We receive a big shout out from Derbyshire over at VDare.com
Posted On: Monday - February 6th 2017 4:38PM MST
In Topics: Lefty MegaStupidity Websites Pundits
In the blog post Turkeys Vote For Thanksgiving–Gays Demonstrating For Muslim Immigration, citing the sheer imbecility of "WOMEN, JEWS, AND HOMOSEXUALS FOR ISLAM." John Derbyshire adds:
"I don’t know if we’ve reached Peak Liberalism yet, but we must surely be getting close to Peak Stupidity."
Apparently, he is on-board with our idea of Stupidity peaking out soon, at least as a pundit, not sure about as a mathematician.
We welcome the "shout-out" - and a big "pipe-the-fuck-down, use your inside voice" back atcha, slick. ;-}
No comments - Click here to start thread
Primer on the state of Global Financial Stupidity (Part 8)
Posted On: Monday - February 6th 2017 9:42AM MST
In Topics: Music Global Financial Stupidity
(Continued from here.)
Whew, again, this is not the most fun type of writing, but this stuff's got to be said, before the more interesting posts to come about the details in the current time, that could also point the reader to some of these primers for background - or one could read Zerohedge for 5 years running to get the big picture. You can do it the hard way, or you can do it the easy way ;-}
What about the rest of the world? Couldn't they bail us out if we get into trouble, kind of like we have done for them in the past? No, they could not, but they probably wouldn't have anyway, right? Looking back at countries with hyperinflation, say 1920's Germany or 1980's "the country formerly known as Rhodesia", from white-run breadbasket of Africa to black-run basket-case, we see that American dollars could at least be used by wise people to hold their wealth (or real money - Gold and Silver, of course). Loans from countries with well-functioning economies, usually the US were made to help in a transition from one economic meltdown to the next in Latin American countries in the past.
The problem now is not just in one country or even in one part of the world. Let's have a look-see around:
Even countries that seen to have their act together, such as Japan, turn out, upon readings of Zerohedge, to be in major financial holes of their own. Besides having a national-government debt of more than 200% of the GDP of the country, quite of bit of US Treasury bonds (debt) are held in Japan too.
Though the Chinese have the manufacturing might, such as that of 1960's America, the place still is run by Commies, so, on the scale of big-business, there is nothing like a real free market. Well-earned money is thrown into boondoggles and there is a housing bubble just like here, as people can not safely keep the monetary results of their labor in any other form. How can the people of this place create so much wealth (manufacturing, mining, etc.) yet be in so much debt? It comes from "mis-allocation" of assets - big projects get built that do not make money, and laws are changed daily to make financial dealing very uncertain. This kind of stuff would not happen in a free market. Were China a free-market with the people and infrastructure they have, hell, I'd be on the first
Then, there's the EU, run into the ground financially (and now, demographically) by the power-mad scum in Brussels.
Down under, you've got the Aussies and the Kiwis - their economies are not big enough to bail out the rest of the world, and Australia is being mined to supply China, so if China goes down, so do they. India has a large economy due to having such a large number people, but it will never be strong or solvent due to that same reason. Then there's the 3rd world, which is called that for a reason. Half of it is run by bailouts, so I don't believe they can help (shoot, maybe Øb☭ma's real family over in Kenya can pay a brudda back, mon).
I left out Russia, so far. I don't know enough about its current economy to write about it in general here, though I did recently read a lot about how bad the place was ravaged by foreigners in the 1990's after the Soviet Union fell apart. It's something that you didn't hear much about at the time in America, but it could be a good lesson. (Also, maybe we shouldn't try to start a war with them, eh?)
It's tempting to say "Hey, so we're all in the same boat - America is no worse - it's a zero-sum game", that kind of thing. American money is still the "reserve currency" used for international trading. That, and a comparison to other currencies is what's keeping it looking good now. However:
a) the reserve currency aspect can not hold up, as we don't create enough wealth to support the Dollar. People and governments around the world cannot keep accumulating our currency, when it doesn't stand for much.
b) even if our currency looks good compared to that of other nations or "E-Unions", it's just what's called "the cleanest dirty shirt"*. All of the currencies are "dirty", so ours being the cleanest is not something that's gonna help us in the long run. This paper and those digits in the banks' hard-drives just don't mean what they used to. We're gonna find out soon what happens when this becomes common knowledge.
No, we're all in a big hole, folks. The first part of any solution is to stop digging, and we haven't even done that yet.
* I believe the expression came from this great Kris Kristofferson song titled "Sunday Morning Coming Down". Here is the song sung by Shawn Mullins:
Comments (2)
Primer on the state of Global Financial Stupidity (Part 7)
Posted On: Monday - February 6th 2017 8:44AM MST
In Topics: Global Financial Stupidity
(Continued from here.)
Part 6 was just updated to indicate that THIS ONE (Part 7) is to be about consumer debt and Part 8 about the problems around the rest of the world.
Of course, there isn't enough room in one post to go over the details of any of this, but these "primers" are just that, an introduction to the problem. While discussing the ways that different obligations, sometimes in the form of paper debt "instruments", and other times just promises on a contract or in pension plan brochure, are interrelated, in Part 6, a big item was skipped. That is consumer debt.
Americans, on average, have quite a lot of debt on their own, not related to any of the stuff big government is up to. One could say that their governments are just going to do what Americans let them, but I believe that, especially our Feral Gov't, they are out of our control now anyway. It is probably the case that Americans don't have enough worry about the consequences of governments having sky-high debt and obligations due to the fact that it's just a part of everyday life for most families also in this day and age.
