US To Bail Out The EU?

Quite possibly.

From MSNBC.com:

The U.S. is coming to Europe’s financial rescue.

So far, America’s role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America’s status as the single largest source of money for the International Monetary Fund.

The latest round of American financial assistance came Thursday with a promise by the Federal Reserve to swap as many dollars for euros as European bankers need. In the short run, those transactions won’t have much impact because the central banks are simply swapping currencies of equal value. If the move helps avert a wider crisis, it could help spare the global economy from another recession.

But over the long term, consumers could feel the impact of central bankers flooding the financial system with cash, according to John Ryding, chief economist at RDQ Economics.

“This is a lender of last resort function,” he told CNBC. “With the dollar injections that the Fed has done, it’s like giving a patient medicine with really bad side effects.” Ryding said the bad side effect in the U.S. has been inflation, which has picked up to 3.8 percent year over year.

Fed policymakers meet next week to decide whether the flagging U.S. economy needs another round of easy-money measures that could include buying more Treasury bonds to push more cash into the financial system.

So far, no one has floated publicly the idea of the U.S underwriting a broader bailout of the European financial system. But Senate Republicans have already voiced concerns over such a move

Your taxpayer dollars at work.

BZ

Nobel Prize Winner Resigns Over “Global Warming”


From FoxNews.com:

The global warming theory left him out in the cold.

Dr. Ivar Giaever, a former professor with Rensselaer Polytechnic Institute and the 1973 winner of the Nobel Prize in physics, abruptly announced his resignation Tuesday, Sept. 13, from the premier physics society in disgust over its officially stated policy that “global warming is occurring.”

The official position of the American Physical Society (APS) supports the theory that man’s actions have inexorably led to the warming of the planet, through increased emissions of carbon dioxide.

Giaever does not agree — and put it bluntly and succinctly in the subject line of his email, reprinted at Climate Depot, a website devoted to debunking the theory of man-made climate change.

“I resign from APS,” Giaever wrote.

Giaever was cooled to the statement on warming theory by a line claiming that “the evidence is incontrovertible.”

“In the APS it is ok to discuss whether the mass of the proton changes over time and how a multi-universe behaves, but the evidence of global warming is incontrovertible?” he wrote in an email to Kate Kirby, executive officer of the physics society.

“The claim … is that the temperature has changed from ~288.0 to ~288.8 degree Kelvin in about 150 years, which (if true) means to me is that the temperature has been amazingly stable, and both human health and happiness have definitely improved in this ‘warming’ period,” his email message said.

To deny so-called “Global Warming” is to deny the standard 70s VW van bumper stickers:

  • Question Authority
  • Disco is to music as Etch-A-Sketch is to art

Or, more pointedly, as AlGor says: “Global Warming skeptics are this generation’s racists.”

“Global Warming” is more specious bullshit prompted by the Religious Left in order to take control, by government, of various corporations, processes, agencies, businesses, with the purposeful confiscation of additional monies from American taxpayers in mind. Laws are being drafted and advocated that would completely collapse entire viable economic systems.

With the final goal to be the complete enabling of Cloward-Piven, the destruction of this country, the subsumation of American Power, and the triumph of government and Socialism over any amount of the private sector.

Socialist powers wish to re-create Europe. When, in fact, those selfsame powers cannot see that this paradigm clearly does not work — not then — not now. With Europe abandoning its former thoughts.

What was said about history?

– Those who do not remember the past are condemned to repeat it. George Santayana

BZ

Blogger — And Your Blog

I’m having problems with Blogger.

Certainly, I’ve gotten my “money’s worth” out of the free site. All of it and more.

Since I signed up for free in early 2004, when my previous relationship was falling apart.

Since then, I haven’t changed the template or anything about the blog with the exception of a few custom updates enabled by — thankfully — Robert. Thanks again to you, dude.

Since then, Blogger wants me to “update my template.” And update it now.

To me this translates to: “lose all your previous postings.”

Which is why, if you’ve wondered, my small point on the Blogosphere hasn’t much changed in seven + years.

I’ll freely admit: I’m quite afraid of what I’ll get.

And further: I’m quite afraid of technology in general. Because I’ve had it obscure and wipe out many things I’ve acquired in the past with regard to hundreds — if not thousands — of incredibly important photographs.

Which are now gone. Immeasurably. Gone. Irretrievably. Gone.

I’m considering transmigrating to the “New Blogger.”

Can anyone tell me what I’ll find and experience?

What are the consequences of migrating from “old Blogger” to the “new Blogger”?

Can anyone enlighten me, pretty please?

BZ