Many are saying that the United States should bail out European economies. The rationale is self-interest. “If European economies go under, then the U.S. will go with them.” If the U.S. was not making the same kind of mistakes that European economies have been making,...
WORLD
The essence of capitalism’s foreign policy is free trade–i.e., the abolition of trade barriers, of protective tariffs, of special privileges–the opening of the world’s trade routes to free international exchange and competition among the private citizens of all countries dealing directly with one another. – AYN RAND
Germany Faces Political Isolation
One month ago it appeared that Germany held the whip hand in its titanic struggle against those seeking to cure all economic ills with the snake oil of currency debasement. Now, it appears that the ground beneath its feet is being swept away in a flood of popular...
Now France Has a Socialist President Too
France now has something in common with the United States: A Socialist President. Welcome to the club, France! Not that this represents a big change. The last president of France was nothing more than a corrupt guardian of that country’s massive entitlement and...
Germany’s Mixed Signals
Last week’s media headlines focused on how the election results in France and Greece reflected a wave of rising public resistance across Europe to the austerity programs being championed by Germany, the IMF, and the EU. Less notice has been given to...
Sarkozy Trade: France May Be Losing Its Head…Europe Soon To Follow?
According to the European Central Bank, the Italian banking industry now holds more government debt than the banks of any of the major European economies: nearly €324 billions worth of shaky bonds. The Spanish banking sector is also heavily overweight in government...
Austerity Fires Voter Vengeance Against Euro
Though there can be little doubt the euro would survive without the Greeks or the Spanish, there is greater doubt of the euro surviving without the Germans solidly behind it. As the world’s second largest reserve currency, the collapse of the euro would precipitate a major international monetary crisis.
BRICS Summit: Brazil, Russia, India, China, and South Africa
Last week, the leaders of Brazil, Russia, India, China, and South Africa met in New Delhi for their fourth annual “BRICS” summit. The meeting brought together five countries that together represent 43 percent of the world’s population and 18 percent...
Obama and Iran: Making Peace With Bullies Never Ends Well
Associated Press reports: “Iran’s powerful Revolutionary Guard began military exercises Saturday in the country’s south, the latest show of force after threats to close the strategic Strait of Hormuz in retaliation for tougher Western sanctions. The...
A Well-Bred Doormat: The United States of America?
Former U.S. ambassador to the United Nations John Bolton, referring to Barack Obama and his foreign/defense policy: “He’s not only the most radical President in history domestically; he is the first President, Republican or Democrat, at least since...
Why Iran Should Not Have Nuclear Weapons
Q: For those of us who don’t understand the issue, can you explain why you believe that Iran is so dangerous and why we must prevent them from obtaining a nuclear weapon? A: I’ll give you not one reason, but many reasons. Iran has been the # 1 government...
Iran Policy: "I'll Think About That Tomorrow"
Associated Press reports: Military action against Iran could have unintended consequences, Defense Secretary Leon Panetta said, sounding the administration’s strongest reservations about a strike since the release of a new report on Tehran’s escalating...
China's Warning: Trouble Ahead
In the movie “Titanic” — and most likely during the real-life event, as well — a top aide to the ship’s Captain spotted trouble ahead and shouted, “Iceberg!” The warning, as we all know, was not heeded in time. Consider this...
Why Obama and People Like Him Hate Israel
Associated Press reports that Israeli Prime Minister Benjamin Netanyahu sat alongside President Barack Obama on Friday and declared that Israel would not withdraw to 1967 borders to help make way for an adjacent Palestinian state. Obama had called on Israel to be...
Murdering Americans for Allah in Europe: Germany's Jihad Murders Point Up the West's Denial
A Kosovar Albanian Muslim, Arid Uka, murdered two American airmen outside the Frankfurt Airport in Germany last Wednesday. “I did it for Allah,” he explained. Like so many jihad attacks these days, this one was initially dismissed as having nothing...
Reflections on the Disaster in Japan
Someone wrote and asked me the following: ”I’ve been thinking about the following. Is it acceptable to sacrifice one man to save 100,000 or any large arbitrary number? I know this question has shown up in many stories and films and I am sure philosophy...
Freedom or Islamism in Egypt?
