Sunday, August 31, 2014

Regulation

Property rights is the key to maintaining groundwater, not regulations.

Media

What could go wrong when celebrities take nude pictures of themselves and store them on the internet?

And idiots want to put household devices on the internet to be hacked.

Economy

Keynesian admits economy is in a depression.
"US Household Net Worth 2007- 2013
Top 1%         Up       1.9%
Next 9 %       Up       3.4%
Next 15%      Down   0.5%
Next 25%      Down  16.7%
Bottom 50%  Down   44.2%
None of the economic statistics we get from the government are reliable. Inflation is understated. Economic growth is overstated. Unemployment is understated.  But this chart of net worth is about as reliable as we can expect to get."
Ouch.

Misc

Researchers claim to have discovered stone spear tips 500,000 years old, 200,000 years older than previously known.

Global Warming and Energy

List of excuses for the pause, so far.

Police State

Florida cop busted in prostitution sting.

Years ago, Georgia fired all traffic cops, and nothing bad happened.

Images from first commercial spy satellite.

Politics

Chinese government to pick candidates for Hong Kong. Sounds like typical democracy.

The Torah, Bible and Koran all promote mass violence. The problem is religious fundamentalism, not any one religion. There seems to be a lot more Muslim religious fundamentalists though.

War


Islamists take control of abandoned US embassy compound in Libya. Largest theft if 30 years.

Israel steals just under 1,000 acres of West Bank land for new settlement.

If peace-keepers in Golan Heights are supposed to keep Israel and Syria from fighting, they've failed tremendously since Israel frequently attacks Syria from the air.
"Israel has avoided taking sides in the three-year civil war in Syria."
Except for those air attacks on government forces. They're far from neutral.

The UN and Israeli government disagree on how many Palestinian civilians Israel killed.
"In its most recent count, the U.N. Office for the Coordination of Humanitarian Affairs reports that 2,104 Palestinians were killed in Gaza, including 1,462 civilians, among them 495 children and 253 women. Those U.N. numbers would mean that 69 percent of the total killed were civilians.
By contrast, Israeli Prime Minister Benjamin Netanyahu said this week that Israeli forces­ had killed “approximately 1,000 terrorists,” which would mean that far fewer of the 2,104 Palestinian dead were civilians — roughly 52 percent."
Maybe they'll start another war over this.

Another claim Ukrainians are losing to secessionists.
"The Americans put a 2-star air force general in charge (Major General Randy Allen Kee), brought in the CIA, brought in mercenaries, supplied leadership and presumably some intelligence, had a numerical advantage of 2-1, had a weapons advantage, and lost. The American-Ukrainian side seems to have applied the standard American tactic of brute force and firepower on cities, but it proved fruitless."
I'd like to see some references.

Obama considering strategy in Syria.
"In fact, there is apparently an option emerging from the bowels of the war machine that calls for an odd/even day plan to bomb both sides, thereby making clear that Washington is an equal opportunity spanker. Apparently, whether you use a 12th century sword or 20th century attack helicopter as a means of rule, you will be bombed by the “indispensable nation”, as Obama put it, adding that “no other nation can do what we do”."
As twisted as this is, it's probably true.
"According to AP, it appears that Syrian airstrikes are imminent, but could be carried out under the odd/even day plan:
“In an effort to avoid unintentionally strengthening the Syrian government, the White House could seek to balance strikes against the Islamic State with attacks on Assad regime targets.”
Is any more evidence needed that Washington has gone stark raving mad than even the possibility that such an absurd option could  be under consideration? Has not the imperial city on the Potomac become so inured to its pretensions of global hegemony and to instant resort to deployment of its war machine that any semblance of rationality and coherence has been dissolved?"
Yes.

Mainstream articles show how the US knowingly empowered ISIS, which they now want to attack while also attacking the Syrian government. 

Local

The DDN noticed that police shootings are frequent but charges are rare. That's because cops have a license to kill.

Rally to support police at Beavercreek Walmart.

Remember when Dayton spent tax dollars to demolish an apartment building so it could replace it with a new apartment building targeted for Sinclair students? The new one hasn't been built.
"The developer has yet to secure financing for the project, and its opening has been pushed back, likely until the fall of 2016."
This is just another money-stealing boondoggle.

Huber Heights spent $300,000 on Goodsports site though the contract didn't require it. The corruption at this music venue boondoggle runs deep and wide in Huber Heights.

Socialism

This shows how a classic socialist economy is greatly inferior to even a fascist economy.
"Check out this detailed and informative look at the unspoken competiton between NASA's SLS rocket and SpaceX's planned heavy lift rocket. It's being designed to be even more powerful than the Falcon Heavy. Key quote: "It is clear SpaceX envisions a rocket far more powerful than even the fully evolved Block 2 SLS – a NASA rocket that isn't set to be launched until the 2030s." The SpaceX rocket hinges on whether the company can successfully build its new Raptor engine. If they do, they will have their heavy lift rocket in the air and functioning far sooner than NASA, and for far less money."
Imagine what a free market would produce.

Health Care

Prestigious journal sides with statin critics against big statin advocate which keeps its statin data secret.

Why most research is false.
"“There is increasing concern that in modern research, false findings may be the majority or even the vast majority of published research claims,” he wrote, and went on to describe in meticulous mathematical detail exactly why most of the studies that see the light of day are deeply flawed."
I bet he didn't same socialist and fascist funding.

Apparently our hunter-gatherer ancestors didn't die from wounds as easily as everybody believes.
"If you think you have it tough, consider Kennewick Man. The early American lived nearly 9,000 years ago and was likely in constant pain. He suffered from one injury after another, and his lifestyle offered little time for rest and recovery. "
A human couldn't survive that without modern medical intervention today.

Spanish police arrest parents for taking their son from a British hospital without the consent of doctors. Who is raising this child?

Misc

Solar system found to be in giant gas (plasma) bubble. Bubble is probably the wrong term, but establishment scientists don't know it yet.
"Between the planets and the stars of our galaxy is not just empty space. There are gasses, dust, ions -- and more -- sweeping around."
Ions. That's plasma.

Economy

Wall Street celebrates the best August in 14 years which was right before the dot.com bubble burst. This is not something to celebrate.

Upscale Denny's in Manhattan offering $300 brunch will soon die a horrible death when the bubble pops.

Manhattan condo prices hit record high. They won't last either.

