Quote of the week
“Progressives have brought America to the brink of destruction with their unconscionable bullying and the never-ending demands of Fabian Socialism.” – Linda Schrock Taylor
by Cal Thomas
“Does the U.S. Constitution stand for anything in an era of government excess? Can that founding document, which is supposed to restrain the power and reach of a centralized federal government, slow down the juggernaut of czars, health insurance overhaul and anything else this administration and Congress wish to do that is not in the Constitution?” more…
by Ambrose Evans-Pritchard
“Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world’s second-largest economy has been able to borrow cheaply from a captive bond market, feeding its addiction to Keynesian deficit spending – and allowing it to push public debt beyond the point of no return.” more…
by Mark Dowie
“Were I an aspiring farmer in search of fertile land to buy and plow, I would seriously consider moving to Detroit. There is open land, fertile soil, ample water, willing labor, and a desperate demand for decent food. And there is plenty of community will behind the idea of turning the capital of American industry into an agrarian paradise. In fact, of all the cities in the world, Detroit may be best positioned to become the world’s first one hundred percent food self-sufficient city.” more… [ed. very interesting read]
by Tim Jones
“[I]t’s mind-boggling that the entertainment industry’s schemes to ‘fight piracy’ retain any credibility whatsoever. Unfortunately, thanks in large part to the industry’s deep coffers, many in government continue to take their claims seriously. As a result, the UK is close to implementing a ‘three-strikes’ policy of disconnecting illegal file-sharers from the Internet — even as a new poll reveals that those same file-sharers are the industry’s best customers. Here in the USA, Hollywood is once again lobbying the FCC to introduce ‘Selectable Output Control’ — a scheme which would grant the industry veto-power over new technologies.” more…
News and stuff…
- Tthe commerce clause and how it applies to mandatory health insurance.
- India buys 200 metric tons of gold from the IMF.
- A bit on the collapse of the Nazca, a Peruvian civilization that flourished about 1500 years ago.
- Pollution in China: in pictures. Wow…
- Audit the Fed is being gutted by the bankster sponsored Congress.
- Chechen separatism turns into a regional Islamist revolt.
- Operation Health Freedom launches.
- PATRIOT Act and State Secrets reforms pass House committee.
- Officially unemployment tops 10%.
- Cap’n Trade is slithering through the Senate.
- Robots need…. breasts!
- Rand Paul on healthcare. Part of Operation Health Freedom. Note that Rand Paul is running for Senate in Kentucky.
- Peter Schiff on healthcare. Also part of Operation Health Freedom. He’s also running for Senate, but in Connecticut.
And now the numbers…
DOW Jones Industrials – 10,023.42 (+310.69/3.20%)
S&P 500 – 1,069.30 (+33.11/3.20%)
VIX – 24.19 (-6.50/-21.18%)
CSI 300 (China) – 3,483.021 (+202.649/6.18%)
BSE 500 (India) – 6,294.50 (+152.07/2.48%)
MICEX (Russia) – 1,241.92 (+4.74/0.38%)
BOVESPA (Brazil) – 64,466.129 (+2,920.629/4.75%)
RICI – 3,120.74 (+2.88/0.09%)
Gold/oz – 1,095.70 (+55.30/5.32%)
Silver/oz – 17.375 (+1.12/6.89%)
Copper/lb – 295.25 (-0.30/-0.10%)
Oil/bbl (Brent) – 75.87 (+0.67/0.89%)
Wheat/bu (CBT) – 497.25 (+3.00/0.61%)
Corn/bu – 367.00 (+1.00/0.27%)
EUR-USD – 1.4848 (+0.0129/0.88%)
USD-JPY – 89.876 (-0.214/-0.24%)
USD-BRL – 1.7202 (-0.041/-2.33%)
3 Month Treasury – 0.04 (UNCHG)
2 Year Treasury – 0.84 (-0.05/-5.62%)
10 Year Treasury – 3.50 (+0.12/3.55%)
30 Year Treasury – 4.40 (+0.17/4.02%)
U.S. Public Debt (official) – 11,990,561,444,829.50 (+122,103,966,917.60/1.03%)
Baltic Dry Index (BDIY:IND) – 3,393.00 (+290.00/9.35%)
First the people in charge of our country are charlatans. Case in point: remember back last January where they were like without stimulus unemployment will go up like crazy, but with it it’ll go up less. Remember that? Well, unemployment is higher than any of their scenarios predicted. Plus the widely reported number doesn’t even count discouraged and part-time workers that are looking for full-time work. This number is over 17%.
Of course these folks maintain that without stimulus, TARP, or whatever the boondoggle of the day was, yes without any of that everything would be much worse. They will not admit an argument to the contrary. This is the essence of a non-falsifiable belief.
A non-falsifiable belief is just what the word implies, a belief to which a person will cling regardless of what evidence might be offered to the contrary. For example, people who cling to creationism or intelligent design can often be described as having a non-falsifiable belief. That is, regardless of how much information there is that supports Darwin’s theories these beliefs continued to be held.
Anyway, if folks want to reject evolution fine. What others believe is really of no consequence if they are not using those beliefs to write policy. And of course that’s where we find ourselves with the stimulus crowd. No matter what happens, no matter any amount of proof, no matter any amount of logic that might undermine their position, they continue to support it.
Just one bit of common sense explodes all of this crap they continue to foist upon us. To wit: no one has ever borrowed their way to prosperity. It’s that simple folks.
Tomorrow the House of (un)Representatives will vote on the healthcare boondoggle. This bill is bad for freedom, bad for our fiscal health, and bad for the future of this country. And they are holding a special Saturday session to vote. Uggg… In any case you can call them to let them know they should reject the bill. Or maybe you’re reading this and you support the bill!
Last thing. We’re having breakfast tomorrow in Saline at the City Limits Diner from 8-10AM. Pete Hoekstra’s gubernatorial campaign manager will be there for a discussion. That should be interesting. Hope to see some of you there.
Have a great weekend!