Sorcery “Goes Back Decades”

07 Thursday Nov 2019

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It is QE Infinity! The New York Fed’s funny money giveaway program was supposed to end on Monday. Instead, today the WSJ treats us to uncannily shoddy journalist revelations of a continuing nature.

The New York Fed added $115.14 billion to financial markets via temporary operations on Thursday.

The liquidity additions came in two parts. One was an overnight repurchase agreement with eligible banks totaling $80.14 billion, and the other was via a $35 billion 14-day repo. Eligible banks didn’t take all the liquidity offered by the Fed in the one-day operations, but in submitting $41.15 billion in Treasurys and mortgages for the latter operation, their interest in securing liquidity exceeded what the Fed was willing to provide on Thursday.

Fed repo interventions take in Treasury and mortgage securities from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the bonds. The Fed’s injections are aimed at ensuring that the financial system has enough liquidity and that short-term borrowing rates remain well-behaved.

Recent Fed market interventions aren’t designed to serve as stimulus. While the sizes of recent operations are large, the practice of adding and subtracting liquidity from short-term markets to manage short-term interest rates goes back decades. The Fed is also buying Treasury bills to increase the size of its balance sheet and to add permanent liquidity to the financial system, and it hopes that effort will reduce the need for large temporary interventions.

Not a stimulus, just a behavior modification. Okaaaaay. Adding massive permanent liquidity (to a supposedly healthy system, well-behaved) in lieu of temporary interventions. Hmmmm.

Make of all that what you will. At this point, the dates, numbers, and words simply cannot be trusted. It was $165 Bn per day for 50 days. Now, is it $165 Bn for 53? Or, is it $115 Bn for 53? Or something else forever? Splitting the crazy differences … $140 Bn for 51.5 days = $7,210,000,000,000.00*. Or, they are now printing the fiat at the rate of 1 2019 GDP every five months. Or! 1 2019 SLFR BASE every three weeks. King Midas would be jealous.

*If it is 165/53, then we’re at $8.745 Trillion through today.

Soon…

The West is Not Dead

06 Wednesday Nov 2019

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Dying, yes. But, it’s a reversible death at this point – though maybe not in Amerika. Still, PCR hits another homer:

A world based on lies is a false world, and that is what the Western World is today. It is a LIE.

In the articles below Lance Welton describes how the female takeover of academia is destroying rational thought and substituting emotive responses in its place. Stephen Adams describes how Lynsey McCarthy Calvert was hounded out of her job as spokesperson for Doula UK, the national organization of birth coaches, for saying on Facebook that only women can have babies. The organization concluded that her obviously true statement breached the organization’s equality and diversity guidelines. Delta airlines in its in-flight films elevated the preferences of the small minority of lesbian/homosexuals above that of the straight population and shows same-sex love scenes. The lesbian/homosexuals were offended by their absence. The straights offended by the scenes don’t matter. In Oklahoma City the police are investigating “It’s okay to be white” posters as a hate crime. Who can imagine “It’s okay to be black” posters being investigated as a hate crime? In Sweden truthfully attributing the 1,472% increase in rape to the immigrant-invaders gets a person investigated for a hate crime.

In the Western World a handful of perverts are able to dominate the vast masses of the Western population, because only “victim groups” can specify who the guilty parties are. The guilty parties are the social and intellectual mores of people who made Western Civilization great despite its many crimes.

This suffices as an obituary of the Western World.

Remember, it’s not the wimps and freaks that are our enemies. They’re just what they are and no more. The problem is our fat, lazy, moronic “allies” who are content to doze on the sofa until the end. Wake up!

Why is “raise taxes” always the go-to?

06 Wednesday Nov 2019

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Another Boomer reads from the worn, old script.

Dalio, who founded the hedge fund in 1975, told CNBC from the Greenwich Economic Forum that the national debt, pension liabilities and health-care liabilities will ultimately have to result in higher taxes since defaulting isn’t an option.

“We’re dealing with almost a currency issue, longer term, in terms of what is the value of currency when those liabilities – not only the debt liabilities, but the pension liabilities and the health-care liabilities, which are like debt. They are promises that have to be paid – they will either be paid by higher taxes or they’ll be not paid and defaulted on,” he said.

“I don’t think they will be defaulted on,” he added. “I think by and large they’re going to be paid, but if they raise taxes too much, then it changes the nature of that economics.”

Category error. It’s not “almost a currency issue.” It’s not economics. It’s sorcery. Including everything that could be a liability, there isn’t enough wealth left to tax. Default is a given. The choice is to do it peaceably and gracefully or to suffer collapse and war. And, war is the default condition.

Let’s Save the Planet

05 Tuesday Nov 2019

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The communists global warmongers climate scientists know what is best! And that is fewer humans.

Now, four decades later, a larger group of scientists is sounding another, much more urgent alarm. More than 11,000 experts from around the world are calling for a critical addition to the main strategy of dumping fossil fuels for renewable energy: there needs to be far fewer humans on the planet.

“We declare, with more than 11,000 scientist signatories from around the world, clearly and unequivocally that planet Earth is facing a climate emergency,” the scientists wrote in a stark warning published Tuesday in the journal BioScience.

While warnings about the consequences of unchecked climate change have become so commonplace as to inure the average news consumer, this latest communique is exceptionally significant given the data that accompanies it.

When absorbed in sequence, the charts lay out a devastating trend for planetary health. From meat consumption, greenhouse gas emissions and ice loss to sea-level rise and extreme weather events, they lay out a grim portrait of 40 years of squandered opportunities.

