Saturday, November 9, 2013

The Education of a President

Despite having a degree from Harvard Law School, our President's most expensive educational experience has taken place over the past five years.  Since taking office, the national debt has increased over 57%, and is on track to double under his Presidency.  Trillions of dollars later, our economy is still anemic.  People are leaving the workforce in droves, and seemingly 'giving up'.  Real unemployment is approaching a double digit rate if one were to factor in the amount of people that have left the workforce.  Obama's real legacy thus far is an underemployment rate equivalent to 10% - something unheard of since Jimmy Carter's Presidency of 'malaise'.

One would hope that Obama has learned from his multi-trillion dollar mistakes and will reverse course - however this is not the case.  Perhaps after he has doubled the national debt and the total cost to the American taxpayer is at or near 10 trillion dollars, will Obama realize that his ideas - as well as his ideology in general - are bankrupt.  Government cannot create economic growth.  Government cannot create jobs without destroying the opportunities for other jobs to be created.  Government cannot allocate capital until it has already confiscated that capital from others.  Government cannot allocate funds better than the market, the entrepreneurs, the consumers, and the American people as a whole.

His most recent, and pathetic, attempt to 'apologize' for what will invariably be millions of people losing their health insurance - if not tens of millions of people - has still done nothing to deter his toxic plans to naively dismantle a market that is already heavily regulated and dominated by government players (MediCARE, MedicAID, etc.).  Just as Fannie Mae and Freddie Mac create economic dislocations in the housing market, MediCARE and MedicAID create economic dislocations in the health insurance market.  This does not mean that we are against such safety net programs existing.  On the contrary.  However the consumers (patients) ultimately pay for these programs, hence the expensive price tag.  Adding another poorly conceived plan (ObamaCare) to an already complex system is proving to be catastrophic.

Ben Carson's recents statements on ObamaCare will make most of us uncomfortable.  However others have stated that ObamaCare, and the fact that it was upheld by the U.S. Supreme Court, will forever change the relationship between the individual and government.  ObamaCare stipulates that as a citizen, you must purchase something you may not want nor need.  Some believe that this essentially makes us subjects, and no longer citizens, to an all powerful federal government, and henceforth we are being financially controlled (but certainly not enslaved).  The plan is obviously not economically viable, but it is also a major violation of individual liberty.

Anyone surprised at the outcome of Obama's "health care" plan should have their head examined (that is, if they haven't lost their insurance coverage already).  Hopefully Obama will have learned something from his 10 trillion dollar education.

Sunday, October 13, 2013

Spitznagel: Interventionist Policies Cause Of, Not Cure For, Busts

Mark Spitznagel once again takes central planners and central bankers to school:

Time is nearly up for Ben Bernanke, the chairman of the Federal Reserve who supposedly applied his scholarly knowledge of the Great Depression to steer the U.S. to safety after the financial crisis.

In truth, Bernanke navigated a monetarist course that favored intensive intervention, following in the footsteps of many mainstream economists who grossly misunderstood the lessons of the Crash of 1929 and the ensuing malaise.

That lesson is that when corrective crashes occur, intervention is far from the cure — it is the cause.

Until we learn from the past, we will continue to expose ourselves to devastating booms and busts. The Bernanke-led Fed has only exacerbated the problem, leading us to the brink of an even worse correction.

To capture the lessons learned, we turn to a scholar of the Great Depression: Murray Rothbard of the Austrian School of Economics, who refutes the common misconception that "laissez-faire capitalism was to blame."

His contrarian and far less popular — yet more accurate — view is that the booms and busts of the business cycle result from shocks to the system caused by monetary intervention.

Specifically, Rothbard blames the 1929 Crash on loose monetary policy during the 1920s. For Rothbard, the boom was the problem; once the Fed pushed asset prices up to unsustainable levels, a crash was inevitable. Without the meddling of central-bank intervention, the market — like any natural homeostatic system — can reestablish equilibrium on its own by allowing its natural entrepreneurial "governors" to work. Greater savings prompts longer-term production for future greater consumption (and the inverse). The natural order trumps intervention every time.

