“The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.”
Showing posts with label minor tyrants. Show all posts
Showing posts with label minor tyrants. Show all posts
Sunday, March 1, 2020
Thursday, January 16, 2014
A Tyrant’s Best Friend
Architect of Destruction
Oscar Niemeyer’s architectural vision needed the support of authoritarian governments.
By DEMÉTRIO MAGNOLI
This past
Sunday’s New York Times Magazine published a photo essay, accompanied by
a single paragraph of prose by Julie Bosman, as a hagiographic memento for the
late Brazilian architect Oscar Niemeyer. The photos were all of Niemeyer’s work
in Algeria: four buildings built out of 12 designs approved. Bosman’s paragraph
says that Niemeyer was “a Communist who fled to France following the military
takeover of Brazil in 1964.” The passing mention of Niemeyer’s communism seems
somehow to suggest that this was a badge of honor, albeit one that has nothing
to do with his architectural style. This couldn’t be further from the truth.
In a 1920
documentary one can see Le Corbusier rubbing a thick black pencil over a wide
area of the map of
central Paris “with the enthusiasm of Bomber Harris planning the annihilation
of a German city in World War II”, wrote Theodore Dalrymple in a tasty article for City
Journal. The celebrated architect, founder of the Congrès International
d’Architecture Moderne (CIAM), was busy designing a delusional, totalitarian
fantasy: the Plan Voisin, a geometric collection of 18 cruciform towers of
offices sixty-stories high supplemented by series of residential buildings
outlining superblocks. That’s Niemeyer’s achitectural template. His communism
was most certainly not incidental to his style.
The Cathedral of Brasilia, as seen from inside.
Taste is just
taste, of course. You might like the Capanema Palace in Rio de Janeiro, a 1936
Niemeyer design based on a sketch by Le Corbusier (I do like it, in fact). You
might like the Cathedral of Brasilia (I love it), built in 1958, or the
Itamaraty Palace (it’s gorgeous), the headquarters of the Foreign Ministry
erected in Brasilia in 1960. You might even like the sumptuous headquarters of
the French Communist Party in Paris (I do not), or the hideous Latin America
Memorial in São Paulo, or the ridiculous Contemporary Arts Museum in Niteroi.
But like or dislike, love or hate, there is no intellectual justification for
separating the oeuvre of Oscar Niemeyer from its doctrinal roots. Niemeyer is
an heir of the Le Corbusier matrix, the founding father of an architecture of
destruction wholly devoted to the aesthetic of power and to hatred for history,
living public spaces and, above all, common people.
Niemeyer was
certainly no naive epigone of Le Corbusier, with “big boxes on sticks” (Frank
Lloyd Wright), that were “a common hallmark of the modern form” (Lewis
Mumford). This Brazilian was an inventor: His contours sinuously curved the
masses of concrete, giving a tropical identity to modern architecture. But look
again to the photos reproduced in The NYT Magazine: Niemeyer’s
compositional strategies and his narrow repertoire of forms are not derived
from purported renaissance or baroque inspirations, but from the neoclassical
principles which are those of Le Corbusier.
Main façade of the Itamaraty Palace and its reflecting
pool.
Furthermore,
Niemeyer shared with his master the fundamental belief in the “civilizing
mission” of the state—namely, the state privilege of hoarding unlimited acres
of urban land to carve the city (and society) according to the ideals of the
ruling elite. The two architects, Le Corbusier and Niemeyer, demand the
patronage of tyrants – or, rather, tyrants with a Vision. The New York
Times Magazine does not tell its readers that Niemeyer’s Algerian
projects overlap with the most authoritarian stage of the Boumediene
dictatorship, between 1971 and 1975.
In the Brazilian
press, Niemeyer’s death in 2012 (at the age of 104), was accompanied
predominantly by two types of reviews. One kind stated that his work was genius
because it reflected the “humanist thought” of the unrepentant Stalinist
architect. This is an abominable opinion, but a coherent one. The other kind
stated that his incredible body of work should be separated from his deplorable
political beliefs. This is flimsy and inconsistent criticism. The architecture
of Niemeyer, as of Le Corbusier’s, is not only a derivation of his ideological
leanings but also a platform for his desired alliance between the architects
and the tyrants. Le Corbusier served both Stalin and the collaborationist Vichy
regime. “France needs a father”, pleaded the architect shortly before the
publication of The Radiant City, whose title page says: “This book
is dedicated to the Authority.” Here is the key to deciphering his work, and
Niemeyer’s.
