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Guest Post: 30 Blocks Of Squalor - Government Built It, But They Didn't Come
Submitted by Jim Quinn of The Burning Platform blog,
I haven’t provided a 30 Blocks of Squalor update in quite a while. I generally don’t like to repeat myself, so I wait until I see something particularly disturbing, stupid, or outrageous. The well is now filled on all accounts and I’m ready to unload. The joys of West Philly are multi-faceted. I’ve been getting off at the Girard Avenue exit of the Schulkill Expressway for six years on my way to work.
The Philadelphia Zoo parking lots are located directly in front of the exit ramp. I then proceed to 34th street and take my little shortcut through the hood. About one year ago, a construction project began on the existing parking lot at 35th and Girard Avenue. I had no idea what they were building and why. Before long it became evident they were building a big ass parking garage. I was stumped. The zoo had multiple existing parking lots that were NEVER filled. As the months went on I realized they were building the Shangri La of parking garages with a majestic glass tower in front. This is the final result.

I began to wonder who came up with the money for this monstrosity, because the Phila zoo is a money losing non-profit that depends on donations for its continued existence. As I was driving down 36th Street a couple weeks ago I noticed a brand new sign telling me I was entering the Centennial District. That’s funny because I thought I was entering the slums of West Philly where no one works and everyone has a iPhone. This would be a more appropriate sign.

It all began to make sense when they installed the enormous signage naming this parking garage the CENTENNIAL INTERMODAL TRANSPORTATION CENTER. Orwell must be so proud. Liberal Democratic politicians now give grand flowing names to parking garages.

Now that I had a name for this unnecessary albatross I was able to do a google search to find out how much this 683 space, union constructed parking palace amidst squalor actually cost. I was flabbergasted to find out it cost $24 million. You can be sure it could have been built for $16 million if it had been built non-union. For some perspective, IKEA builds 300,000 square foot retail stores for $18 million. Now for the best part. YOU paid for 30% of this porkulus project. Your Federal tax dollars funded a major portion of this project. Here is the breakdown:
- Federal Transit Agency/Federal Highway Administration: $7.18 million
- Pennsylvania state Redevelopment Assistance Capital Program: $8.25 million
- Philadelphia city capital program: $0.7 million
- PNC Bank loan: $8.25 million
Pennsylvania taxpayers got a double dose of pork fever. Their Federal taxes paid for 30% and their state taxes paid for another 34% of this project. Of course, the rest of the cost was covered by debt. Think about this craziness for just a minute. The zoo had sufficient parking. The Federal government is running deficits in excess of $1 trillion per year. The State of PA is being bankrupted by government employee pension obligations. The City of Phila is a fiscal disaster. Three bankrupt government entities join forces to spend taxpayer money they haven’t collected on a project that isn’t needed. This is Keynesian idiocy at its finest. They should have named it the Krugman/Obama/Nutter Ultra-Liberal Phallic Center for Union Workers. You’ll also be happy to know they have plans to paint a huge mural of black people doing great things on the side of this waste of taxpayer dollars.

Now for the funny part. I stumbled across the architectural rendering of what this albatross would look like. Please note the beautiful foliage, as if this parking garage was in the middle of Valley Forge National Park. Also note the dozens of white people strolling along Girard Avenue. You also see the a portion of a modern trolley in the shot. Having passed this location every morning and evening for the last six years, I can assure you there is no beautiful foliage. There are scraggly diseased trees amidst garbage, debris, needles, and dead bodies.

The picture doesn’t do justice to this West Philly oasis of poverty, squalor and crime. The picture is missing the crazy black dude begging at the off-ramp. The actual trolley smells of urine and was built in 1963. The streets are crumbling. Water mains explode frequently. Every building is covered in graffiti. And 90% of the people on the streets are black, and the other 10% are walking really fast.

The Trayvon hoody wearing populace of West Philly aren’t interested in new parking garages or getting a job at the Phila zoo. They prefer EBT cards, armed robbery and drug dealing.

This is the reality of Girard Avenue. Gorgeous architectural renderings and gleaming glass encased parking garages paid for by taxpayers will do absolutely nothing to change the dynamic of West Philly. This is just another mal-investment by liberal do-gooders whose policies have created this shithole over decades.
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Speaking of mal-investment, this brings me to an update of Mantua Square. It is located two blocks from the zoo parking garage. I’ve written two previous articles about this monument to government pork, false promises, Keynesian idiocy, and your tax dollars:
http://www.theburningplatform.com/?p=27516
http://www.theburningplatform.com/?p=18696
Mantua Square continues the legacy of the welfare state begun in the 1960s by LBJ and his Great Society programs. There were thousands of low income high rises built in the 1960s and 1970s to provide subsidized housing for poor people. Mantua Hall was an 18 story taxpayer gift to Philadelphia’s poor.

As with most of these tenements, it quickly became a rat infested, crime ridden, drug paradise where even the Philly police would not approach. It became a dangerous crumbling disgrace. It proved that giving ignorant, lazy scumbags free housing with no strings attached and no requirements to work or keep their homes in any semblance of order leads to really bad consequences. So what did the liberal Democrats that run Philly do? They imploded the 18 story drug house in 2008 and started over.

Obama’s 2009 $800 billion porkulus plan spread your money far and wide to his minions in urban shitholes across the land. The Democrats in Philly were rewarded with millions for Keynesian make work projects for their union brethren. Mayor Nutter and West Philly Congressman Chaka Fattah commandeered $10 million of “stimulus” and another $18 million from HUD to replace Mantua Hall with a 101 luxury townhouse low income housing gated community in the heart of the West Philly slums. These corrupt government politicians never learn, or they don’t want to learn – is more like it. The Feds pay them off and they pay their union cronies off , assuring their re-election. Mantua Square opened in 2011 with balloons, ribbon cutting and promises of community redevelopment and a retail renaissance. I have to admit that it is a beautiful oasis amidst the squalor. Of course, at a cost of over $250,000 per unit to the U.S. taxpayer, it should be beautiful. How many hard working married American couples can’t afford a $250,000 townhome? I’ll go out on a limb and say, most. Why would a resident of a taxpayer funded $250,000 townhouse have any incentive to get educated and obtain a job that would make them ineligible to live in that townhouse?

This gated oasis was built with 8 retail stores totaling 7,400 square feet. The government drones were sure that if they built it they would come. It is now two years after opening and I’m sorry to say – NO ONE CAME. All 8 storefronts are empty. Not one West Philly entrepreneur has stepped forward with a fantastic retail idea. Shocking!!!! Maybe someone should have realized that with a median household income of less than $20,000, Mantua will NEVER sustain a single retail store, let alone 8 stores. You have less chance of opening a successful store in Mantua than finding a female with a wedding ring or a male with a school book in West Philly.
