newswars--2020-08-27--Hubble maps giant halo around Andromeda Galaxy

In a landmark study , scientists using NASA ’ s Hubble Space Telescope have mapped the immense envelope of gas , called a halo , surrounding the Andromeda galaxy , our nearest large galactic neighbor .
Scientists were surprised to find that this tenuous , nearly invisible halo of diffuse plasma extends 1.3 million light-years from the galaxy—about halfway to our Milky Way—and as far as 2 million light-years in some directions .
This means that Andromeda ’ s halo is already bumping into the halo of our own galaxy .
They also found that the halo has a layered @ @ @ @ @ @ @ distinct shells of gas .
This is the most comprehensive study of a halo surrounding a galaxy .
“ Understanding the huge halos of gas surrounding galaxies is immensely important , ” explained co-investigator Samantha Berek of Yale University in New Haven , Connecticut .
“ This reservoir of gas contains fuel for future star formation within the galaxy , as well as outflows from events such as supernovae .
It ’ s full of clues regarding the past and future evolution of the galaxy , and we ’ re finally able to @ @ @ @ @ @ @ closest galactic neighbor.
” “ We find the inner shell that extends to about a half million light-years is far more complex and dynamic , ” explained study leader Nicolas Lehner of the University of Notre Dame in Indiana .
“ The outer shell is smoother and hotter .
This difference is a likely result from the impact of supernova activity in the galaxy ’ s disk more directly affecting the inner halo.
” A signature of this activity is the team ’ s discovery of a large amount of heavy elements in @ @ @ @ @ @ @ elements are cooked up in the interiors of stars and then ejected into space—sometimes violently as a star dies .
The halo is then contaminated with this material from stellar explosions .
The Andromeda galaxy , also known as M31 , is a majestic spiral of perhaps as many as 1 trillion stars and comparable in size to our Milky Way .
At a distance of 2.5 million light-years , it is so close to us that the galaxy appears as a cigar-shaped smudge of light high in the autumn sky .
If @ @ @ @ @ @ @ the naked eye , it would be about three times the width of the Big Dipper .
This would easily be the biggest feature on the nighttime sky .
Through a program called Project AMIGA ( Absorption Map of Ionized Gas in Andromeda ) , the study examined the light from 43 quasars—the very distant , brilliant cores of active galaxies powered by black holes—located far beyond Andromeda .
The quasars are scattered behind the halo , allowing scientists to probe multiple regions .
Looking through the halo at the quasars ’ light @ @ @ @ @ @ @ is absorbed by the Andromeda halo and how that absorption changes in different regions .
The immense Andromeda halo is made of very rarified and ionized gas that doesn ’ t emit radiation that is easily detectable .
Therefore , tracing the absorption of light coming from a background source is a better way to probe this material .
The researchers used the unique capability of Hubble ’ s Cosmic Origins Spectrograph ( COS ) to study the ultraviolet light from the quasars .
Ultraviolet light is absorbed by Earth ’ s atmosphere @ @ @ @ @ @ @ with ground-based telescopes .
The team used COS to detect ionized gas from carbon , silicon , and oxygen .
An atom becomes ionized when radiation strips one or more electrons from it .
Andromeda ’ s halo has been probed before by Lehner ’ s team .
In 2015 , they discovered that the Andromeda halo is large and massive .
But there was little hint of its complexity ; now , it ’ s mapped out in more detail , leading to its size and mass being far more accurately determined @ @ @ @ @ @ @ little information—only six quasars—within 1 million light-years of the galaxy .
This new program provides much more information on this inner region of Andromeda ’ s halo , ” explained co-investigator J. Christopher Howk , also of Notre Dame .
“ Probing gas within this radius is important , as it represents something of a gravitational sphere of influence for Andromeda.
” Because we live inside the Milky Way , scientists can not easily interpret the signature of our own galaxy ’ s halo .
However , they believe the halos of Andromeda @ @ @ @ @ @ @ similar since these two galaxies are quite similar .
The two galaxies are on a collision course , and will merge to form a giant elliptical galaxy beginning about 4 billion years from now .
Scientists have studied gaseous halos of more distant galaxies , but those galaxies are much smaller on the sky , meaning the number of bright enough background quasars to probe their halo is usually only one per galaxy .
Spatial information is therefore essentially lost .
With its close proximity to Earth , the gaseous halo of Andromeda @ @ @ @ @ @ @ for a far more extensive sampling .
“ This is truly a unique experiment because only with Andromeda do we have information on its halo along not only one or two sightlines , but over 40 , ” explained Lehner .
“ This is groundbreaking for capturing the complexity of a galaxy halo beyond our own Milky Way.
” In fact , Andromeda is the only galaxy in the universe for which this experiment can be done now , and only with Hubble .
Only with an ultraviolet-sensitive future space telescope will scientists @ @ @ @ @ @ @ of experiment beyond the approximately 30 galaxies comprising the Local Group .
“ So Project AMIGA has also given us a glimpse of the future , ” said Lehner .
The team ’ s findings appear in the Aug. 27 edition of The Astrophysical Journal .

In a landmark study, scientists using NASA’s Hubble Space Telescope have mapped the immense envelope of gas, called a halo, surrounding the Andromeda galaxy, our nearest large galactic neighbor.
Scientists were surprised to find that this tenuous, nearly invisible halo of diffuse plasma extends 1.3 million light-years from the galaxy—about halfway to our Milky Way—and as far as 2 million light-years in some directions. This means that Andromeda’s halo is already bumping into the halo of our own galaxy.
They also found that the halo has a layered structure, with two main nested and distinct shells of gas. This is the most comprehensive study of a halo surrounding a galaxy.
“Understanding the huge halos of gas surrounding galaxies is immensely important,” explained co-investigator Samantha Berek of Yale University in New Haven, Connecticut. “This reservoir of gas contains fuel for future star formation within the galaxy, as well as outflows from events such as supernovae. It’s full of clues regarding the past and future evolution of the galaxy, and we’re finally able to study it in great detail in our closest galactic neighbor.”
“We find the inner shell that extends to about a half million light-years is far more complex and dynamic,” explained study leader Nicolas Lehner of the University of Notre Dame in Indiana. “The outer shell is smoother and hotter. This difference is a likely result from the impact of supernova activity in the galaxy’s disk more directly affecting the inner halo.”
A signature of this activity is the team’s discovery of a large amount of heavy elements in the gaseous halo of Andromeda. Heavier elements are cooked up in the interiors of stars and then ejected into space—sometimes violently as a star dies. The halo is then contaminated with this material from stellar explosions.
The Andromeda galaxy, also known as M31, is a majestic spiral of perhaps as many as 1 trillion stars and comparable in size to our Milky Way. At a distance of 2.5 million light-years, it is so close to us that the galaxy appears as a cigar-shaped smudge of light high in the autumn sky. If its gaseous halo could be viewed with the naked eye, it would be about three times the width of the Big Dipper. This would easily be the biggest feature on the nighttime sky.
Through a program called Project AMIGA (Absorption Map of Ionized Gas in Andromeda), the study examined the light from 43 quasars—the very distant, brilliant cores of active galaxies powered by black holes—located far beyond Andromeda. The quasars are scattered behind the halo, allowing scientists to probe multiple regions. Looking through the halo at the quasars’ light, the team observed how this light is absorbed by the Andromeda halo and how that absorption changes in different regions. The immense Andromeda halo is made of very rarified and ionized gas that doesn’t emit radiation that is easily detectable. Therefore, tracing the absorption of light coming from a background source is a better way to probe this material.
This illustration depicts the gaseous halo of the Andromeda galaxy if it could be seen with the naked eye. At a distance of 2.5 million light-years, the majestic spiral Andromeda galaxy is so close to us that it appears as a cigar-shaped smudge of light high in the autumn sky. If its gaseous halo could be seen with the naked eye, it would be about three times the width of the Big Dipper—easily the biggest feature on the nighttime sky. Credit: NASA, ESA, J. DePasquale and E. Wheatley (STScI), and Z. Levay (background image)
The researchers used the unique capability of Hubble’s Cosmic Origins Spectrograph (COS) to study the ultraviolet light from the quasars. Ultraviolet light is absorbed by Earth’s atmosphere, which makes it impossible to observe with ground-based telescopes. The team used COS to detect ionized gas from carbon, silicon, and oxygen. An atom becomes ionized when radiation strips one or more electrons from it.
Andromeda’s halo has been probed before by Lehner’s team. In 2015, they discovered that the Andromeda halo is large and massive. But there was little hint of its complexity; now, it’s mapped out in more detail, leading to its size and mass being far more accurately determined.
“Previously, there was very little information—only six quasars—within 1 million light-years of the galaxy. This new program provides much more information on this inner region of Andromeda’s halo,” explained co-investigator J. Christopher Howk, also of Notre Dame. “Probing gas within this radius is important, as it represents something of a gravitational sphere of influence for Andromeda.”
Because we live inside the Milky Way, scientists cannot easily interpret the signature of our own galaxy’s halo. However, they believe the halos of Andromeda and the Milky Way must be very similar since these two galaxies are quite similar. The two galaxies are on a collision course, and will merge to form a giant elliptical galaxy beginning about 4 billion years from now.
Scientists have studied gaseous halos of more distant galaxies, but those galaxies are much smaller on the sky, meaning the number of bright enough background quasars to probe their halo is usually only one per galaxy. Spatial information is therefore essentially lost. With its close proximity to Earth, the gaseous halo of Andromeda looms large on the sky, allowing for a far more extensive sampling.
“This is truly a unique experiment because only with Andromeda do we have information on its halo along not only one or two sightlines, but over 40,” explained Lehner. “This is groundbreaking for capturing the complexity of a galaxy halo beyond our own Milky Way.”
In fact, Andromeda is the only galaxy in the universe for which this experiment can be done now, and only with Hubble. Only with an ultraviolet-sensitive future space telescope will scientists be able to routinely undertake this type of experiment beyond the approximately 30 galaxies comprising the Local Group.
“So Project AMIGA has also given us a glimpse of the future,” said Lehner.
The team’s findings appear in the Aug. 27 edition of The Astrophysical Journal.


newswars--2020-08-27--Biden Accuses Trump Of “Encouraging” Violence As Mayhem Begins To Affect Polls

