9 Eleven: Revisiting The First Draft Of History (September 12, 2016)

Posted in Iran, Iraq, Terrorism, Terrorism-Free Month - June, The "Terrorist Tax", War on September 12, 2016 by e-ssay.org

. . .

Intended Consequences In Iraq (August 3, 2015)

World Trade Center Building 7 And The AIA (May 18, 2015)

Giuliani – Draft Dodger And Chickenhawk (March 3, 2015)

Iraq:  Right On Track (June 16, 2014)

Bulk Collection Of Telephony Data.  Again. (December 16, 2013)

“Iraq” Is Arabic For “Vietnam” (March 18, 2013)

The Drums of War (February 20, 2012)

Iraq:  AGFPT.  Iran:  AGFPT II? (January 2, 2012)

Iraq:  Shock and Awe; Shocking and Awful (September 6, 2010)*

Shop While They Drop – The $2.99 Sacrifice (May 7, 2007)

Gettysburg and Iraq (October 30, 2006)

Staying the Collision Course In Iraq and The Mid-East (September 25, 2006)

Still Off Course (September 18, 2006)

The Virtues of an Iraqi Civil War (April 17, 2006)

. . .

Bumper sticker of the week:

“Those who cannot remember . . . .”  Santayana, The Life of Reason (1905)

The Mandibles, FRNs, SDRs, IMF, G20, WTD! (September 5, 2016)

Posted in Book Reference, Collapse, Courts, Debt/Deficits, Dollar - World's Reserve Currency, Federal Reserve, Gold, Gold Standard, INFORM Act, International Finance, International Monetary Fund, Journalism, Money, Newspapers, Petrodollar, Press/Media, SDR - Special Drawing Rights, Special Drawing Rights (SDR), World's Reserve Currency on September 5, 2016 by e-ssay.org

. . .

X          “Some of the folks at the G20 Summit may kick around the possible composition of the ‘Special Drawing Rights’ that is emerging as the new world’s reserve currency.  The International Monetary Fund formally sets the composition of the SDRs, yet the major players gathered in China yesterday to discuss such matters.  A thing is now being described as a right.”

Z          “Sounds like they are creating a right to reach first for your gun.”

X          “Or they are sketching a new picture of the economic future based on rights rather than on power and circumstance.”

Z          “Or someone special who has been allowed to have the only gun in the great currency gunfight now must play well with others who are suitably armed.”

X          “Or the one with the big gun is now being disarmed.”

. . .

X          “Felicitous publication really.”

Z          “Timely, even.  The times they are changin’ the way we will make change in the near future.”

X          “In The Mandibles, Lionel Shriver adopts Keynes’ term ‘Bancor’ rather than the new age term ‘SDR’ to describe supplementary foreign exchange reserve assets.  As the U.S. Petrodollar slips as the world’s reserve currency and then as the dominant component of the SDR/Bancor, the United States people will slip to second-world status in the world.”

Z          “The way I describe it, when the Petrodollar is no longer the big dog, the United States is no longer the leader of the pack.”

X          “Prices will increase and perhaps double in short order before more structural disorder devolves.  Our McMansions still will sport baroque brushed nickel bathroom fixtures in the multiple bathrooms, yet in due course the water coursing through the corroding pipes will be increasingly intermittent and decreasingly safe.”

Z          “Many of us have those problems now while everything appears to be dory hunky.”

. . .

X          “Her description of the human consequences is very plausible, yet her explanation for the underlying causes is only partially complete.  Contemporary economic doctrine is exposed as voodoo and a specious secular religion that rationalizes those in power acquiring and retaining wealth.  The entitlement Ponzi scheme receives appropriate blame.  The pernicious involvement of the Federal Reserve is alluded to obliquely, yet the entrenched corruption and incompetence in every quarter are not addressed.”

Z          “She does not describe the institutions that are failing systematically and simultaneously.  Congress, courts, executives and executive agencies, bureaucrats, universities, news outlets, parents, preachers, prophets, you name it.  At some time, a fragile, fractured, fissured and fundamentally weak system of manipulation and intervention will fail with consequence.”

X          “She does observe that the traditional news fashioners are defunct.”

. . .

X          “‘The Chip’ is first described in an e-commentary titled ‘Monitoring The Masses:  The Card And The Chip’ published on January 12, 2015.  She further develops the human impact of implanting ‘The Chip’ to control and corral the masses.  ‘The Chip’ is so much more efficient and effective than the corn chip and football at sating the populace.”

Z          “‘The Chip’ is an electronic lobotomy that is more powerful, pervasive and perverse than fear or drugs.  Technology saves us.  I think that is what one would conclude.  Surely.”

. . .

X          “An empire cannot continue to mimeograph a fiat currency and force it on the rest of the world at great cost and consequence to the rest of the world without the rest of the world demurring at some point.”

Z          “And the rest of the world is becoming restive.”

X          “They are selling SDR-denominated bonds.”

Z          “And they are selling oil without even acknowledging the Petrodollar.”

. . .

X          “In her novel, the people of the United State of Nevada agree that it is ‘dumb,’ but they base their currency on the gold standard.”

