Category: Society

  • Druckenmiller: Old Stealing From Young

    Druckenmiller, who is known to be media shy, told Bloomberg TV that he sees “a storm coming, maybe bigger than the storm we had in 2008, 2010” and it has to do with a demographic bubble.

    “But the demographic storm is just starting now. It reminds me of ’05 when people just extrapolated housing prices going up for 50 years…Everyone sorta lives with their rulers in the past and doesn’t look at coming changes,” he said.

    What’s happening, he explained, is we have a working population now where the current workforce pays for the benefits of the seniors. Since 2000, there have been about 4.5 to 4.8 workers per retiree. He said by 2050 it will be only 2.4 workers per retiree.

    He told Bloomberg TV that people like him need to speak out about this issue. Just to be clear, he’s not against the seniors.

    “And let me just say one thing. I am not against seniors, okay. I love seniors. Unfortunately I’m going to be one in the not-too-distant futures. What I am against is current seniors to me stealing from future seniors.”

    via Business Insider. (Video at the jump.)

    Now is the time we should be saving money like mad.  Paying off debt and getting ready for the massive exodus of retirees from the workforce. Instead we’re spending like drunken sailors and not worrying about tomorrow. (Tomorrow never comes.)

    Right now millions of savings from boomers still flow into the market each week.  The money has to go somewhere.  This is artificially keeping stock prices high and bond rates low.  There will come a day soon when the net flow of money is not INTO the market but OUT.  Retirees will be pulling money out so they can pay bills and buy food.  When that happens look out!!

    The markets will turn upside-down overnight.

    Prepare.

  • A Black Man in a KKK Hood: Race & Crime in Philly

    In 2013, no one expects to see a man dressed in a Ku Klux Clan robe mid-morning in Center City, Philadelphia.  …

    The man, who stood on the corner of 13th and Filbert on Tuesday, is not out to lynch or kill black people. In fact, he is black.Thirty-five-year-old Sixx King says he’s using the offensive symbol to highlight a serious problem: black on black crime.

    “We’re bringing awareness to the black hypocrisy, complacency and apathy in the African-American community,” said King.

    According to the FBI, in 2011 more than 7,000 black people were killed. King’s sign reads that the KKK killed 3,446 blacks in 86 years, while black on black murders surpass that number every six months.  …

    Phelps-Washington rallied with King. Her son, Christopher, was among the 324 murdered in Philadelphia in 2011. Police say 85% of those killed that year were black.via CBS Philly.

    I wrote a couple of weeks ago about how in Chicago blacks are 32.9% of the population but represent 78.7% of gun homicide victims.

    According to the census Philadelphia is 43.4% black.  Here we’re told that 85% of those murdered in Philly are black.  This is as I predicted two weeks ago.

    It is unfair and unjust that this does not get major media attention.  Years of neglect and failing schools have crippled inner cities and made them extremely violent places.  We’ve failed the young people in these places.

    Kudos to Mr. Sixx King for his bringing attention to the issue.  I hope he gets some results in Philly.

  • Illinois Pensions — A Simple Primer

    I found this while at the Khan Academy.

    [youtube http://www.youtube.com/watch?v=Tczu_dvVuuk]

  • No Warrant Required: The G Knows Everything About You

    … by law, utilities must hand over customer records — which include any billing and payment information, phone numbers and power consumption data — to the DEA without court warrants if drug agents believe the data is “relevant” to an investigation. So the utility eventually complied, after losing a legal fight earlier this month.

    Meet the administrative subpoena (.pdf): With a federal official’s signature, banks, hospitals, bookstores, telecommunications companies and even utilities and internet service providers — virtually all businesses — are required to hand over sensitive data on individuals or corporations, as long as a government agent declares the information is relevant to an investigation. Via a wide range of laws, Congress has authorized the government to bypass the Fourth Amendment — the constitutional guard against unreasonable searches and seizures that requires a probable-cause warrant signed by a judge.

    In fact, there are roughly 335 federal statutes on the books (.pdf) passed by Congress giving dozens upon dozens of federal agencies the power of the administrative subpoena, according to interviews and government reports. (.pdf)  …

    With the data the Alaska utility handed over, the DEA may then use further administrative subpoenas to acquire the suspected indoor-dope growers’ phone records, stored e-mails, and perhaps credit-card purchasing histories — all to build a case to acquire a probable-cause warrant to physically search their homes and businesses.

    via Wired.com.

    It’s out of control.

    A rebellion is coming.

  • Wanna See Our Future?

    Hundreds of people jostled for free vegetables handed out by farmers in a symbolic protest earlier on Wednesday, trampling one man and prompting an outcry over the growing desperation created by economic crisis.

