Mangled Thoughts

[As first day back posting, below is much in the way of notes and remarks on certain things, and some a bit, well, scattered. Can’t help it, a week away turned out a real nice time and so returning to deal with the abominable is, frankly, hard work. I mean, really hard work.]

Why is he leader of the Federal Liberal Party? Thanks to the Clique, brains have been eradicated from the Party and its Parliamentary wings. It says rather much about most who occupy Liberal Party seats that first Peter Costello, then Malcolm Turnbull and now Tony Abbott have been considered genuine Liberal Prime Ministerial talent. The Party has been reduced to a shambolic “sit-com” troupe that makes the man in the street laugh the laugh of the embittered.

Die-hard modest Liberal voters contemplating whether it is a crime to strangle those who are wrecking the Liberal Party is a pretty good sign of how bad things are. Last week, I had the pleasure of chatting with a rather large number of them.

Though unarmed with sound economic theory, they are all alert to, carbon taxes and ‘alternative energy schemes’ means ruination on a tremendous scale. They are appalled at the force of the a-economic “policies’ of the Rudd Cabinet and States’ Cabinets. They are also very angry at politicians and bureaucrats stealing their rights. They are furious with States’ Cabinets for the same reason.

They are chilled to the spine because the Federal and States’ Parliamentary wings of the Liberal Party are devoid of genuine talent and with it, sound principles. It is telling that many are evaluating which independent candidates they can vote for in the forthcoming States’ and Federal elections, commencing with the Tasmanian State election this Saturday (20/3/2010).

The Tasmanian Division of the Liberal Party is in the same condition as the mainland Divisions.  The ALP Cabinet is as detested as their mainland counterparts, but the Liberal Party will be fortunate to win even a barest of minorities government. The Greens, which can be wiped out in their base - Tasmania, are predicted to hold the balance of power in the Tasmanian Parliament.

What puts all this into perspective is the impact of lousy ‘economic policies’ on Tasmanians, and it is appalling. What is the Clique’s answer to this, in the name of the Liberal Party? They are only promising to ram down more investment destroying policies, which means lowering living standards and rising unemployment.

As an indication, they are committed to the ponzi schemes called ‘alternative energy’. The Federal Liberal Party is no better. At least Abbott came clean, though unwittingly, about the fact they are totally bereft of brains and principles. Yes he did, last week! His announcement of his “maternity leave and levy scheme”.

Tony Abbott deceives the public with his Paid Parental Leave scheme

And plays into the hands of the hard Left. What a jaw-dropping policy announcement it was too.

The Kevin Rudd-Julia Gillard maternity leave scheme will have nasty consequences for employment of women. Oh, employers will comply, by very careful factoring of labour and exercise the discrimination the legislation requires. Women of child-bearing age can thus blame Rudd and Gillard for employment predicaments they face.

It’s weird to say it but unlike Abbott’s paid maternity scheme, the Rudd-Gillard discriminatory plan is honest. Honest, that is, in one respect only. (Now I have to wash my mouth out with soap coated in salt). It has force only when employers have employees to whom their scheme would apply.

It should be opposed, from sound principles, but there you are, Abbott’s scheme in contrast is dishonest. Does it make Abbott’s position any uglier that he is now in no position to oppose the Rudd-Gillard scheme? That Rudd and Gillard can present their scheme as the height of reasoned economic policy? These questions are hair-splitting.

To unpack why it is dishonest, and also why he and the rest of the Liberal MPs and Senators have blown off what few limbs remain to them over this, requires a few items broken down into short topics and let’s cover a few considerations why so:

Tony Abbott’s scheme is universal. Irrespective of employees, Abbott will tax companies and hand over the loot to all he claims qualify for his scheme. As for the type of “levy”, the most likely seems to be an extra tax on profits. Contemplate what this means: economic carnage.

It is what Abbott, the genius, promises to cause. Darn and, Heavens above! He isn’t satisfied with wiping out Australia’s capital structure with his versions of carbon taxes. He wants to make sure all are really and truly ruined.

Consider that already regulations, company taxes, the RBA’s lousy monetary “policies” and a consequence, an over-valued dollar, have each caused tremendous damage. They each continue to cause tremendous damage. The pain is real and it is extensive. Rudd’s spending spree, though stimulating for politicians, bureaucrats and the media commentariat, inflicts only more damage. What’s the Clique’s response?

‘Don’t let up and let’s intensify it.’

Abbott asserts, only “big companies” will be levied. What makes this moral, as opposed to also taxing companies that fall below some capriciously decided bar?  Making this all the more insidious is the deceitful attempt to play off those below a certain size against larger firms and this in itself is an insidious political trend. That MPs in the name of the Liberal Party should take this up, and not only in regards to taxes, is disgusting.

To make it plain for the likes of Abbott and Barnaby Joyce, scales of firms is decided by market processes. The force of this is made plain under the ACCC ‘laws’, which has already seen the break-up of firms serving customers, and hampering and preventing others from achieving scales that renders them able to engage in types of production, which means serving customers:

But then, to explain this requires economic theory and not only MPs occupying what should be Liberal seats but also their advisers, including the Institute for Public Affairs and HR Nicholls Society and Centre for Independent Studies, are totally bereft of economic theory.

Next, “small fry” should not be fooled by this, unless they wished to be lashed by the “levy” too. None should content themselves with the delusion they won’t be hit.

