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Written by Jack Kelly   
Tuesday, 25 March 2014

"The biggest lease holder in the northern Alberta oil sands is a subsidiary of Koch Industries, the privately-owned cornerstone of the fortune of conservative Koch brothers Charles and David," began a lengthy story in the Washington Post March 20.

"The finding about the Koch acreage is likely to inflame the already contentious debate about the Keystone XL Pipeline," said reporters Steven Mufson and Juliet Eilperin.

Which was the purpose of a two page "report" issued by the International Forum on Globalization, on which the Post story is based.

"IFG's intention is to demonstrate the Koch-Keystone connection," Executive Director Victor Menotti  told the Post reporters. 

Which exists only in the feverish imagination of the far left group.   Here's the story of how the crooked left-wing shyster jouranlism of the Washington Post was exposed.
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Written by Richard Rahn   
Tuesday, 25 March 2014

To whom would you be willing to trust with all of your financial and tax information: 1) close family members; or 2) the U.S. government and foreign governments, including Russia?

For the last several decades, global liberty-haters have dreamt that all financial privacy would be eliminated. They have sought out a variety of excuses to act as Peeping Toms peering into your bank accounts.

In the 1980s, their big push was to enact "anti-money laundering" legislation, with the claim that it would make catching drug dealers and other assorted criminals easier. The United States passed its first anti-money laundering law in 1986 -- despite the fact that no one could objectively define "money laundering", because it is not an action but an "intent" to act unlawfully.

As a result of all the global anti-money laundering regulations, total compliance costs for financial institutions are now in the hundreds of billions of dollars. Basic banking and other financial services have been reduced and even eliminated for tens of millions of people around the world. Have all of these regulatory costs done any good?
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Written by Dr. Joel Wade   
Thursday, 27 March 2014

I've written often about Thomas Paine (1736-1809), one of my favorite historical figures. I thought this week as a counterpoint I'd write about one of my least favorite figures... his 18th century contemporary, Jean Jacques Rousseau (1712-1778).  

Being against reason, science, civilization, individual liberty, and self-discipline, Rousseau's thinking has been at the root of much of the psychological, political, and cultural trouble of our time.  It has specifically popularized a philosophy of emotions that has done and continues to do great harm.

While ideals of individual liberty, natural rights, representative democracy, and private property were growing in influence throughout the west, Rousseau argued against them.

When Rousseau sent his friend Voltaire a copy of his second Discourse, Voltaire began his brilliant reply, "I have received, Monsieur, your new book against the human race."   Which is why one clear path to wisdom is to ignore his baneful influence completely.
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Written by To The Point News   
Friday, 28 March 2014

First Lady Michelle Obama, accompanied by her mother, Marian Robinson - known to the hotel staff at their $8,350 a night suite as "The Barker" - her daughters Malia and Sasha, plus 5,000 attendants, servants, aides, and Secret Service agents, has just completed her vacation in China, which cost US taxpayers approximately 15 billion dollars.

The highlight of her trip, she said, was speaking to a group of awestruck Chinese citizens, during which she recounted her years of oppression as a victim of racism and how she survived the American extermination camps.

"There were laws in America that discriminated against people like me because of the color of our skin," said Michelle. A sharp inward gasp was heard as the interpreter finished her comment in Mandarin.

Still haunted by laws that were no longer in effect when she was born, Michelle outlined her plight as she endured racism in Princeton University, and narrowly escaped death at Harvard Law School. Tears were seen streaming down the cheeks of some of the visibly moved Chinese citizens.
HALF-FULL REPORT 03/21/14 Print E-mail
Written by Dr. Jack Wheeler   
Friday, 21 March 2014


Who's the Prankster now?

Zero issued his first set of "punitive sanctions" against the Kremlin on Monday (3/17).  They were so wimpy the liberal New York Daily News called him "Putin's Patsy" - denouncing him as "hapless, helpless and hopeless in facing down Russian strongman Vladimir Putin's annexation of Crimea."

The banner headline on Drudge was Russia Laughs at Obama ‘Sanctions' - Calls Him ‘Prankster'. 

Yesterday (3/20), Zero issued his second set of sanctions.  Nobody is laughing in the Kremlin today.  That's because they are for real, targeting Putin's Inner Circle - the guys who hold Putin's "personal purse strings."  Right in tandem yesterday, Merkel and the EU announced they were placing asset freezes on these same guys. 

As the HFR has been predicting for the last two weeks, the strategy is to bankrupt Putin personally, seize his stash of billions.  That is now underway.

