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Author Archives: perrinlovett

Economics , Common and Otherwise

09 Sunday Oct 2016

Posted by perrinlovett in News and Notes

≈ 1 Comment

Tags

economics, money

Another survey showed that Americans, by and large, have no money. 70% have virtually no savings and 34% have $0 held back. It is, after all, hard to save what doesn’t exist.

Still, overall (and it’s a stretch), America ranks about where it has economically for the past ten years or so. The nation came in at Number 11 in this year’s Economic Freedom Index by the Heritage Foundation.

The rankings always jump out at me. This year both the top set and the bottom caught my eye.

Look at the “free” economies:

nimbus-image-1476028100397

Heritage.

The all have a few things in common if you think about it. So do those countries at the bottom, generally not even worth considering:

nimbus-image-1476028137624

Heritage.

With the exception of two of those “lowest” countries, the rest all have something in common. You can probably guess what it is. Sudan almost falls in with the majority; Liechtenstein is in a class all its own.

I may be back with more on this later. Think about it for now. These things are all interconnected and relate to issues far beyond mere money.

Now, if you don’t feel like thinking at all: I understand that multiple sets of overweight, low-IQ, pink-clad felons will be kneeling, fisting, and grabbing each other today on the TeeVee. Some call it entertainment.

Political Nasties

08 Saturday Oct 2016

Posted by perrinlovett in News and Notes

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America, banksters, corruption, Donald Trump, England, Hillary Clinton, ISIS, Libya, terrorism, theft, War

Donald Trump said made some lewd comments about women in 2005. Or, was it comments about lewd women? He did preface, qualify, if you will, what he said with “if you’re a star, they let you get away with it.” He’s a star and they, the women, do let him and other stars get away with it. Certain women live to hang around celebrities and mine for easy gold. Certain men willingly facilitate.

Trump has lived like this for most of (maybe all of) his adult life. He’s rich, popular, an alpha male’s alpha male, and a playboy. He does it because he can.

Regardless, many are not happy. Some, even within the GOP, have called on Trump to drop out of the race, even at such a late hour. Others run the risk of looking a lot like hypocrites for defending Trump’s declarations (locker-room banter, chaps, nothing more) while previously condemning the same activity when committed by people named Wiener or Clinton.

Speaking of the Clintons, news came the same day that Hillary has made some disturbing comments of her own. Particularly, we have transcripts, once secret, from some of her (expensive) talks with Goldman Sachs executives. Her statements, then, were somewhat qualified as well.

She was Secretary of State from 2009 until 2013. In 2o11, the U.S., the U.K. and a few other countries plotted to get rid of Libya’s Gaddafi. The reasons were two-fold. First, the U.S. needed to arm its creations, ISIS and al-CIA-da, and it needed to do so covertly. Second, Gaddafi had approximately $200 Billion just sitting around; someone needed to grab it.

Backed by the CIA, the U.K. and France escalated the small Libyan civil war, which resulted in Gaddafi’s ouster and murder. Under cover, and approved by the Secretary, arms sales commenced region-wide. They continue now.

Hillary spoke to Goldman in 2013 as part of her part in the 2011 arrangement to round up the $200 Billion – the talks were for a portion of her compensation. There was an illicit transnational agreement to “share” the money. But! Treason! Those greedy Brits swooped in and stole all of it. It went into a “trust fund” – as in, you will never see this money again, TRUST us – in the name of the Libyan people. The Bank of England holds the cash in London and likely will forever.

Goldman was supposed to, allegedly, get some percentage of the money. They didn’t and they sued for recovery in England (where the money is). They will likely receive a $1 – 2 Billion settlement soon. The Brits will keep the lion’s share. Gaddafi is dead. The people of Libya are broke, leaderless, and besieged by terrorists. Turmoil reigns across the Middle East. Hillary is the Democratic nominee for President.

