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Economics
A Great Piece on 'Cash for Clunkers', from Bruce Yandle and the Foundation for Economic Education!
Kudos to Mr. Yandle and www.fee.org! www.thefreemanonline.org/featured/cash-for-clunkers-was-a-loser/#
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PA Couple ARRESTED for Refusing to Pay a TIP!
This is one that even statists will find bemusing. Or, perhaps they won't since it was statists who passes the legislation REQUIRING a 16% GRATUITY be paid by all patrons. Incredible!
http://www.nbcphiladelphia.com/news/local-beat/Time-In-Prison--70426052.html?yhp=1
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Fed Gubment Can't Find $98 Billion Misspent over Past Year
Great comment provided by Sheldon Richman, of FEE:
http://www.thefreemanonline.org/in-brief/government-misspent-98-billion-...
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Number of Mortgage Delinquencies Achieves ANOTHER Record High
But remember, the gubment cats tell us the economy is recovering, so all is well. Just wait for the bogus recovery period that will be coupled with astronomical inflation! Ohhhh, boy!!!
http://apnews.myway.com/article/20091117/D9C18RSG4.html
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5% of US taxpayers Pay 60% of ALL TAXES, 47% Will Pay ZERO or GET MONEY FROM OTHERS.
Karl Marx would be proud.
http://www.zerohedge.com/article/5-us-taxpayers-account-606-all-tax-reve...
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"American Recovery and Reinvestment Act" Sends Cash to Nonexistent Congressional Dists!
This really puts a neat spin on the "Emperor's New Clothes" concept, doesn't it?
http://www.washingtontimes.com/weblogs/back-story/2009/nov/17/recoverygo...
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Bernanke Tries to Instill Confidence over Dollar
Cue laughter echoing into infinity...
http://www.ft.com/cms/s/0/0f70fbfa-d2e0-11de-af63-00144feabdc0.html
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Glenn Jacobs, AKA "Citizen X", AKA "Kane" Hits Another Home Run - On Govt, Mercantilism, and Socialized Medicine
Leave it to Glenn to take breaking issues and derive the important political-economic lessons from them. This is a terrific piece for anyone who would like to get a better view of the corrupt interplay of politicians and business interests who don't like to compete in the free market.
Take a look!
http://adventuresofcitizenx.com/2009/11/07/russell-means-on-socialized-medicineh.aspx
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Hypocrite Elliot Spitzer Speaks at Harvard, on ETHICS
And it gets worse. Spitzer's speech not only didn't mention his massive hyprocrisy for prosecuting prostitutes and clients while he was a client of a call-girl himself, it centered on the IMPORTANCE OF GOVERNMENT AS A GUARDIAN AGAINST UNETHICAL BUSINESS PEOPLE!
Incredible! Is it possible that any of these people has ANY shame? Do they really believe they can walk naked and have people believe they have on the Emperor's clothes?!
Take a look!
http://wbztv.com/local/Eliot.Spitzer.harvard.2.1307590.html
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Former Prez G.W. Bush Warns of Govt Takeover of Private Sector - With HIS Record?! Jeez!
We would write what we think of this man, but we'd rather keep the swearing to a minimum. All we'll say is:
What the PFARGDL?!! This guy has a lot of gall to say something like this after his massive growth in government. Jeez, man...
http://www.washingtontimes.com/news/2009/nov/12/bush-warns-threats-freed...
(For reference regarding PFARGDL, go to www.homestarrunner.com)
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UK's Lord Finsbury: Let's Have a PERSONAL Carbon Allowance n Tax
First, we will stress the science.
Higher carbon dioxide releases do not PRECEED higher temps in the atmosphere, they FOLLOW higher temps.
Second, this story ought to be a message for anyone who was at all inclined to hit those "evil" companies out there with Cap n' Trade fascism. This is just a personal version of it. But hey, if government can do it to businesses, why not individuals? After all, the individuals will be feeling the effects of cap n trade on businesses anyway, this just makes it a bit more obvious!
Incredible stupidity.
http://www.telegraph.co.uk/earth/environment/carbon/6527970/Everyone-in-...