Jessica Alba's diaper delivery company is valued at $1 billion for IPO.
"While today even the pundits are aghast at the latest Snapchat valuation round, which according to the WSJ has Kleiner Perkins inject a laughable $20 million into the private-parts photography service, boosting its valuation to a whopping $10 billion in a clear windowdressing mark-up round, up from $800 million a year ago, even as the actual equity invested into the company is a paltry $160 million or under 2% of said valuation, the true indicator of just how bubbly the second coming of the dot com era has become comes courtesy of none other than Jessica Alba's, yes the actress, own startup: a company launched in 2012 and which makes "non-toxic" diapers (as opposed to toxic diapers?), called the Honest Co., has raised $70 million at a valuation just shy of $1 billion in preparation for an IPO. "
If there was some sort of bubble index, it would be off the charts.

Immigration

Feds to run ads telling self-deported illegal aliens they can return. What part of illegal alien don't our rulers understand?

Saturday, August 30, 2014

War on Drugs

States allowing medical marijuana have fewer pain killer deaths.

Tax and Spend

Poor NASA doesn't steal enough of our money.

Global Warming and Energy

Michael Mann's fraudulent hockey stick filter exposed.

California global warming gas tax, signed by Schwarzenegger, to take effect.

Arctic ice cap growing.
"The speech by former US Vice-President Al Gore was apocalyptic. ‘The North Polar ice cap is falling off a cliff,’ he said. ‘It could be completely gone in summer in as little as seven years. Seven years from now.’
Those comments came in 2007 as Mr Gore accepted the Nobel Peace Prize for his campaigning on climate change.
But seven years after his warning, The Mail on Sunday can reveal that, far from vanishing, the Arctic ice cap has expanded for the second year in succession – with a surge, depending on how you measure it, of between 43 and 63 per cent since 2012."
Wrong again.

War

The Israeli-Hamas war is supposedly over.
"After 50 days, the war is over. Hallelujah.
On the Israeli side: 71 dead, among them 66 soldiers, 1 child.
On the Palestinian side: 2,143 dead, 577 of them children, 263 women, 102 elderly. 11,230 injured. 10,800 buildings destroyed. 8,000 partially destroyed. About 40,000 damaged homes. Among the damaged buildings: 277 schools, 10 hospitals, 70 mosques, 2 churches. Also, 12 West Bank demonstrators, mostly children, who were shot.
So what was it all about?
The honest answer is: About nothing."
It was about something. It was about Israeli and Palestinian rulers gaining more power and more wealth.

Motive for the war in Ukraine.
"Despite what you might have heard or read over the last six months, the goings on in Ukraine have virtually nothing to do with democracy or Putin’s supposed desire to reconstruct the Soviet Union, and everything to do with the US need to eke out a few more years of world hegemony by sowing chaos among the nations, or emerging coalitions of nations, it sees as having any ability to put a check on its now largely unchecked military and financial power."
The US, and to a lesser extent its EU allies, was the aggressor.
"As Putin’s advisor, Sergei Glaziev, said in a wonderfully succinct manner a few days ago, this is all about the US desire to destroy the peaceful, and until now, quite mutually beneficial set of relations between post-Soviet (and post-Yeltsin) Russia and the nations of the EU.
Why would the US want to do that?
Because the idea of an increasingly integrated economic space stretching from Lisbon to the Kamchatka Peninsula, scares the daylights out of the geopolitical strategists in Washington and New York, as well as their friends in the London poodle pound."
So far, it's working.

Just the other day, the news was reporting that Ukrainian forces were crushing the secessionists. Today we hear the rebels have enjoyed a string of victories.

Ukrainian government talks about joining NATO. That would be nuts.

The reason the US stopped talking about the downing of the Malaysian airliner over Ukraine is it was downed by Ukrainians.

Western rulers have lied and lied and lied about Russian activity in Ukraine.

I bet this report is a lie too.
"But Ukraine military spokesman Andriy Lysenko told journalists in Kiev that Russian tanks had entered the small Ukrainian town of Novosvitlivka on the border with Russia and fired on every house."We have information that virtually every house has been destroyed," Lysenko added, without giving details on when the reported attack took place. Ukraine's daily military briefings typically cover the previous 24 hours."

What would anybody gain by doing that?


The US conflict with Russia in Ukraine is about protecting king dollar.
"Notwithstanding its undeniably great accomplishments of the past hundred years, the relationship of the United States to the rest of the world is parasitic. This is because it creates money and debt instruments out of nothing, requiring virtually no effort, which it then swaps for goods and services with other countries. Because the US dollar is the global reserve currency, it is able to rack up astronomic deficits that would be untenable for any other country. US debts are now at such levels that if the US dollar loses its reserve currency status, the United States economy will implode and it will quickly be reduced to the status of a banana republic – hence the sense of urgency in the face of growing threats."
Fortunately, that can't happen real fast. Unfortunately, it could play out over decades, depressing our economy the whole time.
"Any state that moves to opt out of using the dollar as a medium of exchange is dealt with, forcibly if deemed necessary. The tactics are threefold – economic blockade (sanctions), the funding of an internal revolution, perhaps assisted by US special forces, and an outright military invasion, or perhaps a combination of the three. This is what happened in Iraq and Libya, both of which planned to trade their oil in currencies other than the dollar. Perhaps the greatest irony of all is that the world’s savings, via the Treasury market, are used to fund the vast US military machine with its hundreds of bases spread across the world which forcibly makes sure they stay yoked to this system."
It is ironic, but it's also inevitable.
"A sad irony for the American people is that even though the US has the ability to swap unlimited intrinsically worthless paper for goods and services from the the rest of the world, the infrastructure of the country is crumbling and many Americans already live in poverty on “food stamps”, and even the great US middle class is being squeezed. This is because the elites don’t care about the country or the masses – all they care about is power and the amassing of personal fortunes."
That's not ironic.

Iraqi forces recapture two towns from ISIS. I predict a few thousand fanatics with a penchant for cutting off heads by the hundreds won't hold any appreciable territory for any appreciable time.

ISIS is blowback from America's wars in Iraq and Syria.

NATO attacked Libya to stop Qaddafi's plans for a gold dinar to rival the dollar.
"Gaddafi did not give up. In the months leading up to the military intervention, he called on African and Muslim nations to join together to create this new currency that would rival the dollar and euro. They would sell oil and other resources around the world only for gold dinars.
It is an idea that would shift the economic balance of the world."
Can't have that.

Federal Reserve

Contrary to this article, bitcoin is not a solution to the state. It's not even money.

The CFR advocates literally handing money out to everybody who isn't rich.

