Two Kinds Of Identity Politics

We often hear the term "identity politics" bandied about as a negative thing.  Certainly, the flavor we have seen in recent years, sometimes called by the nebulous catchall terms "woke" on the left and "based" on the right, has proven to be quite toxic.  At best, it tends to be a distraction from other issues.  Even Bernie Sanders has, years ago, criticized it, and rightly so, and predictably caught very much flak for that.  And both of the two corporate duopoly parties in the USA are guilty of their own brands of toxic identity politics, as their versions of "left" and "right" are really both two wings of the same bird.

But did you know that there are TWO kinds of identity politics?  According to Jonathan Haidt and Greg Lukianoff, the two flavors are 1) "common humanity identity politics", and 2) "common enemy identity politics".  And they are exactly what they sound like. The latter is the toxic and low-vibration kind we have seen in recent years, while the former is essentially what propelled the Civil Rights Movement, most notably Dr. Martin Luther King, Jr., along with some other mass movements.  That is, the former is the high road, while the latter is the low road.

Truly, there is really only one race:  the HUMAN race.  And we must never forget that, for we forget our common humanity at our own peril. 

Contrary to common enemy identity politics, life is NOT a zero-sum game.  Or at least, it certainly does not HAVE to be.  It is NOT inherently or automatically necessary for someone to lose for another person to win.  A positive-sum, win-win, mutually-beneficial world is certainly possible, and it even happens now to some extent in some cases.  But following such a virulent toxic ideology only guarantees that we all fall into a net NEGATIVE-sum game where we ALL lose to one degree or other, in a self-fulfilling prophecy.  Much like how Buckminster Fuller once noted that war and scarcity are really NOT inevitable in themselves, but rather a result of a self-fulfilling prophecy when men believe they are inevitable. 

As the band Seether once put it more poetically, "nothing grows in the desert when you covet the drought". Probably the best analogy there is for that.

Choose the common humanity version.  It will never let you down when done properly.  Because the only real common enemies in politics are oligarchy, tyranny, and ochlocracy.  That is, the three "bad forms of government" per Aristotle, the latter of which is "mob rule" or "tyranny of the majority", merely the other side of the very same evil coin as oligarchy and tyranny of the minority.  All three of which, interestingly enough, are effectively promoted by the toxic, common enemy version of identity politics.  And Big Tech of course enables and literally profits from it all.  Currently, there are really only two sides:  oligarchy versus humanity.  All the rest of politics is a mere sideshow.  We must not let wokeness, hate, tribalism, and all of their attendant infighting distract us from that.  In other words, choose humanity. 

How To Defuse The QUADRILLION Dollar Derivatives Bubble (Part Deux)

Last year we discussed the QUADRILLION dollar derivatives bubble and the risks that come with it.  Well, guess what?  That bubble is still there, just WAITING to pop, and thus drag down the rest of the economy with it as well due to is massive size and interconnectedness.  And it has only grown dramatically since the last major financial crisis and Great Recession in 2007-2009.  

Ellen Brown recently wrote another excellent article about what to do about it.  She notes how this dangerous derivatives bubble was no accident, but came into being via deliberate deregulation that specially privileged derivatives.  Repealing the Glass-Steagall Act in 1999 was only the start.  In 2000, the Commodity Futures Modernization Act (CFMA) not only removed derivatives from any sort of federal oversight, but it also declared them be legally enforceable, a privilege that NO other bets have ever historically enjoyed.  (Let's face it, derivatives are literally nothing more than glorified bets.)  Then in 2005, the Bankruptcy Act gave derivatives extra special "safe harbor" protections as well.  And after the Great Financial Crisis, a crisis in large part caused by wanton derivatives speculation, what law was passed to pretend to tame this out of control casino? You guessed it:  the Dodd-Frank Act of 2010, a band-aid which only further entrenched the fundamental derivatives problem that was left to fester. 

That is, fully legalized and unregulated gambling with other people's money on a truly gargantuan scale by the ultra-rich, using very questionable and opaque financial instruments, all backed by special privilege and protection of the law, is still very much a thing, alas.  And like any casino, the house (the oligarchy) always wins.  Privatize the profits, socialize the losses.  Heads, they win, tails, We the People lose.

Talk about moral hazard! 

Clearly, repealing Gramm-Leach-Bliley (the 1999 law that repealed Glass-Steagall, thus reinstating the latter), repealing the CFMA especially, repealing the "safe harbor" protections in the Bankruptcy Act, and repealing Dodd-Frank should be the absolute highest priorities to defuse this massive ticking time bomb.  No doubt about that.  That is, we must regulate derivatives at LEAST as stringently as they were in the 20th century, if not more so.  Additionally, a modest financial transactions tax (say, 0.1% on all transactions) would also be a good idea as well.  The latter can alternatively be achieved by raising and expanding the current SEC Fee to include ALL financial instruments equally, including derivatives.

We should also jettison the largely inaccurate term "hedge fund" from our collective vocabulary as well.  They should really be called "speculation funds", since that is what they really are in practice.

Oh, and to the FERAL Reserve:  CUT INTEREST RATES YESTERDAY!  And stop Quantitative Tightening yesterday as well.  It is really playing with fire in the worst way right now.  KNOCK IT OFF.

The aforementioned items would be enough to defuse it in the near term, while the following items would be to clean up the damage and/or prevent it from happening again in the future:

• Ban the practice of "quote stuffing" and other practices of deliberate market manipulation.
• Ban stock buybacks by corporations.
• Going forward, ban any and all types of new and exotic derivatives that are not completely transparent.  Opaque derivatives based on sketchy underlying fundamentals should be considered fraud, plain and simple. 
• Absolutely NO more bailouts OR "bail-ins" of the banks ever again, period (but of course depositors should still be made whole per the FDIC, with no apologies to any ultra-purist libertarians or paleoconservatives).
• Implement "Quantitative Easing For (We The) People" (that is, with direct payments to individuals, not banks) as needed.
• Phase out the practice of "fractional reserve banking" by very gradually raising the reserve ratio requirement until it reaches 100%.
• Fully nationalize the largely privately-owned FERAL Reserve to make it truly FEDERAL for once.  And established state and local public banks as well, like North Dakota currently has.
• And last but not least, all banks that are "too big to fail" are really too big to exist, and should thus be either forcibly broken up, taxed heavily, or nationalized as public utilities.  YESTERDAY!

In the meantime, we all need to brace ourselves for a possible financial crisis and recession in the future.  It is highly unlikely that Congress will act in time, as they are largely bought and paid for by Wall Street and the big banks (who also largely own the FERAL Reserve as well).  But don't fall for the idea that we should withdraw all of our money now, as that would literally be a self-fulfilling prophecy (causing a bank run).  The FDIC guarantees the first $250,000 per depositor per bank, so unless you have more than that (and didn't put it in multiple banks like you should have), it does not make sense to do so.

So what are we waiting for?

