Michelle Morin

by Bob Adelmann

Attorney General Eric Holder

Professor Tom Woods wrote Nullification: How to Resist Federal Tyranny in the 21st Century back in June 2010 which got a lot of attention – a lot of it favorable, some not so – because it spelled out the constitutional protections against an overreaching federal government.

Some folks in Kansas decided to go for it and passed a law which contained this language:

It is unlawful for any official, agent or employee of the government of the United States, or employee of a corporation providing services to the government of the United States, to enforce or attempt to enforce, any act, law, treaty, order, rule or regulation of the government of the United States regarding a firearm, a firearm accessory, or ammunition that is manufactured commercially or privately and owned in the state of Kansas and that remains within the borders of Kansas. Violation of this section is a severity level 10 nonperson felony.

Let’s look at that again:  It is now “unlawful” for “any official, agent or employee” of the federal government “to enforce or attempt to enforce any law…” regarding firearms in the state of Kansas.

This is called throwing down the gauntlet.

Attorney General Eric Holder has picked it up.  Here is the relevant part of a letter he just sent to Kansas Governor Sam Brownback:

In purporting to override federal law and to criminalize the official acts of federal officers, [your law] directly conflicts with federal law and is therefore unconstitutional…

I am writing to inform you that federal law enforcement agencies, including the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Federal Bureau of Investigation, the Drug Enforcement Administration … will continue to execute their duties to enforce all federal firearms laws and regulations.

Moreover, the United States will take all appropriate action, including litigation if necessary, to prevent the State of Kansas from interfering with the activities of federal officials enforcing federal law.

I’m waiting for the next shoe to drop. Let’s see what happens when a BATF agent is arrested in Kansas.

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A graduate of Cornell University and a former investment advisor, Bob is a regular contributor to The New American magazine and blogs frequently at www.LightFromTheRight.com, primarily on economics and politics. He can be reached at badelmann@thenewamerican.com.

by Bob Adelmann

Flag of Germany

It’s unnerving and yet comforting when a worthy such as Bill Bonner agrees with me. What’s more likely is we’re both singing off the same sheet of music. In Monday’s newsletter Bonner titled his entry “The Recovery That Never Happened,” and I agree. Whatever green shoots (remember green shoots, the ever hoped-for, greatly anticipated but never sustained recovery from the Great Recession?) appeared have withered away, leaving the US, Germany and the world with an economy that isn’t recovering. In fact, it can’t, as long as the manipulators continue to administer its poisons to the patient.

Bonner is like the 500 pound canary. He founded Agora Publishing, one of the largest newsletter publishers in the world. Until recently he wrote The Daily Reckoning, a daily e-letter that goes out to 500,000 people and now blogs on his own website.

In writing about what he thinks has happened to the price of gold, he makes a couple of very interesting points: one is that commodity prices, especially that of copper, have dropped significantly – about 15% so far this year. He explains:

Copper is the metal you need to make almost anything – houses, cars, electronics. When it goes down, it generally means the world economy is getting soft.

This is confirmed by the Baltic Dry Index which continues to languish well below 1,000.  It has been as high as 12,000.

He produces a chart showing the sharp disconnect between the S%P 500 and the Deutsche Bank commodity index:

He says that in Germany sentiment indicators are coming in negative. This is in line with the work I just did in preparing my article on the phony German “model” that is being touted as the one to follow to revive a foundering economy. I looked not only at sentiment indicators, but also Germany’s demographics, its declining birth rate, its impossibly expensive welfare state, and personal income taxes. Did you know, for example, that a single worker loses half of her paycheck to taxes in Germany?

I concluded that article:

Any country wishing to adopt such a model will likely soon begin to enjoy the same results: an economic slowdown, a demographic challenge of heroic proportions, a welfare state that will shortly become unsupportable, a likely decline in its fertility rate and the resulting implosion of its population. In short, if [the German] model is adopted, it won’t take but a generation or two before Mark Steyn’s prediction comes true, that Germany and most of its neighbors will “devolve into quaint locales for vacationers, romantic poets and history buffs.”

As I said, it’s a little scary to see someone of Bonner’s stature seeing the same thing.

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A graduate of Cornell University and a former investment advisor, Bob is a regular contributor to The New American magazine and blogs frequently at www.LightFromTheRight.com, primarily on economics and politics. He can be reached at badelmann@thenewamerican.com.