Remain Calm: All is Well!

Just had to put this up from Zero Hedge:

China Bans Use Of Terms “Equity Disaster” And “Rescue The Market”

…And so, with every attempt to manipulate the (Chinese) market higher falling flat in the face of selling pressure from the hairdresser/ farmer/ banana vendor day trading crowd (which has now thrown in the towel on the whole “it’s easier than farm work” theory and now just wants to break even and head for the hills) the only thing left for China to do is “fix” the narrative.

In other words, when banning selling doesn’t work, the logical next step is to ban talking about selling

…So apparently, Beijing will now prevent journalists from accidentally jawboning the market lower so that Party mouthpiece media outlets are free to jawbone the market higher.

Needless to say, we doubt if this hail Mary attempt to rescue the market will do anything at all to save China from its homemade equity disaster.

Indeed. I haven’t paid too much attention to the market slide in China because I just figured the Chinese government would order stocks to go higher – telling the money bags in China that they’d better buy or else, ya dig? But if China’s market has got a huge number of small traders who are now getting burned…well, you can shoot a dozen bankers who don’t cooperate: its a much more difficult prospect to shoot 100,000 small investors who are bailing out.

There is one thing I do know about markets – when average folks start borrowing money to invest in it because it will always go higher, then it is crash time.  We’ll see how this plays out – but China has already lost $3 trillion in stock value since June…ain’t looking too pretty.

The Problem With Bold, New Thinking: Its Rather Old and Worn Out

Jeffrey Taylor in The Atlantic reviews Jerry Coyne’s new book, Faith Versus Fact and has this to say:

…Primarily, though, Coyne focuses on the epistemological. He notes that religion has always advanced hypotheses about the cosmos and the origins of life—matters that he argues belong within the realm of science. He bluntly evaluates faith’s record of teachings about the natural world as a “failure of religion to find out the truth about anything.” Worse, he states, faith from the start leads humans toward “thinking that an adequate explanation can be based on what is personally appealing rather than on what stands the test of empirical study.”

Coyne is clear in his argument that to understand the cosmos there is no need of a “Creator.” What science says about the temporal nature of our own solar system, in fact, renders more than improbable the existence of a divine plan for humanity. “Human tenure on Earth,” he writes, “will end when the sun … vaporize[s] the Earth in less than five billion years,” while the universe “will also end [through] heat death,” with temperatures falling to absolute zero. What does this say for those who insist there’s a divine plan for mankind on Earth? The “God of the gaps,” Coyne argues, is losing out as science fills in the missing pieces…

Gee? Really?  Well, that settles it – since this universe of ours is doomed to die, there must be no God.

Do people really believe this sort of thing?  Have the people who make such statements ever so much as cracked open a theological book? As for humanity surviving five billion years until the Sun vaporizes the planet – seriously? Anyone who is betting on humanity surviving 500 years is taking a sucker bet. If there isn’t a God who is going to save us by miraculous action, I wouldn’t be surprised if humanity was finished 200 years from now – we’re already dying off as a species at this very moment (one crucial aspect to survival of the species is having children; the global birth rate in 1950 was around 37.2 kids per 1,000 people; as of 2015, it was about 19.4…and if it keeps up, it’ll be 13.4 by 2050).

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In Congress, July 4th, 1776

When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness…

…We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these united Colonies are, and of Right ought to be Free and Independent States, that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. — And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor.

Who is in Favor of America?

Read a couple tweets yesterday from Charles Cooke (@charlescwcooke):

I don’t like its being done per se, but the fact that people can burn American flags with legal impunity helps to show me that I’m free. 1/2

And frankly I’m much more interested in that beautiful principle than in the people who choose to use it in a way that I dislike. 2/2

I replied:

Disagree; that we allow the burning of the American flag shows that there are people who want me unfree.

One burns what one does not want. The flag is an abstract symbol of freedom.

 

I like Cooke’s writing. I think he’s intelligent, well informed and far seeing. He’s a go-to guy for political commentary; so please understand I’m not actually going after Cooke. I get Cooke’s point – we must allow that which is disagreeable to us to ensure our own freedom. And, in fact, that disagreeable things go on proves that we are free. But is this really so?  Are we really free when we permit people to rampantly work for anti-freedom? Are we sure, that is, when we allow arguments against freedom to thrive that our freedom will survive?

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We Are Ten Years from Complete Conservative Victory

Huh?  How’s that?  Wait a second, Noonan – are you nuts?  The Supreme Court just decreed that the law doesn’t matter. Furthermore, Hillary is the odds-on favorite to replace Obama so we’ll have four to eight more years of lawless liberalism imposed from on high…and even if we vote GOP, those spineless cretins will just roll over for it. You, sir, are ’round the bend – we are on the cusp of the Union of Socialist States of America.  Get used to it!

Well, not so fast. First off, it is well-known to all who study history (which pretty much excludes everyone on the left – but also a goodly portion of those on the right) that in human affairs what appears to be most strong is usually an inch away from crushing defeat while that which seems to be nearly extinguished is just about to flame into sublime victory. Looks are, indeed, very deceiving. The apparent triumph of liberalism ushered in on January 20th, 2009, is looking, upon close examination, rather rocky.  Think about it:  if liberalism was really the way things are going, then the Obama Administration would not have relied upon screwball re-writes by the Supreme Court to save their signature achievement – they would have brought it back to Congress, firm in the knowledge that liberalism is so popular that the Congressional GOP wouldn’t even dare tinker with it other than to enact what Obama demanded. Didn’t quite happen that way, now did it?  Liberalism can only win these days when there is a President who will just ignore the law and go ahead and do it…or when a bunch of lawyers find some way to twist the plain meaning of the law to suit their desires. People heading for triumph don’t act like that – people fighting a desperate rear-guard action to save themselves act like that.

