The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank of International Settlements has warned.
The so-called central bank of central banks launched a scatching critique of global monetary policy in its annual report. The BIS claimed that central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies.
These low interest rates have in turn fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates.
Claudio Borio, head of the organisation’s monetary and economic department, said: “Persistent exceptionally low rates reflect the central banks’ and market participants’ response to the unusually weak post-crisis recovery as they fumble in the dark in search of new certainties” . . .
Extraordinarily low interest rates are not a “new equilibrium” said Jaime Caruana, general manager of the BIS, rejecting the theory of so-called “secular stagnation” which some economists blame for the continued decline in global lending rates. (Read more from “The World Is Defenceless Against the Next Financial Crisis, Warns BIS” HERE)
https://joemiller.us/wp-content/uploads/logotext.png00Joe Millerhttps://joemiller.us/wp-content/uploads/logotext.pngJoe Miller2015-06-30 03:34:462016-04-11 10:59:28The World Is Defenseless Against the Next Financial Crisis, Warns BIS
By Paul Joseph Watson. Liberals at the University of Texas signed a petition to remove a statue of George Washington and memorials to other founding fathers in another illustration of the politically correct insanity that has emerged in the wake of the Charleston massacre.
Students at the University have started an actual petition to remove statues of Robert E. Lee, the commander of the Confederate army, and Albert Sidney Johnston, a Confederate general who died during the Civil War, remarking, “It is impossible to reach the full potential of an inclusive and progressive learning institution while putting an idol of our darkest days on a pedestal.”
Black Lives Matter protesters also vandalized the statues earlier this week.
Given the fact that America’s Commander-in-Chief during the revolutionary war against the British and first President George Washington owned slaves his entire life and only emancipated them after his death, would UT students also support a move to wipe Washington from the pages of history?
The answer is yes, many of them would. (Read more from “Texas Liberals Sign Petition to Remove ‘Racist’ George Washington Statue” HERE)
Texas Schools Jump on Bandwagon to Dump Historic Confederate Ties
By Merrill Hope. Texas public schools are jumping on the bandwagon to shun symbols and dump historical figures that memorialize the Confederate South in a politicized push around the state that follows the tragic hate crime shooting of nine African-American church parishioners during a Bible study in Charleston, SC.
On Thursday, Rhonda Skillern-Jones, school board president for the nation’s seventh largest school district, Houston Independent School District (ISD), called for renaming six campuses that bear the names of Confederate army officers and others associated with the Confederacy. District Superintendent Terry Grier is “strongly considering” recommending that the board do it, the Houston Chronicle reported.
Previously, Texas state Sen. Rodney Ellis (D-Houston) urged Skillern-Jones in a letter to rebrand those six campuses, which are Dowling Middle School, named for Richard Dowling, a Confederate army officer; Jackson Middle School, named for Thomas “Stonewall” Jackson, the brigadier general in the Confederate army; Davis High School, named for Jefferson Davis, president of the Confederate States of America; Johnston Middle School, named for Albert Sidney Johnson, a Confederate army general; Lee High School, named for Confederate army commander Robert E. Lee; and Reagan High School, named for the postmaster general and the Confederacy’s secretary of the treasury John H. Reagan.
Houston ISD student population is largely Hispanic and African-American but in the aforementioned schools, the students are predominantly Hispanic, notes the Chronicle.
Calls for change do not come cheap. Last year, it cost Houston ISD about $250,000 to transform the Lamar Redskins into the Lamar Texans, according to KTRK-13. This included costs for changing mascot names, team uniforms, related spirit, pride and booster branded materials. (Read more from this story HERE)
https://joemiller.us/wp-content/uploads/logotext.png00Joe Millerhttps://joemiller.us/wp-content/uploads/logotext.pngJoe Miller2015-06-30 03:34:322016-04-11 10:59:28Texas Liberals Sign Petition to Remove ‘Racist’ George Washington Statue and That’s Not All [+video]
By Valerie Richardson. When Melisa Erwin called the Giffords about using their upstate New York property for a same-sex wedding ceremony, she apparently knew in advance that they would refuse. For one thing, she and her fiancee recorded the conversation.
Even so, an administrative judge with the New York State Division of Human Rights ordered the Giffords to pay $3,000 to Ms. Erwin and Jennifer McCarthy for “mental pain and suffering,” in addition to $10,000 for violating the state’s human rights ordinance.
In a brief filed Thursday, attorneys for Cynthia and Robert Gifford argue that the state’s ruling violates the First Amendment, but they also criticize the same-sex couple for what they describe as an “orchestrated set-up.”
