US Infrastructure Meddling and Peddling

The Sky Is Falling! Actually it’s the bridges, the roads, and just about every infrastructure system we have in the US. And it’s Trump’s fault. Wait, it’s also his responsibility, not the ten or more President’s before him… Funny how that works in the public. Get it – Public Works!  Anyway…

So the Dems came up with a fabulous solution but it will cost $1 trillion and the Feds have to pay for it 100%. They don’t actually say ‘how’ the government will fund this, they simply say it will. Interestingly, they managed to come up with this plan right after Trump was elected having pledged his own support for a $1 trillion plan to rebuild infrastructure, despite Hillary’s $250 billion ‘pledge’. And they immediately began bashing Trump for not having towed their line – given it is perfect. So why didn’t they tow that line ten years ago, or even five? Why didn’t they have Obama rally an infrastructure rebuild? Because it isn’t really a plan with directed financing, it’s more like a fantasy without having a clue where the money is going to come from.

Gee, that makes sense.

But wait, there’s a ‘Problem’. You see, fewer people are now working in road building. WOW, New York Times, this is truly great journalism and deductive reasoning. Maybe the reason there would be a shortfall of workers is because there hasn’t been much road building for the last 28 years. Maybe that could explain this anomaly of a deficiency. But that’s not their agenda. Their point is to provide a qualification for bringing in more immigrants to cover the shortfall of road workers that they will claim is caused by lazy American’s who don’t want to work!

FIFTEEN million jobs will be created! That would just about cover all the illegal immigrants in the US. Funny how that works, public.

And this one is good, “Public construction in road building in California was down 27% last year from 2007.” That would coincide with Obama and Jerry Brown not spending on infrastructure, right? Why? Because they don’t have any money! And since they aren’t building, it would logically explain why there are fewer workers, because, workers aren’t going to sit around for a decade waiting for a job unless they’re on Welfare, which maybe they are!

And here is the best: “They (the government) should devote resources to building…” What resources? Still, the media laps it up like a lost dog offered bacon.

Trump’s plan involves privatizing roads which means tolls. Dems don’t like that. Why? Because then they will have to pay equally? It’s a use tax which makes logical sense, “if you use the road, then you pay, if you don’t use it, then you don’t pay”.   What’s not to like? Well, politicians get an allowance for everything anyway, so whether it’s a gas tax or a toll, they will be reimbursed. So in the end, like Obamacare, politicians won’t pay for infrastructure any more than they do for health care.

California Exit – A look Inside…

If California is successful in its bid to partition the state into the good guys and the bad guys, with south western California relegated to the Liberal whacks and the rest of California to the ‘others, what would that really look like?

First, the section that is the Liberal southwestern section also happens to be the same section that is devastated by continuous ‘severe droughts’ due to incompetent Liberal government action for this seven year itch.

In addition, the predominant wine country region happens to be on the eastern half of the ‘country’/state. Oops.

And thirdly, most of the upscale lavish lascivious elitist self ascribed loons accumulate their wealth in this tight enclave – with the exception of Silicon Valley – or Death Valley – and San Francisco – think ‘fire’. So the arm reaches would have to extend to those specific areas as well for the doleros – leaving splinters of ranchers, winers, illegal immigrants and rural farmers the remainder of the continent/country/state.

But then what these braveheart elitists seem to have overlooked is the fact that they wouldn’t have any water, guns, security, food, or wine. And trucking it in costs mucho dollero at the hands of mucho banditos. But stupid is as stupid does.

And guess what those ranchers, winers and farmers would do right away? Lower taxes and get rid of welfare. So all the illegals would flock to the wealthy sector that has no water, no wine, and no food… and without a means of earning a living they would turn to crime using the guns they bought in western California. The Hollywooders would cry fowl and try and make the westerners responsible for the actions of the illegals and a food/water/wine war would break out.

Soon the Hollywooders would be forced to ship their goods in from Venezuela, Chile, and Brazil.   But it wouldn’t be organic, so they’d have a protest march and send a spokesperson to South America – Rosie.

But in the meantime, with no police to protect the Hollywood babel of protestors, they would be left to the anarchists from the North. Homes would be torched and houses confiscated by the M-13 Gangs who raped and pillaged as they easily won a war where weapons were a one sided proxy.

