Category Archives: self

Libertarians: revenge of the nerds!

In my travels across this great land of ours, I’ve had the fun and sometimes not-so-fun occasion to stumble across this chasm of human oddity. In these travels, I’ve met more scientifically gifted minds in libertarian circles (computers, finance, world’s smallest political quiz takers, and for Carl Milstead the world’s most retro) than in government officials.

Anecdote: I once pub crawled with The Lakewood city fire chief whose one of many priorities was securing funds for a faster boat during the epic downturn of recent yore. He was a proper chap though and just wants to do his job as best as he understands the system presented to him.

Inappropriate Anecdote: Somewhere along the line at one of the seedier bars with stovetop shoved in a closet gigs, I had the worst urge to manifest porcelain and expel the terrible gut-wrenching fiasco of fully digested nachos and previous night’s round of beers. All without recourse to a proper bathroom. I truly felt bad for the stranger who walked in while the devastation of a slight buzz and lack of giving a fuck gave way to absurd relief.

Where was I, not on human oddity, but the libertarian nerd. see more…

( -)-(- )Comments Off

We Will Watch the Watchers

On August 13th Ademo Freeman was convicted by a jury on 3 counts of felony wiretapping because he recorded phone conversations with pubic officials without the consent of said officials. While Ademo did violate the NH wiretapping law, the NH law violates federal court precedent. Last year the 1st Circuit Court ruled that filming public officials while on duty is a “basic and well-established liberty safeguarded by the First Amendment.”

The 1st Circuit Court ruling was cited by a judge in Illinois as a “persuasive authority” for ruling on similar cases. Specifically, the case of Michael Allison, who had been convicted of five counts of felony eavesdropping and sentenced to 75 years in prison. The Illinois law makes it a felony to record a conversation without consent of ALL parties involved, regardless of the circumstances. Allison’s troubles began when he recorded his encounters with police who were seizing cars from his front yard. Allison then attempted to record his court appearance and was arrested for supposedly violating the Judge’s privacy. However, there is good news for Mr. Allison, another Judge (David Frankland) dismissed the charges against Michael Allison and ruled, “A statute intended to prevent unwarranted intrusion into a citizen’s privacy cannot be used as a shield for public officials who cannot assert a comparable right to privacy in their public duties… Such action impedes the free flow of information concerning public officials and violates the First Amendment right to gather information.”

Last fall, a Chicago jury acquitted a woman for secretly recording a conversation with police regarding a sexual harassment complaint she was attempting to file against the department. This past spring, Illinois Judge Stanley Sacks dropped a case against Chris Drew and ruled that the law was too broad and potentially criminalized “wholly innocent conduct.” Among the abuses hypothesized by the judge: the prosecution of a parent who recorded her child’s soccer game and inadvertently captured a conversation between two bystanders.

Illinois along with New Hampshire are two of the dozen states that require all party consent for recordings. This restriction makes it a crime, in many circumstances, to attempt to hold pubic officials accountable.

I’m reminded of the quote from Plato “We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.”

On August 15th I spoke to a New Hampshire House subcommittee and recommended the committee introduce a bill to modify RSA 570-A:2 so that the term “all parties” is replaced with “at least one party.” and include the phrase “It is neither invasion of privacy nor wiretapping nor eavesdropping to record a telephone conversation if a party to the conversation.”

I concluded by stating the Legislature should bring New Hampshire law in compliance with federal court precedent which states, “filming public officials while on duty is a ‘basic and well-established liberty safeguarded by the First Amendment’.” And said, the Legislature “can bring New Hampshire’s law into compliance the easy way, through legislation; or the hard way, through the courts. If the law is not changed through the State Legislature, I am tempted to challenge the law in federal court myself and I’m willing to record phone conversations with every Legislator in the State of New Hampshire if that is what it takes to bring about this much needed change in state law.”

( -)-(- )Comments Off

Gary Johnson’s underdog narrative

In a most recent web video/ad entitled “Job Boom” Gary Johnson once again personally delivers another spoken dialogue imploring Americans to vote for him before the two-party system completely mucks everything up. I’m happy to finally see a Libertarian Party presidential candidate doing a substantial job of taking control of their own narrative and talking directly to people about the real economic and liberty issues. But at the end of the day I’ll admit he needs to go a lot further to win that superficial gay female vote.

Booyah.