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The Week That Was

It was a helluva week for the “fundamental transformation” of America brought to you by the fascist progressive minority and the newly minted fourth branch of government – the legislative wing of the Supreme Court. When CJ Roberts ruled on the individual mandate vs tax issue in 2012 I think everyone was a little surprised that he ignored the obvious intent of the legislation that the mandate was a “penalty”, not a tax, because the authors knew very well that selling a tax increase to pass the bill was not an option. Yet the tax angle was the only option to pass Constitutional muster, and Roberts was there to save the authors from themselves in the final ruling. Fast forward three years, once again CJ Roberts ignores the intent of the legislation as expressed by Jonathan Gruber to force State’s to set up exchanges or lose out on Federal subsidies. In order for the numbers to work, the Federal Government needed State’s to set up exchanges so they could pass on the financial burden of the subsidies, yet when many State’s refused to accept that financial burden, or went broke trying to set up exchanges, the entire ACA paradigm was in peril. Enter newly minted SC Legislator Roberts to save the day yet again as he magically waved his wand, reinterpreted the intent and made all the little fascists happy. It is obvious the SC no longer strictly interprets the constitutionality of legislation as it is written. They now have magic powers to see into the hearts of man, assess the intent and rule accordingly. And just a reminder, these folks are not up for election and serve in their positions for life, so in reality it wasn’t a good week for our “representative republic” at least on this issue.

In re: to SSM, I think public sentiment was clearly headed in this direction and despite the numerous failures at the State ballot boxes in recent years, SSM was on a trajectory towards acceptance. Enter the SC Legislative branch, who once again disrupt the natural evolution of democratic reform and impose their position on the issue upon the ignorant masses who are clearly not as evolved and wise as they are. Ironically, had patience won out and State voters were the impetus of change, this issue would not be the rancorous issue it has become. But that possibility was evidently not acceptable to the petulant progressive fascists who once again relied on the Legislative branch of the SC to impose their desires. Again, a bad week for our “representative republic”.

And while we are all adorn in rainbows, love and free health insurance, ISIS is having a field day in exploring new ways to slaughter innocent people. Remember them? I don’t even think Orwell could have envisioned this.

Out and About on a Wednesday

Bobby Jindal has announced his candidacy for President. Along with Walker, Jindal is top of the list for me. Some say Jindal waited too long to announce – and that might be correct. But, we’ll see how it plays out.

Toy models of the “General Lee”; the car from Dukes of Hazard, will now lose their Confederate flag.  Because Reasons, I guess.  Just remember that if you find one with the rebel flag – especially if its still in the box – keep that. 20 years from now it’ll be worth a bucket of money. And while our kids are now safe from the horrific danger of seeing a rebel flag atop a Dodge Charger, you can easily purchase for them a replica Nazi dagger or a bust of Stalin…

I was looking at annual GDP growth rates and the most interesting thing I came away with is that post-recession, Reagan’s worst year is better than Obama’s best year.

In a completely surprising development, it appears that the Obama Administration – the most transparent Administration, ever – fudged around with the numbers on the Office of Personnel Management hack – almost as if they were trying to lessen the negative political impact of the hack.

It looks as though Obama’s deal with Iran now includes us providing advanced nuclear technology to Iran. My guess is that the final deal will assert that we don’t immediately have to turn over an Ohio-class SSBN to Iran. Look, I get it that Obama’s policy is that once we make friends with Iran all will be well…but does he have to look so desperate for it? You know, even good friends shouldn’t be allowed to walk all over us…

Valerie Jarret’s family is chock full of commies. Its not that big a deal as the difference between Joseph Stalin and any run of the mill American Progressive is one of degree, not kind. Progressives are Progressives – all of them are opposed to us and want us out of the public square. Some with more extreme prejudice than others, but all of them want the same political result as regards those who hold to any semblance of conservatism.

Liberal says voters must demand new gun control laws – which, I guess, is a way of saying, “you idiot voters are the problem”. There is zero chance that the voters will demand new gun control laws – that battle is over and done with and the people won it. Call it strange or wrong or what have you, but the broad majority of American voters has concluded that restricting the ability of sane, law-abiding citizens to obtain weapons won’t stop insane and/or law-breaking citizens from doing evil deeds. No proposed gun control law other than a UK-style, door-to-door confiscation of weapons could possibly have prevented the event in South Carolina from happening…and as we’ve seen in Norway and Paris and elsewhere, even having very strict gun control laws is no assurance against evil deeds.

The GOP leadership is rather screwing us over on Obama’s trade deal. They are doing it because the money-bags in corporate America want it done because the deal will allow said money-bags to vastly increase their profits…with part of that increase coming from either out-souring our jobs or in-sourcing cheap, foreign labor. To be sure, this is Obama’s trade deal – so it is a Democrat thing, as well. Bottom line, it is a Ruling Class thing – and kudos to those Democrats and Republicans who voted against it. Some in the GOP are very mad about this and I understand that – and perhaps it is time to start thinking in terms of a Third Party. Rolling around in my mind is the notion of a Christian Democrat party which would command immediately 40-50 House and 5 or so Senate seats…meaning it would be a party with the power to decide who is House Speaker and Senate Majority Leader; and, of course, in return for such support, it would demand certain, specific actions. Worth a thought – 2016 is mostly about making sure that Hillary doesn’t become President…but if in the long run we don’t get a Party which will actually do as we, the people, command, then we’re doomed as a movement.