Here we have a video posted by a young Italian journalist who took it upon himself to provide us with the images behind the cameras in the "spontaneous" demonstrations that take place in the Palestinian territories and throughout the Middle East. Many of these photographers are Arabs, Palestinians and religious Muslims who work as free lancers for major news services. Expecting fair reporting from them is unrealistic. Many of the international press are just as unfair, although for political or professional reasons.
Friday, September 30, 2011
Sunday, September 18, 2011
The Great Social Security Debate
By Charles Krauthammer
Of course it's a Ponzi scheme
Proposition 1: In a Ponzi scheme, the people who invest early get their money out with dividends. But these dividends don’t come from any profitable or productive activity — they consist entirely of money paid in by later participants.
This cannot go on forever because at some point there just aren’t enough new investors to support the earlier entrants. Word gets around that there are no profits, just money transferred from new to old. The merry-go-round stops, the scheme collapses, and the remaining investors lose everything.
Now, Social Security is a pay-as-you-go program. A current beneficiary isn’t receiving the money she paid in years ago. That money is gone. It went to her parents’ Social Security check. The money in her check is coming from her son’s FICA tax today — i.e., her “investment” was paid out years ago to earlier entrants in the system and her current benefits are coming from the “investment” of the new entrants into the system. Pay-as-you-go is the definition of a Ponzi scheme.
So what’s the difference? Ponzi schemes are illegal, suggested one of my colleagues on Inside Washington.
Continue Reading
Of course it's a Ponzi scheme
Proposition 1: In a Ponzi scheme, the people who invest early get their money out with dividends. But these dividends don’t come from any profitable or productive activity — they consist entirely of money paid in by later participants.
This cannot go on forever because at some point there just aren’t enough new investors to support the earlier entrants. Word gets around that there are no profits, just money transferred from new to old. The merry-go-round stops, the scheme collapses, and the remaining investors lose everything.
Now, Social Security is a pay-as-you-go program. A current beneficiary isn’t receiving the money she paid in years ago. That money is gone. It went to her parents’ Social Security check. The money in her check is coming from her son’s FICA tax today — i.e., her “investment” was paid out years ago to earlier entrants in the system and her current benefits are coming from the “investment” of the new entrants into the system. Pay-as-you-go is the definition of a Ponzi scheme.
So what’s the difference? Ponzi schemes are illegal, suggested one of my colleagues on Inside Washington.
Continue Reading
Tuesday, September 6, 2011
Malmö police to learn 'polite' Arabic
Those of us who follow the Islamization of Europe. are not surprised to read this news report about the Malmö police getting ready to learn polite Arabic to help them better understand and communicate with local residents in the predominantly immigrant area.
Malmo, which used to be a typical Swedish town, has become a third world outpost in the heart of Sweden. Most of the Jewish population left because of the many violent antisemitic attacks.
The police department program of teaching Arabic conveys the message that the criminal behavior of the population of Malmo is simply the result of cultural misunderstandings between them and the Arab population.
What will be the next steps when the honor killings, rapes and attacks on the few Jews left continue? Teach policemen to cook shish kebab?
Muslim thugs attack the police in Malmo
The police department program of teaching Arabic conveys the message that the criminal behavior of the population of Malmo is simply the result of cultural misunderstandings between them and the Arab population.
What will be the next steps when the honor killings, rapes and attacks on the few Jews left continue? Teach policemen to cook shish kebab?
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