Tuesday, January 30, 2007

Financial Discipline Demanded

It is high time that financial markets reign in the American government's profligate spending.

Foreign investors must begin to demand an interest rate premium for owning dollars.

Better yet, perhaps foreign investors, saddled with increasingly worthless dollars, ought to dump them on the open market.

Wednesday, January 24, 2007

Racial Diversity and Elite Educational Institutions: Duke’s Meltdown

William L. Anderson:

Racial Diversity and Elite Educational Institutions: Duke’s Meltdown - Although Michael B. Nifong is out of prosecuting the Duke non-rape, non-kidnapping, and non-sexual assault case, the monster remains in the hands of the entity that helped to make it a monster: the State of North Carolina. Thus, Reade Seligmann, Collin Finnerty, and David Evans are not safe until someone finally drives a stake into the heart of this thing, but that moment surely is coming, although I might add that it cannot come soon enough.

In one sense, this could have happened anywhere. False rape accusations have landed men into prison before, and college campuses tend to be ground zero of the "take back the night" culture in which all Caucasian men are considered to be rapists or about-to-become-rapists and secret members of the Ku Klux Klan. Yet, I would add that the volatile mix of people at an elite university like Duke is a much more fertile ground for a major hoax than would be a typical lower-tier state university. There is a special situation at these types of institutions that plays well to the kind of moral theater we have witnessed this past year.

To further stress this subject, I first need to point out some the social and academic dynamics of an elite university like Duke. Like many other academically elite universities, Duke’s student body is overwhelmingly white and Asian. (The dominance of Asian students is a relatively new phenomenon, as they tended to be excluded in the past, as well as non-white students.) Once upon a time, the demographics of the students did not bother the powers that be at elite institutions. Some, like Duke until 1961, did not admit blacks at all, while others admitted them, but did not have very many black applicants and even fewer black students...

The Cost of the Lie: Duke, the Courts, and Hoaxes

William L. Anderson:

The Cost of the Lie: Duke, the Courts, and Hoaxes — I recently received an email from someone who was a member of last year’s lacrosse team at Duke University, a young man who has had to watch the travesty suck three of his teammates and friends into North Carolina’s maw of injustice. What he said in the email made my jaw drop, and this is a case which has hardened my jaw line more than any other.

His email said that so far, the estimated cost of defense to the three families is exceeding five million dollars. That is correct. Three families are having to shell out five million dollars in total to deal with the lies perpetuated by the State of North Carolina.

No doubt, many readers will not care at all. Two of the three families are wealthy, and the other is well-off, although the third family is having some difficulty paying the legal bills, from what I hear. I already have heard a number of black commentators and assorted leftists declaring that they see nothing wrong in having to force wealthy whites to pay millions of dollars to protect their sons against wrongful prosecutions....

What Thomas Jefferson learned from the Muslim book of jihad

Democrat Keith Ellison is now officially the first Muslim United States congressman. True to his pledge, he placed his hand on the Quran, the Muslim book of jihad and pledged his allegiance to the United States during his ceremonial swearing-in.

Capitol Hill staff said Ellison's swearing-in photo opportunity drew more media than they had ever seen in the history of the U.S. House. Ellison represents the 5th Congressional District of Minnesota.

The Quran Ellison used was no ordinary book. It once belonged to Thomas Jefferson, third president of the United States and one of America 's founding fathers. Ellison borrowed it from the Rare Book Section of the Library of Congress. It was one of the 6,500 Jefferson books archived in the library.

Ellison, who was born in Detroit and converted to Islam while in college, said he chose to use Jefferson's Quran because it showed that "a visionary like Jefferson " believed that wisdom could be gleaned from many sources.

There is no doubt Ellison was right about Jefferson believing wisdom could be "gleaned" from the Muslim Quran. At the time Jefferson owned the book, he needed to know everything possible about Muslims because he was about to advocate war against the Islamic "Barbary" states of Morocco , Algeria , Tunisia and Tripoli .

Ellison's use of Jefferson's Quran as a prop illuminates a subject once well-known in the history of the United States, but, which today, is mostly forgotten - the Muslim pirate slavers who over many centuries enslaved millions of Africans and tens of thousands of Christian Europeans and Americans in the Islami c "Barbary" states.

