We dont need no stinkin badges: Wealth without Wall Streets “badges” fees, commissions

Books by Ian Sender

---

Most of the changes in the financial advice business have involved the trend to the commoditization of most financial products. The trend will continue to reduce our commissions, fees, and charges so I am leaving. The old way is dead. The new model has a fee schedule of 0. Most retail brokerage products are structured to provide the firm with revenue and product features that compete well with other retail firms.

It is really the fault of Mr Bogle's Vanguard Group. John Bogle started his index fund of stocks in with a low-cost ownership model. Cost matters is his motto. Stop trying to find the needle in a haystack. Invest in the haystack. Something has happened in the midst of general economic collapse.

People are frequently subject to something that they do not always understand. That leads them to act in their own interest. The financial crisis, like a tidal wave, took away the fears of the people. They realized that their existence is threatened, so they have lost their fear, and today already perceive the Bilderberg Group in a different way. Estulin condemned with harsh words those who worked for secret societies and who have sold their nation for material advantages.

He called them traitors — not only traitors to their people and their nations, but of humanity as a whole. After this, Estulin referred to the fall of the Roman Empire, and to the decline occurred in the 14 th century, to the creation and collapse of the financial bubble of speculation, and then to the start of the historical Modern Times. At this time, new institutions were created.

The conception of the modern nation-state republic under the rule of natural law was born. The citizens have given — as a central role — the mandate of promoting scientific and technological progress to the republic. But the members of the Bilderberg Group want a global empire. That is called globalization. And many people believe that to create an empire, you need money. But money, in itself, creates neither wealth nor economy. Money has no intrinsic value.

The human mind and knowledge determine the development of the planet. The deliberate destruction of world economy. It is not for the first time that the world elite represented by the Bilderberg Group destroys the world economy deliberately: At present, this global elite wants zero growth and zero progress. According to a draft of the Council on Foreign Relations, the controlled disintegration of the global economy is necessary. In , the Bilderberg Group stood beside destruction, namely by planning the destruction of world economy on purpose.

The Great Depression made them even richer by making it possible to take the wealth away from those who produced and operated it, by transferring wealth from people at the hands of those who were already rich. The Bank of America made billions of dollars through foreclosures from to Do not think for one second that the interests of the richest of the rich will be hurt by the forthcoming newer world economy collapse, as a consequence of the second phase forecast by Soros, being still ahead us.

The only losers will be those who do not belong to them. A good example is Greece. They are imposing that the Greek debt is financed by Europe, but that debt is worthless. The observers, usually, can deduce the taken decisions from the events happening after the meeting. Thus, it is interesting what the finance ministers and central bank governors of the G20 , the greatest economic powers of the world, decided about on 7 th June , that is one day after the Sitges meeting.

On their South Korean meeting, the participants to the G20 conference rejected the policy of economic stimulus followed up to then, and abandoned also the proposals for a global banking levy. The financial leaders of the G20 decided to shift to severe fiscal policy , instead of economy-stimulating and growth-incentive measures. They motivated this with the fact that the possibility of the world-scale debt crisis makes the financial system unsure of itself.

In April , the standpoint of the same financial leaders was still that the fiscal incentives should be continued until the private sector and the productive economy strengthens duly. The council of finance ministers welcomed the crisis management measures of countries struggling with high budget deficit. The French finance minister also added that the debt consolidation is more important than the stimulation of economic growth. Treasury Secretary pointed out that restoring fiscal sustainability of the budgets of European states makes the possibility of growth difficult worldwide.

Timothy Geithner found the fiscal rigour inefficient until the confidence of the market was restored. In connection with the global bank levy, the G20 finance ministers agreed that, for the moment, each country should provide for the supervision and taxation of its own financial institutions. They have to reach all this so that they should assure the transparency of their banking system. Nevertheless, the introduction, until the end of , of an international money market regulation will still remain on the agenda. According to the nearly unanimous opinion of the experts surveying the Bilderberg meeting, a possible war against Iran was on the agenda in Sitges.

For the moment, we cannot know whether a decision on this was taken or not. Many experts think that the situation is similar to that one between and Therefore, the global forces working on the creation of the New World Order could possibly use — beyond the economic devices — also the war for the sake of creating the one-world government governed from a single centre as soon as possible. But, in this respect, we can only guess again, and only the events occurring in the future will verify that the analysts were right or wrong.

How could we get out of the world financial crisis? Firstly, we have to answer the question: Each and every man is at the same time and inseparably a natural, a social and a spiritual-intellectual being. The money, as a sign, nevertheless, can measure and convey only one relationship of the man, namely that one which he exerts within a community, as the member of the human society. The role of the man in the division of labour, and the goods produced by him can be, more or less, compared to and measured with the quantitative index numbers. Therefore, when we measure such a complex phenomenon as the interrelation of human communities with each other and with the natural environment, i.