Laissez-faire, however, gets a bad rap because it has been erroneously attributed to President Hoover, who supposedly did little or nothing to "save" the U.S. after the Crash of 1929.

In this popular and convenient narrative, Hoover sat back and did nothing as the U.S. sunk into the depths of the Depression, while the activist Franklin Delano Roosevelt finally "got us out of the Depression" with the New Deal.

Hoover, however, was nothing if not an interventionist — and his actions prevented what could have been the "downturn of 1929-30" from resolving itself, just as the recession of 1920-21 had.

Instead, it was the government to the rescue, and the downturn became a depression.

The events leading up to the Crash and Depression form an incriminating trail. The Federal Reserve expanded bank reserves and its holdings of government securities, creating excess liquidity that flowed into a land boom in Florida followed by a stock bubble — the signature traits of mal-investment.

In 1930, Hoover enacted the Smoot-Hawley Tariff Act, which had the disastrous unintended consequence of impeding the importation of goods into the U.S. and obliterating the export market for agricultural products. Farm prices fell and rural banks that held agricultural assets failed.

Herein the great lies of the Keynesians are exposed — that capitalism cannot control itself. If Americans would simply Google the relevant figures, they would see that what they have been taught about government intervention is a myth.

Nominal federal spending rose from $3 billion in fiscal 1929 to more than $4.7 billion in 1932. Hoover had inherited a government surplus of about 0.5% of GDP, which had become a deficit of 4% of GDP by 1932. This increase in federal spending and the deficit went hand in hand with skyrocketing unemployment, which by 1932 stood at 23.6%.

At best, Keynesians can argue that Hoover did "the right thing," only not enough of it. (Sound familiar?)

Hoover didn't view himself as a disciple of laissez-faire either. In his acceptance speech at the 1932 Republican Convention, he boasted that "we met the situation with proposals to private business and to Congress of the most gigantic program of economic defense and counterattack ever evolved in the history of the Republic."

History would show he was half right — gigantic, yes, but defensive counterattack, no. The dismal results of Hoover's policies and Roosevelt's New Deal for creating employment are arguments against intervention, which does nothing but flood the system with liquidity, like fertilizer for unhealthy growth.

Our fear of corrective crashes is misplaced. They are necessary purges to clear the financial system of unhealthy mal-investment and to allow the redistribution of resources to stronger industries. I would argue that had the government followed this path in 1929, there would have been a garden-variety recession — not a Depression.

Unfortunately, we have labored under faulty assumptions and failed logic, particularly since 2008-2009. This is the legacy that Bernanke leaves not only to his successor, but to all of us.

What we must learn from history is that the government should stop suppressing the natural, homeostatic functions of the market. Otherwise, the "cure" will prove deadlier than the disease.

• Spitznagel is the founder of Universa Investments and the author of "The Dao of Capital: Austrian Investing in a Distorted World" (Wiley, 2013).

Monday, September 9, 2013

Economic Facts and Fallacies

F.A. Hayek's The Road to Serfdom and The Fatal Conceit, respectively, are arguably the first and second most important books in explaining the importance of economic liberty.  However two possible contenders, both of which are more straight forward, albeit highly influenced by Hayek's works, are Basic Economics and Economic Facts and Fallacies, both by Thomas Sowell.

An excellent summary of Economic Facts and Fallacies can be found here.

Sowell provides in depth analyses and examples of each fallacy and how each is used to prevent progress in our society today.

You don’t have to read far to find the focus of Thomas Sowell’s latest book, Economic Facts and Fallacies. It begins by quoting John Adams—“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence”—then immediately argues for the importance of debunking economic errors because so many policies are based on false beliefs and fallacious thinking.

Economic Facts and Fallacies exposes an array of widely held beliefs to careful logical scrutiny and evidence—evidence that is usually ignored by those who favor interventionist government policies. Time and again, readers are shown that support for expanding government control arises from mistaken reasoning and interpretation of data.

