"They Stole Our Future, But They Cannot Break Our Will
Well worth a 10 minute listen.
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Well worth a 10 minute listen.
Something non-political for a change. Found this interesting, hope you do also.
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"Instant Gratification-The Trap That Avoids Building Real Wealth
By Julian Burke January 3rd, 2010
Source Dream Manifesto
"Instant gratification is wanting everything now, and its converse is deferred gratification. Low impulse control provides short term satisfaction but causes long term chaos, imbalance, and personal failure, while high impulse control causes short term dissatisfaction but provides long term order, balance, and personal success.
Here are some classic examples of how the impulse of instant gratification works in real life:
- If you are seeking a relationship, you want it to unfold as magically as in the movies, and you’re impatient about building rapport and getting to know someone. Beguiled by Hollywood, you believe that romance is as simple as locking eyes across the room, talking breathlessly, and effortlessly plunging into a whirlwind of pleasurable experiences.
- If you are looking for prosperity, you want a complete business-in-a-box that tells you how to get rich quick, and you’re impatient about studying the many facets of business and the rules of sound money management.
- If you are not well, you want medication or surgery that will provide an instant cure so that you can get back to your normal life, and you’re impatient about carefully selecting the foods you eat, reducing your stress levels, and considering a holistic exercise routine.
- If you are worried about signs of aging, you may consider a botox injection to get firm skin and instant youth, and you’re too impatient to bother learning the facts about botox–thus, failing to discover that it is a botulinum toxin, a complex protein produced by a bacteria whose effect is as toxic as food poisoning.
- If you believe in the value of instant gratification, you believe that faster is better, and you want fast food, fast technology, fast education, and fast service. It can’t be much good, you reason, if it’s slow. You equate slow with inefficiency.
Overstimulated By Technology
Partially to blame for the cult of instant gratification is technology, in particular the technology of mass communication and rapid transportation.
Technology was supposed to make life easier. With more labor saving devices, we were supposed to have more time, not less. What technology has done is make us addicted to stimulation. People feel an urgent need to be dialing someone on their cell phone instead of merely driving or walking down the street. Faxes and email make ordinary mail into snail mail. Everything is faster, not only digital connectivity, but how fast we communicate and how fast we travel. We constantly hope to do more in less time.
Hollywood, The Entertainment Industry And Role Modeling
Although amplified by technology, the impulse of instant gratification has always been a part of human nature. In the past it used to be considered a character weakness, but today it is considered a sign of personal efficiency.
Nowadays, people who subscribe to instant gratification are often, fast-talkers, fast-thinkers, and fast-movers. They idealize a fast life. They believe that they are modern people, hip to technology, savvy, cosmopolitan. Even lighting up a cigarette is considered too time-consuming. Why use a match when you can use a lighter?
The modern self-image owes a lot to the stereotypes of Hollywood and the entertainment industry, which has created a subliminal pattern of mass role modeling. In Hollywood, for example, heroes and heroines glorify the hyped-up personality and extol the virtues of a volatile lifestyle.
The average viewer is primed for five times the action than previous generations of movie-goers. Why, settle for a few fist fights as in the old Westerns when your new screen hero can blow up a fleet of police cars, cause multiple car pileups and ruin numerous lives in the same time frame? Blockbusters are not built on people simply talking and behaving normally. Celluloid adventures without massive disasters are no adventures at all.
A Change In Perspective
In the earlier part of this century, according to Sigmund Freud‘s Theory of Personality, the urge of instant gratification was considered a symptom of poor impulse control, an expression of weak ego boundaries.
Since the superego represented the principle of morality, the ego the principle of reality, and the id the principle of pleasure, an inability to delay gratification was the result of a reckless id that could not be controlled by the ego or the superego.
Today, these ideas are considered quaint. Life is not about staying balanced but about getting the most satisfaction in the shortest amount of time.
The Brain And Instant Gratification
Besides the pervasive influence of digital technology and the entertainment industry, Neurobiologists, scientists interested in learning how the brain and nervous system work, have discovered some interesting things about how low impulse control often starts in childhood.
One of these findings is the effects of drugs and alcohol on children.
Due to the stress of modern life, women tend to drink more alcohol than during previous generations. In the United States, 15 percent of women admitted in a survey that they drank alcohol, and of that number, 30 percent admitted that they drank during pregnancy. Drinking during pregnancy causes harm to the embryo.
The alcohol crosses the barrier of the placenta and damages the growing brain of the embryo. Many children are born with mental health problems due to alcohol ingestion in the womb, a condition called fetal alcohol syndrome (FAS). Children with FAS are often impatient and find delayed gratification almost impossible. However, alcohol is only one cause of stunted mental development in babies.
Drugs, ingested by pregnant mothers, both prescriptive and recreational, have also created havoc on the brain and nervous system of children. The cumulative effect, culturally, of drug and alcohol abuse by pregnant mothers has been a new generation of children less equipped to handle the stresses of modern life and more inclined to seek instant gratification whenever they can.
Another discovery by neurobiologists is that children who are able to demonstrate delayed gratification are more intelligent than those who demand instant gratification.
One study, conducted during the 1960s, has been a landmark in showing the correlation between delayed gratification and intelligence. It has been called the marshmallow experiment.
Walter Mischel, a researcher at Stanford University, worked with a test group of four year old children. He offered each one a marshmallow, but promised another one if the child could wait for twenty minutes before eating it. Some waited, others did not. The researchers kept track of the children into adolescence and found that those who had the capacity for delayed gratification scored about 210 points higher in the Scholastic Aptitude Test (SAT).
Exploitation Of Instant Gratification By Industry
In any modern city, industrial interests, wishing to promote more wealth through consumerism fully exploit low impulse control.
In any city, billboards, slogans, banners, and shop signs assault the innocent pedestrian. The invisible fingers of the market manipulators are forever seeking to stimulate trivial desires and separate consumers from their hard-earned money, even enticing them to spend much more than they have through a credit system.
If people have a tendency to consume too many soft drinks, eat too many fast meals, take too many medications, and buy too many things that they simply don’t not need for their well-being, it’s because their sense of instant gratification is perpetually exploited. Neon signs, repetitive trigger words, colorful logos, and jingles influence consumers. This assault comes from gigantic billboards and electronic signs as well as from radios, commercials, computers, and print ads.
This exploitation of a need for instant gratification, does more harm than merely empty bank accounts. All kinds of aberrant behavior arises from distraught people, including domestic abuse, suicide, and criminal activity to compensate for cash shortages.
Instant Gratification And Emotional Intelligence
Daniel Goleman, the creator of the concept of emotional intelligence, believes that a person can handle difficult life situations well if they have emotional maturity – because they can clearly think about things, make the best decisions, and take the right action.
Positive emotions create positive thoughts and behaviors, and this is high emotional intelligence. Negative emotions, likewise, create negative thoughts and behaviors, and this is low emotional intelligence.
Emotions, triggered by the consequences of dealing with what happens after satisfying a moment of instant gratification, usually escalate problems. The fleeting happiness of consumption is followed by numerous negative emotions, spiraling from anger to despair
After dissipating income, people feel frustrated, and frustration leads to feelings of anger, and anger leads to acts of destruction, either through self-sabotage or lashing out at other people.
It is difficult to make sound decisions about self-worth, discipline, and proactive action in the grip of negative emotions. Those who feel negative emotions precipitate negative experiences for themselves and other people.
