The article below is a very thought provoking article. No rational nation should willfully take this risk and put itself in this position. Be it Hitler, Mao or Chavez the socialists often first get in power through a popular election. After that they change the nation to conform to their own image. Do you really think Obama will not attempt to do that? If so you are naive. He will have the Congress in his pocket and he will appoint to the Supreme Court only those that believe in a living Constitution. That means the end of the America that your forefathers set up.

Why is Obama now in this position? Ask Oprah? Ask the CFR. They think they are “spiritually” enlightened gifts to the world that will bring the world to correct single mindedness through socialist team concepts, group think, and peer pressure (facilitated brainwashing). If you do not go along you will be ostracized or even persecuted.

When Obama talks about more government regulation he is not at all kidding, he is dead serious. He will want to control everything and even at the local level he will set up neighborhood groups to establish control. Obama was created by, promoted by and is a puppet of extreme Far Left radical globalists. Their worldview is certainly not the worldview of most America’s.

If you think government does not listen to the people now just wait until Obama, Reed and Pelosi and a liberal Supreme Court control everything from how much energy you can use, to what you can say in public, to guns.

The article quoted below ought to wake the living dead but we all know that they only read the Left controlled press. This further article about the crime of the century should make it abundantly clear that you do not want liberals to gain control over all government. However, I believe they will because Americans simply are not getting it. If that is not enough to get you thinking you might read this article about Obama being a facilitator and not a executive. Just want do you think he will facilitate? He will facilitate group think and he will do it right out of the world socialist playbook. He will use global warming, economic crises, foreign wars and who knows what else to make you fear enough to give up all to government. If you are still not convinced you might read this article Obama’s henchmen and the rise of commufascism. Maybe McCain is not that much better but at least he will be some kind of a check on the Far Left. If Obama is elected the radicals take over America until the next American revolution.

American Thinker: What If Obama Doesn’t Have America’s Best Interests at Heart?

I have known many “players” in my life, notably in big corporations, who might have easily written, as Obama has, that they “serve as a blank screen on which people of vastly different political stripes project their own views.” All of them turned out to be the ones who truly did have malicious intent. They were the ones who were survival-of-the-fittest professionals, ready to adapt to any circumstance and say whatever had to be said in order to win the game. They were the ones who built careers on the backs of people of more substance but less savvy, people who were either forced or were willing to lie face-down and be walked on. They were the ones whose artful dishonesty came with eloquence and a smile, concealing designs that were, in the end, hardly conceivable as virtuous. Often — very often — they were completely unqualified to lead. Always they found majorities who loved them.

The reaction to Obama by the people of America is disturbing, to say the least. I have not seen anything quite like it in America. Ronald Reagan, for example, was also very popular, but his name evoked enthusiasm and, at his death, reverence. But never the sort of idolatry inspired by Obama. Even Obama’s detractors do not seem to loathe him, at least not in the way that they have loathed the Clintons or Gore or Kerry. I have heard more than one Republican say, “Well, if I have to put up with him for four or more years, at least he’s tolerable.” Obama’s mass appeal is uncommon and frightening.

So, I am now imagining a very real scenario — similar to what I have seen on a smaller scale in the corporate world — about to be played out on a national, and possibly global, level. Our country seems to be ready to put into the seat of power a man — good-looking, charismatic, silver-tongued, to be sure — who has almost no experience, has never served in an executive capacity, has barely held a real job, and has no record of success other than his remarkable campaign.

This is a man who in less than two years has arisen as a political messiah. He has mesmerized an emergent block of college-age voters (whose chief sources of information, by the way, are comedians). He has inspired “Obama youth” corps and Maoist-style choirs of praise. He has been dubbed “the One” by his Matrix-saturated worshippers. He has captured the hearts and minds of half of America, nearly all of the media, and most of the world itself.

If Obama is just another bumbling Democrat, who, armed with a lot of really bad policies, simply wants to do America proud, well, then, if elected, he will muddle through the next four to eight years trying to implement change, will be hindered by the American political system, will enervate liberals and thus energize conservatives, and, eventually, the tide will turn. Like the aftermath of a very disagreeable season, we will have weathered the storm, will survey the damage, and will send in the rescue teams to rebuild.

But then again: What if Obama doesn’t have America’s best interest at heart? What if his candidacy has to do with the willful and radical recreation of the country, one that embraces Marxist ideals, i.e., socialism in some form or another? What if the “change we can believe in” — the central theme of his campaign — is directed subversion of the Republic in favor of the sort of Utopian, collectivist state that radicals like Bill Ayers have been dreaming of since the Sixties?

Who needs revolution when one can use evolution? If Congress turns decidedly left, Obama will have a good chance to help the Supreme Court do the same. At that point, the Left’s idea of a “living” Constitution, which allows interpretation to supplant the process of amendment, will be used to make us all believers.

Full article

Did you know the $700 billion bail out bill was really about $850 billion after all the pork was added? That is how they changed votes. They bribed each vote with pork. We are seeing today how good the bailout did, as of this writing the stock market is down about 10 percent since the great rescue bill was signed a few days ago. Guess what? Our champions of fiscal responsibility running for President signed the bill with $112 billion of pork added. In the last debate they were arguing about saving some of the $16 billion in earmark spending. However, they just signed a bill that contained $112 Billion in pork in one shot and our dumb president signed it without even reading it. Someone might think that they all need to take some Zanax or were being blackmailed. Who knows, those who hold our dollars like China and the oil rich states may have given them an ultimatum. Pass the bail-out bill or the dollar goes down the toilet. That’s about the only thing that explains the panic.

If McCain or Obama still have the gall to lie in our face about cutting pork everyone should turn off their TV’s or walk out of there rallies. Why enable liars? What good will it be to try to save me a pork chop in the future when you just proved to America that you will vote for a huge pork feast.

Believe me, the bail-outs are not over. The FDIC will now need $200 billion to bail out the failing banks, State governments will need bailing out, Unemployment insurance will need bailing out and many more taxpayer bailouts will come in the future. Tax revenues will also fall and taxes are likely to be cut to stimulate the economy. By the time we get through this crises (if we do) we could easily be $15 trillion in debt. Those nations who are bailing us out now with low interest rate loans are not likely to do so after this crises is past for the world. But we will still have $15 trillion of debt to service at a interest rate given to a nation that spends way beyond its means. Think about what that means to this nation in the future.

