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Tuesday, July 12, 2016

Beware of a Looming Fiscal Crisis. Something Must Snap!

Published 7.12.2016

Abstract: We face yet another 2008 as major banks are ready to fall from bad loans. The problem is centered in the EU this time and capital must be raised to provide liquidity to the zombie banks[1] in Italy and Germany and this liquidity may come from your bank deposits or from special bonds banks sold to you or other or from printing money by the EU government, as usual. The IMF or Fed may ‘loan’ money to those banks as well hiking EU debt levels. Be assured that your money will in one way or another be used to satiate these zombie banks that have no future. You EU folk that have bank deposits are at risk of being replaced with phony bonds and that money used to keep the bank solvent while your bonds sink in value. The quest for money by governments is now in full force as they have exhausted most other options and all they have left is yours. The US is looking at this along with negative interest rates. Your savings, deposits, IRAs, 401(k)s and such are not immune to confiscation by governments around the globe. The US admires this system and may try to implement some of this .


Since the fall [or Fall!] of 2007 the US and several foreign housing markets have plummeted and bounced around without a full recovery while the stock market has made impressive gains since Mar 9, 2009. QE[2] [quantitative easing or stark printing of money] from the Fed has fueled most of this US equity price increase. But, interest rates seem to continue to descend toward zero [or below] and this, coupled with the massive US debt of some $24 trillion dollars[3] continues to plague us.  No country has ever had such enormous debts and survived and we are in the same relative state as Japan, UK, and EU. All four have massive debts.[4]Cheap Credit[5] of this sort was probably responsible for the Great Depression. The excuse by government is that they can borrow at ‘cheap rates.’ Cheap credit may crash the EU and pull us down as well in the US.
If we look at the important economic vectors such as interest rates, GDPs across the world, unemployment, inflation or the lack of it, printing money and the money supply M2, credit, bank reserves, size of government, tax rates and such things as bank failures we find that: compared to, say, the standards of the 80s or 90s that every critical fiscal component in this system is warped in some way. Trouble in fiscal terms is on the horizon.

Here are some Danger Signals:

[1] Gold and silver prices are rising at a rapid rate. Emerging countries’ currencies are falling. This is known as a race to safety. This means people are buying the dollar and yen so far.
[2] The GDP of the EU is essentially flat. The US has been less than %2 for 8 years.
[3] There is essentially no inflation according to governments despite rabid money printing.
[4] The unemployment rate in the US, Japan, UK and EU are phony, but range above 8% in most places [US U6 is about 8%] with some like Greece and Spain above 25%
[5] Some banks are in major trouble[6]
[6] World derivatives markets: World derivatives[7] market is 650 trillion dollars of which Deutsche Bank holds $ 72.8 trillion[8] which is more than 11% of the entire world’s market.  The world GDP is only $61T and the world debt is about $260T so how can this happen? Derivatives are often purchased by banks and others to protect the value of an asset by guaranteeing the interest rate within certain limits or to pay for a bond in case it defaults or both.

Bank Problems

Banks have balance sheets[9]that feature statements with the usual general categories: assets, liabilities and such. The critical bank reserves are scattered around the sheets on the asset side and income reports as vault cash, deposits at the Fed, deposits in other banks[10], stockholder’s equity and the Fed deposits and more. Banks need sufficient cash such that their liabilities do not exceed assets at the end of the day. If the sum is negative then the bank is insolvent and may borrow funds from several sources or call for a rescue from the central bank. Central banks will try to rescue problem banks by buying up some of their ‘assets’ or with loans or in a host of other ways. Suffice it to say that this is complicated and difficult to follow even for the bank regulators.
The perilous asset in banks is their loan book which includes mortgages and such.  Banks have a precarious business model in that they take in monies on a daily basis and loan out money on a decade basis. US banks failed in 2008 due to millions of non performing mortgages crashing their loan books, many of which were forced upon the banks by the CRA[11]or Community Reinvestment Act, designed to help the poor get loans without much credit or no credit at all. Falling loan books forced insolvency and the need for instant liquidity from the Fed. Non-performing loans fall in market value so they do not reflect the original value when the loan was issued.