Rosie would be pummeled with tomatoes soaked in Monsanto’s glysophate and run home screaming about global warming while hijacking her private jet that consumes 4 billion tons of energy. All the while she would pray to the god of lala that her jet would land in Canada and not in Saudi Arabia because all airfields in western California were shut down due to nuclear threats and she didn’t have a hijab to her name.

A rash of fatal cancers would break out in LA as it became known that the wine being imported was made from beetle dung and crickets. The best doctors would be flown in from Cuba and provide their analysis – it’s the pharma drugs stupid – not the wine.

The fires would consume Hollywood, the parched earth would flake off and crack into the ocean and Hollywood would blame the flipping Trump and his family for not protecting them from the ravages of their life all the while cracking lude jokes and making grotesque innuendo’s befitting a redneck on a rain soaked sofa in his yard on the backside of the blue ridge… singing ole-da-la-he-ew as Mary Poppins parachutes down from the west winds and tells everyone they just need a spoon full of sugar. But it ain’t sugar, it’s crystal meth and – everyone dies.

And the moral of the story?

Madame Bovary by Gustave Flaubert: “You can’t always get what you want, but that’s no reason to poison yourself and die a horribly slow and painful death.”

American Recovery Act: A PONZI Scheme

IN 2009, as a part and parcel of the American Recovery and Reinvestment Act, President Obama allocated $14.7 billion to repair and modernize public housing as well as offer tax credits to builders for financing low income housing construction. Today, this portion of the Act is being hailed as a complete failure…

Of course, the failure is not being blamed on the Act or Obama, but on ‘White Contractors’ and racial prejudice.

It is another form of forcible equality in a world that is and always will be ‘unequal’. Knowing that even a newly constructed modern housing development will soon be left to squalor and decay because maintenance is a foreign concept, it is no wonder that neighborhoods clamor to object when their property values will tank in response.

New York is the perfect example of the throw away ideal in which HUD Housing was left to rot, rents were not collected, and buildings became rat infested homes for squatters.   De Blasio’s response was to shutter them and ask for more money to build new ones that would eventually evolve into the exact same state of deterioration. Why? Because maintenance costs money that De Blasio would rather spend on wealthier initiatives…

Of course the other more glaring hypocrisy of this debate is the fact that HUD housing is comprised mostly of whites in poverty as they make up the largest statistic… Oops.   Second are Hispanics, and third are blacks. This reality rather flushes the obtuse racial discrimination claim as an issue and puts it where it belongs – in the twalette. Trying to foment divide based on race is the number one promotion of Mainstream Media.   Obscuring facts, playing roulette with statistics, and downright lying seem to be the new normal. While they claim to represent The People, their journalistic philandering is rife with corruption.

Part of the problem in the forced housing debacle is the ethical concept of ‘earning what you have’ whereby you are actually rewarded for your efforts… A foreign concept any longer. Free income, free upscale housing, free food, free healthcare, free child care, free transportation… well, why bother to earn a living when you can have everything for free?

But the point is the fact that the class integration was just another failed measure of the American Recovery and Investment Act written before Obama took office by unknown drafters, and pushed through almost immediately in 2009. And like Obamacare, it is an abject failure.

Of the $831 billion dollar package, $155 billion was allocated to Healthcare including, building of VA hospitals…, Medicaid, IT , Research and VA Administration. Mired in cost overruns and mismanagement in the VA core, the $2.3 billion was a failed waste. Interestingly, while the VA got $1 billion for hospitals, NIH got $10 billion. With a $31 billion annual budget, NIH has been scrutinized for less than transparent reporting and vague accomplishments.

In 2009, with the additional $10 billion allocation, their one and only target research was, “how voltage ion channels interact with their surroundings”.   The ultimate impact? Research findings provide ‘perspective’ for a new direction of targeted therapeutic development…

Another challenging use of the $10 billion was to research a new method to measure abdominal pain… Because the pain scale that we all know “on a scale of 1 to 10”, wasn’t definitive enough…

Another $100 billion was allocated to Education with the primary use of the funds directed to “prevent layoffs and cutbacks”. Obviously that hasn’t worked very efficiently either given the latest report states that the US is facing a severe crisis due to a shortage of teachers…

So what exactly did this $831 billion accomplish?

