MONEY: The FED is clueless when it counts

Friday, February 28, 2014

Fed’s 2008 Transcripts Show Struggle to Grasp Magnitude of Crisis
Two days after U.S. officials decided to let Lehman Brothers collapse in September 2008, and just before the Federal Reserve was about to unleash a torrent of new support programs to bolster a crumbling financial system, central-bank officials were still struggling to grasp the magnitude of the calamity that had hit the U.S. economy.

“I think that our policy is looking actually pretty good,” Fed Chairman Ben Bernanke said of the level of interest rates at a closed-door Fed policy meeting on Sept. 16, 2008, according to transcripts of its policy meetings that were released Friday with the traditional five-year lag.

By year-end the Fed had cut interest rates to zero, announced plans to start buying private mortgage-backed securities, and set up programs to prop up money-market funds and the commercial-paper market and individual banks such as Citigroup.

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So why do we allow the banking cartel to run the nation’s money?

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RANT: Two four year sentences for a ruined life doesn’t seem fair?

Thursday, February 27, 2014

http://www.theatlantic.com/politics/archive/2014/02/reduce-the-prison-population-but-jail-violent-criminals-longer/283990/

Reduce the Prison Population, but Jail Violent Criminals Longer – Conor Friedersdorf – The Atlantic

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But his attackers kept up the assault. One repeatedly kicked the off-duty paramedic in the head. He was lucky to survive. After arriving at the hospital, he was put into a medically induced coma. He’d stay in professional care facilities for two years. He could’ve stayed longer, but his insurance money ran out.

Now he lives at his parents’ house.

For the rest of his life, he will suffer from brain damage and require caregivers. He was beaten so severely that, forever more, he’ll need to wear an adult diaper. “He has to be reminded why a plastic shunt juts from the base of his skull,” the Los Angeles Times reports. Yet the men who nearly beat him to death, when sentenced Thursday, got just four and eight years in prison. This despite the fact that both “had previous felony convictions, including one case each of domestic violence.”

The man who got the four-year sentence would’ve walked out of jail today, given time served for the 2011 attack as well as reductions due to prison overcrowding in California, but for the fact that the two attackers will now stand trial on federal weapons charges by a lucky fluke. (They weren’t armed at the time of the attack. But a search of their homes yielded a stash of five guns hidden in an attic that allegedly belonged to one man but were being held by the other. Neither is allowed to possess firearms because they’re both convicted felons.) If found guilty on the federal gun charge, each man could face up to 10 more years in a federal prison.

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As a little L libertarian, there should be the concept of “restitution”.

How do these two thugs restore their victim?

They can’t.

It would seem reasonable that they should have their lives “restrained” like their victim.

Maybe in a prison like Devil’s Island!

Gooferment’s only job is to protect. In this case, it failed.

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CLOUD: DROPBOX updates its ToS

Wednesday, February 26, 2014

Hi Fjohn,

We want to let you know about some upcoming updates to our Terms of Service and Privacy Policy. These updates will go into effect on March 24, 2014.

You can find more details on our blog, but here’s a quick overview:

We’re adding an arbitration section to our updated Terms of Service. Arbitration is a quick and efficient way to resolve disputes, and it provides an alternative to things like state or federal courts where the process could take months or even years. If you don’t want to agree to arbitration, you can easily opt out via an online form, within 30-days of these Terms becoming effective. This form, and other details, are available on our blog.
We’ve added a section to our Privacy Policy that discusses our recently launched Government Data Request Principles. We’ve also made clarifications to better explain how our services will use your information. For example, we explain that when you give us access to your contacts, we’ll store them so that you – and only you – can do things like share your stuff easily, no matter what device you’re using.
We’ve also updated our Terms of Service and Privacy Policy to better explain and reflect our growing list of features for Dropbox for Business customers.
While we’ve simplified much of the language, our commitment to keeping your stuff safe and secure hasn’t changed. We don’t sell your personal information to third parties. We don’t serve ads based on the stuff you store in our services. As always, your stuff is yours.

If you have any questions about these updates, you can read more on our blog or email us at tos-questions@dropbox.com.

