Dollars and Sense – Inflationary Spending and Fiscal Insanity

Bobblehead DollThese articles have discussed money, monetary policy, fiscal sanity, and government spending several times this year.  Some have called me alarmist for raising fiscal sanity during a “Global Health Crisis.”  While COVID-19 (Sars-COV-2) is undoubtedly a viral disease with a 98%+ survival rate, I cannot in good conscience call this a “Global Health Crisis.”  The pandemic declaration was a political move, the mask mandating, business closures, and every other hysterical move have been carefully formulated to present a problem where none exists.  Has Sars-COV-2 mutated; absolutely, but the emotional hysteria has mutated far faster.

Dollars and SenseApathy

When you pass paper to a store clerk, are you spending money; no, you are spending confidence.  Your confidence in the dollar’s strength, as represented by a check, cash, money order, credit card, etc., is what is being spent.  Why was the Great Depression so lasting and detrimental; a lack of confidence in the US Dollar.  People who saved their money formed sane fiscal policies personally and acted logically lost their confidence in the US Dollar, and the dollar went into a great depression.

Since President Clinton, the US Government has been on a drunken spending spree and does not appear to be stopping unless the citizens demand they cease and desist!  What does this mean for you and me; everything costs more for two reasons inflation and interest.  When the government prints money, too much money increases prices, and too few goods chase too much money, resulting in people suffering.  When the government borrows money, the interest must be serviced; the interest will increase prices and usually absorb some of the extra capital on the market to bring down inflation.Lemmings 2

Except, Quantitative Easing (QE) is hindering the absorption of money on the market.  Hence America is witnessing something truly remarkable for the first time in financial history, the debt (principal), the interest, and the extra capital, all of these storms are combining into a major conflagration economically speaking.  Usually, at this point, a country begins to look for a place to go to war, which explains China and its expansionist policies in Southeast Asia and the Pacific Ocean.  Too much debt, too much interest, a military needing worked, and assets need to be stolen from other countries.  Typical historical thinking, war truly is grand larceny on a massive scale!

Where are America and China headed; let’s ask Czarist Russia, USSR, Nazi Germany, East Germany, China, North Korea, Italy, Venezuela, Greece, France, and who knows how many other economically unstable countries historically and presently.  Going to war will not solve this economic crisis, though some may try that solution.  The only solution worth advancing at this critical juncture economically is reducing the size of government, placing a firm halt on all government spending, and refusing the politicians to get into debt for at least two decades!  Yes, this means changing Social Security, Welfare, Medicaid and Medicare, and every other government benefit program to fit a reduced budget and smaller government model.  Failure to tighten belts for the next two decades will bankrupt America, and most of the world, making the Great Depression look like a summer picnic.Lemmings 4

Gold and Oil, real estate, Gross Domestic Products (the goods manufactured in America for sale), trade, all of these wealth tools and more cannot support the debt incurred, the money printed, nor the size of the government from the city and county to the White House.  As this trend continues, Wall Street will continue to be tumultuous, at best, and the confidence in the US Dollar will continue to slide.  But, as the dollar slides, which global currency will begin to take up the slack?

The Euro has discredited itself and is not worth the paper it is printed on.  China thinks they will step into the void and take up the slack with the Yuan, except their financial situation is almost as bad as Venezuela’s and Cuba’s, but their size and government type keep this hidden from the public.  Even though the Yuan is in junk status, the Communist government hides these facts; the truth is leaking out in higher trade tariffs and other global trade and finance costs.  Russia’s economic situation still has not stabilized with the fall of the USSR and will probably need another two to three decades until it can compete on the global economy again.Gravy Train 2

I heard a postulation that the Arabian Oil Rich nations of the Middle East would produce an OPEC-backed currency if the US Dollar fails.  I highly doubt this as a solution, but the potential is there.  Another person claimed the lack of confidence in the US Dollar would lead to the World Bank/International Monetary Fund (IMF) issuing currency for the world; boy, would that be a significant problem!  Yet, the American Dollar is being purposefully destroyed by the current crop of politicians, and nobody is standing up and declaring ENOUGH!

Inflation

The US Government, and many others globally, have increased their drunken spending since Jan/Feb 2020 to incredibly extensive levels and used a “Global Health Crisis” as the excuse.  Except when Ebola was sweeping the world, we did not have this level of insane spending and government intrusion.  Ebola is far deadlier, easier to spread, and yet the Ebola disaster is barely remembered.  Bird Flu, Swine Flu, SARS, MERS, all these viruses have had their time in the media hysterical spotlight, every single one of them is deadlier than Sars-COV-2, easier to spread, and they were never a cause for a global pandemic.Gravy Train

Inflation is caused by poor economic policy, where the government grants itself the ability to print money.  Inflation is not just money and monetary policy; inflation is also confidence, faith, and trust.  Inflation is how the government acts, thinks, and behaves.  Inflation is as real as COVID-19 and just as deadly as Ebola while being more problematic for everyone.  From Dec 2020 to the end of July 2021, inflation has increased the price of goods and services by 3.8%, seasonally adjusted, or 5.4% non-seasonally adjusted, which means that prices go up as a seasonal adjustment in the summer.

