Brief Hyperinflation Dropping By?

People tend to despise our simple approach to economics.  Makes people crazy that the Obvious isn’t really, oh, you know… obvious.

Notwithstanding, we are seeing some data suggesting that farmers will be having a tough time meeting ag needs because of the cold, wet spring in the Midwest.  When this happens, food prices will zoom through the roof.  And when  that happens, you will either eat less or spend a great deal more.  Think this fall and into next year.

Some anecdotal data to ponder that serious inflation is at hand:

In the last month, Bitcoin has been as low as $7,500 and this morning’s quote was around $9,240.  Traded perfectly, that would be a 23.2 percent gain in one month.

Then there’s our Aggregate index of US markets.  From a low of 23,086 early this month, we are eyeing (based on futures prices before today’s open) 25,088.  That’s a gain of 8.67 percent in 13 trading days.  Beat the bulls with a stick.

And we have to eye Gold, too.  Briefly overnight it hit $1,387 while the low in the last month was (according to the Kitco data page here) down far enough to make the 30-day change in gold 8.33%.

Sure looking like the leading edge of hyper-inflation to us.

Play the Circle Game!

Yes, this is how Ure local half-wit spends his time- staring at charts comparing the past with the present and wondering which track we are on:

Hint: Summer Blow-Off looks possible.

And so, we will be running out some “ideas” as to how high the Dow blow-off into late summer should go.  An early-morning SWAG says around Dow 30,000 somewhere, just eyeing things.  But if A does not = C, then we could have a short, sharp pullback before the final run to the top late summer.  But more on the Peoplenomics side Saturday.

The Fed, predictably, held rates unchanged yesterday but the market is soaring anyway, just as it did in the spring of 1929 as the hopes were piling on.  As we cautioned previously, though, when the Fed does lower rates, it will be because of a crisis and that will be when NOT to be on the long side of markets.

Fresh Econ Data

From the Bureau of Economic Analysis:

Translation: The U.S. current-account deficit decreased to $130.4 billion (preliminary) in the first quarter of 2019 from $143.9 billion (revised) in the fourth quarter of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product in the first quarter, down from 2.8 percent in the fourth quarter.

Meantime, the Philly Fed Business Outlook is returning to Earth:

Dow futures were up 230 points with :50 to the opening ding.

Can you say “short inflation, short blow-off?”

After Reparations:  Chargebacks?

Democrats – hard pressed to find anything big to bitch about and suck in voters with – are cleverly working the racial divisions in America trying to set up some kind of play for 2020.

You heard is with Bernie who’s best shot at Trump after Orlando this week was to call Trump a racist and a homophobe.

And then there was Juneteenth and the reparation’s study hearings.”  As you would expect, when a black author got up and said words to the effect “What we really need is safe streets and education” and such, he was booed.   Being black and being against the lefty political agenda is just not done, you understand.

While I was pondering the rudeness of the left (almost a full-time gig) it occurred to me that although white, perhaps the Ure family is due reparations as well.

Fact is, at the US Civil War Memorial in Vicksburg, Mississippi, we looked up what the Ure family did during the War Between the States:  20 died fighting for the North while 3 died fighting for the South.

To our dimwitted way of figuring it, that means the Ure family should be due “reparations relief” to the tune of 85% for the 17 people in the family who fought and died for black people’s rights while never owning a single slave in family history.  A charge-back?.

See why we need to just move along and fix equality for all and just get over this political monetization nonsense the left is pushing?  Too damn many lawyers in the world, already.

The Wall St. Journal Screws-Up

Speaking of agendas and the left, it looks to us like there’s a lefty-lock on the Op-Ed pages of the WSJ nowadays.  With headlines like:

“Accusing the New York Times of ‘Treason,’ Trump Crosses a Line.”   No, if they outed secret cyber-security activities, and yeah, that  is treason.  (Has any editor at the Times ever had a DoD clearance?  We gotta wonder…)

We would expect American cyber-forces to not only probe Russian, but also Chinese and Iranian power grids.

As we see it, no number of “made up “ethical lines” can pardon the NYT’s disregard for America’s security.  Especially with word today that Iran has shot down a US Drone, now.

Meanwhile “New York Times CEO rips into Trump: His attacks on the press are ‘stupid’ and ‘dangerous’.”  Does not Mark Thompson not read his own paper?  The lies about “collusion” and such pap pushed real news (try a do-nothing Congress) off the front page of the once-great paper for how long?  2-1/2 years now?  To our eye, the NY Post has become the “balanced rag” in Gotham.

