3 bargain FTSE 100 shares I’d snap up for my Stocks & Shares ISA

first_img Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 3 bargain FTSE 100 shares I’d snap up for my Stocks & Shares ISA Every stock market crash in history has provided opportunities for big future profits. I’m pretty sure the coronavirus crash will be the same, so I’ve been hunting through the FTSE 100 for potential bargains.A neat packageSupermarkets aren’t the only companies that have been trading well this year. FTSE 100 packaging group DS Smith (LSE: SMDS) said on Wednesday that it had seen growth in several areas over the last six months.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…DS Smith’s main business is in food and e-commerce packaging, so it’s benefited from extra demand for groceries and internet shopping during the lockdown.There’s still some risk of disruption in the year ahead, so management has suspended dividend payments until at least July. However, the firm’s financial position looks reasonable to me and I expect payouts to return fairly quickly.The DS Smith share price has fallen by more than 20% so far this year, leaving the stock trading on about nine times forecast earnings. If the dividend is resumed at previous levels, the yield should be about 5.5%. I own this FTSE 100 share and would like to buy more.This FTSE 100 stock looks safer than housesCoronavirus has brought the housing market to a halt, but I suspect the slowdown will last longer than this. I’m more interested in investing in commercial property at the moment.One stock on my buy list is FTSE 100 landlord British Land (LSE: BLND). Around 55% of the REIT’s property is London offices, with 41% in retail and 4% in the group’s Canada Water redevelopment project.Obviously many of the group’s retail and hospitality tenants are going through a difficult period at the moment. But British Land’s financial strength means the group can afford to offer payment holidays or deferrals where needed. In the meantime, I expect minimal disruption to rent collection from the group’s office tenants.The picture looks messy this year and the 2020 dividend may be reduced or cancelled — so the 6.7% forecast yield is at risk.However, British Land shares now trade at a discount of about 50% to their net asset value. In my view, this means a lot of bad news is already priced-in to the stock. I see this FTSE 100 group as a bargain buy at current levels.Profit from China recoveryBank investors weren’t very happy when the UK regulator told them to scrap dividend payments on 31 March. Shareholders in FTSE 100 bank HSBC Holdings (LSE: HSBA) were particularly unhappy, as their bank generated virtually all of its profits in Asia last year.HSBC’s London stock market listing meant that it had no choice but to comply with the dividend ban. But the group’s balance sheet looked strong to me at the end of 2019. I’m pretty sure that this 200-year old bank could afford to absorb Covid-19 losses and pay a dividend.News out of China suggests that the world’s second-largest economy is already cranking back into life as the pandemic recedes. I believe that HSBC’s profits are likely to be more resilient than those of some UK-focused banks.Until the bank dividend ban came into force, HSBC shares were offering a forecast dividend yield of about 8%. I expect the bank to resume dividend payments at the end of 2020, or as soon as it’s allowed to. In my view, the shares offer good value for income buyers at today’s prices. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Roland Head owns shares of British Land Co and DS Smith. The Motley Fool UK has recommended British Land Co, DS Smith, and HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images Roland Head | Friday, 10th April, 2020 | More on: BLND HSBA SMDS “This Stock Could Be Like Buying Amazon in 1997” See all posts by Roland Headlast_img read more

