April 21, 2013 

The Cypress template

It's now official, sizable deposits of euros are now being seized from depositors accounts and converted to "stock" in bankrupt Cypriot banks.

As of Dec. 10, "too big to fail" became the policy of the Federal Deposit Insurance Corp. and the Bank of England and is being used now here to seize your money.

These shenanigans were tried prior to 1933, by the same speculative interests, using the same methods and for the same purpose -- to take your money.

In response to this looting scheme, Glass-Steagall legislation was signed by FDR in 1933, creating a firewall between legitimate commercial banking activity and the gambling activity of hedge funds, insurance companies and real estate speculators.

Glass-Steagall served well for 60 years only to be repealed in 1994 after a dozen attempts and millions of dollars were spent lobbying Congress to remove these restrictions.

Since 1994, the ever-increasing gambling losses of banks have been shifted from them onto you, the public.

Face the fact, your bank deposits are now being used in a vain attempt to keep a dead financial system afloat.

For your survival, demand immediate reinstatement of The Return to Prudent Banking Act, HR-129.

ROB DUPUY

Pasco

Arms trade treaty

On March 23, U.S. Sens. Maria Cantwell and Patty Murray, both D-Wash., voted against Senate Amendment 139 to S.Con.Res.8. The amendment has the statement of purpose: "To uphold Second Amendment rights and prevent the United States from entering into the United Nations Arms Trade Treaty."

Do the Democrats of Washington really want strong-arm leaders the likes of Vladimir Putin of Russia, Kim Jong-un of North Korea, Xi Jinping of China, Bashar al-Assad of Syria, Mahmoud Ahmadinejad of Iran, and Abdullah bin Abdulaziz al-Saud of Saudi Arabia defining rules and laws that you must live by?

I know that most of Democrats want some form of gun control, but do they really want it to come via the loss of our personal freedoms as guaranteed by the Constitution?

If you don't, then write, email or call your senators and tell them they are wrong to hand over your guaranteed freedoms to foreigners.

CARL WHEELER

Richland

Misuse of drones

Assassinations from the airspace of neutral or allied countries is contrary to the rule of law. A few terrorists are being eliminated that are out of reach by conventional methods. But at what cost? How much hatred of Americans is generated by the violation of another nation's sovereignty and any associated deaths of innocents and property damage?

The human and political repercussions of the misuse of Unmanned Aerial Vehicles (UAVs), or drones, in countries that we are not at war with far outweighs the elimination of a few radicalized thugs. Continuing the use of drones in these countries can only further reduce any support for the United States in our so-called war on terror. Hearts and minds are never won by military force that is contrary to the rule of law.

Muslim friends and potential Muslim friends who understand the rule of law are being radicalized and estranged from us faster than any successful drone strikes of this nature. This creates an environment that encourages the recruitment of even more terrorists.

BILL PETRIE

Richland

Minimum wage

The Obama administration proposes raising the federal minimum wage from $7.25 per hour to $9. Why not $100 or $1,000 per hour?

Answer: employers would lay off and not hire anyone who could not produce value enough to cover the wage expense. Most businesses would close their doors because of exorbitant labor costs.

Similarly, the current minimum of $7.25 makes unemployable those whose current job skills are too low for a willing employer to afford them at that rate. This "unemployment effect" will inevitably increase if the minimum rises to $9.

Those who suffer most are inexperienced, poorly educated young people, especially minorities. The minimum wage law bars such youngsters from getting that first job or trainee position, so many of them will be unemployed forever.

Economist Walter Williams, author of Race and Economics reports: "Black teen unemployment is about 40 percent; for whites, it is about 20 percent. The minimum wage law weighs heavily in this devastating picture."

Do we need a high minimum wage to prevent employers from "exploiting" workers? No. There is high competition among employers for skilled workers. So skilled workers demand and receive pay higher than the legal minimum.

DAVID BERGLAND

Kennewick

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