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Monday, October 4, 2021

Most consumers say Biden a disaster for economy

 

 

Poor Man Survival

Self Reliance tools for independent minded people…

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ISSN 2161-5543

A Digest of Urban Survival Resources


 


 Fight over the debt ceiling is farcical, but…End of the World as We Know it Soon?

Editors NOTE:

I wanted to share with you some recent polling from Rasmussen that shows how out-of-touch Democrats are with their radical tax-and-spend bills. Take a look at some key findings:

  • 77% of voters expect Biden’s spending plans will include "inappropriate" provisions inserted by lobbyists. The Swamp at work!
  • Just 19% of voters approve providing tax credits of up to $50,000 for print and online journalists. Yes, that’s in the proposal, if you can believe it!
  • Just 18% of voters favor requiring banks to notify the IRS of every transaction of $600 or more made by every American. Big Brother is watching!  

And my personal favorite: 76% of voters think it is likely that consumers will end up paying higher prices if the corporate tax rate is raised. This is despite Jen Psaki this week claiming that it is “unfair and absurd” that companies would increase costs for consumers in response to being taxed more.

 

Once again, we are seeing the results of a standoff regarding raising the federal debt limit. We've seen it in 1985, 1995, 2002, 2003, 2011, 2013, 2014 and 2015... and around 70 other times before that. The House of Representatives already voted to pass a continuing resolution to fund the government through Dec. 3 and raise the $28 trillion debt ceiling. Will it pass the Senate?

Almost certainly... yet as we move toward a business-as-usual finish to the phony debt-ceiling drama playing out in Washington, history will record that no one — not even the supposedly conservative members of Congress — ever got around to talking about spending cuts. Isn't that weird?

All we got was the breathless warning from Treasury Secretary Janet Yellen: "In a matter of days, millions of Americans could be strapped for cash. Nearly 50 million seniors could stop receiving Social Security checks for a time. Troops could go unpaid. Millions of families who rely on the monthly child tax credit could see delays."

She said this in all seriousness, without an iota of care that the real horror is that 100 million Americans rely on handouts from the government for their income.

During the Obama years — and in many of the years prior — the debt ceiling was used as a political tool by one party or the other to extract concessions on spending or taxes and to agitate class warfare. Chuck Schumer and company are trying a similar tactic this year…

If the government can't borrow more money and there's a shutdown after Dec. 3rd, "essential" government services — payments to Congress members, military operations (though not always military paychecks), etc. — continue. But things like park access are restricted and Social Security checks are delayed; anything that can make the American public feel pain. It makes for good theater even if it is bad governance.

Most people would say it is irresponsible to give a spendthrift, debit-ridden individual a credit increase. Why then is it responsible to give an irresponsible spendthrift government an increase in borrowing authority?"

Paying it off

Some supposedly smart folks out there are again raising the question, as they did in 2013, "Why don't we mint some $1 trillion coins?"

Dear reader, the Treasury does not have the authority to do this. It would be counterfeiting. Let me quote you from a recent AIER article: "...the Secretary of the Treasury is only authorized to issue bullion or proof platinum coins. As their name implies, bullion coins are not like the fiat or fiduciary coins ... The market value of the metal in a fiduciary coin is worth less, sometimes much less, than the coin's face (legal) value. That's so nobody has an incentive to melt it down.

"The market value of the metal in a bullion coin, by contrast, is worth more, often far more, than the coin's face value. The American Platinum Eagle, for example, is stamped $100 but because the coin contains 1 troy ounce of platinum nobody in their right mind would pay off a $100 debt with it. Instead, they would sell it for about $1,000 in Federal Reserve Notes, give or take ... For the Treasury to lawfully strike a $1 trillion bullion or proof coin, it would have to buy at least $1 trillion worth of platinum."



In any case, the Biden administration is not entertaining such an illegal scam. Instead, the usual scammers will do the usual thing, and after a few days of grandstanding by politicians and caterwauling by the mainstream media, Congress will do its "bold work" and vote to raise the borrowing limit. Just like it did in 2011, when House Weeper John Boehner (R-Ohio) went before Wall Street's Economic Club to assure the nervous nellies on Wail Street that Republicans would agree to raise the debt ceiling while keeping up the fa├žade that Republicans care about cutting government spending.

