Sunday, April 14, 2024

 a youtube short illustrating black privilidge;


 in two minutes you get a definition of 'equity' for 'woke' purposes;


a small bit of evidence reinforces pcr's post earlier this am in which he points out the demise of the skill based nation and devolution into a social engineering game; 

Parents in Seattle are furious over the termination of a program for the gifted and talented children simply because " it had too man...

 Parents in Seattle are furious over the termination of a program for the gifted and talented children simply because "it had too many White students."

The Seattle Public Schools (SPS) has a program called Highly Capable Cohort (HCC), which designates classrooms and sometimes entire schools as reserved for kids who can skip ahead and learn above their grade.

Katie McAllister, who's son has ADHD, said that the HCC program "was a real lifesaver" for her son who spoke in full sentences before he was two and learned to read by age four. "I don't know what would have happened if he was in a neighborhood school," she added. "Because he can be really frustrating [to the teachers around him] if he's not challenged."

SPS began phasing out its HCC schools and classrooms for advanced students in the 2021 to 2022 school year to address "historical inequity," because these schools had too many White and Asian students and not enough Black and Hispanic students.  

In total, another 11 HHC schools dedicated to highly capable learners will be phased out in the fall semester. The phase-out is expected to be completed by the 2027 to 2028 school year........more.........

 two minutes with jk rowling battling the first minister about his new law installed to assist with the motherwefers goals for the world. more than ninety percent of scotland is white as its history;



the link to the referenced information is in blue below but i suspect you'll have to go to the more link for an active connection, though i did post this referenced link earlier with the pic of obama and holder. it aught to be front page news in any surviving newspapers; 

Want to know why Congresscritters are so compromised and deaf to our pleas?

Why the very obviously treasonous ones never get punished?

How this whole LAWFARE bullshit got started?

How they stole our last several elections?

How they got away with the Trump Russia. Russia, Russia ruse?

This and MUCH MUCH more is very carefully laid out and explained by the incomparable Sundance over at The Last Refuge.

Be warned, this is a DEEP DIVE into our complex political system and how it is laid out and how it has been completely taken over by the Intelligence Community, by design and over a long period of time.

It is a long read and it will require thinking on your part. My eyes glazed over a few times but I shook it off and re-read what I had to so I could digest it all.

I’ll give you a teaser, the names Barak Obama and Eric Holder are intimately linked to it all.........more.........

 about two minutes of rant that sums some of it up;


 russia and the putin have laid down their conditions here and its quite simple;

President Putin this month said this is a necessary response to Ukraine's own cross-border attacks on Russia's energy sector, which has been devastating of late, resulting in a significant drop in Russia's gasoline production.

But lost in the global geopolitical headlines, which have been largely driven by the Israel-Gaza war and a showdown over the coming expected Iranian attack on Israel, was the shock statement by Russia's ambassador to the United Nations this week.

During Thursday's UN Security Council meeting, Vasily Nebenzya, the Permanent Representative of Russia to the United Nations, said that Moscow now expects the "unconditional capitulation" of the Zelensky government.

Ambassador Nebenzya told the body:

"This is how it will go down in history - as an inhuman and hateful regime of terrorists and Nazis who betrayed the interest of their people and sacrificed it for Western money and for Zelensky and his closest circle.

In these conditions, attempts by the head of the Kiev regime to promote his formula and convene summits in support of the Kiev regime cause only confusion.

Very soon the only topic for any international meetings on Ukraine will be the unconditional capitulation of the Kiev regime.

He emphasized in conclusion to these provocative remarks, "I advise you all to prepare for this in advance.".....more........

 this would hurt i'm sure;

 caitlin's first sentence below sums up my feelings and thoughts about the iran/israel game;

It’s like if someone ran up and sucker-punched somebody at the bar, and then everyone started screaming at the guy who just got punched that he’d better leave the other guy alone and stop being a bully. 

Iran appears to be poised to launch an attack on Israel in retaliation for the Israeli strike on an Iranian consulate building adjacent to the Iranian embassy in Damascus, which killed 16 people including multiple Iranian military officers. Iranian forces have already seized an Israeli-linked cargo ship in the Strait of Hormuz, and Tehran continues to vow that it will soon retaliate for the embassy attack at an undisclosed time.

Iran has reportedly said through Oman that the scope of the attack will be calibrated to avoid escalation into an all-out regional conflict. Reuters reports that Washington does not expect the retaliatory attack to be large enough to draw the US into war, so both Washington and Tehran appear to be saying basically the same thing about what’s coming. So as things stand right now it seems both sides see it as unlikely that this will be the spark to ignite a new war of profound horror in the middle east.