Butter price hits all-time high.

Politics

British man attacks MP. Governments have pushed people to their limits, and some will fight back.

In order to be free at home, Americans must not allow the government to create an empire abroad.
"If Americans want a free society at home, then they must convince the U.S. government to give up its global empire. The militarized police recently on display in Ferguson was no freak coincidence: Antiwar activists and other civil libertarians have been warning for decades that an aggressive US foreign policy would eventually destroy domestic liberties. Americans can’t ask their government to subjugate foreigners with bombs but bow to their own wishes at the ballot box.
As obvious as the above statements seem to me, according to a recent article Daniel McCarthy apparently would disagree. This surprised me, because McCarthy is editor of The American Conservative, a magazine that has tirelessly reminded US right-wingers that true conservatives don’t go abroad in search of monsters to destroy, and that nation-building is a progressive hobby."
All true.
"Specifically, if you allow your government to maintain an empire abroad, then you can’t possibly expect a free and open society at home. This fact is staring us in the face as police departments across the country accept the surplus military equipment used in foreign occupations."
And being forced to use it or lose it.

Ron Paul bribery scandal. This is stupid. Politics is all about making money, and people buy support and votes all the time.

Why in the world would the business community have ever had confidence in Obama to lose?

Anti-EU party in Britain trounces conservative, incumbent party, though the same guy who had the seat won it again because changed parties. Now many are expected to change parties. So the same people will be in office, but their party affiliation will change. I doubt this is meaningful. It's sounds more like political expediency.

Regulation

California bans plastic bags. This will have consequences.

Local

Al Sharpton is coming to Beavercreek to protest and politicize the Walmart shooting.

DeWine makes excuses about not releasing all the Walmart shooting video.

Second big fight at Moraine Inn and Suites this year. Two men punched a female deputy in the face. Let's see if they shut this place down like they do the bars.

OVI checkpoint in Kettering collects lots of revenue.

Manufacturing jobs in Ohio increase between 2011 and 2013. They'll be gone soon.

Health Care

Paper from five researchers who died studying the Ebola outbreak reveals the source of this strain.

Experimental Ebola drug ZMapp saves 18 of 18 monkeys.

New Obamacare tax hits Sept. 30.
"But with an $8 billion tax on insurers due Sept. 30 — the first time the new tax is being collected — the industry is getting help from an unlikely source: taxpayers.
States and the federal government will spend at least $700 million this year to pay the tax for their Medicaid health plans. The three dozen states that use Medicaid managed-care plans will give those insurers more money to cover the new expense."
Customers pay those taxes anyway.

Police State

Judge denies request for LAPD license plate scanner data. So where's the oversight?

Two Ferguson cops have been fired for threatening protesters.

Say no to chip implants.

Louis Freeh's car crash called suspicious.

Microsoft defies court order to turn over emails held on foreign server.

Tax and Spend

US raises fee to expatriate tremendously. As Ron Paul noted, the fences government wants to build today will be used to keep Americans in, not keep others out.

Socialism

Thank goodness the government published detailed instructions on roasting marshmallows, or the world might have ended.

Economy

While horrible numbers of Americans have lost jobs or been forced into part time work, the full time workers are working more hours than ever.
"A new Gallup poll finds that economically-stressed Americans are now working an “average” of 47 hours, with a growing number clocking 60 hours or more."
This is what happens when there are many workers competing for few jobs. Government is taking us back to the sweat shop days.

Immigration

The new alarmism is about a terrorist attack on our southern border, and they blame the reporter who exposed the problem. ISIS targeting Mexican border. This sounds like the press helping Obama insulate Republicans from voters if they pass amnesty.

In the last six months, Obama has released 37, 477 illegal immigrant children into the US while deporting only 280. This is why he doesn't have to grant amnesty to anybody. He's doing it without attracting the ire of the American people.

Friday, August 29, 2014

Sports

While NFL commissioner super-bureaucrat jerk hammers players for rumors of bad behavior, he's refused to touch Colts owner Irsay for being busted transporting tens of thousands of pills, saying the justice system hasn't reached a verdict. He waited for verdict in any other case. But now Irsay has plead something other than not guilty. It'll be fun to watch the hypocrite slave-master twist in order to avoid punishing Irsay. It's kind of funny that an NBA owner was forced to sell because of a smear tape, but Irsay is protected despite trafficking tens of thousands of pills.

Misc

Claim that discovery of nanodiamonds conclusively proves Younger Drias created by comet impact.

Scientists think they see small bodies disintegrating into dust, and call that planet formation.

Health Care

Five Ebola researchers killed by disease before their research was published.

Politics

Libertarians accused of being anti-science. This article is stupid. Rebuttal.

Judge rejects losing tea party challenge to contest results because he didn't file on time. I doubt this is true. Even if it is, judges only enforce it when it benefits the establishment.

Foreign Policy

Decades, or maybe centuries, of oppression in the Middle East has produced populations that elect radicals to fight it, scaring Middle Eastern rulers.

Global Warming and Energy

Gasbuddy predicts lowest Labor Day weekend gas prices since 2010. They're not that low here.

Psychologist discovers the fraudulent 97 percent consensus claim includes psychology and other irrelevant papers.


War

Ukrainian secessionists claim their Russian equipment is equipment abandoned by Ukrainian troops, many of whom spontaneously defect when sent to the battlefront.
"Although such claims of using only confiscated Ukrainian equipment are common, top rebel leader Alexander Zakharchenko himself has said Russia was supplying equipment and fighters. And Russia's consistent rejection of the allegations is hotly dismissed by the West."
I'm sure the Russians are doing what they can without being caught red-handed, just like the US does.
""Despite Moscow's hollow denials, it is now clear that Russian troops and equipment have illegally crossed the border," NATO Secretary-General Anders Fogh Rasmussen said Friday."
I wonder if this guy ever heard of the US doing the same in Syria, Libya, Yemen, Somalia, Mali, and god knows where else.
"A spokesman for the rebels in Novoazovsk, who identified himself only as Alexander, said their plan was to try to eventually push westward to the major port city of Mariupol, about 20 miles away. There was no sign of imminent movement on Friday, but Alexander's statement underlined fears that the rebels' eventual aim is to establish a land bridge between Russia and the Russia-annexed Crimea peninsula further to the west."
That makes sense.

Putin declares southeastern Ukraine to be New Russia.

