2008: "Their fix may, likely, trade a measure of American sovereignty by submitting to a new economic world order."

 

This post was originally published at The Deliberate Agrarian.

Paul Krugman is a popular guy these days. The American economist was awarded a Nobel prize in Economics this year. In a recent interview I heard Krugman say that no one person is responsible for America’s current financial crisis. But, he said former Federal Reserve chairman Alan Greenspan certainly deserves a lot of the responsibility.

As for Greenspan, he spoke this past week before Congress and said he was “in a state of shocked disbelief” about what has happened to the economy. He further stated: “This crisis, however, has turned out to be much broader than anything I could have imagined.”

Greenspan went on to blame the crisis on “explosive demand by investors around the world” for what were (at one time) very profitable mortgage backed securities. To feed the great demand for these investment vehicles, mortgage lenders started giving mortgages to people who, under normal circumstances, would never have been able to get such loans. As a result, the securities being bought by investors all over the world were tainted with what is now known as “toxic assets.”

Meanwhile (and, incredibly) these risky securities were being rated as relatively safe and sure investments. When it came to light that they were not so safe and sure, the house of cards started to fall, and it is still falling.

How could bad investments be rated as good investments? According to Greenspan: “The whole intellectual edifice… collapsed… because the data inputted into the risk management models generally covered only the past two decades, a period of euphoria.”

So, “Surprise. Surprise. Surprise! Sergeant Carter”…

More @ The Abbeville Institute

Transgender Teacher Claims $60k After Co-Workers Use Wrong Pronoun

Via sauced07

Somethin', I guess

Par for the course in Oregon.

A transgender school teacher has been given a payout of $60,000 after complaining of being harassed by colleagues for over a year who allegedly “misgendered” her, despite an official investigation stating otherwise.

Leo Soell, who works as a fifth grade teacher at Gresham-Barlow school in Oregon, submitted a complaint to Oregon district officials that she had been “harassed” by colleagues after coming out as transgender last September.

In the complaint, she claimed that her co-workers continually called her “she,” “lady,” and “Miss Soell,” while other staff had conspired to stop her using a gender neutral bathroom, despite the school hosting an hour long training session on transgender issues.

More @ Breitbart

What’s Really Behind #NeverTrump

Via Red

I predicted that Donald Trump was going to win the GOP nomination before the Iowa caucus. I even predicted that he might run the table. While he didn’t run the table as I overly enthusiastically suggested at one point, he came closer to running the table than he did to imploding as all the smarts were predicting. The reason I was confident Trump was going to win the nomination was because he had been leading in the primary polls since shortly after he announced, and that support, while it trended up and down somewhat, was relatively stable and seemingly impervious to attacks on the candidate. The assumption that he was inevitably going to implode was always based on wishful thinking by the same pundits who were too blind to see the Trump phenomenon coming and incapable of truly understanding it.

More @ Intellectual Conservative

The most dangerous, and underreported, part of Obama’s transgender edict

Via Adam

For all the justifiable press coverage of Barack Obama's federal guidance on transgender students in the public schools, its most dangerous provision has largely gone unnoticed – and it has nothing to do with bathrooms.

The most outrageous provision of his transgender bathroom order does not even involve locker rooms, where teenagers of the opposite sex will change and shower next to one another.

The most offensive part of the new policy is that, under the Obama administration's federal guidance:

• School districts must allow biological males and females to spend the night together in the same hotel room on field trips;
  
  
• Colleges must let men who say they are transgender be roommates with one or more women; and
  
  
• School officials cannot even tell those young women or their parents in advance that their new roommate is a man, without risking a federal lawsuit.
  

The plain wording of the Obama administration's diktat is clear enough, yet it has not been reported, even by conservative news outlets.

Republicans get it wrong, again

More @ Life Site

Southern Voices

 

Southern Voices: Poems by William H. Holcombe, M. D. Philadelphia: J. B. Lippincott & Co. 1872. 

We hail this volume as a beautiful presage of the future of the South in the department of poetry In saying that it is worthy of the author, who, for several years past, has been a brilliant star in the literary firmament of the South, we give it the highest praise. Dr. Holcombe, in a succession of psychological works, connecting in golden links the noblest and most attractive features of two worlds, has carried English prose style to a high degree of perfection.

His mind is at once logical and creative; but, like all fine writers who have preceded him, he has evidently conned models upon models, and passed through stages of laborious training. All well-balanced minds familiarize themselves with the attainments of the past before they strike out new paths for themselves. In pursuing this course, Dr. Holcombe has only accommodated himself to those inevitable laws of mental and moral progress, the observance of which is sure to secure for the philosopher, the scholar, and the poet, the highest practicable triumphs.