The bail-a-holics

The truth is most lawmakers voted to pass the bill but don’t have a clue what is in this 500-plus page legislation, which was birthed in the White House just two weeks ago as an infant of only three pages. It was then voted down at the Capitol a week later in its adolescent-sized 100 pages. And of course, in good bureaucratic fashion, it passed mature criteria when it was more than five times the size and packed with governmental goodies. And the president signed it just an hour after receiving it from Capitol Hill on Friday – I guess that speed reading course paid off.

In the fine print, inserted between the lines of that 500-plus page bill, are loads of fiscal additives and more financial toxic relief. Yes, the rumors are true. H.R. 1424 – Emergency Economic Stabilization Act of 2008, which has now been signed into law, officially includes more than $112 billion in political hors d’oeuvres and pork barrel additives that have absolutely no direct relation to the Wall Street bailout. Among them are:

* $6 million in tax breaks for wooden arrow manufacturers in Oregon;
* $148 million in tax breaks for wool-producing companies,
* $128 million in tax breaks for the manufacturers of car racing tracks;
* $10 million in tax breaks to small television and film producers;
* $223 million in tax breaks for Alaskan fisherman;
* $33 million for corporations operating in American Samoa;
* $192 million in tax breaks for rum producers in the Puerto Rico and the Virgin Islands.

What the &^%$#@?! And that’s just a drop in the bailout bucket. And We the Taxpayers are just supposed to sit back and take it in the arrears?

All is not lost, yet. We still have a voice in this bailout – it’s in the ballot box in November’s elections. The remedy for our country is clear: Congress doesn’t need another bailout, but a roundhouse kick right out the door. I plead with you to join me and millions of others in a voter revolution – to oust political and congressional corruption and stalemate. If representatives from your state and districts voted to pass this bailout bill and gamble nearly $1 trillion of our children’s and grandchildren’s taxpaying money, in addition to showing the reckless fiscal behavior of stuffing such a bill with perks and pork, you must not re-elect any such wayward incumbent.

Full article

Youth are pledging allegiance to the greatness of Obama in para-military garb. Small school children are forced to sing songs about Obama by their teachers. People are being intimated by Law enforcement if they do not like what you say about Obama. Obama is being preached in some churches. We hear Slogan’s right out of the Saul Alinsky socalist handbook. Anyone see a problem here? Next some will soon be calling Obama “Dear Leader” It is simply amazing how fast we are moving from freedom toward socialist fascism. God help this nation if Obama gets in power. Don’t think this is all being done by Obama he is just the mouthpiece of Far Left radicals. There is a Far Left fascist and black raciest movement rising in America and they have taking control of the Democratic party.

Of course you should have a good idea what is going to happen in the inner cities and among the Liberals if their Black Messiah does not get elected. The Far Left has itself make that statement in order to intimate you to vote for him. Americans better wake up or your going to see insurrection in this nation.

YouTube - Obama Youth - Junior Fraternity Regiment

http://www.youtube.com/watch?v=F7-wZaBuY_A&NR=1

http://www.youtube.com/watch?v=cdPSqL9_mfM&feature=related

http://www.youtube.com/watch?v=gH-2Fwx5RU0&feature=related

http://www.youtube.com/watch?v=iXBbCn2K7bE&feature=related

A Frontpage Interview with co-author Brian Anderson on the new book “A Manifesto for Media Freedom”. Brian Anderson tells us how the prospect of an Obama presidency and a Democratic Congress threaten all conservative media.

FrontPage Magazine

Frontpage Interview’s guest today is Brian Anderson, author of South Park Conservatives, Democratic Capitalism and its Discontents, and co-author with the Progress and Freedom Foundation’s Adam Thierer of the new book, A Manifesto for Media Freedom.

FP: What inspired you to write this book?

Anderson: A sense of growing concern that the Left—with some help from a handful of Republicans—is keen on shushing right-of-center political speech. America in 2008 enjoys a remarkable, historically unprecedented abundance of new and old media outlets for obtaining news, information, and entertainment—something we celebrate as “the media cornucopia.” Think about it: newspapers (still) and magazines (more in existence than ever before); radio and television both broadcast and cable and satellite; DVDs; and of course the wild, dazzling, endlessly mutating Internet. As I argued in an earlier book, South Park Conservatives, this cornucopia has allowed viewpoints long downplayed or excluded in the mainstream, including conservative and libertarian ideas, to get a much wider public hearing, especially via political talk radio and the blogosphere.

Many people—incumbent politicians in general, but above all the political Left—hate this profusion and are keen to contain it, pare it back, get rid of it. Our book documents the most dangerous regulatory measures being brewed up in Washington, or already in place, to do this: a new Fairness Doctrine, or regulatory analogue; “network neutrality”; and the extension of campaign finance restrictions to cover media. The book tries to alert Americans to a danger to their political liberties and explain, in a clear a way as possible, the way complex media regulations work in practice in ways that have profound political implications.

FP: Overall, what do you think is new and fresh about your book and what do you hope it will achieve?

Anderson: I think our book is the first to explain, in as clear and systematic a way as possible, the extent of the threat to political speech being cooked up in Washington as we do this interview—and with the prospect of an Obama presidency and a Democratic Congress, the time is now to understand what’s at stake and fight back. It is also encourages conservatives to embrace media freedom rather than pursue their own regulatory crusades on things like cleaning up cable television. The Right has benefited hugely from the proliferation of outlets and media in recent years and should recognize that fact.

Full interview

You learn something everyday. I did not know Baum wrote “Oz” as a spoof to expose the forces conspiring to gain control of the economy. I guess what applied then even more so applies today. This article by Dave Daubenmire should be food for thought.

Dave Daubenmire — Follow the Yellow Brick Road

Back to The Wonderful Wizard of Oz. L. Frank Baum wrote this spoof on the late 1890’s attempt to reform America’s monetary policy. Even back then the “bankers” were attempting to take the American dollar off of the gold standard. Baum wrote “Oz” to expose the forces conspiring to gain control of the economy.

“Oz is short for ounce, the measure for gold and silver.

Dorothy, hailing from Kansas, represents the commoner.

The Tin Woodsman is the industrial worker, rusted solid as the factories shut down in the 1893 depression. The Scarecrow is the farmer who apparently doesn’t have the wit to understand his situation or his political interests. The Cowardly Lion is William Jennings Bryan; (Ron Paul) who had a loud roar but little political power as he fought the political powers of his day.

The Good Witches represent the magical potential of the people of the Midwest and the South (red states).

