Author Archives: admin
Nearly $6 billion will be spent on elections this cycle
This is the natural consequence of government controlling nearly everything.
“Although a lot of money still remains to be raised and spent, the data already show that we’re on track to break the extraordinary, record-setting sums spent in 2008,” said CFRP Executive Director Sheila Krumholz. “That cycle was the first in which we crossed the $5 billion mark, and the big question now is whether we will already reach—or surpass—$6 billion just one cycle later. At a minimum, we’ll come close.”
Fed Official Calls for Bond Buying
online.wsj.com/article/SB10000872396390443517104577573324135430222.html?mod=WSJ_hps_LEFTTopStories
Patrick Barron: Eric Rosengren, President of the Federal Reserve Bank of Boston, calls for an “open-ended program” of bond buying that will entail even “more substantive action than we’ve taken to date,”. Ominously he states that the bond buying program would continue “until we start seeing some pretty significant improvements in growth and income.”
The Fed engaged in Quantitative Easing One in 2009 and 2010 to the tune of $1.25 trillion. That didn’t do the trick, so it engaged in QE2 in 2011 for another $600 billion. So, we have had $1.825 trillion dollars of monetary stimulus so far and Mr. Rosengren, obviously a disciple of Paul Krugman, thinks that the Fed just hasn’t done enough.
If Mr. Rosengren has his way–and he simply may be sounding out public reaction for a policy already endorsed by the Federal Open Market Committee–the Fed will print money until the purchasing power of the dollar is destroyed.
U.S. Drones
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Chick-Fil-A Anti-Gay Hysteria
US Boycotted 1980 Olympics b/c Soviets Occupied Afghanistan
How some big companies are solving their exposure to the euro
Patrick Barron:
From today’s Open Europe news summary:
The Times reports that the continuing eurozone crisis has compelled Royal Dutch Shell to withdraw some of its substantial cash reserves from European banks, intensifying fears of capital flight from the eurozone. Separately, the FT reports that in addition to reducing their net exposure to troubled eurozone countries, US banks have been working “behind the scenes” to ensure that if a country leaves the eurozone, they will not have to receive payments in its new devalued currency.
Times FT
This may be how the euro ends…large depositors and foreign banks pull their deposits, creating a liquidity crisis that the ECB tries to paper over with even more funny money…which merely causes even more depositors to pull their deposits until the euro loses its value completely. This is called an old-fashioned bank run, which exposes the fraud of fractional reserve banking.
How Green Peace devastated the Pribilof Islands
New Jersey’s Insane Seatbelt Law For Your Dog!
Bilderberg paniced by Ron Paul
I’m not sure who this guy is, but I like his report of Ron Paul sending globalists and would-be tyrants into a panic.
Labour wanted mass immigration to make UK more multicultural, says former adviser
The huge increases in migrants over the last decade were partly due to a politically motivated attempt by ministers to radically change the country and “rub the Right’s nose in diversity”, according to Andrew Neather, a former adviser to Tony Blair, Jack Straw and David Blunkett.
He said Labour’s relaxation of controls was a deliberate plan to “open up the UK to mass migration” but that ministers were nervous and reluctant to discuss such a move publicly for fear it would alienate its “core working class vote”.
As a result, the public argument for immigration concentrated instead on the economic benefits and need for more migrants.
Critics said the revelations showed a “conspiracy” within Government to impose mass immigration for “cynical” political reasons. (Read more)
Kidnapping victim found tied up in NYPD detective’s garage, sources say
There are the people who have a monopoly on the providing of security.
Police tracked the victim to the house in St. Albans off the victim’s cell phone pings.
When police arrived Friday night, they found the victim tied up in the garage.
Johnson denied any involvement with the kidnapping, but his cousin, Hakeem Clark — who lives in the other half of the detective’s two-family home — has been charged with kidnapping, along with three other men. (Read more)
Romney: ‘No option should be excluded’ in stopping a nuclear Iran
JERUSALEM—Speaking against the backdrop of the historic Old City, Mitt Romney signaled he supports Israel’s right to “defend itself” against its enemies and said “any and all measures” should be considered in the world’s efforts to stop Iran from developing a nuclear weapon.
The Republican candidate said preventing a nuclear Iran should be America’s “highest national security priority.” And while he argued that diplomatic efforts should continue, Romney insisted that all options should be on the table in dealing with Iran, including a military strike. (Read more)
Mother Faces 93 Days In Jail For Vegetable Garden!
The world’s first 3D-printed gun
Love it. Gun control just got a whole lot tougher.
An American gunsmith has become the first person to construct and shoot a pistol partly made out of plastic, 3D-printed parts. The creator, user HaveBlue from the AR-15 forum, has reportedly fired 200 rounds with his part-plastic pistol without any sign of wear and tear.
HaveBlue’s custom creation is a .22-caliber pistol, formed from a 3D-printed AR-15 (M16) lower receiver, and a normal, commercial upper. In other words, the main body of the gun is plastic, while the chamber — where the bullets are actually struck — is solid metal.
The lower receiver was created using a fairly old school Stratasys 3D printer, using a normal plastic resin. HaveBlue estimates that it cost around $30 of resin to create the lower receiver, but “Makerbots and the other low cost printers exploding onto the market would bring the cost down to perhaps $10.” Commercial, off-the-shelf assault rifle lower receivers are a lot more expensiv (Read more)