Something is wrong with my chart

How come those oil prices went now where since 2014, but the implicit deflator kept on climbing?

Perhaps the two intend to meet up later?

Bracero Bunyon

LA honors the farm worker with a 20 footer. Why not, but I expect a good taco stand nearby.

What the founders meant by regulated militia

They wanted communities to form pre-organized patrols to handle a sudden bout of external or internal chaos. In our words those are of two types, regulated badged cops or regulated badgelr private security. Regulated means connected to a public sense of authorized use, registered with the ocal police commissioner.

Soaring radar drone

It has a 10 foot wing span, soars above the stadium and watches with a police radar. Unauthorized drones shot down by separate cop drone, shot with plastic pellets. Simple, no human involved, only danger is from falling electronics and mini motors.

Radar drone patrols the intensive drone traffic above out streets. It has flight plans i its memory, and regulated drones beep their ID and location. The unregulated drone is a threat to the regulated militia, the cops. They are a violation of the Second, get blown way immediately. The drone represents a human thumb print, and human thumb prints are not allowed to disturb the presence of badged, regulated militia.

WeWas WeBit WeIrd

WeGone.

Being a repub dissident with the name Flake

Fellow Republicans, There’s Still Time To Save Your Souls

I am not invited to his parties, but the coincidence of the name is still too much for my Redneck mind to overcome.

It is a thousand years of history

Hong Kong Is Winning the Global Public-Opinion War With Beijing The Atlantic


Mainland centralizers vs the provinces. Hong Kong is the largest part of that struggle, aggregation has limits, it puts stress on the set of provinces.

The solution is to do Belt and Road with one half the volatility as the last time they did Belt and Road. Say: "OK, we have a free market port of entry, a single exception a new line of symmetry". Give them multiparty democracy, and see if this pushes Belt and Road. I think it does. Xi has a trade there that is Pareto efficient.

The Hooters were our military friends

The Military Officials Who Knew Saudi Arabia Would Fail

But the oil companies and Trump looked the other way and now we are frigged.  

This is how many times the repub and their oil companies have frigged up. Trump is gonna get us bombed by Hummerdudes  and the Hooters are cool, says the US military.

A losing proposition

Why California is failing to put a dent in homelessness

Despite spending billions on homelessness, governments and non-profits have failed to put a dent in California’s population of city street-dwellers. Things won’t change until policymakers recognize that their current approach doesn’t scale and too often ignores the public’s interest in clean, safe streets.
In July, Gov. Newsom toured the Estrella Vista Apartments, a new affordable housing development in Emeryville. The visit allowed Newsom to highlight steps that the state, local governments and non-profits are taking to tackle homelessness and the shortage of housing. It also gave him an opportunity to push back against President Trump, who has been weaponizing the homelessness issue against California Democrats.
But the Estrella Vista project epitomizes the problems with California affordable housing policy: Estrella Vista’s 87 units have an average construction cost of $736,239 and it took eight years from property acquisition to project completion. High costs and long development times are common for the kind of infill, transit-oriented projects California planners prefer.
Also, because affordable housing projects like Estrella Vista are often owned and operated by not-for-profits, they don’t generate property taxes for the counties, cities and school districts in which they are located. The project’s non-profit developer, EAH Housing, will be able to obtain a welfare exemption freeing it from any property tax liability.

The state and local governments pout in 64 million.  The non-profit builds it on government money and runs the place. EAH owns it and I presume they must have gotten very low interest loans from governments involved. 

More sandbox

Sandbox Initiative: Central Bank of Brazil

On launching, the sandbox received 81 applicants, from which 18 were selected to move forward to the first round. In this first cohort, Oracle, Amazon Web Services, IBM, Microsoft and Federação Nacional de Associações dos Servidores do Banco Central – a Brazilian non-governmental organisation – joined as voluntary partners to provide products and services to support participants’ ideas over the 90-day testing cycle.
At the final stage of the project, 12 firms had prototypes ready. Within the laboratory, start-ups can accelerate the development of their ideas with the help of researchers, developers, specialists and representatives from partnering firms.

All tech players join the sandbox. These central bank experiments are liquidity nets in infancy. Tim needs a seat, and sell AppID as part of the solution. That open his services net to transactions. He can one step Zuck.  Why not Walmart, selling Walmart retail credit and loans, they need their little bank represented.

Know you own customer contracts, written under SecureID seem like a winner here. Thus establishing data security to be made widespread. Why isn't NSA in the mix? Tim should jump in and bring NSA support with him, establish trust in secure contracts.

Park it off shore in the Caribbean

Brazil Is Selling Its Only Aircraft Carrier For Just $1.2 Million

Make it a tourist spot for small plane pilots.

Settling Hong Kong and enhancing Belt and Road for Xi

It is a simple point. Hong Kong is a part of entry, the main port of entry, for Belt and Road. It must be international, free market and open to multi party rule. Thus Hong Kong is an exception to the rule, free assembly is a fair trade that helps everyone and adds liquidity to Belt and Road.

It is a Nixonian Satire

I keep watching a great movie, The Post, with Streep and Hanks.

The same Trump story without all the dead soldiers, done in tweets.  This is pure theatrical material, the stuff of comedies for ages. It is self written, by the main character, in tweets, comes with its own beat.

GOP lawmaker blasts Trump for quoting pastor warning of civil war over impeachment

White Nationalists vs Hispanic Failed Staters.  The comedy potential seems unlimited.

Trump offers WhistleBlower a free condo

Trump demands to meet whistleblower, warns of 'Big Consequences'

Fair deal make her be quiet about the payoffs.

My New Fed plan is a 2.5% wealth tax

My plan recovers an extra 2% for failure to pay Fe monopoly fees since the Nixon Shock.

But the wealthy will agree because fo the endogenous trade, government programs go on cash flow accounting within the system. It is the general form for a central bank contract. The wealthy sees the multipliers. The net tax is only 1%. They would have to pay the half point monopoly fee anyway. Then the more accurate system is a nominal 1% gain.

