Week in review

Quote of the week

“Power always thinks it has a great soul and vast views beyond the comprehension of the weak; and that it is doing God’s service when it is violating all his laws.” – John Adams

What You Can Expect from Socialized Medicine

by Linda Brady Traynham

“If anyone here will admit to being an attorney, please take a shot at explaining the Constitutional justification for government controlled medicine, since it obviously isn’t going “to promote the general welfare.” While you’re at it, explain how anyone can justify making it a crime for a duly trained and licensed doctor to treat patients who seek his care.” more…

How Unions and Governments Destroy Businesses

by Bill Bonner

“Who will the U.S. government put on the board of directors of General Motors?

“A) A political hack
“B) An industry hack
“C) A far-sighted maverick who will shake up the business and put it on the road to growth and prosperity

“If you answered ‘C’ – you are from another planet. There is a reason neither governments, nor workers should own businesses. In the following, roundabout way, we explain why…

Attack on the Chrysler Capitalists

by Peter Schiff

“Giving control of Chrysler, and soon GM, to the UAW and the government will enshrine a culture of failure and seal Detroit’s fate. Both companies will become government-sponsored entities, not too dissimilar from Amtrak or the Post Office, forever relying on taxpayer funds to create products of dubious quality.” more…

“War on Terror” Alive and Well in Obama Regime

by Luke Slayton

“[W]hen the government is granted undue power to fight ‘terrorism’ we had better be damn well sure we know what ‘terrorism’ means. There never seemed to be any question among the American public under President Bush. A terrorist was an insurgent in Iraq, a Taliban fighter in Afghanistan, or a suicide bomber in London or Madrid. But now, under the Obama regime, those concerned about gun regulation, unadulterated immigration, disgruntled returning veterans, or anyone else opposing the political agenda of the new regime falls under the category of a potential terrorist. The same terminology that has been used to describe the former is now being used to describe the latter. American patriots concerned about our current radical growth in government are being compared to al-Qaeda. So the next time you hear the word ‘terrorist’ or ‘War on Terror,’ ask yourself what that might mean, because it isn’t so obvious anymore.” more…

In the news…

  • Adam Kokesh is running for Congress in New Mexico’s northern district.
  • The Montana legislature is considering legislation that would exempt Montana from federal firearms laws insofar as those firearms were manufactured and kept in Montana. Come to find out, the law has passed. Here’s a short article about all of this.
  • The DHS has issued a “lexicon of domestic extremism”. It’s short, please have a look at it. Then have a read of the “War on Terror” article above.
  • HR1966 says: “Whoever transmits in interstate or foreign commerce any communication, with the intent to coerce, intimidate, harass, or cause substantial emotional distress to a person, using electronic means to support severe, repeated, and hostile behavior, shall be fined under this title or imprisoned not more than two years, or both.” It’s in committee. Hopefully lost in committee.
  • The official unemployment number is 8.9%. A trip to Shadow Stats might be in order.
  • OpenOffice 3.1 is released.
  • The US Air Traffic control system has been hacked “several times in recent years”.
  • HR1207 has 143 co-sponsors!

Now the numbers…

DOW Jones Industrials – 8,574.65 (+362.24/4.41%)
S&P 500 – 929.23 (+51.71/5.89%)
VIX – 32.05 (-3.25/-9.21%)
CSI 300 (China) – 2,789.219 (+166.293/6.34%)
BSE 500 (India) – 4,346.69 (+206.27/4.98%)
MICEX (Russia) – 1,028.91 (+108.56/11.80%)
BOVESPA (Brazil) – 51,395.99 (+4,106.459/8.68%)
RICI – 2,788.99 (+177.13/6.78%)
Gold/oz – 917.30 (+29.10/3.28%)
Silver/oz – 14.005 (+1.505/12.04%)
Copper/lb – 214.55 (+4.45/2.12%)
Oil/bbl (Brent) – 58.14 (+5.29/10.01%)
Wheat/bu (CBT) – 591.00 (+21.00/3.68%)
Corn/bu – 421.00 (+7.25/1.75%)
EUR-USD – 1.3634 (+0.0362/2.73%)
USD-JPY – 98.47 (-0.645/-0.65%)
USD-BRL – 2.0602 (-0.1138/-5.23%)
3 Month Treasury – 0.17 (+0.03/21.43%)
2 Year Treasury – 0.98 (+0.07/7.69%)
10 Year Treasury – 3.29 (+0.14/4.44%)
30 Year Treasury – 4.27 (+0.20/4.91%)
U.S. Public Debt – 11,256,266,640,050.19 (+17,674,498,091.60/0.16%)
Baltic Dry Index (BDIY:IND) – 2214.00 (+408.00/22.59%)

It’s Saturday morning, so needless to say I’m late getting this out and so I’m going to keep it brief.

The Washtenaw County C4L group is going to be collecting signatures for HR1207 this morning. If you’re reading this and it’s before noon on Saturday (today) and you would like to help get in touch with Seth. Also, a reminder to folks in this area, our twice monthly breakfast is next Saturday, May 16th at 8AM at the City Limits Diner in Saline. Roughly the topic is HR875 and agricultural regulation generally. Hopefully there’ll be a few new faces!

That’s it for today. Have a great weekend!

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