Mangled Thoughts

The Fuhrer Principle

Already preparing what “Rightwing” politicians tried to force Howard to do, impose blanket censorship over the internet, Rudd is now preparing to put through Parliament this afternoon a permanent ban on short-selling. To repeat, short-selling actions are a major signal of future expectations. The current ‘temporary’ ban induced gyrations in markets. So, Rudd and his cabinet of morons will make a crime what is lawful, is sound, is regular.

What else is to be expected of a little fascist thug, whose wife is no entrepreneur - her fortune was built on nothing more than the rubbish of employment ‘regulations’ and stupid politicians ripping off Australians and funnelling the proceeds into the vaults of ‘personnel companies’ - business, the b-s. it is. The Rudd’s are as clueless about markets and capital as are Julie Bishop, Malcolm Turnbull, Professor Sinclair Davidson, Greg Lindsay, the Kemps, Michael Kroger and Peter Costello. Let’s pick up an instance of telling demonstration.

It is generally believed that lawyer turned ‘merchant banker’ Malcom Turnbull must be highly competent in economics. The reason given - Turnbull made his fortune in mechant banking. There, proof in the pudding, he must have a solid intellectual grip on economics. Look again:

He has never even mentioned capital, capital accumulation and, worse, what taxes on ‘profits’ are - destruction of capital and its accumulation. If he is as masterful as some believe, if he understood capital, he would know this, and he definitely would not be fully supporting the destruction of capital and the immiseration of millions of Australians through Carbon taxation. The man is an ignoramus.

Listening to Liberal Party Senators, bye the bye, in Parliament yesterday attacking Rudd over Co2 taxes was teeth grinding stuff. It’s not an attack. It was only a long whine about trivial details. Their complaint boils down to, it should be them and not the ALP imposing mass capital destruction day through Co2 taxes. For the benefit of those bone-idle morons, ‘cap and trade’ is also a tax that destroys capital, and they support this! They don’t have a clue what they are talking about, and they don’t give a stuff about the force of their rotten actions upon millions of Australians.

As for merchant bankers, there are some genuine merchant bankers in Australia. For those not familiar with the major operations of these entities, they specialise in raising capital to back entrepreneurs in new ventures. Faux merchant bankers are, as they say in the city, ‘insider traders’. The poo brained parasites holding precious Liberal Party seats identify insider trading, law firms, accounting firms, alternative energy scams as real production enterprises. Rather many of them, and their Brahaman backers, whenever they pass a factory, cry out, ‘What’s that eyesore? Pull it down!’

This is all besides the sheer tripe Turnbull and his side-kick, the potty challenged Julie Bishop, have polluted the airwaves with on the recession.

I remind readers of, the orgininal aim of the WET tax on wine production had bi-partisan support: to wipe out wine production, and thus too, though unbeknown to these good for nothing bastards, the entire capital structure that suppports the internal capital structures of wineries. This is what the “Rightwing” bastards in the Howard Cabinet, wanted to do, in bi-partisan co-operation with the diseased Left parties. These professionhal bums are not only not Liberals, they wopuldn’t recognise a Liberal principle it it smacked them on their jaws. Oh, and this is true, as that gutless slob called Senator Nick Minchin demonstrated over labour market reform - besides his boorish rudeness to Dr. Frank Shostak.

Then South Australian MPs woke up one morning and vomited in their toilets. The penny finally dropped: it meant wiping out one of the few major, genuinely entreprenurial sectors in S.A. They didn’t oppose the original aim, they fully supported it. What made them vomit was the realisation, rebellious serfs, a whole angry, axe weilding army of them would slaughter them at the next election, boot the parasites out of Parliament and off the gravy train, inclusive of fully taxpayer kept, CPI adjusted, untaxed scams called a Parliamentary pension, and fully taxpayer paid free booze by the truckloads - this is why many of them by 2 in the afternoon are as drunk as skunks. Not even the diseased Leftists of ABC running the Parliamentary broadcasts can conceal how thoroughly blotto the mongrels get every day. How much more carnage they could wreak if they were sober is terrifying to contemplate.

So, they begged for a mild compromise only, a reduction in the rate of WET tax, the rate that was aimed at destroying production entirely and the punchline is, the WET settled on has done great damage as it is. This lot had the hide to thus turn to the voters and say, ‘We fought it, we saved you.’ What a pack of lying scumbags they are. We are not talking about fanatical greens, and their fellow diseased Leftists in the ALP and the Democrats only. They were also Liberal MPs, who are meant to stand in the name of the Liberal Party but are also bloody treacherous thugs who hold modest Australians and real entrepreneurs and investors in contempt.

