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August 2022

WAS THERE EVER A TIME WHEN THE RICH SUFFERED MORE THAN THE POOR AND MINORITIES?

[NOTE: Sorry! My hosting platform, used by many Fortune 500 corporations, suffered a temporary failure yesterday. The blog entry "CALIFORNIA'S HOMELESS HUSTLE" is available on the OCS website.]

Epa-dsa

There is no doubt in my mind that the environmental movement has been thoroughly infiltrated by fifth-column communists who wish to destroy America from within. The movement not only funds our enemies using taxpayer funds but also allows the evildoers to use our laws against us to limit our economic growth and beneficial progress. When examined closely, the environmentalists are not only de-growthers but a metastasizing malignancy to implement wealth redistribution and control the levers of power within our government. A political agenda far outside the original goals of curtailing pollution and providing good stewardship for our natural resources.

To this end, the communists have assumed operational control over the Democrat Party and Republican establishment and globalist malefactors.

The Environmental Protection Agency, a toxic governmental communist instrument …

Epa-1EPA Launches New National Office Dedicated to Advancing Environmental Justice and Civil Rights

EPA's historic Office of Environmental Justice and External Civil Rights will position the agency to better advance environmental justice, enforce civil rights laws in overburdened communities, and deliver new grants and technical assistance

EPA announced that it is establishing a new national office charged with advancing environmental justice and civil rights. The creation of the new Office of Environmental Justice and External Civil Rights delivers on President Biden's commitment to elevate these critical issues to the highest levels of the government and solidifies the agency's commitment to delivering justice and equity for all.

[OCS: I was unaware of the extent to which an agency dedicated initially to protecting the environment, including land, water, and air, has now been radicalized into a civil rights enforcement agency with police powers.]

The new office will dedicate more than 200 EPA staff in EPA headquarters and across 10 regions towards solving environmental challenges in communities that have been underserved for far too long. These staff will engage with communities with environmental justice concerns to understand their needs, as well as Tribal, state, and local partners; manage and disburse historic levels of grants and technical assistance; work with other EPA offices to incorporate environmental justice into the agency's programs, policies, and processes, as allowed by law; and ensure EPA funding recipients comply with applicable civil rights laws. The office will be led by a U.S. Senate-confirmed Assistant Administrator, to be announced at a later date.

[OCS:  Toxic pollution is toxic pollution, period! The politically-connected elites created and enforced NIMBY (Not In My Back Yard) policies and invented pollution offset credits that allowed gross polluters to continue polluting local areas after purchasing climate indulgences created by planting trees in a remote rainforest.]

"President Biden and I have been clear: we must ground our work to address the climate crisis and our greatest environmental challenges in justice and equity," said Vice President Kamala Harris. "The establishment of a new office dedicated to advancing environmental justice and civil rights at EPA will ensure the lived experiences of underserved communities are central to our decision-making while supporting community-driven solutions."

[OCS: The climate crisis is a manufactured media creation designed to empower global elitists as they continually protect or enlarge their assets at the expense of the public on their march to a more authoritarian government.]

"From day one, President Biden and EPA have been committed to delivering progress on environmental justice and civil rights and ensuring that underserved and overburdened communities are at the forefront of our work," said EPA Administrator Michael S. Regan. "With the launch of a new national program office, we are embedding environmental justice and civil rights into the DNA of EPA and ensuring that people who've struggled to have their concerns addressed see action to solve the problems they've been facing for generations."

The new office will oversee the implementation and delivery of a $3 billion climate and environmental justice block grant program created by the Inflation Reduction Act, a critical component of the law's historic $60 billion investment in environmental justice. The office also will ensure EPA's implementation of other funding programs provided by the Inflation Reduction Act, Bipartisan Infrastructure Law, and regular appropriations meet or exceed the President's Justice40 Initiative.

[OCS: Aha! And there it is – wealth redistribution and the funding of politically-connected special interests. The fact that the "Inflation Reduction Act" is an overt lie and is simply a portion of the communist's "New Green Deal" should make it obvious this is the progressive communist democrat's grab for money and political power.

For those unfamiliar with the Justice40 Initiative, it sets a goal that 40 percent of the overall benefits of certain Federal investments flow to disadvantaged communities that are marginalized, underserved, and overburdened by pollution. This begs the question, shouldn't they get 60% or more of the allocations until the issue is remediated if these areas are so underserved? And don't look too closely as the initiative directs funds into non-productive, unstable, and costly green power deals fronted by politically-connected special interests and appointees. "The categories of investment are: climate change, clean energy, and energy efficiency, clean transit, affordable and sustainable housing, training and workforce development, remediation and reduction of legacy pollution, and the development of critical clean water and wastewater infrastructure."]

The new office is the latest significant action under President Biden's aggressive approach to embed environmental justice, civil rights, and equity across the government, and follows the launch of several initiatives.

