31 August 2012

I'll Be Watching You


Stacy Lynne knew she was being followed. She kept seeing the same people and the same vehicles everywhere she went. Then she found a GPS tracking device had been hidden on her car. The Larimer County, Colorado, sheriff's office said it placed the device on her car, without a warrant, because officers feared she might kidnap her son in a custody dispute. But officials say they never actually turned the device on.

The failure here is the circumvention of constitutional law by the agency charge with protecting the rights of citizens. 

The Fourth Amendment (Amendment IV) to theUnited States Constitution is the part of the Bill of Rights which guards against unreasonable searches and seizures, along with requiring any warrant to be judicially sanctioned and supported by probable cause. It was adopted as a response to the abuse of the writ of assistance, which is a type of general search warrant, in the American Revolution. Search and seizure (including arrest) should be limited in scope according to specific information supplied to the issuing court, usually by a law enforcement officer, who has sworn by it. The Fourth Amendment applies to the states by way of the Due Process Clause of the Fourteenth Amendment.

By trespassing on the property of Lynne, they have simply shown the invalidity of their existence. When law enforcement violates those which they are charged to protect, who watches the watchmen?


Original Page: http://reason.com/blog/2012/08/31/brickbat-ill-be-watching-you

Business Insider

Ben Bernanke

Drum roll...

The biggest speech of the week is coming up: Bernanke's 10:00 AM ET speech at the Jackson Hole Economic Symposium sponsored by the Kansas City Federal Reserve.

It was at this venue in 2010, when he introduced the world to QE2, a scheme whereby the Fed would purchase long dated bonds with the idea of pushing money out of the Treasury market and into more risky assets, and hopefully the real economy itself.

I only wish that the media and economists would call quantitative easing what it actually is; inflation of the currency. Inflation is the invisible tax which Austrian economists rightly call theft. 

With the economy growing (but underwhelmingly so), and Europe and China both flagging, there's a lot of hope and hype about what he might say, and do.

There are very few clues. One is that the title is going to be: Monetary Policy Since the Crisis.

[...] 

Does anyone give a crap what the Bernanke says anymore. It's never good news. It's never economically sensible. 

http://www.businessinsider.com/bernanke-jackson-hole-preview-2012-8

30 August 2012

The Other Reason Not to Pay off Mortgage Early

The impulse to pay off your mortgage more quickly than you need to is understandable, especially these days.

Interest rates are near historic lows, so it's possible to replace a 30-year mortgage with a 15-year loan and still afford the monthly payments. Or, if you've already refinanced at a dirt cheap rate, you can take those savings and pay down your principal faster.

But the allure is more emotional than financial. Mortgage debt provides great financial flexibility, and paying it down fast probably isn't the best way to grow your nest egg.

"Generally speaking, there's no advantage to paying down a mortgage earlier than you need to," says Greg McBride, senior financial analyst at Bankrate.com

That's because the interest on mortgages is low, it helps lower your taxes, and paying less every month gives you chance to reinvest the savings in more productive ways. Among the better options: paying down higher-interest credit cards, or saving for retirement.

The one aspect that this author and most others fail to recognize is inflation; the invisible tax. Inflation is a method by which the Fed enables the Treasury to increase revenues without generating additional liabilities. At least, not for which the government is accountable. 

Inflation relative to financed debt works like this; when you finance a purchase (with fixed interest) over many years like a mortgage, you begin with a fixed monthly payment, say $1,000. Your initial payments are dollars at 100% value. By the end of, say a 30 year loan, you are paying your lender with dollars worth less. You are in effect being given a discount (as long as you are earning more relative to the rate of inflation) by the Fed and Treasury. 

The author goes on to present factors like tax breaks and savings, but inflation is apparently the invisible elephant in the room. You can't see it, but you know it's there. You can smell it. 

Start with rates on 30-year mortgages. The average rate is 3.66 percent, close to the lowest level since the 1950s.

But in reality you pay an even lower rate when factoring in tax breaks. The federal government gives borrowers a break by allowing them to deduct mortgage interest from their income. And if instead of using the extra cash to pay down your mortgage you put it in a tax-advantaged retirement fund like a 401(k), your taxes are reduced even further.

[...]


More: http://m.cbsnews.com/fullstory.rbml?catid=57502950&feed_id=999&videofeed=999

The Zero Hedge Daily Round Up

Episode 115. For whatever reason, I forgot to use the pop filter. But on the upside, it's not that bad and the episode is earlier! So a fair compromise.

Oh yeah, Zero Hedge gave me posting rights. You Jelly? Yeah, fuck you too. We're pretty much best friends now, we go on all sorts of adventures. He even lets me sleep with his wife. A curiosity and a pleasure.

RSS Feed: http://thefinancialreality.podomatic.com/rss2.xml

And don't forget to tell your friends~!

1. $14.5 Billion looted from food fund, 350 million risk starvation, India. 2. Consumer deleveraging, mostly debt default. 3. Student loan bubble grows at Hyperinflationary rate. 4. Valencia meet Catalonia. Demands EUR3.5 billion in rescue money. 5. Nick Clegg, One-off rich tax, UK. 6. Mad market Thursday. 7. Merkel, quote genius.

You'd beat your wife too if you were anything like me,

Julius Reade

America on The Verge of Financial Armageddon!

On the Sunday, August 19 edition of the Alex Jones Show, veteran guest host Mike Adams "The Health Ranger," editor of Naturalnews.com, fills in for Alex breaking down the latest news, including the recent Freedom of Information Act request revealing the Department of Homeland Security retaining files on Infowars stories and user comments. Mike also welcomes guest John B. Wells. Mr. Wells is a frequent guest on the Alex Jones Show and a longtime professional announcer who has hosted Saturday evenings on Coast-to-Coast AM, a North American late-night radio talk show, since January of 2012. He'll be talking to Mike about his own personal awakening, the economic collapse and its repercussions and how to prepare for what's to come. Mike also covers other major news items and takes your calls. ( John B. Wells : Chinese espionage / America on The Verge of Financial Armageddon ! )

( We Are on The Verge of Financial Armageddon! )

Date: 08-18-12
Host: John B. Wells
Guests: Frank Wuco, Frank Vernuccio Joining John B. Wells in the first half, CEO of Red Mind Solutions and retired Naval Intelligence Officer, Frank Wuco, discussed the situation in the Middle East. In the final two hours, New York analyst and radio host Frank Vernuccio talked about the threat of Chinese espionage and cyber attacks. ( Coast To Coast AM - Middle East & China - 08-18-2012 )


Original Page: http://electronzio.com/?q=node/558

Education Spending Doesn't Deliver

When a presidential candidate decries education cuts he's probably not serious about education. He's serious about winning elections.