The complete activity reduced to the quantitative side can be described with a sequence of figures. Nevertheless, all these only show what is more or less, or in which order of magnitude it is so. All this lacks the complexity of man as a natural being, and, similarly, we do not get to know anything about all other dimensions of man. This means an extremely great reduction, since all human beings are, at the same time, unique and unrepeatable microcosms. So when we try to express the multiply complex and sophisticated values in money, we undertake an impossible task, which cannot be achieved.

What we consider to be a solution, is nothing else than arranging certain abstract quantitative indexes, and their keeping on file in a certain accounting system. Keeping on file — especially with the development of information technology — has become such an independent institution, that frequently the filing itself is the value, and is more important than that, what the records refer to.

The reduction of the complex phenomena to one-dimension, abstract and homogenous sequences of numbers, of course, makes comparison easier, and, if being numerous is a value, this numeric comparison can even be a measure of value. In essence, in accounting we keep records on claims , which are also used for value measuring.

Gradually, the claims themselves have become means of payment, and, when the business partners settled the accounts with each other, they usually changed claims with each other, as settlements. The claims recorded in the accounting have different profits , and the settling is done by collating the returns or profits. If the banknote representing the numeric relations, i.

If the account money is also included in this banknote in the accounting records, it will be inflated in the same ratio as the banknote. In the accounting, the bank deposit of a client is a claim from the bank. When the bank gives a credit to the client taking up a loan, it is the claim of the bank from the client.

The tool of the bank, which it grows continuously in order to have more profit, is not the liability of the bank. The financial institutions primarily the banks want to multiply their own money instruments and to decrease their liabilities. The more successful a financial institution, an investment fund or a bank is, the more devices it has, and the larger these devices are, the larger the debts of its clients are.

So that a financial institution dealing with crediting should be successful, it should indebt efficiently its clients. These indebted partners themselves can also be banks and financial institutions or investment funds. When, within the banking system, these financial actors reciprocally indebt each other, in fact they produce money within the banking system.

But the banking system has broken away, for a long time, from the value-creating real economy that produces physical goods. The assets and liabilities recorded within the banking system are only sequences of figures , and the raw material of the banking system consists of computing digits. The multiplication, growth of these signs arranged into sequences of figures is possible with different virtual methods. The actor of the real economy — which produces value-bearing physical products and services that satisfy human necessities — strives with the mining, the processing, the development, the transport, the multitude of services, the obtaining of information, and the taxation.

In contrast, the financial sector and the banking network operating within it are a one-dimension factory, which only has to multiply the accounting signs. When the transnational money cartel that had developed the current financial system of the world succeeded in pushing out the state-issued money, and, then, drew under control even the central bank issue moneys substituting the former, could create the interest-yielding credit money monopoly , the money necessary to which was raised by the banking system, in the form of account money.

The state-issued money, the issue bank money , as well as the account money were still connected, to a certain extent, to the value-producing real economy. Nevertheless, due to the interest mechanism, the credit money, connected to the real economy, after a certain determined time, could not grow in the required measure. It would be normal if the signs serving the transmission of the economic life were produced by those who produce the mentioned values, the physical products and useful services. According to the normal order of life, the sign should be secondary, since the primary is what it signals.

Nevertheless, in the case of money, mankind had to face such a sign in such a sphere where the production of signs was totally cut from those who produce the mentioned values. The production of signs became the privilege belonging to only a few people, and passed into the property of a self-designated, narrow and closed group of interest , which made the production of signs its private monopoly.

This group of interest gives in use these signs — essentially produced free — extremely costly to the actors of the value-producing real economy. Until this interest-operated private money monopoly was created, the public power — the state — had produced, as a public service, the signs assuring the communication of the economic life: As long as this system worked, the money could primarily be created only through work and production. At that time, the financial sector was only serving the real economy, and the money, as a sign, was the mediating instrument of the value-producing economy. The organized transnational money cartel took this authority away from the states, and transferred it to an institution invented and spread over by itself, the international network of central banks.

The creation of the central banks was necessary so that there should be such a private institution looking like a public institution, which is exclusively owned by or is under the control of the money cartel.

We Don't Need No Stinkin' Badges

The central banks are independent only from their states and governments, but are totally dependent from the transnational money cartel and the international banking system owned and controlled by it. So, the money cartel has taken away the monetary authority from the states, i. Thus, the operation of the money system has become the intangible privilege of banks and other financial structures in private ownership.

As long as the money cartel and its institutions create the money, and only credit money operated with interest mechanism is in circulation, all money within this money system is such a claim, for which interest — some kind of money rent — has to be paid. In the productive economy, industry and services, this interest appears as cost, because it withdraws money from the productive activity and regroups it to the money cartel detaining credit monopoly and its institutions.

