Wednesday, August 24, 2016

Canada's Ponzi Economy and the Vancouver Housing Market

For details and an interactive map go here
Here's a map showing the proportion of Vancouver residents who are financially qualified to purchase a median priced home. The areas shaded in pale yellow, i.e., most of the map on the West side of town, indicate where less than 20% of households are so qualified.

It reminds me of 1986 when we planned on moving from the West Coast to Toronto. House prices in Toronto were on a crazy roll. Inventory was almost non-existent, and most of the houses that were for sale looked as though they were occupied by the kind of people who couldn’t possibly afford to buy a house for the kind of money their house was priced at.

But think about this. In 1972, we contemplated buying a house in the 4700 block of Vancouver's W 2nd Avenue, which was priced at $189 K. In the 46 years since then, that house has appreciated (according to the BC Assessment Authority) over 62 times to almost $12 million. That’s equivalent to a 500,000% increase per century. Does that sound like hyper-inflation?

Yet if real mortgage rates go negative, who’s to say prices cannot still sky-rocket!

Still, I don’t think things can go on as they have. In the short-run perhaps, but in the long-run, the trend for a huge and increasing proportion of income to be devoted to the payment of rent, either to landlords, or as interest on mortgages to banks, cannot continue. More capital has to go into productive sectors of the economy that generate real wealth, as opposed to capital gains on real estate which are in reality generational wealth transfers.

Of course I’m not complaining. Since the early 70's, our house (not in Vancouver) has appreciated about four times faster than wages, so when it is sold it should reap a windfall for someone — my estate I suppose — of around a million dollars (that's if I die soon, much more, on current trends, if I die later), the gain to be at the expense of the poor folks who will have to pay the mortgage on that amount.

Does that sound reasonable and fair? Will Canadians for ever put up with a Ponzi economy that punishes young adults most, i.e., young folks entering the RE market? It's great, I suppose, if you want to perpetuate the failure of Canadians, a tiny population occupying half a continent, to fully reproduce themselves (but that's another matter).

Question is, how did we get to the present state of the economy and how could that state be changed?

Steve Keen, and others outside the bubble of Nobel-Prize-winning bullshit economics, have well revealed the pathologies of the FIRE economy that has dominated the West since the drive for globalization went into high gear in 1994. That was the year Bill Clinton signed the GATT agreement, a treaty that exposed US labor to unrestricted competition from workers of the Third World earning less than 5% of US wages.

As American and other Western workers affected by the new wave of globalization became increasingly uncompetitive in the internationally tradable sectors of the economy, they made up for the short-fall in income by taking on ever increasing amounts of debt, the debt bubble continually stimulated by declining interest rates (now absurdly entering negative territory), and money creation, mainly by private institutions.

The question is, what to do to reverse this trend and stimulate wealth creating investment?

The answer, obviously, is to redirect capital from consumption and speculative investments in a Ponzi economy into productive activities. Trouble is, Western governments are all owned by the banks and other financial corporations that reap the profits of the debt-based economy and see less opportunity for profit from investment in productive endeavors than in driving asset bubbles.

So what to do? A lynching or two might help. At least the total public humiliation of scoundrel politicians such as Blair and Brown and Cameron, the Bush’s and the Clinton’s who do the bidding of the corporate elite (for pay) would be a start, so the ongoing public humiliation of Hillary, a life-long liar and swindler, is an encouraging start. A war crimes trial for Bush and Blair would be another step in the right direction. Publicly debagging some Central Bankers, past and present, would be a good idea too.

How Hillary Claims to Have Been Duped By Dubya's Preposterous Lies for War With Iraq



Amazing, really, that a candidate for the US Presidency in 2016 would claim to have been duped by Dubya's 2003 lies in justification of the criminal war of imperialistic aggression against Iraq.

At the time, I didn't believe a word of what we now know for absolute certainty to have been a stream of lies for war from Bush and Blair and their media accomplices, the New York Times (remember the scare about Saddam's aluminum tubes), WaPo, Fox News and the British Broadcorping Castration (remember Saddam's drones of death that would spread plague across the Western world), etc., etc. Neither did my old school bud, the late Postman Patel, aka Edward Teague, believe the obvious rubbish and lies propagated by the political class and the media to justify an war of aggression against Iraq.