The plan does three things, Gets the programs on cash flow and sets a 15 year target for repricing the New Fed, and keeps the New Fed and Congress one more step separated.

Mohummerdudes surrounded?

Yemen Claims Saudi Arabia Invasion Capturing Thousands of Troops

Is the 1500 year old war finally over? They have the royals, a bunch of US oil companies,  and a US 200 man Patriot System surrounded?  Finally, saving America from more bombing?  

Repub Sunni Oil Terrorists Defeated! America saved!

Not a whistle blower but a CIA faction

WASHINGTON (AP) — House Intelligence Committee Chairman Adam Schiff said Sunday that he expects the whistleblower at the heart of impeachment proceedings against President Donald Trump to testify “very soon.”
“All that needs to be done, at this point, is to make sure that the attorneys that represent the whistleblower get the clearances that they need to be able to accompany the whistleblower to testimony,” said Schiff, D-Calif., “and that we figure out the logistics to make sure that we protect the identity of the whistleblower.”
As Democrats and the director of national intelligence worked out key arrangements, Trump’s allies erupted in a surge of second-guessing and conspiracy theorizing across the Sunday talk shows, suggesting the White House strategy is unclear against the stiffest challenge to his presidency. One former adviser urged Trump to confront the crisis at hand and get past his fury over the probe of Russian election interference.

There is a split in the CIA, but a significant circumstantial case that a group of agents are presenting this report.   No need to cite Whistle Blower law. It is sufficient that a CIA faction present the evidence. It is still a House procedure unto itself.

Entertained, maybe bemused

Bill Maher: US Will Be 'Paralyzed' by Impeachment

Great theater, one faction of the CIA vs another faction of the same. Nuts like me making gret conspiracy theories. What's not to like?

Paralyzed, Bill, is what happen when debt is over 100% of GDP and everyone agrees with,'I ain't paying any of that'.

Abortion and the Law

Thomas is getting close on this, but not because of reinterpretation, but technology.

It is two parties, expressing the right of self defense, with the aid of regulated militia.  The smallest of the parties can survive out side of the womb much earlier than before, its right can be established with minimal ham to the woman, and that number has been and will be dropping.

That issue overwhelms all of the other religion crap, this is a dominated by the technology issue. It leads to an enormous amount of postpartum issues, like abortionists preserving fetal life. We get large orphanages with fetus up for adoption, real people. Like growing a pet tad pole into a frog. A new form of reproduction. Think matrix, humongous pet shops of fetal preservation tubes, water and waste pumping through the system, artificial umbilical chords.

Then you grow up, adopted by Lawrence Fishburne, get stuck living in sewer pipes.

The female passes on the intelligence?

Dunno, let us hypothesize.
Intelligent women are better and taking care of the brood.
I wonder what google bot has to say?
I looked. Google boy has a list of debate titles,  about 60/40 in favor of the mom. I didn't look further, don't care.

CutnPasting the curve

3 Month  1.74
6        1.83
1 Year   1.75
2        1.63
5        1.56
10       1.68
30       2.13

This tells me that we are waiting for Treasury to make a 30 year decision, the long pole in the tent. We are not confident.

Trump's strategy

He was elected to be the Bull in the China shop, run on his success.

Give a weak, 'Ah shucks' to the Ukraine thing. Point out the small CIA conspiracy, hope they have no Oswald up their sleeve. He should win if there are no mass shootings. The economy is doldrums, that is not an election killer, and many voters think more Bull int the China Shop fixes that. Like, his natural voters are the ObamaTaxCare regretters, the same group that cost Dems four straight election losses. That fear beats Liz.

He likely survives the  economy thing, his only risk is the marginal suburban voter who is about to vote Dem gun control and frig everything up.  The NRA is a pain, but folks are beginning to understand the Second, in its entirety.

Which brings up; there is still a very fouled up set of Supremes, a big wildcard on a whole lot of stuff, they are demented, exactly what we don't need.

Consider the Walmart checkout counters

They are the constricted flow that demand quantization and has uncertainty. Stabilizing the clerks and customers make the hologram work, pricing in the counters matches goods flow, to a fractional approximation.

Now move all that up to the L spots ion the solar gravitational field. These points of symmetry have the same function, except the system is much more accurate, and long lived. In the cause and effect world, at infinity, can we deny that maybe the stable points were the source? That gives us a sense of the debate about gravity, is it an emergent effect, a result of hologram.

Socialist oil companies

Economists Wrongly Accused of Ignoring Climate Change

After all, if the idea is that we need to reduce the gap between social and private costs, the elimination of subsidies that reduce private costs will have the same effect as pollution taxes. Consider the case of fossil fuel subsidies. Roughly a quarter of the world’s oil consumption is indirectly subsidized through price controls. Governments across the world price oil and gas below the international market price. This pushes consumption above the market equilibrium. These governments make up the difference via the revenues from general taxation. These are subsidies to consumption. They reduce the private cost of gasoline thus widening the gap with the social cost. These governments basically subsidize pollution.

What if these subsidies were removed? Simulations by some economists suggest that eliminating them would reduce greenhouse gases by 10% by 2050. Another group of economists suggest that if the subsidies had not existed, greenhouse gases emissions would be 36% below what is observed. This is not a negligible reduction from eliminating a single set of policies. Moreover, these subsidies have existed for decades now. This means that for decades, they allowed for the accumulation of greenhouse gases into the atmosphere. If they had never existed, the growth of emissions would have been inferior for decades which entails that the efforts left to accomplish to mitigate climate change would be minimal.

It is not just welfare subsidies, but the side effects.

The huge global warming wars and equipment we need to defend ourselves when idiot repubs make oil deals in the middle east.   But the geeks got back at the repubs, the geeks invented low cost drones which mean repubs are having to come up with 4 trillion in wasted defense spending.  It is determined that almost no one, repub or otherwise, has any plans to cover the losses of a useless air force and navy, unable to defense itself. And that sounds like the repubs have bankrupted Congress, just do not tell AOC, she will demand an MMT..

