FUN: TOP 10 REASONS TO VOTE DEMOCRAT

Thursday, October 30, 2014

FROM AN EMAIL FROM LUDDITE

TOP 10 REASONS TO VOTE DEMOCRAT

#10. I vote Democrat
because I love the fact that I can now marry whatever I want. I’ve decided to marry my German Shepherd.

#9. I vote Democrat
because I believe oil companies’ profits of 4% on a gallon of gas are obscene, but the government taxing the same gallon at 15% isn’t.

#8. I vote Democrat
because I believe the government will do a better job of spending the money I earn than I would.

#7. I vote Democrat
because Freedom of Speech is fine as long as nobody is offended by it.

#6. I vote Democrat
because I’m way too irresponsible to own a gun, and I know that my local police are all I need to protect me from murderers and thieves. I am also thankful that we have a 911 service that gets police to your home in order to identify your body after a home invasion.

#5. I vote Democrat
because I’m not concerned about millions of babies being aborted so long as we keep all death row inmates alive and comfy.

#4. I vote Democrat
because I think illegal aliens have a right to free health care, education, and Social Security benefits, and we should take away Social Security from those who paid into it.

#3. I vote Democrat because I
believe that businesses should not be allowed to make profits for themselves. They need to break even
and give the rest away to the government for redistribution as the Democrat Party sees fit.

#2. I vote Democrat
because I believe liberal judges need to rewrite the Constitution every few days to suit fringe kooks who would never get their agendas past the voters.

… And, the #1 reason I vote Democrat is
because I think it’s better to pay $billions$ for oil to people who hate us, but not drill our own because it might upset some endangered beetle, gopher, or fish here in America. We don’t care about the beetles, gophers, or fish in those other countries.

 

“The difference between genius and stupidity is that genius has its limits”… Albert Einstein

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I have no info on the accuracy or attribution of the supposed Einstein quote. The other 10 points seem spot on to me.

Not that I have any great love for the R’s who are merely in most cases just Democratic lite.

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Posted by reinkefj

ECONOMICS: The Federal Reserve is Financial Repression

Thursday, October 30, 2014

http://www.peakprosperity.com/blog/88227/how-federal-reserve-purposely-attacking-savers

How The Federal Reserve Is Purposely Attacking Savers
But bungling badly as it does
by Chris Martenson
Monday, October 20, 2014, 12:36 PM

*** begin quote *** 

he answer is that while inflation always steals from savers, it really does its dirty work when the central bank and government conspire to create a condition of pervasive and unavoidable negative real interest rates.

This is the heart of Financial Repression: an environment in which you literally cannot save money without paying a penalty.

The main takeaway of Chapter 18 on Fuzzy Numbers is not that the government fibs a little now and then (okay,all the time) merely because that’s politically expedient, but it does so in service to a larger and more pernicious aim: forcing people to accept an inflation rate that is higher than either their income growth and/or the market’s safe rate of return.

As soon as you are locked into a negative interest rate regime, your capital is losing purchasing power. But simple accounting rules dictate that loss of wealth had to go somewhere. So where did it go? To somebody else.

Negative real interest rates transfer money from every saver to every over-extended borrower. This is especially true with the government (largely because of its special revolving door relationship with the Fed, which both issues the money out of thin air and then buys government debt forcing rates into negative territory).

It’s really that simple. The Fed has openly and actively suppressed rates — not to help the credit markets, as they claim, but to engineer a condition of Financial Repression. Because that’s what the government needs to stealthily take your wealth to pay down the prior debts it accumulated.

*** end quote ***

The War on Savers, the War on Capital, and the War on the Poor, Middle Class, and Elderly all intersect with the Federal Reserve.

Zero Interest Rate DESTROYS these communities.

Think about it from an Eccky-or-Icky-nomics POV.

It’s saying that there is NO preference to delay consumption.

It’s also saying there is NO way to preserve wealth for later use in retirement.

Argh!

* Savers are “rewarded” with inflation that depreciates their purchasing power.

* Capital can’t be formed with paying the inflation penalty.

* Since the poor have to spend most, if not all, of their current income, they face the inflation that erodes their future standard of living.

* Middle Class “wealthy” can’t preserve their financial assets into retirement. Why do the near fraudsters / hucksters, who advertise gold collectibles for IRAs, strike a chord with the future retirees? It’s their only chance to preserve their buying power.

* The Elderly on pensions, social “in”security, or savings are screwed by inflation increasing their costs and their capital earns nothing.

So, why do “We, The Sheeple” put up with it?

Bread and circuses!

Argh!

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Posted by reinkefj