[OCS: I would suggest that this initiative will further embed more progressive communist democrat operatives deep within the government bureaucracy where they can actively promote their toxic agenda and inhibit any attempts at reform. I think it is time to limit foreign and dual-citizen nationals from government positions and to reimplement a legally enforceable loyalty oath to uphold the U.S. Constitution.]

Background

EPA created the Office of Environmental Justice and External Civil Rights Office by merging three existing programs at the agency: the Office of Environmental Justice, External Civil Rights Compliance Office, and Conflict Prevention and Resolution Center. The new office will:

  • Improve and enhance the agency's ability to infuse equity, civil rights, and environmental justice principles and priorities into all EPA practices, policies, and programs.
  • Support the fair treatment and meaningful involvement of all people with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies regardless of race, color, national origin, or income.
  • Engage communities with environmental justice concerns and increase support for community-led action through grants and technical assistance.
  • Enforce federal civil rights laws that, together, prohibit discrimination on the basis of race, color, or national origin (including on the basis of limited-English proficiency); sex; disability; or age by applicants for and recipients of federal financial assistance from EPA.   [OCS: A new protected class – "limited-English proficiency?"] 
  • Provide services and expertise in alternative dispute resolution, environmental conflict resolution, consensus-building, and collaborative problem solving.

For more information, please visit the new Office of Environmental Justice and External Civil Rights website.

   <Source>

 

Believe the progressive communist democrats when they tell you what they are about!

Excerpts from the radical, far-left publication, The Atlantic…

What Many Progressives Misunderstand About Fighting Climate Change

The good news is that, with reasonable reforms, the energy transition is fully within reach. Private investment in clean-energy technology is skyrocketing, and even Big Oil is starting to realize there is no future in fossil fuels.

[OCS: There is no sustainable, reliable energy transition capability in existence and crippling our current fossil fuel-based energy sources is economic suicide!]

But this may not be enough for some environmentalists. Jamie Henn, an environmental activist and the director of Fossil Free Media, recently told Rolling Stone, “Look, I want to get carbon out of the atmosphere, but this is such an opportunity to remake our society.

[OCS: Did you sign on to eliminate pollution or to remake society – a code phrase for destroying the capitalist system and replacing it with an authoritarian regime?]

Many progressive commentators similarly believe that countering climate change requires a fundamental reordering of the West’s political and economic systems. “The level of disruption required to keep us at a temperature anywhere below ‘absolutely catastrophic’ is fundamentally, on a deep structural level, incompatible with the status quo,” the writer Phil McDuff has argued. The climate crisis, the Green New Deal advocate Naomi Klein has insisted, “could be the best argument progressives have ever had” to roll back corporate influence, tear up free-trade deals, and reinvest in public services and infrastructure.

Such comments raise a question: What is the real goal here—stopping climate change or abolishing capitalism?

The belief that top-down decision makers can choreograph precisely how the clean-energy revolution will proceed runs deep in progressive circles. In the manifesto describing his version of the Green New Deal, Bernie Sanders declared, “To get to our goal of 100 percent sustainable energy, we will not rely on any false solutions like nuclear, geoengineering, carbon capture and sequestration, or trash incinerators.”

[OCS: Modern nuclear technology is the cleanest, sustainable energy source in an industrialized economy – just ask France. It’s no wonder why the progressive communist democrats vilify nuclear energy.]

<Source>

Bottom line…

If you haven't noticed, former President Obama, an un-American communist, anti-white, anti-Semite racist, and his acolytes are firmly in control of the Biden Administration – headed by a corrupt senile fool who can still read (mostly) a teleprompter.

To say that we are screwed as we approach the 2022 and 2024 elections is an understatement.

-- Steve 


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


CALIFORNIA'S HOMELESS HUSTLE

I am bombarded by campaign literature promising to alleviate California’s homelessness problem.

Gimme Shelter: Los Angeles mayoral candidates discuss homelessness plans

Unsurprisingly, homelessness has become a hot button issue in the heated Los Angeles mayoral election, which takes place on Nov. 8.

Angelenos are eager, if not desperate, for their next mayor to reduce the more than 41,000 people living in tents, RVs and shelters in the city. But the proposals from each candidate to address homelessness vary widely and were, until a recent L.A. Times analysis, sparse on the details.

U.S. Rep. Karen Bass plans to combine interim and permanent housing options by expanding and accelerating already-existing programs, like housing vouchers and Project Homekey. Her plan, which would theoretically bring more than 17,000 people indoors, has a price tag of $292 million.

[OCS: Karen Bass is a Castro-loving communist who represents a clear and present danger to Los Angeles.]

