Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: History

The Implosion of the Social Security Disability Ponzi Scheme Accelerates

Fresh data just released by the trustees of the Social Security Administration show that the number of people receiving benefits from the Disability Insurance Trust Fund has exploded over the last five years, reducing the surplus in that fund from $216 billion in 2008 to just over $100 billion in 2013. There were 7.4 million recipients in January 2009, but as of October 2013, there are nearly 9 million beneficiaries, not including

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Credit rating agencies downgrade Chicago debt, again

The day after the Illinois state legislature adjourned without dealing with the state’s $100 billion crisis, on Friday, November 8th Fitch Ratings downgraded $8.5 billion of Chicago’s bonds as well as its outlook for future downgrades as “negative.” Said Fitch: “The city has been unsuccessful in its attempts to negotiate a solution with labor unions [or with] the state legislature, which ultimately controls the benefit formulas [of the state’s pension plans].” This is the second downgrade by Fitch since July,

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Former Treasury Secretary Geithner to head up private equity firm Warburg Pincus

Former Treasury Secretary Timothy Geithner announced his plans to join the Wall Street private equity firm Warburg Pincus in March 2014 where he will serve as president and managing director.

Geithner is the proto-typical insider with establishment ties that follow almost exactly

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Drug Cartel Is Being Pushed Back by Fuerzas Autodefenses – Self-Defense Forces – In Mexico

This article was first published at The McAlvany Intelligence Advisor on Wednesday, November 13th, 2013:

 

For Hipolito Mora, the owner of a lime plantation in Michoacán, one of Mexico’s 32 states, the final straw was the refusal of a packing company to buy his fruit because he wouldn’t pay a 10% kickback to the drug cartel that owned it. For Miguel Patino Velaquez, it was the sight of others in his town taking up arms and joining forces to fight the cartel. For Leticia, a lime picker, her tipping point came when she and her two children witnessed the

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The “Stadium Wave” Explains Flat Temperatures for the Past 15 Years

This article first appeared at The McAlvany Intelligence Advisor on Friday, November 8th, 2013:

Judith Curry’s explanation as to why global temperatures have not changed for the past 15 years makes too much sense, so the global climate-changers are scrambling to find other causes.

Curry is the head of Georgia Tech’s Department of Earth and Atmospheric Sciences, and in her press release she explained the climate-changers’ predicament:

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“Stadium Wave” Phenomenon Defeats Climate-changers’ Claims

In its press release, Georgia Tech announced that stadium waves, similar to those seen and enjoyed by fans at football games, may provide a much better explanation for the “hiatus” or interruption in global temperature increases than those promoted elsewhere:

The stadium wave hypothesis provides a

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The Bubble in the Caribbean: Puerto Rico

This article was first published at The McAlvany Intelligence Advisor on Wednesday, October 30, 2013:

The complacency of municipal bond holders ended in July with the filing for bankruptcy by Detroit, an unhappy town of just 700,000 owing more than $18 billion to investors. Haircuts there have variously been estimated to be between 15 and 60 percent.

Since then, those holders have been looking around to find the next shoe to fall, and they have found it:

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Even Lower Gas Prices are Coming, says CNBC

On Friday Anthony Grisanti was jubilant. Writing for CNBC, he predicted that gas prices, down significantly from where they were in April, would continue to slide by at least another 10 cents per gallon, perhaps more. That would bring the average price, currently at $3.29 a gallon, closer to

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Why are Puerto Rico’s Bond Prices Falling?

Despite the fact that Puerto Rican (PR) municipal bonds are triple-tax-exempt (no federal, state or local income taxes apply on their interest), those interest rates have skyrocketed since the Detroit bankruptcy first ended the complacency among municipal bond investors in July. High quality municipal bonds are paying little more than 1 percent annually but PR bonds, even though they remain investment grade (barely), have spiked

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Chevron Charges Opposing Attorney with Greenmail in Landmark Lawsuit

After nearly 20 years of defending itself against charges that its drilling operations in the Amazon jungle in Ecuador caused all manner of environmental damage, pollution and disruption and dissolution of the cultures of the natives in the area, Chevron Corporation finally decided to go on the offensive. On Tuesday, October 22nd, Chevron, the eleventh largest corporation in Fortune magazine’s Global 500, sued Steven Donziger, the leading attorney in a series of lawsuits going back to 1993, for fraud and bribery used to

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Progressivism’s Proof: American Indian Poverty

Any man who thinks he can be happy and prosperous by letting the government take care of him, better take a close look at the American Indian.    – Henry Ford

Using their portable forge, members of Lewis and Clark’s Corps of Discovery fabricated various iron implements and traded them to the Mandan and Hidatsa Indian tribes in what is now North Dakota, in exchange for corn, beans, squash and tobacco to sustain them during the winter of 1804-5. Several months and a thousand miles later the Corps was surprised to see that one of their implements, an axe,

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JP Morgan Buying its Way Out of Legal Troubles

The announcement that a tentative agreement had been reached between the Department of Justice and JPMorgan (JPM) was surprising only in the size of the penalty the country’s largest bank (and second largest in the world) agreed to pay:

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There is no Debt Ceiling in place under the new Law

A closer look at what actually passed late Wednesday night reveals that the limit on the national debt wasn’t raised, it was eliminated altogether, at least until February 7th. What actually happened is that

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Tea Party Accepts Challenge from Obama to “Win an Election!”

The president couldn’t resist spiking the ball after scoring his “keep the status quo” touchdown earlier this week in his remarks on Thursday:

You don’t like a particular policy or a particular president, then argue for your position. Go out there and win an election!

That is exactly what conservative challengers are doing to those perceived to have

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US oil output is up 25 percent from just one year ago

If the increase in US oil output continues to increase by 25% every year, as it did from September 2012 to September 2013, total US output would double every three years. It’s a simple case of mathematics, compound interest, and the Rule of 72.

The main thing working to keep that from happening is

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Surprise! Obama turns on the Liberal Press that Helped Elect Him

This article was first published by The McAlvany Intelligence Advisor on Monday, October 14th, 2013:

In a greatly underreported study, a group supposedly gathered to protect the “integrity” of the press and to “defend the right of journalists to report the news without fear of reprisal” has just discovered the obvious:

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The Supreme Court’s Docket is Full of Cases that could Endanger Liberty

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, October 9th, 2013:

The potential for liberty’s shrinkage during the Supreme Court’s session that began on Monday is significant, with some exceptions. The cases on the docket range all across the spectrum:

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Supreme Court’s Docket Full of Potential Mischief

As the Supreme Court opens its review of pending cases this week, there is substantial risk of constitutional mischief in many of them. The court will be ruling on

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The Press Release from the Treasury Department is Pure Propaganda

This article was first published at The McAlvany Intelligence Advisor on Monday, October 7, 2013:

The so-called “brinkmanship” press release by the Treasury Department reveals far more about the willingness of the media to report and repeat a canard that it does about the “crisis” facing the US if the government defaults.

Here are the title and just the opening paragraphs from the Treasury Department:

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Hurdles Facing Supporters of North Colorado as 51st State are Daunting

The national media are beginning to pay attention to movements threatening to secede from existing states and form their own new ones. There’s even a competition between efforts in western Maryland, Michigan’s Upper Peninsula, northern California’s Siskiyou County, and parts of southern Oregon to be the first to become the country’s 51st state.

None are as far along, however, as those efforts pushing to win the honor for

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.

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