Monday, January 22, 2018

Build The Wall, Round'Em ALL Up, Send'Em ALL Back - Pronto!!!



DenverPost |  In October 2005, one month after Katrina ripped through New Orleans, a plainly agitated New Orleans Mayor Ray Nagin told a town hall audience, “I can plainly see in your eyes that you want to know, ‘How do I take advantage of this incredible opportunity?’ How do I make sure New Orleans is not overrun with Mexicans?” He referred to the fear of many blacks that contractors, with the federal government’s connivance, would skirt labor laws, snub needy black workers and recruit thousands of unskilled, Mexican workers to do the clean up and reconstruction work in New Orleans and the Gulf Coast.

The remark was insensitive and insulting. And within days an enraged United States Hispanic Chamber of Commerce denounced Nagin, “The Chamber will not allow inappropriate and offensive comments made by Mayor Nagin to deter the hardworking spirit of our community.”

The Chamber’s denunciation was more than a mere slap at him. It conjured up the positive image of Latinos as productive, taxpaying, law abiding and above all else, hard working. For years, the Chamber and nearly every major Latino business, political, educational, and civil rights group had lobbied hard to sell that image to millions of doubting and skeptical American born whites and blacks. And now with one mindless crack, Nagin had tarred that image. But observers at the town hall meeting also noted that the mostly black audience applauded his remarks. Their applause, Nagin’s quip, and the Chamber’s swift outrage, told much about the fear, hostility, misconceptions, and ambivalence that haunts black and Latino relations in America.

The rising tension that underlay the Chamber’s protest of Nagin was probably inevitable after the Census Bureau in 2002 publicly trumpeted that Latinos were now the top minority in the U.S. The news hit black America like a thunderbolt.

Sensing that the Census announcement and the press’s seemingly too eager rush to play the news up could ruffle racial feathers, and could be exploited by some to intensify racial friction and the ill-feelings of blacks toward Latinos, dozens of Latino academics, writers, and activists signed an “Open to Letter African-Americans from Latinos.” They passionately assured blacks that they would “combat the competitiveness” and “opportunism” of many that would seek to pit Latinos against blacks while minimizing the historic suffering of blacks and displacing them from the front running spot they still occupied in the struggle for justice and equality for justice. Writer Richard Rodriguez went even further and blasted federal demographers for malice and stupidity for blaring out that Latinos were now the number one minority. He saw this as a virtual conspiracy by the feds to further “trivialize” blacks and equally bad, to marginalize Latinos as a permanent minority.

The criticism from Rodriguez and assurances from the Latino letter signers was a welcomed effort. But it went largely unreported and unnoticed by blacks. Many blacks still complained that they would be shoved even further to the economic and political margin among minorities in the country. The Census report also showed that Latinos were widening their population growth gap on blacks. That gap will grow even wider in the coming years due to the higher birth rate of Latinos and the continued flood of new immigrants, both legal and illegal, from Mexico, El Salvador, Guatemala, Columbia and other Latin American countries.

The reality that blacks will lose even more ground in the numbers comparison to Latinos as fresh waves of immigrants come to America will likely stir more complaints from many blacks. Those complaints rose to a high pitch during the immigration debate in Congress and the mass immigrant rights marches in the streets in March 2006. Though polls showed that blacks were generally more favorable toward illegal immigrants than whites, the polls seemed wildly at odds with the sentiments that many blacks privately expressed on immigration. At the peak of the immigration debate, legions of blacks flooded black talk radio stations and posted angry notes on Internet sites bashing illegal immigrants. The attacks were often little more than a thinly disguised attack on Latinos. 

Black American Citizens Want And Need Immigration Laws Enforced


cis |  Of the 50 million low skilled adults (those 25 years of age and over) in the civilian labor force in 2007, black Americans accounted for about 5.6 million of such workers (or about 10 percent of the total). These black American workers, however, had the highest unemployment rates of any of the four racial and ethnic groups for which the data was collected. Black American adult workers without a high school diploma had an unemployment rate of 12.0 percent and those with only a high school diploma had an unemployment rate of 7.3 percent in 2007. These 5.6 million low skilled black workers accounted for one-third of the entire black labor force of slightly over 17 million workers.

Black youth (16-19 years old) also had the highest unemployment rate of any of the racial groups for whom data is collected. Their unemployment rate for February 2008 was an astounding 31.7 percent. These data are, of course, only for those still actively seeking employment and who are not institutionalized. They do not include those who have been discouraged from seeking employment because they feel it would not be worthwhile even to try to find a job under these conditions of high unemployment among their peers. Nor do they include any of the more than one million black youth and adults who are incarcerated in the nation’s penal system (often because on the inability to find regular employment).

Clearly, black American workers who are poorly skilled have the greatest difficulty finding jobs of all such workers similarly situated in the U.S. labor force.

