Ordinary heroes respond to the unprecedented flooding in Nashville that has escaped media and government attention (thanks to Lew Rockwell):
“First, at the height of the storm, a woman in the subdivision went into labor. A neighbor saw what was going on and tried to drive the woman and her husband to the hospital, but wound up driving in circles; there was absolutely no way out of our part of Bellevue. Continue reading
Update: The Daily Bell very kindly cites this post in their analysis of the reaction to Rand Paul (Rand Paul Disappoints):
“In any event, having decided on our topic, we went looking for more information about Rand Paul’s various political positions, only to discover that estimable feedbacker Lila Rajiva had beat us to it. After quoting the Time article (excerpted above) she writes the following on her mindbodypolitic.blog: Continue reading
Here’s an interesting game: a budget simulator that lets you play along with the national debate on the debt, at the website of the Committee for a Responsible Budget.
“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost this country enough money to pay the National debt several times over. These twelve private credit monopolies were deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia and thus drove a wedge between the Allies in the World War.”
–Congressman Louis T. McFadden, Chairman of House Banking Committee 1921 through 1931 (In a speech made before the House in 1934)
“One strange correlation that has crept up in the last 15 years that might continue to support gold prices is the relationship between the direction of gold prices and the direction of US debt to GDP. US debt to GDP peaked in 1995-1996. When it began to turn down after that, gold prices headed down as well. When debt to GDP bottomed in 2001 and began to trend back up, gold turned as well. Both have been on a steady march up since then. Unfortunately, the Obama 2011 budget has debt to GDP steadily increasing over each of the next 10 years.”
“This is a reminder that one can’t run around exposing the secrets of the most powerful governments, militaries and corporations in the world without consequences (h/t):
The Australian founder of the whistleblower website Wikileaks had his passport confiscated by police when he arrived in Melbourne last week. Continue reading
John McMurtry, Emeritus Professor of Philosophy, Guelph University, Canada, at the 9-11 Truth Conference in Vancouver, June 22-24, 2007, talks about the refusal of the media/establishment to confront the spuriousness of the official conspiracy theory about 9-11. Continue reading
I don’t normally wander off into cultural controversy, but this one has a couple of political angles to it, especially as May 20 has been dubbed “Everybody Draw Mohammed Day.”
Tunku Varadarajan at The Daily Beast:
“While on the theme of degeneracy: It must be irksome for the mullahs and their adherents to have it publicly shown that a Shiite beauty in a bikini leads not instantly to damnation and wrathful interventions by the gods. Continue reading
Louis Navallier in an interview with Chris Waltzek:
1. May 6 was definitely an abuse of the market by someone. The biggest, safest stocks were hit – the Russell 1000. P&G is demanding an answer from the SEC for the plunge in its price.
2. Don’t ever place a market order on an ETF, because you can be picked off by specialists. Always place a limit order. Continue reading
“I hate gold. It does not pay a dividend, it has no value, and you can’t work out what it should or shouldn’t be worth,” he said. “It is the last refuge of the desperate.”
— Jeremy Grantham, after admitting he just bought some last weekend