Forget Federal Murder laws, Jonathan Ross murdered a woman, in the city of Minneapolis and the state of Minnesota. He is a resident of Minnesota, by the way, he needs to be arrested by local police, but there is lack of intestinal fortitude for action, lots of bravado in front of the microphones though. As they say in the south alligator ass, humming bird mouth.
Same situation in Portland, although the occupants of the car were not killed.the mayor should arrest the agents for attempted murder and let their defense play out in court, again alligator mouths.
Carville is a prime example. Why do Democrats trust a man who is married to their enemy. His wife Mary Matalin was a Republican operative, playing the same role as James.
this tRUMP regime are the criminals who are accusing the innocent of being the criminals of the crimes the regime is committing….this is how tRUMP and his gang of thugs play the game…..accuse those of the crimes that they themselves are committing so they have an excuse to do and say whatever they like to whomever they want by using military force and their so called law enforcement gangs of gestapo jackboots with impunity and lie about their cracking down on crime….which are the very crimes they are committing.
It almost sends shivers wondering what we will be talking about NEXT Saturday.
I have not abandoned the mainstream media, I need to know what they are up to. NO opinions---who what when where will do nicely. It's the Sunday shows for the pundits and politicians for why or remedies. PBS News Hour is good.
The independents on YouTube are fantastic, they are bravely going "there". Here's a few to checkout: Meidas Touch Network, I've Had It Network, Secular Talk, The Young Turks, Adam Mockler, Keith Edwards, Harry Sisson, Hysteria, The Daily Beast, The Bulwark, The Daily Beans, The Left Hook, The Dangerous Ones, and many more.
For the unvarnished truth and some excellent history there is Thom and Company cranking it out everyday. Much appreciated, and let's pass those on. See you in the streets.
There is one show worth watching, I learn so much, and with excellent analysis and guests, Ali Velshi, MSNOW, a three hour program on sat and Sun.
First segement this morning was an exhaustive review of the murder in Minneapolis, right now they are talking about the Visit of AOC, Ilah Omar and other congress persons to the immigration detention camp in Minneapolis, first they weren't allowed on the ground, then they were allowed inside but no further than the lobby.
The law and a federal judge gives them the right and obligation to see how the people are being treated, but ICE refuses, and gets away with it, because ICE is the STASI, and doesn't have to abide by the law, only what Noem and Trump say.
We are in deep shit. The law is a joke, not applicable to us when we needed but used as a weapon against us.
Ixing on the cake, Heather Cox Richardson on Velshi just now.
She says, I agree, that the purpose of the murder, invasion of Venezuela, an all Trump is doing is to show us that resistance is futile, that the tyranny is set solid.
We are in beginning states of a A kraterocracy (or kratocracy) ia system of government where power belongs to the strongest, maintained through force, coercion, or cunning, embodying the principle of "might makes right". It's rule by those who can seize and hold power, often through military might, wealth, or demagoguery, rather than by consent or law, essentially an enforced control by the powerful few.
I used to send him (and all the other talkng heads) to interview Mario Diaz Balart, whose brother was his colleague.... crickets.
Mario is a MAGAT Congressman from Miami. His constiuents inlude a huge number of Venzuelans and the Micusuckee Indian (Native American) tribe whose land was taken to build Allegator Alcatraz and sued.
Out of Spite, Trump Used Veto Power to Punish Florida Tribe That Opposed “Alligator Alcatraz”
The move quashed a bipartisan bid to transfer 30 acres of the Everglades to the Miccosukee.
Keith Edwards just posted background info on the Renee Good shooter. Jonathan Ross is a married father. His wife is an immigrant (Philippines). His father claims he is a sweet Christian guy. He's MAGA and supporter of the Proud Boys. His sister had an online conflict with him about his racism. Sounds like he's an Iraq vet. Ten minute YouTube piece:
They will give him a commendation and move him into an office. ICE got stuff from their nice house for them. Bye-bye Minnesota. Her parents are doctors in the Philippines---hope they keep her and the kids safe. He is clearly a deranged mess.
A broad coalition of groups across the country is calling for a coordinated Ice Out For Good Weekend of Action on Saturday, January 10th and Sunday, January 11th to demand accountability, honor the life lost, and make visible the human cost of ICE’s actions. See Mobilize.
