FREEDOM*

4 comments

Posted on 31st March 2015 by Administrator in Economy |Politics |Social Issues

Via Knuckledraggin

FIRST RESPONDERS

28 comments

Posted on 31st March 2015 by Administrator in Economy |Politics |Social Issues

Via Knuckledraggin

SOMETHING ABOUT HARRY

4 comments

Posted on 31st March 2015 by Administrator in Economy |Politics |Social Issues

Via Townhall

License to Kill

11 comments

Posted on 31st March 2015 by Administrator in Economy |Politics |Social Issues

Guest Post by Dmitry Orlov

Jakub Rozalski

The story is the same every time: some nation, due to a confluence of lucky circumstances, becomes powerful—much more powerful than the rest—and, for a time, is dominant. But the lucky circumstances, which often amount to no more than a few advantageous quirks of geology, be it Welsh coal or West Texas oil, in due course come to an end. In the meantime, the erstwhile superpower becomes corrupted by its own power.

As the endgame approaches, those still nominally in charge of the collapsing empire resort to all sorts of desperate measures—all except one: they will refuse to ever consider the fact that their imperial superpower is at an end, and that they should change their ways accordingly. George Orwell once offered an excellent explanation for this phenomenon: as the imperial end-game approaches, it becomes a matter of imperial self-preservation to breed a special-purpose ruling class—one that is incapable of understanding that the end-game is approaching. Because, you see, if they had an inkling of what’s going on, they wouldn’t take their jobs seriously enough to keep the game going for as long as possible.

The approaching imperial collapse can be seen in the ever worsening results the empire gets for its imperial efforts. After World War II, the US was able to do a respectable job helping to rebuild Germany, along with the rest of western Europe. Japan also did rather well under US tutelage, as did South Korea after the end of fighting on the Korean peninsula. With Vietnam, Laos and Cambodia, all of which were badly damaged by the US, the results were significantly worse: Vietnam was an outright defeat, Cambodia lived through a period of genocide, while amazingly resilient Laos—the most heavily bombed country on the planet—recovered on its own.

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QUOTES OF THE DAY

1 comment

Posted on 31st March 2015 by Administrator in Economy |Politics |Social Issues

You say we [reporters] are distracting from the business of government. Well, I hope so. Distracting a politician from governing is like distracting a bear from eating your baby.

P. J. O’Rourke
No drug, not even alcohol, causes the fundamental ills of society. If we’re looking for the sources of our troubles, we shouldn’t test people for drugs, we should test them for stupidity, ignorance, greed, and love of power.

P. J. O’Rourke
Giving government money and power is like giving car keys and whiskey to a teenage boy

P.J. O’Rourke
If you think health care is expensive now, wait until you see what it costs when it’s free.

P.J. O’Rourke
The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn’t work and then they get elected and prove it.

P.J. O’Rourke
In comparative terms, there’s no poverty in America by a long shot. Heritage Foundation political scientist Robert Rector has worked up figures showing that when the official U.S. measure of poverty was developed in 1963, a poor American family had an income twenty-nine times greater than the average per capita income in the rest of the world. An individual American could make more money than 93 percent of the other people on the planet and still be considered poor.

P.J. O’Rourke
When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.

P.J. O’Rourke
The founding fathers, in their wisdom, devised a method by which our republic can take one hundred of its most prominent numbskulls and keep them out of the private sector where they might do actual harm.

P.J. O’Rourke
Politics should be limited in scope to war, protection of property, and the occasional precautionary beheading of a member of the ruling class.

P.J. O’Rourke
The whole idea of our government is this: If enough people get together and act in concert, they can take something and not pay for it.

