Showing posts with label New Orleans. Show all posts
Showing posts with label New Orleans. Show all posts

Monday, March 12, 2018

5 of the Most Violent Cities in the WORLD Are Right Here in America

This report was originally published by Daisy Luther at The Organic Prepper



When you think of the most dangerous, violent cities in the world, do you picture slums in Third World countries with vicious drug cartels or arrogant warlords? Maybe the kind of violence where enemies are decapitated and whole families are murdered seem like things that happen far away in some terrifying, exotic locale.


Some of this is true – but FIVE of the world’s most violent cities are right here on the American mainland and another is in an American territory. The list was created by researchers of anti-violence think-tank Seguridad, Justicia Y Paz (Security, Justice, and Peace), who made their rankings based on statistics of homicides per 100,000 residents.


The vast majority of the cities on the list were in Central and South America. Interestingly, the violence in Venezuela appears to have dropped in violence this year, but not because it’s suddenly become a mecca of safety. The official situation there has devolved so much that they simply can’t track all the homicides.


But back to America


We pride ourselves on our first world status and civilized societies, and yet four of our cities ended up on the list of the most dangerous and violent locales on the planet.


They are:



  • #13 St. Louis

  • #21 Baltimore

  • #32 San Juan

  • #41 New Orleans

  • #42 Detroit


How did these cities make the list?



  • St. Louis, Missouri: Since the Ferguson riots, the entire state of Missouri has seen a sharp increase in violence. This has culminated in the city of St. Louis, which had a 2017 murder rate of 65.83 per hundred thousand people. There are thousands of violent crimes each year in the city, which only has a population of about 320,000 people.

  • Baltimore, Maryland: The city of Baltimore has an astounding murder rate of 55.48 people per hundred thousand. Last year’s murder rate was nearly as high as the year that the riots erupted over the killing of Freddie Gray by city police officers.  There’s a murder nearly every day of the year in Baltimore and the police force there is widely considered to be one of the most corrupt – if not the most corrupt – in the nation.

  • San Juan, Puerto Rico:  Many will think that San Juan earned its place on the list due to the devastation wrought by two back to back hurricanes, but it was already bad for years before. DHS ties this to drug trafficking. The island territory had begun to see signs of improvement in 2015 after a massive spike in 2011 that brought murders to an all-time high. The homicide numbers didn’t immediately escalate after Hurricane Maria, but as the unrelenting darkness continued, violent crime began to increase until it reached 48.70 murders per hundred thousand residents.

  • New Orleans, Louisiana: Murders in New Orleans, Louisiana fell last year but armed robberies and non-fatal shootings have risen by a whopping 30% since 2010. The city is renowned for its food, music, and festivals, making it a popular destination for tourists. Yet, the 40.10 murders per hundred thousand people rank The Big Easy as more dangerous than some of the most notorious cities in Brazil and Columbia.

  • Detroit, Michigan: Detroit is the fourth American city to be featured on the list of places you’re most likely to be murdered. With a homicide rate of 39.69 per one hundred thousand people, Detroit was the 42 most dangerous city in the world according to these statistics. The city used to be an American hub of industry, but when the automotive manufacturers left, it fell into disrepair and poverty. Residents have a whopping unemployment rate of almost 11%, the population has plummeted, and since it is one of the poorest cities in the nation, perhaps the residents who remain simply can’t afford to get out.


For those who are interested in preparedness, the collapse of these cities is something to watch. Note how the increase of violence in many cases ties in with a lack of confidence in local law enforcement officers. A failing economy is another factor, as increased desperation leads to increased crime.


What other cities made the list?


Here’s the list of the 50 most violent cities in the world in its entirety:



  1. Los Cabos, Mexico

  2. Caracas, Venezuela

  3. Acapulco, Mexico

  4. Natal, Brasil

  5. Tijuana, Mexico

  6. La Paz, Mexico

  7. Fortaleza, Brazil

  8. Victoria, Mexico

  9. Guayana, Mexico

  10. Belem, Brazil

  11. Vitória da Conquista, Brazil

  12. Culicacan, Mexico

  13. St. Louis, Missouri, USA

  14. Maceio, Brazil

  15. Cape Town, South Africa

  16. Kingston, Jamaica

  17. San Salvador, El Salvador

  18. Aracaju, Brazil

  19. Feira de Santana, Brazil

  20. Juarez, Mexico

  21. Baltimore, Maryland, USA

  22. Recife, Brazil

  23. Maturin, Venezuela

  24. Guatemala City, Guatemala

  25. Salvador, Brazil

  26. San Pedro Sula, Honduras

  27. Valencia, Venezuela

  28. Cali, Columbia

  29. Chihuahua, Mexico

  30.  João Pessoa, Brazil

  31. Obregon, Mexico

  32. San Juan, Puerto Rico

  33. Barquisimeto, Venezuela

  34. Manaus, Brazil

  35. Distrito Central, Honduras

  36. Tepic, Mexico

  37. Palmira, Columbia

  38. Reynosa, Mexico

  39. Porto Alegre. Brazil

  40. Macapa, Brazil

  41. New Orleans, Louisiana, USA

  42. Detroit, Michican, USA

  43. Mazatlán, Mexico

  44. Durban, South Africa

  45. Campos dos Goytacazes, Brazil

  46. Nelson Mandela Bay, South Africa

  47. Campina Grande, Brazil

  48. Teresina, Brazil

  49. Vitoria, Brazil

  50. Cúcuta, Colombia


Seguridad, Justicia Y Paz blames much of the violence on drug cartel turf wars, economic crises, and violence perpetrated by gangs like MS-13.


Do you have any doubt that violence will be abundant when the SHTF?


All you need to do is look at this list and study these cities to see how violence escalates when the rule of law collapses, when economies crash and people starve, when police officers go dirty, and when criminal gangs turn into the ruling class.


This is just further evidence to support my belief that preppers must be armed. If you are prepping to survive a long-term event, make sure that you plan to survive the escalation of violence, too.

Friday, December 15, 2017

Fan Sues Saints, Wants Season Ticket Refund Over NFL Players Protest

A season-ticket holder has just filed a lawsuit against the New Orleans Saints demanding the organization refunds his money because some players have disrespected the national anthem before games this season. The fan, Lee Dragna, filed the lawsuit on Monday against the NFL team for $8,000 plus lawyer’s fees. In the lawsuit, he claims, the protest by some players against police brutality and racial injustice has prevented him and his family from enjoying the games.


He bought the tickets for the “entertainment and intellectual enjoyment”, and said he would have never made the purchase had he known NFL players would “use Saints football games as a platform for protests.” Further, the suit alleges Dragna hasn’t attended a game since players protested the first home game, on September 17.


The suit said,




They passed directly in front of where the petitioner and his guests were seated. Many of the fans in that area booed and cursed at the Saints players.


 


Apparently, these players were following the lead of (former San Francisco 49ers quarterback) Colin Kaepernick by disrespecting the flag, the anthem, the USA and those who have served and are serving the USA in our military.   




On Tuesday, Dragna told The New Orleans Advocate,




That the rowdy, angry reaction of the people around his seats has made the tickets unusable by him and his family, as well as customers he would otherwise give the tickets to.


 


He said the behavior of some fans upset by the protests — cursing, spilling beer — is “borderline dangerous,” though he said he thinks the responsibility for that behavior ultimately rests not with the fans but with owner Tom Benson.


 


“The Saints created that behavior by condoning it,” he said.


 


“It’s my thought pattern that (players) should not be allowed (to protest),” he said. “If you sell tickets to a gaming event for entertainment, you should not be allowed to turn it political.”




