Essays

Note to Fed: Giving the Banks Free Money Won’t Make Us Hire More Workers

"As anyone in the actual position of hiring more staff knows, it is not a lack of cheap credit that makes adding workers unattractive, it is the lack of opportunities to increase profit margins by adding more workers. If the economic boom of the mid-1980s proves anything, it is that the cost of credit can be very high but that in itself does not restrain real growth. What restrains growth is not interest rates, it is opportunities to profitably expand operations. What the Fed cannot dare admit is that in a crony-capitalist, globalized, State/cartel-dominated economy, there are few profitable opportunities, regardless of the cost of credit." Continue reading →

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Why a single mom is better off with a $29,000 job than a $69,000 job

"Let’s take the example of a single mom with two kids, 1 and 4. She has a $29,000 a year job, putting the kids in daycare during the day while she works. As the above chart – via Gary Alexander, Pennsylvania’s secretary of Public Welfare — shows, the single mom is better off earning gross income of $29,000 with $57,327 in net income and benefits than to earn gross income of $69,000 with net income & benefits of $57,045. It would sure be tempting for that mom to keep the status quo rather than take the new job, even though the new position might lead to further career advancement and a higher standard of living." Continue reading →

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These False Flags Were Used To Start A War

"Just in case one's history textbook had a few extra pages ripped out, this may be a good time to recall just how far one's government is willing to go to start a war under false pretenses. Below is a partial list of some of the documented 'false flag' events that were intended and/or served to start a war in recent and not so recent history." Continue reading →

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David Galland: Wars and Rumors of Wars

"This article is about why I think interest rates are heading higher, viewed through the context of the politics of the US government's next war. While I'd prefer to convince the world to change its course toward a more peaceful future, given the futility of trying to do so, I'll use my time with you today presenting data, analysis, and a few opinions about the economic consequences of the march toward war that US policy is now set upon. The chart below combines defense, veterans benefits, homeland security, the State Department, and defense-related interest payments, to create a more comprehensive picture of our military spending." Continue reading →

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Guns, Badges, and Cartels

"Drug dealers are not going to obey laws that supposedly control guns. If you want to get drug dealers to stop buying guns, then you had better vote to de-criminalize drugs. But liberals want to criminalize guns, and conservatives want to criminalize drugs. If you think this argument makes no sense, then don’t expect liberals to respond to this argument: 'People who are prepared to defy the laws against murder aren’t going to obey laws against owning guns or large-capacity magazines.' Cartels want above-market income on state-protected turf. This takes guns. The debate is over who gets to carry the guns legally, and who will carry them illegally." Continue reading →

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Bitcoin developer: Are bitcoin thieves revealing NSA back doors?

"Will bitcoin -- and the financial incentive to break bitcoin crypto -- reveal other NSA backdoors in ECDSA, SHA256, RIPEMD160, and other algorithms and libraries used by bitcoin? Thieves are likely to exploit any flaws immediately, and move stolen loot to another private key. The NSA, on the other hand, is likely to avoid exploiting any weaknesses until key moments. Thus, ironically, thieves are playing a role in securing bitcoin and associated algorithms from NSA, Chinese, Russian or mafia tampering. Was the SecureRandom() bug a now-revealed NSA backdoor? You can thank bitcoin for exposing the problem and leading to immediate fixes, and attention to weak RNG impact." Continue reading →

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Schneier on NSA surveillance: A guide to staying secure

"Now that we have enough details about how the NSA eavesdrops on theinternet, including today's disclosures of the NSA's deliberate weakening of cryptographic systems, we can finally start to figure out how to protect ourselves. The NSA has turned the fabric of the internet into a vast surveillance platform, but they are not magical. They're limited by the same economic realities as the rest of us, and our best defense is to make surveillance of us as expensive as possible. Trust the math. Encryption is your friend. Use it well, and do your best to ensure that nothing can compromise it. That's how you can remain secure even in the face of the NSA." Continue reading →

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Schneier: US gov. has betrayed the internet. We need to take it back

"Government and industry have betrayed the internet, and us. By subverting the internet at every level to make it a vast, multi-layered and robust surveillance platform, the NSA has undermined a fundamental social contract. The companies that build and manage our internet infrastructure, the companies that create and sell us our hardware and software, or the companies that host our data: we can no longer trust them to be ethical internet stewards. This is not the internet the world needs, or the internet its creators envisioned. We need to take it back. And by we, I mean the engineering community." Continue reading →

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Gold and Syria

"We are confronting authoritarians with such an appetite for power that they become afraid to wield it for fear of losing it. It is a subject fit for a Dostoevsky or Shakespeare. It was a cause for rejoicing when the British Parliament refused the Queen’s Prime Minister authority to let slip the dogs of war on Syria. It was the first such refusal since 1782 when, incidentally, Parliament voted down further war against the rebellious American colonies. It will be a welcome sign of a dawning realization that the U.S. Empire has exhausted itself financially and in folly if the House refuses to pass Obama’s Syrian war resolution. But if it does approve another front in the U.S. Mideast war, buy gold with both hands." Continue reading →

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The US Government: A Collection of War Criminals and Liars

"The obama regime spies on the entire world and lies about it. The obama regime is fully engaged in killing people in seven countries, a murderous rampage that not even Hitler attempted. Whether the criminal obama regime can purchase the collaboration of Congress and the European puppet states in a transparent war crime will soon be decided. The decision will determine the fate of the world. Are the American people and the rest of the world just going to stand there, sucking their thumbs, while a new Nazi State rises in Washington? Congress must vote down the war and make it clear to obama that if he defies the constitutional power of Congress he will be impeached." Continue reading →

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