The biggies are mortgage debt and other loans against people's biggest asset, their homes, credit-card debt, college loans, and auto loans. If you went back to the early, and even mid 1970's, you would find that only the first of these 4 was any kind of significant number. Yes, you'd have to go back quite far to get to the time when people bought houses without payments, but the money wasn't lent out so readily, before the US Gov't got it's dirty hands in this business.
Car loans have been around 2nd longest, but 4-year payment plans were the highest you'd get until just a few decades back. Now, people are getting as long as 7-year terms for pay-back! (It sounds worse in months - only an 84 month plan! - the coupon book - do they still have those? - would be a half-inch thick - kinda depressing.) This business, as of late, the last 5 years, has become the new sub-prime business, as they'll come up with any plan that has payments small enough for the buyer to squeak by on. It keeps the cars moving off the lots, and the repo business has gotten a lot safer lately, with the new technology to, say, disable the vehicle in the parking lot while the repo man knows the
Credit cards have been around for 50 years or more, but they weren't something that average Americans depended on regularly for their financial dealings that far back. I can remember getting one just to take care of buying items over the phone, but really only for that reason (I'm very glad to have grown up in a conservative family). Debit cards took care of the problem of buying things remotely, so that's not the reason most people have credit cards now. People want to spend to the max and feel they are doing OK if all the paychecks in the family cover the payments.
Lastly, the student loan debt is orders of magnitude greater (even in real dollars) than 3 decades ago. PeakStupidity featured a short post about this already, but there is much to say about this, and we have a particularly lot of experience in the University environment.
Again, this is just intro. and not very entertaining even as I read over it myself, but the detail posts will be more interesting, I promise. The large point here is that the numbers are very HIGH compared to the recent past, even in real dollar terms, of all this consumer debt. At the same time, the number of jobs that could enable a large portion of American society to live a middle class lifestyle and keep covering it's debt is much LOWER and decreasing.
As mentioned in my examples of the interrelationship of money/debt over the economy, this consumer debt, much of which is totally unpayable, is held as assets by what-have-you, other people's pension plans, your 401K account, etc. There's no tightening up on one part of this mess without causing pain everywhere else.
Next up, and the last of the "primers", will be a short discussion about the state of the world compared to America's debt problems.
Comments (3)
Jack Straw from Wichita
Posted On: Saturday - February 4th 2017 6:14PM MST
In Topics: Music The Dead
from the Europe '72 album
Good night, readers.
No comments - Click here to start thread
These
Posted On: Saturday - February 4th 2017 6:06PM MST
In Topics: TV, aka Gov't Media Globalists Media Stupidity ctrl-left
This is really a continuation of the last post, about the Berzerkely rioters, but I think it can stand on it's own. It also could be a Part 2 of this one: FACE IT, GLOBALISTS, YOU SCREWED THE POOCH!, about the LP (Lyin' Press) and the outright lies they spew that they KNOW people don't believe anymore (yet, spew they do - hey, I'm a poet and didn't know-it).
This one link, Reich Rips Third Reich-loving Alt-Reich for Reichstag Fire False Flag at Berkeley - great title by Sailer - from the last post is a good example. Does Mr. Reich really believe that many people would believe him that the riots against the gay guy Milo Whatever were instigated by the right to then cause a crack-down? Really, the evidence and all logic do not point to this idiotic theory. Yet, this
As I wrote in the "YOU SCREWED THE POOCH" post, this kind of talk may have worked fine through the 1980's even, when most people still watched only certain TV channels, and the newspapers were not quite as bad as Soviet Russian "Pravda", so they were mostly believed. Anyone with some truth about the real story wouldn't have too many ways to get this truth out. You wouldn't be directly shut up, as the Bezerkeley rioters have done to Milo, but then, they didn't need to do that, as your story would not go far.
Then came, ... dum-dee-dum-dum, ... the internet. Thanks a lot, Al Gore, you Carbophobic bastard! (Yes, he has an irrational fear of Carbon, this college drop-out living in the California coastal mansion.) You ruined it for the lying press by your single-handed creation of the Internet Protocol (often called the Protocols of the Elders of Gore). I don't know why they even still talk to you.
Now, mind you, after things started to get a little out of hand in the early oughts, with say, Instapundit (libertarian), then the Patriot constitutionalist sites, and VDare, Zerohedge, the Globalist elites still figured things could be put back under control pretty damn quickly if they set their minds, money, and AntiChrist to work on it. Well, it turned out that it wasn't as easy as TV and newspapers - just buy them all up, let a rich Mexican buy the NY Slimes, a Seattle-based punk-assed geek buy the Washington FS paper and keep 6 companies in charge of all the TV networks. Start the journo-list groups with the common talking points, keep them happy by letting them ride on Air Force One and be the only ones let in to the gov't press conferences.
It's not quite so easy to OWN THE INTERNET, is it, Davos boys? We know you're trying a lot of things, but face it, you're computer-tech illiterates, the AntiChrist Soros doesn't know dick about anything technical, and a lot of the computer-tech people are not on your side.
Now, along comes PeakStupidity.com.
SOROS, YOU MAGNIFICENT BASTARD, WE READ YOUR BOOK!
These people have been getting their way and keeping us at on the road to globalism, one-world government and away from individualism and the American Republic at high speed for decades now. They are not at all used to giving one inch. This small setback for them in the form of the Donald Trump victory is, well, let's say they are not taking it well at all. These people are NOT USED TO LOSING, but they better get ready for MUCH MORE!
No comments - Click here to start thread
Piles of posts by Mr. Steve Sailer on Unz.com/VDare about Berzerkely, etc.
