July 4th Musings
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-07-04 10:18
by Karl Denninger
in Editorial
Ignore this thread
July 4th Musings
 

How many people know that today is not the birthday of our nation in terms of the war of Independence, nor the day on which peace was achieved, free of British rule?

Rather, it was the day that a handful of brave men stood and affixed signatures to a document we call The Declaration of Independence.

I wish to quote it, in full, and annotate it in the context of the present day.

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.

It is only fair to tell people why you are driven to tell the present government to "Go to Hell", and challenge them that should they refuse to let you be in peace, you will, if necessary, endeavor to send them to Hell before they do so to you.

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.

It was held that you are not entitled to happiness -- only its pursuit.  That is, there is no guarantee of success in human endeavors.  Indeed, it is often the attempt that is as rewarding, or nearly so, as the achievement itself.

  — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,

Government has no power that the people do not consent to.  Any such taking of power by government is illegitimate.

  — 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.

Should government take powers without consent of the governed the people have the right to rise and alter or abolish that government, through peaceful means if possible, but through force if necessary.

Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed.

Men and women are, for the most part, unwilling to commit to the most-serious of change and its potential consequence.  This is a good thing and aligns with the best outcomes for the people in the general sense.

But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

It is not just the right of the people to rise and demand that government cease abusive practices, it is the duty of the people to do so.

 — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

Gee, where have we seen this of late?  Barclays anyone?  Rigging LIBOR is just part of it.  Despite claims that "Nobody committed any crimes" (ala Gary Johnson and President Obama) the fact of the matter is that the government has jailed people for rigging the price of cardboard boxes!  Yet banksters have laundered money for drug cartels, ripped off each and every resident in an entire county (Jefferson County), committed hundreds of thousands of admitted counts of perjury with robosigned and otherwise defective affidavits and assignments knowingly presented to courts (which, incidentally, they're still doing in that they're presenting affidavits claiming that a particular entity owns a given mortgage while fully aware that they don't) and now, it turns out, they rigged the largest interest-rate market base used in worldwide commerce, in concert and intentionally so as to skim off profits from their derivative contracts.

The common word for most of this, under any rational examination, is RACKETEERING.  RICO is a law that was put in place to bust gangsters who conspired among themselves and with others to rig various contracts and steal from people on a pretty-much continual basis. 

But when banks do it nobody will jail them.

And incidentally, Barclays has suggested that The Fed knew the banks were rigging LIBOR and did nothing about it.  This means that under any reasonable interpretation of the law, if this is true then The Fed was complicit and therefore the institution and those within it should be held personally and corporately to criminal account.

Or how about GlaxoSmithKline, which was just fined $3 billion for a long-running scam in which it both promoted drugs off-label and failed to report safety data that put people at risk?

I note that $3 billion is less than 3% of GSK's market capitalization and under 7% of one year's revenue.  Despite pleading guilty to criminal charges not one individual has been charged or imprisoned and the firm can, and will, simply add the cost of the fines to the price of its products, forcing you, the patient, to pay for its criminal conduct.

He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

You mean like Obamacare?

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their Public Records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.

What need of a Representative House (or Senate, in this case) when you simply ignore the constitutional requirements thereof (specifically, to pass a budget)?

He has refused for a long time, after such dissolutions, to cause others to be elected, whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.

Ditto.  Oh, as for those invasions, what of the TSA's invasions of the people?

He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.

Who needs to be naturalized?  In the US you need only steal your way into America and under Obama you can then steal from everyone else -- forever!  Oh, and lest you think this is just a Democrat problem, you're wrong.  The Republicans won't put a stop to this crap either, and neither will Gary Johnson, allegedly-Libertarian, who thinks it's just fine that 20 million people began their life in the United States by committing a criminal act as their very first act upon entry to the country! 

What a nice standard we set for expected behavior (and we then are surprised when thuggery becomes, for many, a way of life?)

He has obstructed the Administration of Justice by refusing his Assent to Laws for establishing Judiciary Powers.

