While drinking coffee this morning, I watched the news. What a mistake. Further evidence was beamed straight into my home that Obama is an insane African dictator–operating in OUR White House. Now a Harvard study supports the argument he’s been pushing: to teach us peasants how to behave properly and obey Al Gore, gasoline must cost $7 a gallon. Hey, that wouldn’t hurt the US economy, would it? Gas at $4/gallon crippled the economy and sent food prices (shipping costs) spiraling. If we more than double the price of gas, shucks, that won’t cause the least trouble. Here is the story on the need for $7/gallon gasoline in the Red Diaper Baby Gazette, also known as the New York Times.This is another means of imposing a “carbon tax,” which is cap and trade. These measures will castrate the US economy and ruin any hope of a recovery.
You think adding $3-4 in tax to every gallon of gas will help pay for, oh, health care to the unproductive class?
The Joker is insane. He has no intention of listening to anything we have to say. He is mistakenly convinced he’s smarter than everyone else, and he can completely restructure the biggest and until recently the most dynamic economy in the world from the top down. That’s called dictatorship.

The Joker now wants a simple up-or-down vote on the healthcare plan that was drafted in secret–no CSPAN transparency, of course. President Joker put on his nonsense healthcare summit and then announced there would be no more discussion with Republicans because it was obvious that Republicans with cojones had completely different concepts to offer. I guess the Joker didn’t like what non-Marxists had to say. He has summarily dismissed any of the free market ideas that have been offered.
What a joke. Listen to this video. Basically, he’s saying “I listened to you and I am ignoring you.” Could this clown be any more arrogant? And coming from me, a truly arrogant bastard, that’s something. The Joker is insufferable. The DMV of Healthcare.
This morning, I saw a news clip of the Joker stating, and I paraphrase here, “Republicans think the answer on healthcare is to start over. Well, the insurance companies are not starting over.” In other words, I’m a dictator and I will ram this through without the consent of the people. About 44-45 percent of the country supposedly supports this plan. They comprise the unproductive and useless portion of the economy and useless portion of the population, which has been allowed to grow far too large. Government workers and welfare recipients. Oh, wait. Those are the same thing, aren’t they? Toss in the Joker’s union pals at SEIU, AFL-CIO, UAW, and the teacher’s unions, and you have the problem. Tell them to move to Canada.
The productive class is going to revolt against this. We’ve had enough with the deadbeats who think they’re owed a beer, a free color TV, a pitcher of “dat purple drink,” and a sofa so they can watch Oprah in comfort every afternoon while the rest of us work.
He is flat lying to us. He is pushing the takeover of the healthcare industry. This will lead to single-payer.
A point that Mr White will make? Europe could afford this type of nonsense welfare state for some decades because the US provided air cover. We defended them from the Rooskies. We gave them generous access to our markets so they could rebuild and prosper after WW II. You think every Mercedes in Germany is as luxed-up as the ones sold here? I think not. They’re taxi cabs. We made the Europeans rich. Yet even they couldn’t make socialism work because they were forced to import millions of Muslims to assemble their Peugeots and sweep their streets. Now the Europeans are going bankrupt, they are infested with Muslims who breed like rats, and they will soon be swamped unless they grow spines and take action. If we remove our military protection, they’ll be destroyed in a day.
President Joker must be removed from office. He intends to ruin the nation. He is making it clear that destroying the productive sector of the population is his goal.
You know my plaint:
- Reform the Republican Party
- Retake Congress
- Impeach this bony Kenyan liar
- If we can retake the senate, remove the Joker from office, then ship him to Cuba, Angola or Kenya
- If it can be arranged, tar and feathers for Pelosi, Reid, Raumie, Axelrod and all the other red diaper babies who have infested the White House. They are psychotics.
Mr White is currently working on a more carefully crafted piece on this topic. I’m merely venting. Can’t I just have my country back? No? I’m gonna have to fight for it? OK. We’re coming.
