Wednesday, March 02, 2016
Black College Students Who Cops Say Lied About Racist Attack and Were Actually the Aggressors Appear in Court. Here’s How They Plead. | Video | TheBlaze.com
Black College Students Who Cops Say Lied About Racist Attack and Were Actually the Aggressors Appear in Court. Here’s How They Plead. | Video | TheBlaze.com:
"Three black students from State University of New York at Albany who police say lied about being targets of a racially motivated attack on city bus pleaded not guilty Monday to charges of assault and harassment. Two of the three women also pleaded not guilty to charges of falsely reporting the incident.
The charges against the women came weeks after a rally at the school supporting them; they had claimed they were attacked by a group of white men and women Jan. 30."
The charges against the women came weeks after a rally at the school supporting them; they had claimed they were attacked by a group of white men and women Jan. 30."
Sorority rush counts as hazing because it's stressful and makes girls cry, student argues
Sorority rush counts as hazing because it's stressful and makes girls cry, student argues - The College Fix:ANALYSIS: Is sorority rush a safe space?
‘After six hours of judgment and insecurity … it’s hard and confusing to leave a house after having a great conversation with a girl and being led to believe that the girls in a particular house like you, and then finding out you were cut from that house’
The sorority rush process at Northwestern University, in which female students work to be accepted into their favorite sorority, is a physically and emotionally taxing process that ultimately violates the school’s strict anti-hazing policy.
So says Northwestern University freshman Cate Ettinger, who wrote an op-ed in the Daily Northwestern arguing that what she witnessed during her school’s recent recruitment period – “girls … sobbing in Norris University Center after not getting called back to their favorite houses, gossiping about the stereotypes of the chapters, turning on friends who they felt they must compete with, and judging and critiquing their fellow women” – ultimately amounted to hazing.
That’s because school policy defines hazing as “intentionally or unintentionally” producing “mental, physical, or emotional discomfort … for the purpose of initiation into … [an] organization,” she wrote.“The fact that hazing can be unintentional is crucial because the Northwestern Panhellenic Association, the sororities’ governing body, claims it doesn’t allow hazing, in accordance with University policy,” Ettinger wrote in her column.
“But this does not mean hazing doesn’t happen. It clearly does, as evidenced by the mental, physical and emotional discomfort I witnessed.”
“I saw women doubt themselves and be overcome with anxiety; I saw women standing in the snow in heels and dresses, bouncing to stay warm; and I saw the strongest women I know break down and drop out of the process.”
She added weather also played a role: “Standing among women shivering in required formal attire in the snow left no doubt in my mind that we were hazed.”...;
Free the Tampons
Free the Tampons - The New York Times:
Call it the period paradox.
Everyone knows most girls and women menstruate, but even in the age of oversharing, periods are treated like a dirty little secret.
Now a growing number of advocates, entrepreneurs and female lawmakers are challenging the taboo, talking about menstruation publicly (and, yes, in mixed company).
They want periods put squarely on the public agenda, and are demanding that businesses and government take menstruation into consideration when they design facilities, develop budgets, supply schools or create anti-poverty programs.
And they want tampons in every public restroom.
And they want them to be free.
For those who are squeamish about all this, the message is:
Get used to it..."
Call it the period paradox.
Now a growing number of advocates, entrepreneurs and female lawmakers are challenging the taboo, talking about menstruation publicly (and, yes, in mixed company).
They want periods put squarely on the public agenda, and are demanding that businesses and government take menstruation into consideration when they design facilities, develop budgets, supply schools or create anti-poverty programs.
And they want tampons in every public restroom.
And they want them to be free.
For those who are squeamish about all this, the message is:
Get used to it..."
Great question. Why was he the only one to ask?-----For first time in 10 years, Justice Clarence Thomas asks questions during an argument
For first time in 10 years, Justice Clarence Thomas asks questions during an argument - The Washington Post:
"When Thomas spoke, the questioning of Assistant Solicitor General Ilana H. Eisenstein was just winding down, and she was about to take her seat.
“Ms. Eisenstein, just one question,” Thomas said. “Can you give me — this is a misdemeanor violation. It suspends a constitutional right. Can you give me another area where a misdemeanor violation suspends a constitutional right?”
When Eisenstein stumbled in her response, Thomas again pointed out that the case involves a “misdemeanor violation of domestic conduct that results in a lifetime ban on possession of a gun, which, at least as of now, is still a constitutional right.”
Eisenstein responded that Congress justified the ban because of studies showing that people who previously battered their spouses “pose up to a sixfold greater risk of killing, by a gun, their family member.”"
"When Thomas spoke, the questioning of Assistant Solicitor General Ilana H. Eisenstein was just winding down, and she was about to take her seat.“Ms. Eisenstein, just one question,” Thomas said. “Can you give me — this is a misdemeanor violation. It suspends a constitutional right. Can you give me another area where a misdemeanor violation suspends a constitutional right?”