Joe Biden has accused President Trump of “ encouraging ” the race riots because they ’ re “ a political benefit ” to his reelection campaign .
Repeating identical talking points in Thursday appearances on CNN and MSNBC , Biden claimed that Trump is “ absolutely ” rooting for violence on the streets of America .
“ He views this as a political benefit to him .
He ’ s rooting for more violence , ” Biden told MSNBC .
“ He ’ s encouraging this .
He ’ s not diminishing it at all .
This is his America @ @ @ @ @ @ @ Trump aide Kellyanne Conway saying that chaos would be better for their side .
“ When has a president ever — a spokesperson for the president ever said something like that ?
” Biden asked .
Biden said he is open to visiting Wisconsin following days of violent protests there after police shot a Black man , but that it would have to be done safely and that he did not want to “ become part of the problem .
Biden also addressed attacks on the seriousness of his Catholic faith from Catholic @ @ @ @ @ @ @ it ’ s kind of preposterous , ” Biden said .
“ I never miss Mass .
It ’ s part of who I am.
” –Bloomberg The former Vice President also addressed House Speaker Nancy Pelosi ’ s suggestion that he skip debates with Trump , saying “ As long as the commission continues down the straight and narrow as they have , I ’ m going to debate him.
” “ I ’ m going to be a fact-checker on the floor , while I ’ m debating him.
” Perhaps @ @ @ @ @ @ @ a Thursday Politico article highlighting how the unrest in Kenosha and other parts of the country are “ playing into Trump ’ s hands.
” “ There ’ s no doubt it ’ s playing into Trump ’ s hands , ” said former Madison , WI mayor Paul Soglin ( D ) .
There ’ s a significant number of undecided voters who are not ideological , and they can move very easily from Republican to the Democratic column and back again .
They are , in effect , the people who @ @ @ @ @ @ @ distraught about both the horrendous carnage created by police officers in murdering African Americans , and … for the safety of their communities.
” And as the New York Times notes : While many demonstrators have been peaceful , others have set fire to buildings .
At least four businesses downtown have been looted .
Men armed with guns have shown up to confront protesters , leading to the shooting of three people , two of them fatally .
On Wednesday , a white teenager from across the state line in Illinois was @ @ @ @ @ @ @ and Mr. Trump vowed to send in federal law enforcement and additional National Guard troops .
In Kenosha County , where the president won by fewer than 250 votes in 2016 , those who already supported Mr. Trump said in interviews that the events of the past few days have simply reinforced their conviction that he is the man for the job .
But some voters who were less sure of their choice said the chaos in their city and the inability of elected leaders to stop it were currently nudging them toward @ @ @ @ @ @ @ not 100 percent sure of anything yet , ” said 41-year-old tractor factory worker John Geraghty .
“ But as of now I ’ m really not happy about how Democrats are handling any of this.
” “ The Democratic agenda to me right now is America is systematically racist and evil and the only people who can fix it are Democrats , ” he added .
“ That ’ s the vibe I get.
” And in a poll taken between June and early august – before the Kenosha riots , Marquette @ @ @ @ @ @ @ Black Lives Matter in Wisconsin had dropped from +25 to +0 in Wisconsin over the course of two months .
The Times notes the case of 62-year-old flooring company owner Don Biehn , who was standing in line at a gun store on Tuesday afternoon to buy his first pistol in order to protect his business .
Mr. Biehn said he had been calling county and state officials for days , trying to explain how grave the situation was .
“ There ’ s people running all over with guns — it ’ @ @ @ @ @ @ @ ” Mr. Biehn said .
“ We are just waiting here like sitting ducks waiting to get picked off.
” He added : “ It ’ s chaos — everybody is afraid.
” Mr. Trump , he said , “ was not my man , ” but now he is grateful he is president .
–New York Times And here ’ s the punchline from the New York Times : “ Some Democrats , nervous about condemning the looting because they said they understood the rage behind it , worried that what was @ @ @ @ @ @ @ aid the president ’ s re-election prospects.
” Know your history or be doomed to repeat it !

Joe Biden has accused President Trump of “encouraging” the race riots because they’re “a political benefit” to his reelection campaign.
Repeating identical talking points in Thursday appearances on CNN and MSNBC, Biden claimed that Trump is “absolutely” rooting for violence on the streets of America.
“He views this as a political benefit to him. He’s rooting for more violence,” Biden told MSNBC. “He’s encouraging this. He’s not diminishing it at all. This is his America now.”
The former vice president quoted Trump aide Kellyanne Conway saying that chaos would be better for their side. “When has a president ever — a spokesperson for the president ever said something like that?” Biden asked.
Biden said he is open to visiting Wisconsin following days of violent protests there after police shot a Black man, but that it would have to be done safely and that he did not want to “become part of the problem.
Biden also addressed attacks on the seriousness of his Catholic faith from Catholic allies of Trump. “I think it’s kind of preposterous,” Biden said. “I never miss Mass. It’s part of who I am.” –Bloomberg
The former Vice President also addressed House Speaker Nancy Pelosi’s suggestion that he skip debates with Trump, saying “As long as the commission continues down the straight and narrow as they have, I’m going to debate him.”
“I’m going to be a fact-checker on the floor, while I’m debating him.”
Joe Biden says Donald Trump “is rooting for more violence, not less.” He also points out that Mike Pence’s attacks about violence in “Joe Biden’s America” don’t make sense because “the problem we have right now is we’re in Donald Trump’s America.” pic.twitter.com/cH74DmBdHB — The American Independent (@AmerIndependent) August 27, 2020
Perhaps Biden’s comments were inspired by a Thursday Politico article highlighting how the unrest in Kenosha and other parts of the country are “playing into Trump’s hands.”
“There’s no doubt it’s playing into Trump’s hands,” said former Madison, WI mayor Paul Soglin (D). There’s a significant number of undecided voters who are not ideological, and they can move very easily from Republican to the Democratic column and back again. They are, in effect, the people who decide elections. And they are very distraught about both the horrendous carnage created by police officers in murdering African Americans, and … for the safety of their communities.”
And as the New York Times notes:
While many demonstrators have been peaceful, others have set fire to buildings. At least four businesses downtown have been looted. Men armed with guns have shown up to confront protesters, leading to the shooting of three people, two of them fatally. On Wednesday, a white teenager from across the state line in Illinois was arrested in connection to the shooting, and Mr. Trump vowed to send in federal law enforcement and additional National Guard troops.
In Kenosha County, where the president won by fewer than 250 votes in 2016, those who already supported Mr. Trump said in interviews that the events of the past few days have simply reinforced their conviction that he is the man for the job. But some voters who were less sure of their choice said the chaos in their city and the inability of elected leaders to stop it were currently nudging them toward the Republicans.
“I’m not 100 percent sure of anything yet,” said 41-year-old tractor factory worker John Geraghty. “But as of now I’m really not happy about how Democrats are handling any of this.”
“The Democratic agenda to me right now is America is systematically racist and evil and the only people who can fix it are Democrats,” he added. “That’s the vibe I get.”
And in a poll taken between June and early august – before the Kenosha riots, Marquette Law School found that public support for Black Lives Matter in Wisconsin had dropped from +25 to +0 in Wisconsin over the course of two months.
Democrats need to be extremely concerned about what’s happening in Wisconsin, where support for BLM has gone from +25 to +0 in 2 months. https://t.co/2wNMWoW6it — Jonathan Chait (@jonathanchait) August 27, 2020
The Times notes the case of 62-year-old flooring company owner Don Biehn, who was standing in line at a gun store on Tuesday afternoon to buy his first pistol in order to protect his business.
Mr. Biehn said he had been calling county and state officials for days, trying to explain how grave the situation was.
…
“There’s people running all over with guns — it’s like some Wild West town,” Mr. Biehn said. “We are just waiting here like sitting ducks waiting to get picked off.”
He added: “It’s chaos — everybody is afraid.”
Mr. Trump, he said, “was not my man,” but now he is grateful he is president. –New York Times
And here’s the punchline from the New York Times:
“Some Democrats, nervous about condemning the looting because they said they understood the rage behind it, worried that what was happening in their town might backfire and aid the president’s re-election prospects.”
Know your history or be doomed to repeat it!


newswars--2020-08-27--In July, Money Supply Growth Hit a New High for the Fourth Month in a Row

