Far From Ordinary Times For National Economies

Empires rise and fall. Nations traverse through periods of feast and famine, disputes with other nations, sometimes wars, and economic booms and busts. History is rife with stories detailing the life and times of nations and their leaders.

The vast majority of nations today face conditions that are far from normal.

There are at least three major migrations taking place, Africans to Europe, Chinese to Africa, and South Americans to North America. These are disruptive events, not only for the individuals involved but for the entire populations of the nations affected. Changes are gradual, mostly, but the mundane can be cracked by atrocities, absurdities and maladjustments committed by migrants in the clash of cultures.

Such conditions are prevalent in Europe and the United States, with migration reaching epidemic proportions. Indeed, President Trump himself calls the illegal immigration at the southern US border an "invasion." He is not wrong. The United States was built on the back of immigrants - legal ones - whose individual efforts and respect for their fellows built the greatest nation on Earth.

Illegal immigration is challenging the normative behavior of well-established citizens. According to certain left-leaning politicians and a corrupted media, illegal immigrants should receive free health care, free schooling, and largely, freedom from gainful employment. Ordinary, established US citizens do not receive such largesse, nor should they. Nor should the illegal entrants, who have violated our borders, broken our laws and flaunted the lifestyles and even the national flags of whence they came.

Such activity is largely disruptive to the fine working condition of a nation and the United States has been building to this state of affairs for more than 40 years. Estimates of people living in the US illegally range from 11 million to as many as 60 million people. The higher end of that range is probably closest to the truth, which is why immigrants - mostly the illegal ones - disrespect US laws, commit crimes, and take advantage of an overly generous social framework and increasingly undisciplined judicial process.

The condition in many European countries is far worse, where theft, rape, and other human crimes are committed with impunity. Often, if an immigrant is accused of crime, there exists no punishment. The system feeds upon itself and eventually fails to protect the national culture.

That is not all. Every nation on earth is controlled economically by an unelected elite, otherwise know as a central bank. In Europe, where the financial condition is dire, all nations on the continent are controlled by one central bank, the ECB. Nations have usurped their right to issue currency, having been overwhelmed by the collectivist desires of the European Union. The ECB issues fiat currency, in the form of a counterfeit euro, bolstered most recently by negative interest rates because the system is a fraud and it imploded over 10 years ago, during the Great Financial Crisis. The global central banks added untold amounts of liquidity, but it will never be enough because the crisis is one not of liquidity, but of solvency. All central banks create currency out of thin air, charge interest for its use, and, via the magic of fractional reserve lending, multiply the amount of currency in circulation by ghastly amounts.

The system is broken and will remain broken until it is completely rejected by the various populaces which employ it. That moment in time is unknowable, but it is inevitable.

There is more.

Great Britain, wise enough to keep their currency - the pound - national in nature, is attempting to exit the EU, but has been met with resistance three years since a national referendum preferred exiting, or, in common parlance, Brexit.

This is a further disruption to the status quo, and the elites will have none of it.

President Donald J. Trump, of the United States, foments more radical departures, not the least of which being his penchant for fair trade via tariffs. For three decades, the globalists have promulgated their "free trade" jingoism, which is commonly broken, cheated upon, corrupted, deceitful, unequal, and decrepit. Global trade should well collapse, and if President Trump's tariffs are the agent of change, all the better.

Thus, these days are far from normal. Superficially, people go about their business as if nothing is brewing beneath the casual calm. There will be a shock, probably multiple shocks, similar to, and many of them larger than the events of 2007-2009.

How long the politicians, bankers, and the media can keep a lid on the calamity that is bubbling up below, is anyone's guess, but their time is running short. Currencies will collapse, nations will fall, there will be wars.

It would pay to keep a sharp eye on one's assets, hard and soft. Anything that is not well-protected can be stolen away in a flash. Consider the number of security breaches at financial institutions as warnings. The money is unsafe. Hard assets are safer, but must be protected, defended.

All of this is frighteningly real and happening at breakneck speed. The usual media sources will not tell you the truth. You must find it on your own.

Ten years is a long time for the central banks and their friends to keep the spinning plates of a corrupt, defunct global financial construct from experiencing inertia and crashing to the floor, shattering into millions of tiny, unrecoverable pieces.

