STOP. READ: Unavoidable Hyperinflation

No cute pictures, today. The graphs below do not relate to immediate text and are from Shadowstats.com.  This entry is an essential read.  Skip it at your peril. This is the ultimate word to the wise. 

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Not long ago, I heard the term "normalcy bias" which is used to describe why people  (a vast majority) don't prepare or don't react intelligently. They refuse to expect their happy, normal life can be different. They merely keep busy like mice in a wheel.   People run to the entrance of a building in a fire rather than to the EXIT door next to them.  They don't think; they die. 

If you do not come to grip with what is about to happen, you risk the welfare of your family and yourself.  I am not talking about some more economic troubles where we can gripe as we eat a steak. So far, Main Street hasn't seen anything. We are in a tempest and the government is raising the sails; there isn't even time to replace the Keystone Politicians. 

The point of this blog has always been to look at the message, not the messenger. I know precious few of us don't do that as I am readily dismissed, even by friends, who, at the same time, will tell you I am usually right, they just don't want to hear what I have to say.

So, if you have to use this messenger system of analysis, instead of thinking for yourself, then consider I often report unusual facts that tend to be based on real data.  I attempt to bring information from real sources, though I like to annoy people with inflammatory stuff so don't hold that against me. Below, I am bringing you severe and clear economic analysis from John Williams.

Take note of events and real data.  Please descend from illusion, your normalcy mindset, and from believing what you hear on TV.  Statistically, you voted for Obama - can you say why? Can you say why you didn't see a useful idiot surrounded by Marxist revolutionaries? Remember how clear you were when you voted. You wanted a black guy and change. Does that make sense, now?

We are not in normal times. Those who fail to plan will suffer - you are the ultimate mark.  Those who prepare will survive. Those who invest outside the norm, will do very well.

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John Williams, aka Walter J. (not E.) Williams, runs the Shadow Government Statistics site where he attempts to assemble useful numbers. I have used the site often; indeed, in the last entries I used his M3 graph. Essentially, he finds government statistics a lie. Even the outfit that calls recessions has abandoned following governmental numbers.

Usually, the lie is by a redefinition of terms to meet political needs, such a need to reduce Social Security payments by altering the basis. To understand this, look at the CPI graph above.  The CPI definition has been changed so there is no longer an apples to apples contract. The 1980's definition tells us there is a 6% inflation (which is not the true meaning  of "inflation") in prices. 

The government said there was no inflation, so there was no increase in Social Security payments in 2010.  This lie stole money from us and it is only the beginning. The gangsters control the game.

If you click on the title, the long, Williams' updated analysis of our economic condition will be found.  I post a small section below. If you click on the "statistics a lie" you will find an interview where Williams explains the how the lying liars lie.  

Essentially, Williams forecasts, without reservation, hyperinflation.  He suggests interruption in the food supply and an inability for banks to keep up, which is a double hit on those who stayed in the dollar.

For those living in the United States, long-range strategies should look to assure safety and survival, which from a financial standpoint means preserving wealth and assets. Also directly impacted, of course, are those holding or dependent upon U.S. dollars or dollar-denominated assets, and those living in "dollarized" countries.

• Get out of the dollar and anything denominated in the dollar. 
• Use foreign accounts and stocks 
• Take any fixed percentage loan you can get
• If you can't bring yourself to jump out of 401 (k)s etc., then invest serious money against the U.S. dollar to protect yourself. (Look into ETFs)
• Stash food in he basement
• Don't rely on you bank or ATM. 
• Junk silver
• TIPS are only something to do, they rely on government CPI stats so inflation will not be properly affected. This is a weak move. 

In his radio interview, Williams says we are at a time when you must think of MAINTAINING your wealth, not investing for profit.  

We are at a crossroad that few still living in the U.S. could even understand. In the hyperinflation of the Weimar, Germany,  you negotiated your meal price before eating, to make sure the price was locked in. It could jump by meal's end.

You are perfectly within your rights to 

assume the government, that is Goldman Sachs, has figured out how to run the Keynes Ponzi scheme without a mathematical end. If you believe that, don't prepare at all.  Perhaps, this is social Darwinism at its most profound. 

If you think juggling chain saws is not a good career more, read on. Study. Do something this week.

...Hyperinflation Nears. Before the systemic solvency crisis began to unfold in 2007, the U.S. government already had condemned the U.S. dollar to a hyperinflationary grave by taking on debt and obligations that never could be covered through raising taxes and/or by severely slashing government spending that had become politically untouchable. The U.S. economy also already had entered a severe structural downturn, which helped to trigger the systemic solvency crisis. 

The intensifying economic and solvency crises, and the responses to both by the U.S. government and the Federal Reserve in the last two years, have exacerbated the government’s solvency issues and moved forward my timing estimation for the hyperinflation to the next five years, from the 2010 to 2018 timing range estimated in the prior report. The U.S. government and Federal Reserve already have committed the system to this course through the easy politics of a bottomless pocketbook, the servicing of big-moneyed special interests, gross mismanagement, and a deliberate and ongoing effort to debase the U.S. currency. Accordingly, risks are particularly high of the hyperinflation crisis breaking within the next year.  

