Tuesday, October 14, 2008

The Rest Just Haven't Been Caught, Yet

One in three recent Atlanta Police Academy graduates have criminal records

Posted by John Venlet on 10/14 at 10:32 AM
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Regrettably, Force Must Be Utilized to Alleviate Stigma

As the nationalization of the financial industry continues apace, to ease fears of course, various financial entities, which prefer to remain independent of state control, must be coerced.  Regrettably of course.

Some of the nation’s largest banks had to be pressured to participate by Treasury Secretary Henry Paulson, who wanted healthy institutions that did not necessarily need capital from the government to go first as a way of removing any stigma that might be associated with banks getting bailouts.

“We regret having to take these actions,” Paulson said. “Today’s actions are not what we ever wanted to do—but today’s actions are what we must do to restore confidence to our financial system."

How does the utilization of force alleviate stigma, I wonder?

Government moves again to unclog credit lines

Posted by John Venlet on 10/14 at 09:12 AM
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Thursday, October 09, 2008

Artificially Mandated Demand Consequences - Redux

I’ve mentioned the fallacy of artificially mandated, by the state, demand for ethanol previously here, here, here, and here. Today one can additionally read of the consequences of the state’s mandating of ethanol use.

It’s one of the newest buildings in this small agricultural town. Aligned between two city water towers, the 120-foot long biodiesel plant gleams in the sun. The paint on its sign hasn’t even chipped.

But weeds have begun to encroach on the Great River Soy biodiesel plant, which produced just 94,000 gallons over two weeks before it ran out of money and was shuttered.

It’s a scene that has been repeated throughout the United States: Clovis, N.M. Nevada, Mo. Hartsburg, Ill. Lamoni, Iowa. Evansville, Wis. Greybull, Wyo. Rock Port, Mo. Belle Fourche, S.D. All were supposed to have biofuels plants operating or under construction by now. None do.

This week, another ethanol plant, in Pratt, Kan., declared bankruptcy. Prospects for another in San Pierre, Ind., have grown dim.

These consequences are not without humor, though, as can be seen in various so called ethanol industry experts’ comments.  Here’s one Kerry Rose, President of Ozark Ethanol waxing authoritatively eloquent.

"The market just exploded and got so crowded,” said Kerry Rose, the president of Ozark Ethanol, which has abandoned plans for plant near the Kansas border.

Brilliant analysis Kerry Rose.

And here’s David Swenson, a researcher at Iowa State University.

"It was a perfect storm of opportunity for the ethanol industry, and a perfect combination of every single element that they have counted on turning against them,” said David Swenson, a researcher at Iowa State University. “The infrastructure isn’t there and wholesale patriotic demand for ethanol didn’t materialize."

“Wholesale patriotic demand.” Yeah, that’s a real economic force, Mr. Swenson.

State mandated demand of ethanol use is simply an empty bushel presented by the state as if it is full of corn.

Biofuel plants hit economic road block

Posted by John Venlet on 10/09 at 11:13 AM
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Monday, October 06, 2008

Barack Obama - Poster Boy for Cloward-Piven Strategy?

Is Barack Obama, the current golden boy of the Democratic party, and worshipped by millions of voting adherents desiring a more socialist society, a deep cover poster boy for Cloward-Piven Strategy?

Read this article, Barack Obama and the Strategy of Manufactured Crisis, and decide for yourself.

Via No Watermelons Allowed.

Posted by John Venlet on 10/06 at 12:31 PM
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Thursday, October 02, 2008

A U.S. Scam Worthy of Nigerian Email Scammers

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transaction is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury
Henry Paulson

Via Samizdata who got it here.

Posted by John Venlet on 10/02 at 06:25 AM
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Wednesday, October 01, 2008

Bribe Money, Sop, Subornation

Call it what you will, “sweetners,” “legislating-by-enticement,” “goodies,” or what have you, the state’s, and, despicably, alleged “business” leaders, lobbying for votes for a financial bailout of astronomical proportions is beyond the pale.

Bailout with ‘sweeteners’ heads toward Senate win

Posted by John Venlet on 10/01 at 06:51 PM
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Semantics

Call it what you will.  A bailout or a rescue, they both essentially mean the same thing, though rescue more prescisely defines the state’s role if indeed the state intercedes in the financial markets.  To wit,

a: to take (as a prisoner) forcibly from custody b: to recover (as a prize) by force c: to deliver (as a place under siege) by armed force

The Associated Press is freely utilizing both rescue and bailout.

Bold by ed.

Posted by John Venlet on 10/01 at 08:16 AM
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