What’s really interesting about this situation right now is how western empire managers and propagandists have been framing the coming Iranian retaliation to suggest that Iran is about to attack Israel out of the blue, completely unprovoked. As though bombing an embassy would not be considered an extreme act of war by any nation anywhere on earth.........more........

 catch 22

 it will be a red letter day when israel is gone and we can focus on other matters of which there are many. here is some evidence to show the ultimate goal of the zionists, much of which is in their own words;

When they met in 1990, Chabad chieftain Menachem Schneerson predicted Satanyahu would  become PM and start WW3 in order to destroy civilization, a prerequisite for the return of the Jewish Messiah, the Antichrist.

Obviously, Satanyahu attacked the Iranian Embassy in Damascus to entrap the US in such a war.

 A Reddit Conspiracy reader gets it:

“It amazes me that no one is talking about the real motives of Israel striking the Iranian embassy Let me walk you through it: Israel drone strikes Western aid workers in Gaza.

The USA responds by strong verbal criticism and supposedly a threat to change the “unconditional” support Israel gets from the USA. Israel realizes they need to force the USA completely back on their side.

Israel immediately strikes the Iranian embassy/consulate in Damascus, a highly provocative move. Israel conducts the strike without telling the USA, likely because they knew the Americans would stop them. Now the USA has no choice but to back Israel 100% against any Iranian response or else be accused of abandoning their “strongest ally”.

Whatever apparent or real “tension” there was between the USA and Israel is now old news and forgotten. Israel has once again completely outmaneuvered and redirected the USA in favor of its interests and against our own. The vast majority of Americans don’t want to be dragged into another war in the Middle East.

In the words of Netanyahu himself: “I know what America is. America is a thing you can move very easily, move it in the right direction. They won’t get in their way.”..........more........

 another example of 'our most moral democracy' in the mid east acting as they do;

Nearly every story coming out of Gaza in the last seven months has been tragic, but one of the most heartbreaking is the Flour Massacre, the name given to the February 29 incident that left 118 Palestinians dead and 760 injured at the hands of Israeli soldiers as they clamored to receive a delivery of food aid on al-Rashid Street in Gaza City.

It is one of the deadliest mass casualty events Gaza has seen since the war broke out following Hamas’s October 7 terror attack on Israel. There have been conflicting reports of the events, with Gazan health authorities blaming the IDF and the Israeli military saying most people died in a stampede and that they only opened fire in self-defense as Palestinians approached their tanks at a checkpoint.

However, an analysis by CNN shows that Israel is not as innocent as they claim. In fact, after viewing dozens of videos from the event and testimony provided by eyewitnesses as well as forensic and ballistic experts, they have concluded that the timeline of the events provided by Israel is false.

The timeline was released by the IDF on March 8 following an internal investigation. They reported that their tanks escorted an aid convoy into northern Gaza at 4:29am, and they fired “warning shots” to the east to help break up the crowds before firing at people they believed were posing a threat. They then fired more warning shots at 4:45am.

CNN, however, has determined that the automatic gunfire actually started before the IDF claims the convoy went through the checkpoint. They also concluded that shots were fired in close range of the throngs of starving Palestinians who were convening in hopes of receiving sacks of flour at the Al-Nabulsi Roundabout.

One witness at the scene confirmed that the “chaos and confusion that led to people being hit by the trucks only started once Israeli soldiers began shooting.”.........more..........

at some point you must wonder how these 'leaders' ever got to their position of ultimate incompetence, like this example below in which he discovers realities long past their obvious point of obvious; 

Retired UK general Sir Richard Barrons has told the BBC that there is “a serious risk” of Ukraine losing the conflict with Russia this year. With ammunition and manpower running low, Barrons warned that Ukrainian forces may be unable to hold back a major Russian offensive this summer.

“We are seeing Russia batter away at the front line, employing a five-to-one advantage in artillery, ammunition, and a surplus of people reinforced by the use of newish weapons,” Barrons told the British broadcaster.

“At some point this summer,” he continued, “we expect to see a major Russian offensive, with the intent of doing more than smash forward with small gains to perhaps try and break through the Ukrainian lines. And if that happens we would run the risk of Russian forces breaking through and then exploiting into areas of Ukraine where the Ukrainian armed forces cannot stop them.”

