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<channel>
	<title>First Word &#187; Current Flux</title>
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	<link>http://firstword.us</link>
	<description>How can you have the last word if you haven't heard the first?</description>
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			<item>
		<title>Donate now</title>
		<link>http://firstword.us/2011/12/donate-now/</link>
		<comments>http://firstword.us/2011/12/donate-now/#comments</comments>
		<pubDate>Sat, 10 Dec 2011 14:08:20 +0000</pubDate>
		<dc:creator>T</dc:creator>
				<category><![CDATA[Current Flux]]></category>

		<guid isPermaLink="false">http://firstword.us/?p=1487</guid>
		<description><![CDATA[Make your end-of-year tax-deductible donation and help us defray expenses. We have several exciting upcoming projects but also routine ongoing expenses. (For example, all the maintenance work is hired out, it is beyond me.) I will acknowledge each donation with a first or last initial and amount in the comment section.
Dixie Ministries
1660 S. Lumpkin St. [...]]]></description>
			<content:encoded><![CDATA[<p>Make your end-of-year tax-deductible donation and help us defray expenses. We have several exciting upcoming projects but also routine ongoing expenses. (For example, all the maintenance work is hired out, it is beyond me.) I will acknowledge each donation with a first or last initial and amount in the comment section.</p>
<p>Dixie Ministries<br />
1660 S. Lumpkin St. #9<br />
Athens, GA 30606</p>
]]></content:encoded>
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		<item>
		<title>We&#8217;re back at both places</title>
		<link>http://firstword.us/2011/11/were-back-at-both-places/</link>
		<comments>http://firstword.us/2011/11/were-back-at-both-places/#comments</comments>
		<pubDate>Thu, 17 Nov 2011 01:46:08 +0000</pubDate>
		<dc:creator>T</dc:creator>
				<category><![CDATA[Current Flux]]></category>

		<guid isPermaLink="false">http://firstword.us/?p=1463</guid>
		<description><![CDATA[Check out a new review of Schaeffer&#8217;s How Should We then Live? at the ol&#8217; butler-harris.org. We&#8217;ll be posting different stuff at both sites.
]]></description>
			<content:encoded><![CDATA[<p>Check out a new review of Schaeffer&#8217;s How Should We then Live? at the ol&#8217; <a href="http://www.butler-harris.org">butler-harris.org</a>. We&#8217;ll be posting different stuff at both sites.</p>
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		<title>Obama: Let the Killing Resume</title>
		<link>http://firstword.us/2009/11/obama-let-the-killing-resume/</link>
		<comments>http://firstword.us/2009/11/obama-let-the-killing-resume/#comments</comments>
		<pubDate>Mon, 30 Nov 2009 22:48:01 +0000</pubDate>
		<dc:creator>T</dc:creator>
				<category><![CDATA[Current Flux]]></category>

		<guid isPermaLink="false">http://firstword.us/?p=1234</guid>
		<description><![CDATA[The picture associated with the Yahoo announcement that Yomama is, just as
predicted, going to crank up at least one of the middle east wars, not end it as promised, is just too good. It looks like the &#8220;Senate investigation&#8221; right out of Godfather II.
As Fredo said, &#8220;Hyman Roth owns him.&#8221;
True then, and true now.
