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	<title>The Biker Republic &#187; Economy</title>
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		<title>ICH Newsletter-Weekend Edition</title>
		<link>http://www.bikerrepublic.org/2009/12/ich-newsletter-weekend-edition/</link>
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		<pubDate>Sun, 13 Dec 2009 19:21:31 +0000</pubDate>
		<dc:creator>Celeste</dc:creator>
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		<category><![CDATA[Military]]></category>
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		<description><![CDATA[http://www.informationclearinghouse.info/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Information Clearing House Newsletter
News You Won&#8217;t Find On CNN
December 11, 2009
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
&#8220;If they do it, it&#8217;s terrorism, if we do it, it&#8217;s fighting for freedom.&#8221; &#8211; Anthony Quainton, U.S. Ambassador to Nicaragua, 1984: Source: Off the record response of the Ambassador to a group of concerned U.S. citizens when asked to explain the difference between U.S. [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://">http://www.informationclearinghouse.info/</a></p>
<p>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<br />
Information Clearing House Newsletter<br />
News You Won&#8217;t Find On CNN<br />
December 11, 2009<br />
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</p>
<p>&#8220;If they do it, it&#8217;s terrorism, if we do it, it&#8217;s fighting for freedom.&#8221; &#8211; Anthony Quainton, U.S. Ambassador to Nicaragua, 1984: Source: Off the record response of the Ambassador to a group of concerned U.S. citizens when asked to explain the difference between U.S. government actions in Nicaragua and the violence it condemns as terrorism elsewhere in the world.</p>
<p>=<br />
It is in the nature of imperialism that citizens of the imperial power are always among the last to know&#8211;or care&#8211;about circumstances in the colonies: Bertrand Russell</p>
<p>=<br />
The president has adopted a policy of &#8216;anticipatory self-defense&#8217; that is alarmingly similar to the policy that imperial Japan employed at Pearl Harbor, on a date which, as an earlier American president said it would, lives in infamy. Franklin D. Roosevelt was right, but today it is we Americans who live in infamy: Arthur Schlesinger.</p>
<p>=<br />
I am tired and sick of war. Its glory is all moonshine. It is only those who have neither fired a shot nor heard the shrieks and groans of the wounded who cry aloud for blood, more vengeance, more desolation. Some of these young men think that war is all glory but let me say war is all hell: William Tecumseh Sherman.</p>
<p>=</p>
<p>Number Of Iraqis Slaughtered Since The U.S. Invaded Iraq &#8220;1,366,350&#8243;<br />
<a href="http://">www.justforeignpolicy.org/iraq/iraqdeaths.html</a></p>
<p>=</p>
<p>Number of U.S. Military Personnel Sacrificed (Officially acknowledged) In America&#8217;s War On Iraq: 4,687<br />
<a href="http://">icasualties.org/oif/</a></p>
<p>Number Of International Occupation Force Troops Slaughtered In Afghanistan : 1,538<br />
<a href="http://">http://icasualties.org/oef/</a></p>
<p>=</p>
<p>Cost of War in Iraq<br />
$707,931,965,989</p>
<p>Cost of War in Afghanistan<br />
$233,686,172,237</p>
<p>=</p>
<p>Subscribe to this feed using your newsreader <a href="http://">http://ichnews.blogspot.com/feeds/posts/default</a></p>
<p>=</p>
<p>CIA Mercenaries Murdered &#8220;Militants&#8221;</p>
<p>Private Guards &#8216;Took Part in Raids on al-Qaeda Militants&#8217;</p>
<p>By Giles Whittell and Tim Reid</p>
<p>According to former Blackwater staff, sent to protect CIA officers in the field, they helped to kill militants targeted in &#8220;snatch and grab&#8221; raids.<br />
<a href="http://">http://www.informationclearinghouse.info/article24164.htm</a></p>
<p>===</p>
<p>US Refuses To Allow Monitoring Of WMD</p>
<p>By Carl Herman</p>
<p>WMD treaty violations and inspection refusal for biological, nuclear, chemical weapons. Iran? No, US<br />
<a href="http://">http://www.informationclearinghouse.info/article24158.htm</a></p>
<p>===</p>
<p>Sound Familiar?<br />
US Refuses to Allow UN Inspectors to Investigate its WMDs</p>
<p>By Agence France-Presse</p>
<p>The United States said Wednesday that it remained opposed to international inspections of biological weapon sites.<br />
<a href="http://">http://www.informationclearinghouse.info/article24160.htm</a></p>
<p>===</p>
<p>Anthrax War</p>
<p>Video Documentary</p>
