#2
I agree lotp. Mixed uniforms, likely bought at Salvation Army or some Army/Navy surplus store. No headgear, sedan. Probably a show to rile the crowd.
#3
That was my thought; they were not even the same branch (if they were in fact military). All had on different types of military uniforms (jungle/woodland/etc), they wore them differently (One Marine style sleeves rolled up, one Army) (0:14), the only hat was not a military one (0:13), and I also notice that none of them had their pant bloused. I did note that the ones holding the guy seems to be packing (0:12) or something on their belts. It's not like they stormed the crowd, they were bringing the guy to the car. My guess would be Secret Service. I doubt that Obama would let the military within 100 miles of these yoobs.
#5
All info points to law enforcement. Differing uniforms? Lack of coordination on the ground. Afterall, who would ever spoil Dear Leader's forum?
Posted by: Rex Mundi ||
09/25/2009 18:08 Comments ||
Top||
#6
Privately registered Crown Vic, not the CVPI the government buys.
Posted by: Formerly Dan ||
09/25/2009 18:41 Comments ||
Top||
#7
Rex has a good point, might local police mixture from outside the city or reserve officers. But what I find interesting is that they all have ID holders on their sleeves. Which might make them weekend warriors or do cops use those as well?
#8
According to Hotair updates, they were law enforcement, not military. And the fellow they arrested was up on a vandalism charge. But their actions really don't make sense, they don't search the guy, apparently none of them are armed, they didn't cuff him, etc.
A Carlisle, Pa., man has been cited for harassment for allegedly flicking a toothpick on the sidewalk in front of another man's home last week, police said.
Richard J. Cantor, 56, of the first block of Tyler Court, was cited for the summary offense, which carries a fine of up to $300. The victim, Brian Taylor, 43, told police Cantor constantly takes action to annoy him and, in this case, drove out of his way Friday morning to flick the toothpick on Taylor's sidewalk in the 500 block of Mooreland Avenue.
Posted by: Redneck Jim ||
09/25/2009 18:12 Comments ||
Top||
#2
ALICE'S RESTAURANT [paraph]> RECRUITING STATION SCENE > "MotherRapers. FatherStabbers, All sorts of Criminals, Bad Guys, and Delinguents ... ... I TOLD THEM I WAS ARRESTED FOR LITTERING, AND THEN THEY ALL MOVED/SLIDED AWAY FROM ME".
By Patrick Michaels - a man who knows what he's talking about.
Imagine if there were no reliable records of global surface temperature. Raucous policy debates such as cap-and-trade would have no scientific basis, Al Gore would at this point be little more than a historical footnote, and President Obama would not be spending this U.N. session talking up a (likely unattainable) international climate deal in Copenhagen in December.
Steel yourself for the new reality, because the data needed to verify the gloom-and-doom warming forecasts have disappeared. You misspelled "covered up," Pat.
Or so it seems. Apparently, they were either lost or purged from some discarded computer. There's a third choice: I'll take "lying through their teeth to protect their phoney-baloney jobs" for $1000, Alex.
Only a very few people know what really happened, and they aren't talking much. And what little they are saying makes no sense. How is this different from normal, exactly?
More at the link. Not too long; worth reading the whole thing.
Posted by: Barbara Skolaut ||
09/25/2009 00:00 ||
Comments ||
Link ||
[3 views]
Top|| File under:
#1
REDDIT > THE SUN COULD BE HEADING INTO A PERIOD OF EXTENDED CALM, not seen since the 17th century.
Normal, in science, is openness. In order for science to work, you need to be able to reproduce someone's results. As Mr. Gaziorowski taught us in 10th grade Chemistry, when you write a paper you show your work. Along with your conclusion, you show your data, you show your calculations. You even try to think up everything that could have gone wrong.
Attempts to hide the data OR the calculations suggest someone is playing an elaborate game of Three Card Monte and is probably trying to sell you something you shouldn't ought to buy.
#3
Attempts to hide the data OR the calculations suggest someone is playing an elaborate game of Three Card Monte and is probably trying to sell you something you shouldn't ought to buy.
Posted by SteveS
Birther drivel. Come on now, get with the program.
