Debate Analysis!!!!!!


Now, I know I’m the harshest critic of the people I expect more from.   It’s just the way I roll.  But, in this debate, there were too many opportunities left on the field.  It wasn’t a horrible crushing, but, Trump lost. 

There was a good contrast between the candidates.  But, Hillary managed to grab the middle.

Let me elucidate.   Trump would have won  with people who are informed.  But, if they were informed, they would most likely be voting Trump to begin with. 

Trump did manage to allude to the Veritas videos, and the Wikileaks emails.  Perhaps that is enough.  I seriously doubt that it is.  We’ll see.  I just don’t believe the American public will take the time to search for the vids and emails.  I pray I’m wrong.

Posted in News and politics | 26 Comments

Final Debate Night!!!!! Stakes Are The Highest ……. EVER!!!!

Well, I don’t have much to say about this.  Everyone who is paying attention knows what is at stake here.  There’s no point in me being redundant.  This is the last chance Trump has to make his case before the American people. 

Trump needs to stay on topic.  He badly needs to not step into the traps Hillary will lay for him.  For example, in the last debate, Hillary mentioned a lawsuit the Feds brought against Trump properties, along with thousands of other properties, in the 1970s!!!!!!  Trump spent a horrible amount of time defending himself against this charge which no one cared about.  He allowed Hillary to sidetrack him.  He needs to dismiss this stuff and put out his message.  His message is a winning message.  He needs to stay on message and stay on attack.  Towards more specific messages and counter-punches.  If he lets a mention of Russia go, again, I’ll scream.  No, really!!!  I’ll literally scream.  By now, the very mention of Russia should immediately call to mind Podesta, Bill Clinton’s speech fees, the Clinton Foundation, and Hillary’s approval of the uranium deal.  It’s maddening that it doesn’t.  These should be something that automatically rolls off of Trump’s tongue. 

Hopefully, also, Trump has studied the Veritas videos. 

Now, I believe this vid was before the Veritas videos, but, it’s worth watching Newt kill it in this interview.

Lat, click the “CC” button for the captions. 

Posted in News and politics | 15 Comments

Video Of The Day!!!!! Rigging The Election!!!!

Explicit language!!!!


Well, okay.  It isn’t like we didn’t know the leftards employ professional agitators.  We all know this.  And, we all know Dims don’t play by the rules, even the rules that they, themselves have imposed on the rest of us.  But, here, we have some Dim operatives bragging about it.

The ranking Democrats and their henchmen are subverting our democracy.  Let them win this one, and it will be a very long time before we’ll see anything other than a Dim in the Oval Office. 

Again, for the hearing impaired, this is captioned. 

There’s much more to say and write about.  But, all I have, right now, is to tell people that time is short.  The clock is ticking, and we’re behind. 

Posted in News and politics | 38 Comments

NFL Game Day Predictions! Week 6

Well, I went a respectable 8-4 last week.  Let’s see if I can’t improve upon that.

(1-4-0) 49ers

(3-2-0) Bills  It was pointed out to me that Kaperkneel, kneels at the colors of red, white, and blue.  Should be a rough 2016 debut for the kneeling turd.


(3-1-0) Eagles  The Eagles are flying high with their rookie phenom QB.  I think they’ll get this tough division rival.

(3-2-0) Redskins


(0-5-0) Browns

(2-3-0) Titans  Sigh, the Browns seem that they’ll forever be basement dwellers in the NFL. 


(3-2-0) Ravens  Ravens have a new offensive coordinator.  They’ll be looking to stretch the field against a weak Giant defensive backfield.

(2-3-0) Giants


(1-4-0) Panthers  What happened to the Panthers?  I think they can get back to being a good team if they just work a few bugs out.  However, if they lose today, we’ll know they have huge problems. 

(1-3-0) Saints


(1-3-0) Jaguars  I’m going out on a limb, here.  But, I think this game is where the Jags get it together. 

(1-4-0) Bears


(3-2-0) Rams  I think the Rams D will carry the day, today.  Also, watch for Gurley to have a good game.

(2-3-0) Lions


(4-1-0) Steelers  This doesn’t even seem fair.

(1-4-0) Dolphins


(2-3-0) Bengals

(4-1-0) Patriots  The Bengals need to regroup.  That won’t happen today. 