I wasn't able to speak to Thom today. I'll tell you what I tell him. He has the capacity to put enough pressure to start the Jerry Weiss scenario.
If we can get three (3) Republicans, we can issue subpoenas, hold hearings.
On Thursday, the Senate voted to advance a bill that would stop the Trump administration from additional attacks on Venezuela without congressional approval. The vote was 52–47 with five Republicans joining all the Democrats to move the measure forward. Republicans killed a similar measure in November, but Trump’s enormously unpopular incursion into Venezuela and threats against Greenland prompted five Republicans to reassert congressional authority over military action. CNN called it “a notable rebuke of the president.”
The five Republicans voting for the bill were Susan Collins of Maine, Josh Hawley of Missouri, Lisa Murkowski of Alaska, Rand Paul of Kentucky, and Todd Young of Indiana.
Immediately, Trump posted on social media that the five “should never be elected to office again.” By reasserting the power of Congress, he wrote, they were “attempting to take away our Powers to fight and defend the United States of America.”
Trump is in a pickle. Here is Baghdad By the Sea, at least one House MAGAT, my rep, opposes him on immigration. Many other House Republicans oppose him on the Epstein coverup. Others on the Obamacare issue. It's up to us to convince more to join them.
In Minnesota Congressional Republicans need to be pressured. We need to contact their donors. Local businesses. Local Holy Joes. Picket. Sit in.
The current Republican U.S. representatives for Minnesota are:
District 1: Brad Finstad (since August 12, 2022)
District 6: Tom Emmer (since January 3, 2015)
District 7: Michelle Fischbach (since January 3, 2021)
William,unfortunately you are right.The NO Kings did not,but I do think if 30 million had showed up rather than 8,it would have made a difference.Of course he doesn't obey court orders,someday,someone, will make him pay.
They are going to have to do a lot more than parade with placards. The only thing that gets their attention is action and a big hit in the pocket book.
Protests are a pressure relief valve, what happens is that they sit back with popcorn and watch the protests. They don't give a fuck what we or the public thinks of them, doesn't any liberal or Democrat have a clue yet.?
If they care about public opinion, none of the shit that is happening would have happened.
Hitler didn't care about public opinion, Goebbels manufactured it.
Compare to Iran. The Mullahcracy is in deep shit, the whole nation, especially in the Kurdish NW is on fire, but their problems are exacerbated, maybe caused by their economic situation, and that is fueled by their water problem, their reservoirs have run dry. dams rely on water pressure pushing against them for structural integrity
Iran has been suffering a multi year drought, there is even talk of relocating Tehran, a to the south west coast.as there isn't enough water to meet the demand.
William,you may be right but as long there rallies tomorrow,I'm going to be there. I just can't sit by without doing something. I think you and I both know what should be done,but I'm not going to post it here. Dems are considered " pussies" by the " Nazis" ,it is time we showed them we are not.
A little trivial, but we know that Trump loves gold. Last night on BBC America, they had, without comment, a video of the Gold House. Trump is actually having the White House bathed in gold light at night.
We all must tolerate a fascist government ruled by a demented old coot billionaire and Russian useful idiot. America has grown so soft that we somehow think it will just go away without resistance. How can we believe that Democrats will win back both houses when Trump has so eagerly been busy trying to rig national voting?
Trump is unquestionably demented. Yet, for the second time in a row since Article 25 was enacted, both parties have ignored presidential dementia out of greed for power. You have to ask yourself why we allow Trump's ICE Gestapo to invade US major cities to harass the citizens, even shooting and killing some, ostensibly to keep immigrants from eating our dogs and cats?
We sit idly by as Trump raises the defense budget to $1.5TN when it is already bigger than the next dozen countries' defense budgets combined? Who the heck do MAGAs think is going to pay for our skyrocketing national debt? Our tariffs have alienated all US allies and trading partners globally - including risking expulsion from NATO so some demented megalomaniac is free to obliterate the American economy to own an ice-covered island in the North Atlantic?
Alienating all our allies, asserting that International Law is a joke, will finish us off as the world reacts to a whacko ticking bomb that might attack them next.
Totally agree Tom, but a word on the national debt. The national debt is not like the household debt. If you don't make payments you will be foreclosed on, repossessed, lose your credit rating, credit cards cancelled and unable to get credit.
