Well, there were no gorilla shootings in Cincinnati this week. Or for that matter, giraffe, hippopotamus or hyena shootings either. And we can all be thankful for this. I know for my part I just really can’t take another week of listening to animal rights activists talking nonsense. Perhaps the most egregious offender in this regard was a gentleman from Cincinnati, who was quoted in the local paper referring to the departed gorilla as, “a fellow Cincinnatian” and a “400-pound person.”
Nope and nope. Animals are not people. People are not animals. See Genesis 1 for details.
Now then, let’s move onto the scintillating stories from this week.
Oligarchy and the American Jezebel
As the old saying goes, I was shocked but not surprised Monday night, a night when not a single Democratic primary vote was cast, to hear that Hillary Clinton had achieved the necessary delegates to seal the Democratic nomination for president.
It just so happened that scheduled the following day were primaries in California primary and New Jersey, and several other states. In the week leading up to the vote, polls in California indicated that Bernie Sanders and Hilary were neck and neck. And a loss there would have been a YUUUGE embarrassment both to Hillary and her supporters in the Deep State. In fact, a loss in California may very well have been the end of Clinton’s hopes to take the White House. And such things simply cannot be allowed to happen.
And they weren’t.
After Monday’s surprise announcement, Hillary went on to win California by a margin of 55% to 43% over Sanders.
No sooner had the polls closed but the MSM began its hagiography of Mrs. Clinton. And among the worst offenders in this regard, predictably, was CNBC. Their business and financial reporting, the networks raison d’être, is a pathetic mix of stock market cheerleading, Keynesian propaganda, and Federal Reserve worship. I stopped watching years ago. And given the networks ratings in recent years, so has nearly everyone else.
Nevertheless, I do admit to visiting CNBC online several times a day to check the markets. And what did I see there on Wednesday but the headline, “Trump’s going to get demolished by Clinton; Here’s why he needs to drop out now.” Yep. The Donald’s on the wrong side of history, according to the sages at CNBC. Just give up. Go home. It’s over.
I’m not here to flack for Trump, but the man just set a record for the highest vote total EVER in the Republican primaries. Somehow I doubt he’s going to listen to the advice of incompetent journalists at a dying cable network.
But back to Clinton. One thing that is almost never discussed regarding her campaign, even among Christians, is whether it would be Biblical to elect a woman as president. Questions of this sort are never asked by the MSM. Even a survey of blogs, podcasts and YouTube channels will show that almost no one, Christian or not, questions whether a woman could properly fill the role of Commander in Chief of the armed forces. The only question is whether she is qualified intellectually and ideologically to take the helm in the Oval Office.
But at least one Christian author has undertaken to answer that question. Paul Elliott wrote a piece a few years back titled Deborah & Esther: Are They Precedents for a Female President? And his answer to this question would likely shock and offend many, even many in the evangelical community. Elliott concludes,
The Bible tells us clearly that God has ordained male headship, and female submission to that headship, in the home, in the church, and in government…Because this is God’s ordained order, Christians must not seek to put a woman in the place of national rulership, no matter how much we may agree with her ideologically. To do so is, in fact, sin in the eyes of God.
Yes, Hillary is an appalling individual and will make a horrible president if elected. She was a disaster as Secretary of State. She’s an obvious felon. And she will continue Obama’s full-court press to further push the immoral LGBT agenda. In short, she will prove to be an American Jezebel.
But the answer is not for Christians to seek a better qualified woman to run against her. As with all areas of life, we must reason and act according to what Scripture teaches, and not according to the wisdom of this world.
Down go the markets
It was Howard Cosell who famously made the call “down goes Frazier!” But several big-time financial gurus have come out recently with pretty dramatic calls of their own.
Take “the bond king” himself Bill Gross, who Thursday tweeted, “Global yields lowest in 500 years of recorded history. $10 trillion of neg. [negative] rate bonds. This is a supernova that will explode one day.”
In a CNBC interview – yes, despite all the garbage they put out, even CNBC manages to actually tell the truth from time to time – Billionaire investor Carl Icahn pointed out that the stock market has been artificially boosted by prolonged low interest rates.
What he’s referring to is the practice of the Fed since the 2008 financial crisis to hold interest rates near zero.
In Europe, they one-upped the Fed with many European bonds actually trading at a negative interest rate. In other words, people are charged to save and paid to borrow. Makes perfect sense to me.
Actually, it doesn’t make any sense at all. But then, not much in the world of finance does these day.
The current world financial system – by this I mean the dollar based, central bank dominated, fiat currency ponzi scheme – is on its last legs. And the absurdity negative interest rates is one of the clearest indicators of this.
Such a financial Frankenstein could never exist in a free market with on honest monetary system. It stands only because the Fed and other major world central banks are constantly manipulating everything. Whether overtly with absurdities such as ZIRP (Zero Interest Rate Policy) or NIRP (Negative Interest Rate Policy), or by
What we have now if fraud on the largest scale in human history. And it will end badly.
The Plunge Protection Team
Icahn’s comments, true though they were, did not reveal the actual extent of the financial deceit that has become the new normal on Wall Street. In the opinion of this author, not only are financial markets manipulated overtly by central bank driven ZIRP and NIRP, but also covertly via the futures market.
In the wake of the 1987 stock market crash, Ronald Reagan established what is formally known as the President’s Working Group on Financial Markets, better known as the Plunge Protection Team (PPT). The group consists of some pretty high-powered folks, namely the Secretary of the Treasury (currently Jack Lew), the Chairman of the Board of Governors of the Federal Reserve (currently Janet Yellen), and the Chairman of the SEC (currently Mary Schapiro).
Set up by Executive Order 12631, The President’s Working Group supposedly was designed for the purpose of, “enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation’s financial markets and maintaining investor confidence.”
As the name PPT suggests, many people have come to view it as the primary tool by which the federal government covertly props up the US stock markets through purchases of S&P futures contracts, especially in the event of a sharp market downturn.
And propping up the stock market may not be the only manipulation carried out by the PPT. As Ron Paul mentions in his book End the Fed, they may be a conduit through which the federal government artificially suppresses the gold market. Paul writes,
Even today, the government and central banks have an intense interest in not allowing the gold price to send a no-confidence signal to the world of just how weak the dollar is. Central banks in recent years have been selling [gold] constantly, and I’m strongly suspicious that the President’s Working Group on Financial Markets – the “Plunge Protection Team” – participates in the gold market as well to keep the price suppressed (End the Fed, p.54).
Gold and silver are considered “hard money.” I prefer to call them honest money. Unlike the bogus fiat currencies used throughout the world, they cannot printed in unlimited quantity at the whim of some central bank monetary politburo. And as honest money, historically they have provided a check unscrupulous politicians who want to promise the voters the sun, moon and stars all the while convincing them that they won’t have to pay a dime.
Of course, this is a lie. The voters pay through the hidden tax of inflation that occurs when the government creates fiat currency out of nothing to pay the bills for all the “free” goodies given away by lying politicians.
As governments print money, it drives the price of gold and silver up relative to the paper currencies that are issued in increasing quantity. In this respect, gold and silver are financial canaries in the coal mine. When precious metals prices spike, that’s a signal the paper currencies are losing value.
The government doesn’t want you to see this, so at the same time it relentlessly supports stocks to convince you everything is awesome, suppresses gold and silver 24/7 so as not to let the cat out of the bag that the economy is going down the tubes, and with it the value of your dollar-based savings.
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