Make no mistake, should Egypt fall to the Islamists, this will be the most embarrassing failure of American foreign policy since the collapse of the Shah’s government in Iran.
Sweden: Suicide Bomb Against Free Speech
It was only a matter of time before jihad suicide bombers started operating in Europe. And now they have begun – in yet another salvo in the war against the freedom of speech that the West has barely noticed. “Now the Islamic state has been created. We now...
Sweden: Suicide Bomb Against Free Speech
It was only a matter of time before jihad suicide bombers started operating in Europe. And now they have begun – in yet another salvo in the war against the freedom of speech that the West has barely noticed. “Now the Islamic state has been created. We now...
Iran Gets One Step Closer to the Bomb
Doing nothing is no different than doing something; you’re just allowing someone else to pursue an end. What the United States is inevitably going to endure are the consequences of inaction. According to FoxNews.com, Dr. Ali Akbar Salehi, the head of the Atomic...
The Bloody Outcome of Aquino's Appeasement
I wrote an article in Capitalism Magazine on November 20, 2010 on the chosen course of appeasement that the Philippine president Noynoy Aquino has chosen. As of that writing Pres. Aquino has consistently upped the appeasement, and as such, the results are horrors that...
Philippines: First Step, Lower Taxes
There are a lot of developing countries in the world who are looking for an answer to their woes, our country being one of them. The biggest question out there is “How do we become a 1st world country?” A great first step for us would be; lower taxes. Lower it as much...
Castro and Obama
At least for a few moments last week, we had the strange spectacle of President Obama sounding more like a collectivist than Fidel Castro. With the federal payroll in the United States up by 200,000 positions and the private sector down by 7.8 million jobs since the...
Iran's Nuclear Program: What Is Known and Unknown
Iran’s hard-line President Mahmoud Ahmadinejad celebrated the anniversary of Iran’s 1979 revolution on February 11 by proclaiming that Iran is a “nuclear state.”[1] Iran’s radical Shia Islamist regime clearly sees its nuclear program as a...
Excused Horrors: Not Nazi, But Stalinist and Maoist
Between 1917 and 1983, Stalin and his successors murdered, or were otherwise responsible for the deaths of, 62 million of their own people. Between 1949 and 1987, Mao Tsetung and his successors were responsible for the deaths of 76 million Chinese.
Imagine If Obama Said This About Iran….
Thirty years after the hostage crisis, Iranians are bravely challenging their government. Despite the theocracys attempt to crush these protests, Iranians have once again taken to the streets. Imagine what might happenthe potential benefit to us and to Iranif instead...
Jewish Settlements and Israeli Law
We are hearing a lot now about Israel’s creation of “Jewish” settlements on “Palestinian land.” These settlements are created, we are often told, to extend the “apartheid state” of Israel by squeezing out the local populations...
What Obama Should Say To Iran
Protests in Iran continue despite the theocracy’s attempt to crush them. As Tehran launches its usual accusations of “American interference,” could it be that America hasn’t “interfered” enough? Imagine what might happen–what...
Billion Euro Antitrust Fine Against Intel
The European antitrust regulator has announced last month that it will fine Intel Corporation $1.44 billion (1.06 billion euros) because it “harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer...
Thug Worship in Iran and in America
Looters took over downtown Los Angeles the other night following a professional basketball victory. A news radio reporter and several policemen were attacked, stores were looted, and, as far as I can tell, police stood down and allowed the looters to do the damage....
Race Talk for “African-Americans”
What to call black people has to be confusing to white people. Having been around for 73 years, I have been through a number of names. Among the polite ones are: colored, Negro, Afro-American, black, and now African-American. Among those names, African-American is...
“Empathy” Versus Law: Supreme Court Nominations and the Judicial Expansion of Federal Powers
While President Barack Obama has, in one sense, tipped his hand by saying that he wants judges with “empathy” for certain groups, he has in a more fundamental sense concealed the real goal — getting judges who will ratify an ever-expanding scope of...
Iran Has ICBM Power
Iran marked the 30th anniversary of the Islamic Revolution with a successful launch of its first indigenous satellite on Feb. 2. The Omid — “Hope” in Farsi — satellite was launched via the Iranian-produced satellite carrier Safir-2 —...
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