Tag: investments

The Lords of Phony Money: A Dow Jones at over 40,000 is due to inflation, not actual wealth

It’s by logic more than choice that we have to look toward mobster activity as the playbook for modern tyranny.   It’s not just governments that get away from us that is the concern, which has happened.  However, the genuine concern is the behavior of organized crime and their ability to get away with making easy money at the expense of social peace.  People who are lazy but want to maximize their income through force seek collective associations, whether in unionized labor, elected office, or outright theft.  And this is a problem in any society, especially communism, where the government behaves like any organized crime family.  Only there isn’t a free society to dispute the actions.  In a free society, we can at least talk about it, which is what we do in the United States.  But organized crime goes back to when primitives conspired to bring down a woolly mammoth during a big game hunt for food.  When people realized they could work together to make labor more accessible, they naturally would head in that direction, no matter the endeavor.  Criminal thugs developed during Western expansion to rob trains and banks.  When the government became extensive and organized and started making rules people didn’t want, organized crime formed to meet the public demand at the expense of proper government, as a rival crime family, and the mobsters as we traditionally think of them were born.  But then, progressive society wanted a one-stop shop that would muscle out the crime families as Lords of Easy Money.  Of course, they had good intentions, but who could resist the temptation of money manipulation to satisfy the whims of the wicked and lazy?  And in that case, with an extensive criminal syndicate operating without the scrutiny of a free society, the illusions of power have become quite ostentatious.  And we see the level of corruption that is our present problem. 

Specifically, we’re talking about the money supply, and this is something that too many people, like pornography, enjoy the benefits of to criticize it properly.  However, this current scam of the Dow Jones closing at 40,000 is not good.  It’s a long series of mistakes and lousy policies catching up with us and being sold as a benefit when, in reality, it’s a massive crime no different than a classic bank robbery.  The government is playing the role of Jesse James and the gang of bank robbing barrons.  We shouldn’t expect the government to be anything less than an organized crime syndicate of collective-based losers seeking the easiest path to money and security through force as possible.  It’s human nature.  But here’s the gig on the Dow Jones, the 40,000 number that is preparing to break all records since the Dow opened first in 1885.  It’s an inflationary number propped up by an out-of-control money supply where too much money is chasing too few goods.  So it’s a record indicating a big problem, not an excellent report for everyone concerned about their 401Ks.  It’s like those classic bank robbers who break in and steal all the real money in gold and other assets, then leave behind a bunch of phony funds for the bank to give out to the public to keep them off the trail of the actual theft, and it’s a grave matter.  When Biden tries to claim credit for such a massive theft, done because of organized crime that moved from the local syndicates into the halls of government to commit just these kinds of crimes, he thinks he is throwing us off the trail of the truth. 

The Federal Reserve wasn’t a bad idea when it was first proposed in 1913, but under the best of conditions, it would require diligent management, and that just has not been the case.  The government learned it could print phony money with quantitative easing and apply that to a progressive Modern Monetary Theory, which is essentially the same as the transgender movement of claiming a man and a woman can be whatever sex they want any time they want to.  Modern Monetary Theory believes in debt maintenance by over-saturating the money supply by a government that doesn’t have to live by any rules but can make them up as they go.  This led to this crisis in 2008 with the too-big to fail in Housing that, failed.  So the Fed under Obama pumped a lot of fake money into the system and washed it like the crime families from the mob always did, through legitimate businesses, and pumped all that mess into the local economy.  In this case, the Fed printed a lot of money and dropped it into Wall Street to clean up, which was the role that Larry Fink, the political activist turned money manager for BlackRock, played.  And poof, just like that, a lot of money flowed into our economy, made up essentially on the back of a napkin and distributed as truthful.  But that game only works so long, as inflation is the direct result.  When President Trump took office in January 2017, the Dow was at 19,000 and had been going up since 2015, when it started to become evident that he might become president after years of stalled economic growth by the socialist actions of Obama’s administration.  The prospect of Trump did inspire a legitimate money movement in a positive direction.  But the number of 19,000 itself was phony as a carnival game on a hot July state fair. 