Joint Intelligence committees' report on 9/11 keeps 28 pages secret.
"What is in the twenty-eight censored pages? You aren’t allowed to know that, but members of Congress can read them provided they write to the heads of the Senate and House intelligence committees and get permission. If such is granted, they are escorted into a soundproof carefully guarded room in the company of various spooks, where they get to read the material: they aren’t allowed to take notes.
Do you get the impression someone has something to hide?"
Somebody.
"The alleged Saudi connection to the 9/11 attacks has had a lot of play: it is widely believed that in the immediate aftermath of 9/11 special permission was given to fly members of the Saudi royal family out of the country when the whole nation was in lockdown. This raised suspicions, along with the incontrovertible fact that the majority of the 9/11 hijackers were Saudi citizens. "
But there was more than one foreign government. Who stood to benefit from the US increasing it bases and waging war in the Middle East? Clearly, our Middle Eastern allies.
"In the wake of 9/11, while the smoke from the downed World Trade Building was still clouding the skies over Manhattan, I noticed a news item in the Washington Post that rang all kinds of alarm bells, or at least it should have – although our vaunted Fourth Estate was too busy signing on to the newly-minted "war on terrorism" to notice. The story was headlined "Government Calls Several Cases ‘of Special Interest,’ Meaning Related to Post-Attacks Investigation." Reporter John Mintz related that at least 60 Israelis "of special interest to the government" had been rounded up and that several of these had training in counter-terrorist techniques."
You could see that coming. We already know about the dancing Israelis.
""There is no indication that the Israelis were involved in the 9-11 attacks, but investigators suspect that the Israelis may have gathered intelligence about the attacks in advance, and not shared it. A highly placed investigator said there are ‘tie-ins.’ But when asked for details, he flatly refused to describe them, saying, ‘evidence linking these Israelis to 9-11 is classified. I cannot tell you about evidence that has been gathered. It’s classified information.’""
That's suspicious.
"So the question boils down to – Why? Why would the Israelis, who were tracking the terrorists on our territory, not only fail to let us know but perhaps act to shield them from law enforcement’s gaze? The answer, I believe, is indicated by the role played by Israel since the attacks in agitating for US military action in the Middle East. In 2003, Israeli Prime Minister Ariel Sharon, anticipating the Iraq war, declared that Syria, Iran, and Libya had to be "disarmed" as well. And Benjamin Netanyahu, speaking to a conference at Bar Ilan University in 2008, was more direct. As reported by Israeli news outlets Ha’aretz and Ma’ariv:
“’We are benefiting from one thing, and that is the attack on the Twin Towers and Pentagon, and the American struggle in Iraq,’ Ma’ariv quoted the former prime minister as saying. He reportedly added that these events ‘swung American public opinion in our favor.’” "
That's who benefited. Movement to declassify those 28 pages.

Obama's lack of coherent policy.
"By attacking the Islamic State in Syria, Obama will become a de facto ally of the Syrian government, just as Obama and ISIS were de facto allies when they were both targeting Bashar al-Assad. Most Americans are likely fed up with Obama’s zigzagging foreign policy, and with each new U-turn support drops for the next war." 
Perpetual war is making us less safe.

Politico declares Obama has acted lawfully against ISIS so far, but the Constitution doesn't agree.

ISIS laptop providing wish list of attacks, no matter how improbable, will undoubtedly be used to advocate more war.

Fighting ISIS costs $7.5 million per day.

After 13 years of perpetual war, Britain, and the US, faces the greatest terrorist threat ever.

Police State

More on police departments "losing" Pentagon weapons.
"The Pentagon has banned 145 law enforcement agencies from receiving surplus military weapons and supplies, part of a program under scrutiny after police in combat gear responded to protests in Ferguson, MO.
In each case examined by the Cox Washington bureau, the departments were suspended after losing high-powered weapons."
Losing is code for stealing without consequence.
"The list of banned law enforcement agencies is a small fraction of the 8,000 participating in the program, but includes large departments such as the North Carolina State Highway Patrol and Florida Fish and Wildlife Conservation Commission.
Departments can petition the Pentagon to be reinstated."
Maybe people put on the no-fly list should have the same opportunity.

Local

Family of man killed at Beavercreek Walmart ask US Attorney to take over and politicize his killing. I can understand wanting an investigation as far from the local police as possible, but getting Holder involved would be a disaster.
"“What they saw really, really bothered us,” Hilton said Thursday. “They saw the police coming in and John Crawford III having this air gun pointed toward the floor, looking at the shelf. The next thing they see is he drops to the floor, he’s been hit by bullets. We’re very concerned about that. We just need to get the entire video released so the community can know what happened.”"
This is bizarre:
"An area police chaplain and minister, Mike Crain of Huber Heights, started the “I support the Beavercreek Police Department” Facebook page Aug. 9, which now has more than 2,700 likes. He said the informal rally isn’t meant to be divisive.
“I’ve tried to make it clear to the participants that this isn’t a right versus wrong (event), this isn’t a time to try to place blame,” Crain said. “This is just to say, hey, we are supporters of the Beavercreek police department.”"
One man shooting another dead is certainly an event that demands an evaluation of right versus wrong. It sounds like this pastor has a conflict of interest.

Premier Health to implement own health insurance. The more competition, the better.

Health Care

Now crop pests threaten world food supply. Be very afraid. I get that just as government's health care system breeds superbugs, government's food system breeds super-pests, but come on. This is fearmongering to benefit Big Ag.

Thursday, August 28, 2014

Regulation

EU bans high energy appliances.

Immigration

In the past, Obama admitted any executive action to grant amnesty to illegal aliens would break the law. While true, he only said that because it politically expedient at the time. The most lawless president of my lifetime doesn't care.

I still suspect these rumors are intended to enable Republicans to pass something and Obama won't act through executive order because he doesn't want the backlash.

Politics

Roger Goodell caves to politics and threatens harsher penalties for domestic violence. He's allowing people who politically invested in the term overrule the people who investigated the facts because sports in the US has become fully politicized.

After getting slammed for her silence on the Ferguson shooting and for her criticism of Obama, Clinton praises Obama for his handling of Ferguson. What a suck-up. He did nothing.

Has Hillary ever been right? That's a good question.

Twice as many people strongly disapprove of Obama as strongly approve. He doesn't care.

Economy

Google testing delivery drones in Australia with goal of competing with Amazon.

War

Ukraine claims Russia invaded with columns of armor, but Putin denies and Obama fails to accuse Russia of invading. The US is covering Ukraine with satellites. If Russia invaded, show is pictures. I'm skeptical of the claim Ukraine captured Russian paratroopers in Ukraine.