First is Sowell’s discussion of four core fallacies we frequently encounter in public-policy discussions: the zero-sum fallacy (ignoring that voluntary economic arrangements are positive-sum); the fallacy of composition (particularly that robbing Peter to pay Paul benefits society simply because it benefits Paul); the chess-piece fallacy (assuming that some authority can achieve desired results as though he were moving chessmen on a board, ignoring people’s desires and incentives); and the open-ended fallacy (that commitments to ever-more health care, safety, open space, and so on, are sensible in a world of scarcity).

Even if people read only that section, they would greatly benefit from Sowell’s logic. The bulk of the book consists of six chapters dealing with subjects where economic misunderstanding abounds: the urban economy, male-female comparisons, academia, income, race, and the Third World. In each of those sections Sowell rebuts a group of beliefs that are widely accepted despite their fallaciousness and incompatibility with the evidence. While the whole of the book is enlightening, Sowell’s discussions of affordable housing and income comparisons are particularly powerful. I’ll concentrate on them.

Most Americans believe that government intervention is necessary to ensure that there will be enough “affordable” housing. Sowell challenges that notion with a barrage of contrary evidence, including that 1) people paid smaller percentages of their income for housing before the era of government intervention; 2) housing prices rose sharply when more pervasive government regulation began; 3) housing prices in areas with more government intervention rose more rapidly than in areas with less; and 4) growing population and income did not result in far higher housing prices where builders were allowed to construct more housing.

In short, government intervention in the housing market is the problem, not the solution. Sowell writes, “It is precisely government intervention in housing markets which has made previously affordable housing unaffordable.” The next time you hear someone claiming that there is a shortage of affordable housing due to a failure of the free market, you can haul out the book and show that the failure does not lie with the free market.

Sowell similarly devastates income comparisons that twist the data to get whatever conclusion is desired to justify political redistribution. He points out many ways that those who want to create the impression that the United States faces an income distribution “crisis” rely on misleading statistics. For example, there are substantial differences between real income growth per household and per capita (from 1969 to 1996, the former rose only 6 percent in America, while the latter rose 51 percent). By emphasizing only the first statistic, it is possible to create the impression that income growth has been fairly stagnant.

Another way of misleading people is to focus only on income data and ignore consumption—consumption by people in the poorest quintile is actually twice their income, but that fact is usually ignored. Moreover, the idea that there is an income crisis is greatly undermined if, instead of looking at “snapshot” data, you consider the high degree of income mobility. The latter data tend to be ignored. With this section, Sowell shows that it’s unwise to jump to conclusions based on highly selective facts.

Economic Facts and Fallacies highlights many instances where questionable if not downright foolish policy choices were made. So why don’t we change them? Sowell writes, “Many beliefs which collapse under scrutiny may nevertheless persist indefinitely when they are not scrutinized, and especially when skilled advocates are able to perpetuate those beliefs by forestalling scrutiny through appeals to emotions or interests.” This book makes it harder for such advocates to keep pulling the wool over our eyes.

The Face of the Democrat Party

This post contains nauseating images.  Apologies in advance.  The (new?) face of the Democrat Party:

Tuesday, July 30, 2013

Investors Are Lab Rabbits in Central Bank Experiments

Original article here.

The European Central Bank and Bank of England are emulating Ben S. Bernanke’s experiment in offering monetary-policy guidance to financial markets. Investors could well end up being the guinea pigs. 

Bond prices have fluctuated during the last three months, with the yield on the 10-year Treasury note swinging from 1.63 percent to 2.74 percent, the fastest jump since 2010, as the Federal Reserve chairman struggled to provide a clearer picture of when and why the central bank will reduce and then end its asset purchases.

“If this is science, then we’re the little white lab rabbits,” said Vincent Reinhart, chief U.S. economist for Morgan Stanley in New York, who served as the Fed’s chief monetary-policy strategist from 2001 to 2007. 