#5
I wasn't referring to whether CO2, greenhouse gases, anthropogenic effects have caused the warming. I was referring to whether warming on a global basis has occurred at all.
The satellite data for the southern hemisphere doesn't show any warming at all for 30 years, all the data we have.
#8
I did the computer work for a paper my mother wrote, and so got junior author status to start off my curriculum vitae, back when I was but a college student, a statistical analysis of a lot of data she'd collected over the years. The final appendix to the 2-page paper was about 20 pages of data presented in tables, so that the reader could do his own analysis. This is normal. Mr. Jones refusal to share the data is, to be blunt, unscientific. Allowing the data to be destroyed is a nightmare -- lab notebooks are archived even more carefully than the Jews keep their retired Torah scrolls. The scientific community could legitimately insist on re-doing the entire thing, all however many years of it, before allowing any conclusions drawn from the lost data to stand.
#9
There are 2 sets of data, satellite and ground station. The satellite data has not been lost, but the GW alarmists don't like it because it doesn't show any material warming.
#10
there has been much work on climate data since the 1980s. The article only hints that the data extract used in the 1980s study has been lost. Its not really relevant. Of course its difficult to tell, since the NR article does not link to any sources, especially not to discussions of the situation its not in sympathy with.
#12
Can we track exactly when science became a government racket, requiring that participants tow the Party line?
After WWII they started paying scientists real salaries---turning what formerly was a vocation into a profession. Given a profession where success is based on consensus of opinion domination by people who's major (and, eventually, only) talent is self marketing is inevitable.
Pretty much. The nexus is the universities. Universities before WWII were still anchored in the traditions of Western Civilization. After WWII and the windfall of the GI Bill, they evolved into paper mills, ever expanding to become an end of themselves. They adopted the GM model of corporate management with more divisions and vice-presidents while generating large numbers of graduates that required more and more government subsidies to employ their 'talents' because there was no real market for them. Now they have to make themselves 'indispensable' to sustain their life styles. What they've done to public education is what most other sectors are going to devolve to if we keep the funding troughs open, just as you see this effect in the 'sciences'.
#16
So we're to believe that all of the climate data gathered from around the world was collected in a single place, the original raw data was deleted, no copies of the data were made for other researchers, no backups were made. And then the single copy in the entire world was lost. Yeah, right - I call BULLSHIT!
#17
I read somewhere that the surface temp sensors were seriously compromised because they placed a lot of the sensors next to black asphalt parking lots, air conditioner (outlets), etc...
#1
Seems to me that any "Treasure" really belongs to the landowner, the finder could be charged with tresspassing and the loot reverts.
Or if the Landowner approved the finder could get a small percentage.
But either way he does NOT own the Find.
Posted by: Redneck Jim ||
09/25/2009 17:53 Comments ||
Top||
#2
RJ- it's English law.
Under the Treasure Act 1996, anyone who finds gold or silver objects over 300 years old is legally bound to report them to the coroner within 14 days.
If the items are officially declared to be treasure trove, they can be valued and the proceeds split between the finder and the owner of the land where they were found.
These items, which then become the property of the Crown, tend to be offered to the British Museum or a local museum, who will pay the finder and landowner the market value. An inquest at South Staffordshire Coroners Court yesterday ruled that the 1,135 items, mostly of gold and silver from ancient weaponry, should be classified as treasure.
#3
"To make that many people turn and change and hate, he had to be a showman and he was."
And we're not seeing similar behavior now? You take a people who've lost a great war, be it the First World War or the Cold War, and channel that psychic scar into a movement to reclaim 'glory days', it's pretty heady stuff. And like any heavy drug, a big surge with ruin at the end.
#4
I'd think that talking about Hitler as a genius showman & orator would be pretty non-controversial. He was, after all. And Jackson's post-Dangerous infatuation with Futurist-style regimentation and showmanship was pretty out-front, i think.
The idea that Jackson could have fixed Hitler-class evil, on the other hand, says a lot about Jackson's self-regard and lack of proportion. Let alone saying such things to a rabbi of all people...
