Posted tagged ‘Export Import Bank’

Must Reads For The Week 11/7/15

November 6, 2015

Yellen Says Negative Rates On Table “If Outlook Worsens“, at zerohedge.com. The Fed has kept their interest rate at zero percent for the last six years. After talking about raising the rate for almost two years, they couldn’t even raise it a quarter of a point in October. Now they are floating the idea that of a negative interest rate. I have a few questions. Do you think our economy is improving or fragile? Does the Fed really think the economy is improving? Is the Fed just propping up the financial markets at our expense?   Some of the answers are in this article, Fed Admits “Something’s Going On Here That We Maybe Don’t Understand, at zerohedge.com.

The Unseen Victims Of Export-Import Bank Cronyism, at economicpolicyjournal.com. This is bi-partisan crony capitalism. More democrats than republicans voted for Ex-Im reauthorization.

Bernie Sanders Bashes Uber, Uses It For His Taxi Rides, by Blake Neff, at thelibertarianrepublic.com. This is typical. People who hate the free market blast it, while benefiting from the goods and services created by the free market. They have no idea where all their stuff came from.

Airbnb Wins In San Francisco Vote, at targetliberty.com. The leftists in San Francisco stood up for property rights and against the hotel industry. Is this an aberration, or a ray of hope?

Pot Battle In Ohio, at mises.org. In spite of the cartel members spending millions of dollars advertising issue 3 as  marijuana legalization, Ohio voters understood that issue 3 was going to create a cartel for growing pot voting it down almost 2 to 1.

China Two-Child Policy Not Valid Until March, Government Says, at bbc.com. How many people know that China had a one child policy? The Chinese Government said they were changing because of China’s aging population, and to help their economy.

Muslim Man Warns German: “We Will Marry Your Daughters And Conquer You With Births” at zerohedge.com. Demographics is destiny. Mark Steyn wrote about this in America Alone.

Johnny Can’t Read Or Add, at tammybruce.com. All the money we spend on education isn’t benefiting the students. It’s benefiting the teachers unions and school administrators.

For World Health Organization, Red Meat Is A Red Herring, by Yuri Multsev, at mises.org. Excerpt from the article. “This new anti-meat campaign, however is not about your health, but about the “health of the planet”. WHO’s attack on meat is happening just before the Paris gathering on global warming and is a part of the slow motion socialist revolution poorly disguised as “climate change awareness”.”

Why Are More Young Adults Still Living At Home, at stlouisfed.org. Student loan debt, higher housing prices, and unemployment or low paying jobs are the reason given by the St. Louis Fed. It’s funny that all these reasons were caused by the Federal Reserve electronically printing counterfeit money and its zero interest rate policy.

It Begins: Government To Pay Doctors To Tell Patients To Kill Themselves, at economicpolicyjournal.com. Excerpt from the article: “When you are a drain on government coffers rather than a taxpayer, and the crony health insurance sector fears you will become expensive to keep alive, the government would rather see you dead.

Must Reads For The Week 10/23/15

October 24, 2015

A Challenge To The GOP From Bernie Sanders: Put Up Our Shut Up On Capitalism, by Dan Mitchell, at freedomandprosperity.org. Sanders is correct for wanting reporters to ask Republicans: ‘are you a capitalist’. Socialism is government ownership of the means of production. Sanders and Hillary don’t want socialism. They want government intervention, redistribution and crony socialism. Capitalism is private ownership of the means of production. Republicans candidates think they want capitalism. But what they propose is varying degrees of government intervention, redistribution, and crony capitalism. It’s going to take decades of elections to replace politicians who have this mindset with people who understand free markets and liberty. Inch by inch.

Sanders, Trump, and John Maynard Keynes, by Hunter Lewis, mises.org. Sanders thinks our current Keynesian crony capitalist system is capitalism. Trump thinks our current Keynesian crony capitalist system is socialism. Their cure is more government intervention in different ways. Sanders wants redistribution of wealth, and Trump wants a mercantilist attitude about trade.

