MONEY: End the FED, Freddie, Fannie, and all the GSEs

Thursday, September 9, 2021

https://www.zerohedge.com/personal-finance/fed-helping-facilitate-trailer-park-evictions?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

The Fed Is Helping Facilitate Trailer Park Evictions
BY TYLER DURDEN
WEDNESDAY, SEP 08, 2021 – 09:01 AM
Authored by Michael Maharrey via SchiffGold.com,

*** begin quote ***

The Federal Reserve is helping corporate real estate investors evict poor people from mobile home parks.

NPR highlighted the growing number of mobile home part evictions. According to the report, real estate investors continue to buy up mobile home parks across the US. They then raise lot rents and fees, and evict residents who can’t pay.

As the report explains, the government makes this scheme possible with easy financing through agencies such as Fannie Mae and Freddie Mac. Here’s how it works in a nutshell.

A company raises rates and fees in a park. That makes the park more valuable. So they can now borrow more money against it, kind of like when you refi your house and get cash out of the deal. They pull out, say, $3 million, and they use that to go buy another mobile home park. And then they do that again and again. It’s a cascade of borrowed money. And often, these loans are backed by the US government. They provide very, very low-cost debt for these investors to get enough cash out to go buy additional parks. The loans have super cheap interest rates because they’re guaranteed by Fannie Mae and Freddie Mac, the government-backed entities at the heart of the US mortgage market.”
NPR gets part of the story right. In fact, it’s pretty impressive that they didn’t just pin the blame on “greedy capitalists.”

Nevertheless, the story completely misses the biggest player in this game – the Federal Reserve.

*** and ***

This is yet another way the Fed distorts the economy, drives misallocations of resources, transfers wealth from the poor to the rich, and generally wreaks havoc.

*** end quote ***

OK, the problem was identified by Ron Paul decades ago in his Presidential campaign. 

Does anyone want to address the problem?

“Penny candy” is an example of the inflation of the US$.

Argh!

—30—

Leave a Comment » | MONEY | Permalink
Posted by reinkefj

NEWJERSEY: RU seems to think that COVID-19 is so potent that it can be transmitted over wi-fi.

Wednesday, September 8, 2021

https://www.zerohedge.com/covid-19/rutgers-uni-student-banned-taking-online-virtual-classes-because-hes-unvaccinated?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Rutgers Uni Student Banned From Taking Online Virtual Classes Because He’s Unvaccinated
Tyler Durden’s Photo
BY TYLER DURDEN
TUESDAY, SEP 07, 2021 – 07:30 PM
Authored by Paul Joseph Watson via Summit News,

*** begin quote ***

A student at Rutgers University was banned from taking online virtual classes because he’s unvaccinated, despite the fact that he was willing to stay off campus completely.

*** end quote ***

RU makes the Pepuls Republik of Nu Jerzee look even MORE stupid.  If such is possible!

—30—

Leave a Comment » | NEW JERSEY | Permalink
Posted by reinkefj

LIBERTARIAN: Let’s “fix” healthcare

Tuesday, September 7, 2021

 

*** begin quote ***

Obamacare was the latest government meddling, and it meddled in a big way, but before Obamacare, there were Medicaid and Medicare.

The AMA opposed Medicare when it was proposed because the doctors feared that it was the first step toward socialized medicine.

So, when it finally passed in 1965, the government reimbursed providers generously to gain acceptance.

With a third party footing the bill, doctors and hospitals had no incentive to hold down costs, but eventually, costs had to be reined in.

Private health insurance companies tended to follow the lead of the government with generous coverage and reimbursement, but over time, they were forced to control costs.

Since Medicare and Medicaid, there have been several unsuccessful attempts to control health care costs.

Health Maintenance Organizations (HMOs) and Managed Care Organizations or capitation plans that paid doctors a fixed amount regardless of the amount of care provided were never widely accepted in the marketplace, primarily because patients had no incentive to keep costs low.

Premiums went up every year, but most were insulated from the rising cost because employers were picking up the extra expense.

The Obama administration talked about “bending the cost curve” with the ACA, but the real objective was to provide wider access to insurance.

How can you possibly control the cost of health insurance if you do not deal with the underlying cost of the care?

