MONEY: The FED is clueless when it counts

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?

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

*** begin quote ***

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.

*** end quote ***

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

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

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

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

*** begin quote ***

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.

*** end quote ***

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

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

*** begin quote ***

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:

*** end quote ***

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

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

*** begin quote ***

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.

*** end quote ***

Propaganda!

Lies and cover ups.

Argh!

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INTERESTING: Oath? What Oath?

EconomicPolicyJournal.com: ATTN: Active Duty Military, Veterans & Law Enforcement Officers. Will YOU Keep Your Oath?

http://www.economicpolicyjournal.com/2014/02/attn-active-duty-military-veterans-law.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economicpolicyjournal%2FYZSb+%28EconomicPolicyJournal.com%29&utm_content=FeedBurner

Very interesting question.

From my cold dead hands ….

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INTERESTING: “Should all bars have breathalyzer machines?

Dear CNET members, 

I just came across this interesting blog from Chris Matyszczyk titled, “Should all bars have breathalyzer machines?” In his blog, it explains a U.S. congressman from Utah is proposing that more of his state’s bars should have breathalyzer machines, so people can check whether they’re safe to drive home. The thinking being that it will help keep the streets safer by keeping some drunk drivers off the road.

It’s a simple concept. There’s a breathalyzer machine installed in the bar. After you’ve called it a night drinking with your friends, before you leave the bar, you go to the breathalyzer, blow into the machine and within a few seconds, the screen in front of you displays the results of your blood alcohol level and tells you whether you failed the test (recommending that you shouldn’t drive) or you’ve passed. Now what happens after that, is up to you; whether you take the recommendation that it is unsafe for you to drive, or blow it off (pun intended). 

Currently there are already breathalyzers installed in some bars, but they are for entertainment/novelty only. However, do you think the breathalyzer should be installed in all bars and taken more seriously than just a novelty machine? 

I ultimately think everyone is responsible for their own actions and installing these breathalyzers in bars may help some folks who lack better judgment, but ultimately I think it will remain a novelty. I know some people, especially when intoxicated, won’t let someone tell them what to do, let alone allow some machine tell them what is best for them. However, I do believe it’s better to have breathalyzers around, and if it can help one drunk person to not drive, it is one less drunk driver on the road.

Read up on Chris’ blog, and tell all of us how you feel about these breathalyzers. Would you like to see these in your local bars? Do you think it will help prevent drinkers from hopping into their cars if they’ve had one too many? Or do you think people will just blow it off and it will just remain another entertainment device, like dartboards on the walls?

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Yes.

With protection for the owners who have them and the drivers that use them.

They should be immune to the perdition of the ruling class.

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CLOUD: Important Kickstarter Security Notice

 


On Wednesday night, law enforcement officials contacted Kickstarter and alerted us that hackers had sought and gained unauthorized access to some of our customers’ data. Upon learning this, we immediately closed the security breach and began strengthening security measures throughout the Kickstarter system.

No credit card data of any kind was accessed by hackers. There is no evidence of unauthorized activity of any kind on your account.

While no credit card data was accessed, some information about our customers was. Accessed information included usernames, email addresses, mailing addresses, phone numbers, and encrypted passwords. Actual passwords were not revealed, however it is possible for a malicious person with enough computing power to guess and crack an encrypted password, particularly a weak or obvious one.

As a precaution, we strongly recommend that you change the password of your Kickstarter account, and other accounts where you use this password.

To change your password, log in to your account at Kickstarter.com and look for the banner at the top of the page to create a new, secure password. We recommend you do the same on other sites where you use this password. For additional help with password security, we recommend tools like 1Password and LastPass.

We’re incredibly sorry that this happened. We set a very high bar for how we serve our community, and this incident is frustrating and upsetting. We have since improved our security procedures and systems in numerous ways, and we will continue to do so in the weeks and months to come. We are working closely with law enforcement, and we are doing everything in our power to prevent this from happening again.

Kickstarter is a vibrant community like no other, and we can’t thank you enough for being a part of it. Please let us know if you have any questions, comments, or concerns. You can reach us at accountsecurity@kickstarter.com.

Thank you,

Yancey Strickler
Kickstarter CEO

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Can’t depend on anyone for the security of your information!

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RANT: “Your” woman

Anyone find some of the valentine’s day commercial infuriating?

Listen for the implicit, or in some cases explicit, implication that someone is “your” woman.

Now I may follow Grok the Paleo diet and my knuckles may drag from time to time …

… but …

most of the women I know are not “MINE” or anybody’s.

Fastest way to get “curbed” is even think of ownership of another human being,

And as a little L libertarian, that’s unthinkable.

argh!