It is the interest on debt, public and private, including credit card, that is responsible for inflation. long term inflation the upward creep where a home that once cost $9,0000 now costs a quarter of a million.
Short term inflation is indeed caused by the supply of money, but dissipates leaving only interest inflation.
The government funds it's activities by selling government securities, to the Association of Primary Dealers in Government Securities at discount, the APDIGS then sells themto the fed which uses them as the reserve base, institutions (retirement funds, unions) and overseas investors (sovereign funds, central banks)
Interest and maturing bonds are redeemed and paid, by taxes, If there aren't enough taxes collected to redeem bonds and pay interest, the government then prints more securities, and as securities flood the market, their value goes down. The value of the dollar weakens, and eventually the world is dedollarized, and the Renminbi (RMB), China's currency is on the rise
To sell government securities to central banks sovereign funds and institutions, in the face of a weakening dollar, requires a higher interest rate.
The Open Market committee of the Federal Reserve establishes the current interest rate, which is the rate at which the Open Market Committee sells it's government securities to member banks, which then uses them as the reserve base.
The reserve base is comprised of government securities, corporate bonds, and demand deposits (checking accounts).
The Fed also sets the fraction of reserves that banks must keep on hand, that they can loan (create money) out of debt.
the U.S., the Federal Reserve currently sets the reserve requirement at 0%, meaning banks aren't legally forced to hold a specific percentage of deposits in reserve to make loans, a change made in March 2020 to boost lending, though banks still hold reserves for operations. Historically, this rate was around 10% for larger banks, dictating how much they could lend from deposits, but now banks manage liquidity based on other regulations and market needs, not a mandated minimum.
This means that the banks can literally create money, but can only do so in response to consumer demand for loans, including credit cards.
Money so created is wiped off the books, when the principal is paid down or paid off.
Incur a thousand dollar debt today, and the bank creates $1,000 of money, pay off the loan tomorrow and that $1,000 is wiped off the books. however as you spend that money and it passes through hands, it is diminished by the average tax rate. It takes a about 7 transactions for the money to completely disappear.
The effect of our national debt is felt mainly in international trade.. as the interest rate of the government security rises the value of the dollar diminishes, and it costs more to purchase products overseas, and cheaper for foreign actors to purchase American property and products. The reverse is true.
An increase of money flowing in from abroad, also increasesthe money supply, and causes a rise in prices.
But the only way to foreclose on America inc, is by war. invade and be victorious.
Many ancient wars were fought for that reason,
The Fugger Brothers of Italy, were financiers of the crowned heads. Alas they loaned Spain a fortune, which Spain could not or did not repaly. The Fugger brothers did not have a sovereign indebted to them that they could control, so went bankrupt.
Ferdinand and Isabella were still in need of silver and gold, there solution was to issue and Edict of Expulsion, evicting all Muslims and Jews, then confiscating their property.
High national debts sustain inflation and decrease citizens' standard of living. It also shrinks the value of the US dollar.
We all pay the price of the National Debt indirectly because it affects the interest rates foreign financiers charge for the lower security of US investments. Just like if your credit score is 350, your credit card interest rate will be 4 times higher than mine at 830 because your risk of default is very high. High national debt will also be reflected in wholesale charges, insurance charges, etc. that all affects what you and I pay for imports, as well as mortgage and car loans.
Sadly, ECON 101 is not a required core course in most universities. Tariffic Trump surely skipped it. Household Financial Management is rarely a semester-long Public HS course either. The US financial system is rigged to ensure that citizens remain economic illiterates. It facilitates indenturing us. This psychologist knows some world-class economists like Dean Baker, author of "Rigged" and Harold Pollack, author of the best-seller, "The Index Card." Both books should be required reading in HS.
I agree, I believe I said all of that indifferent words
By the way don't look to Econ for information on money and the Fed.
My undergraduate was emphasis on Econ. My graduate was Finance and Accounting.
I didn't learn a thing about the Fed, money, who it is created,or even the truth about inflation until I started researching my paper working on my masters.
I spent half a year scouring the libararies and attics of two universities, also obtained a foot locker (actual) full of material from the Fed, Bank of International Settlements and even the bank of Israel. For the Soviet union I had to buy professional books on Soviet Banking and Soviet Marketing.