The Obama campaign didn't waste time before attacking Rep. Paul Ryan, R-Wisc., on education, stating in its response to Ryan's being named Mitt Romney's running mate that Ryan proposed "deep cuts in education from Head Start to college aid." The campaign hit education even before Medicare, illustrating just how much they must think voters will recoil at any diminution of education spending.

"But hold on," you're thinking, "isn't education vital? And if so, shouldn't we invest as much as possible?"  

Those are reasonable questions for people with jobs, families, and not a whole lot of time to research education policy. After all, with most things, if you pay more you get something better.

But President Obama employs lots of people who assess education policy, and he must know what the statistics reveal: Washington spends huge amounts in the name of education but gets almost no educational improvement in return.

Begin with Head Start, a nearly $8 billion program that's politically untouchable, not only because it deals with education, but it's for preschool kids. It's almost tailor-made for demagoguery, with anyone who'd dare trim — much less eliminate — the program practically begging to be declared a rotten so-and-so who hates even the littlest of children.

But the fact is there's no meaningful evidence the program does any good. In fact, the most recent federal evaluation found that Head Start produces almost no lasting cognitive benefits, and its few lasting social-emotional effects include negative ones. Only the people employed by Head Start money — and the politicians who appear to "care" — are really benefiting.

This is repeated in elementary and secondary education, only with a bigger bill. In 2011 Washington spent almost $79 billion on K-12 education, and the latest federal data show inflation-adjusted federal outlays per pupil ballooning from $446 in 1970-71 to $1,185 in 2008-09. Meanwhile, scores for 17-year-olds on the National Assessment of Educational Progress — the "Nation's Report Card" — have been stagnant.

Oodles "invested," no return.

Lastly there's higher education. Once again, someone who hasn't had much time to study policy might reasonably think the key to improving and expanding higher education would be for the federal government to spend more on it. But again, reality differs: federal aid fuels tuition inflation and encourages massive waste.

The connection between aid and prices is somewhat intuitive if you think about it. Basically, if you give people $100 more to buy something, sellers will raise their prices $100. The buyers are no worse off, the sellers are better off, and the only losers are the people who furnished the money. With college aid, we call these losers "taxpayers."

Of course there's more to college pricing than aid, but the effect remains.

Studies have found that private colleges raise their prices a dollar for every extra buck students get in Pell Grants, and schools often reduce their own aid when government assistance rises.

Then there are the dismal outcomes that go with giving away college money.

First, only about 58 percent of first-time, full-time students finish a four-year degree within six years at the school where they started, and most who don't finish by then likely never will.

Next, a third of people with bachelor's degrees are in jobs that don't require them.

Finally, the National Assessment of Adult Literacy suggests serious watering down of a college degree. In 1992 about 40 percent of adults whose highest degree was a bachelor's were proficient in reading prose. In 2003 — the only other year the NAAL was administered — only 31 percent were. Among people with advanced degrees, prose proficiency dropped from 51 percent to 41 percent.

Again, spending hasn't translated into better education.

To someone who doesn't know about these sorry results spending federal money on education probably seems rational. But President Obama must know the facts, which means when he decries cuts in education spending, it can't be about what's educationally best. It must be about what's politically best for him.


Education Spending Doesn't Deliver | Neal McCluskey | Cato Institute

29 August 2012

Eugenicists Use DNA and Genetic Research to Push Depopulation Agenda

DeCODE Genetics (DCG) has published a study that states Icelandic fathers who are in the 40's pass down more genetic mutations than their 20 year-old counter-parts. According the DCG, 97% of genetic mutations are derived from older fathers.

Because males produce sperm throughout their lives, and the genetic make-up of that sperm is created from mutations based on previously produced sperm. This study supposes that increase in autism could be connected to these genetic mutations.

This has led to an increase in genetic defects, suggests lead researcher Dr. Kari Stefansson. She asserts:
Society has been very focused on the age of the mother. But apart from [Down's Syndrome] it seems that disorders such as schizophrenia and autism are influenced by the age of the father and not the mother.
Studies into DNA with regard to reproduction and children harken back to proponents of eugenics that discouraged the procreation of those deemed "unfit" by the upper Elite of society.

The President's Council on Bioethics, who supports the screening of newborn blood in America, has stated that:
Advocates of a broadened notion of 'benefit' often extol the utility of newborn screening for helping parents make future reproductive decisions…But this notion of 'benefit to the family' is not unproblematic…Suppose that expanded screening of an infant reveals not a fatal and incurable disease but instead a host of genetic variants, each of which merely confers elevated risk for some condition or other. Who is to say at what point an uncovered defect becomes serious enough to warrant preventing the birth of other children who might carry it? At what point have we crossed the line from legitimate family planning to capricious and morally dubious eugenics?
The US government, in conjunction with hospital participation, has been warehousing newborn DNA with the intention to conduct full genome scans on every American citizen.

[...] 

Original Page: http://www.activistpost.com/2012/08/eugenicists-use-dna-and-genetic.html

SPANISH BANK RUNS: Several Outlets Reporting On Bank Runs

The data out from Spain this morning should be one serious wake-up call for anyone exposed to Europe. The fourth largest economy in the Eurozone is getting hammered and for anyone that has doubted that they will need a full scale bailout; think again. The numbers are a disaster. Deposits at the Spanish banks dropped by a record amount in July, -$93 billion which is a decline of -4.7% in just one month. On a year-over-year basis the decline in deposits is 12.0% but the trend in loss of deposits is escalating rapidly. The total banking deposits in Spain are $1.51 trillion we are told and the loss in deposits is 56.4% on an annualized basis which, if this trend continues, would effectively wipe out the capital of each and every bank in Spain. With an economy that has shrunk to $1.3 trillion the drop in bank deposits represents a 6.6% loss of capital to support the economy. This is not a leak, as reported by some in the Press, but a bank run. Spain also reported out for June bad loans at 9.4% ($205.45 billion) which is the highest on record as reported but it is also a number which may not be believed!

[...]


More: http://www.realistnews.net/Thread-spanish-bank-runs-several-outlets-reporting-on-bank-runs

I Heard It Through the Grapevine That the Government Was Violating Property Rights

Property owners shouldn't be made to suffer a needless, Rube Goldberg-style litigation process to vindicate their constitutional rights. Yet that is exactly what the U.S. Department of Agriculture seeks to impose on independent raisin farmers Marvin and Laura Horne when they protested the enforcement of a USDA "marketing order" that demanded that the Hornes turn over 47 percent of their crop without compensation.

The marketing order—a much-criticized New Deal relic—forces raisin "handlers" to reserve a certain percentage of their crop "for the account" of the government-backed Raisin Administrative Committee, enabling the government to control the supply and price of raisins on the market. The RAC then either sells the raisins or simply gives them away to noncompetitive markets—such as federal agencies, charities, and foreign governments—with the proceeds going toward the RAC's administration costs.