When Eisenstein stumbled in her response, Thomas again pointed out that the case involves a “misdemeanor violation of domestic conduct that results in a lifetime ban on possession of a gun, which, at least as of now, is still a constitutional right.”
Eisenstein responded that Congress justified the ban because of studies showing that people who previously battered their spouses “pose up to a sixfold greater risk of killing, by a gun, their family member.”"
THIS Is How Muslim Mother "Fixes" Rape Of 2-Year-Old Granddaughter By Grandfather ⋆ US Herald
THIS Is How Muslim Mother "Fixes" Rape Of 2-Year-Old Granddaughter By Grandfather ⋆ US Herald:
"Murdering rape victims is common in countries and communities that adhere to Sharia law where the crime is rarely reported for fear of exposing the family to shame.
“Honor killing” is no longer limited to predominantly Muslim countries or the Middle East. According to a study commissioned by the United States Department of Justice, honor killings are on the rise in America as Muslim families immigrate and bring the barbaric practice with them.
The practice is now an even more concerning problem in the United Kingdom where 11,000 reported cases in the past five years are said to be merely the tip of the iceberg."
"Murdering rape victims is common in countries and communities that adhere to Sharia law where the crime is rarely reported for fear of exposing the family to shame.
“Honor killing” is no longer limited to predominantly Muslim countries or the Middle East. According to a study commissioned by the United States Department of Justice, honor killings are on the rise in America as Muslim families immigrate and bring the barbaric practice with them.The practice is now an even more concerning problem in the United Kingdom where 11,000 reported cases in the past five years are said to be merely the tip of the iceberg."
The Global Run On Physical Cash Has Begun: Why It Pays To Panic First
The Global Run On Physical Cash Has Begun: Why It Pays To Panic First | Zero Hedge:
Back in August 2012, when negative interest rates were still merely viewed as sheer monetary lunacy instead of pervasive global monetary reality that has pushed over $6 trillion in global bonds into negative yield territory, the NY Fed mused hypothetically about negative rates and wrote "Be Careful What You Wish For" saying that "if rates go negative, the U.S. Treasury Department’s Bureau of Engraving and Printing will likely be called upon to print a lot more currency as individuals and small businesses substitute cash for at least some of their bank balances."
Well, maybe not... especially if physical currency is gradually phased out in favor of some digital currency "equivalent" as so many "erudite economists" and corporate media have suggested recently, for the simple reason that in a world of negative rates, physical currency - just like physical gold - provides a convenient loophole to the financial repression of keeping one's savings in digital form in a bank where said savings are taxed at -0.1%, or -1% or -10% or more per year by a central bank and government both hoping to force consumers to spend instead of save.
For now cash is still legal, and NIRP - while a reality for the banks - has yet to be fully passed on to depositors.
The bigger problem is that in all countries that have launched NIRP, instead of forcing spending precisely the opposite has happened: as we showed last October, when Bank of America looked at savings patterns in European nations with NIRP, instead of facilitating spending, what has happened is precisely the opposite: "as the BIS have highlighted, ultra-low rates may perversely be driving a greater propensity for consumers to save as retirement income becomes more uncertain."...
Back in August 2012, when negative interest rates were still merely viewed as sheer monetary lunacy instead of pervasive global monetary reality that has pushed over $6 trillion in global bonds into negative yield territory, the NY Fed mused hypothetically about negative rates and wrote "Be Careful What You Wish For" saying that "if rates go negative, the U.S. Treasury Department’s Bureau of Engraving and Printing will likely be called upon to print a lot more currency as individuals and small businesses substitute cash for at least some of their bank balances."
For now cash is still legal, and NIRP - while a reality for the banks - has yet to be fully passed on to depositors.
The bigger problem is that in all countries that have launched NIRP, instead of forcing spending precisely the opposite has happened: as we showed last October, when Bank of America looked at savings patterns in European nations with NIRP, instead of facilitating spending, what has happened is precisely the opposite: "as the BIS have highlighted, ultra-low rates may perversely be driving a greater propensity for consumers to save as retirement income becomes more uncertain."...
History for March 2
History for March 2 - On-This-Day.com
Sam Houston 1793 - First President of the Republic of Texas, Dr. Suess (Theodor Seuss Geisel) 1904 - Writer, poet, and cartoonist, Tom Wolfe 1931 - Author
Mikhail Gorbachev 1931 - Former Soviet President, Karen Carpenter 1950 - Singer (The Carpenters), Daniel Craig 1968 - Actor
1807 - The U.S. Congress passed an act to "prohibit the importation of slaves into any port or place within the jurisdiction of the United States... from any foreign kingdom, place, or country."
1836 - Texas declared its independence from Mexico and an ad interim government was formed.
1877 - In the U.S., Rutherford B. Hayes was declared the winner of the 1876 presidential election by the U.S. Congress. Samuel J. Tilden, however, had won the popular vote on November 7, 1876.
1917 - The Russian Revolution began with Czar Nicholas II abdicating.