Why the Treasury is always cash poor

Federal government use it or lose it spree:

In the final month of the fiscal year, federal agencies scramble to spend what’s left in their annual budget. Agencies worry spending less than their budget allows might prompt Congress to appropriate less money in the next fiscal year. To avoid this, federal agencies choose to embark on an annual shopping spree rather than admit they can operate on less.
This is the “use-it-or-lose-it” spending phenomenon, and it happens every year.

 We can make this better after the MMT. We allow the federal agencies to keep their own bank account in a fair currency bank account.

The sandbox is advancing and likely will force the meeting of the elders sooner than folks are ready.  We already have sandboxers dominating major parts of the shadow banking.

Arabs being returned

Will a ‘safe zone’ be set up in northern Syria?

A bunch of Arabs got stuck in Turkey on the evolutionary road to Swedish welfare.  US and Turkey cannot figure out what to do with them.  Even Turks don't want them.

Truth

• 
  Tweet

Chuck. Schumer Rips Trump's Russian Interference Acceptance 

President Donald Trump allegedly dismissing Russian election meddling efforts as fair game because the U.S. does it, too, is "one of the most disturbing things we've learned yet," according to Senate Minority Leader Chuck Schumer, D-N.Y.

What the hell is Chuck thinking? That we don't interfere in elections?
How is that more disturbing than VP making bucks from insider deals?

Calizuela spending our carbon taxes

LA County supervisor avoids traffic with helicopter rides costing up to $9,500 an hour, records show

Anyone still believe in carbon taxes?

AOC discovers side effects!

The New Impeachment Consensus Complicates Progressive Primary Challenges

“For a lot of centrist Democrats facing primaries, impeachment gave them a chance to flash their anti-Trump credentials,” said one Democratic strategist.

As momentum for impeachment built among House Democrats this week, progressives challenging incumbent members of Congress sensed an opportunity.

The opposition to impeachment from the House members they were running against had become a key campaign talking point ― framed as a lack of courage in the face of President Donald Trump’s power, which reflected a flawed and outdated approach to governing.

Except, as noted in the article, incumbents simply took the impeachment route and AOC challengers lost their cause. 

This is a clear case of AOC learning something new, and it is hard for her, being badly educated as she it.   Clues are very difficult for the gal and she needs Nancy to provide guidance.

Donald Trump plans to mass murder our children

A NYT story that described a straight-up bribe arranged Friday between Trump and the NRA was subsequently edited to describe a meeting where Trump just wanted reassurance that the NRA was still for him.

The NRA, with help from Gov Abbot will mass murder a bunch of children and Liz is the next president.

 I should work for the New York Times!

Mass delusions

SoftBank thought WeWork could be a $100 billion company, and audio from 2018 shows how it inflated the hype

A new type of mental illness.

Tell dumbass doctors to quit causing brain damage

One group that focuses on a prevention-first approach, Prevent Opioid Abuse, seeks to pass legislation on a state-by-state basis to increase transparency between those who prescribe opioids and their patients. The key purpose of the organization is to encourage state legislators to pass a law that requires prescription providers to notify their patients about the addictive qualities of opioids and to tell them about non-opioid alternatives to address acute pain.

Doctors need to tell the truth. Opioids remove pain by killing off the pain mediation in the brain stem.  The result is brain damage, lesions.  Doctors do not know this, they are quite dumb.

Police: Bean Dip Was Spiked With Methamphetamine
Medina-Hernandez’s rap sheet includes convictions for assault; robbery; identity theft; delivery of methamphetamine; theft; possession of methamphetamine; and felon in possession of a restricted weapon.
When Medina-Hernandez was sentenced in 2015 on robbery and assault convictions--for which she received state prison time and a two-year probation term--a judge found her to be “an alcoholic or drug-dependent person” and ordered her placement in a treatment program. 

The perp is brain damaged.  It is years, may five years before the meth head approaches a normal recovery.   For most people this becomes a permanent disability, they never recover.

Calizuela drug therapists lie about this repeatedly. In fact, meth sales have greatly expanded across the USA as Gavin opened up the border to drug trafficking.

This time is not different

John Maynard Keynes once said:

“Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.”

In spite of the defunct, useless theory from MIT.

Yes

The problem of impeachment is no shortage of scandals on both sides

In Washington, this pattern is all too familiar. I have written for years in criticism of Democratic and Republican politicians whose spouses or children received enormous salaries or contracts from companies with interests in legislation. Even newspapers like the New York Times have described the Hunter Biden deals as conflicts of interest.

Graft is everywhere, it is standard.

Land Bridge?

Israel Believed Behind Overnight Attack On Iran's 'Land Bridge' From Iraq To Syria

Let us check the map and see what a land bridge would look like:

Waddya know, the entire border is a flat desert, no bridges needed.

Israel, for some reason, is now concerned with events in Northern Iraq.

Times of Israel:

The compound — known as the Imam Ali Base — is considered a critical element in Tehran’s efforts to create a land corridor under its control from Iran, through Iraq and Syria, into Lebanon and out to the Mediterranean Sea. Israeli officials have expressed grave concerns about such a “land bridge” as it could allow Iran to more easily transport weapons, fighters and materiel throughout the Middle East.

The problem is that Persia needs transportation infrastructure from Iran to the Mediterranean. Syria needs transportation infrastructure back to Persia, They have to build highways even though Shia don't like Israel nor Saudi Arabia. Iran's fault, actually. Iran should not declare war with Israel until after they have settled with the Mohummerdudes. Now they are facing a two front war, pretty stupid.

