Dreams of Prosperity and an Inflated Currency


I actually comprehend little when it comes to economics and numbers. But history is easier to grasp. History informs us a Capitalist based Market System has enabled a Liberty-minded America to prosper more than the fail. While oppositely a Socialist based Government Managed System robs Liberty from citizens stifling individual prosperity and increasing government despotism and oppression.

 

Though I have difficulty grasping the actual effects of a repo (buyback) stocks market on the economy I grasp well that an unrestrained Federal Reserve with near zero checks and balances adds to government despotism and decreases Liberty and Freedom of America’s individual citizens. And so … here are Justin Smith’s thoughts on American Markets and the actions of the Federal Reserve.

 

JRH 10/10/19

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Blog Editor: Rather than capitulate to Facebook censorship by abandoning the platform, I choose to post and share until the Leftist censors ban me. Recently, the Facebook censorship tactic I’ve experienced is a couple of Group shares then jailed under the false accusation of posting too fast. So I ask those that read this, to combat censorship by sharing blog and Facebook posts with your friends or Groups you belong to.

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Dreams of Prosperity and an Inflated Currency

Congressional Warning Bells Are Silent

 

By Justin O. Smith

Sent  10/8/2019 10:42 PM

 

Long before we wake up from our dream of prosperity through an inflated currency, our gold, which alone could have kept us from catastrophe, will have vanished and no rate of interest will tempt it to return.” U.S. Senator Elihu Root (R-NY) 1913

 

The Federal Reserve Bank has been a bone of contention, since our nation’s founding. This rogue agency has proven itself to be the evil entity that many early American leaders believed it to be, but not one word on the Fed was forthcoming, when Congresswoman Maxine Waters announced the schedule of the House Financial Services Committee on October 3rd, after the Federal Reserve Bank started transferring billions of dollars into the Repurchasing Market on September 17th. This activated its proposal to hand seventy-five billion dollars a day to unnamed banks on Wall Street, until November 4th, the first such intervention since the 2008 economic collapse and the bailout of financial organizations deemed “too big to fail”; and, it is just one more criminal act in a long line of abuses committed against all America.

 

In 2011, James Felkerson wrote in an academic piece, that from 2007 to 2010, the Fed had funneled an unbelievable $29 trillion in revolving loans to Wall Street and global banks. It did this without any apparent realization and authority from Congress, even though by law both the House Financial Services and the Senate Banking Committees are to be briefed on any such emergency loans, including the names of those banks taking the loans.

 

[Blog Editor: I am not an economist. In trying to make sense of the repo market and reverse-repo market the information muddied rather than bring clarity to my understanding. Since it is my mantra that Dems lie and deceive I become skeptical when the likes of Dem candidates for President (e.g. Elizabeth Warren & Bernie Sanders among others) begin to rail against the buyback repo markets. I’ll start with an explanation of repo markets then add some criticism titles for you to look noting who the critics are:

 

 

 

 

 

 

Like I said, I am no economist. BUT the tax issue seems less about taxpayers funds and more about banks and corporations taking advantage of tax breaks to expand money returns which may or may not blow up DEPENDING on the security controls of the money-printing Federal Reserve. Not being an economist means my take could be entirely off basis.]

 

These Big Banks and corporations are taking this “free” taxpayer dollars and buying back stocks in their own companies, rather than risk investment in productive investments, which creates an illusion of economic growth. The purchases give companies the appearance of being more profitable than they actually are, even though their earnings have remained stagnant. And it is the Fed’s perverse incentives that have given rise to this debt-dependent speculative system that allows companies to pocket their profits, while at the same time, they socialize their losses and pass them along to the taxpayer, ‘We the People’.

 

In 1832, President Andrew Jackson, extremely antagonistic towards the Bank of the United States, stated: “Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching You for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin [a] thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, I will rout you out.” [Bold-Italics Blog Editor’s]

 

We are currently witnessing a continuation of the malinvestments that led to the 2008 economic collapse and massive loans combined with another huge expansion of credit. When banking institutes issue huge credit lines, any future economic collapse is proportional to that amount of outstanding credit.

 

This isn’t a true “boom economy” and the current boom is the culmination of monetary inflation and an expanded credit cycle, in the wake of the residential property and stock market booms, between 2005 and 2007, and malinvestments that have not yet been fully corrected. To date, this is by far a larger credit elevation than that of 1922-1929, and the Great Depression on the 20th century.

 

It seems as though everyone in America has bought into the promise of applied macroeconomics, refusing to acknowledge the contrary signals through the prism of classic economics, while they accept macroeconomist premises that economic truths on a micro-level are not applicable to the whole at the macro-level. This level of ignorance will soon prove to be a huge mistake, since nobody can live forever beyond their means and ability to repay amounts owed.

 

One should note that the JP Morgan Bank, one of the largest in the United States, was hit with three felony counts under the RICO Act last month, concerning the precious metals market. This is particularly alarming in light of JP Morgan’s $158 billion cash reduction in the Federal Reserve, between January and June of 2019, a fifty-seven percent decline this year.

 

Why hasn’t the need of the United States’ largest bank to acquire such a large loan over a six month period raised any warning bells in Congress? Why does JP Morgan need such a large loan if it has $1.6 trillion in deposits and a “fortress balance sheet”, as asserted by JP’s CEO, Jamie Dimon?

 

By the end of June 2019, America’s four largest banks had a combined $5.45 trillion in deposits: JP Morgan claimed $1.6 trillion; Bank of America claims $1.44 trillion; Wells Fargo posts $1.35 trillion, and Citibank holds a bit over $1 trillion.

