October 5, 2022

Canada: A marked contrast between a brilliant leader and a bag of hockey pucks

Canada will have a stark choice in the next election, a brilliant leader and a bag of hockey pucks in black face, masquerading as someone who has a clue about anything.  I'll leave it to you to figure out which is which.

October 4, 2022

Democrats self-destruction on display

As long as people can see this stuff, Democrats should never win.  This is why they want control of the internet (and not entirely unrelated, the science). When they completely control what you are allowed to see, they can prevent these slip-ups from being seen and they can continue to lie to voters.


UPDATE: Apparently this video was made private because YouTube sucks. And it kinda proves the point about the video.

Google & The World Economic Forum

 "We own the science"?????? Geez.

October 3, 2022

Evidence of Red Wave?

 Is this evidence or an outlier poll? Nevada turning red is a big deal.

I'm always skeptical of polling without more information so I'm very cautiously optimistic given this news, but optimisitic nonetheless. 

October 2, 2022

The third foreign indicator of Republican midterm win already happened.

Remember when I mentioned how England and Italy both have moved towards populism?  It's part of a backlash against woke progressive social justice elitist crappy governance.  It's about time, in every single case.  Speaking of which, I forgot to mention that it also happened in Sweden back in September:

Sweden’s Sept. 11 elections shocked intellectuals throughout the West. The Sweden Democrats – a nationalist-populist party founded in 1988 with neo-Nazi allegiances but which turned away from fascism in the early 2000s and now explicitly rejects it – gave the country’s right a governing majority by earning the second-largest number of votes. The intellectuals’ shock, however, shows that they have not been paying attention. Had they been examining voters’ discontents in Europe, the United Kingdom, and the United States, and giving thought to the destabilizing consequences for liberal democracy in the West posed by elite imperiousness, overreach, and underperformance, they would have seen the right-wing reaction brewing.

The same thing is likely to happen in the United States. In 2016 the U.K. votes to exit the Eurpoean Union.  The Brexit vote would foreshadow the election of president Trump later that year. This year's midterms have seen three precursors to a Republican victory in the House and Senate.  Let's hope the tea leaves portend the same for America this time around.

Sunday verse

 


September 30, 2022

Let's Go Brandon lost in his own shuffle

 Tim Pool discusses a lost old man, whose name I will STILL not say. 

Ron DeSantis destroys reporter over Hurricane Ian response

 Media bias, shut down.

Liz Truss vs. Bank of England

 New British Prime Minister Liz Truss is doing a good job so far, unlike the Bank of England.


A truly conservative British Prime Minister and a populist Italian leader now too?  We live in interersting times.

Italian populist election winner gets lost on Twitter

Italy’s election winner, Giorgia Meloni appears to be shadow banned on Twitter.

Twitter appears to be suppressing the results of video searches for the name of Italy’s election winner, Giorgia Meloni, making it harder for users of the platform to discover her speeches.
This comes after a clip of a 2019 speech from the future Italian Prime Minister went viral across multiple platforms. In the 2019 speech, Meloni condemns globalist capital for waging war on the family, religion, gender identity, and national identity.
What's her crime? Telling the truth.

September 28, 2022

Hurricane Ian politics (3 of 3)

 Amy Klobuchar insists voting Democrat will stop hurricanes.

Hurricane Ian politics (2 of 3)

 Let's Go Brandon thinks vaccines are the answer to Hurricane Ian. Daft.

Hurricane Ian politics (1 of 3)

 Let's Go Brandon skipped over Florida Governor Ron DeSantis to talk to mayors of potential cities impacted by the impendng Hurricane Ian. Weird and petty.  But DeSantis was professional about it nonetheless:

Joe Manchin is surprised by this?

Either he's a liar or a fool.  Joe Manchin signed on to the horribly misnomered Inflation Reduction Act which was a horrific spending bill that has now been made law thanks to his cave in to the Democrat party.  But he's just now 'realizing' that not only will it not help inflation, but that the Democrats may be trying an end-around to pack more spending into Let's Go Brandon's first two years.

On Tuesday’s broadcast of CNN’s “New Day,” Sen. Joe Manchin (D-WV) reacted to Congressional Budget Office’s $400 billion cost projection for President Joe Biden’s student loan forgiveness plan by saying that it “seems to” wipe out whatever deficit reduction there was in the Inflation Reduction Act and that he “cannot answer when people call me” and wonder why they’re being “penalized” for paying their loans off.

Gee, great. It no longer matters Joe, you signed on to the bill. A bill that will increase inflation, not reduce it. It will increase spending, not reduce it. Great job Joe.

September 25, 2022

September 24, 2022

Schooled!

 Don Lemon got schooled, and deservedly so.

September 23, 2022

Canada's next prime minister

 Candian Conservative Party leader Pierre Poilievre:

September 22, 2022

Zeihan's take on Russia's latest move

Peter Zeihan's take on Putin's move to mobilize more Russians to fight his losing battle in Ukraine.