]]></description>
			<content:encoded><![CDATA[<p>The picture associated with the Yahoo announcement<span id="more-1234"></span> that Yomama is, just as</p>
<div id="attachment_1233" class="wp-caption alignright" style="width: 310px"><a href="http://firstword.us/wp-content/uploads/2009/11/obama-decision-pd.jpg"><img class="size-medium wp-image-1233" title="obama-decision-pd" src="http://firstword.us/wp-content/uploads/2009/11/obama-decision-pd-300x117.jpg" alt="You mean you kill people... at the behest of your superiors?" width="300" height="117" /></a><p class="wp-caption-text">You mean you kill people... at the behest of your superiors?</p></div>
<p>predicted, going to crank up at least one of the middle east wars, not end it as promised, is just too good. It looks like the &#8220;Senate investigation&#8221; right out of Godfather II.</p>
<p>As Fredo said, &#8220;Hyman Roth owns him.&#8221;</p>
<p>True then, and true now.</p>
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		<title>America for Two Turkish Tribes</title>
		<link>http://firstword.us/2009/10/america-for-two-turkish-tribes/</link>
		<comments>http://firstword.us/2009/10/america-for-two-turkish-tribes/#comments</comments>
		<pubDate>Thu, 15 Oct 2009 01:12:47 +0000</pubDate>
		<dc:creator>T</dc:creator>
				<category><![CDATA[Current Flux]]></category>
		<category><![CDATA[Judaica]]></category>

		<guid isPermaLink="false">http://firstword.us/?p=1056</guid>
		<description><![CDATA[There is an interview with one Sibel Edmonds at American Conservative that should be on national news every night for a month. Instead, the establishment yawns. She was let go by the FBI in 2002 and has gone public with her story of corruption and treason. She was hushed up by John Ashcroft under the [...]]]></description>
			<content:encoded><![CDATA[<p>There is an interview with one Sibel Edmonds at <em>American Conservative</em> that should<span id="more-1056"></span> be on national news every night for a month. Instead, the establishment yawns. She was let go by the FBI in 2002 and has gone public with her story of corruption and treason. She was hushed up by John Ashcroft under the &#8220;State Secrets Privilege.&#8221; Recently, however, her giving of court testimony under oath somehow (the arcania of our talmudic legal system are beyond my comprehension) released her to disclose much of the information to the magazine.</p>
<p>The lack of publicly-accessible debate and cross-examination puts us at a disadvantage: perhaps Miss Edmonds is herself a disinformation agent. But there is enough that fits with what we have already been able to figure out about the forces behind the scenes, that it has the ring of truth. On the assumption that her story is true, it adds another important puzzle piece to figuring out the composition of our regime. One thread is espionage and corruption of the legislature. The other thread is drug running into Britain and the US. Each thread involves agents of two foreign powers: Turks, as well as&#8230; well, guess. The time of the crimes goes back to the period before and after the 9-11.</p>
<p>Here, I summarize some of the names and themes, as the narrative can be a bit dizzying without a guide. Then, go <a href="http://www.amconmag.com/article/2009/nov/01/00006/">here</a> to read the interview, using the list as a crib sheet.</p>
<p><strong>Turkish crime syndicate</strong></p>
<p>Mehmet Eymür &#8212; head of Turkish paramilitary group for their intelligence service. Activities in England, Germany, Italy, and Balkans. Turkey transferred him to US to prevent him testifying; he now lives in McLean. The criminal activities are not specified, but by connecting dots apparently includes drug-running.</p>
<p>Abdullah Catli &#8212; central figure in the Turkey-Europe scandal; 1989 most wanted by Interpol; moved to Chicago, where he continued activities until 1996.</p>
<p>Sabri Sayari<span> &#8212; </span>Turkish spy in Washington, DC</p>
<p><strong>Espionage</strong></p>
<p>Unless specified, identifications refer to the time of the ring, not necessarily today. For example, Lantos is now deceased.</p>
<p>Marc Jew Grossman &#8212; Undersecretary of State (#3 highest position); had been ambassador to Turkey 1994-7. Picked up numerous Turkish and Israeli contacts while there.</p>
<p>Douglas Goy Dickerson &#8212; Air Force Major, worked for Grossman in Turkey</p>
<p>Tom Jew Lantos &#8212; Congressman from California</p>
<p>Alan Jew Makovsky &#8212; Lantos assistant, worked for AIPAC (now works for Washington Institute for Near Eastern Policy, a pro-Israel think tank)</p>
<p><span> </span></p>
<p>Richard Jew Perle  &#8211; assistant Secretary of Defense (Reagan administration); Defense Policy Board Advisory Committee, 1987 to 2004</p>
<p>Douglas Jew Feith &#8212; Under Secretary of Defense for Policy 2001-5</p>
<p>Paul Jew Wolfowitz &#8212; Deputy Secretary of Defense, President of the World Bank.</p>
<p>Brent Goy Scowcroft &#8212; former National Security Advisor. Client of Turkey. Worked out the plan to attack Iraq, then later opposed it when Turkey&#8217;s conditions were not met by Bush administration.</p>
<p>Richard Goy Armitage &#8212; Deputy Secretary of State (#2 position)</p>
