DANIEL GREENFIELD: WEEKLY ROUND UP PART TWO
A GENERAL MALINVESTMENT
If that is too technical, let me simplify. Money represents work. A dollar in the hand is worth more than a dollar to you tomorrow, and the difference between a dollar in the hand and a hypothetical dollar tomorrow is interest. When people have a lot of money to lend and spend, the law of supply and demand drives the interest rate, the price of money, down. When the people have little money to lend and spend, the interest rate goes up.
When the state interferes with the credit cycle, it creates a low interest rate by fiat. This is like the state commanding you to sell some good or service at a rate or wage lower than it is naturally worth. Business can borrow money from the bank, which is where are the workingmen store their money, to start a business or erect a factory, hire men, make widgets. When it comes time to find customers, however, it turns out there that is not a lot of money to lend and spend after all. The businessman was given a false signal: the red light of the economy was made to flash green, telling him it was safe to go.
Well, not just one or two unwise businessmen are affected by this state-mandated traffic wreck, all businesses that borrow money or sell goods. The whole economy is affected. It is fashionable to blame greedy businessmen, but a moment’s reflection should show that the businessmen are just as greedy before and after a bust, and that if it were caused by unwise investment, the industries where the investment was more cautious would not be effected. No, scientifically speaking, the cause must be proportional to the effect. Only the government has the ability to create malinvestments across all sectors of the economy at once.
GOOD NEWS FROM IRAQ
In spite of our promises to the Awakening Movement, the Sunni tribesmen who fought al Qaeda with us, Iraq’s Sunnis have been marginalized and treated as secodn class citizens by the newly ascendent Shi’ites, who are in th eprocess of turning Iraq into an Iranian Shi’ite satellite.
The last election, which was essentially stolen by Maliki and the Shi’ite bloc with the aid of Iranian proxy Moqtada al-Sadr, Sunnis in the military and police have largely been disarmed and dismissed from service, and the Sunni Vice President of Iraq, th ehighestr ranking Sunni in Iraq has fled the country and is under a death sentence by the Maliki regime on trumped up charges
Al-Qaeda’s resurgence in Iraq is no accident. They are gearing up for a renewed civil war.
But don’t worry, according to Obama we left behind a stable Iraq, Afghanistan and Libya.
GOOD NEWS FROM IRAN
The Obama administration has done everything they can do to keep the pressure on Israel by not supporting the green movement in Iran and not stopping the carnage in Syria. Why?
Both Iran and Syria, along with their stooges, the Palestinian authority, Hezbollah and Hamas, are the pressure points on Israel. This pressure that Mr. Obama needs to force the creation of the Palestinian State during his watch as US President. Mr. Obama has done everything to make Israel feel that they are on the defense, as anyone with a brain knows they have been since May 15th, 1948 to this very day.
…from an article at Right Truth by CBPO Jon A. Underwood, CBP, (Ret.)
ASSORTED TREATS
Bosch Fawstin gets down to the Islamic bottom line
“Liberals fought us by taking over our media. We fought back by watching their programs. Liberals fought us by taking over our schools. We fought back by sending them our children….”
My article Muslim Multiculturalism and Western Post-Nationalism has been nominated by the Watcher’s Council.
A review of Bruce Bawer’s new book on Victimology.
Free ObamaPhones are a human right.
Pride and Prejudice in Saudi Arabia.
“When a girl reaches 30 in Saudi Arabia, she is automatically considered a spinster and that is when she accepts marrying a man that would only give her part of his time rather than not marry at all.”
According to Anzi, polygamy not only solves the problem of spinsterhood, but also curb sexual relations outside the institution of marriage.
They just expand the institution of marriage until it’s the size of an actual institution.
And finally a history note from Phyllis Chesler.
Thousands of years ago, the first Jewish King, Saul, choose to fall on his sword rather than be captured alive by his enemies, the “Plishtim.” They be-headed his corpse and hung his body (and head) on the city wall of Bet Shean for all to see. Valiant soldiers from Jabesh-Gilead risked death in order to retrieve his corpse which they then burned—after which they buried King Saul’s bones under a tamarisk tree and mourned for him for seven days.
One commentator says that although cremation was and is not a Jewish custom, nevertheless, “the (decomposed) flesh had to be burnt as it was considered an affront to the dead to bury them in that state.” Another source suggests that Kings and their possessions were to be burned.
In my view, the valiant men of Jabesh-Gilead burned his corpse because they did not want the Plishtim to dig it up and display it again or to mutilate King Saul’s corpse any further.
Nothing has changed in the region. Barbarism still reigns. Israel is an island under siege.
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