Author Archives: R. Mitchell

Woman to Be on U.S. Currency in 2020

US_$10_Series_2003_obverseTimes they are a changin’ so move over Alexander Hamilton the $10 bill will be changing too:

On Wednesday, U.S. Treasury Secretary Jack Lew said a woman will be featured on a redesigned $10 bill in 2020 — the 100th anniversary of the Constitution’s 19th Amendment, which gave women the right to vote.

Women’s suffrage is well worth celebrating. The push for women to vote was a hard struggle and certainly an historic accomplishment. To honor this legendary anniversary, the treasury department will turn to … social media:

The department will launch a website, and is asking for input over social media with the hashtag #TheNew10.

What’s his criteria? Lew wants the next generation of U.S. currency to underscore the theme of American democracy. The portrait must also — by law — be of someone who is no longer living.

With all the hints given the choices are somewhat narrowed. We need a dead women that is viewed as a leader. Here’s a list of leaders of the Women’s suffrage movement as some possible candidates:

Miriam Folline Leslie
Belva Ann Bennett McNall Lockwood
Anne Henrietta Martin
Katherine Dexter McCormick
Catherine Gouger Waugh McCulloch
Esther Hobart McQuigg Slack Morris
Lucretia Coffin Mott
Maud Wood Park
Alice Stokes Paul
Jeanette Pickering Rankin
Ernestine Louise Siismondi Potowski Rose
Rose Schneiderman
Caroline Maria Seymour Severance
Anna Howard Shaw
Elizabeth Cady Stanton
Lucy Stone
Mary Eliza Church Terrell
Sojourner Truth
Harriet Taylor Upton
Mabel Vernon
Angelina Grimke Weld
Ida Bell Wells-Barnett
Sue Shelton White
Frances Elizabeth Caroline Willard
Victoria Claflin Woodhull
Maud Younger

So get your twitter, facebook, instagram and whatever else accounts ready for #TheNew10.

Texas Wants Its Gold Back, Media Oddly Silent

On Friday, June 12th, 2015, Gov. Gregg Abbott of Texas signed a bill into law that establishes a state bullion depository and prohibits the federal government from seizing the gold and silver stored within.

Governor Greg Abbott today signed House Bill 483 (Capriglione, R-Southlake; Kolkhorst, R-Brenham) to establish a state gold bullion depository administered by the Office of the Comptroller. The law will repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas.

The why of it is important, but what is more interesting is that major news outlets haven’t seemed to take much notice.

Sure, ZeroHedge and other alternative media outlets have reported on these events, but the only real mention by a major source – The Wonkblog at The Washington Post – is an intellectually ingenious, apocalyptic, tin-foil hat-wearing, nut-job wordsmithed “article.”

In some episode of hyperinflation and U.S. government collapse, as the nation falls into a Hobbesian state of nature,  paper dollars will be no good, and gold would likely be the medium of exchange for buying food and guns and whatever else is needed for Texas to prosper amid the post-apocalyptic hellscape.

Similarly, if Texas were to decide that enough was enough and it wished to no longer be part of these United States (a notion that Perry himself seemed to joke about in 2009, saying “When we came in the union in 1845, one of the issues was that we would be able to leave if we decided to do that.”)

So the only reason that Texas might be doing this is “end of the werldz” or… succession. So much wrong.

So now… the real deal.

First, it’s not Texas the government, but the University of Texas Investment Management Co. (UTIMCO), that is pulling the $1 Billion in gold from the reserve. UTIMCO is responsible for investments for the University of Texas and Texas A&M. It is modeled after funds created by Harvard, Yale, Duke and a few other more liberally-acceptable institutions of higher learning. Texas just might not trust the full faith and credit of the U.S. government as much as the more left-leaning brethren (anyone seen the national debt lately?)

Second, it doesn’t have to be the end of humanity in order for Texas to have lost control of its gold in the fed. If Texas has any trouble paying its bills to the federal government – perhaps due to expensive healthcare initiatives or onerous drilling regulation.. or whatever – the federal government could just take Texas’ gold from the repository to repay Texas’ debts.

Now, Texas is protecting its money and that of its citizens. Seems a crying shame our members of Congress aren’t thinking as long-term as The Lone Star State.