The higher a person‘s need for instant gratification, the lower their emotional intelligence.
How The Money System Has Changed And How To Think Long Term
The global recession is a symptom of how the money system has changed. The traditional money system is causing the human race to run out of resources, from fuel to food.
People need meaningful occupations. They also need to live within their means, avoiding irresponsible consumer spending. By reducing both national and personal debt, and by working on building goods and services of tangible value, it is possible to change for the better.
Although the modern world has been created by the ingenuity of generations of hard working people, few modern people have the patience to study, practice, and perfect skills. Young people want to have in a decade the level of wealth it took their parents a lifetime to acquire. This has resulted in people taking all sorts of economic shortcuts, including fraudulent practices in corporate boardrooms that affect stock exchanges.
Understanding the value of change, how do human beings turn their back on a culture of instant gratification that is causing havoc with the money system across the world?
How Thinking Long Term Can Lead To More Success For All
The most startling solution to date has come from the city of São Paulo. According to Business Week, in June, 2007, Brazilian populist mayor, Gilberto Kassab, did something unprecedented in the history of the modern world: he banned all advertising in São Paulo–making it the first city in the world to say no to advertising.
Although this sounds like a myth perpetuated by the radical magazine, Adbusters, a glossy American magazine that details how advertising perpetually feeds the neurosis of instant gratification, in São Paulo, Brazil, this dream has become the new reality.
The clean city laws brought down eight thousand billboards. A Brazilian can walk through the city streets without encountering manipulative messages from posters, flyers, billboards, and advertising on buses and trains.
Populist writer Roberto Pompeu de Toledo hailed it as “a rare victory of the public interest over private, of order over disorder, aesthetics over ugliness, of cleanliness over trash.”
The president of the city council, Roberto Tripoli, said, “What we are aiming for is a complete change of culture. Yes, some people are going to have to pay a price but things were out of hand and the population has made it clear that it wants this.”
Is Instant Gratification Short-circuiting Civilization Itself?
While it may seem rather dramatic to blame the ills of the world on something as simple as instant gratification, reviewing the story of how mass communication and transport technology, the sublime influence of Hollywood and the entertainment industry, the neurological problems caused by drug and alcohol on babies, and the brainwashing nature of modern advertising, the impulse of instant gratification does seem to heavily contribute to the foundations of reckless living on this planet.
With the virulence of commercialism reduced, people have a chance of establishing meaningful personal and cultural goals, spending more time getting to know each other better, and regaining an emotional maturity that will lead to long term benefits, like ideas on how to allocate resources so that everyone in the world can meet their basic needs for shelter, food, and drinkable water.
Long term success for all is only possible when intelligent thinking, feeling, and behavior is reintroduced to the world. Instant gratification is a trap that avoids building real wealth."
"Spy chiefs turn on President Obama after seven CIA agents are slaughtered in Afghanistan
By David Gardner
Last updated at 8:40 AM on 02nd January 2010
Source DailyMail.uk
"Barack Obama was accused of double standards yesterday in his treatment of the CIA.
The President paid tribute to secret agents after seven of them were killed by a suicide bomber in Afghanistan.
In a statement, he said the CIA had been ‘tested as never before’ and that agents had ‘served on the front lines in directly confronting the dangers of the 21st century’.
He lauded the victims as ‘part of a long line of patriots who have made great sacrifices for their fellow citizens and for our way of life’.
Yet the previous day he had blasted ‘systemic failures’ in the CIA and other U.S. intelligence agencies for failing to prevent the Christmas Day syringe bomb attack.
Backlash: Agency officials are angry at the president's about face
‘One day the President is pointing the finger and blaming the intelligence services, saying there is a systemic failure,’ said one agency official. ‘Now we are heroes. The fact is that we are doing everything humanly possible to stay on top of the security situation. The deaths of our operatives shows just how involved we are on the ground.’
But CIA bosses claim they were unfairly blamed at a time the covert government agency has been stretched further than ever before in Afghanistan and Pakistan.
They point to the murder of seven operatives at a remote mountain base in Afghanistan’s Khost Province as an example of how agents are putting their lives on the line at the vanguard of America’s far-flung wars.
The agents – including the chief of the base, a mother-of-three - were collecting information about militants when the suicide bomber struck on Wednesday.
The attack was the deadliest single day for the agency since eight CIA officers were killed in the 1983 bombing of the US Embassy in Beirut.
The base targetted by Wednesday’s suicide bomber was a control centre for a covert programme overseeing strikes by remote-controlled aircraft along Afghanistan’s border with Pakistan.
‘Those who fell were far from home and close to the enemy, doing the hard work that must be done to protect our country from terrorism. We owe them our deepest gratitude,’ CIA Director Leon Panetta said.
Some CIA officials are angry at being criticised by the White House after Abdulmutallab, 23, was allowed to slip through the security net and board a US-bound flight in Amsterdam despite evidence he was a terror threat.
The president complained that a warning from the former London engineering student’s father and information about an al Qaeda bomb plot involving a Nigerian were not handled properly by the intelligence networks.
But CIA officials say the data was sent to the US National Counterterrorism Centre in Washington, which was set up after the 9/11 attacks as a clearing house where raw data should be analysed.
Agents claim that is where the dots should have been connected to help identify Abdulmutallab as a threat."
http://www.dailymail.co.uk/news/worldnews/article-1239941/Spy-chiefs-turn-President-Obama-seven-CIA-agents-slaughtered-Afghanistan.html
"Key Theme In Interview With ShadowStats' John Williams - (You Guessed It) Hyperinflation And The Death Of The US Economy
Submitted by Tyler Durden on 12/30/2009 13:38 -0500
Source Zero Hedge
"If you thought John Williams, who a month ago prophesied that the US could be facing hyperinflation as soon as 2010, has changed his tune, think again. In an interview conducted by Phil Maymin of the Fairfiled Weekly, the man who has made a business out of debunking the government's data fabrication machine, dishes out some very hard to swallow truths about the US economy and where the fiat world is headed. As always, Williams' perspectives are debate-worthy by all, whether inflationist or deflationist: in a field of media sycophants, JW is not afraid to speak what we all know, yet rarely wish to acknowledge.
Maymin: So we are technically bankrupt?
Williams: Yes, and when countries are in that state, what they usually do is rev up the printing presses and print the money they need to meet their obligations. And that creates inflation, hyperinflation, and makes the currency worthless.
Obama says America will go bankrupt if Congress doesn't pass the health care bill.
Well, it's going to go bankrupt if they do pass the health care bill, too, but at least he's thinking about it. He talks about it publicly, which is one thing prior administrations refused to do. Give him credit for that. But what he's setting up with this health care system will just accelerate the process.
Where are we right now?
In terms of the GDP, we are about halfway to depression level. If you look at retail sales, industrial production, we are already well into depressionary. If you look at things such as the housing industry, the new orders for durable goods we are in Great Depression territory. If we have hyperinflation, which I see coming not too far down the road, that would be so disruptive to our system that it would result in the cessation of many levels of normal economic commerce, and that would throw us into a great depression, and one worse than was seen in the 1930s.
What kind of hyperinflation are we talking about?
I am talking something like you saw with the Weimar Republic of the 1930s. There the currency became worthless enough that people used it actually as toilet paper or wallpaper. You could go to a fine restaurant and have an expensive dinner and order an expensive bottle of wine. The next morning that empty bottle of wine is worth more as scrap glass than it had been the night before filled with expensive wine.