In July , for the fourth month in a row , money supply growth surged to an all-time high , following new all-time highs in April , May , and June that came in the wake of unprecedented quantitative easing , central bank asset purchases , and various stimulus packages .
The growth rate has never been higher , with the 1970s being the only period that comes close .
It was expected that money supply growth would surge in recent months .
This usually happens in the wake of the early months of a recession or financial crisis .
@ @ @ @ @ @ @ States is several months into an extended economic crisis , with around 1 million new jobless claims each week now the “ norm ” for the past two months .
The central bank continues to engage in a wide variety of unprecedented efforts to “ stimulate ” the economy and provide income to the approximately 12 to 15 million unemployed workers .
Moreover , as government revenues have fallen considerably , Congress has turned to unprecedented amounts of borrowing .
But in order to keep interest rates low , the Fed has been @ @ @ @ @ @ @ .
This has fueled new money creation .
During July 2020 , year-over-year ( YOY ) growth in the money supply was at 36.9 percent .
That ’ s up from June ’ s rate of 34.4 percent , and up from July 2019 ’ s rate of 2.21 percent .
Historically this is a very large surge in growth , both month over month and year over year .
It is also quite a reversal from the trend that only just ended in August of last year , when growth rates were @ @ @ @ @ @ @ In August , the growth rate hit a 120-month low , falling to the lowest growth rates we ’ d seen since 2007 .
The money supply metric used here—the “ true ” or Rothbard-Salerno money supply measure ( TMS ) —is the metric developed by Murray Rothbard and Joseph Salerno , and is designed to provide a better measure of money supply fluctuations than M2 .
The Mises Institute now offers regular updates on this metric and its growth .
This measure of the money supply differs from M2 in that it @ @ @ @ @ @ @ and excludes short-time deposits , traveler ’ s checks , and retail money funds ) .
The M2 growth rate also increased to historic highs in July , growing 23.2 percent compared to June ’ s growth rate of 22.8 percent .
M2 grew 5 percent during July of last year .
The M2 growth rate had fallen considerably from late 2016 to late 2018 but has been growing again in recent months .
As of March , it is following the same trend as TMS .
Money supply growth can often be @ @ @ @ @ @ @ During periods of economic boom , money supply tends to grow quickly as banks make more loans .
Recessions , on the other hand , tend to be preceded by periods of slowdown in rates of money supply growth .
However , money supply growth tends to grow out of its low-growth trough well before the onset of recession .
As recession nears , the TMS growth rate climbs and becomes larger than the M2 growth rate .
This occurred in the early months of the 2002 and the 2009 crises .
February @ @ @ @ @ @ @ 2008 that the TMS growth rate climbed higher than the M2 growth rate .
The TMS growth rate again exceeded M2 in March , April , and June 2020 .
As of mid-July 2020 , it does appear that the decline in money supply growth has again preceded a recession , and a severe one at that .
GDP fell 9.5 percent year over year during the second quarter of 2020 .
While a single quarter of decline would not meet the definition of “ recession ” now commonly used by economists , @ @ @ @ @ @ @ enormous economic comeback during the third quarter to avoid what most everyone will admit is a serious recession .
Although some observers will likely claim that the current economic crisis is a result solely of the covid-19 panic and resulting government-forced shutdowns , several indicators do suggest that the economy was primed for a recession .
The preceding decline in TMS is one of these indicators , as is the late 2019 liquidity crisis in the repo markets .
The Fed ’ s moves to drop interest rates and to once again grow @ @ @ @ @ @ @ of the economy leading up to April 2020 .
After initial balance sheet growth in late 2019 , total Fed assets surged to nearly $ 7.2 trillion in June and have rarely dipped below the $ 7 trillion mark since then .
These new asset purchases have set a new all-time high and are propelling the Fed balance sheet far beyond anything seen during the Great Recession ’ s stimulus packages .
The Fed ’ s assets are now up more than 600 percent from the period immediately preceding the 2008 financial crisis @ @ @ @ @ @ @ solely responsible for the surge in new money creation , they are certainly a sizable factor .
Bank loan activity has surged as well , also driving new money creation .
Below is the dollar volume for M2 and TMS : In terms of total dollar amounts now extant , the overall M2 total money supply in July was $ 18.2 trillion and the TMS total was $ 18.4 trillion .
Since January , this is an increase of $ 2.8 trillion in M2 and $ 4.2 trillion in the TMS .

In July, for the fourth month in a row, money supply growth surged to an all-time high, following new all-time highs in April, May, and June that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.
The growth rate has never been higher, with the 1970s being the only period that comes close. It was expected that money supply growth would surge in recent months. This usually happens in the wake of the early months of a recession or financial crisis. But it appears that now the United States is several months into an extended economic crisis, with around 1 million new jobless claims each week now the “norm” for the past two months. The central bank continues to engage in a wide variety of unprecedented efforts to “stimulate” the economy and provide income to the approximately 12 to 15 million unemployed workers. Moreover, as government revenues have fallen considerably, Congress has turned to unprecedented amounts of borrowing. But in order to keep interest rates low, the Fed has been buying up trillions in assets—including government debt. This has fueled new money creation.
During July 2020, year-over-year (YOY) growth in the money supply was at 36.9 percent. That’s up from June’s rate of 34.4 percent, and up from July 2019’s rate of 2.21 percent. Historically this is a very large surge in growth, both month over month and year over year. It is also quite a reversal from the trend that only just ended in August of last year, when growth rates were nearly bottoming out around 2 percent. In August, the growth rate hit a 120-month low, falling to the lowest growth rates we’d seen since 2007.
The money supply metric used here—the “true” or Rothbard-Salerno money supply measure (TMS)—is the metric developed by Murray Rothbard and Joseph Salerno, and is designed to provide a better measure of money supply fluctuations than M2. The Mises Institute now offers regular updates on this metric and its growth. This measure of the money supply differs from M2 in that it includes Treasury deposits at the Fed (and excludes short-time deposits, traveler’s checks, and retail money funds).
The M2 growth rate also increased to historic highs in July, growing 23.2 percent compared to June’s growth rate of 22.8 percent. M2 grew 5 percent during July of last year. The M2 growth rate had fallen considerably from late 2016 to late 2018 but has been growing again in recent months. As of March, it is following the same trend as TMS.
Money supply growth can often be a helpful measure of economic activity. During periods of economic boom, money supply tends to grow quickly as banks make more loans. Recessions, on the other hand, tend to be preceded by periods of slowdown in rates of money supply growth. However, money supply growth tends to grow out of its low-growth trough well before the onset of recession. As recession nears, the TMS growth rate climbs and becomes larger than the M2 growth rate. This occurred in the early months of the 2002 and the 2009 crises. February 2020 was the first month since late 2008 that the TMS growth rate climbed higher than the M2 growth rate. The TMS growth rate again exceeded M2 in March, April, and June 2020. As of mid-July 2020, it does appear that the decline in money supply growth has again preceded a recession, and a severe one at that. GDP fell 9.5 percent year over year during the second quarter of 2020. While a single quarter of decline would not meet the definition of “recession” now commonly used by economists, the US will have to stage an enormous economic comeback during the third quarter to avoid what most everyone will admit is a serious recession.
Although some observers will likely claim that the current economic crisis is a result solely of the covid-19 panic and resulting government-forced shutdowns, several indicators do suggest that the economy was primed for a recession. The preceding decline in TMS is one of these indicators, as is the late 2019 liquidity crisis in the repo markets. The Fed’s moves to drop interest rates and to once again grow its balance sheet speak to the weakness of the economy leading up to April 2020.
After initial balance sheet growth in late 2019, total Fed assets surged to nearly $7.2 trillion in June and have rarely dipped below the $7 trillion mark since then. These new asset purchases have set a new all-time high and are propelling the Fed balance sheet far beyond anything seen during the Great Recession’s stimulus packages. The Fed’s assets are now up more than 600 percent from the period immediately preceding the 2008 financial crisis.
While Fed asset purchases are not solely responsible for the surge in new money creation, they are certainly a sizable factor. Bank loan activity has surged as well, also driving new money creation.
Below is the dollar volume for M2 and TMS:
In terms of total dollar amounts now extant, the overall M2 total money supply in July was $18.2 trillion and the TMS total was $18.4 trillion. Since January, this is an increase of $2.8 trillion in M2 and $4.2 trillion in the TMS.


newswars--2020-08-27--Christchurch Shooter Sentenced to Life in Jail

The gunman who killed 51 Muslim worshippers last year in New Zealand ’ s deadliest shooting attack was sentenced to life imprisonment by a court on Thursday .
He is the first person in the country to get a life sentence without the possibility of parole .
Judge Cameron Mander of the Christchurch High Court said that a finite term would not be sufficient .
“ Your crimes … are so wicked that even if you are detained until you die it will not exhaust the requirements of punishment and denunciation , ” said Mander as he handed down a @ @ @ @ @ @ @ .
“ Your actions were inhuman , ” the judge said .
“ You deliberately killed a 3-year-old infant as he clung to the leg of his father…As far as I can discern , you are empty of any empathy for your victims.
” The sentencing comes after three days of emotionally charged statements from survivors and the families of the victims in court .
The shooter was largely emotionless throughout the proceedings , as the victims gave harrowing testimonies of what was New Zealand ’ s worst terror attack and its impact @ @ @ @ @ @ @ white supremacist had admitted to 51 charges of murder , 40 of attempted murder , and one charge of terrorism over the 2019 attack outside two mosques in the city of Christchurch .
He live-streamed the act on social media and also uploaded a manifesto shortly before the shootings .
Crown prosecutor Mark Zarifeh said the attack was “ without comparison in New Zealand ’ s criminal history ” .
“ The offending was motivated by an entrenched racist and xenophobic ideology… in my submission , the offender is clearly New Zealand ’ @ @ @ @ @ @ @ .
Zarifeh said life behind bars was “ the only proper sentencing option ” for the shooter .
The shooter had sacked his legal team last month intending to represent himself .
He waived his right to speak at the sentencing .
Instead , he made a brief statement through a court-appointed lawyer before the sentencing , saying the shooter “ does not oppose the application that he should be sentenced to life imprisonment without parole.
” This eased concerns that he may use the platform to talk about his extremist ideology .
@ @ @ @ @ @ @ for the harshest possible punishment for the gunman .
New Zealand does not have the death penalty , but some angry survivors called for just that .
Life imprisonment is the most severe punishment in the country .
While the Sentencing Act requires a minimum of 10-17 years in prison before the possibility of parole , a judge can sentence a convict to life imprisonment without the possibility of release .
“ He deserves not a life imprisonment term of 17 , 25 or 30 years , but life imprisonment until his last @ @ @ @ @ @ @ Hamimah Tuyan , whose husband Zekeriya died of his wounds 48 days after the attack , told the court on Wednesday .
Prime Minister Jacinda Ardern welcomed the sentence and acknowledged the strength of the Muslim community at a press conference on Thursday .
“ You relived the horrific events of March 15 to chronicle what happened that day and the pain it has left behind , ” Ardern said .
“ Nothing will take the pain away but I hope you felt the arms of New Zealand around you through this whole @ @ @ @ @ @ @ to feel that through all the days that follow.
” “ The trauma of March 15 is not easily healed but today I hope is the last where we have any cause to hear or utter the name of the terrorist behind it , ” she said .
“ His deserves to be a lifetime of complete and utter silence.
” Know your history or be doomed to repeat it !