Numerous foreign governments have offered unusually blunt criticism of U.S. fiscal and Federal Reserve policies in the last year. Both private and official demand for U.S. Treasuries increasingly is unenthusiastic. Looming with uncertain timing is a panicked dollar dumping and dumping of dollar-denominated paper assets. Such is the most likely event to trigger the onset of hyperinflation in the year ahead. 

The U.S. has no way of avoiding a financial Armageddon. Bankrupt sovereign states most commonly use the currency printing press as a solution to not having enough money to cover obligations. The alternative would be for the U.S. to renege on its existing debt and obligations, a solution for modern sovereign states rarely seen outside of governments overthrown in revolution, and a solution with no happier ending than simply printing the needed money. With the creation of massive amounts of new fiat dollars (not backed by gold or silver) will come the eventual destruction of the value of the U.S. dollar and related dollar-denominated paper assets.

What lies ahead will be extremely difficult, painful and unhappy times for many in the United States. The functioning and adaptation of the U.S. economy and financial markets to a hyperinflation likely would be particularly disruptive. Trouble could range from turmoil in the food distribution chain to electronic cash and credit systems unable to handle rapidly changing circumstances. The situation quickly would devolve from a deepening depression, to an intensifying hyperinflationary great depression.

While the economic difficulties would have global impact, the initial hyperinflation should be largely a U.S. problem, albeit with major implications for the global currency system. For those living in the United States, long-range strategies should look to assure safety and survival, which from a financial standpoint means preserving wealth and assets. Also directly impacted, of course, are those holding or dependent upon U.S. dollars or dollar-denominated assets, and those living in "dollarized" countries.

The balance of this special report is broken into the following sections:

• Defining the Components of a Hyperinflationary Great Depression

• Two Examples of Hyperinflation

• Current Economic and Inflation Conditions in the United States

• Historical U.S. Inflation: Why Hyperinflation Instead of Deflation

• U.S. Government Cannot Cover Existing Obligations

• Hyperinflationary Great Depression

• Closing Comments

The death of Keynes?

American Thinker had an article worth inserting below.  


I do recall the period before Reagan (3 B.R.) and I had a similar feeling of hopelessness as I do now regarding our nation. Then, of course, we were dealing with just idiots; now, we are dealing with openly Marxist and fascist idiots doing as much as they can in as little time as they can - before November. Back then,  clowns were pretending to know how the world works, led by a former nukear (sic) engineer, meaning he was in the navy. 

The year was 1979 – not a great one for Jimmy Carter. There was an Energy Crisis and a Crisis of Confidence. And a lesser-known Crisis involving swamp rabbits. From The New York Times: “A ‘killer rabbit’ penetrated Secret Service security and attacked President Carter on a recent trip to Plains, Ga., according to White House staff members who said that the President beat back the animal with a canoe paddle.”  {ED:  Note killer rabbit on right.]

Now, the clowns have turned Stephen King. They are imposing controls by law, by failing to enforce law, by creating chaos, organizing legal and personal attacks on any potential opponent, and marginalizing the people who pay for everything. They know what Camelot looks like and are marching toward the vague mirage trampling on hundreds of years of law and tradition.   


If you catch me off guard, you will see I am looking at new countries to live, not that I am paying for everything;  the article below may provide some solace that there are cycles to things; I hope so. In the meantime, China continues to acquire gold at a decade long rate resembling a positive 45 degree slope.


This time, as the pendulum returns, if we get back to our senses, we have to amputate the dead tissue, no matter how much. No more go along to get along. There will be a fierce price to pay, but we now understand the price of permitting the gangrene to continue.


Winning in November is not winning the war; it is merely a promising win in the desert of North Africa - the rest of war lies ahead. This war will take more than four years, as did WWII. The mentally unbalanced enemy is established in Sicily, Italy, France and will fight to the end, like the Japanese at Iwo Jima.  


A generation after the war, even the Japanese understood they had been brain washed; the Germans entered into a state of denial and guilt over the war. It was the clear vision and action of the West that saw the disease and amputated without any self doubt, though it was slow to action, a reaction of any responsible republic. 


The only way to take the enemy out is by dedicated action, not by being politically correct and trying to reason with them. They purposely fail to engage in reasonable debate to confound those who are trying to communicate. 


There are many tools to eliminate an enemy, but it the long run, our best tools are self-reliance, prudence, right reason, and personal, not governmental, action. No more turning the other cheek. We are engaged in hand-to-hand combat.


Guess who loses a one-sided war?

June 29, 2010

Keynes: The End of a Bad Idea

By Christopher Chantrill

The dream of spending our way out of recession got a step closer to death at the Toronto Summit of G8 and G20 leaders. Things just aren't what they were.

Every bad idea seems to have its Wordsworthian moment:

Bliss was it in that dawn to be alive

But to be young was very heaven.

