We hope you will visit our new No Compromise blog!
If only the media would actually go after the politicians like Beck did in this video!
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by Sid Bridge, Financial Correspondent for the whole whirled!
The Chinese push for a world currency has raised a world-wide uproar over whose currency would prevail. China was quick to suggest its own currency, the Mao. The controversial Mao is a 12 inch diameter disk that is dominated by a large depiction of Chairman Mao Tse Tung.
“We believe it’s time for the world to use our currency,” said Chinese President Hu Jintao, “We expect to cover the world with Chinese people by 2030 anyway.”
President Barack Obama was quick to promote the American dollar.
“The dollar is the greatest currency in the world,” said Obama, “Right now it’s up against the Euro by… no, wait, it’s down. No, it’s up again. No. It’s down. Look, it folds nicely and fits in most wallets.”
In a rare show of unity, African countries came together to promote their currency.
“It’s time that the world recognized a significant portion of its population, Africans,” said Zaire’s President Mbeko Fambiki, “For hundreds of years we have traded with the Ukluku, a round ball of Ibex dung placed at the end of a stick. It is cheap to produce and accepted all over Africa. Let us throw our Uklukus at you.”
Not to be outdone by the show of unity, South American countries stood together, represented by Brazilian President, Luiz Inacio Lula Da Silva.
“South America is an up-and-coming economic giant,” said Da Silva, “We trade in the one currency that the world understands and values – lines of Brazilian cocaine. Try walking into a store with some of our currency and see how popular you are!”
The other super power in the world weighed in as well.
“The Russian people are proud of the Ruble,” said Vladimir Putin, “It’s a nice coin and it’s worth, um, we don’t have a chance at this, do we? Screw ya’ll.”
“Obviously, the Euro is the only choice,” said British Prime Minister Gordon Brown, “It’s valuable, pleasant, quite attractive, well sized, articulate. I say, hello? Where has everyone gone? Excuse me, I’m trying to lecture you on a currency. How rude.”
Canada also expressed concern about being left out of the process.
“Our dollar’s totally different from the American dollar,” said Canadian Prime Minister Steven Harper, “It doesn’t even work in their Coke machines. You’ve got to listen to us! We really have a country, too. We have hockey and public restrooms here! Will someone please recognize Canada?!”
UPDATE: Al Gore Leaves The Light On For Ya. Remember because he’s special he doesn’t have to comply with his own demands!
Recently, I posted a piece regarding the loons in Hollyweird wanting everyone, worldwide, to turn off all their lights for one hour. Tell that to the people who wish they had the electricity these loons have in their lives!
Well I say, turn on ALL your lights at 8:30 pm local time to celebrate human achievement and advancement because of electricity! Where would this world be without electricity and all that has done to advance humanity? Hooray for Electricity!
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Don’t be left in the dark!
And here is something for you Washingtonians: Roll on Columbia, Roll On!
By Mark Steyn, National Review columnist, author of America Alone
Writing in the Chicago Tribune last week, President Obama fell back on one of his favorite rhetorical tics: “But I also know,” he wrote, “that we need not choose between a chaotic and unforgiving capitalism and an oppressive government-run economy. That is a false choice that will not serve our people or any people.”
Really? For the moment, it’s a “false choice” mainly in the sense that he’s not offering it: “a chaotic and unforgiving capitalism” is not on the menu, which leaves “an oppressive government-run economy” as pretty much the only game in town. How oppressive is yet to be determined: To be sure, the official position remains that only “the richest five percent” will have taxes increased. But you’ll be surprised at the percentage of Americans who wind up in the richest five percent. This year federal government spending will rise to 28.5 per cent of GDP, the highest level ever, with the exception of the peak of the Second World War. The 44th president is proposing to add more to the national debt than the first 43 presidents combined, doubling it in the next six years, and tripling it within the decade. But to talk about it in percentages of this and trillions of that misses the point. It’s not about bookkeeping, it’s about government annexation of the economy, and thus of life: government supervision, government regulation, government control. No matter how small your small business is – plumbing, hairdressing, maple sugaring – the state will be burdening you with more permits, more paperwork, more bureaucracy.
And don’t plan on moving. Ahead of this week’s G20 summit in London, Timothy Geithner, America’s beloved Toxic Asset, called for “global regulation.” “Our hope,” said Toxic Tim, “is that we can work with Europe on a global framework, a global infrastructure which has appropriate global oversight . . . ”
“Global oversight:” Hmm. There’s a phrase to savor.
