Only about six months late to the party – from Bloomberg:

Standard & Poor’s put the U.S. government on notice that it risks losing its AAA credit rating unless policy makers agree on a plan by 2013 to reduce budget deficits and the national debt.

“If an agreement is not reached and meaningful implementation does not begin by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA’ sovereigns,” New York-based S&P said today in a report that maintained its top rating on U.S. long-term debt while lowering the outlook to “negative” for the first time…

Yeah, no kidding. Who would have guessed it? Oh, I know – all the dimwits who have been pushing stock prices higher because, you see?, the Federal Reserve has promised an endless supply of free money which won’t have any adverse effects on the economy (please pay no attention to skyrocketing food, oil and gold prices). I can only figure that, now, the richest players out there have gotten all their money in to safe harbors and now its ok to start telling the truth about the economy.

We’re in one heck of a bad position here, good people. We’ve got out of control debt, a declining dollar, massively rising prices, the productive part of our economy (hint, it ain’t the government) has been hollowed out. People are out of work, losing their homes and even those who have jobs have pay which is, at best, flat when adjusted for inflation (which the Fed says doesn’t exist). Our government is led by a man who never worked a day in his life, and he’s surrounded by people with a vested interest in keeping things just as they are.

So, brace yourselves for it – it will get worse before it gets better.

Sharia in London – from the Daily Mail:

Women who do not wear headscarves are being threatened with violence and even death by Islamic extremists intent on imposing sharia law on parts of Britain, it was claimed today.

Other targets of the ‘Talibanesque thugs’, being investigated by police in the Tower Hamlets area of London, include homosexuals.

Stickers have been plastered on public walls stating: ‘Gay free zone. Verily Allah is severe in punishment’…

…An Asian woman who works in a pharmacy in east London was told to dress more modestly and wear a veil or the shop would be boycotted.

When she went to the media to talk about the abuse she suffered, a man later entered the pharmacy and told her: ‘If you keep doing these things, we are going to kill you’.

The 31-year-old, who is not a practising Muslim, said she has since been told to take holiday by the pharmacy owners and now fears she may lose her job…

Spend more than half a century on welfare; ban Christianity from the public square; kowtow to multiculturalist notions; cease to maintain the forces necessary to defend yourself and here’s what you get – in the capitol city which once endured bombing rather than submit to tyrants, tyrants are now allowed to rule with impunity. I am certain this is just the tip of the iceberg – this is both only what has been reported (with most people fearful of speaking out) as well as being a harbinger of what is to come. And here’s the thing: the government of Britain will foster this because when faced with a choice of fighting for what is right or knuckling under to tyrants, knuckling under is easier.

Will the people of Britain rise up against this? I hope so, but I doubt it – too comfortable for too long and too heavily propagandized in to believing that the Ruling Class knows what is best.

Noel Sheppard of NewsBusters has a bit between one-time sorta-conservative Andrew Sullivan and CNBC business analyst Becky Quick and has this to say about Sullivan’s characterization of Wall Street as “parasites” and Quick’s vibrant defense of our financial system:

As readers know, Wall Street bashing has been all the vogue the past few years since the 2008 financial collapse with some good reason. However, most presidents throughout this country’s history have known that our system of capitalism is very much based on banks, brokerage firms, and insurance companies, and that our economy cannot grow without a strong financial services industry.

Irrespective of his obvious socialist leanings, even Barack Obama understands the importance of Wall Street, as he was one of many Democrats to vote for the Troubled Asset Relief Program in October 2008 along with his current Vice President Joe Biden and current Secretary of State Hillary Clinton…

…Despite their posturing and finger-pointing at Wall Streeters, when push came to shove in the fall of 2008, even Democrats realized the first thing needed to prevent a total meltdown of our economy was a stabilization of the financial services industry.

Sullivan has either forgotten that or is ignorant.

Nice job by Quick to remind him.

Not being one to normally defend Sullivan, here I have to speak up for him – he is dead right. Of course, Sheppard is a bit right, too. You see, we do need a strong financial services industry – unfortunately, what we’ve got is a bunch of parasites who have taken our financial services industry and turned in to a crap game where all losses are covered by the taxpayer. Not to put too fine a point on it, what we needed in 2008 was precisely a complete meltdown. The reason we’re still wallowing in the economic doldrums – and heading back towards recession – is because we passed TARP and stimulus and essentially propped up a lost game.

