Facebook: Killing Privacy and the English Language

By Julian Dunraven, J.D., M.P.A.

Honorable Friends,

This Thanksgiving, I had the pleasure of running into quite a few old friends I had not heard from in many years. Several complained to me that my email is too difficult to obtain because I was not on Facebook. It seems they did not even think to run a Google search of my name to find this blog and, apparently, it is now an incredible bother to have to ask a single other person for my contact information. Whatever. In response, I set up a very spartan Facebook entry, complete with an acerbic warning that I will only respond to emails, and will not tolerate any wretched page postings. In only a few days, though, it has been a horrifying experience.

Facebook is ghastly. I cannot believe how invasive it becomes. Did anyone else read the privacy policy? Horrid. It has taken far too long for me to slice off most of the more grasping tentacles, but I think I am content for a while now that my wall is forever fortified and my friend list is blinded. Good gods, though, I am being contacted by people I don't even know in person yet. Do they think this nonsense builds anything resembling a true relationship? They should not have access to all this information people put out there so blithely. It is dangerous! With almost no difficulty, I can chart a person's entire week just from the postings of their friends alone. It is a wretched business I say. Simply wretched.

One of my friends, laughing at my discomfort, reminded me that small towns often know everyone else’s business as well. Having come from a small town, though, I can say that small towns guard their privacy jealously. They also look out for one another, and censure the bad behavior of others through ostracism. None of that is present in Facebook. It is a gold mine of information that requires nothing in exchange. It worries me that our people, and especially the younger generations, have become so trusting that they are willing to give open access to their entire lives. Who needs domestic spying warrants when one has only to search through Facebook, MySpace, Friendster, or another such social networking sites? Perhaps more than its obliterating effect on privacy, though, I simply cannot tolerate how insipid it is.

"Oh it's so cool!" they tell me, "Look, I can throw a polar bear at you!" A polar bear, yet I was still in outraged shock over the foul idea of emoticons. Now I have to contend with flying polar bears. Perhaps they figure that if they create enough ridiculous gadgets, they will eliminate the need for any tone or meaning in writing altogether. May the gods save the English language. It is the greatest, most adaptable language in the world, yet our people and our incompetent educators are doing their utmost to mutilate it into the inarticulate grunting of savages.

Do you disagree? Just look at it. There are supposed 'friends' out there who post such scintillating updates as, "I am eating a bag of chips." When you find yourself unable to articulate a reply to these riveting observations, they toss a bloody polar bear at you. I tell you, this is nothing more than a technologically advanced version of an inanely screeching monkey chucking its own poo at its fellows.

No my honorable friends, I'll have none of it. Personal letters are dangerous enough, but at least they have substance. Phone calls are uncertain, but the connection is undeniable. Still, though, I prefer the now all but lost art of social calling: a visit in the parlor or garden over tea and scones while offering genteel conversation which does not simply make noise, but challenges and enlightens. Though the modern world has offered many improvements over my former life in the Victorian Era, Facebook is most assuredly not one of them. It provides a point of contact which can be easily found. That is all the credit I will give it.

Bailouts Continue to Multiply Using Money From Your Accounts

By Julian Dunraven, J.D., M.P.A.

Honorable Friends:

We are now past the election, but I cannot stop thinking of Disney’s Alice in Wonderland and the Dodo’s jolly caucus race. Do you recall the scene? The Dodo perches atop a pillar of rock on a beach, presiding over a crowd of critters running endlessly around his pillar in an attempt to get dry while the tide continues to crash over their heads. The Dodo instructs them that they must all run with the others if they want to get dry, all the while singing his ridiculous song:

'Round and 'round and 'round we go
Until forevermore
For once we were behind
But now we find we are be-

Forward, backward, inward, outward
Come and join the chase
Nothing could be drier
Than a jolly caucus race!

Certainly, everyone has been running together in our own caucus race. Both parties and both presidential candidates decided to run with the bailouts, and the bailouts continue to multiply and grow.

Yesterday morning the AP announced that AIG’s bailout has grown to more than $150 billion. Of this, $40 billion buys preferred stock for public ownership. The original $85 billion loan has been reduced to $60 billion and another $37.8 billion loan has been transformed into a $52.5 billion aid package.

We also have GM and Ford with their hands out for bailout money according to The Ludwig von Mises Institute. Have no doubt that they will get what they seek. They will get a bailout or two despite the fact that other automobile makers are doing just fine. They will get it despite the fact that, as the Institute points out, Ford has fewer employees than Abercrombie and Fitch and GM has far fewer employees than Target, Wal-Mart, or McDonalds, yet these companies would be laughed at if they demanded a bailout.

Goldman Sachs and Fannie and Freddie also are showing losses. Facing a third quarter net loss of over $29 billion, and a total outstanding debt of $880 billion as of October 31^st, Fannie has warned that its $100 billion bailout may not be enough.

So where is all the requested bailout money coming from? Well, $40 billion of AIG’s money is coming from the $850 billion bailout package Congress just passed. The rest is being printed by the Fed. But let us be honest: all the bailout money has been printed. We were running a deficit long before we ever made even the first bailout.