Mr. Camo found this video. Just when you think it’s safe to turn your backs on these scumball politicians, you’re reminded that you can’t. Sorry to all those Republican apologists like Hannity and Levin. Based on this video, there’s not a dime’s worth of difference between Republicans and Democrats. They’re all part of the same criminal conspiracy.
Yeah, I’m excited about Meg Whitman for governor. Really, I swear. Good God, she’s such a space cadet Silicon Valley wench. She’s into Van Jones, and she “believes” in climate change and cap and trade. I use the term “believe” because global warming is nothing more than eco-paganism. Enjoy the video. And thanks, Mr. Camo, for finding this video. Now go shoot a few ducks, or maybe a five-point buck.
Here’s old Meg chatting about Van Jones, the communist black racist who should be deported to Angola. Remember Van Jones for 2009? Can your mind reach back that far? Glenn Beck’s efforts to expose this creep are to be lauded. Beck is faking it half the time, learning as he goes along, but for his efforts to out the rat Marxists around President Joker, I am thankful.
Read this bit about EPA regulation of carbon emissions in the Washington Post, written by this schmuck, Ezra Klein. Marxists will NOT drop their twisted ideas. They will mutate the ideas, change the pathway and try to force another form of carbon taxation down our throats. Now they want the EPA to take unilateral action through regulation.
These people are insane, and clearly wish to rule, not govern. They want control, they want our money, they want to punish Americans. I take great delight joking about the deportation of Marxists to Cuba. Considering the plan this jerk Klein is forwarding in the Washington Post, deportation might be the only answer. They’re bent on ruining the country while enriching themselves.
A fellow wrote in, contending he was a lifelong conservative Republican, taking exception to my comments about Cindy McCain. This is my rebuttal.
Sir, if you were really a conservative, you wouldn’t have taken much exception to my comments about Cindy McCain and her idiotic, misguided daughter, who should join the Marxist Party.
Having just completed a fine meal with ingredients from Bristol Farms here in California, including a bottle of Central Coast Pinot Noir, I’m in the mood to deal with you. Let ‘er rip.
First, sir, you’re a fraud. You’re like those “seminar callers” who call into Sean Hannity or Limbaugh, having been coached how to lie your way past the screeners. You’re not a conservative or a Republican. Hence all your slander.
You said this:
“I’m very disappointed! I’m a lifelong, conservative Republican… and when told about your site and told that your purpose was to defend the Constitution, I was very interested. Yet, when I first visit your website, what do I see? You start by calling Cindy McCain “demented” because you don’t agree with her?”
Oh, please. To repeat, you’re a fraud. I can’t think of too many conservatives in the Carolinas who would agree with your nonsense.
And yes, I consider Cindy McCain “demented.” Homo-sexuals should not be granted special rights and protections in our society, as you contend, as a “conservative Republican.” They don’t need to be “married.” The “gay marriage” movement is just another attack on what’s normal. Give it up, dude. The Marxists in our society have been chipping away for more than a half-century, pushing us to the point that people say, “Ah, gee, they’re OK. Just because they want to have perverse, unnatural sex acts with members of their own gender, we shouldn’t conclude that they are mentally ill.” Well, they are mentally ill. Any guy who’d rather roll around with another guy than be with a woman is mentally ill.
Next, our “seminar blogger” said this: “Reading further, I see you use the word “hate” when referring to “green people.”
Oh, now I have you, buddy boy. I grew up hiking the Muir Trail. I’ve climbed Half Dome in Yosemite. I’ve bathed my carcass in Dorst Creek, the most remote corner of Sequoia. I’ve seen the General Sherman tree more than a few times. I’ve backpacked for weeks on end through the Mammoth Lakes region, taking care to hang my water bag from a tree branch far from the Alpine lakes there, so that the soap from my “shower,” which does not readily break down, does not seep into the pristine lakes, to poison the water. I’ve been to Zion, been to Four Corners.
I believe that Man should be a good steward of the land, and point to organizations like Ducks Unlimited as proper stewards of the land.