September 20, 2022

Get ready for worse

Higher interest rates mean more pain. Higher interest rates way faster means a lot more pain.  Higher interest rate inevatible and unfortunately necessary at this point due to past and current bad decisions. Thank you Democrats and Federal Reserve fools.

Democrats don't believe America is the greatest

A recent poll showed that only 37% of Democrats believe America is the greatest country in the world. Perhaps if they stopped their own legislative and social stupidity, America could still be the greatest country in the world.  Then they'd have an opportunity to disbelieve it 'legitimately' rather than deliberately making it so themselves and then complaining about it.

September 18, 2022

September 17, 2022

Zeihan on the latest China/Russia news

 Is Russia becoming a Chinese satellite due to their failed Ukraine invasion?

September 15, 2022

Red state revenge

 Martha's Vineyard edition:

This guy, Pennsylvania?

 This guy needs medical attention, not a senate office.

September 13, 2022

Inflation still sucks, badly

The Federal Reserve is trying to fight inflation by raising interest rates aggressively.  It's helped, but it's clear they are going to have to do a whole lot more.

Trading Economics:

The annual inflation rate in the US eased for a second straight month to 8.3% in August of 2022, the lowest in 4 months, from 8.5% in July but above market forecasts of 8.1%. The energy index increased 23.8%, below 32.9% in July. Smaller increases were reported for gasoline costs (25.6% vs 44%) and fuel oil (68.8% vs 75.6%) while inflation sped up for natural gas (33% vs 30.5%) and electricity (15.8%, the highest since August 1981). On the other hand, inflation rose for food (11.4%, the most since 1979), shelter (6.2%, the most since 1984), and used cars and trucks (7.8%). Compared to the previous month, consumer prices were up 0.1%, following a flat reading in July and compared to forecasts of a 0.1% drop. Meanwhile, core CPI, which excludes volatile energy and food prices, increased 6.3% on a year, the most since March, and up markedly from 5.9% hit in both June and July.

Inflation is nowhere near done. And it's worse than these numbers show.   There's a wheat shortage going to hit this fall, there are supply chain issues, there are fuel issues despite Let's Go Brandon running around the world begging for oil after shutting it down in the U.S. wherever he could, and most importantly, there are serious money supply issues.

Specifically to the latter point, the Fed has flooded the world with American dollars (as have other central banks around the world with their own currencies), there is simply too much money in circulation which decreased the value of each individual dollar.  That's inflation and monetary policy is still the biggest culprit.

The Fed has no choice but to hike interest rates substantially and it is going to hurt a lot of people, HARD. Anyone owing money will end up paying substantially more in interest payments.  This is in addition to quantitative tightening, which is seemingly is not doing as aggressively.  

This supposedly 'transitory' inflation has a long shelf life still. And that means rate hikes, and that's why the Dow Jones is taking a beating today. People know that, and know it will hurt businesses.

September 11, 2022

Meanwhile in Canada

The Conservative Party of Canada has elected it's new leader, Pierre Poilievre, whom I would describe to Americans as the Ron DeSantis of Canada - not from a resume perspective but from a platform and style perspective.  He will look to unseat Justin Trudeau in Canada's next election.  The Conservative Party of Canada is in good hands.

Via CTV news:

Pierre Poilievre is the new leader of the Conservative Party of Canada, securing victory on the first ballot after a record-setting and divisive leadership campaign. After a seven-month campaign, the long-time MP and former cabinet minister from Ontario won the election decisively, securing 22,993 of the just under 33,800 electoral points up for grabs. Poilievre secured support across the country, coming in as members' first choice in almost every riding.
“Tonight begins the journey to replace an old government that costs you more and delivers you less, with a new government that puts you first, your paycheck, your retirement, your home, your country,” Poilievre said in his first speech as leader on Saturday evening from the Ottawa convention centre floor where the leadership announcement was held on Saturday night.
Receiving 68.15 per cent of the vote, Poilievre far outpaced his progressive Conservative rival and runner up Jean Charest's 16.07 per cent of the vote.
Social conservative and MP Leslyn Lewis placed third, with 9.69 per cent of the vote.

Full disclosure, I joined the Conservative Party of Canada and voted in the leadership race, for  Poilievre.

Let's hope this doesn't pan out

We don't really need to hope, we know this won't pan out.  That is, unless the FBI tries to fabricate some sort of evidence. Otherwise, the FBI raids on multiple Trump allies is just more grasping at straws.

Let's hope this pans out

 Could non-RINO Republicans take back Arizona?  Yes.

Never forget

 


Sunday verse

 


September 10, 2022

Woke backfire firing

When being woke blows up in your face:

September 8, 2022

Queen Elizabeth has died

 England's longest reigning Monarch, Elizabeth II, has died.

September 5, 2022

Justice for Trump?