<p>In tracing the 2001 bio-terror attacks in the U.S. to the heart of the U.S. bio-defense program, this film raises an alarm. These attacks that helped prepare a country for war have also spawned a multi-billion dollar bio-defense boom. The line between bio-offense and bio-defense is becoming extremely thin.<br />
<a href="http://">http://www.informationclearinghouse.info/article24159.htm</a></p>
<p>===</p>
<p>Networks Still Hosting Military Analysts Without Identifying Massive Conflicts Of Interest</p>
<p>By Laura Bassett</p>
<p>Military strategy is a frequent topic on TV in the wake of President Obama&#8217;s announcement that he will send more troops to Afghanistan now &#8212; and start bringing them out by mid-2011. But few television viewers have any idea that some of what they&#8217;re hearing originates from men who are literally profiting from the war.<br />
<a href="http://">http://www.informationclearinghouse.info/article24165.htm</a></p>
<p>===</p>
<p>Following the Money Trail:<br />
Telecoms and ISPs Feed the Secret State&#8217;s Surveillance Machine</p>
<p>By Tom Burghardt</p>
<p>That the American people have been kept in the dark when it comes to this and other affairs of state, remain among the most closely-guarded open secrets of what has euphemistically been called the &#8220;NSA spying scandal.&#8221;<br />
<a href="http://">http://www.informationclearinghouse.info/article24166.htm</a></p>
<p>===</p>
<p>The Devil and Mr. Obama</p>
<p>Barack promised change &#8212; and sure enough, things changed for the worse</p>
<p>By Joe Bageant</p>
<p>Many who voted for Obama out of disgust for the Bush regime are now listening to the Republicans again on their car radios as they drive around looking for a suitable place to hide their vehicles from the repo man.<br />
<a href="http://">http://www.informationclearinghouse.info/article24161.htm</a></p>
<p>===</p>
<p>Bernanke&#8217;s Faux Recovery</p>
<p>By Mike Whitney</p>
<p>By usurping powers not granted under its charter, the Fed has resuscitated insolvent institutions and helped them continue the transfer of wealth from one class to another.<br />
<a href="http://">http://www.informationclearinghouse.info/article24162.htm</a></p>
<p>===</p>
<p>Food Stamps Go to a Record 37.2 Million, USDA Says</p>
<p>By Alan Bjerga</p>
<p>A record 37.2 million people, or about one out of every eight Americans, received food stamps in September, as the recession drove a surging jobless rate, according to a government report.<br />
<a href="http://">http://www.informationclearinghouse.info/article24163.htm</a></p>
<p>===</p>
<p>17 militants killed, 49 suspects arrested in NW Pakistan:</p>
<p>Seventeen militants were killed and as many as 49 suspects apprehended in ongoing military operations in Pakistan&#8217;s northwest during the last 24 hours, military sources said Friday.<br />
<a href="http://">http://news.xinhuanet.com/english/2009-12/11/content_12633006.htm</a></p>
<p>===</p>
<p>Drone hit may have killed senior al Qaeda leader:</p>
<p>&#8220;Nothing has been definitively confirmed, but it&#8217;s possible that a senior al Qaeda figure has died,&#8221; said the U.S. official, who declined to be named.<br />
<a href="http://">http://snipurl.com/tnlos</a></p>
<p>===</p>
<p>Afghan Police Say 2 Officers, 3 Civilians Killed By Suicide Bomber On A Motorcycle<br />
<a href="http://">http://www.cbsnews.com/stories/2009/12/11/ap/asia/main5966421.shtml</a></p>
<p>===</p>
<p>Child killed in Afghan wedding blast:</p>
<p>The Afghan Interior Ministry said the explosion happened when a grenade was thrown at the event in a province east of Kabul last night.<br />
<a href="http://">http://snipurl.com/tnlou</a></p>
<p>===</p>
<p>Why Do Airstrikes in Afghanistan Keep Killing Exactly 30 People?:</p>
<p>On Monday, the anonymous blogger Security Crank noticed something interesting: all the U.S. and NATO airstrikes in Afghanistan seemingly kill exactly 30 people every time. How can that be?<br />
<a href="http://">http://snipurl.com/tnlow</a></p>
<p>===</p>
<p>Afghanistan: UK and US seek to cancel 2010 parliamentary election:</p>
<p>Britain and America are seeking to cancel next year&#8217;s parliamentary election in Afghanistan amid fears that it will distract from President Barack Obama&#8217;s new strategy to bring security to the country.<br />
<a href="http://">http://snipurl.com/tnlp4</a></p>
<p>===</p>
<p>Seven killed in Iraq attacks:</p>
<p>Seven people, including three policemen and two soldiers, were killed by attacks in and around Baghdad on Friday, an Iraqi interior ministry official said.<br />
<a href="http://">http://uk.news.yahoo.com/18/20091211/twl-seven-killed-in-iraq-attacks-3cd7efd.html</a></p>
<p>===</p>