Bankruptcy court addresses Detroit water shutoffs

first_imgAt march in solidarity with Palestine, July 13.>br />WW photo: Kris HamelJuly 16 — A dog and pony show put on by the U.S. Bankruptcy Court in the Detroit municipal bankruptcy proceedings took an unexpected turn on July 15 when Moratorium NOW! Coalition activist Kris Hamel, who is also a WW managing editor, told the judge he needed to put a moratorium on mass water shutoffs and ameliorate the suffering of the poorest Detroiters.The hearing was for objectors to the city’s emergency manager’s “plan of adjustment,” which outlines deep cuts in health and pension obligations to city retirees and the “clawback” of workers’ annuity funds in order to pay the city’s alleged debt to the banks. Out of more than 600 objections that were filed by rank-and-file workers, residents and retirees, 100 objectors were chosen to appear at the hearing and given five minutes each to address Judge Steven Rhodes. Because the austerity plan is essentially a done deal according to the EM and corporate media, many objectors did not bother to show up. But several dozen testified as more than 100 spectators watched from another room.Poignant and heart-wrenching testimony was given by retirees, especially regarding the now high cost of their health care. A cancer patient told of skipping her appointments because of high doctor visit co-pays, while another said his health care costs have gone from $152 to more than $1,000 per month since draconian health care cuts became effective in March. Moratorium NOW! organizer and city worker Andrea Egypt also addressed the court, saying the situation in Detroit “parallels the austerity measures imposed on the public workers in Greece by the officialdom, the banks and the corporations.”Mass water shutoffs an ‘international disgrace’But it was when Hamel, the last objector of the morning session, took the podium that for the first time the mass water shutoffs were brought into the city’s bankruptcy case.“The Detroit Free Press reported [EM Kevyn] Orr’s office calling the water shutoffs, quote, a necessary part of Detroit’s restructuring, close quote. The real agenda,” continued Hamel, “is to make the water department more attractive for privatization to union busters like Veolia Corporation, known worldwide for its crimes against humanity, especially against the Palestinian people.“While the poorest Detroiters have their water cut off for owing $150, JPMorgan Chase, UBS [United Bank of Switzerland], Loop Financial and Morgan Stanley were paid $537 million in termination fees on interest rate swaps out of $1 billion in bonds issued from 2010 to 2013, bonds that were earmarked to fund repairs of the water infrastructure system, not line the pockets of these four banks. Orr, while cutting off water to the poor and raising water rates, has not taken one step to recover this $537 million giveaway to the banks.”Hamel challenged the court: “As you have stated on prior occasions, Judge Rhodes, the buck stops with you in these bankruptcy proceedings. It is up to you to stop the national and international disgrace and humanitarian disaster of mass water shutoffs in the city of Detroit. You must immediately enjoin these shutoffs by placing a moratorium on them today and ordering Orr to implement a real water affordability plan for the poorest Detroiters.“And it is up to you to order Orr and his cronies to stop shilling for the banks that Jones Day [Orr’s former law firm, which represents the EM-run city) lists as its clients, and to recoup and recover the $537 million paid to the banks out of water bonds meant for the people. Chase and UBS have a record of criminal fraud regarding swaps like these all across the U.S. Go after the banks, not the poor, because in Detroit, the city most devastated by years of bank fraud and racist predatory lending, the people are paying the banks rather than the other way around. This is not equitable.”Water shutoffs ‘a problem affecting this bankruptcy’The audience applauded Hamel’s testimony, and then Rhodes demanded that the Jones Day lawyer for the city address the water shutoffs. Her lack of knowledge was immediately apparent and the judge ordered her to bring to the afternoon session a representative of the city who could address the crisis and the way the city was handling it.From 11 a.m. to 2 p.m., activists with Moratorium NOW! and other groups gathered in front of the courthouse for a people’s speakout against the plan of austerity. Retirees and others who had testified in court were interviewed by local media and spoke at the rally.At the 2 p.m. session, Darryl Latimer, deputy director of the water department, was presented to the court and grilled by Judge Rhodes. It soon became clear the city has no program for reaching customers with overdue water bills and that a whopping 30 percent down payment is needed for the “payment plan” offered by the city. While Latimer stated there is flexibility with the 30 percent, many observers said that that was an outright lie. Latimer also lamely claimed that they don’t shut off water to people, only to addresses, and that residents are not warned of the shutoffs. He said that informational inserts have been put in with bills and that a “water fair” is being planned.“Your residential shutoff program has caused not only a lot of anger in the city but also a lot of hardship,” said Rhodes, who added, “It’s caused a lot of bad publicity for the city that it doesn’t need right now.” The judge admonished Latimer that the water shutoffs are “a problem affecting this bankruptcy” and that the city “has to do much, much better” to advise residents of payment plan options and impending shutoffs.“If your report is accurate,” Rhodes told Latimer, “it sounds like efforts are needed to help residents maintain their water services. That’s a solvable problem. Mr. Orr needs to come up with a much more aggressive plan to solve that problem.”Rhodes ordered Latimer to appear in court on July 21 with EM representatives to “report on what initiatives the water department is taking.”The water shutoffs being addressed in bankruptcy court was top news for the day, with radio and television reports including interviews with Hamel and retirees.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