This is how BlackRock, Blackstone, Vanguard, and the rest of these popular money managers have gained so much power that they are buying up many companies with that phony money.  It’s a communist plan to make all property state-run, and this is one way that the organized crime elements of government-run enterprises can inflict a political philosophy into the money supply.  And don’t forget, Janet Yellen is Biden’s advisor on these things, and she is undoubtedly a communist sympathizer from the radical left.  She ran the Federal Reserve for a while and is a member of the World Economic Forum, behind the Covid release and centralized planning for a great reset.  This is all inconvenient to know, just as the porn hustling mobsters used to do behind the 22-year-old topless stripper in a peep show plaza.  People don’t want to think about why she is there and are putting twenty dollar bills in her G-string.  They want to enjoy the sights and sounds of sexual temptation.  Just as they want to believe that their 401K plans are making them a lot of money, but it’s all phony money, run by the Lords of Phony Money, the Fed, and its ties to globalism through international banking.  They have stolen real wealth and left us with fake bank notes and a fake economy propped up by a government that has fallen to the temptations of organized crime.  And to hide their efforts, they hope that full 401K accounts will keep the anger of pitchforks from coming after them until after this next election.  So before you get too excited about any economic news coming from government reporting, you must understand that the game is a crime and they are trying to get away with it.  Not profitability from the stock market participants.  The Lords of Easy Money have been hard at work robbing our wealth from our monetary system. They are not making it better.  And eventually, it’s all going to catch up to them.  Which, to my eyes, has already happened.

Rich Hoffman

Click Here to Protect Yourself with Second Call Defense https://www.secondcalldefense.org/?affiliate=20707

The New Costco in Liberty Township, Ohio: Small government and guns make communities great

For around two years, I had been looking for a PlayStation 5. Unfortunately for PlayStation, the company released its newest video game console during Covid. Who would have ever thought that the economy of the world would shut down entirely when planning for such a new release? In many places in the world, supply chains have not returned to normal due to massive government interference and their stupid support of Klaus Schwab’s Great Reset. That has been particularly true of computer chips, which make the new PlayStation 5 so powerful. So it’s been very difficult to get a new PlayStation 5. Our family has continued playing our old PlayStation 4 over that duration like many people have had to. But I’ve been on the lookout for one for several years and have not been able to find one. There are usually long waiting lists you have to get on to have a chance to buy one. Walmart, Target, Best Buy, and all the usual places have been unable to keep them when they do come in, and what they get has usually been a very limited supply. So I was quite shocked when I went to the new Costco in Liberty Township to meet my family on the opening day of November 2022 and saw at the entrance a pallet of PlayStation 5s stacked high for people to grab as they came into the new and wonderful store. I arrived before my family did, and it took me less than a fraction of a second to see the obvious. I grabbed one as people were plucking them from the stack as quickly as they came in, and we bought it that day and have enjoyed it profusely. 

Yes, I’m a fan of Costco, even though they are not exactly conservatives. They are known Obama supporters, but they provide excellent service, so I haven’t held that against them. Costco does a lot of great things, and I have been a frequent visitor to the one in Tri-County, Ohio, for many years. When I found out that they were going to build a new Costco in Liberty Township, Ohio, I was very happy because I feel like a lot of people do about Tri-County, Ohio, located between the cities of Sharonville and Springdale, that big government has destroyed the former economic boom town and left it a husk of desperate value. I used to think of Tri-County as one of the greatest economic centers in the United States. I worked there several times in my life, so I know the area’s character well; it’s been a part of my life most of my life. So I’ve seen it in better days. But over the last 10 to 20 years, the progressive policies that came from big government woke policies have left the reputation to be one of crime. To describe it simply in one word, when I think of Tri-County, I think of MTV. The youth have been allowed to run wild and take over the character of the area, and wherever youth go, like mindless locusts, they destroy everything in their path. Older people don’t want to deal with a bunch of slack-jawed kids dressed inappropriately and constantly catcalling women while trying to shop and spend time with their families. But kids don’t have money, but moms who run families do, and those types of moms made Tri-County great. 

