The seeds of war?

The news out of Iran of late has been very heartening. Iran it seems is not just an Islamofascist regime bent on nuclear proliferation and the eradication of Israel. No sirree! Iran is much more. Iran's close ties to the United States during the reign of the Shah planted seeds of liberty among the population. As a result it is one of the more "westernized" Islamic Republics in the region and apparently ready to question the power of the ayatollahs. The massive demonstrations after the recent presidential elections shows that vague feelings of freedom still exist even after more than 30 years of repression under the ayatollahs. But what will be the result? I suspect the result will be just as surprising as the current protests are. No one predicted that Mahmoud Ahmadinejad would lose this election and he did not, according to the supreme leader ayatollah. But people don't seem to trust the results (also not predicted) and that is the most significant thing to happen in Iran since the revolution of the late 1970's.

So here we are in the midst of the greatest economic turmoil since the 1930's (just before the last major world war) with global unemployment levels still growing despite hopes that the great recession is ending. Is the stage being set for global conflict? Well look at the region that neighbours Iran. The failed or failing states of Afghanistan and Pakistan to the east and Pakistan has nuclear weapons in its simmering conflict with nuclear India (farther east). American occupied Iraq and the hated Israel are to the west with Russia to the north. Mix in the Taliban, Al-Qaeda and the strategic oil reserves of the Saudis et al and voila, all you need is the right igniter. Oh, lets not forget the Chinese and their oil interests in Sudan. Global conflict? I wouldn't bet against it.

GM = Government Motors

North American governments announced yesterday that they collectively own about 72% of General Motors. The US owns 60% and the Ontario and Canadian government about 12%. This announcement caused nary a ripple among the opposition benches in Canada. Where is the Official Opposition in the Federal and Ontario governments? Do they have no criticism, nothing to say about the outrageous debt obligations incurred yesterday? Or are the oppositions as devoid of principles as the current governments? On these important issues that will impoverish generations to come, all Canadian governments and their parties seem to conform to one idea, save some jobs and damn the consequences. All that’s left to oppose the governments are a few sensible journalists like Margaret Wente. How can Canadians choose between parties if all our elected representatives follow the same policies? We have achieved here in Canada what we have criticised in totalitarian regimes around the world. Elections in those countries are a foregone conclusion, the "government" will do the same thing no matter who is elected. All the so called political parties have the same goals and solutions, the electorate just has the choice of personalities. Canada has arrived at that nadir of democracy. At least American politicians voiced their opposition. Apparently our politicians are sucking so hard at the nipples of the unions they can't speak.

Toward the millionth English word

In high school English, years ago, I studied from a thin soft covered book titled Words are Important. There were several levels (colour coded) of this book introducing my classmates and I to increasingly more and more difficult English words. We learned their meaning, to spell them, use them in sentences, followed by periodic quizzes. It was drill and memorization, and all the supposed bad things about education, but it was effective and still remembered almost 50 years later. Why were the books soft covered, so flimsy and tenuous? Of course the answer was probably related to cost, but maybe the authors were prescient. English evolves, it grows, it changes, adapts and thrives. The soft cover books were the clue that this is not a static language. This week we are told that English will soon acquire its millionth word and I humbly offer up a new one that came to me while washing dishes. Bibledygook, it's not a word yet but here is how you can use it. Have you ever been in the presence of a deeply religious person who quotes scripture to you as though it was convincing scientific evidence? This could be from the New Testament, Talmud, Koran, whatever, words offered up to "prove" a point, illustrate a rule or demonstrate how to be righteous. Sometimes the quote is incisive, witty and appropriate. But more often than not I will roll my eyes because I hear jargon, gibberish and mumbo-jumbo. This is bibledygook, a noun, that refers to biblical gibberish or biblical gobbledygook. Not that I don't respect religions, well lets put it this way, I respect people's right to observe whatever religion they wish. The problem occurs when religious people think they know how other people should live, act, behave or run their lives. Frequently these religious types will try to entrench their beliefs in laws that we must all follow, based of course on the bibledygook that runs their own lives. That's where I have a problem. But isn't English wonderful?

Politics is a dirty game (2)

Governments like economists, rarely make accurate predictions about issues related to money. That's ironic of course, because that's what they both supposedly deal with much of the time. Neither were able to predict the economic meltdown that we are in the midst of, and neither can predict the costs involved with trying to fix the meltdown. Governments tumbled over one another to come to the aid of the moribund North American car companies, yet Chrysler and GM are either bankrupt or soon will be. A lot of good that did.

In Canada the Harperites reluctantly tried to staunch the bleeding by throwing money at the wound created by the meltdown. The problem with throwing other peoples money is that its difficult to properly estimate amounts. First they estimated a $34 billion deficit this year, today they estimate a $50 billion deficit, about a 47% miss - oops. If this type of reckoning holds true we could be looking at close to a $70 billion deficit. But its only money right? Will that fix the problems? I predict they will have the same success as they had trying to save the auto sector, which is to say - none. Of course the loyal opposition headed by newly crowned prince-in-waiting Mikey Ignatieff and his economist henchman Johnny McCallum screamed that the government was irresponsible running up such a large deficit and that Finance Minister Flaherty should resign for bad guessing. The two opposition characters first criticized the Harperites for too little stimulus and not getting the money out the door fast enough. Its a dirty game.

In the end though, we're all going to pay for this one way or another. Large deficits add to the (check out the CTF debt clock) federal debt and will need to be paid off somehow. Either governments raise taxes or restrain spending. Are either of those serious options for future Canadian governments? Not unless more Libertarians are elected really soon....so not likely. The only hope for governments here and everywhere else is to pay off the debt with inflated future dollars. Why not print the money? This guarantees that our future dollars are worth less and the more that is printed the less your money will be worth and the smaller the debt the government will have to repay. Inflation is still under control right now, but some of you will recall just a few short months ago when deflation was a worry. You needn't have worried, the government will defeat deflation by the power of the printing press.