Goldman Games: Massaging the Numbers

In the news:

“Goldman Sachs, the most profitable Wall Street firm before it converted to a bank last year and posted its first quarterly loss since going public in 1999, said yesterday it earned $3.39 a share, in the first quarter. A surge in trading revenue outweighed asset writedowns, and the result beat the $1.64 estimate of 16 analysts surveyed by Bloomberg.”

More here at Bloomberg.

My Comment

“Beating expectations”  has turned into a short-sighted game of bluff. Companies deliberately underestimate earnings so they can beat analyst estimates. That gives them a temporary boost for the quarter that’s entirely misleading.

The point of all this tarting up on the part of the firm was to boost it enough to raise capital to repay some ($10 billion) of its TARP debt. Why? Because GS doesn’t want to abide by TARP limits on compensation.

But even so, debt with FDIC backing is more “attractive,” according to CFO David Viniar. You see, the FDIC backing won’t require caps on compensation.

In other words, TARP or no, as far as the public recouping anything for taking the risk, it’s heads we win, tails you lose.

Meanwhile the share price on the new capital fell by 12% on anxiety that the first quarter results weren’t sustainable.

What’s also interesting is that Goldman also changed its financial calendar to include December in the results of the previous quarter….

Hmm.  Can YOU do that with the IRS?

Here’s more on GS’s move.

In Advance of Tax Day

 From Jake Towne:

Facts about the Federal Income Tax synthesized for an April 15th handout, available by email. Join your local Tea Party and Tax Day Coalition on April 15th!!

In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act.” – George Orwell, author of 1984

1) The premise behind collecting the federal income tax is a complete farce. The IRS claims the tax is voluntary, whereas any sane American realizes that she or he will go to jail if the tax is not paid. This is evident from not only the legal code, but even from the latest 1040 instructions to the taxpayer!  (1A) (1B) (2) (3)

IRS Commissioner Douglas Shulman writes that the American taxpayer willing pays income tax “of their own free will” but laments “unfortunately, there will always be some that cheat their fellow citizens by avoiding the payment of their fair share of taxes.” Shulman then infers that IRS enforcement will be “prompt” and “strong” (read: ‘swift’ and ‘merciless’) for this voluntary tax. (4)

The Treasury calls it “our voluntary tax system.” The IRS claims it pursues “enforcement programs to promote voluntary compliance” and establishes “strategies to maximize voluntary tax law compliance by emphasizing customer satisfaction.” (5)

2) The federal income tax was originally a Marxist idea. Karl Marx wrote the 10 Planks of a Communist State in his Communist Manifesto. The second plank, right after the abolition of private property was “a heavy progressive or graduated income tax.” (6In 1909, this Marxist idea was politically accepted by Americans as retribution against the “evil capitalists” who had caused the Panic of 1907. 100 years later, both political parties now scapegoat all those in the financial industry as “evil doers.” (7By claiming an ever-increasing amount of your income, the State literally owns your labor.

3) The federal income tax is unconstitutional. The 16th “Income Tax” Amendment of 1913 was likely never officially ratified, and even if it was, in 1916 the Supreme Court ruled “the Sixteenth Amendment does not purport to confer power to levy income taxes” in Brushaber vs. Union Pacific Railroad. (8, 9, 10, 11The income tax was first placed into circulation as a 1-7% tax on only the very richest Americans.  This top tax bracket grew to an onerous 92% in the 1950s.  While this receded, for the middle class this tax has grown 500% to 1000% from this time period. (12)

4) The income tax is mostly used for War-Making, the Welfare State, and the National Debt – not general government and law enforcement! The income tax amounted to $1.2 Trillion for 2008. (13Outlays were for $2.9 Trillion plus the $0.8 Trillion October bailout.  (14We spent just $0.067 Trillion for general government and law enforcement!  (15) Out of every tax dollar, the IRS estimates we spend about a quarter on defense, a dime on the national debt, two pennies on general government & law enforcement and the remainder on Social Security (a giant Ponzi scheme) and other welfare and social programs. (16, graph)

5) The $1.2 Trillion federal income tax is unnecessary. Cutting our overseas military empire spending of $1 Trillion per year would justify its elimination. (17Instead of bailing out the banks for $0.8 Trillion in October and $1.1 Trillion of the Obama stimulus plan, we could have bailed out the increasingly unemployed taxpayer for at least the 2008 tax bill as I argued in January. (18)