We finish this section with a quote as pertinent to Abbott’s grand plans as it is to Rudd’s. Franz Machlup:

“Austria was successful in pushing through policies which are popular all over the world. Austria has most impressive records in five lines: she increased public expenditures, she increased wages, she increased social benefits, she increased bank credits, she increased consumption. After all those achievements she was on the verge of ruin.”  (Fritz Machlup, The Consumption of Capital in Austria, Review of Economic Statistics, II, 1935, p. 19).

Abbott plays into the hands of the hard Left

Abbott’s plan contains the hard Left’s ploy, ’social responsibilities’.  To this, the Clique are not only economic illiterates, they are illiterates in history.

The Clique not finished with totally discrediting free labour markets

Labour is paid to the value of its marginal value.  The ACTU ‘case’ against free labour markets rests on the falsehood of indeterminacy of pay rates, which chillingly the HR Nicholls Society, notably Des Moore, Ray Evans and Hugh Morgan assumed too. So, here is Tony Abbott, causing more damage to a thoroughly sound and therefore highly moral cause.

Des Moore, Ray Evans et al of the HR Nicholls Society steer around the falsehood by conceding another fallacy, monoposony, arguing large numbers of employers outs a floor under wages. How about, if large firms were broken up into tiny little backyard firms! Secondly, wages can be maintained by transfers. Of course, what theyw ere arguing for was wages should be driven down, and the only conclusion that could be drawn from their papers, is below market rates, and transfers would make up the difference!

Numbing and, bluntly, stupid, but it was what they put as the ‘case’ for free labour markets. Mind, they really were not fight for reform of labour markets, to free them. They were actually striving for something entirely different, ‘labour reform’, and a highly obnoxious moralistic position it is too that, in which case, is highly immoral. However,

Again, we see the Clique and one of its heroes, and Tony Abbott is a member of the HR Nicholls Society, fudging and discrediting free labour market economics, and skirting around falsehoods he conceded, with his little mates  - Des Moore, Ray Evans and Hugh Morgan, by proposing to hit companies with more tax, on profits, and transfer the loot as ‘maternity pay’.

By the way, Abbott hasn’t yet explained to investors, who happen to include mums and dads, even if only through compulsory superannuation, why savaging their companies in order to hand back to them their own much reduced investments’ earnings also makes them wealthier.

Abbott, his advisers and the rest of what stands in the name of the Liberal Party are yet to work out what the relationships between labour, capital, pay rates and nest eggs are. But it’s OK, because the Institute for Public Affairs and HR Nicholls Society and Centre for Independent Studies haven’t worked them out either. So if Abbott and co cut and break them, what the heck.

I receive emails from readers asking why I repeat the statement, the hard Left and the ACTU loves the Clique.  I find the question perplexing, because it’s obvious why but, to restate:

It’s true and the above are just some of the reasons why. Put it another way, who needs the ALP and ACTU as opponents when you have that lot batting for them?

Feeble is not the word for that gaggle of “buffoons”, clowns” and pompous asses” as hard Leftists and ACTU heavies affectionately call them.

Needless to say, the anti-dote is Brookesnews, and certain material will be used in the next two items on Abbott’s dishonest and very nasty ‘plan’.  It would seem incomprehensible the Liberal Party has, it seems very much the case, ensured Rudd a second election victory.

It seems so only, because it is comprehensible. This is the Clique, and not the Liberal Party in action, wrecking the Party and good causes and playing straight into the hands of the Left. It is the Clique that is responsible for the likes of Michael Kroger, Peter Costello, Malcolm Turnbull, Tony Abbott and, all the vast majority of the mediocrities (this is being generous) holding Liberal Party seats - States’ and Federal.

Due to the Clique, Australians face grave perils.

As for self-styled “Austrian school followers” Ron Manners, Harold Clough ,and Bob Day, why are they funding those idle, venal, gutless, ignorant parasites of the Institute for Public Affairs and Centre for Independent Studies? Thanks a lot Ron, Bob and Harold.

You can’t fund those who are genuine free market intellectuals and also happen to have the guts to fight, but you can fund a pack of bastards whose notion of fighting is smearing genuine Liberals and, with their mates inside the Liberal Party, ensuring real talent is marginalised and suppressed. Yes, Sirs, Tony Abbott is a fine achievement, the Dodo elevated from a flock of Dodos.

What’s the matter, Harold, Ron, and Bob? Backing genuine talent doesn’t offer photo-ops? No mega-media fame? What are Australia and principles compared to paparazzi and ‘hot-goss’ mags, eh?  Ah, this brings me to some “hot-goss of my own” we shall relate soon enough”.

More confirmation of Hugo Chavez’s terrorist operations

Saddam Hussein turned Iraq into a vast terrorist training camp, which was confirmed by an Iraqi Colonel straight after the second war against Saddam was over. It is rather pointed that after the war, the allies still had the job of wiping out very large numbers of terrorists inside Iraq.

Recall, from the Opposition benches both Kim Beazley and Kevin Rudd joined the fifth columnists in the media howling Saddam was not training and funding terrorists. They raged that this was a falsehood used by Howard as an excuse to go to war against Saddam. Beazley followed up this mendacious, nasty act with his  disgusting speech to the first contingent of troops to be sent to Iraq.

The hard Left have a singular problem, hard inconvenient facts cannot be concealed. This is only more confirmation of, Hugo Chavez is running a sizable terrorist training operation inside Venezuela:

“MADRID, Members of the militant Basque separatist group ETA trained around 100 guerillas from Colombia’s rebel FARC group in camps in Venezuela, the Spanish daily El Pais reported Sunday…”

[NewsMax, 7/3/2010]

Chavez and his gang of thugs are running out of time.  They’ll be wiped out soon, which will make the hard Left in Australia very sad.