Some, even within the DNC, have called for her to step down, even at this late hour. Others risk looking a lot like hypocrites for defending Clinton (smart woman gettin’ paid!) while previously condemning similar actions committed by people named Bush or Hitler.

My point here is that none of this seems very presidential. I agree with those who say the candidates should step aside. In fact, let’s see if we can run for four years without an Executive. Heck, if that works, we can try scrapping the whole government. Spain is experimenting with this concept right now with encouraging results.

nimbus-image-1475973067756

Otherwise, your choices are: filth and near certain, potential corruption or filth and proven, systemic corruption. Good luck with that.

 

In Every Thing Gives Thanks

08 Saturday Oct 2016

Posted by perrinlovett in Other Columns

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Batman, give thanks, hurricane, Paul

So admonished Paul in 1 Thes. 5:18. This isn’t always easy to do and many people forget it or don’t understand. People constantly sing the praises when something benefits them or theirs. Yet it’s hard to comprehend that from the worst of circumstances good can also emerge. Or, even harder to imagine, that we should be grateful just for something “bad”.

A recent example: two recent hurricanes this season in the Southeast, one happening right now. Hurricanes, while mere natural phenomena, are viewed as “bad”. Wind and water may be damaging although they are hardly unpredictable. Still, they also bring benefits.

Without these storms, this year many parts of the area would have 8-10 inch rainfall deficits, drought conditions.

So, thank you, hurricanes.

Also, as confirmed by a random Facebook “quiz”, I’m Batman.

nimbus-image-1475930788356

Mary Jane’s Athenian Pot Party

07 Friday Oct 2016

Posted by perrinlovett in Other Columns

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beer, college, Libertarian Party, marijuana, Perrin Lovett, politics, UGA

As sad as it seems I graduated from college nearly 20 years ago. A little education and a lot of experiences. This story involves one of the latter. It is such ancient history that any parts I have forgotten will be creatively embellished for a seamless narrative.

We’ll say it was 1994. Back then I was a right-leaning “conservative”, one of millions about to be suckered in by the Contract ON America. (Remember that?) I still listened to Rush Limbaugh who, at the time, was still entertaining. Per my stance against joining I had never affiliated with any political party.

The previous year I attended one debate between the campus Republicans and Democrats. I should say “debate” because it wasn’t. All I saw were two sides of the same coin arguing over which one was uglier. I being new, they asked me for my opinion once the show was over and I told them something similar to the previous sentence and left. I never went back.

That next year I found myself still interested in political comradery. A decent, seemingly informed classmate told me about the UGA Libertarians and implied I should visit a meeting. I knew my views were much more inclined to those of the LP than the GOP but I saw the former as too weak to make a difference. They still have the same problem. But, then, I decided to plunge in and take a look.

I don’t even remember what season or quarter it was but it seems like the event was held in the evening. (Maybe it was 4:20…) Intrepidly I ventured to the Tate Student Center, home of the pool tables and the corn-dog. I reported, as instructed, to room 107.

There I waited patiently as the room filled up. It filled with women. I was the only man present. Oddly, I didn’t feel all that lucky. These women were pleasant enough. There was a semi-wide variety. Some were overtly attractive. Most wore black and all of them exuded a strangeness that, at the time, I couldn’t comprehend.

Their leader arrived and commenced some sort of weird, hypnotic, arms-waving chant. The group responded in like fashion. I grew slightly nervous. I asked the black-clad, chanting young lady beside me if this was the UGA LP. She said, “No, sweetie. We’re the UGA Witches. This is room 107. You want 207.” Not wanting to be turned into a frog or something, I excused myself politely.

On my way up the stairs something told me to abandon the night. Somewhere in Athens a beer was waiting for me. I shook it off. I was no quitter. Liberty needed me. Uggghhh…

In room 207 I found a gathering crowd of pleasant, normal-looking, seemingly okay people. No chanting. No black. I confirmed with the first man I saw that this was in fact the campus chapter of the LP. I took a seat near the middle of one side of the large table which occupied the room’s center.