<p>Are deaths from violence in Iraq being under-reported?:</p>
<p>BBC Video Report: The Iraqi government is being accused of under-reporting the number of people killed after weeks of deadly violence.<br />
<a href="http://">http://news.bbc.co.uk/2/hi/middle_east/8407023.stm</a></p>
<p>===</p>
<p>Who is counting the bodies in Iraq?:</p>
<p>Mr Maliki&#8217;s political reputation was built largely on his apparent success in bringing violence levels down following the US troop surge in 2007. Now, this image of a man who could keep Baghdad safe has been tarnished.<br />
<a href="http://">http://news.bbc.co.uk/2/hi/middle_east/8405894.stm</a></p>
<p>===</p>
<p>War Criminal : Blair &#8216;would have gone to war without Iraqi WMD&#8217;:</p>
<p>The former Prime Minister has confessed that he would have had to use different arguments to justify toppling Saddam Hussein. But he says in an interview to be broadcast tomorrow morning that he would still have taken steps to remove the Iraqi dictator from power.<br />
<a href="http://">http://www.timesonline.co.uk/tol/news/politics/article6954043.ece</a></p>
<p>===</p>
<p>Iraqi-American Christians blast U.S. policies in Iraq:</p>
<p>Upset and frustrated, about 300 metro Detroiters with roots in Iraq, most of them Chaldeans, gathered Thursday night in a banquet hall in Warren where Michael Corbin, Deputy Assistant Secretary of State for Near Eastern Affairs, spoke to the crowd.<br />
<a href="http://">http://snipurl.com/tnlpd</a></p>
<p>===</p>
<p>Spoils of war:</p>
<p>Iraq oil development rights contracts awarded:</p>
<p>Shell and Petronas beat a rival bid from France&#8217;s Total and China&#8217;s CNPC.<br />
<a href="http://">http://news.bbc.co.uk/2/hi/business/8407274.stm</a></p>
<p>===</p>
<p>Manufacturing Consent For Attack On Iran:</p>
<p>US commander says Iran still arming Iraq militias:</p>
<p>&#8220;Iran still smuggles equipment and aid to terrorists across the border,&#8221; the general said.<br />
<a href="http://">http://news.yahoo.com/s/afp/20091210/pl_afp/iraqunrestusiransyria</a></p>
<p>===</p>
<p>EU ready to accompany UNSC against Iran:</p>
<p>The EU has warned that it will accompany the UN Security Council in punitive action should Iran fail to provide a &#8216;clear response&#8217; over its nuclear work.<br />
<a href="http://">http://snipurl.com/tnlpi</a></p>
<p>===</p>
<p>U.S. warns Iran of &#8216;consequences&#8217; over nuclear program<br />
<a href="http://">http://www.haaretz.com/hasen/spages/1134458.html</a></p>
<p>===</p>
<p>Diplomat, scientist among 11 Iranians &#8216;held by US&#8217;:</p>
<p>The Mehr news agency said the foreign ministry is &#8220;vigorously&#8221; pursuing diplomatic means to obtain the release of the Iranians, three of whom have allegedly been detained in countries outside the United States on Washington&#8217;s request.<br />
<a href="http://">http://snipurl.com/tnlpn</a></p>
<p>===</p>
<p>Take Action: Tell Congress:</p>
<p>Don&#8217;t Limit the President&#8217;s Ability to Negotiate with Iran:</p>
<p>The bill &#8211; H.R. 2194, known as the Iran Refined Petroleum Sanctions Act of 2009 &#8211; targets Iran&#8217;s energy sector in a way that is likely to hurt the Iranian people, not the Iranian government.<br />
<a href="http://">http://salsa.democracyinaction.org/o/1439/p/dia/action/public/?action_KEY=1873</a></p>
<p>===</p>
<p>IDF simulates missile attacks, war against Syria and Hezbollah:</p>
<p>Both drills were two-day affairs for which dozens of reserve officers were mobilized and included scenarios in which ballistic missiles with conventional and nonconventional warheads landed in Israeli cities.<br />
<a href="http://">http://www.haaretz.com/hasen/spages/1134302.html</a></p>
<p>===</p>
<p>Report: Iran and Syria sign defense cooperation pact:</p>
<p>Iran and Syria signed a defense cooperation pact in Damascus on Friday, and pledged to work in coordination to counter the regional threat they see posed by the &#8220;Zionist regime,&#8221; Iranian news agency Al-Alam reported.<br />
<a href="http://">http://www.haaretz.com/hasen/spages/1134474.html</a></p>
<p>===</p>
<p>Take Action: Tell President Obama to demand that Israel free Bil&#8217;in nonviolent leader Abdallah Abu Rahmah:</p>
<p>On December 10, 2009 at 2 AM, the Israeli military surrounded the Ramallah home of Abdallah Abu Rahmah, a high school teacher and the Coordinator of Bil&#8217;in&#8217;s Popular Committee Against the Wall and Settlements, and arrested him.<br />
<a href="http://">http://snipurl.com/tnlpw</a></p>
<p>===</p>
<p>Likud minister: Settler population could grow by 10,000 in next year:</p>
