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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: economics

Betting on Groceries

04 Saturday Mar 2023

Posted by perrinlovett in News and Notes

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economics, food

Food is like gambling, right? No one really needs it, so who cares how much it costs? Just don’t eat, for crying out loud! Literally the wisdom of this CBNC report on the collapse of the USSA. Only 60% of ‘Muricans live paycheck to paycheck. No. Big. Deal. And, they do try to cobble some decent if jaded and dated advice at the end. Like not buying food to save money! Anything is better than de-financializing the wrecked economy before it completely melts down.

Also! use some of your credit card debt to buy Treasury bonds!

Geesh…

The Lower Return on Higher Education

27 Monday Feb 2023

Posted by perrinlovett in News and Notes

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college, economics, education, Vox Day

It really isn’t 1970 anymore. Vox notices and explains the disincentives of attending college in 2023.

Revisit Your Assumptions

College attendance and university degrees have long been defended on the basis of higher earnings prospects. But what was a great deal in the 1950s and 1960s, and still made some degree of sense in the 1970s, 1980s, and 1990s. But for the average college student in the United States, a university degree can no longer be justified on economic grounds.

And it hasn’t really been about actual education in about 150 years.

Rent Seekers in the City Too Busy to Hate

17 Friday Feb 2023

Posted by perrinlovett in News and Notes

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Atlanta, debt, economics, homes

The AJC has an unusually good assessment of the state of residential usurpation in the ATL. “Investment firms extract wealth…” Yes, they do little else. It isn’t mentioned outright, but this is a perfect example of the effects of mass financialization and usury. The elites are now doing the same thing to food and everything else.

A $50 Trillion Theft

05 Sunday Feb 2023

Posted by perrinlovett in Legal/Political Columns

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economics, usury

That’s Time’s assessment using (rigged) CPI numbers. It still paints a horrific picture. It’s not completely correct, but it leans in the right direction. Take a look at the RAND charts – where “counterfactual” means what could have been. Note that this is, without naming it, the process by which usury drives real value from the host nation to the wicked foreign elite. I’m sure Nimrata Haley and John Bolton will talk about this ahead of 2024’s non-election.

COLUMN: How About Murder? Why Them Young Kids Won’t Work! And More

18 Wednesday Jan 2023

Posted by perrinlovett in Other Columns

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Christianity, debt, economics

How About Murder? Why Them Young Kids Won’t Work! And More

 

Hello, frens and feds. We’re going to have a little lesson about economics and civilization. I owe the immediate inspirational credit (or blame) to two recent happenings. Somewhere around here, a brilliant young woman wrote: “The comfortable, easy First World the Boomers lived in is dying with them.” And last week, I found myself out amongst the people, where I overheard part of a conversation between two Boomers.

They were talking about labor, and one asked, in a haughty Boomerific tone, why the Millennials, the younger “kids,” won’t work (you know, like his g-g-generation did back in the good old days when they were getting high and rolling in the mud at Woodstock). The other one started saying something about “handouts.”

Walking away, leaving the callous to their heathenry, I thought of a tripartite answer. First, the “kids” were not raised properly. As for the Millennials, the fault lies with their wicked, stupid parents, the Boomers. And we’re only talking about half of Gen Y because the Boomers preemptively murdered the other half, along with a sizeable portion of my generation, with their abortion genocide. As to the disemployment issue among the survivors, the second reason is that the Millennials were not raised in a functioning Christian culture. Few people alive today in the West have even the vaguest idea of what we’re missing. And third, virtually no employers in the US pay anywhere near an appropriate wage. While all three reasons are related, we will primarily concentrate herein on the third.

In the abstract, Lord Boomer was correct that many people, of all ages, are less enthusiastic about working these days. The Wall Street Journal recently reported that the seeming phenomenon of those who do work working less is real. This has A LOT to do with poor remuneration. Better pay is driving 96%!!! of US employees to look for new jobs this year, says CNBC. This trend carries across the Atlantic, where, as one might guess, the globalist witch Christine Legarde warns that wages must be suppressed in order to suppress inflation (which is at best misplaced illogic). All of this – ALL OF THIS – is deeply dysgenic and dyscivilizational. The Daily Mail reports the obvious, that Americans are simply no longer having children and building families. There is the fact that so many younger Americans were coerced into taking a depopulation sterilant poison, but there’s also the fact that they can no longer afford to have children. 

“Socialism” is to blame, friends. That is if retards like the woman who wrote an article in a third-tier ‘Murican daily I won’t link to are to be believed. They are not, as this particular idiot echoed the other Boomer’s stupid assertion that the “kids” were content to live large off of imperial handouts. There’s been much babbling about that nonsense these past few years. If you’d like, then just run the math on it. From any direction. It does not add up. Increasingly, nothing adds up in our play-pretend world. 

The dim woman linked to a base article from Moneywise (which isn’t): “Here’s the average salary each generation says they need to feel ‘financially healthy.’ Gen Z requires a whopping $171K/year — but how do your own expectations compare?” Boomers, Gen Z is the younger, newer generation that you’re mistakenly calling “Millennials.” I’ll tell you my macro salary expectations in a moment.

