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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Category Archives: Legal/Political Columns

A collections of my popular ramblings concerning the law, Natural Law, and political issues. Enjoy!

Aiding, Abetting, and Getting Paid

25 Tuesday Apr 2017

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on Aiding, Abetting, and Getting Paid

Tags

crime, government, immigration, sanctuary cities

 

A Federal Judge in California ruled against the administration’s order that sanctuary cities either comply with the law or lose federal funding.

A federal judge on Tuesday blocked President Donald Trump’s attempt to withhold funding from “sanctuary cities” that do not cooperate with U.S. immigration officials, saying the president has no authority to attach new conditions to federal spending.

U.S. District Judge William Orrick issued the preliminary injunction in two lawsuits – one brought by the city of San Francisco, the other by Santa Clara County – against an executive order targeting communities that protect immigrants from deportation.

There may actually be some legitimacy to this ruling. The President might lack the authority to decide how earmarked monies are spent – a kind of late-term line item veto. It could be judicial overreach and interferrence. It could be both. I’ve looked into it as far as I think wise, especially considering there is a better and legal approach:

The local officials in these cities are committing felonies under 8 U.S.C. § 1324. Let them keep our tax dollars. Maybe they can buy some cigarettes in prison.

58fa7bfa3f16f.image

Lock ’em up with one of their friends. Star Tribune / Vigo County, IN Jail.

In related news, the Ninth Circuit will be dismayed to learn one of their beloved scholarly, academic-type foreign invaders has been arrested. Azhar Hussain, professor of aviation at Indiana State University was booked on charges related to his fabricating false hate crime nonsense. That keeps the otherkin hate crime hoax rate at exactly 100%. Every. Single. Time.

 

Congratulations, France – You’re Halfway There! ||| Félicitations, France – Vous êtes à mi-chemin!

23 Sunday Apr 2017

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on Congratulations, France – You’re Halfway There! ||| Félicitations, France – Vous êtes à mi-chemin!

Tags

election, France, Marine Le Pen, politics

(Continuez, ci-dessous, pour le français)

Today the French made history: First, they (you) pushed the ruling elites aside and voted for two relative independents. Second, and more important, they moved Marine Le Pen towards the May runoff election.

Le Pen vs. Macro, May 7, 2017

  • Far-right leader Marine Le Pen and independent centrist Emmanuel Macron have made it to the second round
  • Republican candidate Francois Fillon conceded after initial results showed he achieved 19.5 per cent of vote
  • Far-left leader Jean-Luc Melenchon refused to concede until final results of first-round vote announced
  • France’s Prime Minister, Bernard Cazeneuve, has called on voters to support Macron instead of Le Pen
  • This is the first time in 60 years none of France’s mainstream parties have entered the second round
  • Riots broke out in Nantes and Paris’ Place de la Bastille – the birthplace of the French Revolution

French voters turned their backs on the political establishment last night in round one of the presidential election.

Emmanuel Macron – an independent centrist – won first place ahead of National Front leader Marine Le Pen.

The result will have major implications for Britain and its departure from the EU.
Miss Le Pen wants to completely renegotiate France’s relationship with Brussels while Mr Macron wants closer links.

Macron is certainly an interesting character. Odds are he would make a much better president than Hollande. However, only Le Pen vows to tackle the hardest issues, including the one threatening to destroy Europe: unchecked invasion from the third world.

On May 7th, vote Le Pen! Save France!

3F89EE7D00000578-4437156-Marine_Le_Pen-a-82_1492988587135

AP / Daily Mail.

Aujourd’hui, les Français ont fait de l’histoire: d’abord, ils ont poussé les élites dirigeantes et ont voté pour deux indépendants relatifs. Deuxièmement, et plus important encore, ils ont déplacé Marine Le Pen vers l’élection de mai.

