Tag Archives: government

Independence Day – Really?

Another thought-provoking message from Greg. We have so much to think about this 4th of July, but in today’s society I fear that many folks will think of nothing but hamburgers, hot dogs, pop, beer, and a day off from work, that is for those who are working and not  taking government handouts. Meanwhile the “silent majority” sleeps.

 

Freedom’s landscape

By: G. Maresca

As America plans to celebrate the nation’s birth by taking inventory of the hotdogs, hamburgers, soda and beer, the most treasured and esteemed American stock lies forsaken along freedom’s continuum.

In his seminal work, “Crisis and Leviathan,” economic historian Robert Higgs argued how in the 20th century the federal government grew as a result of three crises: World War I, the Great Depression, and World War II. In the 21st century, you can add 9/11 and COVID-19 to the list. During those crises, the federal government went about raising taxes, instituted more spending programs, and added to their arsenal more regulatory power.

With the heady combination of 9/11 and COVID, the government continues to fester as America devolves into Gotham City. I was reminded of this during a recent trip to the airport. I was not flying, just dropping off, and still had to remove my shoes, empty my pockets, and go through a full body scan in order to escort my daughter to her departing gate.

What Benjamin Franklin, our first self-made American, said over two centuries ago certainly resonated: “Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety.”

As we traversed the terminal there was a sketching of the top ten skyscrapers in the world. The U.S. has only one on the list at number six – the Freedom Tower in Lower Manhattan – that was supposed to fill the void left when the World Trade Center met its untimely fate on 9/11. A generation ago, America had all ten.

Besides the overwrought airport security courtesy of The Transportation Security Administration (TSA), I couldn’t help but wonder what other things have been compromised all in the name of security in a time of heightened emotions “where something must be done.”

Never underestimate governmental mission creep.

Enter the Patriot Act, Homeland Security, TSA and an emboldened National Security Agency and the Foreign Intelligence Surveillance Courts that illegally spies on more than three million Americans, and this is according to that leftist fortress, The New York Times. Not to be dismissed was America taking on the costly role of being the unwanted landlords of Iraq and Afghanistan.

Government’s resulting muscle has grown too penetrating and too concentrated. Many throughout the federal bureaucracy are overly determined to inject this power into all aspects of American life. Proposals for more legislation, regulations, and interventions is akin to treating a poisoned patient with more poison.

Solving problems caused by too much government with more government is no answer.

Evidence of this can be found in the latest Gallup poll where only 19% said they trusted the government “most of the time.” Juxtapose that to the same 1958 poll where nearly 75% said they trusted the government to do the right thing “most of the time.”

Government has devolved into a centralized religion telling houses of worship to close, while giving abortion clinics the green light to remain open during a pandemic. Government bureaucrats sell voting and vaccines as salvation while indoctrinating America’s children through public education.

The government has banned God in the classroom, the locker room, the public square, public buildings, and ignores His teachings when writing its laws. Observing constitutional limits that does not provide for a “right” to abort an unborn child is depicted as violating “women’s rights” when the left cannot or will not define what a “woman” is.

The country is on a suicidal path culturally and taking our freedom along for the ride. The Founding Father that would not be surprised: Franklin.

On September 17, 1787, as the delegates departed the Constitutional Convention in Philadelphia’s Independence Hall, Franklin was asked what kind of government the convention had created. Franklin famously replied, “A republic, if you can keep it.”

Franklin also remarked how “freedom of speech is a principal pillar of a free government; when this support is taken away, the constitution of a free society is dissolved, and tyranny is erected on its ruins.”

Freedoms ceded to government are rarely regained.

On the cusp of celebrating America’s independence, the nation is fighting a cold war with itself that has most Americans wishing for a sense of normalcy, but at what price?

Drug Addicts Need Help

And here comes Joey to the rescue. Ha!

Folks, is there any end to the idiotic, lame brain, destructive, life threatening ideas that come from the swamp? I think not. Some of you who watch the news have probably already seen this, but I know there are a lot folks on here who, like me, do not watch any of the MSM  propaganda programs, and yes that even includes FOX. But I have some Marine and Navy brothers who insist on trying to raise my blood pressure and send me what they think I should know. about; really? LOL

I can’t imagine what this act by Joey, and his gang of thugs is supposed to do. I must simply be a right wing, conservative dummy. If any of you can explain in Grunt terms what this idea is supposed to do for racial equality, please enlighten me. Thank you.

Be sure to click on the link at the bottom and watch the short video as Leo points out some thing I hope you all know. One of the most important elections in your town is for the members of the school board. I totally agree! The sad thing is those running are not required to reveal what side of the aisle they are on. It is supposed to be a bi-partisan, non-political election for those seats. That is, in and of itself, a joke! You can bet your bippee I will know who is who when I vote for board members

Leo Terrell hammers Biden admin plan to distribute ‘smoking kits’: ‘How does this achieve racial equality?’