The Money Unwise bit starts with a ridiculous lie: “As the global COVID-19 pandemic rages on…“ Three years later, they’re still spinning the hoax. It doesn’t get any better as it goes through a little nothing before advising readers to “deal with your debt first.” That’s the main gist of the article – an advertisement for usury (thank you, Shylock). And what debts might the Zoomers carry at present? Student loans! Fake debts for fake education in a fake, gay country. It’s all part of the fable told to generations of Americans about schools (fake), colleges (fake), good jobs (fake), good money (fake), and retirement (sigh). The Atlantic, a publication that floated an early trial balloon for cannibalism, is baffled that many “kids” are skipping college; see an article rehashed here. In fairness, that one is by a professor who appears legitimately concerned about younger generations and higher education. And without correctly addressing the problem, it does at least mention the debts as somewhat problematic. Boy, aren’t they? Debt, of all kinds, constitutes one of the 3 “D”s that destroyed America, the other two being democracy and demographics. 

The damage caused by debt was intentional, and it is massive. America’s being a financialized or credit-based economy, debts have replaced money, at least as money is properly defined. There are books about this transformation, but not that many will read them. In 2014, the Bank of England produced this charming summary of how the scheme works. It is a trans-Atlantic issue:

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.

    • Robert H. Hemphill, Atlanta Federal Reserve, 2014.

Just know that, by the traditional definition, there is statistically zero money in the US economy. Explaining this is a chore, because it’s so simple it appears impossibly difficult, and because the system is in such bad shape that the available metrics are fuzzy at best. According to the yankee treasury, there is something like 800 million (with an “m”) US Dollars. Period. These are off-limits to the public. They are, for all intents and purposes, the only real money in the economy. Most of the M-series monetary base(s), as lazily estimated by the Fed, somewhere between 20 and 40 trillion dollars (with a “t”), consists of a precariously rigged carrying of uncle sucker’s public, on-books debts. It also plausibly includes the < $2 trillion available in coinage and paper cash. This is our fiat currency, though it leans towards being fake fiat, or, like the remaining portions, and in other terminology, “credit money substitute” “money.” And, so, where is the rest? And, what?

Derivatives. That is a catch-all term for a combined process and amalgamation that no one really understands. If you’ve read The Creature From Jekyll Island – and you should have – then know that it amounts to the “Mandrake Mechanism” on steroids, running at warp speed, down the rabbit hole. This is where the vast majority of what passes for money, in reality, it is little more than fake debts or bets on or against payment of fake debts, falls. We have no way to accurately measure it, though the best guesses lie between $800 trillion and $2 quadrillion (that is a “q”). It’s all fake. It’s based on debt contracts. It’s backed by nothing. And it is satanically evil. 

In a debt-based economy like ours, the bulk of the money for all purposes comes from loans. The money for the loans is literally created by the loans themselves *poof*. The lenders get to conjure this nonexistent crap out of a dark magic crystal, instantly and with no effort, cost, or risk of loss. The borrower gets to slave away, giving up some portion of his life in order to repay that which does not exist, along with the interest that does not exist. That is what people have stupidly accepted for a century, and it is why the First World of the Boomers is fading in the rear view mirror. The ratio of real money to fantasy money is roughly 1:1,000,000! .000001. Statistically, zero. This has had the effect of drastically raising the price of just about everything … except wages.

$300,000. Three hundred thousand dollars. That is my expectation for what the approximate average single-earner income should be right now. That would be, in a word, “fair.” It represents the appropriately adjusted average wage for all occupations across all regions of the US. On an hourly basis, assuming 2,000 working hours per year, that’s $150 per hour. Boomer, nobody pays wages like that. Zoomers, you’re only halfway to where you should be; keep hoping, but know the odds are not in your favor. The minimum wage should be around $31-37.50 per hour. Nobody pays that either, Boomer.

Way back in 1952, when the Boomers were young, and their parents resembled Ward and June, the average household income was around $6,850 per year ($3.425 per hour). The money generally came from one job, usually worked by the husband. He didn’t have to repay student loans, compete with H1Bs, or bear the brunt of world-policing reserve currency lunacy. His wife was free to raise a family. They all lived a nice life in a house that, on average, cost $9,075. The man’s income was 75% of the cost of the house. This was optimal, ideal even.

The minimum wage back then was somewhere between $.75 and $1 per hour. We’ll call it 25% of the ordinary hourly wage. This yielded a minimum annual salary of about $1,700. That was then. Today, the median individual income is roughly $37,500 per year or $18.75/hr. The median US household income is about $78,000, which generally assumes two adults are working, which is problematic in that it leaves no one at home to raise and educate (or even have) children. The minimum wage, stuck forever, nationally averages just $7.25/hr, or $14,500 per year. However, the average house, as of last summer (2022), costs about $400,000. Boomers will oftentimes boast that the astronomical rise in housing prices was due to their wise investing skills or some other unicorn magic. But those with decent math skills can immediately see a problem. Know that the extrapolation works about as well if one uses college tuition or other large ticket purchase items, or if one assumes a continuation of the Dollar’s link to gold and/or silver. In a just and equitable country, with the inflation of the past 70 years, 75% of $400,000 is $300,000. And 25% of 300K is $75,000, or $37.50 per hour. As-is, the average US household earns just a hair over what a single man should be earning with a minimum-wage job. As your calculator suggests, we have fallen behind. We’ve been steadily sliding since around the 1965-1973 timeframe (for reasons). Around 1970, the average salary was still about 40% of the cost of the average house. Today, do the math, it’s about 10%. And we will continue to slide unless or until something is done. Or until something gives – which it will, and damned soon. All of this was, again, intentional.

