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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: economy

The Central Bankers Begin To Fall

01 Thursday Dec 2016

Posted by perrinlovett in Legal/Political Columns, Uncategorized

≈ 1 Comment

Tags

banksters, Donald Trump, economy, Mexico

Well, Trump has ridden us of one banker now. Nice, big one too. Good riddance.

carstens_0

Zero Hedge (one them Russian sites…).

“It was shocking,” Ernesto Revilla, an economist at Banamex, said of Carstens’ departure cited by Reuters. “There were rumors of this, but no one was expecting it to happen so soon, especially with the new Trump scenario.” Revilla added that “Agustin has been a pillar of economic policy in Mexico.” He added that the peso suffered on Thursday because “there is no clear successor at the central bank … There is no one on the top of peoples’ minds of who could take his place,” he added.

According to Reuters, among possible candidates economists named were Alejandro Werner, a former deputy finance minister who holds the top post for the Western Hemisphere at the International Monetary Fund, as well as current deputy central bank governor Manuel Ramos Francia, who is less well known in global financial circles. Former Finance Minister Luis Videgaray, a close ally of President Enrique Pena Nieto, is also seen as a potential replacement, though he is a divisive figure in Mexican politics.

So why the sudden announcement? Among the theories emerging is that Carstens has had enough dealing with the unpredictabilities in the political climate, especially since the Trump election, and wanted out. During the presidential campaign, Carstens had warned that Trump’s election could hit Mexico like a hurricane; he also conducted a stress test for local banks to prepare for the “contingency” of a Trump presidency.

Following Trump’s victory, Carstens followed the crowd in changing his tune, and suggested the next U.S. government’s impact could be less severe. However, today’s announcement confirms he was less than sanguine about a Trump presidency, and the impact it would have on the Mexican currency and economy, and opted out.

Hasta la vista!

Risky Banking Business

22 Tuesday Nov 2016

Posted by perrinlovett in News and Notes

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Tags

banks, banksters, Citi, economy

Just last week I told you about Citi’s criminal plans to prohibit cash. It’s part of the greater scheme to steal your wealth in addition to a great inconvenience.

Now, this week, news comes that Citigroup is the riskiest bank in America.

A global financial regulator declared three of America’s largest banks sources of higher risk to the world’s financial system compared to last year, requiring them to hold more capital as a sort of insurance against failure and the resulting ripple effects across the global economy. The announcement on Monday came less than two weeks after banking industry deregulation-friendly candidate Donald Trump won the presidential election.

The Basel, Switzerland-based Financial Stability Board (FSB) will, starting in January 2018, require Citigroup Inc. to have a 2.5 percent capital buffer—the second-highest risk bracket—compared to last year’s 2 percent requirement, and Bank of America Corp. needs to keep 2 percent of its capital available, above last year’s 1.5 percent. Morgan Stanley, however, was moved to the lowest risk bracket, with a capital buffer of just 1 percent, down from 1.5 percent last year.

This move is intended to shore up banking reserves and protect the public from future bailouts. Rest assured however that if the time comes, your taxes will be made readily available to the banksters.

At least the warning is out. The entire banking industry is in roughly the same shape it was in back in 2008. As to Citi’s perdicament, it couldn’t happen to a nicer bank.

Now, here’s a better, happier story:

More Christmas Tie!

img_20161122_113259157_hdr

Cashing Out: The Banksters Wage War On You

17 Thursday Nov 2016

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

≈ 2 Comments

Tags

banksters, cash, economy, freedom, government, money, power, privacy, theft

Power. Unlimited power!

Such was the battle cry of Darth Sidious in one of those Star Wars movies, one of the new ones that didn’t stink too bad. It’s the real cry of Darth Citious, a.k.a. Citibank. Theirs is a quest for unlimited power through total control of the economy, your finances included.

Cash money is one of the very last safety measures for privacy in a world gone mad. Citi wants to eliminate cash.

Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia.

Yesterday, banking giant UBS proposed that eliminating Australia’s $100 and $50 bills would be “good for the economy and good for the banks.”

(How convenient that a bank would propose something that’s good for banks!)

This isn’t the first time that the financial establishment has pushed for a cashless society in Australia (or anywhere else).

In September 2015, Australian bank Westpac published its “Cash Free Report”, suggesting that the country would become cashless by 2022.