In a precient essay he wrote about the, then, forthcoming Iraq war for my old Web site, the Canadian Spectator, Edward accurately predicted the disaster that the Iraq war would become:
What is uncertain is the aftermath. This is the variable never publicly factored into the thinking(?) of the Tony Sopranos of Dubya's gang; their deeds plant the seeds of future, furious, frightening resistance. As many as half a million Iraqi soldiers may be intentionally killed and perhaps 100,000 civilians written off to collateral damage. Think of the grief of millions after this slaughter, the conversion of that grief into rage, combine that with the internecine struggles based on historical ethnic fault lines (that the Ba'ath Party has repressed), and we begin to appreciate the explosive complexity of post-invasion Iraq.
In fact, this was not genius. It was just rational thinking that no doubt also underlay the war planning at the Pentagon and the White House. But acknowledging the truth about America's imperialistic wars of aggression can never be admitted. American foreign policy requires a bodyguard of lies and liars, which means that American politics now depends on the maintenance of an ever growing body of lies through the election of career liars such as the Bush's and the Clinton's aided by the ever mendacious corporate media oligopoly.

The American Republic, RIP.

Iraq, Under Re-Construction

Edward Teague: Bush's gang of mad beekeepers

Tuesday, August 23, 2016

Time Is Neither Absolute Nor Does It Flow Equably, But It Does Flow

Absolute, true and mathematical time, of itself, and from its own nature flows equably without regard to anything external, and by another name is called duration: relative, apparent and common time, is some sensible and external (whether accurate or unequable) measure of duration by the means of motion, which is commonly used instead of true time ...Isaac Newton
Things always change, as do we ourselves, in our perceptions, our beliefs, our social life, our mortal frame, the latter ultimately to be with clay compounded, or as a plume of smoke and a heap of ashes dispersed.

We cannot pause or rerun the tape.

Or can we?

HuffPo: Donald Trump Is Going To Be Elected

If the Huffington Post tells you that Hillary is going to be elected, you know that's merely what they're hoping for.

 But when the Huffington Post tells you that Donald Trump is going to be elected, you know they mean it. And they have some pretty good reasons.

Related:

Former Tom Bradley Aide Says Secret Trump Voters Similar to ‘Bradley Effect’

Monday, August 22, 2016

Dilbert Creator, Scott Adams: "The Public will decide and the Leaders Will Follow." Shuuuure!

Quickly, name a policy idea from a major candidate that is both deeply unpopular with the public and also likely to become a law. I can’t think of one. That isn’t even a thing anymore. If the public doesn’t like it, the leaders can’t do it. Period.
The above is from Scott Adams's current blog post.

Does it make any sense?

Consider his demand: "Quickly, name a policy idea from a major candidate that is both deeply unpopular with the public and also likely to become a law."

First, why "quickly"? Why can't we think about it a bit a make a suggestion that might challenge his assumption?

Second,

Lying US State Department Lied About How It Lied to the American Public

Saturday, August 20, 2016

Why the Left Abandoned the Workers to Serve the Money Power

Over on Ron Unz's Review, Professor Paul Craig Roberts argues for a return of the left to its traditional role in serving the interests of working people. This, however, is a pipe dream. The last time the left mattered in the Western world, or indeed had any reality, was in the late 60's, the era of Lyndon Baines Johnson, Harold Wilson and Gough Witlam. Then followed the times of Richard Nixon, Ted Heath and Malcolm Fraser, when the new globalization took off.

Image source.

In the late sixties, the left in the Anglo world still had political power, which was exercised through left-associated political parties, i.e., the US Democratic Party, Britain’s Labour Party, Canada’s New Democratic Party and Australia's Labour Party. Such influence depended in large part on the financial support and intellectual resources that  that labor unions provided left-wing parties.

Thursday, August 18, 2016

From Brexit to Eurasian Integration?

Who rules East Europe commands the Heartland;
who rules the Heartland commands the World-Island;
who rules the World-Island commands the world.

Halford John Mackinder
Britain's new Prime Minister, Teresa May, who campaigned against Brexit in the June referendum, is in no hurry it seems, to execute the will of the British people to quit the EU. Rather, her government has indicated that it will take its time, up to three years, to act upon the will of the people.

