Category Archives: war

Eugene Armstrong Beheading and Islamofascists in NYC

Eugene Armstrong Gruesome beheading:

http://www.conservativenewswarriors.com/VIDEO-BEHEADING-Eugene-Armstrong.WMV

Bay Ridge, NYC Towelheads stomping on flag talking s**t about the USA and how they’re exploiting loopholes in the 1st Amendment to march on the United States and take over for the Islamic Caliphate:

http://www.youtube.com/watch?v=m5BPVF1C5LE&eurl=http://www.facebook.com/group.php?gid=22519128265

Arab-Muslim Fascists plotting in the open a mushroom cloud on Israel and to take over the United States while chanting ‘jihad vis-a-vis Hitler!’ and ‘Allahu Akbar!’:

http://www.youtube.com/watch?v=HO74GwUTZj4&eurl=http://www.facebook.com/group.php?gid=22519128265

Critique of O’Reilly’s Article – Oil Price Economics

Bill O’Reilly of Fox News fame states in a recent article that energy independence is a national security issue. With that subject I agree, however, it is the predicate of his argument – namely, that big oil interests (e.g., petrol corporations and OPEC) are responsible for high gas prices – with which I take exception. O’Reilly’s role as a television news anchor notwithstanding, sensationalist rhetoric dodging the point at issue by Red Herring which points to the symptoms of the problem rather than the cause is naive at best and irresponsible at worst.

The US consumer is at fault here, not Iran or the mullahs, for high and rising oil prices. If household balance sheets were in order, our external debt position would not be where it is today. Moreover, if households collectively exercised prudence with regard to their political decisions surrounding the government budget (the other constituent part of our ‘twin deficits’), and specifically regarding our entitlements crises (e.g., Medicare and Social Security), by electing officials who would put an end to the abuse of unaccountable government spending facilitated via the laundering effect of statist welfare mechanisms or by simply voting away these monstrosities via referendum, our spending power, hence the price of goods such as oil, would be much different.

The rationale to back the premise that household profligacy leads to higher prices is thus: the market is more or less efficient in that investors, traders, merchants, and the like do not want to put themselves at more risk than necessary to make a living. Hence, there are limits to supply and demand, limits facilitated by the price mechanism.

(Disclaimer:  If you wish to skip the wonkery, pass by this paragraph and you won’t lose any meaning behind my point.) The elasticity of demand for and supply of goods determines what degree supply and demand changes affect the [equilibrium, or market clearing] price. To be sure, the elasticity of demand for oil increases as the price rises as a percentage of household income. However, conjoined with other factors such as necessity and lack of proper substitutes, the relative inelasticity of demand for oil leads to consumption patterns which do harm to household balance sheets in the aggregate. Thus spending, investment, production, and employment growth in the economy is duly constrained. On the supply side, elasticity is affected by, among other things, the existence of raw materials (e.g., crude), production spare capacity (e.g., OPEC’s ability to put more petroleum onto the market), the length of the production process (e.g., refining Canadian tar sands) coupled with factor immobility and time (e.g., drilling and exploration).    

American money is worth less than it used to be due to the monetary approach to the balance of payments whereby, according to Krugman and Obstfeld, “An increase in the supply of domestic currency bonds that the private sector must hold raises the risk premium on domestic currency assets,” (524, International Economics Theory and Policy). In other words, our trade deficit is financed, indirectly, via US government treasuries, among other securities. And the more financing activity we pursue (e.g., via household debt) the higher the risk premium we have tacked on to the price of our money. Therefore, purchasing power is directly linked to our spending activities – i.e., there is a causal link between debt and inflation.

The argument can also be made that the US is exporting inflation from wars in the Mid-East as financing overseas adventures puts a strain on government coffers. That oil prices are blowback of government overextension. Yes, that point is well received, however, government defense appropriations still do not make up nearly the proportion of the budget as entitlements (e.g., war = 20% while SS and Medicare = 60%). Moreover, estimates project that 2/3 of our economic growth has been consumption based. This suggests that the impact from government spending on war has had concomitant effects in the domestic economy (on the demand side), which have led to the impacts we now face in terms of our purchasing power [parity] reflected in higher prices.

