Previously published on this site on May 27, 2019. ~ Ed.

The one and ONLY answer to the debt problem is to declare it null and void because of FRAUD. It is fraud because it is mathematically impossible to repay. It can not be repaid because the interest is never created on the loan and that is fraud and fraud voids all. If we don’t void all out of thin air debt the bankers will own almost EVERYTHING… and we will be homeless slaves!

They have a license to counterfeit. Can I counterfeit the money to repay the loan? Why not? If we even attempt to repay a impossible debt (the national debt) all we do is show our ignorance. Continue reading →

The two fuels are competing for the same barrel of oil

The pain for consumers and truck drivers continues at the fuel pump. The average price of both regular gas and diesel fuel hit record highs this week and show no sign of slowing.

According to AAA, the national average price of regular gas is $4.40 a gallon, while the average price of diesel is $5.55 a gallon. One reason for the surge is the high price of oil, which is a result of the shortage caused by the loss of Russian petroleum from the market. Continue reading →

Inflation is up 8.3%, but the man most responsible has nothing but scapegoats.

8.3% inflation is now good news. Think about that one for a moment.

Today’s inflation report is terrible news, of course, because for yet another month under Joe Biden, inflation is sky high. And even though April’s 8.3% annualized rate is less than March’s 8.5% — the first monthly decline in eight months — it once again exceeded the expectations of “experts,” the economic dolts who continue to be unable to see what the rest of us do quite clearly. Continue reading →

As Ronald Reagan famously said, “Well, there you go again.”

Team Brandon has just promised another $33 Billion in military and humanitarian aid to Ukraine. That’s $33 Billion more than they have in the checkbook. But of course their bank (otherwise known as the Federal Reserve) has a very liberal overdraft policy. It will simply print up and/or borrow another $33 Billion and add it to our debt. Or should we say, our children’s debt. Continue reading →

The big question many taxpayers are asking now is: “Where’s my refund?”

Tax refund illustration isolated on white background

Taxpayers waiting for refunds find little help from IRS’s ‘Where’s My Refund’ tool

You’ve got a shot at getting straightforward answer via IRS.gov. But then again, maybe not. Many taxpayers — who can’t get through the jammed phone lines at the Internal Revenue Service — are complaining that the “Where’s My Refund?” tool isn’t helping them, either, according to critics.

“If they use the ‘Where’s My Refund?‘ or ‘Where’s My Amended Return?‘ tools, they get in essence, technologically, what would be a shrugged shoulder,” U.S. Rep. Jody Hice said during a House Oversight and Reform subcommittee hearing April 21.

The Georgia Republican said his office has heard from taxpayers who are “absolutely at their wit’s end.” Continue reading →

“Thus we see how the neo-liberal utopia tends to embody itself in the reality of a kind of infernal machine, whose necessity imposes itself even upon the rulers. Like the Marxism of an earlier time, with which, in this regard, it has much in common, this utopia evokes powerful belief – the free trade faith – not only among those who live off it, such as financiers, the owners and managers of large corporations, etc., but also among those, such as high-level government officials and politicians, who derive their justification for existing from it.

For they sanctify the power of markets in the name of economic efficiency, which requires the elimination of administrative or political barriers capable of inconveniencing the owners of capital in their individual quest for the maximisation of individual profit, which has been turned into a model of rationality.

They want independent central banks. And they preach the subordination of nation-states to the requirements of economic freedom for the masters of the economy, with the suppression of any regulation of any market, beginning with the labour market, the prohibition of deficits and inflation, the general privatisation of public services, and the reduction of public and social expenses.”

Pierre Bourdieu, L’essence du néolibéralisme

Attempting to slow down the economy and subdue inflation, the Federal Reserve has already raised interest rates by 25 basis points and is expected to raise rates by 50 basis points at each of its next two meetings in May and June.

“Right now, the wealth effect still dominates the way we engineer economic growth to make sure the balance sheets of consumers become stronger. As asset prices keep going up, consumers’ liabilities, debt and leverage get cheaper,” explained Alfonso Peccatiello, Author of The Macro Compass. “If equity or housing prices drop by 50%, it will be a destruction of wealth generated by two generations, because of this loss of wealth effect. Nobody wants to see this happen.” Continue reading →