 Via Gateway Pundit:

...US District Judge Aileen Cannon from the southern district of Florida on Saturday announced the “preliminary intent to appoint a special master” to review all of the records seized by the FBI during its unprecedented raid on President Trump’s home at Mar-a-Lago.
Judge Cannon said the FBI raid on Mar-a-lago “involved political calculations” to diminish the leading voice of the Republican Party just months before the midterm election.

Spot. On. 

September 4, 2022

September 2, 2022

Let's Go Brandon's worst moment?

Let's Go Brandon made an undefendable political hack speech in front of marines where he calls his MAGA political opponents extremists who threaten the nation.  It was vulgar, vile and villanous. It's beyond stupid in it's incorrectness. It deserves ridicule as does its deliverer. 


Reaction video you'll love

 David Rubin finds out Brian Stelter was fired from CNN while he was off grid for the month.

August 31, 2022

You may have missed this

Mikhail Gorbachev, last leader of the Soviet Union who has been unfairly lauded by many in the West for tearing down the Iron Curtain, has died at 91.  What the forget was that thanks to Ronald Reagan,  he was forced to do so.  Under Reagan, the United States had been reinvigorated, and the Soviet system was decaying. Gorbachev had no choice but to do what he did. What he did was not by choice but by lack of choice.  Instead of lauding him like this BBC fawning (with the possible exception of Steve Rosenberg), I'll just give him credit for not reacting like a caged tiger in the circumstances he found himself in. He did the right thing, when it was his only real option.

Truth will out

 If you focus only on racism rather than truth, it's all you will ever see.

"Open war is upon you whether you would risk it or not"

Yep. They are not hiding their intentions, you just might not be seeing it. Thankfully there's Project Veritas for that.

Trump bashing is D.C.'s business

 Via Tim Pool, it's EVERYONE after him.

August 30, 2022

Elon Musk Subpoenas Twitter Whistleblower

 This is still an in progress story but the latest development is highly relevant:

FBI partisanship

The laptop story of Let's Go Brandon's son could have swung the election to president Trump.  But it turns out the partisan FBI did not want that.


Let's Go bailout?

I've got a lot going on right now, most of it of the headache variety, so I hope you'll excuse the brevity of the posts today.  There are a few things worth discussing that I don't have the bandwidth to discuss, so I'm just going to share some videos on the various topics.

First up, the attempt to buy votes with a ridiculous and likely not legal student loan bailout. 

August 28, 2022

August 27, 2022

Friday wasn't funny - the market crashed

 The Fed made sure yesterday was not a funny Friday. It wasn't fun, in fact it was a borderline panic.


Jerome "too little, too late" Powell crashed the DJIA and the S&P by becoming agressive.  If they had started doing this 2 years ago, like many of us suggested, it might have been less of a disruptive shock.  As it is, it's a relaity check for an irrationally exuberant market.

August 26, 2022

Funny Friday

 Some levity for today.

August 25, 2022

Recession revision, but still...

 Second quarter GDP - still down.  Recession is still a reality.

August 24, 2022

Twitter whistleblower and the Elon Musk not-deal

 Fox Business discusses the Twitter whistleblower and it's impact on the Elon Musk situation:

August 23, 2022

FBI = Fully Bought In (and corrupted)

When the FBI and Justice Department have become weaponized and politicized, democracy is gone.  How much more of this do they think they can do and not face a public backlash?

August 21, 2022

August 18, 2022

Brian Stelter fired from CNN

I know, shadenfreude is not a good thing, but seeing Brian Selter fired from CNN is somehow gratifying because of how terrible a job he does.  I'm being laid off at the end of the month as jobs are offshored to Mexico, and I've always had good performance reviews. So I'm not going to be sad for a delusional George Kastanza lookalike with no sense of reality who is a propaganda mouthpiece for the far left. 

August 17, 2022

Never forget

This bill is the catastrophically wrong idea at the wrong time.  Remember who agreed to it and made theis fiscally irresponsible monstrosity possible - Joe Manchin. Inflation is bad, it's not over and now they want to spend more money they don't have. It's gonna get worse, way worse. Thanks Joe Manchin.

Liz Cheney loses big time

I'm too busy to post but this is too good not to share. Not only did Liz Cheney lose, she got crushed. MSNBC shares the news:

August 15, 2022

Democrats don't understand inflation.

They just don't get it.  They don't understand inflation. They also don't understand economics, or even marketing their own terrible ideas.

August 14, 2022

August 12, 2022

I'll never miss an opportunity to bash Justin Trudeau

 So when Russell Brand comes down on him, it has to be shared...

August 11, 2022

0% inflation. The worst lie ever.

 Zero? No inflation? 


The media is in large part playing along with this untruth.  It's horrible to watch.   Never mind that the 8.5% is probably understated to begin with, this is sickeningly worse than manipulating the data, it's lying to your face. Openly.  It's disrespectful, it's hateful and it's arrogant and morally repugnant.  But people are noticing.

