Quarterly Debt Interest Payments of $1 Trillion

Quote of the Day

Dimon recently stated that stagflation was unavoidable for the United States. Therefore, he predicted that high inflation and unemployment would be a massive concern for the country. That is a dire statement, as the employment figures have been a stabilizing factor in the US economy amid its two-year inflation fight.

The pressure of these impending realities is only made more concerning with government spending continuing to grow. The US quarterly debt interest payment has recently surpassed the $1 trillion mark. That details the incredible global concern regarding the continued viability of the US dollar as a reserve asset.

Joshua Ramos
May 30, 2024
BRICS: JPMorgan Forecasts Unavoidable Crisis for the US Dollar (watcher.guru)

See also U.S. Reacts To BRICS De-Dollarization Agenda.

And don’t forget the country is adding $1 Trillion in Debt Every 100 Days as well.

We live in interesting times. Prepare appropriately.

Bullet Wordcraft

Quote of the Day

Today the currency is in dollars. Soon it could be in bullets. With the threat being hyper-velocity instead of hyper-inflation.

MTHead
June 1, 2024
Comment to Hyper Inflation May Be Avoided.

It will take more to convince me this is plausible in the near future. But I like the wordcraft.

And I want an underground bunker in Idaho just in case.

Small Imagination and Narrow Mind

Quote of the Day

It’s not fear, it’s cock swinging when you don’t have the junk to swing.

SloneK. @king_sandirella
Posted on X on Jjune 21, 2023

It’s not only another Markley’s Law Monday, it is another science denier!

They must have an exceptionally small imagination and narrow mind to believe those are the only two options to own and carry a gun. Especially, since one of the people in the picture is a woman.

Censorship Warning

Quote of the Day

It is foolish and naive to believe that censorship will be “temporary” or “restricted.” Once a government succeeds in establishing a Ministry of Truth and dictating what can and cannot be said, it will inevitably use these powers to silence any genuine opposition. When governments arrogate to themselves the power to determine what is true and what is false, they open the door to tyranny. It is a slippery slope that leads inexorably to the suppression of dissent and the erosion of democracy. Until recently, this was a point of consensus among liberals and conservatives alike. It appears that is no longer the case.

Paulo Figueiredo
May 24, 2024
Lula’s Brazil: A Cautionary Tale For Free Speech In The West

Emphasis in the original.

Canada, England, and don’t forget: Joe Biden’s Disinformation Board Likened to Orwell’s ‘Ministry of Truth’ – Newsweek. See also: Quote of the day—Jeff Carlson and Hans Mahncke | The View From North Central Idaho.

And that doesn’t even count all the private “censorship” by Facebook, Twitter, YouTube, Instagram, etc.. We are in some dark times.

Prepare appropriately.

Hyper Inflation May Be Avoided

Quote of the Day

This contrarian sees a strong consensus around the notion that hyper-inflation is the inevitable end-game of nation-states / central banks issuing fiat currencies, i.e. currencies that are not restrained by being pegged to tangible assets such as gold reserves. The temptation to issue (via “printing” or borrowing new currency into existence by selling sovereign bonds) more currency becomes irresistible to politicians and central bankers alike. as the means to mollify every constituency, from elites to the military to commoners dependent on state-funded bread and circuses.

This unrestrained creation of new money far in excess of the expansion of goods and services (i.e. the real economy) devalues the currency, as “all the new money chases too few goods and services.” Gresham’s law kicks in–bad money drives good money out of circulation–as precious metals, fine art, gemstones, etc. are hoarded and the depreciating currency is spent as fast as possible before its purchasing power declines even further.

The Cantillon Effect also kicks in: those closest to the spigot of new money get first dibs on converting the depreciating currency into tangible goods, leaving the non-elites to sweep up the “trickle-down” shreds left as the currency loses purchasing power daily.