The gunman who killed 51 Muslim worshippers last year in New Zealand’s deadliest shooting attack was sentenced to life imprisonment by a court on Thursday.
He is the first person in the country to get a life sentence without the possibility of parole.
Judge Cameron Mander of the Christchurch High Court said that a finite term would not be sufficient.
“Your crimes … are so wicked that even if you are detained until you die it will not exhaust the requirements of punishment and denunciation,” said Mander as he handed down a sentence unprecedented in New Zealand legal history.
“Your actions were inhuman,” the judge said. “You deliberately killed a 3-year-old infant as he clung to the leg of his father…As far as I can discern, you are empty of any empathy for your victims.”
Live-streaming terrorism
The sentencing comes after three days of emotionally charged statements from survivors and the families of the victims in court. The shooter was largely emotionless throughout the proceedings, as the victims gave harrowing testimonies of what was New Zealand’s worst terror attack and its impact on their lives.
The 29-year-old Australian white supremacist had admitted to 51 charges of murder, 40 of attempted murder, and one charge of terrorism over the 2019 attack outside two mosques in the city of Christchurch. He live-streamed the act on social media and also uploaded a manifesto shortly before the shootings.
‘New Zealand’s worst murderer’
Crown prosecutor Mark Zarifeh said the attack was “without comparison in New Zealand’s criminal history”.
“The offending was motivated by an entrenched racist and xenophobic ideology… in my submission, the offender is clearly New Zealand’s worst murderer,” he said.
Zarifeh said life behind bars was “the only proper sentencing option” for the shooter.
The shooter had sacked his legal team last month intending to represent himself.
He waived his right to speak at the sentencing. Instead, he made a brief statement through a court-appointed lawyer before the sentencing, saying the shooter “does not oppose the application that he should be sentenced to life imprisonment without parole.”
This eased concerns that he may use the platform to talk about his extremist ideology.
Until ‘his last breath’
The families of the victims had called for the harshest possible punishment for the gunman. New Zealand does not have the death penalty, but some angry survivors called for just that.
Life imprisonment is the most severe punishment in the country. While the Sentencing Act requires a minimum of 10-17 years in prison before the possibility of parole, a judge can sentence a convict to life imprisonment without the possibility of release.
“He deserves not a life imprisonment term of 17, 25 or 30 years, but life imprisonment until his last gasp, his last breath,” Hamimah Tuyan, whose husband Zekeriya died of his wounds 48 days after the attack, told the court on Wednesday.
Prime Minister Jacinda Ardern welcomed the sentence and acknowledged the strength of the Muslim community at a press conference on Thursday.
“You relived the horrific events of March 15 to chronicle what happened that day and the pain it has left behind,” Ardern said. “Nothing will take the pain away but I hope you felt the arms of New Zealand around you through this whole process, and I hope you continue to feel that through all the days that follow.”
“The trauma of March 15 is not easily healed but today I hope is the last where we have any cause to hear or utter the name of the terrorist behind it,” she said. “His deserves to be a lifetime of complete and utter silence.”
Know your history or be doomed to repeat it!


newswars--2020-08-27--Why Americans Are Looking for a Safe Haven from the Dollar

As the Federal Reserve ’ s quantitative easing practices generate the biggest debt bubble in history , gold futures are trading at record highs , a phenomenon some have called “ a bit of a mystery.
” However , this “ mystery ” was solved long ago by the laws of economics .
The only “ mystery ” here is why—contrary to centuries of economic wisdom—we allowed centralized paper money to become the dominant form of currency in the first place .
As recent waves of civil unrest and economic turmoil have prompted some to look back in time and @ @ @ @ @ @ @ Fathers , it seems most have opted to reject them entirely .
Yet among the founders ’ many warnings against the institutions that would eventually dominate the modern world are the timeless—and astonishingly accurate—warnings against central banking .
On August 1 , 1787 , George Washington wrote in a letter to Thomas Jefferson that “ paper currency [ can ] ruin commerce , oppress the honest , and open the door to every species of fraud and injustice.
” Jefferson also opposed the concept , warning that “ banking establishments are more dangerous @ @ @ @ @ @ @ paper money “ unjust , ” recognizing that it allowed the government to confiscate and redistribute property through inflation : “ It affects the rights of property as much as taking away equal value in land.
” In other words , inflation is a hidden form of taxation .
Washington understood this .
Jefferson understood this .
Madison understood this .
And generations of preeminent economists since then—from Ludwig von Mises to F.A .
Hayek , to Murray Rothbard—have understood this quite clearly .
And there ’ s nothing controversial or mysterious about @ @ @ @ @ @ @ backed by some form of secure , fixed weight commodity like gold or silver .
Both have been valued in some fashion for six thousand years and have been used as currency for around twenty-six hundred years .
As confidence in the dollar continues to nosedive , the market is not only putting more confidence in gold and silver , but in some cryptocurrencies sharing many of the characteristics of gold .
The presidencies of Woodrow Wilson and Franklin D. Roosevelt are rightfully regarded as some of the darkest years for freedom in @ @ @ @ @ @ @ are the deeply repressive monetary policies introduced by both presidents .
In 1838 , Senator John C. Calhoun foreshadowed the economic evils that would eventually emerge at the peak of the Progressive Era , explaining , “ It is the nature of stimulus…to excite first , and then depress afterwards….Nothing is more stimulating than an expanding and depreciating currency .
It creates a delusive appearance of prosperity , which puts everything in motion .
Everyone feels as if he was growing richer as prices rise.
” Seventy-five years later , the autocrats running @ @ @ @ @ @ @ to liberty with the Federal Reserve Act and the Revenue Act , forever marking 1913 as a tragic year for liberty .
Both laws struck at the heart of property rights by establishing the Federal Reserve System and the income tax , respectively .
Then , in 1933 , Roosevelt issued Executive Order No .
6102 , requiring Americans to surrender much of their gold to the US government .
Shortly after , Congress passed the Gold Reserve Act of 1934 , artificially raising the price of gold and guaranteeing the government a @ @ @ @ @ @ @ of gold it had seized from the people .
Finally , in 1971 , President Richard Nixon—like any self-respecting twentieth-century Keynesian—committed himself to finishing the work of Wilson and Roosevelt by closing the gold window , forever divorcing the gold standard from the dollar .
Rather than usher in a new era of economic stability , this unnatural union between the Fed and the federal government produced a vicious loop of boom-bust cycles and depressions .
The consequences have not only been inflation and devaluation ( both of which have stripped the people @ @ @ @ @ @ @ ; now , every time a depression hits , the government is allowed to do two things : grow its power and tax and spend at will without fear of accountability .
In other words , with every inflation of currency comes an inflation of government power .
With government shutdowns of local economies , the second economic quarter of this year was among the worst in history , with the total debt-to-GDP reaching a staggering 136 percent .
As the national debt approaches $ 27 trillion ( with even bigger spending bills @ @ @ @ @ @ @ expect the days of such flagrant government spending to come to a screeching halt .
If we continue on this path , that correction will result in an unprecedented collapse of the dollar and the monetary system .
The ultimate danger in this scenario : the government eventually confiscates the vast majority or even all private property in order to pay off the national debt .
As German American economist Hans Sennholz once said , “ Government debt is a government claim against personal income and private property—an unpaid tax bill.
” This @ @ @ @ @ @ @ is key to bringing the US out of this manic , outmoded cycle of depressions and upswings .
For the government to fulfill its core function as a safeguard of liberty , we must prevent it from meddling in affairs beyond the boundaries prescribed by the Founding Fathers .
This includes a swift withdrawal from the use of paper fiat currency and spending cuts across the board .
Such a sweeping transformation could begin with the state governments , the legislatures of which could override the federal government by passing legislation allowing individuals @ @ @ @ @ @ @ Regardless , if meaningful legislative action is not taken somewhere , we have little choice other than to acquiesce to the gloom and terror of socialism—a system that would devour all in its path and make slaves of once free people for generations to come .
Freedom is the natural ability of people to control their own destiny .
Sound money has the ability to help keep people free .

As the Federal Reserve’s quantitative easing practices generate the biggest debt bubble in history, gold futures are trading at record highs, a phenomenon some have called “a bit of a mystery.”
However, this “mystery” was solved long ago by the laws of economics. The only “mystery” here is why—contrary to centuries of economic wisdom—we allowed centralized paper money to become the dominant form of currency in the first place.
As recent waves of civil unrest and economic turmoil have prompted some to look back in time and reflect on the observations of the Founding Fathers, it seems most have opted to reject them entirely. Yet among the founders’ many warnings against the institutions that would eventually dominate the modern world are the timeless—and astonishingly accurate—warnings against central banking.
On August 1, 1787, George Washington wrote in a letter to Thomas Jefferson that “paper currency [can] ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” Jefferson also opposed the concept, warning that “banking establishments are more dangerous than standing armies.” James Madison called paper money “unjust,” recognizing that it allowed the government to confiscate and redistribute property through inflation: “It affects the rights of property as much as taking away equal value in land.”
In other words, inflation is a hidden form of taxation. Washington understood this. Jefferson understood this. Madison understood this. And generations of preeminent economists since then—from Ludwig von Mises to F.A. Hayek, to Murray Rothbard—have understood this quite clearly.
And there’s nothing controversial or mysterious about sound money, that is, currency backed by some form of secure, fixed weight commodity like gold or silver. Both have been valued in some fashion for six thousand years and have been used as currency for around twenty-six hundred years. As confidence in the dollar continues to nosedive, the market is not only putting more confidence in gold and silver, but in some cryptocurrencies sharing many of the characteristics of gold.
The presidencies of Woodrow Wilson and Franklin D. Roosevelt are rightfully regarded as some of the darkest years for freedom in America. Often overlooked, however, are the deeply repressive monetary policies introduced by both presidents. In 1838, Senator John C. Calhoun foreshadowed the economic evils that would eventually emerge at the peak of the Progressive Era, explaining, “It is the nature of stimulus…to excite first, and then depress afterwards….Nothing is more stimulating than an expanding and depreciating currency. It creates a delusive appearance of prosperity, which puts everything in motion. Everyone feels as if he was growing richer as prices rise.”
Seventy-five years later, the autocrats running the Wilson administration dealt two devastating blows to liberty with the Federal Reserve Act and the Revenue Act, forever marking 1913 as a tragic year for liberty. Both laws struck at the heart of property rights by establishing the Federal Reserve System and the income tax, respectively. Then, in 1933, Roosevelt issued Executive Order No. 6102, requiring Americans to surrender much of their gold to the US government. Shortly after, Congress passed the Gold Reserve Act of 1934, artificially raising the price of gold and guaranteeing the government a profit of $14.33 for each ounce of gold it had seized from the people.
Finally, in 1971, President Richard Nixon—like any self-respecting twentieth-century Keynesian—committed himself to finishing the work of Wilson and Roosevelt by closing the gold window, forever divorcing the gold standard from the dollar. Rather than usher in a new era of economic stability, this unnatural union between the Fed and the federal government produced a vicious loop of boom-bust cycles and depressions. The consequences have not only been inflation and devaluation (both of which have stripped the people of their purchasing power and savings); now, every time a depression hits, the government is allowed to do two things: grow its power and tax and spend at will without fear of accountability.
In other words, with every inflation of currency comes an inflation of government power.
With government shutdowns of local economies, the second economic quarter of this year was among the worst in history, with the total debt-to-GDP reaching a staggering 136 percent. As the national debt approaches $27 trillion (with even bigger spending bills in the works), we can expect the days of such flagrant government spending to come to a screeching halt. If we continue on this path, that correction will result in an unprecedented collapse of the dollar and the monetary system. The ultimate danger in this scenario: the government eventually confiscates the vast majority or even all private property in order to pay off the national debt. As German American economist Hans Sennholz once said, “Government debt is a government claim against personal income and private property—an unpaid tax bill.”
This is why a dramatic downsizing of government is key to bringing the US out of this manic, outmoded cycle of depressions and upswings. For the government to fulfill its core function as a safeguard of liberty, we must prevent it from meddling in affairs beyond the boundaries prescribed by the Founding Fathers. This includes a swift withdrawal from the use of paper fiat currency and spending cuts across the board.
Such a sweeping transformation could begin with the state governments, the legislatures of which could override the federal government by passing legislation allowing individuals to use gold and silver currency.
Regardless, if meaningful legislative action is not taken somewhere, we have little choice other than to acquiesce to the gloom and terror of socialism—a system that would devour all in its path and make slaves of once free people for generations to come. Freedom is the natural ability of people to control their own destiny. Sound money has the ability to help keep people free.


