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Sanctions, Supply Chains And World War E (March 7, 2022)

Posted in Covid / Coronavirus, Inflation, Kleptocracy, Markets, Russia, Sanctions on March 7, 2022 by e-commentary.org

. . .

K “Seems like ten years ago, not two years ago.”

J “It was ten years ago. Covid time.”

K “In mid-February way back then, we were terrified that it was as virulent as a Hantavirus and more terrified that the rest of the public was oblivious to the threat. The threats to the supply chains were obvious to only a few.”

. . .

K “Two years ago they said that we needed two weeks to ‘flatten the curve’ but never said that they would take two years to ‘flatten the economy’ and transfer wealth to the wealthy and undermine small and independently owned businesses.”

J “They launched ‘helicopter money’ that dropped a dollar to the plebs for every hundred thousand dollars delivered to the Kleptocrats. What an experiment. We as a society tried wage and price controls in 1971 and helicopter money in 2021-2022. Inflation is no surprise; inflation is the consequence.”

. . .

K “Biden and Putin agree. Biden plans to boycott Russian oil and gas that is desperately needed in Germany and the West; Russia agrees not to provide the much needed oil and gas to Germany and the West. As dad would say, Biden is cutting off Europe’s nose to spite Europe’s face and Putin is providing the scalpel.”

J “Oil is life. Turning off and turning down the oil wells will not turn out well.”

. . .

K “Biden’s decision to cut off the Russian central bank’s access to most of its $630 billion of foreign reserves is a desperate and frightening move. Once again, the United States weaponized the monetary system and issued a formal declaration of ‘World War E’ against Russia. The rest of the world knows one truth – No one can trust the United States. There is nothing more important or precious than trust. Mark my words, there will be a new economic order that is fundamentally different than the current machinations.”

J “I tell you, for those of us on the outside, the early tell is when the manipulated paper gold price results in few sellers of gold and then a huge chasm between the manipulated price and the actual selling price between a willing seller and a willing buyer.”

. . .

J “Someone said that Russia holds 90% of the world’s neon that is critical for lasers and semiconductor manufacturing, 40% of palladium that is necessary for catalytic converters and 35% to 40% of Boeing’s titanium and over 50% of Airbus’s titanium. And then there is platinum and there is aluminum and there is rhodium.”

K “From what I read, Europe imports 28% of their oil and 40% of their natural gas from Russia. The U.S. is not happy with that reality yet cannot meet the demand. So the U.S. tells the Europeans to freeze. In the dark. That will play well in Potsdam.”

. . .

K “The move from the factory to the farm is as disquieting. In high school, they described the Ukraine as the breadbasket of what was then the USSR.”

J “We always flow back to oil. Oil is life; food is just oil reconstituted in another form. Someone observed that Russia and Ukraine account for 30% of the global wheat trade, 20% of the corn, 80% of the sunflower-oil exports and 12% of all calories traded globally. And they provide fertilizer to grow the products. Without fertilizer, farmers will not plant. The inescapable problem is that a car plant can be closed or opened at any time of the year, but a carrot must be planted at a specific time of the year governed by Gaia not by the government. The times to plant have passed and are passing. You cannot plant yesterday.”

. . .

K “You reap what you sow. We are not sowing.”

J “We are so in trouble.”

. . .

[See “If Russian Currency Reserves Aren’t Really Money, the World Is in for a Shock” dated March 3, 2022 by Jon Sindreu in the “Wall Street Journal”.]

[See the e-commentary at Covid-19: BAU v. BAU (February 24, 2020), Covid-19 PanICdemic/Plague: Basically, Back To Basics: Finding Food; Printing Rutabagas. Happy Earth Day! (April 20, 2020), Is Inflation Inflating!?!? (April 26, 2021) and Careening Toward A Global Totalitarian Authoritarian Behemoth? And Then There Is The Fed’s Self-Inflicted Great Checkmate. (January 3, 2022).]

Bumper stickers of the week:

“Control oil and you control nations; control food and you control the people.” Henry Kissinger

Two is one; one is none; none is none.

