Author Archives: R. Mitchell

Obama: Europe Just Isn’t Being Nice Enough to Muslims.. or something

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AFP is reporting that President Obama’s plan to reduce Islamic terrorism in Europe is for Europe to be nicer to the Islamic population as a whole.

Shake your head, bang your forehead on the keyboard, beat your head against a wall or just yell at the sky – your President is following in the footsteps of the appeasers of generations past.

Supposedly educated and intelligent, the American President is suggesting that Europe would have fewer Islamic attacks if they would just be nicer to them:

The US leader said the 2013 Boston marathon bombing showed that the United States was not entirely safe from Islamic militant cells, but suggested that it had had more success than others in integrating minorities.

Naive as usual, the American President ignores obvious facts. The EU is MUCH closer to Islamic nations than the U.S. and has even friendlier immigration laws. Perhaps being friendly has done the opposite of what Mr. Obama suggests.

Being nicer to enemies is something Europeans remember with disdain. Appeasing Hitler was a gigantic historical mistake that cost millions their lives. The fact that Obama is suggesting the same strategy with an even more dangerous enemy is frightening.

Snowden Docs: NSA Birthing Digital Weapons Arsenal

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edward-snowdenAccording to reporting by Spiegel, documents shared by infamous spy Edward Snowden expose the NSA’s new digital weapons arsenal.

Potential interns are also told that research into third party computers might include plans to “remotely degrade or destroy opponent computers, routers, servers and network enabled devices by attacking the hardware.” Using a program called Passionatepolka, for example, they may be asked to “remotely brick network cards.” With programs like Berserkr they would implant “persistent backdoors” and “parasitic drivers”. Using another piece of software called Barnfire, they would “erase the BIOS on a brand of servers that act as a backbone to many rival governments.”

If proven true, this proves the suspicion of most Americans that the NSA not only watches and records internet data, but has weapons and programs intended to attack.

‘American Sniper’ Breaks Records at Opening

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0703525.tiffMuch to the chagrin of Hollywood elites, a movie recognizing the accomplishments and challenges of a great rifleman and defender of our nation is breaking all sorts of movie-going records.

Clint Eastwood’s new movie, ‘American Sniper’, debuted this weekend and has already taken in over $80million, a January record and more than any of Eastwood’s movies has ever grossed in its opening weekend.

Initial audience reviews are glowing. The movie hits hard from both an action perspective and an emotional one. Clint Eastwood appears to have created a block-buster and classic all in one film.

Obama to go on Offense – with nothing to lose

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obama_accessory_to_murderPresident Obama made clear to Democrats, in a closed-door meeting, that he intends to do everything possible to obstruct the newly-elected Republican congress.

Politico reports, Obama is going shock-and-awe to stop the popularly-elected Congress:

According to several sources at the Thursday summit in Baltimore, Obama vowed to defend his agenda against Republicans in Congress, promised to stand firm against GOP efforts to dismantle his agenda and called on his Democratic colleagues to help sustain his expected vetoes. The president also was explicit over his administration’s opposition to an Iran sanctions bill, promising to veto legislation with his administration in the midst of multilateral nuclear negotiations with the Middle Eastern regime.

This President has nothing to lose. As a second-term, lame-duck and largely unpopular leader has no political capital, prestige or honor left to give up. He cannot be re-elected, no Democrat wants them on their campaign stops and every leader in Congress that supported his agenda is… no longer a leader (R.I.P Harry and Nancy.)

The difficulty the President faces is that many other re-electable Democrats don’t actually agree with him. It would seem that about 40% of Democrats support the Keystone XL Pipeline and moderate Dems are ready to bump heads with the lame-duck President:

Centrist Democrats have criticized President Obama for the time it has taken to review the project, and are trying to pass legislation to approve Keystone XL.

These Democrats are in-danger of losing their seats as their constituents face real day-to-day costs like gas and groceries. Obama’s policies have done nothing to help them and the President’s new obstructionist stance just infuriates those already tired of the inability of Washington to do much of anything.

The President of change and working together is now the President of “My way or the highway.” Then again.. hasn’t he always?

Facebook CEO Pushes Freedom of Expression While Censoring Content

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facebook-nasdaq-board-1-200Facebook CEO, Mark Zuckerberg, has made statements in support of free expression while dealing with the hypocrisy of censoring content on his own social media site.

Zuckerberg’s status update on 9 January promising “a service where you can speak freely without fear of violence” sparked a debate about Facebook’s own censorship, from breastfeeding photos to a post by Pakistani actor Hamza Ali Abbass that questioned the value of “insulting” speech.

 

Mark’s comments at a public comments event in January centered on how freedom of expression should be protected regardless of whom it might offend. Facebook’s CEO believes that a person should be able to express themselves and perhaps make a living saying and doing things that others may find offensive – like Hedbo’s cartoons.

He was asked why he had spoken out about the Charlie Hebdo attack, but not about other violent events around the world, including in Iraq and Palestine.
“It wasn’t just a terrorist attack about just trying to do some damage and make people afraid and hurt people. This was specifically about people’s freedom of expression and ability to say what they want,” said Zuckerberg.

Then again, this is the social media company that cowered from China instead of fighting for the Chinese people’s right to free expression.

Zuckerberg also prohibits businesses involved with firearms from purchasing ads on his network while allowing those that promote sex chat sites to advertise regularly. Psst, Mark, firearms ownership is protected by the same constitution that protects the speech you so readily pretend to defend.