We just saw an extreme example in Zimbabwe. ... Probably the most extreme hyperinflation that anyone has ever seen. At the same time, you still had a functioning, albeit troubled, Zimbabwe economy. How could that be? They had a workable backup system of a black market in U.S. dollars. We don't have a backup system of anything. Our system, with its heavy dependence on electronic currency, in a hyperinflation would not do well. It would probably cease to function very quickly. You could have disruptions in supply chains to food stores. The economy would devolve into something like a barter system until they came up with a replacement global currency.
What can we do to avoid hyperinflation? What if we just shut down the Fed or something like that?
We can't. The actions have already been taken to put us in it. It's beyond control. The government does put out financial statements usually in December using generally accepted accounting principles, where unfunded liabilities like Medicare and Social Security are included in the same way as corporations account for their employee pension liabilities. And in 2008, for example, the one-year deficit was $5.1 trillion dollars. And that's instead of the $450 billion, plus or minus, that was officially reported.
Wow.
These numbers are beyond containment. Even the 2008 numbers, you can take 100 percent of people's income and corporate profit and you'd still be in deficit. There's no way you can raise enough money in taxes.
What about spending?
If you eliminated all federal expenditures except for Medicare and Social Security, you'd still be in deficit. You have to slash Social Security and Medicare. But I don't see any political will to rein in the costs the way they have to be reined in. There's just no way it can be contained. The total federal debt and net present value of the unfunded liabilities right now totals about $75 trillion. That's five times the level of GDP.
What can we, the people, do to stop the government from, you know, taking all our money?
We should have acted 20 years ago. There's not much you can do at this point to prevent the eventual debasement of the dollar. This involves both sides of the political spectrum. It's not limited to the Republicans or the Democrats. They've both been very active in setting this up.
What can individuals do?
The only thing individuals can do now is look to protect themselves. I wish I could see a way, but shy of severe slashing of the social programs that is so politically reprehensible and would create such problems and social unrest, I don't see that as a practical solution.
If you're a young 20- or 25-year-old guy or gal, would you move to another country? What would you do?
We still have a great country. We're going through a period of economic pain. It's happened before. This is the kind of thing that's taken us decades to get into and it will take us decades to get out. Although the hyperinflation is going to be limited largely to the U.S., the economic downturn will affect things globally. I can't tell you how things will go with a hyperinflationary Great Depression, which is where I see things going.
It's the type of thing that will tend to lead to significant political change. People tend to vote their pocketbooks. You could have the rise of a third party. You could even have rioting in the streets. I'm not formally predicting that — anyone can run these different scenarios. For the individual, what you need to do, from an investment standpoint, look to preserve your wealth and assets. Don't worry about the day-to-day fluctuations in the markets. What I'm talking about here is over the long haul...
[Gold is] going to be highly volatile, as will the dollar, over the near term, but longer term, physical gold I would look at as a primary hedge for preserving the purchasing power of your wealth and assets. Maybe some physical silver. Get some assets outside the U.S. dollar. I might even look to move some assets physically outside the United States. The key here is to look at a longer range survival package, battening down the hatches, and preserving your wealth and assets during a very difficult time. Once you're through that, you'll have some extraordinary investment opportunities, and I can't tell you what it's going to be like on the other side of this crisis.
Dr. Phil Maymin is an Assistant Professor of Finance and Risk Engineering at NYU-Polytechnic Institute. The views represented are his own
h/t Steve "
As a means to inform myself about the ideology I did a bit of research and turned this up on Discover The Networks dot org which IMHO contains credible and well researched information.
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"BEIJING, Dec 29 (Reuters) - A small Chinese power generator on Tuesday rejected demands from a Goldman Sachs unit to pay for nearly $80 million lost on two oil hedging contracts, part of a long-running dispute over how China deals with derivatives losses.
Goldman Sachs (GS.N) was one of the foreign banks, along with Citigroup (C.N), Merrill Lynch and Morgan Stanley (MS.N), blamed by the state assets watchdog for providing "extremely complicated" and difficult to understand derivatives products. [ID:nPEK242617]Shenzhen Nanshan Power (000037.SZ) (200037.SZ) said in a statement that it received several notices from J. Aron & Company, a trading subsidiary of Goldman Sachs (GS.N), for at least $79.96 million as compensation for terminating oil option contracts.
"We will not accept the demand by J. Aron for all the losses and related interests," said Nanshan, in line with the stance it took last December.
"We will try our best to negotiate with J. Aron and resolve the dispute peacefully...but the possibility of using a lawsuit can not be ruled out when talks fail," it added.
"J. Aron told us in one notice that if we do not pay the money, they will reserve the right to launch a lawsuit and will not send us any further notice."
The State Assets Supervision and Administration Commission said in September that it would back state-owned companies in any legal action against the foreign banks that sold them oil derivatives, which resulted in losses when oil prices dived late last year. [ID:nPEK14474]
A Beijing-based Goldman Sachs corporate communication official declined to comment.
Nanshan said in October last year that two oil option-related contracts with J. Aron were signed by its officials without authorisation from the company. In December 2008 it said in a statement it had terminated the deals, and that it would not accept J. Aron's demand for payment.
LONG-TIME TUSSLE
Many Chinese firms, especially airliners, suffered huge losses from complex oil options trading last year as oil price collapsed to nearly $30 a barrel.
A senior official from SASAC revealed last month that 68 Chinese firms suffered net losses of 11.4 billion yuan ($1.67 billion) by October 2008 on call and put options signed with foreign banks.
So far no legal action has been taken and many lawyers and industry analysts believe that Chinese firms and their foreign banks are quite likely to settle their disputes privately or through arbitration, similar to a handful of previous cases in the mid-1990s.
Only 31 firms are authorised in China to trade derivatives directly in the overseas market and the regulators started strictly prohibiting others from such trading since early 2009 after losses were exposed.
SASAC said last month that it had suggested companies without overseas derivatives trading licences trade on the domestic market or through domestic financial institutions."
http://ow.ly/QMvvExceptionally well stated commentary about the senate health care vote from Powelineblog.com.
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"Arrogance, corruption, stupidity
"Republicans didn't have the votes to stop the Senate's Obamacare bill this morning. But they had the better argument. Oklahoma's magnificent Senator (and Dr.) Tom Coburn spoke for a lot of us in explaining his vote against the Democrats' bill:
This vote is indeed historic. This Congress will be remembered for its arrogance, corruption and stupidity. In the year of 2009, a Congress ignored the coming economic storm and impending bankruptcy of our entitlement programs and embarked on an ideological crusade to bring our nation as close to single-payer, government-run health care as possible. If this bill becomes law, future generations will rue this day and I will do everything in my power to work toward its repeal. This bill will ration care, cut Medicare, increase premiums, fund abortion and bury our children in debt.
This process was not compromise. This process was corruption. This bill passed because votes were bought and sold using the issue of abortion as a bargaining chip. The abortion provision alone makes this bill the most arrogant piece of legislation I have seen in Congress. Only the most condescending politician can believe it is appropriate to force Americans to pay for other people's abortions and to coerce medical professional to take the lives of unborn children.
