As the 88th Texas legislature regular session races toward sine die on May 29, here’s a quick update on two bills that caught my attention:
The senate is debating a bill to prevent banks from tracking firearms purchases. Good. We should not be letting the government set up a gun confiscation list, or banks a list to start banning law-abiding gun owners based on the goal of goosing their ESG scores.
You probably remember Scott of Kentucky Ballistics’ little oopsie (as he calls it), when a spicy round blew up his 50 cal and almost killed him. Since that brush with death he’s deliberately blown other firearms under more controlled conditions and filmed the results to show the failure modes.
This time, however, he’s teamed up with The Slow-Mo Guys to blow up some guns at exceptionally high frame rates.
They blow up both an AR-15 and a .300 Winchester Mangnum rifle. The most interesting part for me was seeing that the explosion rips through the bottom of the AR’s magazine before the top of the gun starts flying.
But wait! There’s more! Here’s Scott and the Slow-Mo Guys playing Kentucky Roulette for some close up demolition.
“AK Guy” Brandon just dropped the fourth installment of his “Weird Guns Being Used in Ukraine Right Now” on YouTube, showing some of the funky, modified, and just plain ancient weapons be used in active combat there. The first installment is age limited and non-embeddable, but the other three are below.
Highlights:
Both sides are using he original Maxim belt-fed machine guns, a World War I mainstay “patented in 1883. Timeline-wise this weapon was designed closer to the beginning of the American revolution in 1776 than it was to the current Ukrainian conflict.”
PKM machine guns taken off armored vehicles and converted for individual use. Which is more difficult than it sounds, since the firing mechanism is triggered by an electric solenoid. “They had to rig up an entirely new firing system to rig up to these things, and quickly, and frankly I’m impressed. Ghetto gunsmith to ghetto gunsmith, crisp internet high five.”
Chechen soldiers (assuming there are any of them still around) are better equipped than Russian soldiers.
“You’re seeing all sorts of modern munitions, anti-armor stuff, aircraft drones. But then in the exact same confrontation, you’re also having guys that are carrying around weapons that are so old that their great grandfathers could have easily carried in the Great War to end all wars. And while the reality of war is obviously very tragic, the significance of some of the stuff being used in the field is extremely interesting.”
Highlights:
“Modified mortar RPG rounds…in guerrilla warfare, it’s always useful to have a couple of rednecks around.”
That ridiculous “six antipersonnel grenades attached to an RPG” thing.
“Some poor Ivan got handed a squirrel killer (a Chinese QB-57 single shot air rifle) and was thrown into the middle of 21st century combat with drones and tanks and was told good luck, have fun. It’s no wonder a lot of young Russian men are leaving the country rather than being conscripted…nothing says the government cares about your well-being quite like being tossed into fucking combat with a Red Ryder from A Christmas Story.”
Russia is also using World War II era DPM or DP-28 Degtyarev machine guns. “It’s basically like a PKM, if a PKM wasn’t belt fed and was instead fed by a pizza dish. It’s the closest thing to a full dinner plate most Soviets ever got to see.”
Other World War II era machine guns seeing combat: MP40s, Sturmgewehr (STG) 44s and MG 42s.
“There’s a lot of Russians now rolling around with
[American Thompson] .45 ACP submachine gun, AKA of course the Tommy Gun.” A legacy of Lend-Lease.
Plus: Anti-tank rifles! Including a PTRS-51 chamber in 14.5mm. “I guarantee you that shit will buttfuck the engine of any vehicle ever, as well as probably penetrate some of the light armor on some of the lightly armored armored personnel carriers.”
A suppressed Barrett M107, which is every bit as monstrously long (and no doubt heavy) as you would suspect.
Ukraine is also using everyone’s favorite space-alien looking FPS gun, the FN FS-2000.
Lots of ghetto gunsmithing.
A really funky glider with an RPG-7 on top. It actually looks slightly funkier than the flying yeet of death. Which comes next in the video.
Russians using old-fashioned sporting break action shotguns against drones.
More Maxims, including in duel, triple, and quad mounts. “We’re starting to get in the territory of like those mech things from Matrix Revolutions. [Now] we have something that is basically just a ghetto-rigged Minigun.”
If you’re interested in vintage, weird and improvised weapons, all the videos are worth taking a look at.
More on the collapse of Silicon Valley Bank, Syria gets spicy again, woke companies like Disney are having massive layoffs, and Sig Saur gets into the Killbot business. It’s the Friday LinkSwarm!
Courtesy of Bloomberg’s reporting, it appears that not only were insiders dumping their shares faster than syphilitic hooker, there were loading up on loans from the bank at a scale that makes a mockery of any regulatory oversight…
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Yes, that’s real.