Le Pen vs. Macron, 7 mai 2017

  • Le leader d’extrême droite Marine Le Pen et le centriste indépendant Emmanuel Macron sont arrivés au deuxième tour
  • Le candidat républicain Francois Fillon a concédé après que les résultats initiaux aient révélé qu’il avait atteint 19,5% des voix
  • Le leader d’extrême gauche Jean-Luc Melenchon a refusé de concéder jusqu’à l’annonce des résultats définitifs du vote du premier tour
  • Le Premier ministre français, Bernard Cazeneuve, a invité les électeurs à soutenir Macron au lieu de Le Pen
  • C’est la première fois en 60 ans qu’aucun des partis principaux de la France n’est entré dans le deuxième tour
  • Des émeutes ont éclaté à Nantes et à la Place de la Bastille à Paris – lieu de naissance de la Révolution française
  • Les électeurs français ont tourné le dos à l’établissement politique hier soir au premier tour de l’élection présidentielle.

Emmanuel Macron – un centriste indépendant – a gagné la première place devant le leader du Front national Marine Le Pen.

Le résultat aura d’importantes implications pour la Grande-Bretagne et son départ de l’UE.

Miss Le Pen veut renégocier complètement les relations de France avec Bruxelles alors que M. Macron veut des liens plus étroits.

Macron est certainement un personnage intéressant. Les chances sont qu’il ferait un président beaucoup mieux que Hollande. Cependant, seul Le Pen s’engage à s’attaquer aux problèmes les plus difficiles, y compris celui qui menace de détruire l’Europe: une invasion non contrôlée du tiers monde.

Le 7 mai, votez Le Pen! Sauvez la France!

The Man Who Tried to Make America First Again

23 Sunday Apr 2017

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on The Man Who Tried to Make America First Again

Tags

America, conservative, Pat Buchanan, politics

Yesterday Politico ran an excellent expose on Pat Buchanan. Read it HERE. Do read it. I learned a few things I didn’t know about Pat even though I’ve been an admirer since at least 1992, to include supporting his 1996 Presidential bid.

Buchanan, for his part, feels both validated and vindicated. Long ago resigned to the reality that his policy views made him a pariah in the Republican Party—and stained him irrevocably with the ensuing accusations of racism, anti-Semitism and xenophobia—he has lived to see the GOP come around to Buchananism and the country send its direct descendant to the White House.

“I was elated, delighted that Trump picked up on the exact issues on which I challenged Bush,” he tells me. “And then he goes and uses my slogan? It just doesn’t get any better than this.” Buchanan, who has published such books as The Death of the West, State of Emergency, Day of Reckoning and Suicide of a Superpower, admits that November’s election result “gave me hope” for the first time in recent memory.

But none of this means he’s suddenly bullish about America’s future. Buchanan says he has “always been a pessimist,” and despite Trump’s conquest, two things continue to color his dark forecast for the nation. First, Buchanan harbors deep concerns over whether Trump, with his off-topic tweeting and pointless fight-picking, has the requisite focus and discipline to execute his nationalist agenda—especially over the opposition of a media-establishment complex bent on his destruction. Second, even if Trump delivers on the loftiest of his promises, Buchanan fears it will be too little, too late. Sweeping change was needed 25 years ago, he says, before thousands of factories vanished due to the North American Free Trade Agreement, before millions of illegal immigrants entered the country, before trillions of dollars were squandered on regime change and nation-building.

nimbus-image-1492949929597

Andre Chung / Politico.

Things would have worked out better had he made it to the White House in 1993, or 1997, or even 2001. Time was running out, then, and had expired by January of 2009. As the article notes, or Pat noted, the time for radical change was then, rather than now. The good news is that we can still gain a little Buchananism every week at http://buchanan.org/blog/.

I also can’t help but note that this subject article reads almost like a lifetime achievement piece or an obituary. I am not sure if it more resembles an epitaph for Pat or one for the Old Republic. It could be both.

