Showing posts with label "The Birth of A Nation". Show all posts
Showing posts with label "The Birth of A Nation". Show all posts

Sunday, August 14, 2011

"The Sun Never Sets On The British Welfare System" (Ann Coulter, We.10Aug11)

"Coming to America." -- rfh
From: kd Sent: Friday, August 12, 2011 Subject: The Sun Never Sets On The British Welfare System
The Sun Never Sets On The British Welfare System
  By Ann Coulter, Human Events, We.10Aug11
     Those of you following the barbaric rioting in Britain will not have failed to notice that a sizable proportion of the thugs are white, something not often seen in this country.
     Not only that, but in a triumph of feminism, a lot of them are girls.  Even the "disabled" (according to the British benefits system) seem to have miraculously overcome their infirmities to dash out and steal a few TVs.
     Congratulations, Britain!  You've barbarized your citizenry, without regard to race, gender or physical handicap!
     With a welfare system far more advanced than the United States, the British have achieved the remarkable result of turning entire communities of ancestral British people into tattooed, drunken brutes.
     I guess we now have the proof of what conservatives have been saying since forever: Looting is a result of liberal welfare policies.  And Britain is in the end stages of the welfare state.
     In 2008, a 9-year-old British girl, Shannon Matthews,
 disappeared on her way home from a school trip.  The media leapt on the case -- only to discover that Shannon was one of seven children her mother, Karen, had produced with five different men.
     The first of these serial sperm-donors explained: "Karen just goes from one bloke to the next, uses them to have a kid, grabs all the child benefits and moves on."
     Poor little Shannon eventually turned up at the home of one of her many step-uncles -- whose ex-wife, by the way, was the mother of six children with three different fathers.
     (Is Father's Day celebrated in England? If so, how?)
     The Daily Mail (London) traced the family's proud Anglo ancestry of stable families back hundreds of years.  
The Nazi war machine couldn't break the British, but the modern welfare state has.
     A year earlier, in 2007, another product of the new order, Fiona MacKeown, took seven of her eight children (by five different fathers) and her then-boyfriend, on a drug-fueled, six-month vacation to the Indian island of Goa.  The trip was paid for -- like everything else in her life -- with government benefits.
     (When was the last time you had a free, six-month vacation?  I'm drawing a blank, too.)
     While in Goa, Fiona took her entourage on a side-trip, leaving her 15-year-old daughter, Scarlett Keeling, in the capable hands of a 25-year-old local whom Scarlett had begun sleeping with, perhaps hoping to get a head-start on her own government benefits.  A few weeks later, Scarlett turned up dead, full of drugs, raped and murdered.
     Scarlett's estranged stepfather later drank himself to death, while her brother Silas announced on his social networking page: "My name is Si, n I spend most my life either out wit mates get drunk or at partys, playing rugby or going to da beach (pretty s**t really)."
          It's a wonder that someone like Silas, who has never worked, and belongs to a family in which no one has ever worked, can afford a cellphone for social networking.  No, actually, it's not.
     Britain has a far more redistributive welfare system than France, which is why France's crime problem is mostly a matter of Muslim immigrants, not French nationals.  Meanwhile, England's welfare state is fast returning the native population to its violent 18th-century highwaymen roots.
     Needless to say, Britain leads Europe in the proportion of single mothers and, as a consequence, also leads or co-leads the European Union in violent crime, alcohol and drug abuse, obesity and sexually transmitted diseases.
     But liberal elites here and in Britain will blame anything but the welfare state they adore.  They drone on about the strict British class system or the lack of jobs or the nation's history of racism.
     None of that explains the sad lives of young Shannon Matthews and Scarlett Keeling, with their long English ancestry and perfect Anglo features.
     Democrats would be delighted if violent mobs like those in Britain arose here -- perhaps in Wisconsin!  That would allow them to introduce yet more government programs staffed by unionized public employees, as happened after the 1992 L.A. riots and the 1960s race riots, following the recommendations of the Kerner Commission.
     MSNBC might even do the unthinkable and offer Al Sharpton his own TV show.  (Excuse me -- someone's trying to get my attention ... WHAT?)
     Inciting violent mobs is the essence of the left's agenda: Promote class warfare, illegitimate children and an utterly debased citizenry.
     Like the British riot girls interviewed by the BBC, the Democrats tell us "all of this happened because of the rich people."
     We're beginning to see the final result of that idea in Britain.  The welfare state creates a society of beasts.  Meanwhile, nonjudgmental elites don't dare condemn the animals their programs have created.
     Rioters in England are burning century-old family businesses to the ground, stealing from injured children lying on the sidewalks and forcing Britons to strip to their underwear on the street.
     I keep reading that it's because they don't have jobs -- which they're obviously anxious to hold.  Or someone called them a "kaffir."  Or their social services have been reduced.  Or their Blackberries made them do it.  Or they disapprove of a referee's call in a Manchester United game.
     A few well-placed rifle rounds, and the rioting would end in an instant.  A more sustained attack on the rampaging mob might save England from itself, finally removing shaved-head, drunken parasites from the benefits rolls that Britain can't find the will to abolish on moral or utilitarian grounds.  We can be sure there's no danger of killing off the next Winston Churchill​ or Edmund Burke​ in these crowds.
     But like Louis XVI, British authorities are paralyzed by their indifference to their own civilization.  A half-century of berating themselves for the crime of being British has left them morally defenseless.  They see nothing about England worth saving, certainly not worth fighting for -- which is fortunate since most of their cops don't have guns.
     This is how civilizations die. It can happen overnight, as it did in Revolutionary France​.  If Britain of 1939 were composed of the current British population, the entirety of Europe would today be doing the "Heil Hitler" salute and singing the "Horst Wessel Song."