Illegal Immigration and Black Workers
Illegal immigrant workers tend to concentrate in labor markets that have high concentrations of legal immigrants and citizens (native born and naturalized who are from similar ethnic and racial backgrounds). It is more difficult for authorities to identify them under these circumstances and they can rely on networks of friends and family members as well as other employers and community assistance organizations composed of members of their same backgrounds to find employment. As a consequence, there is a tendency for illegal immigrants to cluster in metropolitan areas (especially central cities) or in rural areas that already have concentrations of persons from similar backgrounds.
Black workers also tend to be concentrated in metropolitan areas – especially in central cities. The only rural labor markets where black Americans are of significant number are in the Southeastern states – a legacy of the slavery heritage of yesteryear.

Thus, it is not everywhere that there is likely to be significant competition between low skilled black workers and illegal immigrant workers but there are ample circumstances where there is – such as the large metropolitan labor markets of Los Angles, New York, San Francisco, Chicago, Miami and Washington-Baltimore. Moreover, some of the fastest growing immigrant concentrations are now taking place in the urban and rural labor markets of the states of the Southeast-- such as Georgia, North Carolina and Virginia which never before were significant immigrant receiving states in previous eras of mass immigration. Indeed, about 26 percent of the nation’s foreign-born population are now found in the states of the South – the highest percentage ever for this region. There is mounting evidence that many of these new immigrants in this region are illegal immigrants.

Because most illegal immigrants overwhelmingly seek work in the low skilled labor market and because the black American labor force is so disproportionately concentrated in this same low wage sector, there is little doubt that there is significant overlap in competition for jobs in this sector of the labor market. Given the inordinately high unemployment rates for low skilled black workers (the highest for all racial and ethnic groups for whom data is collected), it is obvious that the major looser in this competition are low skilled black workers. This is not surprising, since if employers have an opportunity to hire illegal immigrant workers, they will always give them preference over legal workers of any race or ethnic background. This is because illegal immigrant workers view low skilled jobs in the American economy as being highly preferable to the job opportunities in their homelands that they have left. A job that pays the federal minimum wage of $7.15 an hour (some states and localities have even higher minimum wages) is often several times higher than the daily wage they could earn in their homelands, if they could get a job at all. Even the worst working conditions in the United States are typically better than what many have experienced before they came to this country. 

Illegal immigrants, therefore, are often grateful to receive these low wages and they will do whatever it takes to get these jobs (even if it means living in crowded and substandard living conditions and working under harsh and dangerous conditions). It is also easier for some employers to exploit illegal immigrant workers by paying them less than the minimum wage and not paying them overtime wages because they are fearful of revealing their vulnerable status if they were to complain. Citizen workers know that paying the minimum wages means that the employer values your work at the lowest level that he/she can legally pay. Furthermore, citizen workers expect labor and safety laws to be enforced because they believe they have legal rights to job protections. It is not that citizen workers will not do the work that illegal immigrants are willing to do. Rather, it is that citizens often will not do the work for the same pay and under the same working conditions as will illegal immigrants – nor should they.

It is not that employers are evil in their willingness to give preference to illegal immigrants. It is that they are pragmatic in their decision making. Illegal immigrants are available because the federal government has chosen to do little to monitor the work sites of the nation. Seldom are any penalties placed on employers who violate the ban against hiring illegal immigrants working even though it has existed since1986. Moreover, because of this self-imposed impotence by the federal government, employers who try to follow the law are penalized because they must compete with employers who violate the law and benefit by paying lower wages and providing cheaper working conditions that are more profitable to these employer but hazardous to the illegal workers. The status quo, therefore, is a perversity of justice. Law breakers are rewarded while law abiders are punished.

Economists long ago have realized that there is no way to prove or to measure the job displacement of citizens by illegal immigrants. This is because when immigrants (including the large illegal immigrant component) move into a local labor market, citizens tend to move out. Mass immigration has affected the internal migration patterns of citizen workers. As they leave the area or as they dropout of the labor market because they cannot find jobs, immigrants move in to claim the jobs But there is no way to measure the loss since many of the victims are no longer in the local labor market.

As for wage suppression, all studies show that the large infusion of immigrants has depressed the wages of low skilled workers. It is the illegal immigrant component of the immigration flow that has most certainly caused the most damage but there is no way to isolate their singular harm. But even these studies most likely underestimate the true adverse impact because there is a floor on legal wages set by minimum wage laws that do not allow the market to set the actual wage level. What is known is that wages in the low wage labor market have tended to stagnate for some time. It is not just that the availability of massive numbers of illegal immigrants depress wages, it is the fact that their shear numbers keep wages from rising over time and that is the real harm experienced by citizen workers in the low skilled labor market.

