You likely don’t gauge your economic future with economic charts, indicators, and theories. You don’t watch CNBC or Fox Business programs. You sit down at the kitchen table, go over the monthly bills, and see reality – there are forces at work driving prices up. So, when you heard Kamala Harris talk about “price controls” what did you think?
If on the Left and a Progressive, you might agree with the fiery rhetoric of politicians Kamala Harris, AOC, Liz Warren, et al. pronouncing corporations and grocers as “price gouging greedy bastards” and that they need to be controlled. You would be OK with government intervention.
If on the Right and a conservative, then you would balk at “price controls” talk. You want the government to be hands off knowing that when government gets involved a great imbalance is thrown into the market. You understand that politicians do not know how to solve inflation. They just create more problems with their fixes’, including price fixing and price freezing.
Sometimes it seems as if there are more solutions than problems. On closer scrutiny, it turns out that many of today’s problems are a result of yesterday’s solutions. – Thomas Sowell
It’s bad enough (terrible, really) that the U.S. Treasury and the Fed mess with the economy, making the rich richer, the rest of us poorer, and throwing our future up in the air with their ‘adjustments’.
Remember the 2007-2008 financial crisis. The Fed created the real estate bubble. By lowering interest rates to record lows it drove a huge increase in home prices as many jumped on board the balloon ride.
The home lending market “financialized” high-risk subprime mortgages to low-income homebuyers. Wall Street firms became heavily involved in collateral debt obligations (CDOs) and mortgage-backed securities (MBSs).
The housing boom in the early to mid-2000s became extremely unstable as interest rates increased on ARMs and housing prices began to fall. Many subprime borrowers began to default on their payments. As a result, financial institutions worldwide suffered severe damage. There was an international banking crisis. On September 15, 2008 the Wall Street brokerage firm Lehman Brothers sought Chapter 11 bankruptcy protection.
The subprime mortgage crisis devastated financial markets and contributed to the biggest economic downturn since the Great Depression. Read or see The Big Short for a sense of that economic disaster.
It’s not just the economic czars of the U.S. Treasury and Fed that screw things up. Congress not long ago passed spending bills with the Orwellian names “Cares Act” and “Inflation Reduction Act.” Both Acts have added to a massive deficit that is financed by the Fed’s creation of new money which increases the money supply and ergo inflation, the “price gouging” culprit that “price controls” would only exacerbate because nothing happens in isolation.
We don’t have inflation because the people are living too well. We have inflation because the government is living too well. -Ronald Reagan, during the 1980 presidential debate with Jimmy Carter.
Talk of “price controls” is nothing more than government avoiding accountability for its lack of spending control and its disruptive fiscal policies. And when you don’t understand that the seemingly complex and multitudinous causes of inflation boil down to too much money chasing too few goods and you are insulated from consequences, you continue the “price controls” rhetoric. You go on picking winners and losers.
Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more. – Thomas Sowell
I raise the “price controls” issue as a way to raise awareness as to how our lives, our monthly bills, are influenced by outside forces and to address an ominous scenario on the horizon: a dictated, regimented, and authoritarian economy is in the works to “price control” us into place.
Wherever you are on the spectrum of “price controls” – hearing what you want to hear or hearing alarm bells – be aware that The Great Reset’s Globalist policies are a monolithic version of Kamala’s “price controls.” They encompass not just how businesses do business (who to employ, for how much, social and environmental impact, etc.) but what is to be valued – by everyone.
Simply put, our ‘betters’ will determine who does what and why. They will “price control” our lives with their values. That Kamala mentioned “price controls” shows that she was signaling Big Brother intimidation – pressure on specific industries against specific price increases. This same bullying will be exponentially greater under The Great Reset globalist ‘economy’.
Under The Great Reset, we will be made to swallow an alphabet soup of “price control” values and the institutions producing them, including DEI, CRT, ESG, LGBTQ by the UN, WEF, and WHO.
We will be told to value safetyism and therefore to prioritize world health at all costs to our individual liberty, national sovereignty, common sense, and actual science. We will be made to value One Health.
Who can forget the COVID madness? Lockdowns, closed schools and churches, forced vaccines, families separated, businesses destroyed. All the COVID mandates were price controls. Government mandated value.
