Free Republic

At the Washington Post, Jennifer Rubin this weekend highlighted a video of Rand Paul speaking in 2012 about sanctions on Iran. In it, Paul disparages the notion of use of force, and for some reason claims the United States was partly to blame for World War II! “There are times when sanctions have made it worse. I mean, there are times .. leading up to World War II we cut off trade with Japan. That probably caused Japan to react angrily. We also had a blockade on Germany after World War I, which may have encouraged them … some of...

So while nobody knows the future we still need to know what to expect from the week's two big headlines, even though our view can easily (and will probably) be muddied w/ other factors.  So we deal with an unknown future by checking the historical record for clues on at what the news means to our future investment returns.  What oil bargains do:  namely, what's it doing to the economy and to investments; here's what tanking oil's done in the past (ya gotta LOVE the fed's data site) and how real oil prices (2014$ per barrel) track real GDP-- [click...

We all know that the American energy revolution, led by the new technologies of hydraulic fracturing and horizontal drilling, has created a flood of new shale-oil and natural-gas production that has overwhelmed world markets and driven prices down by roughly 40 percent. End-of-week crude oil closed near $57 a barrel, and the national average gasoline price finished at $2.60. No matter what the naysayers are trying to sell, the new energy reality is unambiguously good for the U.S. and global economies. There may be some dislocations among countries, sectors, or companies, but the overwhelming impact is positive. In fact, the...

TOKYO — Angelina Jolie’s new movie “Unbroken” has not been released in Japan yet, but it has already struck a nerve in a country still wrestling over its wartime past. The buzz on social networks and in online chatter is decidedly negative over the film, which depicts a U.S. Olympic runner who endures torture at a Japanese prisoner-of-war camp during World War II. Some people are calling for a boycott of the movie, although there is no release date in Japan yet. It hits theaters in the U.S. on Dec. 25. Others want the ban extended to Jolie, the director...

Once upon a time, the world's biggest government pension fund, Japan's $1.1 trillion Government Pension Investment Fund, or GPIF, was apolitical, and merely focused on preserving the people's wealth. Then everything changed, and with the reckless abandon of a junkie on a crack cocaine binge, aka Abenomics, the GPIF management was kicked out, and its entire mandate was flipped from preserving wealth, to gambling on #Ref! P/E stocks, in hopes of recreating the wealth effect of the super-rich (the only problem: Japan has reached its breaking point and the higher the USDJPY, and thus the Nikkei rises, the more...

WASHINGTON – In a speech at the Heritage Foundation on Wednesday that sounded like the first foreign policy address of a presidential campaign, U.S. Sen. Ted Cruz, R-Texas, called for a return to the international politics of President Ronald Reagan. Cruz contrasted Reagan’s approach with the Obama-Clinton policy of not putting distance between the U.S. and traditional allies, such as Britain and Israel, in the hope of “domesticating” long-standing enemies such as Russia and Iran. “This backfired,” Cruz argued. “The end result is that Churchill is no longer welcome in the Oval Office. He recalled one of Obama’s first acts...

My children of light you have arrived for you abide in My presence in Zion yet many remain earthbound in distractions. Therefore throw off these hindrances "yeah" fast the earth for though I am coming I have already arrived in "you" My Zion on earth. You see as you strip your wellspring of earthly desires Heaven arises in you in all the fullness of The Godhead and it is then My will "is" done. Let there be freedom for My Spirit to "speak" to you of new things and allow Me to bless you through your obedience to My Voice...

At dawn on Dec. 7, 1941 the I-26 surfaced and fired a warning shot at the Cynthia Olson, the radio officer sent out an SOS from position 33.42N-145.29W which was picked up on the mainland and Minoru reported seeing lifeboats being lowered, after which he began to shell the ship. Some time during the attack the Japanese commander received the signal "Tora, tora, tora!" indicating the surprise attack on Pearl Harbor had been a success. Compaired to what was going on at Pearl Harbor his attack would be easy. Since the Cynthia Olson was unarmed she would offer no resistance,...

TOKYO (Reuters) - Japan's economic contraction in July-September was deeper than initially expected on declines in capital expenditure, according to revised data on Monday that backs Prime Minister Shinzo Abe's recent decision to delay a second sales tax hike. The data indicated that the hit from April's sales tax hike turned out to be bigger than expected. Abe, who has called a snap poll for Sunday, hopes voters will agree that his stimulus policies and a decision to delay a second sales tax hike next year will revive a sputtering economy.

China and Russia are no more impressed with empty bluster today than Japan was in 1941. The Roosevelt administration once talked loudly of pivoting to Asia to thwart a rising Japan. As a token of its seriousness, in May 1940 it moved the home port of the Seventh Fleet from San Diego to Pearl Harbor — but without beefing up the fleet’s strength... --snip-- Being weak is sometimes dangerous. Being loud, self-righteous, and weak is always very dangerous indeed.

