- PRIME DECEIT: THE JOY OF SUBVERSION! December 10, 2016
- She Said That? 12/10/16 December 10, 2016
- Insurance at Gunpoint is Sick and Evil, by Eric Peters December 10, 2016
- Government Bond and Mortgage “Carnage” Enters Sixth Week, by Wolf Richter December 10, 2016
- A Global Nuclear Winter: Avoiding the Unthinkable in India and Pakistan, by Conn Hallinan December 10, 2016
- Globalist war against humanity shifts into high gear: Cars, cash, literature and independent news all targeted for elimination, by Mike Adams December 10, 2016
- A Rising Stock Market Does Not Signal Economic Health, by Steven Horwitz December 10, 2016
- Cash Is No Longer King: The Phasing Out of Physical Money Has Begun, by Shaun Bradley December 10, 2016
- Critics of Islam on Trial in Europe: Wilders Convicted, by Guilio Meotti December 10, 2016
- LAUGHTER’S A POTENT WEAPON December 9, 2016
- He Said That? 12/9/16 December 9, 2016
- The Mainstream Media is Asking for a Government Bailout Via Censorship, by Michael Krieger December 9, 2016
- If Everything is so Bullish, Why Are Bank Insiders Dumping Their Shares at Record Pace? by Wolf Richter December 9, 2016
- Big Money Intends To Shut Down Our Website, by Paul Craig Roberts December 9, 2016
- Trump, Taiwan, and the Chinese Paper Tiger, by Justin Raimondo December 9, 2016
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SLL has featured Congresswoman Tulsi Gabbard (D., Hawaii) before, because she appears to be on of the few in Congress who tells the truth about what’s going on in the Middle East. Here she is, telling the truth again to CNN’s Jake Tapper:
Insurance has become an offer you can’t refuse. From Eric Peters on a guest post at theburningplatform.com:
There is nothing wrong with insurance … provided you can say no to it. Then it’s like any other thing you choose to buy.
Whether it makes sense to buy it – a subjective value judgment, by the way – isn’t the point. Exercise makes sense, too.
The point is – or should be – if insurance is something you want, or feel the need of – then you have the right to choose to buy it.
What you haven’t got is the right to force others to buy it – and thereby take away their free choice.
Insurance at gunpoint is dark and vicious. Anything that involves pointing guns at other people (who haven’t pointed a gun at you first) is necessarily a dark and evil thing. Someone – it doesn’t matter which specific individual does the wet work – is threatening to harm you unless you hand over money for something you do not wish to buy.
In ordinary language that’s a mugging.
Insurance at gunpoint is also an economic disaster. Not for the insurance company – which is really a mafia, because it uses force to coerce people to buy its services. It makes people an offer they can’t refuse. The insurance mafia makes a fortune. But the people who are forced to buy “coverage” get screwed.
Does this even need elaboration?
What happens to the price of anything when “customers” can’t elect not to buy that thing? Sure, there are different insurance “families.” You can “shop” the Gambinos (GEICO) or go with the Genovese (Allstate).
But you can’t say no.
To continue reading: Insurance at Gunpoint is Sick and Evil
The national debt is headed significantly higher, and so too are interest rates. The stock market likes Trumponomics, the bond market doesn’t. From Wolf Richter at wolfstreet.com:
Traders got even more nervous on Friday, after having been twitchy all Thursday, and they alleviated this condition by selling government bonds.
In July, government bonds were sitting ducks with their low yields, and perfectly ripe for a good plucking. This plucking has now proceeded relentlessly and has entered its sixth week in a row, after an already rough four months.
The price of the 10-year Treasury note swooned on Friday. The 10-year yield, which moves in the opposite direction, rose 6 basis points to 2.47%, the highest yield since June 2015. Since early July, the 10-year yield has jumped by 1.08 percentage points! That’s a 77% move (via StockCharts.com):
The 30-year Treasury yield jumped 7 basis points on Friday to 3.15%, the highest yield since June 2015, which elegantly crowns a 50% move in six month (via StockCharts.com):
US government bonds are considered among the most conservative investments in the world because they’ll never default. They will always get redeemed at face value since the government, via the Fed, can always print enough money to take that risk off the table, though the bonds’ purchasing power might get crushed in the process.
