Everyone Loves A Holiday -Except Maybe A Bank Holiday

June 14, 2012

We live for holidays right? Sure, especially if you’re fortunate enough to be employed. Who doesn’t love those 4-day weekends?

But I’m not talking Veterans Day, Christmas or 4th of July. I mean a bank holiday as in the 1933 sense of the word. Let’s back up and recall from history a somewhat common occurrence during our last Great Depression. By 1932 nearly nineteen hundred banks went out of business due to runs on banks. Mere rumors could force a bank to close when depositors smelled collapse and withdrew their money en masse. Many lost their life savings overnight.

A bank run in the Great Depression. Detroit, MI
Deja Vu?

In 1933 President Roosevelt declared a Bank Holiday from March 6 to March 10th suspending all transactions except making change.

Yikes! What would that look like today? Panic may not be hyperbole. We’re fairly inter-twined. Too connected if you ask me. Sure it’s convenient, but doesn’t cloud computing, all the hacking and the mostly ignored cyber threats sort of give you pause? It does me. Searching shoes on Zappos and then getting pop-ups for the same brand for the next 3 weeks on every website I go to -that creeps me out!

Not just the global thing; the Euro problems dragging us down and all that. Why do you think the stock market keeps doing the up and down jig on the stupidest news -all bad, from the European Central Bank, own Fed or slow growth numbers in China? Not to mention the Jon Corzines and Jamie Dimon’s of our world.

According to SurvivalBlog, all printed U.S. currency and minted coins amounts to less than $800 billion worldwide. Your bank account is just electronic digits.

Ponder if you will these factoids:

  • All new Social Security recipients receive benefits by direct bank deposit only
  • All checks in the US are cleared through the Automated Clearing House (ACH) network. Pan-European Automated Clearing House (PE-ACH) network does the same for Europe.
  • Military pay, housing allowances, military retirement & most government assistance benefits are by direct bank deposit
  • Credit & debit cards operate in the same electronic manner
  • What would happen if gas and diesel purchases became “cash only”? Ditto for grocery stores?
  • Food stamps aren’t coupon booklets any more, but EBT cards (Electronic Benefit Transfers)
  • Internet businesses will be disrupted or brought down in the event of any system wide cyber failure
  • Mortgage payments and automatic bill-pay; yep more and more automated

Under a bank holiday not only will bank accounts be frozen, but virtually every thing else will be too. Maybe barterable tangibles, emergency cash on hand & food storage isn’t just for the kooks any more. They say “prepare for the worst and hope for the best”, but like hurricane preparedness, most of us probably won’t do this either.

Aloha, Mikie

~Remember:  The government has NO resources. They produce NOTHING. They can only take from one group and give to others they feel more worthy of their largess (buying votes). Support tax reform!

Sleeping With The Enemy; Blacks & Other Minorities In Government-Aided Downward Spiral

June 7, 2012

Yeah for Scott Walker! He proved to Wisconsin and the nation, that sound fiscal policy can win out over favoritism politics. Exit polls show 38% of those voting for Walker in the Governor’s recall election were union members or came from union households.

What I want to know is when will minorities -particularly African Americans, stop sleeping with the enemy? (hat-tip American Thinker) What do I mean? I mean why do they robotically vote for Democrats over and over and over? Democratic programs like food stamps, affirmative action and welfare when surveyed in the rear view mirror after multiple generations have gone that route, have proven unsuccessful. Not only unsuccessful, but overwhelmingly detrimental to minorities. Too many people- across all ethnic groups today rely on government safety nets instead of their own motivation of succeed.

“Today’s government is yesterday’s plantation” according to Blacklash author, Deneen Borelli. (start around 0:33)

Thomas Sowell, an African American author and economist subscribes to the “pull yourself up by the bootstraps” philosophy. He believes that government intervention to ensure a fair playing field has hurt blacks chances for equality making them more reliant on favors or handouts and less able to compete.

Effective policies to help African Americans says Sowell, should be built on the strengths of African American institutions and families, but government has done an excellent job of destroying the family and made victims of African Americans by fueling racist sentiment. The Reverends are old hands at this, as is our own President and really most of the Democratic party.

The nation’s first African American President has severely damaged his fellow blacks. He who promised to unite us. You know the post-racial and post partisan president? All he has done is divide us; by race, gender, income and sexual preference.

Aloha, Mikie

~Remember:  The government has NO resources. They produce NOTHING. They can only take from one group and give to others they feel more worthy of their largess (buying votes). Support tax reform!

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