Doubling down on socialism, the Wall St Journal then runs with “A Second Term – For What?

If you can STFU and silence the voices in your head long enough, here’s the answer:  “To actually hold the Presidency for four-freaking years?  He was denied, near as we can figure 18-months of productivity by the incessant, shrill, demagoguery of democrat-backed slander reposted by co-opted leftist journalists…”

God, we look forward to the William Barr report… I know, I know…who’s counting, right?  Why was Obama not held to such standards and why is Hillary free?  The FBI’s innards were hijacked to spin – and Obama intel chiefs were in on it by our read of the docs- as an election was interfered with and STILL no jail time for the perps yet?  I mean WTF…(sorry, I’ll take a chill pill now…)  Using intel and law enforcement for political ends, though, is totally Soviet, don’t you think?  FMTT.

If they don’t clean house, we will hence-forth call it the KBI or the OBI of the CBI or….

Drone Down Jacks the Pump

From .mil contributor warhammer:

“In accordance with Ure ‘everything’s a business model’ line of thinking, Iran plinking a Global Hawk UAV out of the skies over the Persian Gulf will likely cost all of us at the pump.

Furthermore, the provocative course of action by the Iranians seems akin to the neighborhood nuisance literally begging for a fight while three of his ‘got your back’ buddies are hiding out nearby.  This open and calculated belligerence is, IMO, a calculated strategy by Iran, fully supported by their Russian overseers.  As you know, Russian oil prices will surely spike in Europe as the prospects for some level of military action rises in the Persian Gulf.

Iran’s boldness is no doubt due to their knowing Putin has the Islamic Republic’s  backs, or at least that’s what Putin is likely telling the Mullahs.  So a likely chess counter-move is for the U.S. to have one of our regional proxies engage with Iran (best candidates are Israel or the Saudis).  Netanyahu could use the distraction to take the political heat off of himself and his wife.

BOTTOM LINE:  Admiral Ackbar’s advice applies to these acts of aggression by Iran (with nods to Star Wars, ‘Return of the Jedi’):  “It’s a trap!”

We should know in a week or two  who’s in it…  Remember, in the 29 replay, we get a short sharp pullback in the A=C case,, so this might be the trigger.  (With apologies to Trigger, of course.)

Also Pissing Us Off (APUO)

Here’s how the media gets crooked:  Story is “Apologize for what?”: Biden defends comments about working with segregationist senators.  Why aren’t the lefty-pawns calling Biden a racist?  They damn-sure would if it was Trump!  It would be an “impeachable!”

Hey!  Open Border Clowns!  One of your Obama sneak-ins!  Pittsburgh resident, Syrian man arrested on terrorism charges after allegedly planning attack on Christian church.  How many more unvetted are out there still plotting?

Severe storms unleash high winds, heavy rain and baseball-sized hail on the South.  Blew one of the roof panels off my greenhouse when the latest line of storms rolled through here about midnight.

Putin, Hit by Ratings Drop, Tells Russians a Better Life Awaits.  We’ve heard evangelists say the same thing.  Different source materials, though…

Here’s one for Seattle and San Fran to pay attention to: Homelessness crisis spurs recall effort against Los Angeles mayor.

Speaking of Seattle…

Politicians and Unions

Left-leaning politicians are known for pushing union agendas.  While we hold no particular grudge against unions, in economic terms they give slackers more pay than they deserve and “average down” people who really excel at their trade or craft.

So it’s interesting to watch what’s going down in Seattle today where Teamsters are “partnering” with some of the libs on the Seattle City Council in an attempt to unionize ride-sharing services like Uber and Lyft.

An email from the (non-union)  Drive Forward group runs it down like this for drivers:

“Things are heating up with the City of Seattle. Councilmember Kshama Sawant recently called our rideshare businesses “sweatshops on wheels,” and now, the Teamsters are pressuring the Council to pass new legislation based off misrepresentations the Teamsters have made about our businesses and our earnings.

We’re going to meet at the Drive Forward office THIS Thursday, June 20th at 10am, then head to City Hall where we’ll rally to send a message that our businesses are #NotASweatshop and that drivers want to maintain our freedom and flexibility as independent business owners. “

George (the Uber Driver – son-) will not be attending, because he will be on the grind.  Money first, politics second.  But he  might send a letter in as a driver that  might go something like this:

“The Seattle City Council is moving in a dangerous direction that should scare the hell out of any business wishing to move to Seattle. Small businesses, especially those that are based on individual hard work and initiative, should think long and hard about this socialist move of the city council.