Bass’ opponent, real estate developer Rick Caruso, says he would mostly focus on building new shelter beds for 30,000 people, costing around $800 million – plus operating costs. <Source>

LA City Council committee divided on whether to stay with LAHSA homeless services

Members of the city council’s Homelessness and Poverty Committee appeared divided over whether the city should begin providing services more directly, or continue working with the regionally focused Los Angeles Homeless Services Authority (LAHSA), which gets funds from the federal government.

[OCS: It’s a fight over who controls hundreds of millions of dollars.]

The authority was formed in 1993 at a time when the region faced a homeless crisis and several municipalities and jurisdictions fought over federal funding and had differing views on how to provide homeless services.

Los Angeles City Councilman Bob Blumenfield, who represents District 3 in west San Fernando Valley, said the city should to bow out of the regional system led by LAHSA, and provide its own city-based homeless services.

LAHSA is the lead regional organization that helps the homeless find housing and services, and oversees the annual countywide homeless count. But Blumenfield argued that Los Angeles has recently worked to “build on our city’s homeless response system.”

“At this point, we were already doing the work and we should look at what it takes to bring homeless services in house,” Blumenfield said. “Many of us are building our own pilot programs.” Criticizing LAHSA, he said, “Our regional homeless system is too big in my opinion, and it’s unresponsive to our local needs.” <Source>

Unfortunately, this is little more than a hustle perpetrated by politically-connected grifters.

The facts are simple.

(1)  The stories about middle-class individuals, families, and children falling into homelessness and living rough on the streets are mostly the exploitation of an insignificant number of individuals. Most of these individuals have some support mechanism, and the duration of their homelessness is relatively brief. The media appears willing to exploit these stories to drive a political narrative for additional funding for homeless programs.

(2)  The great majority of the homeless are drug addicts or mentally ill.

(3)  Most homeless initiatives are bound to fail because, in order to resolve their homeless issue, they must want help in the form of a permanent solution. With drug addicts being confined in any sponsored program denies them easy access to a criminal means to earn money and their drug dealers. Not that they are unwilling to accept temporary assistance in the form of shelter during inclement weather, a hot shower, a fulfilling meal, or clothes.

(4)  The greatest beneficiaries of homelessness solutions are the government, foundation, and non-profit agencies whose livelihood demands a homeless population to serve—likewise, the politically-connected real estate developers and operators who have turned homelessness into a multi-million dollar enterprise.

This is a visual advertisement for the grifters…

POLI-AD

Illegal aliens are making the problem worse…

Eric Adams is building a tent city in the Bronx, and residents are not happy

NYC Mayor Eric Adams is building a tent city in the Bronx to house about 1,000 illegal migrants who have arrived in the city from Texas. Adams is calling them “Humanitarian Emergency Response and Relief Centers.” One is being set up on Orchard Beach for adults. A second location for families has not been announced yet. Local residents are not happy with the mayor’s decision. There is a strong vibe of NIMBY here – not in my backyard. <Source>

[OCS: Funny how New York City boasts about being a sanctuary city and cannot muster the resources of an unwitting participant in the illegal alien onslaught like Brownsville, Texas. Of course, it is all politics as most politicians do not care about the homeless or the illegal aliens as they look toward their own political future,]

Bottom line…

The politicians are seeding homelessness for their own interests.

When it comes to the homeless, there are no comprehensive solutions, only marginal ones based on an individual case-by-case basis involving both judicial and health authorities. Individuals who do not want help and resist assistance will always bollix up the system.

We are so screwed when politically-connected special interests play disadvantaged individuals.

-- Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


ANOTHER MINDF*CK

TODAYS-RANT

Today’s rant is short…

Screw Apple for their “continuous improvement of the user experience,” which necessitates that you grant them access to your system to use you as their unwilling beta testers.

Almost every improvement appears to be commonsense functionality that should have been incorporated from the beginning. New layouts and graphics to convince you something is “new,” or produce a “wow” factor, or screw up your existing workflow based on legions of children or addlepated adults who require that operations are reduced to the lowest common denominator should be eliminated or switch selectable.

Moreover, arcane settings hide under layers of menus – many purposely misnamed to encourage your positive response to the company’s suggestions.

I just finished setting up and transferring data on a new iPhone and iPad in the past two days. While the actual set-up was easy, not all applications, content, and settings transferred smoothly. I grant you that applications should be updated to take advantage of new hardware and operating system capabilities – but it would have been nice to analyze the old system and note potential issues. At least Microsoft attempts this analysis in their inter-generational operating system releases.

Bottom line…

My electronic devices are used mainly for employment, not enjoyment, so I value workflow over whiz-bang.

Somehow I expected better from Apple. But then again, Steve Jobs was all about esthetics and packaging, whereas Steve Wozniak was all about engineering and functionality. Pretty much why Apple’s devices underperformed PCs at the time.

With the necessity for upgrades of hardware, operating systems, and applications, even though they all perform rudimentary functions like content creation, we appear to be caught in a profit cycle rather than a performance cycle.