The wonderful Ms. Jessamine Lee was right about the golden age the Boomers enjoyed, looted, wrecked, and still won’t shut up about. Because the US survived the Second World War with the largest intact industrial base, because it was a homogenous society, and because the Dollar supplanted the Pound, those born between 1946 and 1964 entered into the height of prosperity. Peak America was likely around 1965, though the afterglow lasted for decades. If Boomers want everyone else to make $1.75 an hour as they did, and be happy about making it work, then maybe everyone else wants the demographics, stability, and prices of yesterday. 

I read somewhere that 10% of Americans were but one misstep away, and one-third were only a few steps away from homeless poverty. A large and growing number of people – real human beings, and Americans to boot – are faced with essentially living sad lives of meager slavery or simply dying of despair whether they work hard, 40, 50, or 70 hours a week, or not. Given such a horrible situation, who could blame them for taking the easier path? Part of the vaunted dignity of work comes from the livelihood work enables. Take away the ability to live, and the promise of dignity becomes hollow. While some exceptional individuals see these problems and actively try to forge solutions, it appears that the average Baby Boomer is content to spend his children’s inheritance and deny them the same entry to or existence in prosperity he was afforded – all while telling his children how worthless they are for following his pathetic advice and falling under the doom he helped create for them. For a pictorial of this sad phenomenon, please see this “Hypergamouse” episode by Lacey Fairchild, Arktoons (2022). 

It’s not a cartoon. Charts and studies a-plenty plainly show that Boomers acquired more wealth faster than any subsequent generation and that they are holding it in a historically anomalous bottleneck. Trying to explain this leads to the intent behind the collapse. Boomers were the last of the ordinary American beneficiaries of the changing socioeconomic system. Their reward was tangential. The bulk of all gains, per an ancient formula, went to an evil, foreign elite. Call them what one will, and one will probably be correct. But this isn’t socialism. It’s not communism. There’s nothing liberal or conservative or libertarian about it. Kindly purge those dated, failed concepts from your repertoire. What has happened is the convergence of financialization, Pharisaical religious disregard for humanity, and globalization. In other words, it is satanism. It always has been.

Debt, financialization, and reliance on credit substitute money are inherently unstable and almost always induce misery and collapse in any society foolish enough to tolerate them. In the words of Vox Day, March 24, 2020: “Financialization does not help the economy by making it more efficient. To the contrary, it makes the economy far more fragile while destroying the underlying society for the benefit of a few foreign invaders.” Regarding American monetary folly, he wrote, on April 15, 2020: “This is why either a debt jubilee or mass defaults and the total collapse of the US economy is absolutely inevitable.” Financialization, on the scale seen in the US since 1913, completely fulfills Gresham’s Law, with bad money routing good money, and leaving in its place a fake economy running downhill on fake credit. This has the insidious effect, as Vox hinted, of transferring ownership of most stores of real value to a useless parasite class; the people are left indebted, enslaved, and immiserated. See also: And Forgive Them Their Debts, Michael Hudson (2018); Debt: the First 5,000 Years, David Graeber (2011). 

Today’s is largely a Christian call to action based on the teachings of Jesus Christ and the Mosaic Law, particularly as to the word “jubilee”. Yet, the problems of debt have been known throughout history and to virtually all sufficiently advanced societies. Hudson’s book, Graeber’s, and others are replete with non-Christian and non-Hebraic examples of the manifestation of the plague of debt, and the just solution. Here follows a summary of my pre-existing analysis from August 31, 2022, with a few minor additions.

In or around 44 BC, Old Tully related an alleged conversation between the mighty Cato and a presumably ambitious young Patrician. The younger man was attempting to goad Cato into ratifying the man’s pre-selected occupation. The conversation is presented as an example of competing expediencies or comparative outward advantages. It did not go exactly as the young man had hoped.

To this class of comparisons belongs that famous saying of old Cato’s: when he was asked what was the most profitable feature of an estate, he replied: “Raising cattle successfully.” What next to that? “Raising cattle with fair success.” And next? “Raising cattle with but slight success.” And fourth? “Raising crops.” And when his questioner said, “How about money-lending?” Cato replied: “How about murder?”

-M.T. Cicero, De Officiis, II, § 89 (W. Miller) (Loeb, 1913).

Keep that response in mind: why did Cato equate money-lending with murder? 

What would Jesus Christ say about all of this? He said forgive it. “And forgive us our debts, as we have forgiven those who are in debt to us.” Matthew 6:12. And, per the Codex Sinaiticus (350 AD), in Greek, it was “debts” not trespasses. Some Christians and churches have transmuted that part of the Lord’s Prayer into “sins” rather than “debts.” That is somewhat understandable, though incomplete. Elsewhere in the Gospels, it’s: “…and forgive us our sins, for we ourselves forgive each one who is in debt to us. …” Luke 11:3-4. Sin and debt go together, and both are forgiven upon righteous and humble request.

Jesus drove home the importance of forgiveness of debt, along with the punishment for refusing to forgive a debt, in the Parable of the Wicked Servant: 

Then the master sent for the man and said to him, “You wicked servant, I canceled all that debt of yours when you appealed to me. Were you not bound, then, to have pity on your fellow-servant just as I had pity on you?” And in his anger the master handed him over to the torturers till he should pay all his debt.