U.S. sanctions, cryptocurrency and blockchain

first_imgA recent front-page headline of the New York Times read, “To Evade Sting of U.S. Sanctions Nations Ponder Digital Currency.” (Jan. 4, 2018)The deception in this report begins with the seemingly harmless phrase “U.S. Sanctions.” The implication is that enforcing U.S. sanctions is a righteous move against rogue states. In reality, sanctions are an instrument of economic warfare, used like a blockade or siege with the aim of compelling a surrender to Wall Street and U.S. transnational corporate powers.The list of countries facing U.S. sanctions currently includes Cuba, Venezuela, People’s Korea, Iran, Zimbabwe, Syria, Russia, Somalia, Sudan and Yemen.Sanctions are imperialist economic warfare, aimed at the destruction of a population through deprivation and even starvation. But if that economic warfare fails, it is usually followed by military warfare. A brutal example of this was what happened to Iraq in the 1990s, when U.S. sanctions led directly to the deaths of 576,000 Iraqi children (New York Times, Dec. 1, 1995), followed by a U.S. military blitzkrieg in 2003 that destroyed much of the country.The Times report says nothing about these sanctions or their destructive toll. It instead worries about the possibility that nations might evade the imperialist sanctions through the use of digital cryptocurrency.  The report speculates that blockchain, the technology base for cryptocurrencies such as bitcoin, can be used for business transactions that circumvent sanctions.Blockchain has been used for bitcoin speculation or buying drugs (Silk Road), gambling (MegaDice), tax evasion (Tumbling) and various scams (Mt. Gox, ICOs, Ransomware).As that list shows, businesses can use cryptocurrencies to carry out secret transactions that are hidden from the government as well as from the big central banks. Their successes show that it is possible to conduct business while evading U.S. sanctions. While this conduct would be secret, it would not be illegal because sanctions are war — and countries facing sanctions have the right under international law to defend themselves from economic warfare.Blockchain transactionsBlockchain transactions use a peer-to-peer network with no central authority to verify the exchanges. Transactions are signed with a digital key and recorded in a public ledger that is stored across many computers at the same level — the computers are the peers — instead of on one central computer. This setup, by enabling cryptographic verification of the blocks of the transactions, ensures that the history of the transaction can’t be altered.The holder of a cryptocurrency is identified only by a digital key. There is no identity record of the holder, which means that no recovery is possible should a key be lost or stolen. Theft of keys has been a significant problem. On Nov. 25, Fortune magazine reported that 2.56 million bitcoins — then worth $20 billion — had been lost or stolen.Cryptocurrencies using blockchains have generated some enthusiasm among those who want a world beyond the control of the monopoly capitalists and Wall Street bankers. Even the terminology used — cryptocurrency — implies that it is something not subject to a central authority. But is that even possible without a revolutionary break from the capitalist prison that controls the economy?Is cryptocurrency even a currency?Under capitalism, currency or money initially took the form of a physical commodity, like gold or silver, because trade needs a commodity with a value that could be easily determined. The value of gold is the amount of socially necessary labor time to produce it — mining, smelting, etc.Karl Marx showed that gold and silver are conventionally used as money because they embody a large amount of labor in a small, durable form that is convenient. Printed money has almost no labor value, so it is sometimes called fiat currency. That is, the bank that issued the note has promised that it can be exchanged for any commodity with a value that is created by the same amount of labor time.Money serves three functions under capitalism:First, money has to be accepted by both the buyer and the seller.Second, money has to be used to compare the costs of production and exchange, which means that it can’t freely fluctuate.Third, money is a store of value, so stability is essential. History offers many examples of currencies being replaced when trust in stability was lost because of hyperinflation or tumbling deflation.Cryptocurrencies meet none of these criteria. They are not and cannot be universally accepted and are not stable.They really aren’t currency at all. The terminology used to describe cryptocurrencies and bitcoin — “wallets” and “mining” as if for gold — obscures what they are. Such terminology is meant to give cryptocurrencies magical powers.Cryptocurrencies are actually a digital version of so-called collectibles, like rare stamps or original paintings. No amount of human labor can recreate a rare stamp or original Van Gogh painting. Copies can be made, but unlike the original they have relatively little exchange value.As a rule, collectibles are never used as currency, though there is nothing to prevent individuals who own them from swapping them for valuable commodities or money.While cryptocurrencies are not money, Wall Street is not ignoring the blockchain technology underlying cryptocurrencies. Indeed, like every other innovation, Wall Street wants to bring blockchains under its control.Under the headline “Blockchain Gets a Wall Street Win,” Bloomberg News reported on Nov. 20: “The prospect of blockchain technology remaking financial services just moved a step closer to reality after banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. completed a successful six-month test in the $2.8 trillion equity swaps market.”Blockchains enable the banks to have a globally available, verifiable and untamperable source of data. Indeed, much of blockchain development is now centered on Wall Street. The banks expect to use blockchain technology to save costs and control internet transactions.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Police colonel attacks three reporters in Goma