The early enthusiasm for Keynesian economics certainly qualifies. The dawn of Keynes was very heaven, if you were young back then. But now we are at the moment when a new generation asks: What was all the fuss about?

Last weekend's G-20 summit in Toronto issued a veiled rebuke to the Obama administration's continuing appetite for Keynesian stimulus. In an oblique report in the New York Times, Sewell Chan and Jackie Calmes wrote that G-20 leaders called for

a timetable for cutting their deficits and halting the growth of their public debt, despite the Obama administration's concern that reducing spending too quickly might set back the fragile global recovery.

An unveiled editorial the Wall Street Journal exulted over the dead end of Keynesian economics. Finally the Journal can report that the idea of spending our way to prosperity is going out of style. The blissful dawn is ending in humiliation and failure.

What could ever be so exciting and new about giving governments an excuse to spend and print money? When have governments ever needed an excuse to spend and inflate? If you want excitement, go and get all tingly about limited government -- the radical idea of limiting the power of government to spend and inflate.

But, you young 'uns will ask, how did this crazy Keynesian cult take over the minds of our parents and grandparents?

The answer is that it wasn't easy. Even after decades of progressive and socialist propaganda, it took a major government failure in the Great Depression of the 1930s.

In the depths of the Great Depression, capitalism had failed, "everyone" agreed. It was what we would now call a "consensus." 

Had capitalism really failed? Hardly. After World War I, communism and fascism and social legislation were in the saddle, and government was bulking up all over.

When the Great Crash struck in 1929, progressives and socialists had managed to drive a stake through the heart of capitalism, but the heart was still beating.  In the U.S., there was a split between progressive interventionists like President Hoover and sound-money believers in the liquidation of malinvestments. In the middle of it all, the clueless Federal Reserve Board split the difference and failed in its primary job to act as a lender of last resort. It rescued the banks that were too big to fail, but not the banks that failed to be big.

Then along came Keynes and his book, The General Theory of Employment, Interest and Money, and he made inflationism and deficit spending no longer the last resort of a failed royal dynasty, but the first resort of a sophisticated cosmopolitan. No wonder "everyone" thought it was bliss to be alive.

The pièce de resistance of Keynes' theory was the Multiplier. The more money the government spent, the more it multiplied, and the more it would stimulate the economy. When economists actually got around to doing research on the Keynesian Multiplier, they found it didn't work. See Barro and Redlick, "Stimulus Spending Doesn't Work."

Keynesian economics was a failure right out of the gate in the 1930s. That's why the Great Depression lingered on as FDR and his Brain Trust tried one "bold, persistent experimentation" after another. 

It took six years of bold, persistent failure, but the American people finally decided, in the off-year elections of 1938, that they had had enough, so they sent 79 new Republicans to Congress. You can read all about it in Amity Shlaes' The Forgotten Man, and also at usstuckonstupid.com.

Thirty years later, in the 1960s, liberals tried again and ended up sending a grade-B Hollywood actor to the White House in 1980 in an inflationary recession.

Now it's thirty years later again, and the Keynesians are making one last college try. It's not working any better than it did in the Great Depression or the 1970s. But there's a difference. Back in the early 1930s, the U.S. government debt was a mere 25 percent of GDP. Now, in 2010, it is budgeted at about 95 percent of GDP. It's one thing to throw borrowed money at uneconomic projects when the national debt is down at 25 percent. When the debt is at 95 percent of GDP, the money power starts to murmur about the risk of sovereign default.

As we enter the endgame of Keynesianism, the words of Pope John Paul II in the endgame of a bad idea should inspire us once again. "Be not afraid." Just as the Poles weren't going to get rid of Communism without a struggle, we were never going to get rid of Keynesian economics on the cheap. 

We won't bury Keynesian economics until after Keynesian economics buries the liberals. Fortunately, as Marx might have said, history during the Obama administration is repeating itself as farce.

Christopher Chantrill is a frequent contributor to American Thinker. See his roadtothemiddleclass.com andusgovernmentspending.com.  His Road to the Middle Class is forthcoming.

10 Comments on "Keynes: The End of a Bad Idea"

Must see video

HERE

The case for virtual term limits

The dictator is at work again and the best our legislators can do is write a letter, see below. It is time to take out just about every sitting legislator.  There may be some worth keeping, but no more than one more time.


Even if jerks are elected, that is fine, the message will be given and you can throw out the jerks next time.  Our big mistake has been for voting for the lesser of perceived evils which only gives more power to intellectual and moral cyphers.   


Just toss them. Just keep tossing out those seeking permanence; if you like someone, keep him or her for one more term. Then, out, regardless of party.  Eventually, the parties will catch on and find real people, not lords and ladies of the realm.


It really is not hard being in government, just look at who we have in N.Y.  Murphy, Gillibrand, Schumer. These are lightweights with no center, which predetermines they cannot cannot have an opinion up or down, left or right.


