Big bankers wanted to be able to make big bets without the risk of going broke. They solved that problem by creating the Fed in 1913. When business is good, they keep the profits. When bad, bailouts.
Guaranteed outcome is the goal of all government. Why? Because it sells. People like the idea of guaranteed outcome. They'll vote for it. What is required for guaranteed outcome? Ever bigger government with more and more regulation. Government promises guaranteed outcome to those who will support the government's agenda. Now, at least 50% and more coming over, of "us" support the big-government agenda uncritically, which explains why Comrade Kamala is their candidate. Meanwhile, freedom and liberty die, and with them, also the country. Best always. PM
It’s been a hundred years now since Albert Jay Nock, that most literary of our great 20th-Century libertarians, published his marvelous essay “On Doing the Right Thing” in “The American Mercury,” which magazine had just started up early in 1924 under the auspices of George Jean Nathan and H. L. Mencken. (Mencken later became one of Nock’s best friends and greatest admirers.) Here are a few sentences from that essay that capture its essence, which amounts to this: the moral character of a people deteriorates as more and more of one's responsibilities are ceded to government and its eventually suffocating “benefits” and controls:
“The practical reason for freedom, then, is that freedom seems to be the only condition under which any kind of substantial moral fibre can be developed. Everything else has been tried, world without end. Going dead against reason and experience, we have tried law, compulsion and authoritarianism of various kinds, and the result is nothing to be proud of. Americans have many virtues of their own, which I would be the last to belittle or disparage, but the power of quick and independent moral judgment is not one of them. In suggesting that we try freedom, therefore, the anarchist and individualist has a strictly practical aim. He aims at the production of a race of responsible beings. He wants more room for the savoir se gêner, more scope for the noblesse oblige, a larger place for the sense of the Right Thing.”
The full essay can be read at https://bit.ly/47eBDWL. One can only imagine what Nock would think of today’s simpering and dependent masses.
My wife is going to open a bank and I'm starting a church, that way we are covered all the way around, our losses are covered with bailouts and we pay no taxes. AMEN... isn't America Great?
Ha! My neighbor told me last night that if you can get official "approval" to bury a body on your property, the County government classifies your parcel as a Cemetery. No property taxes and you can't lose the land in a legal dispute.
Hmmmm - anxiously awaiting the Venezuelan gang "problem" to come visit West Palm Beach...
Very interesting.I have a property with more than one home on it. Different addresse. The one in the back is very old.I've seen it in historic pictures
With the wagon trains going past. It
's in a downtown area now. It's classified as a "cemetery." I'm guessing.Previous residents must be buried there. Some people said that she would be a historic site. I don't want to touch that with local gov..
Maybe check into it, Bill. I'm sure ordinances vary by locale.
I left out one part of my conversation with my neighbor. His granny lives with him and his family and she is VERY old. He offered to remove a section of fence and bury her half on his side and half on mine when she passes. True story.
Hey Bill. As a landlord for 48 years, I would not ask the government for anything. All they do is cause problems. The regulation literally never stops.
I find it amusing that people give Cammie credit for having a thought. She was appointed because she can not think on her own. All the drek coming out of her mouth has been approved by the cabal as necessary fuel to lure simple proles into pulling the correct lever and taught to her by professionals until it is safe for her to speak it. Consider how the cabal avoids allowing her to be questioned by anyone, anytime, except with their, the cabal's permission and direction. When she is in the whitehouse her job will be to sign the laws or executive orders put before her. She does know how to sign her name where it says sign here. After they have seated her in the oval ofice they will have the final nail they need in place to write the laws necessary to fundamentally change america. Whare have I heard that before? Don't forget to vote
In Australia the median wage is approximately $95,000 pa and the median (capital city) house price (the majority of people live within cooee of their State’s capital city) is just under $1 million AUD. 10x gross wage and other general costs have gone up exponentially over the past few years! We already have had many years of various “first home buyers” grants of up to $20k. Existing home owners love it as it just increases property prices by about the same amount or more…
While interesting today, Ol' Bill, I would think all of your readers see and understand this. And, secondly, there is no solution to turn America around. Neither the nincompoop or the airhead will make any dent in the accelerating U.S. debt crisis and the coming crash of the US$. It is being accelerated by the BIS+China et al developing mBridge and the Unit. This is leapfrogging the requirement of having a deep treasury market and the SWIFT system. The holdings by foreign entities of US Treasuries is falling rapidly. And, these fiat Treasuries are coming back to America and helping to accelerate inflation. Between the Feds and the collapse of the US$ as the world's reserve currency, the American hegemony is setting. For you that have seen a "blue flash", the blue flash for the US$ is upon us.
yeah…i’ve seen a green flash many times when the sun sets off the Pacific coast of Costa Rica but even though i think i get your analogy of a Blue Flash….can you explain where & when you saw it?
i worked for CITGO for 2.5 years looking for a porphery copper deposit in 1973-75 & then i bought 40 hectares to grow black pepper. I’ve travelled all over the whole country & have revisited a number of times since then.
but Paul you didn’t answer my question re “the blue flash?”
