Federal Reserve Failure

What do the Federal Reserve and neoconservatives have in common? They both refuse to admit that their policies — the neocons’ promotion of perpetual war and the Fed’s manipulation of the money supply — are complete failures, having produced the opposite of the promised results.

The latest example of the Federal Reserve engaging in Bill Kristol-like levels of denial is the Fed’s continued insistence that the return of 70s-style inflation is a “transitory” phenomenon resulting from the end of the lockdowns. The Fed has acknowledged the “transitory” inflation will last until at least 2022, yet it is still determined to keep interest rates at or near zero until the “jobs situation” improves.

To be fair, the Fed has finally announced plans to cut back on its money-pumping activities by reducing by 15 billion dollars a month its monthly purchase of 80 billion dollars of Treasury bonds and 40 billion dollars of mortgage-backed assets.

It is unlikely that the Fed will stick to its plans to “taper” its purchase of Treasury bonds. The Fed’s Treasury bond purchases enable the federal government to run up the debt without increasing taxes or paying punishingly high interest on the debt.

The Congressional Budget Office projects that by 2030 the federal debt interest cost will more than double to 829 billion dollars. That is more than the government spent on the military in 2020!

Despite the looming fiscal crisis, Congress is unlikely to cut spending anytime soon. Instead, Congress members are debating a 1.75 trillion dollars “social spending” plan, having just passed a 1.2 trillion dollars infrastructure bill. Contrary to the claims of President Biden and his allies, this new spending will not reduce inflation. What it will do is hasten and deepen the inevitable economic crisis caused by government overspending.

Of course, most Republicans will continue opposing big increases in spending and debt … as long as a Democrat sits in the Oval Office. A Republican who becomes president will likely believe, as Dick Cheney has said, that President Reagan taught us that deficits don’t matter. The difference between the parties is Republicans are less likely to raise taxes. So, no matter who controls Congress and the presidency, spending and debt can keep increasing.

The Fed may also take dramatic action to keep interest rates low if other purchasers of federal debt demand higher interest rates in anticipation of future inflation. Such a situation would be a sign of what Ludwig von Mises called a crack-up boom. A crack-up boom occurs when the public anticipates continuing devaluation of the currency, causing them to factor future price increases into their economic plans.

Crack-up booms are preceded or accompanied by economic crises that can lead to the rise of authoritarianism. However, this is not inevitable. Important steps can be taken including cutting spending on militarism and corporate welfare, phasing out the entitlement and welfare programs, and auditing and ending the Fed. Those of us who know the truth should seek to convince our fellow citizens of the importance of restoring a limited, constitutional government that does not try to run the economy, run the world, or run our lives.(Republished from The Ron Paul Institute by permission of author or representative)

The Creepy Mass Psychology of Vaccine-Crazed America

“Sixty percent of vaccinated individuals say they are banning unvaccinated family members from seasonal festivities, according to study released Saturday by One Poll.

A slightly higher number, 63%, said they are not comfortable having unvaccinated relatives at their parties.” [reported by Newsmax]

I find this astonishing. If you feel compelled to get a vaccination because you believe it keeps you safe, then why do you suddenly feel UNSAFE the moment you learn another in your presence is not vaccinated? If the vaccine does not help you enough to protect you from an unvaccinated person, THEN HOW IS FORCING THAT PERSON TO GET VACCINATED GOING TO HELP YOU?

It’s mass hysteria of the first order. I would be appalled if 25 percent, or even 10 percent, of people felt this way. But when you consider that two-thirds of the population are this irrational and brainwashed beyond all redemption, it makes me tremble for the future. Actually, it makes me tremble for the present.

Otherwise sane, often highly capable and sometimes even very likable individuals buy into this brazen “1 plus 1 equals 3” kind of mentality. THAT’S the most disturbing part.

The issue is deeper than politics. We’re talking about the core sanity and intellectual honesty of the population. No civilization can carry on with this level of Nazi Germany-like mass delusion. I always knew America had issues; but I didn’t realize two-thirds of us were this far gone. It’s incredibly sad.

Michael J. Hurd, Daily Dose of Reason

The COVID Vaccine isn’t Overbroad; it’s EVIL

The [Biden vaccination] mandate is staggeringly overbroad,” the opinion of a federal court said.

The vax mandate is not “overbroad.” It’s totalitarian. It’s tyrannical. It’s MONSTROUS. Forcing people to put experimental medical treatments into their bodies is evil. Not even all totalitarian governments go this far. The last time we saw such a thing was during the Third Reich. If we don’t fight this on unyielding principle, we will be steamrolled with unending mandates for generations to come.