( -)-(- )Comments Off

The Childishness of Presidential Election 2012

In early August the Presidential election slipped to a new low. It began when Barack Obama said, “He’d ask the middle class to pay more in taxes so that he could give another $250,000 tax cut to people making more than $3 million a year. It’s like Robin Hood in reverse — it’s Romney-hood.”

Romney countered by saying, “We’ve been watching the president say a lot of things about me and about my policies. They’re just not right. If I were to coin a term it would be ‘Obamaloney.’ He’s serving up a dish which is just simply in contradiction of the truth.”

It’s not bad enough that either man made such silly statements, I find it worse that the statements have become major news stories. A search on Google News showed over 36,000 results for “Romneyhood” and roughly 4,000 results for “Obamaloney.”

This is the most childish Presidential election I can remember, but the mudslinging is not as bad as it’s been in the past. I recall learning of some fairly low-brow elections from the 1800′s, mainly the 1884 election between Grover Cleveland and James G. Blaine. While the attacks were fairly childish, in my opinion, they were put together much more eloquently and in a way that sounded intelligent. The Cleveland campaign put together a poem referencing Blaine’s involvement in unethical business deals with the railroad industry and his behavior after they were exposed. “Blaine, Blaine, James G. Blaine, The Continental Liar from the State of Maine.” The Blaine campaign responded with an equally childish poem “Ma, Ma, Where’s my Pa, Gone to the White House, Ha, Ha, Ha.” This poem reminded voters that Cleveland was alleged to have fathered a child out of wedlock.

In 2004 Walter Shapiro of USA Today wrote of the mudslinging in the 1988 campaign, “George H.W. Bush benefited politically from an explosive independent ad that featured Willie Horton, a black rapist released from prison under a furlough program championed by his Democratic rival, Massachusetts Gov. Michael Dukakis. The coded message in that vicious commercial, which used a photograph to highlight Horton’s race, directly played on white fears of crime.
Such racist scare tactics are as unlikely today…”

While I’m not aware of any racist scare tactics, scare tactics are alive this election season, as well. Priorities USA Action, a pro-Obama super PAC, released an attack ad – which has not actually aired and owes its notoriety to media coverage – effectively blaming Mitt Romney for the cancer death of a laid-off steelworker’s wife. The ad features Joe Soptic, who lost his job and his health benefits after Romney’s Bain Capital closed the GST Steel plant in Kansas City, Kansas in 2001. What the ad fails to mention is that Soptic’s wife had health insurance through her job until she quit in 2002 or 2003 due to an injury. The ad also fails to mention that she died in 2006, a full 5 years after he was laid-off. The ad is designed to paint Romney as a vulture-capitalist, but there is a subtle hint that universal health care, something promoted by both major party candidates, would have kept his wife alive.

Instead of getting pulled into the distraction that is Presidential election 2012, I encourage you to get involved at the State or local level. This could be as simple as writing a letter to the editor of your local paper in support of your favorite candidate or something more involved like lobbying your State Legislators to pass legislation reducing the size, scope and/or power of the government on at least one issue.

( -)-(- )1 comment

Wikipedia locks possible VP pages after Colbert joke

Politico: “The pages of Tim Pawlenty, Rob Portman, Paul Ryan, Marco Rubio, Bobby Jindal, Chris Christie and (following yesterday’s Drudge bump) David Petraeus have been locked after Colbert, citing a Fox News report about the jump in revisions to Sarah Palin’s page in 2008, encouraged viewers to ‘go on Wikipedia, and make as many edits as possible to your favorite VP contender.’”

This comes on the heels of a report earlier this week by Micah Sifry: “None of Wikipedia entries for the current candidates being bandied about by Romney-watchers — Rob Portman, Marco Rubio, Paul Ryan, Bobby Jindal, Chris Christie, Kelly Ayotte or Pawlenty — are currently showing anything like the spike in edits that Cyveillance spotted on Palin and Biden’s pages back in 2008. But most of those came in the 24 hours prior to the official announcement.”

Stephen Colbert of course deserves full credit for throwing the monkey wrench in Wikipedia when he told viewers: “We could be looking at Vice President Season Six of Buffy-the-Vampire Slayer. So, Nation, let your voice be heard in this history decision. Go on Wikipedia, and make as many edits as possible to your favorite VP contender.”