What is apparent is that the unemployment rates in the low skilled labor market are the highest in the entire national labor force. This means that the low skilled labor market is in a surplus condition. Willing workers are available at existing wage rates. By definition, therefore, illegal immigrants who are overwhelmingly present in that same labor market sector adversely affect the economic opportunities of legal citizen workers because the illegal workers are preferred workers. No group pays a higher penalty for this unfair competition than do low skilled black Americans given their inordinately high unemployment levels

The willingness of policy makers to tolerate the presence of illegal immigrants in the nation’s labor force exposes a seamy side of the nation’s collective consciousness. Illegal immigrants – who themselves are often exploited even though they may not think so —are allowed to cause harm in the form of unemployment and depressed wages to the most vulnerable workers in the American work force.

Like A Replacement Negroe, Pocahantas Warren Lied, Cheated, and Benefitted


BostonGlobe |  She added: “When someone is pouring gasoline on a fire it’s always better to put the fire out. But, in this case, the Warren campaign thought it would burn itself out.”’

Marsh said that Brown’s campaign erred in overreaching on the issue. And Warren won that race by 7 percentage points, even as Obama carried the Bay State over Romney by more than 23 percentage points.

Warren says she believes these issues are in her past.

“These issues were extensively litigated in 2012 and I think the people of Massachusetts made their decision,” Warren said in her brief interview with the Globe this month. “I think what the people of Massachusetts and what voters are concerned about is the direction that Donald Trump is pulling this country.”

And Warren appears to be taking tentative steps to build ties to Native American advocates in Washington.

“I’d put her on a list of someone who is open and willing to listen and engage,” said Jacqueline Pata, executive director of the National Congress of American Indians, a Washington-based group supporting Native Americans.

But when asked if Warren has led any major legislative efforts for tribes, Pata demurred. “Not that I know of,” she said. “Nor do I believe we’ve asked that either.”

In December, Warren attended a rally in Washington led by the Gwich’in Nation and Inupiaq Tribe in December opposing a provision in the Republican tax bill that opens a portion of the Arctic National Wildlife Refuge to oil drilling.

In the Globe interview, Warren pointed to her broader agenda of working to reduce opioid addiction and substance abuse. “Its an extraordinarily seriously problem for Native Americans,” Warren said.
Warren said she has also pushed for a provision in an education bill that would require reporting on student performance by ethnicity, with an eye toward ensuring that Native American students are being monitored — though the provision also tracks other minorities and isn’t specific to American Indians.

She helped a tribe in Northern California protect water rights by helping in negotiations in a larger defense authorization bill, according to several with knowledge of the bill.

And she has sat down with the Cherokee Nation’s principal chief, Bill John Baker. In a statement, he described Warren as “very welcoming.”

He credited her for supporting a provision in the 2013 reauthorization of the Violence Against Women Act that lets tribal law enforcement prosecute non-natives accused of abusing American Indian women on reservations.

But perhaps ironically, it is Trump who may be doing the most to push Native Americans into Warren’s camp. Every time the president labels Warren as “Pocahontas,” she reacts swiftly, calling out the president for using what she terms a racial slur.

“She stands up to the racial slap,” said Smith, the former Cherokee Nation chief. “Anyone who stands up for Indian Country,” he said, “it endears her to me.”

Sunday, January 21, 2018

#ReleaseTheMemo: Is This The "Chess Not Checkers" Play?


threadreaderapp |   See the ridiculous construct of "Four Easy Ways" for the memo to be released is actually only TWO LEGAL ways? And one of those ways POTUS, would be against his own interests.

27. This is the kind of bullshit nonsense pushed out by people who: are disconnected, are intentionally trying to create chaos, and ultimately undermine just about all foundational principles of law and order. That's @ggreenwald !!
 
28. There is a solid plan in place, to expose the corruption within the FBI and DOJ, that has been constructed after months and months of careful consideration of all the angles.... that does shred the remaining threads of the U.S. constitution. 


29. That plan didn't begin with the Nunes memo; it began back in March 2017 when Nunes was trapped in the compartmented box of the intelligence network. ODNI Dan Coats and NSA Rogers began creating a pathway to get Nunes out of that trap.  


30. DNI Dan Coats *declassified and released* a highly critical FISA Court Ruling, based on Admiral Rogers prior work, and that strategic ODNI - FISC release laid the groundwork for Bob Goodlatte, Chuck Grassley and Michael Horowitz and Devin Nunes to get us where we are today.
 
31. The #ReleaseTheMemo effort is not a beginning stage, it is the mid-point in a series of steps that have been ongoing since March and April last year when Coats and Rogers got Nunes out of his IC conundrum.
 
32. I'll be damned if I'm going to watch idiots like @ggreenwald come up with ridiculous approaches now, that would likely allow the FBI and DOJ schemers to escape.