He has made Judges dependent on his Will alone for the tenure of their offices, and the amount and payment of their salaries.

What the hell happened with Roberts?  I don't recall anyone (yet) suggesting articles of Impeachment for him, although he damn well ought to be for his torture of the Constitution in upholding PPACA.

He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

You mean like the TSA?

He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.

You mean like the Drug Warriors who have raided state-licensed and approved marijuana dispensaries?

He has affected to render the Military independent of and superior to the Civil Power.

Not yet.....  I don't think, anyway.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:

"What is the UN" for $200 Alex.

For quartering large bodies of armed troops among us:

For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:

For cutting off our Trade with all parts of the world:

For imposing Taxes on us without our Consent:

For depriving us in many cases, of the benefit of Trial by Jury:

For transporting us beyond Seas to be tried for pretended offences:

Oh, gee, the list here is too long to compile in a reasonable form.  NDAA,  The Patriot Act, PPACA, TARP and on and on and on.

For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies

For taking away our Charters, abolishing our most valuable Laws and altering fundamentally the Forms of our Governments:

What is forcing States to assent to everything from driver license requirements (e.g. REAL ID) to drinking ages (21) to the former "double nickel" speed limit?

For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.

See above, plus PPACA.

He has abdicated Government here, by declaring us out of his Protection and waging War against us.

You mean like raiding the wrong house, which can and occasionally has resulted in the cops shooting innocent people?

 S.W.A.T. Team With Film Crew Storms WRONG HOME Terrified Teen Watching TV

He has plundered our seas, ravaged our coasts, burnt our towns, and destroyed the lives of our people.

He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.

He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.

He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Yeah, the people said 300:1 NO to TARP.  John McCain and Obama, along with Congress, said this to the people:

smiley

Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

So let's see....

Theft and fraud en-masse, at a scale dwarfing all other crime by citizens, committed by banksters and other corporate interests, including drug companies.

Intentional and admitted criminal conduct by both in multiple cases, including criminal conduct that has caused death and severe injury.

Intentional concealment by government of unlawful activity ("Gunwalker") that also has led to death of innocent citizens and peace officers.

Sexual assaults on a daily basis of persons doing nothing more than attempting to travel, without articulable suspicion or probable cause (the TSA.)

and much more (like we need more?)

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.

Hmmmm.... not yet.

And, I hope, not necessary.

But on this 4th Day of July, 2012, let us all remember exactly how America was born.  Tax rates that were one tenth of today's, along with usurpations and abuses that were trivial compared to that suffered by the people of this nation today on a daily basis

Yet those usurpations of 1776, truly trivial in scope and oppression compared to that which we suffer today, led the people to rise and demand that government cease and desist, and when it refused, they took arms and expelled that government, replacing it with one of their own design.

In 1776 nobody was imprisoned for consuming (or growing) a plant.

In 1776 nobody had their breasts and genitals groped simply because they attempted to travel within the boundaries of what was to become The United States.

In 1776 nobody questioned your right to ride a horse or operate a carriage for your own personal conveyance upon the roads of the day.

In 1776 you decided when to pay a doctor, and you were never compelled to pay for someone else's attendance by a physician or stay in a hospital.

In 1776 government did not routinely protect the firms responsible for more than one quarter of all gross domestic product from ruin and personal imprisonment of their officers and employees when they committed gross offenses of theft, fraud and even caused death among the population.

In 1776 nobody needed a permit to fashion, sell, or possess a firearm.

In 1776 nobody needed permission to speak, or to assemble upon the public square.

In 1776 nobody was forced to pay someone else's debts to which they had not consented or were related to.

Finally, in 1776, free of all of these usurpations of today, the American middle class was alive and well, and our nation-to-be enjoyed a standard of living that, on a comparable basis, was arguably the best in the world.  Free enterprise provided true upward mobility for anyone of sufficient desire, wealth was for the most part yours to keep once lawfully acquired with tax rates a tiny fraction of what is assessed today, the right to protect oneself and one's family was unquestioned and the right to personal travel using the means common to the day on an unfettered basis formed a key part of the mobility and vitality of our nation-to-be's people and business ventures.