P.J. O’Rourke


NEOCONS, STILL AS EVIL, TRAITOROUS AND STUPID AS EVER

9 comments

Posted on 31st March 2015 by Zarathustra in Economy |Politics |Social Issues

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As always, the neocons take their orders from Tel Aviv.  Israel doesn’t see ISIS as a threat to them.  Former Israel ambassador to the US Michael Oren said a few months ago that Iran is a greater threat that ISIS.  Who cares if ISIS are barbarians who indiscriminately kill anyone that gets in their way (and often just for the hell of it)?  Slavery, rape, theft, indiscriminate murder,  it’s just part of creating the new caliphate.   Who cares that they share the same cruel and archaic form of Islam that Saudi Arabia does?  They are sunnis and they hate all shias.  The neocons are hysterical over Iran and the US having the same enemy in Iraq and Syria.

New York Times columnist Tom Friedman: ‘Should we be arming ISIS?’

 Thomas L. Friedman

New York Times columnist and author Thomas L. Friedman stunned many of his readers on Wednesday when he asked, “Should we be arming ISIS?”

Experts and journalists responded on Twitter with a quick answer: “no.”

In the column, Friedman explained that he wanted to “toss out” the question to stir up some debate.

The crux of his column is that he doesn’t think the US should keep putting itself on the same side of the fight as Iran. Friedman describes the Islamic State as “the last Sunni bulwark to a total Iranian takeover of Iraq.”

Friedman writes:

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The “Deep State” Is Now in Charge

2 comments

Posted on 30th March 2015 by Administrator in Economy |Politics |Social Issues

,

 

The Most Important Change

 

But when he is disposed of foreign enemies by conquest or treaty, and there is nothing to fear from them, then he is always stirring up some war or other, in order that the people may require a leader.

– Plato on tyrants, The Republic

This is the last in our series on how America’s money, economy and government have changed since the collapse of the Bretton Woods agreement and the end of gold-backed money.

Today, we keep the focus on government… and what it has become. The period is hardly coincidental: On August 15, 1971, President Nixon hammered the last nail in the coffin of honest money.

It was not the only reason for the profound changes that followed. There was also the opening up of Communist China to capitalism, the fall of the Soviet Union and the rise of the Internet, to name just a few. But the new credit-based money system was the least obvious change… and probably the most important.

 

platon

Ancient Greek philosopher Plato

 

Caution: “Deep State” at Work

The credit-based dollar brought about a new economy. It changed the way people thought and the way their government operated. Now, deep pools of money determine which candidates are presented to voters.

And there is a new branch of government: the “Deep State.” It is not mentioned in the Constitution. And it operates above and beyond the visible process of democratic government.

Americans voted for Barack Obama in 2008 because they wanted a change from the Bush-era policies. But nothing changed. Why? Because the fix was in…

Candidate Obama was a critic of the war in Iraq; he promised to bring the Pentagon under control. But under President Obama, “security” spending in the US rose to its highest level since World War II. President Eisenhower warned us about this. He called it the “military-industrial” complex. This was the “Deep State” at work.

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RENTERS R US

4 comments

Posted on 30th March 2015 by Administrator in Economy |Politics |Social Issues

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About that housing recovery. The U.S. population has grown by 8% since 2005, while the number of households has grown by 5%. In addition to the weak overall household growth, due to stagnant wages, massive student loan debt, and only Obama shit service jobs, there have been no new owner occupied households. The number of owner occupied households is down 1%, while the number of rental households has soared by 16%.

The home ownership rate is now at a two decade low and sits at the same level it did in 1970, before Nixon closed the gold window and unleashed a debt and inflation tsunami upon our nation. The Federal Reserve solution to every bubble they create is to print enough to create another bubble. They have expanded their balance sheet by almost 600% since 2008, and have succeeded in crushing the middle class, senior citizens, and young people who should be buying their first homes.

