Overpopulation the Leftist Solution and the Right Solution

Almost all my relatives are leftist. Some of them more extreme than others. As the sole Libertarian I am more or less a pariah at family gatherings. Once in awhile I try to argue facts but it is pretty useless and I resign myself to blather about social justice and how Democrats are on the side of the people. One wonders how much money will have to be shoveled to Wall Street, GE, GM, Chrysler, unions and “green” companies by Obama and his party members before the lemmings take notice and realize the “peoples” party is a bunch of greedy bastards. Maybe someday but not today.

We will all be dead soon if we do not reduce the world population by 6,915,459,759 people using Chairman Mao as our spiritual leader to guide us to Valhalla. But if we get rid of 6,915,459,759 who gets to live?

One of the issues that comes up, secretly, one on one usually, is the overpopulation of the planet. As if there is a “right” amount of people. Mother Nature gives and she can damn sure take it away. If Mother Nature decides there are too many people the population will drop with or without George Soros approval. When is that bastard going to die anyway?

Getting back to the overpopulation “problem” there are several web sitesout there that address the “problem” such as “theGlobal Community: order and hope within chaos – we are now, and we are the future.” Pretty ominous declaration, like listening to Karl Marx telling me communism is inevitable. They declare:

“The Global community has researched and developed policies to reduce human population to 500 millions. We have regulated world population by means that are voluntary and benign and we have to take along with us a fair proportion of other life forms. Proper Earth management will certainly be a necessary tool to achieve our goal. A sound governance of the Earth is needed for the long term survival of our species. This is ‘la raison d’etre’ (reason for existence) of the Global Community. The Global community has proposed the creation of global ministries to manage Earth and humanities global problems. Of not there will be a collapse of humanity and of the environment. From now on every global decision we make will have tremendous consequences on our future. All men and women are responsible and accountable for the future of humanity. We have what it takes to decrease the rate of growth of world population and make it a negative rate of growth. Let us do that for the survival of our species and all life on Earth.”

Germain Dufour would like to get rid of 6.9 billion people give or take a few

Holy crap Batman, I feel like I just read the Communist Manifesto. “All men and women are responsible.” Did these lemmings ever hear of Paris Hilton? What a guilt trip placing the survival of the planet onto “every man and woman.” Proper “Earth Management”? Do these loons think if their model China become number one they will respect the planet?

Needless to say to any sane person these people are modern communist, dangerous and nuts.

Some of their proposals:

1. Why marry? Just make a oath of equality to the Global Community and enjoy each others company without the babies. (I guess you have to get the blessing of

the Global Community to have babies?)

2. Delay reproduction until later in life. (Civilized people do that now, are they talking about the third world people?)

3. Spread children farther apart. (I guess Fox News anchor Megan Kelly fails on that account. Is it any of their GD business?)

4. Government commitment to decreasing population growth. (Pretty fricking fascist and scary as hell.)

Virginie Dufour supports gentle sex monitoring supervisors making sure women do not get pregnant and thereby hurting Mother Earth

5. Local programs on family planning and contraception. (More government intrusion into our personal lives and bedrooms. Similar to the communist program of having block communist party members reporting on the neighbors’ anti-revolutionary behavior to the party boss apparatus. I can just see the local communist pigs reporting Juan and Maria had unprotected sex on the 14th of July to the Party Boss.)

6. Educational programs emphasizing the connection between family planning and the social good. (It is all for Mother Earth not you. You peons have no rights.)

How is this to be enforced? Lots of contraceptives and government “incentives.” What incentives? Chopping off penises and tits? Jail? Loss of job? They make it sound so innocent when in reality they are talking about a world dictatorship.

If the above measures do not work these Globalist are prepared to use:

1. Sexual abstinence. (Yea that will work, in jail.)

2. Contraception.

3. Serialization.

4. Abortion.

5. Infanticide.

And the Globalist cite China’s one child policy as a model to be followed. The blogs go on to talk about education, economic development of women and other government heavy handed communist tricks of the trade. More and more Uncle Joe Stalin solutions for the people. As an economist and Libertarian I just want to beat these idiots about the ears until some sense is knocked the fugk into them.

The Globalist would like nice obedient peasants who will do whatever the fearless all knowing leader suggest so we can save the planet

I have read enough garbage for the day, now it is my turn.

First dictatorships are inherently unstable. World dictatorships even more. People do not like to be told how and when to breed. People will revolt.

