FOX NEWS

Friday, April 29, 2011

THAT '70'S WORLD

"Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."


Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.

Lately, they're "running out of money" at a faster clip, he said.

"Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern."
CNN

If all you ever listen to is the government line on the economy you'd think that the recovery is nicely underway, job growth is healthy and inflation is nonexistent. Well, I suppose if you're a public employee then all these things may be true.

But out here in the world of blue collar people life isn't quite as rosy and the statement from Walmart above is probably the most accurate picture of reality I've heard in a while. And this new reality is starting to move into the white collar world pretty quickly, too.

Perversely, as gas and food prices continue to rise because the Fed continues to print money to support the banks and the stock market there's going to be less and less money to go around among the working class. And that money is going to be worth less wile the prices skyrocket.

Stagflation has returned.

Tuesday, April 26, 2011

ARE TERRORISTS ON OUR SOUTHERN BORDER?

A couple weeks ago I made a statement that Hezbollah or Hamas was on our border with Mexico. My MOST FREQUENT commenter (the certificate of achievement and the secret decoder ring are in the mail), Salvage, essentially said that I was full of crap. While that may be true, I stand by my assertion that we have Middle Eastern terrorist organizations on our border and throughout Central and South America, too.

Below I've posted just a few excerpts from articles and even one scholarly document to prove my point.

Now, I think that one could logically ask what the intentions of these groups are? Are they setting up an eventual attack on the United States and Canada? Or, are they just running organized crime operations that would make the Mafia proud, looking to fatten their wallets to finance global terrorism? Personally, I think it's both.

Iran's connection to Venezuela and their shared hatred of the U.S. is
well documented and very much out in the open. Iran's ties to Hezbollah/ Hamas are documented as well.

Again, I think there is very little question as to the presence of Islamic terrorists on our border and in Central and South America. The only real question is their intent. Whatever their final objective I know it'll be bad for us.


From Adam Housley of Fox News:

"“Hezbollah are absolute masters at identifying existing smuggling infrastructures,” says former DEA Chief of Operations Mike Braun, adding that the group “is developing relations with those responsible for operating those smuggling operations and then forming close relations with them, so that they can move anything they have an interest into virtually anywhere in the world.” That comment comes from former DEA Chief of Operations Mike Braun. He goes on to tell me that the Middle East terror group is “rubbing shoulders” with drug cartels around the globe.

My military and Department of Homeland Security contacts are insistent…it’s not if Hezbollah operatives have been smuggled into the U.S….but how many? They note that drug tunnels are becoming much more sophisticated and striking similar as tunnels being used by terror organizations to smuggle weapons into the Gaza Strip. My contacts also say they have real concern that bombing techniques used in the Middle East to promote terror are now also being used inside Mexico, as the cartels war with each other and anyone in their way."

From Rep. Sue Myrick in the Washington Times:

"An indictment was handed down Aug. 30 by the Southern District Court of New York that shows a connection between Hezbollah - the proxy army of Iran and a designated terrorist organization - and the drug cartels that violently plague the U.S.-Mexico border.

In short, a well-known international arms dealer was trying to orchestrate an arms-for-drugs deal in which cocaine from FARC - the Revolutionary Armed Forces of Colombia, which works with Mexican drug cartels to take cocaine into America - would be traded for thousands of weapons housed by a Hezbollah operative in Mexico.

This most recent case brings up several questions: Why would a member of Hezbollah be in Mexico? Why would Hezbollah need thousands of weapons in Mexico? Why are members of Hezbollah willing to work with FARC? Perhaps to exchange weapons for drugs? If Hezbollah has guns in Mexico and wants drugs, isn’t it logical to assume that it is trading with more accessible Mexican drug cartels?"

From the Washington Times:

"Hezbollah is using the same southern narcotics routes that Mexican drug kingpins do to smuggle drugs and people into the United States, reaping money to finance its operations and threatening U.S. national security, current and former U.S. law enforcement, defense and counterterrorism officials say.

The Iran-backed Lebanese group has long been involved in narcotics and human trafficking in South America’s tri-border region of Paraguay, Argentina and Brazil. Increasingly, however, it is relying on Mexican narcotics syndicates that control access to transit routes into the U.S.

