If the liberty movement were not effective in its activism, if we did not present a legitimate threat to the criminal establishment, they would simply ignore us rather than seek to vilify us.
The militias of Michoacan have taken a stand. They have drawn their line in the sand, and I wish I could fight alongside them. Of course, we have our own fight and our own enemies to contend with here in the United States. As this fight develops, we have much to learn from the events in Western Mexico. Government retaliation has been met with widespread anger from coast to coast. And despite the general mainstream media mitigation of coverage, the American public is beginning to rally around the people of Michoacan as well. The non-participation principle prevails yet again.
The liberty movement in the U.S. must begin providing mutual aid and self-defense measures in a localized fashion if we have any hope of supplanting the effects of globalization and centralized Federal totalitarianism. We must begin constructing our own neighborhood watches, our own emergency response teams, our own food and medical supply stores, and our own alternative economies and trade markets that do not rely on controlled networks. We must break from the system and, in the process, break the system entirely.
It may be necessary if we continue to see illegal gangs allied with the legal ones. Let’s hope not. At least we’re seeing a new revolution against the corruption in Mexico.
German businesses are considering jumping ship for cheaper energy prices in the developing world or (gasp!) the United States. For households, these subsidies have acted like a particularly regressive tax. The poor [more] feel the bite of higher electricity bills than do the rich. Germany’s new energy and economy minister Sigmar Gabriel is expected to announce a plan to cut renewable energy subsidies later this week in an effort to keep electricity prices down. That will be a step in the right direction, but significant damage has already been done.
And all in the name of junk science and pseudo-religion.
Also, fuzzy wording. As Glenn notes: “…she’s a Harvard-trained lawyer, but says she can’t express herself with precision. Is this what feminism looks like?”
If too many shadow lenders go under, China’s credit-dependent economy might slow down too much. Of course, this might happen no matter what the government does. Shadow banks have made so many loans the past five years that it’s hard to believe a lot of them won’t go bad. They can borrow more money to try to hide any losses, but that wouldn’t be easy if inflation and interest rates rise. The worst of the worst would go bust, and people might panic once they discover that their guaranteed returns were neither. They might already be. China’s biggest bank just announced that it won’t make investors whole after it sold them a trust product called “Credit Equals Gold #1″—yes, that’s really what it’s called—that looks likely to lose money. It’s China’s version of Wall Street selling people crappy CDOs it told them were risk-free.