And it should be no surprise that battery life is steadily worsening.

Don’t get me wrong, Apple products, for the most part, are wonderful devices; it’s the operating system functionality that annoys me. 

We are so screwed.

I feel so much better now!

-- Steve

MURPHY-BIDEN


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


WE ARE SO SCREWED

FLAG-GBUSA

Several readers asked me why I end most every post with the line, “We are so screwed.”

As I read through my daily dose of news and scientific literature, I find my contempt for our political, cultural, and scientific elites growing geometrically greater by the minute. Not only are these individuals and their institutions corrupt, but they are also corrupt, narcissistic, and self-serving as they actively ignore basic humanity, decency, and common sense to embrace and promote evil. They appear ready and able to sacrifice your life, your family’s lives, and the lives of future generations for their own power, pleasure, and profits.

I am deeply chagrined and ashamed to find that individuals I held in the highest regard were little more than media-created personas that masked their ignorance and willingness to engage in activities beyond corrupt and could only be described as evil. Then there were others who I regarded as essentially evil but had descended further into the lowest rings of hell.

They hide their evil behind labels such as political correctness, multiculturalism, and moral equivalency. They are telling us that everything is an artificial construct to gain or maintain power. As if there was good evil and bad evil and the ends justify the means.

And, there is little or nothing I can do to remedy the situation because their actions are beyond my control. It appears that their actions may be beyond the control of a rational society.

To say that “We the People” are screwed is an understatement.

But there is a glimmer of hope…

The vast majority of people, the “silent majority,” are decent, law-abiding citizens. And while they may have their quirks and foibles, en masse, they are a solid bulwark against the evil pervading our land. They instinctively and intuitively know the difference between good and evil and right and wrong. They do not have to build elaborate rationalizations for their beliefs or actions as they heuristically recognize natural laws and the differences between acceptable and unacceptable behavior. They might not be able to derive optimal, perfect, or rational solutions to a problem, but their reasoning is sufficient for reaching an immediate and moral conclusion.

Ignorance is the enemy, and the progressive propagandists in the mainstream media and social platforms are its agents.

Much of what we see and hear is no longer a truthful recital of the facts; it is a narrative crafted to promote a political agenda. In the absence of objective reality, we are fed subjective narratives – and, even worse, dissident voices are censored or their access to public platforms canceled.

It pains me how formerly reputable scientists bow to their funders and institutions to slant their research and findings toward the fashionable science of the day. With little or no efforts to replicate existing findings as they fear falsifying not only a colleague’s work but the entire political narrative that was created around it.

In struggling to determine if I will take the next COVID booster shots, I find that equally intelligent, well-educated, well-experienced, and well-credentialed individuals have drawn contradictory conclusions regarding open-source data. In fact, openly challenge the data collection, analysis, and reporting process based on statistical anomalies. Since I am in the highest risk category with significant co-morbidities, I am gambling with my life. I have doubts about some of my doctors who are pressured by their practices and hospitals to adopt fashionable politicized protocols or face sanctions. Thank heavens I have the background to read the scientific literature, perform my own statistical computations, and have deep experience in numerous fields from my consulting work over the decades.

As for politics, I am a constitutional conservative, not a political crazy. I recognize the value of classical liberalism and understand economic theories. I can’t understand the mass psychosis of those supporting the Democrat Party, which has been infiltrated with communists over the years and appears to be an un-American adjunct of the Communist Party.

Is the future a Trump replay?

Trump is combative, petty, venal, and lazy. A transactional narcissist who values people at the moment for what they can do for Trump. The 2020 election was undermined by never-Trumpers and Bush-establishment types, including a Hillary-loving progressive Democrat named Jared Kushner. Everywhere you turned, there were unvetted and inadequately-vetted dodgy low-life characters pursuing their self-interests and political agenda. Even the generals that Trump brought into the White House felt they could ignore his direct and unambiguous orders to, in their opinion, “save the nation.” Trump favors tall, telegenic people, rich people, and establishment types he can humiliate publicly -- it is the appearance or promise of competence he relies on.

And, in the turmoil, Trump instinctively did what was best for America and the American people.

Will this be sufficient for 2024? Beats me! It depends on our other choices and how they interact with the media. All I know is that so many of the Trump personnel choices were grossly ineffective and wildly inappropriate. 

Bottom line…

DEMOCRAT-NUCLEAR

While the Republicans drag their feet and cannot fix everything, they did not cause the majority of problems we are facing today: inflation, crime, illegal aliens, a damaged energy sector, and a crippled military.

We are so screwed.

Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


FEDWATCHER: AS USUAL THE FED IS TOO LITTLE AND TOO LATE

Unbelievably, the Federal Reserve took the coward’s way out and only hiked the rate by 75 basis points.

September 21, 2022 - Federal Reserve issues FOMC statement

Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.

Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3 to 3-1/4 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve’s Balance Sheet that were issued in May. The Committee is strongly committed to returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals. The Committee’s assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments. <Source>

As before, the Fed is about using weasel words and continuing to be reactive rather than aggressive. I believe this increase is too little and comes too late to have a material effect on increasing inflation. 75 basis points just does not seem high enough to dampen economic activity. I would look for additional 75 basis points hikes at the Fed’s upcoming meetings.

I tend to consider the five- and ten-year neutral stance adjustment to guide my opinion.

The Neutral Rate

At what rate or range of rates does a change in the federal funds rate go from being low enough to be “accommodative” to being high enough to dampen economic activity? The answer is the neutral rate, often defined as the rate or range of rates consistent with full employment, trend growth, and stable prices. An economy in this state presumably wouldn’t need to be stimulated or slowed by monetary policy. Economists often describe the neutral rate by talking about the real federal funds rate— that is, the nominal fed funds rate minus a measure of inflation. <Source>

Before the hike blog post…

All things considered, I would posit that the Federal Reserve will hike rates by 100 to 125 basis points and, if they were serious, by 150 basis points.

The current Federal Funds Rate is 233 basis points, and the potential target will likely be between 450 and 550 basis points before year-end.

As with all things Fed, the market has taken their probabilistic projections and priced them into their offerings.

Fedwatch-21

Bottom line…

This is a reminder that we have a supply-side problem, not a demand-side one, exacerbated by wasteful government spending, causing stagflation. We need to ramp up production, not curtail consumption -- assuming our logistics chain will support greater economic activity.

The Wall Street Wizards will continue to create their own narratives to generate profitable volatility.

The aftermath of the 75 basis points increase…

Fedwatch-after

As you can see, we could have accommodated another 50 basis points to move closer to a zero neutral stance ajustment.

In my humble opinion, it would have been appropriate to bump the Federal Funds Rate by 125 basis points to 3.58 from 2.33 instead of a cowardly 75 basis points to 3.08. That is if the FOMC Committee wanted to dampen economic activity. Since we have two remaining FOMC meetings left for this year, the target rate for the year might be about 4.58 when it should be a more appropriate 5.50.

But then again, Congress has outsourced fiscal policy to the “experts” at the financial industry-dominated Federal Reserve as they are either too stupid or lazy to deal with the issue as contemplated in the U.S. Constitution.

We are so screwed.

-- Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


THE "SCIENCE" OF PROGRESSIVE COMMUNIST DEMOCRAT SEXUAL POLITICS

In an Orwellian world where up is down and men can think themselves into being women…

The problem with most ideological-driven academics is that they: one, believe they are more intelligent than most everyone else and thus have the moral right to dictate your lifestyle choices; and two, they think that any assertion must be grounded in some defensible argument, thus eliminating historical heuristic lessons and traditions accumulated over thousands of years.

In the realm of sexual argumentation, excluding biological arguments, many academics do not simply accept that incest is wrong and refuse your reflexive, intuitive response, “because it is,” as a valid reason.

Likewise, the same reasoning applies to pedophilia. However, some academics are willing to use historical references when it supports their assertions -- pointing to ancient Greek homosexual pedophilia practices as justification for the allegation that pedophilia is just another “sexual orientation” that falls on a socio-political construct of an LGBTQ+ spectrum.

So why should we be surprised that the progressive communist democrats who want to destroy our nation from within by first destroying our history, traditions, religion, and institutions, argue that the difference between a biological male and female is simply an artificial construct engineered by the white patriarchy to oppress women? Secretly adding, “give us political power, and we will redress these grievances.”

Therefore, it should be of no consequence when a formerly respected scientific magazine, Scientific American, goes woke.

UNSCI-SEX

Consequences be damned...

It is the modus operandi of progressives to ignore a reality embodied in human nature, scientific discovery, history, and tradition. When corrected or challenged, they ignore facts and rational debate -- becoming extremely angry and demanding dissident censorship or cancellation of platform access.  Behavior that can be summed up by the cowardice and groupthink described in "The Emperor's New Clothes."

The objective reality is that there are two biological sexes that are complementary and predisposed to the procreation that propagates our species. To the extent that someone does not conform to traditional science-based definitions does not mean that person should be mistreated or otherwise shunned by society. But it is axiomatically true that aberrant individuals should not legally impose their mindset on the general population in order to gain acceptance or make them feel better about themselves.

To the extent that academics can create their own realities, does not give them the right or privilege to force "We the People" to obediently accept their delusions without pushback.

Another example of progressive idiocy... 