<p>Dennis Goy Hastert &#8212; former House Speaker, now agent of Turkey</p>
<p>Bob Goy Livingston &#8212; Rep (R) Louisiana (now, a lobbyist)</p>
<p>Dan Goy Burton &#8212; Rep (R) Indiana</p>
<p>Jan Jewess Schakowsky &#8212; Rep&#8217;ette (D) Illinois</p>
<p>We already knew this, but further documentation: the war against Iraq was already discussed months before the 9-11, including getting the necessary clearances from Turkey.</p>
<p>The big picture is clear: Israel has opened up Turkey as a surrogate player in the game of espionage against the US. This gives them sources that are not directly traceable to the usual Israeli suspects, along with a little plausible denial. Plus, a whole new network of professors and grad students at American universities with access to secret information. Plus, additional sources can be recruited that might have scruples about giving secrets to Israel but might regard Turkey as more benign. Or: since the <a href="http://firstword.us/2007/11/two-hundred-years-together-chap-1-a/">Khazars</a> were a Turkish tribe, it may just be that blood is thicker than water?</p>
<p>But what do the goy Americans that wink and nod and curl their greedy little fingers around a wad of bills have to say for themselves? What do <em>we </em>say about them? More importantly: what are we going to <em>do </em>about them?</p>
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		<title>Current events: Baseball and &#8216;Bama</title>
		<link>http://firstword.us/2009/10/current-events-baseball-and-bama/</link>
		<comments>http://firstword.us/2009/10/current-events-baseball-and-bama/#comments</comments>
		<pubDate>Fri, 09 Oct 2009 19:24:41 +0000</pubDate>
		<dc:creator>T</dc:creator>
				<category><![CDATA[Current Flux]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[sports]]></category>

		<guid isPermaLink="false">http://firstword.us/?p=1016</guid>
		<description><![CDATA[1. Matt Holliday dropped a straight-forward fly, and as a result of that one botch, St. Louis will almost certainly not make it to the pennant game. It was hard for the millionaire entertainer to even feign very much remorse. &#8220;It&#8217;s not like I didn&#8217;t try.&#8221; &#8220;These things happen.&#8221; &#8220;We can still come back.&#8221; Later [...]]]></description>
			<content:encoded><![CDATA[<p>1. Matt Holliday dropped a straight-forward fly, and as a result of that one botch<span id="more-1016"></span>, St. Louis will almost certainly not make it to the pennant game. It was hard for the millionaire entertainer to even feign very much remorse. &#8220;It&#8217;s not like I didn&#8217;t try.&#8221; &#8220;These things happen.&#8221; &#8220;We can still come back.&#8221; Later this winter, I&#8217;m sure he&#8217;ll be &#8220;nursing his wounds&#8221; over mint julep somewhere in the Caribbean.</p>
<p>Somehow, there needs to be some true loss when these millionaires lose their concentration &#8212; perhaps while thinking about changing travel agents or some such &#8212; and botch easy plays.  It does seem like a good argument for some notion of just wage.</p>
<p>When our Führer arises, he will have his work cut out, even in sports.</p>
<p>2. That Bam-bam got the Nobel Prize says nothing about him. There is nothing to say about him in respect to &#8220;peace.&#8221; Standing around like Alfred E. Neuman with a shrug and a &#8220;what, me worry?&#8221; in respect to our ongoing, endless wars for Israel is hardly world-class peace prize material.</p>
<p>It does say something about the Committee, and their outlook. Perhaps the prize is supposed to memorialize the end of White America. Or, perhaps rushing to give Yomama the prize not even one year into his reign suggests they worry it might be too late to do so next year.</p>
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		<title>Our fearless leaders strike back&#8230; with their hankies</title>
		<link>http://firstword.us/2009/03/our-fearless-leaders-strike-back-with-their-hankies/</link>
		<comments>http://firstword.us/2009/03/our-fearless-leaders-strike-back-with-their-hankies/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 13:42:27 +0000</pubDate>
		<dc:creator>T</dc:creator>
				<category><![CDATA[Current Flux]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://firstword.us/?p=628</guid>
		<description><![CDATA[The case of that wretched governor of Missouri and his cronies listing followers of Ron Paul, Bob Barr, and Chuck Baldwin as potential terrorists for the secret police to watch is well known by now, and may be looked at on the web. The logic of Governor Jeremiah Nixon et al was of this form:

most milita [...]]]></description>
			<content:encoded><![CDATA[<p>The case of that wretched governor of Missouri and his cronies<span id="more-628"></span> listing followers of Ron Paul, Bob Barr, and Chuck Baldwin as potential terrorists for the secret police to watch is well known by now, and may be looked at on the web. The logic of Governor Jeremiah Nixon et al was of this form:</p>
<ul>
<li>most milita members favor 3rd Party candidates</li>
<li>Ron Paul etc are or have been 3rd Party candidates</li>
<li>Therefore, people with Ron Paul (or the others&#8217;) bumper stickers should be watched</li>