-Matthew 18:32-34.

Our Lord also inquired as to the nature of “the coin”:

‘Show Me the money you pay the tax with.’ They handed Him a denarius, and He said, ‘Whose portrait is this? Whose title?’ They replied, ‘Caesar’s.’ Then He said to them, ‘Very well, pay Caesar what belongs to Caesar – and God what belongs to God.’ When they heard this they were amazed; they left Him alone and went away.

-Matthew 22:19-22 (KJV)

We’re not so lucky; if only they would leave us alone. Of course, not long after that meeting and following a lecture on their paternity, these wayward leaders delivered the Son up for imperial judgment. There is, in this short passage, a lesson and a warning. Contrary to popular belief (or lack thereof), this dialogue is in no way an endorsement of taxation. Rather, Jesus exposed the Pharisees as blasphemous hypocrites. The coin in question was not a standard Imperial Roman model, it was a newly devised silver piece, especially for use by Tiberius and the elites of his day, and which bore allegiant inscriptions to both Athena and Augustus, the “living god.” To bring such money into the Temple – for any purpose – was a direct affront to Our Heavenly Father. Thus, Christ instructed that it stay with its proper debased and debasing owners. 

This was but one of the examples innumerable of ancient money substitutions – coin shaving, coin substitution, and numismatic treachery – throughout history. And again, it was no coincidence that this particular example happened concurrently with Roman expansion into the Levant, Gaul, Britannia, and other foreign spheres. It is unusual in that the replacement metal was of greater value than the ordinary bronze Denarius, a distinction erased as the years slipped by. Our own experience these past 100+ years has been a steady devaluation, from valuable metal-based currency to metal-linked paper, to paper, attractive yet worthless, and now, to ones and zeros in computers.

Luke 4:16-30 tells of Christ’s first Temple appearance as an adult in Nazareth. When given the chance, His first pronouncement was to announce a Jubilee in fulfillment of the Law. Also from His time in the Temple, we recall the only time the Prince of Peace ever resorted to violence, when He literally beat the fire out of the wicked money-lenders occupying His father’s House. John 2:13—. And as we are reminded that Christ came to fulfill rather than replace The Law, so His New Testament generally mirrors the Old. Forgiveness of debts stems from the Levitical (or Mosaic) Law and the Code of Legal Holiness. 

Leviticus, Chapter 25, concerns the Sabbatical Year and the Jubilee Year. Sabbatical years, which concern far more than debts, come every seventh year. Seven cycles of seven years, or forty-nine years, lead to the fiftieth year of Jubilee. The Sabbatical and the Jubilee may be thought of as minor and major resets. In years seven, fourteen, twenty-one, twenty-eight, thirty-five, forty-two, and forty-eight, as to debts, there is a “relaxation” or “remission.” 

At the end of every seven years, you must grant remission. The nature of the remission is as follows: any creditor holding a personal pledge obtained from his fellow must release him from it; he must not exploit his fellow or his brother once the latter has appealed to Yahweh for remission. A foreigner you may exploit, but you must remit whatever claim you have on your brother. There must, then, be no poor among you. For Yahweh will grant you his blessing in the country which Yahweh your God is giving you to possess as your heritage, only if you pay careful attention to the voice of Yahweh your God, by keeping and practicing all these commandments which I am enjoining on you today.

-Deuteronomy 15:1-5.

Note that the Lord, here, prescribed the debt-creditor remissions of His People of the day, the Israelites. The point of inclusivity is that among the Hebrews there was to be economic equality of a degree and that the blessings of God only extended to the degree His Laws were honored.

The Jubilee Year dealt with, in addition to the elimination of domestic debts, a complete ancestral and cultural reversion. See, Leviticus 25:8, et seq. Much of this law was exclusive to the Israelites and held, even as to them, some exceptions which might not apply to modern peoples, Christians, Karaites, or others (land within or without certain walled cities, for example). 

Leviticus also contains a strict prohibition against usury (one of several in the Pentateuch and the Old Testament) against fellow Israelites. “Do not charge [your brother or countryman] interest on a loan, but fear your God, and let your brother live with you.” Leviticus 25:36. For those who fail to fear and honor their God, Chapter 26 explains the rather exacting Punishments of Disobedience. These are the same punishments the Hebrews (and “Jews”) eventually succumbed to upon their rejection of Christ. The Talmudic inversion about the “dust of usury” and other such stupidities might as well be sentencing statements.

Christ came to fulfill, and in a way, simplify the laws which very few had been able to faithfully follow through the many long years. Interestingly, the forgiveness of debts survived to become a central tenet of the Lord’s Prayer. It is also interesting, though not exactly necessary to point out, that at all times, Jesus, His Father, Moses, Aaron, and everyone else were concerned with debts based on real money, whether commodities, silver Shekels, Roman silver, gold, etc. Usury was prohibited, even in conjunction with actual money with legitimate value in and of itself, as a sin. 

St. Thomas Aquinas examines the nature of the sin of usury, in Question 78 of the Summa Theologiae. After listing, and before defeating, seven objections to the concept of usury as a sin, Aquinas explains:

On the contrary, It is written (Exodus 22:25): “If thou lend money to any of thy people that is poor, that dwelleth with thee, thou shalt not be hard upon them as an extortioner, nor oppress them with usuries.”