Any man who takes Peter Jonson’s (aka “Henry Thornton”) economic advice seriously is a fool

Peter Jonson should lead by example and put his money where his mouth is.

It might be assumed lying, diseased Leftists such as Geoff Elliot lying on behalf of the US Stalinist Democrats, in The Australian, and smearing George Bush, Sarah Palin and John McCain is treachery enough without the likes of Peter Jonson doing the same also running proganda on behalf of them and their leader and best pal of terrorists, Barak Obama in The Australian and on his Henry Thornton site. Jonson is another Rightwing cretin who cannot fathom that far from defending free markets he is also helping to descredit them and aiding the hard Left to major, unwarranted victories.

Geoff Elliot has an excuse. He’s a committed, treacherous Leftist who fully supports the US Stalinist Democrats and flies cover and runs propaganda for them. Here’s more on this lying bastard:

Leftwing journalist slimes US conservatives on civil rights, Gerard Jackson

Australian journalists join the Democrats smear-mongering campaign

The US Economy, the Housing Slowdown and the November Elections

What good company Jonson keeps, but for one thing, this ‘free market warrior’ has no excuse for his bilious propaganda effort for the US Stalinist Party and its terrorist huggin ‘deah leadah’, Obama. Well, he also has Peter Costello to also back him up. Costello ran the hard Left lie the recession is Bush’s fault. With no less than the Genuis of the Universe onside, smearing Bush, Palin, and McCain is a dollop. Self-satisfied, Peter Jonson went further.

In, It’s time to restore trust, (The Australian, 10/10/08), Jonson fatuously declared that if Obama won the election, Bush and Cheney should resign for an interim administration under the Speaker of the House.

Besides being music to the Stalinist Democrats, who under Obama are preparing to wipe out many freedoms including free speech (backed by real thuggery), and that it would violate the US arrangements for transition, Jonson was commending that that lying Stalinist and Speaker of the House, Pelosi, to be elevated as “interim” President of the United States, and this means ‘interim’ President of the armed might of the United States.

Jonson’s rationale for this stroke of how to shoot America down in flames is, as Costello, he blames Bush for the recession. Jonson is a lousy and ignornant on economics as the IPA, CIS, and HR Nicholls Society. His efforts are as cringeworthy as theirs. Why does he have to compound the sin of incompetence in economics with political stupidity of the worst kind? Is that where Costello got his marvellous explanation for the recession from, Jonson (Costello delivered his well considered assessment after Jonson had poured out that atrocious garbage)?

Look what happened within a couple of days of Obama’s win. The financial markets bubbles had been cleared out. The markets in capital funds destined for application in the US fell on Friday, Monday, Tuesday, Wednesday, and have fallen again this morning, and for the reason stated twice already, Obama and the Stalinist Party are going to smash company earnings, and demolish capital, with the added anticipation of flight of capital out of the US. What would have happened if the US convention was for the Speaker of the House to serve as “interim” President?

The markets would have crashed to the bottom of the ocean and capital would already by flying out of the US en masse. However, since Jonson holds the Obama led Administration of treacherous Leftists will be a blimming marvel, he should have the guts to stick his investment fund where his mouth is and put it in America and leave it there under the Obama years.

In the mean-time, I’m acquainted with fund managers who were cutting their client’s exposure to the US not last month, not even at the beginning of this year. They began cutting around three years ago. Their clients are pleased with those managers, particularly now.

Some of the managers related to me that they are deeply disturbed by the force of the Obama victory. In short, they are continuing to cut supply of funds from Australian investors to the US. However, Jonson has to ignore the unpleasant truths, and stick to the conviction with which he has fraudulently smeared Bush and co and commended Obama and the Democrats. Good luck, Peter Jonson, and may your devotees be even more enamoured of your brilliance - hmmm, convinced of your genius they dshoould stand shoulderr to shoulder with you and send their funds to the US too. That is your advice, Jonson, Obama is safe, he’ll enrich all who follow him. Oh, and since Geoff Elliot must love Jonson now, no doubt he’ll put in an extra good word for Jonson to Obama.

To fund the IPA and the CIS.

It is not, regrettably, the headlines but it is what he should do. Thus, he would do good work in helping to finish off these clowns.

He acknowledges the IPA and CIS are destroying the Liberal cause and have propelled the diseased Left to unwarranted victories, now of grave force for all Australians. Yet, Mr. Manners won’t act on what is clearly evident, beyond question. Instead, he has increased funding to the IPA, noting also the scholarship scheme he has set up with the IPA (which means the IPA will ensure they continuing propagating their inbred cousins, not that this matters - the IPA is incapable of developing and arming potential talent).