Loans to officers, directors and principal shareholders, and their related interests, more than tripled from the third quarter last year to $219 million in the final three months of 2022 – a record dollar amount of loans going back over 20 years.
Many questions come to mind – what were the terms, who were the recipients, what was the collateral?
But, sadly, we will likely never know.
However, we do note that the banking execs may be facing a serious shortfall (like their bank): if the loans were collateralized by SVB shares for example, those shares are now worthless, leaving the loan-heavy C-suite left to come up with the cash to repay the loans (and no, these loans don’t disappear with the bank’s liquidation).
Between that and the insider share dumping, people need to go to jail.
After the implosion of the FTX crypto exchange run by Sam Bankman Fried, questions of due diligence and competency immediately arose, suggesting that perhaps the company mishandled assets “accidentally” and that Fried was naive and “in over his head.” Numerous central bank officials and globalist organizations jumped into the debate almost immediately, arguing that FTX was a perfect example of why centralized regulation of crypto and digital currencies was necessary. They claimed that without oversight by banking elites, disaster was inevitable.
Of course, what they did not mention was that FTX and Sam Fried already had extensive connections with globalist groups including the World Economic Forum. In fact, the very basis of Fried’s business model was the WEF’s “Stakeholder Capitalism” theory, which he often referred to as “Effective Altruism.”
Stakeholder Capitalism is essentially the opposite of free markets – It is a socialist/globalist framework which uses corporations as a kind of economic enforcement tool. Corporations are already highly socialistic in their operations, and their existence is completely dependent on their special relationship with government. Corporations are created through government charter, enjoy special protections under “corporate personhood” laws and avoid direct consequences for criminal activities through limited liability.
Many corporations are not even allowed to fail because governments backstop their operations. That’s socialism, not free markets. However, “stakeholder capitalism” expands on this dynamic a hundred-fold.
Where free markets assert that businesses must make profit their primary objective for the overall economy to function, the WEF asserts that companies including banking institutions have a social obligation that goes beyond making money. To the typical leftist this probably sounds like a Utopian vision filled with promise, but to anyone that actually understands economics it sounds like a recipe for the collapse of civilization.
The WEF paints stakeholder capitalism an effort to reign in the power of the corporate system in favor of social causes. In reality, it’s a way to give corporations ultimate power over everything, including ultimate influence over public behavior.
We have seen extensive evidence of this through widespread corporate ESG investment programs implemented in the past several years. It is no coincidence that the invasion of woke ideology into the mainstream happened at the exact same time that ESG-based lending accelerated.
The institutions lending to various companies were able to set social rules for access to credit, and these rules required businesses to adopt far-left politics in their marketing and policies as a result. Stakeholder capitalism is about homogenizing all business into a single ideological entity – Instead of competing with each other for market share through innovation, companies have been abandoning merit based competition and are colluding to saturate the mainstream with social justice cultism, climate change propaganda and globalist rhetoric.
By making corporate elites “responsible” for society, we give them the power to engineer society.
However, the WEF’s model of false altruism is turning out to be a disaster for corporate survival. I have to wonder now if this was the intent all along – To create a kind of ESG fueled woke financial bubble that was always intended to come crashing down, leaving the western world in ruins.
Snip.
Looking into SVB’s operational history, the company was a woke nightmare.
Take a gander at their 66 page ESG report compiled in 2021 to get a sense of how far to the extreme political left the bank was. SVB is the pinnacle example of why “Get Woke, Go Broke” is more than a mantra, it’s a rule.
Digging even deeper we then find that SVB’s leadership was highly involved in the WEF and their Stakeholder Capitalism Metrics (SCM), along with corporate governance. SVB was not only implementing every single policy the WEF outlines in its agenda, they were reporting back to the WEF on their progress.
SVB’s capital exposure was heavily tied up in securities, but also venture capital for woke tech startups, climate change related projects and leftist activist groups which qualified for ESG loans; everything from BLM to Buzzfeed. In other words, they were investing aggressively into money-pit projects that devoured cash and gave nothing back. The real question is, how many US banks are involved in ESG and WEF operations at the same level as SVB? Dozens? Hundreds?
“U.S. Carries Out Airstrikes in Syria after Iranian Drone Kills U.S. Contractor, Wounds Five Service Members.” As I’ve mentioned before the withdrawal of most U.S. troops from Iraq and Syria doesn’t mean all. And the same goes for Africa.