Italian and German Banks are in Trouble

Italy’s 4th largest bank, Banca Monte dei  Paschi di Siena, is only an example of the major problems of recapitalizing the banks to keep them solvent.[12] The money must come from somewhere [World Bank, IMF, ECB, ..] as most of those banks have huge numbers of non-performing loans thus their asset book values are plummeting.  This pushes them toward insolvency. Many Italian banks have sold higher interest rate bonds than the markets offer to retirees and such and those are at risk of being used to save the banks.

Bank bail-in is a new form of hybrid bond is known as the Coco bonds [contingent convertible bonds].[13] The Cocos are designed to absorb losses when the capital of the issuing bank falls below a certain level.’[14] What this is a slush fund where the bank can dip into the previous purchases of their depositors and use that money to support the bank’s reserves.  The rescue funds could come from many places but the EU laws [supposedly] prevent the ECB [European Common Bank] from printing money and forces the bank loses upon creditors and not tax payers, or so it seems. Cyprus first used a novel system now known as a bank bail-in[15] model where the bank attaches a portion of your account, against your will, and uses that to attempt to remain solvent. This switches liabilities of deposits to assets! This truncates your account balance. The ’bonds’ you got in return fell 90% or so in a few months later when the bank allowed the bonds to be sold.
Deutsche Bank is also in big trouble:[16] “Deutsche Bank is sitting on more than $75 Trillion in derivatives bets — an amount that is twenty times greater than German GDP.    Their derivatives exposure dwarfs even JP Morgan’s exposure – by a staggering $5 trillion.”


The world debt is so massive [$261 trillion against a $61T GDP] that there is no way to handle debt in a rational manner any more. The ‘solution’ to the problem is to print more money or push the bank debts off into the future upon those who will be able to pay taxes in the future or for no one to have to pay if the currency collapses to zero. Now, the liability is now gone but we then will certainly get social unrest or worse. Most of our nation’s leaders are socialist or left-liberal in nature and cannot conceive of cutting spending [Austerity] so the debt will rise monotonically until it consumes all tax revenues. Then, our system collapses.

[1] Fiscally dead in any terms.
[2] QE or
[3] [total arrived at by adding in what is known about the Fed’s balance sheet  of about $4.5T to $19 trillion dollars]
[5] Reliving the Crash of '29
[6] A Look Inside Europe's Next Crisis: Why Everyone Is Finally Panicking About Italian Banks,
[7] “In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, and is often simply called the "underlying".[1][2] Derivatives can be used for a number of purposes, including insuring against price movements (hedging), increasing exposure to price movements for speculation or getting access to otherwise hard-to-trade assets or markets.[3] Some of the more common derivatives include forwards, futures, options, swaps, and variations of these such as synthetic collateralized debt obligations and credit default swaps. Most derivatives are traded over-the-counter (off-exchange) or on an exchange such as the Bombay Stock Exchange, while most insurance contracts have developed into a separate industry. Derivatives are one of the three main categories of financial instruments, the other two being stocks (i.e., equities or shares) and debt (i.e., bonds and mortgages”--
[8] Is It Time To Panic About Deutsche Bank?
[9] Analyzing A Bank's Financial Statements
[10] [not deposits by customers in this bank as those are liabilities]
[11] The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.)
[12] Sharing the Burdon of Italy's Troubled Banks. Who Pays?
[13] ECB is having second thoughts on ‘coco’ bonds
[14] CoCos: a primer
[15] We've All Been Warned (the Cyprus "Bail-In" Model is coming to a Country Near You)
[16] Is Deutsche Bank The Next Lehman?

Sunday, May 22, 2016

A Legacy of Gore Sleaze and the Democratic Allies of Communism.

