Friday, June 26, 2015

AMERICA'S GOT GAYS. US SUPREME COURT ROBES LED BY ANTHONY KENNEDY SAYS SO.

In a queer 5-to-4 ruling of Obergefell v. Hodges, the robe-clad coven known as the U.S. Supreme Court have decreed that law givers of the various states must legally recognize that homosexuals can marry each other. Laws of the states' legislators no longer can exempt married gays from getting the same benefits as those law givers dole out to man-woman marrieds.

In spite of the rhetoric of some politicians spewed after the ruling, Americans need to suck it up. The Gay Army has won their war. They're celebrating their V-Day today.



No one should be surprised by the ruling. It was bound to happen.

Two years ago, the witches gathering of the Supremes ruled the Defense of Marriage Act, the anti-gay marriage law passed by Congress and signed into law by Bill Clinton could not deny a married gays from getting benefits given by Congress to men-women married couples. Today's ruling builds from that ruling.

In many ways, the outcome of the ruling is the right one though the ruling itself suffers flaws. Legislators have no standing to impose their moral standards upon anyone and then lie with the rhetoric that those moral standards are the will of the people.

As well, legislators lack standing to impose the moral standards of some Americans and their cults to which they belong, cults that all know as churches and religions. That queer ones will have their marriages recognized by agencies of law givers in no way stops anyone from belonging to a church and acting like the hypocrites, praying in public.

Legislators should not tell the people how to live. And all Americans need to stop supporting such immaturity. If adults want to buy and sell sex (prostitution) or substances for recreational purposes (drugs), no one should stop them.

And unlike the fools who say so, queer as folk marrying queer as folk fail to violate the laws of nature. Jumping from a cliff without a parachute leads to consequences that prove men cannot violate the laws of nature.

If all of mankind stopped procreating because all decided to focus on same sex sexuality, then future mankind would die off. Even under this scenario, the laws of nature would not be violated. The consequences of not breeding would be little different than the consequences of trying to fight against gravity.

Codifying gay marriage changes little, in spite of what gays might believe. Atheists don't accept religionists. Protestants don't accept Catholics. And let's not get into the races racing against each other rather than being accepting of each other.

Legalizing gayhood doesn't mean most will stop seeing gay sex and gay love as activities outside the norm of mankind. Many still see those with face tattoos and face piercings as freaks. In spite of the hopes of parents who birthed and raise gay kids into adulthood, legal decrees never have the power to turn their adult children into normal ones.

The gay marriage movement has been about cash and credit, always. Never has it been about love.

Privilege seeking is a political act whether through marriage licenses from politicians to gain preferential treatment for taxes or through collecting welfare benefits at higher rates. It has been mere rhetoric by those behind the Gay Agenda to hide behind the rhetoric of love rather than rhetoric of riches.

Gay marriage is about dollars and little more. It is about survivor spousal benefits of Social Security welfare. It's about adding thousands of new customers for divorce lawyers and the Family Law system annually, a system that employs bureaucrats and technocrats.

No one should be fooled. As long as law givers grant rights to some based on their status and impose duty upon others because of that status, liberty is lessened for all all. When law givers grant benefits to those who are married, law givers decreases liberty precisely because they have created law. All law increases duties and rights.

In life, any adult with an intellect suitably sufficient to decide doesn't always get she or he wants, but but always, gets what she or he deserves. For years, advocates of those marriage should get benefits have played a legal game, one for a time, that has helped them. Now, they are getting what they deserve. They must welcome gays into their anti-liberty club.

The right-minded man or woman at once sees the deleterious effects of acceding authority to politicians who then decree what marriage is and who derives privileges from such arrangements. The right-minded man or woman at once sees the best action is to eliminate marital status as a factor for any government action.

Any individual is right to want to live, right to want to live without an overlord and right to pursue what gives her or him pleasure. All else is nothing but force of one or some ganging upon another or others who is or who are weaker.

Demanding privileges gained by force for what amounts to a private matter is not the hallmark of an enlightened people.

One can only hope for a backlash against today's ruling whereby many push to remove all codified discrimination. No one should get privileges because that one belongs to any artificially constructed social group like gays, blacks, Latinos, women and so on.

Racism is a horrible political doctrine. It devalues every individual and turns persons into monsters as they join groups.