What has $40 million plus bought?

A generous pension fund for Greg Lindsay called the Centre for Independent Studies, and an oil painting of the man himself.

A cash cow for the Kemp family and a wealthy man’s version of the dole for Andrew “Andy Pandy” Kemp and his fellow, facile prep - school playmate, Chris “The Castroingo Kid” Berg.

Professor Sinclair Davidson, this genius and talent is at least consistent. He stuffs up every time he takes out his big coloured crayons and butcher paper to write his treatises in economics, which, oddly, sends diseased Leftists such as John Quiggin into fits of jocular hilarity. Forget anything with a degree of difficulty greater than 1, Davidson couldn’t even manage to nail the point to the Laffer curve.

Oh, and a couple of months later and readers are still waiting for his defence of his paper on manufacturing. Mind, it’s a tad difficult for him to do it - it presumes much that he lacks and, besides, in that paper he effectively called for ‘Industry Policy’, which is an euphemism for Soviet style economic planning. Oh, it doesn’t seem he did so deliberately; he can’t help writing what he doesn’t have a clue about. The clock is ticking Davidson - put up, or shut up, and where is that outstanding public apology you owe to Mr. Jackson?

“Andy Pandy” and “The Castroingo Kid”, masters of the history of economics, who brought their great learning to bear in their opus magnum, “Islam and the Free Market”. We all enjoyed watching Chris Berg drown in his non-existent defence of that trite pile of lies, while Andy Pandy hid behind his connections.

Of course, the Kemps and Nahan had to make Berg take the full heat of public disgrace to draw donor’s attention away from the fact it is the Institute of Public Affairs that proudly published the splendidly stupid survey of the history of economics. They elevated it to the ranks of the classics in economics - they hung a glossy picture of the IPA Review cover for that edition in the reception lounge of their office.

It might be noticed that the IPA’s office is exactly the same as the CIS’, devoid of massive collections of the span of material in economics reaching back into its early history. Mind, it would be wasted. They haven’t, for example, heard of the German economic miracle. Why on earth, Mr. Ron Manners, would you entrust your Mannkel scholarships to incompetent ignoramuses and therefore unfit to develop new talent? Is it your secret joke?

It is all too easy to predict the upshot. Do you realise Mr. Manners the gravity of what you are funding? All that you will have succeeded in doing is proliferating a closed gene pool of cretins who have almost completely destroyed the Liberal Party, and wrecked the fight for serious causes. These are grave matters that must be handled by adults only and not by a pack of venal, developmentally arrested, professional dole-bludgers, who don’t give a stuff about betraying companies and millions of modest Australians.

These delinquents Mr. Manners, and company directors siphoning shareholders funds into the bank accounts of these intellectual frauds, are defrauding shareholders and, indeed, Liberal Party members, and helping to ruin Australians for good measure. You, Mr. Ron Manners, would reinforce the fraud by rewarding them with funding?!

Right, Mr. Manners, how many photogenic, society page functions did they rig up to persuade you? How many did it take for them to separate you from your bank vault? How many big glossy photos did they publish in Who’s Who, night-clubbing pages. Did they have at least one placed alongside a shot of a snivelling, Leftist, Hollywood bimbo called an actress? Or, was it that Greens cultist Olivia Newton John?

Diminshing returns

Three to four decades later, and what is the record of the IPA and CIS? They are a running joke. The diseased Left now publicly laughs at them. They were laughing at them long before, but not publicly - because they want the blundering idiot “Right” to retain its death grip over the Liberal Party and Liberal causes. That the hard Left now freely show their contempt is telling. They assume they face no real threats anymore and in one respect they are right. So long as the myopic, retarded “Right” and their clunker tanks the Institute of Public Affairs, Centre for Independent Studies, and the HR Nicholls Society remain in position, until they are wiped out, the diseased Left have nothing to fear.

Diminishing returns can be measured. Over the decades, their output is bulk drivel that should never have passed a basic editorial check. Something has happened. They have exponentially increased their ‘output’ over the last 8 or so months. It’s a flood of bilge.

Any remaining pretence of solid content and effective delivery has been surrendered. The reason is transparent. They are concerned about the moolah taken from shareholders and siphoned into their bank accounts. They fear the taps might be turned off and they have hit upon a brilliant strategy to prevent it. They have increased their sing and dance routine from half an hour a week, to 40 minutes.

