Posted on 04/02/2008 5:29:13 AM PDT by fweingart
Instead of worrying about climate change, we should be worrying about economic change, because government imposed prices, i.e., taxes and tariffs on carbon are going to make everything even more expensive. Naturally, it will be Americans who will bear the brung of the increased expenses.
ARTICLE SYNOPSIS:
Inflation of the money supply is making everything more expensive and carbon taxes and tariffs are going to make matters worse.
COMMENTARY:
The Federal Reserve has been dumping cash into the economy just as fast as possible, and more is on the way. On March 28, the central bank announced that it would provide another $100 billion to banks in April. According to CNNMoney.com, the Fed "said it would make $50 billion available at each of two auctions, on April 7 and April 21."
This announced auction is a continuation of extraordinary Fed auctions that began back in December and that the Fed expects to continue for at least another 6 months. Moreover, the Fed's actions go a long way to explaining the rise in prices. How so? When you have a greater supply of something, it becomes less valuable in relationship to other things. If it is money that is in greater supply, then it takes more money to conduct an exchange for any other commodity. With the Fed throwing cash at the economy like there is no tomorrow, we're bound to have rising prices.
This explains the pain at the pump. It isn't that gas is becoming more scarce and, therefore, more expensive. Instead, as the Fed increases the money supply, money becomes less valuable and it takes more of it to buy gas. The same is true across the board with regard to other commodities. Are eggs expensive lately at the grocery store? How about milk? How about bread? Say thanks to the Fed. The trouble is, while prices are going up, paychecks aren't.
What to do? Apparently, if you are a politician, the answer is to try to find a way to make things even worse. Jeff Rubin, chief economist with investment bank CIBC World Markets, points out that the U.S. presidential candidates all seem to favor increasing one type of tax. Speaking to Canada's National Post, Rubin noted: "If you look at the McCain platform, the Obama platform or the Clinton platform, irrespective of who captures the White House, the next administration is going to impose a price on carbon."
The reason for the imposition of a government-regulated price on carbon (and when is a government-regulated price on anything ever a good idea?) is, of course, to fight global warming. And global warming, all scientists agree, is a substantial problem we must fight, right? Not exactly. Despite the hype, there is no consensus among scientists. As University of Alabama climate scientist Roy W. Spencer points out in his new book entitled Climate Confusion, of 530 scientists surveyed, only "about one-half" thought that climate change is man made. Says Spencer: "That doesn't sound like the science is settled to me."
Naturally, the politicians are going to create a "solution" for a problem that no one agrees actually exists. As you might guess, this is probably a recipe for disaster. Instead of worrying about climate change, we should be worrying about economic change, because government imposed prices, i.e., taxes and tariffs, on carbon are going to make everything even more expensive.
Naturally, it will be Americans who will bear the brunt of the increased expenses. Says economist Rubin: "At least initially, before other carbon-compliant sourcing can be found, it will be U.S. consumers who will have to bear the ... burden in higher import prices."
And these political leeches would impose a price on carbon!
What an arrogant bunch. Pathetic.
http://sniff.numachi.com/pages/tiJONBIRCH.html
The John Birch Society
(Michael Brown)
Oh we’re meeting at the courthouse at eight o’clock tonight
You just come in the door and take the first turn to the right
Be careful when you get there, we’d hate to be bereft
But we’re taking down the names of everybody turning left
‘Cause we’re the John Birch Society, the John Birch Society
Here to save this country from a communistic plot
We’re the John Birch Society, help us swell the ranks
To get this movement started, we need lots of tools and cranks
Now there’s no one that’s certain that the Kremlin doesn’t touch
We think that Westbrook Pegler doth protest a bit too much
We only hail the hero from whom we got our name
We’re not sure what he did, but he’s our hero all the same
Join the John Birch Society, the John Birch Society
Socialism is the ism dismalist of all
Join the John Birch Society, there’s so much to do
Have you heard they’re serving vodka at the W.C.T.U.