Understand that, by printing money, the government pays for these bailouts by taking value out of the savings accounts of private citizens. As the money supply is increased through inflation, and by printing more than $2 trillion in the last few weeks we have increased the money supply by almost 50%, the money we hold in savings is devalued. Thus, we must all work harder and longer in order to save less. It is a very subtle form of theft, but make no mistake—it is theft. The citizens of this country are all having their accounts raided, through inflation, to pay for the failed policies of these companies.

Now look at who is running things. Michael Alix has been named as senior vice president of the bank supervision group of the New York Fed. Formerly, he was the chief risk officer at Bear Sterns, which went under back in March from its derivative investments. Former officials of Goldman Sachs can be found throughout the Treasury Department and Fed. I suppose if Goldman continues to suffer, its management can always find new employment with government. Don’t you feel safe?

So this is the state of affairs. The whole country is drowning in debt and asking for bailouts. Our government dodos, who happen to be the same fools who got us into such debt in the first place, are now busy pouring even more debt through inflation upon us to facilitate the requested bailouts. But keep running, they say, and eventually you will get dry. Pay no attention to the rising waves.

Honorable friends, we have fallen down the rabbit hole, but isn’t it entertaining?

'Round and 'round and 'round we go
Until forevermore
For once we were behind
But now we find we are . . . still behind

Recovering from the Election and Preparing the Republican Party for the Future

Recovering from the Election and Preparing the Republican Party for the Future

By Julian Dunraven, J.D., M.P.A.

Honorable friends,

This year, as I handed out candy to trick-or-treaters for Samhain/Halloween, I received a terrible cold in exchange. I spent the last few days sniffling and moaning in bed. At some point, I recall watching a somewhat blurry talking head announce that Barack Obama had just won the election. That set off a wave of coughing I thought might kill me. Cursing cold medication induced hallucinations, I promptly poured myself more cough syrup and tried to return to sleep.

The next day, the irritating headlines refused to disappear, even when I refused any medication at all. The morbidly depressed phone calls that began to pour in confirmed that I was not hallucinating, however much I may have wanted to. Stupidity had finally achieved a majority of votes.

I have also heard from the other side, and I am astounded at what they are saying. Consider this email that invaded my inbox this morning:

“As you read the lovely quote below, which speaks volumes, listen to the ‘Yes We Can’ song one more time. Our future is looking brighter everyday and history has been made.
‘It is said that Rosa [Parks] sat so that Martin [Luther King Jr.] could walk. And Martin walked so that Obama could run. And Obama ran so that we could fly. It’s time to take wing.’”

Now, maybe it is because I am ill, but my breakfast was the only thing threatening to take wing after I read that. One had only to see the enraptured expressions of adulation on the faces of the crowd at Obama’s victory speech to know that this woman is not alone in her sentiment, though. They haven’t simply elected a president; a new messiah has risen to save the nation and the world. I, however, will not be among the worshipers of our new god-president.

As a devotee of the Old Religion of Ireland and a student of history, I know of countless examples where a man has claimed power along with semi-divine status. In each case, the new divinity ended up looking just like old-fashioned tyranny. Only once has the title of messiah ever stuck. But in that case, the man who claimed it never seized power or commanded armies. Rather, he presented a simple message of love that rose to preeminence through persuasion—not state power. To my knowledge, many Christians are still pretty happy with him, though it appears that some have found a replacement.

That replacement had best be up to the task. As the storm clouds gather, the silver lining for Republicans is that, with Democrats in control of both houses of Congress and the White House, they will not be able to blame us for anything anymore. Whatever happens from here will be up to them. I have no doubt whatsoever that if they implement even half of the economic plans they have proposed, they will make things much worse. What will happen when their god-president fails?

Republicans need to be taking advantage of this time to regroup. First, though, we must acknowledge that, by abandoning the fiscal responsibility that had been a fundamental principle of the party for decades, the party set itself up for the rise of this false messiah of socialism. The people have every right to doubt Republican commitment to free markets and spending cuts after the hideous displays they have witnessed during the Bush administration.

Expecting the party to reform on its own, however, seems ridiculous. If Republican leaders failed to uphold their principles, we the people also failed to hold them accountable. If we want to take back the Republican Party, reform it, and hope to have any chance of success, we all have to increase our involvement with the party, as well as make our demands very clear. Congress and our Party leaders have shown that they are utterly unprepared for and confused by the massive economic issues that broadsided the campaigns this year. If you find yourself to be just as clueless and confused by these issues as Congress is, though, you cannot hope to help set them on the correct path. So start by educating yourself.

The issues we will be facing are indeed immense. For most people, it has been many years since they last sat in an economics classroom, if they ever did at all. Fortunately, one of my honorable friends managed to find a site that provides a very simple but comprehensive summary of all the issues we face. I invite you to check out Chris Martenson’s free Crash Course in the Economy. His short lessons will leave you in a much better position to understand exactly how we got here and what we are facing. It will also give you a very good idea of what to demand from the Republican candidates we will soon have to send out to clean up the disasters Obama and the Democrats will inevitably wreak in our society.