Monday, June 21, 2010
Spengler on the Flotilla
Friday, June 4, 2010
Spengler Exposes Petraeus
Tuesday, March 9, 2010
Israel and Iran
Friday, January 15, 2010
Pax Obamicana
Monday, December 14, 2009
Israel, Iran, Russia and Obama
Sunday, December 13, 2009
Spengler on Gold
Wednesday, September 9, 2009
The Palestinian Solution
Thank you Spengler. I suggested this decades ago.
Saturday, July 18, 2009
Spengler on Obama
Monday, June 22, 2009
Obama in Cairo
Friday, February 20, 2009
Bush and Obama's Islamic Fantasy
See my 6 February 2008 comments about Ahmed Ben Bella here: http://skepticaltexascpa.blogspot.com/2008/02/woodrow-wilson-upside-down.html. Talk of hypocrisy. In 1972 I knew a resident at Columbia Presbyterian hospital in New York. He told me visiting Saudis insisted on Jewish surgeons. I asked him why. He said because they know Jewish doctors are the best. What frauds. Is the 5,000 to one ratio unexpected? Our friend, La Griffe du Lion sheds some light on this. His February 2000 and September 2003 posts, http://lagriffedulion.f2s.com/dialogue.htm and http://lagriffedulion.f2s.com/ashkenaz.htm are instructive. We learn Nobel Laureates average IQ is 144, or +2.93 SD. At +2.50 SD measured IQs exhibit "fat tails" and +2.93 SD is not .9983 or one in 596 but about one in 250. With Jews IQ at one SD about the caucasian mean, 144 IQ is .9734, one in about 38 or eight times as common. We're not done. From IQ and the Wealth of Nations, I estimate the Islamic world's average IQ is 84. We're still not done. In these countries, to the extent measured, IQ SD is about 13, so 144 is 60 /13 or + 4.615 SD, roughly .999998 or one in 500,000; estimating the fat tail effect at 10X, we get one in 50,000. How many Ashkenzim are there worldwide with IQs over 144? 9 million / 38 or 237,000. How many Moslems? 1.45 billion / 50,000 or 29,000. Coincidence? We don't think so. If the Islamic world wants to advance, it should beg Jews to relocate to Islamic countries and throw the Koran's anti-Jewish passages in the garbage.
Spengler's ratios are misleading as he compared "stocks" and "flows", i.e., the number of Nobel Prizes awarded over time to numbers of people alive today. This comparison would make sense if the ratio of Jews to Moslems was stable since 1900. It was not. In 1950 there were 12 and 361 million Jews and Moslems, today there are 13 and 1,450 million respectively. The ratio changed from 1 to 30 to 1 to 111. Assuming an average ratio since 1900 of 50, we get one Nobel Prize for every 76,000 Jews alive in a given year and one per 217 million Moslems, a 2,855 to one ratio.
Friday, January 16, 2009
Gaza Madness
"Israel's assault on Hamas is just the latest in a long chain of military clashes, the scripts of which are always the same. ... Sooner or later, the tactics of the Palestinian terrorists work. The voices of protest in response to Palestinian suffering grow louder until international pressure stays Israel's hand. ... Palestinian children are dying today not because of Israeli brutality, but because their own leaders have chosen to use their children as human shields, and their pain as a battering ram against Western sensibilities. ... This reflexive 'understanding' for the Palestinian leaders' abuse of their own people is the heart of the problem. For decades the international community has actively assisted in building the terrorists' unique system of control--over where Palestinians live and in what conditions, and over what they think--by allowing terrorists to turn the refugee camps into the center of the Palestinian war machine. ... With the Palestinians, the U.N. does exactly the opposite, granting refugee status to the great-grandchildern of people who were displaced in 1948, doing nothing to dismantle the camps, and acting as facilitators for the terrorists' goal, of grinding an entire civilian population under their thumb. Nowhere on earth do terrorists get so much help from the Free World", Natan Sharansky at the WSJ, 6 January 2009.