</ul>
<p>We can chuckle at the logic of this no doubt government-school educated governor. But not at his content.</p>
<p>A militia is the citizenry armed to defend itself &#8212; whether against roving criminals or a rogue regime.</p>
<p>In the uneducated mind, there is an ambiguity in our Second Amendment, when it says, &#8220;A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed.&#8221; Is it the &#8220;milita&#8221; or the &#8220;people&#8221; that have the right? ask our government-indoctrinated subjects.</p>
<p>In a free republic, these entities are congruent: the same citizenry that gives its consent to the civil rule also constitutes the militia. There is no contradiction between them. When the citizens must take up arms against their own government, it means the government has failed; has usurped rights not ceded to it: it has become a tyranny.</p>
<p>To his partial credit, Chuck Baldwin&#8217;s <a href="http://www.covenantnews.com/baldwin090324.htm">response</a> (which also contains a link to the official response from all three) never exactly ratifies the tyrants&#8217; condemnation of militias. However, it is only partial credit, for Baldwin says</p>
<blockquote><p>The obvious inference of the above statement links Ron Paul, Bob Barr, and myself to potential dangerous &#8220;militia members.&#8221;</p></blockquote>
<p>This statement is fraught with ambiguity. Does he object only to &#8220;potentially dangerous&#8221; militia members? (And what good is <em>any </em>militia unless it is potentially dangerous?)  Moreover, putting &#8220;militia members&#8221; in quotes draws attention to the unreflected appropriation of the term as used by Tyrant Nixon, but leaves other issues unaddressed: the implicit slander of real militia members and the need to affirm the crucially important role that militia as such should play in preserving our liberties against tyrants like Jeremiah Nixon.</p>
<p>Instead, Baldwin&#8217;s response is basically two arguments: (1) a populist protest that 75% of all Americans agree with at least one thing on the list of terrorist-favored items, and (2) profiling is wrong.</p>
<p>(In passing, note that amongst whites, probably essentially <em>all </em>would &#8220;fail&#8221; Nixon&#8217;s test by the criterion of at least one item in the list, and amongst non-whites, it would probably be at least 50%. So the total would undoubtedly be higher than 75%, but <em>any</em> number given would also obscure a significant underlying reality.)</p>
<p>More importantly, profiling is not wrong. Profiling is a most necessary law-enforcement concept. Without it, criminals would rarely be caught.</p>
<p>What is wrong is <em>this particular profile</em>: the tyrants that have gained power in Missouri are calling darkness light, and light darkness. They are profiling against the good, and favoring the wicked. They are servants of Satan occupying the seats of Justice. They are proof of the ongoing need for militias.</p>
<p>That is what should have been pointed out. Instead, our fearless leaders gave the tyrants a good, sound beating with their hankies.</p>
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		<title>Who is running Washington?</title>
		<link>http://firstword.us/2009/01/who-is-running-washington/</link>
		<comments>http://firstword.us/2009/01/who-is-running-washington/#comments</comments>
		<pubDate>Tue, 13 Jan 2009 16:38:15 +0000</pubDate>
		<dc:creator>M</dc:creator>
				<category><![CDATA[Current Flux]]></category>

		<guid isPermaLink="false">http://firstword.us/?p=431</guid>
		<description><![CDATA[Prime Minister Ehud Olmert said he called President George W. Bush to seek an abstention from the U.S., a key Israeli ally at the United Nations.
&#8220;I said: &#8216;Get me President Bush on the phone,&#8217;&#8221; Olmert said in a speech in the southern Israeli city of Ashkelon. &#8220;They said he was in the middle of giving [...]]]></description>
			<content:encoded><![CDATA[<p>Prime Minister Ehud Olmert said he called President George W. Bush to seek an abstention from the U.S., a key Israeli ally at the United Nations.</p>
<p>&#8220;I said: &#8216;Get me President Bush on the phone,&#8217;&#8221; Olmert said in a speech in the southern Israeli city of Ashkelon. &#8220;They said he was in the middle of giving a speech in Philadelphia. I said I didn&#8217;t care: &#8216;I need to talk to him now.&#8217; He got off the podium and spoke to me.&#8221;</p>
<p>Source: <a href="http://www.washingtonpost.com/wp-dyn/content/article/2009/01/12/AR2009011202469.html">Washington Post</a>.</p>
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		<title>Feliz Navidad</title>
		<link>http://firstword.us/2009/01/feliz-navidad/</link>
		<comments>http://firstword.us/2009/01/feliz-navidad/#comments</comments>
		<pubDate>Fri, 02 Jan 2009 18:21:23 +0000</pubDate>
		<dc:creator>T</dc:creator>
				<category><![CDATA[Current Flux]]></category>
		<category><![CDATA[Music]]></category>

		<guid isPermaLink="false">http://firstword.us/?p=405</guid>
		<description><![CDATA[It stands to reason that the most vulgar new Christmas song to be heard in the last 5 or 10 years is a big hit in America and Germany.