The so ever strengthened money sector has grown into such a money economy, which has totally surmounted the real economy that had become dependent. The public economy was transformed into money economy , the economy into chrematistics. If, in a banking accounting, the interest of a claim changes, the yield of the given value also decreases or increases.

This means that the exchange value of the two accounting claims also changes. A promissory note with a higher interest is worth more than one with a lower one. The state and corporate bonds with a better yield push out those with a smaller yield. The current fair market value of certain bonds, securities, money instruments mostly depends on human will and influence. The exchange of securities can be influenced with calculated steps, and great money yields can be obtained by this, especially if these exchanges are made in large items.

In the monetary system, the actor which is able to exert changes and can calculate the triggered consequences, will be in superiority against that one which does not detain the information and tools necessary for that. With the creation of the transnational money cartel, and the strengthening of the system of chrematistics, techniques like this developed and improved gradually.

As a result of the development of information technology, of computerization, also the influencing of the movement of money was automated. The so-called forward transactions are in fact bets. In the real economy, where real values are created, the economic actors are subject to the laws of nature. The employee can perform work only within determined time and health limits.

On the contrary, business transactions consisting of bets can be made almost without limits, especially in the case that, at the time of the business transaction, not even a part of the value of the bet has to be paid in advance. This money, produced with bets , is what is called synthetic money. This so-called money that can be produced unlimitedly was deliberately confused with the book value of the value-creating work. Since this synthetic money could be multiplied unlimitedly, it took over the rule over the money covered with work.

This was substituted with the issue bank money issued by the central banks invented by the money cartel, the acceptance of which was guaranteed by the state, and the state allowed that the public debts, the taxes could be paid in this money. At stock exchanges, bets could be made with this issue bank money, and greater and greater sums were created in this way.

It even happened that the return reached times the invested amount of money. At this time, the claims kept on record in the accounting have already become dominant. People started to call these moneys credit money , since they were created by financial structures and not by central banks. The speculation practice gradually changed over to the trade with promissory notes, because, in large amounts, they could be manipulated easier, in order to get even bigger yields.

The government bonds, for instance, were popular because it was easy to influence the attitude against the given states with the help of political propaganda and the mass media. Thus, when we speak about financial crisis and indebtedness, always the budgets come into the limelight, because the good or bad propaganda about the budgets drives directly the price of the government bonds on the money markets.

Nevertheless, in the summer of , during the Thatcher administration , the determining rate of interest was raised to four times its current value. The countries indebted according to a plan were able to pay the debt service loads raised to times only by issuing newer bonds and by getting even more indebted.

It has become a general practice that the states paid their former debts with even bigger loans. As a consequence of this, the amount of government bonds continuously increased on the money market, and their re-evaluation with the news spread about the political and economic status has become a special business branch. In the course of world history, the indebting of states was always considered to be the most secure debt. The issue bank money still connected to the real economy was pushed into the background, and the credit money created with the transactions of the financial structures became dominant.

But even this money-raising action within the banking system has its limits. When also the multiplication of the government bonds has already reached the upper limit, newer financial techniques had to be found. The so-called index trade was created at the beginning of the ies, which already means the buying and selling of index numbers included in the accounting reports. Of course, we cannot speak about actual selling or handing-over and buying or reception, since these accounting file indexes cannot be actually taken into ownership. In fact, we can speak about bets , which are made by those who control the financial movements on the evolution of the indexes.

The transnational money cartel could attain that the authorities controlling the money system should loosen the regulations. Here we can already speak about such a large-size financial movement, which only the strongest actors of the money system transformed into a gambling casino could afford. They, conspiring with each other, regularly speculated to the prejudice of smaller actors, or got rid of their undesirable rivals in this way. This gambling of gigantic size could not bear the publicity of the wide public opinion any longer, so these financial gamblers used maximally the opportunities hidden in the off-shore environment.

They needed, first of all, to be able to hide away their records covering such transactions, the books of the biggest money-makers from the authorities. But, with the billions of synthetic dollars produced this way, the transnational money cartel continuously and globally bought up the precious metal deposits, first of all the gold and the silver, and, furthermore, it became the owner of the value-bearing properties of the real economy.

The American money system symbolized by the Wall Street primarily dealt with portfolio investments and neglected to supply credits to the value-producing real economy, and the capital investment into the production and the research and development gradually fell out. The money economy settled down onto the real economic life, the place of economy was taken by chrematistics.

While the economy focuses on the production, the creation of goods and services that satisfy human needs, the chrematistics focuses on trade, on turnover and, mostly, on how more and more money can be produced from money — with the total avoiding of real economy. The goal of the original banking activity is to supply the real economy with appropriate credits, and to assure the money, as intermediary tool. But the role of the investing financial institutions, primarily of hedge funds is to multiply the money, in as high amount as possible.

