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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Category Archives: News and Notes

Updates, new commentary, announcements, and more. Enjoy!

Sorcery “Goes Back Decades”

07 Thursday Nov 2019

Posted by perrinlovett in News and Notes

≈ Comments Off on Sorcery “Goes Back Decades”

Tags

economics, Federal Reserve, fiat money, QE infinity!, sorcery

It is QE Infinity! The New York Fed’s funny money giveaway program was supposed to end on Monday. Instead, today the WSJ treats us to uncannily shoddy journalist revelations of a continuing nature.

The New York Fed added $115.14 billion to financial markets via temporary operations on Thursday.

The liquidity additions came in two parts. One was an overnight repurchase agreement with eligible banks totaling $80.14 billion, and the other was via a $35 billion 14-day repo. Eligible banks didn’t take all the liquidity offered by the Fed in the one-day operations, but in submitting $41.15 billion in Treasurys and mortgages for the latter operation, their interest in securing liquidity exceeded what the Fed was willing to provide on Thursday.

Fed repo interventions take in Treasury and mortgage securities from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the bonds. The Fed’s injections are aimed at ensuring that the financial system has enough liquidity and that short-term borrowing rates remain well-behaved.

Recent Fed market interventions aren’t designed to serve as stimulus. While the sizes of recent operations are large, the practice of adding and subtracting liquidity from short-term markets to manage short-term interest rates goes back decades. The Fed is also buying Treasury bills to increase the size of its balance sheet and to add permanent liquidity to the financial system, and it hopes that effort will reduce the need for large temporary interventions.

Not a stimulus, just a behavior modification. Okaaaaay. Adding massive permanent liquidity (to a supposedly healthy system, well-behaved) in lieu of temporary interventions. Hmmmm.

Make of all that what you will. At this point, the dates, numbers, and words simply cannot be trusted. It was $165 Bn per day for 50 days. Now, is it $165 Bn for 53? Or, is it $115 Bn for 53? Or something else forever? Splitting the crazy differences … $140 Bn for 51.5 days = $7,210,000,000,000.00*. Or, they are now printing the fiat at the rate of 1 2019 GDP every five months. Or! 1 2019 SLFR BASE every three weeks. King Midas would be jealous.

*If it is 165/53, then we’re at $8.745 Trillion through today.

Soon…

Why is “raise taxes” always the go-to?

06 Wednesday Nov 2019

Posted by perrinlovett in News and Notes

≈ Comments Off on Why is “raise taxes” always the go-to?

Tags

debt, economics, taxes, War

Another Boomer reads from the worn, old script.

Dalio, who founded the hedge fund in 1975, told CNBC from the Greenwich Economic Forum that the national debt, pension liabilities and health-care liabilities will ultimately have to result in higher taxes since defaulting isn’t an option.

“We’re dealing with almost a currency issue, longer term, in terms of what is the value of currency when those liabilities – not only the debt liabilities, but the pension liabilities and the health-care liabilities, which are like debt. They are promises that have to be paid – they will either be paid by higher taxes or they’ll be not paid and defaulted on,” he said.

“I don’t think they will be defaulted on,” he added. “I think by and large they’re going to be paid, but if they raise taxes too much, then it changes the nature of that economics.”

Category error. It’s not “almost a currency issue.” It’s not economics. It’s sorcery. Including everything that could be a liability, there isn’t enough wealth left to tax. Default is a given. The choice is to do it peaceably and gracefully or to suffer collapse and war. And, war is the default condition.

Let’s Save the Planet

05 Tuesday Nov 2019

Posted by perrinlovett in News and Notes

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Tags

communism, evil, global warming, population control, science

The communists global warmongers climate scientists know what is best! And that is fewer humans.

Now, four decades later, a larger group of scientists is sounding another, much more urgent alarm. More than 11,000 experts from around the world are calling for a critical addition to the main strategy of dumping fossil fuels for renewable energy: there needs to be far fewer humans on the planet.

“We declare, with more than 11,000 scientist signatories from around the world, clearly and unequivocally that planet Earth is facing a climate emergency,” the scientists wrote in a stark warning published Tuesday in the journal BioScience.

While warnings about the consequences of unchecked climate change have become so commonplace as to inure the average news consumer, this latest communique is exceptionally significant given the data that accompanies it.

When absorbed in sequence, the charts lay out a devastating trend for planetary health. From meat consumption, greenhouse gas emissions and ice loss to sea-level rise and extreme weather events, they lay out a grim portrait of 40 years of squandered opportunities.