I answer that, To take usury for money lent is unjust in itself, because this is to sell what does not exist, and this evidently leads to inequality which is contrary to justice. In order to make this evident, we must observe that there are certain things the use of which consists in their consumption: thus we consume wine when we use it for drink and we consume wheat when we use it for food. Wherefore in such like things the use of the thing must not be reckoned apart from the thing itself, and whoever is granted the use of the thing, is granted the thing itself and for this reason, to lend things of this kind is to transfer the ownership. Accordingly if a man wanted to sell wine separately from the use of the wine, he would be selling the same thing twice, or he would be selling what does not exist, wherefore he would evidently commit a sin of injustice. In like manner he commits an injustice who lends wine or wheat, and asks for double payment, viz. one, the return of the thing in equal measure, the other, the price of the use, which is called usury.

…

Now money, according to the Philosopher (Ethic. v, 5; Polit. i, 3) was invented chiefly for the purpose of exchange: and consequently the proper and principal use of money is its consumption or alienation whereby it is sunk in exchange. Hence it is by its very nature unlawful to take payment for the use of money lent, which payment is known as usury: and just as a man is bound to restore other ill-gotten goods, so is he bound to restore the money which he has taken in usury.

– Aquinas, Summa Theologiae, § 78, Sin of Usury (“the Philosopher” is Aristotle).

Again, in Aquinas’s thirteenth century, money, debt, and usury were calculated based on legitimate money, rather than digital nothing on a wire. How much worse is our present situation, when all the money, not just the elusive interest, does not exist? Also, usury means interest, period, and not “excessive” interest as modern usurers tell.

Under no circumstances does the interest for a loan otherwise separately exist. Repayment, with interest, works like this: a loan (real or fake) is made; the debtor must work to obtain money (real or fake) to repay it, and; the debtor must work extra hard to conjure the interest money (real or fake), in essence robbing Peter to pay Paul. This process of robbery and overwork, for something that does not exist and which cost the lender nothing to loan, requires the debtor to literally give up a portion of his life in repayment. 

Without the benefit of Hebrew law, Jesus Christ, the Catholic Church, or Christian philosophy, Cato was onto something when he quipped about murder. It’s something that Christians have considered.

The fifth commandment forbids doing anything with the intention of indirectly bringing about a person’s death. The moral law prohibits exposing someone to mortal danger without grave reason, as well as refusing assistance to a person in danger.

The acceptance by human society of murderous famines, without efforts to remedy them, is a scandalous injustice and a grave offense. Those whose usurious and avaricious dealings lead to the hunger and death of their brethren in the human family indirectly commit homicide, which is imputable to them. …

–Catechism of the Catholic Church, Para. 2269 (2nd Ed., 1994).

Usury is not just theft and robbery. It is also a form of full or partial murder. 

We are overdue for both a Sabbatical Year and a Jubilee. Given the advanced state of decay and the current terminal climate of practical politics, economics, education, and public understanding in the US, there is no hope that the existing system can or will be reformed. Therefore, I propose replacing it whilst we build a new society and nation(s). Literally, every necessary legal mechanism exists to carry out such a process, with relative ease and speed, right now. Of course, nothing is working right now, and I am loath to use the very system that created the hell storm to resolve the same. There is also the fact we are dealing with pure evil. 

Ergo, I once again propose a Special Military Operation to de-globalize and de-satanize the USA, or the CSA, and/or some remnant portion thereof. Given the ability, I would aim to free the good people currently occupying the area of the former United States while also rearranging them geographically for a better future. Monetarily and economically, I would attempt to forge a new system that could easily integrate, to some degree, into the new Sovereign World SPFS-CIPS system. A martial approach would allow a pace and power to institute the changes without troublesome resort to uncertain democracy. It would also allow for the easy summary execution, preferably by torture or burning at the stake, of the vampires who have led us to the brink of utter disaster. There would, under my plan, be a somewhat substantial body count, though it would pale in comparison to the one which we are already rushing towards.

In the future, perhaps in a book format, I may explore such a genuine “great reset.” Honestly, it is already too late to save much of the existing fabric. But I have high hopes that we or someone else will have enough scraps left over to sew something new, wondrous, and righteous. For even ut pecunia, Deo vindice.

UPDATE: More noticing.

UPDATE: Read a fertility study, Boomer.

Michael Hudson On Matters

17 Saturday Dec 2022

Posted by perrinlovett in News and Notes

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economics, Michael Hudson, Ukraine

This is a great interview!

Among many intelligent observations, including the new “iron curtain,” he briefly discussed the plight of Ukraine and Russia.

Ukraine hardly can be rebuilt. First of all, much of its population has left, and is unlikely to return, given the destruction of housing and infrastructure – and husbands.

Second, Ukraine is owned mainly by a narrow group of kleptocrats – who are trying to sell out to Western agricultural investors and other vultures. (I think you know who they are.)

Ukraine is already debt-ridden, and has become a fiefdom of the IMF (meaning in practice, of NATO). Europe will be asked to “contribute,” and the foreign reserves seized from Russia may be spent on hiring U.S. companies to make a financial killing rebuilding a pretense of an economy in Ukraine – leaving the country even more debt ridden.