 

So why the current panic at the Fed? If the liquidity doesn’t exist to allow these banks to issue billions in loans, when they supposedly hold $5.45 trillion, something very serious has occurred in the financial industry and another economic crisis looms on the horizon.

 

Recently, CNBC reported that U.S. manufacturing purchasing managers’ index was the lowest it’s been since June 2009, at 47.8 percent, and in recent days, many hundreds of Americans have been laid off from companies, such as Kroger and many others. Bayou Steel just laid off 376 workers, according to Market Realist; Daimler Trucks North America is laying off 450 people; WeWork is set to end five thousand jobs, one-third of its workforce; Hewlett Packard Inc is cutting approximately 8,000 positions, and lets not forget that Walmart was forced to close 63 locations last year.

 

This isn’t a “boom economy” anyway one looks at it, especially when we see Democrats and Republicans alike engaging in out-of-control deficit spending, as if the U.S. Treasury is their own personal piggy bank and there is no tomorrow. If this were truly such a golden period of economic recovery, our financiers wouldn’t be clamoring for interest rate cuts, when they are already at historically low levels.

 

America has seen this greed motivated reach for more and more before, as the borrowers seem not to have one care on how their loans will be repaid, and most of America cares not so long as they get their cut. It is this extreme callous character flaw and apathy and a complacency and the turning of a blind eye by corrupt Congressmen, a national immorality, that is allowing the Fed to once more bail out the worse white collar criminals on Wall Street, as they continue to take huge portions of bail out funds to reward themselves with tens of millions of dollars in bonuses and billions of dollars to lawyers to prevent them from being prosecuted for fraud.

 

It is an indication of America’s collective genius or its collective madness that permits Her people to hold so many contradictory assumptions, combined under the same economic system, and blindly and blithely proceed as if they were all joined by perfect cogent thought, logic and reason. And yet, many Americans cannot escape the nagging feeling that something is going extraordinarily wrong, as our best and brightest economic experts call madness “common sense”, denying that their deal with the devil doesn’t come at some terrible price eventually.

 

The impeccable and brilliant Senator Elihu Root strongly opposed the Federal Reserve Act in 1913, noting in a blistering and prescient manner that “the Federal Reserve … provides an expansive currency, not an elastic one”. He noted that the temptation to expand the currency would cause the Fed to create the very cycles it was supposed to prevent.

 

It is far past time to eradicate the Federal Reserve Bank and the economic sickness that accompanies centralized banking, wherever one finds it.

 

Whatever a man sows, so shall he reap. Need little, want less and love more.

 

By Justin O. Smith

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Blog Editor: Rather than capitulate to Facebook censorship by abandoning the platform, I choose to post and share until the Leftist censors ban me. Recently, the Facebook censorship tactic I’ve experienced is a couple of Group shares then jailed under the false accusation of posting too fast. So I ask those that read this, to combat censorship by sharing blog and Facebook posts with your friends or Groups you belong to.

___________________________

Edited by John R. Houk

 

Source links and text embraced by brackets are by the Editor.

 

© Justin O. Smith

 

Trump-Pelosi Budget and Fiscal Sabotage


I have to be honest. Working with the reality of numbers often hurts my brain. I’m not good at. Justin Smith seems to have a great grasp of number realities when it comes to deficit spending, the National Debt, Gross Domestic Product and the need of a Balanced Budget.

 

Justin is displeased with the results of the Trump Administration/Pelosi budget agreement and urges a Presidential veto. No matter how much the numbers are painful, the inevitable result will be catastrophic if this Federal accounting disparities continue.

 

However, the realities of America’s political divide demonstrated by near even splits of opposing ideologies in Congress means neither the Socialists nor the fiscal Conservatives will get what they want. Perhaps an idiotic budget compromise keeps the government operating rather than frozen. EVEN THOUGH it’s doom and gloom, if voters DO NOT opt soon for fiscal responsibility a national catastrophe will occur.

 

Trump’s hands are tied by political realities, if voters want a different outcome untie divisive politics – OR ELSE.

JRH 7/26/19

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Trump-Pelosi Budget and Fiscal Sabotage

A Coward’s Financial Agreement

 

By Justin O. Smith

Sent 7/25/2019 7:06 PM

 

A coward’s financial agreement is the phrase that best describes the budget deal recently agreed upon by President Trump and Speaker Nancy Pelosi, that just passed the House with a vote of 284 to 149 at 2:14 CST on July 25th, since it avoids any real battle over government spending by suspending the debt ceiling until July 2021. It raises spending caps and lifts the debt ceiling in the name of avoiding a fiscal crisis, but in reality and ignoring any lessons from 2008, this explodes U.S. debt in a way never seen in U.S. history, and it exhibits President Trump’s willingness to meekly surrender to another massive expansion of the federal budget, that creates a short term political “win” for the DC Establishment of both parties and a long term loss for the American people.

 

This deal received 65 Republican votes, and it spends $2.7 trillion over the next two years. It commits President Trump to signing spending bills that add $320 billion above spending limits set in a 2011 agreement that established automatic spending cuts. This Pelosi Dream Deal also says there will be absolutely no limit on how much new debt the federal government can accumulate between now and July 31rst 2021.

 

The Washington Post was absolutely correct, when it recently wrote that the budget and debt deal would not contain actual spending cuts, since the $150 billion in new spending cuts demanded by White House budget director Russell Vought soon materialized as only [about] 70 billion in actual cuts, that don’t go in effect for ten years and are likely to be reversed by Congress at a later date. This marks a retreat for the White House.

 

Reported by the Wall Street Journal, Maya MacGuineas, president of the Committee for a Responsible Federal Budget, stated on July 22nd: “This deal would amount to nothing short of fiscal sabotage.” [Blog Editor: I found quote at USA Today]

 

And yet, rather than debate the most serious issue of the day and seek real solutions, the cowards of both parties hid behind “bipartisanship”, in an erroneous, corrupt and wrong-minded fashion, and cooperated to serve their own personal political interests, as DC’s supposed “elite” elected class.