I would quibble only with Senator Coburn's attribution of "stupidity" to congressional Democrats. The House and Senate bills are indeed stupidly destructive of the best health care system in the world, and they will impose unbearable costs on the American public. But if and when a final bill is enacted next year, the Democrats will have achieved their goal of control over the medical means of life and death. This Congress will be remembered for its arrogance, corruption and tyranny as well as its staggering profligacy, all of which are well represented in the Obamacare bills.
Politico reports that the timetable for passage of a final bill has now slipped to February. Ed Morrissey and Andrew McCarthy tentatively see a ray of light in the delay, and Ramesh Ponnuru also envisions the possible defeat of Obamacare in the House. Later is better than sooner, but don't be deceived. The Democrats have the whip hand.
Grounds for optimism exist in the opposition to the government takeover of health care that runs deep and wide. Somehow, the American people have seen through the bill of goods they are being sold despite the Obama administration's best efforts, the Democrats' control of the process and the unfailing assistance of their allies in the media.
Democrats count on the opposition to subside and the public to acquiesce. Yet the Roman spectacle to which Obama and the congressional Democrats have treated us will be hard to erase from our memory. It will constitute an obstacle to our pacification and a spur to our resistance.
JOHN adds: To arrogance, corruption and stupidity we should perhaps add self-delusion. Harry Reid says that the public will greet passage of his government medicine bill with "joy and happiness." These are not people who can be compromised with or deflected from their drive toward socialism. They can only be defeated, starting in November."
Brilliant commentary which is one reason I've lost faith in the Republican Party as an entity. I have not lost faith in fiscal conservatives, however.
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"The Dems' political payoff
December 22, 2009 Posted by Scott at 6:36 PM"I think that a lot of congressional Democrats are going to pay the price of Obamacare, but Andrew McCarthy highlights a key point:
The best thing about Mark Steyn's guest-host stint on Hannity last night -- other than Jonah's joining him on the panel -- was that Mark asked some pointed questions of two brilliant political strategists, Dick Morris and Karl Rove, that seemed rooted in Mark's theory that, on health care and all it entails, "The Dems are thinking strategically; the Republicans are all tactics."
For my money, I think the theory is being borne out: Democrats have their eyes on a different end-game than our guys do: namely, the establishment of permanent, European-style socialism in the U.S. Our guys are focused on converting Obama radicalism into big-time electoral success in the next election cycle. The Dems have already factored in that likelihood and are betting -- over the long haul -- that even if the GOP cuts deeply into Dem majorities or takes over Congress (and even takes over the White House in 2012), Republicans will lack the commitment (and perhaps the numbers) to roll back what the Left is accomplishing now.
That is, our guys are focused myopically on a battle the Democrats have already figured they can afford to lose. The real battle is: What do you do when you get back in power? Do you have a plan for how to undo what is being done? Do you frame the coming elections in a way that converts victory into a mandate not only to stop what Obama is doing but to undo what he has done?
I'm hearing a lot from our side about making big gains in the upcoming elections. That's not strategy or victory. You have to have a plan for what those gains would translate into. Democrats, by contrast, have a real plan for how what they're doing today will sustain Big Government, and themselves, over the long term, regardless of occasional electoral losses."
"Exclusive: ACORN Qualifies for Funding in Senate Health Care Bill
Source The Weekly Standard"Senator Roland Burris is claiming credit for a provision in Harry Reid's "manager's amendment," unveiled Saturday morning, that could funnel money to ACORN through the health care bill.
On December 9, Burris, an Illinois Democrat, pledged that he would filibuster a health care bill without a public option. "If we have to get 60 and it comes back and it does not have a public option in it, I will not vote for it," he said. Then early last week he said he could vote for the bill if there were changes made to achieve the goals of the public option: "until this bill addresses cost, competition, and accountability in a meaningful way—it will not win [my vote]."
Asked last night before the Senate voted why he was planning to support a bill without a public option, Burris said: "We have a great bill--the best we could get. And it also covers most of our concerns: competition, cost, and accountability." But had anything specifically changed in the text of the bill that helped him change his mind? Burris told THE WEEKLY STANDARD: "It was the disparity provision that was put in, which we had something to do with, in terms of making sure that diabetes and the other diseases that are affecting minorities are really studied by HHS in all of these pilot programs."
The provision he cites, found on pages 240 through 248 of the manager's amendment, requires that six different agencies each establish an “Office of Minority Health.” The agencies are the “Centers for Disease Control and Prevention, the Health Resources and Services Administration, the Substance Abuse and Mental Health Services Administration, the Agency for Healthcare Research and Quality, the Food and Drug Administration, and the Centers for Medicare & Medicaid Services.”
According to page 241 of the amendment:
In carrying out this subsection, the Secretary, acting through the Deputy Assistant Secretary, shall award grants, contracts, enter into memoranda of understanding, cooperative, interagency, intra-agency and other agreements with public and nonprofit private entities, agencies, as well as Departmental and Cabinet agencies and organizations, and with organizations that are indigenous human resource providers in communities of color to assure improved health status of racial and ethnic minorities, and shall develop measures to evaluate the effectiveness of activities aimed at reducing health disparities and supporting the local community. Such measures shall evaluate community outreach activities, language services, workforce cultural competence, and other areas as determined by the Secretary.’’
According to a Senate legislative aide, the scandal-plagued Association of Community Organizations for Reform Now could qualify for grants under this provision. ACORN would also qualify for funding on page 150 of the underlying Reid bill, which says that "community and consumer-focused nonprofit groups" may receive grants to "conduct public education activities to raise awareness of the availability of qualified health plans."
Earlier this year, Congress passed and the president signed into law a ban on federal funding for ACORN, but a judge ruled that that law was unconstitutional. If a higher court reverses that ruling, ACORN may be prohibited from receiving funds through the Office of Minority Health earmark. But according to the Senate legislative aide, ACORN would still "absolutely" qualify for federal funding through the provision in the underlying Reid bill because the anti-ACORN appropriations amendment would not apply to funds provided through the health care exchanges.
A spokesman for Sen. Harkin, chairman of the HELP committee, wrote in an email that he "will look into" which organizations qualify for funding under these provisions. Spokesmen for Senators Reid and Dodd did not immediately reply to emails.
Posted by John McCormack on December 21, 2009 06:59 PM | Permalink "
http://www.weeklystandard.com/weblogs/TWSFP/2009/12/exclusive_acorn_qualifies_for_1.asp
Long article but worth the read. Looks like if they can't scam people out of their retirement funds, investments, savings ..... they thought of something else.
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"How much imaginary gold has been sold?"
By Adrian Douglas for Gata.org
Source Life After the Oil Crash
"On October 10 I published an article that postulated that the gold market is a Ponzi scheme because it sells gold that doesn't exist by implementation of the principles of fractional reserve banking. (See http://www.gata.org/node/7887.) Since writing that article further information has come to light that supports this claim and allows an estimate of how much gold has been sold that doesn't exist if the owners of the gold ask for it.
In other words, there are several owners for each ounce of physical gold.
By complete coincidence Paul Mylchreest of The Thunder Road Report has just written an in-depth study into the daily trading volumes of gold on the London over-the-counter market, which can be found here.
The London OTC market is where most physical gold is traded. This market is a wholesale market where trades are conducted only between the bullion trading houses on behalf of their clients. About 95 percent of the trading is by way of gold that is held in unallocated bullion accounts.
