Saturday, November 7, 2009

Have Faith in the Federal Reserve Bank--Buy Lots of Gold

http://research.stlouisfed.org/publications/usfd/page3.pdf

Hey Everyone: Check out this graph of the growth of the monetary base. Then go out and put your retirement money into the following:

GLD/IAU
DBC
DBA
UDN

And maybe, if you're rich, buy a house in the Bahamas. It ain't gonna be pleasant in these here parts. No sireee.

St. Louis Fed Data Is A Scream--Needs to Be Enjoyed Nation-Wide

I just sent this message to the Webmaster at the St. Louis Fed. Take a look at the monetary base growth numbers. Wow!

http://research.stlouisfed.org/publications/mt/page3.pdf

Could you give this to me as an html file? I'd like to put it on my blog at http://www.mitchell-langbert.blogspot.com. You guys are a scream. It needs to be enjoyed nation wide.

Thanks, Mitchell Langbert.

Friday, November 6, 2009

Hasan: Murderous Therapy for an Irate Muslim

My neighbor has been after me to watch Glenn Beck on Fox and I tried to watch yesterday for the first time. I had given up television news after the 2008 election coverage, which was the worst, most incompetent partisan exercise I could have imagined, and do not believe I have missed anything by limiting my news consumption to e-mails from friends and bloggers. Most, if not all of what's in television news is diversionary drivel. The main question for America is the St. Louis Fed's money supply statistic, and that is rarely if ever mentioned on television news. It should be mentioned and analyzed for a minimum of two prime-time hours per month on every television news station. Instead, one can rely on lots of partisan and pro-Wall Street propaganda and few if any important facts.

Sadly, Beck was not on yesterday despite my honest effort to watch because of the mass murder at Fort Hood. The story is tragic and the loss of 13 lives and wounding of 30 is a matter of great sorrow.

There are a number of interesting questions about this incident, not only involving what seems to have been the Army's incompetent response to Nidal Malik Hasan's increasing militancy and vocally traitorous reluctance to go to Iraq. If you were listening to the coverage on Fox yesterday, even Hasan's cousin said that he was openly saying that he would refuse to go. This is fine for a hippy in Phoenicia, New York, not acceptable for a Major in the US Army.

Several of his colleagues in Fort Hood described ongoing statements that to my mind were aggressively disloyal, possibly going back to his problems at Walter Reed Medical Center. One of the callers to Fox News who knows Hasan said that Hasan was openly saying that he did not think he should have to fight another Muslim and that his loyalty to Islam was greater than to the United States. The way this caller was describing various statements Hasan had been publicly making at Fort Hood suggests that the Army was remiss in not investigating and removing him much, much earlier. One must wonder if political correctness played a role.

I am a Jew. But the minute I say that my allegiance to Israel takes any kind of precedence to my loyalty to the United States, I should leave the country.

There appears to be no reason to believe at this point that there was a conspiracy. Rather, Hasan had joined the military right out of high school; the military paid for his extensive education, including medical school; Hasan was a practicing psychiatrist; and about six or seven years ago Hasan publicly announced that he was a traitor to his country, preferring to insist on his cultural attachments to Islam over his oath of loyalty to the United States, even given the massive material benefits he has taken. Just on a material level, the man was amoral scum long before he killed all those people. Of course, his lack of virtue and willingness to accept material benefits from a nation to which he was disloyal all along are small vices compared to his horrific willingness to murder.

Hasan was a psychiatrist entrusted with the job of helping returning veterans cope with stress and readjustment. Yet, Hasan handled stress in a way that goes beyond incompetence. A butcher. A mass murderer. Yet, he had the training of a psychiatrist.

Might we conclude that psychiatric therapy is garbage, a bullshit discipline whose practitioners have no more claim to helping people than their exemplar, Nidal Malik Hasan? If so, might it be time for the American government to scrap all federal subsidies to this quack profession?

I do not claim that medical psychiatry is junk or that the advances made with respect to psychiatric drugs are. Rather, therapeutic psychiatry has never worked, yet due to political pressure they have cornered large public sums to subsidize their incompetent work. It is time this charade stopped.

The guy giving psychiatric advice on how to handle stress turned out to be a mass murderer. Think about it. It's your dime, people.

Second, it appears that there were no organized groups behind Hasan. Rather, he arrived at his violent response simply from his understanding of Islam. It seems to me that this evidence of an embedded impulse toward violence in the Islamic faith. I do not claim that most Muslims are violent. Just the opposite. Most are peaceful. But it is a lie to say that this pattern has not repeated itself over and over.

CAIR took a good first step in condemning this violence. A good second step is to begin to ask what are the assumptions in the Koran and the Islamic faith that have led repeatedly to this kind of bizarre behavior and how do we correct it through public utterance and religious exhortation.

Halloran's Awesome Victory

Dan Halloran, a Queens attorney and New York State chair of the Republican Liberty Caucus, won a New York City Council seat in Democratic territory, Queens, New York. This is the first time a New York Republican Liberty Caucus-backed candidate has won, so it is a matter of some interest to us. Thus, although the Republican Liberty Caucus group in New York is only about 2-3 years old (if that) it has already had a major victory. (Note: I am the state secretary and I occasionally blog for the national RLC website.)

The NY RLC's founder, Carl Svensson, e-mailed the group on Wednesday that Halloran had won. My good friend Phil Orenstein, had been heavily involved in Halloran's campaign and had been e-mailing me with the campaign's progress through the election season.

The Halloran victory is important for several issues. First, a liberty Republican's winning a City Council seat in the socialist capital of the United States, New York City, is a major victory for freedom.

Second, we need to study the dynamics of this election to help support the aims of future liberty Republicans. It is likely that the reaction to the repeated failures of Republicrat, and specifically Obama, socialism and Obama's incompetent and greedy donation of trillions of dollars to America's wealthy on Wall and Broad while the good people of Queens see ever higher taxes, may have played a role. No victory is purely because of nature or nurture.

As Queens blows, so can blow Buffalo, Rochester, Syracuse, Albany and Staten Island. Even Manhattan may fall as the American economy deteriorates due to Republicrat policies.