 

Our current National Debt Ratio to the Gross Domestic Product has averaged right at 100 percent, between 2010 and the present. This is even higher than the 94 percent [average] the nation saw between 1944 and 1950.

 

Incredibly, the federal government spent $3,355,970,000,000, in the first nine months of this fiscal year, while running a $747,115,000,000 deficit. President Trump’s Treasury is currently issuing U.S. dollars faster than it did in fiscal 2009 — even when adjusted for inflation — when President Bush signed the bailout legislation for failing banks and President Obama signed a Stimulus bill focused on ending our economic recession.

 

Noted by The Hill, grave concerns on the economy were expressed by the Congressional Budget Office on July 23rd [Blog Editor: I could not confirm a 7/23/19 date, the links in thos paragraph relate to a 6/25/19 date], and the CBO wrote in its budget projection that U.S debt is on track to increase from 78 percent of the GDP to an “unsustainable” level of 144 percent of the GDP over the next thirty years, even if spending caps aren’t lifted and taxes are raised. Now, with the passage of this bill, we are on track to see the debt rise to 219 percent of the GDP, unless President Trump can be persuaded to send the bill back with a demand that more actual spending cuts must be made.

 

Representative Chip Roy (R-TX) was upset with President Trump for negotiating through Treasury Secretary Steve Mnuchin, rather than Office of Management and Budget Director Russell Vought. As reported by the Wall Street Journal, Roy exclaimed, “The president should be listening to (White House Chief of Staff) Mick Mulvaney and Russ Vought, and he should not be listening to Steven Mnuchin, period.” Roy added that “Senate Republicans will never find a corner where they can go and hide”, implying that Senate Republicans are untrustworthy regarding fiscal responsibility.

 

Once consumed by fiscal worries, this coward’s agreement is one more sign that makes it more than clear, both houses of Congress and both the Democratic Party and the Republican Party have become Big Spenders, and Congress is no longer concerned about the extent of the budget deficits or the debt they add. The DC Establishment no longer cares, even as our national debt hits one trillion annually and rapidly approaches $23 trillion.

 

According to the Washington Post, Senate Majority Leader Mitch McConnell (R-KY) recently stated: “Nobody has lost an election by spending too much money”, in regard to Chief of Staff Mick Mulvaney’s effort to pay for the spending deal.

 

After the last massive spending deal, President Trump vowed never to sign another one. And yet, here he is again, at the ready and far too willing. He just keeps confirming to the American people that he really is a Big Government Guy and a Big Spender.

 

Today, America barely hears any objections over the exorbitant debt. When Trump campaigned in 2016, he bragged about his ability to prosper from his own debt. He told CNN, on May 4th 2016: “I’m the king of debt. I love debt.” … adding the next day … “if the economy crashed, you could make a deal … if the economy was good, it was good … you can’t lose.”

 

But that’s not just the reality of matters for most Americans who live paycheck to paycheck, and it is just not smart for anyone or any nation to accumulate debt; at some point another bubble will burst in our economy, since Wall Street hasn’t stopped any of the bad business practices that caused the 2008 crisis. And, an economic collapse of 2008 magnitude will pale in comparison to the coming economic catastrophe that deals such as this one are sure to create. Most of our national debt has been monetized, and any bailout for the American people will be virtually non-existent.

 

Niall Ferguson, senior fellow at Stanford University’s Hoover Institute, has warned that empires fall when interest on their debt equals what they spend on defense. According to the Office of Management and Budget, this will happen around 2024. If interest rates increase, it could arrive much sooner.

 

Unfortunately, America is currently a nation focused on instant gratification, selfishness and greed, and seems oblivious to the dangerous path it is on. Whether or not the nation can afford all the current government benefits, plus the desired additional costs of free university educations and free healthcare for all, and even though our credit card is maxed out, Americans seem intent on voting for politicians who promise to borrow money to give them what they want.

 

Everyone would do well to recall that in Psalm 37:21 it says, “The wicked borroweth, and payeth not again: but the righteous sheweth mercy, and giveth.”

 

Noting that Congress’s out-of-control spending “is ripping off the American family”, former Congressman Dave Brat recently delivered the following observation to Tony Perkins at Washington Watch, as he looked across the Atlantic: “There’s evidence you can be pathetic for a long time. And the evidence is called Europe. … eventually … debt will impinge on your economic growth rate as it has been. And what’s really missed in the point is it’s intergenerational theft. And I mean that quite literally. We are stealing from our kids and the next generation to the extent that our deficit is $1 trillion. We’re spending $1 trillion and getting the goods from it right now — and the kids are going to have to pay for [everything] we’re consuming. And so it is literally theft. So they’re going to have to work hard, pay their taxes, get tax increases, pay off the debt, and pay all their own personal bills for our runaway spending binge.”

 

America has embraced reckless spending and She doesn’t even pretend to repay what She owes. She incurs more debt daily at an unprecedented rate and most of Her current leaders do not acknowledge that this is even a problem. And so, if our leaders have one shred of human decency and honesty, of a personal or intellectual kind, rather than pander for votes, their bipartisan action should warrant a majority of both parties to end this deal and move forward on a deal that truly cuts all unnecessary spending, or President Trump must reconsider this deal and veto it, rather than continue on a path that watches our deficit soar and attacks our nation’s solvency and the future prosperity of America.

 

By Justin O. Smith

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Edited by John R. Houk

Source links and text embraced by brackets are by the Editor.