Maybe someone should have checked out the available facts before building these 8 retail stores:
http://www.city-data.com/neighborhood/Mantua-Philadelphia-PA.html
Some interesting tidbits:
- There are 7,854 people living in the area and 90% of them are black
- The median household income is $19,765 versus $50,000 in the U.S. (this means 50% of the households make less than $19,765)
- Only 14% of the households are occupied by married couples versus 48% in the U.S.
- 30% of the households are occupied by single mothers.
- 36% of the residents did not graduate high school, with another 35% not going further than high school.
- The average value of the decaying row houses in the neighborhood is less than $40,000.
- Over 43% of the population is living below the poverty line.
- The crime rate is three times the national average.
- The true unemployment rate is above 60%.
The statistics confirm my observations of squalor. I’ve driven past Mantua Square virtually every day since it opened. I can honestly tell you that the neighborhood has not been redeveloped or revitalized. Mantua Square is still surrounded by dilapidated, boarded up, rat infested hovels. There is no new retail. There is no community revival. A row house one block away simply collapsed during Hurricane Sandy. There are brand new union built wheel chair ramps on every corner of West Philly, paid for with the Obama stimulus funds. Of course, the sidewalks between the wheelchair ramps are crumbling, so someone in a wheelchair could never utilize them. But that’s OK. Wheel chairs are old school. I see many West Philly residents tooling around in the streets in their Hoverounds. Their practically free, don’t you know.
The local bar, next to the middle school, seems to be doing good business as there are usually 10 or 15 twenty something black men milling around outside when I pass by at 5:15 pm on my way home from work. They must accept EBT cards. Do you throw trash, garbage and beer bottles on your front lawn? The people in this neighborhood seem to think this is acceptable behavior. Monday is trash day in West Philly. This week I saw a leather couch that was nicer than my living room couch out by the curb. Last week I saw a big screen TV in the trash. I must really be doing something wrong. The amount of trash outside these low income townhouses is two to three times the amount we generate in a week.
It does appear that Obama’s subprime solution is working its magic in West Philly. How else can you explain the 20 something black man driving an $80,000 BMW 750 I saw yesterday in West Philly? I have seen the power gates of Mantua Square open and BMWs, Jaguars, and Cadillac Escalades departing. How can low income occupants afford such vehicles? The neighborhood around Mantua Square is filled with new model Lexuses, Cadillacs, and a particular favorite – Chrysler 300s. The hovels all have satellite dishes. The unemployed peeps all have cell phones.
Everything I’ve noted could not have been accomplished without the easy money policies of the Federal Reserve. The money printing of the Federal Reserve with no anchor to gold has allowed the welfare state to grow to immense proportions. It has allowed politicians to buy votes by spending taxpayer dollars on multi-million dollar Keynesian zero return albatrosses. It has allowed politicians to enslave black people on a welfare plantation of entitlements. Bernanke and his cronies reward mal-investment through their policies. They reward bad behavior (borrowing & spending), while punishing good behavior (saving and investing). West Philly is a testament to failed economic policies, government waste, lack of personal responsibility, corrupt politicians, excessive union costs, and the delusional belief that government can create economic growth. The 30 Blocks of Squalor is descending further into squalor and it will accelerate as Bernanke’s policies further destroy what remains of capitalism in this country.
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this whole story is raciss.
Jim, you really need to work on your Shout-Outs to core constituencies; try adding some HOPE, CHANGE, etc. You didn't even use the term, "folks," once, for crying out loud. Where is your free lunch? Where are your wealthy scape goats? Come on, it isn't that hard.
If Philly is like IL the big juiced-in contractors and building trades unions benefitted the most out of this as well as the "minority subcontractors"(which usually finish 1/4 of their bid work and then walk away from the job and still collect from their contract leaving the GC to finish the work)
AmeriKa = Shovel Ready 'Projects'
~~~
Thinkin' Cabrini Green here...
#FORWARD SOVIET ~ & enjoy your Obamaphone...
Are the gorillas confined to the zoo in Philly?
no
Some day that zoo will become a protein buffet...
Jeffery Goines & the army of the 12 monkeys will set them free...
I used to live in West Philly in the 1990's. It was a shithole back then too. I remember waiting in line at a CoreStates bank and some black lady standing behind me was telling me that she wished they would nuke Philadelphia. This is innercity black lady.
"raciss"???
WTF is that?
If you meant to say 'racist' then I agree. About 90% racist!
"Raciss" is how the people who cry on and on about racism pronounce "racist".
They have problems wif "T"s.
Sond ta me lak de hab treble spikin any kine lanwage!
Just axe them.
You are correct, but they can pronounce the "T" in EBT, just listen closely to the following:
http://www.youtube.com/watch?v=NzspsovNvII
gave me quite a cultural shock, this video
aside from racial issue. the main subject of the article seems to be one of moral hazard from continued abrogation of free markets (if they ever existed ;) )by the Fed. IMHO it is impossible to talk about moral hazard issue in a country where living beyond one's means is encouraged as a matter of state policy- remember Bush's call for all of us to go shopping? in other words the morality is upside down here and now. if you live prudently you lose in this society. if you follow the law you seem to be an idiot because those that dont follow the law get away with everything- HSBC, GS, JPM the entire LIBORgate, what was that 300 settlement for robosigning, the entire hedgefund commmunity with their bullshit returns (that cannot be matched by anyone who does not trade on material non-public information) and skyhigh paychecks and the list goes on and on and on. who in this country has any incentive to be an honest upstanding citizen? so I say, build on bullshit projects - at least some people will be spending their days more or less productively building them.
just saying.....
The animals will escape and make a protein buffet of the folks in the hood.
Yes. It's a sanctuary from the animals.
Way the F back in the 60's during LBJ's Great Society Scam, my dad sat upon a city council in the Midwest... in a town where not all council members were elected... some were picked from the business community. Pa was a straight shooter, a Good Christian Gentleman would describe him, God Rest His Soul.
And surrounding the State Capitol Building were, just as with many state capital buildings, a lower income community, this one being a very large agglomeration of shops, homes, apartments, etc. Low income, but a viable community. From which my Pa's business also proactively drew assembly line workers, BTW.
The locals not of the viable community thought with some handouts from the Feds, ssaid area could be converted into upscale housing. Apartment complexes, etc. Aka, a New Cabrini Green type environment.
My Pa objected strenuously, for he thought that the residents had a right to their own neighborhood, free choice to live there, to own a home, a shop, to indulge themselves in their own culture, etc. He feared a disenfranchising the populace by Federal Largesse.