"No phrase represents more of a triumph of hope over experience than the phrase 'Middle East peace process.' A close second might be the once-fashionable notion that Israel should 'trade land for peace.' Since everybody seems to be criticizing Israel for its military response to the rockets being fired into their country from the Gaza strip, let me add my criticisms as well. The Israelis traded land for peace, but they have never gotten the peace, so they should take back the land. ... So called 'world opinion' has been largely a negative factor in the situation. Nothing is easier than for people living in peace and safety in Paris or Rome to call for a 'cease fire' after the Israelis retaliate against people who are firing rockets into their country. The time to cease fire was before the rockets were fired. What do calls for 'cease fire' and 'negotiations' do? They lower the price of launching attacks. This is true not only in the Middle East but in other parts of the world as well. ... Anywhere in the world, attacks such as those on Israel today would not only have risked retaliation but invasion and annihilation of the government that launched those attacks. Today, so-called 'world opinion' not only limits the price to be paid for aggression or terrorism, it has even led to the self-indulgence of third parties talking pretty talk about limiting the response of those who are attacked to what is 'propotionate.' ... Or is the real agends to engage in moral preening from a safe distance and at someone else's expense. Those who think 'negotiations' are a magic answer seem not to understand that when A wants to annihilate B, this is not an 'issue' that can be resolved amicably around a conference table", Thomas Sowell, 13 January 2009 at http://townhall.com/.
"Sentimental attachment to Third World cultures, though, is a Western phenomenon; in the Third World as it actually exists, one encounters other cultures and kills them. It remains to be seen whether the president-elect is a Western sentimentalist, or a Third World anthroplogist who has talked his way into the leadership of the United States. ... Governance in Africa is not about ideology, but about the raw exercise of power. Confronted with multiple crises that threaten the power of the United States, this clever Luo from Hawaii by way of Indonesia may defend his prerogatives more ferociously than anyone expects", my emphasis, Spengler, 12 January 2009 at http://www.atimes.com/.
Michael Savage (MS) on 5 January blasted Jordan's Queen Noor (QN) claiming she lied about 1970's "Black September" movement and Jordan's response. MS said QN said 10,000 Palestinians were killed by Jordan's army in 1970. Wikipedia claims it was 7,000 to 25,000. Contemporaneous estimates were about 100,000. QN's future husband forced about 300,000 Palestinians into the West Bank, then under Israeli control. Let's cut QN some slack. In 1970 she was 19 and at Princeton so may not have heard about the events until years later. QN does not thank Israel for giving the "Palestinian Refugees" a place to live. In two Chechen wars, Russia may have killed 100-250 thousand Chechens out of 1.3 million. Also 300-500 thousand Chechens were "displaced". Where are the UN, EU and OIS protests?
