06/2/17

Magnum opus: Humanity at crossroads

By: Wim Grommen

Every production phase or civilization or other human invention goes through a so called transformation process. Transitions are social transformation processes that cover at least one generation. In this article I will use one such transition to demonstrate that humanity is at a crossroads: up to a third world war or will humanity create new heaven on earth.

When we consider the characteristics of the phases of a social transformation we may find ourselves at the end of what might be called the third industrial revolution. Transitions are social transformation processes that cover at least one generation (= 25 years). A transition has the following characteristics:

  • it involves a structural change of civilization or a complex subsystem of our civilization
  • it shows technological, economical, ecological, socio cultural and institutional changes at different levels that influence and enhance each other
  • it is the result of slow changes (changes in supplies) and fast dynamics (flows)

Examples of historical transitions are the demographical transition and the transition from coal to natural gas which caused transition in the use of energy. A transition process is not fixed from the start because during the transition processes will adapt to the new situation. A transition is not dogmatic.

Industrial Revolution

Figure: demographical transition

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06/2/17

JOBS DATA AT 8:30 AM

By: Kent Engelke | Capitol Securities

The BLS releases the May employment report at 8:30 am. A potential upside surprise may occur, the result of a strong ADP private employment survey released yesterday.

Partially because of the data, the Atlanta Fed increased its estimates of second quarter growth to 4.0%. This would be the strongest growth rate since September 2014 pace of 5.0%, growth that was partially the result of massive inventory accumulation.

Dodd Frank was also fully implemented in September 2014, the regulatory behemoth that I believe has crushed the animal spirits.

Private job creation is one of the greatest generator of economic activity. Even if Trump’s deregulation polices fall flat, the mere reprieve of additional regulations is uncaging animal spirits.

Analysts are expecting a 180k and 173k increase in non-farm and private sector payrolls, respectively, a 4.4% unemployment rate, a 0.2% increase in average hourly earnings, a 34.4 hour work week and a 62.9% labor participation rate (LPR).

As noted the other day, the consensus view from the “Blue Chip Economists” is for annual growth not to exceed 1.8% for the next ten years or the around the same rate of the last 10 years.

The rational for this anemic growth rate is simplistic… reduced transfer payments, the slowing of the demand side (consumer) of equation and a systemically lower LPR the result of the retirement of the baby boomers.

I do not agree with the above assessment. Yes the demand side of the equation is slowing, the result of everyone owning almost everything they may need or want. But what about the supply side as the major contributor for growth, growth that historically increases both wages and productivity? Such investment has been moribund for over 15 years.

Regarding transfer payments… transfer payments have never produced the growth that such increases have projected.

Regarding the LPR, the data clearly suggests the LPR is rising for retirees, but falling for those in their peak earning years of 30-55. It is this segment that the LPR must rise and will if the economy demands.

The ramifications of healthy jobs market accompanied by a rising LPR are huge in so many dimensions, especially politically.

And then there is the possible roll back of Dodd Frank. The House is expected to roll back the more onerous provisions on June 8. I rhetorically ask what happens to growth and inflationary expectations if monetary velocity accelerates and funds gravitate back into the real economy? Is this why the small caps rose by the greatest amount yesterday in 3 months? I think yes.

George Soros stated yesterday globalism/the EU is in an “existential crisis,” partially the result of Trump/Brexit. If Trump’s proposals are legislated, the result of greater growth, economic nationalism could again become the dominant political/economic philosophy.

Last night the foreign markets were up. London was up 0.42%, Paris was up 0.98% and Frankfurt was up 1.67%. China was up 0.09%, Japan was up 1.60% and Hang Sang was up 0.44%.

The Dow should open moderately higher but his could change radically given the significance of the upcoming data. The 10-year is unchanged at 2.21%.

06/2/17

Finally, Conservatives Are Fighting Back!