Sifry responds: “Oh well, I guess we all just pushed the needle deeper into the haystack.”

( -)-(- )Comments Off

Gary Johnson’s latest ad pitch

Fraught with source-less public opinion numbers, Gary Johnson’s latest ad is positive affirmation that he’s 100% on your side of the composite voter survey. With that kind of message, it can’t hurt that the video style leans towards Apple, but with awkwardly obvious b-roll clips (is that Dick Cheney sipping wine and gazing into the sea?).

Johnson will need to turn all that issue agreeing into impressive crowd mojo and increased fundraising if he’s going to claim the media spotlight as the non-duopoly contender.

( -)-(- )Comments Off

The cornucopian case for oil and next gen energy

Brian Wang at Next Big Future provides a ten-point list on the U.S. energy situation that should help put to bed the belief that we’re running full speed off the energy cliff (he also makes a strong case for more nuclear research).

Here’s some ridiculously high numbers of untapped oil in the U.S.:

10. Assigning estimated barrels of oil to various basins and shale oil plays plus including an estimate of yet to be discovered shale oil, I came to an estimate of oil in place. Oil in place in the continental US is from about 3 trillion to 5 trillion barrels of oil not including the 4.5 trillion barrels of oil shale.

1.53 trillion barrels Piceance Basin of Colorado (USGS, June 2011 oil shale)
1.44 trillion barrels Green River formation (USGS, June 2011 oil shale)
1.32 trillion barrels for the Uinta Basin of Utah and Colorado. (USGS, June 2011 oil shale)
260-500 billion barrels Monterey Formation (tight oil)
271-503 billion barrels Bakken Formation (tight oil)
etc…

Aggressive use of new fracking technology and combined with fire flooding and water flooding could enable 20-30% recovery rates. Large amounts of the Oil shale is likely recoverable with fire flooding. So 6.5 trillion to 9.5 trillion barrels of oil, with 20-30% recovery rates is 1.3 to 2.8 trillion barrels of oil. Oil Shale like in the Green River Formation cannot be recovered with horizontal drilling. It will require fire flooding or some other likely insitu method.”

Our current global burn rate is estimated to be 85-90K barrels per day. Doing some back of the napkin math — 1.3 trillion barrels of oil from the U.S. alone would last the entire world well over 39,000 years at current consumption levels.

Even accounting for a world population that consistently expands, it’s a solid cornucopian case for oil.

( -)-(- )Comments Off

Rand Paul to speak, endorse Romney at GOP convention

Hammer of Truth has learned that Kentucky Senator Rand Paul has made the cut to speak at the week-long event held in Tampa Florida beginning, according to an announcement by Republican National Committee chairman Reince Priebus. The announcement comes just a few days after news that Congressman Ron Paul — Rand’s father and erstwhile presidential candidate — would be barred from speaking. A side rally dubbed “Paulfest” is officially being organized by Paul supporters outside the Tampa Bay Times Forum as a protest by the Paul campaign at the University of South Florida’s Sun Dome.

Rand Paul is already the libertarian favorite for 2016 should Romney fail to oust Barack Obama. We’ve been informed by sources inside the Paul campaign and D.C. Republicans that Rand Paul will be endorsing Mitt Romney (again) and that there’s virtually no chance that he’ll be picked for the VP slot.

Regardless of party politics playing an apparent role, Rand is one of two speakers newly selected — Rick Santorum was announced at the same time — that shows the 2012 GOP Convention is not a completely closed tent affair to the vociferous votes of libertarian or christian evangelicals.

After showing their primary clout in sinking Romney’s favorability ratings enough for several losses, it was wise not to exclude them.

Update: Added clarification on details of Ron Paul’s rally.

( -)-(- )Comments Off

Romney negative on Fed’s QE3 intentions

Once again we can partially agree with Romney, though it’s painfully obvious he’s just been listening to Ron Paul’s fiscal conservatism and wants to hitch a ride on that political undercurrent. From CNN:

“I am sure the Fed is watching and will try to encourage the economy. But I don’t think a massive new QE3 will help the economy,” Romney said, referring to a program called quantitative easing.

While July’s just-released jobs figures showed the public sector taking a major beating, Romney repeated his belief that a government stimulus program is not the right course, saying the first one did not work and “expecting a different result is, as famously said, the definition of insanity.”

