Likely to Get Much Worse…

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The narcotic references speak for themselves.

“The repo market has been drugged into submission by the Fed,” said Jim Bianco, head of Bianco Research. “That’s fine for a while. But what I am getting concerned about is that they’re not figuring a way to get it off the drug and get it back to normal, and that will be a problem longer term for them.”

Investors have long complained about the Fed hand-holding the market, injecting trillions of dollars in liquidity and keeping interest rates artificially low during and after the financial crisis.

This is a different situation, though.

Rather than looking to goose the economy back to health, the Fed is now using its balance sheet to make sure banks have enough reserves and an adequate amount of capital is flowing through the system to keep things running efficiently. The effort also is aimed at keeping the Fed’s own overnight funds rate within the 25 basis point target range it employs.

It’s like an addict who has to keep getting the fix, not for a new high, but to keep from going into withdrawals. This is your economy. This is your economy on sorcery.

RPC explains that this is a global and system-wide issue.

Today central banks not only support bond prices by heavy purchases, they do the same thing in the equity market. The Bank of Japan, for example, owns 77.5% of Japan’s ETF (Exchange Traded Fund) market, having bought nearly 23 trillion yen of the ETF market since 2013. https://www.reuters.com/article/us-japan-economy-boj/kuroda-defends-japan-central-banks-etf-buying-sees-no-near-term-exit-idUSKBN1O602Q

The Federal Reserve owns assets equal to 20% of US GDP. The European Central Bank owns assets equal to 40% of the euro-zone economy. The Bank of Japan’s asset hoard now exceeds the Japanese economy in size. https://www.bloomberg.com/news/articles/2018-11-13/bank-of-japan-s-hoard-of-assets-is-now-bigger-than-the-economy

With this background, we can now get on with the story.

For a decade we have had a stock market based on (1) the profits from lower labor costs by producing offshore the goods and services corporations sell to Americans, thereby destroying the American middle class and the tax base of cities and states, (2) the use of corporate profits for buying back the corporations’ stock, and by borrowing to buy back stock, thus decapitalizing the corporations in order to support stock prices, managerial bonuses and shareholder capital gains, and (3) Quantitative Easing (QE) which pumped trillions of dollars into US financial markets, thus pushing up the prices of financial assets. If the money the Federal Reserve created in order to support the solvency of the “banks too big to fail” had gone into the economy, hyperinflation in consumer prices would have been the result. Instead the money caused inflation in the prices of financial assets, and this is the explanation of why a small percentage of people—shareholders—have accumulated most of the gains in income and wealth.

The extraordinary increase in the inequality of incomes in the United States is the consequence of using economic policy to support the New York Banks, which has meant supporting the prices of the bad assets on their balance sheets.

In America today truth gets no respect from anyone whether right, left, liberal, conservative, Democrat, Republican. The idiot Hillary has alleged that the only sane Democrat—Tulsi Gabbard— is a Russian agent! It blows the mind. And the presstitutes treat the absurd allegation as if it is a fact.

Right on all counts. The sorcery has begotten inequality that begins to look like slavery. Most people seem okay, at present, with the situation. One wonders when and how that will change. Ask any addict – the crash always comes.

UConn Job: Arresting the First Amendment

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States have stupid laws, many of them in conflict with the Constitution. That’s not the news, nor are these arrests in CT.

“The two students both were charged under CGS 53-37, ridicule on account of creed, religion, color, denomination, nationality or race,” Reitz said. “A third person had accompanied them as they walked outside of the apartments, but the police investigation determined that individual had not participated in the behavior.”

The two men arrested were identified in a police report obtained by Campus Reform as Ryan Mucaj and Jarred Karal, both 21. The police report states that Mucaj and Karal “played a game in which they yelled vulgar words” after leaving an area business.

Mucaj and Karal are scheduled to appear in court on Oct. 30. If convicted, they could face fines of up to $50, up to 30 days in jail, or both.

The news is that the President of the “univerity” supports the police state:

UConn President Thomas Katsouleas released a statement reacting to the arrests, saying, “It is supportive of our core values to pursue accountability, through due process, for an egregious assault on our community that has caused considerable harm. I’m grateful for the university’s collective effort in responding to this incident, especially the hard work of the UConn Police Department, which has been investigating the case since it was reported.”

