Coming soon to a country near you


Desperate governments do desperate things. Some of those things qualify as theft if you or I do them. This is one of those things.

The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today.

Without the ability sell debt due to soaring interest rates, and with severe spending rules in place due to its EU-IMF bailout, Ireland has few ways of spending to stimulate the economy. Today’s jobs program includes specific tax increases, including the tax on pensions, aimed at keeping government jobs spending from adding to the national debt.

Yeah. Call it a tax. “Theft” is such an ugly word.

The article contains a link to a slide show of 17 countries that appear poised to use this same tactic. Surprisingly, the USA wasn’t one of them. Il Duce must be slipping.

South Korea was #4 on the list: someone warn bingbing!

Coming in at #1 was — drumroll, please — Japan, a country with an aging population and two decades of economic stagflation under its belt.

But don’t worry if your country wasn’t on the list of those ready to pounce on your hard-earned retirement nest egg. They’ll get to you soon enough.

Tweet of the Day


O, Canada!

Never Let A Crisis Go To Waste: Earthquake? Tsunami? Global Warming!!!


We all knew this was going to happen – it was just a matter of “when”.  As it turns out, it didn’t take very long at all.

Hours after a massive earthquake rattled Japan, environmental advocates connected the natural disaster to global warming.  The president of the European Economic and Social Committee, Staffan Nilsson, issued a statement calling for solidarity in tackling the global warming problem.

“Some islands affected by climate change have been hit,” said Nilsson. “Has not the time come to demonstrate on solidarity – not least solidarity in combating and adapting to climate change and global warming?”

“Mother Nature has again given us a sign that that is what we need to do,” he added.

Lee Doren of the Competitive Enterprise Institute has been collecting some of the highlights – er, lowlights – via Twitter.  See them here at The Daily Caller.

UPDATE:  “Global warming alarmists are to natural disasters what the Westboro Baptist Church is to military funerals.” Just so.

UPDATE 2:  Tim Blair on Anthropogenic Tectonic Warming®.  You know it makes sense!

h/t @LDoren, @JTlol, @DailyCaller

O-bow-ma


Oh for fuck’s sake.

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Of course, the Chinese are calling him, Oba Mao.

It’s not the first time he’s done this, either.

bowingtoSaudiKing

Jesus Christ. I’m glad General of the Armies Douglas MacArthur isn’t around to see this.

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Mac’s Thought Bubble: “Fuck me, a leftard shit-head president.”

Obama Says Iran has a Right to go Nuclear: Good Luck New York


So, our president – who, as is becoming increasingly clear, lives in a fantasy world – says Iran has a right to have nuclear reactors.

“LONDON — President Barack Obama reiterated that Iran may have some right to nuclear energy _ provided it takes steps to prove its aspirations are peaceful…

Iran has insisted its nuclear program is aimed at generating electricity. But the U.S. and other Western governments accuse Tehran of seeking atomic weapons.

“Without going into specifics, what I do believe is that Iran has legitimate energy concerns, legitimate aspirations. On the other hand, the international community has a very real interest in preventing a nuclear arms race in the region,” Obama said.”

Yo, Obi-One, no nation that has leaders who proclaim that they want to wipe Israel off the map, and that also has ICBM’s that can reach New York City, has any right to anything nuclear. In fact, sanctions forever are all Iran deserves.

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Hey New Yorkers, how does this make you feel? If you thought 09/11 was bad, imagine what NYC would look like today if 09/11 had been a nuclear attack instead of just a couple of airliners laden with jet fuel. It’s not hard.

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Good night. Sleep tight.

Russia Backs Return to Gold Standard


It’s sort of a modified, limited hang-out, but Russia is promoting at least a partial return to the gold standard for international currencies.

“Arkady Dvorkevich, the Kremlin’s chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund.

Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical proposal.”

Too funny: Having money backed by real value is “radical.” No, it isn’t, it’s moral… but you can be sure the Russians and Chinese are not proposing this for positive moral ends, rather they have designs on taking advantage of the US mountain of debt that Obi-One has buried us under to weaken us economically. Still, I’m glad they brought this up, because it will strike fear into a lot of arrogant hearts, or it ought to.

If some countries return to the gold standard, international financiers and financial institutions will flock to those currencies and the US dollar and other unbacked fiat currencies will plummet into worthlessness. If that doesn’t worry you, it should. The US, GB, Australia and other western nations are in no position to return to the gold standard: Too much money in circulation and nowhere near enough gold to hitch to it.

Still, at some point this is going to happen, even if it takes a total global financial meltdown to achieve it… and it just might.

The choices will come down to this…

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…or this.

dinar11

Oh great: North Korean nuclear news


Old news but being reiterated today; North Korea has between five and eight nuclear warheads. This is according to Daniel Pinkston, of the International Crisis Group, who quotes un-named agencies (but probably the US). The missiles can be loaded onto Rodong missiles capable of reaching Japan. If true, Japan may go nuclear, too.

(H/T). US Congressional report here (16-page PDF).

Is this one of the international crises Biden was referring to?

One query: the first link in this post is from 2006, and quotes US sources. The second link quotes un-named sources. Anything to declare, President Obama?

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