John A. Allison discusses Peter Wallison’s Book “Bad History, Worse Policy” on C-SPAN2

John Allison is the President and CEO of the Cato Institute. Prior to joining Cato, Allison was Chairman and CEO of BB&T Corporation, the 10th largest financial services holding company headquartered in the United States. During his tenure as CEO from 1989 to 2008, BB&T grew from $4.5 billion to $152 billion in assets. He was recognized by the Harvard Business Review as one of the top 100 most successful CEOs in the world over the last decade.

Allison has received the Corning Award for Distinguished Leadership, been inducted into the North Carolina Business Hall of Fame, and received the Lifetime Achievement Award from the American Banker. He is a former Distinguished Professor of Practice at Wake Forest University School of Business, and serves on the Board of Visitors at the business schools at Wake Forest, Duke, and UNC-Chapel Hill.

Allison is a Phi Beta Kappa graduate of the University of North Carolina at Chapel Hill. He received his master’s degree in management from Duke University, and is also a graduate of the Stonier Graduate School of Banking.

via John A. Allison discusses Peter Wallison's Book "Bad History, Worse Policy" on C-SPAN 2's Book TV – YouTube.

“If I wanted America to fail” Earth Day Special

The environmental agenda has been infected by extremism—it’s become an economic suicide pact. And we’re here to challenge it. On Earth Day, visit http://www.freemarketamerica.org.

We all know why the Watermelons (Green outside, red inside) want America to fail. A failed state is ripe for totalitarian takeover. Just ask the Germans, the Russians, the Chinese, the Cubans, the Venezuelans, the Vietnamese, the Rhodesians (if you can find any), soon the Argentinians. and on and on and on

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And to remind you of how long the Watermelon totalitarians and their media accomplices have been working on this:
From Newsweak (sic) April, 28, 1975

Click here for your full size pdf.

The Fed Unspun: The Other Side of the Story

“Ben Bernake fancies himself as a student of the Great Depression,” says renowned investment broker, global strategist, author, and Austrian economist Peter Schiff, “but… if he were my student he would have gotten an F.”

During a lecture entitled “The Fed Unspun: The Other Side of the Story”, Schiff responded to Bernake’s recent four-part college lecture series, rebutting many of the Federal Reserve Chairman’s claims about the cause of the housing crisis, the role of the Federal Reserve, the value of the gold standard, and more.

Cosponsored by the FreedomWorks Foundation and hosted at Reason Foundation’s DC office, the lecture was followed by a lively Q&A with the assembled audience, including students who attended Bernanke’s George Washington University lectures.

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The Progressive Nightmare & The Conservative Solution

The Progressive Nightmare

The Progressive Nightmare, posted with vodpod

The Conservative Solution

The Conservative Solution, posted with vodpod

The Difference

Can be explained by the views on Hayek’s Road to Serfdom

TEA Party: A warning

Cocktail Party*: Nothing to see here, move along.

Dhimmi Party: A roadmap**

*I used to call these the establishmentarian Rethuglicans, but this has come into more common usage and means the same group (the rethuglicaans that spend like dhimmis in order to keep getting invited to the DC cocktail parties) I’ll go with the new term.

**I think the Cloward-Pivens plan took that approach

The Road to Serfdom in Cartoons, Published by General Motors Company, circa 1950, printed in Look Magazine:
PDF File
Windows Media Video File

Readers Digest condensed The Road to Serfdom PDF

The full book is avaialble at Amazon, Barnes and Noble, and Kobo.com

You might also want to check out Daniel Hannan’s The New Road to Serfsom, A Letter of Warning to American

Underpants Gnomes aka Gutless Rethuglican Establishmentarians

I saw this on Hot Air:

Underpants Gnomes debt plan:
Phase 1: Defeat Boehner;
Phase 2: ???;
Phase 3: Cut, Cap, Balance!

What they seem to be advocating seems to be:

Establishmentarian Gnomes debt plan:
Phase 1: Surrender;
Phase 2: ???;
Phase 3: Victory!

I’ve been mentored by high school and colege athletic coaches (multiple sports), Vietnam era Drill Sergeants (they deserve capitalization), Special Forces Officers (them,too) and have even been a TAC NCO at Officer Candidate School and I can assure you that victory is not a result of surrender!

