JUST A CORRECTION

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Posted on 27th August 2015 by Administrator in Economy |Politics |Social Issues

Via Townhall

QUOTES OF THE DAY

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Posted on 27th August 2015 by Administrator in Economy |Politics |Social Issues

“Truth is treason in the empire of lies.”

Ron Paul

“Freedom is not defined by safety. Freedom is defined by the ability of citizens to live without government interference. Government cannot create a world without risks, nor would we really wish to live in such a fictional place. Only a totalitarian society would even claim absolute safety as a worthy ideal, because it would require total state control over its citizens’ lives. Liberty has meaning only if we still believe in it when terrible things happen and a false government security blanket beckons.”

Ron Paul

“I’m convinced that you never have to give up liberties to be safe. I think you’re less safe when you give up your liberties.”

Ron Paul

“The most basic principle to being a free American is the notion that we as individuals are responsible for our own lives and decisions. We do not have the right to rob our neighbors to make up for our mistakes, neither does our neighbor have any right to tell us how to live, so long as we aren’t infringing on their rights. Freedom to make bad decisions is inherent in the freedom to make good ones. If we are only free to make good decisions, we are not really free.”

Ron Paul

“Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.”

Ron Paul

“Mr. Speaker, I once again find myself compelled to vote against the annual budget resolution for a very simple reason: it makes government bigger.”

Ron Paul

“It is no coincidence that the century of total war coincided with the century of central banking.”

Ron Paul, End the Fed

“When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.”

Ron Paul


Remembering the Summer of 1929

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Posted on 26th August 2015 by Administrator in Economy |Politics |Social Issues

Guest Post by Jesse

This is one of the best documentaries on the Crash of 1929 if you wish to get a feel for the times.   You may find it interesting to watch the whole thing below.I have posted the entire documentary twice before:  once, on the 80th anniversary of Black Thursday in 2009, and once before in December of 2007.

I remember the Summer of 1929 being described as unusually hot, with the stock market going up and down like a roller coaster, making investors and pundits almost dizzy.  That is, until the great push up to the very height of the market in early September.

It was the laissez-faire abuses of the 1920’s, the reign of supply side economics,  the institutionalized political corruption of easy money, an oversized,  overly influential and powerful financial/industrial sector that set the stage for the terrible Depression of the 1930’s.

It also gave rise to the many reforms introduced by the FDR administration.

Most of which have been steadily overturned, one by one, by the big money interests who care for nothing but themselves, and would do it again, and again, if allowed to do so.

Most of the scams of the moneyed interests are remarkably simple, and the same over time.  At least they are once you scrape away the jargon, the bells and whistles, and paid for policy theories of pedigreed prostitutes.

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Rutgers University Warns Students – “There is No Such Thing as Free Speech”

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Posted on 26th August 2015 by Administrator in Economy |Politics |Social Issues

Guest Post by Michael Krieger 

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Ironically, U.S. college campuses are rapidly becoming the least free, most censored places in the country. Many people have commented on this, including high profile, enormously talented comedians such as Chris Rock and Jerry Seinfeld. In fact, Chris Rock was so appalled that he stopped playing colleges because audiences had become “too conservative” Before getting all bent out of shape, this is what he meant:

Not in their political views — not like they’re voting Republican — but in their social views and their willingness not to offend anybody. Kids raised on a culture of “We’re not going to keep score in the game because we don’t want anybody to lose.” Or just ignoring race to a fault. You can’t say “the black kid over there.” No, it’s “the guy with the red shoes.” You can’t even be offensive on your way to being inoffensive.

Although I’ve touched upon this subject before, I haven’t given it nearly the amount of attention it deserves. That said, I would suggest rereading a powerful post published earlier this summer, A Professor Speaks Out – How Coddled, Hyper Sensitive Undergrads are Ruining College Learning. Here’s an excerpt:

Things have changed since I started teaching. The vibe is different. I wish there were a less blunt way to put this, but my students sometimes scare me — particularly the liberal ones.

I once saw an adjunct not get his contract renewed after students complained that he exposed them to “offensive” texts written by Edward Said and Mark Twain. His response, that the texts were meant to be a little upsetting, only fueled the students’ ire and sealed his fate.  That was enough to get me to comb through my syllabi and cut out anything I could see upsetting a coddled undergrad, texts ranging from Upton Sinclair to Maureen Tkacik — and I wasn’t the only one who made adjustments, either.

The current student-teacher dynamic has been shaped by a large confluence of factors, and perhaps the most important of these is the manner in which cultural studies and social justice writers have comported themselves in popular media. I have a great deal of respect for both of these fields, but their manifestations online, their desire to democratize complex fields of study by making them as digestible as a TGIF sitcom, has led to adoption of a totalizing, simplistic, unworkable, and ultimately stifling conception of social justice. The simplicity and absolutism of this conception has combined with the precarity of academic jobs to create higher ed’s current climate of fear, a heavily policed discourse of semantic sensitivity in which safety and comfort have become the ends and the means of the college experience.