Why didn’t unions organize Microsoft, Adobe, and Amazon? Where was the council when the baristas were being short-tipped in the early days of Starbucks?

Ya’ll are looking like socialist profiteers out here on the street; anxious to “regulate unionism” into businesses with a local presence.

What you might do – as an alternative – is to treat all businesses fairly and leave union-related issues to the Federal government and the National Labor Relations Board.

Oh, and leave the driving to us.”

Don’t know if he will  actually send it, but near as we can figure it,  legislating in unions is a grab at low-handing fruit by the Teamsters.  Most ride-sharing drivers are only onboard for a short time (high turn-over positions) and that means they will never be around long enough to vest in the union, so if the politicians can be horn-swoggled, then it’s like “found money” for the union.

Sheesh.

Moron the ‘morrow…

39 thoughts on “Brief Hyperinflation Dropping By?”

  1. Lets throw one more thing into the stew and that’s freight,seems freight has taken a hugh hit as more and more truck lines goes out of business, which tells me this hyper economy is nothing but smoke and mirrors put out by the fake media along with any other tidbits that the government wants to feed to mass’s.

    Now Trump and his so called advisors which look more and more like Bush and his advisors are laying the propaganda for another war,first we package it then try to sell it to the people adding a little more as we go along.Now Trumps in a bind the fake economy built on Fed. dollars has run it course,even tho he wants to fire the Fed. chief and put in his own mouth piece, that will take rates down into the minus territory or start a war somewhere that somewhere in the world someone did something to someone that lol requires our attention,sure going to be interesting as to the thoughts of other countries as once again we turn loose the “dogs of war”.!!!

    • Yes Robert…this looks like the Dick Cheney…ooops…I mean the George W. Presidency all over again. Lies, deceit, false flags, and a dumb as a rock pile President being taken advantage of by a cabal of powerful corporations and politicians with their own agenda. Watched the movie Vice for the third time a few days ago. I will say that Christian Bale nails Cheney as an actor. Sam Rockwell plays a good Bush as well. Great movie.

      Why is it that the last three GOP presidents had a bit of some loose screws in their mental mechanics. Trump (duh) , Bush (duh) and the last term of Reagan (great Governor, and first term President, but started to falter in his later years.) Could it have been the plan all along?. Easily manipulated people with a large order of fries missing from their full meal deal? Convenient and profitable for the PTB.

      • @ Mark

        You are a sick person……your mental state of mind is very troubling…seek help from your mental health clinic….wait a minute , maybe you have already gotten their help and it has been a successful therapy….that means there is NO hope for you…..you will just dry up and blow away….as all mere mortals do…

  2. George,
    A few days back there was a lot of discussion about the attacks on the oil tankers being false flag attacks. The general premise of those convinced it was a false flag attack is basically that Iran had the least to gain from such an exercise. What no one addressed, though, is what do the players involved have to loose?
    As you just pointed out today, the Trump Administration has been under siege by an opposition party, the media, and some members of his own party to remove him from office, even if they have to fabricate the evidence. What would be the fallout of a false flag operation authorized by the president coming to light? Even if it did not, how would be embroiled in yet another war in the Middle East weigh on the 2020 election?
    Israel is currently enjoying warming relations with its Arab neighbors while Europe has a growing anti-Semitic sentiment. As Warhammer pointed out, Netanyahu has domestic concerns of his own. What would be the downside of Israel getting caught in a false flag attack?
    Meanwhile, Iran is facing growing domestic economic problems due to the loss of their ability to export oil. The sanctions are forcing cuts to the funds to their proxies in the region. If they can’t get their oil to flow, their position will only deteriorate. So what does Iran have to loose at this point? Incidently, as an upside, dragging the US into another war would have a good chance of tilting the 2020 election to put a more compliant Administration in office.

    • Well not really true for just about the only country in the Mi-East that’s even friendly to Israel are the Saudi’s,now Trump pulled out of the agreement with Iran because Israel ask him to, and Trump has to please his biggest financial backers or loose them and that also includes his private business’s, so that’s not on the table.Now the Saudi’s aren’t going to attack Iran for a number of reasons, mostly related to oil and the Straits and of course they really don’t wish to see their pumping stations,plants removing salt water so they even have a water supply go up in smoke.

      Now the other one in the play is Israel who again won’t enter the play because of the enemies its created on its borders,and beside they would much rather see the American bodies returning in zipper bags rather then their own,and if it came to Israel or American troops the concern of those in power would be with Israel as the U.S.S Liberty shows,an attack that went wrong for the ship was to be sunk and then blamed on Egypt.You know its awful hard to drag someone into war unless they are looking for one,no this is Trumps baby,he created it,he birthed it and the only thing remaining to see is how it plays out, and of course the only loser’s will be the American people.!!!