6) The federal income tax code is time-consuming, confusing and baffling for many Americans. No wonder – the code itself now consists of 3.4 million words and if printed would fill 7,500 pages. (1BThe code and regulations together were 66,498 pages long in 2006. (19The taxpayer’s 1040 instructions are 161 pages long.  (4) Americans spent 6.4 Billion hours filing their taxes in 2006.  (19)

7) America’s “Tax Army” employs more people (1.2 million) than we have armed forces stationed in the United States (0.9 million). (20, 21) Collecting taxes is a completely non-value added task, adding nothing to our economy. Some of our brightest minds – lawyers, accountants, and computer experts – pound away at keyboards trying to figure out either how to plunder more money from others or find loops in the tax code to “save costs” for their clients. The total cost of collecting taxes is estimated at $63 billion, ironically just $4 Billion short of funding general government and law enforcement! (22) (15) The IRS employs 91,000 and will spend $11.6 Billion in 2009 collecting taxes. (23) (24)

Patriots willing to exercise their natural right to peacefully assemble at your closest local protest site (or just start a protest yourself) are encouraged to enlist with both the Tax Day Coalition (TaxDayCoalition.com) and Tax Day Tea Party (TaxDayTeaParty.com) as I have for events on both on and after April 15. If you would like to join me at a very peaceful protest in east-central Pennsylvania on 4/15, please email me or leave a comment below. [For any government officials reading this, I have paid my taxes every year because I do not want to be imprisoned at the moment, and the collective “you” has failed to intimidate or scare me.]
________________________________________________________________________

List of Sources

(1A) The IRS Tax Code. The IRS strangely recommends visiting Cornell University to view the code and they are correct, it’s easier to view.  http://www.irs.gov/taxpros/article/0,,id=98137,00.html#irc

(1B) The IRS Tax Code.  Easier to search than the IRS or Cornell version. http://www.fourmilab.ch/uscode/26usc/

(2) The Great IRS Hoax, Chapter 5.   http://famguardian.org/Publications/GreatIRSHoax/GreatIRSHoax.htm

(3) America: Freedom to Fascism.  Recommended free movie.  http://freedocumentaries.com/film.php?id=199

(4)  IRS 1040 instructions p2/161,  http://www.irs.gov/pub/irs-pdf/i1040.pdf

(5) Edwards, Chris.  2003. “10 Outrageous Facts About the IRS.” Fact #7. http://www.cato.org/pub_display.php?pub_id=3063

(6)  Marx, Karl. 1848. “Manifesto of the Communist Party” p. 21/44.  http://www.marxists.org/archive/marx/works/download/manifest.pdf

(7)  Armstrong, Martin.  2008.  It’s Just Time.  p. 12/77. Contemporary visit and extension of Kondratrieff cycles.  http://www.contrahour.com/ItsJustTimeMartinArmstrong.pdf

(8) The Constitution of the United States of America.  http://www.usconstitution.net/const.html

(9) Benson, Bill. The Law That Never Was.” http://www.thelawthatneverwas.com

(10) Tax Facts, #1 through #19.  http://www.voluntarytax.info/tax_facts1.htm

(11) Brushaber vs. Union Pacific Railroad. US Supreme Court, 1916. http://supreme.justia.com/us/240/1/case.html

(12) Quinn, James2009. GRAND ILLUSION – THE FEDERAL RESERVE http://www.nolanchart.com/article6123.html

(13) White House. FY 2009 Budget. p. 35/342. http://www.whitehouse.gov/omb/budget/fy2009/pdf/hist.pdf

(14)  White House. FY 2009 Budget. p. 26/342. http://www.whitehouse.gov/omb/budget/fy2009/pdf/hist.pdf

(15) White House. FY 2009 Budget. p. 59/342. http://www.whitehouse.gov/omb/budget/fy2009/pdf/hist.pdf

(16)  IRS 1040 instructions p91/161,  http://www.irs.gov/pub/irs-pdf/i1040.pdf

(17)  Paul, Ron. March 2008.  “Intervening Our Way to Economic Ruin.”

http://www.antiwar.com/paul/?articleid=12519

(18)  Towne, Jake. January 2009. “Why Obama’s Stimulus Plan Will Fail… and a Better Alternative.” Idea #1.    http://www.campaignforliberty.com/article.php?view=3

(19)  Edwards, Chris.  2007. Testimony to House Budget Committee. p. 4/6 http://budget.house.gov/hearings/2007/02.16edwardstestimony.pdf

(20)  Edwards, Chris.  2003. “10 Outrageous Facts About the IRS.” Fact #2. http://www.cato.org/pub_display.php?pub_id=3063

(21)  Towne, Jake. April 2009. “America’s Military Empire.” http://www.nolanchart.com/article6271.html

(22)  Angier, Chuck.  2008.  “Why a Fair Tax Won’t Happen.”  http://www.nolanchart.com/article2776.html

(23) Internal Revenue Service, Data Book. 2008. p. 72/81.  http://www.irs.gov/pub/irs-soi/08databk.pdf

(24)  Internal Revenue Service, Budget-in-Brief.  FY 2009. p. 2/14.