    Images of people struggling to seize bags of tomatoes and leeks thrown from a truck dominated television, triggering a bout of soul-searching over the new depths of poverty in the debt-laden country.

    “These images make me angry. Angry for a proud people who have no food to eat, who can’t afford to keep warm, who can’t make ends meet,” said Kostas Barkas, a lawmaker from the leftist Syriza party.

    Other lawmakers from across the political spectrum decried the images “of people on the brink of despair” and the sense of “sadness for a proud people who have ended up like this”.

    People have seen their living standards crumble as the country faces its sixth year of recession that has driven unemployment to record highs.

    Greece has been forced to push through painful wage and pension cuts demanded by its European Union and International Monetary Fund lenders as the price of bailout funds to avert bankruptcy.

    FARMERS ANGRY

    Greek ships sailed again from the busy ports of Piraeus and Rafina on Wednesday after the government ordered seamen to end a six-day strike aimed at securing wages and union rights.

    At dawn, smiling passengers who had been stranded at Piraeus carried their luggage across the port, relieved to be boarding the ships.

    But in northern and central Greece, farmers protesting high production costs and fuel prices placed their tractors on the sides of highways, threatening to block the country’s main road artery if not satisfied.

    In the capital, bus and trolleybus workers held a four-hour work stoppage, as did journalists at state broadcasters.

    The free food handout in Athens began peacefully as hundreds of Greeks lined up in advance outside the agriculture ministry, where protesting farmers laid out tables piled high with produce, giving away 50 metric tonnes (55.11 tons) of produce in under two hours.

    Tensions flared when the stalls ran out of produce and dozens of people – some carrying small children – rushed to a truck and shoved each other out of the way in the competition for what was left.

    One man was treated for injuries after being trampled when he fell to the ground in the commotion.

    “I never imagined that I would end up here,” said Panagiota Petropoulos, 65, who struggles to get by on her 530-euro monthly pension while paying 300 euros in rent.

    “I can’t afford anything, not even at the fruit market. Everything is expensive, prices of everything are going up while our income is going down and there are no jobs.”

    via Reuters.

    I’m willing to consider any logical and rational explanation as to why this won’t happen here.  But frankly, I don’t see how it can be any other way.

    Our debt to GDP ratio is now just over 100%  in that we have over $16 trillion in debt and a estimate 2012 GDP of $15.8 trillion.

    As recently as 2007 Greece’s ratio was a mere 105.1.  Today it’s 157.  How did this happen so quickly?  Because the debt kept growing faster that the economy was expanding; they economy was actually contracting for awhile (as was ours.)

    Spend a few minutes over at Shadow Government Statistics and you’ll see that sound economists believe this is exactly what is happening here.  Our debt keeps growing and growing and the economy is actually shrinking.

    This wouldn’t be the first time your government was lying to you.

    Tough times ahead.  Plan accordingly.

  • Gun Laws and Common Sense

    Karl Marx summed up Communism as “from each according to his ability, to each according to his needs.” This is a good, pithy saying, which, in practice, has succeeded in bringing, upon those under its sway, misery, poverty, rape, torture, slavery, and death.

    For the saying implies but does not name the effective agency of its supposed utopia. The agency is called “The State,” and the motto, fleshed out, for the benefit of the easily confused must read “The State will take from each according to his ability: the State will give to each according to his needs.” “Needs and abilities” are, of course, subjective. So the operative statement may be reduced to “the State shall take, the State shall give.”via The Daily Beast.

    This is an amazing piece.  If you have not read you should.

    Two more quotes:

    Rule by bureaucrats and functionaries is an example of the first part of the Marxist equation: that the Government shall determine the individual’s abilities.

    As rules by the Government are one-size-fits-all, any governmental determination of an individual’s abilities must be based on a bureaucratic assessment of the lowest possible denominator.

    and…

    The Left loves a phantom statistic that a firearm in the hands of a citizen is X times more likely to cause accidental damage than to be used in the prevention of crime, but what is there about criminals that ensures that their gun use is accident-free? If, indeed, a firearm were more dangerous to its possessors than to potential aggressors, would it not make sense for the government to arm all criminals, and let them accidentally shoot themselves? Is this absurd? Yes, and yet the government, of course, is arming criminals.

    Violence by firearms is most prevalent in big cities with the strictest gun laws. In Chicago and Washington, D.C., for example, it is only the criminals who have guns, the law-abiding populace having been disarmed, and so crime runs riot.

    I wish I wrote that first paragraph there.

    Thank you David Mamet.

  • Bulletproof Whiteboards?