Believing that they, as raisin "producers," were exempt, the Hornes failed to set aside the requisite tribute during the 2002-2003 and 2003-2004 growing seasons. The USDA disagreed with the Hornes' interpretation of the Agricultural Marketing Agreement Act of 1937 and brought an enforcement action, seeking $438,843.53 (the approximate market value of the raisins that the Hornes allegedly owe), $202,600 in civil penalties, and $8,783.39 in unpaid assessments.

After losing in that administrative review, the Hornes brought their case to federal court, arguing that the marketing order and associated fines violated the Fifth Amendment's Takings Clause. Having litigated the matter in both district and appellate court, the government—for the first time—alleged that the Hornes' takings claim would not be ripe for judicial review until after the Hornes terminated the present dispute, paid the money owed, and then filed a separate suit in the Court of Federal Claims.

[...]

I Heard It Through the Grapevine That the Government Was Violating Property Rights is a post from Cato @ Liberty - Cato Institute Blog


Original Page: http://feeds.cato.org/~r/Cato-at-liberty/~3/J4RL3h3foX0/

The Charter School Paradox

Is it possible for charter schools to increase educational options and diversity in the public school system but decrease it overall; to spend less money than regular public schools but cost taxpayers more overall; and to outperform regular public schools but decrease achievement overall?

Unfortunately, it is possible, and this mix of intended and unintended outcomes is the "Charter School Paradox." But it is only a paradox if we take a narrow view of charter school effects. Rigorous new research concludes that public charter schools are seriously damaging the private education market, adding to the taxpayer burden, and undermining private options for families and healthy competition in the education sector.

Fortunately, we have a solution in education tax credits . . .

Take a look at the full paper by Richard Buddin, my short companion piece, and our brief video on the findings and implications of this path-breaking new research.

The Charter School Paradox is a post from Cato @ Liberty - Cato Institute Blog


Original Page: http://feeds.cato.org/~r/Cato-at-liberty/~3/ncO39-vJNaY/

28 August 2012

Water Shortages Could Force World Into Vegetarianism

If you have established that clean air, water and food are minimum baselines for your lifestyle, you have no doubt noticed how difficult this is to attain.

It's not going to get any easier.

Via: Guardian:

Leading water scientists have issued one of the sternest warnings yet about global food supplies, saying that the world's population may have to switch almost completely to a vegetarian diet over the next 40 years to avoid catastrophic shortages.

Humans derive about 20% of their protein from animal-based products now, but this may need to drop to just 5% to feed the extra 2 billion people expected to be alive by 2050, according to research by some of the world's leading water scientists.

"There will not be enough water available on current croplands to produce food for the expected 9 billion population in 2050 if we follow current trends and changes towards diets common in western nations," the report by Malik Falkenmark and colleagues at the Stockholm International Water Institute (SIWI) said.

"There will be just enough water if the proportion of animal-based foods is limited to 5% of total calories and considerable regional water deficits can be met by a … reliable system of food trade."

Dire warnings of water scarcity limiting food production come as Oxfam and the UN prepare for a possible second global food crisis in five years. Prices for staples such as corn and wheat have risen nearly 50% on international markets since June, triggered by severe droughts in the US and Russia, and weak monsoon rains in Asia. More than 18 million people are already facing serious food shortages across the Sahel.

[...]

27 August 2012

In Case You Were Worried

The US merchants of death, who prosper under both government political parties, had record arms sales last year, promoting tyranny and mass death and destruction all over the globe, and buying Republican and Democratic politicians in the Homeland. (Thanks to Travis Holte)


Original Page: http://www.lewrockwell.com/blog/lewrw/archives/119103.html

Angela Merkel Just Revealed the Real Situation in Europe

For several months now, I've been stating that the world's central banks are in a bind. That bind is that their monetary policies are becoming less and less effective at placating the markets while the consequences of said policies (higher costs of living, the targeting of troubled banks in the credit market, etc.) are increasing.

As a result of this, central banks have begun resorting to more and more "verbal intervention" or promises to "act" without ever acting.

We received confirmation of this over the weekend when Angela Merkel chastised Germany Bundesbank Head Jens Weidmann for stating that an ECB policy of buying bond was like a dangerous drug.

Angela Merkel tried to calm a growing storm over euro zone crisis strategy on Sunday after the Bundesbank likened ECB bond-buying plans to a dangerous drug and a conservative ally of the German leader said Greece should leave the currency bloc by next year.

The comments, from central bank chief Jens Weidmann and a senior figure in the Bavarian Christian Social Union (CSU), Alexander Dobrindt, point to mounting unease in Germany with the policies being used to combat the three-year old debt crisis.

Domestic criticism has narrowed Merkel's room for maneuver at a time when Greece is in dire need of more aid and policymakers are scrambling to prevent contagion from enveloping big countries like Spain and Italy.

Two days after Greek Prime Minister Antonis Samaras visited Berlin and made an impassioned plea for politicians there not to talk up the possibility of a Greek euro exit, Merkel herself sent a warning to allies who have said the euro zone would be better off without its weakest link.

[...]


More: http://www.zerohedge.com/contributed/2012-08-27/angela-merkel-just-revealed-real-situation-europe

26 August 2012

Lifeboat Hour – 08/26/12

 



from Progressive Radio Network » Lifeboat Hour | Progressive Radio Network http://prn.fm/2012/08/26/lifeboat-hour-082612/?utm_source=rss&utm_medium=rss&utm_campaign=lifeboat-hour-082612

25 August 2012

NYPD: The Gang That Can’t Shoot Straight

Two weeks ago, the NYPD shot at least 12 rounds in crowded Times Square at 51 year old Darius Kennedy, who had mental health issues and was waving a knife as he walked down 7th Avenue.

Some of the rounds could have injured or killed innocent bystanders.

In fact, at least one of those rounds were found embedded in the doorway of a nearby building.

Two days later an NYPD officer shot an innocent dog on 14th Street and 2nd Avenue, again in one of Manhattan's busiest neighborhoods.

The dog was barking as she protected her owner, a man who many described as being homeless, and who had passed out in the street.

Eddie Huang, a well known chef and owner of BaoHaus restaurant described the incident this way, "We heard the gunshot, and we all ducked, and saw people running and screaming. All of the sudden, our chef Mitch ran towards the gunshot. He was like Yo, it's that dog in front of KFC—because there's always this dog in front of KFC—and by the time I get there, I can see the dog whipping around and convulsing."

Again, innocent bystanders could have been injured or killed by shots fired by a New York City police officer.

Then, on Friday August 24, 2012, less than two weeks after the NYPD shot that innocent dog, NYPD officers Craig Matthews and Robert Sinishtaj opened fire on 58 year old Jeffrey Johnson, a disgruntled, laid off ex-employee of Hazan Import Corp., a clothing accessory company, who had just shot and killed Steve Ercolino, the company's vice president after he had walked into the company around 9 am.

According to the NYPD, Officer Craig Matthews fired seven times, and Officer Robert Sinishtaj fired nine times.