Last Chance To Avoid Recession

Inflation is now effectively beaten.  Not only has it cooled significantly, but now the specter of deflation has recently been raised, and has already been seen in the prices of durable goods falling a bit recently.  Oil is also down as well, which has of course led to a recent drop in gasoline prices.  And this is in spite of the ongoing conflict in the Middle East, which otherwise would have raised oil prices, ceteris paribus, due to the resulting geopolitical instability and uncertainty. 

Deflation may sound like a good thing, especially after such a high inflationary episode, but if it persists, it can turn into a downward economic spiral that is far worse than inflation (think the Great Depression, or Japan's three decades of rolling deflation from the early 1990s until very recently).  It also amplifies the sting of debt, and with debt of all kinds at such stratospheric levels today, America needs that like a hole in the head.  Once such a spiral begins and sets in, it is very, very difficult to extricate from.  Not even QE can seem to end it (though giving such "helicopter money" directly to We the People might work). And deflation is, at best, very difficult to control.

So the FERAL Reserve really needs to cut interest significantly, and pause QT, yesterday, before they create a problem that is practically impossible to dislodge. And if that doesn't work, prepare to not only restart QE, but also implement "QE for the people" as well. say you weren't warned.

In other words, this is the LAST CHANCE to avoid recession or worse.  And there is always a lag of at least two quarters, so if they wait until the recession begins before they begin cutting rates, it would be too late, and would be like "pushing on a string".

That said, looks like the Fed decided to stop hiking interest rates, and signaled at least three interest rate cuts in 2024.  So now is the best time to put your money in a CD account to lock in the current rates.  But who knows when they will cut rates?

How To Solve The Big Tech Problem Without Violating Anyone's Rights

"Big Tech is the new Big Tobacco" is often bandied about these days.  And while that has a kernel of truth to it (a kernel the size of a cornfield, in fact), it is also used by authoritarian zealots with a very illiberal (and ageist) agenda.  Mandatory age verification, censorship, repealing Section 230, and other related illiberal restrictions would open up the door to many unintended consequences to privacy, cybersecurity, and civil rights and liberties in general.  Even those adults who don't support youth rights will eventually experience these consequences sooner or later.  Kafka, meet trap.  Pandora, meet box.  Albatross, meet neck.

And none of these things will actually solve the collective action problem of Big Tech and the "Social Dilemma".  But here are some things that will, in descending order of priority and effectiveness:

1. First and foremost, take a "Privacy First" approach as recommended by the Electronic Frontier Foundation (EFF).  Pass comprehensive data privacy legislation for all ages that, at a minimum, would ban surveillance advertising.
2. Audit the algorithms and internal research of the Big Tech giants, and make the results publicly available for all to see.  Sunlight is truly the best disinfectant. 
3. Require the strictest and safest privacy settings to be the default settings for all users of all ages, which can then be adjusted more liberally by the users themselves.  For example, "friends only" sharing and "no DMs enabled from people whom one does not follow" by default.  And allow the option to turn off all DMs completely as well.
4. Require or incentivize the use of various "architectural" safety features on all social media, such as various nudges, #OneClickSafer ("stop at two hops") to reduce the pitfalls of frictionless sharing, and increase the use of CAPTCHAs to root out the pervasive toxic bots.
5. If after doing that, We the People feel that we must still get stricter in terms of age, then don't make things any stricter than current California standards (i.e. CCPA and CAADCA).

The first two items on the list in particular would of course be vehemently opposed by Big Tech.  That's because their whole business model depends on creepy surveillance advertising and creepy algorithms, and thus incentivizing addiction for profit.  They would thus have to switch to the (gasp!) DuckDuckGo model if these items were done.  (Plays world's smallest violin)

For another, related collective action problem, what about the emerging idea of phone-free schools?  Fine, but to be fair, how about phone-free workplaces for all ages as well?  In both cases, it should ONLY apply while "on the clock", which for school would be best defined as being from the opening bell to the final bell of the day, as well as during any after-school detention time.  And of course, in both cases, there would have to be medical exemptions for students and employees who need such devices for real-time medical monitoring (glucose for diabetes, for example).  Surely productivity would increase so much as a result that we could easily shorten the standard workweek to 30-32 hours per week (8 hours for 4 days, or 6 hours for 5 days) with no loss in profits? 

We must remember that, at the end of the day, Big Tech is NOT our friend.  But neither are the illiberal control freak zealots.  These measures will actually make both sides quite angry indeed.  But truly that's a feature, not a bug.

Big Tech can go EFF off!

State Of The Planet Address 2024

It is now 2024, and this year the TSAP will not waste any time giving our annual State of the Planet Address as we do every year.  Yes, we know it is a bit of a downer to say the least.  So sit down, take off your rose-colored glasses, and read on:

Our planet is in grave danger, and has been for quite some time now.  We face several serious long term problems:  climate change, deforestation, desertification, loss of biodiversity, overharvesting, energy crises, and of course pollution of many kinds.  Polar ice caps are melting.  Rainforests have been shrinking by 50 acres per minute.  Numerous species are going extinct every year.  Soil is eroding rapidly.  Food shortages have occurred in several countries in recent years.  Weather has been getting crazier each year thanks to climate change.  We have had numerous and often record-breaking wildfires, floods followed by long periods of drought, and a "storm of the century" at least once a year for the past several years.   And it is only getting worse every year.  In fact, 2023 is now officially the hottest year on record.  Look no further than the three record-breaking storms in the past 20 years:  Katrina (2005, highest storm surge), Sandy (2012, largest diameter), and then Harvey (2017, a 1000-year flood, and overall worst hurricane on record), followed by Irma and Maria which devastated Puerto Rico, for a taste of the not-too-distant future.  And that was before Hurricane Michael devastated a rather large chunk of Florida.  And the wild weather continues to this day, with up to six-foot (!) snowfalls in parts of Upstate New York just over a year ago, record wildfires in Canada last summer, and record rainfall in parts of the Northeast USA last year as well.

None of this is an accident of course.  These problems are man-made, and their solutions must also begin and end with humans.  We cannot afford to sit idly by any longer, lest we face hell and high water in the not-too-distant future.  Our unsustainable scorched-earth policy towards the planet has to end.  Yesterday.

While we do not invoke the precautionary principle for all issues, we unequivocally do for the issue of climate change and any other environmental issues of comparable magnitude.  In fact, for something as dire as climate change, as of 2015 we now support a strong "no regrets" approach.  With no apologies to hardcore libertarians or paleoconservatives, in fact. We are not fazed one bit by the naysayers' pseudoscience as it does not really "debunk" the scientific consensus on anthropogenic global warming. The only serious debate is about how fast it will happen, and when the tipping point (or points) will occur. It is not a matter of if, but when. And the less precarious position is to assume it is a real and urgent problem. We need to reduce CO2 emissions to the point where the CO2 concentration is at or below 350 ppm, ASAP.  And it is currently at an unsustainably high level of 400+ ppm, and growing rapidly every year.

Given the latest IPCC report, which is truly nothing short of horrifying, the general consensus among climate scientists is that we have only at most 12 years left (now more like 11) to act radically before truly catastrophic climate change is a foregone conclusion.  And 2030 will be here before we know it.  