The due process versus the collective. Yeah… Katsouleas? Maybe he needs to go back. Greece surely needs more communists. Ridicule and contempt? I hope so.

What People Are Saying About “the Substitute”

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Well, the book is working its way through the printer, and already I discover people remarking about “the Substitute.” Here are a few of the comments I found out there:

“Yo! Dude can read, add, and tell time. He like a wizard!” – QaMarqus, Eighth Grader

“The man is dangerous. Not just to our enemies. Period.” – Dep. Director, CIA, NCS

“A walking right-wing violation of the narrative. No idea how he got past the dissertation committee. And, why can’t anyone find Dr. Ludahwitz?’ – Marie, Ph.D., Harvard

“Best operator I’ve ever known. Glad he’s my friend. More glad he’s not my enemy.” – Ronald “Oak” Moreland, US Navy SEAL (Ret.)

“I couldn’t walk for a few days. But MY GAWD it was good!” – Leah, Supermodel

“We miss his style and finesse in the field. That violent, raging finesse…” – [REDACTED], SIS Agent

“Please! I’ll give you any… NOOO!!! *GAHHH*.” – R.K., Int’l Child Sex Predator (Deceased)

“He seems unorthodox but highly effective. And, damn girl, he could substitute for my husband!” – Carla, High School Math Teacher

“He knows too much!” – JP Roth, Basel, CH

“Yeah. My best customer!” – Rico, Rico’s Beer and Cigar Stand

Learn more soon.

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Tom Ironsides is The Substitute

UPDATE: LIVE NOW (NEED REVIEWS!) (5-STAR!)

1st NOVEL Inbound! This Week

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THE SUBSTITUTE

She’s locked and loaded into Amazon’s (and other systems). Could be 72 hours – more or less. You’ll know ASAP.

Formatted, it’s 440-ish pages in a high-quality paperback format.

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$19.95

Kindle to follow – doing this one the right way.

Super excited. I’ll have all the info you need just as soon as the finished thing is ready.

-P

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Pardon those broken line things – Pub Preview – not in book.

Pimp’n Yo Ride

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Eric Peters once again sounds the alarm on the dystopian future of automobiles in Amerika.

Volvo – which is not-coincidentally owned by the control-freak Chinese – intends to include an upgraded version of its “Volvo on Call” technology in its cars within the next couple of years. What it means is that your Volvo will make a call – about your driving. If the car doesn’t like it – based on data gleaned from sensors which monitor how you drive – the car will slow itself down and park. Where you’ll wait until the car decides to let you drive again.

Assuming it hasn’t called the cops.

Volvo isn’t the only car company intending to install such technology, either. In fact most cars sold since about 2015 already have the technology to monitor – and stymie – your driving.

Soon, they may have even more technology.

New Mexico Senator Tom Udall – along with Senator Rick Scott of Florida – are “calling” for  a new federal law (see here) requiring that all new cars be equipped with passive and active technology to prevent the car from being driven – and stop it while it’s being driven – if sensors detect the presence of alcohol, the amount of that presence tunable to nil by the government-corporate nexus.

Right now, the legal threshold defining presumptive “drunk” driving in most states is a Blood Alcohol Content (BAC) of .08 – but several states – such as Utah – want to lower it to .05 or even less. For those under the legal age to drink alcohol, which is 21, any alcohol – even if not actually in the person – constitutes “drunk” driving if it is found inside the car, under “zero tolerance” laws in every state.

Will anyone hear what he’s saying? Probably, they are deafened by saaaaaaafety. For the kids and so forth. An old car – buy one.

Hottie vs. Hag 2019! – From TPC

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This one is pretty damned good…

Let’s Get Ready to Rumblllllle: Candidate Catfight 2019! Hottie Vs. Hag!!!

First … last week I facetiously mentioned that I might review some of that modern TeeVee programming. And, I really did! This being the end of October and all, I figured there might be something spooky worth watching. Upon finding a working tube, I sat down and flipped a few channels (there are more than four now!). Soon, I discovered what I thought would be interesting entertainment. It was a show featuring a large, ornate room. Within the room was a babbling pack of psychotic retarded people, most of them exhibiting signs of demon-possession. I said, “Cool! A horror movie!” But, after watching for maybe ten minutes I realized it was just C-SPAN.