#NotMyDictatorship

Food for Thought

Why would anyone supply illegal immigrants with food, water, and medical care so they can reach our border, then permit them to illegally cross into the US and pay them $450,000 each for doing so. This is expensive vote-buying, but it will meet the Democrats’ goal of getting rid of Red states.

The way the Democrats have rigged using US taxpayers’ money to finance their vote-buying scheme is to claim the Trump administration damaged illegal entrants by separating families and America needs to pay off the damaged illegals so they don’t sue. The immigrant-invaders law suits are being prepared against the American taxpayers by the ACLU, apparently with input from the US Department of Justice.

Biden’s deputy press secretary, Karine Jean-Pierre, said the payoffs were justified because separating illegal immigrant-invader family members was “cruel, inhuman, and immoral.” Apparently, bombing hospitals, funerals, weddings, farmers, and children’s soccer games in the Middle East is OK, but arresting illegal entrants is not.

Of course, a non-citizen who has committed the crime of illegal entry has no basis for a lawsuit in a US court. If such lawsuits were possible by damaged foreigners, the US would be stone broke. Just imagine all the people the US damaged in Afghanistan, Iraq, Libya, Somalia, Syria, Pakistan, Vietnam. Imagine the damage the US has done to journalist Julian Assange and to many US citizen whistleblowers. Just imagine Democrats allowing any of these millions of damaged people to bring lawsuits.

There has never in history been corruption on the scale of the US Democrat Party, and Republicans are too cowardly to do anything about it. The Republican Party even allows Democrats to steal elections openly in plain view and to frame a sitting President.

A Gangster Party and a Cowardly Party are not ingredients for a bright future.

Who Is Financing the Immigrant-Invader Caravans Heading for US Border?

Who brings poor Haitians across the sea to Mexico to walk across our border?

The answer: the Democrat Party and its benefactors

Did Biden order Mexico to call off the National Guard and permit the immigrant-invaders to advance? You can bet the Democrats have it figured out how many immigrant-invaders they need to establish their one party rule. The Democrats know just how many to send to each Red state.

https://www.telesurenglish.net/news/Central-American-Caravan-Overwhelms-Mexican-National-Guard-20211105-0008.html(Republished from PaulCraigRoberts.org by permission of author or representative

Why Liberals Foam at the Mouth over Kyle Rittenhouse

Kyle Rittenhouse does not represent racism or “white supremacy” to the amoral vagabonds who dominate our media, corporate and government establishment. He represents the one thing they loathe far more than racism: Liberty. Including, but not limited to, the Second Amendment. The Bill of Rights…it’s their intellectual and psychological kryptonite. Individual rights literally make them livid. When they see Kyle Rittenhouse, THAT’S what they’re seeing, and THAT’S why they lose their sanity.

Michael J., Hurd, Daily Dose of Reason

The Vaccine is Killing More than COVID

We know that NIH funded gain-of-function research at the University of North Carolina and then in the Wuhan China lab. We know the vaccine does not protect. We know it injects a pathogen into the body. We know the vaccine causes death and illnesses. There are known facts. Yet the campaign to coerce universal “vaccination” with a “vaccine” that is far more dangerous than Covid continues. This implies the complete total dishonesty or stupidity of the medical establishment and political leaders, or it points to the implementation of a campaign decades in the making to reduce and limit the human population.

South African Doctor Explains how an Engineered Vector (called a virus) and an Engineered Substance (called a vaccine) Were Created in order to Reduce the World Population

Listen carefully. The doctor says that once you realize the game plan, the counterproductive from the standpoint of human health Covid protocol makes sense. They do intend to kill most of us. That is the purpose of the spike protein in the “vaccine.”

https://www.bitchute.com/embed/IQoUmvcoiStX/ Video Link

Note that it is health care workers who have seen the effects of the “vaccine” on people who prefer to lose their job to being “vaccinated.” Notice that the public health authorities in the Western world do not care if the result of the mandate is a dramatic shrinkage in medical personnel. This is an indication that the South African doctor is correct that the intent is to kill us off.

Top NIH Unvaxxed Scientist Willing to Lose Job and License, Will Argue Against Vaccine Mandates in Livestreamed Ethics Review

Remember: The “Covid Pandemic” was the creation of the PCR test run at high cycles designed to produce high rates of false positives. This allowed the medical establishment to designate almost all deaths from cancer, heart attack, etc. as “Covid deaths” if the patients were given the orchestrated PCR test run at cycles known to produce false positives. A person who died with a false positive was counted as a Covid death.

Remember: Italian medical authorities have corrected Italy’s Covid death count to include only people who died from Covid. The Covid death count fell from 130,000 to 3,783. In other words, in Italy the “pandemic” was created by overstating the Covid deaths by 32.5 times!