Why is it attractive? I suggest, because of the driving beat and the just-add-water profession of friendship. Consider first the latter. &#8220;I want to wish you a Merry [...]]]></description>
			<content:encoded><![CDATA[<p>It stands to reason that the most vulgar new <a href="http://www.youtube.com/watch?v=ihW56Xa3XGQ">Christmas song</a> to be heard<span id="more-405"></span> in the last 5 or 10 years is a big hit in America and Germany.</p>
<p>Why is it attractive? I suggest, because of the driving beat and the just-add-water profession of friendship. Consider first the latter. &#8220;I want to wish you a Merry Christmas&#8221;.</p>
<p>You do? Have we met?</p>
<p>&#8220;From the bottom of my heart.&#8221; Tell you what, next time I&#8217;ll settle for the top of your heart.</p>
<p>The driving beat is indicative of what is wrong with modern popular music. The <a href="http://www.youtube.com/watch?v=yAdTLZ1M6FI">Dorian Toccata and Fugue</a> has a driving beat also, but it arises immanently from the exemplification of its own structure. When rhythmic pulsation must be sustained by banging on a drum, it is a sign that sense and spirit have become jaded, inert; something that must be poked and prodded once or twice per second, like an exhausted mule. It is joyless exuberance and spiritless animation.</p>
<p>By title, opening line, and style, the song is obviously Mexican. Then, it breaks into English. &#8220;I wanna wish&#8230;&#8221;</p>
<p>It is as if we are first being entertained by a Mexican band &#8220;out there&#8221; somewhere &#8212; perhaps, on the stage of a convention hall &#8212; which then shifts to addressing us in the second person, in our language.</p>
<p>A culture is presupposed &#8212; a multi-culture. Mexican accent and drum beat is unapologetically imposed, its right to do so taken for granted.</p>
<p>We the audience are allowed to keep a little space in our own land &#8212; these folks &#8220;wanna wish us&#8221; a Merry Christmas, after all, and they are even willing for a moment to condescend to the use of our (soon to be foreign?) language.</p>
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		<title>Crisis, Reaction, Solution &#8212; The Treasury Bailout Proposal</title>
		<link>http://firstword.us/2008/09/crisis-reaction-solution-the-treasury-bailout-proposal/</link>
		<comments>http://firstword.us/2008/09/crisis-reaction-solution-the-treasury-bailout-proposal/#comments</comments>
		<pubDate>Thu, 25 Sep 2008 06:38:59 +0000</pubDate>
		<dc:creator>M</dc:creator>
				<category><![CDATA[Current Flux]]></category>

		<guid isPermaLink="false">http://butler-harris.org/archives/370</guid>
		<description><![CDATA[We are near the third stage of a classic ploy.  The ploy is to create a crisis, wait for a reaction (or incite one, if necessary), and then introduce a pre-packaged solution.  In the present case, the collapse of major financial institutions is the engineered crisis, the call for radical action to save the U.S. economy [...]]]></description>
			<content:encoded><![CDATA[<p>We are near the third stage of a classic ploy.  The ploy is to create<span id="more-314"></span> a crisis, wait for a reaction (or incite one, if necessary), and then introduce a pre-packaged solution.  In the present case, the collapse of major financial institutions is the engineered crisis, the call for radical action to save the U.S. economy from destruction is the reaction, and the solution is to grant previously unthinkable authority to a select few to get us out the crisis.  The specific form of the solution is found in the recent bill proposed by the Treasury Department.  You can read it <a href="http://www.nytimes.com/2008/09/21/business/21draftcnd.html?_r=1&#038;ref=business&#038;oref=slogin">here</a>.</p>
<p>Below I shall give the highlights of the bill and interpose some analysis and comments along the way.<br />
<strong><br />
The Solution</strong></p>
<p>(1) Section 6 authorizes the Secretary of the Treasury (Secretary hereafter) to spend up to $700 billion on mortgages and mortgage-related assets.  According to section 12(1), a &#8220;mortgage-related asset&#8221; is  a &#8220;residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages.&#8221;  This means that the Secretary is authorized to not only buy the bad sub-prime mortgage packages that Fanny and Freddie bundled together and sold on open exchanges throughout the world, but he may also purchase credit default swaps and any other over-the-counter derivatives that are in any way related to mortgage assets.</p>
<p>The reason for this flexibility is obvious.  The sub-prime mess is not the underlying problem.  The real problem is the huge amount of money at risk in the over-the-counter derivatives market (particularly credit default swaps) that are connected to the bad loans.  While the amount of the mortgage loans is over $7 trillion, the notional value of the credit default swaps is over $60 trillion.  (To put this figure in perspective, it is roughly equivalent to the combined GNP of every nation in the world.)  Defaults on sub-prime loans are merely the fuse that have set off the derivative bomb.</p>
<p>(2) Section 2(a) says the Secretary can spend this $700 billion <em>at his own discretion</em>.</p>