#ReleaseTheMemo: Don't Say It If You Didn't Mean It


tomluongo |  And you don’t declare war like this if you aren’t prepared for the biggest knock-down, drag-out street brawl of all time.  If you aren’t prepared for it, don’t say it.  And for the past year we’ve been left wondering whether Trump was 1) prepared for it 2) capable of pulling it off.

Trump’s continued needling of the establishment; playing the long game and demonizing the media which is the tip of the Shadow Government’s spear while strengthening the support of both the military (through his backing them at every turn) and his base by assisting them destroy the false narratives of globalism has been nothing short of amazing.

As a hard-core, jaded politico, I can tell you I never thought for a second he had the ability to what he’s already done.  But, as the past few months have pointed out, the real power in the world doesn’t rest with the few thousand who manipulate the levers of power but the billions who for years stood by and let them.

And those days of standing by are gone.

So, Trump cozying up to the military, cutting a deal with the military-industrial complex (MIC) has the Deep State now incentivized to fight the Shadow Government for him.  The tax cut bill, while a brilliant example of political knife-fighting, is fundamentally about shoring up the finances of the corporations that make up the MIC through the repatriation of foreign-earned income, lowering the corporate tax rate and stealing even more of the middle class back from the Democrats.

Trump had the right strategy from the beginning.  Civil Wars turn on what the police and the military do.  They are instigated by and fanned by the spooks, but it is the soldiers and the cops who decide the outcome.

And so here we are.

FISA, It’s Everywhere You Don’t Want it to Be 
Trump has called the Democrats’ and RINOs’ bluff on DACA and chain-immigration as a vote-buying scheme with zero political fallout.  He’s properly reframed the looming government shutdown on their inability to stick to their original agreements.

His much-maligned Justice Department is now rolling up traitors associated with Uranium One, pedophiles and human traffickers all over the country and preparing for a showdown with blue state governors and attorney generals over “Sanctuary” grandstanding.

By leading the charge, he gave strength to the patriots within both the Shadow Government and the Deep State organizations to leak the material needed to keep his campaign afloat.

And as each new thing drops at the most inopportune time for the political establishment mentioned ad nauseum in that final campaign ad linked above, you have to wonder just how big the revolt inside these organizations is.

Because, right here, right now, Trump can demand the release of this FISA memo and use it to torpedo the very thing that allowed the entire “Russia Hacked Muh Election” nonsense and send it back to the sh$&hole it was spawned from in the first place, the CIA and the DNC.

And if that means for a few months the FISA courts are inoperable while a new bill and a new set of rules is drafted so be it.

Saturday, January 20, 2018

Black American Citizens Are The Original Dreamers...,


strategic-culture |  Of the three Trumpish heresies from bipartisan orthodoxy, this is the most important. While for the establishment it ranks with foreign policy and is closely tied to it (“Invade the world, invite the world”), for Trump’s base is it head and shoulders above the other two. If not for his pledge to build The Wall and make Mexico pay for it, Trump never would have been the Republican nominee and won the presidency.

For the past week the American media and political class have been in a tizzy over precisely what scatological term Trump may have used in a closed-door White House meeting over DACA (“Deferred Action on Childhood Arrivals,” Obama’s so-called “Dreamers”) and immigration policy generally, including funds to build The Wall. (There evidently is some question of whether the second syllable was “hole” or “house.”) Is this the worst word ever uttered in a non-public meeting in the Oval Office? At least nobody claims Trump said whatever it was he said like Lyndon Johnson, perched on the presidential throne.

Trump’s real offense was less the word itself than its implication that certain Countries ABCD are horrible places to live, while other Countries WXYZ are quite the opposite. And since Countries ABCD are pretty much full of black and brown people, and Countries WXYZ are almost exclusively the abodes of white and yellow people, he’s a racist for noticing the difference. Hence, the media and Trump’s critics’ frenzied repetition of the R-word word, as though it were a sort of magical incantation that at some point will cause him to crumble into dust.

There are over seven and a half billion people inhabiting this orb of woe. Probably somewhere in the range of 90 percent of them would dramatically improve their lives if they left where they are and moved to the United States. Aside from the clear benefit to the Democratic Party in welcoming spanking new voters, how does it profit the American nation to import mobs of impoverished and uneducated people to drag down wages, especially in low-paying job categories, and to consume a disproportionate share of public benefits?

Keep in mind too that because a very high proportion of migrants in this category would be considered “minorities” under US law, they and their progeny would immediately qualify upon arrival for affirmative action status in hiring and education. What kind of idiot country imports foreigners and then discriminates in their favor against the natives? For what purpose – to offset historical wrongs to which the newcomers were never victim?