By: Lloyd Marcus

For years, I have been extremely frustrated with my fellow Republicans and Conservatives allowing Leftists/Democrats to dictate how we’re allowed to fight for our ideas. Meanwhile, Leftists/Democrats can promote whatever violence inciting lie they deem necessary. Remarkably, despite overwhelming evidence proving otherwise, Leftists are still promoting the lie that black criminal Michael Brown was gunned down by a white racist cop while surrendering with his hands up. http://bit.ly/2gZOapH

Leftists can say and do disgusting things publicly in front of innocent children outrageously decreed by fake news media to have the moral high ground.

Here are just a few examples of what I am talking about. On Trump’s Inauguration Day at the anti-Trump Women’s March in DC, thousands wore what they crudely called p***y hats. http://bit.ly/2jnfwXM From the podium, in a gross way, Ashley Judd spoke of menstrual blood and women’s private issues. http://bit.ly/2rUup8V My late mom would have been shocked and extremely embarrassed. Madonna boldly proclaimed her desire to blow up the White House. http://read.bi/2rUq3Pm Fakes news media would have demanded the immediate prosecution of a tea party person saying the same.

In 2010, over a million Tea Party Americans gathered in Washington DC to oppose Obamacare. The peaceful polite crowd left the place cleaner than they found it. Fake news media despicably told our country it was a mob of haters against their black president. Leftists routinely trash the cites of their rallies. http://bit.ly/2rUsJwj

Democrats countered the Tea Party with their own fake spontaneous movement called Occupy Wall Street. The assorted groups of anti-American fruits and nuts in attendance were highly praised by Democrats and fake news media. They were allowed to break the law; leaving mountains of trash and committing crimes which included rapes. Occupy Wall Street operatives disgustingly dumped a bucket of feces into the lobby of a public building.

With no rebuke from fake news media, Black Lives Matter protesters marched down a New York street chanting. “What do we want? Dead cops. When do we want them? Now!!!” http://bit.ly/2bHu0gp

Recently, the California Democrat Chair instructed his audience, “All together now, f*ck Donald Trump!” http://fxn.ws/2qPFxkv

As a black Tea Party activist who has participated in over 500 Tea Party rallies, never have I witnessed such language toward President Obama.

Rush Limbaugh created a fake news media firestorm and was deemed a traitor when he courageously said because he loves his country he hoped Obama’s mission to transform America failed. And yet, fake news media celebrates the Democrats’ “Resistance Summer” movement against Trump. http://bit.ly/2rFgJ22 Is it a stretch to say that Leftists openly attempting to block Trump’s efforts to make America great again is an act of treason?

Vile Leftist activist Kathy Griffin published a disgusting photo of her holding the bloody beheaded head of President Trump. http://bit.ly/2smxmM3 Imagine the tsunami of fake news media outrage had a Tea Party person published such a photo holding Obama’s bloody head.

Rabid Leftist Trump hater and TV host Bill Maher made mean-spirited incest jokes about Donald and Ivanka Trump. http://fxn.ws/2qLewAY Again, imagine the furious anger and dire consequences had a conservative made such jokes about Obama and his daughters.

Do you see the pattern folks? Leftists lay down all kinds of rules for us, while they are allowed to behave without laws or rules of human decency.

Leftists’ ultimate goal is to silence all opposition to their mission to transform America. Emboldened by their successful removal of big-fish Bill O’Reilly from Fox News, Leftists are going after powerful conservative TV and radio host Sean Hannity.

Thank God, finally, conservatives are waking up and fighting back. Brian Maloney and Melanie Morgan have declared it time to stop the scalpings, launching “Operation Fight Fire With Fire.” I love it! Atop their list of extreme Leftists to push back against their lies is Rachel Maddow. http://bit.ly/2rF8Jhs Folks, I know you join me in thinking, “It’s about time!”

Candidly, I am still basking in the after glow of Trump’s election, thanking and praising God for delivering us from the edge of losing our country had Hillary won. But, we must stay engaged in the battle to preserve our victory. Freedom ain’t free folks. Enraged Leftists have cranked up their no-holds-barred opposition to Trump setting us free from Obama’s legacy to unprecedented levels. Even treason against their country is deemed an acceptable tactic to remove Trump from office to resume Obama’s transformation of America.

As God gives me strength, that ain’t happenin’ on my watch.

