| “I am the finance minister of a bankrupt country." ~Yanis Varoufakis,
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March 2nd, 2015
- U.S. consumer spending fell for a second straight month in
January. The Commerce Department said on Monday consumer spending
slipped 0.2 percent after falling 0.3 percent in December.
(Reuters) - U.S. consumer spending fell for a second straight month in January. The Commerce Department said on Monday consumer spending slipped 0.2 percent after falling 0.3 percent in December.
Consumers are expected to be on a constant shopping spree in order to keep the U.S. econbomy on an arbitrary expansionist track. But they can't do that when they're waist deep in snow, faced with high levels of debt to work off, and worried about the soariung costs of medical insurance and sickness care.
The bottom line: If consumers take a breather from
spending money they don't have on things they may not need a lot of
debt-ridden businesses will be forced to close up shop.
Forty-three percent of Americans think Saddam Hussein was personally involved in 9/11.
Sixty-four percent cannot name the three branches of the federal government.
Fourteen percent are illiterate.
Twenty-six percent think the sun goes around the earth.
Oh, dear! This
is enough to make your run-of-the-mill curmudgeon rush to the keyboard
to dash off a biting commentary on the sad state of general
intelligence in the USA. To an exceptionally practiced curmudgeon
like Fred Reed it's a good excuse to call for a way to keep these
dummies away from the voting booths.
"For voting in federal elections, we should employ a literacy test to
disenfranchise the majority of the population, to the infinite
betterment of the country. This wise move should be accompanied by an
increase in the voting age to twenty-five." The 145
"Gullible vote fodder." Has a distasteful sound.
Why did "Doc Martin" grow a mustache?
For his role as Sir Arthur Conan Doyle.
The popular British actor Martin Clunes assumed the role
of Doyle when the famous author became a real-life Sherlock
Holmes in 1906 to help exonerate a wrongly jailed man. A
bundle of evidence Doyle used in the case is reported to have recently
gone on sale for £40,000.
We, ourselves, wrote an essay concerning Holmes's'influence on the invention of modern radio. We presented the concept to a meeting of the Hansom Wheels in Columbia, SC some time ago. Anyone interested in the activities of this diverse group of Sherlock Holmes devotees hould check out its web site....HANSOM WHEELS. Read the organization's newsletter, the Pink 'Un. Membership in the group requires little more than showing up and paying a meal tab.
smattering of economic philosophy for the weekend.
"For an organization that has a message that supposedly is able to transform the world, the American Right has certainly proven to be completely incapable of recruiting and training cadres of true believers who are willing to go out and spread the message."
Well, Dr. Gary North really gets into it,
raising the fundamental question about conservatives inability to
convince the voting majority that a smaller, leaner, more efficient
governement is more beneficial to society than the current debt-ridden
monstrosity. One of North's graphic exhibits reveals the
towering public debt as exceeding 100 percent of the nation 's Gross
Domestic Product. Even the most devout liberal economist will
admit such a seriously distorted ratio cannot last forever.
This is boring stuff, to be sure - but the sense the economies of the world are badly out of sync is running higher than usual. Almost everyhwhere some form of the socialist idea is dominant and North wonders why a message of liberty, freedom, and responsibility has little effect. He has a plan. TRAINING A CADRE
financial assets exist
in the bowels of computers.
"If you look at M2 money supply — which measures coins and notes in circulation as well as bank deposits and money market accounts — America’s money stock amounted to $11.7 trillion as of last month.
there was just $1.3 trillion of physical currency in circulation —
about only half of which is in the US. (Nobody knows for sure.)" THE DAY THE ATMS RUN
OUT. . .
If ever a catastrophe interrupts the commputers the demand for cash will soar and there is not nearly enough to go around. Hence, warnings from scribes like Bill Bonner.
"Gold prices will rise or the amount of debt in the world will seriously contract. Bet on rising gold prices."
Gary Christenson sees heavy inflation in our future!
BOOK BURNING, ISIS STYLE.
While the world was watching the Academy Awards ceremony, the people of Mosul were watching a different show. They were horrified to see ISIS members burn the Mosul public library. Among the many thousands of books it housed, more than 8,000 rare old books and manuscripts were burned. BOOK BURNING
"The Islamic State is no mere collection of psychopaths. It is a religious group with carefully considered beliefs, among them that it is a key agent of the coming apocalypse. Here’s what that means for its strategy—and for how to stop it."
This remark by Graeme Wood is caused a bit of a stir on the Internet. It sheds light on the question, raised by President Obama, about whether ISIS is conducting a religious war. Says Wood, "Nearly all the Islamic State’s decisions adhere to what it calls, on its billboards, license plates, and coins, 'the Prophetic methodology.' " What ISIS Really Wants.
Finaly, a clip from the editorial pages of Monday's Wall Street Journal. An excerpt from "Islamic State's Global Ambitions" by Jessica Lewis McFate and Harleen Gambir:
The ISIS cancer has metastasized , as the al Qaeda cancer did before it. The two are now competing to see which can kill more people faster. It is past time to recognize the scale, scope, and magnitude of the enemies America and its allies face and develop clearly stated global, regional, and local strategies to fight them."
McFate is former U.S. Army intelligence officer. Gambir is a counter-terrorist analyst.
A Confusion of Dollars.
The total face value of these six objects is $6.00. If you brought them all into a bank for deposit you would be credited with only six dollars, although some of the coins would be worth more to coin collectors.
The five coins were manufactured by the Treasury Department at the U.S. Mint. The paper note was printed at the Bureau of Engraving of printing and is an IOU distributed through the Federal Reserve System.
The coins at the top (l-r) are an Eisenhower dollar, a Susan B. Anthony dollar, a Sacajawea dollar, and a Presidential Series dollar. They are all are base metal coins and none of them are in general circulation.
The dollar coin at the bottom of the photo is the only dollar containing precious metal...almost $20.00 worth of silver. The government will not accept the silver dollar at anything more that $1.00 if offered for payment of taxes, yet it demands that its value be calculated at the market value of silver if received as compensation by a taxpayer. This conflict of logic and reason is widely ignored by the judicial system.
The United States dollar once had a precise physical dimension. Now, it does not - which adds to the utter confusion about money.
NOW ON TO OTHER MYSTERIES. . . .
"The real problem with Obama is that the citizens of the global superpower twice elected him to office. Yet one way to look at the current 'leader of the free world' is this: If he were working for the other side, what exactly would he be doing differently?" ~Mark Steyn
Steyn and many other scribes are annoyed by President Obama's contorted opinion about the relationship of the Islamic State and religion. Obama is anxious to make the world believe these radical jihadists are merely "violent extremists' who sully the good name of Muslims. Unfortunately, IS leaders are constantly repeating their affirmation of Allah and their aim to spread their fundamentalist brand of Islam upon as much of the world as it can. Even to the casual eye this is a religious conflict, an attempt by Muslim extremists to impose a theocracy upon as many people as they can conquer.
Why Obama doesn't grasp the situation, we don't know. We also can't understand why strong Muslim leaders from the Islamic mainstream aren't speaking out publicly against the Islamic State. bsp; Mr. Stockman seems to be appearing all over the Internet with his persistent prediction of pending financial doom. His credentials go back to the Reagan White House where his advice almost always irritated political liberals.
He is the antithesis of economist Paul Krugman. Reader's who subscribe to Krugman's view that an economy runs better when the governbment is firmly in charge of its management will disagree with most of Stockman's views. The Clock is Ticking .