ECONOMICS: UniParty is responsible for debt, unfunded liabilities, and Gooferment deficit spending

Wednesday, October 23, 2024

https://internationalman.com/articles/david-stockman-on-the-battle-of-the-liars-trump-versus-harris-and-the-folly-of-uniparty-economics/

David Stockman on The Battle of The Liars… Trump Versus Harris and The Folly of UniParty Economics
by David Stockman

<< EDITOR ADDED DATE 2024-10-18>>

*** begin quote ***

The Dem candidate brags about 16 million new jobs on the Harris-Biden watch and Trump claims the Greatest Economy Ever—evidenced in part by low inflation that his successor purportedly blew sky high.

Both are lying. Both ignore crucial matters of context—such as stage of the business cycle, Fed policy actions, forces arising from the $105 trillion global economy in which US growth, jobs and inflation are inextricably rooted and the fact of lag times in transmission of Washington policy into economic outcomes.

*** and ***

In any event, the real culprits are the spenders and money-printers. And not surprisingly, both candidates want more of both.

Editor’s Note: The amount of money the US government spends on foreign aid, wars, the so-called intelligence community, and other aspects of foreign policy is enormous and ever-growing.

It’s an established trend in motion that is accelerating, and now approaching a breaking point. It could cause the most significant disaster since the 1930s.

*** end quote ***

I keep banging the drum on “debt, unfunded liabilities, and Gooferment deficit spending at all levels”.

The UniParty makes picking the “lesser of two evils” a frustratingly failed strategy.

As Tom Woods says “No matter who I vote for I get John McCain”.  Sadly true.

All “We, The Sheeple” can do is prepare for the eventual collapse of the dollar when the debt becomes unrepeatable.  Till then remember the old military directive “get small in your hole”.   

As when I was counseling FOWG “turkeys”  —  Success for your generation is: (1) ruthless financial discipline — no bad debt; (2) a life long interest in learning — education — a degree — they can’t take it away from you; (3) a NON-OFFSHORABLE white collar job in order to save big bux; (4) a blue collar skill for hard times — never saw a poor plumber; (5) one or more internet based businesses — your store is always open; (6) a free time hobby that generates income; and (7) a large will-maintained network of people who can “help” you.

That’s the same advice for dealing with the UniParty’s economic disaster.

—30—

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

TINFOILHAT: The Moskva Riddle — NATO, Ukraine, sabotage, or accident?

Tuesday, April 26, 2022

https://www.unz.com/pescobar/the-moskva-riddle/

The Moskva Riddle
Pepe Escobar • April 23, 2022 •

*** begin quote ***

Martyanov also stresses, “it is impossible to hide the external impact of the anti-shipping missile – one will immediately know what hit the ship. Moreover, to hit and sink such a target as the Moskva one has to launch a salvo and not only two missiles, likely 3-4 at least. In this case, Russia would know who attacked Moskva. Does NATO know? I am positive this event has NATO written all over it, if it is not an internal sabotage which absolutely cannot be excluded at this stage. I am sure if Nebo was operational it would have seen the salvo.”

Which brings us to the inevitable clincher: “If NATO was involved, I am sure we will see some retaliation, after all, as I am on record all the time, US bases in Middle East and elsewhere are nothing more than fat prestigious targets.”

So get ready: something lethally “asymmetrical” may be about to pop up.

*** end quote ***

Now here’s a good question for a “Conspiracy Theory”.  Apparently, there are four good alternatives for what happened.  It’s seems to be a well proven “fact” that something did happen. But, since I have not touched the hull or have someone reputable touch it, I can’t know for certain.

The author makes a plausible motivation for why NATO might have done something, but that is not evidence.  And, one can’t really expect any reliable dikw (i.e., data, information, knowledge, wisdom) from Russia on the topic.  

The whole Ukrainian tale about sneaking cruise missiles in while the crew was distracted by drones seems less likely. 

So we just have to wait and see what “leaks” out.

—30—

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

MONEY: “Inside Money” standard and the “Outside Money” reality

Monday, March 14, 2022

https://tomluongo.me/2022/03/13/ins-outs-whose-money-is-it-anyway/

MONEY, POLITICS
The Ins and Outs of Whose Money is it Anyway?
Date: March 13, 2022Author: Tom Luongo

*** begin quote ***

Today’s “Inside Money” standard, known colloquially as the Dollar Reserve standard, is actually what I like to call “Milton Friedman’s Nightmare.” It is nothing more than a system of competitively devalued and inflated debt-based scrips running around drinking each other’s milkshakes until everyone’s glass is empty.

FYI, there are a lot of empty glasses around the world right now and more are being created everyday as the financial system turned predatory after the Lehman Bros. collapse in 2008.