I shared his uncharacteristic optimism about Trump last year as well as his current, well-founded reservations. That party to which he devoted so much attention continues to flounder, even in its victories. Just yesterday, also: Ryan: Focus is on keeping government open, not healthcare. Yes, we must keep Mordor up and running at all costs (and those are high). Of they try hard enough they may yet be able to wield the Ring of Power.

Back to Pat B.: he owns and displays a rare replica of Robert E. Lee’s 1851 Colt Navy revolver. That’s pretty cool.

Votez Le Pen pour sauver la France et éviter une guerre

22 Saturday Apr 2017

Posted by perrinlovett in Legal/Political Columns

≈ 1 Comment

Tags

civilisation, civilization, election, France, guerre, l'ouest, Marine Le Pen, politics, politique, terrorism, terrorisme, The West, War

 

C’est un post spécial pour mes chers amis et lecteurs en France.

Demain peut être la date la plus importante pour la France ce siècle. L’élection présidentielle marque un tournant, d’une façon ou d’une autre, dans vos affaires et celles de l’Ouest en général.

En tant que qualification, je dois noter que je suis un non-électeur à principe, n’ayant pas voté dans plus de quatre ans. L’hypocrisie personnelle, oui, et l’un de mes différents défauts. Pourtant, mon expérience dans cette et d’autres questions civiques rend mon conseil, ici, d’autant plus important.

Il y a très peu de raisons de voter aux États-Unis. Ma nation est tombée ou tombe (peut-être les deux). Je pense que nous sommes plus près de «tombé»; Vous êtes en train de descendre vous-mêmes. C’est peut-être votre élection finale qui signifie réellement quelque chose. Si je vivais en France, je voterais – dans cette élection particulière.

Et, si je pensais que tout était déjà perdu, alors je ne me dérangerait pas avec ces mots.

La France, l’Europe et tout l’Occident sont sous l’invasion et les agressions par des forces infernales. Tu le sais. Vous ne devriez peut-être pas l’admettre ouvertement, mais vous le savez au moins. La migration non contrôlée en France par les peuples d’Afrique, du Moyen-Orient et de l’islam tourne rapidement votre terre dans une jungle du tiers monde.

Combien de centaines de vos concitoyens ont été assassinés par des criminels terroristes au cours des deux dernières années? Cette année? Cette semaine? Combien de milliers ou de millions d’entre vous vivent dans la peur? Pourquoi 60 000 soldats et la police sont-ils en alerte pour les élections de demain?

Les choses ne sont pas aussi mauvaises qu’elles le peuvent, ou comme elles seront dans un avenir pas trop lointain. Même dans le pire des cas, un nouveau véritable califat français, il y aurait encore de l’espoir pour la délivrance. Pourtant, ces problèmes sont les meilleurs, et plus pacifiquement, abordés maintenant. Et par “maintenant” je veux dire demain matin.

Marine Le Pen est le seul candidat qui est même prêt à discuter des problèmes d’invasion et de terrorisme étrangers. Pour sauver votre pays de devenir dangereux et incivilisé, vous devez l’élire. Ensuite, vous devez prier, elle agit selon ses déclarations et ses convictions.

C8uMeKRXkAIOnoa

Vous devez élire cette femme!

Mme Le Pen n’est pas parfaite, rien n’est certain, certainement personne ne cherchait un bureau supérieur. Mais elle représente un vrai choix, une différence, une dernière chance peut-être. Elle est la meilleure que vous avez sûrement. Choisissez Macron pour une légère amélioration des conditions … peut-être. Électionnez Fillon pour plus de la même chose. Électionnez Melechon pour plus de la même chose avec un talent soviétique.

Marine Le Pen est le seul choix. Électionnez-la maintenant. Au moins, envoyez-la à la finale du 7 mai; Alors, elle doit recevoir une majorité. Électionnez-la maintenant et si Dieu le veut, elle commencera à transformer la France en France. Tous les envahisseurs non-blancs et non-chrétiens doivent être expulsés – les criminels, les terroristes connus, les terroristes inconnus, les réfugiés – ils doivent tous revenir en arrière. La France est votre pays, pas le leur. Ils n’appartiennent pas, ils n’ont jamais appartenu, et ils n’appartiendront jamais.