<p>The population of illegal Israeli settlements in the West Bank could grow by 10,000 in the coming year despite a declared temporary freeze on Israeli building in the territory, Likud Minister Benny Begin has said.<br />
<a href="http://">http://www.haaretz.com/hasen/spages/1134461.html</a></p>
<p>===</p>
<p>Israeli settlers attack mosque:</p>
<p>Israeli settlers in the occupied Palestinian West Bank have vandalised a mosque, torching its library and spraying hate messages in Hebrew on the building.<br />
<a href="http://">http://english.aljazeera.net/news/middleeast/2009/12/2009121116190107591</a>.html</p>
<p>===</p>
<p>US warns Latin America against cozying up to Iran:</p>
<p>Hillary Clinton said on Friday that &#8220;we can only say that is a really bad idea for the countries involved,&#8221; warning Bolivia and Venezuela in particular. Clinton went on to accuse Iran of being &#8220;the major supporter, promoter and exporter of terrorism in the world<br />
<a href="http://">http://www.presstv.ir/detail.aspx?id=113477§ionid=3510203</a></p>
<p>===</p>
<p>Ecuador says U.S. helped Colombia plan 2008 bombing:</p>
<p>U.S. intelligence from inside Ecuador was used to plan a 2008 bombing by Colombian troops that killed a top FARC guerrilla chieftain inside Ecuadorean territory, the government said on Thursday.<br />
<a href="http://">http://www.reuters.com/article/idUSTRE5B953020091210</a></p>
<p>===</p>
<p>Blackwater Guards Tied to Secret C.I.A. Kidnapping:</p>
<p>Private security guards from Blackwater Worldwide participated in some of the C.I.A.&#8217;s most sensitive activities &#8211; clandestine raids with agency officers against people suspected of being insurgents in Iraq and Afghanistan and the transporting of detainees, according to former company employees and intelligence officials.<br />
<a href="http://">http://www.nytimes.com/2009/12/11/us/politics/11blackwater.html</a></p>
<p>===</p>
<p>Turley: Obama bags Peace Prize while his lawyers are &#8216;gutting&#8217; Nuremberg:</p>
<p>Turley pointed out that several legal advisors to Germany&#8217;s Ministry of Justice were convicted during the Nuremberg trials held after World War II for providing the legal advice that justified Nazi war crimes. Now the Obama administration, in its desire to uphold executive privilege at any cost, is willing to toss that principle aside.<br />
<a href="http://">http://rawstory.com/2009/12/turley-obama-ignores-nuremberg/</a></p>
<p>===</p>
<p>President Obama &#8216;creating torture impunity&#8217;: :</p>
<p>Director of ACLU&#8217;s National Security Project Jameel Jaffer said &#8220;the Bush administration constructed a legal framework for torture and now the Obama administration is constructing a legal framework for impunity.&#8221;<br />
<a href="http://">http://www.presstv.ir/detail.aspx?id=113436§ionid=3510203</a></p>
<p>===</p>
<p>Judge finds Pentagon in contempt in Gitmo case:</p>
<p>A federal judge has found the Defense Department in contempt of court for failing to videotape the testimony of a prisoner held at Guantanamo Bay.<br />
<a href="http://">http://snipurl.com/tnlq2</a></p>
<p>===</p>
<p>Sound familiar? US refuses to allow UN inspectors to investigate its WMDs:</p>
<p>The United States said Wednesday that it remained opposed to international inspections of biological weapon sites, even though it stressed its commitment to a UN treaty covering such arms and invaded Iraq in part over its alleged stalling of &#8212; UN weapons inspectors.<br />
<a href="http://">http://rawstory.com/2009/12/refuses-inspectors-investigate-wmds/</a></p>
<p>===</p>
<p>Cremated remains dumped in Arlington landfill:</p>
<p>Records at Arlington National Cemetery suggest that workers found an urn of cremated remains that had been dumped &#8212; presumably accidentally &#8212; in a dirt landfill, reburied those remains as an unknown soldier, and kept the whole thing quiet.<br />
<a href="http://">http://www.salon.com/news/feature/2009/12/10/arlington</a></p>
<p>===</p>
<p>Leaders of the Rich World Are Enacting a Giant Fraud:</p>
<p>Every delegate to the Copenhagen summit is being greeted by the sight of a vast fake planet dominating the city&#8217;s central square. This swirling globe is covered with corporate logos &#8211; the Coke brand is stamped over Africa, while Carlsberg appears to own Asia, and McDonald&#8217;s announces &#8220;I&#8217;m loving it!&#8221; in great red letters above<br />
<a href="http://">http://snipurl.com/tnlqm</a></p>
<p>===</p>
<p>Americans Want Government to Spend for Jobs, Send Bill to Rich:</p>
<p>Americans want their government to create jobs through spending on public works, investments in alternative energy or skills training for the jobless. They also want the deficit to come down. And most are ready to hand the bill to the wealthy.<br />
