The dog is off its leash; the asset owners promote stupid socialism
Despite concerns to the contrary, the fiscal and monetary authorities have been able to maintain a regime of negative real bond yields, and with inflation raging post-covid stimulus, the government’s real debt burden fades while its servicing costs remain lower than price inflation increases.
While this may have many breathing a sigh of relief, never underestimate the ostensible stupidity that will be promoted by these elites. Of course, socialism and social spending aren’t designed to help the downtrodden, its ultimate goal is to concentrate the world’s wealth into the hands of those who can capture this spending, while concomitantly softening up the populace, making them ever more docile and dependent on their seed feed handouts.
The promoters of socialism believe now’s the time for slavery reparations
To wit, I present the latest salvo of stupidity that will ultimately only impoverish the greater under a crushing increase in the costs of life, while enriching the banking and asset owners. Of course, these two professors believe that the costs don’t have to be passed on to the taxpayer.
To help close the racial wealth gap, the U.S. government should pay $14 trillion in reparations to Black Americans, according to William A. Darity and A. Kirsten Mullen, authors of “From Here to Equality: Reparations for Black Americans in the Twenty-First Century.”
In an interview with CNBC, Darity, a Duke University professor, and Mullen, a folklorist and writer, said the federal government is financially responsible because it was culpable for the enslavement of Black Americans and legal segregation in the United States. Mullen said “the federal government was party” to both the suppression of the Black vote and in some cases the destruction of Black people’s property.
She added that “the federal government is also the only entity that has the capacity to pay the debt.”
Darity and Mullen told CNBC that the cost of reparations would not need to be passed on to taxpayers.
Unfortunately, we all observed in real time during the government’s response to covid just how pernicious large-scale social spending becomes in every aspect of our daily lives. So, don’t raise taxes, let the stupid people pay for it via ever-widening wealth disparities and cost-of-living pressures from monetary inflation. Take a look at how government spending correlates almost perfectly to the ever-rising levels of asset prices. Asset prices rise much more quickly than the managed CPI, and mirror monetary inflation levels.
As we can see from the chart above, as long as the governments can service their debt burdens, government outlays help to enhance asset price increases and, thus, wealth consolidation more effectively than any other single factor. Real bond yields continue to remain firmly negative, so now’s a great time to borrow money or take out a mortgage. If inflation falls further from its recent highs, we can always refinance.
The process of wealth consolidation is fairly straightforward. Social spending distributes vast amounts of money and resources to the intended recipients; in this case, we are focusing on black Americans who have been supposedly wronged by institutionalized prejudice. These welfare recipients will then in turn spend their new found money on items sold by the largest firms. The biggest and most powerful firms in each of their respective categories will end up with this money on their balance sheets.
The bottom 90% lose out, including blacks in the long run, whose spendthrift playing with house money will create excess demand at the worst time. This of course, will work to further racial tensions at a time when the adversary is publicly focusing on easing racial divisions. The irony of it all.
Most of the blacks will piss away their money as quickly as it’s received; it’s human nature to foolishly spend money that is not earned from labor and speculative risk taking, and the bankers know this. These trillions will ultimately end up on the balance sheets of such firms as WMT, TGT, AAPL, MSFT, NKE, KO, PEP, GOOG, PG, MCD, VZ, UNH, AMZN, V, JPM, CVX, etc. The wealth will also end up in the pockets of the sports teams owners and real estate landlords. If you own a portfolio of SFRs, you should also be supporting this largesse as your rents and capitalized asset values will climb nicely. Of course, those who have no way to capture this economic activity and financial wealth transfer lose out. That’s the lower 90% of balance sheet wealth, with the top 1% winning most of it.
Indeed, as with virtually every other type of social spending spree, in the long run, the only people who win are the asset owners, and the more assets a person owns, the wealthier they will become if reparations are made a reality.
Stupid is as stupid does.
Social and government spending levels are purposely becoming very absurd for a reason. The elites know they will blow up the system this decade by engineering a planned war, so the social spending will and must continue to get bigger and more outlandish in their last ditch efforts to extract as much of the last bits of wealth and power to the very end, and in a way the masses don’t wake up. No collapses coming before.
Look at the news story link below. The NBC News editorial desk is right in the DoD Pentagon. They are preparing the country for what’s coming. Prepare and plan on relocating. Shift to homogeneous areas. Take your SFRs and farmland with you. While I think this upcoming war will be fair game in 2027 onward, never underestimate it coming sooner.
The CCP was built up as a strawman enemy since the early 70’s and was presented with little fanfare as friendly trading partner, but now as the time is running closer to war, the government needs to begin depicting China as a potential threat like Russia, so it can say they warned us.
I’m not worried about CBDCs, I am concerned about what will be its catalyst. For those who think the CCP will not ever strike the West and occupy after a missile barrage is foolish. Prepare.
Air Force general predicts war with China in 2025, tells officers to prep by firing ‘a clip’ at a target, and ‘aim for the head’
“I hope I am wrong. My gut tells me will fight in 2025,” said Gen. Mike Minihan in a memo sent to the officers he commands and obtained by NBC News.
A four-star Air Force general sent a memo on Friday to the officers he commands that predicts the U.S. will be at war with China in two years and tells them to get ready to prep by firing “a clip” at a target, and “aim for the head.”
In the memo sent Friday and obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, said, “I hope I am wrong. My gut tells me will fight in 2025.”
Air Mobility Command has nearly 50,000 service members and nearly 500 planes and is responsible for transport and refueling.
Minihan said in the memo that because both Taiwan and the U.S. will have presidential elections in 2024, the U.S. will be “distracted,” and Chinese President Xi Jinping will have an opportunity to move on Taiwan.
2nd comment: MSM biz really pushing black reparations.
In the case of CAs statewide reparations scheme, the wealthy would be taxed and the proceeds would be given to the blacks.
This is actually a very ingenious method to keep the economy and spending going. The wealthy hold their wealth, the blacks will take their given money and spend it. I would buy any company that caters to black spending and own SFRs in black areas.
How to pay for reparations in California? ‘Swollen’ wealth could replace ‘stolen’ wealth through taxes
California reparations task force hears from tax experts about possible sources of funding for monetary compensation for Black Americans