Oh, Mr. Manners, that lot does not work, and never have. Their ‘output’ can be efficiently churned out by the truckloads using an automatic composition program freely available over the Internet. To speak of diminishing returns is litotes. For the $40 plus millions already poured down their gullets, nothing. Those millions have not been expended on the work that is required. A small fraction has been squandered on plush clubrooms they call offices, and the rest squirreled away into their wallets. Forty plus millions buys a lot of fighting capacity and a real war against the hard Left. If that lot, Mr. Manners, had been doing the right thing all these decades, then:

- The hard Left would no longer exist

- There would be no Rudd Fascist cabinet

- There would be no venal, unprincipled “Right” destroying the Liberal Party, Liberal causes, and when Liberal Party in office, none of that cretinous lot who laid the foundations for Brackistan and Ruddistan.

You might find those three disasters unpleasant truths, Mr. Manners but you have acknowledged it is the truth of what they have done. Here’s another thing you might worry over:

Have you followed what I have documented of what the Right and their advisers from the IPA and CIS did with the OPA and STO of Victoria? In case you have not Mr. Manners, these bastards turned it into a crime racket and their are many victims in Victoria who have been put through hell while Victorian Politicians and their goon squads, including VCAT, steal their property. What do you call the “return”, Mr. Manners, that the Right and their clunker tanks freely inflicted hell upon many modest Victorians?

I appreciate, Mr. Manners that you might be aggrieved that I published the correspondence between you and Mr. Jackson (Jackson is right, you have insulted him, a fine economist who is feared by the hard left and knows how to fight those treacherous thugs). What is wounded pride compared to what the “Right” have done to many a Victorian, which savagery has been maintained, intensified and extended by the Bracks and Brumby Cabinets? What about modest Australians, Mr. Manners, whose lives have been ruined by the “Right” and their advisers, and now by the treacherous Left? The Right, Mr. Manners, doesn’t give a stuff about destruction of modest Australians, and companies. Their cause is themselves and their bank accounts.

Fundraisers

The Institute of Public Affairs, Centre for Independent Studies, and the HR Nicholls Society, never supported John Howard. The Institute of Public Affairs and HR Nicholls Society even had the hide to blame Howard for the disasters they caused - destruction of the fight for free labour markets and the 2007 election disaster. On lot of these mendacious ingrates, Centre for Independent Studies, had the hide to demand Howard front a fundraiser for them this year.

Lindsay wants to pocket $10m this year. As part of their fundraising extravaganza, the Centre for Independent Studies is holding a stunt euphemistically called seminars on the recession. This lot, as the likes of Woods, McCrann, and Leftists such as Quiggin, are all wise when it is all over. To remind Mr. Manners, Jackson was warning of the recession for over a decade, backed in a solid framework of economic theory, reinforced by his depth of schholarship in history. In 2004 he also predicted for 2008 the financial wobbles.

So, what on earth is the CIS doing? I know. They are trying to protect their backsides over their derelictions, conceal their abysmal economic illiteracy, and pretend to donors they have it all under their thumbs. $10m, Mr. Manners for a pack of yellow frauds.

Money well spent! Heavens, for that extra $10ms., they will buy an Oz version of a Castro. Why settle for that fascist squirt Kevin Rudd and his Cabinet of thugs when a real right scumbag can be purchased by the CIS and IPA. This will cost them a bit of lose change. With the remaining $9,999,000, Greg Lindsay can buy a chalet in Switzerland, to hang his portrait in. These are you pals, Mr. Manners, your guns in action. Stunning stuff. Brilliance writ large.

Consider it Mr. Manners, the “Right” is so principled that they have happily assisted Bracks and Brumby in usurping real rights of Victorians. That, Federal MPs tried to pressure Mr. Howard into overthrowing the right of free speech. That they, as the CIS also made plain, are content to destroy millions of Australians through carbon taxes. This is before considering their other endearing qualities such as cowardice. They happily spit on genuine Liberals but they cower before the hard Left and make every effort to appease them. This, Mr. Manners, is what you fund in the form of the IPA and CIS, a pack of gutless, vicious bums who don’t give a fig about anything but themselves.

This will do for today, Mr. Manners. Why spoil a pleasure by eating it up all at once. However, you should arrive fast at what the header of this item recommends, the faster the better. The Peril is great, Mr. Manners, and those parasites you fund are the reason why Australia is now in great Peril at the hands of the diseased Left.

Is it remarkable that, last Friday, barely two days after winning the US Federal election, Obama and the Stalinist Democrats sent markets in capital funds for investment in the US diving? It’s not nice some times answering rhetorical questions but this time temptation wins. Of course it isn’t. This is a follow up to yesterday’s item.