If a week in politics is a long time, three years is an eternity, during which the direction of any government may rotate one hundred and eighty degrees multiple times. Thus one explanation for Ms. May's slow mo approach to Brexit is that she has no intention of going through with the process, but as we posited the other day, seeks rather to defeat the will of the people by avoiding Brexit altogether.

But this explanation for the UK Government's tardiness in implementing Brexit is not as compelling as it may at first appear. The EU, after all, is moribund, with most of its constituent nations resentful of the way that Germany, the EU's industrial power house, has prospered while ruthlessly imposing austerity on the EU's weaker members. Moreover, the weakness at the periphery of the Eurozone is a direct result of the strength at the center. The Euro, being under-priced relative to the productivity of Germany's workforce, has strongly stimulated the German economy, whereas it has more or less severely retarded the economies of other EU nations, where workforce productivity is lower, or much lower, than Germany's.

The economic difficulties of much of the EU combined with the widespread disgust at Ms. Merkel's enthusiasm for flooding Europe with millions of young, aggressive Muslim males suggest that the EU is now in a condition similar to that of the no less democratic Soviet Union at the moment of its of implosion.

Why then would Ms. May, apparently an astute politician, decline the opportunity that the Brexit vote provides to abandon a sinking ship?

The answer, surely, is to be found in geopolitics. If Britain were to exit the EU tomorrow, which it undoubtedly could, its relations with the United States would require drastic revision. As a member of the EU, Britain has a special relationship with the US. It is a convenient location for many American corporations doing business in Europe, and serves, by virtue of the "special relationship," as an agent of influence for the United States within the EU. Outside the EU, however, Britain is of rather little consequence to the US except as an unsinkable aircraft carrier, within striking range of Russia, North Africa and the Middle-East. In other words, outside the EU, Britain's value to the US becomes chiefly that of a military base, a European off-shore island under military occupation.

What then should Ms. May do?

Under the circumstances, the time is clearly ripe for a total reconsideration of the administrative structure, and economic and military relations of both the UK and the EU. The prospect of the imminent implosion of the EU must surely have concentrated the minds of a formerly complacent EU elite. The anti-nationalist policies of the EU are loathed and despised by all but the most brainwashed of the European population, while the anti-Russian policies forced upon the EU by the United States are resented by the business class for the damage they do to multiple industries from agriculture and tourism to engineering and the military industrial complex.

The remedy for Europe thus seems clear: change sides in the New Cold War. That means calling a new world into existence — the Eurasian World — to redress the balance of the old. Russia is back as a world power. Only a lunatic or totally enslaved Europe will wage war against Russia for the benefit of American global domination. Rather, Europe has no rational foreign and economic policy other than Eurasian integration: a free-trade zone and security zone from Atlantic to Pacific based on Russian resources and defense and space technology; European capital, science and advanced technology; the vast human capital of Asia; these linked by the new Silk Roads, Rails and Pipelines.

Domestically, the European nations must restore their democracies, drive out alien ideologies from political correctness to Islamic fundamentalism, while restoring the vitality of their indigenous populations and cultures.

The result?

One hundred years of peace, perhaps, during during which we might figure out how to rid the world of weapons of mass destruction, live in balance with the environment, and devise a long-term future for humanity.

Wednesday, August 17, 2016

Why Do Liberals Promote Diversity? Because They Hate It

Malcolm Pollack has a sharp comment about liberal humbug on the question of human racial diversity.

Liberals have long denied the reality of race, gleefully dismissing any who disagree with them as racists. I say gleefully, thinking in particular of liberals in the EU, where the expression of racist ideas is a criminal offense punishable by imprisonment.

But now the trouble for liberals, as Pollack notes, is that there are too many scientifically literate people exposing the obvious stupidity of denying that human groups differ in heritable characteristics — like West Africans, for example, being (some of them) very fast runners compared with the rest of humanity; or Australian Abos. having an exceptionally large visual cortex, which correlates with a superior capacity for finding one's way in the bush.

