“On the heels of a depressing jobs report, Barack Obama is raising $5 million at fundraisers in Chicago this Friday – including one co-hosted by Marilyn Katz.
So who is Marilyn Katz? According to the New York Times, she’s the person who gave Obama “entry into another activist network: the foot soldiers of the white student and black power movements that helped define Chicago in the 1960s. As a leader of Students for a Democratic Society then, Ms. Katz organized Vietnam War protests, throwing nails in the street to thwart the police.”
The Chicago Tribute also noted that Katz, “once advocated throwing studded nails in front of police cars, back in the SDS days when the group was alleged to have thrown cellophane bags full of human excrement at cops and cans of urine and golf balls impaled with nails.”
This is not to say she hasn’t evolved. As the Tribune added: “Under this Daley, [Katz's] firm, MK Communications, has many city deals, and one involves public relations for the Chicago Police Department’s community policing program. From nails to contracts, the Chicago Way. Apparently, irony was not a ’60s thing.””
Via Daily Caller
Connecticut’s Red Ink
“The Nutmeg State will be funding the Communist Party.
Yep, despite massive debt and a mushrooming deficit, Governor Dannel Malloy, with the obedient Democrat legislature in tow, will convene the State Bond Commission on June 4th and push through a $300,000 “grant-in-aid to Progressive Education and Research Associates to finance renovations to the New Haven Peoples Center at 37 Howe Street.” The masquerades of Progressive this and People that aside, 37 Howe Street happens to be the headquarters for the Connecticut Communist Party, run by Joelle Fishman, who also happens to be the regional bureau chief for the infamous Peoples World. Which, yes, also happens to be located at 37 Howe Street.
So here we have a state that is awash in red ink, consciously increasing its red ink, to directly send taxpayer dollars to a place that publishes Red ink.”
Via National Review
“In Part 1 we looked at the mechanics of fractional reserve banking. In Part 2, we looked at money vs. wealth. Part 3 looked at how and why fractional reserve banking is fraudulent, and illustrated how it is structured like a pyramid scheme. Part 4 looked at 2 basic ways in which the system falls apart, either through a run on the banks, or the banks forcing depressions on the people and then stealing their wealth. Here in Part 5, we look at compound interest and how it is an invisible form of slavery.”
Via Activist Post
“In the last part we saw how float time was fraudulently used in fractional reserve banking by banksters the same way that check kiters have used float time, and we also looked at how float time builds a temporal pyramid structure analogous to a traditional pyramid scheme. Part 4 examines how a run on the bank works, and how banks “run on the people” to cause recessions and depressions.
Remember back to the pyramid in float time and the mainspring metaphor. In the mainspring metaphor, fractional reserve banking gains energy through iterations the same way that a mainspring gains energy when wound. Conversely, the unwinding of a mainspring releases that energy, and the same holds for fractional reserve banking; when fractional reserve works in “reverse”, it loses energy. That can be visualized on our temporal pyramid:”
Via Activist Post
“America has been overrun by control freaks. Once upon a time the United States was considered to be “the land of the free and the home of the brave”, but today there are millions of laws, rules and regulations that tightly regulate our daily lives. Most of these laws, rules and regulations were established by people who believed that they had “good intentions”, but at this point the nanny state has become so oppressive that it is strangling the life out of us. If you look back throughout history, the societies that have really thrived have had a very high degree of liberty and freedom. When the bureaucrats get the upper hand, it can suck the life out of any economy. Unfortunately, our political system seems to be a magnet for control freaks. These control freaks truly believe that they know better than the rest of us and they are systematically moving toward taking total control of our lives. Our rights are being stripped away a little bit more with each passing day, and we are being told that we need a “permit” or a “license” for almost everything. Many younger Americans have been living this kind of “straight jacket existence” for so long that they don’t even remember what real liberty and freedom are. We are steamrolling down the road toward totalitarianism, and most Americans don’t even realize what is happening.”
“There was one thing that the Roller-Upper-Of-Sleeves-In-Chief forgot to mention in his 1 pm rehearsed oratory today: the highlighted number below. And certainly the chart below showing the relative change in US GDP and debt. Since we can only assume the president was too busy pontificating on other very important things, we are happy to fill in the hole.”
Via Zero Hedge
Another Payroll Disaster: Jobs +69,000, Employment Rate +.1 to 8.2%, April Jobs Revised Lower to +77,000; Long-term Unemployment +310,000
“Quick Notes About the Unemployment Rate
US Unemployment Rate rose .1 to 8.2%
In the last year, the civilian population rose by 3,653,000. Yet the labor force only rose by 1,307,000. Those not in the labor force rose by 2,345,000.
This month the Civilian Labor Force rose by 642,000. Last month the Civilian Labor Force fell by 342,000.
Those “Not in Labor Force” decreased by 461,000. Last month those not in the labor force increased by 522,000. If you are not in the labor force, you are not counted as unemployed.
Those “Not in Labor Force” fell to 87,958,000 from last month’s record high of 88,419,000.
By the Household Survey, the number of people employed rose by 422,000. Last month employment fell by 169,000.
By the Household Survey, over the course of the last year, the number of people employed rose by 2,479,000.
Participation Rate rose .2 to 63.8%”