The True Black Tragedy: Illegitimacy Rate of Nearly 75%

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Posted on 29th May 2016 by Administrator in Economy |Politics |Social Issues

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Guest Post by Walter E. Williams

Hustlers and people with little understanding want us to believe that today’s black problems are the continuing result of a legacy of slavery, poverty and racial discrimination. The fact is that most of the social pathology seen in poor black neighborhoods is entirely new in black history. Let’s look at some of it.

Today the overwhelming majority of black children are raised in single female-headed families. As early as the 1880s, three-quarters of black families were two-parent. In 1925 New York City, 85 percent of black families were two-parent. One study of 19th-century slave families found that in up to three-fourths of the families, all the children had the same mother and father.

Today’s black illegitimacy rate of nearly 75 percent is also entirely new. In 1940, black illegitimacy stood at 14 percent. It had risen to 25 percent by 1965, when Daniel Patrick Moynihan wrote “The Negro Family: The Case for National Action” and was widely condemned as a racist. By 1980, the black illegitimacy rate had more than doubled, to 56 percent, and it has been growing since. Both during slavery and as late as 1920, a teenage girl raising a child without a man present was rare among blacks.

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POST TURTLES

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Posted on 29th May 2016 by Administrator in Economy |Politics |Social Issues

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Via Lonely Libertarian


JESUS ON SOCIALISM

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Posted on 15th April 2016 by Administrator in Economy |Politics |Social Issues

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Press & Politicians Are The Problem

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Posted on 25th March 2016 by Administrator in Economy

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White House Dinner 1996

The elitist press are starting to realize that they are the problem. “Trump voters are a coalition of the dispossessed. They have suffered lost jobs, lost wages, lost dreams. The American system is not working for them, so naturally they are looking for something else. Moreover, many in the media, especially me, did not understand how they would express their alienation. We expected Trump to fizzle because we were not socially intermingled with his supporters and did not listen carefully enough. For me, it’s a lesson that I have to change the way I do my job if I’m going to report accurately on this country,” wrote David Brooks of the New York Times who had endorsed Obama.

This is why I call the people the “great unwashed” because politicians and journalists are disconnected from reality, and combined, they will absolutely bring about the collapse of the United States. We will, no doubt, see the USA ultimately split into at least four separate nations that are divided but still “united” as states. It has been set in motion by this elitist, socialistic bullshit, and the people are stupid enough to listen to whatever they preach as they line their pockets. I am not writing about this from afar. I have even attended the White House Correspondence Dinner where the president came and delivered a speech. So I have been inside, but I am also on the outside for I read the tea leaves of the economy; not what Harvard professors teach.

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QUOTES OF THE DAY

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Posted on 27th February 2016 by Administrator in Economy

“He knows nothing; and he thinks he knows everything. That points clearly to a political career.”

George Bernard Shaw

“Our great democracies still tend to think that a stupid man is more likely to be honest than a clever man, and our politicians take advantage of this prejudice by pretending to be even more stupid than nature made them.”

Bertrand Russell

“I once saw a snake having sex with a vulture, and I thought, It’s just business as usual in Washington DC.”

Jarod Kintz

“In the present case it is a little inaccurate to say I hate everything. I am strongly in favor of common sense, common honesty and common decency. This makes me forever ineligible to any public office of trust or profit in the Republic. But I do not repine, for I am a subject of it only by force of arms.”

H.L. Mencken

“Politicians were mostly people who’d had too little morals and ethics to stay lawyers.”

George R.R. Martin


MORE THAN 30 BLOCKS OF FISCAL IRRESPONSIBILITY

221 comments

Posted on 26th February 2016 by Administrator in Economy

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“Democracy is a pathetic belief in the collective wisdom of individual ignorance. No one in this world, so far as I know—and I have researched the records for years, and employed agents to help me—has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.” – H.L. Mencken, Notes on Democracy

I’ve written dozens of articles about the 30 Blocks of Squalor over the years. The 30 blocks are essentially from 69th Street to 39th Street encompassing the wretched potholed route from unsafe Upper Darby through the killing fields of West Philly. The fine union government workers in the Streets Department have consistently maintained Chestnut Street in a constant state of disrepair. Not that drivers notice.

When there is an accident on the Schuylkill Expressway in the morning I’m forced to run the 30 Blocks gauntlet down Chestnut Street. I’ve had to do it a few times in recent days. The expletives flowed in waves as I hit four unmarked craters in the center lane. These were not the common everyday West Philly potholes that pock the landscape like it’s the moon. At least if you see a local resident fishing in the pothole, you can avoid it.

