"Morning Has Broken" (opens in separate window)

recovering america

friday, may 27th, 2022

Don’t dare apologize for any of it.

This free-falling into a 'new America' is becoming increasingly unlivable. For anyone over a certain age, this America, this culture, this society have become beyond foreign. It is not the country we grew up in and it is not the country we want to die in. It is alien. The obsession over hyper individualism is turning surreal. But then, is it not inevitable? Are these not the seeds planted of our own destruction? There is a reason our Founding Fathers agonized about what would happen with freedom in a society without virtue.

So, where do we go and what will we become?

Be decisive. Don't hesitate. The roads are paved with squirrels, once full of good intentions, in getting to the other side.

The country is still out there, that America that we remember, the one that was proud and strong, but also assured, humble -- the one that embodied a quiet patriotism that didn’t need boasting and the over-the-top half-time shows and fly bys and millions in ad spends. We rightly hesitated at the thought of Empire, of marching off to endless wars. Our love of nation just was, it was in our blood, in our quiet demeanor. We knew who we were.

My thoughts wander off to driving through Wisconsin farmland, the rolling hills and bluffs, the rivers and woods, the nestled burgs, the tall corn and wheat, dairy farms and hollows, the rising wind and late summer chills, the dry harvest and burning leaves, the weather turns and cold chills. I reminisce on the hearty and sturdy stock who tend those fields, assured and solid, as old as the centuries of our past, from first to come ashore across the colonies in all their glory.

How long before the road closes before me, the long last ride, the final push across valley clear, the river crossed mightily and fallen back in mirror gone, into the receding fog of our past? How long before our final look past, the fading hills and trees rise down into our forgotten history?

How do we recover what has been lost, or is that a fool’s errand? For time in its continuum races forward, the need, the urge and desire to pull it back to retreat, is nothing but a dream turned into a saddening nostalgia, bitter torn and tears and lost remembrances.

Beware of old photos, they are just a snapshot, made to fool us into a false sense of what was. I glance at two old photos, one of Van Nuys Boulevard and another of a shopping area in Panorama City, both parts of the San Fernando Valley, in the city of Los Angeles. The photos are over a half century old, they bespeak of a long-ago part of America, one idyllic, flawed maybe, but simple, a different time and era, but they speak of something.

Again, that nostalgia, it can fool us, but drive down those streets today, Van Nuys or Roscoe Boulevard, one sees in block after block, a cesspool of drugs, graffiti, homeless encampments, boarded up stores and rampant crime. It speaks of thousands of streets and towns across this country, the fallen, the despair, the hopelessness. Do we not care, does it not mean anything to see America turn into a third world country?

Wild thrushes glide backwards, falling into the wind, cold snap, whipping fast to tears rolling --and then the ice on sheathed skin, bare and bracing against the coming night. The things those eyes have seen, the cries and lost greatness, the sad turning downward as all that was once held true and right has been torn and ripped and attacked as ghosts of an evil past. What had built this nation into a City on the Hill and beacon is now ridiculed as nothing, nothing but a graveyard wavering on the guilty carcass of a cancerous beginning and the Founder’s Dreams that we are now taught are nothing but nightmares.

Gaze at a Thomas Cole painting, listen to a Samuel Barber composition, walk along the wide Missouri River, get lost in the poems of Walt Whitman, study the life of George Washington, stand in the fields at Antietam, recite Abraham Lincoln’s second inaugural, and don’t dare apologize for any of it. Not a thing, not a darn minute of our history needs to be sullied like the haters of our great nation are doing today.

I see myself in my aging years seeing this America race by, sitting on a porch, wondering how we let it all go. Again, maybe it was all inevitable. Too many forces against us, globalization and greed allowed for the destruction of the American heartland and industrial base. Our love and embracing of radical individualism, once the source of such greatness in the building of the American spirit, has run rampant, the community and family are dissolving, the churches are emptying, we “identify” as whatever or whomever we please. We celebrate our own destruction.

The leaves fall gently, golds and reds and vibrant colors downward settle as the sun recedes in the west, the eastern sky turns dark, and evening comes on, in all its quietness and relief of a long Autumn day, the last days of Indian Summer fall backwards, into a past that yearns and pulls at my heart.

