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Posts Tagged ‘politics’

Companies Can’t Fire People Because of ObamaCare Costs – HUH?

by Gary DeMar

“Obama officials made clear in a press briefing that firms would not be allowed to lay off workers to get into the preferred class of those businesses with 50 to 99 employees. . . . Firms will be required to certify to the IRS – under penalty of perjury – that ObamaCare was not a motivating factor in their staffing decisions. To avoid ObamaCare costs you must swear that you are not trying to avoid ObamaCare costs.”
Once again, power has been deferred to the IRS where the Fifth Amendment does not apply and the agency is lawless with the tacit approval of the President. Try pleading the Fifth when you sign your tax return.
Then there’s the EEOC, the Equal Employment Opportunity Commission. People who are fired for whatever reason will have cause to appeal to the EEOC. I can tell you from personal business experience, it’s an expensive and time consuming enterprise, even if you win like my company did.
You know it had to happen. Once the government got control of our healthcare (we were warned), there wouldn’t be any area that it would not be involved in. Once people get used to the idea of government regulating their lives in small areas where they do not believe the law will adversely affect them, they will acquiesce in more significant areas where they will be negatively affected.

“The paternal state not only feeds its children, but nurtures, educates, comforts, and disciplines them, providing all they need for their security. This appears to be a mildly insulting way to treat adults, but it is really a great crime because it transforms the state from being a gift of God, given to protect us against violence, into an idol. It supplies us with all blessings, and we look to it for all our needs. Once we sink to that level, as [C.S.] Lewis says, there is no point in telling state officials to mind their own business. “Our whole lives are their business.”[1]
“The paternalism of the state is that of the bad parent who wants his children dependent on him forever. That is an evil impulse. The good parent prepares his children for independence, trains them to make responsible decisions, knows that he harms them by not helping them to break loose. The paternal state thrives on dependency. When the dependents free themselves, it loses power. It is, therefore, parasitic on the very persons whom it turns into parasites. Thus, the state and its dependents march symbiotically [in close union with one another] to destruction.”[2]
It was President Obama who said, “That’s the good thing about being president. I can do whatever I want.”

Read more at http://godfatherpolitics.com/14334/companies-cant-fire-people-obamacare-costs/#URJ5uc2ULCxPpP7e.99

Weekend Edition: The Obamacare Crap Sandwich

By Craig Andresen

Obamacare is 100% pure crap and liberals and socialists are running away from it, using any desperate line of bull they can concoct to blame it on others.

They are now trying to blame it on the government shutdown.

It was NOT the Republicans who shut down the government…The Obama administration with the assistance of Harry Reid and the liberal/socialists of the senate did that.

We KNOW they did it because this administration had everything they needed ready to go the second the shutdown began.

They had their “closed” signs professionally printed by the THOUSANDS and barricades ready to be placed IMMEDIATELY and that could ONLY have been accomplished with PRIOR PLANNING.

It made no difference WHAT proposals the Republicans would have made leading up TO the shutdown…Obama said he would NOT negotiate and Reid was bound and determined to NOT allow a single measure put forward to see the senate floor for a vote.

Liberals and socialists had their talking points, all the names, “arsonists, hostage takers, ransom demanders, terrorists, extremists, racists” and others all lined up and were ready to let it fly and blame the Republicans for what THEY, the liberals and socialists, had planned.

Why?

Check your calendars…

How convenient that the government shutdown would coincide EXACTLY with the roll out of Obamacare.

This administration, we are now learning, had all the advanced warning necessary to KNOW, full well, that the Obamacare website was going to crash and burn.

They also knew that once that site went live, any who WERE able to log on would be met with the shock of their lives.

Sticker shock.

The high price of Obamacare insurance was going to be enough to stun and anger the public and Obama, his administration and his liberal/socialist minions in congress KNEW it.

This administration also knew that people, MILLIONS of Americans, were about to be kicked out of their existing insurance coverage and when THEY got a look at the prices of their new plans…THEY were going to be seeing RED.

In an attempt to keep people from achieving instant outrage, this administration, just a couple of weeks prior to the roll out, ordered that the browse feature of the Obamacare website be buried so deep within the site that those who managed to log in wouldn’t be able to get there without first entering all their personal information.