The only guy doing something, Patterson, is being tossed to bring in Cuomo, who  directed the Fannie and Freddie collapse. The son-of-the-hack who presided over the collapse of the economy will save New York's budget!  I am at a loss to find an analogy for this absurdity. Perhaps, lets add gasoline to the fire. The ensuing explosion may put out the fire. 


Being told that voting for a small party candidate is a wasted vote is a lie. Is it a waste of your vote to empower a thief because he wears your colors. This Blood vs. Crypts game has got to stop  


It is not a waste to announce you are fed up with mediocrity and am voting for an ideology. When elections are in doubt because of this philosophy, the major parties will select better candidates.


New York had previously been tempered because it had strong liberal and conservative parties.  Ideology mattered, then.  (Back when liberal didn't mean Marxist.) A statewide candidate had to be careful about matters important to both liberals and conservatives.  Now, you have parties with no soul just going through the motions and installing drones.


I could pick a good ten people who could run the nation, who understand numbers, management, the Constitution, and technology.  Of course, they would never be interested in getting involved in our state of personal destruction - this is the victory of democracy over republicanism.


Who are these people who do run things?  People who never had real jobs, were tossed from college for cheating, who hang out in public bathrooms or have a gay brothel in the house. Ted Kennedy mocks Bork's academic stature!  Arrogance is a related to security.


Morons attacked Roberts' astounding legal mind, then tout Kagan's invisible legal career because they erroneously say she was the first Hispanic on the court?  (To be fair, the Supreme Court did reverse one of her published decisions.) Toyota is attacked by Michigan representatives who flaunt error?  Obama thinks we should make the Constitution more positive!  A gaggle of these people say we can save our economy by going deeper into debt.  They think extending unemployment insurance, keeping people of the unemployment statistics, means the jobless rate is good.


Our leaders are dangerous, ensconced simpletons.  This will not improve by picking the best of the worst.  The operative concept has to be -  two terms and out.  Yes, even representatives.  Trust me, these people don't have any special skills worth saving, nor would a good person involved in a real life want to stay in Washington.


A revolution results when there is such a degree of anger that the people just throw everything over and establish a new regime.  If you wait too long, this revolution has to be against guns.


Clever regimes promote the idea that revolution is somehow bad to do that -  think of all the experience lost!  


Keeping the bums around sounds reasonable, but such a logic doesn't apply to government, it merely protects the mediocre and establishes a ruling class where parties are a facade.  The greatness of our history is that America was unique in hemming in government, knowing its true black nature.  


Today, the power structure tires us with its insipid and mediocre candidates; people just give up. Our schools dumb us down.


Jefferson advocated a periodic revolution to defend individual rights.  As a student, I thought this was a silly notion and was a Hamilton fan - no more.  Flush the toilet bowl every ten years and shut down the central bank.  We still have the tools to recreate out future, but not if we sleep and let the power structure build a castle, as they want to do with "immigration' amnesty, see letter below.


Nothing bad will happen if we toss out our representatives.  Our national security can't possibly be worse than now.  Our economy is only weakened by our government, it gets in the way. The financial aspects of the government are being run by Goldman Sachs. 


In 2004 and 2005 Bush and McCain were screaming about the danger in Fannie Mae, the GOP presented plans to deal with the problem, and Barney Frank blathered on that there was no financial problem at all. This buffoon remains, Fannie Mae remains and its debt grows.  Stupid is as stupid does.


Without the Fed and Treasury screwing things up, gee, we will have to pay cash for our stuff and think about quality. Prices won't be inflated by cheap credit. Banks would be rock solid. Of course, on the down side, Wall Street will have to go back to advising people on stocks and bonds instead of selling "so much blue sky"  -  or carbon credits.  I wonder if we will see packaged, carbon-cap overage swaps.  No, of course we will.


It is time for a virtual revolution.  There are precious few good guys, so when in doubt, throw them out. This makes decisions much easier, don't vote for a lifer no matter the part. Cauterize the bleeding. A Congress of Citizens is better than, as the book puts it, a Parliament of Whores.


Below is the GOP's response to an illegal plan to offer blanket immunity, which is almost the same as amnesty. The movement on the left is to create many millions of new poorly educated voters who will fall for racist and socialist rants. Essentially, we facing the end game. What does the opposition say?

Dear President Obama:

We understand that there’s a push for your Administration to develop a plan to unilaterally extend either deferred action or parole to millions of illegal aliens in the United States. We understand that the Administration may include aliens who have willfully overstayed their visas or filed for benefits knowing that they will not be eligible for a status for years to come. We understand that deferred action and parole are discretionary actions reserved for individual cases that present unusual, emergent or humanitarian circumstances. Deferred action and parole were not intended to be used to confer a status or offer protection to large groups of illegal aliens, even if the agency claims that they look at each case on a “case-by-case” basis.

While we agree our immigration laws need to be fixed, we are deeply concerned about the potential expansion of deferred action or parole for a large illegal alien population. While deferred action and parole are Executive Branch authorities, they should not be used to circumvent Congress’ constitutional authority to legislate immigration policy, particularly as it relates to the illegal population in the United States.