newswars--2020-08-27--Fed’s “Cure” for Coronavirus Economic Meltdown Actually Part of Problem

Last month , gold broke its all-time record price .
As we have explained , to really understand what ’ s going on , you need to flip the equation .
Dollars are at an all-time record low compared to gold .
Simply put , the recent surge in gold prices is all about currency debasement .
We were on this path long before coronavirus reared its ugly head .
After all , this gold bull market started back in 2015 .
But the government response to the pandemic put the process in hyperdrive .
In March , the Federal @ @ @ @ @ @ @ printing to infinity and beyond .
And there is no end in sight .
The Fed is apparently even willing to turn the other way the inevitable result of printing money – price inflation – begins to become apparent in the economy .
As economist Patrick Barron pointed out in an article published at the Mises Wire , unsound money has been at the heart of disastrous government policies throughout history .
This time is no different .
The Fed “ cure ” for the coronavirus economic meltdown is really part of the @ @ @ @ @ @ @ Barron was originally published at the Mises Wire .
The opinions expressed for your consideration are the author ’ s and do not necessarily reflect those of Peter Schiff or SchiffGold .
Austrian school economists know that unsound money has been at the heart of disastrous government policies since time immemorial .
The greater the ignorance of money , the greater the monetary debasement in order to fund government ’ s latest folly .
Monetary debasement always ends badly , but end it will .
Robert L. Shuettinger and Eamon Butler , cofounder @ @ @ @ @ @ @ , wrote Forty Centuries of Wage and Price Controls : How Not to Fight Inflation ( 2009 ) , a very readable short book that covers a vast expanse of time .
In The Ethics of Money Production , Jörg Guido Hülsmann outlined all the various schemes used over the millennia by those in government to counterfeit the lifeblood of the economy for their own purposes .
But Professor Hulsmann , who wrote the book in 2010 , probably could not have predicted the scale of today ’ s money expansion .
What @ @ @ @ @ @ @ Well , the point is that the ignorant public and the tyrants who rule them apparently believe that all that is wanting to achieve some great goal is money .
And since government can conjure all the money that it desires out of thin air , government ought to do so .
It ’ s really as simple as that .
Fiat Money Makes Keynesian Economics Appear to Be Possible Along the way some almost universally accepted economic principles have had to be shunted aside .
John Maynard Keynes , author of The @ @ @ @ @ @ @ and Money and considered to be the father of modern macroeconomics , managed to concoct a new economic school of thought that completely ignored Say ’ s law .
No longer was money an indirect medium of exchange to facilitate the transfer of real goods and services for other real goods and services , what Frank Shostak calls the exchange of “ something for something.
” No .
Now money itself could be conjured out of thin air and used to confiscate real goods and services .
No longer would government be forced @ @ @ @ @ @ @ spending proposal was so necessary that it could justify an increase in taxes and/or the reduction or elimination of some other spending programs .
Barring the failure of those two funding options , it would no longer be forced , as it had in the past , to convince savers that its credit was good .
In other words , spending would be completely unshackled from the reality of uncertainty and scarcity .
The coronavirus pandemic has exposed the hollowness of what is called modern monetary theory ( MMT ) .
The horrible @ @ @ @ @ @ @ have been truly “ papered over ” with trillions of dollars of fiat money through so-called stimulus checks , handouts to politically connected businesses , and boosts in unemployment payments .
Real money would have revealed the damage to the world economy long ago , and I am do not doubt that shutdowns would have quickly stopped being used as a tool for controlling the virus .
As it is , the shutdowns linger in many parts of the world , because the consequences are not yet fully seen .
The End of @ @ @ @ @ @ @ and helicopter money to placate a frightened populace are merely the latest examples of foolish government policies made possible only by the government ’ s ability to conjure money out of thin air .
The broader background of weakening bank balance sheets has ensured a recession and possibly a depression through bank credit expansion funded not by an increase in real savings but central banks .
In his latest warning that the end of the most recent credit cycle is nigh , Alasdair Macleod of Goldmoney.com paints a bleak picture of the weakness @ @ @ @ @ @ @ ” ( G-SIBs ) : the elephant in the room is systemic risk — visible to all but simply ignored .
This is partly due to everyone in government and central banks , as well as their epigones in the investment industry and mainstream media , believing our economic problems are only a matter of Covid-19 .
Governments have introduced emergency plans .
The US Government is distributing money by metaphorical helicopters , and Britain has a furlough scheme and tax deferments .
But they do little to alleviate the concerns of highly @ @ @ @ @ @ @ of soaring bad debts .
Bank balance sheet asset values to market capitalisation ratios strongly suggest the banking system can not cope with what is ahead .
There is NOTHING that government can do to help the economy other than remove barriers to wealth creation and preservation that it itself created and allow the people the freedom to pursue their own ends .
Since government creates nothing itself , all interventions interfere with what the people themselves desire and are nothing more than transfers of wealth for the benefit of some and the @ @ @ @ @ @ @ wealth destruction may not be the worst thing that can happen .
A nation can lose its freedom entirely when government doubles down and doubles down time and again in the pursuit of phantom fixes with ever-increasing amounts of fiat money conjured out of thin air .
It happened in Rome ( Inflation and the Fall of Rome , a speech by Joseph R. Peden ) .
It happened in Weimar Germany ( When Money Dies , by Adam Fergusson ) .
It certainly can happen here and now .
About the Author @ @ @ @ @ @ @ to the banking industry .
He has taught an introductory course in Austrian economics for several years at the University of Iowa .
He has also taught at the Graduate School of Banking at the University of Wisconsin for over twenty-five years , and has delivered many presentations at the European Parliament .
Know your history or be doomed to repeat it !

Last month, gold broke its all-time record price. As we have explained, to really understand what’s going on, you need to flip the equation. Dollars are at an all-time record low compared to gold. Simply put, the recent surge in gold prices is all about currency debasement.
We were on this path long before coronavirus reared its ugly head. After all, this gold bull market started back in 2015. But the government response to the pandemic put the process in hyperdrive. In March, the Federal Reserve embarked on a policy of money printing to infinity and beyond. And there is no end in sight. The Fed is apparently even willing to turn the other way the inevitable result of printing money – price inflation – begins to become apparent in the economy.
As economist Patrick Barron pointed out in an article published at the Mises Wire, unsound money has been at the heart of disastrous government policies throughout history. This time is no different. The Fed “cure” for the coronavirus economic meltdown is really part of the problem.
The following article by Patrick Barron was originally published at the Mises Wire. The opinions expressed for your consideration are the author’s and do not necessarily reflect those of Peter Schiff or SchiffGold.
Austrian school economists know that unsound money has been at the heart of disastrous government policies since time immemorial. The greater the ignorance of money, the greater the monetary debasement in order to fund government’s latest folly.
Monetary debasement always ends badly, but end it will. Robert L. Shuettinger and Eamon Butler, cofounder and director of the Adam Smith Institute, wrote Forty Centuries of Wage and Price Controls: How Not to Fight Inflation (2009), a very readable short book that covers a vast expanse of time. In The Ethics of Money Production, Jörg Guido Hülsmann outlined all the various schemes used over the millennia by those in government to counterfeit the lifeblood of the economy for their own purposes. But Professor Hulsmann, who wrote the book in 2010, probably could not have predicted the scale of today’s money expansion. What is the point of all this?
Well, the point is that the ignorant public and the tyrants who rule them apparently believe that all that is wanting to achieve some great goal is money. And since government can conjure all the money that it desires out of thin air, government ought to do so. It’s really as simple as that.
Fiat Money Makes Keynesian Economics Appear to Be Possible
Along the way some almost universally accepted economic principles have had to be shunted aside. John Maynard Keynes, author of The General Theory of Employment, Interest, and Money and considered to be the father of modern macroeconomics, managed to concoct a new economic school of thought that completely ignored Say’s law. No longer was money an indirect medium of exchange to facilitate the transfer of real goods and services for other real goods and services, what Frank Shostak calls the exchange of “something for something.” No. Now money itself could be conjured out of thin air and used to confiscate real goods and services. No longer would government be forced to convince its constituents that its latest spending proposal was so necessary that it could justify an increase in taxes and/or the reduction or elimination of some other spending programs. Barring the failure of those two funding options, it would no longer be forced, as it had in the past, to convince savers that its credit was good. In other words, spending would be completely unshackled from the reality of uncertainty and scarcity.
Fiat Money Hides the Consequences of Lockdowns
The coronavirus pandemic has exposed the hollowness of what is called modern monetary theory (MMT). The horrible consequences of government shutdowns throughout the country have been truly “papered over” with trillions of dollars of fiat money through so-called stimulus checks, handouts to politically connected businesses, and boosts in unemployment payments. Real money would have revealed the damage to the world economy long ago, and I am do not doubt that shutdowns would have quickly stopped being used as a tool for controlling the virus. As it is, the shutdowns linger in many parts of the world, because the consequences are not yet fully seen.
The End of the Credit Cycle
Yet the coronavirus-inspired shutdowns and helicopter money to placate a frightened populace are merely the latest examples of foolish government policies made possible only by the government’s ability to conjure money out of thin air. The broader background of weakening bank balance sheets has ensured a recession and possibly a depression through bank credit expansion funded not by an increase in real savings but central banks. In his latest warning that the end of the most recent credit cycle is nigh, Alasdair Macleod of Goldmoney.com paints a bleak picture of the weakness of the “globally systemically important banks” (G-SIBs):
the elephant in the room is systemic risk — visible to all but simply ignored. This is partly due to everyone in government and central banks, as well as their epigones in the investment industry and mainstream media, believing our economic problems are only a matter of Covid-19. Governments have introduced emergency plans. The US Government is distributing money by metaphorical helicopters, and Britain has a furlough scheme and tax deferments. But they do little to alleviate the concerns of highly leveraged commercial bankers, facing the prospects of soaring bad debts. Bank balance sheet asset values to market capitalisation ratios strongly suggest the banking system cannot cope with what is ahead.
There is NOTHING that government can do to help the economy other than remove barriers to wealth creation and preservation that it itself created and allow the people the freedom to pursue their own ends. Since government creates nothing itself, all interventions interfere with what the people themselves desire and are nothing more than transfers of wealth for the benefit of some and the destruction of wealth for all. Yet wealth destruction may not be the worst thing that can happen. A nation can lose its freedom entirely when government doubles down and doubles down time and again in the pursuit of phantom fixes with ever-increasing amounts of fiat money conjured out of thin air. It happened in Rome (Inflation and the Fall of Rome, a speech by Joseph R. Peden). It happened in Weimar Germany (When Money Dies, by Adam Fergusson).
It certainly can happen here and now.
About the Author: Patrick Barron is a private consultant to the banking industry. He has taught an introductory course in Austrian economics for several years at the University of Iowa. He has also taught at the Graduate School of Banking at the University of Wisconsin for over twenty-five years, and has delivered many presentations at the European Parliament.
Know your history or be doomed to repeat it!