Posted by: Mitch H. ||
09/25/2009 9:26 Comments ||
Top||
#5
a chabad rabbi, mitch. IE someone used to self regard and lack of proportion :)
BRASILIA, Brazil (AP) - Brazil's vice president says his country should develop nuclear weapons. Jose Alencar says "a nuclear weapon has great importance" to prevent attacks on Brazil because of its extensive borders and maritime holdings.
Alencar tells Brazilian newspapers that Brazil doesn't have a program to develop nuclear weapons, but should. Alencar aide Adriano Silva confirms the comments published Friday by newspapers including O Globo and O Estado de Sao Paulo. He says they are personal opinions and not a position of the government.
So Brazil has a Joe Biden for vice-president?
Alencar's influence is relatively limited and he is not a member of President Luiz Inacio Lula da Silva's party. Brazilian officials insist they are developing nuclear energy only for peaceful means.
Posted by: Steve White ||
09/25/2009 13:17 ||
Comments ||
Link ||
[2 views]
Top|| File under:
#1
Paraguay, if they've got particularly long memories.
Posted by: Mitch H. ||
09/25/2009 13:58 Comments ||
Top||
#2
Wasn't that soccer game between Uruguay and Paraguay, or am I misremembering?
VENEZUELAN President Hugo Chavez said he no longer detected devil's "sulfur" in the United States, but the smell of "hope".
The Latin American strongman famously called then-president George W Bush the "devil" during the annual meeting of the United Nations in 2006 and said that Mr Bush left the UN podium stinking of sulfur.
But in his speech this year, Mr Chavez went out of his way to embrace President Barack Obama, even urging him to follow Venezuelan-style socialism.
"Yesterday he spoke here and it no longer smells of sulfur. It smells of something better: hope," Mr Chavez said.
"Obama, come and join the socialists," Mr Chavez quipped in the address to the UN General Assembly. "We invite you to join the axis of evil."
Mr Chavez urged Mr Obama to end the embargo on communist-run Cuba and to refrain from deploying military bases in Colombia.
The Venezuelan leader is known for marathon speeches at home and his UN address lasted more than an hour.
He drew laughs when he promised not to take as long as another US bugbear, Libyan leader Muammar Gaddafi, who addressed the assembly for more than 90 minutes on Wednesday.
But it wasn't all love from Mr Chavez for Mr Obama.
He accused the Pentagon of involvement in the coup in Honduras and asked if Mr Obama had also had a hand.
"Who are you, Obama?" he mocked.
On the problem of nuclear proliferation, Mr Chavez had a neat, if unlikely solution, telling the United States: "Destroy your own weapons!"
Touching on Colombia, a close US ally, Mr Chavez accused Washington of a "threat to peace" with plans to build seven military bases there.
Even in what was for him a relatively brisk speech, Mr Chavez found time to refer to influences ranging from Noam Chomsky to Fidel Castro and Brazil's President Luiz Inacio Lula da Silva, and no less than Karl Marx, whom he lauded as the "Einstein of politics".
Inviting Mr Obama to become a socialist, Mr Chavez said that Latin America had led the way during the past decade in a "revolution that transcends ideology".
"This revolution is the start of salvation for a world threatened by capitalism," he said, calling capitalism "the road to extinction of the human species."
Meanwhile, Colombian President Alvaro Uribe used his UN speech on Wednesday to defend the deal to allow stationing of US troops.
Colombia has pledged to allow the United States to use the bases for help in fighting insurgencies and drug traffickers. The pact has yet to be signed.
Tensions have flared in Latin America since the deal emerged, with Mr Chavez warning "winds of war" were blowing across the continent.
Fears of an arms race in the region were raised further in recent weeks as Caracas purchased Russian military hardware worth some four billion dollars.
#4
ION NOT-MICHAEL-JACKSON'S-NOSE, FREEREPUBLIC > AL QAEDA SMELLS BLOOD IN THE WATER [America's blood]. Artic gives BRIEF SUMMARY OF FIVE RECENT JIHADIST-ISLAMIST PLOTS TO ATTACK THE USA, and infers MORE PLOTS/ATTEMPTS LIKELY TO COME.