So all the locals were thrown out of their viable community, and then, lo and behold, the "new community" called Urban Renewal in Federal Parlance, which my dad disgustedly called "Negro Removal" wound up being built elsewhere and for 20+ years, the area sat, grass, a few trees, etc. Naught, fuck all, but a wonderful vista of the state capital from the with green-nothingness thereabouts.
And a New Modern Slum built far, far away.
Which turned into another Cabrini Green
Thanks, Liberal America.
And then just for shits and grins, LBJ decided the same uprooted kids from their old neighborhood oughta get to go to Vietnam to keep themselves free of oppression.
And people wonder why we're the way we are.
The solution to LBJ’s failed Great Society was Clinton’s Section 8 wrecking ball for the suburbs in 1993.
Now rverybody in every formerly nice community across the country gets to enjoy gang crimes, graffiti and homeless shelters.
It has only taken 20 years for the infection to affect nearly everyone.
Is this a great country or what?
Agreed, section 8's seem a likely end game for the (unaffordable) mortgages on the GSE's books.
Manthong, Section 8 is by design.... forcing working people out of decent housing due to inflated subsidized rent being made to big real estate trust interests.... spreading reliable Democratic voters through the suburbs.... as far as I can tell, the holy trinity is Section 8, EBT, and an I-Phone....
Knukles
When we catch your down-voter -- and we will -- I recommend a merciless spank line.
'Liberal' and 'compassion' are the excuses du jour, the cover.
Thanks for sharing a real story.
Some guy goes through every post and clicks the down arrow. It's pretty funny actually how some people get all jacked up over it.
And, yes, I am giving you a down arrow - just for laughs.
Knukles, you'd likely enjoy Kurt Vonnegut's "Breakfast of Champions" (if you haven't read it already). He was from Indianapolis, and described the rot of late 60's and early 70's in "Midland City" in the ways that you describe. He also has a hilarious descripton of two black prostitutes in NYC "high on some Swedish hemmorohoid paste that they had eaten..."
Foreigners from Europe and the wealthier parts of Asia, unless they've travelled extensively in the U.S.A., have no conception of the rot surrounding cities like Philadelphia, Baltimore, Detroit, St. Louis, Utica, Springfield, Chicago etc. etc. etc. The Original Sin, the Faustian Bargain of slavery is boomeranging in the form of lousy deindustrialized slums, marinated in Great Society failed social engineering, that deform life in the U.S. in ways that are hard to explain to foreigners. One hint-- there is a reason many Americans commute more than 100 kilometers round-trip to their jobs in the central city. Maybe people from Southern England can relate (I've passed through Brixton), but few others can. Nothing is improving. Building parking garages instead of decent homes is the paradigm.
Interesting story, thanks for sharing.
Nowadays the projects are finished....they're called pro sports facilities. A few years ago I lived in DC's SW side, about one mile from Nationals park. What used to be a viable community was replaced yuppies, land speculators, upscale merchants, etc. just as you describe above.
The 'po folk gotta move across the Anacostia.
'this whole story is raciss.'
Wat up yo! Peep dis ... Rap is on point and tru to da game!
http://www.youtube.com/watch?v=6AZNb-UpwNU
The Obama Deception
The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people
http://www.youtube.com/watch?v=eAaQNACwaLw
"The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people"
That would a be complete waste of time. I don't need to watch a movie to see what O'bama is doing to America. Its extremely self-evident.
but yet there were enough people to get him re-elected. or was that just HAL and WOPR doing the vote counts?
Bullshit is always shovel ready.
Did the project buy Obama and his henchmen votes? <check>
Was Bennie able to fund it? <check>
Will it provide shelter for zombies in the coming years? <check> Will it hasten the reset? <check> What's not to like? Get over the idea that there is a "fix" out there, zero hour for the reset is the only thing in question now.Shovel Ready: Euphemism for Mass Grave.
I was thinking the same when I read the article. It reminded me of the destructive path Chicago has been going down for decades.
Short of a bailout which won't happen, default is the only option for these cities with massively underfunded pensions.
Yea, fucking Kelsey Grammar is an asshole mayor.
I didn't know that's how it worked.
Get some skin in the game bra!
headless-horseman.....i think the mighty Quinn is nothing more than another over paid professor at the univ. penn. in philly
Pierre douche! I thought you were dead!
There are three apartment buildings in this area that have housed middle income families for decades (can't make over $XXX or under $XXX etc..) Recently, a 'nonprofit' bought three of these complexes (in a resort area on the east coast) and have immediately gone to section 8 housing, kicking out the middle class in favour of the lazy, fuckstick class, largely because their rents are 100% secured by the govt.
Not a new story by any means but a very scary direction nontheless!
"There are three apartment buildings in this area that have housed middle income families for decades (can't make over $XXX or under $XXX etc..) Recently, a 'nonprofit' bought three of these complexes (in a resort area on the east coast) and have immediately gone to section 8 housing, kicking out the middle class in favour of the lazy, fuckstick class, largely because their rents are 100% secured by the govt.
Not a new story by any means but a very scary direction nontheless!"
Ever wonder why all of these banks etc. are buying up multi family apartments and townhomes in suburbia? I think you've just discovered the answer.
edited to add:
I suppose that you could call it reverse 'gentrification'.
In West Philadelphia, born and raised,
On the playground, was where I spent most of my days.
Chillin' out maxin', relaxin' all cool,
And shootin' some b-ball outside of school,
When a couple of guys who were up to no good,
Started makin' trouble in my neighborhood...
Smell ya later!
@ otto:
I've no problem being called a racist. It's a leftist scare label to cow people into silence and divert attention from reality. For those caucasians that feel it's racist, I'd suggest you put your beliefs into practice and spend an hour or two strolling around your local Mantua Square. "What's in your wallet?"
(enjoyed the sarc.)
Those good folks in Mantua Square aren't racist, they just believe in wealth redistribution at the local level. No need to wait on middle men like the Federal, state, or city governments to steal if first, take their cut, and then hand out the rest like scraps thrown in a pig trough.
I'd rather be called a racist than a leftist.
"Mantua Square continues the legacy of the welfare state begun in the 1960s by LBJ"
Just pointing out that little sentence, as it contains info and answers.
Anyone ever notice nearly the entire continent of Africa is the same or worse than West Philly? Just sayin'.
i'm sure you have some correlation in mind....can you just come right out and say it??
Yep, kleptocracy at its finest. Nothing like stealing white run farms and running them into the ground.
You bet it’s time to nail racism, otto skorzeny.
Racism is the axe that’s breaking this country. Black racism. It was racism that elected this president.
And it’s racism this government is using as a wedge to destroy America’s economy, the American nation and America’s culture. The blacks, the Jews, the Hispanics, the Asians, are killing this nation with their stupid racism!
