Tuesday, December 29, 2020
Media Will Do A Rip Van Winkle For Next Three Years Except For "What's Your Favorite Color Mr. President"
Sunday, December 27, 2020
"Joe Biden's financial team could create a giant stock bubble" Or "Bitcoiners are attacking the Federal Reserve bank and the global financial system."
Or they might not but one thing is absolutely certain, at some point and of course nobody knows when it will happen there will be a financial crisis. It might be shallow or it might be calamitous but come it will and it will be a "Black Swan" event that nobody saw coming.
If it is a massive, beyond a "correction" crash and most certainly with the trillions of printed money sloshing around that is more than possible then at that point something must be done to deal with the root causes as the possibility of massive unemployment and dislocation would make it necessary beyond question.
Making it very clear from the outset, I am a conservative by nature and by politics and a firm
shown that the systems of total state control end badly, often in the death of millions
What is also obvious is that all economic systems, whether they are wrong or right in concept, get distorted when they move beyond the natural process of return to equilibrium. The distorting factor is of course human nature.
The banking system is rife with fraud and gross manipulation-that is incontestable. To list all the banks that have faced massive fines (but hardly any of the perpetrators going to jail) would make this article far to long-just one example, the "Libor" rigging which was a fraud involving trillions will suffice.
A point may be raised that since there is a government guarantee on bank deposits to a more than reasonable amount, then this ongoing corruption is not a worry for the average person and the system is what it it is. It works reasonably well and there's nothing that can be done about it. That is of course an incorrect assumption;
But beyond the direct affect on the individual there is the question of morality. Is it right to have an economic system where the major underpinning, the banking system, is so rife with fraud and immoral behavior? What message does it send to ordinary workers when the supposed 'brightest and the best" are shown to be immoral, venial and uncaring for anyone but themselves?
Sadly, except for eternal vigilance and a continuous patching of band aids over the festering wound of corruption nothing, can be done as things stand. Only radical approaches can deal with it and nothing can't/won't happen unless some cataclysmic force or event eventuates to open the door to amelioration.
This happened before and the steps taken were a major advance which could only have come about after some dramatic event. In 1933 at the height of the depression, and with a run on the banks, President Roosevelt's administration saw substantial reforms which underpin the current system today.
It is hardly beyond the bounds of possibility that the current American economy, "standing" on trillions of dollars in printed money and a stratospheric national debt might, at any point, undergo another and even more catastrophic collapse.
In the event of a major 1929 type disaster, what might be the economic and moral action as regards the banking system that might benefit the entire nation (except the fraudsters)? At that point what possible reason could there be to resurrect an inherently fraudulent, morally corrupting banking system which is impossible to control?
The alternative could be to scrap the private banking system altogether under such circumstances and re-institute the failed banks and their branches under a truly independent commission which could include representatives of as many aspects of American society e.g. Unions, business people, academics, politicians, clergy and etc.
The element in banking which seems to cause the most mischief, the demand on employees to constantly ramp up the banks profits to ensure large bonuses, would be removed as would be the grossly immoral salaries the senior bankers enjoy.
The creation of money for profit, for that is what banks do, would see the profits returned to the public who make it possible. This through either lower banking fees or payments to the federal government to reduce the national debt or to be used for more schools, infrastructure, and anything that will benefit the greatest number rather than a tiny minority.
The free enterprise system would emerge unscathed from such a change as of course banks don't produce anything in themselves, rather they enhance the flow of funds to those who do create real wealth. Why the banks should make such massive profits and corrupt the values of the country whilst doing their job is a question that needs attending to, but won't be until it is too late as the political will is not there.
There is nothing more certain, as history shows us, that the economic system is cyclical and in due course a major correction will come to the disequilibrium that is currently the situation.
If it is of a dramatic nature it may be a blessing in disguise as it could provide the political will, overriding the deeply entrenched interests of the financial community, to permanently fix this blot on the moral landscape.
Friday, December 25, 2020
Here is a universal lesson from 119 years ago which, although it hasn't sunk in with defenders of the growth of government, is universally valid as an economic truth. The example is from postal history but applies across the board.
It is self explanatory, but briefly, the reduction of price, especially with government charges, results in an increase in revenue through, presuming the "product" is what the market wishes to obtain, increased volumes.
Brevities #10 "30% of women under 25 identify as LGBT"/ "7th year of Illinois population loss" Why Why Why??
While fertility rates are now below replacement-no need to worry about climate change the problem caused by humanity will take care of itself thanks to progressive feminism.
From The American Conservative
Read the full article at TAC at the link above-it's sad and horrifying
WHY WHY WHY???
Editorial: Census: 7th year of Illinois population loss and the worst yet
Thursday, December 24, 2020
Brevities #9 Brevities-Indulgence Or Genius?/England Free At Last/Trump Saved "Merry Christmas"/Fitbit's Watching You
A brief note; Is "Brevities" purely facile and an indulgence, or if an observation of value is not be expressed in its core in a about a paragraph is the writer simply incapable of such core expression or a "padder"?
There are of course opinions from facts, which possible abundance of support and clarification are required to support the writers possible unique extrapolations, but in the world of political analysis that would be a rarity and better dealt with in a journal.
The BBC advised that along with Google/ media/Facebook/Twitter tracking near everything you do, what political sites you visit, basically having your entire life under surveillance to sell to marketers/influence your voting, the next step it to track your moods when viewing media.
This next step will enable marketers to go beyond analysing what you visit, as that does not necessarily show how much you believe in nor are interested in the various sites.
With items such as Fitbit which measures your pulse rate in reaction to outside stimulus the final connection can be made. The marketers, and of course governments, can at that point know more about you than you do about yourself.
It's your choice to assist them or not and if not to keep a measure of your personal freedom.
The above is completely true i.e.
"Fitbit says the clock face will enable users to reflect on their mood, energy levels, daily physical activity, nutrition and sleep patterns to help them over time understand how their mood correlates with overall health habits.
President Trump at least held the line and reinvigorated those who had grown dispirited and resigned to total secularization.
As with every year at this time I wish "Peace on earth to all of Goodwill" which by definition excludes the horrible alleged humans at Wonkette.
However since I am a magnanimous person even to the most undeserving I ask Santa to bring Schoenkopf a lump of coal which has some intrinsic value.
Although her presumable being a "Green New Dealer" she won't use it for combustion and heat to spite me.
But artistic types have been know to carve it so, yes, it is a practical gift out of the kindness of my nature.
The execrable Hurst is beyond even my good nature.
When I gave these two horribles a lump of coal last year I was condemned by Wonkette.
Being hypocrites they have, of course, handed out lumps of coal this year to Trump supporters.
Wednesday, December 23, 2020
Brevities #8 Cotto 'News and Culture Report'/ Your Xmas-End of Year Circular Done For You/ Parler Viciously Attacked