The unique characteristic of gold is that about 50 percent (80,000 tonnes) of the above-ground stocks are held as a store of wealth (investment). The other 50 percent exists as jewelry. When gold is bought as a store of wealth it can perform that function for you wherever it is in the world. Given this unique characteristic many large investors in bullion prefer to leave their gold with the bullion dealer from whom they bought it so that it can be stored in their vault and easily resold. This is identical to the situation with stocks, where most stock certificates are held by brokerage houses, not by individuals.
That people are buying and selling gold without ever taking delivery means that there is the opportunity for bullion houses to sell gold that doesn't exist.
Now the bullion houses probably don't view this as illegal or dishonest because they will operate a fractional reserve type of system, just as the banks do with fiat currency, and will make sure they have enough gold on hand for what would be the maximum estimated volume of gold that could be called for delivery. After all, trading is done with unallocated gold, so how much more unallocated can it get if it doesn't exist at all?
This is what caused bank runs in the days of the gold standard. People would deposit gold in a bank and receive bank notes (dollar bills) in exchange. At any time the depositor could return and hand over his bank notes and receive from the bank the same quantity of gold he deposited. The banks realized that under normal circumstances a maximum of about 10 percent of the gold deposited could be requested. So the banks saw an opportunity. They could issue up to 10 times as many bank notes in loans as there was gold in the bank and they could earn interest on the bank notes. The system worked until there was difficulty meeting withdrawals. Then word spread quickly that the bank was insolvent, and as holders of the banknotes rushed to the bank to redeem them for gold, the bank would admit it had insufficient gold and would declare bankruptcy.
The origin of the word "bankruptcy" is from the Latin words "bancus" and "ruptus," which means literally that the bank is broken. Banks have gone bust frequently enough to have earned themselves the ownership of the word to describe the phenomenon. Isn't that ironic when banks are meant to be a safe store for money?
This basic scam is at the center of modern gold market manipulation. Instead of real gold, paper substitutes for gold are sold through derivatives, futures, pooled accounts, exchange-traded funds, gold certificates, etc. I estimate that each actual physical ounce of gold has multiple ownership claims to it.
For the scam to be sustained there must always be plentiful physical gold for those who want it. The market is, in effect, a giant inverted pyramid with a huge paper gold market being supported by a small amount of physical gold at the tip of the inverted pyramid. The scam can continue until there are indications of a shortage of physical gold. If all the claimants of each ounce of real gold demand their gold, then there is the potential for a squeeze such as has never been seen before.
To lend support to the idea that all the gold in the world has been sold several times over I cite the case of Morgan Stanley, which was sued in 2005 for selling non-existent precious metals. Morgan Stanley even had the audacity to charge storage fees. The firm settled the class-action lawsuit out of court but no criminal charges were ever filed. If Morgan Stanley was doing this, you can bet that it is the tip of the iceberg.
Paul Mylchreest has done fabulously detailed research into data on the daily trading of gold on the London OTC market. He concludes that 2,134 tonnes of gold are traded each and every day. That is a shocking number because this is 346 times larger than all the gold that is mined in the world each day.
But this on its own is not sufficient evidence to indicate that the market is fraudulent. For example, if I have a 1-ounce gold coin and I have a hundred friends I could sell the coin to a friend and then he could immediately sell it back to me or sell it to one of my other friends, who could sell it back to me. If I were to transact with all my friends in the same day in this way, I could have turned over a volume of 100 ounces in trading transactions but no fraud would have occurred because the last friend I traded with owns the 1-ounce coin, even though it went through a hundred sets of hands before it got to him. There are no multiple ownership claims to the coin because the trades were sequential, not simultaneous.
But if I were to sell 1 ounce of gold to all my friends and promise I would keep the gold for them, the trading for the day would be 100 ounces but now fraud has been committed because I have a liability of 100 ounces while I have possession of only 1 ounce. If they never ask for the gold and I can pay them cash when they want to sell their gold, then there is a good chance my friends would be none the wiser ... until the day when at least two friends insist on receiving the 1-ounce coins they each supposedly own.
The daily gold trading in London is simply humongous. We talk of the gold market being a tiny market. It is anything but. It has a daily turnover of $70 billion. To put this in perspective, the world consumes 86 million barrels of oil each day. The total cost of the global daily oil consumption is a mere $6 billion!
But as discussed above, the daily volume traded does not in and of itself prove that a fraudulent fractional reserve operation is being conducted. Mylchreest did some more work using statistics from the GFMS metals consultancy to determine the maximum quantity of gold stock the OTC market could be holding with which it can back the huge daily trade volume. The gold that is traded has to be in the form of London Good Delivery (LGD) bars, which are 400-ounce bars. Mylchreest estimates that there can be only about 15,000 tonnes of such bars in the world. Let us assume that the London OTC market holds them all. We will show that by comparison with the trading of other unallocated gold products that 15,000 tonnes is nowhere near enough gold stock for the gold not to have more than one ownership claim to each ounce.
The purpose of buying investment gold is for it to store wealth. This necessarily implies that it is held for a long time. If gold is bought and traded quickly it would destroy wealth, not store it, because there would be a large loss due to transactional fees. The figures we have so far suggest that the entire stock of gold of the London gold market could be turned over every seven days (15,000 / 2,134 = 7). That would hardly be characteristic of a market that is supposed to be selling a "buy and hold" product. For the purposes of illustration, in a town of 15,000 houses would you expect 2,134 houses to be sold each day? Or that each house on average would have 52 owners during the year?
Let's compare how much of the inventory of the precious metal exchange-traded funds are traded each day to get a good idea about how frequently investors trade something they have bought as a store of wealth. The most liquid and highly traded ETF is GLD. It has 325 million shares outstanding and the fund trades on average 11.9 million shares each day. This means it trades one share each day for each 30 shares outstanding. Central Fund of Canada trades one share for each 140 shares outstanding, while the Gold Trust Unit trades one share for each 300 shares outstanding.
The GLD ETF is a way of buying, holding, or selling unallocated gold. One would expect the investors' behavior in this ETF would be similar to those trading the unallocated accounts on the OTC. If the investor trading mentality on the London OTC is similar, then 2,134 tonnes should be 1/30th of the gold stock held by the OTC. This equates to 64,000 tonnes of gold. But Mylchreest estimates that the OTC can hold no more than 15,000 tonnes because that is the entire global stock of LGD bars. If we use the CEF example, the stock would have to be 298,000 tonnes, or by the GTU example it would have to be 640,000 tonnes.
Probably the GLD comparison is the most relevant, as that exchange-traded fund claims to hold 1,100 tonnes gold, which is comparable to the maximum 15,000 tonnes that could be held by the OTC participants. However, the OTC is restricted to wholesale traders and has a minimum trade limit of 1,000 ounces. In GLD the minimum trade is a tenth of an ounce and trading is open to everyone. Considering these limitations it is likely that OTC participants would turn over a lot less than 1/30th of the inventory in a day. But even taking the GLD estimate, the OTC participants should be holding 64,000 tonnes when according to what can be deduced from GFMS statistics they can be holding only 15,000 tonnes.
This means that each ounce has at least four owners. I think this is probably very conservative because the GLD vehicle is set up to be easily traded and in units as small as a tenth of an ounce. I would guess that it is more likely to be as high as 10 or even 20 owners to every ounce, particularly when the banking world has used a 5-10 percent reserve ratio with fiat money for a long time and bankers are creatures of habit.
