What follows in this editorial is one of the most important announcements I’ll ever make. A new community is rapidly taking shape in the mountains of Colombia. A number of liberty-minded individuals within the free-market thinking community are taking quick action to be sure they do not miss out on this opportunity and I want to share with you here many of the details about what’s developing.
Of course, I could write pages about the devastating events unfolding around the world right now and why it’s smart to be preparing a safe secondary residence and securing your assets offshore. But you already know the state of the world is precarious, especially if you read The Daily Bell regularly. The current economic environment, propped up by fiat money and international debt, cannot last. Hard times are coming once this faux “Wall Street Party” winds to its conclusion. You’ve watched with us as we at The Daily Bell monitor the unraveling of the modern social order.
If you’re not convinced already that life as we’ve known it cannot, will not and, really, should not continue, peruse some of the articles, editorials and interviews we’ve published recently. From the monetary system to phony political shenanigans to public education to ceaseless wars to individual liberties and the very social fabric of the Western world, the unraveling is well underway. The façade is being rapidly shredded and what’s being revealed behind the curtain, as many of us already know, is not a pleasant sight.
This week, you gave a beautiful speech to the American people. And let me be clear: When I say the American people, I mean all legal citizens of the United States, regardless of their birth country. The speech was full of love and emotion. It would have been brilliant if you hadn’t delivered it while holding a gun to the country’s head.
What you actually said to the citizens of this great nation is that you are the imperial king, and you don’t care what we, the people, want. The action you are taking amounts to amnesty without the consent of our legally elected representatives in Congress, while claiming it’s for all the right reasons. After all, who would want to tear apart families?
Unfortunately, Mr. President, I don’t believe your intentions are sincere. You have taken action prior to the new Congress being sworn in. You fail to mention that you had two years to get whatever you wanted from Congress, and you didn’t act. You waited until after the midterm elections because you knew how unpopular it would be.
Mr. President, you talk about the House not allowing a simple yes or no vote, but you say nary a word about your commandant, Harry Reid, who wouldn’t allow any votes in the Senate that would put you on the hot seat. Votes on important issues like the Keystone Pipeline, for instance. Your speech was disingenuous, but you know that the majority of Americans are unaware of the truth. Like your friend, Jonathan Gruber, you believe the American voter is stupid and that they won’t get it.
A regulatory scheme that would have barred individual European nations from deciding for themselves whether or not to allow the cultivation of genetically modified organisms (GMOs) has been rejected after the European Parliament voted overwhelmingly to scrap it.
The European Commission had passed a law prohibiting individual EU member nations from banning any GMOs that the European Food Safety Authority (EFSA) had already declared to be safe. This was quickly met with resistance by European nations such as France, which lean more toward opposing biotechnology.
Citing concerns about GMO safety and crop contamination, these countries sought more autonomous control over the GMO approval process with less centralized decision making. And they ultimately secured this with support from the European Conservatives and Reformists political bloc, which amended the law to allow countries more individual control.
According to The Guardian, an earlier compromise with pro-GMO countries like Spain and the UK would have only allowed European countries a two-year window in which to ban GMOs. The compromise also would have allowed biotech companies the opportunity to sue countries that tried to ban GMOs.
Samantha Power, the U.S. Ambassador to the United Nations, encouraged Americans to stay committed to America’s increasingly interventionist foreign policy and to avoid wearying of the role the country must play in protecting the world from a variety of threats to its national security.
During remarks last Wednesday at the Defense One Summit — a confab of who’s who of war profiteers Power warned against withdrawing from the global battles against disease and extremism. According to Defense One’s report of the event:
“I think there is too much of, ‘Oh, look, this is what intervention has wrought’ … one has to be careful about overdrawing lessons,” Power said Wednesday during the Defense One Summit. At the same time, she said, “we are asking an awful lot right now of our forces.”
“The risk of using military force is so significant … there should be a lot of layers and a lot of checks and balances. But at the same time there are really profound risks to our national security that exist today.”
Judge Andrew P. Napolitano, once a Fox News TV show host – and now an outspoken critic of the US government – delivered a short, intriguing, and, I believe, important speech at the Mises Institute in Costa Mesa, California, on November 8th, 2014.
He began by talking about the origins of Natural Laws, beginning with this quote from Sir Thomas More’s treason case under Henry VIII:
Some men say the earth is flat.
Some men say the earth is round.
But if it is flat, could Parliament make it round?
And if it round, could the kings command flatten it?
It will not shock readers to hear that quite often legislation on Capitol Hill is not as advertised. When Congress wants to do something particularly objectionable, they tend give it a fine-sounding name. The PATRIOT Act is perhaps the best-known example. The legislation had been drafted well before 9/11 but was going nowhere. Then the 9/11 attacks gave it a new lease on life. Politicians exploited the surge in patriotism following the attack to reintroduce the bill and call it the PATRIOT Act. To oppose it at that time was, by design, to seem unpatriotic.
