US law professor exposes system that makes a profit from poverty

poverty cc 1

Consider that one of the classic forms of “welfare” in this country is also absolutely a form of corporate welfare too – food stamps. Many big corporations owe a large part of their bottom lines to these programs. In some places one can even buy McDonalds and other fast food directly with EBT cards. Years ago we did a story on how JPMorgan has EBT servicing contracts with states worth hundreds of millions of dollars.

Add in Walmart and other discount stores that see immense flows from government programs and one begins to see the picture.

Read More

The Express: European SUPERSTATE to be unveiled: EU nations ‘to be morphed into one’ post-Brexit

Flag_of_the_United_States_of_Europe cc

Many have long argued that a “United States of Europe” was the end goal of the European Union. Now this goal, once spoken about in hushed tones is more out in the open.

Long have many in Europe resented the power of the USA. (Which frankly in some ways is understandable. Though Europe is also full of friends of America too.) The euro was established to counter the dollar as a potential reserve currency and petro currency.

Read More

YIKES: Brazilian police greet tourists with ‘Welcome to Hell’ sign at Rio airport #Olympicfeverzika

brazil-protest imgr c c

I believe the only modern Olympics to make money were the 1984 LA Games. Generally speaking the Olympics are an economic hole. Tossing such a burden onto the back of a developing country like Brazil while it finds itself mired in the worst economic depression in a century might not be such a good idea. (They did ask for it of course.) Heck, even some of the athletes are bailing on Rio at this point.

Read More

Obama’s best friend to pick up U of Phoenix after the administration crushed the stock price?

“They regulate it. They drive the price down. …They are buying it for pennies on the dollar.”

Obama hands cc

This looks like straight up crony capitalism. It’s not difficult to see why some in the Obama administration would like to crush a large higher education network, with everything in place, and then resurect it in the name of doing “good.” Like a Phoenix one might say. A big, ugly, crony, taxpayer subsidized Pheonix which is owned by Obama’s buddies.

Read More

The novel political geography of Brexit (And why in this case Scotland is not that important)

BN cc

Scotland has an ongoing deep historical beef with its neighbor to the south. It votes differently than England, to say the least. This was certainly true in the referendum last week. But Scotland constitutes a relatively small part of the overall British population. It had only 8% of votes in Brexit.

Read More

Taibbi: If you believe there’s such a thing as “too much democracy,” you probably don’t believe in democracy at all

power to the peopel c c

Matt Taibbi is one of those people I put in the “principled liberal” camp. (And I do consider him a “liberal” in the good sense if not the classical sense.) He and I often disagree on important issues but the guy has a keen eye for injustice and has done an excellent job of pulling back the curtain on the Wall Street wing of the crony class. (And the City of London also.) He offers a very reasonable and reasoned analysis of Brexit below.

Read More

Participants Of House Gun Control ‘Sit In’ Have Guns Themselves (List)

Every sit-in should have a catered lunch.
Every sit-in should have a catered lunch.

The crony system of government has a tiered system of justice. There are the connected and/or rich who have one set of rules. Then there is another set of rules and assumptions for those who fall outside of the blessings of the inner court.

Hypocrisy is rife in the crony class. Such hypocrisy is in fact one of the defining characteristics of a crony system. Those who call for “justice”

Read More

Federal Judge: U.S. Constitution Is Outdated, Judges Should Stop Studying It

Richard_Posner_at_Harvard_University cc

If the Judge holds no allegiance to the Constitution what value do his rulings have? Does he not take an oath to uphold the Constitution?  How does he decide his rulings, whim? Whatever morality or definition of the law that floats through his mind that particular day?

This is a legitimate question to which I am sure some of our readers have the answer. Judge Posner must have a stated philosophy, he is considered by many to be one of the most influential legal thinkers around today.

Read More

Kremlin Gets Flashback of Soviet Collapse in Brexit Fallout

berlin wall cc

As we said in an earlier post, the guys running the show in Eastern Bloc countries weren’t happy when the Berlin Wall came down. Likewise the apparatchiks of various sorts deeply embedded in and often reliant on the European Union system have had heart attacks in the face of Brexit.

Brexit is not on par with the collapse of communism however. The end of the Cold War was more than surprising, or even mind blowing,

Read More

Hawaii Becomes First State To Indiscriminately Put All Legal Gun Owners On FBI Criminal Watch List

Hawaii cc

Hawaii is an odd place. Smack dab in the middle of the world’s largest ocean it has been said that Hawaii is as close to the developing world as one can come (in some respects) and still be in the 50 United States. It has weird politics. (From which our current president politically sprouted it should be noted.) It has a strong Leftward tilt in many ways. The Communist Party of Hawaii of the 1940s and 1950s was arguably the strongest of the communist parties in the USA.

Read More

Soros Suffers Major Loss On Long Pound Trade Ahead Of Brexit

soros cc 11

Brexit has hit the crony class hard.

The cronies, on Wall Street, the City of London, Washington, London, Brussels, and pretty much everywhere are not used to getting punched square in the jaw. They like their fights rigged (for them). However the connected cronyweights got absolutely clocked on Thursday.

A knockout punch? No, but a deep, jarring, resonating blow to be sure. Call it a pounding.

Now the real fight begins.

Read More