The Piazza della
Signoria, which has no trees, is a wonder of the dessicated human spirit. You
don’t need to be a romantic, nor do you need to shed any tears for the “green”,
to be repulsed by the brutality of Niemeyer’s modernism. One doesn’t need to
subscribe to the whole set of principles of organic architecture to repudiate
the ignominious monumentalism of the Modern Temple. “The plan shall govern. The
street must disappear”, wrote Le Corbusier in 1924, pointing to the direction
adopted by Niemeyer. The destructive impulse is contained in each of the
architectural interventions of both designers, whether the result happens to be
beautiful or, more often, not.
Niemeyer’s
buildings never establish meaningful or functional relationships with the
surrounding structures, which he despises because they didn’t originate from
his pencil. The residual spaces between volumes never acquire identity,
functioning only as belvederes for contemplating his monuments to Authority.
The larger the scale of the project, the more evident his “anachronistic
modernity.” “The guiding role of open spaces, with its streets, squares,
meeting places and markets” is diluted in Brasilia, “in a space without limits
or other function than to frame isolated and sculptural buildings.” (J. C.
Durand & E. Salvatori).
Niemeyer’s
aesthetics make a political statement. In Brasilia, as James Holston has
emphasized, the typological contrast between public buildings (“exceptional,
figural objects of monumental nature”) and residential buildings (“repeated,
serial objects of trivial nature”) epitomize the regressive utopia desired by
the architect. A letter by Alberto Moravia to an Italian newspaper at the time
of Brasilia’s inauguration as the capital noted that the city made people feel “like the tiny inhabitants of Lilliput”
seeking, “in the empty sky, the threatening form of a new Gulliver.”
Read more at:
Tuesday, January 7, 2014
The Fallacy of Overpopulation
The Fallacy Behind The Fallacy Of Global Warming
Global Warming was just one issue The Club of Rome
(TCOR) targeted in its campaign to reduce world population. In 1993 the Club’s
co-founder, Alexander King with
Bertrand Schneider wrote The First Global Revolution stating,
“The common enemy of humanity is man. In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. All these dangers are caused by human intervention, and it is only through changed attitudes and behavior that they can be overcome. The real enemy then, is humanity itself.”
They believe all these problems are created by humans
but exacerbated by a growing population using technology. “Changed attitudes and behavior” basically means
what it has meant from the time Thomas Malthus raised the idea the world was
overpopulated. He believed charity and laws to help the poor were a major cause
of the problem and it was necessary to reduce population through rules and
regulations. TCOR ideas all ended up in the political activities of the Rio
1992 conference organized by Maurice Strong (a TCOR member) under the United
Nations Environment Programme (UNEP).
The assumptions and objectives became the main
structure of Agenda 21, the master plan for the 21st Century. The global
warming threat was confronted at Rio through the United Nations Framework
Convention on Climate Change (UNFCCC) and creation of the Intergovernmental Panel
on Climate Change (IPCC). It was structured to predetermine scientific proof
that human CO2 was one contribution of the “common enemy”.
The IPCC was very successful. Despite all the
revelations about corrupted science and their failed predictions (projections)
CO2 remains central to global attention about energy and environment. For
example, several websites, many provided by government, list CO2
output levels for new and used cars. Automobile companies work to build cars
with lower CO2 output and, if for no other reason than to appear green, use it
in advertising. The automotive industry, which has the scientists to know
better, collectively surrenders to eco-bullying about CO2. They are not alone.
They get away with it because they pass on the unnecessary costs to a befuddled
“trying to do the right thing” population.
TCOR applied Thomas Malthus’s claim of a race to
exhaustion of food to all resources. Both Malthus and COR believe limiting
population was mandatory. Darwin took a copy of Malthus’s Essay on Population with him and remarked on its
influence on his evolutionary theory in his Beagle journal
in September 1838. The seeds of distortion about overpopulation were sown in Darwin’s
acceptance of Malthus’s claims.
Paul Johnson’s biography of Charles
Darwin comments on the contradiction between Darwin’s scientific methods and
his acceptance of their omission in Malthus.
Malthus’s aim was to discourage charity and reform the existing poor laws, which, he argued, encourage the destitute to breed and so aggravated the problem. That was not Darwin’s concern. What struck him was the contrast between geometrical progression (breeding) and arithmetical progression (food supplies). Not being a mathematician he did not check the reasoning and accuracy behind Malthus’s law… in fact, Malthus’s law was nonsense. He did not prove it. He stated it. What strikes one reading Malthus is the lack of hard evidence throughout. Why did this not strike Darwin? A mystery. Malthus’s only “proof” was the population expansion of the United States.
There was no point at which Malthus’s geometrical/arithmetical rule could be made to square with the known facts. And he had no reason whatsoever to extrapolate from the high American rates to give a doubling effect every 25 years everywhere and in perpetuity.
