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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: money

A Goldman Sachs Alumnus Backs the Fed???

25 Wednesday Jan 2017

Posted by perrinlovett in Legal/Political Columns

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Tags

Federal Reserve, government, immigration, money

Of course he does. That’s written somewhere. I think it’s a law.

U.S. Treasury Secretary nominee Steven Mnuchin isn’t jumping on the Republican bandwagon to audit the Fed.

In written questions by senators following his confirmation hearing on Thursday, Mnuchin was asked about his thoughts on “politicizing decisions made by the Federal Reserve Board of Governors and the benefits of an independent central bank.”

Mnuchin’s answer was crafted carefully.

“The Federal Reserve is organized with sufficient independence to conduct monetary policy and open market operations,” Mnuchin responded to Senator Bill Nelson, a Florida Democrat. “I endorse the increased transparency we have seen from the Federal Reserve Board over recent years.”

This is a reminder that not every nominee has to be confirmed.

I wonder why the Senators didn’t ask Mnuchin about the real issues, like D.C. crowd size.

Speaking of crowds, there may soon be crowds headed for deportation. Trump is actually preparing to build that wall and to wall off sanctuary cities.

sanctuary-counties-2300

Washington Post.

The $10,000,000,000,000,000,000 Rock in Space

16 Monday Jan 2017

Posted by perrinlovett in News and Notes

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Tags

future, money, science, space, technology, terrorism

I think that’s $10,000 Quadrillion.

I was going to write something about the arrest of Noor Salman. Noor Salman, widow of the June, 2016, Orlando terrorist attacker, Omar Mateen, was arrested today in connection with the attack. Make of that what you will.

Then I saw, read about rather, the rock. It’s an asteroid named Psyche. And NASA is setting out to explore it.

The 200km-wide asteroid is currently orbiting the sun between Mars and Jupiter.

It is made up of various precious metals such as iron, nickel and gold.

Experts believe the iron alone in the rock would be worth $10,000 quadrillion – enough to cause the world’s economy, worth $73.7 trillion, to promptly collapse altogether.

Lindy Elkins-Tanton, the lead scientist on the NASA mission and the director of Arizona State University’s School of Earth and Space Exploration, told Canada’s Global News: ““Even if we could grab a big metal piece and drag it back here … what would you do?

“Could you kind of sit on it and hide it and control the global resource — kind of like diamonds are controlled corporately — and protect your market?

“What if you decided you were going to bring it back and you were just going to solve the metal resource problems of humankind for all time?”

expensive-space-rock-579037

Arizona State University.

So, why did I pick the one story over the other? Several reasons: First, I hate terrorism. At the same time I do not trust the government. You can kinda see the issues there if you look. And it’s old news. Important maybe, but dated – and I’m tired of that story. We’re sure to keep suffering fresh terrorism at any rate.

Most importantly, Noor and Omar are the past. They represent the same violent, idiocy that has plagued mankind since the days of the caveman. The asteroid represents the future. I know the thing has been around for a long time but it still points a way forward for humanity.

I do not buy the “crash the world economy” headlines – hyperbole and mere extreme example. Getting there will take 13 years and then what? As the story implies there isn’t much we could do with all that metal. Yet.

But we will need it sooner or later. Either from that giant rock or from another source.

No reason to bring it all back to earth either.

Sure, I’ll bet there are a few banksters who would love to corner the market on asteroid metals and crush the rest of us. To hell with them. They can join Omar in the dustbin. Their schemes have been and ever will be useless.

There is, however, a more worthy use of such abundant heavenly materials. Yesterday I wrote a review about the movie Passengers. The film involved the ever-so-attractive Jennifer Lawrence and some joker stranded on a big spaceship for a 120-year interstellar voyage.

That big ship was made of something. And the something had to come from somewhere. Yes, right now, we build our little ships from Earthly materials. But such a large vessel would have to be constructed in space. That means moving large amounts of material up there. And that material has other uses on this planet.

Fortunately, the Lord has given us Psyche and other giant mineral depositories along with the sketchy know-how to reach them. Eventually we could tow a big rock into intermediate orbit, say between us and the moon. Then we could set up a mining operation and an adjacent spaceship factory.

It’s cozy, if difficult. But we will do it someday – probably in the next 200 years or so. We can also expect to find gases and nuclear materials for propulsion out there too. Some day we will build and operate the big ships on big missions. And, as in the movie, they will be private property.