Mohummerdudes not yet driven back to Mecca

‘People are dying’: The Shia city where Isis are trying to make their presence known

At about midnight on 20 September, a young man got off a white minibus at the entrance to the Shia shrine city and pilgrimage centre of Karbala, southwest of Baghdad. A few minutes later, he pressed a remote control, detonating the explosives he had left in a bag under his seat on the bus.
The bomb killed 12 people and injured a further five: footage shows the bus engulfed in flames and a voice screaming that “people are dying.” Iraqi security sources say that the alleged bomber was swiftly identified from CCTV pictures and was arrested with two other men, whose families hail from the Sunni town of Jurf al-Sakhar. Isis claimed responsibility for the attack.
The bombing made an impact out of proportion to its size because, for the last two years, Iraqi cities have been largely free from the devastating bombings by Isis, the worst of which once killed hundreds of civilians at a time.

These folks are Shia because they don't like deranged Arab Mohummerdudes.  This is why I support Persia. Rule by Immams is not natural but a defensive reaction against marauding camel jockies, a 1500 year old problem. I also like Bashar and the AllRighies for the same reason.

I have no idea why Saudis are our allies. The nearest explanation is repub oil deals, probably the stupidest policy around.

More sandbox stuff

Qwant.
Looks as good as Google after a few trials. I will use this for a while and do comparisons.

I noticed the new search engine while reading about a new open source smart phone OS which ensures privacy. We are getting sandboxed, perhaps unknowingly, perhaps due to Europe privacy rules. But for whatever reason, we are headed for anonymous trading bots.

I have transgenders in my neighborhood

Study Finds Transgender Athletes Have Advantages In Women’s Sports, Even After 12 Months Of Hormone Therapy

And they look like none of the women around here.  

Women in my neighborhood wear unisex, casual clothing.  None of the women dress like transgenders, so I have no idea in what direction the transgendered are headed.  But one can spot them a mile away because they do not look like women.

Same thing with the opposite direction.  A women dressed like a man is a women with the standard business pantsuit, quite common. Or she dressed in jeans, the standard man and women's casual clothing.

It is the true transgendered male to female that is out of place, no longer recognizable as any gender, just dressed fanciful.

Consider the opposite

Could journalists make a recession happen simply by writing that one is imminent?

President Donald Trump evidently thinks they can. And though some have dismissed his remarks on the subject as absurd, Trump does have a point: If enough people think a recession will happen, it will.

Consider the case that we had a recession and few people thought about it.  That would be a violation of the Blue Bar dating committee, they cannot declare a recession until most people are thinking about it.

The post relies the Schiller theory of maniacal  humans, which is hogwash. This theory gives carte blanche for economists to harass us with infinite punditry,  has no relationship to the science of economics.

This is also the theory of bogus expectations, the idea that we can be expected into a situation by harassment.

An NRA endorsement has negative value

NRA denies discussing 'special arrangements' with Trump in return for its support

Trump would be a fool to accept the NRA endorsement, then some NRA nut does the mass shooting in the months before the election.  That would be a disaster, especially in Texas and Florida.

I dunno what the small state repubs can do, they are sort of screwed, their only support coming from the NRA. The NRA has a real pipe sucking problem in the small states.  The small states are barely surviving with some having populations smaller than my hometown.

Send Napolitano back to law school

Did Trump Commit a Crime 

Fox News legal analyst Andrew Napolitano argues that Trump's July 25 telephone conversation with Zelenskiy could be construed as bribery: "When the president asks a foreign government—the head of a foreign government—to do something to help his campaign, when the president adds a condition to the receipt of foreign funds that Congress didn't add, and when that condition benefits the president's campaign and not American foreign policy, the president has arguably walked into the area of bribery."

The make shit up judge.

There is no evidence anywhere that  this was deliberately an election stunt.  Hunting corruption is the presidents duty.  Maybe Trump should have distanced himself because of conflict of interest, certainly.  But he still had a duty to press foreign leaders on American corruption, it is his job.

Napolitano is not a respected legal expert, and this is a simple case, he fucks this stuff up to get clicks.

Some smaller investment advisors think MMT is on the way

How to Solve the Public Pension Crisis

Harley Bassman, who blogs as the Convexity Maven, came to the same conclusion. Best known as the creator of the MOVE Index, the bond market’s analog to the VIX, the stock market’s measure of volatility, he oversaw numerous mortgage and derivative operations for Merrill Lynch along with posts at Credit Suisse and Pimco before retiring to manage what he calls a “hedge fund of one.” In his latest commentary, Bassman contends that “helicopter money” (to use former Fed Chairman Ben Bernanke’s channeling of Milton Friedman’s phrase) is apt to be dropped to stave off the next recession, as prescribed by modern monetary theory.
“MMT may arrive on the cat’s paws of infrastructure spending or the naked policy of Universal Basic Income”—the plan advocated by Andrew Yang, one of the presidential hopefuls in the back half of the Democratic pack. “But rest assured, as the undersaved baby boomer demographic reaches retirement age, there is no politically viable alternative to MMT. The average boomer will turn 65 in 2020, and this entire generation will reach legal retirement in 2029; massive fiscal expansion will occur within this window,” he concludes.

Not well known advocates.  The crowd is growing.

Most of the advocates do not read the history of us doing this in prior times. We sandboxers know how to make this time slightly better than last time. Not everyone understands the sandbox.

This is our future

President Donald Trump has signed a short-term spending bill that averts a government shutdown and extends current funding levels and programs through Nov. 21, according to a White House spokesperson.
The continuing resolution, H.R. 4378 (116), buys more time for bicameral negotiations on a dozen fiscal 2020 spending bills that would provide updated funding levels for 15 federal departments and dozens of smaller federal agencies.

The Swamp has reached its liquidity limit for the current monetary cycle. From now on i is deflation and continuing resolutions.

Mohummerdudes enslave African children

KADUNA, Nigeria (Reuters) - More than 300 boys and men, some as young as five and many in chains and bearing scars from beatings, have been rescued in a raid on a building that purported to be an Islamic school in northern Nigeria, police said on Friday.

African Americans might consider this fact before joining the Mohummerdudes.

Brexit in debate

Fucknutsville?

Today’s Deep Question From Politico: Is Impeachment “Just Another Day In F***Nutsville,” Or What?