The intent, during the liberal/socialist administration’s imposed “shutdown” of the government was to brag about the “high numbers” of people trying to log on to the website in order to make it look as though there was a high demand for Obamacare and, they did just that.

They were lying.

Once the “shutdown” of 17% of the government came to an end…they were exposed.

Obamacare was exposed.

Obama’s lies regarding “if you like your plan…If you like your doctor…You can KEEP them…PERIOD” were exposed.

The obscene prices were exposed.

MILLIONS of Americans being kicked off their existing coverage was exposed.

And the liberal/socialist buffoons in congress who voted for Obamacare and defended Obamacare for the last 3 years were exposed.

Perhaps, most importantly…

The ideology behind it all, the driving force of this administration…SOCIALISM…Was exposed.

And now, liberals and socialists, like Frank Pallone from New Jersey, are left to lie about Obamacare as they try, uncomfortably, to dismiss the truth.

Pallone seems ready to wet himself here.

Pallone, trying to mask socialism, offers that nobody is going to buy lousy insurance if there is a better alternative. Pallone…OBAMACARE is lousy insurance and people are done buying the lies!!!

We know that the Obama administration is now, actively, blaming insurance companies for kicking Americans to the Obamacare curb.

We know that’s a lie because…

We also know that the original “grandfather clause” in Obamacare would have allowed people to keep what they already had and, that this administration quickly crafted NEW regulations which would make that IMPOSSIBLE by TIGHTENING the noose on Insurance companies within 2 months of passing the bill.

We now know that it’s not just a website purposefully designed to fail that is keeping people from enrolling in Obamacare.

OBAMACARE itself is keeping people from enrolling.

On day 1, October 1st, 2013, we know that 4.7 million Americans logged on and that all of 6…SIX PEOPLE bought into the Obama/Reid, Pelosi and…Pallone lies, and enrolled.

That is only 1/10,000 of 1% of those who logged on.

That destroys the liberal/socialist talking point and bragging point of high numbers.

We know that in those states with their own exchanges rather than the federal government exchange…approximately 80%-90% of those who have enrolled, have enrolled in Medicaid…the FREE healthcare and that only 10% or so have enrolled in out of pocket Obamacare insurance.

So far, in Oregon…ZERO have bought Obamacare and 100% have gone on free Medicad.

Liberals and socialists are running amok trying to convince people that this is all the fault of Republicans and the Tea Party. That this has been made worse because of the shutdown they are still trying to blame on the Republicans.

And the ideology behind it all…SOCIALISM…Is now fully exposed in that their liberals are now trying to tell those who simply can’t afford the “Affordable Care Act” that the reason they HAVE to buy Obamacare insurance is because whatever they had has been deemed…BY BIG GOVERNMENT AND BIG BROTHER…To be inadequate.

GOVERNMENT…They will tell you…KNOWS BETTER WHAT YOU NEED THAN YOU DO!!!

The lies and corruption just keep coming.

Obama hired an outfit, CGI Federal from Canada to build the Obamacare website.

CGI Federal has now been fired BY Canada for building THEIR loused up healthcare website.

What was it Obama said to do when HIS website wouldn’t work? Oh yes…Phone it in and fill out the PAPERwork and MAIL it in.

So…Who did he hire to process all that PAPERwork???

Serco.

According to the Obama administration…“Serco is a highly-skilled company that has a proven track record in providing cost-effective services to numerous other federal agencies.

“The selection met all of the requirements for a full and open competition and, the timing enables us to be ready for marketplace open enrollment starting on October 1.”

Serco…The “highly skilled company that has a proven track record providing cost-effective service to numerous other federal agencies,” and a worldwide employer of 120,000 now under investigation for…RIPPING OFF THE BRITISH GOVERNMENT to the tune of $80 MILLION dollars.

Now, we discover that the Senior VP of CGI Federal, the inept company that won the no-bid contract to build the insipid Obamacare website is none other than…Toni Townes-Whitley, a Princeton class of ’85, classmate of none other than…MICHELLE OBAMA.

And finally, the socialist Obama must hire “the best and brightest” to fix the Obamacare website. It must come as the ultimate shame to his ideology that the “best and brightest” work in the PRIVATE SECTOR and NOT for the government.

The website can be fixed but, the law itself cannot.

The law will fail as surely as has the ideology upon which it is based, Socialism, fails every time and in every place it has been tried and there are reason for that.

