By keeping interest rates so low, central banks have no tools left when the next financial crisis hits, according to a Bank of International Settlements report.
Since Puerto Rico and Greece are both in the news this week, as they suffer financial implosions, perhaps we should take a look at the bigger picture. What will the central banks do if this starts a bigger crisis?
According to one report, they can do nothing because they have already done it. The Telegraph reports, “The world is defenceless Read more [...]
The Greek debt crisis is affecting global markets; things are just getting started.
It seems like the event that Bob Allen has often warned us about is finally beginning. The New York Times reported yesterday, “Greece’s Debt Crisis Sends Stocks Falling Around the Globe.”
Global markets shuddered on Monday after Greece closed its banks amid fears that the country was headed toward default.
Stocks slumped on Wall Street, after markets in Europe were buffeted by worries that the Greek debt Read more [...]
Why would the police nab a girl? If they were worried, then why not take her home?
Generally, areas with decent law enforcement and low crime rates want to enjoy the security they have. The point in lowering the crime rate is to have more freedom. It could be the freedom to leave patio furniture on your patio knowing that it will probably not be taken by someone. It could be the freedom to not have to lock your car door in a store parking lot so you don’t have to go through the hassle of unlocking Read more [...]
Both the French media and a French politician have suggested granting Edward Snowden asylum in the wake of WikiLeaks revelations about NSA spying.
When I posted about the WikiLeaks report that the NSA spied on French presidents, I didn’t think the rage of the French would mean too much.
But now I’m wondering.
According to the Intercept,
French Justice Minister Christiane Taubira thinks National Security Agency whistleblower Edward Snowden and WikiLeaks founder Julian Assange might be Read more [...]
While Liberals are already prepared to accuse the Texas Attorney General of treason, he is simply pointing out the First Amendment still exists.
You would think that, in a nation that has a Constitution recognizing the freedom of religion, this would be completely uncontroversial. But sadly it is not. Reuters reports, “Texas attorney general says county clerks can refuse gay couples.”
County clerks in Texas who object to gay marriage can refuse to issue marriage licenses to same-sex couples Read more [...]
Religious freedom is no longer of value to the ACLU because they have a political war to wage against Christians.
I saw this story over the weekend but didn’t have time to write about it. I was gratified yesterday to see the Libertarian publication Reason put this headline on it: “The ACLU Now Opposes Religious Freedom Because Christians Need It.” And they added this tagline: “The Sometimes Civil Liberties Union.”
I was relieved because Reason has an unhealthy habit of promoting homosexual Read more [...]
Puerto Rico has AT LEAST $73 Billion in debt and they can’t pay it back.
Puerto Rico has economic disadvantages. Energy prices are high and there are other challenges.
So what did Congress do? Congress made Puerto Rican bonds available completely tax free.
This should have been caused an immediate alarm to investors. After all, if Congress is doing special favors to make bonds look attractive, then that must mean that Puerto Rican bonds are otherwise unattractive. In many cases reducing Read more [...]
It's stunning how fast things can change in the La-La Land that passes for liberal logic.
Within a day of the Supreme Court's ruling creating a constitutional right to homosexual "marriage," the same sort of people who see burning the U.S. flag as free speech were suddenly gung-ho for America and accusing dissenters from the court's majority opinion of committing treason.
Jay Michaelson at the Daily Beast is of the opinion that part of a Supreme Court justice's job is to quell controversy.
Dipping Read more [...]
Not all "gays" or Lesbians buy into the irrational homosexual orthodoxy that is popular in the media and with the Supreme Court.
Back in the nineties I really appreciated Camille Paglia’s Sexual Personae and her first book of essays. But I missed her second book. While researching on homosexuality I stumbled on this web page of quotations from an essay in her book Vamps and Tramps. Even though this is from the nineties I think her observations are still quite relevant today. So I’m reproducing Read more [...]
Trying to use natural law so that you won’t be accused of reasoning from the Bible is a fool’s mission.
It has been pretty common for some Christians and Christian traditions to insist that we should reason about matters of public justice and the social order from “natural law.” Supposedly, natural law is a realm of moral principles that are evident to all reasonable people whether or not they are Christians.
Can we please let the Supreme Court’s latest offense end that myth?
Look, Read more [...]
Once the euphoria dies down we will have to face the consequences of the Supreme Court's Decision.
The task of the Statesman is to assess the long-term effects and impacts of each decision that comes before him; where will the rails of this train-of-logic, if carried to the final stop, leave those who come after us?
A policy that brings a measure of relief or success for one year or five, but leads to grave pain and suffering in twenty or thirty should be avoided at all costs. True Statecraft—as Read more [...]
The Supreme Court has told us that the U.S. is not our home; we’re exiles.
Rod Dreher of the American Conservative got to write an op-ed for Time Magazine: “Orthodox Christians Must Now Learn to Live as Exiles in Our Own Country.”
It is hard to overstate the significance of the Obergefell decision — and the seriousness of the challenges it presents to orthodox Christians and other social conservatives. Voting Republican and other failed culture war strategies are not going to save us Read more [...]