12 Wednesday Feb 2020
Posted in Legal/Political Columns, News and Notes
≈ Comments Off on Shifting the Blame
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Fed Man tells Congress it’s their massive spending, not his, that’s the problem.
“A more sustainable federal budget could also support the economy’s growth over the long term.”
Much like NOT gifted tens of trillion$ to the banksters might help in the longer term. Pot, kettle.
11 Tuesday Feb 2020
Posted in Legal/Political Columns, News and Notes
≈ Comments Off on Maxed Out Credit Cards
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During the best economy ever. What will happen when the bottom falls out? That, we already know.
To that point, more than 1 in 3 Americans — or 91 million people— said they’re afraid they’ll max out their credit card when making a large purchase, according to a new WalletHub credit cards survey. (Most of those polled considered a large purchase as anything over $100.)
“A healthy amount of fear is justified,” said Odysseas Papadimitriou, CEO of WalletHub. “Issues stemming from large purchases more often concern people making too many of them, for the wrong reasons.”
More than one-third, or 37%, also said they have already maxed out their credit card and 14% said they have maxed it out more than once. WalletHub polled more than 700 people in January.
Still, most Americans continue to take on ever-increasing amounts of debt. According to data from the Federal Reserve, the U.S. surpassed $1 trillion in credit card debt — the highest level since the Great Recession.
There’s a difference between being wary of something because it’s bad and being fearful of it, fear coming unnaturally and in defiance of man’s Spirit. Thus, it does go hand in hand with the satanic practices of sorcery and usury. Thus, the predation continues during what are allegedly good times. Your righteous Romans 13 government would cancel the debts and ban the evil. If you had one.
06 Thursday Feb 2020
Posted in Legal/Political Columns, News and Notes
≈ Comments Off on “Pope” Demonstrates Economic Ignorance
“Pope Francis” [SIC?] explained the“structure of sin” he sees in the institution of tax havens.
“Every year hundreds of billions of dollars, which should be paid in taxes to fund health care and education, accumulate in tax haven accounts,” the pontiff told participants in a Vatican seminar, “thus impeding the possibility of the dignified and sustained development of all social agents.”
…
“If extreme poverty exists in the midst of wealth (also extreme) it is because we have allowed the gap to widen to become the largest in history,” the pope said. “The world’s 50 richest people have $2.2 trillion worth of assets. These fifty people alone could fund the health care and education of every poor child in the world, whether through taxes, philanthropic initiatives, or both.”
Stealing the assets of those fifty people, for the benefit of the masses would result in 50 people slowly rebuilding their wealth, poor children growing into poor adults, and hundreds of millions of middle-class people out of work and destitute. It’s not in a vault, Scrooge McDuck-style. Why doesn’t the “Pope” – and where is Pope Benedict on this, anyway?? – look into the total transfer of the world economy into the hands of the usurious wizards? Might a jubilee do more good and be more in keeping with Biblical doctrine? No, taxes are his answer. Taxes collected by the taxman, a character Jesus was known to strike blind.
04 Tuesday Feb 2020
Posted in Legal/Political Columns, Other Columns
≈ Comments Off on The Banksters = The New Nazis
Cancel them, or face a new dark age.
This article at once demonstrates the necessity of reading Vox Day and Ron Unz. No-one else continually comes up with the truth like this.
For thousands of years the leading tension of civilization has been over who is going to dominate and plan society’s economy. Will it be democratic governments or wise rulers seeking stability and military security? Or, will it be a financial oligarchy that wants to get rich by impoverishing the rest of society?
He’s correct. The ultimate and mathematically certain outcome of the current financial system is that the owners of the banks own literally all the property and all of the people. This is not a question of right-wing vs left-wing, and it’s very important to remember that banks are not capitalism, corporations are not human beings, and usury is not freedom.
Quite the opposite, as it happens.
As usual, there are commenters at Unz who can be relied upon to produce the retarded “conservative” attack on debt cancellation. Make no mistake, if at this point you still oppose debt cancellation on the grounds of “personal responsibility”, you are economically retarded, by which I mean, you are so stupid, so shortsighted, and so unable to do the very simple math involved that if I had the ability to do so, I would forbid you to read this blog.
If it’s selective then people who made responsible economic decisions will be forced to subsidize the self-indulgent and/or foolish economic decisions of others.
The inexorable math of usury and the way in which credit shifts the demand curve upward dictates that however “responsible” your economic decisions are, sooner or later you will be forced to not only “subsidize the self-indulgent and/or foolish economic decisions of others”, you will be forced to make equally foolish decisions yourself. The fiscal conservative’s belief in “responsible debt” is no different than the Churchian’s belief in Judeochristianity, and it stems from exactly the same evil source.
“[B]anks are not capitalism, corporations are not human beings, and usury is not freedom.” Read the whole interview at Unz. This has been done repeatedly throughout history. It will be done again. It should be done now. And in keeping with the Nazi parallel, maybe Nuremberg the banksters too.
PS: Vox is dead right about the comments at Unz. Some can’t risk winning for their desire of continually defeat.