Lloyd Marcus, The Unhyphenated American
Author: “Confessions of a Black Conservative: How the Left has shattered the dreams of Martin Luther King, Jr. and Black America.”
Singer/Songwriter and Conservative Activist
http://LloydMarcus.com

06/2/17

Communists Make Conservative Friends

By: Cliff Kincaid | Accuracy in Media

A top official of the Communist Vietnamese dictatorship spoke on Wednesday at the Heritage Foundation in Washington, D.C. The speech was entitled “Opportunities and Challenges to Peace, Security, Cooperation and Development in the Asia-Pacific and the Growth of Vietnam—U.S. Comprehensive Partnership.” It was advertised on the Heritage website with a beautiful scenic photo, apparently of Vietnam, carrying the caption, “In the midst of complex issues, Vietnam is working to find the best path forward to guarantee the prosperity and security of its people.” It sounds like heaven on earth.

But Rep. Chris Smith (R-NJ) says, “Vietnam has one of the world’s worst human rights records with severe censorship of the Internet and press, harsh restrictions on religious and ethnic communities, and active suppression of political participation and environmental demonstrations.” Yet, he says, “…Vietnam often gets a free pass on human rights. There is little media coverage of human rights abuses and diplomats are so focused on the fact that Vietnam is ‘not China’ that this oppressive police state is granted trade and security benefits without conditions.”

The speaker at Heritage was “His Excellency Nguyen Xuan Phuc, Prime Minister of Vietnam.” On the same day, he met with President Donald Trump “to strengthen our bilateral relationship and deepen regional cooperation with one of America’s important partners in Southeast Asia.”

A Trump meeting with this communist official may be just a matter of diplomatic courtesy. But the purpose of the Heritage Foundation is to promote and advocate for “the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.” The idea behind the invitation to a top Vietnamese communist must be that providing this important platform from a prestigious Washington, D.C. think tank is somehow consistent with the Heritage Foundation’s pro-freedom philosophy. But how is this possible?

You don’t have to read very far in the State Department’s 2016 human rights report for Vietnam to get the picture: “The Socialist Republic of Vietnam is an authoritarian state ruled by a single party, the Communist Party of Vietnam (CPV), and led by General Secretary Nguyen Phu Trong, Prime Minister Nguyen Xuan Phuc, President Tran Dai Quang, and Chairwoman of the National Assembly Nguyen Thi Kim Ngan. The most recent National Assembly elections, held on May 22, were neither free nor fair, despite limited competition among CPV-vetted candidates.”

The State Department says, “The most significant human rights problems in the country were severe government restrictions of citizens’ political rights, particularly their right to change their government through free and fair elections; limits on citizens’ civil liberties, including freedom of assembly, association, and expression; and inadequate protection of citizens’ due process rights, including protection against arbitrary detention.”

In short, it’s your typical ruthless Communist Party dictatorship.

Vietnam’s constitution was supposedly amended in favor of allowing more dissent in 2013, but Article 4 still declares, “The Communist Party of Vietnam, the vanguard of the Vietnamese working class, simultaneously the vanguard of the toiling people and of the Vietnamese nation, the faithful representative of the interests of the working class, the toiling people, and the whole nation, acting upon the Marxist-Leninist doctrine and Ho Chi Minh’s thought, is the leading force of the State and society.”

Those who say this is just communist rhetoric do not understand the international communist movement. These words mean something. Vietnam and China may have disagreements over territory, but they are still members of a movement that was started by Karl Marx, the father of communism, and designed to use world revolution to achieve the goal of world communism. Along the way these regimes are always anxious to tap the capitalist powers for money and resources. Indeed, they see their countries going through a capitalist phase on their way to a pure communist state.

Last December, Vietnamese President Tran Dai Quang arrived in Havana, Cuba, for what was described as a three-day official visit designed “to strengthen the brotherhood and comprehensive cooperation between the two countries.” Before that, Salvador Valdes Mesa, Vice President of the Council of State and Special Envoy of First Secretary of the Communist Party of Cuba’s Central Committee, visited Hanoi, Vietnam to continue “the traditional friendship, comprehensive cooperation, and solidarity between the two Parties, States and peoples.”