The spinning will end. Everything will change.

At the Close, Monday, August 12, 2019:
Dow Jones Industrial Average: 25,897.71, -389.73 (-1.48%)
NASDAQ: 7,863.41, -95.73 (-1.20%)
S&P 500: 2,883.09, -35.56 (-1.22%)
NYSE Composite: 12,586.24, -162.18 (-1.27%)

Global Markets Fall In Reaction To Trump Immigration Ban

In what may have been a completely convenient excuse to unwind some positions in overheated markets, analysts blamed Monday's global meltdown on US President Donald Trump's hastily-enacted immigration ban.

While the ban covers only seven countries - the same ones covered under a similar program under President Obama (Iran, Iraq, Syria, Yemen, Somalia, Libya, Sudan) - reaction from both affected and unaffected countries has been vocal, but especially in the US, where protesters (many of them paid) set up camp at airports in major cities.

Aside from the obvious left-leaning, liberal crying and tooth-gnashing, market participants largely over-reacted to the condition, giving pause to any instant analysis. What Trump may have done with the ban is fire a first volley in what may eventually prove to be an escalating trade war with the focus more on currency manipulation and tariffs than immigration limits and its consequences.

Not only were US markets lower on the day, equity indices around the world were down. That's an unusual circumstance worth noting, because, in the normal conduct of business, somebody's loss often results in gain somewhere else. Apparently, this was not the case, leading to the belief that the off-hand selling was little more than relief form overextended stocks.

On the flip side, this one-off event could be the beginning of a disorderly decline in the value of major equities around the globe and a beginning to the dismantling of a monetary system and bull market both of which are creaking from old age.

The days and weeks ahead should offer better insight to the overall direction of markets. Perhaps Trump's "America First" pledge means that US stocks will feel the brunt of the correction before the rest of the world gets on board. Deflation has reared its ugly head once again.

At The Close 1.30.17:
Dow: 19,971.13, -122.65 (-0.61%)
NASDAQ: 5,613.71, -47.07 (-0.83%)
S&P 500: 2,280.90, -13.79 (-0.60%)
NYSE Composite: 11,205.24, -77.95 (-0.69%)

Stocks Close Friday Flat Ending Wild Week As Trump's Immigration Ban May Kill The Rally

Stocks cautiously ended the first full week of the Donald Trump presidency just as Mr. Trump unveiled his most audacious edict via executive order, barring immigration from countries embroiled in the throes of radical Islam such as Syria, Iraq, Yemen and four others.

While market participants have been somewhat encouraged by a number of first-week moves made by the new president, the promised immigration shutdown may have more implication globally than anybody may have wished. Stocks finished mixed in a week which witness a number of new all-time highs, particularly the Dow, which surpassed and held above the 20,000 level for the first time ever.

At the Close 1.27.16:
Dow: 20,093.78, -7.13 (-0.04%)
NASDAQ: 5,660.78, +5.61 (0.10%)
S&P 500: 2,294.69, -1.99 (-0.09%)
NYSE Composite: 11,283.19, -29.93 (-0.26)

On the week, all major indices sported gains, led by the NASDAQ and Dow Industrials, though the ramifications from the immigration ban were yet to be fully appreciated. As markets set to open in the US on Monday, futures indicated a negative open while markets around the world were suffering significant losses despite China and Hong Kong markets being closed all week for the Lunar New Year holiday. The tenor of trading suggests that markets may not be going along for the protectionist ride that the Trump administration has in mind. "America First" may well turn out to be the death knell for globalization, but the results of such radical policy changes is sure to increase market volatility, which, to this point has been benign.

For the week:
Dow: +266.53 (+1.34%)
NASDAQ: +105.45 (+1.90%)
S&P 500: +23.38 (+1.03%)
NYSE Composite: +90.39 (+0.81%)

No Shortage Of Stupidity In The New USA

While many Americans are happy or relieved that the incoming president is going to be one Donald J.Trump rather than a Hillary R. Clinton, the level of stupidity and derision following the November 8 election cannot be underestimated nor easily dismissed.