The axe of racism is breaking this country into bits with its corruption, the waste, the laziness, the minorities hiring each other – discriminating against poor whites - driving them into dire poverty; all of these things are the result of racism. Hardly a day goes by that I don’t see a story of a black cheating the government; a big scandal in the legislature in New York is going on right now.
If you’re not sitting down when you read the statistics below, you had better, because this is exactly why America is declining. It’s declining because the Jews set up a system whereby they allow Third World racism to come in and destroy the family values of America and her age-old institutions while they look the other way.
And you bleeding hearts, after all this destruction and hate-mongering, have the nerve to worry about the blacks and Mexicans, but never the unemployed poor whites or their shattered families. You pontificate and worry about the black/Mexican drug problems; the black/Mexican gangs; the poverty in the black/Mexican-created “ghettos” and the fact that we don’t have enough blacks and Mexicans and Jews on the U.S. Supreme Court. But never a word do you utter about the suffering of poor whites and the destruction to decent white families. People who propagate these lies should be stopped.
This is why government is the enemy of the majority of Americans; this is why the majority of responsible, hard-working Americans hate government. This is why they’re buying guns every 1.5 seconds. It’s because of racism: Jewish racism with their majority in Harvard; black racism with their majority in Washington, DC. Between the two of them, the country is toast. It’s time to nail them with the truth.
Affirmative-action discrimination has hurt poor whites, shutting them out of the government employment market, forcing them to live in substandard conditions in once fine neighborhoods, compelling them to send their children to black majority schools and suffer most of the black crime in mixed neighborhoods (when the better-off ones have already left).
And you are silent.
In August 2011, Pat Buchanan penned the following amazing statistics on black employment within the federal government:
“Though 10 percent of the U.S. civilian labor force, African-Americans are 18 percent of U.S. government workers (black HuffPo columnist Janell Ross says it’s 21 percent). They are 25 percent of the employees at Treasury and Veterans Affairs, 31 percent of the State Department, 37 percent of Department of Education employees and 38 percent of Housing and Urban Development. They are 42 percent of the Equal Employment Opportunity Commission and Pension Benefit Guaranty Corp., 55 percent of the employees at the Government Printing Office and 82 percent at the Court Services and Offender Supervision Agency.
“When the Obama administration suggested shutting down Fannie Mae and Freddie Mac, the mortgage giants whose losses of $150 billion have had to be made up by taxpayers, The Washington Post warned, in a story headlined, “Winding Down Fannie and Freddie Could Put Minority Careers at Risk,” that 44 percent of Fannie employees and 50 percent of Freddie’s were persons of color.
“There is no way that these percentages for Black employment could not happen without discrimination against Whites. I should think a lawsuit would be in order.”
And the Senate Budget Committee's has just released a report showing that households living below the poverty line receive welfare payments the equivalent of $168 per day in benefits in the form of food stamps, housing, childcare, healthcare and more? That’s $62,400 tax free per year for the “poor.” While the brunt of all your jokes, good ol’ Joe Six Pack, earns an average of $21 an hour, after taxes.
Superb and insightful article. JR and the rest of you antisemites -- get off the fuckin' Jews, man. Intelligence should be rewarded not feared and attacked; this country is toast because there's a majority of jews at Harvard? Iimpeccable logic. You sound like conspiracy sheeple. You're no better than a lib, spouting off like that. Jews have nothing to do with this article. Jews are in Harvard because they are genetically predisposed to a higher liklihood of liquid crystalline intelligence quotent with a handful of other races, they provide themselves with more opportunity and they have community at Harvard. None of these things should be held agains them, unless you'd like to strip them of their inate liberties. I'll bitch slap you ass with a link if you'd like.
In regards to the article: you can't fix stupid.
Kevin MacDonald
http://www.theoccidentalobserver.net/2010/07/kevin-macdonald-jewish-over...
<snip>
One might simply suppose that this is due to higher Jewish IQ. However, on the basis of Richard Lynn’s estimates of Ashkenazi Jewish IQ and correcting for the greater numbers of European Whites, the ratio of non-Jewish Whites to Jews should be around 7 to 1 (IQ >130) or 4.5 to 1 (IQ > 145). Instead, the ratio of non-Jewish Whites to Jews is around 1 to 1 or less. (See here.)
<snip>
These data strongly suggest that Jewish overrepresentation at elite universities has nothing to do with IQ but with discrimination against non-Jewish White Americans, especially those from the working class or with rural origins. It would be interesting to see the dynamics of the admissions process. How many admissions officers are Jewish? And, whether or not they are Jewish,what pressures are they under to admit Jewish students? The brouhaha that engulfed the Princeton campus because Jews were “only” overrepresented by around 6.5 times their percentage of the population suggests that there is considerable pressure for high levels of Jewish admission. The Daily Princetonian ran four front-page articles on the topic, and the New York Times ran an article titled “The Princeton Puzzle.” (See here; the original NYTimes article is here.) Clearly anything less than 20% Jewish enrollment would be met with raised eyebrows and perhaps intimations of anti-Semitism.
The big picture is that this is a prime example of the corruption of our new elite. As noted previously, the poster child for this corruption is the nomination of Elena Kagan to the Supreme Court. The fact that she is a Princeton graduate now makes even more sense given that when she went to Princeton the percentage of Jews was around 18% — more in line with the de facto affirmative action policies favoring Jews that we see now in most Ivy League universities.
http://www.theoccidentalobserver.net/2010/07/kevin-macdonald-jewish-over...
Genetics? No, my friend, it’s racism, the air of superiority which sees others as their inferiors, which causes men to be slaughtered and others enslaved. It is a long torturous, tyrannical history that brought Sam Adams to the open debates in Boston and the farmers to Bunker Hill to establish, finally, what the Greeks had hoped for: freedom for every man and every man equal.
And those Harvard types of which you speak are hardly superior to their fellow Americans; it is rather an incestuous network promoted through the power of the Federal Reserve System in league with the Bank of England. It’s the unequal force of racism that has captured America’s financial system, its reins of domestic and foreign policy, its entertainment and media businesses; it is not genetics that has America by the throat. It is racism.
Harvard, with its 25% Jewish students, with its Harvard Business School and Harvard Law School, is both the symbol and the supreme leverage point of the Power Elite, according to economist Gary North.
“The central battleground has always been the control of the faculty of Harvard," says North. "The other Ivy League schools are the second tier in this ring of power….
“New York City and Washington, D.C. -- Wall Street and the Beltway -- are where the anointed exercise their rule. This mirrors the circles of power in England: Oxford, Cambridge, and the City of London, a legally separate jurisdiction from the city of London.