$70 billion was allocated for a one year – 2009 – increase in the Alternative Minimum Tax floor… But the annual revenue raised by AMT per year only amounts to about $35 billion…   So, in other words, we spent $70 billion to reduce receipts by about $10 billion or less given it was only the floor that was altered, not a complete repeal of the tax!

Now that was definitely a worthwhile expense. So where did that money actually go?   We are missing an accounting of the use of these funds… Much of the “USES” were subjective, based on a perceived loss of IRS funds based on credits. So while the cost, the $831 billion, was actually charged to taxpayers, the USE was actually never accounted for or disclosed.

Tch, Tch. Nothing more than a covert Ponzi Scheme, only every single American Taxpayer was the victim. Madoff? Nothing by comparison.

NEXT!

Illinois DEBT – Death March

Everyone is gasping at the absolute bankruptcy facing Illinois – as though this was something new to report – but it’s been ongoing for years if not decades and Illinois ain’t the only one! Indiana, Michigan, Ohio and Wisconsin are all casualties of over spending excesses requiring a per capita hand-out from the Feds of anywhere from $1318 to $1802, or $8.9 billion to $20.4 billion – per year.

Cha CHING!

In fact, Ohio and Indiana get over 33% of their revenue from the Feds in the form of our tax dollars – not well spent!

And where does all the money go in Illinois?  According to the infamous Budgetary Pie Chart titled, “Spending By Function” provided by Illinois, 43% is spent on “OTHER”, 26% on Medicaid, 14.6% on K-12, and 9.3% on transportation.   “Other” includes CHIP, which is actually a duplicate extension of Medicaid, Mental Health, Public Health, Employer Contributions to Pensions (reimbursements), Environmental, State Police, Parks and Recreation, Housing and General Aid to Local Governments.

Of course we all know that the rule in government subsidies is – spend more than you have or you’ll get less next year. So operating at a yearly loss/deficit is beneficial…  and nearly all the states do it.

The total state debt for Illinois is $321.3 billion! The total state debt for Ohio is – $321.3 billion… Huh.   Meaning every person in Illinois is on the take for about $24,900 and every person in Ohio is on the take for about $27,900… Oh wait – Ohio is actually worse off…  Where is the PRESS?

More numbers:   As a percentage of total revenues, Michigan gets almost 42% of it’s income from the Federal Government. If we were to eliminate Federal/Taxpayer subsidies to these states alone we would save $76 billion.  Pensions to all states?  Over $1 Trillion.

With somewhere over 10,000 line items in the Illinois budget under Education, I decided not to review each line… SURPRISE.  But I did note a few fast facts: $1.1+ billion spent on No Child Left Behind, (I thought that was defunct?) ,  $700+ million on Individuals with Disabilities Act, (That’s for the ACT, not for people with Disabilities?)  $850+ million on child nutrition, and then the ubiquitous – $4.8+ billion on General state aid… I had to add the + sign because each categorical account had their own budget request for the same thing, as in General Aid.

Illinois claims the number of children in extreme poverty to be 267,000, with the number living in poverty to be 591,500.

So where does MOST of the debt load come from? Pensions are numero uno. Medicaid and health care are making a rounding second place in state debt with those costs rising more rapidly.

But before we get our panties in a wad, there are only a handful of states that have a surplus! Those operating at an efficient level include, North and South Dakota, Wyoming, Nebraska, and Alaska.  Oil would appear to be a common denominator.

This is all part and parcel of the Swamp that has existed for decades as politicians are too fearful to actually tell the truth and tell Americans that their belts need to be tightened by 3 to 10 notches!   They can’t tell us this because then we wouldn’t re-elect them because they would be giving us bad news and making us act like adults instead of children.   The Swamp exists – because we elect it. We allow it.

Instead we play with the numbers and statistics and make comparisons that are not relevant, in order to convey a premise that makes people feel good while the Truth is left to die.

A ranking of the Best Run States in the US as of 2015 was as follows: 1. North Dakota 2. Wyoming   3. Iowa   4.   Nebraska 5.   Minnesota. The states ranking in the bottom tier?   New Mexico, Illinois, Mississippi, Rhode Island, and Alabama.

It should be noted that Party affiliation is NOT a factor in the rankings, republican Governors and Democrat Governors are split pretty equally.   North Dakota does spend considerably more of their income on education – 43%, including Higher Education which is minimal in Illinois.   The states with the lowest per capita debt are Tennessee, Georgia and Texas. But the rankings include numerous factors in addition to debt and spending.  Employment, education, the ability to raise the bar in the near future, credit, all are factored in when making a solid analysis.