Cela doit arriver pour votre propre bien, pour la sécurité, la civilité et pour la société cohésive. Il faut aussi que la sécurité de tous les acteurs soit impliquée, y compris les envahisseurs. Si rien ne l’est maintenant, et si l’histoire est un guide, la solution future sera brutale. Tours, deuxième partie.

Si Le Pen ne parvient pas à gagner, ou ne parvient pas à agir dans la victoire, alors vous devriez commencer la recherche d’un Charles Martel moderne. Vous en aurez besoin.

Votez Le Pen!

Sauvez la France!

Vive la France!

Vive la l’ouest!

Vive la liberté!

Fred on America’s First Transgender President, the Hillary-fication of Donald Trump

21 Friday Apr 2017

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on Fred on America’s First Transgender President, the Hillary-fication of Donald Trump

Tags

America, Donald Trump, Fred Reed, politics

Fred takes note of the insane foolishness in D.C. as it concerns The Donald.

Hillary was on board with the Russia hysteria and the globalization and the immigration and so on. Trump could have screwed the whole pooch by getting along with Russia, so he had to be reconfigured. And was. A work in progress, but going well.

Too much is being asked of him. One man cannot overcome the combined hostility of the media, the political establishment, the neocons, the myriad other special interests that he has threatened. Mass immigration is a done deal. China develops and America, already developed, cannot keep up. The country disintegrates socially. Washington, always depending on war and its threat, faces a new world in which trade is the weapon, and doesn’t know what to do. The culture courses. The world changes.

Yet if only Trump showed some sign of knowing what he is doing, and could remember from day to day, if only he realized that wars are more easily started than predicted, if only he were not becoming an unbalanced Hillary.

Yet, apparently, he is.

Yes, a work in progress. And progressing very nicely. Tax cuts, they say, are coming. Just as Obamacare reform/repeal/replacement/whatever is coming along nicely … again … for the 90th time… Hillary is walking free. The terrorists are walking free. The judges and lawyers who support the terrorists are walking free. Julian Assange … is destined for prison. Goldman controls the economy and the currency. Bombs fall the world over based on lies. The swamp is thriving. No one has seen the wall…

There’s still a glimmer of hope left for this administration. But it’s a small glimmer and obstructed by the clouds and fumes of Mordor.

Fred did a great, typically-hilarious Fred job of showcasing the situation but he’s a bit late. I called this on April 7th.

MAGA can (could) still happen. But not with this crowd. Not with this government. Maybe not with this population.

Have a great weekend.

Department of Justice [SIC] to Charge Julian Assange … with Something

21 Friday Apr 2017

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on Department of Justice [SIC] to Charge Julian Assange … with Something

Tags

America, crime, DOJ, government, Julian Assange, justice, Wikileaks

The U.S. government is known by two hallmarks: absolute power over everything on Earth, and; a complete aversion to the truth. Naturally, it wants to prosecute Julian Assange of Wikileaks.

US authorities have prepared charges to seek the arrest of WikiLeaks founder Julian Assange, US officials familiar with the matter tell CNN.

The Justice Department investigation of Assange and WikiLeaks dates to at least 2010, when the site first gained wide attention for posting thousands of files stolen by the former US Army intelligence analyst now known as Chelsea Manning.
Prosecutors have struggled with whether the First Amendment precluded the prosecution of Assange, but now believe they have found a way to move forward.

During President Barack Obama’s administration, Attorney General Eric Holder and officials at the Justice Department determined it would be difficult to bring charges against Assange because WikiLeaks wasn’t alone in publishing documents stolen by Manning. Several newspapers, including The New York Times, did as well. The investigation continued, but any possible charges were put on hold, according to US officials involved in the process then.

…

But Ben Wizner, director of the American Civil Liberties Union’s Speech, Privacy and Technology Project, argued that US prosecution of Assange sets a dangerous precedent.