According to ESPN, the Saints declined to comment, saying they had escalated the situation to the legal department.  However, an anonymous source said the organization is “taking this very seriously, and this fan best have his facts in order.”


“The Saints will come back at this fan who has brought forth incorrect information in his statement with everything to defend the team, organization and players,” the source said.


Two days ago, Saint’s running back Mark Ingram II lashed out at Dragna on social media.. ESPN notes that Ingram was one of 10 Saint players who sat on the bench during the national anthem in week 3, in response to President Trump’s comments about NFL players (see: Trump Goes Nuclear: Trump Sports Feud Escalates: Demands NFL Chief “Tells Them To Stand”).



According to Gabe Feldman, director of Tulane University’s Sports Law Program,


“Fans do not have legal standing or a cause of action simply because they are unhappy with how a team performs or acts on the field. If fans were allowed to sue for breach of contract every time they were disappointed with the performance or conduct of a player, there would be an unending string of lawsuits across the country.”


He further explained:  “An NFL ticket allows you to enter a stadium to watch a football game, but it does not guarantee that the players will act in ways that do not upset you — either athletically or politically.”


And as the story of Dragna’s lawsuit circulates across millions of American households, many of whom have stepped away from NFL stadiums and television sets on Sundays (see: NFL Ratings Slump Worsens As ESPN Forced To Slash $80 Million In Salary Costs.), one wonders: did Dragna start the (inevitable) blowback of angry NFL fans asking teams and Goodell for their money back?









Sunday, December 3, 2017

Doug Casey On Why Millennials Favor Communism

Via CaseyResearch.com,


Communism is better than capitalism...At least, that’s what a growing number of young people in the U.S. think.



I wish I were joking. But a recent study from the Victims of Communism Memorial Foundation, a D.C.-based nonprofit, found that half of the millennials it surveyed would rather live in a socialist or communist country than a capitalist society.


And 22% of those surveyed had favorable views of Karl Marx… while 13% viewed Joseph Stalin and Kim Jong-un as “heroes.”


To figure out what’s behind this disturbing trend, I called Doug Casey…


*  *  *


Justin: So Doug, about half of U.S. millennials would rather live in a socialist or communist country… What’s gotten into the youth?


Doug: The youth are being corrupted, and it’s more serious than ever.


I say that a bit tongue-in-cheek, however.


That’s because one of the two charges against Socrates when he was executed in Ancient Greece was corrupting the youth. Older people always think the youth are foolish, ignorant, lazy, crazy, and generally taking the world to hell in a handbasket. And of course many of their charges are, and always have been, true.


But as kids get older, they generally get wiser, more knowledgeable, harder-working, and more prudent. Nothing new here. The world has survived roughly 250 new generations since civilization began in Sumer 5,000 years ago. And it will likely survive this one too.


That’s the bright side. And, as you know, I always look on the bright side. But, on the other hand, the American university system has been totally captured by Cultural Marxists, socialists, statists, collectivists, promoters of identity politics, and people of that ilk. These people hate Western Civilization and its values, and are actively trying to destroy them.


Justin: How’d that happen? Don’t young people go to college to learn how to think critically?


Doug: When the average 18-year-old goes to college, he knows very little about how the world works in general. He’s got vague ideas he picked up mostly from TV, movies, and people who got a job teaching high school. They know roughly nothing about economics, government, or history. Worse, what they think they know is mostly wrong.


That makes them easy prey for professors with totally bent views to indoctrinate them.


It’s not so much that they’re taught inaccurate facts. There are plenty of “factoids” (artificial facts), of course—like the War Between the States (which shouldn’t be called the Civil War) was mainly fought to free the slaves. Or that Keynesian economics is correct. And many, many more. But that’s just part of the problem.


It’s not the factoids they’re taught. It’s the way the schools interpret actual facts. The meaning they infuse into events. The way they twist the “why?” of events, and pervert concepts of good and evil.


The real problem, however, is that, contrary to what you suggested a moment ago, they’re not taught critical thinking. Rather just the opposite—they’re taught blind acceptance of what’s currently considered politically correct.


Instead of questioning authority in a polite and rational manner—which is what Socrates did—the current idea is to prevent any divergent views from even being discussed. The profs are basically all socialists, and the kids tend to believe what they’re taught. Those views are buttressed by the other sources of information available to them—Hollywood, mass media, and government.


These bad ideas usually start with “intellectuals.” Intellectuals typically despise business and production, even though they envy the money the capitalists have. Intellectuals feel they’re not only smarter, but much more moral. That gives them the right, in their own eyes, to dictate to everyone else. That’s one reason why they’re usually socialists, and approve of a “cadre,” like themselves, ordering everyone else. Intellectuals naturally gravitate to the university system, where they’re paid to hang out with each other, be lionized by kids, hatch goofy ideas.


This has always been the case. But it’s becoming a much bigger problem than in the past.


Justin: How come?


Doug: A much, much higher percentage of kids go to college now than have ever gone to college in the past.


In the recent past, maybe five or a max of ten percent of kids went to college. These days, almost everybody goes. So a much higher proportion of the youth are being infected with memes that the leftists have put in there.


So yeah, some kids will grow out of it, and will realize that most of what they’ve paid an exorbitant amount of money to learn is nonsense. But most will reflexively believe and defend what they were taught in the cocoon. And I’m afraid those people now make up a big chunk of the U.S. population.


So yeah, I think the numbers that are quoted in that article, about how many kids think socialism is good, are probably accurate. And if they don’t think it, almost all of them feel it. Few know the difference between thinking and feeling…


Justin: Today’s universities aren’t just teaching bent ideas about politics and economics. They’re also dispelling insane notions on race.


For example, an anonymous student at Tulane University in New Orleans recently posted a sign that read “It’s okay to be white.”


Nothing wrong with that, right? Well, apparently the Tulane administration wasn’t pleased. Here’s an official response from Tulane’s public relations department.


We have no idea who posted these signs, but that person is obviously not speaking for Tulane University.



I got a chuckle reading that. But it’s a disturbing sign of the times. Wouldn’t you agree?


Doug: Yeah, it borders on the unbelievable. The insane, actually.


Most whites have been indoctrinated, both indirectly and directly, subtly and overtly, over the years. They’ve bought the propaganda that being white is bad. They believe Western Civilization is a bad thing…that white people have destroyed the world.


Even if they don’t want to believe it, because the concept is so stupid and so utterly contrafactual, they end up believing it just because they’ve heard it over and over. It’s very bad news across the board.


Justin: The mainstream media seems to be peddling these bad ideas, too. Wouldn’t you agree?


Doug: Absolutely. The memes that originated with intellectuals in universities have thoroughly infiltrated the mass media and the entertainment industry—places “thought leaders” gravitate towards.


And you’re getting no defense at all from so-called capitalists and business leaders. All they’re interested in is making money. And—absolutely if they’re wired with the Deep State—they don’t really care how they do it. They’re happy to work with and for the government. They self-righteously make charitable contributions to universities and NGOs, subsidizing the source of the poison.


So, there’s almost nobody to defend the ideas that have brought us Western Civilization. And—with the exception of a few anomalies like Taoism, yoga, and Oriental cooking—it’s responsible for about everything that’s good in the world. Without it the whole world would resemble Africa, or Cambodia, or Mongolia—not even today, but 200 years ago. Western ideas are things like individualism, freedom of thought, freedom of speech, science, rationality and capitalism. These concepts no longer have any defenders anywhere. They’re under attack everywhere.


Justin: This can’t be good for the economy in the long run.


