Wednesday, August 27, 2025

Speaking of The Worker, what's old and stupid is new again at The Department of Labor


 

A fatal notion of things, half false & half stupid, began to pervade educated & semi-educated minds: "the worker" becomes the real person, the real nation, the meaning & aim of history, politics, public care ... he is made the saint, the idol, of the age.
 
The fact that all men work, and moreover that others - the inventor, the engineer, and organizer - do more, and more important, work is forgotten.
 
No one any longer dares to bring forward the class or quality of his achievement as a gauge of its value. Only work measured in hours now counts as labour. And the "worker," with all this, is the poor unfortunate one, disinherited, starving, exploited. The words "care" and "distress" are applied to him alone.
 
No one has a thought left for the countryman's less fertile strips of land, his bad harvests, his losses by hail and frost, his anxiety over the sale of his produce; or for the wretched existence of poor craftsmen in strongly industrialized areas, the tragedies of small tradesmen, fishermen on the high seas, inventors, doctors, who have to struggle amid alarms and dangers for each bite of daily bread and go down in their thousands unheeded.
 
"The worker" alone receives sympathy. He alone is supported, cared for, insured. What is more, he is made the saint, the idol, of the age. The world revolves round him. He is the focus of the economic system and the nurseling of politics.
 
Everybody's existence hinges on him; the majority of the nation are there to serve him. The dull lump of a peasant, the lazy official, the swindling tradesman, are legitimate targets for mirth, not to mention judges, officers, and heads of businesses, who are the popular objects of ill-natured jest; but no one would dare to pour the same scorn on "the working man."
 
All the rest are idlers, egoists; he is the one exception. The whole middle class swings the censer before this phantom. No matter what one's own achievements in life may be, one must fall on one's knees before him. His being stands above all criticism.
 
 
-- Oswald Spengler
 
 

 

Immigrant worker shortage impacts produce quality at Sam's Club?

 I bought six heads of romaine lettuce yesterday like I usually do at Sam's Club every couple of weeks, for $4.46.

Such a deal, right? 

Well, this has never happened before in years of shopping at Sam's: the cores were rotten. I barely salvaged half of it. 

I also bought a five pound bag of organic carrots, for $3.62. That's always a great deal at Sam's, except this time all the carrots in the bin were THIN, THIN, THIN, and LIMP.

Summer weather is hard on such produce in any case, but I've been buying this stuff year round at Sam's for years and have never experienced this.

I should have taken the stuff back, but I do live in the country and I have compost piles. 

Worms gotta eat, same as buzzards.


 

 

  

Tuesday, August 26, 2025

What would you call it?

Embrace The Red, White, and Blue Reich

 

Declaring 52 "national emergencies" as of June 2025 under which the executive branch exercises broad powers to achieve its objectives . . . 

Military patrols in U.S. cities . . .

Police raids on homes of government critics . . .

Nameless, faceless, armed masked men in unmarked vehicles abducting people in broad daylight and disappearing them . . . 

Detentions of large numbers of people in special facilities for indefinite periods under poor conditions and without due process of law . . . 

Federal government taking financial positions in private businesses . . .

Federal government fining, suing, intimidating businesses for speech it doesn't like . . .

Federal government removing people from their positions because they produced data it didn't like . . . 

Price increases and supply shortages due to federal government interference with lawful trade . . .

Federal government impoundment of monies already appropriated for expenditure by law . . .

Ending functions of lawfully created government institutions without statutory authority . . .

 


 

 

Trumpists have zero self-awareness about who's crazy

 Victor Davis Hanson, American Greatness

Monday, August 25, 2025

Donald Trump is such an asshole

No "innocent until proven guilty" for this guy.

It's a blatant power grab which will give him two appointees to Fed governor on top of one to Fed chair when Powell finishes his term in the spring. If he finishes his term in the spring. 

What a tragedy for this country and its prestige as issuer of the world's reserve currency.

 

 

The Financial Times is full of it about a rate cut, and can't even spell


 

 ... the Fed chair is clearly more convinced by the employment side of that equation, indicating that “adjustment” may be necessary — a big hint that the central bank is poised to restart cuts in interest rates next month.

