Monday, December 22nd 2014
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IT'S GAME OVER FOR THE SAUDIS VS AMERICA ON OIL Print E-mail
Written by Ambrose Evans-Pritchard   
Wednesday, 03 December 2014

Saudi Arabia and the core OPEC states are taking an immense political gamble by letting crude oil prices crash to $66 a barrel, if their aim is to shake out the weakest shale producers in the US.

"The resilience of US shale may prove greater than the resilience of OPEC," said Alistair Newton, head of political risk at Nomura.

There is no question that the US has entirely changed the global energy landscape and poses an existential threat to OPEC. America has cut its net oil imports by 8.7m bpd since 2006, equal to the combined oil exports of Saudi Arabia and Nigeria.

OPEC has misjudged the threat. As late as last year, it was dismissing US shale as a flash in the pan. Abdalla El-Badri, the group's secretary-general, still insists that half of all US shale output is vulnerable below $85.

This is bravado. US producers have locked in higher prices through derivatives contracts. Noble Energy and Devon Energy have both hedged over three-quarters of their output for 2015.

Further, efficiency is improving and drillers are switching to lower-cost spots, confronting OPEC with a moving target. "The (price) floor is falling and is not nearly as firm as the Saudi view assumes," says Citigroup.
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"J'ACCUSE!" TO THE UNITED NATIONS Print E-mail
Written by Ambassador Ron Prosor   
Thursday, 04 December 2014

[On November 24, Israeli Ambassador to the UN Ron Prosor gave this extraordinary heroic speech to the UN General Assembly. It was given in response to the UN International Day of Solidarity with the Palestinian People. Protocol calls for such speeches be addressed to the President of the General Assembly, a ceremonial position currently held by Uganda Foreign Minister Sam Kutesa.]

Mr. President,

I stand before the world as a proud representative of the State of Israel and the Jewish people. I stand tall before you knowing that truth and morality are on my side. And yet, I stand here knowing that today in this Assembly, truth will be turned on its head and morality cast aside.

The fact of the matter is that when members of the international community speak about the Israeli-Palestinian conflict, a fog descends to cloud all logic and moral clarity. The result isn't realpolitik, it's surrealpolitik.

The world's unrelenting focus on the Israeli-Palestinian conflict is an injustice to tens of millions of victims of tyranny and terrorism in the Middle East. As we speak, Yazidis, Bahai, Kurds, Christians and Muslims are being executed and expelled by radical extremists at a rate of 1,000 people per month.

How many resolutions did you pass last week to address this crisis? And how many special sessions did you call for? The answer is zero. What does this say about international concern for human life? Not much, but it speaks volumes about the hypocrisy of the international community.
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ISIS WANTS ARMAGEDDON - LET'S GIVE IT TO THEM Print E-mail
Written by Michael Ledeen   
Tuesday, 02 December 2014

It's a tyrannical theocracy, crucifixions and decapitations are routine, women are shrouded and intimidated, the grim religious police are all over the place.  It's your Islamic State, aka ISIS.

How do we know?  Basically from defectors, now as during the Cold War the most valuable sources for Western intelligence services. 

Some of these ex-ISIS followers are free in the West, others are standing trial, as in the case of the 46 Belgians who returned from the IS and are accused of crimes ranging from torture and murder to extortion and terrorism. 

One of these confessed upon discovering that Belgian authorities had some incriminating telephone intercepts, as when he told his girlfriend:

"Today I killed a man.  An infidel...his family had collected only thirty thousand euros for him, but the price was seventy thousand.  I killed him with a shot in the head.  Bang!  I wanted to make a video but my camera didn't work right..."

Young men are excited by the chance to murder, but when you sign up with ISIS, you have an excellent chance to lose your own life, and this is often an eye-opener for some of the bourgeois European believers.  After seeing their comrades drive off in suicide vehicles, they sagely reconsider.
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THE GOP CONGRESS BETTER BE DYNAMIC NOT STATIC ON TAXING AND SPENDING Print E-mail
Written by Richard Rahn   
Tuesday, 02 December 2014

Would you make an effort to find additional ways to reduce your tax burden if your tax rate was suddenly raised 50 percent?

The higher one's income, the more incentive a person has to find ways to minimize his tax burden -- which is why very high tax rates on the rich always fail to produce the projected revenue.

Republican congressional leaders have pledged to undertake tax and spending reform. To do so, they need accurate projections of the impact on tax revenues, job creation and economic growth resulting from their possible alternative reforms.

This requires realistic models of what is likely to happen, so they need to find the best possible experts to manage the Joint Committee on Taxation and the Congressional Budget Office.

These are two key questions I would pose to the candidates for these positions:
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AN EARNED LIFE: NATHANIEL BRANDEN 1930-2014 Print E-mail
Written by Dr. Joel Wade   
Friday, 05 December 2014

I've lost a mentor and a dear friend; Nathaniel Branden passed away on Wednesday, Dec. 3rd. Playful, brilliant, mischievous, incisive, inspiring... He was the best ally a young soul striving for strength and self-possession could have.