What's more,

Tuesday, August 16, 2016

Fixing Brexit: Defeating the Will of the British People

It seemed strange to me that after Prime Minister David Cameron, an opponent of Brexit, resigned following the victory of the Outs in the Brexit referendum, the governing Conservative party chose Teresa May, one of the Ins, as its new leader.

Stranger still, it seemed to me, that almost immediately after become Prime Minister, Teresa May decided to go to Switzerland for a couple of weeks "holiday."

Really? I mean, if she's so weak that merely being appointed Prime Minister necessitates a holiday, what use is she?

But then the question naturally arises, what discussions, negotiations, or deals might more easily be conducted during a two-week-long foreign holiday, than while resident at her official Downing St. home in London. Could it be that Ms. May is working to betray the people and reverse the Brexit decision?

Sunday, August 14, 2016

More About the Art Students Who Occupied the Eleventh Floor of the North Tower of the WTC

What are the odds that an avant garde Austrian art group was given access to the 91st floor of the North Tower of the World Trade Center to remove windows, erect platforms outside the structure and leave material that could only be viewed by a close passing helicopter on a clear day? Well they are 100%.

What are the odds the art troupe are named after an explosive called Gelatin? What are the odds this group is sponsored by a cultural group who has an Israeli agent as a member who lived blocks from Mohammed Atta the terrorist who hated modern art and crashed an aircraft into it? Well they are 100%.

What are the odds that the markings on the cases that lined the walls of the space they were using were the same markings used for a special fuse holder assembly that allows for complex wiring? Well they are 100% too.

What are the odds the New York Times actually published a full page feature in August even showing pictures of the artists at work? Yes 100%.

At the same time there was another group of artists in occupation at the WTC. Their name? the E-Team. And they made no secret of their presence:


So there were two groups of artists occupying the World Trade Center just before 9/11: one with a special interest in explosives, the other apparently made up of electricians. An ideal combination, really, if you wanted to bring the building down in a controlled demolition.

Related: 

WORLD TRADE CENTER’S INFAMOUS 91ST-FLOOR ISRAELI ‘ART STUDENT’ PROJECT

Saturday, August 13, 2016

ABC Live Poll: Donald Trump 68%, Hillary Clinton 6%

ABC's online poll, with over 86,000 votes recorded shows Hillary nowhere, Trump leading with two thirds of the votes cast. However the poll is now reported to be a hoax. Still the alleged poll results are consistent with the attendance at Clinton and Trump rallies, see  photos published on LiveLeak and below.

And here's an amazingly simple means of running an honest election as outlined on the LiveLeak page linked above:

CNN Exposes Trump's Horrible, Bigoted, Racist View on Muslims



Related:

Donald Trump’s 2nd Amendment Warning Was on Target

Calling Trump a Racist Only Makes Supporters More Committed

Why The Media Disinformation Campaign Against Trump Will Fail
The .. fact .. is that this is still a very close race and the media is falling over themselves to try and trip up Donald. The same tactics were employed in the primary by 17 very qualified opponents, and all I really need to say is—where are they today?

It is interesting that the media is now taking an “All of the above” approach to their endless attacks... Gone are the blanket recitations of “Trump is a racist” or “Trump is a sexist.” Instead, the media is employing a tactic the Marines refer to as “spray and pray.” They don’t have any specific targets, but they know they are cornered, so they are wildly swinging about with their finger down on the full auto trigger. ...

Wednesday, August 10, 2016

Why Old People Can Be Great Leaders

Scott Adams, the creator of the Dilbert cartoon strip, has written a series of blog posts about the US Presidential election. In his current post he argues that whoever wins, Hillary or Donald, will be a bad president because they are too old for the job.

Being a bit older than Scott Adams, and older even than both Trump and Clinton, I have, perhaps, some qualification to comment on this theory, which in my view is mistaken. But before considering the question on the basis of any theoretical consideration or my personal experience of age, what of the historical evidence?

Consider Prince Mikhail Kutuzov, appointed Commander in Chief of the Russian Army as Napoleon embarked on the invasion of Russia in 1812. Aged 67, grossly overweight, within months of death from natural causes, Kutuzov ordered Russian forces to retreat in the face of the enemy, burning crops and grain stores as they went. Suffering from narcolepsy, Kutuzov had to be tied to his horse to prevent him falling off when he drowsed. Periodically, his staff officers would wake him and ask "what now," to which he would reply "continue the retreat."