I become that old man, that character from a Wendall Berry novel in Port William that looks past and beyond, gazing downward for the longest time, lamenting what has been lost.

And praying for the coming generations, that they may recover that which was our greatness.

© May 11, 2022 by Michael Finch, "FrontPage Magazine".

A Day In The Life.

Up at 8:30a on Friday, I went thru my finger stick to check my BSL (Blood Sugar Level) and recorded it on my Diabetes 2 chart, made Hawaiian Kona Coffee, took a Tramadol for R/S pain, held-off on breakfast, had a couple smokes in the semi-cool garage and checked the leftover errands list. It was a warm 67°, rainy start to the morning. Forecast was for 91° today, and a hot 95° tomorrow. I listened to the final 30min of the Chris Stigall Show (6-9am), and then switched to the Chris Plante Show for the rest of the morning. His show was hosted by a sub; damn. I put off a few errands until tomorrow.

I decided to stay home, and do some laundry, instead of driving south to DeVono's Cleaners, just to drop-off 2 shirts and a pair of jeans. Maybe later in the afternoon. Sherry called and the afternoon is pending, depending upon her "dog duty" stint. I had some really good strawberry yogurt and just watched the ominous t-storms roll thru the area. I had Jambalaya and Cornbread for lunch. Around 1p, I drove south to the cleaners in Red Lion, and suddenly, a ***TORNADO WATCH*** started flashing on my Jeep Grand Cherokee's dash control "infotainment" screen:


***Tornado Watch***
From
11:35am EDT, May 20 2022
Until
07:00pm EDT, May 20 2022
THIS WATCH INCLUDES 21 COUNTIES IN CENTRAL PENNSYLVANIA:
ADAMS, BEDFORD, BLAIR, CENTRE, COLUMBIA, CUMBERLAND, DAUPHIN, FRANKLIN, FULTON, HUNTINGDON, JUNIATA, LANCASTER, LEBANON, MIFFLIN, MONTOUR, NORTHUMBERLAND, PERRY, SCHUYLKILL, SNYDER, UNION, YORK.
THIS INCLUDES THE CITIES OF ALTOONA, BEDFORD, BERWICK, BLOOMSBURG, CARLISLE, CHAMBERSBURG, DANVILLE, GETTYSBURG, HARRISBURG, HERSHEY, HUNTINGDON, LANCASTER, LEBANON, LEWISBURG, LEWISTOWN, MCCONNELLSBURG, MIFFLINTOWN, MOUNT UNION, NEWPORT, POTTSVILLE, SELINSGROVE, SHAMOKIN, STATE COLLEGE, SUNBURY, WAYNESBORO, AND YORK.
PRECAUTIONS:
IF YOU SEE IT COMING, GET YOUR DAMNED ASS DOWN IN THE BASEMENT TO SAFETY!


Back by 1:30p, I garaged the Jeep, not wanting any branches or limbs to fall from the 80ft Pin Oak, next door. It was 82° and, with the heavy cloud cover and passing t-storms, I guessed that it wouldn't rise too many more degrees. Suddenly the rain started in torrents, for 20-30mins. With the 35-50mph winds, debris was falling from every tree, and the street gutters were overwhelmed. The debris that fell from the Pin Oak, next door, littered both adjoining driveways, so I cleaned as best as I could, but I will wait until things dry off tomorrow, and use my 120-140-160mph leaf blower. I recorded almost 2" rainfall.

After a Shrimp, Butter, Garlic, Angel Hair Pasta for dinner, I turned the AC down to 72°, since the 90% humidity outside was stiffling. If it hits the forecast 95° tomorrow, I'll be staying inside all day. I watched "Gold Rush", "Mecum Auto Auctions" and caught some updates from Fox News. "Gutfeld" came on at 11, and I unplugged around midnight.