Lacking all of the technological marvels of the day and having none of the modern conveniences and knowledge of science, medicine and industry, we were far more free, far more prosperous on a comparable basis and actually had a reason to look forward to the next morning with more, rather than less, freedom in our future.

So as you gather around the BBQ, play on your boats and drink beer with your friends on this 4th of July, please take the time to contemplate what life was really like in 1776, what it is really like today, and why you, I, and everyone else continue to consent to the abuses and usurpations that are shoved down our throats by the thugs in both industry and government.

Perhaps that will add a bit of sobriety to your celebration.

Discussion below (registration required to post)
 

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User Info July 4th Musings in forum [Market-Ticker]
Debtpie
Posts: 534
Incept: 2009-12-17

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Oh Boy, so much to comment on...

Karl says: "You mean like raiding the wrong house"

I live in an upper-middle class neighborhood (nice laws, quiet, friendly bunch). In the late 90's, we had a neighbor a few houses down that was a drug dealer; although he didn't appear to (openly) deal from his house as I never saw the typical signs (high traffic, late night traffic, parties, etc.)...seemed like a nice, quiet guy to me.

Make this short...one day I'm watering the lawn with the kids running though the sprinkler...van pulls up in front of his house...6 guys in black with semi-auto's, face shields and a battering ram raid the place...while he was at work!

WTF! Rush the kids in the house and watch from the upstairs window. They didn't take anyone out of the house and it didn't even appear they took anything. Looked to me like they went in looking for him...he didn't come home from work that night...so I guess they figured out he was at work..I wonder if they bashed in the doors there too?

Talk about overkill..that raid was just silly..and DANGEROUS!


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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.

Mpilar
Posts: 5569
Incept: 2009-01-05
Gold
Nashville, TN
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Well said Karl. I find the 4th of July truly depressing, more so, when I drive around and see the Chinese made flags everyone has plastered all over their homes and mailboxes, having exactly zero understanding of what it once represented.

I would ask 1 question, for silent thought only, as it doesn't require public comment, nor do I request it..."If not now...then when?" A simple question that has been asked by men for much longer than I've been alive...

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Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. H. L. Mencken
Hogman
Posts: 7874
Incept: 2008-02-18
Green
Derby City, USA
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Thank you Karl, very much appreciate your fortitude

smiley

Bill
Vernonb
Posts: 393
Incept: 2009-06-03
Silver
State College, PA
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Excellent ticker. Thank you for so eloquently stating the problems and issues of this day and to the reasons the USA was founded - to force tyranny from our land and to secure the future for our families and future generations.

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"The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.”
-Alber Camus (1913-1960)
Anti
Posts: 4278
Incept: 2007-10-09
Silver
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No one will describe our legislatures as possessing "manly firmness", which IMO reflects the sad state of the electorate.

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Health is better than health insurance
http://gerson.org/
Over the past 60 years, thousands of people have used the Gerson Therapy to recover from so-called “incurable” diseases such as cancer, diabetes, heart disease and arthritis.
Frat
Posts: 1934
Incept: 2009-07-15
Silver
NKY
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Quote:
But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.


This has been my favorite line since I can remember, and more often than not is used as my sig-line on forums, simply for the POWER it holds. In fact, it's time to dust it off in this particular online abode. Huh. Not letting me - getting an error from my control panel whenever I hit submit. Odd.

And we've failed miserably in our duty - without question.

I believe a good portion of WHY the status quo continues is that TPTB have learned several lessons - but MOST of all, the fact that if you continue to FEED the unwashed masses, you stand a much better shot at the apathy you need from that same populace. Feed 'em, and they won't usually cause a massive fuss.

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We're ****ed. Where's Henry Bowman when you need him?

