SKYE’S LINKS 08/25/22
What many ‘Crats really want: to mostly or completely rewrite the Constitution – or eliminate it:
The 2020 census was admittedly seriously incorrect, giving an undeserved House and Electoral College vote benefit of 6 seats and 4 EV’s to the ‘Crats. The Census Bureau over counted Delaware by over 5% and under counted Arkansas by over 5%. The ‘Crats will continue to benefit from this for a decade, and there is no apparent legal remedy.
The US government’s General Services Administration packed the boxes of Presidential documents sent to Mar-A-Largo, not Trump’s appointees. And the FBI didn’t know this before their Gestapo raid?
Jonathan Turley on the Mar-A-Largo raid:
It is time for Red States to adopt the Blue States’ policy of refusing to cooperate with the Federalies on selected issues:
Huge win against corporate vax mandates on both religious and medical exemption grounds in Fifth Circuit Court:
Good news! It sure looks like we have passed Peak Greta:
More good news! From Turley: This coordination between the CDC and Twitter makes Twitter a government agent, and hence Twitter is subject to the First Amendment, at least in so far as this extensively censored subject matter is concerned:
And really good more! Texas bans the state and its subsidiaries doing business with anti-fossil fuel ESG banks and investment firms; this involves many billions of dollars of pension funds:
Got food? It isn’t just most of the farming and ranching areas of the US that are suffering from a severe drought; Europe is being hit very hard, too:
For investors and small business owners; quiet quitting and declining productivity:
For investors; if you think that productivity is bad now, just wait a few years. With Blue State education as terrible as this, what are the chances of maintaining even a 20th century economy, let alone a 21st century high tech one?
For Investors; what the Fed has done to inflate our money supply. Federal debt service is almost $1B a day now. With rising interest rates and the federal budget continuing to spend trillions more than it gets in taxes, how soon will it be that interest on the federal debt exceeds all federal revenue? Note: in 2021, the feds took in $4.05 trillion and spent $6.82 trillion or 68% more
For investors; not only has there been a huge inflation in our money supply, but there are also severe constraints on the supply of productive labor, and there are lots of other supply side constraints as well. Xiden, not Reagan, is now President:
For investors; Xiden’s “Inflation Reduction Act” (Build Back Badder V2.0) is creating an inevitable catastrophic collusion with a poor cold hungry future, and its coming soon.
It is subsidizing intermittent sources of power, which will result in both a deficit in investment in new reliable power sources and worse yet, both a reduction in maintenance and the closing down of extant non-intermittent power generation. In other words, those many hundreds of billions of green subsidies will case malinvestments galore that will further increase the costs of energy and its reliability:
For investors; the road ahead involves more stagnation, inflation, recession, and interest rate increases. A lot more. Historical equilibrium 10 year Treasury bond interest rates have averaged about 3-4% above inflation, and have had to be much higher to reduce high inflation.
If one measures CPI the way it was calculated in 1980, inflation now is about 16%, which is much worse than it was then – and Fed Chairman Volker had to raise the prime rate to 20% to bring that lesser inflation under control. With a 30 trillion national debt, such a high interest rate is utterly unaffordable.
We have a very long way to go, and most investors – along with almost a majority of professional economists (see below) – are seriously unrealistic and overly optimistic in their appraisal of the next few years economy. The misery of the American electorate will be far worse by November 2024 than in the upcoming election.
Meaning, if the GOP wins the House & Senate this November, it’s a sure bet the Dems will blame it on them for the ensuing two years.
How about this for horrific? So disgusted with East Coast liberals when running for president in 1964, Barry Goldwater quipped, “Sometimes I think this country would be better off if we could just saw off the Eastern Seaboard and let it float out to sea.”
Now that a new poll reveals that an overwhelming majority of registered voters in California want abortion until birth to be legal, you can bet that Goldwater today would say, “Saw off the Pacific Seaboard instead.”