  3. Did you know most of OSHA laws were made by USW ?
    Did you know that GM and Ford workers had tear gas shot at them for asking for
    a 8 hour work day?
    Did you know that the U S air force used bombs on coal miners.
    Have you ever worked in a coke plant with a timkin schedule?
    Only simple minded greedy people keep talking about slackers !

    And how about what the R R did to the brakemen years ago?

  4. You said…” a lefty-lock on the Op-Ed pages of the WSJ”

    Why do you assume that just because they speak the truth on the most brainless president of any and all leaders in the history of mankind, that they are leftist? Can’t they just be truthful and 100% right? They are you know.

    Or, have you drank the Kool-aid of the Fox News Network where everything is a spin and a lie along with a small handout under the table for good fortune. You copied a headline recently that said Trumps spiritual advisor said that satanic forces are stirring up falsehoods about him. The falsehood and satanic forces are the charlatans and suck-ups like Fox News. That’s a fact.

    • What’s a fact is that I – as a voter – hired Trump to do what he promised.
      I (and other voters) are 100% positive Trump would have made even more progress had their not been the obstructionists No Collusion!! Mueller didn’t find it but why can’t the left let go?
      it’s like an addiction to Trump hate. Rehab time!

      • Depends Brand will have record sales as the dems lose control of their bowels in fear of the rightous getting fed up with the dems destroying our country. The fake news reporters have purple lips(grape, I believe)
        the RINOs will need them Depends also.
        Knowledge is power, the cattle don’t know that the rancher controls them for the slaughter.I find it funny as hell that Trump uses one of their platforms to go around them and talk directly to us , and assk Jack at twitter, hates it
        Smile, it is a historical times we live in. One that could reverse the last 5000 years of human history being controlled by the hidden hand

      • AMEN… George.. AMEN…

        What I see trump doing is exactly what he said he was going to try and get done..
        so far he has done more than any president that has been in office in the last thirty years..
        all while he is being relentlessly attacked day and night on everything from a group that wouldn’t be able to agree what Toilet paper should be in the Capital toilets.. ( if they ever decide to go to work)

        https://www.youtube.com/watch?v=IsWlkcsI5Ko

  5. George,
    The Conservative track record:
    -Broke the Middle East, triggering Muslim mass migration and giving Iran a leg up.
    -Forced Iran to re-start its nuclear program.
    -Blew up the national debt ($2 trillion) to give Wall St. an unfunded subsidy in boom times.
    -Threw a conservative immigration reform package under the bus for tax cuts for the rich.
    -Tried to re-impose pre-existing conditions.
    -Triggered the Great Recession by deregulation/non-enforcement of shadow banking.
    -Triggered a tariff war.
    -Taking irresponsible risks with climate change and environmental collapse.
    So much for conservative commonsense. Best, Mike.

    • The Liberal common sense

      Armed the PLO
      Funded Iran
      Sent cash to Iran
      Pussyfooted with Pakistan
      Didn’t hint Syria early
      Approved every budget
      Left the southern border open to bankrupt social services
      snuck in lots of Syrians to be a fifth column inside us…
      I could go on, but you won’t hear truth if it slaps you…your mind is made up

      Naw…plenty of blame for everyone

      • Come on George how much of that money which ran into the billions or two was Iran’s own money confiscated when they threw the Shah out,then add the interest for 30/35 years and you get a very hefty amount.It almost seems like your an imperialist saying we didn’t hit Syria soon enough, think that will take a bit of an explanation seeing Syria had done nothing to us except make Bush’s hit list, or perhaps another Libya would have suited people better.Now you speak of all the Syrians coming here, and another poster complained about all the Iranians that were here,the wife use to have a sign in her shop “you break it you own it) well the sanctions on Iran for 40 years broke it, the attack on Syria drove the people out to get away from ISIS (our creation) so its kind of ironic, you broke it own it.As far as the southern border that’s been open ever since old Bush crafted the NAFTA and Clinton passed it for all that cheap labor, and to drive down Americans wages, and now we cry because we have millions of illegals,kind of reminds me of meathead dead from the neck up.

      • Free money for us/ spoils of war. If person X made a deposit and then their country disappeared on them, too bad. Banks do it all the time with forgotten safety deposit boxes…seriously?