It’s a testament to Ron Paul’s vigorous House actions to audit the Federal Reserve that this is even being brought up on the campaign trail, much less by the same guy who less than six months ago claimed credit for the structured bankruptcy nature of the ill-fated U.S. auto maker bailouts: see more…

( -)-(- )Comments Off

Economic Death Spiral

If I said an economist said that the American economy was heading into a “death spiral,” most people would likely think I was referring to Peter Schiff, Bob Murphy or someone from the Mises Institute. They would be wrong. Reuters reports Richard Duncan, formerly of the World Bank said, “After a four-decade-long, $50 trillion expansion of credit, if credit now begins to contract, the debt-deflation death spiral of the kind described by Irving Fisher would destroy our civilization. Austerity is death.”

MoneyMorning.com is reporting that other mainstream economists are coming to similar conclusions. Laurence Kotlikoff, a former member of President Reagan’s Council of Economic Advisers estimates the true fiscal gap is $211 trillion when unfunded entitlements like Social Security and Medicare are included.

Duncan added, “Private sector debt has already started to contract a little bit, and if it were not for these trillion-dollar budget deficits by the U.S. and most other governments, topped up by a whole lot of paper money creation, we would have already spiraled into a new Great Depression.”

It seems Duncan is advocating for and against government spending and inflation. He argues, “many people who agree with the Austrians believe we should just now take our medicine and allow the system to adjust. But I don’t think they realize how harsh the medicine would be.” He adds that slashing government spending would immediately lead to a new depression. Duncan concludes, “We can take advantage of this opportunity and borrow and invest at 1.5 percent interest or we can collapse into a depression. Those are our options. Be imaginative and brave or fail because of our past mistakes.”

I like his proposal to “be imaginative and brave” and believe that we should learn from past mistakes. However, I do not believe that more government spending will solve the problems caused by government spending. Duncan’s approach seems akin to a doctor telling a bleeding patient “in order to stop the bleeding, we must make another cut.”
Whether Duncan is right or wrong about how to proceed, the economy will eventually collapse. The question is not “How do we stop it?” The question is “Are you prepared?”

When the economy collapses, everyone will need to know how to barter, hunt, gather, grow and store food and water. I know I’m not ready for the collapse, but I’m preparing. Are you?

( -)-(- )1 comment

DIY: Digital printer makes lower receiver for gun, cheap

The replicators on Star Trek can’t be far now, except it’s not food the budding tinkerers are thinking about making, it’s guns:

HaveBlue’s custom creation is a .22-caliber pistol, formed from a 3D-printed AR-15 (M16) lower receiver, and a normal, commercial upper. In other words, the main body of the gun is plastic, while the chamber — where the bullets are actually struck — is solid metal.

The lower receiver was created using a fairly old school Stratasys 3D printer, using a normal plastic resin. HaveBlue estimates that it cost around $30 of resin to create the lower receiver, but “Makerbots and the other low cost printers exploding onto the market would bring the cost down to perhaps $10.” Commercial, off-the-shelf assault rifle lower receivers are a lot more expensive. If you want to print your own AR-15 lower receiver, HaveBlue has uploaded the schematic to Thingiverse.

HaveBlue tried to use the same lower receiver to make a full-blown .223 AR-15/M16 rifle, but it didn’t work. Funnily enough, he thinks the off-the-shelf parts are causing issues, rather than the 3D-printed part.

While this pistol obviously wasn’t created from scratch using a 3D printer, the interesting thing is that the lower receiver — in a legal sense at least — is what actually constitutes a firearm. Without a lower receiver, the gun would not work; thus, the receiver is the actual legally-controlled part.

Yes, it’s technically an illegal gun until he registers it. But as inventors like this keep pushing the boundaries of possibility in DIY weaponry, attempts to regulate and control firearms have definitely run into a new wrinkle.

For ways to have your own Maker Bot to construct future guns for you, just follow the handy instructions. I’m guessing we’ll eventually get around to the replicators that take voice commands for food only after we’re able to shoot them if they don’t comply (or tries to poison us).

( -)-(- )Comments Off

Obama batting diplomatically against Turkey

August is largely considered a slow news month in political circles, so it’s interesting that the biggest story is about a photo of Obama holding a baseball bat while talking to Turkish Prime Minister Tayyip Erdogan (yeah, that guy is so getting his Google love on right now).