My Comment:

From deep love for the Federal  Government and with thanks for the care with which it’s consulted each and everyone of us before spending our money maiming and massacring civilians in countries we’ve never visited and don’t plan to and bailing out billionaires who don’t even live here,  I devote the whole of today and tomorrow to my favorite task of chasing paper and instructing the IRS in elementary math.

Mind-Body Politic Makes It To Top 100 Libertarian Blogs

Just saw this incoming link from American Conservative Daily.

I’m at 67.

(Do not ask me why I’m up at4:53 AM looking at my blog)

1. The Official Website of the Libertarian Party (U.S.)

2. The Official Blog of the Libertarian Party (U.S.)

3. The Cato Institute

4. Cato at Liberty (The Cato blog)

5. The Ludwig von Mises Institute

6. The Mises Economics Blog

7. The Acton Institute

8. The Acton Institute PowerBlog

9. Reason Magazine

10. Hit & Run – The Reason Magazine blog

11. The Foundation for Economic Education

12. The Free Man Online

13. The Institute For Humane Studies

14. Liberty Guide

15. The Adam Smith Institute

16. The Adam Smith Institute Blog

17. The Competitive Enterprise Institute

18. OpenMarket.org The CEI Blog

19. The Independent Institute

20. The Beacon (The Independent Institute Blog)

21. The Heritage Foundation

22. The Foundry (Heritage Foundation’s Blog)

23. National Center for Policy Analysis

24. The Ayn Rand Institute (with apologies to Ayn Rand)

25. The Institute For Justice

26. Library of Economics and Liberty

27. Bureaucrash

28. The Free State Project

29. The Prometheus Institute

30. Capitalism Magazine

31. RonPaul.org

32. Ron Paul’s Perpetual Campaign for Liberty

33. Young Americans For Liberty

34. Liberty PAC

35. Cafe Hayek

36. The Libertarian Alliance Blog

37. The Austrian Economists

38. Marginal Revolution

39. Will Wilkinson

40. Samizdata

41. Libertarian Christians

42. Advocates For Self-Government

43. The Fraser Institute

44. Libertarianism.com

45. The Coyote Blog

46. RonPaul.com

47. The Freedom Factory

48. GetLiberty.org – Americans for Limited Government

49. International Society for Individual Liberty

50. ReTeaParty.com

51. Schiff2010.com

52. Rand2010.com

53. JudgeNapolitano.com

54. Libertarians for Life

55. Liberty Maven

56. Libertarian Rock

57. GOP for Liberty

58. The Entrepreneurial Mind

59. Libertarian Party of England

60. Megan McArdle

61. The Liberty Papers

62. Libertarian Republican

63. The John Locke Foundation

64. QandO

65. The Big Picture

66. Austro-Libertarian.com

67. MindBodyPolitic

68. Acre of Independence (recommended by NYU Law Libertarian)

69. LewRockwell.com

70. The Agitator

71. The Freedom Association

72. Chris Moody

73. The Freedom Revolution

74. Freedom Politics

75. TennZen

76. Liberty Watch

77. JasonPye.com (recommended by SWGA Politics)

78. Libertarian Papers

79. Foundation For Individual Rights in Education

80. Libertarian Meetup Groups

81. Chris For Liberty

82. Libertarian Leanings

83. Thoughts on Freedom

84. Reform the LP

85. Kole Hard Facts of Life

86. The Volokh Conspiracy

87. Local Liberty Online

88. Liberty vs. Leviathan

89. The Classic Liberal

90. The Holy Cause

91. Skyler Collins

92. MainManX

93. Strike The Root

94. David Friedman

95. Ron Paul Blog

96. The Atlasphere Meta-Blog

97. Positive Liberty

98. Light of Liberty

99. Henry North London

100. The Humble Libertarian
Contributor’s website: http://www.libertarianleanings.com

My Comment:

Wow. I know there are a few people who read this blog ‘cos I know stuff I say gets picked up by all sorts of people (without attribution often – naughty, naughty). But since there are all these ideological purity tests that make them forget (ahem) to give me back any link-love, I’m a wee bit surprised I made this list.