Second in the 20th century we lost easily 300 million people due to war, sickness, and famine yet the world population grew at astonishing rates. Even in communist China with the madman Mao starving their peasants off by the millions the population grew. Governments would, in the long run, not make a difference. As has been proven time after time, the answer to problems is handled much more efficiently in the private sector by private corporations.

Third why be such assholes? Why do it the hard way? Why be so secretive and George Soros like? All Soros and China want is the destruction of the United States. Soros is an ex-Nazi Jewicide freak that will be dead soon and China does not give a damn about the environment. China would rape and pillage Mother Earth from one side of the globe to the other. China already is colonizing Africa, building infrastructure and buying assets for future exploitation of the people and resources.

These one world people could not think their way out of a cardboard box.

The answers:

You can become a Global Community Citizen. All it takes is being dim witted and gullible. Looks like Mao and one of his subjects.

The evil hard way. Test children starting in the first grade and by the 6th grade get an accurate assessment of IQ. Perform sterilization on the ones in the bottom 50 percentile. No doubt racist and draconian. Guaranteed to increase the IQ of the population in a generation, if there is no revolution by then.

The easy capitalist way. Pay women not to reproduce. Put your money where your mouth is. Open clinics all over the world. Have capitalist businessmen figure out the demand curve to capture the most women effectively. Pay the capitalist pigs high wages, called efficiency wages, above the going market rate for the country. Let the capitalist businessmen figure out the details and before you know it third world women will be flocking into sterilization clinics all over the world to get their tubes tied and a pay check. Why waste money on the men? Last time I checked they did not breed.

There will be a learning curve. Some nations will resist, some will outlaw the practice, some cultures will resist. It will be a trial and error process. The key is paying women on a voluntary basis. No need for wars. No need to destroy capitalism and America. No need for the fascist Chinese to be the world leader, leading the way into environmental raping and pillaging of the planet like a bunch of army ants devouring everything in their wake. No need for secrecy and fascist Jews who hate Jews to lead your organization. All voluntary and funded through private donations.

But if they get rid of 6.9 billion people what do they base the criteria for the remaining 500,000? Sounds like a bunch of Jehovah Witnesses telling people only 144,000 people are worthy of heaven. Well at least these people upped the number to 500,000.

What a difference it would make if these one world communist would utilize capitalism to achieve their purported ends. Of course some of them have no interest in solving the world population crisis and helping Mother Earth. For most in the environmental movement it is just another way to promote communism. For the true believers setting up sterilization clinics throughout the third world would benefit their goals and provide a revenue source for these countries. The progressive fat cats could channel their energies into a open and free exchange of desired goals for money.

As always there is a hard, nasty, dirty way and a easy capitalist beneficial way. The Globalist just need to get the top 100 wealthy families to buy into it and pay the bill. Of course the Globalist will probably find the top 100 wealthy families have no interest in “saving” the planet. The Globalist will eventually find out that while the top 100 wealthy families profess belief in their ideals of one world government to save the planet, in reality, as always, the top echelon are interested in power, money, and little else.

George Soros admits he screws up people and governments just for the fun of it. Most top 100 rich families would like the power of a one world government to settle some old scores. Like maybe the Jews getting even with Caucasian for centuries of discrimination and murder? Maybe using the Chinese to achieve that goal? What I am saying is people are bastards. Why chance it? Capitalism is always the best solution for the problems that ail you.

Detroit’s Population Crashes-Any Surprises?

Any surprises? People do not like low IQ, high crime people. People do not like socialism and communism, they may be tricked into voting for socialism and communism because they are idiots but as soon as they scrape enough money for a deposit on a apartment where the civilized people live they do it. Even the low IQ people love capitalism and freedom. They just vote for communism, socialism and fascism. Telling when the socialist paradise is created in Detroit how the people flee from that paradise.

Detroit, Pontiac, Benton Harbor, Lansing, Flint, Gary, anyone see a pattern? Black Run America. BRA.

For those who have any doubts here is a link to the purchasing power parity for countries around the world. Run through it a little and see if what happened to Detroit is unique to black run countries.

Let’s hope in the next decade two things happen:

1. Affirmative action ends and Barack Husein Obama is the poster child of why it should end.

2. We civilized, not idiots, people can confront the low IQ, idiots, high crime idiots destroying America with their attitudes about capitalism, marriage and supporting their children with a biological father in the fricking house. Explain to them the relationship between crime, jail and no father in the home. We will never be able to raise their IQ but at least we can get biological fathers in the home and stop the breeding of thugs and criminals.

The following appeared in the WSJ on 3-23-2011.

DETROIT—The population of Detroit has fallen back 100 years.