      • Robert, I’m not complaining at all about the Iranian refugees in the U.S. The vast majority are damn’ fine people, and the few who aren’t, are mostly wet-behind-the-ears kids. THEY don’t want to be here, but they also don’t want to die for no reason but the fact of their existence. They want their nation back and are willing to fight and die to that end.

        The Iranian funds we held were impounded when Iran drafted Articles of War on us. Those Articles have, to my knowledge, never been rescinded. Mr. Obama broke American law, and violated the Constitution, when he made those payouts (of mostly European {Swiss}) bearer bonds in Tehran. Hamas and Hezbollah do amazing things with budgets in the tens of millions. Are Americans really going to need to have hands-on demonstrations of what the Iranian terror agents can do with billion dollar budgets, before this ceases to be a talking point of the Left…?

      • Hmm strange reply by any means or perhaps delusions or perhaps the neocons have got to you,the only war was the one we created back in 1952 and I’m sure you know about that, where we instigated a coup booted out the elected president and installed our dictator the Shah of Iran, so England could continue buying that sweet Iranian crude for 25 cents a barrel.Some how I had expected a more rational reply but with all things you get what you get.!!!

  6. I decided to check my emails this morning…in there was an email that said.. does any of this or any of these people look remotely familiar.. he had been visiting with some kids in engineering classes a few years ago( he is a guest speaker on TED and a College Prof) and one of the kids got talking about water and water filtration and the hard water they had in the state where they were from he was going to use a filter bottle for my drinking water LOL…. I showed them my filtration system ..( I am fairly confident that I could filter sea water ok if not I can change the membrane and get the job done in seconds) and of course I offered some of my idea’s back then as well… MAMBM ( me and my big mouth LOL but then it doesn’t make any difference if I had been the one submitting the idea’s they go unrecognized then pretty soon they show up. and I didn’t mind sharing my idea’s.with some college kids..)

    LOL dam.. missed it again….

    take a dehumidifier put a drain and pump on the receiving pot pump it up into a filtration system and then to tap… an air well..
    seems a couple of college kids in engineering school got this idea.. and submitted it.. won 1.5.. dam.. I missed it again..who would have thought an air well..

  7. “An early-morning SWAG says around Dow 30,000 somewhere, just eyeing things”

    I seem to recall a comment indicating DOW 32k before it hits the skids… queue Arte Johnson

  8. “Can you say “short inflation, short blow-off?””

    It matters little what you say, it’s what you do that counts!

    And for the rest of it, what was really accomplished with D-day with its many casualties? Now, many years after D-day the world accounts for abt.70 Million refugees! ;-((

  9. The New York times never was critical of Russia or reported on the poverty, lack of food and health care to them under communism. The Rosenburgs were spies, Stalin knew all about the first nuclear explosion here 6 hours before Truman did. Many people in State Department were socialists and communists. The New York times editor and many reporters Were and ARE ON the payroll of the CIA, NSA, DEMOCON PARTY,as are Washington Post and LA Times. All historical fact.
    The 60’s student group SDS was receiving money from Russia as the USSR at that time and into the 70’s.
    I am an American, I am not blind to my countries defects or to the lies that are rampant in the media. I take the time to get information from a variety of sources. I am not blind to the duplicity of democons or republicons. I saw the democons,Media and republicons try to stop President Trumps election. So did all the people who supported him and still do. We have Long memories.

  10. WHY WE NEED TRUMP. Now that the Dems have gotten the government freebee lovers to an acceptable VOTING size, give them more. Start with reparations, free housing, free health care, etc & what have you got – New York State. All the Dem Presidential Candidates can’t give away enough money. The Dems can’t get the responsible American voters to vote for them, so promise the great American Unwashed more freebies to get their vote & give them a free ride to the polls. Don’t worry about paying for it, we will takes Mark’s & his rich friends money away from them.

    There is more to running the most vital, richest, & productive nation in the world than trying to find more ways to give the unproductive more money. What about our infrastructure?

    • Hmm the lay-off list would be a very good place to start,at the top you will find reference to a number of items,one was on the very large drop in freight, and no at today’s prices it would take millions to replace Falcon and New England Motor Freight just two of the many who have thrown in the towel with more to come I’m sure.Now onto the tariff scam I see a list of companies and corporations (Fox) who say that due to the tariffs they are going to relocate,and guess what not back to making America great again but to other Asian countries and Mexico.As they say there’s a sucker born every minute and you took the bait,yes we can blame it on Larry Curly and Moe and when it don’t pan out to our liking we as a rule do.!!!

