Day: July 31, 2023

The Marxist Dream of Modern Monetary Theory and the New Ways of War

We are currently seeing the largest-scale military maneuver against nations in the history of the world.  Only the weapon of choice isn’t traditional military weapons.  But for all the same reason that wars have been started to defend national borders, this is how we must view Modern Monetary Theory.  The scam is currently, for instance, in the United States to use the strength of the dollar to print infinite amounts of cash to prop up the wealth of companies like Blackrock, Blackstone, and Vanguard.  Then use that power to take over the corporate boards of most of the world’s companies.  Once that has happened, then the world will move away from the dollar and convert everything to a digital currency that is controlled by China.  Then the entire wealth of the United States would be evaporated, along with everyone in it.  It would be an attack on a much larger scale than when Mesopotamia attacked Israel, the Persians attacked Greece, or the Romans the known world.  But the attack is just as bloody and ruthless, and this is how they are doing it with MMT.  And the Biden administration is the insurgent force controlled by the World Economic Forum, which is behind the effort.  

Modern Monetary Theory, or MMT, is a relatively new economic theory that has been gaining traction in recent years. Developed by a group of economists including Stephanie Kelton, Warren Mosler, and Bill Mitchell, MMT challenges traditional views on government spending and the role of taxes in the economy.

At its core, MMT argues that governments that issue their own currency can never run out of money. This means that, unlike households or businesses, governments can always spend more money than they take in through taxes. This is because they can simply create more money out of thin air.

This may sound like a recipe for hyperinflation, but MMT proponents argue that as long as the economy is not operating at full capacity, increased government spending will not lead to inflation. In fact, they say that increasing government spending can actually stimulate the economy and create jobs.  But of course history proves this not to be the case.  These people are crazy, and not very smart.

One of the key insights of MMT is that taxes do not actually fund government spending. Instead, taxes are used to regulate the economy. By taking money out of circulation, taxes help to control inflation. In addition, taxes can be used to incentivize or discourage certain behaviors. For example, a carbon tax could be used to discourage the use of fossil fuels and encourage the adoption of renewable energy.

MMT also challenges the conventional wisdom that government debt is a bad thing. In fact, MMT argues that government debt is necessary in order to provide the private sector with the financial assets it needs to function. When the government spends more money than it takes in through taxes, it creates new financial assets in the private sector in the form of government bonds. These bonds can be bought and sold just like any other financial asset, providing a stable source of income for investors.

Critics of MMT argue that it is a dangerous and untested theory that could lead to runaway inflation and economic collapse. They point to examples like Zimbabwe and Venezuela, where excessive government spending led to hyperinflation and economic disaster.

However, MMT proponents argue that these examples are not relevant to developed countries like the United States. These countries have much more stable political systems and financial institutions, which make hyperinflation much less likely. In addition, MMT argues that the government can always use taxes to control inflation if it becomes a problem.

Overall, MMT is a Marxist dream and controversial theory that challenges many of the traditional assumptions about government spending and taxation. While it is still a relatively new and untested theory, it has already gained a significant following among economists and policymakers. Whether or not it will ultimately prove to be a viable alternative to traditional economic theory remains to be seen. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Who is Blackstone and Why do they Want to Buy Your House

Like Blackrock, why do all these hostile WEF-linked companies all have “black” in their title, such as Blackstone, the investment firm that is buying up huge amounts of personal homes to make Americans from owners to renters, to fulfill the strategy of the World Economic Forum, “you will own nothing by 2030 and be happy?”  But many people don’t have time to know who these companies are or how they are attacking their way of life.  So here is a bit of history about Blackstone so that everyone can have some basic foundation as to who they are and what role they play in trying to take over the world for the World Economic Forum through a strategy by the Federal Reserve to print fake money and flow it into Wall Street to essentially give artificial buying power to all the WEF linked investment companies that are involved in the Great Reset, with the help of their representative, the Biden administration.

Blackstone is one of the most influential investment firms in the world today. With a long and storied history that dates back to the mid-1980s, this company has become a household name in finance and investing circles. But what exactly is Blackstone, and what makes it so special?

At its core, Blackstone is a private equity firm that specializes in alternative investments. This means that the company invests in assets that are not typically available to the general public, such as real estate, private equity, and credit. By doing so, Blackstone is able to generate significant returns for its investors, often outpacing more traditional investment strategies.

But what sets Blackstone apart from other private equity firms is its size and scope. With over $500 billion in assets under management, Blackstone is one of the largest investment firms in the world. And with offices in over 30 countries, the company has a truly global reach.

One of the keys to Blackstone’s success is its focus on long-term investments. Unlike many other investment firms that are focused on short-term gains, Blackstone takes a more patient approach to investing. This allows the company to identify opportunities that others may overlook, and to build long-term value in the assets it invests in.

Another important factor in Blackstone’s success is its team of experienced professionals. Led by CEO Stephen Schwarzman, Blackstone’s team includes some of the most talented and respected individuals in the finance industry. With decades of experience and a deep understanding of the markets, these professionals are able to identify opportunities and manage risks in a way that few others can.

But while Blackstone has achieved great success over the years, it has not been without its challenges. The company has faced criticism from some quarters for its role in the 2008 financial crisis, and has also been accused of profiting from the misery of others through its investments in distressed debt.

Despite these challenges, Blackstone remains one of the most important and influential investment firms in the world today. With its focus on long-term investments, its team of talented professionals, and its global reach, Blackstone is well-positioned to continue generating significant returns for its investors for many years to come.

