The World’s Largest Ponzi Scheme
Posted By: DVC, 7/2/2023 3:11:52 PM
“Ponzi Scheme” is a term that was coined about 100 years ago. It was named after an Italian immigrant, Charles Ponzi, who realized he could get investors by promising large returns for undefined, high-yield investments. His endeavor needed to make just enough money to keep attracting new investors, whose money, after Ponzi’s cut, was used to pay some of the earlier investors. In our modern day, Bernie Madoff’s Ponzi scheme resulted in losses in the billions of dollars when the stock market tanked during the Great Recession. Selling the Deal Americans are just beginning to see the tip of the iceberg of their own trillion-dollar Ponzi scheme, Social Security (“SSA”).
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Last week, the Supreme Court handed down 303 Creative LLC v. Elenis, in which it held that the government cannot force people to engage in expressive speech that offends them. Two days later, Al Franken put out a tweet intended to denigrate the decision. Instead, the Harvard-educated “comedian” accidentally revealed just how good the Supreme Court opinion was.
I’m not a huge fan of Supreme Court Justice Neil Gorsuch because it was he who issued the staggeringly incorrect decision holding that the Civil Rights Act of 1964 extends to “gender identity.” However, when it comes to Free Speech, Gorsuch nailed it. In 303 Creative, his decision lucidly explains
The World’s Largest Ponzi Scheme
14 replies
“Ponzi Scheme” is a term that was coined about 100 years ago. It was named after an Italian immigrant, Charles Ponzi, who realized he could get investors by promising large returns for undefined, high-yield investments. His endeavor needed to make just enough money to keep attracting new investors, whose money, after Ponzi’s cut, was used to pay some of the earlier investors. In our modern day, Bernie Madoff’s Ponzi scheme resulted in losses in the billions of dollars when the stock market tanked during the Great Recession.
Selling the Deal
Americans are just beginning to see the tip of the iceberg of their own trillion-dollar Ponzi scheme, Social Security (“SSA”).
The Supreme Court handed down a definitive ruling against the use of racial preferences in college admissions, declaring in a 6-3 decision on Thursday: “Eliminating racial discrimination means eliminating all of it.”
The syllabus opinion in Students for Fair Admissions v. President and Fellows of Harvard College notes that any exceptions to that principle — based on the Equal Protection Clause of the Fourteenth Amendment to the U.S. Constitution — “must survive a daunting two-step examination known as “strict scrutiny.” Unless the discrimination is for a “compelling” government interest, and is “necessary” to achieve it, it is unconstitutional.
Months after that humiliating 37-point loss of her Wyoming congressional seat in to attorney Harriet Hageman, Liz Cheney apparently is still stewing.
According to The Hill:
Former Rep. Liz Cheney (R-Wyo.) suggested Monday that the problem with American politics is that “we’re electing idiots.”
“Look, I think that the country right now faces hugely challenging and fundamentally important issues,” Cheney said at an event with the cultural and community center, 92nd Street Y, New York. “What we’ve done in our politics is create a situation where we’re electing idiots.”
Cheney, who is a staunch opponent of former President Trump
Movies are sometimes a Rorschach test regarding how one views the world. Like Rorschach tests, they can leave observers scratching their heads. As an example, my top 10 movies are probably, in no particular order, Gladiator, Tombstone, Braveheart, LA Confidential, Valley Girl, Lost in Translation, Galaxy Quest, Trading Places, Love Actually, and maybe Titanic.
I’m not sure what that list says about me, particularly the inclusion of Valley Girl, but I’m sure some psychiatrist somewhere could say there’s something to be taken from it. The one thing I can observe from my list is that most of my movies have a good guy vs. bad guy conflict
The Lost Submersible As an Analogy
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When the Titanic sank, G.K. Chesterton wrote an essay called “The Great Shipwreck As An Analogy.” Now that this same ship has unexpectedly become the site of another tragedy over a century later, I take the liberty of doing likewise.
One must first, of course, say a prayer for the souls of our unfortunate fellow creatures inside the Titan and for their grieving loved ones. [snip]
It is one of the marks of modernity that, having overcome various natural discomforts and challenges through feats of engineering, we tend to fancy ourselves as having conquered nature entirely.
On Friday’s broadcast of C-SPAN’s “Washington Journal,” Rep. Brad Sherman (D-CA) stated that the United States’ “big mistake” on China was when we granted China most-favored nation trade status, because giving them that status led to a horribly lopsided trade relationship with China and argued that the way to bring needed change to our trade relationship with China is to impose “tariffs on Chinese goods across the board” that would be far stricter than the tariffs on China imposed under the Trump administration.