Socio-politico-economic experiments: 1971: Wage and Price Controls; 2020 – 21: Helicopter Money

“Whatsoever a man soweth, that shall he also reap.” Galatians 6:7

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“Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016)” Four Years Later (October 26, 2020)

Posted in Book Reference, Kleptocracy on October 25, 2020 by e-commentary.org

. . .

K “Add Biden, Inc. to the mix. The Bideni gang rides again.”

J “Over six years ago it was clear that the sons of the Ruling Class like Kerry-Heinz and Biden were positioned and poised to make a killing. No matter how things stay the same, they stay the same.”

. . .

K “Professor G. William Domhoff’s classic examination of power in America, Who Rules America?, revisited and explored observations developed earlier by Professor C. Wright Mills in his seminal The Power Elite. I read Mills in high school and Domhoff in college. Now there is Professor Peter Phillips who has written Giants, Who Really Rules The World? and refines and updates the analysis.”

J “Phillips in the graduate school of life. His division of the new “Global Power Elite” into four sections includes four archetypes: 1) Managers (i.e., the financial elite), 2) Facilitators (i.e., bureaucrats and policy planners), 3) Protectors (i.e., military-intelligence apparatus of power), and 4) Ideologists (i.e., public-relations operatives and propagandists) is frighteningly insightful. An inquiry into the absolute domination of the powerful over the powerless. To continue the tradition, he may need to add an initial to his name . . . say Professor P. Peter Phillips.”

. . .

K “That uneasy feeling in late October 2016 manifested itself in the political surprise of our lifetime.”

J “I’m still uneasy.”

. . .

[See the e-commentary at “Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016)”, “Impeachment Imbroglio. Oh, And Happy Saint Nicholas Day! (December 2, 2019)” and “World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014)”.]

Bumper sticker of the week:

And the beating goes on

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Covid-19 PanICdemic/Plague: Now What?! Make Masks Great Again (June 15, 2020)

Posted in Covid / Coronavirus, Kleptocracy, Public Health, Schooling on June 15, 2020 by e-commentary.org

. . .

K “Too many of the protests degenerated into riots. Who provided the bricks? Provocateurs provoking tensions for their own agenda? Protestors with a nefarious plan unconnected with engendering racial harmony?”

J “A single brick too often is used to destroy a collection of bricks that serve the collective. Once a brick goes through a window, the building is usually broken.”

. . .

K “In 2008, it was illiquidity, so they added liquidity. Now it is insolvency, so they add . . . liquidity. A flood has overwhelmed the town, so the FRFD comes to the rescue and turns all the water hoses on the town.”

J “The Federal Reserve Fire Department is contributing to the flood while filling the swimming pools of the Kleptocrats and providing them with the money to build bigger pools. They are all wet. It will not end well.”

. . .

K “Futball players are returning to the grid iron and may need to rethink the ‘full contact, two a day, with pads’ regimen and instead institute ‘six feet apart, one a day, with masks’ to keep the kids alive.”

J “Once the kids are there, it is their problem. It could be a doozy.”

. . .

K “Those in power are terrified that hydroxychloroquine or chloroquine with azithromycin and zinc is an effective prophylactic and a treatment, so it is banned. The grand obscene irony is the world will know in less than a year. Those who want to know now, now know. A crime against humanity, possibly?”

J “The real crime is the refusal to undertake a valid scientific test. To date, the tests by my colleagues have been premeditated frauds. At this time, I reserve final judgment.”

. . .

J “You shouldn’t get your medical advice from television ads . . . or the NYT.”

K “And any advice from the World Health Organization (WHO), the Center for Disease Control and Prevention (CDC), the National Institute of Health (NIH), the American Medical Association (AMA), President Trumpi, the Surgeon General, Anthony Fauci, the Main Stream Media (MSM), Corporate News Network (CNN), Faux News (Fox), Big Pharma (BG), etc. also should be consumed cum grano salis and perhaps not BID.”

. . .

[See “Coronavirus To Decimate Colleges and Universities” by Yves Smith in “Naked Capitalism” dated May 12, 2020.]

Bumper stickers of the week:

Make masks great again

The relaxation of isolation rules does not mean the Plague is over. It means they currently have a bunk for you in the ICU.