♪ ♫ ♬
I owe, I owe, it's off to work I go...
♪ ♫ ♬

Up at 7:30a on Saturday, I did the usual finger stick routine, made coffee, skipped breakfast, had a couple smokes in the garage, checked the weather and news on my computer. It was very humid 68° outside, a muggy 78° in the garage, and we already had ***DENSE FOG WARNING*** and ***AIR QUALITY ALERT*** warnings posted on AccuWeather's site. I knew it was going to be an ugly day, with the forecast at 94°+. By 9a, it was already 77° and climbing. I lounged around until noon, in gym shorts and an Ol' GC&N T-shirt, got a call from the nearby Rite Aid to p/u some waiting Rxs. At 12:30p, temps were at 87° and it was seriously uncomfortable. By 4p, temps had hit 92° and except for an occasional smoke in the not-so-cool garage, I stayed inside. The front porch was 104°, and the back patio was 112°, so no relief there. Too much heat, too early in the Spring.

I had Jambalaya for a late dinner, watched "Motor Trend's "Mecum Auto Auctions", on-and-off, for a few hours until 11, and bagged-it for the night. There's an F-1 Grand Prix Race -- The Spanish GP -- on ESPN from 9-11a, tomorrow.

The alarm went-off at 6a on Sunday, dawn just breaking on a 78° and very humid morning. I made coffee, did the finger stick thing, had a couple of smokes in the garage, and checked the weather and news on my computer. The F1 Spanish Grand Prix was to go off at 9a, so I grabbed my usual morning shower, skipped breakfast, got a load of dishes and laundry ready-to-go. Tomorrow is forecast to be in the low-70s, so perhaps it'll be more comfortable. It was a hell of a good race! I started laundry around 11:30, put-off lunch until later, and mostly stayed inside, except for smoke breaks in the garage, as temps climbed thru the 80s into the 90s. I just don't have any appetite in the heat and humidity. At 5p, the thunder just to my south, was almost deafening:


***Severe Thunderstorm Watch***
From
01:53pm EDT, May 22 2022
until
09:00pm EDT, May 22 2022
IN CENTRAL PENNSYLVANIA, THIS WATCH INCLUDES 23 COUNTIES:

WHAT: SEVERE THUNDERSTORMS, PEA-SIZED HAIL AND 50-70 MPH WIND.
WHERE: ADAMS, CENTRE, CLINTON, COLUMBIA, CUMBERLAND, DAUPHIN, FRANKLIN, FULTON, HUNTINGDON, JUNIATA, LANCASTER, LEBANON, LYCOMING, MIFFLIN, MONTOUR, NORTHUMBERLAND, PERRY, SCHUYLKILL, SNYDER, SULLIVAN, TIOGA, UNION, AND YORK.
SPECIFICALLY: THIS INCLUDES THE CITIES OF BERWICK, BLOOMSBURG, CARLISLE, CHAMBERSBURG, DANVILLE, GETTYSBURG, HARRISBURG, HERSHEY, HUNTINGDON, LANCASTER, LAPORTE, LEBANON, LEWISBURG, LEWISTOWN, LOCK HAVEN, MANSFIELD, MCCONNELLSBURG, MIFFLINTOWN, MOUNT UNION, NEWPORT, POTTSVILLE, RENOVO, SELINSGROVE, SHAMOKIN, STATE COLLEGE, SUNBURY, WAYNESBORO, WELLSBORO, WILLIAMSPORT, AND YORK.


Because of hail warnings, I quickly moved the Jeep back into the garage, after getting the garbage out to the curb. Downpours from T-storms were everywhere, but no visible hail. I had a Classic BLT Sandwich for dinner, watched History's "American Pickers" thru the evening and unplugged at 11:30p. I have a 9a service app't for the Jeep, down south in Red Lion.

Awake at 5:30a on Monday, it was a cool 51°, and a much-less-humid morning, with a temp of 78° forecast for the day. I did the usual routine, made coffee, had a couple smokes in the garage and tuned into the "Chris Stigall Show" on Philly 990am 6-9a, via my computer. I'll miss the "Chris Plante Show" from 9-12, while waiting at the Jeep dealership for service, so I'll catch it on the afternoon podcasts.

