Caught In Another Lie

To absolutely no one’s surprise, an inspector general concluded that the White House edited a drilling safety report in a way that made it falsely appear that scientists and experts supported the administration’s six-month ban on new deep-water drilling.

The Associated Press reported that the inspector general concluded the White House’s changes “resulted ‘in the implication that the moratorium recommendation had been peer reviewed.’ But it hadn’t been. Outside scientists were asked only to review new safety measures for offshore drilling.”

In other words, the Administration lied about the need to halt offshore drilling in order to push its “Green” agenda. The result has been crippling job losses along the Gulf coast and increasing oil prices — up about $7 a barrel since the spill and still climbing.

Barack Obama and his minions claim to be on the side of the “working people.” But oil workers apparently don’t count. Nor do those in the coal industry. Nor does anyone else, who must deal with a falling dollar and rising prices resulting from the Administration’s feckless energy policies.

But he’s all for the government subsidizing inefficient, ineffective and unproven Green jobs. And he apparently has no problem with the United States becoming increasingly dependent on foreign oil.

That the Administration lied to achieve its ends is no surprise. It’s not the first Administration to do that. But that so many on the Left would sit silently by while it destroys an industry and continues to cripple the U.S. economy is a surprise.

Apparently, when it comes to going Green, the Left believes the end justifies the means.

Eat Little, Drink Little, Sleep Little And Think Much

As new House Republicans meet to divide the spoils of their victory over the Democrats and elect leaders to run the House of Representatives the next two years, some divisions between the old guard and those representing the new Tea Party wing have emerged.

It appears that John Boehner of Ohio is set as Speaker, and Eric Cantor of Virginia seems to be a lock for Majority Leader. But a battle is brewing between Tea Party favorite Michelle Bachmann of Minnesota and Jeb Hensarling of Texas, who both want the job of Caucus Chair.

The old guard of the GOP — while happy with the victories that gave it a majority — is not content to let the Tea Party waltz in and take over. So it’s going to be difficult sledding for Tea Party-backed candidates to obtain leadership positions.

If that’s the case, they need to turn to the example set by Samuel Adams during the first Continental Congress.

Adams lived modestly by choice. His figure wasn’t imposing. He wasn’t considered a grandiloquent speaker. But his writings inspired and he was great at forming coalitions.

Writing to his friends, Joseph Galloway — a delegate to the Congress from Pennsylvania who left in disgust after the Assembly denied his request to withdraw from a defiant stand against Great Britain — said of Adams, “Samuel Adams eats little, drinks little, sleeps little and thinks much. He is most decisive and indefatigable in the pursuit of his object. He is the man who, by his superior application, manages at once the faction in Philadelphia and the factions of New England.”

When Galloway — a friend of Britain — wrote it, he wasn’t writing to compliment Adams. But Adams’ tireless work before, during and after the Congress kept the liberty movement alive.

It may be that Tea Party-backed candidates aren’t able to lead the parade from the front. But if they emulate Adams with their work behind the scenes, they can steer the GOP in the right direction and move America toward greater liberty.

Blowback Against TSA Grows

The blowback against the increasingly invasive Transportation Security Administration porn show/grope fest at airports is growing — finally.

First it was a lone pilot who objected. ExpressJet Airlines pilot Michael Roberts chose to go home rather than be subjected to a full body scan or TSA sexual assault-like “enhanced body pat-down.”

Now the president of the Allied Pilots Association, which represents 11,500 pilots, has urged members of the union to revolt against the use of backscatter radiation machines. In a letter published in the Atlantic, Association President Captain Dave Bates writes that “…the practice of airport security screening of airline pilots has spun out of control and does nothing to improve national security. It’s long past time that policymakers take the steps necessary to exempt commercial pilots from airport security screening…”

Bates noted health risks that pilots face from increased radiation exposure. He wrote that a typical Atlantic crossing during a solar flare can expose pilots to the radiation equivalent of 100 chest X-rays per hour and that requiring pilots to pass through the backscatter radiation devices exposes them to even more radiation.

He also addressed the enhanced pat-down procedure that pilots and passengers are subjected to if they choose not to have a naked body image made of them for leering TSA perverts. With the new procedure, TSA agents are cupping women’s breasts and sliding their hands inside the crotch area. And it’s no longer restricted to males searching males and females searching females. Even children are subjected to the search, which if done by anyone other than a person wearing a uniform would be considered sexual assault that would result in jail time for the offender.

