Showing posts with label MSM. Show all posts
Showing posts with label MSM. Show all posts

Saturday, March 09, 2013

Is all of human history wrong and Barack Obama right?

This chart, spotted at The Jacksonian Party, explains a great deal about our current situation; one in which the people find themselves pitted against their elected officials.

Prior to 1902, Congress had never reached a 70% reelection rate.


Jacksonian argues that when the Senate became a directly elected body and no longer represented Statehouses, taxation and other federal usurpations of Constitutional bounds became rife. In other words, the federal government could and did use its power to begin punishing the states, regulating local affairs and interfering in every sort of arcane transaction.

That change triggered an ever-increasing federal budget that went far beyond national defense. Budget-busting initiatives, politically motivated in nature, purported to help retirees, the sick, the elderly and so on, while concentrating ever more power in Washington.

The federal government now consists of a body of lifetime bureaucrats, many of whom couldn't power a flashlight with all of their brainpower combined, who are reelected automatically through their use of federal tax funds. They reward, they punish, they anoint.


And they continue to aggregate more power at the federal level -- and to build their own personal wealth -- ignoring and flouting the law. Rangel, Feinstein, Frank, Reid, Waters, Conyers -- to name but a few -- have repeatedly thumbed their noses at financial disclosures, ethics violations, criminal complaints, FOIA requests, and the like.

If government worked as Obama and the National Socialist Democrats say it will, then why would we care about separation of powers? Why would we care about different levels of government?

Why would we care about the Constitution?

Why was this nation founded in the first place?

If government is so beneficent, so effective, so humane and compassionate, how is it that throughout all of human history, the great philosophers and thinkers were so fearful of it?

Aristotle, Cicero, Locke, Montesquieu, Edmund Burke, Adam Smith, Benjamin Franklin, George Washington, James Madison, Thomas Jefferson, John Adams and so many more.

Were they all wrong about government and Obama right?

Were they all wrong about limiting, balancing, placing checks on government? Were they all wrong about liberty?

Is human history all wrong and Obama right?

Is human history all wrong and Nancy Pelosi right?

Is human history all wrong and Harry Reid right?

Do you really think Obama, Pelosi and Reid hold a candle to the greatest thinkers civilization has ever seen?

Because for Obama to be right; and for his party, now in the hands of the radical left, to be right; the Founders had to be wrong.

For Obama to be right, the Declaration of Independence has to be wrong.

For Obama to be right, the Constitution has to be wrong.

For Obama to be right, Aristotle, Cicero, Locke, Montesquieu, Burke, Smith and the founding fathers all had to be wrong.

And so it is clear how all of this will end.

Government-run health care will be used as a tool by government officials. As these programs always are. It will be used to punish political enemies, to reward friends, to entice supporters and -- always -- to aggregate more power.

It must be repealed. It must be obliterated.



Hat tips: The Jacksonian Party, Thirty Thousand and Mark Levin.

Thursday, March 07, 2013

Shocker: Vintage Media Censored News of Sen. Paul's Historic Filibuster

For the drones, progressives, and other miscreants who rely upon the likes of The New York Times or The Washington Post for their "news", suffice it to say that they missed out completely on yesterday's historic and bi-partisan filibuster led by Rand Paul. It's like it never happened.

Yesterday, Rand Paul embarked upon a nearly 12-hour-long standing filibuster. The filibuster’s ostensible purpose and practical effect was to delay a vote on John Brennan’s nomination to head the CIA. It’s real purpose, though, was to force Attorney General Eric Holder to answer a straightforward question: “Does the President have the authority to use a weaponized drone to kill an American not engaged in combat on American soil?” ...


...Paul not only managed to derail the scheduled vote for John Brennan, he forced Eric Holder to answer his question [with a 'no'.]

As Senator Ted Cruz, a renowned litigator, observed last night, Holder's obfuscations and deflections are outrageous. The question isn't a difficult one:

If a citizen of the United States is, say, sitting in a cafe inside the country -- not posing an imminent threat to anyone -- does the president have the authority to order a drone strike and assassinate that person?

Of course not. Any pre-law student could tell you that.

As for antique media? For the most part, they completely ignored this historic question and resulting filibuster of the ostensible CIA director, just as they censored news of Operation Fast and Furious and Benghazi-gate.

The basic information surrounding these deadly scandals, which resulted in the murders of at least a half-dozen U.S. officials -- has never been released by the Obama administration.

And legacy media could care less.

