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Archive for November 14th, 2010

World Edges Towards Financial Insanity.Near Bankrupt Ireland Can’t Print Money So Goes For “Quantative Cheesing” (And Palin is Ridiculed calling For Common Sense?)

Posted by M.Joseph Sheppard At Palin4President2016 on November 14, 2010

No I am not making this up-how could anyone? This is “economics” straight out of the world of the Bavarian Republic’s Cabinet Minister Dr.Lipp of glorious memory.

“The Irish agriculture minister, Brendan Smith, said the free cheddar scheme was ‘contributing towards the well-being of the most deprived citizens’. A caller to RTÉ radio asked, ‘have they taken leave of their senses?’

The country may be a few heartbeats away from intervention by the International Monetary Fund but today the Irish government had a novel message for the public: let them eat cheese.

Brendan Smith, the agriculture minister, announced a European Union-funded scheme today that will enable the country to tuck into the EU’s cheese mountain. 53 tonnes of fresh cheddar will be distributed from 15 November with collection centres in towns and cities around the country.”

And this highly ironic, but salutary column gives further background on this sad state of affairs, from the highly entertaining Nadeem Walayat, a regular contributor to the financial blog Market Oracle Walayat said:

“An exhausted Irish Government devoid of any new workable solutions to the spiraling debt crisis, unable to print money and inflate their way out of debt are instead announcing policies the likes of Quantitative Cheesing, which literally boils down to handing out parcels of cheese from the European Unions Cheese Mountain to Irish families to consume or trade as opposed to handing out money which they are unable to do. This is no joke, as a 55 ton handout of E.U. cheese is heading for Irish towns and cities, which does not exactly send a message of confidence to the financial markets as to the state of the Irish economy.”

America has the ability to print money and debase the currency.The idea being that banks, which are currently hoarding money, will be forced to lend it as it will lose value sitting in their vaults so to speak. Thus the economy will receive, at last, an injection of funds which will go to create jobs.

All well in theory but in practice the banks, instead of lending to small business/home purchasers do not have to take any risk with this money they can simply send it offshore. They can get high rates of interest in Australia for example, or they can use it to finance business ventures or real estate in the hot economies of Asia.

This of course exactly why President Obama got such a poor reception at the G20-these countries, which are overheating already e.g. China, do not want a huge pile of hot money pouring in and creating a bubble which will inevitably lead to a crash. Of course if that happens, the last bastion of economic growth for America to export to will collapse, leading to a further recession for the US economy.

With the US currency still a reserve currency (for the time being) America has the option of riding the recession out without cutting spending to the point where, like in Ireland, the economy goes further into recession. Neither does it have to endlessly print money which leads to inflation, as Sarah Palin pointed out, or worse, to stagflation. If, when the 2008 financial crisis hit, the rotten firms and banks had been left to go out of business and the natural business cycle had been allowed to let new, better firms and finance companies take their place, and the government had immediately cut taxes to ensure spending power went to where it was best used and needed, then we would not be in the seemingly intractable unemployment and stagflation situation we are in.

The tax cut option, is still the best way forward-Palin’s “common sense solution”. There is an alternative however, the USA can, like Ireland,become a beggar nation-perhaps the Chinese can send us mountains of noodles?

Posted in Uncategorized | 2 Comments »

Two Thumbs Up For Sarah Palin’s Alaska

Posted by Shane Vander Hart on November 14, 2010

imageI just finished watching the first part of the eight part new documentary on TLC called Sarah Palin’s Alaska.  I thoroughly enjoyed it.   The scenery was fantastic as former Alaska Governor Sarah Palin and her husband Todd went salmon fishing and then mountain climbing in Denali National Park on a section of  Mt. McKinley.  This first episode provided an interesting mix of Alaskan scenery and outdoor life with an inside look into the Palin family.

What I liked most about the show is that it shows the family uncut and unscripted.  There was some mention of politics as it related to their everyday life (her work with Fox News and their noisy neighbor for the summer), but for the most part the topic was avoided.  I also appreciated that the behind the scenes look gave you a sense that they are a real family with real challenges.  They didn’t seem to censor anything their kids said, for instance, Piper complained about how much her mom was on her Blackberry.  Governor Palin talked about the challenges of having teenage daughters.  You also saw a little mother-daughter conflict when a boy came over to the house.  Also Governor Palin admitted to (and demonstrated) a fear of heights when climbing Denali.  There didn’t seem to be any desire on the part of the Palins to put up a false image, but rather a desire to just be themselves.

This show looks to provide an unprecedented transparent look into the life of a political figure which is something that I appreciate.  I’m sure there will be naysayers who will point to the flaws, but most I believe will gain a new appreciation for Governor Palin, but more importantly, an appreciation for the state that she loves.

Shane Vander Hart is the editor of Caffeinated Thoughts, a popular conservative blog based in Iowa.

Posted in Sarah Palin's Alaska | Tagged: , , , | Leave a Comment »

Follow Her There!

Posted by Denise Spencer on November 14, 2010

Sarah Palin’s Alaska premiered tonight on TLC. This 8 part series introduces America to Alaska through the eyes of Sarah Palin and her family.

Check out the series Facebook page here as well as the official blog on TLC and the TLC series page here.

I don’t think that anyone can watch this show and not want to visit Alaska. This is not a political show, but a look at a beautiful state told by people who love living there.

Posted in Uncategorized | Tagged: , | Leave a Comment »

Dove Foundation Gives ‘Sarah Palin’s Alaska’ Rave Review; Updated with Video

Posted by Adrienne Ross on November 14, 2010

By Adrienne Ross –

Governor Palin shares the following on Facebook:

Happy to see that the Dove Foundation gave “Sarah Palin’s Alaska” a five out of five rating as uplifting entertainment for the whole family (follow the link to their review). That’s what we were hoping for in making this series as our love letter to Alaska. We made a positive family-oriented outdoor adventure that showcases America’s Last Frontier with its vast reserves of natural resources which can contribute to our nation’s security and prosperity. Please tune in to TLC tonight at 9pm/8pm central to join my family as we show you Alaska!

The review by CEO Dick Rolfe states:

“Sarah Palin’s Alaska” is chock full of the stunning, majestic landscapes at Denali Park and Mount McKinley, the highest mountain peak in North America. Nature’s beauty can also present dangerous challenges like angry momma bears and 100 ft deep ice crevices that could swallow up a careless climber.

This rugged backdrop offers some insights as to how Sarah and Todd Palin acquired the skills to overcome some of their own personal adversities; from the birth of their special needs child, Trigg to the cruel jabs leveled at them by political opponents and media pundits.

Sarah is seen as a typical mother with all the challenges of a parent with children from ages 2 to 18. Her husband and help-mate, Todd is not shy or quiet as he is often portrayed. Calm and secure are more appropriate adjectives that describe him. His calming demeanor helps keep the family on task and on track.

The first episode shows Todd and Sarah taking their kids on a fishing trip where they meet up with a few brown bears, and tackling a glacier and rock face at the foot of Mt McKinley. “I wanted to be a rock star, not a rock climber.”

This series will give the public a true-to-life, unvarnished look at Alaska’s former Governor and her family. Was this up-close-and-personal view a good move politically?

We’ll see what the future brings.

We certainly will. In the meantime, be sure to check out episode one of “Sarah Palin’s Alaska” tonight at 9:00 Eastern.

Update: “Sarah Palin’s Alaska” photo slideshow (courtesy of TLC) 

Vodpod videos no longer available.

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Palin News and Views

Posted by Dr. Fay on November 14, 2010

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Posted in Uncategorized | 1 Comment »