      • It is important that jobs in vital industries be Mainland American. For all others, the important thing is the factories be, NOT LOCATED in a country which requires that all patent rights and trade secrets be licensed to, and turned over to the government. We can break this policy now, or live with it after some Chinese Colonel comes by and tells you, me, and everyone else our new pay rate is a buck-sixty and the State now owns our property…

      • Robert, you missed the point. The Dems are looking to strip this country of any dignity left. They have turned our Country into a Circus. Don’t nitpick small things when the big picture is being smashed. You can’t see the forest for the trees.

  11. SO_MANY_INACCURACIES…

    And people put crap like this out because it establishes a meme from which further inaccuracies can be built.

    In reverse order:

    Mark:

    Trump is far more intelligent than Obama.
    Reagan was FOUR Republican Presidents ago.*
    Real life is not a movie.

    *See, George, CIA Director GHW Bush really is “the invisible President.” Aside from “Read my lips…” and possibly Desert Storm, no one remembers anything about him.

    Robert:

    Who the hell is “hugh” and why do you keep citing him?
    Conservatives don’t generally start wars unless there’s a really compelling reason, and both a defined goal and a defined exit strategy. Mr. Trump is not a conservative, but has been executing EOP in a conservative manner, up to this point.
    The economy has been “fake” since the dot-com crash and Clinton’s recession in 2000.
    I’ve watched trucking companies go out of business since the 1970s, and watched new ones form and be wildly successful. Just because the front office is pulling $1.94-$2.06 per freight mile unit (sometimes with added bennies) doesn’t mean a company can’t leech funds from logistics, maintenance, and storage, and drive their trucking company into bankruptcy.

    Trump pulled out of the Iran deals (there were two) because they were both illegal, and were both also bad deals.
    “War Hawks” are almost exclusively Liberals, and cowards. They like to stir up trouble, when it cannot affect them, then watch the Circus from the sidelines. The vast majority of the mainstream media falls into this category. They derive pleasure, and money, from your concerns. The less-good or more-desperate you feel, the more happy and entertained they become… Why feed their perverse lust?
    We’re not going to get into a shooting war over a couple of minor transport-ship bombings. We’d probably not get into one over a USS Cole redux. We _might_ lob a couple cruise missiles into Iran, just to tell the Ayatollah to back off.

    Before any Persian festivities began, we’d send 800,000 guns and a couple thousand training SpcOps to suburban Detroit, where live 400,000 Iranian refugees who’ve been spoiling for 40 years, for an opportunity to take back their homeland.

    Perry:

    Did you know that Henry Ford INVENTED the 8-hour work-day AND the 40 hour work-week?
    I’ve seen lots of Union slackers (and drunks, and stoners) as well. I’m glad you work in a shop where slacking-off could mean injury or death. Not all Union workers are so-blessed.

    Mark:

    Anyone not programmed to blindly follow the Liberal agenda would be able to see the Journal’s opinion pages have been a bastion of Liberalspeak for 25 years, and would be able to recognize their daily dreck as containing little truth, much conjecture, and virtually no basis in fact.

    Mike:

    …Not even going to mess with someone who trolls an economics website but can’t do simple arithmetic, and can’t tell the difference between a Republican and a conservative.

    • You know… I sometimes wonder of I’m not a troll of sorts.. I totally love urban survival and peoplenomics even though I don’t have the funds to invest.
      George always keeps me thinking.. I love reading everyone’s responses .Seeing The varied outlook from a variety of economic and social perspective points. My hope is that I can glean enough information so when it all does hit the fan I will be able to survive the collapse of civilization as we know it today.

      Hopefully my perspective looking from the bottom side of the social economical side of our population offers the readers of George’s site a glimpse of what I see and experience daily allowing those on the other side of the fence the chance to see and understand our plight in the quest .
      I know sometimes I have a tendency to be biased and narrow minded opinionated and give the impression that I talk down on people. The good lord knows that isn’t my intention at all.
      I truly appreciate that George allows me to vent my opinions to. When I was extremely sick and couldn’t even get out of a chair a proff. Acquaintance suggested urban survival to keep my mind off of my ailment. Now it’s my daily must read..
      For all the pleasures want to say thank you George..

      • Keep on trollin’, you have an audience who appreciates your war stories. I haven’t heard anything from Andy in a while, I hope he’s OK.

  12. As Tesla’s stock price continues to go down, I would think shareholders & the board would have had enough of the unstable Elon Musk. Even his name is ridiculous. With low interest rates, you would think sales would be strong & cash flow pouring in leading to profits. Electric doesn’t have to mean a -$5.00 a share earnings.