<p>(3) Section 2(b)(5) says that the Secretary will regulate himself.</p>
<p>(4) Section 8 states that of the Secretary’s action pursuit to the authority given to him in the bill may not be reviewed by any agency or court.</p>
<p>Taking (1)-(4) together, the proposed bill gives the Secretary a check for $700 billion to spend however he wishes within wide and vague parameters.  The Secretary, moreover, has the authority regulate himself with no outside interference.  And, to cap it all off, none of his actions are subject to lawsuits or outside review.</p>
<p>But this is not all.</p>
<p>(5) Section 2(b)(3) authorizes the Secretary to make private or corporate financial institutions agents of the government.  The Secretary may, thus, at his own discretion, nationalize any or all banks, savings and loans, and other U.S. financial institutions.</p>
<p>(Think of the many implications of this.  Here is one.  Suppose your bank is taken over by the Department of the Treasury.  Suppose further that the IRS, a bureau of Treasury, says you own $25,000 in Federal income tax.  What is to stop Treasury from freezing your account or taking the $25,000 outright?)</p>
<p>(6) While the $700 billion figure is staggering, it is not the limit the Treasury may spend on mortgage-related instruments.  Here is the language.</p>
<p>“The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time”</p>
<p>Note the qualifier, “outstanding at any one time.”  This means that the Treasury, at the direction of the Secretary, can buy up to $700 billion worth of over-the-counter derivatives from banks and other financial institutions, sell them off and then buy more of these assets.</p>
<p>This is how the scam works in simple terms.  On Monday the Secretary goes all in and buys $700 billion worth of assets from at-risk banks and other financial institutions &#8212; paying, of course, full face-value price for instruments worth practically nothing.  On Tuesday he sells these “assets” off for a penny to the dollar.  (This assumes they will fetch anything; but no matter, if the garbage cannot be sold on the open market, it will be laundered through Goldman Sachs who will purchase it with money “lent” to it by the Fed.).  The result is a  $693 billion loss.  You might deduce from this that the Treasury now has only $7 billion left to buy more assets.  Simple math, right?  Wrong.  After clearing these “assets” from its books, the Treasury account now has, well, no assets.  And if it has no assets, it has no money outstanding.  Thus the Secretary is free to spend another $700 billion.  This process can be repeated as many times as the Secretary deems necessary.  And with trillions of dollars worth of garbage entered on the balance sheets of the financial institutions, he will go to the well as many times as necessary to restore confidence in the mortgage and credit default swap markets.</p>
<p>The language of this bill, in effect, gives the Secretary unlimited funds.  He could literally buy up all of the mortgage-related assets in the United States.</p>
<p>(7) Since section 8 says that the Secretary’s actions are non-reviewable and no legal action may be taken against him, and since section 2(b)(3) says that the Secretary may designate private financial institutions as agents of the federal government, it follows that no legal actions may be taken against them either.  In other words, if Goldman Sachs is designated an agent of the government, then it is immune from legal action as long as it can claim it was working on behalf of the Treasury.<br />
<strong><br />
Addenda</strong></p>
<p>(8) The bill that I am commenting on was the one proposed on Friday.  This week we learn that there have been a few changes over the weekend, specifically section 2(a).  Below is the original wording:</p>
<p>“Authority to Purchase.– The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.”</p>
<p>(a) According to Henry Paulson, the revised proposal allows him, as Secretary of the Treasury, to purchase mortgage-related assets from financial institutions wherever it has its corporate headquarters.  So the Secretary may buy up the non-performing assets of British (say Barclays), Swiss (say UBS), German (say Deutsche Bank) and Israeli (say the Bank of Israel) institutions.  This implies that American taxpayers could possibly buy out all of the world’s bad mortgage-related securities.</p>
<p>(b) According to the Treasury Department’s Fact Sheet on the proposed bill published on Saturday (September 20), the Secretary has further powers:</p>
<p>“Treasury will have authority to issue up to $700 billion of Treasury securities to finance the purchase of troubled assets. The purchases are intended to be residential and commercial mortgage-related assets, which may include mortgage-backed securities and whole loans. The Secretary will have the discretion, in consultation with the Chairman of the Federal Reserve, to purchase other assets, as deemed necessary to effectively stabilize financial markets.”</p>
<p>Either the proposed bill has been amended since Friday or the Treasury department interprets “mortgage-related assets” (section 2(a)) so broadly that it includes any assets at all.  Whatever the case, when the bill passes, the Secretary will have the authority to buy GM, Ford, Delta, Google, Microsoft, and Wal-Mart stocks.  And more than this.  He can, in principle, buy corn, lumber, rum, and the warehouses to store them in, if he deems it necessary.  And remember, he needs nobody’s approval to purchase any of these things.</p>