The World Health Organization is scrambling to push a “Pandemic Agreement (Treaty)” – a global health control agenda that will override U.S. sovereignty. The WHO wants unprecedented power to declare “health emergencies” whenever they choose. And that could mean forced vaccines, lockdowns, and sweeping mandates—all justified under the guise of a so-called “emergency” of whatever nature.
The WHO Pandemic Treaty would give these Global Elites the power to:
-Globally authorize untested vaccines and pandemic products, pressuring governments to purchase and enforce their use on you, your family, and your friends.
-Dictate when and where you can travel, what you can eat, whether you can gather for worship, and even what you’re allowed to say online.
-Strip away your country’s ability to decide how to respond to future health crises, putting these decisions into the hands of WHO bureaucrats who do not represent you.
Again, if you are on the Left, recent history shows that you were OK with Big Brother forcing people to wear masks, social distance, and be vaccinated. And, if people didn’t obey, you were OK with people losing their jobs, businesses being fined and shuttered, and the COVID-positive being sent off to quarantine camps.
People were to be isolated, given only food and some cleaning supplies. They would be banned from participating in any religious services. The plan included contingencies for preventing suicide. There were no provisions made for any legal appeals or even the right to legal counsel.
If you are on the Left, you believe in forced degrowth because of a “climate crisis.” You follow “the science” wherever it goes. You believe in censorship, and everything else that “price controls” people. A Karen on the Left ‘price controlled’ the life of Peanut the squirrel.
If you are on the Left, you are OK with the Globalist agenda of the UN, WEF, and the WHO. You are OK with tyranny being priced in to all you do.
If you are not on the Left and are an independent critical thinker and have expanded your personal bandwidth to include history, you are aware that there are those who, in the bubble of their superior intellectual, moral and humanitarian enlightenment, see themselves in a superior position to make choices for you and me. If they can elevate choices to an existential level (pandemic, climate, etc.) then they believe they have a right to do so. Tyranny will be priced in.
Will the Fed convert the U.S. Dollar to Central Bank Digital Currency (CBDC)? If so, it would be only a matter of time before CBDCs are linked to a global database controlled by the UN, IMF, the WHO, or God forbid, the WEF.
I write this to warn Christians about what is ahead. Stop looking for Signs of the End Times in the Mideast. Forget the “Rapture” and “Left Behind” fantasies. Get prepared for the onslaught of “price controls.” Christians will be put under immense pressure to conform to the imposed values. Know what you will do when that happens. And get prepared for the Lord’s return. “Stay alert. You have no idea when the Lord might arrive. (Matt. 25: 1-13)
~~~~~
Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated. – Thomas Sowell
If politicians stopped meddling with things they don’t understand, there would be a more drastic reduction in the size of government than anyone in either party advocates. – Thomas Sowell
No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk. What do the poor most need? They need to stop being poor. And how can that be done, on a mass scale, except by an economy that creates vastly more wealth? Yet the political left has long had a remarkable lack of interest in how wealth is created. As far as they are concerned, wealth exists somehow and the only interesting question is how to redistribute it. – Thomas Sowell
The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive. – Thomas Sowell
It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong. – Thomas Sowell
~~~~~
American Citizenship and Its Decline: The Global Elite
On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss how much the COVID Pandemic changed their understanding of government overreach before introducing Dr. Victor Davis Hanson.
Citizenship is rare in human history but essential to free government. Today, the constitutional rule of citizens in America is threatened by a new form of government, unaccountable to the people, in which power is held by a ruling class that seeks to transform our society. In this eight-lecture course, students will examine the origins and history of citizenship in the West and the grave challenges American citizenship faces today.
There is a growing movement to surrender American sovereignty to international bodies. This effort—championed by a global elite—excludes the participation of the American people and threatens our national security.
Topics include the globalists, the Great Reset, the WHO and WEF
American Citizenship and Its Decline: The Global Elite
Trump picked Robert F. Kennedy Jr. as secretary of the Department of Health and Human Services. Hopefully he can get rid of the “price control” lobbyists who have shilled their unhealthy junk to Congress and the American people. MAHA.
