Freedom Caucus & Big Bang


Freedom Caucus

I have been warning that we are headed directly into the collapse of socialism; not capitalism, simply because politicians have been bribing people’s votes with all sorts of promises they never planned on providing. Social Security may have began as a good idea, but then the money was really just a tax and the fund was stuffed with government bonds denying the average person the very right to invest for his future as do the “rich” who make most money from investment – not wages.

The core of that crash and burn in socialism is pensions. The scheme of pensions when blended with politics is a lethal combination. Politicians are NEVER prosecuted for fraud. Had any employer promise what politicians did and then engaged in every scheme to circumvent it, they would be in prison or hung by a mob in the good old days of social justice. Today, we have politicians who are just so dishonest and they constantly feed the flames of class warfare to divert any responsibility for what they have done.

Examples are surfacing from every corner. In Ohio, beginning in 2019, retired cops and firefighters will no longer receive health care benefits through the Ohio Police & Firefighters Pension Fund. Instead will receive a stipend to buy coverage on the open market. Why? Because the stipend can be fixed, whereas health care costs keep going up more than 5% annually with no end in sight. Health care is bankrupting the economy and is totally out of control.

The Freedom Caucus, also known as the House Freedom Caucus, is a congressional caucus consisting of conservative and libertarian Republican members of the United States House of Representatives. It was the Freedom Caucus, that brought down John Boehner as the leader of the Republicans. They were the ones constantly blocking the increase in a debt ceiling. It was the Freedom Caucus who stopped the repeal of Obamacare, not because they agreed with it, but because they are ultra conservative trying to stop any new debt. Trump responded: “The Freedom Caucus will hurt the entire Republican agenda if they don’t get on the team, & fast,” in a tweet. He continued: “We must fight them, & Dems, in 2018!”

BIG BANG ECM 2015.75

Big Bang began in 2015.75, with the peak in government and everything has been turning down rapidly ever since with interest rates rising. Even Trump won the presidency effectively as a third party candidate from within the Republican Party. Nothing like that has ever happened in American Politics. Everywhere we look we see the world headed into more chaos with BREXIT and political insanity in Europe, to China regulating Bitcoin to stop the capital outflows.

The Freedom Caucus is out in never-never-land. While yes we are dealing with a debt crisis, their solution of blocking the debt ceiling increases and repealing Obamacare is frivolous. Why? Because it is just totally impractical. To block any increase in debt is to invite Big Bang, social unrest, and the high probability that the USA will be pushed into civil war (Special Report to be published soon). These types of measures will accomplish only bloodshed. We must begin the process of restructuring the entire system. Blocking payments and new debt is inviting the confrontation. It is not a realistic solution.

It is now just a question of when with Big Bang set in motion, when will the whole Socialistic mess erupt and how will the markets respond? We will be looking at Big Bang and how to Trade a Vertical Market at the Hong Kong World Economic Conference in May

Politicians – Courts – The Corruption of the Rule of Law in 1760s


Regulator Uprising 1771

William Tryon (1729-1788) was the Governor of North Carolina from 1765 to 1771 and the Province of New York from 1771 to 1780.  He is best known in North Carolina for his suppression of the Regulator Movement, which some see as a precursor of the American Revolution.  The Regulators were rebelling against increased taxes by Tryon as well as corrupt activities by tax collectors in the Piedmont and western part of the colony.

The War of Regulation sprung from a dramatic population increase in North and South Carolina during the 1760s, caused by a migration from the larger eastern cities to the rural west pressured by an economic decline. The rural section of the colonies were predominantly an agricultural economy. As merchants and lawyers began to move west, this began to alter the agricultural economy. This internal migration within the colonies was augmented by a new Scots-Irish migration to America who also sought to move into the rural region.

I have warned that allowing migration during a period of economic decline as has been taking place in Europe, is a highly dangerous mix. Here during the 1760s, the rural agricultural community was suffering from a deep economic depression caused by severe droughts throughout the previous decade. The farmers lost not merely their livelihood, but also their own direct food source. As income was cut off due to the crop failures, the farmers fell into debt. The merchants turned to the lawyers using the court to settle disputes. The debt defaults and the influx of lawyers increased the legal prosecutions more than 15 times. Where there had been just seven debt cases annually, this jumped to 111 in Orange County, North Carolina, alone.