“There is absolutely no denying that the enhanced pat-down is a demeaning experience. In my view, it is unacceptable to submit to one in public while wearing the uniform of a professional airline pilot. I recommend that all pilots insist that such screening is performed in an out-of-view area to protect their privacy and dignity,” he wrote.

Others are joining in. The International Air Transport Association, the U.S. Travel Association and British Airways are complaining about the procedures. It’s estimated that so many foreign travelers have chosen to avoid flying to the United States because of the security procedures that the U.S. travel industry is losing about $60 million a year.

There is no question that any exposure to radiation is harmful. But, thanks to the TSA’s new enhanced pat-down, your choices are limited to radiation exposure and nude photos, or sexual assault — for you and your children.

Hat Tip:

For Added Nutrition, Cook Your Carrots Whole

To help retain more flavor and possibly more health benefits, researchers from Newcastle University in Great Britain advocate cooking carrots whole rather than chopped in pieces. This method will help lock in nutrients and the natural sugars. Besides vitamins and minerals such as potassium, calcium, magnesium and vitamins A, B1, B6, C, D, E and K, carrots contain the cancer-fighting nutrient falcarinol.

QE2 And The Death Of A Nation

Check those green slips of paper in your wallet. If they look a little smaller today, it’s because they are.

Helicopter Ben Bernanke announced last week he’s throwing more money out of the sky — $75 billion a month — as he tries to spur inflation to “save” the economy. It’s called QE2, for the second round of quantitative easing.

That’s a fancy term for printing more money… or, to be more factual, pushing a computer button that says the Federal Reserve has $600 billion more to buy “government debt.” This government debt is in the form of U.S. Treasuries that the Fed will buy over the next eight months. This is akin to your paying off one credit card with another.

According to The Wall Street Journal, “The Fed’s first $1.75 trillion bond-buying program, which ran from Dec. 2008 to March 2010, is credited with helping the economy when the U.S. was hit by a financial crisis and a deep recession…

“By buying government bonds, the Fed aims to keep long-term interest rates low, hoping it will lead consumers to spend and companies to invest more, thus helping to propel the economy forward… The Fed said it expects to buy between $850 billion to $950 billion Treasuries through the end of the second quarter of 2011,” The Journal writes.

The Fed says the current inflation rate is at 1.2 percent for the year, but would like to see inflation near 2 percent, and Helicopter Ben believes he can manipulate the currency just enough to raise inflation to a manageable level then cut it off when it gets just right.

Not everyone is on board. Former Federal Reserve Chairman Paul Volcker told The Associated Press the U.S. central bank’s plan to buy hundreds of billions of dollars in government bonds probably won’t do much to boost the economic recovery. It will boost the portfolios of Bernanke’s bankster buddies, however.

Kansas City Fed President Thomas Hoenig believes the risks outweigh any potential benefits.

"Hoenig also was concerned that this continued high level of monetary accommodation increased the risks of future financial imbalances and, over time, would cause an increase in long-term inflation expectations that could destabilize the economy," according to the Fed’s statement.

Higher inflation drives down the value of the dollar which makes our exports more competitive. However, it makes our imports more expensive. What do we import? Just about everything.

It also makes China, the holder of much of our debt, angry.

“China’s commerce ministry fired an irate broadside against Washington on Monday (Nov. 1). ‘The continued and drastic US dollar depreciation recently has led countries including Japan, South Korea, and Thailand to intervene in the currency market, intensifying a ‘currency war’. In the mid-term, the US dollar will continue to weaken and gaming between major currencies will escalate,’ it said,” writes Ambrose Evans-Pritchard, in The London Daily Telegraph.

Inflation also lowers the amount of interest that savings earn, hurting savers and those on a fixed income. It drives up prices, further hurting those on fixed incomes — and all consumers. Already, inflation exceeds the amount that “safe” investments earn, meaning if you have your money in a bank, money market or certificate of deposit, you are losing money — quickly.

Inflation is a transfer of wealth from the producers and savers to the government. It is theft and a crime just as much as if by the point of a gun.