When the mass production of money started, the classical banking activity was pushed into the background. The plants and factories producing goods of common necessity in the United States were closed one after another, and the productive activity was transposed to China, India and other Asian countries, as well as to South America. They justified this saying that it is enough if America concentrates on the trade and the goods marketing. As a consequence, quite many Americans lost their jobs, and this increased the social expenses of the state. Not only the amount of the paid unemployment benefits rocketed, but also the taxable income decreased more and more.

All this increased the budget deficit and further accelerated the indebting of the state. Many Asian productive companies — mostly the Chinese enterprises — used their money covered with own work for their value-producing activity. This way they saved their dollars received for their products exported to America and to other countries of the Euro-Atlantic area.

They spent a considerable part of this huge sum on buying American government bonds, i. The foreign manufacturers played a more and more important role. In order to decrease the indebtedness, the private bank fulfilling the role of central bank of the United States, the FED, lowered the base rate of the dollar to nearly zero. The credit became extremely cheap, and this made it possible that even unemployed people could take up loans on mortgage for real estate procurement.

In this way, money got into circulation not only through benefit payment, but also through money issuing, and increased thus the demand and the consumption. The economy of the United States, representing the centre of the financial system of the Western world, still operated with this method. Nevertheless, experts already knew that the debtors without income would not reimburse the credits. There were also two institutions operating, the Freddie Mac and the Fannie Mae , with the task of handling the bankrupt mortgage loans within the framework of the so-called Relief Refinance Mortgage program.

The indebted state, nevertheless, could not undertake the expectable burdens in case the real estate market collapsed. Therefore, the big investment financial institutions of the Wall Street bought up the debts from the small local credit institutions, and supplied them with money in this way, so that they could continue crediting. The investors packed the bought-up credits on mortgage into bigger and bigger units, and the credit qualification institutions financed by them, on request, gave good qualifications on these packed credits on mortgage.

They labeled them as reliable securities assuring secure yields. The next step was to sell these, as guarantees, to pension funds detaining covered money, if possible, to European banks. The Canadian and Asian banks did not buy any of these financial instruments of doubtful value. Some of the European financial institutions — for yet unknown reasons — acted in collusion with the Americans.

The financial crisis was started primarily by those investment financial institutions, which managed to get rid of the restrictions brought by Franklin Delano Roosevelt , meant to make the banking system more secure. Anyway, it is a fact that they managed to persuade the United States and the Western European governments to help them with bank relief packages , to the detriment of the taxpayers. In the enforcement of the bank-saving and economy-vitalizing state aids, an important role was played by the panic-raising of the credit qualifiers, who, on order, were ready to manipulate the public opinion.

The investing financial institutions managed not only to make up the falling-out yield of the bonds priced with fraud, but could also charge the not-accounted expenses of the index trade onto the public power. With the guarantees undertaken to the debit of the society, the taxpayers, the governments took over the loss of the hazardous bets. Thus, also the European states got indebted. Nevertheless, the size of this indebtedness is not visible, since these financial liabilities are not included in the accounting of the public finance.

A special index number was invented for the stock of liabilities originating from bank reliefs. But it is not made public. At present, several states of the European Union have loaded themselves with many times the upper limit, due to the state aid supplied to the hazardous banks. The mass media of the European Union, but also the Hungarian one, does not say much about the bank-saving packages.

On the contrary, those experts get great publicity, who now already speak about the wavered confidence of the money market , because the governments are much too indebted. The natural answer to this would be that the competent governments should at least make reference to the fact that they had to break the Maastricht criteria exactly because they had to help those who are accusing them now.

Globalization of the unscrupulous extortion and looting. In the summer of , first the City of London and then, in December, the FED raised to nearly four times the determining basic interest rate. Owing to this, the debt service burdens of the indebted countries and enterprises rocketed. Also Hungary had to carry such debt service burdens as if it had taken up four times more credits on the international money markets earlier.

The borrowers were forced to reimburse their previous debts by taking up newer credits, therefore the amount of government bonds continuously increased on the money markets. By the re-evaluation of these and by influencing the political and economic atmosphere, it was possible to obtain a large extra profit. The state or governmental debts represented the most secure claims, so raising money and crediting for them did not seem to be a risk-increasing factor. The role of the central banks was forced into the background, and the credit money prevailed.

As a matter of fact, the actual value of all money originates from the real economy. If the growth of the value-creating real economy, above a certain level, is not possible, any kind of money could be built upon this economy, but it could not be multiplied unlimitedly, only for the sake of satisfying the speculation needs of the investor financiers. Therefore, also the multiplication of government bonds was limited.