The consensus holds that there is no way to stop this decay of purchasing power to near-zero, i.e. hyper-inflation, once it starts. As in a Greek tragedy, the fatal flaw of the protagonist–in this case, fiat currency–leads inevitably to its destruction.

In the real world, things having to do with money tend to occur because they benefit powerful interests. This leads us to ask of hyper-inflation: cui bono, to whose benefit? Exactly which powerful interests benefit when a currency’s purchasing power plummets to near-zero?

Charlies Hugh Smith
May 27, 2024
Of Two Minds – Is Hyper-Inflation that Destroys a Currency a “Solution”?

Emphasis in the original.

I found his alternate version of things may turn out intriguing. But as I read his post I became more and more concerned with the question, if things will go a different way because of the “powerful interests” will steer it to something to their advantage, then why has there ever been hyperinflation? Wouldn’t those “powerful interests” have taken those previous (except perhaps the first example of hyperinflation) instances down a different path?

Still, something other than hyperinflation as the reset button is something to consider and prepare for.

California’s New Tax on Gun is Based on Lies

Quote of the Day

As a professor who studies the economics of violence and illicit trades at the University of San Diego’s Kroc School of Peace Studies, I think this law could have important ramifications.

That agency, part of the Justice Department, is tasked with making American communities safer.

The ATF focuses on those products because, while legal, they can cause significant harm to society – in the form of drunken driving, for example, or cancer-causing addictions. They also have a common history: All have been associated with criminal organizations seeking to profit from illicit markets.

Alcohol and tobacco products are thus usually subject to state excise taxes. This policy is known as a “Pigouvian tax,” named after 20th-century British economist Arthur Pigou. By making a given product more expensive, such a tax leads people to buy less of it, reducing the harm to society while generating tax revenue that the state can theoretically use to offset those harms that still accrue.

California, for instance, imposes a US$2.87 excise tax on each pack of cigarettes. That tax is higher than the national average but much lower than New York’s $5.35 levy. California also imposed a vaping excise tax of 12.5% in 2021.

Of the three ATF product families, firearms have enjoyed an exemption from California excise taxes. Until now.

Topher L. McDougal
University of San Diego
May 28, 2024
California is about to tax guns more like alcohol and tobacco — and that could make a dent in gun violence (goodgoodgood.co)

Even if you want to ignore the unconstitutional taxing of a protected right, I find the following things very telling:

  • He claims the BATFE has the control of those products because of safety issues. This conveniently ignores the history of starting out under the Department of Treasury because it was all about the taxes on alcohol, tobacco,and NFA firearms.
  • If you read the source article, while tallying all the costs he ignores all the benefits of private firearm ownership.
  • He uses the total number of homicides as a cost while ignoring many of those homicides are justified. Which means each of those justified homicides represent one or more innocent lives saved.
  • He includes all suicides by firearm as a cost, which assumes none of them would have occurred if it had not been for the access to guns. I.E., he is assuming no other means of suicide would have been substituted in any of the cases.

In other words, he is lying by omission.

Of course he lied! You should not be surprised. It is part of their culture.

Of Course They Lied

Quote of the Day

I spent an hour putting the data together. If I figured out that guns ownership has an insignificant effect on the murder rate then so did the researchers paid for by anti-gun billionaires. This data means that they knew. It means they lied to please the people who paid them.

Rob Morse
May 26, 2024
See for Yourself if Guns Cause Murder (jpfo.org)

Of course they lied! It is part of their culture.

Roll the Dice For All Humanity

Quote of the Day

So let’s keep sending messages to the stars. Now that we can finally say something to aliens, maybe they’ll be curious to converse with the creatures in this zoo.

John Tierney
May 24, 2024
Instapundit » Blog Archive » WHY ET WON’T WIPE US OUT: Humanity Shouldn’t Be Afraid to Say Hello to Aliens. I enjoyed the “3 Body

Read the whole thing and beware of the False Consensus Effect.