The Administration would be wise to abandon any plans for deferred action or parole for the illegal population. Such a move would further erode the American public’s confidence in the federal government and its commitment to securing the borders and enforcing the laws already on the books.

We would appreciate receiving a commitment that the Administration has no plans to use either authority to change the current position of a large group of illegal aliens already in the United States, and ask that you respond to us about this matter as soon as possible.

  Sens. Grassley, Hatch (R-Utah), Vitter (R-La.), Bunning (R-Ky.), Chambliss (R-Ga.), Isakson (R-Ga.), Inhofe (R-Okla.), and Cochran (R-Miss.)

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Democrats Ponzi Scheme

From Rasmussen site, a perfect crystallization:

Is the Welfare State a Ponzi Scheme?

A Commentary by Howard Rich

Thursday, June 24, 2010

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Ponzi schemes rely on people falling for promises that are literally too good to be true – but the outcomes are never really in doubt for the perpetrators of these scams, are they?

First they are playing with money that does not belong to them – which means they cannot lose.  Also, when the scams finally unravel, the perpetrators have invariably moved on to their next group of unsuspecting victims –where the fleecing begins anew.

Sound familiar?  It should.  This is the modus operandi of governments all over the world in our current era of Keynesian excess – an era in which new taxes, fees and fines must be continually created and levied in order to pay for promises made in previous years.  Of course these government promises are never actually “paid for,” the IOUs just keep mounting as the burden of repayment is extended further down the line to future generations of taxpayers.

Crisis compels the scammers to grow even bolder in their efforts to fleece the taxpayers.  In fact, these “too good to be true” scams have only grown more expensive in response to the recent economic downturn.

Take the ongoing financial crisis in Greece, which has prompted a $144 billion bailout from the European Union and International Monetary Fund.This EU/IMF bailout – part of a larger $1 trillion “rescue” plan for the Euro – is nothing but a massive Ponzi scheme, as the leaders of fiscally reckless nations are basically saddling their debt onto the shoulders of their more responsible neighbors.

Not surprisingly, the root cause of the crisis that is threatening to bring down the global economy lies in the unsustainable expansion of the welfare state – which should be a lesson for American politicians of both parties.

First, let’s look at what’s happening in Greece.

“Greek governments have spent years buying social peace and votes with public spending, generous pensions, tax breaks, EU money and jobs for life, directed to an array of rent-seeking interest groups,”The Economist noted last month.  “This sort of social contract, lubricated by endemic corruption and lax law-enforcement, has evolved to suit a country emerging from a vile civil war and years of dictatorship in which consensus was painfully absent.”

Also, let’s not forget that Greece sought for years to hide its growing debt problem from the rest of the world, paying hundreds of millions of Euros to various financial institutions in an effort to conceal the extent of its profligate borrowing.

Greece is now implementing several so-called “austerity” measures as a pre-condition of receiving the rest of Europe’s bailout benevolence.  But what sounds “austere” to the Greeks is still quite excessive when compared to the government largesse being doled out elsewhere on the continent.  In fact, at its heart Greek “austerity” amounts to little more than tinkering around the edges of the nation’s overextended entitlement culture, and in typical Ponzi fashion this political path of least resistance includes several new tax hikes that will only exacerbate the fundamental problem.

Meanwhile, even more frightening is the likelihood that the financial woes in Greece presage a broader European solvency crisis – one that will spread to other nations that are similarly drowning in the red ink of unsustainable government welfare.  Spain, for example, is on the verge of having to tap into hundreds of billions of Euros tied to the EU/IMF bailout, and even that may not be enough to stabilize its teetering economy.

Spain’s welfare state includes a socialist labor system that makes it nearly impossible to fire workers for any reason.  And like Greece, its habit of dispensing unsustainable taxpayer-funded largesse has been propped up for years by government denials and deception.  Most recently, Spanish Prime Minister José Luis Rodríguez Zapatero chose to deal with the brewing fiscal crisis by ignoring it and delaying long-overdue reforms in an effort to maintain his political positioning.

It’s the Ponzi mentality all over again.

Eventually, though, the scammers will run out of people to scam – and Spain could very well represent the last great heist.  Spain represents 10% of the euro zone banking system and 16% of all net euro-zone loans, meaning that its collapse could very well bring the entire global house of cards tumbling down.

Such an outcome would clearly have disastrous effects on the American economy, which makes the aggressive expansion of the welfare state here in the United States all the more unexplainable. Greece and Spain (as well as Portugal and Ireland) are clearly cautionary tales – not examples for America follow.

Howard Rich is chairman of Americans for Limited Government.

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Can't understand why everyone seems stupid?

David Rockefeller, Honorary Chairman of the CFR, and Founder and Honorary Chairman of the North American Chapter of the Trilateral Commission, stated in his memoirs:  

“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists,’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

David Rockefeller is telling you that there is a conspiracy and that he is a leader.


Clearly, he thinks it is a good thing, but make no mistake, he agrees a "secret cabal" exists. For my simple mind, any conspiracy is immoral when it steal and manipulates from the shadows.  


