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xenotran:

the-unpopular-opinions:

As a Latin American, I get really disappointed when I see people in the U.S. who are socialists. After all Latin America has passes through… I just can’t believe there are still people in the U.S. who believe socialism works.
Che Guevara used to rape women and kill innocent people. Seriously, he literally used to get horny with blood of the people he used to kill. He was a mass murderer thristy for blood. Fidel Castro isn’t so different. The Cuba Dictatorship killed about 87.000 people, and still kills to this day. According to Forbes, Fidel Castro is richer than the queen of England. Cubans are his slaves. Cubans work really hard and their wage is only 30 fucking dollars per month. 360 fucking dolars per year. Hell, even the daughter of Fidel Castro hates her father and truly believes he is a murderer.
Not to mention Venezuela, Argentina and Brazil, that are in their way to live in a dictatorship (although Venezuela is already one) and they have extreme violence. Venezuela is living in a civil war right now; Argentina has the biggest inflation in America Latina; Brazil has 50-70 thousand homicides PER FUCKING YEAR. I live in Brazil and the president is trying to censor the internet (her party created a law that regulates the internet), so maybe this is the last time I can complain about it here!
And then there are Americans who still think socialism works. GO FUCK YOURSELF. Socialism ruined Latin America and is till ruining and you still think socialism works! I would love to escape from here and move to Texas, because living in the U.S. is still way better than living here, but you fucking idiots don’t fucking realize that.
I just can’t believe that are still Americans who believe in socialism. I can’t believe it.
Oh, and also, Obama is fucking idiot who doesn’t even care what’s happening in Venezuela right now, and he’s also pro-Russia. 
Sorry about the bad English. I’m not fluent yet.

Venezuela is absolutely a dictatorship already. And it’s a puppet state of Cuba as well.

xenotran:

the-unpopular-opinions:

As a Latin American, I get really disappointed when I see people in the U.S. who are socialists. After all Latin America has passes through… I just can’t believe there are still people in the U.S. who believe socialism works.

Che Guevara used to rape women and kill innocent people. Seriously, he literally used to get horny with blood of the people he used to kill. He was a mass murderer thristy for blood. Fidel Castro isn’t so different. The Cuba Dictatorship killed about 87.000 people, and still kills to this day. According to Forbes, Fidel Castro is richer than the queen of England. Cubans are his slaves. Cubans work really hard and their wage is only 30 fucking dollars per month. 360 fucking dolars per year. Hell, even the daughter of Fidel Castro hates her father and truly believes he is a murderer.

Not to mention Venezuela, Argentina and Brazil, that are in their way to live in a dictatorship (although Venezuela is already one) and they have extreme violence. Venezuela is living in a civil war right now; Argentina has the biggest inflation in America Latina; Brazil has 50-70 thousand homicides PER FUCKING YEAR. I live in Brazil and the president is trying to censor the internet (her party created a law that regulates the internet), so maybe this is the last time I can complain about it here!

And then there are Americans who still think socialism works. GO FUCK YOURSELF. Socialism ruined Latin America and is till ruining and you still think socialism works! I would love to escape from here and move to Texas, because living in the U.S. is still way better than living here, but you fucking idiots don’t fucking realize that.

I just can’t believe that are still Americans who believe in socialism. I can’t believe it.

Oh, and also, Obama is fucking idiot who doesn’t even care what’s happening in Venezuela right now, and he’s also pro-Russia. 

Sorry about the bad English. I’m not fluent yet.

Venezuela is absolutely a dictatorship already. And it’s a puppet state of Cuba as well.

(via stuff-that-irks-me)

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stuff-that-irks-me:

In her speech at the New York Economic Club on Wednesday, Janet Yellen said it is “quite plausible” the economy will reach full employment in a couple of years with just the right amount of inflation, which to her mind means 2% a year. (LOL)

If the economy surprises her, the Fed will “systematically respond to unforeseen economic developments.” But what exactly does this mean? How will the Fed respond?

The Fed has already made loans available to New York and foreign banks at negative real interest rates and created trillions of new dollars—all without support from either history or theory. What other steps could follow?

Here are a few of the radical ideas floating around the halls of the Fed and associated Keynesian economics departments:

1. Take a leaf from Japan by forcing banks to lend in return for Fed support.

2. Require banks to charge negative interest. This means that depositors would lose money if not used. Ms. Yellen voiced support for this idea in 2010. Some supporters of NIPR (negative interest rate policy) would like to eliminate cash entirely, because electronic money is more easily controlled.

3. Hold interest rates down but simultaneously drive inflation up to as much as 5-6% (we are already there!). With real interest rates at negative 5%, borrowing will soar. What isn’t clear in this scenario is why lenders will want to lend, but this idea is supported by leading lights of the Harvard economics department, and let’s not let reality intrude.

4. Create even more money and use it to buy corporate bonds, stocks, real estate, anything that can be bought, which will flood the economy with money.

Some of the ideas waiting in the wings are not monetary. They include:

5. The government should set an annual borrowing target for the economy. If it isn’t being met by the private sector, government will itself step in and borrow to achieve the target. In this proposal, it doesn’t really matter how the borrowing is used. Quantity, not quality, of spending and investment is all that counts.

6. The government should issue bonds that will never be repaid. Not simply replaced with new bonds as at present—never repaid ever.