1925 - State and federal highway officials developed a nationwide route-numbering system and adopted the familiar U.S. shield-shaped, numbered marker.
1949 - The B-50 Superfortress Lucky Lady II landed in Fort Worth, TX. The American plane had completed the first non-stop around-the-world flight.
1998 - The U.N. Security Council endorsed U.N. chief Kofi Annan's deal to open Iraq's presidential palaces to arms inspectors.
2004 - NASA announced that the Mars rover Opportunity had discovered evidence that water had existed on Mars in the past.
Sam Houston 1793 - First President of the Republic of Texas, Dr. Suess (Theodor Seuss Geisel) 1904 - Writer, poet, and cartoonist, Tom Wolfe 1931 - Author
Mikhail Gorbachev 1931 - Former Soviet President, Karen Carpenter 1950 - Singer (The Carpenters), Daniel Craig 1968 - Actor
1807 - The U.S. Congress passed an act to "prohibit the importation of slaves into any port or place within the jurisdiction of the United States... from any foreign kingdom, place, or country."
1836 - Texas declared its independence from Mexico and an ad interim government was formed.
1877 - In the U.S., Rutherford B. Hayes was declared the winner of the 1876 presidential election by the U.S. Congress. Samuel J. Tilden, however, had won the popular vote on November 7, 1876.
1917 - The Russian Revolution began with Czar Nicholas II abdicating.
1925 - State and federal highway officials developed a nationwide route-numbering system and adopted the familiar U.S. shield-shaped, numbered marker.
1949 - The B-50 Superfortress Lucky Lady II landed in Fort Worth, TX. The American plane had completed the first non-stop around-the-world flight.
1998 - The U.N. Security Council endorsed U.N. chief Kofi Annan's deal to open Iraq's presidential palaces to arms inspectors.
2004 - NASA announced that the Mars rover Opportunity had discovered evidence that water had existed on Mars in the past.
Tuesday, March 01, 2016
"Capitalism v. Socialism for Dummies"... This Is Brilliant
"Capitalism v. Socialism for Dummies"... This Is Brilliant:
"The simplest explanations are often the most correct, as is with this simple explanation for socialism.
With the campaigns of Donald Trump and Bernie Sanders for president, the backgrounds of the two men clashing have inspired a conversation about the economic identity of the United States."
"The simplest explanations are often the most correct, as is with this simple explanation for socialism.
With the campaigns of Donald Trump and Bernie Sanders for president, the backgrounds of the two men clashing have inspired a conversation about the economic identity of the United States."
Black congresswoman says Supreme Court needs a ‘black’ voice, Justice Clarence Thomas doesn’t count
Black congresswoman says Supreme Court needs a ‘black’ voice, Justice Clarence Thomas doesn’t count – Joe Walsh:
People want to have a “an African-American voice” on the Supreme Court, Karen Bass, a black congresswoman from California, asserted — despite Justice Clarence Thomas’ position on the court.
“I think many people would like to see an African American on the Supreme Court,” Bass said during an interview on Al Sharpton’s MSNBC show.
“We don’t really need to go into Clarence Thomas’ background or his behavior on the Court, but I think to have an African-American voice that has definitely not been there since Thurgood Marshall would really be an incredible contribution to our country.”
The Washington Free Beacon reported:
Bass went on to say Senate Republicans, who have said they won’t act on a nomination by President Obama in this election year, should do their job.
Sharpton was embarrassed enough by Bass’ comment that he reminded his audience at the end of their interview that he and Bass weren’t suggesting Thomas wasn’t actually a true African American.
“I might note neither you or I is suggesting Clarence Thomas is not African American,” Sharpton said.
“We just may [disagree] with how he has used his–”
“It’s an African American voice,” Bass said.
“That’s right, I just wanted to clarify that,” Sharpton said.
Thomas has been vilified by many on the left since he joined the Supreme Court in 1991 after a particularly contentious nomination fight, with some even throwing the racial slur “Uncle Tom” at him for being conservative.
Watch Bass’s interview on MSNBC at the Washington Free Beacon here.
- See more at: http://walshfreedom.com/black-congresswoman-says-supreme-court-needs-a-black-voice-justice-clarence-thomas-doesnt-count/#sthash.hFySB8TC.dpuf
People want to have a “an African-American voice” on the Supreme Court, Karen Bass, a black congresswoman from California, asserted — despite Justice Clarence Thomas’ position on the court.
“I think many people would like to see an African American on the Supreme Court,” Bass said during an interview on Al Sharpton’s MSNBC show.
“We don’t really need to go into Clarence Thomas’ background or his behavior on the Court, but I think to have an African-American voice that has definitely not been there since Thurgood Marshall would really be an incredible contribution to our country.”
The Washington Free Beacon reported:
Bass went on to say Senate Republicans, who have said they won’t act on a nomination by President Obama in this election year, should do their job.
“I might note neither you or I is suggesting Clarence Thomas is not African American,” Sharpton said.
“We just may [disagree] with how he has used his–”
“It’s an African American voice,” Bass said.