Don’t get me wrong, there is a vital role for the banker in our society. The trouble is that we have JP Morgan/Chase and don’t have a J. P. Morgan. Ever seen a picture of the old J. P.? Here ya go. He looks like a hard-nose financial guy who is always thinking about money – how to protect what you’ve got and pile up more. Here’s a picture of the guy who runs JP Morgan/Chase today, Jamie Dimon. Just screams “how can I get a bigger bonus and then jump ship?”. Its the difference between having your bank run by “JP” and having it run by “Jamie”. People like JP provided the financial sinews for turning America in to the most powerful, productive economy in the world. People like Jamie are turning us in to a Third World backwater.

The main thing which bugs me about defenders of capitalism today is that they wind up defending the most indefensible aspects of it – the dregs of the free market; the juiced-in, politically connected, Ivy-League educated dimwits who took the most vibrant and creative economy in the world and turned it in to a basket case. What sort of cretin do you have to be if you are living a lavish, American life but then figure that the next pot of investment money should go to build a factory in China, or open a mine in Chile? What kind of American, capitalist CEO are you if you’re best buds with a President who (a) never worked a day in his life and (b) thinks we should impose policies which will necessarily make energy costs skyrocket?

Don’t get me wrong here – the leftist critique is even more idiotic. Hypocritical, too, as the same left which condemns capitalism will lick the boots of any rich man who comes along with a grant for a liberal cause.

To me, the worst thing we can do is defend “capitalism”. We should be defending the free market – and free people. We should be wanting neither Big Government nor Big Corporation. We should be working for an economy geared towards the average American; towards the small and mid-sized producers of actual goods; towards the man and woman trying to raise a family of decent, educated, law-abiding children. Everyone else can get stuffed.

From The Washington Post:

Less than a month into the Libyan conflict, NATO is running short of precision bombs, highlighting the limitations of Britain, France and other European countries in sustaining even a relatively small military action over an extended period of time, according to senior NATO and U.S. officials.

The shortage of European munitions, along with the limited number of aircraft available, has raised doubts among some officials about whether the United States can continue to avoid returning to the air campaign if Libyan leader Moammar Gaddafi hangs on to power for several more months…

Half a century of living off the United States has led to this – the entirety of Europe cannot sustain a month-long aerial campaign against a 5th rate power like Libya. These are the nations which are pledged to rush in to war with us if we were ever, say, attacked by China? It is a complete joke and waste of time even trying to breath life in to such a dead thing.

Think of it like this – after World War One, the allies limited Germany to an army of no more than 100,000 men. The size of the German army today? Less than 90,000. A nation of nearly 82 million people has less than 100,000 soldiers in its army. France has 123,000. Britain 144,000. Italy 108,000. Spain 82,000. We have 600,00 active army soldiers. More than all of those countries, combined.

Europe is a senile, dying area of the world – 100 years ago they were burgeoning and active. Given that even as long ago as that they had forgotten what made them, they took all that they had and smashed it up in two world wars. Now they are so debilitated they can’t even bestir themselves to maintain military forces capable of self defense. If China could simply figure out a way to move an army to Europe, Europe would be theirs for the asking. It wouldn’t even be a fight.

And so why are we “allied” with such decrepit nations? Alliances, indeed – let us have alliances. But alliances with people who have at least some spirit. India; Columbia, South Korea, Thailand…these places have both common interests with us as well as people who have some grit and determination. Meanwhile, we’re shackled to a political, economic and military corpse. Enough of this – end the asinine NATO alliance. Who knows but that it may finally wake the Europeans up? But at all events, do not continue to tie America to such a millstone.

