Are Greenbacks heading the way of the Iron Horse?
Liquidity – the New Bandaid
Central bankers are preoccupied with financial instability.
Financial markets that were assumed to be the fiscal disciplinarians for nations and cultures are irresponsible, prone to panic and that leads to instability. Instead of taming monetary gyrations, central banks, with the Fed leading the way, have taken it on themselves to act as a comprehensive backstop to the financial system. Liquidity is the slogan under which central banks now backstop the entire financial system on a near-permanent basis. Feckless politicians fall in line because they don’t know what else to do.
National debt can therefore be handled by lowering the interest rate on bonds to zero and printing money to institute liquidity, while controlling inflation. How many fingers do you have to plug into the dike? The US Dollar is the world’s reserve currency and has an advantage that other nations don’t have. As long as that is true, ‘what’s another trillion dollars?’
China Vows to ‘Fix’ Hong Kong
(Radio Free Asia) Communist China said that it is preparing to “perfect the legal system” of Hong Kong with national security legislation that will outlaw speech and actions considered subversive, pro-independence or part of “foreign interference” in the city. (read the whole article)
(1984) “There will be no curiosity, no enjoyment of the process of life. All competing pleasures will be destroyed. But always— do not forget this, Winston— always there will be the intoxication of power, constantly increasing and constantly growing subtler. Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless.
“If you want a picture of the future, imagine a boot stamping on a human face— forever.”
Communism is the same as any other form of totalitarianism. Absolutism can not exist in an environment where free people are armed and are capable of reacting to tyranny. It gives new perspective to the donkey’s frantic efforts to disarm American patriots. It also shows where Barack obtained a lot of his inspiration. Hillary Clinton was perfectly poised to continue the work that the Obama Regime began. And then the American people elected Donald Trump. It explains why the Donkeys and a lot of RINOs (such as Mitt – Pierre – Romney R/D-UT) have been trying to remove President Trump from office.
Taiwan is taking the brutal repression of free people in Hong Kong as an object lesson of what will happen to them should the Communist Chinese successfully invade the island.