Greece going bankrupt is a mere foretaste of what awaits the benighted socialized Eurotopians, resplendent in arrogant and corrupt socialism. Worse fates do await than the mere bankruptcy of a small, unimportant state. Debt, inflation and Islam – the great killers of civilization – all greedily prowl around the wounded Eurotopian state.

More "The great socialist experiment of Eurotopia, the Euro and its inevitable collapse."

The great governmental experiment, replicated almost across the world, in 'managing' housing 'ownership rates' and mortgage financing, which has been on-going for some 40 years, has ended in a catastrophic recession which cost over 20 million people world-wide their jobs and incomes. Stock market declines, still 30% below their artificial peaks, have appropriated some $4 Trillion in wealth across the globe – much of that increased wealth was of course ephemeral and unfounded but nonetheless real. Yet the worse is yet to come. Debt and inflation the great killers of empire, are now rearing their mephistophelian faces. There is nothing to prevent the next crisis from happening. As sure as government's will keep interest rates close to zero for a long time, so too will the next rounds of economic contraction materialize.

More "Debt, inflation and the Government lust to control housing."

The most important man in history [at least in his own little mind], unveiled a colossal disaster parading as a budget. It is so bad that the investment rating agency Moody's predicts that US debt will go from Triple A to Double A within the next 4 years. That is a merry understatement. In the real world the Prophet Obamed's budget [blessed be the new Prophet], will ensure high future inflation, and most likely national insolvency. This is because debt and government – must like water bursting a dam and flooding the hinterland – will only recede after massive destruction and chaos. The Marxist dream of the Prophet leads ineluctably to bankruptcy.

More "A Marxist celebration – the Prophet's $4 Trillion tax and spending increase."

More "Economic Lies – US GDP ‘Growth’ [Hardy Har Har]"

More "Managing Minds. The apogee of State power. "

As expert of Muslim dhimmitude, Bat Ye'or, wrote about the Wilders trial:

“Westerners have been conditioned by their governments, their media, the Palestinisation of their culture and societies, to be the culprit and to accept without a murmur the continuous harassment of the permanent terrorist threat. Such terrorism has taken already many innocent lives and wounded countless others since it started, in the 1960s, in Europe with the collaboration of Palestinians and Nazi groups murdering Jews and Israelis.

In view of an aggressive indigenous and foreign terrorism within the Netherlands itself, it is clear that Geert Wilders is answering a provocation against him that obliges him to live under permanent security controls. How is it possible that in the XXIe century, in a democratic and peaceful Europe, some people, politicians, intellectuals, cartoonists or others, need 24-hour security when they have done nothing but lawfully express themselves ?  Will self-censorship define our culture?” http://www.internationalfreepresssociety.org/2010/01/the-trial-of-geert-wilders-a-symposium/

More "Europe sliding towards the abyss. Wilders on trial. "

The latest Haitian catastrophe will easily attract $2 billion in capital and emergency aid from around the world. This would give Haiti, with a population of some 9 million, well over $ 5 billion in welfare transfers in the past 10 years alone. This computes into the staggering total of over $550 for every living soul. It is the largest per capita transfer of wealth in history – 5 times greater in per capita terms, than the Marshall plan which saved Europe from starvation and began to rebuild its shattered economies in 1948. Yet we have some 'really smart people' intoning, with professorial baritones, that Haiti needs a 'Marshall Plan'. What ? It already has the Marshall Plan, times 5.

More "Haiti: The largest per capita international welfare transfer in history."

The Republicans are not much better. But at least, elements friendly to and supportive of civilization exist in the Republican party. Not so with the Dumocrats. The Dums are a party divergent from reality, culture, the American ideals. It is the saddest collection of disaffected Marxists, socialists, and class based whiners in history – worst than many of the lower life forms in Europe, known as 'Social Democrats'. Without the protection of academia, the media and the unions, the Dumocrats would be a permanent and small minority party, on the fringes of the real world, gaping, grinning, and ludicrous.

More "The Dumocrats. Party of the misbegotten. Look at their base. "

Ideology not the individual counts. Lots of Germans were Nazis and not too keen on killing Jews. But it happened. Many Russians during Stalin's reign were indifferent about invading or controlling through proxies large parts of the world. But it happened. Many Muslims don't support Islamic Fascism and terror. But it still goes on. Perhaps most Arabs and Muslims do not countenance Taqiya or lying to the infidel to further Islamic aspirations. But it happens and this is a vital part of Muslim expansionism.

More "Article Review. Raymond Ibrahim: Muslim Taqiya or Deceit."

Haiti has been an independent state longer than Mexico. It is a failed nation, the poorest in the Western Hemisphere. For over 3 generations Haitians have been greedily sucking at the international welfare teats of the IMF, World Bank and the US Government. But, if you listen to the Leftards, the Obamed-cult supporters, the 20-something airheads with their state-college Political Science degrees, the wailing media; and of course the baritone voiced academics – Haiti's problems all stem from the evils of capitalism, US imperialism, Whitey culture and neo-imperialist savagery. Such concepts only serve to reinforce the fact that Left-wing ideology is a mental disease.

More "The Leftard 'analysis' of the failed state which is Haiti."

Lord Moran was Churchill's doctor during World War II. He probably saved Churchill's life on a few occasions. His diary was published after the war, and was recently re-edited and re-released. It is not one of my favorite Churchilliana pieces. Contrary to what critics maintain I don't find it particularly well-written, eloquent or well organized. In fact its disjointed nature – it is almost a direct translation and rework from a diary of scrap paper – makes it a difficult read. However, there are some interesting insights into Churchill which do warrant mention.

