Tuesday, March 19, 2013

I respectfully decline the invitation to join your hallucination

Scott Adams

Experience has shown, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson

We’re number one! – World’s greatest debtor.  Porter Stansberry updates the End of America.  It’s a pitch for his newsletters but it’s a straightforward discussion of where we are and where we will end up.  He describes the impact of Normalcy Bias.  We have entered an unprecedented era.  And, the Master’s of the Universe aren’t really sure what they are doing

Where are we? Think Detroit.  The shining model for urban renewal and the policies of the Democratic machine. 

The credit card is maxed out.  It’s over.  Hold on for the moment when BANG, it’s over.  Think it won’t happen?  Why is DHS preparing for full scale insurrection and riots.

Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence…is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when BANG!-confidence collapses, lenders disappear, and a crisis hits.

This Time is Different: Eight Centuries of Financial Folly, by Carmen Reinhart, Kenneth Rogoff

Links for the BANG moment:

http://dailyreckoning.com/the-economic-singularity-part-ii/

http://www.businessinsider.com/mauldin-the-bang-moment-is-here-2012-6

And martial law is on he horizon:

The 2012 NDAA deemed the United States a "battlefield," as Senator Lindsey Graham put it, and gave the president and his agents the right to seize and arrest any U.S. citizen, detain them indefinitely without charge or trial, and do so only on suspicion, without any judicial oversight or due process. The new Executive Order states that the president and his secretaries have the authority to commandeer all U.S. domestic resources, including food and water, as well as seize all energy and transportation infrastructure inside the borders of the United States. The Government can also forcibly draft U.S. citizens into the military and force U.S. citizens to fulfill "labor requirements" for the purposes of "national defense." There is not even any Congressional oversight allowed, only briefings.

In the NDAA, only the president had the authority to abrogate legitimate freedoms of U.S. citizens. What is extraordinary in the new Executive Order is that this supreme power is designated through the president to the secretaries that run the Government itself:

• The Secretary of Defense has power over all water resources;
• The Secretary of Commerce has power over all material services and facilities, including construction materials;
• The Secretary of Transportation has power over all forms of civilian transportation;
• The Secretary of Agriculture has power over food resources and facilities, livestock plant health resources, and the domestic distribution of farm equipment;
• The Secretary of Health and Human Services has power over all health resources;
• The Secretary of Energy has power over all forms of energy.

The Executive Order even stipulates that in the event of conflict between the secretaries in using these powers, the president will determine the resolution through his national security team.

http://www.huffingtonpost.com/

To provide some perspective experts estimate that at the peak of the Iraq war American troops were firing around 5.5 million rounds per month. At that rate, the [Department of Homeland Security] is armed now for a 24-year Iraq war. A 24-year Iraq war!

Mark Levin

Republics decline into democracies and democracies degenerate into despotisms.

Aristotle

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You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.

Harlan Ellison