Here’s the photo causing so much heartache among pundits:

From CNN: “White House Press Secretary Jay Carney was asked about the photo on Tuesday and promised get some answers but so far nothing.”

“The photo is getting quite a bit of attention in overseas publications wondering about “hidden messages” or the “symbolic meaning” of the president holding the baseball bat.”

A variant of the story has been circulated by most major news outlets, but the White House remains tight-lipped as always as this is obviously a nice way to let the Chicago-bred politician have a meaningful prop for the media to speculate over… instead of how many “official” trips were made on Air Force One during July that also doubled as fundraising or campaign trips on the taxpayer’s dime (this is called “the real issue” folks, look it up).

I don’t see the problem here. I short, we should be happy he’s making $10 phone calls to handle the office — baseball bat in hand — instead of flying out to Turkey and realizing there was no chicken dinner fundraiser on the way.

( -)-(- )Comments Off

One Step Closer to an Audit of the Fed

Representative Ron Paul is now closer than ever to getting something he’s wanted since he was first elected to Congress, a full audit of the Federal Reserve. The Federal Reserve Transparency Act sailed through the House of Representatives by a vote of 327-98. This is the second time this bill has passed the House, although it is the first time it passed as a stand-alone bill.

Fox News reports, “But lost in the bipartisan revelry was the fact that eight co-sponsors of the legislation actually voted against it… The eight House Democrats who switched their stance on the issue without an explanation find themselves in good company, with Senate Majority Leader Harry Reid also pulling off a mystifying pivot.

In 2010 and 1995, Reid boasted that he had tried in vain to pass legislation to audit the Fed. The Nevada senator, however, is now refusing to bring the bill, which would fulfill his self-professed yearning, to a Senate vote.”

Angel Clark writes, “Perhaps seeing the overwhelming support the H.R. 459 received in the House of Representatives made Reid wary of the Federal Reserve Transparency Act passing.”

Exactly what would happen if the Senate voted on and passed the bill to audit the Fed?

In 2009 Jim Babka of DownsizeDC presented five possibilities:

Outcome #1: The audit is ignored.
The FED is a complex operation, and the audit will reflect that. There may be no soundbites that the media and the public can understand. The audit report may simply be ignored, and then forgotten.
Outcome #2: The FED gets a passing grade.
We can’t guarantee that the audit will tell us what we want, or that the auditors will even focus on the things we think are important. The audit will most likely be conducted by establishment insiders, not by people like us. The result could be the exact opposite of what we expect.
Outcome #3: The audit reports bad things, but nothing is done about it.
We think this is the most likely result. In the 1980s the Grace Commission found massive examples of government waste and fraud, but nothing was ever done about it. Instead, the problem just got worse. People may pay attention to the audit, just as they did the Grace Commission, but that doesn’t mean real change will happen.
Outcome #4: The auditors report big problems, and Congress decides to fix the FED.
This may sound like the result we want, but it could be the worst outcome. We want to end the FED, not have Congress micro-manage it.
Imagine what would happen if money creation was a partisan political power. Imagine the consequences if a single branch of government, Congress, could both spend money, and create it.
Have you ever watched a Financial Services Committee hearings on C-Span? It’s frightening. I hate the FED, but Lord, please, don’t let these people control our money supply!
Outcome #5: The auditors report horrifying things, and Congress decides to close the FED.
This is what we want , but it’s the least likely result. This outcome would only happen if there was a huge army pressuring Congress to make it happen.

While I would be thrilled to see the Federal Reserve audited and/or abolished, I won’t hold my breath. Instead, I’ll do everything possible to make the Fed irrelevant to my life.

( -)-(- )Comments Off

Romney’s staff doesn’t know how to spell Bain Capital

In what is probably the most under-reported campaign website gaffe of the 2012 presidential election, we’ve learned that between Mitt Romney’s digital staff of well over 80, none of them were able or willing to correct a glaring mistake in tagging posts. The most recent “error” takes place as recently as a couple weeks ago.

Here’s a snapshot of the tag results page for Bain Capitol, with 10 results:

And here’s a snapshot of the tag results page for Bain Capital, with 0 results (and an error to boot):

Now of course there’s an argument to be made that the auto-complete feature in many CMS platforms may have played a role in the company name faux pas, but with such a large web team overseeing all that’s published, I’m willing to bet ($10,000 fucking dollars, yo) that this is an intentional misspelling to further confuse Romney’s time at Bain.