“We have entered, as I see it, a spiritual limbo. Our educational institutions are no longer the bearers of high culture, and public life has been deliberately moronised. But here and there, sheltered from the noise and glare of the media, the old spiritual forces are at work” Roger Scruton
*****
“When a common culture declines, the ethical life can be sustained and renewed only by a work of the imagination.”-Roger Scruton
*****
“Jesus prayed, “This is eternal life, that they may know You . . .” (John 17:3). The real meaning of eternal life is a life that can face anything it has to face without wavering. If we will take this view, life will become one great romance— a glorious opportunity of seeing wonderful things all the time. God is disciplining us to get us into this central place of power.” Oswald Chambers
*****
“No power on earth or in hell can conquer the Spirit of God in a human spirit, it is an inner unconquerableness.” Oswald Chambers
*****
To those who have had no agony Jesus says, “I have nothing for you; stand on your own feet, square your own shoulders. I have come for the man who knows he has a bigger handful than he can cope with, who knows there are forces he cannot touch; I will do everything for him if he will let Me. Only let a man grant he needs it, and I will do it for him.” The Shadow of an Agony,Oswald Chambers
*****
“If we wish to erect new structures, we must have a definite knowledge of the old foundations.” John Calvin Coolidge
*****
Atheism is a post-Christian phenomenon.
*****
If social justice looks like your hand in someone else’s pocket then you are stealing.
*****
“In Sweden, giving to charity, absurdly, came to be considered a lack of solidarity, since it undermined the need for the welfare state.” – Roland Martinsson
*****
“…to love democracy well, it is necessary to love it moderately.” Alexis de Tocqueville
*****
Capitalism seeks to help others through a servce or product it provides. Free Market Capitalism is the most moral and fair economic system available to man. Capitalism augments personal growth, responsibility and ownership. Charity flourishes under capitalism. Charity dies under subjective “fair share” government confiscatory policies. Socialism redistributes ambivalence and greed.
*****
“We are to regard existence as a raid or great adventure; it is to be judged, therefore, not by what calamities it encounters, but by what flag it follows and what high town it assaults. The most dangerous thing in the world is to be alive; one is always in danger of one’s life. But anyone who shrinks from that is a traitor to the great scheme and experiment of being.” G.K. Chesterton
*****
Any intelligent fool can make things bigger, more complex, and more violent.
It takes a touch of genius – and a lot of courage – to move in the opposite direction. Albert Einstein
*****
“You shall know the truth and the truth shall make you odd.” Flannery O’Connor
*****
“There is but one good; that is God. Everything else is good when it looks to Him and bad when it turns from Him.” C.S. Lewis, The Great Divorce
*****
“Though He slay me, yet will I trust Him” (Job 13:15).
*****
God’s grace is not about the allowance for sin. God’s grace is about the conversation God allows regarding sin.
*****
From the book of Proverbs: We are not to favor the rich or the poor. We are to pursue justice.
*****
“Always keep in contact with those books and those people that enlarge your horizon and make it possible for you to stretch yourself mentally.” Oswald Chambers
*****
One goldfish says to another, “If there is no God who keeps changing the water?”
*****
“The truth is always there in the morning.”
From Cat On A Hot Tin Roof script – playwright Tennessee Williams
*****
God blesses those who hunger and thirst for justice, for they will be satisfied.
*****
“America’s greatness has been the greatness of a free people who shared certain moral commitments. Freedom without moral commitment is aimless and promptly self-destructive.” John W. Gardner
**
“Men of integrity, by their very existence, rekindle the belief that as a people we can live above the level of moral squalor. We need that belief; a cynical community is a corrupt community.” John W. Gardner
*****
“In the world it is called Tolerance, but in hell it is called Despair, the sin that believes in nothing, cares for nothing, seeks to know nothing, interferes with nothing, enjoys nothing, hates nothing, finds purpose in nothing, lives for nothing, and remains alive because there is nothing for which it will die.” Dorothy L. Sayers
*****
“Art, like morality, consists of drawing the line somewhere.”
G. K. Chesterton
*****
“The battle line between good and evil runs through the heart of every man.” Alexander Solzhenitsyn
*****
This is what the LORD says:
“Stand at the crossroads and look;
ask for the ancient paths,
ask where the good way is, and walk in it,
and you will find rest for your souls.
But you said, ‘We will not walk in it.’
-The prophet Jeremiah, 6:16
*****
“…our common task is not so much discovering a truth hiding among contrary viewpoints as it is coming to possess a selfhood that no longer evades and eludes the truth with which it is importunately confronted.” James McClendon, Ethics: Systematic Theology, Vol. 1
*****
Tyranny Priced In?