Washington Post fact-checker slammed for calling ‘fetal heartbeat’ a ‘misnomer’ in defense of Stacey Abrams

A video of Georgia gubernatorial candidate] Stacey Abrams referring to the idea of the "fetal heartbeat" as a conspiracy against the pro-abortion rights movement went viral on Twitter Wednesday.  In the clip, Abrams said, "There is no such thing as a heartbeat at six weeks. It is a manufactured sound designed to convince people that men have the right to take control of a woman's body."

In response to an RNC Research tweet about Abrams' comments, Kessler claimed the heartbeat of an unborn baby can only be detected at 10 weeks in a pregnancy, that the fetal heartbeat doctors say can be detected at six weeks is merely "electrical activity generated by an embryo" and the sound is noise "created by the ultrasound" machine.  <Source>

A perversion of science to create a progressive communist democrat sexual narrative of control? 

Bottom line...

Disguising absolute idiocy behind the language of a credentialed academic does not make their assumptions and assertions less idiotic.

As for Scientific American, one of the special publications of my youth, it is now not even an afterthought. “Go woke, go broke!”

We are so screwed when scientists pander to politics and perversions.

-- Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


IS FIRST PREMIER BANK A LEGAL LOAN SHARK?

Loan-shark-1

A little unpleasant business…

Experian, the credit reporting agency, notified me that First Premier Bank in South Dakota had accessed my credit report through Transunion, another credit reporting agency. Since I have never applied for a First Premier Bank credit card, I immediately called them and filed a fraud report. I also filed identity theft reports with the U.S. Postal Inspection Service, the Federal Trade Commission, and all three major credit reporting agencies.

Thinking the issue was resolved, I was surprised to receive a First Premier Bank “Platinum” Mastercard in the mail.

I again called the bank and spoke with their representative, who assured me they could see the first fraud alert and advised me to destroy the card.

But that’s not what pissed me off…

It appears to be a scam. On the mailing carrier form with the attached credit card is a greeting. “CONGRATULATIONS! You have been approved for a First Premier Bank Credit Card.”

I found that I had a ridiculously low $700 credit limit, with available credit of $613.00 as soon as I paid a $55 “Program Fee.”  Somewhat confusing as the First Payment is stated as $30.00. Additionally, “If you pay your initial Program Fee by check, we will hold the payment for up to six days. This means your Credit Account won’t be opened and available to use for transactions for up to 30 days.

Sketchy as hell until I read the accompanying program disclosure form.

Annual Percentage Rate is 36%. 

It appears that usury (exorbitant or illegally high rates) laws are state-specific, and some states do not have any limitations on interest rates as long as they were set by written agreement. Many states cap credit card interest  

“Many states have a usury law which limits the interest rate that a company may charge. Most of these laws capped interest rates at 18%. However, some states, such as South Dakota, do not have a usury law, allowing in-state businesses to charge as much interest as they want.”

According to the Federal Reserve’s G-19 Consumer Credit Report, in May 2022, the average credit card interest rate in the United States on accounts with balances assessed interest was 16.65%.

If you adjust the rate for the risk of default using FICO scores as a guideline, you might see rates like Super-prime (740 and Above)16%-18%; Prime (670-739) 20%-22%; Subprime (580-669) 22%–24%; Deep-Subprime (579 and Below) 24% and above.

Screwed!

With my credit report in their computer and a Super-prime+ FICO score, the bank decision algorithm is either screwing me without first kissing me, or this is what they do to everybody who legitimately applies for one of their cards.

If that was not enough, the bank adds insult to injury with its one-time Program Fee of $55.00, a first-year fee of $79.00 – and after that, $49 annually.

Yes, it gets worse. The disclosure also lists an introductory monthly fee of $96.00 for the first year ($8.00/month), followed by a $124.80 yearly fee ($10.40/month).

Cash Advance fees are 5% of the transaction or $8.00, whichever is greater. Late Payment and Return Item Charges are both up to $39.00.

So if I take $100 out of an ATM, assuming there is no additional service fee, I am charged $8.00 for the privilege, whereas 5% of $100 is $5 – a de facto 8% handshake.

The bank is controlled by billionaire T. Denny Sanford, the wealthiest man in South Dakota.

Bottom line…

Thank your legislators for pretending to support the poor with credit products they cannot afford while enabling financial institutions to bleed them dry.

The lesson here is that bad credit can be turned into big profits.

We are so screwed.

-- Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


FEDWATCHER

All things considered, I would posit that the Federal Reserve will hike rates by 100 to 125 basis points and, if they were serious, by 150 basis points.

The current Federal Funds Rate is 233 basis points, and the potential target will likely be between 450 and 550 basis points before year-end.

As with all things Fed, the market has taken their probabilistic projections and priced them into their offerings.

Fedwatch-21

Bottom line…

This is a reminder that we have a supply-side problem, not a demand-side one, exacerbated by wasteful government spending, causing stagflation. We need to ramp up production, not curtail consumption -- assuming our logistics chain will support greater economic activity.

The Wall Street Wizards will continue to create their own narratives to generate profitable volatility.