Doug: No. It’s one of the reasons I’m generally bearish.


I mean, how can the markets be healthy when what’s left of the ruling class in the country actually hate themselves? When the middle class is collapsing? When political entrepreneurship is valued more than making money through production?


In fact, the economy and the markets are the least of our problems. The very foundation of civilization itself is under attack. The acceptance of destructive ideas is getting to be as serious as what we saw in Russia under the Soviets, in Germany under the Nazis, or China under Mao. More serious, since civilization is under serious attack in the U.S., which has been the bulwark for the last century.


So, excuse me for my bearishness, but I think it’s warranted.


Justin: Thanks as always, Doug.


Doug: You’re welcome.


*  *  *


As Doug says, civilization is under attack in the U.S. And this crisis is only getting worse by the day. That’s why Doug and his team recently released an urgent video that explains exactly what’s going on…and why it’s so important that you take action today. You can learn more right here.









Saturday, November 18, 2017

Ben Garrison On Mending A Fractured America

Authored by Ben Garrison via GrrrGraphics.com,


Earlier this week I was on the Jesse Lee Peterson show out of LA.


It was a short segment early in the morning and we briefly discussed the NFL kneelers. I spoke about how they offended the fans, the veterans, and US history in general. I pointed out that black Americans have just as much stake and heritage in this country as anyone else. The first person to die in the Revolutionary War was Crispus Attucks, a black man. There were black Minute Men. I mentioned Andrew Jackson and the black battalion that was vital in defeating the the British in the Battle of New Orleans.


Peterson had one call for me - a woman who angrily denounced Andrew Jackson and how those slaves were forced to fight. I was taken aback by this, because those men were heroes and veterans to be honored regardless of slavery. Shamefully, some of those men did not get their freedom, but it does not take away from the fact that they put their lives on the line for their country. I might have added that nearly 600,000 ‘privileged’ white men died in the Civil War to end slavery.


The kneelers seem to have forgotten that.


Increasingly our country is divided.


 


Civility is being replaced by name calling–and even violence.


 


People want others with whom they disagree to lose their jobs.


 


Accusations of sexual impropriety are widespread.


 


Censorship is being implemented by the tech left.


 


Rational debate is replaced by name calling and fear.


 


Racial hatred is very real and always has been, but it seems worse nowadays—and our first ‘black’ president, Obama, actually set back race relations.


 


Too many people now hate our country, our history and our culture.



What is that culture? For most of our history it has been predominately European and Christian. For years we’ve had a huge influx of immigrants ‘of color’ who have a lot of children. White people will soon be a minority in the USA. There are some on the alt right calling for the protection of whites by means identity politics and segregation. Many black nationalists also want the return of segregation, after they fought so hard against it. Muslims naturally segregate themselves and demand special food, special treatment, and Sharia Law, which is completely at odds with our Constitution. The rich are getting stupendously richer and segregate themselves in gated communities. Three men in America now control more wealth than the bottom half of the US population.


Immigrants, illegal and otherwise, are now encouraged to keep their own cultures and languages. Some consider the traditional melting pot to be offensive - they say it’s ‘racist’ and ‘nativist.’



The end game of that kind of thinking will be the proliferation of ‘no go’ Balkanized zones in the United States. Trump’s brand of nationalism may be the glue needed to keep our country together. At least for a while longer.









The 11 Nations Of The United States

Via Jim Quinn"s Burning Platform blog,


In his fourth book, “American Nations: A History of the Eleven Rival Regional Cultures in North America,” award-winning author Colin Woodard identifies 11 distinct cultures that have historically divided the US.


Image result for 11 nations of the united states


Yankeedom


Encompassing the entire Northeast north of New York City and spreading through Michigan, Wisconsin, and Minnesota, Yankeedom values education, intellectual achievement, communal empowerment, and citizen participation in government as a shield against tyranny. Yankees are comfortable with government regulation. Woodard notes that Yankees have a “Utopian streak.” The area was settled by radical Calvinists.


Related image


New Netherland


A highly commercial culture, New Netherland is “materialistic, with a profound tolerance for ethnic and religious diversity and an unflinching commitment to the freedom of inquiry and conscience,” according to Woodard. It is a natural ally with Yankeedom and encompasses New York City and northern New Jersey. The area was settled by the Dutch.


new york city


New York City is located in Woodward’s New Netherland.Flickr / Andrés Nieto Porras


The Midlands


Settled by English Quakers, The Midlands are a welcoming middle-class society that spawned the culture of the “American Heartland.” Political opinion is moderate, and government regulation is frowned upon. Woodard calls the ethnically diverse Midlands “America’s great swing region.” Within the Midlands are parts of New Jersey, Pennsylvania, Ohio, Indiana, Illinois, Missouri, Iowa, Kansas, and Nebraska.


Image result for american heartland


Tidewater


Tidewater was built by the young English gentry in the area around the Chesapeake Bay and North Carolina. Starting as a feudal society that embraced slavery, the region places a high value on respect for authority and tradition. Woodard notes that Tidewater is in decline, partly because “it has been eaten away by the expanding federal halos around D.C. and Norfolk.”


Greater Appalachia


Colonized by settlers from the war-ravaged borderlands of Northern Ireland, northern England, and the Scottish lowlands, Greater Appalachia is stereotyped as the land of hillbillies and rednecks. Woodard says Appalachia values personal sovereignty and individual liberty and is “intensely suspicious of lowland aristocrats and Yankee social engineers alike.” It sides with the Deep South to counter the influence of federal government. Within Greater Appalachia are parts of Kentucky, Tennessee, West Virginia, Arkansas, Missouri, Oklahoma, Indiana, Illinois, and Texas.


Louisville


Louisville, Kentucky, is located in Woodward’s Greater Appalachia.Flickr / Peter Dedina


Deep South


The Deep South was established by English slave lords from Barbados and was styled as a West Indies-style slave society, Woodard notes. It has a very rigid social structure and fights against government regulation that threatens individual liberty. Alabama, Florida, Mississippi, Texas, Georgia, and South Carolina are all part of the Deep South.


Image result for deep south


El Norte


Composed of the borderlands of the Spanish-American empire, El Norte is “a place apart” from the rest of America, according to Woodard. Hispanic culture dominates in the area, and the region values independence, self-sufficiency, and hard work above all else. Parts of Texas, Arizona, New Mexico, and California are in El Norte.


One of our most beloved OPs, El Whatever, owns this joint.


Related image


The Left Coast


Colonized by New Englanders and Appalachian Midwesterners, the Left Coast is a hybrid of “Yankee utopianism and Appalachian self-expression and exploration,” Woodard says, adding that it is the staunchest ally of Yankeedom. Coastal California, Oregon, and Washington are in the Left Coast.


San Francisco City and Homes


San Francisco is a natural fit for Woodward’s Left Coast.Shutterstock / prochasson frederic


The Far West


The conservative west. Developed through large investment in industry, yet where inhabitants continue to “resent” the Eastern interests that initially controlled that investment. Among Far West states are Idaho, Montana, Wyoming, Utah, Washington, Oregon, North Dakota, South Dakota, Colorado, Nevada, Utah, Nebraska, Kansas, Arizona, New Mexico, and California. 


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New France


A pocket of liberalism nestled in the Deep South, its people are consensus driven, tolerant, and comfortable with government involvement in the economy. Woodard says New France is among the most liberal places in North America. New France is focused around New Orleans in Louisiana as well as the Canadian province of Quebec.


Related image


First Nation


Made up of Native Americans, the First Nation’s members enjoy tribal sovereignty in the US. Woodard says the territory of the First Nations is huge, but its population is under 300,000, most of whose people live in the northern reaches of Canada.