“That’s right, I just wanted to clarify that,” Sharpton said.
Thomas has been vilified by many on the left since he joined the Supreme Court in 1991 after a particularly contentious nomination fight, with some even throwing the racial slur “Uncle Tom” at him for being conservative.
Watch Bass’s interview on MSNBC at the Washington Free Beacon here.
- See more at: http://walshfreedom.com/black-congresswoman-says-supreme-court-needs-a-black-voice-justice-clarence-thomas-doesnt-count/#sthash.hFySB8TC.dpuf
The 10 most troubling quotes from Gov. Rick Snyder's office e-mail dump
The 10 most troubling quotes from Gov. Rick Snyder's office e-mail dump
"March 3, 2015 e-mail from Dennis Muchmore, the governor's chief of staff
"I have become increasingly concerned about the situation in Flint and the lack of empathy for the residents.
I'm not sure that buying water from Ice Mountain or Bill Young makes sense and I don't know about (redacted) since they buy it from Bill or local sources and repackage.
But, it would seem to me that buying some and giving it to residents who are having discoloration or smell issues would be fair and prudent until it gets ironed out.
Maybe this doesn't make sense to you and if not just chalk it up to the delirium I'm feeling fro the sun and drop the idea....
I worry that swooping in may reinforce the idea that there is something wrong with the water after all.
But, it seems to me that that would be small issue compared to blowing off these ministers and their concerns.
Of course, we can't supply the water forever so maybe working with Wayne (Workman in Treasury) something can be figured out."
"March 3, 2015 e-mail from Dennis Muchmore, the governor's chief of staff
"I have become increasingly concerned about the situation in Flint and the lack of empathy for the residents.
I'm not sure that buying water from Ice Mountain or Bill Young makes sense and I don't know about (redacted) since they buy it from Bill or local sources and repackage.
Maybe this doesn't make sense to you and if not just chalk it up to the delirium I'm feeling fro the sun and drop the idea....
I worry that swooping in may reinforce the idea that there is something wrong with the water after all.
But, it seems to me that that would be small issue compared to blowing off these ministers and their concerns.
Of course, we can't supply the water forever so maybe working with Wayne (Workman in Treasury) something can be figured out."
Justice Clarence Thomas Stuns Courtroom by Asking First Question in 10 Years — Here’s What He Asked | TheBlaze.com
Justice Clarence Thomas Stuns Courtroom by Asking First Question in 10 Years — Here’s What He Asked | TheBlaze.com:"The moment was so rare that one reporter inside the courtroom tweeted that someone next to him muttered a profane two-word response under her breath.
The case being argued had to do with gun ownership and domestic violence cases, and whether convicts involved in such cases should be banned from owning firearms, CNN reported."
'Cajun John Wayne' resigns from sheriff's office
'Cajun John Wayne' resigns from sheriff's office:
Clay Higgins has resigned from the St. Landry Parish Sheriff's Office.
The man called the "Cajun John Wayne" made the announcement Monday on the steps of the St. Landry Parish Courthouse.
His announcement comes on the heels of some controversy surrounding the most recent video Higgins made about fugitives.
At the request of State Police, Higgins put together a video about seven suspects who have been on the run since last fall, accused members of the Gremlins Gang and under indictment on conspiracy charges.
In the video, Higgins, referred to the suspects as "animals," "thugs" and "heathens," words that have sparked debate and a response from the American Civil Liberties Union.
The union's response included a statement that said it’s “inappropriate and incorrect” for Higgins to apply a religious term to people when he has no specific information about their religious beliefs.
"I've met with the sheriff, and he has accepted my resignation," Higgins said Monday.
"I was not forced to resign. I've turned my badge in a matter of conscience."
Higgins said his religious faith has propelled him to be the person he is today..."
Clay Higgins has resigned from the St. Landry Parish Sheriff's Office.
The man called the "Cajun John Wayne" made the announcement Monday on the steps of the St. Landry Parish Courthouse.
His announcement comes on the heels of some controversy surrounding the most recent video Higgins made about fugitives.
At the request of State Police, Higgins put together a video about seven suspects who have been on the run since last fall, accused members of the Gremlins Gang and under indictment on conspiracy charges.
In the video, Higgins, referred to the suspects as "animals," "thugs" and "heathens," words that have sparked debate and a response from the American Civil Liberties Union.
The union's response included a statement that said it’s “inappropriate and incorrect” for Higgins to apply a religious term to people when he has no specific information about their religious beliefs.
"I've met with the sheriff, and he has accepted my resignation," Higgins said Monday.
"I was not forced to resign. I've turned my badge in a matter of conscience."
Higgins said his religious faith has propelled him to be the person he is today..."