The flight of middle-class African-Americans to the suburbs fueled an exodus that cut Detroit’s population 25% in the past decade to 713,777, according to Census Bureau data released Tuesday. That’s the city’s lowest population level since the 1910 census, when automobile mass production was making Detroit Detroit.

The decline, the fastest in city history, shocked local officials, who had expected a number closer to 800,000. Mayor Dave Bing said the city would seek a recount.

“If we could go out and identify another 40,000 people that were missed, and it brings us over the threshold of 750,000, that would make a difference from what we can get from the federal and state government,” Mr. Bing said at a news conference Tuesday.

In all, the city lost more than 237,000 residents, including 185,000 blacks and about 41,000 whites. The Hispanic population ticked up by 1,500. Meanwhile, the black population in neighboring Macomb County more than tripled to 72,723, constituting 8.6% of the county’s population in 2010, compared with 2.7% a decade earlier. Oakland County’s African-American population rose 36% to 164,078.

The image of Detroit the mayor wants you to see

Detroit’s population has fallen steadily since the heyday of the auto industry in the 1950s, when it peaked around two million, but the declines have accelerated in recent years as manufacturing jobs have disappeared and the mortgage crisis has devastated even stable, middle-class neighborhoods. The number of vacant housing units doubled in the past decade to nearly 80,000, more than one-fifth of the city’s housing stock, the Census Bureau reported.

“For those of us who have been out in the neighborhoods, we knew that the foreclosures and the abandonment were really extreme and accelerating,” said Lyke Thompson, director of Wayne State University’s Center for Urban Studies. “The question is, can you put a bottom under it?”

In 1950, Detroit was the fifth-largest city in America, behind New York, Chicago, Philadelphia and Los Angeles, and it was in the top 10 as recently as the 1990 Census. Now, Detroit is likely to fall to 19th, behind Indianapolis and Columbus, Ohio.

The numbers add new urgency to Mr. Bing’s campaign to align the sprawling city’s finances and geography with its shrinking population—a process the mayor acknowledges is taking more time than he envisioned. For more than a year, the mayor has been working on a restructuring plan that would end some municipal services in sparsely populated areas. At the same time, the city is working to attract young, educated residents to help stabilize neighborhoods.

“We are going to continue to lose population unless we continue to make cultural changes,” Mayor Bing said Tuesday. “We have got to make sure that our neighborhoods are safe, that they are growing, that we have good housing stock and make sure that people have the right services. All those things are very important at maintaining population.”

Earlier this year, the mayor announced a program to entice Detroit police officers—more than half of whom live outside the city—to buy homes in the Detroit. The initial response has been strong, Police Chief Ralph Godbee said in an interview last week. Wayne State and two downtown hospital systems have offered a similar program in the city’s Midtown neighborhood, the hub of a growing creative community.

Even with these programs, local demographer Kurt Metzger expects the city’s population to fall further. High taxes and failing schools in the city, and inexpensive housing in the suburbs, combine to make Detroit a tough sell.

“People are still looking to move out for safety and services,” said Mr. Metzger, director of Data Driven Detroit, which compiles Census data for the city. The population-decline numbers, which exceeded his own estimates by 75,000, will only reinforce negative perceptions of the city, he said.

The Census report comes amid signs that the regional and state economies are beginning to stabilize. Michigan added 10,000 manufacturing jobs last year, and unemployment has dropped sharply.

Some pockets of Detroit are seeing growth, led by immigrants, young professionals and artisans, which Mayor Bing sees as an important trend. “We are getting a lot of that 21-to-30 population moving back to the city,” he said. “I think that bodes very well for us.”

Emily Linn, 33 years old, opened a store in 2009 with her brother in Midtown selling goods from local artists and craftspeople. “Throughout Detroit’s history, there has been work on revitalization. It seems like there is kind of a critical mass right now,” said Ms. Linn. “In Midtown, we actively notice a lot of new residents.”

Detroit’s largely Hispanic southwest neighborhood remains stable, helped by new immigration, cheap housing and low barriers of entry, said Angela Reyes, executive director of the Detroit Hispanic Development Corp., a community organization.

Jose Jesus Lopez, 45, started his restaurant Mi Pueblo in southwest Detroit in 2000. Since then, it has grown from 13 tables to 56 tables, plus a separate banquet center. “Southwest Detroit works as a community,” Mr. Lopez said. “The Depression and all the tough times, we made it through, so many businesses survived.”

—Matthew Dolan contributed to this article.

