Wikileaks Cable 10Paris58 reveals the extent of US rule over Europe. If Europe is further left than the US, broker than the US, and more $@$%# than the US, this primarily that the American ruling elite has a freer hand in ruling Europe than in ruling the US, due to the US constitution, and the American tradition of liberty. In Cable 10Paris58, the writer announces that France is insufficiently left …
Tag: smashing capitalism
astroturf “anarchismâ€
The Belmont club reports on left “anarchismâ€, taking the movement at face value, as if it was what it appears to be. the purest and most uncompromising of which are the anarchists. In fact, left anarchists are astroturf. They are the government threatening those that would restrain its growth. Repeating my previous post on the Greek riots: Observe the recent firebombings in the Greek riots, where the “rioters†murdered three …
The end of the road to serfdom
Hayek, in “The Road to Serfdom†predicted the welfare regulatory state must inevitably become the totalitarian terror state. Observe: We have arrived. America is now a totalitarian terror state. In 1992 I visited Cuba. Thereafter, I argued it was a totalitarian state, because when I asked certain questions some people fled, fearing that merely hearing the question would result in them being punished for the thoughts it might elicit, and …
Hyperinflation
Officially, America has near zero inflation and a mere ten percent official unemployment. Odd that it has a mere ten percent unemployment when the proportion of young adult males with jobs has dropped a lot more than ten percent. As with third world and Marxist countries, the government’s reaction to bad news is to declare a new era of prosperity. The recession is officially over. With an unprecedented proportion of …
Yale Harvard and Basel style Free Enterprise
Basel II is tens of thousands of pages of regulations, no one knows how vast it is, because not all the regulations can be found in any one place, but it could all be replaced by two simple rules: Politically correct victim groups shall always find it easy to borrow money, regardless of their ability or intention to pay it back, and politically well connected businesses shall always make money, regardless of whether they are competently run or not.
President McCain would have been worse.
McCain would have implemented the policies of financial ruin, national socialism, economic destruction, defeat and humiliation from the“centerâ€, and these policies would have been associated with Sarah Palin instead Bill Ayers and Reverend Wright.
American debt
Thus the excess “private” debt is not private. The normal level of public and “private†debt is about twice GDP, say twenty six trillion, so we are about thirty trillion or so in the hole and getting deeper fast – well past the danger level of twice GDP.
Chinese GDP to surpass US by about 2016 or so
Meanwhile, however, the US government is engaged in a sufficiently determined attack on tax havens, having recently successfully pressured the Swiss to deny financial services to Americans, blissfully unaware of the increasing dependence of the American economy on entrepeneurial skills and knowledge mediated through such havens. Interpreting the golden goose as a parasite, as a challenge to their authority and a rejection of their superior wisdom, they prepare to slay the golden goose.
What is wrong with the Bush/Obama economic stimulus
the Keynesian description of the crisis only addressed a small and unimportant part of the truth, thus stimulus could only have a small and unimportant benefit. The economy is not “starting to get better alreadyâ€, rather it is only beginning to go bad.
Smashing capitalism
President Barack Hussein Obama tells us: Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty. This reads like something out of “Atlas Shruggedâ€. I predict fifty percent inflation or so over the next three or four years – and that is if we eventually turn back from this course, or at least …