Hezbollah relies on “the same criminal weapons smugglers, document traffickers and transportation experts as the drug cartels,” said Michael Braun, who just retired as assistant administrator and chief of operations at the U.S. Drug Enforcement Administration (DEA).

“They work together,” said Mr. Braun. “They rely on the same shadow facilitators. One way or another, they are all connected.

“They’ll leverage those relationships to their benefit, to smuggle contraband and humans into the U.S.; in fact, they already are [smuggling].”

His comments were confirmed by six U.S. officials, including law enforcement, defense and counterterrorism specialists. They spoke on the condition that they not be named because of the sensitivity of the topic.

While Hezbollah appears to view the U.S. primarily as a source of cash - and there have been no confirmed Hezbollah attacks within the U.S. - the group’s growing ties with Mexican drug cartels are particularly worrisome at a time when a war against and among Mexican narco-traffickers has killed 7,000 people in the past year and is destabilizing Mexico along the U.S. border."

From MSNBC (hardly a bastion of conservative sentiment):

"The Iranian-backed Hezbollah militia has taken root in South America, fostering a well-financed force of Islamist radicals boiling with hatred for the United States and ready to die to prove it, according to militia members, U.S. officials and police agencies across the continent.

From its Western base in a remote region divided by the borders of Paraguay, Brazil and Argentina known as the Tri-border, or the Triple Frontier, Hezbollah has mined the frustrations of many Muslims among about 25,000 Arab residents whose families immigrated mainly from Lebanon in two waves, after the 1948 Arab-Israeli war and after the 1985 Lebanese civil war.

An investigation by Telemundo and NBC News has uncovered details of an extensive smuggling network run by Hezbollah, a Shiite Muslim group founded in Lebanon in 1982 that the United States has labeled an international terrorist organization. The operation funnels large sums of money to militia leaders in the Middle East and finances training camps, propaganda operations and bomb attacks in South America, according to U.S. and South American officials.

U.S. officials fear that poorly patrolled borders and rampant corruption in the Tri-border region could make it easy for Hezbollah terrorists to infiltrate the southern U.S. border. From the largely lawless region, it is easy for potential terrorists, without detection, to book passage to the United States through Brazil and then Mexico simply by posing as tourists."

From The Foreign Military Studies Office:

"Hugo Chavez’ strategy of embracing Iran in its quest to build an “anti-imperialist” and
anti-American coalition of nations has undoubtedly gained strength in recent years. Beyond the close ties between Venezuela and Iran due to the two countries’ shared anti-American priorities, there are also many similarities between the basic ideologies of Chavez’ Bolivarian revolution and Iranian revolutionary thought. The Lebanese group Hezbollah shares many of Iran’s priorities and principles, and it receives a sizeable amount of financial support from the Islamic Republic.

Although its armed activities are focused primarily within its traditional area of operations in the Middle East, Hezbollah has been implicated in terrorist activities around the globe. These activities range from financing and training to outright attacks and cooperation with criminal
elements. The recent establishment of direct airline flights between Caracas and Tehran, as well as the eagerness of both regimes to embrace the other, does not bode well for anti-terror prospects in Latin America, given the close collaboration of Iranian and Hezbollah operatives in the past. Hezbollah members and sympathizers have gained the ability to move with relative ease outside the Middle East to Latin America and such movements already appear to be taking place. This points to a particularly worrisome possibility: that Hezbollah will move beyond financing and support in Latin America to pursue operational objectives within the Western Hemisphere.

...Iran’s close ties to Hezbollah and its deepening embrace of Chavez’ regime should put the
United States on alert to the security of both friendly Latin American governments and its own
southern border. Groups like Hezbollah now possess the ability to use Venezuela as an entry
point to the Americas, to obtain official Venezuelan documentation, and to utilize well-known
smuggling networks in cooperation with established violent drug cartels.