First published: Saturday, October 13, 2007 3:30 PM

The Gore’s gory association with Communists goes back a half century, and more, and is a tale of sleaze, corruption and treason which begins with Al Gore’s father, a former deceased Senator from Tennessee. All that follows below is well documented as the footnotes and links will show. The links add additional information to support these conclusions:

FBI files, open to the public now,  mentioned that in 1948 Gore Senior had expressed interest in joining the National Lawyers Guild a slimy leftist group that  Sidney Hook[1] “described the individuals who founded the NLG as being as “not being capable of taking any stand that conflicts with the CPUSA” a Communist-front organization, but it doesn't say he joined.[2] There were scads of phony organizations like this, and many are still around. Gore was on the lunatic fringe of the Crypto-Marxist wing of the Party of Democrats and his son follows in his tacky trail. The Gores have always sought out and supported enemies of our system and supported our enemies.

The Elder Gore was motivated, or more likely indoctrinated,  by far leftist notions and also apparently galvanized by the ‘impertinent’ FBI Director J. Edgar Hoover's 1953 testimony before the Senate Subcommittee on Internal Security.  Hoover testified that Assistant Secretary of the Treasury Harry Dexter White[3] was a Soviet agent although Truman ignored this. The VENONA Project[4] and recent KGB files show that White was indeed a Communist and traitor and working against the United States, all good sensible  reasons for a probable Neo-Communist Stooge like Gore to risk all. Truman was not able to see very many Communists in his own organization and his image suffers for this as he is regarded as being a puppet or a simple stooge whose sole purpose was to keep the moderate and conservative Democrats in the Marxist fold. The Dixiecrats fixed that. Harry could not trust Hoover.

Gore Sr. had close ties to Armand Hammer, head of Occidental Petroleum, a criminal and whose father[5] Dr. Julius Hammer [“Dr. Julius Hammer was given 3½ to 12 years at Sing Sing, for manslaughter.”], an abortionist, helped to co-found the Communist Party USA or CPUSA. This makes a lot of sense.

 Hammer helped enrich Senator Gore as he was given prize breeding stock and was gifted with a sleazy business deal in a zinc mine that has paid huge royalties to Al Gore Jr., the second worthless Senator Gore.  The Dirty Money Trail goes back to Lenin or farther. The elder Gore lost his reelection in a bitter battle for the Senate, probably because of his support for the Communists in Viet Nam, and Armand Hammer put him on his payroll in a fluff position as a sop and reward for supporting Marxism. We can find nothing about this in Gore's FBI file even though it is a very important issue in fighting Communism. It appears that Director Hoover was intimidated by leftist Democrats in Washington but allowed James Jesus Angleton[6] "the Kingfisher", to pursue Hammer[7]. Angleton was hounded, as expected, by the leftist media for the signal affront of hunting Communists. We know Hoover was an enemy of RFK, among others. Those who attack Communism are constant targets of the far left, as we saw in the cases of Richard Nixon and Ronald Reagan. RR fixed the Soviets for all time and he is hated for this.

We keep witnessing Asian Communists and others offer bribes to The Lesser Gore and the Clintons and we seem paralyzed into inaction. Al’s recent receipt of the Nobel War Prize from the far left in Sweden and Norway, clients and sycophants of the Marxist Vision, is just another sop for Marxism and Islamo-Fascism [now allies of the Communists].

It is disgusting that we cannot expose these criminals and stop the flow of dirty bribe monies to the Democrats and their servile lackeys.

Hillary and her Alinsky Marxists seem to have too much power. People like Jingo Janet Reno will do anything to support and protect criminals like the Gores and Clintons.

Wake up and vote these despots out of office.