Barrons served at the head of the UK’s Joint Forces Command from 2013 until his retirement in 2016. Unlike some former Western military chiefs who still claim that Ukraine can defeat Russia on the battlefield, Barrons has warned since last year that the conflict is unwinnable, and could potentially drag on for decades.

Since Ukraine’s much-vaunted summer counteroffensive petered out last October, Western analysts and officials have warned that shortages of troops and ammunition could lead to a sudden collapse of the Ukrainian front.......more........

 the germans seem to have a predisposition for repressive government in any case that opposes their 'current' bias;

In a shocking, yet expected step, Berlin police raided and shut down the “Palestinian Congress”, as it kicked off on Friday, April 12. The Congress was planned to be a three-day event featuring speakers from around the world, including Ghassan Abu-Sittah, Salman Abu Sitta, Noura Erakat, and Ali Abunimah among many others.

The conference, organized by Palestinian, Jewish, and international groups, aimed to discuss the genocide in Gaza, and Israeli crimes against the Palestinians, and serve as a tribunal for Israel and one of its biggest supporters and arms providers: Germany. 

“The fact that we managed to be here and hold this conference is by itself an act of resistance,” said Palestinian journalist Hebh Jamal in her opening remarks at the conference. 

Jamal did not know that her speech would be the only speech that would be given of the planned three-day schedule.

Government intimidation........more.........

 this reminds me of a discussion i had forty years ago in which the thesis was the only way to have a successful revolution is to remove all who participated for too many reasons to list here;

A demon, once released, is an uncontrollable beast. That one should therefore be careful when opening a gate to Hades is a lesson many have learned, the hard way. The latest example is one Erwin Chemerinsky, “Distinguished Professor of Law” at the University of California, Berkeley School of Law.

Chemerinsky just got schooled in the law of the jungle — in this case, to be precise, in the law of left-wing revolutions. You see, the professor “is an old-school 1960s leftist radical. He’s also Jewish,” writes commentator Andrea Widburg. “This week, he learned the tried-and-true lesson of all revolutions: The younger generation is more radicalized and will inevitably turn on its revolutionary progenitors. Thus, Chemerinsky, who is now the Dean of UC Berkeley School of Law, was shocked to have his law students scarily and aggressively turn against him for being a ‘Zionist.’”

As for the particulars, I’ll mirror Widburg and reprint the academic’s statement on what befell him when he failed to imbibe the “revolution’s” latest Kool-Aid concoction. To wit:.......more.......

 sain't obama gets a negative review, and i'd venture a guess is spot on;

Barack Obama and Eric Holder did not create a weaponized DOJ and FBI; instead, what they did was take the preexisting system and retool it so the weapons only targeted one side of the political continuum.  This point is where many people understandably get confused.

In the era shortly after 9/11, the DC national security apparatus was constructed to preserve continuity of government and simultaneously view all Americans as potential threats.  The Department of Homeland Security (DHS) and the Office of the Director of National Intelligence (ODNI) were created specifically for this purpose.

What Barack Obama and Eric Holder did with that new construct was refine the internal targeting mechanisms so that only their ideological opposition became the target of the new national security system.  This is very important to understand as you dig deeper into this research outline.

Washington DC created the modern national security apparatus immediately and hurriedly after 9/11/01.  DHS came along in 2002, and within the Intelligence Reform and Terrorism Prevention Act of 2004 the ODNI was formed.  When Barack Obama and Eric Holder arrived a few years later, those newly formed institutions were viewed as opportunities to create a very specific national security apparatus that would focus almost exclusively against their political opposition...........more.........

 here are some statistics and evidence on the serial killers in this country and who many are;

Most people think virtually every serial killer has been white. Almost all blacks probably agree with Nickole Cunningham, who is on San Franco’s committee to figure out how much the city owes blacks in reparations.

As she said last year, “Straight white men are serial killers. . . . I watch these shows — the most serial killers. . . . So they are a danger to society. . . [but] Not all of them.”.........more.........

so pcr wants to blame putin and he does make an understandable case; 

Is Putin Responsible for Israel’s April 1 Attack on Damascus, Syria, that Killed 7 officers of the Islamic Revolutionary Guard?

Paul Craig Roberts

As I often emphasize, Putin’s determination to avoid war has the result of widening war as the consequence has been more and more dangerous provocations.

Iran said Israel will be punished for the attack, causing President Biden to forget which country he is president of and rush to Israel’s defense sending more US military force into an area already over-loaded with US military, declaring: “We are devoted to the defense of Israel. We will support Israel. We will help to defend Israel.”