Write to Kate Linebaugh at kate.linebaugh@wsj.com

The Law of Unintended Consequences

Now we have our third military action in ten years. And as if the fanatical poor backward Muslims did not need another excuse to riot and overthrow their governments. Just when the action in the Middle East was dying down in steps Barack Husein Obama to fire up the troops by bombing Libya. Whip out the American Flags and burn them. Heads up more anti-American resentment coming our way. Higher gas prices, more economic stagnation. Golly seems like it is almost scripted.

And what will the result of putting rebels in charge of Libya be? Will other Middle East regimes fall because of their support of America? Saudi Arabia maybe?

Is there any doubt that Obama is no different than George Bush? Is there any doubt we do not have any representation in Washington? It does not matter who we put in there we get the same policies year after year. Spend and war.

Another day, another president, another war

Money Bubble Already Starting to Burst

This will be the fourth bubble in the last 22 years. First we had the Savings and Loan bubble of 1989. Second was the NASDAQ bubble of 2000. Third was the housing bubble of 2007 and now the money bubble of 2011. Why do we keep getting these bubbles? Because all our Federal Reserve and politicians know is printing and spending money. Creating inflation is the only trick in their bag. Some call it Keynesian economics, others fraud.

Will Ben Bernanke be remembered as the worse Federal Reserve Chairman while history forgets Alan Greenspan?

The problem with the current money bubble is government spending has gone up 40% and private investment down 21% from 2005 to 2010. In other words we have been “investing” in the wrong sector of the economy for the last five years.

Before from 2003 to 2007 we had five years of mal-investment in housing stock and other related items. Just a rough guess but there was about $5.4 trillion invested in real estate, from 2003 to today, which should have been invested elsewhere. And that bubble is still bursting. It is not over for real estate.

The federal government has spent $1.7 trillion on nothing more than increasing the growth of government since 2005. A fraud perpetrated to satisfy some Keynesian economist fairy tale of what the Gross Domestic Product should be. In five years while the rest of the economy has contracted government spending has accelerated 40%.

Why is this so damaging? Because when the rest of the economy is contracting the money has to be taxed, borrowed or printed. In the case of the United States that means borrowed money. Government receipts have gone up 4.9% since 2005 or less than 1% a year. It does not take a economist to figure out 8% annual growth in government with a 1% annual growth in revenues plus a negative growth rate of 4.2% in private investment is Argentina numbers.

It is all good if you work for the government

To compound the problem unlike Japan we do not have a homogeneous country like we did in 1933. Only 64% of the population is white. Blacks end up in the clink at a rate 6.5 times that of whites and Hispanics 3.8 times. Children need to be taught the facts so they do not end up like the eleven year oldin Cleveland, Texas that was raped by 28 black men. We need to teach our children to stay out of dangerous areas and to hell with political correctness.

When the bubble burst there will be a lot of hungry people. To put it bluntly I would not want to be in any major city with large Hispanic and black populations side by side. Like Orlando, Florida, Miami, Florida or Oakland, California. The politicians and bankers are spreading the fuel liberally and preparing the fire.

Some may ask do the politicians know what they are doing or are they just caught up in John Maynard Keynes fairy tales? Some are clueless like Obama but some know exactly what they are doing like Bernanke. If you read banking history from the left or right point of view the same inflationary events, bubbles, and scandals occur over and over again. Currently we are following the path of the Weimar Republic of the central bank assuming the role of Daddy Big Bucks bailing everyone out time after time. Nobody is reporting it but the Federal Reserve is expanding the monetary base at the same growth rate as they did in the fall of 2008. More bail outs. More quantitative easing to come.

Once the Federal Reserve and the politicians become addicted to the printing press it is a vicious cycle that took EIGHT years for the German central bank and politicians to break. In the eight years millions of elderly people starved to death and a generation of malnourished children went on to fight for Hitler.

Private investment down 21% since 2005

Is Wall Street scared? Hell no. They know inflation is a gold mine of opportunities to purchased undervalued assets for literally pennies on the dollar. Wall Street and bankers all over the world have been playing this game for centuries. They know inflation concentrates wealth into the hands of a very few powerful elites. They just want to make sure it is them.

The bottom line is do what you can. In WWII people in the cities started victory gardens. Learn how to grow your own food. Stock up. Firearms training. The storm is coming and it will be a category 4 or 5 hurricane.