NASA is doing the groundwork, now, similar to Ferdinand and Isabella’s financing of Columbus. As the oceans are, today, the realm of free enterprise and private affairs, so space will be later.

When? No idea. But it is kind of cool to think about. In fact, it rocks… Get it? Rocks? Rock in space… eh….

UnCivil Forfeiture: The Highwaymen Ride Again

08 Thursday Dec 2016

Posted by perrinlovett in Legal/Political Columns

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civil forfeiture, government, money, police, theft

Do not EVER consent to a search by the highwaymen police. I’ve written about this evil before. Today Mark Nestmann further explores the uncivil nature of “civil” forfeiture in the United States:

But it’s not just state and local governments that are getting in on all the fun. Federal law has authorized civil forfeiture since the dawn of the Republic more than two centuries ago. And it’s become quite profitable. The Department of Justice alone seized more than $4.5 billion in 2014. It’s just one of many federal agencies with the authority to confiscate property under federal civil forfeiture laws.

That should come as no surprise. In 1989, the Supreme Court actually ruled the federal government has a legitimate financial interest to maximize forfeiture revenues. Since then, federal agencies have developed highly sophisticated techniques to do just that.

Take the Drug Enforcement Administration (DEA), for instance. Earlier this year, an investigation revealed that the DEA routinely carries out “data mining” of Americans’ travel information to build profiles of individuals who might be carrying large sums of cash. Using a nationwide network of travel industry informants, the DEA gives special attention to individuals who meet secret “drug courier” profiles, such as buying one-way tickets or purchasing their tickets with cash. Amtrak and airline employees who pass information on to the DEA are eligible for generous commissions if the tip leads to a seizure.

Over the last decade, the agency has seized at least $209 million in cash from 5,200 passengers. In the vast majority of cases, the passengers weren’t arrested; they were given a receipt for the seized cash and sent on their way. For instance, of 1,600 DEA forfeitures in Los Angeles in the last 10 years, only one was in connection with a criminal investigation.

Are you outraged? You should be – and it’s probably about to get worse. President-elect Donald Trump has proposed a “Restoring Community Safety Act” that he claims will reduce “surging” crime in America’s cities. But the fact is that violent crime nationwide has actually been falling for the last 25 years. Given the love affair police at all levels of government have for civil forfeiture, it’s inconceivable that a Trump anti-crime bill won’t further unleash the forfeiture squads in America.

assetforfeiture

Common Sense.

Law and disorder in Amerika. Beware.

 

 

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.

Never, Ever, Ever Trust The Empire

23 Sunday Oct 2016

Posted by perrinlovett in Legal/Political Columns

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Tags

America, banksters, Empire, fraud, government, government evil, lies, money, National Guard, soldiers, standing army, The People, War, Washington

Lesson in the Evils of Government, number 11,897,654,365,114,701: Thousands of California soldiers forced to repay enlistment bonuses a decade after going to war. The LA Times:

Short of troops to fight in Iraq and Afghanistan a decade ago, the California National Guard enticed thousands of soldiers with bonuses of $15,000 or more to reenlist and go to war.

Now the Pentagon is demanding the money back.

Nearly 10,000 soldiers, many of whom served multiple combat tours, have been ordered to repay large enlistment bonuses — and slapped with interest charges, wage garnishments and tax liens if they refuse — after audits revealed widespread overpayments by the California Guard at the height of the wars last decade.

Investigations have determined that lack of oversight allowed for widespread fraud and mismanagement by California Guard officials under pressure to meet enlistment targets.

But soldiers say the military is reneging on 10-year-old agreements and imposing severe financial hardship on veterans whose only mistake was to accept bonuses offered when the Pentagon needed to fill the ranks.

“These bonuses were used to keep people in,” said Christopher Van Meter, a 42-year-old former Army captain and Iraq veteran from Manteca, Calif., who says he refinanced his home mortgage to repay $25,000 in reenlistment bonuses and $21,000 in student loan repayments that the Army says he should not have received. “People like me just got screwed.”

…

The problem offers a dark perspective on the Pentagon’s use of hefty cash incentives to fill its all-volunteer force during the longest era of warfare in the nation’s history.