UPDATE 8/29: The Romney campaign has added correct Bain Capital tags to two posts with the correct spelling in addition to the “o” variant. So that’s two semi-corrections and eight still tagged wrong. Ahh, corporate bureaucracy in action.

( -)-(- )Comments Off

Ice T throws down libertarian wisdom on gun control

During an interview with a news station in London, rapper and actor Ice T was able to coolly and calmly explain the fundamental reasons not to knee-jerk towards gun control every time some idiot gets it in their mind to kill a bunch of people for attention (which they get, in spades). The kicker: Ice T was being filmed while news of the shooting was just breaking across the pond.

I’m a bit conflicted on Ice T, because on one hand he’s had a rich history of criminal activity with guns (a lot of which he escaped earthly judgement for), on the other he seems to have a great deal of expertise to share on the subject of guns and terrorism psychology because of it.

“I’ll give up my gun when everybody else does.” Agreed.

( -)-(- )Comments Off

House deliberates H.R. 459 under hour before postponing

21:49 EDT: House adjourned for the day. Evidently the stalling tactics will continue until morale improves.

20:40 EDT:

You can catch a C-SPAN video of the bill being introduced and supported — including a very fiery speech by this Lakewood resident’s very own Dennis Kucinich (D-OH) and of course Ron Paul (R-TX) himself — starting around the 41 minute mark.

17:14 EDT: Looks like it’s going to be a late night in D.C. as we watch (and read) the Federal Reserve Transparency Act of 2011, A.K.A. the Audit the Fed bill, slowly makes its way through the sausage grinder democratic process:

Time Bill Activity
3:07:54 P.M.
The Speaker announced that votes on suspensions, if ordered, will be postponed until a time to be announced.
3:10:00 P.M. H.R. 459
Mr. Issa moved to suspend the rules and pass the bill, as amended. H.R. 459 — “To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States before the end of 2012, and for other purposes.”
3:10:12 P.M. H.R. 459
Considered under suspension of the rules.
3:10:16 P.M. H.R. 459
DEBATE – The House proceeded with forty minutes of debate on H.R. 459.
3:40:00 P.M.
MOMENT OF SILENCE – The House observed a moment of silence in memory of Officer Jacob J. Chestnut and Detective John M. Gibson of the United States Capitol Police.
3:41:00 P.M. H.R. 459
DEBATE – The House resumed debate on H.R. 459, as amended.
4:01:29 P.M. H.R. 459
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

Less than an hour and then poof, to the back of the bus behind a bill on allowing child labor on farms and another expanding oil drilling. We’ll be updating this post once the bill comes back on the floor. It is expected to pass the House with “292 votes if everyone shows up”, and make its way to the Senate.

15:07 EDT: H.R. 459 Introduced by Darrell Issa (R-CA).

( -)-(- )Comments Off

Kim Dotcom’s new strategy: singing

I don’t know whether to laugh or cry at Kim Dotcom’s latest musical public appeal in the ongoing extradition and copyright case against MegaUpload, but props for giving the C-G-Am-F chords a very polished run through in this video aimed at Occupiers, Anonymous and Barack Obama himself.

Fun sidenote: If you’re the president and you’ve somehow managed to alienate New Zealand officials enough that they won’t visit, you’re doing a terrible job.

( -)-(- )Comments Off

Ben Bernanke Prepares for QE3

Ben Bernanke is at it again. It appears the Fed Chairman is preparing for a third round of bond purchases (quantitative easing or QE3) that will further inflate the U.S. Dollar. Reuters reports Bernanke told the Senate Banking Committee during the semi-annual monetary policy report the economic recovery was being held back by anxiety over Europe’s debt crisis and the path of U.S. fiscal policy. He also expressed concern over the stagnant job market.

Since December 2008 the Fed has held overnight borrowing costs near zero and has bought $2.3 trillion in government and mortgage-related debt to keep long-term interest rates artificially low. The Fed promised to hold rates at rock bottom levels until at least 2014.

Bernanke told lawmakers it was essential to find a way to avoid the “fiscal cliff” of sharp spending cuts and tax hikes that are scheduled to take place in the United States at the start of next year, warning it could tip the already weak economy into a recession. The Washington Post reports if Congress can’t resolve its budget impasse before the year ends. The “[c]uts in taxes on income, dividends and capital gains would expire. So would this year’s Social Security tax cut and businesses tax reductions. Defense and domestic programs would be slashed. And emergency benefits for the long-term unemployed would run out.”

