Monthly Archives: July 2013

2005 Study rated Detroit America’s #1 most liberal city

americancityandcounty.com/content/study-ranks-americas-most-liberal-and-conservative-cities

Of course, now that it’s failed, the main stream propagandists are calling it a libertarian city:

youngcons.com/msnbc-political-analyst-detroit-is-what-happens-when-government-is-too-small/

www.mediaite.com/tv/ari-melber-federal-financial-aid-needed-for-detroit-americas-most-libertarian-city/

Israel Admits Harvesting Organs From Dead Bodies Without Permission

From 2009: open quoteIsrael has expressed outrage about a Swedish newspaper article that called for an investigation into claims that Israeli soldiers may have harvested organs from dead Palestinians.

“The article was a shocking piece of blatant racism,” Israeli Foreign Ministry spokesman Yigal Palmor told CNN on Wednesday.

“This kind of medieval blood libel cannot be tolerated in any society and the Swedish public and government have to condemn and reject this appalling [incitation] before it actually encourages someone to commit hate crimes.”close quote (Read more)

How the FBI Uses Rapists and Child Molesters to Entrap Gullible People in Terror Stings

open quoteThe FBI’s search for would-be terrorists is so all-consuming that agents are willing to partner with the most heinous of criminals if they appear able to deliver targets. That’s what happened in Seattle, Washington, in the summer of 2011, when agents chose to put on the government payroll a convicted rapist and child molester.

The investigation began on June 3, 2011, when a man contacted the Seattle Police Department and told them that he had a friend named Abu Khalid Abdul-Latif who was interested in attacking Joint Base Lewis-McChord in Tacoma, Washington. The tipster told police that Abdul-Latif had already recruited an associate, a man named Walli Mujahidh. Seattle police referred the caller to the FBI, whose agents quickly enlisted him as an informant and launched a full investigation of Abdul-Latif and Mujahidh.

Based on these initial actions, it was clear that the FBI believed it was dealing with two dangerous potential terrorists. But in reality, what it had were two financially troubled men with histories of mental problemsclose quote

I am so sick of hearing my friends praise Elizabeth Warren

Every once in a while, I peek over the parapet of my smart, sentient, reasoning friends to see what the rest of the world is talking about. Usually, I get hit in the eyes and ears with bewildering, invincible stupidity.

In the words of Murray Rothbard: “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”

1) “The Boom Bust period of 1797 to 1933.” It’s very important to understand that booms and busts are caused by artificial increases in the monetary supply (Austrian Business Cycle Theory). She doesn’t seem to have a grasp on this. mises.org/daily/672 Business cycles are not caused by a lack of regulation.

2) Why 1797 to 1933? These are very strange years to demarcate. 1914 is a much more obvious boundary because it symbolizes the creation of the Federal Reserve. Of course, using this as a boundary would implicate the government’s role in the crashes of 1921 and 1929. She is cherry picking by choosing 1933. www.amazon.com/Americas-Great-Depression-Murray-Rothbard/dp/146793481X

3) Pre-1914 booms and busts. If you don’t criminalize fractional reserve banking, then bank-runs should be regarded as a GOOD thing. Bad banks went bankrupt. Good ones remained. Customers were careful. Responsible people succeeded. Irresponsible people found other work. The 1914 creation of the Federal Reserve was a government take-over of the money-printing process.

4) If you want to get rid of booms and busts, you must firstly understand understand ABCT, and secondly you must get rid of fractional reserve banking which is inherently fraudulent. We don’t even need more laws to accomplish this. They just need to stop putting people in jail who trade in silver or gold (www.nytimes.com/2012/10/25/us/liberty-dollar-creator-awaits-his-fate-behind-bars.html) and the market will, all by itself, move from fractional reserve money to sound money.

4) FDIC insurance. Banks used to advertise their liquidity to customers because it matters. Now that everyone is insured by the US taxpayers, it no longer makes any difference where you bank. Since the government has put all the RISK on the taxpayers, let’s not be surprised that the bankers act more recklessly.

5) “We had to bail them out” WHY?????? Why isn’t letting irresponsible banks go bankrupt ever on the table? I had an internet business that didn’t do so well. Why didn’t I get bailed out?

6) The S&L crisis was caused by deregulation. No it wasn’t. It was caused by government removing risk from the banks and them (very predictably) acting irresponsibly. Instead of letting them go bankrupt, the taxpayer was forced to bail them out further promoting risky behaviour.

7) The crisis with the hedge fund Longterm Capital Management was caused by deregulation. No it wasn’t. It was caused by government removing resk from the banks and them (very predictably) acting irresponsibly. Instead of letting them go bankrupt, the taxpayer for forced to bail them out further promoting risky behaviour.

8) There is even more centralization in the banking industry since 2008-2013. If you stop fucking bailing out the Big 4, then smaller, more responsible banks would have taken over their assets long ago.

9) Regulation works. No it doesn’t. The Bernie Madoff Ponzi scheme was handed to the SEC on a silver platter by a PRIVATE investor looking out for his investment. They SEC ignored it while the Ponzi scheme grew from 4 billion to 50 billion. Bernie Madoff bragged about his close relationship with the SEC. The only regulation that works is letting irresponsible people go bankrupt.