NET POSTERS > Good thing Amerika has OBAMACARTER in the White House/Oval Office???
Venezuela's President Hugo Chavez hopes to widen anti-U.S. alliances when he hosts African leaders on a Caribbean island this weekend, but his radicalism and Brazil's greater economic clout put limits on his appeal.
Posted by: ed ||
09/25/2009 00:00 ||
Comments ||
Link ||
[2 views]
Top|| File under:
A new report from the Congressional Research Service bears out what our editorial board has been pointing out for months now: The situation in Honduras should not be a cause for concern in Washington. It should a relief.
President Zelaya, who was attempting to subvert the constitutional order of Honduras by seeking re-election (considered a crime there) was removed from office by the order of civilian authorities, and the constitutional order of succession was honored afterward.
The legal arguments made in the report, which was prepared by Senior Foreign Law Specialist Norma Gutierrez, are quite intricate and based in Honduran law. But the bottom line is this:
The Honduran Congress appears to have acted properly in deposing President Manuel Zelaya. Unlike in the United States, the Honduran Congress has the last word when it comes to interpreting the Constitution. Although there is no provision in Honduras's Constitution for impeachment as such, the body does have powers to disapprove of the president's official acts, and to replace him in the event that he is incapable of performing his duties. Most importantly, the Congress also has the authority to interpret exactly what that means.
The Supreme Court was legally entitled to ask the military to arrest Zelaya. The high court, which is the constitutional venue for trials of the president and other high-ranking officials, also recognized the Congress's ouster of Zelaya when it referred his case back down to a lower court afterward, on the grounds that he was "no longer a high-ranking government official."
The military did not act properly in forcibly expatriating Zelaya. According to the CRS report and other news stories, Honduran authorities are investigating their decision, which the military justified at the time as a means of preventing bloodshed. In fact, Zelaya should have been given a trial, and if convicted of seeking reelection, he would have lost his citizenship. But he is still a citizen now, and the Constitution forbids the expatriation of Honduran citizens by their government.
The proper line of succession was followed after Zelaya's ouster. Because there was no Vice President in office when Zelaya was removed (he had resigned to run for president), Micheletti was the proper successor, as he had been president of the Congress.
"The nonpartisan Congressional Research Service concluded the removal of former President Zelaya was Constitutional, and we must respect that," Rep. Aaron Schock said today. "It's unconscionable the administration would attempt to force Honduras to violate its own Constitution by cutting of foreign aid."
Posted by: Fred ||
09/25/2009 00:00 ||
Comments ||
Link ||
[2 views]
Top|| File under:
#1
Why should compliance with the Honduran Constitution bother the Beltway Bandits anymore than the constraints of the American Constitution? /rhet question. It's all about power to them.
[Iran Press TV Latest] Venezuela's President Hugo Chavez has claimed that his brand of socialism would solve all problems in Latin America, calling on the world to recognize it.
Chavez, who attended the premiere of Oliver Stone's new documentary South of the Border in New York on Wednesday night, used his time at the UN General Assembly to publicize what he called the rise of socialism in Latin America.
South of the Border is a documentary focused on Chavez. Tariq Ali, the writer of the documentary, has described it as a "a political road movie."
"South of the Border is a revolution underway in South America, Latin America and the Caribbean," Chavez said. "The world must come to see it, accept it as a fact of life."
Chavez said the revolution in Latin America would solve the problems of capitalism and wars in other regions of the world.
He also praised the US President Barack Obama, saying he brought hope to the world.
"It does not smell [like] sulphur anymore, it smells [like] hope," Chavez said.
Chavez charged former US president George W. Bush of smelling of sulphur after he stood at the assembly podium to deliver his speech in 2006. Chavez stepped up to the same podium right after Bush to criticize his policy in Latin America.
"God should protect Obama from the bullets that killed [former US president John F.] Kennedy," Chavez said.
Posted by: Fred ||
09/25/2009 00:00 ||
Comments ||
Link ||
[0 views]
Top|| File under:
#1
Hey Chavez, I wouldn't count my beans before the harvest is in you imbecilic.
