Tag Archives: socialism

Aug 13 2019

“The Evil that Men Do”


Founder and CEO Mr. Trogdon,

Your Publisher’s Notebook, “The Evil that Men Do” is a lazy attempt to encourage feel-good legislation that won’t move the needle on mass shootings. You question the “wisdom of letting just about anybody owning an assault weapon.” You go on to say you never felt the need to use a “machine gun.” Is this your definition of an assault weapon because if it is you should sleep well knowing that machine guns were banned in 1934. Or did you mean to say semi-automatic weapons? You fail to articulate what exactly your definition of an assault weapon is. Those on the left do the same thing, by design.

Did you know there have been many more mass shooters, (killed four or more,) who have used semi-automatic hand guns than semi-automatic rifles? If the left is successful at banning the long guns how long will it be before they come after the hand guns. I’ll tell you: immediately after the next mass shooting occurs.

And how about the proposed “red flag” laws? Who exactly determines who’s not fit to own a fire arm? Will due process be adhered to? We’ve seen the left try and push their way around due process during the Kavanaugh hearings. If the left had their way anyone attending a Trump rally or wearing a MAGA hat would be banned from owning a gun. I question Congress’ ability to craft legislation that will prevent mass shooting while maintaining the rights of freedom loving Americans.  There are too many dishonest brokers in Congress. Give them an inch and they’ll be back for a mile.

In my opinion, you left out two options on your reader poll, “what should be done to prevent mass shootings?”

  1. Eliminate gun free zones. These are areas that these sick animals know they can go where there will be the least resistance. They’re free to kill until law enforcement arrives.
  2. Craft policies that will help rebuild the family unit. This would also start the healing of a very divided nation.

The left will never be satisfied until there is a government confiscation of all guns. Any legislation has to be tight enough to ensure the rights of law-abiding gun owners. Anything less should be seen as unacceptable.

Jeff Longo
North Royalton

 

Aug 13 2019

Thomas Sowell on the Origins of Economic Disparities


Published on May 17, 2019

Recorded on April 1, 2019 Is discrimination the reason behind economic inequality in the United States? Thomas Sowell dismisses that question with a newly revised edition of his book Discrimination and Disparities. He sits down with Peter Robinson to discuss the long history of disparities among humans around the world and throughout time. He argues that discrimination has significantly less of a role to play in inequality than contemporary politicians give it credit for, and that something as incontrovertible as birth order of children has a more significant and statistically higher impact on success than discrimination. He discusses why parental attention is the most important aspect of a child’s intellectual development. Sowell goes on to break down different minority groups around the world who went on to have more economic and political success than their majority counterparts, such as the Indians in East Africa, Jewish people in Eastern Europe, Cubans in the United States, and the Chinese in Malaysia. He argues that there is an underlying assumption that if discrimination was absent equality would prevail, which historically has been proven wrong. Sowell goes on to discuss changes in crime rates and poverty since the expansion of US welfare programs in the 1960s and how this has had a huge impact on the success of African Americans. He talks about his own experience growing up in New York, how housing projects used to be considered a positive place to live, and his experience as the first member of his family to enter the seventh grade. Robinson asks Sowell his thoughts on the case for reparations currently being made in Congress, and Sowell presents an argument about why a plan for reparations is not only illogical but also impossible to implement, with so many US citizens’ ancestors arriving long after the Civil War. He also explains that slavery was common throughout the known world for thousands of years and that abolition movements didn’t begin anywhere in the world until the late 18th century. He reminds us that the United States was not the only country guilty of participating in slavery and yet is the only country debating reparations.
Aug 13 2019

Thomas Sowell discusses his newest book, Intellectuals and Race


Published on May 16, 2013

This week on Uncommon Knowledge, Hoover fellow and author Thomas Sowell discusses his newest book, Intellectuals and Race, which argues that the impact of intellectuals’ ideas and crusades on the larger society, both past and present, is the ultimate concern.

 

Aug 13 2019

AG Bill Barr: “Serious Irregularities” Surround Custodial Death of Jeffrey Epstein…


Re-Posted from The Conservative Tree House on August 12, 2019 by 

United States Attorney General William Barr delivered remarks this morning to the Fraternal Order of Police’s National Biennial Conference when he spoke about the custodial death of high-profile sex trafficking ringleader Jeffrey Epstein.