Neither Matthews or Sinishtaj had ever fired their weapons before on a patrol.

On Saturday, authorities confirmed that NYPD officers Craig Matthews and Robert Sinishtaj fired more than 16 rounds, striking Johnson at least seven times.

A video shows Jeffrey Johnson dressed in a suit, in front of the landmark building on Fifth Avenue at 34th Street, turn towards police, appearing to point a gun at officers when he is shot.

The NYPD also confirmed that nine bystanders who were wounded in the shooting, were injured by bullets fired by police, not Mr. Johnson.

Of the nine shot by police, three were hit directly by bullets, while six were injured by bullet fragments that ricocheted off of the concrete pavement and/or planters.

Three people remain in the hospital in stable condition.

As always, New York City Mayor Michael Bloomberg, along with NYPD Commisioner Ray Kelly backed the NYPD officers actions and defended the shooting which injured, and could have killed nine innocent bystanders.

[...]

Combine that with the NYPD's history of being the most corrupt police force in the country, and it's why I say the NYPD is the gang that can't shoot straight.

NYPD: The Gang That Can't Shoot Straight is a post from Cop Block - Badges Don't Grant Extra Rights


More: http://www.copblock.org/19960/nypd-the-gang-that-cant-shoot-straight/

West Nile: they’re lying to you again | TruthTheory

(NaturalNews) The government PR machine has swung into high gear promoting West Nile disease. It's a "national outbreak." 1138 cases in 38 states. 41 deaths. Planes are spraying toxic aerial pesticides.

Never mind that the US Centers for Disease Control claims 36,000 people die every year from ordinary seasonal flu — and there are no announcements of an "epidemic" or an "outbreak."

Never mind that the World Health Organization (WHO) claims between 250,000 and 500,000 people die every year from ordinary seasonal flu — and this isn't called an "epidemic" or an "outbreak."

If you added up the death count from all the hyped and predicted epidemics of the last decade, including West Nile, SARS, bird flu, weaponized smallpox, and Swine Flu, the total would come to about one year of deaths in the US from ordinary flu.

But who cares about facts? What's important is how much fear can be generated. That's the statistic that counts, when you're talking about the CDC or WHO.

And when it comes to the public, it seems that some people feel a morbid attraction for viruses. Every time a new one is announced, they rub their hands together and say, "This is the big one! It's going to spread like wildfire!"

Other people, involved in natural health, who reject huge amounts conventional medical wisdom, nonetheless make the mistake of buying the virus of the moment. They automatically accept it as real and then figure out how to treat it naturally. That can be a big mistake.

[...]

More: http://truththeory.com/2012/08/25/west-nile-theyre-lying-to-you-again/

24 August 2012

‘Real News From The Blaze:’ Is an Economic Collapse in China Ahead?

Most economists are concerned about how a potential economic collapse in Europe would ripple across the Atlantic, but are they equally concerned with what some believe to be a much larger looming disaster coming from China? A post on Business Insider Friday from Also Sprach Analyst argues that evidence suggests that the Chinese economy has been slowing down worse than the market expected, or official data has suggested.

We have already made this point before, with anecdotal evidence and indirect gauges of the Chinese economy pointing to more severe slowdown than the official data suggest.  And even though one may insist that the Chinese economy has not hard landed because official data suggest that GDP growth remains above 7%, the economy has indeed hard landed as far as large number of Chinese companies and the people they employ are concerned.  Yesterday's miserable PMI data, which is "just awful" according to Wei Yao of Société Générale, add to the gloom.

With steel exports down and other financial indicators moving in the wrong direction, how tightly wound is our economy with China's and would a hard landing there spell certain economic disaster? Conversely, if China's money is escaping west, could it be a good thing for the U.S.?

[...]


Original Page: http://www.theblaze.com/stories/real-news-from-the-blaze-is-an-economic-collapse-in-china-ahead/

What's the use?

23 August 2012

Obama's Recovery That Wasn't


"Today, everybody agrees that the recession is over and the question is what the pace of the expansion is going to be," said National Economic Council head Larry Summers...on December 13, 2009!
Almost every month since President Obama took office, a different member of his administration has offered a wildly optimistic prediction about the upwards direction of the economy.
"The Recovery That Wasn't," the cover story of Reason's brand-new October issue, juxtaposes those phony proclamations with the actual economic data to make a comical (and sad) commentary on the state of the job market during the Obama years.
[...]


Obama's Recovery That Wasn't; Plus: How to Really Cut Defense Spending! - Reason.com

Will the State Push GM Into Bankruptcy?

SashaObamaBumperCarsIowa

That taxpayers are never going to recover their "investment" in Government Motors has been a foregone conclusion for a while. But their losses are mounting beyond what many, including me, had predicted. Last year, top auto analysts had expected GM's … Continue reading

Had the market been allowed to function naturally, GM would have been allowed to succeed or fail on its own. By forcing taxpayers to bailout the auto industry, the government is in effect subsidizing the industry and choosing some producers over others. If a producer is unable to market and sell its goods to consumers, bailing them out only encourages them to continue down a path of failure. 

Employees can and must retrain into other fields when industries begging to collapse. It is not the responsibility of government to intervene and support failing industries. It only prolongs the painful need to transition. It really doesn't matter which political party is involved in the bailouts, they should all be independent of the economy and maintain a non-intervention policy to help the markets equilibrate quickly and effectively. By intervening, it only drags out the inevitable. 

Billions of genetically modified bugs will spread in fruit and veg under new EU proposals

Potato pests

GeneWatch UK today slammed EU's new draft rules for approving genetically modified (GM) insects, fish, farm and pets (1). organisation warned that billions of GM insect eggs and caterpillars would be left in vegetables and if UK company Oxitec's GM moths and flies are approved by EU under new rules. Oxitec's GM insects have been genetically engineered so their caterpillars die inside olives or tomatoes or on leaves of cabbages (2). company plans to release GM pests across EU to mate with wild pests in an attempt to reduce their numbers. Millions of GM pests must be released each week to have any effect on wild populations.

The draft guidance, published for consultation by the European Food Safety Authority (EFSA) specifically excludes testing whether GM insects and caterpillars are safe to eat.

"No one will want to eat dead or dying GM caterpillars in their olives or tomatoes" said Dr Helen Wallace "And no one knows whether the GM pests that are still alive will end up in their garden or a farmer's fields. What EFSA is proposing is a massive gamble with our food supplies and the environment."

GeneWatch UK has written to the EU Commission objecting to the roles of Oxitec and multinational pesticide company Syngenta in drafting the new rules and questioning EFSA's competence to draft guidance on issues that are not within its remit (3). Syngenta has funded Oxitec to develop GM agricultural pests and most of Oxitec's management and Board are ex-Syngenta staff. In its response to the consultation, GeneWatch has highlighted how the companies have distorted the draft guidance to favour approval of GM insects for commercial use.