In July 2016, Australian payments firm Tyro published an enormously self-serving blog post touting the benefits of a cashless society and saying, “it’s only a matter of time.”

Most notably, two days ago, Citibank (yes, THAT Citibank) announced that it was going cashless at some of its Australian branches.

…

Bank deposits would rise as a result, and consequently, so would bank profits.

Governments would benefit from a cashless society because all savings would be in the banking system, and they have full regulatory control over the banks.

This means that your politicians would have more control over your savings and fewer obstacles to impose capital controls or engage in Civil Asset Forfeiture.

Even policy wonk academics would have a rare opportunity to take their lousy theories and PhD dissertations for a test drive.

Everyone benefits from a cashless society… except for you.

For individuals, cash still has plenty of important advantages.

Cash is one of the few remaining options for financial privacy that doesn’t create a permanent record of every purchase or transaction you make.

It’s also an easy way to reduce your exposure to risks in the broader financial system.

Think about it– the banking system is full of institutions that never miss an opportunity to demonstrate they cannot be trusted with our money.

Hardly a month goes by without some major banking scandal; they’re caught colluding on exchange rates, manipulating interest rates, fraudulently establishing fake accounts without customer consent (and then charging us fees on top of that).

It’s disgraceful.

That it is. Good for the banks, good for the government, bad for you. Decrease your security and privacy so banks can make higher profits and government can do what they do worst.

fbf146d521509678306fd828b82b6f8458c28c5f92c013b11c4705762635be24

Quickmeme / Lucas / Fox.

Bankster pirates and government highwaymen in the U.S. and in Europe are itching to get rid of cash. I’m sure Citi’s Australian experiment is a trial run for global implementation.

What to do about it? For now, if your bank goes cashless, close your accounts there. Tell them why in no uncertain terms. If you hit them where it hurts, they’ll stop. That or other, more honest banks will fill the void. And vote out any political rat who backs cashless totalitarianism or who supports the banking cartel. For every rodent, a trap.

This issue doesn’t get the coverage it should. Digital money in a bank’s computer is just that. Whatever it is, it is theirs. They’ll have total control over everything you “own” and they’ll be more than willing to share it with the state. The state will be more than willing to take it. This is to be the biggest reverse bank robbery in history. Treat it as such.

Fed Up With The Fed

16 Wednesday Nov 2016

Posted by perrinlovett in Legal/Political Columns

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Tags

banksters, Donald Trump, economy, Federal Reserve

Rumors circulate that Janet Yellen’s days as chairman of the Federal Reserve cartel are numbered. Bloomberg and Narayana Kocherlakota ran an article yesterday about central bank uncertainty under the Trump administration. It’s worth noting that the author is an insider, being a former Fed branch president.

Research has documented that central banks around the world have been better able to control inflation if they enjoy independence from elected officials. The election of Donald Trump seems like a good time to remind ourselves that, historically, the executive branch has presented the greatest threat to the independence of the U.S. Federal Reserve.

Since its founding in 1913, the Fed has experienced two big failures of independence…

Failures of independence. Since 1913 the Fed has been a colossal and constant failure for us though a smashing success for itself and its owners. We’d be much better off without it.

One hopes Trump will dramatically shake things up. Short of abolishing the syndicate and driving its stakeholders into the sea, that might be the best that could happen. The worst case is another bout of interference with independence. Yes, that might mean some bad things. Different bad things, rather – different from the usual badness.

20140919_sta1

Zero Hedge.

With all the potential for “bad” one wonders how on Earth we made it to 1913 without this system. That’s what I’m yellen ’bout.

Burn it down!

Why Trump Won

12 Saturday Nov 2016

Posted by perrinlovett in Legal/Political Columns

≈ 2 Comments

Tags

"Civil" War, America, Donald Trump, economy, election, politics

Facebook SJWs and campus protesters have spent the latter half of this week wringing their hands and wondering how half the country can be so racist, sexist, homophobic, and anti-everything that is anti-American as to elect Trump over the chosen Globalist Queen, Hillary Clinton. Karl Denninger masterfully answered the collective concern in an article today at Market Ticker. One, even one aware of the problems in the system, wonders how he was able to pack so much truth into one column:

Ever drive through small town America?