At the beginning of the ies, a newer money-creating method had to be applied, and this was the index trading , which means the selling and buying of index numbers included in the financial accounts. These accounting indexes cannot be actually owned, but bets can be made for the evolution of the index numbers.

This was what they called high degree capital leverage transaction. In this way, the great financial actors who determine the money movements could act jointly against the smaller and the undesirable, and thus assure a huge extra profit for themselves. This practice made it possible for them to produce, prior to , synthetic money amounting to times the total world economic product, and to use it for speculation purposes.

This money production technique, nevertheless, proved to be finite by the middle of At this time, the great financial investors moved such a big amount of synthetic money, which could not bear the publicity any longer. As we have already mentioned previously, the circulation and negotiation of these sums was done in off-shore environment, where the financial authorities could neither regulate, nor supervise the performed financial transactions, thus the business books of the global money makers could avoid control.

With these billions made from air — through bets —, the large investors bought up the value-bearing enterprises of the real economy, together with their physical assets. The international money cartel multiplied primarily the dollar, today still fulfilling the role of the reserve currency. The financial institutions specialized in the investment of financial instruments shifted on to the trade of promissory notes, since they could transform their value easier through the mass media. The government bonds played an outstanding role in this, because it was relatively easy to influence the public mood at will, concerning the policy of the governments.

This is why the programmes of the mass-media were primarily about the budgets, because the good or bad propaganda about them could efficiently move the price of the government bonds up and down.

Items in search results

The world financial crisis, which started in and burst out in , was primarily caused by the unscrupulous striving to grab of the large banks. Especially the largest banks among the large ones thought that they could indulge in everything, because they are so big that the state cannot allow them to go bankrupt, as that would pull down the whole of the economic life with it. Thus, the governments of the United States and of the European Union saved these financial institutions by accounting the long-term financial liabilities undertaken to the account of the taxpayers.

The governments of the European Union supplied an aid amounting to altogether 4, Making reference to the Greek state bankruptcy, artificially inflated for blackmailing purposes, Athens was helped with billion euros in three years. The valid contracts of the EU determine in detail the operation of the money system, irrespective of the fact that the given EU member state belongs to the Eurozone or not. The key terms of the regulation are the free competition and the open market.

Therefore, the European Union does not have an own financial system, so all doors are open in front of the totally free and destructive operation of the speculation. This is why the monetary policy of the European Union is weak. It is true, a so-called European System of Central Banks exists, but it is subordinated to the larger and open financial system of the world. The same cannot be said about its decision-making activity. It was not the institutions of the EU who made a decision on saving the banks, which got in trouble because of the irresponsible risk undertaking, but the individual states.

It only needed the approval of the European Commissioner for Competition. This Commissioner for Competition was Neelie Kroes , who is well-known due to her close relationship maintained with the international money cartel.

dr. Drábik János Hivatalos Weboldala

In , she was the 47 th , in the 59 th , in the 38 th and in the 44 th. If the provisions of the European Union Treaty and its Attachments strictly forbid the individual member states to issue money, since this is the exclusive monopoly of the central banks and of the whole of the banking system, then how was it possible for a lady to permit, routinely stamping, that, the governments of the member states, in contradiction with the EU treaties, could charge their taxpayer citizens with 4, Who gave permission to Lady Neelie Kroes to do that?

Who is going to call this person to task for that? All this proves again how harmful an institution the European Union is, as the servile servant of the money cartel and the executor of its orders. The recently created, supra-state, imperial institution system of the European Union is futile and is hindering the really democratic operation of the Europe of Nations, based upon equality of rights.

This indebtedness of the states of Europe serves exclusively the interests of the transnational money cartel. The fact that the European Union and especially its bureaucratic institutional system served the demands of the money cartel with such servility signals that the European Union is such a futile imperial structure, which does not enhance, but hinders the operation of the Europe of Nations. What is necessary for the increased economic, social, political and cultural cooperation, can be achieved through the cooperation between nations based upon equality of rights more efficiently and more cheaply than through an imperial system got under the control of an extremely expensive, prodigal and bureaucratic hydrocephalus, which cannot even be controlled democratically.

The transnational money cartel needed this artificial imperial makeshift to put its strategic goal, the establishment of a global system controlled from a single centre, into practice as soon as possible. For the sake of the finalization of its private money monopoly on global scale, this transnational money cartel needs to annihilate, within the individual national states, the middle class, and, on international level, the national states detaining claims of sovereignty.

The cheapest way of annihilating the national states — which requires neither army, nor war — is when these national states are forced into an imperial structure, and the individual member states are reduced to the status of regions with cultural autonomy. In the case of economies operating in different conditions, the euro is unsuitable for serving the real economy.

