Dmitry Orlov has a new video up which is worth watching in its 1/2 hour entirety. I was intrigued to hear him echo something I wrote about a while back in these very pages, the idea that what the United States is involved in now, toying and tinkering while it verges on collapse, is not in any sense necessary or inevitable (a million electric cars by 2015! Now I see what Obama meant by Change! That's nearly 1/2 of one percent of all cars on the American road!). As a uniquely positioned nation, in terms of latitude, resources and relative remoteness, the USA has always had it within its potential to order its economy and political arrangements so that all basic human needs are met. Orlov, in fact, sounds a great deal like Thoreau when he talks in these terms, especially when he describes the "ambitious" human activities that not only are not necessary but actually detract from a worthwhile and enjoyable life. It is all these "ambitious" and grandiose pursuits, such as a world empire and the globalization of the economy, which have led to the precarious position the USA now finds itself in. The video is on Orlov's cluborlov.blogspot.com website, or here in YouTube format:
February 03, 2011
February 01, 2011
Something in a comment on a Zerohedge post rocked my thinking: the United States government is now in a position where it needs to borrow one-half trillion dollars every three months just to stay in business. One arrives at this conclusion by considering that the official deficit is $1.5 trillion, which is the difference between tax revenues and federal outlays, and then noting that the national debt grows by $2 trillion per year, reflecting that the Treasury must also borrow money in order to pay maturing (rollover) obligations coming due, with Niagara-like relentlessness, on an ongoing basis.
January 31, 2011
Judge Roger Vinson's opinion in the Florida case striking down the Obama health care law is a far more serious problem for the Democrats than the previous district court ruling in Virginia reaching the same result. No doubt the case of McCollum vs. Dept. of Health & Human Services was helped along by the forum shopping available to state actions. The Florida Attorney General chose Pensacola, in the Redneck Riviera, as the venue and probably hoped that Judge Vinson, a Reagan appointee, would wind up with the case. All of this went according to plan.
January 30, 2011
First, an updating of the Riddle of the Sphinx: what walks on four legs in the morning, two legs at noon and struggles on three wheels as it fights for lift-off in the afternoon? Answer: Hosni Mubarak, as a child, as an adult and then as a deposed dictator trying to flee in his Lear with most of the country's gold reserves.