2010: The year ahead ~ By Vox Day

Commentary from WorldNetDaily

By Vox Day Posted: December 28, 2009 ~ 1:00 am Eastern © 2009 While the Great Depression is considered to have begun with the great stock market crash of 1929, the first mention of the words "great depression" was in a speech given by Herbert Hoover in late 1931. The first specific and titular reference did not occur until 1934, when British economist Lionel Robbins published a book titled "The Great Depression." This would neither be the first nor the last time economists influenced by the Austrian School would be the first to identify a major economic downturn in the making or to point out that the policies of the fiscal and monetary authorities were guaranteed to exacerbate it.

What then, are the prospects of enduring recovery? It is clear that they are not bright. It is quite probable, if there is no immediate outbreak of war on a large scale, that the next few months may see a substantial revival of business. If the exchanges are stabilised and the competition in depreciation ceases, there is a strong probability that the upward movement, which began in the summer of 1932, will continue. If the stabilisation were made permanent and some progress were made with the removal of the grosser obstacles to trade, it is not out of the question that a boom would develop. There are many things which might upset this development. The basis of recovery in the United States is gravely jeopardised by the policy of the Government. ~ Lionel Robbins, "The Great Depression," Page 195

At the end of 2009, conventional economists are claiming that the economic contraction which began in 2008 is over. Most government published statistics show growth and the stock markets have recovered half of their previous losses. While some of the wiser economists are hedging their bets by stating that they expect growth to be "sluggish" with "downside risks," there are no more expectations of market crashes, financial collapse or widespread economic contraction than there were at the beginning of 2008. The question is not one of growth versus contraction, but rather how much the economy will grow. However, the conventional economists are just as wrong to think the contraction is over as they were to believe that it was not on the horizon before. READ FULL STORY >

Merry Christmas ~ By Vox Day

Commentary from WorldNetDaily

By Vox Day Posted: December 21, 2009 ~ 1:00 am Eastern © 2009 The commercialization of Christmas has long been a concern for American Christians, and the overt attempts to secularize the happy holiday have been a minor annoyance in recent years. Even Garrison Keillor, no staunch right-wing Christian fundamentalist, recently complained about the continuing attempts of non-Christians to subvert, co-opt or simply join in the festive Christian spirit of Christmas. And while I can't help but agree with him on the aesthetic abomination of unitarians attempting to rewrite "Silent Night," I think it is a mistake to bar non-Christians from joining us in celebrating the birth of Man's Lord and Savior. And if they don't wish to celebrate it, so be it. Let them go to work on Friday and pretend Christmas is a day like any other, if they like. For we were all non-Christians once. Regardless of whether one is raised in a Christian home and played a starring role as Baby Jesus in the church nativity play or in an atheist house where the only shrines are to Karl Marx, Karl Popper or Chairman Mao, sooner or later one must make the conscious choice to humble oneself before the King of Kings and accept that he is, in fact, Lord and Savior. For most people, particularly successful and intelligent people, it is not reason, nor science, nor evil that stands in the way of accepting Jesus Christ; it is pride. And it is, I think, perhaps a little easier to humble yourself and repent of your misdeeds if you understand that the Prince of Peace was not afraid to humble himself so men might be saved. READ FULL STORY >

Stock analysts issue 'Black Tuesday' warning

From WorldNetDaily

Trends on anniversary of 1929 collapse indicate markets on verge of 'crash' Posted: October 29, 2009 ~ 1:00 am Eastern © 2009 WorldNetDaily On this 80th anniversary of the "Black Tuesday" stock market collapse, some analysts are experiencing déjà vu, warning a major crash in the stock market is imminent. Graham Summers, senior market strategist at OmniSans Research, wrote in the firm's daily e-letter yesterday that the markets may finally be on the verge of the crash he has been predicting for more than two months. "Well, judging from the market's action today, I believe we may be within 48 hours of getting the "Official Sell" signal I've been waiting for," he wrote in "Gain, Pains, and Capital." The Dow Jones Industrial Average lost 119 points yesterday, or 1.2 percent, while the NASDAQ lost 2.7 percent. The Russell 2000 index of smaller companies dropped 3.5 percent. Summers explained in an online piece Tuesday that he has been watching an ominous pattern develop in which the trading range shrinks as stocks rise higher. In the past, that pattern has led to a sharp downturn, he said. "I've been forewarning of a potential crash for months now. And the market's current action is precisely what you would expect for a major top (increased volatility)," Summers wrote. Author and WND columnist Vox Day, asserts in book released last week, "The Return of the Great Depression," that the U.S. is entering the early stages of the Second Great Depression. [CLICK HERE TO READ MORE]

Get ready, America: Great Depression 2.0

From WorldNetDaily

Author who predicted current crisis shows why it's 'only the beginning' Posted: October 25, 2009 ~ 8:30 pm Eastern © 2009 WorldNetDaily Drawing striking comparisons between the Japanese economy in 1988 and the American economy today, a new book by an author who predicted the current crisis warns it's going to get much worse before it gets better. Vox Day, a WND columnist, asserts in "The Return of the Great Depression," by WND Books, the U.S. is only now entering the early stages of the Second Great Depression. Day presents a fact-rich case, rooted in economic history and time-tested theory, in which he concludes that an economic contraction of very large proportions is presently developing. But he contends that "due to a reactive wave of positive social mood, statistical obfuscation, and understandable denial, it will take about a year for the consensus opinion to cycle through the various scenarios in descending order of optimism before the grim reality finally becomes apparent to even the casual observer." Though the message is stark, Day believes the book is a much-needed antidote to the self-interested optimism of the financial media. [CLICK HERE TO READ MORE]

Ron Paul was right ~ By Vox Day

Paul was a far more viable presidential candidate than the establishment moderates could ever have been. Paul's easygoing libertarianism tends to mitigate somewhat the effects of his social conservatism with social liberals. The moderate wing of the GOP is now showing itself to be as RINO as ever. And they lost, because they lost the Conservatives. As an additional treat for you today, here is a video I found on youtube.com this morning, called, "Ron Paul was Right." A coincidence? I don't think so! Actually, this video has no connection to Vox Day's column, other tham having the same title. But, then you may notice that Vox may be right about Ron Paul, that he was right: read more | digg story

Raising a white flag in the drug war - By Vox Day

Like every previous left-wing pseudo-war (LBJ's "war on poverty"), the Conservative's "war on drugs" has been a complete debacle, has cost billions of dollars without realizing a single one of its objectives, and has accomplished little more than increasing the size and scope of federal power. There's nothing conservative about the war on drugs. read more | digg story Related Story: Troops coming to border war - By Patrick J. Buchanan

Vox Day: God and the economy

Beneath neo-atheist's logical blunders and factual errors lies the falsehood that reason is capable of dictating individual belief. The embrace of religious faith is an abandonment of belief in the fraudulent progressive narrative that 'society becomes more peaceful and prosperous' through commitment to science and reason. read more | digg story, submitted by RSandman

Piling on Palin - by Vox Day

The defeat of John McCain in last week's election cannot have come as a surprise to anyone. Having won the nomination by outlasting a series of similarly liberal Republicans, McCain's campaign was going nowhere until he selected Sarah Palin as his running mate. Now, the elite in the GOP is out to destroy her, as she is an obvious choice in 2012.

read more | digg story