Category: Economy

The true aim and nature of the federal reserve

Michael Pento is finally starting to get it – the fed is destroying the people of america…en masse. No one is speaking out about it. The best they can muster is a weak, “moral hazard”…or complain of some such policy. No, it is utter destruction, writ large and it is good to see someone, in this case Mr. Pento, start to come out against it. Here is his latest weekly letter:

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How to Live the Nomad Lifestyle

“Off-road, off-grid: the modern nomads wandering America’s back country…”

Here is an interesting article about a new movie coming out Feb 19th called Nomadland, which shows the lifestyles of those who live out of their cars and travel around, on the cheap. Cancel your rent, buy a van and set up your home.

“If you look closely on city streets, campgrounds and stretches of desert run by the Bureau of Land Management, you’ll see more Americans living in vehicles than ever before. It was never their plan.

“If the Great Recession was a crack in the system, Covid and climate change will be the chasm,” says Bob Wells, 65, the nomad who plays himself in the film Nomadland, an early Oscar contender starring Frances McDormand. Bob helped April to adopt the nomad way of life and change her life in the process…

“Today, he lives exclusively on public lands in his GMC Savana fitted with 400 watts of solar power and a 12-volt refrigerator. His life mission is to promote nomadic tribalism in a car, van or RV as a way to prevent homelessness and live more sustainably.”

Tony Rice’s Advice to Musicians and all Artists

Beautiful…

One of the great guitarists of all time, Tony Rice, offers advice to artists at the 29:50 mark in the video below. He talks about not being a copycat, be original, play what is in your heart and be who you are called to be. My bold.

“Personally speaking there’s a world of Doc Watson clones out there, there’s a world of tony rice clones, and the unfortunate thing about those clones is no matter how technically proficient they are, and there are some of them out there that are virtual monsters of technical proficiency that could blow me away. But what that does when they do that is they have become a copy of someone else and they haven’t gone beyond that. So the way I look at all this scheme of things is not only am I a musician but I’m a spectator. That’s what gets me off the most. I don’t care about hearing me playing this dam thing near as much as I care about hearing your playing. What can you show me, what can you run by my ears that’s so good, that I love so much that I want to hear it again. And how you create that. Well I tell you what you ain’t gonna create by doing it like I do because I’ve already beat you to it. That’s what this forum is about.

“Its what I’d like to see more of out of aspiring musicians or aspiring artists in general. It’s that ‘give that to me’, give me your heart give me your soul. Show me the uniqueness of yourself. How do you do this? How do you make this chord? What’s the tone you have coming out of this? And you know how you do that? You do it like working a Rubix cube. That’s the way you do it. You do it with trial and error, and mistakes. But then again I’m a product of everything that I’ve ever done, we all are. That would be my advice to you. Play from your heart and soul. Think of every time you pick up an instrument and play it or whatever you do with it, think of that as an extension of yourself, with the goal in mind that you have something to express, to be shared with somebody else and you hope that they dig it.“

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The Federal Reserve is Destroying Everything You Love

Only a few people understand what the federal reserve is doing to americans. Others are trying to get their investments lined up to profit. Some weakly say the Fed is creating ‘moral hazard’.

No, what the Fed has been and is currently doing is destroying people’s lives. People you know…people you love…have had their lives destroyed because of counterfeit fiat currency.

This destruction is subtle, yet ever present. Take inflation – prices rise, faster than wages, impoverishing a people over time. Wage inflation destroys jobs…by making foreign labor cheaper…thus the 30+ years of offshoring and loss of american jobs.

Take the synthetic boom bust business cycle, which determine winners and losers based on fed policy. How can one make long term business decisions based on the actions of political apparatchiks? They can’t…most business decisions are but guesswork now…will the fed raise rates, lower rates, pump in more money, let it collapse? Who knows. Business becomes a grab-whatever-you-can frenzy in the short run.

Take asset prices rising as an example, crushing the young…who have few assets, but must pay evermore to buy them.