“Bankrolling the American power elite are fewer than a dozen large banks, mostly in New York City. They have an insurance company: the Federal Reserve System. Bankrolling the British power elite -- called the Old Boy Network -- is a similar system of banks. Their insurance company is the Bank of England, which is the model for the FED.”
America’s Jewish population, likewise, was and is the driving force behind the 1965 US Immigration Act. The intent of the Act was to switch immigration opportunities from European countries to Third World countries such as Mexico, thus, bringing a substantially different culture into the country.
Why? Because, say spokesmen for the Jews, only in a culture where there is no strong ethnic majority are the Jews “safe.”
In the words of Charles Silberman in 1985, “Jews are safe only in a society acceptant of a wide range of attitudes and behaviors, as well as a diversity of religious and ethnic groups.”
Jewish activist Earl Raab proclaimed in the Jewish Bulletin in 1993 that America now has a pluralistic culture because of the 1965 Immigration Act used by Jewish political activists to “alter the ethnic composition of the United States.”
Raab argued that the Jewish community took the leadership role in changing the Northwestern European bias of American immigration policy, thus, inhibiting anti-Semitism, by “increasing ethnic heterogeneity” in America to make “it even more difficult for a political party or mass movement of bigotry to develop.”
The word “privilege” means connections, that you know someone in high places, that you help each other as a collective against the lone individual, that you work as a culture unto yourselves as opposed to other cultures, that your culture sees advantage in taking advantage of other cultures, they you target individuals as a group because an individual obviously has less power—which is the definition of the Hebrews.
Perhaps you can gain an understanding of what I mean by reading the following:The Daily Princetonian: October 23rd, 2009
Choosing the Chosen People: CJL director examines why Princeton’s Jewish population is the second smallest in the Ivy League by Hannah Martins October 23, 2009Graphs usually help clarify confusing data. There is one graph, though, that raises more questions than answers, and it’s clamped in a three-ring binder in the office of Rabbi Julie Roth, the executive director of the Center for Jewish Life (CJL). For the past five years, Roth has been working to change a puzzling statistic: Thirteen percent of Princeton’s undergraduate student body is Jewish, the lowest percentage of any Ivy League university besides Dartmouth, which comes in at 11 percent.
Jewish students at Harvard, Brown, Columbia and Penn make up 25 percent of their respective undergraduate populations, and at Yale and Cornell, the number is 22 percent, according to data provided by Hillel, a leading international Jewish campus organization.
This data corresponds closely with data collected by the CJL, though both organizations depend on students voluntarily identifying their religious preference. The 13 percent figure suggests that Princeton’s population of Jewish students has only increased slightly since an Office of Religious Life survey 10 years ago showed that 10 percent of undergraduates were Jewish.
At the time, this statistic represented a significant decline from a peak of roughly 18 percent in 1980. This drop elicited widespread concern: In April 1999, The Daily Princetonian ran four front-page articles on the issue, prompting The New York Times to write a piece in June of that year titled “The Princeton Puzzle” about the decline of the Jewish population on campus. That, my friend, is racism.
Gradually, a campus-wide debate emerged over what the statistic meant for the University…
http://www.dailyprincetonian.com/2009/10/23/24251/
Computational/Quantitative finance in the 6bil+ corp hedge field is what controls our economy from Carnegie Mellon, not the banking elite from Harvard. I should know; my brother-in-law manages 8 bil annual and I see his algos and data sources once a quarter.
BTW, what the fuck do propose we do with these privileged? Strip them of their relationships and their leverages? Gimme a fucking break man, you're whining against human nature and throwing a tantrum like a kid from the projects looking for a hand out. You're so radically "right" in your point of view trying to defend your childish spite of the Jewish people, you've met your ass on the end of the far left.
If you're going to be an armchair economic pundit, I wouldn't take shots at races.
And you sound like fucking Hitler, who initiated one of the greatest currency fabrications in macroeconomic history. Good company, JR.
“…what the fuck do propose we do with these privileged? Strip them of their relationships and their leverages?”
You bet your sweet life that’s what I would suggest. And the reason is because I value what this country was, what its future was, what the freedom and promise was that it held for its people. And a ruling, criminal elite has the democratic institutions from the state department to the military complex to the Congress of the United States by the throat.
And it is choking the life out of my beloved country!
I want these people gone so bad I can’t tell you!
I would suggest that your intentions are good but your implications are misguided. I would hope a Jew or any American would shoot your ass dead if you attempted to strip them of their wealth, which is the cause of their relationships and leverages and you believe to be a good suggestion. Just back off the Jews, man. Bigotry dilutes the worth of what you're saying. I want these people gone too, but lets not set the monster's neighbor's house on fire because we like watching shit burn.
My preferred method for removing them from power is to see that the Congress of the United States, which was given the authority by our Founders to represent the people’s welfare, do the removing of the AIPAC lobby, et al., which has assumed control over all US domestic and foreign power. And I suggest that it be the Congress that takes back its responsibility to issue and control the nation’s money supply and its stability as an exchange-medium and store of value. I did not suggest violence. And, like you, I do not want a monster created to get rid of the monsters.
Dual Citizens in the 112th Congress
http://wramsite.com/forum/topics/dual-citizens-in-the-112th-congress-the...
JR, you are pathetic!
So you supposedly value the "freedom and promise" of the USA, but at the other side you want to eliminate (how?) members of one religion that are exemplary at proving that the American values are alive...
Do something with your life man, instead on hating on poeple that have succeed!
One of the primary codes of the Founders was that this nation should have freedom of religion. If the Israeli lobby is religion, I will eat my hat. It’s Christinaity that is under attack, that is hated.
JR...Keep up the good work.......
Bingo
And it's Freedom of Religion, not Freedom from Religion
The latter being that demanded by the atheistic statists
Its just a damned shame we have to use bold, CAPS and italics to make these obvious points to our "progressive", freedom loving, intellectual superiors ;-)
CriticalUser
re:
Ok I'll keep beating this horse...
How does the term 'antisemitism' fit into the "members of one religion" angle? Seeing as how:
The whole "God's Chosen" bullshit is what really grates on me on the subject of the 'Jews'
Quite a lot of conspiracy theories JR, argumentated with many quotes taken out of context, it saddens me :-/
The import of black slaves wasn't an idea of Jews, and so isn't the flow of Mexican immigrants that aren't crossing the border on orders from their "jewish overlords".
If the selection procedure of Harvard was rigged, you could be sure that that would be a scandal mouthed by the non-jew MAJORITY. Since admission into Harvard is highly sought upon, do you think poeple would not speak word about supposed favoritism? Or do they stay silent because of the FED-sprayed chemtrails?
