 In a puzzling editorial in Friday’s edition, the Washington Post blasted the Federal Reserve Transparency Act as “an unserious answer to a serious question.” The Post, which tends to be predictably liberal and quite bland in its editorial pronouncements, used unusually harsh language, calling the bill “wrongheaded in the extreme.” The Post fears the legislation “would destroy financial markets’ faith in the Fed and, by extension, the value of the U.S. dollar, just as surely as a political ‘audit’ of the Supreme Court’s deliberations would undercut public faith in the justice system.”
That’s rather like saying Postal Service letter carriers should drive around in tanks, because the Army does and they both consist of uniformed government employees. The Fed and the Supreme Court both have big marble buildings in downtown Washington, but that’s about all they have in common.
The bill, H.R. 1207 in the House and, under the name the Federal Reserve Sunshine Act, S. 604 in the Senate, would simply amend Title 31 of the U.S. Code to remove restrictions on how the Government Accountability Office can audit the Fed. The GAO would be able to examine the Fed’s discount window operations, funding facilities, open market operations, and agreements with foreign banks and governments, and would be required to tell Congress what it discovers by the end of 2010.
That’s it. It would not shut down the Fed, or fire the Fed’s Board of Governors, or overrule the Fed’s decisions. The current legislation would just let us know what is going on in that big marble building.
Strangely, this is what has the Post all in a dither. While the newspaper has rightly called for transparency and open government on many other matters, it believes the Fed should be exempt. Within the same editorial, the Post says the Fed has recently “expanded its role in the U.S. economy to an unprecedented extent,” and that current law provides “no clear mechanism to hold the Fed accountable.” The Post’s editorial board seems to see no contradiction in lamenting the lack of accountability while simultaneously trashing a basic attempt to merely gain information about possible misdoings.
A dollar today is worth less than one-twentieth what it was worth on the day the Federal Reserve was created 96 years ago. Yet over all that time, the unelected Fed has never had to face the full scrutiny of our elected representatives that other powerful agencies must. Even our intelligence agencies must report to Congress — but not the Fed, which has helped rack up an $11 trillion national debt, and an additional $13 trillion in dubious loans and bailouts.
The Fed will not say where that money is going. Chairman Ben S. Bernanke has refused to tell Congress, and why should he? There is no means to compel him, and no way to find out what he’s been doing. The Federal Reserve Transparency Act would change that.
As Rep. Ron Paul said in introducing the bill in February, “Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations. While the conventional excuse is that this is intended to reduce the Fed’s susceptibility to political pressures, the reality is that the Fed acts as a foil for the government. Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests.”
Thankfully — and somewhat surprisingly — a majority of the House is tired of this century-long status quo. The Federal Reserve Transparency Act has 276 cosponsors — 177 Republicans and 99 Democrats. So far in the Senate, the Federal Reserve Sunshine Act, introduced by independent Sen. Bernard Sanders in March, has 17 cosponsors. While 14 are Republicans, including 2008 presidential nominee John McCain, two of the three Democrats, Russell Feingold and Tom Harkin, are along with Sanders among the most liberal members of the upper chamber.
The Post seems to think a little knowledge is a dangerous thing. These members of Congress know that a little sunshine is a powerful thing. This legislation is a first step toward reclaiming America’s economic freedom.
| The European Elections and Euro-Nationalism |
Report; Posted on: 2009-07-27 19:29:22 [ Printer friendly / Instant flyer ]
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 Not willing to surrender a hard earned sovereignty to Brussels, multiculturalism or global capitalism.
Nationalism has been slowly but steadily gaining ground in Europe. Euro-nationalism is based on an opposition to the European Union political project, multiculturalism, mass immigration, globalisation and libertarian laissez-faire policies. Chiefly it builds on the growing alienation that the liberalised modern life has brought; the collapse of local communities, the destruction of traditions, unemployment, the attack on our Christian faith, culturally and spiritually, and the inadequacy of materialism and consumerism to fill the holes in ours lives.
People are fed up. The arrogance of the European establishment can be seen in the failure of many countries to give referendums on the Lisborn Treaty aka. the European Constitution as well as the fact they ignored the Irish and Netherlands ‘No.’ Instead they have called for another referendum to get the answer they wanted, ‘Yes.’
It is clear that the Christian Europe of nations does not want to become a globalised, multicultural Europe under a distant liberal political elite. Additionally the recession and banking crisis has exposed the greed and moral collapse in our societies with the mindless spending of money we don’t have on goods that are not needed coming back to haunt us, whilst the bankers are bailed out by massive government subsidies, subsidies that should have gone into rejuvenating local communities and small businesses.
Today in European politics a mixture of liberal and culturally Marxist (stemming from the Frankfurt school) ideas dominate our institutions, government and establishment and through these the meaningless but almost fascistically dominant abstract ideas of ‘equality’, ‘diversity’, ‘racism’, ‘freedom’ have become the tenants of our new religion that would have us create a heaven here on earth. To many people the cracks in these utopian ideas are becoming more visible as the real ’stuff’ of societies is being abandoned; traditions, ethnicity, the family, spirituality, community, history and experience. Not all have given up on the concept of the nation-state, the concept in which our political traditions, our historical realities, our morals lie; the organic community forged by history, Burke’s contract between the living and the dead.