The strength of the dollar, essentially, is determined by, among other things, our capital position (e.g., net assets or deficits) and future income earning potential coupled with past performance (e.g., market returns) and overall risk (e.g., default rates). When investors, traders, merchants, foreign sovereign wealth holders, etc. look at the US and its indefinitely increasing entitlements overhang (e.g., $42 Trillion Social Security and Medicare debt projected over the next 75 years) coupled with its increasingly stagnant economic growth (e.g., due to normal business cycle fluctuations), lending to decadent and irresponsible Americans looks less than appealing.

The meaning of our present condition lies much deeper than the vacuous notions propagated by populist demagogues of price manipulation for ‘windfall profits.’ The cost of oil is a proxy for a downgrade in [worldwide] investment opinions of the United States and these opinions reside in and are buttressed by rational economic expectations.

Surge To Victory

By INVESTOR’S BUSINESS DAILY | Posted Tuesday, May 27, 2008 4:20 PM PT

War On Terror: They said the surge would fail. They claimed we had no allies. They called Iraq a quagmire. They sought to cut and run. Now, our victories over terror are accelerating across the world.


Read More: Global War On Terror | Iraq


 

Take a look at what happened in the global war on terror just over the Memorial Day weekend:

• Iraqi forces ran al-Qaida terrorists out of Mosul, the terror organization’s final urban stronghold. That victory reduces the killers to fringe areas with little public support, and a truncated capacity to recruit and strike terror in Iraq’s cities. Al-Qaida has “never been closer to defeat than they are now,” said Ryan Crocker, U.S. ambassador to Iraq.

Iraqi troops also cleaned out Basra and Sadr City, reducing any prospect for domestic insurgents to take power by force. Along with al-Qaida, these terrorists may try to continue, but the will is fading as the pressure is ratcheted up.

• In Colombia, Defense Minister Juan Manuel Santos announced that Manuel “Sureshot” Marulanda, founder of the FARC Marxist terror group, died a hunted man in the jungle on March 26 as bombs rained down on him. Better still, the government knew this because it penetrated FARC. Marulanda died knowing his chosen successor, Raul Reyes, had been blown away, too. Indeed, three of FARC’s seven top leaders have been killed since March, and the rest are headed “for the grave,” Santos said.

Hundreds of FARC foot soldiers are now furtively phoning the government to beg for a deal. Along with fears of their own men turning them in for cash, FARC leaders now work in a poisoned atmosphere, knowing spies are in their midst. They won’t win.

• British forces for the first time drove the Taliban from a southern stronghold in a 96-hour battle this month. It was their first combat operation since new troops arrived in March. The New York Times reported a “palpable” sense of relief among villagers, with the district chief and exiles returning to rebuild. “There has been huge optimism from the people,” an officer was quoted as saying.

• In the south Philippines, Marxist and Muslim terrorists are desperate. A big arsenal belonging to al-Qaida-linked Abu Sayyaf was unearthed in Sulu Saturday, taking 283 sacks of bomb components out of circulation. Meanwhile, Nur Misuari, the top terrorist of the Moro National Liberation Front, on parole in Davao, pleaded with other terrorists to drop arms and sue for peace at a rally Saturday.

• In Egypt’s al-Qaida inner circle, a leading jihad ideologue, using the nom de guerre Dr. Fadl, has now openly questioned terrorism as a tactic, given al-Qaida’s mounting losses. He threatened to renounce violence — a new blow to the jihadists.

Has there ever been such an epidemic of terrorist surrender? And the trend is growing. For the first time, the possibility of a world without major terror organizations is real. The world has shrunk for them, while the nations that fight back are getting stronger.

