“This cycle will not run forever. One day soon, we’ll have the boom and bust phases, but when we try the usual bailouts, they won’t work. The destructive power of the down-cycle will overwhelm the restorative ability of the government, just like it did in 1929-31, when both the financial shock and the government capacity to respond were on a much smaller scale. The result, presumably, will be something that looks and feels very much like a Second Great Depression.”

• “Most important in the “new orders” column is the decrease in computers and electronic components.”
• “This is a leading indicator for hiring activity folks.  I’ve harped on it before and will keep doing so.  New employees = more computers and cell phones.  If you’re not seeing it there (and you’re not) then the entire premise of “a recovering employment picture” is absolute c*$p.”

Read it here.

• Tom Woods – Best selling author of Meltdown.
• Plenty of blame to go around, “who got drunk? well who gave them the alcohol? the federal reserve!”
• Deregulation was the problem?…Most of the deregulation was either beneficial or did not occur.
• What we need is more regulation?…Assumes regulators are infallible and markets are stupid, but is this the case?
• Regulators actually encouraged the behavior we saw.
• Wood’s next book ‘Nullification‘ (due out in June)
• Keep voting for schmucks and think things will change.
• States should resist *ALL* laws that violate the constitution. States should refuse to enforce them.
• Wood’s provides a defense of Nullification from common slanderous arguments used against the idea (i.e. it is pro-slavery).
• Chris Matthews – ignorant shill for the regime.

Part 2

• Matthews engages in smearing everyone who engages in discussion about States Rights or Nullification.
• Nullification is actually coming back into our national vocabulary.
• VA will defend individuals against the Federal govt. if the feds go after individual for not buying the right kind of health care.
• WY making it a felony for a Federal agents to go after individual for some Fed. gun law violations.
• Tea Party posting Wood’s videos on Nullification.
• Facebook groups for all 50 states for putting together Nullification measures.
• CA ignoring med. marijuana laws.

* Theonomy term coined by Bhansen.
* What do you think of Theonomy?
* Joke “Oh I am against it, I hate God’s Law.”
* Every Christian is a Theonomist, we all believe God’s Word as authoritative.
* What is the continuing validity of God’s Law today?
* Westminster Confession
* Moral: Constant, through all time.
* Ceremonial: Fulfiled in Christ
* Judicial: Applied to Isreal in that state/condition excpet where the general equity thereof may require.
* General Equity Theonomist
* Parapits around roof of the house.
* General eqiuty here, you have a principle to provide protection to your guests.
* IMPORTANT: Not just the content of the Law, structure of the Law is important.
* IT IS A CASE LAW SYSTEM
* English Common Law goes back to King Alfred
* Took laws of Deut. and applied them to England.
* Not an overarching regulatory code.
* BIBLICAL LAW is NOT ONLY consitent with Civil Liberties, it is the absolute FOUNDATION for them.
* Conservative Christians need to grasp the distinction between SIN and CRIMES.
* Civil penalties apply to crimes, not sins. Should not be a law against drunkenness.
* What is your response to Rushdoony?
* Was not a card carrying Reconstructionist.
* Appreciate a great deal of it, earlier stuff preferred to later stuff.
* Enormously helpful.
* Broader Christian world should not be shy about reading Rushdooney, Gary North, Bhansen.

I would add Chilton and Jordan to the list. Many of these books can be found for free here.

* Not classic horror fiction, about emotional security and refuge.

* Teaching girls to be allured/fascinated/attracted to the bad boy who will destroy you.

* Textbook case of the classic abusive relationship.

* Good girl attracted to bad boy.

* Infatuation and danger part of excitement.

* Girls who like the books are being attracted/effected by something their dad’s should be concerned about.

* Why is this book worth addressing?

* Because it is so popular that it must be scratching an itch, and we need to know what that itch is.

* Because it is a phenomenon which is coming into the church.

* BOOK RECOMMEND: E. Michael Jones – Monsters From The ID

Part 2

* Why are the good girls attracted to he bad boys?

* Partially a result of the dearth of masculinity in society.

* Good boys are exasperating because they are not masculine.

* Too many spineless wimps.

* Church’s accommodation to feminism.

* Church’s hostility to masculinity needs to be addressed.

* Edward allow’s girls to have it all.

* Translucent, wafey, fragile yet powerful, deadly, strong.

* Weird metro-sexuality about Edward.

* Bella

* Clumsy, no great beauty, nondescript.

* Now desired in every possible way.

* Recipient of a torrent of desire.

* Dad is nice guy but perhaps a dud also.

* She is a canvas that the reader can then fill in with themself.

Source

• I’ve been looking through Heidelblog, Modern Reformation and several of Darryl Hart’s books to learn the dividing lines two-kingdom pastors observe in preaching and shepherding–and after several days of doing so I’m more confused than when I began.

Amen to that!

• 70% of homes have a mortgage on them (the other 30% are “paid off.”)  This implies that approximately 10.5% of all all homes are delinquent or in foreclosure.
• What should happen is that the auditors, bank regulators and examiners should go into these institutions and demand that any loan 60+ be marked to the current appraised value of the property less 10% for rehabilitation and sales expense.
• That would give the banks and MBS-holders a powerful incentive to negotiate immediate short sales or deed-in-lieus, as doing so would relieve them of the 10% additional penalty in rehab and sales expenses.

Read the whole thing here.

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Read the whole thing here.

Vortex Cannon! – Bang Goes the Theory Preview – BBC One

Embedded video found here.

German socialists, liberals and psychiatrists persecute and incarcerate homeschoolers