This is why Illinois and Ohio are perilous with Michigan and Wisconsin on the precipice. They don’t have a future.  Michigan tanked with the auto industry and hasn’t recovered since.  Wisconsin is struggling from a dull manufacturing platform, as are Illinois and Ohio.  Having not diversified and shifted with worldwide trends and economic shifts, their failure is more a consequence of negligible forward thinking management.

Again this is nothing new, these states have been on a death march for quite some time under the tutelage of both Party Affiliations.

And frankly my Dear, the Swamp could really, Give a Damn.

 

 

Trump Tax Plan – Hoopdela

Trump has released his outline for tax reform and the mainstream are going google nuts! They are absolutely convinced that this is a wealthy tax reform that will plunge revenues into the twalette!! The highest tax bracket of 40% will be reduced to 35% and this will decimate the Federal government pockets. OMGosh.

Really?

Because according to the IRS, in 2015 (latest year available), the average tax rate for the 1%ers was just barely over 27% although they still picked up about 38% of all income taxes. The top 50% of taxpayers had an average tax rate just under 15%. And the bottom 50% paid a meager 3.3% in taxes on average and only represented 2.78% share of all taxes collected.  Well how do ya like that!  This aligns rather well with Trump’s plan, unless you are an overpaid tax preparer, an IRS employee, or a Pundit.

One decrier of the plan is Bill Maher, a comedian with a degree in English and History. I suppose that qualifies him to evaluate and analyze finance? Another critic, Ryan Struyk of ABC quoted the ‘bipartisan’ Committee For Responsible Federal Budget.  

It’s current President, Maya MacGuiness, whose background bio includes such media notables as Washington Post, New York Times, The Atlantic, Financial Times and LA Times – all bellwether diehard Liberal organizations, is predictable. In addition, she held a post at the Brookings Institute, another Liberal organization. Hard to classify as ‘nonpartisan’.

The Board is weighted heavily with democrats, including Leon Panetta, Charles Schultz, Robert Strauss, etc… And formerly associated with the New America Foundation, a Soros supported organization. They took a special interest in Obama and McCain in 2008… lauding their budget campaigns. In other words, it is hardly the most reliable in terms of ‘nonpartisanship’.

For the lower 50% tax filers, the greatest advantage is increasing the standard deduction which effectively makes the first $24000 of revenue nontaxable taking a hefty stresser off the table. Critics of the plan continue the same rhetoric as always without ever understanding the main punch – lower tax rates mean more income will flow back into the US instead of ending up in the Caymans, Bahamas, Cyprus and all the other tax havens that wealthy taxpayers enjoy – including Hollywood elitists.

Another ‘nonpartisan’ organization offering their opinion is the Urban Brookings Tax Policy Center whose current President Mark Mazur was an Obama appointee as Assistant Secretary for Tax Policy. The previous president, Leonard Burman, worked in the Bill Clinton White House.  Funding comes from Ford Foundation, Rockefeller Foundation and Gates Foundation…Sigh…Gee REALLY?  All quite Liberal.

I think a part of the failure of the analyses is that it comes from people making tons of money, they don’t understand the mentality of someone making just enough to pay the bills, and can’t predict that reaction. In contrast, failing to take into account the offshore money is very short-sighted. Failing to look at the sources of tax revenue historically, is also short-sighted.

Failing to check your SOURCES – is also pretty critical.

According to the Liberal MSM, The New York Times, The Cayman Islands hold $1.9 trillion in US dollars on deposit. The Swiss hold $3 trillion in Swiss francs. IBC’s and trusts account for trillions. In fact, it has been estimated that between a third and a half of all the wealth of the world’s high net worth individuals is sitting in offshore accounts. Why?

Taxes.  And its not coming back unless there is an incentive.  Pretty basic economics.

The other half of Trump’s tax plan affects businesses by cutting the rate from a top tier of 39.6% to just 15%. Ultimately this will encourage spending, additional hiring, and raises. It won’t happen overnight. But this effect could be the biggest equalizer encouragement. The effect of lowering tax rates has been proven over and over again as an economic stimulus.

