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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: Amerika

COLUMN: The Trillion Dollar Coin

06 Wednesday Oct 2021

Posted by perrinlovett in Other Columns

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Amerika, column, economics, terminal decline, trillion dollar coin

The Trillion Dollar Coin

 

*A “real” column returns today!

The past many years, I have written again and again and again about the debt and the destruction it has wrought. Here we go yet again. A broken record on perpetual autoplay.

Not too long ago, on the PPN (I think), I told of the financial horrors plaguing the lowly-paid workers at Disneyland. I mentioned something about the absolute lack of enough money anywhere to properly compensate them. They’ve been joined this week by the members of the IATSE. This is the entertainment world edition of the national quest for $15(!). As I have explained previously, that is approximately half of what the bare minimum hourly wage should be (and won’t/can’t be). 

Here’s wishing all those good people well. But what they are up against is the hard wall of total financialization of the US economy. Debt, coupled with demographics, destroyed the American Nation and now dissolves the US as a polity. 

Once again, the base criminal morons in DC are playing the old fiscal cliff-debt ceiling game. Is there any doubt in anyone’s mind that the pointless limit will be raised? No. Our beloved Fed Chair Secretary of Treasury, Janet Yellen, who according to the Wiki “Early Life” was, in fact, born to “a family,” has publicly lobbied for Congress to give up control of the debt limit and get back to full-time Brahma worship. I mean, why not?

Her illegal private bank federal department even has an emergency plan to ensure full faith and credit and rainbow unicorns in the utterly impossible event that Kongress fails to act in time to further bury future Amerikans under a mountain of unpayable fake debts. They plan to mint – and this IS NOT A JOKE – a US Treasury $1 TRILLION platinum coin. One ounce of metal worth the entirety of LBJ’s 1969 economy. I could stop here. Even the assertion that this plan exists is definitive proof that this thing is wrecked beyond repair. However, in the interest of a full column, I’d like to poke around the old US Debt Clock for a little fun.

Note: I looked at the following figures on Tuesday afternoon; they’re worse now (whenever “now” is). In an attempt to stay slightly ahead of the extreme pace of our decline, I’ve rounded all the numbers upwards.

The total federal government debt (on books) that the popular press is having a meltdown over is $29 Trillion. Years ago, I predicted we’d be at $40 Trillion by 2024. I think we’ll make it. As-is, it’s roughly $87,000 per citizen and $229,000 per taxpayer. It’s also $54 Billion per Congress Critter, but they don’t count it that way.

This year, 2021, the dead empire has already expended about $7 Trillion, about half of it via new debts. The debt to GDP ratio is about 125%. All of this is “bad,” though we’re just getting started.

Total USSA unfunded liabilities total approximately $158 Trillion. We need that amount of cash on hand now to meet future requirements. We have approximately 0.0%.

The state and local governments are indebted to the tune of $3-4 Trillion. Ho-hum. Ma and Pa Amerika also carry serious obligations. Total personal debt is around $22 Trillion. That works out to something like $65,000 in debt per citizen. On average, Amerikan families have around $22,000 in assets. In other words, on average, Amerikan citizens and families, just like their governments, are bankrupt. This is why the loans – home, credit card, education, automobile, etc. – cannot and will not be repaid. 

Another way to look at the gross imbalance is through the lens of interest paid by and to the banks. The people have lately received about $66 Billion from the banks. However, they’ve paid the somewhat ominous number of $666 Billion to the banks. See how that works, mathematically and maybe Biblically?

Here’s the big intersection of the foregoing, my previous statements, and Janet’s new coin: There is NO MONEY in the US economy. I say that with confidence and based on the date. The Treasury currently has around $785,000,000 in hard dollars available. Some are transfer notes, some are old bills in circulation, some are accounting errors. They don’t matter and they statistically amount to zero. The Yellen Coin (which I hear might feature a portrait of Moloch) would technically increase the actual legal money supply. It would also debase the supply by the same amount of “emergency value” it adds. That doesn’t matter either. Why?

Because the total of the fake, nonexistent “money” floating around is so ridiculously high that it completely eclipses the rest. The bad money has totally driven out and murdered the good. The Clock goes with the most conservative estimate available: a total fake money supply of $600 Trillion! (The more liberal estimates range into the multiple Quadrillion$).