Come on man, think rationnaly. usualy conspiracy theories need far to many knowing poeple to remain silent. That is practically impossible, especially now with internet and so.
Tempted to switch my display name to "Jewish Overlord". That one really tickles me. I got this picture of a Rabbi sweating his ass of in Mexico pointing at the locals (waving him with palms) to run across the border indiscriminately and in waves.
"The import of black slaves wasn't an idea of Jews"?
Documentation in “Who Brought the Slaves to America?” by Walter White Jr. (1968), established the Jewish role in international and U.S. slavery. Here are excerpts:
“Jews owned over 300 Slave-Running Ships, too numerous to list here, and in continuous operation without interruption bringing Cane from the West Indies, to be made into Rum in Rhode Island, to Africa to trade for slaves, back to the West indies to drop off some slaves, pick up more sugar, onto Carolinas to drop of more slaves pick up more cane and GOLD, back to Rhode Island, to pay the Gold to the Ship owners, and drop off the few unwanted slaves as domestic help…
“It is essential to comprehend the seaport of Newport. It is important in order to recognize the Jewish share in the Slave Commerce. There was a period when it was commonly referred to as "The Jewish Newport – World center of Slave Commerce…
“Newport also became the great trade harbor of the East Coast of North America. There, vessels from other ports met, to exchange commodities. Newport, as previously mentioned, represented the foremost place in the commerce of Rum, Whiskey, and Liquor dealings… It was from this port that the ships left on their way across the ocean, to gather their black human cargo and then derive great sums of money in exchange for them.
“An authentic, contemporary report, based on authority, indicates that of 128 Slave ships, for instance, unloaded in Charleston, within one year, 120 of these were undersigned by Jews from Newport and Charleston by their own name. About the rest of them, one can surmise, although they were entered as Boston (1) Norfolk (2), and Baltimore (4), their real owners were similarly the Jewish slave dealers from Newport and Charleston.
“One is able to assess the Jewish share in the entire dealings of the Newport, if one considers the undertaking of a lone Jew, the Portuguese, Aaron Lopez, who plays and important part in the over-all story of the Jews and Slavery.
“Concerning the entire commerce of the Colonies, and the latter State of Rhode Island, (which included Newport) bills of lading, concessions, receipts, and port clearances carried the signature name of the Jew Aaron Lopez. This all took place during the years 1726 to 1774. He had therefore more than 50% of all dealings under his personal control for almost 50 years. Aside from that there were other ships which he owned, but sailed under other names.”
http://www.iamthewitness.com/books/Walter.White/Who.Brought.the.Slaves.to.America.htm
Just might point out that all the aforementioned activity was engaged in under the Crown of the King of England when the American Colonies.
Another fact our British cousins so conveniently forget when playing Bait the Yank.
You might want to watch this too...
Professor Tony Martin on the African Slave trade
http://www.youtube.com/watch?v=cj1sKZC0cwY
The argument that whites don't get enough hand-outs compared to blacks is flawed. Nobody should get hand-outs. Oh, and the "government employment market" isn't a real market. It's also a hand-out.
Thanks for your response. But you have me confused with someone else. I did not advocate hand-outs to anyone; I merely explained the discrimination against the working man revealed by the welfare statistics. My subject was racism, discrimination. And it is a very critical subject at the point in our nation’s history.
"the discrimination against the working man". It's that langauge that gave the Union it's inertia to the clusterfuck we have now.
I noticed a lack of the MSM-approved phrase 'urban youths'. Maybe throw in a 'disaffected minorities' reference next time as well.
And we're supposed to be dropping "illegal aliens"
Gonna have to replace it with "Unregistered Democrats"
Do well in school?
After reading this, it's so obivious - TPTB can NEVER stop printing dollars. If they do, their life expectancies will be in days, not years. Their people are not theirs.
No worries. These areas are self-liquidating. And the overflow will be target practice for DHS.
If you live in PA, click +1 !! Wanna feel the solidarity!
Just curious to know how many PA residents read ZH!
It is a beautiful story with a fairy tale ending. Quite lovely.
Typical liberal Democrat O city. The end of western civilization.
The truth is right there in the pics etc. now on to the Uganda jungles of Detroit.
For some perspective, IKEA builds 300,000 square foot retail stores for $18 million.
Yeah, but the customers are the ones who do all the actual work.
the customers are force fed IKEA cafeteria "food"
Mmmmm, reindeer balls! (I hope)
no horsing around in the cafe.
Funny story.
I went to Ikea once to buy something. Put all the parts in the cart. I get to checkout and they tell me I'm missing a part to it that's not available in the store. Ok, I'm not buying it. I might come back another day. They tell me I have to put it back on their shelves. Of course I say no way. They tell me it's store policy. I tell them I'm not a customer and walk out.
Friend had a similar experience; bought some monstrosity of an entertainment center and got half-way through before he discovered it was missing a piece. Took over a month to get it, meanwhile this huge piece of shit is sitting in the living room unfinished. Told me he told the wife next time she wants to buy something there it either better be put together already or to hire the guy from the store to do it because he'd rather go through a divorce than that shit again...she doesn't shop there anymore.
and IKEAs dont go up in the slum, neither!
East palo alto is the biggest slum on the peninsula.
that's where the ikea is, too.
Thats interesting, the only ones I have seen are next to class A retail space malls.
You can call it racist if you wish. I call it "what is".
It's the fucking Detroit-ification of America, and it'll only get worse. Plenty of people at the top see absolutely no problem with any of this. This is "success" for them: keeping multiple generations enslaved in ignorance, fixated on consumerism and debt, and reliably voting for MOAR GOVERNMENT.
This isn't some kind of tragic side-effect — this is the intended result of a very specific plan.
"They don’t care about you at all, at all, at all.
And nobody seems to notice, nobody seems to care."
They will NOT prevail!
Both coasts can fall into the ocean as far as I care
Then you will have a new coast to just h8 on, and less land.
Walls....closing in fast.
That's just stupid. I don't hate the coasts because they're coasts. And I don't hate the coasts. But if a tsunami came and washed the people away, that would be an acceptable substitute to falling into the ocean.
Molotov- don't you dare compare Philly to Detroit. Detroit isn't fit to lick the sweat off Philly's corrupt balls. HANDS DOWN Philly is the penultimate one-party-town with every horror show that implies.
This is the city in the last election that threw out Republican poll monitors from DOZENS of voting precincts. And several of those precincts reported 100% Obama votes. No exaggeration- 100% for Obama. Not a single vote for Romney (or anyone else). Go look it up if you don't believe me. Remind you of any 3rd world country's reported election results?
Philly is the reason why PA will NEVER be in play for the Republicans or anyone else. Dems OWN Philly, so they OWN the state. Polls are irrelevant since they will literally change the votes no matter what drops in the ballot box. Romney thought he might win PA in the last election- what a dope! He never had a chance.
