In regards to Herman Cain and the accusations against him.
It’s this: (Via Alhouse)
I really hate to write stuff like this, because I happen to enjoy WorldNetDaily. I enjoy WorldNetDaily, because there are times, when WorldNetDaily reports things that are not carried by other Conservative and mainstream media outlets. Although, I will admit, I am not that big of a fan of Joseph Farah, as he does still beat that drum of the Obama birth certificate. Furthermore, I have had correspondence with Mr. Farah and felt his attitude displayed in his e-mail to me, to be quite unbecoming of someone who is a born-again Christian and someone who is a reader and student of the Holy Scriptures.
To think, a few years ago, people were wanting to drink his bathwater on the right, at one time.
If I were Rick Perry and I saw this; I’d sue Johnson for everything I could get out of him for this sort of a libel.
Believe or not; I think that this happens to be a very good idea.
MacDILL AIR FORCE BASE, Fla. — The Obama administration plans to bolster the American military presence in the Persian Gulf after it withdraws the remaining troops from Iraq this year, according to officials and diplomats. That repositioning could include new combat forces in Kuwait able to respond to a collapse of security in Iraq or a military confrontation with Iran.
The plans, under discussion for months, gained new urgency after President Obama’s announcement this month that the last American soldiers would be brought home from Iraq by the end of December. Ending the eight-year war was a central pledge of his presidential campaign, but American military officers and diplomats, as well as officials of several countries in the region, worry that the withdrawal could leave instability or worse in its wake.
After unsuccessfully pressing both the Obama administration and the Iraqi government to permit as many as 20,000 American troops to remain in Iraq beyond 2011, the Pentagon is now drawing up an alternative.
In addition to negotiations over maintaining a ground combat presence in Kuwait, the United States is considering sending more naval warships through international waters in the region.
With an eye on the threat of a belligerent Iran, the administration is also seeking to expand military ties with the six nations in the Gulf Cooperation Council — Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman. While the United States has close bilateral military relationships with each, the administration and the military are trying to foster a new “security architecture” for the Persian Gulf that would integrate air and naval patrols and missile defense.
The size of the standby American combat force to be based in Kuwait remains the subject of negotiations, with an answer expected in coming days. Officers at the Central Command headquarters here declined to discuss specifics of the proposals, but it was clear that successful deployment plans from past decades could be incorporated into plans for a post-Iraq footprint in the region.
In short, this will keep the Saudis happy and Iran at bay. Which will keep gas prices down and oil flowing out of that region. Obama might be a green energy guy and all, but he is no fool. He knows how far off all that technology is, so he’s covering his bases here.
Some on the right might rattle their chains about this one; I will not. I know what he is doing here, and it’s a very smart move. I commend him for it.
In a bit of a little follow up to my previous on Herman Cain.
I find it quite ironic that AllahPundit over HotAir would gripe about a leftist showing her true colors and making racist statements about Herman Cain. When his own Co-Worker Tina does the same thing, only in a more nuanced fashion.
But, then again, when AllahPundit posts Videos designed to make Herman Cain look like a buffoon, I guess one can only expect so much. I really thought AP was better than that, I guess I assumed wrong.
Sad state that blogging has become anymore; why I sometimes think about quitting blogging for good. 🙁
Once again, I feel the need to point out that members of the Tea Party never did anything like this.
Occupy Madison has temporarily been denied an extension in their protesting permit because members of the movement violated “public health and safety conditions.” The group also did not properly fill out the form.
City officials cited several specific reasons for their decision. The most notable was repeated complains from a nearby hotel, which stated that protesters were “publicly masturbating” in full view of passersby.
The city also cited health violations because the group had “no restrooms,” implying that the protesters may have been defecating in public as well.
Others: Weasel Zippers
Despite what people like this lily-white Catholic woman here say; — who seems to suffer from some sort of Trent Lott syndrome or maybe it is the fact that she really needs to go have a baby or something. It can only help her, then perhaps she will stop posting dopey stories about baby pictures — and tormenting Conservative black men who run for President — Herman Cain can win this election, if racist remnants of the Trent Lott era of the Republican, like the woman linked above, would just leave him alone. It does seem to be their M.O. as of late; discredit the token Negro, so that they can protect the ivory-white tower of Republicanism that they have been occupying for so very long.