These four separate craters were man made, or to be honest, created by a bunch of government union drones, not refilled with blacktop or marked with an orange cone. The question is whether this is utter incompetence, blatant indifference, spite or a business transaction between government drones and local tire dealers. Luckily, government traffic engineers have been too swamped to properly time the lights on Chestnut Street for the last 20 years, so no one can travel faster than 15 mph anyway. Government lessens the pain of their ineptitude through their ineptitude in another area. They call that a win win in Philly. As the light at 57th and Chestnut remains on blinking yellow for a week, it makes you wonder what pressing issues are occupying the fine highly compensated union Streets employees.

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This Is The Real Reason For The War On Cash

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Posted on 18th February 2016 by Administrator in Economy

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Originally posted Op-Ed via The Wall Street Journal,

These are strange monetary times, with negative interest rates and central bankers deemed to be masters of the universe. So maybe we shouldn’t be surprised that politicians and central bankers are now waging a war on cash. That’s right, policy makers in Europe and the U.S. want to make it harder for the hoi polloi to hold actual currency.

Mario Draghi fired the latest salvo on Monday when he said the European Central Bank would like to ban €500 notes. A day later Harvard economist and Democratic Party favorite Larry Summers declared that it’s time to kill the $100 bill, which would mean goodbye to Ben Franklin. Alexander Hamilton may soon—and shamefully—be replaced on the $10 bill, but at least the 10-spots would exist for a while longer. Ol’ Ben would be banished from the currency the way dead white males like him are banned from the history books.

Limits on cash transactions have been spreading in Europe since the 2008 financial panic, ostensibly to crack down on crime and tax avoidance. Italy has made it illegal to pay cash for anything worth more than €1,000 ($1,116), while France cut its limit to €1,000 from €3,000 last year. British merchants accepting more than €15,000 in cash per transaction must first register with the tax authorities. Fines for violators can run into the thousands of euros. Germany’s Deputy Finance Minister Michael Meister recently proposed a €5,000 cap on cash transactions. Deutsche Bank CEO John Cryan predicted last month that cash won’t survive another decade.

The enemies of cash claim that only crooks and cranks need large-denomination bills. They want large transactions to be made electronically so government can follow them. Yet these are some of the same European politicians who blew a gasket when they learned that U.S. counterterrorist officials were monitoring money through the Swift global system. Criminals will find a way, large bills or not.

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Political Revulsion and Trump

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Posted on 9th January 2016 by Administrator in Economy

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political revulsion

A great political revulsion is underway. The mystery of Trump and his popularity confounds only those who believe the current political class is not exploiting and screwing up everything they touch. The shallow-minded media come to mind. The rest of us understand the revulsion.

trumpalabamaThe risk of electing a Trump is great, but continuing with the current Mafia has a certain end. The choice is one between rusting out with certainty (i.e., over a longer period of time) versus a chance of solving the rust problem but with the risk of burning out immediately. In short, it is akin to the decision of allowing King George to slowly milk the life out of the country or risking war against the then most powerful country in the world. Back then many wanted to choose the rusting process rather than risk the fires of war. After all, how bad could things get in the short span of a lifetime?

Fortunately, the nation back then was not filled with political correctness and cowardice. A minority prevailed and the freedom and liberty that changed the world was the result. A similar decision point, on a less grandiose scale, seems to be driving today’s political machinations.

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WHAT EVERY POLITICIAN DESERVES

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Posted on 17th December 2015 by Administrator in Economy

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LIVING A LIE

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Posted on 11th December 2015 by Administrator in Economy

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“Above all, don’t lie to yourself. The man who lies to himself and listens to his own lie comes to a point that he cannot distinguish the truth within him, or around him, and so loses all respect for himself and for others. And having no respect he ceases to love.” –  Fyodor Dostoyevsky, The Brothers Karamazov

The lies we tell ourselves are only exceeded by the lies perpetrated by those controlling the levers of our society. We’ve lost respect for ourselves and others, transforming from citizens with obligations to consumers with desires. The love of mammon has left our country a hollowed out, debt ridden shell of what it once was.  When I see the data from surveys about the amount of debt being carried by people in this country and match it up with the totals reported by the Federal Reserve, I’m honestly flabbergasted that so many people choose to live a lie. By falling for the false materialistic narrative of having it all today, millions of Americans have enslaved themselves in trillions of debt. The totals are breathtaking to behold:

Total mortgage debt – $13.6 trillion ($9.9 trillion residential)

Total credit card debt – $924 billion

Total auto loan debt – $1.0 trillion

Total student loan debt – $1.3 trillion

Other consumer debt – $300 billion

With 118 million occupied households in the U.S., that comes to $145,000 per household. But, when you consider only 74 million of the households are owner occupied and approximately 26 million of those are free and clear of mortgage debt, that leaves millions of people with in excess of $200,000 in mortgage debt. Keeping up with the Joneses has taken on a new meaning as buying a 6,000 sq ft McMansion with 3% down became the standard operating procedure for a vast swath of image conscious Americans. When you are up to your eyeballs in debt, you don’t own anything. You are living a lie.