(2-2-0) Chiefs

(4-1-0) Raiders  Oh, my.  I don’t remember the last time I picked the Raiders over the Chiefs.  And, I’m still iffy on this.  The Chiefs are a pretty good team. 


(4-1-0) Falcons

(3-1-0) Seahawks  Well, both teams are doing well.  But, they’re playing at Seattle.  I think the Hawks get this one.


(4-1-0) Cowboys  Game of the day!!!!  And, another great test for the Cowboy rookies.  The Pack have a very good run defense, so, Elliot will probably be asked to stretch the field a bit more than he has.  This is the game to watch!

(3-1-0) Packers


(2-3-0) Colts

(3-2-0) Texans  The Colts simply doesn’t have the defense to compete at a consistent level to be a winning team in the NFL. 


(1-4-0) Jets

(2-3-0) Cardinals  Well, the Cards need this game to get back on track.  And, they’ll get it.  They did it on the ground last week, watch the air game this week.


 (4-2-0) Broncos 13

 (2-4-0) Chargers 21  The Chargers saved the coach’s job this Thursday with a surprise win over the Broncs. 


Those are my picks.  What do you think?

Posted in Sports | 9 Comments

Video Of The Day!!!!!!!

For the hearing impaired, no worries, it’s captioned.

Indeed, Mr. Lavrov, indeed!

Speaking of, well, the topic.  Here’s a never Trump site bemoaning the, well, p###ies in the Repub party, who was supporting Trump, withdrew their support, called for him to step down and whatnot, and, now, are back to backing Trump.

I find this odd.  There are people who truly believe Trump is going to destroy the Repub party.  I don’t disagree that the Repub party is on the verge of collapse.  But, anyone with any sense would know Trump is a symptom, not a cause. 

Why is the party on the verge of a collapse?  Because dimwitted people who will automatically support the mentioned weasels.  Well, read this …..

Weak GOP Leaders Can’t Keep Their Word, Forced to Jump Back On the Trump Train

It is amazing to watch the GOP leadership in Washington, D.C. squeal when they’re faced with the least bit of adversity.  

On Friday night, the ‘left’ launched a surprise attack that sent the elite media and elite politicians into scapegoating frenzy.  Paul Ryan disinvited Republican nominee Donald Trump from a campaign fundraiser, Sen. Deb Fischer said it would be wise for him to step down, and Rep. Bradley Byrne and Sen. John Thune also told the nominee to step aside.  

And now what?

You guessed it.  These establishment politicians are re-evaluating their professional political careers and are now re-endorsing Donald Trump.

The comments made by Mr. Trump were disgusting and totally unacceptable under any circumstance. (1/2)

— Deb Fischer (@DebFischerNE) October 8, 2016

It would be wise for him to step aside and allow Mike Pence to serve as our party’s nominee. (2/2)

— Deb Fischer (@DebFischerNE) October 8, 2016

Donald Trump should withdraw and Mike Pence should be our nominee effective immediately.

— Senator John Thune (@SenJohnThune) October 8, 2016

Byrne, in his Saturday statement, said Trump “cannot defeat” Clinton and urged him to “step aside and allow” Pence, the Indiana governor, to “lead the Republican ticket.”

But after Sunday’s debate performance and a not so friendly conference call between GOP leaders Monday morning, these three politicians have decided to retreat.

Fischer has since “clarified” her statements saying “I support the Republican ticket, and it’s a Trump-Pence ticket.”

A spokesperson for Byrne has since said that “he will support the Republican ticket on Election Day, as he has pledged to do all along.”

And during an interview with a South Dakota newspaper, Thune said he is voting for Donald Trump.  “He has a lot of work to do, I think, to win this election. But I’m certainly not going to vote for Hillary Clinton,” the Republican said.

This is Washington, D.C. folks, plain and simple.  These are the men and women who represent your bests interests, with fierce loyalty and devotion. 

Now, mind you, Townhall has becoming increasingly Never Trump for months, now.  The biggest argument they’ve had is because the Trump movement threatens to tear up the GOP.  Those three idiots they wrote about are exemplar as to why this is happening.  It isn’t Trump making these weasels, weasels.  They are weasels and they helped create Trump. 

