Seek the LORD while He may be found, Call upon Him while He is near.
Let the wicked forsake his way, And the unrighteous man his thoughts;
Let him return to the LORD, And He will have mercy on him; And to our God,
For He will abundantly pardon.
Isa 55:6,7
Sunday, December 20, 2009
Tamiflu Fraud
Yet another example of using science (so called) to propagandize. Just as they are doing in the global warming scam, so they are doing in the Swine Flu/H1N1 hoax.Read for yourself
Tuesday, December 1, 2009
The case against military tribunals
"It's a violation of the Constitution to use the panels without a declaration of war -- and just calling it a 'war' on terror doesn't count." Andrew P. Napolitano
I recommend that anyone who gives a whit about our maintaining our freedom should read this article. Here's the link
Sunday, November 29, 2009
Hyperinflation
Sometimes facing the truth is difficult, but it is almost always the best thing to do. Here is a website with more information about the coming hyperinflation. Americans are being setup as sheep to be slaughtered. Are you a Debt slave?
Saturday, November 28, 2009
Are you feeling warmer yet?
Study by New Zealand Climate Science Coalition
There have been strident claims that New Zealand is warming. The Inter-governmental Panel on Climate Change (IPCC), among other organisations and scientists, allege that, along with the rest of the world, we have been heating up for over 100 years.
But now, a simple check of publicly-available information proves these claims wrong. In fact, New Zealand’s temperature has been remarkably stable for a century and a half. So what’s going on?
New Zealand’s National Institute of Water & Atmospheric Research (NIWA) is responsible for New Zealand’s National Climate Database. This database, available online, holds all New Zealand’s climate data, including temperature readings, since the 1850s. Anybody can go and get the data for free. That’s what we did, and we made our own graph. Before we see that, let’s look at the official temperature record.
Continue reading?
Related reading -- Credibility of Climate science
There have been strident claims that New Zealand is warming. The Inter-governmental Panel on Climate Change (IPCC), among other organisations and scientists, allege that, along with the rest of the world, we have been heating up for over 100 years.
But now, a simple check of publicly-available information proves these claims wrong. In fact, New Zealand’s temperature has been remarkably stable for a century and a half. So what’s going on?
New Zealand’s National Institute of Water & Atmospheric Research (NIWA) is responsible for New Zealand’s National Climate Database. This database, available online, holds all New Zealand’s climate data, including temperature readings, since the 1850s. Anybody can go and get the data for free. That’s what we did, and we made our own graph. Before we see that, let’s look at the official temperature record.
Continue reading?
Related reading -- Credibility of Climate science
Chinese Court Coins New Term: ‘Temporary Rape'
A court in China coined a new legal term when punishing two policemen last month, saying they were guilty of the “temporary rape” of a high school graduate; they were given lenient sentences because of the pronouncement.
The two policemen took two high school graduates, who had just completed their college entrance exams, out to eat and drink on June 19. They all drank a lot, and one of the students, Ms. Chen became heavily drunk, as told in a China News Service article of Oct. 29. The policemen took her to a hotel under the pretext of “helping her to come to,” but then raped her while she was passed out.
The police later turned themselves in, and were put before a court. The Nanxun District Court of Huzhou County, Zhejiang Province, said in its verdict that the two police committed the crime of rape, but issued a light sentence of three years imprisonment, saying that they had “committed a temporary and on-the-spot crime, without premeditation,” according to Chinese state media. Read entire article
My opinion: This needs to be widely condemned, but who has the moral authority to speak these days? We murder the unborn and call it 'free choice'. How shameful!
Read about China's coercive family planning, forced abortion and infanticide
The two policemen took two high school graduates, who had just completed their college entrance exams, out to eat and drink on June 19. They all drank a lot, and one of the students, Ms. Chen became heavily drunk, as told in a China News Service article of Oct. 29. The policemen took her to a hotel under the pretext of “helping her to come to,” but then raped her while she was passed out.
The police later turned themselves in, and were put before a court. The Nanxun District Court of Huzhou County, Zhejiang Province, said in its verdict that the two police committed the crime of rape, but issued a light sentence of three years imprisonment, saying that they had “committed a temporary and on-the-spot crime, without premeditation,” according to Chinese state media. Read entire article
My opinion: This needs to be widely condemned, but who has the moral authority to speak these days? We murder the unborn and call it 'free choice'. How shameful!