Related image


Source


*  *  *


Woodard says that among these 11 nations, Yankeedom and the Deep South exert the most influence and are constantly competing with each other for the hearts and minds of the other nations.


“We are trapped in brinkmanship because there is not a lot of wiggle room between Yankee and Southern Culture,” Woodard says.


 


“Those two nations would never see eye to eye on anything besides an external threat.”



Related image


Woodard also believes the nation is likely to become more polarized, even though America is becoming a more diverse place every day.


He says this is because people are “self-sorting.”


“People choose to move to places where they identify with  the values,”  Woodard says. “Red minorities go south and blue minorities go north to be in the majority. This is why blue states are getting bluer and red states are getting redder and the middle is getting smaller.”









Wednesday, October 11, 2017

National Rents Stall For 4th Month In A Row As Multi-Family Supply Glut Takes Its Toll

After a steady march higher in the wake of the "great recession" nearly a decade ago, a note today from Rent Cafe reveals that average rents in the United States have now stalled for 4 months in row with September"s national average coming in at $1,354 per month, which is virtually flat from the $1,350 average reached in the summer.





National rents have barely moved through the entire peak rental season and into September, marking the longest period of stagnation in recent history — 4 consecutive months. Coming in at $1,354 for the month of September, the average rent is only 2.2 percent higher than this time last year. This is the slowest annual growth rate we’ve seen in more than six years — having reached a high point of 5.5%-5.6% peak growth around two years ago — a pretty good indicator that the rental market has entered calmer waters.



Still, that doesn’t mean rents have flat-lined everywhere. Though nationally and in the most expensive cities for renters prices have finally come to a full stop, there are still some holdouts—and it seems renters in smaller and mid-sized cities are not yet getting a break, on the contrary.





As we pointed out over the summer, just like almost any bubble, stagnating rents are undoubtedly the symptom of a massive, multi-year supply bubble in multi-family housing units sparked by, among other things, cheap borrowing costs for commercial builders.  Per the chart below from Goldman Sachs, multi-family units under construction is now at record highs and have eclipsed the previous bubble peak by nearly 40%.


Goldman



But, while rents are certainly slowing – and construction is indeed playing its part – the impact isn’t spread evenly across all markets as Rent Cafe notes that the construction boom in Texas has earned the state 6 out of 10 of the worst performing rental markets in the country. 





The anticipated rent drops from Hurricane Harvey have not been realized in the city of Houston, but are seen in other Texas communities, with the biggest changes being outside of Harvey’s reach, as a result of the major apartment construction taking place throughout the state. Lubbock, located on the west side of the state, came in at No. 1 for biggest year-over-year rent decreases in the nation, with rents dropping 3.4 percent since 2016.



Rents for apartments in Round Rock, a suburb outside Austin—another city barely touched by Harvey, dipped to $1,092—3.4 percent below last year’s numbers. Round Rock took the No. 2 spot for biggest rent decreases of the year.



Texas claimed the third spot, too, with McAllen’s 2.6 percent drop in rents since last year, and three other Texas towns—College Station, Waco and Plano—also made the top 10, with decreases of 2.4 percent, 2 percent, and 1.1 percent, respectively. The rest of the list was spread throughout the nation, with California’s Simi Valley taking No. 4 (down 2.6 percent), New Orleans at No. 5 (down 2.4 percent), Manhattan, NYC at No. 8 (down 1.9 percent), and Tulsa, Oklahoma at No. 9 (down 1.5 percent.)




Meanwhile, areas with stronger job markets and/or better overall affordability are still seeing demand growth which, combined with a lack of capital investment, is driving rents considerably higher.





Though smaller and mid-sized towns used to be a haven for renters looking to avoid the sky-high prices of large urban areas, it seems those days are in the past. September’s list of fastest-growing rents is dominated by small and medium-sized towns—many boasting double-digit growth since this time last year.



The Lone Star State’s Odessa and Midland—both hubs of oil and gas activity—came in at the top two spots, with jumps of 24.7 percent and 20.7 percent, respectively. Odessa rents now clock in at $1,060 per month, while Midland’s reach even higher, coming in at $1,225.



The rest of the nation’s fastest-growing rents can be found largely on the West Coast, with California, Washington, Nevada and Colorado taking up the remaining bulk of the list. The only Northeastern cities to see big year-over-year rent growth were Buffalo, New York, with an 11.2 percent jump over 2016, and Elizabeth, New Jersey, which saw rents climb 8.5 percent to $1,187.





Finally, here are the top 10 most and least expensive rental markets in the U.S. at the end of September 2017.  To our complete lack of surprise, New York and California continue to dominate the expensive list while Southern and Midwestern markets continue to provide the best value...perhaps this is why all those domestic migration studies show a mass exodus from the cities on the left to the cities on the right?  Just a hunch...


Saturday, October 7, 2017

State Of Emergency Declared Across Southeastern US As Hurricane Nate Looms

Update (1 pm ET):  With Nate expected to strengthen into a category 2 storm by the time it makes landfall in southeastern Louisiana late Saturday, the NHC has expanded its storm warnings to include the part of the Florida panhandle east of the Okaloosa/Walton County Line to Indian Pass Florida, which is now under a tropical storm warning. Meanwhile, mandatory evacuations are set to begin in Port Fourchon, Louisiana at 12pm local time Saturday for remaining staff at the port, according to storm update by the Greater Lafourche Port Commission. This follows mandatory evacuation ordered by Lafourche Parish, La., President Jimmy Cantrelle for areas below floodgates in Golden Meadow, La. In addition, the US Coast Guard has suspended marine traffic activity as of 8 am local time for sector Mobile, which includes the ports of Gulfport and Pascagoula in Mississippi, Mobile, Ala., and Pensacola, Fla., in preparation for Hurricane Nate, according to an agency bulletin.


Staff at offshore oil rigs in the Gulf were ordered to evacuate, leaving nearly three-quarters of US Gulf of Mexico oil production was offline ahead of the storm. American Midstream Partners LP’s Destin gas pipeline and Enbridge Inc.’s Nautilus and Manta Ray lines are evacuating staff from Gulf platforms.




Thanks to Harvey, and now Nate, natural gas production in the Gulf of Mexico has plunged to the lowest level in three years. Gulf gas output may drop as much as 1.4 billion cubic feet a day, while 1.1 million barrels a day of offshore oil production and 3 million barrels of refining capacity are at risk, according to Shunondo Basu, an analyst at Bloomberg New Energy Finance.


* * *


After battering Honduras and Nicaragua with 80 mph winds and torrential rains that caused an estimated $250 million in damage, Hurricane Nate is rapidly advancing toward the US Gulf Coast and is expected to make landfall late Saturday in southeastern Louisiana, not far from where Hurricane Katrina landed in 2005. Experts expect that, once it"s course, the storm will have caused as much as $1 billion in damages across the US and Central America, far short of the tens of billions of dollars of destruction wrought by Irma and Harvey.


The storm, packing winds of 85 mph and moving at a speed of 22 mph, is expected to reach category 2 strength before it makes landfall – the third storm to hit the US mainland in six weeks.  As a category 2, it’s expected to be weaker than Katrina was when it made landfall as a category 3 in 2005. As of 8 am ET, the storm was 245 miles from the mouth of the Mississippi River, the National Hurricane Center said in its latest advisory. The quick-moving storm was expected to make landfall around Plaquemine Parish in Louisiana, southeast of New Orleans, just like Katrina did.