Which is why I use BadBlue News to go around the media. I don't need any progressive Statists censoring my news.


Sunday, March 03, 2013

New York Post: Administration Officials Called Female Reporter Who Asked Tough Questions a "C***", "B****", "A**hole"

Bob Woodward has unleashed the floodgates: liberal media is finally admitting the truth about the Obama administration's lack of respect for the freedom of the press.

In addition to Woodward, correspondents Lanny Davis, Bill Plante, Neil Munro, Ron Fournier, David Brody, Conor Friedersdorf, and others have expressed their concern and disbelief regarding the administration's fascistic mindset:

... “I had a young reporter asking tough, important questions of an Obama Cabinet secretary,” says one DC veteran. “She was doing her job, and they were trying to bully her. In an e-mail, they called her the vilest names — bitch, c--t, a--hole.” He complained and was told the matter would be investigated: “They were hemming and hawing, saying, ‘We’ll look into it.’ Nothing happened.”

...He wound up confronting the author of the e-mail directly. “I said, ‘From now on, every e-mail you send this reporter will be on the record, and you will be speaking on behalf of the president of the United States.’ That shut it down.”

...Another White House correspondent says that last week’s blowup over pool reporters’ access to the president’s golf game with Tiger Woods — which was none — is indicative of a larger problem. “Today’s a perfect example,” he says. “Jack Lew is sworn in” — as US Treasury secretary, on Thursday — “and they didn’t even allow a photographer in there. A reporter asked [press secretary] Jay Carney why, and his answer was, ‘It’s a family ceremony.’ No! This is a high-ranking government official whose salary is paid for by taxpayers. No.”

“This administration has tools to reach people on their own,” CBS White House correspondent Bill Plante said this week. "...they’re undercutting the First Amendment, which guarantees a free press through many voices. If they put out their own material, it’s state-run media..."

None of the White House correspondents who spoke to The Post are hopeful that things will improve. “What’s our recourse?” says one. “How do you force them?”

...For these reasons especially, Fournier is nostalgic for the days of covering Bill Clinton. “Every five or six days, he’d do a public event, and we’d go and yell questions and occasionally, he would answer,” Fournier says. “He had to be accountable to an a--hole like me. That’s healthy for democracy.”

Now that's a war on women.

Unlike Dick Nixon, the Obama administration wears its 'Enemies List' on its sleeve.


NEW COMIC STRIP: The Adventures of Bob Woodward and the Obama Spin Machine

An overview of the administration's Sequester skulduggery (depicted as a comic book so that liberals, drones, progressives and other miscreants can follow along):

Saturday, March 02, 2013

The Media Should Be Ashamed of Themselves: They Leave it up to Foreign Journalists to Speak Truth to Power

Babalú points us to an exceptional editorial by Niles Gardiner of London's Telegraph:

A nasty, brutish, imperial presidency


Thomas Hobbes wrote that the life of man is “solitary, poor, nasty, brutish and short.” Today’s White House definitely isn’t poor, lavishly feeding off the wealth of the American taxpayer, and the current presidency certainly isn’t short, with nearly four more years to run. But it is undeniably nasty and brutish, as veteran Washington Post reporter Bob Woodward has found after questioning President Obama’s narrative on the sequester issue.

...The threats being dished out to [Bob] Woodward, [Lanny] Davis and others are extremely disturbing in a free society, and are a reflection of an imperial presidency that acts with impunity and is highly intolerant of dissent. The heavy-arm tactics that Obama’s team have deployed for years against conservatives are now being increasingly implemented as well against liberals questioning the president’s record.

Leading US political analyst Michael Barone predicted all this in a piece for National Review Online back in October 2008, when he wrote about “The Coming Obama Thugocracy.” It is an article that is strikingly accurate in its predictions...

Obama supporters ... seem to find it entirely natural to suppress speech that they don’t like and seem utterly oblivious to claims that this violates the letter and spirit of the First Amendment. In this campaign, we have seen the coming of the Obama thugocracy, suppressing free speech, and we may see its flourishing in the four or eight years ahead.

Will American liberals now stand up to the Obama White House and condemn its blatant attempts to suppress criticism and free speech? I doubt it. The Washington Post has provided relatively little coverage of the story, despite the fact that one its own star writers has been targeted. The New York Times is, unsurprisingly, completely silent (with the exception of a small mention in a single blog) on the issue. Ironically, most of the reporting of the White House’s attempts to intimidate liberal critics has come from the conservative press, led by the Drudge Report, which has propelled the story to national prominence. Both conservatives and liberals should be rallying to the defence of free speech and freedom of the press, holding the Obama presidency to account. All Americans should be concerned by government attempts to stifle press criticism in the land of the free, tactics which undermine the very foundations of liberty.