WW3: Fighters From Turkey Are Pouring Into Syria And Attacking Targets Despite The Ceasefire
WW3: Fighters From Turkey Are Pouring Into Syria And Attacking Targets Despite The Ceasefire
The ceasefire in Syria is a joke. Turkish military units continue to mass along the border, and militants are pouring across the border to attack targets in northern Syria. The Prime Minister of Turkey is now openly admitting that his government is supporting the militants that are trying to overthrow the Syrian government, and the Turkish government has also made it abundantly clear that they have no plans to stop shelling the Kurds on the other side of the border. So despite the “ceasefire”, the truth is that the threat of World War 3 breaking out in the Middle East is greater than ever.
The ceasefire in Syria is a joke. Turkish military units continue to mass along the border, and militants are pouring across the border to attack targets in northern Syria. The Prime Minister of Turkey is now openly admitting that his government is supporting the militants that are trying to overthrow the Syrian government, and the Turkish government has also made it abundantly clear that they have no plans to stop shelling the Kurds on the other side of the border. So despite the “ceasefire”, the truth is that the threat of World War 3 breaking out in the Middle East is greater than ever.
At times it is difficult to see the dividing line between the Turkish military and the radical jihadists that are hopping back and forth across the border with the full support of the Turkish government. Over the weekend, militants from Turkey that crossed over into northern Syria were supported by artillery fire from the Turkish military as they attacked a key Kurdish town…
In the Raqqa province, a group of some 100 fighters crossed into Syria from Turkey. The group later joined forces with other militants and attacked the Kurdish town of Tell Abyad.The 250-strong group was supported by artillery fire from the Turkish territory, a fact that Russia said the US should explain. The Kurdish YPG militia fended off the attack, the report said.
This is an act of war, and yet the Obama administration does not seem to mind.
If Turkey will not even honor the ceasefire, what hope is there that anything will be able to stop them from acting so aggressively?
At this point, the Turks are not even pretending anymore. Just the other day, Turkey’s Prime Minister Ahmet Davutoglu openly admitted that his nation is backing the militants that are trying to overthrow the Assad regime…
Lunch video-----Me, Bill & OJ | PJ Media
Me, Bill & OJ | PJ Media:
Was O.J. Simpson guilty?
Let's put it this way.
The video features two killer pundits and a killer.
See if you can tell which is which.
Was O.J. Simpson guilty?
Let's put it this way.
The video features two killer pundits and a killer.
See if you can tell which is which.
Kohl's Makes Major Announcement About Future... This Is Obama's America
Kohl's Makes Major Announcement About Future... This Is Obama's America:
"Though President Barack Obama and his liberal allies in the media would have us believe that the U.S. economy is strong and doing well, most Americans have realized that it is in fact rather weak and vulnerable.
More proof of that sad but realistic assessment was released on Thursday, when the Kohl’s department store chain announced that it will soon be closing 18 retail locations, according to Yahoo! Finance.
The announced closings coincide with a Kohl’s report that profits dropped 20 percent in the fourth quarter of the last fiscal year, along with its expectation that sales will remain flat this year."
"Though President Barack Obama and his liberal allies in the media would have us believe that the U.S. economy is strong and doing well, most Americans have realized that it is in fact rather weak and vulnerable.More proof of that sad but realistic assessment was released on Thursday, when the Kohl’s department store chain announced that it will soon be closing 18 retail locations, according to Yahoo! Finance.
The announced closings coincide with a Kohl’s report that profits dropped 20 percent in the fourth quarter of the last fiscal year, along with its expectation that sales will remain flat this year."
Indiana University student: Laughing at me on a bike is a microaggression
Indiana University student: Laughing at me on a bike is a microaggression - The College Fix:
The threshold for showing racial animus against college students continues to plunge, with the Indiana Daily Student at Indiana University-Bloomington reporting on the troubles faced by its black students.
What can cure these hard-to-pin-down slights of a possible racial nature? More money!
The threshold for showing racial animus against college students continues to plunge, with the Indiana Daily Student at Indiana University-Bloomington reporting on the troubles faced by its black students.
Among them: getting laughed at while riding a bike.
The story starts with a real racial grievance: Dorian Davis claimed that he was a victim of a drive-by drink thrower and N-word yeller, by all accounts a rare incident in the university town, yet one that the police department took seriously.
Then he and black student activist Luqmann Ruth go digging for other slights:
Ruth said he was laughed at by students on the lawn of a fraternity while he rode past them on his bike. Ruth also said students turned their backs on him when he walked into a party full of primarily white students. Davis said four of his friends were called monkeys and told to go back to the zoo while walking home from Dunnkirk.It can’t be proven these things were racially motivated, Davis said. But he said it often feels like a deliberate effort to make black students feel out of place.Other instances of racially-motivated hate crime are difficult for officers to pursue, [Indiana University Police Department Capt. Andy] Stephenson said, such as derogatory graffiti or crimes where the suspect doesn’t explicitly use hateful language.
Ruth said he thinks creating a closer black community on campus would be a good first step toward a more positive experience for black students. Increased verbal and financial support for the Neal-Marshall Black Culture Center, the Black Student Union and movements like the Black IUnity March would show a vested interest in the college experience of minority students, Ruth said.