Those, who do research in the field of the currency zone operating optimally, have revealed that the common currency concentrates the money capital. This means that it regroups the resources from the weaker to the stronger, that is from the periphery to the centre. In this way, it deepens the differences between the countries belonging to the currency zone.

These deviations could be equaled with the different currency rates, but this issue is excluded by the common currency. Following the important conferences of the international money cartel held in TC — Dublin; CFR — Montreal; Bilderberg — Sitges , decisions were made concerning that the financial and economic equilibrium should be restored, among others, with budget austerities. Nevertheless, keeping the budget deficits under control is not suitable for this purpose.

They are talking so much about budget deficit primarily because this reacts upon the risk of government debt bonds. Their pricing and quantity already depends on the international banking system. The budget of a state depends primarily on the operation of the economy of the given country.

If this economy cannot produce enough income, the state will not have enough revenue to cover its public expenditures, and, in this case, deficits occur necessarily in the budget.

If, on the other hand, the deficit grows, the crediting risk increases, and the financing becomes more expensive, which makes the deficit increase even more. The income production of the economy is determined by the bank crediting. If the productive economy does not get enough medium, or, in other words, there is not enough money driven onto the economy, but, at the same time, it has to reimburse the debt service burdens, in fact a money withdrawal is going on. In such a case, if the budget does not get credit for financing the public tasks, it is possible to enforce the transformation of the large distribution systems and the cutting down of the financing of public tasks.

The society perceives that the decay is continuous, but — since the mass media institutions hide away the real causes of the operation of the money system, and the controllers of the monetary system misinform the people — it is possible to create the appearance that it is the fault of the budget , because it overspends. The society is also guilty, because does not consume in proportion with its value-creating labour, that is its consumption is bigger than the result of the work done.

In this neo-liberal money rule world order, the moral value standard was not only pushed into the background, but even deleted. It is basically immoral to limit the supplying of the economic actors, struggling against economic hardships, with financial media, on the reason that the risk of repayment increased, so financial instruments can be obtained only for an essentially higher interest.

The logics of the natural economic order would dictate that, in such cases, all actors of the economic life should undertake surplus burdens. The entrepreneur got in a difficult situation should not be hit with punitive interest rates, but should be supplied with working capital and other financial instruments with a smaller debt service burden. This is what concludes from the natural laws and universal morality. Courts have found that. The Federal Trade Commission has found that. It's not even a close call. The Idaho Legislature muddled along for quite a few years without my personal attention, and will no doubt proceed as it chooses.

In my few attempts at persuasion, I can't say I've felt the power, although seeing badly crafted "education reform" legislation intended to make our schools safe for corporate service providers crash and burn at the hands of voters last November and yes, now rising again like the phoenix gave some cause for optimism. There is a bridge too far, even if it may have to be burned more than once. This year's approach includes a "divide and conquer" element: Proposition 1 sliced into seven tranches, an approach that served so well in creative mortgage financing. One of our legislature's "features" is that committee chairman have rather remarkable powers of obstruction when it suits them, and a bit of a bully pulpit as well, if they like that idea.

John Goedde does, and here he is waving a bad novel cum objectivist manifesto that he "thinks" high school students should be required to read , because it made his son a Republican. He was "sending a message to the State Board of Education, because he's unhappy with its recent move to repeal a rule requiring two online courses to graduate from high school, and with its decision to back off on another planned rule regarding principal evaluations.

That gives us an idea why he did something, and that what he did was deliberately mis-aimed, but really, a shot over the bow? Demonstrating the reach and power of his long gun, to give the message "I can blow you up if I feel like it. If nothing else, it's another chance to put Idaho in national comedy news. Michael Moynihan has a poke at the bumpkins for The Daily Beast , with a chance to say more about pedagogy than I think the chair of our state senate education committee has actually considered.

It should really go without saying that "students are often more clever than academics, legislators, and philanthropists assume and aren't willing to simply adopt the politics of whatever book is plunked down on their desk. Goedde's attempt to show the State Board of Education that he was more powerful if not more clever than they are may have backfired. The message received seems more likely "watch out, we have a loose cannon in the legislature. Another member of Goedde's committee has introduced a bill, this one apparently in all seriousness, to "deny enrollment to any pupil found guilty of a crime of violence or who was imprisoned for more than one year.

It sailed into Goedde's committee "with little discussion and no objection. The additional benefit, of course, is that it helps to supply lots of new customers to the corporations that we've allowed to privatize the prison system. The only thing surprising about this unsurprisingly retrograde idea is that its sponsor, Sen. Lee Heider, didn't have the foresight to market it as education reform. Since there is less than unanimity on the question, Idaho state GOP chairman Barry Peterson put out a presser to remind the Idaho State Legislature "that the state's Republicans stand opposed to the creation of a state health insurance exchange.

