Video: The Reality Report: The Police State Knows No Limits

I post this, with the usual disclaimer: The opinions expressed in this video are not necessarily those of the owner of this Blog.

This blog does not advocate any sort of violence towards anyone in Government at all. We have a system of redress of grievances in this Country. It is called the ballot box.

However, there are some legitimate points and stories that are included in this report; which is why I post them.

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Synopsis:

This week we bring big brother to the spot light. Hillary’s security muffling protest and remote controlled birds are spying on us, people losing their cars to corrupt city laws. Fox admits to their "screw up" with egg on their face after Ron Paul pulls in over 700,000 dollars to his cause and another Paul gets drafted for the Senate. Libya is figures it's time for a change as they start their own anti government riots. Oathkeeper Stuwart Rhodes sits down with Sheriff Mack to discuss a possible 2012 Senate bid. Federal spending bill is doomed to failed after Obama promises to veto. Hold tight, it’s the Reality Report!

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Special Comment: Birthers, Birchers and Paleoconservatives are Americans too

It appears to me that there seems to be a problem in the Conservative movement; and that is an attempt by the Republican and Conservative establishment, to silence those with whom they disagree or dislike.  Earlier this week, on my personal Blog, I posted two videos; one of RINO, Neo-Conservative princess Sarah Palin, saying that the “Birther” issue was a distraction to the Conservative and Tea Party movement and another of Karl Rove; who conversely was the brains behind Neo-Conservative George W. Bush’s Presidency.  A Presidency that included the invasion and occupation of the sovereign Nation of Iraq —-which we now know was based upon a lie.  Karl Rove in this video suggested that the Birther movement should be excommunicated from the Republican Party and from the Conservative movement entirely, like the John Birch Society was from the Republican Party and the Conservative movement was by that pied piper of the establishment; William F. Buckley.

I have read quite a bit about that so-called excommunication, and in all reality it was an unfair branding of the John Birch Society as being a racist and anti-Semitic organization.  This was performed by Neo-Conservatives, which were and still are, former Democrats who seem to be in love with idea of a big Government — as long as they are the people controlling it.  Furthermore, Neo-Conservatives claim, falsely of course; to be for the constitution — all the while declaring war against countries and other actions that fly in the face of the very principles that the document itself was founded upon.  They do this, all the while, defending a Country and people, who look upon the people of Christian America as nothing more than a group of idiots, of good use.  Yes, Neo-Conservatives, I am referring to your pet project —- Israel.  All of this, in the name of “Defending America” or as it should be called, “defending the empire.”

If any of this sounds even vaguely familiar — it is because Soviet Russia and Nazi Germany or for you history buffs — Rome — minus Israel, of course; did the same very things and eventually were destroyed or simply went broke and failed.

You see, I happen to believe that those who have doubts about President Barack Obama’s place of origin or birthplace; or “Birthers” as they are called by those who wish to degrade them, members of the John Birch Society, we Paleoconservatives and our cousins;  Libertarians — are Americans too. I believe that anyone who tries to silence any sort of political thought, belief, or conviction — of any sort — is doing what was done to those who dared to challenge the actions of Adolf Hitler and the Communist leadership in the former Soviet Union.  Yes, that does include those, of whom I disagree with.  It is called thought policing and it goes against the very tenets of our United States Constitution and the very ideals that surrounded our leaving of England to find a land, where we as a people could be free to worship God in the way that we pleased — without fear of persecution.  This is what caused Senator Joseph McCarthy to lose support from his fellow Republicans.

Whenever you seek to control those with whom you disagree, you run the danger of becoming like the liberal left in this Country.  This is why I have such an issue with the Neo-Conservative wing of the Republican Party.  It is because of the mentality of “We are always right in what we believe and if anyone disagrees with our way of thinking and Governing; then that person is not a real Conservative.” Furthermore, they will try to suppress those, of whom they disagree; that my friend is a tactic right out of the Saul Alinsky playbook.  This is to isolate, suppress and even mock and ridicule those who are in opposition to what these people believe.  Hence, the reason Neo-Conservatives are even called by that name, it is not a slanderous term that is related to a particular ethnic or Religious group, it is a name given to bunch of people, who bolted from the socialist party and joined the right — and brought their tactics with them.

Now, I feel that I should be clear; I do not have any problem believing that President Barack Obama is a citizen of the United States of America.  However, I believe that President Barack Obama, like every other President; should release his original long form birth certificate.  Now does that make me a crazy person?  I think not.  Furthermore, I believe that John Birch Society is a great American institution of liberty and I happen to agree with the majority of what they believe in, if not all of it — Now does that make me a crazy person or even a racist or anti-Semite —  of course not.  I also happen to believe that Pat Buchanan and Representative Ron Paul are both exemplary Americans, who happen to love their Country and do not wish to see it become another third world Nation lost to the wiles of Socialism and Globalism.  Now, does that make me some sort of a racist, Anti-Semite terrorist?  I think not.

Now, do I believe that Ron Paul can be elected President of the United States?  As much as I would like to believe that he could be elected; I cannot.  Neo-Conservatives control a good part of the Republican Party, and between them and the Neo-Liberal left in this Country; which control a good part of the media — except for Fox News that is Neo-Conservative and not Ron Paul friendly at all, I just do not believe that Ron Paul would be able to overcome such odds.  You do not believe that the Neo-Conservatives would give up that cottage industry that easily, do you.  Oh please, just look what they did to Pat Buchanan when he tried to break into that little clique in the Republican Party — much of the same thing as did happen to Ron Paul —- False accusations of racism and Anti-Semitism.

As long as there is empire to defend, Countries to be invaded for oil and pseudo-states to support the Neo-Conservatives will never surrender control of the Republican Party.  Furthermore, as long as there is a stranglehold on the mainstream media by the neo-liberal left in this Country someone like Ron Paul does not have a chance in Hades to be elected President of the United States of America.  As long as lying Neo-Conservatives like Karl Rove, Sarah Palin and Newt Gingrich are around, the chances of Paleoconservatives like Pat Buchanan or libertarian Conservatives like Ron Paul do not stand a chance of ever being elected.

In closing, America is a great Country; it is just being held hostage, so to speak — by some very powerful and evil people, as is the Republican Party.

Also Published at USA Sentinel

Here is a another good reason why you do not spend yourself out of a recession

This is crazy, but it is liberals in action….

Via the Washington Post Business Section:

Interest payments on the national debt will quadruple in the next decade and every man, woman and child in the United States will be paying more than $2,500 a year to cover for the nation’s past profligacy, according to figures in President Obama’s new budget plan.

Starting in 2014, net interest payments will surpass the amount spent on education, transportation, energy and all other discretionary programs outside defense. In 2018, they will outstrip Medicare spending. Only the amounts spent on defense and Social Security would remain bigger under the president’s plan.

The soaring bill for interest payments is one of the biggest obstacles to balancing the federal budget, pushing the White House and Congress to come up with cuts deeper than previously imagined. Unlike with discretionary spending or even entitlement programs, the line item for interest payments cannot be altered except through other budget cuts.

The phenomenon is a bit like running up the down escalator. Without interest payments, the president’s plan would balance the budget by 2017. But net interest payments that year are expected to reach $627 billion, up from $207 billion in the current fiscal year.

“This goes to the heart of why we have to address our fiscal problems,” said Mark Zandi, co-founder and chief economist at Moody’s Economy.com. “If we don’t, we’re going to get swamped by our interest payments.”

Here is the part that worries me:

As bad as the outlook is in the Obama budget proposal for fiscal year 2012, it could get worse. So far, interest payments have been relatively low because of the willingness of global investors to lend the U.S. government money at abnormally low interest rates. But that could change.

“The scary scenario – which I am not predicting but is a real possibility – is an incident of capital flight, where investors lose confidence in the U.S., causing interest rates to rise precipitously and pushing the budget deficit even further into the red,” said N. Gregory Mankiw, a Harvard economics professor and former chairman of President George W. Bush’s Council of Economic Advisers.