Thanks for using Dropbox!

– The Dropbox Team

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Seems reasonable?

 

 

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MEMORIES: At 1600 three years ago

Wednesday, February 26, 2014

At 1600 three years ago … …

… … my life changed forever and unalterably. 

“My love, were it in my power, I would sadly grant thee this boon. But, we have to continue to follow His Plan for us. Let’s go forth and speak no more of this. Who ever is last will be last. It will be His choice; not ours. We’re but humble custodians of His temple on earth. It’s not our place to trump His plan. Whatever that plan be, know that I will be with you to my last breath.” — character “John” in CHURCH 10●19●62 Volume 2 Page 399

It was like I was prescient when I wrote that in 2009!

“… to my last breath.”

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RANT: A savage beating

Tuesday, February 25, 2014

http://www.abc27.com/story/24778492/2-men-sentenced-in-brutal-attack-on-giants-fan

2 men sentenced in brutal attack on Giants fan
Posted: Feb 20, 2014 3:12 PM EST
Updated: Feb 20, 2014 7:51 PM EST

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LOS ANGELES (AP) – An angry judge lashed out Thursday as he sentenced two men who pleaded guilty in the savage beating of a die-hard San Francisco Giants fan at Dodger Stadium, calling them cowards and a nightmare for people who go to games.

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Is it me or do I just not understand?

Better to have a courtesous “rivalry”.

It’s not like the overpaid “athletes” on the field care.

Not like I have a vest interest in the results.

They will still have grazillions and I will still be hoping to hit the lotto like they did.

Argh!

It’s not like the CRIMINALS who assaulted this poor slob are on the filed getting the <synonym for excrement> kicked out of them to “win”!!!!

Why?

Makes me sad that we are so DUMB!

They can’t restore this fellow to health.

Second Amendment, not applicable in Kalifornia, says he is entitled to defend himself.

For the same reason, I would never go, or allow mine to visit, Philladelpia. It’s like the bozos never were able to recognize the difference between a “fun rivalry” and criminal behavior.

Argh!

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GUNS: Detroit Mom acts like Mother Bear; needs practice

Monday, February 24, 2014

http://www.thedailysheeple.com/mother-opens-fire-on-home-invaders-to-protect-family_022014

Mother Opens Fire on Home Invaders to Protect Family
Lily Dane
The Daily Sheeple
February 19th, 2014

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A trio of thugs had a brush with gunfire from a protective mother’s rifle in Detroit on Monday night.

Surveillance cameras caught the entire ordeal.

The woman told WXYZ News that she “didn’t have time to get scared.” When she heard the door to her home being kicked in, she immediately warned the three teenage intruders and then opened fire:

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The only critique I have is that the three thugs walked away.

Better they should have been carried away.

(This from a pro-life pro-choice little L libertarian!)

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RANT: History is written by the Gooferment

Sunday, February 23, 2014

http://www.lewrockwell.com/2014/02/nick-turse/lying-about-americas-wars/

Misremembering America’s Wars, 2003-2053
The Pentagon’s Latest “Mission Accomplished” Moment

By Nick Turse
TomDispatch.com
February 19, 2014

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In 2012, the Pentagon kicked off a 13-year program to commemorate the 50th anniversary of the Vietnam War, complete with a sprawling website that includes a “history and education” component. Billed as a “public service” provided by the Department of Defense, the United States of America Vietnam War Commemoration site boasts of its “resources for teachers and students in the grades 7-12” and includes a selection of official government documents, all of them produced from 1943-1954; that is, only during the earliest stages of modern U.S. involvement in what was then called Indochina.

The Vietnam War Commemoration’s educational aspirations, however, extend beyond students. “The goal of the History and Education effort,” according to the site, “is to provide the American public with historically accurate materials and interactive experiences that will help Americans better understand and appreciate the service of our Vietnam War veterans and the history of U.S. involvement in the Vietnam War.” To that end, the United States of America Vietnam War Commemoration offers an interactive historical timeline.

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Propaganda!

Lies and cover ups.

Argh!

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