Significantly, those doing much of the winning are U.S. allies — the ones we supposedly don’t have.

The British have sprung to life after years of ineffectiveness. They now show their old mettle as they break the Taliban.

Meanwhile, the Iraqi, Colombian and Philippine militaries have become effective anti-terrorist fighters after U.S. training. Those countries’ forces were directly responsible for victory in Mosul, and big reversals in the jungles of Colombia and Philippines.

U.S.-trained anti-terror forces now form a united, global front of sorts. It’s a bad time to be a terrorist.

So where are the naysayers now with their conventional wisdom that the war can’t be won? The tables are turning on terrorists all over the world. As victories crescendo, it should be trumpeted loudly: The surge is working.

The Dreaded Reaching Hand of Legal Oppression – Extortionist Racism Charges

It is a crime to be racist. Therefore when racist charges are the subject, prison terms or worse are the predicate. Therefore, charges of racism are a menace to society, extortion to intimidate rivals into silence and compliance analogous to threats of blackballing from society, lynching or some other such thing. The only difference between despised minorities screaming racism and common people carrying pitchforks and torches is that the former have the entire state apparatus at their disposal to legitimize and carry out their vicious attacks. Any comments?

Obama’s Black Ambition

If Barack Obama is running on the platform of being black, then he should lose unless the electorate cows in fear meanwhile justifying their own capitulation by hypocritical accusations (e.g., against conservatives for resisting miscegenation). An economist article suggested that American whites are less racist than they used to be (like in the fifties) because whites have had a seven-fold increase in the proportion of interracial children. This argument infers that whites are racist if they don’t intermarry and that whites are therefore racist by virtue of their skin color. Notwithstanding the fact that this is a racist argument, it leads unambiguously to the conclusion that whites are criminal (because it is a crime to be racist).  Don’t you like how the devil turns things upside down? Very nice logic indeed.

A leftist on tv says that she thinks it’s mean that people won’t vote for a candidate because of his race. On the contrary, it’s mean to vote for a candidate because of his/her identity.

 

 

Analysis: Obama reacts fast to Bush on diplomacy

WASHINGTON (AP) — In President Bush’s hint that Barack Obama wants to appease terrorists, Democrats heard troubling echoes of 2004, when Republicans portrayed John Kerry as irresolute and weak on national security…

 

 

War With Iran Might Be Closer Than You Think

Market forces are predicting a war in Iran, I suspect. Speculators would obviously bid up the price of oil if they think a major conflict will come soon. Philip Giraldi at the American Conservative:

There is considerable speculation and buzz in Washington today suggesting that the National Security Council has agreed in principle to proceed with plans to attack an Iranian al-Qods-run camp that is believed to be training Iraqi militants.  The camp that will be targeted is one of several located near Tehran.  Secretary of Defense Robert Gates was the only senior official urging delay in taking any offensive action.  The decision to go ahead with plans to attack Iran is the direct result of concerns being expressed over the deteriorating situation in Lebanon, where Iranian ally Hezbollah appears to have gained the upper hand against government forces and might be able to dominate the fractious political situation. The White House contacted the Iranian government directly yesterday through a channel provided by the leadership of the Kurdish region in Iraq, which has traditionally had close ties to Tehran.  The US demanded that Iran admit that it has been interfering in Iraq and also commit itself to taking steps to end the support of various militant groups.  There was also a warning about interfering in Lebanon.  The Iranian government reportedly responded quickly, restating its position that it would not discuss the matter until the US ceases its own meddling employing Iranian dissident groups.  The perceived Iranian intransigence coupled with the Lebanese situation convinced the White House that some sort of unambiguous signal has to be sent to the Iranian leadership, presumably in the form of cruise missiles.  It is to be presumed that the attack will be as “pinpoint” and limited as possible, intended to target only al-Qods and avoid civilian casualties.  The decision to proceed with plans for an attack is not final.  The President will still have to give the order to launch after all preparations are made.