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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: money

You’re Too Big To Fail

16 Monday Mar 2020

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on You’re Too Big To Fail

Tags

America, Economic collapse, economics, Federal Reserve, insanity, money, terminal decline

Hey! You’re about to get paid a little – just a tiny bit – of that bankster graft!

What’s happening: A growing chorus of liberal and conservative economists are lining up behind a proposal published in the Wall Street Journal by Harvard professor Jason Furman, who chaired the Council of Economic Advisers (CEA) under President Obama, that calls for direct government payments to households.

What it means: Furman proposes Congress pass a “one-time payment of $1,000 to every adult who is a U.S. citizen or a taxpaying U.S. resident, and $500 to every child who meets the same criteria.”

He adds that the law “should also specify that the payments would continue in 2021 and beyond if the unemployment rate rises to 5.5% and remains there or higher. Hopefully this will not happen, but if it does, the money will be needed.”

What it REALLY means: America is DONE.

When Money is Tight

12 Wednesday Feb 2020

Posted by perrinlovett in News and Notes

≈ Comments Off on When Money is Tight

Tags

cash, economics, good times, money, recession

It’s their fault, the millions of Amerikans who chose to be something other than central or commercial banksters. Now, 1/3rd of them complain about the choices they made.

About 31% of respondents earning over $100,000 also regularly experience a budget shortfall before payday.

Kids, go to banking school. It’s as simple as that. Those at the head of the through get more of the slop. The rest, $100Kers included, get priced out for their hard work. The article mentions educational expenses, so let’s compare those to a $100k income. The web says that the average in-state college tuition today is about $10,200. A generation ago, it was one-quarter of that price. Now, $100K today is about the same as $56,000 back then. A doubling versus a quadrupling. Again, it’s not that hard – be a bankster. That, or continue to buy used food and toilet paper. The Republicrats will be all over this issue by October.

The Face of Evil Tipped Really Well

21 Sunday Jul 2019

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ 2 Comments

Tags

crime, Epstein, evil, money

Thus, nobody did a damned thing about the obvious crimes.

Another employee at the airstrip, who requested anonymity because he is not allowed to speak about travelers in his official capacity, says Epstein would land at St. Thomas twice a month on average. “There’d be girls that look like they could be in high school,” the employee recalls. “They looked very young. They were always wearing college sweatshirts. It seemed like camouflage, that’s the best way to put it.” Epstein would be dressed in a tracksuit, but the girls carried shopping bags from designer labels: Gucci, Dior.

The employee adds that he and his co-workers would joke around about what they were seeing. “Every time he landed or took off, it was always brought up. We’d always be joking, ‘How many kids are on board this time?’” But the employee also says he felt “pure disgust,” calling it “absolutely insane” that a convicted sex offender was able to move around so openly in the era of MeToo.

“I could see him with my own eyes,” the employee says. “I compared it to seeing a serial killer in broad daylight. I called it the face of evil.”

Epstein apparently made no attempt to hide his travels with young girls. The airstrip in St. Thomas sits in plain sight of a central highway, and a nearby parking lot at the University of the Virgin Islands provides a complete view of the tarmac and almost every aircraft on the ground. When he’s “home” on Little St. James, Epstein’s plane is always parked right in front of the control tower.

“The fact that young girls were getting out of his helicopter and getting into his plane, it was like he was flaunting it,” the employee says. “But it was said that he always tipped really well, so everyone overlooked it.”

I’m thinking a control tower would have offered a nice, clear shot…

HHS Burn$ It Up

10 Wednesday Jul 2019

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on HHS Burn$ It Up

Tags

budget, Federal government, HHS, mind blown, money

The ONE Single Federal Department is spending $100 Billion PER MONTH.

In the first eight months of this fiscal year, which began in October, HHS spent $834,346,000,000, according to the Monthly Treasury Statement for May. That is up from $731,724,000,000 in the first eight months of last fiscal year.

Through all of fiscal 2018, HHS spent approximately $1,120,500,000,000 — or $93,375,000,000 per month.

Through this full fiscal year, according to the estimate published in the Monthly Treasury Statement, HHS will spend approximately $1,230,273,000,000 — or $102,522,750,000 per month.

In May alone, according to the Monthly Treasury Statement, HHS spent $146,552,000,000.

This one great reason why the FedGov rockets towards fiscal insolvency – not that they’re not technically there now, nor that any of this really matters anymore. But once upon a time, it did. For perspective, consider that HHS, which didn’t exist until 1979 and had no predecessor agency before 1939, now spends more every month than the entire government spent during the whole year of 1961. Yearly total federal spending wouldn’t reach monthly HHS levels until 1990. And, that was but a fourth as much as they spend in total now; soon to be but a fifth.*

The slope was slippery, the descent rapid.