[1] Members include the traitorous attorney Lynne Stewart, who was convicted recently.
[2]  FBI Was Easy On Gore's Dad
By Reed Irvine and Cliff Kincaid,  September 21, 2001
 [3] “Two years after his death, in a memorandum dated 15 October 1950, White was positively identified by the FBI, through evidence gathered by the Venona project, as a Soviet source, code named "Jurist". “In a book by Allen Weinstein and Alexander Vassiliev, The Haunted Wood: Soviet Espionage in America — the Stalin Era, Vassiliev, a former Soviet journalist and KGB operative, reviewed Soviet archives dealing with White's actions on behalf of the Soviet Union.”
 [4] This investigation exposed a number of Democrat heroes as Soviet agents such as the America Rosenberg spy trial and executions  and the defections of the English  Donald MacLean and Guy Burgess and darlings of the far left such Alger Hiss and Harry Dexter White. Nigel West on the other hand, expressed confidence in the decrypts: "Venona[sic] remain[s] an irrefutable resource, far more reliable than the mercurial recollections of KGB defectors and the dubious conclusions drawn by paranoid analysts mesmerized by Machiavellian plots." The liberals attempt to nullify this project and FDR was rumored to want this project squashed.
[5] Dr. Julius Hammer had been a mainstay of the Socialist Labor Party, the fiery radical Marxist-De Leonist organization then still headed by its founder and Chief Ideologue, Daniel De Leon. (Another member of this organization was Mack Reynolds, and he would derive most of the eccentric political and economic theories expressed in his fiction from SLP theories.) Julius Hammer met Vladimir I. Ulyanov (Lenin) as he was then at The Seventh Congress of the Second International in 1907, and became his man, helping split the SLP in 1919 to form the Communist Labor Party, which became part of the CPUSA
 [7] “…author Joseph Finder said "James Jesus Angleton, the CIA's legendary chief of counterintelligence, told me in 1981 that Armand Hammer was an agent of Soviet intelligence. Angleton's source was said to be Soviet defector Anatoly Golitisyn, who spoke of a highly valued `Capitalist Prince' whose profile matched Hammer with remarkable precision."

Wednesday, May 4, 2016

The Intrinsic Degeneracy of Social Liberalism and Other Leftist Political Systems

The Intrinsic Degeneracy of Social Liberalism and Other Leftist Political Systems.

 First published 5/07/2008 Revised 5.04.2016

We must, at times, make reasonable inspections of how our political systems work and what their goals might be. Just listening to the speeches and reading canned litanies of authorized propaganda have little meaning for the average citizen.  The slick ads on TV and radio are mostly designed to appeal and convert a very few persons over to a local candidate.  The temptation for the politicians to ‘tell the people what they want to hear” is too successful [and is socially fatal at times] to be ignored by those who work the political levers for fame and power and fortune.

Going to the encyclopedia in search of a clear explanation of liberalism, a once- solid and authoritative reference point of truth and facts of centuries since Diderot and Voltaire created it; we get essentially nothing, or worse. Here is the Wikipedia definition of liberalism:

Liberalism refers to a broad array of related ideas and theories of government that consider individual liberty to be the most important political goal.[1] Modern liberalism has its roots in the Age of Enlightenment.” [1] [Emphasis is mine in all quotes.]

This is so phony [and way too broad] as to prompt a frantic search for something to disencumber a sudden urge to vomit.  The nostrum that the individual might be involved in contemporary liberalism in some places other than as ‘leaders’ or sages or party elders or elected officials is a sick joke. The general error here is based on the necessity to avoid the confusion between 18th century liberalism and its current perverted form as espoused by the Party of Democrats.

These used to be ‘liberal tenets:’

[1] Freedom of thought and speech

[2] Limitations on the power of governments

[3] Strict enforcement of the rule of law

[4] The free exchange of ideas,

[5] A capitalist market system or mixed economy

[6] Transparent system of government.[2]

These are ‘social liberal’[3] tenets and specifics on what they favor:

[1] Real freedom can only exist when citizens are healthy, educated, and free from dire poverty.

[2] The right to an education, the right to health care, and the right to a minimum wage.

[3] Laws against discrimination in housing and employment

[4] Laws against pollution of the environment,

[5] The provision of welfare, including unemployment benefit and housing for the homeless,

[6] All the above supported by progressive taxation.

This all sounds very good until you get into the implementation and totalitarianism of those who would enforce these principles by confiscating the money and wealth of the citizens who have these rights. [4] Such is the radicalism that leads to millions of people being murdered by leftists who claimed they were liberal and wanted to create a better society.