“56% of liberal white women age 18-29 have been diagnosed with a mental health condition.” Well, you already said “liberal”…
Louisiana state Rep. Francis Thompson switched from the Democratic to the Republican Party, given Republicans a super-majority in both houses and thus the ability to override any veto by Democratic Governor John Bel Edwards. ““The push the past several years by Democratic leadership on both the national and state level to support certain issues does not align with those values and principles that are a part of my Christian life,” said Thompson.
World Athletics, the governing body for international track and field competition, has banned men from international competition. “I’ll take ‘Headlines no one in the 20th century would understand’ for $600, Alex.”
“Dallas Bar Cancels All-ages Drag Event.” Funny how the threat of having your TABC license yanked concentrates the mind…
Get Woke, Go Broke Part 1: After a string of expensive bombs and streaming losses, Disney to lay off 7,000 employees.
Get Woke, Go Broke 1.5: “Woke Marvel Producer Victoria Alonso Gone From MCU.” She was one of the central figures pushing Disney to adopt a pro-groomer position in Florida. The ostensible reason for her firing was breach of contract for producing a non-Marvel movie, but a lot of industry insiders think her outspoken wokeness was a key reason for her getting the axe.
Get Woke, Go Broke Part 2: “Twitch Streaming Service To Sack 36% Of Employees.”
SIG Sauer announced late last week it has acquired General Robotics, one of the world’s premier manufacturers of lightweight remote weapon stations and tactical robotics for manned and unmanned platforms as well as anti-drone applications. The companies have been working in concert for some time, a fact made obvious at January’s SHOT Show when they debuted a Polaris ATV equipped with a General Robotics PitBull remote weapons station that aimed and fired the vehicle-mounted SIG MG 338 belt-fed machine gun remotely.
“This acquisition will greatly enhance SIG Sauer’s growing portfolio of advanced weapon systems,” said Ron Cohen, president and CEO of SIG Sauer. The team at General Robotics is leading the way in the development of intuitive, lightweight remote weapon stations with their battle-proven solution.”
Here’s Joe Rogan shooting a Pit Viper, which is evidently the 2011 model Wick shoots in the film:
“That is the smoothest gun of all time. It doesn’t move. Like it literally doesn’t move, there’s no recoil.”
It does indeed look pretty cool and easy to shoot, but before you rush out to buy one, keep in mind that: A.) It’s not going to be available for sale until May, and B.) It’s going to set you back about seven grand.
Here Colion Noir interviews a rep for Staccato about the differences between the 1911 and the 2011.
Staccato is in Texas, and their 2011 models start at a somewhat more reasonable $2,499.
(Aside: I like Noir, but he does the “yeah,” “uh-hu” noise thing that tells the person he’s talking to “Yes, I’m following you,” which he needs to learn not to do for filmed interviews.)
Is there significant enough difference between a 1911 and a 2011 to justify the nomenclature change? I’m slightly skeptical, but I’ve never fired a 2011. Maybe the difference is night and day.
Would I buy a 2011? Not right now, mainly because I just picked up a Sig Sauer P365 Micro Compact 9mm as a carry gun last year, and even $2,500 is considerably more than I want to spend on a gun right now. But if the prices drift down to around $1,000 over the next few years, I’d definitely give them a more serious look.
In addition to getting over a cold, I spent most of the non-work day trying to assemble a pressure washer so I could attach a water-jetting attachment so I can clean out a blocked exterior line so I can run my dishwasher without it overflowing my sink.
The result of all this labor is that I still need to call a plumber. So enjoy yet another abbreviated LinkSwarm.
Hmmmmmm! “Hunter Biden Business Partner Flips, Now ‘Cooperating’ With GOP Investigators.”
Eric Schwerin, a close business associate of Hunter Biden who also dealt with Joe Biden’s business and tax affairs, is now working with House GOP investigators looking into Biden family dealings – particularly in Ukraine and China, where the family collected millions of dollars, Just the News reports.
Eric Schwerin, a close business associate of Hunter Biden who also dealt with Joe Biden’s business and tax affairs, is now working with House GOP investigators looking into Biden family dealings – particularly in Ukraine and China, where the family collected millions of dollars, Just the News reports.
“He is cooperating with us,” House Oversight and Accountability Committee Chairman James Comer (R-KY) told the outlet.
“His attorneys and my counsel are communicating on a regular basis. Now, I feel confident that he’s going to work with us, and provide us with the information that we have requested,” Comer continued. “I think that Schwerwin is going to be a very valuable witness for us in this investigation.”
Of note, Schwerin, the former president of Hunter Biden’s now-dissolved investment firm Rosemont Seneca Partners, visited the White House at least 19 times from 2009 to 2015, according to White House visitor log records reviewed by The Epoch Times and first reported by the New York Post.
