Government

Illinois Democrats Savaged By African-American Gun Rights Activist Colion Noir

“Every cop on the street knows who’s doing the killing- it’s the gang members and felons these same fearless politicians refuse to prosecute and throw in prison. And all these anti-gun politicians have to offer is gun control… and then when that doesn’t work, more gun control.

You politicians don’t represent these communities- you’re political parasites, where your political career thrives on exploiting the conditions in these places.

Because if you were trying to save lives, you’d be having a national day of action to demonstrate ways to stop the gang violence in the inner city, not how to come up with more laws that haven’t worked and that you don’t enforce in the first place…”

-Colion Noir, African-American gun rights activist, attorney, and National Rifle Association member/commentator, calling out Illinois Democrats on their gun control agenda


“Commentators | S6 E16: ‘How Not To Fix Inner-City Gun Violence’”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Signs Of The Time, Part 108

After blogging back on June 21 about the next round of property tax bills due to hit Cook County, Illinois, residents’ mailboxes in the coming days, I told my girlfriend to pay attention to the local mainstream news outlets as there would be no shortage of pissed-off Chicago homeowners (their hit an average 13 percent higher than last year) airing their grievances.

Sure enough, I was watching Chicago ABC affiliate Channel 7 Tuesday when the following segment appeared near the top of the evening news broadcast:


“Cook County Property Tax Bills Cause Outrage”
ABC Chicago Video

“Higher/new fees, fines, and taxes in conjunction with reduced government services going forward”

Truly a sign of the times for Chicagoans… and an increasing number of other Americans.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Marc Faber: ‘I Think Before The Year End We’ll Have Some Form Of QE 4 In The U.S.’

Swiss-born investment advisor/money manager Marc Faber was on the phone with the FOX Business Network this morning. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report discussed additional intervention by the world’s central banks in the wake of the “Brexit” vote and more quantitative easing in the United States. “Doctor Doom,” as the financial news media likes to call him, told viewers:

Regarding the confidence, I’m not so sure, because if you look at the performance of Treasury bonds, they would indicate that there is a sense that the economy’s weakening and that there are problems in the financial system. Also if you look at the performance of European bank stocks, they are horrible performers. So the confidence coming back- I’m not sure. But clearly Brexit means more money printing by central banks. They will continue to intervene. And I think before the year end we’ll have some form of QE4 in the U.S…

(Editor’s note: Bold added for emphasis)


“Marc Faber: Brexit means more money printing by central banks”
FOX Business Network Video

On the spectre of recession, Dr. Faber added:

I think the problem will be if there are no additional QEs around the world- not just in the U.S. but around the world- is that asset prices will no longer go up and we’ve seen this already in London properties, in New York properties- and this will have a negative impact on the economy. The recession in my view is not going to come from really the economy per se, but from asset price deflation

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Cook County, Illinois, Faces $174 Million Shortfall

From the Cook County, Illinois, website (under “News) last Thursday:

Cook County Board President Toni Preckwinkle today released the preliminary forecast for the County’s Fiscal Year 2017 budget, signaling that difficult financial choices are on the horizon as the County develops its budget over the next several months.

Preckwinkle announced a projected operating shortfall for FY2017 of $174.3 million…

(Editor’s note: Bold added for emphasis)

Hal Dardick reported on the Chicago Tribune website on June 30:

A year after reversing course and reinstating a hefty sales tax increase that helped spell the political demise of her predecessor, Cook County Board President Toni Preckwinkle on Thursday warned of more potential tax hikes to come.

Without cuts or additional taxes, fines and fees — or some combination of those options — the county expects to fall more than $174 million short of what would be needed to pay the bills in the budget year that starts Dec. 1.

Closing the gap “will not be easy, but residents will be assured that we will do so by making tough decisions required,” Preckwinkle said while presenting her preliminary budget in an annual ritual that invariably includes significant shortfall projections.

The county will focus on cutting costs, but “everything is on the table,” including tax increases and layoffs, Preckwinkle said

(Editor’s note: Bold added for emphasis)

Dardick noted that the Cook County Board President ruled out hiking property taxes this time around.

Like I’ve been warning for a number of years now- Chicagoans, Cook County residents and Illinoisans should expect higher/new fees, fines, and taxes in conjunction with reduced government services going forward.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Dardick, Hal. “Preckwinkle: Tax hike, budget cuts on table as county faces $174M shortfall.” Chicago Tribune. 30 June 2016. (http://www.chicagotribune.com/news/local/politics/ct-cook-county-budget-shortfall-met-0631-20160630-story.html). 5 July 2016.