Very soon thereafter a large group was present. I still detected no unusual activity and I began to relax. That beer could wait.

The president or chairman or whatever took his place at the head of the table. He called the meeting to order, made some perfunctory remarks, and welcomed any newbies. Very orderly, efficient and polite. I felt genuinely welcome.

He then said the best way to kick off the affair was to have everyone state the main issue which attracted them to the LP. He started; his issue was the legalization of marijuana. The comments moved clockwise, to his left and towards me. By coincidence the next person’s main issue was marijuana. As was the next’s. And the next’s. Pot, pot, pot, pot, green, and weed.

The process came to me and I, looking around thoughtfully, said that I thought Americans paid too much in taxes. Taxes, I said, should be cut – dramatically. These remarks caused a stir in the room with many heads nodding affirmatively. In fact, the dude to my left, next in the rotation, acknowledged my sentiments. He said that if taxes were cut, then we would all have more money to buy pot. Pot was his central issue. The discussion rounded the table.

Pot, pot, reefer, green, pot, weed, pot, pot, MJ, pot, whacky-tobacky, pot… At last the floor again belonged to the leader. He seemed pleased with the direction of the discussion and avowed to keep it going. We should all, he said, explain our second issue of attraction. His was still marijuana. Pot, pot, pot, pot, pot and back to me.

Now, somewhat flustered, I thought hard. At the time I really didn’t care one way or the other about pot. I still don’t. Yes, I agree it should be legal. I had no problem with the opinions of my fellows, only with their redundancy. I thought for a second and said, “I like guns.”

More murmuring and many a nodding head. The man next to me became animated with delight. He declared that they had long needed “this guy”, meaning me. He said we would definitely need guns in order to protect our … pot…

Pot, pot, pot, pot, pot, pot …

I then knew this was an exercise in the futile. I asked the animated character to my left where the restroom was. He got even more excited. Leaning in, with a half-crazed look in his glazed eyes, he asked, “You going to smoke a joint?”

No I said. Gotta…number two. Big. One… I … I have to run. And I did.

I left and headed downtown. I did use the restroom – at a bar, though mainly to ask the mirror what the hell I had just been through. The beer and I finally connected. It turned out to be a good night.

And that was my defining experience with the LP. And with the witches of America.

nimbus-image-1475844515131

I still like and admire the Libertarians. Thereafter I went on to (lazily) support Harry Browne’s 2000 presidential campaign. He, you might recall, did not make it. I also paid for a dinner for a Georgia LP congressional candidate and his senior staff. He also failed to win office.

I no longer associate with politicians (or witches) – at least not in the formal, supportive sense. As I noted yesterday, the Pot Party is still the party of pot. Whatever else they may be, they are consistent on that issue.

They still want to toke and I still like guns. There is a constant in the universe.

Happy Friday, all.

The Nine Laws: Not A Book Review, Not Yet

06 Thursday Oct 2016

Posted by perrinlovett in Other Columns

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Tags

books, inspiration, Nine Laws

I’ve made it up to chapter four, where I believe the substance of the book begins. Again this is The Nine Laws by Ivan Throne.

51rdnrxumzl

Throne / Castalia House.

So far I can say it certainly is interesting. I’m not ready for a full review, obviously, but I can say that I recommend it, at least for investigation purposes. It purports to be a textbook of sorts, a teaching of self-improvement, and I think it is ramping up to that. At any rate, it does cause thought which is a hallmark of any good book, technically useful or not.

The book offers a bleak but honest look at the world and our lives within. I find it most refreshing that the author doesn’t tip-toe around with foolishness and idle politically-correctness. If it is a self-help book, then it is only for those who embrace reality. And, of those, only the ones willing to do something about their status and places. It is not for the weak. Thus, I hate to say, it is not for most people. Readers, here, I presume will benefit or at least will not be harmed.