[Iran Press TV Latest] Member states of the International Monetary Fund continue to recognize the deposed Honduran leader Manuel Zelaya as the Central American head of state, IMF says.
"In recent weeks, the Fund consulted its membership through its executive directors," the IMF said in a brief statement Thursday quoted by AFP. "Based on this consultation, IMF Management has determined that it will recognize the government of President Zelaya as the government of Honduras."
Following the June 28 military ouster of Zelaya, most of the countries, including the Latin American nations and the US, called for the reinstatement of the constitutional President Manuel Zelaya.
So far, all regional and international efforts to return Zelaya back to power have failed, with the ousted leader discreetly entering Honduras and taking refuge at the Brazilian embassy.
As the crisis brews in the poor country, both Zelaya and interim head of the government, Roberto Micheletti have expressed readiness to enter direct talks.
Posted by: Fred ||
09/25/2009 00:00 ||
Comments ||
Link ||
[0 views]
Top|| File under:
TEGUCIGALPA, Honduras -- If it weren't for the deposed president holed up in the Brazilian embassy, life would be almost back to normal in Honduras on Thursday. After days of paralyzing curfews, most children returned to school, airplanes began landing at the airport, borders were open and downtown streets were again crammed with taxis, buses and vendors hawking newspapers, snacks and bubble gum.
Some schools remained closed, but the busy streets were a dramatic shift after the past three days, when Hondurans have been forced to scramble through looted stores for food and police have blasted water cannons and tear gas at violent demonstrations.
Thursday morning, there remained just one tense part of the capital. Hundreds of troops and police continued to ring the Brazilian Embassy, where an increasingly exhausted President Manuel Zelaya, his family and about 70 supporters, have been sheltered since he sneaked back into Honduras on Monday.
Zelaya was forced out of Honduras at gunpoint June 28 after the Supreme Court endorsed charges of treason and abuse of authority against the leader for repeatedly ignoring court orders to drop plans for a referendum on whether the constitution should be rewritten. Interim President Roberto Micheletti has vowed to arrest Zelaya if he leaves the shelter of the diplomatic mission.
Zelaya told Radio Globo in Honduras on Thursday that "calm will not return to the country as long as its president is locked up."
International leaders, including Brazilian President Luiz Inacio Lula da Silva and President Obama, have called for Zelaya's reinstatement ever since he was ousted, and his surprise arrival has prompted new calls for Micheletti to step down.
Rene Zepeda, the interim government's information minister, said Honduras has no intention of breaking ties with Brazil so it can go after Zelaya inside the compound. But he added: "Brazil should make Zelaya be quiet and provide the conditions so that he can dialogue with our government instead of unleashing violence in Honduras."
About 3,000 Micheletti supporters marched toward the Brazilian Embassy and stopped in front of soldiers guarding the compound Thursday. The group of smartly dressed lawyers, wealthy homemakers and others held signs saying "Get out Brazil!" as they chanted "We want elections not intervention!"
A coffee shop handed out espresso to the participants, who ended their protest without incident.
Micheletti has said the conflict will be resolved when Hondurans elect their next leader Nov. 29, although the U.S. and other countries have said they may not recognize the vote if Zelaya is not reinstated.
Former President Jimmy Carter, whose nonprofit center in Atlanta is dedicated to resolving conflicts, has been in touch with the Honduran government to express concern about the current situation, Carter Center spokeswoman Deanna Congileo told The Associated Press in an e-mail.
Oh gawd, they're doomed.
Micheletti invited the Nobel Peace laureate to mediate new talks but Congileo said Carter is simply supporting efforts made by the Organization of American States and Costa Rican President Oscar Arias - another Nobel Peace laureate who moderated, previous U.S.-backed talks.
Those negotiations broke down after Micheletti's government refused to accept a plan that would allow Zelaya to return to the presidency with limited powers and prohibit him from attempting to revise the constitution. Zelaya's term ends in January. Micheletti announced in a statement Thursday that he told Carter he hopes Arias visits Honduras to hold talks with him and Zelaya.
Zelaya supporters, meanwhile, marched through working-class neighborhoods to rally backers. Police arrested about 20 people for blocking roads and other disturbances, police spokesman Victor Lopez said.
