Category Archives: Journalism

‘Audit the Fed!’

Conservatism, Federal Reserve Bank, Founding Fathers, Inflation, Journalism, libertarianism, Republicans, Ron Paul

What I appreciate about Jack Hunter, also a Taki’s Magazine writer, is the way he marries solid principles and a pragmatic approach to politics. Unless a commentator achieves this feat in a consistent, principled manner, he is worthless. Yes, worthless! Some of our readers have been seduced by the habit so many libertarian scribblers have of vaporizing libertarian theory into the ether, while sitting on the fence and playing holier-than-thou when it comes to politics. Worthless as it is easy. Aside from the pleasant Southern lilt, Hunter has a natural knack for cleaving to reality while retaining principles. In ‘Audit the Fed!’ he narrates thus:

“While Bush and McCain were ‘abandoning free-market principles to save the free-market system’ by signing off on an $800 billion Wall Street Bailout, the Republican establishment still treated the truly free-market Ron Paul as some sort of crazy, irrelevant money crank.

It’s amazing the difference a year makes.

As of this writing, every single Republican in the House and over 60 Democrats have co-sponsored Paul’s H.R. 1207 Federal Reserve Transparency Act, which calls for an audit of the Federal Reserve. Given the current economic crisis, it turns out that many legislators are eager to see just how the Fed is able to print new money out of thin air. In the 1980’s, Paul introduced similar legislation with virtually no help from his fellow Republicans. In 2009, the entire party has lined up behind Ron Paul.”

Listen here.

'Audit the Fed!'

Conservatism, Federal Reserve Bank, Founding Fathers, Inflation, Journalism, libertarianism, Republicans, Ron Paul

What I appreciate about Jack Hunter, also a Taki’s Magazine writer, is the way he marries solid principles and a pragmatic approach to politics. Unless a commentator achieves this feat in a consistent, principled manner, he is worthless. Yes, worthless! Some of our readers have been seduced by the habit so many libertarian scribblers have of vaporizing libertarian theory into the ether, while sitting on the fence and playing holier-than-thou when it comes to politics. Worthless as it is easy. Aside from the pleasant Southern lilt, Hunter has a natural knack for cleaving to reality while retaining principles. In ‘Audit the Fed!’ he narrates thus:

“While Bush and McCain were ‘abandoning free-market principles to save the free-market system’ by signing off on an $800 billion Wall Street Bailout, the Republican establishment still treated the truly free-market Ron Paul as some sort of crazy, irrelevant money crank.

It’s amazing the difference a year makes.

As of this writing, every single Republican in the House and over 60 Democrats have co-sponsored Paul’s H.R. 1207 Federal Reserve Transparency Act, which calls for an audit of the Federal Reserve. Given the current economic crisis, it turns out that many legislators are eager to see just how the Fed is able to print new money out of thin air. In the 1980’s, Paul introduced similar legislation with virtually no help from his fellow Republicans. In 2009, the entire party has lined up behind Ron Paul.”

Listen here.

Update III: Socialist America Sinking

America, Founding Fathers, IMMIGRATION, Journalism, Liberty, Old Right, Political Philosophy, Socialism, Taxation

In “Socialist America Sinking,” Pat The Patriot pulls open and holds back a curtain to reveal what the blind and bombastic leadership and commentariat don’t see: an America in permanent decline, “far … off the course the Founding Fathers set for our republic”:

“In the Declaration of Independence, Thomas Jefferson called George III a tyrant for having ‘erected a multitude of new offices, and sent hither swarms of officers to harass our people and eat out their substance.’

What did George III do with his Stamp Act, Townshend Acts or tea tax to compare with what is being done to this generation of Americans by their own government?

While the hardest-working and most productive are bled, a third of all wage-earners pay no U.S. income tax, and Obama plans to free almost half of all wage-earners of all income taxes. Yet, tens of millions get Medicaid, rent supplements, free education, food stamps, welfare and an annual check from Uncle Sam called an Earned Income Tax Credit, though they never paid a nickel in income taxes.

Coming to America to feast on this cornucopia of freebies is the world. One million to 2 million immigrants, legal and illegal, arrive every year. They come with fewer skills and less education than Americans, and consume more tax dollars than they contribute by three to one.

Wise Latina women have more babies north of the border than they do in Mexico and twice as many here as American women.

As almost all immigrants are now Third World people of color, they qualify for ethnic preferences in hiring and promotions and admissions to college over the children of Americans.

All of this would have astounded and appalled the Founding Fathers, who after all, created America – as they declared loud and clear in the Constitution – ‘for ourselves and our posterity.'”

[SNIP]

A must read, as is the case with most of Mr. Buchanan’s columns. He is assuredly one of the few patriots left among the government-fed news filters.

