#MCHM Spill Meets Att & Esq

Posted: March 3, 2014 in Anarchy Journal Constitutional
Tags: , , , , , ,
0

by @anarchyroll
3/2/2014

| Previous articles about the West Virgina MCHM Chemical Spill can be found here & here |

When 10,000 gallons of an understudied, hazardous chemical leaks into both the water supply and water treatment system for 300,000 people, there are no happy endings. But in America, getting paid is a happy ending, especially for those who live paycheck to paycheck in place of seeking their unique purpose in the world. 20 lawsuits have already been filed related to the West Virginia Chemical Spill that took place last month.

The water utility company, chemical manufacturer (of MCHM), as well the now notorious Freedom Industries (the chemical company whose physical holding companies leaked) are all named in various lawsuits that will likely be compiled into one large class action suit akin to what Gulf Coast residents did with BP after the Deep Water Horizon oil leak.

Freedom has already filed for bankruptcy ahead of the pending litigations against them. If we’re all lucky perhaps Freedom’s current president Gary Southern and ex con ex president Carl Kennedy III will go to jail instead of having their bank accounts raided.

Hopefully the business owners, workers, and anyone who drank, cooked, or bathed in that water will get a payday to pay their current and future massive medical bills related to the poison their bodies brought in.

And maybe other states who publically criticize regulation of industry, as West Virginia was known to do, will learn the lessons of those in the meat packing industries at the turn of the 20th century. Without government regulation, industry will kill and destroy anything and everything around them to make and keep profit.

#TaxCode Changes Put on the Table

Posted: March 1, 2014 in Excess and Algorithms
Tags: , , , , , , , ,
0

eanda logoajclogo2by @anarchyroll
2/27/2014

There are very few things that can actually change the American and/or global economy. The reason there are few things is because each one is not just big but gigantic in scope, nature, and application apparatus. A overhaul of the US tax code has been proposed by Michigan Republican David Camp of Michigan.

The banks hate it, retailers love it, Democrats say it’s dead on arrival, and Republicans aren’t really saying anything since it involves raising taxes on top earners. But it is a start, it is a physical, tangible bill, put on the table. The White House has acknowledged at least that much.

Many tax exemptions and tax breaks would be eliminated. Taxes would go down for individuals but go up for companies and corporations that earn X number of dollars. Income earned from investments would be taxed more which is very important. But there are multiple aspects that will prevent it from going anywhere, but it’s a start.

979 pages, which is the length of the bill, doesn’t exactly scream…simplified. But there must be a starting point on this issue, there must. The tax code in the United States is ridiculous and causes more problems than it solves. It favors the rich and hurts the poor. Too much money is hidden, sheltered, and shipped offshore, all of which must end.

Warren Buffet has famously said he should not pay a lower marginal tax rate than his secretary. The fact that is currently the norm, tells you all you need to know about the current tax code and tax policy in the United States. David Camps starting point is truly nothing more than a starting point but you can’t walk before you crawl. Camp’s bill begins the crawl forward, and forward is always the way to go.

#NSA Tries to Pass the Buck to #FBI

Posted: February 26, 2014 in Anarchy Journal Constitutional
Tags: , , , , , , ,
0

by @anarchyroll
2/26/2014

Nothing quite says business as usual in Washington DC like simply creating the illusion that change is being enacted. The latest chapter in the NSA bulk surveillance fallout thanks to Edward Snowden’s whistleblowing is the NSA trying to hand off and wash their hands of the metadata bulk collection to the FBI.  Republican Jim Sensenbrenner from Wisconsin has become the legit face of the anti NSA movement for those who consider what Glenn Greenwald and Edward Snowden did wrong.

Sensenbrenner’s stance is very simple; “Bulk collection has never been authorized by Congress and I intend to stop this blatant abuse of the law.”

Privacy advocates and the ACLU object to FBI option, as well as the other four options being considered since the FBI’s history of abusing the civil rights of the American public is, quite ripe. A full breakdown of the proposal is available at The Guardian. That is the news source Greenwald was working at when he first interviewed Snowden in June which became the whistleblowing bananza.  So they are always a trustworthy source for most hard news stories internationally.

Ronda Rousey; Both #MMA Pioneer & Fraud

Posted: February 26, 2014 in Anarchy Journal Constitutional
Tags: , , , , ,
4

potatoshooterlogosportsrollby @anarchyroll
2/22/2014

The UFC creating a women’s division to exploit the sex appeal of Ronda Rousey, which make no mistake about it is what they’re doing, is the equivalent of NASCAR creating an all women’s driving circuit for Danica Patrick.

If you were surprised that the main event of UFC 170 was a disappointment, you haven’t been paying attention to the career of Ronda Rousey. Which is the norm, most mma fans (men) pay attention to her body as opposed to her body of work. The only entertaining fight Rousey has had was her rematch with Meisha Tate, and that fight came at after the first co-ed season of The Ultimate Fighter, cough cough.