Patrick L. Wojahn, the Democratic mayor of College Park, MD, resigns over child porn charges. Name that party: His political affiliation only shows up in the 19th paragraph of the piece. (Hat tip: Dwight.)
Illnesses to Democratic senators Dianne Feinstein and John Fetterman mean that Democrats have temporarily lost their senate majority. That will teach you to rely to Octagenerians and visibly impaired stroke victims to carry your water. (Hat tip: Stephen Green at Instapundit.)
“Rockets owner Tilman Fertitta submits $5.5 billion bid for NFL’s Commanders.” He should move them to Austin and change the name back to the Redskins, just to spite them.
Did MacKay get Tulipmania wrong? It turns out he was also an enthusiast for the far more destructive “Railway Bubbles” that struck England in the 19th century.
This is from a few months ago, and acting as your own attorney is usually a bad idea 99 times out of 100. But this video of Florida Open Carry advocate Don Andre calming and patiently dismantling the police officer who violated his rights by arresting him without proper cause in the course of taking his deposition is a thing of beauty.
Again, it is generally best to leave such activities to the legal professionals. But if you are going to represent yourself, make sure that you’re as calm, and know the relevant law as thoroughly, as Mr. Andre
Sunday and Monday this week, I gathered up all my dead branches from the ice storm along the curb in advance of Tuesday’s announced neighborhood-wide branch pickup. I know it’s going to take some time, but it’s Friday and I see no signs that brush has been cleared from anyone’s curbs…
He said ESG poses a threat to the American Economy and individual economic freedom, he further said it’s an attempt for corporate’s elite to discriminate against those who do follow a particular “ideological agenda.” His proposal will outlaw this.
“By applying arbitrary ESG financial metrics that serve no one except the companies that created them, elites are circumventing the ballot box to implement a radical ideological agenda. Through this legislation, we will protect the investments of Floridians and the ability of Floridians to participate in the economy,” DeSantis said, at the news conference.
Heh. “Federal District Court Judge Orders Illinois to Show Examples of Every Newly-Banned Firearm.” (Hat tip: Instapundit.)
Maybe they should spend more time on schools instead. “Not A Single Student Can Do Math At Grade Level In 53 Illinois Schools.”
“Judy Monro-Leighton, one of three women who accused now-Justice Brett Kavanaugh of sexual assault, was found to have lied during a congressional investigation and is now being charged with making materially false statements and obstruction.”
Nicaragua’s scumbag commie government sentences Roman Catholic bishop Roland Alvarez to 26 years in prison for “treason” for daring to stand up for Catholics and refusing to be exiled.
What began as a trickle is now a flood: the US government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry. And the administration’s efforts are no secret: they’re expressed plainly in memos, regulatory guidance, and blog posts. However, the breadth of this plan — spanning virtually every financial regulator — as well as its highly coordinated nature, has even the most steely-eyed crypto veterans nervous that crypto businesses might end up completely unbanked, stablecoins may be stranded and unable to manage flows in and out of crypto, and exchanges might be shut off from the banking system entirely. Let’s dig in.
For crypto firms, obtaining access to the onshore banking system has always been a challenge. Even today, crypto startups struggle mightily to get banks, and only a handful of boutiques serve them. This is why stablecoins like Tether found popularity early on: to facilitate fiat settlement where the rails of traditional banking were unavailable. However, in recent weeks, the intensity of efforts to ringfence the entire crypto space and isolate it from the traditional banking system have ratcheted up significantly. Specifically, the Biden administration is now executing what appears to be a coordinated plan that spans multiple agencies to discourage banks from dealing with crypto firms. It applies to both traditional banks who would serve crypto clients, and crypto-first firms aiming to get bank charters. It includes the administration itself, influential members of Congress, the Fed, the FDIC, the OCC, and the DoJ. Here’s a recap of notable events concerning banks and the policy establishment in recent weeks:
On Dec. 6, Senators Elizabeth Warren, John Kennedy, and Roger Marshall send a letter to crypto-friendly bank Silvergate, scolding them for providing services to FTX and Alameda research, and lambasting them for failing to report suspicious activities associated with those clients
On Dec. 7, Signature (among the most active banks serving crypto clients) announces its intent to halve deposits ascribed to crypto clients — in other words, they’ll give customers their money back, then shut down their accounts — drawing its crypto deposits down from $23b at peak to $10b, and to exit its stablecoin business
On Jan. 3, the Fed, the FDIC, and the OCC release a joint statement on the risks to banks engaging with crypto, not explicitly banning banks’ ability to hold crypto or deal with crypto clients, but strongly discouraging them from doing so on a “safety and soundness” basis
On Jan. 9, Metropolitan Commercial Bank (one of the few banks that serve crypto clients) announces a total shutdown of its cryptoasset-related vertical.