Fiscal Insanity

Consider with me an analogy; you live in a community of houses and pay a Homeowners Association (HOA) Fee.  Your neighbor has decided they can write checks on your checking account, and the HOA has granted them legal protection to write checks on your bank accounts.  Because your neighbor has legal protection, you sell off assets to provide the funds for your neighbor.  You sell to other neighbors letters of credit that you promise to pay interest on, provided your other neighbors hold those letters of credit for specific amounts of time.  Except, your neighbors stop buying those letters of credit over time because they do not like how your neighbor keeps writing checks and spending your money.  How do you keep this house of cards from blowing over and losing everything?

Tax BurdenAmerica is in this position right now!  Trend lines show a steady downward trend in the value of the US Dollar.  Inflation will keep increasing prices as too much money is chasing too few products on the market.  Debt needs to be serviced and interest paid.  But, when the interest payment is the only thing being paid, and the principal will also need to be serviced, where and how does the principal get serviced when the interest is absorbing all the monthly payments?  Simple economics, money once created and put into the money market, cannot just be absorbed or disappeared.  Just like food doesn’t disappear once consumed, the offal must come out and be handled responsibly.  Well, the dollar is in an offal position and needs responsibly handled!

© 2021 M. Dave Salisbury
All Rights Reserved
The images used herein were obtained in the public domain; this author holds no copyright to the images displayed.

Did you Hear? – Let’s Have the FULL Conversation

Bird of PreyThe following are several stories where the entire conversation is not being held, information is not being disseminated, and the public is left in the dark.  In the name of having that whole conversation, let us ask tougher questions and demand better answers!  More to the point, I hope these conversations lead to less government control, bureaucratic edict, and bureaucracy fiat.

Medical Mayhem – Socialized Medicine

The Jerusalem Post, 23 June 2021, reports that baby Alta Fixler will be removed from life support.  Following her parent’s wishes to send her to a hospital in Jerusalem due to her parent’s Haredi Orthodox Jewish faith.  The parents petitioned the hospital to release their child, who has been on life support since birth, to travel to the Jerusalem Hospital. Britain’s National Health Service (NHS) took legal action, and now the child is slated to be removed from life support.

Knowledge Check!Make no mistake, this type of parental and patient abuse is alive and well in America.  The face of socialized medicine is a nameless bureaucrat making decisions, running to a judge, and forcing upon parents that which the parents believe is not in the best interest of their child.  If you want to read the heartbreaking story of socialized medicine in America, look no further than the Justina Pelletier case.  The only question never answered in the Justina Pelletier case has been where do parental rights end and hospital bureaucrats begin?  Never answered, and this legal gray area is where socialized medicine thrives!

Baby Alta Fixler is not the first child to die by government fiat in English hospitals by court order.  Justina Pelletier is not the first case of hospitals abusing patients based upon doctor opinions and bureaucracy.  The entire conversation needs to be had.  Each state in America, each voter in America, needs to decide should a nameless, faceless bureaucrat have life and death control over your loved one, or should the family and parents have that control?

US Government – Censors Iranian Websites and Media Outlets

Ziggy on GovernmentReuters, copied on Jerusalem Post, 23 June 2021, reports how the US Government is working to end the social media influence of Iran on America’s political system.  A totally dumb move by the Biden Administration to single out just one state actor pulling America around by the social media noose.  The story includes Russia, China, and North Korea, all investing in websites specifically designed to tout the party line and sway political interests in America.  Yet, the only country singled out for action has been Iran.  Thus, the first question is, why?  Why is Iran singled out?  When will China, North Korea (China’s Hand Puppet), and Russia join the list of censored state actors involved in disinformation?

Now, here is why this is a dumb move; censorship never works!  Censor an idea today, and tomorrow it becomes a living and breathing problem.  For example, Mark Twain’s incredible story of “Huck Finn.”  It was banned in my public library on Monday and Tuesday, the book had a backlog to be checked out, and no copy could be found on any shelf in bookstores.  This all occurred before the Internet, eBay, Amazon.com, the bookstores included used bookstores.  With technology, the problem has only grown.

Knowledge Check!Consider LinkedIn; it continues to censor speech it finds personally repugnant or disagrees with politically.  Facebook does the same; Twitter, Google, and the list of Big Tech censoring grows.  Yet, the ideas they find abhorrent take on a life of their own, continuing to prove that censoring an idea is the worst decision!  Worse, in America, a Constitutional Republic (if we can keep it), demands via the First Amendment that censorship of speech is wrong.  You do not fight bad information with censorship, you fight bad information with good information, allowing the complete discussion based upon the facts, and you respect the Rule of Law!