It's still unclear whether demonstrators were killed in the previous day's protests, which turned violent. Zelaya has told various media outlets that 10 protesters were killed by police, he has given no details and authorities dispute this. Local hospitals report several people have been treated for gunshot wounds.
Posted by: Steve White ||
09/25/2009 00:00 ||
Comments ||
Link ||
[12 views]
Top|| File under:
Original in Spanish; computer translation with clean-up by me. All errors mine.
BRASILIA, BRAZIL. Authorities of the Brazilian government accused the president of Venezuela, Hugo Chávez, of a plan "to orchestrate" the arrival of the former president Manuel Zelaya to the Brazilian embassy in Tegucigalpa, where he has taken refuge since Monday.
The newspaper OR State of Sao Paulo published on the front page "Brasilia attributes to Chávez plan of return of Zelaya to Honduras".
Advisors of President Luiz Inácio Lanky informed OR Been that "the infrastructure and the logistics for the illegal return of Manuel Zelaya to Honduras included the participation of the Venezuelan president Hugo Chávez".
The Venezuelan leader, "even advised Zelaya to lodge in the embassy of Brazil and take refuge" because "the diplomatic representation in Brazil, as opposed to the others, offer all the security for the deposed president, since the government of the Lanky President is to the vanguard of the pressure so that Zelaya be returned to the power".
The Brazilian position has the full endorsement of the United States that does not recognize to the government that was installed in Honduras, recalled the Brazilian [advisor].
Brazil, United States and Chile, request approval by Honduras of the Agreement of San José, proposed by the president of Costa Rica, Oscar Arias, whose central point is the return of Zelaya to the presidential chair, rejected by the government of Roberto Micheletti.
The president maintains that they did not participae in the return of Zelaya to the embassy of Tegucigalpa. The Brazilian chancellery asked Zelaya "officially" to avoid statements that could produce any type of reaction of its followers, that would include acts of violence, indicated the newspaper.
The House of Representatives approved yesterday the shipment of a delegation of parliamentarians from Brazil to Honduras. According to Ivan Valente (PSOL-SP), one of the members of the delegation, "the idea is to reject all the intents of distortion of the institutions and to protect the integrity of the Brazilian delegation in Honduras".
Said delegation is faced with legal difficulties and logistics for the trip, since for the time being Brazil does not have diplomatic relations with Honduras and must request a safe-conduct from the Honduran Congress to enter to the country. Besides they could not arrive at Honduras, because -in a day marked by the intensification of the looting to supermarkets and banks- the airports of the country remained closed, stated the newspaper OR State of Sao Paulo.
Posted by: Steve White ||
09/25/2009 00:00 ||
Comments ||
Link ||
[2 views]
Top|| File under:
(CNSNews.com) - Even though the Border Patrol now reports that almost 1,300 miles of the U.S.-Mexico border is not under effective control, and the Department of Justice says that vast stretches of the border are easily breached, and the Government Accountability Office has revealed that three persons linked to terrorism and 530 aliens from special interest countries were intercepted at Border Patrol checkpoints last year, the administration is nonetheless now planning to decrease the number of Border Patrol agents deployed on the U.S.-Mexico border.
Border Patrol Director of Media Relations Lloyd Easterling confirmed this week--as I first reported in my column yesterday--that his agency is planning for a net decrease of 384 agents on the U.S.-Mexico border in fiscal 2010, which begins on October 1.
#1
almost 1,300 miles of the U.S.-Mexico border is not under effective control
...and reducing the number of Border Patrol will increase effectiveness of interdiction?
I read where Nashville is one of the most dangerous cities in the U.S. because it is one of the cities on the end of the Mexican drug cartel distribution network. I lived there 40 years ago and it was a decent and nice place to live. Most other dangerous cities in the U.S. are dangerous for the same reason. Gangs have proliferated in Nashville and across the U.S. over the years.
#3
Maybe those "black helicopter" types weren't so far off. After you get rid of border controls you will naturally start getting political mergers. (See EU)
#6
Yet another example of thehow this administration is now acting in a manner contrary to what was promised in the campaign. Secure borders, then immigration reform really meant less enforcemnt (remember they already stopped workplace raids inside the borders)and an amnesty bill with immediate social program access timed to next elections to garner votes. Folks, we are systemmatically losing control of our country!
