Libertarian Economics 101, or to put it another way: why we shouldn’t have bailed ANYONE out.
There is no reason to fear recessions or to intervene in them. They represent a healing process. Only by liquidating the malinvestments of the boom and rearranging the economy’s structure of production as quickly as possible to the actual wishes of consumers can a sound recovery be achieved.
Age of Shitlords might have launched out of the slightly troll-ish meme-based Shit Tumblr Says Facebook page, but they’re starting to develop into interesting analysists of PC culture. Here’s their take on the Ke$ha vs. Dr. Luke controversy:
Dr Lukes legal team assert that her claims, contrary to her earlier testimony given under oath, are simply a bid to defame him and extort from him an early release from her contract. Sony have offered Kesha a different producer to work with, in light of her allegations, but she has declined this offer and stated that regardless of the offer, her music would not be promoted unless she continued working with Dr Luke and later even amended her lawsuit to include Sony as co-defendants in her claim stating that they have failed to investigate her allegations into his conduct when they are supposedly obligated to do so. Correct me if I am wrong, but I believe it is the job of police to investigate criminal allegations, not the responsibility of the employer, who does have a certain interest in the public image of their employees, however not to the extent that they are to operate outside of the framework provided by the legal system and informally convict one of their employees of sexual assault without the involvement of the authorities. That’s just the thing though, no complaint has been made to law enforcement to date, despite an unnamed source close to Kesha stating that she has available to her medical records that support her being roofied and raped.
Gavin McInnes on the latest buffonery from Kanye West:
Why does Kanye get a pass? He is an endless fountain of comedy. It doesn’t make sense for a free-market economy to deny ourselves this relentless source of joy. He doesn’t have Down syndrome. He has Ridiculously Funny syndrome.
West’s prepubescent views on everything Kanye haven’t stopped over the past decade, but everyone is too scared to mock him because he’s black and they don’t want to be called racist. He’s aware of this, so when his clothing line fails he says it’s because people were too “racist” to buy his stuff (this from a guy who gets to wear the Confederate flag on his bomber jacket). His clothing line was made up of people wearing brown nylons and strange “skin-colored” sweatshirts that looked like they were made out of Nazi lampshades. We recently learned that this foolish mistake put him $53 million in the hole and he took to social media to beg Mark Zuckerberg to bail him out to the tune of $1 billion. No word yet on why you get to be $947 million in the black when you screw up that badly.
McInnes also talks about why everyone’s so afraid to call an idiot an idiot.
It’s difficult to understand exactly what is going on with the global calls from Central Bank planners for the abolition of large denomination currency notes and simultaneous experimentation with negative interest rate policies (NIRP).
Thankfully Zerohedge has come to the rescue with an easy to follow explanation:
These are strange monetary times, with negative interest rates and central bankers deemed to be masters of the universe. So maybe we shouldn’t be surprised that politicians and central bankers are now waging a war on cash. That’s right, policy makers in Europe and the U.S. want to make it harder for the hoi polloi to hold actual currency.
The real reason the war on cash is gearing up now is political: Politicians and central bankers fear that holders of currency could undermine their brave new monetary world of negative interest rates. Japan and Europe are already deep into negative territory, and U.S. Federal Reserve Chair Janet Yellen said last week the U.S. should be prepared for the possibility. Translation: That’s where the Fed is going in the next recession.
Whilst he has little in the way of coherent policies, and is almost certainly not a Christian, Donald Trump is the King of Comebacks. With what is probably his best to date, Thump hit back at Pope 2.0 after the pontiff questioned his Christian credentials.
When it comes to cutting through the finely crafted rhetoric to the gristly truth, no one locks on and delivers like Thump.
Stephen Fry has been widely accused of misogyny after he described costume designer Jenny Beavan as dressing like a “bag lady” during Sunday night’s Baftas award show.
It’s the type of comment that Twitter equality crusaders love to jump on; Fry duly quit the social network (again) after receiving a barrage of abuse. But it’s not the first time he has faced the accusation of misogyny. In 2010, the broadcaster said that women don’t enjoy sex and only agree to it because it “is the price they are willing to pay for a relationship with a man”. He later admitted that the comment was “offensive, ignorant [and] arrogant”.
Personally, I don’t know if Fry is a misogynist or not. But what I do know is that a worrying number of gay men are misogynist.
A right-wing news outlet won’t be allowed into government press events in Alberta, because the governing NDP doesn’t consider it a “journalistic source,” Premier Rachel Notley’s office said Tuesday.
The Rebel, launched by divisive commentator Ezra Levant last year, is now planning to sue the province after its reporters were allegedly barred from three recent events — including a press conference with the premier and Prime Minister Justin Trudeau earlier this month.
Just when everyone else is clamoring to get their hands on some gold, Canada has announced that it is selling half of its reserves in order to `diversify investments` into markets that are currently ‘tanking’ globally.
The country held just $19 million US worth of gold as of last Monday. Through most of 2015, the country’s gold reserves stood at more than $100 million US.
Finance Department figures show that Canada sold 41,106 ounces of gold coins in December and another 32,860 ounces of gold coins in January.
That left Canada holding 21,929 ounces of gold in its reserves as of the end of January — a “negligible” amount, the Bank of Canada acknowledges — worth $24 million US.
The thing about gold is that it not only traditionally acted as an asset with which to back currencies, but that it also acts as a lifeboat in times of crisis – war, financial collapse etc.
But don`t take our word for it, China & Russia have been quietly squirrelling away thousands of tons on the stuff over the past two decades. Read More
An idea of this ridiculous magnitude can only be the work of one politically criminal mastermind: Canada`s President Pool Boy, Justin Trudeau.
For anyone interested in how gold works on geopolitical level & as a tool of economic warfare, we suggest the following film to be essential viewing. That includes you Justin.
How did we end up with the same geopolitical interests as the 7th Century Kingdom of Saudi Arabia, or on the same side as Erdogan`s increasingly belligerent & Islamic State supporting Turkey?
What should concern everyone is that Turkey is a member of NATO. Which was fine and workable during the Cold War when it was essentially a secular military dictatorship on the inside of the tent pissing out. Nowadays however, it operates more like Saul Goodman pursuing nationalist & regional Islamist interests, with a under-the-counter trade in ISIS oil running.
As we have pointed out previously, the comical pretense for Saudi Arabia getting involved is that they too are joining the fight against the Islamic State.
Somehow, Turkey and Saudi Arabia need to figure out how to spin an attack on the YPG and an effort to rescue the opposition at Aleppo as an anti-ISIS operation even though ISIS doesn’t have a large presence in the area.
Assad has promised to “confront them”, which of course means that the IRGC and Hassan Nasrallah’s army are set to come into direct contact with Turkish and Saudi troops, setting the stage for an all-out sectarian war that will almost invariably end up pitting NATO against the Russians.
In yet another amusingly ridiculous case of progressives de-coupling en masse from reality and the blood soaked lessons of history, George Clooney met with Angela Merkel and gave her his blessing for the destruction of Europe.
The actor, director and humanitarian, who was also due to meet refugees in Berlin, earlier told reporters: “I absolutely agree with her”.
The Clooneys were accompanied by David Miliband, the former UK foreign secretary who is now head of the New York-based International Rescue Committee. Miliband told the BBC the meeting involved discussing solutions to the “global problem” and praised Merkel for “showing very strong leadership” during the crisis.
Aristotle's Bench Press 