Why is this concept so difficult to understand?  Before we can shake a stick, there will be lawsuits, charities, and news media with identical talking points trying to push back against the government.  The ACLU will take the case Pro Bono, and the Judicial Branch will again confirm that free speech cannot be censored, making the government look stupid for censoring speech, increasing traffic to these obscure websites from curiosity doing more harm than good to America.  The exact opposite result the government was trying to create by censoring.  Let us have the complete discussion, open free speech, do not censor, and for pity sake stop making legal martyrs out of the enemies of America!

Google Israel, Conversion Therapy, and the LGBTQ+ Community

Question22 June 2021, The Jerusalem Post reports that Google Israel has launched a campaign to fight conversion therapy practices.  After canceling an app to aid in conversion therapy, after an outcry from the LGBTQ+ community.  Since the fallacious claims of the 1960s that sex is love, and love is free, and equality in sex includes changing genders and pushing the full-on homosexual agenda down the throats of a global audience, the LGBTQ+ community has tried to control the conversation on bedroom choices for everyone.  Which in and of itself is a form of censorship.

GLAAD (Gay, Lesbian Alliance Against Defamation) reports conversion therapy is defined as “Any attempt to change a person’s sexual orientation, gender identity, or gender expression.”  Conversion therapists define conversion therapy as, “Conversion therapy is the practice of trying to change an individual’s sexual orientation from homosexual or bisexual to heterosexual using psychological, physical, or spiritual interventions.”  Frankly, it appears to me that both groups are trying to win hearts and minds through the same tactics, just using different politics and purposes.  Here’s the problem, since the LBGTQ+ community continues to use the judicial branch to censor speech, promote their causes, and subjugate laws, the entire conversation is not being had on how people choose to become members of the LGBTQ+ community or if they want to return to heterosexual communities.  This lack of diversity in conversation and the withholding of information is censorship, and censorship is wrong!

Male v. FemaleI repeat myself only for emphasis, “I do not care about your bedroom selections.”  Provided you and your partner are legal and consenting adults, there is no reason for me to be interested.  Your business is YOUR business, with all the consequences of YOUR choices.  I have heard the horror stories of pedophiles grooming young boys to become members of the LGBTQ+ community; I have seen the reports on diseases, physical harm, suicides, rapes, and other problems in this community.  But, by not having both sides of the conversation, how can a person be expected to make a logical choice about their identity if half the conversation is depicted as roses and rainbows, and the other half is never discussed at all?

I am not here to tell you how to live your life.  Make your choices live with your consequences, the same as every other adult.  But, if you are preying on children for homosexual or heterosexual appetite suppression, you are deserving of the full weight of the law!  For example, the North American Man/Boy Love Association (NAMBLA), fighting to decriminalize pedophilia and pederasty, is closely associated with and receives funding from all types of homosexual and LGBTQ+ community supporters.  Yet, what they proclaim and do is groom young boys for homosexual sex.  Worse, the K-12 sexual education programs are an outreach of both NAMBLA and GLAAD and have been since the programs were introduced in K-12 schools.

Question 2Some online sources claim that these targeting groups for pedophiles are defunct, except I do not believe this, as the fluidity of terminology and the plasticization of words are more common among the LGBTQ+ crowd than among politicians.  To date, I have not found a single organized group where women groom young girls into lesbian relationships.  I mention these two items because conversion therapy goes both ways, luring into homosexual relationships and luring into heterosexual relationships.  I have witnessed women practicing witchcraft introduce lesbian lifestyles to their adherents, and I have witnessed several Wiccan groups preach the same lesbian lifestyles to their supporters.  However, I make no judgments or broad aspersions beyond my experience as I do not have enough information on the grooming of women into lesbian lifestyles.

However, the fact remains that the LGBTQ+ community is controlling the conversation.  The volume of disinformation in the LGBTQ+ communities is based on a lot of fear and twisted science, and by preventing the whole discussion from occurring, censorship is hurting people.  All I am asking for is the disinformation and censorship to cease.  If you believe your cause is correct, allow the complete discussion to occur, discuss the pros and cons openly, detail the consequences and potential harm.  We already do this, by forced mandate, for heterosexual relationships; what is there to hide in the homosexual relationships that command all this hatred for telling both sides of the homosexual story?  You, the LGBTQ+ community started this conversation, so let’s have a full and honest discussion.

Knowledge Check!You, as an adult, consenting, can do what you please.  I merely ask that you stop interfering in the transfer of information so young people can have all the facts.  Before they jump into a relationship that can physically, mentally, and emotionally scar them for life, be that relationship hetero or homosexual.  End the censorship!

© 2021 M. Dave Salisbury
All Rights Reserved
The images used herein were obtained in the public domain; this author holds no copyright to the images displayed.