Read about China's coercive family planning, forced abortion and infanticide
Sunday, November 22, 2009
Prosperity gospel (so called)
The Prosperity Gospel from The Global Conversation on Vimeo.
I found this very upsetting.Friday, November 20, 2009
Monday, November 16, 2009
New Crotch Salute

Veterans Day 11/11/09 at the Ceremony in Arlington National Cemetery. I don't know whether the National Anthem is being played, or the Flag is going by, or WHAT, but EVERYBODY in the picture is either properly saluting or has his hand over the HEART.
All except ONE.
Guess who.
The "president" of the United States of America.
Saturday, November 7, 2009
Swine Flu Government Data Scam
Question! Don't believe everything you hear; especially if it's from the government. Here are 20 reasons why vitamin D is better than the swine flu vaccine Here is the former Health minister of Finland speaking on the subject
Saturday, October 31, 2009
Friday, October 30, 2009
iWatch - bad idea
I watch because I have no concept of freedom or privacy. I hope that this scares you. Like it did me.
7 lies under 2 minutes
It kinda takes your breath away to get so much dishonesty so fast. How's that hope and change thing working for you?
Sunday, October 25, 2009
Straight talk - impending financial meltdown
If you like that, you'll love this.
If that didn't bother you, how about Peter Schiff's opinions?
CBS Reveals that Swine Flu Cases Seriously Overestimated
Watch CBS News Videos Online Apparently, the hospitals are playing along. We took my Dad in for a broken hip yesterday and they were stopping everyone at the door to question them about flu symptoms.
Thursday, October 22, 2009
Nick Vujicic
If you need someone to take away your excuses, give this guy a listen. Born with no arms or legs, yet inspirational. Give a listen!
Friday, October 9, 2009
Consider the lillies...they toil not, neither do they spin...
Friday, September 25, 2009
Video Dating montage
If you are eating or drinking, please stop before you play this or you will make a mess. This video is too funny!
Tuesday, September 22, 2009
Sunday, September 20, 2009
Record increase in Ice Cap

For the second straight year, Arctic ice cap sees record increase. Last year's increase was 150,000 square miles; this year's is 220,000 square miles. The NSIDC, a government agency, reports the fact but then buries it beneath the usual spin about global warming.
They wouldn't try to fool us, would they?
Obama: Legalize illegals to get them health care

President Obama said this week that his health care plan won't cover illegal immigrants, but argued that's all the more reason to legalize them and ensure they eventually do get coverage.
Read about it in the Washington Times
Tuesday, September 15, 2009
Elected officials hard at work
ACORN: helping to setup a brothel
This organization is supported with tax dollars. Be sure to see part two
10th Amendment called “baloney” by MSNBC’s Dave Shuster
Gee, I wonder what the 10th amendment was for then...
Obviously this boob hasn't a clue.
Saturday, September 5, 2009
Monday, August 31, 2009
Healthcare reform - executive summary
We're going to pass a health care plan
written by a committee whose head says he doesn't understand it,
passed by a Congress that hasn't read it; but exempts themselves from it,
signed by a president that also hasn't read it, and; who smokes,
with funding administered by a treasury chief who didn't pay his taxes,
over seen by a surgeon general who is obese,
and financed by a country that's nearly broke.
What possibly could go wrong?
written by a committee whose head says he doesn't understand it,
passed by a Congress that hasn't read it; but exempts themselves from it,
signed by a president that also hasn't read it, and; who smokes,
with funding administered by a treasury chief who didn't pay his taxes,
over seen by a surgeon general who is obese,
and financed by a country that's nearly broke.
What possibly could go wrong?
Wednesday, August 26, 2009
Widespread Famine Grips USA
Just as Bible prophecy predicted thousands of years ago, our country is in the midst of a terrible famine. Government news sources are not reporting this, but it is affecting everything!
"Behold, days are coming," declares the Lord GOD, "When I will send a famine on the land, Not a famine for bread or a thirst for water, But rather for hearing the words of the LORD." Amos 8:11
"Behold, days are coming," declares the Lord GOD, "When I will send a famine on the land, Not a famine for bread or a thirst for water, But rather for hearing the words of the LORD." Amos 8:11
Monday, August 17, 2009
Monday, August 10, 2009
Sunday, August 2, 2009
Monday, June 29, 2009
Thursday, June 18, 2009
Alaska update

One of my partners and I went to Alaska last weekend and returned yesterday. While in Alaska I met with numerous people about mining issues. I also flew to the place where I staked a claim. Now we enter the exploration phase to determine where the gold is and how much we might expect to find.