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MONEY: A “delaying action” to keep the Ponzi scheme going

http://www.deviantinvestor.com/5492/17-questions-that-deserve-answers/

17 Questions That Deserve Answers
Posted by Deviant Investor on February 11th, 2014

*** begin quote ***

The U.S. believes in paper dollars and an unbacked debt based currency. Such currency can be created with little more than a few keystrokes on a Federal Reserve computer. Would the Fed and the U.S. government sell gold into the world market to slow the inevitable weakening of the U.S. dollar? Would the Fed and the U.S. government ship (via intermediaries) substantial quantities of gold to China to prevent dumping of T-bonds and dollars? Are gold sales a “delaying action” to extend the reserve currency status of the U.S. dollar?

*** end quote ***

Certainly, you can not trust the bankers, crony capitalists, politicians, and bureaucrats!

So what should we put out trust in?

Bullets, bandaids, and beans. 

When you have all those — nickels, silver, and gold!

My favorite test what posted in 2009.

https://reinkefaceslife.com/2009/10/09/money-pirates-chest/

And the answer is still the same — gold is better than anything else.

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CLOUD: EDITORIALLY closes

Goodbye

Today brings some sad news: Editorially is closing its doors. The application will remain available until May 30, at which point the site will go offline. We encourage all users to export their data.

We’re proud of the team and tool that we built together and incredibly thankful that so many of you were willing to give it a try. And we continue to believe that evolving the way we collaborate as writers and editors is important work. But Editorially has failed to attract enough users to be sustainable, and we cannot honestly say we have reason to expect that to change.

We wish that were not the case — we’ve spent much of the past two years working on the hypothesis that the reverse was true — but today we must be honest with ourselves, and with you: this isn’t going to work.

We know many of you have spent time and energy making Editorially a tool you use every day, even going so far as to evangelize it to your friends and colleagues. For that: thank you. We’re sincerely sorry to have let you down.

 

You can’t depend upon the cloud. Even if you pay for it.

Argh!

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INTERESTING: Loss of a “friend”

http://ncc-1776.org/tle2014/tle757-20140209-02.html

On the Loss of a Friend
by L. Neil Smith
lneil@netzero.com
Attribute to L. Neil Smith’s The Libertarian Enterprise

*** begin quote ***

My old friend Ambrose has died.

*** and ***

We have two younger cats now—I think that they kept the Old Guy alive longer by annoying him and stirring up his circulation—but I will miss my Ambrose as I have missed no other, possibly excepting Eris. I am no “animal lover” per se. I am a hunter (like Ambrose), an enthusiastic meat-eater (also like Ambrose), and PETA’s worst nightmare in the flesh, an articulate, widely-published, and outspoken opponent of the idiotic concept of animal rights. But Ambrose was my friend.

And now he’s gone.

And I’m not sure I feel any better.

*** end quote ***

I have “lost” many people and one pet. I don’t think I could express it as well.

Guess that’s why he’s a “writer” and I’m a “wanna be”?

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INSPIRATIONAL: A crow solve 8 complex puzzles?

http://sploid.gizmodo.com/watch-a-genius-crow-solve-8-complex-puzzles-in-perfect-1520343494/@caseychan?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+gizmodo%2Ffull+%28Gizmodo%29

Watch a genius crow solve 8 complex puzzles in perfect order!

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Crow is “smarter” than most humans?

My question is was this a “trained” bird. Or had it just done it several times?

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RANT: Making it up as we go?

Obama Delays Health-Insurance Requirement for Some Employers
A batch of employers won’t face a fine next year if they fail to provide health insurance to their workers, the Obama administration said Monday.

In regulations outlining the Affordable Care Act, the Treasury Department said employers with between 50 and 99 full-time workers won’t have to comply with the law’s requirement to provide insurance or pay a fee until 2016.

Companies with 100 workers or more could avoid penalties in 2015 if they showed they were offering coverage to at least 70% of their full-time workers, Treasury said.

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POLITICAL: “New” Federal “Rights”

Same-Sex Spouses to Get New Federal Rights

The Obama administration will give same-sex couples who are legally married the same status as other married couples in federal legal matters—including bankruptcy proceedings, prisoner visitation and death benefits for slain police officers, Attorney General Eric Holder said.

The Justice Department, Mr. Holder said, would issue new instructions to its employees on Monday to extend the same protections historically afforded to heterosexual married couples. He made the announcement at a speech in New York to the Human Rights Campaign, a major gay-rights advocacy group.

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Excuse me, but “rights” don’t come from the Gooferment!

“Rights”, which the Gooferment grants, can be taken away just as quickly!

Argh!

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RANT: Debt Ceiling; what joke!

House Votes to Suspend Debt Ceiling Until March 2015
The House voted to suspend the nation’s borrowing limit until March 16, 2015, without any policy conditions, a tactical retreat by Republicans stymied by their internal divisions.