The Obama budget’s assumptions include a substantial increase in rates. It predicts that the interest rate on 10-year Treasury notes will climb from 3 percent this year to 3.6 percent next year. It forecasts rates of 5 percent by 2015 and 5.3 percent at the end of the decade.

Short-term rates will rise even more sharply, from nearly zero now to 4 percent by 2015 in the Office of Management and Budget assumptions.

Rogoff calls the administration’s forecast “reasonable,” but he warns that the actual number is hard to know with any certainty.

“The basic issue is that when you hold a lot of debt you’re vulnerable to shifts in sentiment and sharp rises in the interest rates,” Rogoff said.

He said that combined federal, state and municipal debt in the United States is at a record high, beyond the famous post-World War II levels. Unlike interest payments made then, however, a huge portion of interest payments are flowing to investors in other countries, draining funds out of the U.S. economy. (There are other interest payments made to the Social Security fund, but because they shift money from one pocket of the government to another, they are not counted in the net interest numbers.)

Some positive developments could ease the interest payment crisis, including faster-than-expected economic recovery, higher-than-expected tax receipts and lower-than-expected government borrowing rates.

Ultimately, Rogoff said, the federal government should aim to reduce the amount of debt as a percentage of GDP. But for now, the U.S. government is still borrowing just to meet the interest payments on earlier borrowing.

“We are in a self-reinforcing, vicious cycle,” Zandi said

I am not trying to scare anyone at all; but no matter how you slice this, it does not look good for America in the next coming years. This is why; and I know I have said this on this blog a million times; well, a million and one now. This is why you do NOT spend yourself out of a recession. Keynesian economics just does not work. The only reason it ever even remotely appeared to work, was because of World War 2 and all of the industry that surrounded that era. In fact, some of the things that Roosevelt did, were overturned by the supreme court and after that, and only after that the did the economy begin to grow.

This is not to say that this is all President Obama’s fault. There was spending under Bush; just not quite as much. Here are some charts for you to look at:

Spending under Bush and Obama

But many Liberal Democrats will say, “What about the Iraqi war?”  I simply say to them, “what about it?”

See this graph:

Spending with and without the war, under Bush.

The truth is that the total cost of the eight-year war was less than the stimulus bill passed by the Democratic-led Congress in 2009, a fact confirmed by FOX News:

As President Obama prepares to tie a bow on U.S. combat operations in Iraq, Congressional Budget Office numbers show that the total cost of the eight-year war was less than the stimulus bill passed by the Democratic-led Congress in 2009.

According to CBO numbers in its Budget and Economic Outlook published this month, the cost of Operation Iraqi Freedom was $709 billion for military and related activities, including training of Iraqi forces and diplomatic operations.

The projected cost of the stimulus, which passed in February 2009, and is expected to have a shelf life of two years, was $862 billion.

The U.S. deficit for fiscal year 2010 is expected to be $1.3 trillion, according to CBO. That compares to a 2007 deficit of $160.7 billion and a 2008 deficit of $458.6 billion, according to data provided by the U.S. Office of Management and Budget.

My friends, this is why you do not spend your way out of a recession. This is what happens. America has lived well beyond its means for much too long. We must act, and we must act quickly. Before it is too late. So far, Republicans have NOT shown any backbone.  2012 is coming, it will be time to vote the rest of them out. Speaker Bonher; yes, I am talking about you! You piece of Neo-Conservative excrement! 😡

There is another thing that most up on Capital Hill are not discussing; and that is cutting Military spending. We need to end the war in Iraq NOW! They have their Country now, we defeated the insurgency.  We need to get out there ASAP! As for Afghanistan, who knows about that anymore, that is another Neo-Conservative boondoggle that the Democrats are trying to continue; good luck with that — Osama Bin Ladin is in Pakistan and that Country is not too keen on us being there. Again, I say — Good luck with that!

Not only this, but we have way too many of our Military stationed around the world. Why tell those people, either you pay us to be here or we are going home? It makes no sense, this is where Ron Paul has a point.

Video: The Reality Report: Taking the Neo-Conservatives to the mat!

In this space, before I post this video; I usually post a disclaimer, because usually, I do not agree with some of the content and ideas presented in this Video report.  However, this week, I am going to forgo the disclaimer. Because a good ninety percent of what is presented here, I absolutely agree with and besides, nothing gives me more joy, than to watch freedom-loving Americans making Neo-Conservative fascists look like the damn fools that they are. Yes, it warms the cackles of my stone cold heart to see those who wish to sell our freedoms out to the altar of “Security” made to look like buffoons.

Very well done gents, very, very, well done. 😀

Having said all that —- here is the synopsis and Video….

Synopsis: In this special CPAC expanded edition of the Reality Report, we go face to face with Donald Rumsfeld, Dick Cheney and Newt Gingrich and present the highlights (and lowlights)! ; Gary Franchi runs into former Saturday Night Live star, Victoria Jackson, and interviews CPAC Chair David Keene about the Defender of the Constitution Award. Gary also meets with Jesse Benton, Ron Paul’s Communications Director, to give you the inside scoop on the Ron Paul 2012 Presidential campaign. Jeff Frazee from Young Americans for Liberty joins the show to tell us how he got turned on to Ron Paul’s message. We meet with Congresswoman Nan Hayworth from New York’s 19th district to ask her about her vote for the Patriot Act. We also ask Ron Paul supporters what it is about his message that inspires them. We also take you to the Jordan Page after party for the release of his new album titled “Liberty”. Angie returns to deliver the headlines with a special report on the Young Americans for Freedom and Truth Squad.TV’s confrontation. We’ll read your email, review last week’s poll results and brand a new enemy of the state.

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Wow: The New York Times proves that Glenn Beck and Ron Paul are not crazy

It is not everyday that the paper of record comes out and basically vindicates Ron Paul and Glenn Beck. But it has happened.

This a bit of a follow up to a previous blog posting that I wrote earlier; it turns out, that not only are clothes going up, but everything is going up. 😮

From the “Business Day” section of the New York Times:

A package of Oscar Mayer cold cuts. A pair of Nine West boots. A Whirlpool washing machine.

By the fall, people will most likely be paying more for each of them, as rising prices hit most consumer goods, say retailers, food companies and manufacturers of consumer products.

Cotton prices are near their highest level in more than a decade, after adjusting for inflation, and leather and polyester costs are jumping as well. Copper recently hit its highest level in about 40 years, and iron ore, used for steel, is fetching extremely high prices. Prices for corn, sugar, wheat, beef, pork and coffee are soaring. Labor overseas is becoming more expensive, meanwhile, and so are the utility bills to keep a factory running.

“There are cost pressures from virtually everywhere,” said Wesley R. Card, the chief executive of the Jones Group, whose brands include Nine West and Anne Klein. After trying to keep retail prices flat or even lower during the recession, Jones says prices for its brands will climb 15 to 20 percent by autumn.

When commodity prices started to rise last summer, many manufacturers and retailers absorbed the costs, worried that shoppers would not pay higher prices during the competitive holiday season or while the economy was still fragile.

Many big companies, including Kraft, Polo Ralph Lauren and Hanes, say they cannot hold off any longer and must raise prices to protect some profits.

Whether shoppers will pay is unclear. “Consumers are not exactly in the frame of mind or economic circumstances to say ‘Oh, pay whatever they ask,’ ” said Joshua Shapiro, chief United States economist at MFR Inc. “There’s going to be pushback.”

As to why this is all happening? Buried, oh so very far down into the story, there’s this:

Economists say the increases may eventually show up as inflation, though they are not yet projecting rates that would set off alarms. Despite some fears, inflation has been extremely low, at a rate of just 1.4 percent annually in December. Data for January will be released Thursday, but economists expect inflation will run about 2.5 percent this year.

