Federal Reserve

Another good one from Marine Greg.  As you read this, remember a couple of things. One is the economic definition of inflation in layman’s terms: “Too much money chasing too few goods.” And secondly, one of the truisms I learned in Econ 101 is: Put five Economists in a room and ask them a question, and you will get six answers, all different. Why is that? Because Economics is a social science, not a hard science

 

A Binging Pivot                                                                      By: Greg Maresca

It was one of the most anticipated announcements of Joe Biden’s presidency that was nearly on par with him dropping out of the presidential race and fading to irrelevance.

For the first time since 2020, the Federal Reserve cut interest rates by half a percentage point making the range between 4.75% and 5% with anticipation of more to come.

“The U.S. economy is basically fine,” claimed the chairman of the Federal Reserve, Jerome Powell, who made the cut regardless and seemed unconvinced about anything else. To no surprise, the stock market approved following up with record highs.

When deciding on rates, The Fed has always been a reactionary institution that relies on historical data and models like the Phillips curve that was debunked two generations ago. Cutting rates will grow the money supply and bring some relief from higher interest rates. The Fed is putting pressure on inflation to bring down interest rates as the way to manage our exploding deficits.

The rate cut will only fuel inflation – an unwritten and unrestricted tax on everyone – no exceptions.

The interest rate was at a historical average, but the national financial sector and the Washington bureaucratic swamp are addicted to cheap money that makes $50,000 cars and $300,000 homes seem affordable. Over time this money infusion will make those cars and houses even pricier. Believing cheap money is the driving force of economic prosperity is as counterfeit as they come. Such behavior increases demand without an increase in supply – the root cause of inflation. Keep in mind that both food and fuel are excluded from inflation calculations.  This, my friends, is unknown to most Americans. Should food and fuel be added to the inflation number, you would be shocked.

Interest rates are The Fed’s dependent drug.

“When is the next cut coming and how big?”

A half of a percent reduction suggests the economy and its capacity for job creation is not nearly as good as Powell or any other entrenched government bureaucrat will admit.

There was no need for the cut, but lower rates produce lower mortgages and pacifies the masses making them feel better about the current political and economic situation.

The Fed, “a nonpartisan agency,” put its thumb on the scale during a presidential campaign begging the question: Is The Fed an impartial and independent agency or beholden to politics and Wall Street? Lowering rates at the expense of higher inflation seems self-serving in the run up to a presidential election that is less than six weeks away.

Powell, who served as carnival barker for the Biden administration’s highest inflation rates in over 40 years, told us inflation was “only transitory” is doing his best to foster a post-inflation merry go round.

The Fed’s decision is analogous to the hangover coming the morning after a Friday night binger. This economic hangover, however, will conveniently occur after November’s election, so make sure you start your Christmas shopping early as none of this bodes well for glad tidings.

Typically, The Fed cuts rates in response to economic downspin, not because of a supposed stable and growing economy. Provided the economy goes south with rates already low, this only serves to dig the hole deeper.

The real issue that is ignored, dismissed or unacknowledged is the ever-increasing federal spending. Every dollar spent, pilfers a dollar through taxes, borrowing or money-printing. Unless there are cuts to spending and debt reduction, nothing changes diminishing even further the fading American dream.

How about less government and regulation and more innovation and investment to drive the economy.

The cut is all about the election and The Fed’s preferred outcome. It is nothing short of a lame attempt to prop up the incumbent executive branch that would certainly preserve Powell’s job. No need for the bureaucrats to fret as it is always the working class that takes the brunt of the foibles of incessant government intervention.

The cut also implicitly implies The Fed overplayed its hand and is concerned about a recession.

Prematurely cutting interest rates is the perfect recipe for an increase in inflation. The dollar lost 20% of its value in just three plus years turning greenbacks into proverbial toilet paper.

The Fed’s rate cut in a supposed stable and growing economy only kicks the inflation can farther down the road until after November’s election.

How politically expedient.

Homeland Security is in Shambles

This is unbelievable! I am at a loss for words. How can this be happening in my country? Watch this video of a hearing in which the Director of the Department of Homeland Security appeared to answer questions by the subcommittee. Listen carefully to the statistics the Chairman provides.

Originally posted 2016-06-15 12:23:16.

Unbelievable! What will be next?

Someone please tell me what is a non-binary human being, is it even a human being.  Our once great nations sinks further into decay with each passing day. Is there any hope at all for those of us who really care about the country? Maybe, but it all depends on November. What public restroom will this “non-binary” use? Any thoughts? 

Oregon judge allows person to change gender from female to ‘non-binary’

America.An Oregon judge ruled Friday that a transgender individual can legally change their sex to “non-binary” rather than male or female in what is believed to be an unprecedented ruling.

The Oregonian reported that Multnomah County Circuit Court Judge Amy Holmes Hehn legally changed Jamie Shupe’s, 52, sex from female to non-binary.

The co-executive director for Basic Rights Oregon Nancy Haque said the ruling was a “momentous day for genderqueer Oregonians.”

“It’s really exciting for the courts to actually recognize what we know to be true: gender is a spectrum,” Haque told the paper. “Some people don’t identify as male or female.”