It is all Fun and Games for the Affirmative Action Idiot

When you elect leftist crap you get leftist crap. When you elect a dull 95 IQ affirmative action leftist you get a complete lack of compassion for 88% of Americans and the rest of the civilized world. This guy is scary Hitler maniacal. I will let the shrinks deal with the psychoanalysis but anyone can see the guy is a fruit cake. The biggest goof ball in charge of a superpower since Nero, Caligula, Czar Nicholas? God help America. The sad thing is the half Negro will most likely win re-election because of his skin color.

by KEITH KOFFLER on MARCH 15, 2011, 12:10 PM

The Middle East is afire with rebellion, Japan is imploding from an earthquake, and the battle of the budget is on in the United States, but none of this seems to be deterring President Obama from a heavy schedule of childish distractions.

The newly installed tandem of White House Chief of Staff William Daley and Senior Adviser David Plouffe were supposed to impart a new sense of discipline and purpose to the White House. Instead, they are permitting him to showcase himself as a poorly focused leader who has his priorities backward.

It is a lot of fun these days in the White House.

This morning, as Japan’s nuclear crisis enters a potentially catastrophic phase, we are told that Obama is videotaping his NCAA tournament picks and that we’ll be able to tune into ESPN Wednesday to find out who he likes.

Saturday, he made his 61st outing to the golf course as president, and got back to the White House with just enough time for a quick shower before heading out to party with Washington’s elite journalists at the annual Gridiron Dinner.

With various urgencies swirling about him, Saturday’s weekly videotaped presidential address focusing on “Women’s History Month” seemed bizarrely out of touch.

Obama Friday took time out to honor the 2009-10 Stanley Cup Champion Chicago Blackhawks. Thursday was a White House conference on bullying – not a bad idea perhaps, but not quite Leader of the Free World stuff either.

Obama appeared a little sleepy as he weighed in against the bullies, perhaps because he’d spent the night before partying with lawmakers as they took in a Chicago Bulls vs. Charlotte Bobcats game.

Meanwhile, the president has been studying for weeks whether to establish a No Fly Zone over Libya, delaying action while the point becomes increasingly moot as Qaddafi begins to defeat and slaughter his opponents. And lawmakers from both Parties are wondering why he seems to be AWOL in the deficit reduction debate.

The Libya indecision follows an inconsistent response to the protests that ousted former Egyptian President Mubarak and seemed to catch the White House off guard. The perfunctory response from the White House Monday to Saudi Arabia’s dispatch of troops to Bahrain suggested the administration wasn’t prepared for that one either.

But the fun stuff won’t end anytime soon. On Thursday, the Taoiseach of Ireland will be in town to help the president celebrate St. Patrick’s Day. And then Friday it’s off to Brazil for the start of a three-country Latin American tour.

Oddly, he’ll be missing Carnival, which went down last week.

China Left Holding Worthless US Debt, Japan out of Picture Now

Well as the talking heads explained on the financial and political shows the real story coming out of Japan is they are out of the business of buying US debt. This debt was estimated to be $898 billion in February 2011. China is the largest holder of US debt at $1160 billion. Japan was purchasing $6.4 billion in debt per month while China has actually been reducing it’s exposure to the dollar selling $4 billion worth of debt between November and December of 2010.

What was gradually happening, the collapse in the bond market will accelerate. With China limiting their exposure and reducing their holding of US debt and Japan preoccupied with tsunami relief efforts and rebuilding the outlook for the dollar just got a lot dimmer.

The end of Japanese purchases of US debt for the foreseeable future

The next largest purchaser of US bonds is England with $272 billion worth. It is worth noting Great Britain did purchase $29.6 billion worth of securities from November to December of 2010. So now we look to the British to bail us out? Last time I checked the Brits owed almost as much as the US in debt as a percent of their GDP.

Hope and change. More like Cloward and Piven. Bill Clinton was smart enough to reverse himself. Our affirmative action idiot is out playing golf. I know now what it must have been like to be a dust bowl farmer with a crippled leftist elitist pig in the White House in 1935. No hope and a slow steady march towards world war. We are truly paying the price political correctness and there is no end in sight.

Caliphate Spreading to Saudi Arabia

It was only a matter of time before the radical Islamic fascist went after Saudi Arabia and their sometimes pro-western dictatorship. The Saudi police wasted no time opening fire on the protesters. If the protesters are successful gasoline prices will spike even more dramatically. $10 a gallon gasoline would be possible. Like Wisconsin is the key battle in America against the tyranny of the union thugs and Obama so too is the battle in the Middle East over Saudi Arabia.

In the end even if the Islamic fascist win in Saudi Arabia whoever controls the country will want to open the supply of oil to the west. Money is green all over the world. But the damage will have been done to the American and European economies.

All the violence and power struggle in the Middle East, Venezuela and Libya could be over almost instantaneously if we had leadership in Washington.

How?

