UPDATED: Euro-Bondage & The Next Tier of Tyrants

Constitution, Debt, Democracy, Economy, EU, Europe, Federal Reserve Bank, Foreign Policy, Nationhood, Political Economy

The following is excerpted from “Euro-Bondage & The Next Tier of Tyrants,” my new WND.COM column:

“On Wednesday, Sept 7, patriotic Germans received bad news. A group of jurists and economists had petitioned the German Constitutional Court in Karlsruhe. Their case was that Germany’s ‘participation in the euro rescue fund packages’ undermined the democratic and property rights of German citizens, as elected officials had little say in these deals.

The high court rejected these arguments, although it did crack a Teutonic joke: Presiding judge Andreas Vosskuhle recommended that, in the future, the people’s representatives get more involved in deciding how the money of constituents is distributed.

The contagion of the sovereign debt crisis in Europe has been exacerbated by the financial collectivism imposed by the Eurozone and the wider European Union (EU), whereby the more productive member-states foot the bill for their profligate neighbors. The latter “PIGS” states are Portugal, Ireland, Greece, and Spain.

And now Italy; it is teetering because of the Italian government’s liabilities—compounded, as in Greece, by the insatiable demands of an ever-accreting oinks sector.

A world perfected by global central planners is one in which wealth consumers live at the expense of wealth creators; where the rich are coerced into paying for the poor, the North for the South.

In this increasingly centralized dispensation, financier-cum-philanthropist George Soros holds sway. Soros has generally acted against the sovereign coin, and as a proxy for centralized power and bankers.

Just last year, Soros attempted to muscle Germany’s Chancellor Angela Merkel into printing and inflating her country’s currency—perhaps not to Weimar-Republic levels, but to Obama banana-republic standards …”

Read the complete column, “Euro-Bondage & The Next Tier of Tyrants,” now on WND.COM.

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

A newly formatted, splendid Kindle copy is also on sale.

UPDATE: Americans have just heard their insufferable president propose $400 billion more in deficit-spending, to be paid for not by cuts to government but by a future, slowdown in the rate of the growth of government, over ten years.

How bad are American federal policy makers? Put it this way: The European Central Bank is more prudent than the Federal Reserve Bank, by far: It has raised interest rates over the last few years. Moreover, as bad as the Eurozone’s bailout culture has become, debtor countries have been forced to commit to austerity measures as a condition of bailout. Any parallels in the US?

Another point in favor of the Europeans: the EU is more likely to dissolve than these United States.

UPDATED: Mañana: Manna Will Fall From DC Heavens (Bunk Obama)

Barack Obama, Debt, Economy, EU, Europe, Federal Reserve Bank, Journalism, Media, Political Philosophy, Regulation

Streamed into American living rooms, almost hourly, is an ad with MSNBC commentator Rachel Maddow. In the ad, Maddow, whose version of a tinfoil hat is the hardhat, has taken up a position at the foot of the Hoover Dam. Face turned upwards, with childlike faith, she seems to be expressing hope that money will fall like manna from the DC heavens, and that the government will build another such giant dam. Rumor has it that the Messiah will deliver. Mañana.

More to the point, the American cognoscenti, monetary movers-and shakers included, are agreed: The make-work projects of a bankrupt government can cure a country’s economy. Perhaps they don’t know that the money to make work is either stolen (taxed), printed (theft by stealth), or borrowed (fraud if you can’t pay it back).

Among these people a consensus exists: National bankruptcy could never befall the US, because it has a printing press—a paper Pantheon where magic money is manufactured. And we are all expected to believe, based on the divination of the animal spirits, that an abundance of paper, and not production, will produce prosperity.

No less a moocher than the Greek Finance Minister seems to understand that to fix his country’s finances he must privatize industries, cut public-sector wages, and implement a range of labor-market reforms.

He gets it, but not Rachel Maddow. She’s waiting for BHO to deliver. Tomorrow.

UPDATE (Sept. 8): BUNK OBAMA. Please don’t expect a run-down of Zero’s latest plan to spend more money without incurring any more debt. That’s the administration’s claim for its latest political shenanigans.

I’ll be bunking Barack’s speech.

“Illinois Republican Rep. Joe Walsh was the first to announce his intentional absence last week, saying he didn’t want to act as a ‘prop’ for Obama’s speech.” Others have followed, including Ron Paul, who had set the precedent for skipping presidential extravaganzas.

How low have we fallen: The White House is touting
an enhanced live stream with charts, graphs, and quick stats at WhiteHouse.gov/live.” Yippee. ONLY NEXT WEEK will the president divulge how he intends to pay for the purported $400 billion in deficit-spending he will be proposing, shortly.

If the guy meant business, he’d repeal ObamaCare and all the thousands of pages of other regulation he has signed into law since his pox-full presidency began. He’d adopt flat, very LOW, corporate and individual tax rates. And he’d stop stimulating his package in public. It’s obscene.

UPDATED: Scheuer: Big Bad Israel Vs. Poor Little Empire (The ‘Sir’ Thing)

America, Anti-Semitism, Education, Foreign Policy, Israel, Political Economy, Technology

Michael Scheuer is so predicable in his attempts to be unpredictable. I knew right away what Scheuer would say when Judge Napolitano, of Freedom Watch, brought up the matter of US spying on Israel. The Jewish State is no ally; it deserves what it gets, said Scheuer.

Oh the contradictions! The likes of Scheuer see the US as a bad actor everywhere around the world. Except when it comes to the Jewish State. When it concerns Israel, big bad America suddenly becomes poor little Empire.

Inconsistency in thinking is never a nice thing to behold.

Scheuer also claimed that Israel has been stealing America’s intellectual property, an assertion for which he offered no evidence.

Who do you think invented Microsoft’s “Kinect,” which is in the Guinness Book of Records as the “Fastest-Selling Consumer Electronics Device” ever? Scheuer would like to claim the invention for the US, but it belongs to an Israeli outfit called PrimeSense.

Jealously is as ugly as inconsistency. My sources in the high-tech industry confirm that Israel has been on the cutting edge for quite sometime. Significant is the trend. And it is unmistakable: “Emerging markets,” as Israel is, are becoming freer, whereas America is becoming less free. The devil is in that detail.

Moreover, there is the issue of education. Take Germany. It is socialistic like Israel, but has a splendid education system, which remains unburdened by political correctness. The Germans run the same sort of schools I attended growing up in Israel, where, because no pedagogue believes all kids are created equal, students are streamed into different tracks. Israel, I suspect, is unencumbered by the kind of education system that graduates retarded kids as America does.

UPDATE: THE “SIR” THING. Kerry, it’s uncanny. I was thinking the same. Scheuer’s habit of saying “Sir” constantly is his way of appearing like a straight arrow. You know; like man with military discipline. “Take what I say to the bank, Sir.” It’s so phony.

Perry’s Political Pedigree

Democrats, Elections, Republicans, Ron Paul

Ron Paul was one of only 4 congressmen to endorse Ronald Reagan’s campaign for president. After Reagan, Al Gore found an enthusiastic cheerleader in Texas, who looked nothing like a Dallas Cowboys cheerleader. According to the latest Campaign For Liberty ad, Rick Perry helped lead the Al Gore campaign to undo the Reagan Revolution. The Paul Campaign’s pitch about an untrustworthy Perry is persuasive. Rudderless is also a good description for the core of Perry.