The scientists make specific calls for policymakers to quickly implement systemic change to energy, food, and economic policies. But they go one step further, into the politically fraught territory of population control. It “must be stabilized—and, ideally, gradually reduced—within a framework that ensures social integrity,” they write.

Hey, great! I know of 11,000 people we could start with.

The “Darker Aspects” of Financial Sorcery

04 Monday Nov 2019

Posted by perrinlovett in News and Notes

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Tags

collapse, depression, economics, sorcery

As if there’s any other kind. A good look at them and at what’s coming: The End of Money.

Money vs Real Wealth

I happen to know a good deal about our current system of money; how it is created, how it functions, its benefits and its darker aspects. I find it critical to remember that it isn’t actually “real”. Rather, it is a concept. Specifically, it’s a social contract. An agreement. Albeit one enforced at the end of a gun – or, as seen here, an eviction sheriff enforcing the local tax codes:

So while money isn’t “real” in itself, we value it because it is a claim on real things.

Having a lot of it currently entitles you to a great deal of privileges and power, which are a direct outcome of the spending of that money.

Money can be converted into houses. And cars. And massages. Also groceries, electricity, cell phone services and prescription drugs. These and ten billion other things are what money allows you to buy — the things you actually need or want.

So money is the means, but it is not the real wealth. ‘Real wealth’ is the things that money enables you to acquire.

Read on. There’s a reason I frequently rant about this stuff. Look at those charts. Prepare.

White Toxicity in the Air: Algebra is Racist

03 Sunday Nov 2019

Posted by perrinlovett in News and Notes

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Tags

decline, diversity, education, schools

Get your kids ut of the failed government schools! The Daily Caller has an excellent omnibus article on the rot:

Local school systems across the country are proposing radical changes in the name of reducing demographic-based achievement gaps.

Parents who support Democrats at the federal level have recoiled at what they view as identity politics gone too far.

School systems in Washington state, Maryland, New York, Minnesota and Virginia are among those where radical agendas have become a flash point in schools, with parents fearing their children’s educations will suffer.

None of this is new or surprising unless you’re a boomer just awakened from your g-g-generational slumber. But, it’s a good running review. Read all about the “nonbinaries,” the white toxicity in the air, and those fairly radical atheists. Remember that all of these educrats and vultures, who run the schools, are themselves either mentally retarded, mentally ill, or purely evil.

A Weekly Preview

03 Sunday Nov 2019

Posted by perrinlovett in News and Notes, Other Columns

≈ Comments Off on A Weekly Preview

Tags

education, fiction, The Substitute, TPC

This week’s TPC column will consist of yet another series of education stats and comments, somewhat related to today’s feature here – coming along shortly.

Also, I’m slowly working my way through the Kindle version of The Substitute as well as writing a prequel novella. Those you won’t want to miss. The work would go faster but for my stuffy nose and headache.

Will Sorcery Affect the Food Supply?

01 Friday Nov 2019

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on Will Sorcery Affect the Food Supply?

Tags

debt, economics, farmers, farms, food, sorcery

At a time when Americans are obviously eating more than ever, the farm industry requires massive subsidization.

The Agriculture Department projects that farm incomes will reach $88 billion in 2019 but nearly 40% of that — $33 billion — will come from trade aid, disaster assistance, the farm bill and insurance indemnities, according to a new report by the American Farm Bureau Federation (AFBF).

Why it matters: Farmers — a critical constituency for President Trump in the 2020 presidential election — are feeling the squeeze from China’s retaliatory tariffs, extreme weather and record-high farm debt that’s driving farm bankruptcies.

By the numbers: In a 12-month period ending in September 2019, Chapter 12 farm or fishery bankruptcies totaled 580 filings, up 24% from a year earlier and the most since 2011, when 676 chapter 12 bankruptcies were filed.

Wisconsin experienced the highest Chapter 12 bankruptcy filings at 48 filings, followed by 37 filings in Georgia, Nebraska and Kansas.

Iowa, Kansas, Maryland, Minnesota, Nebraska, New Hampshire, South Dakota, Wisconsin and West Virginia reported Chapter 12 bankruptcy filings on par with or above 10-year highs

One wonders if the banksters eat too. And this is all during the “boom” times.

Treaties are for Allies

30 Wednesday Oct 2019

Posted by perrinlovett in News and Notes

≈ Comments Off on Treaties are for Allies

Tags

academia, college, education, SJW

One does not make them with one’s enemies. Conservatives never get that. Tom Dilorenzo explains the rot:

Niall Ferguson ends his op-ed with a call for a “Nonconformist Academic Treaty” among university faculty and administrators who still defend freedom of speech. The communistic academic censors must be confronted with “massive retaliation,” just as the Soviet Union was threatened with such by NATO during the Cold War, he says. This is what he means when he says that “we” must hang together or hang separately.