That is why Costco built a store in Liberty Township, which is everything that Tri-County isn’t, very conservative and safe, and people who live there have money and care about things. It’s not to say that Liberty Township couldn’t become like Tri-County at some point, but the differences couldn’t be more obvious. In Butler County, Ohio, where Liberty Township is, there are over 400,000 residents, most of whom have guns. They either have guns in the home or carry them, and crime is not tolerated the way it has been 6 miles to the south in Tri-County and Sharonville. So it shouldn’t be a surprise to see Costco realizing that their Tri-County store was being held back because people just didn’t want to be in an area known for crime to shop at their store. So they built a new one, and people were hungry for it. For the first few weeks, there has been a line to get into the store, and people have been flocking to it just to buy goods and services and enjoy the Costco experience. And this new Costco has had everything, a lot more than the Tri-County store had, like PlayStation 5s. As I bought our new PlayStation in the long lines that went to the back of the store, I realized that if the Tri-County store did try to carry the type of items that the new Liberty Township store did, that theft would be the likely result. In Tri-County, with their progressive governments and their big-city attitudes, crime is much more permitted. In Liberty Township, crime isn’t permitted at all. And there are a lot of guns carried by good people who won’t hesitate to use those guns to defend property and persons, which was always the point of the 2nd Amendment. 

This is precisely why many of us in the Butler County area have fought the temptation to allow West Chester and Liberty Township to become a city like their neighbors in Sharonville, Springdale, and Forest Park. Bad government happens when it gets too big, and once there are city councils and mayors involved, woke politics starts to attach itself to the decision-making process, and things get out of control. So we have fought for small government in Butler County, and the results are obvious. Butler County communities run much better than communities within the I-275 loop that have fallen for the big government temptation. I could tell stories about my experiences in Mason, where they have a city too, but over time they have had to become much more nibble on their feet to adapt to the pressure exerted by Sycamore Township to their south and Liberty Township to their west. The struggle to keep the government small is hard, but it’s obvious where they manage because when the government is small, there is less bureaucratic nonsense, allowing companies to invest without all the additional trouble. And when you go to the new Costco in LIbety Township and see the lines from people hungry to get in, you can see the obvious quickly. I happened to listen to a few older men standing outside the new Costco, bewildered as to why people were going so crazy over this new store, even days later after it initially opened. And the answer was that a lot of these shoppers were simply sitting at home waiting for something to open near them because they didn’t want to go into Tri-County to deal with the mess there, all the kids with their pants walking around half down, the nasty language, the cars with rap music pouring through closed windows but being so loud that it vibrates the fillings out of people’s teeth. When there is too much government and too much progressive policy, it ruins communities. When there is less, it makes communities better because the kind of people who shop and start businesses can then have a relationship without the government messing it up. And guns help a lot. Where there are lots of guns by private hands, there is much less crime. Where there are less guns, there is a lot more bad behavior.   And put simply, that is why the new Costco at Liberty Township is so much better and why communities like Tri-County, Ohio, are failing. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Why I Still Fly My “Trump Won” Flag: The Dow Jones is headed for 25,000 and below, thanks to a stolen presidency

Just as a reminder, I still fly in front of my house a flag that says, “Trump Won” for everyone who needs to know. 2020 was only one of the biggest crimes in history. We allowed an intelligence agency using America as a front for their organization, but connected to globalists everywhere, to steal our vote and give us this piece of garbage Joe Biden as a puppet president. The Dow had just broken 30,000 during Trump’s term. After he was removed from office not by a vote, but by a tampered election, with evidence coming from every direction, the economy started heading in the wrong direction. There is plenty of evidence of election fraud in 2020, but nobody wants to look at it. Nobody wants to admit to it. So I have flown that flag every day for over two years to remind everyone how complicit they are in destroying the world. And that I was not a part of it. I voted for Trump again, and when the current U.S. government made its move to get rid of him, which we can still see the evidence of that with the hostile FBI that has been revealed in its wake, I worked to defend our vote by acknowledging what happened, while everyone else followed their leaders like sheep to their own destruction. After Trump left office, the Dow, through its own momentum, went up a few more thousand points, but the socialist policies of the globalists and the destructive behavior of the American Fed destroyed our thriving economy, and the momentum stopped about a year into the Biden presidency. And now, after a clear recession, which nobody wants to admit to, the Dow is under 30,000 and is headed much lower. And everyone can watch as their 401K plans lose all their value because they did not defend their vote when they needed to, and they allowed this mess to happen by not standing up for what was right when it mattered most. 