I'm very excited about this project and hopeful that the exploration will be favorable.
Stay tuned.
Update: Apparently I was invited to be the sucker partner. Put up all the money, take all the risk and then split the profits 3 ways. No Thanks! I'm out of that deal.
Tuesday, June 9, 2009
Sunday, May 31, 2009
Sunday, May 24, 2009
Wednesday, May 13, 2009
Thursday, April 16, 2009
Saturday, April 11, 2009
The Great Geithner Coverup
Economist William K. Black of the University of Missouri appeared in an interview on PBS last week with Bill Moyers. He pulls no punches in spelling out who is really responsible for our current economic disaster, and why our own Treasury Secretary is leading the charge to keep the truth covered up.
Wednesday, April 8, 2009
Saturday, March 28, 2009
Friday, March 13, 2009
Secret State Police Report: Ron Paul, Bob Barr, Chuck Baldwin, Libertarians are Terrorists
Kurt Nimmo
Infowars
Alex Jones has received a secret report distributed by the Missouri Information Analysis Center (MIAC) entitled “The Modern Militia Movement” and dated February 20, 2009. A footer on the document indicates it is “unclassified” but “law enforcement sensitive,” in other words not for public consumption. A copy of the report was sent to Jones by an anonymous Missouri police officer.
The MIAC report specifically describes supporters of presidential candidates Ron Paul, Chuck Baldwin, and Bob Barr as “militia” influenced terrorists and instructs the Missouri police to be on the lookout for supporters displaying bumper stickers and other paraphernalia associated with the Constitutional, Campaign for Liberty, and Libertarian parties.
Click here to read the report and see copies of actual docs
Opinion: This stuff makes the hair on my neck stand up.
Infowars
Alex Jones has received a secret report distributed by the Missouri Information Analysis Center (MIAC) entitled “The Modern Militia Movement” and dated February 20, 2009. A footer on the document indicates it is “unclassified” but “law enforcement sensitive,” in other words not for public consumption. A copy of the report was sent to Jones by an anonymous Missouri police officer.
The MIAC report specifically describes supporters of presidential candidates Ron Paul, Chuck Baldwin, and Bob Barr as “militia” influenced terrorists and instructs the Missouri police to be on the lookout for supporters displaying bumper stickers and other paraphernalia associated with the Constitutional, Campaign for Liberty, and Libertarian parties.
Click here to read the report and see copies of actual docs
Opinion: This stuff makes the hair on my neck stand up.
Friday, February 27, 2009
Tuesday, February 24, 2009
Monday, February 23, 2009
Obama Expands Missile Strikes Inside Pakistan

NYTimes.com
WASHINGTON — With two missile strikes over the past week, the Obama administration has expanded the covert war run by the Central Intelligence Agency inside Pakistan, attacking a militant network seeking to topple the Pakistani government.
Read Entire Piece - also - The Drone War
Opinion: I always thought "covert" meant secret. How secret is something I read about in the NY Times?
I'm troubled that once again the executive branch of our government is waging an undeclared war. This is not surprising, since Obama said in the campaign that he would do this. Militarizing Afghanistan didn't work for the Brits or the Soviets, we will fare no better.
And our military will be squandered in this pointless war. Deaths and casualty counts will continue. By violating the sovereignty of Pakistan we risk expanding this war such that we may see the return of the draft (another horrendous evil). How will we know when we have succeeded?
Wednesday, February 18, 2009
6 Broken Promises
1. Make Government Open and Transparent
2. Make it “Impossible” for Congressmen to slip in Pork Barrel Projects
3. Meetings where laws are written will be more open to the public
4. No more secrecy
5. Public will have 5 days to look at a Bill
7. We will put every pork barrel project online
2. Make it “Impossible” for Congressmen to slip in Pork Barrel Projects
3. Meetings where laws are written will be more open to the public
4. No more secrecy
5. Public will have 5 days to look at a Bill
7. We will put every pork barrel project online
"US Nation of Cowards"

"Though this nation has proudly thought of itself as an ethnic melting pot, in things racial we have always been and I believe continue to be, in too many ways, essentially a nation of cowards," said Holder, nation's first black attorney general.