Some do see the creeping signs of higher inflation, and warn that the Federal Reserve will need to raise interest rates or at least stop pumping more money into the economy. Others argue that such moves would choke off economic growth sorely needed to get companies hiring again.

For consumers, higher prices in stores means there will be a little less extra cash to spend. For companies, profits may be squeezed, making them a little less likely to invest in equipment or to hire aggressively.

“Despite some fears?” Wow. That is about the biggest amount of liberal spin that I have ever seen, I am reminded of this cartoon; where the man is surrounded by a barbed wire fence and he’s say, “we must rise up against this tyranny” or something to that effect and a hand comes down and slaps a record player on his head and it’s repeating, “Everything is fine….Everything is fine…” over and over.

I suggest you go read that entire article and if you happen to watch Glenn Beck’s show; think of everything he has said in the past in regards to the Economy, the bailouts and inflation. Think also of what Ron Paul has said here for the last 30 years about what our Government has done to explode our economy. Turns out, maybe, just maybe; that Ron Paul is not not so crazy after all.

Oh Great: Cost of clothing going up

We were warned that this sort of a thing was going to happen, Glenn Beck said it long ago…:

NEW YORK — Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs. Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession.

But as the world economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to pare costs.

Cotton has more than doubled in price over the last year, hitting all-time highs. The price of synthetic fabrics has jumped roughly 50% as demand for alternatives and blends has risen.

Clothing prices are expected to rise about 10% in coming months, with the biggest increases coming in the second half of the year, said Burt Flickinger III, president of Strategic Resource Group.

via Cost of clothing going up | Detroit Free Press | freep.com.

I think now would be a good time to go out and get a few good pairs of pants and a few shirts. There’s nothing wrong with stocking up on needed stuff.

This is just the beginning. Wait till food prices skyrocket.

You can thank your feckless Government for this.

Quotes of the Day

“The United States is in a time of economic crisis, but this is no excuse to abandon the principles that have built this great country and spread its ideals to the darkest recesses of the planet. The United States is the world’s leader–a beacon of light for the wretched and the oppressed. God has blessed the United States with liberty and the strength and heart to spread that liberty to all of his children. Rep. Paul has abandoned this mission, abandoned the United States’ citizens, and abandoned the citizens of the world in their quest for their God-given natural rights.”

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Lew, is it a mere coincidence that the very weekend that Ron Paul overwhelmingly wins the CPAC presidential straw poll with the vigorous and strong support from young people dedicated to individual liberty, the rule of law, and a non-interventionist foreign policy, that YAF would expel him from their advisory board? Murray Rothbard had this Ancient Order of Buckleyite Neocons pegged decades ago.

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This open letter is addressed to the libertarians attending the YAF national convention in St. Louis this Labor Day weekend. Notice I said the 1ibertarians in YAF; I have nothing to say to the so-called “traditionalists” (a misnomer, by the way, for we libertarians have our traditions too, and they are glorious ones. It all depends on which traditions: the libertarian ones of Paine and Price, of Cobden and Thoreau, or the authoritarian ones of Torquemada and Burke and Metternich.) Let us leave the authoritarians to their Edmund Burkes and their Crowns of St. Something-or-other. We have more serious matters to discuss.

In the famous words of Jimmy Durante: “Have ya ever had the feelin’ that ya wanted to go, and yet ya had the feelin’ that ya wanted to stay?” This letter is a plea that you use the occasion of the public forum of the YAF convention to go, to split, to leave the conservative movement where it belongs: in the hands of the St. Something-or-others, and where it is going to stay regardless of what action you take. Leave the house of your false friends, for they are your enemies.

For years you have taken your political advice and much of your line from assorted “exes”: ex-Communists, ex-Trots, ex-Maoists, ex-fellow-travellers. I have never been any of these. I grew up a right-winger, and became more intensely a libertarian rightist as I grew older. How come I am an exile from the Right-wing, while the conservative movement is being run by a gaggle of ex-Communists and monarchists? What kind of a conservative movement is this? This kind: one that you have no business being in. I got out of the Right-wing not because I ceased believing in liberty, but because being a libertarian above all, I came to see that the Right-wing specialized in cloaking its authoritarian and neo-fascist policies in the honeyed words of libertarian rhetoric. They need you for their libertarian cover; stop providing it for them!

You can see for yourselves that you have nothing in common with the frank theocrats, the worshippers of monarchy, the hawkers after a New Inquisition, the Bozells and the Wilhelmsens. Yet you continue in harness with them. Why? Because of the siren songs of the so-called “fusionists” – the Meyers and Buckleys and Evanses – who claim to be integrating and synthesizing the best of “tradition” and liberty. And even if you don’t quite believe in the synthesis, the existence of these “centrists” as the leaders of the Right gives you the false sense of security that you can join a united front under their aegis. It is for that very reason that the fusionists, those misleaders, are the most dangerous of all – much more so than the frank and open worshippers of the Crown of St. Wenceslas.

For note what the fusionists are saying behind their seemingly libertarian rhetoric. The only liberty they are willing to grant is a liberty within “tradition,” within “order,” in other words a weak and puny false imitation of liberty within a framework dictated by the State apparatus. Let us consider the typically YAFite-fusionist position on various critical issues. Surely, you might say, the fusionists are in favor of a free-market economy. But are they indeed? The fusionists, for example, favor the outlawry of marijuana and other drugs – after some hemming and hawing, of course, and much hogwash about “community responsibility,” values and the ontological order – but outlawry just the same. Every time some kid is busted for pot-smoking you can pin much of the responsibility on the Conservative Movement and its fusionist-Buckleyite misleaders.

So what kind of a free market position is one that favors the outlawry of marijuana? Where is the private property right to grow, purchase, exchange, and use? Alright, so you know the Right-wing is very bad on questions of compulsory morality. But what about the hundreds of billions of dollars siphoned off from the producers and taxpayers to build up the power of the State’s overkill military machine?

And what of the state monopoly military-industrial complex that the system has spawned? What kind of a free market is that? Recently, National Review emitted its typical patrician scorn against leftist carpers who dared to criticize the space moondoggle. $24 billion of taxpayers’ money of precious resources that could have been used on earth, have been poured into the purely and totally collectivistic moondoggle program. And now our Conservative Hero, Vice-President Agnew, wants us to proceed on to Mars, at Lord knows what multiple of the cost. This is a free-market? Poor Bastiat and Cobden must be turning over in their graves!

What has YAF, in its action programs, ever done on behalf of the free market? Its only action related to the free market has been to oppose it, to call for embargoes on Polish hams and other products from Eastern Europe. What kind of a free-market program is that?

YAF, the fusionists, and the Right-wing generally, have led the parade, in happy tandem with their supposed enemies the liberals, in supporting the Cold War and various hot wars against Communist movements abroad. This global crusading against the heathen is a total reversal of the Old “isolationist” Right-wing of my youth, the Right-wing that scorned foreign intervention and “globaloney,” and attacked these adventures as statist imperialism while the Nation and the New Republic and other liberals were berating these Rightists as tools of the Kremlin.

But now your Right-wing leaders embrace every socialist, every leftist with a 100% ADA voting record, every Sidney Hook and Paul Douglas and Thomas Dodd, just so long as they stand ready to incinerate the world rather than suffer one Communist to live. What kind of a libertarian policy, what kind even of “fusionist” policy is it that justifies the slaughter of tens of thousands of American soldiers, of hundreds of thousands of Vietnamese peasants, for the sake of bringing Christianity to the heathen by sword and brimstone? I can understand why the authoritarians applaud all this, they who would like nothing more than the return of Cotton Mather or Torquemada. But what are you doing supporting them?