Saturday, December 6, 2008
Ivy League Puppies
"Last week the excellent David Brooks, in one of his columns in the New York Times, exulted over the quality of people President-elect Barack Obama was enlisting in his new cabinet and onto his staff. The chief evidence for these people being so impressive, it turns out, is they all went to what the world--'that ignorant ninny,' as Henry James called it--thinks superior schools, Harvard, Yale, Princeton, Stanford, the London School of Economics; like dead flies on flypaper, the names of schools Obama's new appointees attended dotted Brooks column. ... This administration will be, as Brooks writes, 'a valedictocracy.' The assumption here is that having all these good students--many of them possible 'toll-frees,' as high school students who get 800s on their SATs used to be known in admissions offices--running the country is obviously a good thing. ... Since my appreciation of David Brooks is considerable, and since I agree with him on so many things, why don't I agree with him here? ... The reason is that, after teaching at a university for 30 years, I have come to distrust the type I think of as 'the good student'--that is, the student who sails through school and is easily admitted into the top colleges and professional schools. The good student is the kid who works hard in high school, piles up lots of activities, and scores high on his SATs, and for his efforts gets into one of the 20 or so schools in the country that ring the gong of sucess. ... His perfect resume in hand, he runs only one risk--that of catching cold from the draft created by all the doors opening up for him wherever he goes, as he piles up scads of money, honors, and finally ends up being offered a job at a high level of government. He has, in a sense Spike Lee never intended, done the right thing. ... My sense of the good student is that, while in class, he really has only one pertinent question, which is, What does this guy, his professor at the moment, want? ... Harvard--and Yale, Princeton, Stanford, and the --others--has over the past three or four decades made this contentment easy to achieve. All these schools have done so by becoming, at least in their humanities and social sciences sides, more and more mired in the mediocre. ... In recent years I have come to think that some of the worst people in the United States have gone to Harvard or Yale Law Schools: Mr. and Mrs. Eliot Spitzer, Mr. and Mrs. William Clinton, and countless others. And why not, since these institutions serve as the grandest receptacles in the land for our good students: those clever, sometimes brilliant, but rarely deep young men and women who, joining furious drive to burning if ultimately empty ambition, will do anything to get ahead", Joseph Epstein (JE), 8 December 2008 at http://www.weeklystandard.com/Utilities/printer_preview.asp?idArticle=15857&R=13D311E601.
I read Brooks, thought of posting on it, but will just quote Spengler. I love this guy. He channels my thoughts. Or I his. I disagree about pursuading the taxpayers. Joe Schmoe wants to see Zegna-suited bankers led to the guillotine or the hanging tree. I make the same observation about private equitys' returns and leverage here, 19 November 2008: http://skepticaltexascpa.blogspot.com/2008/11/lbos-and-banks.html.
JE is a professor at Northwestern University. His description of an ambitious mediocrity fits our current chief justice to a "T", my 19 July 2008 post: http://skepticaltexascpa.blogspot.com/2008/07/john-roberts-supreme-fraud.html. I trashed our Supremes on 26 January 2008, here: http://skepticaltexascpa.blogspot.com/2008/01/supreme-injustice.html. What do these Law School geniuses know? See my 22 December 2007 post citing Raymond Woodcock, JD/MBA Columbia, http://skepticaltexascpa.blogspot.com/2007/12/us-injustice-system-at-work.html.
Friday, October 3, 2008
Paulson's Plan Revealed
"Why should American taxpayers give US Treasury Secretary 'Hank' Paulson [HP] a blank check to bail out the shareholders of busted banks? ... If America is to adopt socialism, why not have socialism for the poor, rather than for the rich? Why should American households that earn $50,000 a year subsidize Goldman Sachs partners who warn $5 million a year? ... Part of the problem is that Wall Street, like the ethnic godfather in the old joke, has made America an offer it can't understand. ... Contrary to what the Bush administration says, it is not the case that banks' troubled mortgage assets cannot be sold in the private market. ... Why is Lehman bankrupt, and Goldman Sachs still in business? ... Where, oh where, is America's Vladimir Putin, who will drive the oligarchs who have stolen the country's treasure and debased its currency", Spengler at http://www.atimes.com/, 22 September 2008.
"While it is dizzying to predict how this plan will be implemented, it is fairly simple to forsee the macroeconomic consequences. The U.S. dollar will be shattered beyond repair. ... The global mass exodus from the U.S. dollar and Treasury debt is about to begin: do not get caught in the stampede", Peter Schiff at http://www.europac.net/, 19 September 2008.
"To bankers and politicians who insist that the world will come to an end if the US Congress does not approve the proposed $700 billion bailout package, I wish to say, 'It is not the end of the world. It is just the end of you.' Sadly, it won't be. America's financier caste will live to fleece another day. ... The trouble is that the banking system is insolvent; that is, it lacks sufficient capital to hold its existing portfolio if assets, let alone to make new loans. ... Why anyone believes that the Treasury plan will prevent widespread economic misery is unclear. ... Nonetheless, the bailout package will pass in some form. America's intellectual class, right, left and indifferent, is too dependent on the begging-bowl proferred to the financier class to conceive of its existence after the prospective demise of its patrons", my emphasis, Spengler at http://www.atimes.com/, 1 October 2008.