The scientists make specific calls for policymakers to quickly implement systemic change to energy, food, and economic policies. But they go one step further, into the politically fraught territory of population control. It “must be stabilized—and, ideally, gradually reduced—within a framework that ensures social integrity,” they write.

Hey, great! I know of 11,000 people we could start with.

The “Darker Aspects” of Financial Sorcery

04 Monday Nov 2019

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As if there’s any other kind. A good look at them and at what’s coming: The End of Money.

Money vs Real Wealth

I happen to know a good deal about our current system of money; how it is created, how it functions, its benefits and its darker aspects. I find it critical to remember that it isn’t actually “real”. Rather, it is a concept. Specifically, it’s a social contract. An agreement. Albeit one enforced at the end of a gun – or, as seen here, an eviction sheriff enforcing the local tax codes:

So while money isn’t “real” in itself, we value it because it is a claim on real things.

Having a lot of it currently entitles you to a great deal of privileges and power, which are a direct outcome of the spending of that money.

Money can be converted into houses. And cars. And massages. Also groceries, electricity, cell phone services and prescription drugs. These and ten billion other things are what money allows you to buy — the things you actually need or want.

So money is the means, but it is not the real wealth. ‘Real wealth’ is the things that money enables you to acquire.

Read on. There’s a reason I frequently rant about this stuff. Look at those charts. Prepare.

White Toxicity in the Air: Algebra is Racist

03 Sunday Nov 2019

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Get your kids ut of the failed government schools! The Daily Caller has an excellent omnibus article on the rot:

Local school systems across the country are proposing radical changes in the name of reducing demographic-based achievement gaps.

Parents who support Democrats at the federal level have recoiled at what they view as identity politics gone too far.

School systems in Washington state, Maryland, New York, Minnesota and Virginia are among those where radical agendas have become a flash point in schools, with parents fearing their children’s educations will suffer.

None of this is new or surprising unless you’re a boomer just awakened from your g-g-generational slumber. But, it’s a good running review. Read all about the “nonbinaries,” the white toxicity in the air, and those fairly radical atheists. Remember that all of these educrats and vultures, who run the schools, are themselves either mentally retarded, mentally ill, or purely evil.

A Weekly Preview

03 Sunday Nov 2019

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This week’s TPC column will consist of yet another series of education stats and comments, somewhat related to today’s feature here – coming along shortly.

Also, I’m slowly working my way through the Kindle version of The Substitute as well as writing a prequel novella. Those you won’t want to miss. The work would go faster but for my stuffy nose and headache.

A Fine Novel

02 Saturday Nov 2019

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I’ve now seen a physical copy of The Substitute, and folks, it looks damned good!

ORDER A COPY (OR TEN) TODAY

Soon, I’m going to make a new video on the subject. I’ve now heard from several early readers that the thing really works, that it grabs the attention and doesn’t let go. That’s great to hear as the author. It’s a book with many levels and angles, a deep and important matter wrapped in a decent story with great characters. I was aware, pre-publication, that there was already a novel by the same name, featuring a substitute teacher. But, that work (which I suppose is a very good book too) is more of a girl’s romance fantasy(?) No relation beyond the title. And then, this week, someone made me aware of a smart boy on Farcebook who noted that there was a movie in the 90s by the same name. Again, there’s no relation. To my knowledge, there’s nothing else anywhere like my work. And, if you’re a movie or TV watcher, prone to Facebook philosophy, then I’ll go out on a limb and say that, even if you can read the book, you’ll miss the point. Sorry. Every one of the advance readers working on it now and commenting is at least a Mensa level thinker. That wasn’t the target audience, but it might help for a full appreciation. Anyway, I’ll have more in the video.

Some pictures:

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See, Farcebookers, it’s 440 pages with no pictures. The cover, however, looks better in real life than on the digital previews. I’d give it an “A” but I could be biased.

But Who Will Take Our AR-15s?

02 Saturday Nov 2019

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Or tax our churches? Beta gives up:

“Our campaign has been about seeing clearly, speaking honestly and acting decisively in the best interests of America,” O’Rourke wrote in a Medium post. “Though it is difficult to accept, it is clear to me now that this campaign does not have the means to move forward successfully. My service to the country will not be as a candidate or as the nominee.”

Maybe it will be as an expat!? He can swim off and find Nemo now.

Will Sorcery Affect the Food Supply?

01 Friday Nov 2019

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At a time when Americans are obviously eating more than ever, the farm industry requires massive subsidization.

The Agriculture Department projects that farm incomes will reach $88 billion in 2019 but nearly 40% of that — $33 billion — will come from trade aid, disaster assistance, the farm bill and insurance indemnities, according to a new report by the American Farm Bureau Federation (AFBF).

Why it matters: Farmers — a critical constituency for President Trump in the 2020 presidential election — are feeling the squeeze from China’s retaliatory tariffs, extreme weather and record-high farm debt that’s driving farm bankruptcies.

By the numbers: In a 12-month period ending in September 2019, Chapter 12 farm or fishery bankruptcies totaled 580 filings, up 24% from a year earlier and the most since 2011, when 676 chapter 12 bankruptcies were filed.

Wisconsin experienced the highest Chapter 12 bankruptcy filings at 48 filings, followed by 37 filings in Georgia, Nebraska and Kansas.

Iowa, Kansas, Maryland, Minnesota, Nebraska, New Hampshire, South Dakota, Wisconsin and West Virginia reported Chapter 12 bankruptcy filings on par with or above 10-year highs

One wonders if the banksters eat too. And this is all during the “boom” times.