Within hours of the election results being boomed around the world and drummed into the heads of the mainstream media (TV) pundits and nitwits, protests sprang forth in some large cities.The usual suspects were the main venues for these particular acts of organized convulsion. Los Angeles, San Francisco, Chicago, Portland, Philadelphia and New York City - all bastions of sanctuary for liberal mind-numbness and “gimme” passions - were singed with the callous chanting and protesting of the election results. Ostensibly, the protesters were recruited, rounded up and bussed into the streets by the monied interest of George Soros, the criminal billionaire who has helped fund the destruction of Europe and was intent on bringing the philosophical wrecking ball to the United States.

Additionally, spontaneous demonstrations of grief, loathing, fear, and discontent erupted upon college campuses, those former institutions learning which have devolved into self-pitying, protected safe spaces for all manner of moronic manifestations.

These protests and demonstrations lasted about a week and died a slow, painful death, the adherents of liberal ideology apparently content to wreak havoc for a little while, collect their pay and slide back into the slimy holes from which they came.

Of course, their positions atop the “we’re all gonna die” narrative were quickly taken up by far more qualified idiots in the television and newspaper media and their lap-dog, sound-horn political hacks, who commandeered the airwaves with threats to undo or, at least, minimize the Trump victory, making various noises and guttural moaning about the rights of illegal immigrants, women, minorities and whatever other simple-minded antithetical nonsense they could foist upon the not-so-unsuspecting viewing and reading public.

Andrew Cuomo, governor of New York, issued a proclamation and a new law (heaped upon the hundreds of other laws which are not enforceable and cannot and will not be enforced) guaranteeing that any illegal threatened with deportation by the federal government will have his or her or its legal bills attended to by the overtly generous and sublimely stupid state of New York.

Mayors across the country insisted that their little fiefdoms would remain sanctuary cities, in direct conflict with the laws of the federal government. Legislation was introduced in the congress to abolish the electoral college. And finally, the left, left, left hop-skip march of the Green Party - which is nothing more than an unofficial subsidiary of the now-defunct and discredited Democrat party - sauntered into the battleground states of Pennsylvania, Wisconsin, and Michigan, promising a full investigation and recount of the vote that went narrowly to Trump and bumped him over the electoral college hump.

And then, Hillary’s people chimed in, on queue, just in time for the Sunday political talk shows, saying snidely that they owed it to the people who voted for Hillary (note: no respect for those who voted for the actual winner, Trump) to ensure that the vote tally was accurate.

But, the public had been heard. Trump had won and the millions who voted for him and the millions who quietly supported him refused to listen, refused to be deterred, refused to be fooled again. No, governor Cuomo, we’re not paying our taxes so that you can appear the savior of the downtrodden at our expense. No, Hillary, your vote recount won’t amount to anything. No, George Soros. Go back to Hungary, you cretin.


It seemed that some sanity had finally emerged, until I ran across this little oddity on a Facebook page. The person upon whose page it was posted (and whose face I have conveniently erased at left) went to a Catholic grammar school, a Catholic high school and eventually went to work in the Human Resources department of a public school district. For the record, there's really no position more loathsome than one in Human Resources, aka HR. It's about as low on the job totem pole one can smoke and doing this kind of work for a public school system is like smoking dirt through a straw pipe. Anyhow, this is why the education system should be scrapped: because people like this are hauling down enormous salaries and pensions while inflicting the youth under their care to ill-informed, nonsensical, downright bad advice.

This woman is no more a Muslim than I am a green-eyed Martian. She was brought up in a middle class American home, schooled privately during her formative years and had all the privilege and pampering that suburban life for young, white girls offered. Apparently, college and a lifetime of servitude to a corrupt, derelict education system which favors mediocrity over success, conformity over individuality, and the dishonesty of the diversity chorus over actual learning, turned a normal American woman into a screeching, tongue-twisted, limpid half-wit with no more original thinking than the average 30-second TV commercial. And the woman next to her in the photo (whose face I also have blotted out... to protect the guilty, as it is) is likely thinking of how she’ll cut out the heart of this insipid infidel when the time is ripe.

Such is the level of stupidity in America.

H. L. Mencken, who coined the phrase, “Nobody ever went broke underestimating the intelligence of the American public,” is having convulsions in his grave.

