30 Friday Oct 2020
Posted in Legal/Political Columns
≈ Comments Off on The “Price(s)” of Globalism
Vox Day had a post that complimented my JC Penney shirt index from a while back:
Note the extreme decline in income, as all big-ticket prices skyrocket. You pay two to eight times as much on half the salary. This is a deal only if you are a bankster or one of their political pets.
And, the food prices are, as you can probably gather, bargain basement. You will pay more than (and it will be worth it!) $1.05 for,
17 Saturday Oct 2020
Posted in Legal/Political Columns
≈ Comments Off on Megatons of Flesh Usury
This story about average Amerikan debt loads makes a pound sound like a bargain.
While the average American has $90,460 in debt, this includes all types of consumer debt products, from credit cards to personal loans, mortgages and student debt.
Knowing these trends is important. Along with staying informed about financial planning, reading advice about saving for retirement and learning credit card basics — knowing where you stand can help you decide where to go next on your financial journey.
Here’s the average debt balances by age group:
Gen Z (ages 18 to 23): $9,593
Millennials (ages 24 to 39): $78,396
Gen X (ages 40 to 55): $135,841
Baby boomers (ages 56 to 74): $96,984
Silent generation (ages 75 and above): $40,925
Math time! Let’s deduct 60 million souls from the 330 million folks in the US – to dismiss any Greatest, under-18 Zs, and Post-Zs among us.
$90.460 x 270,000,000 = $24,424,200,000,000 outstanding usury. That’s in the “personal debt” ballpark figure ($20 Tr+) estimated by Ye Old Debt Clock. Either way, think of that as the value being sucked out of ownership and productivity, with all of the vampirism based on fraud and lies. Or, terminating these sinful fake loans would result in an immediate boost to the real economy greater than a standard year’s GDP.
J.U.B.I.L.E.E.
13 Tuesday Oct 2020
Posted in Legal/Political Columns
≈ Comments Off on Preparing for the Plunge
Cometh the negative interest rates.
The Bank of England has asked commercial banks whether they are ready for negative interest rates, signaling that the central bank is moving closer to cutting its key interest rate below zero.
Y’all ready??
Yes, boss! Mo money!
Pay no attention to the deposits nonsense. The whole system of sorcery is based on loans; the economy is fake debt, period. Depositors being charged for their accounts, as opposed to being paid for them, and ultra-cheap loans (to the Com Banks) will dig the hole deeper and faster. The only solution is a complete reset, debt cancellation, and a gold standard. Oh, and feel free to substitute the Fed or BOJ for the BOE, same sad situation.
09 Friday Oct 2020
Posted in Legal/Political Columns
≈ Comments Off on Breaking the BS Meter: Not The Time For Those Concerns
Tags
When, if ever, has concern over the federal debt been a priority?
As the United States continues its struggle with the pandemic-induced economic recession and a sputtering recovery, the country’s burgeoning debt is not anyone’s top concern these days.
Bullshit! The CDC can’t even prove this Coronavirus variant exists. And, can Jay Powell explain why, given the inducement thingy, his cabal was pumping $100 Billion a night into the commercial banks, three months before the first hint of the yet-unidentified virus?
Even deficit hawks are urging a dysfunctional Washington and a chaotic White House to approve another round of badly needed stimulus to the tune of trillions.
Like the virus, these “hawks” have yet to be positively identified.
“The US federal budget is on an unsustainable path, has been for some time,” Federal Reserve Chairman Jerome Powell said this week. But, Powell added, “This is not the time to give priority to those concerns.”
At this point, after so many decades of neglect, the man is correct. This debt, and the other kinds, will never be repaid. Instead, they will be nullified and erased, by someone, sometime. It would be better to do that now, but of course, we still have some hoaxes to play with.
04 Sunday Oct 2020
Posted in Legal/Political Columns, News and Notes
≈ Comments Off on When Was The Last Time You Went INSIDE A Bank?
Tags
banks, banksters, debt, depression, Economic collapse, Vox Day
January? Last year? Can’t remember? Neither can I.
I do know that the banks I do business have essentially sealed their buildings to the public. The ATM is now and ITM(!) where equipment permitting, you can speak “directly” with a teller. I’ve heard of branch closings. Others have too. Vox Day issues a warning:
Banks don’t make their money from deposits anymore. And increasingly, they don’t make money from loans anymore. So there simply isn’t any point in maintaining branches for service to non-revenue-producing customers who have no savings and can’t take out any more loans.
It’s interesting that they’re trying to sell the real estate, though. That tends to indicate that they need cash. It won’t be even remotely surprising if the next financial crisis starts later this month; I would be very surprised if it didn’t start before the end of 2021.
Read his whole post, including the email. Then reconcile that with what you know about your town, small or large. Does any of this suggest a remotely healthy economy? And it’s been going on since before the last crisis. Banks and mega-corporations now exist by stealing gold and accepting USG/Fed monetary methadone (thanks, GC!). It’s (way past) time for a reset.