Let’s pretend Palin is president. Or Christie if you like. They call a press conference. At the press conference they announce that the Department of Interior will accept, review and grant all drilling applications on a first come first serve basis anywhere in the United States. Oil futures would drop from $105 a barrel to $30 or $40 dollars overnight.

How?

Oil is priced on the FUTURES market. If the world oil producing community knew the US was committed to drilling everywhere and anywhere soon, very soon there would be a huge drop in the futures market based on the fact that there would be plentiful, safe and secure supplies coming onto the world market.

Oil is like drug money. It is a cheap easy way to get rich quick. Is it a coincidence that dictatorships form around oil producing countries? Venezuela, Libya, Russia, Saudi Arabia and so forth. When a commodity dominates a economy, diamonds, wheat back in the Roman times, the chances of a dictatorship increase dramatically because those with access to money and power grab control over the means of production and government. Government becomes a tool used by the wealthy. Usually the most oppressive governments feed the ignorant masses propaganda about shared sacrifice and greedy capitalist while hording all the wealth for themselves like Chavez in Venezuela or the Saudi Royal Family.

So what happens to these dictatorships when oil permanently drops to $40, $30 or even $20 a barrel? They die and blow away. The violence and radicalism stops. Why fight and die over a few bucks? People stop killing in the name of some perverted founder of a perverted religion that endorses child rape. People regain their sanity. The dictators lose their power and the average person lives in peace. It could all happen if we had leadership in Washington. The nightmare could be gone. It will never happen because the political elite do not want there to be peace and stability.

Saudi police open fire at protest

By SARAH EL DEEB
The Associated Press
Thursday, March 10, 2011; 2:49 PM

CAIRO — Saudi police opened fire Thursday to disperse a protest in the mainly Shiite east, leaving at least one man injured, as the government struggled to prevent a wave of unrest sweeping the Arab world from reaching the kingdom.

The rare violence raised concern about a crackdown ahead of more planned protests after Friday prayers in different cities throughout the oil-rich kingdom. The pro-Western monarchy is concerned protests could open footholds for Shiite powerhouse Iran and has accused foreigners of stoking the protests, which are officially forbidden.

Despite the ban and a warning that security forces will act against them, protesters demanding the release of political prisoners took to the streets for a second day in the eastern city of Qatif. Several hundred protesters, some wearing face masks to avoid being identified, marched after dark asking for “Freedom for prisoners.”

Police, who were lined up opposite the protesters, fired percussion bombs, followed by gunfire, causing the crowd to scatter, a witness said, speaking on condition of anonymity for fear of government retaliation.

The witness said at least one protester was injured and lifted by others to a car for treatment. It was not clear how the protester was injured.

Scores of protesters in Qatif had also marched in the city streets Wednesday night.

Mainly Sunni Saudi Arabia has struggled to stay ahead of the unrest that has led to the ouster of the Egyptian and Tunisian leaders in recent months.

Last month, the ultra-conservative government announced an unprecedented economic package worth an estimated $36 billion that will give Saudis interest-free home loans, unemployment assistance and debt forgiveness. It also has reiterated that demonstrations are forbidden in the kingdom because they contradict Islamic laws and society’s values and said security forces were authorized to act against anyone violating the ban.

So far the demonstrations have been small and concentrated in the east among Shiites demanding the release of detainees. But activists have been emboldened by other uprisings have set up Facebook groups calling for protests in the capital, Riyadh, on Friday to demand democratic reforms. One such group garnered more than 30,000 supporters.

The spread of calls for protests, particularly outside the generally tense eastern Saudi Arabia, home to the country’s Shiite minority, has prompted government officials to issue strong warnings that it will act against activists taking to the streets.

Amnesty International called on Saudi authorities to reverse the ban on peaceful protests in the kingdom.

Philip Luther, a spokesman for the international rights group, said authorities should address the need for major human rights reforms and heed the growing calls for change instead of trying to intimidate protesters.

“Reports that the Saudi authorities plan to deploy troops to police upcoming demonstrations are very worrying,” he said.

The Interior Ministry has banned demonstrations, saying they contradict Islamic laws and society’s values and adding that some people have tried to go around the law to “achieve illegitimate aims.”

“Reform cannot be achieved through protests … The best way to achieve demands is through national dialogue,” Saudi Foreign Minister Prince Saudi al-Faisal said Wednesday.

Federal Reserve Pumping Billions into the Economy Again

In a disturbing trend the Federal Reserve is frantically pushing money into the economy once again. The monetary base has increased 14.7% in the last two months and a staggering 165% in the last three years. This is the steepest increase since the 2008 bail out when it increased 91% in a three month period.

