Media Malpractice

Despite no evidence (as of this writing), the lamestream media continues to pound the table endlessly with accusations that President Trump colluded with the Russians to win the election.

This is the same media that ignored:

• The Monica Lewinsky scandal and made excuses for Clinton’s impeachment
• The weaponizing of the IRS, the EPA, the Bureau of Land Management, the NLRB, etc
• The Benghazi scandal and cover-up
• The Fast and Furious scandal
• The Obamacare lies
• The dreadful economy
• The burgeoning national debt under Obama
• The corruption of Attorneys General Eric Holder and Loretta Lynch
• Hillary’s indictable federal offenses
• Witness tampering by Bill Clinton with his tarmac meeting with Lynch during the Hillary investigation
• Obama's ransom paid to Iran for hostages
• The illegal international donations and the quid pro quo emanating from the Clinton Foundation
• Butcher Abortionist Dr. Kermit Gosnell
• The swelling welfare rolls
• The influence of Valerie Jarrett
• The real unemployment rate
• The idiocy of Joe Biden
• Obama’s Executive Orders
• The first ever credit downgrade of the United States
• The high unemployment rate among African-Americans
• The thousands of business-killing regulations
• Crony capitalism
• Van Jones
• The promise that if the Stimulus Bill was passed, unemployment would never climb above 8%.
• Jeremiah Wright
• "Maybe you're better off not having the surgery, but taking the painkiller."
• Bill Ayers
• The worst economic recovery since the Great Depression
• Kill lists
• The drop in real median income
• Backdoor amnesty for illegal immigrants
• Obama claiming to have visited 57 states during his 2008 campaign
• George Soros influence over the Democratic Party
• The Gibson Guitar raid
• General Motors bondholders getting screwed in the bailout
• The closings of GM dealerships owned by donors to the Republican Party
• The National Labor Relations Board’s treatment of Boeing
• The voter intimidation case against New Black Panthers
• The lowest labor participation rate in decades
• “Shovel ready wasn’t as shovel ready as we thought”
• Teen unemployment over 70%
• The pathetic GDP growth
• Obama’s speech advocating that we should “be our brother’s keeper” while his brother lives in a hut in Africa.
• Donna Brazile's feeding of debate questions to Clinton
• Rezko
• "After my election I have more flexibility"

Why the Federal Reserve is Damaging America - Part I

I read and hear a lot about how bad the Federal Reserve is for America. The cries for “Audit the Fed” continue to grow louder. Inherently I understand that government intervention always causes market distortions in the market but trying to explain how the Federal Reserve detrimentally impacts the economy at a level that the average person can understand has proved daunting.

Below is a list of observations about the market with the Federal Reserve and what would happen without the Federal Reserve. Future blog posts will expand on many of these points.

With the Federal Reserve	Without the Federal Reserve
Unconstitutional government-granted monopoly on the creation of money. They fix the cost of credit.	No monopoly. Billions of transactions determine monetary policy.
Recessions and depressions linger for years as the Fed’s market manipulation interferes with free market principles – i.e. “Too Big to Fail”, zero interest rate.	Recessions and depressions self-correct with liquidation of bankrupt companies and industries.
Arbitrarily suppressed interest rates discourages savings, hurts those on fixed income, the poor, and savers. These artificial rates result in malinvestment by sending the  wrong signal to entrepreneurs to borrow at lower rates during a time when the economy may not support their expansion.	Interest rates determined in the marketplace comprised of billions of independent, voluntary transactions between millions of producers, consumers, workers, savers, investors, entrepreneurs and even speculators would return to normalized rates and encourage and reward savings. A large supply of savings would lower the interest rates offered by banks competing to make loans. Low rates send signal to entrepreneurs to borrow and invest in expansion.
Economy-wide booms and busts	No economy-wide booms and busts. Just typical localized and/or sector-specific business fluctuations
Artificially inflated stock market characterized by stock buybacks and dividend increases instead of productivity increases.	Stock market rewarded for future growth, productivity, and innovation.
Lending is suppressed. Why loan money at artificially low rates? Instead institutions seek higher yields and take more risk than otherwise necessary by taking the cheap money from the Fed and investing it in the stock market or other riskier vehicles – the carry trade.	Savings are used to finance business expansion. Depositors restrict current consumption (i.e. save) and business expands using the savings which is loaned to them. Lower consumption turns into more savings. Those saved dollars are then loaned out.
Central planning and crony capitalism.	Free market capitalism.
An unlimited amount of fiat money can be created out of thin air. No gold standard.	Sound money. Possibly backed by gold and/or silver, both of which are scarce, limited, and cannot be created out of thin air as they must be discovered, mined, and minted. They are rare, durable, portable, and divisible.
Bailouts	Bankruptcy
Inflation resulting from the increase in the money supply.	It is very difficult to increase the supply of gold and/or silver, therefore inflation is severely limited.
The welfare and warfare state are fully funded.	Neither would be financed to the insane levels they are currently as taxes would need to be raised to pay for each instead of printing money.

Religion in America

While church attendance in America may be on the decline, religion in America flourishes! Consider the following religions:

• Global Warming
• Abortion
• Environmentalism
• Progressivism
• Liberalism
• Keeping-Up-With-The-Joneses
• In the case of members of Congress, the religion of Remaining-Relevant or Maintaining-My-Popularity-for-the-Georgetown-Cocktail-Party-Circuit
• The most damaging religion in America is that of Party-Above-Reason. This is the religion that worships a political party above all else. Despite evidence of looming bankruptcy, debt and deficits at record highs, record levels of high unemployment, record low levels of labor force participation, dismal economic statistics, perpetual $3.50 gallon of gas, lower levels of income, record levels of food stamp recipients, willful misrepresentation of legislation, lies, deception, cover-ups, cronyism, lack of accountability, record levels of people on disability, and a dead American Ambassador, many Americans refuse to hold the government accountable for its complete ineptitude because their religion precludes them from such.

Pushing an Agenda

How do you gain and maintain power when your agenda conflicts with the majority of the population and you cannot win the debate on its merits? You lie, cheat, intimidate, and bribe.

Lies: Benghazi cover-up. Obamacare is not a tax, your premiums will go down, and it will lower the deficit. Global warming. Claim your opponents are racists, bigots, and homophobic. Fast and Furious. Consequences of sequester cuts. 

Cheating: IRS scandal. Voter intimidation. Illegal voter registrations. Recess appointments. Chrysler bondholders during the GM bailout. 

Intimidation: Gibson Guitar raid. NLRB and Boeing. Occupy Wall Street. Union thuggery. EPA regulations. Fox News reporter James Rosen. Releasing the names of Romney donors on Obama reelection website (some were also audited by the IRS).

Bribery: Record numbers of people on disability and food stamps. Millions receive perpetual welfare payments, housing subsidies, and cell phones. Corporate welfare and bailouts. Crony capitalism.