2.27.2014

Something to Consider

From Market Ticker. Why is it that supposedly intelligent people, well intentioned people, have produced results like that?

2.20.2014

Red Pill Going Mainstream

James Taranto of the Wall Street Journal has brought some red pill ideas into the mainstream. Today, ZeroHedge published a red pill inspired attack on political correctness. While ZH it is not mainstream, it is one of the largest financial blogs in the English speaking world.

The Twisted Motives Behind Political Correctness by by Brandon Smith of Alt-Market.com

ZH is a financial blog, but one that often recognizes that the financial problems in the country do not end on Wall Street. I find the convergence interesting. The big Chinese wall is between the libertarians and the dark enlightenment, but on that score, even Ron Paul is talking about self-determination. Skip to 2:40 for the comment on self-determination.

2.18.2014

China Is An Emerging Economy

The United States is a submerging economy. -Peter Schiff

2.14.2014

Even Handed Coverage of NeoReaction

Mencius Moldbug is a Technocrat Handle's response: Adam Gurri Is A Mensch

A Defense of Bronies

In Defense of Bronies
You’d have to be mentally ill to see Bronies as anything other than loser weirdo fag loser nerd perverts. However, after watching My Little Pony, talking to their fans, and checking out the documentary Bronies, the truth hit me like an atomic wedgie. This isn’t about wimps such as Pajama Boy or those disgusting perverted Furries. It’s about autistic men trying to overcome their largest impairment: social interaction. Once you figure that out, making fun of them becomes equivalent to going up to a cancer patient on the dance floor, ripping off her wig, and yelling, “HA HA YOU’RE BALD!”
Worth a read.

2.12.2014

Why Are So Many Bankers Committing Suicide?

Maybe this is like child kidnappings and school shootings: more media coverage makes you think there more of it happening. If not, what's up? The market is at an all-time high...... That makes six
As Zerohedge points out, this "suicide" follows "the jumping deaths of 2 London bankers and a former-Fed economist in the US". This seems a little strange considering how the financial companies are presently sitting very fat and happy. There have also been two suicides in Switzerland; the CFO of Zurich Insurance and the CEO of Swisscom.
And now seven: Another JPMorgan Banker Dies, 37 Year Old Executive Director Of Program Trading
The circumstances surrounding his death are scarce, but what is most notable is that not only is Crane the second very young JPMorgan banker to pass in recent days, but is also the fourth banker death in under a month. We can only hope this disturbing chain of deaths within the financial industry - one of which involved a nail-gun induced suicide - is purely accidental.
ZeroHedge still leaves off the two Swiss suicides. The nail gun one is strange:
A coroner's spokeswoman Thursday said Talley was found in his garage by a family member who called authorities. They said Talley died from seven or eight self-inflicted wounds from a nail gun fired into his torso and head.

Obama Ate My Balls

Because Obama.

2.11.2014

Canada Starts Closing the Door to Immigrants

Canada scraps millionaire visa scheme, 'dumps 46,000 Chinese applications'
Canada’s government has announced that it is scrapping its controversial investor visa scheme, which has allowed waves of rich Hongkongers and mainland Chinese to immigrate since 1986.
The surprise announcement was made in Finance Minister Jim Flaherty’s budget, which was delivered to parliament in Ottawa on Tuesday afternoon local time. Tens of thousands of Chinese millionaires in the queue will reportedly have their applications scrapped and their application fees returned.
The decision came less than a week after the South China Morning Post published a series of investigative reports into the controversial 28-year-old scheme. The Post revealed how the scheme spun out of control when Canada’s Hong Kong consulate was overwhelmed by a massive influx of applications from mainland millionaires. Applications to the scheme were frozen in 2012 as a result, as immigration staff struggled to clear the backlog
About 66,000 people will have their applications cancelled. No doubt nearly all 66,000 will now try Australia, the U.S., U.K. or New Zealand, with the bulk possibly leaning towards the U.S. due to the still extant investment visa program.