Metallica Performs National Anthem Before Game 5 – But did something unusual [Video]

Believe it or not, playing the National Anthem as original written is rare when performed at sporting events. Metallica’s lead men could have gotten away with anything from Hendrick’s well-known rendition to an in-your-face metal mayhem version. But nope, as patriots, they just played a beautiful song the way it was written – and it brought the house down!

Democrats Push for Nationwide Handgun Purchase Permits

Ban GunsU.S. Representatives Elizabeth Esty, Chris Van Hollen, Senators Chris Murphy  and Richard Blumenthal (all D-CT) have introduced proposed legislation that would encourage states to adopt policies to require a special, renewable permit for all revolver or pistol purchases.

The proposed bill, titled the Handgun Purchaser Licensing Act of 2015 would authorize the Department of Justice to issue grants to states to help them put purchase permit policies in place.

“All states require licenses to drive a car or hunt or fish – so why not handguns, which can kill?” said Blumenthal in a statement.

 

To answer the esteemed senator’s question: driving a car and the taking of fish are a privilege and as such are revocable at the discretion of the issuing authority. The ownership and bearing of firearms is an inalienable right protected by the Constitution.

A study by Johns Hopkins is being used to justify the new legislation. The study shows that firearm-related homicides dropped by 40% thanks to Connecticut’s implementation of a handgun permit policy.

The study is being hotly contested.

Dr. John Lott of the Crime Prevention Research Center said that “In three of the four years immediately after the law was passed in 1995, Connecticut’s firearm homicide rate rose relative to the firearm homicides in Northeastern States.”

Critics of the study show that the permit policy actually slowed the already declining rate of gun-related murders.

 

Is Trans-black the New Hotness?

Rachel DolezalTransvestite may have been the original “trans” big thing, but as the liberal semantic confusion wheel spins we’ve quickly turned transgender into an every day term and transabled is now “so five minutes ago.” The new hotness for the definition-starved left might just be trans-black.

KXLY in Spokane reported that an NAACP president appears to have lied on an application to a citizen police ombudsman commission:

Rachel Dolezal serves as chair of the independent commission, in addition to her work as an adjunct faculty member at Eastern Washington University and president of the NAACP local chapter. On her application to serve on the commission, she identified herself as African-American.

So is Rachel white or black?

Earlier this year, a photo was posted on the NAACP Facebook page showing Rachel with a black man described as her father. So she’s black right? Umm.. maybe:

But public records, including Dolezal’s own birth certificate, list her biological parents as Ruthanne and Lawrence Dolezal of Montana. The Dolezals told KXLY Thursday that Rachel is their biological daughter and that they are both white.

Ok, she’s white then .. we think… sorta? To rid Spokane residents of the confusion, KXLY decided to just ask her:

“Ma’am, I was wondering if your dad really is an African-American man,” Humphrey asked.

“I don’t understand the question,” Dolezal answered. “I did tell you [that man in the picture] is my dad.”
“Are your parents white?” Humphrey asked. At that point, Dolezal removed the microphone, ended the interview and walked away.

Now, it’s clear. She’s a trans-black. The reporter may not have been introduced to the progressive world of devolving definitions and their creation of entirely new realities.

Rachel may have gained her sense of the black experience in Montana. Somewhere along the way to Spokane she gained her new black dad and decided that she too is black.

Rachel is black like Bruce Jenner is a woman. To the left, simply pretending to be something is good enough to become that thing (a bad perm helps or lots of surgeries in Jenner’s case.)

Did her self-identified race-change event help her with her job at the University or the leadership position in the NAACP? Did Rachel gain any benefit from minority-favoring selection criteria in these positions or previous endeavors?

Rachel is a product of will. She says she’s black so she is .. a white-born trans-black… or something. Just ask her.

Consider the Economic Situation We’re In

Some say another collapse is soon to come, others praise the approaching uptrend of commerce and opportunity, but the truth .. is about the situation we’re already in.

The United States Federal Reserve sets monetary policy for the nation. They have  had interest rates at 0% for many years. The Fed has also been dumping a ton of cash into the markets to create liquidity – but why?

When an economy is struggling, some economists believe that the best remedy is to create a credit-friendly economy. Within limits, credit creates opportunity and the interest creates profits. Those profits create more money and the cycle perpetuates – or so the fable goes.

What happens when no one can take on any more credit? What happens when 0% isn’t low enough? What happens when liquidity can’t propel an economy and another recession is due? Welcome to 2015 – and the federal reserve has nothing left to give.