This was itself a surprise to investors, who seemingly were expecting a snoozefest. The dollar dropped sharply, government bonds jumped in price and stocks picked up at the end of a rough week as markets baked in those new expectations. A cut next month is now seen as a done deal, with likely chops in the following two meetings too. ...

If employment data for August picks up from its summer lull, which we will not know until the first week of September, then the Fed will be in the awkward spot of cutting interest rates in to a decent jobs market with inflation still running above target. “The Fed would risk a policy error if it were to cut rates,” warned analysts at Bank of America. ...

The Fed is supported by structures that protect its independence, but anyone who doubts Trump’s desire and willingness to bend it towards his will is kidding themself ... 

More.

Complete tosh. 

The Fed is data dependent, and there are two inflation readings and one employment report intervening before the next rate decision. 

Powell never even got close to saying the FOMC was poised to make a policy change. His remarks, as always, emphasize data and contextualize hypotheticals, that's all.

The press are scoundrels trying to bully the Fed like this. They are on Trump's level in Dante's Inferno. 

Powell said conditions "may warrant adjusting our policy stance." That could include a rate hike as well as a rate cut. He said "risks to inflation are tilted to the upside" while "the labor market appears to be in balance" even after the huge downward revisions to total nonfarm employment which got the head of the BLS fired.

In fact, he said that the latest data for July core pce inflation, which won't be out until Friday, indicate 2.9% year over year, an uptick from June's 2.8%. That's not good news for the rate cut cheerleaders, and that's why no one is reporting it. 

The FOMC is not going to cut the interest rate if that happens and employment remains steady.

August 29 and September 5 will tell us what is likely to happen on September 17, not The Financial Times. Fittingly, the ignoramus for The Financial Times ends her column with a preposition.

And don't forget core cpi inflation on September 11. Powell & Company will have all the very latest data for their decision, on which they will rely:

Monetary policy is not on a preset course. FOMC members will make these decisions, based solely on their assessment of the data and its implications for the economic outlook and the balance of risks. We will never deviate from that approach. 

Sunday, August 24, 2025

Ha Ha Ha House Freedom Caucus phonies high tail it out of Congress for state level runs

 


 ... Four of the most prominent archconservatives in that caucus have said they are running for statewide office, the latest being Rep. Chip Roy (R-Texas), who announced Thursday he will run for state attorney general.

Roy followed Reps. Andy Biggs (Arizona), Byron Donalds (Florida) and Ralph Norman (South Carolina) in saying they will run for the GOP nomination for governor in their states. They depart at a time when the Freedom Caucus’s swagger and negotiating credibility on Capitol Hill have taken a hit. ...

“HFC = House Folding Caucus,” Rep. Brendan Boyle (Pennsylvania), the top Democrat on the Budget Committee, declared after they gave their votes to the GOP’s massive border, tax and health bill in July, shortly after many members publicly slammed the legislation. ... 

The House Freedom Caucus was founded in January 2015 by a small group of hard-line conservatives who felt that the original conservative caucus, known as the Republican Study Committee, had grown too big with more than 150 members and lost its ideological identity. ...

Rep. Jim Jordan (R-Ohio) is the only one of the nine founders still serving in office. ...

More






Trump is so bad that Gen Z is falling in love with the guy who didn't keep us safe on 911, invented the religion of peace, gave us Michael Brown, and abandoned free market principles to save the free market system


 
 
... "Many comments on videos tagged as #Bushcore use past moments to contrast the current administration," Mohammed said. "Users are saying, 'These were like Bush's lowest moments. Somehow they tower over Trump's best,' or 'I would've NEVER thought 20 years ago … I wish he could be president again … I miss him,' representing how unhappy Gen Zers are with contemporary politics."
 
"A recent YouGov/Economist poll shows that President Trump continues to have a significantly low approval rating among young voters—61 percent disapprove. They use Bush's persona as relief, reminiscent of times when there was supposedly more empathy and community in politics," she added. ...                                                                                                                                                                                                                                                                                                                                                                      
One would think that Gen Z would be more, I don't know, REBELLIOUS or UNGOVERNABLE if it's really true that they have experienced the following awful realities.
 
One of life's great mysteries. 
 