Saying, “Hello” to aliens may have wonderful results or cause the extermination of our species. I don’t even have a guess where on that continuum the dice will land. What I do know is that we cannot logically know the answer ahead of time. Any rationale you come up with will have the bias of assuming they are somewhat like us. This, almost for certain, is a false assumption. And even my assertion they are different could be wrong.

Still, I am willing to roll the dice. I am an optimist.

Revolutionary Honesty is Gone

Quote of the Day

I miss the 1970s sometimes. Not just the music. And the sex. And the drugs. I miss the terrorists. The old-school terrorists. Or, OK, maybe not the terrorists, but the revolutionaries who cheered on the terrorists.

I miss the clarity, and the honesty, of that era.

Maybe you’re too young to remember, but, back in the day, you didn’t get all this hemming and hawing about murdering civilians. The terrorists, and the revolutionaries who supported them, were not ashamed of murdering civilians. The Revolution demanded that they murder civilians. Murdering civilians was one of the fundamental strategies of the Revolution.

CJ Hopkins
May 22, 2024
Asymmetric Idiocy – Consent Factory, Inc.

The clarity and honesty has been abandoned because it doesn’t work all that well when you are attempting to sell Communism. They still need to murder lots of innocent people, but saying that up front hurts their sales pitch.

He Probably Thinks This is Clever

Quote of the Day

Owning AR-15s makes you a dick it doesn’t change the size of your dick

Dannie D @DannieD01
Posted on X on June 16, 2023

It’s not only another Markley’s Law Monday, it is another science denier! Yet, he probably thinks this is clever.

Simple things for simple minds.

The Stupid Party

Quote of the Day

Never ascribe to a conspiracy that which can be adequately explained by unplanned financial self-interest.

Porn is not a Jewish conspiracy to sap and impurify our precious bodily fluids, okay?

It’s a market correction for the gap between the male demand for sexual release, and the female supply of desirable and willing partners. You know, a market correction? That thing that happens in the free market? You remember the free market, right?

It’s that thing conservatives praise occasionally, but immediately turn against every time it points out a gap between their ideals and the reality on the ground.

People are just making money selling porn to horny men. That’s all it is.

But what conservatives are never, never asking themselves is, why are there so many horny men around? Why is there such a demand for porn, when it’s transparently obvious that no man in the world prefers porn to an attractive and enthusiastic female partner (or two)?

No, they never ask themselves that question because it’s easier to scold men than to address issues which would require them to take on someone with actual political power.

Look, when a man hits puberty, he starts getting horny. He can hold off doing anything about that for a little while, because he’s young, easily indoctrinated, and he’s still figuring it all out anyway. But pretty soon, he’s going to be driven to do something about that, and not all the lectures about sin that you can muster are going to stop him.

So why are men turning to pornography?

Because sex with a preferable partner is unavailable to them. Duh.

Conservatives uttered not a peep when boomers fucked the economy so no one could afford to buy a home, or raise children, until their late twenties or early thirties. Conservatives uttered not a peep when women wanted to leave the home and compete in the workforce, delaying marriage to build their careers. Conservatives uttered not a peep when women wanted to stop cooking food, and remained silent when the stores filled with pre-packaged factory slop made from processed corn and soybeans, and packed with sugar, causing an obesity epidemic.

Conservatives actively opposed availability of contraceptives at every opportunity, and refused to compromise at all on abortion.

Conservatives sat idly by while feminists took over the culture and taught women to hold men in contempt.

And on and on it went, until now, we’re reduced to landscape where only the top 5% of women are as attractive as the average woman of 50 years ago, and only the top 5% of men are desired, admired, or respected by women at all, and things have gotten so bad that young men will pay for naked pictures of attractive women because that is the closest they can get to the real thing, and conservatives’ solution is… scold young men some more? Ban porn?

Great.

Fan-fucking-tastic.

Because attacking the supply side worked sooooo well with drugs, didn’t it?