Bernanke also told lawmakers the central bank was considering a range of tools it could employ to help the economy but he hewed closely to the message of watchful waiting that the central bank’s policy panel delivered in June. “Reflecting its concerns about the slow pace of progress in reducing unemployment and the downside risks to economic growth, the committee made clear at its June meeting that it is prepared to take further action.”

When asked about the possibility of QE3 Kate Ager, with Ladies in Keene, said, “I would prefer to use alternative currencies or barter instead of using Federal Reserve Notes (FRN’s).”

There are several alternatives to the FRN. In Keene, NH people have begun using 1/10th ounce and half ounce silver bars. These pieces of silver are even accepted by several businesses in the city. Other alternatives include Shire Silver, dime cards and silver, copper and gold rounds minted by the AOCS.

I realize it is not possible for everyone to completely avoid using the FRN, however it’s worth the effort to convert as much as possible to the use of honest money!

( -)-(- )1 comment

Campaigning on the Floor of Congress

In mid-July the Republican-led U.S. House of Representatives voted for the 33rd time to repeal the Patient Protection and Affordable Care Act. Before the vote, Speaker of the House John Boehner said, “The intent of the president’s health care law was to lower costs and to help create jobs. … Instead, it is making our economy worse, driving up costs and making it harder for small businesses to hire.”

The Washington Examiner reports, “There was never any doubt that Republicans had the votes to pass the repeal in the House on Wednesday – or that it would die in the Senate, where Democrats possessed more than enough strength to block it.”

Rep. Ron Barber (D-AZ), who was elected to fill the seat vacated by Gabrielle Giffords, said the GOP-inspired repeal legislation was a charade and showed the House “cares more about political grandstanding than in getting things done.” This vote was criticized by some as “campaigning for Romney” on the floor of Congress. I agree this is campaigning on the floor of Congress, however I do not believe it is unprecedented.

Since this action by Republicans was criticized as campaigning; I’m curious whether the same people would accuse Harry Reid of “campaigning for Obama” every time he prevents certain bills from coming up for a vote? Was it campaigning when Nancy Pelosi brought forth a bill to enact “Cap and Trade?” Is it campaigning when any member of Congress requests earmarks that benefit their district?

I would say, “yes” and contend that every action by every member of Congress can be viewed as an act of campaigning on the floor of the Congress. Rep. Peter Roskam (R-IL) said before joining other Republicans in Wednesday’s House vote: “Here’s the good news. The voters get the last word in November.” The truth is most members of Congress are in “safe districts” and do need not worry about getting re-elected, as over 90% of Representatives consistently retain their seats.

( -)-(- )Comments Off

Campaign war rooms amp up, call each other liars

CNN’s David Frum is watching every press conference in the ongoing character assassination campaign:

And it was that “win the hour” mentality that got the Romney campaign into much more serious trouble when the Obama campaign launched a big push on Romney’s business record the next day.

Thursday morning, the Obama campaign released a tough ad attacking the record of downsizing and outsourcing at Romney’s old firm, Bain Capital.

The Romney campaign reacted with outrage. That same day, it announced a multimillion-dollar purchase of airtime for an ad that bluntly accused President Obama of lying.

In support of the ad, Romney’s team argued that he had left Bain Capital in February 1999; the incidents alluded to by the Obama campaign all occurred after that date and had nothing to do with Romney.

Wham. The first attack on Romney had been a jab, dropping Romney’s guard against the haymaker: On Friday, the Obama team counter-charged that it was Romney who was lying in his ads or who had committed a felony, lying on 140 official forms that he signed as CEO and sole shareholder of Bain between 1999 and 2002.

[...] Romney’s core problem is this: He heads a party that must win two-thirds of the white working-class vote in presidential elections to compensate for its weakness in almost every demographic category. The white working class is the most pessimistic and alienated group in the electorate, and it especially fears and dislikes the kind of financial methods that gained Romney his fortune.