 

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DON’T SHOOT

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Posted on 30th March 2015 by Administrator in Economy |Politics |Social Issues

LIBERTY DON'T SHOOT

Via William Banzai


The Inevitable Logic Of Self-Esteem

10 comments

Posted on 30th March 2015 by Administrator in Economy |Politics |Social Issues

Hat tip Boston Bob

Via Goodbye America, in a photo

Reuters Asks “Who Is More Of A Threat: Obama Or Putin”, Surprised By The Answer

8 comments

Posted on 30th March 2015 by Administrator in Economy |Politics |Social Issues

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Americans are a bunch of cowering pussies, afraid of their own shadows. Their biggest fear is having their iGadget run out of charge without an electrical outlet nearby. Their second biggest fear is hearing the Kardashians has been canceled. Their third biggest fear is having to add or subtract using their brain.

Tyler Durden's picture

People in the United States feel under threat, both from beyond our borders and within them and as Reuters reports, when asked about both U.S. President Barack Obama and Russian President Vladimir Putin, it was a pretty darn close call. A new Reuters/Ipsos poll finds a third of Republicans believe President Barack Obama poses an imminent threat to the United States, outranking concerns about Russian President Vladimir Putin and Syrian President Bashar al-Assad.

The blame, according to one sociologist, “the TV media here, and American politics, very much trade on fears.”

On the bright side for the Administration, ISIS and Al Qaeda still outrank him as more imminent threats… so that’s good (considering he is a Nobel Peace Prize winner).

 

 

A recent Reuters/Ipsos poll asked more than 3,000 Americans what they see as some of the biggest threats to themselves and the country. Overall it was close – 20% saw Putin as an imminent threat compared to 18% who said the same about Obama.

BIGGEST CASH HOARDERS ON EARTH

43 comments

Posted on 30th March 2015 by Administrator in Economy |Politics |Social Issues

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Below you will find the U.S. mega-corporations who outsourced American jobs to Far East slave labor facilities where they could maximize their profits. That’s what mega-corporations do – maximize short term profits no matter the long-term consequences. That is all well and good. When these mega-corporations made these decisions, they knew the tax implications of repatriating those foreign earnings back to the U.S. – a 35% tax rate.

These fuckers can’t have it both ways. They gutted our manufacturing base and shipped it to the Far East, making hundreds of billions in the process. Their brilliant Ivy League educated MBA CEOs paid themselves hundreds of millions for a job well done. They knew the downside, but now they want their captured politician puppets in Congress to give them a tax break if they are kind enough to repatriate those hundreds of billions. They will use the cash to buy back their stock and pay their executives bonuses for successfully buying off Congress again. Our vulture capitalism system is something to behold.

According to a recent J.P. Morgan report, U.S. companies hold a combined total of more than $2 trillion in cash abroad. Among all S&P 500 companies, Apple has parked the largest amount of cash outside the U.S. by quite a margin. The iPhone maker hoards $158 billion (89 percent of its total cash) overseas. That’s almost twice as much as second-ranked Microsoft ($82.1b) and 2.5 times the total of General Electric, which is ranked third with foreign cash holdings of $62.4 billion.

Under current law, U.S. multinationals have little incentive to bring home the cash they hoard overseas, because they would have to pay 35 percent corporate income tax once they repatriate their foreign earnings. To address this issue, two senators proposed a repatriation tax holiday earlier this year, which would enable companies to return money to the United States paying just 6.5 percent tax, not 35 percent. The bipartisan proposal suggests the proceeds could help finance the Highway Trust Fund which is expected to run dry in May. It would also limit the use of the repatriated funds, prohibiting their use for stock buybacks or executive compensation and funneling them towards investment beneficial to economic growth in the U.S.

Although considered unlikely, it wouldn’t be the first time Congress passed a tax holiday for foreign earnings. In 2004, companies paid just 5.25 percent taxes on repatriated cash. However, a congressional subcommittee later found that the measure hadn’t been effective: many of the companies that profited most went on to cut jobs and reduce R&D spending in subsequent years.

Infographic: These U.S. Companies Hoard Piles of Cash Abroad | Statista

You will find more statistics at Statista