It was Putin who prevented President Obama’s overthrow of Syria by proactively sending the Russian Air Force to Syria’s defense. This is an example, perhaps the only one, of Putin showing strategic vision in war. The great puzzle is: why has Putin left Syria unprotected with air defense against Israeli and US attacks? If the Israeli planes that attacked Damascus had been shot down, we would not be facing the escalation of Israeli aggression into Iran and an outbreak of wider war.

In an age of nuclear weapons, war must be avoided. The avoidance of war requires countervailing force against the aggressors. As Russia and China do not provide the countervailing force, the war widens........

 pcr shows that the empire is no longer merit based;

America Is No Longer a Merit-based Society

Paul Craig Roberts

Blue cities and blue school boards see merit as a tool of white supremacy and have erased it.

The latest example is the closing of schools for the gifted in the woke city of Seattle, Washington. You guessed it: there were too many white and Asian students.

In America merit has been overthrown by “equity,” which has been redefined to mean privilege for people of color and the gender-confused. The elimination of merit-based learning is the way that liberals admit that there are racial differences in motivation and intelligence.

The abandonment of merit is now widespread in America and goes far beyond education. American corporations, the Pentagon, and Hollywood have stated that white people are sidelined for promotion and staring roles while non-merit based promotions are made to achieve “equity.” Thus has privilege in law been restored in the face of the 14th Amendment which bans it...........

 pcr with links to reports on israel/iran and their latest confrontation;

Breaking News

As I expected, the war has begun

Iran struck ‘important’ Israeli military targets – IRGC (VIDEOS)
Multiple IDF sites have been “hit and destroyed,” the Islamic Republic’s Revolutionary Guard Corps has claimed

Iran confirms ‘extensive’ strike against Israel

Iran warns foreign nations against helping Israel counterattack
Any country that provides air or land passage for West Jerusalem’s troops will face Tehran’s wrath, the Islamic Republic has said

Biden convenes security meeting over Iranian attack
Washington has responded to the latest salvo in the Middle East by reiterating its “ironclad” support for Israel’s security

Iran Launches Drones and Cruise Missiles Against Israel

The US has shot down Iranian drones headed to Israel after Iran launched its retaliatory attack early on Sunday.

 the zionist game may well be approaching its demise and of course they're not to blame;

After nearly half-a-year of intense bombings that have targeted and killed countless innocent civilians, Israel admits it can't destroy the enemy, whoever that is. What looks like another proxy war for NATO and the grand embezzlers of the MIC (military industrial complex), the Gaza War has been nothing but a disaster (pardon the pun) and mostly at the expense of American taxpayers. Again, the terrorists are everywhere and nowhere at the same time, but Israel and America don't see it that way. They would rather send all of the weapons and money America needs to defend the Republic to fund bombings that only end up killing a few dozen terrorists, while inflicting mass-damage to infrastructure, hospitals, schools, temples and more.........more......

 this is curious coming from the orange man;

Former President Donald Trump on Saturday night voiced support for pro-Palestine protesters at his rally in Pennsylvania chanting "Genocide Joe!"

"They're not wrong," Trump said. "They're not wrong."

"He [Joe Biden] has done everything wrong," he aded.


lets everyone shout surprise, eh, as if this hasn't been the case for sometime; 

President Joe Biden "privately expressed concern" on Saturday night that Israeli Prime Minister Benjamin Netanyahu is trying to drag America into a war with Iran, NBC News reports.

From NBC News, "Iran launches retaliatory attack on Israel that risks sparking regional war":

In the days leading up to Iran's retaliatory attack on Israel, U.S. intelligence showed that Iran's leaders felt the need to respond to Israel's strike in Damascus due to concern of domestic blowback if the strike went unanswered, according to the senior administration official.

Biden has privately expressed concern that Netanyahu is trying to drag the U.S. more deeply into a broader conflict, according to three people familiar with his comments.

While the White House believes the Israelis are not looking for a wider war or a direct war with Iran, particularly given the resources they have fighting the war in Gaza, U.S. officials can't be certain, the senior administration official said.

The official described Israel's approach to military operations as "frenetic."

"There's this urgency to act," the official said, "and that's what happened in Damascus." The official said it's the same frustration U.S. officials have with the way Israel is operating in Gaza.......more.........