It’s beyond interesting.  There are supposed “conservative” sites who are Never Trump sites.  And, they bemoan the fact that the GOP is having such a hard time with Trump.  Is Trump a conservative?  Well, no, he’s not.  He has some conservative attributes, but, he isn’t a conservative.  But, then, neither is the GOP leadership.  Sure, many in the GOP give lip service to being conservative because of the geography of their constituency.  But, actions speak louder than words.  Over the last 22 years, the GOP has held the House for 18 of those years.  The GOP has held the Senate for 12 of those years, all them overlapping with the House majority years.  8 of those years a Repub held the White House.  But, it would be hard to state that in any of those 22 years that our government became more conservative.  Indeed, over the past 22 years we’ve seen nothing but a complete devolution in conservative governance.  I believe this is inarguable.  If one is truly conservative, why would one wish the GOP to remain as is?  Do they actually believe that if the GOP had nominated Bush that we’d somehow be better off if he was elected?  That the GOP would suddenly be true to their words?  That the GOP would suddenly be more conservative?

Look, I get it.  There are some who simply despise Trump.  But, let’s not pretend that Trump is the one tearing up the GOP.  I’ll tell you who is tearing up the GOP, it’s the GOP leadership ……. and they need torn asunder.  People in Kansas are sick of them.  People in Utah are sick of them.  People in Florida are sick of them (well, many of them), people in Oklahoma are sick of them.  People in West Virginia are sick of them.  They don’t care.  They don’t care because the GOP, year in and year out, failed to deliver what they promised.  And, they continue to fail, even against a lame-ass lame-duck presidency.  Are you kidding me?  The GOP holds both houses and the only veto override they can manage is some law about suing Saudi?  That’s it?  For 22 years they’ve held a strong hand.  For 22 years they still can’t play the  hand.  Heck, for 8 of those years they held 3 aces playing 3 card poker, and still managed to lose. 

You guys go ahead and keep cheering for Trump to fail.  Bitterly cling to your precious GOP, and keep pretending the GOP is in some sort of opposition to the Dims.  Self-delusion works for leftards, it may as well work for you guys. 

Again, Mr. Lavrov, spot on! 

Posted in News and politics | 25 Comments

Debate Fallout And Takeaways!!!!!


Heh!!!  Love that!

So, the debate is over and the pundits have lined up to tell us what we’re suppose to think about it.

It’s a fascinating thing.  Who won???  Everyone wants to know who won!  I’m a horrible judge of such things.  In full disclosure, I missed the opening minutes of the debate.  But, I did watch 90% of it. 

I can tell you this, Melania Trump won trolling of the year!!!!!


For those who won’t follow the link, the blouse style is called a “p—y bow”, referencing bows once popular to put around cats necks.

But, who won the debate?

Well, I’ll tell you what I thought of the debate, and, then, I’ll give a couple of examples of some news and statements, and you can make up your own mind.

I thought Trump did a lot better last night than the previous debate.  But, he also missed some golden opportunities.  A couple of examples ……. when Hillary was talking about being more leverage against the Russians, (which she brought up the Russians, a lot!!!!) Trump should have asked her how the Ukraine worked out for her and her leverage.  No one talks about the Ukraine debacle.  There were also other times discussing the Russians and even how well Hillary did financially while in public office.  (Also a perfect time to ask her about cattle futures!)  I thought that would have been a perfect time to bring up the Uranium deal brokered through her State dept.  But, nary a mention of the uranium deal.  I would also note, that while not entirely Trump’s fault, we didn’t get into immigration nor the Clinton foundation.

That said, Trump did a terrific job at tying Clinton to the establishment ….. so much so, she had to own it. 

I think, Hillary, for the most part, kept her poise.  But, she was on defense for most of the night.  She did get a few jabs in, but, they weren’t all that memorable. 


One of the biggest things which have the establishment reeling is Trump’s comment I’d “instruct my attorney general to get a special prosecutor”.  And, “you’d be in jail.”  Of course, the left is spinning this as a desire to jail a political opponent.  This is something Trump should run with.  Hillary should be in jail for multiple offenses.  There’s not a rational and aware person in the U.S. who doesn’t understand Hillary has broke the law.  There are two sets of rules for the people in the US.  The laws the establishment people get to choose to obey and follow, and the laws us little people have to obey.  If there is no equal protection and equal application of the rule of law, there is no rule of law.  There is only tyranny. 