Also, I do think many “Greens” are lunatics, and am unapologetic. They “spike” trees so that when the chain saws of loggers hit the metal spikes embedded in the trees, the chains disintegrate, potentially harming the logger. That is attempted murder, pal. I think Berkeley dropouts who have legally changed their names to “Moonbeam” and “Star Chaser” who want to camp in the tops of trees to prevent them from being cut down are eco-terrorists. They belong in mental institutes, or at the least should be forcibly removed from the trees, loaded on buses and shipped someplace else.
Also, I have been to Yellowstone. It was “Greens” who suggested it was “natural” to let the forests burn to the ground some years ago, ignoring the fact that Native Americans had groomed the forests for centuries and kept them healthy. But psycho “Greens” from Berkeley and elsewhere argued that the forests should simply burn. It was “Greens” who ruined one of the last ancient forests on the face of the earth, not loggers. It was “Greens” who did it.
Oh, and the reason we have so many horrible wildfires in the west now? Ah, “Greens” will not allow controlled burns to remove the needles and other dead vegetative matter on the floors of the forests, creating giant tinderboxes.
So, yes, I dislike the extremists of the Green movement. They do not love the earth as they say. They hate Man. Why else would so many “Greens” contend that only 500,000,000 humans should be allowed to live on earth? I was once a member of the Sierra Club, until I saw it taken over by psychotics who hate Mankind.
Cap and trade is theft masquerading as “Green” politics. It is theft, and Al Gore and his gang of criminal banker friends at Kleiner Perkins who want to rape the American people for hundreds of billions of dollars via the “cap and trade” system. Al Gore should be locked up for the lies he has told. Not an Inconvenient Truth, but instead intolerable lies. That is what Al Gore has peddled. Al Gore should be put in prison for his actions, and his lies.
As a grown man who spent so many happy summer days of his childhood running through redwood forests (both Giants and coastal redwoods and, yes, as a good son of California I know the difference), I love and respect the natural beauty America possesses. We are blessed.
I don’t think we should build condos in Zion.
But I also don’t think that the Big Valley farmers of California should be driven into a modern Dust Bowl because some homo-sexual Greenie from Berkeley wants to save the Snail Darter or whatever other sardine-sized fish might be in peril due to the California Aqueduct. No, I think water should be channeled into the Great Valley so we can all benefit from this great agricultural basket, which produces much of this country’s fresh vegetables and fruits.
And yes, I despise “Greens” who wish to save a stupid little fish while destroying the richest farmland on the planet. I say that miserable little fish can die. I say the Smelt Minnow should be used for cat food, or bait. Or it can be moved to some pond where it can lay its eggs and go on. But a weird little fish that lives in one portion of one river is NOT more valuable than the fruits, vegetables, poultry, beef, and eggs that can be produced in the Big Valley.
You then accuse us of not defending the First Amendment. Huh? I think you, sir, are the one who would not defend it. You make this provocative statement, a typical leftist comment, one so often surfaced when Americans confront YOUR agenda. And enjoy the diversity czar in the video below. You said:
“If you wish to defend the Constitution… then it MUST begin with a full and complete respect for the entirety of the 1st Amendment… not just part of it as the liberals do! Otherwise, you might as well order a bunch of white sheets!”
Dude, you’ve watched way too many Hollywood movies starring Matt “Nozzlehead” Damon and George “Sweet Cheeks” Clooney, both of whom are Howard Zinn Marxists. Matt Damon, Sean Penn and George Clooney should be shipped off to Cuba. Jack asses.
Buddy boy, I don’t think you’re a conservative, and I doubt you ever wore a uniform. You wish to deny MY rights to free speech, don’t you? Because you don’t like what I say. We’re running a little blog, a half-dozen small businessmen who are royally PO’d about President Joker and all the Marxist claptrap he pushes. YOU have CBS, NBC, ABC, MSNBC, and CNN to spout your well-crafted lies. Hell, when I look at Campbell Brown, I almost want to believe her lies because she’s so hot. Ah, but I don’t.
