Tag Archive: finance

The ACLU and College Professors are Encouraging Book Burnings

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.


ACLU and Professor Team Up to Encourage Book Burnings


Abigail Shrier has committed the ultimate sin: she has a different opinion than the woke mob. And that is an unforgivable transgression.

Shrier’s new book is called Irreversible Damage: The Transgender Craze Seducing Our Daughters, and she discusses some very strong views, such as that children shouldn’t be coaxed into taking life-altering hormones.

This is a controversial topic for many people, and they can choose to support or argue against Shrier’s opinions.

But that’s not how the woke mob works. They don’t use logic and debate to engage in intellectual discourse.

Instead, they simply rage– what Isaac Asimov described as “the last resource of fools.”

So naturally Twitter is jumping all over this book and trying to cancel it.

Target– the mega retail chain with stores all over the Land of the Free, already buckled, and decided to pull the book because apparently it’s full of hate speech.

(Never mind that Target continues to sell White Fragility, which is also full of hate speech that accuses roughly half the country of being White Supremacists…)

But more surprising is that Chase Strangio, a deputy director with the ACLU, is one of the Twitter mobsters.

Strangio recently Tweeted, “We have to fight these ideas… Stopping the circulation of this book and these ideas is 100% a hill I will die on.”

Remember, Strangio is with the ACLU, where the ‘C’ and ‘L’ stand for ‘Civil Liberties’. And last time I checked, civil liberties include freedom of speech. How quaint.

Also joining the mob is a Professor of English from the University of California’s Berkely campus, who encourages people to steal and burn the book.

That’s right, our cultural overseers are now advocating literal book burnings in the Land of the Free.

Click here to read the full story.


State Universities of New York Threaten to Hold Students Hostage Over COVID


The system of New York State Universities announced a policy that all students on all campuses must test negative for COVID-19 before LEAVING campus to go home for the holidays.

If students test positive, they will be FORCED to quarantine on campus for 14 days, at the responsibility of the University.

And since campuses close just prior to Thanksgiving, that means students who test positive could be held hostage in isolation on the holiday, prevented from going home to see their families.

One question: HOW IS THIS NOT KIDNAPPING????

Click here to read the full story.


Great idea #593,291: Let’s Tax the Wind


Argentina’s government has been an endless supply of terrible ideas, from wealth taxes to full-blow asset confiscation. Their latest idea? Taxing the air– more specifically the wind.

Companies which sell wind power will have to pay 4.5% REVENUE (not profit) tax to the municipality for the privilege of using the air.

Remember when governments were talking about fossil fuel taxes to encourage energy companies to stop drilling and start investing in renewable energy?

Gee I wonder what’s going to happen with this one…

Click here to read the full story.


“Defund Police” politician calls police over dispute with Lyft driver


The City Commissioner in Portland, Oregon, Comrade Jo Ann Hardesty, has strongly voiced her support for defunding the police.

So you’d think she’d be the last person to ever call the cops.

But Hardesty was recently in a Lyft and got into an argument with her driver over some petty issue over the windows being up or down.

Apparently the argument escalated, and the driver pulled into a gas station and asked Hardesty to exit the vehicle.

Now, instead of resolving the matter like a grown adult, Hardesty– an elected official– decided to call 911 (i.e. a number reserved for EMERGENCIES).

The 911 dispatcher explained to Hardesty that no crime had been committed; if the Lyft driver wanted to cancel the ride, that was his right.

But Hardesty insisted that the dispatcher send the police, i.e. the very people she wants to defund… because apparently this petty dispute constituted an emergency.

Of course there is room for police reform. But Hardesty is absurdly hypocritical to call the police for such a trivial reason… and then demand that they be defunded.

Click here to read the full story.