<a href="http://">http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=awkrRPMONDW8</a></p>
<p>===</p>
<p>House passes $1.1 trillion omnibus spending bill:</p>
<p>Blending increases for veterans&#8217; programs, NASA and the FBI with a pay raise for federal workers and help for car dealers, the legislation wraps together six of the 12 annual appropriations bills.<br />
<a href="http://">http://www.suntimes.com/news/politics/1932454,house-omnibus-spending-bill-passes-1210009.article</a></p>
<p>===</p>
<p>Max Baucus gave girlfriend $14K raise:</p>
<p>Sen. Max Baucus (D-Mont.), chairman of the powerful Senate Finance Committee, gave a nearly $14,000 pay raise to a female staffer in 2008, at the time he was becoming romantically involved with her, and later that year took her on a taxpayer-funded trip to Southeast Asia and the Middle East, though foreign policy was not her specialty.<br />
<a href="http://">http://www.politico.com/news/stories/1209/30478.html</a></p>
<p>===</p>
<p>House passes broad Wall Street regulatory overhaul:</p>
<p>In a separate vote Friday, Democratic leaders failed to revive legislation that would let bankruptcy judges rewrite mortgages to lower homeowners&#8217; monthly payments. The measure was rejected by a 241-188 .<br />
<a href="http://">http://snipurl.com/tnlqq </a></p>
]]></content:encoded>
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		<title>Ron Paul: Prepare for the Worst!</title>
		<link>http://www.bikerrepublic.org/2009/11/ron-paul-prepare-for-the-worst/</link>
		<comments>http://www.bikerrepublic.org/2009/11/ron-paul-prepare-for-the-worst/#comments</comments>
		<pubDate>Thu, 05 Nov 2009 02:15:59 +0000</pubDate>
		<dc:creator>Renegade</dc:creator>
				<category><![CDATA[Biker Republic]]></category>
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		<category><![CDATA[Bilderberg Group]]></category>
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		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Federal Debt]]></category>
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		<category><![CDATA[NWO]]></category>
		<category><![CDATA[police abuse]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[tyranny]]></category>

		<guid isPermaLink="false">http://www.bikerrepublic.org/?p=618</guid>
		<description><![CDATA[I post this with a lot of sorrow. It is not because I didn&#8217;t know what Dr. Paul has to say is true. It is because I know that he is correct. As you visit with your families during these holidays, look at your prodigy and ask yourself what are you willing to do to [...]]]></description>
			<content:encoded><![CDATA[<p><strong>I post this with a lot of sorrow. It is not because I didn&#8217;t know what Dr. Paul has to say is true. It is because I know that he is correct. As you visit with your families during these holidays, look at your prodigy and ask yourself what are you willing to do to ensure their liberty. </strong></p>
<p><a href="http://s223.photobucket.com/albums/dd49/Renegade_in_TN/?action=view&#038;current=ronpaul3.jpg" target="_blank"><img src="http://i223.photobucket.com/albums/dd49/Renegade_in_TN/ronpaul3.jpg" border="0" alt="Ron Paul 2009"></a></p>
<p>Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.</p>
<p>A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.<br />
Article Controls</p>
<p>Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan&#8217;s excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions. Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars. Those banks and financial institutions that took on the largest risks and performed worst were rewarded with billions in taxpayer dollars, allowing them to survive and compete with their better-managed peers.</p>
<p>This is nothing less than the creation of another bubble. By attempting to cushion the economy from the worst shocks of the housing bubble&#8217;s collapse, the Federal Reserve has ensured that the ultimate correction of its flawed economic policies will be more severe than it otherwise would have been. Even with the massive interventions, unemployment is near 10% and likely to increase, foreigners are cutting back on purchases of Treasury debt and the Federal Reserve&#8217;s balance sheet remains bloated at an unprecedented $2 trillion. Can anyone realistically argue that a few small upticks in a handful of economic indicators are a sign that the recession is over?</p>