Things did not go well at the Jeep Dealership, Thornton Chrysler/Dodge/Jeep etc, south in Red Lion. Arriving at 8:45a, to get an oil change, tires rotated and brakes checked, I checked-in with a new Service Advisor, and after 25mins, Kera, the Service Advisor, showed me a broken Left/Rear shock -- covered under my extended warranty minus deductible -- and that my front end alignment was out 3-4°, and that my state inspection expires next Tuesday. They're closed on Monday (Memorial Day), and full-up on Tuesday, so I'm scheduled in on Wednesday, June 1st, to get the replacement shock, new alignment and 2022-23 inspection done. Crap.

Home by 10:15a, the driveway sealer company still hadn't shown-up to repair and sealcoat the 40 driveways, here at the condo complex. They finally arrived at 2p, and worked on 'prepping' the driveways, but not sealing any. Becky stopped by at 4p, with some containers of food she'd gotten at Whitecomb's Farm Market, loaded with good food, right here in York.

I parked in a visitor's space, just a few doors down from my condo, since the paving company showed-up and broke speed records in getting the 40 driveways prepped: some just for sealing, some for patching and sealing, and a few for complete repaving. At least I can get to my Jeep tomorrow for errands and am not parked into the garage, while the sealer dries 24hrs. I had dinner, did some paperwork and watched TV until 12 midnight. Lights out. JoAnne, my cleaning lady's in at 8:30a, tomorrow.

Up at 6a, I made coffee, readied a Croissant and preserves for breakfast, turned-off the AC, and had a smoke in the garage. It was 57° and cloudy, and I heard the paving company arriving to get the driveways sealed, that they're prepped yesterday. It's going to be 24hrs until we can park in the driveways again, so they need to get to it, before any rain comes. I must have woke-up "on the wrong side of the bed", but I can't listen to politics on talk show, on the radio, anymore. I'd turned on the Chris Stigall Show (6-9am), and all he was talking about was the corrupt Mid-term PA election results and court challenges, since he's from the Philly area, one of the worst demonKKKrat areas in the country.

It was a mess outside, as they saw-cut portions of various driveways, to repave them. Massive clouds of white dust everywhere. I opened the garage door, for a few minutes to let fresh air in, and closed it quickly, in between clouds of dust. My Jeep was parked nearby in a visitor's space. Most had parked on the main street at the end of the condo complex' lane. I ran a couple of quick errands while JoAnne was here, but wanted to be back when the paving company sealed my drive, to make sure they blew-off any debris dropped from the dirty oak tree, next door. The entire group were Mexicans, spoke no English, but at least the crew supervisor did speak some. Figures.

I had Creamed Chipped Beef Over Toast, w/ Peas for lunch, and continued the paperwork jungle for much of the afternoon. The paving company disappeared after lunch; go figure. This was supposed to be done by tonite, but it won't. It'll go on thru Friday, when the gutt6er cleaning company arrives.

FedEx Express has secured a government contract to bring another international shipment of infant formula to the U.S. on Wednesday. We can't even provide baby formula to our Nation's babies. Can you imagine how unprepared the US Military Forces are for a conflict or full-blown war?

God gave us free will. This life is only (supposed to be) a short duration before we go back home. That doesn't mean living doesn't hurt like hell though.

God Rest Their Souls

I was listening to some recent Talk Radio podcasts all afternoon, and missed this breaking news story of all those little 19 school children (7-8-9 yrs old) and the 2 brave teachers, who were murdered at a school, in Texas. Buffalo hasn't even finished burying their 10 dead from last week's terrible supermarket shooting, when this happens. It was a terrible shock, and people have wondered why I carry a Kimber 1911 .45 cal ACP "Eclipse Target II", concealed, and 2 extra magazines. That shooting is why. And what does pResident Meat Puppet, Potato Brain Joe Bidet&Co do? He went all left-wing wacko political asshole, on Live TV. He DEMANDED that "we do something about guns"! And so did the moronic, scumbag, lying lowlifes in Hollyweird. But notice that the corrupt, leftist media scumbags did NOT go batshit crazy over a "white supremacist", like they did with the Buffalo shooter. (((Sigh))) I watched TV until 12:30a, and bagged it.

Awake at 7:30a on Wednesday, to a sunny 58° start to the day. The pavement company, who has a boatload of driveways to get done, finally arrived at 9a. I did the usual finger stick routine, skipped breakfast and tuned-in the Chris Stigall Show (6-9am) until 9, then over to the Chris Plante Show, for the rest of the morning. I had some errands leftover from yesterday, and got those done after 12 noon. Jim's Paving Co, Lancaster, did a nice, professional job throughout the 40 unit driveway condo complex.