After vanquishing the Wicked Witch of the East (the Eastern bankers) Dorothy frees The Munchkins (the little people). With the witch’s silver slippers (the silver standard), (they change to ruby red in the movie) Dorothy sets out on the Yellow Brick Road (the gold standard) to the Emerald City (Washington), where they meet the Wizard (the President), who appears powerful, but is ultimately revealed as an illusion; the real Wizard being just a little man who pulls levers behind a curtain” (printing presses).

“Pay no attention to the man behind the curtain…” We must once again come to the realization that WE hold all of the power. The Scarecrow, the Tin Man and the Cowardly Lion are us.

The Scarecrow was looking for a brain, all of the time convinced he needed “experts” to think for him. The Tin Man was looking for a heart, feeling he needed the “great and powerful Oz” to restore his broken spirit through government handouts. And the Cowardly Lion needed only the courage to fight.

Full Article

Joe Farah gives a book review in this article on “Black Belt Patriotism: How to Reawaken America”, by Chuck Norris. It sounds like a greatly needed and timely book by a very astute Christian champion. I hope many will read it, get educated and join the cultural revolution to reawaken America. Then in 2012 maybe we need to put an American patriot like Chuck Norris in the White House instead of the usual politician.

I’m with Chuck Norris

Don’t even think for a moment you won’t learn anything in a book by “an actor” or a “martial arts master.”

He sets out with a clear vision of the problems besetting us:

* Americans have forgotten their heritage, their history, the uniqueness of the founding documents that set the country apart;

* Americans have lost their sense of fiscal responsibility, resulting in mountains of debt – both public and private; (What a timely lesson this is!)

* Americans have permitted their borders to get out of control, allowed their elected officials to get away with non-enforcement of immigration laws, and tolerated a breakdown in national sovereignty that is leading to “the possible creation of a North American Union”;

* Americans have lost their moral compass;

* Americans no longer believe in the sanctity of human life;

* Americans are robbing their children of their innocence and their futures;

* Americans have participated in the destruction of the family;

* Americans are getting fat and lazy.

Chuck Norris also recognizes the solutions to these problems and restoration of America’s greatness will not come in the political arena alone – not by a long shot. It won’t come because we elect the right politician to be president. It won’t even come by electing a good Congress.

He sees a long battle ahead – a cultural revolution.

Full Article

This accusation is being made by a governor of a soverign U.S. state. It is not being made by some obscure figure. Just think of what Obama’s people will do if he ever gets into the Presidency. If you think it will not happen you do not understand the fascist Far Left that is once again taking control of many nations of the world including ours. If you think you can get the Far Left out of power once they control everything you are very naive. We know the Left media will not report this but where is the Attorney General of the U.S. ?

State of Missouri-Governor’s Press Announcements - 2008

JEFFERSON CITY - Gov. Matt Blunt today issued the following statement on news reports that have exposed plans by U.S. Senator Barack Obama to use Missouri law enforcement to threaten and intimidate his critics.

“This abuse of the law for intimidation insults the most sacred principles and ideals of Jefferson. I can think of nothing more offensive to Jefferson’s thinking than using the power of the state to deprive Americans of their civil rights. The only conceivable purpose of Messrs. McCulloch, Obama and the others is to frighten people away from expressing themselves, to chill free and open debate, to suppress support and donations to conservative organizations targeted by this anti-civil rights, to strangle criticism of Mr. Obama, to suppress ads about his support of higher taxes, and to choke out criticism on television, radio, the Internet, blogs, e-mail and daily conversation about the election.

Full statement of Governor Blunt of Missouri

I think Ann Coulter, Pat Buchanan and Harry Lamb wrote a couple of good articles that might tell you a few things about the root cause of the day of reckoning that is upon America and how it will also bring the next day of reckoning due to our massive deficit spending. I am not saying there were not other factors. This day would have come anyway due to the greed of many and the socialism of others but what Coulter, Buchanan and Lamb write about is a good part of the reason why this economic shock is now playing out before your very eyes.

They Gave Your Mortgage to a Less Qualified Minority, by Ann Coulter

Here are a few points in the article by Ann Coulter:

Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton’s secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.

Instead of looking at “outdated criteria,” such as the mortgage applicant’s credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named “Caylee.”

Threatening lawsuits, Clinton’s Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn’t a joke — it’s a fact.

In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration’s affirmative action lending policies as one of the “hidden success stories” of the Clinton administration, saying that “black and Latino homeownership has surged to the highest level ever recorded.”

Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn’t get out of their loans by selling their houses.

Now, at a cost of hundreds of billions of dollars, middle-class taxpayers are going to be forced to bail out the Democrats’ two most important constituent groups: rich Wall Street bankers and welfare recipients.

Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with a Democratic congress for political correctness to wreck the financial industry.

So it was not all about greedy lenders it is about Democratic Party socialist liberals pushing affirmative action lending plans and regulations that forced the lenders to make them lend to the unqualified.

Day of Reckoning, by Pat Buchanan

Here is a bit of what Pat Buchanan has to say on this issue and some of it is the same except Pat blames the liberal in both parties:

Had there not been a steady and constant infusion of easy money and credit into the U.S. economy by the Fed, for years on end, a housing bubble of the magnitude of the one that has just exploded could never have been created.

Had the politicians of both parties not coerced and pressured banks, S&Ls, Fannie Mae and Freddie Mac to make all those sub-prime mortgages, then to tie this rotten paper to good paper, convert it into securities and sell to banks all over the world, there would have been no global financial crisis.

Had they seen this coming and acted sooner, the Federal Reserve and U.S. Treasury would not today, like Henny Penny, be crying, “The sky is falling!” and the end times are at hand, unless we give them 5 percent of our gross domestic product to buy up suspect securities backed by sub-prime mortgages.

Looking at all the money being ladled out by the U.S. government to prevent a collapse, and the diminished revenue coming in, it is hard to see how America avoids future deficits that reach $1 trillion a year. These will imperil both the dollar itself and the ability of the United States, which saves nothing, to borrow from the rest of the world. The downsizing of America is at hand.

Yes, indeed, we have arrived at the Day of Reckoning for Uncle Sam.

Soviet-Style collapse in America’s future article by Harry Lamb

The meltdown in the financial markets has caused the finger of blame to spin like a weathervane in a hurricane. The underlying cause of the debacle, however, has been largely ignored. Driven by “progressive” Democrats and Republicans, the cause is the relentless shift from a free market economy to a socialist economy.