So who is it hoping to squelched free speech? I’d say it’s you, sir. And Mark Lloyd, the “diversity czar” for President Joker. They want to tax private news services out of existence and replace them with Pravda. On that front, man, you can really go to hell. NPR? PBS? What a bunch of candy-ass lies they peddle.
And let me tell you this: If you’re a “lifelong conservative Republican” from the Carolinas, then Mr Camo is a lousy shot with a Sig .300 Win Mag, and Mr. Blonde can’t hit the broad side of a barn with a .45. You, sir, are totally full of it. You are a liar, and a fraud. Who knew? Seminar bloggers. What a joke. And the likes of you will lash out in nasty fashion now because we’ve got you on the run, and (in my imagination) with Mr Camo sniping at your left flank, and Mr Red sniping at your right flank while Mr Blonde and I chase you with our .45s, well, you’re not gonna make it to the next election. We’re going to take over, and impeach the Joker. The Joker and Michelle need to be carted off to Cuba. They are a disgrace.
The problem coming for you Marxist liars? Obama and Raum Emanuel and the vermin like Janeane Garofalo? It’s us. We are seriously PO’d about what the left is doing to this country. You’ve been telling lies and insults to the wrong bunch of people. And we’re going to tear you to the ground.
We are Sons of Liberty, and we don’t like the potential of enslavement on offer from President Joker and Raumie and the rest. Cap and trade is a form of enslavement. You want to make American mostly energy independent? We can show you how.
- Drill for oil in ANWR and offshore.
- Take out Hugo Chavez, put in a proper government and make sure all the Citgo oil comes here, good and cheap.
- Chase the thieving Chinamen out of the Caribbean. It’s our lake and our oil.
- Chase the Chinamen out of the oil finds off the coast of Brazil. The ant hill of China can go to hell, and if we starve it for energy, it will fall into a revolt that sweeps out the commies. Time to play hard ball.
- Tap natural gas to create CNG to power our buses, delivery trucks, and taxis.
- Develop Clean Diesel engines (they’re already on the shelf in Detroit) and put those into all the compact, mid-size and full-size pickups and SUVs.
- Build nuclear plants to generate loads of cheap electricity, or make a deal with the French Canadiens to build more hydro-electric damns in northern Quebec and flood the grid with huge amounts of juice.
You take those steps, and the US will be independent, mostly. We WILL NOT ACCEPT punishment and enslavement at the hands of Al Gore when the US is the MOST EFFICIENT country on earth. We punch way above our weight. So, please, go to hell, pal.
Oddly enough, so-called “health care reform” is another form of enslavement we WILL NOT ACCEPT. As proposed by Nancy Pelosi, Harry Reid, and the Joker, “health care reform” deprives free men and women of their rights, seizes control of private enterprise, and dictates who can and cannot have health care. Sorry, but letting the Joker pick my doctor? That’s a form of enslavement. Letting Nancy Pelosi decide that I am too old and thus not worth a costly surgery that might give me five, ten, or fifty years of productive life? Go to hell, Pelosi Galore.Look at all the innovations in medicine in the past 10, 20 even 30 years. My grandparents would have considered these true miracles. And they are.
The US health care system has many problems, but they can be resolved with a few simple moves:
- Changes in laws governing interstate commerce for insurance companies, thus allowing competition to drive down or at least slow teh rise of prices.
- Expansion of COBRA so people who have changed or lost jobs can have COBRA for a longer period of time.
- Expansion of the maximum pre-tax contributions to be made to health savings accounts (HSA), and make these account transferable upon the death of the person making the contributions.
- Pass legislation that outlaws discrimination against people with pre-existing conditions, so long as those folks understand that all the rest of us paying premiums don’t want to carry them for free.
- Legislation to make health care portable, so people are not stuck in jobs out of fear of losing health care coverage.
The problem with jokers like you is simple: you use our freedoms to attack us, but think we should be muzzled when we fight back. Pal, you got another thing coming, because We The People and the Sons of Liberty are fighting back. We’re going to take Congress, and impeach President Joker. Hopefully we can retake Congress and remove him from office, and ship his sorry hide to Cuba, where it belongs. Or perhaps to Kenya.