And there you have it. Congress. Washington. The Republicrats. Idiocracy + Psycho = Yo GubMint. Now, now, this isn’t another (justified) hit piece on the whole apparatus. My title alludes to some trouble brewing in the Democratic Party. Literally, there’s a hag out to get a hottie. Much like a flick worthy of Halloween, a wicked witch has her wicked sights set on the sweet Everygirl. I can’t very well leave that alone.

There are – believe this or not – a few politicians I think DO NOT look like potential street lamp ornaments. In Congress, among maybe a few others, we have: Rand Paul (R-KY); Ed Markey (D-MA), and; Tulsi “Hot Surfer Girl” Gabbard (D-HI). Rand is kind of like his father, but a little further out of time. Good guy. I know little of Markey’s positions on most issues, but the man is all over the intersection of technology creep and personal privacy. A good guy. Gabbard, in addition to be the best-looking lady in Congress, also maintains the Founders’ sane sensibilities about foreign policy. She’s also an Imperial Yankee Army Officer and she’s running for President.

I called her doom back in June when she effectively Ron Pauled herself during a debate. When asked some idiotic question about phucking around with Iran, she had this to say:

“War with Iran would be worse than war with Iraq,” said Gabbard, an Iraq War veteran. “Donald Trump and his chickenhawk cabinet—Mike Pompeo, John Bolton, and others—are creating a situation where a spark would light a war with Iran. Trump needs to get back into the Iran deal, swallow his pride, and put America first.”

This was akin to RP’s “I’m the only one on this [RNC] stage who has ever worn the uniform.” Like Paul, she handily won the debate, if polls are to be trusted. And like him, she sealed her fate. I knew the Uniparty/Deep State would deep-six her; I just didn’t know when or how.

Enter the hag…

Last week, former Secretary of Moloch, Hillary Clinton (D-Gorgoroth), opened fire on the brave, beautiful veteran. Some of you might recall that, back in 2016, Killary was defeated by The Donald (who, for his part, has made no effort to “lock her up”). Back then, she had Russia! on her brain. I suppose the condition is permanent. While the rest of the pack moved on to fake Ukraine! claims and, now, to fake, baseless, hearsay impeachment rants, Killary is still claiming everyone to the right of Mao is a Russian agent, asset, hacker, mole, or plant. Just like Trump, according to Cankles, Gabbard is a Putin protégé:

Hillary Clinton said that Rep. Tulsi Gabbard is being groomed by Moscow to run as a third-party spoiler candidate in 2020 to help President Trump win reelection.

“They are also going to do third party again,” Clinton, 71, said. “I’m not making any predictions, but I think they’ve got their eye on somebody who is currently in the Democratic primary and are grooming her to be the third-party candidate,” Clinton said, referring to Gabbard, without mentioning the Hawaii representative by name.

“She is a favorite of the Russians. They have a bunch of sites and bots and other ways of supporting her so far. That’s assuming Jill Stein will give it up, which she might not because she is also a Russian asset.”

Oops! Jill Stein too… And, you – you bots, if you support Stein or Gabbard (or Trump) (or anyone else not HRC or HRC-approved).

ALL AT TPC

More About Tulsi

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David Catron has an interesting perspective on the lovely lady from Hawaii.

For a sense of how divorced the Democrats are from mainstream America, the collapse of Tulsi Gabbard’s presidential campaign is instructive. Gabbard is a liberal who supports banning so-called assault weapons, raising the minimum wage to $15, free college tuition, etc. But her positions on abortion and health care are relatively moderate. Moreover, she is circumspect about impeachment, the only responsible position for a sitting congresswoman, and supports withdrawing American troops from Syria. Thus, her poll numbers are tanking. This is good news for Republicans. If a liberal like Tulsi Gabbard is too moderate for today’s Democrats, they have no chance of beating Trump in 2020.

She is (was) the only one with a slim chance of competing with Trump next year. As I said, she has Ron Pauled herself. And, all this was before the Warmonger Queen unloaded. A shame.