Daily Archives: 10 March 2020

Arms Rights

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What’s the value of a law authorizing acknowledging our right to keep and bear when the Liberals in government routinely violate it?

Roosevelt Twyne, a 25-year-old African-American security guard, was arrested by Roselle Park Police in February after a traffic stop stemming from tinted windows on his car. Evan Nappen, Twyne’s attorney, told the Washington Free Beacon that his client was then erroneously charged for illegally carrying a firearm and being in possession of so-called hollow point ammunition.
“He was arrested for the hollow point ammunition,” Nappen told the Free Beacon. “Then they claimed he was transporting his handgun illegally. He had a permit to carry a handgun.”

And he wasn’t carrying hollow point ammunition, either. He was carrying Hornady “Critical Duty” ammunition, issued to him by his employer and explicitly identified as legal by the New Jersey State Police.

This is all clear-cut and should be open and shut—Twyne has his weapon and ammunition promptly returned to him with apologies for the mistake.

No.

The Union County [Roselle Park’s county] Prosecutor’s Office did not respond to questions about the charges against Twyne but did say his case will be heard next month in New Jersey Superior Court.

Next month.  In a few weeks.  The prosecutor will get around to Twyne’s case when the prosecutor damn well feels like it. Quit bothering him. In the meantime, Twyne remains with his lawfully possessed and carried weapon and his lawfully possessed ammunition in Government’s custody. And unable to work.

This is an example of why gun control laws must be doomed to fail. They’re just a step on the road to confiscation.

How Long Can Russia Hold Out?

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What’s behind the oil price plunge and the associated stock index plunge?

Russia refused a Saudi Arabia deal to cut oil production during the current drop in demand for oil by an additional 1.5 billion barrels per day. This would have been on top of the 1.7 billion barrel per day cut begun some weeks ago in response to reduced oil demand driven by reducing Asian and European economic activity.

That reduced demand has been exacerbated by the coronavirus’ panic-driven impediment to overall economic activity.

In response to the Russians’ refusal the Saudis cut their price of oil by $6-$8 dollars and have said they’d increase their oil production by some 2.3 million barrels per day. In essence, the OPEC-agreed limits on oil output are completely withdrawn.

This has added stress to the Russian economy.

…the Russian ruble ha[d] its worst day since 2014, down more than 8% against the dollar.
…
Russian authorities on Monday pledged to use their $150 billion sovereign-wealth fund to support the economy and said the nation’s budget can withstand low crude prices for a decade.

But at what cost, what trade-offs? Given Russia’s financial commitments/needs to support its occupations of Ukraine and Georgia, its drive to build up its military, its cyber attacks against Ukraine, the Baltic States, and elsewhere around the world, it’s part in the joint development, with the People’s Republic of China, of Siberian resources, and on and on, for how long can Russia’s monetary reserves last, really? How long until Russia starts printing roubles, and triggering dangerous inflation?

And: do we have the stomach for lasting longer and doing better than Russia?