Surely every libertarian supports civil liberties, the corollary and complement of private property rights and the free-market economy. Where does the Right-wing stand on civil liberties? You know all too well. Communists, of course, have to be slaughtered or rounded up in detention camps. Being “agents of the Devil,” they are no longer human and therefore have no rights. Is that it?

But it is not only on the Communist question where the conservatives are despots; don’t think this is just one flaw in their armor. For in recent years, American politics has instructively begun to focus on very crucial issues – on the nature of the State and on State coercion itself. Thus, the cops. The cops, with their monopoly of coercion and their overwhelming superiority of arms, tend to brutalize, club, and torture confessions from people who are either innocent or have not been proven guilty. What has been the attitude of the Right-wing, and your fusionist leaders, toward this systematic brutality, or toward the libertarian decisions of the Warren Court that have put up protections for the individual rights of the accused? You know very well. They hate the Warren Court almost as much as they do Reds, for “coddling criminals,” and the cry goes up everywhere for all power to the police. What can be more profoundly statist, despotic, and anti-libertarian than that?

When Mayor Daley’s cops clubbed and gassed their way through Chicago last year against unarmed demonstrators, the only libertarian reaction was to revile Daley and the cops and to support the rights of the demonstrators. But your fusionist leaders loved and applauded Daley, with his “manly will to govern,” and the brutality unleashed by his cop goons. And take the massacre at People’s Park at Berkeley this year, when one unarmed bystander was killed, and hundreds wounded, and thousands gassed by the armed constabulary for the crime of trying to remain in a park which they had built with their own hands on a state-owned muddy lot. Yet your “fusionists” denounced People’s Park and hailed Reagan and the cops.

And then there is the draft – that obnoxious system of slavery and forced murder. There is nothing anyone even remotely calling himself a libertarian can say about the draft except that it is slavery and that it must be combatted. And yet how namby-pamby YAF has been on the draft, how ambiguous and tangled the fusionist leaders become when they approach the subject? Even those who reject the draft do so only apologetically, and only on the grounds that we could have a more efficient army if it were volunteer. But the real issue is moral. The issue is not to build up a more efficient group of hired killers for the U. S. government; the issue is to oppose slavery as an absolute moral evil. And this no fusionist or Rightist has even considered doing. And even those who reject the draft as inefficient love the army itself, with its hierarchical despotism, its aggressive violence, its unthinking obedience. What sort of “libertarians” are these?

And what of the nation’s educational system in which so many of you have been enmeshed? For years, I heard your fusionist leaders condemn in toto, the American educational system as coercive and statist, and, when in their cups and heedless of their political status, even call for abolition of the public school system. Fine! So what happens when, in the last few years, we have seen a dedicated and determined movement to smash this system – to return control to the parents, as in Ocean Hill-Brownsville in Brooklyn, and take it from the entrenched educationists – or, as with SDS and the colleges, to overthrow the educational rule of the government and the military-industrial complex?

Shouldn’t the fusionists have hailed and come to the support of these educational opposition movements? But instead, they have called on the cops to suppress them.

Here is surely an acid test of the fusionists’ alleged love of liberty. Liberty goes by the board as soon as their precious “order” is threatened, and “order” means, simply, State dictation and State-controlled property. Is that what libertarians are to end up doing – fronting for despots and apologists for “law ’n’ order”? Our stand should be on the other side – with the people, with the citizenry, and against the State and its hired goon squads. And yet YAF’s central theme this year is its boasting about inventing tactics to call in the judges, call in the cops, to suppress SDS opposition – opposition to what? To the State’s gigantic factory for brainwashing? What are you doing on the barricades defending the State’s indoctrination centers?

It’s pretty clear, or should be by now, what they’re doing there, the fusionists. They’re right where they belong, doing their job – the job of apologists for the State using libertarian rhetoric as their cloak. And since, in recent years, they have snuggled close to Power, these apologetics have become more and more blatant. Fifteen, twenty years ago, the “libertarian-conservatives” used to hail Thoreau and the idea of civil disobedience against unjust laws. But now, now that civil disobedience has become an actual living movement, Thoreau is only heard on the New Left, while the Right, even the “libertarian” or fusionist Right, talk only of law-n-order, suppression and the bayonet, defense of State power by any and all means necessary.

You don’t belong with these deceivers on the political make. I plead with you to leave YAF now, for you should know by now that there is no hope of your ever capturing it. It is as dictatorial, as oligarchic, as close to fascism in structure as is so much of the content of YAF’s program.

There is no way that you can overthrow the Jones-Teague clique, for this clique is entrenched in power. And behind this clique lie the fusionist gurus: the Buckleys, and Rushers, and Meyers. And behind them lie the real power in YAF – the moneybags, the wealthy business men who finance and therefore run the organization, the same moneybags who reacted hard a few years ago when some of your leaders decided to take a strong stand against the draft.

When YAF was founded, on the Buckley estate at Sharon, Connecticut, there was heavy sentiment among the founders against the title, because, they said, “freedom is a left-wing word.” But the “fusionists” won out, and freedom was included in the title. In retrospect, it is clear that this was a shame, because all that happened was that the precious word “freedom” came to be used as an Orwellian cloak for its very opposite. Why don’t you leave now, and let the “F” in YAF stand then for what it has secretly stood for all along – “fascism”?

Why don’t you get out, form your own organization, breathe the clean air of freedom, and then take your stand, proudly and squarely, not with the despotism of the power elite and the government of the United States, but with the rising movement in opposition to that government? Then you will be libertarians indeed, in act as well as in theory. What hangover, what remnant of devotion to the monster State, is holding you back? Come join us, come realize that to break once and for all with statism is to break once and for all with the Right-wing. We stand ready to welcome you.

The Sunday Afternoon Mental Health Break: Jimi Hendrix

This afternoon’s mental health break is going be just a wee bit different.

As some of you might have heard; The Young Americans for Freedom sold Representative Ron Paul up the river. Over a bastardy thing, called War.

As I have repeatedly stated on this blog, that I am not against war it itself, as I do believe in America protecting itself from outside invaders and those who would wish do us harm. However, what I am against — is unjustified war or as it is commonly known as, interventionist foreign policy. This policy is the hallmark of the Neo-Conservative line of thought. It seems that the Neo-Conservatives have taken over the Ronald Reagan inspired The Young Americans for Freedom.

So, today; I dedicate the follow videos to Ron Paul and the campaign for liberty group.

I leave you all with this quote; this is something to think about, very strongly.

A true revolution of values will lay hands on the world order and say of war: “This way of settling differences is not just.” This business of burning human beings with napalm, of filling our nation’s homes with orphans and widows, of injecting poisonous drugs of hate into veins of people normally humane, of sending men home from dark and bloody battlefields physically handicapped and psychologically deranged, cannot be reconciled with wisdom, justice and love. A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death. — Martin Luther King Jr. — From “Beyond Vietnam,” April 4, 1967, Riverside Church, New York City

The truth is, that 90% of those who advocate war — will not fight in it, at all.  Because, the truth is, until about 1964 and afterwards —- Conservatives were, in fact, very anti-war.

Enjoy the videos and your Sunday.

Stock and Trading Advice: Yen and Dollar…rally ahead?

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Hope and Change?: FBI doesn’t need court’s OK to get phone records, Obama’s Justice Department claims

Well, isn’t this just a lovely story to pick up on a Sunday Morning?

WASHINGTON – The Obama administration’s Justice Department has asserted that the FBI can obtain telephone records of international calls made from the United States without any formal legal process or court oversight, according to a document obtained by McClatchy.

That assertion was revealed by the department – perhaps inadvertently – in its response to a McClatchy request for a copy of a secret Justice Department memo.

Critics say the legal position is flawed and creates a potential loophole that could lead to a repeat of FBI abuses that were supposed to have been stopped in 2006.

The controversy is a legacy of the Bush administration’s war on terror. Critics say the Obama administration appears to be continuing many of the most controversial tactics of that strategy, including the assertion of sweeping executive powers.