Human EventsAnn Coulter is Legal Affairs Correspondent for HUMAN EVENTS and author of High Crimes and Misdemeanors, Slander, Treason, How to Talk to a Liberal (If You Must), Godless, If Democrats Had Any Brains, They'd Be Republicans, Guilty: Liberal "Victims" and their Assault on America, and the forthcoming Demonic: How The Liberal Mob Is Endangering AmericaYou can also follow Ann Coulter and Human Events on FACEBOOK. Click Here to Become a Fan: http://www.facebook.com/humaneventsmedia

Tuesday, July 12, 2011

2nd Amendment - ATF Director testifies against Obama plot

Isn't about time that Congress wakes and acknowledges the BATFE abuses and abolish the agency?  Plus, the DOJ, the DEA & the FBI should be curtailed from conducting nefarious activities.  Citizens' Constitutional Rights and the sovereignty of states & foreign countries should be protected by agents of the United States government, especially since they are sworn to protect the U.S. and defend the Constitution against all enemies, foreign and domestic, while protecting the rights of the citizenry. -- rfh
 "An informed citizenry is the only true repository of the public will." -- Thomas Jefferson
From: rapa Sent: Tuesday, July 12, 2011 Subject: ATF Director testifies against Obama plot
Good for Melson.  It appears that he spoke out when he realized he was about to become the DOJ's sacrificial goat. -- rapa

Issa, Grassley: DOJ Obstructed Mexican Guns Probe
By Martin Gould and Abigail Walls, NewsMax.com
     The top man in the Bureau of Alcohol, Tobacco and Firearms (ATF) has turned sensationally against his Department of Justice bosses saying they were trying to stymie an investigation into the Operation Fast and Furious scandal.
     Kenneth Melson, acting director of the ATF, gave a secret deposition to Congress on July 4, it was revealed today.  He took his own lawyer instead of relying on one from the ATF.
     The stunning move will increase pressure on Attorney General Eric Holder to resign over the operation that saw some 2,000 guns sold to straw buyers who then sold them to Mexican drug cartel leaders.
     But Fast and Furious and its sister plan, Project Gunrunner, went disastrously wrong, and 80 percent of the weapons went missing.  Two were found at the Arizona site where Border Agent Brian Terry was killed in December.
     Republicans leading the investigation in both the House and Senate wrote a stinging letter to Holder yesterday informing him of Melson's move, calling it "extremely helpful to our investigation.
     Rep. Darrell Issa and Sen. Charles Grassley wrote, "He was candid in admitting mistakes that his agency made and described various ways he says that he tried to remedy the problems."
     Issa and Grassley said Melson claimed that ATF's senior leadership would have preferred to be more cooperative with the congressional probe.
     "However, he said that Justice Department officials directed them not to respond and took full control of replying to briefing and document requests from Congress.  The result is that Congress only got the parts of the story that the Department wanted us to hear," they wrote.
     "If his account is accurate, then ATF leadership appears to have been effectively muzzled while the DoJ sent over false denials and buried its head in the sand."
     Issa and Grassley also said that Melson claimed that the Justice Department falsely leaked stories to the press that he was about to resign over Fast and Furious.  They warned Holder against firing him now.  "It would be inappropriate for the Justice Department to take action against him that could have the effect of intimidating others who might want to provide additional information to the Committees."
     "Knowing what we know so far, we believe it would be inappropriate to make Mr. Melson the fall guy in an attempt to prevent further congressional oversight," they concluded.
     Just last week, Iowa Sen. Grassley told Newsmax.TV that he did not want to see Melson quit because one resignation would make it seem like the matter was over.  "There are too many people involved in it for me to be satisfied with one resignation," he said at the time.
     In their letter Grassley and California's Issa said Melson had been scheduled to give evidence on July 13 but brought the date forward when he realized he could take his own lawyer, Richard Cullen.
     "We are disappointed that no one had previously informed him of that provision of the agreement," the two GOP members wrote.
     "Instead, Justice Department officials sought to limit and control his communications with Congress.  This is yet another example of why direct communications with Congress are so important and are protected by law."
     The release of the letter came on the same day that Mexican officials said that any officer accused of supplying guns to the cartels should be tried in Mexico.
     "I feel my country's sovereignty was violated," Sen. Rene Arce Islas, the chairman of Mexico's Commission for National Security, told Fox News.  "They should be tried in the United States, and the Mexican government should also demand that they also be tried in Mexico since the incidents took place here.  There should be trials in both places."
     Operation Fast and Furious came to a head on Dec. 14, when Terry was killed in a scuffle along a smuggling route close to the Mexican border, and assault rifles found at the murder scene were traced back to Jaime Avila, who had bought them from a Phoenix gun shop.
     Avila had been allowed to buy the assault weapons even though the ATF suspected he would sell them to the drug cartels.  The plan was to trace the guns, with the hope of leading ATF agents to the drug kingpins.
     Even before Terry's murder, ATF agents and senior managers had expressed fierce opposition to the policy.  One agent called the strategy "insane."
     Another said, "We were fully aware the guns would probably be moved across the border to drug cartels where they could be used to kill."
     For months, ATF agents followed 50-caliber Barrett rifles and other guns believed headed for the Mexican border but were ordered to let these highly dangerous weapons go.
     CBS reports that one distraught agent often was overheard on ATF radios begging and pleading to be allowed to intercept transports.  The answer: "Negative.  Stand down."
     The Department of Justice, which oversees the ATF, claimed in a letter that the agency never knowingly permitted the sale of assault weapons to suspected gunrunners.
© Newsmax. All rights reserved.

