Free kibbles

FASCISM:

The American Nazi party supports the Occupy movement, reminding everybody that fascism is a form of leftist socialism now just like it always has been.

ECONOMY:

Another great essay from Mark Steyn on the decline of the US.

"But a society can live on the accumulated capital of a glorious inheritance only for so long."

You have to produce before you can consume. This is a fundamental economic truth far too many Americans no longer understand. And failing to understand it leads to the consumption of capital.

"As more and more middle Americans are beginning to notice, they lead more precarious and vulnerable lives than did their blue-collar parents and grandparents without the benefit of college “education” and health “benefits.” For poorer Americans, the prospects are even glummer, augmented by ever grimmer statistics on obesity, childhood diabetes, and much else. Potentially, this is not decline, but a swift devastating downward slide, far beyond what post-war Britain and Europe saw and closer to Peronist Argentina on a Roman scale."

I'm happy to see people in the mainstream media pointing this out.

FEDERAL RESERVE:

Watching all the volatility of the stock market, I came to the conclusion the big banks were manipulating it on behalf of master government. I'm not the only one who suspects as much.

"After the market collapse of 2008 and 2009, where losses were generally around 55%, the markets have gone up substantially. During that same period were QE1 and QE2. This is no coincidence. Bernanke took full credit for the rise in the stock markets, and for good reason. The "Quantitative Easing" programs were structured to transfer money (out of thin air) from the New York Fed to its primary dealer banks. This is done when the Fed purchases treasury bonds from these dealers, some of which include Goldman Sachs and J.P. Morgan, along with 18 others. This process infuses the banks receiving this money with instant liquidity. During QE2 for example, from November 3rd of 2010 through June 30th of 2011, the New York Fed bought from its primary dealers $770 billion worth of treasuries, not the $600 billion it claimed. These banks acquired many of these treasuries during the bailouts by trading worthless securities for full value treasuries. This was, by the way, at taxpayer expense.There is a direct correlation between these bond purchases and stock market performance. When QE1 ended, after an increase of approximately 90% in the markets, the markets began to fall.  After falling about 23% from those highs, QE2 was announced, and began in November of 2010. The markets proceeded to go up again until QE2 ended in June of 2011. After the money stopped flowing, there was a sudden drop of over 18% from July through September of this year."

I also was skeptical of Operation Twist, which reportedly would leave the Fed's balance sheet unchanged. That made no sense to me. I predicted the Fed would actually just buy long-term bonds without selling short-term bonds to pay for them. Now we read this:

"Now it gets even more interesting. In just the past two weeks, the stock markets have gone up about 11%. During that same time frame, the Fed has purchased $39.9 billion of treasuries from its dealer banks, in the same manner as it did during QE1 and QE2. If continued, this is an $85 billion a month pace, similar to that of QE2. But remember, there is no announced QE3, and no report that I’ve seen has mentioned anything about this bond buying, but it is going on nonetheless."

Bernanke knows there's tremendous opposition to printing more money. Ron Paul, the Mises Institute and Lew Rockwell have made that a big issue. So he's doing in secret. He doesn't have to tell anybody, so he isn't. And all that newly printed money flows from the Fed into the Wall Street banks directly into the stock market, artificially driving it up.

HEALTH CARE:

I have tremendous skepticism that scientists are preparing a drug for release in a decade that will increase life expectancy to 150 years. If something sounds too good to be true. Even if they did produce this magic drug, the government would let anybody but ruling class cronies have access to it for a long time.

Yesterday we discovered the lawless Obama administration would not implement a provision of Obamacare because it was too expensive. Today we learn that Obama won't support repeal for that provision. He just plans to ignore it, but he still wants it on the books. It's not just that he's the most lawless president since Lincoln, it's that he flaunts it so openly, like he's proud of being a tyrant.

GLOBAL WARMING:

The IPCC is using private email accounts to hide their crookedness from the public.

WAR:

Yesterday, USA Today pandered to left by proclaiming "Obama won't keep troops in Iraq past 2011", but today it reports the US is still negotiating to keep troops there.

POLITICS:

Ron Paul finally comes out with a serious economic plan that has a chance of resonating with voters.

"Paul, a longtime critic of federal spending not authorized by the Constitution, will call for eliminating the federal Education, Commerce, Energy, Interior, and Housing and Urban Development departments.He'd also eliminate all foreign aid and spending on wars in Iraq and Afghanistan, and freeze government spending to 2006 levels -- the last year that the GOP had complete control of establishing the federal budget."

He's talking about cutting spending by $1 trillion a year. That's a good start.

Former Fed officials support Herman Cain. This is not good for him. Ron Paul is going to tie the Fed around his neck like an albatross.

Speaking of outrage...

"The outrage by the political and economic situation in the Western world is justified. In Europe and the United States, the gap between financial elites and the rest has widened, while politicians have become a sort of modern nobility completely detached from the realities of the ordinary man."

Somebody must have been reading all comments on how our politicians are aristocrats like any other. The only difference being anybody can become one which means far worse people become aristocrats here than in the past, and it shows.

Rush Limbaugh claims Ron Paul stole his idea of dramatically cutting the size and scope of government. Riiight.

MEDIA:

More documentation of the media bias against Ron Paul.

LOCAL:

Ohio ban on bath salts goes into effect today. By definition, this will create more crime.

VA whistle-blower reportedly suffered a heart attack before fatal crash. I still find this suspicious. I hope he wasn't be treated at the VA.