Sherry called and stopped-by on her way to Hallam. I had dinner later, and watched Discovery's 3hr Season Premiere of "Expedition Unknown", one of my favorite series on TV, until FNC's "Gutfeld!" came on at 11p, and unplugged at midnight.

Up at 7a on Thursday, it was a cloudy, 58° morning. I did the usual finger stick routine, made coffee, had breakfast and had a couple Marlboros in the garage. I tuned into the "CP Show" until 10:30, and then left for the nearby Rite Aid pharmacy to p/u several waiting Rxs. I took off the flagging tape and stakes on my driveway, since it's been 24hrs, and parked the Jeep in the driveway. Being blocked out of the garage/drive since Monday was enough for me; the topcoat sealing had "set" and was okay to drive/park on, IMO, once again.

Did you see this story? Davos Death Cult "elites" warn nations not to resist "painful global transition" to "Alternative Energy Sources". The "gas shortage", "supply chain disruption" and "inflation of every level", is pre-planned and deliberate! Just as I suspected, months ago. (No, I'm not normally a conspiracy nut theorist, but when a situation becomes obvious, acknowledge it.) The NWO (New World Order), WEF (World Economic Forum), WEC (World Economic Council) and UN -- all sitzpinklers -- are behind it all. High gas prices are just a part of the Biden&Co Administration's plan. Higher food, higher fuels, higher clothing and soon healthcare -- HIGHER COST OF EVERYTHING SHIPPED BY TRUCKS -- is included in that criminal scenario, raping the American Family, and forcing them to choose between gas in the car, or food on the table. They’re gearing up and will use an International means (likely healthcare) to finally shut things down, until we acquiesce. In other words, the rising gas prices are deliberate. Wow, it’s quite a coincidence -- a rigged election, a flu-like virus, and massive inflation wrought on America. They are not trying to hide, camouflage, or conceal their agenda any longer. They have moved into the final stage. Watch it happen.

I met Sherry at North York's Cousler Park, at 1p, and we spent some time walking the trails. We jumped into the Jeep, and drove west to Whitecomb's Farm Market to do some food shopping and have a look around; first time for me. We had "pretzel" sandwiches, which were good, bought 5-6 bags of food and I drove her back to her SUV at the park, ande we said goodbye until later. Home in heavy traffic, I unpacked, tried some of the food, and laid down for an unintended 3hr snooze at 6p. Damn, I didn't want to do that, but I was really tired. Back up at around 9, I watched TV until 12 midnight, and called it Yankee Doodle.

Tomorrow starts a new week here in the "Journal". Happy Memorial Day to you and yours.