Winstonsmith2009
Posts: 1060
Incept: 2009-08-05

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For appropriate viewing on the 4th, Richard Burton's last film:

http://www.imdb.com/title/tt0087803/

"All the confessions that are uttered here are true. We make them true. And above all we do not allow the dead to rise up against us. You must stop imagining that posterity will vindicate you, Winston. Posterity will never hear of you. You will be lifted clean out from the stream of history. We shall turn you into gas and pour you into the stratosphere. Nothing will remain of you, not a name in a register, not a memory in a living brain. You will be annihilated in the past as well as in the future. You will never have existed."

And it's once again available on DVD, no Blu-ray unfortunately:

Region 1:

http://www.amazon.com/1984-John-Hurt/dp/....

All regions:

http://www.amazon.com/1984-John-Hurt-Ric....

And for a few chuckles:

http://www.flickr.com/photos/expd/748760....

Reason: Added humorous photo link
Nanna
Posts: 5658
Incept: 2008-01-20
Gold
NY State
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My plans for today include a visit here: http://www.friendsofclermont.org/an-old-....

Quote:
In October 1777, the Revolutionary War arrived on Clermont’s doorstep via a British armada sailing upriver from New York City to provide support for General John Burgoyne’s army, whose march from Canada was foundering north of Albany. That same force had already stormed two forts in the Hudson Highlands and burned Kingston, the first capital of the new New York State. The next target was the riverfront seat of the rebel Livingstons.

Learning of the imminent danger, Margaret Beekman Livingston — the wealthy (in her own right) wife of Clermont’s owner — took action, after refusing the offer of protection from a wounded British soldier recuperating at Clermont. (She steadily declined aid from an enemy of her country.)

The British courtiously gave her time to vacate, which she did, with most of her prized possessions, before burning the house to the foundations.

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"There are fluctuations in the market that don't mean anything."Ira Gluskin, February 14, 2012
Dashingdwl
Posts: 9752
Incept: 2007-06-26
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los angeles
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When does the Revolution start?


It's sad, but so many of today's liberal progressives (and faux conservatives) simply laugh when one mentions the Declaration of Independence and/or the Constitution, giving you the look as if to say "what is that trivial document you keep getting all worked up about?"

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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.

Jpg
Posts: 329
Incept: 2009-03-23

MI
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Quote:
Government has no power that the people do not consent to. Any such taking of power by government is illegitimate.
Not only does the government have no power that the people do not consent to, they cannot consent to give the government a power they do not themselves have.

I have a right to defend myself and my property; I can consent to have the government maintain a police force to defend my person and my property.

I do not have a right to stick a knife in my neighbor's ribs and demand he pay for my medical expenses (or anything else). Therefore, I cannot consent to have the government do that on my behalf.
Musicandnature
Posts: 1947
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NJ
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Our Creator gave Karl a good dose of wisdom in penning today's missive.
It should be required reading to Congress at next session.
The 'Spirits of '76' reside in Niceville.
(Great book by Eric Sloane with that title btw)

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Since it costs a lot to win, and even more to lose, You and me bound to spend some time wonder'n what to choose. Goes to show, you don't ever know, watch each card you play and play it slow...Wait until that deal come round, don't you let that deal go down, no no. Garcia/Hunter.

Peteb
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Simply magnificent...
Winstonsmith2009
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http://www.fredoneverything.net/Receding....

The Receding Tide
Becoming Uzbekistan
March 26, 2012

Several things characterize countries of the Third Word, whatever precisely "Third World" means.

The first is corruption. America is rotten with it, but American corruption is distinct from corruption in, say, Guatemala or Thailand, being less visible and better organized.

Several major differences exist between the usual corruption in the Third World and that in America. In most of the Third World, corruption exists from top to bottom. Everyone and everything is for sale. Bribery amounts to an economic system, like capitalism or socialism. By contrast, in the United States, graft flourishes mostly at the level of government and commerce. You don’t (I think) slip an admissions official at Harvard twenty grand to accept your shiftless and dull-witted slug of a misbegotten offspring. Nor do you pay a local judge to drop dope charges against your teenager. And in the Guatemalas and Egypts of the planet, corruption tends to be personal. The briber and the bribed act as individuals.

