Minimum wage

A Democrat administration and ‘talk’ starts of an increase in the minimum wage. Whether any action takes place remains to be seen. Something I figured out years ago was that whenever any legislation is put up that might benefit the people, well by golly its always just 1 vote short. Now if its a tax increase or a restriction on our freedoms, well by golly that one just happens to squeak by with enough votes. Amazing how that works.

And like clockwork, talk of a minimum wage increase causes conservative media (FOX, Breitbart, the New American, Federalist) to regurgitate the same old arguments why the world as we know it will end if the minimum wage goes up! Its a job killer! Well you’re not supposed to stay in a minimum wage job! Not every job is worth $15 an hour! High schoolers won’t be able to find a job!

Despite these dire predictions, the minimum wage we’ve had since 1938 never has caused the demise of Western Civilization any time that it has gone up. Quite the contrary. People get off the welfare rolls. It takes away the incentives to hire illegals. The employer pays the wages, instead of having them subsidized by the tax payer. Republicans and business have been crying wolf for 83 years and I’m sick of it.

The minimum wage has been the same since 2009. Congress has had 12 pay raises since then. Corporate profits have been through the roof. Instead of 545 richest people owning half the world’s wealth as in 2009, now its down to the richest 87 people own half the world’s wealth. The pendulum has shifted too far.

“That’s the way it is with capitalism!” No its not, that’s the way it is with corporatism.

How come they never worry about the top tier of CEO’s receiving a $300M compensation package? That’s the new benchmark of when they have “arrived”. Outlandish salaries and benefits to senior management and the board that are company killers. Depletion of capital, no dividends to share holders, no reinvestment towards the future of the company. $300 million would pay 7,500 workers $40K a year. That’s $20 bucks an hour. They’re going to sit there and tell me 1 CEO is worth 7,500 workers? Bullshit.

SEC goes after Redditors

This is the GameStop in Ames at the corner of Lincoln Way and Grand. It represents so much more than gaming. Reddit was formed largely from what I can tell by the gamer generation. Its in their blood. A world I don’t understand, but am learning about. Max and Stacy on YouTube at the Keiser Report have a really good understanding of it even though like me they are 30 years beyond it.

The millennial’s don’t care if they bring the system down. I don’t blame them. A large part of them have no use for “boomers”, they feel they bled the system dry. They’re right. A common phrase at Reddit is ‘YOLO’, you only live once. Millennial’s were stuffed in a daycare or sent to the basement with a video game. From SSA to job opportunities to buying a house, they know they’ve been screwed.

The people on Reddit who make up Wall Street Bets took offense at shorters wanting to bring GameStop down and started buying its stock with a vengeance (well, with a vengeance and options). They were killing the main shorter Melvin Capital when Robinhood said, “You need us to stop people from buying? No sweat.” So Robinhood illegally stopped people from buying.

Its a crime wave with these billion dollar companies on Wall Street and who does the SEC announce today they are going after? The $2,500 Redditor investor! You can’t write this stuff any better. Robinhood, stealing from the poor to give to the rich. Its a coin flip whether this or after the 2001-2003 crash when the SEC decided the answer to financial malfeasance was to put Martha Stewart in prison!

As I heard one guy put it, you have an entire generation of fighting age males with nothing to live for. You should be scared.

Shifting sands

Immediately after November 3 the freedom wing of America’s population was pretty down I must say. But now 3 months later I’m seeing a shift. Trump didn’t pull the curtain back on the Deep State, he ripped it off the curtain rod. All the corruption and illegalities committed in the election came gushing out. The Reddit heroes at ‘wallstreetbets’ did the same thing with the financial community. Wall Street has been a farce for a long time if not forever, and that has been made quite clear.

The King is riding down the street naked, and more and more people see it. Nekkid as a jay bird. We’re getting down to fundamentals. Many such as Max Keiser, who was on the ground floor of bitcoin, think we are at a pivotal moment in history. One of the affects of having the curtain pulled back on the Deep State and the dollar, even the normies are seeing it. They could continue the Big Lie as long as all they had to dismiss were a few “conspiracy nuts”, but when the man on the street sees it…

It always comes down to “follow the money”. Another fundamental that recently collapsed was freedom of speech. When former president Trump was kicked off of Facebook, YouTube and Twitter, that opened some eyes. You couple that with every video released on Biden gets way more Thumbs Down then Thumbs Up, you know he didn’t win. Which brings me to the two nuggets below that I found on Gab:

It is disorienting—in a good way—to encounter a social platform that doesn’t hate us, doesn’t hate Christians; beyond that a social platform whose founder is a brother in Christ who seems eager to promote and platform Christian pastors. Thank you for building this space and for fighting hard to keep it. You were in my prayers this morning as I drove to church. May the Lord of Hosts keep you, protect you from those who hate you and would slander you, and may He be your shield and reward.” – Brian Sauvé

As the suffocating blanket of tyranny settles in on us, let us remember the stages that our evangelical leaders have brought us through: 1.) There will not be any need to fight. 2.) There may come a time when it necessary to fight. 3.) It is too early to fight. 4.) It is too late to fight. This is a post-Christian era.” – Douglas Wilson

I’ve been on Gab for nearly 3 years now. Until recently I hadn’t seen the intellectual heft there that I do now. I don’t have that intellectual heft, but I do have good observation skills. There is something afoot. 50 years ago there was a change in America. I’m sensing another one now. The link above for Max Keiser is to a very good video that explains it.

The millennial’s aren’t stupid. They have been the ‘gamer‘ generation. Its not by accident that GameStop was their first target. That’s what they do. As Stacy explains in that video, their world was games. They’ve been figuring out games since they were 5. They know this is all a game and that they have the ability to bring down Goliath. They have the tech savvy, they have the numbers, they have the anger.

A “free market of ideas” (Gab) can be very powerful. AstroTurfed social media like Facebook and Twitter could crumble overnight as they are built on the sands of censorship (apologies).

2 former Fed Chairs on Citadel payroll

The GameStop saga continues. It just came out new Treasury Secretary and former Fed Chair Janet Yellen is into Citadel for $810,000 lump. Ben Bernanke (former Fed) is actually on their continuing payroll (Citadel, who owns Robinhood, who shutdown the trading of GameStop). With talk of the SEC “unwinding” the GameStop trades and relieving those Reddit users of their millions, for Yellen not to recuse herself from the proceeding as conflicted, is criminal.

What amazes me most about all this, is not that the Deep State fucks over the ordinary Joe, or that the 1% ‘ers on Wall Street fucks over the ordinary Joe, no its that they don’t even bother to hide it anymore! They fear nothing! And Congress (in my case Grassley, Ernst and Feenstra) ain’t gonna do a damn thing! At best they will pass a piece of fluff with no teeth. We’re fucked.

Replace Congress with mannequins!

My genius knows no bounds! Its incredible! Yesterday trading platform Robinhood and others halted trading for GameStop, AMC and a few others. The hedge funds who were short selling them (making money on self fulfilling price declines because of their leverage), had been getting kicked in the nuts by a trading group on Reddit called wallstreetbets. Wallstreetbets had been buying GME for sometime, taking the price from $4 to $400.

Because various hedge funds had made the leveraged bets that prices would fall, they were losing multiples when the price rose. Great stuff. Love it. Sons a bitches like them were trying to make GameStop go bankrupt by taking their stock price to zero. Instead, a snot-nosed group of 20 somethings with a Robinhood app on their smart phone were kicking Wall Streets ass.

Well hold on, the powers that be weren’t going to let Wall Street lose (“private rewards public risk policy”). So they colluded with Robinhood and others to stop trading yesterday. With the inability to buy, the upward momentum of GME halted. Not only that, but they changed the margin rules midday, then said, “Whoa! You’re not in compliance with cash on hand rules, we’re going to sell your holdings!”

The price of GME yesterday was between $112 and $489. Guess when Robinhood did the forced liquidation of their holdings? Yeah, at $118. Their customers lost a rough $370 a share because of this rule change. When Wall Street can’t compete, they just change the rules (kind of like Democrats at election time).

So the point is nothing is going to happen to these Wall Street mother fuckers. The financial press isn’t going to dig into it. Congress isn’t going to do anything. We the people are on our own. That’s when I realized, we don’t need Congress, we need 535 mannequins!

There is nothing more worthless on God’s green earth than Congress. Okay maybe mosquitoes. Mosquitoes and Congress, God’s 2 biggest mistakes. We should replace Congress with mannequins. Think about it. Wall Street is getting away with murder and Congress is not going to do a damn thing. Mannequins wouldn’t do a damn thing either, but there is so much less cost involved with them.

Mannequins don’t need food, security, housing, medical, flying back and forth to their districts, retirements, elections, never a day off. We could just switch wigs on the mannequins every 2 and 6 years and pretend they were different. When the press had questions for them we could just pull a string on the back and they could regurgitate various cliches. The Republican mannequins could say, “I’m going to bring Iowa values to Washington!” The Democrat ones could say, “We’re going to hold corporations accountable!