The French Revolution

This exercise [there were actually two French Revolutions] was triggered by inflation and unrest and hatred against the old feudal class of Europe.  There was little noble about this mess as the landholders were marched before the guillotine in the Terror.[5]   A revolutionary dictatorship was installed by people like Jean-Paul Marat, as usual in any leftist revlution, to kill off the opposition and confiscate wealth. They passed ‘laws’ such as Law of Suspects where anybdy could be accused of any crime agaisnt the state and summarily executed by the army or mobs.[6] These people were an utter failure, and inspired Marx and other utter failures to copy their dirty work. We shall continue to encounter the central theme of leftistism, mangled in the soggy nostrum as liberalism, as we dig deeper into history and the outcomes of politifal movements.

The Russian Revolution

It seems like this ought to be a closed matter given the utter failure and degenerative outcomes of this October Revolution and its conjeners since 1917.  There were several movements against the Tsar and some provisional government [the Duma] partially set up by him.[7] This thing was a disaster  for the world and, not so stra ngely as one would expect, is still revered as the ‘right choice’ for governments by the far left. They  cling to the stubborn and wholly unsubstantiated belief that the notion was correct although some mistakes were made. There are a host of perverted apologists who still belileve in the revolution of the prolateriat [now read peasants] and the wholesale murder of capitalists. Examples are Shining Path, Party of Democrats Progressive Caucus, anyhwere in Africa, Cuba and parts of South America, South East Asia and certain parts of Europe.

The liberals still parrot the Communist Manifest in whole or in part for their politial precepts. Many have spun outrageous lies to justify the murder of millions such as Walter Duranty [8], the Patron Saint of the New York Times. The cliché about the pen being  mightier than the sword does actually apply to this social parasite. Many others  paved  his way by ignoring the excesses of the Bolsheviks, Lenininsts, Troskyites and Stalinists such as Bernard Shaw[9], the most famous person in the world in 1931. George Bernard Shaw moaned about equality as he relaxed on the French Rivera or at his splendid castle in Ireland.[10] Modern day apologists such as Paul Krugman, Frank Rich, Cornel West, Susan Sontag, Noam Chomsky[11] and others with lesser wit and diminutive cognitive skills translate the lust and hatred for power into convenient social ‘equality’ elements as a crude excuse to grab power and exclude capitalists wherever possible. Chomsky, like Duranty, tried to apologize for the Khmer Rouge massacres of probably a million Cambodians with mindless fluff:

Space limitations preclude a comprehensive review, but such journals as the Far Eastern Economic Review, the London Economist, the Melbourne Journal of Politics, and others elsewhere, have provided analyses by highly qualified specialists who have studied the full range of evidence available, and who concluded that executions have numbered at most in the thousands; that these were localized in areas of limited Khmer Rouge influence and unusual peasant discontent, where brutal revenge killings were aggravated by the threat of starvation resulting from the American destruction and killing.”[12]

This is typical of the left. This is liberalism in flower. They were trying to do the right thing when they murdered people with education and soft hands or who wore glasses. Let us blame America [read capitalism] for horrors created by anti-capitalists in other parts of the world.  If the top 1% of the citizens of the US were murdered and their wealth confiscated we would read such an apology by some simpering dupe who thinks like this parasite Chomsky. Space limitations [in my essay] preclude a comprehensive review of such parasitism and ghoulish murder. Castro murdered 10,000 in Cuba and he is only celebrated as a hero who overthrew Juan Batista. Fidel now eats expensive meats and lives in splendor as did Stalin, Tito, Mugabe, Kim and other degenerates who murdered people for their wealth using liberalism as a crude excuse. People like Olof Palme[13] applaud their works and condemn the United States.  Olof called US soldiers in Viet Nam ‘Nazis’ in an article for the Asian Edition of Time about 1967  and in a radio speech in 1972. [14] Of course, the cowardly and pro-Marxist Swedes, posing as peace mediators, sold guns to all sides for 200 years and directly participated in the murder of millions while being more than cozy with Hitler in the late 30s, but all that is beside the fact. Palme was shot in the back probably for reneging on a dirty missile deal with Iran. [15] One of his cabinet gun-running types just fell in front of a train soon after.

Many, like George F. Kennan[16], William F. Buckley, George Will, Phyllis Schlafly and many others  have warned us of the nasty and brutal monsters that hide behind the fluff and counterfeit facades of liberalism and have been denigrated and caustically abused by the left.  The phony economics of the left have been exposed many times [by Hayek[17] and others]  and still the tax whores grunt and grab for higher and higher taxes, the economic equivalent of the guillotine.