Californi Gov. Newsom Injured by Moderna Booster Shot, Source Tells The Defender

The source, who asked not to be identified, said Newsom’s symptoms were similar to those associated with Guillain–Barré syndrome (GBS), a known side effect of many vaccines.

Athletes Suffer Cardiac Arrest, Myocarditis, Blood Clots, Hospitalized after COVID Injections

Recent data from the U.K. Office of National Statistics reveals people who have been double jabbed against COVID-19 are dying from all causes at a rate six times higher than the unvaccinated

The CDC rushes to cover up the facts with two fake studies

Marine Corps Commandant General David Berger Agrees with Pfizer CEO that the Truth established by known facts that the Covid “vaccine” is dangerous constitutes Disinformation. Only Big Pharma’s lies are true.

Shouting down known facts and renowned experts is the pastime of Big Pharma and its shills such as Tony Fauci and the presstitutes. It now includes the Marine Corps Commandant who blames Marines far more intelligent than him for refusing the death shot because of “disinformation” by renowned scientists and experts. So a Marine general knows more than scientists and experts.

How does a person as stupid, or is it corrupt, like General David Berger get to the top?

The Covid Pandemic is a Proven Hoax. What is its purpose ?

How Communism Finally Came Banging on America’s Door

A Communist society is one where nothing is privately owned. In principle, everything belongs to “society”; in practice, everything belongs to the government, i.e., the ruling regime. If you want to turn America into a Communist society, you have two choices: One, brute force. Simply nationalize everything with the aid of police and troops. Seize private bank accounts, private homes and private property. This includes the private property of the middle class, not just the impoverished (who have little to begin with) or the uber wealthy (who can always protect themselves with money, at least until the police and troops turn on them, and maybe even then).

One reason you don’t find Communist systems in societies that already have a vibrant middle class is that the middle class would never permit it. As much as they might claim to subscribe to the woke theology of self-sacrifice, they like their cars, their clothes, their homes, their restaurants, their vacations, their pets, comfort for their children and their full grocery shelves.

So what’s the second way to install Communism in a country like America? Make the middle class feel massively and chronically guilty and ashamed. Make them frightened. COVID was a perfect way to do this. In much of the country, it’s still working. People who are NOT afraid of much else will run for cover if you say the word, “COVID.” And you’re told that you’re shameful if you don’t wear masks and get an experimental vaccine — even though both these things are sold as acts of self-protection, so there’s no harming others if everyone can protect themselves.

The media has made sure that fear and guilt carry the day. And then make members of the middle class feel guilty. Tell them that if they’re the wrong race, or the wrong political party, or if they use too much oil and gas, or if they have too much money, or if they succeed too much in life, or if they fail to teach their children woke ideology instead of traditional religion or common sense … tell them this makes them bad people. Tell them they can become good people, but only if they atone. How? By becoming woke and Communist, of course.

Fear and guilt, with a little self-loathing thrown in … and suddenly you have mass numbers of middle class people willing to go Communist. As recently as two years ago, I would have been skeptical that it could have happened in America. But it’s happening right before our eyes at this moment. Could it all fall apart? Could the massive unpopularity of Joe Biden and the people who employ and direct him come back to bite them? Absolutely. One way or another, it will all fall apart, because Communism ALWAYS does and ALWAYS will. It has to fail, by its corrupt and irrational nature; it’s the creed of failure for its own sake, of self-annihilation as a virtue. However, it can take just a couple of years or many generations for this all to play out. So we don’t yet know the outcome.

Regardless, it’s a horrifying commentary on the lack of rationality and integrity in so much of our culture that the Communists even got this far. Look at AOC. Look at the football stars and celebrities who promote it. Look at Joe Biden, and Kamala Harris. They are not bright people. Look at the woke corporate business persons. Some of them are glorified politicians; some of them have accomplished something. They may be talented in certain areas, but intellect and any remote understanding of human behavior and human nature are not part of their talent. Something must be deeply wrong with them, intellectually and morally, to promote an ideology of self-annihilation when freedom, self-responsibility and individualism got them where they are. They must be horrible people to wish to deny for others what worked out so well for themselves. Bill Gates comes to mind.

It’s shameful and frightening that so many of us succumbed to unearned shame and irrational, overblown fear. Especially when it has been peddled by the least intellectually and ethically qualified to do so.

When the government systematically and decisively destroys the economy and military and no longer fears the people, the people should be rationally afraid — and angry as hell. When members of the government mock and make fun of the people when they complain of the resulting skyrocketing prices, defenselessness at their borders and shortage of labor and supplies, the people should be in a truly revolutionary mood.

As long as the government thinks we’re only afraid, but not angry, they will push harder and harder to destroy us. They will push us as far as we will take it. So far, we’re taking every bit of it.

Michael J Hurd, Daily Dose of Reason