Actually, I didn’t even know this list existed.

Maybe that’s the secret.

Ignorance.

Until the end of last year I was nearly always holed up in an Internet cafe in some foreign country, trying to figure out Google in Arabic, German, French, or Spanish…..or living out of a suitcase, tripping over statues of the Nataraja….while trying to decipher/negotiate hideous legal clauses without bankrupting myself on some 400 buck-an-hour suit.Ergo, this blog was dead…or rather, comatose.

On top of that, I am a never-wazzer on all technical matters.

On the other hand, freed from any ability to measure what works or doesn’t, what to say or not, and whom to please or not, I finally got around to just saying what I think.

That’s turning out not to be so bad.

Moral of the story: Flying  blind sometimes help.

Update:  Greg at The Holy Cause (also on this list) turns out to be my guardian angel.  A big thanks and blogroll link coming up.

And Humble Libertarian gets a link too


Jim Rogers Likes Farmland…

An interview with commodities guru, Jim Rogers, in Newsweek, April 11,2009 :

“Does the future growth of China factor into your bullishness?
China is tiny in comparison to the U.S. economy. Anyone who thinks that the commodities story is driven by China needs to do more homework. In the 1970s, everyone was in recession, and you still had declining supply [in oil] and higher prices. Asia wasn’t even in the game then. China was run by Mao. But now, of course, there are those 3 billion people in Asia who are in the game. It’s just another factor.

Are we going to see another food-price spike sometime soon?
Definitely. I think you should move back to Indiana and marry a farmer. There are times in history when the money lenders have been in charge, and we just came through one of those periods. But it wasn’t always that way. Wall Street was a backwater in the ’40s, ’50s, ’60s and ’70s, and it will be again. Farmers are going to be the ones driving Lamborghinis, and the traders are going to have to learn to drive tractors.

What about technological advances? Another green revolution could easily drive prices down …
Sure, there’s always something that will end a bull market. But if you think we’re anywhere near that point now, think again. Even if everyone in the world decided to put a windmill on their head, it’s going to take decades for that to really change things. In the meantime, you’ve got to put your money somewhere. And as we’re already seeing, even the value of cash can be wiped out.

I guess that’s one reason the Chinese are so worried …
Well, if I were running the Chinese central bank, I’d buy oil, wheat and zinc. Which is what folks there are already doing.”

Update:

Jim Rogers is involved with two direct farmland investment funds: Agcapita (Canada) and Agrifirma (Brazil), according to a comment.

Comment

I agree with Rogers on this and always have.

Unfortunately, until recently it was hard to invest in commodities without going through a trading platform. Now you can buy and sell commodities as ETF’s, although their risks and performance can and will vary from the underlying commodity, so you can end up being in the right sector and still losing money.

But nonetheless, trading will work for a while. Who knows what happens after.

After that, yes, you might think of getting some nice little fruit or veggie farm, where you can stomp around, pull beets out of the ground and milk your pet goat…

At least, that’s the fantasy.

Meanwhile, however, you could do worse than get a rental property near the water. Where is the question.   Forbes tells us that Florida is one of the worst places to buy now

But don’t believe everything in Forbes.

When you see block houses for $50-60k near water and when your hear the Obamites are going to be putting money (or rather credit) into infrastructure, and and every effort is being made to reflate the real estate bubble and create jobs programs in select cities, I’m afraid follow the trend makes sense…

Just make sure the numbers work and your horizon is more than 5 -7 years.

Psy-Op Central: Financial War Games In DC

In the news today, via Politico, this:

 “The Pentagon sponsored a first-of-its-kind war game last month focused not on bullets and bombs — but on how hostile nations might seek to cripple the U.S. economy, a scenario made all the more real by the global financial crisis.

The two-day event near Ft. Meade, Maryland, had all the earmarks of a regular war game. Participants sat along a V-shaped set of desks beneath an enormous wall of video monitors displaying economic data, according to the accounts of three participants.

“It felt a little bit like Dr. Strangelove,” one person who was at the previously undisclosed exercise told POLITICO.

But instead of military brass plotting America’s defense, it was hedge-fund managers, professors and executives from at least one investment bank, UBS – all invited by the Pentagon to play out global scenarios that could shift the balance of power between the world’s leading economies….”