I’m not trolling Rousey, she’s an Olympic medalist. She pays her taxes, she earns her money by putting her body through a rigorous training schedule, followed by putting in on the line in hand to hand combat. She is also a fraud, she is nothing more than Gina Carano with the ability to lock on an arm bar, against a field of competitors who don’t know how to defend it.

Just like how Royce Gracie was great in an era where fighters had no clue how to defend or attack ju jitzu. The difference of course is Royce had the balls or in the case of Rousey, courage to fight anyone in ANY weight class. Rousey, as you may or may not know, is ducking the real best female mixed martial artist in the world Cristiane “Cyborg” Justino.

If Rousey is such a great, legendary, pioneer, why won’t she put on the ten pounds and fight Cyborg? Because Rousey is the champ? Sorry, both were Strikeforce champions and Dana White made the choice to hand Rousey a UFC Title at a press conference, as opposed to, oh I don’t know, a tournament or at least a fight to determine the champion.

If the UFC was serious about women’s MMA they would have either awarded both Rousey and Cyborg or made Rousey move up weight since Cyborg has been fighting longer and has a better professional record than Rousey. What does Rousey have going for her that Cyborg doesn’t? See picture below.

Ronda Rousey is a good person and is a women’s MMA pioneer because she has gotten over in the mainstream. But she was handed her title at a press conference and fights in a division of feeders, because there is no women’s MMA yet. Don’t believe me? Go ask Invicta FC what their average live attendance figures are.

Three, five, ten years from now women’s MMA will be vibrant and thriving. But not now. Now it is just a two woman sport. They are separated by ten pounds. One is hot, the other is not. And if you think for one second that Rousey isn’t being exploited and promoted for her sex appeal more so than her athletic ability…then I have a bridge and a time share I’d like to sell you.  Think I’m just a sexist? Well, then why does Rousey repeatedly talk about in interviews how having more sex before fights helps her get into better shape? The only male equivalent to that, is GSP talking about how his coaches make him stay abstinent during training.

Stop posing naked, stop talking about how fucking a lot makes you a better fighter, and fight the more established, better, less attractive fighter who is your equal or better, and people like me will have nothing but respect for Rousey. Until then, she’s just Danica Patrick with her own race track of amateur competition at best.

#MoneyVelocity ; The Economic Recovery’s Gas Pedal

Posted: February 21, 2014 in Excess and Algorithms
Tags: , , , , , , , , , , ,
0

eanda logoby @anarchyroll
2/20/2014

What is money velocity? It is the speed at which the M2 money supply moves from one transaction to another.  What is the M2 money supply? It is all the liquid cash assets in the country from cash, savings accounts, mutual funds, certificate of deposits (CDs), checking deposits, or basically any kind of money stored in any kind of account, or mattress if you’re old and senile.

How can money velocity be used to gauge economic strength? Because money velocity ends up being the ratio of the size of a country’s economy to the size of the money supply. So there shouldn’t be more cash than there is gross domestic product (GDP) or less than. If there is more/less, then inflation/deflation occurs as a market correction.

I may sound very smart with the above explanation, but a recent article in Bloomberg Businessweek did all the heavy lifting for me. The article is short, quick, to the point, and keeps everything in plain language, as I try to do with this blog.

The concept of money velocity fascinated me because; I had never even heard or come across the term before, was unaware it is a relatively accurate economic indicator, and was surprised that the slower money moves the safer we are from inflation or another recession. Why is that? Hasn’t the Fed been flooding the markets with freshly printed money for over three years? They have, but people and businesses aren’t spending it, they’re saving it. Which is good for now because inflation could stop the economic recovery in its tracks.

But the money will have to start flowing sooner than later. Especially as QE gets tapered off over the next 18 months. Fading out QE and fading in inflation wouldn’t do much damage to the economy. It would be like getting autumn before winter or spring before summer, our bodies acclimate to the changing weather because of a gradual transition. This could be the case with money velocity. It was refreshing to learn that the low money velocity we are seeing now is historically normal, and has in the 60s and 80s preceded boom periods.

But those booms were just bubbles. We all must keep one eye on Wall Street to make sure that our country isn’t held hostage by a bursting bubble again. That is why they teach consumer ed in high schools folks, it’s not just to give an elective teacher a pay bump.

So now you know what money velocity and M2 money supply are. It’s used as an economic indicator because of its ratio to GDP. Lower velocity means lower prices and deflation while higher velocity means higher prices and inflation. Drop those in conversation at the cocktail lounge but not the night club, depending on how fast you want to move the cash in your wallet to keep the other parties interested…

Older Entries
Newer Entries