Monday, June 22, 2015

There is no Crisis in U.S.Trade

Nobody on the conservative side can understand what is going on with the TPP (Trans-Pacific Partnership) trade bill. It is astounding (a) that the text of it is being kept more secret than a Clinton Foundation contribution and (b) that Congressional Republicans are pressing for fast track status to give the president a free hand in negotiations, presumably because of his demonstrated good faith on immigration, the Iranian Bomb, backing Israel, Affordable Care, and supporting the Muslim Brotherhood.

This legislation will see the light of day when it is passed, so what benefit is there to secrecy before it is passed? If it is to protect negotiating gambits, that is very minor compared to giving domestic constituencies the time and ability to evaluate it.

And there is a critical point here. There is no crisis in U.S. trade. The chart below shows this. It tells a very important story, so stick with me for a few minutes on it.


http://www.americanthinker.com/articles/2015/06/there_is_no_crisis_in_ustrade.html

Homeland Security… What Is it Good For?


By Dr. Ron Paul

Late Friday night, Congress passed legislation funding the Department of Homeland Security for one week. This vote followed weeks of debate over efforts to attach to the Homeland Security funding bill a prohibition on funding President Obama's executive order granting amnesty to certain illegal immigrants.

Despite the heated rhetoric from both sides, no one seriously believes that Congress will allow Homeland Security funding to lapse. Most in Congress believe that without the Department of Homeland Security, Americans would be left unprotected from terrorists and natural disasters. As with most areas of bipartisan agreement, the truth is the exact opposite of the D.C. consensus. The American people would be much better off if Congress transferred the few constitutional functions performed by Homeland Security to other parts of the government and then shut down the rest of the department.

Many Americans associate Homeland Security with the color-coded terrorist warning system and the "if you see something, say something" public-relations campaign. These programs were designed to inspire public confidence in the department, but instead they inspired public ridicule.

Ironically, the best case for shutting down this department is its most well-known component – the Transportation Security Administration (TSA). More terrorist attacks have been thwarted by airline passengers than by the TSA! The TSA may be ineffective at stopping terrorists, but it is very effective at harassing innocent Americans like Lucy Forck. Three-year-old Lucy, who uses a wheelchair, not only had to endure an intrusive screening from TSA agents, but the agents also took away her beloved stuffed animal.

When not abusing children who use wheelchairs, TSA subjects airline passengers to rules that seem designed to make air travel as unpleasant as possible. For example, TSA recently forced a Campaign for Liberty staffer to throw away a jar of Nutella she had in her carry-on luggage. I am sure all airline passengers feel safe knowing that TSA is protecting them from sandwich spreads.

Ending the TSA would return responsibility for airline security to airports and airlines. Private businesses have a greater incentive than a government bureaucracy to ensure their customers' safety. Those conservatives who think this is a radical idea should try to think of one area where they trust government bureaucrats to do a better job than private-business owners.

Another agency within Homeland Security that the American people could do without is the Federal Emergency Management Agency (FEMA). Having spent 15 years in Congress representing a coastal area subject to hurricanes and floods, I have seen firsthand how FEMA places adherence to bureaucratic rules ahead of aiding victims of a natural disaster. As a result, it is not uncommon for disaster victims to wait months, or even years, for assistance.

FEMA not only fails to provide effective relief to disaster victims, it also impedes private disaster-relief efforts. FEMA even hinders disaster victims' efforts to help themselves. While in Congress, I heard stories of individuals being threatened with fines, or even jail time, if they returned to their property without FEMA's permission. One individual in my district was threatened with arrest if he removed a tarp that FEMA put on his house – even though FEMA was supposed to have put it on his neighbor's house!


Thirteen years after the creation of the Department of Homeland Security, it is clear that this department has failed to protect our security, but has infringed on liberty. If Congress really wanted to enhance our security and our liberty, it would shut down this unnecessary, unconstitutional department.

Saturday, June 20, 2015

The U.S. Economy Is 'Fundamentally Unsound'

By Dr. Ron Paul

Last week, we learned that the key to a strong economy is not increased production, lower unemployment, or a sound monetary unit. Rather, economic prosperity depends on the type of language used by the central bank in its monetary policy statements.

All it took was one word in the Federal Reserve Bank's press release – that the Fed would be "patient" in raising interest rates to normal levels – and stock markets went wild. The S&P 500 and the Dow Jones Industrial Average had their best gains in years, with the Dow gaining nearly 800 points from Wednesday to Friday and the S&P gaining almost 100 points to close within a few points of its all-time high.