“We can’t,” he continued, “allow institutions to cherry pick among competing regulators and ship risk to where it faces the lowest standards and weakest constraints . . . ”
Just as a matter of interest, why not? If you don’t want to be subject to the punitive “oversight” of economically illiterate, demagogic legislators-for-life like Barney Frank, why shouldn’t you be “allowed” to move your business to some jurisdiction with a lighter regulatory touch?
Borders give you choices. Your town has a crummy grade school? Move ten miles north and there’s a better one. Sick of Massachusetts taxes? Move to New Hampshire, as thousands do. To modify the abortionists’ bumper sticker: “I’m Pro-Choice And I Vote With My Feet.” That’s part of the self-correcting dynamism of capitalism: For example, Bono, the global do-gooder who was last in Washington to play at the Obama inauguration, recently moved much of his business from Ireland to the Netherlands, in order to pay less tax. And good for him. To be sure, he’s always calling on governments to give more money to Africa and whatnot, but it’s heartening to know that, when it comes to his wallet as opposed to yours, Bono – like Secretary Geithner – has no desire to toss any more of his money into the great sucking maw of the government treasury than the absolute minimum he can get away with. I’m with Bono and Tim: They can spend their money more effectively than hack bureaucrats can. We should do as they do, not as they say.
If you listen to the principal spokesmen for U.S. economic policy – Obama and Geithner – they grow daily ever more explicitly hostile to the private sector and ever more comfortable with the language of micro-managed government-approved capitalism – which, of course, isn’t capitalism at all. They’ll have an easier time getting away with it in a world of “global oversight” where there’s nowhere to move to. Unfortunately, even then it won’t work. Think about it: It takes extraordinary skill to create and manage a billion-dollar company; there are very few human beings on the planet who can do it. Now look at Obama and Geithner, the two men currently “managing” more money than any individuals in human history: not billions, but trillions.
Notwithstanding the Treasury secretary’s protestations that the Yes/No prompt buttons of Turbo Tax were too complex for a simple soul such as himself, it’s no reflection on the hapless Geithner that he’s unable to fix the planet. When the Bolsheviks chose to introduce Russians to the blessings of a “command economy” 90 years ago, they were dealing with a relatively simple agricultural society largely contained within national borders. Obama and Geithner are trying to do it with a sophisticated global economy in which North American consumers, European bankers, Asian suppliers, Saudi investors, and Chinese debt-holders are more tangled than an octopuses’ orgy. Even with “global oversight” – with the Toxic Tims of Germany, Argentina, and India all agreeing on how to fix the game – it can’t be done.
Barack Obama, even when he’s not yukking it up on 60 Minutes, barely disguises his indifference to economic matters. He is not an economist, a political philosopher, a geopolitical strategist. He is the president as social engineer, the Community-Organizer-in-Chief. His plan to reduce tax deductions for charitable giving, for example, is not intended primarily to raise revenue, but to advance government as the distributor of largesse and diminish alternative sources of societal organization, such as civic groups. Likewise, his big plans for socialized health care, a green economy, universal college education: They’re about extending the reach of the state.
Unfortunately, all of it costs money he doesn’t have. So he has to borrow it, in your name. Where does the world’s hyperpower go to borrow more dough than anyone’s ever borrowed in human history? More to the point, given that, partly at the behest of Obama and Geithner, almost every other western government is ramping up national debt to cover massive bank bailouts and other phony-baloney “stimuli,” is there enough money out there to buy up the debt that’s already been run up? Last week, at the official British Treasury auction, investors failed to buy the full complement of so-called “gilt-edged” 40-year bonds. Two such auctions have already failed in Germany. The U.S. Treasury, facing similar investor reluctance to snap up $34 billion of five-year notes, was forced to increase the interest it will pay on them. The Chinese and the Saudis have long taken the view that it’s to their advantage to own as much of the western world as they can snaffle up, but it’s unclear whether even they have pockets deep enough for what America and the many Bailoutistans of Europe are proposing to spend.
In their first two months, Obama and Geithner have done nothing but vaporize your wealth, and your children’s future. What began as an economic crisis is now principally a political usurpation. And, to return to the president’s “false choice,” that “chaotic and unforgiving capitalism” is exactly what we need right now. It’s the quickest, cheapest, fairest, most-efficient route to economic stabilization and renewal. A regimented and eternally forgiving global command economy with no moral hazard will destroy us all.