05/9/17

Communists propel Chokwe Antar Lumumba towards Jackson Mississippi mayoralty

By: Trevor Loudon | New Zeal

American Maoists’ plans to transform the Deep South got a major boost on May 2, when Chokwe Antar Lumumba won the Democratic primary in the Jackson Mississippi mayoralty with 55% of the vote.

In heavily Democratic Jackson, Lumumba will likely coast into the mayor’s seat at the general election on June 6.

Like his father Chokwe Lumumba before him, who won the mayoralty in 2013, but died a few months later, Chokwe Antar Lumumba owes his job to America’s largest Maoist grouping Freedom Road Socialist Organization and allied Marxists.

Lumumba campaigner Cazembe Jackson

According to Freedom Road Socialist Organization national organizer Cazembe Jackson:

Freedom Road Socialist Organization/Organización Socialista del Camino para la Libertad (FRSO/OSCL) fully supports the campaign to elect Chokwe Antar Lumumba. This campaign’s foundation is based on a participatory style of governance. The people of Jackson have helped design the platform that Lumumba is running on…

In 2013, the late Chokwe Lumumba, father of Chokwe Antar Lumumba, wowed the entire country when he became mayor of Jackson. We know that a second people’s victory is challenging because those in power have already seen a glimpse of what a people’s platform looks like in practice. Today, the vision will be restored.”

FRSO/OSCL stands with the oppressed and working people of Jackson and the candidate that they have chosen, Chokwe Antar Lumumba. We’re here today driving folks to the polls, phone banking and poll watching! Dare to struggle! Dare to win!

Maoist revolutionary strategy emphasizes setting up alternative governments to those already in existence. These pseudo states give the revolutionaries legitimacy and provide resources and money to spread insurrection through the surrounding countryside.

Freedom Road Socialist Organization poster

Freedom Road will use the capture of Jackson to spread revolutionary ideas through the Southern Black Belt. They will use the city’s money to pay themselves salaries as full time revolutionaries.

The Maoists work using an “Inside-outside strategy.” They will use the Democratic Party to elect as many radicals to local, state and federal positions as possible. Then they will organize local low income, student and labor groups in opposition to the state.

Bill Chandler, white shirt, sunglasses

Bill Chandler, a member of the Communist Party spin off Committees of Correspondence for Democracy and Socialism, is Executive Director of the Mississippi Immigrant Rights Alliance and a major supporter of both senior and junior Lumumba. Chandler served on Lumumba senior’s Transition Team and supplied workers for both successful campaigns.

Under Chandler’s guidance, Jackson will likely become the leading Sanctuary City in the South. Watch for a major challenge to president Trump’s anti-illegal immigration policies coming from Jackson, Mississippi.

05/9/17

Term Limits: A Palliative not a Cure

By Publius Huldah

What’s the real problem with our federal government? That people in Congress serve too many terms? And if we get an Amendment to limit their terms, will our Land be healed?

Of course not! The real problem is that the politicians we elect ignore our Constitution – yet we keep reelecting them.

As a result, the federal government exercises thousands of powers not delegated; but everyone goes along with it. The States get federal funds for going along with unconstitutional federal programs; the People get all sorts of benefits, subsidies, and free stuff; and many live altogether at other peoples’ expense. And all this free money is added to the national debt.¹

Members of Congress also profit from ignoring our Constitution: By exercising the thousands of powers not delegated, they obtain endless opportunities to become rich, powerful, and important.

So, unless we turn over a new leaf, learn our Constitution and obey it, renounce unconstitutional federal programs and benefits, and demand that people in Congress also obey it; limiting their terms by an Amendment merely increases the turnover of politicians in Congress who ignore our Constitution – and to whom we must pay luxurious lifetime pensions.

What would happen if we turned over a new leaf?

