Quote Of The Day – Debt Edition
Has anyone ever considered the fact that so much debt and borrowing is a national security problem? “From 1789 through 2008, the U.S. government borrowed a total of $5.8 trillion. In 2009, the federal...
View ArticleThe Future Consequences Of Energy Stupidity
I’m not sure how else to characterize this in a strategic and national security sense: Canada, faced with growing political pressure over the extraction of oil from its highly polluting tar sands, has...
View ArticleWho’s “optimal” are we talking about here?
Thomas Friedman is at it again. He finds our method of governance just too cumbersome and one which mostly yields “sub-optimal” results. I mean, look at the Chi-coms: TOM BROKAW: Tom, are we at a kind...
View ArticleMission Impossible
Yesterday, in the New York Times and other media outlets: President Barack Obama secured a promise from President Hu Jintao of China on Monday to join negotiations on a new package of sanctions against...
View ArticleWhen are sanctions not sanctions?
When enforcement is an option, I suppose. Tell me how brilliant this is: The Obama administration is pressing Congress to provide an exemption from Iran sanctions to companies based in “cooperating...
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Nice – lectures on fiscal responsibility from … China
Who would have ever thought to see the day the US was lectured on its economic policy by the Red Chinese? Even worse, who would have believed the Chinese would be right? Sovereign debt troubles in...
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Korea heats up
South Korea has determined it’s ship, the Cheonan, was torpedoed by a North Korean submarine. 46 South Korean sailors died. In most people’s minds, that was an overt act of war. Yesterday, NoKo...
View ArticleTurkey continues to sell gasoline to Iran despite sanctions
So now what? We had the tough talk from Obama and the State Department about “new” sanctions designed to bring Iran to its knees over the development of nuclear weapons. But now the administration is...
View ArticleFidel Castro – Socialism doesn’t work
We could have told him that 50 years ago: Fidel Castro told a visiting American journalist that Cuba’s communist economic model doesn’t work, a rare comment on domestic affairs from a man who has...
View ArticleCongress throws fuel on a raging currency war fire
In case you missed it, there’s a currency war going on. It may not be the sexiest thing in the world to talk about, but it is important to understand. Probably the most important thing to understand...
View ArticleCommunism kills–always has, always will
I know – once again I’ve managed to shock you haven’t I? Not. All that’s really happened is there is now proof that is hard to ignore or deny. Communism (simply a brand of "totalitarianism") kills and...
View ArticleObama no leader and would prefer "easier" job as president of China
John Hinderaker at Powerline hits on something I’ve been saying for quite some time about the man in the White House: Last night Col. Ralph Peters was on Bill O’Reilly’s show, talking about Libya....
View ArticleChina drives the price of commodities and inflation waits in the wings (update)
As China’s middle class expands and as its business and manufacturing sector continue to grow, it is driving the price of commodities higher because of increased aggregate demand for relatively scarce...
View ArticleOxfam predicts world food shortages by 2030 mostly because of “climate change”
In advance of the December climate summit in South Africa this year, the scare-factory is ramping up its efforts to sell the need for “drastic action” to prevent “climate change”, the current euphemism...
View ArticleOur major creditor’s name also ends with a vowel
One of the irritating things about being deeply in debt is dealing with your creditors. Happily, if your creditor is, say Wells Fargo, they tend to stay within strict legal bounds when dealing with...
View ArticleGreen jobs? There’s just no market
If you don’t believe me, look at the California experience to this point. If there’s any state in the union more amenable to and focused on providing green jobs, it has to be the Golden State....
View ArticleKeystone XL pipeline: Energy security held hostage
One of the arguments you consistently hear from the left is we can’t become “energy independent”, or said another way, we can’t become independent from “foreign oil”. Well, there’s foreign oil and then...
View ArticleChinese lecture Europe on the corrosive effect of the welfare state
Irony of ironies. The Chinese lecturing the supposed capitalist West on economics and the welfare state. Of course, as we’ve discussed many times, Crony Capitalism and/or Corporatism aren’t...
View ArticleIt has come to this–China mocks West’s political system and economics
And, at the moment, rightfully so. That’s not to say theirs is a superior system by any stretch. Theirs just happens to be thriving at this moment in history. But that doesn’t change the correctness...
View ArticleFormer SEIU boss: We should emulate Chinese economic model
You can wade through all the trash he throws up there as a preface to his central point, but I’ll save you the trouble. Writing in the WSJ, Andy Stern says: The conservative-preferred, free-market...
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