Holy smoking crap

Marine Capt. Brian R. Chontosh received the Navy Cross Medal from the Commandant of the United States Marine Corps, Gen. Michael W. Hagee, during an awards ceremony Thursday at Marine Corps Air Ground Combat Training Center, Twentynine Palms, Calif. Three other Marines received medals for valor at the same ceremony.

Chontosh, 29, from Rochester, N.Y. , received the naval service’s second highest award for extraordinary heroism while serving as Combined Anti-Armor Platoon Commander, Weapons Company, 3rd Battalion, 5th Marine Regiment, 1st Marine Division, 1st Marine Expeditionary Force, in support of Operation Iraqi Freedom March 25, 2003. The Medal of Honor is the highest military award.

While leading his platoon north on Highway 1 toward Ad Diwaniyah, Chontosh’s platoon moved into a coordinated ambush of mortars, rocket propelled grenades and automatic weapons fire. With coalitions tanks blocking the road ahead, he realized his platoon was caught in a kill zone. He had his driver move the vehicle through a breach along his flank, where he was immediately taken under fire from an entrenched machine gun. Without hesitation, Chontosh ordered the driver to advanced directly at the enemy position enabling his .50 caliber machine gunner to silence the enemy.

He then directed his driver into the enemy trench, where he exited his vehicle and began to clear the trench with an M16A2 service rifle and 9 millimeter pistol. His ammunition depleted, Chontosh, with complete disregard for his safety, twice picked up discarded enemy rifles and continued his ferocious attack. When a Marine following him found an enemy rocket propelled grenade launcher, Chontosh used it to destroy yet another group of enemy soldiers. When his audacious attack ended, he had cleared over 200 meters of the enemy trench, killing more than 20 enemy soldiers and wounding several others.

“They are the reflection of the Marine Corps type who’s service to the Marine Corps and country is held above their own safety and lives,” said Gen. Hagee, commenting on the four Marines who received medals during the ceremony. “I’m proud to be here awarding the second highest and third highest awards for bravery to these great Marines.”

“These four Marines are a reflection of every Marine and sailor in this great battalion,” said Sergeant Major of the Marine Corps, Sgt. Maj. John L. Estrada. “I was just doing my job, I did the same thing every other Marine would have done, it was just a passion and love for my Marines, the experience put a lot into perspective,” said Chontosh.

That’s why they called them Devil Dogs. It sure sounds as if he might have played Doom at one point or another.

Neither a borrower nor a lender be

SW writes: Bill Buckler, from his newsletter the Privateer… says that the Asians have to make a choice about whether to buy the continuing avalanches of US debt that will be issued from the US Treasury. If they buy the debt, they have to expand their own money supplies. If they don’t, then the dollar will fall. “They know that they can either crash their own economies, or crash the US Treasury.” Why will the dollar fall if the Asians don’t?

If the Asians don’t continue to buy US Treasuries, which are loans taken out from the Federal Reserve by the US government, then the government has two options: raise taxes dramatically or print more money. (Actually, there is a third option of providing worthwhile services for which people are willing to pay, but don’t hold your breath waiting for that to happen.) Since increasing the tax burden would drive the greedy, overburdened American consumer into default, the only serious option is inflation.

We have been seeing plenty of signs of this over the last few years, as asset prices have increased, now accompanied by rising producer prices and, despite the best efforts of the statisticians to hide it, consumer prices. Now, the USA is in serious trouble if the Japanese and Chinese stop printing yen and renminbi in order to buy dollars since the Asians account for about two-thirds of our debt purchasing. Inflation would have to increase dramatically for government to keep spending at its current rate, much less increase its rate of spending as is currently planned.

More dollars equals lower value. So, the dollar falls.