Posted On: Saturday - February 4th 2017 5:31PM MST
In Topics: Lefty MegaStupidity Student and other Snowflakes Pundits Globalists
Mr. Sailer, as described herein, is a pundit extraordinaire. There's no way to keep up with this guy, and he does almost as much writing as Zerohedge, though they are legion and he is one man. Well, also Zerohedge writes short posts and about 1/2 of them are re-posted from some contributing sites/pundits, while Steve's are longer, with appropriate videos interspersed, and more thoughtful. What happens is that he will get on a subject and get into it in such detail that he becomes an expert, though at some point the reader may wonder "what the hell is this crap, and why should I care?"
An example from this week is the posts about the Berzerkely, California violent rioting sickos (hey, not that rioting is sick, it's just that these people are either nuts or just pro's that are paid well by the usual suspects). In order, from (hopefully), the start:
Berkeley's Anti-Free Speech Movement
Why Aren't the Berkeley Anti-free Speech Beatings by Masked Men Being Called "Hate Crimes?"
A Decent NYT Article on the Berkeley Kristallnacht
Trump Ed Dept. Should Issue 1st Amendment "Dear Colleague" Letter to Colleges
"Whose Campus? Our Campus!"
Heckuva Job, Berkeleyie
Why Is It Legal to Wear a Mask to a Riot? (WE ABSOLUTELY DO NOT AGREE WITH SAILER ON THIS ONE!)
Reich Rips Third Reich-loving Alt-Reich for Reichstag Fire False Flag at Berkeley
"This Is HATE! ... I'm a PROFESSOR! HOW DARE YOU?!!"
Violence, Dissent, Conformity
This was just in 1/2 a week, in addition to at least 50% more other posts, and possibly he's got a job.
Unz.com also has many other good writers. After I write a review of the site, it will go in the blogroll to the right side.
No comments - Click here to start thread
Primer on the state of Global Financial Stupidity (Part 6)
Posted On: Saturday - February 4th 2017 4:40PM MST
In Topics: Global Financial Stupidity
(Continued from here.)
The first 5 parts of this series of posts have focused only on the huge US Feral Gov't Debt to try to explain the financial crisis/pain coming. This is a BIG PROBLEM, but only a small-size chunk of the BIGGER PROBLEM. Now, we need to delve into both a) other kinds of debt that are out of hand, and b) debt in other parts of the world.
The bigger problem looming with regard to debt does not really involve actual paper "instruments", as the financial green-eyeshade, white-shoe boys (what the hell does that even mean? ;=} call them. I am writing about promises, that may be in the form of contracts, benefits summaries, or just the jaw-jawing over 50 years by the political class to American citizens about what they've got coming to them. To be more specific, there are gov't pensions (at all levels of government), private pension plans, social security (topic for a whole nother post - working title: "Hey, you fucked up; you trusted us!"), medicare, private health plans, etc. This type of debt can not be easily be counted. On Zerohedge, the number bandied about is 200 Trillion dollars worth of these obligations. I would just take this number as just an order of magnitude estimate - some of the obligations may be counted more easily than others.
People were told by big organizations, either companies, or more so, governments of various sorts, in writing, that this is what you have coming. However, the money coming for all these types of arrangements is not accumulated and sitting nicely in a fireproof safe somewhere - we should all know that by now. The problem is that the money also doesn't just sit as digits in the computers of the banks even. It has to go somewhere, so it is used to buy bonds (of all sorts) or goes into the stock market, or is invested in something or other. Even more importantly, the money put in, if there is any, by the supposed beneficiary of all these cool deals mostly is not even close to what's promised. This is where the creative accounting comes in to show that your pension is solvent, or social security, hahahaaaaa, is, hahaaaaa, cough, spit, aaaahhh, sorry, is solvent, and you get the money shown on that statement that comes each year working for you to add to a nice payment for you some time, in the, hahahaaa, future.* Of course, your money will be compounded each year by a bunch of interest, which, for almost a decade running is pretty close to 0. The math hasn't been working out very well for these private financial obligations, and the government ones, especially the Fed ones, are very close to Ponzi schemes.
The numbers don't work unless the money can "work for us". Were interest rates to go up to normal, customer-accepted time-value-of-money, levels, not controlled by the Fed Reserve, some of the non-government plans and even some conservative state/city plans may be solvent. They say to this day that calculations are based on interest rates of 7-8% or so. If interest went back up to the our US Fed-Gov't budget would have to account for 1/4 to 1/2 of its expenditures just for interest (take 7-8% of $20,000,000,000,000. that's on loan, vs. a $4,000,000,000,000 budget. They cannot let interest rates rise, or that blows the budget, causing more need to borrow! It's like the coffin corner in high-speed aerodynamics, or in non-aerodynamicist's terms "being between a rock and a hard place".
What the interest rate problem does is force even normally-conservative managers of money to put the money into risky markets to get the high levels of return that are built into the math that makes these plans sound solvent. That's what goes on today, which is why even though we should have to care about the Dow Jones average if we're not invested, if it takes a plunge, all these financial obligations take a plunge with it.
The crux of the matter here is that money and these monetary instruments that hold our supposed future support (financial and medical) are fungible, or are like commodities. They are spread out all over and can't be separated back out by which ones were more conservative and which beneficiaries are more deserving. It's like this: this trucking company's pension funds may be partly in municipal bonds of the city of Anaheim, CA, which is in debt, the debt of which is held partially by a mutual fund - people's IRA or 401K money. The mortgages of 100,000 deadbeat home"owners" or the student loan obligations of 2,000,000 womyn's studies, art history, and grievance-studies majors from all over the Ivy league and the Pac-10 may be held by the pension fund of the state of New Hampshire or some even bigger suckers over in Denmark.
This way, it can all crash together at the same time, so, your know, there's that, at least.
