The Faces Of College Fascism

 
The last we looked the University of Colorado system is a state taxpayer supported institution. If this is the kind of closed attitude to what is supposed to be a free zone of discussion and ideas for young people, fine. If it isn't you might want to organize and use your voice and the purchasing power of the boycott to push this issue to public debate.

Professors Laroche, Haggren and Skahill of the University of Colorado - Colorado Springs will not allow you to invade their man-made climate change "safe space" and if you don't like it then you can get out.  According to The College Fix, that is the response students recently received from the progressive teacher trio after "expressing concern" for their success in a course that refused to debate climate change. 

The full email from the teachers is posted below but here are a couple of the highlights:

"We have received several emails from students expressing concern for their success in our course given their personal perspectives on climate change."

“The point of departure for this course is based on the scientific premise that human induced climate change is valid and occurring. We will not, at any time, debate the science of climate change, nor will the ‘other side’ of the climate change debate be taught or discussed in this course.  Opening up a debate that 98% of climate scientists unequivocally agree to be a non-debate would detract from the central concerns of environment and health addressed in this course.”

“… If you believe this premise to be an issue for you, we respectfully ask that you do not take this course, as there are options within the Humanities program for face to face this semester and online next.

 To begin with, that 98% of climate change scientists unequivocally agree is a blatant lie That should not be allowed to go unchallenged. Academia has become the new quarters of using taxpayer funds to promote and support fascism.

.zerohedge.com/news/2016-08-31/colorado-professors-tell-climate-change-deniers-get-out-we-will-not-any-time-debate-

Distraction Works

Without villains there's no need for heroes.

Like heroes, vaccine manufactures need villains. And they found one late in 2015 when the propaganda presses cranked up the ink on their latest future revenue ticket, the dreaded Zika virus.
Don't look now but there are at least four companies and the CDC working on Zika vaccine. With that kind of reaction one would think this is a deadly epidemic killing people off en mass.

Yet the number of deaths owing to the virus--and that number itself is problematic, to use a kind term-- is infinitesimal with a capital I. Granted, one death is one too many. With seven billion folks on the planet, however, and a mandatory vaccination for each, that's some big bucks worth chasing, especially if it's government funded with your money.

These vaccines are like these giant billion dollar sports complexes, nearly all of them get funded with some of your money without your consent. Now if these money grubbers could just come up with a vaccine that cuts highway auto accident deaths by half that would be worth the expense. The Zika scare is a hoax. Besides apple pie and the Fourth of July what could be purer than saving pregnant moms and their babies?

As the cited article below points out, the U.S. has 25,000 babies born annually with microcephaly and has had long before anyone in the public sector ever heard the term Zika. But par for the course in February this administration jumped on the panic button, requesting 1.9 billion dollars to study the situation and to develop a Zika vaccine. [17]. It helps to have friends in high places. 

In the almost 70 years since the Zika virus was patented by the Rockefeller Foundation, [1] no one ever noticed any association between Zika infection of pregnant women and their babies being born with abnormally small heads or with defects in brain development. But in 2015, we were suddenly made aware of this supposed problem. This claim, based on nothing more than circumstantial evidence, was the beginning point for the propaganda campaign. A propaganda claim doesn’t need to be true; it just needs to be repeated over and over again until people believe it is true.

There is one key point that I want to bring forward from the previous article concerning the number of babies born with microcephaly. First we heard that there were some 4,783 cases of microcephaly in Brazil. After the initial shock and panic was produced, we learned that further investigation showed that the number of confirmed cases was only 483.

The mainstream media also didn’t mention that the number of babies born in the United States with microcephaly in a typical year is 25,000. When adjusting for population differences between the US and Brazil, we find that the rate of microcephaly in the US is actually 40 times higher than the rate in Brazil.

In other words, the US microcephaly incidence is much higher than Brazil, and our babies didn’t get it from Zika. Maybe our babies got it from the various potential causes I discussed in my previous article.