My last words to you, Buckwheat? You are a liar and a fraud. Go to hell.
And I had such a pleasant feeling from that Pinot Noir. Ah, well. I guess I need another glass before bed time. Yeah, that will help.
Oh, another fine bit of news about our refined Democrat senators. The GOP wanted to hold up a defense bill in order to slow down the attack on our healthcare system. Well, Harry Reid, the whorehouse lawyer from Spotlight, Nevada (a town known primarily for its whorehouses), knocked the legs out, and the criminal Democrat senators went along with it. Read about it here at the Washington Post.
Nothing is going to stop this gang of criminals. A republic is always a lively place, where people are allowed to express opinions. The Sally Hemings nonsense about Tom Jefferson was a smear campaign launched in a presidential election. So nothing new about rough politics in our republic. But in the past, both sides wanted the best for America. Now, the Democrats want to break America from within and the Republicans seem willing to play Stepin Fetchit so long as they get their cut of the proceeds.
Remember the warning about the multi-pronged attack, and diversionary tactics. The media will make sure there is always some moronic story to distract us, like Tiger Woods or the death of Michael Jackson. OK, one was a black guy who wanted to be a white woman, and he loved to rape young boys. The other is a black guy (he calls himself Caublanasian) who wants to be a white man and buy white women. Neither story is terribly entertaining. The world is a better place without the first, and the world will be a better place if Tiger disappears. But the media hypes such stories to entertain, take your mind off the actual assault.
Harry Reid is determined to ram through a healthcare bill. Once through a senate vote, the Democrat senators and congressmen will rewrite the entire bill behind closed doors (sorta like they’re doing now), and put back in all the pieces they are taking out.
The Democrats are hitting the wall on healthcare, so they need to tire us out. Damn, we just have too much fight in us. So they are also getting us jacked up about amnesty for 15-20 million Stone Age Indians who will then vote Democrat and ensure the virtual enslavement of the productive, hard-working component of the US population. How much more expensive do you think healthcare will be if we take in 20 million poor people? Uh huh. And they’re stepping up the battle on cap and trade with this Copenhagen BS, again to wear you down.
So remember, the Marxist attacks from several directions to create fear, panic, and fatigue. This is how they cause collapse from within. Their goal is to completely exhaust Real America, then burn us to the ground.
We found this at American Solutions.Read this piece and you’ll recognize Barbara Boxer for the thieving Marxist bully she truly is. The woman is a disgrace to the Senate and the United States.
BEGINS:
By Steve Everley
http://www.americansolutions.com/cgi-bin/mt/mt-cp.cgi?__mode=view&id=104
While the cap and trade bill remains stalled in the Senate until 2010, the next front in “Stop the Energy Tax” is the Environmental Protection Agency’s push for a power grab of staggering proportions.
Today the EPA issued its official endangerment finding <http://www.chron.com/disp/story.mpl/ap/top/all/6757482.html> on greenhouse gases (GHGs) including carbon dioxide. The EPA stated that GHGs “threaten the public health and welfare of the American people.”
With the Senate focused now on a “jobs bill” (proof that cap and trade would not create jobs as its supporters claim), the EPA is taking matters into its own hands. The endangerment finding paves a clear path toward the Obama administration implementing a bureaucratic clamp-down on carbon emissions.
Ironically, this type of power grab, which is wholly undemocratic, was actually endorsed by Senator Barbara Boxer, one of the co-authors of the Senate cap and trade bill. Earlier this year she said <http://www.msnbc.msn.com/id/30264214/> :
“If Congress does not act to pass legislation, then I will call on EPA to take all steps authorized by law to protect our families.”
And what would EPA do exactly? The Obama administration has suggested <http://www.americansolutions.com/energytax/2009/10/obama-admin-may-impose-cap-and-trade-even-if-it-fails-in-the-senate.php> that, if the Senate fails to pass the cap and trade energy tax, the EPA would implement its own cap and trade system.