Conservatives are so goddamn dumb that they spent decade after decade fighting a “war on drugs” that they could never win, while ignoring the leftists quietly gutting the economy and fucking up everyone’s quality of life.

Thereby ensuring an ever-increasing supply of people so frustrated and miserable that porn and fentanyl sounded like an improvement over their daily lives.

Conservatives, please have this tattooed on your foreheads, backwards, so you can read it every morning in the mirror:

Demand creates supply. Supply does not create demand.

If you want to get rid of something, you must reduce the demand for it. If you want to get rid of the demand for something unhealthy, you must supply sufficient quantities of a superior alternative which is healthy.

A healthy society must have a healthy and available outlet for all human appetites, or it will cease to be a healthy society.

I swear, if you guys had spent half the energy fighting income taxes, socialism, feminism, government entitlements, and the erosion of the American quality of life that you spent on porn, abortion, and men in dresses pretending to be women, then you would have a lot less to cry about right now.

But you didn’t wanna upset women or boomers, and you didn’t want to cut federal spending, and you certainly didn’t want to confront the crass material appetites of human nature instead of retreating and burying your nose in a bible instead.

So now you are the Stupid Party. Which still makes you superior to the Evil Party, for all the good that does us.

But every two years, I’m still left with the unexciting choice between Stupid Party and Delusional Party, and things aren’t getting any better.

You’re nice guys, you really are. Your hearts are in the right place. I just wish your brains were in the right place, too.

Devon Eriksen @Devon_Eriksen_
Posted on X May 23, 2024

F-15s Should Be Sold Next to Corollas on Used Car Lots

Quote of the Day

Every day some dullard spouts off some lame version of Joe’s idiocy, so we’re just going to get out in front of it today:

F-15s should [be] sold next to Corollas on the used car lots.

That being said, we’ll take two.

Image

Firearms Policy Coalition @gunpolicy
Posted May 17, 2024 on X.

One of the things I like about the FPC is their boldness.

Giga Idaho

Quote of the Day

The Greater Idaho project is cool and all but have you heard of Giga Idaho?

Image

Dale Stark @DaleStarkA10
Post May 22, 2024 on X.

I am willing to listen, but I need to be convinced on this.

Via a post by Chuck Petras @Chuck_Petras.

It is Not About Safety

Quote of the Day

A new study listing Washington as the eighth most-dangerous state in the country refutes the hype from national gun control groups which give the state high marks for gun laws, the Citizens Committee for the Right to Keep and Bear Arms observed.

The study, by the Simmrin Law Group, is being reported in newspapers across the Evergreen State. Yet Washington gets an “A-” on the Giffords gun control scorecard, while the Everytown for Gun Safety gun prohibition lobby group brags that Washington is “#9 in the country for gun law strength.”

“Evidently,” CCRKBA Chairman Alan Gottlieb observed, “the gun prohibition lobby is living in an alternate universe. Giving the state such high ratings probably won’t make the families of violent crime victims feel any better. We’re still waiting for anti-gunners to explain how, after almost ten years of pushing increasingly restrictive gun laws, which only penalize law-abiding citizens, the number of Evergreen State murders has more than doubled. Clamping down on gun rights was supposed to reduce murder and mayhem.

CCRKBA 
April 29, 2024
STUDY REFUTES HIGH GRADES FOR WA GUN LAWS BY GUN BAN GROUPS | Citizens Committee For The Right To Keep And Bear Arms (ccrkba.org)

As we have known for a long time, it is never about safety of the ordinary person. It has to be about something else.

Prepare appropriately.

Knives and Rifles

Quote of the Day

More people are killed by slashing or stabbing than are killed with rifles or shotguns of any type. In 2022, according to FBI data (the most recent year for which it is available), 1,216 people were murdered with knives or cutting instruments. That same year, 489 people were murdered with rifles (of any kind), and 161 died from shotgun blasts.

So, what Australia just reminded the world about gun control is that restrictive firearms policies do not prevent murderous mayhem.