More communication mishaps are likely as the ECB and BOE strive to get their messages across to the market, said Gilles Moec, co-chief European economist at Deutsche Bank AG in London and a former Bank of France official. “The potential for the dialog between the central banks and the market to sometimes fail is significant,” he said.

All three monetary authorities meet separately this week, with the Fed gathering on July 30 and 31 and the ECB and BOE announcing policy decisions Aug. 1.

ECB President Mario Draghi said July 4 that the central bank expected its key interest rates “to remain at present or lower levels for an extended period of time.” The central bank’s main refinancing rate is 0.5 percent while its deposit facility rate is zero.

F.A. Hayek, amongst others, warned of the dangers of central planning.  Until currency competition becomes a reality, investors will remain part of an experiment.

Wednesday, July 17, 2013

New York State Government Corruption

Where to begin.  Vito Lopez is finally out of the Assembly, however his 'non-profit' received over $420k from the New York City Council.  Who better to administer 'non-profit' funding than Vito Lopez?

Ethics Panel Fines Lopez $330,000 in Harassment Case

Lopez is not alone...

New York corruption probe: Names released of 7 elected officials recorded by disgraced state Sen. Shirley Huntley

John Sampson:
U.S. Attorney Slams John Sampson’s ‘Extreme Examples of Political Hubris’

Indictment of John L. Sampson

Malcolm Smith:
Jumping From Party to Party to Bribery Charge

Troubles Continue For Sen. Malcolm Smith — Hit With Alarming New Charge

Malcolm in the Muddle

Velmanette Montgomery:
State Sen. Velmanette Montgomery Named in Federal Investigation

Ruth Hassell-Thompson:
Sen. Ruth Hassell-Thompson among officials recorded for feds 

Jose Peralta:
Jose Peralta's Role in FBI Probe Brings Attention to Seat's History

Eric Adams:
Brooklyn Borough prez hopeful Eric Adams among  the 7 names of officials recorded by feds

Some older incidents...

Kevin Parker:
Senator Convicted of Misdemeanor Charges in Clash With Photographer (he was cleared of more serious felony assault charges)

Pedro Espada:
Crooked ex-state Sen. Pedro Espada Jr. sentenced to 5 years in prison for embezzlement

Carl Krueger:
Former State Senator Is Sentenced to 7 Years in Vast Bribery Case

Hiram Monserrate:
Hiram Monserrate sentenced to 2 years in prison for corruption

And of course, Sheldon Silver (the KING of corruption):

Assembly Speaker Sheldon Silver sued over $103K sexual harassment settlement

NYers Pay $500/Hour To Defend Sheldon Silver From Gropez Lawsuit

Assembly Speaker Sheldon Silver sued for using taxpayer money in Albany sex scandal pay-off

Voters Think Silver Should Resign, Poll Finds

Gov. Cuomo considering ousting Assembly Speaker Sheldon Silver over Albany scandals

Private citizen sues Speaker Sheldon Silver, demands he repay taxpayers for secret Lopez settlement

Silver, others ‘targeted’ Lopez accusers

Two Vito Lopez sexual harassment victims file lawsuits in state and federal courts against Lopez and Assembly Speaker Sheldon Silver

And now for some humor.  Our brilliant Governor has a genius plan to help solve the corruption plaguing New York State - he is calling on the state legislature to pass 'anti-corruption' laws on themselves - of which he, the righteous Governor will surely enforce.  Not surprising, since he has also failed to respect our Second Amendment rights and believes that firearms are only used for hunting deer.  The man is a genius.

Is it now time to get serious about fixing New York?

