"Rigging The Game"
By John Wilder
"It’s a strange, new world. During my childhood, there was an active focus on one concept: we’re all humans, regardless of race. We should all be treated the same, and have the same rules. Sure, there were programs like affirmative action, but the primary impact of those was (for the most part) in making sure that minority candidates were considered for jobs. The rule (generally) remained that the most qualified person got the job. Meritocracy reigned.
I won’t pick the date this changed, because it’s been a continuum, a bit here, a bit there. But if you had seen the following headline in 1980 or 1990, I think the first thought of people would have been, “How can that even be legal?”
The idea isn’t just at Bank of America®, it’s also at Wells Fargo™, too, you can look it up. The concept is that companies attempting to get their ESG (link to my previous post on this monstrosity here) score up are setting up programs like that. To be clear, any loan by any bank that’s not rooted in the ability of the borrower to repay is awful, and immoral. It’s also shenanigans like this that led directly to the 2008 housing bubble and Great Recession. In a related story, I wonder if Pelosi shorted them yet?
If a country is searching for a solid economy, this isn’t it. If a country is looking to make actual equality the measure, this also isn’t it. If it were just this, it would just be (outside of being illegal) just a limited number of bad business decisions, but it’s not limited to just this. How about electric cars? I mean, I’m as much into having children dig for toxic cobalt in the Congo so rich people in California can have electric cars and feel smug about it as the next person, but to create a tax incentive? Seems a bit like we’re rubbing it in.
Not to mention reparations. It’s odd that the people who want to abolish debt for people that borrowed money are also the ones that want to pay people for things that never happened to them. I guarantee that, no matter how much is offered it won’t be accepted. Why? It will never be enough. Ever. Another symptom of the Kleptocracy.
What about the Biden family themselves? Is their economy wrecked like they’ve wrecked the nation? No. Joe went from $0 net worth in 2015 to $9,000,000 (latest info I could find) today. How’d he do that? I’m sure he cut back on Starbucks®. According to reports, Hunter asked a donor to set up a job for his “pled guilty to a felony for $100,000 credit card fraud for makeup” niece.
Click image for larger size and vomit bag.
They agreed to hire this felon for $85,000 a year. She refused. She wanted no less than $180,000. To be fair, from the pictures it does look like she needs that much makeup.
Again, that’s small potatoes, when looking at the billions that have already been looted from the open checkbook that is the Ukraine.
And yet, there’s more! I’ll skip over the massive payments for illegal aliens to play computer games and stay in hotels at taxpayer expense while actual Americans are homeless and face bankruptcy to medical bills inflated by donor companies like Pfizer®. I’m sure that doesn’t make anyone mad.
In point of fact, what we are seeing is the looting of an economy. Our economy. I think it’s been going on for years, but the looting wasn’t so visible because it was papered over, literally. After the 2008 Great Recession, there wasn’t really any attempt to make the economy better, rather, the idea was to just keep printing money – Qualitative Easing is what they called, it, which was a fancy way to say that the money would be printed and buy up the weakest assets of the companies that the Fed® had desired to support. Bank of America™ and Wells Fargo© were among them.
COVID-19 was the lynchpin, though. As the tide receded and undulated, we could finally see who didn’t have a swimsuit on. It turned out, it was most of the economy. Now, inflation. And, to top it off, eggs appear to be the 2023 version of toilet paper, so I guess this year that Halloween pranks will actually add value to the house. It also looks like the plan that The Mrs. was brooding on, “let’s get some chickens that lay eggs” will finally hatch. Maybe.
Oddly, it gets even worse. Since 1988, the United States has paid $13 trillion in interest to...use its own currency – the government needs currency, the Treasury prints bonds, the Fed® creates cash, the United States owes interest and pays fees to the Fed™ member banks. That’s weird, because the United States used to just issue its own cash. Without debt. Sure, if you print too much, that causes inflation.
Oh. I see we’re soaking in inflation. And the Fed® actively plans for inflation as a part of the business plan. The looting can’t continue forever. And that’s a good thing. This made-up economy filled with economic nonsense that, at times, makes Lenin look like an economic genius, has a time limit. Merit will return, just as the "Gods of the Copybook Headings" have always predicted. There can be no other outcome."
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