He swallowed Malthusianism because it fitted his emotional need, he did not apply the tests and deploy the skepticism that a scientist should. It was a rare lapse from the discipline of his profession. But it was an important one.
Darwin’s promotion of Malthus undoubtedly gave the
ideas credibility they didn’t deserve. Since then the Malthusian claim has
dominated science, social science and latterly environmentalism. Even now many
who accept the falsity of global warming due to humans continue to believe
overpopulation is a real problem.
Overpopulation was central in all TCOR’s activities.
Three books were important to their message, Paul Ehrlich’s The Population Bomb (1968) and Ecoscience: Population, Resources and Environment (1977) co-authored
with John Holdren, Obama’s
Science Czar, and Meadows et al., Limits to Growth, published in 1972 that anticipated the IPCC approach of computer model
predictions (projections). The latter wrote
If the present growth trends in world population, industrialization, pollution, food production, and resource depletion continue unchanged, the limits to growth on this planet will be reached sometime within the next one hundred years.
Here is what the TCOR web site says about the book.
They created a computing model which took into account the relations between various global developments and produced computer simulations for alternative scenarios. Part of the modelling were different amounts of possibly available resources, different levels of agricultural productivity, birth control or environmental protection.
They estimated the current amount of a resource,
determined the rate of consumption, and added an expanding demand because of
increasing industrialization and population growth to determine, with simple
linear trend analysis, that the world was doomed.
Economist Julian Simon challenged
TCOR and Ehrlich’s assumptions.
In response to Ehrlich’s published claim that “If I were a gambler, I would take even money that England will not exist in the year 2000″ – a proposition Simon regarded as too silly to bother with – Simon countered with “a public offer to stake US$10,000 … on my belief that the cost of non-government-controlled raw materials (including grain and oil) will not rise in the long run.”
Simon proposed,
You could name your own terms: select any raw material you wanted – copper, tin, whatever – and select any date in the future, “any date more than a year away,” and Simon would bet that the commodity’s price on that date would be lower than what it was at the time of the wager.
John Holdren selected the materials and the time.
Simon won the bet.
Global warming used the idea that CO2 would increase
to harmful levels because of increasing industrialization and expanding
populations. The political manipulation of climate science was linked to
development and population control in various ways. Here are comments from a PBS interview with
Senator Tim Wirth in response to the question,“What was it in the late 80s,
do you think, that made the issue [of global warming] take off?” He
replied,
I think a number of things happened in the late 1980s. First of all, there were the [NASA scientist Jim] Hansen hearings [in 1988]. … We had introduced a major piece of legislation. Amazingly enough, it was an 18-part climate change bill; it had population in it, conservation, and it had nuclear in it. It had everything that we could think of that was related to climate change. … And so we had this set of hearings, and Jim Hansen was the star witness.
Wikipedia says about Wirth,
In the State Department, he worked with Vice President Al Gore on global environmental and population issues, supporting the administration’s views on global warming. A supporter of the proposed Kyoto Protocol Wirth announced the U.S.’s commitment to legally binding limits on greenhouse gas emissions.
Gore chaired the 1988 “Hansen” Senate Hearing and was
central to the promotion of population as basic to all other problems. He led
the US delegation to the September 1994International Conference on Population and Development in Cairo
Egypt.
That conference emerged from Rio 1992 where they linked population to all
other supposed problems.
Explicitly integrating population into economic and development strategies will both speed up the pace of sustainable development and poverty alleviation and contribute to the achievement of population objectives and an improved quality of life of the population.
This theme was central to Rio+20 held in June 2012 and
designed to re-emphasize Rio 1992.
The Numbers
The world is not overpopulated. That fallacy is
perpetuated in all environmental research, policy and planning including global
warming and latterly climate change. So
what are the facts about world population?
The US Census Bureau provides a running estimate of world population. It was
6,994,551,619 on February 15, 2012. On October 30, 2011 the UN claimed it
passed 7 billion; the difference
is 5,448,381. This is more than the population of 129 countries of the 242
listed by Wikipedia. It confirms
most statistics are crude estimates, especially those of the UN who rely on
individual member countries, yet no accurate census exists for any of them
Population density is a more meaningful measure. Most
people are concentrated in coastal flood plains and deltas, which are about 5
percent of the land. Compare Canada, the second largest country in the world
with approximately 35.3
million residents estimated in 2013with California
where an estimated 37.3 million people lived in 2010.
Some illustrate the insignificance of the density issue by putting everyone in
a known region. For example, Texas at 7,438,152,268,800 square feet divided by
the 2012 world population 6,994,551,619 yields 1063.4 square feet per person.