Thanks to the excellent Justin Raimondo, one of the real heavy-weights of  anti-spin commentary, for the lead.

Tikkun Olam – The Salvation of The World

Tikkun Olam is the phrase of Rabbi Isaac Luria, the renowned sixteenth century Kabbalist. It means repairing the world as part of the ongoing spiritualization of the cosmos.

“To contemplate and enter the process of tikkun olam, repairing or perfecting the world, we need to understand the concept of world. All the major religious traditions present a hierarchy of worlds or levels of being, from the one we ordinarily inhabit to the ultimate world of Divinity.

“In Kabbalah, for example, the worlds include Asiyah or Action, Yetzirah or Formation, Beriyah or Creation, and Atzilut or Emanation. Beyond and permeating all these is the Ein Sof, the One God, the Boundless and Unconditioned.

Each of the worlds corresponds to a progressively higher level of spiritual energy and will, and the related level of soul. The world of Action utilizes the sensitive energy, from which the nefesh soul forms. The world of Formation is built on the conscious energy, the basis of awareness, from which the ruach forms. The world of Creation and Light works with the creative energy, from which the neshama forms. The world of Emanation and Divine  Presence brings the high energy of love, from which the chaya forms. And corresponding to the ultimate Ein Sof, touching the yechida soul, we have the  transcendent energy.”

From  the site  The Inner Frontier by Joseph Naft, the son of Holocaust survivors.

My Comment

My understanding is that nephesh corresponds to the physical portion of the soul; ruach corresponds to the heart and emotions; and neshema corresponds to the mental world.

In the Hindu energetic system, that would roughly correspond to the muladhara chakra  (root center), the anahatha chakra  (heart center), and the ajna chakra (third-eye center).

The raising of the light would be equivalent to the raising of the serpent (the kundalini).

It’s interesting that in medieval texts the crucifixion is depicted as a serpent crucified, an image stemming from Kabbalistic correspondence: the Hebrew words NChSh, ‘serpent’, and MShICh,
‘Messiah’ having the same number value, 358.

The serpent was thus a short-cut to symbolize the redemptive act.

But I wonder if this is a medieval (and orthodox) gloss on the older tradition? The raised serpent, the spiritualizing of the cosmos, would be heretical, from an orthodox Christian view point.

On the other hand, maybe it’s just language that makes dialogue between these two visions of salvation as impossible as some say it is.

Can Lucifer (the serpent or the dragon) and St. Michael (the killer of the serpent) talk to each other?

Is Lucifer also sometimes St. Michael?

I wonder.

Ancient Indian Republics

Some thoughts on republicanism in ancient India:

“Perhaps the most useful Greek account of India is Arrian’s Anabasis of Alexander, which describes the Macedonian conqueror’s campaigns in great detail.

The Anabasis, which is derived from the eyewitness accounts of Alexander’s companions, 18 portrays him as meeting “free and independent” Indian communities at every turn. What “free and independent” meant is illustrated from the case of Nysa, a city on the border of modern Afghanistan and Pakistan that was ruled by a president named Aculphis and a council of 300.

After surrendering to Alexander, Aculphis used the city’s supposed connection with the god Dionysus to seek lenient terms from the king:

“The Nysaeans beseech thee, O king out of respect for Dionysus, to allow them to remain free and independent; for when Dionysus had subjugated the nation of the Indians…he founded this city from the soldiers who had become unfit for military service …From that time we inhabit Nysa, a free city, and we ourselves are independent, conducting our government with constitutional order.” 19

Nysa was in Greek terms an oligarchy, as further discussion between Alexander and Aculphis reveals, and a single-city state. There were other Indian states that were both larger in area and wider in franchise. It is clear from Arrian that the Mallian republic consisted of a number of cities.20

Curtius Rufus and Diodorus Siculus in their histories of Alexander mention a people called the Sabarcae or Sambastai among whom “the form of government was democratic and not regal.” 21 The Sabarcae/Sambastai, like the Mallians, had a large state. Their army consisted of 60,000 foot, 6000 cavalry, and 500 chariots.22 Thus Indian republics of the late fourth century could be much larger than the contemporaneous Greek polis . And it seems that in the northwestern part of India, republicanism was the norm. Alexander’s historians mention a large number of republics, some named, some not, but only a handful of kings.23

The prevalence of republicanism and its democratic form is explicitly stated by Diodorus Siculus. After describing the mythical monarchs who succeeded the god Dionysus as rulers of India, he says:

At last, however, after many years had gone, most of the cities adopted the democratic form of government, though some retained the kingly until the invasion of the country by Alexander.24

What makes this statement particularly interesting is that it seems to derive from a first-hand description of India by a Greek traveler named Megasthenes.

