The Legacy of Three Black Men

 Essays  Comments Off on The Legacy of Three Black Men
Dec 172014
 

The Legacy of Three Black Men

Trayvon Martin, Michael Brown and Eric Garner were all killed by law enforcement personal, then protests and civil disobedience followed. In all three deaths, no one was arrested for the killings, and controversy was rampant throughout America. But what is really going on here? All of these men broke the law; two of them resisted arrest, some even attacked law enforcement personal. Eric Garner did not attack law enforcement personal, but he did resist; therefore, the police had to use force to arrest him, but this force plus preexisting medical conditions proved fatal.

These men may have wound up as just more of the unknown who fall to street violence, but just a few months after these deaths, events unfolded that may leave them as a turning point in American history.

These deaths brought out the anger that has long simmered just below the surface in Black America, but it comes to a boiling point when tragic incidents like these happen, because race hustlers like Al Sharpton and Jesse Jackson know how to tap into that anger and use it to their advantage. They know that a few lies spread around can grow quickly into a raging mob. Lies like Trayvon Martin was hunted down and killed by police, and that Michael Brown was shot in the back while having his hands up; this was proven to be a lie at the autopsy that showed no bullet holes in his back.

These lies grow quickly because of a long history of abuse inflicted on Black America. This abuse has ended, but Black America still suspects it’s just below the surface. Black Americans only understand their anger, but they do not realize they have been lied to, just like the lies about these deaths.

This has been building for hundreds of years, from when Europeans first came to America with the baggage of slavery. It must be emphasized that America did not invent slavery, it was inherited; but many of our forefathers fought as hard as they could to end it, right along with many other fights for freedom and liberty.

One of the first lies told to Black Americans was that the Declaration of Independence was a slave document written by slave owners. They were not told that this document has these words in it:

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness.”

Even Booker T. Washington, a black man and former slave himself, believed the Constitution was a slave document, until he read it, and realized that freedom and liberty was the basis of the Constitution; then he supported it.

The very same people who wrote the Constitution put the issue of slavery on the ballot in the First Continental Congress and to their horror it lost by only one vote. Clearly, 49% of the first Congress was strongly against slavery. But, they fought on against slavery along with the fight for their own freedom, until around the year 1805 when slavery was abolished in all the Northern States. The South held onto slavery because they believed it was needed for their farm economy. It was then a long series of arguments and compromises that got more heated as the years passed, until it exploded into the Civil War that killed 620,000 Americans and ended slavery in America. A terrible high cost in blood and treasure.

But the South still held on with the Jim Crow laws that denied black Americans living in the South many Constitutional rights. This came to an end with the 1964 Civil Rights Act and the Voting Rights Act of 1965.

To the majority of Americans, all the laws that are needed to end discrimination are on the books. Laws ending housing discrimination, voting, education, everything to give Black Americans equal rights, but yet Black rage still simmers.

Even Laws on Affirmative Action were passed giving Black Americans preferential access over White People to education, jobs, and housing; but Black rage still simmers. Some even say that there is White Privilege, but how can they say this when Affirmative Action Laws are being enforced; until you realize that they are being told lies by people they trust.

There are even government programs giving Black People financial aid in many areas in finance, housing, job training and food aid. But Black Rage still simmers. This rage is supported by lies like the lie Vice President Joe Biden (a Democrat) told the NAACP:

“They  (the Republicans) want to put y’all back in chains”

The audacity of this is incredible. When the Jim Crow Laws were in force in the South, the Democratic Party held a solid majority in the South, the same Democratic Party that VP Joe Biden belongs to. Also, George Wallace, the former governor of Alabama, who once stood in the door way of a school to block it’s integration and shouted “segregation now, segregation forever”, was also a member of the Democratic Party.

In fact, the Republicans who are being called racist, are the party of Abraham Lincoln who signed the Emancipation Proclamation to free the slaves. This is the same Republican Party that held the majority vote to pass the Civil Rights Act and the Voting Rights Act. But yet the Democrats call these Republicans racists and get away with this lie.

It seems that the only thing different about the Black Experience in America is that Blacks went from being abused by their open enemies, to being abused and lied to by people claiming to be their friends. This is going on in America with a history of fighting for freedom and liberty, where more has been done for the longest time to right the wrongs of past generations than any other nation, but America has only received scorn and hate as a result of these efforts.

The majority believes that all that can be done to set things right, has been done. But Black rage still simmers because of race hustlers with their lies. The real problem here is that Black America is 12% of the population, but yet produces around 50% of the crime, because of the family breakdown in black communities. With these statistics there will be other tragic incidents like these, and since police have to control crime, you can be sure there will be other incidents. The race hustlers are making lots of money on this.

The question now is; will America give-up on Black America, or will a new awareness emerge? This is the cross roads America now stands on.   This is the legacy of these three black men.

