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

Tag Archives: Private Property

Worldwide Recession Impending and Inevitable

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Christine Lagarde, managing director for the International Monetary Fund (IMF), warned that the world faces the risk of a “lost decade” and that “there are dark clouds gathering in the global economy.”

Reiterating her call for global cooperation, she added,

If we do not act, and act together, we could enter a downward spiral of uncertainty, financial instability, and a collapse in global demand. Ultimately, we could face a lost decade of low growth and high unemployment.

Following a “financial dialogue” between China and India, it was announced that the global economy is now in a “critical phase…. There are clear signs of a slowing as developments in advanced economies begin to weigh on [both of] these countries.” And the Chief Executive of Hong Kong, Donald Tsang said earlier this week that the world economy faces a 50-percent chance of a recession.

Economist John Hussman thinks those chances are much closer to 100 percent.

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Food Prices Rocket

Eighty-year-old Dottie Bell is a volunteer at the Community Market food bank in Opelika, Alabama, and every day she sees the impact of high food prices on people in her community.

In the last 12 months, more than 3,000 families have come to her food bank for food assistance. Michael Davis is just one of them. When Dottie asked him for his identification, he pulled out his driver’s license and Social Security card from a worn ZipLoc bag and handed them to her. When she asked when the last time was that he’d eaten anything, he said: “About two days. It’s not a good feeling. You have to

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The Food Crisis Explained (Away)

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Hysterics and Manipulation

When the UN’s Food and Agriculture Organization (FAO) announced its latest round of increases in the cost of food, analysts were nearly breathless in their recommendations for solutions that involved—what else?—more international “cooperation,” under the tender ministrations and control of the UN.

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Chile’s Privatized Social Security Program is 30 Years Old, and Prospering

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As a quiet example of how privatizing Social Security works in the real world, Chile’s 30-year experiment is succeeding beyond expectations. Instead of running huge deficits to fund the old “PayGo” system, private savings now exceed 50 percent of the country’s Gross Domestic Product.

Prior to May 1, 1981, the Chilean system required contributions from workers and was clearly in grave financial trouble. Instead of nibbling around the edges to shore up the program for another few years, José Piñera, Secretary of Labor and Pensions under Augusto Pinochet, decided to do a major overhaul of the system:

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Donald Trump: The Art of Bankruptcy

Donald Trump

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As ABC’s Amy Bingham pointed out on Thursday, Donald Trump has “built an American empire from Las Vegas to New York,” but has sought bankruptcy four times along the way.

Trump told George Stephanopoulos last Friday, “I’ve used the laws of this country to pare debt…. We’ll have the company [that’s in financial trouble]…we’ll throw it into a chapter [11 bankruptcy]. We’ll negotiate with the banks. We’ll make a fantastic deal. You know, it’s like on The Apprentice: It’s not personal. It’s just business.”

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Atlas Shrugged: the Movie

Atlas Shrugged

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Something is terribly wrong. The Dow has dropped below 4,000, gasoline (when available) costs $37.50 a gallon, the nation’s infrastructure is deteriorating, businessmen are wearing sandwich boards asking for work. Government’s response to the enervated economy is to impose even more regulations and forced wealth-redistribution on already-highly regulated business and industry. A gray palpable pall hangs over the land. Meanwhile, the nation’s most productive citizens begin to disappear voluntarily, one by one. But why? The question is answered by another question as mysterious as the disappearances themselves: “Who is John Galt?”

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John Allison: Free Market Banker

BB&T

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When asked during an “Online with Terry Jeffrey” interview about how to solve the debt crisis facing the country, former Branch Banking & Trust (BB&T) CEO John Allison, was direct:

If you run the numbers…the United States goes bankrupt. It’s a mathematical certainty.

Now countries don’t go bankrupt the way companies do. They don’t file [for] bankruptcy. They usually hyper-inflate. They print a bunch of paper money, or they become Third World economies like Argentina—unless [they] change direction. So, we absolutely have to change direction.

When challenged about how to change direction, Allison was refreshingly candid:

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Progressives Emerge Unscathed

WASHINGTON - DECEMBER 16:  Sen. Bernie Sanders...

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The hard-core Left represented by members of the Congressional Progressive Caucus in the House of Representatives will survive essentially undamaged in today’s mid-term elections.

Only one member of the CPC lost in the primary election, and only one other member is predicted to lose in today’s election, according to the Cook Political Report. Three other members of the caucus are in races too close to call. The other 77 members of the CPC will keep their seats.

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Eminent Domain and the Kelo Echo

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“This is abuse…. It’s [another] case of eminent domain abuse,” said Renee Smith-Ward, owner of Wag’In Tail, a dog-grooming salon in Auburn, New York. As reported by Fox News, the city is threatening to use “eminent domain” to seize her salon and other private property nearby to allow a builder to construct a hotel conference center.

Smith-Ward said, “I don’t believe it’s right to take someone’s property away from them for a hotel, for a private developer.” She said she thought eminent domain was “for power lines, roads, schools, hospitals [but] not for a private developer.” Another property owner, Michael Kazanivsky agreed: “These people just want to come in and steal it from you. They’re trying to take it from me. It’s not right.”

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Will Obama Nominate Napolitano for the Supreme Court?

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Evidence is mounting that Obama will have another opportunity to appoint a justice to the Supreme Court when Justice Stevens retires next summer.

Justice John Paul Stevens, age 89, raised some eyebrows when he hired just one law clerk to his staff for the current term. Full-time Justices can hire as many as six clerks, and retired Justices usually hire two.

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Eminent Domain Battles Continue: Fee Simple Is Not So Simple

Eminent Domain Abuse -

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The Appellate Division of the State Supreme Court in Manhattan, New York, has ruled against Columbia University’s plans to use eminent domain to develop a satellite campus in Upper Manhattan.  This reflects one minor skirmish in the battle that has raged nationally ever since Kelo vs. City of New London was decided by the Supreme Court in 2005.

In his “A Summary View of the Rights of British America”, Thomas Jefferson made one last plea to King George to reconsider the path England was taking in its relationship with the American colonies.  With elegance and eloquence, Jefferson laid the moral and political groundwork for life, liberty, and property:

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Kelo v. New London: All for Naught, or Not?

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The city of New London, Connecticut, fought for and won at the highest level permission to take private property from one person and give it to another. Now that victorious “person” (i.e., pharmaceutical giant Pfizer, Inc.) is closing its New London facility and moving it to Groton. Was it all for naught?

Some think so.

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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.
Copyright © 2018 Bob Adelmann