Perhaps a solution is for everyone to become a bank, but not one so large that it would require regulatory oversight; just large enough to be eligible for bailouts
Mr. Bonner mentions Bail Outs if Banks profits turn in the negative territory.
Is that the case?
In the aftermath of the GFC and its waves around the globe there were severe damages in Europe especially in the €-Zone.
Hardest hit was the south and the longest "rescue and recovery" took place in Greece.
After the third bailout it metastazised to Cyprus, half greek and EU member. Taxpayers were exhausted and pixxed off so they came up with the Idea of a partly Bail Out partnered by a Bail In from cyprus Bank customers. 10 Billion € had to come from them.
No law no precedent ever, they just stole the Money.
As it worked successfully they turned round and a year later the new "Bank Recovery and Resolution Directive, BRRD" was designed and within a year implemented. Which in fact legalised the robbery of any amount exceeding 100k from Clients (well, serfs).
The worlds of Common Sense, Obviousness and History would tend to agree with the Aussie experience. But don't hold out any hope that the communist dimocrats would ever figure that out...
It’s all so easy when you sit with all the levers of the old railway control box.
Problem is that pulling and pushing those activation handles, with trains coming at high speed with Wall St, MIC, FBI, Lobbyist, WEF etc drivers, just may not end well.
This little piggy went to market, this little piggy stayed….
The massive jump in the M1 money stock in 2020 is obviously the stimulus injection during the Covid pandemic. No wonder the USA is experiencing major financial problems currently.
The problem with the fiat money system is not some much the corruption of the economy but that of the mind - the latter can’t be turned around as quick as Gold can the former.
Guaranteed outcome is the goal of all government. Why? Because it sells. People like the idea of guaranteed outcome. They'll vote for it. What is required for guaranteed outcome? Ever bigger government with more and more regulation. Government promises guaranteed outcome to those who will support the government's agenda. Now, at least 50% and more coming over, of "us" support the big-government agenda uncritically, which explains why Comrade Kamala is their candidate. Meanwhile, freedom and liberty die, and with them, also the country. Best always. PM
It’s been a hundred years now since Albert Jay Nock, that most literary of our great 20th-Century libertarians, published his marvelous essay “On Doing the Right Thing” in “The American Mercury,” which magazine had just started up early in 1924 under the auspices of George Jean Nathan and H. L. Mencken. (Mencken later became one of Nock’s best friends and greatest admirers.) Here are a few sentences from that essay that capture its essence, which amounts to this: the moral character of a people deteriorates as more and more of one's responsibilities are ceded to government and its eventually suffocating “benefits” and controls:
“The practical reason for freedom, then, is that freedom seems to be the only condition under which any kind of substantial moral fibre can be developed. Everything else has been tried, world without end. Going dead against reason and experience, we have tried law, compulsion and authoritarianism of various kinds, and the result is nothing to be proud of. Americans have many virtues of their own, which I would be the last to belittle or disparage, but the power of quick and independent moral judgment is not one of them. In suggesting that we try freedom, therefore, the anarchist and individualist has a strictly practical aim. He aims at the production of a race of responsible beings. He wants more room for the savoir se gêner, more scope for the noblesse oblige, a larger place for the sense of the Right Thing.”
The full essay can be read at https://bit.ly/47eBDWL. One can only imagine what Nock would think of today’s simpering and dependent masses.
Thanks for the link, Mr. Eade. Good stuff...
Well, I agree that guaranteed outcome is promised, but quite the opposite is achieved.
We don't talk about that. Best always. PM
True. The actual outcome must remain untold.
Paul, you speak the truth.
My wife is going to open a bank and I'm starting a church, that way we are covered all the way around, our losses are covered with bailouts and we pay no taxes. AMEN... isn't America Great?
Hi Mr. Schwartz -
Ha! My neighbor told me last night that if you can get official "approval" to bury a body on your property, the County government classifies your parcel as a Cemetery. No property taxes and you can't lose the land in a legal dispute.
Hmmmm - anxiously awaiting the Venezuelan gang "problem" to come visit West Palm Beach...
Another illustration of the tax advantages of the underground economy . . . 😎
Ha! Hahahahahahahahaha!!
Dat right dere is undoubtedly some of your FINEST work...
LMAO...
Very interesting.I have a property with more than one home on it. Different addresse. The one in the back is very old.I've seen it in historic pictures
With the wagon trains going past. It
's in a downtown area now. It's classified as a "cemetery." I'm guessing.Previous residents must be buried there. Some people said that she would be a historic site. I don't want to touch that with local gov..
Maybe check into it, Bill. I'm sure ordinances vary by locale.
I left out one part of my conversation with my neighbor. His granny lives with him and his family and she is VERY old. He offered to remove a section of fence and bury her half on his side and half on mine when she passes. True story.
I've got some really GREAT neighbors... :)
Hey Bill. As a landlord for 48 years, I would not ask the government for anything. All they do is cause problems. The regulation literally never stops.