The ratio of fake, nonexistent money (it’s not even fiat currency) to real (eclipsed) legal money is roughly 765,000:1. Add in the Great Platinum Coin of 2021, and the ratio pitifully improves to 600:1. Lord Gibbons wrote something about a similar program a long, long time ago. There are examples from Weimar Germany and Zimbabwe. Ho. Hum.

The solution is to nullify ALL OF the debt and abolish the system that created it. A gold or other hard standard could be reimposed. All dealings in fake or fiat currency along with all forms of usury (in any amount) could be made illegal – capital felonies if we’re serious. And, all of this could be done legally and quickly. It is or could be, a great reset, though, of course, not The Great Reset. This plan, being beneficial to the 99.99%, won’t happen in the dying US. However, once the empire is gone and new nations form from the ashes, it will happen. It has to. And it is the right, good, true, beautiful, and Holy thing to do.

Maybe the grandkids…

Back to the Clock, there’s more!

They note that this Century, even as the total population increased, the workforce shrank. We have as many eligible adults, not in the workforce, and people working part-time as we do taxpayers. We have more people dependent on one or more types of welfare than we have total workers or taxpayers. We have almost as many government employees as we do union members and factory workers. We have far fewer manufacturing jobs than we did in 2000. Despite all the fake money sloshing everywhere, we have more people in poverty than ever. And, despite (or thanks to?) Obamacare, we have about as many “uninsured” people as we’ve ever had.

Forget my old 1952 comparison and the loss of purchasing power. We can just run with numbers from the distant year of 2000. Remember waaay back then? Neither can I. Then, the average salary was $31K and the average home price was $167K. Now, the numbers are $35K and $370K. Congratulations on that $4,000 raise!

They also post some commodities to paper dollar comparisons from 1913 to 2021. Those are so fantastically laughable that I’ll just let you wander into them. Also, note the rise in the value of the scam known as “cryptos.” 

The servants of satan tell us, with a smirk, that we’ll own nothing and we’ll be happy. We already own nothing. Happiness is what one makes of it. In closing, consider that, as for the masses, if or when the electricity, booze, and dope finally run out, being happy may well become synonymous with burning, lethal rage.

Just like at Disney, this ride is going to be wild!

It, of Course, IS Another Country

22 Wednesday Sep 2021

Posted by perrinlovett in Legal/Political Columns

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Amerika, another country, demographics, invasion

The legion of Haitian trolls, stalled under a bridge in their bid to further enrich Amerika, provide a convenient noticing point for many who were previously asleep.

“You turn the corner, and then you start to see up here, right, this sea of people just going in two directions,” said Jon Anfinsen, the National Border Patrol Council’s president of the Del Rio region. “You walk through here, and it really feels like another country.”

As Boston once put it, it’s more than a feeling. These are the poster children of the new third-world Disunited States. Congratulations to everyone who helped lead us to this exciting point in history. A powerful, prosperous, and coherent nation was completely destroyed in only around fifty years. The good news is that these examples will be fresh in the minds of the men who found the new nations. Hopefully, one or more of them will be a refuge for Americans.

Failed, Not Failing

10 Tuesday Aug 2021

Posted by perrinlovett in Legal/Political Columns

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Amerika, dead empire, failure, Pat Buchanan

Pat Buchanan lays out just a few of the issues defining the collapse.

America is unable to win the wars she chooses to fight. She cannot or will not control and defend her borders from a mass migrant invasion. She cannot halt an outbreak of criminality and killing in her great cities. She has not run a trade surplus in four decades. Her dependency upon foreign producers is unprecedented. And her budget deficits continue to break records every year — as does her soaring national debt.

Is that not the description of a failed or failing state?

America, the nation is long gone, given away and crushed by stupid Americans on the base suggestion of a small group of deviant outsiders. Now the US Empire crumbles. It’s no longer a nation, no longer a people, and soon it won’t even be a country. It’s time to move on and rebuild.