When someone we care about passes, we long for stories that remind us of them; stories that help us feel like we can still know them better, as though they're somehow still here, and we can continue to feel closer to them, if only for a little while longer; while we get used to the jarring truth that they're gone.

There are stories that are public knowledge - and they are big stories. Nathaniel was instrumental in creating a systematic philosophy and organized school of thought from the novels and thought of Ayn Rand.

I'd like to give a brief introduction to the man for those who may not know him or his work. Then what I have to say is more personal.
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A FRONT PAGE FANTASY Print E-mail
Written by To The Point News   
Friday, 05 December 2014


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HALF-FULL REPORT 11/28/14 Print E-mail
Written by Dr. Jack Wheeler   
Friday, 28 November 2014

It's so obvious who the HFR Heroes of the Week are that we need to dispense the suspense and laud them right out front. 

They are the six white men, three white women, two black women, and one black man who comprised the Saint Louis County Grand Jury that refused to indict Police Officer Darren Wilson.  We must add to them the St. Louis County prosecutor Bob McCulloch, whose statement announcing the grand jury decision on Monday (11/24) is here.

They all knew their lives could be at stake with the murderous anger and multitude of death threats against them, yet they opted for the truth straight in the face of it.  That's flat out American heroism.  We owe them a grave debt of gratitude...

There are good lessons to be learned from this Ferguson Lunacy, and benefits to be gained.  Here's the most important...

There was another major event that rivaled the Ferguson grand jury decision in importance this week.  For background, who is the GOP Congressional Establishment leader you most love to hate?
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THE FIRST THANKSGIVING CELEBRATED THE BOUNTY OF CAPITALISM Print E-mail
Written by Dr. Jack Wheeler   
Thursday, 27 November 2014

On Thanksgiving Day, Americans gather with their family and friends to celebrate the blessings that Providence has bestowed on their beloved country.

A deep appreciation of these blessings involves understanding that they were earned.  It is to understand the awesome truth of how "God helps those who help themselves" applies to the Mayflower Pilgrims and their First Thanksgiving at America's birth.

This is an appreciation and understanding of which those on the Left are incapable - for it would mean celebrating the capitalist freedom that made that original Thanksgiving possible.  This no liberal, no Democrat, no leftie can do.  Thus they must distort history instead.

The distortion starts in Kindergarten, with the childish make-believe of your kid's school play portraying the noble Squanto teaching the helpless Pilgrims how to feed themselves. So let's drop the curtain on the distortion and watch the real thing. Here it is.  This is what needs to be taught to every schoolchild in America, instead of the garbage they learn now.
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SWITZERLAND AND THE 6,000 YEAR-OLD GOLD BUBBLE Print E-mail
Written by Ambrose Evans-Pritchard   
Friday, 28 November 2014

Five million Swiss voters will decide on Sunday (11/30) whether to force the Swiss National Bank to repatriate all its gold from vaults in Britain and Canada, boost its holdings of bullion to 20% of foreign reserves and then keep the metal forever.

The "Save Our Swiss Gold" referendum is a valiant attempt by Switzerland's army of gold bugs -- and the populist Swiss People's party (SVP) - to lead the world back to the halcyon days of the international Gold Standard. It is a primordial scream against a quantitative easing and money creation a l'outrance (at all costs) by the leading central banks.

Yet there is a snag. The Swiss National Bank (SNB) is the biggest printer of them all in relative terms, far outstripping the Bank of Japan, let alone the US Federal Reserve or the Bank of England - mere amateurs at this game.  

At one stage it was mopping up half of the entire sovereign bond issuance of the eurozone each month, a scale of action that the European Central Bank's Mario Draghi can only dream of.

You have to smile when you hear Swiss gold enthusiasts complaining that these foreign bonds - bought with electronic fiat francs created out of thin air - are now losing value as the euro slides against the dollar. But then we all suffer from cognitive dissonance.
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LET'S ABOLISH WORKPLACE VIOLENCE AS PC EUPHEMISM FOR MOSLEM TERRORISM Print E-mail
Written by Jack Kelly   
Tuesday, 25 November 2014

In Moore, Oklahoma Sept. 26, Alten Nolen, 30, beheaded Colleen Hufford, 54. He was trying to behead a second woman when he was shot. A convert to Islam, Mr. Nolen had posted a grisly photo of a beheading on his Facebook page.

"Kill the disbeliever, whether he is civilian or military," an Islamic State leader urged supporters in the West five days before Mr. Nolen cut off Ms. Hufford's head.

Her murder was "workplace violence," said the FBI. Which is how the Obama administration characterized the 2009 murders of 13 soldiers at Fort Hood by Nidal Malik Hasan, who was shouting "Allahu Akbar" as he gunned them down.

In the report of the 911 Commission, the word "Islam" appears 322 times, "Muslim" 145 times, "jihad" 126 times. But in the national intelligence strategy the Obama administration issued in 2009, those words don't appear at all, noted Katherine Gorka of the Council on Global Security.