It was then that the Central Banks and governments turned fully against the people sucking up more and more outside money by inflating inside money egregiously to control more and more of the real wealth of the world.

There is only one problem with that, however. Eventually, you run out of property to squeeze out of people’s hands. The more you take, the less people are restrained by little things like laws.

Eventually two things happen. The first is what we’ve been seeing from Russia and China for the past twelve years — steady accumulation of gold and other hard assets, outside money, including the building of real manufacturing infrastructure as well as the financial infrastructure to house it.

The second is just over the horizon — the moment where all the legal claims to controlling outside money mean nothing when enforcement of those legal claims gets exposed as a bluff because there aren’t enough enforcers capable of keeping the looters from taking it.

*** end quote ***

I’m am waiting for the “Great Reset” to drop on “We, The Sheeple” of which I am part of in someways.  I know this is going to hurt the poor, the seniors, those on fixed incomes, as well as the non-super rich.

Wonder what the price of gold will go to … … (the fellow’s guess)  about 45k$.  By other guesstimates, that’ll translate to 80$/gallon for gas.  Now I’m not predicting this but even if gas goes from 4 to 8$/gallon, the economy is totally screwed.

The U$D would be near worthless.

Argh!

The future is murky and there could be a cliff in the fog.

—30—

 

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

GOVEROTRAGEOUS: Syria-gate

Friday, June 28, 2013

http://www.lewrockwell.com/blog/lewrw/archives/140163.html

June 22, 2013
Executive Branch Illegalities Go Unsanctioned
Posted by Michael S. Rozeff on June 22, 2013 07:28 AM

*** begin quote ***

Now that the U.S. is openly arming groups in Syria, it has openly admitted that it has been training rebels for several years in secret bases in Turkey and Jordan. Up to now, those who reported or wrote of this were using other sources of information as here. The Guardian reported this on March 8, 2013. The U.S. had to admit this because of these reports, if nothing else. Obama likes to conduct his wars in secret.

When I speak of “illegalities”, I mean that the executive branch of the U.S. government constantly breaks either the Constitution, international laws, solemn pledges it has signed, treaties it has signed, or laws it has previously made (passed by Congress and signed by some president). Even if there were no moral case against the U.S. actions, which there is, there is a legal case (and a pragmatic case).

There has been no war declared on Syria. There is no Syrian aggression against the U.S. There is no legal basis for training rebels or arming them. The U.S. government is an outlaw rogue regime, constantly lying, constantly manipulating information as in this case, constantly hiding critical information, and worthy only of great disrepect.

*** end quote ***

Clearly, this is yet another example of abuse by the Executive branch. This is not a D or R thing. Both sides of the supposed “aisle” do the same thing.

MYOB!

# – # – # – # – #   

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

RANT: Mayhem and murder are the State’s hallmarks

Friday, April 19, 2013

Oh, Please
via LewRockwell.com Blog by Becky Akers on 4/16/13

Every time the Feds mount another false-flag operation-sorry, every time another tragedy like the Boston Marathon Massacre hits, the corporate media solemnly assures us that mayhem and murder are “the price we pay to live in a free society.” Balderdash. Mayhem and murder are the State’s hallmarks; the freer a society is, the less of both there will be. Imagine America without her ruling socipaths: no wars overseas or at home; incredibly little poverty absent the Fed’s inflation, professional licensing to create unemployment, and taxation; virtually no crime since the well-regulated militia would defend itself from all criminals, free-lance or official.

Meanwhile, the latest of the media’s morons to blame Boston’s horror on liberty rather than Leviathan is Tom “The Babbler” Brokaw. First, The Babbler calls the police-state currently tyrannizing Americans an “open society.” If warrantless wiretapping, waterboarding and other torture, NDAA, gate-rape, secret No-Fly Lists, and the NSA are The Babbler’s idea of “openness,” well, spare me from what he considers tyranny (actually, we all know how he defines “tyranny”: these same evils when practiced by other countries’ politicians and bureaucrats on their hapless serfs — usually financed with Uncle Sam’s “foreign aid”). Second, at best, the State apparently knew an attack was likely and did not prevent it, despite the overwhelming resources at its command; at worst, it actively participated in it.

# – # – # 

I just don’t trust the politicians and bureaucrats. 

What are diktat are they going to impose now?

# – # – # – # – #   

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

RANT: Boston has to be examined

Tuesday, April 16, 2013

The Plot Thickens
via LewRockwell.com Blog by Becky Akers on 4/16/13

“University of Mobile’s Cross Country Coach, who was near the finish line of the Boston Marathon when a series of explosions went off, said he thought it was odd there were bomb sniffing dogs at the start and finish lines. ‘They kept making announcements to the participants do not worry, it’s just a training exercise,’ Coach Ali Stevenson told Local 15. Stevenson said he saw law enforcement spotters on the roofs at the start of the race. He’s been in plenty of marathons in Chicago, D.C., Chicago, London and other major metropolitan areas but has never seen that level of security before.”