Looking at our public education system for its terrible mess, one of the clear takeaways that people seem to have learned was to put up with bad behavior, turn away from the bullies, and if someone steals something from you, to let them have it. I have never accepted that concept when I was in school, and I certainly don’t accept it now. But most people have no backbone. They have no personal courage. And when they get pushed around, they take it. That’s why election fraud on a massive scale occurred in 2020 and cost us President Trump, who was doing a very good job. People who thought Biden could be inserted and everything would just continue as usual were smoking crack. It only took a few months for the inserted Biden administration to start implementing the United Nations goals for destroying America, the stolen wealth, and redistribution they had always planned to implement. Now we are seeing the results. And they try to lie about what those results are. A recession is two consecutive quarters of negative GDP growth. We are going on a year of it now. We are in a depression that has been propped up by ignorance and happy talk. The true condition of our economy is as phony as the Biden presidency itself. It wasn’t elected by popular vote; it was taken by force and given its own reality by bad people who were doing the deed. And they thought people were so stupid that they would just take it and shut up, even as they still lie about whether or not we are in a recession. They don’t tell the truth about anything, and the ship is sinking fast. 

I was having dinner with some people along the river in Cincinnati, where the bike path that crosses through the city runs, and they felt right at home because they were from New England. I always remind people, especially regarding zoning laws, that they were created by people trained to think like Europeans. So that is why we have all the roundabouts that are going in everywhere because people studied in college all the European jealousies from what they call the “motherland” and want to implement them all over the United States. I hate slowing down for a ridiculous roundabout. In intersections where you could just fly through at 50 to 60 miles an hour, now you have to slow down to 30 to drive around a stupid circle. They say that studies indicate that traffic flows better with roundabouts, but I hate them. And how did they get into our zoning, the same way that election fraud occurred, through laws and legislation made on the back of a napkin where a bunch of mindless fools just blindly followed the person in front of them? That’s how many of these things happen, and I found it embarrassing to see people from New England talking about how happy they were to see that Cincinnati was such a “progressive” city. They had a silly little bike path that let people ride their bikes without those mean gas-powered cars making so much noise. They liked that it was so quiet on that bike path, so they could listen to mother nature complain about her latest menstrual cycle from planetary bombardment with life-killing space junk that comes our way every 20,000 years. The same forces that gave us roundabouts in America and bike paths are who stole our election in 2020 so that they could make us even more into that garbage pit of Europe.

By flying my flag, I make sure that everyone knows that I’m not one of the dumb people who allowed it to happen, like fools who just believe what someone tells them. People who learned in their public education to follow orders but not to think allowed themselves to be suckered, and you can now see the danger of that behavior. The market economy in America is crashing, and it was done on purpose. And the same fools who played along with the Biden presidency now realize just how stupid that was. These aggressive, jealous European forces who have always wanted to destroy America have been doing it for years by corrupting our rules and regulations behind the scenes. And they lie to our faces when caught, just as they did over the definition of recession. And just as they did over election fraud. You can trace that election fraud to the American intelligence agencies and their desire to preserve the Washington D.C. Swamp for their own reasons. But the Swamp is a creation of Europe, just like roundabouts and the culture of the aristocracy they have always been so in love with. And those who let it happen can watch their 401K plans evaporate before their eyes. The Dow Jones is headed for 25,000 soon. Remember, when Trump took office in 2017, the Dow was at 18,000.   All those trillions of dollars of value may be completely wiped away during the Biden presidency. And who will there be to blame? Well, the idiots who allowed election fraud to happen and did not say anything as Covid was used to destroy American life from the minds of the mindless bureaucrats. The losers who brought us roundabouts have also created a terrible economy because of a stolen election. And the people who just put up and shut up about it are those most guilty. And it’s important to remember who those people were as we continue to watch the economy tank because it was a decision, not a natural occurrence. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Disney Stock is Down 31% to the Year: And its never coming back

I warned everyone years ago, Disney stock is never coming back. Currently, as of this writing, it’s down 31% of its value for the year, and this was before the big battle with Ron DeSantis in Florida occurred, where the tax status and self-governing control is in jeopardy. The writing was on the wall a long time ago. Being a Star Wars fan, I was encouraged when Disney bought Lucasfilm, which makes Star Wars products. I have wanted it to work. My wife and I had one of the best vacations of our 34-year marriage in 2019 when we went to Disney World and enjoyed all their creations to celebrate the opening of the Star Wars ride, Rise of the Resistance. No company but Disney could have made a ride like that or built a Star Wars land like what they had in Florida at Hollywood Studios. So I don’t report this news about Disney happily. I’m a fan and have wanted it to succeed. But reality is headed in an entirely different direction.