Very good, so far. I may have a full report when I am finished.

Even The Pursuit Of Power Corrupts

06 Thursday Oct 2016

Posted by perrinlovett in Legal/Political Columns

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America, celebrities, corruption, freedom, Gary Johnson, government, gun control, guns, libertarian, Libertarian Party, marijuana

Given Lord Acton’s observations I long thought that should the Libertarians officially come to power they would become willing participants in the system: corrupted and the very thing they were elected to combat. Now, it seems, their ascendancy isn’t even a requirement. John Bock wrote an intriguing piece suggesting the corruption has already happened. Or, at least, it has begun.

Today’s Libertarian Party is not the same party your father knew. The party known for promoting civil liberties, minimal government regulation (including ending drug laws), free market capitalism and the end of welfare seems to have wavered in its original mission. This election cycle, the Libertarians have enjoyed extra support with all of the early “Never Trump” talk. More people have looked into the Libertarians, but not everyone – especially gun owners – likes what they’ve found.

The article is gun-centered but so is freedom. There appears to be a lot to worry about.

I like the LP, theoretically, as an alternative to the current uni-party BS system. Many of my friends are Libertarians, many more libertarian with the capitalization. I never entertained joining the LP. I’ve never joined any party. Not a party person, so to speak.

Three problems have always specifically stood in between the LP and myself. First, there’s the aforementioned potential for decline. Second, the applications I have seen have a requirement that members declare they will not try to overthrow the government. I see no need for direct action as state’s usually do a marvelous job of committing suicide, unassisted; however, the option is nice to have in needed (see 1776, etc.). Third, I have found the LP, first and foremost, to be the party of pot.

I don’t use marijuana nor do I mind if you do. I think all drugs should be legal though I might never use them. But, it’s not my only issue. Mary Jane’s Stoned Green Grass Pot Party is not for me. I have a very funny story about my experience with the ravishing reefer enthusiasts but it can wait just a while.

Guns are another of my many issues so let’s return to Bock’s article.

Gary Johnson picked as his running mate a liberal Massachusetts gun-grabber. This makes the ticket no worse than the gun controllers offered up by the DNC and the GOP but it is no different. If there’s not a difference, what’s the point?

Johnson’s campaign in Delaware is chaired by Melissa Joan Hart, another celebrity telling you how to vote. She’s also a spokeswoman for Mom’s Demand Action (against you and your guns). She’s also easy on the eyes so I might let that one go, if it stood alone as an anomaly. It doesn’t.

nimbus-image-1475783653817.png

Hmmmm…

It seems even the venerable Cato Institute, bastion of libertarian thought in D.C., is at least willing to compromise on gun control. It’s not that bad, but it is a compromise and one that makes no sense.

By Robert A. Levy

…1. Assault rifles.

…That said, some weapons can be banned. For example, automatic weapons have, for all practical purposes, been banned since 1934. But banning popular semi-automatic rifles, merely because they have a military-type attachment that doesn’t affect their lethality, makes no sense. The task, therefore, is to identify semi-automatic weapons that are not commonly used and not needed for lawful purposes. The 1994 Assault Weapons Ban went too far, but a more limited version might be viable.

2. High-capacity magazines.

…To my knowledge, no actual or potential (civilian) victim has fired dozens of rounds in self-defense. Perhaps that suggests a ban on magazines with more than, say, 20 rounds.

3. Universal background checks.

…It may be time to revisit and, if necessary, fine-tune Manchin-Toomey.

Robert Levy is chairman of the Cato Institute.

Boch immediately follows with a story of a citizen who used a scary assault rifle and one or more high capacity magazines to fight off armed thugs, none of whom I am sure, cared the least about background checks.

And Levy and company miss the point entirely. If the government has powerful weapons, it follows the people should have them also – just in case. It has nothing to do with shooting deer or fighting criminals in theory. (Although in practice the weapons do a great job with both of those issues).

