Monthly Archives: March 2015
Tuesday Night Radio: Constitution of States; Anti-Israel Fever; Florida Red-Light Cameras; Army Apologies; more.
George W. Bush is interviewed about the Boston Bombing and 9/11. His response is kinda hilarious. He starts to bumbles right into the subject, and then tries to figure out how to gracefully retreat.
Laura Bush doesn’t say anything, but there’s a moment starting around 30 seconds into the video where she narrows her eyes, looks at GW and seems to ask, “How, in God’s name, did I ever manage to marry this moron?”
Since A.D. 2009, I’ve published 25 articles on the fraud that appeared to infect most home foreclosures (see, Foreclosure). This will be the 26th.
Most of those articles focused on reports that the banks making mortgage loans had defrauded the borrowers. The fraud worked like this:
1) The banks seemingly loaned money to people to buy new homes.
2) These loans were based on the home-buyers’ signatures on Promissory Notes and Mortgage documents that memorialized the home-buyers’ promise to a) repay the loans; and b) surrender possession of the house if they defaulted on repaying the loans. These written documents created the banks’ rights foreclose on the home-buyer and seize his home if he defaulted on making his loan payments.
Tuesday Night Radio: Digital Banking Flash Crashes; Police State Shoots People; Thomas Jefferson quotes; more.
American Independence Hour hosted by Alfred Adask; 8:00 PM to 10:00 PM Central time, Tuesday nights, on AmericanVoiceRadio.com and also on the KU band, free-to-air satellite link at Galaxy 19. There’ll be call-ins at 1-855-566-3738.
The New York Times recently reported in “Hostility From U.S. as China Lures Allies to New Bank” that,
“ When Xi Jinping, then the newly minted Chinese leader, first broached the idea of a new Asian development bank in a public speech in 2013, few in Washington paid it much heed.
“But as Beijing systematically recruited longtime American allies to help fund and oversee the new bank, it became clear that the push was more than a public relations gesture to China’s Asian neighbors. It was also a direct threat to the post-World War II financial institutions led primarily by the United States, and to President Obama’s pledges to make a “pivot” to Asia in American foreign policy.
“Now with Britain, France, Germany and Italy signing up to join the new bank, despite direct pleas from Washington to steer clear, the question is whether the Obama administration mishandled a significant challenge from China, and what it might have done differently.”
No, that’s not “the question”.
“The questions” are:
Salvador Dali (1904-1989) was one of the world’s premier surrealist artists. During his peak popularity he enjoyed a peculiar privilege: Whenever he wrote a check, he embellished the check with so many distinctive flourishes and artwork, that many people refused to cash his checks.
Why? Because they believed his check (an intrinsically worthless piece of paper) was—as a work of art signed by the Dali—worth more than the face value of the check.
Result? Dali frequently didn’t have to actually pay for many of the goods and services he purchased by check with a deduction from his bank account. Dali could buy dinner or a new pair of tools and discharge his debt with nothing more than a few doodles.
Dali was essentially printing his own fiat currency (an intrinsically worthless piece of paper just like a US fiat dollar). His celebrity allowed him to use that “currency” to discharge his debts without redeeming that currency at Dali’s bank.
In that regard, Dali was able to emulate the US government’s ability to issue fiat dollars (the World Reserve Currency) and never have to actually redeem the fiat dollar.
I.e, whoever prints the world reserve currency doesn’t have to actually pay his bills. At least not for a couple of generations.