The media in this country are a pathetic joke. We now know what it was like to live in the old Soviet Union.


Thursday, February 28, 2013

Take a Bite of the Pie

Michael Ramirez is the finest political cartoonist of this, and perhaps any, generation:


He is one of the few who can be said to regularly speak truth to power.


Without Even Realizing It, DNC Public Relations Firm @Politico Inadvertently Reports on POTUS Law-Breaking... Again

Another day, another DNC press release from Politico:

President Obama’s budget will probably be released in March, White House press secretary Jay Carney said Thursday, but has been delayed in part by “manufactured crises” including sequestration.


“The series of manufactured crises around budget issues, certainly has resulted at least in part in those experts in the administration who work on those issues having to spend a lot of time dealing with those crises rather than on that,” Carney said during his daily briefing. “But that’s part of the job and they’re working on the budget.”

31 USC § 1105 - Budget contents and submission to Congress:

(a) On or after the first Monday in January but not later than the first Monday in February of each year, the President shall submit a budget of the United States Government for the following fiscal year. Each budget shall include a budget message and summary and supporting information.

If they weren't so busy threatening journalists, perhaps we could get Obama and his administration to submit a budget, as required by law.


Image hat tip: Lonely Conservative.

National Journal Editor-In-Chief Ron Fournier: Clueless Hack -- or Touchingly Naive Drone?

Today the National Journal and its editor-in-chief Ron Fournier -- if that is his real name -- achieved the pinnacle of self-beclownment. The setup: Fournier, in a soporific commentary on the White House's threats against legendary journalist Bob Woodward, described his own brush with a nasty Obama senior staffer. Fournier says he's befuddled because...

I had a great relationship with Clinton’s communications team, less so with President Bush's press shop, and now -- for the first time in my career -- I told a public servant to essentially buzz off.

This can’t be what Obama wants. He must not know how thin-skinned and close-minded his staff can be to criticism.

Is Fournier a clueless hack or just a touchingly naive drone? I ask because Obama mentions his critics by name (Sean Hannity and Americans For Prosperity, come to mind) and levies punishments against the press on a routine basis.

Today, Reason's Mike Riggs documents dozens of well-known episodes, ending with the Woodward denouement.

• Valerie Jarrett ripping Cornel West for daring to criticize Dear Leader.
• The White House banning a San Francisco Chronicle reporter for filming an anti-Obama protest.
• The White House banning the press pool from a Silicon Valley fundraiser.
• The White House banning The Boston Herald for publishing a Mitt Romney op-ed.
• The White House agreeing to a local media interview, provided it not use any quotes nor mention the topics of the discussion.
• The White House calling a small-town newspaper to shriek about its coverage of Michelle Obama's haughty and dismissive treatment of Marine One chopper pilots.

And so on.

This is a fascist mind-set, in no uncertain terms.

As commenter BannedForSelfCensorship observes:

We need a new slogan for the media. "Speak truth to power" doesn't quite describe what they do nowadays does it? Repeat Truth from Power is more like it.

As I wrote in 2010, "unlike Tricky Dick Nixon, Barack Obama wears his Enemies List on his sleeve."

And for Ron Fournier to pretend to overlook all of the evidence of Obama's thin-skinned nature illustrates how much of a joke he is. He's a hack. A loser. And so is The National Journal, which is fit only for catching hair-clippings at the barber shop. That is, if you don't have a copy of The New York Times handy.


Wednesday, February 27, 2013

Favor to ask

Conservative pundit John Hawkins just emailed with some interesting news:

As I noted yesterday, I’m putting together the Nominees For The 11th Annual Blogger Awards (Sponsored by Right Wing News & TheTeaParty.net) at CPAC 2013.

There is one category... that will be voted on by the general public. That’s “The People’s Choice Award.” The voting in that category closes on Friday, March 1 at midnight. The winner will get special linkage at the top of TPNN’s newly designed website, 5 consecutive days of links at Linkiest next week and, of course, the winner will also receive a trophy at CPAC.

Congratulations to all the blogs that are up for an award (You can vote for your favorite here).