November 17, 2024 Leave a comment
You likely don’t gauge your economic future with economic charts, indicators, and theories. You don’t watch CNBC or Fox Business programs. You sit down at the kitchen table, go over the monthly bills, and see reality – there are forces at work driving prices up. So, when you heard Kamala Harris talk about “price controls” what did you think?
If on the Left and a Progressive, you might agree with the fiery rhetoric of politicians Kamala Harris, AOC, Liz Warren, et al. pronouncing corporations and grocers as “price gouging greedy bastards” and that they need to be controlled. You would be OK with government intervention.
If on the Right and a conservative, then you would balk at “price controls” talk. You want the government to be hands off knowing that when government gets involved a great imbalance is thrown into the market. You understand that politicians do not know how to solve inflation. They just create more problems with their fixes’, including price fixing and price freezing.
It’s bad enough (terrible, really) that the U.S. Treasury and the Fed mess with the economy, making the rich richer, the rest of us poorer, and throwing our future up in the air with their ‘adjustments’.
Remember the 2007-2008 financial crisis. The Fed created the real estate bubble. By lowering interest rates to record lows it drove a huge increase in home prices as many jumped on board the balloon ride.
The home lending market “financialized” high-risk subprime mortgages to low-income homebuyers. Wall Street firms became heavily involved in collateral debt obligations (CDOs) and mortgage-backed securities (MBSs).
The housing boom in the early to mid-2000s became extremely unstable as interest rates increased on ARMs and housing prices began to fall. Many subprime borrowers began to default on their payments. As a result, financial institutions worldwide suffered severe damage. There was an international banking crisis. On September 15, 2008 the Wall Street brokerage firm Lehman Brothers sought Chapter 11 bankruptcy protection.
The subprime mortgage crisis devastated financial markets and contributed to the biggest economic downturn since the Great Depression. Read or see The Big Short for a sense of that economic disaster.
It’s not just the economic czars of the U.S. Treasury and Fed that screw things up. Congress not long ago passed spending bills with the Orwellian names “Cares Act” and “Inflation Reduction Act.” Both Acts have added to a massive deficit that is financed by the Fed’s creation of new money which increases the money supply and ergo inflation, the “price gouging” culprit that “price controls” would only exacerbate because nothing happens in isolation.
Talk of “price controls” is nothing more than government avoiding accountability for its lack of spending control and its disruptive fiscal policies. And when you don’t understand that the seemingly complex and multitudinous causes of inflation boil down to too much money chasing too few goods and you are insulated from consequences, you continue the “price controls” rhetoric. You go on picking winners and losers.
I raise the “price controls” issue as a way to raise awareness as to how our lives, our monthly bills, are influenced by outside forces and to address an ominous scenario on the horizon: a dictated, regimented, and authoritarian economy is in the works to “price control” us into place.
Wherever you are on the spectrum of “price controls” – hearing what you want to hear or hearing alarm bells – be aware that The Great Reset’s Globalist policies are a monolithic version of Kamala’s “price controls.” They encompass not just how businesses do business (who to employ, for how much, social and environmental impact, etc.) but what is to be valued – by everyone.
Simply put, our ‘betters’ will determine who does what and why. They will “price control” our lives with their values. That Kamala mentioned “price controls” shows that she was signaling Big Brother intimidation – pressure on specific industries against specific price increases. This same bullying will be exponentially greater under The Great Reset globalist ‘economy’.
Under The Great Reset, we will be made to swallow an alphabet soup of “price control” values and the institutions producing them, including DEI, CRT, ESG, LGBTQ by the UN, WEF, and WHO.
We will be told to value safetyism and therefore to prioritize world health at all costs to our individual liberty, national sovereignty, common sense, and actual science. We will be made to value One Health.
Who can forget the COVID madness? Lockdowns, closed schools and churches, forced vaccines, families separated, businesses destroyed. All the COVID mandates were price controls. Government mandated value.
The World Health Organization is scrambling to push a “Pandemic Agreement (Treaty)” – a global health control agenda that will override U.S. sovereignty. The WHO wants unprecedented power to declare “health emergencies” whenever they choose. And that could mean forced vaccines, lockdowns, and sweeping mandates—all justified under the guise of a so-called “emergency” of whatever nature.