Around 300 B.C., about two decades after Alexander’s invasion, Megasthenes served as ambassador of the Greek king Seleucus Nicator to the Indian emperor Chandragupta Maurya, and in the course of his duties crossed northern India to the eastern city of Patna, where he lived for a while.25 If this statement is drawn from Megasthenes, then the picture of a northwestern India dominated by republics must be extended to the entire northern half of the subcontinent.26If we turn to the Indian sources, we find that there is nothing far-fetched about this idea. The most useful sources for mapping north India are three: The Pali Canon, which shows us northeastern India between the Himalayas and the Ganges in the sixth and fifth centuries B.C.; the grammar of Panini, which discusses all of North India, with a focus on the northwest, during the fifth century; and Kautilya’s Arthasastra, which is a product of the fourth century, roughly contemporaneous with Megasthenes. All three sources enable us to identify numerous sanghas and ganas, some very minor, others large and powerful.27

What were these republican polities like? According to Panini, all the states and regions (janapadas ) of northern India during his time were based on the settlement or conquest of a given area by an identifiable warrior people who still dominated the political life of that area.

Some of these peoples (in Panini’s terms janapadins ) were subject to a king, who was at least in theory of their own blood and was perhaps dependent on their special support.28 Elsewhere, the janapadins ran their affairs in a republican manner. Thus in both kinds of state, the government was dominated by people classified as ksatriyas, or, as later ages would put it, members of the warrior caste.

But in many states, perhaps most, political participation was restricted to a subset of all the ksatriyas . One needed to be not just a warrior, but a member of a specific royal clan, the rajanya.29 Evidence from a number of sources shows that the enfranchised members of many republics, including the Buddha’s own Sakyas and the Licchavis with whom he was very familiar, considered themselves to be of royal descent, even brother-kings. The term raja, which in a monarchy certainly meant king, in a state with gana or sangha constitution could designate someone who held a share in sovereignty. In such places, it seems likely that political power was restricted to the heads of a restricted number of “royal families” (rajakulas) among the ruling clans. The heads of these families were consecrated as kings, and thereafter took part in deliberations of state.

Our Indian republics are beginning to sound extremely undemocratic by our modern standards, with real power concentrated in the hands of a few patriarchs representing the leading lineages of one privileged section of the warrior caste. A reader who has formed this impression is not entirely mistaken. No doubt the rulers of most republics thought of their gana as a closed club — as did the citizens of Athens, who also defined themselves as a hereditarily privileged group. But, as in ancient Athens, there are other factors which modify the picture, and make it an interesting one for students of democracy.

First, the closed nature of the ruling class is easy to exaggerate. Republics where only descendants of certain families held power were common; but there was another type in which power was shared by all ksatriya families.31

This may not sound like much of a difference, since the restriction to the warrior caste seems to remain. But this is an anachronistic view of the social conditions of the time. The varnas of pre-Christian-era India were not the castes of later periods, with their prohibitions on intermarriage and commensality with other groups.32 Rather, they were the constructs of theorists, much like the division of three orders (priests, warriors and workers) beloved by European writers of the Early Middle Ages.33 Such a classification was useful for debating purposes, but was not a fact of daily existence. Those republics that threw open the political process to all ksatriyas were not extending the franchise from one clearly defined group to another, albeit a larger one, but to all those who could claim, and justify the claim, to be capable of ruling and fighting…

From “Democracy in Ancient India,” Steve Muhlberger

Pasternak On The Resurrection

………”Cold steel,”
The Master said, “can never solve a dispute.
Put up thy sword. Return it to its sheath.

“Were it His will, could not the Father send
A host of winged legions to my aid?
Not a hair upon my head would suffer.
My foes would all be scattered without trace.

“But in the Book of Life a page has turned,
More sacred and more precious than all else.
That which is written must now be accomplished.
Amen. So let it therefore come to pass.

“The progress of the ages, like a parable,
In mid course may suddenly take flame,
And faced by that dread grandeur, I’m prepared
To suffer and descend into the grave.

“And from the grave on the third day I’ll rise.
Then, like a fleet of barges down the stream,
The centuries will float forth from the night
And make their way before my judgment seat.”

Excerpted from “Gethsemane’s Garden,” Boris Pasternak