My next project is solar and wind, right now I rely on wood, living in the woods that makes sense. However, it would be great to go completely off grid.

Peace!

Lester Ness
Kunming
China

Lester Ness
Kunming
China

[AFP September 8, 2008]

Your Right Wing Corporate Socialist Welfare System at work. None of this will work in any but the shortest term, by the way. No homeowner or prospective home buyer will benefit. It will not help the real estate market recover. The point is to protect the Banks and those financial interests holding the bundled paper.

The effect on dollar will be very transient. There is another unavoidable recursion at work. The word is that this move could cost the Federal Government $100 billion. I find that a very reserved estimate and suspect it is closer to half a trillion at minimum.

Strange that the kneejerk ideologues who exclaim, “Socialism!”, at even the suggestion of a rationally planned and constitutional nationalization of US–actually multinational oil–seem to be fairly quiet, indeed as quiet as they were when the Fed moved to guarantee the bail out of Bear Stearns.

American economic illiteracy, even among leading economists, is egregious.

About the only things he might do now to save any remnants of a reputation as a Constitutionalist and a Libertarian are:

(1) come out strongly and loudly for impeachment, even at this late date;

(2) advise all his supporters and anyone who agrees with what he has been mouthing about the Constitution and his opposition to Bush’s and Cheney’s wars to vote, following Paul Craig Robert’s reasoning, for Obama, strictly as a negative vote aimed at destroying the Republican Party.

Short of that, one has to consider him as much of a fraud and empty suit and spoiler as Nader.

War Veteran and Proud is clearly an American. No one schooled in a major foreign country would reason and write so poorly.

Destroying the Republican party would also destroy the myth of a partisan, two party system. The warbird of state would have to limp along on only one wing. The vacuum ensuing from such a political shock could allow a real alternative, hopefully a libertarian one, to emerge to stand up to the statist Democrats. All those who cannot stomach the Democrats would now have a genuine choice and not the Republicans’ empty slogans. How many votes during the last generation have libertarian candidates lost to the Republicans because of fear that such a vote would really benefit the Democrats?

In Europe, roughly $39 billion in Fannie and Freddie debt is held in Luxembourg and $33 billion more in Belgium, countries that are home to large investment management firms. Investors in Britain hold $28 billion, and Russian buyers hold $75 billion. Sovereign wealth funds in the Middle East are also believed to be big investors in Fannie and Freddie debt….”

NYT July 21, 2008.

By the way, War Veteran and Proud, did you happen to note that Putin said the other day there there WILL be a response to continuing US provocation in Georgia, including to the US and NATO ships now blundering around the Black Sea?

Gee, one wonders what it will be?

Got a military solution to that as well, War Veteran and Proud?

By the way, what country’s military service are you a veteran of again?