The Fed’s Cool New Tool!

12 Monday Aug 2019

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Introducing the amazing new Countercyclical Capital Buffer!!!!!!

Federal Reserve officials are weighing whether to use a tool that could reduce the risk of a credit crunch in a downturn.

The tool is known as the countercyclical capital buffer. It allows the Fed to require banks to hold more loss-absorbing capital should the economy show signs of overheating, or to keep less of it during bad economic times. The buffer applies generally to banks with more than $250 billion in assets, including firms such as JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc.

The Fed’s board of governors so far hasn’t used the tool, approved in 2016. Its rule on the buffer says it should turn it up when economic risks are “meaningfully above normal” and reduced when they “abate or lessen.”

Now, some Fed officials are debating whether it is time to use the tool, which could provide banks with additional lending firepower in a subsequent downturn. It isn’t clear when they might make a decision.

I have obtained an exclusive image of this cool new tool:

Screenshot 2019-08-12 at 10.35.26 AM

A Tattoo is a…

11 Sunday Aug 2019

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Artistic mental health warning label. Theodore Dalrymple sums up some of my views on the grotesque trend of “inking.”

This, perhaps, explains the outbreak of mass self-mutilation in the form of piercings and tattooing that has overtaken the West. In many countries, the proportion of the tattooed in the population has now risen to about a third. No doubt most of them, if asked, would say that they were expressing themselves, or telling the world who they really are. There could be no better—or in my opinion sadder—testimony to mass inner emptiness than this.

When I first noticed the ascent of tattooing up the social scale about twenty years ago—the type of people who were getting themselves tattooed who would once never have dreamed of doing so—I explained it as the advertisement of a supposedly virtuous political identification with the marginalized in society, to whom tattooing had until then largely been confined, no doubt combined with the eternal desire to shock Mum and Dad. But this theory, if it were ever true, can be true no longer. Self-mutilation is now a fashion, true enough, and perhaps one should not look too deeply for the vagaries of taste; but a fashion that marks you indelibly is more than a fashion for, say, a silly hat or a polo-neck sweater.

These days, Mum and Dad have probably beat the kids to the needle – Granny too. In a way I like it. A visible tattoo lets one know who and what one is dealing with. But, the sheer number says something about the decline of the people. A 2018 University of Miami study verified the obvious: tattoos are highly indicative of mental illness.

But, not yours… I’m sure yours is so very special. Go talk to yourself about that.

The Times…

10 Saturday Aug 2019

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They’re REALLY changing. More stuff the media never reports.

The consequences of past actions and the imminent failure of a global paradigm that’s dominated human existence for decades can no longer be delayed. They’re coming to the fore as I write this and yet all the media and most people can focus on are the symptoms of failure. Past events lead to future events and there are in fact consequences for irresponsible actions. The various things people panic about on a daily basis are typically symptoms that can be traced back to a macro system failure, but nobody wants to talk about that. It’s too big, too daunting and seemingly impossible to fix absent collapse.

Yet outrage, anger and a cry to “do something” about symptoms of a much bigger problem will only result in an even more entrenched surveillance state going forward. Focusing on symptoms is not just short-sighted and a waste of energy, but it’s also likely to lead toward more authoritarian solutions and tendencies over time. Misdiagnosing a disease can be as deadly for a civilization as it can be for an individual.

Say! Isn’t there a swell election coming next year? That’ll be your chance to fix everything, once and forever. And, I think football run until then, so it’s all good, right?

Musical Continents

10 Saturday Aug 2019

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Like musical chairs without the music. A great story at LRC about two of the biggest movements of humans in history.

International Man: Former Libyan leader Muammar Ghaddafi once warned that “Europe runs the risk of turning black from illegal immigration… it could turn into Africa.”

Since the United States and NATO helped overthrow Ghaddafi in 2011, millions of migrants from Africa and the Middle East have poured into Europe. Many transited from Libya.

This is all well known, and all signs point to this trend accelerating. What’s your take on where this is going?