Fox News contributor Leo Terrell on Tuesday blasted the White House over a reported plan to give out “smoking kits” in poor communities in the name of racial equity and reducing harm.

“I want to be very clear. They are using the term racial equity. Racial equity is a code for affirmative action, low expectations. You’re basically having a government involved in distributing equipment, pipes to help encourage drug use in minority communities. How does that achieve racial equality?” Terrell told “Fox & Friends.”

The Biden administration is set to fund the distribution of “smoking kits and supplies” as part of a $30 million grant program aimed at reducing drug-related infections, according to the Washington Free Beacon.

An HHS spokesman told the Free Beacon the kits contain pipes for users to smoke crack cocaine, crystal methamphetamine, and “any illicit substance” and that the grants will be targeted to underserved communities to advance racial equity.

Leo Terrell hammers Biden admin plan to distribute ‘smoking kits’_ ‘How does this achieve racial equality_’ _ Fox News

 

Amazing! Thirty billion dollars of tax payer money will supply the drug afflicted folks in the poorer neighborhoods with pipes. Why? Because they can’t afford them? WOW! I wonder who the grant is going to and will be responsible for where they are distributed?

The Corps Part II

Received an email from a fellow retired Marine—whom I highly respect—that included the following messages. I share these with you as my second blog post on the current recruiting plan put forth by our CMC significantly touted as, “Operation Semper Fi.”

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Marine Brothers, one and all. I forwarded this to a select few generals. I intend to email Senator Rick Scott…former navy officer. The words and thoughts are harsh but should not be ignored. I fear we are back to 1947…which way will it go?

I want to share these inciteful comments from a distinguished Marine, the father of two outstanding Marine officers (one infantry, the other combat engineer), both of whom had multiple tours in Iraq and Afghanistan.

“I feel sorry for the head of recruiting. At the same time that the CMC insults and denigrates previous generations of Marines and their flawed culture he is trying to rally retired Generals and Marines to help the Corps recruit. Sending it to retired Generals is preaching to the crowd that at about 80-90% supported or fell silent on the critical issues of perversion, depravity, fraternization, reverse racism, sexual preference for women, unisex uniforms, women in the combat arms, the elimination of tanks, tube artillery, numerous infantry Bn’s, 25% of F-35’s and CH-53F’s, female grooming standards, 18 months of maternity leave, the destruction of the MAGTF concept, the vapid attacks on the culture of the Corps and its racist/sexist heritage. Add to that a bevy of Generals who went from Warriors to politicians and openly and repeatedly insulted a sitting President.

 A Marine four- star CINC presided over a catastrophic NEO from Kabul taking orders from the Taliban about who, what, when, how, and why and then fled in the dark of the night with his tail tucked between his legs.

Our beloved Corps is at an historic low point with few allies on the Hill and an American people who view us as mere victims. Eighty percent of our Generals appear to have been intellectual midgets without a spine, charisma, presence, or persuasive verbal skills. They appear be average to below average men by every measure. When the time to stand up and be counted came, they opted to pass. This made it even harder for those willing to do the right things, the right way, for the right reasons.

We know who has a high propensity to enlist and we don’t want them. Instead, we chase after the misanthropes, the gender confused, the lost souls, and those we know are poorly suited to the battlefield. We encourage those to join the Corps whose interests are totally self-serving, to then change the Corps.

The Corps must reassess the culture it has abandoned if it expects the endorsement and support from those who have retired. I cannot, at this juncture, encourage an 18 year old to join the Corps. I say that with a very heavy heart.”

I must admit that with a very heavy heart, I have already convinced one 18-year-old to forego his lifelong desire to become a Marine and go on to college in hopes that—just maybe with God’s help—the Corps will be back on track.

* * * *

Another highly respected Marine known to me wrote:

Sometime back, I opined that the success of Berger’s “Great Leap Forward,” his “re-imagining” of our beloved Corps to make it more “representative of our country,” would be reflected in the retention rates of serving Marines and the recruiting of new ones. The following is from a Brother Marine regarding the missive recently sent to all retired Marine generals by the CG, USMC Recruiting Command requesting their support of “Operation Semper Fi:”

“My response: I will watch… but if they think they can muster Marine Veteran support if they continue the march to “woke land” …and all that implies including fostering Marxist ideology masquerading as modern liberalism they are sadly mistaken. Veterans will support traditional Marine values not forced ideas that are counter to common sense and successful traditional values. The thinking of those forcing the “new order” is being brought to us by the same people or their progeny that abandoned us in Vietnam and tried their best to turn the entire country against us—they failed but as a result they are now working from the inside of government (civilian and military) to have their way.”