Those of groups revert to base instinct of mankind — the law of survival. Individuals who join groups lose themselves and become cogs of the group, one of the mob, the crowd. They end up doing wicked misdeeds in the name of advancing the group.

Every individual has the capacity of living by the Law of Love — do to others and loving one's neighbor.

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Friday, November 7, 2014

THE SECRETS OF AUTOMATED CLEARINGS, GDP AND THE ECONOMY. RECOVERY? WHEN?



Commercial banking. Commercial banking is what gives rise to any advanced economy. In spite of popular misguided hatred for bankers, without commercial banking, you would be living at a bare subsistence. Nothing that you know would exist — the Internet, smart phones, cars, pain killers, sports stadiums, TV.

A hidden aspect to the economy are the many transactions commercial bankers handle, which transfer checkable deposits between two parties — someone, a firm or government agency.

An automated clearing house (ACH) is a bank clearing house uses computers for inter-bank settlement of electronic credit and debit transfers of depository institutions. The Federal Reserve operates FedACH, the automated clearing house service of the regional reserve banks of the Federal Reserve.

Bank Clearing During World War 2
FedACH handles direct debiting of consumer bills such as mortgages, loans, utilities, insurance premiums, rents; one-time debit transfers of converted checks, debt cards over the Internet and telephone calls; direct credit transfers such as deposit of payroll, Social Security welfare, other government welfare, tax refunds; tax payments to federal, state, and municipal governments; payments made to vendors of federal, state, and municipal governments.

Until True Commercial Clearings begin to rise, no one should expect the economy to be sound. Until True Government Clearings begin to rise steadily, no one should believe an expansion is under way.

Here is what True GDP looks like compared to True FedACH clearings.




Here is what True GDP looks like compared to True FedACH government clearings.



And here is what True GDP looks like compared to True FedACH commercial clearings.




First, here is a general observation. During GDP growth, commercial clearings and government clearings grow. The government clearings growth rate far outstrip commercial clearings growth rate during true GDP growth as political coffers get fat from unearned shares of profits, otherwise known as taxes.

Now, let's look at the true clearings during true GDP growth years and decline years.

Beginning Q4 1988 off Reagan Low of Q3 1987 to Bush 1 Peak (Q3 1990), True GDP grew 5.9%, growing at a yearly rate of 2.91%. True Commercial Clearings grew 18.2% growing at a yearly rate of 8.7% and True Government Clearings grew 40.6% growing at a yearly rate of 18.6%.

From the Bush 1 Peak to Clinton Low (Q3 1990 to Q1 1994), True GDP shrank -14.8%, shrinking at a yearly rate of -4.2%. In spite of contraction, True Commercial Clearings grew 14.8% growing at a yearly rate of 3.7% and True Government Clearings grew 23.6% growing at a yearly rate of 5.8%.

So, how could the economy shrink while commercial clearings and government clearings grow? Technological advance could account for the former. Mandated new taxes in the face of Read My Lips could account for the latter.




From the Clinton Low to Clinton Peak (Q1 1994 to Q4 2000), True GDP grew 51.4%, growing at a yearly rate of 6.1%. True Commercial Clearings grew 81.8% growing at a yearly rate of 8.9% and True Government Clearings grew 191.9% growing at a yearly rate of 16.5%.

The Clinton Good Times, from the Clinton Low to Clinton Peak truly were good times for wage earning Americans. Back in EVERYBODY'S WORKING FOR THE WEEKEND, FOR LESS, I showed that during the Clinton Low to Clinton Peak,  Americans experienced True Private Wage Income growth for any stretch since the years between Johnson and Reagan.

In S&P 500 AND THE DOW JONES INDUSTRIAL AVERAGE HIT ALL-TIME LIES!, I showed how the True S&P 500 hit the all-time high back on August 28, 2000, when the S&P closed at $313.35 in True Dollars™. Between December 5, 1994, and the all-time high hit on August 28, 2000, the True S&P 500 grew 261.9% growing at a blistering rate of 25% a year. Likely surprising to many, over those 2,094 days, or 5 years, eight months and 24 days, cash and deposits fell -6%, falling at an annual rate of -1.1% and leaving cash and deposits $69.7 billion less than before the start of the run.

In, True State of the Union: Wage-Earners' Income and Taxes, I show during that 1994 and 2000 stretch, as a percent of GDP, true private wages rose. As well, true average income rose, employment incidence rose and hit an all-time peak, and true individual taxes as a percent of GDP rose, nearing the all-time high.