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| Why Anti-Racism Is Anti-Civilization |
Race; Posted on: 2009-07-27 17:10:31 [ Printer friendly / Instant flyer ]
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 This is remarkable and reveals 1) the depth of harm done by liberal society to ours, 2) how the significance of political theory gives way to race and ethnicity…, and 3) the intractable nature of this mindset.
Yesterday I began watching Craig Bodeker’s DVD, A Conversation about Race (previously discussed here), but had to stop half way through due to technical problems. I had never heard of Bodeker before the DVD came out. It is exceptional, and exactly what’s needed. It takes us into the heart of the contemporary liberal psychology like nothing I’ve seen.
The moment that most strikes me so far is when a young, pretty white woman is asked to give an example of the racism that according to her is everywhere in our society.
She says that sometimes when she is around black people who are being loud, she thinks to herself that black people are loud. But then she realizes that her objection to loudness is just a part of the “white culture,” the white racist culture in which she has grown up and which she must battle against.
When she said this, I felt I was hearing something new, or at least understanding something familiar in a new light. It is of course a staple of modern liberalism that we must overcome our “stereotypes” about black people and other minorities. For example, if we think that blacks are generally less intelligent or more disorderly or more loud, those are racist “stereotypes” that we must identify and root out of our mind. But what this young woman was saying went beyond that. She was saying that the objection to loudness is itself a racist idea that she needs to root out of her mind. Her underlying reasoning goes like this: because she objects to loudness, and because blacks tend to be loud, the dislike of loudness is a racist feeling and must be eliminated. Which further means that any common standard of white people, any normal criterion of goodness or excellence in our society in which blacks on average happen to be deficient, is by that very fact racist and to be spurned.
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| It’s Starting to Smell Like Violence, I Am Sorry To Say. |
News/Comment; Posted on: 2009-07-26 19:28:52 [ Printer friendly / Instant flyer ]
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 Will there be open political war on white males?
I was reading the comments to this article on Salon:
It’s entitled “My GOP: Too old, too white to win.” I didn’t even read the article. It’s familiar advice to the GOP that they have to “reach out” to minorities if they expect to win.
But the comments (which are called “letters” at Salon) are amazing, an incredible amount of pure hatred directed toward white males. There is triumphalism in it: White males are outnumbered! They are on the way out! And there’s nothing they can do about it! Also frequently expressed in these comments is the notion that white males are the cause of all the world’s problems.
It’s starting to smell like violence, I am sorry to say. Depending on how the U.S. economy unravels, violence could be coming quite soon to a neighborhood near you.
Here are examples of the anti-white comments at Salon following the article “My GOP: Too old, too white to win,” which I told you about in my previous comment:
The section of North America we call the United States never should have been a land of powerful white Christian males. The land was taken; Plymouth Rock landed on the non-Elect. May the City on a Hill turn something other than lily white. The modern-day GOP represents the entrenched powers who have used political clout and, from time to time, physical violence, to rob dignity and extract profit from the masses. -schenka
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“The Base” is dedicated to keeping hippies, sluts, spics, homos, gooks, ragheads, and blacks (I’ll leave out the real word) in their place. Good luck with finding enough people to vote against their own interest to side with the brownshirts. I hope this helps.–anon anon
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“he would have won the popular vote before a single non-white vote was cast.” Because of course in the good ole days, whites voted first. Right? Interesting what your use of language reveals about your subconscious, you f*cking stupid racist Republican.–SB
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What a transparent attempt… …to respin the class white male persecution complex. It’s not the fault of your policies or ideology! The tides of demography have run against you! There is absolutely no, do you hear me, no need to examine what you advocate as a party and how you’ve chosen to lead this country! Just figure out how to trick those brown skinned people onto your side!–StephenAshley
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I believe that following a fullscale federal investigation of high crimes committed in office the entire assets of the GOP and its coorporate partners should following prosecution be seized and reimbursed to the US Treasury and a constitutional convention convened to reaffirm and ammend our founding documents to prevent any form of government secrecy or collusion with any business interest or religious institution what so ever in the future. You are not the loosers you are the winners and for the protection of society most of you should be exiled from the US and fobidden to return.–grmorrison
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Soon we’ll be able to round up all the white eyes and herd them into camps for extermination.–NP NP
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Simple as addition and subtraction The article covers the “too white” part. Here’s the “too old” part. Every year young, open-minded 17-year-olds turn 18, and every year, old, racist Republicans turn over in their graves.–IBelieveInSanta
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core values? Just what are the GOP’s core principles. I think I know what they are. Xenophobia, homophobia, and hatred of women! Get off that BS and you may survive as a party, otherwise go away. We are tired of your over moralizing and your walking in lockstep with racist fools.–teresa