The answer is, of course, yes — but mainly because every day over the last three years has been lived in F***nutsville. Politico founder John Harris laments the loss of seriousness in American politics, driven mainly by click-hungry media and grandstanding politicians. Thanks to a rush to impeachment talk even before establishing initial facts on Ukraine-Gate, Harris argues, what should be “news of unquestionable gravity” has now just become yet another kind of “fodder for the ideological and cultural wars.”

Rahm Emanuel coined the term. I like it.

A bit of the logical error, Beto

Beto Goes to Kent State, Argues Only the Government Can Be Trusted With Guns

I should have been more clear.  

The private sector manufactures guns, especially the guns used by government.  So, a complete ban on ownership is impossible, as the guns are first owned by the manufacturer.

The rule is, listen up Mr. Hogg, government, according to the Second amendment, can require dangerous guns be part of a militia command and control system.  Written right into the amendment,  NRA gun nuts are a bit illiterate.  Well regulated private militias can have guns, and Beto, look at your staff. Some of them are well regulated militia who provide you security, and the own the guns.

A CIA plot?

In the months leading up to a CIA whistleblower's hearsay complaint about President Trump's July 25 phone call with Ukrainian President Volodymyr Zelensky, the US intelligence community quietly eliminated a requirement that whistleblowers must provide first-hand knowledge of alleged wrongdoings, according to The Federalist's Sean Davis. 

The CIA shouldn't be that stupid, but who knows what the Swamp Gas does to folks back there.

Liquidity costs money

Steve Moore Blasts Fed for Creating 'Liquidity Crisis'

This guy seems a bit delusional.  

If Steve Moore does not like liquidity crisis, then Steve Moore has to advocate more taxes or less spending or MMT time.  He talks as if liquidity is free, like someone who never took physics for dummies.  MMT provides some relief, but it also generates direct inflation. So Steve Moore has to consider offsetting productivity gains.  All of this is way to much for Steve Moore's tiny brain.

Excess reserves start their move

Note the drop in excess reserves and the rise in Treasuries held?  This is QE in action.  It is an interest deduction for government via the seigniorage channel.

The effect is at the very end, the green line bending up, the blue/red bending down.  That adjustment likely provided some funding for the repo market, but the cost was a general reduction in rates, across the curve.

It cannot last. This is still a net transfer of liquidity to government from the private sector, crowding out.  We will enter the sub-2% growth regime, maybe the permanent doldrums. But it is a spiral, each time the Fed moves liquidity from private sector to public, tax income drops more, and government has to revisit the issue again.

Yuk Yuk

Well, Joe, Warren is now the designated nominee. Your sewage accumulates and you been emitting it for your entire career. Warren got no sewage, yet.  This election is all about dirt, it is not your election.

Peggy saqyds:

Biden Won’t Escape This Scandal

The young turks had an opportunity and were willing to trash Biden.  That is politics, I have no sympathy for Joe, he is just another Swamper.

California, all total, has about 100,000 homeless

And You, New York? 

The Empire State should follow California’s lead and support housing expansion.

California is hitting the rent control button.  California is trying to find spots for camptowns. LA wants sleeping on the street illegal.  Mayor Garcetti is willing to admit his sanctuary policy was an error.

And NIMBY is as strong as ever, Gavin has not made one single dent in the problem. Now California is in a desperate battle to revise prop 13 to pay for pensions.  California has complete fouled this up. You can blame two people, Gavin Newsom and Daryl Steinberg, the two people most responsible for the failed state, the third most bankrupt state and by far the largest bankruptcy in the union.

New York state has a more serious problem, taxpayers are fleeing like crazy, and you can blame DaBlowsio for that.

A box clicker for president

Column: Elizabeth Warren offers a Social Security reform plan that checks a lot of boxes

She is running around with the progressive talking points memo and creating a box click proposal for them all. Trump will call her the Pocahontas the box clicker, and otherwise journalists will attempt to add it all up (it won't add) and start asking her difficult questions that she cannot answer

Ezra Klein runs a fraudulant site

The timeline of Trump’s decision to withhold aid to Ukraine is increasingly suspicious

Trump ordered the aid held just ahead of a call with Ukraine’s president.

Standard procedure, the US president and state department apply this kind of leverage routinely. Nor is it all that unusal for presidents to with hold aid based on possible corruption. Nor is it unusual for DOJ lawyers to chase down retired politicians with a string of sewage floating around the Swamp.

Ezra Klein does not even know his site is a foul bias.

Our progressive economists have a history of shading the truth, give one half the story, talk demand ignore supply, pretend liquidity is free. Once the truth efects their clicks, they stop telling is. Mark Thoma actually has to carefully select posts such that his clickers to not get close to truth.

 The progressive deal with tender snowflakes, and kowtow for clicks, trashing the science of economists. Thank god for mathematicians to keep them in line.

Whoops once again

Alt-M is running a series of posts on Fannie and Freddie 

Despite the significance of DTI, the CFPB made Fannie and Freddie exempt from its post-crisis DTI limit, creating the loophole known as the "GSE patch” or "QM patch." Since the patch came into effect five years ago, lenders have dished out high-DTI mortgages at a rising pace, safe in the knowledge that Fannie and Freddie — by now in government "conservatorship" — would buy them. Sure enough, the GSEs obliged, so that — as the chart below listing Fannie and Freddie mortgage acquisitions shows — an increasing share of the loans they buy from lenders have been high-DTI loans.

 The Consumer Protection Bureau made an exemption for government backed mortgages that allow high debt to equity. Another one of Liz Warren's efforts to rig the financial system.

Thus, Freddie and Fannie have a down graded value, these loans are not marketable and if their is a crash, then once again, a bunch of poor people will lose their homes.  This is the wash, rinse and repeat cycle of Swampers.

Devin Nunes is a fake farmer with fake cows

Devin Nunes says House Democrats are seeking ‘nude pictures of Trump’

And Devin is known to be rather embarrassed about this and is likely to sue me. Devin Nunes is not too smart, actually.