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ADMIN BABY PICTURE

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Posted on 26th August 2015 by Administrator in Economy |Politics |Social Issues

Via Knuckledraggin

ANCHORS AWAY?

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Posted on 26th August 2015 by T4C in Economy |Politics |Social Issues |Technology

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I love it when he does Free PoMs cuz I love sharing them with the handful of people that are interested in this subject. That’s ok, I truly have a sense of contributing something that I passionately feel is important. What is happening, and will continue to happen until the goal is reached has, to my knowledge, NEVER occurred in recorded history. And sans any judgement about the ‘goodness/badness’ of it, I find the dynamics of the powers-at-play simply riveting.

 

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US DOLLAR EXCHANGE RATE ANCHORS

August 26, 2015

Philosophy of Metrics

 

With so much discussion taking place about the global monetary imbalances and ending of USD exchange rate pegs, let’s spend a few minutes to take a closer look and determine how much of the info being presented is simply dramatic headlines, and how much is factual information.

Here on POM I’ve always attempted to present information in a manner that is non-inflammatory with less-than-dramatic headlines. I’ve gotten better at this over time. It has been my contention that the information itself is extremely telling of the patterns and trends that are unfolding in the international monetary framework. Patterns and trends based on structural changes.

So far the information presented has proven to be fairly accurate.

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WHY ARE SOCIAL MEDIA ACCOUNTS OF KILLERS IMMEDIATELY SCRUBBED?

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Posted on 26th August 2015 by Administrator in Economy |Politics |Social Issues

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The dude who shot the reporters on air in Virginia today was a disgruntled former black employee. His twitter and facebook accounts were almost immediately taken down so no one could see what his real motivation was. Too late. Some people saved snapshots of his twitter account. His tweets during and after the murder prove it was racially motivated. A black man killing white people because they are white just doesn’t fit into the MSM storyline. I’m sure Obama will speak about the need for black people to not be racist.

Checkout the dude’s ramblings. He claims the female reporter made racist comments. 

Bryce Williams Twitter Account


MSM FALSE STORYLINE ABOUT TRUMP KICKING UNIVISION REPORTER OUT

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Posted on 26th August 2015 by Administrator in Economy |Politics |Social Issues

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The MSM is in a tizzy again with headlines about Trump kicking Univision reporter Jorge Ramos out of his press conference. The storyline is complete and utter bullshit. Trump answered about ten questions from the dude as he continually interrupted Trump’s answers. When Trump moved on after almost 5 minutes of answering this jerk-off’s questions to another reporter, Ramos wouldn’t sit down or shut up. The MSM shows the 30 second clip of Ramos being removed, but not the 5 minutes of Trump answering his questions. The MSM is nothing but gotcha artists with no journalistic integrity or truth.


For Immigration Answers, Look to Liberty

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Posted on 26th August 2015 by Administrator in Economy |Politics |Social Issues

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What should be done with the estimated 15 million people living in the United States without the legal right to be here? It seems most politicians and many Americans come down on one or the other extreme. Many Republicans, including Republican presidential candidate Donald Trump, have the idea that they can round up 15 million people and ship them back to wherever they came from. Many Democrats, on the other hand, would grant them blanket amnesty, give them citizenship, and make sure as many as possible are fully signed up to the welfare ranks.

Has anyone thought for a moment about how difficult, expensive, disruptive, and dangerous to our civil liberties it would be to turn over every stone in this country to search for someone who might not be here legally? How many billions of dollars would it cost? The government would likely introduce a national identification card in effort to determine who should be here and who should not. The cards would no doubt be equipped with biometric data to transmit to the government information about law-abiding American citizens that they have no right knowing.

But on the other hand, how many billions of dollars per year does it cost to provide federal, state, and local welfare and other benefits to individuals who are not legally in the United States?

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What If The “Crash” Is As Rigged As Everything Else?

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Posted on 26th August 2015 by Administrator in Economy |Politics |Social Issues

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Submitted by Charles Hugh-Smith of OfTwoMinds blog,

Take your pick–here’s three good reasons to engineer a “crash” that benefits the few at the expense of the many.

There is an almost touching faith that markets are rigged when they loft higher, but unrigged when they crash. Who’s to say this crash isn’t rigged? A few things about this “crash” (11% decline from all time highs now qualifies as a “crash”) don’t pass the sniff test.

Exhibit 1: VIX volatility Index soars to “the world is ending” levels when the S&P 500 drops a relatively modest 11%. The VIX above 50 is historically associated with declines of 20% or more–double the current drop.

When the VIX spiked above 50 in 2008, the market ended up down 57%. Now that’s a crash.

 

Exhibit 2: The VIX soared and the market cratered at the end of options expiration week (OEX), maximizing pain for the majority of punters. Generally speaking, OEX weeks are up. The exceptions are out of the blue lightning bolts such as the collapse of a major investment bank.

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SURVIVING THE GREATER DEPRESSION

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Posted on 26th August 2015 by Administrator in Economy |Politics |Social Issues

Via Lonely Libertarian


Question of the Day, August 26

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Posted on 26th August 2015 by Back in PA Mike in Economy

Is Donald Trump the Boomer prophet?