Planned Parenthood Baby Parts Buyer StemExpress Wants “Another 50 Livers/Week”
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Much as Brazil is the poster child for the great EM unwind unfolding across emerging economies from LatAm to AsiaPac, Illinois is in many ways the mascot for America’s state and local government fiscal crisis.
Although well documented before, the state’s financial troubles were thrown into sharp relief in May when, on the heels of a state Supreme Court ruling that struck down a pension reform bid, Moody’s downgraded the city of Chicago to junk.
Since then, there’s been quite a bit written about the state’s pension problem and indeed, Reuters ran a special report earlier this monththat outlined the labyrinthine, incestuous character of the state’s various state and local governments.
On Friday, in the latest sign that Illinois’ budget crisis has deepened, Governor Bruce Rauner apparently fired “superstar” budget guru and Laffer disciple Donna Arduin who had been making some $30,000 a month as an economic consultant.
And while Illinois apparently found the cash to fork over six figures to Arduin for just four months of “work”, the budget stalemate means hard times for Illinoisans – including, apparently, lottery winners. The Chicago Tribune has more:
On August 9, 2014, 18-year-old Michael Brown stole several packages of cigarillos from a convenience store in Ferguson, Missouri.
Shortly after, he was shot by a white police officer, Darren Wilson. Ever since, the St. Louis suburb has been plagued by civil disorder at the heart of controversy over the systemic racism within police departments across the United States.
A local chapter of the national organization, Oath Keepers, has sparked additional controversy over its presence during protests in the city, as members patrolled the streets of Ferguson armed with assault rifles, legally permitted by the state of Missouri’s open carry law that allows individuals with concealed weapons permits to openly display firearms, unless it is done in an “angry or threatening manner.”
Recently the group has gained attention with the announcement a few weeks ago that they planned to arm protesters of color to demonstrate that gun laws and the freedoms granted by Missouri’s open carry law should be upheld without bias to race. According to Sam Andrews, the organization’s board of directors and founder Stewart Rhodes objected to holding the demonstration, causing Mr. Andrews and the rest of the members of his chapter to sever ties with the organization. Mr. Andrews cited the group YETI (You Exterminating Tyrant Ideology), will continue planning and executing the operation, working with a City of Ferguson liaison to ensure the demonstration doesn’t interfere with traffic and safety precautions are taken. Mr. Andrews also claims the Oath Keepers leadership has provoked several chapters across the country to splinter from the organization due to racist sentiments from its leadership.
President Obama announced on Sunday that Mount McKinley was being renamed Denali, restoring an Alaska Native name with deep cultural significance to the tallest mountain in North America.
The move came on the eve of Mr. Obama’s trip to Alaska, where he will spend three days promoting aggressive action to combat climate change, and is part of a series of steps meant to address the concerns of Alaska Native tribes.
The central Alaska mountain has been called Mount McKinley for more than a century. In announcing that Sally Jewell, the secretary of the interior, had used her power to rename it, Mr. Obama was paying tribute to the state’s Native population, which has referred to the site for generations as Denali, meaning “the high one” or “the great one.” The peak, at more than 20,000 feet, plays a central role in the creation story of the Koyukon Athabascans, a group that has lived in Alaska for thousands of years.
I wrote this on December 15, ARSH 2011, and, sure enough, as the markets descend into undeniable farce and total government/bankster manipulation that not even the most ignorant “civilian” can fail to recognize, I saw THIS STORY on ZeroHedge today about how the premium for physical bullion is exploding, which is precisely what my article describes.
Finally, a very simplistic explanation of how the cash commodity markets are soon going to decouple from the futures markets. This is a little complex, but stay with me. I think this is important to understand because none of us who have lived our whole lives in the U.S. have ever seen a market disintegrate.