I produced a 138 page heavily footnoted paper with a bibliography, I showed it to my "favorite' undergrad econ professor, picked it up a month later, asked him what he thought. His response was "I don't understand money"
IMO, the world is in the worst danger since the Cuban Missile Crisis. World wars have started over less provocation than Greenland. This is especially true since Denmark has stated that they will defend the island by force of arms, saying they'll fire first and ask questions later. The Danish, with the help of Canada, Sweden and Norway, are continuing to reinforce the defenses. Other nations are quietly helping, too.
So now what? What to do? So why, with the administration not tethered to rules, are we? With a narcissist who can blow up the world now being demented, it's us I would say who are crazier than he is for letting him stay in power. What about some version of what I keep asking?
How about a coup to install a presidential team? Let's say Heather Cox Richardson, Joyce Vance, Anne Applebaum, and Marianne Williamson. These are ones I follow, and there are other great women, too. And maybe more than four to do this. Just picture such warm, intelligent, and human-loving human beings leading the way. If they state that they are taking charge, so many millions would be on the streets in Washington that we couldn’t be thwarted.
Thank you for this well thought out and provocative article. Trump and his murderous Regime are breaking every law, U.S. and International that they can imagine. They know no law, ethics, or morality other than might makes right. When Trump claims that his only limitation is what his mind can dream up. It shows his scorn of everything that matters in human relations and the politics of nations. It defies the Christian tradition that his Evangelical, Catholic, and Christian Nationalist supporters allegedly so value.
It is a criminal regime that targets anyone, anywhere, and anytime to speak against it.
Please keep writing and speaking the truth, and watch your six.
I'm sorry, I don't believe in The White House anymore. When I was 16 yrs old my family went to Washington DC. We took the tours, we sat in on the Senate...there was no one there and they were talking about 'pork barrel spending.' They haven't made it better yet. I was sorely disappointed but my dad reminded me that these buildings were ours -we the people! He was blue but he was what a real patriot is supposed to be. If I had even left a scratch on any part of the White House or the Capital Building he would have had me outside before I even know what had happened. He taught me respect for other people's property and until you know who took over the seat that used to belong to the "people's president, I believed that we were still "the people". Not anymore
Thom, this is a on going wait for it, all the time. What do with a man who has absolutely no morals at all, Thom! Thank you for your wonderful mind, always thinking. Thom, Putin is enjoying
this very much, right. I, knew with his smile from the Beast with Trump in Alaska. He, owns him Thom. We, are becoming that. Kill people and say they caused their on death style, like Putin. Thom! Democracy? Really?
Seattle. Please put up a pic of Renee Good up on the wall where the camera can see it with her name on the top and on the bottom "Murdered by ICE" brought to you by Putin's puppet Krasnov.
Forget Federal Murder laws, Jonathan Ross murdered a woman, in the city of Minneapolis and the state of Minnesota. He is a resident of Minnesota, by the way, he needs to be arrested by local police, but there is lack of intestinal fortitude for action, lots of bravado in front of the microphones though. As they say in the south alligator ass, humming bird mouth.
Same situation in Portland, although the occupants of the car were not killed.the mayor should arrest the agents for attempted murder and let their defense play out in court, again alligator mouths.
Got me a new descriptor for the spineless police—alligator ass hummingbird mouth - phrase James Carville might use. ( Although he is a hack) IMHO
Carville is a prime example. Why do Democrats trust a man who is married to their enemy. His wife Mary Matalin was a Republican operative, playing the same role as James.
He is all mouth, but solid establishment.
this tRUMP regime are the criminals who are accusing the innocent of being the criminals of the crimes the regime is committing….this is how tRUMP and his gang of thugs play the game…..accuse those of the crimes that they themselves are committing so they have an excuse to do and say whatever they like to whomever they want by using military force and their so called law enforcement gangs of gestapo jackboots with impunity and lie about their cracking down on crime….which are the very crimes they are committing.
Sunday starts a new week.....
It almost sends shivers wondering what we will be talking about NEXT Saturday.
I have not abandoned the mainstream media, I need to know what they are up to. NO opinions---who what when where will do nicely. It's the Sunday shows for the pundits and politicians for why or remedies. PBS News Hour is good.