From Zero Hedge:

The early Finnish votes are in and it does not look good for Portugal. As Reuters reports, Finland’s anti-euro True Finns made huge gains in an election on Sunday, raising the risk of disruption to an EU bailout of Portugal. The right-leaning National Coalition topped the ballot, gaining just over a fifth of all votes. Party leaders will start talks soon on forming a new government. The problem is that as the anti-euro moniker indicates, the True Finns are pretty much hell bent on vetoing the Portugal bailout which means the ongoing annexation of Europe’s periphery by Olli Rehn is about to finish (and yes there is a finish-Finnish joke in there somewhere)…

This is not the same as what happened in Iceland and Ireland – those two nations are broke and part of the problem. Finland, though, is in good economic shape – this is not a rejection of being bailed out, but of paying to bail out others from their folly. All of it, of course, is ultimately a rejection of the notion that Europe’s taxpayers have to make good the losses of banksters who essentially gambled their investment funds.

In the larger sense, what we are seeing around the world – the TEA Party in the United States, True Finns in Finland, etc – is a popular rejection of the politico-economic power structure which grew up in the post-World War Two world. While each people will work it out for themselves – and some of them will remain wedded to a socialist philosophy – the main thing to take away from all this is that no one is in a mood to bail out people who made bad investment choices. It isn’t so much a “shame on you for going broke” but more of a “you went broke; so deal with it” attitude. This popular attitude gravely threatens the powers that be – they live off the inter-connections between Big Government and Big Corporation; the world is supposed to be built for them and they are never supposed to lose out. Well, they are being told, in so many words, “sorry, losers”.

In the long term, this can only be healthy for both economics and politics. Neither the economy nor the government can work if the impression is made that only a select few are getting ahead – that people with the right corporate or government juice are getting a rake-off. Thus the increasing dislike for the whole thing – the bailed-out Big Corporation, the failing government program, the corrupt government union.

Out of this – after much pain; we will have to go through quite a bad economic time before we’re done – will come a world better in tune with the needs, desires and hopes of average people. Average people – those who are neither fabulously wealthy nor dependent upon government; the people who make the world work. As humanity cannot obtain perfection by its own efforts, the only rational policy is to ensure that most of the people, most of the time, are able to get on with their lives – and that is what we have not done for half a century, but what will come out of this global revolution.

From CNA:

A federal court has rejected of a lawsuit that sought to remove President Barack Obama’s right to proclaim the National Day of Prayer.

Kevin Theriot, senior counsel at the Scottsdale, Ariz.-based Alliance Defense Fund legal group, praised the decision.

“Public officials should be able to participate in public prayer activities just as America’s founders did.”…

Hopefully, this will start a tend – the complaint revolves around a claim that if the President of the United States, in his capacity as President, participates in a prayer breakfast, it harms all of those who don’t believe in God. This is an absurd claim, and the court rightly rejected the argument. Now, if we can just get a bit more of this common sense in our debates over State and Church, we’ll be getting somewhere.

For far too long the tiny, bigoted and hate-filled minority of anti-religious fanatics have had things all their own way in the courts – all it takes is just a complaint and, usually, everyone knuckles under. Fortunately, groups like the Alliance Defense Fund were created and now there are people who will stand up and fight against such idiocy. We might even get to a point where Christians are able to fully and freely practice their religion in the public square they pay for.

All the time and everywhere – they always do it exactly the same way. An example here in an article about Margaret Sanger and Stalin’s Russia – from Life News:

Sanger, Planned Parenthood matron and racial-eugenicist, who ran a “Negro Project,” who spoke to a KKK rally in 1926, who wished to rid America of its “human weeds” and “morons” and “imbeciles,” and who wanted birth control for “race improvement,” had just returned from a pilgrimage to Stalin’s Russia. Like many Potemkin progressives, she went there to soak in the glorious triumphs of the communist motherland. Each progressive dupe had a particular interest; John Dewey, for instance, hailed the Bolsheviks’ “Great Experiment” in public education. Sanger marveled at Lenin’s and Stalin’s wondrous advancements for women.