August 10, 2022

Did the FBI plant evidence at Mar a Lago?

President Trump is suggesting it happened.  There's so much suspicious with this situation it seems entirely plausible.

August 9, 2022

OMG, really?

The judge who 'approved' the FBI raid on Trump's Mar a Lago home has been linked to Jeffery Epstein. Damn.

The FBI raid on president Trump, explained.

 The bogus FBI raid, explained.

The big takeaway from the FBI raid on Mar-a-Lago

The big takeaway from the FBI raid on Mar-a-Lago yesterday? The January 6th commission (aka witch hunt), has got absolutely nothing on president Trump. Otherwise why would the FBI be bothering to raid and try to manufacture evidence? The FBI has become irredeemably corrupt by participating in the witch hunt perpetrated by the Democratic party.

How did the president respond?  With this epic and brilliant video.

The Left may put our best memers out of business

Memology 101 and Meme The Left are going to end up out of business if the Left is this good at meme-ing themselves. This is too funny.

August 8, 2022

The Ukraine-Russia grain deal in context

There's likely a coming grain shortage and bread price spikes.  In that context, here's Peter Zeihan's take on the grain deal between Russia and the Ukraine that could possibly help the situation. Maybe?

Pelosi visited Taiwan and... nothing

Nancy Pelosi visited Taiwan and accomplished nothing.  While it's good to see China's CCP lose face, it doesn't accomplish anything beyond that.  The video below posits a more meaningful outcome.  I'd like to believe it but it doesn't seem likely to be right.

August 7, 2022

China steps closer to the abyss

I keep harping on China. America has A LOT of problems right now, make no mistake. But China is in even worse shape, they just hide it better because they can (and that's not a good thing for China, or anyone else).  You don't see much about China's struggles in the news for a few reasons, chief among them China is not the U.S., U.K. or a part of Western Europe.  That doesn't mean what happens in China will remain contained in China.

We have woven a world of entangled interdependence. While in some economic ways that's arguably a good thing, it also creates dependencies and the likelihood of a cascading ripple effect everywhere else. Too much of our manufacturing has been outsourced to cheaper labor that also happens to entail lower quality goods. President Trump raised the alarm about China and tried to start the process of onshoring production (and jobs).  The elites would have none of it and it never got far enough, so the dependencies remain largely. If China collapses (which I am not saying is likely, just feasible), America and the rest of the West, are in deep trouble thanks to our neglect on dealing with the dependency (much like with Middle Eastern oil).  

You think supply chain issues are a problem now? You think they are the major cause of inflation?  They aren't by the way, money printing is the issue).  Just wait until Chinese manufacturing plummets and the prices are not the issue but the empty shelves at WalMart.  

All of this and no mention yet of how the CCP (Chinese Communist Party) will not go quietly.  Just like the elites in the West, they will do whatever it takes including selling out their own people to hold onto power and wealth. We'll call it an atrocity when that happens, and it will be.  But it's no different than what is being done here in the West with one major exception; we are being deceived into believing it isn't happening to us.  Because it is being done without tanks and instead our wealth is eroding towards the already uber-rich without us knowing anything other than it keeps getting harder to stay afloat.  

Sunday verse

 


Comedy vs. cancel culture

Comedy seems to still be the battleground for fighting back against woke cancel culture. Keep in mind, if political correctness defeats comedy then it's not just that comedy becomes unfunny, it's a signpost that freedom of speech is truly gone.


Comedy is just one highly visible aspect of the war on liberty. But because it's visible, that means we have a means to fend of cancel culture.

Maybe it's the case that some elite group wants to comportmentalize us into such small groups who are destined to fight each other with legal means, with cancel culture and whatever else we can, just so we whittle away our own freedom to the point that we are powerless to stop anything. Maybe. It doesn't really matter. The reason it's happening doesn't matter at this point. What matters is that we do fight off cancel culture because not only will it eat the right and the left, it will eat everything, ending off with liberty.

August 6, 2022

Where does the green energy money come?

Earlier I posted Peter Zeihan's take on the prospects of a transition to clean energy electricity in various places.   Here's Ray Dalio on how it gets paid (spoiler, it's not good news):

The transitional electricity situation

Here's Peter Zeihan's take on the current electrical power situation in a few places.


I disagree slightly with his conclusions in only one respect but it's an important one.  The green energy proponents will not concede their failures.  Just as Let's Go Brandon won't admit the United States is in a recession because it runs counter to their chosen narrative, so too environmentalists in Germany (or elsewhere) will not concede any failures.  They can't.  And true believers will not buy any admission anyway.

Now if they don't admit there's a problem, there will be no change in policy where Green types hold power.  There will be no shift towards a realistic energy policy in those places.  Smarter policies?  Not likely.

Are minorities really abandoning the left?