Maybe this is in keeping with the LP pledge to tolerate any government. Maybe it’s a cave-in in an attempt to garner the mad mom vote. Either way, it isn’t libertarian, American, nor wise.

Just to show no hard feelings towards Libertarians – Legalize the Weed!

Voting Advice … Or Not

06 Thursday Oct 2016

Posted by perrinlovett in Legal/Political Columns

≈ 1 Comment

Tags

America, celebrities, election, George Carlin, GQBM, politics

Everyone in America is hot and heavy about next month’s Great Quadrennial Black Mass, a.k.a. the election. I am not.

So it is that I was not impressed nor moved to action when the following presented itself on the WP command screen:

nimbus-image-1475704726342

There was an “X” on the right side so I judiciously clicked it. You’re all welcome.

I think everyone knows where I stand on this government, government in general, and elections. Big. Waste. Of. Time. Still, I don’t roundly tell everyone not to vote (DON’T VOTE!!!). So I’m not about to encourage the behavior. You’re adults; make up your own minds.

Some celebrities aren’t so confident in your mental abilities. They not only tell you to vote but practically advise you how to vote.

nimbus-image-1475780308701

Downey, Jr. and pals – Downey’s Downers. YouTube.

Rock the vote! Vote or die! If you can’t trust a pack of professional liars, drug addicts, drunks, and violent, raging, STD-ridden, serial divorcing idiots, who can you trust?

I do trust one celebrity on the matter: George Carlin:

nimbus-image-1475780645586

Carlin / YouTube – one of his best.

As George suggested, there really are no choices now, not even sure-to-fail third parties. News comes even the Libertarian Party is corrupted. More on that later – about the news and a funny story.

Turning Laziness Into Power

06 Thursday Oct 2016

Posted by perrinlovett in News and Notes

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happiness, inspiration, laziness, strong, success, The Tiger

Maybe I’m not as lazy as I thought. Or, if I am, maybe it’s a good thing. I don’t know. Read on.

This morning I found a recent Forbes article about 10 Things Mentally Strong People Won’t Do. It’s worth a read. It starts with this story of determination:

Thomas Edison provides an interesting example. When his factory burned to the ground in 1914, destroying one-of-a-kind prototypes and causing $23 million in damage, Edison’s response was simple:

“Thank goodness all our mistakes were burned up. Now we can start fresh again.”

That’s beyond “never give up”. That’s where you can’t even be placed in a give up situation.

The 10 Things are:

1. They don’t dwell on mistakes.

2. They don’t hang around negative people.

3. They don’t stop believing in themselves.

4. They don’t wait for an apology to forgive.

5. They don’t feel sorry for themselves.

6. They don’t hold grudges.

7. They won’t let anyone limit their joy…

8. …and they don’t limit the joy of others.

9. They don’t get lazy.

10. They don’t get negative.

For right now, I’m looking at number 9, laziness. The example the article gives of laziness/counter-laziness is:

A study conducted at the Eastern Ontario Research Institute found that people who exercised twice a week for 10 weeks felt more socially, intellectually, and athletically competent. They also rated their body image and self-esteem higher. Best of all, rather than the physical changes in their bodies being responsible for the uptick in confidence, which is key to mental toughness, it was the immediate, endorphin-fueled positivity from exercise that made all the difference.

Exercise twice a week? A week? I sometimes feel down and out if I don’t exercise twice in a single day. Two days without physical activity and I start to develop neurosis. I have to start mentally justifying things to myself – even if the underlying reasons are real and obvious – “You strained you bicep. Slow down or you’ll tear it and be out for weeks. Strains and tears heal stronger. It’ll work out.” – and so on.

And the exercising I do is a little different than that of others. Many men seem content if they can bench press their body weight – which, generally speaking, is a good standard. However, I feel like a slug if I can’t (double arm) curl my own weight.