Fitting all the people in an area is different from them being able to live
there. Most of the world is unoccupied by humans
Read the rest at:
Virulent racists and fiendish eugenicists still forcing their genocical agenda
UN Unveils Plot to Reduce African Population
by Alex Newman
The United
Nations and its oftentimes barbaric population-control apparatus are under
fire again after releasing a deeply controversial report claiming that
the African population of Kenya is too large and growing too quickly. To deal
with the supposed “challenge,” as the UN and its “partners” in the national
government put it, international bureaucrats are demanding stepped up efforts
to brainwash Kenyan women into wanting fewer children. Also on the agenda: more
taxpayer-funded “family-planning” and “reproductive-health” schemes to reduce
the number of Africans to levels considered “desirable” by the UN.
Critics promptly lambasted the plot as undisguised
eugenics, with some experts calling it a true example of the “war on women.”
Among other concerns, analysts outraged by the report noted that the UN
Population Fund (UNFPA) and the establishment’s fiendish efforts to slash human
populations — especially those considered “undesirable” by self-appointed
guardians of the gene pool — have a long and sordid history going back decades.
Today, the agenda marches on, as illustrated in the latest UN report calling
for drastically reduced numbers of Kenyans.
Especially troubling is the eugenics component of the
agenda, critics say. “This kind of eugenics by the United Nations and their
population-control conspirators is not helping the black family but turning
large poor families into small poor families,” explained Mark Crutcher,
president of the U.S.-based pro-life group Life Dynamics. Crutcher is also the
producer of the hard-hitting documentary Maafa21, which
exposes what he calls the ongoing genocide of blacks worldwide by prominent
establishment forces.
The controversial report, produced by the Kenyan government’s “population”
minions and the UNFPA, claims that — despite dramatic declines in fertility
over recent decades — authorities must do much more to bring the population
down to “desirable” levels. Citing debunked claims about what the UN views as
“too many” people supposedly resulting in a wide range of real and imagined
problems, the radical document outlines numerous schemes to reduce the
population. Among the suggested plots: more taxpayer-funded contraception,
re-education, “empowering” women, reducing the “demand” for children, and more.
“One issue surrounds the realization of the policy
objective of reducing total fertility rates from the current level of 4.6 to
2.6 children per woman by 2030,” observes the report, taking special aim at the
poor. “This is because the demand for children is still high and is unlikely to
change unless substantial changes in desired family sizes are achieved.”
Incredibly, the document also states matter-of-factly that there is a “need for
rapid decline in fertility.” Thus, the UN population-control zealots claimed,
“the challenge is how to reduce the continued high demand for children.”
The more than 300-page report, dubbed “Kenya Population Situation Analysis,” does not
explicitly call for abortion. However, experts say anyone versed in the UN’s
deceptive bureaucratic language would see the real agenda clearly. For example,
the document is packed with references to so-called “reproductive health” and
“reproductive rights.” As then-Secretary of State Hillary Clinton put it in a 2010
speech, “reproductive health includes contraception and family planning and
access to legal, safe abortion.”
Despite occasional claims to the contrary, the Western
establishment and the UN have been working fiendishly to promote abortion worldwide.
The self-proclaimed goal of the UNFPA, displayed proudly on its website, is
“achieving universal access to sexual and reproductive health (including family
planning) and promoting reproductive rights.” In Communist China, the UNFPA and
its co-conspirators at Planned Parenthood have even been implicated during congressional hearings in forced
abortions.
Another common theme throughout the report on Kenya is
the alleged “need” to prod women into delaying marriage, family, and
child-bearing. Some of the proposed methods for achieving that goal include
“education,” with a wide range of schemes admittedly aimed at brainwashing
African women into having fewer children. “The achievement of lower fertility
is complicated by differences between individual fertility preferences and
desirable fertility levels,” the report explains. In other words, the UN knows
better than African families.
“Investing” in what the UN calls “education” and
“health,” the document continues, would “contribute to the attainment of more
favorable demographic indicators.” The “favorable” outcomes the
population-control zealots are seeking, according to the report, include “lower
fertility through enhanced contraceptive use” and “lower ideal family size.”
The document also advocates getting more women into the workforce and
government-mandated changes in “gender roles” as a way to ensure fewer African
births.
“Sustainable development requires Kenya to be in a position to proactively address, rather than only react to, the population trends that will unfold over the next decades,” the widely criticized UN report continues, alluding to another one of the international outfit’s controversial ploys — sustainability — to empower itself at the expense of liberty, humanity, and national independence. “Universal access to sexual and reproductive health is still being constrained by a number of factors that are economic, social and cultural. UNFPA is expected to be in the forefront in supporting implementation of the Reproductive Health Policy.”