Thursday, July 4, 2013

The Rarest of Gifts

From Lieutenant Commander Rorke Denver:

The Holy Trinity of holidays in an American warriors mind, in my opinion, would be comprised of Memorial, Veterans and Independence Day. Of the three, Independence Day, or the 4th of July, holds a supreme station. Warriors are fighters. That is core to who they are. If you asked 100 of them to describe what they fight for, you would get many answers. Commonalities of service to country, for my brother warriors, for my family would ring out consistently. But if I had to pick one motivation or purpose, I could do no better than freedom. Freedom, and I will accept liberty as an equal concept, is the rarest of gifts we enjoy in this incomparable nation. This singular concept serves as a compass by which our nation, and each and every one of us chart our American experience. If you have never left our shores, it is hard to understand, on a visceral level, the value and experience of free peoples. Fear, bondage, oppression, servitude, confinement and subjugation are the reality of those who know no freedom. Trust, opportunity, faith, expression, voice and happiness are our reality. One of my favorite dictionary definitions highlights the difference. “The right and power to act, believe, or express oneself in a manner of ones own choosing”. That is what freedom offers, power and choosing. Our nation is young, but how far we have come. None of our exceptionalism would have been possible without freedom. On this Independence Day, you have a choice of what, with whom and how you celebrate. Remember that the very ability to choose is unique in the world. It has been defended from the day of “declaration”, often with blood, for just shy of 240 years. Choose wisely.

We highly recommend reading Damn Few: Making the Modern SEAL Warrior and watching Act of Valor if you have not done so already.  Happy Independence Day.

Wednesday, June 12, 2013

CFTC Chairman Wants to Replace LIBOR

In an interview with Bloomberg news, CFTC Chairman Gary Gensler states he would like to replace LIBOR.  The only problem is that, when asked what he would like to replace LIBOR with, he has no answer.  Perhaps we should replace the market based LIBOR (of which the lowest and highest bids are actually dropped before calculating in order to filter out potential manipulation) with the Federal Funds Target Rate.  Yes, replace a rate that has been sometimes manipulated by market participants with a rate that is constantly manipulated by central bankers.  Not surprising that Gensler then complains that the CTFC is underfunded and, of course, needs more resources from the brain trust known as the 113th United States Congress.

Monday, May 20, 2013

Democrat in Assembly, N.Y. Times, Call on Silver to Quit

Sheldon Silver is so corrupt that he is being called on to resign by a fellow Democrat in the Assembly, The New York Times Editorial Board, and The New York Divide Editorial Board:

Unforgivable Conduct in Albany

Scrutiny of Silver Continues as Lopez Is Set to Resign

Democrat in Assembly Calls on Silver to Quit

Sheldon Silver, as lawmaker and trial lawyer, claims that he has never had a conflict of interest.  CC Sabathia wouldn't have a conflict of interest either if he were allowed to be an umpire for the games he pitched.

Tuesday, May 14, 2013

Gun Control Versus Criminal Control

Instead of taking the rights away of law abiding citizens - the same law abiding citizens that are more likely to stop a crime from being committed - state and federal governments should instead focus on controlling criminals.  Politicians have proven to be incompetent at controlling criminals, and should be fired in droves:

The districts that contain Chicago, Los Angeles and New York City ranked last in terms of federal gun law enforcement in 2012, according to a new report from Syracuse University's Transactional Records Access Clearinghouse, which tracks federal data.

Federal gun crimes include illegal possession of a firearm in a school zone, illegal sale of a firearm to a juvenile, felon, or drug addict, and illegal transport of a firearm across state lines. In Chicago, the majority of gun charges last year were for firearms violations.

The districts of Eastern New York, Central California, and Northern Illinois ranked 88th, 89th and 90th, respectively, out of 90 districts, in prosecutions of federal weapons crimes per capita last year, but it wasn't always this way. All three districts fell lower on the list than they had been in years past. In 2010, for example, Chicago was 78th in federal weapons prosecutions.

Federal weapons prosecutions per capita in 2012 by state. (TRAC/Syracuse University)

These cities also have some of the nation's most restrictive gun laws, as well as the most active mayors in championing gun control. New York Mayor Michael Bloomberg, Chicago Mayor Rahm Emanuel and Los Angeles Mayor Antonio Villaraigosa are all members of the national Mayors Against Illegal Guns campaign.

 D.C., which also has tough gun laws, was in the lower half of the list in 2012, coming in at 78th. In 2011, D.C. prosecuted a higher number of gun crimes, coming in at number 49.

