All posts by Jim

Left HS before report cards came out. Enlisted in the Marines for four years. By the time those years were over, I was hooked - they had me for life. Spent nearly ten years as enlisted. Received a Silver Star, Bronze Star w/V, Purple Heart as a Sgt during first RVN tour. Upon returning to the State's received a combat commission to 2Lt. Retired after 36 total years as a Colonel. Book follows my career, but is more about the heroes with whom I served, the great mentors I had, and the leadership principles they instilled in me.

Parents Beware!

From one of the few newspapers that tell it like it is — the Wall Street Journal. Make no mistake about it parents and grandparents, your children are at risk

Merrick Garland Has a List, and You’re Probably on It

By Gerard Baker

Merrick Garland’s got a little list.

The attorney general is compiling a steadily lengthening register of “society offenders who might well be underground and who never would be missed,” as Ko-Ko, the hypervigilant lord high executioner, sings in Gilbert and Sullivan’s “The Mikado.”

Mr. Garland’s list of society offenders is compendious. At the top are right-wing extremists who’ve been officially designated the greatest domestic threat to U.S. security, but whose ranks seem, in the eyes of the nation’s top lawyer, to include some less obviously malevolent characters, including perhaps anyone who protested the results of the 2020 election. Then there are police departments not compliant with Biden administration law-enforcement dicta, Republican-run states seeking to regularize their voting laws after last year’s pandemic-palooza of an electoral process, and state legislatures that pass strict pro-life legislation.

They’d none of them be missed.

Oddly, the list doesn’t seem to extend to the hundreds of thousands of people who have crossed the southern border so far this year and are now presumably at large somewhere in the U.S. without a legal right to be in the country. Nor to those benevolent folk who have reduced several of the nation’s urban centers to crime-infested wastelands.

Which is presumably why the latest names on his roll are those parents who have had the temerity to challenge local school boards about the mandates they are imposing on their pandemic-ready classes and what the children are learning.

That wasn’t how the attorney general presented it when he announced the news. Citing a “disturbing trend” in harassment, intimidation and threats of violence against school-board members, teachers and other school employees, he declared that he was directing the Federal Bureau of Investigation to work with local and state law enforcement to develop “strategies” for dealing with the problem.

The announcement looked as though it had been carefully coordinated with the National School Boards Association (NSBA), which had asked the Biden administration to do exactly this.

Decent people everywhere acknowledge that violence is intolerable—whether perpetrated by Black Lives Matter agitators torching buildings, Trump supporters smashing federal property, or parents who throw projectiles at school board members.

But the letter from the NSBA contained barely any evidence of actual violence. It cited mostly antisocial behavior and threats, and some of the offenses referenced—such as a parent making a mock Nazi salute to a school board—are, however offensive, constitutionally protected speech.

And, as has been widely noted, when acts of violence occur, they can and have been dealt with by local or state law enforcement. There is no federal interest in any of these infractions.

All this merely underscores what the real objective of the attorney general’s action was—and we don’t need to engage in speculation because it was recently spelled out to us by another leading member of President Biden’s party, Terry McAuliffe, the Democratic candidate for governor of Virginia.

In a rare moment of honesty from a politician, Mr. McAuliffe made clear, in a television debate with Republican Glenn Youngkin, the Democrats’ conception of the role that parents should have in their children’s education: none whatever.

“I don’t think parents should be telling schools what they should teach.”

Aside from the jaw-dropping disdain for families, Mr. McAuliffe’s prescription is at odds with Article 26.3 of the United Nations’ Universal Declaration of Human Rights, the sort of grand multilateral pronouncement the Democrats usually fetishize, which states: “Parents have a prior right to choose the kind of education that shall be given to their children.”

This flagrant attempt to intimidate parents into handing their children over to the mercies of the state is as sinister as anything the modern progressives who now control the Democratic Party have done.

The message is clear, and it has been the character of education in totalitarianism systems through history: These are not your children; they are wards of the state, and the state (in this case through the teachers unions that fund the Democratic Party) will determine what they learn and how.

Democrats like Mr. McAuliffe insist that pernicious racial doctrines teaching the ubiquity of white supremacism and the inherent racism of American society and encourage racial segregation aren’t actually taught in schools. But this is laughable. The same Democrats have spent the last year insisting on racial “equity” as the defining objective of their social program. Why would they leave it out of the schools they mostly control?