Even Guard officials concede that taking back the money from military veterans is distasteful.

“At the end of the day, the soldiers ended up paying the largest price,” said Maj. Gen. Matthew Beevers, deputy commander of the California Guard. “We’d be more than happy to absolve these people of their debts. We just can’t do it. We’d be breaking the law.”

The soldiers were paid, paid the price, and then got screwed. That pretty sums up the ordinary run-in with the state.

This story serves as a stark warning. The California Guard, the Army, the Pentagon, the Treasury, and the rest of Washington are simply not to be trusted. Ever. With anything. Believe nothing they say. Do nothing the ask. Accept nothing they offer. Flee them. They are evil.

And the line about “breaking the law” is a bullsh!t excuse. They didn’t mind breaking the law to go to war without a declaration. Or based completely on lies. They didn’t mind breaking the law when the banksters needed people to die so they could illegally profit from funny money not controlled by Congress. Only now, and only concerning the little people, is the law and honesty in finance important.

How much, total, could these bonuses have cost? $15 Million? $50 Million? $1 Billion? Why so much effort and persecution over so trivial an amount – if they even know how much they’re after. This is, after all, the same sorry outfit that cannot account for $6.5 Trillion, misplaced they know not where. No matter, except where the pennies of the soldiers are concerned.

The soldiers should be concerned. First, with their paid status. “Soldier” means, from the ancient Roman world, one who is paid to fight for the government. The term derives from the Latin, solidus, “solid” currency, as was the pay to the legions.

payagent

“We’ll just need this back after your legs are blown off and your kids are in college.” Fallon.

The Founders favored militias as a superior form of defense. Militiamen, literally fighting for their homes and families, are the best way to defend a Republic or a free state. Paid, professional soldiers are the tools of monarchs, tyrants and empires. And our Empire pays, then demands the money back. Indian giving, to be politically incorrect.

Second, those California guardsmen and the rest of the concerned public, should look at the employment status of the Guard as a whole. A few still maintain the lie that the N.G. is the modern militia. In truth it is only a reserve force for the regular, standing Imperial military. About the same time the several States foolishly traded their representation, tax authority, and currency to the charlatans on the Potomac, they also legally gave up their militias. The replacement “defense forces” generally serve as little more than traffic directors and storm cleanup agents. All of the power went to D.C.

So it was, that in 2005 when Hurricane Katrina came calling, the people of the Gulf found themselves short on first responders. The Louisiana Guard, being at the time in federal service, was far away keeping the world safe for banking profits. Pathetically, but still thankfully, the first military assistance came to New Orleans from Mexico and Canada.

The third consideration is the usage of the professional military – not for defense, but for profiteering and international meddling.

The final consideration, obviously, is the lying, cheating, back-stabbing ways of the government. Why any can still come to volunteer for this fraudulent force is a mystery. They can’t all be in it for the transgender benefits.

As this story serves as a warning, so let it serve as a call to action for all those who “support the troops”. They should shake the halls of Congress until the injustice is abated.

They won’t. They will make less murmur than they did about the underlying illegal wars themselves – wars we’re still fighting fifteen years later and with no end in sight. Millions will march on, enthusiastically paying their taxes and voting to continue the fraud.

Perhaps these lessons are learned by a few.

Economics , Common and Otherwise

09 Sunday Oct 2016

Posted by perrinlovett in News and Notes

≈ 1 Comment

Tags

economics, money

Another survey showed that Americans, by and large, have no money. 70% have virtually no savings and 34% have $0 held back. It is, after all, hard to save what doesn’t exist.

Still, overall (and it’s a stretch), America ranks about where it has economically for the past ten years or so. The nation came in at Number 11 in this year’s Economic Freedom Index by the Heritage Foundation.

The rankings always jump out at me. This year both the top set and the bottom caught my eye.

Look at the “free” economies:

nimbus-image-1476028100397

Heritage.

The all have a few things in common if you think about it. So do those countries at the bottom, generally not even worth considering:

nimbus-image-1476028137624

Heritage.

With the exception of two of those “lowest” countries, the rest all have something in common. You can probably guess what it is. Sudan almost falls in with the majority; Liechtenstein is in a class all its own.

I may be back with more on this later. Think about it for now. These things are all interconnected and relate to issues far beyond mere money.

