California & China - Both Think They Are Taking Care Of Themselves

Although many electrifying Senate Tea Party candidates such as Ron Johnson (WI), Mike Lee (UT), Marco Rubio (FL), Rand Paul (KY), & Pat Toomey (PA) won on November 2 there are still many areas of America such as California that may be hopelessly lost for the rest of our lifetimes. California is illustrative of a place where BO can say "my work here is finished" as indicated in the above photo.

California will never vote anything but Democrat again after this last election as the principles of Death Of Democracy continue to strangle their citizenry who just don't know better. The most powerful election principle in America is not the Independents swinging mindlessly back & forth between the two major parties but rather it is the principles of Death of Democracy as people become accustomed to receiving relief & welfare checks & becoming ever more dependent on government & accordingly voting Democrat from that point on - for instance there are currently 42 million people receiving food stamps up by over 13 million people in the past two years. Who do you think these people will vote for when they are organized in future elections? Think this is not per BO's design?

California elected a decades long state-wide politician in Jerry Brown as Governor & reelected Barbara Boxer to her fourth term to the Senate despite California's budget deficit reaching $42 billion, 1.4 million productive people out-migrating from California during the last 10 years, unemployment being the 4th highest in the country, having the worst credit rating falling below Louisiana's, having the second highest foreclosure rate, & having the governor threaten to furlough over 20,000 state employees. California has the highest rates for both state sales tax & income tax in the nation & yet they vote for more of the same.

Now not just California but the entire country's finances are in terrible shape & we can't blame the Chinese who are merely taking care of themselves - something you would think you could take for granted we would be doing for ourselves. China now holds over $880 billion in treasury securities & Japan is right behind with $865 billion.

The People's Bank of China (PBOC) intervenes in currency markets to peg the value of the yuan to the dollar. As dollars flood into China buying their exports the PBOC holds onto the dollars & buys treasuries rather than taking the dollars & buying the domestic yuan which would make the yuan appreciate. China has accumulated a massive $2.6 trillion stock of U.S. dollar assets which is larger than the dollar assets on the the Federal Reserve's balance sheet of treasuries & mortgage backed securities.

Now I say you can't blame China but you sure can wonder what the Fed is doing planning to buy $600 billion of long term treasuries between now & June 2011. The idea is to lower long term interest rates via the increased demand of these purchases but this theory forgets that the $600 billion will tend to increase inflation (@ least expectations) thereby raising interest rates. Alan Reynolds writes about the "contradictory objective of higher inflation & lower bond yields" when he says "the whole notion of simultaneously raising inflation & lowering bond yields presumes bond buyers are docile fools...Why would domestic investors accept a lower yield on bonds if they expect higher inflation."

You can sum this up by watching this link of a Chinese professor speaking in Mandarin Chinese (with English subtitles) in this 1 minute video to see who is laughing last & best.

TSA Procedures Designed To Protect Airplanes Not People In Airports

Many of us may have had personal experience in the airports over the Thanksgiving holiday weekend with the Transportation Security Agency's (TSA) full body scan procedures or aggressive pat-downs either first hand (pun intended) or by friends or relatives who visited. The polls indicate that frequent flyers object more to these new procedures than less frequent flyers or non-flyers. Alert lovers of liberty will immediately recognize that this intrusion into our way of life is just one more liberty taken away or given up regardless of how often you personally fly so please be aware of what the real issue is. One woman told me "I just won't fly any more" as if that is an answer instead of a total capitulation. How pathetic a solution.

The choice is presented to us as one of safety or of liberty & of course this is totally misleading because the real question to ask is why are We The People putting up with these airport intrusions if we are the mightiest nation on earth. To say we prefer safety thereby giving up liberty marks us as cowards while if we say we prefer liberty in the face of imminent danger marks us as lunatics.

The libertarian approach is to eradicate the people causing the problem so that every law abiding person within America's borders can go about their lives freely as they see fit without having to make such a fools' choice. Many of you picked up on this point in a recent posting - "Our forefathers warned us of America's enemies - both foreign & domestic. America can't eradicate these enemies soon enough to suit me whenever & wherever we find them."

The current TSA procedures are designed to protect airplanes not people in airports who could be blown to smithereens before they get to the scanning stations. The government is fighting the last war whether it is shoes, liquids, or underwear. What happens if al Qaeda's fascination turns from airplanes to trains or buses - do we check every passenger before boarding there also? TSA has hinted they are prepared to do this - are we? What about Little League games let alone stadiums filled with a hundred thousand people - will the lady who is prepared to give up flying also be ready to never see her grandson play Little League baseball again if bombs start exploding @ games across America? Does she ever stop capitulating? Do the rest of us?

Now my eradication position comes with precedence. For instance Libya's Colonel Gaddafi, the longest serving of all current non-royal national leaders, voluntarily surrendered his weapons when he took America seriously after seeing our might on the Persian Gulf before the invasion of Iraq. When you grovel between the coward's choice of temporary safety & the lunatic's choice of essential liberty in the face of almost certain death you are about to get neither safety or liberty to paraphrase Dr. Franklin & you certainly will not get the same result we obtained with Colonel Gaddafi.

This condition & type of choice is what happens when you don't fight or wage war to win against an enemy who despises us & is trying his hardest to end our way of life - our military personnel are in harm's way instructed by the government to fight blindfolded with one hand behind them - a complete & tremendous disservice to them that has now spilled over to the rest of us in the airports.

But we should be heartened by this video of Congressman-elect Lt. Col Allen West speaking on the above subject exactly in line with my earlier point about eradication of our enemies. Please check the ReturnToExcellence.net posting of December 13, 2009 for the first posting on the blog featuring Lt. Col West - he is one who will stand up & work with us to return America to the excellence of our founding principles thereby ensuring the unconstitutional treatment in airports of innocent people is soon ended.

A Thanksgiving Present From The Morristown Tea Party President

Thanks to our marvelous Morristown Tea Party President Richard Luzzi for sending us the link for this slide show on screen heroes - it is a real Thanksgiving present.  Please enjoy the TV Guide memories @ the beginning of the slide show but the real emphasis should be placed on the difference between the Hollywood "stars" of today to those when we were growing up.  In fact Audie Murphy was a war hero & recipient of the Medal of Honor before I watched him as a movie star with my friends as a young boy on Saturday afternoons in the Alpha Theatre in Catonsville Maryland.