BTW, pollster and pundit, and not particularly in Trump’s corner, Frank Luntz had this to say about Trump’s best moment in the debate.

Donald Trump’s highest moment when he held Hillary liable for her emails and called for a special prosecutor. #debate

— Frank Luntz (@FrankLuntz) October 10, 2016

The pundits are saying Trump’s “special prosecutor” line was the worst part of the #debate.

But the people are saying it was the best.

— Frank Luntz (@FrankLuntz) October 10, 2016

Why did Trump’s “prosecutor” line do so well? Because most Americans (56%) think Hillary should’ve been indicted.

— Frank Luntz (@FrankLuntz) October 10, 2016

But, overall, how did Trump do?  Well, there’s this from a never-Trumper ….

Well, sadly, “dump Trump” probably over.

— Jonah Goldberg (@JonahNRO) October 10, 2016

Van Jones (a noted leftard) thinks Hillary won because Trump sorta won.


MSM is truly adorable.

— Cassandra Fairbanks (@CassandraRules) October 10, 2016

But, CNN is holding on to their super sciency flash poll that Hillary won the debate.  Please be sure to read the emboldened parts.

(CNN)Donald Trump exceeded expectations, but Hillary Clinton won the second presidential debate, according to a CNN / ORC poll of debate watchers. The results showed a clear victory for Clinton, with 57% saying Clinton won, as opposed to 34% for Trump.

It’s a strong showing for Clinton, but not as good as her performance at the first presidential debate, when 62% of debate watchers said she won.

The results Sunday also track closely with watchers’ pre-debate preference. Fifty-eight percent of debate watchers said they were supporting Clinton before the debate.

Trump outperformed the baseline.

I’d go on about the fact-checking, but, it’s absurd and too lengthy …… acid wash vs bit bleach, line-in-the-sand vs red line, 35,000 emails (or so) vs 33,000 ……. it goes on and on. 

Based upon the reaction of the people who hate Trump, I’d say he won hands down.  But, it wasn’t a knock-out by any means.  One more debate to go, and he has to do even better than he did last night to win the election.   

Posted in News and politics | 14 Comments

Trump Tapes, Faux Outrage, And Gamesmanship Dominating US Politics And LSM!!!!


Well, wow!  There’s a lot to say about the Trump tape, so please forgive me if I miss an aspect on this.

“Grab them by the pu**y” …….. yes, a horrible thing to say.   Here’s some quotes from the tape. 

At that point in the audio, Trump and Bush appear to notice Arianne Zucker, the actress who is waiting to escort them into the soap-opera set.

“Your girl’s hot as s—, in the purple,” says Bush, who’s now a co-host of NBC’s “Today” show.

“Whoa!” Trump says. “Whoa!”

“I’ve got to use some Tic Tacs, just in case I start kissing her,” Trump says. “You know I’m automatically attracted to beautiful — I just start kissing them. It’s like a magnet. Just kiss. I don’t even wait.”

“And when you’re a star, they let you do it,” Trump says. “You can do anything.”

“Whatever you want,” says another voice, apparently Bush’s.

“Grab them by the p—y,” Trump says. “You can do anything.”

Later, it was documented that Trump and Zucker “air kissed” when they met.  Apparently, there was no “p—y” grabbing at that point …… or, for that matter, at any point. 

Now, raise your hand if you are entirely surprised to learn that Trump is a cad.  Whether you’re pro-Trump or anti-Trump, none of this should be a surprise. 

At this point, most of the faux outrage seems to come from the establishment Repubs.  This was an eleven y/o hot mic tape of a private discussion between two guys having some locker-room chat. 

Now, for me, this is a huge nothing burger.  Trump is exactly what I thought he was.  For the Dims, well, they have always characterized Trump in this manner.  This shouldn’t move the needle in any manner.  Sadly, it will, mostly because of the low-information voters who are/were undecided at this moment.  It always fascinates me about the amount of people who are supposedly undecided at this moment in the POTUS race.  How can one be undecided at this point?  At any rate, there’s no sane person who is going to change their vote in this election because of a character issue.  If character matters to the individual voter, they would never support Clinton.  It’s laughable.  They were entirely okay with Willie shoving a cigar up the privates of a young intern in the oval office, and to this day insist that in no way disqualified him from being POTUS, but, to hear some horrid banter is just a bridge too far?  Get real. 