Update I July 20): Actually, there is no chance of “turning things around”—not so long as the US practices unfettered immigration, importing millions of people each year, into a country that no longer transmits or practices its founding values. The nature of immigration policies is such that it ensures most newcomers will end up consuming rather than paying taxes, and voting for more and more Statism. I wish people would realize that there will be no liberty when America is a Third World country. The reason Americans refuse to articulate this simple fact—that the American people are being dissolve and a new people elected—is, I suspect, because they are brainwashed about the wonders of diversity and multiculturalism, and have been taught that America is nothing without this tsunami of immigrants.

So no, Pat knows as I do that it’s all over. Pat is sad. Smart people will be sad.

Update II: Myron; you misunderstand Pat, who is 100% correct in his assertion about taxpayers vs. tax consumers. He is referring to those people–50% or so–who get back more from you and me than they pay in all taxes combined. I call them net tax consumers.

Update III: As I mentioned, people refuse to concede–are unable to due to a hippie, left-liberal state of mind—that not all immigrants come to this country to be rugged individualists. In fact, most are lured by a generous welfare state. Or, as I have pointed out a million times in immigration columns; one productive immigrant brings in a tribe (under the family reunification program), which falls to you and me to support.

The premise for our good reader’s optimism is precisely what has just been said: the goodness of the immigrants the law selects. So what if the economy is rapidly being socialized? There are still a few Atlases who carry the $13 trillion economy on their weakening backs. It takes a while to break the backs of the best. Decades hence, immigration will slow. Until then, the hordes will come to feed at the trough, which is still relatively full compared to other troughs.

But as I complain again and again, a liberal state of mind among Americans refuses to recognize that American immigration policy guarantees that socialism spread like kudzu. But since we have a mixed economy; not one in which all the means of production are nationalized, there are still a sufficient number of good people for the parasites—via the state—to feast upon for decades to come.

Update II: Michael Revivalist Revelry

America, Journalism, Media, Music, Pop-Culture, Sarah Palin, The Zeitgeist

Civilians are dying in Iraq; soldiers in Afghanistan, Putin, his little helper (Dmitry Medvedev), and the patriotic Russian people, are getting the better of Barack; China’s Uyghur minority is going ape on its Han majority, Zelaya is seeking solace from Clinton—Bill, that is; key Irani clerics have dismissed the results of the vote (that’s good news; sensible non-interventionist wanted any findings to issue from Iran)—all the while, America’s cable news channels have been glued for hours-on-end to the formless shape of Rev. Al Sharpton, and other other black entertainers, swaying to the sounds of a pop singer passed. The same specter has occupied the front-pages of major newspapers.

To paraphrase Pat Buchanan, a silly people living in serious times.

Perhaps our Alaskan lass gets it. Having, we hope, seceded from “politics as usual,” Sarah went fishing with her hunk and her adorable kids. I hope she’s winking in the direction of Russia, and having a laugh at the expense of the self-important Obamas.

Update I: Marc Lamont Hill, Ph.D, Bill O’Reilly’s token black intellectual (read: a man who is clearly a product of America’s system of racial promotion, and doesn’t make O’Reilly’s lack-luster intellect too obvious), said: “Michael Jackson is the greatest child prodigy since Mozart.” Good grief. This man teaches at an elite university and he cannot distinguish between a Mozart and a songster, who was able to write a simple, three-chord jingle and dance to it; and who couldn’t even play an instrument proficiently, much less compose a symphony or an opera?

For this music lover—Bach, anytime anywhere—that was the most obscene comment to come out of the “wall-to-wall Michael Jackson coverage.” Writes Debbie Schlussel, with equal disgust: “the only people I feel for at this funeral circus are those kids. Sad to see his daughter, Paris Michael Jackson, cry. It’s probably the only sincere moment in the entire thing. The rest are just phonies glomming [sic] onto a successful circus act.”

[SNIP]

Bubbling up from this sewer of coverage, so emblematic of American society, was the repeated refrain that MJ managed to transcend race and gender. How stupid. The man was tortured by his race and his looks. The latest reports detail the shocking lily-white color of his frail, emaciated body, and the fresh track marks along his snow white bony arms. This was a man wracked by hate for his original looks. It takes self-loathing to voluntarily transform yourself—through dangerous, disfiguring, bone-crushing surgery—from a black young man into a no-nosed elf whose facial structure—the bones—had been chipped away to render a concave, collapsing mess, both sexless and raceless.

As for MJ’s alleged genderless “achievement”: the claim that Jackson was gay is certainly silly. He was clearly childlike and quite innocent. He didn’t have a history of affairs, male or female, and there was no evidence of child-molestation, although there was ample evidence that MJ assembled around him grafters who did not hesitate to use their kids to blackmail a childish man with means.

Update II: Jackson’s adopted daughter is a lovely little girl, who doesn’t sound remotely like the Valley Girls infesting that state. I dread to think how she’ll fare if one of the sisters takes her in. MJ seems to have imparted some manners to his kids.

“Ever since I was born, daddy has been the best father you could ever imagine.”—PARIS KATHERINE JACKSON, Michael Jackson’s 11-year-old daughter, at the pop icon’s memorial service Tuesday.