Entries Tagged 'Government' ↓

Are Vaccines the Answer?

Thanks to the incessant drone of the media and and social media this century there is a huge split between the “right” and “left” in the U.S.

I look at that split and I feel it only goes to serve the ends of the wealthy to become even wealthier at the expense of the rest of us. Here’s how.

Coronavirus-19 seems to have accelerated that split even faster as we watch the death count in our country rising more and more each day. 

If you don’t believe that corruption lies in D.C. take a look at the chart I just posted on Brucenomics. 

In four weeks, the cream of trillions of dollars was skimmed off by Wall Street, while our President said, “Let them drink disinfectant,” and he urged us to go on contaminating each other by not wearing masks. 

Now on the second-and third- rounds of the “stimulus”, things haven’t changed much. Public corporations are getting money and so are foreign students. The death rates are still underestimated and tests and PPE supplies undelivered.

Now our President is promising a miracle cure in just months. Let’s take a look at the left and right responses to this. Continue reading →

Word of the Day – Helicopter Money

Definition of Helicopter Money

“Helicopter money is a proposed unconventional monetary policy, sometimes suggested as an alternative to quantitative easing when the economy is in a liquidity trap”. Wikipedia

This term, invented by Milton Friedman, conservative Economist at the University of Chicago in 1969 to explain how economic stimulus works works, means just what this image brings up. A whole lot of minted money dropped out a helicopter which blows it around to those on the ground.

But where is that ground and who is getting that money?

When we got out of the Financial Crises in 2007, the Fed had $3 to $4 trillion in debt on its books. Get ready for what it has on its balance sheet now—6.37 trillion dollars!

“Since March 11, the Fed created $1.77 trillion and handed it to Wall Street either by purchasing financial instruments or as loans. The sole purpose of this was to inflate asset prices and bail out asset holders.” (Wolf Street, “QE 4 Cut in Half….Fed’s Helicopter Money for Wall Street & the Wealthy Hits $1.8 Trillion in 4 Weeks” 4-9-2020)

Continue reading →

Where Are THE MEDIA? We’re being ATTACKED!

Our Country is BEING ATTACKED!

By whom?  by Saudi Arabia and Russia. Have you heard anything about this? Other than that the U.S. oil producers have been driven into paying their customers to take their oil so they can avoid storage costs for it? Do you know what caused this glut on the market? Probably not!

In mid spring 2020 Saudi Arabia sent 20 oil tankers speeding towards the Gulf Coast of the U.S. They are planning to arrive in Texas and Louisiana in May in order to flood the oil market in the U.S. and drop prices of U.S. oil even further than today’s prices.

This in a time when streets in the country are filled with parked cars that are not going anywhere! Continue reading →