Many court cases were being used to seize property. Farmers lost their homes and property to the lawyers and merchants and this fueled the animosity toward the migrants. The lawyers used the law to create an unjust advantage. The politicians were involved and this created the image of what people saw as a ‘courthouse ring’, with corrupt officials benefiting from the foreclosures.

The resentment built continuously and finally the framers rebelled and took up arms. This armed conflict erupted at the Battle of Alamance in 1771, where Tryon’s soldiers slaughtered the farmers.  Tryon even executed the leader and some were pardoned. Then, Governor Tryon raised taxes once again to pay for the conflict.

This resentment remained in the minds of the people. This is often considered to be a precursor to the American Revolution. Such lessons are important to understand. It is not history, it is a road map as to how human nature responds. Just change the names and the dates and what has taken place before unfolds once again.

McCain is sliding deeper and deeper into the swamp


Our nation’s political process is under siege and the coup is being led by the corrupt main stream media and the big government progressives on the left. The political cowards that make up the Republican establishment also deserve credit for their part in this attack on our freedom. It has become clear that the once peaceful transition of power enjoyed by our country no longer exists.

As he promised President Trump remains focused on making America great again. Economic confidence is soaring as the president repeals job killing regulations enacted by Barack Obama. Illegal border crossings are down 60% and sanctuary cities will finally be forced to pay for their crimes. With Neil Gorsuch ready to assume his seat on the Supreme Court our Constitution is more secure and the rule of law will once again prevail.

Having said that, President Trump should use caution when calling out the conservative wing of the House of Representatives. The media, the Democrats and the Washington establishment are his enemies, not the Freedom Caucus. These are principled members of Congress who were instrumental in delivering historic Republican victories in 2010 and 2014. They were early supporters of Donald Trump when the Republican establishment was nowhere to be seen. These are legislators who want their President to succeed and had nothing to do with the poorly written and ill-conceived health care legislation. What sense does it make to replace a horrible health care law, Obamacare, that is completely owned by the Democrats with a horrible health care law completely owned by Republicans. It would be a political blunder to let Democrats off the hook that easily.

The Freedom Caucus understands that they won’t end up with everything they want. They also understand that as a party they need to present something that actually repeals Obamacare. Why was there such a rush put on this all important legislation? Why the deadline and why no input from conservatives? This could eventually still be a win. Congress needs to get back to work and come up with a better deal for the American people.

The Freedom Caucus should be commended for the political courage they have displayed. Unlike the DC establishment these are not the folks that populate the swamp President Trump promised to drain. These are the patriots that will help him drain it.

Jeff Longo
North Royalton

Connecticut Set To Become First State To Allow Deadly Police Drones


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Connecticut could become the first US state to allow police to use drones equipped with deadly weapons if a bill opposed by civil libertarians becomes law. The bill, which was approved overwhelmingly by the state legislature’s judiciary committee on Wednesday, would ban so-called weaponized drones in the state but exempts police and other agencies involved in law enforcement, the AP reported. The legislation was introduced as a complete ban on weaponized drones but just before the committee vote it was amended to exclude police from the restriction. Connecticut Governor Dannel Malloy, a Democrat, was reviewing the proposal, “however in previous years he has not supported this concept,” spokesman Chris Collibee wrote in an email.

“Obviously this is for very limited circumstances,” said Republican state Sen. John Kissel, of Enfield, co-chairman of the Judiciary Committee that approved the measure Wednesday and sent it to the House of Representatives. “We can certainly envision some incident on some campus or someplace where someone is a rogue shooter or someone was kidnapped and you try to blow out a tire.”

The bill now goes to the House of Representatives for consideration. Details on how law enforcement could use drones with weapons would be spelled out in new rules to be developed by the state Police Officer Standards and Training Council. Officers also would have to receive training before being allowed to use drones with weapons.