Obamacare, like socialism itself, requires other people’s money and while the Obama administration says the numbers aren’t available yet, they’re lying.

The number ARE available, those numbers are leaking out and they tell a sad tale for socialists.

When at least 80% of those who have been able to see the prices on their state run exchanges are enrolling for the FREE Medicaid rather than the out of pocket Obamacare…It’s failing.

When ONLY 1/10,000 of 1% of those who logged on to the Obamacare site on day 1 bought Obamacare…It’s failing.

That is because, Obamacare, just like socialism, is based on lies and corruption.

Liberals and socialists up for election in the house in 2014 must now run FROM Obamacare rather than ON Obamacare and those liberals and socialists in the senate, seeking to keep their seats in 2014 have to run away from it too.

They have all been exposed and now…THEY want the individual mandate delayed.

Funny, isn’t it?

Those are the exact same liberals and socialists who, just 4 weeks ago, called anyone who was asking for a delay…Terrorists, arsonists, extremists, hostage takers, ransom demanders and…Racists.

Now, Americans…ALL Americans know that Obamacare is A 100% crap sandwich and, they know exactly who packed their lunch.

Craig Andresen

The National Patriot

The ‘Perpetual Student’ Changed American Politics

By Dell’s Bottom Line
The Vietnam War may have affected the United States in a way that is just now rearing its ugly head – the perpetual student.

I don’t know of any war that can be classified as “popular”, but the war in Vietnam was certainly one of our most “unpopular”, triggering a long list of events including massive antiwar demonstrations, civil disobedience, an expanded drug culture, a free sex atmosphere from the “make love, not war” crowd, just to name a few.

At the age of 19, I had graduated from high school (almost 50 years ago!), had worked a full 40 hour week job for over two years, was married and had one child! I also enlisted in the Army because that’s what every male in my family had done for generation after generation. Even though I was prepared to go to Vietnam, the military had a pecking order in place and single men got combat orders before married soldiers with dependents.

We saw several thousand draft dodgers run for the border to escape being drafted into the military and we also saw one other, very important change that I’ve called the perpetual student.

Military draft deferments were issued for a wide variety of things, chief among them being physical impairments that made training and military service extremely difficult, if not impossible. Everyone knew what it meant to be 4-F – the classification for physically impaired draft-age men. (Women were not drafted)

Probably the second most popular deferment sought by those who wished to avoid being drafted was the student deferment, and that’s the category I believe had a significant impact on the political complexion of the United States.

Normally, 12 years of high school led to two or four years of college and then it was on to the private sector, starting and raising a family and a job to support that family. You registered for the draft on your 18th birthday, but didn’t have to be worried because you were still in college and were assigned a student deferment. As the war raged on, that formula changed. College students completed their normal course of studies and then enrolled in graduate programs and – for many – simply stayed there until the war was over! Some were in their 30s, still living at home or in a VW microbus, and there really wasn’t much to do except party down.

Following the Grateful Dead from concert to concert was, for many, a profession. Staying stoned on drugs made it all easier to accomplish. American heros to this crowd included Jerry Garcia, Bob Weir, Phil Lesh, Mickey Hart, Bill Kreutzmann, Robert Hunter,Ron “Pigpen” McKernan, Brent Mydland, Donna Godchaux, Vince Welnick, Keith Godchaux, Tom Bruce Hornsby and Tom Constanten. And, of course, Timothy Leary, who exhorted his followers to “Turn on, tune in, drop out” while under the influence of LSD.

The war eventually ended, but the perpetual student remained…and does so to this day.


Two Of Your Average 60s College Students

While many thousands of young men and women followed the “normal” path to adulthood – complete with the responsibilities directly associated with starting and raising a family, establishing themselves in a career field and generally prepared themselves to become productive members of society, the perpetual student stayed in a state of limbo – seemingly not giving a damn what the rest of the world was doing, so long as it didn’t involve them having to work or take any responsibility for their own actions. They had avoided the war and that was all that was important. Life was good; why change a thing?

Of course there was that little matter of paying what most of us considered our fair share for police, fire, rescue, schools, roads, infrastructure, etc. We had jobs and, therefor, paid taxes. If the perpetual student had a paying job it was all under the table, with no weekly paycheck deductions and certainly no ugly tax returns to file every April 15th. They were certainly taking everything and not paying for anything, and the more they received “free” from the government the better.

