America

“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.

Authored by Paul Craig Roberts,

One hundred years ago European civilization, as it had been known, was ending its life in the Great War, later renamed World War I. Millions of soldiers ordered by mindless generals into the hostile arms of barbed wire and machine gun fire had left the armies stalemated in trenches. A reasonable peace could have been reached, but US President Woodrow Wilson kept the carnage going by sending fresh American soldiers to try to turn the tide against Germany in favor of the English and French.