I should also state that the researchers who put their names on this article are all employees of the CDC. [20] I must question whether their analysis was truly objective and whether their findings were influenced by CDC ties to Big Pharma. [21]

In the past several years we've had avian flu, pig flu,West Nile virus and Ebola. It takes several years to develop a vaccine. So keeping them on the front news burner is important to getting funds.Though Zika might upstage it, now you can most likely get prepared for another scare about the avian flu. This discovery occurred two days ago, according to news reports.

The U.S. Department of Agriculture has detected a devastating strain of avian flu in a wild mallard duck in a state refuge in Fairbanks, Alaska.

The strain, H5N2, is the same type of avian flu that affected more than 50 million chickens and turkeys in 15 different states last year, causing U.S. poultry exporters to lose millions of dollars because some of the countries halted all imports from the U.S.

If it bleeds it leads is not the only MSM ploy. Hysteria sells well, too. Now this. On August 26, the Centers for Disease Control and Prevention (CDC) released a report regarding the alleged sexual transmission of the Zika virus by a man who displayed no symptoms of the disease before or after having intercourse with his female partner, who subsequently contracted the disease.

The case involved a Maryland man who had traveled to the Dominican Republic – a country where a Zika outbreak is underway – but who showed no signs of the disease when he returned and engaged in unprotected sex with his partner.

The woman had not traveled to any Zika-infested areas, and the CDC is claiming that the case is the first of its kind – at least in the United States – in which a seemingly uninfected person transmitted the disease through sexual activity.

Although doctors say that this type of transmission is extremely rare, the CDC report – which has been dutifully covered by the Associated Press – is likely to only heighten the paranoia regarding the Zika virus.

In fact, it's not too difficult to imagine a scenario in the near future where sexual intercourse involving those infected by Zika is made illegal by government authorities, similar to laws created in response to the spread of HIV/AIDS.

In the literature for years about transmission of Hepatitis C sexual risk of transmission was listed at one percent by authorities. We challenge those authorities to show us statistics on confirmed cases where the virus was spread sexually in healthy non-intravenous drug using addicts.

Distraction works. 



healthimpactnews.com/2016/zika-a-masterpiece-of-public-mind-control

The Last Eight Words.

Here is a great paragraph that says about all you want to know about elitist academic economists and their kind. If the words pathetically insular come to mind you are on to the whole scam.

One of the articles referenced in Janet Yellen’s Jackson Hole speech last week was a piece written for the Peterson Institute for International Economics by Senior Fellow Olivier Blanchard. Dr. Blanchard has, as noted earlier today, all the “right” credentials, which is why his conjecture gets included into the speeches of Federal Reserve Chairmen. Having taught at both Harvard and MIT, becoming chair of the economics department at MIT for five years, landed Blanchard the role of research director at the IMF. Private experience is obviously missing from his resume.

The most important and truthful part of the paragraph is the last eight words.

Here's more to show just how desperately these people are lost, alienatated in their economic cocoons fron any sense of reality, yet urging the rest of us they somehow have the answers and if we we're not so ignorant we'd lockstep with them over the cliff.

Dr. Blanchard’s article was an attempt to “explain” the yield curve in the United States. Economists like Blanchard are so indoctrinated in central bank and QE mythology that what is exceedingly simple is dismissed as impossible. Persistently low interest rates are proof of “tight” money in the real economy; but that just can’t be with QE and all the amassed central bank intellectual capacity in that area. Instead, they must make the most absurd arguments to try to square a circle of their own often circular logic or paradoxes (central bankers know everything about money but now central bankers are stumped, therefore it can’t be money?).

You can read his whole argument and decide for yourself, of course, as I will only highlight but one of three reasons he specifies as really a window into this academic divide. One of the primary correlations in this view, which isn’t necessarily consistent with actual data, is that low rates are a function of low productivity and expectations for continuing low productivity. Blanchard tries to argue that while the crash in 2008 might explain the lack of productivity in the immediate aftermath, it doesn’t do much to render understanding about why it appears to have lingered.

