Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Germany

Barack Obama, Bassem Masri, and the Impending Ferguson Riots

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, November 19, 2014:

In a remarkable revelation, J.E. Dyer, writing for Liberty Unyielding, posted Bassem Masri’s tweets showing not only his invitation to participate in a Justice Department meeting over the tinder box of Ferguson, Missouri, but also its support of the impending firestorm there that will follow the grand jury’s decision.

On November 6, Masri tweeted:

Department of Justice called me yesterday invited me2a meeting today at 6pm on Police Reform want2 hear my ideas….

Later that same day Masri added:

DOJ has appointed a few of us2reform the police in the entire region that should resonate nationwide thats the director intentions….

And then he added the damning comment:

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Tax Avoiders Performing a Public Service

This article first appeared at The McAlvany Intelligence Advisor on Monday, November 3, 2014: 

English: Judge Learned Hand, circa 1910. Franç...

Judge Learned Hand, circa 1910.

In his letter to the Washington Post on Saturday, libertarian economist Donald Boudreaux unwittingly exposed the logical fallacy behind the OECD’s (Organization for Economic Co-operation and Development) new “tax evasion” treaty: they really think they can help the little taxpayer by increasing the collection of taxes on the evaders. Wrote Boudreaux:

Consider the U.S.: in 31 of the 67 post-war years from 1946 to 2013, Uncle Sam’s budget deficit rose … when his tax receipts increased.

This fact means that Uncle Sam almost as often as not responds to each dollar of additional tax revenue by increasing his spending by more than a dollar – thus imposing a heavier tax burden on future taxpayers.

In other words, tax avoiders (not evaders) are performing a public service by doing what they can to reduce government revenues which constrain government spending.

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Why Aren’t Gas Prices Lower?

This article first appeared at TheNewAmerican.com on Friday, August 29, 2014:

 

English: Took image myself as an example of th...

With gasoline prices averaging, according to the AAA Motor Club, just $3.43 a gallon as of August 28, Clifford Krauss celebrated the “new American oil bonanza” in an article for the New York Times. Unfortunately, Krause is behind the times and only half right. The “new” American oil bonanza is not new, nor is it confined to oil. The first economical natural gas shale fracture was completed in 1998 by George Mitchell’s company, Mitchell Energy, using slick water fracturing. Since then, natural gas from shale has been the fastest growing contributor to total primary energy in the United States, with crude oil extraction from shale right behind.

Happily, Krause got the rest of it right when he noted that

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NATO head claims Russia is Funding anti-Fracking Movement

Cover of "Comrade J: The Untold Secrets o...

When the head of NATO announced on Thursday that Russia is engaged in promoting the anti-fracking agenda to protect its interests, anti-fracking groups asked what he had been smoking.

Speaking at the British counterpart of the American Council on Foreign Relations, Chatham House (otherwise known as the Royal Institute for International Affairs), Anders Fogh Rasmussen, Secretary-General of the North American Treaty Organization (NATO), said: 

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IMF’s Toolkit Inadequate for Next Housing Bubble, Official Admits

 

Bubbles.

This article was first published at The McAlvany Intelligence Advisor on Monday, June 16, 2014:

Last month, the Financial Times saw what’s coming: Housing prices rose last year at the fastest rate since 1995, setting the stage for the next global bust. Eleven countries they were watching had year-over-year rises in double digits, adding:

Even Germany, known for its stable housing market, is prompting concern, with the Bundesbank warning that valuations are as much as 25 percent too high in [some] big cities.

It admitted great concern that regulators won’t be able to do anything about it, either, just like last time:

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Euroskepticism is Growing, Threatening the European Union

Viviane Reding, the vice president of the European Commission, has made abundantly clear that her vision is to create and enforce a United States of Europe, and the upcoming election of 751 delegates to the European Parliament in May is just the time to accomplish the task. Said Reding:

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The Rise of “Saudi America”

This article first appeared at The McAlvany Intelligence Advisor on Friday, December 6th, 2013:

 

Back in early February Citigroup apologized for missing the huge explosion of oil and natural gas occurring in Texas, North Dakota, and elsewhere. Its report, entitled “Energy 2020: Independence Day” began:

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The Implosion of the Social Security Disability Ponzi Scheme Accelerates

Fresh data just released by the trustees of the Social Security Administration show that the number of people receiving benefits from the Disability Insurance Trust Fund has exploded over the last five years, reducing the surplus in that fund from $216 billion in 2008 to just over $100 billion in 2013. There were 7.4 million recipients in January 2009, but as of October 2013, there are nearly 9 million beneficiaries, not including

