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HALF-FULL REPORT 02/05/10

While Remember The Alamo tried to be a good synopsis of our memorable Rendezvous in San Antone, I saved the best line of the event for the HFR.

After all the dystopian discussion of how the Dems are driving us into financial ruin, Jack Kelly announced in his presentation:  "There's a lot of talk nowadays about America becoming a banana republic.  Here's the reality, folks - the whole world is becoming a banana republic."

Kelly's prophecy came quickly into sharper focus this week.  Big time.

After a 853-point drop since Jan. 19, the Dow is plunging over the 10,000-point precipice.  Greece, as the HFR has been predicting, is dragging the Euro into a deep hole.  Next to fall in are Spain and Portugal.

And now comes China.

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THE FED’S FISCAL ARSONISTS


The Fed is supposed to provide the United States with stable currency yet it now takes $21.60 to equal the purchasing power of $1 in 1913, the year the Fed was established.

(In the 124 years prior to the founding of the Fed, there was almost no permanent change in the purchasing power of the dollar. There was some inflation during the Civil War, which was offset by a slow deflation in the 40 years after the war.)

The Fed is supposed to regulate the banking system to provide financial stability, yet far more banks have failed since the Fed was created, and events of the past year illustrate how the Fed has failed at providing financial stability.

The Fed has become like a large fire department that has a fixed percentage of its employees who are arsonists, so as it gets bigger, there are always more fires. Yet the politicians call for an even bigger fire department (or Fed) rather than a smaller one that has rid itself of the arsonists. (The same can be said of most of government.)

If we can't get rid of the Fed entirely, can we at least get rid of its arsonists?

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THE THREE WORD SOLUTION


Solution to what?  Defeating Russian imperialism, defeating Saudi Wahhabism and Moslem terrorism, defeating Moslem crazies in Iran making nukes, defeating Luddite environmentalists, defeating Democrats determined to hamstring our economy and national security.

How's that for starters?  What would do all of this?  Three words:  crash oil prices.

Crashing oil prices to, say, below $40 a barrel, should therefore be the number one priority of American national security. 

Yet any attempt to lower oil prices is blocked by Democrats in Congress and lawsuits by their environmentalist allies.  Exhibit A as evidence is their hysterical refusal to allow oil and gas drilling in Alaska and offshore.  Exhibit B is their hysterical refusal to allow the construction of new oil refineries - there hasn't been a new one built since 1976.

So - is there something the President could do, is there an Executive Order he could issue, that could circumvent Congress and the enviro-lawyers to crash oil prices? 

Let's start answering with another question:  Who is the single biggest purchaser of oil in the world?

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THE INCREASING IRRELEVANCE OF ISRAEL’S OPPOSITION

Olmert's and Livni's assaults on Netanyahu made clear that like most of their colleagues on the Left, they believe that relations between countries and relations between governments are the same thing.  Leaders of the Israeli left believe the major determinant in the quality of the U.S.-Israeli relationship is the view of the U.S. president.

Luckily for Israel, Livni, Olmert and the Left they represent have no idea what they are talking about.
As a poll released last week makes clear, Americans are far more likely to ditch leaders they believe are harming the US-Israel alliance than they are to ditch the alliance.

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HALF-FULL REPORT 01/29/10


Amidst all the catcalls and raspberries directed at Zero's SOTU speech this week - Fred Barnes called it the "least fresh" and most cliché-ridden such speech in over 30 years - I must admit I thought it was great.  Perfect, in fact.  We couldn't have asked for anything better.

As Forrest Gump observed, "Stupid is as stupid does."  It doesn't get much stupider than to ignore the First Rule of Holes - when you're in a hole, stop digging - except to insist that the way to get out of the hole is to keep digging ever more feverishly, and to blame everyone but yourself for the hole you're in.

The SOTU speech confirmed that we have a narcissistic fool for a president - all ego and no brains.   He is, with stupidly obdurate stubbornness, going to keep doing exactly what has caused his agenda to fail and his approval ratings to sink ever lower.

This almost guarantees that he will keep his party on the path to electoral disaster in November.  How could we ask for more?  Well, here's how.

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ARE THEY IDIOTS, OR DO THEY HAVE ANOTHER AGENDA?


Why did a bare majority (219-212) of the members of the U.S. Congress vote for the largest tax increase in American history this past Friday, under the claim it was a vote to save the climate?

There is no consensus in the scientific community about how much climate change, other than the normal cycles, is taking place, nor how severe it will be, and how much man-made CO2 is responsible.