One of my gyms has sixteen 200-pound heavy bags. Well, 15 right now, I got a little carried away. 98% of the members pretend these things don’t exist. The few of the rest do as most – they pretend their in a fight with one of the bags. It’s a great workout. I pretend to mercilessly brutalize the whole gang.

In work, I usually write 2,000 – 5,000 words per day, everyday. Some you read here, some you can’t, and some are for other people. The days come by when I only do 1,000 words. I feel kind of lazy then. But most people don’t type 1,000, tweets and texts aside, in a year.

So, I’m thinking maybe I’m not that lazy. And maybe I am. And I like it. And I don’t.

People love to liken themselves to animals: sheep, sheepdogs and wolves are very popular choices. I like the tiger concept. Large, sleek, and solitary, cute like a kitten, but menacing. Tigers are extraordinarily lazy by design. Almost all of their time is spent lying around. They sleep, yawn, blog, and loaf the hours away. They can afford the lifestyle because, when needed and suddenly, they’re the most dangerous thing in the forest. And there’s nothing the sheep, dogs and wolves can do about it. And the tigers are beyond it all.

siberian-tiger-gazzing

Why yes, I’ze lazy. Say, you lookz appetizing.

Meandering on through the internets I found Vox’s recommendation for a new book: The Nine Laws by Ivan Throne, published by Vox’s Castalia House. It looks like the Forbes article, in manual form and on steroids. Sayeth the Amazon:

Do you dare to discover what you’re truly capable of?

THE NINE LAWS is your living manual of power, distilled for you by the man who was forced to build it to survive. The author forged this system over decades of cruel experience. It began with profound trauma in early childhood, shaped itself during long training in the eastern warrior arts, and was polished amidst financial industry competition and family crisis. Master this content, and deliver yourself to a place that few men ever reach: joyous mastery of your own fate.

This book is not for the uncertain or the timid. THE NINE LAWS is designed for men who are acutely aware that one lifetime is all they have to pursue and achieve their sacred purpose. Far more than a mere self-help book, or a simple collection of advice and ideas, The Nine Laws is a gravely serious operating system for success in a dark world.

Read it. Train it. Live it. Survive the dark world with momentous ferocity, and triumph.

Ivan Throne is a business manager, author and seasoned veteran of the financial industry with over thirty years of study in the classical Japanese military fighting arts. His vivid lessons and ruthless mentoring for the hard and often cruel demands of our pitiless high performance world have helped millions of people across social media deeply connect with radical, authentic success to the joys of partners, lovers, colleagues and clients.

I picked it up on Kindle. All the preview looked fantastic and I can’t wait to start reading… Actually, I can wait. That lazy indifference of the differing perception thing…

Take a look at those 10 things. Maybe it’s your lazy day. Or your day of joy. Or no negativity day. Or… So be a tiger, or a sheepdog, or a goldfish or whatever.

Et Tu Refugees?

05 Wednesday Oct 2016

Posted by perrinlovett in News and Notes

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Tags

Brussels, Colorado, crime, ISIS, terrorism, The West

Probably. Why not. ISIS has called on its many and evil operatives across the West to start stabbing non-muslims. Stab them in parks, offices, malls, alleys, trails, sporting events, etc. Stab wherever and whenever the circumstances are right.

The call has already been heeded. “Hicham D.”, probably a newly arrived guest seeking relief from war and a better life in Europe and all, stabbed two police officers in Brussels. He was shot and arrested by another officer. If there is one thing to learn from this and the recent bombings and other attacks, it is that the Netherlands and Europe need more non-Christian, non-European refugees. Wonderful people. Productive. Vibrant.

Brussels also saw a potential bombing, excuse me – another bombing, at a train station. That turned out to be a hoax. Who doesn’t enjoy a good hoax? And all the refugee-related fun activity gives rise to fun, banana republic-looking scenes like this:

train-station-evacuated-after-bomb-alert-brussels-belgium-05-oct-2016

Mirror, UK.