While we’re on the subject of stupid, let’s look at solar technology. I recently had the opportunity to state my concerns and throw out some ideas about solar power on a local radio show (this part is for you, Bob).

Western states, especially those blessed with abundant sunshine, have built enormous solar farms which feed electricity into the grid and eventually into people’s homes. Some such plans have recently come to the attention to our local mob boss or governor, who wishes to have the state of New York take lands (probably under eminent domain) and turn them over to giant utility corporations in order to bring the solar energy collective to New York.

This is a canard designed to fool stupid people, of which there is no shortage in New York or anywhere else in this country. New York’s taxpayers are not as gullible or deep-pocketed as our countrymen out West. We’re tired of paying taxes and then paying again for subsidies to giant corporations. My advice on this radio show was for people to construct their own off-the-grid solar systems, at least partially offsetting the costs of centrally-distributed power.

Here’s how it goes. In most of New York, utility companies are allowed to assess a “customer charge,” a monthly stipend to the utility for the individual privilege of being a customer. There’s nothing more to it. It’s just an additional cost on your bill, sanctioned by our genius legislators, amounting to roughly $35 a month.

Considering that you’re going to stay on the gird for a number of years, that $35 a month becomes $420 a year and eventually, $4200 in ten years. Yes, $4200 just to be a sheep being sheared by the power company. If you took just that $4200 could easily purchase eight 250-watt solar panels at a cost of roughly $250 each (so, there’s $2000). An inverter, a voltage regulator, and a bank of four deep cycle batteries (which last 5-7 years, so they would have to be replaced at some point) should cost about $600-700. The solar panels have a useful life of twenty years, so, do the math (I know, it’s hard) and you’ll see how far ahead you could be.

Such a system can produce two kilowatts (that’s 2000 watts, son) of energy per hour on a sunny day. On average, upstate New Yorkers get about five hours of sun per day. On average. That’s important, because the sun doesn’t always shine (though modern solar panels can get some power from moonlight - it’s a modern marvel of technology). So, this setup will, on average, produce 10 kilowatt hours per day, or 300 Kwh per month. The average household uses somewhere between 400 and 800, but, being stupid, we waste a lot of that energy. Conservation (which is a derivative of conserve, just like conservative politics) is an important element in the quest to be not stupid, otherwise known as “smart.”

And because the sun doesn’t always shine, that’s why you’ll want four deep cycle batteries. They store the power you’re not using when the sun is shining. If the sun doesn’t shine for a few days, your batteries should have enough power to get you through, and then, when the sun shines again, they’ll recharge and store more power.

Thus, for the money most people are spending on just being a customer of a utility in New York, they could have their own electricity supplied from rooftop or ground  installed solar panels and still have money to spare. About $1500 over ten years. That’s not even taking into account the money these same people will be spending on electricity from the grid.

My advice is to forget the tax credits, the subsidies and tying into the grid. Construct your own solar system and keep it off the grid. The utilities don’t pay you nearly what they’re charging you for energy that you contribute back to the grid. Give the state of New York, the Public Service Commission, and the big utility company a robust middle finger, every month, month after month after month.

For those of you intimidated by electricity or solar technology or, for that matter, any technology, try it out for much less than the $2700 example cited above. Go to Harbor Freight and find the coupon or the monthly ad for the 45-watt solar panel kit. It should run between $129 and $179. It comes with all the wires, a voltage regulator, a couple of 12-volt lights (very cool), and instructions. You’ll also need at least one battery and an inverter (this turns DC electricity into AC). Those can be purchased at the same store. Anything from 400 watts to 1000 watts should work just fine.

The process is pretty simple and straightforward. A friend and I set this up and had power in under 20 minutes. It’s a plug-and-play system that probably any 15-year-old could set up and power up in the back yard. Use it in your garage, on your back porch or patio, for your camper, or for your shed. It’s fun, educational and a good first step before venturing into full-blown, off-the-grid freedom.

Oh, you say you need heat? Look into wood stoves, propane-powered or gas-powered generators and open up that little, collectivist mind for a bit.

Stupidity is one commodity that is free in America. That doesn’t mean you have to take the samples offered.