Mr. Garland’s brazen attempt to intimidate will likely backfire as more parents—including many who aren’t especially conservative—become alarmed by what they see and hear in their children’s schools. By placing them on his little list, he may have done us all a favor.

Originally posted 2021-10-12 15:01:23.

Rac-nophobia —

— six boats, thirteen Marines, and an attitude

Returned last night from the only Marine reunion I attend — the RACPAC. If you know not of whom I speak, shame on you as you’ve not read “The Book.” If you have but don’t remember, go to chapter 46 and refresh. This one was special as Lt Tim Armstrong USMC was there for the first time, but he is now Col, USMC (Ret). What a joy it was to see Tim again. Anyway, it was, as always, a grand time to see these Marines again; it’s always great joy to see how every one of them turned out, not a dammed liberal among them!!! All very successful in their afterlife, especially the young enlisted  Marines who were not careerists, but chose to take their hard learned knowledge to the civilian world and succeed!

I’ve often asked myself over the years since retirement, especially every September as I fly to Virginia Beach, what did I do to deserve to serve alongside such giants of our Corps. As my coxswain and I were cruising down the Appomattox  River one sunny afternoon, he asked, “Popeye, can you believe the Marine Corps is actually paying us to do this ?” Of course, my reply was, “No Crazy I can’t, but they sure are!”  Having said that, do not dismay as this was a grueling and very demanding eighteen months with no guidance from MCDEC or HQMC, often working under arduous weather conditions and usually six and sometimes seven days a week. And here they are in all their glory.                     Lord, what memories!!

 

 

 

 

 

Now to the sad state of affairs of our once great nation. Another good one from my friend Greg; thanks Greg, I love your missives, and so do my followers.

By: G. Maresca

Hooking off the jab

In the sweet science, a skilled pugilist will be able to hook off their jab. The same holds for COVID era politicians and their obsession with vaccine mandates and boosters.

President Biden leads the mandate vaccine charge yet allows tens of thousands to pass through the southern border daily who have not been tested let alone vaccinated.

Initially, “if vaccinated, you are not going to get COVID,” has devolved to “people who got vaccinated remain at risk.” Infections are increasing among the vaccinated as a plethora of evidence highlights how the vaccine’s efficacy is waning.

For those who were vaccinated but plan to refuse the booster shot will find themselves back at square one because COVID is here to stay, just like any other influenza virus.

Quite the bioweapon China unleashed.

Democrats politicized COVID by refusing to acknowledge that China covered up and lied about the virus. They then used the pandemic as an excuse to lockdown the country and change election rules.

A study from the University of California San Diego highlighted how the vaccine’s effectiveness dropped from 94% in June to 65% in July with a 19-fold increase of those already vaccinated. Israeli data said Pfizer’s vaccine went from a 95% effectiveness to 39% by July. Apparently, Delta is more contagious but less lethal, according to English data and runs at 0.2% ⸻ the same as the seasonal flu. The CDC said those vaccinated who contract COVID have as high a viral load in their nasal passages as those who are unvaccinated.

It is not the unvaccinated that are driving COVID’s mutations.

In February even NPR reported, “vaccines can contribute to virus mutations.”

National Institutes of Health chief Francis Collins’s blog ridiculed a study his agency financed that said by December 2020, at least 100 million Americans were infected – five times the official count.

The pro-vaccine army that permeates government, the pharmaceutical industry and the mainstream media have cross-pollinated into a universal censorship android that prevents any information that conflicts with their narrative and balance sheets. They conveniently ignore the adverse health conditions and deaths resulting from the jab.

Texas is being sued by the Biden administration to protect a woman’s right of choice to an abortion. Yet, when it comes to a woman’s right to choose to vaccinate – forget it. It is only a choice when it can stop a baby’s beating heart.

Cells from an aborted fetus were used to test and produce the vaccine. Biden’s support of abortion only manifests itself in his vaccine mandate.

If this is about saving lives, access to every resource should be a given. The leftist media ignores or simply denies that Hydroxychloroquine has any efficacy in treating COVID when it has. Moreover, natural antibodies are a nonfactor even though studies say they provide greater immunity, both in breadth and duration. For those with immunity, vaccination is unnecessary and potentially grievous. However, there is no money or control in natural immunity underscoring how this is not about health care.

COVID conveniently removes the spotlight from the Afghanistan debacle, while Democrats would love to extend COVID through an unverifiable 2022 midterm mail-in ballot election. Initially, boosters were needed after eight months, then five, and arguably now for just susceptible groups like the elderly. With so many different versions and timelines, it is no wonder what the government and politicians say has no meaning.