The bill cleared the House in a 221-201 vote, relying on the support of a majority of Democrats and pushing the next debate over the issue until after the 2014 midterm elections. Most Republicans opposed the debt-ceiling suspension, which came to the floor without any of the policy proposals they hoped would sweeten its sting for conservatives.

The measure now heads to the Democratic-controlled Senate, where leaders have expressed optimism it will soon pass.

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Hope all the youngsters appreciate being screwed! 

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GUNS: An armed robber killed by the RKBA

http://bearingarms.com/sc-homeowner-kills-armed-robber-armed-with-stun-gun/

SC Homeowner kills armed robber armed with stun gun
Posted by Bob Owens on February 9, 2014 at 12:21 pm

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A sad result, but good for the homeowner.

This is the second effect of the RKBA!

The primary reason is to keep the Gooferment, politicians, and bureaucrats in check.

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POLITICAL: OBAMACARE nukes incentives

http://online.wsj.com/news/articles/SB10001424052702304680904579367143880532248

The Economist Who Exposed ObamaCare
The Chicago professor examined the law’s incentives for the poor not to get a job or work harder, and this week Beltway budgeteers agreed.
By JOSEPH RAGO CONNECT
Feb. 7, 2014 6:30 p.m. ET

*** begin quote ***

Another way of putting it is that taking away benefits has the same effect as a direct tax, so lower-income workers are discouraged from climbing the income ladder by working harder, logging extra hours, taking a promotion or investing in their future earnings through job training or education.

*** end quote ***

The bad news just keeps rolling in.

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LIBERTARIAN: MYOB & fiscally conservative and socially liberal

http://www.againstcronycapitalism.org/2014/02/rise-of-the-libertarians-10-reasons-why-slate-salon-and-the-progressive-media-are-afraid/

http://www.fee.org/the_freeman/detail/rise-of-the-libertarians

Rise of the Libertarians, 10 reasons why Slate, Salon and the progressive media are afraid
By Nick Sorrentino on February 7, 2014

*** begin quote ***

1. Libertarianism is the new “center.” At the risk of raising the hackles of the hyperanalytical, consider this: Most people think of Ds as being on the left and Rs as being on the right. Remember: It’s about popular perceptions. And when we think in terms of those perceptions, most people think of Rs as being fiscally and socially conservative and Ds as being fiscally and socially liberal. The old center was once about being either squishy in both departments, or about being fiscally liberal and socially conservative. But a new “center” is emerging. As people become disaffected with all the bad economic policies of the Obama administration and all of the preachy moralisms of the Republican status quo, most are gravitating to a position that looks decidedly more libertarian—that is, fiscally conservative and socially liberal.

*** end quote ***

It’s even more fundamental than that: I don’t want to pay for anything I don’t want. And, I don’t care what you do as long as you don’t hurt anyone else.

Golden Rule: I want you to be as free as I want to be.

Argh!

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RANT: Leno Wrap; me too

http://tvbythenumbers.zap2it.com/2014/02/07/jay-leno-wraps-his-the-tonight-show-run-with-14-6-million-viewers/235483/?utm_campaign=WP%20%3E%20Twitter&utm_medium=twitter&utm_source=twitter

Jay Leno Wraps his ‘The Tonight Show’ Run With 14.6 Million Viewers; Most Since 1998
Categories: 1-Featured,Late Night TV Ratings,Network TV Press Releases

Written By Sara Bibel
February 7th, 2014

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Well, that’s a late night wrap for me. No reason to stay up late now.

But then, NBC wasn’t after the fat old white guy injineer demographic anyway.

Argh!

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INTERESTING: Goal-Setting Limits

http://www.brainpickings.org/index.php/2014/02/05/oliver-burkeman-antidote-plans-uncertainty/

Stop Making Plans: How Goal-Setting Limits Rather Than Begets Our Happiness and Success
by Maria Popova

*** begin quote ***

The effectualists include the cook who scours the fridge for leftover ingredients; the chemist who figured out that the insufficiently sticky glue he had developed could be used to create the Post-it note; or the unhappy lawyer who realises that her spare-time photography hobby, for which she already possesses the skills and the equipment, could be turned into a job. One foundation of effectuation is the “bird in hand” principle: “Start with your means. Don’t wait for the perfect opportunity. Start taking action, based on what you have readily available: what you are, what you know and who you know.” A second is the “principle of affordable loss”: Don’t be guided by thoughts of how wonderful the rewards might be if you were spectacularly successful at any given next step. Instead — and there are distinct echoes, here, of the Stoic focus on the worst-case scenario — ask how big the loss would be if you failed. So long as it would be tolerable, that’s all you need to know. Take that next step, and see what happens.

*** end quote ***

I find this fascinating. Perhaps one can succeed without a plan?

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