Stock Exchange A Laughing Stock

Debt, Economy, Federal Reserve Bank, Inflation

“An increase in the price of an item is not the same as an appreciation in its value.” Consequently, it’s hard to understand the happy hyperventilating over the Dow having broken through 17,000 for the first time. Keeping the printing presses roaring, as the Federal Reserve has done, will result in a rise in prices, stocks included. Homes too.

A cleareyed look ahead to “a very serious bond-market crisis” is more appropriate.

Warns David Stockman, author The Great Deformation: The Corruption of Capitalism in America:

If you allow a $17 trillion debt to be financed at $250 billion a year when it really should be $700 billion or $800 billion under normal interest rates, then politicians are gonna take the easy way out. They’re not going to fall on the sword. They’re not going to lay out the real painful choices to the public. They’re not going to vote against the squeaky wheels and the powerful constituents when the Fed is printing the money and doing the job of financing the debt for them.
So I think that’s where the crisis comes. When the Fed finally reaches the point where the entire monetary system is threatened – and I think it would be if it had continued at $85 billion a month – we come to the juncture where the Fed can no longer keep its big fat thumb in the market buying up the monthly and weekly issue of Treasury debt. At that point, we are going to see the rubber meet the road, so to speak. We’re gonna have the day of reckoning, because there isn’t demand out in the real marketplace among real investors for massive amounts of additional Treasury debt at these sub-economic interest rates. And when interest rates normalize, Katy, bar the door, because the carry cost on the federal debt— which will by then be $20 trillion— will soar by half a trillion a year. The politicians will finally panic, but I’m afraid by then it might be too late—- that we’ll be in a very serious bond-market crisis.

Independence? It’s ‘EZ-Pass Up Our A-S’

America, BAB's A List, Constitution, History, Individual Rights

Some independence: It’s “EZ-Pass up our a-s,” says Myron Robert Pauli, Ph.D.

238 years ago in Philadelphia, a group of Americans adopted the world’s most famous grievance list against the British Empire and declared our independence. As Thomas Jefferson stated, “… unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness. – That to secure these rights, Governments are instituted among Men … ”

With some guts, guns, and help from Louis XVI, we secured our independence – that was the good news. The bad news was that America was left with the task of self-government. It didn’t start that well with squabbling local governments full of rogue demagogues appealing to indebted yahoos with paper money and contract repudiation. Alarmed men like Washington and Hamilton supported a federal government to keep the yahoos in check. Others like George Mason and Patrick Henry preferred 13 local independent confederacies over one big (potential) tyranny and became the Anti-Federalists.

Jefferson and Madison went along with the Federal idea with a Bill of Rights attached to limit the potential tyranny. And Ben Franklin prophetically said: “I think a general Government necessary for us, and there is no form of Government but what may be a blessing to the people if well administered, and believe farther that this is likely to be well administered for a course of years, and can only end in Despotism, as other forms have done before it, when the people shall become so corrupted as to need despotic Government, being incapable of any other.”

Fast forwarding to 2014, and we now celebrate our independence with military displays. We spend more on our Armed Forces than the rest of the world combined. We can kick anyone’s butt, even with such exemplary soldiers as Lynndie England, Chelsea Manning, Nidal Malik Hasan, and Bowe Bergdahl and with one hand tied behind our back! Even our Coast Guard has a larger budget than the British Navy! We can invade anyplace and install “democracy” in primitive cultures in the form of Diem, Thieu, Maliki, Karzai, or HumptyDumpty, until Americans get tired of the expenses and the troops returning in body-bags, without limbs and with Post Traumatic Stress Disorder.

Our President can execute 16 year old Americans on his whim-wham by pushing buttons controlling drones. The local cops now are equipped with lasers, tasers, radars, ladars, mMine-Resistant Ambush Protected armored vehicles with turreted 50 cal machine guns, and even drones. Millions of bureaucrats, contractors, etc. can read our e-mail, regulate our soft drinks, fondle our privates, access our bank accounts, deny medical treatments, and track our movements.

It’s EZ-Pass up our a-s – and even small children can come equipped with transponders. Americans can be held incommunicado for years if captured on a “battlefield,” such as Chicago, provided the president labels them “terrorists.” Waterboarding, sleep deprivation, thermal discomfort and painful positioning is how we “secure these rights” in the 21st Century. Unless there’s permanent organ failure, it isn’t torture!

Our educational system spends more money than anyone else to churn out ADHD-drugged up functional illiterates with masters degrees and tons of student debt. The accredited over-tested narcissists having gone through years of New Math, Leave No Child Behind, Ebonics, Political Correctness, Common Core, and dozens of other bureaucratic fads taught by burned-out teachers in a system where administrators outnumber teachers.