The threat (or promise) of delivery upon expiration is what keeps the futures markets tethered to the cash markets. Up until now, if an unreasonably wide spread between the futures price and the underlying physical commodity market got too out of whack, a process called “arbitrage” would kick in. Arbitrage is when a party simultaneously buys and sells on two separate but related markets in order to capture an inefficient spread between those two markets.
I’m going to use precious metals as my example commodity because there are alot of metals guys reading this, and because the metals markets will be the big tell in term of when decoupling and thus total futures market disintegration is upon us. But these examples apply to all of the physical commodities.
by Robert Gore
Donald Trump has been a godsend to the punditry. Articles from all angles have analyzed his appeal, from: he’s a demagogue who appeals to the worst impulses of his supporters; to: he gives an honest voice to deep angst about America’s politics, politicians, and government. Most of the analyses say more about the analyzer than the analyzed, and this article will not be another addition to the pile. Rather, the Trump phenomenon exemplifies a dangerous and destructive proclivity to ignore the obvious, to pump in intellectual fog to obscure what should be clear, and to turn the straightforward into an incomprehensible jumble of complexity.
Trump’s slogan is: “Make America Great Again.” That means that America is no longer great, which is simply the truth. The US has gone heavily into debt and faces a demographic and fiscal nightmare as the baby boom generation retires and demands the benefits it has promised itself. Robbing Peter to pay Paul has destroyed Paul’s ability to provide for himself, and eroded Peter’s incentives to produce. Never-ending wars on poverty, drugs, and terrorism have promoted social pathologies, the growth of violent gangs, and blowback chaos and mass migration without putting a dent in poverty, drug use, or terrorism. A string of military forays stretching back to the Korean war have wasted US treasure and lives and have been at best, inconclusive, and at worst, outright defeats. The government has become a massive honeypot for the politically astute and connected. Race relations have reached a fifty-year low during the tenure of the first black president. The list goes on and on, but you get the idea. It has made matters far worse that the elite habitually lies about its incompetence and corruption.
Former Arkansas Governor Mike Huckabee recently said “Obama is marching Israelis to the door of the oven.” President Obama countered by saying that Huckabee’s comments were “ridiculous.”
While in the medical field in the military, I was required to watch a Morris Massey film entitled “What You Are is Where You Were When.” The thrust of the film was an attempt to establish that our views, biases, and overall perception of reality are formed when we are very young—and for the most part establish our views on life into adulthood.
Huckabee’s parents were Southern Democrats of the 1950s. His father worked as a fireman and mechanic, and his mother worked as a clerk at a gas company. Huckabee received a degree in religion and went to work for televangelist James Robison. Because of his religious education and his association with Robison, he views issues in terms of moral absolutes. Whether one likes Mr. Huckabee or not—he is not difficult to understand when he makes a statement.
Obama’s parents were a little different than those of Huckabee. His father was an African exchange student from Kenya and his mother a white student at the University of Hawaii. Obama senior had a pregnant wife and infant still living in the Luo tribe in Kenya when he married the three month pregnant Ann Durham. From the time of his birth in 1961 until 1971, there is no evidence to suggest that Obama Sr. had any interaction with young Barack.
Ms. Durham divorced Obama Sr. in January 1964 and then married Lolo Soetoro in 1965. Mr. Soetoro returned to Indonesia after his graduation from the University of Hawaii and Ms. Durham (Soetoro), along with young Barack followed him to Indonesia after her graduation. Mr. Soetoro, as well as Obama’s biological father was Muslims—and Obama Sr. gave Barack the Muslim name of Hussein. We have no way of knowing what kind of religious training and indoctrination young Barack received—but, since Soetoro and his family were Muslim—no doubt Barack had more than a casual exposure to the religion of Islam. After the fourth grade young Obama went to Hawaii to live with his grandparents.