... a typical Zoomer on the apps is getting rejected by, and rejecting, more prospective partners in a week than a typical married boomer has in their entire life.

... Ella, a 20-year-old from Allentown, Pennsylvania, applied to 12 colleges and got rejected from 10. "I had so much hubris and unfounded confidence," she says. "I just thought, well, I'll only want to go to college if I can get into a 'prestigious school.' They ask, 'Why us?' obviously, and I couldn't tell them why besides it's Harvard." In a Substack post she published before her high school graduation, she described how at odds her tenfold rejection was with her belief in simply working hard to succeed. "I thought that I was going to be someone," she wrote.

... many Zoomers apply to more jobs in a day than many lucky Boomers have in their lives. ...

More.

 

Why do Republican led states have such a problem with illegal immigration that only the National Guard can solve?

Illegal immigration theatre for the folks!


Saturday, August 23, 2025

Trump took credit for solving six total conflicts last week, then seven total this week, and now ten total as of Friday, but can't get anywhere with Ukraine lol


 

Frustrated Trump signals 'pause' in peace effort...

Trump to step back from efforts to reach a Ukraine peace deal . . . for two weeks lol


 

... President Donald Trump is signaling that he would step back for now from efforts to reach a Ukraine peace deal, expressing frustration over rising casualties and the failure of the two sides to come closer to a peace agreement.

“I’m not happy about anything about that war. Nothing. Not happy at all,” Trump told reporters in the Oval Office on Friday.

He added that he would make an important decision about the future of the conflict in “two weeks,” a phrase that he often uses not to specify a precise time frame, but to indicate that he wants to put off a decision for a while. After that time, he said, “We’ll know which way I’m going, because I’m going to go one way or the other.”...

More

Because they're literally f*gs in heat, as if there were any other kind

Where they'll live happily ever after. 

https://archive.ph/OqFmv



Gold has easily outperformed the S&P 500 over the last three years



SPX is up about 53% in the last three years vs. gold which is up about 90% (1775-3373).

If stagflation is our future, gold may do even better. 

Dow Jones Industrial Average closes at new record high Friday Aug 22 after Powell throws red meat


 

 Dow surges more than 800 points to post record close as Powell speech fuels rally: Live updates

The Dow Jones Industrial Average rallied to an all-time high Friday after Federal Reserve Chair Jerome Powell signaled the central bank could begin easing monetary policy next month.

The Dow climbed 846.24 points, or 1.89%, reaching a fresh high and closing at a record level of 45,631.74.

The S&P 500 rose 1.52% to end at 6,466.91. At its session high, the broad market index came within three points of its record.

The Nasdaq Composite gained 1.88% and settled at 21,496.53. ...



 

 

Gold and silver prices are up big in the last two years

 Spot gold on Friday: $3,373.89, up 75% since September 2023.

Spot silver: $39.01, up 69.5%.

-- Reuters/CNBC 

Thursday, August 21, 2025

Trump's good buddy Putin just bombed an American factory in Ukraine, injuring 15

 


Tulane University's Walter Isaacson calls out Trump's state capitalism for Nvidia, Intel, and Advanced Micro Devices

 

... “That state capitalism often evolves into crony capitalism, where you have favored companies and industries that pay tribute to the leader, and that is a recipe for not only disaster, but just sort of a corrupt sense of messiness,” he told CNBC’s “Squawk Box.” ... Earlier this month, both Nvidia and Advanced Micro Devices agreed to pay 15% of their China revenues to the U.S. government for export licenses to sell certain chips there. ...                                                                

 

Trump adds $1 trillion to the national debt in record time and S&P Global underscores its own irrelevance by maintaining the U.S. AA+ credit rating

 Trump tariff revenue expected to offset tax bill impact, S&P says in U.S. credit rating hold

... "We could lower the rating over the next two to three years if already high deficits increase ..." lol.

 These people are afraid of Trump.

They don't want to be singled out for Trump's daily Two Minutes Hate.

They don't want to be the next Jerome Powell, or Lisa Cook, or Volodymyr Zelensky.

Meanwhile year to date the Trump deficit is running $112 billion ahead of Biden's last deficit. DOGE so-called spending cuts and Trump Tariffs have done nothing to reduce it.