 Maybe. It deserves a deeper look before the midterms, but for now, this could be very telling:


The one interesting part in the polling that wasn't discussed, is that while Democrat support has fallen among Hispanic voters, the GOP support from 2020 to tday has remained flat. This looks more like disengagement that a shift.  That might not be true given it's an aggregate of polls and who knows which ones and what bias might be embedded in that. As I mentioned, more analysis needs to be done.

August 5, 2022

DeSantis vs. Soros backed attorney

 Everyone should be going after these implanted political operatives.

Joe Rogan on weasels gaslighting us

 Joe Rogan on non-recession gaslighting:

August 4, 2022

Ron DeSantis refused to go on The View

 A brilliant decline tpo appear with a bunch of crazy idealogue leftists.

We're not there yet

But it's getting close to Republican's being able to hold a Constitutional convention of states. If they do so, it will be interesting to see what they can get done.

July 31, 2022

Scary Real Estate Thoughts

Will you have to rent your own home to live in it someday? It's a scary though that real estate can be manipulated but it can be.

"We're in a recession"

Jim Rickards, lawyer, economist and investment banker, says we're ina recession and it's going to get worse. I agree. When you top it off with inflation, we are entering a Jimmy Carter-esque level of malaise.  No amount of denial and distraction will get the Democrats out of this hole.

When your principles are fake

 "Build the wall" is now humanitarian?  They have no principles, but also no brains. Ameme is the only way to deal with this insanity.

Sunday verse

 


July 30, 2022

Manchin must be replaced.

West Virginia, what are you doing with this guy? Stop re-electing him.  He's a Democrat, he doesn't have the interest of the people in mind. Stop supporting him!

Pelosi = Corruption.

I know I'm late to the party on Nancy Pelosi's insider trading scandal, but that doesn't mean I'm not going to echo the incredulity at her bald faced corruption. Russell Brand explains.

Is China on the brink?

 If China is on the brink, could another Tiananmen Square be in the cards for China?

It's. A. Recession.

 Janet Yellen may be the worst anything-to-do-with-economics person EVER.  It's a recession.

July 27, 2022

China's propaganda about China

 Investigative reporter, Johnny Harris exposes Chinese propaganda about how big it is.

Trudeau hates farmers too, not just truckers

 Meanwhile in Canada, more neafarious Trudeau tripe, this time copying the Netherlands:

Let me get this straight...

The 40 year high in inflation, not being problematic enough, we have very likely also fallen into a recession (we'll know tomorrow). Except they say it's not a recession, trying to alter the definition to fit their narrative. And the Federal Reserve, behind the curve on addressing inflation, was reasonably expected to play catch up and potentially raise interest rates by a full 1% this week.  Except Jerome Powell, Federal Reserve Chair, clearly spooked by the existence of recession, backed up a bit and raised interest rates by 75 basis points (bps) instead of the needed 100 bps (1%).  But that can't be, because there "really isn't a recession".

So that means they don't think inflation is all that bad? Right?

Or more clearly, they are all just lying to you.

July 25, 2022

Lining their pockets

 Corruption at the highest levels.

Real Estate turbulence ahead

And speaking of America being in a perilous financial predicament, is this more evidence of that? This certainly isn't something that happens during normal times.

Big trouble in big China?

We know the United States has put itself in a precarious financial predicament, but is China in financial and/or political trouble? Could be.

July 24, 2022

July 23, 2022

Sri Lanka bankruptcy - the canary in the coal mine?

Sri Lanka has recently petitioned for bankruptcy. There are a few reasons it's come to this, but Business Insider provides a good explanation:


If you are waiting for the Biblical apocalypse, we now have pestilence/plague, war and famine all visible - that's three of the four horsemen of the apocaplypse. Could it get that bad?  Or worse?   Maybe, maybe not.  But the thing is, Sri Lanka is not alone, they are simply the first nation to hit the wall. They are the canary in the coal mine, and others may soon follow:


No pun intended, the Sri Lankan crisis is food for thought.

Amy Schumer, worst comedian ever?

I don't find Amy Schumer funny.  I think her politics and personality stink.  However I don't think she's comedically terrible, just not funny.  Maybe if she stuck to honing her comedy and set aside the political elite mentality, maybe she'd become funny. Others however hold her in even lower esteem and SunnyV2 even bothers to explain why:

July 22, 2022

It's okay to attack conservatives?

 No.  No it isn't. Lee Zeldin was in mortal danger, but the attacker is already free???

July 21, 2022

Let's Go Brandon cancer

 I wish I had more time to address this:


I think he meant to say he is a cancer, but whatever.  It doesn't matter anyway because he's going to cure it, he promised.

July 19, 2022

More inflation to come

We are on the verge of a recession that may or may not happen - we could already be in one, but we won't know for about a week. Whether we are or aren't there's still a major problem, inflation (which generally isn't supposed to be concurrent with a recession) isn't over by a long shot, as Peter Zeihan explains:


Every point he makes is spot on.  There's more to the monetary policy side of the story he only touches on, but regardless, his observations and conclusions are completely correct.