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Gold reserves Are Low - Chinese and Indian Central Banks Are Buying Stores to Hedge Against Coming Dollar Inflation
No surprise!
http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6546579/Barrick-shuts-hedge-book-as-world-gold-supply-runs-out.html
Avalanche of Fed Spending Prompts Fears over Value of Dollar - Gold Hits Mega-High
Not that free-marketeers haven't been saying this would happen. Remember, it will take some weeks before the Senate and House "compromise" on their various health fascism bills. If something passes (and we predict that they will pass regulations forcing insurance companies to take people with pre-existing conditions, a set-up for the downfall of private insurance), the price of gold will then soar. If something is not passed, then the mirage "recovery" will see the stock market rise, gold moderate for a few months, and then inflation will start to be seen, which will prompt gold to rise higher and higher.
The highs you see now will seem like nothing when those days come.
Chris "Fannie and Freddie Are in Great Shape" Dodd Unleashes Proposed New Financial Sector Rules
Nothing like a proven liar, cheat and intellectually corrupt man to propose new controls over private and peaceful citizens in their voluntary financial transactions.
Big thanks to Sheldon Richman at www.fee.org for getting this piece to the attention of more people!
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NH Govt Leads the Way: Towards Socialism
Anyone hear about this? Thankfully, Andrew Napolitano brought it up on his fill-in slot for Glenn Beck on 11-10-09. We will discusss in detail the political-economic ramifications of this in an upcoming audio production. Right now, let's just mention a few facts...
The gubment of NH is going to support part of a loan to the "Eagle Times", a newspaper that covers the so-called "upper valley". The "upper valley" is the geographic host to the parasitic city of Claremont, which has been sucking off the public teat for a long time. Whether it be in the form of suing the state to get money for local government-run eduction, or trying to get special 'renovation' projects paid by the state, this city is like a little piece of Boston right in NH.
Obama Keen on Fines and Possible Jail Time For Uninsured
Jake Tapper, of ABC News has a long interview with the Coercer and Chief. Too bad he never asked Obama to cite for him the actual passage in the Constitution that gives him this power, but he did get some pretty damning immoral stuff outta this immoral man.
Yeah, nothing like excuses for fascism and tyranny, huh?
http://blogs.abcnews.com/politicalpunch/2009/11/interview-with-the-presi...
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As Predicted on Twitter: Gold Shoots WAYYYY Higher After House Passage of Medical Fascism
It remains to be seen whether the gold price will stay this high, a great deal depends on what happens regarding medical fascism in the Senate.
Hope you bought some gold a while back. As the bogus 'recovery' gets more press, stocks will rise (a lot of inflated money will go into the stock market before the dollar fizzles in an inflationary implosion) and the price of gold will moderate (before the dollar does that nutty fizzle thaang). But once that inflated cash really moves through the system, you will be happy you have gold.
http://www.breitbart.com/article.php?id=CNG.38d1a363d5a9d9eb7392a4a7058f...
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WSJ Offers Great Piece... Mises: The Man Who Predicted the Great Depression
Thanks for the tip go out to Citizen X himself, Glenn Jacobs! Visit his site at www.adventuresofcitizenx.com!
http://online.wsj.com/article/SB1000142405274870447150457444360071177969...
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Chinese Gubment Correctly Labels Obama Admin. Protectionist
Protectionism is anti-freedom. Having the government tell people what they can and cannot buy is paternalistic, elitist, and interferes with private contract, harming economic decision-making. It is conducted at the expense of consumers in order to give special favors to certain politically prefered businesses. It costs consumers up to eight times more in lost capital than the special interest businesses make after the tariffs are applied, thus retarting economic growth and progress.
Freedom requires the liberty to compete, and to allow people to choose that which they buy.
This is not a free nation, and it is becoming less so each week.
Be Seeing You!
http://www.ft.com/cms/s/0/6b6956e6-cb01-11de-97e0-00144feabdc0.html
On Passage of House Medical Fascism Bill
Not only is this unconstitutional, running afoul of the 4th Amendment (private medical data will be collected without your consent), the 5th, the 9th and the 10th, it is a twisting of the interstate commerce clause the likes of which we have not seen since the bankrupt Medicaid Act. It also establishes criteria for denying health care to those deemed by government to be not worthy of it, forces private insurance companies to accept people with preexisting conditions (which will drive prices skyward), and penalizes US citizens if they do not buy policies.