Our country has become bitterly divided. No matter who won the election, I predicted we would soon be reading about states wanting to secede from the union. Even before President Trump was sworn in, the California movement, known as Calexit, began. The first step is to ask voters to adopt a state Constitutional Amendment revoking the U. S. Constitution as […]» Read more
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Even before President Trump was sworn in, the California movement, known as Calexit, began. The first step is to ask voters to adopt a state Constitutional Amendment revoking the U. S. Constitution as the supreme law.
YesCalifornia.org makes this appeal:
"As the sixth largest economy in the world, California is more economically powerful than France and has a population larger than Poland. Point by point, California compares and competes with countries, not just the 49 other states.
Since 1987, California has been subsidizing the other states at a loss of tens and sometimes hundreds of billions of dollars in a single fiscal year.
…In our view, the United States of America represents so many things that conflict with Californian values, and our continued statehood means California will continue subsidizing the other states to our own detriment, and to the detriment of our children."
They outline reasons why citizens should vote for secession. Point 9 is a bit different, "California has some of the best universities but in various ways, our schools are among the worst in the country."
I'm unable to determine if the claim "hundreds of billions of dollars" is accurate. How is it calculated? Is a post office or military base returning money back to the state? Creditloan.com indicates California receives $.78 back for every $1.00 is sends to the federal government. Maybe they have a point.
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Some of my most enjoyable memories are when my youngest son Drew played baseball. How fortunate we were when an extraordinary coach, Gary Staab, asked him to play for the North Atlanta Mustangs. We spent our summers driving terrific young men all over the southeast. I wish I had taken a photo of 15 teen-age boys sleeping in my motorhome […]» Read more
The Keynesians and the Capitalists are heading for an economic showdown at the O.K. Corral. Keynesians believe the central government should control the economic levers affecting the masses. The economy can’t be entirely left up to the free market. Big government believers want the “leaders” determining the winners and losers. Controlling reallocation of wealth preserves the power of the political […]» Read more
Is there such a thing as free market pricing? Where does it exist? In last week’s interview with Ed Steer I asked about free market pricing in gold. His response relates to more than metals: “Free market pricing? Well, nobody knows what the true free market price of the precious metals really is, because there never has been a free […]» Read more
Central Banks are rigging the metals markets. Does it signal a buying opportunity? Will they ever be prosecuted for this illegal activity? I recently interviewed good friend Ed Steer who writes Ed Steer’s Gold and Silver Digest, a daily must-read. We discussed an article written by Peter Warburton in 2001 outlining the relationship between central banks and investment banks rigging […]» Read more
In 1935 the government passed Social Security into law setting up a government managed retirement plan for the majority of US workers. To fund the plan, they passed the Federal Insurance Contribution Act (FICA). The law mandates that employers withhold a portion of the worker’s salary (contribution) and requires the employer to match the contribution. It was sold to the […]» Read more
Out of nowhere, a motorcycle flew past me, crossing a double yellow line signifying a no passing zone. I braked and he jerked the motorcycle back into our lane barely avoiding oncoming traffic. I was 15 years old. The football coach doubled as our driver-training instructor. He remained calm and said, “You did the right thing; he’s racing to his […]» Read more
Last summer we went to Illinois to attend my 58th reunion of the Class of 1958. I’ve changed names to protect everyone’s privacy, but the story is real. Unlike the 50th reunion with it’s choreographed speaker list, we had an open microphone for anyone to speak. Stan, one of our standout student-athletes (he still holds a track record, and he […]» Read more
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