My question is this, to all two of you, that might actually read this posting; if the Republican Party is truly the Party of Lincoln; is it not time that we, as white Conservatives, have stopped trying to prevent blacks, who might actually be able to represent that Party the way it is supposed to be represented — from actually running for office and winning? Case in point: Allen Keyes.
Having said that, here is nice video made by a new group called Americans for Herman Cain:
Therefore, please, Republicans, do the right thing here, support a man, who loves his Country and wants to make it a better place for you and me — and our Children and their Children. Donate to Herman Cain.
Corrected some grammar errors in the original posting — what I get for typing so fast. 😀
You remember the posting that I wrote about the man who was hurt at the Oakland protest? Well, it turns out, that he is a leftist and Military hater, he also happens to be a rabid antisemitic twit; sort of like Tom Boggioni. Tom Boggioni is the idiot leftist blogger, who writes under the pen name of TBogg.
By the way, Tom Boggioni lives in San Diego, California, and he also has a facebook page.
Anyhow, the reason I write this is because Tom belched forth some rather nasty stuff on his blog about Israel and about Jews; in reaction to the fact that some of us on the right brought up the fact that this guy was a leftist and a Military hater.
Check out what he said in response to what Jim Hoft wrote about the guy:
About this little display of AntiSemitism, Tom writes:
So, with that apostasy, and for those of you keeping score at home…. Scott Olsen Is A Communist Who Hates Our Way Of Life + Hitler.
So, in Tom’s rather peanut sized brain, hating Jews and Israel is perfectly fine; as long you adhere to the political philosophy of the left in this Country. This is the true face of the left; racism, antisemitism and class warfare —- remember this come 2012.
I happened to be looking at the back end of my blog just now and you would never guess what I found in the logs.
Check out what someone was looking for:
(click to make it bigger!)
I mean, I know times are tough and all; but dang. 😯
I admit it, I have been harsh on this President from the start and I take pride in knowing that I have defended the 1% in this Country; which truth be told, is a bigger percentage. One of the many reasons I have been hard on this President is this right here, as told in a story by the politico about Bill Daley, who seems to have a few problems:
So do you think, I ask, that President Obama would be satisfied saying, “We did a good job, we did good stuff,” and if he’s a one-term president, “That’s the verdict of history”?
“Nope, no, absolutely not!” Daley begins, shaking his head and then growing more outraged at the thought of a single term entering the president’s mind. “I think he’d be angry! Pissed! Unhappy! Frustrated! No, if somebody said yes to that, that would be crazy.”
But the polls stink.
“Considering the debacle that he came in with, the tough choices he’s made and how there have been few, if any breaks, he says it himself all the time,” Daley says. “He doesn’t know why he’s as high as 44 percent.”
That is supposed to be a laugh line, but, indeed, the RealClearPolitics average of leading polls currently has Obama at 44.0 percent approval and 50.7 percent disapproval.
That is due to many factors, Daley says, and he starts reeling them off: trying to stimulate the economy; trying to save the auto industry; trying to increase the debt ceiling; passing health care legislation; fighting wars in Afghanistan and Iraq; and dealing with Syria, North Korea, Egypt and Iran. To name a few.
“It’s been a brutal three years,” he says. “It’s been a very, very difficult three years, an incredible three years. And we are doing all this under the overhang of the worst financial crisis since the Great Depression. F—k! It wasn’t like all this was happening in good times.”
Firstly, for a man who is serving in a public office, this man sure does have a very potty mouth. I mean, I know I have done the same thing here in the past and believe when I tell you, I regret that highly. However, it is one thing to be a lowly blogger as myself, but it is another to be one of the officers of the highest public office in the land and be using such vulgarity as this. It is unbecoming of the office and if I were the President, I would ask this man to resign and hire someone with a bit more respect for the office in which he serves.
Secondly and much more importantly, the man simply does not grasp the idea that the President’s economic policies have simply failed. The President’s energy polices have failed, the President’s leadership ability is that of a freshmen in college; the man simply cannot lead. Not to mention the Grand Canyon worth of political scandals that seems to be oozing from every corner of that White House. You would think that someone as intelligent as someone who is an advisor to the President would know this. Which leads me to my next question; have we set the bar this low in politics now? That someone who this close to the President of the United States is this inherently ignorant that he is so oblivious to the absolute failures of this administration?
If this is the case, I fear for the future of our Country.