Half a century ago the Englishman, with a curl of contempt upon his lips, and the shred of a laurel on his brow, asked, with an air of triumph that brooked no response, “Who reads an American book?”

More@ The Abbeville Institute

First ‘Clinton Cash’ Domino to Fall: FBI Investigating Hillary Bagman Terry McAuliffe

Via Cousin Joel "The northern Virginia democrats and those in the Virginia cities place trash dirt bags like McAuliffe, Warner and Kaine into office. I would like to see all three socialist communists go to jail."

 

 What an attractive unattractive pair!

Close Clinton operative Terry McAuliffe is under federal investigation for campaign contributions from a Chinese billionaire who has also donated $2 million to the Clinton Foundation.

From CNN:

Virginia Democratic Gov. Terry McAuliffe is the subject of an ongoing investigation by the FBI and prosecutors from the Justice Department’s public integrity unit, U.S. officials briefed on the probe say.

…

As part of the probe, the officials said, investigators have scrutinized McAuliffe’s time as a board member of the Clinton Global Initiative, a vehicle of the charitable foundation set up by former President Bill Clinton.

There’s no allegation that the foundation did anything improper; the probe has focused on McAuliffe and the electoral campaign donations, the officials said.

Spokespeople for the Justice Department and the FBI declined to comment.

More @ Breitbart

Hampton Roads: A Twist in the Lincoln Myth

According to the standard narrative maintained by the North, Lincoln’s 1863 Emancipation Proclamation brought about a new moral aim that justified a particularly bloody conflict. The act is often described as a device that would usher in a new age where angelic Northerners suddenly abandoned their racist past in favor of a fair, more equitable course for enslaved men. From that point onward, the story goes, the highest Northern political officials were wholly devoted to the cause of abolition within the states.

However, written records from this timeframe demonstrate a starkly divergent reality. Several significant circumstances from 1863-1865 illustrate that the most prominent leaders within the Union government, including President Abraham Lincoln and Secretary of State William Seward, were entirely willing to compromise on slavery. This case is most easily demonstrated by the events leading up to and including the Hampton Roads Conference of 1865.

The Union’s inclination to offer compromise on the issue of slavery truly began with the proposed Corwin Amendment of 1861, but resurfaced in the year prior to the conference. In late 1864, Seward opined that if the seceded states abandoned their quest for independence, the matter of slavery would fall entirely to “the arbitrament of courts of law, and to the councils of legislation.”

More @ The Abbeville Institute

Socialism Progressing as Expected in Venezuela: It Runs Out Of Beer!

Via David

 

Venezuela Runs Out of Beer

Pay attention Bernie Bros. The Venezuelans didn't think it could happen to them, either.

Washington Post - May 4: Venezuela should be rich. Instead it’s becoming a failed state.

This is an entirely man-made catastrophe. Venezuela, by all rights, should be rich. As we just said, it has more oil than the United States or Saudi Arabia or anyone else for that matter. But despite that, economic mismanagement on a world-historical scale has barely left it with enough money to even, well, pay for printing money anymore. That's right: Venezuela is almost too poor to afford inflation. Which is just another way of saying that the government is all but bankrupt.

Bloomberg News - May 9: Catastrophe Is the New Normal for Venezuelans

More @ A View from The Beach

"Islam does not belong in Germany" or anywhere else for that matter.

Via David

The leader of the right-wing populist Alternative for Germany (AfD) party turned heads once again on Sunday by upping her anti-Islam rhetoric just one day ahead of a planned meeting with the leader of the Central Council of Muslims in Germany (ZMD).

Speaking with the "Bild am Sonntag" newspaper, Frauke Petry warned that Muslim immigration to Germany was threatening everything Europe had accomplished over the last two centuries.

"We can see that the significant achievements of the Enlightenment are in danger, as long as we continue to pursue this path of unregulated migration connected to promoting the importance of a religious radicalism," Petry told the paper.

She went on to accuse Muslims of wishing to implement Sharia law. "When more than half of Muslims, when in doubt, would give Sharia precedence over relevant national laws," then "something we can no longer control" will be at work in the country, Petry said.

More @ DW

The Defenestration of Prague coming to our shores?

 

 The Moneychanger

Don't mess with Czechs. On 23 May 1618 in Prague began the 30 Years War when Czech protestants tossed three Habsburg governors out a window -- the Defenestration of Prague. It was NOT a first story window, and this was not the first time the Czechs had removed offensive officials by defenestration. They killed seven city council members that way in 1419.

Now all you squeamish modern folks will wince at the thought of pitching offending officials out the window. However, think about it. Think how it would improve the manners of those defenestrated, and how respectful it would render the rest, the not-yet-defenestrated. Might work better than a recall election, and certainly more permanently.