A new Democratic Party secretary of state will echo Madeline Albright and say that the killing of Ukraine’s economy, children and soldiers “was all worth it” as the cost of spreading democracy U.S.-style.

If Russia actually subjugates all of Ukraine, then there may be a grand opportunity for a new industrialized solution. Russia could tell the Werewestern banksters to go to hell, cancel the fake debts, reclaim all the stolen resources, and rebuild with an eye towards operational society. Such would serve the interests of all concerned people, and not the evil overlords of the dead West, it would serve as a great example of renewed modern civilization, and it would cause the evil-doers unending grief. Many wins. So, even as those held captive in the remains of the West suffer, they should still be grateful that elsewhere, people are rising. Read the whole thing.

 

Star(low)buck$

18 Friday Nov 2022

Posted by perrinlovett in News and Notes

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economics, labor, money, Starbucks

Think what one will about Starbucks. Maybe they are crazed left coast communists, but they brew pretty good coffee. Think what one will about the people who work at Starbucks, but they are people and, from what I have seen, they do work. (If you’re not into thinking at all, then go somewhere else, please).

As-is, right now employees in 25 semi-unionized states are on strike for a variety of reasons. One of them, probably the most important is better pay. I took the following screen-grab from Indeed:

What’s there to complain about, right? Baristas on average earn 3 cents less than the vaunted $15(!) minimum wage. Look at the supervisors and managers. What’s the problem? Well, the problem is that none of these sampled salaries, not even the $132,546 for a systems analyst, are even half of what the average salary would be, today, if salaries had kept pace with financialized inflation the past 70 years. $15 per hour is only 40% of the $37.50 that minimum wage should be. That’s the problem, so far as the working people are concerned.

The analyst could buy the average new house so long as he toted a hefty mortgage payment. On $14.97, it’s out of the question. (Non-thinkers, now and here isn’t appropriate. Shut up and go away). $15 only buys 4 gallons of gas, and it would take nearly a year and a half at that rate to buy the average new car. At $15 per hour, one can afford a good apartment and basic utilities, and not much else. One could alternatively eat and dress well, perhaps even with a new car payment, but one couldn’t live indoors in most markets. This is a problem. Forget family life. In fact, forget the family. This is a huge problem.

Part of the problem that prevents the obvious solution is that there isn’t enough fake money floating around to give people the necessary raises so they can live. It’s not entirely Starbucks’s problem; they really cannot afford to help in any meaningful way. The money is not there. And, ginning up that money, as is done for governments and corporations and other criminal entities, would only jack the prices of the things life requires even higher. It’s a losing game. It’s a lost game. A huge problem.

How? Why? When? This is the result of decades of usury eating away at the very value of money, the very definition of money itself. Fake, nonexistent bad money has driven out – past tense – good money. All real wealth has been effectively transferred into the hands of wicked, worthless thieves and murderers. The people, think what one will of them – knowing one is one of them, are left with nothing. This is a satanic problem.

If ropes grew on trees, we’d have a ready solution.

Rent Too Damn High

17 Monday Oct 2022

Posted by perrinlovett in News and Notes

≈ Comments Off on Rent Too Damn High

Tags

AI, apartments, economics, rent, wages, YieldStar

Is there any part of post-modern life that cannot be improved by computers?! Meet the new AI landlord.

On a summer day last year, a group of real estate tech executives gathered at a conference hall in Nashville to boast about one of their company’s signature products: software that uses a mysterious algorithm to help landlords push the highest possible rents on tenants.

“Never before have we seen these numbers,” said Jay Parsons, a vice president of RealPage, as conventiongoers wandered by. Apartment rents had recently shot up by as much as 14.5%, he said in a video touting the company’s services. Turning to his colleague, Parsons asked: What role had the software played?

I’m sure there’s absolutely no danger of price collusion or anything. And, at a time when Americans are simply swimming in cash, why not?

As the price of everything soars due to the terminal effects of an economy based on usury and black magic, it would be nice if there was a similar program aimed at increasing wages. Gold-Silver-1952 Housing-PayStar! Maybe just PayStar. Right now, the minimum anyone should be paid anywhere in the US is about $75,000, or $37.50 per hour. The average should be closer to $300K. But something tells me that someone would find collusion in doing that.

COLUMN: Mortem Universitatis Magistrorum et Scolarium

05 Wednesday Oct 2022

Posted by perrinlovett in Other Columns

≈ Comments Off on COLUMN: Mortem Universitatis Magistrorum et Scolarium

Tags

college, decline, economics, education, Gal Gadot, Goodles

Mortem Universitatis Magistrorum et Scolarium

 

Greetings, intrepid reader. Here, we have another slightly discombobulated essay on a few things. It’s really not too shabby, come to think about it. I reworked it a few times; the happy, good news is at the end. It’s very good. The first little bit is not, though it is and has been expected. And deserved.

Economic Ragnarok is here.