Most of those people simply never grew up. They continued living off of others and found that to be a lucrative lifestyle. They take responsibility for nothing and never will. “Hey! If someone’s going to give you everything, why work for anything?”

Today, they’re running the country and advancing dependency on government(s) to give them every single thing they feel they need, because it’s a right – somehow woven into the Constitution – probably hidden in the “”Life, Liberty and the pursuit of Happiness” clause of the Declaration of Independence.

By way of example; it was not all that long ago when unemployment checks were paid out up to a maximum of 26 weeks. Today, unemployment recipients cash those checks for 99 weeks. There’s even talk inside the Beltway of extending UC “benefits” longer still.

There’s a name for that lifestyle and governance – socialism – and socialism only works as long as you don’t run out of other people’s money. Call it class warfare, if you will – the haves providing for the have nots. Redistribution of wealth, whereby those who take responsibility and earn what they have are forced by their government to give what they have to those who refuse to earn it for themselves.

We aren’t heading in that direction, we’re there now.

61 million Americans just went to the polls and approved of turning the United States into a socialist state – even after seeing just what such a government could do to destroy a country in very short order over the preceding four years.

A travesty of the highest order; especially when such notable leaders of the former Soviet Union publicly question the intelligence of U.S. voters and suggest that Barack Obama will destroy the United States.

And when the United States goes down, most of the free world will go down with it. So very much of the world economy is based on the U.S. dollar that an economic collapse here would have an immediate, profound effect in most of the rest of the world. You can even measure that effect by watching the stock market. Whenever the U.S. stock markets go down, the markets in the rest of the world drop also.

The Woodstock generation of 1969 has taken over.

Financial Markets, Politics and the New Reality

By George Friedman

Louis M. Bacon is the head of Moore Capital Management, one of the largest and most influential hedge funds in the world. Last week, he announced that he was returning one quarter of his largest fund, about $2 billion, to his investors. The reason he gave to The New York Times was that he had found it difficult to invest given the impossibility of predicting the European situation. He was quoted as saying, “The political involvement is so extreme — we have not seen this since the postwar era. What they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”

The purpose of hedge funds is to make money, and what Bacon essentially said was that it is impossible to make money when there is heavy political involvement, because political involvement introduces unpredictability in the market. Therefore, prudent investment becomes impossible. Hedge funds have become critical to global capital allocation because their actions influence other important actors, and their unwillingness to invest and trade has significant implications for capital availability. If others follow Moore Capital’s lead, as they will, there will be greater difficulty in raising the capital needed to address the problem of Europe.

But more interesting is the reasoning. In Bacon’s remarks, there is the idea that political decisions are unpredictable, or less predictable than economic decisions. Instead of seeing German Chancellor Merkel as a prisoner of non-market forces that constrain her actions, conventional investors seem to feel that Europe is now subject to Merkel’s whims. I would argue that political decisions are predictable and that Merkel is not making decisions as much as reflecting the impersonal forces that drive her. If you understand those impersonal forces, it is possible to predict political behaviors, as you can market behaviors. Neither is an exact science, but properly done, neither is impossible.

Political Economy

In order to do this, you must begin with two insights. The first is that politics and the markets always interact. The very foundation of the market — the limited liability corporation — is political. What many take as natural is actually a political contrivance that allows investors to limit their liability. The manner in which liability is limited is a legal issue, not a market issue, and is designed by politicians. The structure of risk in modern society revolves around the corporation, and the corporation is an artifice of politics along with risk. There is nothing natural about a nation’s corporate laws, and it is those corporate laws that define the markets.

There are times when politics leave such laws unchanged and times when politics intrude. The last generation has been a unique time in which the prosperity of the markets allowed the legal structure to remain generally unchanged. After 2008, that stability was no longer possible. But active political involvement in the markets is actually the norm, not the exception. Contemporary investors have taken a dramatic exception — the last generation — and lacking a historical sense have mistaken it for the norm. This explains the inability of contemporary investors to cope with things that prior generations constantly faced.