Doug Casey: First, it’s a pity Ghaddafi was taken out. Another disastrous US policy decision. Not that he was a nice guy—no one running an artificially constructed nation-state can be. But it was at least a stable situation. Now it’s been replaced by a bloody and costly war. And it’s complete chaos. Nice work Hillary and Obama. But let’s talk about Africa at large.

Africa, or at least migration in and out of Africa, is going to be the epicenter of what’s happening in the world for the rest of this century.

And, by “great” I mean of large magnitude. It’s not-so-great if you live in Europe or America.

BREAKING!! Gone Home to His Father

10 Saturday Aug 2019

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Good Saturday Morning! Jeffrey Epstein is DEAD!

Billionaire pedophile Jeffrey Epstein, 66, kills himself in his Manhattan jail cell, 24 hours after files in his case were unsealed and two weeks after he was placed on suicide watch ahead of his sex trafficking trial

Jeffrey Epstein has hanged himself inside his New York City jail cell
He was discovered by prison guards in cardiac arrest on Saturday morning, and was rushed to a nearby hospital where he was pronounced dead
Epstein was arrested on July 6 on charges of conspiracy and sex trafficking, and was being held at the Metropolitan Correctional Center without bail
He was reportedly placed on suicide watch following after a first suicide attempt on July 24
Epstein’s death comes just 24 hours after court documents detailing his sexual abuse of underage girls were unsealed by the courts
The explosive documents included claims from Epstein’s alleged ‘sex slave’ that she was required to have intercourse with a number of powerful men

Ha! The “justice” system actually had a hand in justice? I don’t buy the suicide story because it’s not something psychopaths do. But, if he’s dead, then good fucking riddance!

Let the celebrations begin! And, the justice for his friends and conspirators.

Ignoring the Little Things

10 Saturday Aug 2019

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The narrative is set: white supremacists are the main threat to “American” security and Donald Trump is a Russian Nazi. We need to turn in our guns. But, did you know that??? Just read this.

Who wrote ‘Our lifestyle is destroying the environment of our country … creating a massive burden for future generations. Corporations are heading the destruction of our environment by shamelessly over-harvesting resources … the next logical step is to decrease the number of people in America using resources. If we can get rid of enough people, then our way of life can become more sustainable’?

The answer, if media reports are accurate, is Patrick Crusius, the man accused of the El Paso massacre. The words appeared in his testament, entitled (in homage to Al Gore?) The Inconvenient Truth, which he seems to have put online before decreasing the number of people in America by 22.

Who said, on Twitter, ‘I want socialism, and I’ll not wait for the idiots to finally come round to understanding’? Connor Betts, the man accused of shooting nine people, including his sister, in Dayton, Ohio.

Unfortunately, the Amerikan people seem about as stupid as the elites are evil. Another inconvenient truth.

Repubs Raise the Red Flag

09 Friday Aug 2019

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LRC raises a red flag on gun control:

Within minutes of the tragic mass shootings in El Paso and Dayton, gun control fanatics were predictably not letting a crisis go to waste by calling for extreme measures of gun control. The usual suspects were at it – Soros organizations, MSM, left-wing extremists, and Democratic Party members – but, interestingly enough, they were joined by many Republican lawmakers as well. While Lindsey Graham, a Senator who has scarcely seen a right in the Bill of Rights he hasn’t wanted to carve up for dinner, is no shocker, others in staunchly red states have also joined the call for stricter gun control measures. Most surprising, however, is that President Donald Trump has jumped on the bandwagon, calling for “red flag laws” among other egregious measures to deal with the recent spate of shootings in the United States.

The response from Trump’s base has been a mix of personality cult support and virulent opposition, hinting that Trump, if he goes forward with his “red flag” proposal, could be shooting himself in the foot for 2020. After the last few years, it is clear that nothing Trump could ever do would convince a leftist to vote for him. However, he can convince his own supporters to stay home in 2020 and that appears to be what is going to happen if he doesn’t quickly pull an about-face in the manner that he has done in the past in regards to many of his positive attempts to govern (Syria, Afghanistan, etc.).

So what is the problem with Red Flag laws?

They exist. Likely the same problem with Republicans.