Wearing a mask outside makes about as much sense to me as wearing rubbers in the rain.

Covid-19(84)

You shouldn’t get your medical advice from television ads . . . or the NYT.

Wash; mask; space

“The current mitigation measures, such as social distancing, quarantine, and isolation implemented in the United States, are insufficient by themselves in protecting the public. Our analysis reveals that the difference with and without mandated face covering represents the determinant in shaping the trends of the pandemic worldwide. We conclude that wearing of face masks in public corresponds to the most effective means to prevent interhuman transmission, and this inexpensive practice, in conjunction with extensive testing, quarantine, and contact tracking, poses the most probable fighting opportunity to stop the COVID-19 pandemic, prior to the development of a vaccine.”

“Identifying airborne transmission as the dominant route for the spread of COVID-19” in the Proceedings of the National Academy of Sciences of the United States of America by multiple authors dated June 10, 2020.

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Covid-19 PanICdemic/Plague: Rioters / Protestors: Too Much Noise / Too Little Signal (June 8, 2020)

Posted in Covid / Coronavirus, Kleptocracy, Occupy Movement, Police on June 8, 2020 by e-commentary.org

. . .

K “I have said for weeks the most devastating rioting and looting has been taking place in the suites in New York and DC not in the streets of Denver and Detroit.”

J “I hear you. It will not stop. Last year as I recall around September 17, 2019, eight years to the day after the emergence of the Occupy Movement, the economy was heading into another major collapse. And once again, the Federal Reserve stepped in and gave away billions via its repo purchases. That was not enough. Covid was and is a godsend for the Kleptocrats because it graciously provided cover and allowed the Federal Reserve to step in and give away trillions. It just will not stop.”

. . .

J “Being cooped up has also led many folks to fly the coop. The legitimate and the undigested anger were unleashed, but the rage is unfocused. The protestors are protesting about something more and something even the reflective ones would admit is difficult to describe.”

K “I’m with you. So much is wrong, yet too much has been needlessly destroyed. So many of the hard-working business owners already confronted too many challenges and now likely will quit the market.”

. . .

K “So now the statues have been beheaded, drowned, defaced, dethroned, destroyed and demolished rather than being properly displayed. I still maintain that all the Confederate and genuinely offending statues should be removed from their public perch and carefully moved to museums and displayed with an explanatory historical text.”

J “The statues should have been removed by reasonable minded politicians long ago. The public has had it and did it for them. The public needs to do things for themselves.”

. . .

J “We need to rename a dozen military bases currently named for domestic terrorists. What heroes should we celebrate to replace Fort Benning and Fort Bragg?”

K “Fort E. Shinseki and Fort S. Butler, although Fort. S. Butler really should be a Marine base. Or the new name for the Pentagon.”

. . .

K “So much energy is being misdirected. The rage and the energy must be directed at the Kleptocrats not just the cops who are doing their bidding.”

J “The cops also must decide if they are with the power or with the people.”

. . .

[See the e-commentary at “Charlottesville . . . Chancellorsville? (August 14, 2017)” “Rerouting History (February 15, 2016)”, “The Confederate Flag: What Does It Mean To You? (July 6, 2015)”, “Celebrate Virginia’s ‘Celebrate Slavery Month’ (April 12, 2010)”, “King Daze (January 20, 2014)”, “Dixie Visited (September 17, 2012)”, “Brown Is The New Black (February 18, 2008)” and “Columbus And The Redskins (October 14, 2013)”.]

Bumper stickers of the week:

No justice, no peace

Remove the statues; end the idolatry

Smedley Butler Pentagon

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Covid-19 PanICdemic/Plague: TSD/PTSD In The New Plague War. A New Civilian Conservation Corps (CCC)? (April 27, 2020)

Posted in Blue States / Red States, Covid / Coronavirus, Kleptocracy, Medicine, Public Health on April 27, 2020 by e-commentary.org

. . .

K “We are in the halcyon days of the Plague.”

J “That is what I fear.”

. . .

K “First responders and healthcare workers are taking over from the military as the new heroes in America.”

J “In the near future, the RNs and the MDs and the EMTs will be allowed to board planes before others board. Although we will not be boarding as often.”