Dave Workman
2024
On The Cutting Edge – American Handgunner

What this tells us, as if we didn’t already know, is that the battle over semi-automatic rifles is not about their utility as an offensive weapon. It is about the defensive use of them. They do not want you to be able to defend yourself with a rifle.

Prepare appropriately.

Interesting Perspective

Quote of the Day

Right now, this very moment is a very complicated time for gun violence prevention activists because with Biden in the White House, the media does not want to aid us in demanding stronger gun reforms because whatever Joe Biden does is suddenly the right thing to do.

When Donald Trump was the president, calling for an assault weapons ban and saying that the measures that he was putting in place were not nearly enough was a very popular opinion. Now if you’re calling for an assault weapons ban, suddenly you’re just an angry leftist who will never be happy with anything.

Cameron Kasky
May 12, 2024
Parkland activist says achieving gun reform harder under Biden because everyone wanted to ‘stick it to old orange man’ (yahoo.com)

Sometimes it is easy to believe that your political team is disorganized, ineffective, lazy, corrupt, and/or uncaring about your primary political objectives. It is good to know that your political opponents have the same belief about their team.

There is a good chance both set of beliefs are valid.

How Would They Know?

Quote of the Day

You gun folks have small penises

Toodaloo (@eagle1434)
Posted on X on June 08, 2023:

It’s not only another Markley’s Law Monday, it is another science denier!

You should also note that Toodaloo deleted their post about gun owners.

How does this person think they know that? From personal experience with a large enough sample size?

Of course, do not expect anti-gun person to use data and/or rational thought to determine truth from falsity. Peterson Syndrome is a real thing. These people tend to not have a means of determining truth from falsity. They have beliefs based on nothing but faith. And the anti-gun people who are rational and use data to determine how to know things are consummate liars. It is part of their culture.

Or, most likely, it was just a childish insult when they couldn’t defend their beliefs.

What About the Bump Stock Ban?

Quote of the Day

If the Biden regime gets four more years, they are coming for your guns,

In my second term, we will roll back every Biden attack on the Second Amendment.

Donald J. Trump
May 18, 2024
Accepting N.R.A. Endorsement, Trump Pledges to Be Gun Owners’ Ardent Ally – The New York Times (nytimes.com)

And what about the Trump attack on the Second Amendment? Is everyone supposed to overlook the bump stock ban under the Trump administration?

I’m not saying a Biden second term would be better than a Trump second term. But casting the contest as voting for the lesser of two evils would have a fair amount of validity.

We Need Reeducation Camps for Gun Lovers

Quote of the Day

After reading about the gun class for people who hate guns, I couldn’t help but think what’s needed even more is a gun-control class for those who love guns.

Jerry Rubin
Santa Monica
May 13, 2024
L.A. Times letter to the editor
Letters to the Editor: Liberals don’t need to get a gun because everyone else has one (msn.com)

Ahhh… yes. A slightly obscure reference to the reeducation camps they are just can’t wait to send us to.

Prepare appropriately.

Any Excuse Will Do

Quote of the Day

Parker said that even though the proposed bill would not have prevented the 33-year-old gunman who committed the mass shooting from purchasing a gun, she still thinks it’s a step in the right direction.

James Hartley
May 8, 2024
Fort Worth Mayor Mattie Parker makes statement in support of proposed gun control measure (yahoo.com)

I find this very telling. They find excuses to implement gun control knowing that the proposed law would make zero difference in the examples they use to get the law passed. Gun control is not about making the general public safer. And they know this as they push for yet more gun control.

It is the same with almost all anti-gun activists and politicians. It has been going on since at least the “Brady Act”, which had that law been in effect before Brady and President Regan were shot would have made zero difference in the perpetrator committing his crime.

How can you tell if an anti-gun activist is lying? Yes, their lips are moving. It is an essential part of their culture.

Prepare and respond appropriately.