Quote Of The Day

Quote of the Day: “…is limited evidence of changes in extremes associated with other climate variables since the mid-20th century. …no significant observed trends in global tropical cyclone frequency over the past century. …no robust trends in annual numbers of tropical storms, hurricanes and major hurricanes counts have been identified over the past 100 years in the North Atlantic basin.” – United Nations’s Intergovernmental Panel on Climate Change (IPCC)

What Government Do We Want?

Often I am accused of not wanting any government at all because I point out the immorality and unfairness of corrupt government. That in and of itself is quite the social commentary.

I am not opposed to government, I think it is a necessity. What I do oppose is a government that has enough power to make it worth corrupting.

A government that can compel you to purchase something, prevent you from purchasing something or set the price for a purchase has too much power and will inevitably be corrupt.

When we give government or any entity the ability to compel you to purchase something, prevent you from purchasing something or set the price for a purchase then we are requiring the people who comprise that entity to have what amounts to super human morals and a super human ability to resist temptation.

Requiring people to be superhuman is very bad policy.

When governments, banks, corporations, or non-profits are given this much power then corruption and abuse of power is always the result. It does not matter the nation, the race, the gender, the ethnicity, the education, the political party, or the culture – this result is the same the world over.

I think the Obama administration put to death the concept of electing morally superior beings, a concept all statist systems rely on.

When you give a body of individuals the power to control what is bought and sold then those individuals holding that power are always the first thing that is bought and sold. One can look back over the history of the world and easily draw the conclusion that non-corrupt governments have only existed in situations where the power of the government was so limited that it was not worth the expense to corrupt.

This raises the question, in a limited government, what kind of laws do we want to have? I would suggest:

·      We would want laws promoting transparency

·      We would want laws that crush fraud (including fraud committed by the government)

·      We would want laws which crush corruption

·      We would want daylight laws

·      We would want Blue Sky laws

·      We would want laws that promote truth and the completeness of information

·      We would want laws that strongly support property rights

·      We would want laws that support the obligation of contracts

·      We would want laws that prevent any entity from forcing, compelling or coercing anyone into any commercial or social transaction

·      We want people to have a legal remedy to address the destruction of their property by others

·      We would want laws that prohibit the abuse of power inherent in providing a government advantage to a private entity

·      We would want laws that apply to everyone equally in order that the power of the corrupt to raise funds by exempting some from the law is no longer an available tactic

These are just some thoughts on the laws that would encourage equality and an equitable society rather than destroying society via corruption.  It is not the absence of government for which we advocate, it is the absence of corruption. Corruption is always the by-product of the power to force, coerce or compel commercial or social transactions. The more effective we are at pulling back that power the less corrupt our government will be and the more prosperous, equitable and fair our society becomes.

Quote Of The Day

Quote of the Day: “The island conservationist Josh Donlan estimates that islands, which are just 3 per cent of the Earth’s surface, have been the site of 95 per cent of all bird extinctions since 1600, 90 per cent of reptile extinctions, and 60 per cent of mammal extinctions. Those are horrifying numbers, but the losses are extremely local. They have no effect on the biodiversity and ecological health of the continents and oceans that make up 97 per cent of the Earth.” – Stewart Brand

Do The Right Thing

“In a free market, people earn money by working (income) or by saving and investing it (capital growth). But credit-based money needed neither work nor saving; you just had to know the right people. Private banks, aided and abetted by the Federal Reserve, could create as much credit money as they pleased and feed it to their cronies on Wall Street. The new money was then transformed as miraculously as water into wine. For the privileged insiders it was almost free; the Fed made sure of that. But for consumers, it became a heavy burden of debt. And for the economy, it became an inflation mechanism for financial bubbles. The most recent blew when the banking and mortgage industries (part owned by the feds by way of Fannie and Freddie) lent trillions of dollars to homebuyers, who ended up with debt they couldn’t afford for houses they didn’t need. In 1995, the subprime loan market was about $65 billion. By 2007, it had ballooned to $1.3 trillion – a 1,900% increase.” – Bill Bonner

What Bill Bonner was describing in this quote was the economic crisis of September 2008. A remarkably large number of American citizens seem completely unaware of our governments response to this crisis over the last almost nine years: they have re-inflated that bubble and made it three times larger than it was in 2008.

The majority of Americans seem blissfully unaware of this. In a nutshell this is how it works: the Federal Reserve creates credit at a near zero percent interest rate, people with the proper political connections borrow this money for free, they then use this credit to leverage the stock market, by introducing ever more credit into the stock market they drive the prices ever higher. This is what is happening in simple terms. If you are properly connected you can get phenomenally rich for doing absolutely nothing but borrowing money for free.

People with access may also collateralize and rehypothecate the credit. It is free money for those who are connected.

This is the ultimate form of government largesse, crony capitalism, political corruption and getting rich based solely on whom you know.

This is politician’s stealing your money by the trillions and giving it to their friends.

Understand that you the American taxpayer are on the hook for this. We are well down the road to serfdom under these policies and four or eight more years of this and the wealth redistribution to the wealthiest will be complete. A few more years of this and your opportunity to escape the increasing poverty will be diminished to nearly zero.

The saddest part of this is that nearly all the Democrats are either too naïve to understand that this is happening and that this is what they voted for, or they have too much pride and ego to admit that this is what has happened. What you need to know is that each Democrat and most of the Republicans have stated or implied that they would continue these policies.

Each and every politician needs to be questioned on these policies and if they would continue them. Each politician also needs to be asked what their escape plan is if they do not support these policies.

I want people to engage and understand what is happening. I am just aghast at the number of people who have no idea what so ever as to what occurs in their country, yet they vote. These people in Washington truly wish to separate you from your money and divide your money up among their friends. Somehow many people, and nearly all Democrats and Progressives, have decided that this is a wonderful idea.

We need to stop being Democrats and Republicans and start being Americans or we are likely to give away the whole store in the very near future. 93% of Americans are losing net wealth under these policies and losing net wealth at a record setting rate. 7% of Americans are gaining the wealth the other 93% are losing.

93% of Americans should be able to unite and say ‘No more’ to these policies. Put your pride and ego aside and do the right thing.

Other Side Quote Of The Day

Other Side Quote of the Day: ‘“Demographers agree almost unanimously on the following grim timetable: by 1975 widespread famines will begin in India; these will spread by 1990 to include all of India, Pakistan, China and the Near East, Africa. By the year 2000, or conceivably sooner, South and Central America will exist under famine conditions…. By the year 2000, thirty years from now, the entire world, with the exception of Western Europe, North America, and Australia, will be in famine.” – Peter Gunter, a professor at North Texas State University, in a 1970 issue of The Living Wilderness

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