*For reference: the craziest spreadsheet in the world. Yes, math fans, the sum of all federal outlays for the first 60 years of the Nation’s history, are a mere 1% (or about 8 HOURS worth) of HHS’s current monthly spending.

Priced Out

05 Friday Apr 2019

Posted by perrinlovett in News and Notes

≈ Comments Off on Priced Out

Tags

averages, debt, economics, economy, money, prices, real estate

Numbers don’t lie.  Politicians and economists do.

There (before the last housing bubble) was this rule of thumb: hypothetical folks could afford (via debt instruments) a house costing approximately three times their annual income. Applying that rule in 2019 works like this: $63,000 per year income X 3 = $189,000 home price (with zero down and no costs, etc.). The $63,000 is the average American household income. Therefore, through the magic of usurious multiplication, the average American family should be able to purchase a $189K home.

It doesn’t work out quite that way sometimes. Other debts and expenses eat away at the equation. But, by the old rule, and with a little money down (or some extra financial tricks), Ma and Pa ‘Murica should hypothetically be able to buy the average All-American home for around $200,000. Except, they can’t do that.

Even if all the tricks are in play, it all falls apart because the average US house now sells for $300,000.

The median asking price for a U.S. home hit $300,000 for the first time ever in March, according to housing data from Realtor.com to be released later Thursday and provided early to USA TODAY. That topped the previous peak of $299,000 reached in June and July of last year.

Is there a new 5X rule? It would fit with the new average waistline anyway. But, no. People are just being priced out of the average. That’s now, during the boom to end all booms. If and when prices fall, look for incomes to do the same.

We definitely need more foreign wage competitors in the USE. More financialization too. More politicians and economists.

Stop Supporting the Enemy

10 Sunday Mar 2019

Posted by perrinlovett in Other Columns

≈ 1 Comment

Tags

culture, decline, money, Vox Day

Every other week, at least, I get asked if I’ve seen [______] show or if I’m going to [______] movie. No and no!

Vox Day gets it (as always):

In the meantime, a crew man, GafferAnon, explains what you can do to shut down the Pedo Palace:

Make the money dry up.
Stop going to the movie theaters.
Stop using the products they pimp.
Stop paying to be entertained.

Just stop. Stop buying tickets and then complaining about how they inserted SJW poison into your favorite franchise. Stop making snarky comments and posting negative reviews about movies you paid to see. Stop supporting those who hate you, hate your politics, hate your faith, and hate your nation. Stop funding your own destruction!

I have not been to a movie since The Return of the King came out in 2003. I will never see another Hollywood movie in the theater. Anyhow, be sure to read both linked posts in their entireties, as there is a copious amount of information in them.

Get out of the sewer and stop supporting people who hate you, your family, your nation, and your God. Stop it!

This week’s TPC article, if published…, will focus on the foreign influence perhaps as never before. Therein, I make passing mention of the cultural rot. The Devil stalks you like a lion. Either shoot him or run away; don’t feed him.

The Gig is Up

25 Tuesday Sep 2018

Posted by perrinlovett in News and Notes

≈ Comments Off on The Gig is Up

Tags

economy, gigs, money, work

Small, independent entrepreneurs are finding it harder to make a buck in a booming, changing economy.

The “gig” economy might not be the new frontier for America’s workforce after all.

From Uber to TaskRabbit to YourMechanic, so-called gig work — task-oriented work offered by online apps — has been promoted as providing the flexibility and independence that traditional jobs don’t offer. Yet the evidence is growing that over time, these jobs don’t deliver the financial returns many workers expect.

And they don’t appear to be reshaping the workforce. Over the past two years, pay for gig workers has dropped, and they are earning a growing share of their income elsewhere, a new study finds. Most Americans who earn income through online platforms do so for only a few months each year, according to the study by the JPMorgan Chase Institute released Monday.

So many reasons why. Many you know. This may help explain why we have about as many self-employed people in America as we have prisoners and convicts. The one they want, the other they don’t.

Meh.

U.S. Education: Up, Down, and … Ouch?

12 Wednesday Sep 2018

Posted by perrinlovett in Other Columns

≈ Comments Off on U.S. Education: Up, Down, and … Ouch?

Tags

academia, college, economics, education, higher education, jobs, money, schools, violence

There a seldom-discussed phenomenon which, given enough time, will invariably affect any large institution. There evolve two classes of people therein. The first carry out the core functions of the outfit. The second consists of support and administrative functionaries, often important but not critical. Eventually, the second class almost always comes to control operations within the institution; their compensation usually outpaces the core function class.

In an example related to American education, we once again have the yearly college salary numbers from CUPA. Interesting, telling numbers.

The Tenure-tracked professors:

They’re doing better with the Trump economy.

Screenshot 2018-09-12 at 12.12.49 PM

But the Executive-level Admins are doing much better.

