90 Miles From Tyranny

Thursday, August 8, 2019

Eight Reasons The EU Will Suffer Far More Than UK From Brexit

The EU would be wise to make a deal with the UK. It will get clobbered in the event of no deal.

Conventional wisdom says the UK will get hit harder than the EU in the event of a no deal Brexit. Conventional wisdom is wrong.

Here are eight reasons the EU will suffer more in both the short and long term.

Reason 1: Corporate Taxes

The UK can and likely will slash corporate tax rates. A lower corporate tax rate will mitigate much of the profit damage suffered by UK corporations in the event of no deal.

Note that one of the EU's biggest complaints against Ireland now is the "unfair" corporate tax structure of Ireland.

Reason 2: Currency Fluctuations

A falling currency is good for exporters and bad for importers. The British Pound has been falling in anticipation of Brexit.

Reason 3: Balance of Trade

In the event of no deal, WTO tariffs kick unless the EU offers to work out a trade deal. Under WTO rules, the EU could do that and rules allow a lengthy 10 years to get it done. The EU should agree to do that, but with animosity rising, it probably won't.

In a rising tariff setup, exporters will suffer far more than importers. Germany has an enormous trade surplus with the UK.

Image from Order of Rank of Germany's Trading Partners.

Angela Merkel is very concerned about German exports as well she should be.

Throw in the increasing chance of Trump putting tariffs on German cars and the EU will get crucified. A very severe German recession is in the cards and the EU faces a double whammy of Brexit plus Trump.

Note that a falling currency will mitigate some of the Tariff damage on UK exporters while compounding the problems for the EU.

4: Fishing Rights

In Brexit, the UK halts all EU fishing rights. EU fishermen will get clobbered.

Reason 5: Trade Deals

Free Book: The Western Front - Part 1

Fueled by crushing economic times and unemployment, as well as a malevolent, violent, (Occupy Wall Street type) political organization, there are riots and food lines in major cities and urban areas throughout the United States.

Texas, nearly abandoned by the Federal Government for insisting on their state's rights, has become a further battleground as drug cartels from Mexico have pushed the border northward a hundred miles.

Relying on their own wits, moral courage, and belief in God, a group of well-defined characters struggle to survive amidst the chaos.

https://www.amazon.com/dp/B008ELAZJ8

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The Senate Ups Judicial Confirmations Despite Democrats’ Obstruction

The Senate adjourned for the August recess last week, but not before confirming another 13 judges to the U.S. District Court.

Now is a good time to evaluate what the Senate has accomplished with respect to President Donald Trump’s judicial nominees. The Heritage Foundation’s Judicial Appointment Tracker shows some of the good news, as well as the bad.

The Senate has confirmed a total of 146 judges to life-tenured federal courts since Trump took office, which is on par with previous presidents. This includes 75% of the nominees Trump has sent to the Senate, a figure that until recently lagged behind past presidents.

This shows that the Senate has picked up the confirmation pace in the last few months.

In fact, during the period May through July, the Senate confirmed judges in the double digits for three consecutive months—only the second time the Senate has achieved that in history.

That was possible because Republicans in April changed part of Senate Rule 22 to eliminate one of the Democrats’ obstruction tactics. Even when the Senate votes to invoke cloture, or end...

String of knife attacks further fuels debate over refugees and violence

Texas city where cops shot Somali Muslim Walmart hostage-taker is absolutely inundated with refugees

Feds Blame “Lapse in Vetting” for Admitting Syrian Refugees with Terrorist Ties into U.S.

Vermont Health Department is concealing the number of refugees who have extremely contagious Tuberculosis Disease..

Gasoline Prices Under the Green New Deal Would Reach $13 per Gallon

Many of the Democrats running for President in 2020 support the Green New Deal that was introduced by Representative Alexandra Ocasio-Cortez of New York and Senator Markey of Massachusetts. The Green New Deal, however, would require a $10 tax increase on a single gallon of gas, according to a study by the CO2 Coalition. Key to the Green New Deal is the goal of eliminating gasoline-powered vehicles in favor of electric vehicles. But in order to make electric cars desirable to consumers gasoline prices would have to increase to $13 per gallon. Such a tax would undoubtedly harm consumers and the U.S. economy.

CO2 Coalition Study

The CO2 Coalition study entitled “The Social Cost of Carbon and Carbon Taxes” examines the social cost of carbon (SCC), which is an estimate of the discounted future costs to the world economy due to the atmospheric warming caused by a metric ton of carbon dioxide emissions, and the level of carbon taxes needed to encourage a major change in technology. To make decisions in the energy sector, the Obama administration established its own social cost of carbon. The Obama administration’s decision to look at costs to the world economy was contrary to official U.S. policy at the time because those estimates were supposed to be made only on the basis of the U.S. economy. This deviation allowed a much higher predicted cost of carbon than if they had followed protocol. The SCC used by the Obama administration was $42 per metric ton, while the SCC used by the Trump administration in regulatory rulemaking has been below $10.

Carbon dioxide is a benign gas and is the byproduct of the conversion of fossil fuels into energy. There are many natural sources of carbon dioxide, which account for about 96 percent of annual contributions to the atmosphere. A gasoline-powered car emits about a metric ton of carbon dioxide every 2,500 miles. The SCC is often suggested as the logical starting point for a “carbon tax” to encourage the use of alternative sources of energy, such as transitioning from gasoline-powered vehicles to electric vehicles.