“Never in the history of this country has a publisher been prosecuted for presenting truthful information to the public,” Wizner told CNN. “Any prosecution of WikiLeaks for publishing government secrets would set a dangerous precedent that the Trump administration would surely use to target other news organizations.”

160205033303-julian-assange-ruling-elbagir-lok-00014718-medium-plus-169

CNN.

There’s a pattern, here, as old as government corruption itself: government commits evil; someone exposes the evil; the evil-doers visit upon the exposing party.

A great opportunity for the advancement of human freedom is missed. Washington could acknowledge it’s many faults, as exposed by Wikileaks, and vow to fix them. It could stop spying on everyone, wasting money, bombing without cause, and generally mind its own damned business. They might actually thank Assange and Co. for their work.

That’s not going to happen. Dangerous precedents from dangerous people.

Happy Tax Slave Day, 2017

18 Tuesday Apr 2017

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on Happy Tax Slave Day, 2017

Tags

government, slavery, taxes, theft

Just a reminder that your 1040 is due today. Normally the joyous day of imperial compliance falls of the 15th of April. This year, as some, that date fell on the weekend. Thus, the magnanimous government gave you a few extra days to file. And, if you owe more than you’ve already paid, remember to pay that balance too.

Some don’t pay at all:

In tax year 2014, according to a report published by the Internal Revenue Service, the federal government hauled in a then-record $1,377,797,136,000 in individual income taxes.

Nonetheless, of the 148,606,578 individual income tax return filers that year, 52,062,499 filed what the IRS calls “nontaxable returns,” which means they paid no net individual income taxes.

Among these 52,062,499 filers who did not pay income taxes in 2014, according to Table 3.3 in the report, were 31,129,405 filers who also received $90,276,007,000 in payments from the federal government for “refundable” tax credits.

“In total, taxpayers claimed $105.6 billion in refundable tax credits,” said the IRS report. “Of this, $5.5 billion was applied against income taxes and $9.8 billion against all other taxes. The remaining $90.3 billion in refundable tax credits was refunded to taxpayers.”

“Tax credits are use to offset taxes,” the report explains. “Certain tax credits are also refundable in that if the credit exceeds the total tax owed, the excess can be refunded to the taxpayer.”

One example of a refundable tax credit is the “Earned Income Tax Credit.” “The Earned Income Tax Credit for 2014,” the IRS explains, “was a maximum of $496 for taxpayers with no qualifying children, $3,305 for one qualifying child, $5,460 for two qualifying children, and $6,143 for taxpayers with three or more qualifying children.”

For a married couple filing jointly to be eligible for the EIC in 2014, said the IRS, “earned income and adjusted gross income had to be less than $43,941 for one child, $49,186 for two children and $52,427 for three children or more.”

A married couple with two children earning $50,000 or more would not qualify for this refundable credit.

Thirty-five percent of workers pay no taxes at all. Add in those who could work, but don’t, and we have something approaching half the population paying nothing, no skin in the game. They still vote, however. Their votes cancel out those of the people who actually pay for the government.

All of this was envisioned back in 1913, when the income tax was federally instituted, and earlier when the communists plotted the downfall of the West. The plans are working seamlessly.

Oddly, the country somehow managed to exist and to grow, wildly, without any income taxes. In reality, as in history, it should be 100% paying no taxes.

01-US-CITIZENS-NOW-ONE-STEP-CLOSER-TO-BECOMING-PERMANENT-TAX-SLAVES

If you can believe it, there was a time when only one was guaranteed. Sovereign Man.

But, here we are. Pay up!

So Complex It’s Simple

15 Saturday Apr 2017

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on So Complex It’s Simple

Tags

debt, government, taxes

Only the U.S. government could rake in mind-boggling, record tax revenues and still run a deficit.

Despite collecting record amounts of individual income taxes and payroll taxes, the Treasury still ran a deficit of $526,855,000,000 in the first six months of fiscal 2017.