At Least He Wasn’t a Racist

09 Friday Aug 2019

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It would have been better if this Connor Betts had been electrocuted in 2014.

Dayton gunman Connor Betts’ depraved appetite for murder, drugs and Satanism is laid bare in series of chilling journal entries obtained exclusively by DailyMail.com.

The warped loner, 24, declares himself a servant of ‘evil incarnate’ and rants about everything from schizophrenia to satanic rituals and massacres.

He even hints at the idea of ‘hunting’ a victim to kill at the University of Dayton – writing: ‘We take a b***h, a person, man, convince them to come with us then poof, gone lol down?’

The frightening pages were revealed by a former friend who paints a confounding picture of Betts as a frequent methamphetamine smoker who played violent video games – but was never a racist or interested in weapons.

Betts finally acted on his murderous impulses when he went on the rampage early Sunday morning, slaughtering nine people and injuring a further 27 in Ned Pepper’s Bar.

His sister Megan, 22, was among the first to be killed before Betts was shot dead by police patrolling Dayton’s Oregon District. Six of his nine victims were African Americans.

As cops search for a motive, friends and acquaintances have come forward to speak of a troubled young man whose ‘dark thoughts’ scared even himself.

…

‘I can definitely assure you he was never racist. The person I met him through is half black,’ Himes added.

Well now, that makes it all okay.

You know, your friends in Hellywood are about to release a movie about these types hunting down the deplorables like deer. They’re okay with the concept on film and in real life. They hate you. But, they love a good old video game-playing, hookah-smoking, meth-head, rape-fantasy, gamma/incel, satanic socialist. Now, I’d love to discuss this some more, but the NFL preseason is (finally!) underway. Back to your telescreens!

Your White Privilege Did This

08 Thursday Aug 2019

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More evidence of rampant white nationalism manifested itself in California, only days after the latest push to eliminate guns and white people. Six Hispanics, more American than you, were the victims of a horrific hate crime involving a military-style assault knife. Four of them are dead.

A man who was “full of anger” went on a two-hour stabbing and robbery rampage in Southern California, killing four people and wounding two others, authorities said Wednesday.

The 33-year-old Garden Grove man was taken into custody after he came out of a 7-Eleven in Santa Ana, southeast of Los Angeles, and dropped a knife along with a handgun that he had taken from a guard, police said.

The violence appeared to be random and the only known motives seem to be “robbery, hate, homicide,” Garden Grove police Lt. Carl Whitney said at a news conference.

“We know this guy was full of anger and he harmed a lot of people tonight,” he said.

If this keeps up, then we might lose out on the immigration invasion that is our greatest strength. Ask the US Chamber of Subversion. Nevermind that the attacker was Hispanic. He was “full of tacos anger,” which is perfectly understandable given the hatred he feels from the deplorables. This is the work of white supremacist hatred. There’s probably a manifesto or something on 9Chan. Ban guns now!

Background Checks Like We’ve Never Had Before

08 Thursday Aug 2019

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Let me tell you. Yuge.

President Donald Trump endorsed an expansion of background checks for U.S. gun buyers following the massacres in El Paso, Texas, and Dayton, Ohio, but said there’s “no political appetite” to renew a ban on military-style rifles.

“I’m looking to do background checks,” Trump told reporters as he departed the White House on Wednesday to visit the two violence-stricken cities. “I think background checks are important.”

While he said there’s not enough support in Congress to re-enact what was commonly known as the assault weapons ban, which expired in 2004, he indicated he would discuss the idea with lawmakers. “I will certainly bring that up,” he said.

Senate Majority Leader Mitch McConnell has refused so far to allow a vote on House-passed legislation that would expand background checks and hasn’t indicated whether he’s reconsidering after the shootings, which killed at least 31 people.

“I think we can bring up background checks like we’ve never had before,” Trump said.

I have a suggestion like we’ve never had before: two steps for a check. First, check and see if the Second Amendment is still there. It is, so on to step two – is the gun customer an “American” pursuant to the definition at or around the time the 2A was ratified. If so, proceed with the sale. If not, deport.