Week in Review

Quote of the week

“”But then where do we draw the line? When will we draw the line? At random `security checks’? At invasive, needless and pointless gropings at the airport? At government-sponsored torture of foreign citizens? At government-sponsored torture of American citizens? At illegal imprisonment of dissenters born on American soil? At the assassination by the government of its own people? Because this is all happening in the United States today.” – Gonzalo Lira

Happy Mother Earth Day, Citizen!

by Ben O’Neill

“The Earth-rights doctrine propagating through the UN circumvents the liberal idea that rights vest in individual people, and restores the effects of the feudal notion of the divine right of kings. In feudal times, when religion was a more powerful emotive force in politics than it is now, monarchical rulers would claim that they were God’s representatives on Earth, and that all property was vested in the Crown as the proper representative of God. Now that “Gaia” has supplanted God among modern mystics, the environmentalists alter the form of the feudal doctrine to achieve the same effect: government is the representative of Mother Earth, and therefore ownership of all physical property, i.e., all parts of Mother Earth, is vested in government as the representative of the entity from which it came. It is a doctrine of de facto feudalism, analogous in form, and equivalent in consequence to the doctrine of the divine right of kings.” more… [Even if you do not read this entire story, please reread the above paragraph. The implications are dire. But it is altogether a good article as well…]

How to Save a Trillion Dollars

by Mark Thompson

“Congress can’t make the numbers work by focusing on waste, fraud and abuse, though lawmakers rarely admit this. Both hawks and doves love declaring their determination to root out inefficiencies, but doing so won’t solve the problem. Bigger changes are required, and they are long overdue. Among a half-dozen serious studies about how best to reduce defense spending by up to $1 trillion over the next decade, an emerging consensus is easy to spot: Weapons purchases must be trimmed, and personnel costs must be reduced. And both of those require a new kind of political will to stop treating military spending as pork, a regional and local entitlement that can go on forever. Finally, revising America’s defense budget will happen only if the U.S. takes a hard-eyed look at the dozens of military missions that are no longer vital or affordable.” more… [A thoughtful and realistic critique of the Pentagon. From Time Magazine of all places!]

Ron Paul: The Founding Father

by John H. Richardson

“He is a constant in a changing world, an emissary from an older America. A self-styled constitutional purist, he has for forty years been a voice in the wilderness. But now he has sparked a movement that has put him at the center of the struggle over what kind of country we want to be. But is America ready for his radical vision?” more… [A nice read, and encouraging given the source.]

Regulars

Other Stuff

And now the numbers…

DOW Jones Industrials – 12,505.99 (+164.16/1.33%)
S&P 500 – 1,337.38 (+17.70/1.34%)
VIX – 14.69 (-0.63/-4.11%)
CSI 300 (China) – 3,299.942 (-59.002/-1.76%)
BSE 500 (India) – 7,582.27 (+54.73/0.73%)
MICEX (Russia) – 1,793.96 (+13.60/0.76%)
BOVESPA (Brazil) – 67,058.023 (+373.812/0.56%)
Nikkei 225 (Japan) – 9,682.21 (+90.69/0.95%)
RICI (Commodities) – 4,390.29 (+61.10/1.41%)
Oil/bbl (Brent) – 123.99 (+0.54/0.44%)
Corn/bu – 744.50 (-5.00/-0.67%)
Wheat/bu (CBT) – 834.75 (+54.75/7.02%)
Rough Rice (CBOT) – 14.31 (+0.345/2.47%)
Copper/lb – 441.90 (+14.15/3.31%)
Gold/oz – 1,503.80 (+17.80/1.20%)
Silver/oz – 46.077 (+3.506/8.24%)
EUR-USD – 1.4562 (+0.0132/0.91%)
USD-JPY – 81.83 (-1.3018/-1.57%)
USD-BRL – 1.564 (-0.0122/-0.77%)
USD-HKD – 7.7704 (-0.0039/-0.05%)
NZD-USD – 0.8023 (+0.0028/0.35%)
3 Month Treasury – 0.05 (-0.01/-16.67%)
2 Year Treasury – 0.65 (-0.04/-5.80%)
10 Year Treasury – 3.39 (-0.02/-0.59%)
30 Year Treasury – 4.46 (-0.01/-0.22%)
3 Month LIBOR – 0.27 (UNCHG)
U.S. Public Debt (official) – 14,290,788,661,250.50 (+19,996,542,065.60/0.14%)
Baltic Dry Index (BDIY:IND) – 1,254.00 (-42.00/-3.24%)

Well, I’m definitely as late as I have ever been this week. We’ll call that decompression. I took my last test Friday. I’m done! Yay! Meanwhile, Saturday was like the nicest day we’ve had in months and I had no homework. Baby Girl and I played at the park, we started seedlings for our garden, cleaned the house, and relaxed. Today is Easter. Everyone else is taking a nap so I came to finish this up.

On the whole Easter thing. One way to see this holiday is as an instance of a fertility holiday, and many traditions have such a holiday. My insight this week is that Earth Day is in fact the fertility holiday of the modern total state. Anyway, Happy Easter!

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