I’m the guy who used to go to Target in September when the Holiday toys would come out for Star Wars and buy up the cool stuff before anybody else did at midnight. The toy aisle at Target and Walmart used to be filled with Star Wars figures just from the movies that were made in the 80s and 2000s. But after Disney bought the brand, and the company headed in the direction indicated by the Desecrators of Davos globalists, like Klaus Schwab, the brand of Star Wars has died. Gone are the toys or the demand for them. Kids have moved on to their favorite YouTubers, and when you see what Disney has done to a really solid brand, like Star Wars, you can see what they are doing to everything else that Walt Disney built. Disney as a brand is damaged, and it will never recover, and those are the facts. Get your money while you still can.

The truth is that in a free culture like America, the Davos plan for our complete economic destruction by hijacking our brands and destroying them from within with ESG scores will fail. If Disney isn’t going to provide a family-friendly place, then someone else will come along and do what Walt Disney did. America will not be deprived of what we want. We made it in the first place, and we can make it again. Disney World was built when I was a real little kid; I was there when they started digging out the big lake in front of Magic Kingdom. I remember it. It hasn’t been that long. If the family value dollars aren’t going to Disney, they will go to its eventual replacement, whatever that may be. But American brands won’t just go away, as has been the plan by those who hate America, and which to desecrate all the corporate branding directed through finance to a global change state to a one-world government managed by the Desecrators of Davos. The playbook is out, and people can now see what has been going on for a very long time. Being close to Star Wars, I watched how fast Disney destroyed the brand in just a few short years, and now we can see that brand damage everywhere.

Even the great Pirate films with Johnny Depp are going through a wake rethinking with his court trial, destroying his personal brand attached to the Pirate films. Not having anything really coming to rebuild the Disney brand, no new Johnny Depp Pirate films, no great string of Marvel movies like they had with the Avenger films, Star Wars damaged the way it is with woke politics, there is nothing on the horizon that will help Disney recover the damage that has been done to it. There are Avatar movies coming, and next year there is an Indiana Jones film. Those might be entertaining, but we are in a different world now with entertainment where streaming services are driving entertainment value, and the days of the billion-dollar blockbusters worldwide are becoming less reliable. Covid interrupted that cash flow for Disney. They played along with the woke politics of it, and now they are going full ESG, and that is not a replacement of value for investors or fans. That has left Disney in a tough spot that they put themselves in. They incorrectly played the wrong side of politics by fully embracing Rocky Horror Picture Show politics from the radical communist left. In truth, their real fan base is Trump conservatives. 

Disney has always been about family-friendly content and a safe space for boys and girls of all ages. But now that they have come out against the very popular governor Ron DeSantis in Florida, Disney has essentially cut off half of their audience. Some of the squishy Republicans who have booked their Disney vacation a year ahead of time don’t want to take a moral stand at this time. Still, as the trend continues, which it will, they will stop booking those vacations because the nostalgia of doing it is going away. And Disney can’t survive with its top-heavy costs. They are essentially where General Motors was before 2008. They are only floating along with inflated value perceived by theme park attendance. Their Disney+ service is struggling. The current show that is so hot there, Moon Night, which I think is fantastic, isn’t enough to justify its existence.

Disney can’t produce enough content to keep young people interested. YouTube is by far the preferred path for young people because daily content is new and refreshed daily. Production value isn’t a concern for young people of the Minecraft video game generation. They only care that what they see is new. Disney has lost that next generation, leaving them to desperately cling to these left-winged communist radicals because they bet all their chips that America would essentially become China. In 2022, that is clearly not going to happen. Trump is going to be back in the White House in 2024. Ron DeSantis is establishing the new rules for being a state governor, and the political pendulum is swinging back to the kind of America that Walt Disney provided entertainment to. The future of America may well be the most conservative in the history of the world once the smoke clears from all this, and Disney is nowhere close to appealing to those types of people. They are now positioned among the radical types, the anti-family movement. That doesn’t mean that good, family-friendly entertainment is gone forever. It just means that Disney won’t be the provider of that entertainment. They are not agile enough to react to these changing markets, and instead, they are digging in. So those stock prices are gone forever. Their value in 2019 and early 2020 was their high-water mark of real value. Inflation may make things appear to be better than they are, but the public sentiment toward Disney has been destroyed. And unfortunately, it has been destroyed forever. Yet, someone will come along and replace Disney. America will be what America is. The attackers of our culture want to destroy our companies and us like Disney. Like Star Wars. Marvel. But it’s not the company itself that makes the content or buys the product. They just provide the transaction, and anybody can do that. And they will. Disney can die, but the need for what they offered will live on, which will be the next great investment. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