04 Tuesday Feb 2020
Posted in Legal/Political Columns, News and Notes
≈ Comments Off on Desperate BREXIT Lies
A little too late, don’t you think? The globos dredged up all manner of untruth to try to stifle the will of the British People – stock collapse, no healthcare, no food, blah, blah. Now, they resort to the most unusual, ridiculous, and woefully belated attempt:
The U.K.’s worst productivity slump in a quarter of a millennium may be caused by a “perfect storm” of three factors, according to a study to be published this week.
Productivity was almost 20% below its pre-2008 path in 2018 — the worst slowdown since 1760-1800, as the Industrial Revolution took hold. The present-day malaise may have been caused by the end of the information and communications technology boom, the financial crisis, and Brexit.
BREXIT!!! See the graph – which, by the way, shows a productivity INCREASE over the past ten years, even with some separation from the general employment. Shock. And, it’s ten years. How could BREXIT factor – again, see the graph – into an increasing “decline” that started long before Leave cranked up? It didn’t.
Hint for GB: when you commence the repatriations, make damned sure to ship the wizards out first. That by itself would raise productivity, spirits too.
21 Tuesday Jan 2020
Posted in News and Notes
≈ Comments Off on Not That They Care
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Maybe the good folks gathered in Davos should shun Greta and listen to these people.
Anne Walsh, Guggenheim’s fixed-income chief, said in an interview that 15% of the U.S. economy is already in recession. She said the Federal Reserve’s efforts to pump liquidity into markets has created “zombie companies” that may see an outflow of capital as the utility of that money continues to diminish, she said.
Zombie companies, ponzi schemes, 15% already in, and memories of a recession they tried to delete. Of course, having caused all of this, they know but don’t care.
27 Friday Dec 2019
Posted in Legal/Political Columns, News and Notes
≈ Comments Off on Is This the Annual Repo Number???
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I’ve been morbidly interested in the Fed’s latest act of national homicide for whatever reason. It’s been more than difficult to keep track of exactly how much fake money they’ve pumped out. This could be it:
Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations.
The value of global equities began the year just under $70 trillion but has now surpassed $85 trillion, according to a chart from Deutsche Bank’s Torsten Slok.
The banner year for equities has been helped by easier monetary policy and political developments around the globe.
Central banks around the world have taken a more dovish approach, boosting markets. The Federal Reserve has cut its benchmark interest rate three times this year, and the European Central Bank cut its already negative rates even further.
$17 Trillion in dove shit! Ridiculous, I know. The real number is probably much higher.
26 Thursday Dec 2019
Posted in News and Notes
≈ Comments Off on Tax for Thee, But Not for Me
The Amerikan way. The rich support a wealth tax on the richer.
A majority of millionaires support a wealth tax on those worth $50 million or more, but their support declines for a tax on those worth $10 million, according to a new poll.
Fifty-nine percent of millionaires said they would support a new federal tax on wealth over $50 million, according to the Q4 CNBC Millionaire Survey. Democratic presidential candidate Elizabeth Warren’s tax plan includes a wealth tax of 2% on wealth over $50 million and 6% over $1 billion.
Forty-eight percent opposed a wealth tax on those worth over $10 million.
Attitudes toward the wealth tax are also strongly dependent on political party rather than wealth levels. Fully 88% of Democratic millionaires support a tax on wealth over $50 million, compared with just a third of Republican millionaires.
Do these Robins in the hood not know they can just voluntarily pay additional taxes on a voluntary basis? Whatever. I think I have a solution to this issue which would raise untold sums of revenue and simultaneously pay off ALL debts. More on that next week at TPC.
26 Thursday Dec 2019
Posted in News and Notes
≈ Comments Off on The Fraudulent Basis of Free Trade
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Vox Day does it again.
Conservatives and libertarians have largely based their economic theory and non-ideologies on fallacies. A corn-based economy for corny economics.
20 Friday Dec 2019
Posted in Legal/Political Columns
≈ Comments Off on But It’s So Convenient
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Get your direct deposit today?
With reports of direct deposits failing to clear still ongoing, Bloomberg reported that the Federal Reserve was investigating “the second significant disruption in 2019 of a payments service administered by the U.S. central bank.”
As we first reported earlier (see below) key transactions – most notably funding via direct deposits – were delayed after ACH – which stands for the Fed’s Automated Clearinghouse System – experienced delays, but it is now up and running.
“The FedACH service, which processes transactions for commercial banks, is currently operating normally after experiencing delays in processing yesterday afternoon and early this morning,” Jean Tate, a spokesman for the Atlanta Fed which hosts the central bank’s Retail Payments Office processing ACH transactions, said in an e-mailed statement, despite reports that some banks bank clients still had not received their monty.
“Some customers experienced delays in receiving confirmations of yesterday’s transactions. Federal Reserve technical staff continue to investigate the root cause of the issue.”
Not to worry! The sorcerors are looking into it. “Monty,” the root cause of all evil…
PERRIN LOVETT 