More "Book Review: 'Churchill at War 1940-45', 2009, by Lord Moran. "

The Dutch collaborated almost en masse with the Germans during the Nazi occupation in some form. The most nefarious manner was to sell out Jews – even mixed blood Jews – to the occupiers in exchange for money or food. Heroic wasn't it ? Now we have the Dutch elite selling out the only politician left-standing in Europe who will defend European civilization. Wilders' hate crime ? Speaking out against Islamic theology, Fascism, violence, and the destruction of European culture. Instead of being listened to, applauded and supported, he is now being trundled off by the progeny of German collaboration to stand trial on January 20^th 2010. The cowering, moronic, midgets have spoken. It must surely be an embarassment being Dutch.

More "The embarassment of being Dutch. Geert Wilders being tried for 'hate' againt the Moon Cult."

The failed state of Haiti has received more than $2 billion in aid in the past 6 years. All of it for non-emergency, non-disaster relief. The 2004 hurricane disaster pulled in well over a $1 billion and the recent 2010 catastrophe will do likewise. But here is a question. When does the Haitian funding/foreign aid scam end ? A small country of 9 million people squeezed in on a 60 km wide piece of real estate abutting the Dominican Republic has received in per capita terms, some $440 per person just in the last 6 years. This is remarkable both in size, fraud, corruption and immorality. Excuse my callousness, but where the hell is this money going to ? Why are the taps not turned off ? When is a failed state like Haiti forced into paternalistic reform ?

More "Haiti needs US invervention and paternalism."

It is no secret if you read the history of 'bubbles' what is the prime moving agent of the economic dislocation. It has always been government. Even Bernie Madoff who stole $13 billion [quite a sum], was financed in large part by easy government leveraging and monetary policy. Zero interest rates, margin accounts, loans of all varieties, houses acting as ATMs – all of this gave Madoff's victims ample access to ready cash and credit. If rates are negative why not invest in the markets ? Sure beats savings rates, bonds, Treasury debt and boring CD notes, all of which pay nothing. Madoff is in jail – why not the politicians and moron-ocrats who are perpetrating the public fraud which is leveraged market levitation ?

More "Stock Fraud – ride the wave, but get out sooner, rather than later."

Stock markets generate the best returns. There is no disputing this fact. But the caveat is, you have to know what you are doing and manage your own money. If you listen to 'experts', 'brokers' and bankers you will lose your money. None of these people – none – predicted the current economic meltdown. None of them – none – have a clue about what is going to happen in the near term. As a person who sold out before the collapse in the fall of 2008; shorted the market until February 2009; and then bought into banks and technology in February, March and April, I feel far more qualified than the professionals in analyzing macro-market trends. And the omens look ugly.

More "Government created stock fraud."

Vox Day is a published columnist and economist who predicted in 2002 that the credit expansion bubble would end in a recession. Thus unlike most mainstream economists, media hacks, and chattering TV teeth, he has credibility. Day believes that the current economic contraction is far from over and he marshals a lot of historical and current data to support his claim. As an antidote to the CNBC-Business and Financial news complex, Day is well worth reading. At least you will learn a lot from his views – none of which you will find in the mainstream media or the mostly useless forum called a newspaper.

More "Book Review: Vox Day 'The Return of the Great Depression'."

Barry Eichengreen and Kevin O'Rourke are two well known economists writing at the research website voxeu.org. They are empiricists meaning that unlike most neo-Keynesians who believe in occult black magic and mystical concepts such as 'aggregate demand' and the 'output gap', they rely on reality and facts to guide their interpretations of what is happening with the world economy. Their analysis is clear – the shocks to the global trading and economic system in the recent, government created downturn, have been every bit as bad or worse, than the 1930s.

More "Economic data does not support a recovery."

With gold approaching $1200 per oz., up from $250 a mere 5 years ago, what is that telling us about the state of geo-political and economic affairs ? Is it just another commodity-bubble market ? Or maybe just more nasty speculators daring to make a profit ? Perhaps it is the insidiously corrupt Wall Street and Goldman Sachs – the US Government's financially slave – manipulating the yellow currency for its own cryptic means ? It is all of these things and yet more. If gold prices move from $1200 to $1500 we will have two indisputable facts to reckon with: 1) Future high US based inflation and 2) An economic Depression.

More "So what happens when Gold prices hit $1500 per oz. ?"

One of the important lessons of Friedman's monetarist theory is the non-economic observation he made about central banks. Friedman was convinced that central banks over time become politicized and that the leaders of the central bank – their personalities, psychologies, pathologies – massively impact monetary policy including the setting of rates and the printing of money. He was right. Friedman's analysis and those of the Austrian economic school make one empirically valid and crucial point – central banks destroy monetary value, they do not protect it.

More "Politicized Central Banks do not control inflation."

It is not only the Globaloney Warming Fascistas and One-World Marxist morons who 'hide the decline'. In the case of the obvious cooling climate, the Gaia cult has a hard time to hide reality – though they still maintain that Mommy Earth is going to explode from on overdose of Co2. Not so for the Economistas and the Keynesian-Government will save us-cult. They have every incentive and every method to hide the economic decline – and they do it very well. The simple fact is that the usual metrics to inform the hoi-polloi about GDP, economic expansion or contraction and inflation are absolute hokum. The impact on policy and policy makers, not to mention the geniuses who covet political and economic control are vast.

More "US Bankruptcy: Economic mumbo-jumbo and 'hiding the decline'."