It's hardly ever been true. How else would you explain that fact that, over the next few months, the CBO estimates the Treasury Department expects to collect only $1 in tax revenue for every $2 it is bound by law to spend?

The trouble is that we hear the word "debt" and we try to apply the conventional definition of debt as a legitimate accounting concept. It cannot be done as it refers to the so-called national debt because the nation's debt is created out of thin air or on government computers. It is fiat.

The terms "debt" and "fiat" are incompatible. Fiat, by definition, is default; but debt implies repayment. Yet the most learned writers I read actually believe there is a U.S. government "debt," and they repeat it over and over.

During these "debt crises," the media likes to trot out figures claiming to show how much each household owes on the U.S. debt. Isn't that clever? The media would have you believe that you are responsible for the trillions of dollars of debt that you did not rack up, had no say in creating and, in fact, represents money that was stolen from you.

I can easily see why the government cabal wants the people to believe that there is government debt. Otherwise, people might get wind of the truth, that money in America isn't created by the U.S. government. Rather, it's created out of thin air by the banks through accounting entries! They might discover that the Federal Reserve was operating on printing press money (fiat).

In fact, there was one man who did discover this, much to his chagrin. His name was Merrill Jenkins. Right in the Federal Reserve's own literature, Jenkins found descriptions of how "money supply" was irrelevant because a bank loaning money simply creates that money through bookkeeping entries and then deposits it into the account of the borrower.

The exception, of course, is interest due on the loan. That money would have to come from money already in circulation, and it is up to the borrower to come up with those dollars. If you go here, you can discover for yourself the truth about this theft and what you can do about it.

The net effect of this is that one class of people perpetually steals from the other class. This makes us and them natural enemies.

The implication of the "debt crisis" is that if the debt ceiling is not raised then American will go into default. The truth is, America is already in default. But it cannot go bankrupt in the traditional sense.

Governments produce nothing, so governments must live off of the producers. It is the nature of governments to grow bigger and bigger and consume more and more of the national wealth. Do you see this happening?

At some point, government overconsumes the national wealth and collapses. Government finally consumes more than the people can produce, as we can clearly see when the government will only be able to collect $1 in taxes for every $2 it is obligated to spend. The rest must be borrowed. Thus, the "debt" ceiling. So then, modern bankruptcy of national governments is not overspending. It is overconsumption of the national wealth. What a farce!

Money printing is inflation, and inflation is the hidden tax. Picture a bucket of milk as your savings. Now, picture the government pouring water into your milk. The more water, the less milk, until finally the bucket is holding only water and your milk is washed away. So it is with your savings under inflation. You can't hide it deep enough underground to save it from the inflation monster.

The economic collapse is accelerating. Expect more ridiculous ideas out of Washington in the coming months as the political class tries to hide it for as long as possible. As I mentioned earlier, go here, to learn the truth and more importantly, what you can do about it.

Yours for the truth,

Bob Livingston
Editor, The Bob Livingston Letter®


SIDE NOTES:



Red October – End of World as We Knew It

 

Recent data shows everything is in the process of breaking down.  Food production, trucking, health services, millions will get very sick and many of them will die, the military breaks down, political system breaks down and the financial system will suffer a horrible unfixable crash… the breakdowns are getting so bad that he is calling this month “Red October.”  In short, the breakdowns will wake up the masses to all the evil that has been hidden.

Hyperinflation is showing up everywhere. . . . We will have the real markets, cost of potatoes, gold, silver and Bitcoin and those things that are outside the dollar system . . . this month, October, I think we will start a bull run in commodity prices that is similar to what happened in Venezuela.  That will be our financial system . . . last gasping breaths.  It will be shuttering and shaking through October, November, and I don’t know if it will be through much of December.  This will be a very . . . crushing time, a very burdensome time.

https://usawatchdog.com/red-october-end-of-world-as-we-knew-it-clif-high/


National Security – America Endangered

The events that occurred throughout America’s disastrous evacuation of Afghanistan need little elaboration: the Biden administration ceded all control over the country, and even over the fates of American citizens, to the Taliban. The world watched America’s longest war end in stunning defeat.

https://amac.us/amac-magazine-exclusive-national-security-america-endangered/?campaign=newsletter

 

RESOURCES

 

House Dems Propose $100 Billion Tax Hike Targeting The Poor


Over Half Of Trump Supporters Want Red States To Secede From Blue States...41% of Biden Supporters Agree

 

US CONGRESSWOMAN WARNS: “If you are a company firing your employees because they are not vaccinated, I would stop...There is no rule or law in place...Lawsuits are coming!”