People deciding to get married or not…have families or not…start businesses…the millions of seemingly small decisions being made every day based on corrupted data. People’s lives are molded by the economic circumstances of the times…and when they have to make decisions based on corrupt data it creates a weakness in the decisions.

Many hold out hope that some great crash is going to happen, and after the crash the wrongs can be righted…a society based on sound money can be created. But they are missing the point. The crash happened 100+ years ago…and the destruction has been ongoing ever since. These decisions made on bad data, manifest into our american culture. Such is why and how our culture has been hollowed out, and made weak and flabby.

These comments from zerohedge give a glimpse into the destruction caused by the fed:

Tedstr wrote: “My daughter broke her lease last week and is moving home. Hard worker trying to get some kind of career going. Totally lost now.”

Vtec: “im a millenial and i have an okay paying job (for now..) and i just moved home as well. things are going to get lot worse before they get better. the elites know our whole way of life is not sustainable and are just demolishing it“

What Vtec doesn’t understand is that a great way of life is sustainable, but that way of life must be built on the things which allow for long term greatness – the teachings of Jesus Christ, individual and economic freedom, and money that cannot be counterfeited.

Hotrod: “I know lets go back to 2008 and anyone thats been damaged by some economic financial cluster **** will be made whole.  My entire life got ****** back then and never recovered and I WANT SOME MONEY TOO.“

Space-Peanut: “This is for you, Dad.

I remember when the housing collapse sent a torpedo through my family. My father’s concrete company collapsed almost overnight. My father lost his home. My uncle lost his home. I remember my brother helping my father count pocket change on our kitchen table. That was all the money he had left in the world. While this was happening in my home, I saw hedge funders literally drinking champagne as they looked down on the Occupy Wall Street protestors. I will never forget that.

My Father never recovered from that blow. He fell deeper and deeper into alcoholism and exists now as a shell of his former self, waiting for death.

This is all the money I have and I’d rather lose it all than give them what they need to destroy me. Taking money from me won’t hurt me, because i don’t value it at all. I’ll burn it all down just to spite them.

This is for you, Dad.“

The political actions have now warped society so drastically that not 1 in 100 can see what has happened. But more are waking up daily. They see the apparatus is not set up to benefit them, but to enslave them. They see the people around them with less free time…growing poorer…with little freedom or power…subject to whatever the government wishes to do to him.

How long will they pull the yoke?

Coming home from the Gulag

Ilya Repin, They Did Not Expect Him

I love this painting…showing a father unexpectedly showing up at home after political exile in Siberia…with the whole family in various shades of shock upon seeing him. From the housekeepers waiting to see how everyone will react, to the wife, to the apprehensive little girl, to the boy about to be overcome with joy. What a scene.
From Ilyarepin.net: “They Did Not Expect Him is the dramatic and emotional homecoming of an Unexpected Visitor, the alternative title of this piece. Ilya Repin’s amazing scene dates from around 1883 and was painted as an oil on canvas.”

Patience during a Bubble, Or, “The Fine Art of Snoring” as Nock wrote.

Sometimes the hardest thing to do is have patience. You want in…when the whole world is grabbing at something, making it seem like the greatest sure-fire thing in the world to do, it’s easy to get caught up with the herd. Maybe the herd is right and you miss out on a great opportunity, or maybe you remain solvent when it goes bust. I’d miss a date with the Queen if something didn’t feel right about it, and something doesn’t feel right with economic markets. Now is a time to sit back and quietly wait for the opportunity, focus your attention on things that interest you and ignore the world. I could definitely be wrong…but I try to stay away from baubles, and practice the art of patience.

Home Prices are Now Soaring at “4.5 Times The Fed’s Inflation Target In All US Cities”

As I said in my last post: Once people realize that prices are moving higher in earnest, they will dump cash even faster, pushing prices even higher.

At some point, the people will understand that the Fed has been, is and will continue destroying their society and entire civilization. How long it takes for them to realize this is unknown.

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