvanized the opinion of wealthy statist Warren Buffett who claims the USA deserves and quadruple A rating.

Yes, yes, we need to effect long-term changes, confirmed Zero, but we have already done all that can be done on the deficit and debt reduction fronts. The time now is ripe for “tax reform,” and mere “modest adjustments” to the large social programs (referred to for good reason as Third-Rail issues, because their reform is so popular with politicians and the people. The latter don’t ever want to be without the warmth of the government udder; the former don’t want to have to make a living in the real job market).

Reiterating the Matthews and Maddow “crayon level thinking,” Da Man went on to warn that any further cutting in government programs would … would… would—here I invite the reader to complete BHO’s warning with the most horrible scenario he can possible imagine. My choice: Donald Trump gets elected.

The president called on the country’s planners to show good will and promised the country—BEHOLD!—another committee, which, as this wily fox well knows, is one way to bury an issue for good.

Cutting the distribution machine that has crippled America’s private economy would be deadly to this very economy—so claims BHO. Thus, deficit spending on programs such as unemployment insurance must be extended. To be fair to this ass with ears, the president did tout the payroll-tax cut.

The Money Market’s Mortician

America, Debt, Economy, Elections, Europe, Federal Reserve Bank, Inflation

When Standard & Poor’s cut the American credit outlook to negative, one Canadian wag mocked the credit ratings agency’s “special talent for arriving at the morgue and predicting the demise of the deceased.”

Now the money market’s mortician has made it official:

Via the WSJ: “Standard & Poor’s said U.S. Treasury debt no longer deserved to be considered among the safest investments in the world. S&P removed for the first time the triple-A rating the U.S. has held for 70 years, saying the budget deal recently brokered in Washington didn’t do enough to address the gloomy long-term picture for America’s finances.”

Ask Vladimir Putin, who knows a lot more about inflation that does “Zero,” and he’ll tell you that downgrading obligations such as have been incurred by the USA to an AA+ score is still too optimistic.

The mighty USA’s finances “rank below Liechtenstein and on par with Belgium and New Zealand.”

Be Afraid: The Proof is in the Putin

America, Debt, Economy, Federal Reserve Bank, Foreign Policy, Government

The following is an excerpt from “Be Afraid: The Proof is in the Putin,” my new, WND.COM column:

“Left and right, the cable commentariat is currently engaged in a cut-and-thrust over the use of strong words in politics. In particular, does ‘terrorism’ describe the initial reluctance of some tea partiers to support the US government’s set-in stone spending?

Lost in this silly squabble is the following: ‘the second coming of the Republican revolution,’ as Politico.com dubbed the tea party contingent on Capitol Hill, failed to defuse the threat of the debt. Only 28 tea-party freshmen voted against the ballyhooed “Budget Control Act Amendment.”

Listen to the words of one wily politician whose country’s central bank holds almost 40 percent of dollars as reserve currency. Vladimir Putin’s response to the debt compromise was pitch-perfect, given the stakes stateside and beyond. This via RT and Press TV, respectively:

‘The current deal struck by US lawmakers will not solve the underlying issues. This colossal debt, $14 trillion or more, means that the country has been living on credit, which is really bad for one of the world’s leading economies. They live beyond their means, and put a part of their burden on the entire world’s economy. … The country is … shifting the weight of responsibility on other countries and in a way acting as a parasite.’

Having impressed themselves no end, the lawmakers who came up with the “Budget Control Act Amendment” don’t impress Putin much.

So what was the deceptive deal that was endorsed by 59 of the already stale tea-party freshmen, and got enthusiastic whoops from many among mainstream media’s menagerie of morons? …”

The complete column is “Be Afraid: The Proof is in the Putin.”

If you are interested in syndicating my weekly, WND column, kindly email me for details at ilana@ilanamercer.com. “Return to Reason“ is WorldNetDaily’s longest standing, exclusive libertarian column.

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

Raise awareness of the issues covered in depth and detail in the book by posting your reviews to Amazon. And you need not have have purchased the book from Amazon to review it on the site.