<p>What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years. As the housing market fails to return to any sense of normalcy, commercial real estate begins to collapse and manufacturers produce goods that cannot be purchased by debt-strapped consumers, the economy will falter. That will go on until we come to our senses and end this wasteful government spending.</p>
<p>Government intervention cannot lead to economic growth. Where does the money come from for Tarp (Treasury&#8217;s program to buy bad bank paper), the stimulus handouts and the cash for clunkers? It can come only from taxpayers, from sales of Treasury debt or through the printing of new money. Paying for these programs out of tax revenues is pure redistribution; it takes money out of one person&#8217;s pocket and gives it to someone else without creating any new wealth. Besides, tax revenues have fallen drastically as unemployment has risen, yet government spending continues to increase. As for Treasury debt, the Chinese and other foreign investors are more and more reluctant to buy it, denominated as it is in depreciating dollars.</p>
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		<title>All Falling Down&#8230;&#8230;</title>
		<link>http://www.bikerrepublic.org/2009/10/all-falling-down/</link>
		<comments>http://www.bikerrepublic.org/2009/10/all-falling-down/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 17:10:19 +0000</pubDate>
		<dc:creator>Renegade</dc:creator>
				<category><![CDATA[Biker Republic]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Federal Debt]]></category>
		<category><![CDATA[Federal Government]]></category>
		<category><![CDATA[government intervention]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[tyranny]]></category>

		<guid isPermaLink="false">http://www.bikerrepublic.org/?p=606</guid>
		<description><![CDATA[This is an outstanding piece by Victor Davis Hansen over at Pajamas Media
The original can be found here.
Money
Obama’s mega-borrowing is predicated on a rather thin margin of safety. We can service nearly $2 trillion in additional debt this year—on top of the existing $11 trillion—only because interest rates are so low.
But as a veteran of [...]]]></description>
			<content:encoded><![CDATA[<p>This is an outstanding piece by <a href="http://pajamasmedia.com/victordavishanson">Victor Davis Hansen</a> over at <a href="http://pajamasmedia.com/">Pajamas Media</a></p>
<p>The original can be found <a href="http://pajamasmedia.com/victordavishanson/allfallingdown/">here.</a></p>
<p><font color=blue>Money</p>
<p>Obama’s mega-borrowing is predicated on a rather thin margin of safety. We can service nearly $2 trillion in additional debt this year—on top of the existing $11 trillion—only because interest rates are so low.</p>
<p>But as a veteran of the near usury of the 1970s and early 1980s, I see no reason why interest rates won’t shoot up to 10% once the economy recovers and the U.S. has to convince lenders to buy our paper in an inflationary spiral. In other words, we could fork out each year about $150-200 billion in interest costs on our annual red ink, in addition to paying annually another trillion dollars to service the existing debt. (We forget that many of us young people in the 1970s and 1980s simply never bought anything new due to high interest: my first new car was not purchased until 1989 when interest was only 7.2% on it; my parents bought a small condo in 1980 for the unbelievably low rate of 8.8%, due only to redevelopment incentives in a bad neighborhood of Fresno. Inflation will be back, even in this quite different age of globalized competition and low wages.)</p>
<p>When Obama talks of a trillion here for health care, a trillion there for cap-and-trade, it has a chilling effect. Does he include the cost of interest? Where will the money came from? Who will pay the interest? Has he ever experienced the wages of such borrowing in his own life? Did he cut back and save for his college or law school tuition, with part-time jobs? Did he ever run a business and see how hard it was to be $200 ahead at day’s end?</p>
<p>What destroys individuals, ruins families, and fells nations is debt—or rather the inability to service debt, and the cultural ramifications that follow. When farming, I used to see the futility in haggling over diesel prices, trying to buy fertilizer in bulk, or using used vineyard wire—when each day we were paying hundreds in dollars in interest on a “cut-rate” 14% crop loan.</p>
<p>The difference between the 5th century BC and late 4th century BC at Athens is debt–and not caused just by military expenditures or war; the claims on Athenian entitlements grew by the 350s, even as forced liturgies on the productive classes increased, even as the treasury emptied. At Rome by the mid-3rd century AD  the state was essentially bribing its own citizens to behave by expanding the bread and circuses dole, while tax avoidance became an art form, while the Roman state tried everything from price controls to inflating the coinage to meet services and pay public debts.</p>