Hugo Chavez identifies with what he considers to be Hezbollah’s successful model of resistance to imperialism, and it appears he seeks to emulate elements of that success within his
sphere of influence. His demonstrated support for anti-American groups like FARC and his
consistent harsh rhetoric against neighboring Columbia must be viewed as an indication of his
willingness to embrace other radical elements sharing a common anti-American agenda. By
allowing Iranian and Hezbollah operatives ease of access to the Americas through Venezuela,
Chavez runs a substantial risk to the stability of his regime. If and when Hezbollah or Iran seek to exploit their ability to function in Venezuela by pursing specific operational goals, the probability of future confrontation with the United States will most certainly increase, thus inviting the only scenario in which Chavez is nearly guaranteed to lose."

Monday, April 25, 2011

THE DOLLAR CONTINUES ITS DESCENT

All of these stories come from the Drudge Report:

"Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market.

The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world's predominant national currencies.

A combination of factors accounts for the weakness, with the Federal Reserve's easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.

In short, as trader Dennis Gartman noted Thursday, "the rout of the US dollar" is in full effect.

"Panic dollar selling is setting in," Gartman, a hedge fund manager and author of "The Gartman Letter," wrote in his daily commentary. "This may carry farther than any of us dream of or, worse, have nightmares of.""
CNBC

"China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.

The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.

China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.

Tang's remarks echoed the stance of Zhou Xiaochuan, governor of China's central bank, who said on Monday that China's foreign exchange reserves "exceed our reasonable requirement" and that the government should upgrade and diversify its foreign exchange management using the excessive reserves."
Xinhuanet


"Gold hit a record high, while silver surged more than 5 per cent to within a whisker of its all-time peak, as the dollar continued its decline and inflation concerns drove haven flows.

Driven also by government debt concerns, gold rose 1 per cent to $1,518.20 a troy ounce, the seventh-consecutive trading session in which it has hit a record high. Silver surged 5.5 per cent to $49.17 an ounce, having hit a 30-year high of $49.80, within sight of the landmark $50 level."
Financial Times

"For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

And it’s a lot closer than you may think.

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

Put that in your calendar."
Market Watch

It's going to be a really bumpy ride this year. If you think that your going to need it, buy it now. Things like food, clothing and medicine, because the prices are going to shoot up if nothing changes. Once the dollar ceases to be the world's reserve currency, as it looks more and more likely to with each passing week, our economy will most likely collapse. And even if it doesn't we're going to be in a world of hurt.

The other thing to think about is that out here in the Mid-West where so much of our food is grown we're looking at a spring of incredible rains and flooding which will impact, in a significant way, the yields from the fields. So on top of the dollar problems and the pressure it puts on food prices, supply and demand will be pushing the cost up, too. That, and the fact that we're growing so much corn for fuel which is about the dumbest thing I ever heard of. It takes more energy to produce ethanol than ethanol produces. But the farmers just love the welfare and the way the government edicts artificially inflate the value of their crops. Not to mention all the tax dollars that are flowing into the pockets of the corporations building the refineries.

So get ready. My guess is that an awful lot of the problems that we've kept hidden through "quantitative easing" over the last few years will start to become apparent to more and more people this year and panic will start to set in a bit. Just enough to drive some more irrational responses from the government which will only go to further the problem.

It ought'a be interesting.


But wait, there's more!

I just read a post at The Market Ticker that addresses this problem and it's well worth the read. Click on the link to read it.

Saturday, April 23, 2011

ALLEN WEST CALLS 'EM LIKES HE SEES 'EM!



The thing that really interests me in this video is how Van Susteren reacts to West's straight forward speaking. She's not as concerned about whether what he says is the true but rather how what he says may be offensive or impolitic.

Look, agree with someone or disagree, it doesn't matter. What does matter is that everyone in the conversation speak as clearly and directly as they can about what they understand to be the truth. How can we ever work together for the common good when we can't honestly address our differences?

I really like Allen West. I've read a lot about his background and the problems he ran into in the military that resulted in his retirement and I believe that he acted honestly, directly and with honor. His most glaring drawback, at least in my opinion, is his lack of oratorical polish and the flash that so many base their election decisions on. But, I think that he'd make a damned fine President some day.

How refreshing would it to have someone that speaks directly sitting in the Oval Office? I believe that Americans of all political agendas really just want to know the truth so we can get out of this mess.

GOVERNMENT GONE WILD!