. . .

K “They will board the planes that you and I personally bailed out after the owners looted and plundered the companies and bailed on ordinary Americans.”

J “The Kleptocracy never sleeps. The Kleptocracy is far more virulent and a much greater threat than the Virus. I suffer from ongoing Traumatic Stress Disorder (TSD) and carom between being outraged and being enraged at another carefully planned economic coup d’état. They are already organizing and planning the 2030 economic coup d’état.”

. . .

J “In this War on the Plague, the RNs and the MDs and the EMTs are suffering and will suffer the same PTSD that the PFCs and the CPOs and the NCOs suffer.”

K “In most shooting wars, there are a few minutes of intense activity followed by hours or days or weeks of boredom. For the First responders and healthcare workers there were and are hours and days and weeks of intense and unrelenting activity followed by a few moments of sleepless respite and restless rest. They too are now suffering the TSD you talk about in real time.”

J “The source and nature of the PTSD is quite different. When most members of the military later have an opportunity to reflect on the designated enemy, they realize and acknowledge that they had no quarrel with the designated enemy. They were killing innocent kids on behalf of nefarious corporations. That realization creates even more confusion, frustration, outrage, anger and often self-destructive behavior. However, there is nothing benign about a Virus that is not burdened with a conscience and does what it is designed to do . . . to maim and kill you. This Enemy is the acknowledged Enemy of humanity.”

K “Both groups also have one experience in common. The ordinary grunts in the military were lied to and betrayed by those in political power and directly by the REMFs. The RNs and the MDs and the EMTs in the Plague War were and are lied to and betrayed by those in power such as the CDC, the WHO, the MSM, the Surgeon General and so many others in power. The ‘Plague of Lies’ still plagues us in the ‘War on the Plague’ that will haunt us for years.”

J “For many health care professionals, the PTSD in large part is regret which is so corrosive and destructive. In the past, I have interrogated myself many times wondering if I could have done more. They are also realizing that the treatment protocols they did not establish but implemented in the best of faith were at times wrong, incomplete or inadequate.”

. . .

J “In the larger population, everyone must deal with ravaged and devastated psyches. A woman who disregarded my advice in early February to buy and use one mask today and save 500 masks tomorrow resorted to and repeated the government lie. She flashed on contemporary ‘virtue signaling’ and proclaimed that the masks do not work and should be given to health care workers. No, wear one. However, if she is self-aware and if the thought ever dawns on her that she is using a lie to lie to herself and to lie to others, the psychological damage is compounded.”

K “Someone in February said the idea that this flu is anything more than the sniffles is a ‘stupid’ fool. He will find fifty different ways to rationalize his position until the day he departs the planet.”

. . .

J “There are at least three truths that are debilitating if not devastating. I must talk myself to sleep. First, there has never been a vaccine for any coronavirus including for the common cold despite tremendous efforts to find one. Second, the world record for finding a vaccine is four years for measles after a concerted effort by dedicated and hard-working scientists toiling day and night to find a vaccine. Third, the Plague seems to be mutating regularly which makes it a moving target to hit. Oh, and fourth, add the emerging concern that any natural immunity may only be temporary which is related to three.”

K “Fifth, and never forget that man had a hand in creating the Virus and designed it to elude a vaccine. If we are not honest about its origin, we will never find a solution. Sixth, any vaccine is likely to have more side effects than a natural or existing remedy. And seventh, never forget that Big Pharma is concerned first with profit and will create a vaccine only if there is a profit and will attack any possible remedy that it does not control and market.”

J “There is all that. These thoughts whirring around keep me from sleeping and then when I do nod off they awake me.”

. . .

K “We disagree about what I facetiously describe as the ‘Trumpi Trifecta’ that may work if given at the right time in the right proportions to the right individuals who have been screened for some concerns.”

J “In the land of the red, white and blue, we now have ‘red state medicine’ and ‘blue state medicine’ to guide us. States have been described as laboratories of policy and are now petri dishes of competing protocols.”