Dianne has a lot of turds floating

Sen. Dianne Feinstein (D-Calif.) said after closed-door briefings with the acting director of national intelligence and the intelligence community inspector general that she wants a "word-for-word" transcript of President Trump's call with Ukrainian President Volodymyr Zelensky.
Feinstein, a member of the Senate Intelligence Committee and the top Democrat on the Judiciary Committee, said the whistleblower complaint tied to Trump "suggests that an 'official word-for-word transcript of the call' was produced."

Insider deals on rail companies that build CO2 polluting systems. 

Millennials want to note something here. Diane has never explained how and when her New Green Deal is going to refreeze all the ice they melted. No word on the CO2 polluting light rail system that are not used, like San Jose Light Rail.

Diane was supposed to  refreeze all that construction ice she melted, she is not, she never planned to refreeze it, and California environmentalism is a CO2 pollution racket. California environmentalists cause more pollution, never really reducer it.

No and no

Did Trump Commit a Crime by Seeking a Ukrainian Investigation of Joe Biden? And Does It Matter for Impeachment Purposes?

No, there was no election crime, just the supposition of a crime not yet completed.

No, it matters not ever since a bunch of stupid repubs impeached Bill for having sex.

Impeachment has become a political tool, and actually the Constitution allows that. We are already planning Warren's impeachment.

So, the correct answer is the Republican politicians are about as stupid as they come. They mass murder their children and make sex illegal for presidents.  Pretty fucking stupid?

We hardly noticed the refinery attack

US Oil & Gas Rigs Fall For Sixth Straight Week

Two things: the inevitable debt deflation and the power of drones to scare the shit out of our military.

This helped:"

Oil Plunges After Saudi Arabia Announces Yemen Ceasefire

But we got this result because our US military had no defenses for any military action. A patriot missile is ineffective against drones.

More drone stuff

Asian Times:

In fact the Pentagon is now investing in a prototype anti-drone “killer” system, and meanwhile other governments – notably Israel – are supporting companies that offer anti-drone systems.
The big bundle of questions is: Which of these, if any, work and, equally importantly, provide broad enough coverage – and are considered cost-effective and thus affordable and deployable?

Cost is a key issue because drones are proliferating far faster than are any countermeasures while available countermeasures are vastly more expensive than drones – which can be bought for $100 or even less.Drone threats
There are essentially three general types of drone threats. The first threat type comes from commercial drones, mainly Chinese units that can be easily modified by adding explosives as the payload. China has more than 80% of the commercial drone market (one Chinese company, DJI, has 70% of the global market in drones) and these drones are being snapped up by military agencies around the world, including the US Defense Department (which supposedly is prohibited from buying drones from China, but gets ‘waivers’ and buys them anyway). Every Middle Eastern bazaar (even toy store) is selling Chinese-made drones; it is likely the same is true in other parts of the world.
The second type of drone is a home built, with supplies coming from China and elsewhere. Home built drones with internal combustion engines can be larger than the Chinese electric commercial drones and can fly farther. Motors for these drones are bought in Europe and China, and most of the electronics come from China.

The engine, fuel tank and fuel lines of a captured ISIS-made drone. Photo: TASS

 I have RC plane looks just like this except it is electric. Made it from Dollar Tree foam and mail order electronics from China.

The constant desire of repubs to do oil deals in Saudi Arabia

George Washington Warned Us About Saudi Arabia

Yes, and Trump fell hook line and sinker, thanks to the snot nosed kid and Trump lack of education.

But the drones saved us. Our military suddenly realizes that their 4 trillion in air force and navy planes and ships are now worthless and we have no defense against drones. We have a problem, California is not paying for all that, now useless, crap.  What are we going to do?

The charges

From the Hill. 
They list the charges in bold, my comments in plain text.


The White House sought to hide details of Trump’s phone call
The cover up is worse than the crime.
Trump allies used leverage to get Ukraine to ‘play ball’
Using leverage in foreign policy is standard.
The White House has hidden the details of other phone calls
Hillary like crime switching servers
Officials were ‘deeply concerned’ by Giuliani’s activities
Personal emissaries are also standard.
Ukrainian officials knew U.S. aid could be in jeopardy
Yes they got the leverage part, it communicated well.

Note, the Hill did not mention and evidence of political gain. So we are left with a president using leverage with a foreign leader to hunt Biden turds.  Biden was VP and he laid a lot of turds, presidents go turd hunting in the course of their duties.  

Nothing sticks.  It is like the Steel Dossier, Trump generating mostly a fiction as Biden was already know for laying a massive turd in Ukraine and China. Unlike the Steele dossier, Trump got stopped before he could finish. The question is, were Biden's turds illegal?

Nothing here is worth a conviction, but simply having sex and lying about it gets an impeachment these days. Impeach away, likely the Dems get hurt, but the young turks in the party do not mind.

Open borders

Sweden Spinning out of Control

"Two areas that we [the Moderate Party] highly prioritize are law and order and integration. Because Sweden's biggest problems are there now.
"Last year, 306 shootings occurred and 45 people were shot dead. According to the police, the number of people killed has doubled since 2014. During the same period, the number of people who have been subjected to sexual abuse has tripled according to BRÅ [the Swedish Crime Prevention Council]...
"Concrete reforms are necessary. We have proposed them - the Social Democrats say no...
At the same time, we have an integration crisis: More than half of all the unemployed are born outside of Sweden. In our exclusion areas, [utanförskapsområden] there are schools where not even half of the students pass all subjects... Many children born in Sweden hardly speak Swedish, and there is extensive repression [in the name of] honor culture. Here too we have called for reforms, but the Social Democrats say no.
"Integration and immigration are connected. Therefore, a long-term and strict immigration policy is required. Temporary residence permits and requirements of financial self-sufficiency for family reunification should be the main rule.
"Requirements for knowledge of Swedish and financial self-sufficiency [should be conditions] for a permanent residence permit."