Just months ago, Biden said he “would not demand that it be mandatory.” However, in Biden’s recent COVID vaccine mandate address, he flipped-flopped declaring: “We’ve been patient, but our patience is wearing thin.”

Since Biden is so impatient, perhaps he should resign.

Patience with Biden’s poor decisions from Afghanistan to the southern border is what is truly “wearing thin.” Apparently, unable to help himself or the nation, Biden compounded the issue by rejecting the Constitution he swore to uphold saying, “This is not about freedom or personal choice.”

Mandates are not only unconstitutional but polarizing and inherently un-American.

Mandates underscore how the left’s default position is always force.

What happened to unifying the country? Biden would rather lay blame while mandating vaccine compliance or lose your livelihood.

If it is your prerogative to jab your way into oblivion, knock yourself out.

Originally posted 2021-10-05 16:02:26.

China VS U.S.

Received the following from a highly resected Brother Marine referred to as “Mustang,” which many of you know what that moniker means. Anyway, I don’t watch TV except Netflix and Amazon Prime. Would enjoyed watching this episode however. Enjoy and thank you Mustang, it is definitely blog worthy! Really there isn’t much to enjoy as it is all so true and scary as hell.

 

“Real-Time” host Bill Maher closed his show Friday night by sounding the alarm on China’s growing dominance over the United States. Why are Americans sleeping?

 

We aren’t sleeping, we are spending our time teaching and assisting little boys how to become little girls! And, if we aren’t busy doing that we have the Sec of Defense, responding to an order from the ‘commander’ in chief, designing stylish new uniforms for pregnant ‘soldiers’.

 

“You’re not going to win the battle for the 21st century if you are such silly people. And Americans are all silly people,” Maher began the monologue, alluding to a “Lawrence of Arabia” quote.

 

Do you know who doesn’t care that there’s a stereotype of a Chinese man in a Dr. Seuss book? China,” he said. “All 1.4 billion of them couldn’t give a crouching tiger flying f— because they’re not silly people. If anything, they are as serious as a prison fight.”

 

Maher acknowledged that China does “bad stuff” from the concentration camps of Uyghur Muslims to its treatment of Hong Kong. But he stressed, “There’s got to be something between an authoritarian government that tells everyone what to do and a representative government that can’t do anything at all.”

 

“In two generations, China has built 500 entire cities from scratch, moved the majority of their huge population from poverty to the middle class, and mostly cornered the market in 5G and pharmaceuticals. Oh, and they bought Africa,” Maher said, pointing to China’s global Silk Road infrastructure initiative.

 

He continued: “In China alone, they have 40,000 kilometers of high-speed rail. America has none. We’ve been having Infrastructure Week every week since 2009 but we never do anything. Half the country is having a never-ending woke competition deciding whether Mr. Potato Head has a dick and the other half believes we have to stop the lizard people because they’re eating babies. We are such silly people.

 

“Nothing ever moves in this impacted colon of a country. We see a problem and we ignore it, lie about it, fight about it with each other, endlessly litigate it, sunset clause it, kick it down the road, and then write a bill where a half-assed solution doesn’t kick in for 10 years,” Maher explained. Then the half-assed bill is forgotten.

 

“China sees a problem and they fix it. They build a dam. We debate what to rename it.”

 

The HBO star cited how it took “ten years” for a bus line in San Francisco to pass its environmental review and how it took “16 years” to build the Big Dig tunnel in Boston, comparing that to a 57-story skyscraper that China constructed in only “19 days” and Beijing’s Sanyuan Bridge, which was demolished and rebuilt in “43 hours.”

 

“We binge-watch, they binge-build. When COVID hit Wuhan, the city built a quarantine center with 4,000 rooms in 10 days and they barely had to use it because they quickly arrested the rest of the disease,” Maher said. “They were back to throwing raves in swimming pools while we were stuck at home surfing the dark web for black market Charmin. We’re not losing to China, we LOST. The returns just haven’t all come in yet. They’ve made robots that check a kid’s temperature and got their asses back in school. Most of our kids are still pretending to take Zoom classes while they watch TikTok and their brain cells fully commit ritual suicide.” Our teachers unions are finding every single way to keep themselves on the payroll, but keep students out of the classrooms. WAKE UP AMERICA! That means ALL of YOU.