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Chicago Pastor Calls On State Of Illinois To Declare ‘State Of Emergency’ Over Financial Woes

One Roman Catholic priest in Chicago is sounding the alarm over the financial health of both the City of Chicago and State of Illinois. Tom Schuba blogged on the NBC Chicago website Monday:

Father Michael Pfleger, the outspoken pastor at St. Sabina’s church in the Auburn Gresham neighborhood, called on the state of Illinois to declare a state of emergency amid dire economic situations in Chicago and Illinois

The city’s broke, the state’s broke and dysfunctional and in downstate Illinois when a hurricane happens, a tornado happens, what do we do,” Pfleger asked. “We call a state of emergency and resources are brought in.”

Pfleger encouraged using federal resources to embolden communities and bolster the police force…

(Editor’s note: Bold added for emphasis)

While I don’t see eye-to-eye with Fr. Pfleger on gun “control” (a subject for which he routinely makes the local news headlines), I do agree with him that some sort of action is required to tackle both Chicago’s and the State of Illinois’ fiscal problems, and that “bolstering” of the Chicago Police Department is necessary.

You can read the entire piece on the NBC Chicago website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Signs Of The Time, Part 107

Personally, I believe that whoever wins the White House in November will be inheriting a “poisoned chalice” when it comes to the economy.

I strongly suspect the United States will enter into recession (if it’s not already in one) shortly.

And I fear the next (final?) stage of a U.S. financial crash I first started warning about back on Memorial Day Weekend 2007 may be helped along with the election of one particular candidate to the highest political office in the land after spotting the following this morning on the CNBC website.

John Harwood reported Monday:

One of President Barack Obama’s economic advisers will join Hillary Clinton’s campaign in another sign of close coordination between the White House and the presumptive Democratic nominee.

Jacob Leibenluft, deputy director of the National Economic Council, will become a senior policy adviser as Clinton prepares to fill out her economic agenda for the general election…

(Editor’s note: Bold added for emphasis)

Anyone looking forward to four (eight?) more years of “Obamanomics”?

If so, it sounds like that could very well be what’s in store for the country again after November 8, based on this news and other developments I’ve been following.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Harwood, John. “Hillary Clinton to add Jacob Leibenluft, Obama’s long-time economic adviser, to campaign team.” CNBC.com. 20 June 2016. (http://www.cnbc.com/2016/06/20/hillary-clinton-to-add-jacob-leibenluft-obamas-long-time-economic-adviser-to-campaign-team.html?utm_content=buffer72413&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer). 21 June 2016.

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More Financial Pain For Many Chicago Homeowners In The Coming Days

When it comes to keeping on top of the latest financial developments coming out Chicago, I’ve been out of the loop lately (no pun intended).

As if that really mattered. Like I’ve been saying for some time now- the writing is on the wall for the “Windy City” concerning its finances.

I’ve also pointed out time and time again Chicagoans should expect higher/new fees, fines, and taxes (in conjunction with less government services) going forward.

Case in point- the next round of property tax bills. Hal Dardick reported on the Chicago Tribune website last week:

Chicago homeowners should brace themselves for sticker shock when they open their mailbox at the end of the month: property tax bills on average 13 percent higher than last year.

The big increase is mostly being driven by the record tax increase Mayor Rahm Emanuel engineered last fall to fix city pension funds for police officers and firefighters.

Cook County Clerk David Orr released tax rate figures Monday, revealing the practical effects of City Hall’s painful decision. The owner of a single-family home with the current average sale price of about $225,000 can expect to see a property tax bill of $3,633, an increase of about $413

(Editor’s note: Bold added for emphasis)

Compare this to an overall 9.3 percent citywide increase over the last three years, according to Dardick.

And just this morning one local TV news broadcast reported that the Chicago Teachers Union is demanding Mayor Emanuel raise taxes even more for school funding.

I think it’s pretty safe to say that more financial pain is heading Chicagoans’ way.

As for the rest of Cook County, the Tribune piece noted:

By comparison, homeowners in suburban Cook County typically can expect more modest increases, averaging 2 percent, although they already are paying substantially more than their city counterparts, according to Orr’s data…

Last I checked County finances weren’t too pretty either, so these suburban homeowners may very well be in the same boat as their city counterparts down the road.

For more information, check out Dardick’s entire article here on the Tribune website.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Illinois ‘Gun Dealer Licensing Act’ Shot Down

“House Bill 1016, or the Gun Dealer Licensing Act, could make the process of buying guns in Illinois even harder. Under the new regulations, gun shop owners would have to apply for an additional state license on top of the ones they’re already required to get from Illinois and the Federal Government. It’s got local gun shop owners and their customers concerned…”

-WSIL-TV 3 (Southern Illinois ABC affiliate), May 25, 2016

The Illinois “Gun Dealer Licensing Act” is dead.

For now at least.