When I worked in Philly years back my office was LITERALLY 150 Yds. outside the boundary which runs right down the middle of City Line Ave. in W. Philly, by the way. That was just one exit further west from the pictures you see in the article, above. But 150 Yds. means a lot being outside vs. inside. I threatened to quit if the new office was located within the city limits of Philly.
You think this article is harsh, perhaps exaggerated? You're getting the sugar-coated version of Philly. It's worse.
Am an old Philly boy myself. I remember better days. It breaks my heart. The beautiful Quaker influence is long dead. There was culture, banking, medicine (still have that). I agree. Gone tot he dogs. The Dems own Philly and hence the state.
Some districts of Philly vote 105% for Obama last time around. The New Black Panthers intimidtated voters at the polls. Eric Place Holder investigated. Nothing to see here. Just move along.
Odds are you worked for Susquehana Capital in Bala-Cynwyd. Certainly your office was in BC. Hanging on a finance board suggest that you might have been with Susquehana. I thought that was perhaps a mile away from City Line Avenue. You are right about crossing that line.
BTW: You are in there with 98% of the population which thinks that "penultimate" means the absolute superlative - the highest of the highs - that with no equal. It simply means next to last. From the Latin paene meaning almost and ultimate meaning last. Hence: almost last= next to last. Think peninsula - almost an island.
I crushed my little nephew about five years ago. He asked me if infinity was a number which could never be reached, what was the number before that. I said: 'That is easy, it is the penultimate number.' All the other adults aound had a good laugh. He knew he had been had. Odds are he didn't go to the dictionary.
I thought penultimate meant the worst of the worst. So bad it's the absolute #1 at being worst. Didn't know it meant "next to last". I wouldn't have used it if I had known that.
Nobody accused me of being the sharpest knife in the drawer. Next time I'll stick to smaller words like just plain old "ultimate."
I didn't work at Susquehanna. Good guess, though.
anyone who thinks infinity has anything to do with numbers doesn't understand the concept.
If they don't see a problem then they've never been to West Philly. In the 80's (and probably today) the Philadelphia Police referred to it as "West Beirut"; said the drug dealers who "owned" the various "corners" were better armed than the police.
It's a frightening, decaying hell hole. I pity the creatures in the Philadelphia Zoo.
I call it the ObaMao dream.
Everyone is equal, all on the streets
Let it burn to the ground now and make sure Bernanke is hung in the public square. Do those who vote you down ever think the Marxist in the WH might not know how a functioning economy works best?
All in my opinion of course.
I am richer than you, as I have bigger cardboard box!
Clearly you, as I have, been thru this part of town. This is a spot on article.
EXCUSE ME!! Get the vernacular right:
"Whu Tiz"
Empiricists are often mis-labelled as racists.
Sweet lies are preferable to ugly truths.
As Stefan Molyneux points out, if the whole family is sitting around at Christmas dinner and you say,
"Uncle Archie molested me for 4 years when I was 8 to 12"
Who are they going to be upset with?
Maintain the lie, we don't want the truth!
Como otro gringo viejo yo siempre doy una flecha verde para el gringo viejo.
Vivin Los Gringos Viejos!!!
I live in this shitbox swamp called New Orleans. You think it's bad in West Philly, NOLA is right up there. Want to see incomptenence at it's finest google "OPP Prison Video."
Inmates drinking tall boys, shooting heroin off a bible study book, in possession of a loaded gun all in jail. We're Haiti in the United States.
There are white people & there is white trash....
There are Mexiacans & there is wetbacks...
There is black people & there is nigs..
so forth so on.. I don't think the truth is racist..
Playa's robbin' himself a bank!
Seems like you hit just about every stereotype you possibly could with this shot across the bow.
<Wait....you forgot the one about putting two in the head of the zombies.>
Don't think I've seen an article quite like this on on ZH before. And you know what I mean.
Is this going to become regular fare here? Sticking to doomerism might be a better tack. This article proves that China's building of ghost cities has nothing on what we do ourselves, but there might have been a better presentation of the situation.
Judging from the comments, it's exactly what the people want to hear. Jim Quinn venting on blacks, liberals and the unmarried.
I really don't get it. Isn't this what white conservatives want - gentrifying all those scary, lazy, poor blacks into shithole urban areas? Jim's pissed about the sub 20k income mixed with high end luxury cars; welfare queens and drug selling entrepreneurs living together. Why? If the government wants to piss money away, might as well take it. If the war on drugs and criminalized prostitution creates get-rich-quick opportunities for risk taking young black men, why shouldn't they take advantage? Who is buying those drugs and hookers? Eh, nevermind. Just clench your fist and shake it at the easy targets.
Jim was just disinvited to the playa haters ball.
The continuing crisis.
All funded by the last of the taxpayers.
https://www.youtube.com/watch?v=KRTdeYHoQgg
They will print and print and print and print and print and ...............................................................................................
they were spraying the fuck out of Philly the day the street view camera car visited Girard Ave
http://oi50.tinypic.com/10h4v1k.jpg
Dude! Those are just contrails from all the Phily vaporizers!
Nother day in paradise..
Good Times. Ahh dammit, that was Chicago.
Should've went with:
In west Philadelphia born and raised
On the playground was where I spent most of my days
Chillin' out maxin' relaxin' all cool
And all shootin some b-ball outside of the school
When a couple of guys who were up to no good
Started making trouble in my neighborhood
I got in one little fight and my mom got scared
She said 'You're movin' with your auntie and uncle in Bel Air'
Looks like you beat me to it!
Hey Denise and Joy, how'd you get to the grand canyon?!?!!
WITH HOVEROUND!!!!!!!!!!!!
A professor of mine once told me, "Stereotypes exist because there are people that fit the stereotype..."
Who gives a fuck what a "professor" told you?
If you think it, own it!
dickwad
get bent
Got your thong on backwards again?
Seriously? you dumb shits down-voted because i admonished someone for hiding behind someone else's "stature"?
prove it or stfu.
My barber once told me that people think Udaman a big meanie.
But the guy who rebuilt my tractor engine said that he's just frustrated and misunderstood by people who have been brain washed into PC/bullshit statist/MSM ideals of backing up our thoughts with titled experts opinions in order to not have to actually defend our position.
That and he probably lives his life surrounded by morons who are not watching this slow motion trainwreck of economic/societal/government corruption.
Like the rest of us.
Anyone else here find themselves pacing and mumbling and shaking their heads these days?
When you make generalizations that way, it's "racial stereotyping"...
When I arrive at conclusions that way, it's "Bayesian Analysis".