Now THAT is a national emergency!  And a global one, in fact.  Thus, a full-steam-ahead, Green New Deal 2.0 is LONG overdue.  We have already squandered over a whole decade since Copenhagen, and we cannot afford to squander even one more day, let alone another decade.

Solving the problem of climate change will also help to solve the other ecological crises we are facing, for they all ultimately have the same root causes, not least of which is our insatiable addiction to dirty energy.  However, there is a right way to solve it, and several wrong ways.  Technology is important, but it won't be decisive on its own (economics geeks may recall Jevons Paradox).  The real problem is the paradigm that our society has been following, and that system is based on wetiko, the parasite of the mind and cancer of the soul.  It often seems that the only difference between capitalism and cannibalism is the spelling.

The TSAP endorses the ideas embodied in Steve Stoft's new book Carbonomics, most notably a tax-and-dividend system that would tax carbon (i.e. fossil fuels) at the source, and give all Americans an equal share of the revenue generated from this tax.  (Note that our proposal to tax natural resources and pay out an Alaska-like citizen's dividend already includes this.)  Yes, prices for various things would undoubtedly rise due to this tax, all else being equal, but the dividend will allow Americans to pay for this increase. The average American would in fact break even, but those who (directly or indirectly) use less energy than average will effectively pay less tax, while the energy hogs will effectively be taxed more, as they should be. Thus it is certainly not a regressive tax, and may even be mildly progressive. This is both the simplest and most equitable way to reduce carbon emissions as well as other forms of pollution, not to mention waste of dwindling non-renewable resources. The real challenge is getting the feds to accept something that won't directly benefit them (in the short term).  Carbonomics also includes other good ideas, such as improving how fuel economy standards are done, and crafting a better verison of the Kyoto treaty.   

In addition to the ideas in Carbonomics, we also support several other measures to help us end our addiction to fossil fuels once and for all.  While our Great American Phase-Out plan would have phased out all fossil fuels by 2030 at the latest, via alternative energy, efficiency, and conservation, we unfortunately now see that as too ambitious in light of the disastrous "Net Zero" rollouts in the UK and Germany recently.  Another good idea to further the development of alternative energy would be the use of feed-in tariffs for renewable power sources. 

(We are now very behind schedule, so perhaps the best we could hope for is a phaseout by 2050, which may be too late.)

Of course, it is not enough to stop emitting carbon dioxide, we also need to remove the current excess levels of it from the atmosphere as well, as that stuff can otherwise linger for centuries and continue wreaking havoc on the climate.  We support ending net deforestation completely, planting a LOT more trees, and putting carbon back in the ground through carbon sequestration. One method is known as biochar, a type of charcoal made from plants that remove carbon dioxide from the air, that is subsequently buried. This is also an ancient method of soil fertilization and conservation, originally called terra preta.  It also helps preserve biodiversity.  Another crucial method would be regenerative organic farming, which also turns the soil into an effective carbon sink as well.  And we will most likely also need to employ higher-tech methods of sucking carbon out of the air as well.

We've said this before, and we'll say it again.  Our ultimate goal is 100% renewable energy by 2050, and as close as possible to that by 2030-2040, but we need to hedge our bets.  We can phase out fossil fuels, or we can phase out nuclear power, but we can't do both at the same time--and fossil fuels need to be phased out first, and quickly.  Nuclear is doing a pretty good job of phasing itself out as it is.  So let's not get rid of it prematurely.  

LENR (low energy nuclear reactors) and fusion power are also worth considering.

But the biggest elephant in the room (make that the elephant in the Volkswagen) is overpopulation.  It does not make for pleasant dinner conversation, but it must be addressed or else all other causes become lost causes in the long run. We absolutely need to have fewer kids, or nature will reduce our population for us, and the latter will NOT be pleasant to say the least. The TSAP believes in voluntarily reducing the total fertility rate (TFR) to 1.5-1.9 children per woman to do so, but let us be clear that we do NOT support draconian and/or coercive measures of population control (like China has used).  We believe that more liberty is the answer, not less.  In fact, the two most effective means of reducing the birthrate are poverty reduction and female empowerment.

Fortunately, America's TFR has recently dropped to a record low of about 1.6-1.7 with no indication of rising back above replacement rate in the near term.  And with the massive social and economic fallout from the pandemic and especially the lockdowns, the TFR may even drop further.  But clearly we cannot keep growing and growing, that's for sure (in fact, we need to shrink). And our insatiable addiction to economic growth (despite being decoupled from well-being) is also every bit as harmful as overpopulation as well, if not more so.  Growth for the sake of growth, the ideology of the cancer cell,  is clearly one of the most asinine obsessions our nation (and world) has ever had.  We clearly need to transition to a steady-state economy, most likely following a period of what Naomi Klein calls "selective degrowth" as well.  And to do that, we need a radical paradigm shift to happen yesterday.  Put another way, we need to leave room for Nature, lest Nature not leave room for us.  We have been warned, decades ago in fact.  Unfortunately, such warnings have largely fallen of deaf ears until very recently.

(NOTE:  The novel experimental gene therapies that self-identify as "vaccines" may be behind the drop in birthrates from 2021 to 2022, and if that is not reversible, is NOT really good news.  Time will tell.)

Yesterday is the time to jettison the Twin Big Lies that "everybody must work for a living" and "everybody must procreate".  Because doing so is the sine qua non of any realist plan to avert ecological catastrophe.

Last but not least, the TSAP now believes that as long as men remain in charge, we are all merely rearranging deck chairs on the Titanic.  Let's face it, it ain't gonna be us fellas who will save the world, as the past 7000 years or so have shown.  We paved paradise and put up a parking lot, we created a desert and called it peace.  We devoured and suffocated our own empire, and our proverbial 15 minutes of fame is almost up.  Only when women finally take over and reclaim their rightful position as the new leaders of the free world--and they will--will there be any real permanent solution.

Bottom line: we need to take the environment much more seriously than we do now.  We ignore it at our own peril.  And while the current administration in DC clearly doesn't care, We the People must act nonetheless.  With no apologies to the deniosaurs or Big Oil, Big Gas, or Dirty Coal.

Oh, by the way, wanna hear a joke?  Peak Oil.  Not saying it won't happen, of course--it will eventually peak and decline at some point--but climate change kinda supersedes it.  While conventional oil most likely has already peaked, there is more than enough total oil (including unconventional) to deep-fry the Earth--and most of which needs to stay in the ground if we wish to avoid catastrophic climate change.  Fossil fuels are, after all, what Buckminster Fuller referred to as our planet's "energy savings account", which we need to wean ourselves off of and save just in case of a planetary emergency--and he first said this in 1941!

So quibble all you want, but the truth must be faced head-on.  Hindsight is 2020, and we have a planet to save.  So let's roll!

UPDATE:  We never thought we would ever have to say this, but the TSAP does NOT support a "climate lockdown" or any other type of lockdown for that matter.  It is at best a category error, and would do far more harm than good in the long run.  And of course it flies in the face of the basic principles of anything remotely resembling a free society.  So take that off the table now!