And so, in the June 1935 edition of her flagship publication, Birth Control Review, in an article titled, “Birth Control in Russia,” Sanger concluded:

Theoretically, there are no obstacles to birth control in Russia. It is accepted … on the grounds of health and human right…. [W]e could well take example from Russia, where there are no legal restrictions, no religious condemnation, and where birth control instruction is part of the regular welfare service of the government…

I was re-reading a bit of Solzhenitsyn’s Gulag Archipelago the other day and happened along the bit about how the thieves were allowed to run wild in Russia – essentially, the police stopped going after them because it was a hassle and the criminals were let out for “good behavior” on the theory that criminality was a societal ill, not a personal failing (with, of course, the exception being anything which could be construed as a political offense – that was a product of wickedness, not society, and needed the full force of the law applied). Additionally, Russians were essentially forbidden to defend themselves against criminals – a man who did such a thing, and wound up killing his attacker, was liable for criminal prosecution. This is something we see very often, these days, in Britain – story after story of the police coming down like a ton of bricks on any honest man who actually defends himself against criminal attack.

It doesn’t matter what the issue is – the left works out of the same play book. Whether it is a supposedly enlightened member of the western intelligentsia or a Stalinist apparatchik, the results are always the same. The same irrational, anti-human policies always come out. Some versions of the left might pile up corpses in a more cruel fashion than others, but they all pile them up…and pile up the ruined lives, the blasted hopes and the intense corruption in the same manner.

There is no differences in the left because they all base themselves upon the same lie – the materialist, determinist lie which holds that human beings are on some sort of straight-line progression. That we started as microbes in the mud and are all headed towards the same goal – but a goal which for some inexplicable reason we have to be forced towards; coerced and cajoled by leftist leaders who alone know what is what. There is no thinking on the left because they have denied the validity of thought – all is pre-scripted and we just have to follow our lines, and have our heads bashed in if we flub them.

And they won’t change – not then, not now, not ever. To subscribe to leftist ideology requires an abdication of that human reason which is provided by God. They have forbidden themselves to think – and thus they can view an abortion as a good thing, and assert that justice requires serial acts of injustice. All we can do is fight them – and eventually crush them down and remove them from all aspects of power.

For those who say that we should compromise – how can people compromise when the desired goals destroy each other? How, for instance, can there be a compromise between those who believe in the inherent value of human life and those who don’t? There is no possibility of a half way meeting between the fire and the fire department – the fire must be put out, or it must burn everything.

All eyes have been on Wisconsin – because liberals and union stooges were making a quite a fuss. But while all that political theater was going on, Governor Walker and the Republican legislature were busy cleaning up liberalism’s mess – from JSOnline:

The property tax bill on the typical Wisconsin home would rise by less than 1% annually over the next two years under Gov. Scott Walker’s proposed budget, the Legislature’s nonpartisan budget office reported Friday.

The Legislative Fiscal Bureau also said Walker’s plan would put the state’s finances in the best shape they’ve been in for more than 15 years…

All it takes is the willingness to fight the battle – and all it will take in DC is someone inserting some guts in to the GOP leadership. The people are on our side – the era of Big Government really is over, if we just fight it out. No, it won’t be easy – look at what Walker and the Wisconsin GOP had to go through – but it can be done. The left will fight very hard to preserve their corrupt power structure. This is natural – only very rarely does someone who has prove willing to give it up. But they can’t win, if we just fight them…they have no support; just dying, corrupt unions and a segment of the population still bamboozled in to thinking that government can help.

Fight, fight and then fight some more – we can win it all, utterly destroy liberalism and rescue our nation.

HAT TIP: Hot Air

Because they might be the only university with any money left a couple years from now – from Bloomberg:

The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.

The fund, whose $19.9 billion in assets ranked it behind Harvard University’s endowment as of August, according to the National Association of College and University Business Officers, added about $500 million in gold investments to an existing stake last year, said Bruce Zimmerman, the endowment’s chief executive officer. The holdings are worth about $987 million, based on yesterday’s closing price of $1,486 an ounce for Comex futures…

That is a lot of scratch tied up in gold – and you’d only do that if you entertain great doubts about the future viability of the US dollar…and all other fiat currencies, as well.

As I keep telling everyone, don’t look at what people are saying at the moment. If you really want to know what is going on, look around for what people are doing. A lot of people are saying the economy is on the mend – but what a lot of people are doing is hedging against a financial melt down. You can ignore all this and keep up with a “BTFD” economic strategy, or you can read the writing on the wall.

A declaration of revolution – huge hits at the GOP establishment along with the vigorous attacks against the left.