This makes me suspect the Ukrainians are lying.
"Anticipating the possibility of direct combat between Ukrainian and Russian troops, the council later announced it had reimposed mandatory military service, suspended last year."
Lies for domestic consumption so they can implement military slavery.

On the other hand, NATO satellite photos supposedly show Russia troops fighting Ukrainian troops in Ukraine. More.
"According to a statement posted on the NATO website, the photos "confirmed what NATO and its Allies had been seeing for weeks from other sources.""
Why did it take weeks to get satellite photos? There's so much lying going from everybody involved.

Now Russia hackers are blamed for attacking all the big banks. There's still no way to know if it was Russians or a false flag. Banking representative unaware of significant cyber-attack. So much for that alarmism.

Obama admits he has no strategy for dealing with ISIS.

ISIS waterboarded prisoners. This puts the US in a bad spot.

Police State

Blaming Reagan for the surveillance state because of executive order 12333 from 1981.

Wednesday, August 27, 2014

Federal Reserve

Argentine peso continues collapse.

Immigration

Immigration courts overwhelmed just like Obama planned.
"Two top federal judges Wednesday said the nation’s immigration courts are in chaos, with the backlog of cases at an historic high of 375,000 for just 227 judges, leading to a minimum three-year delay in hearings for illegal immigrants."
Cloward and Piven.

Global Warming and Energy

Suggestion that bombing Iceland volcano may reduce risk to air travel.

No matter how many studies shoot down global warming frauds, they keep popping back up, bouyed by nearly inexhaustible tax dollars.

Democrats unhappy with Obama's plan to push global warming agenda through UN, but he doesn't care because he's not running again.

Articles about safe, clean energy might as well grow on trees, but I don't see them built anywhere.

Coal is the fuel of the present and future.

Socialism

Socialism is not the solution to wildfires.

Central California wells run dry.

War

The Israeli government has solidly supported the rebels in Syria. Now they have captured the pass to Israel and threaten Israel. Oops.

US not-so-intelligent intel reports 300 Americans are fighting with ISIS. They're only a threat if the socialist security agencies let them come back. Don't do that. Spend your tens of billions making sure that doesn't happen. Second American fighting with ISIS killed. That's one less we have to worry about.

Did Russian hackers attack JPMorgan or was it a false flag? Either could be true.

Regulation

Department of Transportation gives notice of pending mandate for vehicle to vehicle communication.

Comcast uses regulation to quash competition exactly as one would expect. Since the government makes that option available, corporate officers have a fiduciary duty to do so.

Politics

Because big business is dependent on government, big business in Scotland, dependent on UK government, is against independence.

Rand Paul blames Hillary's war hawk policies for wars and crises in Middle East.

The ESPN report on Michael Samm's showers was even more idiotic than every other report about a seventh round draft pick. This shows how crappy ESPN has become.

I'd be surprised if Scott Walker is really tied with a Democrat challenger in Wisconsin.

Police State

Ohio Supreme Court says police can keep secret threats against governor. What purpose does that serve?

The Pentagon is purposely escalating the police war against Americans.
"Analyst Noel Brinkerhoff points out that the Pentagon’s 1033 program specifies that “any participating law enforcement agency must use its equipment within one year of receiving it. If they don’t, they have to give it up.”
If a police department wants combat gear, it can get it, and once the department has that gear, it will use it. In fact, the Feds will require that they invent a “need” where none exists. This helps explain why routine police calls are now treated as potential military engagements."
Great.

Now the TSA is forcing travelers to declare prescription drugs and show their prescriptions.

Local

Sinclair goes deeper into drone business.

Protesters want federal investigation into Beavercreek Walmart shooting, probably because they're counting on Obama and Holder to politicize it.

Tax and Spend

Government scientists experiment whether universe is a hologram. That's stuff few people would pay for voluntarily.

Experiment claims to prove hydrogen fusion powers the sun by detecting ghostly neutrinos, but it sounds like noise overwhelms the signal, and you can't subtract out noise because of the nature of noise. Maybe their using the term noise when they mean other signals, but this sounds like a case of confirmation bias. I'll bet there's a retraction eventually, like with the supposed confirmation of cosmic inflation. Wal Thornhill explains they can't tell the difference between fusion in the center of the sun and fusion on the surface.

Warren Buffett's involvement in Burger King's transfer to Canada puts Obama in a bad spot. Dozens of companies have done the same since Obama was elected..He could resolve that by dramatically cutting taxes.

Education

Ohio bill would prohibit teaching scientific method. Government doesn't like science, so this makes sense from its point of view.

Students wouldn't have to worry about Michelle Obama's food dictates if they weren't locked into socialist prison schools.

Tuesday, August 26, 2014

Tax and Spend

Over 45 million Americans have been on food stamps for 37 months.

Burger King to take over Tim Hortons and incorporate in Canada to avoid the highest corporate tax rate in the supposedly civilized world.

While I'm all for cleaning up space junk, this plan is just a way to steal money from taxpayers and enrich Lockheed-Martin plutocrats.

Immigration

Jerry Brown invites all Mexicans including illegal aliens to California.

Politics

Statistics from Walter Williams show blacks grew up in two parent households for most of the post slavery era until today.
"Coupled with the dramatic breakdown in the black family structure has been an astonishing growth in the rate of illegitimacy. The black illegitimacy rate in 1940 was about 14 percent; black illegitimacy today is over 70 percent, and in some cities, it is over 80 percent."
...
"The point of bringing up these historical facts is to ask this question, with a bit of sarcasm: Is the reason the black family was far healthier in the late 1800s and 1900s that back then there was far less racial discrimination and there were greater opportunities? Or did what experts call the “legacy of slavery” wait several generations to victimize today’s blacks?"
Williams is saying that the breakdown of the black family is the major cause of black social problems, but he doesn't explain why black families have broken down, and the biggest factor is government. Socialist schools and interventionist economic policies cause high black unemployment. Throw in the minimum wage, the war on drugs, and welfare, and this is terrible for black families. The government is waging war on all families, and as with all government policies, poor and black families suffer the worse from it.

Blacks know race relations have deteriorated since Obama took office, but I wonder if they blame Obama.