In this instance it has the added bonus of encouraging large corporations who have offshored their headquarters to tax haven countries, to relocate back to the US.  Despite all the analyses, this one equalizer has not been utilized in making predictions.  Why?  Because it hasn’t happened.  Corporations keep moving away – they don’t come back unless they have that diehard gravity – incentive!

Again, this will take time to implement in terms of feeding the economy, but the measures could sharpen the revenue stream significantly.

While some Republicans eagerly proffer negative reviews claiming the tax reform will not ‘blow holes in the deficit’, they seem to miss the point that – THAT is NOT the Point. It is as though the search for a negative no matter how forlorn, far-fetched, ambiguous, destructive, or just plain ridiculous, is the only agenda.

It’s an ego war.  ‘Well I didn’t think of it, so therefore it probably won’t work…’

Even more telling:   How can these in-depth, analysis Committees and policy groups and pundits release their ‘in-depth analysis and criticism’ one day after the outline is made public?   Because in the real world, such analyses typically take months, if not years, in government circles. They require complete knowledge of the entire plan, not just an outline, as Trump provided. They require multiple experts plugging in numbers, ratifying data, creating algorithms, and then fixing all the inevitable mistakes they have made, resubmitting left out data, and creating new templates.

But then it wouldn’t make for good Entertainment and media mania…

Middlebury Riots – a generation of daycare children?

Watching the latest Middlebury riots, the level of violence in our youth seems to have reached levels of entitlement without consequence. And this unruly behavior is rooted – at home – with parents. It is the parental responsibility to teach values and ethics to their children beginning in the home – so that they understand it is not tolerated, not permitted, and will have consequences. Unfortunately, it would seem that consequences in the home – in the schools – and now in the universities is non-existent.

Why?

Perhaps the correlation is that more and more our kids are not raised by parents, instead they are raised by institutions, as in DayCares. Not unlike the State raising children without moral boundaries, love, discipline, or virtue.

According to The National Center for Education Statistics, just 13% of children in the US get home-based relative care. This doesn’t mean a parent, it simply defers to ‘any relative’.

Twenty five years ago when daycares shifted from the helping hand to the prime parent, psychologists insisted there would be no ramifications. Instead they sought to encourage this altered state of the Family. They promoted daycares as a good, healthy, social environment. And they derided the home based mother as repugnant for holding their child back from an opportunity!

It’s much like Dr. Spock who decried that actually embracing or kissing your child could lead them into becoming a clingy cry=baby ninny. Or when our esteemed government told mother’s that formula was far superior to breast milk – and an entire generation was raised without antibodies to fight diseases.

We are now forced to live the consequence of this very stupid psychological mumbojumbo MESS.

New studies show that:

1) Children who attend daycare centers tend to exhibit more behavioral problems

2) Age of entry and quantity of time spent in daycare are directly correlated responses to the problem behavior

3) Children who spend more time in daycare more likely to exhinit negative behavior

4) Children in daycare during infancy linked to lower cognitive scores.

5) Extensive daycare experience associated with insecure attachment to mothers.

6) Parents who put their children in daycare are less likely to discipline and provide parental guidance to their children

7) Daycare children were more likely to have academic school problems, health problems as well as advanced behavioral problems.

OOPS! I guess all those expert psychologists from 25 years ago were all dead WRONG.

Further studies have shown that there is also greater inability to engage in a relationship. The new generation doesn’t want kids. They don’t want a family. Their entire world is conceived of self.   Another fabulous concept ingrained by the psychology kingdom. Self books, self need, self desire, pay attention to self, self is everything – until those selves become infatuated with nothing else.  It is an addiction – self absorption.

Daycare was not created to replace mom and dad, it was created to assist single mothers who needed to get off welfare and train in some employment capacity. But the media led us to believe that if the wealthy could have nannies, daycare was the middle class nanny so that moms could tend to ‘self’.

Growing up in a daycare is really not much different than growing up in an orphanage. Twelve hours each day under state rule, only to be taken home by a weary, exhausted mom who just wants to put their child to bed.  I remember when I had my daycare center and moms petitioned for me to have weekend overnights at the center for their children so they could go to bars, and parties and such…   I didn’t.

So if you want to know why these ‘children’ are now rioting at Berkeley, Ferguson, Middlebury, etc…, they have no discipline structure – and the Universities are so afraid they might lose money over disciplinary action, they fall further into an existential trap.

