Showing posts with label Links. Show all posts
Showing posts with label Links. Show all posts

Monday, December 2, 2013

Abolish the Fed and the IRS!

In US Generals Now Take Action to Watch Obama, F. Michael Maloof enumerates actions that retired US Army Gen. Paul E. Vallely and Air Force Brig. Gen. Charles Jones believe must take place for the recovery of American economy. I like six of these actions, and they are the following:

1. Abolish the Federal Reserve

2. Abolish the IRS

3. Eliminate and consolidate federal agencies. 

4. Get rid of Department of Energy

5. Repeal Obamacare, and

6. Eliminate income tax



How I wish similar actions will also take place in the Philippines. 



Thursday, October 10, 2013

Wallis or North?


Yesterday, I listened to Jim Wallis' idea about US shutdown. After watching, I read Gary North's critique of Jim Wallis' video. Both claim to have biblical basis for their messages. No wonder, many are confused. Whose voice do you think tells the truth?

Sunday, October 6, 2013

US "Shutdown"

I am not sure about my feeling concerning what's happening right now in the US related to government "shutdown". Others said, "Why care? It's none of your business. It has nothing to do with PH affair. We have our own issues to pay attention to". That's how many people think. 



Let us not forget that the USD is still the world reserve currency and remains the biggest in world economy. I guess that if this existing tension in the white house get worse, other countries cannot avoid its ripple effect.

As expected, both political parties have their own explanation about the current issue. The dominant camp said that it was the Tea Party dominated Republicans that caused this crisis. The other party responded that actually it was not a shutdown, but a temporary suspension of selected government services such as museums and parks. Then why exaggerate? What is the intention in painting such a dark description? Is it not to frighten the public and place the blame on the Republicans?

Just today, two additional accusations are thrown to the Republicans - bully and tantrum . Robert Reich wrote that the Republicans have been bullying the US president since 2011. I thought those who are capable to bully others are "bigger" and "stronger". Is it really convincing that a weaker party could bully a dominant party? 

Regarding the second accusation, Robert Parry  claimed that the current crisis was the result of the tantrum of white and Tea Party dominated Republicans. And he added a racist color to the debate. The other camp retorted, "No! It was Obama's tantrum!"

As far as my personal opinion is concerned, the outcome of this current debate aiming to shape public opinion will have a great political and economic repercussion not only in the U.S. but in many countries including the PH in the coming days. I wish, I'm wrong.


The Intellectuals Are Divided: 

Peter G. Klein

Daisy Luther

Michael Snyder

Mark Thornton

Peter G. Klein again

Jim Wallis

Gary North

John Boehner


Bill O'Reilly


Bill Moyers


Paul Krugman


Noam Chomsky

Saturday, August 3, 2013

Detroitification

Jack McHugh coined the term "Detroitification" in 2007 referring "to the destruction of a city, state or nation through draining money from hardworking individuals to pay for the cushy compensation and retirement of unproductive public 'servants.' " Robert Morley used this term to describe the bankruptcy of Detroit city. 



Last July 30, Morley wrote an article about Detroit bankruptcy. He described Detroit as "one of the most prosperous cities in the world" in the past and turned into "one of the world’s poorest", and "a post-Apocalyptic ghost town, a post-industrial ruin, the city of flames, the city where the sirens never stop, America’s first Third World city, Murder Town, Hell on Wheels." What is the primary cause for such a radical change? In his article, Morley did not hesitate to contradict a popular opinion propagated by a Nobel Prize Winner, Paul Krugman. 

For Krugman, Detroit was a victim of the free market. Even though he recognized the contribution of bad governance, but to his mind, the primary cause of Detroit's downfall originated from the free market. And such idea is widely accepted these days. 

But Morley has a different mind about Detroit. The key to understand the situation of Detroit is to grasp first the reason for its previous prosperity. Morley accepts the importance of the dynamics inherent in free market economy, but they don't provide the complete explanation. For him, the role of God and the keeping of his commandments serve as the basic foundations for Detroit's prosperity. And since God's commandments are being broken, the inescapable consequences are the removal of external blessings. I understand this breaking of God's commandments in terms of tax increases on businesses and productive individuals and the act of redistributing wealth. Many called it theft and the growth of the politics of envy. The final result of such violation was to drive businesses away and unemployment. And according to Morley, such economic philosophy is now being nationalized all over America. In his mind, Detroit should serve as a warning for all Americans for he sees similar pattern in many cities, which he describes as "Detroitification". Notice his description of the direction of many US cities:

"And now the same thing is happening to many American cities. Despite America’s unparalleled agricultural, mineral, scientific and geographic resources, cities across the country are in various stages of Detroitification. Chicago, Baltimore, New York, Los Angeles, Oakland, San Diego, Portland, Providence and Houston are all going the same way. And it doesn’t stop with municipalities either. California, Illinois and Kentucky—many states are headed for bankruptcy too." 

Related Links:

http://www.lewrockwell.com/2010/03/gary-north/the-city-of-detroit-is-dead/

http://thenewamerican.com/usnews/politics/item/16242-first-detroit-now-chicago

http://mises.org/daily/6489/

http://detroitrusttoriches.blogspot.kr/

http://thestateweekly.com/with-detroits-bankruptcy-anarchists-have-begun-project-free-detroit-starting-a-community-2/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+SpreadLibertyNews+%28Spread+Liberty+News%29

http://mic.com/articles/94398/the-government-in-detroit-is-doing-something-the-un-called-a-violation-of-human-rights