Steve Milloy, long-time editor and founder of JunkScience.com, announced an explosive exposé this month in an extended article. Government and private scientists in radiation safety have been attempting to cover up a pattern of misconduct and hijack the Health Physics Society, a professional organization of radiation safety experts and officials, to take down the society's series of twenty-two videos featuring Dr. Ed Calabrese, which exposes a longtime scam in radiation safety matters.
The issue is Linear No Threshold Toxicology — LNT for short, also called the "one hit" theory of toxic radiation genetic mutation. These bad actors have also conspired to censor and silence Calabrese
Those conservatives rightly outraged at the Trump indictment keep comparing his treatment to that given to Hillary, Biden, and Pence, each of whom admitted to violating national security laws. That’s the wrong argument because Trump is not similarly situated to those lawbreakers. Instead, because he was president when he took possession of the documents, Trump cannot be guilty of the crimes with which he’s charged.
It starts with the Constitution, which created three equal branches of government: The legislative branch (Art. I), the executive (presidential) branch (Art. II), and the judiciary (Art. III). As part of his authority as the nation’s chief executive
Recently much has been said and written about gas stoves causing childhood asthma, justifying politicians moving to ban residential gas stoves. We reviewed the epidemiology studies used to support the ban in a recently published study. We demonstrated that the studies were unreliable and there is no basis for the claims made. This essay sums up our findings.
NO2 and asthma
[snip]
Allergens are the basic issue in asthma. Allergens are carbon-based and are mostly protein substances. For example, pollen and plant parts; biological fragments shed from furry animals, rodents, cockroaches, dust mites; and fungal detritus can cause allergenic asthma reactions.
Following the news of a dramatic rescue of four children lost in the Amazon jungle, Colombia's far-left president, Gustavo Petro, praised the children who survived in that fearsome wilderness for 40 days as "children of the jungle."
"The jungle saved them" Petro said. "They are children of the jungle, and now they are also children of Colombia.
"Children of the jungle"?
That's like calling children who survived a nuclear meltdown "children of the reactor" or kids who survived under earthquake rubble "children of the temblor." Does anyone call champion surfer Bethany Hamilton, who was injured in a shark attack as a young girl a "child of the shark"?
The Social Security dilemma
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The experts at the Tax Foundation fret that the current debate about extending the debt ceiling has lost track of the fact that Social Security is a major contributor to our growing deficit and debt crisis.
They may be right about the fiscal ADHD on Capitol Hill, however, let’s make sure we are keeping track of the right discussion. It is true that both the growing deficit and long-term stability of Social Security are valid concerns that should draw the attention of Americans. These issues deserve the attention of all voters -- just not in the same sentence.
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Employing the euphemism “affirmative action,” President Biden’s press secretary claimed that there is a constitutional right to receive preferential treatment based on one’s race. She was discussing recent Supreme Court decisions on MSNBC with host Ari Melber, and made the extraordinary claim without citing any language in the Constitution – because of course there isn’t any to support her and, contrarily, language in the 14th Amendment that prohibits it.
The bogus claim came a minute into a nearly 5 ½ minute, very friendly interview, and did not elicit any pushback from the host, or even any audible reaction to the claim.
Amazon tech guru: Eating less beef, more
fish good for the planet, and AI helps
us get there 31 replies
fish good for the planet, and AI helps
us get there 31 replies
Amazon’s top technology officer told the United Nations this week that people will need to eat more fish and less beef if they want to protect the environment, and said artificial intelligence is a tool that is already helping to make that happen.
Dr. Werner Vogels, chief technology officer and vice president of Amazon, told the "AI for Good" global summit in Geneva this week that AI is helping rice farmers and other food producers around the world be much more efficient. However, he said AI will also play an important role in making sure food comes at a lower cost to the environment.
White House national security adviser Jake Sullivan claimed during a briefing on Friday that Ukraine will be careful with American-provided cluster bombs.
Sullivan confirmed reports that President Joe Biden will supply Ukraine with cluster bombs, which much of the world has vowed not to use due to long-term effects on civilians.
“We recognize that cluster munitions create a risk of civilian harm from unexploded ordinances. This is why we deferred the decision for as long as we could,” Sullivan said. However, he claimed that civilians could be harmed by potential Russian advances into Ukraine.
An archbishop in the Church of England said the opening of the “Lord’s Prayer” is considered “problematic” to some people because the 2,000-year-old prayer starts by addressing God as “Our Father.”
