Global Toad News

According to this article, police in America (actually the Chicago area) have taken to stopping entire TRAINLOADS of people on their way to work, and searching them for “contraband”.  The police were armed with rifles and the passengers had to “keep their hands up” according to some other reports.

It’s bad enough that people get searched riding planes, but at least you give implicit consent to, and are warned about that search.  Now it appears that there is the presumption in AMERICA that you have consented to be searched if you use public transportation.

Of course, since these were people in Illinois, there will be no outcry, because people in Illinois are stupid and love their corrupt government.

[Update: It appears that this action was justified because a Secret Service agent told someone he had a gun]

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Disinter has an article about how Red Light Cameras increase accidents.  I can say that I have seen red light cameras that flash their bright lights even when the lights are supposed to let people go.  Nothing like having a bright light flash in your eyes as you are driving at night to “prevent” accidents.

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It seems that there has been a lot of talk about Obama‘s birth certificate, and what it might or might not show.  However according to Natural Born Citizen the Supreme Court has previously said:

” ‘At common law, with the nomenclature of which the framers of the constitution were familiar, it was never doubted that all children born in a country, of parents who were its citizens, became themselves, upon their birth, citizens also. These were natives or natural-born citizens, as distinguished from aliens or foreigners. Some authorities go further, and include as citizens children born within the jurisdiction, without reference to the citizenship of their parents. As to this class there have been doubts, but never as to the first. For the purposes of this case, it is not necessary to solve these doubts. It is sufficient, for everything we have now to consider, that all children, born of citizen parents within the jurisdiction, are themselves citizens.’ Minor v. Happersett (1874) 21 Wall. 162, 166-168.”

As far as I can see, Barack Obama has admitted that he was a British subject by birth, so he could not be a natural born citizen.  Unfortunately it appears that most people don’t care about the constitution in America.  According to one website, a constitutional convention is mandated by law, but even that is being ignored, though some groups are trying to hold a “pseudo” Continental Congress.

Here’s my opinion, America is run by people behind the scenes, much as Dr. Henry Makow alleges in a recent essay.  While the particulars might be hazy, it should be clear that the “will of the people” is an irrelevant issue to how the country is being  run.

An example that is related to Obama is the way that Patrick Fitzgerald managed to remove the power of a sitting governor to do his job, when it is unclear what, if any, FEDERAL laws were broken.  If a state wanted to auction off the senate seat, that would still be a state issue in my opinion.  There is now the situation where the Democrats in congress are usurping the constitutional authority of a governor to do his job.  It’s not that I think Blagojevich is innocent, in fact I think he is just as corrupt as any politician in Illinois.  I think Blagojevich was a bookie (as ABC news has reported),  and that Patrick Fizgerald blew the case against Blagoevich (as the Wall Street Journal alleges) because certain parties wanted to protect Obama and diffuse all these challenges to Obama’s eligibility to become president.

The question is, what will happen if it turns out that Obama is not legally able to be president? I think that the judges will maintain the status quo, regardless of the law, and we will be stuck with the fraud that has be put upon us.

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While there are many people complaining about how Chrysler is spending the money that they got from the government, I think that this person has the right idea, go and get your money back in the form of the $50 gift card that Dodge dealers will give you if you follow the information on the Supercharge Your Money web page.  What people don’t seem to realize is that $100,000 for a newspaper ad is actually much less than what a 30 second commercial will cost to make and air.

It’s not that I like the idea of the government giving away money to companies that fail in the market place, but the fact is that the amount of money being given away to the auto industry is a drop in the bucket to the funds that are being given away to the banks.

The reality is that the whole banking system is a gigantic Ponzi scheme.  It’s just a rush to see who is going to be holding the bag when the music stops, because it seems to me that the current course is one that will bankrupt the nation.

Sure, at some point the banks are going to be lending money again, but the joke is on the people who have been working hard, saving, and living within their means, because when the inflationary spiral that Federal Reserve Chairman Bernake seemed to endorse back in 2002 comes into play, where he said:

the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.

Here’s the problem, the reason why there is an economic collapse is not because of capitalism, but rather because of debtism that people are calling capitalism.  According to George Reisman:

Laissez-faire capitalism is a politico-economic system based on private ownership of the means of production and in which the powers of the state are limited to the protection of the individual’s rights against the initiation of physical force.

I would go a little further, because I would argue that the cornerstone of capitalism should be the use of capital to finance projects.  Unfortunately what we call capitalism has become divorced from the use of real capital to the use of borrowed (or rather fictious) capital.  Of course, there is an argument to be made for using debt to finance projects (rather than real capital).  If the chairman of the central bank is determined to cause inflation, it means that the debt that you take on today will have a lower value in the future, leading us to the insanity that we face today, where people take on debt that they shouldn’t because they hope that inflation will make the debt worth less than the project.

Of course, given that it has been reported that the head of the Zimbabwean Central Bank was offered a job at the World Bank via the Bush Administration, expecting money to decrease in real value is something that is all too likely, given that Dr. Gono has been able to give Zimbabwe an inflation rate of 516 Quintillion percent.  We can be glad that Dr. Gono has decided to turn down the offer as the world is not ready for his economic policies.  Good thing for the world, since  Zimbabwe was once considered the bread basket of Africa, but now is a basket case.  I think it makes sense to learn how to live within your means (like these people did), but then again I have “issues”.

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