Donald Trump’s Contempt For The Free Market, at economicpolicyjournal.com. Trump wants to stop Ford from building an auto plant in Mexico by putting a tariff on the goods Ford will bring in from Mexico. Government regulations and taxes incentivized Ford to move the plant. So instead of using more Government force to create different incentives, why not get rid of the regulations and taxes that produced the original incentives?

My Letter To The NY Times re: My Advice To The ECB And The Fed, by Patrick Barron, at patrickbarronblog.blogspot.com. Excerpt from the article. “If the Fed wishes to prevent financial crises, it only needs to stop initiating them. The Fed’s hubris that it can fathom the proper interest rate for our vast and complex economy must rank among the greatest fallacies of all time. The Fed sees the world through the completely discredited Keynesian lens which posits that aggregate demand–what the rest of us know simply as spending–is the path to prosperity. Anyone who believes this nonsense need ask himself why he has not liquidated his own savings on frivolous consumption…

Global Stocks Soar On Surprise China Rate Cut, by David Gaffen, at reuters.com. Is anyone shocked that global stock markets soared when China’s central bank cut interest rates and the European central bank said they will increase the size of its quantitative easing (electronically printing counterfeit money) program? How strong is the world economy when the central banks of China, Europe, and the U.S. have to lower interest rates and print money to keep it afloat?

The Cronies: Half Of All Export-Import Bank Benefits Go To 10 Companies, at economicpolicyjournal.com. The Exim Bank, backed by your tax dollars, finances transactions so foreign customers can buy from American companies. These are transactions that private banks wouldn’t make because of the commercial and political risks inherent in these deals. It’s easier to be risky when it isn’t your money. By the way, does this seem like a money laundering scheme?

A Tax I Can Support, by Per Byland, at mises.org. This just might work. Unfortunately politicians would never pass it.

Justin Trudeau Elected Canada’s Prime Minister; Young Liberal Star Compared To Obama, at mercurynews.com. How could this happen? Were Canadian citizens not aware of what has been going on South of their border over the last seven years? Oh wait! What about this article? Obama Campaign Team Hands Canada Over To Lib-Left, at canacafreepress.com.

Is The New Higher Seattle Minimum Wage Destroying Restaurant Jobs In Seattle? at economicpolicyjournal.com. The answer is yes. Because the law of supply and demand states: Less is demanded at a higher price. This includes labor.

Actors In Los Angeles File Lawsuit Against Actors’ Equity Over Wage Hike, at latimes.com. I guess a minimum wage increase is only cool when it doesn’t affect you.

Michigan Governor Signs Bills Reforming Civil Asset Forfeiture, theoaklandpress.com. Some good news for liberty.

Rhonda Rousey Shuts Down Feminist.

There’s a difference between merit and value. You don’t get payed for how hard you work. You get paid for the value you produce. Who works harder; a man with a shovel digging a ditch, or a man on a backhoe digging a ditch? It doesn’t matter. The real question is; who produces the most value?

 

Ted Cruz Tells The Truth About McConnell, Reid, The Senate, and Crony Capitalism

July 27, 2015

Last Friday Senator Ted Cruz took to the floor of the Senate and did something very few politicians do, he told the truth. He tells it like it is about republican majority leader Mitch McConnell, minority leader Harry Reid, career politicians in both parties, republican leadership, how the Senate operates, the Export Import bank, and the crony capitalist corporate welfare system our Government has become. He pulls back the curtain and allows us to see what really goes on in congress, although many of us have a good idea. Here is the video of his speech. Watch it all. It is one of the best you will ever see and hear.

Here are some excerpts:

“The majority and minority leader, arm and arm, should not team up against the American tax payers.”

“we loot the taxpayer to benefit wealthy powerful corporations.”

“Do you know what he (McConnell) didn’t bring up (for a vote). Is my amendment to end the congressional exemption from Obamacare the corrupt deal Harry Reid cut with President Obama to exempt members of congress. We ought to live under the same rules as everyone else. But the majority leader doesn’t want to vote on that.”

CONSLUSION

Ted Cruz should be applauded for standing up to power. I’m sure Senator McConnell will not say anything about what Ted Cruz said in hopes that it will go away quickly. McConnell will not forget this and will pick his spot to chop the legs out from under Cruz. Probably after Ted Cruz finds a horse head in his bed.