Screenshot 2018-09-12 at 12.15.04 PM

Some of these jobs are arguably important to a large school. But, who does the educating??? And all of the professorial numbers ignore the trend of the adjuncts, poorly (POORLY) paid and overworked – teaching 50% of all classes.

Young people, please consider all of this along with the rising, always rising costs associated with the process. And consider the following trend:

With the improving economy and the diminishing quality of the degrees, more and more companies and whole industries are abandoning the quest for credentials.

No diploma? No problem.

More and more companies are scrapping college degree requirements for jobs. They’re not saying you shouldn’t seek higher education, but not having a degree won’t be a barrier for you to work in certain jobs at their companies.

Some of the 15 big companies saying “no bachelor’s degree is fine” include Google, Nordstrom, Bank of America, Ernst & Young, IBM and Apple.

The changes are coming as job seekers, as well as high school graduates, consider whether college is worth the skyrocketing cost.

Something to think about, degree or not.

Also, and semi-related, a few lower schools are bringing back the paddle.

An area school recently sent home consent forms informing them of a new corporal policy at an area school. The superintendent says they’ve received a little over a hundred forms back, a third of them giving consent to paddle their child.

“In this school, we take discipline very seriously,” said Jody Boulineau, Superintendent of GSIC.

GSIC is going old school with a new policy for this year.

“There was a time where corporal punishment was kind of the norm in school and you didn’t have the problems that you have,” the Superintendent said.

You heard that right. Georgia School for Innovation and the Classics, a K through 9 charter school, is bringing back paddling students as a form of discipline.

Younger young people, think about that.

If students engage in anything even resembling “violence,” even in self-defense, they may rest assured that they will be disciplined, up to and including possible arrest. But, what’s forbidden to the child goose is a-okay for the sinecure gander. And, this particular school, new and innovative as it might be, is in a district with an utterly dismal academic success record. So, the kids can expect to literally take a beating in exchange for a fraudulent, substandard education, for that unnecessary credential.

During another age and in another century, your young author was a frequent target of the “board” of education. As such I can kind of sympathize with the administrators (always the ones in charge) who seek to use it again. However, if I recall correctly, all those whacks did little (nothing) to deter boys from being boys. In other words, it usually doesn’t work. And much else has changed in the past 100+ years. Then, schools expected order just as students expected instruction. Both usually got what they needed. Today, it’s a different, worn and sad story.

All things to think about, if that’s still acceptable.

An Excellent Expose on the Banking Cartel in America

03 Monday Sep 2018

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on An Excellent Expose on the Banking Cartel in America

Tags

America, banksters, debt, money, theft

By Thorsten Polleit at LRC:

…

So, unfortunately, this article ends with a bitter insight: Sound economic reasoning will come to the conclusion that the fiat money scheme – represented and upheld by the banking cartel – contributes, and necessarily so, to income and wealth inequality within society.4 It is one source of widening the gap between the rich and the poor. By all standards, fiat money must be considered socially unjust. The same applies to the collusion between central banks and private banks.

So what is to be done? The solution is straightforward: Establish a free market in money, shut down central banks, dismantle the banking cartel. As Murray Rothbard says: “[A]bolish the Federal Reserve System, and return to the gold standard, to a monetary system where a market-produced metal, such as gold, serves as the standard money, and not paper tickets printed by the Federal Reserve.”5 Perhaps the debate about growing inequality helps to rehabilitate our money system — something economic insights have failed to achieve so far.

There also remains what to do with all the debts – public and private – all based on the fiat. The solution there is simple and legal (and as unlikely to occur as the other suggestions): cancel it and then make future usurious machination illegal. Then there’s punishing certain parties for their crimes against humanity and the invisible hand. A problem is that the “debate” about inequality is really no more than socialists screeching for more of the same while real, affected victims stare at screens.

polleit1_0_1

To infinity and beyond!

This Thing Called Inflation

12 Sunday Aug 2018

Posted by perrinlovett in News and Notes

≈ 1 Comment

Tags

economics, Federal Reserve, inflation, money

When you make more but have less to spend because of the increasing cost of living.

The cost of living in the U.S. is rising at its fastest rate in 10 years, according to new data from the Labor Department.

The data, released Friday, revealed that consumer prices increased 2.9 percent in July from the year before, meaning Americans may be earning less than they did at this time last year.

The consumer price index, meanwhile, rose 0.2 percent last month, which analysts largely attributed to rising housing costs, CNBC reported. Annual inflation remained unchanged from June’s pace at 2.9 percent.

If only there was some private consortium of bankers we could pin this phenomenon on, excluding food and gas, of course – no one needs those…

The U.S. central bank has raised rates twice this year, in March and June, and financial markets overwhelmingly expect a hike at the next policy meeting in September.

The Fed currently forecasts a total of four rate rises in 2018, with investors expecting a final nudge upwards of the year in the benchmark overnight lending rate in December.

Ah, well, they know best.

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Perrin Lovett

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