Some stand opposed anyway, even if not the Governor, C. Maybe Peterson should check the Governor's website on the subject. His goal is to improve healthcare in Idaho. We want no part of Obamacare. We want the state to reject the implementation of a health insurance exchange. We want the state to appropriate no money for an insurance exchange, and we want Idaho to be among the growing number of states that have refused to go along with an insurance exchange," said Idaho GOP Chairman Barry Peterson.

But I get that there is division in the ranks. Here we have Idaho's junior Congressman playing hooky from the actual job he's collecting a six-figure paycheck for, to campaign for Governor persuade credulous new state legislators to just say no, no, no to everything and anything that's part of Obamacare.

To me, that's almost like somebody that goes off to college and comes back to high school. I mean, you've graduated and gone on to bigger and better things. What are you doing back here? Maybe he got tired of sleeping on the mattress in his D. Or was hoping to change the subject from the single most embarrassing personnel decision by a member of Congress so far this year.

At any rate, Labrador's effort came up short in the Senate Commerce Committee, which just voted in favor the Otter's health insurance exchange bill. One of our few Democrats was the "no" vote, explaining on that "this legislation was exceptionally poorly written. The lack of legislative oversight is House Republicans "are not going to be able to vote for" a pathway to citizenship for undocumented immigrants, a key GOP voice in the debate said Thursday. By which I think he meant they won't want to, not they won't be able to, because you know, he only got one vote for Speaker and John Boehner is still kind of in charge.

Joe Nocera used to write mostly about business, but enjoys a wider latitude as a NYT columnist. The story of one athletes personal travails, and the larger, scandalous foundations of academics serving sports rather than the other way around, brought back memories. When what was deemed "financial exigency" led to the shuttering of the Learning Center at the University of Idaho, they discovered that the football program had a problem. Its players rather needed the help in learning and study skills, and tutoring if they were going to keep the grades up well enough to stay on the team.

Nocera talks about an alternate approach at the University of North Carolina, and probably others, "paper classes. You write the paper. You get credit," as Michael McAdoo succinctly describes. The UofI rather quickly reinstated the program they'd axed having shunted its developer and champion off tenure track and into adjunct-like terms, before the educational innovation of "adjunct faculty" had been established and saved the football team, sort of.

Winning is the only thing , after all, and the Vandals are long unwinning. So I went for a virtual campus walk to see what traces might be left of the organization I worked for once upon a time. TAAP has an office, noted by the location map in the sidebar. The Street View link was curiously turned around, looking at "Malcom Renfrew Hall," which took me a few moments to recognize as the Physical Sciences building I think where I worked in a chemistry lab one summer I'm sure. You know you're getting older when the people you once knew have turned into buildings. Turning around, an unfamiliar entrance, faint lettering on the wall, "Library.

No, a new entrance to the expanded library, Modern boxiness made PoMo with a bulbout, a twisted box on the side and an angular swoosh out one corner. Across from the library, building of , give or take , is now the "Teaching and Learning Center," remodeled from the University Classroom Center UCC ten years ago, the original architectural design borrowed from a warmer climate, all rooms with doors opening to the outside world and no interior hallways. It's not so interactive, but the good old, printer-friendly campus map still gets the job done, and thanks for both alphabetic and numerical indexes.

GoogleMaps' campus map on the other hand seems undergraduated. But the Street View wouldn't lie, would it? Yes, it must be. Maybe the 3rd floor is street level from the Line St. ASAP shows a staff of 14 altogether, and At least as of the 2,st click in the Two-way's poll below their news item that the iron is out, and someone let the cat in for Monopoly tokens. I guess this is already old news for Today Show viewers, where Hasbro announced its Facebook vote? And it's hard to get worked up about the demise of an iron, especially a cold iron.

Scottie was a distant second, keeping company with Battleship and Car. I picked Thimble, but I'm not sure why. It's always been there for me. CBS News reports the U. That's prefunding that no one coerces out of the fully private sector. The American Postal Workers Union complains that ending six-day delivery would add to the financial problems, but it's not explained how that could be. The volume of useful mail is headed inexorably downward, and it's more convenient to ignore online ads than it is to recycle junk mail.

Today's cover story in the Idaho Statesman's Business Insider section is about Idaho's Great Wage Trench as they call it, 5 page spread with big color pictures and data graphics, and a related one-page story, Why minimum-wage labor isn't so cheap from the Idaho Falls Post Register. The web rendering isn't so lovely, but aside from the pictures of the car wash guy and surgical technicians, there is the How Idaho fell behind with source citation for the Idaho Department of Labor.