 

© Justin O. Smith

 

The End of the Line


Justin Smith views warnings of an imminent economic crisis from billionaire investors. AND the so-called Green New Deal may make the predictions even worse.

JRH 2/10/19

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The End of the Line

 

By Justin O. Smith

Sent 2/9/2019 5:00 PM

 

The United States’ economy has surpassed all normal ebbs and flows, corrections, by approximately five years, since on average in each past cycle it rose for 56 months before collapsing. We’re about five years past that point and our economy is only now “cooling”. We’re just about due for another economic recession, if not a collapse that makes 2008 look small. We’re at the end of the line.

The U.S. spends almost a third of its revenue on interest payments alone, and it doesn’t seem like it can afford to pay much more.

In the short decade since 2008, the national debt, ever on the rise, has jumped from $10.6 trillion to $22 trillion. It also comes with a deficit that’s currently over $1 trillion currently. The interest payments alone may be forming a “black hole” from which the U.S. may never escape.

These facts alone should raise concern in any interested observer.

 

And now we see twenty-nine year old Alexandria Ocasio-Cortez, a product of the Puerto Rican Enlightenment and a Bronx resident, and other red, radical socialists like her in the House of Representatives, promising Pie-In-The-Sky Utopia for everyone. This makes her a danger to herself, her constituents and the nation, since she believes there isn’t any problem that a government program cannot solve, and she is already advocating for Medicare for all, a job guarantee, free college tuition, a green infrastructure program, and a squeeze the rich tax plan (70% for those making over $10 million).

 

Most political pundits say, “It will never pass … it’s crazy … it will harm the economy.” But, crazy plans that hurt the economy just might stand a chance at passing, since just over half the population in its entirety, and 51% of all Millennials, now have an acceptable view of socialism, some even embracing communism.

 

When existing laws of the land cause bankruptcy and chaos, people seem to look to legislate even more absurd laws, which is precisely how the first New Deal was pushed through Congress, during the panic and despair of the 1932 elections. And the New Deal gave President Franklin D. Roosevelt carte blanche to enact a series of costly programs.

 

A good guess is that the next economic crisis will be severe and long-lasting, too, as stocks fall hard and the economy goes into a deep recession.

 

“How did we get here”, one young lady recently asked me. Short answer: America has been guided to this point, by the consequences of the Federal Reserve Act, centralized banking, regulations, currency manipulation, devaluing the U.S. dollar, socialist initiatives in Congress to fast-track globalism, unfunded debt, monetized debt and acts of anti-American national sovereignty on both sides of the aisle who are intent on tearing apart the Founders’ vision and U.S. sovereignty, in order to pave the way for the globalists and their vision of a “new world order”.

 

The enemies of America, both foreign and domestic, have been working towards this goal for the past 120 years, and they have been working tirelessly and consistently towards leveling America’s power and wealth to the point She can be managed and coerced or forced to submit to the global agenda of the few power elite, the oligarchs of the world,

 

Mainstream media almost never hype a financial crisis, so it’s significant when they do. But when billionaires are sounding the alarm, you might want to pay close attention.

At least two billionaires are doing just that, starting with Baupost Group’s Seth Klarman. Baupost Group is a $28 billion hedge fund, and Klarman normally positions himself out of the limelight. His fund is only open to private investors, so he has little incentive to promote his brand to the public.

But recently, he felt the need to write a warning to investors about the global debt, with specific reference to the U.S., according to Sovereign Man:

In a 22-page letter to his investors, Klarman warned that government debt levels, particularly in the US (where debt exceeds GDP), could lead to the next global financial crisis.

The seeds of the next major financial crisis (or the one after that) may well be found in today’s sovereign debt levels,” he wrote.

 

Even ignoring economic history, there are signs everywhere, as nearly every major asset class around the world, from stocks and bonds to real estate, is selling at nearly an all-time high at prices that defy common sense. This suggests the possibility of a big recession and market correction just before the 2020 election, giving the socialists a much needed crisis that could catapult them into a majority in both houses of Congress. And that’s why we should all be praying that if any coming recession must come, let it hit soon, so it can be properly addressed before it becomes a major election issue.

In the same letter, Klarman continued: “There is no way to know how much debt is too much, but America will inevitably reach an inflection point whereupon a suddenly more skeptical debt market will refuse to continue to lend to us at rates we can afford…

Since the U.S. spends almost a third of its revenue on interest payments alone, it doesn’t seem like it can afford to pay much more.

And Klarman isn’t the only billionaire expressing unease. At the World Economic Forum [Blog Editor: WEFORUM – Globalization 4.0; Breitbart-Pompeo-Nationalism; New American-Merkel-Communist China-Globalist Agenda; & TheGatewayPundit-Ted Malloch-Criticizing Davos] in Davos, Switzerland, Ray Dalio, founder of the world’s largest hedge fund, said that debt would be to blame for the next downturn, which he believes will be bigger than the Great Depression.

“The biggest issue is that there is only so much one can squeeze out of a debt cycle and most countries are approaching those limits”.

You might think the U.S. government would do everything to curb this problem, but Uncle Sam’s total debt is rapidly approaching $22 trillion, and according to the Congressional Budget Office’s latest ten-year projection, it will be more than $33 trillion by 2029, with $1 trillion annual deficits set to begin again and stay above that for as far as the fiscal eye can see.

Skyrocketing debt, check. Deficit to match, check. Or will it be checkmate?

Although I’ve stated this twice before in this piece. let me reiterate — The U.S. spends almost a third of its revenue on interest payments alone.  America and Her people cannot afford to pay much more.

WE’VE ARRIVED AT THE END OF THE LINE.

~ Justin O Smith

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Edited by John R. Houk

Source links are by the Editor.