The piper must be paid. The question is whether to do it now – and let the chips fall where they may, or, to kick the can down the road and pay the piper later. The answer, of course, is to kick the can into the next generation, with another leap toward socialism. The bailout plan – whatever the particulars – is nothing short of a government takeover of the financial industry. The next president will have to sort it out and build the road toward future recovery or final disaster.

Barack Obama’s incessant drumbeat about the failure of the economic policies of the last eight years is either gross ignorance or, more likely, political blame shifting. The cause of the current meltdown is clearly the Democrat’s insistence upon giving federally guaranteed mortgages to people who could not afford them. Even now, Democrats insist, not on the minimum government involvement possible, but on adding all sorts of give-away ornaments on the bailout Christmas tree. Obama is also promising to take over the energy industry, the health industry, and to give tax credits and even refunds to some people with money he shamelessly takes from others. This is redistribution of wealth – pure socialism.

McCain may be only marginally better, but any deterrent to the Democrats’ determined transformation of America to unabashed socialism should be welcomed. Despite the U.N.’s declaration to the contrary, no person has a “right” to housing. If Democrats prevail and continue their pursuit of the U.N’.s goal of universal socialism, America can expect to experience the same total collapse experienced by the Soviet Union.

I said in a prior post that future budget deficits were going to go way up and It matters not who becomes President, the deficits will happen as sure as night follows day and if foreigners ever stop buying our debt this present crises will be nothing compared to the time when we can no longer sell our debt to the world. In the future we will have to do the bidding of the lenders (China & Oil rich nations) or face complete economic collapse.

Its getting close to Halloween and I know you all want to read a good scare story. Well learn what the banks and investment firms have been doing with your money and you will know why Washington and the banks are in a cold sweat panic and saying if the government does not bring stability the whole house of cards is going to come crashing down into the second great depression.

For a house of cards to fall it has to be a house of cards to begin with and this article about derivatives will take you on a tour of the house. After you read this article you will not only know everything you need to know about derivatives. You will also know why everyone in the know is turning white with fear long before Halloween.

There simply is no reason why a sub-prime crises would cause all these investment bank failures unless they have been doing something with your money that is very risky. Turns out they have. Instead of making sound investments with your money they have been gambling at the Derivatives Casinos. All these firms are now so leveraged on their next bet that any loss at the wheel of fortune makes them unable to pay their bills and if they cannot pay their bills other banks that are levered to the teeth because of their own gambling habits also cannot pay their bills and if they cannot pay their bills none of the others can pay their bills either and if none of the others can pay their bills there is no money to borrow for anyone in the nation.

Read about it for yourself but anyone who thinks the crises is over is not paying attention. Also take note that the following article was written before the announcement of the really frighting government bailout that was announced today to bail out all the derivative gamblers bad debts. Yeah, the government has to do this taxpayer bailout because all the gamblers were not gambling with their own money they were gambling with your retirement, insurance and investment incomes and everything else.

Next years Halloween fright night will be about the coming rapid hyperinflation that will bring you green toilet paper.

OpEdNews » It’s the Derivatives, Stupid! Why Fannie, Freddie and AIG Had to Be Bailed Out

Until recently, most people had never even heard of derivatives; but in terms of money traded, these investments represent the biggest financial market in the world. Derivatives are financial instruments that have no intrinsic value but derive their value from something else. Basically, they are just bets. You can “hedge your bet” that something you own will go up by placing a side bet that it will go down. “Hedge funds” hedge bets in the derivatives market. Bets can be placed on anything, from the price of tea in China to the movements of specific markets.

“The point everyone misses,” wrote economist Robert Chapman a decade ago, “is that buying derivatives is not investing. It is gambling, insurance and high stakes bookmaking. Derivatives create nothing.”1 They not only create nothing, but they serve to enrich non-producers at the expense of the people who do create real goods and services. In congressional hearings in the early 1990s, derivatives trading was challenged as being an illegal form of gambling. But the practice was legitimized by Fed Chairman Alan Greenspan, who not only lent legal and regulatory support to the trade but actively promoted derivatives as a way to improve “risk management.” Partly, this was to boost the flagging profits of the banks; and at the larger banks and dealers, it worked. But the cost was an increase in risk to the financial system as a whole.2

Since then, derivative trades have grown exponentially, until now they are larger than the entire global economy. The Bank for International Settlements recently reported that total derivatives trades exceeded one quadrillion dollars – that’s 1,000 trillion dollars.3 How is that figure even possible? The gross domestic product of all the countries in the world is only about 60 trillion dollars. The answer is that gamblers can bet as much as they want. They can bet money they don’t have, and that is where the huge increase in risk comes in.

Credit default swaps (CDS) are the most widely traded form of credit derivative. CDS are bets between two parties on whether or not a company will default on its bonds. In a typical default swap, the “protection buyer” gets a large payoff from the “protection seller” if the company defaults within a certain period of time, while the “protection seller” collects periodic payments from the “protection buyer” for assuming the risk of default. CDS thus resemble insurance policies, but there is no requirement to actually hold any asset or suffer any loss, so CDS are widely used just to increase profits by gambling on market changes. In one blogger’s example, a hedge fund could sit back and collect $320,000 a year in premiums just for selling “protection” on a risky BBB junk bond. The premiums are “free” money – free until the bond actually goes into default, when the hedge fund could be on the hook for $100 million in claims.

And there’s the catch: what if the hedge fund doesn’t have the $100 million? The fund’s corporate shell or limited partnership is put into bankruptcy; but both parties are claiming the derivative as an asset on their books, which they now have to write down. Players who have “hedged their bets” by betting both ways cannot collect on their winning bets; and that means they cannot afford to pay their losing bets, causing other players to also default on their bets.

The dominos go down in a cascade of cross-defaults that infects the whole banking industry and jeopardizes the global pyramid scheme. The potential for this sort of nuclear reaction was what prompted billionaire investor Warren Buffett to call derivatives “weapons of financial mass destruction.” It is also why the banking system cannot let a major derivatives player go down, and it is the banking system that calls the shots. The Federal Reserve is literally owned by a conglomerate of banks; and Hank Paulson, who heads the U.S. Treasury, entered that position through the revolving door of investment bank Goldman Sachs, where he was formerly CEO.

Full Article

There never was a consensus of climate scientists saying that global warming was man caused. It was all made up by the world power elite controlled bureaucrats and their media.

Read the real story and read about the real consensus of scientists that agree that global warming is not any danger to this planet. In fact, there is now more danger from what now appears to be a global cooling trend.

The liars now have society so brainwashed that now even when the earth is cooling and likely heading toward a dangerously long term cold trend all you still hear in the media and from the politicians is the global warming danger and the CO2 threat.