Just think of how many trillions of dollars of financial activity occurred solely because of that one new phrase in the Fed's statement. That so much in our economy hangs on one word uttered by one institution demonstrates not only that far too much power is given to the Federal Reserve, but also how unbalanced the American economy really is.

While the real economy continues to sputter, financial markets reach record highs, thanks in no small part to the Fed's easy-money policies. After six years of zero interest rates, Wall Street has become addicted to easy money. Even the slightest mention of tightening monetary policy and Wall Street reacts like a heroin addict forced to sober up cold turkey.

While much of the media paid attention to how long interest rates would remain at zero, what they largely ignored is that the Fed is, "maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities." Look at the Fed's balance sheet and you'll see that it has purchased $25 billion in mortgage-backed securities since the end of QE3. Annualized, that is $200 billion a year. That may not be as large as QE2 or QE3, but quantitative easing, or as the Fed likes to say, "accommodative monetary policy," is far from over.

What gets lost in all the reporting about stock market numbers, unemployment-rate figures, and other economic data is the understanding that real wealth results from production of real goods, not from the creation of money out of thin air. The Fed can rig the numbers for a while by turning the monetary spigot on full blast, but the reality is that this is only papering over severe economic problems. Six years after the crisis of 2008, the economy still has not fully recovered, and in many respects is not much better than it was at the turn of the century.

An economy that holds its breath every six weeks, looking to parse every single word coming out of Fed Chairman Janet Yellen's mouth for indications of whether to buy or sell, is an economy that is fundamentally unsound. The Fed needs to stop creating trillions of dollars out of thin air, let Wall Street take its medicine, and allow the corrections that should have taken place in 2001 and 2008 to liquidate the bad debts and malinvestments that permeate the economy. Only then will we see a real economic recovery.

Thursday, June 18, 2015

Democrats and GOP Rebels Save The Day On Obamatrade

After the Republican-controlled Senate foolishly passed the so-called "Obamatrade" bill, the House leadership (John Boehner, Steve Scalise, Paul Ryan, et al.) worked their tails off to pass the bill. But a majority of Democrats and liberty-minded Republicans (small in number) rallied in opposition to the bill and voted it down. HOORAY! In this case, it was mostly Democrats that saved the day!

I have been saying for years that people who think the Republican establishment is a friend to liberty are extremely naïve. On issues regarding so-called "free trade" (it's NOT free trade; it's globalism masquerading as free trade), the Warfare State, deficit spending, globalism, and civil liberties, the Republican Party in Washington, D.C., is FAR WORSE than the Democrat Party. In general terms, the Democrat Party is worse on issues that deal with gun control, welfare, abortion, gay marriage, and extremist environmentalist policies. As one should easily be able to see, there is no "lesser of two evils" between these two parties. Each party is a greater evil, depending on the issue. And taken as a whole, both parties in Washington, D.C., are selling our liberties down the river.

But this so-called Obamatrade bill is a nightmare. If you thought NAFTA and GATT are bad (and they are), Obamatrade (TPP) is far worse. Even worse is that congressional leaders will not allow the public to know what's in the bill. Heck, most of the congressmen and senators who are voting on the bill don't know what's in it.

http://www.renewamerica.com/columns/baldwin/150618 

The Looming travesty known as the Trans Pacitic Partnership (TPP)

The Trans Pacific Partnership efforts have been much in the news lately.  Unfortunately too few citizens seem to have interest in what it is about.  And fewer still have attempted to contact their elected representatives to voice their opinions on what is on its face a very bad deal for all Americans..  To get a sense of what our government leaders of both parties have been trying to do to us please read these three items.  They are the best explanations I have seen and if you read and understand the content and understand the implications it should really concern you. 


And below is the full text of the second item which was overridden by a re-vote (third item) this afternoon in the House of Representatives   So the matter is back in the Senate hands.  https://www.numbersusa.com/news/after-house-passage-trade-promotion-authority-faces-senate-hurdles

Contact your senators if you do not agree with this bill which, I think, is an absolute travesty.  

George Burns

Wednesday, June 17, 2015

John Pilger - The War On Terror - Truth & Lies

John Pilger dissects the truth and lies behind the 'War on Terror', investigating the discrepancies between American and British justification for 'war' and the facts on the ground in Afghanistan and Washington DC.

https://www.youtube.com/watch?v=YD_k0ipRf3E 

Sunday, June 14, 2015

Science & Things