How Has The Replacement Negroe Program Helped Black American Citizens?


wikipedia |  The Immigration and Nationality Act of 1965 (H.R. 2580; Pub.L. 89–236, 79 Stat. 911, enacted June 30, 1968), also known as the Hart–Celler Act,[1] changed the way quotas were allocated by ending the National Origins Formula that had been in place in the United States since the Emergency Quota Act of 1921. Representative Emanuel Celler of New York proposed the bill, Senator Philip Hart of Michigan co-sponsored it, and Senator Ted Kennedy of Massachusetts helped to promote it.

The Hart–Celler Act abolished the quota system based on national origins that had been American immigration policy since the 1920s. The 1965 Act marked a change from past U.S. policy which had discriminated against non-northern Europeans.[2] In removing racial and national barriers the Act would significantly, and unintentionally, alter the demographic mix in the U.S.[2]

The new law maintained the per-country limits, but also created preference visa categories that focused on immigrants' skills and family relationships with citizens or U.S. residents. The bill set numerical restrictions on visas at 170,000 per year, with a per-country-of-origin quota. However, immediate relatives of U.S. citizens and "special immigrants" had no restrictions.[1]

Shut Down Gubmint and #ReleaseTheMemo



foxnews |  A four-page memo circulating in Congress that reveals alleged United States government surveillance abuses is being described by lawmakers as “shocking,” “troubling” and “alarming,” with one congressman likening the details to KGB activity in Russia.

Speaking with Fox News, the lawmakers said they could not yet discuss the contents of the memo they reviewed on Thursday after it was released to members by the House Intelligence Committee. But they say the memo should be immediately made public.

“It is so alarming the American people have to see this,” Ohio Rep. Jim Jordan said.

“It's troubling. It is shocking,” North Carolina Rep. Mark Meadows said. “Part of me wishes that I didn't read it because I don’t want to believe that those kinds of things could be happening in this country that I call home and love so much.”

Florida Rep. Matt Gaetz said he believed people could lose their jobs after the memo is released.
“I believe the consequence of its release will be major changes in people currently working at the FBI and the Department of Justice,” he said, referencing DOJ officials Rod Rosenstein and Bruce Ohr.
“You think about, ‘is this happening in America or is this the KGB?’ That's how alarming it is,” Pennsylvania Rep. Scott Perry said.

 

Friday, January 19, 2018

"Bad" Speech Moving Elites To Censor Interwebs Like Porn and Silk Road Never Could...,


Wired |  Mark Zuckerberg holds up Facebook’s mission to “connect the world” and “bring the world closer together” as proof of his company’s civic virtue. “In 2016, people had billions of interactions and open discussions on Facebook,” he said proudly in an online video, looking back at the US election. “Candidates had direct channels to communicate with tens of millions of citizens.”

This idea that more speech—more participation, more connection—constitutes the highest, most unalloyed good is a common refrain in the tech industry. But a historian would recognize this belief as a fallacy on its face. Connectivity is not a pony. Facebook doesn’t just connect democracy-­loving Egyptian dissidents and fans of the videogame Civilization; it brings together white supremacists, who can now assemble far more effectively. It helps connect the efforts of radical Buddhist monks in Myanmar, who now have much more potent tools for spreading incitement to ethnic cleansing—fueling the fastest- growing refugee crisis in the world.

The freedom of speech is an important democratic value, but it’s not the only one. In the liberal tradition, free speech is usually understood as a vehicle—a necessary condition for achieving certain other societal ideals: for creating a knowledgeable public; for engendering healthy, rational, and informed debate; for holding powerful people and institutions accountable; for keeping communities lively and vibrant. What we are seeing now is that when free speech is treated as an end and not a means, it is all too possible to thwart and distort everything it is supposed to deliver.

Creating a knowledgeable public requires at least some workable signals that distinguish truth from falsehood. Fostering a healthy, rational, and informed debate in a mass society requires mechanisms that elevate opposing viewpoints, preferably their best versions. To be clear, no public sphere has ever fully achieved these ideal conditions—but at least they were ideals to fail from. Today’s engagement algorithms, by contrast, espouse no ideals about a healthy public sphere.


Scott Free Never Was...,


WaPo |  President Trump apparently had an affair with a porn star while his model wife was home with their newborn son. No surprise there. Keeping the affair out of the newspapers before the 2016 election reportedly cost him $130,000, around a measly 0.004 percent of his claimed net worth of $3.1 billion — nothing to him. The fact that you might be unsettled by this news also means nothing to him. Trump is impervious to scandal and immune to social censure. He is insulated from consequence by power, money and fame in a way not imaginable to the ordinary person. He is the freest man alive.

Americans like to think we invented freedom, but we really only extended it to an absurd conclusion in the person of Trump. The ancients had their version of freedom, and they were as fiercely protective of it as we are of ours. For Plato, people are free when they are fully in control of themselves, with their self-mastery uninhibited by passions or appetites. Much the same for Aristotle, who saw freedom in rational, intelligent self-direction. On that foundational principle, they and the other worthies of the ancient world formed the idea of democracy as a system balancing equality and responsibility, for, as Aristotle wrote, “where absolute freedom is allowed, there is nothing to restrain the evil which is inherent in every man.” How right he was.

