. . .
K “That is saying something. Spooky.”
J “I’ll say. Scary.”
. . .
K “The Federal Funds Rate is being raised more than I ever thought possible.”
J “The Federal Funds Rate is being raised more than I ever thought possible.”
. . .
K “Increasing the interest rate will do very little to reduce inflation because real inflation is about double the rate reported by the government. No one is suggesting that the Fed can raise rates to fifteen percent under any scenario. If the stock market and bond market are sacrificed, perhaps 30 percent of the population will be impacted. If the housing market is sacrificed, perhaps 67 percent of the population who own homes and another 9 percent who are now priced out of home ownership will be impacted.”
J “If the economy is sacrificed, perhaps 100 percent of the population will be impacted. While they are raising interest rates, money is being poured into the economy. Imagine a pump drawing water out of a pool and another pump dumping water into the pool.”
. . .
J “The PetroDollar is akin to the life blood of the United States body economic. The stock market, the bond market, the housing market and the economy are akin to the organs. The periphery is being sacrificed to protect the core. That is how an organism responds to threat and stress.”
K “The Federal Reserve is trying to staunch the bleeding. Without the PetroDollar, the US is not.”
. . .
K “World War E / World War III is not helping. The US must discipline if not destroy its economic colonies to protect itself. The UK, Germany, France and other colonies do not realize that they are the target. The vassals are the victims. The Euro and the pound sterling must be broken. They are being and will be broken. And then throw in the currencies of emerging markets that are being creamed.”
J “The US has to destroy the world village in order to save itself.”
. . .
K “The PetroDollar is backed by Fe and Pb not by Au or Ag. The US military has perpetuated the war against the world since 1945.”
J “And the Fed is taking up the sword.”
. . .
J “We shall see.”
K “We shall see.”
. . .
[See “Why financial approaches won’t fix the world’s economic problems this time” at Our Finite World dated October 18, 2022 by Gail Tverberg.]
[See recent April e-commentary at The Great Checkmate And The Great Seesaw: Interesting Rates (April 11, 2022), Interning For Clio: Collecting, Protecting And Preserving The Record (April 4, 2022), Is Inflation Inflating!?!? (April 26, 2021) and Covid-19 PanICdemic/Plague: Basically, Back To Basics: Finding Food; Printing Rutabagas. Happy Earth Day! (April 20, 2020).]
Bumper stickers of the week:
Costco Kirkland precooked bacon is $17.99
You can print money, but you cannot print rutabagas
My electric car is powered by dirty coal
The US has to destroy the world village in order to save itself
“Sheep spend their whole lives living in fear of the wolf only to be eaten by the shepherd.” Proverb
e-commentary 
Does Any Institution In America Function? Oh, And Happy Friday The 13th! (December 9, 2019)
Posted in Academia, Banks and Banking System, Congress, Democrats, Federal Courts, Federal Reserve, Institutions, Jurisprudence Award, Kleptocracy, Law, Medicine, MIC, MICAC, Military, MSM, Noble Prize in Jurisprudence, Pushitzer, Pushitzer Prize In Commentary, Republicans, Supreme Court on December 9, 2019 by e-commentary.org. . .
J “I need one more day.”
. . .
K “You don’t have to name three, just nominate one.”
J “One institution after the other after the other after the other after the other after the other after the other has failed and continues to fail. And that is even after lowering the standards to the point that the bar is on the floor. One more day, I need.”
. . .
K “The legal system at every level is a fraud and a racket. We live in a country with many, many, many rules and many, many, many laws, but we do not live in a country that believes in or adheres to the rule of law. There is no law, there is only ideology.”
J “The medical and health care / sick careless system is a racket and a fraud. I drive by the health insurance company skyscraper and reflect that not one person in the monolith has ever applied a band aid to a patient. There is no care, there is only profitability.”
. . .
K “The economic system is rigged at every step and turn to loot every last dollar from the people for the benefit of the Kleptocrats. What is the end game for the expendable consumers who soon will have nothing left to bleed?”
J “The MSM media is a wholly owned subsidiary of the Kleptocrats. The message is tightly controlled by obedient droves of stenographers. As a first step, everyone should skip ‘The Wall Street Journal’ and jump over to ‘Wall Street On Parade’ produced by Pam Martens and Russ Martens.”
K “Academia is a substantially owned subsidiary of the Kleptocrats. The message on the critical issues is also controlled and shaped by the corporate sponsors. The campus buildings are all named for brigands; their kids and grandkids are admitted to skip the classes conducted in the namesake halls. The hallowed halls are hollow holes. The MIC is now expanded to include Congress and Academia in the MICAC.”
. . .
K “Every agency from the Federal Aviation Administration (FAA) to the Federal Maritime Commission (FMC) – in the air and on the sea – is corrupt and incompetent. Regulatory capture exists at just about every regulatory agency.”
J “Furlough the ‘L’ out of the Bureau of Labor Statistics (B“L”S). To determine the real rates of unemployment, a citizen must search in the shadows at “Shadow Government Statistics” prepared and analyzed by the dedicated and informed John Williams.”
K “And then there is the Federal Reserve. Probably no other institution, less one and perhaps two, has inflicted more grief and despair on the ordinary citizen with less publicity and notoriety than the Federal Reserve.”
J “And related agencies such as the Securities And Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Federal Deposit Insurance Corporation (FDIC) are pernicious because they fool the citizen into believing that someone is watching out for him or her.”
K “And the Department of Defense (DoD) exists primarily to spend money, drop bombs, and kill people but not to provide for the common defense.”
. . .
J “The CIA and the FBI are a threat to every citizen at home and abroad and now may be affiliated with and advancing the interests of one political party.”
K “The police in every burg and borough are paramilitary forces occupying the city and the county and the country. Very few understand that the real Occupy movement in America grinds on.”
. . .
K “Even many of the vaunted NGOs (Non-Governmental Organizations) surreptitiously serve the government’s interests. The Organisation for the Prohibition of Chemical Weapons (OPCW) is a front for the MICAC and shielded by the MSM that advances the propaganda.”
. . .
J “Local EMTs and fire departments are generally contributing to the public good.”
. . .
J “The National Credit Union Administration (NCUA) is a credit worthy institution administering its duties dutifully.”
K “Despite unrelenting opposition from the White House, Republicans and industry, the Environmental Protection Agency (EPA) is doing what it can to reduce the plundering and the pummeling of the Planet.”
. . .
K “The ACLU is fighting the good fight.”
J “Planned Parenthood is improving our plight.”
. . .
[See “Journalist: Newsweek Suppressed OPCW Scandal And Threatened Me With Legal Action” and other articles in “caitlinjohnstone.com” by Caitlin Johnstone, the 2019 recipient of the Pushitzer Prize In Commentary, dated December 8, 2019 and the discussion of e-con-omics in “Against Economics” in “The New York Review of Books” by David Graeber dated December 5, 2019.]
[See the e-commentary at “Here Comes Da Judge; Dere Goes Da Justice (August 31, 2015)”, “The FBI File: The American Imprimatur Of Success (January 18, 2016)”, “Suing Law Schools; Suing Gun Makers. Oh, And Happy Law Day! (April 30, 2018)” and “Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016)”.]
Bumper stickers of the week:
“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.” Eric Hoffer
America is a racket not a republic.
“If the misery of the poor not be caused by the laws of nature, but by our institutions, great is our sin.” Charles Darwin
There is nothing you can do to make any material change of any kind in any way today.
“Start where you are. Use what you have. Do what you can.” Arthur Ashe
Leave a comment »