K “As a nation, we will obtain results from South Dakota and Utah and other states and countries. We must decide which is the ‘red pill’ and which is the ‘blue pill’ in a world where just about everyone is lying to us about what is going on and which pill we should pop. Taking the wrong pill has consequences. Those who prescribe the wrong pill will be able to confabulate enough rationalizations to stumble through their lives.”

J “We do agree that each of us should take ionophores that are available in green tea and yellow onions and other sources and then allow zinc with an appropriate copper chaser to flood the cells.”

K “Go natural. I am convinced that plant-based general pathogen destroyers and existing remedies will be the only viable treatments and solutions.”

. . .

K “The country needs to keep its minds occupied and its hands busy. The country needs to establish a new version of the Civilian Conservation Corps (CCC). The kids cannot safely go back to colleges and universities this Fall. This is the break and the opportunity for the kids to take a break in the assembly line of life and undertake productive social work on the nation’s infrastructure for a livable wage. The older participants can provide experience and perspective.”

J “Almost everyone wants a hand but not a hand out. Many folks may state that they hate their job, but they want to have a job to hate. I cannot imagine a more important government program at this time.”

. . .

[See “First the People” in “Epsilon Theory” dated March 23, 2020 by Rusty Guinn.]

[See the e-commentary almost fourteen years ago at “The Residue of Unrelenting Fear: PTSD Afflicts The Populace (August 28, 2006)” and “Civil War II. Coming To A Country Near You (November 26, 2018)”.]

Bumper stickers of the week:

“In war, truth is the first casualty.” attributed to Greek writer/poet Aeschylus (525 BC – 456 BC)

Idle hands are the devil’s workshop

Create the CCC (Civilian Conservation Corps)

Plant a garden

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Covid-19 PanICdemic: ‘Virus Trumpius’ Is Virulent And Traumatic (March 23, 2020)

Posted in Covid / Coronavirus, Kleptocracy on March 23, 2020 by e-commentary.org

. . .

J “History and epidemiology will refer to the Virus via the Latin phrase ‘Virus Trumpius’ because it was enabled and exacerbated during the reign of the 45^th President.”

K “Alleging that the Virus was ‘Made in China’ is not completely accurate because it was assembled in China but likely used parts manufactured in the West.”

J “Trumpi could have imposed a timely tariff on it in February and significantly truncated its impact.”

. . .

K “The message from the authorities was puny and the response from the public was puerile. The populace needs to participate and not always look to the government for help.”

J “A number of friends still buy and sell the ‘It’s just the flu’ meme. They have not thought that Nature is thoughtless and indifferent to their opinion and their plight.”

. . .

K “You know that the President and the government and the non-governmental agencies are lying at just about every opportunity to cover for their delay or ineptitude, but the vexing problem is that the exact opposite of what the government is saying is not always the precise truth. And everything is still moving at warp speed.”

J “And the response is always two weeks behind. The strategy should be to get two weeks ahead. The ‘Fortnight Folly’ plagues the response every week and every day and every hour and every minute.”

. . .

J “The real threat is lost in the discussions of hand washing and social distancing. The droplets drop to the ground. The tinier airborne aerosolized particles float in the air and contact far more people in a wider area for a longer period of time. The real threat is that the virus is spread by these tiny aerosol particles that sail through the body’s gauntlet of defense mechanisms, settle in the bottom of the lungs and drown someone from the inside.”

K “I heard that at a dinner party last Thursday, the seats were spaced another foot apart and everyone had fun practicing social distancing by keeping one yard between attendees. That is problematic.”

. . .

J “One part broke which shut down the entire machine and the entire operation. The part is complex, proprietary and sourced only from one country. They are trying to find a weekend gunsmith who might be able to lathe the piece or someone in the Maker community to craft a replacement.”

K “One coffee grinder at Costco broke down ten day ago and the other one broke down on Wednesday. There is no ETA for the parts.”

J “The water utility system is a combination of old infrastructure with few available replacement parts interfacing with new technology operated by only a few techs who understand how it works and interfaces. No parts, no people, yes problem.”

. . .

K “When you live in a Kleptocracy, private wealth is at the top of the list and public health is at the bottom of the list.”

J “And now we all pay for it. The Kleptocrats are conspiring with the Republicans to exploit the opportunity to loot the Treasury and the Federal Reserve.”