‘Future expectations…’, to make sure of the meaning it is as well to throw in a clarification. The prices of shares are the sum of expected future earnings. The markets having wiped out the keynesian- Central Banks induced share-market bubble, the falls in US capital markets, commencing friday and continuing today, are due to the appreciation of what the victory of Obama and the Stalinist Democrats means. In driving down share prices, they were not simply stating the future earnings of firms in the US will fall, they will be smashed by Obama and his fellow travelling diseased Leftists. How severely earnings will be smashed is reflected in the telling declaration, there will be a flight of capital out of the US. This should make sellers of US capital funds on the wrong side of nervous called panic - Obama won’t be president until next year!

Australians will not, unfortunately, benefit from thet flight of capital out of the S, due to the cretins in Government, and in the Liberal Party. Peter Costello, it might be added, did his bit to make Australia hostile to capital and its accumulation. Costello, to comfort that big sook, was not alone. The likes of Alston, David Kemp, Ian Campbell, Malcolm Turnbull were with him cry-baby shoulder to cry-baby shoulder. These economic illiterates also paved the way for the Rudd fascist Cabinet - no ifs and buts about it, they did, and so did those incompetent clowns in the Institute of Public Affairs and the Centre for Independent Studies.

The HR Nicholls Society made a singular “jaw-dropping” contribution to the election of that oily, blithering idiot called Kevin Rudd. They made the election of Rudd and the Cabinet of brown panatalooned, dribbling twits a certainty when they thoroughly wrecked the otherwise sound and therefore highly moral campaign for free labour markets. Oh, as for the world’s No.1 economic genius, Peter Costello, he was too stupid to realise that club didn’t have a clue about the true, solid case for labour market reform. Then, why would he reject their comic scripts purveyed as sound advice? Along with those other wreckers of the Liberal Party, and genuine Liberal causes, the Kemp Brothers, Michael Kroger, Senator Nick Minchin and Bob Day, Peter Costello is also one of that club of retarded snails.

A digression

Peter Costello, folks, recently declared on radio a lie told by diseased Leftists. The recession, he explained with all the gravitas and expert judgement he could muster, is George Bush’s fault. Only the congenitally inbred cretins of the Right (if they were a family they’d be thrown into prison on the count of incest) esteem Costello as a brilliant economist. He even had his own media fan club in types like that King of Stuffing Up Adult Affairs, Andrew Bolt, and his fellow kindergarten playmate called Tim Blair.

Tim Blair reckons Turnbull is Rudd’s nemesis and an economic genius too. Those suffering arrested development are, of course, forgiven their naivete and belief in a great big fascist fairy called a Turnbull. Sadly, puffball Turnball doesn’t dwell at the bottom of the garden. Instead, he punished the Liberal Party and taxpayers by buying a precious blue-ribbon Liberal Party seat. Hmmm, it wasn’t simply adolescent petulance that moved Bob Day to spit the dummy, leave the Liberal Party, and join another pack of socialist parasites called Family First.

Having thrown his own moolah at “Rightwing” outfits and the Liberal Party, Day had every good reason to assume he had rightfully bought Downer’s former seat. Mind, Kroger and Costello didn’t buy positions, they let their Toorak Brahman backers buy the entire Victorian Division for them, and then seized total administrative control over it - ably assisted by the likes of the Kemps, Russell Hanan, “Potty Mouth” Barry, and Julian “Iron man Jules” Sheezel (if the sheep’s droppings brained can be called help). Yes, Sir, Day had a point.

Resumed

Those engaged in markets do tell the future, with consistent accuracy, and long range at that. They have every good reason to write off the US under Obama and here’s some more explanations of why:

The coming Obama economic nightmare

This item concludes with a punchy observation that sums up both the venal Right and the diseased Left in Australia and their forays as States’ and Federal Ministers, and their ‘lower caste’ blood extractors in Local Councils:

Argentina’s Obama policy of spreading the wealth sinks the economy:

“If the next president sees private corporations as the class enemy and taxpaying as “patriotic,” and Congress continues to look at private 401(k) assets as a public piggy bank, there’s little doubt the same mess in Argentina could happen here, too. It’s worth thinking about.”

That also sums up Turnbull and his sidekick, Julie Bishop (aspiring world’s greatest treasurer and Phud scientist because, as she declared, straining on the potty is a skill and science is a skill), and not a few dopes enjoying “the long snooze” (move over R. Chandler) in the name of the Liberal Party.

Obama and his fellow Democrats adopt Hoovernomics

The notion that investors will stand stunned rabbit still and wait for the Obama train of treacherous Leftists run over them, is too stupid that only the above sorts of retarded snails could believe it and this not at all implausible. Malcolm Turnbull, David Kemp, the parasites in the CIS, for example, believe as Rudd and his gang of thugs, investors will happily leave their capital in Australia so that this lot can wipe it out with carbon taxes.