These greedy power brokers and socialist fascist control freak idiots are putting the world in economic danger and the danger of real energy shortages at a time when the absence of sun spot activity seems to be indicating that we are heading toward a long term global cooling. This energy shortage and cooling could bring energy crises worse than any you can imagine along with world crop failures and famine.

It is time to get these wacko environmentalists off of our back and to put leaders into place that will develop all energy sources regardless of the release of beneficial CO2.

Michael Coffman — Consensus? What Consensus?

CONSENSUS? WHAT CONSENSUS?

By Dr. Michael S. Coffman Ph. D.
September 10, 2008
NewsWithViews.com

We have all heard the litany in the news that 2,500 scientists working in conjunction with the United Nations Intergovernmental Panel on Climate Change (IPCC) agree with a 90 percent certainty that man is causing potentially catastrophic global warming. They even received the Nobel Peace Prize, along with Al Gore, for their exemplary work in the field. This, we are told, is a solid consensus having very few dissenters. The problem is that this so-called consensus is a myth – it never existed. Ever!

Outraged with the sheer duplicity of the press and warming alarmists, OISM launched the same petition again in 2008. They used a subset of the mailing list of American Men and Women of Science, a who’s who of Science, to mail the petition requesting the recipient to sign the petition if agreed that Kyoto was a danger to humanity.

The results, reported last May showed that 31,072 scientists, 9,021 of whom were Ph.D.s, signed the petition. Every signature has been vetted for authenticity.

Ironically, using the Freedom of Information Act, it has been proven that the so-called 2500 scientists the IPCC claims make up their “consensus,” are really not scientists at all. Of that total, only 308 scientists reviewed the 2007 IPCC report. Many of them disagreed, some strongly so. Not surprisingly, all of their comments were rejected and not included in the report. The remaining 2192 so-called scientists came from all walks of life; politicians, government bureaucrats, social workers, and apparently even a hotel manager. Less than 40 of the 308 scientists were generally supportive of the hypothesis, and less than 5 actually endorsed the report. Yet, the report was hailed by the media as the consensus of thousands of scientists.

Putting this into perspective, for every 1 scientist who even slightly favored the IPCC conclusions, 792 signed the petition saying there was no convincing evidence that there is man-made catastrophic global warming. For every Ph.D. that endorsed the IPCC report, 1800 signed the petition. If anything, there is a scientific consensus that man is not responsible for global warming. What did the media do with this potentially explosive story? They ignored it, as usual. A few, like Fox News, were gracious enough to have a byline on their website. Only the conservative media highlighted this phenomenal story.

It would seem the media, and by extension, the people who depend on it for accurate news, would rather believe a lie than the truth. This realization led Dr. Ross McKittrick, who discredited the hockey stick theory of the 2001 IPCC report, to lament, “We are now at the stage where mere facts, reason, and truth are powerless in the face of the global warming propaganda.” It is a scary thought, but he is correct. Ignorance and propaganda now form the basis of our policy on climate change (and many other environmental issues). We are treading a dangerous path.

Full Article

I have more than once said that this would happen. North Korea has been getting freebies from America for 15 years to stop their nuclear development and has done nothing but make nukes. You cannot deal with madmen. If you read this article you will see even after the 11 disablement measures are actually taken (they have been halted) it would only take North Korea only about a year to start the facilities up again (what a great deal!). Not to even mention the secret uranium project that North Korea has that is still making nuclear material that no one is talking about or the nuclear bombs it already has made for export. So the North Koreans found ways to backed out of all the deals and have make fools out of both the Clinton Administration and the Bush Administration. North Korea now hopes to take on what they know will even be a more foolish Obama Administration.

The U.S. State Department continues to be run by liberals and is in denial all over the world. They are just as loony with Iran. There is an old saying. Fool me once and shame on you, fool me twice and shame on me, fool me three times and I should get the Olympic gold metal for foolishness. Does anyone in our government know that North Korea has EMP capabilities? Does anyone care? And Rice thinks Russia will take anything we say on George or elsewhere seriously?

Maybe the world should reward the North Koreans with the Olympics and just pretend that they are such a wonderful free nation like they did with Communist China. I notice the North Koreans waited to after the Olympics to do this. Does anyone really think that was not coordinated with China? Sure, and China’s 14 year old woman gymnasts were 16 years old. You know one of these days this whole foolish appeasement thing is going to unravel worldwide and we are going to be in a world of hurt.

North Korea says it halts nuclear reactor disablement | International | Jerusalem Post

The North’s announcement marks the emergence of the biggest hurdle yet to the communist nation’s denuclearization process under a landmark deal last year and is expected to escalate tension in the nuclear talks involving China, Japan, the two Koreas, the US and Russia.

Pyongyang’s Foreign Ministry said it suspended the disablement work at the reactor and other facilities at its Yongbyon nuclear complex as of August 14 because the US did not keep its promise to delist Pyongyang as a terror sponsor under last year’s deal.

The ministry also said the country will “consider soon a step to restore” the Yongbyon nuclear facilities, but did not elaborate.

Yang Moo-jin, a professor at Seoul’s University of North Korean Studies, called Tuesday’s statement “very serious” and said that it could mean Pyongyang may have decided not to deal with the administration of US President George W. Bush.

South Korean and US officials have said eight of the 11 disablement measures have been finished and that when the entire disablement is completed, it would take at least a year for the North to restart the facilities.

Full article

From what I know a determined enemy would not have great difficulty in taking down the whole Internet. It probably could even be done by a well trained coordinated terrorist group. I have come to the conclusion that any website or any target can be brought down fairly easily. To bring down the whole system would just take a larger more sophisticated effort and that is very likely in a war.

We need to realize that the Internet is not reliable or secure and we should not be controlling our critical infrastructures and just-in-time-inventories solely relying on the Internet as it is designed now. One of these days we are going to wake up and the whole Internet system will be down and it is not going to come back up anytime soon. Then what is the back up plan? Going back to the 50’s without inventories or electronics? How will you even get your money out of the bank? Try buying something at a store with a charge card when the Internet is down.

The Internet needs to be completely redesigned from the ground up making security the primary issue. Either that or just use the internet for fun and games and information but don’t ever think it will be there for corporations, finance and government to communicate after a sophisticated attack by an enemy. Like the EMP threat our society is betting it’s whole future on access to those 1’s and 0’s. There is no access to those databases of 1’s and 0’s if the electricity is out or communications between electronic devices are no longer there.