The second insight is the recognition that thinkers such as Adam Smith and David Ricardo, who modern investors so admire, understood this perfectly. They never used the term “economics” by itself, but only in conjunction with politics; they called it political economy. The term “economy” didn’t stand by itself until the 1880s when a group called the Marginalists sought to mathematize economics and cast it free from politics as a stand-alone social science discipline. The quantification of economics and finance led to a belief — never held by men like Smith — that there was an independent sphere of economics where politics didn’t intrude and that mathematics allowed markets to be predictable, if only politics wouldn’t interfere.

Given that politics and economics could never be separated, the mathematics were never quite as predictive as one would have thought. The hyper-quantification of market analysis, oblivious to overriding political considerations, exacerbated market swings. Economists and financiers focused on the numbers instead of the political consequences of the numbers and the political redefinitions of the rules of corporate actors, which the political system had invented in the first place.

The world is not unpredictable, and neither is Europe nor Germany. The matter at hand is neither what politicians say they want to do nor what they secretly wish to do. Indeed, it is not in understanding what they will do. Rather, the key to predicting the political process is understanding constraints — the things they can’t do. Investors’ view that markets are made unpredictable by politics misses two points. First, there has not been a market independent of politics since the corporation was invented. Second, politics and economics are both human endeavors, and both therefore have a degree of predictability.

Merkel’s Constraints

The European Union was created for political reasons. Economic considerations were a means to an end, and that end was to stop the wars that had torn Europe apart in the first half of the 20th century. The key was linking Germany and France in an unbreakable alliance based on the promise of economic prosperity. Anyone who doesn’t understand the political origins of the European Union and focuses only on its economic intent fails to understand how it works and can be taken by surprise by the actions of its politicians.

Postwar Europe evolved with Germany resuming its prewar role as a massive exporting power. For the Germans, the early versions of European unification became the foundation to the solution of the German problem, which was that Germany’s productive capacity outstripped its ability to consume. Germany had to export in order to sustain its economy, and any barriers to free trade threatened German interests. The creation of a free trade zone in Europe was the fundamental imperative, and the more nations that free trade zone encompassed, the more markets were available to Germany. Therefore, Germany was aggressive in expanding the free trade zone.

Germany was also a great supporter of Europewide standards in areas such as employment policy, environmental policy and so on. These policies protect larger German companies, which are able to absorb the costs, from entrepreneurial competition from the rest of Europe. Raising the cost of entry into the marketplace was an important part of Germany’s strategy.

Finally, Germany was a champion of the euro, a single currency controlled by a single bank over which Germany had influence in proportion to its importance. The single currency, with its focus on avoiding inflation, protected German creditors against European countries inflating their way out of debt. The debt was denominated in euros, the European Central Bank controlled the value of the euro, and European countries inside and outside the eurozone were trapped in this monetary policy.

So long as there was prosperity, the underlying problems of the system were hidden. But the 2008 crisis revealed the problems. First, most European countries had significant negative balances of trade with Germany. Second, European monetary policy focused on protecting the interests of Germany and, to a lesser extent, France. The regulatory regime created systemic rigidity, which protected existing large corporations.

Merkel’s policy under these circumstances was imposed on her by reality. Germany was utterly dependent on its exports, and its exports in Europe were critical. She had to make certain that the free trade zone remained intact. Secondarily, she had to minimize the cost to Germany of stabilizing the system by shifting it onto other countries. She also had to convince her countrymen that the crisis was due to profligate Southern Europeans and that she would not permit them to take advantage of Germans. The truth was that the crisis was caused by Germany’s using the trading system to flood markets with its goods, its limiting competition through regulations, and that for every euro carelessly borrowed, a euro was carelessly lent. Like a good politician, Merkel created the myth of the crafty Greek fooling the trusting Deutsche Bank examiner.

The rhetoric notwithstanding, Merkel’s decision-making was clear. First, under no circumstances could she permit any country to leave the free trade zone of the European Union. Once that began she could not predict where it would end, save that it might end in German catastrophe. Second, for economic and political reasons she had to be as aggressive as possible with defaulting borrowers. But she could never be so aggressive as to cause them to decide that default and withdrawal made more sense than remaining in the system.

Merkel was not making decisions; she was acting out a script that had been written into the structure of the European Union and the German economy. Merkel would create crises that would shore up her domestic position, posture for the best conceivable deal without forcing withdrawal, and in the end either craft a deal that was not enforced or simply capitulate, putting the problem off until the next meeting of whatever group.