Plenty of history came between the ancient experiments with democracy and ours. Saint Augustine of Hippo and Saint Thomas Aquinas, though separated by centuries, took more or less the same view: People are naturally inclined to desire goodness and truth, and whatever gets in the way of that pursuit makes us less free. In the late Middle Ages, that thread began to unravel. By the modern era, it was thoroughly frayed. 

Farcical Never Trump Panel Featuring William Kristol and Pat....,


NYTimes |  The Times editorial board has been sharply critical of the Trump presidency, on grounds of policy and personal conduct. Not all readers have been persuaded. In the spirit of open debate, and in hopes of helping readers who agree with us better understand the views of those who don’t, we wanted to let Mr. Trump’s supporters make their best case for him as the first year of his presidency approaches its close. We have also published some letters from readers who voted for Mr. Trump but are now disillusioned, and from those reacting to these letters and our decision to provide Trump voters this platform.


Thursday, January 18, 2018

Ol'Stankazz Crypto-Bishes...., De-Dollarize Deeze Nutz!!!



Strategic-Culture |  It is probably too early for the common man to understand what is happening, but in fact the dollar is depreciating in relation to some more tangible assets. But gold continues to be corralled by parallel financial mechanisms and other financial instruments created for the sole purpose of manipulating the financial markets on which the common man depends in search of modest gains. As with others, the gold market suffers from the combine power of the US dollar, centralized financial institutions and market manipulation. Entities such as the FED (and their owners), criminally colluding and working with private banks, hedge funds, rating agencies and audit companies, have made immense wealth by driving the world into a debt scam that has stripped normal citizens of their future.

What is happening in the cryptocurrency markets in not only occurring in parallel with the spread of the Internet, smartphones and the increasing ability to operate in the digital world, but is also seen as a safe haven from centralized financial regulators and central banks; in other words, from the dollar and fiat currencies in general. Whether bitcoin will prove to be a wise long-term investment is yet to be seen, but the concept of cryptocurrencies is here to stay. The technology behind the idea, the blockchain, is a definitive model for decentralized economic transactions without any intermediary that can manipulate and distort the market at will. It is the antidote to the debt virus that is killing our society and spreading chaos around the world.

Washington is now left to deal with the consequences of its demented actions against its geopolitical adversaries. The decision to remove Iran from the SWIFT system, and the ongoing economic war against Russia and Venezuela, have pushed the People's Republic of China to obviate any direct attacks on its financial system by creating an alternative economic system. The goal is to warn the United States and her allies that an economic alternative exists and is already operational, ready to be opposed to the Euro-American system if necessary. Washington does not seem to want to renounce the role of manipulator and ruler of world speculative finance, and the obvious result of this is the creation of a financial system that is slowly working against the current one. Lack of anonymity and the centrality of systems seem to be the two fundamental elements of the current financial system that orbits around London and Washington. An anonymous, decentralized and technologically reliable system could be exactly what Washington's geopolitical adversaries have been looking for to end the US-Dollar hegemony.

You Imagine An Unplanned 4500% Increase In Market Capitalization?



Fool |  What is blockchain technology?
Blockchain is the digital and decentralized ledger that records all transactions. Every time someone buys digital coins on a decentralized exchange, sells coins, transfers coins, or buys a good or service with virtual coins, a ledger records that transaction, often in an encrypted fashion, to protect it from cybercriminals. These transactions are also recorded and processed without a third-party provider, which is usually a bank.

Why was blockchain invented?
The main reason we even have this cryptocurrency and blockchain revolution is as a result of the perceived shortcomings of the traditional banking system. What shortcomings, you ask? For example, when transferring money to overseas markets, a payment could be delayed for days while a bank verifies it. Many would argue that financial institutions shouldn't tie up cross-border payments and funds for such an extensive amount of time.

Likewise, banks almost always serve as an intermediary of currency transactions, thus taking their cut in the process. Blockchain developers want the ability to process payments without a need for this middleman.

What are its prime advantages over current networks? 
So, what does blockchain technology bring to the table that current payment networks don't? For starters, and as noted, it's decentralized. That's a fancy way of saying that there's no central hub where transaction data is stored. Instead, servers and hard drives all over the world hold bits and pieces of these blocks of data. This is done for two purposes. First, it ensures that no one party can gain control over a cryptocurrency and blockchain. Also, it keeps cybercriminals from being able to hold a digital currency "hostage" should they gain access to transaction data.

Second, removing the middleman from the equation and working around the traditional banking system should allow for smaller transaction fees. What's unclear is if lower fees would mean cheaper fees for the consumer, or just bigger profits for businesses deploying blockchain technology.