From a press release on the Illinois State Rifle Association website today:

6/1/2016

OBNOXIOUS EFFORT TO BAN GUN SHOPS TURNED BACK IN ILLINOIS
CONTACT: Richard Pearson, Illinois State Rifle Association, (815) 635-3198
WEB SITE: http://www.isra.org

SPRINGFIELD, IL– The following was released today by Illinois State Rifle Association (ISRA) Executive Director, Richard Pearson:

“Hard work and a good dose of civic pride prevailed this week as a divisive and punitive piece of gun control legislation was hammered to death in the Illinois House. By way of thousands of phone calls, emails, and witness slip filings, the Illinois General Assembly got the message that Illinoisans do not want some hate-filled outsider telling them what guns they can buy and where they can buy them.”

“Earlier this spring, former astronaut Mark Kelly rolled into town trumpeting his ‘Gun Dealer Licensing Act’ as the sure-fire cure for Chicago’s violent crime epidemic. In reality, Kelly’s proposal was nothing more than a transparent attempt to put lawful firearm retailers out of business.”

“If enacted, Kelly’s bill would result in jumps in retail prices of firearms by $100 or more along with doubling the price of a box of ammunition. Kelly’s bill would foist an unbearable regulatory burden on lawful firearm retailers which would cause many, if not most to close their doors. The good people of Illinois saw right through Kelly’s scheme and responded swiftly – making it abundantly clear that they’d have nothing of it. So, at the stroke of midnight, the ‘Gun Dealer Licensing Act’ became nothing but a fireball streaking across the stratosphere over Springfield.”

“Kelly’s campaign against the Second Amendment is driven by his hatred of citizens who dare to own firearms. Thus, the Gun Dealer Licensing Act proposal was nothing more than a thinly-veiled effort to punish lawful gun owners. Kelly and his ilk have promised to bring the bill back next session. We really wish that Kelly and his pals would not come back – we’re sick of looking at him. On behalf of the citizens of Illinois, I’m asking Kelly to abort reentry, return to low-earth orbit, and stay there.”

“If the gun control movement is really serious about reducing violent crime, they will turn their attention away from closing lawful gun shops and towards the root of violent crime – the career criminal. The Chicago Police Department’s own figures indicate that nearly 90% of murderers have previous criminal records while, at the same time, three-quarters of murder victims have previous convictions as well. If the corrections authorities cannot rehabilitate violent criminals, then they need to keep them behind bars. It’s that simple. So my message to Kelly and his buddies in the gun control movement is to get with the program, or get out of town.”

For more information about the ISRA, head on over to their website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Peter Schiff: Obama, Federal Reserve, Government Have Failed As ‘This Economy Is A Disaster’

Economist, financial broker/dealer, and author Peter Schiff appeared on the Alex Jones Show last Friday. Schiff, who correctly-called last decade’s housing crash and recent global economic crisis, discussed a number of subjects with Jones, including Puerto’s Rico’s recent default/economic crisis and “modest” U.S. inflation numbers. The “crash prophet” said of the U.S. territory:

It’s never a problem until it is. So Puerto Rico is broke, but now it’s a problem because the creditors figured out that they’re broke. Well America is more broke than Puerto Rico. That’s a fact. It’s just that our creditors haven’t figured it out yet. But when they do, then Donald Trump is going to end up being right, because all we can do is default. And if we don’t default, if we print money- which now Trump is saying, “Oh, we don’t have to default because we can print.” Well printing is worse than default, because printing doesn’t just wipe out the bondholders, it wipes out anybody who hold U.S. dollars.

When asked by Alex Jones where all the inflation is being hidden, the CEO of Euro Pacific Capital pointed out:

It’s actually hiding in plain sight because, because first of all, the inflation is all the money printing. That’s the definition. The consequence of inflation is that prices go up. But look, stock prices went way up. Real estate prices went back up. Rare art went back up. Collectible cars went back up. I mean, asset prices have gone up like crazy- that is inflation. And, of course, anybody who lives in America knows that the prices are going up. Look, rents are up about 8 percent year-over-year. Look how much health care costs have gone up. Utilities are going up. Look at the price of food. Have you bought a steak recently at a supermarket? Prices are going up. It’s just that the government is not doing an accurate job of reporting, and that is by design…. The standard of living is going down. Americans are working two or three jobs a piece. And they can barely make ends meet. You know, this economy is a disaster. And everyone wants to pretend that it’s great, because no one wants to admit that Obama is a complete failure, that the Federal Reserve was a complete failure, that everything that government has done has failed.


“Venezuela Is America’s Socialist Future”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Quote For The Week

“Patriotism is supporting your country all the time, and your government when it deserves it.”

-Mark Twain (American author and humorist. 1835-1910)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, May 24th, 2016 Government, Quote For The Week No Comments
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