Please stand by Marines, and others. There is much more to come in the ensuing days regarding this disgusting issue. It will end with my open letter to General Berger!

 

 

Beware of Halloween Spooks

Hello followers. I hope this missive finds you and yours in the best of health and staying safe. My bride and I returned from our getaway to St. Lucia very early this morning. Truly a relaxing place for the late twenty to late thirty crowd. For the early eighty crowd, not so relaxing; glad I purposely did not bring my Hearing Aids. Not quite my genre of music; in fact, it was unbearable. However, the place is so large and dissected in such a way we found a quiet pool away from all that. Anyway, we both had a great time, lots of fun in the sun.

I arrived home to find an excellent treatise by Greg on the current state of the economy in this once vibrant and glowing country of sane people. And as usual, I totally concur with all he states. It is coming folks. For those living off their 401K’s beware!! I and most who think like me have been selling for the past several weeks, and I shall continue during the ups and downs of Wall Street. I shall also do some selective buying, but inflationary companies, which are many, will not be on my sought-after lists.

The highlights in red within Greg’s treatise are mine.

October Instincts

By: G. Maresca

The Executive Director of JPMorgan Chase admitted that the stock market’s “biggest nightmare periods have tended to be October. You go back to obviously the crash in 1929, but the 1987 crash, and in 1989… was in October. You tend to have these October moments.”

Financially most are feeling pretty good as brokerage accounts never looked healthier and home prices are over-the-top. Over the past year, the S&P 500 has closed at new, all-time highs over 50 times and in so doing has created the illusion that the market only rises.

This results in taking more chances when investing.

The K-shaped economy and booming stock market underscore that Main Street and Wall Street are at a major disconnect. Many dismiss the growing rate of inflation, the unprecedented intervention by the Federal Reserve’s nonstop money-printing and increased debt believing that the dollar today is worth the same as it was last year.

It’s not.

The duality of low interest rates and those stimulus payouts have devalued the dollar. Thanks to inflation and time, savings in fixed investments like CDs, bank accounts and money markets lose purchasing power. With yields registering next to nothing, where are investors expected to put their money?

As a result, savers seek more risk in order to obtain better returns leading to a stock market that is cooking and overvalued. Increasing stock prices coupled with a mushrooming federal debt is a brick road paved over with inflation.  As the Fed continues easy-money policies, the market will continue higher as the infusion of cheap dollars rules the day.

Most bankers, brokers, and politicians understand that these bouts with inflation are what economists call: “The Money Illusion.” It is when one’s wealth is measured in how many dollars they possess, rather than its purchasing power.

Among investors, the Money Illusion breeds risk taking and heightened speculation. It’s like watching a skilled magician work his stagecraft. It looks and appears amazing and impossible, but it is not at all what it seems.

Low interest rates did, in fact, rescue the market. The Fed slashed short-term interest rates to near zero at the onset of the COVID-19 debacle and bought large purchases of Treasury and mortgage bonds making dollars discounted. In so doing, The Fed propped up not only the bond markets, but stocks, too.

Many are in denial about what is truly happening throughout our financial system. To paraphrase writer Upton Sinclair, it’s difficult to get someone to look when their getting paid depends on not looking.

Adding to the illusion is that 40% of all U.S. currency in circulation has been printed since March 2020. Few comprehend the effects of so many trillions in our financial system. The Case-Shiller Index which measures home prices has risen 18.6% for the year, up from a record 16.8% the month before. The index is the proverbial rat in the financial mine that brings with it a healthy dose of inflation.

Financial storm clouds are forming as the economy experiences labor shortages, supply chain disruptions, rising prices, and increasing inflation. With too many dollars chasing too few assets, the good times won’t last forever.

One out of every four companies are on life support because of low interest rates. With rates near zero, and with inflation rising, The Fed cannot afford to keep them low forever.

Bankruptcies are on the horizon.

The federal debt continues to grow as trillions crowd the government’s balance sheet with the debt literally growing by the second. Inflation does to a degree keep the debt somewhat manageable. However, as inflation rises, Social Security, and other assorted fixed incomes like pensions will see their buying power shrink even further.

Eventually, a significant tax increase will hit all Americans hard and below the belt – regardless of income.

Rising stock prices are great, but when easy money begins to create social, political, and economic turmoil, something is seriously amiss. A White House which believes that global warming, systemic racism and COVID are our greatest threats, does not possess the foresight and wisdom to comprehend what is economically occurring.

The laws of economics cannot be repealed, no matter what one’s wishful thinking may be.

As October looms, consider this a heads-up.

Postscript: Beware of the ghouls of October, they are coming, meanwhile many Americans keep chasing those soon to be negligent goods and, to paraphrase Mack the Knife , “Spending like a Sailor.”