In the United States, corruption occurs at the level of policy and contracts, between corporations, special interests, and Congress. It is done gracefully and usually legally. For example, Big Pharma pays Congress to insert, in some voluminous bill that almost no one will read, a clause saying that the government will pay list price for drugs instead of negotiating for a better price. Over time, this is worth hundreds of millions, paid by you. Yet the clause is legal. Or military industry pays Congress to buy an enormously expensive and unneeded airplane. It’s legal. Read the bill. Or agribusiness pays Congress to cough up large subsidies. Also legal.

In Mexico you pay your useless daughter’s useless teacher to give her grades she didn’t earn so that she can get into university. Corruption relies on individual initiative. By contrast, in America, corruption is a class-action industry. Large groups—blacks, women, Indians, unions—bribe or intimidate Congress into giving them special privilege: affirmative action, racial and gender set-asides, casinos, loans and preferences from the Small Business Administration according to sex and ethnicity. Corruption, plain and simple. But legal.

Second, unaccountable and often intrusive police not subject to control by the public. In America formal police departments rapidly grow more militarized, jack-booted, swatted-out, and their powers grow. A law-abiding citizen should never be afraid of the police, and a misbehaving cop should worry intensely when said law-abiding citizen records his badge number with intent to call the chief. Those days are over. Today the cops can bully, threaten, and harass, and there is precious little you can do about it. The proliferating laws against filming the police can have only one purpose, to prevent exposure of misbehavior. Third World.

Any organization involved in controlling a population is a de facto police outfit, as are TSA, “Homeland Security,” the FBI, NSA, ICE, and so on. Against none of these does the citizen have any recourse. In principle, yes, but in practice, no. Third World, but far more efficient.

Third, lack of constitutional government. This is not the same as the lack of a constitution. The Soviet Union had an admirable constitution, and paid no attention to it. America heads rapidly in the same direction.

In America, the Constitution is largely and increasingly ignored by the government. Constitutionally the three branches of government are co-equal, but in practice the Supreme Court is of little consequence and Congress is the action arm of a corporate oligarchy. Constitutionally Congress must declare war, but now the president sends combat troops wherever he pleases and Congress reads about it in the Washington Post. The president can order citizens murdered, ignore habeas corpus, monitor and store email. The government can search you at will with no pretense of probable cause. Third World.

Fourth, impunity. In the bush world, the rich and powerful are never brought to trail regardless of their crimes. We are there. Wall Street runs a clear and thoroughly documented scam, the subprime-loan racket, doing immense damage to the country. How many went to jail? How many were tried? How many now have high positions in the federal government? Third World.

Fifth, a yawning gap between rich and poor. As the American economy declines, the middle class sags into the lower middle class. The sag takes many forms. Prices rise but incomes don’t. Houses go into foreclosure. Student loans tied to the houses of parents become backbreaking. Businesses hire people as individual contractors, with no benefits. Increasingly the young live with their parents. The ship is taking water.

Yet the rich prosper. In America they carefully remain inconspicuous, not flaunting their money. But they have it. Third World.

Sixth, a controlled press. Many Americans I suspect will insist that the press is free, because they are repeatedly told that it is, because they have nothing to which to compare it, and because the control is most adroitly managed. But it exists.

In America control does not work as it did in the USSR, by savagely punishing the least expression of undesired ideas; this would be obvious and arouse opposition. American control works on the principle of fooling enough of the people, enough of the time.

Strictly speaking, the US does have a free press. You can easily buy the books of David Duke, Karl Marx, Hitler, or Malcolm X. The trick is that few read books. Television and newspapers rule, and they are owned by large corporations concerned with furthering the interests of large corporations.

Those interests are maximizing the viewership for advertising, which is where the money comes from; keeping the lid on in a country in which various groups would be at each other’s throats if demagogues were allowed to provide the spark; keeping corporations from suffering any sort of control, and furthering the political agendas of the media.