. . .

[See the e-commentary at “Monitoring The Masses:  The Card And The Chip (January 12, 2015)”, “Brave 1984 Farm:  The Best Of All Possible Worlds (March 19, 2012)” and the e-commentary on the institutional distractions in our society at “Foot Longs and Football (September 2, 2013).”]

Bumper stickers of the week:

G20 > G7; SDR > FRN; World > USA   

In the intermediate run, a Kleptocracy is unsustainable.

The Court Of Truth And Justice (CTJ) (August 29, 2016)

Posted in Courts, Judges, Judicial Arrogance, Judiciary, Justice, Monopoly, Rackets, Rule of Law on August 29, 2016 by e-ssay.org

. . .

K          “Courts have failed.  Courts exist to make life easy and lucrative for judges and to make money for obliging and cooperative lawyers.”

J          “Just another racket.”

K          “The lawyer’s unwitting role is to lead the public to believe that we live under a system of laws with neutral judges who listen to all arguments and discern the law and facts objectively.”

J          “A lawyer goes on the bench so that he or she can go home early with full and guaranteed pay.”

. . .

K          “We need to create courts that find some truth and do some justice.  Hundreds of years ago in England, the courts of ‘law’ dispensed very little truth or justice and applied a ruthless version of the law.  The market responded and a new court system and court house was established across the street – the court of ‘equity’.  If you fell behind on your house payment, the ‘law’ court would toss you out in the street.  However, go across the street and the ‘equity’ court would give you credit for what you invested in the house and even prevent the law court from tossing you out in the street.”

J          “Isn’t that why they call what you invest in the home – dollars and sweat – the ‘equity’ in your house.  The thing called ‘equity’ in your home was created to address that personal investment in and commitment to the home.”

K          “Exactly.  There are still equitable causes of action and equitable remedies.  Dozens of years ago, all the big legal players decided to merge the ‘law’ court and the ‘equity’ court into one court.  That created a monopoly.  And the courts quickly began to act like monopolists.  They could and do whatever they want to do which is typically to dismiss a case and go home.”

J          “With full and guaranteed pay.  Sounds like the merger of the National Football League and the American Football League into the National Football League in 1970.  Monopoly is bad.”

K          “Monopoly is very bad.  We need to return to our roots and create a new court of ‘equity’ that could be called . . . the ‘Court of Truth and Justice’ to address the genuine legal needs of the populace.”

J          “What you are talking about is what I call restoring the rule of law in America.”

. . .

K          “We need a test case.”

. . .

[See the e-commentary at “Assigning Blame: The Lawyers: 50 Percent; The Non-Lawyer Public: 50 Percent; The Judges: 100 Percent (December 3, 2012).”]

Bumper sticker of the week:

Why not try the rule of law for a week or two?

Immanentize The Eschaton.  Say What? (August 22, 2016)

Posted in Environment, Global Climate Change, Global Warming, Immanentizing The Eschaton, Internet on August 22, 2016 by e-ssay.org

. . .

K          “Do you want to immanentize the eschaton tonight?  We are playing pool at 8.”

J          “That’s what I always say.  You could immanentize the eschaton by playing at the pool.”

. . .

K          “No more trudging to the library, it seems.  The quickest font of information is right there on your Smarty Pants phone.  Get on ‘Ask Jeeves’ and type in ‘Immanentizing the Eschaton’ and see what happens.” 

. . . 

K          “There is a one hundred percent (100%) correlation in the results that has never before been achieved in social sciences research in the history of humankind.  Every single person who does not want to allow others to immanentize the eschaton has already immanentized his or her eschaton.”

J          “There is an opportunity for the contrarians.  Find someone who has not immanentized his or her eschaton who will proclaim that we should not allow others to immanentize the eschaton.”

K          “Your perspective is a function of your position in this life.”

. . . 

[See the e-commentary at “‘It’s Only A Rental.’  The Earth As A Cosmic Doormat.  De-Immanentizing The Eschaton (September 28, 2015).”]

[See “Immanentize the eschaton” in Wikipedia.]

Bumper stickers of the week:

Go ahead, make my day, immanentize the eschaton.

America immanentized the eschaton when the people established the National Park Service on August 25, 1916.  National parks allow us to get back to the garden.

The Gold Standard Revisited  (August 15, 2016)

Posted in Book Reference, Dollar - World's Reserve Currency, Gold, Gold Standard, Money, Nobel Prize, Noble Prize, Petrodollar, SDR - Special Drawing Rights, Silver, Silver Standard on August 15, 2016 by e-ssay.org

. . .

M          “You may be right.”

G          “I don’t want to be right.  But you just cannot trust the government.”

M          “It will never seem reasonable, but it is rational.  We must do something to restrain human nature and government excess.”

. . .

G          “Gold is an element.  Gold is a commodity.  Gold is a currency if folks act as if it is a currency.  Gold is what you make it.  The vote is coming in.  The Swiss not so much but who knows what to make about the election.  Those who vote in favor of the dollar or the pound and against gold as a currency may soon be . . . pounding sand.”

. . .