It should also go without saying, but we at the TSAP DO NOT support the WEF "Great Reset", social credit scoring, or a cashless society (aka CBDC) either.  Those are a totalitarian's dream come true, and our worst nightmare come true for the rest of us.  We believe that the answer is MORE liberty and democracy, not less.

Let the planetary healing begin!

DO NOT Abolish Cash!

There is an open conspiracy against cash these days, with the powers that be wanting to gradually, then suddenly, phase it out completely in favor of central bank digital currency (CBDC).  The push is particularly acute in the UK now, but if left unchecked it will come to a country near you, including the USA.

And here is why the powers that be really want to abolish cash, and also by definition why it must be opposed at all costs.  CBDC can be easily controlled directly by the oligarchs (the central banks, big banks, and their sycophantic lackeys in government), and thus are a totalitarian's dream come true.  Combine that with CCP-style social credit scoring and the ability to turn on and off one's account at will, and you have a recipe for full-blown dystopia.  

So DO NOT fall for it.  Seriously.  Keep using cash at least some of the time, as that is effectively KRYPTONITE to the oligarchy (and they know it is).

Time To "86" The Federal Tax Code

The federal tax code has become increasingly Byzantine in its complexity, and the very rich easily get away with paying next to nothing due to the loopholes that they themselves write into the code.  The TSAP believes it is best to overhaul it entirely. 

That's why any serious tax reform idea needs to begin with, "The Internal Revenue Code of 1986 is hereby repealed".  And then replace it with something much, much simpler and more efficient:

The Universal Exchange Tax (UET) is one potential thing to replace it with.  A tax of typically 0.1% or less on (practically) all electronic transactions, and only on the destination or deposit side.

Another similar idea is the Automated Payment Transaction Tax (APT), from Dr. Edgar Feige.  This one taxes both sides of each transaction, and posit a higher rate than the UET due to less optimistic assumptions about the tax base, among other subtle differences.

Another similar idea is the Automated Deposit Tax (ADT, aka the "Tiny Tax"), from Dr. William J. Hermann, Jr.  Formerly one of the largest supporters of the APT above, he later came up with an even simpler idea, that only taxes the deposits into financial institutions.  Given a smaller base, as "within account" transactions would not be taxed, the revenue neutral rate is expected to be around 1% to replace all federal taxes and 1.2% to replace all federal, state and local taxes.  A more optimistic assumption would of course put the tax base much higher, and thus put the tax rate even lower still.

Keep in mind that, unlike the UET and APT, the ADT (Tiny Tax) would be unlikely to result in any significant shrinkage of the theoretical tax base in practice, since most if not all of the predicted shrinkage in the former, would result from fewer high-frequency stock, bond, and derivative trades within accounts (which are far more sensitive to that).  That is, what the latter lacks somewhat in the relative size of the tax base, it largely or entirely makes up for in relative lack of shrinkage. And switching to any of the three of course removes all of the compliance costs, distortions, finagling, and deadweight losses from the status quo, resulting in significant savings right there.

All of the above are the logical conclusion of the "lowest possible rate on the broadest possible base" with the latter idea adding "with the least complexity" as well.  All of these taxes are also surprisingly progressive, since the rich transact disproportionately more money than the non-rich, thus they pay disproportionately more in practice.  And yet it is not a particularly heavy burden on anyone, rich, poor, or anyone in between for that matter.  In fact, it's equivalent to everyone getting a raise, we can still afford to have a robust social safety net (if not the entire progressive wish list), AND America still becomes a global tax haven nonetheless.

It's a win-win-win situation for everyone but the oligarchs at the top that benefit from the status quo at the expense of the rest of us, in other words.

Some plans aim for revenue neutrality, while others aim for a balanced budget or even a surplus.  But what if there was a way to make the concerns about balanced budgets completely obsolete and irrelevant?

PAGING DR. FIRESTONE!

Enter Dr. Joseph M. Firestone, a proponent of one flavor of Modern Monetary Theory (MMT).  He argues that Congress can simply pay off the entire fictitious "National Debt" in one fell swoop and simply create the money ad hoc to pay all of its expenses, without needing to raise revenue at all.  He calls it "Overt Congressional Financing" (OCF), and can be done by a simple Act of Congress and/or the Treasury minting a high value platinum coin (i.e. valued in the trillions).  As does Rodger Malcolm Mitchell (of Monetary Sovereignty fame) and Ellen Brown as well.

That's not to say that taxes are completely useless.  There in fact are a number of reasons for them.  They 1) create demand for the currency, 2) help control inflation to some extent as an automatic stabilizer, and 3) control the economy to one degree or another to encourage and discourage various things (also known as social engineering).  And they can also be used for less than lofty motives as well to rig the game for the oligarchy, of course.  But for a government that can issue it's own currency, like our own federal government (but unlike our state and local governments), simply raising revenue is NOT of them.

So how do we retain the desirable features of taxes without the drawbacks?  Pigouvian taxes, such as vice taxes and eco taxes, for example, can then be added (back) in after repealing the old outmoded tax code.  Ditto for perhaps a limited "rich-only" or "very rich-only" individual income tax like the sort that prevailed prior to World War II, or alternatively an excise tax on executive compensation (like Bernie Sanders advocates) exceeding a maximum pay ratio between executives and their average or lowest-paid employees, in order to reduce the yawning chasm of inequality these days.  And perhaps a "too big to fail" tax on any bank or corporation that is so large and interconnected that it poses the externalities of systemic risk as well.

So what are we waiting for?

UPDATE:  One mild criticism right off the bat is that jettisoning the income tax entirely would also inherently jettison the proven poverty-fighting Earned Income Tax Credit and Child Tax Credit as well.  The answer?  Until we implement a Universal Basic Income (UBI), we can and should implement a "Reverse Payroll Tax" that tops up wages by matching wages in each paycheck dollar for dollar up to a point (say, the first $200 per week), which is actually much simpler than the EITC and CTC.  As for the criticism that tax-free municipal bonds will lose their luster in terms of investment incentives, and municipalities will suffer as a result, the Monetarily Sovereign federal government can simply provide more federal aid to municipalities so they don't have to borrow at high interest rates.  And regardless of what the feds do, municipalities and states can also set up their own public banks (like the famous Bank of North Dakota) as well and borrow money interest-free, of course.

UPDATE 2:  Even if the Tiny Tax is implemented, there is nothing to prohibit maintaining (and increasing and harmonizing) the SEC Fee on Wall Street transactions, if one wishes to implement a sort of "gaming tax" on speculation as well.  

Case Closed: Masks STILL Don't Work

(This is an updated repost of an article from February 2023, as we thought the reader might need a reminder now in light of current events involving mask zealots, so far only in select pockets.  The calendar says 2024, but these zealots make us feel like we are in a 2020-2021 time warp or something!)

We will say it louder, for the people in the back.

A major new gold standard Cochrane review study (in January 2023) has come to a conclusion that only the utterly brainwashed would consider at all shocking at this point:  Masks don't really work to stop the spread of respiratory viruses.  Never did, and never will.  Not even the vaunted N95.  Handwashing is likely modestly effective, but masks are basically a joke overall, and not a very funny one either.