Towards The New Amerika

04 Sunday Jul 2021

Posted by perrinlovett in News and Notes

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Amerika, not your nation anymore

Today, as millions revel and fake president Greenscreen sleeps, they are working on our new national flag. In the meantime, Vanessa Williams will belt out the new national anthem! I understand “Bend Every Knee and Grovel” narrowly beat out “Prendez les Blancs” by “Frenchman” Nick Conrad. In an Amerika where less than a quarter of the population is American, it almost makes sense.

A Friendly Reminder

03 Saturday Jul 2021

Posted by perrinlovett in Legal/Political Columns

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Amerika, it's over, Massachusetts, Moors in 'Murica!

From Massachusetts:

Interstate 95 in Wakefield was shut down by a standoff between Massachusetts State Police and a group of heavily armed men Saturday morning. The men claim to be part of a group called “The Rise of The Moors – The Moorish American Arms.”

The group claims to be American nationals but not US citizens. They have a Moroccan flag.

That’s right. The Biden-Lucifer “administration,” fake news, FBI, CIA, DOD, ADL, Tooth Fairy, and the Moorish “American” Arms remind you that the most pressing danger to this dead country is … white supremacy.

Read Reed on War

26 Saturday Jun 2021

Posted by perrinlovett in News and Notes

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Amerika, civil war, Fred Reed, race war, War

Good old Fred knocks another one over the far wall.

Methinks the US may very well be heading toward a social explosion. The phrase “race war “is overwrought if it implies organized units and chains of command. However, in a country awash in firearms, a bloody, disorganized, continent-wide eruption is possible. To think “it can’t happen here” is complacently inattentive. We have already seen it in temporal and geographic piecemeal in the Fergusons and Portlands and Baltimores, in the armed anarchy of the cities. Arguably a broader uprising has failed to happen only because of intense pressure from government and media, and because whites have not acquired a sense of racial identity. If they do, or when they do, Katie bar the door.

It’s really good, really honest, and probably really accurate. You, who embraced tolerance, equality, equity, et al, helped bring us to this point. As for the “it can’t happen here” brigade, I again note that a head in the sand is primed for the scimitar. But, hey, it probably won’t be in your neighborhood, right? You do live in the woods way north of Lincoln, ME, right?

Too Fat to Fly

18 Tuesday May 2021

Posted by perrinlovett in News and Notes

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airlines, Amerika, decline, fat, health

Amerikans are now so fat that airplanes can’t get off the ground carrying them.

U.S. airlines may need to start weighing passengers in order to comply with FAA rules. For safety reasons, carriers need to calculate an aircraft’s weight and balance, and it has to be within allowable limits for the plane. However the assumptions they’ve been using for passengers are outdated. Americans are getting fatter, and the federal government wants airlines to find out how much fatter their passengers have gotten, at least for smaller aircraft.

If 30,000 HP can’t move your ass, it is too fat! A new day, a new low. The land of the free…

Novus Ordo Defectum

10 Monday May 2021

Posted by perrinlovett in News and Notes

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Amerika, Catholic schools, decline, education, hoax, Novus Ordo, schools

Of course, the WSJ paints this, as does the Church, as another sad product of the “pandemic.” That’s not where this accelerating failure among Catholic schools comes from.

Catholic schools across the country are struggling to keep the doors open, after a pandemic year that left many families unable to pay tuition and the church without extra funds to cover the difference.

At least 209 of the country’s nearly 6,000 Catholic schools have closed over the past year, according to the National Catholic Educational Association. More closures are expected this summer, and some schools have taken to GoFundMe in an effort to stay open.

Nationwide, Catholic school enrollment fell 6.4% at the start of this school year, the largest single-year decline since the NCEA began tracking such data in the 1970s.

The 1970s … about the time the effects of both the disastrous US social policies of the 60s and those of Vatican II began to emerge. Hmmmmm.

This is what happens when The Church no longer provides much distinction from what is peddled by hopped-up Germans and smoke machines and rock band churches. It’s what happens to the schools when they fail to offer any meaningful escape from the horrors of the government’s system. But, hey, the fake pope did recently call for an opening of the doors. Look what walked in – and out. Homeschool, in the Name of the Father, the Son, and the Holy Spirit.

 

A Word Salad of Stunning Admissions

07 Wednesday Apr 2021

Posted by perrinlovett in News and Notes

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admissions, Amerika, jews, schools, wow

Read THIS STORY from the J. Post.