Claim that the state rose as revolutionary monarchs wrestled power from the church.
"Eventually the Hapsburgs, “provoked beyond endurance by the Protestant challenge to their throne, launched the Thirty Years War in a last ditch effort to restore the Imperial power in Germany if not throughout Europe.”
The war ended with the Peace of Westphalia in 1648, marking the triumph of the monarch over both the Empire and the Church.  The Emperor lost any pretension of rule over other rulers, as firm lines were drawn with clear sovereignty within each border.  The conflicting power that was a landmark of medieval decentralization throughout Europe came to a final (at least for now :-) ) end."
OK.
"The struggle against the nobility was marked with a gradual eroding of the idea of law by custom – the old and good law of the Middle Ages.  The king was determined not to be limited to merely enforcing the law (with his decision subject to veto by any noble), but would also create law."
We see how that worked out.
"A measure of the success in this transition can be marked by the accession of Charles I in England in 1625, when for the first time a new king in England felt sufficiently secure to refrain from executing the noblemen of his predecessor – the nobility had been neutered.
In place of the old and good law, Roman law – useful for centralizing power – was once again introduced.
Whichever way one looks at it, the dawning age of absolutism found rulers raised to splendid heights rarely attained, if indeed contemplated, by their relatively humble medieval predecessors.
Sadly, for the rest of us."
It got a lot worse.

Government in a city-state.

I'm positive animals are smarter than experts think, but I bet this article is about trying to give them human rights.

Economy

It should go without saying that you can't centrally plan an economy with spreadsheets or any other way, but Argentina tried and failed.

Four charts highlight new, increasing misery index.

War

Obama sends surveillance flights over Syria despite warning from Assad.

An Americans named Douglas McAuthur McCain, who converted to Islam a few years ago, died fighting for ISIS.

Ukrainian troops capture Russian paratroopers in Ukraine. Putin's just lost the PR battle.

NATO plans to put bases on Russia's border.  What could go wrong?

Palestinians happy for ceasefire. Then why do they empower Hamas to keep restarting the war by firing more rockets? Note to the Palestinian people: Hamas's rockets aren't working out for you.

Get the US Coast Guard out of the Middle East

Local

Crawford's family wants all the Walmart video released, and so do I. Withholding it is not in the interest of justice.
"UPDATE at 11:44 a.m.: The attorney for the family of John Crawford III has finished speaking.
He said: "From what we've seen, John had no opportunity to put the gun down."
UPDATE at 11:30 a.m.: The attorney for the family of John Crawford III is now speaking to the media.
Attorney Michael Wright said: "We need Mike DeWine to refer this case to the Department of Justice. Not to a special prosecutor."
Wright said Crawford did nothing wrong in Walmart. "Nothing more, nothing less than shopping."
Wright, who has seen store surveillance video of the shooting incident, said Crawford was shot while talking on the phone, holding the butt of the gun with the barrel pointed at the floor.
He said Crawford was "shot on sight" in a "militaristic" response."
It sounds like they're disputing the cops told him to drop the gun. I doubt Walmart has audio.

Law firm sues Goodsports for non-payment for work on Huber Heights project attached to music boondoggle.

When you're a socialist, you might as well shut down interstates on the busiest weekend of the year because you won't lose any money.

Water main break on North Dixie.

Police State

Ostensibly to fight cell phone theft, California passes law to shut down all cell phones. I notice they don't have a law requiring kill switches on cars.

Here's a good quote describing cops' rapists mentality.
"“If you don’t want to get shot, tased, pepper-sprayed, struck with a baton or thrown to the ground, just do what I tell you.”—Sunil Dutta, an officer with the Los Angeles Police Department for 17 years"
No doubt rapists say the same thing.

Police departments "lost" weapons supplied by the Pentagon. Lost. Right.

Freedom of Speech

Global map of internet censorship.

Global Warming and Energy

Climate geoengineering because of tiny natural variation is nuts. To combat an ice age, maybe not so nuts.

Australia's Bureau of Meteorology busted for changing temperature records of stations.
"Translated: So the Amberley thermometer might have secretly moved (and that might be classified) but we are sure it shifted one way or the other. Even though we don’t know where it was before, or how much difference that makes, we can figure out what the thermometers should have been recording in 1941 because of other stations which are hundreds of kilometers away. "
Classified.

Australian scientist calls for people to be fired. Good for her.

Somebody discovered burning trash creates air pollution.

Energy storage can't make up for intermittent renewable energy deficits from wind or solar.

Obama wants the UN to pass climate rules so he can use that an excuse to trash our economy further.

Health Care

Twelve year old girl dies from forced HPV vaccination.

Praise for raw milk cheese.

The VA investigated itself and found no proof veterans died waiting for care.

This criticism of the recently announced CDC cover-up of a link between vaccines and autism seems more like personal attacks than science.

Monday, August 25, 2014

Economy

S&P 500 hits new record high.

Federal Reserve

I don't think this is this complicated.
"On the one hand, the Fed insists the economy is expanding and all is well. If this is true, then the Fed should allow interest rates to normalize, i.e. be unleashed from the Fed's financial prison and allowed to rise to whatever the market of borrowers and lenders sets as fair in the current climate. But the Fed also insists that it cannot allow rates to rise. If this is true, then it means the economy is weaker than the Fed would have us believe.
These are contradictory, but the Fed would have us believe both conditions are true. The Fed's job as the authority figure is to convince us the economy is expanding at a healthy clip, but interest rates cannot be allowed to rise because the economy is fragile and ill."
Their just lying.

ECB to do its own QE.

Health Care

National Geographic has something positive to say about the paleo diet.

Doctor and unidentified CDC whistleblower team up to expose conspiracy to cover up link between vaccines and autism.
"Dr. Hooker notes that the CDC used children under the age of 3 for a comparison (control) group, which is an intentional way of skewing results of its studies involving any alleged link between vaccines and autism.  Symptoms of autism generally don’t emanate among children till after age 3 and the control group was too young to have received a diagnosis of autism, he notes."
No news coverage.

Medical studies use poor statistical practices to promote vaccines.

Obamacare to pay for sex transplants.

Wild Cambodian rats are considered a health food.

Tax and Spend

Burger King hopes to leave the US for lower taxes in Canada by buying Tim Horton's.

Police State

Terrorist threat in context.
"Rep. Mike Rogers (R.-Mich.), the unintelligent chairman of the House Permanent Select Committee on Intelligence, said on NBC’s “Meet the Press” that ISIS is “one plane ticket away from U.S. shores.” Meanwhile, there have been 42 shootings in Chicago since Friday."
Not only that, but we spend tens of billions on intelligence. When ISIS fighters land here, arrest them. Spy on them instead of us.