This puts to rest the hypothesis that Sweden immigration was about lonely Swedish women.  Instead, the problem are the result of women being very delusional about happy immigrants.

Think California. After the happy immigration we have cartels destroying the communities. People sleeping on sidewalks.  I think LA is learning something like, maybe inviting the world's poor to LA is not such a good idea.

Strikes are cheaper than layoffs

CHICAGO (Reuters) - Chicago teachers locked in protracted labor negotiations with the city have voted overwhelmingly to authorize their union to launch a strike against the third-largest U.S. public school district as soon as next month, the union said on Thursday.

And Mayor Lightfoot needs about 900 million to avoid more layoffs.

In a hurry

As attack drones multiply, Israeli firms develop defenses

Over a dozen Israeli firms presented cutting-edge anti-drone technologies at London’s DSEI exhibition this month, from defense heavyweights Elbit Systems, Raphael and Israel Aerospace Industries, to smaller start-ups like Vorpal. They are part of a booming global industry with competitors from the U.S., Europe, Singapore, and China.
Anti-drone defenses fall into several categories. Detection systems usually rely on either radio or optical technology to spot incoming drones.
Other systems can stop the aircraft with jammers that down aircraft by scrambling communications, kinetic systems that try to knock the craft out of the sky or systems that allow authorities to seize control of an aircraft.
But for now, none of these systems can provide full protection.
“It’s a nasty target. It’s a problem,” said Turniansky. “It’s going to be cat and mouse for a while.”

Kinetic system are needed, system that shoot buckshot work best.  Also, one needs to keep a surveillance drone in the sky.

Trump was never serious

UNITED NATIONS (AP) — Palestinian President Mahmoud Abbas took to the world stage on Thursday to slam the United States for “depriving the peace process of any credibility” and undermining prospects for a two-state solution to the decades-old Israeli-Palestinian conflict.
In a speech before the U.N. General Assembly, Abbas also criticized the U.S. for recognizing Jerusalem as Israel’s capital, for saying that Israeli settlements in the Palestinian territories are legitimate and for cutting development aid to the Palestinians.

The whole plot was about the snot nosed kid making hotel deals.

Where did Trump state his personal gain?

I read the whistle blower report, and the conclusion was the President Trump has a desire to hunt for Biden turds, and Biden left a lot of turds floating in the Swamp.

Trump's personal gain would be to get Biden dumped so he could run against Pocahontas. But Trump never said that, and Biden is a gonner because the impeachment process shines lights on turds.

But wait, you say. 'Trump is using foreign policy to hunt turds!'   So, he is the president and turd hunting is a reasonable activity for presidents. We have an entire army of Swamp Turd hunters working for DOJ.

What other foreign policy would you have a Swamp President do? Most foreign policies either send us to the poor house are result in million of dead.  My opinion is corrupt hotel sales and turd hunting are a much safer foreign policy then risk that some cowboy nut starts wars. And this:

A Damning Report of a White House Coverup on Ukraine

Trump had no reason to cover it up. He is the president of the US investigating Biden turds, perfectly legal. The cover up was a really bad idea.

I have a better conspiracy theory

Democrats Reveal The Real Purpose Of The Impeachment Investigation

The new young socialists do not like Biden. They would rather wait four years and get the candidate they want, and I am not sure Liz is their candidate.

Liz has no plans to MMT and her wealth tax gets little in return.  Instead, she is sticking the young voters with something like a 4% tax on income just to pay interest on the federal debt, and she will say, 'Uncle fix it later'.  Add her $500/month tax for Medicare for All.  The young kids cannot and will not pay for that stuff. Liz will not get away with it,  AOC should be onto that scam, but if AOC is too dense, one of the other tent ladies might figure it out,

You lost that demographic, Liz

Elizabeth Warren Still Won’t Admit Her Health Plan Would Raise Taxes On The Middle Class

I have news, we have about 20 million families that got burned badly on Obamacare taxes and they will never believe another progressive on health care. 

You lost the demographic when Krugman and pals begin shading the data, then suddenly these middle class families are hit with a $500 tax, monthly, and much more for some. In fact, Liz, look round. Obamacare cost your party four elections and you pull the same crap?  This demographic will not vote for you.

When the repubs impeached Bill for having sex?

Rubio: The term 'impeachable offense' has 'lost all meaning'

Rubio needs to collect some history before that kid open his mouth.

Failed staters do not like failed state

Harris is running a distant fourth in the Democratic presidential race in California, behind surging front-runner Sen. Elizabeth Warren of Massachusetts, former Vice President Joe Biden and Vermont independent Sen. Bernie Sanders, according to a Berkeley IGS Poll released this week.

Calizuelans really do not want to live in a murderous, cartel ruled failed state. They just have a hard time figuring stuff out.

Sandboxers in the dollar bond market

Flash Boys at Jump Trading Set Their Sights on the Credit Market

As recently as two weeks ago, Jump executives reached out to an electronic bond-trading system to ask for data on average trade size and liquidity as it evaluates its move to become a market-maker, according to two of the people. Jump has been considering its move into bonds for several months, one person said.
Boyer is expected to join Jump in early 2020, the person said.
Advances in machine learning, data management and the continued adoption of electronic trading in the corporate bond market are making it easier to sift huge amounts of information that in some cases is allowing firms to derive prices using software instead of traders. That means firms like Jump, which has invested heavily to become one of the fastest traders on the planet, can now envision entering a market that for decades was ruled by banks and conducted by telephone.

These folks are auto pricing, likely using the optimum queue matching algorithm, the one described to the right, somewhere,  on this blog.  They are dominant, a sudden big players, making billions. I missed my chance, darn.  The revolution is ongoing, being implemented and becoming active.

Why is there no inflation?

Adam Ozimek asks the question:

Trade uncertainty is important, and is holding back the economy, but it cannot explain why inflation has remained below target and the economic recovery remains incomplete after so long.