“The evidence, however, indicates that Respondents were aware of the Giffords’ beliefs and chose specifically to call and record Mrs. Gifford for the purposes of documenting the Giffords’ policy,” said the brief filed by attorneys with Alliance Defending Freedom.
“Such an orchestrated set-up can hardly form the basis for ‘mental anguish’ and suffering,” said the brief, which was submitted to the New York Supreme Court. (Read more Christian Farm Family Penalized in Gay Wedding Refusal Decries ‘Orchestrated Set-Up’ HERE)
Idaho City’s Ordinance Tells Pastors to Marry Gays or Go to Jail
By Cheryl K. Chumley. Coeur d‘Alene, Idaho, city officials have laid down the law to Christian pastors within their community, telling them bluntly via an ordinance that if they refuse to marry homosexuals, they will face jail time and fines.
The dictate comes on the heels of a legal battle with Donald and Evelyn Knapp, ordained ministers who own the Hitching Post wedding chapel in the city, but who oppose gay marriage, The Daily Caller reported.
A federal judge recently ruled that the state’s ban on gay marriage was unconstitutional, while the city of Coeur d‘Alene has an ordinance that prevents discrimination based on sexual preference.
The Supreme Court’s recent refusal to take on gay rights’ appeals from five states has opened the doors for same-sex marriages to go forth.
The Knapps were just asked by a gay couple to perform their wedding ceremony, The Daily Caller reported. (Read more from “Idaho City’s Ordinance Tells Pastors to Marry Gays or Go to Jail” HERE)
As teachers lament seeing toddlers too large to fit in playground swings, a federal program that feeds millions of low-income children may be overhauled for the first time in almost 50 years, aiming to make the meals at day cares healthier and reduce obesity.
About 3.8 million young children are fed daily through the Child and Adult Care Food Program, which primarily reimburses day-care providers, and also provides food for children in emergency shelters and pays for after-school meals or snacks in areas where at least half the students qualify for free- or reduced-price lunches.
Millions of more affluent children also are affected because at least 30 states — including North Carolina, Michigan, Oregon, and Virginia — require day cares to use the program’s nutrition guidelines to receive licenses. And beyond children, about 120,000 elderly or disabled adults are fed each day in programs designed to spell caregivers.
More vegetables and less sugar lead the U.S. Department of Agriculture’s proposals, developed with guidance from experts. Grain-based desserts, such as cookies and cakes, would no longer be reimbursable, and children younger than 1 would no longer be offered juice. Facilities wouldn’t be reimbursed when food is deep-fried on site, although prepackaged fried foods, such as chicken nuggets, could still be served, though recommendations urge that they be offered infrequently.
About one in eight low-income preschoolers is obese, according to a Centers for Disease Control and Prevention survey of 12.1 million children enrolled in federally funded nutrition programs from 2008 to 2011, the latest data available. (Read more from “Michelle O’s Lunch Laws Are Now Spreading to Day Cares: No More Treats Allowed!” HERE)
https://joemiller.us/wp-content/uploads/logotext.png00kathleenhttps://joemiller.us/wp-content/uploads/logotext.pngkathleen2015-06-30 03:32:582016-04-11 10:59:29Michelle Obama’s Lunch Laws Are Now Being Forced on Day Cares: No More Treats Allowed!
United States military personnel are now being forced to observe the Muslim holy month of Ramadan . . .
U.S. troops stationed in Muslim nations have been informed by a statement on the Central Command website that they are to “be familiar with host-nation customs and courtesies to help facilitate a long-lasting mutual respect with local communities.”
“U.S. military members serving in countries that observe Ramadan are required to adhere to certain practices while outside U.S. installations,” the statement read.
The post was accompanied by the following picture: . . .
“Members should be respectful of local customs and be patient with host nation personnel,” said Capt. Dan Sickles, host nation officer in-charge. “Ramadan is a countrywide religious celebration. Members should not make light of local customs and should also expect that during daylight hours host nation customer service will be abbreviated and less accommodating.”
(Read more from “US Troops Ordered to Respect Ramadan” HERE)
CENTCOM Says Obey Local Laws and Customs – Including Fasting During Ramadan
By Jeff Andrejcik. One part of Ramadan is that those observing the holiday fast from dawn until sunset.
…When outside U.S. controlled areas, eating and drinking in public during daylight hours is against the law. Failure to obey could result in fines up to $685 or a sentence of up to two months in jail.
“The commander’s policy dictates that airmen will adhere to local law, which prohibits eating, drinking or tobacco use off base in public,” said Sickles. . .
As airmen and other personnel here adjust to this, Brig. Gen. John Quintas, 380th Air Expeditionary Wing commander, outlined the type of conduct he expects throughout the holy month.