To have become permanent, he contends, is the partial responsibility of “gloom”; I’m not making this up. He actually writes, “I believe that this bad news about the future largely explains the relative weakness of demand today.” And that sets up what is a very good example in how economists think not about the economy in which we all live but the “economy” where models prevail.

It is useful to play with some numbers here. Suppose that you learn that your income over the next 30 years will rise at 4 percent rather than at 5 percent as you expected earlier (because income typically increases with age, individual income typically increases faster than aggregate income). This represents a roughly 20 percent decrease in the present value of your future earnings, and is likely to lead you to consume say 10 percent less. If this realization comes to you over a period of five years, you will decrease consumption by 2 percent each year relative to your income. Returning to aggregate implications, as consumers adjust their expectations the way you do, consumption growth will be weak. The same argument applies to investment. The lower the expected growth rate of profit, the lower the desired level of capital, and this in turn will lead to a period of low investment until the new lower level of capital is reached.

Nobody but an economist would think like this; and while this example is meant as a means to translate a very real phenomenon into the math-speak of regressions that academics use, he is seemingly unaware of the translation and thus the potential for error in even attempting it. In the world of high-credential universities, actual phenomenon must be converted into linear functions. That means that “gloom” has to be accounted for across several variables that can be each modeled in such a way that it makes sense to the mathematical versions of reality (and thus to economists who think I equations first).

Any non-indoctrinated non-statistician can immediately recognize the problems with thus thinking math-first. If you need to translate the real world into nonsensical linear mathematics before you can attempt to understand said world, then the bond market will really be a mystery to you.

In the world of the real, businesses don’t invest because their revenues don’t expand; end of story. Revenues aren’t expanding because businesses won’t hire no matter what the unemployment rate says; end of story. This was all, of course, one of the factors that quantitative easing was meant specifically to address – derived from the statistically modeled understanding of expectations rather than the actual conditions of them. The “wealth effect” was supposed to break the economy out of any gloom, as rising asset prices, especially the repeated and emphasized “record highs” of stocks, bonds, or anything in between, would surely negate any immediate “gloom” as it rolled over into expectations of an impeccable future.

Economic theory just does not allow for the possibility that asset prices, particularly stocks, are anything but completely efficient. But that is increasingly what we find, even in the math of orthodox construction. As noted earlier, the CBO has been keeping account of the withering failure of monetary policy in a manner that economists don’t want anyone to explore. Rewriting economic “potential” within these very mathematical functions serves to undermine the core of orthodox economics itself, especially since the CBO is not just proving the lack of recovery but rewriting most of the 21st century economy with it. zerohedge.com/news/2016-08-30/academic-tries-explain-yield-curve-says-gloom-irrational.

Demand For Safes

If you want another reason to place your thumb on your nose and wave your fingers in contempt at proponents of a cashless society like Harvard's Lawrence Summers and Kenneth S. Rogoff, two economist who value their egos more than your financial futures, read this.

Near zero and negative interest rates have been killing savers for several years now. But people are finally catching on as confidence in bureaucrats running the show and their institutions wanes. Then, just last week, Deutsche Bank’s CEO came about as close to shouting fire in a crowded negative rate theater, when, in a Handelsblatt Op-Ed, he warned of “fatal consequences” for savers in Germany and Europe – to be sure, being the CEO of the world’s most systemically risky bank did not help his cause.

Germans are renown for many things, one of which is frugality. Another is their penchant for savings.

Indeed, as even the WSJ now admits, for years, “Germans kept socking money away in savings accounts despite plunging interest rates. Savers deemed the accounts secure, and they still offered easy cash access. But recently, many have lost faith.” We wondered how many “fatal” warnings from the CEO of DB it would take, before this shift would finally take place. As it turns out, one was enough.
To be sure, the Germans are merely catching up to where the Japanese were over half a year ago. As we wrote in February, “look no further than Japan’s hardware stores for a worrying new sign that consumers are hoarding cash–the opposite of what the Bank of Japan had hoped when it recently introduced negative interest rates. Signs are emerging of higher demand for safes—a place where the interest rate on cash is always zero, no matter what the central bank does.