Contrast the Clinton Good Times with the Bush 2 Low to Bush 2 Peak between Q3 2003 to Q4 2007. During the Bush 2 Illusion Economy, fueled by the Greenspan-Bernanke Credit Bubble, the biggest inflation in world history, True GDP grew 17.9%, growing at a yearly rate of 3.5%, a bit more than half the rate of the Clinton Good Times. True Commercial Clearings barely grew 2.8% growing at a yearly snail's pace of 0.6% and True Government Clearings grew 42.1% growing at a yearly rate of 7.7%.

After the blow up of the Greenspan-Bernanke Inflation of the Bush 2 Illusion Economy, a two-part decline hit. From Bush 2 Peak to the Obama Greenshoots (Q4 2008 to Q3 2009), GDP fell -18% falling at a yearly rate of -9.5%. True Commercial Clearings fell -15.9% falling at a yearly rate of -8.3% and True Government Clearings grew -17.4%% falling at a yearly rate of -9.1%.

And then the full on Obama Disaster (Q4 2009 to Q1 2014) hit thanks to Obama and his Congresses. During the Obama Disaster, True GDP has shrunk -29.6%, shrinking at a yearly rate of -7.5%. True Commercial Clearings have shrunk -25.6%, shrinking at a yearly rate of -6.4% and True Government Clearings have shrunk -37.9%, shrinking at a yearly rate of -10.0%.

Overall, since the Bush 2 Illusion Economy Peak through the Obama years and Obama disaster, True GDP has shrunk -42.2%, shrinking at a yearly rate of -8.1%. True Commercial Clearings have shrunk -37.9%, shrinking at a yearly rate of -7.1% and in lockstep with True GDP, True Government Clearings have shrunk -4.2%, shrinking at a yearly rate of -8.1%.

Looking at the year over year from Q1 2014 and the last two years also from Q1 2014, which is the last quarter for published data, the picture is ugly still. Over the last two years, True GDP has fallen -12.4% falling at a rate of -6.4% a year. True Commercial Clearings have fallen -14.5% falling at a rate of -7.5% a year. True Government Clearings have fallen -7.0% falling at a rate of -3.6% a year, this being the one glimmer of hope.

The one year picture looks alike. True GDP has fallen -7.0%. True Commercial Clearings have fallen -7.5%. True Government Clearings have fallen -1.6%. Again, this adds to hope.

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Friday, May 2, 2014

PARTY OVER OOPS OUT OF TIME. YOU SHOULD HAVE PARTIED LIKE IT WAS 1999.

Everything most think they know about inflation is wrong, oh so wrong. Almost all suffer from a silly false belief that inflation means higher prices, rather than the reality that inflation leads to higher prices.

Writers from at least since 1810 through the early 1920s understood well what inflation means. However, today, few do. Most don't understand what is inflation because most don't understand banking and the financial system under which they live.

As I wrote in FALLACY FRAUGHT FORBES TRIES TO STOKE FEARS OF HYPERINFLATION, inflation is the growth of credit that outstrips the growth of output owing to credit being priced too cheap

The residential realty bubble of the 2000s renders a classic example of inflation. House prices soared because bankers created too much bank credit for everyone to buy houses.

And until the profit squeeze, which always happens during inflation leading to crisis, Americans could flip, re-fi, move up into ever bigger houses. Crisis came when incomes no longer could pay for taxes of all kinds (income, sales, property) as well as living expenses and mortgages.

Americans know that something is wrong at the bedrock of American life today. Americans whose adulthood journey began in the 1980s can tell you this is so.



If you were to work for the average hourly wage, how many minutes would you need to work to buy X where X is a gallon of gasoline, a gallon of milk, a kilowatt hour of electricity, a pound of burger meat and so on? Using the 1980 average wage worker and how many minutes, hours and days that worked needed to work to gain products, how do average wage workers of other years since compare to the 1980 average age worker? 

The tables of the embedded spreadsheet tell you these answers. This spreadsheet captures what Americans know about America.  

Have a listen as I explain how to understand the numbers and how to understand your reality, perhaps for the first time.











Who knew that with these jokers:

ll of us should  have partied back in 1999.


1999 from PRINCE on Myspace.
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