And the Russkie response?  I can't resist adjusting Fox's headline:
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THE 1974 OBVERSE Print E-mail
Written by Dr. Jack Wheeler   
Thursday, 20 March 2014


Are you ready?  Are you ready?  History is about to change direction.  That a self-declared "rebel on the right" street artist named Sabo created this poster, then plastered it on streets in Beverly Hills over last weekend, is one indication.  Pictures of it went instantly viral on the Web, then went viral on stilts when Cruz tweeted his response:


Even the HuffPo was in awe of Cruz's perfect sense of humor, calling it "incredible."  Cruz then sent a signed poster back to Sabo, inscribing, "The fight for liberty never ends."  Say goodbye to a Republican Party being run by Rino squishes.  Here's the Pub Party of the future.  Cruz is cool.
Welcome to 1974 in obverse.
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Written by Jack Kelly   
Friday, 21 March 2014

Investment banker Kenneth Bellando, 28, was found dead March 12 on the sidewalk in front of the apartment building on Manhattan's East side where he lived. Police think he jumped from the roof of the six story building.

A former investment bank analyst at JP Morgan, Mr. Bellando had been working at Levy Capital since January. His brother, John, is a chief investment officer at JP Morgan.

Mr. Bellando is the 11th financial professional -- the 4th with ties to JP Morgan -- to die mysteriously in the last two months.

One of them, American Title Services president Richard Talley, 57, was found dead in the garage of his home in suburban Denver Feb. 7. Police have ruled his death a suicide.  Mr. Talley shot himself in the head and torso eight times with a nail gun, police said. That's tough to do  Suicide or suicided?
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Written by Richard Rahn   
Tuesday, 18 March 2014

The Russian economy is highly dependent on oil and gas exports, and reducing Russian oil and gas exports would be the most direct way to cause pain to the Russian leadership. However, Europe is heavily dependent on Russian gas and oil, particularly gas.

The countries in the EU did not need to be in this position, because the EU has plenty of gas reserves that could be economically tapped using hydraulic fracturing, or fracking. Because of the environmental lobby, though, the EU has allowed itself to become dependent on foreign energy sources -- particularly Russian.

Perhaps Peter Foster said it best in Canada's Financial Post on March 8:

"Europe's alternative-energy policy is in a shambles. The EU would be even more vulnerable but for a typically unanticipated example of free-market ingenuity: hydraulic fracturing and the boom in oil shale gas. But guess what: Greens are everywhere resolutely opposed to fracking, and nowhere more than in Europe. [L]ike their peace march colleagues half a century ago, they are ultimately dupes for an authoritarian agenda."
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Written by Michael Ledeen   
Wednesday, 19 March 2014

The "news" is resolutely out of context.  A subject about which virtually nothing is known - the mystery of the missing airplane - gets saturation "coverage," while events of potentially earth-shaking importance are largely unreported.

Any self-respecting "news network" would relentlessly run stories about the ongoing demonstrations from Caracas to Maracaibo - demonstrations surely the equal of those from Maidan Square in Kiev - but no.

The Venezuelan uprising may turn out to be the biggest story of all, because it is part of a world-wide battle that pits anti-Western tyrannies against their own people, and against their neighbors.  It is of a piece with Ukraine, Syria, Iraq, Egypt, Lebanon, Iran and Russia itself, where, just a few days ago, fifty thousand Muscovites demonstrated against Putin's imperialist moves in Ukraine.

I've been saying for years that we're the target of a global war, that the Pyongyang-Beijing-Moscow-Tehran-Damascus-Havana-Caracas  Axis of Evil is hell-bent to dominate and destroy us.  Now the evidence is so clear that only a willfully blind man could fail to see it. 
Written by Ambrose Evans-Pritchard   
Wednesday, 19 March 2014

China faces the biggest property default on record as credit curbs threaten to break the housing boom, leaving a string of "ghost towns" across the country.

The Chinese newspaper Economic Daily News said Xingrun Properties, in the coastal city of Ningbo, is on the brink of collapse with debts of $570m, mostly owed to banks. The local government has set up a working group to contain the crisis.

"As far as we know, this is the largest property developer in recent years at risk of bankruptcy," says Zhiwei Zhang, from Nomura Securities.  "We believe that a sharp property market correction could lead to a systemic crisis in China, and is the biggest risk China faces in 2014. The risk is particularly high in third and fourth-tier cities, which accounted for 67% of housing under construction in 2013."

Yu Xuejun, the banking regulator for Jiangsu province, says developers are running out of cash. This risks undermining land sales needed to fund local government entities. "Credit defaults will definitely happen. It's just a matter of timing, scale and how big the impact is," he said.  The charts below tell the story.
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Written by Jack Kelly   
Tuesday, 18 March 2014

Aging industrialists Charles and David Koch are "un-American," Senate Majority Leader Harry Reid said in a speech on the Senate floor Feb. 26.