<p>Integral to public debt are two eternal truths: a public demands of the state ever more subsidies, and those who pay for them shrink in number as they seek to avoid the increased burden.</p>
<p>Once the conservative Bush people started talking about trillions in debt in terms of percentages of GDP rather than of real money, I feared we were done for: if a so-called conservative is doing this, I thought, what will the liberal Congress do when it gets back in power?</p>
<p>(One more historical truth: the melodramatic language of people dying, starving, being ignored, etc. increases as the level of government services expands as the fears of public insolvency spread: in the late 1930s our grandparents thought tiny sums from social security were lavish godsends, now we assume a temporary suspension in cost-of-living increases on top of generous pay-outs is nothing short of a national disaster and proof of our collective selfishness.)</p>
<p>Abroad</p>
<p>The same storm clouds pile up on the horizon of foreign policy. One can get away with Carterism for a year or two. Remember, Jimmy Carter was loved up until about 1978, as he bragged of human rights, slashed defense to use the money for more entitlements, promised to get troops out of Korea, sold out the Shah, intrigued with the exiled Khomeini, pooh-poohed communists in Central America, sold warplanes without bomb racks to our allies, lectured on the inordinate fear of communism and sermonized how no one would die on his watch.</p>
<p>We were his Plains Sunday school class, he the sanctimonious prayer leader. The lions abroad would lie down with us, the new lambs, at home. “I will never lie to you” Carter repeated ad nauseam. I used to listen to his call-in empathy radio shows while driving to work as a grad student, and at 24 thought “Does this adult really believe all this?”</p>
<p>And then somewhere around 1979 the world finally sized him up—and the result was a bleeding American goat crossing the Amazon as the piranha swarmed. Radical Islam was on the rise. The Soviet army invaded Afghanistan. Nicaragua blew up. Iran took hostages. And in reaction Carter devised brilliant strategies like boycotting the Olympics and arming jihadists in Pakistan—and more lecturing us from the rose garden. He wanted a flashy hostage rescue mission—after slashing defense in 1977-8: but the two don’t mix, as he learned.</p>
<p>Obama likewise is outside the mainstream of bipartisan Democratic foreign policy as practiced by Truman, JFK, LBJ, and Clinton. He’s to the left of Carter, and indeed, on both Afghanistan and Iran, to the left of France and Germany. Readers, none of you thought you would ever see Europeans wanting us to buck up in Afghanistan and  get tougher against Ahmadinejad.</p>
<p>For now, however, Obama surely sounds mythic. The world adores us. We apologize for slavery, genocide, the cold war, and Hiroshima; you name the sin, Obama wrinkles his brow and provides the mea culpa. Brazilians love it. Egyptians now say we’re A-OK; even sourpuss Russians now smile. Listen to Obama apologize and you would have thought that Americans have leveled Grozny, or obliterated Hama, or swallowed Tibet.</p>
<p>Our administration officials praise the mass-murdering Mao, or talk up the UN “human rights” commission. We reach out to Ahmadinejad, Assad, Chavez, Putin, and others. We snub the Brits, the Europeans, the Japanese, Colombians, Israelis and eastern Europeans. Russia tries a simple gambit—a) lie about helping on Iran, b) in exchange get the US out of the anti-missile business in eastern Europe—it works so well that Putin brags that he expects more of this, as if he is sitting at a rigged roulette wheel in Vegas.</p>
<p>Like our spiraling debt, there will be a reckoning soon, maybe in a year or two—and it will cost more than boycotting the next Olympics.</p>
<p>Fuel</p>
<p>Then there is energy. We are in a very temporary lull of cheap energy, as the world economy catches its breath. And while Obama was right to stiffen efficiency standards and promote alternate energies, he is neglecting the only mechanisms that can tide us over for the next 20 years—more natural gas, domestic oil, shale, tar sands, clean coal, and nuclear energy.</p>