A Review of ‘The Lords of Easy Money’: What’s behind the smokescreen they don’t want you to see

As bad as things seem, I’ll have to say I feel privileged to live in a culture that can produce books like The Lords of Easy Money. The new book by Christopher Leonard is what I consider a real treasure to a rich culture. After reading it, it spawned in me an insatiable appetite for solving some of our modern problems, and right there in those pages, everything was clear to see. I took last week off everything essentially to read an additional 12 books of all types of wide-ranging subjects connected to the subject of the Federal Reserve and the history of Banking in America and the Constitutional problems that are part of it. I think I slept 3 hours last week as my reading list was very aggressive. Good books are better than sleep to me.   We’ve all talked about this before, but never has there been a writer who was able to put their finger on the problem quite like Christopher Leonard has. For me, it was the big block in the puzzle that put everything else together, and I feel greatly enriched by it. Because of it, I am much more inclined than I was before toward the banking policies of Andrew Jackson as he let the charter expire for the second attempt to put centralized banking in charge of our central government. These subjects are too complicated for our news reporting, so they never get talked about, yet the corruption at play here is mind-blowing, and it is there that we must focus on in the future if we want to save our nation. I’ll have a lot to say about this book in the months to come, but for now, we’ll talk about the tip of the iceberg. 

The problem starts with the American Constitution and Alexander Hamilton and his debates with Thomas Jefferson over the merits of centralized banking. Hamilton’s interpretation comes from Article 1 Section 8 at the very end, “to make all Laws which shall be necessary and proper for carrying into Execution and Foregoing powers, and all other Powers by this Constitution in the Government of the United States, or in any Department or Office thereof.” In other words, if the government thinks it needs it, it can have it. This is also why the duel between Aaron Burr and Hamilton should have happened on the day before Jefferson and Hamilton had this discussion. Hamilton’s argument opened the door to the kind of crazy lunacy regarding fiscal policy that we see today. Lucky for us, we have had great presidents, such as Jackson, who fought this battle before. It has taken a lot of time for the crooks and thieves of Wall Street and politics to become emboldened to the level they are now, to rob openly, loot, steal, and sell out our country in the fashion that The Lords of Easy Money articulates. But make no mistake about it, Christopher Leonard is not arguing against the Fed. He is, in fact, a Democrat. He’s not at all crazy about the Tea Party movement or President Trump. He wants the system to work. He actually makes an excellent argument for the Federal Reserve. Still, in the research he conducted, which went on for years, the actual Federal Reserve regional bank president Thomas Hoenig out of Kansas, Missouri, where this real glimpse into the problems of the Federal Reserve came to light and is the heart of the whole book.

The Federal Reserve has a consistent problem because it functions as many school boards do or any government that emphasizes consensus rather than dissent and argument. In the case of the Federal Reserve, all the bank presidents who end up on the FOMC (the Federal Open Market Commission) consist of 5 appointed positions; the other seven are rotated among the regional bank presidents. There is always one permanent seat for the Federal Reserve Chairman and another for the New York Federal Reserve. Around 2010, when Fed Chair Ben Bernanke began a policy of quantitative easing to deal with the crash of 2008, the only person on the FOMC committee to vote against it was Thomas Hoenig, which was embarrassing for Bernanke. They had always had consensus up to that point, at least what they showed the public. But Hoenig felt that the policy was dangerous, and he continued to vote that way until he retired eventually. But the Fed ignored his vote and kept the policy going anyway until things really exploded out of control after Covid came and did its damage, which is our present problem. The most obvious problem that comes to mind with this arrangement is that all the members have PHDs from socialist-oriented schools where Marxism is heavily studied. So they all think the same way. Thomas Hoenig was considered a soft “r” Republican, but they all essentially thought the same way about fiscal policy. The value of something was supposed to need Fed action for it to be useful. Rather than dealing with what elements of the economy create value, such as free people able to function and produce, the Fed believed that all activity was more or less fixed. It was their job to manipulate interest rates or print money to inspire growth. When you have 12 people who all think the same way on these matters, you will get what you are going to get. 