Romney has a strong potential defense: Bain was in the business of making companies more efficient and profitable. Downsizing and outsourcing were necessary — and often indispensable — means to that end… However, it’s not an argument that appeals much to the voters Romney most intensely needs to win. Hence his unleashing of the war room — but in the end, there’s only so much a war room can do. And this time, by trying to do too much, the Romney war room may have blasted its own side with lethal friendly fire.

It’s hard to find voters that identify with either candidate at this point in what has been an overwhelmingly negative game of “hate-monger your opponent”.

Meanwhile, the U.S. Navy is conducting aggressive maneuvers against Iran with not a peep from either candidate (even Bush would have been politically smart enough to rub something like this in Kerry’s face by now).

( -)-(- )Comments Off

This political ad is just eight words long

Translation: The gauntlet is thrown down.

( -)-(- )Comments Off

New York City map of 2011 gun seizures

It’s the mothafuckin’ NYPD,
in the land of the mothafuckin’ unfree,
violating 685,000 of you me and… thee,
to get 770 dangerous guns off the streets.

Hit the baseline WNYC:

Mayor Michael Bloomberg and Police Commissioner Raymond Kelly argue the main purpose of stop-and-frisk is to get guns off the street. Out of more than 685,000 stops in 2011, about 770 guns were recovered. That means about one tenth of one percent of all stops result in the seizure of a gun.

But those guns are not showing up in the places where the police are devoting the most stop-and-frisk resources.

Using data from the New York City police department, WNYC mapped all street stops by police that resulted in the recovery of a gun last year. The digital map shows an interesting pattern. We located all the “hot spots” where stop and frisks are concentrated in the city, and found that most guns were recovered on people outside those hot spots—meaning police aren’t finding guns where they’re looking the hardest.

Hardest hit: the poorest areas of black and latino communities,
excuse my uncanny truth rhyming abilities,
I’m not an entitled man here to tax your facilities,
but fight this shit and I guarantee some tranquilities.

Prohibition does nothing but make a thing proliferate,
and so the net is clearly widening as we wait,
so why do we continue to vocally deliberate,
when all we need to do is re-liberate?

From Cleveland, with the Constitutional educate

( -)-(- )Comments Off

Kim Dotcom lays out ten “facts” about his case

From his twitter account, Kim Dotcom continues trying his legal battle in the court of public opinion by explaining the shams foisted upon him by the U.S. DOJ and their puppets in New Zealand:

Fact #1: All my assets are still frozen. I have no funds to pay lawyers & defend myself in the biggest copyright case in world history.

Fact #2: NZ courts ruled: Restraining order illegal. Search warrants illegal. But I still have no access to my files. Not even copies.

Fact #3: NZ court ruled: FBI removed my data from NZ illegally. But the FBI reviewed my hard drives anyway and didn’t send them back.

Fact #4: The DOJ argues in US court that I should not get a penny unfrozen for my defense cause I should be treated like a bank robber.

Fact #5: The DOJ argues in US court that I should not have the lawyers of my choosing because of a conflict of interest with rights holders.

Fact #6: There is no criminal statute for secondary copyright infringement in the US. The DOJ doesn’t care. Let’s just be creative.

Fact #7: Only 10% of our users and 15% of our revenue came from US users. Yet the DOJ argues in US court that all assets are tainted.

Fact #8: The DOJ told the Grand Jury that Megaupload employs 30 staff. In reality 220 jobs were lost because of the US actions.

Fact #9: The DOJ shut down several companies for alleged copyright infringement including N1 Limited – A fashion label making clothing.

Fact #10: The DOJ is charging us with Money Laundering and Racketeering cause Copyright Infringement isn’t enough for Extradition from NZ.

While it is very easily arguable that Megaupload and Megavideo were being used for copyright infringement at some level — something he’s acknowledged and had a response system in place to remove said infringing content — the DOJ’s response to the daily onslaught of Google/YouTube infringement claims in an entirely different manner can only explained as quid pro quo.

The unfortunate lesson: if you want to run a large internet company unmolested by Uncle Sam, you had better grease the right palms in DC.

UPDATE: According to a report last month from Stuff.co.nz, Dotcom is being denied access to evidence (except 40 pages of the prosecution’s “cherry-picked” items from over 22 million emails) as he fights the ongoing and financially exhaustive extradition battle, he has threatened to publish what little information has been released by the DOJ to his legal team to the public in a bid to win sympathy.

( -)-(- )Comments Off

9 / 151 pages of common sense14567891011121314