Odd Segway: Remember how the entitlers strove to shut down Ivanka Trump’s clothing line causing many department stores to pull her line? The retailers acted out of fear and succumbed to the bully tactics. But the result has been that her line is doing famously! And in the end, the retailers have lost sales , lost income, and lost respect as the majority spoke.

Imagine what support a university might find if the conservatives discovered that the school actually had values and consequences, and bullying, violent, bratty children – were no longer tolerated?

Federal Reserve Tyranny

The Telegraph is highlighting a story in which former Federal Reserve agent provocateur, Greenspan, denounces Trump, stating that he will return the US economy to 1970 levels, and stating that the EU has destroyed itself by supporting failing economies…

Of course this is the same Greenspan who was labeled the single handed catastrophe for a roller coaster economic joy ride during his tenure. To give him credit, maybe he feels he knows best based on the results of his abysmal failed decisions…

Specifically, Greenspan notes that ‘America’s huge debt pile’ can not withstand the Trump infrastructure policies. Well gee whilakers, has he been living in a vacuum? America’s debt was $2.34 trillion when Greenspan took over the Federal Reserve in 1987, rising to $8.5 trillion – an increase of just under 400% by the time he threw in his jacket – 2006.  After, during the reign of the Obama rule of order, the debt increased to $19.5 trillion – again more than doubling!

Why wasn’t Greenspan making any noise before? What policies led to an increase of 900%?  According to Greenspan it was all China’s fault…  Sound like a familiar game?  Blame?

According to some theories, the deficit as a percentage of GDP is more important than the actual debt, which measures the ability to payoff the debt. In addition, the Baby-Boomer generation was considered an economic boom as they created a Social Security Surplus from which the government borrowed to pay ‘other expenses’.  So according to the ‘government’, it ain’t so bad… really we promise…

But the age of the Baby-Boomers came to an end and government, for all their uncanny wisdom looked no further, didn’t plan ahead, didn’t think about their policies that would bring it all to a screeching halt.  And here we are – staring at a massive mess!

Over and over again we hear the reasoning Germany and Sweden give for allowing massive refugee’s into their hold – it’s to offset the diminishing population as childless couples became the norm after the Boomers and the economy is going to spiral and tank!   They need these young refugees to ultimately support their economies. Of course, they forgot to note that most of these refugees don’t want to work, aren’t qualified to work, have no language skills, and an agenda of ‘hate’.

As in – oops.

The Congressional solution?   Attack Social Security, of course!  Brilliant!   Increase the age of retirement, decrease the monthly payback of our money, and leave Congressional pensions alone and healthy.   YUM!   And a little icing is always in order –  give themselves a few raises as a pat on the back for their in-depth wisdom in coming up with this solution… while they whine that their meager salaries, benefits, pensions, and millions in assets cannot cover their day to day living…ta-da.

So what is Greenspan’s solution, this man of infinite knowledge?  He states that we should double or triple the capital requirements of banks so that they will be discouraged from making loans. Huh.  Isn’t that exactly what Obama did for eight years that created a vacuum of empty growth and the near decimation of the middle class?  Once again, the Wizard of Oz speaks behind the curtain of smoke and mirrors…

According to John Taylor, a former colleague of Greenspan, and a professor at Stanford, everything Greenspan did was the polar opposite of what he should have done. While Greenspan blamed China for his failed policies, Taylor blames – Greenspan.

According to Taylor, the boom-bust rollercoaster that Greenspan created could have been avoided if he had simply followed the methodology initiated by his predecessor.  Of course, there is the alternate theory that the Federal Reserve is really just a private boys club and should be eliminated altogether.

By comparison, the EU has the European Central Bank, which was only just established in 1998 to do what the Federal Reserve does in the US. As of today, their interest on reserves is -.4%, and their bank rate is 0%.   Sound like a winning strategy?

Despite it’s short life, the ECB is under considerable criticism for it’s lackluster performance, not to mention it’s controversial President, Mario Draghi. Previously from Goldman Sachs, a member of the Trilateral and Bildeberg group, a member of The Group of Thirty, and quite chummy with the Rockefellers, the cabal would seem to be a part of the shadow government, if not the leads.

FYI;  Bernanke, Greenspan, Volcker and Yellen were all chummy with the same cabal… ALL.