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List of Indignities Foisted on Americans by Obama during Shutdown continues to Grow

What was missing from nearly all the media coverage of the “immigration rally” on Tuesday on the National Mall was any mention of how the rally came to be held there in the first place. The National Mall is closed for the duration of the so-called government shutdown and yet

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Thanks to America’s Fracking Boom and Skilled Labor Force, Re-shoring of Jobs is Accelerating

More than half of 200 US companies with sales greater than $1 billion are moving jobs back to the US, or are planning to, within the next two years. The announcement by Boston Consulting Group (BCG) on Tuesday confirms a subterranean paradigm shift that’s been underway for at least

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The German “Model” is broken

This was the theme of a long article I wrote which was published by The New American magazine back in April: The Modern German Economic Model is a Myth. In it I made the point that Germany, all by itself, couldn’t keep the EU economy going for very much longer. Here was my conclusion:

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NSA disclosures recall days of the East German STASI

When Wolfgang Schmidt learned about NSA leaker Edward Snowden’s revelations concerning its ability to collect personal data on millions of American citizens, he was astonished. As a lieutenant colonel in East Germany’s secret police, the STASI, his department was limited to tapping just 40 phones every day. If a decision was made to tap a new phone, one of the others had to be disconnected. Said Schmidt:

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New Revelations about NSA Spying Abroad Enrage European Officials

Saturday’s revelations by the German newspaper Der Spiegel that the US placed bugs in European Union officials’ offices in New York and Washington and hacked into EU headquarters in Brussels have ignited a firestorm of indignation among German and European officials. Coming on the heels of the FISA court’s ruling in April that Verizon must turn over telephone records to the National Security Agency and Edward Snowden’s exposure in June of PRISM that has been vacuuming up American citizens’ internet communications for years, expressions of outrage were heard from German and European Union politicians.

Martin Schulz, head of the European Parliament, said:

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Many Positives Coming from the Unfolding NSA Leaker Story

This article was first posted at  the McAlvany Intelligence Adviser:

 

Hardly a sentient soul on planet Earth doesn’t know who Edward Snowden is, but few of them know of the ramifications and positives that are already coming as a result of his leak about NSA spying on Americans’ emails, voicemails, and IMs.

Because of his top-secret clearance across a broad spectrum of surveillance programs developed by the National Security Agency and the Central Intelligence Agency, Snowden had a rare opportunity to view the threats to privacy these agencies and their enablers have created. So he decided to do something about it:

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Pro-Euro German Finance Minister Now Having Second Thoughts?

This, at least, is the gist of the headline from the AP: “German who helped start euro now calls for its end.” The AP article that backed it up was just four paragraphs long and led me to think: this guy has awakened to reality! He’s been converted to free market principles! Hallelujah!

Even Ambrose Evans-Pritchard, the conservative writer for the liberal Telegraph, seemed to buy the line, saying

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More on Ponzi schemes like Social Security

I haven’t seen much lately about Ponzi schemes, much less about how Social Security is a Ponzi scheme “with a gun”. I first became aware of the nature of Social Security when I got into the life insurance business and was able to discern the difference between insurance, and Social Security which

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Gold, Germany and the worldwide recession

It’s unnerving and yet comforting when a worthy such as Bill Bonner agrees with me. What’s more likely is we’re both singing off the same sheet of music. In Monday’s newsletter Bonner titled his entry “The Recovery That Never Happened,” and I agree. Whatever green shoots (remember green shoots, the ever hoped-for, greatly anticipated but never sustained recovery from the Great Recession?) appeared have withered away, leaving the US, Germany and the world with

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Today is Tax Freedom Day, Except…

According to the Tax Foundation, “tax freedom day” – the day when the nation as a whole has earned enough money to pay all of its taxes for the year – arrived five days later this year than last year: Thursday, April 18th. The math is simple:

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The Modern German Economic Model is a Myth

Dessau, a small and steadily shrinking town in the German state of Saxony-Anhalt in what used to be East Germany, is doing the best it can. Ten years after the fall of the Berlin Wall the anticipated “miracle” enjoyed by West Germany following World War II failed to materialize for Dessau and so it is in the process of

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Europe is going into Depression

William L. Watts is a writer for MarketWatch, a division of The Wall Street Journal that posts a robust and highly informative website for avid readers of the economic tea leaves (like me). What’s interesting is that I can’t find out anything about Mr. Watts:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2021 Bob Adelmann