 

Maher then blasted New York City Mayor Bill de Blasio, accusing him of degrading school standards by eliminating merit and substituting a lottery system for admittance to schools for advanced learners. Our country is going down the toilet.

 

“Do you think China’s doing that, letting political correctness get in the way of nurturing their best and brightest?” Maher continued. “Do you think Chinese colleges and universities are offering courses in ‘The Philosophy of Star Trek, ‘The Sociology of Seinfeld,’ and ‘Surviving the Coming Zombie Apocalypse’? Can this be real? Well, let me tell you, China is real. And they are eating our lunch. And believe me, in an hour, they’ll be hungry again.”

 

A somber message, isn’t it? But, where is Maher wrong? I guess the good news is that unlike the Chinese our young people have free text messaging and iPhone games.

Originally posted 2021-09-29 15:16:37.

$1.00 = $0.95

This post may be too hard for some to swallow without some Economics background, but I consider it important enough for my followers to be prepared. I received the following from a trusted Marine brother who runs an investment business in NC. Rik and I are usually on the same page on everything “Economic” because we are both “supply siders” and also “Monetarists.” Won’t get into any Economics BS to explain what that means in layman’s terms as it would only confuse the issue more than it already is. Having said that I totally agree with the article; we are already seeing the start of it. As of this instant, my total portfolio has lost 3.56% in the last month, and I firmly believe it will continue, while inflation is sits and waits for the right time to make itself known to every American. Keep it up Joey  and we will be a bankrupt country while the FED, most of whom are not supply siders fiddle.

 

 

 

 

Your cash will lose at least 5% of its purchasing power in the next year

Posted: 24 Sep 2021 05:03 PM PDT

Earlier this week, Fed Chair Jerome Powell announced that the real yield on dollar cash and cash equivalents is likely to be -5% or less over the next 12 months. Yes, your cash balances will lose at least 5% of their purchasing power over the next year, and that’s virtually guaranteed. So what are you—and others—going to do about it?

Assumptions: This forecast of mine optimistically assumes that 1) the first Fed rate hike of 25 bps comes, as the market now expects, about a year from now, and 2) the rate of inflation slows over the next 12 months to 5% from its year-to-date rate of 5.9%. Personally, I think inflation next year likely will be higher, if only because of the delayed effect of soaring home prices on Owner’s Equivalent Rent (about one-third of the CPI), the recent end of the eviction moratorium on rents, and the continued, unprecedented expansion of the M2 money supply.

I’m a supply-sider, and that means I believe in the power of incentives. Tax something less and you will get more of it. Tax something more and you will get less of it. Erode the value of the dollar at a 5% annual rate and people will almost certainly want to hold fewer dollars than they do today.

I’m also a monetarist, and that means I believe that if the supply of dollars (e.g., M2) increases by more than the demand for dollars, higher inflation will be the result. We’ve already seen this play out over the past year: the M2 money supply has grown by more than 25% (by far an all-time record) and inflation has accelerated from less than 2% to 6-8%. Massive fiscal deficits have played an important role in this, but so has an accommodative Fed. Between the Fed and the banking system, 3 to 4 trillion dollars of extra cash were created over the past 18 months. At first that was necessary to supply the huge demand for cash the followed in the wake of the Covid shutdowns. But now that things are returning to normal, people don’t need or want that much cash. Yet the Fed continues to expand its balance sheet, and they won’t finish “tapering” their purchases of notes and bonds until the middle of next year. That means that there will be trillions of dollars of cash sitting in retail bank accounts (checking, demand deposits and savings accounts) that people will be trying to unload.

If we’re lucky, the inept and feckless Biden administration will be unable to pass its $1.5 trillion infrastructure and $3.5 trillion reconciliation bills in the next several weeks. This will lessen the pressure on the Fed to remain accommodative, but it’s not clear at all whether it will encourage the Fed to reverse course before we have a huge inflation problem on our hands. Non-supply-siders (like Powell) view an additional $5 trillion of deficit-financed spending as an unalloyed stimulus for the economy. Supply-siders view it as a virtually guaranteed way to increase government control over the economy and thereby destroy growth incentives and productivity.

Amidst all this potential gloom, there are some very encouraging signs, believe it or not. Chief among them: household net worth has soared to a new high in nominal, real, and per capita terms. Also, believe it or not, the soaring federal debt has not outpaced the rise in the wealth of the private sector.