Swiss Vote to Limit Immigration

The Swiss have fired the first shot (following their prior ban on minarets) in the new immigration battle. The tide is indeed turning against immigration and has been since 2000 with the creation of the EU marking the peak. That was the peak time for social mood, when everyone believed in the shiny happy future. The tech bubble was roaring, Europe was unifying, the Cold War was over......Since then every attempt at immigration amnesty in the U.S. has failed. A lot of people are worried this will eventually pass, but that's a streak to feel confident about.

These votes also show us the stupidity of the American right, or nominal right that is the GOP. Every time you hear about immigration in world news, it is about restrictions. Even in the Dominican Republic (!), where the government is stripping citizens of their citizenship and deporting them back to Haiti. Simply put immigration restrictions on the table in the U.S. and it will quickly dominate the debate. The Overton window has long since moved to the right, but the GOP and conservatives remain under the illusion that the left is popular. If instead they brought up immigration restrictions as an options, the left would run full speed and try to jump through that Overton window, only to smash face first into a brick wall.

It doesn't matter what angle you come at it. First, there's high unemployment. Clearly, increasing the supply of labor isn't going to help. Second, there's the cultural/language debate. Third, there's the pressure on real estate prices. But fourth, and perhaps most powerful, is to use Judo against the main argument: the West and Japan must import foreigners to work in order to pay retiree pensions. From the reverse side, however, don't low fertility rates signal the population wants to have less population growth? It is like if someone said they didn't want more cake, and the response was to bring them more cake.

Finally, there's the environmental argument. Why doesn't a conservative politician make a strong anti-immigration argument based on environmental concerns? Besides being an effective argument (less immigration means less houses means more open land), it throws a wedge into the left. Environmentalists were anti immigration. Which gets me thinking, has anyone pointed out California's drought might not be as bad were it not for all the immigrants coming in?

I don't expect the GOP will come out with a "deport all the illegal aliens and retroactively revoke birth by citizenship, deporting all native born children home with their foreign born parents" bill anytime soon, if ever. But based on the way things are going, it would eventually garner a majority of votes.

2.06.2014

No Fear of Ammo Shortages

You've probably seen stories about the Feds buying up ammunition. The latest of these stories can be seen here: U.S. Postal Service Announces Giant Ammo Purchase.

My take from the start has been: why is the government buying so much ammo? I don't know the answer, maybe this is just media hype or something sinister. Either way, I have two following thoughts. One is that the Feds are unlikely to use all the ammo if they're hoarding it, in which case it could well fall into the hands of citizens as part of surplus ammo sales. Second, if the Feds are artificially driving up demand for ammo, it will cause manufacturers to expand and push down the long-term cost of ammo.

And this seems to be the case. Is The Obama Administration The Cause Of Gun Ammunition Shortages?

American Ammo Makers Are Expanding
The increased demand has prompted ammunition makers in the U.S. to expand facilities, add new shifts and streamline production. Federal Premium says, “Our facilities operate 24-hours a day. We are continually making process improvements to increase our efficiency and investing in capital and personnel where we have sustained demand. We are bringing additional capacity online again this year.”
As they work to catch up with demand, Federal posted a statement on its website saying, “We are currently experiencing high demand for our products. We appreciate your patience and support and remain committed to serving all of our customers, from hunters and sport shooters to those who protect our country and our streets.”
And this bit is a funny irony for the gun haters:
One little-noted benefit to the surge in gun and ammo sales is that every time someone buys a gun or a box of ammo they’re paying a tax that must be used for wildlife conservation projects, gun ranges and other such outdoor-related programs. This tax on firearm and hunting related goods was created in 1937 when Congress passed the Federal Aid in Wildlife Restoration Act (often referred to as the “Pittman-Robertson Act”). In 2013 the U.S. Fish and Wildlife Service estimates this tax will generate $376 million for conservation programs, land acquisition and other outdoor-related expenditures and projects. So, in a way, all these new gun owners are pulling the trigger for conservation more and more often. 

Synthesis

Political

Potpourri