    In December, George and his young son were watching the horrific details of the Sandy Hook Elementary School murders on television and when he saw the fear in his son’s eyes, his engineering brain kicked in. He said to his son, “We can fix this. We have to do something.”

    via TheBlaze.com.

    Very cool concept.

    These are the kinds of ideas that I like.  They ‘harden’ the target.  We need to make schools safe for kids.  We did it against fire; now it’s time to do it against the ‘active shooter’.

    I quoted from this article before, but not this segment:

    “How many kids have been killed by school fire in all of North America in the past 50 years? Kids killed… school fire… North America… 50 years…  How many?  Zero. That’s right.  Not one single kid has been killed by school fire anywhere in North America in the past half a century.  Now, how many kids have been killed by school violence?”  …

    “In 1999,” Grossman said, “school violence claimed what at the time was an all time record number of kids’ lives. In that year there were 35 dead and a quarter of a million serious injuries due to violence in the school. How many killed by fire that year? Zero. But we hear people say, ‘That’s the year Columbine happened, that’s an anomaly.’ Well, in 2004 we had a new all time record — 48 dead in the schools from violence. How many killed by fire that year? Zero. Let’s assign some grades. Put your teacher hat on and give out some grades. What kind of grade do you give the firefighter for keeping kids safe? An ‘A,’ right? Reluctantly, reluctantly, the cops give the firefighters an ‘A,’ right? Danged firefighters, they sleep ‘till they’re hungry and eat ‘till they’re tired. What grade do we get for keeping the kids safe from violence? Come on, what’s our grade? Needs improvement, right?”
    “Why can’t we be like little Johnny Firefighter?” Grossman asked as he prowled the stage. “He’s our A+ student!”

    He paused, briefly, and answered with a voice that blew through the hall like thunder, “Denial, denial, denial!”

    Grossman commanded, “Look up at the ceiling! See all those sprinklers up there? They’re hard to spot — they’re painted black — but they’re there. While you’re looking, look at the material the ceiling is made of. You know that that stuff was selected because it’s fire-retardant. Hooah? Now look over there above the door — you see that fire exit sign? That’s not just any fire exit sign — that’s a ‘battery-backup-when-the-world-ends-it-will-still-be-lit’ fire exit sign. Hooah?”

    Walking from the stage toward a nearby fire exit and exterior wall, Grossman slammed the palm of his hand against the wall and exclaimed, “Look at these wall boards! They were chosen because they’re what?! Fireproof or fire retardant, hooah? There is not one stinking thing in this room that will burn!”

    Pointing around the room as he spoke, Grossman continued, “But you’ve still got those fire sprinklers, those fire exit signs, fire hydrants outside, and fire trucks nearby! Are these fire guys crazy? Are these fire guys paranoid? No! This fire guy is our A+ student! Because this fire guy has redundant, overlapping layers of protection, not a single kid has been killed by school fire in the last 50 years!

    “But you try to prepare for violence — the thing much more likely to kill our kids in schools, the thing hundreds of times  more likely to kill our kids in schools — and people think you’re paranoid. They think you’re crazy. …They’re in denial.”

    via Police One.

    We need to address this problem with a multi-layered solution.

    Our school must be made safe.

  • Milwaukee Sheriff’s Says Arm Yourself

    Milwaukee County Sheriff David A. Clarke Jr. set off alarm bells Friday with a radio spot some view as a call for citizens to arm themselves.

    In the radio ad, Clarke tells residents personal safety isn’t a spectator sport anymore, and that “I need you in the game.”

    “With officers laid off and furloughed, simply calling 911 and waiting is no longer your best option,” Clarke intones.

    “You could beg for mercy from a violent criminal, hide under the bed, or you can fight back.”

    Clarke urges listeners to take a firearm safety course and handle a firearm “so you can defend yourself until we get there.”

    “You have a duty to protect yourself and your family. We’re partners now. Can I count on you?”

    via Milwaukee Journal Online.

    Sound advice from a serious man.

    Why is it in Chicago all we hear from McCarty and Rahm is that you cannot protect yourself?

    When seconds count the police are just minutes away.

     

  • Military Leaders Vetted to Fire on US Citizens

    I have just been informed by a former senior military leader that Obama is using a new “litmus test” in determining who will stay and who must go in his military leaders. Get ready to explode folks. “The new litmus test of leadership in the military is if they will fire on US citizens or not”. Those who will not are being removed.

    – Dr. Jim Garrow – January 21, 2013

    via Facebook.

    Just so we’re clear, this Dr. Jim Garrow is no kook.  He’s a Nobel Peace Prize nominee.  He’s worked for years trying to end the gendercide in China.