by Simon Black
Sovereign Man
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.
Iran elected to UN Women’s Rights Council
Last week, Iran was among the United Nations member states elected to its Commission on the Status of Women, the “principal global intergovernmental body exclusively dedicated to the promotion of gender equality and the empowerment of women.”
Quick reminder: Iran brutally oppresses women. Married women have no legal protections against domestic violence, and must ask permission from their husbands to leave the home, or hold a job.
Joe Biden may not be a radical socialist, but he is doing the best imitation of one this writer has lately seen.
The nation has finally learned what it takes to remove a bad officer from a police force and provide some modicum of justice in a police-abuse case. We need only capture on video an officer slowly snuffing out a man’s life, have that video go viral, endure some of the most far-reaching protests and riots in modern history and, then, after nearly a year of soul-searching and debate, wait for a jury to render a verdict.
(Bloomberg) — The Treasury’s bill auctions Thursday drew the lowest yield in more than a year as an excess of cash in front-end of fixed-income markets kept borrowing costs anchored near zero.
Gold investment capital flows are a primary driver of gold-price trends, fueling both major uplegs and corrections. Massive outflows from dominant gold exchange-traded funds really intensified gold’s recent extended correction into early March. But gold’s young upleg since has increasingly dampened that mass exodus of American stock traders. Stabilizing gold investment precedes new buying, which is bullish for gold.
Thursday night, history giant and student of current affairs Jimmy Kimmel, of late-night fame, decided to take a stab at ripping South Carolina GOP Senator Tim Scott after Scott delivered a rebuttal to President Joe Biden’s State of the Union address and insisted that America is not a racist country. Kimmel mocked Scott by pointing out that Scott is the only black GOP U.S senator and thus had no right to assume the GOP isn’t racist, taunting, “An amazing thing happened after the speech. Every black Republican senator got together to let the American people know the Republican party isn’t racist.”
Joel Greenberg, the alleged wingman for Matt Gaetz under federal indictment, has reportedly written a “confession letter” which claimed the Florida representative paid for several sexual activities, including with a 17-year-old girl.
Governor Ron DeSantis (R-FL) said Thursday on Fox News Channel’s “The Ingraham Angle” that there is no systemic racism in America, dismissing it as “a bunch of horse manure.”
Politicians never seem to have much trouble telling us they want to raise taxes. It seems to come as naturally to them as breathing does to the rest of us. They do their level best to keep the spotlight on “the rich,” of course, who they say must “pay their fair share.” But what do politicians hardly ever say? They hardly ever say who “the rich” are. And when they do, they usually point to multibillionaires while meaning people with considerably less. What do they also never say? They never say what a “fair share” is. It really just means “more.” Who would’ve thought.
Nothing has changed over the past week. The Fed remains dovish, and in spite of its transitory speak about inflation, prices continue to soar. Biden calls for even more stimulus, but it’s doubtful all of it will make it through the Senate. Meanwhile, the parameters for Gold remain the same. Resistance is at 1800 and support is at 1740-50.
In the latest hysterically contrived moral panic, a Jeopardy! winner is now facing cancellation by the mob for doing a “white supremacist” hand sign despite the fact that it was actually supposed to indicate the contestant had won three games.
Like those looters in Portland, Seattle, and other U.S. cities, progressives in Washington think the property of others is theirs for the taking. They control a majority in both house of Congress and the presidency, so they believe they have the right to take whatever they wish. They have plans to eliminate the Trump tax cuts and raise personal tax rates by 25%, capital gains taxes by 60%, and corporate taxes by 33%.
The Arizona legislature passed a bill yesterday that would make the state the 16th* in the country to require a criminal conviction before law enforcement can take property under civil asset forfeiture.