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Thomas Paine

To argue with a person who has renounced the use of reason is like administering medicine to the dead.

Sunday, December 4, 2011

4 December - Blogs I'm Following II

RBNS Sabha (FFG 90) participates in Exercise A...Image via Wikipediazunguzungu
Sunday Reading
Let us observe a juxtaposition: An Activist Stands Her Ground in Bahrain. Meanwhile, the U.S. ‘supercop’ tapped to train Bahraini police. And Why Even Bahrain’s use of ‘Miami model’ policing will not stop the uprising
Congress endorsing military detention, a new authorization of the use of military force (AUMF). As Thoreau points out:
A few weeks ago in the Establishment’s Mouthpiece Washington Post, the ever-popular Unnamed US  Official said:
“We have rendered the organization that brought us 9/11 operationally ineffective,” a senior U.S. counterterrorism official said. Asked what exists of al-Qaeda’s leadership group beyond the top two positions, the official said: “Not very much. Not any of the world-class terrorists they once had.”

anthropomorphic economics disease 

Fundamental to debt hawk beliefs is the idea that monetarily sovereign nations are like you and me. Thus, debt hawks practice “anthropomorphic economics.”
A monetarily sovereign nation is the monopoly supplier of its currency, which currency is not tied to any asset (like gold) or to a foreign currency. A monetarily sovereign nation has the unlimited ability, and the monopoly power, to create its currency.
The U.S., Canada, Australia, China and India are monetarily sovereign. The EU nations are not. That is why so many of the comparisons between Greece and the U.S. are false.


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Posted by opit at 10:31 PM
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