This concurs with over a century of research that came out overwhelmingly in support of the anti-mask side of the debate.  In fact, by 1919 it was practically settled science that these devices aren't anywhere near what they were cracked up to be, a consensus which prevailed until March 2020.  Then the pandemic narrative took over and turned the science upside down for nearly three years straight, while any studies were to the contrary were systematically file-drawered for far longer than those supporting the narrative.  In fact, the original version of the 2023 Cochrane review was actually written in the spring of 2020, and came to the same conclusion, but was ignored.  And now the entire pandemic narrative has collapsed faster than formerly healthy young athletes on the field after being jabbed.

We recently noted how the ever-insightful Ian Miller has so thoroughly debunked, deboned, sliced, diced, and julienned the pro-mask arguments, and laid waste to their utterly scorched remains for good.  And be sure check out the excellent Fargo study from Josh Stevenson et al. about masks for kids as well, likely the very best one yet, with the very least biases or confounding.  Spoiler alert:  masks STILL don't work.  Not for kids, not for adults, not for no one.

Oh, and let's not forget the dreaded Foegen Effect as well.  And other harms as well, see here.  That literally makes masks WORSE than useless.  Jettison them!

To the anti-mask side:  you are now hereby overwhelmingly vindicated, and really always have been in fact.  You have literally passed the biggest functional IQ test in all of modern history.  To the pro-mask side:  we are still waiting for you to apologize.  Yesterday.  And to those who switched jerseys anytime after February 2022 (that is, only when it became socially acceptable to do so), you are fooling no one.

QED

UPDATE:  Some may pedantically point out that "absence of evidence is not evidence of absence", therefore "no one can really say" that masks don't work.  True, you cannot (definitively) prove a negative.  But given the totality of the research and real-world evidence, it would be slothful induction (if not magical thinking as well) to still believe that masks have any sort of net benefit at all. If they did have a net benefit, it would have been self-evident long ago.  We need to see the forest for the trees.

"But...but...they worked in Japan!" See here for a good debunking of that myth as well.

And in case the pro-masker zealots pathetically trot out the fatally flawed Boston school mask study in desperation, rest assured that Ian Miller has successfully laid waste to that one as well.  And so has the ever-insightful Emily Burns, as well as Dr. Tracy Beth Hoeg, one of the authors of the Fargo study. 

Oh, and another study found that masks in HOSPITALS make no difference to infection rates.  Thus, if they don't even work in hospitals with all of their universal multilayered precautionary measures, they simply don't work at all, period.

In any case, regardless of whatever utilitarian arguments one likes to use, it was never actually ethical to force masks on anyone against their will, period, even if there had turned out to be some sort of a modest but significant collective benefit (which there wasn't).  Only a full-blown Machiavellian or a public health technocrat (same difference) could argue otherwise. 

UPDATE 2:  A re-analysis of the infamous Boston mask study has now thoroughly debunked it.

UPDATE 3:  For more on the harms of masks, see here.

UPDATE 4:  And another school masking study can be found here as well, co-authored by the aforementioned Dr. Tracy Beth Hoeg.  Again, surprise surprise, masks STILL don't work.  Period. 

UPDATE 5:  And that's before we get into the toxins that can be emitted from some types of masks, including the vaunted N95.

UPDATE 6:  Pushback works.  Contrary to Carl Jung's famous saying, what you resist does NOT persist, as long as you resist enough.  DO NOT COMPLY!

UPDATE 7:  Looks like masks are even more harmful than we thought, especially for children. 

UPDATE 8:  Looks like masks most likely INCREASE the risk of infection.  Oops!  Maybe the "public health" establishment should have actually thought that one through before forcing them on We the People. 

UPDATE 9:  Looks like St. Louis reversed their mask mandate for city employees within a matter of HOURS.  Again, pushback works.  What you resist does NOT persist.  (Apologies to Carl Jung.)

UPDATE 10:  Again, even more evidence that masks are worse than useless.  Especially for children. 

And finally, see here about the ultimate success of one of the most anti-mask (and anti-lockdown) countries in the world, Sweden.  As a result, we think "Stockholm Syndrome" should really be called "Melbourne Syndrome", because #SwedenGotItRight.

(Mic drop)

Hey FERAL Reserve, Cut Interest Rates NOW!

Inflation is now effectively beaten.  Not only has it cooled significantly, but now the specter of deflation has recently been raised, and has already been seen in the prices of durable goods falling a bit recently.  Oil is also down as well, which has of course led to a recent drop in gasoline prices.  And this is in spite of the ongoing conflict in the Middle East, which otherwise would have raised oil prices, ceteris paribus, due to the resulting geopolitical instability and uncertainty. 

Deflation may sound like a good thing, especially after such a high inflationary episode, but if it persists, it can turn into a downward economic spiral that is far worse than inflation (think the Great Depression, or Japan's three decades of rolling deflation from the early 1990s until very recently).  It also amplifies the sting of debt, and with debt of all kinds at such stratospheric levels today, America needs that like a hole in the head.  Once such a spiral begins and sets in, it is very, very difficult to extricate from.  Not even QE can seem to end it (though giving such "helicopter money" directly to We the People might work). And deflation is, at best, very difficult to control.

So the FERAL Reserve really needs to cut interest significantly, and pause QT, yesterday, before they create a problem that is practically impossible to dislodge.  And if that doesn't work, prepare to not only restart QE, but also implement "QE for the people" as well. say you weren't warned.

UPDATE:  Looks like the Fed decided to stop hiking interest rates, and signaled three interest rate cuts next year in 2024.  So now is the best time to put your money in a CD account to lock in the current rates.

We Reaffirm Our Zero-Tolerance Policy Against Antisemitism (And All Other Forms Of Racism and Bigotry Too)

In the wake of the ongoing Israel-Gaza war following the brutal and barbaric terrorist attack by Hamas against Israel, there has been an outpouring of antisemitism lately from both left and right.  Some of it is ostensibly at least tangentially related to current events, while some of it is simply a "mask off" moment for longstanding hatred against Jews that has always been there but now has come to the surface.  Either way, it is completely unacceptable.  Regardless of how one may feel about current events, there is NO excuse for that sort of bigotry.  And the silence is deafening among those who should know better than to be silent in the face of it as well.

As we have said in the past, we the TSAP hereby vow to NEVER make that sort of mistake by either omission or commission, and hereby condemn antisemitism in the very strongest of terms, just as strongly as we do racism in general.  And the reader is put on notice that we will NEVER tolerate any overt or covert antisemitism in our party, period, no matter how much one tries (in vain, by definition) to dress it up in any sort of leftist or social justice rhetoric.  Bigotry by any other name still stinks.