Sick Hillary

Bizarre Behavior, Seizure Allegations Raise Doubts About Hillary Clinton’s Health

Is Something Wrong With Hillary: Bizarre Behavior, Seizure Allegations Raise Doubts About Her Health

Expert Analysis of Hillary Clinton’s Physical and Mental Breakdown

Hillary Clinton May Have A Brain Tumor: Board Certified MD/Psychiatrist

Hillary Clinton’s Health In Rapid Decline – Will She Even Make It To Election Day At This Rate?

Hillary Clinton Propped Up by Man to Keep From Falling Over While Making Campaign Speech

Sunday, August 7, 2016

Obama’s Cash Payment to Iran Was More Than a Ransom — It Broke Criminal Law

By Andrew McCarthy

National Review August 6, 2016: Did it ever occur to President Obama to ask why he couldn’t just cut a check to the Iranian regime?

Outrage broke out this week over the revelation that Obama arranged to ship the mullahs piles of cash, worth $400 million and converted into foreign denominations, reportedly in an unmarked cargo plane. The hotly debated question was whether the payment, which the administration attributes to a 37-year-old arms deal, was actually a ransom paid for the release of American hostages Tehran had abducted.

It is a waste of time to debate that point further. The Iranians have bragged that the astonishing cash payment was a ransom — and Obama has been telling us for months that we can trust the Iranians. The hostages were released the same day the cash arrived. One of the hostages has reported that the captives were detained an extra several hours at the airport and told they would not be allowed to leave until the arrival of another plane — inferentially, the unmarked cargo plane ferrying the cash. The reason American policy has always prohibited paying ransoms to terrorists and other abductors is that it only encourages them to take more hostages. And, as night follows day, Iran has abducted more Americans since Obama paid the cash. No matter how energetically the president tries to lawyer the ransom issue, if it looks like a duck, and quacks like a duck . . . More worth examining is why the transaction took the bizarre form that it did. To cut to the chase, I believe it was to camouflage — unsuccessfully — the commission of felony law violations.

Read more

Friday, August 5, 2016

10 Facts the Mainstream Media Won’t Tell You About the War in Syria

Yesterday, on the radio, I heard Obarmy lying copiously about Syria and the evil of Assad and Putin, so it is with pleasure that I reproduce the following item from Information Clearing House.

Another listener nauseated by Obama's lying spiel was Paul Craig Roberts: "It sickens me to hear the President of the United States lie and construct a false reality..." Roberts' further reaction to the comments of the Liar-In-Chief, entitled Behold, a Pale Horse and its Rider’s Name Was Death, appears here.

By Darius Shahtahmasebi

August 04, 2016 "Information Clearing House" - "Anti Media" - Corporate media regularly attempts to present Bashar al-Assad’s government in Syria as solely responsible for the ongoing conflict in the region. The media does report on events that contradict this narrative — albeit sparingly — but taken together, these underreported details shine a new light on the conflict.

10: Bashar al-Assad has a higher approval rating than Barack Obama

Wednesday, August 3, 2016

Making Britain Not Great Through Chinese Government Ownership of British Electrical Utilities

Britain was great when it owned much of the world, drawing interest from foreign government bonds and dividends on shares in foreign railways, plantations and factories.

Today, China wants to invest in Britain, over one hundred billion pounds in the next few years, according to President Xi, all of which, Xi threatens, will be jeopardized if Britain nixes a Chinese-financed nuclear power plant just up-wind of London.

During the 19th Century, the Brits and other Western nations bullied and exploited China outrageously, and President Xi no doubt relishes the prospect of pay-back. But the West is not finished yet and it is clearly time for Britain's new PM to prove her metal by telling President Xi to go piss up a rope.

Tuesday, August 2, 2016

Teresa May to Nuke Cameron's Insane Nuclear Power Deal?

Britain's female rulers from Boadicea (or Boudica with a hard 'C', as scholars insist) to Good Queen Bess, and Margaret Thatcher have been pretty much like the majority of their male counterparts — but with balls.

One can only hope that Teresa May, Britain's latest female leader, conforms to type.

