I'm not equipped enough to go into the Federal Reserve details with the continual printing of some $85 billion per month that is being pumped into the nation. I just know the problem continues and escalates. But I came across an article this morning that explains something about where the money is going. Consider the price of anything and ask what is in that price...what does the supplier do with the money that you spend to purchase anything? Does the price have any true relationship to the cost of production with added profit for the company producing it? (economics is not my tour de force...just warning you.)
Because our government has become a corrupt soviet socialist + fascist system of "pay to play," the companies from which we purchase goods and the non-profits to whom citizens donate are paying off politicians for "favorable" legislation. Trust me, there will never be enough money in your pocket to get into this club. And trust me, the supposed "favorable" legislation is not "favorable" to you, but is designed to strip your pockets and grease the skids for government clients.
The article that caught my attention was this From the Daily Caller on the subject of how environmentalist groups spent fortunes on the VA governor's race. Ask yourself why they would do that?
Two of McAuliffe’s biggest funders were the Virginia League of Conservation Voters and NextGen Climate Action. They each spent about $1.7 million on the former Democratic National Committee chairman’s campaign. The Virginia Chapter of the Sierra Club gave nearly $500,000 to McAuliffe.
Green groups also spent millions on TV ad buys during the campaign. NextGen Climate Action, which was founded by San Francisco billionaire Tom Steyer, spent more than $2.4 million — the most spent on TV buys by any group.
Steyer, a major Obama fundraiser, has been a large backer of anti-Keystone XL campaigns and his political group, NextGen, also supported the election of Democrat Ed Markey of Massachusetts to the Senate.
Environmentalists were successful at making global warming a central issue in the campaign, having former University of Virginia climate scientist and global warming activist Michael Mann stump for McAuliffe.
The same article explains that the coal industry also donated to McAuliffe, but didn't contribute anywhere near the huge amounts that the environmentalists did. As you know, the coal industry is being decimated by the leftists in elected and unelected positions. I would guess that the coal industry doesn't have the disposable funds to play this game any more. Whether or not you agree that fossil fuels are evil, you would have to conclude that the fossil fuel industries have afforded us all a great life of prosperity AND that America has the cleanest energy industry on the planet. Your energy rates and costs keep going up and up in your house. You also know that wind, solar, and biofuels are not going to provide anything close to the energy needs we have or will have in the future....And that they are more expensive alternatives. You also have to know that environmentalist groups who are pushing the hoax of global warming / climate change are not interested in your energy security.
We are witnessing the perfect storm as it forms. We have QE and ZIRP inflating the mother of all bubbles (stock market) coming from the monetary side and we the other idiots in Washington are strangling the life out of what's left of the middle class with ObamaCare and more draconian EPA regulations. It's salvese quien pueda time, amiga!
ReplyDeleteI wish I knew when the perfect storm is going to arrive; but I nir anyone else can say with certainty. But, I wouldn't be surprised if thing aren't pretty wild by the time the mid-term elections next November.
One of the reasons I learn so much from Asylum Watch is because you add information about the economics of this situation, Jim. If I can dumb it down to everyday household basic economics, then I get it better. Or even busines economics since I have experience there. But don't ask me how anyone makes money by shorting stocks....I cannot grasp that worth a nickle. You are no doubt right on the storm coming...I think world wide, since I read about the EU debts as well. Makes you wonder why the idiots cannot grasp it...or they do, but just don't give a rip...more likely.
DeleteThey love to bring the crisis on right before an election, too, don't they! Lovely. When the business sector gets hit totally with the Obamadoesn'tcare fiasco, we are really going in the tank. I hear you are having a great time with healthcare in V nation.
Take good care my amigo...we are swimming in the same shark infested waters!