G          “As I recall, Keynes proclaimed that the gold standard, not gold per se, is a ‘barbarous relic.’  ‘Barbarian’ means ‘foreign.’  For example, ‘Barbara’ is a ‘foreign woman.’  So that might suggest that the gold standard, or at least gold, is popular in foreign countries.  And it is.  One point four billion Chinese and one point three billion Indians relish the element.  The Russians embrace it with both paws.”

M          “Seems that Au is A1 in the world today.”

. . .

M          “Tying human activity to an element such as Au seems so . . . confining.  And elemental.  Yet without something tethering human greed, ‘printing money’ is a temptation too great.  If he had known about it, Bill Shakespeare would have written about it.”

G          “You cannot trust the government.  And yet the great irony is that the government is not printing money.  The government has ceded power to the Federal Reserve which sounds like the government and yet is a private business that owes its allegiance to the banks and advances the welfare of the those in the stock market racket.” 

. . . 

M          “Keynes criticized the gold standard because it was a direct threat to his ego and his identity and his desire to make unbridled decisions.  That is the hallmark of the elite.”

G          “No one in power wants to be restrained by a standard.  Some standard is better than no standard.”

. . .

G          “The rule of law is a civilizing relic yet not one in currency today.  Even with more rules and laws on the books than ever in the history of humankind, the rule of law simply does not apply to those in power.  The law is no restraint.”

. . .

G          “The Nobel gang rewards those who shill for the fiat system and the central banks.  If the Nobel gang gave awards for those who ask probing questions about the viability and consequences of fiat currency and unrestrained debt, there would be more folks asking probing questions about the viability and consequences of fiat currency and unrestrained debt.”

M          “Perhaps the new Noble Prize in Eco-nomics can be awarded to those few individuals who ask probing questions and provide trenchant answers.”

. . .

[See the previous great gold standard debate in the e-commentary at “Is The Gold Standard Really The Gold Standard? (January 18, 2010)”, a discussion of the silver standard at “The Silver Standard:  The Value Of (Sort Of) Real Money (July 15, 2013)” and the observation in “The U.S. And Saudi Arabia:  Not Playing Well With Others (Each Other) (July 11, 2016)” that President Nixon decided unilaterally to cancel the direct international convertibility of the United States dollar to gold today.]

Bumper stickers of the week:

“In truth, the gold standard is already a barbarous relic.”  A Tract on Monetary Reform (1924).

Eco-nomic SAT Question:  Which statement does not fit:  1) resources are finite, 2) water is finite, 3) gold is finite or 4) money printing is infinite?

The Gold Standard may just be the Gold Standard or at least a standard.

The G20 Leaders Summit is in Hangzhou, China this September 4 and 5.

Convention between the United States and Great Britain (for Canada) for the Protection of Migratory Birds, also called the Migratory Bird Treaty, was signed on August 16, 1916.

Combatting Women? (August 8, 2016)

Posted in Military, War on August 8, 2016 by e-ssay.org

. . .

K          “The Marine Corps has undertaken objective studies of women in combat units that raise troubling concerns.  I believe that women should stay in traditional roles such as neurosurgery, cultural anthropology, astrophysics, structural engineering, civil rights lawyering, contemporary architectural design, commercial aviation, Avant Gard poetry, hedge fund management, motorcycle racing, concert pianisting, home building, home making, Maker-ing, sports, politics, entertainment, putting everything on the line, etc. but not be deployed to the front line.”

J          “You do know that that opinion is not allowed.” 

. . .

J          “Is that because they are smarter?”

. . .

[See the article and the related articles at Marine Corps Release Results Of Study On Women In Combat Units.”]

[See the e-commentary at “The Endless War On Women . . . By American Warriors (July 22, 2013).”]

Bumper sticker of the week:

Semper fi (to what?)

A Gentle Landing On Earth (August 1, 2016)

Posted in Carbon Surcharge & Dividend, Climate, Global Climate Change, Global Warming, Population on August 1, 2016 by e-ssay.org

. . .

K          “‘Humankind, we have a problem.’  Us.  We be the problem.  There are too many of us.  Mother Nature is kind, patient and understanding, yet she is starting to demur.”

J          “Of all people, Mother Nature too must adhere to the laws of Nature.  She is law-abiding, you know.”

K          “The most gentle landing may be for her to dispatch many of us as quickly and as painlessly as possible.”

J          “We cannot take it personally.  She is only following the law.” 

K          “True.  However, the process is rarely quick and is not painless.  Then those who remain can treat the Downsize as a learning experience.  And then pay proper heed to the far too many nuclear reactors littering the planet and the plastic explosives hurled relentlessly at the Earth every day.” 

 . . .

[See the e-commentary at “‘It’s Only A Rental.’  The Earth As a Cosmic Doormat.  De-Immanentizing The Eschaton (September 28, 2015)”, “Lights Out:  Renegade Nuclear Plants (September 21, 2015)” and “Over Over-Population:  10 Billion Little Miracles (And Counting) (And Costing) (January 26, 2015).”]

Bumper stickers of the week:

Keep calm and price carbon.

Produce less of everything.

Wrap the rascal.