<p>We should be on a dash to build nuclear plants for the coming demand from plug in hybrids and spikes in electricity usage. We should be leasing as much natural gas lands as possible, to gain the supplies to run energy plants and to power vehicles. There is plenty of oil in the Dakotas, California, Texas and in the Gulf and we should be drilling there like mad. Sorry, even Santa Barbara should either ban SUVs or have oil derricks on the horizon. Sarah Palin knows far more about ANWR than does Van Jones.</p>
<p>Instead, we talk grandly of cap and trade, solar and wind, and green lunacies, while very shortly it will cost $5 a gallon to fill up the fleet of Barack Obama’s SUVs. Putin, sly fox that he is, only welcomes a confrontation with Iran: a great way to drive oil speculation sky-high. Ditto the Saudis and the rest. We are one Middle East crisis away from a $100 fill-up.</p>
<p>Terrorism</p>
<p>Here is our anti-terrorism policy.</p>
<p>1) Euphemism: hope that words can change reality—“overseas contingency operations” aimed at “man-caused disasters” (this will mean there is no more terrorism as our enemies are no longer demonized)</p>
<p>2)   Apologies to Islam: boast that Muslims fueled the Renaissance, invented printing, pretty much gave the world our present civilization, while we offended them after 9/11 (this will mean no more plotting inside the US to kill us all, as they sense our newfound empathy)</p>
<p>3)   “Bush Did it”: a) blame Bush the Impaler for our unpopularity and shredding the Constitution to pacify the Middle East and Europe; while stealthily keeping in play most of his protocols like Predators (more attacks in last 9 months than Bush did in 3 years); tribunals, renditions, intercepts, wiretaps, and Guantanamo, etc.); (this will mean that we copy Bush, but blame him for our failures and claim success as our own).</p>
<p>4)   Reach-out: Become socialist at home, and UNish abroad, to convince an Ahmadinejad, Assad, Chavez, Putin, and others that we are a declining, 1950s British-like socialist state, a threat to no one, exceptional in the manner that Greece is, and becoming, as Pravda boasts daily, more like them than they like us (this will mean, why hate us when we are one of you?)</p>
<p>5)  Declare victory and leave: there is a reason why Afghanistan and now Iraq have flared up since Obama took office, and it may well have to do with the fact that radical Islam, defeated in Iraq, stalemated in Afghanistan, suddenly bets that with a little push here and there, Obama will declare victory and leave, with something like “We can’t win Bush’s wars.” If I were a terrorist, I might think, “One or two more big death days, and this American government will Mogadishu its way home”).</p>
<p>In a year or two, al Qaeda will begin to suspect we are the weaker horse. They hated us when we were strong, but they will hate us even more when we appear weak. There will be renewed plots at home, and a fiery Middle East within two years—with all sorts of opportunists like China and Russia ready to capitalize.</p>
<p>Why the pessimism? I think there are a few truths that transcend politics and remain eternal. In life as a general rule, debt has to be paid back, and with greater pain and anger than it was to borrow it. Bullies do not respect magnanimity, but tragically interpret it as weakness to be exploited rather than to be admired.</p>
<p>Hoping that  something good comes true —like being self-reliant through solar and wind—does not make it true; neglecting the riches at hand to dream about greater riches that do not exist is adolescent. Radical Islam hates the West, not because of what we do or say, but because of who we are: a dynamic, mercurial culture that challenges all the protocols of a traditional, tribal and religiously fundamentalist society.</p>
<p>Diplomacy is a tool to lessen, but not eliminate, tensions—a way to conduct foreign policy, not a foreign policy in and of itself.</p>
<p>I hope I am wrong about all of the above, and that human nature really has magically changed in the era of Obama. So close your eyes, listen to the Messiah’s voice, and repeat: “Debts will be forgiven by creditors; inflation will not follow from massive borrowing; breakthroughs in solar and wind will power our cars and heat our homes; enemies will admire our compassion and join us to achieve world peace; and terrorists are either misunderstood or provoked needlessly by our bellicosity that alone stands in the way of peace.”</p>
<p>Believe all that and you can lie back and enjoy the age of Obama.</font color></p>
<p>Reading the comments was a re-education of just how in denial the messiah worshipers really are. My first inclination is pity; then anger at what they are doing to my country, my family, my prodigy and my self.</p>
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