  13. Did anyone else catch the story where Google was planning on trying to fix the severe situation in SF bay area by putting a billion dollars a year into building affordable living accommodations to get the young executives off of the srltreets..
    I wonder if a billion will be enough.. the situation there is pretty bad.

    https://www.google.com/amp/s/reason.com/2019/06/19/can-1-billion-from-google-really-solve-the-housing-crisis-in-the-bay-area/%3famp

    https://www.city-journal.org/san-francisco-crime

  14. George,
    Under the rubric of everything is a business model the reparations movement could generate an entire industry. There is no readily identifiable population unlike the Japanese internment victims. If Congress passed some sort of slavery reparations act some form criteria will have to part of the bill. Because some will not meet the criteria there will be litigation. Once the criteria are established there will be need for lawyers, genealogists, and DNA testers. Potential for social disruption will not be small. Those of us without a dog in this fight may find it a good spectator sport.

    • Old librarian…
      If I’m not mistaken there was some policies written and passed a few years ago now. About the time they started building and refurbishing the internment camps. They also was having communities buy emergency mobile cremating units.. the one our county had to buy in case of a catastrophic event could do the whole county in a week..
      Speaking about that . It was us made and not un but yesterday a mobile defense system rolled by on the highway..a couple of vehicles in front a couple in back..looked bigger than I remember. Impressive though..

  15. Bitcoin breaking thru Fibonacci 38% retrace line…here comes the moonshot..

    Gold broke thru 1350-1375 overhead Resistance..Kaa ching!

    Can Silver catch a Bid, and finally break thru multi year Bear trend – “playing” that scenario biggly now.

    Precious Metal Streamers look really good going forward from here as well..

    Looks like the BlowOff has begun..been waiting for this approaching “wave/swell, been “paddling” like a mad to catch it – now that have successfully “caught” the “wave” – just have to navigate the PIPE..tubular dude..the pipe curling over is China Trade deal news.

    No worries – No Shackwackles – be punching out the backside, diving for coral head if when it startz going sidewayz, (downside hedge/protection)

  16. Democrat or republican, left or right. War or not. Just diversions while the mafia called the federal government continues to suck the resources out of the middle class. California and Illinois are doing a pretty good job of it also.

    Two things trump never messes with. The defense budget for the military/industrial establishment, (20% of GDP) and the payments to the headquarters of the Khazarian mafia, which amounts to $30,000 per household of that country every year for 30 years. If you don’t know what country I am talking about, you should just hold your opinions and do some research.

    And then there is big pharma/medical establishment, the number one leading cause of death in the USA, raking in billion on immunizations and pharmaceuticals, and actual medical care, involved in 80% of all bankruptcies, all of which can be obtained here in Ecuador for 15% or less of USA prices. Medical care in the USA is 18% of GDP. The USA is about number 30 or below for quality of healthcare and national health. Studies show that the actual cost of medical care in the USA without all the graft and corruption and over regulation is about 10% of what patients pay.

    Until these 3 issues are dealt with, I would bet my life nothing in the USA is going to improve.

    You see pictures of those thousands of cars lined up crossing into Mexico every day? They sure as hell are not commuting to Mexico for work! And they are not driving through cartel land for a vacation either.

    Those are folks going for prescriptions and medical care, where costs are 30% of USA prices.

    • Neither of the dominant political gangs have put forth a national health plan which controls costs, or provides a reasonable level of health care for the masses. State corruption from regulatory agencies like the FDA and Obamacare are uncontrolled and virtually unchallenged.

      I am enraged every time I hear of a talking head extolling the “facts” that the US must pay high prices for pharma to support R&D, without mentioning that most of those pharma companies are foreign owned and managed, and that they charge their own nationals a fraction of what is charged in the US, with the FDA hirelings leading the FU cheering squad. The FDA’s financial mismanagement of their piece of the national health care system crosses the line into racketeering and outright sedition. Trump ran on promises of cleaning up Big Pharma, but he hasn’t made a lot of progress due to widespread bipartisan corruption.

      The Obamacare system has foisted an unfunded socialist giveaway program on the backs of the middle class refugees who were forced onto Obamacare from their individual health care insurance. Obamacare has yet to make progress payments on the give-aways, forcing the insurance companies to grossly overcharge the paying customers who have no real alternatives. Again, Trump has not delivered on the campaign promises, partly due to a total lack of cooperation from the partisan gangs, and partly because he has a rich kid’s understanding of the medical system. The medical share programs are no substitute for major medical.