As far as the caddy statements, I hate to admit this, but, I’ve engaged in locker-room banter in the past.  I grew out of that sort of thing decades ago, but, I did.  If we’re all perfectly honest with ourselves, I suspect most of us have at one time or another.  And, it’s not just men.  I’ve had women openly comment on my posterior.  I’ve also had women who literally grabbed my crotch and let me know what they wanted.  It’s not that I’ve ever been a hotty stud type of guy, it’s more likely that the women were really, really drunk, or something.  My point is, it doesn’t do us any good to pretend this is confined to only males.  My immediate thought when I first read about the outrage on this quote was to wonder how many of the supposed outraged women really, really, really enjoyed the “Fifty Shades of Grey” book. 

My very second thought was “nicely played”. 

Wait ……. did I say an 11 y/o tape?  It has been in the possession of NBC this entire time.  But, suddenly, after holding onto this information for 11 years, now, one month before the election NBC decides the public has a right to know this all important stuff.  It also happened to be on the exact day that Wikileaks dropped thousands of emails from John Podesta, Clinton’s campaign chair and life-long Clinton lackey.  This is also after Trump has stated that he was going to go after the Clintons on the behavior they have had towards women.  This is absolutely a brazen attempt by a LSM outlet to alter the course of a US election.  This destroys any notion that the US has free and fair elections.  We don’t.  Unfortunately, media outlets such as NBC have great sway on the American public.  They are functioning, simply, as an extension of the Clinton campaign. 

Unfortunately, that’s the state we’re in, today.  That’s what any Repub candidate signs onto when they run for election. 

Now, as to what Trump needs to do …… even before the tape revelations and especially now, I don’t believe Trump should engage in the relative comparisons between his words and Bill’s actions.  The sad fact of the matter is, it doesn’t resonate.  Currently, the electorate doesn’t care about character.  Sure, they have a lot of people pretending it does, but, it doesn’t.  Now, I would counter-punch, exactly as I’ve written here.  They’re going to hammer in his words but, forget the deeds of the Clintons?  When they try to hammer Trump on his words, hammer back with the words of Hillary.  But, circle it back to the issues.  Benghazi is perfect for this.  It calls to mind the dishonestly of Hillary, while reminding the voters of what a disastrous foreign policy Hillary executed as SoS.  And, then, it easily circles back to our security and immigration policies.   This is what he needs to do.  This is what resonates with the voters.  Once we’re on security and immigration policies, then it’s easily segued into the economic issues the average US worker faces today.  That’s just for the rest of the campaign, in general, but, also as well for the debate, tonight.  For the debate tonight, Trump needs to be much more pinpointed and focused and ready to exploit the openings that Hillary will give him.  Last debate, he just let too many opportunities go.  He needs to be sharper and reactive.  He needs to talk about the specific actions and inactions of Hillary.  Sadly, according to Trump, he’s still shunning to work and preparation most people do before a debate.  Hopefully, he’s just playing coy and did do some prep work.  Else, his performance will probably be on par with his last one, which, could lose the election. 

Well, those are my thoughts.  What do you think?

Posted in News and politics | 24 Comments

NFL Game Day Predictions Are Back!!!!!

Well, it wasn’t until after many of the games were already over that I discovered that I hadn’t posted my picks, last week.  This is probably a good thing, in that I hadn’t been picking all that well, so maybe this changes things.


(3-1-0) Patriots  Brady’s back, the Browns are terrible, once again. 

(0-4-0) Browns


(3-0-0) Eagles  Is the rookie Wentz for real?  Today will be another test for him.  I’d like to see him in a shoot-out.  But, we may not see that for a while.  It’s the Eagle defense which has been carrying the day, so far, but, it’s the Lions at home, so, perhaps….

(1-3-0) Lions


(1-3-0) Bears

(1-3-0) Colts  Heh!  A very weak force against a very movable object!!!! If the Colts are going to salvage their season, then, they’ll have to start today.  I think they will against the hapless Bears.


(1-3-0) Titans

(1-3-0) Dolphins  Sigh, another difficult pick between to losing teams.  So, I go with the home team. 


(2-2-0) Redskins 

(3-1-0) Ravens  The Ravens seem to have a serviceable team this year.  I think they should start emphasizing West in the running game more. 