Anyone who shops knows inflation is real… and it’s higher than 1.2 percent — or 2 percent. The price of gasoline at the pump is up about 20 cents since the beginning of September. Groceries have become incredibly expensive. But Government hedges its figures and makes them say what it wants them to say. It conveniently excludes food and energy — the things that Americans consume most — from the equation.

Inflation affects prices across the board, not just those in the Fed’s “basket of goods.”

In the past 60 days alone, cotton prices are up 54 percent, corn prices are up 29 percent, soybean prices are up 22 percent, orange juice prices are up 17 percent and sugar prices are up 51 percent, reports the National Inflation Association. In the last month crude oil is up more than $4 a barrel, and it’s projected to climb another $15 by year’s end. Meanwhile, the Dow Jones has only gained 10 percent.

According to the N.I.A., “When our government creates inflation with the goal of generating higher incomes, the real incomes of Americans always decline dramatically. Inflation never creates wealth, but instead misallocates resources that would have went (sic) towards productive purposes if the free market was allowed to operate.”

Few Americans realize that American finance is nothing more than a double Ponzi scheme. It is already widely known that the U.S. is creating debt and “financing” this debt with newly created debt. But can you believe that debtors (Governments) are now simultaneously creditors with so-called “intragovernmental bonds?” This is the extreme opposite of intrinsic value. It is without value and only pretense or Ponzi. This is no joke, folks. It is the world that Americans live in.

A Ponzi scheme goes on as long as its growing fragility does not prick public trust. As we know, Bernie Madoff’s scheme only collapsed when individual creditors had liquidity problems and needed to withdraw funds. Of course Madoff didn’t have a printing press to keep the Ponzi scam going. But the printing press makes the U.S. financial system at far greater risk and deception because economic collapse may be extended into a later holocaust of Biblical proportions.

Helicopter Ben’s quiver is out of arrows. He’s learned nothing from history and obviously doesn’t really understand economics. However, Obama thinks he’s found a way out. His eyes are on the billions of dollars in Americans’ individual retirement accounts and 401(k)s. His National Commission on Fiscal Responsibility and Reform is eyeing a European-style valued-added tax (VAT). It’s European, so Obama is bound to like it.

And then there is the Debt Free America Act (HR 4646). It’s a bill that would put a tax on all transactions involving a payment instrument — check, cash, credit card, bank transfer, stock, bond or other financial instrument. This bill is in committee, and would be one of the means a lame duck Congress could use to try and cut the deficit.

To add insult to injury, two days after Bernanke and the Fed announced they’re further devaluing the dollar — on Nov. 5-6 — we learned that there was a Fed celebration happening on Jekyll Island, where the Fed was spawned 100 years ago. Bernanke, former Fed Chairman Alan Greenspan, Goldman Sachs manager director E. Gerald Corrigan and the heads of the regional Federal Reserves attended a conference called, “A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve.”

It’s like the criminals going back to the scene on the crime’s anniversary date.

Formed to better manage our nation’s economy and prevent boom and bust cycles — at least that’s what Americans were told at the time — the Fed is responsible for every boom and bust cycle since.

So Helicopter Ben is trying to start a new boom cycle, hoping through inflation to artificially generate more spending by businesses and drive money into the stock market. He wants a new bubble — like the one Greenspan created in housing when he first lowered interest rates in an effort to paper over the Fed-induced recession.

The U.S. middle class is being impoverished by dollar depreciation. This will have to end one day. It will not end well.

Beginning Of The End Of The Fed?

Representative Ron Paul (R-Texas) has a new partner in his battle against the Federal Reserve — his son Rand, the newly elected Senator from Kentucky.

In an interview on Fox Business Wednesday, Ron says he and Rand plan to offer a bill to end the Federal Reserve on their first day of the new Congress. Ron Paul expects to have even more influence over the country’s monetary policy if he is named the new chairman of the Financial Services Subcommittee on Domestic Monetary Policy. This will give him subpoena power, and he could then subpoena Fed Chairman Ben Bernanke.

Fox contributor Judge Andrew Napolitano believes the subpoena is the best way to battle the Fed considering that President Barack Obama would probably veto any bill to end or audit the Fed.

For the uninitiated, the interview by Fox Business’ David Asman of Ron Paul and Napolitano does a great job of clarifying the danger posed by the private banking cartel — known as the Federal Reserve — on our nation’s monetary policy.