. . .

K “All the politicos are saying is that they need to push on a rope. One party says they need a bigger rope. The other party says they need to push harder on the rope. Either approach is doomed to failure. They can print money, but they cannot print products. Stabilizing the economy is the only viable solution, but just giving money is inadequate.”

J “The government can put money in their pockets, but it cannot put protein in their bellies. If money is injected into the economy, more dollars will chase the few available products.”

. . .

K “Their sewing society took the plans and sewed face masks at home. All the women dropped everything to become the ‘Betsy Ross Bandanna Brigade’ of Smalltownville, America.”

J “She used an old pillow case to make a prototype that can be laundered. However, they need to be made and made available in much greater quantities that can only be accomplished in factories.”

. . .

J “I’m not even a lawyer, but everyone knows that it is illegal and immoral to shout ‘fire’ in a theater if the speaker knows there is no fire in the theater. One word could cause panic and pandemonium and possibly personal injury. It is both illegal and criminal to shout ‘no fire’ in a theater when the speaker knows there is a fire in the theater and the theater goers will heed their advice and not act to protect themselves. The Fox Faux journalists should be indicted.”

K “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. No one in power or with powerful friends will ever be even indicted for intentionally misleading the public and sentencing thousands of gullible citizens to their death with only a few sentences.”

. . .

K “Last week I noticed for the first time the ‘Great Disconnect’ between the ‘spot price’ for ‘paper precious metals’ and the ‘real price’ for ‘physical precious metals’ as assessed by SD Bullion. The ‘spot price’ is $13.26 an ounce and the ‘real price’ is ten dollars more at $23.26 an ounce for ‘junk silver’ that is largely U.S. coins minted before 1965. A real market is emerging in a country with no real free markets.”

J “$1663 for $100 face value divided by 71.5 ounces. There is so much going on that the manipulators are overwhelmed and lost control. The monetary reset is slowly taking shape. The financial system is fizzling and will soon fail.”

. . .

K “I am looking for something other than a malignant explanation for Tulsi Gabbard’s decision to quit the race which is understandable and then her decision to endorse Biden which is deplorable.”

J “Cui bono?”

. . .

J “They are alleged to offer some hope but are dangerous if taken incorrectly. Stay tuned.”

K “Think thalidomide. That came too close to home. The science may advance in the next while, yet definite safety and efficacy conclusions may be elusive. Staying tuned.”

. . .

K “Some of the babblers seem to believe that the country faces a choice and does not need to close non-essential services. They can send the wait staff home today or they can receive calls in a few weeks that their maître d’, their sommelier, their chef, their prep cook and their wait staff are down and possibly out. If there is only one option, there is not a choice.”

J “Complete lock down nationwide. Nothing less. Get two weeks ahead today. Revisit the lock down in a fortnight.”

. . .

[See “Why Telling People They Don’t Need Masks Backfired: To help manage the shortage, the authorities sent a message that made them untrustworthy” in “The New York Times” dated March 17, 2020 by Zeynep Tufekci; the essay and many pained and painful comments in “The S*** Is Actually Hitting the Fan But Somehow It Doesn’t Feel Real” dated March 14, 2020 in “The Organic Prepper” by Daisy Luther; and the article on the treasonous and criminal behavior of Senators Richard Burr (R-N.C.) and Kelly Loeffler (R-Ga.) in “Senator Richard Burr Sold a Fortune in Stocks as G.O.P. Played Down Coronavirus Threat” in “The New York Times” dated March 20, 2020 by Eric Lipton and Nicholas Fandos. Senators Dianne Feinstein (D-Calif.), James Inhofe (R-Okla.) and David Perdue (R-Ga.) also undertook transactions based on inside information.]

Bumper stickers of the week:

Civil Libertarian(s) for the (hopefully short-term) Lock Down

Two is one; one is none.

“Kings play the fool, and the people suffer for it.” Horace

Got a letter that says I’m an essential employee and a paycheck that says I’m not

STFH: Stay Home

STFH or the SHTF

One person is currently presiding over the greatest crime against humanity in the history of humankind. Do the math. Think about it.