Such a “treaty” would likely garner very few signatures because of the fact that, with few exceptions, American academe is a socialist institution. Almost every last college and university is partly or totally funded by government, and with government funding comes government control of the means of production, the very definition of socialism. Almost all university professors are therefore essentially government bureaucrats and, like all bureaucrats, they understand that the way to survive is to never, ever, break the rules or rock the boat, no matter how rotten the rules may be. They understand that if they do, the Red Army of Mediocrities will take its revenge, fire them if possible, or at least never again give them a merit pay raise. They may also end up being assigned an 8 A.M. class on the main campus along with an evening class at one of the far-away branch campuses on the same day as an added touch of petty revenge.

University boards of trustees are mostly useless since they are easily bamboozled, lied to, or intimidated by academic administrators. Many of them remain quiet, for to complain and not be asked back as a trustee may harm their social lives. (At my own place of employment alumnus Tom Clancy, the famous author, once complained at a trustee meeting that the tuition was so high that the son of a mailman like himself could never afford it. He was dropped from the board the next year). There are no shareholders since universities are either government bureaucracies or “nonprofit” institutions, so there is no shareholder pressure either. It is even confusing as to who the real “consumers” are since the students who sit in the classrooms are rarely the ones paying the extortionate tuition bills – at least until they graduate and are confronted with mountains of government-guaranteed student-loan debt.

If you’re reading The Substitute, then know that, in the end, Tom relocates to a small private college and from it opens the ultimate classically-based private prep school. Small schools. Private schools. Homeschools. Big Ed, Inc. is really no better than the “public” K-12 mess. Get out.

The Sickly Tower of Babel

30 Wednesday Oct 2019

Posted by perrinlovett in News and Notes

≈ Comments Off on The Sickly Tower of Babel

Tags

America, decline, demographics, health

Lifespans decline as waistlines increase.

From 1999–2000 to 2015–2016, the age-adjusted prevalence of obesity among men increased from 27.4% to 38.1%. For American woman, the situation is even worse — the prevalence of obesity among them increased from 33.3% to 41.2%.

Adult obesity is correlated with higher death rates as it often is associated with increases in hypertension, high cholesterol levels, type 2 diabetes, and other health conditions which limit ones functionality such as asthma, sleep apnea, and joint problems.

That’s 38.1% and 41.2% obese (really fat). Adding in those merely overweight and it’s something like 75% of the population. And, despite the lies of 1965, that population keeps changing in other ways too.

A record 67.3 million U.S. residents speak a foreign language at home, the latest sign of the growing influence of immigrants on American culture.

Census Bureau data shows that homes that do not speak English first grew seven times faster than those that do.

The data, analyzed by the Center for Immigration Studies, found that in the top five American cities, an average of 48% speak a foreign language at home, mostly Spanish or Chinese.

And in 90 major cities, more than half speak a non-English language at home.

The analysis said, “The Center for Immigration Studies finds that 67.3 million residents in the United States now speak a language other than English at home, a number equal to the entire population of France. The number has nearly tripled since 1980, and more than doubled since 1990. The growth at the state level is even more pronounced. All language figures in Census Bureau data are for persons five years of age and older.”

Well, at least we have a sane fiscal and monetary policy…

The Insidious Evil: When the Unbelievable is 100% True

30 Wednesday Oct 2019

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on The Insidious Evil: When the Unbelievable is 100% True

Tags

children, CIA, conspiracy, crime, FBI, Satanism

The Conspiracy is usually a Fact, not a Theory.

No need to fret, [Redacted], whoever prepared the FBI document dump on the Finders also threw in a map produced from the execution of a search warrant on McMartin preschool in Manhattan Beach, CA.

If the name McMartin Preschool rings a bell, it’s because the school gained infamy as ground zero for the child abuse case that kicked off the so-called Satanic Panic.

360 children were alleged to have been abused at McMartin daycare. Many of the children claimed that they’d been subjected to sexual and satanic ritual abuse in a system of tunnels under the school. When investigators declared that excavations turned up nothing, the claim of secret tunnels became a byword for spurious ritual abuse claims.

Now, after a generation of ridicule, the FBI has confirmed the tunnels’ existence, vindicating the children’s testimony.

The (Still Heavily-Redacted) FBI FILE

When do those military tribunals start?

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