Revealed: The Internet’s Biggest Security Hole | Threat Level from Wired.com

Two security researchers have demonstrated a new technique to stealthily intercept internet traffic on a scale previously presumed to be unavailable to anyone outside of intelligence agencies like the National Security Agency.

The tactic exploits the internet routing protocol BGP (Border Gateway Protocol) to let an attacker surreptitiously monitor unencrypted internet traffic anywhere in the world, and even modify it before it reaches its destination.

The demonstration is only the latest attack to highlight fundamental security weaknesses in some of the internet’s core protocols. Those protocols were largely developed in the 1970s with the assumption that every node on the then-nascent network would be trustworthy. The world was reminded of the quaintness of that assumption in July, when researcher Dan Kaminsky disclosed a serious vulnerability in the DNS system. Experts say the new demonstration targets a potentially larger weakness.

Full article

Frank Salvanto says we have a perfect storm coming from two enormous threats. The denial of the Islamic threat and the fifth column called the progressive Left. This storm will destroy this nation if the American people continue to ignore the threat. I would also add a third and fourth enormous threat. The economic storm brought on by debt and greed, and the perversion storm rapidly developing out of moral relativism. Wake up America! There is a perfect storm brewing and its not going to be a tempest in a tea cup.

The New Media Journal | Ignoring ‘The Perfect Storm’ at Our Own Peril by Frank Salvato

The mainstream media and the presumptive nominee from the Democrat Party have done a pretty good job of steering the electorate’s attention to issues of a domestic nature. It wasn’t hard to do. With gasoline prices hovering around four dollars a gallon, combined with the self-induced but limited financial crisis created by proprietary lenders and a healthcare system that’s being raped by grifting lawyers and robber-baron insurance companies, it is easy to understand why voters would fall prey to diversionary tactics of the political power seekers. But we do so at the expense of the well being of our nation. We do so ignoring “the perfect storm.”

politicians consistently put politics, power and financial special interests before the issues most important to the American people: A small, elite group of Progressives, beholden to the environmental lobby, uses their governmental powers to usurp the will of the people by refusing to allow drilling in places we know there are oil deposits; politicians on both sides of the aisle pander to an illegitimate voting demographic in the illegal alien population for fear that if they stand up for America’s sovereignty they may be voted out of office by those who shouldn’t be voting in the first place; politicians of both major political parties refuse to banish the earmark and reserve the right to raid the government treasury to provide bribes to their constituencies in an effort to garner re-election; the tax code continues to overburden the middle class and penalize the family while expanding entitlement increases the number of those feeding from the public trough and the mega-rich evolve into an elitist class; etc, etc, etc…

Our nation faces two enormous threats, one externally and one from within, and we do so without a proper understanding of why we should be fighting them both with every fiber of our collective being.

why would any elected official, true to good government, deny the enormity of the threat posed to the United States and the West by radical Islamist elements?

The second serious threat is less immediate and less violent, but caustic and lethal to the American philosophy and the continued existence of our country just the same. This threat comes from the American Fifth Column; the threat from within.

Emanating from the failed ideologies of Marxist-Leninst socialism and communism, the American Fifth Column dedicates itself to the transformation of the United States from a representative republic to a system of democratic socialism. This movement is personified by the progressive-left that has effectively hijacked the Democrat party.

Through unconstitutional entitlement programs and the legislation of inequitable tax burden on those who have successfully employed the capitalist system to their benefit, those leading the American Fifth Column strive to artificially create economic equality through the redistribution of wealth. Ironically, those who lead the American Fifth Column have established an elitist class for themselves, as most of them are millionaires (like Nancy Pelosi) and even billionaires (like Peter Lewis and George Soros). They do so to reduce the “influential footprint” of the United States on the world in a quest for a one-world order administered by the elite.

Interestingly, the progressive-leftists of the American Fifth Column are playing the roll – either unwittingly or recklessly – of the useful idiot to radical Islam’s quest for a global Caliphate.

So, the people of the United States face these two incredibly potent threats – each which could affect the end of the great American experiment – yet we are apathetic to the threat. Why? Because we face these challenges constitutionally illiterate.

Our educational system has been hijacked by progressive-left ideologues.

It is time that parents from all over the country – all over the world – embrace the idea that we have to take charge of educating our children.

Full Article

I have said it before and I will say it again San Francisco is a doomed city its debauchery has reached to high heaven and the angels are just awaiting their orders. It is not a matter of if a judgment is coming to San Francisco anymore it is just a matter of when it is coming and how it will come. I do not know if it will be a nuclear attack, a major earthquake and fire, a asteroid strike or something just as bad but it is coming sooner then you might think. Lot had better get out of town because you have proven that you cannot change the course of events in that city and you have been warned enough to leave. Soon that wicked city will join Sodom and Gomorrah and will be no more.

San Francisco fest features public sex with no arrests

San Francisco fest features public sex with no arrests
‘This is what the gay agenda is all about’
Posted: August 07, 2008
12:35 am Eastern

© 2008 WorldNetDaily

Police officer on the streets, but apparently told not to enforce publicly nudity or indecency rules, during the recent “Up Your Alley” homosexual festival

Nude men engaged in multiple instances of public sex on a municipal street while police officers, on foot and bicycle, congregated nearby making no attempt to enforce public indecency regulations, according to a report on the latest homosexual-fest in San Francisco.

The behavior was documented in photographs of an event called “Up Your Alley,” which is sponsored by the same group that organizes the city’s fall “gay”-fest, the Folsom Street Fair, on which WND has reported.

LaBarbera, who had to edit photos to conceal full nudity in images from the public street festival before he could post them as part of his report, said there were exhibitionists who “walked around baring their genitals, with no fear of being arrested.” Other websites, to which WND is unable to link because of their graphic content, published fully explicit photographs of various public acts of sex and nudity. They featured explicit photographs of oral and anal sex between men and men urinating on each other, among other activities.

The Americans for Truth report follows the July 27 event, “one of the city’s two open-air celebrations of sadomasochism (euphemistically called the ‘leather’ lifestyle by practitioners),” AFT said. “It is telling to us that the same city whose mayor, Gavin Newsom (D), ignited the ’same-sex marriage’ crusade in California by illegally issuing ‘gay marriage’ licenses – openly tolerates and celebrates gross perversions, nudity and sexual lawlessness on its streets.”

A photograph revealing two men dressed in women’s clothing, along with a man in the background being whipped, as part of San Francisco’s “Up Your Alley” homosexual festival

The images captured in the photos were described by one WND reader as “vomit-inducing.”