For years after the attacks on Sept. 11, 2001, the FBI sought and obtained thousands of telephone records for international calls in an attempt to thwart potential terrorists. The bureau devised an informal system of requesting the records from three telecommunications firms to create what one agent called a “phone database on steroids” that included names, addresses, length of service and billing information.

Go read the rest here

Which proves to this old school, Paleoconservative, Fundamentalist Christian one thing and one thing alone. That the only difference between a Neo-Liberal; like President Obama and a Neoconservative like President Bush is this —- One loves big Government and the other loves big Government as long as they are the one’s controlling it.

I remember how doing the Bush era, people like Keith Olbermann,were wailing to the top of their lungs about how darned horrible of the Bush Administration to allow such stuff to happen; and now that the Obama Administration is in power, what do you hear?

(click to play)

That is right, absolutely nothing about it at all. That is because the socialist liberals do not give a damn about personal liberty, all they care about is winning elections. All of the attacks against the Bush administration about everything; Hurricane Katrina, 9/11, Iraq —- everything  —was just partisan politics. It never was about the people; because socialists do not give a darn about the people! All they care about is power – governmental power — everything else to them is just second nature.

Which pretty much sums up why I stopped voted for the Democratic Party.  I am pretty much on to their game anymore. They try to come off as the party of the people; but anymore, they are all about the party of the state.

Video: Ron Paul’s CPAC speech

Via Fire Andrea Mitchell, who compares Ron Paul to Obama; which is typical of the Neo-Con Ilk.

Quotes of the Day

Nine Eight House Republican freshmen and three inaugural members of the Tea Party Caucus voted against a proposed extension of three Patriot Act provisions Tuesday night, blocking the measure from passage under fast-track rules.

The House clearly backed the measure, voting 277 to 148 to extend the provisions, and most Republicans stuck by their leadership and supported the extension. But enough defected, joined by most Democrats, to keep the measure seven votes shy of the two-thirds majority required for passage under the fast-track procedure.

The House is likely to bring the extensions back up before the end of the month under regular procedures, when a simple majority would suffice to send it to the Senate.

Attention immediately swung to whether House members sympathetic to the tea party had decided the matter, especially after Rep. Dennis J. Kucinich (D-Ohio) said Monday that the vote would be “the tea party’s first test.”

******

The vote was a blow to President Obama, who had asked Congress to extend the PATRIOT Act’s surveillance authorities — which are due to expire February 28 — for three years.

House Republican leaders weren’t willing to go that far in removing meaningful congressional checks and balances on the surveillance authorities that both the Bush and Obama administrations have used to conduct “roving surveillance” of communications, to collect and examine business records, and to target individuals who are not tied to terrorist groups for surveillance. But they did propose a one-year extension of the authorities.

Most House Republicans — including supposed defenders of the Constitution such as Michigan Congresswoman Michele Bachmann — went along with their leadership. In so doing, they failed to address fundamental concerns, raised by conservatives and liberals, about Patriot Act abuses of the very Constitution that theyread aloud at the opening of the current Congress.

But House Minority Leader Nancy Pelosi, D-California, led the vast majority of House Democrats in opposing any extension. In all, 122 Democrats — roughly two-thirds of the party’s House caucus — voted “no” to extending surveillance authorities that the American Civil Liberties Union warns “give the government sweeping authority to spy on individuals inside the United States and, in some cases, without any suspicion of wrongdoing. All three should be allowed to expire if they are not amended to include privacy protections to protect personal information from government overreach.”

*****

Today, Dennis Kucinich and the Tea Partiers were on the same side. If Obama wants to be on the wrong side of this issue (as he seems to be on the wrong side in nearly every aspect of the ‘War on Terror’), then so be it. But the House of Representatives has shot down (perhaps only temporarily) a measure to extend the three most grievous portions of the Patriot Act from 2001 (the ‘lone wolf’ provision, the roving wiretaps, and the unchecked powers to seize records with little-to-no probable cause). It has been beyond disheartening to watch Barack Obama more or less carry the mantle of unchecked police powers and indefinite detention that highlighted George W. Bush’s reckless and counterproductive ‘War on Terror’ strategy. More importantly, the apparent approval and continuation of such policies by the Obama administration has turned what was once a bitterly divided series of issues into something resembling bi-partisan consensus. Quite frankly, there is much that the likes of Rand Paul and Dennis Kucinich can indeed agree on. Perhaps this may be the start of the genuine liberals in Congress joining with the genuine conservatives in order to attempt to stop much of the genuinely un-American activities that have occurred post-9/11 on our watch and in our name. It is a pipe dream, but it is a goal worth advocating none-the-less.

*****

As Members of Congress, we are obligated to protect the rights and civil liberties afforded to us by the Constitution and to exercise our oversight powers fully.  Despite years of documentation evidencing abuse of these provisions by the Inspector General of the Department of Justice, they may extended without any meaningful debate or opportunity to implement common-sense reforms to ensure that the privacy and civil liberties of all Americans are fully protected. Our failure to do so makes Congress complicit in these violations of basic constitutional rights.

****

The three provisions, incidentally, were for surveillance of non-citizens, roving wiretaps of multiple phones owned by a suspect, and the “library records” provision giving the FBI access to, among other things, medical and business records, which apparently was the sticking point for many Republicans voting no. Those three will lapse at the end of the month unless they’re extended; as with the Bush tax cuts, because the issue is contentious, Congress is in perpetual “temporary” extension mode instead of reaching a permanent resolution on any of them. Frankly, if there’s any tea party angle to all this, it’s that there wasn’t more opposition among the GOP freshmen: After months of rhetoric about government intrusion and hand-wringing on both sides about Obama’s expansion of Bush’s counterterror powers — to the point where U.S. citizens like Awlaki are now marked for death by presidential decree — they had some political cover to draw the line on extending parts of the Patriot Act further if they wanted to. (Ron Paul was among the 26 no’s, of course.) Nope.

Video: Don Rumsfield on 9/11, Iraq, Afghanistan, and More

Some good video here:

The Story via ABC NEWS:

More than four years after leaving public life, former Defense Secretary Donald Rumsfeld continues to believe the war in Iraq was worth the effort, and has no apologies for his decision-making in leading the campaigns in Afghanistan and Iraq.

In an exclusive interview with ABC’s Diane Sawyer, Rumsfeld concedes that “it’s possible” that decisions on how many troops to send into Iraq marked the biggest mistake of the war.

“In a war, many things cost lives,” Rumsfeld told Sawyer.

Pressed on the fact that President Bush has written that cutting troop levels in Iraq was “the most important failure in the execution of the war,” Rumsfeld called that “interesting.”

I do not much care for the man. He is, in my humble opinion, an ignoramus. But he does have his opinions and he is a human being.

Get the Book:

I also highly recommend George W. Bush’s book as well:

Audio: Glenn Beck to Neo-Conservative Bill Kristol: “YOU Got Us Into This Impossible Situation!”

Sometimes, I love Glenn Beck! 🙂

Listen to the Audio…. Yeah, I know where it is from; But, please, click below for 9:44 of pure awesomeness. 😀

Via The Politico:

Fox News’s Glenn Beck lashed out at Weekly Standard editor Bill Kristol on his radio show this morning, accusing Kristol of betraying conservatism and missing the significance of what Beck sees as an alliance between Islamism and socialism.

“I don’t even know if you understand what conservatives are anymore, Billy,” Beck said in his extended, sarcastic attack on Kristol. “People like Bill Kristol, I don’t think they stand for anything any more. All they stand for is power. They’ll do anything to keep their little fiefdom together, and they’ll do anything to keep the Republican power entrenched.”

[…]

Kristol’s words drew an approving nod from National Review’s Rich Lowry, a rare public repudiation of the influential Fox host from a conservative elite that quietly dislikes him.