It is possible that we are about to experience the depression that the Obama recession was intended to prevent.

What proof is there that such a calamity may strike? Well, there is financial news that the MSM doesn’t share with you:

There are more.. but Americans are being fed a steady diet of “everything’s getting better” to create a “happy place” so that U.S. citizens will take out more debt and buy more stuff – WHY???

If the American consumer shuts down – down goes the world. Without Americans buying semi-broken Chinese furniture and accessories from Wal-Mart – the Chinese would suffer.

If U.S. consumers no longer needed Levi jeans made in Mexico or fruit from Central America – those nations would suffer.

Trade deals we have negotiated and some under negotiation now seek to even the playing field – for those other nations. American will be lowered to the norm and they will be raised towards it. Bad for us, good for them.

It’s all about leveling the playing field – for them. At some point, isn’t access to the American market worth a premium?

What Obama and some before him have failed to understand is that America must negotiate trade from strength because we are strong. Once we stop acting that way, we will be as weak as nations we bargain with.

Before long, the U.S.A will be just as weak as those she bargains with – and now, the central bankers have no tools left to fix it.

De Blasio: Democrats Have a Democracy Problem

New York’s far-left progressive mayor told Face the Nation that “we have a democracy problem” and they do.

Democrats have a real and growing problem – a democracy problem. If they can’t get the uninformed masses to the polls, their ability to win elections will suffer.

Bill De Blasio spent the segment blaming Republicans for lower voter turnout as if a certain voter turnout is necessary to support the ongoing function of our nation. In truth, lower, more-informed turnout would be preferable to mandated 100% voting.

De Blasio voices support for Hillary Clinton’s proposals to make voter registration madatory at age 18 and require all states to offer 20 days of early voting.

How long until progressives take the next step and tie child tax credits or welfare payments to mandatory voting?

The Republican National Committee noted that Hillary’s home state does not currently have early voting and an RNC spokesman pointed out that “Her exploitation of this issue only underscores why voters find her dishonest and untrustworthy.”

Hillary Clinton is frantically pointing at Republicans as the root of the Democrat’s new voter turnout issue. In a Thursday speech at Texas Southern University, Hillary said that “Republicans are systematically and deliberately trying to stop millions of American citizens from voting. What part of democracy are they afraid of?”

Hillary’s question is one of desperation. This isn’t about what Republicans are afraid of – it’s what has Democrats in crisis mode. They are running an old, wealthy white candidate against a cadre of candidates of varying ages, ethnicities, genders and backgrounds.

Clinton looks like the epitome of the old, rich and white candidate the Democrats have demonized forever. Without Obama in the race in 2016, a large portion of the Democrat base may just stay home.

A democracy is not successful simply because a huge part of the population votes. It is successful when the largest percentage of informed and thoughtful voters participate.

As a final note, the United States is a Republic, not a Democracy – “but at this point, what difference does it make?”

Younger Worker Unemployment at 13.6% in May

banksy-youth-unemploymentThe government came out with May jobs numbers that sounded amazing – but for whom?

Generation Opportunity, a national, non-partisan youth advocacy organization, is announcing its Millennial Jobs Report for May 2015. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:

The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 13.6 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 9.1 percent (NSA).
The declining labor force participation rate has created an additional 1.791 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
The effective (U-6) unemployment rate for 18-29 year old African-Americans is 19.2 percent (NSA); the (U-3) unemployment rate is 16.5 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old Hispanics is 13.9 percent (NSA); the (U-3) unemployment rate is 10.3 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old women is 11.6 percent (NSA); the (U-3) unemployment rate is 8.6 percent (NSA).
Generation Opportunity Director of Policy Engagement Luke Kenworthy issued the following statement:

“Young people do have some reason to be optimistic about their futures as they continue to see economic conditions improve for our generation this year. May’s jobs report shows a 13.6 percent youth unemployment rate, down 0.6 percent from where we started at the beginning of 2015.

“While we’re encouraged, we also know there are still far too many obstacles in place preventing our generation from exercising our entrepreneurial muscles and creating jobs for ourselves. Excessive government regulations are preventing us from doing the simplest of things – driving for Uber, renting out our homes, or opening a food truck.

“Millennials are key drivers of the American economy – we should be able to pursue our dreams, explore new ideas, and distrupt the status quo. Our generation will flourish when Washington releases its grip on trying to control our futures.”