Due to some intervening matters, we will be away next week. Postings will be resumed on Monday the 15^th of March, 2010.

I apologise, readers, for any inconvenience, noting outstanding matters will be finished when we resume on the 15^th. Until then, thankyou readers.

D.J.B.

Chavez is hailed as a second Fidel Castro. This is some commendation comparing Chavez to Castro and his fellow Stalinist butchers.

Chavez is trying to usurp the Constitution of Venezuela in order to impose a Marxist dictatorship. At the same time, he has been attempting to overthrow the government of Colombia, through Marxist terrorists he funds and trains. This is besides his funding and training of Muslim terrorists. He trains Muslim terrorists inside Venezuela. Then there is also his world-wide drug operation.

In 2008, there was the famous capture of a laptop, in which extensive was stored tying Chavez directly to the Marxist terrorist front in Colombia. Now there is this, courtesy of Ed Morrisey:

Spain: Chavez conspired to assassinate Uribe

Instead of tolerating this vicious Stalinist, Hugo Chavez should be on each country’s hit list. The amusing thing about this is, the hard Left Hugo Chavez fan-club in Australian, featuring the likes of Bob Brown and the Greens and “Phuc” Phillip Adams. It’s a galaxy of the hard Left. These treacherous, not Australian thugs are campaigning to allow Chavez and his drug pushing, terrorist funding Marxist gangsters open door entry into Australia.

A rather long  list of “Who’s who” of the diseased is given in “Continued”. They all signed a petition demanding Chavez be granted open door access to Australia. Hmmm, one could agree on this term, he’s allowed in and he and his gang are all shot as soon as they step off the plane.

The names and their “petition”:

(Continued)

The lie that human Co2 emissions causes climate change

The lie violates the laws of physics. It amounts to nothing more than a grotesque belief in magic: man is the puppeteer of the universe. It is numbingly crude it really is chilling to contemplate how it could have been asserted as even a serious hypothesis, It is not science, it is an attack on science and deliberate rejection of science. Any former scientist who has decided to support the lie is just that, no longer a scientist.

It is not simply against the lie therefore, that is at stake. It is physics. It is up to the boosters of the lie to substantiate their claim through sound science. Instead of this, they have perpetrated fraud, for which many now face criminal prosecution.

Let’s also recollect, the lie was initially the claim carbon emissions causes “global warming”. This was swiftly debunked, with McIntyre and McKintrick delivering the final, spectacular bullet of show the Mann “Hockey Stick” is a fraud. The “Hockey Stick” was and remains the primary anti-argument of the IPCC’s lies. Mann is facing prosecution because of the fraud he perpetrated.

Now, the claim carbon emissions causes global warming is itself rubbery. It’s “proponents” had not laid out how the laws of the universe could, by any stretch of the imagination, render this possible. Could, not would, and with this, they did not lay out in sound scientific method tests of the claim. Neither did they, in sound method, furnish their data and records on how their “evidence” was generated for testing. But the claim was swiftly killed.

Instead of, therefore, accepting the “hypothesis” is false, the boosters moved the goal posts by making their claim even more rubbery. They altered the claim to, carbon emissions causes causes “climate change”. Yet again, from theory and mountains of evidence, this has been demonstrated beyond doubt it is false. Yet again, this has not stopped the liars, on whom the burden of proof rests, and not everyone who says no, it is false, including hundreds of thousands of scientists.

Again, fraud was perpetrated by the liars in order to advance the lie. They face prosecution.

Again, the liars, instead of admitting the lie is a lie, have shifted the goal posts again. They now simply say, “climate change” and anyone who denies climate change is a denier. Now this is another vicious lie. No-one calling carbon emissions causes climate change a lie denies climate change occurs. To the contrary, they all know it occurs.. they know why it occurs and the reason why it occurs is because climate shifts are regular physical events that occurs because of the laws of the universe.

There are a couple of other points. What is climate? A period sufficiently long that the average, very loose average, of the weather conditions prevailing over a region is such we can say this is tropical, this is arctic, this is desert, and so on. Secondly, there is no “global climate”. Indeed, Australia alone is marked by a range of climates.

Climate shifts occur over very long periods. Counted in hundreds and thousands of years. Moreover, when a shift has occurred climate is not static. There is fluctuation and fluctuations in climate are large. What is interesting is, evidence covering 5000 yeas has been compiled. The data has been plotted. A polynomial trend line has been fitted, precisely because of the large fluctuations that occur. It does not take this trend line however, to see that for 3000 years, the trend is cooling, not heating. The cooling commenced, as the data shows, after there had been a period of heating of about a thousand years.

What an interesting graph it is, and so is some further explanation. Go here:

C3 Headlines: Climate Cycles Change.

Silly question.

Their front page lead report is sterling cringe causing matter. They confidently declared “though the stimulus has resulted in some mild growth, because of the RBA’s interest rate rise yesterday it should be withdrawn.”

It has not, evidently, occurred to them that if the consumption fallacy were true, another economic ignoramus, Treasurer Wayne Swann, could just as confidently say the Fin Review is very much mistaken. Put it this way, Greece should not be on the brink of collapse; they should be vibrant and becoming even wealthier by the year. If the fallacy were true, France, Germany and Britain shouldn’t be fast approaching what the Greeks now face. In fact -

Forget Europe. Forget Swann and Kevin Rudd. Under States’ Cabinets, all Australians should be doing spiffing well. Who can omit Uber Economist of the World, Peter Costello? How Costello increased Government’s consumption and managed to record a surplus is swiflty explained below ⁽¹⁾. Darn, there’s his rival for the Mr. Universe Award, Paul Keating, even the poorest Australian should be a millionaire.