As with coercive sterilization in India and forced abortions in China, American
taxpayers are unwittingly helping to fund the radical UN efforts across Africa. Last year
alone, for instance, U.S. taxpayers were forced into providing more than $30
million to the UNFPA. The U.S. Agency for International Development (USAID),
meanwhile, spent almost $11 million of public funds in 2011 on “family
planning” and “reproductive services” in Kenya. By comparison, it spent $60,000
on nutrition. With the Obama administration’s slavish devotion to Planned
Parenthood, the UN, and the broader population-control agenda, those numbers are
expected to continue rising unless Congress puts its foot down.
Read the rest at:
Bernanke's era of anarchy to go on
Money creation out of "thin air" is a pure redistribution of wealth
By Noureddine Krichene
A
recent survey by Transparency International put Somalia top of their country
ranking for corruption; very amusing indeed; that top spot is due, in part, to
acts of piracy committed by Somali pirates.
Piracy
is confiscation of wealth by brute force. Money counterfeiting confiscates
wealth, and so does swindling. Bernie Madoff was sentenced to 10 years in jail,
simply because swindling is a crime; his victims lost their wealth that they
had entrusted to him. Yet, when outgoing Federal Reserve chairman Ben Bernanke
prints every US$85 billion every month out of thin air, this act is considered
a virtue - even though it is forced confiscation of wealth. It is called an
economic "stimulus" in that, according to its proponents, it boosts
the economy and moves it towards full employment.
Bernanke
leaves office at the end of this month following destructive years during which
he spread financial chaos, mass-unemployment, inflation, confiscation, and
poverty in the US and beyond.
The
United States was enjoying great prosperity before Bernanke turned it into a country
of desolation. His tenure as a policy maker and Fed chairman will be seen by
history as an era of fallacies and anarchy. His unorthodox money policies and
near-zero interest rates helped to bring about the worst financial nightmares
in the post-World War II period, destroyed US banks, and set off currency
devaluation in other industrialized countries.
Ignoring the US Constitution and thinking of money as a baby's toy, Bernanke ruled with absolute power in money destruction. Comparing 2000, just before Bernanke joined the Fed board of governors in 2002, and 2013, we can say that Bernanke deservedly won the title "Helicopter Ben". Fed credit rose from US$0.5 trillion to $4 trillion, a multiple of eight. US government debt is now at $17 trillion, compared with $3.4 trillion before his move to the Fed. Crude oil is at $100/barrel compared with $18/barrel; gold rose from $250 an ounce to $1,300 an ounce. Food prices are at least four times higher. Stock price indices shattered all records in 2013. Yet US real per-capita incomes are far less than in 2000. That is Bernanke's legacy of disorder.
Ignoring the US Constitution and thinking of money as a baby's toy, Bernanke ruled with absolute power in money destruction. Comparing 2000, just before Bernanke joined the Fed board of governors in 2002, and 2013, we can say that Bernanke deservedly won the title "Helicopter Ben". Fed credit rose from US$0.5 trillion to $4 trillion, a multiple of eight. US government debt is now at $17 trillion, compared with $3.4 trillion before his move to the Fed. Crude oil is at $100/barrel compared with $18/barrel; gold rose from $250 an ounce to $1,300 an ounce. Food prices are at least four times higher. Stock price indices shattered all records in 2013. Yet US real per-capita incomes are far less than in 2000. That is Bernanke's legacy of disorder.
Bernanke
believes in a theory that stipulates that "money helicoptering" is
the key to prosperity and full-employment. So fancy is this theory that it has
been marvelled at by US politicians and academics alike. And it is so
fallacious that many years of injecting vast amounts of money into the economy
have utterly failed to achieve full employment, merely chaos.
If
his theory were true, full-employment would have been almost instantaneous.
Contrary to sciences where relations are exact, economics theories may never be
confirmed by facts. In exact sciences, there is an immutable relation between
temperature and mercury expansion, for instance, which enables us to measure
temperature with precision. In economics, there is no such exact relationship
between zero interest and full-employment. If an exact relationship existed,
Bernanke would have attained full-employment many years ago.
He
only encouraged intense asset speculation and brought about financial disorder,
and impoverishment. He is not alone in this, for sure - many economic theories
their proponents claimed to be exact, such as communism and Keynesianism, have
failed miserably and caused disasters wherever applied. Now we can add or
Bernanke-ism to that roll of dishonor.
When
Somali pirates get a ransom for a ship, no doubt this money will increase
demand for goods and services by the pirates; it will squeeze the demand for
goods and services of those who had to pay it. Piracy employment is uncertain
and piracy itself amounts to a redistribution of wealth only - not the creation
of wealth.