The EcoNazis

The totalitarian types insist on preaching their narrow views on any subject and murder, jail, banishment and, most prominent for the left, confiscation of personal property are predictable political methods. The latest scheme to tax the entire world is the EcoNazi carbon tax. It seems that they have found that CO2 is a poison and a product of capitalism and needs to be taxed. Al Gore[18], the communist stooge, has flown around the world in his wonderful jet teaching others to conserve energy while he makes $100,000,000 off the phony cap and trade scams that are burying Europe in debt, taxes and social problems. The scientific evidence shows that CO2 does not correlate with surface temperature changes[19] and this disgraceful fact is ignored by the left who call themselves ‘scientists’ and who, for money purposes, assert that the matter is ‘closed. ‘

This is typical of Marxism: any distortion or lie that allows money and wealth to be confiscated is tolerated. Even science has been dist0rted to gain money and power even though no element of science is every ‘closed’ or off the table for debate and scrutiny.[20] Science does not work that way. [21]
Eternal Racism

No matter what, the political lever of reverse racism is pulled daily and has now converted 98% of the black vote to the leftists of the Party of Democrats.  Affirmative Action, busing, quotas, and other phony social programs and statutes do nothing but enhance racism, the very foundation of the left. [22][23] Racists like Jeremiah Wright, Al Sharpton[24] ["What’s wrong with denouncing white interlopers?"[25]], Jesse Jackson, Bill Clinton and Hillary Clinton[26], Kamau Kambon [“…exterminate white people off the face of the planet [27] and Geraldine Ferraro [until recently and now the most visible ‘racist’ in the Party of Democrats], Mike Nifong[28], Malik Shabazz[29], Diane Feinstein, Barbara Boxer and many others are never challenged for their racist and racially biased antics by the left. Senator Barack Obama can tell us about the ‘typical white person’ and denigrate whites[30] for “clinging to their guns and religion’ and escape any accusations of overt racism by the left. Obama is an ideological racist, a bigot, an arrogant elitist and a racism enabler and all this welcomed by the rabid left as they grunt and grab at the tax base. He can listen to the rabid racist howls of Jeremiah Wright and see nothing out of the ordinary.  He cannot disown his pastor or church he said. Then, he did.

So, we always find the same clichés and tautological notions embedded in liberalism and some can be summarized here:

[1] They will murder anybody for wealth and power. They have murdered 100,000,000 souls since 1917 alone. They will support any such actions in Africa, South America or elsewhere if they can if they threaten capitalism or western ideals.

[2] They will concoct any lie or invent any scam to get money and power.  They will suppress, redact, fudge, copy, plagiarize or abstract any written materials that they can exploit by turning them into propaganda.[31] They teach far left liberalism as basic education.

[3] They will distort any facet of society like science or religion or nationalism to further their ends and lust for money and power.  They celebrate degeneracy and drug addiction. [32]

[4] To get power, they will deliberately invent and staff phony and unworkable social programs that are designed to fail and only consume more taxes.

[5] They utilize the notion of ‘equality’ where none ever exists or ever could to ‘prove’ that capitalism is unjust and suggest higher taxes and more social programs to force equality upon the masses.

[6] Their best political weapon is reverse racism where inequality is touted and any and all means to achieve equality are phony and counter productive, but politically effective. Second to racism is sloth, sodomy and drug addiction in that order.

[7] The ‘individual’ must be suppressed and those who can circumvent the clumsy rules and governments of the left should be terminated. Liquidation using the Stalinist definition is fine with the left if capitalists are the target.

[8] Personal property is an affront to socialism and the left.  Wealth must be confiscated.

[9] The power of the vote must be suppressed and election results doctored to produce the most desirable outcome for the left. [33]

[10] There is no human act, however disgusting or illegal they might be, that cannot be celebrated and trumpeted by the left for political reasons.

[11] They will worship and foster and aid any enemy of the United States as they did for the Communists and Islamo-Fascisti and lie about their support. They will harbor and celebrate illegal aliens who sell narcotics and murder citizens and protect them from the authorities.

