Americans, Long Besotted by Royalty, Mourn Britain's Queen
Saturday, September 10, 2022
Friday, September 9, 2022
Thursday, September 8, 2022
Trend for annual precipitation in Grand Rapids, Michigan 1903-2021
Through 2021 mean precipitation for the eight months Jan-Aug is 22.88, but for Jan-Aug 2022 we've got 27.61 inches.
Wet. Wet. Wet.
Meanwhile out West it's the reverse.
Dry. Dry. Dry.
LOL, climate change to hibernate, just like bears
Wednesday, September 7, 2022
Tuesday, September 6, 2022
Last time I checked it wasn't Donald Trump who turned Washington, DC into an armed camp occupied by the National Guard for five months
There was no disruption to the peaceful transfer of power on January 6th. It occurred successfully by act of Congress, without the aid of the military whatsoever.
Whatsover.
It was a tyrannical new president who shut down DC, FOR FIVE MONTHS, by using the National Guard, not the old president.
The brazen military industrial complex is asserting today that the Judicial Branch is civilian Commander in Chief, not the Executive
These people are a threat to the constitution:
Former Secretaries of Defense
Dr. Ashton Baldwin Carter
William Sebastian Cohen
Dr. Mark Thomas Esper
Dr. Robert Michael Gates
Charles Timothy Hagel
James Norman Mattis
Leon Edward Panetta
Dr. William James Perry
Former Chairmen of the Joint Chiefs of Staff
Gen. (ret.) Martin Edward Dempsey
Gen. (ret.) Joseph Francis Dunford Jr.
Adm. (ret.) Michael Glenn Mullen
Gen. (ret.) Richard Bowman Myers
Gen. (ret.) Peter Pace
6. In certain cases or controversies, civilian control is exercised within the judicial branch through judicial review of policies, orders, and actions involving the military. In practice, the power to declare a policy/order/action illegal or unconstitutional is decisive because the military is obligated (by law and by professional ethics) to refuse to carry out an illegal or unconstitutional policy/order/action.
The letter also says that civilian control of the military can be exercised by the judicial branch when an administration’s decisions are challenged, and that a court ruling is decisive because military leaders are obligated by law and professional ethics to refuse to carry out illegal or unconstitutional orders.
Sunday, September 4, 2022
Money printing getting way ahead of output is the cause of the current inflation
US GDP last clocked in at $24.883 trillion in 2Q. The total public debt at the end of 2Q is $ trillion.
That's now a mismatch of 123%, up from 105% in 2013, ten years ago, when the total public debt was $16.8 trillion and the GDP $16 trillion.
In other words, the debt has grown by 82% over the period while the GDP has grown by only 56%.
The debt represents spending money we do not have, and the increase in the debt represents the spending of more money we do not have. We simply create it out of thin air to facilitate the process. It doesn't matter what form it takes, whether in the form of Treasury securities or physical money.
Spending go whirr, Fed money machine go whirr, debt go whirr, and eventually inflation go whirr. Inflation is the payback for going into the debt for which we refused to pay at the time.
Debt draws forward prosperity . . .
But it should come as no surprise that the future we robbed has no prosperity in it, now that we have arrived there.
And people wonder where the inflation came from.
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.
Inflation trader squeals like a stuck pig, fears QT will soon lead to the sort of stock event you tell the grandchildren about
Well, we've heard that before, but this story about one of them perfectly describes how Fed money creation has ballooned, by design, to facilitate gains for those first in line for the money, the banksters, while the rest of us just get the inflation:
The Fed creates reserves as a special form of dollars that can only be held by banks and some similar firms, that they use to settle debts to each other. (The rest of us mostly use bank-created electronic money, plus physical dollars.) Since QE began, reserves have ballooned as the Fed created reserves to buy bonds from banks.
Unlike in 2017, large quantities of reserves have been returned to the central bank via money-market funds. These funds, which savers use as a liquid alternative to savings accounts, are allowed to deposit money at the Fed overnight using reverse repurchase agreements (RRPs), and have already sucked $2.2 trillion of reserves out of the system, up from zero at the start of last year.
For now, the loss of reserves isn’t a problem. Banks had too many deposits and reserves anyway, and they still have $3.3 trillion of reserves, more than they had ever held until last year.
More.
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.
Saturday, September 3, 2022
Brad DeLong's new book about the world achieving enough prosperity doesn't have enough words
DeLong
had begun working on this story in 1994. He had produced hundreds of
thousands of words, then hundreds of thousands more, updating the text
as academic economics and the world itself changed. He kept writing, for
years, for decades, for so long that he ended up writing for roughly 5
percent of the time capitalism itself has existed. The problem wasn’t
figuring out how the story started. The problem was knowing when it
ended. ...
His friends inquired about the drafts they had read years before. The
project ballooned in its complexity. “I have had editors who were saying
[they were] going to drop me if I couldn’t get it down to 150,000
words,” DeLong told me. (The book ended up at 180,000, plus online notes
and appendices.) ...
As for DeLong, he has a more immediate challenge: figuring out what to do with the hundreds of thousands of words he trimmed out of Slouching Towards Utopia. He thinks he might write a history of the economy, full stop. That story might start in 6,000 B.C.
More.
Pandemic overstaffed Amazon cut 100k jobs in 2Q2022
During the second quarter, Amazon’s workforce shrank by roughly 100,000 jobs to 1.52 million, the biggest quarter-to-quarter contraction in the company’s history.
More.
LOL, it's not "affordable": It costs $41k minimum, goes 270 miles, and takes 18 minutes to charge
Hanoi Jane's hubris is the hubris of us all, left, right, and in between
Old age is supposed to teach you a little humility, if life before that hasn't taught you any:
What we do or don’t do right now will determine what kind of future there will be.