Soldiers and attack dogs in the streets lend a carnival-esque atmosphere, no?

In possibly related news, police at the University of Colorado shot and killed a man wielding a machete at the school’s stadium complex. He is (initially) described as a white man “looking for sinners” and uttering religious ramblings.

This could well be a case of that domestic terrorism Hussein Obama is always worried about. Time to ban guns. Then again, the media frequently misapplies labels like “white” or “hispanic” to obscure the true nature of attackers. Maybe this was a “white” muslim recently admitted from Somalia or Pakistan. Such refugees often visit public places, armed and violent, and looking for sinners. Allah hates sinners, you know.

If this was an actual white American on some personal crusade, then that would raise some interesting questions. Is a machete a book? Should whites loot and burn Boulder tonight? Despite this being a white man, bothering other white people, in a white city, shot by a white police officer, should his “brother” go on TV and proclaim all Indians “f*cking devils”? Will Hussein talk about the fears white men feel while wieldin..er..reading books? It’s a strange world. We need strange questions.

With our societies gone utterly mad and our “leaders” gone over to Satan, the people must begin to look out for themselves. Watch your six. If you witness anyone – white, black, muslim, tall, or anything else descriptive term – who is swinging a weapon while shouting anything, just shoot them. Don’t worry, the globalist will go out and recruit some more.

The $47 Trillion Migraine

05 Wednesday Oct 2016

Posted by perrinlovett in News and Notes

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Tags

banksters, debt, economy, Stephan Pastis, taxes

NFL viewership is in free-fall collapse and with good reason. If people are waking up, some of them may know that one of Europe’s largest banks is also collapsing. Deutsche bank is going under. This could have a dramatic effect on the EU and America also.

The 2015 annual report for Deutsche Bank runs to some 448 pages, so one rather doubts if even its CEO, John Cryan, has read it all, or has a complete grasp of, for example, its €42 trillion in total notional derivatives exposure.

Is Deutsche Bank technically insolvent? We’d suggest that it probably is, but we have no dog in the fight, having never either owned banks or shorted them. And like everybody else we assume that some kind of fix will soon be in – probably one that will further vindicate exposure to gold, both as money substitute and currency substitute. Professor Kevin Dowd, asking whether Deutsche Bank ist kaputt, suggests that the bank’s derivatives exposure is difficult to assess rationally; the value of its derivatives book

“is unreliable because many of its derivatives are valued using unreliable methods. Like many banks, Deutsche uses a three-level hierarchy to report the fair values of its assets. The most reliable, Level 1, applies to traded assets and fair-values them at their market prices. Level 2 assets (such as mortgage-backed securities) are not traded on open markets and are fair-valued using models calibrated to observable inputs such as other market prices. The murkiest, Level 3, applies to the most esoteric instruments (such as the more complex/illiquid Credit Default Swaps and Collateralized Debt Obligations) that are fair-valued using models not calibrated to market data – in practice, mark-to- myth. The scope for error and abuse is too obvious to need spelling out.”

42 Trillion Euros equals 47 Trillion Dollars. If that number is unreliable it still suggests a huge problem. And it’s one that your taxes will likely be called on to fix.

Speaking of theft … taxes, Apple is the biggest U.S. tax dodger (not Donald Trump). The software/SJW giant avoided paying $65 Billion in taxes for either the current year or last year. What a shame. That’s money that could have gone into the pockets of German speculators. We’ll just have to print money to cover for them.

In totally unrelated but much happier news Stephan Pastis will have a new compilation book out in November, Stephan’s Web:

9781449482022_frontcover

Pastis / McMeel Publishing.

It’s like Charlotte’s Web but sarcastically and self-deprecatingly humorous. Unlike Deutsch and Apple, it has real value.

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Prepper Post News Podcast by Freedom Prepper (sadly concluded, but still archived!)

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