This was going to be the primary focus, today, but I just don’t have the heart this week. Therefore, just know that the portion of the now bifurcated global economy in and related to the fallen West is collapsing. The crash is here (great read). That’s why 60%(!) of ‘Muricans are working, yet broke. Even the UN is panicking and pleading with the banksters to stop the slaughter. Know that expecting the usurers and their idiot political allies to fix the mess they made is like expecting the drunk driver to resurrect the pedestrian he’s just run over and killed – except the drunk probably didn’t kill out of malice. The big money strategists are now recommending … prayer. I’ve been recommending the same for some time; I’ve also been pointing out the inescapable nature of what’s in progress now. For instance, over three years ago I noted the frantic efforts to save the banks (again). Part of the Covid warfare involved a cover-up and worsening of the pre-existing financial crisis. 

As I stated, I just don’t have the energy for that, today; the horse has tired of its beatings. Interestingly enough, my blog post before that last linked column, from September 2019, was about the “end of education.” I decided to run with that theme again, here and now. Today’s work is closely related to my post this past Saturday, Schools Cause Ignorance. If you’re keeping track, that one was education article number 391. This is, of course, number 392.

Say goodbye to the American university.

Universities are or were, among a few other things, places where competent professionals received training and education. Professionals like doctors. Imagine going to a doctor in the near future. Imagine that the doctor had failed basic biological chemistry. Imagine that, because it’s right around the dystopian corner.

Carlos Slim’s Old Gray Blog (NYT) reports that a horde of potential physicians at NYU just flunked organic chemistry. That’s the kind of chemistry that deals with living organisms and is thus a basis for modern medicine. It might be kind of important that your doctor understand, at a decent level, how an organic or inorganic compound might or might not affect your body. Important if you want to stay alive, that is.

Professor Maitland Jones is a living legend in the world of academia. He taught bio-chemistry at Princeton for years before retiring. He was a rather popular teacher. He literally wrote the textbook on the subject. One might suspect he knows what he’s teaching. NYU suspected as much and hired him out of retirement in 2007. Things initially went well. The NYT article notes that around ten years ago Jones noticed a change for the worse in his students. Simply put, they began to perform at something below the higher level expected in college. And, around the time of the fake pandemic, he observed an outright collapse in student intellect and skill. 

He took what evasive measures he could. There really isn’t a way to properly “dumb down” chemistry without destroying it, and Jones’s old-fashioned methods had served him (and his previous classes) very well. Whatever he did, it wasn’t enough – because it wasn’t his fault, a problem perhaps beyond one man’s ability to solve. The student complaints against his methodology and their own poor results essentially amounted to, “it’s tooooo hard, me no like! Unfair!” 

Despite his attempts to soften a harder science for the new generation, something gave at the end of Jones’s final term at NYU. A slew of his students failed the course. Some of them, on some assignments, earned solid “zero” grades. How that’s possible is anyone’s guess. But do remember many of these kids want to be doctors. 

NYU did the courageous thing and instituted emergency remedial training for the current students while also galvanizing admissions standards for future students. Oops, no – they just erased all the F grades and fired Jones. 

Don’t feel bad for Jones. He’s in his eighties. He retired once and now is happy retiring again. He did his part. Feel bad for society. NYU’s actions – and rest assured they are not limited to one course at the one school – are part and large parcel of the academic fraud I’ve written about nearly 400 times now. In today’s twist, this fraud may meet you in an ER examining room one dark night, probably asking you to breathe deeply while holding a stethoscope to your forehead or the table.

This year, undergraduate tuition at NYU is about $55,000 per year. Yes, that is up about 10,000%(!!!) from 1952, but of course, we know salaries have risen accordingly… If you become a doctor after graduating NYU, then your salary might really and truly keep pace with the inflation (otherwise, TFB). If you go the med school route, at NYU’s Grossman, or Harvard, or somewhere, you’ll need the money as you will likely graduate owing a million fake, nonexistent dollars to Shylock. You’ll need to repay that, whether you understand cellular absorption of oxygen or not. Fraud upon fraud upon decline.

What changed in the student body? Well, many things. For starters, the student body changed. As recently as 1993, students at NYU were 80% White Americans. When Jones started in 2007 the percentage had fallen to just below 50%. His ten year observation of declining performance oddly corresponded with a further, rapid drop or change in the demographics. The “off the cliff” as he put it, over the past two years, might have something to do with Heritage Americans descending to roughly one-fifth of the studentry. This may or may not explain things.

Whoever these kids are, they’re allegedly the kind of “smart” high schoolers who get the “good” grades so as to attend “good” schools like NYU in pursuit of the “good” jobs. Ask a Boomer about how all that works. 

One would assume the kids in Jones’s former classes had excelled at AP, honors, or joint-enrollment STEM classes in high school. One might also assume that, especially with these “smart” kids, their learning was cumulative. Then again, as I noted last Saturday, assumptions are bullshit and the schools, K-12 through college, are anti-cumulative and force negative learning.

These young people, regardless of exactly who or what else they might be, are members of the iPhone generation, with the shortened attention spans and so forth. It’s not just gizmos at work; some many things, processes, and phenomena have rendered vast numbers of several US (and Western) generations literally unable to think. It’s not that they’re not educated. It’s not that no one taught them to think logically. They, many of them, cannot think. Period. This is real, and it is one of the many hard realities of the post-modern age; people today are generally mentally, emotionally, spiritually, and physically less capable and more damaged than previous generations. This is, to put it mildly, not good.

America’s decades-long experiment in dysgenics is yielding its sad, rotten fruit. I think this is a part of what Brandon was bragging about the other day, about diffusing the hell out of the population. For the benefits. Benefits like a budding MD who can barely read or add or think in a language.