“We are now learning of serious irregularities at this facility that are deeply concerning”..

[Transcript] […] “Before I begin, I would like to briefly address the news from the Manhattan Correctional Center over the weekend regarding Jeffrey Epstein. This case was very important to the Department. It was important to the dedicated prosecutors and agents who investigated the case and were preparing it for trial. Most importantly, this case was important to the victims who had the courage to come forward and deserved the opportunity to confront the accused in court.

I was appalled – indeed, the entire Department was – and frankly angry, to learn of the MCC’s failure to adequately secure this prisoner. We are now learning of serious irregularities at this facility that are deeply concerning and that demand a thorough investigation.

The FBI and the Office of Inspector General are already doing just that. We will get to the bottom of what happened at the MCC and we will hold people accountable for this failure.

Let me assure you that this case will continue on against anyone who was complicit with Epstein. Any co-conspirators should not rest easy. The victims deserve justice, and we will ensure they get it.” (link)

Aug 12 2019

Democratic Socialists of America Gather to Trigger and Shut Each Other Up


Published on Aug 7, 2019

 

Aug 12 2019

Socialist Uprising: Can Free Markets Beat Bernie, Betsy and AOC?


Published on Aug 9, 2019

Is it born to die? If Capitalism in America eventually leads to the workers rising with pitchforks to demand a division of the spoils, are we doing it wrong, or is that just the natural outcome of a system that focuses only on equality of opportunity? The rise of Democratic Socialists (and their less-Democratic brethren) during the 2020 presidential cycle may signal an economic shift that seems to contain the seeds of the demise of a system which has created more food, health, leisure, and happiness than anything the Earth has seen. Bill Whittle, Scott Ott and Stephen Green carry on these conversations about the news of the day, and the underlying principles, five times each week on Right Angle, thanks to the Members at https://BillWhittle.com who produce about 48 new shows each month, and their own vibrant Member-written blog. You can join them right now at https://BillWhittle.com/register/
Aug 12 2019

Can the US Government Really Force the Dollar Lower?


Armstrong Economics Blog/Capital Flow

Re-Posted Aug 12, 2019 by Martin Armstrong

QUESTION: Hi Martin, What tools do the US have to TRY and manipulate their dollar lower (other than cutting interest rates) and in your opinion would they be successful? How much do they have in the Exchange Stabilization Fund? Do they have a defense plan to limit and control capital flows coming in?
Thanks,

RM

ANSWER: They lack any power to prevent a dollar rally. The Exchange Stabilization Fund (ESF) is a U.S. Department of Treasury emergency reserve fund that includes holdings of U.S. dollars (USD), other foreign currencies, and special drawing rights (SDR) funds. The financial statement of the ESF can be accessed at “Reports” or “Finances and Operations.” However, all previous attempts at manipulating currencies have ended in disaster. Yes, the U.S. could put capital controls to block capital coming in, but they would destroy the world economy if they even attempted such a hair-brain idea.

Lowering interest rates will not help for if capital fears survival elsewhere, the level of interest rates will mean nothing. Just look at the creation of the G5 at the Plaza Accord. The market had already turned so their manipulation was already in the direction of the decline. When the dollar fell too far and the other members complained, they then held the Louvre Accord. The markets saw them as incompetent and the dollar continued its cyclical decline on schedule.

Therefore, I have yet to find any period in history where there has been a coordinated effort that has ever succeeded.

 

Aug 12 2019

Why Gold Stocks Rallied During the Great Depression


Armstrong Economics Blog/Gold

Re-Posted Aug 12, 2019 by Martin Armstrong

QUESTION: Hi Marty
Can you enlighten us on what happened back in history to gold mining shares in terms of why shares did not collapse during the crash of 1929 compared to what happened to mine shares in 2008?

What happened to the shares held by the public in 1933 when FDR confiscated gold?
So you were safe holding the shares!

GG

ANSWER: You must realize that gold was money under the gold standard. You can see how it declined following the commodity rally during World War I and eventually bottomed in 1924. During the Great Depression, cash was king and as such Homestake rallied into 1930, but then began to break out with the Monetary Crisis in 1931. The sharp rise came in 1934 with the devaluation of the dollar. Therefore, any comparison to modern times is irrelevant since we are not on a gold standard. Gold now responds in the opposite direction of the currency.