Beck, in response, defended his broad theories by reading from the work of the Muslim writer Zudhi Jasser, a sharp critic of most Muslim leaders, to argue of the threat from “Islamic socialism.” He also accused Kristol of propping up Hosni Mubarak, of being stuck in 1973, and of failing to see that “we are fighting the forces of evil on this planet.”

“I think he’s still trying to get Bob Dole elected, i’m not really sure,” said Beck.

“Have you done a minute of research Bill?” Beck asked later, promising to expose the ties between the left and Islamic radicals during this week’s television show and advising Kristol, “Just watch the show in the next week.”

The real hilarious part? Not one time did Glenn Beck use the term Neo-Conservative! He also brought Barry Goldwater into it. Drawing a line from Bill Kristol to Barry Goldwater is about as dumb as drawing a line from Pat Buchanan to Vladimir Lenin. What Glenn Beck was trying to say, but failed to do it right; was that Kristol is a part of the “Big Government” wing of the Republican Party — like the Rockefeller‘s were.  So, if he had used that name — it would have made total sense. But, I give him credit for at least taking Kristol to task.

Glenn Beck might be paranoid and a bit of hand wringer; but once and a while — he knocks one out of the ballpark! Now, if we could just work on that little shrill voice of his…. 😉 😛

The Truth about President Ronald Reagan

As you know, this is the 100’th birthday of our Nation’s 40’th President.

But I believe it is important to know, what he really did, while he was in office. The Progressive Blog, Think Progress, lists the things that Reagan did while he was in office. These are the ones that I, as a Paleo-Con care about — :

1. Reagan was a serial tax raiser. As governor of California, Reagan “signed into law the largest tax increase in the history of any state up till then.” Meanwhile, state spending nearly doubled. As president, Reagan “raised taxes in seven of his eight years in office,” including four times in just two years. As former GOP Senator Alan Simpson, who called Reagan “a dear friend,” told NPR, “Ronald Reagan raised taxes 11 times in his administration — I was there.” “Reagan was never afraid to raise taxes,” said historian Douglas Brinkley, who edited Reagan’s memoir. Reagan the anti-tax zealot is “false mythology,” Brinkley said.

2. Reagan nearly tripled the federal budget deficit. During the Reagan years, the debt increased to nearly $3 trillion, “roughly three times as much as the first 80 years of the century had done altogether.” Reagan enacted a major tax cut his first year in office and government revenue dropped off precipitously. Despite the conservative myth that tax cuts somehow increase revenue, the government went deeper into debt and Reagan had to raise taxes just a year after he enacted his tax cut. Despite ten more tax hikes on everything from gasoline to corporate income, Reagan was never able to get the deficit under control.

4. Reagan grew the size of the federal government tremendously. Reagan promised “to move boldly, decisively, and quickly to control the runaway growth of federal spending,” but federal spending “ballooned” under Reagan. He bailed out Social Security in 1983 after attempting to privatize it, and set up a progressive taxation system to keep it funded into the future. He promised to cut government agencies like the Department of Energy and Education but ended up adding one of the largest — the Department of Veterans’ Affairs, which today has a budget of nearly $90 billion and close to 300,000 employees. He also hiked defense spending by over $100 billion a year to a level not seen since the height of the Vietnam war.

6. Reagan was a “bellicose peacenik.” He wrote in his memoirs that “[m]y dream…became a world free of nuclear weapons.” “This vision stemmed from the president’s belief that the biblical account of Armageddon prophesied nuclear war — and that apocalypse could be averted if everyone, especially the Soviets, eliminated nuclear weapons,” the Washington Monthly noted. And Reagan’s military buildup was meant to crush the Soviet Union, but “also to put the United States in a stronger position from which to establish effective arms control” for the the entire world — a vision acted out by Regean’s vice president, George H.W. Bush, when he became president.

7. Reagan gave amnesty to 3 million undocumented immigrants. Reagan signed into law a bill that made any immigrant who had entered the country before 1982 eligible for amnesty. The bill was sold as a crackdown, but its tough sanctions on employers who hired undocumented immigrants were removed before final passage. The bill helped 3 million people and millions more family members gain American residency. It has since become a source of major embarrassment for conservatives.

8. Reagan illegally funneled weapons to Iran. Reagan and other senior U.S. officials secretly sold arms to officials in Iran, which was subject to a an arms embargo at the time, in exchange for American hostages. Some funds from the illegal arms sales also went to fund anti-Communist rebels in Nicaragua — something Congress had already prohibited the administration from doing. When the deals went public, the Iran-Contra Affair, as it came to be know, was an enormous political scandal that forced several senior administration officials to resign.

9. Reagan vetoed a comprehensive anti-Apartheid act. which placed sanctions on South Africa and cut off all American trade with the country. Reagan’s veto was overridden by the Republican-controlled Senate. Reagan responded by saying “I deeply regret that Congress has seen fit to override my veto,” saying that the law “will not solve the serious problems that plague that country.”

10. Reagan helped create the Taliban and Osama Bin Laden. Reagan fought a proxy war with the Soviet Union by training, arming, equipping, and funding Islamist mujahidin fighters in Afghanistan. Reagan funneled billions of dollars, along with top-secret intelligence and sophisticated weaponry to these fighters through the Pakistani intelligence service. The Talbian and Osama Bin Laden — a prominent mujahidin commander — emerged from these mujahidin groups Reagan helped create, and U.S. policy towards Pakistan remains strained because of the intelligence services’ close relations to these fighters. In fact, Reagan’s decision to continue the proxy war after the Soviets were willing to retreat played a direct role in Bin Laden’s ascendency.

Now these here, are things that Reagan inherited from Jimmy Carter, and were, of course, by the progressives, blamed on Reagan:

3. Unemployment soared after Reagan’s 1981 tax cuts. Unemployment jumped to 10.8 percent after Reagan enacted his much-touted tax cut, and it took years for the rate to get back down to its previous level. Meanwhile, income inequality exploded. Despite the myth that Reagan presided over an era of unmatched economic boom for all Americans, Reagan disproportionately taxed the poor and middle class, but the economic growth of the 1980?s did little help them. “Since 1980, median household income has risen only 30 percent, adjusted for inflation, while average incomes at the top have tripled or quadrupled,” the New York Times’ David Leonhardt noted.

Which of course, is a liberal talking point. This was actually caused by the raising of taxes under Carter and because of the slump in the economy, caused by inflation; which again, was caused by Democrat’s spending.

Another talking point:

5. Reagan did little to fight a woman’s right to chose. As governor of California in 1967, Reagan signed a bill to liberalize the state’s abortion laws that “resulted in more than a million abortions.” When Reagan ran for president, he advocated a constitutional amendment that would have prohibited all abortions except when necessary to save the life of the mother, but once in office, he “never seriously pursued” curbing choice.

Well, that might have to do with the fact that President Reagan thought Abortion was murder; however, he knew that it was not the role of the Federal Government to stop abortion — but rather the State’s role. This is because he was a Federalist. Not only that — but — do the liberals know the concept of a campaign promise or saying stuff to get elected? Funny, Obama did the very same things, when he was running. But that’s okay — because he is a liberal! 🙄

Also, The American Conservative’s blog @TAC lists some remembrances:

Pat Buchanan – “We Shall Not See His Like Again”

When America began to tear herself apart over morality, race, and Vietnam in the 1960s, the old certitudes he articulated and the old virtues he personified held a magnetic attraction for a people bewildered by what was happening to their country. When he spoke, he took us to a higher ground, above petty and partisan squabbles and divisions, where we could dream and be one people again.

Doug Bandow — “American Realist”

Reagan passionately believed in the importance of ideas and husbanded rather than squandered America’s credibility. When Ronald Reagan left office the U.S. truly did stand tall, a far cry from its status today as an isolated, distrusted giant. President Reagan likely would have been horrified: the U.S. initiating war on a lie and then finding itself caught in an unnecessary guerrilla war that has made the West less secure and America more hated by more people than at any point in its history.