 

'Damn the consequences' - Stu Burguiere and Glenn Beck explain why Biden doesn't care about approval ratings

 

There are some essential prepper items every home should have and a way to have potable water on hand is one of the most important. Having a water distiller in the home is a huge benefit for cooking and drinking, and it is a must-have item for urban survival. 

Ready Nutrition writer, Misty Anderson gives an in-depth review of her water distiller so readers can make an informed decision on their future emergency water device.

 
READ MORE: Distiller Review: An Urban Survival Essential Item

 

Freedom is on the Move

As the pandemic―and then the riots, lootings, fires and defund-the-police movements―raged across America, and as then-candidate and later President Joe Biden's (D) anti-Second Amendment rhetoric grew ever more belligerent, millions of Americans reacted by buying guns. And it wasn't just "traditional" gun owners who were buying guns and ammo. Read More

 


Natural disasters don't wait for a convenient time

And you shouldn't wait to prepare either. In some cases there is little to no warning.

Prepare now to lessen the impact of disasters and emergencies

 

Remember:  You can’t buy life insurance after you’re dead!

Better –Safe- Than- Sorry Super Survival Kit

Your Emergency Survival Kit Includes:

·        4Patriot Solar phone charger

·        72-hour emergency food pack [25 year shelf life+3 Bonus Meals]

·        Solar/Hand crank 4Patriot emergency radio

·        4Patriot Greens sample pack [Power supplement]

·        3 Luna Nutrition bars [assorted]]

·        Cleaning Wipe Pack+Personal Hygiene kit

·        Emergency Rescue Blanket

·        2-PackHand Warmers

·        Steel River Emergency Tent

·        Emergency Poncho

·        Deck of Playing Cards

·        Mini [42 piece] First Aid kit

·         American Natural Superfood sample

·         MACE Triple-action Police Model pepper spray/UV Dye

And more-Full Details at:

·        https://www.ebay.com/itm/255146721578

 


TRS volt power bank  - Back in stock!

3000mAh Power Bank Battery by Volt comes complete with a micro USB charging cord. This battery can be used as an extra or replacement battery

https://www.bonanza.com/listings/Volt-Solar-Power-Bank-Great-for-Emergency-Power-Anytime/10

 

I’ve purchased a couple of power banks to add to my bug out bags. Do they lose power over time? How often should I check or recharge them?

 

-From Chris D.

 

Answer: A quality power bank can hold a charge for up to 6 months.

 

The thing is, most power banks will slowly lose charge over time depending on the temperature the power bank is stored at.

 

In addition, lithium-ion, and lithium-polymer batteries used in power banks eventually lose their capacity (typically between 200 up to 1000 cycles depending on the battery cell quality.)

 

The bigger the battery is, the less cycles you will need to charge it and the longer it will last. But, I would check them every 6 months if I were you.

 


 

Free enterprise, limited government, individual freedom!

 

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You Can’t Buy Life Insurance After You’re Dead

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That's Bad News...

 

 

You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…Small radios, books, emergency power cell or solar/battery radio weather radio!

 

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A Smoking Frog Feature, Shallow Planet Production

 

5 comments:

Daryl said...

What we don't understand is why n hell anyone still supports Dems or Biden; they're raping our nation.

BidenHater said...

Dem-RATS Tuck Multibillion-Dollar Handout to Illegal Immigrants Into Reconciliation
Biden's $3.5 trillion spending bill gives migrants same child benefits as Americans-Dems are screwing taxpayers…
https://freebeacon.com/biden-administration/dems-tuck-multibillion-dollar-handout-to-illegal-immigrants-into-reconciliation/

Gabby said...

Everything demon-rats touch turns to crap-they're evil & incompetent.

Bob said...

Biden & his gang are a disaster-PERIOD!

Ronnie said...

Globally, food is now its least affordable since 1974.

Of course, the mainstream gives the story a rather more positive spin. Reuters: “World food prices rose for a second consecutive month in September to reach a 10-year peak, driven by gains for cereals and vegetable oils, the United Nations food agency said on Thursday.”