Hell, how about “not-so-small-town” America?

Many of these towns look like something out of a WWI or WWII European war movie. There was one factory or maybe two, but now it sits empty, weeds growing out of the parking lot as high as your head, all the windows are broken out and the roof has caved in. Over on the outskirts there’s a Walmart that pays $9/hour, but only offers 20 hours/week. The factory paid $30/hour, full-time, plus benefits and food, power, medicine and beer cost half of what it does now. 90% of what formerly were little diners and shops in the “center” of the town, which might have one actual traffic light, are gone — boarded up and often literally falling apart. There might be one bank left, a branch of a big national chain, and maybe an antique store. Maybe. All the factory jobs left for China and Mexico and everything else died when the middle-class incomes to support them disappeared. We did that as a nation with our “progressive” and “global” agenda driven by the 50%+1 that live in the closest big city 200 miles away.

The locals who used to work in the fields within 10 or 20 miles from that town are all unemployed too. Why? Because the illegal Mexicans came and we refused to throw them out. They work for a few bucks a day in cash, no taxes, no unemployment, no nothing. No American can live on that; the embedded cost of just trying to stay alive would leave you with zero. But the Mexicans work hard and then sleep 10 to a single-room apartment, which incidentally is a total ****hole as you’d expect given that density of occupation. They don’t care; it’s better than what they had in Mexico, you see, and they can Western Union home some of the money. This is the face of “immigration”, mostly illegal, that really exists in this country. They brought their third-world ****hole here and while it’s a little bit better than what they had in the process of doing it they dragged us into the gutter with them.

The people who lived in that town did and those who are still there do go to church every weekend, and some go again during the week, usually on Wednesday. There’s usually one, sometimes two churches. Every one of them has the word “God” or “Christ” in the name on the front. They mean it when it comes to their faith and in addition that’s where all the local people shake hands, exchange chit-chat on the last week and, for younger people, it’s where they meet one another. You know, girls and boys. Yeah. Faith is real there, you see, and it’s Christian. But from your point of view that’s deplorable and that “those people” don’t like the idea of making a wedding cake for a gay marriage is deserving of a federal lawsuit and loss of the bakery (which is, as a result, now closed — putting yet more people out of work.) The people who live in these towns don’t see it as a civil rights matter but rather as attacking God.

What was left after the factory was displaced isn’t enough to run a “service economy”, which is why it never showed up there and the old business buildings are all boarded up. Nobody can afford $8 lattes on a $9/hour wage for 20 hours a week and nobody would want them if they could. There’s probably a McDonalds on the outskirts, and a couple of self-serve gas stations with a convenience store. It sells cheap beer and lots of it to the locals who have nothing to do but drink and then go to church and pray for forgiveness for last night’s 12 pack. None of the jobs at any of these places, except maybe the store manager, makes more than $9/hour and Obamacare has forced all the regular workers down to 20 hours a week on top of it. Try living on $180/week gross sometime — before FICA and Medicare is taken out, never mind gas for the car and the rapidly-escalating car insurance bill — and you might understand. Yes, I know the car is 15 years old and runs like crap. What do you expect on under $1,000/month of income?

This is what 40 years of sending jobs overseas with “trade deals” did. It’s what Amazon did. It’s what Walmart and its Chinese supply line did. It’s what “progressive America” did, and then to add insult to injury the teachers in the public schools tell all the kids that Mommy and Daddy are bad people and hate both the planet and their own kids because they don’t drive a $30,000 Prius or a $60,000 Tesla.

This is everywhere in rural America. Get in your car and out of your comfort zone some time and you’ll see it. It’s not far from wherever you are. I’ve driven through dozens of these formerly-alive places in the last six months — every one of them dead today, but full of real people. I never met one such person that was a racist, xenophobic *******, but they’re not very happy, and the people they’re unhappy with are those very same folks you wanted to keep in office in Washington DC.

Karl also points out that the “red” folks out in real America still produce all of the food and power for their betters, the “blue” bed-wetters on the coasts and in the cities. Seeing as how nobody cares about them, what if they suddenly shut off the flow? Answer: the blueies would eat each other. Then, the survivors would try to come rampaging into the countryside to loot and pillage. But, and I love this, Karl points out: “Mr. Gang Banger against Mr. Deer Hunter isn’t a very fair fight, when you get down to it.”

