Tag Archives: economy

LIVE! From the DC Comedy Club!

05 Tuesday Oct 2021

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Especially during a decline and fall, one really has to enjoy the humor. This is not a joke:

Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and time is running out. In case of emergency, a trillion-dollar coin could be deployed to bridge any gap between the money running out and the debt ceiling being raised.

How it works: The U.S. Mint, which Diehl ran from 1994 to 2000, already produces a one-ounce Platinum Eagle and has no shortage of platinum blanks already in stock.

Producing a trillion-dollar Eagle would require only the denomination to be changed. “This could be quickly executed on the existing plaster mold of the Platinum Eagle,” says Diehl. Then an automated process would transfer the new design to a plastic resin mold.

Even if Janet Yellen, the Treasury secretary, has no intention of minting such a coin, there is no reason for her not to quietly instruct the Mint director to take those steps a day or two in advance.

Okay, it is a joke. It’s all a big, stupid joke. How stupid? If minted, this single one-ounce coin would debase increase the real, legal money supply by about 1,429 times. It would still only account for roughly (estimated) .0014% of the fake money supply. That’s not an imbalance. That’s a punchline … to a funeral joke.

Testing the Waters

05 Thursday Aug 2021

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Just mulling some platform planks for something.

  • Under my debt elimination and economic stabilization plan, only living, breathing, non-institutional persons shall own residential real property (meaning, only human beings shall own houses, condos, etc. [through trusts or LLCs under certain circumstances]). I’ll have similar rules to ferret the corps and creeps out of ag land too.
  • When debts are voided, specifically concerning residential property, full ownership shall remain with the occupant so long as the occupant is a person. Under no circumstances shall any residence be owned by anything publically traded or ending in “, Inc.”
  • ALL debts will be voided. All non-Gold/Silver/other hard substance-backed currency shall be voided, eliminated, and criminalized.
  • Do not worry about the banks, funds, REITs, and other vampires losing their wealth. That will be the least of their losses.
  • Dealing in any fiat as currency shall be a capital felony.
  • Dealing in any form of usury shall be a capital felony. Thank you, friends of Nuremberg, for the retroactive thing.

Additional refinements later.

Not Necessarily A Bad Thing

01 Sunday Aug 2021

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Take this “boo-hoo” story from the WSJ and change a few things.

Democrats argue for taxing wealth like work and are seeking to equalize the top rates on capital income and labor. But the line between rich investors and middle-class earners isn’t always so clear. Some, like Mr. Settle, fall into both categories.

“Wealth like work…” Change Mr. Settle and Bezos to “the Federal Reserve” and suddenly there’s a way to eliminate all debts, eliminate the Fed, and restore real money to the USSA. That, of course, will never happen – until after the USSA completely collapses. So, in just a decade or so, it will be very easy to get rid of the money-changers. Happy August.

WUT!!! Duh Fed Sees Infwation?!?!

12 Wednesday May 2021

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Mighty big of them to at least admit what they’re causing.

The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008.

Economists surveyed by Dow Jones had been looking for an increase of 3.6%.

One big reason for the acceleration was base effects – at this time a year ago, the economy was hit with the worst of the Covid pandemic and inflation was unusually low.

Federal Reserve officials see the current rise as temporary and not likely to influence policy.

Only temporary! Over soon! Pandemic!

Maybe the Israelis and Palestinians – all Amerikan and more Amerikan than you(!) – could take the party down to 100 Liberty Street. The Fed’s numbers are always cooked. So 4% inflation could easily mean 6-8%. But … I’m sure they have some brilliant plan. And where’s Sleepy Joe on all this? They could wake him with the great news that gas prices have stopped rising. You know, prices don’t matter when there’s zero supply!

Ah. Third-world Amerika…

The Fed Theory of Full Hoax Employment

07 Friday May 2021

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This new revelation of fakery is riddled with admissions that the Fed-driven markets and system are fully delinked from reality.

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers.

Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.

Many economists had been expecting an even higher jobs number amid signs that the U.S. economy was roaring back to life.

There was more bad news: March’s originally estimated total of 916,000 was revised down to 770,000, though February saw an upward revision to 536,000 from 468,000.

The wheels on the hoax go round and round…

Perfectly Safe

25 Thursday Feb 2021

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Your digital dollars will be in good hands, trust me. The banksters can’t even secure their own fiat funds line.

The US Federal Reserve announced Wednesday it is investigating a disruption to services including Fedwire, which facilitates trillions of dollars in wire transfers between institutions every day.

According to updates from the Federal Reserve, the massive disruption to services was caused by an “operational error”.

“We acknowledge that payment deadlines are impacted and will communicate remediation efforts to our customers when available. Thank you for your patience while we work to resolve the issue,” the institution said in an update on the situation.

As of 2.30pm Eastern Time Wednesday, almost all services – including Fedwire and FedACH, which allow numerous banks to transfer and receive billions in funds – were down, but several have since been restored.

You know if they’re announcing this little tidbit, then the real situation is much worse. A flip of a switch and “your” “money” will be gone – forever.

MAXIMUM SACRIFICE!

19 Friday Feb 2021

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Jay Powell, the economic diarrhea of the mouth that just keeps on running, calls for nebulous sacrifice.

Last week, Federal Reserve Chairman Jerome Powell called for a “society-wide” commitment to reaching full employment. As Peter Schiff put it, Powell basically handed the US government a blank check in order to achieve this “maximum employment goal.”

We’re told we shouldn’t even worry about the massive deficit spending and additional debt this will incur. It’s all hands on deck and everybody needs to sacrifice. But what exactly does the Fed mean by “maximum employment?” What are we to sacrifice for?

…

Of course, anytime someone refers to the wartime era as an economic model, we must also consider that higher taxes, tariffs, subsidies, grants, loan programs and even make-work programs will soon follow.

…

Taxes, loans, etc. How about halting all immigration, kicking out the invaders, bringing real jobs back, canceling debts, going back to real money, and ending the trade deficits? Oops, sorry…

We’ve heard this before, recently. In late November, prompted by similar idiocy, I asked what the government was willing to sacrifice. We know now: the people and the nation. But I have a great idea! I, for one, am more than willing to forever give up the central bank and the federal government! How’s that for starters, Jay?

Cult of Free: The House Always Wins

05 Friday Feb 2021

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Here’s another reason to shun sites, programs, and services that do not charge a retail fee for usage. Ann Barnhardt explains how the aptly-named Robinhood makes money – by selling individual trader information to the mega-funds so those funds can front-run the little people. Listen to the whole program for tip after tip about the hoax and sham of the economic casino. One question she asks is if the “nerds” of Gamestop infamy and all others from buying but not selling, in order to force the nerds to sell, then who, given the general buying ban, was on the other side of the forced orders? We all know even without knowing.

Office Space, Not the Movie

01 Monday Feb 2021

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NYC is vacant.

With workers stuck at home, the office availability rate rose to 14.9% in January, the highest in data going back to 2000, according to a report by Colliers International.

Leasing fell by nearly 47% from the same period last year. That came even as asking rents dipped for the seventh straight month to $73.65 a square foot on average, the lowest in almost three years.

I read somewhere else that something like 80% of NYC office workers still works at home remotely while waiting on the new normal to revert or something. How much longer can this on before the companies admit they’re not reopening? Or, if they go back, slowly, how does that affect the overall RE economy? Is this all dependent on “stimulus” from the government that created the hoax in the first place?

So many questions and no answers. On the other, half-full hand, I suppose I could cheaply move the blog to New York, say to half of the WTC. No.