Therefore, using any of the following red flag words, phrases, or references will get your comments promptly deleted, and severe and/or repeat offenders will be banned permanently:

Obviously, any known slurs against Jews ("y*d", "k**e", "h**b", "Chr*st-ki**er", etc.), or any permutations thereof
Using the word "Jew" or "Jewish" itself as a pejorative or insult
Adding pejorative modifiers such as "dirty", "cheap", or "money-grubbing" to same

Comparing Jews to vampires, vultures, bloodsuckers, parasites, pirates, carpetbaggers, etc.
Blood libel or vilification of any kind
Stab-in-the-back legends vilifying Jews

Claiming that Jews are sinister puppeteers or secretly rule the world 

Claims of divided loyalties 
Calling for violence of any kind against Jews or Israel
Inciting pogroms of any kind

Praising the October 7th terrorist attack
Any Holocaust denial (including "soft" denial or minimization, or JAQ-ing off)
Any Holocaust jokes, or any jokes about gas chambers, ovens, or death squads in relation to anyone Jewish.  NOT FUNNY!

Any Anne Frank jokes
Any other jokes demeaning to Jews

Any praising of Hitler or the Nazis (or neo-Nazis)
Any praising of the KKK or white supremacists or white nationalists, including the "alt-right" and neo-Confederates
Any praising of known Holocaust deniers
Any praising of Hamas or Hezbollah (or al-Qaeda or ISIL, for that matter)
Falsely accusing any Jew of being a Nazi collaborator or kapo, or repeating such unproven or debunked claims
Putting (((triple parentheses))) around anyone's name, as a code for "Jew"
Obsessing over (((George Soros))), for example

"14 (Words), or 14/88"
"311" (unless clearly referencing the band)
"88" (without clear explanation)
"America First" (depending on context)
"Anglo-Israelism" (when giving it any credence)
"The Bad War" (in reference to WWII)
"Cultural Marxism" (as a dog-whistle slur)
"Death to Israel" (or something similar)

"East Coast Liberal Intellectual Elite" (dog whistle)

"False flag" (if allegedly done by Jews or Israel)
"From the river to the sea" (without detailed explanation of what one really means)
"Globalist" (as a dog-whistle slur)

"Globalize the Intifada"

"Glory to the martyrs" (in reference to terrorists)
"Gotta pay the Jews if you wanna sing the blues"
"Hexagram" (instead of "Star of David")
"Heil Hitler", "Sieg Heil", or "Hail Victory"
"Hitler was the good guy"
"Hitler was a socialist"
"Hitler was a Rothschild"
"Hitler was Jewish"
"Hoaxocaust" or "HollowHoax" or any permutations thereof
"Hooknose" (or any caricatures thereof)
"Hymietown"

"Illuminati" (in reference to Jews)

"Infidels" (in reference to Jews)

"Infowars" (in reference to Jewish conspiracy theories of any kind)

"Intifada" (when praising violence against Jews)
"ISIS = Israeli Secret Intelligence Service"
"Israel (or Jews) was behind 9/11"

"Israhell"

"Jew them down"
"Jews caused the financial crisis"
"Jews have us hypnotized"
"Jews killed Jesus"
"Jews own Hollywood"

"Jews own X percent of the wealth"
"Jews will not replace us!"
"Jewish Slave Trade"
"Jewish Cabal"
"Jewish Media (Elites)"
"Judeo-Bolshevism"
"The Jew York Times"
"Khazars"
"Kosher Tax"
"Loy-yahs"

"Lugenpresse"

"Mein Kampf" or "My New Order"
"Money boys up in New York" (dog whistle)

"New York bankers" (dog whistle)

"Octopus" or any images thereof (in reference to Jews)

"Pat Buchanan was right"
"Protocols of the Learned Elders of Zion" (if claiming that this long-debunked canard is true)
"Red Diaper Doper Babies" (RDDB)
"Rootless cosmopolitans" (in reference to Jews)
"Rothschilds" (in reference to conspiracy theories)

"Shylock"

"Shyster" (when referring to a Jew)

"Synagogue of Satan"
"Unite the Right"
"War on Christmas" (when used without irony)
"White Genocide" (conspiracy theories)
"White Power" or "White Pride"
"Winston Churchill was the real bad guy"
"Wipe Israel off the map" (or any variations thereof)

"Work will set you free" (especially in the original German)

"Wrathchild" (as an alternative to "Rothschild")
"You will not replace us!"
"Zionazis"
"Zionist Conspiracy"
"ZOG" (Zionist Occupied Government)
Images of swastikas, Confederate flags, nooses, burning crosses, "Le Happy Merchant" or "Evil Jew" caricatures, or any other recognized hate symbols, period
Any other antisemitic canards or tropes

Please note that anti-Zionism per se, when honestly and seriously included as part of a broader anti-colonial framework, is not automatically prohibited here.  The same goes with supporting some forms of Zionism but not others, and so on.  Criticism of Israel (and/or support for Palestinians) is fine as along as it is nuanced and grounded in reality, but be sure to be specific about exactly which individuals, policies, and/or political parties you are criticizing, and why.  Vaguely using "Zio(nist)" or any permutations thereof as a veiled slur against Jews in general will not be tolerated, and of course the same goes for any specious claims that Israel has no right to exist at all.

For the record, the TSAP supports the "two-state solution", which is shorthand for 1) revert back to the the pre-1967 borders of Israel and Palestine, 2) officially recognized Palestinian statehood for Gaza and the West Bank, 3) end any non-consensual Jewish settlements in Palestinian territories, and 4) both Israel and Palestine have a right to exist, period.  And we have long vehemently opposed Benjamin Netanyahu and his right-wing Likud Party (as well as parties even further to the right still), while also vehemently opposing Hamas and Hezbollah all the same.  Yes, it's entirely possible to oppose both at the same time.

As for criticism or negative views of patriarchal religions, that is fine, but do NOT single out Judaism.  Keep in mind that the most prominent and populous branches of Judaism are typically among the most progressive and least patriarchal of all the Big Five mainstream religions nowadays.

As for conspiracy theories in general, you may share them, but please don't drag the Jews into it, and don't use any dog-whistles either.  Seriously, don't do it!

And while the TSAP loves to criticize the big banks, Wall Street, usury, and oligarchs in general, along with their nefarious system, we ask that you NOT appropriate such ideas for scapegoating Jews or dog-whistling your virulent hatred of same.  Keep in mind that most banksters and oligarchs are WASPs, not Jews.  So let's not pretend otherwise, OK?  That old trope really didn't age very well at all.

After all, as a party that greatly supports Bernie Sanders and Marianne Williamson, both of whom are Jewish, we would really be suicidal to ignore antisemitism on the left, right, or anywhere else on the political spectrum.  In the USA, it has long seemed to be far more prevalent on the right wing, though very recently the "left" unfortunately seems to be stealing the show in that regard. And it has no place in our party.

We ignore it at our own peril, and everyone else's.

Time To Abolish Political Parties

Yeah, that's right.  It's time to abolish political parties in the USA.  And yesterday is not soon enough.

We see the terrible consequences of party politics every single day.  Our nation is more polarized and divided now than any other time since the American Civil War of 1861-1865.  And it shows.  The best we have gotten was gridlock, and the worst is yet to come if we stay on the self-destructive path we are on.

The elephant and jackass duopoly must end.  They are both nothing more than two sides of the very same corporate- and oligarch-owned coin.  

George Washington, the leader of the Founding Fathers and the first President of the United States, famously warned against political parties (or "factions", as he called them) in his Farewell Address.  And he warned against them with the same fervor as he did against "foreign entanglements".  And of course, no sooner did he leave office than did political parties (and foreign entanglements, to one degree or another) become the norm for America.  He must really be spinning in his grave right now!