In other words, if enough people oppose a devastating energy tax, Boxer plans to lobby the EPA to create the same system, but this time without any of those pesky voters to get in the way.
Translation: My way or the highway… which is also my way.
This end-run around representative government is a dangerous precedent, and the fact that it is being used ideologically to achieve a job-killing control measure like cap and trade should raise serious concerns for all American taxpayers.
But the EPA’s refusal to accept the merits of representative government doesn’t end there.
The power to regulate GHGs comes from the Clean Air Act, according to the 2007 Supreme Court case Massachusetts v. EPA. But if the EPA actually complied with the CAA, it would have to regulate virtually every emitter of CO2 in the country, including small businesses and even things like lawnmowers and certain power tools.
The EPA is working around this problem with yet another undemocratic tactic, this time unilaterally rewriting the Clean Air Act with a “tailoring rule <http://www.epa.gov/NSR/fs20090930action.html> .” The new rule would allow the EPA only to regulate entities emitting more than 25,000 tons of GHGs per year, although they supposedly plan to revise that threshold after five years.
But the only way to legally change the Clean Air Act is with legislative action from Congress. So if the EPA follows its own tailoring rule it will actually be breaking the law, paving the way for numerous future lawsuits.
What all of this shows is that the EPA, in its relentless pursuit of more control, is wholly unfit to be an impartial adjudicator in any proposal to regulate carbon. Were that agency truly interested in protecting the environment, then it would not ignore its own recommendations <http://www.americansolutions.com/energytax/2009/10/epa-ignores-own-preferences-and-moves-to-regulate-co2.php> on how to regulate carbon and might actually listen to its own lawyers <http://www.americansolutions.com/energytax/2009/11/epa-tries-to-suppress-dissent-again.php> that argue against cap and trade.
Throughout the entire energy tax debate, the Obama administration and Congress have been guided by politics over prudence. Ignoring numerous reports showing that cap and trade would destroy jobs and raise energy prices, Beltway bureaucrats and politicians have claimed that new energy taxes would miraculously create jobs and decrease electricity prices. Wanting to appease their far left allies, they have ignored taxpayers and even declared publicly that what most Americans want isn’t important.
And don’t think the EPA’s endangerment finding being issued today was not its own form of political calculus: Today marks the beginning of the Copenhagen climate summit, where Obama wants to show American “leadership” on regulating carbon dioxide.
The Australians vote down cap and trade. We should, too. If you have time, read this story.
Another article from the Washington Post, this one about his lack of achievement on his Chinese trip. I’m a bit stunned that the Washington Post is pointing out how little President Joker has achieved. What a shock. The Washington Post is not pimping for the Joker? I have seen such mildly negative reporting on other venues that normally slobber all over the Joker’s lap. I watch a sampling of news services in the course of a week. I watch ABC news several times a week, but also the World Focus that runs on public television (it seemed to replace the BBC International on PBS). Also, CNBC in the morning to get the latest economic news, then a dose of Fox because Mr. Blonde wants me to understand what he’s so angry about. When I feel the need for a blood pressure spike, I listen to NPR while driving. Nothing like listening to Paula Poundstone holding court.
In all forums, there was a clear message this week: the Chinese don’t take Obama seriously, they see the current state of affairs as a chance to urinate on America’s leg, and they’re not going to accept any criticism of their social order. China is a dictatorship, run by a gang of senior Communist Party officials. These people are not our friends. They’re loaning out the Chinese ant hill to Wal-Mart and reaping massive profits which they use to develop their military and buy up the United States.
When Obama spoke to a group of (carefully selected) students, his “town hall” was blocked out and not shown on the website the Chinese said it would appear on. In other words, Joker was extolling the virtues of a free and open Internet while the Chinese made sure his presentation never appeared anyplace the Chinese people could see it. Funny, but the Google people are willing to provide information on Americans to te Joker, and the Joker is plotting means of taxing media and attacking the strongest voices. Odd, huh? The Joker praises an open Internet to the Chinese, but wants to throttle free speech in America.