Well you’ve heard about the agents that we’ve already named
Well M.C.A. has agents that are flatly unashamed
We’re after Rosie Clooney, we’ve gotten Pinky Lee
And the day we get Red Skelton won’t that be a victory
For we’re the John Birch Society, the John Birch Society
Norman Vincent Peale may think he’s kidding us along
But the John Birch Society knows he spilled the beans
He keeps on preaching brotherhood, but we know what he means
We’ll teach you how to spot ‘em in the city or the sticks
‘Cause even Jasper Junction is just full of Bolsheviks
The CIA’s subversive and so’s the FCC
There’s no one left but thee and we, and we’re not sure of thee
Oh we’re the John Birch Society, the John Birch Society
Here to save our country from a Communistic plot
Join the John Birch Society, holding off the Reds
We’ll use our hands and hearts, and if we must, we’ll use our heads
BRIDGE: (O beautiful, for spacious skies, for amber waves of grain)
spoken: Friends, do you want Justice Warren to be your Commissar?
Do you want Mrs. Khrushchev in there with the DAR?
You cannot trust your neighbors, or even next-of-kin
If mommy is a Commie then you gotta turn her in
To the John Birch Society, the John Birch Society
Fighting for the right to fight the right fight for the right
Join the John Birch Society, as we’re marching on
We’ll all be glad to see you when we’re meeting in the John
In the John, In the John Birch Society
NOTES:
The songbook states that some Bircher’s used the song themselves, and saw it
in a positive light. And don’t forget the organization dedicated to the
preservation of wooden toilet seats - The Jack Ash Society.
- Copyright: 1961, Sunbeam Music Corp, New York
- Source: The Mitchell Trio Songbook, Quadrangle Book (1964)
- Chad Mitchell Trio, At The Bitter End, Kapp: KL-1281, KS-3281, PKS-6002
- Chad Mitchell Trio: The Best Of, Kapp: KL-1334, KS-3334
Why not? It is an approved source. Just because the Birchers supported Ron Paul does not make them subversive. Au contraire!
Anything to say about the article?
Because they are certifiable and have done great damage to the conservative cause by being the most obvious example on nuttery on the right.
Cite an example, or two, or three.
I never thought I’d agree with anything from the JB society. Wow !
They are, however, wrong. They are not factoring in the destruction of debt by all the writedowns. I believe the total so far in writedowns is approaching $240 billion, with much more to come.
At that rate the Fed is not replacing the destroyed money fast enough.
CHANGE???? DIMS DELIVERED!!!!!!!!
This is a good reminder of just how the Demograft Party delivers on the promises of their candidates!
A little over one year ago:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon; (Hillary, and the Dem’s were going to “fix” this, remember?)
3) the unemployment rate was 4.5%.
Since voting in a Democratic Congress in 2006 we have seen:
1) Consumer confidence plummet;
2) the cost of regular gasoline soar to over $3.50 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.
7) The value of the U.S. dollar has plummeted.
8) oil price, doubled.
9)job expansion? OVER, and now going backward.
)10Groceries up 70 dollars on average per month.
America voted for change in 2006, and we got it!
Looks like the job your beloved mainstream media has done on the JBS for decades has been quite effective.
Folks like you were laughing at the JBS and its leadership — like the late conressman Larry McDonald — for DARING to say in public that the things we now see happening were going to come to pass under Democrat OR Republican administrations.
My favorite bumper sticker is “LOOKS LIKE THE BIRCHERS WERE RIGHT!”
They were — and they are.
And the country you profess to love will soon be TOAST!!