Chinese and Indians will benefit and greatly from the expected flight of capital. Switzerland is an excellent destination for capital too. Indeed, in the case of Australia, besides the impact of the RBA caused recession on manufacturing, capital has been shifted into China long before the recession came into view; due to Federal and States’ Governments busily wiping out advantages to producing in Australia over decades. I have in view capital intense maufacturing, and, it follows, it is raising real pay to employees in China. Chinese are becoming wealthier each year, while the parasites, including too many MPs in the name of the Liberal Party, in Parliaments have been about only pauperising millions of Australians. It’s a waste of good spit to spit on these over-indulged bums; the decent simply sink the boots in and break every bone in their pampered, fat bodies.

I’ve watched new entrepreneurs come up with new products and take them to China because of the abuse and larceny committed by Governments under both ALP and Liberal Party administrations - Peter Costello the economic wunderkind! We are talking about enterprises that are genuine free market operations run by real entrepreneurs and their backers and they are all saying Nyet to Australia or, for the benefit of the dumbos in Canberra and States’ Parliament and their goon squads called tax offices:

‘Get stuffed, you rotten bastards’.

A matter of days and investors in US firms are already telling Obama, as President elect only, and the Stalinist Democrat Party not to get stuffed. No, investors are saying something much nastier than that. What all this means is, modest Americans are in for a really hard time. Obama and his gang of larcenous, treacherous leftists will immiserate many. But, hey, treacherous Leftists are no more concerned about the lot of the modest man than are their billionare backers such as Soros and Buffet. They all tell the modest American; “Hand over your property. Now buzz off peasant and die in the hovel you infest.” Funnily enough, Downunder, this is not only the what the diseased Left have long planned for modest Australians, but the venal, unprincipled, cleptomaniacal “Right” have too.

I appreciate our American friends might find it incredible that the “Right” in Australia share so many endearing virtues with the diseased Left but I’m here to tell our friends, it is no exaggeration. Hence, one usually puts “Right” in quotation marks, and asserts the distinction between that lot of snivelling, yellow chisellers from genuine Liberals (never to be confused with what in the US is called Liberal - US Liberals are diseased Leftists, and should not be allowed to violate language by calling themselves Liberals. This, this itself is a lie.).

It’s not clear how bad things will be in the US and I don’t wish to be the cause of too much despair, yet, because there will be enough of it as it is. Besides, as an Australian, one enjoys vomiting daily, thanks to the “Right” and the diseased Left in Australian Parliaments and what the whole pestilential lot of them have done so far, and continue to perpetrate. It’s enough to say, Obama and his chums are a US-wide catastrophe. Our US friends, however, can take solace in this:

Malcolm Turnbull, Julie Bishop, Georgiou, Ryan, Hunt, et al, of the Liberal Party, and Rudd, Swann, Gillard, Fergusen, Crean, Peter Garrett et al of the ALP, are all as bright as retarded snails. So is Obama and his fellow congenital cleptomaniacs.

Secondly, the US has vast numbers of entrepreneurs, many of them concerned to see that the Left is not merely fought, but destroyed. They show they are willing to identify and fund talent/possible talent to do this work. Australia is small, with few billionaire entrepreneurs. This is part of the reason why the “Right” control the Liberal side and keep it in their stranglehold, reinforced by their fellow unemployable bums in the IPA, CIS and HR Nicholls Society, and their fan club in the media - Tim Blair, Andrew Bolt, Janet Albrechtsen, Terry McCrann, Alan Wood, the Devines. There is some good news. That old communard, PP MCGuiness, no longer causes any damage to the Liberal cause, because the ignoramus is dead. Needless to say, Corporate Australia is a very small, clubby world. So the professional, dole bludging “Right” have a very easy time of it steering donors to the doors of their bank vaults while smearing and defaming genuine Liberals and genuine guns, and trasmpling over the top of them. Incredible as it seems, this is what this lot of wallet ticks do.

When it comes to principles, duty, nerve and courage, or their bank accounts and positions, they are happy to see millions of Australians ruined and Australia destroyed. In case some readers believe this is an exaggeration, then, to infer, they have not been following the evidence so far piled up against the venal, congenital idiots whose major accomplishment is to cower before the diseased Left, oblige the fanatical Greens with their wish-list, and concede grave fights to Union thugs and the Rudd led fascists. This is how bright Australia’s “Right” is, how tough they are, how full of fight they are, how principled they are. A man shoots bad, untrustworthy, vicious dogs - so why, Mr. Ron Manners, are you feeding sheep killers, instead of shooting the mongrels?!