This entry is short and simple because people have been programmed to avoid the obvious.  Reread the admission of David Rockefeller.  Understand what he is saying.


He is not chuckling about an imaginary conspiracy theory.  No, he admits to being a conspirator. Only the sleep-walking can miss this. Once you understand there is a devil, you can begin to see the extent of hell's domain.


You are a serf and unless you understand that you are not free, the fruits of your labor are being stolen, and, then, do something to free yourself, you remain a sheep waiting to be fleeced - again.


The Boston Tea Party was a revolt not against the amount of a tax, which was small, it was the very idea of a central government assuming it could steal hard earned money that stirred ordinary people to revolution.  


We are not our father's children.


Trouble is coming, more trouble, and survival will not be easy for those controlled by taxes and mortgages.  These are the bonds of our slavery.

London not flooded, Antarctica not warming, "Scientists" changing story

Above is a map of Antarctica.  I placed it here as you need a reference point.  The red dots are volcanoes. If "Pine Island" is not also "Peter Island" it is just south.  I will add a map at the end.
===


In May 2009, the BBC, part of the mad panic over warming and changing, and sharing a home with the pseudo scientists and investors in the Chicago Climate Exchange,  reports earlier estimates of the ocean's rising and flooding everyone were wrong. Gee

Ice sheet melt threat reassessed

By Mark Kinver

Science and environment reporter, BBC Science and environment reporter, BBC News  

The collapse of a major polar ice sheet will not raise global sea levels as much as previous projections suggest, a team of scientists has calculated.

Writing in Science, the researchers said that the demise of the West Antarctic Ice Sheet (WAIS) would result in a sea level rise of 3.3m (10 ft).

Previous estimates had forecast a rise in the region of five to six metres.

Well, scientists are smart, we assume, and we have to listen when they predict giant flying ants and such. The collapse, we are assured, of the Ross polar ice shelf will not raise global sea levels as much as previous projections suggested - a team of scientists had calculated 17 million people will be displaced.  OMG!

Seems like someone forgot to redo the earlier numbers (and add security to emails). So, at least, we are not looking at over a 6 meter rise by the West Antarctic shelf breaking off, but only 3.3 meters.

I did OK in high school physics in matters such as the design of the toilet and watching ice cubes so I am confidently positing that the shelf is already floating free and that any rise should have already taken place.  We don't need to wait for it to melt. Where's the flooding?

Of course, there will be another theory, once that problem sinks in, so to speak. Rather than wait for the dull to create a new theory, lets address it. It is easy to predict. The likely one is that the Antarctic is warming, in a new way undetected by instruments, so the melt of the glacier still on land will flood Albany! OMG

BBC again:

"We have not had a clear understanding of what is driving this melting because the atmospheric forcing - the temperature at the surface - is not warm enough to cause such a melting,"

Ridge clue to Antarctic ice loss

20 June 2010 T17:57 US  (click on title

By Mark Kinver

Science and environment reporter, BBC New

The discovery of an underwater ridge in West Antarctica could help explain why there has been an acceleration in the ice flowing from a glacier in the area.

Researchers suggest that the base of Pine Island Glacier once sat on the ridge, but recently became detached from the feature...

The scientists, probably confused as to why all the melting and collapsing hasn't flooded London, have kept working.   I think scientists read this blog as they looked to the water temperature under the ice that had been hanging off the ridge. I am glad someone reads it.

Ice dynamics

Dr Dutrieux said that the discovery of the ridge was an important piece in the jig-saw of factors that could be changing the ice dynamics in the region.

"We have not had a clear understanding of what is driving this melting because the atmospheric forcing - the temperature at the surface - is not warm enough to cause such a melting," he added.

"So the hypothesis was that it was coming from the ocean, which was melting the ice shelf from below..."

 So, lets look back in this blog and find a theory.  Oh, the Internet has an instant source:

Surprise! There’s an active volcano under Antarctic ice

Posted on January 22, 2008 by Anthony Watts

The recent BBC article closes:

..."Another process leading to the ice becoming detached from the ridge could have been a change in the water properties that was grinding the shelf from beneath.

He said the presence of the ridge would change the basis of future work on ice dynamics in the area.

"Topography is the main thing that constrains ice flow so, basically, it is going to fundamentally change the way people think about this glacier and the way we understand how it behaves."\

What we are witnessing is scientists attempting to save their reputations while keeping some of that free money coming in from government grants, academia, Gore, Obama, Maurice Strong, Joyce Foundation, Goldman Sachs, and  British investors and so on.

We are in the ninth inning on this carbon exchange scam and the oligarchs are reaching deep into the bull pen, to the detriment of the democratic party in the next several games.  That is a good thing, as long as the false science does not result in a RICO operation becoming law.

No one said there can't be extra innings.

But wait, there is more.  First, look at the "shelves" and compare with the location of the volcanoes, above..

 Look where the Ross shelf was. It was on a ridge with six volcanoes on its east side.  Indeed, volcanic activity may well be the cause of the glaciers in the first place.  