That one just about has it all – failed schools, The Great Hoax, teachers’ union, LGBVPC, the “values,” etc, etc, etc. Even the ownership thing. Wow…

The Demographic Desert: Third-world Cognition in Amerika

07 Wednesday Apr 2021

Posted by perrinlovett in Other Columns

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Amerika, cognitive desert, deep decline, identity, intelligence, IQ, schools

The Demographic Desert: Third-world Cognition in Amerika

 

Again, it’s Identity > Culture > Politics. That order. Leading the others, demographics is, as they say, “destiny.” One of the supremely important factors of that destiny, which helps foster culture and politics, is average intelligence. In the USSA and across much of the West, national average IQs are slipping if not collapsing.

Before we enter into the exciting base matter for today’s discussion, I’d once more like to plug the near-definitive At Our Wits’ End by Dutton and Woodley (2018). That book exposed the alarming rate of decline of approximately .4 IQ points per year in places like the UK and the USSA. The primacy of intelligence has been acknowledged more recently: National Intelligence Is More Important for Explaining Country Well-Being than Time Preference and Other Measured Non-Cognitive Traits, Kirkegaard, et al (2020). 

The dystopian trend in the USSA was most recently expounded upon at the BPEA Spring Conference, March 25, 2021, and a paper authored by Caroline Hoxby, Advanced Cognitive Skill Deserts in the U.S.: Their Likely Causes and Implications. Check out the map at that linked summary and see if you’re in a cognitive skill desert. 

In Advanced cognitive skill deserts in the U.S.: Their likely causes and implications, Caroline M. Hoxby of Stanford University maps county-level data from standardized tests to show which regions have higher percentages of adults and children with advanced skills and which areas have lower percentages. She compares data for adults, 12th graders, 8th graders, 5th graders, and 3rd graders and finds that regional patterns, evident among adults, only begin to emerge by 8th grade and are similar to adults by 12th grade.

I’ve noted more than once that children trapped in failed government schools, and that’s ninety percent of USian children, demonstrate, via systemic standardized tests, a decrease in mathematical ability proportionate to their tenure in the so-called schools. Proficiency scores fall from elementary school to middle school to high school. The schools literally dumb the kids down, in terms of cognitive application, to the level of the average USian adult. That is exactly what Hoxby found. That is exactly what the “schools” were designed to accomplish. It’s a feature, not a flaw.

Of course, math, while last in the acronym, is the first and foremost building block of the STEM idol everyone claims to adore these days. Without it, there is no science or engineering, no advanced modern systems or convenient technologies. These are the numerically centered of the advanced skills Hoxby is concerned with. She focused on the middle school years, finding these to be the time of greatest development potential for higher-order reasoning, logical expression, abstract thinking, and critical inspection. Few if any of those subjects are taught, embraced, or even tolerated in today’s failed government schools. No foundation is laid and the “age of opportunity” in middle school is wasted. 

Hoxby found that – surprise, surprise – larger, higher-tech cities which attract more capable adults also generally have better advanced-thinking scores among the children of those adults. There is also the inescapable pattern of more advanced thinking in the northern parts of the USSA compared with the relative dearth of advanced cognition in the south. 

Still, she remains optimistic, reasoning that as with a geographic desert the mental deserts only require watering, the right water being increased spending. That is noble and, to a small degree, plausible, but it misses the larger causative factor – changing demographics. To put this bluntly, as seen on the map, locations with higher intelligence tend to have populations with higher concentrations of Europeans (and Asians). Areas with higher numbers of other peoples tend to exhibit lower intelligence averages. This isn’t a coincidence. It’s science, though a kind of science seemingly unwelcome in places where STEM is promoted.

The schools themselves are only partly to blame. They, after all, are products of policy and politics. Their work, good or bad, is tolerated in accordance with the norms of the resident culture. All of it is determined by identity. And since 1965, formerly White Christian European America has changed markedly, morphing into the United States of Multiculturalism. The effect of this change on average intelligence is akin to adding paint thinner to paint – both become thinner, diluted. 