At the time, 62 Democrats voted against the Act. On the Republican side there were only three no votes: former Rep. Bob Ney (R-OH), former Rep. Butch Otter (R-ID), and myself.
The abuses of the Constitution in the PATRIOT Act do not need to be fully recounted here, but Presidents Bush and Obama both claimed authority based on it to gut the Fourth Amendment. The PATRIOT Act ushered in the era of warrantless wiretapping, monitoring of our Internet behavior, watering down of probable cause, and much more. After the revelations by whistleblower Edward Snowden, we know how the NSA viewed constitutional restraints on surveillance of American people during the PATRIOT Act period.
After several re-authorizations of the PATRIOT Act, including some cosmetic reforms, Congress last October unveiled the USA FREEDOM Act. This was advertised as the first wholesale PATRIOT Act Reform bill. In fact, the House version was watered down to the point of meaninglessness and the Senate version was not much better. The final straw was the bill’s extension of key elements of the PATRIOT Act until 2017.
A 12-year-old boy, who was shot in the stomach by the police while playing with a toy gun “resembling” a real pistol, has died in a Cleveland hospital.
The youngster passed away on Sunday morning at the Metro Health Medical Center, the family’s attorney said.
The shooting occurred on Saturday around 3:30 pm at Cudell Rec Center located at 1910 West Boulevard, Cleveland, Ohio after police responded to a distress call about a male allegedly threatening people near the center with a gun.
In a radio interview set to air Sunday, Sheriff Joe Arpaio of Maricopa County, Arizona, worried President Obama’s recent executive actions on immigration will only increase the number of illegal aliens crossing the southern border, including those who commit violent crimes while in the U.S.
“One thing I’m really concerned [about],” Arpaio said, “this is going to open up more floodgates because everyone over [the border] is going to think, ‘Wait a minute, let’s come on in to the United States, and we’re going to get a free pass.’ So I think we’re going to see more people coming in to our country.”
The sheriff, whose enforcement of immigration laws and criminal laws violated by border crossers has frequently put him at odds with the federal government, has already filed a lawsuit over Obama’s executive plan to curb deportations.
“This unconstitutional act by the president will have a serious detrimental impact on my carrying out the duties and responsibilities for which I am charged as sheriff,” Arpaio’s lawsuit states.
Tales in monetary voodoo, try this for a spin … We play with the money system at our peril. On Thursday, British MPs are to debate money creation, including so-called “helicopter money”. This is supposedly the first time parliament has debated such matters since 1844. Back then, it didn’t work out so well. Much debated but little understood, money creation is one of those fiendishly complicated subjects that few even bothered to think about before the financial crisis. Since then it has spawned a veritable army of self proclaimed “experts”, many of whom have convinced themselves that they are close to a “Higgs boson” moment in their understanding of the way money works, and the role commercial and central banks play in its creation. – UK Telegraph
Dominant Social Theme: The modern monetary system needs some tinkering to be ready for the rest of the 21st century.
Free-Market Analysis: So the British Parliament is meeting to discuss “Money Creation and Society,” a scenario that can give rise to numerous different imaginary interactions, many of them potentially amusing.
In fact, we don’t believe most MPs understand the monetary regime under which they live and work any more than US Congressmen do. Ignorance, wrapped up inevitably in pontifications, is melancholy, humorous or both. Usually both.
Are you in better shape financially than you were last Thanksgiving? If so, you should consider yourself to be very fortunate because most Americans are not. As you chow down on turkey, stuffing and cranberry sauce this Thursday, please remember that there are millions of Americans that simply cannot afford to eat such a meal. According to a shocking new report that was just released by the National Center on Family Homelessness, the number of homeless children in the U.S. has reached a new all-time high of 2.5 million. And right now one out of every seven Americans rely on food banks to put food on the table. Yes, life is very good at the moment for Americans at the top end of the income spectrum. The stock market has been soaring and sales of homes worth at last a million dollars are up 16 percent so far this year. But most Americans live in a very different world. The percentage of Americans that are employed is about the same as it was during the depths of the last recession, the quality of our jobs continues to go down, the rate of homeownership in America has fallen for seven years in a row, and the cost of living is rising much faster than paychecks are. As a result, the middle class is smaller this Thanksgiving than it was last Thanksgiving, and most Americans have seen their standards of living go down over the past year.