Read
the rest at:
Monday, December 23, 2013
How Savers May Be Forced To Buy Federal Debt
Some of the worst tyrannies of the 20th Century began by expropriating the property of individual citizens
By William Tucker
As still another showdown over the national debt looms, some experts are
concerned that the Obama Administration is poised to begin forcing Americans to
stock their retirement accounts with low-return government bonds.
Richard Cordray, director of the Consumer Financial Protection Board, told Bloomberg News that his new regulatory agency was
mulling a move to control the $20 trillion that Americans have invested for
retirement. He specifically mentioned 401(k) plans and IRAs.
“That’s one of the things we’ve been exploring,” Cordray told Bloomberg reporter Carter Dougherty in January.
Cordray’s seemingly stray comment was largely ignored by mainstream and
financial media, but won the attention of fund managers and economists.
Cordray suggested that “mismanagement” of individual retirement accounts by
the nation’s major financial institutions could leave investors exposed, just
as those who bought subprime mortgages were left in the lurch during the 2008
housing crisis.
Cordray’s agency is already moving toward regulating 401(k)s and IRAs. In
April the CFPB issued a report questioning the “senior designations” that are
awarded to individual financial advisors who manage retirement accounts. “In
recent years, federal and state regulators, financial industry representatives
and consumer groups have been reporting that some financial advisers with
senior designations are targeting older consumers and selling them
inappropriate and sometimes fraudulent financial products,” warned the report.
Although four financial companies – Fidelity Investments, JPMorgan Chase
& Co., Charles Schwab Corp. and the T. Rowe Price Group – handle the
largest portion of individual IRAs and companies manage their employees’
401(k)s, a small portion of financial individual retirement accounts are
handled by independent financial advisers.
The April report claimed that the CFPB had jurisdiction under the 2010 Wall
Street and Consumer Protection (Dodd-Frank) Act, which directed it to “make
recommendations to Congress and the Securities and Exchange Commission (SEC) on
best practices.”
“CFPB will be clearly overstepping its bounds if it makes a blatant
political move to present itself as a protector of senior citizens,” says Mark
Calabria, director of financial regulation studies at the Cato Institute.
“Congress chose to leave oversight for retirement products at the SEC and
Department of Labor. With the creation of the CFPB, Dodd-Frank is attempting to
do for the rest of consumer finance what the federal government has done to the
mortgage market — to completely politicize it and subject it to twisted
incentives that ultimately cost both consumers and the taxpayer.”
Michelle Muth Person, an officer in the CFPB communications office,
declined to be comment on plans to regulate retirement accounts but said that
CFPB has “no immediate plans” for intervening in the management of individual
accounts.
Despite the reassurance, economists and industry officials are still
worried. “The runaway, unaccountable regulators at the Consumer Finance
Protection Bureau would like to ‘protect’ the IRAs of U.S. citizens by making
them into a $20 trillion ATM for the government,” says economist George Gilder.
Critics fear that the CFPB would claim regulatory authority over IRAs and
self-employed person pensions (SEPPs) on the grounds that seniors aren’t
capable of handling their accounts and are being defrauded by the firms that
manage them.
Then it would argue that corporate stocks and bonds are too risky and funds
should be instead in the one safe instrument that is the equivalent of cash –-
Treasury bonds, backed by the full faith and credit of the United States. Of
course, the returns paid by the federal government are far lower. Treasuries
pay low interest rates and when combined with inflation, usually provide a
negative real rate of return over time.
For now, almost every dollar in America’s individual retirement accounts is
invested in the private sector — which earns higher returns than government
debt. “I wouldn’t put it past the government to go after some of that money,
almost all which is invested in corporate stocks and bonds or real estate,”
says Curtis De Young, founder and CEO of American Pension Services, a leading
financial advisory company.
Read the rest at:
Saturday, December 21, 2013
The going rate for sexual assault is just 5.000
America, here’s your cruel, senseless,
immoral Drug War….
By Mark J. Perry
About six weeks ago, I reported the disturbing case of
David Eckert (“America’s
cruel Drug War now includes forced anal probing of innocent victims by law
enforcement agencies“), who was anally raped by law enforcement officials
in New Mexico and their medical accomplices in a futile search for drugs that
escalated through multiple cavity searches, enemas, and X-rays, and ended up
with a forced colonoscopy.