first_img RSF_en Journalist arrested on provincial governor’s orders Democratic Republic of CongoAfrica Condemning abuses Violence Reporters Without Borders (RSF) is shocked to learn that a senior Congolese police officer, Col. Van Kasongo, and other policemen physically attacked three journalists while they were covering a peaceful demonstration in Goma, the capital of the eastern province of Nord-Kivu, on 12 April. News Lucha members demonstrating in Goma, eastern DRC, 12/04/2017 © Compte Facebook de la Lucha April 14, 2017 Police colonel attacks three reporters in Goma News to go further Help by sharing this information Organisation Newscenter_img February 24, 2021 Find out more February 18, 2021 Find out more Democratic Republic of CongoAfrica Condemning abuses Violence Reporter jailed in DRC for allegedly defaming parliamentarian Follow the news on Democratic Republic of Congo Congolese reporter wounded by gunshot while covering protest in Goma News Receive email alerts Rozen Kalafulo of Pole FM, Freddy Bikumbi of Radio Okapi and Picture Tank photographer Willian Dupuy were attacked and beaten by the police after being told to move away from the demonstration by members of the grass-roots movement Struggle for Change (LUCHA). The police also seized their equipment. “I was doing my report when Col. Van Kasongo grabbed me by the hair,” Kalafulo said. “He throttled me in front of everyone, punched me in the chest and head, and then confiscated my equipment.” The equipment was returned to the journalists thanks to the intervention of Tuver Ghundi, a representative of Journalist in Danger (JED), who called Gen. Vital Umiya Awashango, the provincial police commander. Gen. Awashango, who is Col. Kasongo’s immediate superior, has asked to meet with the journalists. “We firmly condemn this attack by Col. Kasongo, who has a history of violence against journalists, and we call for him to be brought to justice before the relevant military tribunal,” RSF editor-in-chief Virginie Dangles said. Col. Kasongo, who is deputy commander of the Nord-Kivu police, is notorious for his attacks on journalists. In July 2016, he made a very explicit death threat against Radio Okapi journalist Gabriel Wamenya. The Democratic Republic of Congo is ranked 152nd out of 180 countries in RSF’s 2016 World Press Freedom Index. February 16, 2021 Find out morelast_img read more

Letterkenny General Hospital flood repair bill to top 10 million euro initially

first_img Gardai continue to investigate Kilmacrennan fire 75 positive cases of Covid confirmed in North Letterkenny General Hospital flood repair bill to top 10 million euro initially 365 additional cases of Covid-19 in Republic Twitter WhatsApp News WhatsApp Google+ Pinterest Twitter Facebookcenter_img Main Evening News, Sport and Obituaries Tuesday May 25th Google+ Previous articlePARC angered by Inishowen Councillor’s Speed Camera criticismNext articleDeignan looks set to miss World Championships News Highland By News Highland – September 17, 2013 It will cost in excess of €10 million to rebuild Letterkenny General Hospital.A meeting of the West/Northwest Hospital Group was told this afternoon that the rebuild would cost around €8 million, while the cost of the interim arrangements could cost in excess of  two million euros.However, the figure could rise significantly when all costs are taking into consideration.Speaking to Highland Radio News, Sean Murphy outlined the circumstances that led to July’s devastating floods:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/09/smurphFLOOD.mp3[/podcast] Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal Pinterest Facebook RELATED ARTICLESMORE FROM AUTHORlast_img read more