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SEE WHAT THE FED HAS WROUGHT

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Posted on 10th December 2015 by Administrator in Economy

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1971 was a turning point. The gold window was closed by Nixon, leaving central bankers and politicians to debase the currency, enrich themselves, while impoverishing the rest of us. Watch your money dissipate.

Via Zero Hedge


FOURTH TURNING – POLITICIANS DRIVING THE WORLD TOWARDS WAR

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Posted on 28th November 2015 by Administrator in Economy

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In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I pondered possible Grey Champion prophet generation leaders who could arise during the regeneracy. In Part 3 I focused on the economic channel of distress which is likely to be the primary driving force in the next phase of this Crisis. In Part 4 I assessed the social and cultural channels of distress dividing the nation. In Part 5 I’ll examine the technological, ecological, political, and military channels of distress likely to burst forth with the molten ingredients of this Fourth Turning, and finally in Part 6 our rendezvous with destiny, with potential climaxes to this Winter of our discontent.

Technological & Ecological Distress

“Technological progress has merely provided us with more efficient means for going backwards.” Aldous Huxley – Ends and Means

The level of distress being produced by technology was probably underestimated by Strauss & Howe when they wrote their book in 1997. The internet, cell phones and e-commerce were still in their infancy, while cyber security was an unknown concept. Huxley would be shocked by how backwards we have “progressed” through the efficient distribution of iGadgets, creating millions of distracted, non-thinking, passive, easily pliable, willfully ignorant sheep who adore their technological servitude.

A vast swath of the populace never reads a book and can’t go more than a few minutes without checking their iGadget to view the latest funny cat video, the latest update on Kim Kardashian’s ass, Bruce/Caitlyn Jenner’s courage, or Lamar Odom’s latest whorehouse escapade. Our country is drowning in a sea of irrelevance as our infinite craving for diversions and triviality overwhelms any thoughts of confronting our oppressors. The adoration of technology has degraded our ability to think and allowed the Deep State to control the masses by amusing them to death.

The totalitarian Orwellian utilization of technology was exposed by a millennial with courage, intelligence, and love of his country – Edward Snowden. His revelations were very distressful to the felonious government apparatchiks who blatantly flaunt their disregard for the Fourth Amendment to the Constitution. The criminals at the NSA, fully supported by Obama and Congress, have made Big Brother look like an amateur, as they siphon up every phone call, text, email, and facebook entry made by each person in this country and for good measure the political leaders of our allies and enemies.

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THE MOST DEVIOUS LIARS IN THE ROOM

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Posted on 4th November 2015 by Administrator in Economy

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There were a few different stories coming out over the last few days that reveal the true nature of government and the apparatchiks who use disinformation, devious machinations, fraudulent accounting, and taxpayer money to cover up their criminality, lies, and the true state of the American economy. The use of government accounting tricks to obscure the truth about our dire financial straits is designed to keep the masses sedated and confused.

A few weeks ago, to great fanfare from the fawning faux journalists who never question any Washington D.C. propaganda, they announced the lowest annual deficit of Obama’s reign of error.

For the fiscal year that ended Sept. 30 the shortfall was $439 billion, a decrease of 9%, or $44 billion, from last year. The deficit is the smallest of Barack Obama’s presidency and the lowest since 2007 in both dollar terms and as a percentage of gross domestic product.

Jack Lew, the Treasury Secretary, and Obama were ecstatic as they boasted about this tremendous accomplishment. I find it disgusting that our leaders hail a $439 billion deficit as a feather in their cap, when until the mid-2000’s the country had never had an annual deficit above $300 billion. After 183 years as a country, the entire national debt was only $427 billion in 1972. Now our beloved leaders cheer annual deficits above that figure. What a warped, deformed, dysfunctional nation we’ve become.

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WHY DO WE HAVE WARS?

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Posted on 29th October 2015 by Administrator in Economy

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Hat tip flash

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