The True U.S. Economy Most Ignore – Powerful Note from the Middle Class

The Wall Street Journal published a blog post entitled “A Letter to Stingy American Consumers” that was obviously a tongue-in-cheek poke at why consumer demand is so weak in the “recovery” that the fed and Obama officials pretend is happening.

The post was truly sataristic in nature so no fault is placed on WSJ for the article, but it does point out the real reason the American economy continues to struggle – Americans have no money left with which to buy stuff. And this guy points out the real issues for American families:

Dear Mr Hilsenrath and your Central Bank Team,

 

 

This is Joe from the disappearing Middle Class in America.  You asked me the other day to drop you a note if I felt that something was wrong.

 

 

What I’m having trouble with is “why” you’re asking me if anything is wrong!  ?

 

 

So let me explain.

 

 

Regarding the weather, as you stated, the sun shined in April.  It was also overcast some days some places, rained a few spots here and there, was nice quite a few days and even got dark on time, most evenings.  And the Commerce Department is spot on that my spending didn’t increase any adjusted for the inflation that you all keep telling me isn’t there.  Have you tried to buy some hamburger recently or do you just eat out on a corporate credit card?  The price of a pack of spaghetti has doubled over the past 3 years.  Me and Mrs. J along with the kids kinda like spaghetti now and then and the Mrs. even made a great Bolognese sauce, but the hamburger got too expensive as has the spaghetti, so we had to cut back.   So you’re right, we did sit at home and watch Dancing with the Stars a lot.  It’s what we can afford.  So, I really don’t get what you guys mean by those “winter doldrums” because things have gotten worse independent of the weather.  The weather’s had nothing at all to do with it.

 

 

And talking about worse, you’re right.  I did get fired in late 2008 from a high paying salaried job with benefits when the economy dumped due to the Lehman Brothers shock.   Since then I’ve been holding down a part time greeters job at Home Depot with no benefits.  I even took on a second part time job with no benefits at another place because I was getting bored watching television all day.  Plus, we could use the extra money as our savings has been depleted.  And we’re very worried about our health and the cost of healthcare is skyrocketing.  But I guess you probably have a health care plan paid for by the Wall Street Journal.  Why, feeling particularly liberated, Mrs. Joe’s even picked up a couple of part time jobs, as well.  “Arbeit macht frei” seems to have taken on a whole new meaning these days for whole bunch of us out here.

 

 

And then when the stock market collapsed, our 401(k)s got wiped out as we’d been buying all the great stuff that the professionals on CNBC and and our broker had told us were “bullet proof”.  See, I had to rely on somebody, because I’m not a professional investment manager and really don’t have a lot of financial savvy.  I was just doing what my government suggested, that I was liberated by doing my own investing in my own 410(k).  I guess not.  And yes, when I got scared to death, right at the bottom of the market, I sold all the stuff and wound up with next to nothing for retirement.  And since we don’t have full time jobs with any benefits, it’s kind of a moot point that my market timing was bad, isn’t it?  So when you think of all the wealth being gleaned by people invested in stocks, none of us few guys left in Middle America have any stocks, period.

 

 

But it is what it is, isn’t it?   Maybe you should understand that as well: we’ve not benefited from any largess bestowed upon the “system”, zero interest rates since nobody loans me money at zero %, or rising stock prices.  Lemme know if you can tell me where to issue 100 year zero coupon bonds like them Brazilians, OK? (Even I get that! Great math, because I’m not gonna make it for 100 years, am I?)

 

 

I know that you said that you guys in the newsroom think that these shocks were a long time ago, and they were, indeed.  But you see, I’ve had a bad experience since 2008 and the only thing happened is that it’s gotten worse, since.  Guess you never took the hit, did you?  Maybe that’s why you’ve no empathy with my situation.  Nope, no empathy whatsoever, all you guys in good jobs talking with one another and the Wall Street tycoons and gainfully employed high income earners.

 

 

And I’ll bet that your kids who just graduated college, both of ‘em in the last 4 years, didn’t have trouble getting decent jobs, did they?  Well, both of ours didn’t get any job straight out of school, looked for over a year and now have part time, no benefits jobs, just like mom and dad.  And they both graduated from great schools with real employable skills.  Little Joe has a degree in Marketing and Little Mrs. J in Journalism.  Would you be looking for anybody at the Journal?  I didn’t think so.  What about those people who all work for the government making all sorts of rubbish up out of thin air and calling it news?  I don’t know any, either.  By the way, the kids live at home because neither can afford anything on their own.