Part 7 will discuss the huge amount of consumer debt, focusing still on this country. Part 8 will discuss international aspects of the Global Financial Stupidity upcoming crises. Stay tuned, but no posts on Sunday.
* Keep in mind, I am speaking in real dollar terms when I write that this money will not be there. In nominal US dollars, after some years of high inflation, yeah, you may even get the $1800/month after you're 65 y/o, as you have been promised - it's just that your rent may be $5,000/ month for your studio apartment and the S&S cafeteria costs about $85 a meal, and that's only during the EARLY BIRD SPECIAL!
No comments - Click here to start thread
More evidence of the political push for Global Climate DisruptionTM nonsense
Posted On: Friday - February 3rd 2017 12:24PM MST
In Topics: Global Climate Stupidity Globalists
Zerohedge featured this Martin Armstrong post: U.N. Official Admits Global Warming Agenda Is Really About Destroying Capitalism today.
PeakStupidity is running out of time right now, so no commentary of note right now, but previous posts about the Global Climate DisruptionTM issue can be viewed by topic key and these 5, in sequential order (1, 2, 3, 4, and 5) are about the political aspect of the GCD mess.
A shocking statement was made by a United Nations official Christiana Figueres at a news conference in Brussels.
Figueres admitted that the Global Warming conspiracy set by the U.N.’s Framework Convention on Climate Change, of which she is the executive secretary, has a goal not of environmental activists is not to save the world from ecological calamity, but to destroy capitalism. She said very casually:
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution.”
She even restated that goal ensuring it was not a mistake:
“This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model for the first time in human history.”
I was invited to a major political dinner in Washington with the former Chairman of Temple University since I advised the University with respect to its portfolio. We were seated at one of those round tables with ten people. Because we were invited from a university, they placed us with the heads of the various environmental groups. They assumed they were in friendly company and began speaking freely. Dick Fox, my friend, began to lead them on to get the truth behind their movement. Lo and behold, they too admitted it was not about the environment, but to reduce population growth. Dick then asked them, “Whose grandchild are we trying to prevent from being born? Yours or mine?
All of these movements seem to have a hidden agenda that the press helps to misrepresent all the time. One must wonder, at what point will the press realize they are destroying their own future?
I've got nothing to add, your honor.
Comments (2)
What is the motivation of the MSM?
Posted On: Thursday - February 2nd 2017 6:21PM MST
In Topics: Lefty MegaStupidity TV, aka Gov't Media Media Stupidity
In this great article in VDare by James Kirkpatrick a week ago titled Refugee Ranting Further Proof: MSM Is The “Opposition Party”, the following few paragraphs of Mr. Kirkpatrick bring up an interesting question.
Perhaps the one positive change which can be identified on network television: the rise of Tucker Carlson at Fox News. Not surprisingly, he is far outpacing the ratings of Trump foe Megyn Kelly’s former show. [Fox’s Tucker Carlson nearly doubling Kelly’s prime-time ratings, by Joe Concha, The Hill, January 24, 2017]
If corporate executives really were interested in money, one would think they would take a lesson.
But they are not. In fact, the emerging result of Trump’s victory: an increased MSM crackdown on nationalist and populist views.
The attempt to use “fake news” as an excuse to shut down alternative media outlets was only the beginning. Thus, since the election, reporters around the world have busied themselves trying to dox (= publish personal information) and get fired any figure right of the Huffington Post. For example, YouTube personality “Millennial Woes,” noted for his extremely soft-spoken, rational delivery, was attacked in the most outrageous terms by the Daily Record and forced to flee Scotland. [Archive.Is link, Vile YouTube racist flees to US and puts out the begging bowl after Record exposes him, January 11, 2017]
(Note, again, that this is only about 10% of the whole article - read the whole thing, as the Instapundit always says.)
What is the motivation of what Mr. Kirkpatrick calls, with that quaint "oughts" term, "MSM", now known as the "LP" (Lying Press) or "Government Media"? They are private enterprises, aren't they? That is a better question than one might think, hence, PeakStupidity's term "Government Media". If they were truly private enterprises, they would have to concentrate foremost on making profits. That explains CNN especially, but all of the TV networks' airing of "infotainment" all the time, as the stories drag on for weeks. I singled out CNN, as they started running all day long more than 2 decades back, so they needed these long-running sagas to keep the viewers watching, as if they were mini-series. In that case, one could say, they've got every right to put on anything but slander, and it's up to the viewer to turn the damn TV off. As any profitable business would, the LP should be expected, therefore, to try to hold on to the most viewers and readers, as this keeps the advertisers paying.
However, as things have gotten more polarized over also about 2 decades running, between the globalist/elites with their fringe-groups and useful idiots, and most of the rest of the normal Americans, the media has completely taken the side of the former "folks" (by "folks", we mean more like "evil beings"). Why? The latter group still is a majority by a decent margin. The '16 election was close, but I believe the regular Americans were still under-represented and the globalist/elites/LP/fringes/U-Idiots over-represented. The true numbers will show up only when things get really nasty. Anyway, why would they not only alienate a majority of would-be viewers and readers via neglect, but nowadays even via flat-out rage, hatred, and disdain?
Show me the profit in this behavior? PeakStupidity's working theory (not as yet modeled on our super-stupid computers by our geeks in Bombay) is that the LP is beyond caring about making profits via good ole tried-and-true bidness methods. They have 2 things going on which separates them from the old ways:
1) The reason we use the term Gov't Media lots is due to the current relationship between media and government - by far most importantly the US Feral Gov't. This government has gotten so huge that the LP can completely make enough of their news on this government alone to fill the 24 hours in a day. It is in the best interest of the LP that the US gov't stay huge and keep making laws and arbitrary regulations that have big effects on people's lives. Why? This is because a viewer or reader nowadays has a need to pay attention, because every day of the week could bring another change to his life or livelihood due to some gov't bullshit program or another.