Third, and maybe most important, blockchain offers the potential to process transactions considerably faster. Whereas banks are often closed on the weekend, and operate during traditional hours, validation of transactions on a blockchain occur 24 hours a day, seven days a week. Some blockchain developers have suggested that their networks can validate transactions in a few seconds, or perhaps instantly. That would be a big improvement over the current wait time for cross-border payments.

Bitshit: BUY! BUY! BYE!


ibankcoin |  Crypto currency Bitconnect (BCC) plunged from $321 to a tad over $35 today, a drop of more than 86% after regulators from state authorities issued cease and desist letters for unauthorized sale of securities. That’s right. Just because your shit is on the blockchain, that doesn’t mean you get to solicit your fucking Ponzi scheme to people in America. State regulators will have something to say about that.
Via the company’s website, as per the reasons for shutting down.
The reason for halt of lending and exchange platform has many reasons as follow:
The continuous bad press has made community members uneasy and created a lack of confidence in the platform.
We have received two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division. These actions have become a hindrance for the legal continuation of the platform.
Outside forces have performed DDos attacks on platform several times and have made it clear that these will continue. These interruptions in service have made the platform unstable and have created more panic inside the community.
Price action.
What did Bitconnect do? They quite literally ran a Ponzi scheme. Look at one of their brochures, promising investors 40% returns, PER MONTH.
Via Tech Crunch:
Many in the cryptocurrency community have openly accused Bitconnnect of running a Ponzi scheme, including Ethereum founder Vitalik Buterin.
The platform was powered by a token called BCC (not to be confused with BCH, or Bitcoin Cash), which is essentially useless now that the trading platform has shut down. In the last The token has plummeted more than 80% to about $37, down from over $200 just a few hours ago.
If you aren’t familiar with the platform, Bitconnect was an anonymously-run site where users could loan their cryptocurrency to the company in exchange for outsized returns depending on how long the loan was for. For example, a $10,000 loan for 180 days would purportedly give you ~40% returns each month, with a .20% daily bonus.
Bitconnect also had a thriving multi-level referral feature, which also made it somewhat akin to a pyramid scheme with thousands of social media users trying to drive signups using their referral code.
The platform said it generated returns for users using Bitconnnect’s trading bot and “volatility trading software”, which usually averaged around 1% per day.
Of course profiting from market fluctuations and volatility is a legitimate trading strategy, and one used by many hedge funds and institutional traders. But Bitconnect’s promise (and payment) of outsized and guaranteed returns led many to believe it was a ponzi scheme that was paying out existing loan interest with newly pledged loans.
The requirement of having BCC to participate in the lending program led to a natural spike in demand (and price) of BCC. In less than a year the currency went from being worth less than a dollar (with a market cap in the millions) to a all-time high of ~$430.00 with a market cap above $2.6B.
Lenders into the Bitconnect Exchange have revealed the company is closing out accounts, issuing BCC in exchange for their dollars — which is causing the price to plummet.

Wednesday, January 17, 2018

A Governor Tailor-Made, Hand-Picked, and Fully Funded By Missouri Elites...,


CounterPunch |  Beneath the surface of meanness by the political elite are the needs of corporate masters who anoint them to be our leaders.  An essential characteristic of twenty-first century capitalism is unending war to complete the pillaging of resources from every corner of the Earth.  Those wars are best carried out by politicians who hate not just their opponents but everyone around them.  An economically destructive system encourages, molds and rewards those individuals who are most vile to their fellow humans.

Though Greitens is currently being investigated by St. Louis Circuit Attorney Kim Gardner, it is not  clear if criminal charges will be filed.  While local press are on his trail like a hound dog, the still unidentified woman who reports being tied up, photographed and blackmailed is currently protecting her identity by not pressing charges.  Missouri Republicans are saying it is “too early” to tell if the entire affair will blow over.  Greitens, who admits to an extramarital affair while denying taking a photo for blackmail, is going to each GOP legislator and personally apologizing for the Trump-like insults that he hurled at them during the first year of his reign.

Also disturbing is the revelation that before his election Greitens had reserved “Greitens for President” websites, revealing the ego-maniacal core of his soul.  Before the bondage scandal,  Republicans across the country were eyeing Greitens.  They could still end up thinking that someone who could escape prosecution for terrorizing a woman and glorify gun-toting and union-smashing would, in fact, have what it takes to be their man for the white house.

What could be more frightening?  It’s the possibility that Greitens would lose a presidential race to a Democrat who was worse.  Isn’t it time to put aside the fantasy that demonstrating the contemptible nature of a Republican somehow proves that a Democrat is “better?”