We are so screwed.

-- Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


THE 20+ YEAR EMERGENCY DECLARATION THAT DRIVES THE DEMOCRAT POWER GRAB

With politicians, in general, and progressive communist democrats, in particular, it is all about real or imagined crises to usurp power and spend taxpayer funds using “the emergency” to create a sense of urgency that demands the suspension of customary rules and safeguards.

Rahm

Biden extends an emergency order passed 20 years and 11 months ago…

Notice on the Continuation of the National Emergency With Respect to Persons who Commit, Threaten to Commit, or Support Terrorism

On September 23, 2001, by Executive Order 13224, the President declared a national emergency pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States constituted by the grave acts of terrorism and threats of terrorism committed by foreign terrorists, including the terrorist attacks on September 11, 2001, in New York and Pennsylvania and against the Pentagon, and the continuing and immediate threat of further attacks against United States nationals or the United States.

On September 9, 2019, the President signed Executive Order 13886 to strengthen and consolidate sanctions to combat the continuing threat posed by international terrorism and to take additional steps to deal with the national emergency declared in Executive Order 13224, as amended.

The actions of persons who commit, threaten to commit, or support terrorism continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States. For this reason, the national emergency declared in Executive Order 13224 of September 23, 2001, as amended, and the measures adopted to deal with that emergency, must continue in effect beyond September 23, 2022. Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency with respect to persons who commit, threaten to commit, or support terrorism declared in Executive Order 13224, as amended.

This notice shall be published in the Federal Register and transmitted to the Congress. <Source>

Yes, we still have global terrorism and the threat of domestic terrorism…

Terrorism, especially terrorism based on religion and ideology, has been with us for centuries and will always be with us. In the United States, we are especially vulnerable due to the individual protections of the U.S. Constitution. It is not unusual for our enemies to use our own laws against us. (Saul Alinsky’s Rules for Radicals “#4 -- Make the enemy live up to its own book of rules.”)

But, if you haven’t noticed, the progressive communist democrats have made America more vulnerable to terrorism by violating the U.S. Constitution and failing to enforce federal immigration laws. We have a wide-open Southern border, and it has been officially acknowledged that terrorists have been apprehended crossing into our country.

42 Suspected Terrorists Have Been Apprehended at Our Southern Border Since Biden Took Office

Since Joe Biden took office and started implementing his radical open border policies, 42 people on the terrorist watchlist have been apprehended attempting to enter the United States through our southern border illegally.

Even more disturbing is that earlier this week, White House Press Secretary Jen Psaki could not guarantee that none of the OVER 2,000 illegal immigrants a day who avoid U.S. Customs and Border Protection (CBP) capture entering our southern border were on the terror watch list. <Source>

Moreover, due to the catastrophically bungled surrender of Afghanistan, unvetted individuals, including terrorists, have entered the United States via an unsupervised airlift.

Inspector general says DHS allowed unvetted, dangerous Afghans to reach the U.S.

The Homeland Security Department failed to fully vet some of the Afghan evacuees it brought into the U.S. during last year’s airlift, the department’s inspector general said in a devastating audit, which warned that some people who “posed a risk to national security” were indeed let into the country.

One evacuee, just liberated from prison by the Taliban, was cleared to reach the U.S. Another reached the U.S. and was released, only to have the FBI conclude three months later that the evacuee “posed national security concerns.”

The evacuation was constructed so hastily that the department wrote procedures on the fly, with screening decisions made “on an ad hoc basis,” said the audit, released Tuesday.

“As a result, DHS paroled at least two individuals into the United States who posed a risk to national security and the safety of local communities and may have admitted or paroled more individuals of concern,” the inspector general concluded. <Source>

As for those domestic terrorists…

Dhs-warningThe Biden Administration is pressuring the F.B.I. to find “white supremacist terrorism” cases to support their racial narrative and the crackdown on white conservative Trump supporters. Therefore, I am not surprised that the F.B.I. appears to have a pattern and practice of creating terrorists, often to the point of false entrapment.

Overlooking the Black supremacist terrorism that saw organizations like the communist front groups Black Lives Matter and Antifa damage more than $2 BILLION in public and private property as they wreaked murder and mayhem across the United States with little or no government pushback. And what about the large armed Black militia associated with the Black separatists known as the Nation of Islam?

And, let us not forget that the greatest act of domestic terrorism, the bombing of the Alfred P. Murrah Federal Building in Oklahoma City, Oklahoma, was pushback against the F.B.I.’s egregious killing of men, women, and children at Waco (1993) and Ruby Ridge (1992) – both staged media events precipitated by an F.B.I. sniper Lon Horiuchi, who was the original target of the bombers.

Bottom line…

Remember, it only takes one terrorist or terrorist-wannabes to ruin your whole day and cause life-altering damage to your fellow citizens.