Conservatives4Palin
  Doug Ross  
The Foundry
Fire Andrea Mitchell
Jammie Wearing Fools
Jihad Watch
The Mellow Jihadi
Misfit Politics
Moonbattery
Nice Deb
Patterico’s Pontifications
Politichicks
Protein Wisdom
The Shark Tank
Sweetness & Light

Once again, you can vote here.

I don't want to beg, but I'm begging here.

I just want the faux gold-plated trophy. I've never won anything before and my self-esteem issues are piling up like pancakes at Rosie O'Donnell's mid-morning snack.

Vote early and often, my friends. Pretend it's like Chicago for conservatives. Show those other SOBs how we roll here at Da Journal.


Image: Michael's Comments - Nice Deb.

Thursday, February 21, 2013

Security Researcher: NBC Serving Up Malware

Help Net Security reports that NBC's website has been hijacked and is serving visitors a heaping helping of malware. And, no, I don't mean the Obama talking points they repeat on a daily basis. I mean real malware.

NBC's website has been compromised, and is redirecting users to malicious sites, reports Dancho Danchev.

According to HitmanPro, the website has been injected with malicious iFrames that lead to one of several compromised sites equipped with Java and PDF exploits.

It seems that upon successful exploitation of one of the vulnerabilities, the users are saddled with variants of the Citadel info-stealing Trojan that currently aren't detected by many AV solutions.

The server with which the malware communicates has already been sinkholed. Nevertheless, if you have visited the news outlet's website today, and your AV hasn't picked up on anything, use a new one to double check - preferably one of these that at the moment do.

Visiting the NBC's website is, for the time being, still dangerous, and even Facebook has moved to protect its users by not allowing the posting of the site's URL.

If it turns out the Red Chinese hacked NBC's computers, one obvious question comes to mind: How would we know?


Hat tip: BadBlue Tech News.

Wednesday, February 20, 2013

HEH: Marco Rubio, Benjamin Netanyahu poke progressive Democrat media right in the eye

My interpretation of this photo is Marco Rubio and Benjamin Netanyahu telling Democrat media to stick it.


For Democrat media, Sen. Bob Menendez's (D-ominican) hookers-for-favors scandal ain't a story, but Marco Rubio sipping water is. Which summarizes why their ratings are plummeting faster than Michael Moore in a giant vat of Hershey's chocolate.


Monday, February 18, 2013

The Second Amendment is under attack

You and I both know that the Second Amendment is under a full-bore attack from the "Progressive" Left.

Keep up-to-date on the latest firearms news here, maintained 24 x 7:


BadBlue Gun News -- the web address is http://BadBlue.com/guns -- brings you all of the latest news from the front-lines, including firearms reviews, legislative updates, and even late-breaking deals (for a brief time yesterday, Natchez Shooting Sports had bulk .22LR ammo available).


Friday, February 15, 2013

Remember when "speaking truth to power" was celebrated on the left?

Those days are long gone.

PoliSci Students Forbidden From Using Fox News as a Source

Students in a political science class at West Liberty University were given an assignment recently to keep a “politics journal” in which they would record their reactions to various articles they had selected.


Not Rachel Maddow
The instructor at the West Virginia public institution included some possible news sources, such as The Economist, BBC, CNN and The Huffington Post...

But the instructor also specified that two sources could not be used. One was The Onion, which the assignment notes “is not news” and “is literally a parody.”

The other: Fox News, the only major media source of information that does not lean aggressively to the left. With the jarring hypocrisy that distinguishes liberals from those who suffer from less severe psychiatric maladies, instructor Stephanie Wolfe justified her ban by declaring that FNC makes her “cringe” because it is “biased.”

Anita Dunn Says Fox News’ “Alternative Universe” Is Crumbling

...former White House Communications Director Anita Dunn said that the departure of Dick Morris and Sarah Palin from Fox News signals that the network’s “alternative universe” is crumbling.

Dunn created a controversy in 2009 when she told Time magazine that Fox News is “opinion journalism masquerading as news,” and followed that up on CNN by saying that the network “often operates as the research arm of the Republican Party.”

I think what you’re seeing now with Fox is that the alternative Fox universe that they created for four years is crumbling, and Roger Ailes who is nothing if not an excellent television person and very smart executive, is realizing that the creationism of the past has to end, and so you see the Fox evolution.

Dunn and the liberal media have jumped on the fact that Fox hit a 12–year ratings low in January as evidence that Fox is now in decline, despite the fact that it still finished as the number one cable news network with more than twice the total audience of second place MSNBC... In addition, Fox had the top 11 cable news programs in 2012, not exactly a sign of a network on the verge of crumbling, as Dunn claimed.