[...]


Original Page: http://feedproxy.google.com/~r/PRNfm/~3/1ZgnrCBvZcg/

Crescendo CEO Wins Settlement

The Crescendo cheating scandal in Los Angeles is old news (see herehere, and here). All of Crescendo's schools have since been closed, their teachers let go, and their 1,400 students forced to relocate as a result of the 2010 scandal in which teachers were given advance copies of the state standardized exams to help better prepare their students. However, two separate investigations have now blamed the organization's founder and CEO, John Allen, for ordering his schools' principals to implicate the teachers in the scam.
[...]

More: http://bigeducationape.blogspot.com/2012/08/modern-school-cheaters-prosper.html

The End Of US Economic Growth

Real GDP

Are the good times really over for good?

A provocative new paper from economist Robert Gordon, "Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds," makes just that case, or at least questions the assumption "that economic growth is a continuous process that will persist forever. There was virtually no growth before 1750, and thus there is no guarantee that growth will continue indefinitely …  the rapid progress made over the past 250 years could well turn out to be a unique episode in human history."

Indeed, as the above chart shows, growth may be headed on trajectory back to the zero-growth (or super slow growth) era before the Industrial Revolution.:

Doubling the standard of living took five centuries between 1300 and 1800. Doubling accelerated to one century between 1800 and 1900. Doubling peaked at a mere 28 years between 1929 and 1957 and 31 years between 1957 and 1988. But then doubling is predicted to slow back to a century again between 2007 and 2100

Or to put it another way, per-capita real GDP growth could slow down to a rate of a mere 0.2 percent by 2100. That is roughly what it was for the 400 years before the Industrial Revolution.

It's hard to argue with those numbers. Career Politicians and media pundits can only polish the facts so much...

The core of Gordon's argument is that we've already picked the low-hanging fruit of innovation and new advances have provided less economic oomph:

The analysis links periods of slow and rapid growth to the timing of the three industrial revolutions (IR's), that is, IR #1 (steam, railroads) from 1750 to 1830; IR #2 (electricity, internal combustion engine, running water, indoor toilets, communications, entertainment, chemicals, petroleum) from 1870 to 1900; and IR #3 (computers, the web, mobile phones) from 1960 to present.

It provides evidence that IR #2 was more important than the others and was largely responsible for 80 years of relatively rapid productivity growth between 1890 and 1972. Once the spin-off inventions from IR #2 (airplanes, air conditioning, interstate highways) had run their course, productivity growth during 1972-96 was much slower than before. In contrast, IR #3 created only a short-lived growth revival between 1996 and 2004.

Many of the original and spin-off inventions of IR #2 could happen only once – urbanization, transportation speed, the freedom of females from the drudgery of carrying tons of water per year, and the role of central heating and air conditioning in achieving a year-round constant temperature.

As the next chart shows, U.S. productivity has slowed:

Average Growth Rate

But Gordon thinks just maintaining current levels of growth will be difficult for six reasons:

1. Demographics:

The "demographic dividend" is now in reverse motion. The original dividend was another one-time-only event, the movement of females into the labor force between 1965 and 1990, which raised hours per capita and allowed real per-capita real GDP to grow faster than output per hour. But now the baby-boomers are retiring, no longer included in the tally of total hours of work but still included in the population. Thus hours per capita are now declining, and any tendency for life expectancy to grow relative to the average retirement age will further augment this headwind. By definition, whenever hours per capita decline, then output per capita must grow more slowly than productivity.

2. Education:

The second headwind already taken into account in the 2007-27 forecast is the plateau in educational attainment in the U.S. reached more than 20 years ago, as highlighted in the path-breaking work of Claudia Golden and Lawrence Katz (2008). The U.S. is steadily slipping down the international league tables in the percentage of its population of a given age which has completed higher education. This combines several problems. One is the cost disease in higher education, that is, the rapid increase in the price of college tuition …  This cost inflation in turn leads to mounting student debt, which is increasingly distorting career choices and deterring low-income people from going to college at all. Not everybody gets a scholarship … . There is an ongoing achievement gap between whites and Asians on the one hand and Hispanics and Blacks on the other, while the Hispanic percentage of our nation's schoolchildren keeps increasing, dragging down the national average. Making matters worse is a new and growing gap between the educational preparation and achievement of American girls and boys; the female share of college graduates is now up to 58 percent.

3. Inequality:

The growth in median real income has been substantially slower than all of these growth rates of average per-capita income discussed thus far. The Berkeley web site of Emmanuel Saez provides the startling figures. From 1993 to 2008, the average growth in real household income was 1.3 percent per year. But for the bottom 99% growth was only 0.75, a gap of 0.55 percent per year. The top one percent of the income distribution captured fully 52% of the income gains during that 15-year period. If what we care about when we talk about "consumer well being" is the bottom 99 percent, then we must deduct 0.55 percent from the average growth rates of real GDP per capita presented here and elsewhere. 

4. Globalization:

Foreign inexpensive labor competes with American labor not just through outsourcing, but also through imports. And these imports combine lower wages in emerging nations with growing technological capabilities there.

5. Energy and the environment:

Part of any effort to cope with global warming represents a payback for past growth. In 1901 the environment was not a priority and the symbol of a prosperous city was a drawing of a factory spewing pure black smoke out of its chimneys. The consensus recommendation of economists to impose a carbon tax in order to push American gasoline prices up toward European levels will reduce the amount that households have left over to spend on everything else (unless it is fully rebated in lump-sum or other payments). India and China are both growing more rapidly than the U.S. and taken together those two nations are responsible for double the carbon emissions of the U.S.,but they resist suggestions that their growth to high-income status should be curtailed by energy restrictions, since today's rich nations of North America, Europe, and Japan were not regulated in the same way during their 20th century period of high growth.

6. Debt:

Already in 2007 U.S. households suffered from an unprecedented overhang of debt equal to 133 percent of disposable income. The government debt was then manageable but has since begun to explode. Consumers have gradually been paying off debt, and this is one reason why the economic recovery has been so tepid. As a matter of arithmetic the ratio of government debt to GDP can be reduced by a mix of higher taxes, lower expenditures, and lower entitlement benefits (including higher retirement ages). But the same arithmetic implies that higher taxes and/or lower transfers

Since regulation and taxation have increased steadily over these same years, it should also be obvious that we need to cut taxes, spending and regulation as well to spur private sector growth. Adding more public debt and public jobs will only make the situation worse. Markets need to be allowed to equilibrate. 