That's an expression we haven't heard much since the early 1950s, when Joe McCarthy was accusing Army dentists, State Department clerks and various and sundry others of being secret Communists.

Back then, liberals thought it was vile to call someone "un-American."

Some still do.  Sen. Reid's screed was "the definition of McCarthyism," said Joe Scarborough, host of the "Morning Joe" program on MSNBC. His guests March 6th agreed.  So just who is Un-American here?
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Written by To The Point News   
Friday, 21 March 2014


HALF-FULL REPORT 03/14/14 Print E-mail
Written by Dr. Jack Wheeler   
Friday, 14 March 2014

Important Announcement:  the last section of this HFR is devoted to addressing concerns regarding the New TTP Forum.

The theme for the week is Birds of a Hubristic Feather.  The shades of Sophocles and Aeschylus are looking up at us from the depths of Hades in sad wonder that humans in power never learn the lesson the Greeks knew so well two and a half millennia ago.

Thus we get such marvelously good news this week as Pelosi Galore announcing that Dems Won't Run from Obamacare in Midterms. You're just not going to get a better example of masochistic hubris than that. 

It's of course the path to electoral disaster in November.  Zero could take a different path, but can be supremely confident this will never happen - because Zero is a solipsistic narcissist who lives in Hubris City.  In addition, he's ignorant, uneducated, and actually pretty stupid - all his affirmative action Ivy League degrees notwithstanding.  He's glib and shrewd and smooth - but not smart. 

Now,is there anyone on the planet more hubristic than Zero?  Why, yes - that would be Vladimir Vladimirovich Pooty-Poot Putin.  Oh, look!  He's riding a horse without a shirt! Oh! He's so big and tough and strong!  Oh, what a pile of horse manure. 
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Written by Dr. Jack Wheeler   
Thursday, 13 March 2014

Ever hear of a guy named Walt Kelly?  He was born in Philly in 1913, moved to California in the 30s to draw Donald Duck cartoons for Walt Disney, and started his own newspaper comic strip in 1949.  It featured anthropomorphic animals in Georgia's Okefenokee Swamp, with the main character named Ponce de Leon Montgomery County Alabama Georgia Beauregard Possum - a dig at the South's pretentious aristocracy.

Kelly titled his comic strip after Ponce's nickname - Pogo.  If you grew up in the 50s or 60s, you grew up with Pogo, along with an innumerable cast of lovable animal characters (there were almost 1,000 over the years), all poking gentle fun at the human condition.  In 1971, two years before his death from diabetes, he published the cartoon for which he is best known.

This is more frighteningly relevant today than 42 years ago - and the "us" is all of us.  There are varying degrees of complicity.  At the top, of course, is an Anti-American President who hates his own country. 

Zero is an affirmative action baby, handed everything on a platter without earning it because of his race and made-up bio.  He's our #1 security threat because he doesn't want to defend us, and worse, doesn't know how if he did want to.  Bad combo.

Which bring us to the real security threat beyond our shores.  It isn't Russia, with its one-trick pony economy that can't even get itself above water with oil at $100 a barrel.  Putin is all bare-chested bluster, all hat and no cattle.  No, the real foreign threat we face is China.

I've been going to China since 1979, and as you know, just got back from there again last week.  Here are three pictures of the spectacular places we visited that I took with my Panasonic DMC-TZ5 compact camera.  There is a particular reason for me to show them to you.
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Written by Ambrose Evans-Pritchard   
Friday, 14 March 2014

Russia risks a wave of capital flight and a shattering economic crisis as the West prepares a package of sanctions over the seizure of Crimea.

Chancellor Angela Merkel spelled out the danger for Russia in a speech to the German Parliament yesterday (3/13) that silenced pro-Kremlin voices in her own coalition and left no doubt that Europe is now fully behind the US on punitive measures.

"If Russia continues on its course of the past weeks, that will not only be a great catastrophe for Ukraine. It will cause massive damage to Russia, both economically and politically," she said. "None of us wants it to come to this, but we are determined to act. Let me be absolutely clear; the territorial integrity of Ukraine is not up for discussion."

The West has threatened visa bans and an asset freeze on individuals as early as next Monday (3/17) unless Russia steps back from the brink on the annexation of Crimea. And that is only the begining.

Russia has threatened to retaliate with "symmetrical sanctions" but Tim Ash, from Standard Bank, said it is a one-sided contest that Moscow cannot win.  Here's why.
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