😂😂😂😂😂😂
I find it amusing that people give Cammie credit for having a thought. She was appointed because she can not think on her own. All the drek coming out of her mouth has been approved by the cabal as necessary fuel to lure simple proles into pulling the correct lever and taught to her by professionals until it is safe for her to speak it. Consider how the cabal avoids allowing her to be questioned by anyone, anytime, except with their, the cabal's permission and direction. When she is in the whitehouse her job will be to sign the laws or executive orders put before her. She does know how to sign her name where it says sign here. After they have seated her in the oval ofice they will have the final nail they need in place to write the laws necessary to fundamentally change america. Whare have I heard that before? Don't forget to vote
In Australia the median wage is approximately $95,000 pa and the median (capital city) house price (the majority of people live within cooee of their State’s capital city) is just under $1 million AUD. 10x gross wage and other general costs have gone up exponentially over the past few years! We already have had many years of various “first home buyers” grants of up to $20k. Existing home owners love it as it just increases property prices by about the same amount or more…
While interesting today, Ol' Bill, I would think all of your readers see and understand this. And, secondly, there is no solution to turn America around. Neither the nincompoop or the airhead will make any dent in the accelerating U.S. debt crisis and the coming crash of the US$. It is being accelerated by the BIS+China et al developing mBridge and the Unit. This is leapfrogging the requirement of having a deep treasury market and the SWIFT system. The holdings by foreign entities of US Treasuries is falling rapidly. And, these fiat Treasuries are coming back to America and helping to accelerate inflation. Between the Feds and the collapse of the US$ as the world's reserve currency, the American hegemony is setting. For you that have seen a "blue flash", the blue flash for the US$ is upon us.
yeah…i’ve seen a green flash many times when the sun sets off the Pacific coast of Costa Rica but even though i think i get your analogy of a Blue Flash….can you explain where & when you saw it?
James, where do you live in Costa Rica?
i worked for CITGO for 2.5 years looking for a porphery copper deposit in 1973-75 & then i bought 40 hectares to grow black pepper. I’ve travelled all over the whole country & have revisited a number of times since then.
but Paul you didn’t answer my question re “the blue flash?”
Pretty much a full explanation, Bill. No truer words have ever been spoken.
Perhaps a solution is for everyone to become a bank, but not one so large that it would require regulatory oversight; just large enough to be eligible for bailouts
Maybe.
One with a gold standard as well.
Just a Detail:
Mr. Bonner mentions Bail Outs if Banks profits turn in the negative territory.
Is that the case?
In the aftermath of the GFC and its waves around the globe there were severe damages in Europe especially in the €-Zone.
Hardest hit was the south and the longest "rescue and recovery" took place in Greece.
After the third bailout it metastazised to Cyprus, half greek and EU member. Taxpayers were exhausted and pixxed off so they came up with the Idea of a partly Bail Out partnered by a Bail In from cyprus Bank customers. 10 Billion € had to come from them.
No law no precedent ever, they just stole the Money.
As it worked successfully they turned round and a year later the new "Bank Recovery and Resolution Directive, BRRD" was designed and within a year implemented. Which in fact legalised the robbery of any amount exceeding 100k from Clients (well, serfs).
So Banks geht bailed in now.
How's that elswhere?
A $250 000 first home buyer Grant would work ten times as well as a $25 000 Grant, surely?
😂😂😂
From the Australian experience implement a first home buyers gimme and home prices increase rapidly.
The worlds of Common Sense, Obviousness and History would tend to agree with the Aussie experience. But don't hold out any hope that the communist dimocrats would ever figure that out...
Yep, let us add more inflation. That will solve the problem. Not!
Debasement, bamboozles and quality flimflammery, that’s what I want.
Jeeeez bro - you haven't had enough yet?
/s
It’s all so easy when you sit with all the levers of the old railway control box.
Problem is that pulling and pushing those activation handles, with trains coming at high speed with Wall St, MIC, FBI, Lobbyist, WEF etc drivers, just may not end well.
This little piggy went to market, this little piggy stayed….
Psssst - the piggy that went to "market" had nothing to do with shopping and a LOT to do with Ham, Pork Chops and Bacon...
But most poor buggers are going to go “Wee, wee, wee …” but there will be no home to go to.
And stayed and stayed. Little piggy "was on my hook."
The massive jump in the M1 money stock in 2020 is obviously the stimulus injection during the Covid pandemic. No wonder the USA is experiencing major financial problems currently.
The problem with the fiat money system is not some much the corruption of the economy but that of the mind - the latter can’t be turned around as quick as Gold can the former.
On target, as always.
Wondered if you heard about Trump floating the idea of Musk as auditor of fed agencies with the mandate to reduce waste? The photo accompanying it was
https://substack.com/redirect/d375e0b8-7ca6-487a-a7a5-709e79c2554a?j=eyJ1IjoiMTJzODhiIn0.nYDkqBy1rM3ubhDgyPj9S_6I2z6WSMT5pQdo4PeDoqw
Any parallels come to mind?
You think of the Guy who just handed over a significant portion of his countries Gold Reserves to reputable CoL?