In 2014, there are tens of millions of Americans that are anonymously leading lives of quiet desperation. They are desperately trying to hold on even though things just keep getting worse. For example, just consider the plight of 49-year-old Darrell Eberhardt. Once upon a time, his job in a Chevy factory paid him $18.50 an hour, but now he only makes $10.50 an hour and he knows that he probably would not be able to make as much in a new job if he decided to leave…
For nearly 20 years, Darrell Eberhardt worked in an Ohio factory putting together wheelchairs, earning $18.50 an hour, enough to gain a toehold in the middle class and feel respected at work.
He is still working with his hands, assembling seats for Chevrolet Cruze cars at the Camaco auto parts factory in Lorain, Ohio, but now he makes $10.50 an hour and is barely hanging on. “I’d like to earn more,” said Mr. Eberhardt, who is 49 and went back to school a few years ago to earn an associate’s degree. “But the chances of finding something like I used to have are slim to none.”
Of course you can’t support a family on $10.50 an hour.
You can barely support one person on $10.50 an hour.
But there are many men out there that would absolutely love to switch positions with Darrell Eberhardt. At this point, one out of every six men in their prime working years (25 to 54) does not have a job. That is an absolutely crazy number.
And of course just because you “have a job” does not mean that things are going well. The number of Americans that are “working part-time involuntarily” has risen by over 50 percent since the beginning of the last recession. There are millions of hard working Americans that would love to get a full-time job if they could land one. But these days “decent jobs” are in short supply.
For example, CNN recently profiled the story of college graduate Meghan Brachle…
Meghan would love to be a music teacher or play full-time in an orchestra. She studied music at Loyola University in New Orleans and plays the flute.
Instead, Meghan works a slew of part-time jobs and receives no benefits.
She is a cashier at Whole Foods, a substitute teacher, a flute tutor and an administrative assistant at a non-profit.
With inconsistent hours, Meghan monthly income fluctuates between $1,000 and $3,000. Even with her husband’s teaching salary, the couple sometimes struggles to cover the $3,600 of monthly expenses they have.
“It’s very stressful,” Meghan, a college graduate, says. “I think about all the job applications I’ve turned in and all the interviews I’ve been on and all the other people who are in the same situation, looking for those same [full-time] jobs. It’s frustrating.”
Sadly, a lot of these part-time employers know that their employees desperately need these jobs and are using that leverage to treat them very poorly.
For example, it is being reported that any KMart employees that do not show up for work on Thanksgiving will be automatically fired.
What kind of nonsense is that?
And around the country at Wal-Mart stores, food drives are being held for “needy employees“.
So why wouldn’t Wal-Mart just pay their workers enough so that they could afford to take care of themselves in the first place?
Most people don’t realize this, but approximately one out of every four part-time workers in America is currently living below the poverty line. Many of them are working as hard as they can and still can’t make enough to take care of themselves.
Meanwhile, our paychecks are getting stretched further and further with each passing month.
When you don’t make much money, every dollar is precious. And when food prices go up substantially, it can be very painful. Unfortunately, that is precisely what is happening right now…
-From September to October, the price of a pound of Turkey rose from $1.58 to $1.66. That represents a 5.2 percent price increase in just one month.
-The price of a pound of ground beef has just risen to a brand new record high of $4.15 a pound, and more price increases are on the way. The U.S. Department of Agriculture is projecting that U.S. beef production will drop by another 1 billion pounds next year due to a variety of factors including the horrific multi-year drought out west.
-The entire planet is bracing for a huge chocolate shortage, and this threatens to push the price of chocolate beyond the reach of many American families…
Start hoarding those Hershey’s Kisses and stockpile your Snickers: The world could soon experience a chocolate shortage.
Mars Inc. and Barry Callebaut, two of the world’s largest chocolate makers, say that’s the path we’re headed down. They cite a perfect storm of factors: Less cocoa is being produced as more and more people are devouring chocolate.
In 2013, consumers ate about 70,000 metric tons more cocoa than was produced, The Washington Post reports, and that deficit could go up to 1 million metric tons by 2020. The Ivory Coast and Ghana produce more than 70 percent of the world’s cacao beans, and both countries are experiencing dry weather that limits growth. To make things worse, a fungal disease called frosty pod has destroyed 30 to 40 percent of global cocoa production.
As a result of all of the things that I have just discussed above, more Americans than ever are being forced to turn to the government for assistance. Today, the number of Americans getting a check from the government each month is at an all-time high, and at this point Americans collectively get more money from the government than they pay in taxes. For much, much more on this, please see my recent article entitled “21 Facts That Prove That Dependence On The Government Is Out Of Control In America“.
So if things are going well for you this Thanksgiving, you should be truly thankful.
For most of the country, things just continue to get even worse. And if the next major wave of our economic crisis arrives next year like many are projecting, this may just be the beginning of our economic pain.