2) At this late stage of the US Gov't Beast, the LP has good reason to believe that they will all be bailed out by the remaining US
Well, in answer to writer James Kirkpatrick's question, this is our theory, and we're stickin' to it.
(Part 6, the real meat of the Global Financial Stupidity Primer, may not come out until the weekend. Our biggest PS apologies.)
No comments - Click here to start thread
Primer on the state of Global Financial Stupidity (Part 5)
Posted On: Thursday - February 2nd 2017 8:39AM MST
In Topics: Global Financial Stupidity
It's been over a week since any writing here about the financial crash coming, the basic info about which has been written in 4 posts ( previous one - Part 4 - here ) under the Topic Key Global Financial Stupidity.
To continue now, from here, first I want to try to explain why there REALLY is a problem; it's not just the same old talk you've heard since the Reagan administration. Also, for this purpose, and as briefly mentioned in the first of these posts, we have just focused on US Feral Gov't debt and nothing else so far. We will remedy that in Part 6.
Anyone who has kept up with US gov't news, political debates, etc. for a long length of time may be very jaded and/or just plain bored with the talk about "national debt", "crisis coming", "crisis narrowly averted", etc. Sure, the numbers have been big for a long time, and nothing bad has happened - who cares if the money never gets paid back, whatever. This is understandable, as one may figure this is just as much a "boy who cried wolf" scenario as the Global Climate DisruptionTM scam, which, indeed, IS. Listen, though, a national debt of hundreds of billions of dollars up through the 1970's, then less than 2 1/2 trillion though the 1980's is not in the same order of magnitude as the 20 trillion dollars
now. Look at the graph - please ignore the commentary in blue - not from PeakStupidity, but could be discussed later.
Yes, there's been inflation (a lot more than the US Gov't wants to admit), but not an order of magnitude since the late 1980's, possibly actual values of 150 - 300 % price increases (1.5X to 3X) on goods and services, and varying widely. That's not an order of magnitude, which means 10X. The following graph shows this debt as a ratio to the nations GDP, formerly GNP, which not just divides out the inflation, but factors for a bigger economy, etc.
Right now, the problem is that the debt is not only large, but the 1st derivative, or slope, is pretty high - there are large increases each year. (Just for the record, it doesn't look like an increasing 1st derivative, meaning it can't be exponential - we kinda wish non-math people would quit using this word exponential wrongly - just quit it!) Anyway, the increase each year is the amount of spending minus the gov't theft of money from American taxpayers. The increase - called the "yearly deficit" also equals the yearly additional borrowing, which may really be in the form of creation of money by the Federal Reserve in collusion with the US Treasury Dept. This creation of money puts additional debt onto the books - no you taxpayers never see this money, unless you've got your money in US Treasuries, like a damn fool.
Let's go back to the $200,000 number, the apportionment of this debt per taxpaying household from the first of this series again. We just figured, even on a 20 year payment plan, that would satisfy bondholders if really complied with; that's 10 Grand a year of extra taxation - not possible! What if we could just stem the flow of the red ink, i.e. just stop the shortfall - make the deficit zero, to give people confidence that that 20 Trillion bucks could then eventually be eaten away by slow steady inflation that erodes the hell out of any responsible people's savings. The yearly deficits are running around a trillion dollars so the math comes down to that same $10,000/year figure - so again - not possible!.
No comments - Click here to start thread
Last dig at Øb☭ma - to a great tune by Paul Simon
Posted On: Tuesday - January 31st 2017 6:56PM MST
In Topics: Music Humor AntiChrist
The thing is, the lyrics below were written by proto-PeakStupidity back in the spring of '11, and should have been put up long ago. (Note the reference to The Donald, regarding the birther controversy.) The lyrics, now that I look at them again, could really apply to the present day, as we hope to see this guy go "...don't know where he's goin', take your own time, cause we all don't care..."
Well the Mama Øb☭ma rolled outta bed,
and she ran to the police station.
When the birthers found out, they began to shout,
and they started the investigation.
It's against the law,
it was against the law,
Article II, sect. 1, paragraph faw,
it is against the law.
The voters look down and spit on the ground
every time my name gets mentioned.
The Donald said "oh, if I get that boy,
I'm gonna stick him in the house of detention."
Well, I'm on my way,
don't know where I'm goin'
I'm on my way,
on the taxpayers' dime,
but I don't know where.
Goodbye middle class,
here's a case of Corona.
See you, me, and Julio down
by the schoolyard.
In a couple of days Soros'll take me away,
but the press makes the story reek.
And when the radical preacher
come to get me released,
we was all talkin' totally Newspeak.
And I'm on my way
I don't know where I'm goin'
I'm on my way.
I'm bustin' a rhyme,
cause I got nappy hair.
Goodbye to Rosie,
and the show Oklahoma,
see you, me, and Coolio
down at the schoolyard.
I was really running out of ideas by the last coupla' verses - can you tell?
No comments - Click here to start thread
Drudge - displaying the stupidity via headlines & more on Schumer
Posted On: Tuesday - January 31st 2017 9:34AM MST
In Topics: Commies Immigration Stupidity Pundits Globalists
As mentioned here Matt Drudge has his technique of juxtaposing his headline links to show the hypocrisy/stupidity of the world.
Example:
The point of the automation-related headline/link is to make the reader see a point - why do we want massive immigration, again?