Why, all this ’stimulus”, a man has “gotta” know all Australians must be mega-billionaires. So, why are so many destitute, or facing the high life sleeping under park benches?

It has not occurred to the Financial Review, obviously, the so-called “stimulus” actually erodes capital, arresting what is really needed, its accumulation. They failed to spot the glaring obvious, and let’s step this through:

Inflation, that is monetary expansion by central banks, besides constituting tremendous wealth confiscation and transferring it into the hands of the lucky few, including Treasurers, creates the impression real savings are higher than they are. This dissembling is due to what inflation does, distorts the price signal of interest rates. ⁽²⁾

There are real market rates of interest rates. Economic laws are real, they can only be ignored at great peril and cannot be defied forever. It has not occurred to the Financial Review that savings may be far, far lower than appears to be the case. Indeed, when Jackson pointed out that an over-valued dollar could be hollowing out Australia’s production structure, in his article showing Professor Sinclair Davidson had got things very wrong on manufacturing, I sat their stunned and transfixed:

Is monetary policy destroying the country’s manufacturing base?

This leaves the possibility the RBA’s rate raise still leaves rates below real market rates and, chillingly, very likely far below. This entails the implication, even though it is a rate rise, the RBA’s rate is still inflationary. To illuminate:

In December last year, Neil Mitchell attacked the head of Westpac, Mr. Peter Hanlon, on radio station 3 AW, over Westpac’s announcement it was raising interest rates independently of the RBA. Neil Mitchell accused Westpac of, to use the pejorative, profiteering, which is funny.

All those whining about profiteering of course themselves seek to profit. Scratch hard leftists, a Tim Costello or a Clive Hamilton and you find a profiteer but these types don’t earn their profits, unlike modest Australians grinding away in production. But I digress.

Mr. Hanlon defended Westpac’s position live on 3 AW in a tense exchange with Neil Mitchell. Hanlon made a singular error. Mitchell re-stated his accusation and Hanlon entered a long explanation, though true, including cost of funds (Westpac’s explanation is here), instead of nailing the falsehood in Mitchell’s accusation. Mind, he nearly did when he stated:

‘There is a great shortage in savings and rates have to be raised to build capital finds. The bank has to do this so modest Australians will do this.’

Just consider this statement alone. This is a banker who stated savings are far lower than assumed and this can only be corrected by rapid accumulation of funds. He did not use the expression, ‘capital funds’, but it is the problem they are struggling with. We know they are struggling with it through other evidence, the sheer number of firms trying to raise them.

Neil Mitchell accidentally drew one correct conclusion. It entails a shift from consumption to savings. Neil Mitchell drew the erroneous conclusion, this hurts consumers. Oh, it does. The pain is real, higher rates on housing loans for instance. This is short term pain. But it is false in the long run because only savings raises living standards. But this misses the real pain:

Malinvestments induced by inflation are being wiped out, on top of strangulation of firms by regulation and taxes and if all this is not enough, further eroded by “stimulus spending”. All will be wiped out with carbon taxes and related measures. Joy in the morning.

Anyway, what Mr. Hanlon should have said to Mr. Neil Mitchell is this:

“Mr. Mitchell, you are calling modest Australians, many whom don’t earn what I earn, nor what you are paid, venal “profiteers” because they rightly expect to earn market rates in return for building savings.

“What you are telling me is this: I should cheat our customers out of their just returns to subsidise the consumption of others.

“To cap it all off, Mr. Mitchell, you are telling me I should impoverish Australians by ensuring the only thing that raises living standards cannot occur, capital accumulation.”

To finish Mitchell off, he need only have added:

“Look Mr. Mitchell, I’m not responsible for this indeed very nasty situation. I do, though, have to correct you severely because you clearly do not understand the matter, and misconceptions are very damaging. Errors means causes won’t be rectified and this has even greater serious force.

“I acknowledge your genuine concern we all share but you are in grave error on the reason for the concern. It is very damaging to mislead Australians on these serious affairs. It’s wrong for anyone in the media to do this and, and, frankly, I’m appalled at the rubbish poured out by what are supposed to be expert commentators in the media.

“I wish everyone was far, far wealthier than they are. It’s due to the RBA and its criminal monetary policies that they are not. They should be hauled over the coals. In the meant-time, let’s tell listeners what you have stated:

“They, modest Asutralians, some of whom happen to be our customers, are vicious because they expect just compensation for building savings which is now urgently needed and the situation is dire.

“You have told Australians, as the head of Westpac I should make it policy to cheat modest Australians. This is offensive. I would be ashamed to even contemplate it. It would never occur to me to do this to mums and dads and youngsters, to anyone.”

If Hanlon had said that, Mitchell would have crumbled and properly, humbly, apologised and, to be sure, Mitchell does do this when he blunders. Unfortunately, with the likes of the Financial Review and the rest of the media commentariat, and the likes of the Institute for Public Affairs, Mitchell has no reason to realise he was nastily wrong.

Unfortunately, bankers don’t have the advisers they need because they have bloody keynesians as their ‘economics experts’ instead. Indeed Westpac’s postion and Hanlon’s reply was framed on the consumption fallacy. Yet, even the reduction absurdum of the fallacy has not even registered inside their skulls, ‘we save in order to spend our way into… what?’

Talk about suicidal, it was suicide committed long ago using keynesians.

“Stimulus”, bah! This is what a stimulus is:

A three year old attaches one end of a wire to the exposed muscle of a dead frog, the other end to a battery, and watches it twitch.