After Fox News hires Herman Cain, vile libs cry ‘Uncle Tom,’ ‘house n***er’

The outspoken conservative and former presidential hopeful has joined Fox News as a contributor, and right on cue, hateful lefties are attacking him for thinking for himself and not toeing their preferred racial line...

Executive Summary: a Marxist professor, a Maoist, and a bunch of racists despise Fox News for gently opposing Statism. For resisting the inevitable expansion of centralized government. For praising individual liberty.

The Obama Agenda is a failure. It was a failure in February of 2009, it is a failure now, and it will have failed in 2016.

That Fox News occasionally reminds us of Obama's abysmal performance pisses off progressives to no end. Which is why you should watch it whenever you can. Yes, it's imperfect -- but it's the best we've got.

Just try to imagine life without it. It would be like North Korean television, 24 by 7.


Thursday, February 14, 2013

Yet another superb reason NOT to visit antique media websites

I mean, besides the censorship and naked malice for the Constitution.

LA Times website redirected users to exploit kit for over six weeks


A sub-domain of Los Angeles Times' website has been redirecting visitors to compromised websites hosting the latest version of the Blackhole exploit kit for over six weeks (since Dec. 23, 2012), says Brian Krebs, and estimates that some 325,000 visitors were exposed to the attack.

Alerted to the fact that something was wrong with OffersandDeals.latimes.com by some of its readers, he investigated the matter with the help of Avast's director of threat intelligence Jindrich Kubec, who checked it and confirmed that the tips were, indeed, true and correct.



When first contacted, LA Times spokeswoman Hillary Manning stated that the problem was tied to the recent hack of the NetSeer advertising network site, which resulted in Google blocking popular third-party sites - among them the New York Times, the Washington Post, ZDNet and the LA Times - that were serving ads provided by the ad network. She claimed that the problem had been solved and that there were no additional ones.

Unfortunately for the publication, that was not true, as Avast and other security companies continued to detect exploits coming from the sub-domain. In a statement released a few hours later, the LA Times conceded that the security companies' readings were accurate, and that they resolved the situation.

This type of attack is sometimes called a "Watering Hole", where a site known to be popular with the target(s) is exploited so that it can launch attacks when the target visits.

Consider this Reason #7,308 to avoid all legacy media distribution channels.


Related: For all mockery LAT-related, check out Patterico's Pontifications. Hat tip: BadBlue Tech News.

Wednesday, February 13, 2013

Search engine spins audience reaction to boost Obama's farcical State of the Union speech

Bias? What bias?

Sometimes in school exams are graded on a curve so that students who should've failed don't.

Well, Bing graded Obama on a HUGE curve. Below is the partisan breakdown, but they did it on gender, and probably everything.


See the original raw data chart here, and the full infographic from Bing here.

Worse news? It may not just be Microsoft's Bing search engine.

RedState has labeled Google "The Democrats' Private Intelligence Agency".

But I'm not ready to buy into that assertion. If Google ever got caught using personal data to deliver proprietary election data to Democrats, it would raise a hellstorm of biblical proportions. And Google just seems too smart to engage in that sort of skulduggery.


"Either this is photoshopped or @CNN has completely lost it"

The quote is from Ben Howe, via Kat McKinley:


Ethan Klapper asks, "Are you serious?"

CNN: Beclownment complete.


Sunday, February 10, 2013

Damn Biased Media

A movie review, spotted at BorePatch:



Candy Crowley and CNN panel: should people be permitted to critique Dear Leader's policies?

That's strange: CNN never seemed to ask these questions when a man named George W. Bush was president.

CNN Panel: Was Doctor’s Conservative Speech In Front Of Obama ‘Offensive,’ ‘Inappropriate’?

Dr. Benjamin Carson, a pediatric neurosurgeon at Johns Hopkins Hospital, raised a number of political eyebrows in Washington this week when he took to a stage he shared with President Barack Obama at the National Prayer Breakfast and advocated a number of conservative reforms. On Sunday, the panel guests on CNN’s State of the Union weighed in on whether it was appropriate for Carson to use the forum of the prayer breakfast to advocate for free market reforms to healthcare and a flat tax code.

“Whoa,” said CNN anchor Candy Crowley after playing a portion of Carson’s speech in which he linked the biblical principle of proportional tithing to a flat taxation system... “This was really interesting, number one for the venue, number two for the person doing this,” Crowley said.