Shupe is an Army veteran who retired in 2000 a sergeant first class. She began transitioning in 2013 while living in Pittsburg and knew that neither the male or female gender label fit.

Shupe chose the name “Jamie” because it was a gender-neutral name and would rather be called “Jamie” rather than a pronoun.

“I was assigned male at birth due to biology,” Shupe said. “I’m stuck with that for life. My gender identity is definitely feminine. My gender identity has never been male, but I feel like I have to own up to my male biology. Being non-binary allows me to do that. I’m a mixture of both. I consider myself as a third sex.”

In April, Shupe and lawyer Lake Perriguey filed a petition to legally change Shupe’s sex to non-binary.

According to the Oregonian, state law allows a court to change a person’s legal sex if a judge decides the person has undergone the surgical or hormonal treatment related to their gender transition.

Though the law doesn’t require a doctor’s note, Shupe brought letters from the Oregon Health & Science University, as well as the Veterans Hospital.

“The sexual reassignment has been completed,” Hehn wrote in the ruling. “No person has shown cause why the requested General Judgment should not be granted.”

Attorneys at the Sylvia River Law Project in New York told The Daily Dot that some cities have IDs that allow residents to decline to declare a gender. However, Haque said more work has to be done.

Basic Rights Oregon is working with officials across the state to offer people gender designations beyond male or female. Oregon residents still cannot list “non-binary” on a driver’s license or state ID.

“It’s a huge barrier to being able to live your life, to having a driver license, to employment, to having records about your life, transcripts, all of those things,” Haque said. “In all the ways our lives are gendered in ways they frankly don’t have to be, it can be a barrier for people whose identities aren’t easily put in a box.”

However, Shupe said her win felt “liberating.”

“I’m not under pressure anymore to conform to either thing,” Shupe said.

Originally posted 2016-06-13 14:44:34.

Mexico No – US Yes

Amazing, absolutely amazing. Our neighbors to the south have spoken loud and clear they do not want gay marriages. Yet, those living in the U.S. are predominantly in favor of gay marriages. I guess that’s what happens when they cross the border, illegally or not, and become affected by our new society. We are sick, and a horrible influence on people. In our country, the “silent minority” allows the vocal minorities to rule. How sad. Don’t be a member of the silent majority, let’s become the vocal majority instead!  JB

Mexican PresidenteMexico’s ruling party clobbered in elections following push for gay ‘marriage’

June 9, 2016 (LifeSiteNews) – Mexico’s Institutional Revolutionary Party (PRI) has just lost its 86-year dominance of Mexico’s state governments in a massive electoral upset following a new initiative by Mexican president and PRI member Enrique Peña Nieto to amend the constitution to create homosexual “marriage.”

For the first time since the PRI was created in 1929, the party no longer holds a majority of state governorships. Out of 17 states holding elections on June 5, the PRI won only five states and lost four states with 19% of the country’s population. The result is that the PRI now holds the governorship in only 15 of the country’s 31 states, with 45% of Mexico’s population. The party is also out of power in the nation’s Federal District.

The president’s initiative, announced on May 17, includes a massive propaganda campaign to convince public school students and the population in general that homosexuality and transgenderism are normal and morally acceptable, as well as membership in the United Nations’ “LGBT Core Group,” a coalition of nations promoting the homosexual agenda worldwide.

Peña Nieto’s new pro-gay offensive was met with condemnation by the leadership of the Catholic Church in Mexico as well as the creation of the National Front for the Family, a coalition of over a thousand organizations united to defeat the initiative and to protect the traditional definition of marriage. The National Front for the Family held protests throughout the country on June 1 and 2, and PRI elected officials began to abandon the president, stating their opposition to the initiative and promising their constituents they would vote against it.

The cause of the PRI’s defeat cited most often in the Mexican media was the president’s homosexual “marriage” initiative. Although it remains to be proved that the PRI’s massive electoral loss was due to the unpopularity of the proposed constitutional amendment, polls indicate that Mexicans are both dissatisfied with Peña Nieto’s presidency and opposed to homosexual “marriage.”

“Peña Nieto and the PRI have paid the price at the ballot box for presenting initiatives against Mexican values,” said Luis Losada Pescador, who leads the activist organization CitizenGO as part of the coalition of the National Front for the Family. “It may be that Peña Nieto is trying to win foreign friends, but he has reaped internal rejection,” he added.

The Bishop of Veracruz, Felipe Gallardo Martín del Campo, noted of the electoral results that “normal Mexicans, who are 99 percent [of the population], don’t accept marriage between people of the same sex and the proof of this are the protests that have been held throughout the country.” He added that other parties “should work harder and not commit the same errors because they know that in the next election the people are not going to vote for their party.”

Recent polls show that Mexicans continue to oppose the creation of homosexual “marriage,” with percentages against it ranging from 44% to 62% over the last three years, and percentages from 36% to 52% in favor. A majority of Mexicans continue to oppose the legalized killing of the unborn in most cases as well.

Originally posted 2016-06-10 16:08:52.

Conservatism

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