Archive for the ‘Looting’ Category

The Looting Has Begun

Thursday, August 19th, 2021

The biggest looters on the planet…

It’s not what you might think, at least not yet. At this moment, there are not bands of thugs roaming the streets of America, smashing windows, taking merchants’ goods, and setting their stores and neighborhoods ablaze.  To be more clear, not yet this summer. Chances are, the people who direct those thugs are saving up for some rainy political day in the not-so-distant future, when they will again deploy their shock-troops against an unsuspecting American people. Besides, most Americans have begun to make plans for such a situation, should it repeat or multiply, having spent the last fifteen months at least arming themselves to the teeth. No, this time, the looters are using a different tactic, and they wear mostly suits and ties. They hang out in places like Davos, or the Senate cloakroom, or over at the White House, or in Beijing.  The looting is now well in progress.  As consumers notice the first prong of the attack, they are now becoming more aware of the set-up that made it possible.  Inflation has begun to spike, but it’s just getting started, despite the misdirection coming out of the Federal Reserve Chairman, who has insisted until now that any inflation would be “transient.” Remembering that they don’t even consider price increases in food and energy as part of the Consumer Price Index, they’re admitting that we’ve already exceeded 5% inflation.  As the Federal Reserve’s printing presses go into overdrive, it’s important for you to know what’s likely to happen, and how you and your country will be looted blind. This isn’t accidental. They’re going to rob you, starve you, freeze you, and kill you. The looting is just a part of the plan, but for the moment, it’s the ugliest part likely in you immediate future. It’s going to result in the impoverishment and deaths of millions. Few of us will be exempt.

As always, they’ll blame it all on capitalism, or Trump, or bad luck, or even incompetence if they must. They’re not preparing you for it, because they know you’ll panic, and then bodily remove them all from elected and appointed offices without delay. They’re banking on our inaction and willingness to go along to get along, and chances are, they’re probably correct. Nothing is more slow to action than a comfortable human, no matter how short-lived such comfort may be. For those not really familiar with the notion of inflation, I’ll try to offer a simplified analogy. If you double the number of dollars in circulation, you halve their value. If there are forty trillion dollars of total wealth in your system, but you print ten trillion more, what you’ve done is effectively reduce the value of the pre-existing wealth by that proportion. Now, you’ve inflated the currency by 25%. If a loaf of bread cost $1.60 before the printing spree, it will now cost you $2.00.  If you do this across the whole economy, you begin to see the problem. Everything costs more as the money is worth less. Think of it another way: If you have a pie, and you cut it into eight slices, each piece of pie is worth 1/8th of the whole. If you instead cut it into 10 slices, now each slice is worth 1/10th of the whole. You haven’t increased the size of the pie(increased its absolute value.) What you’ve done is to reduce the value of a slice from 1/8th to 1/10th of a pie. This is an important concept, because a pie has a fixed nutritional value, so long as you don’t change its size or its ingredients. If the human diet included 1/8th a slice of pie as the daily recommended allowance, what it means is that when you slice the pie into 10 slices, you’re no longer getting the same value per slice in an absolute nutritional sense. In both cases, whether 1/8th, 1/10th, 1/20th, or 1/100th, it’s still going to be called a “slice of pie,” but what that means will shrink in value.  The same would be true in reverse: If you made the pie bigger, or sliced it into fewer pieces, the value of a slice of pie would increase.  Money’s value changes in precisely the same way.

What you can understand from this is that while our economy is producing much less wealth (value) today than it was two years ago, we’re nevertheless printing money as if we were producing the same amount or more. This means the value of your dollar is headed downhill fast. All of those people being paid to sit around doing nothing are adding to the problem in two ways: The first is that we’re borrowing (printing into existence) lots of money to keep them fed, clothed, housed, and medicated, and the second is because they’re not hitting a lick at a snake, they’re producing no value. They’re not building things, servicing things, cooking things, digging ditches, programming computers, answering phones, or whatever it is that they would otherwise be doing to create new value. Those ten million(plus) jobs that aren’t being filled?  They’re creating yet another problem that will drive prices up: Shortages.

In any market, generally speaking, when you have more dollars chasing fewer goods and services, prices will go up. That’s just a fact, and it’s why I detest when politicians scream about “price gouging” during an emergency. In an emergency, the unprepared suddenly find they need generators, gas can, gasoline, batteries, and water. They protest in screeches that it’s unfair that prices go up.  Folks, that is precisely how a free market works.  This is how a market rations scarce goods. This is why an ounce of gold is roughly equal in value to a metric ton of lead. That’s why diamonds are expensive, but cubic zirconium is not. That’s why a mint condition comic book of a particular issue can be virtually priceless.  It’s no different for anything else.