The Joker got nothing on carbon reductions. The Chinese and Indians and others have no intention of NOT polluting the world as much as they please. China is a giant ant hill, and they will produce and pollute without restraint. The Chinese dictators need to generate millions of new jobs every year just to keep the population from revolting. They have no respect for Western Man’s concerns about the health of the planet. (I think global warming is bunk, but I do think unfettered polluting will kill the oceans and kill us over time. I think this is primarily driven by overpopulation, of which the Chinese and Indians are the leading culprits. The world doesn’t need either of those ant hills.)
Scroll down this blog and you’ll see a great post about Obama as a failed president, by Geoffrey Hunt. Mr. Deep Blue sent it along. Thus far, Obama is a failed president. But let’s keep in mind he has two knives to the throat of the nation: cap and trade was passed by the Congress, and so has health care. Cap and trade will guarantee all industry leaves the United States for the ant hills of Asia. And health care will bankrupt the country, and ruin the greatest medical system ever created, a system that has delivered what previous generations would have considered miracles.
President Joker, even if you get what you want, you are an unmitigated disaster and a complete failure.
A recent e-mail from the folks at the Financial Times included a link to their coverage of the George Soros Lecture Series at the Central European University in Budapest, Hungary. As an aside it should be noted that Soros was born there on August 12, 1930 as György Schwartz, the family changing its name to Soros as anti-Semitism rose along with fascism in Europe. Soros also is one of the few native-speaking Esperanto speakers in the world. Esperanto is a “constructed international auxiliary language” created in 1887 to serve as a universal language designed to foster peace and understanding among all nations. Yeah, how’s that working?
Anyway, the lectures cover the recent market collapse, how it is indicative of a collapse of the current capitalist system, the need for a new international monetary system, the conflicts between society and markets and how to accomplish this. Soros has long been a proponent of the idea that a “superbubble” built up in the world economy since 1983, and that the 2008 global financial crisis was the result of its deflation. Adamant that the financial system is on life support provided through government deficit financing, he suggests a number of things have to be done to fix the system.
These include:
- Re-regulating the banking system by reintroducing margin and capital requirements to prevent asset bubbles.
- Regulating the compensation of the officers of banks that are regulated, thus pushing risk takers out of banks and into hedge funds where risk is taken with their own money.
- Establishing a new currency system that more widely uses Special Drawing Rights (A form of “paper gold” credits backed by a market basket of currencies from International Monetary Fund members. Countries with a balance of trade surplus can draw upon these credits with countries that have balance of trade deficits.)
- Bringing China into the “New Financial World Order” so it coordinates its policies with the rest of the world, floats its currency higher and does not enter into more bilateral valuation agreements with trading partners.
- Back the U.S. Dollar away from its current position as the world’s reserve currency by replacing it with SDRs. This, he says, will remove the pressure that has built up over the past 25 years for the U.S. to run a current accounts deficit the rest of the world is tiring of underwriting.
- Accept the inevitable decline in the dollar as the U.S. becomes a drag on the world economy.
- Shrink the Federal Reserve balance sheet as lending by banks restarts to reduce the likelihood of rampant inflation as too much money chases too few goods.
Some of this makes sense. A lot of sense. The world economic system has been unhinged from any form of economic reality since the U.S. went off the gold standard with the collapse of the Bretton Woods Agreement. Tying the major global currencies together so that they are exchanged at a set rate not only forces cooperation among trading partners, it helps extinguish inflationary pressures and curbs currency speculation – a specialty of Soros’ back in his days as the head of the Quantum Fund – while adding a level of stability to world markets. However, this scheme needs to be regulated by a countervailing market basket of commodities and precious metals if monetary growth targets are to have any teeth. Much of what Soros decries as an asset superbubble can be directly attributed to a focus on money supply alone.