This would imply that the liability for unallocated gold that has been sold is probably closer to 150,000 tonnes (taking the more conservative 10 percent figure), but the liability is backed by a totally inadequate maximum of only 15,000 tonnes of physical gold. So it's likely that between 45,000 and 135,000 tonnes of unallocated gold has been sold that does not exist.
This is between 50 and 170 percent of the entire existing investment gold stock that has taken 6,000 years to mine and accumulate.
We are hearing of more and more cases of gold investors wanting to take physical delivery or have allocated gold.
In my recent article I said:
"A couple of months ago Greenlight Capital, the large hedge fund, switched $500 million of investment in GLD to physical gold bullion. ... Apparently Germany has requested that its sovereign gold held by the New York Federal Reserve Bank be returned to Germany. Hong Kong has requested the same of the Bank of England, which stores its sovereign gold. Robert Fisk, a respected journalist for the UK's Independent newspaper, reported this week that the Arab oil-producing states, Japan, Russia, and China have been holding secret talks to replace the dollar as the international reserve currency and as an accounting unit for trade. He reports that the basket of currencies they propose instead of the dollar would include gold. If gold is going to regain its monetary role, then you can understand why those in the know want actual physical bullion. There are some very real and significant signs that a run on the Bank of the Gold Cartel for physical gold is commencing."
Talking of runs on the bank, Rob Kirby of Kirby Analytics in Toronto, a GATA consultant, did some brilliant sleuthing work. His sources have told him that there was panic in the London gold market around September 30 as participants in the market wanted to take delivery of their purchased gold and refused generous cash settlements that were offered instead. Central banks had to come to the rescue to provide the gold via leasing. Apparently even the central banks could not provide bars that met LGD standards, which indicates that an acute shortage of physical gold is developing and that perhaps already many OTC clients have drained a large proportion of the 15,000 tonnes of gold stock from the London OTC market.
This supports what I have been discussing above.
Paul Walker, CEO of GFMS, recently said that gold was going up because of some "large lumpy transactions in a market with a degree of illiquidity."
If the OTC was selling only gold that the participants own, there could never be a lack of liquidity. The panic that occurred at the end of September confirms that there is a chronic lack of liquidity. This necessarily implies that there is multiple ownership of the same ounce of gold and it is, therefore, fraudulent. Leasing of gold from central banks provides only temporary liquidity, because the central banks want their gold returned at some later date, and it looks as if the bullion bankers may have dipped into that well one too many times already.
The gold market is in a precarious position. Just as in the days of the gold standard it requires only one customer not having his deposit returned to bring down the bank, because a domino effect results in all depositors asking for their deposits to be returned. If my estimates are correct, that somewhere between 64,000 and 150,000 tonnes of gold have been sold against a reserve of only 15,000 tonnes.
But how much of even this 15,000 tonnes remains?
The panic at the end of September suggests that liquidity is very tight, in which case only a small percentage of investors asking for their gold to be delivered or placed in an allocated account will blow up the gold market and expose the scam -- a scam that has been repeated time and time again throughout history. Why should this time be any different?
If you think you own gold, you should take a few precautions.
If you have unallocated gold in some sort of pool account that does not have a satisfactory audit or you own shares in an ETF that does not have a reliable audit, take action. Take delivery of gold or move your investment to reliable and audited allocated storage.
If you do nothing about it and when the music stops you are left with just a piece of paper that says you own gold but no one is able to give it to you, then perhaps you will be able to take comfort in your having dismissed the German government, the Hong Kong government, Greenlight Capital, and many others as a bunch of nuts who don't know as much as you do about counterparty risk in the gold market. But the "nuts" who are realizing that there are multiple claims to each ounce of gold will at least have their gold if they ask for it first.
http://www.lifeaftertheoilcrash.net/Archives2009/AdrianDouglasGold.html
Interesting point of view.
My comment .... Plant trees (seedlings) to reforest and cool the earth by shading it. Trees take in CO2 and expell O2 as a byproduct. Perfect symbiosis, perfect design.
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Thursday, December 10, 2009 GET REAL
"Climate: The new god of left-wing Christianity
"The following is based on an article by Cliff Kincaid for Accuracy in Media.
"With the ClimateGate revelations of flimsy “science” behind the man-made global warming theory, the role of the religious left in promoting this fraudulent scheme now deserves serious media scrutiny. Because that is unlikely, consider the following:
Dr. James Wanliss, Associate Professor of Physics at Presbyterian College, has written The Green Dragon, a book about how environmentalism is actually committed to “the reconstruction of a pagan world order” and “rejection of Christian spirituality.” Wanliss argues that the environmental movement “is a religion with a vision of sin and repentance, heaven and hell. It even has a special vocabulary, with words like ‘sustainability’ and ‘carbon neutral.’ Its communion is organic food. Its sacraments are sex, abortion, and when all else fails, sterilization. Its saints are Al Gore and the InterGovernmental Panel on Climate Change.”
“Both professing Protestants and Roman Catholics bear a burden of guilt for the current political mess we are in with the global warming and other hysterias,” he argues. “If the church had not turned from the gospel of Jesus Christ it is unlikely the Green Dragon would have been able to so deeply sink its fangs into our lives.”
Major U.S. religious groups involved in the “climate change” campaign include the National Religious Partnership for the Environment, the Catholic Campaign on Climate Change, the Evangelical Environmental Network and the Evangelical Climate Initiative.
Dr. E. Calvin Beisner, national spokesman for the Cornwall Alliance for the Stewardship of Creation, identifies evangelical leftist Ron Sider as a key figure behind the Evangelical Environmental Network and the Evangelical Climate Initiative. “He’s been pressing for wealth redistribution for over thirty years, and the global treaty being touted to fight global warming is nothing if it isn’t an exercise in wealth redistribution,” says Beisner.
Sider, who is also founder and president of Evangelicals for Social Action, is the author of Rich Christians in an Age of Hunger.
Richard Cizik, who served for ten years as vice president for governmental affairs of the National Association of Evangelicals, was instrumental in creating the Evangelical Climate Initiative. He now serves as a fellow of the George Soros-funded Open Society Institute, where his current job is to “organize and host gatherings of evangelical faith leaders, policy-makers and academics” on climate change.
Beisner says it’s a shame that evangelicals are being asked to jump on the global warming bandwagon right when the wheels are falling off because of the ClimateGate scandal.
Wanliss identifies the National Council of Churches (NCC) as playing a major role. He says massive infusions of “green” — money, that is — for the NCC come from left-leaning philanthropies including Pew Charitable Trusts, Tides Foundation, Rockefeller Brothers Fund, Turner Foundation, W. Alton Jones Foundation, V. Kann Rasmussen Foundation, and New World Foundation.
As a result, “There has been, in past decades, a cosmic shift towards a social climate that begins to favor the environment — polar bears, trees, and bugs — over human beings.”
Another major player, the National Religious Partnership for the Environment (NRPE), “has an awesome army of organizational links and is itself something of a matryoshka, the Russian nested doll, which is never what it appears at first sight. For it is also not grassroots but launched with funding from left-leaning foundations, primarily the Pew Charitable Trust,” he says.
NRPE describes itself as “an association of independent faith groups” that includes the U.S. Conference of Catholic Bishops, the National Council of Churches, the Coalition on the Environment and Jewish Life, and the Evangelical Environmental Network.