North Dakota is the only state that allows police to use weaponized drones, but limits the use to “less lethal” weapons, including stun guns, rubber bullets and tear gas.

Currently five states – Nevada, North Carolina, Oregon, Vermont and Wisconsin – prohibit anyone from using a weaponized drone, while Maine and Virginia ban police from using armed drones, according to the National Conference of State Legislatures. Several other states have restricted drone use in general. So far, 36 states have enacted laws restricting drones and an additional four states have adopted drone limits, according to the National Conference of State Legislatures.

Meanwhile, concerns are growing about potential unchecked police brutality and death raining from the robotic skies: civil libertarians and civil rights activists are lobbying to restore the bill to its original language before the full House vote Reuters adds.

“Data shows police force is disproportionately used on minority communities, and we believe that armed drones would be used in urban centers and on minority communities,” said David McGuire, executive director of the American Civil Liberties Union in Connecticut. “We would be setting a dangerous precedent,” McGuire added. “It is really concerning and outrageous that that’s being considered in our state legislature. Lethal force raises this to a level of real heightened concern.”

“That’s not the kind of precedent we want to set here,” McGuire said of the prospect that Connecticut would become the first state to allow police to use lethally armed drones.

Others echoed McGuire’s concerns: “We have huge concerns that they would use this new technology to abuse our communities,” said Scot X. Esdaile, president of state chapter of the NAACP. Esdaile said he has received calls from around the country from NAACP officials and others concerned about the Connecticut legislation.

Three police departments in the state – Hartford, Plainfield and Woodbury – began using drones within the past year, according to the American Civil Liberties Union of Connecticut.

For now, however, the proposal is unlikely to unleash scenes out of some Robocop spinoff: The bill includes restrictions on drone use and reporting requirements that are supported by the ACLU.

It would require police to get a warrant before using a drone, unless there are emergency circumstances or the person who is the subject of the drone use gives permission. It also would require police to report yearly on how often they use drones and why, and create new crimes and penalties for criminal use of drones, including voyeurism.

Furthermore, final passage is not assured: although the bill overwhelmingly passed the Judiciary Committee, several members said they just wanted to see the proposal get to the House floor for debate. They said they had concerns about police using deadly force with drones. If Connecticut’s Democratic-controlled House passes the bill it will move to the Senate, which is split evenly between Democrats and Republicans.

“I think that police are taught one thing,” said Democratic Bridgeport Sen. Edwin Gomes. “You put a weapon in their hand, they shoot center mass, they shoot to kill. If it’s going to be used, you’re going to use it to kill somebody.”

Finally, for those wondering how a drone could possibly shoot, the following video of a drone shooting a gun – appropriately enough in Connecticut – should answer that question.

Why Less than 10% Make Change Happen


INVESTMENT GROUP

COMMENT: Good day Martin I thoroughly enjoyed your video on the solution and took you up on creating a debate. Thank you for your work. I live in Canada. I have a small investment group; only five of us ….however, I invited collectively through the members another 10 people for a Friday night get together which I provided all the goodies. I’ll be frank and short we have a long way to go for any solution. Three of the people invited were lawyers and another 2 were CAs, an oil financier, architect, welder, health care worker and so forth. It did not matter. “Brain-dead ” is a pandemic that filters through every occupation and perhaps every person in society. Ignorance is a virus and worse. Yet it prevents the opening of any part of the brain to new ideas and possibilities. Yes of course until S@$& hits the fan.

It was shocking to hear how many people believe that government is necessary and that government only works for the benefit of the people. That your explanation on payroll taxes was unrealistic. Absolutely shocking.

I wasted my time and my money and even original members of my small group were persuaded to the left. In fact, several [all the lawyers] incited that the riots from the youth should continue if any real change were to occur in this world. I’m done trying.

Ignorance is the disease here Martin and a larger platform to educate is what is really needed.