 

© Justin O. Smith

Interview with the Polish Ambassador


Piotr Opaliński – Poland Ambassador to Pakistan

 

Shamim Mahmood – a Pakistani Christian advocate/journalist – has submitted some interesting information on foreign relations between Pakistan and Poland derived from Ambassador Piotr A. Opalinski.

 

JRH 2/3/19

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Interview with the Polish Ambassador

 

By SHAMIM MAHMOOD

Sent 2/2/2019 11:43 PM

 

ISLAMABAD (Online) Mr. Piotr A. Opalinski, the Ambassador of Poland to Pakistan has said that Poland values its historical links with Pakistan and enjoys the multifaceted collaboration. Currently, the two countries are significantly developing their political, economic and defence cooperation. The current trade volume is reaching a half billion Euro and there are good prospects for the further growth of their bilateral trade. Peace and stability are the key for the development of the region. Poland supports the peace process in Afghanistan and acknowledges Pakistan’s efforts in facilitating the talks between the US and Taliban.

 

Talking to the ‘Online News Agency’ in an exclusive interview, the Polish Ambassador Mr. Piotr Opalinski said that the relations between Pakistan and Poland are ‘excellent and very cordial’. He pointed out both at the ongoing political dialogue as well as enhancement of economic cooperation, especially in the areas of energy and exploration of natural resources, in which Polish companies have been engaged in Pakistan since last 20 years. He said that Poland’s vast expertise and long tradition in coal mining, defence production, agriculture and food processing offered new opportunities for the mutually beneficial cooperation in these areas as well.

 

Ambassador said, that Poland supported the inclusion of Pakistan in the GSP Plus by the European Union (EU) to grant non-reciprocal preferential treatment to Pakistan’s exports. He emphasized that the geographical location of Poland in the exact centre of Europe made it very suitable to become a hub for Pakistani products designed for the European market. The bilateral trade volume in 2018 raised to about 500 million Euro. The trade balance is in favour of Pakistani exports, mainly textiles (90 percent), with a relatively smaller share of leather products, sportswear, foodstuff and surgical instruments.

 

Ambassador Opalinski also said, in the area of development cooperation Poland was directly working with Pakistani partners – local organisations capable of a very efficient implementation of the projects. Some of the best examples of educational projects supported i.e. by the Polish Embassy were the primary schools in Kaghan Valley and Bari Imam area of Islamabad. They are providing quality education, counselling and medical care for the children.

 

Answering a question about visa policy, the Ambassador said it was based on the common Schengen Visa Code, as Poland, being one of 26 Schengen Member States, issues the visas allowing for a border-free movement of travellers in the whole area in all categories of travels – businessmen, tourists, students etc. The available statistics indicate that the number of visitors from Pakistan to Poland is gradually increasing.

 

Talking about the regional and international situation, the Ambassador appreciated Pakistan’s role in the Afghan peace process and its efforts in facilitating the talks between the US leadership and Taliban. Poland wholeheartedly supports peaceful resolution of the protracted conflict in Afghanistan, to the benefit, stability and development of the whole region.

 

Recollecting his very good personal experiences of nearly ten years of diplomatic service in Pakistan (first tenure as Deputy Head of Mission and now as Ambassador) Mr. Piotr Opalinski said the Polish-Pakistani friendship, transcending through different times and geographical distance was deeply-rooted in history and time-tested. He referred to the memories of Polish refugees who were granted shelter in Karachi during the World War and to the Polish pilots, who made a great contribution to the development of the PAF and civil aviation at the nascent stage of Pakistan’s statehood. He said, all this, and more fascinating stories of Polish-Pakistani personal relations of friendship, would be described in an excellent book “Freedom Under the Pakistani Sky” by Polish author Mrs. Anna T. Pietraszek [Polish Wikipedia], which is going to be launched in Pakistan later this year. Ends/

 

Be Blessed,

 

Shamim Mahmood

Diplomatic Correspondents

Online Int’l News Networks

Daily Jinnah [Urdu]

Daily Morning Mail

Journalist, Blogger and Social Reformer

+92-300-642-4560

[Blog Editor: Shamim also does Christian activism in Pakistan. It can be dangerous work in Islamic Pakistan. Please consider a contribution. The last I heard services like PayPal are not supported in Pakistan. The Western Union is a good way to send money which will transfer into Pakistan Rupee – https://www.westernunion.com/us/en/send-money.html; Shamim Mahmood; Islamabad; +92-300-642-4560.

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Blog Editor: This Facebook video should be of interest in relation to Polish refugees helping to build the Pakistan Air Force after WWII:

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Edited by John R. Houk

Source links are by the Editor.

 

© Shamim Mahmood

 

It Could Always Be Worse


A dust storm approaches Stratford, Texas in April, 1935. (Credt: NOAA/MCT/MCT/Getty Images)

 

I’m a Baby-Boomer. My parents were teenagers during The Great Depression of the 1930s. Of course that means my grandparents were adults during that trial of economic poverty in America and globally for that matter.

 

You may have heard the old story from your parents or grandparents (depending on the generation you were born from) about the days they to walk to and from to school up hill both ways in the snow? Perhaps with little clothing or decrepit shoes? With no lunch or perhaps a stale dried biscuit? Though I suspect a little exaggeration to get their point across, this was the Depression era of which they were speaking.

 

So, what was the point being hammered into my thoughts?

 

If you want something in life, you have work for it. If you desire a decent future, you have to plan for it. Why? If you are looking for free lunch, you’ll probably starve to death.

 

Justin Smith addresses this issue of the Leftist preaching of everything must be made free or the end of the world as we know it is upon us. Life DOES NOT work that way.