This is, among other things, more evidence of the ten-point drop in average IQ over the past seventy years. Chant: USA! USA! USA! Just don’t ask a Zoomer education victim to explain what those letters stand for.

Yesterday might have been the time to locate and retain a young, competent doctor. In almost all areas, we have now entered the “it’s over” phase. Hopefully, it won’t last that long; but while it does endure, it will be rough.

Now, finally, some very good news! Way back in May, if one can remember that far, I announced that I had finally purchased a box of Goodles. Over the weekend, I got around to eating them. They were the perfect accompaniment for grilled venison backstrap.

It’s all true, listen to GG:

View this post on Instagram

A post shared by Gal Gadot (@gal_gadot)

I’m not a food critic. And I come from the South, where charmingly obese women can home cook Mac n’ Cheese like nobody’s business. If you know, then you know – cardiac event, greasy, cheesy good. My bowl of Mover & Shaker was not that. However, I can safely declare and attest that it is by far the best boxed Mac I have ever had. 100% A+ Outstanding! The cheese factor was around 10 (by ordinary standards – a little lower in the be-larded old CSA), and the taste was uniquely wonderful, mildly spicy and rich. Then there’s the heightened nutritional values – and it does not come off, in the least, like “health” food.

Congratulations and thanks to Gal Gadot and the Goodles team. Buy some today. I highly recommend it, especially at the low and reasonable price. For reasons – see the above links – low and reasonable prices are now a most important consideration.

Impending Economic Collapse

03 Monday Oct 2022

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on Impending Economic Collapse

Tags

banks, collapse, Credit Suisse, debt, Deutsche Bank, economics

In progress now! Again. On exactly the same pathetic terms as in 2008. Nothing has changed, except by getting worse. Here we go again. Too big to fail, still?

Vox’s breakdown:

The Fed refused to take the bitter medicine that was necessary back in 2008. They bought a lot more time than I would have imagined by kicking the can down the road, and the Covid lockdowns and “emergency spending measures” appear to have given them an additional two years. But now it’s October, historically a month when the debt chickens come home to roost, and two of the world’s biggest banks, Credit Suisse and Deutsche Bank, have managed to get themselves in seriously deep trouble again, because no one ever stops doing what they’re doing when you prevent them from suffering the consequences of their actions.

While both giant banks are too big to be permitted to fail without significant ramifications through their host countries and the demi-global financial system – which now requires the prefix since the BRICSIA nations have their own system – and both are national flagships, the recent destruction of the energy pipelines suggests the hitherto unthinkable possibility that the Fed might not only be willing to let the banks fail, but perhaps even order the Swiss and German governments to refrain from bailing them out in the interest of furthering the Great Reset.

And both current governments are sufficiently corrupt, and sufficiently ignorant of economics, that they might well accept destructive direction from Washington DC on the subject. The fact that the only member of the Swiss Federal Council who has any grasp of economic matters just resigned last week might even be a sign that an unprecedented action – or rather, lack of action – may be in the offing.

This suggests that the next big economics battle will be the nationalization of banks and money vs centralized demi-global banking and a single digital currency for the former West.

Note that the same retarded heathens who moaned and whined about student loan forgiveness will have next to nothing to say if or when the WereWestern governments bail out these evil institutions. Again. The banks should be allowed to fail. hell, they should be forced to fail. And then, to hang from lampposts and trees.

Also note, as Vox does, that the MIR-CIPS sovereign nations are outside this stupid, predicted collapse. They will go on, business and life as normal. But hey, we got us freedom fries, right? That and the rule of literal satanists who really and truly hate us.

Next month, y’all better vote really, really hard.

UPDATE, 10/12/22: More madness:

This is normal. Nothing to see here. Carry on.

Central Bank Liquidity Swap Operations
These swap facilities are designed to improve liquidity conditions in global money markets and to minimize the risk that strains abroad could spread to U.S. markets, by providing foreign central banks with the capacity to deliver U.S. dollar funding to institutions in their jurisdictions. The New York Fed undertakes certain small value transactions from time to time for the purpose of testing operational readiness. The results of the central bank liquidity swap operations and small value exercises of the central bank liquidity swap lines are published on a weekly basis when conducted.

Transfer to Swiss National Bank 10/05/2022 10/06/2022 10/13/2022 7 3.33 3,100,000,000

Now, why would the Federal Reserve be loaning $3.1 billion to the Swiss National Bank? Oh, yeah, I suppose that just might be why.

Credit Suisse Group AG may be facing a capital shortfall of up to 8 billion Swiss francs ($8 billion) in 2024, according to an analysis by Goldman Sachs Group Inc, underscoring the difficulties the troubled lender will face is it approaches what will likely be an extensive restructuring. Given the lender will need to restructure its investment banking operations during a period of “minimal” capital generation, it will face a shortfall of at least 4 billion francs, according to a team of analysts

Again, where are all the squeaking, immoral retards who babbled about “taxpayers shouldn’t be on the hook for those lazy college kids!” Not that any of this fake, nonexistent garbage “money” will ever be repaid by anyone, but come on. A bailout is a bailout; in this case, as in all the others since 2008, the proceeds go to the most evil and irresponsible thieves, liars, and murderers on the planet. Like Vox noted, nothing to see here.

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Perrin Lovett

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