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Seeing 2020: Federal Reserve Logic: QE =/= QE. Print, Lie, Print, Lie, Print, Lie. The Great Financial Coup D’état Rages On. (January 6, 2020)

Posted in Banks and Banking System, Federal Reserve, Interest Rates, Kleptocracy, Repurchase Agreement on January 6, 2020 by e-commentary.org

. . .

K “A year ago, Federal Reserve Chairman Powell repudiated a noble but doomed experiment. After he raised interest rates in an effort to reach a normal, rational and traditional level, he and many others realized that interest rates can never ever ever ever ever be raised again and must be reduced to zero or less than zero to avoid financial collapse.”

J “On January 30, as I recall, Powell relented because the Federal Reserve realized that the economic and financial system was again on the edge of collapse. On September 17, as I recall, when the Federal Reserve again recognized that collapse was immanent, it opened up the coffers via the overnight repurchase market and shoveled free money to the banks and hedge funds. And the free money is still flowing freely.”

. . .

K “The entire financial and the political system is built on a deep and abiding faith in and reliance upon distrust. Everyone in the banking and hedge fund world possesses enough self-awareness to know that she and he are corrupt and dishonest to the core. And everyone in the banking and hedge fund world knows that the others in the banking and hedge fund world are corrupt and dishonest to the core. Perfect knowledge in a world of otherwise imperfect knowledge. Profound and well-founded distrust undergirds all decisions.”

J “Actions and behavior are predictable, if one seeks to predict actions and behavior. No banker or hedge funder wants to lend to another banker or hedge funder because each if given half an opportunity will not pay the money back. Thus, they simply steal the money that is given freely by the Federal Reserve. And the free money is still flowing freely.”

. . .

K “Now going on a dozen years, the Great Financial Coup D’état rages on and on and on.”

J “And on and on and on and on and on without public input or congressional approval or MSM comment. And the free money is still flowing freely.”

. . .

J “Print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print. print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, and then rinse and repeat.”

K “And then lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie and then rinse and repeat.”

. . .

[See the incisive and insightful commentary in “Wall Street On Parade” researched and written by Pam Martens and Russ Martens; David B. Collum, the other Dave who provides a review of the events of the departing year, delivers his written “2019 Year in Review” in two parts and a podcast titled “Pandemonium” in his own inimitable way available at Peak Prosperity.]

[See the e-commentary at “Quantitative Easing = Money Printing (January 19, 2015)” published five years ago discussing the ongoing Quantitative Easing currently in overdrive and part of the Second Great Bank Bailout taking place without public input, congressional approval or MSM comment; “Coups d’état, Bail Outs And Bail Ins: Clio’s Diary/Chronology. Oh, And Happy Constitution Day! (September 17, 2018)” published on the ten year anniversary of the Great Financial Coup D’état; and “Twenty Sixteen (January 4, 2016)” published four years ago at the dawn of the year on the prospects for economic collapse in the near future.]

Bumper stickers of the week:

Print, baby, print

Lie, baby, lie

Not all debt is repaid, but all debt is paid

And the free money is still flowing freely

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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

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Forfeiting Forfeiture (March 4, 2019)

Posted in Constitution, Drugs, Eighth Amendment, Forfeiture, Fourteenth Amendment, Kleptocracy, Supreme Court on March 4, 2019 by e-commentary.org

. . .

K “In one case, the police had absolutely no interest in arresting the criminal activity and instead focused all their efforts on stealing an apartment building from a widow on the grounds that she should have known that there was drug activity in an apartment. The widow alerted the police because of concerns that there appeared to be drug activity in some apartment. The police alleged that privacy concerns purportedly prevented them from sharing any information that would have allowed her to identify and evict the allegedly offending tenant. The police pulled off the scam and used the forfeiture laws to steal and sell the apartment building for their own profit. Unreal.”

J “How about a memorandum of understanding among multiple police agencies providing that the first member of a department to touch the airplane carrying the drugs would get the airplane in the forfeiture action. When the word went out over the radio to make the bust, each department dispatched its fastest sprinter to fly across the tarmac to make first contact with the aircraft. Surreal.”

K “When you dwell in a Kleptocracy, you should expect kleptocratic behavior at every level. Real.”