 

JRH 7/23/18

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It Could Always Be Worse

 

By Justin O. Smith

Sent: 7/22/2018 11:26 PM

 

Keep complaining about not having enough. It could always be worse.

 

Today, we hear so many complain about needing $15.00 per hour and “free” this and “free” that, never understanding that nothing is “free” and someone, somewhere, ends up having to pay for it. They demand free healthcare, free college education, free housing and even free money. Some cities, like Stockton, California and Chicago, Illinois are even considering handing out free money, calling it a “universal basic income” for doing nothing.

 

A group of migrants waiting for relief checks outside of building. Calipatria, California. February 1937. Credits: Dorothea Lange; The Library of Congress

 

The Depression Era and the Dust Bowl Days were terribly hard and tough days. My dad, his siblings and my Grandparents lived through the worst dust storm in U.S. history. They were in Springfield, Colorado, one-hundred and sixty miles north of Amarillo, TX and eighty miles north of Guyman, OK, in the middle of the Black Sunday dust storm of 1935. There were many people who did not make it to shelter in time, and they died after being caught out in it.

 

Migrant man and woman walking along road. Crittenden County, Arkansas. May 1936. Credits: Carl Mydans

 

The Great Depression itself took a massive toll on everybody. Millions of Americans barely survived those years. The economic collapse was terrifying in its scope and impact. The average family income crashed from an average of $6132.22 in 1929 to just $1550 four years later. In Pennsylvania coal fields, three or four families crowded together in one-room shacks and lived on wild weeds. In Arkansas, families were found staying in caves, while whole families in Oakland, CA were living in sewer pipes.

 

Migrant family walking on road, pulling belongings in carts and wagons. Pittsburg County, Oklahoma. June 1938. Credits: Dorothea Lange; The Library of Congress

 

Incredibly, while there were millions of cases of malnutrition, the death toll from starvation was supposedly surprisingly low, as the government had interceded as best it could and soup lines and charitable kitchens were found in every city across the country. However, millions of Americans did too often come close to the edge of death by starvation, and according to many researchers, starvation deaths were very often attributed to some other affliction, for a litany of medical explanations.

 

President Herbert Hoover declared: “Nobody is actually starving. The hobos are better fed than they have ever been.”

 

But, in the New York City of 1931, there were twenty known cases of starvation, and in 1934, one-hundred and ten people starved to death. There were so many accounts of New Yorkers starving that the West African nation of Cameroon sent $3.77 in relief.

 

Tenant farmer family. Hale County, Alabama. 1936. Credits: Walker Evans; The Library of Congress

 

Despite the hardships it inflicted, the Great Depression drew some families closer together. They lost their cars and homes, often everything they owned and found their true nature, their true character and their souls. Families had to think outside the box in ingenious manners through the hard times, because their survival depended on it. They moved in with relatives to cut expenses, combined their incomes, bought day old bread and did without many necessities just to scrape by. And, while many people and families placed their faith in themselves and their own dogged determination to survive, many other families drew comfort from their faith and sustained themselves with hope for the future, that everything would turn out well in the end.

 

Today, far too many Americans no longer believe that our nation’s problems can be solved by people acting alone and through voluntary associations. Increasingly, they look to our federal government, the Nanny State, and currently, there are millions of Americans afforded massive amounts of aid, one-fifth of the population according to the 2012 Census Bureau report.

 

America’s poor now live better than some “affluent” leaders in Third World countries. They all have government housing and food assistance, along with scores of other programs designed to help clothe and educate them too.

 

Children on porch, leaning on railing. Pursglove, West Virginia. September 1938. Credits: Marion Post Wolcott; The Library of Congress

 

Today’s “poor” are millionaires in comparison to the real poor of the 1930s Depression Era.

 

And as my Dear Ol’ Lil Granma would tell me, right up until she passed from this world at age 96, “I cried because I had no shoes, until I saw a man who had no feet.”

 

by Justin O Smith

__________________

Depression Era Photos From: http://www.pbs.org/kenburns/dustbowl/photos/

 

Edited by John R. Houk.

Embedded source links are by the Editor.

 

© Justin O. Smith

 

Brexit and Norway: What to Avoid


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The pseudonymous writer Fjordman had his identity outed because the crazy mass-murderer Anders Breivik admired and cherry-picked Fjordman’s writings. Breivik’s admiration led the Norwegian authorities to accuse the famous counterjihadist as an accomplice by association. Of course Fjordman was exonerated of all suspicion much to the contempt of all European Leftist Multiculturalists. The Multiculturalists had cast so much disdain onto Fjordman that he fled his homeland Norway over death threats for a while. That was a while ago so I am uncertain of his current living conditions. HOWEVER, I am quite pleased he is still writing.

 

I found a recent Fjordman essay at the Gatestone Institute. The essay analyzes the choices the UK faces after Brexit and lists Norway and Switzerland’s non-EU membership as horrible models to follow.

 

JRH 9/16/16

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Brexit and Norway: What to Avoid

 

By Fjordman

September 15, 2016 at 4:00 am

Gatestone Institute

 

  • “[Britain wants] to be like Switzerland but they don’t know that Switzerland has to pay an enormous amount to the EU… They will have to accept the free movement of people and pay high fees and accept some laws which they would have no influence on.” — Daniel Pedroletti, president of the Swiss community group New Helvetic Society London.

 

  • Norway is the only country that has adopted all EU directives before their deadline. Norway, which is supposedly not a member of the EU, thus implements EU rules and regulations more obediently than do the founding members France, Germany, Italy, Belgium, the Netherlands and Luxembourg.

 

  • Most of Norway’s laws are currently written by bureaucrats in Brussels, not by elected parliamentarians in Norway.