National Rifle Association chief Wayne LaPierre first pointed to the report on Meet the Press Sunday, when he demanded to know why the national press corps wasn't asking the White House or U.S. attorneys general to explain lax federal enforcement of gun laws.

Mercy to the guilty is cruelty to the innocent.

Saturday, May 4, 2013

Mark Levin on the Democrat Party

Mark Levin brought up some history of the Democrat Party during his show on March 29, 2013:

"The real racists, ladies and gentlemen, they're are on the left.  They have a grand history.  Oh yes.  In fact they call their favorite racists 'the grand this' and 'the grand that' [referring to Democrat Senator Robert Byrd, former KKK recruiter, before serving as President pro tempore four times when the Democrat Party held the Senate].

But lest we forget, the Democrat Party not only defended slavery but promoted slavery.  Lest we forget the Democrat Party not only defended segregation, it promoted segregation.  It was the party of racism.  The Republican Party was founded as the abolitionist party, as the anti-slavery party.  The Republican Party has never stood for slavery.  The Republican Party has never stood for segregation.  Ever.  I can't think of single Republican Governor who stood in the school house door to prevent African American children from going to elementary school, or junior high, or high school.  But I can think of a number of Democrat Governors.  I can't think of a single Republican Attorney General who tapped Martin Luther King's phone either.  We have a Democrat Attorney General who did.  The left's great hero Woodrow Wilson; a bigot with a capital "B", a racist with a capital "R".  Some progress had been made by his predecessors, both Republicans, Theodore Roosevelt and Howard Taft toward integrating the federal government.  Do you know what Wilson did?  He put out orders to re-segregate wherever there had been integration.  This is the leading public figure of the time of the Democrat Party and of the progressive movement.  That's the history of the Democrat Party.  The Democrat Party was schizophrenic on Civil Rights.  It was a party fighting with itself.  A party fighting with itself.

But there's a common thread, believe it or not even from slavery to today - and I'm not saying that they promote slavery today, that would be absurd - but what they do promote is the destruction of the individual.  Not the same way they used to support the destruction of the individual, now they destroy the individual by claiming to stand for the individual.  And yet they smother the individual, they tax the individual, they punish the individual if a person is successful.  They claim that it's not the individual's own success; if you look at a guy like Ben Carson.  Who's attacking Ben Carson?  The left.  Why?  Because he is successful.  Because Ben Carson is saying 'hey everybody: don't listen to them, listen to me, I have a story to tell, I used to be like them, now look at me, look what I've accomplished and here's how I've done it, here's the prescription'.  And there's nothing worse than an individual who's demonstrated you can be independent, be successful, be a contributing member of society - because then the whole game is up.  The whole game is up.  Ben Carson came out of the ghetto, he came out of Detroit, and look - the head neurosurgeon at Johns Hopkins - one of the greatest hospitals in the world.  Rather than hold this man up as a living example of what's possible, the left tries to destroy him.  The left tries to destroy him.  It's an old communist, Soviet, Maoist technique.  Castro did it and does it.  Hugo Chavez did it.  They all do it.  They all do it and it's grotesque.  And what they do is they make success a bad word and those who actually are successful are made out to be bad people.

Thursday, April 25, 2013

The Left is Only Compassionate With Other People's Money

Being "compassionate" with other people's money is not admirable.  Since "liberals" are not liberal at all (unless we are speaking of being liberal with other people's money) and compassionate conservatives do not wish to conserve other people's money, one is left asking which political ideology is not a complete joke.

Gallup now reports that 55% of Americans view their income tax rates as "fair", according to their polls.  The problem with this figure is that 49% of Americans do not pay income taxes.  Therefore the majority of our country, and the leading political party, now maintain the self-righteous belief that the problems of our society should be resolved and paid for by someone else.  It is very difficult to be an optimist in 2013.