Daniel McCarthy — “Getting Reagan Right”

The Reagan I Knew could just as fairly have been called The Reagan I Didn’t Know, for after a 40-year friendship, Buckley suddenly realized he had misjudged the man. At National Review’s 30th-anniversay gala in 1985, he toasted the then-president as the consummate cold warrior: “What I said in as many words, dressed up for the party, was that Reagan would, if he had to, pull the nuclear trigger,” writes Buckley. “Twenty years after saying that, in the most exalted circumstance, in the presence of the man I was talking about, I changed my mind.”

Richard Gamble — “How Right Was Reagan?”

Reagan’s speeches abounded with themes that were anything but conservative. He aligned the Republican crusader more closely with America’s expansive liberal temperament. In particular, his brand of evangelical Christianity, combined with fragments of Puritanism, enlightenment optimism, and romantic liberalism, set Reagan apart in key ways from historic conservatism.

Also, here is Jack Hunter’s video on Reagan:

(Transcript Here)

Jack Hunter, as always — is spot on.

So, with Reagan, it was a mixed bag. As the comments section over at @TAC says:

A great actor in his greatest role. On balance,during his tenure, taxes increased,inflation increased,government employment increased,the debt increased,the power of government increased yet he made you feel good about it. He “talked the talk” but didn’t “walk the walk.” As to the last few years of his 2nd Administration,I think he was in a different world. Yet, all in all,you couldn’t help like the guy and the way he made you feel proud to be an American.

However, for the record; I think it is important to note, what really caused the collapse of the Soviet Empire — It sure was not Ronald Reagan. I mean, the man gave a speech in free Germany and automatically, Reagan brought down the Soviet Union. Which, of course, is foolishness. Reagan no more brought down that Soviet Empire, than George W. Bush defeated Al-Qaeda.

While I did admire Ron Reagan for his speaking ability and his ability to lead; as a Paleo-Conservative or as I like call it — a real Conservative — I will say, Reagan was by no means perfect.

Post updated to reflect differences between legit complaints with Reagan and liberal talking points.

Update: As Always Ed Morrissey offers a “Rose Colored Glasses” version of the history of Reagan. ....and as usual the commenters over there are stupidly comparing that feckless train wreak of a media whore to President Reagan; which is sick, if you ask me.  🙄

Video: A Patriot Act Update from Ron Paul

This comes via The Daily Paul:

For the record, I never supported that so-called “law to keep us safe…”

Campaign for Liberty website.

Video: The Reality Report: Bypassing the Obama Kill Switch

Please Note: The posting of this video does not constitute an endorsement of views presented in this video. It is simply posted for information purposes only.

—-

In this issue of the reality report: The Egyptian Revolution triggered a government shutdown of the web. Could it happen here? Is the internet kill switch back on the congressional table? If the Feds shut down the web in the United States how could “We the People” get around the internet blackout? Gary Franchi reveals what tools you need to bypass a Government sponsored internet blockade. In this edition, Ron Paul explains the how the Federal Reserve works outside of congress’ constitutional framework. We also look at Senator Chuck Schumer failing miserably while explaining the three branches of government. Beautiful words are uttered from the lips of the Florida attorney general about Obamacare. President and founder of Freedom Law School, Peymon Montehedeh, gives us the details on this years’ Freedom Conference, and we announce a new action taking place in March. We’ll take a dip into the mailbag, deliver the results of last week’s poll, a viewer brands a new Enemy of the State… and Nina returns to deliver the Headlines from the new Reality Report News Room.

http://RTR.org | http://RealityReport.TV

Video: Ed Morrissey does Reason.TV

I could say many things about Ed Morrissey.  I have not always agreed with him; his brand of Conservatism tends to be a bit more Neo-Conservative as opposed to my Paleo-Conservative leanings.  I do not agree with him, when it comes to the subject of unions.  I also do not agree with him, when it comes to Ron Paul or Pat Buchanan.

Having said all of that, I like Ed Morrissey as a person.  I used to read Captain’s Quarters, when I was on the left — first mainly with a big dose of skepticism.  As in, “What’s this right wing weirdo going say about this?” sort of a thing.  As time went on, I found Ed Morrissey to be one of the more levelheaded, reasonable Conservatives out there — more so than his former boss.  I can honestly attest to the fact that Ed Morrissey at one point or another has expressed doubts about Iraq and Afghanistan both.  This was a gob smacking, jaw dropping experience for this writer.  I mean, when you have lost Ed Morrissey, you have lost Middle America.

Okay, the last bit of that last paragraph was a bit of a stretch, but hey, I am trying to say nice things about the damned baldheaded Neo-Con — cut me some slack eh? 😉 😛 😀 😆 🙂

Without any further delay, I present to you; Ed Morrissey, being verbally made love to, by Reason.TV’s Nick Gillespie: (H/T to the baldheaded Neo-Con himself…)

Good show Ed. You deserve every bit of the popularity, that comes with being the big time blogger that you are! 😀

Exit Question: What the heck is up with Nick Gillespie’s handlebar mustache thing?? 😮

I get mail!

Reader “NullVoid” writes:

Dear Paleo Pat,

I’m a libertarian; meaning, beyond foreign policy, there’s not much a paleoconservative like you would like about me. I’m for gay rights; free trade (NAFTA or no); open borders; etc. However, I cannot help but feel some pity for how old fashioned conservatives are treated. For one, it confuses the political spectrum to have them excluded.

Here’s hoping that, post-War On Terror, people like you will define the American Right.

and….:

Here’s something for your fellow paleos to be encouraged by; neocons are losing their grip on intellectual discourse. Oh, they still have the op-eds; but, their ideas are ridiculed in the university by reputable people. Seize the initiative, and use this opportunity to critique the neoconservatives and define what conservatism, properly conceived, consists in. Don’t compromise with the neocons, libertarians, liberals, progressives, or anyone else.

Those little e-mails make it worth every nasty e-mail, troll comment or technical glitch! 😀

I’m glad to see that someone is actually reading here. Oh noes! Does this mean I have to act like a respectable writer now? Horrors! 😮 😉 😛

Video: The John Birch Society’s Rebuttal to the SOTU Address

Via The Liberty News Network:

State of the Union Rebuttal from The John Birch Society on Vimeo.

Trading Advice: What Most People Don’t Realize About The Fed’s Superpowers

Bob Prechter’s Conquer The Crash reveals whether the Fed really can rescue the US economy
January 27, 2011

By Elliott Wave International

Since its creation in 1913, the primary intended role of the U.S. Federal Reserve Bank has been that of protector. In theory, the central bank was bestowed with the power to shape monetary policy in a way that would keep both booms and busts in check. The two main tools at its disposal — interest rates and money creation — would provide a “ceiling of normalcy” above expansions AND a “net of safety” below contractions.

To this day, the financial mainstream holds great faith in the Fed’s ability to fulfill its save-the-day duties — as these recent news items make plain:

  • “Why Raising Fed Funds Rate Is Positive For Equities.” (Seeking Alpha)
  • “Fed’s Moves Lift All Asset Classes.” (Associated Press)
  • “US Stocks Erasing Losses: The aggressive moves of the Fed have been an important driver for the stabilization of stock prices.” (Bloomberg)

But of all the variables the Fed creators took into account, there’s one glaring factor they neglected to consider: Namely, it cannot force consumers to spend, creditors to lend, or businesses to borrow. The events of 2007-2009 “credit crunch” and the subsequent “Great Recession” made that obvious. Remember how the government was upset at banks for sitting on the bailout funds instead of lending them out to consumers? And consumers weren’t exactly lining up on the street to get a loan, either.