Fortunately for residents of New Orleans, Nate’s similarities to Katrina end there.  Nate is expected to cause only a fraction of the damage that Katrina wrought (though it wouldn’t be the first time this season that forecasters underestimated a Hurricane’s potential for devastation). Katrina brought a 24- to 28-foot (7.3- to 8.5-meter) storm surge with it that killed 1,800 people and flooded New Orleans. Nate’s surge is forecast to reach four to seven feet.


Like Irma and Harvey before it, meteorologists are amazed by Nate’s speed as it sprinted north-northwest away from Honduras at 22 mph, according to the NHC.



“I am amazed at how fast it is moving,” said Matt Rogers, president of the Commodity Weather Group LLC in Bethesda, Maryland. “It just lifted off Honduras and it is going to make landfall in New Orleans by tomorrow.”


Nate may dump as much as 6 inches of rain across U.S. Gulf Coast states, the eastern Tennessee Valley and southern Appalachians through the weekend, the hurricane center said. Some areas may get 10 inches, according to CNN.


With the memory of Katrina’s devastation still fresh in the minds of many residents, Louisiana has begun mandatory evacuations in areas near the levees in both New Orleans and Plaquemines Parish. President Trump on Friday declared an emergency in Louisiana ahead of Nate and ordered federal assistance to supplement state and local response efforts.


New Orleans leaders issued a citywide mandatory curfew beginning at 7 pm Saturday and continuing into Sunday morning until "the severe weather has passed."


As Nola.com reports, New Orleans Mayor Mitch Landrieu announced the curfew during a Friday news conference about the coming storm.


At a certain point, officials expect weather conditions to make travel impossible for first-responders, even in answer to emergency calls.



Beyond New Orleans, some 18 million Gulf Coast residents were under threat as Hurricane Nate powered toward the mainland early Saturday, bringing with it rain and storm surges to parts of Louisiana, Alabama and Florida.


A hurricane warning is in effect for portions of the northern Gulf Coast from Louisiana to Alabama, and preparations to protect life and property should be rushed to completion in these areas," the hurricane center said. "Life-threatening storm surge flooding is likely along portions of the northern Gulf Coast." A storm surge warning was in place from Morgan City, Louisiana to the Okaloosa-Walton county line in Florida.



Forecasters expect Nate’s winds will be particularly devastating. The storm"s reach will be wide, CNN meteorologist Chad Myers said, with strong winds affecting population centers from New Orleans to Panama City, Florida. Biloxi, Mississippi, could experience gusts of up to 100 mph as the storm tears down power lines. CNN says it could potentially leave one million people without power between eastern Louisiana and the Florida panhandle., according to Bloomberg.


The storm could also potentially drop 3 to 6 inches of rain, with 10 inches possible in some areas, from the central Gulf Coast north across the Deep South, the eastern Tennessee Valley and the southern Appalachians through Monday, the hurricane center said. Flash flooding like what was seen in Houston and Puerto Rico is a possibility.


The one upside of the storm’s aggressive pace is that it’s expected to pass quickly. Meteorologists expect it will be headed north across the Deep South, the eastern Tennessee Valley and the southern Appalachians.


"Once it hits land, it looks like it"s going to be very quick to move out of the area and then weaken," CNN meteorologist Jennifer Varian said.


Already, the storm’s impact on commodity markets is shaping up to be similar to the impact that Harvey and Irma had.


Orange-juice futures rallied on speculation that Nate may damage crops. Drillers including BP Plc and Chevron Corp. evacuated and shut oil and gas platforms in the Gulf. Phillips 66 was said to have reduced refining rates at the Alliance plant south of New Orleans, and the U.S. Coast Guard limited vessel traffic in the region.


Platforms in the Gulf of Mexico account for about 17 percent of U.S. oil output and 4% of gas production. Roughly 45 percent of petroleum refining capacity is on the coast. Gulf gas output may drop as much as 1.4 billion cubic feet a day, according to Shunondo Basu, an analyst at Bloomberg New Energy Finance.



Bracing for the storm, governors across the Southeast have declared states of emergency. Florida Governor Rick Scott (R) declared a state of emergency in 29 counties, and 7,000 members of the National Guard have been made available for deployment.


Alabama Governor Kay Ivey issued a state of emergency and advised residents to restock their emergency kits and make an evacuation plan, Russia Today reports.


“By Saturday noon you should be in your safe place,” Ivey told a news conference. “This is a fast-moving storm and we must begin preparing now."
 

Thursday, September 28, 2017

Bang For Your Buck? Mapping Where A Dollar Goes Furthest In America

Go to any large, high-density city like New York or San Francisco, and you’ll notice a difference in costs immediately.


The price you pay for groceries, dinner at the restaurant, filling up your tank, or even your daily coffee goes up substantially. With high-paying jobs, booming economies, limited space, and soaring levels of density, cities can be expensive.


DOLLAR DISPARITY


While this effect on costs is most evident in cities, Visual Capitalist"s Jeff Desjardins notes that it’s actually present throughout the country.


What you can buy for your paycheck varies wildly depending on where you are, greatly impacting purchasing power and the cost of living. Sometimes even a short one-hour drive can make a difference in some cases.


Today’s two maps come from TaxFoundation.org, and they look at regional differences in purchasing power, based on information from the Bureau of Economic Analysis.


BANG FOR BUCK, BY STATE


The following map shows the buying power of $100 by state.


If the number is below, such as $90, it means money buys less than the federal average. If a state’s number is higher, such as $110, that means each dollar goes further, giving residents more purchasing power.



Generally speaking, dollars go furthest in states in the Southeast and Midwest parts of the country. Go to places like Arkansas or South Dakota, and you’ll see higher purchasing power.


Here are the five states that have the most buying power:



And here are the five with the least buying power:



BANG FOR BUCK, BY COUNTY


The state map does not tell the whole story, however.


The reality is that density makes a big difference for buying power, and large metropolitan areas tend to be more expensive. The following chart breaks it down based on county, creating a much more interesting contrast.



The above rendition makes it clear that the Bay Area, New York City, and Washington D.C. are the places where the relative value of a dollar is lowest.


Meanwhile, it also shows that metropolitan areas in some parts of the country are not too bad for the cost of living. Cities like Atlanta ($104.10), Nashville ($106.50), Phoenix ($102.90), Milwaukee ($104.50), Kansas City ($106.70), Jacksonville ($104.40), and New Orleans ($104.60) buck the trend, being cheaper than the American average.


Here’s another look – this time with an interactive map that allows you to hover over individual metro areas:

Monday, September 25, 2017

"Sunday Night Football" Ratings Slide Following Day Of Player Protests

As it turns out, President Donald Trump may have been on to something when he said NFL players were turning off viewers by kneeling during the National Anthem. As Deadline reports, both the NBC and NFL took a hit during Sunday Night Football last night when ratings dropped, as some Americans appeared to heed Trump’s call to boycott the NFL unless owners agree to fire or suspend players who don’t stand during the anthem.


In metered market numbers, the primetime match-up between the 27-10 winning Washington Redskins and the Oakland Raiders snared an 11.6/20. That’s the worst rating for SNF so far this season, marking an 8% dip from the early numbers of last week’s Atlanta Falcon’s 34-23 win over the Green Bay Packers, and a 10% dip from the same week last year.



The Redskins linked arms last night, while nearly every single Raiders player sat on the bench during the anthem, Deadline says.