Not too long ago, NSA claimed it didn't share its information with law enforcement agencies. Those agencies were supposedly unhappy. It was a lie. NSA has built a google-like search engine for other agencies to search its databases.
"The National Security Agency is secretly providing data to nearly two dozen U.S. government agencies with a “Google-like” search engine built to share more than 850 billion records about phone calls, emails, cellphone locations, and internet chats, according to classified documents obtained by The Intercept.
The documents provide the first definitive evidence that the NSA has for years made massive amounts of surveillance data directly accessible to domestic law enforcement agencies. Planning documents for ICREACH, as the search engine is called, cite the Federal Bureau of Investigation and the Drug Enforcement Administration as key participants."
The truth comes out. More.

Good cops get isolated and left to fend for themselves or kicked off the force.

Prosecutors gone wild are pressuring foreign banks to abandon the dollar.

Police have killed over 5,000 Americans since 9/11.

The advance of socialist policing has had a predictable effect.
"The killing of Michael Brown, an unarmed teenager, by Ferguson police is just one of countless stories we see daily in which police use overwhelming force against unarmed citizens. The police, in the aftermath, only receive raises and huge pensions. Indeed, year after year, the cost and scope of police forces grow higher and higher while the quality of service (the percentage of murders solved has dropped from 91 percent to 61 percent since 1963) continues to go down. "
More violence. More failure.

Government to track misinformation on Twitter.

War

Ukraine's coupmeisters claim Russian tanks entered Ukraine.
"Col. Andriy Lysenko, a spokesman for Ukraine’s National Security Council, told reporters that the column of 10 tanks, two armoured vehicles and two trucks crossed the border near Shcherbak and that the nearby city of Novoazovsk was shelled during the night from Russia. He said they were Russian military vehicles bearing the flags of the separatist Donetsk rebels."
Russia denies.

All this fearmongering about ISIS is an admission that the war on terror is a failure at making us safer.

Saudi Arabia beheads people as a matter of policy.
"Furthermore, on the same day Foley was allegedly being decapitated, 19 people in Saudi Arabia, a close US ally, were publicly beheaded for various crimes. One of the men was executed for witchcraft. There was no outcry at all over this medieval horror. Saudi Arabia is suspected of charging political opponents of the monarchy with drug offenses, which carry the penalty of beheading by a sword-wielding executioner. Not a peep about this in the US media trumpeting the Foley story."
But the Saudis sell oil denominated in dollars.
"Democracies should not allow themselves to be provoked by malefactors. But that’s just what ISIS members are now doing by mounting its video horror show. We must ask, why? Why are they trying to goad the US into broader and deeper military intervention into Iraq and Syria, where they live?
Could it be part of Osama bin Laden’s clearly expressed plan to drive the US out of the Mideast by luring it into a number of small wars, slowly bleeding the American colossus? So far, by invading Afghanistan, Iraq, Somalia, and parts of Pakistan, the US may have stumbled right into Osama’s carefully laid trap.
Or is the orchestrated outrage over Foley the media prelude to direct US intervention in Syria where the jihadists backed by Washington are losing. It’s all very confusing. In Iraq, ISIS are demon terrorists. But across the border in Syria, they are on our side, fighting against the “terrorist” regime of Basher Assad.
We are tripping over our terrorists. Osama must be smiling."
Once again US warmongers are on the same side as the terrorists.

UAE and Egypt attack Libyan militia.

Politics

After nominating a terrible candidate, Democrats are conceding the Ohio gubernatorial race to Kasich.

French government resigns over economic policies.

Propaganda now says, even though Republicans will likely win control of the Senate, they won't do it by much, so that's a defeat.

Local

Al Sharpton invited to politicize Beavercreek Walmart shooting at protest.

Another phony meeting regarding the bike trail by Austin Landing.

Global Warming and Energy

Glaciers forming in Scotland.
"This is how ice ages start – a buildup of snow which does not melt in the Summer, which leads to a positive feedback loop, as the growing ice sheet reflects more and more sunlight back into space."
Yikes.

After NOAA was busted for manipulating temperature data, now Australia's Met Office is busted for the same thing.

Weakest solar wind of the space age.

Greenland ice researcher unexpectedly discovered link between solar activity and climate change. He must have been an idiot for that to have been unexpected.

Global warming frauds forced to admit urban heat island effect, but of course they discount it.

Climate fraud wishes Americans suffer a lot of hurricane damage.

Here's another article pushing people to eat insects.

Because South Korea's coal plants are so efficient, exporting coal from the US to South Korea could cut green gas emissions by 21 percent. Wow.

Sunday, August 24, 2014

Misc

China plans to build a supersonic submarine.

Tax and Spend

Argentina not only defaults, it plans to reject the law under which it borrowed.
"Many also cast doubt on whether the plan is even feasible. One of the holdout hedge funds, Aurelius Capital Management, said Argentina’s leaders had “chosen to be outlaws” with the plan. New York Judge Thomas Griesa on Thursday said it was “illegal”, although he stopped short of declaring Buenos Aires in contempt of court, “for the moment”."
All governments are brigands.

Police State

Governments can track cell phones anywhere in the world.

Of course cops use police databases to screen women from dating sites. They use them to advance their personal interests.

Economy

TV ad buys drop for the first time since the recession. The article blames audiences moving online, but they've been doing that the whole time. This is sign of economic problems.

Politics

One case for Scottish independence advocates making Scotland a relatively free market haven like Hong Kong. That's a good start.
"There’s no reason (from a purely economic point of view) why Scotland cannot be a roaring success as an independent nation, as long as it embraces free markets, rejects state intervention and provides legal security. Unfortunately, the majority of Scottish voters view things very differently. They believe North Sea oil will be part of the independence settlement, and that oil and whisky revenue will pay for welfare and pensions. They hanker after increased socialisation of the means of production, providing an intellectual gloss for the unthinking majority that simply wants more for less."
Sounds unlikely.

Rand Paul calls Hillary a war hawk.

Federal Reserve

Fed officers know the economy hasn't been fixed.
"However, as we got closer and closer to the Fed’s target unemployment rate of 6.5% the more we have been hearing from Janet Yellen about “labor market imperfections.” She has changed her tune and instead of touting the decreases in the unemployment rate, she is talking about all the people working part-time when they would prefer to work full time and the decline in the labor participation rate. In truth the Fed did not fix the economy. In other words, she is searching for a justification to continue the money printing if the bubbles start leaking again."
Start leaking again? When did the stop?

War

History of ISIS is a history of US war in Iraq and Syria as it was born with the name Jama’at al Tawhid w’al Jihad when the US invaded Iraq in 2003.