County BOE moves projects forward

first_img County BOE moves projects forward Sponsored Content Troy falls to No. 13 Clemson Book Nook to reopen Email the author Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Pike County Sheriff’s Office offering community child ID kits Latest Stories Skip Plans underway for historic Pike County celebration Bazzell said provisions have been made for the gym to be used for the Christmas basketball tournament.“We just felt like the team should get to play in the gym,” Bazzell said.The fencing for the softball field at GHS is up and everything will soon ready to go on the softball field project, Bazzell said. “For the first performance, it was great,” Botts said. “It made me proud that we have a facility like that for our students.”Bazzell said that a performing arts academy is something that he would like to see for the Pike County Schools.“The fine arts building is a natural place for a fine arts academy,” he said.The board approved permission for the Pike County Schools to enter into a contractual agreement with Burke Education/Burke Enterprises, LLC for the purpose of developing a Five Year Strategic Plan for Pike County Schools.Bazzell said the strategic plan would be beneficial as the Pike County Schools move toward system-wide accreditation.The board approved the request for the Jr. Beta Club at GES to travel to New York City during Spring Break 2015. The trip will be funded by those participating.In personnel action, the board:• Approved permission to transfer Bernell Ford for Child Nutrition Program (CNP) worker at PCES to CNP worker at PCHS.• Approved the hiring of Kayla James for special education teacher at GES.• Approved the hiring of Teresa Richardson for the physical education aide at GES.• Approved the voluntary reduction of hours for Henrietta Thomas, GES.• Approved the hiring of Tomeca Barnes as CNP floater based at PCES, beginning Jan.2, 2014.• Approved catastrophic leave for Jean Grant, PCES, and Dana McDaniel, bus driver.• Approved provisions for the GHS coaching supplements. You Might Like Joey the Elf shows up in the strangest of places From all reports, the elves that come from Santa’s North Pole workshop to report on the goodness or the naughtiness… read more The athletic facility project at Pike County High School is going well, Bazzell said.“The upgrades to the stadium will include spot sandblasting and painting of the steel beams and some painting could be done to the bleachers.Bazzell reported that the sales tax for October was up 11 percent. Football games at Troy University could have a contributing factor.Wyman Botts, board member, attended the “Christmas in Dixie” concert at PCHS Friday night. The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Published 11:00 pm Monday, December 16, 2013 Print Article By Jaine Treadwell After a rather lengthy delay, the bleachers for the new gymnasium at Goshen High School should be in place around Jan. 22, 2014.Dr. Mark Bazzell, superintendent of Pike County Schools, told board members Monday that correspondence revealed that the company contracted to build the bleachers was given the go-head in April and a purchase order was issued in June. However, that did not happen and, in November, the bleachers still had not been ordered.“On July 15, we were told that the bleachers would be ordered immediately,” Bazzell said. “August, September, October and November, the bleachers had not been ordered. December? We didn’t know. But we had a straightforward talk with those folks and the bleachers will be shipped on Jan. 17.” Remember America’s heroes on Memorial Day By The Penny Hoarderlast_img read more

Third Royal Navy Dreadnought-class SSBN named HMS Warspite

first_img Authorities Third Royal Navy Dreadnought-class SSBN named HMS Warspite View post tag: HMS Warspite February 25, 2019, by View post tag: SSBN Back to overview,Home naval-today Third Royal Navy Dreadnought-class SSBN named HMS Warspite navaltoday Share this article View post tag: Royal Navy View post tag: Dreadnought-class The Royal Navy’s third Dreadnought-class nuclear deterrence submarine will be named HMS Warspite, the First Sea Lord announced on February 25.The boat will take her place in the Fleet in the 2030s, alongside HMS Dreadnought, Valiant and a fourth, as yet unnamed, submarine, each carrying Trident nuclear missiles on deterrence patrols for three months at a time.She’ll be the eighth warship to bear the name, tracing her history back to the final years of Elizabeth I’s reign.Most famously, the sixth Warspite, a Queen Elizabeth-class battleship, earned more battle honors than any other single warship in Royal Navy history.She served through both World Wars, was badly damaged at both Jutland and Crete, mauled the Germans at Narvik, the Italians at Matapan, was hit by a guided bomb off Salerno, and hammered the defenders of Normandy – truly living up to her motto belli dura despicio (I despise the hard knocks of war).Most recently, Warspite No.7 was a Cold War warrior: a Fleet/hunter-killer nuclear-powered submarine built to protect the UK’s then-new nuclear deterrent, serving between 1967 and 1991.There can be no doubt that the name Warspite is a highly distinguished capital ship name, and entirely befitting one of our future SSBNs – submarines that for generations to come will maintain our solemn duty as the ultimate guarantor of our nation’s security. pic.twitter.com/K6XDFKgG7p— First Sea Lord (@AdmPhilipJones) February 25, 2019last_img read more

Oxford poetry post up for grabs

first_imgThe position of Professor of Poetry, a position that has been held by W.H. Auden and Seamus Heaney, at Oxford University is to become vacant in May when current professor Christopher Ricks steps down at the end of his five year post.The pay is relatively low but the position at Oxford does not require the poet to write about the Queen and Royal Family, as the Poet Laureate has to. Andrew Motion is seen as one of the favourites for the job.last_img