So, you figure I nailed this again and will go about the day forgetting this, but wait, there is more.

Scripps: Antarctic Ice Shelf Collapse Possibly Triggered by Ocean Waves

Posted on February 13, 2010 by Anthony Watts

WUWT readers may remember this article

Watch the Wilkins ice shelf collapse in time lapse animation – looks like ‘current’ events to me where mechanisms other than melt were discussed. It was pointed out that this photo appeared to be showing a stress crack, like the sort you’d get from a wave. Melt makes rounded irregular edges, not sharp straight line ones....

 What the hell, a graph of sea ice:

 The problem is the typical TV non-news will show a "sick glacier" (I swear I heard this on National Geographic) and say, "It is so warm Antarctica is breaking apart (Artist rendition of ice, the size of Mars, snapping off) and we will all be doomed (someday, but after our Chicago Climate Exchange law is passed, we will be saved, albeit be poor serfs)."   

I am open to ideas on how to reach the dullards who vote. Clearly, we need resort to snide comments from stand up comics to inform people. Maybe a movie about crazed and voracious sociology professors who come together in a perfect storm of circumstances to attack and ravage a small community of honest people who go to work everyday.

PS - There is volcanic activity in Greenland under the ice.

Harry Reid on our voluntary tax system

Just a clip from Greg. 

The leader of the U.S. Senate being interviewed on YouTube.

Clearly, the man is not too bright.  I don't think he is manipulative beyond being a typical politician, not a Machiavellian genius;  he really seems stupid.  In the video he doesn't answer a question because he didn't accept the "phrasology" (sic) of the interviewer.  He points out America has a voluntary tax system even though if you don't pay, you go to jail or are fined, therefore no one is forced to pay taxes.

This is the guy who is bringing you  "health care' and $6.00 a gallon gas.

Also, I still hear the dullards among us say the GOP and Bush caused the banking collapse, here is a timeline story of Bush and McCain trying to reform Fannie and Freddie from "day one."  Frank and Schumer tell us not to worry.  Obama didn't vote.  Since m any do not believe facts, votes, numbers, they may believe the words of the people invovled. 

Keep in mind, the person forcing lending into red lined areas (red lining having been a US government requirement to keep banks from failing) was Andrew Cuomo which makes him the pivot point in the collapse in of the U.S. economy.

Remember that on election day or have some Kool Aid..

Here is an opening article from the Buffalo News.  It confirms what I am saying and I am using it because it is a whitewash, so they, article by Fairbanks,  admit the truth and move on.  They state his control and direction, then blame bankers for, I guess, following the orders:

Cuomo's HUD career under scrutiny

Questions persist over department's possible role in subprime mortgage meltdown

By Phil Fairbanks

Updated: May 30, 2010, 12:14 am / 49 comments
Published: May 30, 2010, 6:40 am

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Buzz up!

Andrew Cuomo promised to "transform the lives of millions of families across our country" when as HUD secretary he announced his historic plan to increase home ownership.
Eleven years later, many experts think that much-heralded transformation played a role in the devastating subprime mortgage meltdown and the worst economic downturn since the Great Depression.
"They should have known the risks were large," said Edward J. Pinto, former chief credit officer at Fannie Mae. "Cuomo was pushing mortgage bankers to make loans and basically saying you have to offer a loan to everybody."
Pinto argues that Cuomo, now running for governor of New York, helped create the framework for the subprime crisis by pushing unrealistic and irresponsible affordable housing goals as head of the U.S. Department of Housing and Urban Development.
"He was a contributor in terms of him being a cheerleader, but I don't think we can pin too much blame on him," Dean Baker, co-director of the Center for Economic and Policy Research, said of Cuomo's role in the subprime crisis.
Baker sees Cuomo as a contributor because he advocated a philosophy that almost everyone should be able to own a home. And yet, he thinks others, most notably mortgage lenders and brokers, were the real culprits....

Read Ferguson's "The Ascent of Money" to learn how Cuomo/Hud forced Fannie and Freddie, having made the appointments now in question, to make bad loans or be attacked by IRS, FDIC, and not have any Fannie business.  This is what we call Fascism.  The Fascists get away with causing disaster to those not important by claiming big business did it, like BP, GM, etc.

At least Cuomo figured a way to clean out Detroit.

We Conned the World

"We conned the world" had 3 million hits on YouTube before they took it off.  They do censor things not deviant - don't want to upset people with satire or incorrect opinions.   There is now a viral movement to spread the video.

I found a youtube entry with a few hits, but I expect that will vanish, too.  Here

Another version in on PJTV, but I don't know if you have to register.  Might as well, it is a great site. Also, the performance is remarkably good.  I have always been of the opinion that the msic and film business is a bit of a scam as there are plenty of professional people.  You see that on the TV talent shows.

Here is another satire (it really is in English): Here

Mockery is the antidote to mind control.

1960's Redux: Time to undo the fantasy

Below is a little essay by which I would like to start a look at the past, as it was not prologue, it has been changed to alter the future. 

