Saturday, 30 April 2022
Friday, 29 April 2022
Tuesday, 26 April 2022
Saturday, 23 April 2022
On my best day, I'm at the very least a Federal Reserve blood enemy: how I positively loathe their persistent lack of political accountability, not to mention successive presidents and congressional leadership who go out of their way to let them be.
These serial incompetents have done what The Fed has mostly always done: destroyed an otherwise healthy American economy. In this instance, via the economic insanity of QE, that mother of all inflation creation machines. They're quite literally hollowing out the middle class, not to mention decimating the poor.
Meanwhile, these paragons of sound economics and monetary policy profit continuously by being in the market that they themselves quite deliberately inflated via QE. Beyond despicable while the bought and paid for in DC ever conveniently look the other way.
So human abject misery begins with them as their digital money creating machine sends inflation spiraling out of control. It ain't at a bullshit 9%, it's more like at 15 to 20%.
This is where Fed damnation begins: they can panic and hike rates with a series of at least 75 basis point rises, or they can start and then suddenly chicken out and reverse course. You know, those upcoming midterms.
Option One throws an already fragile economy into official recession with the 10 year yield spiking up precipitously. That means above 3% at minimum. Not good. Guess what, it'll sink the bond market and then down goes the rest.
Contrast that with chickening out, which they'll do, again for political reasons. You know, those midterms.
Breaking the back of inflation always means raising rates above the inflation rate. That's why Volcker went to 18%. There's no way Powell and company will do that here. No fucking way.
So, inflation is on-board for the duration as it continues to steadily rise. When it finally naturally begins to abate, not anytime soon, in will come a deflationary bust that'll make 1929 look like a pleasant walk in the park.
In short, they goosed markets to make themselves a lot richer while destroying pretty much everyone else. Damned if they do and if they don't. Put another way, there's no possible good outcomes thanks to the collective incompetence of those chaletans at The Fed. After all, faking it till they don't make it is their only stock in trade...
Saturday, 16 April 2022
Tuesday, 12 April 2022
Saturday, 9 April 2022
There have been at least three other high profile political visitors in Kyiv and all of them are to be commended for going there.
But as predicted, no one has outdone Johnson. What guts! Walking the streets of Kyiv with Zelenskyy. Wow, what courage, especially given the fact that war is the operating theatre for double and triple agents. Both of them could quite literally have gotten plugged but thank God they didn't.
Meanwhile, the dolts around Biden won't let him go to Ukraine. That makes him a follower instead of a leader.
So God bless Boris and may he have the wisdom and decency to finally get all of NATO directly into this war. Then and only then we can finally clean Putin's clock and put him in the ICC dock.
Talking about missing the mark, it looks like Housakos is now Poilièvre's Agnew. Interesting.
But the thing is, he takes on Charest for respecting provincial jurisdiction and respecting the wishes of people in his province. Strange, I thought in Canada and particularly in the West that fellow Canadians were big on provincial jurisdiction and the premiers who decide what's what.
Housakos attempts to lump in Charest with the Trudeau Liberals. What a laugh! Where's his proof? Exactly.
Quebec has a carbon tax and funny eh, most Canadians favour either a tax, capture and storage or carbon credits. That's MOST Canadians. Housakos seems to have missed that.
Housakos doesn't like gun registeration -- another policy that most Canadians support. The argument is only about how and at what government level. Again, Housakos also has missed that.
And my God, Charest raised taxes during an economic crisis. What a radical progressive...after all no other federal, provincial or territorial government has ever done that to bring in new revenue streams.
And finally, what about Housakos' political judgment? Who again did he support in the last leadership race and even broke Senate rules to do it? Oh, right. Now that was bang on, wasn't it.
Thursday, 7 April 2022
Saturday, 2 April 2022
Across the worldwide geopolitical community, there's an intense debate raging about what Putin actually knows of what is going on on the ground in Ukraine. Some argue that he's fully briefed while others insist that things are quite deliberately being kept from him. Personally, I agree with the former concluding that Putin is about as hands-on as you can get -- you can tell that by the ferocious and inhumane effort made by Russian forces. You know, anything goes even attacking fleeing civilians.
In short, Ukraine is well on its way to being Putin's disaster. That's what's in the making and Putin can see the writing on the wall. He knows ahead of time that opening up yet another front in this war by invading Moldova next won't cut the mustard. Putin probably instinctively knows that Moldova is the next Ukraine where at best his forces will become bogged down and entrenched. In short, a mini-Ukraine.
So...in short, what can Putin do to turn the tide? As Russian forces become increasingly more desperate in Ukraine, he only has one chance to turn the tide of reinforcements and supplies arriving from the West and that means choking off Poland.
To do that, he needs to take on the land of The Virgin Mary, Queen of Poland. And so he ultimately shall and that will finally mean an enlarged conflict with all of NATO. From there, it will be all downhill until Russia is invaded and effectively defeated, or the powers that be in The Kremlin save themselves by solving their own problem with Putin. Putin is almost invincible as long as he's WINNING. Once he's not and his armies are in stalemate, retreat or subject to defeat, then Putin's days are effectively numbered and nobody in Russia knows that better than Vladimir Putin himself.
Friday, 1 April 2022
"You can always count on the Americans to do the right thing after they have tried everything else."
The quicker that NATO joins this war, the better. It's good versus evil time: hospitals, seniors' residences, apartments, kindergartens, schools, theatres, etc.
The noose awaits at The Hague for war crimes and crimes against humanity. I'm counting the weeks and months to that glorious day.