In conclusion, Blackstone is a unique and powerful investment firm that has achieved great success over the years. With its focus on long-term investments, its team of experienced professionals, and its global reach, Blackstone is a force to be reckoned with in the finance industry. While it may face challenges in the years ahead, there is no doubt that Blackstone will continue to be a leading player in the world of investing for many years to come.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

The Morality of Speed: Bad guys are slow, good guys are fast

I talk about it every year, and it’s that time again for the Annie Oakley Festival in Darke County, Ohio, which is a yearly vacation for me. And I continue to get asked about it because it’s work for a lot of people but a paradise for me. I have participated in several annual events at the Annie Oakley Festival, some for over 20 years. And out of all the things I could do, I find this particular weekend, the last one of each July, as my refuge from the mundane effects of the Administrative State. I hate slow people in life. Even though most people are pretty slow, they frustrate me tremendously, and out of all the other days of the year when I have to deal with them, I always look forward to the Annie Oakley Festival because it is there where speed and accuracy are celebrated in the traditional American ways rather than this slow New World Order globalism garbage. I love speed and have always been obsessed with it because when it is experienced, there is a morality to it that is unique to American culture, and each year at that event, I get to experience it without restriction and be around other people who appreciate it with a kind of raw understanding of morality. The world under the misguidance of the Administrative State is designed for slow, stupid people, and I find it pathetic. My idea of a vacation is to be away from those kinds of people, even though I may be exhausted at the end of all the competitions, which last all weekend. It’s a good tired. Because it is refreshing to be away from slow people, lazy people, and people who hide behind the Administrative State to appear valuable when all they are, are mindless bureaucrats.

Many of the old stunt performers, cowboys, gunslingers, and general roughnecks I hang around in some of these Western preservation groups all understand something that most people have forgotten, which will likely be returning shortly. In traditional American Westerns, which most of the world still enjoys, speed dominating evil is a consistent theme at the core of all values. When the good guy was faster to a dueler’s pistol, we cheered for the demise of the slower bad guy—the villain. (villains lost because they are slow) The value of speed was directly connected to the morality of capitalism, and society generally understood the metaphor. I spoke this year with many of these old fast-draw professionals who feel like they are a dying breed. I told them this year that I thought that young people might find themselves very attracted to the old fast-draw traits as globalism’s effects were failing worldwide, and people would be looking for a replacement. There are consistently good Westerns doing well on streaming services, like Hell on Wheels, and shows like Yellowstone. Some video games, like Red Dead Redemption, are very popular with young people, so it’s not like Westerns are dead or dying. It would only take a film studio like Angel Studios to start making traditional Westerns again, and people would flock to see them because they enjoy those kinds of stories. Hollywood may be a dying business model, but that doesn’t mean the Western will die with it. Hollywood used to be all about Westerns, and their demise started when they stopped committing themselves to Westerns. You can tell how people feel about Westerns at these shows I go to, especially the fast-draw events. There is always a crowd watching, and we are amazed that we shoot real guns that fast, competitively. Most of them have only witnessed that in movies and television shows.

Part of the suppression of Westerns, starting with those who finance movies, was the desire to build a global administrative state to mask production from performance expectations.  As globalism has proposed, the administrative state’s goal is to slow down the world to the communist intentions of centralized authority.  Those were the villains in the old Westerns, so it’s no wonder they don’t like Western values.  They want to slow the world down with bureaucracy so that centralized communism can rule.  But they are so slow and pathetic.  No wonder they want to legalize marijuana because they want people brain dead and too slow to think, to ask questions, and to meet reality head-on.  Most of my life is about dealing with slow-minded administrative state losers who seem only to want to slow things down.  So when I get to compete at Annie Oakley, speed becomes the priority, and it is just so refreshing.  I practice Fast Draw most every day in some form or another, so I’m always thinking fast about things.  But to express that speed in public, where people appreciate it, is very refreshing.  Usually, this Annie Oakley event charges me up for the rest of the year, just those few days.  I attend other fast draw events throughout the year, but what makes Annie Oakley stand out is that it’s done in a public forum with audience attendance.  Most competitions are held in private venues, so the general public cannot witness them.  At Annie Oakley, it feels like it would be like to have been in the Buffalo Bill Wild West Show.  And I love it!

Many Americans have been polite about the slow world of the administrative state and the ridiculous European concepts of the World Economic Forum.  They don’t have a culture in Europe or Asia where people can express themselves with guns, rapid draw in the classic Western way of dueling a bad guy as the Bible would define villainy, to establish individualized law and order.  Speed was the way to achieve justice, and the action was from a superior individual against the masses of slower bandits.  I’ve never learned to accept a lack of speed in life, no matter what it is, production, driving down the road, going to the grocery, everything.  I read fast.  I think fast.  I am happiest when things are fast.  I’m a guy who will drive a 51-foot RV rig at 85 miles per hour, happily zipping in and out of traffic, and I don’t care how much gas it burns.  Because I like to go fast.  But there isn’t much more satisfying in life than the fast draw events at Annie Oakley, whether with bullwhips or traditional six guns.  The participants and the audience appreciate speed; when you see it, you know all is right with the world.  And in the end, when the World Economic Forum types must face reality and deal with the speed of American culture outside of their Davos forums, where they talk to each other in a vacuum, they’re going to learn that they are the bad guy, and slowness is not going to be acceptable.  Americans like things fast, whether it’s a Chick-fil-A drive-thru, highway traffic, or a running back on a football team.  Americans want things quickly, and Cowboy Fast Draw represents American culture in so many satisfying ways that I am happiest when I compete with other fast gunslingers.  I’m more comfortable than anywhere on Earth under any condition.  And I never get tired of it.  Slow people are terrible.  But fast people, the world could use a lot more of those.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business