“In response to negative interest rates, there are elderly people who’re thinking of keeping their money under a mattress,” one saleswoman at a Shimachu store in eastern Tokyo told The Journal, which also says at least one model costing $700 is sold out and won’t be available again for a month.

“According to the BOJ theory, they should have moved their funds into riskier but higher-earning assets. Instead, they moved into pure cash that earned nothing,” Richard Katz, author of The Oriental Economist newsletter wrote this month.

 Now it’s Germany’s turn.

“It doesn’t pay to keep money in the bank, and on top of that you’re being taxed on it,” said Uwe Wiese, an 82-year-old pensioner who recently bought a home safe to stash roughly €53,000 ($59,344), including part of his company pension that he took as a payout.
Interest rates’ plunge into negative territory is now accelerating demand for impregnable metal boxes.

Read more:
davidstockmanscontracorner.com/thanks-mario-boom-in-german-market-for-home-safes/

Overnight

Asian shares softened Wednesday with the growing prospect of higher interest rates in the U.S., pushing the greenback up versus other currencies. A down Wall Street day added to the concern ahead of Friday's non-payroll jobs report.

The one exception was the Nikkei at 1661.80, up0.82% on the weaker yen, the MSCI broadest index of Asia-Pacific shares outside Japan,down 0.3%,the Australian ASX 200 off 1.1%, the Kospi lower 0.3% as the dollar rose overnight against the yen 1.1%., the MSCI index still is on track to wind up August with a modest gain close to 2%. Hong Kong's Hang Seng remained flat and the Shanghai Composite Index edged  up 0.1%.

As fears about capital flight continue perhaps much more interesting is the Japanese have been trying to stimulate their economy for seemingly a couple of blue moons and, as one writer recently noted, "Prime Minister Shinzo Abe introduced negative interest rates in January. This has driven down the yields on Japan government bonds to the point where 80 percent of them now offer a negative yield. This means that owning them is a guaranteed way to lose money.

"But Japan is a nation of savers. And one of their favourite ways to save is government bonds. Since buying these will now mean they lose money, more investors have turned to gold in recent months.
Despite the rise in demand, Japan’s absolute demand for gold is still quite small compared to that of other countries. Last quarter Japan’s absolute demand for gold (in tonnes) was only 5 percent of demand coming from China."



Gold prices edged higher in overnight trade in Asia as the yellow stuff seems caught between the rock of possible higher interest rates in the U.S. and the hard place of a weaker yen that for now troubles investors. Add to that global uncertainty and you have a recipe for some confusion.

Other concerns given Fed Vice Chair Stanley Fischer's comment Tuesday that the  job market was nearly at full strength and the future of interest rates depends how well the economy is doing. To many the danger here is the Fed's chasing of just a number. Sure consumer confidence hit an 11 month high in August, but there are still plenty of troubling signs about the economy around. One such is the little noticed import activity of ports. U.S. ports, according to the WSJ, geared up this summer for more business only to be left waiting at the docks as they are "..on pace to handle 2.2% more imports this year, the slowest rate of growth since2011."

The Joke Quote

We've written before about using your purchasing power.

You are a consumer like the rest of us. They need you to buy stuff. It doesn't matter what the stuff is, essential or non-essential. You have a voice, you have power and, most of all, you have, however large or small, what they want, the green bills in your wallet or purse.

People, companies and governments as a rule don't do anything until forced. A classic example is the recent Mylan EpiPen controversy which brings us to our joke quote of the week. Granted it's only Tuesday. "Mylan understands 'deep frustration' with EpiPen costs," CEO Heather Bresch.

This is an insincere gesture, a joke because if they understood those price hikes would not have been implemented in the first place. In the second, they weren't going to rectify it without the current storm and backlash. This is only part of the CEO's quote, but the rest of it--"...we have always shared the public's desire to ensure that this important product be accessible to anyone who needs it"--is even  more insulting. Sure they have, at a price they have sufficiently lobbied the members of government  to sanction their getting away with.

This company's ties to Congress are closer than your next breath. And the members of that august institution should not get off free and clear. Those who received and accepted money from the company should be investigated about what they knew and when they knew it. Isn't that what the members of Congress do whenever someone from the private sector is called before them?

If you want some traction, use your purchasing power, your voice and the power of the boycott. The term boycott is broader than most realize and includes politicians.

Overnight

Forget Jackson Hole the focus has shifted now to this Friday when U.S. non-farm payroll numbers hit the news. Looked at by many as a sign whether jobs are recovering or still languishing is the next piece in the puzzle about where the Fed will head with interest rates.

The non-farm payroll numbers for August might ruffle more hawkish feathers at the Fed as the expected numbers for Friday are 180,000 job gains, according to a whole gaggle of economists, a figure below that last two reports for June and July of 292,000 and 255,000.

Such being the case is not  lost on international investors as Asian markets Tuesday rebounded after opening weaker. Four of five markets traded higher with only the Nikkei 225 off 0.9% at 16721.88 while the Hang Seng was up ).82% at 23007.62, the Kospi edged 0.525 higher at 2042.91 and the ASX 200 managed a 0.46$ gain at 5494.20. In China both the Shanghai and Shenzhen composites were flat with the Shanghai at 3067.95 and the Shenzhen at 2027.22.

The Japanese yen remained relatively weaker against the dollar, trading at 102.13 on Tuesday morning, compared with levels near 102.37 on Monday afternoon local time.Some positive news just ahead of the market opening in Japan, Reuters reported, had household sending only 0.5% versus the forecast of 0.9% decline, in when is a negative a positive in the topsy-turvy world called investing. The seasonally adjusted for for unemployment for Japan registered at 3.0% when gurus were looking for a 3.1% figure. Retail sales showed a similar decline from the expected figure, declining only 0.2%. The market was looking for a 0.9% falloff.

Japan is essentially at full employment with no end of the deflationary cycle in sight.This comes after the Japanese government has been buying up stock and bonds for years chasing the so-called wealth effect central banker loves to talk about. The dollar eased against the yen to 102.11 yen JPY= from a peak of 102.39, while the euro was slightly firmer at $1.1176 EUR=.

Gold held steady overnight at 1323.30.

What You'll Get

There are dumb statements and then there are dumber ones from economic elitist highbrows.

One of the dumbest we've seen of late is this gem from Harvard economics professor Kenneth S. Rogoff: "Almost 80% of the cash circulating outside financial institutions is in $100 bills."  Rogoff despises two things, your economic liberty and freedom of choice and cash. The two are connected tighter than Siamese twins.

Have you tried going very far today on a $20 bill? Not too long ago $20 would fill up your gas tank. Forget the current price of gasoline and it's many fluctuations. Or here's one better. Try taking a family of four out to dinner on two $20 bills. Let us know how that goes. Been to a major sporting event recently? Parking costs $20 and that's fortunately still in the same county where the event's being held. Don't try to buy any snacks why your there though. If you do you'll be surprise how quick they can make change of what's left of a $100 bill.

Checked lately the prices of services in the U.S.? In their global scorching searching for that magical 2% inflation target, there's a reason the Fed doesn't look there. Service prices are up astronomically. We won't mention the other obviously straw men nonsense Rogoff attempts to peddle. He's an academic, Jake. Knowing that alone is worth a $100 bill.

Since 80% of cash circulating outside institutions is $100 bills, most of it must be going to the vile underground economy, the one you need our protection from. Most of the franchise eating places in the U.S. will welcome that news. If you listen to government elitist shills like Rogoff and go gently into that cashless society they have planned for you, you deserve what you'll get.

Make sure you get your nose rings properly placed. It will be a bit less painful when you're tugged around in the cashless world Rogoff and his elitist friends have slated for you.

Gold Correlates?

"Let us be clear; we are not saying that gold will trade up to USD1,700/oz in the near term, but when viewed against the aggregated balance sheet of the 'big four' global central banks (the Fed, ECB, BoJ and PBoC) the argument can be made if we view gold as a currency, the metal is worth closer to USD1,700/oz, versus the spot price of USD1,326/oz." 

To be sure, this isn't an argument for gold as a currency, and there are arguments against that notion. For one, gold isn't a legal tender that's widely paid or received in exchange for goods and services, partly because it's not as easy to print or transport as paper cash. 

But the argument that Hsueh and Sporre make is that gold price percentage changes have historically moved in tandem with the rate of central bank balance-sheet expansions, but gold is not keeping up right now: 

Some analysts believe there is a correlation between the price of the yellow stuff and the expansion of central bank balance sheets. After last week's big focus on Jackson Hole the dollar has strengthened and gold prices softened. Earlier today gold futures were trading lower, 0.21%, or $2.75 an ounce, to $1,325.15. Fed Chair Yellen and Vice Chair Fischer did their best at the much watched meeting to let investors know higher interest rates were expected sooner than later. That would mostly likely signal a stronger dollar and softer gold prices, depending on how the market interprets such.

Though ZIRP might not yet be on the Fed's monetary policy radar, the Fed's balance sheet is set to expand. In fact, many believe the current sheet will never be balanced. Time, however, as usual will tell how much credibility investors think the Fed has left. We like gold here on further weakness for all the wrong reasons, according to MSM, and think if the Fed's remaining credibility gets any thinner it could become a late night weight loss infomercial

Read more:
businessinsider.com/gold-and-central-bank-balance-sheets-2016-8?




 

Overnight

It was a good start for the Nikkei 225 Monday as the index average soared 2.2 percent to 16,721.23 in midmorning trade, after rising as high as 16,737.95, the highest since August 17. As one market guru, according to Reuter, said: "It's not too difficult for the Nikkei to trade above the current 16,500 level. What the market wants to see is whether the U.S. economy is strong enough to stimulate investor appetite and the Nikkei to stay above the 17,000 level."

The U.S. dollar rallied pushing the yen lower and giving Japanese stocks a boost. The WSJ reports:
The dollar’s strength pushed commodity prices lower. Brent crude, the global benchmark, was recently trading down US$0.56 at $49.35 a barrel. In Australia, the commodity-heavy S&P/ASX 200 fell 1.1%, withWoodside Petroleum Ltd. falling 1.8% and Oil Search Ltd. declining 2.3%. Rio Tinto Ltd. and BHP Billiton Ltd. fell 1.2% and 0.4%, respectively.

After all the hullabaloo over Jackson Hole last week it apparently gave investors a sense of direction they believe will help clear up things. Another observer had this comment in the Jounal.

“All of the concerns and worries were addressed in [Ms. Yellen’s] speech,” said Alex Wijaya, a senior sales trader at CMC Markets.

Then when Vice Chair Stanley Fischer backed up Yellen's comments many believe that made the Fed's interest rate intentions clear removing much doubt. “I thought what Fischer said was a driver” of the currency moves, said Naoki Fujiwara, a fund manager at Shinkin Asset Management.

“He didn’t rule out the possibility of a rate increase in September,” said Mr. Fujiwara.

 U.S. stocks drifted lower on Friday on the news registering the market'a largest weekly decline since the U.K.’s vote to leave the European Union in June., the Journal reported. The yen in early Monday trading was off 0.3% against the dollar. In other markets, Hong Kong’s Hang Seng Index was recently down 0.4%, while Singapore’s Straits Times Index was off 0.7%., the Kospi was down 0.2% and gold was trading at $1317.60 an ounce