- First and foremost, check out the Weekend Knowledge Dump from Active Response Training.
- Also, Greg Ellifritz reviews a new book, gunFIGHT!, on using a firearm at real close quarters--grappling and hand-to-hand distances.
- Update: Several weeks ago, The Firearms Blog had posted a translation of Part 1 of an article from a Russian magazine on the development of the 5.45x39mm cartridge. However, I have not seen Part 2 yet. So, here is the link to Part 2 of the article (in Russian or Slavic, I presume--you will have to use your Google translate option): "5.45x39. Part 2: A difficult fate."
- "5 Things Every Reasonable Gun Owner Ought To Know"--by Marc J. Victor, a defense attorney. (H/t The Firearms Blog). The five points discussed are: (1) do not make statements after a shooting; (2) understanding (the criteria of) self-defense; (3) lawyers argue about the facts; (4) mandatory minimum sentences; and (5) what to think about when you are thinking of pulling it out.
- God--He's a real smart guy: "Why every man SHOULD be circumcised: Minor op 'reduces transmission of STDs, lowers the risk of penis cancer and boosts fertility'"--Daily Mail.
- "Leaked German Gov’t Report Shows Refugees Committed 200,000 Crimes Between 2014 And 2015"--The Daily Caller. As you would expect, the majority of these crimes involved theft or fraud (e.g., identity theft).
- "Why $100 bills and €500 notes may soon be killed off"--Money (via Yahoo).
- Related: "The Ban On Cash Is Coming, Soon"--Zero Hedge.
- Related: "This Is The Real Reason For The War On Cash"--Zero Hedge (a re-post of an op-ed in The Wall Street Journal).
The real reason the war on cash is gearing up now is political: Politicians and central bankers fear that holders of currency could undermine their brave new monetary world of negative interest rates. Japan and Europe are already deep into negative territory, and U.S. Federal Reserve Chair Janet Yellen said last week the U.S. should be prepared for the possibility. Translation: That’s where the Fed is going in the next recession.
Negative rates are a tax on deposits with banks, with the goal of prodding depositors to remove their cash and spend it to increase economic demand. But that goal will be undermined if citizens hoard cash. And hoarding cash is easier if you can take your deposits out in large-denomination bills you can stick in a safe. It’s harder to keep cash if you can only hold small bills.
So, presto, ban cash. This theme has been pushed by the likes of Bank of England chief economist Andrew Haldane and Harvard’s Kenneth Rogoff, who wrote in the Financial Times that eliminating paper currency would be “by far the simplest” way to “get around” the zero interest-rate bound “that has handcuffed central banks since the financial crisis.” If the benighted peasants won’t spend on their own, well, make it that much harder for them to save money even in their own mattresses.