Try talking to an economist, Adam, the economist is supposed to have an answer. 

The mathematician will tell you that an accurate double entry accounting system is price neutral over the complete cycle. The issue is what is the complete cycle? Well, about 85% of the spectrum is probably one generation and their periodic eight year recessions. So, we should be headed for a hundred years or so of a half point deflation.

Good luck, talk to an economist about howto do fiscal policy in a deflation. The mathematician will tell you to either reform all the inflation adjustments and fixed price contracts, or simply do a Nixon style default.  No mathematician will tell you that this time is different.

Climate change

California is going through are cold spell this season as we gear up for another winter migration of the polar vortex, now a seasonal occurrence.

Business health insurance has competitor

Read the employment reports for the past ten years.  Health workers are in demand and remain in demand.  Government is raising the cost of private health insurance, with taxes then competition. 

Government buys all medical services at market cost without searching.  That is a recipe for continual price hikes, and this is not inflation, this is a government government monopoly making the system more inefficient.

Strikes are cheaper than mass layoffs

GM reverses course, says strikers will keep health coverage

The car industry is at the bottom of its cycle, not the best time to strike.

The Fed is a socialist central banker

Nationalizing the Federal Funds Market

New York | Last week's volatility in the market for fed funds gave a lot of equity managers an opportunity to brush up on their understanding of the workings of the short-term money markets. The Fed of New York was forced to offer cash to the Street in the form of forward repurchase agreements all week. These activities are likely to continue.

R. Christopher Whalen is a bit confusing. He claims the Fed is nationalizing the overnight market. But, the Fed is socialist currency banker. Socialist currency issuance has not been farmed out, it always ultimately comes back to the Fed.

So, if we want to keep the Fed out of the overnight market then try a non socialist currency banker, go talk to Zuck about libra. But we have to at least recognize the central banking is monopoly socialism in the current theory. Thus the socialist will act as market maker for anyone using dollars in overnight loans, that is the definition of central banking.

Why not an application interface running under SecureID?

With New Exchange Features, Wallets Aren’t Just for Storing Bitcoin Anymore

After four or five yeas the industry is still making proprietary wallets, so none of the wallets can trade with each other.  Pretend you are swapping a five dollar digital bill with someone having a different wallet. How would a universal application interface solve that?

The answer is either all the wallet vendors agree on some simple application interface ideas, or they all wait for Tim Cook to make AppleID programmable. But having a bunch of kids, each one assuming they will dominate the wallet market? Doesn't work.

My favorite leftward socialist

Alexandria Ocasio-Cortez’s unusual plan to make jobs better, explained

Rep. Alexandria Ocasio-Cortez (D-NY) wants companies to be “friendlier” to their employees. And she wants the federal government to reward companies for it.
The New York representative introduced a series of bills Wednesday aimed at creating what she calls a “just society.” That includes bills to update the federal poverty line, expand tenants’ rights, and to extend federal programs to all immigrants and former prisoners.
She also wants to make sure all taxpayer-funded government contracts go to businesses that treat their workers well. It’s called the Uplift Our Workers Act.
The bill would require the federal Office of Contract Compliance to create a scoring system that ranks businesses based on “worker friendliness.” Companies with the most worker-friendly policies would get the highest score, which in turn would give them an advantage in winning a lucrative government contract.

She seems to be a bit lost.

Now that fighter jets are obsolete

Lockheed to begin supplying F-16 wings from Indian plant in 2020

Lockheed is bidding for a contract, estimated at more than $15 billion, to supply the Indian Air Force with 114 combat planes and has offered to shift its F-16 production line from the United States to India. It plans to build an upgraded version of the aircraft which it calls F-21.
Indian Prime Minister Narendra Modi’s government is pushing a Make-in-India program under which it wants global firms, including in the defense sector, to set up manufacturing centers in India to build a domestic industrial base and create jobs.
Vivek Lall, vice president of Strategy and Business Development for Lockheed Martin Aeronautics, said the wings of all future F-16s that the company will sell worldwide will be produced in a joint venture with India’s Tata Advanced Systems in the southern city of Hyderabad.

Meanwhile, Lockheed is in a rush to develop defense drones. I been there, I know what orders came from the Pentagon.

More Biden turds

Solomon: These once-secret memos cast doubt on Joe Biden's Ukraine story

They will keep floating up.  Trump, whatever he did, he certainly ended Biden's presidential run.

Here is another:

Joe Biden’s brother told executives at a healthcare firm that the former vice president’s cancer initiative would promote their business, according to a participant in the conversation, who said the promise came as part of a pitch on behalf of potential investors in the firm.
The allegation is the latest of many times Biden’s relatives have invoked the former vice president and his political clout to further their private business dealings. It is the first that involves the Biden Cancer Initiative, a project Joe Biden made the centerpiece of his post-White House life following the death of his son Beau.

Anyone who has been there for a while start pooping little turds, it cannot be helped.  We think it is the Swamp Gas. 

A 2,000 dollar drone can destroy a patriot radar dish

US To Deploy 200 Troops, Patriot Missile System To Saudi Arabia; Oil Jumps

The Department of Defense has finally revealed some of the details of Trump's grand deployment or appearance of doing something without doing much and response to the Sept. 14 Saudi Aramco attacks which the administration blamed on Iran. The Pentagon is set to send 200 personnel and missile defense equipment to Saudi Arabia, specifically a total of one Patriot missile and its support personnel, which further includes Sentinel radars meant to detect any incoming attack, according to a Thursday announcement.
The news was a sufficient catalyst to spike the price of brent crude, which rapidly moved into the green upon news of the Pentagon announcement, after trading in the red all day.

The Yemeni rebels have already show their capability to destroy Patriot radar.  But then again, the Yemeni rebels may just let the radar dish stand and the army can pay 3 million per 2,000 dollar drone shot down. Or the drone can fly low, below the radar horizon.

Right now our military is stunned, they have not figured out a response.  They need to develop swarming defense drones, much better than patriot missiles.