The bail outs just keep on coming

Rating: 5.5/10 (6 votes cast)

Whore Not Hero: The Traitor Files — Teddy Kennedy

The following appeared in Atlas Shrugs on 2-27-2011.

Is it any wonder that we have a radical in the White House? I mean, seriously. The Democrat heroes of the left have for decades been the worst subversives in our nation’s history, actively working against individual rights, capitalism, and basic Constitutional principles. Time and time again. Is it any wonder that we wound up in this current crisis, with an imposter at 1600 Pennsylavania Avenue? It’s a wonder that it didn’t happen sooner. We are in a chokehold, held hostage by the leftwing government’s union armies.

What I want to know is, why were these traitors protected? Teddy was the tip of the poisonous spear. Time after time, year after year, decade after decde, their treason is/was covered up. Was there not one decent man or woman with integrity? One?

The Teddy Files: Even Worse Than You Thought! Powerline hat tip Rut

After repeated attempts, Judicial Watch has managed to pry loose certain documents relating to Teddy Kennedy from the FBI. The FBI’s original redactions plainly had nothing to do with national security, so the agency apparently was trying to protect Kennedy’s reputation.

The most entertaining documents relate to a trip Kennedy took to Latin America in 1961. He visited a number of countries, accompanied by his “political counselor.” In each country, Kennedy met with prominent Communists or other left-wing leaders. The U.S. Ambassador to Mexico was outraged that Kennedy wanted to bring such people to the embassy–this was the heart of the Cold War, after all–and he refused, telling Kennedy to arrange his own interviews somewhere else. A State Department official in Peru described Teddy as “pompous and a spoiled brat.”

In Colombia, the first person Kennedy wanted to meet with was Lauchlin Currie, a Russian spy who served as a key aide to Franklin Roosevelt, then moved to Colombia and renounced his American citizenship.

By the time he got to Chile, Kennedy apparently was tired of political work, so he “made arrangements to ‘rent’ a brothel for an entire night” in Santiago. You can read the FBI reports here. Here is one of them;

The year after his Latin American tour, Kennedy entered the United States Senate. It is quite remarkable: the Kennedy that emerges from the FBI reports sounds like a right-winger’s cartoon fantasy of the man. However bad you thought Ted Kennedy was, he was worse!

Inflation Is Here, and It Is Going to Get Worse Mises Daily

Mises Daily: Thursday, February 24, 2011 by Frank Shostak

As compared to September last year, the growth momentum of price indexes shows visible strengthening. Year on year, the rate of growth of the consumer price index (CPI) rose to 1.6 percent in January from 1.5 percent in the month before and 1.1 percent in September last year. Also the growth momentum of the consumer price index less food and energy has strengthened in recent months. The yearly rate of growth climbed to 1 percent from 0.8 percent in December and 0.6 percent in October.

Economists blamed the increase in price indexes on the higher prices of apparel, airline fares, and shelter costs. Note that attempting to explain general increases in prices in terms of the components of the price index is not an explanation, because it doesn’t address the key causes.

Is Inflation about Price Rises?

The fundamental problem here is a failure to define the problem properly. The essence of inflation is not a general rise in prices as such but an increase in the supply of money, which in turns sets in motion a general increase in the prices of goods and services.

As Mises explained in his essay “Inflation: An Unworkable Fiscal Policy,”

“Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term “inflation” to refer to the phenomenon that is an inevitable consequence of inflation, that is, the tendency of all prices and wage rates to rise. The result of this deplorable confusion is that there is no term left to signify the cause of this rise in prices and wages. There is no longer any word available to signify the phenomenon that has been, up to now, called inflation. …

As you cannot talk about something that has no name, you cannot fight it. Those who pretend to fight inflation are in fact only fighting what is the inevitable consequence of inflation, rising prices. Their ventures are doomed to failure because they do not attack the root of the evil. They try to keep prices low while firmly committed to a policy of increasing the quantity of money that must necessarily make them soar. As long as this terminological confusion is not entirely wiped out, there cannot be any question of stopping inflation.”

Now a price of a good is the amount of money asked for the good. Hence for a given amount of goods the more money is in the economy, the higher the amount of money per good spent is going to be, all other things being equal. This means that for a given amount of goods, an increase in the money supply, i.e., the amount of dollars, all other things being equal, must lead to more dollars spent per unit of a good, i.e., a general increase in prices of goods.