newswars--2020-08-27--Man Killed by Kyle Rittenhouse Used N-Word, Provoked People to “Shoot Me”

The convicted child molester who was killed by Kyle Rittenhouse during a confrontation in Kenosha repeatedly used the n-word and tried to provoke other people to shoot him , a video from the evening of the incident shows .
36-year-old Joseph Rosenbaum was one of two men killed by Rittenhouse , who was not the first to discharge his gun and was clearly acting in self-defense .
Following the shooting , it was revealed that Rosenbaum was on Wisconsin ’ s sex offender registry and was convicted for “ sexual conduct with a minor.
” Reporter Julio Rosas revealed that @ @ @ @ @ @ @ the night trying to provoke armed citizens and using racial slurs .
The clip shows Rosenbaum repeating the phrase , “ Shoot me , nigga !
” Given that Rosenbaum was white and he used the n-word , it wouldn ’ t be totally outside the realms of plausibility for the left to try to drop this story altogether , although their effort to vilify Rittenhouse as a “ domestic terrorist ” still appears to be the stronger motivation .
While the footage shows Rittenhouse clearly acted in self-defense , Congresswoman Ilhan Omar @ @ @ @ @ @ @ who “ executed two people.
” “ Their murderous rants have inspired many mass shooters and now they aren ’ t even trying to distance themselves from it , they are excusing it , ” said Omar .
She appears to have forgotten about the numerous actual mass shootings carried out by gunmen in the name of Black Lives Matter .
In the age of mass Silicon Valley censorship It is crucial that we stay in touch .
I need you to sign up for my free newsletter here .
Also , I @ @ @ @ @ @ @

The convicted child molester who was killed by Kyle Rittenhouse during a confrontation in Kenosha repeatedly used the n-word and tried to provoke other people to shoot him, a video from the evening of the incident shows.
36-year-old Joseph Rosenbaum was one of two men killed by Rittenhouse, who was not the first to discharge his gun and was clearly acting in self-defense.
Following the shooting, it was revealed that Rosenbaum was on Wisconsin’s sex offender registry and was convicted for “sexual conduct with a minor.”
The 3 shot (2 killed) in #Kenosha, Wisc. at the BLM riot have been identified. Joseph Rosenbaum, 36, was the first one killed. Video allegedly shows him chasing teen shooter & throwing something at him. Rosenbaum was a registered sex offender for a sex crime involving a minor. pic.twitter.com/up1VgDyrgZ — Andy Ngô (@MrAndyNgo) August 27, 2020
Reporter Julio Rosas revealed that he caught Rosenbaum on camera earlier in the night trying to provoke armed citizens and using racial slurs.
The clip shows Rosenbaum repeating the phrase, “Shoot me, nigga!”
Now that it is confirmed Joseph Rosenbaum was one of the people shot and killed by alleged gunman Kyle Rittenhouse in Kenosha, I filmed him earlier in the night taunting the armed civilians, saying, “Shoot me, n***a.” pic.twitter.com/Nn2encm78Y — Julio Rosas (@Julio_Rosas11) August 27, 2020
Given that Rosenbaum was white and he used the n-word, it wouldn’t be totally outside the realms of plausibility for the left to try to drop this story altogether, although their effort to vilify Rittenhouse as a “domestic terrorist” still appears to be the stronger motivation.
While the footage shows Rittenhouse clearly acted in self-defense, Congresswoman Ilhan Omar labeled him a “domestic terrorist” who “executed two people.”
“Their murderous rants have inspired many mass shooters and now they aren’t even trying to distance themselves from it, they are excusing it,” said Omar.
She appears to have forgotten about the numerous actual mass shootings carried out by gunmen in the name of Black Lives Matter.
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newswars--2020-08-27--WNBA Players Wear Shirts With 7 Bloody Bullet Holes In Back For Jacob Blake

Six teams in the WNBA took a knee during Wednesday ’ s games and wore shirts that spelled out “ @ @ @ @ @ blood-stained bullet holes on the back .
The move came hours after several NBA playoff @ @ @ @ @ of the police shooting of Jacob Blake in Wisconsin .
WNBA players from the Mystics @ @ @ @ @ Sun , Mercury and Sparks take a knee and lock arms while wearing shirts that @ @ @ @ @ WNBA games will be played tonight .
pic.twitter.com/MkdApV31Bu The NBA ’ s “ protest ” @ @ @ @ @ announced Thursday they ’ ll return to playing playoff games this weekend .
One of @ @ @ @ @ the press about why the league decided to postpone games and protest in this fashion @

Six teams in the WNBA took a knee during Wednesday’s games and wore shirts that spelled out “Jacob Blake” with seven blood-stained bullet holes on the back.
The move came hours after several NBA playoff games were postponed in protest of the police shooting of Jacob Blake in Wisconsin.
WNBA players from the Mystics, Dream, Lynx, Sun, Mercury and Sparks take a knee and lock arms while wearing shirts that spell out Jacob Blake No WNBA games will be played tonight. pic.twitter.com/MkdApV31Bu — Bleacher Report (@BleacherReport) August 26, 2020
The NBA’s “protest” was short-lived as the league announced Thursday they’ll return to playing playoff games this weekend.
One of the WNBA players spoke to the press about why the league decided to postpone games and protest in this fashion.


newswars--2020-08-27--Researchers Spot Clear Evidence of Stars Being Devoured by Black Holes

In at least one tidal disruption event , researchers have paid attention to previously unseen double peaks that only briefly popped up for telescopes to see before fading , and it appears the light formations account for an iconic accretion disc – a structure formed by diffuse material in orbital motion .
Researchers might know perfectly well what a so-called tidal disruption – or stellar collapse – is , but it has hitherto been hard to come to grips with this devouring event and find evidence ( if any ) of X-ray emissions that can establish the presence of an @ @ @ @ @ @ @ material around a massive star .
However , now , using optical ultraviolet observations of a tidal disruption event , astronomers have managed to pin down the alternating light , which is expected for a rotating accretion disc , as follows from a study due to be published in The Astrophysical Journal .
“ … For most TDEs , we don ’ t see X-rays – they mostly shine in the ultraviolet and optical wavelengths – so it was suggested that , instead of a disc , we ’ re seeing emissions from @ @ @ @ @ @ @ , explained one member of the research group , astronomer Tiara Hung of the University of California Santa Cruz .
According to her colleague from the same university , astrophysicist Enrico Ramirez-Ruiz , the recent study is the first solid proof that accretion discs form in these events , irrespective of whether or not we see X-rays .
The said disruption took place in the centre of a galaxy called 2MASS J10065085+0141342 , located 624 million light-years away .
In late 2018 , the astronomers first spotted a unique flare indicating that a @ @ @ @ @ @ @ star , and the researchers analysed multiple wavelengths as the light evolved and grew in size , in a tidal disruption event named AT 2018hyz at the time .
Later , they managed to conclude that a giant black hole exceeding the mass of the Sun by several million times had disrupted the star , leaving a curious thing visible – a double peak in the so-called Balmer emission , generated when electrons in hydrogen atoms transit to a lower energy level .
“ What stood out was the hydrogen line – the @ @ @ @ @ @ @ a double-peaked profile that was unlike any other TDE we ’ d seen ” , said astrophysicist Ryan Foley of the UCSC , explaining that the double peak in an active galactic nucleus is largely taken as evidence of an accretion disc .
Waves of light that are emitted from something moving towards us tend to be shorter on the blue side of the spectrum , or blueshifted .
Yet , light waves from a shrinking object are lengthened , or redshifted .
The evidence of both of these shifts comes in handy @ @ @ @ @ @ @ , but the velocity of this rotation .
“ Our simulations show that what we observe is very sensitive to the inclination .
There is a preferred orientation to see these double-peak features , and a different orientation to see X-ray emissions ” , according to Enrico Ramirez-Ruiz , who in 2018 co-authored a paper presenting a unified model for tidal disruption events .
The team moved on to make further multi-wavelength observations , likening them to other TDEs , and finally arrived at conclusions that the accretion disc was made up of @ @ @ @ @ @ @ s initial mass and that it formed quickly , within just one month .
A similar conclusion was , incidentally , reached by an international team of researchers led by astronomer Phil Short of the University of Edinburgh in Scotland .
In a pre-print arXiv paper , Short and his team note that “ AT 2018hyz is the first TDE in which clear , double-peaked emission lines have been observed and provides strong observational evidence that accretion discs form in at least some TDEs and are a significant source of the observed luminosity @ @ @ @ @ @ @ doomed to repeat it !