 

 

Trump’s China Policy = Anti-Globalization

Like most economic thesis, there exists the definition on paper, and the dichotomy of real life. Globalization, on paper, has some real benefits that could advance world economies as a whole, however, when placed in the hands of man, this same model is brimming with corruption.

It is this distinction that perhaps explains why Trump favors Russia while opposing China.   Russia opposes globalization because it saw the ramifications imposed by the Soros cabal in its attempt to infiltrate Russia’s economy.

“Where the money goes, so goes the power”.

Globalization is in reality a form of colonization.

Africa is the most obvious victim of the reality of globalization. On paper, when the money moves in the concept is to bring the level of the people to a heightened level of economic wealth.   The tag lines include;   Infrastructure Development, Jobs, and Greater Food Supply!   However, when these models moved into the African Land Grabs, they evicted the locals, brought in labor from outside, and exported the crops.

The people were actually worse off than before. And the ownership of land shifted to a global elite who then held greater access of control over the nation, ie, it isn’t Sudan any longer, in reality it is Open Society Foundation, or China, or US or Norway, or UK, or Saudi Arabia.

China is desperate. Their resources are nearing extinction and globalization is their bread and butter. In contrast, Russia is wealthy in natural resources and has managed to keep foreign nationals from breaking down that wall.   Trump’s proposal to befriend Russia holds many benefits including the shared ideology of anti-globalization philosophies.

Globalization was supposed to allow for les expensive exchange of goods, but in order to compensate for the loss of labor and manufacturing, 161 countries created the VAT tax on imports which in many countries is over 21%.   And while the cost of consumer goods is lower, the loss of jobs grows steadily higher. Less jobs, less wealth, more social entitlement necessary, more divisive attitudes, more anger.

Liberal agenda’s supported this trade-off because it buoyed personal gain, the greed factor inherent in globalization. In addition, globalization was the precursor to corporate emigration from the US as lower wages translated into bigger paychecks for CEO’s and CFO’s. Average CEO compensation compared to average worker wage has increased dramatically during this globalization transition, rising from an eighteen multiple to over 400x multiple.

The rich get richer.

Controlling the money is the key to controlling the people. That was the whisper behind the creation of the Federal Reserve, another globalization gift to the US.

China’s view of globalization is preeminent. Undoubtedly, the advancement has earned them greater wealth and super power status in a few short years. Since 1978, China’s GDP has grown at a massive 9.8% annually, while the US average is a piddlin’ 2.8% average.  Our net exports with China are a growing embarrassing deficit, and the benefit of less expensive goods is obviously, of little consequence to the wealth of Americans.

So why is Trump pro-Russia and anti-China?

The downward spiral that real globalization has wreaked upon the US economy, as opposed to the fancy writings on worthless paper that hype a failed policy that has created massive income disparity and loss of wealth!

De Blasio’s Blubbering Bumbles

Mayor De Blasio seems to be confident that he doesn’t need Trump, won’t abide by the rules, and will circumvent the law in order to maintain a healthy, wealthy and wise New York City bereft of Government subsidies…

The audited financial statements for fy 2015 say – Not So Much! Below is just a small fraction of the discrepancies:

  1. The audit found that DOE’s controls and management over its computer hardware were not sufficient to ensure that it could properly account for the computers it had purchased. DOE did not maintain a centralized inventory of computer hardware purchased from Apple and Lenovo. Further, DOE did not reconcile the individual DOE sites’ inventory records with its Asset Management System (AMS), the database used by DOE to record computer hardware delivered to DOE. Consequently, auditors could not rely on information in AMS, and the system could not properly identify where all of the computers paid for by DOE were located.
  2. An audit examined whether NYCHA had adequate controls in place to accurately monitor and track vacant apartments in its public housing developments the audit found that NYCHA had inadequate controls over the monitoring and tracking of its vacant apartments. NYCHA did not ensure that vacant apartments were repopulated with new tenants in a timely manner.
  3. The audit disclosed weaknesses in DHS’ oversight and controls over its emergency contracts. DHS did not have formal monitoring procedures, nor did it have sufficient evidence that oversight and monitoring activities for the contracts that were the subject of the audit took place. In addition, DHS personnel did not adequately review or check invoices and supporting documentation for accuracy prior to payment. Finally, emergency contract managers did not perform satisfaction assessments of shelter clients as required by the City’s PPB Rules Chapter 4, §4-01(e).
  4. The audit found that DCAS does not adequately account for and manage its inventory of City office space. The agency does not have a reliable computer system or an effective tracking tool to assist in processing moves and renovations, or with maintaining an inventory of all City office space.
  5. The audit determined that HRO failed to implement proper controls to ensure the appropriate, prompt and efficient delivery of services to applicants for benefits under the BIB Single Family Program. Specifically, HRO failed to effectively monitor the work of the multiple consultant companies hired to carry out the program. As a result, by December 31, 2013, seven months after the program began accepting applications and over a year after the storm devastated homes along the coast of New York City, only 960 of the roughly 20,000 program applicants had met with HRO to discuss the options available to them through the BIB program and zero applicants had actually received any program benefits.
  6. The audit found significant deficiencies in NYCHA’s internal procedures that resulted from management’s failure to institute adequate controls over inventory operations. Consequently, there is limited assurance that the inventory at the satellite warehouses and the development storerooms is adequately protected against misappropriation or theft.
  7. In the case of the City, liabilities and deferred inflows of resources exceed assets and deferred outflows of resources by $181.8 billion at the close of the most recent fiscal year,