I’ve said this before but it is worth repeating. The battle is not between the R and the D. The battle is between big government central planners in both parties and each individual citizen. We should not allow ourselves to be split up into groups and pitted against each other for their political gain. We should consider ourselves one big gang of individuals who all want the same thing, Government out of our lives. We should be free to make our own decisions and not be dictated to. A gang of individuals couldn’t be ignored by politicians.

As Ted Cruz stated, “the majority and minority leader, arm in arm, should not team up against the American people“. It is time for us to team up and force politicians to shrink government.

Related ArticleSenator Ted Cruz Stirs Up A Hornets Nest, at austrianaddict.com.

Related ArticleTed Cruz Lets Us See The Magic Show From Behind The Curtain, at austrianaddict,com.

Related ArticleTed Cruz Is A Thorn In The Side Of Big Government Democrats And Republicans, at austrianaddict.com.

 

Must Reads For The Week 6/27/15

June 27, 2015
The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

I’d Never Make It As A Politicians Aid, by Chris Rossini, at targetliberty.com. Looking at the minimum wage from a different prospective. Logical consistency by politicians is not a requirement for holding office.

Instead Of Killing America’s Shale Revolution With Increased Production, The Saudis Have Jump Started Shale 2.0, by Mark J. Perry at carpediemblog. We are the most productive and innovative people on the planet. Saudi Arabia doesn’t know who they picked a fight with. The only entity that can snatch defeat out of the jaws of victory is our Federal Government.

Jeff Immelt, The Jobs Czar From Hell Threatens To Off-Shore Jobs Unless Ex-Im Bank Is Extended, at davidstockmanscontracorner.com. The Export-Import bank finances big corporate exports to make them competitive abroad. What are the odds of congress letting the Ex-Im renewal date go by the wayside? Slim to none. Your tax dollars being used to prop up big business. This is nothing more than corporate welfare, and Immelt is a welfare pimp.

A Chip That Mimics Human Organs Is The Design Of The Year, by Liz Stinson, at wired.com. Organs on chips? These chips mimic human organs and decreased dependence on animal testing and decreases the time and cost of developing drugs.

Scientists Invent Artificial Leg That Allows Amputees To Feel Real Sensations, at odditycentral.com. The title says it all.

Vatican Bans Skeptical Scientist From Climate Summit, at targetliberty.com. I guess the Pope didn’t want his “infallibility” challenged.

Buying A Car Could Soon Be A Thing Of The Past, And Ford Is Desperate To Find Out What’s Next, by Drew Harwell, at washingtonpost.com. Ford is thinking out side the box about the future of sales.

5 Eye Opening Facts And Figures On No Knock Warrants, by Sean Piccoli, at newsmax.com. Only 7% of no knock warrants were for hostage crisis, barricades, or active shooters. The other 93% probably shouldn’t have been issued.

Myths Of American Gun Violence, by John Lott, at nydailynews.com. “After adjusting for America’s much larger population, we see that many European countries have higher rates of death in mass shootings.” John Lott is the go to guy on gun statistics.

Greece Illustrates 150 Years Of Socialist Failure In Europe, by Patrick Barron, at patrickbarron.blogspot.com. Excerpt from the article, “Socialism will not work, whether in one country, a multi-state region such as Europe, or the entire world. Ludwig von Mises explained that socialism is not an alternative economic system. It is a program for consumption. It tells us nothing about economic production.”

Monty’s Musings, at economicnoise.com. A few examples. – “Government can’t create prosperity, but it can destroy it.” -“Most academicians have been educated well beyond their level of competence.” – “Nothing moral can be achieved via coercion.”

LETS FINISH WITH SOME LAUGHTER

Abbot And Costello Explain The Unemployment Situation, at zerohedge.com. Using the “Who’s on first” schtick to explain how Government calculates the unemployment rate.

This clip of Carnac  brings back good memories of Johnny and Ed making me laugh. This has nothing to do with anything other than laughter.