In a macro social sense, two things have happened and continue to happen that drive down the average IQ of the USSA. First, intelligent Americans do not reproduce. Native-born citizens of lower intelligence do have children. This is encouraged and in many cases subsidized. Those with higher IQs have few – and increasingly no – children. As the mentally challenged are rewarded, so the intelligent are in a way penalized. An entire society, economy, and the government have come to bear on them, driving them into faithless, work-obsessed, pleasure-obsessed, debt-enslaved, taxed, corporate hedonism that all but forbids the introduction to the world of new, young intelligent people. This domestic evisceration of the cognitive elite is bad enough. However, it is coupled with the second phenomenon, the nearly exclusive importation of lower-IQ foreigners. Paint + thinner = thinner paint. Import the third-world, become the third-world, IQs and all.

For fun, let’s see how this works out in reality. I picked Newton County, Georgia for no reason in particular. Per the 2019 Census estimates, Newton has a population of 111,744. The county’s demographic breakdown is as follows: Black, 47.7%; White, 43.9%; Hispanic, 6.1%; Mixed, 2.2%; Asian, 1.2%; Am. Indian, .5%; Pacific, .1%. These percentages add up to 101.7% … which confirms the government source. I am cognizant of the fact that the 2020 estimates, in advance of the full count, are available as per national percentage increases for Blacks and Hispanics. Newton is likely on the leading curve of those advances. However, I will, for now, ignore those changes and make a slight correction so as to accumulate a realistic 100% total population. Let’s call it 48% Black, 43% White, 7% Hispanic, and 2% Asian/Other. 

Now, we play the weighted average IQ game. I’m going to lump Blacks and Hispanics together (55%) at 87 IQ. Because I am not sure of exactly what kind of Asians are prevalent around Covington, I will lump them in with the Whites (45%). The trick is what IQ value to assign the Whites. I suspect they have drifted south of the old Northern European standardized score of 100, most likely assuming the new American White score of 95. I’ll run a simple average with both. I’ll also add in a third, “worst-case” scenario in keeping with the total domestic intelligence decline.

(.55)(87) + (.45)(100) = 92.85 [ouch]

(.55)(87) + (.45)(95) = 90.6 [oh, boy]

(.55)(87) + (.45)(93) = 89.7 [damn]

Ninety is the score no first-world nation wants to dip below as that is the cutoff below which there is no guarantee of continued societal stability. The average of the averages is 91.05. That’s terrible. All of these numbers are terrible. And, in this specific case, as with much of the rest of the country, they are falling steadily. 

Where do the children of Newton fall into this matrix? Let’s walk through the placements, shall we? We’ll specifically look at school-aged children, 5-18. The 2019 estimates alott 19.4% of the total population to that bracket or 21,678 individuals. I consulted the 2019 Georgia Department of Education [SIC] stats to confirm those figures and to assess the attendant identitarian breakdown. The Great Hoax has wreaked havoc on 2020-2021 enrollments in GDOE-tracked public schools as might be expected. Back in 2019, however, the enrollment was a fairly similar match: 19,579 students, or 90% of all children 5-18 years of age (the national average)(the remainder being privately schooled, homeschooled, or otherwise unaccounted for). 

Pursuant to my previous lumping-normalizing rules, I find the student body is 71% “Black” (13,885) and 29% “White” (5,694). These, by the way, are your future total Census demographics, if lumped and normalized. Taking the middle “95, White” average, we have: (.71)(87) + (.29)(95) = 89.32. It may not be the brightest future.

I’ve looked at more Newton government school performance records than I ever cared to. By and large, they are utter failures, falling somewhere above Detroit and below rural Mexico. Pick one and look at the scores and the trends – low and falling. And, as with most public schools, they fall along the lines of progressively decreasing performance as described by Hoxby. 

Newton is part of the vast southeastern intelligence desert. Their collective experience is demonstrative of the larger pattern and picture. More money, even radically more, will not solve this problem (see Detroit). Voting will not solve this problem (see the past 100 years). The problem is not political in nature. Tossing Dr. Seuss, Geo. Washington, and 2+2=4 out the door in favor of more social justice and equity will accomplish nothing. The issue is beyond cultural. It involves an identity changed, a demographic shift.

The new post-American USSA, to the extent and for the time it endures, will not be the end of the world. It will be, is already different. Relatively speaking, it’s parched – like a desert.

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Perrin Lovett

From Green Altar Books, an imprint of Shotwell Publishing

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