What isn't on that graph, or in Bill Roberts' cover story is the vaguest mention of the Right to Work law that Idaho passed in , with "promises of freedom and prosperity offered up by those who waged a nasty and well-financed campaign" as Idaho AFL-CIO president Rian Van Leuven put it in his December Reader's View. That was at the bottom of the "deep recession and decline in the natural resources sector's economic strength" noted in the s, from which Idaho wages have never recovered.

Plenty of folks commenting on the story noted the omission; the word "union" does not appear in the body of the story, just the comments. The vaunted high-tech sector that was going to save us barely made a bump in the mids. Roberts did find space for NNU professor Peter Crabb's observation that wages aren't as low as they seem because the 3. The map graphic with states' data shows us lagging all our neighbors save Montana where wages have failed to even keep pace with inflation: The data in the "neighborhood" graphic, wage growth from to , shows Idaho 6th out of 7 states, leading only Nevada.

The story ends with the question "Will things get better? It wouldn't have occurred to me to wonder whether Right to Work laws led to higher wages and benefits, because my expectation is exactly the opposite. That's the whole point of the laws , after all. But rather incredibly, all sorts of people do make that argument. Media Matters for America dispatches the "myth. Just remember "only 62 were referred for prosecution" and never mind that oh, that was for Chicago alone, and a national number—for federal gun crimes—was 11,, in one year.

LaPierre's biographical claim for "Renaissance man" follows the NRA's transformation described by Tim Dickinson's feature in Rolling Stone well enough, even if the "skilled hunter" part is going to be harder to prove than the president's life-long love of busting up clay targets. LaPierre was aiming downrange for the camera when an engineer called for a sound check.

To answer the man, LaPierre swung around, but he failed to lower his rifle, aiming it directly at the engineer—before someone took the gun away from LaPierre. The incident, terrifying at the time, became a dark joke at NRA headquarters. Staffers behind on their projects were threatened that they'd have to "go hunting with Wayne.

Greg Sargent's Morning Plum gets closer to the bulls-eye in discussing Skeetgate, "the latest sign that the right remains very, very good at getting news orgs to follow shiny bouncy balls. Not to put too fine a point on it,. As perhaps could be discerned from tapping into the inevitably ongoing coverage of individual and group mayhem such as Joe Nocera's dark quote-without-comment column , now a continuing gun report , including the sad story of the shooting range as mental health therapy failing.

In little more than a decade, the NRA's work as agent for industry development has changed LaPierre's talking points from "no guns in America's schools, period," to the more recent "the more guns, the better for everyone. Billing itself as the nation's 'oldest civil rights organization,' the NRA still claims to represent the interests of marksmen, hunters and responsible gun owners. But over the past decade and a half, the NRA has morphed into a front group for the firearms industry, whose profits are increasingly dependent on the sale of military-bred weapons like the assault rifles used in the massacres at Newtown and Aurora, Colorado.

Feldman is more succinct, calling his former employer a 'cynical, mercenary political cult. Because our outrage fades after each new heartbreak. Because by November , most of us won't be thinking about the victims of Newtown.

Most of us won't be thinking about guns at all—while millions of activists, riled by Wayne LaPierre and the NRA, will be thinking of nothing else. If this time is going to be different, Americans have to act different, give different, vote different. In his speech laying out his gun-safety agenda in January, President Obama was absolutely right: The USA had a dramatic go against an underdog Brazilian team who managed to beat the Bryan Brothers which just about nobody has done in Davis Cup matches , and force it to the fifth rubber which went as far as a tiebreak in the fourth set between Sam Querry and Thiago Alves.

Oh, and that seven hour doubles match between Switzerland and the Czech Republic which no, I didn't watch the whole thing, because fortunately I heard a spoiler, and could settle for just a couple hours of it. How about the next Davis Cup match in Boise, Idaho?! When the final was in Portland, Oregon in I tried to get tickets and got skunked.

The tie between Brazil and the USA this weekend in Jacksonville, Florida, looked badly underattended, with almost every view of the crowd showing lots of empty seats. What's up with that, Florida? The Boise State University Arena also known by a chain restaurant with naming rights, can't bring myself to say which can hold a lot of people, but coach Patton told 'em "you bring it to Boise and we're going to pack it" so that's what we'll have to do.

Two months from now!

• Die Große Koalition: Regierung - Politik - Parteien 2005-2009 (German Edition)
• P.K. Math: Addition, Subtraction, Multiplication, and Division The Easy way to Learn
• Insider Secrets for a Successful Website Business
• Большая энциклопедия живой природы (Russian Edition)
• Kids Book About Manners and Etiquette: A Sharing Book, Teaching Manners For Kids, Sharing And Caring, And Etiquette. (Faith Alive)
• Die janusköpfige Bedeutung des (Super-)Helden für die Gesellschaft am Beispiel von Christopher Nolans The Dark Knight (German Edition)
• Pride In Exile