And the police-state still couldn’t get it right.

Hmmm. Or did it? Be sure to catch the readers’ comments: plenty of other skeptics out there, flinging terms like “false-flag” and “psy-ops.”

# – # – # 

I too don’t trust the mainstream media not to be a lapdog for “group think”.

Within hours, the liberal press (CNN and MSNBC) were indicting the “right wing”.

Sorry, but I have no idea who did it.

I’m not even sure there was “extra security”. 

What I do know, deep in my heart, that we haven’t gotten, won’t get, may never know the “true story”. 

Argh!

# – # – # – # – #  

1 Comment | Ranting | Tagged: , , , , | Permalink
Posted by reinkefj

TINFOILHAT: Pearl Harbor was an “inside job”

Tuesday, October 23, 2012

http://www.washingtonsblog.com/2012/10/the-american-and-british-government-knew-down-to-the-day-of-the-coming-japanese-attack-on-pearl-harbor-and-let-it-happen-to-justify-american-entry-into-wwii.html

The American and British Governments Knew – Down to the Day – of the Coming Japanese Attack on Pearl Harbor … And Let It Happen to Justify American Entry Into WWII

Posted on October 15, 2012 by WashingtonsBlog

Military Officers and Code Breakers Speak Out … On Camera

*** begin quote ***

But a full and honest account of World War II shows that some big American banks funded the Nazis. And America dropped nuclear bombs on Japan when top U.S. military officials said it wasn’t needed.

And – as shown below – we probably knew about the coming Pearl Harbor attack, but let it happen to justify America’s entry into World War II.

The White House apparently had – a year before Pearl Harbor – launched an 8-point plan to provoke Japan into war against the U.S. (including, for example, an oil embargo). The rationale for this provocation is that the U.S. wanted to aid its allies in fighting the Nazis and other axis powers, and decided that an attack by Japan would be the most advantageous justification for the U.S. to enter WWII.

Moreover, Honolulu newspapers warned of a possible attack by the Japanese on Pearl Harbor:

Indeed, as the following must-watch BBC documentary – with interviews with many of the main players, including military officers and code-breakers – shows, the American and British knew of the Japanese plan to attack Pearl Harbor — down to the exact date of the attack — and allowed it to happen to justify America’s entry into World War II:

And see this short essay by a highly-praised historian summarizing some of the key points. (The historian, Robert B. Stinnett, a World War II veteran, actually agreed with this strategy for getting America into the war, and so does not have any axe to grind).

*** end quote ***

I read Stinnett’s book many years ago. I was convinced with the “smoke” from the gun he laid out in the book.

Now we have testimony!

Seems like this one for the Tin Foil Hats.

Maybe the people won’t be so quick to dismiss suspicions.

Sad that so many people died and so man lives disrupted for so many generations.

We can’t total up all the costs.

Time to make sure it doesn’t happen again.

— 30 —

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

POLITICAL: Do “we” really understand the cost of war?

Saturday, October 6, 2012

http://lewrockwell.com/woods/woods201.html

I Was Fooled by the War-Makers

by Thomas E. Woods, Jr.

*** begin quote ***

Twenty years ago, as I was completing my freshman year in college, I was a full-blown neoconservative. Except I didn’t know it. Having concluded that I was not a leftist, I simply decided by process of elimination that I must be a Rush Limbaughian.

Like most people, I was unaware that any alternative to those two choices existed, or that in some ways they were two sides of a common statist coin. In particular, I embraced a neoconservative foreign policy with gusto. The way to show you weren’t a commie was by supporting the U.S. military as it doled out summary justice to bad guys all over the world. And frankly, it was exciting to watch it all unfold on TV.

I never gave the human cost of war a second thought and became impatient with anyone who did. War was like a video game I could enjoy from the comfort of my home. Devastation and human suffering were quite beside the point: the righteous U.S. government was dispensing justice to the wicked, and that was that. What are you, a liberal?

*** and ***

Mothers and fathers were crying themselves to exhaustion over children they had lost, or who, worse still, were dying agonizing deaths before their very eyes. There is no worse anguish for parents than to watch their children suffer and to be helpless to do anything about it.

Was it really right that we Americans should meanwhile be celebrating with a Bob Hope special, and – on cue – flattered by the ceaseless reminders that ours was the awesomest country ever?

*** end quote ***

How can anyone be for war?

How can anyone support BHO44’s “drone war”?

How do we explain the deaths of 2,000 American youths?

Sorry, but I too was once fooled by the welfare / warfare state!

