Category Archives: Class Warfare

We Failed To Heed His Advice

The John Birch Society (JBS) is an American political advocacy group that supports anti-communism, limited government, and a constitutional republic. It has been described as radical right, and from its earliest days has faced much ridicule and derision from mainstream and leftist opposition. However, it's obvious that we failed to heed the advice Welch offered in this video, and now we are paying dividends to those forces he rightfully opposed.

Established in Indianapolis, Indiana, on December 9, 1958, by a group of 12 led by Robert Welch, Jr., a retired candy manufacturer from Belmont, Massachusetts. Welch named the new organization after John Birch, an American Baptist missionary and United States military intelligence officer who had been shot by communist forces in China in August 1945, shortly after the conclusion of World War II. Welch claimed that Birch was an unknown but dedicated anti-communist, and the first American casualty of the Cold War.

Welch developed an elaborate organizational infrastructure in 1958 that enabled him to keep a very tight rein on the chapters. After an early rise in membership and influence, opposing efforts by people like conservative William F. Buckley, Jr. and The National Review led the JBS to be identified as a fringe element of the conservative movement, mostly in fear of the radicalization of the American right. It should be noted that oil industrialist Fred C. Koch, founder of Koch Industries, and father of the infamous brothers Charles and David Koch still operating today, was one of the Society's founding members.

A Clockwork Tenacity: Strategic Debt Defaulting On The Rise

banks-cash
The Obscene Activity

REAL ESTATE. ANOTHER SPLENDID EXAMPLE OF THE NOW not so misty ‘global conspiracy picture’ gaining clarity with a few more brush strokes of reality. This is just another facet of, and a continuation of the top down intentional pitting of the prudent against the not so prudent for control and elimination. This ballsy fact of a clockwork tenacity pushing for irresponsible financial activity goes well beyond instilling deflective jealousy and is more focused on creating anger and hate as strategic debt defaulting continues to rise thanks to the stranglehold the banks have on the economy.

And they've learned not a shred of hope is coming from DC or anywhere else...

This push is an integral part of the larger global divide and conquer scheme whereby the rich eliminate the high resource consuming, expensive to maintain, and always threatening middle class, and replace it with a low cost, non threatening, low brow, law enforcement class with the ultimate goal being a two tier ruler and ruled world. It's the warm and wonderful industrious Germans against those lazy shiftless Greeks. It is Pernicious Greed replacing good old fashioned Vanilla Greed. It's the same brutal squag in a different suit!

Now we understand that the grit of life is politics. The backlash will be strengthened and hastened by having ready a fair alternative to the end of all of this socially destructive parasitic voodoo whereby economics is falsely and deceptively separated from politics—namely—a very transparent, INTEREST FREE, alternative utility banking system that is controlled by the people.

Come on kids—it is time to pump up the volume of resistance while you still have a few resources remaining! It is time for election boycotts! Deception is the strongest political force on the planet.

A sad reckoning, but then Diogenes contributed his own two cents, adding to the profound real estate bust many of us are feeling:

I live in Phoenix. I know many people who can pay, but are preparing to walk. While Case-Shiller indicates that Phoenix is down 55% from the peak, I can tell you that, in many areas, it is much more than this. Case in point: a Scottsdale friend that bought a $950k house to live in, with a healthy down payment, now worth $350k.

At a recent dinner party, this was all everyone discussed. Lots of people are buying new cars, some are buying new townhouses or small homes, and others renting apartments while their credit is good, in anticipation of defaulting. Perhaps this was why consumer spending jumped a month or so ago? Most of these poeple put 20% or more down, but are profoundly under water, and may not see a recovery in their lifetime. And they see not a shred of hope coming from DC or anywhere else…

Considerations On Such Height

Snd then there were none. Well, there is still the dazed and confused Taliban-loving Patti Smith, strutting her prayer rug into the clouds of another piston in effort of the poor devils groveling at her feet. But after Ginsberg and Burroughs left the beat in the late 90s, andCorso ducked behind the curtain in 2001, Jim Carroll was damn near the final nail in the famous and infamous Beat Generation tool shed annex to fade to rust.

Carroll contributed an untitled poem to the pages of Rolling Stone at the height of his rock and roll stardom:

    It’s sad this vision required such height.
    I’d have preferred to be down with the others, in the stadium.
    They know the terror of birds.
    I am left, instead, with the deep drone...
    The urgency to deliver light, as if it
    were some news from the far galaxies.

From Issue 321 — July 10, 1980

Jim Carroll was 60. Actor and dancer Patrick Swayze also died this week of pancreatic cancer. He was 57.

Frivolous Complaints Against Palin

Palin 709
Sarah Palin

SARAH PALIN, strategic winner? With of eight complaints in one ruling, the evidence continues to redeem the the great surge of feeling many of us had when we first heard Gov. Sarah Palin speak to the American people that night at the Republican National Convention in Denver. The governor today welcomed the news that yet another ethics complaint against her has been officially found to lack merit and has been dismissed. Notably, Michael Geraghty, investigator for the State Personnel Board, concluded that there is no need for a hearing on the complaint filed in March by Andree McLeod, who has been a vocal critic of the governor since being denied employment with the state last year.

