Free kibbles

TAX AND SPEND:

People do not like to have their money confiscated by the taxman, so they hide their taxable income. If governments really cared about the people, they would lower taxes, but instead they criminalize people who naively believe the fruits of their labor belong to them.

FEDERAL RESERVE:

Because the Fed can print all the money it wants, it could never go bankrupt anyway. What's the big deal with this accounting change?

"Even so, before the January rule change, it would have been very awkward for the Fed to become insolvent. The financial community would have seen just how nihilistic fiat-money central banking really is.But never fear, that awkward possibility has been eliminated. It is now mathematically impossible for the Fed to become insolvent, through the magic of "negative liabilities." There is nothing to hinder Bernanke's inflationary spree now, except public backlash against rising prices."

It's more about perception than substance. But why do this now?

"The Fed's rule change, couched in obscure language, is very ominous. It suggests that Fed officials know just how vulnerable they are, and that large interest rate hikes may be much closer than they have led us to believe."

Bernanke knows darn good and well his policies are causing inflation. He knows investors are fleeing to commodities. He knows treasury rates are creeping up. He knows credit default swaps are growing. He's seen the effects on Greece, Ireland and Portugal. He knows the same will happen here. So he's being proactive. He's evil.

GLOBAL WARMING AND ENERGY:

Even NOAA admits the snowfall this year was not due to global warming.

The Wisconsin governor seems to have buried a big payback for the Koch brothers in his budget-fix bill.

Layer of oil found on the Gulf floor. I'm sure this is big deal over the area it covers, but how big is the area?

FOREIGN POLICY:

Reports that Libyan strongman Gaddafi has fled the country, but his son continues to attack protesters.

"Libyan leader Muammar Gaddafi has fled Libya and may be heading for Venezuela, William Hague said today.
The Foreign Secretary said he had seen 'information' that suggests Gaddafi is on his way to the South American country - as Libya was up in flames today with reports of around 400 dead. The dictator was said to have fled as Tripoli, where he has ruled for more than 40 years, descended into chaos after anti-government demonstrators breached the state television building and set government property alight.Libyan diplomats at the UN are calling for Gaddafi to step down. Deputy Ambassador Ibrahim Dabbashi said that if the dictator does not relinquish power, 'the Libyan people will get rid of him'.But officials in Venezuela, where president Hugo Chavez is an ally of the Libyan dictator, denied any suggestions that Gaddafi was seeking refuge there. Information minister Andres Izarra said the reports were 'false' ."

It's great to see the people oust these dictators.

Remember when Gaddafi was the bad guy during Reagan? The good guy during Bush? Now he's killing his own people in the streets?

"One of the great shocks that has greeted Americans this year has been to discover, perhaps for the first time, that the United States has long been running its own bloc of satellite dictatorships in many parts of the world. Just as the Soviet Union had its "captive nations," so too the United States has its own collection of valiant allies who are as wicked and oppressive toward their own peoples as the communist dictators of old."

I hope this prompts people to recognize the illegitimacy of our government or at least realize that its been the aggressor in the Middle East for decades and the terrorist attacks against us are in retaliation for US government aggression.