HALF-FULL REPORT 05/22/09

Grab a seat, folks – a ringside seat to the Greatest Show on Earth.  What more exciting fun could there be than watching Zero’s Washington caught in a vise between California and England, struggling vainly as it gets squeezed to death?

From California comes what America needs more than anything else, a Tax Revolt.  California voters didn’t buy the extortionist threats from its girlie-man governor and the Dem crooks who run the Legislature.  They prefer state bankruptcy to more thieving taxes.

Such bankruptcy would be the solution to its woes, for e.g., all contracts with public employee unions would be voided.  What fun…

That the federal government is also headed towards Bankruptcy City can be seen by this observation in Bloomberg:  The Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone.

The Federalies don’t care.  One guy way high up on the Treasury totem pole smirked to a friend of mine:  "We will not crucify ourselves on the cross of AAA."  To which my friend replied, "Oh, so you prefer being crucified on a AA cross?  Or maybe a junk bond cross?"

Another friend of mine is one of the brightest market researchers around for professional investors, Bill Rhodes of Rhodes Analytics.  He does things no one else does, like track the value of major currencies relative to gold.  While you know the value of the dollar is falling off a cliff relative to the euro and even the pound (!), you’ll be stunned to see how the value of the dollar, euro, pound, and even the Swiss franc have simultaneously fallen off a cliff compared to gold.

For months now I’ve been pleading with you to get out of dollars and into gold, such as via bullionvault or goldmoney.com.  I hope you’ve done so.

As the dollar disintegrates, unemployment and inflation explode into deep double digits, and taxpayers decide to spend what money they have on food, clothing, and shelter instead of government thieves, the fury of what’s happening now in England is going to be replicated here.

It really is the most delicious scandal – Members of Parliament using taxpayer money to pay for "expenses" like dog food and dredging moats to their castles.  You’ve been reading about it, I’m sure.  This hit the British public suddenly out of the blue and it is in a state of electoral outrage.  Some Conservative MPs will suffer, but Labor (which authorized the expensing rules and kept them hidden from the public) will suffer a wholesale disaster by next June (elections have to be held by then).

What happens to Labor will happen to the Dems only worse.  Rather than out of the blue, there’s been a steady drip of Dem cheating (Daschle, Geithner), corruption (Murtha, Rangel), and lying (Pelosi).  The latest is about Dem crook Lloyd Doggett.

It will keep coming until it hits critical mass, a tipping point coinciding with economic meltdown.  If Providence  nudges the timing right, the Zerocrats will get wiped out in November 2010.

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Imperial hubris will keep the Dems from jettisoning their Pelosi-Murtha-Rangel albatrosses.  Will typical cowardly stupidity keep Republicans from capitalizing on it?

No doubt, but you can bet that Langley is going to go for Pelosicrat blood.  The first bit of advice given by veteran House members to freshmen is:  "Don’t f… with The Farm" (that being the CIA’s nickname after its Camp Peary training facility near Williamsburg, Virginia).

So everybody in DC is waiting to see what new disaster awaits her, what corrupt or morally disgusting revelation about her, her husband, a staffer et al will be leaked out.  Keep your eyes peeled.

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Did you catch the huge headline on Drudge this week:  Iran Claims It Will Take Just 11 Days To Wipe Palestinians Out Of Existence.  No?  Well, the story actually said "Israel" instead of Palestinians – but what’s the difference?  Unless Iran can make a nuke or conventional missile that kills only Jews, wiping out Israel means wiping out the Palestinians in Israel along with the Jews.

Or how about this headline:  78% of American Jews Hate Themselves and Hate Israel.

That’s how all stories about Bibi Netanyahu’s meeting with Zero on Monday (5/18) should begin.  78% of American Jews voted to elect a president who bows to the Saudi king, is a closet Moslem, despises Israel, and could care less if Iran has nukes.  This is self-hating masochism on a pathological level. 

You can’t blame it on stupidity.  Jews aren’t stupid.  They can’t claim they didn’t see this coming.

It was hilarious to see Bibi and Zero pretend they liked each other.  Bibi was determined not to have a similar public disaster like he had with Clinton when he was first prime minister in 1997.  So his (and Zero’s) rhetoric was so nicey-nice.  But the body language between the two signaled they despise each other. 

"The man’s a deluded dangerous fool," Bibi concluded in a very private conversation to a confidant.  The bottom line to the meeting:  Zero gave Iran the signal to go full speed ahead on producing nukes until the end of the year, while Bibi is committed now to working with Egypt and the Saudis on wiping out Iran’s nuke facilities without flying over American-controlled Iraqi airspace.

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Let’s move far away from the Zero Cesspool and focus on two fabulously pro-freedom events this week in India and Ceylon.

The enormous victory of Manmohan Singh in India is a very big deal.  He’s a straightforward pro-capitalist who launched India’s escape from a Soviet-style economy when he was finance minister in 1991.  As prime minister since 2004, he’s been shackled in his efforts to further liberate India’s economy by parliamentary coalitions with communist parties.  Now the commies are electoral toast and he’s in full charge.

The timing is perfect, for it comes as hordes of foreign investors and companies are getting out of China and will now flood into India.  Singh wants to make India a capitalist haven, the place in the world to make money.  We wish you well, Manmohan!

And in Ceylon – okay, Sri Lanka, but I have a romantic nostalgia for the old name – this is nothing short of pure heroic victory over evil.

It’s not just that President Mahinda Rajapaksa insisted on total annihilative victory – "surrender or die" – over Tamil terrorists so vicious they invented suicide bombing.  At every step as his forces got closer to victory, he resisted the ever-more frantic demands of UN bureaucrats and the bleating European press for a "cease-fire" to "negotiate" with the terrorists.

It became ever-more obvious that UN and Western diplomats were terrified not of terrorists but of a victory over them.  For such a victory would prove that’s the effective strategy, not wimp-out appeasement. 

Mahinda Rajapaksa at this moment is the most heroic man on earth.  He has taught the world a vastly valuable moral lesson, and has won a victory both over terrorism and appeasement of it.

It will come as no surprise, I’m sure, that Mr. Rajapaksa received not one word of congratulations from the Appeaser-in-Chief in the White House. 

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We’ll close by celebrating Zero getting his rhetorical butt kicked by Real America’s hero, Dick Cheney, yesterday (5/21). 

Zero hastily set up a speech at the same time for the sole purpose of ruining Cheney’s national airtime.  It didn’t work.  He made a nervous, defensive, fumbling, contradictory fool of himself – even calling Defense Secretary Bobby Gates "Bill."  It was a pretty boy speech, full of perfumed empty rhetoric with no substance.

Cheney of course was the opposite, the grownup explaining the real world.  In so doing, he skewered Zero, directly accusing him of "contrived indignation and phony moralizing," and engaging in "recklessness (regarding America’s security) cloaked in righteousness."

Liberals and Dems can worship metrosexual emptiness all they want.  We have Dick Cheney.

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Oh, and you can bet Cheney’s a happy guy – for we learned this week that Happiness Is Being Old, Male, and Republican.  So that explains why I’m so happy!