Also, even with record revenues from individual income taxes and payroll taxes in the first six months of fiscal 2017, overall federal tax collections were slightly down.

In the first six months of fiscal 2016, the federal government collected $1,513,124,070,000 (in constant 2017 dollars) in total taxes. In the first six months of this fiscal year, total federal tax collections have dropped to $1,473,137,000,000—a decline of about $39,987,070,000 from total tax collections in the first six months of fiscal 2016.

So much money and it’s still not enough. Thus, the debt grows apace.

The solution is simple: stop spending so much. Then again, as this cartoon, today, illustrates, the simple doesn’t always go over so well addressing the needlessly complex:

nimbus-image-1492273092428

Dustin / Steve Kelley and Jeff Parker.

The Topsy Turvy World of American Political Theater

13 Thursday Apr 2017

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on The Topsy Turvy World of American Political Theater

Tags

America, Democrats, government, insanity, Republicans, War

Where to start? Where to start????

Mike Pompeo, new head of the secret police CIA came out with guns blazing today, hot after Wikileaks and their agency revelations.

Pompeo has in the past called for Snowden to receive the death penalty.

He said people at the CIA found praise for WikiLeaks “both perplexing and deeply troubling.”

“As long as they make a splash, they care nothing about the lives they put at risk or the damage they cause to national security,” Pompeo said. “It’s time to call out WikiLeaks for what it really is: a non-state hostile intelligence service often abetted by state actors, like Russia.”

During the question and answer portion of the event, Pompeo said because Assange was not a US citizen and lived in the Ecuadorian embassy in London, he “has no First Amendment freedoms.”

Odd. Odd. Odd. Odd. Very perplexing. Very odd, because, as the article explains, Pompeo was praising Wiki just last fall. Things change. No freedom of speech outside the U.S. Constitution? Shows a lack of understanding of the Constitution.

Elsewhere Pompeo (maybe on TeeVee) also claimed that U.S. citizens have nothing to fear from all the spying because the spy agencies do not spy on them. Well, they spied on Pompeo’s Boss, Donald J. Trump, and associates – the President and all … but you!, you little people have nothing to worry about….

Trump has pretty much dropped the spying allegations – even as more and more evidence comes forward to irrufutably prove them. Very odd. The media and the Democrats are a little quiet too – not so odd. Just after the Rice revelations surfaced, the Guardian presented evidence of British Intel involvement.

You read about that, here, last month, because I’m faster than the Guardian. Not as fast as Judge Napolitano, however. He blew the whistle first – and Fox fired him for it. I’ve heard no word of an apology from the Legs Network…

I supposed the “America First” White House has been preoccupied lately – what with bombing Syria, bombing Afghanistan, and preparing to bomb North Korea – all vital to Americans and their interests… All… Oops! Some of the bombs went a little off target. Not that anyone really knows what the target is. The important thing is that Raytheon, General Dynamics, and the banksters make money.

Healthcare reform has been slightly delayed. Tax cuts can wait a while. The wall can wait. Hilary’s still walking (stumbling?) free. Yeah… But Raytheon stock is up and the Goldman grip grows stronger by the day! There’s that.

The GOP is doing it’s part for the Big Club.

For their part,the Democrats are … doing something. I’ve got to give them a little blame here.

From the above, one might gather that now would be the time for the opposition party to strike back. If we had opposition, that might happen. We don’t.

160228-tulsi-gabbard-mn-1040_23f4be54d4cba554b6968a396625d6db.nbcnews-ux-2880-1000

Considerably better looking than the previous alternative … and no email issues. NBC News.

The Dems have in their party a brilliant young female politician, one Rep. Tulsi Gabbard (D, HI). Female and minority – all the things they say they like. She’s a veteran. She knows what she’s talking about. She makes sense. She is 100% against foreign meddling and needless wars. And she’s pretty easy on the eyes too. Perfect, right? Sane, young, patriotic new blood, hottie in 2020?? No…

Naturally, the Donkey Party wants her kicked out of office, maybe locked away in an asylum or something.