Why does HP care what Wall Street executives earn, unless that is what his program is about: maintaining executive compensation. Suppose a firm fails to participate to continue to pay its executives fortunes? Where are our corporate governance people? Where is such a firm's Board? Would such an executive be sued for breach of fiduciary duty if his firm could have gained from the program? Will HP disclose which firms were so concerned about their exceutives' pay they opted to save the taxpayers money and taken their chances in the market?
Wednesday, September 24, 2008
Spengler on Leverage
Connie Yu, are you listening yet? Come home. Go to work for Exxon USA!
Monday, September 22, 2008
Spengler Channels Carlin
"Many in Washington have described Russia's attack on Georgia as a turning point in international affairs. ... The attack on Georgia will go down not as the dawn of a new era of Russian power but as a major strategic blunder. ... The truth is, we're not in the 19th century, where the Russian intervention would have been standard operating procedure for a great power. ... Its actions are deplorable but the reaction to them--worldwide--is a sign of how much the rules have changed. ... The problem is not that Russia has been integrated into a world order that has failed to deter it, but rather that the country reamins largely unintegrated--and thus feels it has little to lose by breaking the rules", my emphasis, Fareed Zakaria (FZ) at Newsweek, 8 September 2008.
"'At no time did the U.S. attempt to train or equip the Georgian armed forces for a conflict with Russia,' [LTC Robert Hamilton] says. ... Even so, Newsweek has learned, NATO didn't bother to formally assess any of the new members' defense needs before they joined. 'The attitude was, the more the merrier,' says retired U.S. Air Force Gen. Charles Wald, deputy commander of U.S. forces in Europe through the early years of this decade. 'NATO didn't really look at the Article 5 part of it'," Newsweek, 15 September 2008.
Black humor? Do I detect racism afoot? I remember the Washington, DC school district banned the use of the word, "niggardly". Ouija board? Who needs one if you have a hermetically sealed mayonnaise jar? I may have grown up with Spengler. He talks of the mafia in Bensonhurst and NY's parking problems. I thought for decades it would be a pleasure to get rid of the UN and its army of rude "diplomats" armed with "DPL" and "FC" plates double-parking all over NY! Bensonhurst, no way; Bay Ridge! Yeah, Colonial Road in the 90s! Brilliant, I never thought of a motorized wheelchair brigade! Go Spengler. I add, domestic policy too! Victor Davis Hanson, please read this. I suggested "showing the Russians" with my "Paulson-Gates-Rice" position swap, 15 September 2008 post.
What really happened FZ? Your illusions were blasted into oblivion by Czar Putin's tanks. Grow up. That's how the world works. Read Thomas Hobbe's Leviathan, 1651. You might learn something. Nations exist in a "state of nature". What is it you don't understand? What does FZ think we should do with Russia, send it to bed without any supper? Put Russia in detention? Keep Russia after school? FZ, read Oliver Wendell Holmes comments at my 25 April 2008 post.
I return to 1960 and Katanga's revolt against the central Congo government in Leopoldville. The USSR backed Patrice Lumumba. Moise Tshombe, backed by Belgium and certain Western interests, led Katanga's revolt. The US airlifted a UN force into the Congo to fight for Lumumba. At times, the UN forces fought Tshombe's. The US backed another group, Joseph Kasavubu's and wanted to keep the Congo, now Zaire, intact. In 1963 the UN forces defeated Tshombe's reuniting the Congo. I remember thinking at the time: what is Ike doing? Why are we involved in a civil war on the other side of the Atlantic, fighting on what seems to be the USSR's side against our "ally" Belgium? I now add, in "reassembling" the Congo, we established a precedent opposed to our treatment of Kosovo.
Didn't look at Article 5 of NATO. Amazing.
