Libertarian Leanings

Bits And Pieces

Trump Now One With Countless Essential Workers

Joe Biden, after spending a lifetime as a globalist and a parasite who feeds on the ideas of others, is now scrambling to Xerox the Trump agenda with the zealotry of a late convert. He is suddenly blabbering about “buy American” and “hire Americans” and “stand up to China”—words never uttered in the past five decades of Biden’s so often self-referenced career.

 

The Civil Rights Legend Who Opposed Critical Race Theory

As Dr. Walker tried to make clear, thinking in terms of blocs of people, rather than of people as individuals, leads to a whole set of insidious results. How can two people bind together in friendship if they are members of power blocs that are presumed to be inherently opposed? How can a person prove his innocence if he is branded as inevitably a part of a guilty group? Why should an individual strive to succeed by individual merit if group dynamics are presumed to be overwhelming and inescapable? How can we ever find peace among the races and religions if we won't look to each other, person by person, based on actual facts and actual intentions?

 

Why African Americans should be very, very mad at the Democratic Party

That all might help explain why it is that the Democrats, especially those governing our major cities, have done so little for black communities. They want them to be dependent so they can continue to be useful. They need their hard-won moral capital to reinvigorate their Marxism—and that means, by the way, that black Americans must not be allowed to rise into the middle class. America has been resistant to both Marxism and Socialism for so long precisely because of its large middle class. But as long as black Americans do not rise into it, the undeniable injustices of slavery and racism can be used to provide moral legitimation for Marxism.

 

Horowitz: Minneapolis residents scared to leave their homes as city on the brink

The message has essentially been telegraphed that law and order is a racist concept, and so long as anyone acts violently in the name of "racial justice," it is forgiven or even encouraged. The black communities closest to the violence are paying for this a lot more than the gated communities of politicians.

 

Trump Is the Integrity Candidate

The burning question that historians will pose is why this president who has achieved so much and has been so unjustly assaulted by perversions of the justice system and unprofessional press biases is now in what appears to be an uphill struggle for reelection. The foibles of his often overly bombastic and even self adulatory personality do not alone explain this.

If Biden, after a 47-year Senate career highlighted predominantly by plagiarism, grift, and gaffes, manages to win this election it will be a monumental gaslighting achievement of the mainstream media,

 

The Week Washington Went Third World

Coups historically begin with the plotters seizing the means of communication. By 2016, the major media had long since been seized.

 

The Fed’s Quest for Higher Inflation: What Could Go Wrong?

The following article was provided by Stefan Gleason, President of Money Metals Exchange.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The Federal Reserve is warning investors in no uncertain terms that higher rates of inflation are coming. Yet markets, for the most part, have disregarded that warning.

Bond yields, for example, remain well below 2% across the entire duration range. Stock market valuations continue to reflect a sanguine outlook for inflation. And crude oil futures suggest limited upside pressure on prices.

It seems the Fed has a credibility problem.

In August, Fed Chairman Jerome Powell announced that the central bank would begin targeting an inflation “average” of 2%.

By the Fed’s measures, inflation has been running below 2% in recent years. So getting to a 2% average in the years ahead will require above 2% inflation for a significant period.

In September, St. Louis Fed president James Bullard doubled down on higher inflation. He said the combination of loose credit, huge government deficits, and supply bottlenecks caused by coronavirus lockdowns could cause an unexpected surge in price levels.

Billionaire hedge fund manager Stanley Druckenmiller is worried that the U.S. dollar will lose purchasing power much more rapidly than the 2% “average” the Fed is currently telegraphing. Druckenmiller recently said he sees inflation rates likely rising to 5% or perhaps even 10%.

The Fed’s credibility problem could quickly morph from one of not being taken seriously on the risks of higher inflation... to one of not being trusted to keep it contained.

Perhaps gold investors know something that bond holders and most Wall Street analysts don’t.

The gold market surged to a new all-time high in August before selling off in September. The major bull market appears to be intact, however, which means the next rally could lead to higher highs still.

If gold is a leading indicator of rising inflation – i.e., falling confidence in the value and credibility of the U.S. dollar – then investors should expect other assets to follow gold’s lead.

Instead of enjoying endlessly rising equity values, they may suffer from relentlessly rising food, fuel, healthcare, and other costs of living.

The upshot is that investors can own hard assets that may be set to follow gold to new all-time highs of their own in the months and years ahead.

Silver and platinum, for example, remain relatively cheap. They could each double in value from their current levels in terms of dollars and still have room to run before making new nominal highs – let alone real (inflation adjusted) highs.

Gold and Silver’s Response to Inflation Should Be Spectacular

If inflation expectations fundamentally shift from doubt that the Fed will ever achieve its 2% “average” to fear that it might overshoot, then precious metals could see a spectacular rise.

They won’t merely go up a few percent to reflect a gradual rise in inflation. They will go up multiples to reflect surging investor demand for safe havens.

We saw a preview of that phenomenon in the first half of the year in the midst of coronavirus lockdowns.

Demand for bullion went bonkers, sending spot prices and coin premiums sharply higher in a very short amount of time.

A new inflation upcycle can be expected to last much longer and produce much more dramatic results on the charts for metals.

The last true mania phase in gold and silver occurred during the inflationary late 1970s. History doesn’t repeat exactly, of course, but it does give us a rough guide for what could unfold for investors facing a similar environment:

• Severe real losses on cash savings, bonds, and other fixed income instruments.
• A sluggish stock market that fails to keep up with inflation, except for a few select sectors.
• A spectacular rise (and eventual fall) in precious metals prices.

Yes, manias do ultimately end badly. But in the case of hard assets like silver, which have been depressed for years, they are far closer to a major bottom than to a mania peak.

As long as the Fed remains committed to depreciating the currency at a more rapid pace and punishing savers with negative real interest rates (it has vowed to keep its Funds rate near zero through 2023), the major trend for precious metals should remain HIGHER.

 

 

 

About the Author:

Stefan Gleason is President of Money Metals Exchange, a precious metals dealer recently named "Best in the USA" by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC and in hundreds of publications such as the Wall Street Journal, The Street, and Seeking Alpha.

Indoctrination

The video below comes by way of The New Neo who walked away from the Democratic party some time ago:

"It’s long, and I originally had planned to only watch a bit of it. But this woman’s story riveted me. She is extraordinarily good at describing the process of indoctrination and then the ever-so-slow flickers of doubt and awakening, and then the quicker change as the evidence piles up, and the resistance to and then acceptance of the change. Naturally, I could identify, and although the details are quite different (the era and her age and life experience), her story is very very close to being my own story, in some basic sense."