<p>If (b) is combined with (a), the Secretary will have the authority purchase stocks, bonds, land, sugar, vodka and plastic toy soldiers from any country in the world.</p>
<p>(9) Congress this week has expressed some concern about section 8 (the section that turns the Secretary the dictator of the U.S. economy).  This will probably be amended to allow for an oversight board to review the Secretary’s decision.  Such a board will in actually do nothing proactive.  Its only function will be to provide a platform for politicians to grandstand from when the dollar begins to melt away to nothing due to the massive deficits and monetary creation that will be caused by implementation of this bill.</p>
<p><strong>Conclusion</strong></p>
<p>This bill will pass.  It may not pass in its present form, but any changes to it will be cosmetic.  Do not bother to write your Senators and Representatives.  There is nothing you can do about it.  Remember, this is the pre-planned solution to the pre-planned crisis.  Even if morons in Congress had the wit to understand the implications of this bill, they do not have the courage to stand against it.</p>
<p>But what you can do is prepare for bad economic times.  The nation’s debt is already unpayable unless the dollar is inflated to oblivion.  This bill ensures that the rate of inflation will accelerate. Foreign dollar-holders see the writing on the wall.  Some have already begun to move away from the dollar.  When China and Japan start to diversify out of the dollar, the game is over.</p>
<p>The dollar is going to tank.  The only question is how fast.  Your dollar-denominated assets will fall with the dollar.  In order to protect yourself from this collapse, get out of the dollar.  Remember, in a collapsing market, the suckers are always the last ones out.  You can bet your last nickel that the big boys on Wall Street are taking their huge bonuses and buying non-dollar denominated assets.  Do not be a sucker.</p>
<p>On last thing.  When the dollar collapses, the economy will collapse.  When the economy collapses, all the veneer of a free republican government will be peeled away.  This will result first in social upheaval (the next crisis), then a call for the feds to protect us (the reaction) and then, obligingly, the feds will grant us social stability in the form of a police state and a new regional or international currency.  Of course the U.S. is already a police state in theory, but after the economic fall, it will become one in practice.  You would do well to prepare for this also.</p>
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		<title>Now we are two</title>
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		<pubDate>Fri, 15 Aug 2008 18:33:11 +0000</pubDate>
		<dc:creator>T</dc:creator>
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		<description><![CDATA[years old as a blog, that is.
I&#8217;m not big on birthdays any more. However, the occasion makes a convenient excuse to answer questions and explain a few things.
By now, the reason we do movie reviews should be apparent. They are a major part of our culture, so criticism thereof must be part of a broad critique [...]]]></description>
			<content:encoded><![CDATA[<p>years old<span id="more-308"></span> as a blog, that is.</p>
<p>I&#8217;m not big on birthdays any more. However, the occasion makes a convenient excuse to answer questions and explain a few things.</p>
<p>By now, the reason we do movie reviews should be apparent. They are a major part of our culture, so criticism thereof must be part of a broad critique of that culture. My goals in reviewing movies are modest, and can be stated simply: 1. Share at least one thought that is &#8220;out of the box,&#8221; whether that should be highlighting a subtle theme of the movie itself, or its hidden agenda, or its social backdrop. 2. Say enough about a movie that a reader that is tracking with us can make a decision to view or not to view. 3. Be brief. As to (1), each reader must decide for himself if the goal is met. But in view of that intent, I urge even those that do not watch movies to give a few of our reviews a try. Some general societal or theological comments might be found interesting, even apart from the goal of (2).</p>
<p>Why, some apparently wonder, do we spend so much time talking about niggers, kikes, degos, and honkies? Glad you asked.</p>
<p>The first level of answer is, we don&#8217;t &#8220;spend so much time.&#8221; Scan through the last 30 or 50 posts and see. The perception that we do is itself a sign of how the mental nerves of our people have been rubbed raw and become swollen and hyper-sensitive by the systematic manipulation of our enemies. Speech that was common among men 50 years ago (see Godfather I and II, for example) has now gotten even males all in a tizzy for reasons that they would be hard-pressed to identify. What is most ludicrous is to hear Christians, even pastors, go on as though the politically correct etiquette is actually a mark of sanctification &#8212; as if the blaspheming jews who have fobbed this new morality off on us via the various media would have been in a position to instruct the nation in the rules of Christian morality &#8212; a morality that the nation was earlier unaware even existed!</p>