JB

RESPONSE: Canada is especially hard because the general population have really been indoctrinated with socialism. Your government even calls it a new “sharing economy” and overall Canadians have tolerated higher taxation than Americans without complaint. The confidence in government use to be even higher in Japan going into the 1990s.

Genius-A StudentsCritical thinking that leads a person to question his immediate surroundings takes place in less than 10% of the population. It has long been recognized that education today seems more about indoctrination. Schools do not teach people how to create mega companies. This is why the popular saying is why “A” Students work for “C” students and “B” students work for government. To be an A student you need to just memorize what the correct answer will be – not understand it. “C” students are the dreamers like Albert Einstein, whose elementary school teachers thought that he was a foolish dreamer, and one teacher had even asked him to drop out of his class. “C” students put up with the teachers but reject indoctrination retaining their own objectivity, which teachers reject.

Contrary to this indoctrination belief that you must have a degree, you will discover that those who have created some of the biggest companies are all dropouts with no degrees so they did not even make “C” students which include;  Amadeo Peter Giannini, who was the multimillionaire founder of Bank of America who did not even graduate high school, Thomas Edison, inventor of the light bulb, phonograph who was homeschooled until the age of 12, Andrew Carnegie who dropped out of elementary school and became an industrialist, philanthropist, and one of the first mega-billionaires in the US history, and Henry Ford, billionaire founder of Ford Motors, to Bill Gates founder of Microsoft, Michael Dell of Dell Computer, Barry Diller the billionaire, Hollywood mogul, Internet maven, and founder of Fox Broadcasting Company to yes, even John D. Rockefeller, Sr. the real billionaire founder of Standard Oil. Politicians include Ben Franklin, Abraham Lincoln, and Andrew Jackson who also did not graduate school.

Stone Age GraveWe are a species who will never change because human nature remains the same since the dawn of time. There are Stone Age graves with people buried with dignity. The most amazing find so far of a Stone Age grave was a grave with a female and two children hugging each other. They were carefully arranged in this position. This strongly indicated they had spiritual beliefs and cared for their dead.

Human Nature endures. We travel through time and technology progresses with our knowledge. However, emotionally we remain very much the same. Society MUST move through these crash and burn periods. It is how we progress through history. The majority will NOT believe until they reach the precipice. Only then will change ever come.

Therefore, the one person out of 10 who sees, is all you need. They are the few who are truly the movers and shakers throughout history. They may be the ones others laughed at or ignored and may have even been the unpopular kid in school who just did not fit into the crowd. They are the dreamers who see the future when the time comes and make dreams come true.

Life Lessons From A 30-Year Wall Street Veteran


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Authored by Nicholas Colas via ConvergEx,

Talking to a journalist a few days ago I realized that I can now add “30-year Wall Street veteran” to my list of epithets.  It’s not as catchy as “wily Odysseus” or “wine dark sea”, but then again my life on the Street doesn’t really qualify as Homeric either.  Rather, it’s been more like watching an old school Broadway musical, complete with lots of big personalities whose stories are often best told with small anecdotes.

Along the way those people have taught me everything I know about a career in New York finance.  They all bubble up to what sound like clichés, but only because they are true.  But below the surface… Well, how you learn those clichés is never boring.

Lesson #1: Set expectations and then beat them.  Everything on Wall Street carries with it the weight of expectations, from careers to asset prices.  In both cases, their values only change when outcomes differ from what was expected.

The best example I ever saw: Years ago I worked with a wily investment banker who played the expectations game better than anyone else I ever saw.  He knew that the success of an Initial Public Offering or secondary share issuance often came down to perception.  Did the institutional buyside think he was marketing a hot deal, or a cold one?

Since his deals invariably had roadshow lunches in major cities like New York and Boston, he always did the following:

  • If 100 investors had RSVPed for a lunch, he would have the room set for 70 people but order food for 100.
  • As the crowd started to file for lunch, he would have the wait staff very ostentatiously reorganize the dining room and roll in those big pieces of plywood that serve as table tops past the waiting investors.
  • This always worked to set up a buzz in the room. “This must be a hot deal if this many people showed up unexpected.”