Now that we’ve covered inflation and the basic pricing function in the economy, let’s talk about some ways in which inflation is used to loot those who produce or save wealth. If you’ve not missed a day of work during the pandemic, but your neighbor has sat on his butt, he’s eating out of your pocket, and your wealth, your labor, is being redistributed to him because we’re borrowing into existence(printing) the money on which he’s subsisting.  He’s looting you by proxy.  More, if you’re paying taxes and he is not, more of your wealth is going to support him as he sits on his duff.

The Democrats (and the whole DC Uniparty generally) have no shortage of plots, plans, and schemes to loot you blind. Consider this nonsense about forgiving student loans. All debts are paid. It’s one of the oldest rules of economics. The question is only: Who pays it? Whether the lender writes it off, and his other borrowers pay it in the form of higher interest rates, fees, and so on, or whether the borrower makes the lender whole on time and as contractually obligated, all debts are paid… by somebody. So when the Democrats wish to “forgive the student loan debt” of the fools who unwisely took on debt to defray the costs of an inferior education, one they may not have bothered even to complete, what they’re really saying is that you will pay it. As a taxpayer, you’ll be on the hook, and when they borrow more money into existence(print it) to service the debt on all the money they’re borrowing, again, all the value of your existing money will decline.

Of course, this is yet one more way in which you’re to be looted. Your retirements will be the prime target of looting. I can’t wait until all of these “greedy geezers” on Social Security find that their government check isn’t going as far as it once did. Why? Well, the value of that money is like the value of all money: It’s being looted. Of course, this won’t be restricted simply to Social Security checks. It will also hit every other retirement fund, pension fund, and 401K or other plan. First, the Democrats intend to tax the Hell out of these funds and plans and so on, and of course, the money managers who oversee these funds will be hard-pressed to make the money grow at a rate equal to inflation, because much of what they invest in will soon crash down under the weight of all the dummies sitting on their duffs. Productivity is in a serious slump, and productivity is a driver of the value of equities. The looting will be most extensive here, because when the long bull market finally turns to a bear, there’s going to be a complete catastrophe.  The retirement for which you’ve been scrimping and saving, and the pension into which you’ve been paying for years at your job, all of it will be wrecked. Sure, you may still get the planned number of dollars, maybe, but what those dollars will buy in the market will be in freefall.

I want you to understand that when those nineteen dumb clucks among the Republicans in the US Senate went along with this catastrophic “infrastructure plan,” it’s because they’re going to get in on the looting too. You can bet that in the end, they’ll protect their wealth, of which they’ve accumulated much more through the corruption of our governmental system, and they will be the first to know when things are about to hit the fan, and thus be able to duck safely out of the way.

At the same time, all of the usual looting has been accelerated. Money flying out of this country to useless, fraudulent, corrupt oversees endeavors is on a whole new, nearly vertical, upward slope.  Money is being laundered out of this country at a phenomenal pace as Biden opens the hydrants and sprays cash all over the globe. You can bet that the high price Hunter will be getting from anonymous buyers of his crap-as-art paintings will be part of the kickbacks you’ll never track down.  The Soros crowd, the Davos crowd, and the whole despicable Clinton-Obama foreign policy scam-fest will continue unabated.  They’re the big-ticket looters, and you’ll never disentangle it from the pile of red tape under which it will be buried. They’re looting you blind.

Big pharma is looting you too. These half-baked PCR tests that a.) can’t differentiate between COVID and influenza, and b.) generate false positives at an astounding rate are being paid-for by those with health insurance, or by the government. Guess who’s paying for both? That’s right: You. Then there are the “vaccines” of questionable efficacy, never mind safety, and now they’re talking about the endless string of “boosters” that many critics predicted before the vaccines even became available.  Folks, we’re on the hook for all of it. In the end, we’ll be on the hook for all the injuries and deaths that will result, and those numbers are rapidly mounting. Since they’ve been financed with borrowed money(printed,) yes, these too are driving the inflation as well.

There are many lesser methods of looting that will be employed. The people now in power are basically an organized crime syndicate. They make the mafia look like amateurs. Naturally, in due course, the ordinary form of looting will begin anew, and it’s likely to be much bigger next time. This will be how they cover their “exit,” whatever form that will take. If they have their way, it will more likely be our permanent “exit.”

This is a dangerous time, and I can’t stress enough to you how you, my long-time readers, must take such measures as needed to prepare. I know that preparations have limits, but remember to take care of yourselves in order of urgency: Self-defense, water, food, medicines, shelter, clothing. It may be a long time before the looting ends, and through it all, you will get poorer and poorer, and your situation more desperate. Bond together with reliable neighbors, family, and close friends. Be good to one another. It may get very ugly, and it may stay that way for a long, long time.

 

Editor’s Note: For those unaware, you should see what’s going on in South Africa. The media has largely put a black-out on all of it:

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