The independents on YouTube are fantastic, they are bravely going "there". Here's a few to checkout: Meidas Touch Network, I've Had It Network, Secular Talk, The Young Turks, Adam Mockler, Keith Edwards, Harry Sisson, Hysteria, The Daily Beast, The Bulwark, The Daily Beans, The Left Hook, The Dangerous Ones, and many more.
For the unvarnished truth and some excellent history there is Thom and Company cranking it out everyday. Much appreciated, and let's pass those on. See you in the streets.
There is one show worth watching, I learn so much, and with excellent analysis and guests, Ali Velshi, MSNOW, a three hour program on sat and Sun.
First segement this morning was an exhaustive review of the murder in Minneapolis, right now they are talking about the Visit of AOC, Ilah Omar and other congress persons to the immigration detention camp in Minneapolis, first they weren't allowed on the ground, then they were allowed inside but no further than the lobby.
The law and a federal judge gives them the right and obligation to see how the people are being treated, but ICE refuses, and gets away with it, because ICE is the STASI, and doesn't have to abide by the law, only what Noem and Trump say.
We are in deep shit. The law is a joke, not applicable to us when we needed but used as a weapon against us.
Ali trusts Thom, so we know he is smart.
Ixing on the cake, Heather Cox Richardson on Velshi just now.
She says, I agree, that the purpose of the murder, invasion of Venezuela, an all Trump is doing is to show us that resistance is futile, that the tyranny is set solid.
We are in beginning states of a A kraterocracy (or kratocracy) ia system of government where power belongs to the strongest, maintained through force, coercion, or cunning, embodying the principle of "might makes right". It's rule by those who can seize and hold power, often through military might, wealth, or demagoguery, rather than by consent or law, essentially an enforced control by the powerful few.
Yes, Velshi has hosted Thom has he not?
I used to send him (and all the other talkng heads) to interview Mario Diaz Balart, whose brother was his colleague.... crickets.
Mario is a MAGAT Congressman from Miami. His constiuents inlude a huge number of Venzuelans and the Micusuckee Indian (Native American) tribe whose land was taken to build Allegator Alcatraz and sued.
Out of Spite, Trump Used Veto Power to Punish Florida Tribe That Opposed “Alligator Alcatraz”
The move quashed a bipartisan bid to transfer 30 acres of the Everglades to the Miccosukee.
Miacel Spotted Elk
https://www.motherjones.com/politics/2026/01/trump-veto-punish-florida-miccosukee-tribe-indians-alligator-alcatraz-bipartisan-bill-carlos-gimenez/
Did he ask people to support impeachment actions? Did he publicize Out of ICE weekend today?
Keith Edwards just posted background info on the Renee Good shooter. Jonathan Ross is a married father. His wife is an immigrant (Philippines). His father claims he is a sweet Christian guy. He's MAGA and supporter of the Proud Boys. His sister had an online conflict with him about his racism. Sounds like he's an Iraq vet. Ten minute YouTube piece:
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.youtube.com/watch%3Fv%3DqcxxQ2sFY28
He was reading from an article in the online magazine Daily Mail.
If he was a "sweet Christian," he had no business working for ICE.
They will give him a commendation and move him into an office. ICE got stuff from their nice house for them. Bye-bye Minnesota. Her parents are doctors in the Philippines---hope they keep her and the kids safe. He is clearly a deranged mess.
A broad coalition of groups across the country is calling for a coordinated Ice Out For Good Weekend of Action on Saturday, January 10th and Sunday, January 11th to demand accountability, honor the life lost, and make visible the human cost of ICE’s actions. See Mobilize.
I wasn't able to speak to Thom today. I'll tell you what I tell him. He has the capacity to put enough pressure to start the Jerry Weiss scenario.
If we can get three (3) Republicans, we can issue subpoenas, hold hearings.
Jerry Weiss scenario. https://jerryweiss.substack.com/
On Thursday, the Senate voted to advance a bill that would stop the Trump administration from additional attacks on Venezuela without congressional approval. The vote was 52–47 with five Republicans joining all the Democrats to move the measure forward. Republicans killed a similar measure in November, but Trump’s enormously unpopular incursion into Venezuela and threats against Greenland prompted five Republicans to reassert congressional authority over military action. CNN called it “a notable rebuke of the president.”