The WHO Pandemic Treaty would give these Global Elites the power to:
-Globally authorize untested vaccines and pandemic products, pressuring governments to purchase and enforce their use on you, your family, and your friends.
-Dictate when and where you can travel, what you can eat, whether you can gather for worship, and even what you’re allowed to say online.
-Strip away your country’s ability to decide how to respond to future health crises, putting these decisions into the hands of WHO bureaucrats who do not represent you.
Again, if you are on the Left, recent history shows that you were OK with Big Brother forcing people to wear masks, social distance, and be vaccinated. And, if people didn’t obey, you were OK with people losing their jobs, businesses being fined and shuttered, and the COVID-positive being sent off to quarantine camps.
People were to be isolated, given only food and some cleaning supplies. They would be banned from participating in any religious services. The plan included contingencies for preventing suicide. There were no provisions made for any legal appeals or even the right to legal counsel.
The CDC Planned Quarantine Camps Nationwide ⋆ Brownstone Institute
Interim Operational Considerations for Implementing the Shielding Approach to Prevent COVID-19 Infections in Humanitarian Settings | CDC
If you are on the Left, you believe in forced degrowth because of a “climate crisis.” You follow “the science” wherever it goes. You believe in censorship, and everything else that “price controls” people. A Karen on the Left ‘price controlled’ the life of Peanut the squirrel.
If you are on the Left, you are OK with the Globalist agenda of the UN, WEF, and the WHO. You are OK with tyranny being priced in to all you do.
If you are not on the Left and are an independent critical thinker and have expanded your personal bandwidth to include history, you are aware that there are those who, in the bubble of their superior intellectual, moral and humanitarian enlightenment, see themselves in a superior position to make choices for you and me. If they can elevate choices to an existential level (pandemic, climate, etc.) then they believe they have a right to do so. Tyranny will be priced in.
Will the Fed convert the U.S. Dollar to Central Bank Digital Currency (CBDC)? If so, it would be only a matter of time before CBDCs are linked to a global database controlled by the UN, IMF, the WHO, or God forbid, the WEF.
I write this to warn Christians about what is ahead. Stop looking for Signs of the End Times in the Mideast. Forget the “Rapture” and “Left Behind” fantasies. Get prepared for the onslaught of “price controls.” Christians will be put under immense pressure to conform to the imposed values. Know what you will do when that happens. And get prepared for the Lord’s return. “Stay alert. You have no idea when the Lord might arrive. (Matt. 25: 1-13)
~~~~~
Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated. – Thomas Sowell
If politicians stopped meddling with things they don’t understand, there would be a more drastic reduction in the size of government than anyone in either party advocates. – Thomas Sowell
No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk. What do the poor most need? They need to stop being poor. And how can that be done, on a mass scale, except by an economy that creates vastly more wealth? Yet the political left has long had a remarkable lack of interest in how wealth is created. As far as they are concerned, wealth exists somehow and the only interesting question is how to redistribute it. – Thomas Sowell
The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive. – Thomas Sowell
It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong. – Thomas Sowell
~~~~~
American Citizenship and Its Decline: The Global Elite
On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss how much the COVID Pandemic changed their understanding of government overreach before introducing Dr. Victor Davis Hanson.
Citizenship is rare in human history but essential to free government. Today, the constitutional rule of citizens in America is threatened by a new form of government, unaccountable to the people, in which power is held by a ruling class that seeks to transform our society. In this eight-lecture course, students will examine the origins and history of citizenship in the West and the grave challenges American citizenship faces today.
There is a growing movement to surrender American sovereignty to international bodies. This effort—championed by a global elite—excludes the participation of the American people and threatens our national security.
Topics include the globalists, the Great Reset, the WHO and WEF
Hillsdale College: American Citizenship and Its Decline: The Global Elite
~~~~~
~~~~~
Trump picked Robert F. Kennedy Jr. as secretary of the Department of Health and Human Services. Hopefully he can get rid of the “price control” lobbyists who have shilled their unhealthy junk to Congress and the American people. MAHA.
Trump pick is Al Gore’s worst nightmare.
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Filed under 2024 Current Events, Economics, Globalism, Political Commentary, Politics, social engineering, The Great Reset, totalitarianism Tagged with CBDC, Economics, economy, finance, Globalism, inflation, politics, price controls, the Fed, The Great Reset, WEF, WHO