“As ‘Airmen-Ambassadors’ representing American and U.S. military values around the world, we are committed to the concepts of tolerance, freedom and diversity,” said Quintas. “I hope that during your service in the 380th AEW you become more informed and appreciative of the traditions and history of the people in this region of the world. Please remember we are guests here and that the host nation is our shoulder-to-shoulder, brothers and sisters in arms, risking their lives for our common cause to defeat terrorism.” (Read more from this story HERE)
https://joemiller.us/wp-content/uploads/logotext.png00Joe Millerhttps://joemiller.us/wp-content/uploads/logotext.pngJoe Miller2015-06-30 03:31:382016-04-11 10:59:29US Troops Ordered to RESPECT Ramadan, not Eat in Public
Four qualities have distinguished republican government from ancient Athens forward: the sovereignty of the people; a sense of the common good; government dedicated to the commonwealth; and resistance to corruption. Measured against the standards established for republics from ancient times, the American Republic is massively corrupt.
From Plato and Aristotle forward, corruption was meant to describe actions and decisions that put a narrow, special, or personal interest ahead of the interest of the public or commonwealth. Corruption did not have to stoop to money under the table, vote buying, or even renting out the Lincoln bedroom. In the governing of a republic, corruption was self-interest placed above the interest of all—the public interest.
By that standard, can anyone seriously doubt that our republic, our government, is corrupt? There have been Teapot Domes and financial scandals of one kind or another throughout our nation’s history. There has never been a time, however, when the government of the United States was so perversely and systematically dedicated to special interests, earmarks, side deals, log-rolling, vote-trading, and sweetheart deals of one kind or another.
What brought us to this? A sinister system combining staggering campaign costs, political contributions, political action committees, special interest payments for access, and, most of all, the rise of the lobbying class.
Worst of all, the army of lobbyists that started relatively small in the mid-twentieth century has now grown to big battalions of law firms and lobbying firms of the right, left, and an amalgam of both. And that gargantuan, if not reptilian, industry now takes on board former members of the House and the Senate and their personal and committee staffs. And they are all getting fabulously rich. (Read more from “Former US Senator: America’s Founding Principles Are in Danger of Corruption” HERE)
https://joemiller.us/wp-content/uploads/logotext.png00Joe Millerhttps://joemiller.us/wp-content/uploads/logotext.pngJoe Miller2015-06-29 03:34:512016-04-11 10:59:29Former Democratic US Senator: “The American Republic is Massively Corrupt”
By Tina Susman and Maria L. La Ganga. Amber Hamilton and Annice Smith were the first same-sex couple to wed in Mississippi, and nearly the last, at least for a while.
About an hour after the pair filled out the requisite paperwork, handed over $21 for a marriage license and sealed their nuptials with a happy kiss Friday morning on the steps of the county courthouse in Hattiesburg, another lesbian couple, Shelly Cranford and Shannon Smith, received a far different reception.
Their mistake? Arriving just after Mississippi’s attorney general, Jim Hood, declared that the U.S. Supreme Court ruling declaring same-sex marriage a constitutional right would not be observed in the Magnolia State.
Not yet, anyway, Hood said, as Mississippi, long at the heart of America’s most divisive issues, from slavery to school integration, once again dug in its heels against the winds of change . . .
To understand Mississippi’s resistance to gay marriage, it helps to look at its legacy as a deeply religious and conservative state. . . It is where 59% of residents described themselves as “very religious” in a 2014 Gallup Poll, higher than any other state, and where 86% of voters in 2004 approved a ban on same-sex marriage. (Read more from “Mississippi in Limbo Over High-Court’s Same-Sex Marriage Ruling” HERE)
Texas AG: State Workers Can Deny Licenses to Gay Couples
By Betsy Blaney. Texas’ conservative Republican Attorney General Ken Paxton called the Supreme Court decision giving same-sex couples the right to marry a “lawless ruling” and said state workers can cite their religious objections in denying marriage licenses.
He warned in a statement Sunday that any clerk, justice of the peace or other administrator who declines to issue a license to a same-sex couple could face litigation or a fine.
But in the nonbinding legal opinion requested by Republican Lt. Gov. Dan Patrick, Paxton says “numerous lawyers” stand ready to defend, free of charge, any public official refusing to grant one. (Read more from this story HERE)
https://joemiller.us/wp-content/uploads/logotext.png00Joe Millerhttps://joemiller.us/wp-content/uploads/logotext.pngJoe Miller2015-06-29 03:34:352016-04-11 10:59:29States Say “HELL NO” to Supreme Court’s Lawless Same-Sex Marriage Ruling
By Associated Press. Greece’s five-year financial crisis took its most dramatic turn to date Sunday, with the cabinet deciding, after an 8-hour session, that Greek banks would remain shut for six working days and restrictions would be imposed on cash withdrawals.