 

  • The citizens of Norway rejected membership in the EU, twice. Opinion polls today show that a very large majority of Norwegians are against membership in the EU. Despite this, the nation’s politicians have made the country more or less a member of the EU, only without any influence or voting rights — in opposition to the popular will, and possibly also in violation of the country’s Constitution.

 

  • The British should study the case of Norway closely. But mainly as a negative example of what to avoid.

 

On June 23, 2016, 51.9% of the voters in the United Kingdom voted for leaving the European Union (EU). The turnout was high, and the British referendum gained great international attention. Marine Le Pen, leader of France’s National Front, praised the result, calling Brexit “the most important moment since the fall of the Berlin Wall.” Le Pen said that if she wins France’s 2017 presidential election she would call a referendum on leaving the EU.

 

Nigel Farage stepped down as leader of the UK Independence Party (UKIP) shortly after winning the historic vote. Many death threats against him and his family from supporters of the EU reportedly affected his decision.

 

The complicated divorce process between the UK and the EU could take years of negotiations. Some people have looked to Switzerland and Norway, two of the wealthiest countries in Europe, as possible models to follow, yet both maintain a close cooperation with the EU. There are also concerns in Switzerland and Norway about how Brexit will impact their own relationship with the EU.

 

Daniel Pedroletti, president of the Swiss community group New Helvetic Society London, says there is “a big misunderstanding” in Britain surrounding Switzerland’s position:

 

“They want to be like Switzerland but they don’t know that Switzerland has to pay an enormous amount to the EU and accept the laws without being an influence [on them].

 

“They don’t realize that if they want a similar agreement they will have to accept the free movement of people and pay high fees and accept some laws which they would have no influence on.”

 

Though not a full member of the EU, Switzerland has over 120 bilateral agreements in place with the bloc — its main trading partner.

 

Nigel Farage does not want Britain to emulate Norway’s deal with the EU. It is terrible, he says. The Norwegian people rejected membership in the EU. Yet the Norwegian Parliament (Stortinget) has “deceived the people” and got Norway into a very bad agreement with the EU, according to Farage.

 

Norwegians voted against joining the European Community/European Union twice, in 1972 and in 1994. After the 1994 referendum, the country’s political leaders designed a close association deal with the EU. This is the EEA Agreement, known as the EØS Agreement in Norwegian. This does not cover common agriculture and fisheries policies. Control over natural resources is sensitive in a country with a long coastline plus major offshore deposits of oil and natural gas. Yet apart from a few such exceptions, Norway in reality became an associate member of the EU after 1994. EEA membership requires the free movement of persons, services, goods and capital with the EU. Norway is also a part of the open-borders Schengen Agreement, which has severely weakened checking migrants and asylum seekers across much of Europe.

 

Statistics from 2016 show that of all the 31 countries in the EU and the European Economic Area (EEA), Norway is the only country that has adopted all EU directives before their deadline. Norway retained its top position for the third year in a row. Its two fellow EEA countries, Iceland and Liechtenstein, were the worst at implementing directives. Norway, which is supposedly not a member of the EU, thus implements EU rules and regulations more obediently than do the founding members France, Germany, Italy, Belgium, the Netherlands and Luxembourg. This may surprise people who view Norway’s relationship with the EU as something to emulate.

 

Most of Norway’s laws are currently written by bureaucrats in Brussels, not by elected parliamentarians in Norway. Some scholars warn that the transfer of power to the EU is so great that it violates Norway’s Constitution and seriously undermines the democratic system.

 

norwegian-prime-minister-erna-solberg-european-commission-president-jean-claude-juncker

Norwegian Prime Minister Erna Solberg with European Commission president Jean-Claude Juncker, on January 21, 2015. (Image source: Norway Prime Minister’s Office)

 

In June 2016, the Norwegian Parliament voted overwhelmingly to attach the nation to the EU’s financial supervision. Critics decried this as the “biggest concession of sovereignty” in many years. With a vote of 136 in favor and 29 against, Parliament approved a bill that would tie Norway’s regulation of financial and insurance institutions to EU rules. Center Party leader Trygve Slagsvold Vedum opposed the bill and warned that it was “a circumvention of the Constitution.” The group “No to the EU” stated that Parliament had gone directly against the will of the people by weakening national sovereignty. An opinion poll showed just 26 percent of Norwegians supported the plan to tie Norway to the EU’s financial oversight.

 

The citizens of Norway have rejected membership in the EU, twice. Public opinion has been consistently against membership for decades. Opinion polls today show that a very large majority of Norwegians are against membership in the EU. Despite this, the nation’s politicians have made the country more or less a member of the EU, only without any influence or voting rights. The politicians have done this in opposition to the popular will, and possibly also in violation of the country’s Constitution.

 

Britain is a larger country with a much bigger economy than Norway. This will give it a stronger position in negotiations with the EU and others. However, it would be a mistake not to learn from the experiences of other nations. When shaping their future relationship with the EU, the British should study the case of Norway closely. But mainly as a negative example of what to avoid.

_____________________________

 

© 2016 Gatestone Institute. All rights reserved. The articles printed here do not necessarily reflect the views of the Editors or of Gatestone Institute. No part of the Gatestone website or any of its contents may be reproduced, copied or modified, without the prior written consent of Gatestone Institute. [Blog Editor Full Disclosure: I failed to ask for that “written consent”.]

 

About Gatestone Institute

 

“Let us tenderly and kindly cherish, therefore, the means of knowledge. Let us dare to read, think, speak, and write.”
— John Adams

 

Gatestone Institute, a non-partisan, not-for-profit international policy council and think tank is dedicated to educating the public about what the mainstream media fails to report in promoting:

 

  • Institutions of Democracy and the Rule of Law;

 

  • Human Rights

 

  • A free and strong economy

 

  • A military capable of ensuring peace at home and in the free world

 

  • Energy independence

 

  • Ensuring the public stay informed of threats to our individual liberty, sovereignty and free speech.