(3-1-0) Texans

(4-0-0) Vikings  The Texan offense isn’t that good.  The Viking defense has been crushing, this year.


(1-3-0) Jets

(3-1-0) Steelers  A very good Eagle defense has been the only team successful against the Steelers this year.  The Jets defense is not similar to the Eagles’.  The Steelers have too many downfield threats for a team like the Jets.


(3-1-0) Falcons

(4-0-0) Broncos  Both of these teams have surprised me this year.  We’ll see if Mile High will cause the Ryan-Jones connection to come down to earth.


(2-2-0) Bengals

(3-1-0) Cowboys  Another great test for the other rookie QB!  Is Prescott for real?  Is Elliot for real?  A few more wins and I think Romo’s career in Dallas will be coming to an end.


(2-2-0) Bills

(3-1-0) Rams  I don’t think either team is all that good, but, maybe the Rams have finally turned the corner.  Don’t expect much scoring in this one!


(1-3-0) Chargers

(3-1-0) Raiders  Raider RB Murray is out for today.  I don’t think it will make much of an impact.  IDK, perhaps the Chargers will get it together.  It isn’t as if they’re an awful team, it’s just that they can’t play in the 4th quarter. 


(2-2-0) Giants

(2-1-0) Packers  Playing at Lambeau is always tough.  I don’t think the Giants are up to the task.


(1-3-0) Buccaneers

(1-3-0) Panthers  Maybe it’s time to stop the idiotic Superman impersonations.  Newton will be on the sidelines with a concussion this week.  Their defense is in shambles.  Still, I think they’re better than the Buccs.


 (2-3-0) Cardinals 33  The Cardinals, sans, Palmer, put it to the 49ers on Thursday.  They dominated with the Running game and ageless Larry Fitzgerald to pass to on occasion.

 (1-4-0) 49ers 21


Well, those are my picks for today.  What do you think?

Posted in Sports | 1 Comment

ICYMI!!!! Stuff To Talk About!!!!

Well, as per usual, I’ve links up which I thought were good discussion points.  Sadly, I, either didn’t have the inclination, or didn’t have the time to make these things a post on their own. 

NOTE!!!!!  For the uninitiated, ICYMI = In Case You Missed It. 


In regards to the US POTUS election, I think ….. I know, team Trump would do well to play this up. 

Egypt’s Sisi: Globalization Yields ‘Poverty, Inequality, and Undermining of the Social Contract’


Exclusive — Egyptian Leaders Praise Donald Trump, Blast Hillary Clinton After President El-Sisi Meets with Both Candidates

But, are they smart enough to do so?  They haven’t, yet.  It’s a threefold destruction of the leftard meme.  First and foremost, it destroys the notion Trump is anti-Muslim.  Sisi is a Muslim.  Most of Egypt is Muslim.  Hillary backed the Muslim Brotherhood, which are a bunch of terrorists (and associated with a top Clinton aide.)  He destroys her on foreign policy simply by these two headlines.  And, it puts the “globalization” topic on the front.  There’s no downside and plenty of upside, if one would talk this up. 

California just legalized decriminalized underage prostitution.  I’ve no words.  Well, for 14, or 15 y/o, we won’t stop you, but, once you make it to 21 ……. if you manage, we’ll, then, make it a crime.  Teach your children well, amiright?

While it seems leftards love to cite what Europe is doing, they never seem to grasp what Europe is doing to the Europeans.  California is following in the footsteps of Germany.  That’s gotta be good, right?  Can’t wait until the rape of our women (only by Muslim “refugees”) is blamed on our women.  Oh, wait, that’s Sweden!!!!….. Well, maybe Germany, to a lesser extent.

Fortunately, there is a Dr. in Florida who knows how to combat this epidemic!!!! 

Lastly, I’ve more to say about this, but, for now, we can enjoy this response to a bunch of embeciles who don’t know which side of their bread is buttered.  You know, I love American football, as it was meant to be played, but, I’m about over what it has become.  College, professional …… a bunch of assholes taking my money, bitching about what this country is and stands for …… while I deliver them benefits and wealth I could never dream of?  Kudos for the adults who stepped in.  But, this bastard needs removed.

Well, that’s all I got, for now.  What do you think?