The Athens Stock Exchange would also not open on Monday, financial sector officials confirmed.
A decree published in the official Government Gazette stipulates banks will not open Monday morning and will remain closed through Monday, July 6. The finance minister could decide to short or extend that period.
Withdrawals from ATM with credit or cash cards will be capped at 60 euros ($66) daily. The decree said ATMs would be working at the latest 12 hours from its publication, meaning cash machines would open by early afternoon, at the latest.
Web banking transactions will be mostly free, allowing people to pay their bills online. However, they cannot move money to accounts abroad. (Read more from “All Greek Banks Closed Today, Here’s Why” HERE)
Euro, Stocks Plunge as Greece Seen on Course to Default
By Reuters. The euro fell almost 2 percent and share prices tumbled across Asia on Monday as Greece looked set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs.
With the prospect of Greece being forced out of the euro in plain sight, the common currency fell as much as 1.9 percent to $1.0955 , its lowest in almost a month, and last stood down 1.4 percent at $1.1007.
Against the yen, the common currency dropped more than 3 percent to 133.80 yen, a five-week low.
U.S. stock futures dived almost 2 percent at one point to hitting a three-month low, and last traded down 1.6 percent. (Read more from this story HERE)
Aiming to curb gender bias and harassment in New York City, officials are readying a plan that would require businesses to convert one-person restrooms into gender-neutral facilities.
Legislation is being introduced that would require publicly available, single-occupancy restrooms in both public and private buildings to be designated as gender-neutral . . .
“This is a very important issue,” said New York City Comptroller Scott Stringer, whose office is releasing a report Friday recommending the changes. “It’s time to help individuals who identify as transgender to use the bathroom without fear of consequence.”
Eoghann Renfroe, the manager of transgender education and advocacy at the Empire State Pride Agenda, said Friday that Stringer’s proposal was needed in New York and was a common-sense approach to tackling one avenue of harassment.
“Being transgender, it’s not about the bathrooms. It’s that other people try to make it that way,” said Renfroe, a transgender man. “This step is simply just a way to make things more equal for everybody, to stop transgender people on a basis that doesn’t really exist.” (Read more from “Legislation Introduced to Make Single-Person Bathrooms Gender Neutral in NYC” HERE)
https://joemiller.us/wp-content/uploads/logotext.png00Joe Millerhttps://joemiller.us/wp-content/uploads/logotext.pngJoe Miller2015-06-29 03:34:022016-04-11 10:59:30Legislation Introduced to Make Bathrooms Gender Neutral in NYC
Photo Credit: Natural News In just the last week alone, America’s politicians forfeited the nation’s economic future by secretly passing fast track trade authority, California lawmakers accepted bribes from Big Pharma to legalize mass medical genocide against blacks by passing the mandatory vaccination law SB 277, online retailers banned the Confederate flag while promoting Nazi symbolism, howling leftist maniacs began vandalizing historical monuments in cities like Austin Texas, the U.S. Supreme Court declared that words have no meaning in law, and Apple yanked historical Civil War games from its app store because those games showed “Confederate imagery.”
As the United States of America remains inundated with Fukushima radiation and chemtrail geoengineering experiments, it has now surpassed $18 trillion in national debt. Nearly 50 million Americans are on government food stamps, and political correctness is now so insanely absurd that the University of California has ordered its professors to avoid using “offensive” phrases like “land of opportunity.”
These are all signs that America has entered the blue screen of death phase of civilization — that “memory dump” moment when everything stops working and the computer tries to figure out what happened before suddenly rebooting to BIOS and trying to reload the operating system.
In political terms, a reboot is a revolution followed by a constitutional convention that attempts to establish the fundamental infrastructure of laws and rights upon which the rest of society’s functions will be based. As anyone who has lived through a reboot will tell you, reboots are often bloody and always chaotic . . .
Why do computers have to be rebooted from time to time? At first, they run lean and clean, but as more and more application demands are placed upon them, system resources start to become scarce. More RAM is needed by an ever-increasing load of (entitlement) programs, to the point where the system has to start “borrowing” RAM by swapping out memory to disk. (Read more from “Has America Reached a ‘Blue Screen of Death’ Moment? A Hard Reboot Revolution Now Seems Inevitable…” HERE)
https://joemiller.us/wp-content/uploads/logotext.png00Joe Millerhttps://joemiller.us/wp-content/uploads/logotext.pngJoe Miller2015-06-29 03:33:432016-04-11 10:59:30Has America Reached a ‘Blue Screen of Death’ Moment? A Hard Reboot Revolution Now Seems Inevitable…