 

Gatestone Institute conducts national and international conferences, briefings and events for its members and others, with world leaders, journalists and experts — analyzing, strategizing, and keeping them informed on current issues, and where possible recommending solutions.

 

Gatestone Institute will be publishing books, and continues to publish an online daily report, www.gatestoneinstitute.org, that features topics such as military and diplomatic threats to the United States and our allies; events in the Middle East and their possible consequences, and the READ THE REST

 

Oil Independence: Our Modern Day Slingshot


David slays Goliath with sling

ACT for America takes the logical stand that oil dependence from Muslim dominated nations are dollars in Islamic terrorists’ pockets. Oil cash is likely not the only source of terrorist income. For example, Islamic charities in the West claiming the Moderate moniker actually are quite supportive of Islamic terrorists often via stealth measures. Nevertheless, ending oil dependence from Muslim nations would cause a big hit in the pocketbooks of Caliphate-minded transnational terrorists.

 

JRH 5/21/16

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Oil Independence: Our Modern Day Slingshot

 

Sent by Lisa Piraneo
Director of Government Relations
Email from ACT for America
Sent: 5/19/2016 8:38 AM

 

Support the Fuel Choice for American Prosperity and Security Act

 

Last week, I attended a special event on Capitol Hill:  The Jewish Heritage Commission’s and AISH International’s “Celebration and Presentation of the King David Award”.

Since 1994, the King David Award has recognized men and women who have made dramatic contributions to American society and Jewish heritage.  Marc Goldman, a good friend of ACT for America, was one of this year’s award recipients.  Marc is an accomplished businessman, involved in multiple charitable activities, and is a steadfast patriot who has devoted much of his life to protecting both Israel and the U.S.

I attend many events on the Hill, and I certainly hear a lot of speeches.  Marc’s words, however, were particularly inspiring.  He reminded us that just as God provided a slingshot to defeat Goliath, He has provided the free Western world a slingshot to defeat its current-day enemies.

What did he mean?  Here is a small excerpt from Marc’s speech to help explain:

 

Today’s Western Civilization faces a much bigger threat than David did.  Nuclear weapons – our enemies have them and have promised to use them against us.  There will be no recovery if they do, so there is no time to waste. We must overcome our complacency. So what do we do?  God gave David the slingshot.  What slingshot has he given us and how do we use it?  

It turns out we do have a slingshot, a very effective one.  If we just have the will, courage and faith as David did, we too can use it.  The slingshot we have is to end oil dependence…. This slingshot will be the shot heard around the world. And we can emulate the example that King David set for us, our enemies will scatter and we will make the world a better, safer, and even cleaner place and then we can begin to bring peace, love, and harmony to all of God’s children.”

 

To watch Marc’s speech in its entirety, including important details about how oil independence is our modern-day slingshot, please watch HERE or click on the image below to play video.

 

VIDEO: Marc Goldman Receives King David Award

Posted by Brigitte Gabriel

Uploaded on May 18, 2016

 

http://www.actforamerica.org

 

Achieving oil independence (specifically allowing consumers transportation fuel choice) in order to stop terror funding, has been an issue on which ACT for America has been working for years.  Only when oil is no longer a worldwide strategic commodity will our modern-day enemies lose their petrodollar-purchased terror weapons.

 

 

TAKE ACTION

 

Please register your support for H.R. 2418, the Fuel Choice for American Prosperity and Security Act, with your U.S. legislator.  We’ve done all the work for you. Simply click HERE to learn more information about the bill, and to send your e-mail.

Take action on this bill now. You can help. You can make a difference.

Stripping our enemies of the ability to fund terror through oil money is the only real “silver bullet” to defeating worldwide jihadi terrorism.  Utilizing solely our domestic oil certainly is a step in the right direction, but it won’t solve the much larger problem: Enemy nations setting the world-wide price of oil and then using the proceeds to fund terror. Working together, we can stop this.

Thank you for all that you do.

 

Lisa Piraneo
Director of Government Relations
ACT for America

_____________________

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ACT for America is a registered 501 (c)(3) organization. All donations are tax-deductible.

 

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Our mailing address is:

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About ACT for America

 

  • ACT for America is the largest and the only grassroots organization dedicated to national security and defeating terrorism. Today, ACT for America has expanded to 890 chapters and 280,000 members with a goal of 2,500 chapters and 1,000,000 members by the end of the decade.

 

  • ACT for Americais a non-partisan organization whose mission appeals to every American concerned about national security and terrorism -a powerful, organized, informed and mobilized voice.

 

  • ACT for Americaeducates citizens and elected officials to help impact national security policy & stands ready to take action as the only national security grassroots organization in America.

 

Who We Are

 

We are all Americans first -citizens who put their differences aside and came together to secure our country. Every American has one thing in common – “we are all interested” in keeping our homes, communities, states, and nation safe.

 

What makes ACT for America different is that our members and supporters come from every background, age, gender, race, social status, political point of view, and lifestyle choice. Remember, national security is not a conservative, liberal, or libertarian issue – it’s an American issue.

 

What We Do

 

ACT for America is continuing to expand its nationwide volunteer chapter network that trains citizens to recognize and help prevent criminal activity and terrorism in the United States while preserving civil liberties protected by the United States Constitution.

 

ACT for America focuses on activities that enhance the national security standing of the United States — such as educating elected officials from the school board level to Congress. Many of these officials go on to pass vital legislation to this end. ACT has driven the education process towards the successful passage of 37 bills in 19 states over the last six years.