Our Federal Reserve can miraculously create trillions of “dollars” at the press of a computer tab and, lo-and-behold, the banksters and hedge funds are bulging with newfound wealth. My 401k can rise $1000 while I’m in the bathroom. General Motors can turn out clunkers indefinitely and the people shout Amen! Employment drops 5 percent and inner cities resemble Hiroshima in 1945 while the Dow hits new highs.

But whatever corrupt rot, bureaucracy, dysfunctional hyperpartisan politics, or authoritarianism has evolved – it was not imposed on us by “terrorists,” Nazis, Commies, Martians, or even Mexicans, but by our own making (as Franklin foresaw). The self-government that was supposed to “secure these rights” now keeps us in a gilded cage with 500 TV channels in the Empire of the Welfare-Warfare State.

In the 1960’s show “The Prisoner,” Patrick Mc Goohan, “Number 6” was held captive in some “utopian ‘Village’” and asked, “Who is Number 1?” That’s easy, baby. It’s US! USA!! U-S-A!!!

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Myron Pauli with his late, lovely wife.

How2PickUpWomen

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Barely a Blog (BAB) contributor Myron Pauli grew up in Sunnyside Queens, went off to college in Cleveland and then spent time in a mental institution in Cambridge MA (MIT) with Benjamin Netanyahu (did not know him), and others until he was released with the “hostages” and Jimmy Carter on January 20, 1981, having defended his dissertation in nuclear physics. Most of the time since, he has worked on infrared sensors, mainly at Naval Research Laboratory in Washington DC. He was NOT named after Ron Paul but is distantly related to physicist Wolftgang Pauli; unfortunately, only the “good looks” were handed down and not the brains. He writes assorted song lyrics and essays reflecting his cynicism and classical liberalism. Click on the “BAB’s A List” category to access the Pauli archive.

Patriots For Private Property Push Back

IMMIGRATION, Media, Private Property

Matters boiled over in Murrieta, California (while Bill O’Reilly interviewed the Hollywood Idiocracy, and his photogenic philosophical twin, Megyn Kelly, did take number four or five in her “Endless Ayers” series. So much for news). Private-property patriots pushed back against an invasion, by uninvited dependent aliens, of their space, their bank accounts and possibly their bodies (by pathogens). The heroic stand athwart forced the invaders to back away. Alarming, however, is the idiot elite’s position: they pushed back not against the invaders and their proxies (the Feds), but against the patriots.

Murrieta’s obsequious, pathetic mayor, Alan Long, apologized for his townsmen, depicting the protest as “angry,” lacking in compassion and unreasonable. Replace the guy!

O’Reilly performed the same jig, suggesting that the patriots were unamerican and nasty.

As I said, the Idiot Elite.

Free Spaying For Stalinists

Constitution, Feminism, Healthcare, Law, Private Property

“Free Spaying For Stalinists” is the current column, now on WND. An excerpt:

Today we celebrate the proclamation of the Declaration of Independence, on July 4, 1776. Just how little is left, in 2014, of the Declaration’s unalienable rights was demonstrated by the Supreme Court’s ruling, in the case of the Secretary of Health And Human Services versus three faith-based, family owned businesses.

Having found a way to affirm the constitutionality of the unconstitutional Obamacare in the first place, a scurrilous SCOTUS, a branch in a tripartite tyranny, agreed to allow Conestoga Wood Specialties Corp., Hobby Lobby Stores Inc. (arts-and-crafts), and Mardel (Christian books) a miniscule degree of freedom in the use of their property. The individuals who own and control these businesses had objected to paying for what they consider abortifacients. Instead of being compelled to cover 20 FDA-approved methods of contraception favored by their employees, the firms will be permitted to pay for only 16.

The obsequious are celebrating. The owners, the Hahn and Green families, were facing crippling fines of “$475 million per year for Hobby Lobby, $33 million per year for Conestoga, as well as $15 million per year for Mardel.” By dictate of the Patient Protection and Affordable Care Act of 2010 (ACA), a refusal to pay for employees’ healthcare all together would have resulted in hefty penalties too.

The U.S. government—originally founded to uphold, not calibrate, the people’s leave-me-alone rights to life, liberty and property—had claimed that the free exercise of religion did not apply to for-profit corporations. The legal loadstar followed by government and Court alike is not the unequivocal Constitution—it instructs Congress to make no prohibition on the free exercise of religion—but rather the equivocating Religious Freedom Restoration Act (RFRA). …

Read the complete column, “Free Spaying For Stalinists”.

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