See, it’s true, our American friends can find some solace in a dark hour. They are not lumbered with what genuine Liberals and modest Australians are forced to keep. It get’s better for our friends. The treacherous Left will never be annihilated in Australia until the the larcenous Right are wiped out entirely; things are not this dark in the US. In this respect, as an Australian, I feel envious.

Last Friday, Wall Street, share prices tumbled. It wasn’t the financial crisis. The markets have wiped out most of the Central Banks’ keynesian generated bubble and wiped out firms built on nothing more than the funny money pumped out by central banks until late last year. No, US financial markets dropped as the force of the Obama lead US Democrats Party Presidential victory hit home.

Investors future expectations are:

1. Obama’s ‘economic policies’ will kill recovery
2. Destroy capital
3. Will induce a flight of capital out of the United States, a massive flight of capital out of the US.

They see no good future for sinking new capital into the US at all. That is what they firmly stated as they wrote down capital on Wall Street. Americans are in for a very nasty time of it.

A number of investors interviewed late last week wrote down their investments for reason no. 3, pinning it to Obama’s socialist policies - ‘they will grind the US into destitution’. One excellent reason is Obama’s promise to confiscate capital, through capital taxes (to enjoy an orgy of a spending spree - as well as buying the Stalinist Party an additional voting block). Investors in the US are investigating other countries in which to sink precious capital.

Australia could be a beneficiary of that flight but for one objection: the politicians have been strangling economic advantages of production in Australia through regulation and punishing taxation, by ‘each tier of Government’, over decades. This is in addition to wiping out property rights in a manner worthy of Mussolini. Rights in many types of propertry now, at bottom, exist only in name - Henry owns the property. Why, only a couple of weeks ago that boof-headed cretin of the Brumby Cabinet of juvenile, diseased Leftists, Justin Madden, by fiat wiped out more rights of property owners.

For readers unfamiliar with boofhead, he is an ex AFL player who was made wealthy by modest peasants duly handing over club membership fees, buying merchandise, doggedly attending football matches, and firms paying sponsorship to the club he played for. This ignoramus didn’t get wealthy because he’s an entrepreneur. He was made wealthy because of the fans he know kicks in the face.

While wiping out property rights and generally saying hear hear to every totalitarian measure the Bracks and Brumby Cabinets ram down, boofhead whines when AFL clubs’ property developments are opposed and on the grounds of the anti-property rights measures he and his fellow thugs, and their idiot inbred cousins in local councils ram down. To add insult to injury, he sees nothing wrong in robbing Victorians blind to enrich his fellow boofheads and their clubs, and throwing more at all sorts of sports. According to these geniuses, stealing massive amounts of private property and squandering it on sports, and making a lucky few wealthy as the consquence, is generating major economic growth. Not that the congenital idiots destroying the Liberal Party are any better. To the contrary, their only disagreement with Bracks and Brumby administrations is a long standing niggle only - ’spend it on this, instead of that’.

Boofhead, as Bracks, Brumby and the Reverendress Bronwyn Pike has the intellectual agility, depth and breadth of a retarded snail that died in the Simpson Desert half a century ago. This says a great deal about the ‘talent’ occupying precious Liberal seats in the Victorian Parliament and rather many in Federal Parliament are on the same ‘wave-length’ - ah, and so are those buffoons in the IPA and CIS ( who did much to pave the way for the Bracks-Brumby and Rudd administrations - What great ‘guns’ you are funding Mr. Manners, a pack of dole bludgers who have wreaked real carnage in Victoria and Federally).

Having digressed, to continue - and things are no brighter in view of what the States’ administrations and local councils are doing. They keep on doing what they do best, strangling Australians. Now Rudd, and his great central planning schemes, and using the recent ‘financial crisis’ as an excuse to further overthrow free markets and impose Soviet style planning that economically destroyed Russians and millions of East Europeans with them.

The only sound path is for politicians and bureaucrats to cease and desist from pumping down the throats of Australians more keynesian arsenic and do nothing, just get right off the backs of Australians -

Why Keynes is not the answer to the financial crisis Dr Frank Shostak

Monetary policy: Is the fed pushing on a piece of string? Gerard Jackson

Let businesses fail Amit Ghate

There is every prospect the Rudd administration will render Australia hostile to investment. His Fascist aims are solid reasons as it is. Then try his announcement that he will make ‘cartels’ a major crime in Australia. One of his immediate targets is BHP and Rio Tinto and in particular their railway lines. Terry McCrann got this wrong (what else is to be expected from that economic illiterate?) in:

Sharing with foes

BHP’s and Rio Tinto’s railroads are their shareowner’s private property and as part of each company’s capital structure. ‘Cartel-busting’ is rooted in the fiction of perfect competition in which competition is falsely defined as market concentration. Cartel busting is aimed at breaking up economically efficient companies and with it is a destruction of free markets. This is on top of, the Rudd Cabinet is making an obvous attempt to steal private property in the form of those companies’ rail roads. McCrann did not nail any of this at all in his article; it was his usual vapid posturing.