Jacob Sullum reports today in Reason (“Drug
Warriors Kidnap and Sexually Assault a Woman After Getting Permission From a
Dog“) on another disturbing drug search case that
produced no drugs, this time of an innocent 54-year old New Mexican woman who
was victimized (kidnapped, sexually/medically assaulted, and raped to be
specific) by law enforcement officers and their medical professional
accomplices. In a failed attempt to find drugs following a false positive alert
by a dog, the victim was subjected to multiple invasive body cavity searches of
her vagina, buttocks and rectum by two different doctors, a forced enema, a
forced X-ray, and an forced CT scan.
Result: No contraband. Then to add
insult to injury, the victim refused to sign a consent form and is now being
billed $5,000, apparently the “going rate for sexual assault and gratuitous
radiological bombardment” as Jacob Sullum aptly describes it.
Jacob provides all of the gory details and then ends
with this insightful commentary:
This kind of abuse tends to draw attention only when
the victim is “innocent,” meaning he or she is not in fact smuggling drugs. But
how can any society call itself civilized when it allows human beings to be
treated this way in the name of locating arbitrarily proscribed substances?
Having arrogated to itself the authority to regulate what people put into their
own bodies, the government ends up forcibly delving into those bodies in search
of the chemicals it has anathematized. To enforce politicians’ pharmacological
prejudices, the government’s agents and their medical accomplices become
kidnappers and rapists. There is nothing noble or decent about this immoral
crusade, and anyone associated with it ought to be ashamed of himself.
Read more at:
Police Claim Teen Shot Himself In Head—While Handcuffed Behind Back
We are just collateral damage in their 'war on crime'
By Anthony Gregory
If the police found a dead body in the back of your car, hands tied
behind the back, with a hole in the head, and your defense was that the person
shot himself, how do you think they would react?
And yet
this has happened in police cars at least three times. This time, in
Durhman, North Carolina, a teenager, searched, arrested, handcuffed behind his back, shoved in
the back of a police car, supposedly shot himself in the head with a firearm
the police apparently had failed to find. If the cops’ story is true, we have a
case of a suicidal young man who could have easily made a fortune on the Vegas
strip mimicking David Copperfield, or at least done well as a contortionist on
a traveling circus act.
The police
chief explains: “I know that it is hard for people not in law enforcement to
understand how someone could be capable of shooting themselves while handcuffed
behind the back. . . . While incidents like this are not common, they
unfortunately have happened in other jurisdictions in the past.”
Yes,
they’ve happened in other jurisdictions. Or so other police have said.
Now, one
doesn’t have to be a paranoid troublemaker to suggest another possible
scenario.* A good detective would consider alternatives in the case of any
homicide, and if a non-police officer were found with a body in the back of his
car, the presumption would probably not be suicide. Of course, it is at least
possible that the cops in this case are simply lying—that they had held the gun
to the boy’s head to instill fear in him, and they accidentally fired the
weapon, killing him, and came up with a ridiculous story to cover it up—one so
ridiculous it just might work, as it’s apparently worked before. The other
possibility, which in a sane world anyone would realize is also much more
likely than suicide, is that a police officer simply murdered the kid in cold
blood, execution-style, for whatever reason.
If the inquiry goes as it usually does, and the officers involved simply
take a little time off and come back to work in a month or so, I predict we
will be seeing this kind of thing happen much more often. If all it takes to
explain this away is “he must have shot himself,” any economist will tell you
the incentive structure will encourage more such mystery shootings.
There will
be some outrage over this, some demands for more police accountability and
transparency, as there always are. But it will not result in any sort of actual
change in policy or meaningful restraint of officers. For one thing, American
culture is thoroughly statist when it comes to law enforcement issues. It is
the one area where folks skeptical of government are most likely to cave, as
respectable members of society still fear ordinary street crime more than the
police state emerging around them. Modern American police forces are
characterized by gangsterism and a fetishization of “officer safety” as the
primary value. The rest of us are just potential collateral damage in their war
on crime. And perversely enough, there exists among conservative and other
circles this myth that the media are too hard on police, and so they work
overtime to support their local law enforcers. In truth, of course, the mass
media hardly report the daily killings, injuries, false imprisonments, rapes,
burglaries, and crime sprees police are responsible for in most urban
jurisdictions nationwide.
Read more at:
Friday, December 20, 2013
2013 has been a busy year for the apartheid dictatorship of the Castro family in Cuba
Over 30 Ladies in White Arrested Today
Over 30 members of the pro-democracy group, The Ladies in White, were beaten and arrested today, as they tried to gather for a meeting in Havana.
Just another day in Castro's Cuba.
Has the international community decided that such systemic violence against peaceful women in acceptable?
If not -- where's the outrage?
If not -- where's the outrage?