Monday, July 11, 2011

o'quantitative - Why QE2 Failed: "The Money All Went Offshore" (Ellen Brown, GR)

From: kd Sent: Monday, July 11, 2011 Subject:  Ellen Brown: Why QE2 Failed - The Money All Went Offshore
We all knew we had been had but what could we have done about it?
Remember when we next vote out every rat incumbant. ...KD


The url address of this article is: www.globalresearch.ca/index.php?context=va&aid=25566
Why QE2 Failed: The Money All Went Offshore
By Ellen Brown, Global Research, July 9, 2011
     On June 30, QE2 ended with a whimper.  The Fed's second round of "quantitative easing" involved $600 billion created with a computer keystroke for the purchase of long-term government bonds.  But the government never actually got the money, which went straight into the reserve accounts of banks, where it still sits today.  Worse, it went into the reserve accounts of FOREIGN banks, on which the Federal Reserve is now paying 0.25% interest. 
     Before QE2 there was QE1, in which the Fed bought $1.25 trillion in mortgage-backed securities from the banks.  This money too remains in bank reserve accounts collecting interest and dust.  The Fed reports that the accumulated excess reserves of depository institutions now total nearly $1.6 trillion.    
     Interestingly, $1.6 trillion is also the size of the federal deficit – a deficit so large that some members of Congress are threatening to force a default on the national debt if it isn't corrected soon. 
     So here we have the anomalous situation of a $1.6 trillion hole in the federal budget, and $1.6 trillion created by the Fed that is now sitting idle in bank reserve accounts.  If the intent of "quantitative easing" was to stimulate the economy, it might have worked better if the money earmarked for the purchase of Treasuries had been delivered directly to the Treasury.  That was actually how it was done before 1935, when the law was changed to require private bond dealers to be cut into the deal.   
     The one thing QE2 did for the taxpayers was to reduce the interest tab on the federal debt.  The long-term bonds the Fed bought on the open market are now effectively interest-free to the government, since the Fed rebates its profits to the Treasury after deducting its costs.   
     But QE2 has not helped the anemic local credit market, on which smaller businesses rely; and it is these businesses that are largely responsible for creating new jobs.  In a June 30 article in the Wall Street Journal titled "Smaller Businesses Seeking Loans Still Come Up Empty," Emily Maltby reported that business owners rank access to capital as the most important issue facing them today; and only 17% of smaller businesses said they were able to land needed bank financing.      
How QE2 Wound Up in Foreign Banks 
     Before the Banking Act of 1935, the government was able to borrow directly from its own central bank.  Other countries followed that policy as well, including Canada, Australia, and New Zealand; and they prospered as a result.  After 1935, however, if the U.S. central bank wanted to buy government securities, it had to purchase them from private banks on the "open market."  Former Fed Chairman Marinner Eccles wrote in support of an act to remove that requirement that it was intended to keep politicians from spending too much.  But all the law succeeded in doing was to give the bond-dealer banks a cut as middlemen.   
     Worse, it caused the Fed to lose control of where the money went.  Rather than buying more bonds from the Treasury, the banks that got the cash could just sit on it or use it for their own purposes; and that is apparently what is happening today.
     In carrying out its QE2 purchases, the Fed had to follow standard operating procedure for "open market operations": it took secret bids from the 20 "primary dealers" authorized to sell securities to the Fed and accepted the best offers.  The problem was that 12 of these dealers – or over half -- are U.S.-based branches of foreign banks (including BNP Paribas, Barclays, Credit Suisse, Deutsche Bank, HSBC, UBS and others); and they evidently won the bids.   
     The fact that foreign banks got the money was established in a June 12 post on Zero Hedge by Tyler Durden (a pseudonym), who compared two charts: the total cash holdings of foreign-related banks in the U.S., using weekly Federal Reserve data; and the total reserve balances held at Federal Reserve banks, from the Fed's statement ending the week of June 1.  The charts showed that after November 3, 2010, when QE2 operations began, total bank reserves increased by $610 billion.  Foreign bank cash reserves increased in lock step, by $630 billion -- or more than the entire QE2.  