As you will see in another video, soon, Bill Ayers, the great advisor of President Obama told an FBI agent in 1968 that after the take over the nation, some 25,000,000 will resist being reeducated and will have to be killed.

In the CBC video herewith is a reference to the Cuban/KGB subsidization and direction of the Weather Underground.  People's minds, today, are lost in TV, sports, and five second sound bites. 

Americans voted for "change."  That's it. Well, we have it and if we are lucky to undo it, our grandchildren will still have to pay for our ignorance. A conspiracy theory is a theory about conspiracy; in the case of the Underground the conspiracy was well funded, killed many, disrupted history, and, now, has left the underground.

---------------

I grew up in the 1960s; I got two political science degrees back then. This was back when our educational system was actually impressive. I studied world political theory and practice, the history of China, the Greek and Roman influence on our founders, not the statistics and manipulation theories taught today. Just a regular education back then.

My dad was in the DIA, Defense Intelligence Agency, and I heard bits and pieces of information not typical in, as Mr. Obama would say, "a typical white person's" home. He retired, a medical discharge, from a position as liaison to Ambassador Lodge at the U.N. where he wrote the "Great Seal" speech.  I took things seriously and paid attention.

In the past few days, the general ignorance (not stupidity) concerning these days has made itself manifest.  I even flipped through a book on who spoke up against the Viet Nam War, some Marxists I never heard of in the 1960s. I do recall my father, who, as a Lt. Colonel had been what was called "an advisor" in Viet Nam in the early 1960s, was against the war and thought it was being run by clowns (LBJ and McNamara). 

According to the TV show mentality of America today, that can't be.  Army guys were evil warmongers. America was bad except for radicals who blew things up. None of the entertainment I have seen even comes close to reflecting what happened in the 1960s. Perhaps, it is a mistake to merely dismiss the drek as it becomes part of the future's "education."

My friend Lois, who was the leader of the YAF, a staunch conservative group, at C.W. Post and a magna cum laude, apparently went to Woodstock and had a good time.  If you ask the young adults today about Woodstock they have some weird idea it was all about hippies, drugs, sex, playing in mud, and being anti-everything.  These were images the media sold and there was probably some political orientation behind that. Easy Rider was not a documentary, it was on the edge and spoke to a spirit of breaking from the past. [Image:  Hendrix after being in the 101 st Airborne]

What most people today cannot understand was the educational and intellectual sophistication of the people they call hippies.  The great movements of the 1960's  came about because of the superb education and free time that our parents provided to us.  Bill Ayers was a Chicago very-rich kid who went to a private school. You cannot even explain to today's young adults how vast is the gap between their education and that of a Bill Ayers, even if he goofed around.  He did go to Columbia Teachers College, a Marxist front, see previous blog on the Frankfurt Group, which not particularly rigorous. Columbia did have a good basketball team, though.

There are other items that astound me. There is a fantasy that President Nixon was behind everything bad, that mean Nixon.  It is believed he was hated, especially by college students.

None of this is true, when he won his election by a landslide, college students overwhelmingly voted for him just a few months after the Chicago debacle by the left.  He ended the war that Kennedy designed, and the arrogant LBJ and bean-counter McNamara decided to run from the White House basement. The red in the map represents counties that voted for Nixon. Even NYS and CA voted for him.  Even NYC and LA. Your surprise will indicate how successful the assault on history has been and continues to be.

Nixon's Shakespearean flaw was to try to cover up the Watergate burglary; no, he did he not plan it. So disgusted were his supporters that it was Barry Goldwater who went to the White House and told him to resign.  He had violated the people's trust and the glee of the leftists was irrelevant. This was back when honor mattered.

I have to step back and realize that most people have no idea what happened in the 1960s.  They probably don't know Goldwater. They have been fed fantasy on TV and in he movies for decades. 

They believe that Senator McCarthy was some sort of monster and completely wrong, though the KGB says he was right.  They have never heard that McCarthy's lawyer was Robert Kennedy - seemed to not make the recent movie.  They are also taught to avoid all facts and, when confront by a fact, to blame someone else for something else.

So, it seems important to recreate reality, as much as such a thing is possible.  I figure a good place to start is Bill Ayers.  I will touch this topic again, but for now, watch the 1982 CBC documentary to start to understand the real world.  Are you even familiar with the riots in Quebec, the murder of the English Ambassador and a Cabinet member?  Ayers was an organizer.

Note the Quiet Revolution in Quebec is mentioned in the CBC interview where the agent relays that the Cubans ordered "action" not demonstrations and riots like in Chicago in 1968, which you probably don't know about - and got Nixon a landslide - so we will start our reeducation here.

Professor Ayers is a respected member of the administration and the person who introduced Obama to politics.  A computer says Ayers wrote the books attributed to Obama.  He and his wife provided funds for the recent attempt to run the Israeli blockade. All is connected and, yes, it is a conspiracy theory, except the principals admit to the conspiracy, but not the murders.