When it comes to Texas' relationship with the Federal government, the word "rocky" comes to mind. And nobody embodies said rockiness better than Texas governor Greg Abbott, who recently made headlines after announcing that irrelevant of D.C.'s demands, Texas would refuse to accept any Syrian refugees.
“There are reasonable concerns about the safety and security of the citizenry of the State of Texas regarding these refugees.”
That’s a quote from federal court documents filed in connection with a lawsuit the state of Texas brought against the State Department last year in an effort to block the Obama administration’s plan to settle Syrian refugees in the Lone Star State.
On Thursday, Alabama sued the federal government as well.
Submitted by Michael Lebowitz via 720Global.com,
“It’s self-defeating to use the wrong monetary policy.” -Ben Bernanke
Submitted by Jeremy Choate via Sufficient Reason blog,
This essay is a bit of departure from my usually reasonable and logical approach to important issues. That’s not to say that the essay isn’t well-reasoned and is bereft of logical argumentation, but I freely admit that it’s polemical, in nature. Sometimes you’re just pissed, and you need to vent. Here’s my vent…
Submitted by Jeff Opdyke via The Sovereign Investor,
Gold has a message for the market: You’re a nut if you trust the Fed.
In the days since the arbiters of American monetary policy raised interest rates on December 16 - the first rate hike in nearly a decade - gold prices have pretty much gone nowhere. On December 15, the day before the Fed’s announcement, gold closed near $1,065. As I write this, it’s at $1,070 … and it has seen a high of $1,084 and a low of $1,052.