Just Say NO To World War 3!

It has come to our attention that there is a faction in the USA and elsewhere of largely neoconservatives who are incessantly itching for a hot war with Iran more than ever.  The casus belli this time (as though the warmongers really needed a new one) is 1) that Iran has long supported and funded both Hamas and Hezbollah, which is true, and 2) that Iran's fingerprints are (allegedly) all over Hamas's brutal and barbaric terrorist attack against Israel, which is debatable.  That is in addition to Iran's alleged nuclear weapons ambitions, of course, which was the previous justification, as well as their proxy attacks against American troops in Iraq and Syria.

(For the record, we thoroughly condemn Hamas's brutal and barbaric terrorist attack against Israel, without qualification.)

That said, going to war with Iran directly would be a major strategic blunder for a number of reasons.  First, a ground war and occupation there would be an even worse quagmire than the ill-fated ground wars and occupations in Iraq and Afghanistan.  Secondly, even a predominantly air war, which could set Iran back centuries if we really wanted to, would ultimately create a "failed state" which would be a magnet for extremists in the future.  The inevitable blowback sooner or later would be horrendous to say the least.  As the saying goes, "you break it, you own it".  At the same time, a half-assed war would in fact be the worst of all options in the long run, and any forcible "regime change" will inevitably create a dangerous power vacuum sooner or later.  And finally, a war with Iran would be very likely to draw in Iran's staunchest allies:  Russia, China, and North Korea, three nuclear-armed countries that any sane person does NOT want to get into a hot war with!  That would be World War 3, essentially, and even if it somehow doesn't go nuclear (which is far from guaranteed), it would still be truly horrendous and extremely costly in both lives and resources.  Any "victory" would be a Pyrrhic victory at best.

(Nuclear war is simply too horrible to even contemplate, something no sane person could ever support, period.  But just one miscommunication and it can happen.)

In other words, the USA attacking Iran would not be like cutting of the head off of the proverbial snake, but rather more like a Hydra whose heads will keep multiplying each time one is severed.  OOPS!

At the very least, a three-front war like that (without going nuclear) would NOT be even remotely possible to win with an all-volunteer military for very long.  The Reserves and National Guard can only buy us so much time for what will likely be a very long and bloody war of attrition that would likely dwarf World Wars 1 and 2 and the American Civil War combined.  That's the biggest elephant in the room.  So for all the people who want to go to war with Iran (or any the other aforementioned countries), let's put it up to a vote.  Those who vote "yes", well, greetings, you have just been drafted!  Those who abstained will be next if needed.  Those who vote "no" shall be exempt.  And the vote should be repeated annually to decide whether or not to renew the war effort for yet another year.  And if that is still somehow not enough for a truly existential war that already began and where withdrawal is truly not an option, and a more comprehensive draft is still somehow needed, then draft the billionaires first, then the millionaires, and so on.  It's only fair.

With absolutely NO apologies to the modern-day Ayn Rand disciples who are itching to fight Iran, and yet paradoxically quail at the very thought of personally having any sort of skin in the game themselves.

(Normally I would agree that a country that needs a draft to defend itself deserves to lose, and that in any case they could easily have enough recruits for an all-volunteer military if they simply paid them enough.  And in principle that still remains true.  But a World War 3, due to its inherently massive scale and duration, would kinda be the exception that proves the rule.)

So seriously, warmongers.  KNOCK IT OFF.  Yesterday.  Do everything you possibly can to defuse any impulse to start such a war.  Yesterday.  The life that you save may very well be your own.

QED

We Condemn Hamas' Barbaric Attack on Israel

The TSAP hereby condemns in the strongest possible terms the barbaric attack on Israel by Hamas on October 7th.  There was literally ZERO justification whatsoever to deliberately target innocent civilians (men, women, children, and elderly alike) with such vicious violence like that.  Whoever engages in that sort of evil and inhuman behavior thus acquires an indelible stain on whatever semblance of honor that they may have still had before.  The same goes for those who support or cheer on such vile depravity as well, including, but not limited to, certain ignorant knee-jerk "leftist" fools in the Western world, as well as the predictable garden-variety antisemitism.

That said, the decades-long Israeli-Palestinian conflict has nonetheless been a very complicated and nuanced issue in which both sides have very much blood on their hands, including the blood of civilians. The years-long siege of Gaza by the Israeli occupation is brutal and unjustifiable as well, as is their broader illegal occupation of areas not permitted to be occupied in the original plan that prevailed before 1967.  The fanatical terrorist group Hamas is NOT representative of the Palestinian people in general, no more so than the crooked far-right Netanyahu Likud government is representative of Israeli Jews in general.  Both sides actually have legitimate claim to the Holy Land to one degree or another, and DNA evidence has revealed both Jews and Palestinians to be essentially cousins to one degree or another.  And ultimately, this is not really America's fight.

All of these things can be true without the universe exploding.  And as Mahatma Gandhi famously said, "An eye for an eye makes the whole world blind".

UPDATE:  For the record, the TSAP supports a two-state solution, not a one-state solution of either kind.  We believe two-state solution is the least-worst solution overall.  And now that Israel has indeed responded to the Hamas terrorist attack, we do not support any further escalation (or any other countries entering the war on either side), and strongly recommend a ceasefire or at least a humanitarian pause.  But all of the hostages still need to be released, and perpetrators still need to be brought to swift, certain, and severe justice all the same.

"Never Again" does NOT come with an asterisk.

Too Late To Avoid A Recession, But Let's NOT Make It Worse!

It looks like it is too late to avoid a recession at this point, as some degree of one is already baked into the cake at this point.  Not only are there several big headwinds right now (rising oil prices, rising insurance rates, record-high credit card debt, student loans coming due, Congressional dysfunction, and the prospect of a government shutdown), but the FERAL Reserve has obstinately kept interest rates high at a Fed Funds Rate of 5.25%.  While it may not seem high by historical standards, combined with their Quantitative  Tightening and record-high levels of debt throughout the economy, it can easily feel like the double-digit interest rates of the late 1970s and early 1980s.  Aside from oil (thanks to Russia and OPEC) and a few other things, which interest rate hikes are utterly useless and even counterproductive against, the recent inflation has already been largely defeated, and may soon turn to deflation.  Which sounds great in theory, but in practice is anything but.

While it is most likely too late to avoid a recession at this point, the very least the Fed could do is cut interest rates yesterday and end Quantitative Tightening to avoid an even worse recession or depression.  Don't say you haven't been warned.

UPDATE: As of September 30, the government shutdown was averted, but the issue was really just delayed by 45 days via a stopgap funding bill.  Additionally, as of early October, crude oil prices began falling but diesel fuel remains stubbornly high for a number of reasons such as a refinery crunch.