Firstly, boycotting Starbucks is a no-brainer at this point, but, as explained herein boycotting can be very difficult when you don't buy any of the crap to begin with.
This relates to the previous post about Senator Schumer's hissy fit (the left wing and globalists have been getting their way for so long, that they can't handle any disruption off the path to globalism.) Here is part of what Schumer said from the Washington Examiner:
"Tears are running down the cheeks of the Statue of Liberty tonight as a grand tradition of America, welcoming immigrants, that has existed since America was founded, has been stomped upon," Schumer said in a statement.
"Taking in immigrants and refugees is not only humanitarian but has also boosted our economy and created jobs decade after decade," he said. "This is one of the most backward and nasty executive orders that the president has issued."
A) The Statue of Liberty was a gift from France on the 100th anniversary of the founding of the country and it stood for freedom - not a damn thing to do with immigration. The immigration tie-in to this statue is just due to some plaque by a hack poet Emma Lazarus that is bolted or welded on to Miss Liberty somewhere at the bottom.
B) How has taking in more people created jobs? Who's taking the jobs - the new people? How deluded is this Schumer?
C) You want to see some nasty executive orders? Look back 11 days,
No comments - Click here to start thread
I feel tears welling up from down deep inside, like my heart's sprung a big break ...
Posted On: Tuesday - January 31st 2017 8:42AM MST
In Topics: Commies Genderbenders Immigration Stupidity Lefty MegaStupidity Music The Dead Globalists
Stop whining, Senator, or we'll give you something to cry about!
Apparently, trying to control your country's borders, and AT LEAST, AT A MINIMUM, FOR NOW!, keeping people that want to kill you out, is very "mean-spirited". Chuck Schumer stands with some kids in the photo-op, that you figure are probably not bad kids - it's hard to fault the little ones for anything. Schumer doesn't want to listen or understand anyone that tells him that who knows what the teenagers will be like once they grow up with parents (and all the people in their surroundings) that never really like the Western ways, and may even have a real grudge, seeing as we may have bombed the crap out of some family member's wedding back in "the old country".
This lady's video will show you a little about the culture of these people, if they live as they do in "the old country" - which they do nowadays, as there is no assimilation (assimilation is mean-spirited or something.)
You wonder if the
How about you and your neo-con butt-buddies, like Miss Gramnesty of SC, and the senile old Juan McCain, stop starting wars and bombing the hell out of people all over the Middle East, so there won't be as many refugees? Is this the type of logical thinking ahead that only men can do - the type that don't cry on TV during press conferences?
What we at PeakStupidity think is that, based on his feelings and moods and his emotional state, this slobbering fool is not a man at all but a woman. We figure Schumer* changed to a woman a while back, but has just not finished the paperwork.
* Look for an Execrable Charlene Schumer on the Senate floor in the near future.
As to the post title, it's from The Race is On, written by Don Rollings, sung by George Jones back in 1964, and, as usual, done best by a truly All-American band, The Dead, in the early 1980's on their Dead Reckoning acoustic album:
Great singing by Bobby, pretty good lead by Jerry, considering it's acoustic, nice piano by Brent Mydland and these great country lyrics with the racetrack metaphor(?).
First verse:
I feel tears wellin' up
from down and deep inside
Like my heart's sprung a big break,
and a stab of loneliness sharp and painful
that I may never shake.
Now, you might say that I was takin' it hard
since you wrote me off with a call,
but don't you wager that I'll hide the sorrow
When I may break right down and bawl
Comments (2)
Bono, you'd be serving up
Posted On: Monday - January 30th 2017 7:04PM MST
In Topics: Lefty MegaStupidity Music
The subject of artists and celebrities popping their mouths off and getting into politics was brought up just for a minute in this music post a few days back. To add a bit more on the subject we introduce exhibit A, one "Bono" of the band U2, from county somethin-or-other, Ireland.
This guy has been hassling the hell out of all of Western society for well nigh 20 years and counting, telling us we need to do more of this, stop doing that, shell out more of our hard-earned cash for this, and listen to him more. What is it about these people that think being famous and rich makes them smarter and more knowledgeable than anyone else? There's no doubt that this guy has a great voice for rock music. I would put U2 in a list of the top 100 rock bands of all time, but listen, Bono, if that's your real name, you'd still be serving
So, as the fans probably yell at the shows, Hey Bono, shut up and sing!
Found the live, longer version of "Bad" - this one rocks and should be turned up until the stuff on the mantle starts vibrating and falling to the floor. Then, back it off a notch.
No comments - Click here to start thread
Drudge headlines - looks like interesting times are upon us
Posted On: Monday - January 30th 2017 6:26PM MST
In Topics: Immigration Stupidity Pundits
As we wrote about in this old post, perusing the DrudgeReport headlines can make one think the world will be ending fairly soon.
Above are some of today's headlines regarding the Trump border control orders of a coupla' days back, and one could be excused readily for believing we are in the end times, but it's just the "interesting times" that have been mentioned a lot lately inside some of my Chinese fortune cookies (most likely). (I'm getting a lot of the same lotto numbers too, so I think the Happy/Fortune Co. Inc Q/A department is on vacation on
No comments - Click here to start thread
Sally Yates - ya fiyad!
Posted On: Monday - January 30th 2017 6:14PM MST
In Topics: Trump
The acting Acting US Attorney, Sally Yales does not want to follow the bosses instructions, per zerohedge: Mutiny? Acting Attorney General Orders Justice Department Not To Defend Trump Executive Order.
