Uniting Three Parties in Maryland
Uniting Three Parties in Maryland by Kevin Zeese The Daily Reckoning Wednesday, July 5, 2006 --------------------- - History has a way of taking off in her own direction
playing the "what if" game
- People aren't really "created equal"
foreigners love/hate relationship with America
- The debate continues
what does patriotism really mean?
and more!
--- SPECIAL ANNOUNCEMENT --- The Mogambo Leaves His Bunker of Doom! What could be important enough to persuade the Mogambo to leave his secure bunker? Only the most important investment event of the year: The Agora Financial Wealth Symposium. The conference is taking place in beautiful Vancouver, British Columbia on July 25-28, 2006. Not only will the Mighty Mogambo be speaking - but all of your favorite Agora Financial characters will be there as well
along with a few special guests. Be sure to secure your spot for this event soon - there are only a few spots left! The Agora Financial Wealth Symposium - July 25-28, 2006 --------------------- "We hold these truths to be self-evident
" Thomas Jefferson wrote in 1776. Jefferson had few doubts that he was doing the right thing. His Declaration of Independence set off America's revolt against the Crown and Parliament. But history has a way of taking off in her own direction. As Americans were busy celebrating our independence from Britain, we were not entirely sure why they should make so much of it. It seems to us that life turned out tolerably good here in London - probably no worse than in New York or Los Angeles. As near as we can tell, the food, drink, lodgings, and amusements are about the same. And if the Yank is freer, nobler or more enlightened, we have seen no evidence for it. Our speculations extend themselves. If there had been no Revolution, there might also have been no War Between the States
partly because there would have been no states, certainly none which thought they could decide for themselves whether to remain part of the empire or not, and partly because the British banned slavery throughout the empire years earlier. Nor might there have been a World War I. The Germans might never have challenged the English empire if they knew they had to face America as well as Britain. By 1914, England was in decline, but America was already the world's largest economy and still growing fast. Likewise, there might not have been a World War II either. No first world war, no war debt, no reparations, no hyperinflation, no opening for the fascists, no Reichstag fire, no putsch, no Fuhrer, no concentration camps, no Blitz, and no war with the Soviet Union on the Eastern Front. But had there been no WWI, there probably wouldn't have been a Soviet Union anyway. Russia might have modernized and industrialized along European lines. So, no WWI, no Soviet Union, no WWII, no Cold War, no Long March, no Korea, no Vietnam, and who knows what else? Would we have been better off? We don't know for sure. But we could hardly have been worse off for missing any of them. As for the main truth that Jefferson thought self-evident, that "all men are created equal," we are even less certain. What made him think it was self-evident, we don't know. All the evidence we've seen tells us just the opposite - men are not born equal. One is rich; one is poor. One is fat; one is skinny. One has Viking blue eyes and pale skin; the other is a Blackamoor with eyes like burning coals and skin the color of soot. Maybe twins are born equal, but the rest of us are as variable as snowflakes. No two are alike. No two are equal. When Americans celebrated the birth of their nation yesterday, it bothered no one that the founders' most important insights were palpably untrue. People are born different. It is only before the law that they are equal, and then, only if they don't have enough money for a good lawyer. The English legal philosopher Jeremy Bentham was probably thinking on those lines when he scoffed at the theorists of the French and American Revolutions. "Natural Rights," he growled, "is simple nonsense: natural and imprescriptible rights, rhetorical nonsense - nonsense upon stilts." People occasionally appreciate the truth in the same way they appreciate a good joke. It breaks the monotony. But it is to falsehood that they look to organize their lives. Myths stick to them like burrs to a sweater. Warren Buffett, for example, is giving away his fortune because he doesn't want to corrupt his own children with too much wealth. "I have given them enough so they can do anything," he says, "but not enough so they can do nothing." The Sage of the Plains also strongly supports death duties, because he believes it is better for babes to start out life like worker bees - each one an exact duplicate of the other. But they don't even start out equal. Not in America. Not anywhere. Warren Buffett was born into the most privileged ranks of American society - the son of a U.S. congressman. Not everyone is so lucky. Of course, not every scion of a political family makes good. And few make as good as Buffett. But the man from Omaha can't exactly claim that he started life on an equal footing with the average man, most of whom never get close enough to a congressman to shoot him, let alone have dinner with him every night. Some people are luckier than others, though we never know for sure which is which. And the whole race of Americans seems to be favored. A baby born to a high-caste Goldman vice president in Connecticut clearly has an edge over one born to a low-caste street sweeper in Kerala. One baby born to a middle class teacher in Silver City is almost surely in better position than another born to a teacher in Sadr City. As for the child of a trashy drug addict in St. Paul, is he really starting off on a better foot than one born to a decent trash picker in Sao Paulo? As things now stand, through no virtue or effort on his part, the average American baby can expect to earn 10 times as much per hour as the baby born in other places. It's not equal, but it's not bad. Nor is it necessarily permanent. Foreigners still use the U.S. dollar as the world's reserve currency. And you can still usually sell a house for more than you paid for it. When those conditions end, the levelers should be happy; the advantage American babies have enjoyed for nearly a century will begin to disappear. [Ed. Note: The American experience is something completely unique - and is full of contradictions and confusions. That's why it's so important to learn what the fathers of this nation were thinking and shooting for hundred of years ago - and you can read the ideas that shaped our nation here: The Idea of America More news from our team at The Rude Awakening