As Carlin said, “this is the best we can do”.

Puerto Rico Faces Bankruptcy: Watch YOUR Wallets

12 Wednesday Apr 2017

Posted by perrinlovett in Legal/Political Columns

≈ 1 Comment

Tags

America, bankruptcy, banksters, evil, money, Paul Ryan, Puerto Rico, theft

A little less than a year ago I reported several times on Paul Ryan’s efforts to save banking profits by temporarily averting financial disaster in Puerto Rico. Then, I wrote:

May 24, 2016 I posted Paul Ryan Rescues Banksters, Globalists about Paul Ryan’s dastardly plans to force you (all of you) to pay Puerto Rico’s debts – all on behalf of the banksters of the world.

I said then:

The bailout will happen; consider it a done deal. Really $2 Billion or the whole $70 Billion is but a barely noticeable drop in the fed’s ocean of economic woe. Things like this add up though. When the whole system comes crashing down don’t count on the banksters to be found let alone lend a hand. They’re gathering the last of the cash (yours and mine) and preparing to flee. However, come hell or high water, the politicians will be easier to find. They’ll still expect to be re-elected. Remember this story and all the others. Hold them accountable or rinse and repeat with similar results.

U.S. Rep. Dave Brat (R-VA), who actually has a Ph.D. in economics, has caught on to the theft and deception:

“This makes the bill truly Orwellian — it remove[d] the consent of the Puerto Rican people and creates a fiefdom for unelected officials chosen by President Obama.

“As economist Thomas Sowell said, ‘The fatal attraction of government is that it allows busybodies to impose decisions on others without paying any price themselves.’ Congress can’t even get its own fiscal house in order, but [passed] a bill to solve Puerto Rico’s problems.

“This bill should [have been] subject to ratification by the Puerto Rican legislature or a vote from the Puerto Rican people. As it stands, I [opposed] PROMESA because it turns free citizens into subjects.”

He’s only talking about the loss of autonomy of the people of Puerto Rico; the rest of the American people will be losing their money. Pay up, subjects.

Temporary is almost over. The law passed and the wayward territory was given a year to get settlements in order. Like so much else Ryan touches, nothing has happened.

Bankruptcy for Puerto Rico is looking ever more likely as the clock ticks down toward a May 1 deadline to restructure $70 billion in debt, ramping up uncertainty for anyone betting on returns from the island’s widely held U.S. municipal bonds.

When U.S. Congress last year passed the Puerto Rico rescue law dubbed PROMESA, it froze creditor lawsuits against the island so its federally appointed oversight board and creditors could negotiate out of court on the biggest debt restructuring in U.S. municipal history.

The freeze expires on May 1, however, and an extension by Congress is “not going to happen,” said a Republican aide to the House Committee on Natural Resources, which is in charge of territory matters.

A round of mediated talks is scheduled to begin on Thursday. But absent an agreement soon, a growing number of analysts say Puerto Rico will seek protection from creditors under PROMESA’s court-sanctioned restructuring process, akin to U.S. bankruptcy.

Forbearance deals could let negotiations continue past May 1, but a source directly involved in the talks said avoiding an eventual bankruptcy is “impossible.”

Bankruptcy wouldn’t be the worst thing for P.R. In fact, it might be the best thing, here and now. It could give the people of the island room to decide if they want to continue their local fiasco. Hopefully, it will stay local and with them.

I have a funny feeling Congress won’t stand idly-by as the banks lose $70 Billion. Time will tell.

This case may serve as a canary in the economic coalmine. Watch and see what happens when governments default – more will surely follow.

This might be a good time to decide if P.R. should be granted sovereignty.

Might be a good look at the relationship between Congress and Wall Street.

It might be fun or funny, but probably not…

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Perrin Lovett

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Prepper Post News Podcast by Freedom Prepper (sadly concluded, but still archived!)

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