Your Elites Are Like A Parasite About To Kill Its Host


oxforduniversitypress |  At the centre of the modern theory of credit rationing, as observed at the macro level, are banks—a critical institution which was missing from DSGE models. This was a particularly peculiar omission because, without banks, there presumably would be no central banks, and it is the central bank’s conduct of monetary policy that is central in those models. The fact that credit is allocated by institutions (banks), rather than through conventional markets (auctions) is an important distinction lost in the DSGE framework. Greenwald and Stiglitz (2003) model banks as firms, which take others’ capital, in combination with their own, obtaining and processing information, making decisions about which loans to make. They too are by and large equity constrained, but in addition face a large number of regulatory constraints. Shocks to their balance sheets, changes in the available set of loans and their expectations about returns, and alterations in regulations lead to large changes in loan supply and the terms at which loans are made available. Variations in regulations and circumstances of banks across states in the US are helping validate the importance of variation in the supply conditions in banking in the 2008 crisis and its aftermath.38

Given how long it takes balance sheets to be restored when confronted with a shock of the size of that of 2008, it is not surprising that the effects persisted.39 But they seem to have persisted even after the restoration of bank and firm balance sheets. That suggests that this crisis (like the Great Depression) is more than a balance sheet crisis. It is part of a structural transformation, in the advanced countries, the most notable aspects of which are a shift from manufacturing to a service-sector economy and an outsourcing of unskilled production to emerging markets; for developing countries, the structural transformation involves industrialization and globalization. Not surprisingly, such structural transformations have large macroeconomic consequences and are an essential part of growth processes. DSGE models are particularly unsuited to address their implications for several reasons: (a) the assumption of rational expectations, and even more importantly, common knowledge, might be relevant in the context of understanding fluctuations and growth in an agricultural environment with well-defined weather shocks described by a stationary distribution,40 but it cannot describe changes, like these, that happen rarely;41 (b) studying these changes requires at least a two-sector model; and (c) a key market failure is the free mobility of resources, especially labour, across sectors. Again, simple models have been constructed investigating how structural transformation can lead to a persistent high level of unemployment, and how, even then, standard Keynesian policies can restore full employment, but by contrast, increasing wage flexibility can increase unemployment (see Delli Gatti et al., 2012a,b).


Tuesday, January 16, 2018

Religion and Money


gurdjieffclub |  To reflect on the relationship of religion to money, there is no better starting-point than "to go beyond time." In returning to the origin of the question, we may find a grain of truth and thus turn towards the remedy for an otherwise intractable problem. Countless volumes have appeared about the Church's attitude to war and sex but very little has been written about money.

William Desmonde shows1 that in some ancient cultures money was used as a symbol to replace food in sacrificial communion rituals. Participation in the meal implied a bond of loyalty with other members of the group and signified also entering into a covenant with the deity. Each communicant received a particular portion of the sacrificial flesh corresponding to his standing in the community. When money of different denominations began to be used in place of the portions of food, the establishment of a contractual; relationship between two individuals at first retained traces of the original bond of religious loyalty among participants in the same communion, with impersonal bargaining replacing the patriarchal redistribution of foods among the brotherhood.

In any case, there is good reason to suppose that money was originally a sacred device created by religious authority to facilitate the exchange of necessities in an expanding society. It was intended to be a means of recognizing that human beings have individual property rights and at the same time that no human being or family is self- sufficient. In support of this theory, Rene Guenon states2 that coins of the ancient Celts are covered with symbols taken from Druid doctrine, implying direct intervention of the Druid priests in the monetary system.

Given the sacred origin of money, solutions to the problem of religion and money on this level can never be found. A solution is achievable only through reinstating the individual's relationship to money within the whole scale of his spiritual studies and strivings, that is, through re-educating him to regard money transactions as a measure of his individual human relationships. For, like everything existing, money is a vital part of life on the planet and is worthy of respect, of course at its proper level. True religion views everything, including money, in relation to universal laws. In showing us our dependence on each other, money acts to remind us of these laws. The only thing wrong with money is our present view of it. This is what needs to be studied and understood.

Where to begin? It stands to reason that such a program of re-education cannot begin with the masses, who, in the last analysis, are not concerned with human values except in terms of physical survival.

Nor can much be expected from the many studies of money that are being made on the psychological level, although these may serve as useful shocks to our customary unconscious attitudes towards accumulation and waste. For example, Freud noted that in the modern Western world, the language of people of different nationalities is a mirror of their typical attitude to money. Germans earn money, Italians find it, the French gain or win it, the English have it or possess it, Americans make it. Freud pointed out also a common tendency among the clergy of his time to look on money as dirty, you mustn't touch it. He detected here some similarity to their attitude to sexual relations and even hinted at a direct connection between the problems of money and sex.

Who Owns/Controls/Profits By Perpetual Conflict and the War Economy?

Courtesy of: Visual Capitalist