July 18, 2022

Let's Go Brandon's economy sucks

This is what happens when your economy sucks: you lose. Let's Go Brandon looks like he's going to get his party splatted like a bug in the midterm elections.  I can't see him being back running for the job in 2024, even if he wants to do so.

Meanwhile in Canada, something is amiss

Rumour has that Canadian Prime Minister Justin Trudeau is looking to call a fall election shortly after forming a coalition with the socialist NDP party. That would be great news, especially if it jibes with recent polling:


If the polling is true, a fall election makes no sense unless Trudeau is finally tired of being a dictatorial scumbag. If the fall election is true, the polling must not be right.

July 17, 2022

Evironmentalist Puppets

Ever wonder why you are protesting climate change, when climate change is the natural order of the world? Who put you up to it? Unwittingly, you are profiting others.

Sunday verse

 


July 15, 2022

Manchin vs. Schumer and Let's Go Brandon

Spend, spend, SPEND!!!! So say Democrats, excluding senator Joe Manchin.

July 14, 2022

Are you ready for more pain?

 The June 2022 Consumer Price Index surged again ("unexpectedly") to 9.1%. To many Keynesian economists and their Democratic party ilk, this was unexpected.  To those of us who understand loose monetary policy and loose fiscal policy, and even those who have common sense, this was no surprise.  A four decade high inflation rate: no surprise. The more leading indicator, of inflation, the Producer Price Index, rose even higher. According to teh BLS (Bureau of Labor Statistics);

The Producer Price Index for final demand increased 1.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in May and 0.4 percent in April. (See table A.) On an unadjusted basis, final demand prices moved up 11.3 percent for the 12 months ended in June, the largest increase since a record 11.6-percent jump in March 2022.
...Over half of the June increase in the index for final demand goods is attributable to gasoline prices, which jumped 18.5 percent. The indexes for diesel fuel, electric power, residential natural gas, motor vehicles and equipment, and processed young chickens also moved higher.

This is the result of an entirely preventable series of events.  Loose monetary policy since 2008 has created a massive bubble. This was compounded heavily by Democrat spending and also seriously exacerbated by Let's Go Brandon's effort to demonize and hamstring American oil and gas production.

What's worse, is if you look at the way inflation was calculated back in the 1980's, this is way, way worse than what's being reported as the worst since 1981.  This is the worst since 1947 (when it peaked at 19.7%) and soon potentially since 1920 (when it hit 23.7%).

This is not over.  Inflation will continue to rise, despite an expected 'aggressive' response from the Fed, raising interest rates by 100 bps. The Fed is responding slowly (too little) and too late. The Fed's interest rate hikes will have an effect but they will take time.  The previous rate hikes did nothing to stop the upward March of the inflation. That's because, just like the decisions that caused this, the reaction wiill take time to work it's way through the system.  On the plus side that means rising unemployement could take time to kick in. But be ready for more pain; shortages and on-going price hikes are going to continue for a while.

It's all about whose side you are on, for Whoopi

 Whoopi Goldberg, hypocrite on racism. Because it's a Democrat, Whoopi is okay with racism.


By the way, why did Jill Biden also butcher the word bodega?

July 11, 2022

Levin on January 6th committee hearings

 Mark Levin dissects the true purpose of the January 6th committee hearings.


He makes a point about the Constitutional convention.  I think every state in the Union would probably be happier if they could make their own laws unimpeded by federal oversight, even liberal states like California. Leave the Federal government to truly federal issues like national defense and other Constitutional provisions granted to the federal government. 

Years ago I suggested on this very blog a divorce at an individual level; each individual could opt into either a Democratic or Republican template on welfare, education etc. and be governed by those particular rules (with the exception of the aforementioned federal provisions like national defense which cannot be done at an individual level).  Theoretically nice, it would be pretty much impossible to institute.  But if it were scaled back to a state level, individual mobility within America might solve for the ability to live under the set of beliefs most closely aligned with your own. The overturning of Roe  v. Wade is a prime example of that; those states wishing to allow abortion have not been prevented from doing so, despite the fevered histrionics of the left.

Meanwhile in the Netherlands - a farmer revolt

A farmers' version of the Freedom Convoy in the Netherlands, this in response to crazy climate change policy changes demanded by governments. Different issue, different country, same autocratic governmental actions.

Jordan Peterson discusses communism

Jordan Peterson discusses communism.

Jordan Peterson on the Russian-Ukranian war

 Jordan Peterson's lengthy take on the Russian invasion of Ukraine and what it means for the West.

July 10, 2022

July 9, 2022

Lessons from Canada's internet outage


Yesterday's massive internet outage across the country was for me, as well the rest of Canada, a great example of economic realities.  Unfortunately some people did not comprehend the lesson.  