The protean scientist is sound, not the ‘adults’. What separates the Fin Review from the other rags? Price. Being far more expensive than the others, it must be really serious. Which is why I stopped buying it a few weeks after I first bought it back in the early 1980’s. It has maintained its standards ever since. You can tell:

It also promotes the lie of human emissions causes global warming, carbon taxation is necessary, “alternative energy” scams and “government spending sprees are “sound investments:” This is a newspaper for investors and entrepreneurs? They can cut the price by simply producing a 5 page rag -

P.1 The Dick and Dora headline - “look, Jane, see Dick run.” Pp.2-5, The list of yesterday’s stock market results.

It’s hot stuff.

Damned hot. I’m going back into business. I’m going to slay the Fin Review with the 5 page elite bumper newspaper at five cents a copy - Bargain!

I shouldn’t do this – I’m ruddy well not about killing my fledgling newspaper empire but, here’s an antidote to the Fin Review, and the rest of the media:

The US recession and the myth of 1937

Why the US economy could suffer another contraction

Does it make sense to resurrect the Glass-Steagall Act?

The US economy: Why the surge in GDP does not herald a recovery

Footnotes

(1) Peter Costello’s famous surplus

peter Costello increased in real terms Government consumption by a large factor in each of his budgets. According to keynesianism, Australia should be No.1 prosperity land. We should all be so wealthy that, why, all should be luxuriating in the Bahamas.

He could do it and record ’surpluses’ because of monetary expansion. This finally does raise nominal prices, which results in real rises in tax revenues to Treasury, because most taxes are indexed. So long as his increases in Cabinet’s consumption plans were less than the stealth increases in tax, he could record surpluses. So, readers, you can see the problem with a house of a cards.

Costello, Malcolm Turnbull and the rest of the “Opposition” attacked Swann for what the RBA caused, recession. Secondly, the danger of deficit (before the impact of debt-driven spending of Rudd and Swann).

The man was as all Treasurers are, no more than a book-keeper. A bally clerk, who affixed his moniker to budget papers handed him by Treasury. This makes him the Greatest Economist of the Entire Universe! Careful, Peter, the other claimant, Keating, knows how to bury snivellers.

If he was as brainy as some believe he is, he would have taken on the likes fo Mr. Jackson and Dr. Shostak and confronted the heads of the RBA head on, publicly, and driven for the only cure, a return to sound money. Instead, he sat there, sometimes he stood, with that smug grin on his face and poured out more destructive bilge.

(2) Interest Rates

Interest rates are not ‘prices of money’. The price of sound money is given in its basis, a commodity such as gold. A valued good exchangeable for other goods, its properties rendering it suitable for use as money. Real money is generated out of production. It has been interesting to observe those shifting into not only gold but also oil as a defence against debasment of money by central banks.

Interest rates, as Jackson carefully explained in, The nature of interest rates and why it’s dangerous to manipulate them, are the prices of time, given in preferences for present goods and savings. Böhm-Bawerk killed false explanations of interest and founded the theory of interest - the time preference of theory.

“Keynes just could not grasp that interest exists because people value present goods more than future goods (time preference). And so interest determines the supply of and demand for capital goods.”

The rate of interest is established by:

“… the marginal efficiency of capital [expected rate of return] is the rate of interest. This is the natural rate of interest and a price on the time market.”

The rate of interest not only equates supply of capital with demand for it. It is a process that occurs with time, capital goods are allocated over time. Keynes’ account of interest and money totally debases both, reducing them to mere “monetary phenomenon” of “supply and demand for money”.

Credit expansion distorts the natural market rate of interest signal informing entrepreneurs in establishing capital allocation priorities, based on the marginal productivity of capital. Every entrepreneur in planning capital allocation, while not working from economic theory, does exactly this through financial analysis.

Thus, to make explicit, interest rates balances production and consumption with time.

Alcoa announced its renewed its energy supply contract with coal based energy Loy Yang Power. This, naturally, upset the hard Left. The Age, aka “The Spring Street Soviet”, is in horrified shock, as the tone of its report shows. The hard Left’s green fronts foamed at the mouth, in particular, Environment Victoria”. Before writing this item up, in addition to several mountain ranges of material in my discs, I needed to to find out a couple things.

A couple of things, ha! It took all ruddy day in a very interesting hunt and checking with sources that has turned up much else besides. So, what we have to do is split them up into separate posts, thanks to what I have been uncovering - and I’m several months behind unloading material as it is. Below are articles rarther germane to what we have to relate. Right, let’s begin unloading with this first post on another right disaster sapping Alcoa, Victorians and Australians.

Oh, the back-log; amongst very many other reasons such as incompetence, feeblesnees, cowardice and wrecking thoroughly sound causes and so forth, another damned good reason why the Clique and their clunker tanks the Centre of Independent Studies, HR Nicholls Society, Quadrant Magazine, Ray Evans’ Online Opinion, and Institute for Public Affairs are contemptible is their undiluted idleness. All their ‘effort’ is in begging for $millions poured into these bastards each year over decades. They are so bloody idle they have never done even what I have done in three days; you can tell; there is nothing in the piles of pulp they crank out. So, Heavens knows the frustrations of the editor of Brookesnews and any other genuine freedom fighter “marginalised” by the clique.

I’s not money I’m talking about. I’m talking about honest hard work, which is foreign to the Clique and their clunker tanks. Funds are needed for materials, not for paying a wealthy man’s version of the dole, which is a real insult to all those thrown out of jobs due to rubbish purveyed as “economic policies”. Well, the Clique do have something in common with the cadres of the hard Left and their fronts. The cadres of the Hard Left are all for the “revolution” as long as, they believe, they are rich slave masters of everyone else. The Clique holds modes Australians in contempt.