Archbishop of York Stephen Cottrell told the General Synod, the legislating and ruling body of the Church of England, that referring to God as “father” might be offensive to some people because of the negative connotations of patriarchy. “I know the word ‘father’ is problematic for those whose experience of earthly fathers has been destructive and abusive, and for all of us who have labored rather too much from an oppressively patriarchal grip on life,” Cottrell said,
Hillary Clinton threw her full support behind Joe Biden amid a major cocaine scandal currently rocking the White House.
A major cocaine scandal rocked the White House this past week.
Biden has not answered any questions about the cocaine found in the West Wing last weekend after Hunter Biden visited the grounds.Meanwhile, Hillary Clinton is all in for Joe Biden for 2024.“There’s only one presidential candidate who’s working to make life better for parents, and it’s Joe Biden,” Hillary Clinton said on Friday in response to Biden’s vow to provide affordable healthcare to parents.
Maine may soon allow elective abortions up until birth, pending final approval from the state’s governor.
The bill — H.P. 1044, An Act to Improve Maine’s Reproductive Privacy Laws — would allow a woman to receive a late-term abortion at any point if it is determined to be “necessary” by a doctor.It’s likely the legislation will be codified. Maine Governor Janet Mills, a Democrat, introduced the bill in January alongside legislative leadership, both also Democrats: House Speaker Rachel Talbot Ross and Senate President Troy Jackson. At the time, Mills credited the case of Maine woman Dana Peirce as justification for the expanded legalization of abortion.
Trump may have an edge in primary polling, but even he can’t deny that Ron DeSantis is a force to be reckoned with when it comes to fundraising.
On Thursday, DeSantis’s first quarter fundraising numbers were released, showing that he has raised a whopping $20 million since launching his campaign on May 24. Nearly half of that came in the first 24 hours.
The DeSantis campaign shared its fundraising data with Fox News, touting the fact that this haul was the “largest first-quarter filing from any non-incumbent Republican candidate in more than a decade,” and that it even “bests the $18.3 million former president and quasi-incumbent Donald Trump’s campaign raised
This latest development from the Biden administration is concerning on many levels.
The White House is announcing their approval to send cluster bombs to Ukraine in an effort to provide a very deadly and dangerous type of munitions that have been resoundingly criticized by most of the western alliance.(snip) not just dangerous on the battlefield, (snip)notorious for creating collateral civilian damage.
That said, when you overlay the reality of the Ukraine policy, essentially World War Reddit, being driven in large part by a psychological operation(snip)in combination with very unstable people in the U.S. government seemingly playing war (snip); one must also look at this from a Russian
President Joe Biden jetted off to his home in Delaware this weekend after facing a hard week of taking naps in the Oval Office and maybe signing a paper here or there. And don’t forget he has to go into hiding just in time to dodge the press before they ask him questions about the “mysterious” cocaine found at the White House.
With that being said, according to a GOP count, his recent trip to Delaware means he has spent nearly 40 percent—352 days— of his presidency on vacation.
Former secret service agent Dan Bongino is claiming that the only explanation for the presence of cocaine in the White House is that President Joe Biden or his family members brought it inside.
The White House is an 18-acre complex surrounded by magnetometers and checkpoints, Mr. Bongino said in a recent Rumble video, adding that there were only specific ways into the White House, and all of them go through the checkpoints. “Whether it (cocaine) was found in the Lincoln bedroom or in the diplomatic reception room, it doesn’t matter. Somebody had to bypass the security magnetometer checkpoint to get that in there.”
The woke Church of England’s latest assault on the tenets of the Christian religion is apparently the Lord’s Prayer, which the Archbishop of York has criticised for being “oppressively patriarchal” over its reference to “Our Father”.
During a meeting of the General Synod, Church of England’s governing body, Archbishop of York Stephen Cottrell called into question the use of the Lord’s Prayer, branding the prayer offered to Christians by Jesus Christ during the Sermon on the Mount as “problematic”.
The globalist coalition government in The Netherlands collapsed on Friday evening, with Dutch Prime Minister Mark Rutte tendering his resignation to King Willem-Alexander on Saturday, paving the way for elections to be held by November and the possibility of the populist pro-farmer BBB party to come into power.
The fourth government of Mark Rutte, 56, the Netherlands’ longest-serving prime minister, collapsed on Friday evening as coalition partners were seemingly incapable of coming to a compromise on the issue of migration and asylum policy. This marks the third time since coming to power in 2010 that a Rutte government failed to complete a full term in office.
Comments:
All Americans who totally depend upon SS income should be actively figuring how they will be able to deal with the coming SS crash. I have no idea exactly how it will be restructured, but it can't continue like it is.