To date, she has shown promise by, among other things, telling the Scotch Nats. to forget about another referendum, confirming that having nuclear weapons means being willing to use them, and threatening to nuke the nuke power deal agreed by her predecessors, the schoolboy prime minister, David Cameron, and his playboy finance minister, George Osborne.

Sunday, July 31, 2016

The Dopiness of the Harvard Economist: People Won't Vote As We Tell Them

Globalization is good,

GLOBALIZATION IS VERY GOOD,

GLOBALIZATION IS ABSOLUTELY BRILLIANT,

dammit.

How often does a Harvard Economist have to say that before people give up their petty attachment to their native race and culture, their selfish desire to keep Britain British, to preserve Europe's Christian tradition, or America, American?

Millions of times, according to Greg Mankiw, of Princeton, MIT and Harvard, and chairperson of the economic advisers to President Dumbya Bush.

Thursday, July 28, 2016

Hillary's Presidential Nomination Acceptance Speech: You Saw It Here First

Hillary's had a bad couple of weeks. In that time Trump has seen a seventeen percent positive swing in the polls, according to Reuters, and now leads Clinton by two points.

Bernie Sanders has quit the Democratic party and his supporters are yelling "lock her up."

Meantime, millions have been watching documentaries from Clinton Cash to The New Clinton Chronicles, or reading Crisis of Character, which describes the Clinton White House as "a den of coke and mistresses," and Roger Stones "The Clintons' War on Women."

Nyet Again

How Polite Russians say "you kidding?"

By Dmitry Orlov

The way things are supposed to work on this planet is like this: in the United States, the power structures (public and private) decide what they want the rest of the world to do. They communicate their wishes through official and unofficial channels, expecting automatic cooperation. If cooperation is not immediately forthcoming, they apply political, financial and economic pressure. If that still doesn’t produce the intended effect, they attempt regime change through a color revolution or a military coup, or organize and finance an insurgency leading to terrorist attacks and civil war in the recalcitrant nation. If that still doesn’t work, they bomb the country back to the stone age. This is the way it worked in the 1990s and the 2000s, but as of late a new dynamic has emerged.

In the beginning it was centered on Russia, but the phenomenon has since spread around the world and is about to engulf the United States itself. It works like this: the United States decides what it wants Russia to do and communicates its wishes, expecting automatic cooperation. Russia says “Nyet.” The United States then runs through all of the above steps up to but not including the bombing campaign, from which it is deterred by Russia’s nuclear deterrent. The answer remains “Nyet.”

Read more...

Wednesday, July 27, 2016

Some Reasons Why Americans Should Vote for Trump


Obama is against Trump
The Media is against Trump
The establishment Democrats are against Trump
The establishment Republicans are against Trump
The Pope is against Trump
The UN is against Trump
The EU is against Trump
China is against Trump
Mexico is against Trump
Soros is against Trump
Black Lives Matter is against Trump
MoveOn.Org is against Trump
Koch Bro’s are against Trump
Source

Plus: Stephen Miller:



So Bill Clinton Claims That Hillary Is A Leader & Trump Is A Liar... 
Watch & Then You Be The Judge:



Krauthammer: Trump’s Russia Comment ‘Set A Trap That 
The Clinton Campaign Fell Right Into’:

Tuesday, July 26, 2016

Plotting the War Against the Democratic, Sovereign, Nation State? Dubya, Bubba and Bliar Meet in an Arkansas School Basement

A school basement in Arkansas, the outhouse of America as H.L. Menchen dubbed that state, seems an unlikely place for a meeting of the three most eminent Western war criminals. But difficult times compel desperate measures, and with Democrats as well as Republicans chanting "Lock Her Up" before the next in line as globalist Conspirator-in-Chief has been placed, by whatever means necessary, in the White House, times are indeed desperate for the Globalist traitors.

I'm with HER: Hillary for Elite Rule
The unlikely purpose of this improbable summit meeting, or rather subterranean, huddle, was supposedly to be attendance at a graduation ceremony for the Presidential Leadership Scholars Program. Yeah, sure. And next week the Queen of England, the King of Siam and Anastasia, the long lost heir to the Russian throne will meet in Piddletrenthide, Dorset, England to attend the Women's Institute jumble sale.