Now, if you don’t feel like thinking at all: I understand that multiple sets of overweight, low-IQ, pink-clad felons will be kneeling, fisting, and grabbing each other today on the TeeVee. Some call it entertainment.

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.

Julian Assange is About to Ring a Bell. Will Any Americans Listen?

08 Thursday Sep 2016

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

≈ Comments Off on Julian Assange is About to Ring a Bell. Will Any Americans Listen?

Tags

America, corruption, government, Iran, Julian Assange, money, The People

Wikileaks founder Julian Assange is preparing to release previously sealed FBI information on Hillary Clinton. He says his organization may start “teasing” the public as early as next week. It’s possible that Assange may have even more data than the FBI turned over to Congress recently.

nimbus-image-1473384606888.png

If the tease comes, one can only hope the American people are receptive. Instructions are going around Congress to keep the information quiet until after the November election. Nancy Pelosi has essentially given marching orders to Paul Ryan. Ryan, armed with the steel of a jellyfish, will certainly comply. The media can’t really be trusted either.

This only leaves people like Assange, Edward Snowden and Brad..Chelsea(?) Manning to deliver critical information to the people. It’s really amazing at the corruption which has been revealed over the past few years and the lack of a reaction from most citizens. This is worse than horses running back into the burning barn. This is like the horses returning while bearing gasoline.

And the fires get worse every day. The Obama administration recently paid $400 Million to Iran as part of an international court settlement. There was a distinct ransom angle too but at least there was a valid reason for the payment. And, theoretically, the money belonged to Iran in the first place. That $400M was supposed to be the first installment towards the $1.7 Billion settlement.

Then we discovered that the U.S. paid Iran not $1.7B but $11.9 Billion. In addition to the settlement funds, this payoff was also authorized under the atomic energy non-treaty reached by the Administration.

Now, it seems that $11.9 Billion was really $33.6 Billion! And the government honestly doesn’t know how much they’ve paid Iran. That’s startling but not unexpected. This is the same government that just acknowledged losing track of $6.5 Trillion!

Where in the world does that money come from? And where does it go? $6.5 Trillion is one and a half’s years worth of federal budget. It’s unbelievable or would be if we were dealing with any group but Washington.

When will the people finally wake up? This country is being destroyed by a band of idiots and criminals. It’s slightly more important than Pokemon, football, and who goes in which restroom. God willing, Assange’s tease will get some traction.

Wake up!

Best (Worst?) of the Web: Some News

15 Monday Aug 2016

Posted by perrinlovett in News and Notes

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"Refugees", America, crime, Donald Trump, Europe, internet, money, police, savages, terrorism, violence

I cultivated several stories I wanted to cover today. Rather than make a post out of each I have decided to combine them here. They’re all interesting if a little disquieting. Enjoy:

“He white – beat his head – bitch!”

An actual quote from a riote … er … urban social enthusiast in Milwaukee this weekend. The vibrants were out in force, having a good, innocent time. Much of the action was caught on camera.

The clip shows angry rioters chanting “black power!” before asking “is they white?” as cars slowly drive past.

“Yeah they white!” states someone else, prompting the mob to run towards the vehicle.

“Yeah they white, get their ass!” screams another.

“Hey they beatin’ up every white person!” exclaims another rioter.

“He white – beat his head – bitch!” he adds.

The footage appears to show the mob attacking cars and trying to drag out the drivers.

The SJWs in the room would remind you that this is not racism. It is and it really won’t end well. “He white! Get that muth … [expletive!] … He got a gun!” And guns are the answer to this blight on civilization. Think you can or should call the cops to save you? Think again…

Innocent Georgia Family, Victimized by Police, Still Hanging in the Breeze.

Last year I told you about the McKinley family of metro Atlanta. They were at home minding their own business when the cops broke in (mistakenly). Mr. McKinely was shot in the leg, his dog was killed, and his family traumatized. The idiot cops also managed to shoot each other.

A year later the family still hasn’t gotten any answers although police did give them some of the blame. This incredible insult to injury followed with even more official incompetence and corruption. The family is planning to sue. They should seek an injunction effectively disbanding the police department.

As if our domestic thugs and trigger-happy, moron police aren’t enough…

“Refugees” are Smashing Cars Just for Fun.

In Calais, France migrant savages are having a fun time smashing stopped cars on the local roads. The situation in Europe is completely out of control.