The Fed’s inability to change social mood is the central theme in Chapter 13 of EWI President Bob Prechter’s NY Times business bestseller book Conquer the Crash. There, Bob describes the Fed’s strategy of lowering the federal funds rate to stimulate spending to be as effective as “pushing on a string.” Writes Bob:

“The primary basis for today’s belief in perpetual prosperity and inflation with an occasional recession is what I call the ‘Potent Directors Fallacy.’ It is nearly impossible to find a treatise on macroeconomics today that does not assert or assume that the Federal Reserve Board has learned to control both our money and our economy. Many believe that it also possesses the immense power to manipulate the stock market. The very idea that it can do these things is false.”

And so begins one of the most groundbreaking studies into the very real INABILITY of the Fed to fell the great bears of economic declines, or to feed the great bulls of economic vigor.

The best part is, you can read Chapter 13 of Conquer the Crash in its entirety FREE via a Club EWI resource “You Can Survive And Prosper In A Deflationary Depression.” The free report also includes SEVEN other chapters of Conquer the Crash that shed equal light on some of the most misleading notions of mainstream economic wisdom.

Don’t stay in the dark. Read all 8 chapters today by joining the rapidly expanding free Club EWI community today. Here’s what you’ll learn:

  • Chapter 10: Money, Credit and the Federal Reserve Banking System
  • Chapter 13: Can the Fed Stop Deflation?
  • Chapter 23: What To Do With Your Pension Plan
  • Chapter 28: How to Identify a Safe Haven
  • Chapter 29: Calling in Loans and Paying off Debt
  • Chapter 30: What You Should Do If You Run a Business
  • Chapter 32: Should You Rely on Government to Protect You?
  • Chapter 33: A Short List of Imperative “Do’s” and Crucial “Don’ts”

Keep reading this free report now — all you need to do is create a free Club EWI profile.

It is official: Mike Pence will not be running for President in 2012

Well, we can count this guy out:

U.S. Rep. Mike Pence shut the door today on a run for the presidency, but left wide open the likelihood that he’ll seek a different office: Governor of Indiana.

“In the choice between seeking national office and serving Indiana in some capacity, we choose Indiana,” Pence, R-Columbus, said of himself and wife Karen in a letter being sent to supporters. “We will not seek the Republican nomination for president in 2012.”

He said he would make a decision “later this year” about what his next political step is, but by not running for president it is considered a virtual certainty that he will run for the GOP nomination for governor. While he could, instead, run for a seventh term in Congress, that’s not considered likely given that Pence gave up the job that would have made him the fourth-highest ranking Republican in the House after the November elections, in order to focus on other political opportunities.

via Rep. Mike Pence closes door on White House run | The Indianapolis Star | IndyStar.com.

AllahPundit, as always, frets:

Needless to say, a big reason for the “Draft Pence” push in recent weeks was some social cons being uncomfortable with Palin or Huckabee as the nominee. Where do those people turn now?

To be quite honest, if all the social cons have to choose from is Huckabee and Palin; then that speaks to the sorry condition of the GOP in this day and age. I would say Mitt Romney, but the Evangelical Christians loathe him.  As a Fundamentalist Baptist, I can tell you that I am not too big on the idea of a Mormon being in the White House at all.  What I really believe personally is that the Republican Party needs to focus on fiscal issues and leave the social cons out of the mix in 2012.  Because honestly, that crowd is so darned fickle anyways, not to mention the rank hypocrisy that comes from those ranks.  I mean, just look at Palin, rode in on the white horse of social Conservatism and a few weeks later, her daughter comes up pregnant.

The simple solution is Tim Pawlenty. He is a fiscal Conservative, he is not a extremist and his family is not a reality show. I personally believe he would be a good choice for the G.O.P. in 2012. Here is hoping that Tim runs in 2012, because for once, I would like to vote for a Republican, that actually acts like one and not some made beltway boy or some right wing extremist or a talk show reality star. I want a real CEO type, that will make decisions to help small business and people like me find jobs again.

We need to put America back to work. We cannot do that with a shrieking harpy glamor model who’s got a reality show; that somehow believes that she is entitled to be President, because of her sex organs —- nor can we do that with a Democrat with a Bible who is prone to extremism.

Video: The Reality Report #78: The Homeland becomes the Fatherland

Please note: The posting on this video does NOT constitute support for all of the views therein. It is posted for your education and information.

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Synopsis: In the 78th edition of the Reality Report, Gary Franchi draws the direct parallels America shares with Hitler’s Germany and provides the solution to avoiding their terrible fate. We take a look at Ron Paul’s Texas Straight Talk where he discusses what a new found interest in the Constitution could mean for America. CEO of Euro Pacific Capital, Peter Schiff tells us why the Chinese modeled their currency after the U.S. dollar. We also hear from the former U.S. military analyst who is responsible for leaking the Pentagon Papers, Daniel Ellsberg. He explains the recent war on whistle-blowers. Chris Mathews latest hypocrisy is revealed and Angie breaks down the news. As always we take a dip into the mailbag, reveal the results from last weeks viewer poll and brand a new Enemy of the State.

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http://RTR.org | http://RealityReport.TV

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Video: Ron Paul talks with John Stossel on the SOTU address

This comes via The Daily Paul:

Part 1:

Part 2:

Comments are Welcome!

Stock and Trading Advice: WARNING TO OPTIONS TRADERS LOOKING AT NETFLIX EARNINGS

One of the hardest things for me to remember is not to believe everything I see. I am a sucker for the latest “can’t lose” strategy supported by the experts. This morning I ran across a trade that looked too good to be true. I think it is, but I think it is instructive to walk through the potential hidden land mine. The event is the Wednesday afternoon release of NFLX earnings but there is a hidden trap for option traders using one commonly used earnings play structure.

The construction of the play is that of a “double calendar” spread. The underlying profit engine is an attempt to exploit the routinely seen spike in implied volatility (IV) of the options series most closely following earnings release. In this case, NFLX has weekly options which expire 48 hours after the scheduled announcement.

In order to understand the situation, let’s walk through the components step-by-step. First, is the routinely observed spike in IV seen as earnings release approaches present? As shown in the options pricing matrix below, the IV of the weekly options is substantially higher than the next series in time, the February monthlies:

Next, we need to get an idea of the magnitude of the price movement expected by option traders. This price range can be imputed from the break even points of the at-the-money straddle in the front most options. As shown in the graph below, this analysis gives a current expected price range of 167-203 following earnings release.

Now let us consider a double calendar spread with strikes selected to encompass this anticipated price range. To review quickly, a calendar spread consists of selling a short dated option while buying a longer dated option at the same strike price. An example of such a trade in NFLX is presented below:

That looks pretty sweet, right? We have projected break even points of 147.3 and 238.86 and a probability of profit (P.P.) of 100%. So all we have to do is put this on, wait for earnings, and barring any huge surprise, we take profit of 100% or more home.

What could possibly go wrong? Unfortunately there is a high probability of a sequence of events that will totally erase any profits and likely result in a loss. Go back and look at the option pricing matrix above and focus on the IV of the options we are buying. These options trade at a volatility of 60%. Is that high or low? You tell me from this historic graph of volatility in NFLX options:

As you can see, the current level of volatility that you are buying in the long legs of the calendar is quite elevated on a historical basis. Furthermore, the spread between statistical (historical) and implied volatilities has rarely been greater. This combination of events sets up a high probability of a “volatility crush” on the options you hold long as part of the spread. The moving parts of this crush are:

1. Cessation of the “bleeding” of juiced IV from the weeklies into the monthly series as the weekly option IV deflates massively.

2. Convergence of IV toward the value of historical volatility in order to close the huge divergence in the levels currently present.

This situation sets up a high probability for a negative impact on the trade which will almost certainly result in a loss. Do I know these events will transpire? Absolutely not, and I may be 100% wrong. Survival as an options trader is all about recognizing high probability events and structuring trades accordingly. No free cheese here; time to move along to the next trade.

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J.W. Jones