Here are the top markets for last night’s SNF:


D.C.- 23.3/40


Richmond – 22.1/33


Norfolk – 19.8/31


Sacramento – 17.5/32


S.F./Oakland – 17.2/35


New Orleans – 17.2/24


Denver – 16.2/27


Buffalo- 15.4/24


Kansas City – 14.8/24


Las Vegas – 14.5/23


However, not every network saw a ratings dip. Bloomberg reports that CBS, whose Sunday night games included a closely fought matchup between the Green Bay Packers and the Cincinnati Bengals, experienced a small ratings bump, probably because the close score drew in more viewers. Fox hasn’t yet released viewership numbers for its NFL games on Sunday. Overnight ratings are subject to change when final numbers are released later Monday. The New York Times and other mainstream media had discounted Trump"s claim, tweeted over the weekend, that the NFL"s ratings had suffered because of the protests, despite a survey showing that many fans reported tuning out last year because of the protests.


Trump criticized the NFL Friday night during a rally in Alabama, where he called players who kneel for the anthem "a son of a b***H" and said any team owner who fired or suspended the protesting players would become "the most popular person in the country - at least for a week." His comments drew rebukes from NFL Commissioner Roger Goodell, as well as Patriots owner Robert Kraft and former Buffalo Bills and New York Jets head coach Rex Ryan.


The trend of kneeling for the anthem started last year when no- unemployed quarterback and then San Francisco 49er Colin Kaepernick refused to stand, saying he refused to honor the US because of institutionalized racism. Since then, a number of NFL players have publicly protested police brutality and racial injustice by not standing for the National Anthem.


Monday, September 11, 2017

Catastrophe Bonds Suffer Biggest Crash In History

Lat week, when the eye of Hurricane Irma was still expected to pass over Miami, resulting in potentially unprecedented damages, including dramatic losses to the P&C sector, we reported that "Catastrophe Bond Investors Face Wipe Out As Hurricane Irma Approaches." This was partially validated by several liquidation trades, the most prominent of which was the plunge in the Citrus Re Cat bonds, which were repriced from par to 50 cents on the dollar after someone dumped a massive chunk of the paper heading into this weekend, unwilling to hold on further risk exposure which according to some of the more aggressive loss estimates, saw as much as the entire principal on the issue wiped out.




As it turns out, it wasn"t just that one Citrus Re seller who got spooked: following the latest weekly remarking of the Swiss Re Cat Bond price return Index, the entire catastrophe bond sector saw broad-based, pardon the pun, liquidations last week and as a result was marked down by a record 16% on Friday, wiping out all of the year"s gains and then some.



And yet, despite concerns of a worst-case scenario, hurricane Irma weakened as it moved past Tampa on Monday, leaving in its wake a state that avoided the worst predictions of its destruction by sea and storm.


“Miami and Miami Beach, we didn’t dodge a bullet, we dodged a cannon,” Miami Beach Mayor Philip Levine said in an interview Monday morning.


So in light of the sharp reduction in estimated damages from Irma, investors are assessing whether the record plunge in cat bonds is justified and if it makes sense to, well, BTFD.


As reported earlier, various analysts have released revised damage numbers on Monday, prompting a sharp squeeze in P&C stocks. As Bloomberg reported, Chuck Watson, an Enki Research disaster modeler in Savannah, Georgia, had predicted total damages as high as $200 billion. However, the hurricane dwindled to a Category 2 before reaching the Tampa Bay area. That could keep damages under $49 billion, with insured losses at about $19 billion, sparing insurance companies, Watson said. Bloomberg Intelligence analyst Jonathan Adams puts insured losses now at $13 billion, down from an earlier estimate of $33 billion.


Citi, similarly, reduced its Irma-related losses from $150 billion to only $50 billion; AIR Worldwide lowered its top estimate for U.S. insured damage from Hurricane Irma to $40 billion from $50 billion, maintaining the low end its expected range at $20 billion, according to Artemis.





By comparison, total losses from Hurricane Katrina reached $160 billion in 2017 dollars after it slammed into New Orleans in 2005. While Irma didn’t reach that level of destruction, it could surpass the damage caused by 1992’s Hurricane Andrew that punched its way across the Florida peninsula.



Furthermore, as Gadfly notes, on Saturday, risk modeling company RMS said there"s only a 10% chance that wind losses from Irma will exceed $60 billion, an estimate that will be drastically lowered further this week. That should give a further boost to the cat bond market, as 60% of it is linked to wind damages.





The weighting toward wind makes sense, as it"s much easier to model. Flood is a different matter -- it"s much harder to project losses, and so comprises a much smaller part of the catastrophe bond market, which itself occupies one corner of the reinsurance sector known as the insurance-linked strategies market.




And while flood-related losses will likely be sizable, worries here are more constrained as they are more broadly diluted across the entire Insurnance-Linked Securities space:





"instruments linked to flood risk are dispersed across the ILS market, and a wobble in one of them need not affect the whole sector. As concern begins to shift from the initial storm hit to the damage from rising water levels, it looks like both the ILS and cat bond markets will be able to cope with the damage, and the rest of the U.S. storm season."



And so, following a restless weekend in which the smallest of revisions in the hurricane"s path resulted in dramatic downstream consequences for billions in assets, investors are offered yet another opportunity to generate short term returns, this time courtesy of Buying The Hurricane Dip.

Tuesday, August 29, 2017

Paul Craig Roberts On "The Weaponization Of History And Journalism"

Authored by Paul Craig Roberts,


"...we don’t need no stinkin’ facts..."



In the United States, facts, an important element of truth, are not important. They are not important in the media, politics, universities, historical explanations, or the courtroom. Non-factual explanations of the collapse of three World Trade Center buildings are served up as the official explanation. Facts have been politicized, emotionalized, weaponized and simply ignored. As David Irving has shown, Anglo-American histories of World War 2 are, for the most part, feel-good histories, as are “civil war” histories as Thomas DiLorenzo and others have demonstrated. Of course, they are feel good only for the victors. Their emotional purpose means that inconvenient facts are unpalatable and ignored.


Writing the truth is no way to succeed as an author. Only a small percentage of readers are interested in the truth. Most want their biases or brainwashing vindicated. They want to read what they already believe. It is comforting, reassuring. When their ignorance is confronted, they become angry. The way to be successful as a writer is to pick a group and give them what they want. There is always a market for romance novels and for histories that uphold a country’s myths. On the Internet successful sites are those that play to one ideology or another, to one emotion or the other, or to one interest group or another. The single rule for success is to confine truth to what the readership group you serve believes.


Keep this in mind when you receive shortly my September quarterly request for your support of this website. There are not many like it. This site does not represent an interest group, an ideology, a hate group, an ethnic group or any cause other than truth. This is not to say that this site is proof against error. It is only to say that truth is its purpose.


Karl Marx said that there were only class truths.


Today we have a large variety of truths: truths for feminists, truths for blacks, Muslims, Hispanics, homosexuals, transgendered, truths for the foreign policy community that serves the military/security complex, truths for the neocons, truths for the One Percent that control the economy and the economists who serve them, truths for “white supremacists,” itself a truth term for their opponents. You can add to the list. The “truth” in these “truths” is that they are self-serving of the group that expresses them. Their actual relation to truth is of no consequence to those espousing the “truths.”


Woe to you if you don’t go along with someone’s or some group’s truth. Not even famous film-maker Oliver Stone is immune. Recently, Stone expressed his frustration with the “False Flag War Against Russia.”  Little doubt that Stone is frustrated with taunts and accusations from completely ignorant media talking heads in response to his documentary, Putin, based on many hours of interviews over two years. Stone came under fire, because instead of demonizing Putin and Russia, thus confirming the official story, he showed us glimpses of the truth.