In at least one tidal disruption event, researchers have paid attention to previously unseen double peaks that only briefly popped up for telescopes to see before fading, and it appears the light formations account for an iconic accretion disc – a structure formed by diffuse material in orbital motion.
Researchers might know perfectly well what a so-called tidal disruption – or stellar collapse – is, but it has hitherto been hard to come to grips with this devouring event and find evidence (if any) of X-ray emissions that can establish the presence of an accretion disc, typically formed by diffuse material around a massive star.
However, now, using optical ultraviolet observations of a tidal disruption event, astronomers have managed to pin down the alternating light, which is expected for a rotating accretion disc, as follows from a study due to be published in The Astrophysical Journal.
“… For most TDEs, we don’t see X-rays – they mostly shine in the ultraviolet and optical wavelengths – so it was suggested that, instead of a disc, we’re seeing emissions from the collision of stellar debris streams”, explained one member of the research group, astronomer Tiara Hung of the University of California Santa Cruz.
According to her colleague from the same university, astrophysicist Enrico Ramirez-Ruiz, the recent study is the first solid proof that accretion discs form in these events, irrespective of whether or not we see X-rays.
The said disruption took place in the centre of a galaxy called 2MASS J10065085+0141342, located 624 million light-years away.
In late 2018, the astronomers first spotted a unique flare indicating that a supermassive black hole therein was shredding a star, and the researchers analysed multiple wavelengths as the light evolved and grew in size, in a tidal disruption event named AT 2018hyz at the time.
Later, they managed to conclude that a giant black hole exceeding the mass of the Sun by several million times had disrupted the star, leaving a curious thing visible – a double peak in the so-called Balmer emission, generated when electrons in hydrogen atoms transit to a lower energy level.
“What stood out was the hydrogen line – the emission from hydrogen gas – which had a double-peaked profile that was unlike any other TDE we’d seen”, said astrophysicist Ryan Foley of the UCSC, explaining that the double peak in an active galactic nucleus is largely taken as evidence of an accretion disc.
Waves of light that are emitted from something moving towards us tend to be shorter on the blue side of the spectrum, or blueshifted. Yet, light waves from a shrinking object are lengthened, or redshifted. The evidence of both of these shifts comes in handy not merely in determining rotation as such, but the velocity of this rotation.
“Our simulations show that what we observe is very sensitive to the inclination. There is a preferred orientation to see these double-peak features, and a different orientation to see X-ray emissions”, according to Enrico Ramirez-Ruiz, who in 2018 co-authored a paper presenting a unified model for tidal disruption events.
The team moved on to make further multi-wavelength observations, likening them to other TDEs, and finally arrived at conclusions that the accretion disc was made up of around five percent of the star’s initial mass and that it formed quickly, within just one month. A similar conclusion was, incidentally, reached by an international team of researchers led by astronomer Phil Short of the University of Edinburgh in Scotland.
In a pre-print arXiv paper, Short and his team note that “AT 2018hyz is the first TDE in which clear, double-peaked emission lines have been observed and provides strong observational evidence that accretion discs form in at least some TDEs and are a significant source of the observed luminosity”.
Know your history or be doomed to repeat it!


newswars--2020-08-27--Black Lives Matter Rioters Burned ‘Much Of The Black Business District’ in Kenosha

A local resident claims many out-of-towners traveled to Kenosha for the purpose of rioting and burned down many black businesses as civil unrest continues following the police involved shooting of Jacob Blake , a black Kenosha resident , when they were called to a domestic disturbance .
Several business were torched as the Wisconsin city was plunged into civil unrest to cap off a summer of rioting and violent protests against police brutality and so-called “ systemic ” racism .
An article published by Reuters revealed how one resident talked about the destruction of black businesses–in protests purportedly conducted to @ @ @ @ @ @ @ Arsonists set several buildings ablaze and torched much of the Black business district in a second night of unrest in the city of Kenosha , Wisconsin , triggered by the wounding of a Black man shot in the back by officers , ” Reuters tweeted .
Daily Wire quoted how local resident , Porche Bennett , spoke of people from elsewhere would wreak havoc throughout the city .
Reuters has since appeared to have scrubbed Bennett ’ s account from the original article .
Local police , who had support from National Guard @ @ @ @ @ @ @ bullets and smoke bombs to disperse the crowd , which grew to several hundred , according to protester Porche Bennett , 31 , of Kenosha .
Fires destroyed much of the Black business district , Bennett said , adding that the instigators she saw were white .
“ It ’ s people from out of town doing this .
We ’ ve been shopping there since we were kids and they set it on fire , ” Bennett said .
“ White supremacists at work !
Fires destroyed much of the Black business @ @ @ @ @ @ @ the instigators she saw were white .
“ It ’ s people from out of town doing this ” , ” one person tweeted .
The Wisconsin Department of Justice recently issued a statement finding that Blake had a weapon on his vehicle ’ s floorboard before he was shot four times by police , leaving his paralyzed and fighting for his life .

A local resident claims many out-of-towners traveled to Kenosha for the purpose of rioting and burned down many black businesses as civil unrest continues following the police involved shooting of Jacob Blake, a black Kenosha resident, when they were called to a domestic disturbance.
Several business were torched as the Wisconsin city was plunged into civil unrest to cap off a summer of rioting and violent protests against police brutality and so-called “systemic” racism.
An article published by Reuters revealed how one resident talked about the destruction of black businesses–in protests purportedly conducted to raise awareness of black struggles.
“Arsonists set several buildings ablaze and torched much of the Black business district in a second night of unrest in the city of Kenosha, Wisconsin, triggered by the wounding of a Black man shot in the back by officers,” Reuters tweeted.
Arsonists set several buildings ablaze and torched much of the Black business district in a second night of unrest in the city of Kenosha, Wisconsin, triggered by the wounding of a Black man shot in the back by officers https://t.co/UZEIicZ0SS — Reuters (@Reuters) August 25, 2020
Daily Wire quoted how local resident, Porche Bennett, spoke of people from elsewhere would wreak havoc throughout the city. Reuters has since appeared to have scrubbed Bennett’s account from the original article.
It read:
Local police, who had support from National Guard troops, fired tear gas, rubber bullets and smoke bombs to disperse the crowd, which grew to several hundred, according to protester Porche Bennett, 31, of Kenosha. Fires destroyed much of the Black business district, Bennett said, adding that the instigators she saw were white. “It’s people from out of town doing this. We’ve been shopping there since we were kids and they set it on fire,” Bennett said.
“White supremacists at work! Fires destroyed much of the Black business district, Bennett said, adding that the instigators she saw were white. “It’s people from out of town doing this”,” one person tweeted.
White supremacists at work! Fires destroyed much of the Black business district, Bennett said, adding that the instigators she saw were white. “It’s people from out of town doing this”. — ThePieterPrinciple (@MRPIE314) August 25, 2020
The Wisconsin Department of Justice recently issued a statement finding that Blake had a weapon on his vehicle’s floorboard before he was shot four times by police, leaving his paralyzed and fighting for his life.
National File


newswars--2020-08-27--“Communist Party an enemy of humanity”: Chinese Dissident Slams CCP During RNC Speech

China ’ s Communist Party is “ threatening the wellbeing of the world , ” Chinese dissident Chen Guangcheng said during his RNC speech Wednesday .
Guangcheng , who was thrown in prison from 2006 to 2012 for challenging China ’ s one-child policy , called out the communist superstate ’ s strict surveillance and censorship of its people .
“ The CCP is an enemy of humanity , ” Guangcheng said , reading his speech in braille .
“ It is terrorizing its own people , and it is threatening the wellbeing of the world.
” “ In China @ @ @ @ @ @ @ by the CCP , religion , democracy , human rights , can lead to prison .
The nation lives under mass surveillance and censorship .
The US must use its values of freedom , democracy , and the rule of law to gather a coalition of other democracies to stop CCP ’ s aggression.
” Guangcheng concluded by throwing his support behind US President Donald Trump , saying he ’ s shown the courage to keep China in check .
“ Standing up to fight unfairness isn ’ t easy , I know @ @ @ @ @ @ @ he has shown the courage to lead that fight.
” Greetings .
My name is Chen Guangcheng .
Standing up to tyranny is not easy , I know .
When I spoke out against China ’ s one-child policy and other injustices , I was prosecuted , beaten , sent to prison and put under house arrest by the Chinese Communist Party , the CCP .
In April , 2012 , I escaped and was given shelter in the American Embassy in Beijing .
I ’ m forever grateful to the American people @ @ @ @ @ @ @ the United States , where we are now free .
The CCP is an enemy of humanity .
It is terrorizing its own people , and it is threatening the wellbeing of the world .
In China , expressing beliefs or ideas not approved by the CCP , religion , democracy , human rights , can lead to prison .
The nation lives under mass surveillance and censorship .
The US must use its values of freedom , democracy , and the rule of law to gather a coalition of other democracies to @ @ @ @ @ @ @ Trump had led on this and we need the other countries to join him in this fight , a fight for our future .
Standing up to fight unfairness isn ’ t easy , I know , so does president Trump , but he has shown the courage to lead that fight .
We need to support , vote and fight for President Trump for the sake of the world .