I heard Charles Krauthammer claim Israel carries out the most surgical war of any country in the world, but Victor Davis Hansen likens the Israeli war in Gaza to Lincoln and Sherman's march of destruction through the south.

Criticism of Putin for imposing a food embargo on Russians.

Local

Dayton racino opens Thursday.

Some stupid bystander called 911 and told the dispatcher the man in the Beavercreek Walmart was trying to load a rifle that looked like an AR15although it was a pellet that looked nothing like an AR15, and that led to cops killing the man. That stupid see something, say something advice got this innocent man killed.
"Conversely, dispatchers advised officers a person, Ritchie, was monitoring the situation. Ritchie said later he was close as 50 feet away from Crawford, and said he moved up to get a closer view, even though that was “not a good idea, but it happened.”"
It doesn't sound like this guy thought the victim was a threat.
"On Tuesday, Michael Wright, the Dayton attorney retained by the Crawford family, saw part of Walmart’s in-store surveillance video footage provided by Ohio Attorney General Mike DeWine. DeWine and Wright have agreed they will not provide any descriptions of the events contained in the 6-minute surveillance video.
With Crawford’s father, Wright insisted that the footage demonstrates that Crawford posed no threat to anyone as he shopped inside Walmart."
That's obvious after the fact.
"“He (Crawford) was not doing anything wrong in the store,” Wright told this newspaper. “He wasn’t doing anything menacing. He wasn’t pointing the gun at folks and waving it around. He wasn’t loading it as previously indicated.”
Wright said Crawford was holding in one hand a cell phone and holding with the other hand the airgun rifle."
So the cops lied and the DDN has dutifully repeated the lies to influence the jury pool.
"The Beavercreek police dispatch center received a 911 call reporting a man “waving a rifle-type weapon at customers, including children,” according to police."
Why say "including children"? This 911 caller is suspicious.
"Ritchie, the first of five people to call 911 but the only one who called before the shooting, was on the phone with a police dispatcher as he and his wife, April, watched Crawford, and continued to follow him from a distance."
Neither her nor his wife acted as if the guy was a threat. The first thing a person scared of a guy with a rifle would do is get his wife to safety.
"Crawford was not pointing the rifle as if he were aiming it, but “waving” the device at passers-by, he said."
Not threatening.
"“I heard, ‘Put it down! Put it down!’” April Ritchie recalled. “I heard two shots after I saw him turn. He still had the weapon in his hand.”
“The gentleman decided to swing the rifle to the officer pointing at them,” Ronald Ritchie said this newspaper. “That’s when the officer shot him twice.”"
He should have put it down.
"But Crawfords parents and their attorney said the surveillance video shows the shooting was unjust.
“The surveillance video supported exactly what we believed to be true,” Wright said in a statement. “This video showed that absolutely this young man, John Crawford III, was killed without justification or cause.”
“I watched my son get murdered by law enforcement,” Crawford’s father said after watching the video.
The video does not show any police, nor does it show Crawford interacting with anyone, officers or shoppers, Wright said. It showed him looking at a shelf and talking on a cell phone.
“He was in a isolated location, standing by himself, not facing the direction of the officers,” Wright said. “The video really shows no interaction between him and the police officers.”
He said “ Crawford never approached the officers, never aimed the BB gun at them, or otherwise was aggressive in anyway. He was shot on sight.”
Asked what he saw in the video that might have led to officers shooting Crawford, Wright said, “That’s what we are wondering — why he was shot.”
“The video is going to show everything,” he said. “We are just waiting until that is released.”"
If the video exonerated the police, they would have released it already.
"On Wednesday, Darkow returns to police duty, while Williams remained on administrative leave, according to Stephen McHugh, Beavercreek’s city attorney."
Paid vacation.

More chaos for Huber Heights's music boondoggle.
"More than $1.25 million in VIP area and concession stand upgrades to Huber Heights’ $18 million music center remains on the table, and it’s unclear when — if at all — the city will move forward with the additional costs.
The projects remain in limbo after it was revealed last week in the Administration Committee that a pair of music center change orders approved earlier this year set the stage for these additional costs, but staff did not communicate that information to council at the time.
The two change orders totaling $323,751 impacting the two main concession stands and the VIP concession stand were approved in May and June of this year.
That dollar amount was taken from the contingency fund, which is part of the music center’s $18 million budget, city officials said."
What a joke. The fix was already in, and now they're pretending it wasn't.

Butler Country order striking family services workers to cease and desist.

Lebanon auto supply company locks out union workers.

Saturday, August 23, 2014

Foreign Policy

Western tyrants pressured 200 trucks carrying aid supplies to Ukraine to return to Russia, giving Russia another publicity coup. This is stupid. Putin looks like a genius next to Obama.

Police State

Stooge Obama answering to his handlers is "reviewing" military equipment sent to police forces. I'm not joking.

Friday, August 22, 2014

Federal Reserve

After default, Argentine peso falls to record low.

Yellen vows to keep rates near zero despite inflation.

Economy

The myth of the wealth effect.
"Will increased consumer spending improve the economy? On one side of the argument, we have the aggregate individual conclusions of hundreds of millions of economic actors, each acting in their own best interest. These individuals and businesses are attempting to reduce consumer spending and increase savings.
Dissenting from their views are the seven members of the Board of Governors of the Federal Reserve. Each member believes in the paradox of thrift — the belief that increased savings, while beneficial for any particular economic actor, have deleterious effects for the economy as a whole. The paradox of thrift can essentially be described as such: decreased consumer spending lowers aggregate demand which reduces employment levels which negatively affects consumption which in turn lowers aggregate demand. The paradox predicts an economic death spiral from diminished demand. And mainstream economists believe we were (and potentially are) mired in such a spiral. As noted econo-sadist Paul Krugman noted in 2009: “we won’t always face the paradox of thrift. But right now it’s very, very real.”"
The paradox of baloney.
"The inverse of this “reality” predicts flourishing economic prosperity when a society increases its consumer spending. But history suggests the opposite: it is higher savings rates which lead to economic prosperity. Examine any economic success story such as modern China, nineteenth century America, or post-World War II Japan and South Korea: did their economic rise derive from unbridled consumption, or strict frugality? The answer is self-evident: it is the savings from the curtailment of consumption, combined with minimal government involvement in economic affairs, which generates economic growth."
Consumption is the destruction of wealth, so this should be obvious. If you consume an apple, you own one less apple. Of course, I didn't always find it obvious.