Net Pension Liability for the City is $52 billion as of FY June 2015.

IN FY 2013, Federal aid to fund the NYC budget amounted to roughly $46 billion representing about 28% of their revenue.

Pensions and debt service amounted to over 21% of the annual budget…

30.3% of working families are 200% below the poverty rate, 22.2% of children in the city are in poverty, and 35% of single parent families live in poverty.

Is De Blasio’s Blubbering against Trump based on his own successes? Obviously not, yet he threatens to extend the deficit hole of New York City by forfeiting 28% of the City’s revenue base so he can personally fund abortions, pensions, Medicaid, and HUD housing deficiencies…

Stupid Is As Stupid Does…

China Trade vs Trump: Never Underestimate your Opponent

We are witnessing a phenomenal shift in world economic and military priorities – and it will rock the axis!

While old schoolers, McCain and Hillary Democrats continue to scream about the evil of Russia, the business climate is shifting and the once very reserved Xi Jinping, is showing cracks.

Turning on a dime, Trump is focusing on economic drives instead of military regime and war. For decades the US has concentrated on the military cockfight that has been endless since WWI. Instead of building, we have been massively destroying. In the meantime, China was able to quietly and slowly run the race of the Tortoise and the Hare.   They had no interference. And the smug win is now on a precipice that could revolutionize the future!

That being said, there is a delicate balance. However, what Trump is advocating is a new Power strategy, a new Power broker, and an Offensive Action instead of the whiny defense we’ve been playing. Xi’s response shows his weakness. Warning Trump to maintain status quo, warning Trump to back off, “warning Trump” is not going to win points.

While the defensive argument focuses on Treasury Notes and a Trade Balance, our trade balance operates at a massive deficit each and every year. That isn’t working! Instead, focusing on the offensive, China has a tremendous (Yuuuge) fresh water deficiency, and oil scarcity; two highly necessary commodities that support not just trade but sustenance.

China is the third largest importer of US goods topping out at $380.8 billion in 2016 according to government reports. However, what is more important is the deficit of trade with China which is consistently 400%!   That means that China needs the US 4 times more than the US needs China…   And Xi, is nervous.

Since 2003, food exports from the US to China have risen 500%. Over 20% of China’s farmland has been polluted by industrial waste. Even more crucial is the fact that China has to import about 40% of it’s agriculture water needs.   But it isn’t just agri related, China imports bottled water from Taiwan, South Korea, the US and a smaller portion from Canada.

Water is Gold.

Does this make China our new enemy? NO! It simply means that recognizing a shift in priorities, toward better trade pacts, may not be what China – wants – but it will create a true re-alignment of trade balance that alleviates the ridiculous deficit we have made our norm.

But even more fun is the fact that a Trump alliance with Russia goes against every grain of George Soros and his cabal of World Order philanderers. It means that the entire chaos agenda, racial divide and terrorist rise in order to create a destroyed world from which a new world can rise – may have just been decimated.   And The Hunger Games? Simply a fantasy future, and not the destiny direction Soros and Hillary fought for so adamantly.

China, Soros, Rothschilds? Take heed your own philosophy, Sun Tzu’s, The Art of War, “never underestimate your opponent”.

Negotiation not Threats and Warnings will be the new norm!