Listen, I'm the first to respect someone who will not follow orders per unconstitutionality or stupidity or what-have-you. In the article, though, this lady's rationale, in her words seemed like a bunch of BS, especially the 2nd paragraph here, which just says she doesn't want to enforce these orders, that's all:
My role is different from that of the Office of Legal Counsel (OLC), which, through administrations of both parties, has reviewed Executive Orders for form and legality before they are issued. OLC's review is limited to the narrow question of whether, in OLC's view, a proposed Executive Order is lawful on its face and properly drafted. Its review does not take account of statements made by an administration or it surrogates close in time to the issuance of an Executive Order that may bear on the order's purpose. And importantly, it does not address whether any policy choice embodied in an Executive Order is wise or just.
Similarly, in litigation, DOJ Civil Division lawyers are charged with advancing reasonable legal arguments that can be made supporting an Executive Order. But my role as leader of this institution is different and broader. My responsibility is to ensure that the position of the Department of Justice is not only legally defensible, but is informed by our best view of what the law is after consideration of all the facts. In addition, I am responsible for ensuring that the positions we take in court remain consistent with this institution's solemn obligation to always seek justice and stand for what is right. At present, I am not convinced that the defense of the Executive Order is consistent with these responsibilities nor am I convinced that the Executive Order is lawful.
Regarding Mr. Trump's old TV show, this is the only thing I can remember from watching some ad for it long ago on the TV:
Miss Yates - YA FIYAD!
No comments - Click here to start thread
Illegal Aliens' effect on Election '16
Posted On: Monday - January 30th 2017 9:12AM MST
In Topics: Elections '16 - '26 Immigration Stupidity California
Yeah, old news, but it relates to the previous post regarding the talk about fraudulent voting, which is still going on (the voting and the talking).
Another commenter at Amren, who's name and comment I cannot find anymore, brought up a good point, which I had neither thought of nor read elsewhere. The 800,000 illegal alien voters number that has been bandied about is one thing, but there is another factor, especially important regarding California. The state of California for which 55 electoral votes are counted, is a major factor in every national election. Of course, it's a lost cause for everyone but the left-wing at this point, but that's 55 votes of lost cause, out of 538, just over 10%.
What the commenter brought up was the point that the numbers of these electoral votes per state (and also, we all know, the number of congressmen apportioned to the state) are determined from US Census numbers for an every 10-year count. You'd figure that, but his question was how many illegal aliens were counted in the census, and how would that have changed the apportionment of electoral votes? It's a very good question.
The first reply from some defenders of the illegal invaders to that question would be that, "... no, of course, these people are living in the shadows ... they won't talk to anyone...", etc. Bull! When you see protests in the street with people who explain on the damn bullhorn how they are illegal aliens and want this and want that, you can see they are not living in any shadows. I would think you may get a pretty large count in a state like California. In fact, a guy like me would have less to say (story for another post) to the census guy than an illegal. Keep in mind that for a heavily left-wing state like CA any state people, and most of the Fed people, involved with the census would be all for pumping up the numbers. They'd want to pump up the numbers for 2 reasons: A) to get the illegals, who vote heavily democrat to become part of the political process, and more importantly B) to get the total count up raise the electoral vote number for CA.
Let's be realistic about the numbers also - this 11 million number is total bull, as that number of illegal aliens was claimed back at the turn of the century, and it was rectal extraction-based, just as my 30 million right now is. I could see there being 5 million illegals just in California, and yes, I have spent time there.
Anyway, it's a great point that the commenter on Ameren brought up, and I wish I could claim credit for independent thoughts on this, but I can't. The effect on illegal invaders being in our country and voting is one thing, but the change in apportionment in votes to the states (about the only power they have left) could have been even more important. Imagine CA had only 40 votes - just that would have made a big difference in Election '16
No comments - Click here to start thread
Is Trump a mastermind against the LP
Posted On: Monday - January 30th 2017 7:51AM MST
In Topics: Trump Media Stupidity
("LP" is "Lyin' Press")
A commenter on this article on Amren.com, titled "Trump Argument Bolstered: Clinton Could Have Received 800,000 Votes From Non-citizens, Study Finds.", brings up an interesting question.
Is Trump, along with his adviser types, smarter than we think in dealing with his domestic enemies, the most powerful being the LP? PeakStupidity has mentioned that we don't think Trump is the most aware guy we could have, say compared to Ron Paul, of the root of the problems we have in this country. He is not as smart and truly educated in this realm like a Ron Paul or Pat Buchanan, etc. However, in a way one might call "shrewd", Trump and his people may be operating on a level above our heads. It takes people who understand the type of evil, moronic, immoral people that your enemies consist of to stay ahead of their lies and foil them in their efforts.
Here's what a guy named Question Diversity had to say:
Question Diversity • 3 days ago(Boldness by PeakStupidity)
Honestly, I don't think Trump talking about voter fraud really has anything to do with proving that there were more fraudulent votes cast than the (legally irrelevant) national popular vote margin against him.
You have to remember that Trump is a high stakes poker player, figuratively speaking.
Trump knows that all this prattlebatt about the (legally irrelevant) national popular vote and that he did not win it is just a psychological attempt to delegitimize his governing authority. Therefore, he's seeing that attempt and raising them an attempt to delegitimize the delegitimization effort.
The more he talks about having Jeff Sessions bring the hammer down, the more this will force Soros to tell his rent-a-mobs to shut up about the popular vote. Because what Trump's enemies don't want is any investigation over any voter fraud, because any voter fraud in any Federal elections means Federal prison time, and the fraudsters really don't want to go to Federal prison. They do want to preserve their voter fraud machine.
Remember the Jill Stein (remember her?) led Michigan recount? Notice how quickly that got shut down when hanky panky out of Detroit threatened to bubble up to the surface? See what I mean?
We're living in the middle of a poker table.