      Unfortunately, there are some procedures which cost too much for the state to subsidize, like major organ transplants and anti-rejection therapies, and increasingly, experimental pharma. I have seen no public policy prioritizing of medical priorities, and reining in the high-end medical treatment industry. This will have to happen to bring down medical costs in line with what is available in nations with far better and lower cost medical plans. New plans to give free medical care to foreign gold-diggers while continuing to overcharge Americans for the same services is the latest in a series of seditious criminal outrages against the American public.

      From what I have seen, uninsured patients are billed 5X what patients under a major medical insurance contract umbrella are charged for the same services! Walking (or carting) into a American hospital without insurance is an automatic bankruptcy. Which hospitals take what insurance at any given time is a crap shoot, so a person with insurance who is wheeled into the wrong hospital unconscious may also face an immediate bankruptcy and a lifetime of debt slavery anyway. Both political gangs profiteer in different ways, so none have clean hands. The leftists are using this one issue of national health care to convert the 2020 elections into a referendum on socialized medicine. Of course, along with socialized medicine, the leftists are promoting the full single party leftist sleigh ride to hell. If the D’s and R’s aren’t careful, they are going to give away the store in 2020, and the final looting of the American middle class will accelerate 10-fold.

      Bernie Sanders has dusted off the 1936 Stalinist people’s plan, and is running on a platform of Stalinist overthrow of the American government in 2020. The centerpiece of his plan is socialized universal national health care, which the D’s and R’s have no real alternative to, other than the plutocratic, kleptocratic nightmare which they have already inflicted on America. The partisan gang and socialist wannabes seem to have about run their course in this country, and what may follow is frightening. Both the partisan gang and wannabe socialist despots will flounder and implode with no middle class left to extort and loot. Maybe that’s why the monarchists are out in public again in this country which was formed in opposition to the monarchy. It isn’t just the socialists who are smelling American blood in the water.

      Mark- I’m still waiting on you to identify the R candidate who can slay the medical-pharma gorgon. It apparently isn’t going to be Trump.

  17. Suddenly, I miss your “Link Submission Page…”

    Political-News Sites Forge Ad Group to Compete With Facebook and Google

    News sites from across the political spectrum are joining forces to form an ad-sales alliance to compete better with Facebook Inc. and Google as the 2020 election cycle heats up.

    Political ad spending for the 2020 election cycle is expected to hit a record high of $9.9 billion, according to a forecast by WPP PLC ad-buying unit GroupM. Of that, $2.8 billion is expected to be directed at digital ad spending.

    https://www.wsj.com/articles/political-news-sites-forge-ad-group-to-compete-with-facebook-and-google-11561028400

    DHS to Move Biometric Data on Hundreds of Millions of People to Amazon Cloud

    The Homeland Security Department is looking to upgrade the software it uses to analyze biometric data on hundreds of millions of people around the globe, and it plans to store that information in Amazon’s cloud.

    The agency’s Office of Biometric Identity Management will replace its legacy biometric analysis platform, called the Automated Biometric Identification System, or IDENT, with a new, more robust system hosted by Amazon Web Services, according to a request for information released Monday.

    https://www.nextgov.com/it-modernization/2019/06/dhs-move-biometric-data-hundreds-millions-people-amazon-cloud/157837/

  18. Robert: Your attempt at a denouement is beneath you. You’re better than that — please stop.

    You can not read Wikipedia for two minutes and hope to win a debate against an adult. I studied Iran and Greater Persia for over five years. I’m perfectly aware of how the Shah came to power in 1941, was tossed by the communist element after WW-II (The commies were the only organized, non-feudal movement in Iran at that time. When “elections” were established after the War, the communist elements were the only ones who crossed tribal lines, which is how “duly-elected” Prime Minister (not “president”) Mossadeq displaced Mohammad Shah and came to power.)

    I’m also aware of how the Shah regained his job (in 1953 BTW, not 1952, and also, the coup was a CIA/OSS (MI-6) covert op, not a “war”). I am also completely cognizant of both the means and result, by which he lifted the tribal sh!thole which was post-war Persia out of the 9th Century and turned it into an oasis of 20th Century Western culture — and how the Ayatollahs turned it back into a 9th Century sh!thole in less than a year…

    I said war had been DECLARED. I didn’t say it had been FOUGHT, nor did I say we responded to Iran’s declaration (‘cuz we haven’t, although the Carter Administration did botch an attempt to rescue our Embassy staff)

    Please try to keep up with the class…

Comments are closed.