-------------- Eric Fry, reporting from New York: "A few days back, we asked you, the Rude Awakening faithful, to identify your favorite water stocks. As usual, you responded with some terrific ideas." For the rest of this story, and for more market insights, see today's issue of The Rude Awakening: Water Stocks, Part I -------------- And more opinions from across the pond
*** Foreigners can never decide whether they like Americans or despise them. Not surprising. Americans can't decide either. But recent polls show the foreigners making up their minds. According to a report in last week's news, America is reaching record-low levels of approval in the eyes of the rest of the world. Our padre elaborates: "The BBC [the rough equivalent of National Public Radio in the U.S.] hates what it always describes as 'American imperialism' and indeed all American military operations," writes our friend Peter Mullen, chaplain to London Stock Exchange. "You wonder where these BBC producers and presenters learnt their history. Twice in the last century, in the First and Second World Wars, the timely military interventions of the U.S. armed forces saved Europe from tyranny. America then fought to weaken and finally defeat the evil totalitarian expansionism of the Soviets. It was American military might which saved us from becoming part of the gulag. You would think the BBC types would be grateful. Far from it. "But here's the anomaly: while despising America for all the good she has done, they worship her for the trash she creates. Those same BBC news and documentary departments that loathe wholesome American power, grovel before the worst and most trivial aspects of American culture. They send countless staff on freebies to the Oscars. They import trashy American sitcoms and even trashier children's television shows. They even adopt the language and syntax of America - 'kinda'; 'math'; 'elevator'; 'sidewalk' and the barbarous 'miss out on.' We used to 'fill in' forms but now we have to 'fill out,' because that's what the yanks do. "It's all very puzzling. I don't mind bias. I'm biased myself about many things - but at least I know I am. With the BBC, there is only a blissful ignorance." *** Like we said last week, we encourage debates - they make life interesting. If everyone agreed all the time, what would we have to talk about? "I wholeheartedly agree with the letter from your reader calling you a coward," writes one reader. "You live a phony life with no roots. You have houses here, there and everywhere, as you constantly remind us, but no roots. You're obviously very materialistic. You live mostly in a country, France, which is cowardly and openly hostile to the USA. We saved their sorry asses in WW2 and received no thanks or gratitude. I lost some dear friends on D Day and will never forgive the arrogance of these Parisian bastards today. "My parents and grandparents were all born in the USA. They were not cowards running away from anything. Our children, grandchildren and great grandson all live in the USA and are proud to do so. They are not running away either. Our get-togethers with family and close friends of many years are both cherished and memorable. I know you flit around the world to your various houses but it sounds like you live a very shallow life. I feel sorry for you." And the counterpoint: "I recently took a trip throughout the Mediterranean, and realized many things good and bad about America and the several countries I visited. Namely, America has a lot of space - I really love that. Europe and the Mediterranean do not. America is a lot cleaner. Athens is not. And, I am BLATENTLY American in so many categorical ways! "However, I do want for change here. I am in such disagreement with the current perspective and policies of my government, that I am sometimes physically ill because of it. But, I know this too will pass. "I understand why one person made the comment he/she did about your implied cowardice
but I think it was too harsh and essentially wrong. "It is not about borders. It is not about geographic location. It is about people - friends and family. That is who we are in the larger social context - friends and family. We need to view the rest of the world as a family. Taking personal responsibility is the first step, and if that means traveling the world to educate our children or to educate ourselves - then so be it! "I feel sorry for the individual who made the critical comment of you. I feel they should get out a little more and get to know the rest of the world, maybe come to see that we are all in the same boat. "Some people will make you feel a like a stranger in a strange land, but that too can happen - even with your neighbor. "Thank you for your insights and wisdom. We may be foolish in some ways, but the youth are trying to pay attention, regardless of the mistakes we've made." To our readers on both sides of the debate: keep your comments coming. Keep our lives interesting. --- Advertisement ---
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