#7
This has become an issue for the states to take care of, since the Feds are being constrained. It's time the rest stopped waiting, and just send in their version of the Texas Rangers to supplement along the border as needed, and have the state sheriffs and local police act to expel illegals as they come across them.
#8
Smugglers can drive trucks from Mexico to the heart of Phoenix without touching a road. Reducing border patrol will make it so they can drive a fleet of trucks instead.
Posted by: Mike N. ||
09/25/2009 23:22 Comments ||
Top||
#3
Next Gore will claim he invented the automobile. It's...snooozzze...not much of a surprise that Gore would get an U.S. loan for his pricey auto--not exactly a Volkswagen or ordinary person's car. He can hawk these cars to his Hollywood chums and throw in a bottle of snake oil with every purchase.
The US is too dependent on Japan and China buying up the country's debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC. "It's almost Armageddon if the Japanese and Chinese don't buy our debt, Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."
Robertson said inflation is a big risk if foreign countries were to stop buying bonds.
If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent, he said. It's not a question of the economy. It's a question of who will lend us the money if they don't. Imagine us getting ourselves in a situation where we're totally dependent on those two countries. It's crazy.
Robertson said while he doesnt think the Chinese will stop buying US bonds, the Japanese may eventually be forced to sell some of their long-term bonds.
That's much worse than not buying, he said. The other thing is, they're buying almost exclusively short-term debt. And that's what we are offering, because we can't sell the long-term debt. And you know, the history has been that people who borrow short term really get burned.
The only way to avoid the problem, he said, is to "grow and save our way out of it."
"The U.S. has to quit spending, cut back, start saving, and scale backward," Robertson said. "Until that happens, I don't think we're anywhere near out of the woods.
Robertson is not very optimistic about the short-term. We're in for some real rough sledding, he said. I really do think the recession is at least temporarily over. But we haven't addressed so many of our problems and we are borrowing so much money that we can't possibly pay it back, unless the Chinese and Japanese buy our bonds.
Posted by: Steve White ||
09/25/2009 00:00 ||
Comments ||
Link ||
[2 views]
Top|| File under:
#1
To Obama and the rest of the America hating people in congress - this is a feature and not a bug.
#2
I taunt leftists with Chinese and Japanese savers caused the financial crisis and it's largely true. Excess savings results in excess lending.
There is no way the USA, UK and several other countries will ever pay these debts and the way out is a bout of high inflation.
One consequence will be a massive appreciation of the Yuan and severe problems for China's export led growth model.
And while the implication is that being unable to repay these borrowings is a bad thing for the USA, UK etc, the main consequence is that future borrowing will be a lot harder/more expensive, which many of us would see as a good thing.
#4
One consequence will be a massive appreciation of the Yuan and severe problems for China's export led growth model.
The Chinese for years refused to float the Yuan to stoke exports. Now instead of gradual adjustments they'll face a virtual collapse of their export trade and buyers who'll move on to other labor sources [re: Southeast Asia, et al]. Their only 'hope' is that they can generate internal demand to compensate or join the movement of capital to cheaper labor markets. I wouldn't bet on that.
#5
The only large source left of cheap labor would seem to be Africa. What's the chance of an economic boom there as Multi-nationals rush to build new factories to exploit the labor situation?
#6
In Q2 the Fed accounted for nearly half of all treasuries purchases. ($164 billion of total of $339 billion) Nobody wants to long term Treasuries, so the Fed are forced to.
Problem is that the Fed was given $300 billion for quantitative easing, but have only $10 billion left and that could be gone in a few weeks. So who will buy treasuries long term then?
As the Chinese say, when they want to curse you, "may you live in interesting times".
#8
BP, I wasn't wishing for inflation, I was pointing out that it is the only way out of the debt trap. It's not that it's a deliberate policy option either. It will happen as an automatic consequence of a depreciating USD, UKP, etc.