Thus you never, ever, allow serious criticism of Israel, and you never, ever, allow an articulate Palestinian to offer his views. You do not allow any coverage of crime by blacks, which might lead to social upheaval. You do not allow distressing reportage of the wars—a little girl looking in puzzlement at her bowels hanging out thanks to shrapnel. You do not do any serious investigative reporting of corporate corruption. And so on. Keep it bland. Keep it reassuring.

Don’t let, say, a cop talk about what really goes on, or a GI to talk about what soldiers really do in Afghanistan, and don’t let political debates touch on substance. Don’t allow, for example, unrehearsed questions: “Mr. Santorum, can you name in order the countries that border on Iran?” Oh no. One mustn’t reveal to the voters that neither they nor the candidates know what they are talking about. Better to maintain the illusion of Informed Citizens Engaging in Democracy.

Mexicans know what kind of government they have. Americans do not.
Noodleman
Posts: 2383
Incept: 2008-11-01

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I don't print many Tickers. This one goes in that file labeled "Best of the Best".

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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935

Az
Posts: 2386
Incept: 2008-09-22
Green A True American Patriot!
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Thank you for this special, timely, and appropriate Ticker. A must read for this 4th and will be emailing all on my list.

Re: the section ...
Quote:
He has affected to render the Military independent of and superior to the Civil Power.

Quote:
Not yet..... I don't think, anyway.

An addition to this section:
Quote:
Panetta tells Congress his authority comes from International Powers (Mar 07, 2012)
http://www.youtube.com/watch?v=qNyNf-R0_....

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Whistleblowers R my heros

Reason: grammar
Tnhermit
Posts: 348
Incept: 2009-02-18

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Great Ticker
Maybe its the cost

Paul Harvey Who were and what happened to the signers of the declaration


http://www.youtube.com/watch?v=iPj82rBmI....

Can't or don't know how to embed it
Coondog
Posts: 1582
Incept: 2008-01-21
Green A True American Patriot!
MI
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Quote:
Not only does the government have no power that the people do not consent to, they cannot consent to give the government a power they do not themselves have.

Jpg, you've put the crux of the matter very succinctly. If only this was the lesson taught in today's public schools, perhaps then the liberty-minded among us might have great enough numbers to keep the usurpers in check.

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"The purpose of all political action should be to promote liberty. We should always maintain the conviction that free people will be able to take care of all of their needs. When government gets involved, it can do things with a lot of good intentions, but it cannot do so without undermining our liberties." - Ron Paul

Flappingeagle
Posts: 1224
Incept: 2011-04-14

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Quote:
Quote:
— Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.


Gee, where have we seen this of late? Barclays anyone? Rigging LIBOR is just part of it. Despite claims that "Nobody committed any crimes" (ala Gary Johnson and President Obama) the fact of the matter is that the government has jailed people for rigging the price of cardboard boxes! Yet banksters have laundered money for drug cartels, ripped off each and every resident in an entire county (Jefferson County), committed hundreds of thousands of admitted counts of perjury with robosigned and otherwise defective affidavits and assignments knowingly presented to courts (which, incidentally, they're still doing in that they're presenting affidavits claiming that a particular entity owns a given mortgage while fully aware that they don't) and now, it turns out, they rigged the largest interest-rate market base used in worldwide commerce, in concert and intentionally so as to skim off profits from their derivative contracts.


Jefferson county Alabama is the canary in the coal mine of we-don't-give-a-****-about-the-people if there ever was one. A few local officials went to jail but somehow those who bribed the same officials didn't even get prosecuted. Not only didn't they get prosecuted, the banks made off with the money free and clear, sticking the people with an overpirced sewage system if there ever was one.

This is a failure on two fronts. One, it is a failure of government at several levels to not prosecute those who gave the bribes, and it is a failure of government not to push losses onto the banks who prepetrated this fraud on the people.