Let’s put this in perspective, the modest Australian. These are guys who slog their guts out building roads in local councils. I have never told a “Council worker” joke for over a decade now and never will. Then there are the guys slogging away on production lines.

Also, guys who happen to be entrepreneurs and their backers, which happen to include tens of millions of Australians slogging it out serving Australians in the grind of production.Very many of these guys, not many haven’t, commenced in the sloppiest, back-breaking jobs. This is as foreign to the Clique as it is to the hard Left.

Believe me, many real entrepreneurs, including heads of majors, know what back-breaking work means. They also know most employed in firms they are charged to run, right down to the cleaners. They screw their backsides down to drive production to serve customers and thus serve shareholders because this is the only way to succeed, serving even those whom a chap detests. These guys respect the little guys they are the boss of, this is the absolute truth.

I know all this because I have done it myself. Best of all, it is why I enjoy chats with many entreprenuers here in Australia and overseas on even these very humble things and not the “big (t)issues” the Clique (not only the hard Left) pretend to know and “gas-bag” on about.

Only entrepreneurs and good people under them and behind them and not parasites know this. All this puts the like of the CIS, Greg Lindsay Professor Sinclair Davidson, IPA, Ray Evans, Des Moore, Chris Berg, HR Nicholls Society, Michael Kroger, Peter Costello and Quadrant magazine in their damned place. These mediocrities do not know what work is.They don’t know what capital is They don’t know a damned thing they pretend to write on. It is amusing to note that they have not served Australians under arms either and, to be sure, they treat the men of the Armed Forces of Australia with the same nasty contempt they have for all modest Australians (and we have another item on this in the wind).

I’ll say this: It’s time for certain heads, including Alcoa’s, to bloody well face up to what they are bloody well paid to do. It isn’t to crawl to little thugs like Rudd and Brumby. Neither is it to grovel before the likes of Clive Hamilton, Sharan Burrow, Wakeham, Greg Hunt, Malcolm Turnbull, and Tony Abbott.

To reflect, neither should they have massaged other blood-suckers such as John Brumby, Jeff Kennett, Alan Stockdale, Bob Hawke and Paul Keating. In fact, it is not the job of any head of a firm to grovel to anyone but to customers. Their job is to serve people. Enterprise, from the highest to lowest stages of production is all about serving others. So, what in the blazes is Alcoa doing running to the likes of Rudd, then Brumby, the IPA and other little lying bastards who serve no-one but themselves.

To the heads of Alcoa, this is your first big mistake: saddling your firm with useless, ignorant parasites called PR Managers. I mean to say, Hugh Morgan was an object lesson. Once, surely, was enough. The next big mistake was to sell out to enjoy subsidies.

On these mistakes the rest follows, as we shall see. The trouble is, because of your gutlessness, your cowardice, your unprincipled hope of being secured, you have sold out Australians and Australia. Now you can crawl to modest shareholders and explain to them why Alcoa must be wiped out via carbon taxes. Brilliant. Bloody brilliant.

Jesus H Christ. Your biggest mistake was not why I am writing this. Your biggest mistake was selling out principles and then whining about being clobbered by the very twerps guaranteed to destroy Alcoa and through what you are screaming about now: the risk cheap energy supply will be destroyed.

Shareholders should haul you over the coals. This monstrosity can be fought but, as we shall see, Alcoa told Rudd they are happy for carbon taxes to be rammed down on everyone else, as long as they are protected.

Now, I have to get this straight and I’d like the genius in Alcoa to explain this, for a good man likes to have his facts straightened out, but who is the brain dead “chieftain” who came up with the notion Alcoa can survive carbon taxes and all else that is entailed if their little mate in Spring Street, John Brumby, protects them?

How bad is this? Well Brumby distanced himself this morning faster than streaked lightening – “Nothing to do with me. I’m only a retarded brat who by some mysterious stroke of fortune happens to be Premier of Victoria. I’m a lucky boy,. My playmate is the er, ah, um Leadah of dah Opposition. Don’t know a thing about it.”.

The Clique and the Left have too many things in common and this is a big thing in common, in Victoria:

Vic Crime Inc, set up by the IPA and two of their heroes, boof-head Kennett pretending to be Saint Merciful and his faithful Kemasabe, Alan Stockdale.

They all put the Mafia to shame. No, they would all make even the Mafia cringe.

Alan Stockdale, Macquarrie Bank’s head of taking taxpayers’ money courtesy of politicians and throwing it down the drain, euphemisically called “infrastructure”. Summed up, it is:

Politicians and bureaucrats enjoying a right old spending spree and then charging smelly oafs all over again and then diddling them for the umpteenth time via “alternative energy” scams, calling the sum total swill “investments”.

Yes, Sir, the Clique and the Left, they have their priorities right: Help themselves and then run for cover fast, hoping smelly smelly oafs aka Australians won’t notice a damned thing about them. Oafs endure stench only for so long and then they hose the shit out.

Why the US economy could suffer another contraction

Does it make sense to resurrect the Glass-Steagall Act?

The US recession and the myth of 1937

Carbon taxes energy production and technology: more green nonsense

[Gad, we’re lucky the Copenhagen Treaty that Kevin Rudd was going to sign fell apart.]

The European Commission has just announced an agreement whereby English will be the official language of the European Union rather than German, which was the other possibility.

As part of the negotiations, the British Government conceded that English spelling had some room for improvement and has accepted a 5- year phase-in plan that would become known as “Euro-English”.