...Crowley turned to Rep. Jan Schakowsky (D-IL) and asked if she found “anything offensive” in Carson’s speech.

“I think that there is a political correctness that he was trying to use to appeal to a conservative audience,” Schakowsky said. “I think it’s really not really an appropriate place to make this kind of political speech and to invoke God as his support for that kind of view.”

Schakowsky concluded by saying that Carson’s message displayed an “empathy gap” between where the American propel are and where Carson, and other conservatives, want the nation to go. “We need to have an economy that works for everyone,” she concluded.

I seem to remember Democrats openly chortling and celebrating when a shoe was thrown at George W. Bush. Open criticism of the president, in any venue imaginable, was actively encouraged and cheered on by CNN... then.

CNN's message is clear: it's not appropriate nor legitimate to criticize the government, at least when a radical Leftist is openly subverting the Constitution.

The best word to describe CNN's contempt for even gentle criticism of Obama's policies? Fascism.

Furthermore, Jan Schakowsky is a known Communist sympathizer. As such, she doesn't deserve any sort of forum on national television, let alone serving as a member of Congress. Schakowsky can't honestly take an oath to uphold the Constitution while working with radical groups like DSA.

Oh, as an aside, Ms. Crowley may want to lay off the nachos for a while. Just sayin'.


Thursday, February 07, 2013

Cops in gun-free England getting ambushed, shot, bombed with grenades: Piers Morgan unavailable for comment

Looks like Piers Morgan is right: there's no gun-crime in England:

A fugitive lured police officers to him before shooting them repeatedly and then throwing a grenade at his victims, a court has heard... Dale Cregan, 29, had evaded a nationwide manhunt when he set the trap, Preston Crown Court heard.

Mr Cregan denies killing PCs Nicola Hughes, 23, and Fiona Bone, 32, in Hattersley, Greater Manchester last September. He also denies the murders of David Short, 46, and his son, Mark, 23... Mr Cregan appeared in court wearing a false left eye made of black onyx.

Mr Nicholas Clarke QC, prosecuting, said PCs Hughes and Bone were killed as they responded to a report of a burglary on the morning of 18 September.

Mr Clarke said: "[Cregan] lay in wait with a Glock firearm with an extended magazine that was fully loaded.

"PC Fiona Bone and PC Nicola Hughes attended. As soon as they arrived Cregan, who was on the run, shot the officers repeatedly, until his magazine was empty.

"As he left the scene he again threw a grenade towards the victims."

The ludicrous, clownish hack Piers Morgan hardest hit.


Tuesday, February 05, 2013

Quantitative Easing for Dummies. And Paul Krugman.

When asked to describe "quantitative easing" (or QE) to novice investors, Chris Martenson offers a simplified definition: a few clicks on a computer keyboard, and the Federal Reserve has (*poof*!) created billions of dollars with which to purchase Treasury debt and mortgage-backed securities.

His summary, however, should send chills down your spine.

...we are living through the largest and most outlandish monetary experiment ever conducted by humans upon themselves. These are extraordinary times, and no matter how many times the mainstream press tries to convince you that a rising stock market or a rebounding housing market implies that we are returning to healthy economic balance, don't fall for it.

The Fed is in uncharted territory, having created a monster it can no longer control. In the process, it is blowing new asset bubbles that are benefitting those with first access to the newly-printed money (banks and corporations) at the expense of savers, pensioners, and anyone exercising fiscal prudence. This, of course, is creating a vast and growing inequality between the top 1% and everyone else.

When this misadventure in monetary policy ends, as both math and history says it must, it will be messy, uncontrolled, and very painful for holders of just about every sort of finanical instrument out there (stocks, bonds, derivatives, etc). That's why understanding the root causes and risks of QE is so important, in order to identify the best shelters for protecting the purchasing power of your wealth through this transition...

Martenson has five key takeaways:

• Money-printing by the Fed has created new bubbles in certain asset classes, like stocks;

• Excess reserves on banks' balance sheets hold a significant risk of triggering "explosive inflation"

• The Fed may be powerless to stop the QE spigot without risk to the system

• The mathematics will trump political considerations: a correction will occur and, with it, "massive financial dislocation"

• Hard currency assets (like gold) will, in Martenson's view, help alleviate some of the risks.

The people have spoken! Hope! Change!


Hat tip: BadBlue Money.