But without faith [it is] impossible to please [him]: for he that cometh to God must believe that he is, and [that] he is a rewarder of them that diligently seek him.
The war is over; the rich lost.
The Fix Is Inn
I hope you read it, no matter where you go. This great engineer could save our country, no matter how broken you think it is. He always knew how to start, and he always made his every step better.
The difference between a deal maker and a junk dealer is the latter's price of admission. Life's opposing forces, the elements, are the junk one turns to posts.
One of the biggest misconceptions in finance and business is that the Federal Reserve (or its Board of Governors) sets or controls interest rates in the larger economy. This belief is entirely false. Credit market makers, the owners of wealth, both set and control lending and borrowing rates within a very large band of limits ranging from less than nothing, to outright, overt usury. The Federal Reserve was set up as a policy instrument over federal banks, and to a very large extent, other banks, as well as the Treasury of the United States. In no sense whatsoever has this board, nor any branch of government, any right nor authority to name or control credit terms, beyond their making rudimentary suggestions which federal banks (owned by their shareholders and depositors) are inclined to observe and agree. America's bank regulatory authorities, under the control of congress, set and maintain the laws of commerce and their bounds, being advised by hundreds of years of practice in both criminal and civil procedure.
In the current moment, as interest rates flux, rate decisions are governed in the money markets by wealth holders, and this is for the safety and security of the assets, should the government itself grow irresponsible. The illegitimate teachers of public opinion will not likely choose to make this clear, for it is in their interest to develop myths concerning money, as they have for centuries, and wealth holders are pleased with this arrangement, too, for it keeps the prying eyes of the disenchanted at bay; fires political debate in the clouds of nothingness; and leads to the kind of misgivings and nonsense that world affairs have prospered under since notes have fold.
When an authority overspends its fiscal budget, it has to take any shortfalls to the markets; and that task falls to its monetary agent, as vendor of the money, through a mechanism of trade or offerings establishing a supply of money. Money amounts expand or contract as the debts or detractions are made or destroyed. Money value is largely by comparison with other currencies, financial systems, or assets traded in ready exchange. Part of money's attractiveness is its ability to earn, which its holders revere, and its users eschew. This is a gross simplification of a complex finance which leverages copious assurances and gimmicks to keep millions of people occupied, leaving no other choice than to trade things, or values, not normally at market. Labor; redemptive qualities; necessities; other detractions; all may be exchanged, or put off, in trade. Morals notwithstanding, the best of everything is that which people desire, and this especially holds true of money.
There comes a time in public life when national institutions require more money than diligence demands, simply to indulge irresponsible behavior, or to gratify its urge. This excess spending is usually associated with the purchase of favoritism among society's components. It may also be attributable to rightful spending which is overly ambitious, given one's means. In either case the right remedy is not to provide the wanted funds so long as the penalty of higher interest is paid first. This method of false economy penalizes the segment of the system who lives and acts within its means. But, beyond that, bad money judgment destroys the quality of the money, leaving the entire monetary system at a loss. Though many lenders stand ready to make irresponsible loans, especially to sovereign entities which are considered to be irreplaceable, there is less temptation to do so when interest rates can be suppressed as a means of systemic protection. Eager lenders always exhaust their money supply before that time comes, as the quality of their balance sheets becomes their prime concern in a healthy system where a lower tier of lenders always fails, of necessity, and whose assets are then taken up by stronger institutions. Where universal bad practices prevail, a system's state sovereignty is thrown into jeopardy; and even war and widespread calamity can enter through a prolonged, or an instant, power struggle. High flying birds of prey surround the globe in search of weak financial systems they may topple at the slightest instigation, sweeping up their true wealth and then disappearing into a cloak of admiration and respect served by ever-worsening norms and standards. When the day comes their necks are exposed, the hawkish squawk should be unbearable.
I will make this brief. The next misconception is that market makers fear a market crash. This is not 1929. They leverage their losses completely and make ten times more money when they pull the plug as when they let you plug along. Virtually, there are no more little guys in markets. They have long since been cleaned out in the outlandish waves. What we have today are the investment funds of government players who have stolen from the public for sixty years and now own it all through consolidation. Anything left they haven't already captured can be absorbed at any time on a fake-out fall, every dollar of which goes straight into the pockets of the fakers, tax free. The world's losers will be told that things were too top heavy to keep afloat. But all these wizards do is to devise schemes, rakes, hiding places and more jabber pilather than a host of Washington machines can rinse out. When you see their lead bank say duck, you'd better bow your heads in prayer for there'll be nothing left in the morning.
Alas. If we brought back the junk dealer, listed above, and let him operate for three or four decades, unfettered, he could deconstruct the entire madness and level things out, bringing back our white gloves and grandiose style more virtuous than in the beginning, should we be able to round up his price of admission.
Survival is a matter of conquest.
Ideals of every sort are a moving target.
As it was foretold, when the end was sought for the plague of plagues in the garthen of prayer, I would abolish it; that was done on Inauguration Day. There is no power under heaven or earth that could bring it back. The foolish curators of its cures told you, as they stirred their caldrons, the morbit potions had no promise of curing anything, even as we saw thousands drop dead from their fatal flirtations with them.
But peace and release both grow and flourish in the gardens of the their fated beauty, no disease nor predator running after their divides.
The United States Government is not real. It is the equivalent of a thirty-three hood ornament leading a Pontiac Chief.
Monetization of trillions of dollars of shutdown debt is destroying other world currency capitalization. This is prompting military response. The globe now faces certain atomic retribution across the Northern Hemisphere.
And by now I am not talking about three years. Not at all.
The United States Treasury should buy the Doge Platform to offset its toxic tether to USDT.
The belief in lighting at the incredulous ignorance of the churning of the storm.
After suffering a power failure, the value of Bitcoin falls to zero; but beyond that it ceases to exist. It is no more than an electronic storm held in flux by the mental engagement of its deranged devotees.
Thomas Edison thought that only one per cent of the human population were capable of independent thought, but the age of telecommunications has shown his estimates to have been off by more than 1000 times.