In the first year, “s” will replace the soft “c”. Sertainly, this will make the sivil servants jump with joy. The hard “c” will be dropped in favour of “k”. This should klear up konfusion, and keyboards kan have one less letter.

There will be growing publik enthusiasm in the sekond year when the troublesome “ph” will be replaced with “f”. This will make words like fotograf 20% shorter. 

In the 3rd year, publik akseptanse of the new spelling kan be expekted to reach the stage where more komplikated changes are possible.

Governments will enkourage the removal of double letters which have always ben a deterent to akurate speling.

Also, al wil agre that the horibl mes of the silent “e” in the languag is disgrasful and it should go away.

By the 4th yer people wil be reseptiv to steps such as replasing “th” with “z” and “w” with “v”.

During ze fifz yer, ze unesesary “o” kan be dropd from vords kontaining “ou” and after ziz fifz yer, ve vil hav a reil sensibl riten styl.

Zer vil be no mor trubl or difikultis and evrivun vil find it ezi TU understand ech oza. Ze drem of a united urop vil finali kum tru. 

Und efter ze fifz yer, ve vil al be speking German like zey vunted in ze forst plas.

[ Ich habe gerade die ursprünglichen Manuskripte von Williams Shakespeares komplettem oeuvre aufgedeckt. Ja, Es tut mir leid, dass zu sagen, war er ein deutscher Agent schließlich.

Außerdem, “Zu sein oder nicht zu sein” war Spitzenstille-Stille-Code für den von Schlieffen Plan.

Trans: I have just uncovered the original manuscripts of Billy Shakespeare’s entire oeuvre. Yes, I am sorry to say, he was a German agent after all.

More-over, “To be or not to be” was top hush hush code for the von Schlieffen Plan”.]

Not unfortunately, say, the Victorian EPA. It’s the U.S. Federal EPA. However, the court cases being mounted on very serious charges do have wide international implications for all involved, including those in Australia.  For it is international in scale. Monash University’s reputation, for one, will be at the least shredded, in view of its involvement in the perpetration of the lie of human carbon emissions causes global warming, and advocacy of economic destruction through alternative energy scams and carbon taxation. See, for example,

“Hottest January ever” say climate experts, establishing a new comedy genre

Where will this leave CSIRO? In the same sunk boat, that’s where.

What will it take for the same sort of actions to be taken in Australia? When it is too late? After politicians and Kommissars, Federal and States’ and Local Councils’, have succeeded in wiping out Australians with carbon taxes, related measures and other vicious ‘green’ policies?

By the way, during the weekend it was reported on radio a “VCAT Judge” squished a planned development on Victoria’s coast because of the lie. The “Judge” asserted the coast will be inundated and they must stop Victorians building there. Consider what this really means. The “Judge” might look up the word dictator and consider what a nasty little jackbooted dictator is. A hint, use the mirror, use the mirror. VCAT is nothing more than the enforcer of decrees rammed down by politicians and must be shut down.

The actions launched against U.S. agencies and individuals and their fraud and “ponzi” schemes need to be reduplicated in Australia. This has force for not only Government ‘departments of environment’. The CSIRO is caught red-handed. The item on CSIRO will be finished this week.

Monash University has also abused taxpayers over the best part of a decade now by not simply throwing funds into ‘research programs’ that assume the twinned lies. It also actively supports the Government progroms. Monash also needs to refresh themselves on what intellectual fraud and charlatanism are, and what aeroplane scams are.

Put it another way. Is Monash University seriously asserting engineers, physicists and economists of the University will defend all this out in the open, in robust debate? It is now going to be treated to a really fun time.

Then there are Ministers, Federal and States, who are responsible for the Kommissars infesting departments, institutes and agencies. Sources have related strong rumours of intimidation of any who do not obey the progrom, and any who have the nerve to dare say it is false. By this, I also mean scientists are also intimidated. This itself requires investigations of the type the perpetrators fear.

It is disgusting, unspeakably despicable that three former Federal Ministers in the name of the Liberal Party are also guilty of this as responisbhle Ministers. They too should be made to account for their actions on the wrong end of investigation and actions that follow: David Kemp, Ian Campbell and Malcolm Turnbull.

There is also intimidation of Liberal Party members, through none other than Malcolm Turnbull-Tony Abbott Shadow Minister of the “Environment”, Greg Hunt. This alone is very good reason for the expulsion of Greg Hunt from the Liberal Party and also those responsible for this adolescent hard Left buffoon, and they include not only the likes of Turnbull. Michael Kroger Kronies slung this parasite into a precious Liberal party seat because he is just like them.

We disclosed in,

Liberal Party: Scoop! Greg Hunt’s Order to Party Members

The details of Greg Hunt using “edicts” and threats to suppress scientific evidence showing carbon emissions causes climate change is a lie and of economic evidence showing carbon taxes means economic destruction, the complete ruination of Australians and Australians. That he was using force inside the Party to ensure even the hint of any debate on these matters is suppressed. Since he is Shadow Minister, the inference is crystal clear, it is the action of thugs inside the Liberal Party, who are also responsible for the wrecking of the Liberal Party.  A few weeks ago, Tony Abbot declared:

There is no suppression of members, speech and debate inside the Liberal Party. This is a falsehood. The Clique and their “think tanks” the Institute for Public Affairs, the Centre for Independent Studies and the HR Nicholls Society is responsible for this shocking state of affairs inside the Party.