In reaction to the housing bubble bursting in 2008 and the election of the socialist Barack Obama, who put tight controls on economic behavior, Ben Bernanke, then Janet Yellen, then Jerome Powell would turn to what they call ZIRP (zero interest rate policy) to flood the market with cheap money and to build up a massive asset bubble that Wall Street could count on a “Fed Put” strategy to bottom out the risks on an asset pricing strategy. For instance, to inspire the buy-up on all those risky mortgages after 2008 for which BlackRock became so wealthy, the Fed boosted the purchase with a public-private partnership that removed much of the risk by pumping up the potential losses with the money supply. There has never been a restoration to normal on the Fed’s balance sheet. What started as a mess on that balance sheet of 900 billion in inflated assets in 2009 ballooned to 4.5 trillion by the end of 2019. Now, after Covid, the balance sheet is at 8.2 trillion as of this writing, and it’s going up every month by 120 billion with no signs of an end to it. So now we have an asset bubble that is poised to burst at any moment, and the smoke and mirrors of the political arrangement between Congress, Wall Street, and the Fed is out of control and explains a lot of why major investors are putting so much effort into pumping up the Chinese economy. They are trying to hide the money they have gained during all this in a new economy for their own preservation. The whole situation truly is a mismanaged disaster. Of course, if money is all you care about, and you want to protect what you’ve built, China suddenly doesn’t look so bad. Why is everyone so upset over their human rights violations and communist central government?    

But the first step is in understanding it all. I never was, and I’m not now a person who will say we shouldn’t have a Fed. There needs to be a way to manage the money of society. As I said in the video above, with space exploration coming on fast, spikes in the gold standard and other precious metals will need to be managed through a stabilized currency. But when you create something like the Fed and put a bunch of people trained in Marxism in charge of it, well, you get the failures of Marxism as a result. Rather than have people running these banks who actually understand the value of labor and how to apply it to actual assets made by the human mind, instead, they have created a bureaucratic nightmare that is poised to blow up out of this artificial asset bubble that they have made at the Fed and will cause significant harm to all the people who depended on the Fed to do the right thing. And in doing that right thing, Thomas Hoenig has told his story of how painful it was, which is the point of the excellent book, The Lords of Easy Money. This has been the smokescreen nobody wants to talk about, behind nearly every news story that they hope you never find out about—until it’s too late.

Rich Hoffman

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Become a Millionaire Overnight: Coronavirus deaths in China are much less than 1%, so why the panic?

You have to understand dear reader that goal of the CDC and other agencies warning about the spread of the coronavirus to the United States is to create an artificial fear that will disrupt the economy, to not only incite a short term hit to the stock market, but to produce a bad quarterly economic report around the time that the Democrat convention is about to announce its nominee. If the FBI was in on a scandal to overthrow the 2016 election working with the DNC to do so, then the CDC is up to the same kind of activism in hopes to cause poor economic news that might torpedo President Trump’s election in the upcoming fall. However, like all the attempts as before, the Russian hoax, the fake impeachment which went nowhere, the liberal establishment is using fear to attempt to capitalize off China’s fake news attempt in a similar fashion, to cover-up their poor economic performance after the Trump trade war. They hope that if the news can cover up the economic story in China, then perhaps it might incite people in America into a panic that might hurt Trump. But its more fake news, because the real value of the Dow is now over 29,000. If I were you, I would buy up some stock for those companies today, within the hour because when these kinds of things happen, its time to profit off the chaos, and to turn it around on the perpetrators.