More at the link. I’ve long been skeptical of cryptocurrency advocates assertion that crypto provides a useful alternative to government-backed fiat currency. But it sure looks like the federal government is acting like that’s the case…
An important message about eternal truths from well-known biologist Fred Rogers:
TRIGGER WARNING. ⚠️ This is the most upsetting thing you will see all weekend. pic.twitter.com/eVLPZ3J3RI
CRT-pushing commie Angela Davis finds out that one of her ancestors was on the Mayflower.
A British farmer reviews Clarkson’s Farm. He says despite obvious setup bits, a lot of it (like the unexpected catastrophes and intractable town council bureaucracy) rings true.
Here’s some spectacular slow motion footage of various rifle calibers hitting a steel plate at 250,000 frames per second. Rounds tested include .223, 5.56 NATO, 300 Blackout, 7.62×39 (the AK-47 round, but out of an AR pattern rifle), 7.62×54 (Mosin–Nagant), .308, and our old friend, .50 BMG.
A few notes:
5.56 NATO seems to pack more punch than 300 Blackout, which is strangely unimpressive.
You can actually see the shadow of the shock cone from the 7.62×39, which is pretty cool.
The fireball from the Mosin–Nagant is huge!
The .50 BMG is shot from a Noreen 50, which I don’t think I’ve seen before (on video or in person).
The .50 BMG punches through the ballistic steel plate and destroys the wooden backstop. You can see the shockwave distortion pass in from of the camera.
The fireball from the .50 BMG muzzle break is a lot more noticeable at 250,000 fps compared to 33,000 fps.
More lawsuits are pouring in against the Biden administration’s recent decision to redefine firearms with pistol braces as short-barrelled rifles (SBR) under the National Firearms Act (NFA), with Texas Attorney General Ken Paxton and Gun Owners of America (GOA) filing a joint lawsuit seeking to block the rule.
The lawsuit, State of Texas v. ATF, was filed in the Federal Southern District Court of Texas on Thursday, joining two other lawsuits filed in federal district courts in Texas. Those include a challenge filed by attorneys with the Wisconsin Institute for Law and Liberty in the Northern District, and a challenge filed in the Eastern District by the Texas Public Policy Foundation (TPPF).
GOA called their lawsuit “the most comprehensive” among those filed, writing, “Our complaint makes clear that the agency’s rule violates the Second Amendment ‘text, history and tradition’ standard set forth by the Supreme Court in its recent Bruen case.” GOA also said their case argues the rule violates several other constitutional provisions, including being an “invalid” exercise of taxing authority.
Paxton also released a statement on the lawsuit, saying he is hopeful they prevail in blocking the rule.
“This is yet another attempt by the Biden Administration to create a workaround to the U.S. Constitution and expand gun registration in America,” Paxton said in the release. “There is absolutely no legal basis for ATF’s haphazard decision to try to change the long-standing classification for stabilizing braces, force registration on Americans, and then throw them in jail for ten years if they don’t quickly comply. This rule is dangerous and unconstitutional, and I’m hopeful that this lawsuit will ensure that it is never allowed to take effect.”
Today, Gun Owners of America (GOA) and the Gun Owners Foundation (GOF) jointly filed a lawsuit challenging the Biden Pistol Brace Ban with Texas Attorney General Ken Paxton. The suit was filed in U.S. District Court for the Southern District of Texas.
This new rule, which took effect on January 31st of this year, will force Americans to register or destroy their approximately 40 million lawfully owned brace firearms within 120 days, or face possible felony charges.
Erich Pratt, GOA’s Senior Vice President, issued the following statement:
“Millions of Americans are facing a very tight deadline to destroy or register their lawfully owned property under this draconian new rule. We hope the court will hear the pleas of gun owners across the country who will be irrevocably harmed by this rule, and GOA stands ready to fight it at every turn.”
Sam Paredes, on behalf of the board for GOF, added:
“This rule will have some of the most wide-reaching impacts nationwide in the tyrannical history of gun control. We the People will not tolerate this abuse.”
Having a state Attorney General join your lawsuit tends to do wonders to establish standing to sue the federal government. Like bump stocks, ATF has decided to retroactively make an entire class of widely-owned firearms accessory illegal, along with turning millions of lawful gun owners into felons for continuing to possess the same accessories they had already lawfully purchased. The composition of the Supreme Court has changed since Gundy v. United States was decided, and the current court may be much more inclined to reign-in delegation of congressional powers to regulatory agencies.
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