Cash is the currency of freedom
Glenn Reynolds: Cash is the currency of freedom:
As Fed inflates away dollar's value, government gains more control to manipulate taxpayers and savers.
Former Treasury secretary Larry Summers wants to get rid of the $100 bill.
But I think he has it exactly backward.
I think we need to restore the $500 and $1000 bills.
And the reason is that people like Larry Summers have done a horrible job.
Summers wrote recently in The Washington Post that the $100 bill needs to go.
The reason, he says, is that it’s a favorite of criminals, along with the 500 euro note, which is likely to be discontinued.
The New York Times editorialized in agreement, writing:
“Getting rid of big bills will make it harder for criminals to do business and make it easier for law enforcement to detect illicit activity. ... There is no need for large-denomination currency.
Britain’s top bill is the 50-pound note ($72), which has been perfectly sufficient.
The United States stopped distributing $500, $1,000, $5,000 and $10,000 bills in 1969.
There are now so many ways to pay for things, and eliminating big bills should create few problems.”
Reading this got me to thinking:
What is a $100 bill worth now, compared to 1969?
According to the U.S. Inflation Calculator online, a $100 bill today has the equivalent purchasing power of $15.49 in 1969 dollars.
Likewise, in 1969, a $100 bill had the equivalent purchasing power of $645.55 in today’s dollars.
So even if we brought back the discontinued $500 bill, it wouldn’t have the purchasing power today that a $100 bill had in 1969, when larger denominations were discontinued.
And carrying around a $100 bill today is basically like carrying around a $20 in 1969.
And although inflation isn’t running very high at the moment, this trend will only continue.
If the next few decades are like the last few, paper money in current denominations will become basically useless.
Of course, as CATO Institute analyst Daniel J. Mitchell writes, to our ruling class this isn’t a bug, but a feature.
Governments want to get rid of cash for two reasons.
First, it gives them more control over citizens:
They justify it in the name of fighting terrorists and organized crime, but what they really care about is making sure that nobody escapes their scrutiny, for purposes of taxes, regulation and political finagling.
Second, if you’re stuck putting your money in a bank, they can force you to spend it (and thus “stimulate” the economy) by subjecting you to negative interest rates, in which money that just sits in the bank shrinks away, providing an incentive to spend.
The Federal Reserve and various other financial regulatory bodies were sold politically in no small part as protections against inflation.
But inflation has run rampant.
According to the inflation calculator, today’s $100 bill is worth only as much as $4.18 in 1913, the year the Federal Reserve was established.
When you realize that inflation helps debtors and that governments are the world’s biggest debtors, this makes a certain amount of sense — for them.
But at a time when, almost no matter where you look in the world, the parts of it controlled by the experts and technocrats (like Larry Summers) seem to be doing badly, it seems reasonable to ask: Why give them still more control over the economy?
What reason is there to think that they’ll use that control fairly, or even competently?
Their track record isn’t very impressive.
Cash has a lot of virtues.
One of them is that it allows people to engage in voluntary transactions without the knowledge or permission of anyone else.
Governments call this suspicious, but the rest of us call it something else: Freedom.
As Fed inflates away dollar's value, government gains more control to manipulate taxpayers and savers.
Former Treasury secretary Larry Summers wants to get rid of the $100 bill.
But I think he has it exactly backward.
I think we need to restore the $500 and $1000 bills.
And the reason is that people like Larry Summers have done a horrible job.
Summers wrote recently in The Washington Post that the $100 bill needs to go.
The reason, he says, is that it’s a favorite of criminals, along with the 500 euro note, which is likely to be discontinued.
The New York Times editorialized in agreement, writing:
“Getting rid of big bills will make it harder for criminals to do business and make it easier for law enforcement to detect illicit activity. ... There is no need for large-denomination currency.
Britain’s top bill is the 50-pound note ($72), which has been perfectly sufficient.
The United States stopped distributing $500, $1,000, $5,000 and $10,000 bills in 1969.
There are now so many ways to pay for things, and eliminating big bills should create few problems.”
Reading this got me to thinking:
What is a $100 bill worth now, compared to 1969?
According to the U.S. Inflation Calculator online, a $100 bill today has the equivalent purchasing power of $15.49 in 1969 dollars.
Likewise, in 1969, a $100 bill had the equivalent purchasing power of $645.55 in today’s dollars.
So even if we brought back the discontinued $500 bill, it wouldn’t have the purchasing power today that a $100 bill had in 1969, when larger denominations were discontinued.
And carrying around a $100 bill today is basically like carrying around a $20 in 1969.
And although inflation isn’t running very high at the moment, this trend will only continue.
If the next few decades are like the last few, paper money in current denominations will become basically useless.
Of course, as CATO Institute analyst Daniel J. Mitchell writes, to our ruling class this isn’t a bug, but a feature.Governments want to get rid of cash for two reasons.
