London Riots: David Cameron Approves Water Cannon … David Cameron has given the green light for water cannon to be used on the British mainland for the first time and condemned pockets of society as “sick.” … And in a sign that other more draconian crowd control measures will now be at the disposal of the police he said: “We will do whatever is necessary. Nothing is off the table.” … Mr. Cameron said there was a “moral problem”, often the result of poor parenting. He added that as well as a problem for politicians it was “a problem for society.” – UK Telegraph
Tripoli Says NATO Strike Kills Dozens of Civilians … Libyan officials said on Tuesday dozens of civilians had been killed in a NATO strike on a cluster of farmhouses east of Tripoli … Most of the dead at the Zlitan hospital appeared to be men but some were children. Medical workers opened some of the body bags. One contained the body of a child who appeared to be about two years old. Another had inside the remains of a child. – Reuters
A Credit Rater that Overreacted and Overreached … Credit-rating agencies serve a valuable role in the world’s markets by helping to measure risk. However, in the case of Standard & Poor’s recent downgrading of U.S. credit, we believe they got it wrong. There is no reasonable scenario in which the U.S. government would default on its debt. … Once the current tumult has settled, we believe it will be important to have a dialogue about the rating agencies, their processes and their roles and responsibilities, particularly with regard to sovereign debt. – Canada’s Globe & Mail/Daniel Muzyka & Lawrence A. Weiss
London Riots: David Cameron Approves Water Cannon
David Cameron has given the green light for water cannon to be used on the British mainland for the first time and condemned pockets of society as “sick.” … And in a sign that other more draconian crowd control measures will now be at the disposal of the polic,e he said: “We will do whatever is necessary. Nothing is off the table.” … Mr. Cameron said there was a “moral problem,” often the result of poor parenting. He added that as well as a problem for politicians it was “a problem for society.” – UK Telegraph
Dominant Social Theme: Government will give the kids what their parent didn’t – a good A$$ whoopin!
Free-Market Analysis: The blame game has started and naturally the government will not accept any responsibility. In this case, Cameron actually lays the blame at the parents of the tens of thousands of people rioting throughout the UK. We tend to think that this situation was destined to occur, as it will likely happen in other regions of Western society as well, because the system is financially and morally bankrupt. Inevitably the oppressors will face these sorts of “us and them” backlashes as people witness their living standards dissipate along with their future hopes and dreams. No one condones the riots and certainly this kind of misguided violence will do nothing to solve the declining public confidence in Britain’s overly authoritarian government. One thing you can bet on is that the country that boasts the world’s greatest concentration of cameras spying on its citizens is likely to get a few more.
Tripoli Says NATO Strike Kills Dozens of Civilians
Libyan officials said on Tuesday dozens of civilians had been killed in a NATO strike on a cluster of farmhouses east of Tripoli … Most of the dead at the Zlitan hospital appeared to be men but some were children. Medical workers opened some of the body bags. One contained the body of a child who appeared to be about two years old. Another had inside the remains of a child. … If confirmed, the casualties in the village of Majar would not be the first time that NATO activity in Libya has resulted in civilian deaths. In June, NATO admitted it destroyed a house in Tripoli in which Libyan officials said nine civilians were killed. The alliance blamed a missile malfunction. … At a news conference in Brussels, a NATO military spokesman said the target of the strikes was a military staging area which was being used to support government attacks on civilians. “This was a legitimate target and by striking it NATO has reduced the pro-Gaddafi forces’ ability to threaten and attack civilians,” Colonel Roland Lavoie told a regular briefing. – Reuters
Dominant Social Theme: Installing democracy is a tough business. There will be casualties.
Free-Market Analysis: So once again we are treated to the old “ends justify the means” gibberish. We have never much understood how some human beings can so nonchalantly shrug off the death and destruction they inflict on fellow humans – all in the name of forcing their own beliefs onto others. NATO, a tool of the globalist enterprise to be sure, demonstrates the ruthlessness with which they are prepared to punish those who stand in the way of a UN-led new world order. Gaddafi and his regime have been marked as “unmalleable” and “too unstable” to be easily pieced into the power elite puzzle of nation states. The killing of innocent people is murder, regardless of how it is justified to fit under a “humanistic” umbrella. And NATO, along with the US military-industrial complex, has blood-soaked hands that seem intent on stopping at nothing to impose the globalist will of their masters.
A Credit Rater that Overreacted and Overreached
Credit-rating agencies serve a valuable role in the world’s markets by helping to measure risk. However, in the case of Standard & Poor’s recent downgrading of U.S. credit, we believe they got it wrong. There is no reasonable scenario in which the U.S. government would default on its debt. … Once the current tumult has settled, we believe it will be important to have a dialogue about the rating agencies, their processes and their roles and responsibilities, particularly with regard to sovereign debt. – Canada’s Globe & Mail/Daniel Muzyka & Lawrence A. Weiss
Dominant Social Theme: Rating agencies should be ignored. Listen to the experts; they know better.
Free-Market Analysis: Who are these “experts?” Here’s a little background from the article excerpted above:
Daniel Muzyka is dean of the Sauder School of Business at the University of British Columbia in Vancouver, where he is RBC Financial Group professor of entrepreneurship.
Lawrence A. Weiss is professor of international accounting at the Fletcher School of Law and Diplomacy at Tufts University in Massachusetts.
Folks, it matters not which newspaper you pick up, or which television channel you tune into, the mainstream media chorus is in full swing busily parading out the “experts” from within the matrix of mainstream universities and globalist-leaning think tanks. The one consistency across the board is the outright disregard for Austrian economic theory by the “experts”and any discussion related to examining how central banks have been purposefully and continuously devaluing the purchasing power of all fiat currencies – in this case, the US dollar. Instead, the “experts” rail against S&P for doing what it and the other rating agencies should have done long ago – downgrade the US-dollar debt system. The only thing they didn’t do, in our opinion, was to downgrade it far enough. The US is broke. It is the largest debtor nation in the history of the world and they are hell-bent on growing that debt even more. When you take into account the unfunded liabilities facing the US government, the real debt is upwards of $100 trillion or more. But the Federal Reserve can simply print more money, as Alan Greenspan says. The US government can always pay their debts – by having the Fed create more of it! But this paying of debt with more monetized debt is just a concealed process of default, one that discourages saving and capital investment, bankrupting America’s middle class in the process and guaranteeing a lower living standard for current and future generations of Americans. It is a ruinous and intellectually bankrupt process. The professors opining in the ultra-socialist Canadian media do nothing but a disservice to their fellow citizens by uttering such State-supportive propaganda and baseless rhetoric. But hey, what do you expect them to do when it’s the State that injects the ink into the pens that sign the front side of their paychecks? The “experts” only sign the back.