It might be noted that the IPA and CIS have never attacked neither ALP nor, for that matter Liberal Party Ministers for their anti-free market, company destroying ‘anti-cartel’ activism through the ACCC. To the contrary, these clowns have helped governments to impose regulatory strangulation and company busting measures.

Mr. Manners, how can you fund the anti-free market thugs in the IPA and CIS . They are supposed to be free market think tanks. Worse, they are on the take. These slobs take taxpayers money in the form of consultancy fees and abet governments to destroy free markets and companies. They have been doing this for some decades now. Compounding their glaringly obvious defects, the CIS has surrendered any pretence to being a free market think tanks and calls for total economic destruction of Australians through Carbon taxation, and has serious conflicts of interests. Can Mr. Manners explain how all this treacherous thuggery is the height of independent, robust fighting for free markets? Can he explain how their intellectual fraud is the height of solid free market reasoning? Good luck Mr. Manners.

So, the Rudd-Swann road to recovery is:

- Destroy what remains of free markets in Australia

- Grind Australians into the misery through taxation

- Throw the stolen proceeds down the toilet

- Declare successful entrepreneurs criminals for merely being genuine entrepreneurs, unlike, for eg., blood-sucking parasites behind ‘alternative energy’ scams

- Impose Soviet style central planning

To cap things out, finish of Australians entirely, impose capital destroying Co2 taxation, with the support of the morons pretending to be Liberal Party MPs, and the completely gaga who see nothing wrong with betraying Australians and immiserating them the CIS.

What does any sane and reasonable reader genuinely presume the prospects for Australians are? Well, investors in the US are preparing a one way flight out of the US. It can occur here too.

But for its cause, Keynesian snake oil.

When Glenn Stevens, of the RBA, annoucement of a 3/4% rate cut was explained by Treasurer Wayne Swann as strengthening the ‘economy’. Concrete stiffens things too and so does flour in cake mix. There is no such thing as an economy, much less one that resembles a construction site or a bowl of cake mix. Apart from the schizophrenic dimension to Steven’s fix, here’s a fly in the ointment:

What Does Bernanke Really Know about the Great Depression

Stevens doesn’t know much about it either, neither do the clowns in the IPA and CIS .

Turnbull beat his chest (does he have one), declaring, banks should pass it on in full. He explained that they are very profitable and can take losses. He’s an idiot. Sometimes it is difficult to tell who is the biggest drongo, Rudd or Turnbull. Besides, the banks earn only market rates of interest, so whatever Turnbull means by highly profitable is a mystery understood only by him and his fellow twits in politics.

As for Swann’s keynesian prescription, ‘we will spend Australia out of recession’, if this were true then consumers could do the same, but for them reality sinks in quickly. If spending were the way to prosperity, instead of savings, they would spend every cent they earned on shopping sprees and borrow more to shop until they drop. They realise that, sadly, the spending spree way to prosperity leads to life as a tramp. Swann’s prescription is seizing private savings and throwing it down the sewer, and leaves a nastier stench behind, government squander can compound the recession, leaving many Australians far poorer than they need be. Ah, feel the ‘compassion’ and ‘gravitas’ of Statist politicians and their idiot advisers.

Swann is facing a $40b blackhole. Does he mean, therefore, to incurr deficits? Whatever, he opined it is due to a fall in capital gains taxes. What else is to be expected, when firms have been contracting from last year or earleir? The trouble is, capital taxes demolishes capital. This was an axe the Pulitzer prize pillock economist Peter Costello weilded against Australians when he was treasurer. Sacking capital in the good times and pissing the ill-gotten gains up against a wall is very damaging. Then, this is what all parasites are experts in, poisoning bodies. Swann is only about demolishing what little capital remains in Australia. This news will, no doubt, cheer up the diseased Left -no one else but, hard pressed modest Australians can take comfort in it is a source of joy for treacherous Leftists and fascist politicians including Turnbull (they need to feel VIP).

Well, that’s it for the week, and a desultory effort it’s been. It will be rectified on Monday. The irritations will be over tomorrow, leaving next week free to re-enter the blog war with gusto, blood lust up, and in full cry again, and I have a great store of saved up, and it will by jolly fun detonating it. Oh, and yes, Mr. Ron Manners, there is more to write up on your very odd liking for those wreckers of Liberal causes, the CIS and IPA.