[12] They will distort or pervert any statue or law by the courts or litigation that will serve their interests.  They will substitute their own versions of multiculturalism for the standard rights known as equality and freedom.

And, somehow these parasites stay in power. Vote accordingly.


Comments to:

[2]Different schools of liberalism are based on different conceptions of human rights, but there are some rights that all liberals support to some extent, including rights to life, liberty, and property.”
[6] The Revolutionary Tribunal summarily condemned thousands of people to death by the guillotine, while mobs beat other victims to death. Sometimes people died for their political opinions or actions, but many for little reason beyond mere suspicion, or because some others had a stake in getting rid of them. Most of the victims received an unceremonious trip to the guillotine in an open wooden cart (the tumbrel). Loaded onto these carts, the victims would proceed through throngs of jeering men and women.”
[7] “The October Revolution (November of the Gregorian calendar), in which the Bolshevik party, led by Vladimir Lenin, and the workers' Soviets, overthrew the Provisional Government in Petrograd:.
[8] In honor of that celebrated Communist stooge and liar and winner of the Pulitzer Prize for the NYT. The color RED is used in my essays in honor of Walter Duranty, a saint, if there could be one, in the Marxist Archives of Honor.
[8] The Wrong Stuff  By MAUREEN DOWD Op-Ed Columnist Published: July 2, 2008.

[9] G. Bernard Shaw gave a thousand speeches on ‘equal incomes’ and could never be coaxed into telling anybody how this might be accomplished. A reference to G. Bernard Shaw.  From whom Shavian, or in my usage Shavianism was named.
Herbert Stooges for the “Studies” by Leftist Think Tanks and Translates their Objectives: Higher Taxes
[10] Bernard Shaw by  Michael Holroyd  , Vols 1,2,3 , Random House, 1988
[11] “Much of the criticism of Chomsky revolves around his political views and he describes himself as a libertarian socialist, a sympathizer of anarcho-syndicalism. His status as a key intellectual figure within the left wing of American politics has resulted in a great deal of criticism from all across the political spectrum and has led to a number of notable controversies.”
[12] “In 1977 Chomsky, with Edward S. Herman, published a review article, "Distortions at Fourth Hand." Examining reports of mass atrocities committed by the Cambodian Khmer Rouge, they argued that there were "sharply conflicting assessments" of events in Cambodia and that the American media were selective in publishing the most anti-communist accounts. The media were creating "a seriously distorted version of the evidence available, emphasizing alleged Khmer Rouge atrocities and downplaying or ignoring the crucial U.S. role, direct and indirect, in the torment that Cambodia has suffered."
[14] On 23 December 1972, Palme (then Prime Minister) made a speech in Swedish national radio where he compared the ongoing U.S. bombings of Hanoi to a number of historical atrocities, namely the bombing of Guernica, the massacres of Oradour-sur-Glane, Babi Yar, Katyn, Lidice and Sharpeville, and the extermination of Jews and other groups at Treblinka.
[26]After days of digging at Mr. Obama for saying that working-class voters turn xenophobic or “cling to guns and religion” because they’re bitter over lost jobs, Mrs. Clinton couldn’t resist a new nasty attack ad. What she has yet to figure out is that she ends up hurting herself — feeding her negative image — by attacking too long and with too much relish.”[26]

[27] “a former instructor at N.C. State University, who said blacks must "exterminate white people off the face of the planet."
Kamau Kambon, an author who taught in NCSU's Africana Studies program as recently as last spring, made the comments Oct. 14 during a conference at Howard University in Washington. The conference was televised nationally by C-SPAN, and bloggers picked up on the comments immediately.”
[28] Nifongism and the New Nifongalongs
[30] Senator Obama said:

You go into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing's replaced them.And they fell through the Clinton Administration, and the Bush Administration, and each successive administration has said that somehow these communities are gonna regenerate and they have not."

"And it's not surprising then they get bitter, they cling to guns or religion or antipathy to people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations."

[33] ACORN, Daley Machine in Chicago, etc.