Again Soros, I think, is correct that the banks and financial institutions need to be re-regulated. Repeal of the Glass-Steagall Act in the early 1990s helped set the stage for the meltdown last year. This act kept investment firms out of banking and vice versa, thus reducing the risk each institution was exposed to. As an adjunct, Soros recommends greatly reducing the leverage these institutions can legally use so that they are not underwriting loans or market positions for cents on the dollar.
Watching the videos supplied by the Financial Times, it’s easy to get sucked into thinking that Mr. Soros is a kindly old grandfather type, an academic and a person for whom freedom, stability and growth are of great importance. Then you remember these things:
- On September 16, 1992, Soros’ Quantum Fund sold short $10 billion worth of British Pound notes, earning an estimated $1.1 billion when the Bank of England devalued the British Pound.
- He was convicted by French courts of insider trading when he declined to participate in a takeover of the French bank Sociètè Gènèrale, but bought shares in the company before the takeover began.
- His support for the Open Society movement, on its face, appears harmless, especially in its stated belief that this is a non-authoritarian society with political freedoms and human rights at its foundation. However, an open society acknowledges that all knowledge is fallible and that society must be open to other points of view. Though similar to the idea behind religious pluralism, it also is the foundation of political correctness (cultural pluralism gone mad) and the overthrow of dominant religious and cultural norms (e.g. anti-abortion laws, gay marriage bans).
- The Open Society Institute he supports gave the Lynne Stewart Defense Committee $20,000. She was the lawyer defending alleged terrorists in U.S. courts sentenced to more than two years in jail for “providing material support for a terrorist conspiracy”.
- He gave $3 million to the Center for American Progress, $5 million to MoveOn.org and $10 million to America Coming Together in order to defeat President Bush in 2004. According to the Center for Responsive Politics, Soros – who hadn’t been much of a political contributor up till then – gave nearly $24 million to various tax-exempt 527 groups to defeat the president.
- Soros and supporters funded the Democracy Alliance that supports the goals of the Democrat party, and has given soft money to a number of 527 organizations despite support the McCain-Feingold Act. He says these contributions aren’t as corrupting as direct donations to candidates.
- He promotes global efforts to reform national drug policies, specifically the decriminalization of possessing small amounts of marijuana. Soros himself does not think marijuana is not as addictive as alcohol, but shouldn’t be used by children or students as it impairs memory. He used to smoke it himself.
I could go on, stopping to include the things Soros has done to lessen hunger in Africa, promote democracy in the former Soviet Union, etc. However, it would be of no value. For the enigma of George Soros is best summed up in his support of a U.S. political party that has as its goals control of the medical system (nationalized health care), control of the productive sector (Cap-and-Trade), the decline of U.S. power around the world, crony capitalism (Barney Frank and Fannie Mae and Freddie Mac), higher taxation (see previous), and a radical decline in personal freedom and responsibility. A good deal of what Soros says about reforming the financial system is true, but the devil is in the details. And the devil in this instance is a close, personal friend of George Soros.
Mr. Red sent this along.
So now I’m a racist, huh? Anyone who disagrees with Obama’s now a racist.
By that logic:
- I would approve of the irresponsible federal “stimulus” spending only if Obama were white.
- I would approve of the cap and tax bill only if Obama were white.
- I would approve of the closing of Gitmo only if Obama were white.
- I would approve of the take over of the auto business only if Obama were white.
- I would approve of the Union handover and handouts only if Obama were white.
- I would approve of the willful destruction of good used cars just for the sake of union jobs only if Obama were white.
- I would approve of the socialist takeover of health care only if Obama were white.
Get the picture? Sure folks, I would agree with ALL of this only if Obama were white.
The simple truth is, we don’t agree with any of this because it’s Marxist, anti-American and dangerous. What kind of dope do these people on MSNBC smoke? And Jimmy Carter? We despised you when you were president. Go back to building homes for poor people. That’s one useful thing you’ve done, Jimmy–and it’s private charity.
Who do these politicians and MSNBC dweebs think they’re talking to? We’re Americans, and we not sensible, pragmatic solutions, not academic theories. Solve the problem, don’t overturn our entire society in search of “social justice” and a “green” future.







