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 Tuesday, November 18, 2008

 

   

 

Once we thought the earth
was flat - What of that?

It was just as globos then
Under believing men

As our later folks have found it,
By success in running round it;

What we think may guide our acts,
But it does not alter facts.

Charlotte Perkins Gilman
(1860-1935)


 

 


  What Is Provisional Truth?


As Charlotte Perkins Gilman observed a century ago (poem, top left), "What we think may guide our acts, but it does not alter facts."

Like an earth-centric universe, yesterday's "truth" has become today's fables, superstitions and discarded dogmas and doctrines. Today's "heresy" may become tomorrow's truth.
  As such - like tax law - truth is provisional and always subject to change.

Everything we "know" yet may be altered, refined, perhaps someday proven wrong, so it's advantageous to keep an open mind.


Provisional Truth  |  Quotes  |  November 2008

  Quotable

  Ozymandius
I met a traveler from an antique land
Who said: "Two vast and trunkless legs of stone
Stand in the desert... Near them, on the sand,
Half sunk a shattered visage lies, whose frown,
And wrinkled lip, and sneer of cold command,
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed;
And on the pedestal these words appear:
   "My name is Ozymandius, King of Kings,
    Look on my works, ye Mighty, and despair!"
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away.

Percy Bysshe Shelley, 1817  -  Link

  Continue to Quotes...
 


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Provisional Truth  |  Essays  |  June 2, 2008    As Published at LewRockwell.com 05/31/2008

  Thanks Charley Reese for Some Good Advice

A well regulated Militia, being necessary to the security of a free State, the right of the People to keep and bear Arms, shall not be infringed.   

Recently I took Charley Reese’s advice (LewRockwell.com, 01/22/2008) and exercised my Second Amendment right to keep and bear arms. I’m trying to exercise as many of those constitutional rights as possible these days, while available, given the increasing tendency of governments and do-gooders to subjugate, circumvent or creatively interpret those rights.  (Note: Many more accurately have observed I was granted a "privilege" by the state of Oklahoma.)

Fortunately I have not had occasion to try out the Fifth, Sixth or Seventh Amendments, but I thoroughly have enjoyed the First and now am looking forward to the Second. Gettin’ while the gettin’s good, I guess – one never knows these days.

  Continue Reading Thanks Charley...


Provisional Truth  |  Comment  |  2008

  Comment: Something To Think About...                      

  We Can't Make This Up, So It Must Be True
01/25/2008
January 24, 2008:  So... Exactly
Whose Economy Gets Stimulated? 

Transcript of comments during the Florida Republican Debate, January 24, 2007

Mike Huckabee:
"But let me speak to the really heart of what I think a lot of Americans are concerned about with the economy and, frankly, in talking about the stimulus package.

"One of the concerns that I have is that we'll probably end up borrowing this $150 billion from the Chinese and when we get those rebate checks, most people are going to go out and buy stuff that's been imported from China.

"I have to wonder whose economy is going to be stimulated the most by the package."

--Comment:  China now owns more than $380 billion of US Treasury obligations, and foreign interests control about 45% of the current $5.2 trillion of publicly held national debt, up from 30% in January 2001 ($2.34 trillion as of 11/2007 vs. $1.01 trillion as of 01/2001).  See Major Foreign Holdings of US Public Debt.

US national debt now exceeds $9.2 trillion, up from $920 billion in January 1981 when President Jimmy Carter left office, up tenfold in a generation, including $3.5 trillion in new national debt in only seven years since January 2001, plus another likely $600 billion before President George Bush leaves office in 2009.   How can anyone believe such a trend is sustainable?  Are we now a "Blanche DuBois" nation: "dependent upon the kindness of strangers" to keep our consumer economy, and our empire, afloat? 

Daily calculation of US national debt, see U.S Treasury Debt to the Penny at Treasury Direct.