To know your enemy is the key to victory, said Sun Tzu (544-496 BC). We're losing a war all but won when President Obama took the oath of office because of his bizarre refusal to recognize our enemy.
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THE AYATOLLAH SPITS ON OBAMA Print E-mail
Written by Michael Ledeen   
Tuesday, 25 November 2014

The New York Times headline yesterday (11/24):  A Nuclear Deal for US and Iran Slips Away Again.

He did it again, as we should have expected.  Iranian supreme leader Ayatollah Ali Khamenei walked us right up to the finish line, spat on Obama, and walked away. Months and months of secret and public talks, letters, back channels, and gestures produced nothing of the sort the president, assorted foreign ministers, pundits, and politicians had been predicting.

Instead we are to keep talking, and keep paying the Islamic Republic for the pleasure and privilege.

It's not Barack Obama's unique failure; the same thing happened to Bill Clinton and George W. Bush. Both of them came to believe they had a deal with Khamenei, and both of them were rudely disabused of their error when the Iranians walked away.

No sensible person doubts Obama's willingness to be generous to the Iranians.  Any lingering skepticism should be definitively eliminated by the latest "extension," which reportedly bestows $700 million on Khamenei every month for continuing to talk.

You read that right:  British Foreign Secretary Phillip Hammond announced that "Iran will receive about $700 million per month in frozen assets."  Iranian Assets Unfrozen ran the headline.

Khamenei could certainly have had a very good deal if he wanted it. If he didn't take one, it's because he doesn't want it. Why?
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YET ANOTHER OBAMA GRASP FOR MORE GOVERNMENT POWER Print E-mail
Written by Richard Rahn   
Wednesday, 26 November 2014

Whom do you work for? Such a simple question should not require a government agency to give an answer.

However, the Obama administration, in its never-ending quest for power over individuals and businesses, has decided that it -- rather than you or your employer -- should determine whom you work for.

Last Thursday (11/20), the Senate held a hearing for President Obama's nominee for the National Labor Relations Board, Lauren McFerran, after the administration abruptly withdrew the nomination of the tainted Sharon Block for the same post.

The National Labor Relations Board has the responsibility to be an unbiased referee in disputes between labor unions and management and to make sure that U.S. labor regulations are followed. As union membership has fallen from more than a third of the labor force in the 1950s to a 97-year low of 6.7 percent of the private labor force this year, the NLRB is not as relevant as it was in decades past.

However, like most government bureaucracies, the people at the board are looking for ways to expand their mission -- and their budget and power. The Obama administration, rather than seeking out people who would be impartial to serve on the board, has selected people with strong ties to unions.  There is no doubt whatever that Lauren McFerran is one of them.
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THE ILLUSION OF PERFECT HAPPINESS Print E-mail
Written by Dr. Joel Wade   
Wednesday, 26 November 2014

There is a great misunderstanding about what it means to live a happy life, and it can be summed up in the popular symbol of the smiley face.

Now, I like to smile. I love feeling that kind of glowing, delighted state of emotional bliss. It's wonderful to be full of joy and love and laughter. But feeling those things doesn't in and of itself make for a happy life; and just because we don't happen to feel them in the moment doesn't mean we are unhappy.

In fact, if simply feeling those emotions all the time was what constituted happiness, and if Aristotle was correct in saying that, "Happiness is the meaning and the purpose of life, the whole aim and end of human existence," then it would be a simple matter to find the right combination of drugs that would perpetually bathe our neurons with joyful chemicals, and we could all be perpetually happy and fulfill the aim and end of our existence.

But this smiley face view of happiness is a mistake. Here's why.
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THE BEACH BOYS SING SNEAKIN' IN TO THE USA Print E-mail
Written by To The Point News   
Friday, 28 November 2014

Those of us of a certain age remember dancing to the Beach Boys' Surfin' USA in 1964. Now everyone can enjoy its revised cover.

As we all know, President Zero has a new border policy:

  o_border_policy.png

So the Beach Boys, led by Rusty Humphries, decided to get in on the fun.  TTP is sure the Beach Boys never expected America to look like this fifty years later.  Put on the headphones and crank up the volume!  (Click Read More for the video)
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HALF-FULL REPORT 11/21/14 Print E-mail
Written by Dr. Jack Wheeler   
Friday, 21 November 2014

I just got back from what you know by now was The Mystery Adventure I couldn't name last September - for I am on the Mullah Regime's blacklist. 

I was able to secretly scribe Hope for Iran then post it in Istanbul yesterday, and now have to play catch up with what's been going on in the world.  Yet again, I can't thank Jack Kelly enough for penning two marvelous HFRs in my absence.

Let's start by taking a break to read the best description I've seen of Zero's almost impossibly mendacious demagoguery last night (11/20):  Ben Shapiro's Kneel Before Zod.  His opening line:

"It was historic, both in its scope and its dishonesty: the speech represented a closely-woven and incredible tapestry of falsehood, exposited with a straight face by the greatest liar in modern American history... (It was) like watching a madman describe, with preternaturally perfect sincerity, how the moon was constructed of cheese."

The bottom line for me was how much this drama is a truly Reaganesque moment.  It's a lesson of history for the GOP -- and wait 'till you see the pictures of how it might happen.
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