It is time to review the Patriot Act, Presidential Executive Orders, and Emergency Orders since we have observed significant government abuse of power, the commission of impeachable offenses, and the weaponization of our nation’s premier intelligence and law enforcement agencies concurrently with the politicization of agencies and institutions.

You cannot use laws to protect against criminals, crazies, and terrorists.

Maintain situational awareness and decide if you are willing to fight or die on your knees begging for mercy.

Please support our local law enforcement as they remain a bulwark between anarchy and civil order.

To say we are screwed is an understatement.

-- Steve 


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


OUR ENEMIES ARE OPERATING OPENLY IN AMERICA AND HAVE CAPTURED THE DEMOCRAT PARTY

Once again, the Brookings Institution and the corrupt Democrat Party are in the news.

CPD

Top Foreign Funder Of Transnational Terrorism Funds Think Tank That Staffs Democrat Presidential Administrations
Too many think tanks receive undisclosed foreign funding from countries hostile to the U.S. and our interests.

American policy makers, law enforcement, and intelligence agencies often rely on U.S.-based think tanks for research and policy recommendations. While many institutions produce academic products with intellectual sovereignty and moral integrity, too many receive undisclosed foreign funding from countries hostile to the United States and our interests.

Funding from these countries is generally associated with a quid pro quo. For this funding, the think tank provides analysis that is less than objective, which may lead to devastating international and national security consequences.

The looming threat of the revival of 2015 Joint Comprehensive Plan of Action (JCPOA) should compel the examination of American think tanks’ relationships with subversive regimes, such as Iran. Among the leading think tanks pushing for reinstating the JCPOA is the Qatari-funded Brookings Institution.

[OCS: The JCPOA is an Obama creation to boost Iran’s creation of a nuclear weapon that can be mounted on a ballistic missile to not only threaten their Middle East neighbors, but the continental United States. Obama, an un-American, anti-white, anti-Semite, has channeled billions into this state sponsor of international terrorism – full well knowing that Iran has openly attacked U.S. troops.

And, unlike the leadership of Pakistan and North Korea, the Mullahs operate a subscribe to a death cult whose religion commands the elimination of Jews and a major catastrophe to aid the return of their hidden religious leader to unite the world under Islam. The Democrats continue to negotiate until Iran demonstrates they have nuclear weaponry—while preventing an Israeli strike on Iran’s nuclear facilities until it is too late.

Likewise the Democrats continue to support Pakistan, a Muslim country that harbored Osama bin Laden and other enemies while taking our money.]

Brookings is a top incubator of staffers for Democrat presidential administrations, including the current Biden administration.

[OCS: One need only consider the individuals associated with the Brookings Institution and the attempt to destroy Donald Trump and control Ukraine, one of the most corrupt and unreliable players in the Eurasian theater.

Among the names you will find with connections to the Brookings Institution are Nelson Strobridge "Strobe" Talbott III , Cody Shearer (Hillary's free-lance political fixer who wrote his own version of the dossier), Susan Rice, Fiona Hill, Igor Danchenko, Victoria Nuland, Benjamin Wittes, Christopher Steele, Jake Sullivan, and many others.]

In 2013, Qatar’s mediation between the Taliban and the United States resulted in the release of Taliban mass murderers and war criminals from prison and led to the opening of the Taliban’s “political” office in Doha. Negotiations with the Taliban ultimately resulted in handing Afghanistan to the Taliban to run it as a jihadist base for transnational terrorism.

[OCS: This is almost as insane as requesting the Communist Chinese and Russians to mediate U.S. nuclear negotiations with Iran.]

Qatar Funded the Brookings Institution

Also in 2013, according to The New York Times report, Qatar provided a “$14.8 million, four-year donation” to the Brookings Institution. Not coincidentally, the following year Brookings began a disinformation campaign on behalf of the Muslim Brotherhood.

Last June, the FBI seized electronic data from John R. Allen, a retired four-star general who led U.S. and NATO forces in Afghanistan prior to becoming the president of Brookings from November 2017 until June of this year. Federal prosecutors obtained records indicating that Allen, while serving as Brookings’ president, “secretly lobbied for the government of Qatar, lied to investigators about his role and tried to withhold evidence sought by a federal subpoena.”

Court documents revealed “substantial evidence” that Allen’s violations of the Foreign Agents Registration Act (FARA) were “willful.” While these allegations were levied against Allen, they should have also included Brookings. After all, Brookings was the conduit through which Qatari funds and influence were peddled.l

<Source>

Bottom line…

It’s time to reform our State Department and the nation’s formerly premier intelligence and law enforcement agencies which are more interested in Donald Trump and spying on Americans than fighting our enemies, foreign and domestic.

It is also time to realize that the modern Democrat Party is a clear and present danger to America and its connected think tanks.

We are so screwed.

-- Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS