Showing posts with label scam. Show all posts
Showing posts with label scam. Show all posts

Sunday, June 14, 2020

UC Berkeley History Department Confirms It Is Staffed by Anti-White Bigots

Recently, an anonymous letter purporting to be from a colored member of the University of California, Berkeley History faculty began:

I am one of your colleagues at the University of California, Berkeley. I have met you both personally but do not know you closely, and am contacting you anonymously, with apologies. I am worried that writing this email publicly might lead to me losing my job, and likely all future jobs in my field.

In your recent departmental emails you mentioned our pledge to diversity, but I am increasingly alarmed by the absence of diversity of opinion on the topic of the recent protests and our community response to them.

In the extended links and resources you provided, I could not find a single instance of substantial counter-argument or alternative narrative to explain the under-representation of black individuals in academia or their over-representation in the criminal justice system. The explanation provided in your documentation, to the near exclusion of all others, is univariate: the problems of the black community are caused by whites, or, when whites are not physically present, by the infiltration of white supremacy and white systemic racism into American brains, souls, and institutions.

Many cogent objections to this thesis have been raised by sober voices, including from within the black community itself, such as Thomas Sowell and Wilfred Reilly. These people are not racists or 'Uncle Toms'. They are intelligent scholars who reject a narrative that strips black people of agency and systematically externalizes the problems of the black community onto outsiders. Their view is entirely absent from the departmental and UCB-wide communiques.

The claim that the difficulties that the black community faces are entirely causally explained by exogenous factors in the form of white systemic racism, white supremacy, and other forms of white discrimination remains a problematic hypothesis that should be vigorously challenged by historians. Instead, it is being treated as an axiomatic and actionable truth without serious consideration of its profound flaws, or its worrying implication of total black impotence. This hypothesis is transforming our institution and our culture, without any space for dissent outside of a tightly policed, narrow discourse.

A counternarrative exists...

Read more

Absurdly, the University of California, Birkerley History Faculty confirmed the letter writer's thesis by issuing the following statement:

An anonymous letter has been circulating, purportedly written by a @UCBHistory professor. We have no evidence that this letter was written by a History faculty member. We condemn this letter: it goes against our values as a department and our commitment to equity and inclusion.

The implication is that to be an American University professor now requires slavish adherence to the PC narrative and hence a complete rejection of the ideals that underlie scholarship. America's academics are, evidently, no more than either dim-witted dupes of PC propaganda, or gutless conformists clinging to the easy life of a professor whatever the intellectual degradation, moral abandonment, and public ridicule such a position entails.

Time for smart young people to abandon the pursuit of so-called Higher Education, which has become mind-warping process of indoctrination in poisonous lies of political correctness.

Thursday, April 2, 2020

How Trump Will Take Over the Monetary Printing Press to Juice Markets for the Election

For all those in the alt-news world who rail against America's privately owned central bank, the Federal Reserve, with its power to print money without limit, here's an alternative that looks much worse: a President with the power to spend without limit and force the Fed to print the money to cover the cost. And that President is Donald J. Trump.

How has Trump acquired such power? As a reporter explains it, this outcome has been achieved through the creation of an:

alphabet soup of new programs that deserve special consideration, as they could have profound long-term consequences for the functioning of the Fed and the allocation of capital in financial markets. Specifically, these are:

CPFF (Commercial Paper Funding Facility) – buying commercial paper from the issuer.
PMCCF (Primary Market Corporate Credit Facility) – buying corporate bonds from the issuer.
TALF (Term Asset-Backed Securities Loan Facility) – funding backstop for asset-backed securities.
SMCCF (Secondary Market Corporate Credit Facility) – buying corporate bonds and bond ETFs in the secondary market.
MSBLP (Main Street Business Lending Program) – Details are to come, but it will lend to eligible small and medium-size businesses, complementing efforts by the Small Business Association.

To put it bluntly, the Fed isn’t allowed to do any of this. The central bank is only allowed to purchase or lend against securities that have government guarantee. This includes Treasury securities, agency mortgage-backed securities and the debt issued by Fannie Mae and Freddie Mac. An argument can be made that can also include municipal securities, but nothing in the laundry list above.

So how can they do this? The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.

In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades.

This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
So Corona virus and global pandemic, mass unemployment and the Greatest Depression, even if the worst that could happen happens, Trump is now in a position to buy a stock market recovery by November 2020, which means that the US is surely headed for the biggest stock market manipulation in the history of fixed markets and financial rackets.

Thursday, March 19, 2020

COVID19 Death Toll in Italy: No Need to Panic Yet, or Probably, Ever

March 19, 2020: Today, deaths in Italy due to the the novel Corona virus reached a total of 3,405.

The average age of those who died was 79.5 years.

Most who died suffered from one or several other diseases, including heart disease, emphysema and diabetes.

Prior to the COVID19 outbreak, Italy's death rate was running at about 10.6 per thousand, equivalent to 639,000 per year for the country as a whole.

So deaths attributable to the novel Corona virus have thus far increased Italy's death rate for the year by at most one half of one percent.

However, since most of those carried away by the Corona virus were both very old and more or less seriously ill due to other causes, many, probably most, would have died in the current year anyway.

Therefore, when 2020 ends, the effect of the Corona virus on Italy's death toll for the year may be rather small to negligible.

Yet the Western nations are shutting down their economies and debauching the government finances in the name of what is merely another strain of flu.

Looks like a colossal scam from which those with inside knowledge of government planning will make fortunes.

What Governments should be doing is something sensible like urging old folks to self-isolate, providing old-folks with home delivery of food, medicine, etc., and getting everyone to take at least 1000 units of vitamin D every day.

Radical measures beyond such obvious, minimal and sensible actions, should prompt voters to punish governments severely, as in booting from office, for buggering up the economy, and creating schemes for looting the treasury. Trump Out, Trudeau Out, Xi Out, etc.

Related:
Stat: John P.A. Ioannidis. A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data