nthesecond said: Copblock reporting PMC in ferguson :o
The Blackwater-esque military contracting company ‘Asymmetrical Solutions’ announced on Twitter yesterday that they are deploying special ops to Ferguson.
From their facebook:
At suggestion of our client who felt our position was unique, our public message was one of frustration that someone who would typically call upon us to escort them to Baghdad, Kabul, etc. would feel the need to ask us to take them into a suburb of St. Louis
In our time inside the Ferguson area, we came into ancillary contact with numerous demonstrators and protestors who did not seem to have any commitment to violence or chaos, but only wanted to peacefully have their opinion heard or report on the matters at hand. It seems a few bad actors are being treated as the whole.
Law and order is important. Rioters and looters should be arrested and prosecuted. They cannot be used an excuse for the Governor to unnecessarily detain or arrest a peaceful press or lawful demonstrators. The Government has a duty to defend those liberties with the same vigor in which they defend private property from theft and destruction.
How to respond to that? I get that their use of “lawful demonstrators” is fairly ambiguous and vague. But they also seem to be (at least through this post) siding that the protestors are in the right.
I feel like this ties in to what I was saying about talking to vets about militarization on the homefront. A vast majority of PMCs are veterans, and know what an occupation looks like. I feel like whoever was the author of this statement falls under that umbrella.
Deflation increases the real value of government debt, making it harder to repay. If deflation is not reversed, there will be an outright default on the national debt, rather than the less traumatic outcome of default-by-inflation. Deflation slows nominal GDP growth, while nominal debt rises every year due to budget deficits. This tends to increase the debt-to-GDP ratio, placing the United States on the same path as Greece and making a sovereign debt crisis more likely.
Deflation also increases the real value of private debt, creating a wave of defaults and bankruptcies. These losses then fall on the banks, causing a banking crisis. Since the primary mandate of the Federal Reserve is to prop up the banking system, deflation must be avoided because it induces bad debts that threaten bank solvency."
— James Rickards, The Death of Money
I’ve always wondered why governments fear deflation so much. I always chocked up to propaganda wins in the quest for public opinion in favor of inflation. But really it’s just to prop up the debt financed economic system the government has constructed for us. Almost every action taken by monetary and fiscal policy central planners has been to perpetuate the debt driven, consumerist economy.
Deflation is good for the savers and ghastly for the debtors. Conversely, inflation is a saving grace for debtors and a slow cancer for savers. It all starts to make sense. You guys should read this book. I’m only into the introduction and I like it. (via antigovernmentextremist)
— A Twitter user/former veteran quoted in Paul Szoldra’s fascinating Business Insider piece detailing the militarization of police in Ferguson, Missouri right now (emblematic of police militarization across the country) — MRAPs, and M4 carbine and MARPAT look-alikes. (via thepoliticalnotebook)