4dfd714525ccd79c58b08f4bbef3a629.jpg

Wall St. and K St. have waged near-total war on Main St. Pinterest.

The snowflakes don’t want to consider any of this. The thugs either can’t consider it or they don’t care. Real Americans do care – even about the welfare of those who hate them – and they do not like the prospects. Funny.

It was that caring, that desire to avert civil war, coupled with self-preservation, that drove their electoral choice. And Trump must remember who elected him and why. Others might also want to figure this out. Fortunately if isn’t very hard.

The $47 Trillion Migraine

05 Wednesday Oct 2016

Posted by perrinlovett in News and Notes

≈ Comments Off on The $47 Trillion Migraine

Tags

banksters, debt, economy, Stephan Pastis, taxes

NFL viewership is in free-fall collapse and with good reason. If people are waking up, some of them may know that one of Europe’s largest banks is also collapsing. Deutsche bank is going under. This could have a dramatic effect on the EU and America also.

The 2015 annual report for Deutsche Bank runs to some 448 pages, so one rather doubts if even its CEO, John Cryan, has read it all, or has a complete grasp of, for example, its €42 trillion in total notional derivatives exposure.

Is Deutsche Bank technically insolvent? We’d suggest that it probably is, but we have no dog in the fight, having never either owned banks or shorted them. And like everybody else we assume that some kind of fix will soon be in – probably one that will further vindicate exposure to gold, both as money substitute and currency substitute. Professor Kevin Dowd, asking whether Deutsche Bank ist kaputt, suggests that the bank’s derivatives exposure is difficult to assess rationally; the value of its derivatives book

“is unreliable because many of its derivatives are valued using unreliable methods. Like many banks, Deutsche uses a three-level hierarchy to report the fair values of its assets. The most reliable, Level 1, applies to traded assets and fair-values them at their market prices. Level 2 assets (such as mortgage-backed securities) are not traded on open markets and are fair-valued using models calibrated to observable inputs such as other market prices. The murkiest, Level 3, applies to the most esoteric instruments (such as the more complex/illiquid Credit Default Swaps and Collateralized Debt Obligations) that are fair-valued using models not calibrated to market data – in practice, mark-to- myth. The scope for error and abuse is too obvious to need spelling out.”

42 Trillion Euros equals 47 Trillion Dollars. If that number is unreliable it still suggests a huge problem. And it’s one that your taxes will likely be called on to fix.

Speaking of theft … taxes, Apple is the biggest U.S. tax dodger (not Donald Trump). The software/SJW giant avoided paying $65 Billion in taxes for either the current year or last year. What a shame. That’s money that could have gone into the pockets of German speculators. We’ll just have to print money to cover for them.

In totally unrelated but much happier news Stephan Pastis will have a new compilation book out in November, Stephan’s Web:

9781449482022_frontcover

Pastis / McMeel Publishing.

It’s like Charlotte’s Web but sarcastically and self-deprecatingly humorous. Unlike Deutsch and Apple, it has real value.

The Financial Crisis Recovery Crisis

28 Wednesday Sep 2016

Posted by perrinlovett in News and Notes

≈ 1 Comment

Tags

banks, banksters, crime, Deutsche Bank, Economic collapse, economy, Federal Reserve, money, The People

Remember the financial crisis? And I mean from your own personal experience. Of course you do. Now, remember the recovery – again from experience and not what the media and politicians lied about. That ones a little harder, eh? There wasn’t much of a recovery honestly.

Now the recovery in name only is in crisis. Historically we’re due for another recession at this point. And the next one will be carrying the baggage of the last in addition to new problems.

joker_money_burn

At least the Joker had a plan – chaos.

Like the fun from 2008, this next round will center on the funny money-inflated banking industry. Deutsche Bank will be playing the part of Lehman Brothers or AIG (or both).

Europe’s biggest lender Deutsche Bank has lost more than half of its value since January, posing a threat to the stability of other banks across the continent. Some analysts are worried it could invoke a large-scale crisis, bigger than in 2008.

After a massive sell-off on Monday, Deutsche Bank’s market value shrank to €14.5 billion. In dollar terms it is only $2 billion more than the $14 billion penalty the bank faces from the United States Department of Justice over its mortgage-backed securities business before the 2008 global crisis.