We Support The UAW Workers' Strike

The TSAP supports the United Auto Workers (UAW) strike against the Big Three automakers.  The CEOs of these companies, who were already making eight-figure salaries, saw a 46% increase in pay for themselves over the past four years, while the workers got a mere 6% increase, not nearly enough to keep up with inflation.  That, along with their ridiculous "two-tier" pay system for older versus newer employees, is basically a microcosm of all that is wrong with the economy today.  So one can see how the management in other industries is starting to get nervous about the "Hot Labor Summer" spreading to those industries as well.  The plutocracy trembles.

Ever since the PATCO (air traffic controllers union) strike debacle in 1981 under President Ronald Reagan, and all the ripple effects in its aftermath, organized labor has weakened dramatically.  Unions had become such pikers with their demands, which only led them to become even weaker in the face of an all-out assault against the working class from the plutocracy and their sycophantic lackeys in government.  But now, after a very long detour, the tide seems to be finally turning for the better.

It's LONG overdue.  What better time than now?

The Elephant In The Room

Excess deaths have become the proverbial "elephant in the room" around the world in the wake of the pandemic.  But what are the true causal mechanisms behind such deaths?  The virus itself, which was more humdrum than was originally believed, can really only be blamed for a fraction of these deaths, and most of those skewed sharply along an age gradient and underlying condition gradient.  The lockdowns and related countermeasures of course contributed to the excess deaths and did far more harm than good.  Ditto for iatrogenic deaths from faulty treatment protocols and denial and censorship of effective ones.

But why were 2021 and 2022 even worse years for excess deaths than 2020?  Well, enter the jabs.  Adding to the mounting evidence against them is yet another new study implicating them in excess deaths in many countries.  The study finds a "definite causal link" between jab rollouts and all-cause mortality in 17 countries, including countries that had barely any measurable Covid at the time the rollout began.  And most notably, the study finds such links for all types of jabs studied (including the inactivated whole virus ones), not just the worst mRNA ones.  And as we already know, deaths are just the tip of a very large iceberg of harm from these things.

At best, it certainly puts the lie to the specious claim of a net lifesaving effect. 

How much more evidence do we need to finally admit the dark truth about what really happened? 

Dear FERAL Reserve: Cut Interest Rates NOW!

With inflation falling to around 3% per the latest report, which is within the normal range for a growing economy, we can safely conclude that the war on inflation has been won.  The dragon may not have been slain, but it has largely gone back to sleep for the foreseeable future.  Supply chains seem to have long since fully recovered for the most part, while most of the inflation since then has been wanton "greedflation" by mega-corporations consolidating and rigging the game (and thus interest rates are the wrong tool for the job).  And potential recession and even deflation clouds seem to be gathering on the horizon as we speak.  Even if there is no recession, keeping interest rates too high for too long can paradoxically increase inflation in the long run, or one could get the two for one special, as Canada unfortunately learned the hard way in the 1980s.  The "therapeutic window" for hiking interest rates to fight inflation is therefore closed.

Oh, and we have another housing bubble ready to burst at any time, apparently. 

So the FERAL Reserve really needs to stand down, stop raising rates, pause Quantitative  Tightening, and start cutting rates yesterday by at least 1% immediately, and eventually to below the inflation rate.  Or at least no later than their next meeting. Mr. Powell seems to be really begging for a recession (or worse) with his relentless tempting of fate!

This is the LAST chance we have to avoid a major financial crisis and severe deflationary recession (or worse), and that's if it's not already baked into the cake at this point.  Because once that happens, monetary policy (at least by conventional means) will be as utterly futile as pushing on a string.

QED

Case Closed: Masks STILL Don't Work

(This is a repost of an article from February 2023, as we thought the reader might need a reminder now in light of current events involving mask zealots.)

A major new gold standard Cochrane review study has come to a conclusion that only the utterly brainwashed would consider at all shocking at this point:  masks don't really work to stop the spread of respiratory viruses.  Never did, and never will.  Not even the vaunted N95.  Handwashing is likely modestly effective, but masks are basically a joke overall, and not a very funny one either.

This concurs with over a century of research that came out overwhelmingly in support of the anti-mask side of the debate.  In fact, by 1919 it was practically settled science that these devices aren't anywhere near what they were cracked up to be, a consensus which prevailed until March 2020.  Then the pandemic narrative took over and turned the science upside down for nearly three years straight, while any studies were to the contrary were systematically file-drawered for far longer than those supporting the narrative.  And now the entire pandemic narrative has collapsed faster than formerly healthy young athletes on the field after being jabbed.

We recently noted how the ever-insightful Ian Miller has so thoroughly debunked, deboned, sliced, diced, and julienned the pro-mask arguments, and laid waste to their utterly scorched remains for good.  And be sure check out the excellent Fargo study from Josh Stevenson et al. about masks for kids as well, likely the very best one yet, with the very least biases or confounding.  Spoiler alert:  masks STILL don't work.  Not for kids, not for adults, not for no one.

Oh, and let's not forget the dreaded Foegen Effect as well.  And other harms as well, see here.  That literally makes masks WORSE than useless.  Jettison them!

To the anti-mask side:  you are now hereby overwhelmingly vindicated, and really always have been in fact.  You have literally passed the biggest functional IQ test in all of modern history.  To the pro-mask side:  we are still waiting for you to apologize.  Yesterday.  And to those who switched jerseys anytime after February 2022 (that is, only when it became socially acceptable to do so), you are fooling no one.

QED

UPDATE:  Some may pedantically point out that "absence of evidence is not evidence of absence", therefore "no one can really say" that masks don't work.  True, you cannot (definitively) prove a negative.  But given the totality of the research and real-world evidence, it would be slothful induction (if not magical thinking as well) to still believe that masks have any sort of net benefit at all. If they did have a net benefit, it would have been self-evident long ago.  We need to see the forest for the trees.

"But...but...they worked in Japan!" See here for a good debunking of that myth as well.

And in case the pro-masker zealots pathetically trot out the fatally flawed Boston school mask study in desperation, rest assured that Ian Miller has successfully laid waste to that one as well.  And so has the ever-insightful Emily Burns, as well as Dr. Tracy Beth Hoeg, one of the authors of the Fargo study. 

Oh, and another study found that masks in HOSPITALS make no difference to infection rates.  Thus, if they don't even work in hospitals with all of their universal multilayered precautionary measures, they simply don't work at all, period.

UPDATE 2:  A re-analysis of the infamous Boston mask study has now thoroughly debunked it.

UPDATE 3:  For more on the harms of masks, see here.

UPDATE 4:  And another school masking study can be found here as well, co-authored by the aforementioned Dr. Tracy Beth Hoeg.  Again, surprise surprise, masks STILL don't work.  Period. 

UPDATE 5:  And that's before we get into the toxins that can be emitted from some types of masks, including the vaunted N95.

UPDATE 6:  Pushback works.  Contrary to Carl Jung's famous saying, what you resist does NOT persist, as long as you resist enough.  DO NOT COMPLY!

UPDATE 7:  Looks like masks are even more harmful than we thought, especially for children. 

And finally, see here about the ultimate success of one of the most anti-mask (and anti-lockdown) countries in the world, Sweden.  As a result, we think "Stockholm Syndrome" should really be called "Melbourne Syndrome", because #SwedenGotItRight.

(Mic drop)