When inflation is seen as a general rise in prices, then anything that contributes to price increases is called inflationary. It is no longer the central bank and fractional-reserve banking that are the sources of inflation, but rather various other causes. In this framework, not only does the central bank have nothing to do with inflation, but, on the contrary, the bank is regarded as an inflation fighter.

Thus, a fall in unemployment or a rise in economic activity is seen as a potential inflationary trigger which therefore must be restrained by central-bank policies. Some other triggers, such as rises in commodity prices or workers’ wages, are also regarded as potential threats and therefore must always be under the watchful eye of the central bank.

We suggest the Fed’s massive pumping during 2008 to September 2009, and the consequent increase in the growth momentum of the money supply (AMS), is the key factor behind the present strengthening in price inflation. Observe that the yearly rate of growth of Fed’s balance sheet stood at 153 percent in December 2008 whilst the yearly rate of growth of AMS jumped to 14.3 percent in August 2009.

The Popular Definition Cannot Explain Why Inflation Is Bad

If inflation is just a general rise in prices, then why is it regarded as bad news? What kind of damage does it do? Mainstream economists maintain that inflation, which they label as general price increases, causes speculative buying, which generates waste. Inflation, it is maintained, also erodes the real incomes of pensioners and low-income earners and causes a misallocation of resources.

Despite all these assertions regarding the side effects of inflation, mainstream economics doesn’t tell us how all these bad effects are caused. Why should a general rise in prices hurt some groups of people and not others? Why should a general rise in prices weaken real economic growth? Or, how does inflation lead to the misallocation of resources? Moreover, if inflation is just a rise in prices, surely it is possible to offset its effects by adjusting everybody’s incomes in the economy in accordance with this general price increase.

However, if we accept that inflation is an increase in the money supply, and not a rise in prices, all these assertions can be easily explained. It is not the symptoms of a disease but rather the disease itself that causes the physical damage. Likewise, it is not a general rise in prices but increases in the money supply that inflict the physical damage on wealth generators.

Increases in the money supply set in motion an exchange of nothing for something. They divert real funding away from wealth generators toward the holders of the newly created money. This, not price rises as such, is what sets in motion the misallocation of resources. Moreover, the beneficiaries of the newly created money — i.e., money created “out of thin air” — are always the first recipients of money, who can divert a greater portion of wealth to themselves. Obviously, those who either don’t receive any of the newly created money or get it last will find that what is left for them is a diminished portion of the real pool of funding.

Furthermore, real incomes fall, not because of general rises in prices, but because of increases in money supply; in other words, inflation depletes the real pool of funding, thereby undermining the production of real wealth — i.e., lowering real incomes. General increases in prices, which follow increases in money supply, only point to the erosion of money’s purchasing power — although general rises in prices by themselves do not undermine the formation of real wealth as such.

Contrary to popular thinking, the Fed’s preoccupation with maintaining price stability by keeping the CPI rate increases at a particular acceptable range, such as 2 percent, can actually generate nasty surprises. For instance, as a result of strong monetary expansion and a correspondingly strong increase in the production of goods, prices remain stable. Notwithstanding this stability, various nasty side effects are likely to emanate from monetary expansion. Hence we suggest that Fed policy makers should pay close attention to the sources of monetary inflation rather than focusing on the symptoms of inflation.

On this Rothbard wrote,

The fact that general prices were more or less stable during the 1920s told most economists that there was no inflationary threat, and therefore the events of the Great Depression caught them completely unaware.[1]
Prospects for Price Inflation

When money is injected into the economy, it never affects the prices of goods instantly. Because money moves from one market to another market there is a time lag. We have estimated that in the United States it takes about 36 months before changes in money supply generate a visible effect on the prices of goods in general. It must be emphasized that the lags are variable, i.e., in some periods the time lag could be less than 36 months, in some other times it could be more than 36 months.

Based on past massive monetary pumping and using the time lag of 36 months, we can suggest that the growth momentum of the full CPI and the CPI less food and energy is likely to visibly strengthen in the months ahead. We forecast that the yearly rate of growth of the CPI could rise to 2.4 percent by September before jumping to 4.4 percent by December. Year on year, the rate of growth of the CPI less food and energy is forecast to climb to 1.5 percent by September before climbing to 2.7 percent in December. The message from our monetary analysis that there is a growing risk of acceleration in price inflation in the months ahead.

Since September last year, the growth momentum of the US consumer price index (CPI) has displayed visible strengthening.

We suggest that the Fed’s massive monetary pumping during 2008 to September 2009 is the key factor behind the strengthening in price inflation.

Based on past monetary pumping, we expect the growth momentum of the CPI to strengthen further.