These are, indeed, interesting times.

Related: 

The Dark and Rotten Election

Saturday, July 23, 2016

How Trump Stumped the Chumps at WaPo, NaPo, the Gruniard and the Rest of the Globalist Media from Liberal Left to Liberal right

By Conrad Black

The National Post, July 23, 2016:

What the world has witnessed, but has not recognized it yet, has been a campaign of genius. No one in history has come from an apolitical background to take over complete control of one of the great American political parties. World-historic generals, Ulysses S. Grant and Dwight D. Eisenhower, were recruited by party grandees. Newspaper publisher Horace Greeley for the Democrats (1872), and utilities executive and lawyer Wendell Willkie for the Republicans (1940), were nominated, but they won narrowly, did not take over the party organization or put the party elders to flight, and had no chance of winning (against Grant and Franklin D. Roosevelt). The Trump candidacy was greeted with howls of derision — the cognoscenti conducted a Bataan Death March retreat. Trump couldn’t get more than 20, 30, 40 per cent, would be trashed at the convention, would splinter the party, would be waxed by Mrs. Clinton (who has had problems enough coming in ahead of a campy Vermont socialist and avoiding an indictment).

Read more

Thursday, July 21, 2016

Nationalists Versus Globalists

Nationalists believe that the occupants of a territory have all the rights of ownership to that territory including the right to govern themselves as they see fit, such governing rights including:

(1) the right to limit or entirely prohibit the settlement on its territory of people from elsewhere, such limitation being either general or specific as to the origins, religious beliefs, political affiliations, age, sex, health, financial resources, education, linguistic or professional qualifications or other characteristics of prospective immigrants;

(2) the right to regulate trade, financial transactions, and information exchange with foreign entities for the purpose of promoting national prosperity and security;

(3) the right to defend national interests by force of arms.

Globalists deny the legitimacy of the territorial rights of nations, recognizing only the claims of private property as legitimate. Globalists thus assert the moral right of private individuals, including corporations, to buy and sell property, and to move goods, capital, technology and people wherever it is most profitable, without regard for the rights claimed on behalf of citizens by sovereign nations.

Tuesday, July 19, 2016

Applying the Techniques of the Cartoonist to the Literary Exposition of Political Theory

Here's a blog post by Scott Adams, creator of the Dilbert cartoon strip.

Quite apart from the point the author is making, I find this interesting for its method of exposition. It is cartoon-style analysis, using simplification and exaggeration to give a novel perspective to commonplace facts.

Monday, July 18, 2016

Rats. Raccoons and Indians Versus Law and Order

As the Republican Party Convention opens, presumptive GOP Presidential nominee Donald Trump has declared himself the candidate for "law and order." It's a compelling idea, but its attainability is not so easy as many people think.

Law and order is a social construct: a regime of laws and law enforcement that ensures a safe, secure, and predictable world, in which people can live in freedom from fear.

But a society under the rule of law is in perpetual conflict with the tendency of things toward greater entropy, and can be maintained only by continual struggle with disruptive forces.

Just how arbitrary and tenuous any regime of law and order really is, is readily evident to anyone who looks about them.

Friday, July 15, 2016

When They Call the Victims of Terrorism "Far-Right," What's Going On?

Yesterday, someone, apparently an Islamic terrorist, deliberately drove a truck through a crowd in Nice, France, killing at least eighty people and severely injuring hundreds more.

How does the French state react to opponents of the Islamization of France? By calling them "the Far Right," or the "extreme right."

Thus, it is reported:
Patrick Calvar, the head of the General Directorate for Internal Security (DGSI) – France's equivalent of MI5 – said growing tensions between "the extreme right and the Muslim world" were close to breaking point, and that a confrontation between the two appeared inevitable.
Even when a majority of people, as in Austria for example, vote for a Presidential candidate opposed to mass Islamic immigration, they are called "the Far Right".

To be "Far Right" is to be an extremist or even a Nazi, which is to say someone verging on being a terrorist, which is to say a hater, and therefore a person to be targeted with officially sanctioned hatred.