For one who has studied the governement policies which have led to the subprime fiasco, I can say that this story accurately describes the situation of the city neighbourhoods that the FED and Congress are trying to subsidize since LBJ. This mess will not end nicely.
Great article.
Perhaps the government plans to create strife between lower and middle classes as a means to distract them from the fact that they and the upper class created the crisis in the first place.
Think about it. The gov gives lots of freebies to the poor, then when it pulls the rug out from under them the gov has to channel that anger in some direction (other than towards itself, which is obviously where it should be directed). Probably they're just buying votes with Shalom bucks though.
Makes sense.
Similar to what US's arab allies, Saudi Arabia, et al. do by directing the hate among their disenfranchised towards the Great Satan.
Divide and conquer has always been a reliable tool of the oligarchs and their political toadies to control the sheeple. And the best divide and conquer card to play in the history of the U.S. is the race card. It has worked every time in the past. I though we had move past this as a country, but it looks like there set to play it again.
Give up your taxpayer job at the local U, Quinn you stinking white piece of entitlement free shit.
He doesn't know shit from Shinola
Why anyone would waste their time and energy reading this 9\11MORON’s oft repeated. cribbed pop-culture essays is totally beyond comprehension.
http://www.youtube.com/watch?v=21pPpYw_axQ
Tell the readers something they don’t already know SmokeyQuinn. If you are so fucking smart, where is your long winded and eagerly awaited explanation of what you ‘think’ happened on 9/11?
Until then, here is a little homework for you down-arrow retards, those just off the short bus to enroll in ZH special class.
Economy Will Implode-Jim Willie
http://usawatchdog.com/economy-will-implode-jim-willie/
Use time constructively and listen to someone, who unlike Quinn, knows the difference.
to look at his diatribe one must surmize how we got here and forget it as ill gotten gain (peg)with some facist support(corps) and trade agreements to grease the skids. it was too easy for us to fall for this cheap labor for debt-haha-see who laughs last.
facsism has no soul. klepto mindset. admit the truth we are completly f'd. industrial base gutted-inovation has left the building and is on the other side of the world. towers of admin and paper pushers. digital keystrocker with carpeltunnel and disability ya say- fat ass diet cokers ready to drop. o-care for last gasp...
hey china gamed, we bot. 25b/quater for 10 yrs, on their ledger. so if a 10 percent haicut ensues(100b) per year what ya gonna do? this could move fast if these dollas start finding the wrong home. how about 250b haircut?
ask the mafia if they think they should give it up? any retailer? one trillion treasuries is one hellava lot of money honey.
100 billion+ is all the motivation i need to begin to think the dolla dun deal is plausable- to end run the bully. oh, and what you say about all the military build-up in africa and key points all over the place over there. nice backdrop to drop back and dump the mofos right on their ass.
least not forget how the dolla became the world reserve way back after wwII. did we have remorse-think not, just shit ton of debt to rebuild-nice job uncle sam, ya played that one right-thank you germany!
they have a ready aim fire middle class in the wings - redux 50's amerika style-some things just remain the same. target the middle class - cities built and ready(kind like homeland security and the camps)
all they have to do is back it up with a little shiney and have rigid controls-one thing china has proven they can do - ie the peg.
see if you got the stuff you really are in control. what do we have? debt based dolla with a gun to everybodies head. how long is china gonna put up with that?
You should take a remedial course in basic punctuation. Perhaps we'd be able to follow what you're saying. Just saying.
what...
"Everything I’ve noted could not have been accomplished without the easy money policies of the Federal Reserve." -- Jim Quinn
...more of the Fed's handiwork. Video today on LewRockwell:
Economy Will Implode – Jim Willie interview - by Greg Hunter USAWatchdog.com
"Dr. Jim Willie of GoldenJackass.com says powerful forces around the globe are working to do away with trading in U.S. dollars because of massive money printing by the Fed. Dr. Willie says, “The world makes a reaction, and what they have done is create, slowly but surely, a U.S. dollar alternative for trade.” Dr. Willie’s sources say precious metals will be used to back a new currency and predicts, “The gold price will be $7,500 to $8,000, and silver will be between $150 and $250 per ounce.” This will be a disaster for U.S. Treasuries, and Jim Willie says, “All these Treasury Bonds will be sent back to the United States where they can choke U.S. bankers . . . they cannot refuse them.” Dr. Willie predicts “the economy will implode,” and he says, “I don’t believe we’re going to see garden variety powerful inflation. I believe, instead, we’re going to get large widespread cut-off of supply chains” as foreigners simply stop accepting the dollar. As far as dollar assets inside the U.S., expect widespread confiscation. Dr. Willie contends, “When the losses from the debt write-downs come, I see tremendous national wealth lost because private accounts are really just bank assets.” Join Greg Hunter as he goes One-on-One with Jim Willie, Editor of the Hat Trick Letter."
http://lewrockwell.com/hunter-greg/hunter-greg19.1.html
I did not junk you JR but I don't know about all this Jim Willie stuff. I thought everyone has been a net seller of UST's for a long time now.
I also don't see how Jim Willie can walk it out that far and not predict that it would lead t WW3...or does he?
If you haven't seen the whole spot fonz, take a look, well worth your time...
good idea, listening to it now.
Jim Willie's been writing the same article for so many years he is to be ignored. Turn the record over Jim!
Hey Fonz, Bernanke's middle name means "welfare" in Hebrew. Think about that!
Too much belief, not enough analysis:
Which powerful forces? Financiers? The same ones getting rich with the cheap Fed credit?
I call bullshit. None of these people have any idea, they cannot see what is in front of them, they have no business offering investment advice.
By the way, private accounts are really just bank liabilities not bank assets you dumbass(es) ...
That corrupt union stuff has been going on in Philadelphia since before I can remember. I don't expect it to change any time soon.
On the bright side, growing up there gives you a stomach strong enough to handle the following: vampire squid stealing from taxpayers, endless federal reserve shenanigans, watching gov't workers in CA and IL steal from the country...etc...not to mention that you get good at "duck and run"
Jim Quinn...any relation to Dr. Robert Quinn?
I'm waiting for Hollywood to do a Sci-Fi movie called, The Founding Fathers time Warp to Philadelphia. On second thought, make it a comedy.
Choice lines for Ben Franklin:
"I brought a copy of the newpaper I used to print but no one here can read."
"They stole the Liberty Bell, melted it, and sold it for scrap?"
"judging by the rate of gunfire the revolution never ended".
And then comes John Adams :
"Oh so now, slavery is the whites working for the blacks?"
"Feels strange to see everyone thinking that the only gold they need is in their teeth repairs"
"I thought the media was meant to be a check against government power rather than its propaganda tool?"