First, it gives them more control over citizens:
They justify it in the name of fighting terrorists and organized crime, but what they really care about is making sure that nobody escapes their scrutiny, for purposes of taxes, regulation and political finagling.
Second, if you’re stuck putting your money in a bank, they can force you to spend it (and thus “stimulate” the economy) by subjecting you to negative interest rates, in which money that just sits in the bank shrinks away, providing an incentive to spend.
The Federal Reserve and various other financial regulatory bodies were sold politically in no small part as protections against inflation.
But inflation has run rampant.
According to the inflation calculator, today’s $100 bill is worth only as much as $4.18 in 1913, the year the Federal Reserve was established.
When you realize that inflation helps debtors and that governments are the world’s biggest debtors, this makes a certain amount of sense — for them.
But at a time when, almost no matter where you look in the world, the parts of it controlled by the experts and technocrats (like Larry Summers) seem to be doing badly, it seems reasonable to ask: Why give them still more control over the economy?
What reason is there to think that they’ll use that control fairly, or even competently?
Their track record isn’t very impressive.
Cash has a lot of virtues.
One of them is that it allows people to engage in voluntary transactions without the knowledge or permission of anyone else.
Governments call this suspicious, but the rest of us call it something else: Freedom.
Government Grossly Overstates the Benefits to U.S. Citizens of Actions to Fight Climate Change
Government Grossly Overstates the Benefits to U.S. Citizens of Actions to Fight Climate Change | Somewhat Reasonable:
"A distinguished group of scholars from a diverse group of organizations has produced a new report stating when considering domestic action to reduce the impacts of climate change, U.S. agencies should limit their estimates to the domestic benefits, not benefits to the world.
The Obama administration does just the opposite, using global estimates of “social cost of carbon” (SCC) and the social value of reduced climate damages from regulations that reduce greenhouse gas (GHG) emissions.
The scholars point out,
Use of a global SCC as the sole summary measure of the value of reducing GHG emissions through federal rulemaking lacks transparency and leaves such actions at odds with the expressed intent of authorizing statutes passed by Congress and long-standing federal regulatory policy.
[F]ederal agencies – operating under laws directing them to protect national interests – are now issuing regulations with significant costs to U.S. residents and citizens based on a finding that benefits, including substantial benefits to foreigners, “justify” those costs.
The difference between global and domestic benefits is huge, with global SCC four to 14 times greater than estimated domestic SCC.
By using the global SCC, federal agencies are hiding the fact climate regulations impose substantial costs on Americans to produce benefits for residents of foreign countries."
"A distinguished group of scholars from a diverse group of organizations has produced a new report stating when considering domestic action to reduce the impacts of climate change, U.S. agencies should limit their estimates to the domestic benefits, not benefits to the world.
The Obama administration does just the opposite, using global estimates of “social cost of carbon” (SCC) and the social value of reduced climate damages from regulations that reduce greenhouse gas (GHG) emissions.
The scholars point out,Use of a global SCC as the sole summary measure of the value of reducing GHG emissions through federal rulemaking lacks transparency and leaves such actions at odds with the expressed intent of authorizing statutes passed by Congress and long-standing federal regulatory policy.
[F]ederal agencies – operating under laws directing them to protect national interests – are now issuing regulations with significant costs to U.S. residents and citizens based on a finding that benefits, including substantial benefits to foreigners, “justify” those costs.
The difference between global and domestic benefits is huge, with global SCC four to 14 times greater than estimated domestic SCC.
By using the global SCC, federal agencies are hiding the fact climate regulations impose substantial costs on Americans to produce benefits for residents of foreign countries."
Trey Gowdy DESTROYS Obama In Best Way Possible | The Federalist Papers
Trey Gowdy DESTROYS Obama In Best Way Possible | The Federalist Papers:
“Particularly where we’re dealing with a jurisdiction that is not prone to honoring ICE detainers…our policy is going to be that ICE will instead have the first detainer and that individual will go into ICE custody and deportation,” Lynch told the House Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies.
“We have in the past deferred because…we work with our state and local colleagues and we want to make sure that they can in fact adjudicate their cases as well,” Lynch added.
Republicans on the committee were pleased with the new policy. Rep. John Culberson (R-Texas) is chairman of the Appropriations Subcommittee and said he’s glad the administration and Republicans are “headed in the same direction.”
“Particularly where we’re dealing with a jurisdiction that is not prone to honoring ICE detainers…our policy is going to be that ICE will instead have the first detainer and that individual will go into ICE custody and deportation,” Lynch told the House Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies.
“We have in the past deferred because…we work with our state and local colleagues and we want to make sure that they can in fact adjudicate their cases as well,” Lynch added.
Republicans on the committee were pleased with the new policy. Rep. John Culberson (R-Texas) is chairman of the Appropriations Subcommittee and said he’s glad the administration and Republicans are “headed in the same direction.”
Nitwits of the Round Table
Nitwits of the Round Table :: SteynOnline:
"...I've spent the last fortnight in a country where on illegal immigration everyone electorally viable is a hard-ass.