So what to do to avoid the Great Slowing? Gordon isn't too optimistic:

Some of the headwinds contain a sense of inevitability. The most daunting is the interplay between globalization and modern technology, which accelerates the process of catching up of the emerging markets and the downward pressure on wages and real incomes in the advanced nations. …

There is also an inevitability to the subtraction from growth implied by headwind, the future repayment of consumer and government debt. U.S. consumption grew faster than real GDP over a long period, fueled by increasing consumer and government debt, a process that cannot continue forever. Over a substantial number of years in the future consumption must grow more slowly than production …

It is headwind (1), the demographic turnaround, that seems on the surface to be the most inevitable but is could potentially be counteracted. The retirement of the baby boomers causes hours per capita to decline and thus reduces growth of income per capita relative to productivity. A method to raise hours per capita is to increase the ratio of those of working age to those of retirement age. As a matter of arithmetic, this could be achieved by a more rapid inflow of immigration. One potential option would be unlimited immigration of high-skilled workers. As Steve Jobs is reported to have told Barack Obama shortly before he died, "we should staple a green card to the diploma of every foreign worker who attains a graduate degree in science or engineering." For decades Canada has encouraged the immigration not only of skilled applicants but also those who are already rich and by so doing has transformed its culture from British colonial blandness to international world-class diversity.

I will have much more to say about the paper later — there is something in it for everyone — but its overall argument does sync with the Great Stagnation thesis of Tyler Cowen in that an innovation slowdown has led to a productivity slowdown and a growth slowdown. And of course what alarms me is that Washington is current pursuing a government-centric redistribution agenda rather than a market-centric innovation and growth agenda, which makes Gordon's dire scenario all the more likely.

Source: http://www.businessinsider.com/the-end-of-us-economic-growth-2012-8

19 August 2012

Lifeboat Hour – 08/19/12

 



from Progressive Radio Network » Lifeboat Hour | Progressive Radio Network http://prn.fm/2012/08/19/lifeboat-hour-081912/?utm_source=rss&utm_medium=rss&utm_campaign=lifeboat-hour-081912

Minimum Wage Laws Cause Unemployment

I often find myself frustrated by the lack of economic knowledge by the general public, especially in my peers. It seems obvious that most workers wish to earn more pay for their labor, yet few are opposed to wage laws that appear to promote higher wage rates. But that's only on the surface, we have to only peel back that top layer to discover the reality.

Minimum wage laws intend to increase the wages earned by an individual worker, but completely ignorance effects to the labor class in total. Wage floors work the same as price floors; they set minimum prices for the labor of a worker, just as they do for individual goods and services. For those workers who are employed, these laws do in fact increase their level of earnings. But that is only the micro effect, we must also consider the macro.

By forcing employers to pay higher wage rates to employees, the net effect is that labor costs to employers increase. To maintain profitability, employers are forced to hire fewer workers, and lay greater productivity expectations on the workers. The net effect is that higher labor costs directly result in a lower demand for workers. When there is a surplus of labor, the result is unemployment.

If unemployment is a direct result of minimum wage laws, the minority workers which these laws are intended to assist are actually doing them harm, as those low-wage earners now have to compete with a greater number of unemployed potential workers for fewer opportunities. Hello unintended consequences.

17 August 2012

Seven Banks Under Investigation for Global Interest Rate Scandal

Seven international banks have been served with subpoenas over the global interest setting scandal. Barclays, Citigroup, Deutsche Bank, HSBC, JPMorgan Chase, Royal Bank of Scotland and UBS


Original Page: http://www.blacklistednews.com/Seven_Banks_Under_Investigation_for_Global_Interest_Rate_Scandal/21070/0/0/0/Y/M.html

16 August 2012

Colo. shooting lawsuit filed, man blames theater, doctors, and Warner Bros.

"A lawsuit was filed Tuesday, just a few days after the largest mass shooting in the history of the United States, blaming the theater, the doctors of James Holmes, and the film studio Warner Bros. Torrence Brown, Jr. was in Century 16 Theater when James Holmes started his killing spree. Brown was not injured although one of his best friends, A.J. Boik, was fatally shot in the chest. Brown claims to be suffering from extreme trauma."

"Brown's attorney, Donald Karpel, told TMZ that the theater was negligent. The emergency exit door in the front had no alarm and was not guarded. Many believe that Holmes purchased a ticket, entered the theater, propped open the emergency exit from the inside, and then went to his car and returned with four guns."

Continue Reading: http://www.examiner.com/article/james-holmes-lawsuit-filed-man-blames-theater-doctors-and-warner-bros?cid=db_articles

http://sussexcountyangel.wordpress.com/2012/07/24/colo-shooting-lawsuit-filed-man-blames-theater-doctors-and-warner-bros/

Mises

How can five little letters be so blessedly unique and yet so palatable? Imagine that one person could so change the world through small steps, helping to educate the masses on both economics and sociology. Those from the Austrian school help unlearn generations of malicious thoughts and actions from human psyche. Without people who can transcend false paradigms, the species would do well to simply and willingly go extinct by doing the same thing that always hurts. 

Left and Right are both Wrong

Voices in the Dark

Scholars like Rothbard, Mises, Block, Schiff, and Paul are why this new blend of patriotism as dissent will be remembered in history as a lone voice of reason in the darkest hour, even if as well-recognized as Rothbard. I am blessed to have the wealth of information from the Mises scholars, teachers, and authors at my disposal, as am I to have the vocal Rockwell doing his lions's share of the work to reach a wider audience. These voices are those doing there damnedest to find the hundredth monkey through enlightenment.

Why The National Debt will Never Decrease

We are going to have to go to a cashless society to maintain any semblance of sustainability. The Federal Reserve will never raise interest rates. Credit is the new dollar. We will never return to a gold standard. If credit dries up, the house of cards collapses. We won't pay down our national debt or cut government spending, as that would stifle production and consumption. Knowing why everything is wrong doesn't help when that is also the only way to prop it all up. This is the result of moving to a fiat system instead of a resource-based economy. 

Meet Chairman Bernanke's Replacement


Meet Chairman Bernanke's Replacement - Happy Hour In Santa Cruz - Home - The Daily Bail

Today in History: the End of the Gold Standard


Fourty-one years ago (actually yesterday), president Nixon severed the connection between the US currency and any resource backing, effectively setting the stage for increased rates of inflation into the future. This was one of the most important decisions in modern financial, economic and monetary history and is a seminal moment in the creation of the global sovereign debt crisis confronting the U.S., Europe and the world in 2012.  The dollar has since fallen from 1/35th of an ounce of gold to 1/1750th of an ounce of gold.


More at the Daily Bail.

On August 15, 1971, President Nixon announced on TV 3 dramatic changes in economic policy. He imposed a wage-price freeze. He ended the Bretton Woods international monetary system.  And he imposed a temporary surcharge (tariff) on all imports. The Bretton Woods system was created towards the end of World War II and involved fixed exchange rates with the U.S. dollar as the key currency - but also a role for gold linked to the dollar at $35/ounce. The system began to falter in the 1960s because of an excess of dollars flowing out of the U.S. which foreign central banks had to absorb. A run on gold in 1968 was stemmed by a patch on Bretton Woods known as the two-tier gold system. All of this was ended unilaterally by the Nixon decision.