Lesson #2: Know your client.  Another Street cliché, but most people underestimate what the word “Know” really means.

Walking around town many years ago with the CFO of a US auto company as we visited investors, he told me that he knew even before the meeting started if it would be productive.  I found this hard to believe.  The meetings were with all different kinds of Wall Street players, set up by my firm’s salespeople weeks ahead of time.

“You watch…  If your salesperson knows the receptionist by name and talks to them about their kids, that’s going to be a good meeting.”  He was right.  At the next meeting, we saw a chatty salesperson from my company looking at new baby pictures at the receptionist desk.  Next two meetings – no rapport at the front desk, and listless inattentive investors.

Another example: know when your client gets hungry.  Sitting at a conference table working on a large M&A transaction (the largest one in the auto space in the 1990s), the group needed to call the client’s Treasurer.  I reached for the phone.

The senior banker told me to stop; “It’s 11:30am.  Bob (not his real name) is on a diet – he needs to lose a lot of weight.  Let’s let him get lunch.  We’ll wait until 1:30pm.”  And we did.  The call went fine.

Lesson #3: Don’t worry too much about what you don’t know, but rather what you’re sure of that’s actually wrong.  That’s an old Mark Twain saying, but it is a lesson you learn quickly on Wall Street as well.

Take, for example, the most basic assumption that corporate managements who own a lot of stock will try to do what’s best for the company.  I have covered two companies (both investment banking clients of my firm) as a brokerage analyst where the CEOs eventually either went to jail for fraud or narrowly avoided that fate.  A third company went bust in a fairly spectacular fashion, just a year or two after raising equity.

All three CEOs owned a lot of stock – maybe too much, which is combination with a lack of moral compass led them to unwise actions.  Yes, management teams should always own some piece of the business they manage.  But that’s no reason to assume that this will magically guide them to better performance.  Sometimes it just leads to desperati

Dan Rather Exposes Corrupt Media – But Back in 2008


KOMMONSENTSJANE – DO YOU HAVE AN AWESOME ATTITUDE?


Good principles to live by especially today.

kommonsentsjane's avatarkommonsentsjane

March 31, 2017

Do you have an awesome attitude!

As the renewal of Spring and Easter is upon us this seemed appropriate.

valley

How many of us have this AWESOME attitude?  This is something we should all think about from time to time to remember what a short time we really spend on earth.  It seems just a few years ago we were children.

During my growing up years, I dreamed in 20-year segments – like, when I was 20 I thought where and what will I be doing in 20 years and, my goodness, what a wonderful ride it has been and never once have I been disappointed, even with setbacks, there was always a reason for them, and never once looking back was I disappointed – always seeing and thinking – whew – so that was the reason!

And now, the rest of the story!

A 92-year-old, petite, well-poised…

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LIBERALS’ NATIONAL TEMPER TANTRUM


We are in the process of destroying 3000 years of social and political progress in Western Civilization.

A. L. Luttrell's avatarARLIN REPORT...................walking this path together

Originally posted on Kingsjester’s Blog: The Liberals’ National Temper Tantrum continues… The CBS Affiliate in San Francisco reports that The planned visit by firebrand conservative commentator Ann Coulter to the University of California, Berkeley has officials and organizers worrying about a repeat of the rioting which greeted Breitbart editor Milo Yiannopoulos. Coulter’s visit to…

via UC Berkeley in Turmoil Over Ann Coulter Appearance. Worried About Another Riot by the “Champions of Tolerance”. — hocuspocus13

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KOMMONSENTSJANE – Friday funnies! — Fellowship of the Minds


A little extra is very good … 🙂

kommonsentsjane's avatarkommonsentsjane

If I had a dollar for every woman that found me unattractive, they would eventually find me attractive. A recent study has found that woman who carry a little extra weight, live longer than the men who mention it. My therapist says I have a preoccupation with vengeance. We’ll see about that. Money talks …but […]

via Friday funnies! — Fellowship of the Minds

Reblogged on kommonsentsjane/blogkommonsents.

Friday funnies.

kommonsentsjane

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