The common denominator in each of these failures is that choice and individual control were taken away from consumers and turned over to a third party.

In a free market, individuals have options and the freedom to choose based on criteria that are important to them.health careOur current system doesn’t allow for choice because a third-party payer is in the middle, making decisions based almost entirely on cost.

*** end quote ***

At the very least, let’s separate “health insurance” from “employment” by making it tax deductible — putting it on a par with employer health “benefits”.  After all, if you lose or change a job. Then you don’t lose your car insurance!

Argh!

—30—

Leave a Comment » | LIBERTARIAN | Tagged: , | Permalink
Posted by reinkefj

POLITICAL: Where are the rolling heads?

Monday, September 6, 2021

https://amac.us/so-now-that-the-war-is-over-what-about-those-resignations/

GOVERNMENT WATCH / INSTAGRAM / KEEPING AMERICA SAFE / POLITICS
So Now That the War Is Over, What About Those Resignations?
Posted Thursday, September 2, 2021 | By AMAC Newsline | 225 Comments
AMAC Exclusive – by James Johnson

*** begin quote ***

Joe Biden asserted in his speech this week that his disastrous plan for the evacuation had the unanimous support of his Secretary of State, Secretary of Defense, National Security Advisor, and top military officials. If this is true, it begs the question: now that the war is over, why haven’t those people resigned? And if they won’t resign, why haven’t they been fired?

*** end quote ***

Sounds like a lot of “falling on swords” should be happening.

And the falling isn’t voluntary, then there should be some beheadings!

—30—

Leave a Comment » | Political | Tagged: | Permalink
Posted by reinkefj

NEWJERSEY: Maybe Biden should visit the southern border instead

Sunday, September 5, 2021

https://nypost.com/2021/09/04/biden-to-visit-nyc-new-jersey-to-survey-hurricane-ida-damage/

Biden to visit Queens and New Jersey to survey Hurricane Ida damage
By Mary Kay Linge
September 4, 2021 12:45pm  Updated

# – # – # – # – #

Ida’s damage is not comparable to what’s happening along the southern border.

—30—

Leave a Comment » | NEW JERSEY | Permalink
Posted by reinkefj

LIBERTARIAN: Roe is bad law; the Federal Gooferment has no role in healthcare since it is NOT an enumerated power

Saturday, September 4, 2021

https://www.lewrockwell.com/2021/09/no_author/did-roe-just-get-effectively-overturned/

Did Roe Just Get Effectively Overturned? – LewRockwell
By Silvio Canto, Jr.
American Thinker

September 3, 2021

*** begin quote ***

A few months ago, Governor Greg Abbott signed the “heartbeat law,” and everyone on the left was screaming about going to the courts to fight for “reproductive rights.” Frankly, I thought we’d be in the courts by now rather than watching the new law go into effect.

So what happened? Well, the law was written in such a way that it makes it difficult to challenge in the courts.

*** end quote ***

What should be a very private decision between a woman and her support “staff” is suddenly the Federal Gooferment’s business.

We should have a national debate on when does life begin and when do human rights inure to a person.

There’s a school of thought that says “rights” begins when you can assert them. Another say when you can fight for them. Others say at conception, when a human becomes viable outside the womb, or at birth.

I’m a fat old white guy injineer; not a doctor or an ethicist.  And I’ve never stayed at a Holiday Inn Express.  But I’ll go out on a limb and say, in the absence of some consensus otherwise, the Gooferment, at all levels, should focus on more pressing problems.  The debt, the deficit, and such come to mind!

—30—

Leave a Comment » | LIBERTARIAN | Tagged: | Permalink
Posted by reinkefj

NEWJERSEY: Pepuls Republik of Nu Jerzee sets new diktats for the cable company monoloplies!

Friday, September 3, 2021

https://nj1015.com/fed-up-with-your-cable-company-nj-drafts-new-rules-to-improve-customer-service/

FED UP WITH YOUR CABLE COMPANY? NJ DRAFTS NEW RULES TO IMPROVE CUSTOMER SERVICE
Dino Flammia — Published: September 1, 2021

*** begin quote ***

Cable companies in New Jersey may soon be forced to provide you with better customer service.

But it’s possible you’d end up paying for the improved communication.