Politicians Have Robbed Us For Generations

first_imgPoliticians Have Robbed Us For GenerationsFreedom, IN – I have proposed a three-step plan to fix most of our worst problems by federal legislation. In many previous releases I detailed plans for fixing the corruption we call “the Two Party System.” That was Step #1.Step #2 is our twisted-hybrid political/private financial system.Money itself, as a fiduciary currency/unit of trade, can be a wonderful thing. When scrupulously maintained as trustworthy, it facilitates honest trade, and practically guarantees peace.Unfortunately, we’ve not had such money since 1913, though it’s still required by our state and federal constitutions.Why? Because the most effective way to hide the true costs of war, tax the public without their knowledge, enrich elites, and covertly monetize the massive debts incurred by a military empire and industry, is to replace money with cheap currency, and then devalue it by making gobs of it.There’s a long, repetitious history of this. In every case, from ancient Egypt to today’s Venezuela, devaluing currency represents a slide to catastrophe.There are no exceptions; “fiat currency” always fails. And it’s always by the same stupid pattern.Politicians spend money they expect future generations to pay, so they have to find a way to devalue/inflate the supply of currency, and then point fingers of blame everywhere but at themselves when it all collapses.The United States of America has occupied the catbird seat of fiat currencies since WWII, with 2/3rds of the global reserve currency. But that is ending shortly, as our dollar is based purely on trust, and violence; and the world is both losing trust in us, and sick of our endless Petrodollar Wars. We have been deceived right up to the brink of collapse, and we’re past due for some radical action. So:1. Audit the Fed. We are bankrupt, and it’s time to go through an orderly and just restructuring of debts, nullifications, and dismantlings.2. Replace the current Federal Reserve System with a truly private banking system that is not only subject to audits, reporting and SOP as with other incorporated institutions, but also has no power to monetize political debts or create currency.3. All money/currency authority and accountability shall be in the US Congress as per Article I Section 8:5 of the Constitution for the United States of America, so that politicians will be held accountable for greed, shortsightedness, and trans-generational theft.4. However, people must be free to use whatever form of money or currency suits their needs. “Cryptocurrency,” foreign coins, even conch shells or knotted strings are not the government’s business. Our government’s only legitimate role in interpersonal transactions is when there is force or fraud involved.In other words, I propose we stop lying, stealing, making promises we can’t keep, and clean our accounts for the promotion of peace, prosperity, security …and freedom.Liberty or Bust!Andrew HorningLibertarian for 8th District US House of RepresentativesFacebookTwitterCopy LinkEmailSharelast_img read more

OCHS Boys Basketball Team Wins Opener

first_imgBy LESLEY GRAHAMThe Ocean City High School boys basketball team had a strong start to the 2019-2020 season, defeating the visiting Middle Township Panthers 65-48 on Friday evening.Gannon Brady and Tom Finnegan both led the way for the Red Raiders, scoring 23 points each to top all scorers. Mike Rhodes chipped in 15 points for Ocean City.The starting five for Ocean City included Brady, Finnegan, Rhodes, Joe Repetti and Brad Jamison.Joe Repetti pushes the ball up the court for the Red Raiders.Ocean City opened up the game with a seven-point run, forcing Middle Township to call an early timeout before the Panthers were able to put up their own points on the board.The Red Raiders held onto the lead for the first quarter, 16-10, despite a brief momentum swing off a full-court press from the Panthers.Finnegan got the scoring started in the second quarter with a big three, increasing the Red Raiders’ lead. Both teams settled into a rhythm, with physical play on both ends of the court as Ocean City took a 30-24 lead into the half.Middle Township made some apparent adjustments at halftime, as the Panthers came out on fire to start the third quarter.Red Raider Tom Finnegan directs his teammates off ball.The Red Raiders soon saw their lead evaporate as the score was knotted at 31 with a quarter and a half left to play. The remainder of the third quarter was spent trading baskets amid intense play by both teams. However, Ocean City would take the lead 50-41 and never look back.During the final eight minutes of play, Ocean City started to pull away with clean passing and quick ball movement, giving the Red Raiders open looks to the basket. They would drop 15 points in the final quarter and hold Middle Township to only seven points.The Red Raiders will be back in action Sunday evening at the PBA Tip Off weekend at Ocean City High School. They will take on Pleasantville with a 7 p.m. game time.Gannon Brady slows it down for Ocean City. Ocean City’s Brad Jamison, left, dives hard for a loose ball.last_img read more