A number of people have left comments of support, and expressing anger at the situation in Calais. Nathalie Brioit said it is “a shame they have all the rights,” while Marine Gabrielle confessed “I no longer use the highway as I’m so scared.”

The damage comes just weeks after lorry drivers using the route warned yet again that it is only a matter of time before someone is killed by a migrant. In early August a driver was threatened by a migrant wielding a chainsaw during a night of violence which also saw lorries burned out.

…

“You’re leaving work and then you’re attacked by migrant shits just for fun – it disgusts me!” commented Maëva Mayla, in a post which has been shared by more than 6,000 people.

I’m proud of Mayla for correctly calling them what they are: migrant shits. That’s a good start; identify the problem. Then comes solving it. I do not as of yet know who let the dogs out. But I do know who let the shits in. They have names like Merkle, Cameron and Hollande. When the savages are repatriated, these louts need to go with them. That, or to the gallows.

f194ce23ac5c66899b2f0530c8eea4ba

“Refugees” having fun on the roads. Pinterest.

By the way, by computer, tablet, or phone, you’re reading this sentence by way of the internet.

Donald Trump Wants to Ban the Internet.

A friend reminded me that the Donald made that remark last December in a speech about extremism (on the internet, not his in wanting to ban the internet). I actually checked with Snopes and it checks out partly true. He’s not calling for a total ban. Instead he wants Bill Gates to tell him which sites need to be shut down. I’m not sure how this would work but, knowing the government, due process would not be included.

If they’re after extremists, go after the extremists. They’re easy to find (see the above stories). Leave me and my website alone. Less freedom is never the answer – with the web or with money…

Goodbye Cash.

Retail stores in Sweden have stopped taking cash and some think America needs to follow. Funny, Sweden bans cash but welcomes violent rapists and Mohammadens. Interesting.

Cash isn’t in any danger of disappearing, but maybe it should: The U.S. has much to gain by phasing out cash, according to researchers from Tufts University. Writing in the Harvard Business Review, they noted that the U.S. spends $200 billion each year to keep cash in circulation. (China also has high costs related to reliance on cash, they noted.)

Wouldn’t it be easier for the Tufts researchers to move to Sweden? They’re probably not violent and backwards enough but they could give it a try.

The problem here is the total and complete control the elites in government and banking want over your money. If there’s no way for you to physically hold it, it isn’t really yours. One button press and they could have it all. That, and they will know each and every purchase you make. I know, I know. If you’re not doing anything wrong, you have nothing to worry about. Just like that Atlanta family.

I’m Perrin Lovett, and that’s news to me.

 

*Ads below this line are not mine.

 

 

If You Like Your High Prices, You Can Keep Your High Prices: Ailing ObamaCare

12 Friday Aug 2016

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

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Tags

America, government, insurance, money, ObamaCare, taxes

Either Donald or Hillary will face many challenges come January. (One wonders why any sane person would want such a job.) Among them is the rapid deterioration of ObamaCare. The program is in very real danger of failing at least one of its primary goals, insurance company profits.

The Obama administration has struggled for several years to bring young, healthy people into the marketplaces, which is needed to offset the medical costs of older and sicker customers.

These problems are coming to light this year, as insurers get their first full look at ObamaCare customer data. Some, like UnitedHealth Group, say they’ve seen enough and are already vowing to leave the exchanges.

Levitt and other experts warn that if the numbers don’t improve this year, more insurers could bolt. That would deal a major blow to marketplace competition while also driving up rates and keeping even more people out of the exchanges.

The answer is going to be higher (much higher) health insurance premiums for all who currently pay. Rates in some states are set to rise another 40-60% immediately and on top of other recent increases. How’s that for “affordable”? A few of the con-men say this will be a mere one-time offset. Aside from previous increases and those sure to follow, it will be.

nimbus-image-1471007890582

ObamaCare was legally justified by the Nine of Minas Morgul as just another tax. I wrote about that in my first substantive column here, over four years ago. Taxes don’t just steal money of their own accord. They also bring higher regulatory costs, inflation, and higher prices to boot. Thus, their destructive nature. Insurance companies were designed for one thing – to make money for themselves. They will keep doing so at your expense. If you like your money, you will lose your money.

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From Green Altar Books, an imprint of Shotwell Publishing

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