Jose Lugo, editor DDTV.ORG

www.ddtv.org

lugo@ddtv.org

 

Extremely Ominous: Russia’s Central Bank Just Raised Interest Rates to 17%

 Essays  Comments Off on Extremely Ominous: Russia’s Central Bank Just Raised Interest Rates to 17%
Dec 162014
 

Yesterday, Russian interest rates were at 10.5%, which sounds almost incomprehensibly high to those of us who have been living in the world of ZIRP (Zero Interest Rate Policy) for the past six years.  Well, overnight, the Russian Central Bank raised interest rates 650 basis points in one shot – to 17%.

And we all remember what parabolic increases in interest rates mean.  Ahem.  Cough cough.The Russian economy is now completely dependent upon oil.  25% of Russia’s GDP is derived from the energy industry.  Half of the Russian government’s budget is funded by tax revenue from energy.  Apparently someone didn’t go to class the day they taught about diversification.  (Must have been out shirtless bareback riding that day.)  Even I didn’t realize how heavily levered Russia was in energy until I looked it up just now.  It’s categorically insane.

So now Brent Crude is trading under $60 per barrel, and Russia’s economy is imploding.  People are selling the Ruble and moving into the Dollar, Euro, Yen, pretty much anything is considered a flight-to-quality at this point.  Heck, the Ruble is crashing even relative to the Venezuelan Bolivar.

So, in order to attract capital into Russia, which they need desperately because the massive petroleum expansion was financed with debt, they are raising interest rates hoping to retain that capital which remains, and more importantly to attract new capital.  And you know what?  The market is showing that even with Russian bonds paying out at 17%, the interest rate still isn’t high enough.  People who were holding Russian bonds before are STILL selling them, and there is no new buying interest.  And the Ruble is still selling off.  If Russia can’t price its bonds into the market and attract capital to shore itself up, the banking system will fail, and Russian bank deposits will be “bailed-in”, in other words, swept as they were in Cyprus.  But don’t worry.  All of the Russian Oligarchs keep their money in London.

So why is this happening in Russia and not in the West?  I believe that the difference is that the Russian economic bubble has been inflated by highly-leveraged pertroleum revenues, but the West’s economy, as Karl Denninger has been screaming for years, has been propped up by Federal Reserve (and European Central Bank) money-printing.  Everything in the US is debt-driven.  Heck, Americans are using credit not just to buy houses and cars, but to buy groceries today.  New debt creation has outpaced GDP growth in the US since the CARTER administration.  Sometimes by as much as a factor of 7:1.

Which is worse?  Clearly, the Western paradigm is worse.  At least Russia’s economy, levered though it may be, is tied to a physical commodity – and perhaps the physical commodity par excellence: energy.  The Western economic paradigm is inextricably tied to larceny:  currency debasement and the forcible financial rape of multiple generations of people, many of whom will not even be born for decades or centuries hence.

So, in the West, in our debt bubble we are in a massive catch-22 that can perpetuate itself a bit longer than Russia’s petroleum bubble, but is far more toxic.  Namely, if the Federal Reserve/Banksters keep interest rates synthetically at zero, all of the interest-income dependent   portfolios (i.e. money market funds, pension funds, 401k and IRA, insurance companies, AND Social Security and Medicare) will eventually implode due either to a simple lack of revenue OR because the high-risk derivatives they have migrated into in order to generate any sort of return have collapsed, BUT if they allow interest rates to rise and the bond market genuinely comes back into play, there will be a massive move of money OUT of the equities (and also residential real estate, obviously), and the stock market bubble will utterly collapse, along with the real estate bubble.

Both Russia and the West are “in check” on the chessboard, but the board is far more open for Russia.  The West has basically nowhere to go, and is down to its last piece.

Putin has been flexing his military muscle like crazy lately, with Russian fighters and subs probing and flat out incurring into European and North American airspaces and waterways on a near-daily basis.  Putin is economically trapped, and is also nuts, and history tells us that when nut strongmen become trapped, they get out of it by starting wars.  If Putin were to invade Finland, Estonia and Poland tomorrow, you and I both know that the former U.S. would do nothing to stop it.

Again, and I cannot say this enough, get out, Get Out, GET OUT of the financial system as much as you possibly, possibly can – while you can.  Your money, your savings, is a fungible proxy for all of those years of your life that you spent working.  All of that time.  All of that labor.  If the fungible proxy of 0’s and 1’s on a computer server becomes extremely vulnerable to theft with no recourse or Rule of Law, then prudence dictates that you should defend your property by reallocating into something that is, at least, LESS VULNERABLE than 0’s and 1’s, which are wholly, completely contingent upon the Rule of Law and the fiduciary integrity of the ruling class.

Considering that the ruling class today is wholly comprised of psychopathic oligarchs, and that the Rule of Law is dead, replaced instead by an arbitrary tyranny, NEED I SAY MORE?

Ann Barnhardt