Posted in News and politics | 31 Comments

National Bankers And Treasurers Unite!!!!! — To Destroy The Wealth Of The People


So, I’ve had this article for about a week, now.  And, I’m still not sure how to frame this.

Our friend, copernicus34 alerted us to this article. 

Ex-U.S. Treasury chief Summers welcomes BOJ’s yield curve, inflation targets

If you read the article, you’ll see some of the stupidest comments …… until you realize it isn’t stupidity, but, rather an entirely different set of goals.

Now, it’s just me, maybe, but, the whole point of having people such as a US Treasurer, and a national bankers, are to ensure a robust and generally growing economy to increase the wealth of the people.  Indeed, it is the general wealth of the general people which defines an economy.  Since the advent of economic thought, people have attempted to put various metrics to help define economic health, but, I believe the emboldened definition is what is proper.  But, again, it may be just me.

Again, I really don’t know how to approach this madness, so, we’ll just take a look at some of what Mr. Summers had to say …….  But, before we do that, I’ll quote the bonafides of Mr. Summers . ….

Lawrence HenryLarrySummers (born November 30, 1954) is an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University.[2]

Born in New Haven, Connecticut, Summers became a professor of economics at Harvard University in 1983. He left Harvard in 1991, working as the Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury.

Well, he’s a really, really, smart guy for this important event and important positions, right?  Let’s start at the start ……

The Bank of Japan’s decision to target the yield curve and allow consumer prices to overshoot its 2 percent goal are welcome steps in Japan’s long battle to encourage inflation, former U.S. Treasury Secretary Lawrence Summers said.

Targeting the yield curve will keep interest rates low enough to encourage government borrowing, which is needed to help support the economy, Summers told reporters at a seminar hosted by the Japanese central bank.

Uuffff!!!!!  There’s too much in these two paragraphs!  I could write for days on this, alone!!!!  These morons are still stuck in stupid!!!  They believe inflation drives things, rather than inflation being symptomatic of an economy!  Inflation is a by-product of an economy, not a driver!  As an economy heats up, inflation goes up.  That’s because there’s more jobs, higher paying jobs, and more consumerism.  <—– That’s what typically creates inflation.  A moderate amount of inflation is typically seen as a reflection of a growing economy.  However, inflation, in and of itself doesn’t cause an economy to grow.  This has been demonstrated time and time, again.  The term “stagflation” came about precisely because people had inflation while their economy stagnated. 

Government borrowing??????!!!!!!  LMAO!!!!!!  OMG!!!!!!  WTF??????!!!!???!!!???  Especially in reference to Japan!!!!!  I’m speechless!!! …….. The over-borrowing by Japan has exacerbated the economic downturn in Japan.  Last I looked their debt-to-GDP was over 200%.  Government borrowing doesn’t help support an economy, it supports a government which has over-spent. 

And, this is the crux of the problem with these pinheads.  They believe a government drives an economy, rather than understanding government, any government detracts from an economy.  Now, don’t get me wrong, a healthy national economy requires a national government;  Rules and standards, national defense, border integrity ….. these and much more are under the purview of a national government.  You have to have these things to have a growing and robust economy.  So, you have to have a national government.  But, the simple fact that an economy must support a national government allows us to know a national government detracts from said economy. 

Again, the borrowing Japan is doing isn’t for the economy of Japan, but, rather, to keep the government of Japan from collapsing.  They’ve become so reliant upon spending money they don’t have, they can’t stop.  But, the more they borrow, the more they have to pay back.  And, that brings us to the funny part of this.  They painted themselves into a corner.  If by some magical manner the economy starts to grow and inflation starts to move up, then they must borrow even more money because the value of their currency will be less.  Again, I could go on, but, I’ll move on, instead ……

“I salute BOJ Governor Haruhiko Kuroda and his colleagues on the BOJ board for their clear signal of an intention to approach 2 percent inflation from above rather than below,” Summers said.

“The commitment to yield curve targeting was potentially constructive.”

The BOJ overhauled its policy framework last week to focus on controlling interest rates after more than three years of aggressive money printing failed to ignite inflation.

The BOJ announced a target for the 10-year government bond yield of around zero. In future the central bank will use its existing minus 0.1 percent interest rate, and the 10-year yield target, to control the shape of the yield curve.

