Monday, February 9, 2015

Is There a Mattress Solution?

The University of California Student Association passed two resolutions Sunday calling for the University to divest from American companies that some say profit from alleged human rights violations in the West Bank and Gaza Strip, as well as several governments including the U.S. that some say commit human rights violations...

The first resolution, which calls for divestment from some companies in Israel and was introduced in November by Students for Justice in Palestine members, had been tabled for months because board members wanted more time to talk with their constituents.

The second resolution calls for the UC to divest from foreign governments such as Brazil, Egypt, Indonesia, Russia, Turkey, Sri Lanka and Mexico, and the U.S., who some say have violated the right to “life, liberty, security of person, to education, to privacy, family (and) home, to own property and (not to) be arbitrarily deprived of property.”...

Full story at

Actually, the mattress solution wouldn't work if the portfolio were kept in U.S. dollars since the currency consists of Federal Reserve notes and the Federal Reserve is ultimately a creation of the U.S. government. But maybe gold coins? Bitcoins? More seriously, all of these resolutions call for using other people's money, especially the underfunded pension account, for political purposes at no sacrifice to the resolution passers.

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