Carbon credits and ‘alternative energy’ scams, they are what can be termed ‘aeroplane’ schemes. In Australia, “aeroplane” schemes have been declared criminal schemes under statute, regulations rammed down by the politicians of both major parties. What a black irony this is, politicians perpetrating them in violation of their very own ‘laws’. Well, Bernie Madoff knows all about “ponzis” and what follows.

Actions being launched in the US include the charge of racketeering, under the Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970, unifying the germane Acts of 1961-1968, all raised to fight major crime syndicates, principally the Mafia. How amusing. The Mafia only aims to milk firms and not destroy them. However, it was realised the Act is an instrument any individual can use so long as their case satisfies the judicial tests for such an action. Guess what?

Al Gore is a goner. He will face soon enough a tough barrister who is going to kick his backside all the way into penitentiary. For Gore, besides lying to the public over climate change, besides his involvement with Bill Clinton in selling top US military secrets to the Communist regime of China in return for funding the Democrat Party,  has made a tremendous fortune out of governments “funding” carbon reduction scams.

The importance of the cases being launched in the US, besides those being launched against the fraudsters at East Anglia University, is precisely the international depth. Mann, by the way, the perpetrator of the ‘Hockey Stick’ fraud, on which the IPCC based its lies, is one charlatan in a very long list of scammers who is to be prosecuted. Someone should point all this out to CSIRO and Monash University.

This is going to be very interesting indeed.

In, Beating the Climategate Cover Up: the next legal step, John O’Sullivan traces out the application of the RICO Act and against some of the many who will be charged under the Act. Some telling quotes from this article:

“Senator Jim Inhofe (R-OK) has stated the need for an international criminal investigation into what he called, “unethical and potentially illegal behavior by some the world’s leading climate scientists.”

“Inhofe emphasized the significant finding of the British Government that data destruction at the CRU was criminal.”

“As Stuart P. Green of Rutgers Law School, Newark tells…

‘As a result, the person has been prosecuted for obstruction of justice, perjury, false statements, or other similar ‘cover-up’ crime. In some of the cases, such charges have accompanied charges for the underlying crime; in others, they have displaced them.’

“Pertinently, even though Professor Jones is a British climatologist employed at a UK university, he made this admission in the leaked CRU emails:

“I’m hoping that no-one there realizes I have a US DoE grant and have had this (with Tom W.) for the last 25 years.” [1120676865.txt ]”

“Thus Jones remains liable to extradition and may conceivably be convicted under both UK and US jurisdictions.”

World’s biggest coal company brings U.S. government to court in climate fraud

“The world’s largest private sector coal business, the Peabody Energy Company (PEC) has filed a mammoth 240-page “Petition for Reconsideration,” a full-blown legal challenge against the U.S. Environmental Protection Agency.

“The petition must be answered and covers the entire body of leaked emails from ‘Climategate’ as well as those other ‘gate’ revelations including the frauds allegedly perpetrated under such sub-headings as…”

As readers can see, these are very serious actions. They will see CSIRO and Monash University, their names certainly, hauled through courts. This is a given because of their links to the IPCC. CSIRO boasts of its capacity as adviser to the IPCC. Well, they can be disturbed, noting by the way that Dr. Rajendra Pachauri of the IPCC is subject to on a range of matters involving fraud.Whether both institutions will be able to recover from this is an interesting matter of speculation around the City.

The heads of both institutions have made their bed of mud and slime and will find out that they will be made to lie in their own mud. They won’t be able to escape what is now being launched. They, evidently, did not consider the price of their own stupidity.

Fraud is international fraud and both are internationally tied to it. Only the thick cannot see these institutions are about to subjected to the right sort of treatment at the hands out to see justice done  in the course of very serious court actions in the US and UK. Let’s spell it out for them, it is going to blow up in their face.

They made this bomb and attached it securely to themselves, no-one else did. So they can’t run screaming to good old real taxpayer, whom they have abused and betrayed in these matters, and scream for protection in these very serious matters. Those who believe they are entitled to destroy Australians through carbon taxes, alternative energy scams and bunk purveyed as science and economics cannot be given any protection what-so-ever.Those in institutions ostensibly dedicated to the advance of truth have no excuse for their actions in these matters of tremendous force.

Oh, and where does this leave Greg Lindsay and his Centre for Independent Studies? Right down the same tube.  Fraud is fraud, and scams are scams. Lindsay and his CIS sunk themselves by deciding to campaign for them. Gone, and good riddance.

There is an upside to “The chances”, the enemy gets it all at once.

After months of hard slog, a Recce Troop captures a Taliban leader in Afghanistan, takes him to a warehouse. They read him his “rights” - dice.

The Sergeant says, ”Roll the dice  and if you  get  a 1 2 3 4 or 5  your head comes off.”

The Taliban leader says ”What if I throw a 6?”

The Sergeant says, “You get to throw again.”

This is the way to interrogate Islamo enemy and read them their “rights”. They understand this. Their “supporters” also understand this.

It is why they, the villagers and townsmen in Afghanistan, are disillusioned by Mohammad’s great ‘leadership’. Reality is dawning. If this is glorious Jihadic conquest, what in the Hell is Goddy on about blasting his devotees to smithereens and, come to that, making life hell for the little guy courtesy of his enforcers. And, they are bothered about what is done to them by their “brothers”. This, before mentioning that Muslim shit-hole paradise, Iran. All self-inflicted death, no glory tends to do that.

This is another message to the “religion of peace”, courtesy of patriotic Australians and our allies delivering messages of solace attached to lead carrier pigeons fired through tubes carried by bird fanciers dressed in “eco-friendly” camouflage gardening dress.

As a keen gardener, my best friend is Mr. Roundup.