Deutsche’s problems have raised questions about the health of other big European lenders. The share price of the Royal Bank of Scotland has plunged 13 percent and Italy’s UniCredit is down 12 percent this month. The Bloomberg Europe 500 Banks and Financial Services Index is down 4.2 percent for September. This is the worst result since June, when the Brexit referendum heavily hit the markets.

The problems of Deutsche Bank are putting the German government in a difficult dilemma, as it must decide whether to save the bank, whose assets are valued at about €1.8 trillion, half the size of the German economy.

Get that? A crisis bigger than 2008. That’s because this one is still tainted by the problems of 2008 which were never dealt with.

Germany is working on a rescue plan but that is just for and because of one bank. What about the others?

There was a secret rescue of sorts after 2008. The Federal Reserve printed up and gave away (loaned to be technical) about $16 Trillion. All of it went to the banks. The banks did nothing with the money; I’ve talked about this before. Maybe a third of the fake cash was gifted to foreign banks – mainly European. The same banks that are in trouble again. The numbers are hard to figure but Deutsche got hundreds of Billion$.

But that doesn’t mean it didn’t accept government rescue money during the financial crisis. Consider the following:

  • As one of the largest counterparties of failed insurer AIG, Deutsche Bank received $11.8 billion of the funds used to bail out AIG. [2]
  • The Federal Reserve made emergency low-cost funds widely available to foreign as well as US member institutions through its discount window. Deutsche Bank was the second heaviest user of such funds, borrowing more than $2 billion. [3]
  • The Federal Reserve also created a program known as the Term Asset-Backed Securities Lending Facility, which allowed banks to use their assets, including troubled or hard-to-value assets, as collateral for short term loans. Deutsche Bank was the largest user of the program, sending the Fed more than $290 billion worth of mortgage securities.[4]

To most people, who don’t make fine distinctions among the particular government programs that funneled their tax dollars to financial institutions, this probably looks an awful lot like a bailout.

This has been on my radar since at least 2013. I focused on the derivatives bubble then. It’s amazing that it has lasted this long.

And, it can’t last much longer. This crisis will probably be the main story of this fall, rather than the clown-show of the U.S. election.

Sadly, the people “in charge” have no idea how to combat these problems, which they created. Their only solutions will be more of the same. For us, that means more suffering. prepare now; this could get very rough.

Well, Then There’s Excuses

21 Wednesday Sep 2016

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

≈ Comments Off on Well, Then There’s Excuses

Tags

blog, economy, excuses, immigration, Perrin Lovett

Last night I promised a big, hard-hitting article on Western civilization, invasion, and terrorism. I had paid work today, a workout and a headache. I did next to nothing. Then I went to a happy hour party of sorts with some friendly recently graduated sorority girls and an open bar…

In short, there will be no big column today. Sorry. Tomorrow. Soon, I promise.

I looked at the news this evening. Turmoil as far as the eye can see. This story caught my eye: UN fears third leg of the global financial crisis, with epic debt defaults. It’s worth a read. It is from the Telegraph, one of the last remaining honest news agencies.

The third leg of the world’s intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history.

It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity.

Honest enough to admit to an “intractable depression” in progress. Sad but true. And they mention Bretton Woods by name. This warrants further investigation. I actually have another big draft in the works – several years in the making – my solution to the world’s debt problems. Or, at least, those in America. Maybe I can get to that in a few months.

I had been planning to write up a brief story about why you should vote for me as Sheriff. I may run for Sheriff in a few years. I have to establish residency first. I’m not even disclosing the location yet – a rural mountainous county. I will make one Hell of a Sheriff. Anyway, even that can wait.

nimbus-image-1474508123274

So, in the end, all you have are my excuses. Pretty good ones if I may say so.

On the bright side, one of the lovely young ladies I met tonight may be able to get me a discount on my twiner alternative transportation that I’ve been looking at. So Sheriff Perrin can beat a hasty retreat from the mountains to the beach and so forth. (Clovers look like the insects they are from up there.)

Blah, blah, blah … think I’ll just call it a night.

Good night!

