Monthly Archives: October 2019

Return to proportional representation of 1:30,000

Here’s another one that falls in with a Washington influence. Representative Freedom. Restore the ratio of 1:30,000 in the house. Modify the Apportionment Act of 1911 to un-cap the 435 representatives to reflect the original representation rate. If you think about it, how can each representative adequately consider constituents when they have roughly 900,000 people each?! It’s no wonder why a handful of lobbyists from drug companies can better influence “illegal plants” vs. those of us who think The People should be making the choices about what we ingest in our bodies.

Just to give you perspective, a ratio of 1:30,000 would mean about 11,500 representatives in the US House. I think this could really throw a wrench into special interests lobbying.

Here is how James Madison recorded Washington’s comments and “his wish” concerning representation in the US House of Representatives:

“When the President rose, for the purpose of putting the question, he said that although his situation had hitherto restrained him from offering his sentiments on questions depending in the House, and it might be thought, ought now to impose silence on him, yet he could not forbear expressing his wish that the alteration proposed might take place. It was much to be desired that the objections to the plan recommended might be made as few as possible – The smallness of the proportion of Representatives had been considered by many members of the Convention, an insufficient security for the rights & interests of the people. He acknowledged that it had always appeared to himself among the exceptionable parts of the plan; and late as the present moment was for admitting amendments, he thought this of so much consequence that it would give much satisfaction to see it adopted.”
— Read on www.targetliberty.com/2019/02/countering-socialists-five-freedoms.html

Expanding the HOR or 11,500 or even 1,150 would DRASTICALLY reduce the power of lobbying organizations.

Repealing the 17th amendment simultaneously would eliminate most lobbying in DC.

The Threat of a US Government Debt Trap | Mises Wire

The issuance of debt is normally subject to a contract that it will be repaid at the end of its term, along with the coupon interest. The exception is undated bonds, when only the interest contract must be fulfilled.
— Read on mises.org/wire/threat-us-government-debt-trap

That is our best case. Now let us assume the more likely outcome, our base case, which is where the effects of a credit cycle play a part. This will lead to a fall in Federal Government receipts and an increase in total expenditures. Taking the last two cycles (2000-07 and 2007-18) these led to increases in government debt of 59% and 239% respectively. Therefore, it is clear that borrowing has already been accelerating rapidly for a considerable time due in large measure to the destabilising effect of increasingly violent credit cycles. If the next credit cycle only matches the effects on government finances of the 2007-18 credit cycle, government debt including intragovernmental holdings can be expected to rise to $51.4 trillion by 2028. This compares with the CBO’s implied forecast of only $34 trillion of government debt over the same time-frame and makes no allowance for the cyclical effect on interest rates. More on interest rates later.

Because the underlying trend is for successive credit cycles to worsen, the $51.4 trillion figure for federal Government debt becomes a base figure from which to work. But there are still considerable uncertainties, particularly over the form it will take. 

The character of the next credit cycle is unlikely to replicate the last one, which was a sudden financial and systemic shock. Today, the US banking system is better capitalized and off-balance sheet securitization has been brought largely under control. There are however, uncertainties concerning the euro zone banking system. There are also risks in global derivatives markets and the potential knock-on effects of counter-party failures on the US banks. Furthermore, there can be little doubt the sudden systemic shock of Lehman afforded a degree of protection for the purchasing power of the dollar, and therefore of the other mainstream currencies, despite the unprecedented monetary expansion. 

However, it would be complacent to expect an outcome of relatively low price-inflation to be simply repeated at a time when government finances are even more dramatically spiraling out of control. Last time the threat was systemic to the banks, but next time the inflationary consequences of government finances is likely to be the dominant problem. 

The explosion in the quantity of government debt that our analysis implies has many economic consequences. In the context of our rough analysis we should comment on the point made in the original Reinhart-Rogoff paper, which is that the reduction in GDP potential that results from an increase in the ratio of government debt to GDP is likely to be significant. The growth in Federal debt that replicates the post-Lehman experience will leave the US Government with a debt to GDP ratio of over 170%. The CBO assumes GDP will increase by 48% by 2028 to $29.803 trillion, whereas our cyclical case is for debt to rise to $51.4 trillion. While both these figures should be taken as purely indicative, clearly, US Government debt will increase at a faster pace than the growth in GDP and will strangle economic activity.

If the purchasing power of the dollar declines more rapidly than implied by the CBO’s assumed 2% price inflation target, interest payable on Federal debt will in turn be sharply higher than expected, compounding the debt problem. The Federal Government will face a potentially terminal debt trap from which there can be no escape.

Trans Athletes Are Posting Victories and Shaking Up Sports | WIRED

Transgender athletes at all levels of sport are winning medals, spurring a contentious debate over the future of gendered competition.
— Read on www.wired.com/story/the-glorious-victories-of-trans-athletes-are-shaking-up-sports/

The backlash from this ridiculousness, and asinine articles like this defending it, will explode in a few years.

Adults transed as teens will sue doctors who castrated them, and the transbians will slink away like vermin.

CIA Analysts Lawyer Up As Brennan, Clapper Ensnared In Expanding Russiagate Probe | Zero Hedge

“A line of inquiry based on accusations made by George Papadopoulos…”
— Read on www.zerohedge.com/political/cia-analysts-lawyer-brennan-clapper-ensnared-expanding-russiagate-probe

One Western intelligence official familiar with Durham’s investigation leaked that Durham has been asking foreign officials questions related to former Trump campaign aide George Papadopoulos, who was fed the rumor that Russia had ‘dirt’ on Hillary Clinton by a Maltese professor, Joseph Mifsud. While US media has sought to portray Mifsud as a Russian asset, the self-described member of the Clinton foundation has far stronger ties to the West.  

California Is (Again) Teetering On The Edge Of Financial Ruin | Zero Hedge

if California doesn’t do something soon, the state could become (further) living proof that creating a liberal utopia by hiking taxes and adding regulation is nothing more than a pipe dream, if not a full blown recipe for exactly how to drive an economy into the ground. 
— Read on www.zerohedge.com/political/california-again-teetering-edge-financial-ruin

We’re in a permanent coup

I’ve lived through a few coups. They’re insane, random, and terrifying, like watching sports, except your political future depends on the score. The kickoff begins when a key official decides to buck the executive. From that moment, government becomes a high-speed head-counting exercise. Who’s got the power plant, the airport, the police in the capital? How many department chiefs are answering their phones? Who’s writing tonight’s newscast?
— Read on taibbi.substack.com/p/were-in-a-permanent-coup