Turns out he’s quite the leftist and Military hater:
Scott Olsen is the Marine Corps veteran critically injured at Occupy Oakland Tuesday night, during a confrontation between the protesters and the police. The latest news is good: his condition has been upgraded from critical to fair and he is apparently conscious and able to respond to doctors and family members. I sincerely wish him a full recovery, and I also hope that a proper investigation is conducted to determine whether police misconduct is responsible for his injuries.
But I ran across something this evening that may add a new dimension to this story. It has been widely reported that Olsen is a member of Iraq Veterans Against the War. But apparently his opposition to the U.S. military and the Marine Corps in which he served runs a little deeper.
The site is no longer live, but Olsen was the founder of IHateTheMarineCorps.com, a private user forum apparently dedicated to bashing the Marine Corps.
Go read the rest of that, it is quite interesting.
Ron Paul knew it, I knew it, and every Conservative and Libertarian Blogger knew it.
The U.S. dollar’s thrashing on Thursday after a last-minute European deal to contain the debt crisis may have sealed the currency’s fate.
And it is all downhill from here.
The European agreement, which involves a 50 percent write-down of Greek debt and boosting the euro zone’s bailout fund to as much as 1 trillion euros, has averted a collapse in Europe and spurred a rush to risky currencies and assets once again at the expense of the dollar.
Add in to the mix: a suddenly revitalized U.S. economy that a few weeks ago was teetering on the verge of recession and had fueled speculation about another round of quantitative easing. Almost overnight it leaves a whole new global outlook that appears a little more encouraging.
This is what happens when the Federal Reserve prints money for Countries to bail out their debt crises. Ron Paul has said this for years and he is right —- about that anyway. This in turn devalues our currency and causes the prices of everything to go up. This also causes everyone to run to go Gold, which drives the prices through the roof, causing a bubble. The problem is, when the inflation goes back down, and Gold collapses, people lose money — unless of course, they have other investments to transfer that wealthy into, so they do not lose their money. If we could at least get control of the fed, this sort of stuff would not happen.
Another thing too, this right here ought to be the prime example of why Keynesian Economics does not work at all. Taxing and spending a way out of recession is just not the way to do it. Printing money out of thin air does not solve the problem; it only makes that problem worse. It does that by devaluing the currency that is being mass printed. I know, I am repeating myself; this is why I do not talk about the sort of stuff often, which is because I detest repeating myself repeatedly. I figure my little blog is not going to stop the world from plunging into madness, so why bother.
This comes via the Lady herself:
For those of you who do not like the idea of posting what Pamela has to say; I have two things to say —- first, as Herman Cain would say, “I does not care.” Also, I would say to those who would have a problem with me posting this video, I would politely ask you to go see Helen Waite and ask for directions.
God Bless America.
Money, Credit and the Federal Reserve Banking System
Conquer the Crash, Chapter 10
By Robert Prechter
How the Federal Reserve Has Encouraged the Growth of Credit
Congress authorized the Fed not only to create money for the government but also to “smooth out” the economy by manipulating credit (which also happens to be a re-election tool for incumbents). Politics being what they are, this manipulation has been almost exclusively in the direction of making credit easy to obtain. The Fed used to make more credit available to the banking system by monetizing federal debt, that is, by creating money. Under the structure of our “fractional reserve” system, banks were authorized to employ that new money as “reserves” against which they could make new loans. Thus, new money meant new credit.
It meant a lot of new credit because banks were allowed by regulation to lend out 90 percent of their deposits, which meant that banks had to keep 10 percent of deposits on hand (“in reserve”) to cover withdrawals. When the Fed increased a bank’s reserves, that bank could lend 90 percent of those new dollars. Those dollars, in turn, would make their way to other banks as new deposits. Those other banks could lend 90 percent of those deposits, and so on. The expansion of reserves and deposits throughout the banking system this way is called the “multiplier effect.” This process expanded the supply of credit well beyond the supply of money.