This commenter brings up a level of thinking that we at PeakStupidity have not reached, if it's right, and he is just speculating. Yeah, this type of thinking doesn't usually come from straight-arrow honest men, but it is what we need against all the people arrayed for the status quo and against Mr. Trump. It makes sense that Trump is a mastermind like this based on all his experience in doing high-dollar business in New York City.
No comments - Click here to start thread
Please like this post, Mark Zuckerberg as I need more facebook friends ....
Posted On: Saturday - January 28th 2017 7:50PM MST
In Topics: Commies Immigration Stupidity California Trump Artificial Stupidity
.... like I need another hole in the head. (Yes, we all have a few - some more than others - holes in the head, I mean, not Facebook friends.)
Per VDare again, in an article titled Obstructing Justice, Destroying Records–Time To Move Against The “Sanctuary State” Of California, they get to some of the real reasons that the elite of California are freaking out. They need the cheap labor in the software tech. industry via the H1-B Visa-fraud program.
It is now clear why Chuck Schumer is holding up the confirmation of Jeff Sessions . Schumer is terrified that the Department of Justice will become the hammer that takes down the powerhouse that lies behind the Democrat Party, the money and votes in California.
Mark Zuckerberg recently attacked President Donald John Trump in a speech about Facebook’s corporate future. The threat there being the cheap labor that will soon be going away. Zuckerberg’s billions will have to soon go to paying American computer programmers a higher wage.
[Non-VDare part] Facebook CEO Mark Zuckerberg on Friday blasted President Donald Trump’s executive orders relating to immigration. “Like many of you, I’m concerned about the impact of the recent executive orders signed by President Trump,” Zuckerberg wrote on Facebook. “We need to keep this country safe, but we should do that by focusing on people who actually pose a threat.”
[Mark Zuckerberg Blasts Trump’s Executive Orders, The Daily Beast, January 27, 2017]
[End of Non-VDare part]
The real fear is that there is a draft executive order in the works that will greatly restrict illegal use of expired F-1 Student Visa holders and fraudulently obtained H-1B work visa holders by Facebook and other tech companies.
Two things to say here:
1) With all this trouble from California all of the state's rights issues can be debated again, and this could be a good thing - the CA elites only care about state's rights on the issues here (control of the nation's borders have NEVER, EVER been seen as a state's right, of course), but they are going to open up a can of worms. It'd be great to be a conservative state governor right now, and there are a lot of them.
2) Regarding the IT field, before this H1B Visa thing became their way out, American software companies had to pay fairly good wages, and I personally knew many young men without college degrees (just overall smart guys) that had it very good in this field. One could raise a family decently, not the family of dot-Indians living as indentured servants, as it goes now.
**********************
FULL DISCLOSURE: PeakStupidity is not on Facebook, we do not "like" anybody on Facebook, we don't like Facebook itself, we do not "follow" or "stalk" anyone on Facebook, and we actively "dislike" the founder of Facebook, so all you "Facebook Friends" can click the "kiss my ass" link at the bottom to "defriend" the living shit out of PeakStupidity for all we care. [Sorry, for the language - we do have lawyers on retainer who write these disclosures but a lot of them are ex-cons and don't clean up real good.]
**********************
A top member of the PeakStupidity law-team captured on video:
Comments (2)
Is NATO Obsolete?
Posted On: Saturday - January 28th 2017 7:36PM MST
In Topics: Trump Pundits Liberty/Libertarianism
Short answer: YES
Long answer: YEPPERS
I don't always agree with John Derbyshire, a long-term pundit, mathematician, and good writer, except when he's writing about immigration (when I always do). This is an excerpt from the transcript of a week-old podcast of his "Radio Derb", broadcast via VDare.com.
It seems much easier to read than listen to podcasts and the like, as, believe it or not, it's 2-4 times faster, and just more fun, for me at least. This has nothing to do with Derbyshire's voice - now if the Hildabeast had ever done a podcast that reached my ears, I wouldn't quite be myself - forever!
Here:
07 — Yes, NATO is obsolete. Last Sunday, in a joint interview with one British and one German newspaper, Donald Trump declared that NATO is obsolete.
What are we going to do with this guy? He keeps saying things that are perfectly obvious, but that respectable people just don’t say. I can totally relate to that.
Of course NATO is obsolete. It became obsolete the day after the Warsaw Pact disbanded. That would have been February 26th 1991 — 26 years ago next month. The main function of NATO since then has been to annoy the hell out of Russia, and make normal relations with that country impossible.
Hear, hear! [Break in Derbyshire quote]
Proponents of NATO argue that the U.S. military has, since WW2, been instrumental in maintaining a stable world order through alliances like NATO, and that to dissolve any of those alliances would be a step towards disorder.
I’d reply that the stability supplied by U.S. forces worldwide is not worth the antagonism it generates in other big powers, notably Russia and China; and that the best hope for stability in these next few decades is a balance of power, where each nation is assumed entitled to precedence — not wanton aggression, but precedence — in its sphere of interest.
All the big powers have pressing economic worries about automation and public entitlements in ageing, declining populations. Nobody’s looking for lebensraum; nobody’s plotting world conquest. Nobody’s got the manpower.
The greatest threat to international stability is the mass movements of peoples from failed states in Africa and the Middle East into the civilized zone. To that, NATO is irrelevant. What is the point of stationing our armies along Europe’s borders with Russia, if the nations behind them allow themselves to fill up with unassimilable Muslims and Africans?
This is Ron Paul level stuff here. Yet somehow many of the good conservatives pundits/bloggers out there just detest the libertarians. I believe each of these groups of principled people could learn something from each other.
Comments (2)