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https://www.samsclub.com/s/salmon https://www.yalemedicine.org/news/13-things-to-know-paxlovid-covid-19 https://www.youtube.com/watch?v=iax-dL7F3qw COVID Protocols: https://freerepublic.com/~robertdelong/ Rigged The Zuckerberg Plot https://www.youtube.com/watch?v=90O-q7dgS-I The Culture Killers: The Woke Wars https://www.youtube.com/results?search_query=The+Culture+Killers%3A+The+Woke+Wars https://www.rushlimbaugh.com/videos/audio-clips/a-big-thank-you-to-chrissie-hynde/ https://www.google.com/search?client=opera&q=A+Nation+In+Decine&sourceid=opera&ie=UTF-8&oe=UTF-8 https://www.realclearpolitics.com/video/2022/05/09/tucker_carlson_undermining_christianity_is_the_central_project_of_the_political_left.html https://rumble.com/v141auj-president-trump-destroys-joe-biden-in-a-gaffe-compilation.html https://www.bitchute.com/channel/jfqZoFVLDiE9/ https://www.bitchute.com/channel/PrPYieReKiMr/ https://freerepublic.com/focus/f-bloggers/4059229/posts https://www.youtube.com/channel/UCbEPXqDvej-3mciZxwYmdew https://www.youtube.com/watch?v=H9SQo8UoFbc&list=PLksyvGwmYZ9w6ly2y2rtiLGAUP0oi2GZl&index=8 https://www.aetv.com/shows/the-first-48 https://www.youtube.com/watch?v=Aydy8Pf6Adk&list=PL5iECS-08XTt1upsypkhPXx9UTJCgiZrp&index=4 https://rumble.com/v10o3sj-the-doctor-who-figured-it-out-before-dr.-ardis.html https://rumble.com/v10vssr-live-taking-the-serpents-head-off-w-dr.-ardis-watch-the-water-explodes-worl.html https://omny.fm/shows/the-vince-coglianese-show/playlists/podcast/embed?style=cover (3.22.21) https://rumble.com/v10oq60-world-premiere-watch-the-water-full-movie-from-the-stew-peters-show.html If you want to be Rapture ready and go to Heaven, you must be born again (John 3:3). God loves you, and if you have not done so, sincerely admit that you are a sinner; believe that Jesus is the virgin-born, sinless Son of God who died for the sins of the world, was buried, and raised from the dead; ask Him to forgive your sins, cleanse you, come into your heart and be your Lord and Saviour; then tell someone that you have done this. I'm telling YOU this, right now. https://c.tenor.com/24E8BcKULYAAAAAC/unsee.gif https://i.pinimg.com/originals/bf/6a/a8/bf6aa8040d886c47a6b5948fa7d0d770.jpg

The Economic Doom Loop Has Begun.

High inflation, overregulation, and a general sense that things are going in the wrong direction remind us of the late 1970s and early ’80s. But today the underlying problems that were responsible for our woes in that time are vastly worse. The coming reckoning for Washington’s insanely irresponsible monetary policy may dwarf the troubles from all recent recessions and periods of inflation.

The Federal Reserve has created a doom loop between the housing market and inflation. For years it has printed tens of billions of dollars each month to buy sketchy securities meant to subsidize the housing market and favor bond traders. This continues even now, in spite of inflation and a red-hot housing market. But the housing market has become dependent on unearned, newly printed money, and stopping the flow might cause a catastrophic correction. If it doesn’t stop, however, inflation will explode.

Let me walk you through some of the math.

Inflation closes the gap between money earned and money spent. Since the financial crisis of 2008, the Federal Reserve expanded M2 money supply from just under $8 trillion to around $22 trillion today. During that time GDP has increased from around $14.6 trillion to around $24.5 trillion today. We’ve gone from a ratio of one dollar chasing $2.75 in goods in services to an almost 1 to 1 ratio today. Inflation during the same period, according to the government, has eroded the dollar by a mere 33 percent.

You think 8 percent inflation is high? Prices need to double, almost triple to restore any semblance of balance between currency and the things you can buy with currency. We have a long way to go.

To understand how dire the situation has become, we need to review a curious practice the Fed began shortly after the 2008 crash. In November 2008, the Federal Reserve began an extraordinary program of purchasing mortgage-backed securities (MBS) Using newly created money (not tax dollars or private investments), the Fed dumped billions of dollars per month with the stated goal of helping the government stimulate the economy.

A mortgage-backed security is simply a pool of mortgages. As homeowners pay their mortgages, the money then flows to bondholders. The 2008 financial crisis resulted from problems valuing these securities. In order to sell a MBS, the buyer had to gain some confidence in the likelihood of repayment. Because this involved so many complex and unknowable factors relating to each of the individual mortgages, the debt could sometimes turn “toxic” or drop in value quickly when buyers lost faith in the future performance of homeowners.

Years passed and a recovery seemed to abate the emergency. Yet the Fed just kept buying more and more. Traditionally, the Fed stimulated the economy by purchasing U.S. treasuries. This avoided the sticky problem of establishing a fair price for the security because the treasury’s value is relatively easy to establish. An MBS, however, cannot be easily valued because reasonable minds can make different predictions about the likelihood of individual homeowners repaying their loans. Thus, unlike purchases of treasuries, bulk purchases of mortgage-backed securities are ripe for waste, fraud, and abuse. There’s no easy way to audit whether the Fed is overpaying for the securities.