It is known that the legislation will have a negligible effect on global CO2 emissions, particularly since the big polluters, such as China and India, are not playing ball. It is also known that the "cap and trade" system that the legislation calls for has been a failure in Europe.

In sum, serious people understand the legislation will hurt the U.S. economy, reduce the standard of living and yet not accomplish its claimed intent; therefore, why were so many members of Congress willing to vote for it?

Are they idiots, or do they have another agenda?

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THE EVIL EMPIRE OF THE 21ST CENTURY

Ronald Reagan first condemned the Soviet Union as an "evil empire" in a speech to the National Association of Evangelicals in Orlando Florida on March 8, 1983.

Publicly naming the explicit nature of Soviet imperialism provided the necessary focus for those of us working on a strategy to rid the world of it - a strategy the press called the Reagan Doctrine.  Less than eight years after President Reagan spoke those immortal words, the Soviet Union was no more.

Ex-KGB agent Vladimir Putin is determined to resurrect this evil empire with oil billions, gangster capitalism, and Russian thuggery.  But Russia is dying demographically and by 2015 half the Russian Army will be Moslem.  By 2020 or maybe before, the eastern half of Russian Siberia will be Chinese Siberia (TTP, November 2006).

Russia has no future beyond ephemerally high oil prices.  Once they crash, so does Russia.

So is there an heir to the title of Evil Empire in this new century?  Yes.  It is China.

One principal reason is that the internal structure of the former Soviet Union and China are the same.  One benefit of the Beijing Olympics is to make that blindingly clear.

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CAN YOU SUPPORT OUR VETERANS AND OUR ENEMIES AT THE SAME TIME?

The Veterans of Foreign Wars Political Action Committee has endorsed "Senator Ma'am for re-election.  Scott Swett finds this odd.  So do the leaders of the VFW, who have asked the VFW PAC to rescind that and other endorsements of anti-military Democrats, and who are contemplating abolition of the PAC, which is run separately from the VFW.

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HALF-FULL REPORT 01/22/10


The obvious news headline for the week is:

DEMOCRATS GET TEABAGGED

Yes, I know just what this means and how vulgar it is.  Nevertheless, it is the irresistibly appropriate response to the deluge of disgusting vileness we have been subjected to by the Democrat Party, the OPM Obama Propaganda Media, and the Moonbat Hate America Left.

Democrat Chuck Schumer - a United States Senator - publicly calls Scott Brown a "far-right teabagger."  MSNBC loudmouth Ed Schultz announces on his national radio show (1/16) that "I'd cheat to keep these bastards (Scott Brown and other conservatives) out" of power.  Radical lunatic talk show host Mike Malloy denounces the voters of Massachusetts for electing "a theocratic madman as senator," and tells his audience that Hannity, Limbaugh & O'Reilly were the ones who really "bombed your goddamn country" on 9/11.

Ultimate moonbat Keith Olbermann proclaims on MSNBC national television that Scott Brown is an "irresponsible, homophobic, racist, reactionary, ex-nude model, teabagging supporter of violence against women and against politicians with whom he disagrees."  

Well, sorry, schmucks.  You all just got teabagged by America.

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BRITAIN AND AMERICA COMPETE IN ECONOMIC SUICIDE


Professor David Smith, a former Bank of England economist and well-known commentator on the British economy, has forecast a rise in government spending to more than 53 percent of national income by 2010, financed by deficit spending of 14% of national income.


He argues:  "There must be serious doubt whether deficits on this scale can be financed in a non-inflationary manner without very large capital inflows from abroad. And it is hard to see why such inflows should be forthcoming now that the British economy has become so highly taxed by international standards."

If President Obama carries through on his threats to greatly increase U.S. taxes on carbon, etc.; allows the George W. Bush tax cuts to expire next year; and does not begin seriously to reduce spending, many economists will be able to say the same things about the U.S. economy next year that Mr. Smith says about the United Kingdom's economy today.

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WEST OF THE DEAD SEA


You're lazily swimming in the Mediterranean Sea just off a beautiful beach.  The beach goes on for miles, lined with resort hotels, and it's crowded with people.  Young fit men playing volleyball, beautiful bikini-clad young women sunbathing, families relaxing under umbrellas, children making sand castles, multitudes of folks peacefully enjoying themselves in the sun, the sand, and the gentle sea.

You swear you're at one of Spain's great beaches, like Valencia, Marbella, or Barcelona.  But you've noticed that a small light plane has flown along the shoreline several times.  Your son asks, "Dad, why does that plane keep flying by?"  