This scale of killing was never envisioned by the Constitution. The political class doesn’t even follow these supposed limits. How was war in Libya declared? By Presidential fiat! 

# – # – # – # – #   

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

GOVEROTRAGEOUS: Why are the girls and boys still in AfPak?

Wednesday, September 26, 2012

http://www.vtcommons.org/blog/mr-president-why-my-son-afghanistan-anna-berlinrut

Mr. President, Why Is My Son in Afghanistan? By Anna Berlinrut
Juliet Buck
Radical SAHM
Topics> Foreign Policy, Military, Politics, Diplomacy
Editors Note:

Anna is a member of Military Families Speak Out — the only nationwide organization of military families (and supporters) that want to bring our troops home from Afghanistan NOW and take care of them. There is power in numbers. We now have approximately 4,000 military families registered and about 2,000 non-military supporters. The larger we grow, the more powerful our voice will be. We also want to stop the War with Iran before it starts. That war would also not be in the best interest of our country.

This piece was originally published at warisacrime
Wed, 09/19/2012 – 8:37am

*** begin quote ***

September 17, 2012

Dear Mr. President:

He’s been in Afghanistan for two weeks, but I feel as though I’ve aged 10 years. This is my only son’s sixth deployment in harm’s way.

I was supposed to get together with friends Saturday night. But when I read that two more NATO troops were killed in Helmund Province in a green on blue attack, I cancelled my plans. Then I found out they were Brits. This morning I heard that four American troops were killed by Afghans in uniform. Another mother’s son is dead. Not mine.

I don’t understand why our troops are there. First we were told it was to destroy al Qaeda. But Bin Laden is dead and al Qaeda has not been in Afghanistan in large numbers in many years. They are now scattered around the world in many countries.

*** and ***

My son is an ANA trainer in one of the most volatile regions of Afghanistan. He has left his pregnant wife and two young sons to go half way around the world to a country where many of the people he is trying to help want to kill him. Our President cannot give me a valid reason why he is there. It’s time to bring all of our troops home and take care of them.

Sincerely,
Anna Berlinrut, Maplewood, New Jersey

*** end quote ***

Like Ron Paul said: “We can just march out!”

There is NO logic to why we are there, still there, ever went there.

Argh!

This just proves to me that the “anti-war movement” was astroturf!

# – # – # – # – #   

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

GOVERNACIDE;

Friday, January 6, 2012

http://bigpeace.com/jbernard/2011/12/29/the-united-states-government-is-being-willfuly-ignorant-in-the-current-middle-eastern-war/

The United States Government’s Willful Ignorance Is Costing Soldiers’ Lives
Posted by John Bernard, 1st Sgt. USMC (ret.)
Dec 29th 2011 at 5:23 pm

*** begin quote ***

To that end, it has been my contention that this administration, the past administration and the entire upper end structure of the military machine has failed miserably. Not only have they chosen the wrong strategy to achieve a definable victory for their nation, they chose one that has been disproportionately brutal for our forces while providing cover for the enemy and the population that has proven over and over again to be untrustworthy.

History has defined and will continue to define only a miniscule number of opportunities for a theater-wide application of the precepts of Counterinsurgency Doctrine to have been efficacious. Even a casual glance at the human terrain in either Iraq or Afghanistan, with Syria and Iran to possibly follow, should have given the critical thinker everything they needed to adequately keep COIN under lock and key in the vault of terrible ideas.

*** and ***

First of all, if someone can point me toward the ongoing, public record of support for America in either of these operations or the public record of Muslim denunciation of the actions of the “terrorist” or “radicalized” Muslim or Jihad as a war doctrine, Taqiyya as a deceptive practice with the intent of keeping the enemy off balance, please show me?

The clear evidence only suggests groups as defined by those who willingly strap on bombs and those who do not. Unfortunately, we know that from within the second group comes the financial and spiritual support for the first.

Suggesting you can parse these two and do harm to one while garnering support for said harm from the “moderates” simply misses the truth about religion – all religion!

*** and ***

We watch the wanton destruction of human life by the forces of Islam and the associated silence from the “moderates” every day. Is it the contention of those who submit to the “two Islams” vision that we should continue to assume the best of a people whose religion is belligerent to non-believers?

*** end quote ***

The First Sargent correctly imho distills the “problem” into the concept: “It not what we think, it’s what it is that counts.”

Their “moderates” support their “extremists”.

Any failure to recognize this fact in policy, strategy, or tactics dooms us to failure. And, failure, in this case, translates into dead human beings. Soldiers and civilians on both sides are lost due to the stupidity of our leadership. Or lack there of.

We need to get the girls and boys out of the fire zone until we figure it out.

“We, The Sheeple” learned nothing from Viet Nam.

# – # – # – # – #

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

« Previous Entries