Daily Archives: 17 December 2012

Jerusalem sites sprayed with anti-Christian graffiti

open quote Vandals sprayed anti-Christian graffiti on a monastery and a Christian cemetery in Jerusalem overnight, in two apparent “price-tag” attacks, police told AFP on Wednesday.

“Overnight, graffiti was sprayed on the gates of the entrance of the Armenian cemetery reading ‘Jesus is a son of a bitch’ in Hebrew, and on a monastery belonging to the Greek Orthodox saying the same thing,” police spokeswoman Luba Samri said.

Samri said the attackers also wrote “Happy Hannukah” and “price tag” at the second site, the Valley of the Cross monastery, and slashed the tyres of nearby cars.

“Price tag” is a euphemism for revenge hate crimes by Israeli extremists, which normally target Palestinians and Arabs.

Initially carried out in retaliation for state moves to dismantle unauthorised settler outposts, they have become increasingly unrelated to any specific government measures.

The attacks tend to involve the vandalism or destruction of Palestinian property and have included multiple arson attacks on cars, mosques and olive trees. close quote (Read more)

Krugman: “The U.S. government is having no trouble borrowing to cover its deficit. In fact, its borrowing costs are near historic lows.”

In his latest propaganda dispatch, Krugman writes:

open quote It’s important to make this point, because I keep seeing articles about the “fiscal cliff” that do, in fact, describe it — often in the headline — as a debt crisis. But it isn’t. The U.S. government is having no trouble borrowing to cover its deficit. In fact, its borrowing costs are near historic lows. And even the confrontation over the debt ceiling that looms a few months from now if we do somehow manage to avoid going over the fiscal cliff isn’t really about debt.

No, what we’re having is a political crisis, born of the fact that one of our two great political parties has reached the end of a 30-year road. close quote

This is such a flagrant distortion that it makes my blood boil.

Basically, the US government is lending money to itself at an artificially low interest rate. This allows professional propagandists like Krugman to claim that the US is having no trouble borrowing money.

The US holds over 6.3 trillion dollars worth of its own debt. By contrast, China holds about 1.1 trillion. (source)

See???

What they’re effectively doing is printing money to buy their own debt. The effect of this is that they steal the saving of everyone in the world who uses dollars. This is going to be a goddamn catastrophe. I recommend guns, gardens and gold.

Marc Faber: “Paul Krugman Should Go And Live In North Korea”

“The views of the Keynesians like Mr. Krugman is that the fiscal deficits are far too small. One of the problems of the crisis is that it was caused by government intervention with fiscal and monetary measures. Now they tells us we didn’t intervene enough. If they really believe that they should go and live in North Korea where you have a communist system. There the government intervenes into every aspect of the economy. And look at the economic performance of North Korea.” (Read more)