01/08/2008
January 08, 2008: 
Plan Would Let Seniors Work to Pay Taxes

Tuesday December 25, 1:38 pm ET
By Jim Fitzgerald, Associated Press Writer

NY Town Wants to Start Program to Let Senior Citizens Work Off Property Taxes, for $7 an Hour

GREENBURGH, N.Y. (AP) -- Audrey Davison lives alone, gets a $620 Social Security check each month and worries about the sharply rising taxes on her four-bedroom house. Davison, 76, raised her family there and after 43 years, she really doesn't want to leave Greenburgh.

Greenburgh doesn't want her to leave, either.

The town is pushing a program that would let seniors work part-time, for $7 an hour, to help pay off some of their property taxes.

"People shouldn't have to sell their house, move away to a place with less taxes, leave behind their family and friends," said Town Supervisor Paul Feiner.

  Continue Reading It Must Be True...
 


Provisional Truth  |  Essays  |  August 22, 2007  |  Link to OK Gazette Essay Published August 15, 2007

  All Fired Up

Clean-burning natural gas or abundant, less-expensive coal? Oklahoma's Corporation Commission has been asked to approve a new power plant to be built in Red Rock, a joint venture between OG+E and Public Service of Oklahoma.

As submitted, plans for the $1.8 billion, 950-megawatt generating facility propose it will burn Wyoming coal and that's got one central Oklahoma company with a vested interest in natural gas buying more pages of advertising than the Mathis brothers.

Chesapeake Energy Corporation recently began an open letter campaign to influence the Corporation Commission to approve the facility, but require it be fueled by natural gas, some of which likely would originate from Oklahoma wells, not Wyoming coal.

  Continue Reading All Fired Up...
 


Provisional Truth  |  Essays  |  July 30, 2007  |  Link to Oklahoma Gazette Essay Published July 25, 2007

 
Penn Square Bank's Unexpected Legacy

A quarter-century ago, Penn Square Bank failed spectacularly in Oklahoma City, ushering in the untimely end of a previous oil boom, indelibly changing the landscape of banking throughout the state and hastening the emergence of national mega-banks.

And yet, after a generation of national consolidation in the banking industry, we enjoy one of the most competitive banking markets in the country, a direct consequence of Penn Square’s failure in 1982.

As the first domino to fall in a chain reaction lasting a decade, Penn Square Bank became the poster child for  the inflationary excesses of the Eighties, an era in which most bankers, oilmen and gasoline consumers had been convinced the prices of energy never again would decline from a $40-a-barrel peak in 1979. 

  Continue Reading Penn Square Bank's Unexpected Legacy...
 


Provisional Truth  |  Essays  |  June 23, 2007

  Inflation's Early Warning System

Red lights are blinking on inflation's early warning system control panel – fasten your seat belts. “Crude Foodstuffs and Feedstuffs,” commodities such as grains, raw milk, sugar and slaughter animals making up the raw materials that eventually become the finished products we call “food,” registered an unadjusted 35 percent year-over-year increase in the May Producer Price Index reported June 14th. Its five-month annualized increase is nearly 22%.

Extremely sensitive, and thus extremely volatile, the commodities component of PPI nonetheless is a credible harbinger of future inflation, and by extension, long opportunities in a bullish commodities market, as previous periods of rapid raw materials inflation since the 1970s has shown.

  Continue Reading Inflation's Early Warning System...
 


Provisional Truth  |  Essays  |  June 13, 2007    Link to Oklahoma Gazette Essay Published June 13, 2007

   Rein in the Rainy Day Fund

Oklahoma's economy is bright and sunny but taxpayers should note the balance of the interest-free loan we have made to the state in the form of our rainy day fund.

For the third consecutive year Oklahoma will deposit a maximum contribution to the state's Constitutional Reserve Fund, bringing the balance to more than $561 million by the end of June, nearly quadruple the high-water mark of $154 million in 1998.

  Continue Reading Rein in the Rainy Day Fund...


Provisional Truth  |  Essays  |  May 23, 2007

   Economic Tsunami Warning

More than anecdotal evidence now points to an economic tsunami forming from the sub-prime mortgage meltdown “ripples” which began to register on financial seismometers 18 months ago.  It's an instructive image, how a seemingly small, inconsequential thing can later, unexpectedly manifest itself in a big, deadly, destructive way.