For starters, if we required Congress to stay within the enumerated powers, two things would happen:

The job of US Senator or Representative would be so boring, few would want to be reelected. After all, how many times can you revise the bankruptcy code (authorized by I, § 8, cl. 4); fix the Standard of Weights and Measures (authorized by Art. I, §8, cl.5); and organize the Patent and Copyright Office (authorized by Art. I, §8, cl.8)?
There would be no opportunity to get rich while in Congress or build a power base. Also, the office would no longer attract those who go into politics for the sake of their own egos, pocketbooks, and neurotic power lust.

And if we also stopped pouring out the blood of our young people and our treasury for our constant military meddling all over the world, there would be very little for Congress to do. ²

After the cleanup period [see footnote 2], the job of US Senator or Representative would become so boring – and so financially unrewarding – it would be seen as a civic duty to be stoically endured for a short time – instead of a cushy ticket to personal wealth, power, prestige, and a luxurious taxpayer funded retirement for life.

So a term limits amendment is a feel good palliative ³ which distracts us from dealing with the real problem: People in Congress disregard the Constitution – but we keep re-electing them.

We could turn over a new leaf and fix our Country. Do we have the wit and the will? Who among you is willing to challenge the status quo and urge that we change direction? If ever a nation needed to turn from its wicked ways, it is us.

You have a moral choice before you: Consider this advice from a friend; or jump on the bandwagon pulled by the globalists and clamor for an Article V convention.

Endnotes:

¹ The PEW Report shows what percentage of each State’s revenue for FY 2014 was from federal funds [click on “select a state” to see your State]. Yet the “balanced budget” amendment lobby blames the federal government for out of control spending!

² A Congress which obeyed the Constitution would be very busy during the glorious time they were repealing unconstitutional federal statutes; dismantling unconstitutional federal programs, departments, and agencies; and impeaching and removing usurping federal judges.

³ Unlike a “balanced budget” amendment, a term limits amendment is not one of the worst ideas since sin. But it doesn’t address the problem. We need to focus on the real problem, not on palliatives.

05/9/17

A Quiet Day

By: Kent Engelke | Capitol Securities

Markets were quiet following April’s jobs report that all but guaranteed a June rate hike and the perceived convincing defeat of populism in France’s presidential election. Oil was essentially unchanged even as Russia and Saudi Arabia stated supply cuts will be extended.

Commenting about oil, three mega-sized investment banks commented that the backdrop for crude will and is quickly improving, with two of the three firms (Goldman and Scotia) using almost the same verbiage of “traders losing sight of the forest for the trees by focusing on US production growth and not in the context of declining global supply.”

As widely discussed, oil is down about 15% for the year, the result of American shale production. Inventories however have declined for four consecutive weeks.

Will crude and oil shares be the next beneficiary of massive funds flow, the result of algorithmic and technology based trading? Several firms have noted the bifurcation between oil and technology shares with the former as grossly undervalued and the latter grossly overvalued.

Perhaps the greatest over-valuation in the markets exist in the Treasury market. As written last week, based upon the CPE real Treasury yields, they are negative through 10 years.

About 10 years ago, I wrote an inverted yield curve has a 100% correlation to a slowing economy and all recessions were preceded by an inverted yield curve. I also wrote this has been the longest and steepest inversion in history thus suggesting the odds are very high a severe recession will occur. [Note: I did not remotely suggest the face of American capitalism would change almost on a daily basis].

Ten years later and as indicated above, today is also historical. The absolute dollar amount of bonds with negative real interest rates is at a record. Typically negative real yields are associated with inflationary growth. This is not the case as the economy has not grown by 3% per annum for 10 years, eclipsing the previous record of 4 years from 1930-34.

As noted many times, excess bank reserves are at historical proportions. Additionally, monetary velocity is anemic.

It is against this backdrop — negative real yields, excess reserves, a potential rise in monetary velocity – that I believe a 3% growth rate is achievable, perhaps even greater if the robust sentiment surveys translate into economic activity, partially the result of tax and regulatory changes.

Last night the foreign markets were mixed. London was up 0.60%, Paris was up 0.28% and Frankfurt was up 0.65%. China was up 0.06%, Japan was down 0.26% and Hang Sang was up 0.27%.

The Dow should open flat. The 10-year is flat at a 2.38% yield.