The international communist movement is alive and well.

In addition to the Heritage visit, the Vietnamese communist invasion of Washington, D.C. involved two full-page ads in The Washington Times on Monday. These ads were significant for their very appearance in the conservative alternative newspaper to The Washington Post.

One advertisement was a “Message by Vietnam’s Prime Minister Nguyen Xan Phuc,” showing him smiling and waving above Vietnamese and American flags. It declared Vietnam “a sovereign nation with an independent foreign policy” and “a partner that deeply values its relations with the U.S.” The other “Friends of Vietnam” advertisement urged weapons sales to Vietnam, and showed a picture of U.S. Navy officials being greeted by communist Vietnamese military officers. “Since Washington lifted the arms embargo last year,” the ad said, referring to an Obama administration action, “Vietnam has been in talks with Western and U.S. arms manufacturers…”

A lot of money can be made.

These clever ads touted ties with such companies and institutions as Boeing, Lockheed Martin, GE and Harvard. The Vietnamese promised to buy more U.S. dairy cows and in return would send more shrimp, fish, apparel, and footwear to the U.S. “More than 31,000 Vietnamese students are pursuing their higher education in the U.S.,” the ad proclaimed.

Quan Q. Nguyen, M.D., chairman of a group called Rallying for Democracy in Vietnam, provided a far different story at a congressional hearing recently conducted by Rep. Smith. “There are no free and fair elections,” he noted, “and no independent unions to protect the millions of Vietnamese workers. People who disagree and express their own opinions in a peaceful way are imprisoned.”

“Only a democratic Vietnam can be U.S.’s true reliable strategic partner in Asia,” he added.

Nguyen Dinh Thang, Ph.D., the President and Chief Executive Officer of Boat People SOS, described how the human rights situation has been deteriorating, and noted the case of Pastor Nguyen Cong Chinh and his wife, Mrs. Tran Thi Hong. “Pastor Chinh was sentenced to 11 years in prison for his pastoral services to Montagnard Christians in the Central Highlands. In prison, he was subjected to different forms of torture, including solitary confinement, beatings, and denial of medical treatment. Prison guards even mixed pieces of broken glass and fragments of lead wire in his daily food rations.”

In a case of an extrajudicial killing of a Montagnard Christian, Thang cited Pastor Ksor Xiem of the Dega Church in Gia Lai Province, who was taken to the police station on Christmas Eve of 2015, “refused to recant his faith and got brutally beaten by his interrogators.” He died of fatal injuries caused by torture 15 days later.

Considering the non-stop coverage of Russia-gate, one would think that the media would be on guard for disinformation or propaganda operations waged by foreign governments in the U.S. Let’s see if the media blow the whistle on the Vietnamese communist official’s visit to Washington, D.C. His obvious purpose is to fool the U.S. government, American businesses, and think tanks into believing there is real positive change in Vietnam, that the country is going capitalist and is open for business, and that the regime wants to help the U.S. counter China.

Speaking of the Russians, who supported Communist Vietnam’s conquest of South Vietnam, which cost 58,000 American lives, we have fresh evidence that President Vladimir Putin is still cognizant of his communist roots. Prensa Latina, the official state news agency of Cuba, has published an article about the Russian Communist Party meeting in Moscow “with the attendance of 340 delegates and foreign guests.” The Russian Communist Party is not only legal but a significant force in the Russian parliament, or DUMA. It has the second highest number of seats, behind Putin’s United Russia party.

An official letter of welcome from Putin “was read in the main political forum of the Russian communists in this capital, amid the preparation of celebrations for the centenary of the Great October Socialist Revolution,” Prensa Latina reported. “The Russian Communists are preparing a series of activities to celebrate the triumph of the revolution led by Vladimir Ilyich Lenin.”

The communists have a lot to celebrate. They should be ecstatic that many Americans, including some conservatives, believe that communism is dead.


Cliff Kincaid is the Director of the AIM Center for Investigative Journalism and can be contacted at [email protected] View the complete archives from Cliff Kincaid.