The state agency that oversees utilities is in the process of adopting new rules related to the way cable companies handle incoming phone calls from users and provide the work needed in order to resolve customers’ problems.

“All I want is for people to get what they pay for,” Joseph Fiordaliso, president of the New Jersey Board of Public Utilities, told New Jersey 101.5. “Right now, the general customer service experience, in our estimation, is not acceptable.”

A 46-page proposal, dotted with proposed changes aimed at improving the customer experience, was unveiled and approved by the BPU at a meeting in August. A virtual public hearing concerning the proposal is scheduled for Nov. 2 at 10 a.m., and comments may be submitted to the agency through Dec. 2.

*** end quote ***

How about just deregulate the entire industry and let the marketplace discipline “poor service”?

Instead the State creates “monopolies”!

Argh! 

Yeah, but then we wouldn’t need “regulators”, politicians, and bureaucrats.  And no campaign contributions from Cable Companies either!

The State is immoral, ineffective, and inefficient. As well as untrustworthy. So let’s take away their power!

—30—

Leave a Comment » | NEW JERSEY | Permalink
Posted by reinkefj

NEWJERSEY: Murphy blames “climate change” for Ida!

Thursday, September 2, 2021

https://www.msn.com/en-us/weather/topstories/watch-live-new-jersey-gov-phil-murphy-to-visit-destruction-left-behind-after-tornado-rips-through-mullica-hill/ar-AAO1v8H

WATCH LIVE: New Jersey Gov. Phil Murphy To Visit Destruction Left Behind After Tornado Rips Through Mullica Hill
Syndicated Local – CBS Philly  2 hrs ago

# – # – # – # – #

It’s called “weather”.

“You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.” — Rahm Emanuel

—30—

Leave a Comment » | NEW JERSEY | Tagged: | Permalink
Posted by reinkefj

POLITICAL: Why not follow thru with DJT45’s deal?

Wednesday, September 1, 2021

https://www.dailysignal.com/2021/08/31/fact-checking-9-major-biden-claims-about-retreat-from-afghanistan/?utm_source=TDS_Email&utm_medium=email&utm_campaign=MorningBell&mkt_tok=ODI0LU1IVC0zMDQAAAF_P5eNt-0keUsO4qhHJp3ZlT2vtDkQNqNZ0SwKoyEg3ruWgapF4RENnc0Fh2SFR94wP-CwdYI8RXR6BRYTptkAwHMEJKurUXp4dHxyPR_q0q9H8Y1Q

SECURITY NEWS
Fact-Checking 9 Major Biden Claims About Retreat From Afghanistan
Fred Lucas / @FredLucasWH / August 31, 2021

*** begin quote ***

1. Trump ‘Made a Deal’ With Taliban

Biden repeatedly said that he was bound by the February 2020 agreement between the Trump administration and the Taliban that the U.S. would exit Afghanistan. Many Republicans are among those who criticized the Trump deal with the Taliban. 

Biden said again Tuesday that when he came into office, the Taliban was in the strongest position it had been in since 2001 because of a deal with the Trump administration specifying that the U.S. would pull out by May 1. 

“The previous administration’s agreement said that if we stuck to the May 1 deadline that we had signed on to leave by, the Taliban wouldn’t attack any American forces, but if we stay, all bets were off,” Biden said during his national address from the State Dining Room of the White House, adding:

So, we were left with a simple decision, either follow through the commitment made by the last administration and leave Afghanistan or say we weren’t leaving and commit another tens of thousands more troops going back to war. That was the choice, the real choice.
During his brief press conference last Thursday after the terrorist attack at the Kabul airport, Biden, responding to Fox News reporter Peter Doocy, said he bears responsibility. 

But he also blamed his predecessor, Donald Trump. 

“You know as well as I do that the former president made a deal with the Taliban that he would get all of the American forces out of Afghanistan by May 1,” Biden said. “In return … he was given a commitment that the Taliban would continue to attack others, but would not attack any American forces. Remember that?”

*** end quote ***

How is August 31 May 1st?

Who decided to give up the airbase and release all those bad guys?

Heads should roll!

—30—

Leave a Comment » | Political | Permalink
Posted by reinkefj

Next Entries »