H/T American Perspective

Friday, April 22, 2011

ABORTIONIST INTOLERANCE IN ST. LOUIS

I saw this video at the Missouri Political News Service this morning and thought that it deserved further comment:



This billboard made a statement that the left didn't agree with. So, what was their response? TEAR IT DOWN! No conversation - no tolerance. Just destruction. Just raw, unbridled emotion.

This billboard was put up by
Missouri Right to Life and it claimed that 37% of Missouri's abortions are performed on African Americans, a group which comprises only 12% of the state population.

According to the numbers supplied by the
Missouri Dept. of Health the 37% number looks about right. According to the Kaiser Family Foundation the 12% of the population number looks pretty close, too. So, what's the problem?

Well, according to the lady in the video the problem is racism and that somehow this statistic was yanked from the middle of some weird conversation down at the local klavern.

In reality the real problem with the billboard is that it's factually correct and the groups on the left that support this murder of black babies would rather see the truth destroyed than face it. Here's some more statistics on blacks and abortions that are published on the
That's Abortion website, one of the links provided on the billboard:

More African American babies have been killed by abortions since 1973 than the total number of African American deaths from AIDS, violent crimes, accidents, cancer and heart disease combined.
Approximate number of African American deaths since 1973:


Abortion: 13+ Million
Heart Disease: 2.26 Million
Cancer: 1.64 Million
Accidents: 307,723 Violent Crimes: 306,313 AIDS: 203,649
Source: Based on cumulative statistics provided by the US center for Disease Control; accessed at: http://blackgenocide.org/?negro.html

An African American baby is three times more likely to be aborted
than a white baby.


Today, African Americans account for 12.8% of the American population, but African American women receive 35% of all abortions.
Source: 2010 US Census Data http://quickfacts.census.gov/qfd/states/00000.html
CDC Abortion Surveillance Report 11/26/04 http://www.cdc.gov/mmwr/?preview/mmwrhtml/ss5212a1.htm

Of the approximately 4,000 abortions that are performed daily in the United States, 1,452 of them take the lives of African American children.
Source: Center for Disease Control (CDC)

Whether you support abortion or think it's murder shouldn't we at least agree that we need the facts to make a decision? Why are the abortion apologists so afraid of the truth and why are they so intent on hiding it? If abortion is a good thing don't you think that they'd be proud to show just how effective it's been in the black community at achieving the goals of Margaret Sanger, the eugenicist founder of Planned Parenthood?

IS THE TEA PARTY RACIST?

Salvage, a frequent commenter on this blog, has sent me a link to YouTube videos (click here) purporting to show Tea Party racism, hate and any number of terrible other things. He sent these at my request as a rebuttal to videos I posted a few days ago showing the complete, at least in my opinion, insanity among some on the left.

I'll post one of then below because I've seen this one making the rounds lately anyway.




You be the judge.

A couple things come immediately to mind. Are there racists, haters and all sorts of other people involved in Tea Party activities? I would assume there are because they're everywhere. Have I seen any examples of them personally when attending Tea Party rallies? No. But then I've not seen any craziness from the left, either. Mostly I've seen a bunch of good natured bantering back and forth.

And really, a big part of the signs in the video above have nothing to do with racism or hate. They are legitimate expressions of political belief, protected by the First Amendment.

Of course, that doesn't mean that crazy stuff doesn't happen. The video below from here in St. Louis on 8-6-2009 when SEIU members attacked Kenneth Gladney at a Russ Carnahan health care bill event. Gladney is black, which I don't think had anything to do with the attack, even though one of the attackers can be heard using racial slurs. I don't think he even was there because of political affiliation. He was just selling some Gadsen flags, trying to make a buck. But that was enough to piss off the thugs on the left.




So does evidence of violence and racism on the left make the case none of the same exists on the right? No. That being said, the media has been looking for any way it can to smear the Tea Party with racism. Remember the staged perp walk that Pelosi and the Democrats did the day of the healthcare vote? And do you remember that charges were hurled at Tea Party members accusing them of spitting at the Congressmen and screaming racial insults and anti-gay slurs? It was plastered all over the papers.