“Tragedy & Hope” Carroll Quigley, Macmillan Co, NY 1966 Partial pages 949-950
The radical Right version of these events as written up by John T. Flynn, Freda Utley, and others, was even more remote from the truth than were Budenz’s or Bentley’s versions, although it had a tremendous impact on American opinion and American relations with other counties in the years 1947-1955. This radical Right fairy tale, which is now an accepted folk myth in many groups in America, pictured the recent history of the United States, in regard to domestic reform and in foreign affairs, as a well-organized plot by extreme Left-wing elements, operating from the White House itself and controlling all the chief avenues of publicity in the United States, to destroy the American way of life, based on private enterprise, laissez faire, and isolationism, in behalf of alien ideologies of Russian Socialism and British cosmopolitanism (or internationalism). This plot, if we are to believe the myth, worked through such avenues of publicity as The New York Times and the Herald Tribune, the Christian Science Monitor and the Washington Post, the Atlantic Monthly and Harper’s Magazine and had at its core the wild-eyed and bushy-haired theoreticians of Socialist Harvard and the London School of Economics. It was determined to bring the United States into World War II on the side of England (Roosevelt’s first love) and Soviet Russia (his second love) in order to destroy every finer element of American life and, as part of this consciously planned scheme, invited Japan to attack Pearl Harbor, and destroyed Chiang Kai-shek, all the while undermining America’s real strength by excessive spending and unbalanced budgets.
This myth, like all fables, does in fact have a modicum of truth. There does exist, and has existed for a generation, an international Anglophile network which operates, to some extent, in the way the radical Right believes the Communists act. In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960’s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments.
“Anything to say about the article?”
Yes. I think the punctuation was immaculate.
“Anything to say about the article?”
Even a blind squirrel finds the occasional nut...
Indeed they are.
Even so, you're wasting your time.
...with that dimwit.
“...a quart of wheat for a day’s wages, and three quarts of barley for a day’s wages...”
“Are you now,
or have you ever been,
a member of the Communist Party USA?”
JBS has been warning of the coming socialist/coomunist onslaught for years, but because the MSM laughed, so did most readers.
And though the MSM media has brainwashed the common man into believing the the JBS is nothing but kooks...
Well...read FR for a few days...most conservatives believe that our current POTUS hopefuls are all socialists...and a socialist is merely an immature communist who hasn’t realiszed his need for firemarms to enforce the state mandated and state benefitting charity and control system.
JBS is, IMO, more right than wrong.
And no...I do not support Ron Paul.
Well yes, oil is NOT becoming scarce, but this explanation is incorrect/incomplete. A few years back the fed was still raising rates (taking money out of the supply) and yet the dollar was falling. Russia and Iran's refusal to accept dollars for oil, is a more likely cause for the dollars demise. Someone on another thread pointed out that 1n 1964 you could use a quarter to buy a gallon of gas, that same quarter (90% silver, worth about $3.40 now) would today buy.....one gallon of gas! Indicating stability in prices of gas, and nasty inflation of the dollar.
I know a few card carrying Birchers right here in America’s Vancouver, and you can take it from me that they really are a bunch of Kooks, with a Capital “Koo”, and prove it with every letter to the Editor they write along with their frequent public tirades against all of “THEM” who are making decisions in “Smoke Filled Back Rooms”.
And they aren’t for Ron Paul either...
If you plot groups like the Birchers on a Bell Curve of Left vs Right Political Extremism, they would be balanced nicely way over on the Left by groups like Code Pinko, MoveOn, and others.
How about the notion that General Eisenhower was a knowing agent of the international communist conspiracy?
Thanks for the reminder that conspiracy theory didn’t begin with the JFK assassination.
I thought fluoride in the water supply was a communist plot. Eisenhower was in on it?
...and we have our suspicions about you as well Mr. Bilderberger.
Jeez, I really didn’t mean #23 to sound that creepy. I was merely trying to imitate a Bircher, honest.
“Trying” to imitate? How do I know that you are not operating under a false flag? /tinfoil
28 million people on food stamps.
Approved like Lyndon LaRouche? Sorry. Adds instant NON-credibility to any argument.
...bunch of right-wingers!
Who, strangely enough, hold the exact same values as 90% of what is posted right here on good ol’ freerepublic.
...matter of fact, the talk about “THEM” is fairly prevalent around here too! Yeah...and even at freerepublic, most of the members believe that socialists and communists are trying to take over our nation!
odd.
we must all be kooks too.
So. This article, according to your wisdom, has merit.
I’m with you, Wolly One!
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