World News

Saturday, June 4, 2011

Re: Save America by kicking all political rituals in the ass!

"... a key political strategy of the Marxist left (which we used to call the "lunatic left") is to attempt to censor all criticisms of their socialistic policies by claiming that their critics are "haters," "extremists," "racists," etc. Rather than debating the issues, as much of the non-lunatic left does, they simply call people names. Every conservative and libertarian organization is routinely labeled as "far right, anti-government," the same language that is used for every crackpot who commits murder in public. All of this language comes from the Southern Poverty Law Center, which the media just adores since they, too, are part of the lunatic left for the most part.

"This strategy comes down to this: It is essentially the language of a two-year-old who, since he is incapable of engaging in much of a reasoned debate, simply says, "You're mean. Waaaaaaaaaaah." -- Thomas DiLorenzo

JP FW: Worth Reading By Dr. Qadeer Khan

The private sector is hurt by too much government involvement, says Marc Faber

The private sector is hurt by too much government involvement, says Marc Faber
Source: BI-ME , Author: BI-ME staff
Posted: Fri June 3, 2011 8:52 pm

INTERNATIONAL. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor predicted the US fiscal deficit will remain very large and it will mean that over time the US dollar will lose its purchasing power, more money will have to be printed, and additional easy measures will have to take place.

Speaking in an interview with Insider Monkey during the recent Ira Sohn Conference, Faber blamed big government and Barack Obama for the current tumultuous period, characterizing the US President as "by far one of the worst Presidents the US has had" because "none of what he said he would do, mainly change, has actually occurred".

"The priority would be to essentially make the US competitive, but by pursuing expansionary fiscal policies that enlarge the government, you atrophied the private sector," he said.

"The private sector is hurt by too much government involvement, Faber added.

Asked about the next election cycle, Faber said he expected Obama to be reelected "because we have some kind of a tyranny of the masses."

"You have essentially more people getting handouts than large tax payers. And so they are huge voting bloc. Then you have the unions, also large voting bloc. And then you have the government officials. They don't want to have cutbacks in government and be fired".

"It's very difficult to cut entitlements. In other words, social security, Medicare, and Medicaid because nobody wants to do that. so essentially the fiscal deficit will stay very large and it will mean that over time the US dollar will lose its purchasing power, more money will have to be printed, more quantity of easy measures will have to take place, and so forth," he told Insider Monkey.

Where should investors be?

You shouldn't own cash and government bonds but you should be in assets like real estate or equities or precious metals or in commodities, Faber advised.

"The more negative you are about the world and the geopolitical trends which will lead to war, the more likely it is that you will do better in equities than say in bonds and cash," he stressed.

In the latest edition of the Gloom Boom & Doom report, Faber reiterates his long-term view about gold and argues that the precious metal can only go higher because of negative real interest rates.

He thinks long-term investors should be exposed to gold because in either scenario they stand to gain....a deflationary collapse is unlikely to hurt gold because the Fed will simply debase the dollar to get nominal prices higher, ....on the other hand, ....if the Fed successfully inflates asset prices, inflation will be in the double-digits, which would be bullish for gold.

Faber recommends a gradual accumulation of gold despite market fluctuations.

He also reiterates his negative dollar view: A temporary bounce in the dollar would be met with more money printing by the Fed, limiting any sustainable gains. The only scenario where you could see a much higher dollar would be nothing short of a worldwide financial collapse, he writes.

Note: Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics. Between 1970 and 1978, Dr Faber worked for White Weld & Co in New York, Zurich and Hong Kong.

Since 1973, he has lived in Asia. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK). In June 1990, he set up his own business which acts as an investment advisor and fund manager.

In 2000 Faber decided to spend more time writing his newsletters as well as growing his advisory business. He moved back to his home in Chiang Mai, Thailand, maintaining only a small administrative office in Hong Kong.

Dr Faber publishes a widely read monthly investment newsletter 'The Gloom Boom & Doom Report' which highlights unusual investment opportunities, and is the author of several books.

http://www.bi-me.com/main.php?id=52927&t=1&cg=4

Another TSA Crime: Word Disfiguration

Another TSA Crime: Word Disfiguration
by Ira Katz

Virtually every minute of every day the Transportation Security Administration (TSA) is committing the serious crimes of arbitrary search and seizure ( a hunt by law enforcement officials for property or communications believed to be evidence of crime, and the act of taking possession of this property) and assault ( an act that creates an apprehension in another of an imminent, harmful, or offensive contact). I contend every minute because international airports that have flights to the US have also been forced to implement TSA procedures. For me, an expat living in France, the formerly cheerful anticipation flying back home is now perceived with dread. My recent trip through the Dallas, Denver and Orlando airports was typically awful, but with what I found to be another crime. In the spirit of Betty Akers I will describe what transpired below.

I travelled to Denver for a conference where I had purchased a small (perhaps less than 100 ml) snow globe with a buffalo in it as a gift for my three-year-old daughter. It was in my luggage when I passed through security in Denver for a flight to Orlando. Leaving Orlando for New York for a connection to Paris the globe was identified on the scanner and confiscated. I was politely offered to check my bag, but waiting another 30 minutes to go through security again is not a real option. So the little snow globe souvenir was gone. Luckily I had also bought a book for my little one.

This admittedly small incident I believe accurately reflects the stupidity and inconsistency of the TSA. Traveling is inconvenienced, often to a great extent because Blair's government ginned up a case against a supposed cell planning to use liquids to make a bomb. We must take off our shoes because of a single attempted shoe bomb that failed. We must go through porno scanners and be groped because of a single attempted underwear bomb that failed. These were the thoughts passing through my mind as I gathered up my belongings in Orlando, sans my daughter's buffalo, when I spotted a stand with a stack of TSA Customer Comment Cards that cheerfully stated that the agency wants you to "Help us improve our customer service by completing and returning this card to a TSA drop box, to a TSA supervisor or by mail."

CUSTOMER! This is a complete disfiguration of the word customer, which, as Orwell taught, is a grave crime when put to the service of state power. This use is akin to a slave owner calling his chattel employees. A customer is a person who purchases goods or services from another. The appropriate word is victim, a person who suffers from a destructive or injurious action or agency. Now I am sure travelers could complete reams of victim comment cards. The cards ask the victim to provide their name and contact information. It is likely that the comment card is simply a ploy to have on file the names of trouble makers.

My trip back to France was without further incident. But I can tell you, traveling by train is much more enjoyable.

http://lewrockwell.com/katz/katz31.1.html

Would somebody please explain why so many black people in America convert to Islam?

barenakedislam | June 4, 2011 at 2:31 AM | Categories: Religion of Hate | URL: http://wp.me/peHnV-uRD

There but for the grace of God, TODAY, you too, would be the slave of an Arab Muslim if you lived in Sudan or many other African and Middle Eastern countries. Consider this: Each year, between 600,000 and 800,000 human beings are captured and transported across international borders. There are at least 10 million slaves in the world today. There are [...]