The CO2 Coalition, as well as others, found that the government’s SCC is so sensitive to input assumptions that small and reasonable variations can produce almost any carbon tax. As a result, it is not a suitable tool for guiding public policy, including taxes on energy.

The Cost of Transitioning to Electric Vehicles

The authors of the study find that a carbon tax of about $1,000 per metric ton of carbon dioxide or roughly $10 per gallon of gasoline would be needed for electric cars to compete with conventional ICE vehicles based on the full cost of ownership and operation of the vehicle. They estimate that it costs about $2,700 more per year to use an electric car instead of a conventional car, which would save about 2,700 kilograms of carbon dioxide. As a result, each metric ton of carbon dioxide not emitted costs about $1,000.

A $10 carbon tax on gasoline added to today’s gasoline price of about $3 per gallon would make gasoline cost about $13 per gallon at the pump. Note that that price is two to three times what...

Parents Catch FBI in Plot to Force Mentally Ill Son to Be a Right Wing Terrorist

Originally Published August 17, 2017

It’s become a near-weekly occurrence. Somewhere in some state, the FBI will announce that they’ve foiled yet another terrorist plot and saved lives. However, as the data shows, the majority of these cases involve psychologically diminished patsies who’ve been entirely groomed, armed, and entrapped by FBI agents. Simply put, the FBI manufactures terror threats and then takes credit for stopping them.

While many of these cases have garnered attention and been exposed in the alternative media, a recent case out of Oklahoma sets a new low for FBI and exposes how insidious these plots can be.

Through the hundreds of ‘foiled terror plots’ the FBI has ‘busted’ over the years, many of them have been focused on people of Middle Eastern descent or people associated with ISIS or Al Qaeda. This time, in the case of Jerry Drake Varnell, the 23-year-old diagnosed schizophrenic, accused of attempting to bomb a bank, the FBI fomented terror from a right wing dialogue.

In a June meeting with the agent, according to FBI documents, Varnell described himself as a believer in “Three Percenter” ideology, a right wing group claiming to be committed to standing against and exposing corruption and injustice.

According to federal documents, Varnell dro

However, if we backtrack just a bit, to when the FBI began grooming their would-be right wing militia terrorist, the vileness comes directly from the government.

“The FBI knew he was schizophrenic,” Varnell’s parents declared on Wednesday in an open letter bravely published by NewsOK.

Underneath his condition, he is a sweet-hearted person and we are extremely shocked that this event has happened. However, what truly has us flabbergasted is the fact that the FBI knew he was schizophrenic.The State of Oklahoma found him mentally incompetent and we, his parents have legal guardianship over him by the Court. These documents are sealed from the public, which is why no news media outlet has been able to obtain them. The FBI clearly knew that he was schizophrenic because they have gathered every ounce of information on him.”

Yet they knowingly continued to groom him, despite the clear immoral implications.

When they began grooming him, according to the family, the FBI knew that Varnell was declared mentally unfit to live by himself and that he was a paranoid schizophrenic. Without their criminal informant and the FBI tactics playing mind games with this vulnerable man, the idea of him committing an act of terror would have likely never materialized.

What the public should be looking at is the fact that the FBI gave our son the means to make this happen. He has no job, no money, no vehicle, and no driver’s license, due to the fact that he is schizophrenic and we; his parents do everything we can possible to keep him safe and functional….. He has suffered through countless serious full-blown schizophrenic delusional episodes and he has been put in numerous mental hospitals since he was 16 years old. The FBI came and picked him up from our home, they gave him a vehicle, gave him a fake bomb, and every means to make this happen none of which he had access to on his own.

The parents noted that during the setup, they suspected something was going on and Jerry’s father told the informant to stay away from their son. However, according to the parents, the informant “continued to sneak onto our residence. The FBI paid him to continue this operation and I believe they have cleared his criminal record.”

Because they knew Varnell had severe mental disabilities, the FBI should have had stopped their plans to do this and immediately sought an option of hospitalization. However, they pressed on.

Knowing a sane person would likely never attempt to blow up a bank, the FBI deliberately targeted a severely delusional and mentally ill person. This is wrong on so many levels. Will the next mass murderer they groom come directly from a mental institution?

The FBI should have filed conspiracy on our son and had him committed to a mental institution. They should not have aided and abetted a paranoid schizophrenic to commit this act. There are many more facts that I will not make public that will support my son and the disturbing acts made by the FBI.

I realize that many will say my son could have found another person to commit this act. Yet, any person that has access to the materials and the state of mind necessary to bomb a building would not have any need for a schizophrenic who has no resources to contribute.”

Clifford and Melonie Varnell, Jerry’s parents make a powerful point. No one — other than the FBI — would’ve attempted to get a schizophrenic man with nothing to contribute to do their bidding as it would most likely be a futile effort — unless you are the FBI looking for an easy patsy to keep fear alive.

David Steele, a 20-year Marine Corps intelligence officer, the second-highest-ranking civilian in the U.S. Marine Corps Intelligence, and former CIA clandestine services case officer, had this to say about these most unscrupulous operations:

“Most terrorists are false flag terrorists, or are created by our own security services. In the United States, every single terrorist incident we have had has been a false flag, or has been an informant pushed on by the FBI. In fact, we now have citizens taking out restraining orders against FBI informants that are trying to incite terrorism. We’ve become a lunatic asylum.”

Indeed, we’ve become a lunatic asylum.