The wave of Moslem refugee terror began with a bomb targeting a U.S. Marine charity run in New Jersey. By evening a pressure cooker full of shrapnel has exploded outside a Manhattan building for the blind.
An hour later, a rampaging Moslem terrorist began stabbing people inside a Macy’s in Minnesota, asking them if they were Moslem and shouting the name of “Allah,” the genocidal Islamic deity of mass murder.
And that was one Saturday (9/24), two Moslem refugees and a wave of national terror 1,200 miles apart.
What did Elizabeth, New Jersey and St. Cloud, Minnesota have in common?
New Jersey is a map of Moslem terror plots because of its huge Moslem population. Minnesota has suffered from the presence of the largest Somali migrant population in the country. And so a state which used to be known for its Swedish and German immigrants instead became a recruiting ground for ISIS and Al-Shabab.
Saudi Arabia has injected $5.3bn of liquidity into the banking system to stave off a financial crunch as the oil slump drags on and capital continues to leak out the country. This just as the US Congress overrides Obama’s veto allowing 9/11 families to sue the Kingdom.
Three-month interbank offered rates in Riyadh - the stress gauge watched by traders - have reached the highest since the Lehman crisis, ratcheting up 145 basis points over the last year.
The M3 money supply has contracted by 8% in twelve months. The loan-to-deposit ratio has already blown through the government's safety ceiling of 90%, touching an all-time high.
"Deposits are falling and liquidity has been tightening for month after month," says Patrick Dennis from Oxford Economics.
Foreign exchange reserves have slipped to $550bn from a peak of $746bn as the regime sells off the family silver to pay the bills. The International Monetary Fund says the budget deficit reached 15.9% of GDP last year and will be an estimated 13% this year.
The reserve loss automatically tightens monetary policy and can be painful. Fitch Ratings said there may have to be a state bail-out of construction firms sinking into deeper trouble. The Bin Laden Group is laying off 77,000 workers.
Conservative pundit John Podhoretz summed it up: “Trump’s Debate Incompetence a Slap in the Face to His Supporters.”
The best editorial page in the country, that of Investors Business Daily, put it this way, “Trump and Clinton Debated, But It’s the Nation that Lost.”
And what’s with all the whining on the right about Lester Holt being pathologically biased? Of course he was – and the sun rises in the east. Trump was surprised by this? He let some hack Clintonista moderator take charge of the debate and steamroller him?
After the debate, Trump tweeted how it was an outrage that Holt didn’t ask about the Clinton Foundation or Benghazi. Say what?? It’s Politics 101 that if you’re asked a question you don’t want by some schmuck reporter, you give the answer to the question you do want.
It's Trump's fault, not Holt's, that there was no discussion of Benghazi, of Syria, of Obamacare, of the Clinton Foundation, of immigration, of the four recent acts of Moslem terror, of the rioting in Charlotte and Hillary's effective endorsement of the rioters.
His new nickname should be “Holding Back” Trump. Last night (9/27) in Orlando, he claimed he was “holding back” because he didn’t want to “embarrass” Mrs. Clinton. Anyone who believes that should be easy to sell a bridge to. Is there a Trump supporter on earth who wanted to see him “hold back” in the Monday night debate and not embarrass her to the moon?
Trump “dwells in bigotry, bluster and false promises,” said the Times. He’s “amply demonstrated his unworthiness,” said the Post.
Though of course neither the Times nor the Post mentioned it, Hillary Clinton also has amply demonstrated her unfitness to be president – and far more so than Mr. Trump..
In 24 years as a national public figure, Hillary’s most significant accomplishment was to orchestrate smears of women Bill molested. As First Lady, she botched the only big job Bill gave her (a health care “reform” that presaged Obamacare). The only bill she got enacted into law during eight years in the Senate was to rename a courthouse. She was the worst secretary of state ever.
A novice can get better with experience. Incompetence is incurable. So is a complete lack of morality.
The Clinton Foundation and associated email scandals dwarf Watergate – and every other political scandal in American history.
Besides Watergate (1973-74), the other biggies are Iran-Contra (1985-87), Teapot Dome (1921-22), the Whiskey Ring (1875), and Credit Mobilier (1872-73).
These five combined together don’t come remotely close to the massiveness of the Crooked Clinton Foundation. Why then was all we heard about it in the debate last night was… crickets?
Politicians who advocate for higher capital gains tax rates, higher taxes on the “wealthy,” higher inheritance tax rates, higher tariffs, more government spending and more regulations, fail to recognize, or admit, that all of this has been tried many times before, with disastrous results. They are either ignorant of economic history or are relying on the ignorance of the press and the people to buy such claptrap.
Even more disconcerting are those economists who try to make an argument of why this time the outcomes from bad policies are going to be different — apparently to curry favor with the political and media class.