Thursday, July 14, 2016

Right-Sizing and Quality Adjusting Human Populations to Economic Requirements

In a previous post, I asserted that automation will make most people economically redundant and that the elite will not for long tolerate the existence of an unproductive population:
They will destroy them, just as the European elites prior to World War II fantasized about killing off the useless eaters, an idea that Hitler and Stalin, and later Mao, applied on an industrial scale.
Some remarks along the same lines that I made over at Unz.com drew the following comment:
It is remarkable that we can see what’s coming, but we can’t do anything about it. It is like a disease we can’t cure, or a machine too complicated to fix.
Which prompted the following thoughts:

George Dubya Bush's Chief Economist, Morgan O. Reynolds: 9/11 Was An Inside Job



Morgan O. Reynolds was a professor emeritus at Texas A&M University and former director of the Criminal Justice Centre at the National Centre for Policy Analysis headquarters in Dallas, TX. He also holds three U.W-Madison degrees.

Wednesday, July 13, 2016

What Will Happen to People When Robots Take Their Jobs?

Fred Reed has an excellent article at Unz.com, which sets out with unflinching realism how nearly everyone will be made permanently redundant by the processes of automation, computerization, and robotization.

By implication, the article makes clear why the New York Times employs Paul Krugman: to ensure that no one understands how rapidly we are approaching economic Armageddon.

But Fred makes the mistake, which no good journalist should, of answering the question he raises; namely, how’s it all gonna end?

Assad Must Go

Image source.

Tuesday, July 12, 2016

When Will the Bubbles Burst?

Many young people hoping to buy a home of their own, and older folks with money they hope to save for retirement, have to decide their course of action in a world of debt-driven asset price inflation enabled by central bank interest rate policies that have driven bond and bank deposit yields to near zero or beyond.

House price indices from China to Peru. Source
If that world remains unchanged, the best investment strategy is to assume as much debt as possible and buy real estate or stocks. From China to Peru (see graph), this is what many people are doing.

But that strategy raises the key question: what will cause the asset price bubble to “pop”? And when?

Monday, July 11, 2016

An Unidentified FBI Analyst on the Incredible Corruption Surrounding the Clinton Foundation

Here is a 4chan discussion with  an "FBI analyst" in a photo-image … the comments by the ‘FBI analyst’ are highlighted in peach-orange colored boxes. Click the image to expand it.

The link is from a comment by Brabantian on today's Unz.com article on The Clinton Foundation by Michael Hudson.

Here's an easier to read transcript of the alleged "FBI Analyst"'s comments.

But is this alleged FBI analyst for real? Almost certainly not, unless he's an agent tasked with a disinformation role.

Wednesday, July 6, 2016

Freedom versus Bureaucracy: EU Political Morons Think They Can Impose Their Rules on the UK After Brexit: UK Political Morons Agree

I made an investment the other day in the Mainstream Media, and I use the term "investment" advisedly. I bought a day-old copy of the Sunday Telegraph, which the clerk rang up at "ten dollars and 24 cents." Wow, I'd been thinking about two bucks fifty, which tells you how rarely I  buy a newspaper.

But the investment, as it turned out was worth it. First, I got to find out something about Caroline Aherne, a British entertainer of Irish extraction who died last week at the age of 52, and who, to quote the Telegraph, "bestrode Nineties television like a colossus."

Turns out she invented a comedy series for TV-watching morons all about a family of TV-watching morons, the patriarch of which family spoke endlessly of "my arse." Given that Aherne is said to have had an IQ of 176, a level matched by no more than about one person in five million, the level of her accomplishments in the cultural sphere suggests that something has gone seriously wrong with British civilization. Which is not to deny that Caroline Aherne was genuinely funny (the joke in that clip is in the very last line), but her work, compared with that of say Shakespeare, seems disappointingly limited in range.

But what I learned from the Telegraph that was truly amazing was in the Business section, where the lead story was headed: Britain hit by Brexit negotiator crisis. "The Government," the story begins, "may have to look as far afield as India and America to find the legion of negotiators it needs for post-Brexit trade talks ..." Then under the heading "Bank of England hires legion of advisers to prepare for looming economic challenges" the Telegraph reports that the B of E "has hired more than 300 new staff as it beefed up teams including its economic forecasting unit and its bank monitoring squads in the lead up to the Brexit vote," thus raising the bank's staff to almost four thousand.