Archive for the 'Politics' Category

IOER on Trial

Wednesday, February 10th, 2016

Today I watched the Fed Chairwoman in her semiannual testimony before the US House of Representatives.  The highlight, I think, was in the back and forth with her over the issue of Interest on Excess Reserves (IOER).  Representatives on both sides expressed their concern over what they perceive as subsidies to the big banks.  These […]

How Expectations on Economic Freedom Have Changed

Monday, January 18th, 2016

Just now I was watching CNBC and in a recap of what is going on this MLK day, Sara Eisen was talking about China.  She said “We are watching to see if the officials can stabilize the currency, as a sign that they are still in control of the economy and the markets”.  Think about […]

The Two Main Channels Through Which The Fed Causes Wealth Inequality

Saturday, October 31st, 2015

The Fed likes to do things in a cute way, calling the ways in which they affect things “channels”.  Too cute by half I would say, much like the SCOTUS with its thresholds and tests, but that is a discussion for another day.  It is now indisputable in my opinion that the Fed is one […]

The Necessary Revolution

Monday, October 12th, 2015

I am in the camp that believes, like Thomas Jefferson, that “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants”.  Our Federal Government has come to closely resemble that unbounded tyrannical monster against which our country rebelled in the late 18th century such that now is […]

SCOTUS Renders More Wrong Decisions: Lack of Respect for US Institutions Justified

Thursday, June 25th, 2015

Recently Gallup put out a poll showing that faith in the institutions in the US has fallen to all time lows.  And with good reason.  The President lies about Obamacare and everything in between.  Congress passes Obamacare using the most heinous and ridiculous parliamentary tricks and dodges imaginable.  The Supreme Court twice upholds what is […]

Hillary Already Disqualifies Herself With Email Horror Show

Wednesday, May 27th, 2015

The race for President has not even really started and already Hillary has absolutely disqualified herself for High Office.   She already clears the hurdle just by the fact that she elected in her best bad judgment to use a private email server to handle all of her official governmental email correspondence.  Why does that […]

Minnesota to Entrepreneurs: Go Away

Thursday, April 9th, 2015

As I was looking to move my family out of fiscally bankrupt Chicago and Illinois two years ago, we took a vote and the result was to move to Minnesota where we have some family.  I did not know it but at the time Mark Dayton, the intellectually bankrupt governor of the state – who […]

Valerie Jarrett

Friday, March 6th, 2015

I just watched an interview with the “President”‘s number one advisor, the shadow President of the country formerly known as The United States of America – before John Roberts finally threw out the document that our ruling elite progressively ignored more and more as an anachronism rather than the document setting out the powers and […]

The Myth of Fed Independence

Wednesday, February 25th, 2015

In a reversal of the usual course of events, the more interesting day of Humphrey-Hawkins testimony the last two times it has occurred has been day two in the House of Representatives.  Usually House members, who by and large merely reveal their stunning levels of ignorance of anything economic through their questioning and statements, have […]

A 3rd Bush for President in 25 Years? No Thanks

Tuesday, December 16th, 2014

I have often said that I have never voted for a Democrat for any office and I never will.  Democrats are destroyers.  They are also now almost universally intellectually dishonest lying scum.  That said, I also thought George Bush Jr, though a likeable guy, was one of the worst presidents the country has ever suffered […]

The Thing About Murdering Cops

Sunday, December 7th, 2014

I have watched the video of the police in NYC murdering the large black guy selling cigarettes several times now.  They unnecessarily put him in a smothering choke hold after taking him down to the ground when he had his hands up and planting their boots in his chest and crushing his head into the […]

The Thieving State of Illinois

Wednesday, December 3rd, 2014

Things must be getting pretty desperate in the state we left because things were going to get desperate.  Unfortunately my employer did not switch paying withholding to Minnesota when we moved in 2013 and continued to pay Illinois.  As a result of that plus the fact that we could deduct moving expenses, we actually had […]

The Tyranny of the Non-Economic Market Players

Friday, November 14th, 2014

Anyone paying attention has by now noticed that these are not your father’s markets.  Stocks go one way, up.  Commodities swing wildly up and down as the “stock guys” wax and wane over their love of this or that market (for the second time this year it is Ag markets – after all everyone knows […]

The Real Meaning of the Japanese Action – Raw Desperate Fear

Monday, November 3rd, 2014

Stock markets rallied hard on Friday after the Bank of Japan (BoJ) threw the kitchen sink of Central Bank Keynesian bullshit at their bond and stock markets, as well as ours. In order to allow their great pension monster GPIF to move a large sum in the hundreds of billions of dollars out of JGBs […]

A Strike Against MLB – Our Viagra Culture

Thursday, October 16th, 2014

It is too bad I cannot watch the Baseball playoffs and I would assume the World Series either with my kids who are school age girls. In between every half inning there is a Viagra commercial and talk of getting it up and keeping it up. To which I can only say WTFF? I mean […]

Ms. Yellen Doth Protest Too Much, Obama for the Rich

Monday, August 4th, 2014

The recent testimony by the Fed Chair in Congress was very troublesome the more I think about it.  Pressed by Jeb Hensarling, the House Financial Services Committe Chair, about weekly meetings with the Treasury Department, she repeated over and over how independent the Fed is and how important that is.  Well, if she is taking […]

Outrageous Audacity of Lew, Others

Wednesday, July 16th, 2014

The Left over the last few days have had many stories and talking heads planted on the media talking about the tax inversion mergers announced recently by companies such as my hometown Medtronic as well as others.  Yesterday it was Jared Bernstein and today Treasury Secretary pedestrianaire Jack Lew.  Who Lew?  Exactly.  Bernstein has been […]

The Clueless and Naked Empress Janet Yellen on Display

Wednesday, July 16th, 2014

Janet Yellen was just surprisingly asked a good question in the House version of the Humphrey Hawkins testimony, which is turning out to be much better than the Senate version, which is usually not the case as House members tend to be woefully ignorant of anything that goes on in the world or how it […]

The Question Someone Should Have Asked Janet Yellen

Tuesday, July 15th, 2014

In her testimony today Chairwoman Yellen reiterated something she has said before which is that if the economy improves, in order to manage the excess reserves currently parked at the Fed by Money Center Banks, the Fed will use the newly created (in the wake of the 2008 crisis) power to pay interest on excess […]

A Quick Argument In Favor of Term Limits

Tuesday, July 15th, 2014

When future historians describe in their research the reasons that the United States of America went the way of the Roman Empire, foremost among them will be one of the only real as opposed to imagined deficiencies in the drafting of the Constitution by the Framers – the absence of term limits right in the […]