The five Republicans voting for the bill were Susan Collins of Maine, Josh Hawley of Missouri, Lisa Murkowski of Alaska, Rand Paul of Kentucky, and Todd Young of Indiana.
Immediately, Trump posted on social media that the five “should never be elected to office again.” By reasserting the power of Congress, he wrote, they were “attempting to take away our Powers to fight and defend the United States of America.”
Trump is in a pickle. Here is Baghdad By the Sea, at least one House MAGAT, my rep, opposes him on immigration. Many other House Republicans oppose him on the Epstein coverup. Others on the Obamacare issue. It's up to us to convince more to join them.
In Minnesota Congressional Republicans need to be pressured. We need to contact their donors. Local businesses. Local Holy Joes. Picket. Sit in.
The current Republican U.S. representatives for Minnesota are:
District 1: Brad Finstad (since August 12, 2022)
District 6: Tom Emmer (since January 3, 2015)
District 7: Michelle Fischbach (since January 3, 2021)
District 8: Pete Stauber (since January 3, 2019)
Local Fox outlet. https://en.wikipedia.org/wiki/KMSP-TV
He also has Trump signs and a Gadsen flag on his lawn
alis,thanks for the info on all the independents on youtube. Maybe you can repost in the
future just to remind people.
Will do, David, and I hope others fill-in the ones I missed.
Common Dreams, ProPublica, Raw Story, Zeteo, Robert Reich, Sabrina Haake, D. Earl Stephens
Really good print media. One I forgot on YouTube that is exceptional is Pod Save America.
We are seeing in full display the emergence of "Nazi America"Who will fight back,who stop this?
I don't think for a nanosecond,this is going to be settled trough peaceful demonstrations.
How do we explain to younger generations that we have seen what a "Nazi" takeover is like and nothing was done to stop it.
We need to take action - for the sake of our grandchildren - ASAP
Resist! Resist!
You speak Heresy, don't you know that the No Kings March has stopped Trump, don't you know that Trump obeys court orders? /s
William,unfortunately you are right.The NO Kings did not,but I do think if 30 million had showed up rather than 8,it would have made a difference.Of course he doesn't obey court orders,someday,someone, will make him pay.
They are going to have to do a lot more than parade with placards. The only thing that gets their attention is action and a big hit in the pocket book.
Protests are a pressure relief valve, what happens is that they sit back with popcorn and watch the protests. They don't give a fuck what we or the public thinks of them, doesn't any liberal or Democrat have a clue yet.?
If they care about public opinion, none of the shit that is happening would have happened.
Hitler didn't care about public opinion, Goebbels manufactured it.
Compare to Iran. The Mullahcracy is in deep shit, the whole nation, especially in the Kurdish NW is on fire, but their problems are exacerbated, maybe caused by their economic situation, and that is fueled by their water problem, their reservoirs have run dry. dams rely on water pressure pushing against them for structural integrity
Iran has been suffering a multi year drought, there is even talk of relocating Tehran, a to the south west coast.as there isn't enough water to meet the demand.
William,you may be right but as long there rallies tomorrow,I'm going to be there. I just can't sit by without doing something. I think you and I both know what should be done,but I'm not going to post it here. Dems are considered " pussies" by the " Nazis" ,it is time we showed them we are not.
A little trivial, but we know that Trump loves gold. Last night on BBC America, they had, without comment, a video of the Gold House. Trump is actually having the White House bathed in gold light at night.
We all must tolerate a fascist government ruled by a demented old coot billionaire and Russian useful idiot. America has grown so soft that we somehow think it will just go away without resistance. How can we believe that Democrats will win back both houses when Trump has so eagerly been busy trying to rig national voting?
Trump is unquestionably demented. Yet, for the second time in a row since Article 25 was enacted, both parties have ignored presidential dementia out of greed for power. You have to ask yourself why we allow Trump's ICE Gestapo to invade US major cities to harass the citizens, even shooting and killing some, ostensibly to keep immigrants from eating our dogs and cats?
We sit idly by as Trump raises the defense budget to $1.5TN when it is already bigger than the next dozen countries' defense budgets combined? Who the heck do MAGAs think is going to pay for our skyrocketing national debt? Our tariffs have alienated all US allies and trading partners globally - including risking expulsion from NATO so some demented megalomaniac is free to obliterate the American economy to own an ice-covered island in the North Atlantic?