That's to say, there's a bipartisan consensus that anyone attempting to enter the country without authorization should be warehoused in a detention camp – not in Australia but offshore, either on Nauru, a pile of guano that fancies itself a nation-state, or on Manos Island, which belongs to Papua New Guinea.
It's the equivalent of Trump imprisoning Mexicans in a camp in the Dominican Republic.
After years in detention, the migrants are generally either returned whence they came or resettled in a third country.
Whatever squeamishness the Aussie Labor Party might feel about this is subject to the compelling political arithmetic that the voters are overwhelmingly at ease with it.
In America, by contrast, there is a cozy bipartisan consensus between the Democrat Party and the Donor Party that untrammeled mass unskilled immigration now and forever is a good thing.
The Dems get voters, the Donors get cheap labor.
The Dems have the better deal, but over on the GOP side the Stupid Party is too stupid to realize that suicide in slow motion leads to the same place as one swift sure slice from Isis.
So it was obvious that the moment someone proposed to rupture this corrupt and squalid arrangement that there would be takers for it – particularly among America's downwardly mobile lower middle class who, as a price for supporting the Donor Party, are supposed to put up with stagnant wages and diminished economic opportunity as a permanent feature of life..."
"...I've spent the last fortnight in a country where on illegal immigration everyone electorally viable is a hard-ass.
That's to say, there's a bipartisan consensus that anyone attempting to enter the country without authorization should be warehoused in a detention camp – not in Australia but offshore, either on Nauru, a pile of guano that fancies itself a nation-state, or on Manos Island, which belongs to Papua New Guinea.
It's the equivalent of Trump imprisoning Mexicans in a camp in the Dominican Republic.
After years in detention, the migrants are generally either returned whence they came or resettled in a third country.Whatever squeamishness the Aussie Labor Party might feel about this is subject to the compelling political arithmetic that the voters are overwhelmingly at ease with it.
In America, by contrast, there is a cozy bipartisan consensus between the Democrat Party and the Donor Party that untrammeled mass unskilled immigration now and forever is a good thing.
The Dems get voters, the Donors get cheap labor.
The Dems have the better deal, but over on the GOP side the Stupid Party is too stupid to realize that suicide in slow motion leads to the same place as one swift sure slice from Isis.
So it was obvious that the moment someone proposed to rupture this corrupt and squalid arrangement that there would be takers for it – particularly among America's downwardly mobile lower middle class who, as a price for supporting the Donor Party, are supposed to put up with stagnant wages and diminished economic opportunity as a permanent feature of life..."
History for March 1
History for March 1 - On-This-Day.com:
Glenn Miller 1904 - Bandleader, David Niven 1910 - Actor ("The Guns of the Navarone"), William Gaines 1922 - Publisher ("MAD Magazine")
Deke (Donald) Slayton 1924 - Astronaut, Ron Howard 1954 - Producer, actor ("The Andy Griffith Show", "Happy Days"), Timothy Daly 1956 - Actor ("Diner", "Wings", "The Fugitive")
1692 - In Salem Village, in the Massachusetts Bay Colony, the Salem witch trials began. Four women were the first to be charged.
1784 - In Great Britain, E. Kidner opened the first cooking school.
1872 - The U.S. Congress authorized the creation of Yellowstone National Park. It was the world's first national park.
1873 - E. Remington and Sons of Ilion, NY, began the manufacturing the first practical typewriter.
1912 - Captain Albert Berry made the first parachute jump from a moving airplane.
1932 - The 22-month-old son of Charles and Anne Lindbergh was kidnapped. The child was found dead in May.
1941 - FM Radio began in Nashville, TN, when station W47NV began operations.
1954 - Five U.S. congressmen were wounded when four Puerto Rican nationalists opened fire from the gallery of the U.S. House of Representatives.
Glenn Miller 1904 - Bandleader, David Niven 1910 - Actor ("The Guns of the Navarone"), William Gaines 1922 - Publisher ("MAD Magazine")
Deke (Donald) Slayton 1924 - Astronaut, Ron Howard 1954 - Producer, actor ("The Andy Griffith Show", "Happy Days"), Timothy Daly 1956 - Actor ("Diner", "Wings", "The Fugitive")
1692 - In Salem Village, in the Massachusetts Bay Colony, the Salem witch trials began. Four women were the first to be charged.
1784 - In Great Britain, E. Kidner opened the first cooking school.
1872 - The U.S. Congress authorized the creation of Yellowstone National Park. It was the world's first national park.
1873 - E. Remington and Sons of Ilion, NY, began the manufacturing the first practical typewriter.
1912 - Captain Albert Berry made the first parachute jump from a moving airplane.
1932 - The 22-month-old son of Charles and Anne Lindbergh was kidnapped. The child was found dead in May.
1941 - FM Radio began in Nashville, TN, when station W47NV began operations.
1954 - Five U.S. congressmen were wounded when four Puerto Rican nationalists opened fire from the gallery of the U.S. House of Representatives.
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