To continue reading: Government Bond & Mortgage “Carnage” Enters Sixth Week
Here’s a couple of facts that will surprise most people. Pakistan has between 110 and 130 nuclear warheads and will have 200 by 2020. India currently has between 110 and 120 nuclear weapons. The consequences of a nuclear war between them would be horrific for the entire planet. From Conn Hallinan at antiwar.com:
President-elect Donald Trump’s off the cuff, chaotic approach to foreign policy had at least one thing going for it, even though it was more the feel of a blind pig rooting for acorns than a thought-out international initiative. In speaking with Pakistani Prime Minister Nawaz Sharif, the New York Times reported, Trump said he wanted “to address and find solutions” to Pakistan’s problems.
And what big problems they are.
Whether Trump understands exactly how dangerous the current tensions between Pakistan and India are, or if anything will come from the November 30 exchange between the two leaders, is anyone’s guess. But it’s more than the Obama administration has done over the past eight years, in spite of the outgoing president’s 2008 election promise to address the ongoing crisis in Kashmir.
Right now that troubled land is the single most dangerous spot on the globe.
War, Famine, and Radiation
India and Pakistan have fought three wars over the disputed province in the past six decades and came within a hair’s breadth of a nuclear exchange in 1999. Both countries are on a crash program to produce nuclear weapons, and between them they have enough explosive power to not only kill more than 20 million of their own people, but also to devastate the world’s ozone layer and throw the Northern Hemisphere into a nuclear winter – with a catastrophic impact on agriculture worldwide.
To continue reading: A Global Nuclear Winter: Avoiding the Unthinkable in India and Pakistan
Globalist war against humanity shifts into high gear: Cars, cash, literature and independent news all targeted for elimination, by Mike Adams
Even if the globalists “win” their wars, we know that they will somehow have for themselves everything they’ve banned. From Mike Adams at naturalnews.com:
NaturalNews) As witnessed recently by the Washington Post’s horrifyingly dishonest “journalism” naming 200 independent media websites as pawns of Russian President Vladimir Putin, the dying establishment media is desperately trying to establish a news monopoly by discrediting all competing indy news publishers.
In doing so, the Washington Post (and its writer Timberg) just abandoned any last vestige of journalistic credibility. Now owned by Jeff Bezos of Amazon.com, the Washington Post’s willingness to prostitute its own credibility in an effort to destroy the independent media reveals something startling to the world: They’re desperate. Like a cornered, ravenous animal, the mainstream media is now fighting for its very survival and hoping it can eliminate all news alternatives before the public figures out how deeply they’ve been lying all long.
That description also applies to the globalists — nefarious manipulators of finance, technology and culture in order to achieve their selfish aims of world domination and depopulation. Following the BREXIT vote, the election of Donald Trump and the ending of the Renzi regime in Italy, the globalists are in full panic mode to regain control by eliminating every sector of freedom still remaining on our planet.
It’s all happening right now, day by day, played out in the pages of the New York Times. Here are the key areas where globalists have declared war on humanity (each is covered in more detail below):
1) The war on cash (freedom of commerce)
2) The war on automobiles (i.e. freedom of travel)
3) The war on the internet (freedom of expression)
4) The war on dissenting literature and news (freedom of information)
There’s also, of course, the war on your health, but that topic is so enormous it will have to covered in a separate article.
Steven Horwitz suspects that Trumponomics is just going to be another variant of crony socialism. From Horwitz at the Foundation for Economic Education, fee.org:
The headlines tell us that the Dow Jones is up around 1,000 points since Donald Trump won the election on November 8th. The conventional wisdom is that this shows how much confidence people have in Trump’s ability to generate a healthy American economy. The argument is that if people are willing to buy stock in American firms, this indicates their belief that those firms will see improving profits over the next few years. They then draw the conclusion that more profitable firms indicate a healthier American economy.
Things are not good or bad for the economy. They are good or bad for people.
Although this argument is correct about stock prices reflecting an increasing belief in the profitability of US firms, it makes a major error in assuming that profitable firms necessarily mean a better economy.
The Economy Isn’t A Thing
First, it’s important to understand that phrases like “a healthier economy” are themselves problematic. The “economy” is not the thing we should be concerned about. In fact, in some fundamental sense there’s no such thing as “the economy.” As Russ Roberts and John Papola memorably put it in the music video “Fight of the Century:”
The economy’s not a car.
There’s no engine to stall.
No experts can fix it.
There’s no “it” at all.
The economy is us
Things are not “good/bad for the economy.” They are good or bad for the people who comprise the market process, specifically in our capacity as consumers. All the economy amounts to is people engaging exchanges in order to better satisfy their wants. What we should care about is whether or not people are able to better satisfy those wants.
To continue reading: A Rising Stock Market Does Not Signal Economic Health