In the 1920s, Japan began to translate its growing economic might — after a prior 50-year crash course in Western capitalism and industrialization — into formidable military power. At first, few of its possible rivals seemed to care. America and European colonials did not quite believe that any Asian power could ever dare to threaten their own Pacific interests. Japan had been a British ally and a partner of the democracies in World War I. Most of its engineering talent was trained in Britain and France. The West even declared Japan to be one of the “Big Five” world economic...

Password guessing The U.S. intelligence community has launched a multi-year research project to develop a superconducting computer, awarding its first contracts to three major technology companies.IBM, Raytheon BBN and Northrop Grumman won the contracts, the Intelligence Advanced Research Projects Activity said Wednesday, without disclosing financial details.If it works, the Cryogenic Computer Complexity (C3) program could lead to a new generation of superconducting supercomputers."The energy demands of today's high-performance computers have become a critical challenge for the Intelligence Community that the C3 program aims to address," IARPA said in a statement. Such computers use massive amounts of energy.Competition from Europe, Japan...

Autumn,1942: It came down to one Marine, and one ship. October 26 falls on a Thursday this year. Ask the significance of the date, and you're likely to draw some puzzled looks -- five more days to stock up for Halloween? It's a measure of men like Col. Mitchell Paige and Rear Adm. Willis A. "Ching Chong China" Lee that they wouldn't have had it any other way. What they did 58 years ago, they did precisely so their grandchildren could live in a land of peace and plenty. Whether we've properly safeguarded the freedoms they fought to leave us,...

Of all the memorable dates of World War II, this one somehow got lost in the jungle. Remember Aug. 7, 1942? Quiz your friends. Note the silence. To veterans who landed 60 years ago today on the Pacific island of Guadalcanal, it is a silence almost as eerie and inexplicable as the quiet of the early hours of their raid -- the first U.S. offensive of the war. "So many people today don't even know what Guadalcanal is," said Rudy Bock, 82, of Overland Park, who stormed in with fellow Marines and caught the Japanese with their guns down. "You...

I probably blew the format for starting a thread...and didn't see posted elsewhere. A true hero has moved on. My 56 year old self just went outside, faced the sky, and offered the best salute I've snapped in 35 years. Rest In Peace, Mitch....proud and honored to have had your aquaintance.

On this day in 1942, the U.S. 1st Marine Division begins Operation Watchtower, the first U.S. offensive of the war, by landing on Guadalcanal, one of the Solomon Islands. On July 6, 1942, the Japanese landed on Guadalcanal Island and began constructing an airfield there. Operation Watchtower was the codename for the U.S. plan to invade Guadalcanal and the surrounding islands. During the attack, American troops landed on five islands within the Solomon chain. Although the invasion came as a complete surprise to the Japanese (bad weather had grounded their scouting aircraft), the landings on Florida, Tulagi, Gavutu, and Tananbogo...

, Calif.(Nov. 23, 2003) -- A quiet chill settled over the Riverside National Cemetery. Six Marines gripped the polished metal rails of a casket. They moved in unison, carrying the flag-draped coffin for one final honor for a Marine hero. Col. Mitchell Paige, recipient of the Medal of Honor, was laid to rest near the Medal of Honor Memorial here Sunday. Hundreds of mourners turned out to watch as an honor guard and honor platoon from 2nd Battalion, 7th Marine Regiment based at Marine Corps Air-Ground Center Twentynine Palms, the 1st Marine Division Band and Lt. Gen. James T. Conway,...

This Day In History | World War II August 7 1942 U.S. forces invade Guadalcanal On this day in 1942, the U.S. 1st Marine Division begins Operation Watchtower, the first U.S. offensive of the war, by landing on Guadalcanal, one of the Solomon Islands. On July 6, 1942, the Japanese landed on Guadalcanal Island and began constructing an airfield there. Operation Watchtower was the codename for the U.S. plan to invade Guadalcanal and the surrounding islands. During the attack, American troops landed on five islands within the Solomon chain. Although the invasion came as a complete surprise to the Japanese...

Hope you have a nice Fourth of July. Maybe you'll watch the fireworks, grill a few hot dogs, give a little thanks to those keeping watch — now and then. Dave Cohea knows where he was on the Fourth of July in 1944: on board the USS Boston, which was shelling the island of Iwo Jima, softening it up for invasion the following spring. The Boston was Cohea's second ship, the first having been blasted out of the water 18 months earlier at Guadalcanal. "We were torpedoed. The ammo blew up, and fuel was all over me," says Cohea, 85,...

Marine Corps Air Station Iwakuni - 10,409 miles, 6,500 gallons, 11 days, 10 islands and nine people. Add up the numbers and it equals a once-in-a-lifetime experience. Marines here embarked on the 11-day expedition Aug. 3 to various locations across the Pacific to commemorate the Marine Corps 67th anniversary of World War II’s Guadalcanal campaign. The nine Marines were able experience to witness and experience firsthand what was left of seven historic battle sites, including Saipan, Guadalcanal, Tarawa, Peleliu, Guam and Iwo- Jima.