Read more if you like
Opinion: Outrageous! Is this really the US Attorney General?
Tuesday, February 17, 2009
Hey Big Spender

The Evergreen Freedom Foundation (EFF) provides a great service to Washington State. One of the ways is by providing the list of big spenders in our congress. Check it out
Monday, February 16, 2009
Thursday, February 12, 2009
Quiet please

I listen to podcasts throughout the day. Some of the ones I enjoy are Lew Rockwell, Radio Free Liberty and Cato for political commentary. But mostly what I like is good bible teaching. Some of the ones I listen to are: Walk in the word(James McDonald), Grace to you(John MacArthur), Word for today (Chuck Smith), Truth for Life (Alistair Begg), and 66/40 (Chuck Misler). I'm fortunate in that my work allows me to write code while my mind is listening to God's word. And there is so much available!
This week's memory verse is 1 Thes 4:3 "For this is the will of God, even your sanctification, that ye should abstain from fornication" KJV I like to read the whole passage to make sure I understand the context and don't miss too much. Anyway, this week I was struck by 1 Thes 4:11 which says "and to make it your ambition to lead a quiet life and attend to your own business and work with your hands, just as we commanded you," in the NASB (emphasis mine). Anyway it challenges me to look at how I live my life. In the KJV is says, "Study to be quiet and to do your own business and to work with your own hands". I find it interesting that one needs to study in order to be quiet.
Militarizing Police Depts. With Your Bailout Money
George Orwell, call your office !
by texpat · 02/11/2009 1:57 pm
If prostitution is the world’s oldest profession, then city mayors follow a very close second. In fact, it occurs to me they may be the spiritual offspring of the aforementioned liaisons. Whenever there is loose change or unclaimed dollar bills laying around, mayors can smell them a mile away and if a Sugar Daddy offers free cash, they never stop to question what the vigorish might be. The urban emperors, suburban commissars, the hack and the highbrow, the Republican and Democrat, the apolitical and amoral, the exurban apparatchiks all assemble to line dance down Pennsylvania Avenue like ladies of the evening on the way to a golden score with Big Daddy.
The United States Conference of Mayors has assembled the most ridiculous and repulsive example of government excess I think I have ever seen. Here is a PDF file of the document which stretches to 344 pages. One of the most alarming features of this civic gluttony is the gift list request for funds to buy military SWAT assault equipment for police forces like the examples offered here by Texas blogger and Reason.com contributor, Trey Garrison:
Frisco wants $125,000 for an armored vehicle and $200,000 for a mobile command vehicle. You know, for all that gang tank warfare going on up in Frisco.
McKinney wants $5 million for SWAT toys and stuff.
North Richland Hills wants $51,000 for volunteer patrol volunteers. Let’s throw in $10 for a dictionary so they can look up the word “volunteer.”
Irving wants $5 million for biometric scanners, digital cameras, RFID scanners — nothing Big Brother there.
Grand Prairie wants $1.25 million for nicer landscaping around the public safety building.
And finally, Arlington is really gearing up for urban warfare. Arlington wants $1.6 million for SWAT toys including more equipment for those deadly but camera-friendly no-knock raids, $56,000 for military grade carbines, $625,000 for unmanned aerial surveillance drones, and $130,000 for “covert ops.”
Here is the “Public Safety” wish list from the US Conference of Mayors.
Radley Balko, of The Agitator and contributing editor of Reason, offers these galling examples of cops gone Rambo:
• Sparks, Nevada wants $600,000 to purchase a “live fire” house its SWAT team can shoot up, and another $420,000 for a SWAT armored vehicle.
• Pleasanton, California wants $250,000 to buy a vehicle for its SWAT team.
• Gary, Indiana wants $750,000 for a host of “modernization” upgrades to its police department, including “sub-automatic machine guns” and an “armored vehicl” [sic].
• Hampton, Virginia wants a whopping $3.5 million for “Air Tactical Unit Support and Equipment,” which I’m pretty sure means they want a sweet helicopter for the SWAT team.
• Ottawa, Illinois (population: 18,307) wants $60,000 to purchase, among other things, five “tactical entry rifles.”
