Free kibbles

FEDERAL RESERVE:

Here's how the Fed justifies stealing our money through inflation:

"The Standard & Poor’s 500 Index of stocks has climbed 18 percent since he said Aug. 27 that additional asset purchases might be warranted.The risk premium on high-yield, high-risk bonds has narrowed to 5.16 percentage points from 6.81 percentage points, Bank of America Merrill Lynch index data show.
Inflation expectations have jumped by 44.4 percent.
The unemployment rate has fallen to its lowest level in almost two years."

We're supposed to be happy that big corporate execs are profiting from the money the Fed stole from us. The Fed has made it less costly for speculators to take risks. Inflation is increasing. Unemployment is still over nne percent. What kind of idiot would trumpet these things as good?

Chart shows the steady increase in inflation.


Robert Murphy celebrates how one of my favorite tools of criticism, ridicule, has been successfully used against Ben Bernanke thanks to the internet. Ideas are important. Facts are important. Being able to communicate them is important. But that's not enough to penetrate the emotional barriers most people have to new ideas. Ridicule is a valuable tool for penetrating that barrier so ideas and the facts can enter the mind and be entertained and understood.

Prediction of another bout of quantitative easing, otherwise known as inflation.

"Then there is the problem of price increases more generally. The producer price index for February has generated terrifying results, though you probably haven't heard about them. Predictions were for a 0.6 percent increase but the reality was 1.6 percent, which points to double digits on an annualized basis.And that just the beginning. Food prices rose the most since November 1974. Prices of raw materials rose by 3.4 percent in February from the previous month. Intermediate prices climbed 2.0 percent, with diesel fuel up a monthly 12.6 percent in February. These huge increases were counterbalanced by falling prices in cars, trucks, warehousing, and other areas that have already been showing signs of a postboom slump."

This is bad. All that money Bernanke printed is leaking into the economy faster than the so-called experts predicted.

GLOBAL WARMING AND ENERGY:

Lead IPCC author chosen 16 years before obtaining PhD.

Google works to promote the climate fraud. I've looked past all the mistakes Google has made in the past, but I'm not going to forget this one. It's hard enough defending ourselves from the frauds without Google piling on. I've already switched my default search engine to DuckDuckGo. Maybe I'll move this blog next.

WAR:

UN passes resolution to attack Libya.

"The U.N. Security Council passed a resolution endorsing a no-fly zone to halt government troops now around 100 km (60 miles) from Benghazi. It also authorised "all necessary measures" -- code for military action -- to protect civilians against Gaddafi's forces."

Let's hope the US refuses, but since it voted for the resolution, that's unlikely. Qaddafi declares cease-fire to avoid attack, but accusers say he already broke it. This is starting to look like a game of chess. It's possible to both oppose Qaddafi and oppose starting a war with Qaddafi.

"Is it possible to both oppose Gaddafi and oppose a war on Gaddafi? Absolutely. This is a position that all Americans should adopt. In the same way, it is possible to oppose the Obama administration but also oppose having a foreign army oust him in order to liberate us."

That's a great way of presenting it.

FOREIGN POLICY:

Yemeni government snipers murder protesters from rooftops.

"A massive demonstration against Yemen's government turned into a killing field Friday as snipers methodically fired down on protesters from rooftops and police made a wall of fire with tires and gasoline, blocking a key escape route."

This is a good reminder that the role of government is to protect the ruling class and enable it to loot the people.

MISC:

The death toll from the Japanese tsunami is now expected to reach 25,000.

Japan upgrades nuclear problems to the same category as Three Mile Island.

""The worst-case scenario would be where you have the fission products in stored canisters or in the reactors being released," said Professor Malcolm Sperrin, director of medical physics and clinical engineering at Royal Berkshire Hospital, UK."Radiation levels would then be very high around the plant, which is not to say they'd reach the general public.
"And we're definitely not in the situation where we're going to see another Chernobyl - that possibility has long gone.""

""The worst-case scenario would see the ponds starting to emit serious amounts of radiation, with some of the reactors going into a meltdown phase," he said."We put that together with [a possible scenario of] extremely unfavourable weather conditions - wind in the direction of Tokyo, for example.
"Even in that situation, the radiation that we believe could come into the Tokyo area is such that you could mitigate it with relatively straightforward measures, for example staying indoors and keeping the windows closed.""

All this focus on the nuclear plant is a distraction from the real disaster of the tsunami for the purpose of advancing the anti-nuclear power political movement.

"Fukushima now becomes the third level five incident in half a century of nuclear power."

This is a testament to how safe nuclear power is.

""The risk of a serious cancer arising from that kind of dose would be less than 1% in a lifetime - and you have to consider that the normal chance of dying from cancer is 20-25% anyway.

"As for people outside the plant - I can't see any chance of picking out the effect of the Fukushima releases against the general background of cancers.""

This has been another outrageous case of phony alarmism brought to you by eco-loons and their mainstream media allies. To the great dismay of environmentalists, California sees no increase in radiation.

Japanese recovery hampered by lack of a national electric grid determined by government in the late 1800s. This is a good reminder that governments are the enemies of civilization.