Oh, don’t be naive and toss this news to the pile of conspiracy theories that are floating around out there. For anybody who has been to a Thanksgiving dinner full of deceitful family members pretending to like each other for the sake of the ritual knows to what level every single human being alive is capable of compunction and if profit for them is spelled out clearly, they will utilize it. For many such people employed at the CDC, the FBI, or the DNC, such compunction is obvious, and easy. They are motivated to stop President Trump by any means necessary, and if they have to try to scare people away from voting for him by taking away his greatest triumph, the economy, then they will do it with the fear of death and not think twice about it. Never underestimate the levels of evil that people will undertake to achieve something deceitful, and it is they who will be the first to call such a suggestion, a conspiracy theory. If you know people, you know that they are perfectly capable of such a malicious attempt, even if it causes trillions of dollars of temporary losses at the stock market. I would say to those thinking of what to do with their own investments, push it all in and make yourself a millionaire. The recovery will be back to pushing at 30,000 within a month.

A good indicator of such ability at market manipulation is from the primary opponents to Donald Trump who are fellow billionaires, two of them from New York, George Soros, Tom Steyer, and Mini Mike himself, the former mayor of New York, Bloomberg of Bloomberg media. Pouring a little of their money into the media system is a good way to trigger selloffs, they know how that game is played because that’s how they got rich in the first place, buying low and selling high. They know how to drive down a stock price and two of those people are running for president against Trump right now. In the United States the coronavirus isn’t much more dangerous than the common cold, more people are dying of the common cold presently than this new Chinese contraption. The virus feeds off people living in third world conditions and let’s face it, most of China is. It will not be a problem in the United States, where every part of the country has access to first world resources.

But don’t expect the money of Bloomberg, Steyer, and Soros to let the public know that. Mini Mike knows the only way he has a remote chance at beating President Trump in a fair election is if he can take down the great Trump economy, and that is what this coronavirus nonsense is all about. Likely, there are many other sources of revenue pouring into the media through ghostly sources, but if you trace the money beyond the tributaries, those three names will likely be at the head of it, but committed in a way that does not directly tie them to the panic. This panic is just more fake news, it was that way in China and it is even more that way in the United States. Presently the number of deaths from coronavirus is 2,362. Does anybody know what that is in percentage of China’s total population? Its not even 1% of the population. There are more people likely being killed each day from a hammer falling off the top of a house than are dying from this disease, so the reporting of it is meant to be misleading and to instill panic. Even more likely, there are many more people dying in China from elements of a common cold that go unreported as usual because statistically, the numbers are so small. And proportionally, the same story could be told in South Korea and Iran where more of these stories about the coronavirus are spreading. The story is a hoax. The disease might be real, but the impact it is projected to have on the world is.

But to accept that we must accept that we have so little faith in organizations like the CDC that is always looking for a handout for more government money, that this is an advertising blitz for them to get more congressional approvals for their work. Nothing like a deadly disease prevention action to jack up their funding levels, and to help harm the chances that a declining economy might hurt Trump from being re-elected. We must accept that people can be this cruel, that they would wreck fortunes and destroy lives for political motivations if those motivations serviced their desires. Even Sam Donaldson is taking a check from Mini Mike, imagine all the media outlets who are starving for some of that Mini Mike money in ads. A deadly virus outbreak is even better especially if it helps the guy that is pouring so much money through advertisements that they’d like to see continue coming. If only they could help get Bloomberg over 15%, maybe he’ll continue wasting his money?

Yes, people who are behind spreading this virus killer news think you are stupid and overly emotional, and they are trying to capitalize off your fears. Just like the left does with school levies, with Social Security—practically anything that Democrats have their name on, fear is their driving force. And because China started this rumor of a mass coronavirus outbreak several money movers jealous of Trump in the United States are piggy backing off it to attempt to drive down the stock market and hurt the great economic news that has so far been a part of Trump’s entire term. It’s the only chance they have left in the tank before the election, and, thinking the way that these guys do, it’s a chance for them to get even richer off the panic. And that is why dear reader, they think you are a sucker, a fool, and a loser who might switch your vote to them.

But wait, you still doubt what I’m saying to you? Well, think about this, usually when the media reports that there is trouble in the stock market, they always speculate as to the cause, but the evidence is always vague. However, in this case, most of the media outlets over the last couple of days, even reporting the issue before the markets even opened planted the seeds to the virus being the driver with great certainty. And that is what we all call old fashioned misdirection and an attempt to shape public opinion to enact a cause and desired political effect.

Rich Hoffman