Says the 85 year old who has been diagnosed with cancer.
Friday, September 2, 2022
Thursday, September 1, 2022
The legacy of unionized, government teachers who refused to show up because of COVID-19: Students in 2022 are performing at a level last seen two decades ago
In math, the average score for 9-year-old students fell 7 percentage points between 2020 and 2022, according to the study. The average reading score fell 5 points. . . . Although it marks a sharp drop since 2020, the average reading score was 7 points higher than it was in 1971, and the average math score was 15 points higher than in 1978, the study found.
More.
Now just in time for the election lying Democrats, but I repeat myself, want you to think that they and their allies opposed school closings when they were attacking Republicans for wanting them open.
US COVID-19 deaths per day in August 2022 are up 37% compared with the May-Jul average of 373
Deaths per day monthly in 2022:
Aug 2022: 511
Jul 2022: 383
Jun 2022: 363
May 2022: 373
Apr 2022: 426
Mar 2022: 980
Feb 2022: 2,247
Jan 2022: 1,987
Deaths
per day annually still fell through August, but not by much, from 953 through July:
2020: 1,131
2021: 1,310
2022 through 8/31: 896
As with electric cars, rooftop solar energy is great until it blows up and starts on fire: Now they tell us
Between April 2020 and June 2021, solar panels atop Amazon fulfillment
centers caught fire or experienced electrical explosions at least six
different times. ...
The documents, which have never been made public, indicate that between April 2020 and June 2021, Amazon experienced “critical fire or arc flash events” in at least six of its 47 North American sites with solar installations, effecting 12.7% of such facilities. Arc flashes are a kind of electrical explosion. ...
By June of last year, all of Amazon’s U.S. operations with solar had to be taken offline . . ..
More.
A series of Russian businessmen meets with sudden unexplained deaths
Ravil Maganov, the chairman of Russia’s second-largest oil producer Lukoil, died on Thursday after falling from a hospital window in Moscow
Gazprom executive, Alexander Tyulakov, was found dead in his garage near St Petersburg
Sergei Protosenya, a former top manager of Russia’s largest liquefied natural gas producer Novatek, was found dead with his wife and daughter at a villa in Spain
Former Lukoil manager, Alexander Subbotin, was found dead in the basement of a house outside Moscow
Vladislav Avayev, an ex-vice president of Gazprombank, was found dead in a Moscow apartment, also with the bodies of his wife and daughter
Wednesday, August 31, 2022
Two days after the storm blew threw Michigan is still #1 for power outages in the US this afternoon
187k are affected in the service area of DTE energy on the east side of the state right now, and 37k are affected in the Consumers Energy service area.
Ann Coulter says Republicans shouldn't waste their time defending their incumbents or primarying them, just vote for the Democrat
Spending energy, time, volunteers [on primaries] is a zero-sum game when it comes to campaigns. We can not waste our time defending incumbents. As bad as Republicans are, there are a lot of bad Republicans, but there are no good Democrats. So do not primary an incumbent. Do not waste the time and money.
Here.
Ann Coulter goes off the rails, blames the Tea Party for Obamacare
She forgets that Obamacare was passed in March 2010, months before the "Tea Party" swept the US House in an historic win with the help of Freedom Works & Co.
. . . the Tea Party candidates lost us a lot of races and Senate seats. We would not have Obamacare if it weren't for a lot of the Tea Party candidates running against incumbent candidates.
Here.
Hello. Republicans won the US House in 2010, and the US Senate in 2014, the year Obamacare went live.
Methinks Ann is jealous that Republicans actually won that 2010 election because of indignation over mortgage bailouts instead of over something else. The Tea Party's origin was in 2009 after all, not 2010.
Recall that Rush Limbaugh blamed the faceless conservative "base", too, when McCain lost. But Ann names names, calling out Trump himself over and over (he has deserved it), Mitch McConnell (perennially), and now the Tea Party. Yeah, the Tea Party got co-opted for sure, but she's rewriting history here because she's pissed so many Trump aligned candidates have won their primaries, believing (hoping?) they will lose in November, you know, like they "lost" in 2010.
Well I sure hope so.
Ann spent years saying Obamacare was the number one issue before coming to prioritize immigration, maintaining as she did that illegal aliens were the number one beneficiaries of Obamacare. Now she blames everyone else for saying so, too.
Her irrational outbursts and ad hominem arguments are her own best case for repeal of the 19th Amendment.
Make up your mind, woman.
Tuesday, August 30, 2022
Monday, August 29, 2022
Breaking: Ozzy Osbourne moving back to safer, stabbing-epidemic-plagued England
Ozzy Osbourne moving back to England, doesn't want to 'die in crazy America'...
Meanwhile in England:
Last summer saw London’s worst period on record for violence, with knife-related attacks consisting of a large proportion of the horrific acts carried out in the capital. According to Metropolitan Police figures, there were 134 murders last year, 85 of which involved a knife (around 63 percent). ...
ONS data shows that in the first three months of the year, assaults involving an injury or an intent to harm actually increased to 120 percent of what they were at the same time last year (965 to 806). Attempted murders went down marginally from 13 to 11.
But threats to kill also increased from 175 to 226 when comparing the two periods. In the first half of 2022, 1,223 people in London were caught with a blade, compared to 1,415 in January to June last year – a reduction of just 14 percent. ...
One deterrent that has often been cited is 'stop and search,' . . . But it is an area that has “always been really difficult”, Mr Hedges said, toeing a fine line between law enforcement and racial profiling.
Hm, you don't say.
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