In case you missed it, here's a picture of Marina Paz, a member of The Ladies in White, being beaten and stripped of her symbolic white clothing last week:
Wednesday, December 18, 2013
Paul Ryan And The Republicans Are Lackeys To Democratic Party Big Spenders
The principal role of GOP in Washington is to hold
the coats of Democratic spenders
Last fiscal year Uncle Sam had some budget good news. After running $1
trillion-plus deficits four years in a row, Washington had to
borrow “just” $680 billion in 2013. Victory was at hand!
True, that was the fifth highest deficit in history, 50 percent greater
than the pre-financial crash record. But it’s only the taxpayers’ money, so
what’s the big deal? Politicians in Washington talked about the need to start
spending again. There certainly was no justification for sequestration, which
imposed a shocking, brutal, horrific 2.3 percent cut in federal spending. What
were legislators thinking when they approved that reduction? The government and
nation almost collapsed as a result!
Now Republicans and Democrats have come together on Capitol Hill for a new
budget agreement which increases both outlays and taxes. Bipartisanship in
action! That the Democratic Party wants to spend more is hardly surprising. But
the GOP has demonstrated yet again that its principal role in Washington is to
hold the coats of Democratic spenders when they raid the Treasury.
The legislation adopted by the House drops sequestration, which actually
trimmed federal outlays, and hikes spending over the next two years by $62
billion. In return, Congress promises to lower the collective deficit over the
next decade by $85 billion—while spending tens of trillions of dollars. The
accord raises revenue, including a very real $12.6 billion in airline taxes.
There are a few spending reductions—kind of. The bulk of them are entitlement
caps a decade hence, which even Sen. Jeff Sessions (R-AL), ranking minority
member of the Senate Budget Committee, admits are of “dubious validity.”
After all, in the same bill the House GOP voted to drop discretionary
spending cuts for 2014 approved just two years ago.
Yet the new entitlement caps are slated to take effect after two presidential
elections and four congressional elections. Which means the reductions will
never occur. The best that can be said is that the new outlays are trivial
compared to Uncle Sam’s gluttonous spending binge. The increase in so-called
discretionary outlays will be overwhelmed by the coming entitlement tsunami. We
won’t notice the extra bloat.
The only surprise in the sell-out was the role of House Budget Committee
Chairman and 2012 Republican Vice Presidential nominee Paul Ryan. Although no
radical, he nevertheless had seemed committed to a more responsible budget
path. Yet he traded real current spending increases for fake future spending
cuts, a standard congressional tactic running back at least to the infamous
Reagan tax hike of 1983.
Of course, holding only the House means the Republican Party has to
compromise, as it learned during the recent health care battle. Shutting the
government to defund ObamaCare always was doomed to fail. The Democrats held
both the Presidency and Senate and could not be expected to abandon their only
significant domestic policy achievement of the last five years. Moreover, no
Congress can bind future legislators, so at most a one-year funding pause was
possible. While the public disliked the federal health care takeover, most
people were not inclined to hold every agency and program hostage in a
GOP-orchestrated political battle.
However, a budget fight would have been far easier. The Republicans
wouldn’t have had to perform the Maori Haka while chanting death threats
against government agencies. The GOP merely had to support the fiscal status
quo, sequester included, unless the Democrats offered equivalent alternative
cuts.
The sequester was an arbitrary and inefficient tool, but it proved to be
the only practical means of restraining federal spending. As my Cato CATO +0.23%Institute
colleague Chris Edwards put it before Rep. Ryan waved the white flag, “In
theory, Republicans have the upper hand in budget talks because current law
specifies that discretionary spending will be modestly reduced in 2014 to $967
billion. Republicans always claim that they are for spending restraint, and
here they just need to hold firm on current-law budget caps to save serious
money over time.” Instead, the GOP tossed away its only weapon.
Earlier this year the Congressional Budget Office highlighted the stakes:
“Between 2009 and 2012, the federal government recorded the largest budget
deficits relative to the size of the economy since 1946, causing federal debt
to soar.” The debt-GDP ratio “is higher than at any point in U.S. history
except a brief period around World War II, and it is twice the percent at the
end of 2007.”
Today the national debt exceeds both $17.2 trillion and runs more than
$54,000 per citizen and nearly $150,000 per taxpayer. At 100 percent of GDP the
debt burden is greater than in Europe. Before the GOP
cave-in the CBO figured that in the best case Uncle Sam would add $6.3 trillion
more in red ink over the next decade. The annual deficit would drop to “only”
$378 billion in 2015. But then deficits would begin another inexorable rise. By
2023 federal ink would be $895 billion, warned CBO. The official debt-GDP ratio
would have jumped by a third. This
was the agency’s optimistic estimate.
....
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