Over the course of 10 centuries, Muslim pirates cruised the African and Mediterranean coastline, pillaging villages and seizing slaves.

The taking of slaves in pre-dawn raids on unsuspecting coastal villages had a high casualty rate. It was typical of Muslim raiders to kill off as many of the "non-Muslim" older men and women as possible so the preferred "booty" of only young women and children could be collected.

Young non-Muslim women were targeted because of their value as concubines in Islamic markets. Islamic law provides for the sexual interests of Muslim men by allowing them to take as many as four wives at one time and to have as many concubines as their fortunes allow.

Boys, as young as 9 or 10 years old, were often mutilated to create eunuchs who would bring higher prices in the slave markets of the Middle East . Muslim slave traders created "eunuch stations" along major African slave routes so the necessary surgery could be performed. It was estimated that only a small number of the boys subjected to the mutilation survived after the surgery.

When American colonists rebelled against British rule in 1776, American merchant ships lost Royal Navy protection. With no American Navy for protection, American ships were attacked and their Christian crews enslaved by Muslim pirates operating under the control of the "Dey of Algiers "--an Islamist warlord ruling Algeria

Because American commerce in the Mediterranean was being destroyed by the pirates, the Continental Congress agreed in 1784 to negotiate treaties with the four Barbary States . Congress appointed a special commission consisting of John Adams, Thomas Jefferson, and Benjamin Franklin, to oversee the negotiations.

Lacking the ability to protect its merchant ships in the Mediterranean, the new America government tried to appease the Muslim slavers by agreeing to pay tribute and ransoms in order to retrieve seized American ships and buy the freedom of enslaved sailors.

Adams argued in favor of paying tribute as the cheapest way to get American commerce in the Mediterranean moving again. Jefferson was opposed. He believed there would be no end to the demands for tribute and wanted matters settled "through the medium of war." He proposed a league of trading nations to force an end to Muslim piracy.

In 1786, Jefferson, then the American ambassador to France, and Adams, then the American ambassador to Britain, met in London with Sidi Haji Abdul Rahman Adja, the "Dey of Algiers" ambassador to Britain.

The Americans wanted to negotiate a peace treaty based on Congress' vote to appease.

During the meeting Jefferson and Adams asked the Dey's ambassador why Muslims held so much hostility towards America , a nation with which they had no previous contacts.

In a later meeting with the American Congress, the two future presidents reported that Ambassador Sidi Haji Abdul Rahman Adja h ad answered that Islam "was founded on the Laws of their Prophet, that it was written in their Quran, that all nations who should not have acknowledged their authority were sinners, that it was their right and duty to make war upon them wherever they could be found, and to make slaves of all they could take as Prisoners, and that every Musselman (Muslim) who should be slain in Battle was sure to go to Paradise."

For the following 15 years, the American government paid the Muslims millions of dollars for the safe passage of American ships or the return of American hostages. The payments in ransom and tribute amounted to 20 percent of United States government annual revenues in 1800.

Not long after Jefferson's inauguration as president in 1801, he dispatched a group of frigates to defend American interests in the Mediterranean , and informed Congress.

Declaring that America was going to spend "millions for defense but not one cent for tribute," Jefferson pressed the issue by deploying American Marines and many of America 's best warships to the Muslim Barbary Coast

The USS Constitution, USS Constellation, USS Philadelphia, USS Chesapeake, USS Argus, USS Syren and USS Intrepid all saw action.

In 1805, American Marines marched across the dessert from Egypt into Tripolitania, forcing the surrender of Tripoli and the freeing of all American slaves.

During the Jefferson administration, the Muslim Barbary States , crumbling as a result of intense American naval bombardment and on shore raids by Marines, finally officially agreed to abandon slavery and piracy.

Jefferson's victory over the Muslims lives on today in the Marine Hymn, with the line, "From the halls of Montezuma to the shores of Tripoli , we will fight our country's battles on the land as on the sea."

It wasn't until 1815 that the problem was fully settled by the total defeat of all the Muslim slave trading pirates.

Jefferson had been right. The "medium of war" was the only way to put and end to the Muslim problem. Mr. Ellison was right about Jefferson . He was a "visionary" wise enough to read and learn about the enemy from their own Muslim book of jihad.