“When it began in 1993,” Wanliss says, “NRPE had over $5 million in grants to accomplish the goal, according to executive director Paul Gorman, of utilizing churches to produce a ‘distinctly religious response to the crisis of environmental sustainability and social justice.’ The Partnership has been able to spread environmentalist propaganda and teaching aids to almost every Jewish, and to several hundred thousand Protestant congregations in America.”
Through another entity, the Au Sable Institute, Wanliss says that these forces “have infiltrated Christian higher education by careful placement of teachers and teaching materials on environmental activism in schools associated with the Council for Christian Colleges and Universities (CCCU). Many of these schools are conservative in politics or theology. What they teach there under the Au Sable banner, will surprise their supporters. Not surprisingly, the Au Sable Institute and the NRPE share a subset of the same donor pool. Little by little wolves try to douse Christian resistance and lead sheep by troubled waters to accept the inevitability of a divine environmental movement.”
The Catholic Coalition on Climate Change was launched in 2006 as a vehicle of the U.S. Conference of Catholic Bishops. This group says that “Because we are not experts on climate change and its consequences, we rely on a scientific consensus (best represented by the Intergovernmental Panel on Climate Change) to guide our activities.” Of course, it is the IPCC that is embroiled in the ClimateGate scandal.
In addition to the United States Conference of Catholic Bishops, the Catholic Coalition on Climate Change enjoys the active support of the Association of Catholic Colleges and Universities, Carmelite NGO, Catholic Charities USA; the Catholic Health Association of the United States, Catholic Relief Services, the Conference of Major Superiors of Men, the Franciscan Action Network, the Leadership Conference of Women Religious, the National Catholic Rural Life Conference, and the National Council of Catholic Women.
A related organization is the Catholic Climate Covenant, which claims that the poor are suffering because of the “carbon footprints” of people in the United States and other “rich” nations.
Wanliss says such notions are essential to the “alternative religion” of environmentalism.
He explains that, “people with money to burn can buy indulgences just like in the medieval Roman Catholic Church. In that religion priests sold indulgences to souls burdened with guilt over their sins. Even today, when Roman indulgences are not generally for sale — at least not for money — forgiveness is only assured to those who complete the required tasks that earn the indulgence. The green movement has absorbed these faux religious elements, and for each one has its own ersatz affectation. Whatever it may mean, raping the earth is not ecologically sound or morally attractive. But if you must rape Mother Earth, then be sure to visit the Green Dragon and pay a sum of money to cleanse your guilt, until next time. Forgiveness for sins is only a carbon offset away.”
“It is possible to calculate the extent of one’s sins online,” Wanliss points out. “According to TerraPass, over the past three years my weekly driving has resulted in about 5,224 pounds of CO2 a year, and for a mere $29.95 I can buy an indulgence that will offset the environmental impact of my reckless, indeed sacrilegious, lifestyle. These ‘carbon offsets’ will do as little for the salvation of the world as papal indulgences would for my soul. But for people with a desperate spiritual hunger it is a panacea and penance they are eager to embrace, and an incredible gift to give — it promises guilt free living and a purpose driven life. If only it were true. Go ahead, say the Gore-like business barons, pay the toll at our gate, and this year ‘Give the gift of green.’”
Meanwhile, America Magazine, the national Catholic weekly published by the Jesuits, is complaining that Congress did not pass legislation on greenhouse gas emissions before the current United Nations Copenhagen meeting. “The United States will thus remain the only developed nation with no established target for carbon reduction,” it says.
The magazine praises the National Religious Partnership for the Environment and the Catholic Campaign on Climate Change for being “vigorous advocates for integrating the world’s poor in a climate covenant with funding for both adapting infrastructure to meet the hardships of changing climate and for transferring green technology.”
It goes on, “If the planet is to survive, as Pope Benedict XVI concluded in Caritas in Veritate, all nations must accept binding reductions in carbon emissions and construct an equitable structure for energy consumption and for sharing the development of green technology among rich and poor nations — for the sake of this generation and generations to come.”
At the same time, he warned that “it is contrary to authentic development to view nature as something more important than the human person” and that this position “leads to attitudes of neo-paganism or a new pantheism.”
Indeed, the U.N. Environmental Program, which is now promoting a “Global Green New Deal,” has celebrated the idea of an “Environmental Sabbath,” in which children hold hands around a tree and meditate.
Wanliss notes that George Orwell’s book Animal Farm tells of the visionary pig Old Major who had a dream that soon proved disastrous: “And now, comrades, I will tell you about my dream of last night. I cannot describe that dream to you. It was a dream of the earth as it will be when Man is forgotten.”
Wanliss cautions that attempts by Church leaders and Christian organizations to synthesize a Christian environmentalism can succeed “only by exorcising truth, and ultimately, by expelling Christianity…”
But he adds, “Will it not be ironic if the Green Dragon they so adore ends up destroying them?”
http://www.worldtribune.com/worldtribune/WTARC/2009/ss_politics0954_12_10.asp
"How to Stop Cap-and-Trade
– by Rich Trzupek
Source Front Page Magazine
"The Obama administration is trying to use the threat of Environmental Protection Agency regulation of greenhouse gases under its Clean Air Act authority as a means to force Congress into passing some form of a cap-and-trade bill.
It’s a subtle strategy, and many Republicans have risen to the bait, worried about what would happen if the EPA tries to implement a so-called “command and control” system instead of a market-friendly solution. But the GOP shouldn’t be concerned. In fact, they should call the administration’s bluff.
Fox News reports that a top White House economic official warned:
“If you don’t pass this legislation, then … the EPA is going to have to regulate in this area. And it is not going to be able to regulate on a market-based way, so it’s going to have to regulate in a command-and-control way, which will probably generate even more uncertainty.”
True enough, but under the Clean Air Act, rulemaking is an exhaustive, time-consuming process. Consider what would have to happen before the EPA could regulate greenhouse gases under the Clean Air Act.
And, every step of the way, the agency would have to seek public comment, respond to public comment, hold meetings with stake holder groups, determine economic impacts and worry about legal challenges.
A relevant precedent is the Clean Air Interstate Rule that was begun under the Clinton administration. Yet, it was not implemented until this year and it still faces legal hurdles.
Neither the Clean Air Act nor the EPA’s internal processes are designed to take quick regulatory action, much less when that action involves as grand a scheme as greenhouse gas control. It is simply inconceivable that the agency could develop anything close to a final rule before the end of Obama’s term. By that time, resurgent ice-growth in the Arctic, further Climategate-type revelations, and economic realities may tip public opinion against the supposed “consensus” of today.
Not only should the GOP call Obama’s bluff on cap-and-trade, but they should up the ante. Under the Clean Air Act, the EPA is obligated to regulate major sources of air pollutants. For purposes of the operating permit program, a major source is defined as any source with the ability to emit 100 tons or more of an air pollutant per year. Since the Agency has officially declared the greenhouse gases are pollutants, this threshold should apply.
It is ridiculously easy to reach this threshold of greenhouse gas emissions. A larger household gas furnace (rated at about 160,000 Btu/hour) has the potential to emit 100 tons per year of greenhouse gas emissions, for example. Applying this threshold would bring churches, elementary schools, the corner store – literally millions of sources – into the regulatory structure. Estimates vary, but the EPA itself says the number of major sources would increase from the current inventory of 15,000 sources to over six million.