“This is what the gay agenda is all about,” the reader said. “I’ll go even further and call [the images] depraved and disgusting.

“Remember, this is on the public streets of San Francisco,” the reader said.

“One San Francisco policeman told our volunteers that the police were instructed not to make arrests for indecency on the city streets at “Up Your Alley” – but merely to ‘contain’ the activity to the street fair, which encompassed several city blocks,” Americans for Truth reported.

“San Francisco’s extreme political correctness has turned cops into impotent Perversion Protectors,” the group said.

The organization said the events included whippings, public sex between men, and even advocacy for slavery, with one man wearing nothing but cuffs and chains.

“Homosexual activists mock and deride Americans For Truth relentlessly for exposing sordid realities like ‘Up Your Alley’ – and showing you what happens when sexual radicals come to dominate a major city,” LaBarbera said.

“They don’t want Americans to see this side of their agenda … But we must face reality and come to grips with the truth that ‘rights’ based on aberrant sex are not genuine civil rights,” he said.

“Like the pantless perverts wandering around in sneakers-only at ‘Up Your Alley,’ the liberals’ pro-homosexual ‘tolerance and diversity’ program is now fully exposed as a soulless and bankrupt ideology,” LaBarbera said. “According to its precepts, nothing can be judged as wrong (sexually-speaking) – except, of course, normal, historic Judeo-Christian mores.”

The Islamics in Europe might now be putting a rope around their own neck. They are biting the hand that feeds them. Even dogs don’t do that if they want to live. There are places in Europe where even police fear to go. Foreign born Muslim immigrants now think they can bully the European natives to allow the creation of rebellious mini lawless welfare states on old Europe soil?

Sure maybe they can in France for a while and maybe they can in England for awhile and maybe they can in some other nations for awhile. But in Germany? I would not rile the Germans if I were you! If you do, I will guarantee that there will be a right wing backlash movement that will start in Germany and spread throughout Europe.

The whole scenario reminds me of a prophecy of an old christian mystic that saw all of Europe’s streets running with blood and full of dead bodies. She called it “the great chastisement” (not to be confused with the great tribulation). Muslims in Germany had better take heed. When people live in a foreign land they should try to get along with the natives. They may not endure you forever, especially the Germans.

FrontPage Magazine

First it was France, and now Germany.

German authorities are reporting that, within their cities, areas now exist where police fear to tread. In many German urban areas drug dealing, theft, brawls, and assaults on police officers are the order of the day. The problem is becoming so severe police scarcely dare enter some quarters except in strength, while in others they concentrate on their own safety first.

But this is old news to French law enforcement officials. The 2005 riots woke France up to the fact that an anti-civilization had arisen in the “banlieues” (housing projects), which surround major French cities. Populated mainly by immigrants from North and West Africa, many with a Muslim background, they are known as places of anger and aggression towards anyone who represents “official” France.

In Germany, the problem neighbourhoods are often located within the city and not on the outskirts. Like in France, though, urban anti-societies have arisen, but in Germany they consist mainly of Turkish and Arab immigrants, many from Lebanon. In their districts, German laws and values now have little, if any, validity, while their culture of lawlessness does.

Police complain that when they conduct routine checks in these neighbourhoods, they are met with angry crowds and often risk assault. Even when a policeman is carrying out a simple duty, like inspecting someone’s identification, out of nowhere suddenly appear 20 to 30 men, yelling wildly, who push and shove him. They assemble quickly after having been contacted by cell phone

The overall purpose of such disturbing behavior and anti-police incidents is to turn these immigrant neighbourhoods into lawless mini-states, where their tribal and religious customs and rules predominate, and criminals can act freely. In scuffles and confrontations German police are often told, in threat and obscenity-filled language, to go away and that these streets belong to the ethnic group that lives there.

As everyone knows, a competent and effective police force is necessary to protect the law-abiding citizen, guarantee his rights and carry out one of the main functions of the state: law and order. But increasingly in some European urban areas, a police uniform has come to mean nothing. And countries like Germany do not act now to reverse this, their cities will become as burnt out and eviscerated as the carcasses of cars France knows only too well.

Mrs Speaker I thought saving the planet is Al Gore’s job. Your job is be Speaker of the House. We are now reaping the consequences of your inability to even do a fair job at being the Speaker. Let the person with the qualifications save the planet. There is only one person that can save the planet and no, its not Al Gore either. Have they taught you nothing in that church you claim to attend?

Instead of saving the planet how about doing something to lower the oil prices before we have a complete economic collapse. No, the answer is not to open the strategic oil reserves and make ourselves vulnerable to Iran. The answer is to open up all the areas that you and your democratic congress have put off limits for drilling.

Pelosi: ‘I’m trying to save the planet’ - David Rogers - Politico.com

With fewer than 20 legislative days before the new fiscal year begins Oct. 1, the entire appropriations process has largely ground to a halt because of the ham-handed fighting that followed Republican attempts to lift the moratorium on offshore oil and gas exploration. And after promising fairness and open debate, Pelosi has resorted to hard-nosed parliamentary devices that effectively bar any chance for Republicans to offer policy alternatives.

“I’m trying to save the planet; I’m trying to save the planet,” she says impatiently when questioned. “I will not have this debate trivialized by their excuse for their failed policy.”

“I respect the office that I hold,” she says. “And when you win the election, you win the majority, and what is the power of the speaker? To set the agenda, the power of recognition, and I am not giving the gavel away to anyone.”

Let’s face it, Washington: This speaker is different. She’s the first woman ever to hold the post and a very tough one at that, with a penchant for the mystical.

It will be interesting to see how the liberal socialists will get by the First Amendment to the U.S constitution when they pass their hate speech laws that they are all but certain to pass under the next administration.

Ultimately the hate speech laws will be tested and decided by the Supreme Court on its constitutionality. The court by this point will be Liberal. The judges will then just redefine the Bill of Rights in the Constitution to what they want it to say rather than what it clearly says. Its already happened in the Supreme Court of California.

Once the Constitution can be redefined by a few people in black robes it will have lost its meaning and will be subverted. Then we will see tyranny right here in the good old U.S.A.

After those laws are passed and upheld you can be certain that the special interest groups will be monitoring everything that is said anywhere and turning anything that hurts their feelings over to the thought police for enforcement and punishment.

Then it will be time for the oppressed to overthrow this government tyranny or start a new free union of states that abides by the Constitution of the U.S.