• Glendale Heights, Illinois wants $96,000 to purchase red light cameras, and another $67,000 to hire someone to monitor them.
• Toward a more Orwellian America! The following cities requested stimulus funds to supplement, initiate, or upgrade public surveillance camera systems: Brockton, Massachusetts; Buffalo, New York; Burnsville, Minnesota; Caguas, Puerto Rico; Cerritos, California; Columbia, South Carolina; Compton, California; Homestead, Florida; Hormigueros, Puerto Rico; Indianapolis, Indiana; Inglewood, California; Lewiston, Maine; Lorain, Ohio; Lynn, Massachusetts; Marion, Ohio; Merced, California; New Rochelle, New York; North Richland Hills, Texas; Oakland, California; Orange, New Jersey; Orem, Utah; Orlando, Florida; Pembroke Pines, Florida; Ponce, Puerto Rico; Riverdale, Illinois; Shreveport, Louisiana; Silver City, New Mexico; Sumter, South Carolina; Tallahassee, Florida; Warren, Ohio; and Wilkes-Barre, Pennsylvania.
Winston-Salem, North Carolina requested just under $85 million in security-related stimulation. But top prize goes to Tulsa, Oklahoma, which is asking the rest of the country to stimulte its economy with a whopping $135 million in public safety-related requests.
All in all, America’s mayors asking for a little over $5.5 billion in public safety “stimulus.”
The city of La Porte, Texas has applied for $700,000 to build a “Lifestyle Center” while the city of Houston wants a whopping $175,000,000 to build the “Metro Houston Intermodal Terminal” in downtown Houston. I could go on, but I am nauseated by reading these documents. Readers will have to carry on in my absence while I try to recover.
by texpat · 02/11/2009 1:57 pm
If prostitution is the world’s oldest profession, then city mayors follow a very close second. In fact, it occurs to me they may be the spiritual offspring of the aforementioned liaisons. Whenever there is loose change or unclaimed dollar bills laying around, mayors can smell them a mile away and if a Sugar Daddy offers free cash, they never stop to question what the vigorish might be. The urban emperors, suburban commissars, the hack and the highbrow, the Republican and Democrat, the apolitical and amoral, the exurban apparatchiks all assemble to line dance down Pennsylvania Avenue like ladies of the evening on the way to a golden score with Big Daddy.
The United States Conference of Mayors has assembled the most ridiculous and repulsive example of government excess I think I have ever seen. Here is a PDF file of the document which stretches to 344 pages. One of the most alarming features of this civic gluttony is the gift list request for funds to buy military SWAT assault equipment for police forces like the examples offered here by Texas blogger and Reason.com contributor, Trey Garrison:
Frisco wants $125,000 for an armored vehicle and $200,000 for a mobile command vehicle. You know, for all that gang tank warfare going on up in Frisco.
McKinney wants $5 million for SWAT toys and stuff.
North Richland Hills wants $51,000 for volunteer patrol volunteers. Let’s throw in $10 for a dictionary so they can look up the word “volunteer.”
Irving wants $5 million for biometric scanners, digital cameras, RFID scanners — nothing Big Brother there.
Grand Prairie wants $1.25 million for nicer landscaping around the public safety building.
And finally, Arlington is really gearing up for urban warfare. Arlington wants $1.6 million for SWAT toys including more equipment for those deadly but camera-friendly no-knock raids, $56,000 for military grade carbines, $625,000 for unmanned aerial surveillance drones, and $130,000 for “covert ops.”
Here is the “Public Safety” wish list from the US Conference of Mayors.
Radley Balko, of The Agitator and contributing editor of Reason, offers these galling examples of cops gone Rambo:
• Sparks, Nevada wants $600,000 to purchase a “live fire” house its SWAT team can shoot up, and another $420,000 for a SWAT armored vehicle.
• Pleasanton, California wants $250,000 to buy a vehicle for its SWAT team.
• Gary, Indiana wants $750,000 for a host of “modernization” upgrades to its police department, including “sub-automatic machine guns” and an “armored vehicl” [sic].
• Hampton, Virginia wants a whopping $3.5 million for “Air Tactical Unit Support and Equipment,” which I’m pretty sure means they want a sweet helicopter for the SWAT team.
• Ottawa, Illinois (population: 18,307) wants $60,000 to purchase, among other things, five “tactical entry rifles.”