The stability of gold in trade was part of what kept the dollar from fluctuating wildly, though increases and decreases in it's value were common. What has been often overlooked since 1933 is the absense of any sustained increase in the value of the dollar. Nixon's actions were simply a nearly unnoticed blip on the race to the bottom.

This inflation is the invisible tax which Mises describes often;

Inflation, an increase in money and credit, is certainly not a means to avoid or to postpone for more than a short time the need to resort to taxes levied on people other than those belonging to the rich minority. If, for the sake of argument, we leave aside all the objections which may be raised against any inflationary policy, we must take into account the fact that inflation can never be more than a temporary makeshift. Inflation cannot be continued over a long period of time without defeating its fiscal purpose and ending in a complete debacle as was the case in this country with the Continental currency, in France with the mandats territoriaux and in Germany with the mark in 1923.

Inflation: An Unworkable Fiscal Policy

IMF Paper Backs Full Reserve Banking!

We’ve been in a state of mild shock since Saturday. We discovered one of the strongest advocates of full reserve banking in the institution where we would expect it least.
 

The International Monetary Fund has released a paper “The Chicago Plan Revisited” that supports the proposals of Irving Fisher – those which are the basis for Positive Money’s proposals - using state of the art economic modelling.

This sounds to be in opposition to the system which is currently in use, built upon the works of economists like Keynes and Krugman. Maybe the IMF knows something that the rest of us don't...

In their summary the authors Jaromir Benes and Michael Kumhof write:

At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits.
But even that backing requirement went away eventually with the end of the Gold Standard. But this system is actually what causes the boom-and-bust business cycles which lead to recessions and depressions.
Irving Fisher (1936) claimed the following advantages for this plan:

(1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money.

(2) Complete elimination of bank runs.

(3) Dramatic reduction of the (net) public debt.

(4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation.

We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher’s claims.

[...]


More: Positive Money » IMF Paper Backs Full Reserve Banking!

15 August 2012

Heirlooms Disappear From BofA Safety Deposit Box

Many consumers often use store valuable possessions in safe deposit boxes assuming it’s secure, but a Danville couple found that’s not always the case.
When Unsa Kamal and her husband Aizad received a letter from Bank of America informing them their box had been drilled opened and emptied, they said they thought it was junk mail. But after carefully reviewing the letter, the Kamals said the bank in fact emptied their safe deposit due to lack of information.
But the bank actually had the social security numbers of the customers on file, so it either lied or simply wanted an excuse to rummage through the private property of private citizens. This is just the latest in an overwhelming collection of reasons to abandon the large and heavily corrupt banking system.
“They claim they didn’t have Social Security numbers, which is not true,” Aizad Kamal said. When they open the account that’s something very basic they ask for and they have that.”
[...

ConsumerWatch: Heirlooms Disappear From BofA Safety Deposit Box « CBS San Francisco

14 August 2012

Mutant Butterflies Traced to Fukushima

Butterflies collected from in and around the Fukushima nuclear disaster area suffer from mutations that indicate lasting ecological effects from the radioactive fallout. The butterflies are showing abnormalities in their legs, antennae, and abdomens, and have dents in their eyes, according to a study published in Scientific Reports. Scientists collected the butterflies two months after the disaster and found that 12 percent of the samples suffered from abnormalities, with the rate of mutation increasing each generation. In a follow-up collection last September, scientists noted that the rate of mutation rose to 28 percent, and the number of mutated offspring increased to 52 percent of the sample. "Our results are consistent with the previous field studies that showed that butterfly populations are highly sensitive to artificial radionuclide contamination in Chernobyl and Fukushima," the study said. "Together, the present study indicates that the pale grass blue butterfly is probably one of the best indicator species for radionuclide contamination in Japan." Because sensitivity to irradiation varies between species, there shouldn't be concerns about these type of mutations in humans.

I'm sure there's no threat to humans :/

Via CNN

Rural Utilities Create Zero Jobs Despite $47 Million in Stimulus Funding

A stimulus program designed to create jobs by funding rural utility projects has created only about 12% of the jobs projected at the outset of the program, according to the Agriculture Department's Inspector General.

The IG examined 22 local utilities and government agencies to receive stimulus money. The Rural Utilities Service (RUS), a division of the USDA, projected that the sample of companies would create 3,384 jobs. To date, however, those companies have used their stimulus awards to create a mere 415 jobs.

Some of the recipients have not used their stimulus awards to create a single job. The Wholesale Water Commission of Atchison County, Missouri, for instance, received a $22 million stimulus award, but has yet to even begin construction on the project for which the money was earmarked. Result: no jobs created.

The cities of Elkins, WV; Thomasville, AL; Ruidoso Downs, NM; Big Bend, WV; and City of War, WV, likewise have not created a single job between them, despite having been obligated a combined $47 million in stimulus funding through the RUS.

Wow. That's money well spent. :/

A host of other cities have posted disappointing job performances, as seen in this spreadsheet:

While proponents of the stimulus would likely point to even this tepid job creation as a success, the effectiveness of economic stimulus is generally gauged against alternatives. In this case, the issue is not whether jobs have been created at all, but rather how many jobs these funds could have created if they had not been drained from the private sector or piled on top of the federal government's record-high national debt.

"Every dollar Congress injects into the economy must first be taxed or borrowed out of the economy," explained Heritage's Brian Reidl in a 2010 Backrounder. "No new spending power is created. It is merely redistributed from one group of people to another." That redistribution likely creates few jobs, and may even be a net drag on employment.

But while this RUS program, like a number of the stimulus's attempts at job creation, has performed remarkably poorly, a primary purpose of the President Obama's first legislative initiative was not immediate job creation, as Scribe has noted, but in fact geared towards long-term left wing objectives.


Original Page: http://blog.heritage.org/2012/08/14/rural-utilities-create-zero-jobs-despite-47-million-in-stimulus-funding/

12 August 2012

Lifeboat Hour – Repeat Program – 04/13/10

Related articles



from Progressive Radio Network » Lifeboat Hour | Progressive Radio Network http://prn.fm/2012/08/12/lifeboat-hour-repeat-program-041310/?utm_source=rss&utm_medium=rss&utm_campaign=lifeboat-hour-repeat-program-041310

06 August 2012

Get A Citi Rewards Card, Buy Women

When spending rewards dollars on things like knife sets, LCD TVs and restaurant reservations is just a little too 2011, here comes Citi to spice things up a bit.

Consumerist tries to make some sense of Citi rewards' incentives... and fails:

Is there no limit to what banking rewards programs will cover these days? Flights, hotel rooms, rental cars, electronics, women. Wait -- what?