Mr. Huckabee views the world in black and white and his moral absolutes do not allow him to consider different shades of gray. On the other hand, Mr. Obama was not exposed to Southern conservative views or fundamentalist Christian training. While Huckabee sat under the tutelage of Robison, Mr. Obama sat under the teaching of Jeremiah Wright—an angry anti-Semitic bombastic black preacher in Chicago who was forced to resign his pastorate position due to his anti-American comments. Now we know why Huckabee and Obama look at the world through different prisms.
Which one is correct with reference to the Iran nuclear deal? I have not read the agreement so I can’t comment on the specifics. But, since I was exposed to John Kerry when he was condemning his fellow military comrades—I have little faith in him as a human being. Also, Kerry’s trusted advisor in the Iran deal was also deeply involved in the North Korean nuclear negotiations—how did that work out for us?
Iran has steadfastly vowed to exterminate Israel (Jews). The problem is that half the world’s Jews live in North America. So if Iran is sincere in their threats of Jewish annihilation, they will have to kill more than half of them in the United States and Canada.
We have no clue what Mr. Obama believes with regard to religion. Nor do we know his views on the Jews or their survival. Since Mr. Obama came into office, he has shown little regard for Israel or its leadership, and the Israelis leaders seem just as impressed with him.
Considering that Mr. Obama needs some accomplishment, other than Obamacare, to justify some legacy for his eight years as president—he is highly motivated to get his name on an Iran deal. Kerry is hoping for a Nobel Peace prize. I have trouble trusting folks who are guided by their own ambitions! Huckabee is concerned regarding the continued welfare of the Jews and obviously has enough horse sense to believe what the Iranians say—I tend to agree with him.
Have a good week. Bill Shuey is a freelance writer from North Carolina.
Planned Parenthood Southeast on Friday filed a federal lawsuit over Gov. Robert Bentley’s effort to cut off Medicaid payments to the organization’s Alabama clinics.
The organization said Bentley’s effort penalizes low-income women who seek contraceptive and preventative health care services at the clinics. The lawsuit was filed in federal court in Montgomery. It accuses Bentley of violating a federal law that they said requires Medicaid patients to have their choice of provider to receive family planning care.
“We’re in court today because each and every patient, and her ability to make her own deeply personal and private health care decisions, matters,” said Staci Fox, president and CEO of Planned Parenthood Southeast.
While status quo-huggers are all too happy to point out gold and silver’s lack of utter exuberance amid this week’s carnage, perhaps they need to re-comprehend the difference between a heavily manipulated ‘paper’ market and the surging demand for physical precious metals that is evident in the 20-plus percent premium – and rising – being paid for silver bullion currently…
GRNC supporters have been receiving chain letter replies to their concerns about being searched while attending movies shown in Regal theater outlets.
“…backpacks and bags of any kind are subject to inspection prior to admission. We acknowledge that this procedure can cause some inconvenience and that it is not without flaws, but hope these are minor in comparison to increased safety.”
Regal considers their clear violation of patrons’ privacy a “minor inconvenience”, as if this is a trifling matter. Also troubling is their assertion that rendering innocent people defenseless in “gun free” theaters somehow makes them “safer”.
Unfortunately for movie goers, those intent on mass murder are more cunning than theater management. Even psychotic murderers will find no problem identifying dozens of obvious ways around Regal’s half-baked search policy. A sense of false security is arguably more dangerous than no security at all.
by Robert Gore
This is not an analysis of the natural gas market, but rather an explanation of why it’s price graph will be the shape of things to come, not just for natural resources, but for manufacturing and equities. At first, natural gas’s price rose even as a flood of capital was expanding production, precursor to what occurred in oil and other natural resources several years later. In a free market, speculative capital would have been attracted to the possibilities opened up by natural gas fracking. In a world in which central banks have for decades supplied more debt at cheaper interest rates than what would have prevailed in a free market, that flow of capital was amplified. Consequently, so too was the number of natural gas rigs put in operation, the amount of natural gas produced, and the subsequent crash in price. The same can be said for the progressions that came later in oil, iron ore, aluminum, coal, copper, and other extractive industries.