Tuesday, November 30, 2010

A Lawless Nation of Laws

Ours is a lawless nation.  This may seem a bizarre allegation considering our criminal code is full of laws, rules, and regulations.  Yet it is this that is the problem.  When our understanding of the law is not derived from God, but from men, by definition our laws are lawless.  There is no higher authority--no one to whom man is accountable.  In such a system, might makes right.  The majority determines what is acceptable and what not.  This is lawlessness and it is a tyranny.  Chesterton recognized this when he wrote, "When you break the big laws you do not get liberty; you do not even get anarchy. You get the small laws."

Brian Aitken is a victim of this tyranny.  His crime was simply to possess handguns, which he'd purchased legally, in a state where he was moving to, without having properly registered the handguns.  Now he's begun to serve a seven year sentence.  This is absolutely criminal.  Those responsible for this judgment--the sheriff's office, the judge, and the jury will themselves have to give an account for their wickedness.  Such is our age. 

I like to quote Herbert Schlossberg, as my readers know.  Here he is again:

“The Old Testament records numerous cases in which rules adopted a theory that thousands of years later would be called substantive or positivist law. When that happened, a prophet stood ready to knock on the king’s door and tell him that there was a law higher than himself, that he was the creature and not the creator. “Hence the state does not decide what is good or what is law,” says Ellul, “but the good and the law determine the action of the state.” Without recognizing that principle, all the procedural safeguards in the administration of justice—constitutions, ballots, court systems, and the like—end up serving evil.” (Herbert Schlossberg, Idols for Destruction, p. 208-209).


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Tuesday, November 23, 2010

IEA: Peak Oil Was 4 Years Ago

The term "peak oil" has been bandied about for many years now.  I've referenced it myself on this blog.  But now, according to the International Energy Agency, peak oil has not only arrived, it arrived four years ago.  Chris Martenson has just written a series of articles concerning the International Energy Agency's 2010 World Energy Outlook.  I suggest reading at least part 1, if not the whole thing.

Here's the meat of the report from the IEA:

"Crude oil output reaches an undulating plateau of around 68-69 mb/d by 2020, but never regains its all-time peak of 70 mb/d reached in 2006, while production of natural gas liquids (NGL) and unconventional oil grows quickly."

Yet the IEA data is unable to account for where the oil will come from to maintain the plateau.  The report simply asserts that the oil will come from oil "fields yet to be found."

Chris has the graphs and the implications, and I suggest reading them.  But the simple matter is that for decades energy experts have been warning us that peak oil is coming.  Only now, in hindsight is the IEA acknowledging peak oil.  This means that oil is going to become considerably more expensive and more difficult to obtain.  This will only get worse until alternative energy sources reach economic viability, or oil extraction technologies make huge leaps.

Our economy, as Chris Martenson argues, is built on economic models of "infinite growth."  This infinite growth paradigm is the only way to sustain the voodoo economic policies employed by the Fed's sorcerers. Infinite growth can only happen with infinite energy.  The logic here is simple, yet so politically volatile that no one in leadership is willing to recognize the problem.

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Buy and store gold abroad at BullionVault.
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Tuesday, November 09, 2010

George W. Bush: A Reminiscence

George W. Bush's memoirs are now available, and our current president can make us sentimental for W--but this video should remind us all of the terrible legacy of his presidency.


Bush

Dylan | Myspace Video


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Jim Grant on QE2

This is an excellent interview from Jim Grant, of Grant's Interest Rate Observer, on what is being referred to as "QE2."



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Thursday, November 04, 2010

What Does it Mean?

Much has already been written and said concerning what the massive Republican gains in the House of Representatives and the Senate mean.  I don't intend to add much to these speculations, but I do want to make two observations:

First, the Republicans must stand firmly on the principles they espouse in their rhetoric.  If they are going to do any good at all, they must stand in firm opposition to not only all that Obama stands for, but all that the previous GOP House stood for.  This requires absolute defiance against the sort of spending they've grown accustomed to.  This means near-austerity measures in spending cuts.  This also requires constantly harassing President Obama and the Senate with bills intended to repeal a century's worth of cancerous government growth.  The GOP House must also firmly oppose the Federal Reserve and seek to audit it along with the gold reserves of Fort Knox.  We must move toward the abolition of the Federal Reserve. 

Secondly, the Republicans must demonstrate goodwill toward Ron Paul and give him the chairmanship of the House Finance Committee.  As Lew Rockwell writes:

If the Republicans weren’t dishonest, and entirely in the pocket of the big banks, Ron Paul would be taking Barney Frank’s place as chairman of the finance committee. Not satisfied with blocking him there, they have even kept him out of the chairmanship of the monetary policy subcommittee, as Barney has frequently remarked. The first time the Republicans erased Ron’s seniority; the second time, they imported a congressman from another committee to take the job; the third time, they temporarily abolished the subcommittee. This time, I think they would fear the backlash, so Ron will probably be chairman. If so, I can’t wait for his hearings on the QE2, the gold, the business cycle, and much else.

Giving the chairmanship to Paul will demonstrate that they are truly reformed and that they are serious about fixing government and holding the Federal Reserve accountable.

I'm not optimistic about the Republican House being able to accomplish much.  But they are in a position to be a roadblock to the forces that would bring ruin upon our nation.  If they so choose, they are in a position to bring the government to a standstill and hold the nation's purse strings firmly closed to those that would redistribute government largess to their benefactors.

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Buy and store gold abroad at BullionVault.
Get free shipping on your gold and silver purchase at Lear Capital.
Buy and Store Gold at Goldmoney.