 

 

So, you and the American economy might just not want to hold your collective breaths waiting for any of us to spend money on anything, because we can’t afford it.  Do you understand now?  And talking about phones, do you know where can I get an ObiePhone, because I can’t afford all the monthly bills for the four of us, anymore.  Let me know.  And buy the way, I fully understand that the Greeks and Chinese are not as well off as we.  In fact we know that there are kids starving in Africa.  So, do something about it, you’re the people with all the influence!  And what’s any of that straw-man rubbish about Greeks and Chinese got to do with the four of us having a tough go of it?  And no, we haven’t been able to pay down any of our debt as we don’t have the disposable income.  In fact, if we had a windfall maybe we’d use it to to pay off the second mortgage that everybody told us to get because home prices were going to go up forever (just ask the CNBC folks again) and nobody asked us anything about our assets or incomes.  They called us NINJA’s and that we were smart and brave.  Lot of good that did, no?

 

 

So John, here’s the real scoop.  We ain’t got the resources to spend anymore on anything except what is absolutely necessary.  Oh, you ask, who then are the folks crowding the cruise ships and tattoo parlors?  We’d guess they’re the people on government assistance that we’re supporting on de minimis hourly wages and no benefits that the government showers with our tax money in order to buy their votes.  Didn’t think I knew that, did you?  Well, we all do.  And no, we’re not racist, radical or anything of the ilk for disliking it.

 

 

So, hope you get my take on all this.  And if you’re left wondering, maybe read it a couple more times because the truth of the matter is right there.  And please remember us during the next big holiday, when the Joe family will most likely be lucky to be splurging, stretching it, with a plate of spaghetti Bolognese.

 

 

Joe

Sure, some people have a little extra, but as a whole, the economy is creating crappy jobs to replace the great jobs that used to exist.

Very few people are buying new homes (or existing homes for that matter), recent college graduates are taking jobs they could have gotten without that $40k in debt. That means high-school grads are fighting illegal immigrants for the jobs that remain.

nov-2013-obamacare-economy-cartoonLastly, Obamacare is making health insurance nearly unaffordable for most in middle-America. Sure, it made it basically free for the poor, but the rest of the citizenry can’t afford it.

The only result of all of this is deflation – precisely why the Federal Reserve’s quantitative easing program(s) have failed to produce the inflation they expected.

Congratulations – the economy is recovering, but the American citizen is not.

Boehner Pushing TPA – Despite the Pitfalls

Barack Obama, John BoehnerTrade Promotion Authority (TPA) was passed by the U.S. Senate on May 22nd. Now, the more conservative House of Representatives is pushing back and Leader Boehner wants them to bend.

Boehner acknowledged some in his party are opposing the fast-track legislation, known as Trade Promotion Authority or TPA, simply because they don’t trust Obama.

But the Speaker added: “This is not about the president; frankly, it’s about the country. It’s why I’ve worked with the president on a number of trade agreements over the course of his tenure and my tenure as Speaker,” including deals with Panama and South Korea.

TPA allows the President to negotiate trade treaties without Congress being involved in the details. Only once the trade agreement is finalized is Congress given a yes or no, no amendment vote.

This time, TPA is being sought for the Trans-Pacific Partnership agreement – basically, NAFTA for Asia. Anyone notice how awesome NAFTA has been for America’s manufacturing sector?

The World Trade Organization has already proven the negative aspects of the TPP that concerned dissenters most.

Boehner has failed to repeal Obamacare, reduce the debt, reduce regulations or much of anything else expected of a conservative Leader of the House. Conservative confidence in Rep. Boehner is at all time lows and this isn’t going to help him – at all.

Wikileaks Releases First Sections of Trans-Pacific Partnership (TPP)

Today Wikileaks released the ploy that is the Trans-Pacific Parnership (TPP).

All these agreements on so-called “free trade” are negotiated outside the World TradeOrganization’s (WTO) framework. Conspicuously absent from the countries involved in these agreements are the BRICs countries of Brazil, Russia, India and China.

Everything mentioned in today’s release supports the claims CDN has made that the TPP will only weaken America’s ability to compete and allow foreign companies to skirt regulations that U.S. manufacturers are forced to live with.

 

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