In the end, the Germans would have to absorb the cost of the crisis. Merkel, of course, knew that. She attempted to extract a new European structure in return for Germany’s inevitable capitulation to Europe. Merkel understood that Europe, and one of the foundations of European prosperity, was cracking. Her solution was to propose a new structure in which European countries accepted Brussels’ oversight of their domestic budgets as part of a systemic solution by the Germans. Some countries outright rejected this proposal, while others agreed, knowing it would never be implemented. Merkel’s attempt to recoup by creating an even more powerful European apparatus was bound to fail for two reasons. First and most important, giving up sovereignty is not something nations do easily — especially not European nations and not to what was effectively a German structure. Second, the rest of Europe knew that it didn’t have to give in because in the end Germany would either underwrite the solution (by far the most likely outcome) or the free trade zone would shatter.

If we understand the obvious, then Merkel’s actions were completely understandable. Germany needed the European Union more than any other country because of its trade dependency. Germany could not allow the union to devolve into disconnected nations. Therefore, Germany would constantly bluff and back off. The entire Greek drama was the exemplar of this. It was Merkel who was trapped and, being trapped, she was predictable.

The euro question was interesting because it intersected the banking system. But in focusing on the euro, investors failed to understand that it was a secondary issue. The European Union was a political institution and European unity came first. The lenders were far more concerned about the fate of their loans than the borrowers were. And whatever the shadow play of the European Central Bank, they would wind up doing the least they could do to avert default — but they would avert default. The euro might have been what investors traded, but it was not what the game was about. The game was about the free trade zone and Franco-German unity. Merkel was not making decisions based on the euro, but on other more pressing considerations.

Modern Trading

The investors’ problem is that they mistake the period between 1991 and 2008 as the norm and keep waiting for it to return. I saw it as a freakish period that could survive only until the next major financial crisis — and there always is one. While the unusual period was under way, political and trade issues subsided under the balm of prosperity. During that time, the internal cycles and shifts of the European financial system operated with minimal external turbulence, and for those schooled in profiting from these financial eddies, it was a good time to trade.

Once the 2008 crisis hit external factors that were always there but quiescent became more overt. The internal workings of the financial system became dependent on external forces. We were in the world of political economy, and the political became like a tidal wave, making the trading cycles and opportunities that traders depended on since 1991 irrelevant. And so, having lost money in 2008, they could never find their footing again. They now lived in a world where Merkel was more important than a sharp trader.

Actually, Merkel was not more important than the trader. They were both trapped within constraints about which they could do nothing. But if those constraints were understood, Merkel’s behavior could be predicted. The real problem for the hedge funds was not that they didn’t understand what they were doing, but the manner in which they had traded in the past simply no longer worked. Even understanding and predicting what political leaders will do is of no value if you insist on a trading model built for a world that no longer exists.

What is called high velocity trading, constantly trading on the infinitesimal movements of a calm but predictable environment, doesn’t work during a political tidal wave. And investors of the last generation do not know how to trade in a tidal wave. When we recall the two world wars and the Cold War, we see that this was the norm for the century and that fortunes were made. But the latest generation of investors wants to control risk rather than take advantage of new realities.

However we feel about the performance of the financial community since 2007, there must be a system of capital allocation. That can be operated by the state, but there is empirical evidence that the state isn’t very good at making investment decisions. But then, the performance of the financial community has been equally unacceptable, with more than its share of mendacity to boot. The argument for private capital allocation may be theoretically powerful, but the fact is that the empirical validation of the private model hasn’t been there for several years.

A strong argument can be made — corruption and stupidity aside — that the real problem has been a failure of imagination. We have re-entered an era in which political factors will dominate economic decisions. This has been the norm for a very long time, and traders who wait for the old era to return will be disappointed. Politics can be predicted if you understand the constraints under which a politician such as Merkel acts and don’t believe that it is simply random decisions. But to do that, you have to return to Adam Smith and recall the title of his greatest work, The Wealth of Nations. Note that Smith was writing about nations, about politics and economics — about political economy.

Read more: Financial Markets, Politics and the New Reality | Stratfor

The Lord God George Soros hits Germany: If Germany Persists, Europe Is Doomed

George Soros has gone to Berlin to tell the Germans that their policies are leading to the disintegration of not just the Euro, but Europe itself.