Yeh, that ought to work!!!!  This is fascinating!!!!!  It states the BOJ has an existing yield of –0.1%.  That is to say, if you buy Japanese bonds, you’ll get a –0.1% yield if you hold the note to maturity.  It is the bonds sold which is the money borrowed that supports the government.  A bargain at any price, amirite?  Oh-oh!!!!!!!  Let me let the Japanese hold my money for 10 years and then they can pay me back nothing in return!!!!! 

Let me clarify, for a moment ……  The notion of keeping the bonds interests rates at zero or below is to encourage borrowing.  As the bond return rate is low, so too, is the borrowing rate, but, just a bit higher.  Although, I have to say, this doesn’t encourage lending.  As a private bank, when the rate of return is too low, you make sure the people you’re lending to will be able to pay back the money.  It’s not worth the risk, otherwise.  But, then, interest rates, like the inflation rate, don’t drive an economy.  Interest rates should be reflective of the economic condition.  When wealth is created and being created, and risks are low, then interest rates should be low, when the risks are higher, then, interest rates should be higher.  And, this is the dilemma Japan is in.  Higher interest rates discourage spending.  But, there’s nothing in Japan which would encourage investment.  It doesn’t matter how low the interest rates are, there’s nothing to invest in.  Were I them, I would take a page from the Dutch, and invest in dykes.  That’s the only way Japan finds more economic development. 

Before we move on, let me focus on this ……

The BOJ overhauled its policy framework last week to focus on controlling interest rates after more than three years of aggressive money printing failed to ignite inflation.

What??????  They say that printing money failed?????  Say it isn’t so!!!!! 

I wish I had cataloged all my posts.  But, I’ve literally written thousands of them, nearing 10,000.  The printing of money (QE) would have worked to ignite inflation had the money ever actually went to the people.  It would have been horrid for the people, but, less horrid than what actually happened.  The money from the QE idiocy didn’t ever get to the people of Japan, so, it could never cause inflation.  The money went to the big businesses of Japan, which, directly invested the money in foreign ventures.  Places like China, Indonesia, and Vietnam saw the money.  Inflation didn’t happen because it didn’t create any churn.  The people of Japan didn’t have any of the money printed, so, they couldn’t spend it, they couldn’t invest it, they couldn’t build with it.  Not that a higher inflation rate would have caused anything positive, it wouldn’t have.  There’s nothing to invest in, in Japan.  There’s nothing to build in Japan.  It’s an overpopulated group of islands, with little natural resources, whose people demand a relative high standard of living while producing less than what they consume.  Weird how that works.  For those of us who correctly saw that happening, we can all take a bow! 

Lastly, I wish to discuss this …..

Summers’ comments came after the BOJ seminar speech, which partly focused on “secular stagnation” and how policymakers should respond.

Summers revived the concept in 2013 to describe weak demand, low growth and low employment in the U.S. after the global financial crisis.

On Friday, Summers said the natural rate of interest, or the short-term real rate consistent with full employment, had fallen too far in advanced economies for conventional monetary policy to bring rates low enough to create full employment.

Higher savings rates, slower population growth and efficiency gains from technology are driving the natural rate lower, Summers said in his speech.

Government spending will help raise it by lifting inflation expectations, and central banks must commit to keeping rates low enough to make it easy for governments to borrow, he said.

This is so far beyond Keynes that it makes Keynes look like an Austrian economist.  Summers embodies the globalist/socialist notion which seems to be guiding the central banks and treasuries of the various nations in Western civilization. 

Money, or the value of money, is simply the reflection of the value of what people do ….. do….. do!!!!!  I cannot emphasize this enough.  It’s what we’re doing which gives or takes value.  There is no value in doing nothing.  There is value in extracting wealth from the many various resources God has granted us.  There is value in refining or improving upon the gifts we are granted and have taken. 

To move an economy forward, the people, in general, must create more value than consumed.  It is, simply, as simple as that. 

You can print all the money you can ever desire, you can play with interest rates all you wish.  You can, as a government, borrow and spend all the money you wish.  None of this will move an economy forward.  You must create more value than consumed to move an economy forward.  As soon as you consume more than the value created, the economy regresses. 

PS …..  I’ll save a rant about the Luddite idiocy Summers blathered re “efficiency gains” for another day.  But, efficiency gains are always good for an economy.  Always.

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