It would appear that Mark Zuckerberg’s idea of standing for free expression ends when someone puts the tamest of controversies in front of him.

Belgian Anti-Terror Raid Leaves Two Dead

Anti-terrorism attack in Belgium

Anti-terrorism attack in BelgiumJust a week after Islamist extremists murdered several of the Hebdo staff in France, anti-terrorism forces have killed two men and injured a third in a raid in Eastern Belgium.

The raid took place in the town of Verviers which is about 120km from Brussels.

The guns used in the Hebdo massacre were believed to have been purchased at a train station in Brussels.

A source in Vervier’s mayor’s office told an AFP reporter that the raid was “Jihadist-related.”

Hebdo to Print New Issue Featuring Mohammed Cartoons

Mohammed Cartoon Hebdo

B7LgcHxIYAAforhThe first post-attack issue of the French satirical newspaper, Charlie Hebdo, will prominently feature cartoons including the Prophet Mohammed on Wednesday.

After having been brutally attacked by Muslim Fundamentalists, the paper will print three million copies of this week’s issue. Normal circulation is 60,000 copies.

In defiance of the attempt to silence free speech Hebdo’s surviving staff is releasing an 8-page issue and drastically increasing printing citing a huge increase in demand from inside France and abroad.

Hebdo’s home facility is still declared a crime scene forcing the staff to work from offered facilities and equipment from other French papers.

The issue’s front page is expected to feature a caricature of Mohammed holding a “Je Suis Charlie” sign and headlined by the phrase “All is Forgiven.”

Dollar Strength Set to Continue

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alg-american-flag-money-jpgThe U.S. Dollar has been on a huge upside run for months, and depending on Friday’s jobs numbers, may continue to dominate the currency market.

Chinese PPI (Producer Price Index) grew at only 3.3% indicating a cooling in the Asian economy.

Chinese property developer Kaisa Group Holdings has defaulted on $52 Million dollars in U.S. Dollar denominated debt and indicated that they may not be able to pay on additional debt.

A singular default would not normally be newsworthy – except that NO Chinese company has EVER defaulted on a U.S.D. denominated loan.

Friday morning we see if the U.S. economy is continuing to create jobs or takes a step back.

If the jobs number comes in above 250,000, the dollar surge will continue as more investors flee Asian, European and new economy currencies for the security of the U.S. Dollar.

If the BLS numbers come in less than a quarter million, expect the dollar surge to slow as investors will cease to see the United States as a safe haven in a global slowdown.

 

Sen. Boxer to Call it Quits as Senate Goes Republican

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800px-Barbara_Boxer_2005Famed anti-gun and far-left extreme Senator Barbara Boxer (D-CA) has decided that this term in the Senate will be her last.

In an interview with Hillary Clinton’s nephew, Zachary Rodham, Sen. Boxer says, “Zach, I am never going to retire. The work is too important. But I will not be running for the Senate in 2016,” Boxer said. “I have to make sure the Senate seat stays progressive. That is so critical. And I want to help our Democratic candidate for president make history.”

After decades of illogical attacks on the second amendment, Sen. Boxer is out of Congress, but intends to continue her relentless progressive attacks on the freedom and security of Americans.

Russian Currency Collapses Overnight

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Russian ruble valueThe Russian Ruble has taken a turn for the worst as an overnight move by the Russian central bank increased mistrust of the entity and the buying power of the Russian currency. America may feel the pinch before long.

At 1:00am in Moscow, the Russian Central Bank increased interest rates from 10.5% to 17% – a 650 basis point move in moments. That move sent the Ruble into free-fall.

Upon the banking move, the currency went from about $58 dollars per ruble to a low of $79.66 per Ruble.

The Ruble has been steadily declining in value since late summer due to the crude oil glut and ensuing price decreases engineered by OPEC.

Russia is not a heavy manufacturing or intellectual property production nation. It’s gross domestic product comes almost entirely from commodities – oil and precious metals making up a huge part.


As oil declines, so does the ability of the Russian economy to grow. For each $10 drop in the price of crude, Russia loses approximately .8% of GDP. The price of oil has dropped from a high of about $110 to a current value of about $56 which could equate to an almost 5% loss of GDP.

Adding to headwinds, Vladimir Putin’s incursions into Ukraine have brought on international sanctions that make it nearly impossible for Russian businesses to roll-over their Euro and Dollar-denominated debt which could cause a huge number of defaults over the next 12-18 months.

The effects on the American economy may be soon to follow.

Russian oil drillers earn dollars for the oil exports, but spend locally in the Russian currency. That hedges their production budgets against falling crude prices. Unlike America, where producers earn and pay in the same currency.

Because of the currency move, it could be advantageous for Russia to increase production to enhance revenues and tax receipts. This would increase the supply of cheap oil and push crude prices below $45. American shale oil producers will feel the brunt of cheap oil.

Can the United States Really Ever Pay Off Its Debt

Can the US Pay its debt

They could default on their creditors (other governments like China who loaned money to the US government). But this would spark a global financial and banking crisis.

 

They could default on the Federal Reserve, which owns trillions of dollars of US debt. But this would create an epic currency crisis for the US dollar.

 

They could also default on their obligations to their citizens—primarily to future beneficiaries of Social Security (who collectively own trillions of dollars of US debt).

 

Or they could choose to default on their obligations to every human being alive who holds US dollars… and engineer rampant inflation.

None of these is a good option. And simply put, the US government has reached a point of no return.

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