FIGHT YOU BASTARDS! Or we’ll find someone who will! In the streets, if necessary. The Estaplishmentarian Rethuglicans don’t have enough guts in their entire caucus to field a Lingerie Football Team! Actually probably not a grade school chess team, the ladies of the LFL seem to be quite a bit more aggressive and gutsy. Maybe Patton could slap some courage into these sniveling cowards! Were they ever weaned, I wonder?

You keep using that word. Or, There You Go Again.

Consumer confidence falls unexpectedly in May

My Grandmother, a feisty old broad, had a saying for this, “Like a cat trying to cover up on linoleum.” Ever seen it? The Lame Stream Media are trying (very), but don’t you agree the word “unexpectedly is just about worn out?

And this is unexpected?
“Consumers are considerably more apprehensive about future business and labor market conditions as well as their income prospects,” said Lynn Franco, director of The Conference Board Consumer Research Center. She said fears over inflation picked up again in May.

There’s that Word Again, posted with vodpod

A Hole(s)

With the economy sliding deeper into a recession, panelists discuss whether it’s time to stop throwing our money into a massive pit out in the desert.

It would actually help if they did burn it instead of burning through it.. Not to worry, though. The Fed can create much more with just a few keystrokes. And of course the Treasury’s printing presses are running overtime. With enough inflation our debt will disappear, just ask Zimbabwe. They replaced the Rhodesian Dollar (which had a 1:1 exchange rate with US dollars in the mid ’70s, I know, I was there) on a one to one basis in 1980. When they finally got out of the money printing business they were printing Z$100 Trillion bills. On 8 November 2008 one of those bills was “officially” worth $147.50. Note that our debt is all in US dollars, does that give you any ideas? Can we /should we inflate our way out of debt? By the way, now in Zimbabwe they use a “basket of currencies” (sound familiar?) that includes the US dollar, South African Rand, Botswana Pula and the Pound Sterling. I wonder what our “basket” will consist of?

Courtesy of Onion News Network

There’s That Word Again

From CNBC:

New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed (sic) faster than expected in March, government reports showed on Thursday.

A Grim Fairy Tale

I have been wondering about the seemingly incoherent policies propagating out of the District of Corruption and trying to develop a model of thinking and goals that would be consistent with the insanity. I have had to abandon any thought of citizen or taxpayer well-being or maintenance of American exceptionalism in order to come up with a somewhat consistent model.

The District of Corruption has become, in essence, a wholesale club sized Faculty Lounge that has developed a plan to run the country as a university focused on the welfare of the faculty over the students or the payers of the tuition.

First is the plan to get out of debt seems to be Quantitative Easing III, IV, V, VI, and however many more it takes to make all those outstanding Treasury Bills (and their interest obligations) worthless. The fact that it will impoverish the American citizenry is as Microsoft used to say, “not a bug, but a feature.” It will wipe out the rich as well as the successful and the thrifty, thus putting all citizens’ welfare in the hands of those best qualified to judge a persons worth (no not the free market, that is seen as cruel, unfair and idiotic to the insufficiently rewarded, it must be those with the wisdom of Solomon, the Tenured).

This destruction of the dollar not only gets us out of debt while punishing those so rude to have been more successful in the free market than the new masters, but also sets the stage for the resurgence of America as a “properly structured society.” In other words the serfs need to acknowledge their proper place in the presence of their accredited and credentialed betters.

That brings us to the master stroke. In claiming that the oil companies get a “tax incentive” by writing off business expenses such as depreciation, exploration, and the cost of failed production attempts (things that legitimate costs of doing business in every other business, just bigger numbers in the oil business), the stage is set for the DOE to revoke all leases and nationalize the oil fields. After the dollar has been destroyed and whether the new currency that purchases oil is a “basket of currencies” or the PetroBuck® the wealth in the oil fields of what was previously called the United States will be more than enough to support the proletariat in their virtual slavery while the masters party like Nero. Issuing decrees as the Gods from Olympus (you have to “properly guide” those serfs, dontcha know?).