This is the 13th ethics complaint against the governor or her staff that has been resolved with no finding of a violation of the executive ethics act. A few more are pending.

"While the complaint process under the ethics act can be a useful tool for holding state officials accountable, it's obvious that political opponents of the governor have been abusing the system, attempting to turn their resentments into legal issues," said Bill McAllister, the governor's communications director. "We're grateful that the personnel board and its investigators have taken a rational approach to these matters, finding that the vast majority of the complaints did not even warrant the collection of evidence because they failed to assert any violation of the law."

McLeod's complaint, amended several times since it was first filed, made eight separate allegations against the governor. McLeod said that there were two matters showing an improper connection between the governor's office and her political action committee; that two comments made by McAllister about the governor's travel plans were political in nature; that the governor's trip to Evansville, Indiana, for a right to life event used state resources, and that she improperly accepted gifts there, including chocolate, baked goods and a hockey stick from a youth hockey group; that the governor's daughter, Bristol, used state resources in her efforts on behalf of the Candies Foundation; and that the governor's press release concerning her selection as a vice presidential candidate was improper. Geraghty found all of the allegations to be baseless and not worthy of an investigation.

Read more here.

While we're on this topic, let me speak plainly. For all her supposed flaws and refreshing common sense which suffers in short supply these days, I still like this woman. I hope to see her taking aim at a few mooseheads along the campaign trail, circa 2012. Who knows? I might even vote for her again, given the right opportunity. As for those who scorn her and laugh at her precious Jesus of Nazareth, well, we at the Two-Fisted Quorum have regrettably seen it all before.

Let's see those same yippie yappers cringe at the Mohammed of Medina (who according to the Qu'ran was made victorious by terror) with the same feckless generosity of spirit they reserve for Gov. Palin and her family. Nope. Didn't think so.

China Continues To Leverage Resources

mining-boom-2013
China Buying Up World Resources...

SHANGHAI—bustling Chinese companies have been on a shopping spree in the past month, snapping up tens of billions of dollars' worth of key assets in Iran, Brazil, Russia, Venezuela, Australia and France in a global fire sale set off by the financial crisis.

The deals have allowed China to lock up supplies of oil, minerals, metals and other strategic natural resources it needs to continue to fuel its growth. The sheer scope of the agreements marks a shift in global finance, roiling energy markets and feeding worries about the future availability and prices of those commodities in other countries that compete for them, including the United States.

Just a few months ago, many countries were greeting such overtures from China with suspicion. Today, as corporations and banks in other parts of the world find themselves reluctant or unable to give out money to distressed companies, cash-rich China has become a major force driving new lending and investment.

On Feb. 12, China's state-owned metals giant Chinalco signed a $19.5 billion deal with Australia's Rio Tinto that will eventually double its stake in the world's second-largest mining company.

Nn three other cases, China has used loans as a way of securing energy supplies. On Feb. 17 and 18, China National Petroleum signed separate agreements with Russia and Venezuela under which China would provide $25 billion and $4 billion in loans, respectively, in exchange for long-term commitments to supply oil. And on Feb. 19, the China Development Bank struck a similar deal with Petrobras, the Brazilian oil company, agreeing to a loan of $10 billion in exchange for oil.

On Saturday, Iran announced that it had signed a $3.2 billion agreement with a Chinese consortium to develop an area beneath the Persian Gulf seabed that is believed to hold about 8 percent of the world's reserves of natural gas.

Even as global financial flows have slowed sharply overall, China has dramatically stepped up its outbound investment. In 2008, its overseas mergers and acquisitions were worth $52.1 billion—a record, according to the research firm Dealogic. In January and February of this year, Chinese companies invested $16.3 billion abroad, meaning that if the pace holds, the total for 2009 could be nearly double last year's.

Worldwide, the value of mergers and acquisitions transactions so far this year has dropped 35 percent to $384 billion. By comparison, the United States had $186.2 billion in outbound mergers and acquisitions in 2008 and Japan had $74.3 billion.

China's state-run media outlets are calling the acquisition spree an opportunity that comes once in a hundred years, and analysts are drawing parallels to 1980s Japan.

"That China started investing or acquiring some overseas mineral resources companies with relatively low prices during the global economic crisis is quite a normal practice. Japan did the same thing in its prime development period, too," said Xu Xiangchun, consulting director for Mysteel.com, a market research and analysis firm.

It's not just Chinese corporations that are taking advantage of the economic crisis to help others while helping themselves.

The Chinese government also has come to the rescue of ailing countries, such as Jamaica and Pakistan, that it wants as allies, extending generous loans. Even Chinese consumers are taking their money abroad. In a shopping trip last month organized by an online real estate brokerage, a group of 50 individual investors from China traveled to New York, Los Angeles and San Francisco to purchase homes at prices that have crashed since the subprime crisis.

Read it all.

Why America, Why?