As everyone who ever served in the military, government and police forces knows, you have already sworn to uphold the Constitution of the United States against all enemies foreign and domestic. We can read for ourselves what the Bill of Rights says and no redefining of the Bill of Rights is going to change the self-evident truths of the wording within those bills passed by U.S. constitutional amendment.

If the liberal progressives want to do away with our rights they need to do it by passing a constitutional amendment to do that but they know it will never pass. So, the domestic enemies of our system will try legislating unconstitutional laws and then stacking the justice system with like minded people.

If you swore to uphold the Constitution uphold it! Do not allow any MCcainiac or Obamanation government give us tyrants and thought police that will redefine the self-evident truths of the U.S. Constitution and its government of the people, by the people, and for the people!

Christian Worldview Network - Brannon Howse - Free Speech???

“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” – The First Amendment

Perhaps the most important basis for a free society is the right of free political and religious speech. In every totalitarian society there is an oppression of these two foundations of freedom. Why? The answer is simple. Those in power who have a tyrannical motivation are afraid the masses may be swayed by ideas that are contrary to their indoctrination. Thus any opposing ideas become the weapon of freedom that must be stopped. The basic understanding of the power of free speech was recognized by our founding fathers as a deterrent to tyrannical government.

Due to this relativistic thinking problem the society is bending concerning these rights. That is a fact that should scare anyone who holds “these truths to be self evident.” The abridging of free religious and political speech is an affront against the liberty of all. Why is it a problem for all? It is a problem for all because once the freedom is gone it is gone for everyone. When a system turns to tyranny, all people are caught in its grip and become part of the totalitarian system.

Due to the insanity of the left, liberals, homosexual activists, and rabid race baiters, it has now become more acceptable to limit the freedom of political and religious speech. The idea that the government should have the right to punish people simply based on their thoughts and ideas is a complete abandonment of the Constitutional principles this nation was founded on.

Those who want the so called “hate speech” legislation are directly attacking one of the most sacred freedoms we have. The truth is that you have a right to hate me but you do not have a right to act out on that hate in any way that violates my person, property, or rights. You see, we must not legislate thoughts or we are destined to have all free thoughts at risk.

Those of you who are reading this who believe in “hate speech legislation” need to rethink your position. Who gets to decide what “hate” is? Do you want the government running around punishing people for what they say and think? What happens when someone decides that your speech is hateful? Are you ready for them to limit your thinking and expression? In order for freedom to work, there must be the right to speak unpopular positions without threats and intimidation from the government.

The first amendment of the Constitution says “Congress shall make no law.” How is it that Congress is attempting to make a law limiting the speech of Americans? How is it that so many people seem to think that this is a good idea? Why is there no outrage from the masses about this blatant attack on our foundational liberties? Why? Because most people have no idea what the Constitution says or why it says it. Most Americans have been dumbed down to the point where they simply do not grasp the principles of liberty that America was founded on.

It is clear what is really going on in the push for “hate speech” legislation. The left wants to stop preachers from preaching against homosexuality. There is also a Gestapo like insanity against anyone who would dare to criticize a racial minority. If for example a person is speaking out against affirmative action racial preferences, who’s to say that is not hateful? If my speech offends you, that is the price of freedom. If you do not wish to pay that price, I suggest you move to one of the many totalitarian states where your every word and movement are controlled.

Since Americans depend on government more each day the war against our liberty has begun. Some of us are fighting against the powers of tyranny. I hope you join us in the fight for the heart and soul of our country before the powers of socialism and liberal social decay completely overtake us. Wake up and smell the truth. The time to fight is now!

Greed, speculation, nations spending more than they have and stupidity have put the whole world in danger of an economic Armageddon. Some of what is going on and is about to happen can be found in the link below. The world bankers are now putting their fingers in dikes to plug the leaks but they may soon run out of fingers.

The global economy is at the point of maximum danger - Telegraph

It feels like the summer of 1931. The world’s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution.

The coalitions in Belgium and Austria have just collapsed. Germany’s left-right team is fraying. One German banker told me that the doctrines of “left Nazism” (Otto Strasser’s group, purged by Hitler) had captured the rising Die Linke party. The Social Democrats are picking up its themes to protect their flank.

This is the healthy part of Europe. Further south, we are not far away from civic protest. BNP Paribas has just issued a hurricane alert for Spain.

Finance minister Pedro Solbes said Spain is facing the “most complex” economic crisis in its history. Actually, it is very simple. The country was lulled into a trap by giveaway interest rates of 2pc under EMU, leading to a current account deficit of 10pc of GDP.

China, India, East Europe and emerging Asia have all stolen growth from the future by condoning credit excess. To varying degrees, they are now being forced to pay back their own “inter-temporal overdrafts”.

If we are lucky, America will start to stabilise before Asia goes down. Should our leaders mismanage affairs, almost every part of the global system will go down together. Then we are in trouble.

Paul Weyrich makes an interesting and a strong point in this article. The courts do not have the power to make law or to enforce law. They are advisory and just decide their opinion of laws. The legislative branch of government does not have to take their advice to make laws that the people that they represent do not want. The Executive branch of government likewise does not have to enforce laws it does not agree with. If these branches do not abide by judiciary decisions they have only the people to answer to. Otherwise, those in the judiciary make the law of the land and all government is then ruled by judges. We then no longer have a constitutional republic.

Having said that, do legislators and government executives have the guts to say we are not going to abide by demented rulings of federal judges? Since we know that they are all cowed our representative form of government is as good as dead. So, welcome to the government of the Judges, by the Judges and for the lawyers and judiciary tyrants.

However, also be aware that “we the people” can restore the checks and balances established in the Constitution whenever we want. How we achieved that is really up to the people.

NBU: History and the Judiciary by Paul M. Weyrich , 7/11/08

The grand formalities of American election rituals hide a glaring fact: Americans can no longer claim that we are our own rulers in every circumstance in which we are empowered to be. Regardless of our votes, the defining judgments in our collective and personal destinies often are made by persons whom the American people have not elected to rule.

We gave judges their robes and gavels so that they might resolve specific disputes between specific plaintiffs and defendants. We never gave them authority to issue commands to our elected lawmakers, forcing us down roads which we have not chosen to travel. Judges have no constitutional authority to make laws or to amend our national and state constitutions. They have no authority to redefine words and concepts in our laws to mean what they and their ideological partisans wish for them to mean.

Not a single signer of the Constitution (or of the Declaration of Independence) would have taken seriously the purportedly “conservative” view today that to restrain judges we need to replace them through attrition over