21 Monday Sep 2020
Posted in Legal/Political Columns
≈ Comments Off on “Unsustainable”
It has just come to my attention, and I’ve never even heard about any of this before, that there is something called the “federal debt.” I know, I was as surprised as anyone. And, they, being the Congressional “Budget” Office, say that it is nearing unsustainable levels.
Federal debt is nearing “unsustainable” levels, but low interest rates have created a window of opportunity for policy-makers to rein it in, the Congressional Budget Office said Monday, delivering a mixed outlook for the government’s long-term outlook.
Federal spending, currently 21% of gross domestic product, will rise to 31% by 2050, with most of that increase coming from interest payments on the rising debt, said Phillip J. Swagel, CBO’s director. Federal revenue, meanwhile, stood at just 16% of GDP last year, and will only reach 19% by 2050.
The gap between those spending and revenue numbers illustrates the problem.
Those numbers, and all the others cited in the article, are a load of BS. We’re not nearing unsustainability – we’ve been there. We are nearing the point of terminal collapse, which at this late hour, is all but unavoidable. The funny thing is the forecast way out to 2050; the odds of the US existing then in its current form are about 27,000,000,000,000 to 1, AGAINST. The only good news here is that my prediction of a $40T debt by 2024 is rolling right along towards fruition.
This is part and parcel with the financial sorcery that has eaten the core out of our economy and society. Remember Fantasia? The Congress-Fed alliance is like Apprentice Mickey turning on the debt instead of the water well. Now, there is no way, short of the intervention by a benevolent sorcerer (who does not exist), to shut it off; we’re drowning in debt. We even have Antifa-BLM marching around mindlessly like those broom and bucket automatons.
We’re going to get a Jubilee one way or another, it’s just a matter of how violent the circumstances of the arrival will be. We’ll find out, probably around the time the CBO (now) says the trust funds (that don’t exist) will dry up.
Could we get some dancing hippos?
15 Saturday Aug 2020
Posted in Legal/Political Columns
≈ Comments Off on Weimar Amerika
Because that sounds better than some combination of Amerika and Zimbabwe. The debt is projected to soar beyond belief sooner than most expected.
The coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today. Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression. Even though borrowing excessively may have been the lesser of two evils, the burgeoning debt will have ramifications in the future. With the debt approaching $27 trillion, and projected to rise to $78 trillion by 2028, it will present significant challenges.
The only truth in that word salad is in the numbers. Those are precisely in line with my prediction of a $40T debt by 2024. The 2028 figure is a mere doubling over two presidential terms, which has been the pattern for decades now. The charade is over. They’re just printing until the thing blows up now. But hey, since we “owe it to ourselves,” we’re richer than Midas!
07 Friday Aug 2020
Posted in Legal/Political Columns
≈ Comments Off on 30 Trillion Reason$ to Love the New Normal
Tags
Get off that national debt clock site! Their $26 Trillion dollar figure for total federal debt is wrong. Rep. Ken Buck (R – Buck Stops Here?) says it’s $30 Trillion. Right now. Tomorrow it might be 40 or 666 Trillion. Who knows? But, yes, this does go a long way towards making my “at least $40 Trillion by 2024” prediction a reality.
And Buck is right that not one politicritter in DC even mentions the thing or ever thinks of paying it off one day. It will never be paid. Repudiated? Yes. Paid? No.
And, it’s probably a hair higher than even what he says. Remember, government claims and estimates are always off, sometimes by orders of magnitude. Maybe it would be better to use the debt clock’s $153,000,000,000,000+ unfunded liabilities calculation instead.
Pick any number, because none of them matter anymore.
01 Friday May 2020
Posted in Legal/Political Columns
≈ Comments Off on Back on Track
Tags
There were a few days when I worried that my 2016 projection of a $40 Trillion federal debt by 2024 might fall flat. That won’t happen, thanks to the ultra-liberal Donald Trump. They’re at $25T now and headed for $30T by September. And, why not? We have an invisible hoax to fear. Plus, we owe it to ourselves.
26 Sunday Apr 2020
Posted in Legal/Political Columns
≈ Comments Off on Borrowing to Prosperity
“I think as we begin to reopen the economy in May and June you’re going to see the economy really bounce back in July, August, September,” Mnuchin said on “Fox News Sunday.”
“We are putting an unprecedented amount of fiscal relief into the economy,” he added. “You’re seeing trillions of dollars that’s making its way into the economy, and I think this is going to have a significant impact.”
Wallace, however, noted that the Congressional Budget Office recently predicted the economy will contract by 5.6 percent for the year and that unemployment will peak at 16 percent in the third quarter.
In response, Mnuchin said that “we’ve never seen anything like this,”
Not in Amerika, no.
PERRIN LOVETT 
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