Background 

Canada has localized internet and wireless monopolies in different areas.  This is not 100% true, but for all intents and purposes it is correct.  Several smaller carriers exist but do not have a large footprint anywhere. The largest carriers provide both wireless phone service and internet (as well as telvision and some other products like home security for example). Not only do these ISPs/carriers have monopolies in product sales but, and this seems like it is unique to Canada, but they also are the same companies that provide the hardware for these services (they own the cell towers, the cable and fiber optic lines).  There are smaller players, like my internet provider (ISP) who lease access to these lines and then compete with these larger carriers to attract cellular, TV and internet customers.

One of the large three providers, Rogers had a nationwide failure in it's internet and cellular coverage.  Some of the large banks and transaction processors as well as parts of the Canadian government were completely dependent on this ISP so the impact went beyond just their customers.  As well, ISPs such as mine, which lease the lines from Rogers, were impacted.

To further exacerbate the situation, carriers encourage bundling of products by providing discounts, so many people who use Rogers for internet could not switch to their phones and use data instead. 

The problem started yesterday at 2 a.m. in some areas and spread across the country. For most people the problem persisted until last night between 7 p.m. and 11 p.m.  This impacted everything from people with medical conditions not being able to fill prescriptions to people being stuck unable to take taxis to free wifi cafes with working wifi being overrun with customers to some businesses losing thousands of dollars in business.

The Lesson

There are a lot of lessons to be learned from this, for example don't bundle your products as you are more vulnerable to outages, or that Canada is way too susceptible to a hacking incident if this sort of thing if an astute hacker wanted to take advantage of it.

But the real lesson was pointed out by those who did not learn from it.  On message boards I was able to access (I'm not bundled so I could use my phone plan data), many people were calling for government ownership of telecom and internet. So wrong.

The people decrying an over-reliance and a few oligpolistic competitors provide as a solution a single provider. Not only does that make the nation more vulnerable, it puts the operation in the hands of the most inefficient monopoly out there - the government.  It reduces price competition (Canada has the highest prices in the industrialized world for internet and wireless) to zero, it reduces the available product and service selection, it decreases the need for provider responsiveness and locks the country into a solution that undoubtedly would be worse but even if there's only a chance of that, why do it?

The way to solve this problem is to open up the country to more competition; allow American carriers and new Canadian start-ups to compete in the currently monopolized regions. Split the ownership of hardware from the ability to sell the products and services, making them two separate industries.  Poor Government oversight allowed this all to happen, why would anyone think that handing everything over to them would improve anything?  My own experience of not relying too heavily on a single provider yesterday allowed me to escape complete connectivity failure.  The same holds true for Rogers; despite being offline, thet were able to tweet out infrequent and uninformative updates, no doubt using the still working Bell network to do so.  In summary, oligopolies -bad, monoplies - worse and government monopolies - horrifically bad.

Let's Go Brandon, repeat the line

 Just, ugh. 81 million people voted for this chump?  Really?  Repeat the line. REALLY???

Looks like I came back to Twitter for a false start

Assuming the Elon Musk Twitter deal really is dead, why did I come back to it?  I have no answer. Once the deal is officially dead, I'll be gone again, for now, I'll hold out just in case this is a bargaining ploy by Elon Musk.

Shinzo Abe assasinated, U.S. response worse than tepid

Shinzo Abe was from what I can tell, a very good leader in Japan.  Let's Go Brandon unfortunately, doesn't get that or anything about Asia it seems.

July 5, 2022

Musk vs. Soros?

 Is this the undercard, or the main event?

Bezos vs. Let's Go Brandon

Let's Go Brandon and seemingly everyone around him on his team, do not get basic economics.  Even leftist supporting Jeff Bezos is turning on him. I've said in the past the Left will eat itself. This is another example of that.

July 4, 2022

Happy Independence Day

 Happy 4th of July to all Americans.



July 3, 2022

July 1, 2022

Friday fun

 Woke leftist doctors. I have not run into this myself yet.

June 30, 2022

Canada: Freedom Convoy part 2 expected to receive a harsher response

 Tomorrow is Canada Day.  It's not a regular day for celebration as it should be.  One city has decided to rename the holiday to something more politically correct.  We have a prime minister who is as slimy as they come.  In the spirit of the Freedom Convoy, Canada Day protests are expected on the national holiday. 

What is also expected, is a harsher response from city officials in the country's capital of Ottawa.

Is Let's Go Brandon locked in?

That headline could mean a lot of different things.  Is he locked in a basement to avoid gaffes, like he was during his presidential run?  Is he locked in as the candidate for 2024?  But what I am referring to is whether or not he is locked in to policies positions that clearly are ineffective.  His managing of the situation with inflation and gas prices have been some of the worst in history, not ineffectual but effectively worse than doing nothing.  At this point nothing would be welcome.  But he keeps doubling down on things that seem designed to appease the radical left.  Either he firmly his policy ideas like raising taxes will help inflation (in itself that would be a form of being locked in), or else he is trapped into continuing with an extreme leftist agenda.