The sheer scale of the Fed’s involvement in the mortgage market caused an unstable bubble. As the president of the Kansas City Fed recently said, “by owning roughly one-quarter of the MBS market along with a significant portfolio of longer-term Treasuries, our presence in financial markets muddies price signals, encourages excessive risk-taking, and can foster financial instability. Asset prices remain historically high and remain vulnerable to economic and policy uncertainty.”

In other words, lenders don’t need to worry about lending to risky borrowers because the Fed is buying all the crap nobody else will touch.

Although the Fed promised it would stop buying mortgage-backed securities by March of this year, the promise came with a giant asterisk. As old bonds mature and disappear from its balance sheet, “monthly purchase schedules will continue to be issued to reflect reinvestment of principal payments . . .” In other words, when the Fed receives a dollar from an MBS payout, it just uses it to buy another bond.

Thus, in the face of red-hot inflation, the Fed bought another $38 billion in mortgage-backed securities in March. In April, it bought another $40.1 billion. This month, the Fed is in the process of buying another $34.5 billion.

Until recently, the Fed has been on an unprecedented buying spree. It increased its total MBS holdings from $1.7 trillion in 2020 to $2.7 trillion today. Indeed, the Fed made roughly $400 billion of those purchases after its chairman’s June 2021 testimony in which he famously labeled 5 percent inflation “temporary.” It was obvious then that inflation was just getting started.

So all of this might seem like terrible news. But it’s nothing compared to the doom loop that has begun to turn. The coming reckoning could be savage and apocalyptic. Let’s walk through what might happen next.

The problem with inflation is not just how high it is, it’s how quickly it is increasing. Again, the money supply has increased so much that prices would have to almost triple to restore balance between goods and the dollars chasing them. So the Fed’s mandate requires it to intervene to stop inflation. It typically does that by raising interest rates and selling back its bonds. When the Fed sells a bond, the cash flows out of the economy relieving the inflation pressure.

To fight inflation, interest rates need to exceed the inflation rate. That means a dollar saved loses purchasing power unless savings interest rates climb from less than 1 percent to something over current inflation (now around 8 percent). One rule of thumb provides that savings interest rates should reach 150 percent of inflation in order to reverse the trend. The theory holds that high interest rates encourage saving cash thus slowing down the speed at which money chases assets. If interest rates are less than inflation, it makes holding cash a losing proposition.

But in this environment, raising interest rates will cause a cascade of problems. The higher interest rates will slow the economy and cause unemployment. It will also swallow up tax revenue as the government has to pay interest on its massive debt. But more critically, it will increase the rate of default on home mortgages. Those defaults will make mortgage-backed securities less valuable and more unpredictable. That’s how the 2008 housing market seized up.

Thus, the doom loop.

The more the Fed props up the mortgage industry, the more it encourages inflation. The more inflation increases, the more urgent it becomes to stop printing money. When the printing press stops and interest rates rise, those MBSs likely will turn toxic again, freezing the market at the exact moment the Fed needs buyers for its bonds.

Alternatively, the Fed could just let inflation rip as it continues to pour gasoline on the fire. At this point, the latter scenario appears more likely as the Fed engages in half-hearted symbolic inflation-fighting measures. Not surprisingly, the inflation numbers get scarier and scarier. At some point, runaway inflation will force the Fed to take real action. One thing is certain: the longer it waits, the more it will hurt.

Closing the gap between money earned and money spent means cutting government spending, raising interest rates, reducing regulation, and lowering taxes. Government can and should facilitate increases in productivity by reducing its interference in every private transaction. More Americans get a check from the government than pay taxes. The labor participation rate is dangerously low. There just aren’t enough people pulling their weight to make the things needed to sop up all of this excess money.

Even communist countries have resorted to my suggested reforms when markets smash their utopian plans. But no communist was ever as dedicated to economic suicide as the current class of idiots who rule us.

© May 23, 2022 by Adam Mill, "American Greatness".

'Mark of The Beast' on Steroids? Pfizer CEO Intros Horrifying Wireless 'Compliance' Device.

The "mark of the beast" as described in the New Testament's Book of Revelation can be interpreted as a mark that will regulate trade. But even the Book of Revelation didn't include a pill you could swallow that would allow the government to see if you have complied with your orders. This is beyond sinister.

