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Posts Tagged ‘Western Civilization’

 

Ruth_and_Naomi_Leave_Moab

Ruth and Naomi Leave Moab, 1860, by Julius Schnorr von Carolsfeld (1794-1872).

He [the Lord] pours contempt on princes, and disarms the mighty. He uncovers deep things out of darkness, and brings the shadow of death to light. He makes nations great, and destroys them; He enlarges nations, and guides them. He takes away the understanding of the chiefs of the people and of the earth, and makes them wander in a pathless wilderness. They grope in the dark without light, and He makes them stagger like a drunken man (Job 12-21-25).

 

“Many councils lack strategy for care of returning ISIS fighters’ children,” ran the Radio Sweden headline. Sigh. What shall I say to this?  When coming across an absurdity of this magnitude, I’m almost at a loss for words. Almost, but not quite.

In the article from what I take to be the official Swedish government radio outlet , we are informed earnestly, and one supposes sincerely, that there are grave concerns many areas of Sweden are ill-equipped to deal with problems faces by the families of returning ISIS fighters. Only Gothenburg, we are told, has a strategy in place for this.

Terrorism researcher Magnus Ranstorp states that about 65 women have returned to Sweden after spending time is ISIS controlled areas. Notably Ranstorp says nothing about the status of their husbands who presumably are the actual ISIS fighters.

Ranstrop goes on to note that boys as young as nine have been recruited as soldiers for ISIS, girls are considered marriageable at that same age, and that ISIS uses children as informants against their parents.

Of course, the most obvious question – Why on earth were such people ever allowed to settle in Sweden in the first place, let alone return there after fighting for ISIS? – is never asked. The only concern is how to care for the traumatized families, especially the children, who, based upon what was said in the article itself, may themselves by ISIS recruits.

This is madness.

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david-stockman

David Stockman

This time last week it was 75 degrees and sunny. Today? Well, let’s just icy roads and accidents made the morning commute a little more exciting than usual. How can the weather change so much in seven days?!

 

Well at least one thing hasn’t changed over the last week, and that’s the dicey state of the nation’s economy. With the stock market hitting records level, that may seem like an odd thing to say. But the economy is not the same things as the stock market.

In fact, the past several years have seen an almost inverse relationship take hold between the performance of the Dow Jones and S&P indices and important economic indicators. In a normal, rational economy, if corporate earnings decline or unemployment spikes signaling a economic slowdown, the stock market should decline.

But in today’s Keynesian casino markets, bad economic news is good news from the markets perspective. Why is this? It all has to do with the Federal Reserve’s interest rate policy. You see, bad economic news means big money speculators believe the Fed will continue its policy of suppressing interest rates to near zero to stimulate economic growth. On the other hand, if the economy appears to be doing well, the market starts to think the Fed may hike interest rates, making stocks a less attractive opportunity. Thus the stock market goes down.

In short, it’s a stupid economy that rewards fraud and punishes success.

And after over eight years of stupidity such as near zero percent interest rates, we are now faced with simultaneous Fed created bubbles in stocks, bonds and real estate, which will all at some point burst. And that leads me into today’s story…

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