Who’s HE Calling “Crazy”

15 Thursday Sep 2016

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

≈ Comments Off on Who’s HE Calling “Crazy”

Tags

Alan Greenspan, America, crazy, economy, Federal Reserve, government

Alan Greenspan, the former “Maestro” of the Federal Reserve, recently explained the dire straights of the American economy as he sees it from senility:

Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called “crazies.”

“It is the worst economic and political environment that I’ve ever been remotely related to,” Greenspan, 90, told a conference in Washington Tuesday evening sponsored by Stanford University and the University of Chicago.

On the economic front, the U.S. is headed toward stagflation — a combination of weak demand and elevated inflation, according to Greenspan. “Politically, I haven’t a clue how this comes out.”

“We’re not in a stable equilibrium,” he said. “I hope we can all find a way out because this is too great a country to be undermined, by how should I say it, crazies.”

Crazies. I’m not sure if this is a weak attempt to blame honest people who, upon finally waking up, are angry to find their nation in ruin, or if it is a weak admission about his own actions and those of his allies and successors.

Greenspan largely kicked off the modern era of the Fed’s Mandrake Mechanism. During his time he was dubbed “The Maestro” by Bob Woodward because his easy money strategies seemed, at the time, to temporarily lift the country and ease economic woes. There was more of a country to lift then and the woes weren’t as bad as they are now. Today they are much worse, as Greenspan admits, because of his actions and those of the Fed after his tenure.

The party is over because the magic has ceased to have effect. “Politically, I haven’t a clue how this comes out,” mumbled the Maestro. Of course, he doesn’t. The politics were never his expertise. His job was to run the money, creating it out of a thin computer. The politics were a side phenomenon.

left-to-right-janet-l-yellen-alan-greenspan-ben-s-bernanke-paul-a

Somebody forgot the cigarettes and blindfolds. Glassdoor.

The politicians were and are concerned with their own power. To them all the fake money is another side phenomenon. They haven’t a clue how it comes out economically. The fact is, neither side really cares.

That leaves the rest of us caught in the middle, trapped between two dying and angry, violent dragons, trashing about wildly. And the old leech will call anyone who expresses dismay or who tries to suggest solutions “crazy”. Well, it is all enough to make anyone crazy.

I do have a clue as to how it all comes out and it isn’t pretty. The outcome is becoming obvious to any but the most ardent and stay-at-home football fans and Pokemon fanatics. Call me crazy.

Happy Labor Day 2016

05 Monday Sep 2016

Posted by perrinlovett in News and Notes, Other Columns

≈ Comments Off on Happy Labor Day 2016

Tags

Al Bundy, America, economy, everyman, Labor Day, The People

Today is a day for everyman. It’s not just a day to cook out. It’s not just a day off. It is certainly not another occasion for state worship. Please watch perhaps the greatest Labor Day speech ever:

nimbus-image-1473076985078

Al Bundy explained (partially excerpted transcript):

Greeting, Vultures. Your meal ticket’s here.

…

Well, we can’t do something that you want, and I’ll tell you why. Because its, it’s Labor
Day, not Leech Day – that’s Christmas. It’s not Parasite Day – that’s Mother’s Day. See,this is a holiday for the working guy. It celebrates all the people who work so that allthe people who don’t… [referring to his family] …get to live longer and have more
than he does. So tomorrow, unless, God willing, I die in my sleep, I get up for me and
celebrate for me. Tomorrow is Al Bun-Day.

…

Labor Day. What does it mean to us? To answer that question, we hark back [scratches his back with the barbecue fork] to earlier times. You see, kids… while the cavewoman sat around getting fat, smoking cigarettes and watching The Phil Jabberman Show, the caveman braved the elements, risking life and limb and the pre-historic beasts, with only the hair on his back for protection… [time passes by] …In 1492, Columbus brought Labor Day to America… [more time passes] …and the women STILL did nothing! And that’s what Labor Day means to me.

-Al Bundy, Married With Children, Episode 58: Hot Off The Grill (1989).

A little sexist maybe but that was Al in a different era. You know what he was working with.

Today, think about what you’re working with and then thank yourselves for what you have. Refrain from speaking of the government at all. That institution and its owners have moved heaven and earth to rob you, to prevent you from prospering or even working at all. Staggering numbers of men are not counted in the workforce today even as we are told of the strong recovery – that never seems to fully recover.

Happy Labor Day!

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From Green Altar Books, an imprint of Shotwell Publishing

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