Alienating all our allies, asserting that International Law is a joke, will finish us off as the world reacts to a whacko ticking bomb that might attack them next.
Totally agree Tom, but a word on the national debt. The national debt is not like the household debt. If you don't make payments you will be foreclosed on, repossessed, lose your credit rating, credit cards cancelled and unable to get credit.
It is the interest on debt, public and private, including credit card, that is responsible for inflation. long term inflation the upward creep where a home that once cost $9,0000 now costs a quarter of a million.
Short term inflation is indeed caused by the supply of money, but dissipates leaving only interest inflation.
The government funds it's activities by selling government securities, to the Association of Primary Dealers in Government Securities at discount, the APDIGS then sells themto the fed which uses them as the reserve base, institutions (retirement funds, unions) and overseas investors (sovereign funds, central banks)
Interest and maturing bonds are redeemed and paid, by taxes, If there aren't enough taxes collected to redeem bonds and pay interest, the government then prints more securities, and as securities flood the market, their value goes down. The value of the dollar weakens, and eventually the world is dedollarized, and the Renminbi (RMB), China's currency is on the rise
To sell government securities to central banks sovereign funds and institutions, in the face of a weakening dollar, requires a higher interest rate.
The Open Market committee of the Federal Reserve establishes the current interest rate, which is the rate at which the Open Market Committee sells it's government securities to member banks, which then uses them as the reserve base.
The reserve base is comprised of government securities, corporate bonds, and demand deposits (checking accounts).
The Fed also sets the fraction of reserves that banks must keep on hand, that they can loan (create money) out of debt.
the U.S., the Federal Reserve currently sets the reserve requirement at 0%, meaning banks aren't legally forced to hold a specific percentage of deposits in reserve to make loans, a change made in March 2020 to boost lending, though banks still hold reserves for operations. Historically, this rate was around 10% for larger banks, dictating how much they could lend from deposits, but now banks manage liquidity based on other regulations and market needs, not a mandated minimum.
This means that the banks can literally create money, but can only do so in response to consumer demand for loans, including credit cards.
Money so created is wiped off the books, when the principal is paid down or paid off.
Incur a thousand dollar debt today, and the bank creates $1,000 of money, pay off the loan tomorrow and that $1,000 is wiped off the books. however as you spend that money and it passes through hands, it is diminished by the average tax rate. It takes a about 7 transactions for the money to completely disappear.
The effect of our national debt is felt mainly in international trade.. as the interest rate of the government security rises the value of the dollar diminishes, and it costs more to purchase products overseas, and cheaper for foreign actors to purchase American property and products. The reverse is true.
An increase of money flowing in from abroad, also increasesthe money supply, and causes a rise in prices.
But the only way to foreclose on America inc, is by war. invade and be victorious.
Many ancient wars were fought for that reason,
The Fugger Brothers of Italy, were financiers of the crowned heads. Alas they loaned Spain a fortune, which Spain could not or did not repaly. The Fugger brothers did not have a sovereign indebted to them that they could control, so went bankrupt.
Ferdinand and Isabella were still in need of silver and gold, there solution was to issue and Edict of Expulsion, evicting all Muslims and Jews, then confiscating their property.
High national debts sustain inflation and decrease citizens' standard of living. It also shrinks the value of the US dollar.
We all pay the price of the National Debt indirectly because it affects the interest rates foreign financiers charge for the lower security of US investments. Just like if your credit score is 350, your credit card interest rate will be 4 times higher than mine at 830 because your risk of default is very high. High national debt will also be reflected in wholesale charges, insurance charges, etc. that all affects what you and I pay for imports, as well as mortgage and car loans.
Sadly, ECON 101 is not a required core course in most universities. Tariffic Trump surely skipped it. Household Financial Management is rarely a semester-long Public HS course either. The US financial system is rigged to ensure that citizens remain economic illiterates. It facilitates indenturing us. This psychologist knows some world-class economists like Dean Baker, author of "Rigged" and Harold Pollack, author of the best-seller, "The Index Card." Both books should be required reading in HS.
I agree, I believe I said all of that indifferent words
By the way don't look to Econ for information on money and the Fed.
My undergraduate was emphasis on Econ. My graduate was Finance and Accounting.