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Anyone other than rich white men would be foolish indeed to vote for any Republican. The Democrats are no dreamboats either, not by a long shot, but the Republicans are murderous greedy lunatics. They must be driven into sobbing defeat and never allowed to run the country again.–No-Doz
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As the monopoly on power enjoyed by Caucasian-Christian males over the last several centuries of Western Civilization continues to fade, it’s inevitable that many of those who benefited from the stacked deck will not easily give up “the good old days” when their rule was unquestioned and they could dole out crumbs to the “inferior” races and “weaker” sex as they wished. -bpai99
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I see an America where Liberals and Republicans Hack each other to bits with machetes a-la Rwanda. And I am cheering.–NP NP
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Yes “demographics” are against the Republicans, but far worse, and what will cause the current Limbaugh Corporatist Republican Party to become the modern Whig Party, is their anti-science “delusions”, phony Christian “values”, their belief in endless war & EMPIRE, their belief in gut decisions over rational, intelligent decision making, their “complete” ownership by the CORPORATIONS, their deep rooted ancestry & connection to the old Confederacy of the Civil War South, their blind suicidal jihad that worships GREED & the Supremacy of the Wealthy, where every problem can be solved by their holy mantra of tax cuts, tax cuts, tax cuts… especially when those tax cuts go almost exclusively to their CORPORATE OWNERS & their fellow brethren, the VERY RICH! When Rush Limbaugh THE symbol of GREED & Piggish Excess is your leading spokesman, then only the “true believers” & “cult fanatics” remain to drink the deadly Kool-Aid leading to the Republicans ultimate & well deserved EXTINCTION! Demographics is “the least” of the Republicans problems. May the Republican Party & their OUTMODED & DESTRUCTIVE IDEAS–rest in peace & forever be banished from the EARTH–good riddance!–exoevolution
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F*ck The GOP I’m a 39 year old white male independent voter and I absolutely DESPISE the GOP and everything it stands for. I hate Republicans like cancer and can’t wait to see their sick, insane party die the death that it deserves. Not that I think the Dems are all that great–they sure do manage to f*ck up alot–but Republicans are downright EVIL. Their failed ideology and cruel, inhumane policies have been dragging us down for years. F*ck ANYBODY who wants to drown our government in a bathtub–I happen to LOVE my country and its government, so F*CK YOU, GOP! I can’t wait to see these Republican deadender dumbf*cks dwindle into irrelevance. Maybe if they had been a little nicer and a little more decent as human beings when they were in power, the rest of us wouldn’t hate them now. Please die off soon, motherf*ckers–nobody wants to hear your shit anymore!–Giant Bastard
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I wish I wasn’t an atheist so I could pray to God everyday that “conservatives” become politically extinct or self-secluded into little harmless enclaves like the Amish and Mennonites and let the rest of us get on with attempting to create a new modern world that works for everyone.–rrheard
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I Have A Solution In A Bottle For Republicans It’s called rat poison. Drink up, you motherf*cking Republican rats. The sooner you dumbf*cks all die off, the sooner we can fix your goddamn messes. A**holes!–Giant Bastard
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We learned what black voters already knew: that when Republicans choose to demagogue race, white voters react like a lynch mob. It’s not pretty, and we don’t need to encourage it. I’m even disappointed that only 60% of Latinos or so vote Democratic. I’d like to see a 90% supermajority like in the black community. The point is, this party has done a lot of damage to racial and group relationships and it needs to pay or keep paying for it. Obama represents the future, McCain the past.–G.A. Reyes
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To Quote Wyatt Earp in TOMBSTONE, You Righttard Traitors (and that is ALL of you!): “You called down the thunder? Well, Now You Got It!” You couldn’t play wedge-issue, hate-filled, divisive politics forever and expect to keep winning–not when hate-filled White Americans are increasing a dying-out minority voting bloc, you can’t. So me–as a NON-Righttard White Male? I just look at what’s happening to you all with a DEEP sense of the Balance of the Universe correcting itself…all over your fat, treasonous, bloated, hate-filled, puffed-up worthless bodies…. Selah.–drdarkeny
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Dopey Republicans Are all Republicans this stupid? That article is ridiculous. Just another whiney WASP male bellyaching that he can’t have slaves anymore. If there’s anything wrong with the USA today, it is ENTIRELY the fault of the white male. This is what you wanted–a president like Dough Boy Bush and his disgusting sidekick Cheney. It’s bad enough to have to constantly see dirtbag Liz Cheney (a nobody if I’ve ever seen one) vomitting her balogna all over the airwaves. Why don’t you creepy Republicans crawl into the hole that you alone dug for yourselves? I’d be more than happy to cover the hole and be done with you altogether. GO SARA 2012! Another dingdong Republican product that we can laugh at. Take Boehner with you–his pasty white deer-in-the-headlights look is getting old.–ItWasAFumble
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Thanks, Sherlock Given the title alone, I’m going to go ahead and file this one under “Duh”. Oh, and the fact that Republicans are spiritual patsies, willfully ignorant, homophobic, xenophobic, bigoted racists might want to be a consideration whilst they are pondering their navels.–Letterer98
Source VFR
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To rally European Americans from all walks of life around a common purpose