     In a June 27 blog, John Mason, Professor of Finance at Penn State University and a former senior economist at the Federal Reserve, wrote:  
     In essence, it appears as if much of the monetary stimulus generated by the Federal Reserve System went into the Eurodollar market. This is all part of the "Carry Trade" as foreign branches of an American bank could borrow dollars from the "home" bank creating a Eurodollar deposit. . . .
     Cash assets at the smaller [U.S.] banks remained relatively flat . . . . Thus, the reserves the Fed was pumping into the banking system were not going into the smaller banks. . . .  
[B]usiness loans continue to "tank" at the smaller banking institutions. . . .
     The real lending by commercial banks is not taking place in the United States. The lending is taking place off-shore, underwritten by the Federal Reserve System and this is doing little or nothing to help the American economy grow.  
Tyler Durden concluded: 
. . . [T]he only beneficiary of the reserves generated were US-based branches of foreign banks (which in turn turned around and funnelled the cash back to their domestic branches), a shocking finding which explains . . . why US banks have been unwilling and, far more importantly, unable to lend out these reserves . . . .  
. . . [T]he data above proves beyond a reasonable doubt why there has been no excess lending by US banks to US borrowers: none of the cash ever even made it to US banks! . . . This also resolves the mystery of the broken money multiplier and why the velocity of money has imploded. 
     Well, not exactly.  The fact that the QE2 money all wound up in foreign banks is a shocking finding, but it doesn't seem to be the reason banks aren't lending.  There were already $1 trillion in excess reserves sitting idle in U.S. reserve accounts, not counting the $600 billion from QE2. 
     According to Scott Fullwiler, Associate Professor of Economics at Wartburg College, the money multiplier model is not just broken but is obsolete.  Banks do not lend based on what they have in reserve.  They can borrow reserves as needed after making loans.  Whether banks will lend depends rather on (a) whether they have creditworthy borrowers, (b) whether they have sufficient capital to satisfy the capital requirement, and (c) the cost of funds – meaning the cost to the bank of borrowing to meet the reserve requirement, either from depositors or from other banks or from the Federal Reserve. 
Setting Things Right
     Whatever is responsible for causing the local credit crunch, trillions of dollars thrown at Wall Street by Congress and the Fed haven't fixed the problem.  It may be time for local governments to take matters into their own hands.  While we wait for federal lawmakers to get it right, local credit markets can be revitalized by establishing state-owned banks, on the model of the Bank of North Dakota (BND).  The BND services the liquidity needs of local banks and keeps credit flowing in the state.  For more information, see here and here.  
     Concerning the gaping federal deficit, Congressman Ron Paul has an excellent idea: have the Fed simply write off the federal securities purchased with funds created in its quantitative easing programs.  No creditors would be harmed, since the money was generated out of thin air with a computer keystroke in the first place.  The government would just be canceling a debt to itself and saving the interest. 
     As for "quantitative easing," if the intent is to stimulate the economy, the money needs to go directly into the purchase of goods and services, stimulating "demand."  If it goes onto the balance sheets of banks, it may stop there or go into speculation rather than local lending -- as is happening now.  Money that goes directly to the government, on the other hand, will be spent on goods and services in the real economy, creating much-needed jobs, generating demand, and rebuilding the tax base.  To make sure the money gets there, the 1935 law forbidding the Fed to buy Treasuries directly from the Treasury needs to be repealed. 


Ellen Brown is an attorney and president of the Public Banking Institute, http://PublicBankingInstitute.org. In Web of Debt, her latest of eleven books, she shows how the power to create money has been usurped from the people, and how we can get it back. Her websites are http://webofdebt.com and http://ellenbrown.com  Please support Global Research -- Global Research relies on the financial support of its readers.  Your endorsement is greatly appreciated -- Subscribe to the Global Research e-newsletter


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bcc'd "red diaper babies"