Saturday, April 13, 2024


 almost three minutes of 'racism' and response, from maxine waters;


 about two minutes with the new hate crime in scotland;


and more on that law for five minutes;


 almost two minutes with clare daily speaking about the empire and the zionists;



 for about a minute and a half you get to wonder what this is;


 now we have a race based disaster response. i'm sure you take comfort knowing that when your house gets destroyed, the recovery funds will go to those who have been discriminated against in the past;

Admiral Rachel Levine was appointed as the U.S. Public Health Service, Assistant Secretary for Health, U.S. Department of Health and Human Services under Biden’s diversity cabinet. Levine has repeatedly warned that climate change disproportionately affects minorities. The US Department of Agriculture agrees and will begin prioritizing disaster aid to non-white Americans. A group of farmers is now suing the USDA and claiming that it violates the 14th Amendment by favoring certain groups over others.

"When natural disasters strike, they don’t discriminate based on race and sex. Neither should the Department of Agriculture,” the group of farmers wrote in a court filing. “Enjoining USDA from using race, sex, or progressive factoring when administering the programs is warranted because Plaintiffs are likely to succeed on the merits of their claims that: (1) the programs, as currently administered, are unconstitutional; (2) USDA lacks statutory authority to run the programs in their current form; and (3) USDA failed to adequately explain changes in calculating payments when implementing progressive factoring,” the motion stated.........more.......

 slow joe has been flying new 'citizens' here as well as leaving some of the borders open, which leads to this essay;

New York fell years ago. Their courts are the most corrupt in the nation, businesses have fled with their tax dollars, taxes continue to rise, housing is unaffordable, and crime is rampant. New York needs new leadership. Eric Adams continues to blame Republicans like Texas Governor Greg Abbott for the migrant crisis that has toppled budgets and surged the city’s population by over 150,000.

But one of his own is responsible for sending migrants directly to the Big Apple.

Governor Abbott of Texas has sent around 37,000 migrants to NYC on buses. His reasoning has been that New York claimed it was a sanctuary city and had leadership that strongly supported open border policies. None of the blue states or cities cared much about open borders until the migrants appeared in their towns..........more........

 a russian reacts to the words of the biden creature;

US President Joe Biden is endorsing continued human suffering by demanding more military assistance for Ukraine, former Russian President Dmitry Medvedev has argued.

Biden reiterated his call to the US Congress on Wednesday to release an additional $60 billion in aid for Ukraine. After doing so, he was asked by the press how he thought the conflict would come to an end.

“The war in Ukraine comes to an end by the House Leader allowing a vote,” Biden responded, referring to Speaker Mike Johnson, who for weeks has been standing in the way of the foreign security assistance bill that includes more money for Kiev.

According to Medvedev, Biden’s words amount to saying: “Keep killing each other. The more people die, the better. I want more deaths.”

The policy makes the US leader not unlike Death, one of the horsemen of the Apocalypse described in the Book of Revelations, the Russian official, who currently serves as deputy head of the national security council, claimed on social media on Thursday............more........

mr peters speaks about oj and the jab, oj's real killer;

 OJ Simpson died the other day, apparently of prostate cancer. What’s interesting about this is how quickly OJ died – because prostate cancer is a usually slow-killing disease. So slow, in fact, that it is usually old age that kills the man who dies with (rather than of) prostate cancer.

There’s an interesting correlation there in that most of the people who died during the event marketed as “the pandemic” died with – but not of COVID. They were very old. They were already chronically sick. COVID was the straw that broke the already rickety camel’s back.

Now there may be another interesting correlation.

OJ got “vaccinated” – the word always placed in air fingers quotes by this writer, who objects to the use of dangerously misleading terminology. Before the event marketed as “the pandemic,” to receive a vaccine was commonly understood to mean you were immunized; i.e., that you could neither catch nor spread the illness you’d been vaccinated against. The sick SOBs behind the pushing of mRNA drugs knew it was necessary to let their victims believe they were being vaccinated, because if they knew the truth – which is that they weren’t being immunized – many (probably most) would have never agreed to allow themselves to be injected with mRNA drugs.......more........


 larry johnson speaks about current events in the mid east;

Notwithstanding all of Israel’s tough talk and Biden’s repeated vow to defend Israel, Israel’s military campaign against Hamas, Hezbollah and Iran is turning into a real debacle. And things don’t look much better for the United States. The world is now in bona fide tenterhooks mode — i.e., nervously waiting for Iran’s promised military retaliation for Israel’s illegal bombing of Iran’s Consulate in Damascus a week ago. The 1961 Vienna Convention on Diplomatic Relations is unambiguous:

The premises of a diplomatic mission are inviolable and must not be entered by the host country except by permission of the head of the mission; likewise, the host country must never search the premises, may not seize its documents or property, and must protect the mission from intrusion or damage (Article 22). Article 30 extends this provision to the private residence of diplomatic agents.

