Archive for the ‘War’ category

The Turks Try On an Ultimatum for Size

July 6, 2010

So the Turks have decided to tell Israel that they better apologize over their staged aid flotilla or, or, well, they’ll sever ties. Whatever.

I don’t want to diminish the hopelessness of the situation over there, which is depressing in its falseness and hypocrisy (can you offer an explanation for the millions of Kurds you’ve massacred you flatulent murderous thugs?). But how long will this kind of garbage from the likes of quasi-states like Turkey be treated with anything besides derision and mockery?

It’s pathetic.


The New Depression? Depressing stagnation at best

July 5, 2010

The Brits think so, calling 2010 a lot like 1932.  Voices of reason generally are calling for austerity measures to avoid a Greek debt spiral, while others (not counting the crackpot Krugman) insist that any belt-tightening must be accompanied by “ultra-loose” monetary policy.  I am not an economist.  And to point out now that monetary policy has been too loose for years (it has been) is not constructive.  We’re in the mess now.  We’ve had 70 some odd years to analyze, dissect and learn from the Depression–and no one has a clue.  I’m hearing from some quarters that we are at a stand or fall watershed moment in America, where failure means civil war.  Elsewhere we read of the end of the road for our financial system, spelling the end of our country as we know it.  But there are Pollyannas still out there.

I don’t have the answer.  But I do have a prediction:  our economy and markets are set for long term stagnation if our government continues on its current decision making course.  Things simply will not recover as we, especially those of us who entered the job market in the 1990s, think of recovery.  There are too many weights pinning us down, and there are more governmental tent pegs headed our way.  And this is best case.  Add in an exogenous event, most likely a bad one (e.g., terrorist attack on U.S. soil, Middle East conflagration, nuclear attack, etc.), and worst case scenario could be really really bad.

God knows we need strong wise leaders to rise up.  These are troubled times indeed.

Dissension in the ranks: Kristol wants Steele out

July 2, 2010

This is an interesting development.

Happy 4th of July! Appreciating liberty…

July 2, 2010

And remembering those who fought so we could be free.

Are you for or against the annihilation of the Jews?

July 2, 2010

David Horowitz fleshes out a genocidal Jew-hater on the University of California campus.  Unbelievable.

Thanks to Robert Avrech and for this.

Austerity, Margaret Thatcher and War

July 2, 2010

A fascinating piece by Zero Hedge and Dylan Grice (SocGen) on what it took (war) for the British public to relax, embrace austerity and learn to love Maggie.