• Glendale Heights, Illinois wants $96,000 to purchase red light cameras, and another $67,000 to hire someone to monitor them.
• Toward a more Orwellian America! The following cities requested stimulus funds to supplement, initiate, or upgrade public surveillance camera systems: Brockton, Massachusetts; Buffalo, New York; Burnsville, Minnesota; Caguas, Puerto Rico; Cerritos, California; Columbia, South Carolina; Compton, California; Homestead, Florida; Hormigueros, Puerto Rico; Indianapolis, Indiana; Inglewood, California; Lewiston, Maine; Lorain, Ohio; Lynn, Massachusetts; Marion, Ohio; Merced, California; New Rochelle, New York; North Richland Hills, Texas; Oakland, California; Orange, New Jersey; Orem, Utah; Orlando, Florida; Pembroke Pines, Florida; Ponce, Puerto Rico; Riverdale, Illinois; Shreveport, Louisiana; Silver City, New Mexico; Sumter, South Carolina; Tallahassee, Florida; Warren, Ohio; and Wilkes-Barre, Pennsylvania.
Winston-Salem, North Carolina requested just under $85 million in security-related stimulation. But top prize goes to Tulsa, Oklahoma, which is asking the rest of the country to stimulte its economy with a whopping $135 million in public safety-related requests.
All in all, America’s mayors asking for a little over $5.5 billion in public safety “stimulus.”
The city of La Porte, Texas has applied for $700,000 to build a “Lifestyle Center” while the city of Houston wants a whopping $175,000,000 to build the “Metro Houston Intermodal Terminal” in downtown Houston. I could go on, but I am nauseated by reading these documents. Readers will have to carry on in my absence while I try to recover.
Monday, February 9, 2009
Saturday, February 7, 2009
Winning the war in Afghanistan
This video is of a reporter who arranged for and visited the NW region of Pakistan.
It's worth the watching. Click here to see the video
It's worth the watching. Click here to see the video
Thursday, February 5, 2009
The Looming Crisis at the Pentagon: How Taxpayers Finance Fantasy Wars

Source: TomDispatch.com - Chalmers Johnson
Like much of the rest of the world, Americans know that the U.S. automotive industry is in the grips of what may be a fatal decline. Unless it receives emergency financing and undergoes significant reform, it is undoubtedly headed for the graveyard in which many American industries are already buried, including those that made televisions and other consumer electronics, many types of scientific and medical equipment, machine tools, textiles, and much earth-moving equipment -- and that's to name only the most obvious candidates. They all lost their competitiveness to newly emerging economies that were able to outpace them in innovative design, price, quality, service, and fuel economy, among other things.
Read the entire piece
Wednesday, February 4, 2009
Watching Our Rulers Destroy Our World
by Robert Higgs
Our rulers are destroying the economy. Not little by little, as they usually do, but in huge swaths. Each great assault on the free market, whether it be denominated a bailout, a stimulus, or some other species of purported salvation, brings us visibly closer to the complete ruin of an economic order that required centuries to build. Awestruck, as if we were observing a tsunami sweep across an island, we can only watch the rulers' devastating actions, for which, strange to say, they expect the public to be grateful―and, truth be told, most people are grateful, and clamor for more of the same. We listen to the kingpins' lunatic ravings as they describe their perceptions of the current situation and solemnly declare their determination to "do something" to restore the prosperity that they themselves have demolished by previously "doing something" of the very same kind.
Read the entire piece
Our rulers are destroying the economy. Not little by little, as they usually do, but in huge swaths. Each great assault on the free market, whether it be denominated a bailout, a stimulus, or some other species of purported salvation, brings us visibly closer to the complete ruin of an economic order that required centuries to build. Awestruck, as if we were observing a tsunami sweep across an island, we can only watch the rulers' devastating actions, for which, strange to say, they expect the public to be grateful―and, truth be told, most people are grateful, and clamor for more of the same. We listen to the kingpins' lunatic ravings as they describe their perceptions of the current situation and solemnly declare their determination to "do something" to restore the prosperity that they themselves have demolished by previously "doing something" of the very same kind.
Read the entire piece
Thursday, January 29, 2009
The World Won't Buy Unlimited U.S. Debt
We're asking others to sacrifice for our 'stimulus.'