Consumerist reader F. is a member of Citi's Extra Cash rewards program and saw they could earn 100 points just for taking this survey. But when F. got to this question about "What products or services are you considering purchasing using your Extra Cash?", they noticed that apparently Extra Cash can be spent on adult human females.

Maybe this is a special Citi card only designed exclusively for bankers, in which case it would make perfect sense of course. We would imagine however that only taxpayer bailout cash would be used for female purchases. Anything less would just be uncivilized.

More: http://www.zerohedge.com/news/get-citi-rewards-card-buy-women

Lifeboat Hour – 08/05/12



from Progressive Radio Network » Lifeboat Hour | Progressive Radio Network http://prn.fm/2012/08/05/lifeboat-hour-080512/?utm_source=rss&utm_medium=rss&utm_campaign=lifeboat-hour-080512

05 August 2012

Mitt Romney’s Lie On Obama and Military Voting

The latest big lie from Mitt Romney is a false claim that Obama is suing to prevent members of the military from voting early in Ohio. USA Today reported what the suit is really about:

Rob Diamond, director of veterans and military family voting for the Obama campaign, said Romney is fabricating his claim: “The Obama campaign filed a lawsuit to make sure every Ohioan, including military members and their families, has early voting rights over the last weekend prior to the election.”

Obama political adviser David Axelrod, appearing on Fox News Sunday, said Romney’s claims are “false and misleading,” and that the lawsuit is about “whether the rest of Ohio should have the same right” to early voting as members of the military.

“I think it’s shameful that Governor Romney would hide behind our servicemen and women to try and win a lawsuit to deprive other Ohioans of the right to vote,” Axelrod said.

It was believed after the 2004 election that an insufficient number of voting machines led to long lines in Democratic areas, suppressing the vote, and that if not for this problem Kerry might have beat Bush. It is therefore obviously in the interest of the Obama campaign to do everything possible to facilitate voting in Ohio.

[...]

There is little point in only bashing Obama or Romney,  when they both equally deserve the disapproval of the public. I only hope that someday the general population may finally accept that relying on the government to defend our rights is misplaced trust, as the government is the primary source of infringement upon those rights.

More: http://feedproxy.google.com/~r/liberalvaluesblog/MjjM/~3/hkdYgZA9WpY/

Kevlar Tires Now Required to Traverse ‘Spear-Like’ GMO Crops

The news surrounding GMO crops continues to get further and further outlandish as the crops are increasingly mutated and sprayed with a medley of harsh pesticides, herbicides, and insecticides. The latest news comes from an unlikely source — an automotive publication known as Autoblog. The website reports that farmers who have opted to plant Monsanto's genetically modified seeds have run into one daunting problem (outside of decreased yields and an extremely higher risk of disease): little 'spear-like' stalks from the harvested GMOs are absolutely wreaking havoc on the heavy duty tractor tires.

Described by one farmer as a 'field of little spears', farmers are now turning to kevlar tires. In case you're not aware, kevlar is the same material used in bulletproof vests to protect from gun bullets.

[...]

Read More At: http://theredpillguide.wordpress.com/2012/08/05/kevlar-tires-now-required-to-traverse-spear-like-gmo-crops/

04 August 2012

American Liberalism: The Infantile Disorder

"The approach of a great storm was sensed everywhere. All classes were in a state of ferment and preparation. Abroad, the press of the political exiles discussed the theoretical aspects of all the fundamental problems of the revolution. Representatives of the three main classes, of the three principal political trends -- the liberal-bourgeois, the petty-bourgeois-democratic (concealed behind "social-democratic" and "social-revolutionary" labels), and the proletarian-revolutionary --anticipated and prepared the impending open class struggle by waging a most bitter struggle on issues of programme and tactics. All the issues on which the masses waged an armed struggle in 1905-07 and 1917-20 can (and should) be studied, in their embryonic form, in the press of the period. Among these three main trends there were, of course, a host of intermediate, transitional or half-hearted forms. It would be more correct to say that those political and ideological trends which were genuinely of a class nature crystallised in the struggle of press organs, parties, factions and groups; the classes were forging the requisite political and ideological weapons for the impending battles."

The years of preparation for revolution (1903-05)

Left-Wing Communism: an Infantile

Disorder

V.I. Lenin

April-May, 1920

http://www.zerohedge.com/contributed/2012-08-04/american-liberalism-infantile-disorder

02 August 2012

FBI Agents Raid Homes in Search of “Anarchist Literature”

When FBI and Joint Terrorism Task Force agents raided multiple activist homes in the Northwest last week, they were in search of “anti-government or anarchist literature.”

800_portland-search-warrant-anarchist-literature.jpg original image ( 1536x2048)

The raids were part of a multi-state operation that targeted activists in Portland, Olympia, and Seattle. At least three people were served subpoenas to appear before a federal grand jury on August 2nd in Seattle.


In addition to anarchist literature, the warrants also authorize agents to seize flags, flag-making material, cell phones, hard drives, address books, and black clothing.
The listing of black clothing and flags, along with comments made by police, indicates that the FBI may ostensibly be investigating “black bloc” tactics used during May Day protests in Seattle, which destroyed corporate property.


If that is true, how are books and literature evidence of criminal activity?


To answer that, we need to look at the increasing harassment, surveillance, and prosecution of anarchists and political activists associated with the Occupy Movement.
I had no idea that anarchism was illegal...

In some cases, such as the May Day arrests in Cleveland, the FBI has been so desperate to arrests “anarchist terrorists” that it supplied them with bomb-making materials and used an informant to entrap them. The same thing happened in Chicago.


The motivation for these operations, and the instruction that “anarchist” means “terrorist,” is coming straight from the top levels of the federal government. As I recently wrote, new documents show that the FBI is conducting “domestic terrorism” training presentations about anarchists.


The FBI presentation described anarchists as “criminals seeking an ideology to justify their activities.”


This is the guilt-by-association mentality that is guiding FBI and JTTF assaults on political activists; if agents find “anarchist literature” in a raid, it is evidence of criminal activity because anarchism, in and of itself, is criminal activity.


The Seattle grand jury may or may not be investigating May Day protests. What’s clear, though, is that the grand jury is being used as a tool in this criminalization of those suspected as “anarchists.” Grand juries are secretive processes that are frequently used against political activists in order to acquire information. They are fishing expeditions. If activists refuse to testify about their personal beliefs and political associations, they can be imprisoned. Jordan Halliday, for example, was recently released after serving more than six months in prison (and being imprisoned once already for four months) for asserting his First Amendment and Fifth Amendment rights and refusing to provide information about the animal rights movement.


As one organizer with Occupy Seattle said after the raid: “…we are not being raided for connection to any crime, but to some political ideology that the police think we have.


“I was just doing research on the old Pinkerton strikebreaking paramilitaries, so it’s kind of funny, you know, to have that old Red Scare history burst through my front door at six AM.”


FBI Agents Raid Homes in Search of “Anarchist Literature” : Indybay