<p>In this matter, we are sensitive to the Great Divide between the sexes. There are vulgarities that ought never to be broached in mixed company even if each sex might, on occasion, use them within its own company. I am quite sure that our biggest problem in this area, however, is not the ladies, but rather the feminized of the male sex. The latter do not become real women, but they have ceased to be real men either. They are useless to both. The good news, however, is that it has been shown that even a beaten dog can be retrained to a restored dignity. Certainly, we have become a nation of beaten dogs!</p>
<p>We will not be able to rise up, protect our women, and throw off our enemies as long as we are timidly looking over our shoulder and saying, &#8220;am I allowed to say that?&#8221; Therefore, a complete purge of politically correct (philo-semitic) speech is necessary, even if you must for a time go to the opposite extreme to restore the creased paper. This instinct is confirmed by the practice of the vast majority of our reawakened people.</p>
<p>We have evolved toward certain anniversary topics throughout the year. I like the idea, even if some may need to be dropped and others added from time to time. Here is what we have so far:</p>
<p>9/11 &#8212; The date of the worst false-flag hoax in 40 years, which has had the effect of tethering our nation&#8217;s fortunes even more tightly to the interests of our mortal enemies.</p>
<p>1/15 &#8212; Marty&#8217;s birthday. If God gives me strength, I would like to say something every year about this wicked man who has done such lasting harm to our nation, for at least as long as my alma mater Westminster Seminary continues to honor him. A variant on this might be to &#8220;remember&#8221; <em>Black History Month</em> &#8212; which might better be called &#8220;The Black Unmaking of History Month.&#8221;</p>
<p>2/13 &#8212; the destruction of art-city Dresden, Germany by the &#8220;Allies.&#8221; Likewise,</p>
<p>7/24, the destruction of Hamburg by the &#8220;Allies,&#8221; featuring the first deliberate use of napalm on civilians.</p>
<p>Two WW2 anniversaries per year may be too much to sustain. On the other hand, it can give the wrong impression by way of <em>understatement</em>. For more than two years, the murder and mayhem inflicted on German civilians was a nearly daily affair. The proper way to bring this home might be to do an &#8220;anniversary post&#8221; every day for a year, showing pictures of the story-book town that we burned to rubble on that day. But that is a lot of work for a working man.</p>
<p>Other, more positive anniversaries might be selected. I&#8217;m thinking of April 14, the date of Lincoln&#8217;s assassination, or May 10, John Wilkes Booth&#8217;s birthday, for example.</p>
<p>A year ago, I wrote (but never got around to posting) &#8220;our growth has been slow but steady. We now have a bit more than a battalion of unique visitors each week. About 25% are foreign. Remember that Google offers a translation utility, so let no one be put off by the English language. Welcome to all.&#8221; On the subject of foreign readers (now more like 30% of the total), we encourage especially our European readers to make comments, even in your own language. If in German, French, Italian, or Russian, I will attempt to render a translation into English. Of course, the same rules for posting apply.</p>
<p>That growth continued through May of this year, to the point that several times we exceeded a half-battalion in single days. Then the jewgle google censorship kicked in. As a result, we have fallen a bit below where we were a year ago. The biggest disappointment is that our message will tend to be &#8220;preaching to the choir&#8221; to some extent. The dragnet that brought in others has been cut by the enemies of our people. But we will fight back. It is all the more important to spread the word by linking or notifying your friends, if you like our message, or even just find it worth pondering.</p>
<p>The future of this site bodes more of the same, only more so. There seems to be no end to the fallacies of our sick age that need exploding, even in the church. As MB said earlier in a nice turn of phrase, &#8220;one of the few benefits of living in an era of insanity is that it makes the peddlers of the most prosaic and obvious truths appear like sages.&#8221;  The &#8220;look&#8221; certainly needs refurbishing &#8212; ours has to be one of the visually most ugly blogs out there. In time, dear reader, in time. We expect to do more and more podcasts, for those that prefer audio. Also, I hope to start providing some teaching aids for home-schoolers that might be able to utilize some of our material, in the form of review questions and quizzes. The translation of Solzhenitsyn will resume. An idea I am considering is to do a weekly exposé, over some period up to a year, of the zionist propaganda disguised as Christian reporting known as World magazine.</p>
<p>On with the fun!</p>
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