Why would a Republican support such a massive regulatory scheme — command and control regulation of six million sources? Because it can’t be done. It’s an absurd goal and, if attempted, would overload and paralyze the regulatory system. The EPA recognizes this, and has proposed a so-called “tailoring rule” to manage the problem. The tailoring rule redefines a major source, for greenhouse gases only, as any source capable of emitting 25,000 tons per year of our latest and greatest pollutant.
The tailoring rule would be a neat solution to a problem that has EPA very worried, but it’s also a solution that many attorneys don’t feel can survive a legal challenge. The Clean Air Act is quite clear in defining what a major source is, and it does not grant EPA the authority to redefine those criteria.
Even if the tailoring rule remains in place, though, the EPA would still have to deal with all of the regulatory inertia inherent to the rulemaking process under the Clean Air Act. Calling the administration’s bluff, in other words, would guarantee that no greenhouse gas regulation would be implemented under the Obama administration. And that means that American industry – particularly the small businesses who would be hit with higher energy costs under cap-and-trade – could breathe easier."
Rich Trzupek is a chemist and Principal Consultant at Mostardi Platt Environmental, an environmental consulting firm based in Oak Brook, Illinois. He specializes in air quality issues and is the author of McGraw-Hill’s Air Quality Permitting and Compliance Manual. Rich is a confirmed skeptic with regard to the theory that human activity has caused global warming"
http://frontpagemag.com/2009/12/10/how-to-stop-cap-and-trade-by-rich-trzupek/
'Welcome to Obamaville' Sign Marks Colorado Homeless Tent City
http://www.breitbart.tv/welcome-to-obamaville-sign-marks-co-homeless-tent-city/
Two excellent articles.
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"Insanity: Doing The Same Thing (Obama)
The Market Ticker
Wednesday, December 9. 2009
Posted by Karl Denninger in Macro Economics at 08:28
http://market-ticker.org/archives/1713-Insanity-Doing-The-Same-Thing-Obama.html
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My sensitivities, sharpened by years of Obama watching, take note of the following pieces of evidence, and have gone to Condition Red:
Obama’s seeming restlessness is a matter of record. Until recently he was routinely charged with throwing outworn sponsors, including his old mentor the Rev. Wright, “under the bus.” And as a Chicago politician, he used wealthy, influential backers (mainly women), discarding them as better prospects hove into view.
Just four years ago he was a backbencher in the Illinois legislature, but since then he has served a partial term in the U.S. Senate, where he spent most of his tenure campaigning for the next giant step in his upward mobility, to the Oval Office. He has never in any office run for re-election, but has instead used any current position as a boost platform for his next installation.
Observers of his presidency have been puzzled by the continuing pattern: Obama is still in campaign mode, spending a good deal of time giving major policy speeches, not only in the states, but around the globe. “What office is he running for now?” One can ask.
Tackling that question, we note that Obama is an enormously ambitious, audacious man, and – as his gritty record in Chicago politics demonstrates – an enormously competitive and at times ruthless one. Coupled with his formidable intelligence, plus the evident grandiosity revealed most blatantly in his victory speech after winning the Democratic nomination, (“This is the night when the oceans start to recede”), we glimpse a personality constellation that we have known before, notably in Alexander the Great and Napoleon Bonaparte: that of the would-be world conqueror.
If this is indeed Obama’s fantasy, then it is shared by a sizeable portion of the world’s population: a poll taken in Sept. ’09 by the BBC indicated , at that time, that a large proportion of the global sample favored Obama as world president; and my Google search of “Obama, world President,” turns up more than120, 000,000 posts.
So here is my answer to questions concerning Obama’s electoral ambitions: he aims to fill an as yet unformed position, that of World President, and – as in the past – he uses his current presidency as a launching pad toward that more grandiose goal.
Barack Hussein Obama was raised abroad, and – possibly for global electioneering purposes – he keeps his foreign name. In addition, it becomes increasingly evident that our exotic president has bought into the alien, Third-World view of the US as a dangerous bully: a prime source of pollution, a nation too powerful, and too undisciplined in the use of power, and as such a leading danger to Humanity. Thus, campaigning as the “Good American,” Obama apologizes around the world for America’s sins, he genuflects before Saudi and Chinese tyrants, he negotiates with our sworn enemies while down-grading our allies, he weakens the U.S. militarily and economically while permitting the Iranians to construct nukes, and he builds up the prestige of the heretofore discredited, America-bashing UN.
This is the Audacity of Defeat: Obama is engaged in a redistribution of power, though now on a global rather than a domestic scale. Thus, he gives away pieces of America’s prestige, in his eyes to detoxify it, and to build up the as yet unrealized world coalition that he hopes one day to lead.
As Napoleon discovered in the snows of the Russian winter, grandiose dreams of world dominion are never realized. However, those who pursue that hectic fantasy can cause terrible trouble before they are stopped. In this age of proliferating nukes, we cannot afford such dreamers. This should be the winter of Obama’s discontent."
Guess this is par in a land where up is down, good is bad, war is peace and Orwellian elitist award each other.
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"Obama defends US wars as he accepts peace prize
Dec 10, 8:14 AM (ET)
By BEN FELLER
Source My Way News
"OSLO (AP) - President Barack Obama entered the pantheon of Nobel Peace Prize winners with humble words Thursday, acknowledging his own few accomplishments while delivering a robust defense of war and promising to use the prestigious prize to "reach for the world that ought to be."
A wartime president honored for peace, Obama became the first sitting U.S. president in 90 years and the third ever to win the prize - some say prematurely. In this damp, chilly Nordic capital to pick it up, he and his wife, Michelle, whirled through a day filled with Nobel pomp and ceremony.
And yet Obama was staying here only about 24 hours and skipping the traditional second day of festivities. This miffed some in Norway but reflects a White House that sees little value in extra pictures of the president, his poll numbers dropping at home, taking an overseas victory lap while thousands of U.S. troops prepare to go off to war and millions of Americans remain jobless.
Just nine days after ordering 30,000 more U.S. troops into battle in Afghanistan, Obama delivered a Nobel acceptance speech that he saw as a treatise on war's use and prevention. He crafted much of the address himself and the scholarly remarks - at about 4,000 words - were nearly twice as long as his inaugural address.
In them, Obama refused to renounce war for his nation or under his leadership, saying defiantly that "I face the world as it is" and that he is obliged to protect and defend the United States.
"A nonviolent movement could not have halted Hitler's armies. Negotiations cannot convince al-Qaida's leaders to lay down their arms," Obama said. "To say that force is sometimes necessary is not a call to cynicism, it is a recognition of history."
The president laid out the circumstances where war is justified - in self-defense, to come to the aid of an invaded nation and on humanitarian grounds, such as when civilians are slaughtered by their own government or a civil war threatens to engulf an entire region.
"The belief that peace is desirable is rarely enough to achieve it," he said.
He also spoke bluntly of the cost of war, saying of the Afghanistan buildup he just ordered that "some will kill, some will be killed."
"No matter how justified, war promises human tragedy," he said.
He also emphasized alternatives to violence, stressing the importance of both diplomatic outreach and sanctions with teeth to confront nations such as Iran or North Korea that defy international demands to halt their nuclear programs or those such as Sudan, Congo or Burma that brutalize their citizens."
http://apnews.myway.com/article/20091210/D9CGF8EO0.html