"It's an IDF spotter plane," you tell him.  "Watching for a boatload full of Arab terrorists who might land to machine gun to death as many Jews on this beach as they can.  Stuff like that can happen here anyplace, anytime.  That's life in Israel."

Nope, we're not in Valencia.  We're in Tel Aviv.

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AHMADINEJAD’S TARGET AUDIENCE

By Iranian and Hizbullah accounts, Iranian President Mahmoud Ahmadinejad's visit to Lebanon this week will be a splendid affair. The man who stole his office and then killed his countrymen to protect his crime will be greeted as a conquering hero. Billboards bidding him welcome and Iranian flags will line the roads from the Beirut airport down to the border with Israel.

AHMADINEJAD'S VISIT must be seen within the regional context that it is taking place. Specifically, it must be seen against the backdrop of Lebanese politics. It must also be seen in the context of waning US power and influence in the region. Finally it should be evaluated in terms of Iranian domestic affairs and Ahmadinejad's ongoing struggle with his people who reject his leadership. While Iran's ill-intentions towards Israel remain static, all of the other developments in the region are dynamic.

One aspect of Ahmadinejad's visit is abundantly clear. It is the diplomatic equivalent of a victory lap. Iran's ruler is using his trip as an opportunity to flaunt his position as the colonial overlord of Lebanon.

That means that Iran now believes it is in its interest to expose that Lebanon today is nothing more than an Iranian colony.

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HALF-FULL REPORT 01/15/10


Sure enough, it didn't take long for the moonbats to figure out how to blame Bush for the Haiti earthquake.  Note their arguments in the Puffington Host. 

It's all Bush's fault because he supposedly engineered the 2004 rebellion that overthrew Haiti's fantastically corrupt Marxist dictator Jean-Bertrand Aristide, and that Bush had all US aid to Haiti channeled through private aid organizations and not through bottomlessly corrupt government officials.  They actually claim this.

This was quickly followed by media moonbat Keith Olbermann of MSNBC arguing that the disaster in Haiti is why the US needs ObamaCare.  You can trust the Left to never let a crisis go to political waste.

Here's something to focus on during the Haitian horror:  the humanity of Judeo-Christian values.  Look down the full list of countries, companies, and organizations (current as of today 1/15/10) providing aid to Haiti or an abbreviated summary of the list here. 

First, note that with the exception of miniscule aid from Turkey (an emergency management expert and a psychologist), not one single Moslem country is providing a dime.  It is one of Mohammed's five requirements to be a Moslem that you contribute to charity - for other Moslems.  People who aren't Moslem aren't really people at all, they are sub-human infidels, kafrs, not deserving of charity.

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WHAT IF UMPIRES OWNED BASEBALL TEAMS?


If you knew that baseball teams with winning records tended to be more profitable for their owners than those with losing records - and if you learned that the Baltimore Orioles had just been purchased by the World Umpires Association (MLB's umpire's union), would you expect the Orioles to win more or fewer games?

Almost everyone implicitly understands why the umpires should not be allowed to own teams they referee.

In a free-market economic system, the government is supposed to be the umpire and not a player. Its job is to set and enforce the rules, but if it is allowed to also become a player, by owning and managing business enterprises, it is unlikely to treat the competing companies fairly, and there will be little check on its own misbehavior.

The record of government ownership and/or control of companies in the United States and elsewhere has been one long disaster. This promises to continue, and far more disatrously.

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EAST OF THE DEAD SEA


petra1

The 2,000 year-old Rose Red City of Petra was the religious center of an ancient desert people named Nabataeans.  They didn't build huge temples such as this - they carved them out of cliffs of rose-red sandstone in their hidden mountain sanctuary east of the Dead Sea.

Their capital was the ancient city of Ammon, known to the Greeks and Romans as Philadelphia, after the Hellenic ruler of Egypt,  Ptolemy II Philadelphus (309-246 BC).

Nabataea flourished until it was conquered by the Roman Emperor Trajan (53-117 AD).  The Nabataeans converted to Christianity and lived as peaceful farmers until they were overrun by Arab invaders in the 7th century who forced them to submit to Islam.

They vanished, and so did any memory of Petra until it was discovered by a Swiss explorer, Johann Burckhardt, in 1812.  Ammon, pronounced Amman (ah-man vs. ah-mone) by the Arabs, had been reduced to rubble by a series of earthquakes during the Middle Ages, and remained a small village with some Roman ruins for centuries.

The entire area east of the Dead Sea was a forgotten desert wasteland, incorporated into the Ottoman Empire in the early 1500s and ignored by the Sultans in Istanbul.  And then the history that continues to shake our world today began...

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