I didn't learn a thing about the Fed, money, who it is created,or even the truth about inflation until I started researching my paper working on my masters.
I spent half a year scouring the libararies and attics of two universities, also obtained a foot locker (actual) full of material from the Fed, Bank of International Settlements and even the bank of Israel. For the Soviet union I had to buy professional books on Soviet Banking and Soviet Marketing.
I produced a 138 page heavily footnoted paper with a bibliography, I showed it to my "favorite' undergrad econ professor, picked it up a month later, asked him what he thought. His response was "I don't understand money"
Thanks, guys, for making my head hurt this morning. 😵💫 Good stuff, though!
I'm more like: I'll give you two cords of dry tamarack for four used 16" truck tires with some good tread left...
I never thought I’d live to be afraid in my own home. 70+ years of trusting “the system” gone in a blink!
Third post Geeky Science
Dark Chocolate,not Milk chocolate, decelerates aging
Castration prolongs life. Seems that Testosterone is not conducive to longevity, it also promotes balding.
IMO, the world is in the worst danger since the Cuban Missile Crisis. World wars have started over less provocation than Greenland. This is especially true since Denmark has stated that they will defend the island by force of arms, saying they'll fire first and ask questions later. The Danish, with the help of Canada, Sweden and Norway, are continuing to reinforce the defenses. Other nations are quietly helping, too.
Actually at this point im hoping the roof just caves in due to lack of structural integrity.
Never encourage this stuff, but this is frigin' funny, Kayo.
So now what? What to do? So why, with the administration not tethered to rules, are we? With a narcissist who can blow up the world now being demented, it's us I would say who are crazier than he is for letting him stay in power. What about some version of what I keep asking?
How about a coup to install a presidential team? Let's say Heather Cox Richardson, Joyce Vance, Anne Applebaum, and Marianne Williamson. These are ones I follow, and there are other great women, too. And maybe more than four to do this. Just picture such warm, intelligent, and human-loving human beings leading the way. If they state that they are taking charge, so many millions would be on the streets in Washington that we couldn’t be thwarted.
The Iroquois women made the main decisions for their tribes in a matriarchy that lasted a thousand years. Sign me up!
Here's a little gift in that department! Anne Baring is the best about how we went from matriarchy to patriarchy:
Awakening to a New Story: https://www.youtube.com/watch?v=Fyi0IUuz7ZI&list=PLUPNg7heGmgfGkh8T1qwNJ5VmvpsCobQG&index=17
Thank you! That link is a huge gift!
We are the world.
We are the universe.
Literally.
Deport Usha Vance!!
Thom,
Thank you for this well thought out and provocative article. Trump and his murderous Regime are breaking every law, U.S. and International that they can imagine. They know no law, ethics, or morality other than might makes right. When Trump claims that his only limitation is what his mind can dream up. It shows his scorn of everything that matters in human relations and the politics of nations. It defies the Christian tradition that his Evangelical, Catholic, and Christian Nationalist supporters allegedly so value.
It is a criminal regime that targets anyone, anywhere, and anytime to speak against it.
Please keep writing and speaking the truth, and watch your six.
Steve Dundas
I'm sorry, I don't believe in The White House anymore. When I was 16 yrs old my family went to Washington DC. We took the tours, we sat in on the Senate...there was no one there and they were talking about 'pork barrel spending.' They haven't made it better yet. I was sorely disappointed but my dad reminded me that these buildings were ours -we the people! He was blue but he was what a real patriot is supposed to be. If I had even left a scratch on any part of the White House or the Capital Building he would have had me outside before I even know what had happened. He taught me respect for other people's property and until you know who took over the seat that used to belong to the "people's president, I believed that we were still "the people". Not anymore
Thom, this is a on going wait for it, all the time. What do with a man who has absolutely no morals at all, Thom! Thank you for your wonderful mind, always thinking. Thom, Putin is enjoying
this very much, right. I, knew with his smile from the Beast with Trump in Alaska. He, owns him Thom. We, are becoming that. Kill people and say they caused their on death style, like Putin. Thom! Democracy? Really?
Seattle. Please put up a pic of Renee Good up on the wall where the camera can see it with her name on the top and on the bottom "Murdered by ICE" brought to you by Putin's puppet Krasnov.