As with a real tsunami, when produced by an underwater earthquake, it travels virtually unnoticed in open water, appearing as mere ripples or swells moving across the sea. Only when the wave energy and momentum approach the shallowing continental shelf, and, ultimately, the shoreline, does the destructive magnitude of a tsunami become evident.

  Continue Reading Economic Tsunami Warning...                                 
 


Provisional Truth  |  Essays  |  May 9, 2007  |  Link

  Thin Paper Line

A recent study funded by the Pentagon concluded the U.S. Army was stretched to its limit, a “thin green line” as the media have taken to calling the controversial conclusions of this report, referring to James Jones's 1962 novel The Thin Red Line. The novel's title is derived from an old Midwestern saying that “there's only a thin red line between the sane and the mad.” War, accurately portrayed in his book and the 1998 movie, seems to stretch that line almost to the breaking point, as any combat veteran would know.

Our thin paper line is the world's financial and monetary system – in reference to the paper-based nature of world financial markets. It's what separates global economic prosperity from catastrophic financial depression.

  Continue Reading
Thin Paper Line...
 


Provisional Truth  |  Essays  |  April 29, 2007  |  Link

  This I Believe:  Truth is Provisional, Love is Absolute

April 2007 CE

Like many, I received ample childhood religious instruction, raised to follow the faith of my parents, but I never encountered that sense of peace others professed and I never outgrew my doubt and concern about the conflicting doctrines proclaimed by myriad religions.

Over the years I sampled several variations of Christianity, from Catholicism to Fundamentalism to end-times Hal Lindsay-ism, but eventually, invariably, I drifted away. Always so much attention infatuation really not on this life, but the next.

  Continue Reading This I Believe...
 


Provisional Truth  |  Essays  |  April 18, 2007  |  Link  |  Link to Oklahoma Gazette Essay Published April 18, 2007

  The Ethics of Ethanol  

Addiction, it is said, often blinds those so afflicted to the moral and ethical considerations of behaviors intent on satisfying their habits.

In our present oil addiction we so fervently have embraced corn ethanol as one solution to our petroleum dependency we have neglected to question the ethical and moral propriety of using food for fuel.

In 2005 we put about an eighth of the entire U.S. corn crop into our gasoline tanks. Those plump, golden kernels, once destined to become snack chips or cereals or tortillas or sweeteners, instead were converted into 4 billion gallons of ethanol and used as an additive to 150 billion gallons of gasoline consumed that year.

  Continue Reading The Ethics of Ethanol...
 


Provisional Truth  |  Essays  |  April 13, 2007  |  Link

   Judgment Day - Apophis the Destroyer

As if we didn't have anything else to worry about, here comes some dandy news from outer space. Asteroid 99942 Apophis, a thousand-foot diameter chunk of rock discovered in 2004, will rendezvous with Earth again on April 13, 2029 (a Friday, of course), hopefully slipping by us at a near-miss distance of about 18,000 miles.

That's closer than many satellites and well-within the Moon's orbit, and Apophis, the Greek name for an Egyptian god of darkness and chaos – naturally – will be visible to the naked eye in parts of Europe North Africa and western Asia as it whizzes by. Talk about close encounters of the worst kind, but wait, it gets better.

  Continue Reading Judgment Day - Apophis the Destroyer...


Provisional Truth  |  Essays  |  Link

  2006 Essays

December 2006: Mass Transit: Get On Board - Link
November 2006: Nuclear Power Necessity - Link
November 2006: Disposable Consumerism - Link
November 2006: Faith-Based Money - Link
September 2006: Ask (Oprah) and Ye Shall Receive
- Link
July 2006: Election Day Sobriety - Link
July 2006: The Fever of Gaia - An Inconvenient Truth -
Link
June 2006: Addicted to Oil -
Link   Published Version - OK Gazette 05312006
February 2006: Thin Paper Line - Link

  2005 Essays

December 2005: Saving Social Security 2006 - Link 
November 2005:
Color Me Purple - Link
October 2005: Summer Reading 2005 - Link

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