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Showing posts from November, 2014

The lesson of the first Thanksgiving: socialism kills

Reposted from 2010.  More relevant now, obviously. Long before Barack Obama and Elizabeth Warren were "fundamentally transforming" America, the first settlers had their own little experiment with socialism.

From Karl Denninger:
The first winter was disasterous - nearly half of the Pilgrims died of starvation, pneumonia and tuberculosis. Many claim that Bradford's first wife perished that first winter, but that is not quite true - she actually fell off the Mayflower quite close to land and drowned, never making it to Plymouth (he later remarried.)

During the first two years the colony lived under what could only be called Communism, enshrined in the Mayflower Compact. Each person was accorded a "share" of the totality of what was produced at the colony, and each person was expected to do their part in working toward the common good. The land, and that upon it, was owned by the colony as a collective.

It not only did not work out, it nearly killed them all.

Willi…

Best Bill Cosby impression ever!

Original footage courtesy of BBC: Seals raping penguins.

In exchange for Obama unilaterally ordering cuts to greenhouse gas emissions, China agrees to keep increasing emissions for 15 years

CNN's Matt Hoye is an idiot, mindlessly regurgitating White House talking points.
At the end of the APEC trade summit in China, U.S. President Barack Obama announced a climate change agreement with Chinese President Xi Jinping that would cut both countries' greenhouse gas emissions by close to a third over the next two decades.


Under the deal, the United States would cut its carbon emissions between 26-28% -- from levels established in 2005 -- by 2025. China would peak its carbon emissions no later than 2030 and would also increase the use of non-fossil fuels to 20% by 2030.


[...]


A senior administration official calls the goals both "ambitious and achievable," but also acknowledged that U.S. domestic politics could put a damper on the announcement. Saying "leading climate deniers" in the GOP might try to stop the initiative, the official hinted the President may act alone if necessary. China promising to do something 16 years from now in exchange for Obama…

21st Century's most prolific mass murderers agree: there's no substitute for gold

First it was bubble-blower extraordinaire and progenitor of his own prolific Body Count, Alan Greenspan.
TETT: Do you think that gold is currently a good investment?

GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it. Now it's Greenspan's fellow mass murderers ISIS (or ISIL, or IS, or Islamic State, take your pick):
ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins, it has emerged.

The Middle East terror group apparently wants to introduce its own Islamic currency as part of its attempts to solidify its makeshift caliphate.

Militants are said to want to bring back the original dinar, which is an ancient currency from early Islam, and religious figures in Mosul and Iraq’s Nineveh province have apparently announced its return in mosques.

The currency known as the dinar, which once consisted purely of gold a…

Usually it's the other way around

Californians want to slit their wrists

Image
Wow.

Check out the map of people's life satisfaction by city.



There's obviously a huge weather effect, with people being much happier in the sun belt and miserable in the cold northeast, but California manages to create misery even with the country's best weather and beautiful geography!





Therefore, it will not happen?

GOP Senate Takeover Would Put Fed Under Microscope
A Republican takeover of the U.S. Senate on Election Day would promise increased political turbulence for the Federal Reserve.

Financial executives say a GOP-led Senate would ratchet up congressional scrutiny of the central bank's interest- rate policies as well as its regulatory duties as overseer of the nation's largest financial firms. Republicans haven't controlled the Senate since before the 2008 financial crisis and recession, which put a spotlight on the Fed and its powers.

"If the Republicans take control of the Senate and thus have control of both the House and the Senate--two words for the Federal Reserve: Watch out," said Camden Fine, president of the Independent Community Bankers of America.

Leading the GOP wish list in dealing with the Fed would be legislation to open the central bank to more scrutiny of its interest-rate decisions, using congressional audits of monetary-policy matters that Fed offici…