Today’s interest rates are relative to inflation. Terribly low! In normal times, a 4-5% inflation rate would call for 5-yr Treasury yields to be at least 4-5%. yet today they are not even 1%. The incentives this creates are pernicious: holding cash and/or Treasuries implies steep losses in terms of purchasing power. That in turn erodes the demand for cash and that fuels more spending and higher inflation.

The growth of the non-currency portion of M2 (currency today is about 10% of M2). Currency in circulation—currently about $2.1 trillion—is not an inflation threat, because no one holds currency that they don’t want. The rest of M2, just over $18 trillion, is held by the public (not institutions) in banks, in the form of checking, savings, and various types of demand deposits. For many, many years M2 has grown at an annual rate of 6-7%. But beginning in March of last year, M2 growth broke all prior growth records. The non-currency portion of M2 is about 25% higher than it would have been had historical trends persisted. That means there is almost $4 trillion of “extra” money in the nation’s banks. This extra money has been created by the same banks that are holding it: banks, it should be noted, are the only ones that can create cash money. The Fed can only create bank reserves, which banks must hold to collateralize their deposits. Today banks hold far more reserves than they need, so that means they have a virtually unlimited ability to create more deposits. And they have been very busy doing this over the past 18 months.

For most of the past year I have been predicting that this huge expansion of the money supply would result in rising inflation, and so far that looks exactly like what has happened. People don’t need to hold so much of their wealth in the form of cash, so they are trying to spend it. But if the Fed and the banks don’t take steps to reduce the amount of cash, then the public’s attempts to get rid of unwanted cash can only result in higher prices, and perhaps some extra spending-related growth. It’s a classic case of too much money chasing too few goods and services. And Fed Chair Powell has just added some incentives for people to try to reduce their cash balances. He’s fanning the flames of inflation at a time when there is plenty of dry fuel lying around.

Now for some good news. The evolution of household balance sheets in the form of four major categories. The one thing that is not soaring is debt, which has increased by a mere 20% since just prior to the 2008-09 Great Recession.

With private sector debt having grown far less than total assets, households’ leverage has declined by 45% from its all-time peak in mid-2008. The public hasn’t had such a healthy balance sheet since the early 1970s (which was about the time that inflation started accelerating). Hmmm….

In inflation-adjusted terms, household net worth is at another all-time high: $142 trillion.

On a per capita and inflation-adjusted basis, the story is the same. We’ve never been richer as a society.

Total federal debt owed to the public is now about $22 trillion, or about the same as annual GDP. It hasn’t been that high since WWII. So it’s amazing that federal debt has not exploded relative to the net worth of the private sector. As I’ve shown in previous posts, the burden of all that debt is historically quite low, thanks to extraordinarily low interest rates.

Gold prices are weak today because the market is anticipating higher short-term interest rates. Gold peaked when forward interest rate expectations were at an all-time low. Why? Because super-low interest rates pose the risk of higher inflation. With the Fed now talking about raising rates (albeit sometime next year, and very slowly thereafter), gold doesn’t make as much sense because forward-looking investors are judging the risk of future inflation to be somewhat less than it was a few years ago.

 

S/F

Rik

Originally posted 2021-09-28 10:45:55.

Commercial Break

LOL, Sorry, but it’s time for a commercial break for this old man. SMILES. I hope you don’t mind, but need to do this every now and again — haven’t done it so far this year.

If you have not read THE BOOK yet, shame on you. LOL Great reviews on Amazon, but don’t buy there, it’s a rip off. Am currently working with another publisher to perhaps have it republished. I do; however, have several hard covers I bought from the previous publisher before I dropped them; they were ripping me off! If you are working on a book and are thinking of going POD (Publish On Demand), it would behoove you to talk to me first so I can give you some warnings to help you avoid the problems I experienced. Meanwhile I would like to sell the ones I have.

Remember, it is not a autobiography except that it follows my career from a delinquent HS kid to retiring thirty-six years later simply for organizational purposes. It’s more about the great mentors and leaders I experienced. I mention the good, the bad, and even the ugly –I pull no punches, which is why it will never appear on CMC’s reading list LOL. I sell the hard cover for $35, [personally inscribed and signed, AND if it is for a military person (past, present or future), I eat the $4.35 postage. Contact me at sgt-b@comcast.net or click on “Buy the Book” to the left and I will contact you for information so I can personalize the inscription. Thank you for bearing with me during this short commercial break. 

Below is a picture of the back of the dust cover on hard back copy. A great gift for a Marine.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Semper Fi, Jim

Originally posted 2021-09-23 11:21:08.