The organization, Veteran Intelligence Professionals for Sanity, published a report that completely destroyed the false accusations about Trump/Russian hacking of the US presidential election. The Nation published an objective article about the report and was assaulted by writers, contributors, and readers for publishing information that weakens the case, which the liberal/progressive/left in conjunction with the military/security complex, is orchestrating against Trump. The magazine’s audience felt that the magazine had an obligation not to truth but to getting Trump out of office. Reportedly, the editor is considering whether to recall the article.


So here we have left-leaning Oliver Stone and leftwing magazine, The Nation, under fire for making information available that is out of step with the self-serving “truth” to which the liberal/progressive/left and their ally, the military/security complex, are committed.


When a country has a population among whom there are no truths except group-specific truths, the country is so divided as to be over and done with. “A house divided against itself cannot stand.” The white liberal/progressive/left leaders of divisive Identity Politics have little, if any, comprehension of where the movement they think they lead is headed. At the moment the hate is focused on the “alt-right,” which has become “white nationalists,” which has become “white supremacists.” These “white supremacists” have become epitomized by statues of Confederate soldiers and generals. All over the South, if local governments are not removing the statues, violent crazed thugs consumed by hate attempt to destroy them. In New Orleans someone with money bused in thugs from outside flying banners that apparently are derived from a communist flag to confront locals protesting the departure of their history down the Orwellian Memory Hole.


What happens when all the monuments are gone? Where does the hate turn next? Once non-whites are taught to hate whites, not even self-hating whites are safe. How do those taught hate tell a good white from a bad white? They can’t and they won’t. By definition by Identity Politics, whites, for now white heterosexual males, are the victimizers and everyone else is their victim. The absurdity of this concept is apparent, yet the concept is unshaken by its absurdity. White heterosexual males are the only ones without the privilege of quotas. They and only they can be put at the back of the bus for university admissions, employment, promotion, and only their speech is regulated. They, and only they, can be fired for using “gender specific terms,” for using race specific terms, for unknowingly offending some preferred group member by using a word that is no longer permissible. They can be called every name in the book, beginning with racist, misogynist, and escalating, and no one is punished for the offense.


Recently, a professor in the business school of a major university told me that he used the word, girls, in a marketing discussion. A young womyn was offended. The result was he received a dressing down from the dean. Another professor told me that at his university there was a growing list of blacklisted words. It wasn’t clear whether the list was official or unofficial, simply professors trying to stay up with Identity Politics and avoid words that could lead to their dismissal. Power, they tell me, is elsewhere than in the white male, the true victimized class.


For years commentators have recognized the shrinking arena of free speech in the United States. Any speech that offends anyone but a white male can be curtailed by punishment. Recently, John Whitehead, constitutional attorney who heads the Rutherford Institute, wrote that it is now dangerous just to defend free speech. Reference to the First Amendment suffices to bring denunciation and threats of violence. Ron Unz notes that any website that can be demonized as “controversial” can find itself disappeared by Internet companies and PayPal. They simply terminate free speech by cutting off service.


It must be difficult to teach some subjects, such as the “civil war” for example. How would it be possible to describe the actual facts? For example, for decades prior to the Union’s invasion of the Confederacy North/South political conflict was over tariffs, not over slavery.


The fight over which new states created from former “Indian” territories would be “slave” and which “free” was a fight over keeping the protectionist (North) vs. free trade (South) balance in Congress equal so that the budding industrial north could not impose a tariff regime. Two days before Lincoln’s inaugural address, a stiff tariff was signed into law. That same day in an effort to have the South accept the tariff and remain in or return to the Union—some southern states had seceded, some had not—Congress passed the Corwin amendment that provided constitutional protection to slavery. The amendment prohibited the federal government from abolishing slavery.


Two days later in his inaugural address, which seems to be aimed at the South, Lincoln said: “I have no purpose, directly or indirectly, to interfere with the institution of slavery in the States where it exists. I believe I have no lawful right to do so, and I have no inclination to do so.”


Lincoln’s beef with the South was not over slavery or the Fugitive Slave Act. Lincoln did not accept the secessions and still intended to collect the tariff that now was law. Under the Constitution slavery was up to the states, but the Constitution gave the federal government to right to levy a tariff. Lincoln said that “there needs to be no bloodshed or violence” over collecting the tariff. Lincoln said he will use the government’s power only “to collect the duties and imposts,” and that “there will be no invasion, no using of force against or among the people anywhere.”


Here is Lincoln, “the Great Emancipator,” telling the South that they can have slavery if they will pay the duties and imposts on imports. How many black students and whites brainwashed by Identity Politics are going to sit there and listen to such a tale and not strongly protest the racist professor justifying white supremacy and slavery?


So what happens to history when you can’t tell it as it is, but instead have to refashion it to fit the preconceived beliefs formed by Identity Politics? The so-called “civil war,” of course, is far from the only example.


In its document of secession, South Carolina made a case that the Constitutional contract had been broken by some of the northern states breaking faith with Article IV of the Constitution. This is true. However, it is also true that the Southern states had no inclination to abide by Section 8 of Article I, which says that “Congress shall have power to lay and collect taxes, duties, imposts and excises.” So, also the South by not accepting the tariff was not constitutionally pure.


Before history became politicized, historians understood that the North intended for the South to bear costs of the North’s development of industry and manufacturing. The agricultural South preferred the lower priced goods from England. The South understood that a tariff on British goods would push import prices above the high northern prices and lower the South’s living standards in the interest of raising living standards in the North. The conflict was entirely economic and had nothing whatsoever to do with slavery, which also had existed in the North. Indeed, some northern states had “exclusion ordinances” and anti-immigration provisions in their state constitutions that prohibited the immigration of blacks into northern states.


If freeing slaves were important to the North and avoiding tariffs was important to the South, one can imagine some possible compromises. For example, the North could have committed to building factories in the South. As the South became industrialized, new centers of wealth would arise independently from the agricultural plantations that produced cotton exports. The labor force would adjust with the economy, and slavery would have evolved into free labor.


Unfortunately, there were too many hot heads. And so, too, today.


In America there is nothing on the horizon but hate. Everywhere you look in America you see nothing but hate. Putin is hated. Russia is hated. Muslims are hated. Venezuela is hated. Assad is hated. Iran is hated. Julian Assange is hated. Edward Snowden is hated. White heterosexual males are hated. Confederate monuments are hated. Truth-tellers are hated. “Conspiracy theorists” are hated. No one escapes being hated.


Hate groups are proliferating, especially on the liberal/progressive/left. For example, RootsAction has discovered a statue of Robert E. Lee in the U.S. Capitol and urges all good people to demand its removal. Whether the level of ignorance that RootsAction personifies is real or just a fund-raising ploy, I do not know. But clearly RootsAction is relying on public ignorance in order to get the response that they want. In former times when the US had an educated population, everyone understood that there was a great effort to reconcile the North and South and that reconciliation would not come from the kind of hate-mongering that now infects RootsAction and most of the action groups and websites of the liberal/progressive/left.


Today our country is far more divided that it was in 1860.


Identity Politics has taught Americans to hate each other, but, nevertheless, the zionist neoconservatives assure us that we are “the indispensable, exceptional people.” We, a totally divided people, are said to have the right to rule the world and to bomb every country that doesn’t accept our will into the stone age.


In turn the world hates America. Washington has told too many lies about other countries and used those lies to destroy them. Iraq, Libya, Yemen, Afghanistan, Somalia, and large chunks of Syria and Pakistan are in ruins. Washington intends yet more ruin with Venezuela currently in the cross hairs.