By PETER SCHIFF
Barack Obama has spoken often of sacrifice. And as recently as a week ago, he said that to stave off the deepening recession Americans should be prepared to face "trillion dollar deficits for years to come."
But apart from a stirring call for volunteerism in his inaugural address, the only specific sacrifices the president has outlined thus far include lower taxes, millions of federally funded jobs, expanded corporate bailouts, and direct stimulus checks to consumers. Could this be described as sacrificial?
What he might have said was that the nations funding the majority of America's public debt -- most notably the Chinese, Japanese and the Saudis -- need to be prepared to sacrifice. They have to fund America's annual trillion-dollar deficits for the foreseeable future. These creditor nations, who already own trillions of dollars of U.S. government debt, are the only entities capable of underwriting the spending that Mr. Obama envisions and that U.S. citizens demand.
These nations, in other words, must never use the money to buy other assets or fund domestic spending initiatives for their own people. When the old Treasury bills mature, they can do nothing with the money except buy new ones. To do otherwise would implode the market for U.S. Treasurys (sending U.S. interest rates much higher) and start a run on the dollar. (If foreign central banks become net sellers of Treasurys, the demand for dollars needed to buy them would plummet.)
In sum, our creditors must give up all hope of accessing the principal, and may be compensated only by the paltry 2%-3% yield our bonds currently deliver.
Read the entire piece
By PETER SCHIFF
Barack Obama has spoken often of sacrifice. And as recently as a week ago, he said that to stave off the deepening recession Americans should be prepared to face "trillion dollar deficits for years to come."
But apart from a stirring call for volunteerism in his inaugural address, the only specific sacrifices the president has outlined thus far include lower taxes, millions of federally funded jobs, expanded corporate bailouts, and direct stimulus checks to consumers. Could this be described as sacrificial?
What he might have said was that the nations funding the majority of America's public debt -- most notably the Chinese, Japanese and the Saudis -- need to be prepared to sacrifice. They have to fund America's annual trillion-dollar deficits for the foreseeable future. These creditor nations, who already own trillions of dollars of U.S. government debt, are the only entities capable of underwriting the spending that Mr. Obama envisions and that U.S. citizens demand.
These nations, in other words, must never use the money to buy other assets or fund domestic spending initiatives for their own people. When the old Treasury bills mature, they can do nothing with the money except buy new ones. To do otherwise would implode the market for U.S. Treasurys (sending U.S. interest rates much higher) and start a run on the dollar. (If foreign central banks become net sellers of Treasurys, the demand for dollars needed to buy them would plummet.)
In sum, our creditors must give up all hope of accessing the principal, and may be compensated only by the paltry 2%-3% yield our bonds currently deliver.
Read the entire piece
Supreme Court Rules That It Is OK To Frisk Passengers
Source: AP
The Supreme Court ruled Monday that police officers have leeway to frisk a passenger in a car stopped for a traffic violation even if nothing indicates the passenger has committed a crime or is about to do so.
The court on Monday unanimously overruled an Arizona appeals court that threw out evidence found during such an encounter.
The case involved a 2002 pat-down search of an Eloy, Ariz., man by an Oro Valley police officer, who found a gun and marijuana.
The justices accepted Arizona's argument that traffic stops are inherently dangerous for police and that pat-downs are permissible when an officer has a reasonable suspicion that the passenger may be armed and dangerous.
The pat-down is allowed if the police "harbor reasonable suspicion that a person subjected to the frisk is armed, and therefore dangerous to the safety of the police and public," Justice Ruth Bader Ginsburg said.
The Supreme Court ruled Monday that police officers have leeway to frisk a passenger in a car stopped for a traffic violation even if nothing indicates the passenger has committed a crime or is about to do so.
The court on Monday unanimously overruled an Arizona appeals court that threw out evidence found during such an encounter.
The case involved a 2002 pat-down search of an Eloy, Ariz., man by an Oro Valley police officer, who found a gun and marijuana.
The justices accepted Arizona's argument that traffic stops are inherently dangerous for police and that pat-downs are permissible when an officer has a reasonable suspicion that the passenger may be armed and dangerous.
The pat-down is allowed if the police "harbor reasonable suspicion that a person subjected to the frisk is armed, and therefore dangerous to the safety of the police and public," Justice Ruth Bader Ginsburg said.