Secondly, it is a failure of the press. This story with the details should still be on the front page of the B'ham paper every day until the people get some justice. The press should be calling out the local, state, and federal politicians, and the local state and federal district attorneys and judges each and every ****ing day until there is justice. Those people should not be allowed to go anywhere or do anything without a constant reminder that the people want justice. Legally make their lives hell until the give in for justice.

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
Abn0rmal
Posts: 9261
Incept: 2009-01-10
Green A True American Patriot!
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Flappingeagle wrote..
This is a failure on two fronts. One, it is a failure of government at several levels to not prosecute those who gave the bribes, and it is a failure of government not to push losses onto the banks who prepetrated this fraud on the people.

Secondly, it is a failure of the press. This story with the details should still be on the front page of the B'ham paper every day until the people get some justice. The press should be calling out the local, state, and federal politicians, and the local state and federal district attorneys and judges each and every ****ing day until there is justice. Those people should not be allowed to go anywhere or do anything without a constant reminder that the people want justice. Legally make their lives hell until the give in for justice.
It's a failure of how you think government and the press should work.

Obviously the people in government and the press don't think it's a failure because they aren't doing anything to correct it.

Perhaps the actual failure is a mismatch between what you think government is versus what it actually is.
Sean
Posts: 1765
Incept: 2009-04-21

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Quote:

He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

You mean like the TSA?


And the IRS, NEA, EPA, et al!

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Quote:
When does the Revolution start?


When the sheeple are literally hungry and homeless and penny-less. Not until then.

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* I think Ann Barnhardt is more and more right. God help us!
* Progressives / Marxists / Communists are many things, STUPID and IMPATIENT are not two of them.
* A hot civil war is coming.
* And people wonder why I prep!

Tm22721
Posts: 975
Incept: 2008-01-09
Gold
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Quote:
The Fed knew the banks were rigging LIBOR and did nothing about it.

The Bank of England knew and when exposed, forced the resignation of Barclays' chairman to deflect the heat.

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The country is terminally ill and IT JUST WANTS A PILL.

The only way up is down.
Maynard
Posts: 120
Incept: 2007-11-27
Green
Charleston, SC
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Quote:
Perhaps that will add a bit of sobriety to your celebration.


I am honestly feeling more mourning than celebration.

hmmm, and thats my 100th post since 2007

Reason: crazy
Steph4liberty
Posts: 1676
Incept: 2010-10-22
Gold
Raleigh, NC
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I sat last night watching our town's fireworks display. And as I did, I imagined the soldiers and revolutionaries of yesteryear. The bombs literally bursting in air around them. Theyy were fighting for their freedom...and ours. I found myself with tears streaming down my face. I was ashamed. Ashamed that I and so many others had allowed a few to make the deaths of those revolutionaries so meaningless. That we did not protect that freedom that they gave their lives for. And for what? Dancing with the idiots? An iPhone or Xbox? A big house or a fancy car? We exchanged our freedom (and that of our future generations) for these items?? What a dreadful future we are currently leaving our children and grandchildren.

I don't know the right way to correct the awful course our nation is on, but I do know I am ready to do my part when I discover it.

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"Man will never be free until the last Banker is strangled with the entrails of the last Politician" - unknown

"This isn't a market anymore, it's a computer game." - Drench
Poer
Posts: 1382
Incept: 2008-09-28
Silver
'Eppur si muove!'
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Brilliant KD
I feel that it is inevitable when I read your writing that the time is
Coming for a repeat of the spirit of 1776.... and soon- it seems there must be enough of this in our DNA , to make it imperitive that enough will rise to live by the decree " Live Free or die" in the cause of that freedom, as it is the only things that makes life worth living in the end are these..LIFE, LIBERTY, and the PURSUIT OF HAPINESS just as It was written in 1776 it applies today as this Ticker so elequently depicts

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"The degree to which a man substitutes the judgment of others for his own, failing to look at reality directly, is the degree to which his mental processes are alienated from reality." Nathaniel Branden in Ayn Rands 'Capitalism The Unknown Ideal'

Reason: adding of the decree true today as then
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