The high priests of many academic disciplines, with the intent of making it seem more difficult, create many unnecessary new words, when simple, commonly understood words in the English language will suffice in most cases.
Here’s how to easily acquire basic economic literacy without the jargon, so that you’ll know more about economics than many in academia and most anyone in politics.
So he finally did it. Moments ago, Ted Cruz endorsed Donald Trump for President.
In a public Facebook post, the Texas Senator and conservative lion wrote...
Ted’s endorsement comes just before Monday night’s first-ever debate between Donald Trump and Hillary Clinton, a cage match if there ever were one.
Egypt was not Illery’s only foreign policy embarrassment this week. Former Mexican Foreign Minister Jorge Castaneda declared...
If that weren’t bad enough, Nation of Islam founder Louis Farrakhan dismantled Barack Obama this week. You just have to watch it to believe it (SEE THE VIDEO)
Kaepernick’s story is not merely glass-half-full: it’s close to brimming over. The NFL’s ratings are tanking, with the opening game down 8% from 2015, and Sunday’s numbers down a whopping 13%.
The left needs to distract us with looming, future disasters. The real disasters – riots in Charlotte, “rapefugees”, Iran and North Korea getting the Bomb – are all their own doing.
Worst example of the week: “Democratic Socialist” Venezuela
Will it end like 1980? Let's see! Here we go with this week's Half-Full Report!
Vienna, Austria. This is a particularly apt place to discuss the world’s oldest war. It’s been continuously running for almost 14 centuries, and it’s getting worse today.
First, however, let us note that Vienna has more history, beauty, charm, class, and friendly people than just about any city in Europe. It leaves Paris in the dust.
Just one example. Vienna was founded by the Romans as Vindobona in 15 BC on the south bank of the Danube. On March 17, 180 AD, Roman Emperor Marcus Aurelius was in his ornate tent in the center of the Vindobona fortress, having just won a victory over marauding Germanic tribes.
For many centuries, the street in Vienna along the traditional location of that tent has been called Schwertgasse – Sword Street. That’s because on that day in 180, the Emperor’s son, Commodus, murdered his father with a sword thrust. In the movie, Gladiator, Commodus smothers him – but nonetheless, the movie depicts real history.
Aurelius to this day is revered by Austrians. That’s why there’s a huge statue of him in the courtyard of the Hapsburg Palace or Hofburg in the center of Vienna.
For the next thousand years, the people south of the Danube adopted and lived by Christianity, oblivious to the war that had emerged in the Middle East, Asia Minor, North Africa, and Spain between their fellow Christians and people calling themselves Moslems.
On a visit to Bombay (aka Mumbai) in April, 2013, Bill Clinton praised Indian generic drug companies Ranbaxy and Cipla for their “stellar contribution in the fight against the HIV/AIDS scourge.” Their cheap drugs saved millions of lives, the former president said.
Surely Mr. Clinton knew by then – if he hadn’t from the beginning – the antiretroviral (ARV) drugs Ranbaxy sold were cheap because they were frauds. Their useless medicines did little to help HIV/AIDs patients.
The beginning was in 2002, when Clinton aide Ira Magaziner approached Ranbaxy with a proposition.
“They could put the developing countries together to form a sort of ‘buying club’ that could ramp up economies of scale and lower cost,” said Profs. Ethan Kapstein and Joshua Busby in their 2013 book, “AIDS Drugs for All.”
The World Health Organization had suspicions about Ranbaxy in 2004. A whistleblower told the Food and Drug Administration in 2007 how the company fabricated data to win FDA approvals. The fraud was made public in a Justice Department filing in 2008.
In 2012, the Justice Department banned Ranbaxy from selling in the U.S. drugs manufactured at several Indian plants. A month after Mr. Clinton’s lavish praise for the firm in 2013, Ranbaxy pled guilty to criminal counts of selling adulterated drugs with intent to defraud.
“Who cares? It’s just blacks dying.” That’s how a senior Ranbaxy executive dismissed concerns expressed by other executives the company was manufacturing defective medicines, Fortune magazine reported in a lengthy expose that month (May, 2013).
China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’s top financial watchdog.
A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late.
The Bank for International Settlements – the central bank of central banks, based in Basel, Switzerland – warns in its September 2016 quarterly report that China’s "credit to GDP gap" has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution.
It is also significantly higher than the scores in East Asia's speculative boom on 1997 or in the US subprime bubble before the Lehman crisis.
Studies of earlier banking crises around the world over the last sixty years suggest that any score above 10.0 requires careful monitoring. The credit to GDP gap measures deviations from normal patterns within any one country and therefore strips out cultural differences.
China is now the epicenter of global financial risk. Why? Because the Chinese banking system is an arm of the Communist Party.