So much for the “international rules-based order.” The United States, Britain and France blocked a proposed UNSC statement drafted by Russia that would have condemned Israel’s unlawful action. This sent the world a clear message — the Vienna Convention is worthless. Just days after the UNSC failed to uphold that Convention, Ecuador stormed Mexico’s Embassy in Quito and kidnapped an Ecuadorian politician who had been given sanctuary by Mexico.

The refusal of the U.S., the U.K. and France to uphold that key tenet of international law left Iran with only two options — do nothing to retaliate or retaliate. Looks like some form of military retaliation is in the cards. I do not believe that Iran will behave like Israel by striking an Israeli diplomatic facility. Instead, I think they will go after Israeli military assets.........more......

 three minutes with brother nathanael speaking about the protocols of the elders of zion;


 reality begins to intrude for the zionists;

The Israeli newspaper Haaretz has declared that Israel has suffered a "total defeat" in their war on Gaza as "the war's aims won't be achieved, the hostages won't be returned through military pressure, security won't be restored and Israel's international ostracism won't end."

Journalist Chaim Levinson, who debunked the atrocity propaganda lie that "Hamas baked a baby in an oven," wrote Thursday in Haaretz (Archive):

Saying What Can't Be Said: Israel Has Been Defeated – a Total Defeat

The war's aims won't be achieved, the hostages won't be returned through military pressure, security won't be restored and Israel's international ostracism won't end

by Chaim Levinson | Apr 11, 2024 8:13 pm IDT

We've lost. Truth must be told. The inability to admit it encapsulates everything you need to know about Israel's individual and mass psychology. There's a clear, sharp, predictable reality that we should begin to fathom, to process, to understand and to draw conclusions from for the future. It's no fun to admit that we've lost, so we lie to ourselves.

[...] We can't say it, but we've lost. People have an inclination to believe in the best and be optimistic, hoping that tomorrow will be okay, that we are in a process that in the end will be more successful. That's the most fundamental failure of human thought: the notion that the direction we are taking is a good one, that we just need to get there already – that in just a little more time, with a little more effort, the hostages will be returned, Hamas will surrender and Yahya Sinwar will be killed. After all, we're the good guys, and good will triumph........more....

 a very curious musician for about two minutes;


Friday, April 12, 2024

 kunstler friday with some well written verse describing our current dilemmas, though i believe there are several not covered;

“They have tried to solve a wide range of insoluble problems, from the weather to poverty to viruses, and now they will attempt to solve us.” —Eugyppius

This is that part of the movie where the hero — you — tumbles off the cliff on Kong Island in a lightning storm with a canyon full of tarantulas down below where you’ll soon be landing. I know, not a pretty picture. The cliff is our country’s financial quandary; the lightning is us getting sucked directly into war; and the tarantula pit below is the emerging peril of Covid vaccine injury and death coming on hard, like your landing.

     Gold and silver are vaulting up suddenly like nobody’s business (literally). This may be fun to see if you are sitting on a pile, even a small pile of the stuff. But to everybody else it’s a signal that something is messed up in the complex engine of the economy. You know, of course, that our money is debt. So, debt is the fuel that drives that engine. Debt is a promise to pay back money with interest to take advantage of the time-value of money. The time-value of money means it’s better to have the money now (to keep the engine running) than to wait until your work produces money (if it even can).

     The trouble is, debt loses its credibility if there is no plausible way of paying it back, or even just to keep paying the interest. That’s exactly what is happening now. Everybody can see that the US government can’t pay the interest on its debt, which is Treasury bonds, notes, and bills (from long duration to short). That debt is running at well over $1-trillion a year. That’s a thousand billion, which is a thousand million. See, it’s impossible to grok how more than a trillion dollars gets produced in an economy based on selling fried chicken nuggets and streamed movies to people with no jobs.

       When the Treasury holds an auction on a new issue of bonds (needed to pay off the interest on old bonds) and nobody shows up to buy because they doubt its ability to pay interest on the new paper, our country’s debt becomes worthless. As a last resort, the Federal Reserve swoops in and buys that worthless paper by creating “money” on its computer. That “money” goes out into the economy. The Fed pretends to get paid interest. It’s all fakery, a swindle. It’s like putting water in the gas tank of your engine. You know that the engine is going to throw a rod. When it does, it’ll be such a shock that the vehicle it’s running in is liable to hit a bridge abutment or something else hard. That’s what tumbling off the cliff is like...........more......