Because of competition from money market funds, banks began using fancy financial manipulation to get around reserve requirements. In the early 1990s, the Federal Reserve Board under Chairman Alan Greenspan took a controversial step and removed banks’ reserve requirements almost entirely. To do so, it first lowered to zero the reserve requirement on all accounts other than checking accounts. Then it let banks pretend that they have almost no checking account balances by allowing them to “sweep” those deposits into various savings accounts and money market funds at the end of each business day. Magically, when monitors check the banks’ balances at night, they find the value of checking accounts artificially understated by hundreds of billions of dollars. The net result is that banks today conveniently meet their nominally required reserves (currently about $45b.) with the cash in their vaults that they need to hold for everyday transactions anyway. [1st edition of Prechter’s Conquer the Crash was published in 2002 — Ed.]
By this change in regulation, the Fed essentially removed itself from the businesses of requiring banks to hold reserves and of manipulating the level of those reserves. This move took place during a recession and while S&P earnings per share were undergoing their biggest drop since the 1940s. The temporary cure for that economic contraction was the ultimate in “easy money.”
We still have a fractional reserve system on the books, but we do not have one in actuality. Now banks can lend out virtually all of their deposits. In fact, they can lend out more than all of their deposits, because banks’ parent companies can issue stock, bonds, commercial paper or any financial instrument and lend the proceeds to their subsidiary banks, upon which assets the banks can make new loans. In other words, to a limited degree, banks can arrange to create their own new money for lending purposes.
Today, U.S. banks have extended 25 percent more total credit than they have in total deposits ($5.4 trillion vs. $4.3 trillion). Since all banks do not engage in this practice, others must be quite aggressive at it. For more on this theme, see Chapter 19 [of Conquer the Crash].
Recall that when banks lend money, it gets deposited in other banks, which can lend it out again. Without a reserve requirement, the multiplier effect is no longer restricted to ten times deposits; it is virtually unlimited. Every new dollar deposited can be lent over and over throughout the system: A deposit becomes a loan becomes a deposit becomes a loan, and so on.
As you can see, the fiat money system has encouraged inflation via both money creation and the expansion of credit. This dual growth has been the monetary engine of the historic uptrend of stock prices in wave (V) from 1932. The stupendous growth in bank credit since 1975 (see graphs in Chapter 11 [of Conquer the Crash]) has provided the monetary fuel for its final advance, wave V. The effective elimination of reserve requirements a decade ago extended that trend to one of historic proportion.
The Net Effect of Monetization
Although the Fed has almost wholly withdrawn from the role of holding book-entry reserves for banks, it has not retired its holdings of Treasury bonds. Because the Fed is legally bound to back its notes (greenback currency) with government securities, today almost all of the Fed’s Treasury bond assets are held as reserves against a nearly equal dollar value of Federal Reserve notes in circulation around the world. Thus, the net result of the Fed’s 89 years of money inflating is that the Fed has turned $600 billion worth of U.S. Treasury and foreign obligations into Federal Reserve notes.
Today the Fed’s production of currency is passive, in response to orders from domestic and foreign banks, which in turn respond to demand from the public. Under current policy, banks must pay for that currency with any remaining reserve balances. If they don’t have any, they borrow to cover the cost and pay back that loan as they collect interest on their own loans. Thus, as things stand, the Fed no longer considers itself in the business of “printing money” for the government. Rather, it facilitates the expansion of credit to satisfy the lending policies of government and banks.
If banks and the Treasury were to become strapped for cash in a monetary crisis, policies could change. The unencumbered production of banknotes could become deliberate Fed or government policy, as we have seen happen in other countries throughout history. At this point, there is no indication that the Fed has entertained any such policy. Nevertheless, Chapters 13 and 22 [of Conquer the Crash] address this possibility.
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Representing more than 10 years of research by financial analyst Robert Prechter, this free report goes beyond Federal Reserve history and it’s government mandate and digs into the Fed’s real motivations for being the United States’ “lender of last resort.”
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I decided to drop that previous theme that I was running. The theme had some functional issues that I did not like, so I got rid of it and went back to a theme that I used before. Hopefully, all of the bugs are fixed with this theme.
Another thing, when I switched to this theme, my server started bogging down, I thought it was the new theme; it wasn’t. It was another costumer of my hosting provider, who was bogging the server. So, I brought back this theme.
Whew, long day of fiddling around with this silly thing. I’ll fix all the small stuff tomorrow.
This is a posting, which I have been meaning to write for a very long time; I just needed the right moment and the excuse to write it. As I wrote here earlier this week, President Barack Obama announced that American Military forces would be leaving the Country of Iraq at the end of 2011; which would essentially end the Country’s Military presence in the Nation of Iraq.