Sunday, March 17, 2013

Ending the Fed

Ending the Fed, and any other major bureaucracy in Washington D.C., will never happen.  When was the last time any bureaucracy in Washington D.C. was downsized or "ended"?  Instead of trying to "end the Fed", we should instead embrace currency competition and seek to end the monopoly that the federal government (along with the help of the Federal Reserve) currently maintains upon our currency.    This process would not be simple, and would require a constitutional amendment, however it is much more plausible than ending the Fed.  Allowing states to mint their own currency would force the Federal Reserve to change the loose money policies that continue to devalue our dollar.  This would in turn fix the Fed instead of hopelessly trying to end it.

Tuesday, February 26, 2013

The Un-SAFE Act of New York

Calling an Act affordable, protective, or safe does not make it a so.  The Act not only infringes upon our rights as law abiding citizens, but it will also make us less safe.

F.A. Hayek dedicated an entire chapter to "Our Poisoned Language" in The Fatal Conceit: The Errors of Socialism.  "Liberals" are not liberal.  "Progressives" are not progressive.  Statists purposely manipulate the language in order to advance their agenda and increase their power.

Time to join New York State Rifle and Pistol Association (NYSRPA) and Shooters Committee on Political Education (SCOPE).

Wednesday, January 9, 2013

Mercy to the Guilty is Cruelty to the Innocent

Anyone that does not read Thomas Sowell's columns should start now.

Christmas-Tree Totalitarians:

If I were rich, I would have a plaque made up, and sent to every judge in America, bearing a statement made by Adam Smith more than two-and-a-half centuries ago: “Mercy to the guilty is cruelty to the innocent.”

Gun-Control Ignorance:

Neither guns nor gun control were the reason for the difference in murder rates. People were the difference.  

Yet many of the most zealous advocates of gun-control laws on both sides of the Atlantic have also been advocates of leniency toward criminals.

The Role of 'Educators':

This misuse of schools to undermine one’s own society is not something confined to the United States or even to our own time. It is common in Western countries for educators, the media, and the intelligentsia in general to single out Western civilization for special condemnation for sins that have been common to the human race, in all parts of the world, for thousands of years.  

Meanwhile, all sorts of fictitious virtues are attributed to non-Western societies, and their worst crimes are often passed over in silence, or at least shrugged off by saying some such thing as “Who are we to judge?”

Monday, January 7, 2013


It seems as if everything is being destroyed.  The law, the currency, the family, and the individual.

The law is being disregarded, particularly supreme law.  The Constitution is supreme law and to disregard whenever convenient sets a dangerous precedent.  When the government disobeys their own laws it is acting in a tyranical manner.

The currency is being eroded, and it is the only currency allowed by law.  Quantitative easing, debt issuance being purchased by our own Federal Reserve Bank, and lack of a proper budget (a process that controls spending and has been ignored for years under the Senate Majority Dictator Harry Reid) all lead to more irresponsible spending, credit risk, and currency debasement.  The problem is that this currency is the only one allowed by law.  Citizens and subjects have to follow laws.  Regimes and Dictators are obviously above the law.

The family is being disassembled with an ever-increasing amount of people relying on their government instead of their family.  As Jonah Goldberg outlines in Liberal Fascism, Hillary Clinton's grotesquely deformed concept of civil society (page 339) pursues the creation of a society in which everyone is responsible for everyone else's child.  Aparently Hillary Clinton has never heard (or comprehended) the quote "If everything is a priority, then nothing is a priority".  In her ideal world, we are all responsible for everyone else's children and it is the role of "society" to raise children.  When society fails, the government steps in.  Although Hillary Clinton lost her run for President in 2008, her vision is being pursued by others that are far more ruthless than her.

Individual rights are being eroded as well.  The IRS confiscates more of the product of your labor.  The TSA molests citizens in the name of "security" and have yet to prevent any major attack against our country.  Religious freedoms are being eroded by the new "health care" law.  Second Amendment rights will soon face yet even more attempts at blatant violation, despite recent progress.

It is very difficult to remain optimistic for the future of our country.