A clip (watch it the link below) of Pfizer CEO Albert Bourla describing his company's new technology to a group of elites at the 2018 World Economic Forum in Davos, Switzerland, has gone viral on social media over the past few days. (Dr. Bourla's full remarks can be accessed on the forum's website.)

Bourla told colleagues: "It is basically a biological chip that is in the tablet. And once you take the tablet and it dissolves into your stomach, it sends a signal that you took the tablet. So, imagine the applications of that, the compliance. The insurance companies to know that the medicines that patients should take, they do take them. It is fascinating what happens in this field."

This isn't the first time Bourla's words from that forum have been in the public eye. In January, USA Today published a "fact check" about the video to debunk reports that it had something to do with vaccines developed to fight the COVID-19 pandemic. The fact check noted that the forum took place years before the coronavirus outbreak, and said Bourla was simply answering a question.

"At the event, an audience member asked Bourla how certain technology can be used to guarantee that a patient will take a drug. In response, Bourla brought up an FDA-approved drug containing a digital sensor that can track if the medicine has been digested," the fact check stated.

After explaining that the pill in question referred to a medication to treat schizophrenia, bipolar disorder and depression, the fact check emphasized that Bourla's comments predated the coronavirus pandemic and had nothing to do with its treatment.

"Pfizer's COVID-19 treatment pills and COVID-19 vaccines do not contain digital tracking sensors," it concluded.

That's good to hear, but might not be as comforting as the fact check writer intended. In fact, we can easily imagine the applications of such a technology. And it fills us with stone-cold fear: What other pills might various governments have an interest in ensuring their people take?

If Bourla's words don't scare you, perhaps those of Hebrew University professor Yuval Noah Harari, the top adviser to forum founder and Executive Chairman Klaus Schwab, will. The video below contains a compilation of Harari's greatest hits. It's hard to believe he's even making these statements out loud.

I've transcribed all of his remarks because each was more breathtaking than the next.

Speaking at a WEF panel, Harari says, "Covid is critical because this is what convinces people to accept, to legitimize, total biometric surveillance. ... We need not just to monitor people, we need to monitor what’s happening under their skin.”

In an appearance on CBS News' "60 Minutes," Harari told host Anderson Cooper, "What we have seen so far is corporations and governments collecting data about where we go, who we meet, what movies we watch. The next phase is the surveillance going under our skin."

Harari explained to India Today's Rahul Kanwal, "We now see mass surveillance systems established even in democratic countries which previously rejected them. We also see a change in the nature of surveillance. Previously, surveillance was mainly above the skin. Now it's going under the skin. Governments want to know not just where we go or who we meet. Above all, they want to know what is happening under our skin. What's our body temperature? What is our blood pressure? What is our medical condition?"

In other, unspecified clips, he said: "Now, humans are developing even bigger powers than ever before. We are really acquiring divine powers of creation and destruction. We are really upgrading humans into gods. We are acquiring the power to reengineer life."

"I know that in recent years, we saw populist politicians undermining -- deliberately -- the trust that people have in important institutions like universities, like respectable media outlets. These populist politicians told people that say scientists are this small elite, disconnected from the real people."

"I mean, all these stories about Jesus rising from the dead and being the son of God, this is fake news."

"Humans are now hackable animals," Harari declared, giving his pronouncement a moment to sink in. "You know, there's a common view that humans, they have this soul or spirit and they have free will and nobody knows what's happening inside me, so whatever I choose, whether in the election or whether in the supermarket, this is my free will. That's over."

We can easily guess who won't be taking Pfizer's pills or any pills containing a biological chip -- every single member of elite on the planet.

I've never heard anyone speak like this. Never. I suppose that's because I'm not a member of the global elite. To this exalted group, obtaining absolute power over the masses is something they're entitled to.

They are somehow authorized to "monitor what's happening under our skin." As technology advances, they will gain access to our thoughts. As I see it, the ultimate goal is to control our thoughts.

The end game for this group of globalists is nothing short of absolute power over humanity.

And if that happens, the new world order will be complete.

© May 23, 2022 by Elizabeth Stauffer, "The News Outlet".

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