The fine line between the nanny state hypothesis of the Left and the police state of the Right was drawn even fuzzier today. The Big Round-up appears closer than ever. But to some of us, this is no surprise. Clinging to the last shreds of constitutional glory left to us by this modern state, we tremble even as this shred is melting away from our clutches with every despicable new sway of the three branches representing "we the people" not so much by the book as off the books, preparing this century for the lures of warfare, chaos, much bloodshed and weeping.

fema-camp-soldier-dog-fence
Prepared For The Worst

POLICE STATE ALERT—Rep. Alcee L. Hastings, D-Fla., has introduced to the House of Representatives a new bill, H.R. 645, calling for the secretary of homeland security to establish no fewer than six national emergency centers for corralling civilians on military installations.

The proposed bill, which has received little mainstream media attention, appears designed to create the type of detention center that those concerned about use of the military in domestic affairs fear could be used as concentration camps for political dissidents, such as occurred in Nazi Germany.

Heed the warning of a former Hitler Youth who sees America on the same path as pre-Nazi Germany in "Defeating the Totalitarian Lie" by Hilmer Von Campe.

The bill also appears to expand the president's emergency power, much as the executive order signed by President Bush on May 9, 2007, that gave the president the authority to declare an emergency and take over the direction of all federal, state, local, territorial and tribal governments without even consulting Congress.

World News Daily has also reported that DHS has awarded a $385 million contract to Houston-based KBR, Halliburton's former engineering and construction subsidiary, to build temporary detention centers on an "as-needed" basis in national emergency situations.

According to the text of the proposed bill, the purpose of the National Emergency Centers is "to provide temporary housing, medical, and humanitarian assistance to individuals and families dislocated due to an emergency or major disaster." Three additional purposes are specified in the text of the proposed legislation:

  • To provide centralized locations for the purposes of training and ensuring the coordination of federal, state and local first responders;
  • To provide centralized locations to improve the coordination of preparedness, response and recovery efforts of government, private, not-for-profit entities and faith-based organizations;
  • To meet other appropriate needs, as defined by the secretary of homeland security.

The broad specifications of the bill's language, however, contribute to concern that the "national emergency" purpose could be utilized by the secretary of homeland security to include any kind of situation the government wants to contain or otherwise control.

Rep. Hastings created controversy during the 2008 presidential campaign with his provocative comments concerning Republican vice presidential candidate Sarah Palin. "If Sarah Palin isn't enough of a reason for you to get over whatever your problem is with Barack Obama, then you damn well had better pay attention," Hastings said, as reported by ABC News. "Anybody toting guns and stripping moose don't care too much about what they do with Jews and blacks. So, you just think this through."

H.R. 645, which seeks to allocate $360 million for developing the emergency centers, has been referred to the House Committee on Transportation and Infrastructure and to the Committee on Armed Services.

The Fraud, The Fix, The Fool

Andy Kessler of the WSJ has piped in with some good news in the works which should help ease the tensions of us little folks seared with doubts and fears over this Wall Street monstrosity. But then, why in the world should we believe the holy writ of the very folks who is supposed to scrutinize the swindlers who nuanced this mess?

hayek_stone
Salma Hayek and Oliver Stone Doing the Universal Grope...

IN 1992, HEDGE FUND MANAGER George Soros made $1 billion betting against the British pound. In 2007, John Paulson's Credit Opportunities fund correctly bet against subprime mortgages, clearing $15 billion for the year and $3.7 billion for him. Warren Buffett is now hoping to make big money on Goldman Sachs. But these are small-time deals. My analysis suggests that Treasury Secretary Henry Paulson (a former investment banker, no less, not a trader) may pull off the mother of all trades, which could net a trillion dollars and maybe as much as $2.2 trillion—yes, with a "t"— for the United States Treasury.

Here's what's happened so far. New technology like electronic trading meant that Wall Street's bread-and-butter business of investment banking and trading stocks stopped making much money years ago. So investment banks took their enormous capital and at first packaged yield-enhanced, subprime mortgage loans into complex derivatives such as collateralized debt obligations (CDOs). Eventually and stupidly, these institutions owned them for themselves—lots of them, often at 30-to-1 leverage. The financial products were made "safe" by insurance products known as credit default swaps, a credit derivative from companies such as AIG. When housing turned down, the mortgages and derivatives were worth a lot less and no one would lend Wall Street money anymore.

Then the piling on started. Hedge funds could short financial stocks and then bid down the prices of CDOs stuck on Wall Street's balance sheets. This was pretty easy to do in an illiquid market. Because of the Federal Accounting Standards Board's mark-to-market 157 rule, Wall Street had to write off the lower value of these securities and raise more capital, diluting shareholders. So the stock prices would drop, which is what the shorts wanted in the first place. It was all legit.

There is a saying on Wall Street that goes, "The market can stay irrational longer than you can stay solvent." Long Term Capital Management learned this lesson 10 years ago when it got its portfolio picked off by Wall Street as its short-term financing dried up. I had thought the opposite—hedge funds picking off Wall Street—would happen today. But in a weird twist, it's the government that is set up to win the prize.

Read it all.

The Fraud, The Fix, The Fool.