I think at this point it could be the latter circumstance.  When you look at how bad his favorable/ unfavorable ratings are, he has alienated the center and a surprising percentage of many traditional Democratic constituencies to the point that there is no recovery short of a genuine miracle. So Let's Go Brandon has two choices: 

(1) move towards the center to win back a lot of that lost support.  It would mean reversing course on a lot of things and there's no guarantee at this point it would have enough effect to stop a midterm lambasting for the Democrats from voters.  

or

(2) Continuing to double down on his chosen path in hopes of driving massive turnout from the radical left in order to try to minimize the damage to the party that is coming in November.

Here's why the latter course is more likely.  As mentioned a course change would potentially not do very much to gain support as it really would be too little, too late.  But not only that, it would have the reverse effect of option 2 above; it would alienate the radical left base that still supports him. He has no choice but to continue.  In addition, he probably is a true believer in Keynesian economics, manmade global warming, radical feminism etc.  Why would he go against anything he's moved further towards for the last twenty or more years?

The real locked in question for Let's Go Brandon, is whether the Democrats are going to remain locked into him.  After November 8th, the answer will likely tilt a lot further towards 'no'.

 

 

January 6th committee doesn't even reach the level of irrelevant

The anti-Trump crowd is willing to believe every fabrication no matter how far fetched. Here's Greg Gutfeld's take on how irrelevant it was.

June 29, 2022

Worst. Explanation. Ever.

 Nancy Pelosi never fails to disappoint when you are looking for a good laugh...

Artificial Intelligence awakens or woke computer programming?

I came across this story a while ago about the Google engineer who claims that an artificial intelligence (A.I.) bot has developed consciousness.  Duly skeptical I disregarded the story as sensationalism and/or maybe someone wanting their 15 minutes of fame.  It didn't really belong on this blog as it's a bit far afield from politics.  But I've posted on similar topics before because in some sense everything touches on politics, even a little.  There are previous examples here, here and here, among others.  So I thought I'd take a closer look at the story.  

Is this a matter of actual artificial intelligence achieving a state of consciousness and self awareness (or rather artificial consciousness), or is it more about wokeness and the next step for the radical left - computers' rights?  Or maybe just a misinterpretation of the results of the testing? Either way it's worth considering not only from a political perspective but also morality, ethics and technological perspectives. Take a look at this interview.


Interestingly the engineer himself ends up saying it's not really about consciousness but rather Google's dismissiveness of the discussion. His take seems a bit anti-corporate but if I worked for Google I would probably have the same problem.

June 28, 2022

OOPSIE!

 Let's Go Brandon Hunter...


The real question is how did this not get covered up?  You think maybe the establishment has had it with Let's Go Brandon?

Inflation keeps coming

I keep talking about inflation, but only because it matters and it is slated to keep getting worse.  You want evidence?  You should want evidence.  Well here's some.  The most common measure of inflation is the Consumer Price Index (CPI).  The Bureau of Labor Statistics (BLS) which produces the CPI also produces the Producer Price Index (PPI) - the rate of inflation for producers rather than consumers.  It's the supply side of inflation.  

When the price for producers increases, what does that mean for consumers?  The PPI is a leading indicator with respect to the trailing CPI.  Eventually the producer inflation rate will work it's way through the supply chain to reach consumers.  If it costs them more to make, they will pass on the cost to the prices they charge. See here, and here for examples. That means that downstream from the PPI is the CPI.  

What do we see in the latest PPI?  Directly from the BLS:

Producer prices for goods rose 16.3 percent, while prices for services rose 8.1 percent.

Producer prices for foods rose 16.3 percent over the year ending April 2022, while prices for energy rose 40.0 percent. Prices for goods less foods and energy rose 10.1 percent.

Producer prices for trade services rose 15.4 percent over the year ending April 2022, while prices for transportation and warehousing services rose 22.6 percent. Prices for services less trade, transportation, and warehousing rose 3.2 percent.

For comparison, the latest CPI rate

From May 2021 to May 2022, the Consumer Price Index for All Urban Consumers increased 8.6 percent, the largest 12-month increase since the period ending December 1981.

If you drill down on the trends in the CPI, the leading cost increase was energy and it is continuing to rise unabated.  That impact has yet to work it's way through the PPI; producers are still consuming increasing energy costs which will have an impact on their future production costs, and therefore future CPI readings. It means food and other goods will continue to see an increase in prices for consumers. It's not over yet.


The way to mitigate this would have been to allow the Keystone pipeline to finish being built, increase the number of domestic refineries, continue with the expansion of domestic oil production to expand the production from the records created under president Trump.  Not only was that not done, previous progress was actually undone.  Expect  as a result, that energy prices will continue to rise for the foreseeable future.  Let's Go Brandon.  

As the PPI continues to rise, the CPI will continue to follow.

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