. . .

K “The people really did win.”

J “The government really did not lose.”

K “The Constitution really did win.”

. . .

[See “Supreme Court Limits Police Power to Seize Private Property” in “The New York Times” by Adam Liptak and Shaila Dewan dated February 20, 2019.]

[See the e-commentary at “Police Police (November 24, 2014)”.]

Bumper stickers of the week:

Police Police [But do not stick on your bumper!]

Support your local police [Aspirational!]

Happy International Women’s Day

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Economic Nuremberg Trials? The War On Economic Terrorism. Oh, And Happy Solstice! (June 25, 2018)

Posted in Collapse, Democrats, Kleptocracy, Republicans, Rule of Law, War and Wall Street Party on June 25, 2018 by e-commentary.org

. . .

K “The victors prosecute war crimes against the vanquished. When he had extra ordinance after a mission, Chuck Yeager followed orders and strafed innocent German civilians on the way back to the air base. He later commented that he counted on America winning the war so that there would be no untoward consequences. In America today, the economic criminals are given carte blanche to commit crimes without consequence.”

J “They are free to strafe the public. ‘Economic Terrorism’ is the problem and the crime. We the people are the vanquished, but if we are ever victorious we need to conduct public trials. The Republicans are owned lock, stock and sinker by the financial interests; the Democrats are owned hook, line and barrel by the financial interests. Neither party will ever hold those who commit economic terrorism accountable.”

K “The ‘Economic Nuremberg Trials’ are the only answer. The political system is too corrupt to offer recourse. The legal system is too corrupt to offer recourse. The only way there will be change is if the change is demanded and pursued by the populace.”

. . .

K “Look. Listen. The public is restless and restive. And may not continue to rest. A restless friend remarked that the lights may not work in the near future, but the light posts will always work.”

J “A co-worker says he regularly sharpens his semi-automatic pitch fork.”

K “When the Collapse comes, there will be little public appetite to conduct something as dainty as a trial for the brigands who circumvented the rules and the laws and the rule of law in a country without the rule of law.”

. . .

J “The grievances are percolating and festering, but too many are avoiding and opioiding. At this time, the anger and the outrage are being directed inward not outward.”

K “The populace is just barely getting by economically and psychologically. God bless them, but they do not have the understanding, the fortitude, the energy or the courage to get behind the effort to combine due process and justice in a country without due process or justice.”

J “When you get right down to it, the people are dispirited and defeated. Nothing will be done.”

K “Broken and broke.”

J “But the truth and justice thing sure was a good idea while it lasted.”

. . .

[See the e-commentary at “The Residue of Unrelenting Fear: PTSD Afflicts The Populace (August 28, 2006)”, “1000 AUSAs (February 9, 2009)”, “Close the Harvard Business School (February 23, 2009)”, “On The Digital Revolution (March 22, 2010)”, “High-Frequency Trading = Cybercrime (June 5, 2015)”, “The Court Of Truth And Justice (CTJ) (August 29, 2016)”, “Assigning Blame: The Lawyers: 50 Percent; The Non-Lawyer Public: 50 Percent; The Judges: 100 Percent (December 3, 2012)” and “Perjury, the American Way (February 20, 2006)”.]

Bumper stickers of the week:

You show me a great fortune; I show you a great crime.

“Those who make peaceful revolution [resolution] impossible will make violent revolution inevitable.” John F. Kennedy (Ted could have polished/improved/cadenced the statement by saying “peaceful resolution” rather than “peaceful revolution”.)

“I hold it that a little rebellion, now and then, is a good thing.” Thomas Jefferson

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.

You cannot get out of bed in the morning without violating some section of title 18 of the United States Code, the federal criminal code. In fact, and as a matter of law, you cannot stay in bed in the morning without violating some section of title 18 of the United States Code, the federal criminal code. In practice, the United States is a system of men not laws because men and women opt from the panoply of laws that punish all behavior and decide who is and who is not imprisoned.

There is no law. There is only ideology.

Let’s call a truce in the war on drugs, on poverty, on women, on blacks, on browns and start a war on economic terrorism.

When the mountain calls, don’t let it go to voice mail

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