Yesterday in a panel on the “Future of Europe” at a conference organized by the Institute for New Economic Thinking, Soros said:

The Euro has really broken down. It has sprung defects, some of which could have been anticipated and some were anticipated. But some actually couldn’t. Effectively, heavily indebted countries [in Europe] have ended up in the position of a third world country that is heavily indebted in a foreign currency. And that is only one of the unanticipated results of how things worked out [with the Euro].
Soros went on to say that Europe is simultaneously suffering from a Euro Crisis, a sovereign debt crisis, a balance of payments crisis, a banking crisis, a competitiveness crisis and suffering from other serious structural defects.

Bottom line. Soros thinks Europe is over unless Germany immediately changes course and develops a policy framework that is far more flexible and pragmatic than it is forcing now.
[youtube]http://www.youtube.com/watch?v=T0_0A1K7dlE[/youtube]

Criticism of Islam Could Soon be a Crime in America

Speak now or forever be a slave to Islam. via Criticism of Islam Could Soon be a Crime in America » Publications » Family Security Matters.

When President Obama delivered his much-anticipated speech to the Muslim world at Cairo University in June 2009, the free world trembled while the OIC (Organization of Islamic Cooperation) gushed with praise and begged for a meeting with Secretary of State Hillary Clinton.

The OIC is the largest head of state organization in the world after the United Nations (UN) itself and comprises 56 Muslim countries plus the Palestinians. Itclaims to be the “collective voice of the Muslim world,” i.e., the ummah, and speaks on its behalf in effect as the seat of the next Islamic Caliphate. In 1990, the OIC membership adopted the “Cairo Declaration ,” which officially exempted all Muslim countries from compliance with the UN Universal Declaration on Human Rights and replaced it with Islamic law (shariah).

One of the fundamental laws of Islam deals with “slander ,” which is defined in shariah as saying “anything concerning a person [a Muslim] that he would dislike.” At the OIC’s Third Extraordinary Session, held in Mecca, Saudi Arabia in December 2005, the organization adopted a “Ten-Year Programme of Action to Meet the Challenges Facing the Muslim Ummah in the 21st Century.” A keyagenda item of that meeting was “the need to counter Islamophobia” by seeking to have the UN “…adopt an international resolution to counter Islamophobia, and call upon all States to enact laws to counter it, including deterrent punishments.” The word “Islamophobia” is a completely invented word, coined by the International Institute of Islamic Thought (IIIT), a Muslim Brotherhood (Ikhwan) front group. OIC adoption of the term reflects the close operational relationship between the OIC and the Ikhwan.

Six years later, Secretary of State Hillary Clinton is due to host OIC Secretary General Ekmeleddin Ihsanoglu in Washington, DC in mid-December 2011 to discuss how the United States can implement the OIC agenda to criminalize criticism of Islam. Cloaked in the sanctimonious language of “Resolution 16/18,” that was adopted by the UN Human Rights Council in April 2011, the WDC three-day experts meeting is billed as a working session to discuss legal mechanisms to combat religious discrimination (but the only religion the Human Rights Council has ever mentioned in any previous resolution is Islam). The UN Human Rights Council, which includes such bastions of human rights as China, Cuba, Libya, Pakistan, and Saudi Arabia, introduced Resolution 16/18 to the UN General Assembly (UNGA), where it was passed in March 2011.

The Resolution was presented to the UNGA by Pakistan (where women get the death penalty for being raped and “blasphemy” against Islam is punished by death). Ostensibly about “combating intolerance, negative stereotyping and…incitement to violence against persons based on religion or belief,” the only partnership mentioned in the text is the one with the OIC. The U.S., whose official envoy to the OIC, Rashad Hussain, helped write Obama’s Cairo speech, actively collaborated in the drafting of Resolution 16/18.

Now, the OIC’s Ihsanoglu will come to Washington, DC, the capital of one of the only countries in the world with a Constitution that guarantees freedom of speech and a judicial system that consistently defends it, with a publicized agenda to criminalize criticism of Islam. His agenda, and, apparently that of his host, the U.S. Department of State, seek to bring the U.S. into full compliance with Islamic law on slander, as noted above.

Read it all and Contact Your Elected Officials – NOW!

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