[Iran Press TV Latest] Police has fired pepper spray to disperse demonstrators attempting to protest against the G20 summit in Pittsburgh, Pennsylvania.
Riot police intervened after a 1,000-strong crowd, some of them black-clad hardliners wearing goggles and brandishing anti-capitalist banners, set off on a two-mile (three-kilometer) trek towards the conference venue.
As the group left the city park where they had gathered in defiance of a ban on non-authorized rallies, police broadcast a pre-recorded announcement in English and Spanish declaring their protest an "unlawful assembly."
Shortly afterwards, riot officers blocked their path and fired tear gas grenades., dispersing most of the protesters.
On Thursday, the US President Barack Obama hosted a summit of world leaders aimed at tightening up regulations to ensure that a financial meltdown would never happen again.
Posted by: Fred ||
09/25/2009 00:00 ||
Comments ||
Link ||
[3 views]
Top|| File under:
#1
IMHO when the black-clad masked idiots show up, so shoud the batans, rubber bullets and tear gas. They are there for one reason and that is to cause chaos and destruction of property. Trust me you start whacking a few of them in the head and they will think twice before they come to the next riot. Anyone know what i up with teh fatigue-clad guys grabbing the protestor? One of them is wearing the old style BDUs (OSI/CID/NCIS?) or possibly a staged event?
#2
From the accounts I've read, it was hilarious. They never got anywhere near the convention center, and they basically just got their asses kicked by the cops.
They made at least two tries at getting around the cops, through the Strip District and the long way through Bloomsfield, Oakland, and I guess eventually Duquesne campus, but didn't try to go through the Hill District. White-boy anarchists too scared of the ghetto to make trouble on the Hill?
Posted by: Mitch H. ||
09/25/2009 9:35 Comments ||
Top||
#3
IMHO when the black-clad masked idiots show up, so should the batons, rubber bullets and tear gas.
Nah, we just lock them up in old warehouses. Google 'Guantanamo on the Hudson' for a HowTo.
#5
There is a Federal law sating that people cannot appear at protest functions wearing masks. It's a law passed during the early 60's to help combat the KKK. Some one needs to enforce it.
Posted by: Deacon Blues ||
09/25/2009 19:32 Comments ||
Top||
#6
They never got anywhere near the convention center, and they basically just got their asses kicked by the cops.
Yeah, but it's all good.
"I went down to the demonstration
to get my fair share of abuse"
-- Rolling Stones, "You Can't Always Get What You Want"
#1
Elsewhere I read that this is likely Necrotizing fasciitis, the "flesh eating bacteria", that is now all over the US, some of which is antibiotic resistant. So you catch the flu, and you could get Acute Respiratory Distress, or a whopper of a Staph infection, causing bleeding into the lungs, and maybe a Staph toxic shock syndrome.
#2
That sounds almost as much fun as chocolate chip cookies, Anonymoose. Is this the kind of thing where one just curls up to die, or can something be done? The PDF doesn't say.
#3
SWINE FLU PSA's > only tells us that SWINE FLU closely resembles regular = normal flu, but doesn't inform on the major differentiations nor on why Swine Flu is mortally more dangerous than regular flu.
IMO the BAMMER'S ADMIN's OFFICE OF SURGEON GENERAL + CDC, etc. are SERIOUSLY DROPPING THE BALL the Officials -in-charge should be either fired or seriously downgraded in status just on principle.
Scientists and government leaders have already started mapping out how to try to improve the world's first successful AIDS vaccine, which protected one in three people from getting HIV in a large study in Thailand.
That's not good enough for immediate use, researchers say. Yet it is a watershed event in the 26 years since the AIDS virus was discovered. Recent setbacks led many scientists to think a successful vaccine would never be possible.
"This is truly a great moment for world medicine," said Lt. Gen. Eric Schoomaker, the U.S. Army Surgeon General. The Army helped sponsor the study, the world's largest of an AIDS vaccine.
Posted by: ed ||
09/25/2009 00:00 ||
Comments ||
Link ||
[0 views]
Top|| File under:
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
The US is too dependent on Japan and China buying up the country's debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC. "It's almost Armageddon if the Japanese and Chinese don't buy our debt, Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."