7. Employers should have to seek government permission to lay off or fire a worker. This idea of Paul Krugman’s is already true to a large degree in France, with the result that employers are very reluctant to hire anyone. (straight from Atlas Shrugged)

What all these Keynesian ideas have in common is the belief that a crash caused by too much bad debt can be cured by more debt. They also assume that the very government price controls and manipulations that have caused massive unemployment can be used to undo the damage.

Unfortunately these are precisely the ideas guiding Janet Yellen and the other Keynesian PhD’s guiding world economic policy today.

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stuff-that-irks-me:

How decides what is kept secret? Who watches the watchers?

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stuff-that-irks-me:

On Wednesday, the U.S. Energy Department announced it will begin doling out $4 billion in taxpayer-funded loan aid to renewable energy companies. 

"We’re back in business," Peter Davidson, executive director of the department’s loan programs office, told Reuters. “We really want to go back to … doing very valuable work for our economy going forward.” 

Obama’s controversial DOE green energy loan program sparked a firestorm whenGovernment Accountability Institute (GAI) President Peter Schweizer revealed that 80% of all $20.5 billion in DOE loans were given to Obama’s top campaign donors. In his New York Times bestseller Throw Them All Out, Schweizer called the Obama green energy loan slush fund “the greatest—and most expensive—example of crony capitalism in American history.”

The Obama administration, however, now says that in the wake of the Schweizer revelations and the Solyndra scandal that funneled $535 million in loan guarantees to Obama bundler George Kaiser, the DOE has implemented improved due diligence and loan oversight practices. (LOL)

Supporters of free market competition ask why the Obama administration is using taxpayer money to invest in favored companies with crony connections at a time when the U.S. national debt is at $17,581,532,044,819.00 and climbing.

Just in time for next election cycle?

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stuff-that-irks-me:

A grocery store owner in Bridgeport, Connecticut, was charged Thursday with buying food stamps from 128 customers and using the proceeds to buy $45,000 in bulk merchandise to resell in his shop, including 1,200 cases of Red Bull.

Aslam Khawaja, of Iranistan Avenue, claims he was only trying to help the poor.

If convicted, Khawaja could face up to 20 years in prison and/or a $15,000 fine.

Connecticut is not alone in combating what the Wall Street Journal dubbed the "food stamp crime wave."

In February, Dallas authorities charged Kamardeen Ogunleye and manager Robert Gordon with running a food stamp scheme that cost taxpayers $1,900,000.

In Baltimore, Abdulmalik Abdulla and Ahmed Mohssen were charged in January with running a food stamp scam that cost taxpayers $1,500,000.

Two illegal immigrants from Korea, Hyung Cho and Dae Cho, were sentenced in February for food stamp fraud that cost taxpayers $1,400,000.

Abdullah Aljaradi, of the Second Obama Express and D&M Deli and Grocery, was indicted for allegedly obtaining more than $2,000,000 in payments for food sales that never occurred.

In Tacoma, Washington, the owner of La Popular Cash and Carry, Sandra Flores, was sentenced to 30 days incarceration and a $120,000 fine for running a food stamp scam.

In Arizona last year, authorities seized nearly $700,000 in cash when they broke up a food stamp fraud ring.

Abdo Mohammad Nagi was indicted for allegedly bagging $1,200,000 in payments for food sales that did not happen.

John Cunningham was indicted for over $348,000 in food stamp fraud.

Last month, Texas authorities arrested Irene Hernandez, Esther Sanchez, and Joleen Garcia in a food stamp scheme that cost taxpayers over $200,000.

Jung Kim was indicted for $600,000 in food stamp fraud.

According to the Department of Agriculture, which runs the food stamp program, the federal government overpaid food stamp recipients by $2.1 billion in 2013.

Since January 2009, the number of individuals on food stamps has skyrocketed from 31.9 million to 46.5 million.

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stuff-that-irks-me:

Facing mid-term elections and burdened with persistently high unemployment, President Obama is playing the race, gender, and class cards. Fabricating fear and injustice, such tactics keep the economy in slow gear and make worse the very people the President professes to help.

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stuff-that-irks-me:

California’s Obamacare exchange enrolled the most people in the nation, but San Francisco hospitals and doctors have yet to see an uptick in patients, reportsthe San Francisco Business Times.

Here’s the mystery: Why aren’t Bay Area doctors’ offices, hospitals, clinics and other health care providers being inundated with patients?” asks reporter Chris Rauber.

Indeed, health industry analysts expected that “pent-up” demand for overdue procedures and tests would correspond with an increase in doctor visits by the newly-insured. But so far that is not happening.

Health Access California Executive Director Anthony Wright hypothesized that perhaps people do not know how to use their new insurance.

"Some of the new folks may not know how to use the health system yet," said Wright.

Another explanation may be that the newly-insured are only now learning what high deductibles mean.study last year in the Journal of Health Economics found that just 14% of individuals who have health insurance could accurately answer four basic questions about policy terminology, including what a “deductible” is.

Another possible explanation is that the vast majority of people who have signed up for Obamacare already had insurance. Indeed, Obamacare canceled five million individuals’ insurance policies, thereby forcing them to either sign up for Obamacare, seek coverage elsewhere, or remain uninsured.

Finally, some Californians are learning that Obamacare’s narrow networks – extreme restrictions of access to doctors and hospitals – may mean that nearby doctors and hospitals do not accept their Obamacare plans. As Breitbart News reported, some California plans force patients to drive over 100 miles to find the nearest doctor who will accept their Obamacare insurance.

Obamacare will cost U.S. taxpayers $2.6 trillion over the next ten years.

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World’s strongest dad - Team Hoyt 

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