Well, guess what? It turns out that there was no proof of any of this happening, even in this day of massive news coverage of the event itself and all the camcorders that were there. Andrew Breitbart over at Big Government even went so far as to offer $10,000 to anyone that could bring evidence of the assault. No one has collected yet.

With all that being said, I look at the video above and videos like it with a somewhat jaundiced eye. We know from the Pelosi incident that some on the left are more than willing to lie when it comes to charges of racism and other slurs to tarnish the Tea Party and we also know that the main stream media will gladly publish those charges as fact without doing their due diligence. Now, if the photos in the video above were real, and verifiable, doesn't it seem fairly likely that we'd see them trumpeted across the front page of the New York Times and being presented as the lead story on NBC Nightly News?

There's also the issue of Tea Party opponents acting like racists and infiltrating Tea Party events. How many of the photos in the video above are reflective of that?








So I guess this is where I come down on the issue of Tea Party racism. There are racists in the Tea Party but the Tea Party is not a racist organization, if it can even be called an organization. While some pretend to speak for it there really is no central controlling authority.

I know that pictures exist purporting to show racist sentiment at Tea Party rallies. I've never seen it personally and I know that when someone has shown up at rallies in St. Louis with any sort of hateful message they've been asked to leave by others in attendance:




My personal experience in talking with people on the left tends to support as relatively normal the reaction of the protesters in Portland that I posted the other day. I've been yelled at, called names and been threatened many times by people that disagree with me on political issues. The debate from the left seems to be more emotionally driven than intellectually driven for most so emotions come to the fore rather quickly. Do I know this is a fact? No, but my experience leads me to that conclusion.

Again, I think that if the various photos of Tea Party racist signs were real and verifiable we'd be seeing them all over the news; but, we don't. So while they could be true I don't believe they are. There is ample evidence of lying on the part of the left that leads me to suspect that these photos are just another example of it. If they're real and if they truly represent the majority, or even more than a minuscule minority opinion of the average Tea Party supporters then I'll admit I'm wrong.

But I'm from Missouri and you'll have to show me.

GLENN BECK - YOU'RE BEING ROBBED

Regardless of what you think of Beck it's worth the time to watch this video, especially if you really can't quite make sense of what's happening with the dollar and the markets and why so many of us believe that it's absolutely vital to prepare for what's coming.



Just to buttress Beck's position I saw this at Business Insider today:

"With Congress and the White House under severe political pressure to come up with some meaningful cuts in the budget deficit, the expiration of QE2 has important negative consequences. You may recall that the stock market soared with the implementation of QE1 and the economy started to recover. However, when QE1 was wound down at the end of March 2010 the economy faltered and the stocks dropped 17%. To prevent the economy from dipping into another recession Chairman Bernanke, in mid-August announced the probable implementation of so-called QE2, a program to purchase $600 billion of Treasury bonds by the end of June with the stated purpose of driving up asset values in the hopes that it would spur additional spending.

Although QE2 has helped some segments of the economy and jump-started the stock market, it has had important negative implications as well. Since that time commodity prices have soared while long-term interest rates have climbed and the dollar has weakened. The rise in food and energy prices has caused top-line inflation to increase faster than wages, resulting in declining real income. In addition it has resulted in higher inflation in developing nations as well as the EU, causing them to raise interest rates at the risk of slowing down global growth. Some nations have also instituted capital controls to prevent too many dollars from entering. It is also likely that rapidly rising food and energy prices played an important role in engendering unrest in the Mid-East.

The coming end to QE2 is potentially negative for both the market and the economy. By the time it ends on June 30th the Fed will have bought an average of $3.8 billion of Treasury bonds every working day of the week. That amounts to about 70% of all the Treasury bond issuance since Mid-November. The proceeds, which went to the banks that sold them, were then used to buy up assets, mainly stocks and commodities. Without the Fed in the picture it is difficult to envision anyone else willing or able to step in and purchase the bonds without a really big increase in rates. With no help from the fiscal side the likely outcome is a major decline in asset values including stocks and commodities along with another round of weakening growth in an already fragile economy. It may well be that somewhere down the road there is another round of quantitative easing, but not before some severe economic and financial problems in the interim."