China’s Communist Party is “threatening the wellbeing of the world,” Chinese dissident Chen Guangcheng said during his RNC speech Wednesday.
Guangcheng, who was thrown in prison from 2006 to 2012 for challenging China’s one-child policy, called out the communist superstate’s strict surveillance and censorship of its people.
“The CCP is an enemy of humanity,” Guangcheng said, reading his speech in braille. “It is terrorizing its own people, and it is threatening the wellbeing of the world.”
“In China, expressing beliefs or ideas not approved by the CCP, religion, democracy, human rights, can lead to prison. The nation lives under mass surveillance and censorship. The US must use its values of freedom, democracy, and the rule of law to gather a coalition of other democracies to stop CCP’s aggression.”
Guangcheng concluded by throwing his support behind US President Donald Trump, saying he’s shown the courage to keep China in check.
“Standing up to fight unfairness isn’t easy, I know, so does president Trump, but he has shown the courage to lead that fight.”
Read Guangcheng’s full speech below:
Greetings. My name is Chen Guangcheng. Standing up to tyranny is not easy, I know. When I spoke out against China’s one-child policy and other injustices, I was prosecuted, beaten, sent to prison and put under house arrest by the Chinese Communist Party, the CCP. In April, 2012, I escaped and was given shelter in the American Embassy in Beijing. I’m forever grateful to the American people for welcoming me and my family to the United States, where we are now free. The CCP is an enemy of humanity. It is terrorizing its own people, and it is threatening the wellbeing of the world. In China, expressing beliefs or ideas not approved by the CCP, religion, democracy, human rights, can lead to prison. The nation lives under mass surveillance and censorship. The US must use its values of freedom, democracy, and the rule of law to gather a coalition of other democracies to stop CCP’s aggression. President Trump had led on this and we need the other countries to join him in this fight, a fight for our future. Standing up to fight unfairness isn’t easy, I know, so does president Trump, but he has shown the courage to lead that fight. We need to support, vote and fight for President Trump for the sake of the world. Thank you.
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newswars--2020-08-27--WATCH: Kenosha Protesters Yell, Honk Vehicle Horns in Residential Areas

Demonstrators in Kenosha , Wisconsin , took to residential areas Wednesday , the fourth night of protests , honking vehicle @ @ @ @ @ up the neighborhood .
One video , taken by The Daily Caller ’ s Shelby @ @ @ @ @ the street and honking their horns in what she believes to be “ one of @ @ @ @ @ ” :

Demonstrators in Kenosha, Wisconsin, took to residential areas Wednesday, the fourth night of protests, honking vehicle horns and yelling to wake up the neighborhood.
One video, taken by The Daily Caller’s Shelby Talcott, shows demonstrators lining the street and honking their horns in what she believes to be “one of the wealthier areas of Kenosha”:
We’ve marched to, I believe, one of the wealthier areas of Kenosha. The crowd is honking and yelling to wake up the neighborhood pic.twitter.com/wckD4X0Unb — Shelby Talcott (@ShelbyTalcott) August 27, 2020
Town Hall’s Julio Rosas captured a similar scene, demonstrators taking their protest to residential areas.
Read More


newswars--2020-08-27--Man Who Attacked Kyle Rittenhouse With Skateboard Convicted For Domestic Abuse, Twice

Anthony Huber , the man police say was shot by Kyle Rittenhouse after he attacked him with a skateboard during the Kenosha , Wisconsin riots , is has two separate convictions that stem from domestic violence charges , and served prison time for his offenses .
Video suggests Huber was the man who attacked Rittenhouse with a skateboard as the alleged shooter attempted to flee the scene after shooting another man , convicted pedophile Joseph Rosenbaum .
As Rittenhouse ran toward police vehicles approaching the scene , Rosenbaum and others appear to have tackled Rittenhouse .
One man attacked him @ @ @ @ @ @ @ had a pistol .
Huber was arrested in 2012 for charges including domestic violence , “ Use of Dangerous Weapon , ” “ Strangulation & Suffocation , ” “ False Imprisonment , ” and battery .
He was ultimately convicted of strangling and falsely imprisoning a person .
Huber was sentenced to two years in prison , and was credited for 352 days served during his case .
He was released from probation for this conviction in May of 2020 .
Then , in 2018 , after Huber was released from prison but @ @ @ @ @ @ @ , he was arrested for domestic abuse , disorderly conduct , and battery .
He was ultimately convicted and sentenced to probation .
Huber was also caught in possession of drug paraphernalia , which is not a criminal offense in the state of Wisconsin , in 2015 .
While GoFundMe banned a campaign raising money for Rittenhouse , but recently promoted Huber ’ s campaign on its official corporate Twitter account .
Huber is one of the two men who did not survive their encounter with Rittenhouse on Tuesday night , succumbing to @ @ @ @ @ @ @ by the local skateboard community , who paid tribute to him after his death .
Huber , who had a 2-year-old daughter , was 25 at the time of his death .

Anthony Huber, the man police say was shot by Kyle Rittenhouse after he attacked him with a skateboard during the Kenosha, Wisconsin riots, is has two separate convictions that stem from domestic violence charges, and served prison time for his offenses.
Video suggests Huber was the man who attacked Rittenhouse with a skateboard as the alleged shooter attempted to flee the scene after shooting another man, convicted pedophile Joseph Rosenbaum. As Rittenhouse ran toward police vehicles approaching the scene, Rosenbaum and others appear to have tackled Rittenhouse. One man attacked him with a skateboard, while another man had a pistol.
Huber was arrested in 2012 for charges including domestic violence, “Use of Dangerous Weapon,” “Strangulation & Suffocation,” “False Imprisonment,” and battery. He was ultimately convicted of strangling and falsely imprisoning a person.
Huber was sentenced to two years in prison, and was credited for 352 days served during his case. He was released from probation for this conviction in May of 2020.
Then, in 2018, after Huber was released from prison but still on probation for his 2012 conviction, he was arrested for domestic abuse, disorderly conduct, and battery. He was ultimately convicted and sentenced to probation.
Huber was also caught in possession of drug paraphernalia, which is not a criminal offense in the state of Wisconsin, in 2015.
While GoFundMe banned a campaign raising money for Rittenhouse, but recently promoted Huber’s campaign on its official corporate Twitter account.
Huber is one of the two men who did not survive their encounter with Rittenhouse on Tuesday night, succumbing to his injuries. He is remembered fondly by the local skateboard community, who paid tribute to him after his death. Huber, who had a 2-year-old daughter, was 25 at the time of his death.


newswars--2020-08-27--Support For Black Lives Matter Plummets in Wisconsin After Kenosha Riots

Support for Black Lives Matter in the key swing state of Wisconsin has plummeted from +25 approval to zero following the riots in Kenosha .
The city has been plagued by rioting , looting , violence and arson all week following the police killing of Jacob Blake , culminating in the Tuesday night shooting of three BLM protesters , two fatally , by a 17-year-old who acted in self-defense .
A new poll suggests that the bedlam is turning people against Black Lives Matter , and by proxy Joe Biden , who has endorsed BLM on numerous occasions .
“ @ @ @ @ @ @ @ what ’ s happening in Wisconsin , where support for BLM has gone from +25 to +0 in 2 months , ” tweeted Jonathan Chait .
He cites a newly released RPubs poll which also shows that approval for Black Lives Matter amongst whites has dropped from +22 to -5 since June .
The poll numbers are backed up by anecdotal evidence from a New York Times article about how the violence is “ already swaying some voters in Kenosha.
” The article quotes several voters who say their support for Trump has @ @ @ @ @ @ @ also highlighting how the chaos is driving Democrats away from Joe Biden .
For example , 59-year-old Scott Haight said he was a “ lifelong Democrat ” but that he isn ’ t going to vote this year .
Priscella Gazda , who only voted once in her life – for Obama in 2008 – told the newspaper , “ I am going to vote for Trump .
He seems to be more about the American people and what we need.
” As we highlighted earlier this week , people like Don Lemon @ @ @ @ @ @ @ rioting is harming Democrats ’ chances in the 2020 election .
“ I think Democrats are ignoring this problem or hoping that it will go away…Joe Biden may be afraid to do it…He ’ s got to address it .
He ’ s got to come out and talk about it , ” said the CNN host .
A CNN poll earlier this month also found that Biden ’ s lead over Trump had dropped from 14 points in early June to just 4 points following three months of unrest .
A separate @ @ @ @ @ @ @ many American voters now view violent crime as an important election issue compared to coronavirus , something that is likely to help President Trump .
“ A sizable 59 percent of voters in the survey indicate that violent crime , which President Trump has framed as happening in Democrat-controlled cities , is a “ very important ” factor in casting their ballots , ” writes Rusty Weiss .
Democrats are clearly starting to become very nervous that more moderate voters are turned off by Black Lives Matter/Antifa rioting , but the notion that @ @ @ @ @ @ @ the mayhem looks incredibly unlikely .
In the age of mass Silicon Valley censorship It is crucial that we stay in touch .
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Support for Black Lives Matter in the key swing state of Wisconsin has plummeted from +25 approval to zero following the riots in Kenosha.
The city has been plagued by rioting, looting, violence and arson all week following the police killing of Jacob Blake, culminating in the Tuesday night shooting of three BLM protesters, two fatally, by a 17-year-old who acted in self-defense.
A new poll suggests that the bedlam is turning people against Black Lives Matter, and by proxy Joe Biden, who has endorsed BLM on numerous occasions.
“Democrats need to be extremely concerned about what’s happening in Wisconsin, where support for BLM has gone from +25 to +0 in 2 months,” tweeted Jonathan Chait.
He cites a newly released RPubs poll which also shows that approval for Black Lives Matter amongst whites has dropped from +22 to -5 since June.
Democrats need to be extremely concerned about what’s happening in Wisconsin, where support for BLM has gone from +25 to +0 in 2 months. https://t.co/2wNMWoW6it — Jonathan Chait (@jonathanchait) August 27, 2020
The poll numbers are backed up by anecdotal evidence from a New York Times article about how the violence is “already swaying some voters in Kenosha.”
The article quotes several voters who say their support for Trump has hardened because of the riots, while also highlighting how the chaos is driving Democrats away from Joe Biden.
For example, 59-year-old Scott Haight said he was a “lifelong Democrat” but that he isn’t going to vote this year.
Priscella Gazda, who only voted once in her life – for Obama in 2008 – told the newspaper, “I am going to vote for Trump. He seems to be more about the American people and what we need.”
As we highlighted earlier this week, people like Don Lemon are suddenly expressing concern that the relentless rioting is harming Democrats’ chances in the 2020 election.
“I think Democrats are ignoring this problem or hoping that it will go away…Joe Biden may be afraid to do it…He’s got to address it. He’s got to come out and talk about it,” said the CNN host.
A CNN poll earlier this month also found that Biden’s lead over Trump had dropped from 14 points in early June to just 4 points following three months of unrest.
A separate Pew poll also found that almost as many American voters now view violent crime as an important election issue compared to coronavirus, something that is likely to help President Trump.
“A sizable 59 percent of voters in the survey indicate that violent crime, which President Trump has framed as happening in Democrat-controlled cities, is a “very important” factor in casting their ballots,” writes Rusty Weiss.
Democrats are clearly starting to become very nervous that more moderate voters are turned off by Black Lives Matter/Antifa rioting, but the notion that they can do anything to reign in the mayhem looks incredibly unlikely.
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