Start now to make sure you are staying prepared.


via:  SovereignMan


Save pagePDF pageEmail pagePrint page

Your Money is not protected

It’s 2013 and Andrew’s Savings Have Just Been Confiscated By The Government…

…just like tens of thousands of other account holders,  some losing as much as 47.5% of their savings overnight…

Andrew’s still not exactly sure how much he lost, but it could be in the hundreds of thousands…
…and it was all 100% legal because of a bank “bail-in” law.
Even though we’re talking about Cyprus, and not America, according to one former banker this same thing could happen to U.S. banks thanks to bill H.R. 4173.
How safe would your retirement savings be if the U.S. decided to execute on bill H.R. 4173?
How would potentially losing access to massive amounts of your retirement savings affect your ability to…

  • Pay your mortgage
  • Pay for medical bills
  • Pay for groceries

You probably wouldn’t want to find out right?


So what is bill H.R. 4173.

It is a  new law of the land and It was signed into law in 2010 under then President Barack Hussein Obama.

It’s known under many different names:

  • The Dodd-Frank Act.
  • Wall Street Reform and Consumer Protection Act
  • Public Law 111–203
  • H.R. 4173
  • Bank Bail-In (Google this search phrase: Dodd–Frank Bail–In)

The law states that U.S. banks may take its depositors funds (i.e. your checking, savings, CD’s, IRA & 401(k) accounts) and use those funds when necessary to keep itself, the bank, afloat.

That means:

  • if your bank makes bad investments in derivatives
  • or makes bad loans to sub-prime borrowers
  • or manages the bank poorly and can’t service its debt
  • or even worse the U.S. economy has another 2008 collapse

Instead of that bank going bankrupt and the banks assets sold off to be given back to its depositors…

Now the bank simply keeps your money and guess what? The bank is no longer bankrupt.

YOUR ACCOUNT IS NOT FDIC INSURED WHEN THE BANK TAKES YOUR MONEY. NOT ONE SINGLE PENNY.



Start now to make sure you are staying prepared.



Save pagePDF pageEmail pagePrint page

They will never see it coming

Have you ever done something really stupid, just because you were in love? Something you look back on and cringe, thinking “why on earth did I do that?”

Of course. Who hasn’t?

Fear. Love. Panic. Exuberance. Jealousy. Desire. These emotions have tremendous influence over human behavior. And when they kick in, they skew our judgment and cause us to do things that can only be characterized as highly irrational.

In the world of economics and finance, they call this ‘sentiment’. Consumer confidence, business confidence, investor confidence… these are basically emotional readings. Screw the numbers. To hell with the truth. It’s all about how people feel.

It seems crazy, but it’s true. Right now, for example, ‘sentiment’ is telling us that the euro crisis is over. It’s telling us that the debt ceiling is pretty much resolved. And, after taking five years to reach pre-crash levels, it’s telling us that the stock market is once again safe for the average investor.

Yet the numbers tell a completely different story.

In the US, politicians are celebrating their accomplishments that the US unemployment rate has declined to 7.6%.

Of course, the real figures show that the labor force participation rate (effectively the percentage of society that they consider to be in the work force) has just hit a 30-year low. And the economy is failing to create new jobs.

Perhaps most of all, the US debt level this year will hit the danger zone that Greece was in just a few years ago when the European debt crisis kicked off in earnest.

In Europe, the situation is so bad that even the government figures are dismal. Italy is officially in a deep recession. Spain is posting a public deficit over 10% of GDP. The Greek economy shrank (officially) nearly 6% last year. Etc.

Bottom line, the numbers don’t match up with sentiment at all. And this makes for precarious investment conditions.

Over the first quarter of this year, US stock mutual funds reported $52 billion in retail investment inflows, according to market data firm TrimTabs. This is the highest inflow in a decade.

In January of this year, retail investors poured a record $77.4 billion into the stock market. To put this in perspective, the prior record, set in February 2000, was $23.7 billion.

You can probably guess how that turned out. This whoosh of money into stocks happened mere months before the crash.

It certainly seems strange when you stack it all together: on one hand, record high deficits, record high debts, record low labor force participation. On the other hand, record high stock market, record high mutual fund inflows.

Something just doesn’t add up.

Investors are throwing caution to the wind right now… ignoring the basic fundamentals and focusing exclusively on euphoric sentiment. (Or central bank policy).

 

Via: Simon Black
Senior Editor, SovereignMan.com


Save pagePDF pageEmail pagePrint page