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May 27, 2006

Willful Ignorance

"There is a vast gulf between a lack of knowledge and a refusal to know. Simple ignorance is inconsequential. WILLFUL ignorance is always debilitating and frequently deadly." More

Posted by Ray Hewitt at 02:47 PM | Comments (0)

May 24, 2006

The disconnect in inflation statistics

"In the early 90’s the government realized it had a problem with rising entitlement costs for Social Security, Medicare, and government pensions. These entitlement payments were indexed by the inflation rate each year. With inflation on the rise it meant these costs were rising faster, thus making government deficits much worse. In order to bring the government deficits under control, it would be necessary to bring rising entitlement costs down. ...The solution was to change the way inflation is measured." More

Trusting government to keep statistics on its management of the economy is like trusting a fox to count chickens in the henhouse.

Posted by Ray Hewitt at 09:29 PM | Comments (0)

May 21, 2006

The Devil's Alternative

"Inside weeks or (at most) a few months, Mr Bernanke of the US Fed will be faced with the devil's alternative. He can keep on raising US interest rates and drive the US economy into a downturn while defending the international value of the US Dollar. Or he can choose to stand pat at the next FOMC meeting (or the one after that) to support the US economy. If he does, he will see the US Dollar REALLY dive in international value." More

To the average person, the economy is rolling along like it always has. Yes gasoline has gone up a lot, food prices and other prices a little, but this is nothing new. The stock market has gone nowhere in six years, but it is not cause for alarm. Interest rates are low which seems good. There seems to be no reason to be concerned by the monetary signals reported in the media. Contrary to what is reported in the news, Mr. Buckler presents an alarming picture of the weak underpinnings of our world economy. As big as these numbers are, there is no way to know where and when the breakpoint is. Economies have a pattern of deteriorating slowly below the surface until one day, BOING, something pops.

We're not facing a traditional recession like the kind we have since WWII. This one has been accumulating pressures since WWII; the others were babies. For the foreseable future, your wages are going to buy less and less. If you count on your credit cards or your mortage equity to keep afloat, you are digging a hole for yourself you cannot get out of.

Posted by Ray Hewitt at 10:17 AM | Comments (0)

What People Believe

"How do you persuade a man who has a wife and children and who works hard but can barely make ends meet to take a pay cut and go do something that has a high probability of getting him killed or seriously injured? More

To the right of the page of the above link is a list of past articles by Charley Reese. You don't find people with a practical sense of reality very often. His analyses is penetrating and his writing style is easy to absorb.

Posted by Ray Hewitt at 08:23 AM | Comments (0)

The Warrior Mentality

"The Warrior is emotionally suited to pitched, Pattonesque battles of moral clarity and simple intent. I don’t mean that he is stupid. Among fighter pilots and in the Special Forces for example it is not uncommon to find men with IQs of 145. Yet emotionally the Warrior has the uncomplicated instincts of a pit bull. Intensely loyal to friends and intensely hostile to the enemy, he doesn’t want any confusion as to which is which. His tolerance for ambiguity is very low. He wants to close with the enemy and destroy him." More

Though federal law forbids using the military in domestic situations, SWAT teams were created as a way of getting around the law. If you have ever watched the TV program "Cops," watch how SWAT teams enter, or more accurately, attack a house. In scattered incidents, surprised homeowners have gotten themselves killed when they were seen even holding a weapon. This is what set off the sieges at WACO and Ruby Ridge. Like you, I don't feel personally threatened by this. I'm more bothered that our government sees us as the enemy. Once in a while one of us gets caught in their net. Spend an evening in a courtroom and you'll see what I mean. Our political class didn't create the most powerful military in the world for nothing.

Posted by Ray Hewitt at 08:17 AM | Comments (0)