Eleven years ago Venezuelan President Hugo Chavez resonated with many peoples when he said in his UN speech: “Yesterday at this very podium stood Satan himself [Bush], speaking as if he owned the world; you can still smell the sulphur.”


It is difficult to avoid the conclusion that America is a font for hatred both at home and abroad.

Friday, August 25, 2017

Pat Buchanan Wonders..."What Still Unites Us?"

Authored by Patrick Buchanan via Buchanan.org,


Decades ago, a debate over what kind of nation America is roiled the conservative movement.


Neocons claimed America was an “ideological nation” a “creedal nation,” dedicated to the proposition that “all men are created equal.”


Expropriating the biblical mandate, “Go forth and teach all nations!” they divinized democracy and made the conversion of mankind to the democratic faith their mission here on earth.


With his global crusade for democracy, George W. Bush bought into all this. Result: Ashes in our mouths and a series of foreign policy disasters, beginning with Afghanistan and Iraq.


Behind the Trumpian slogan “America First” lay a conviction that, with the Cold War over and the real ideological nation, the USSR, shattered into pieces along ethnic lines, it was time for America to come home.


Contra the neocons, traditionalists argued that, while America was uniquely great, the nation was united by faith, culture, language, history, heroes, holidays, mores, manners, customs and traditions. A common feature of Americans, black and white, was pride in belonging to a people that had achieved so much.


The insight attributed to Alexis de Tocqueville — “America is great because she is good, and if America ceases to be good, she will cease to be great” — was a belief shared by almost all.


What makes our future appear problematic is that what once united us now divides us. While Presidents Wilson and Truman declared us to be a “Christian nation,” Christianity has been purged from our public life and sheds believers every decade. Atheism and agnosticism are growing rapidly, especially among the young.


Traditional morality, grounded in Christianity, is being discarded. Half of all marriages end in divorce. Four-in-10 children are born out of wedlock. Unrestricted abortion and same-sex marriage — once regarded as marks of decadence and decline — are now seen as human rights and the hallmarks of social progress.


Tens of millions of us do not speak English. Where most of our music used to be classic, popular, country and western, and jazz, much of it now contains rutting lyrics that used to be unprintable.


Where we used to have three national networks, we have three 24-hour cable news channels and a thousand websites that reinforce our clashing beliefs on morality, culture, politics and race.


Consider but a few events post-Charlottesville.


“Murderer” was painted on the San Fernando statue of Fr. Junipero Serra, the Franciscan who founded the missions that became San Diego, San Francisco, San Juan Capistrano and Santa Clara.


America’s oldest monument honoring Columbus, in Baltimore, was vandalized. Sen. Tim Kaine of Virginia called for Robert E. Lee’s statue to be removed from Capitol and replaced by — Pocahontas.


According to legend, this daughter of Chief Powhatan saved Captain John Smith from being beheaded by throwing herself across his neck. The Chief was a “person of interest” in the disappearance of the “Lost Colony” of Roanoke Island, among whose missing was Virginia Dare, the first European baby born in British America.


Why did Kaine not call for John Smith himself, leader of the Jamestown Colony that fought off Indian attacks, to be so honored?


In New Orleans, “Tear It Down” was spray-painted on a statue of Joan of Arc, a gift from France in 1972. Besides being a canonized saint in the Catholic Church and a legendary heroine of France, what did the Maid of Orleans do to deserve this?


Taken together, we are seeing the discoverers, explorers and missionaries of North America demonized as genocidal racists all. The Founding Fathers are either slave owners or sanctioners of slavery.


Our nation-builders either collaborated in or condoned the ethnic cleansing of Native Americans. Almost to the present, ours was a land where segregationists were honored leaders.


Bottom line for the left: Americans should be sickened and ashamed of the history that made us the world’s greatest nation. And we should acknowledge our ancestors’ guilt by tearing down any and all monuments and statues that memorialize them.


This rising segment of America, full of self-righteous rage, is determined to blacken the memory of those who have gone before us.


To another slice of America, much of the celebrated social and moral “progress” of recent decades induces a sense of nausea, summarized in the lament, “This isn’t the country we grew up in.”


Hillary Clinton famously described this segment of America as a “basket of deplorables … racist, sexist, homophobic, xenophobic, Islamaphobic … bigots,” and altogether “irredeemable.”


So, what still unites us? What holds us together into the indefinite future? What makes us one nation and one people? What do we offer mankind, as nations seem to recoil from what we are becoming, and are instead eager to build their futures on the basis of ethnonationalism and fundamentalist faith?


If advanced democracy has produced the disintegration of a nation that we see around us, what is the compelling case for it?


A sixth of the way through the 21st century, what is there to make us believe this will be the Second American Century?



Source

Wednesday, August 16, 2017

Brien Lundin: If They Don't Want You To Own It, You Probably Should

We"re living through the most extraordinary period of monetary manipulation in all of human history. It’s as widespread as it is delusional.


One of the most perplexing mysteries to us is that right as the Federal Reserve embarked on QE3 -- which was a huge, enormous, $85 billion a month experiment -- commodities began a multiyear decline within two weeks of that announcement. Concurrently, the world’s central banks plunged the world into steeply negative real interest rates, a condition that has almost always resulted in booming commodity prices -- but not this time. Today, the ratio between commodity prices and equities is at one of, if not the most, extreme points in history.



To explain that gap, we talk this week with Brien Lundin, publisher of Gold Newsletter and producer of the New Orleans Investment Conference (where Chris and Adam are speaking on Oct 25-28):





Gold Newsletter was started in 1971 by my mentor in the business, Jim Blanchard. That"s the same year that the United States had closed the gold window, closed the convertibility of dollars into gold by other nations. Jim realized that now the US could print money with full abandon, it could print as much money and create as much debt as it wanted.



And at that time still, and until we managed to get gold legalized in 1974, you couldn’t own gold legally, except in the form of jewelry or rare coins. It was up there with plutonium and heroin as substances you weren"t allowed to own.



So it should be little surprise that, today, we"re seeing a synchronous rise in equity markets across the globe. It corresponds almost exactly with the unprecedented rise in debt, in liquidity, in all of these developed nations. If you look for example at the rise in the Fed"s balance sheet since 2008 and the corresponding rise in the S&P 500, the correlation is 97%. I don’t think that’s a coincidence. That’s where all of this reflation, this monetary reflation went, into those markets -- which is why you really need to up your allocation to the uncorrelated assets [such as the precious metals] that are at historic lows in relation to financial assets.



Every time in history, before we’ve had a great upset in the financial markets, people have said: This time is different. And every time, it’s proven not to be. You have to have a correction. You have to have things return to the mean and, usually, overshoot a bit.



Alan Greenspan just a couple of days ago made the point that we’re in a bond market bubble and that"s what’s eventually going to burst. The risk inherent in bonds is not being priced into the markets now. When that bond bubble bursts, it’s going to take equities down with it. And there’s still tremendous liquidity out there; massive amounts of money will start suddenly looking for a safe haven.



The gold market is miniscule. It’s so small relative to the funds that are in bonds, interest bearing securities, equities, that it won’t take much of an allocation at all to send gold to record levels. That’s going to happen at some point. We can get fuzzy on the actual timescale and the timing of when it’s going to happen. But the fact that it will happen is inevitable, these trends are absolutely irreversible at this point.



So...What’s so special about gold? If it"s what they tell us: that it’s a barbaric relic and it has no use in society, then why be so secretive about it? Why be so reluctant to have your citizens own it? That alone tells you all you really need to know.



If they don’t want you to know about it, if they don’t want you to own it, you probably should.



Click the play button below to listen to Chris" interview with Brien Lundin (46m:01s).