There wouldn’t be any sex scandals with mannequins. Mannequins don’t take payoffs from lobbyists. When constituents visited Washington think of the photo ops?! Mannequins never have a bad hair day. They always have a killer smile. They always have a flat stomach. All the girl mannequins could look like Barbie, all the boy ones like Ken! Mannequins don’t need huge staffs, just someone to change their clothes every couple a days. I don’t see a downside.

Very interesting!

I’d kind of heard of GameStop, pretty sure I’ve seen them at the malls. I’d kind of heard of Reddit, no idea what it was. Then this morning I hear that the 3 million or so stock traders in a group on Reddit called ‘wallstreetbets’ had kicked a couple of hedge funds in the nuts and made them lose money short-selling GameStop. I cheered.

For the folks at CNBC and Wall Street establishment types, the way the game is supposed to work is you give them money and they give you nothing in return. You’re not supposed to make money, you’re supposed to get fleeced. I am not shitting you, Bloomberg and Barron’s are demanding the SEC protect the professionals from these big bad retail investors! No shit!

Its ludicrous. A bunch of wiz kids in their twenties have learned to beat Wall Street with the aptly named Robin Hood App and a smartphone, and Wall Street goes crying to mommy!

[Today 1/27/21 they halted trading when Blackberry BB rose 42%, can’t have regular people making money. The other 3 wallstreetbets are playing are GME, AMC and NOK. Anytime Wall Street gets kicked in the nuts, its a good day.]

1/27/21 update at 8:00 pm: Reddit closed down the group at about 5:30 pm central. At about 7:30 pm a “subgroup” of it opened back up. For how long I don’t know. A mirror group was opened up on Gab and at ‘Win’ whatever that is. Its reported hedge funds lost $14 billion dollars today. Which is why they lashed out at the Reddit group. One main thrust is that GameStop (GME) is the main thrust and various members of the group are saying Blackberry (BB) Nokia (NOK) and AMC Entertainment (AMC) are distractions. Who can say for sure? Some have suggested the short positions just aren’t there for the last 3.

$28 trillion dollar debt?

When President Trump took over from the Kenyan the national debt was barely under $20 trillion dollars. By the time the ink was dry on his inauguration papers, it was $20,000,000,000,000. I just checked at the National Debt Clock, and its currently $27,824,391,700,432. That’s over a third in just 4 years. You couple more “stimulus” spending with commie Joe’s natural tendencies, and in another 4 years you’re looking at an additional $10 trillion, easy. So by the time 2025 rolls around we’re looking at being within spitting distance of $40 trillion dollars.

There have been debt doomsayers for decades (‘Bankruptcy 1995’). And that was when the debt was at a whole $5 trillion! Has the limit to financial malfeasance finally been reached? Is fiscal Armageddon here? I’d have to say so. O’Bama doubled the debt in 8 years. Trump probably added 38% in just 4 years. You got to figure China Joe beats that without breaking a sweat. I’m beginning to think he could be over $40 T in just 4 years (it will be $30 T by fall).

There has to be a currency reset. The new dollar paying something like 60% on the old. Just the budget deficit is $3.7 trillion. That’s why banks haven’t paid interest for 20 years, if we had to pay interest on top of the debt, the entire system collapses.

[Oh my gosh I just remembered something else! Medicare spending goes deficit in 2024, SSA bleeds red in 2026! It all goes exponential then! I was completely wrong in Biden adding $10 T, its going to be $20 T. I completely forgot that.]

Norms have no idea about any of Hunter’s escapades.

You are hereby banned from joining in ANY reindeer games!

Social credit system” – how many people even know what that means? Its the ultimate Wrong Think retaliation tool first rolled out in China and now coming to some would say their puppet on a string the United States. Especially when you consider the social justice warriors about to take over the American government, Biden and Harris (Harris and Biden?). In China what it came down to is removing economic viability from a persons life.

Oh we don’t kill you, or put you in jail, we just cutoff all ability for you to do business. Imagine: you can’t buy groceries, you can’t rent an apartment, you can’t get a job, you can’t receive medical services. You’re kind of out of luck ain’t ya? Andrew Torba the founder of Gab found this out a while back. Gab was picking up steam and the first thing “they” did was take away electronic payment systems.

People could no longer donate to the ad free Gab through PayPal, Visa, Mastercard and the like. Gab had to turn their Post Office box into their sole fundraising source for awhile. Think about that, the year 2020 and the only way they could raise money was a check by snail mail. Then they turned on Torba personally and denied him and his family the ability to have a credit card. Think about that, we don’t like your political views so we’re going to deny you a credit card??

Its the full realization of “cancel culture” and the libs are loving it. “We will have compliance dammit!” You have complete freedom of thought, as long as we approve. The conservative organizations experiencing this are screaming at their Republican reps to fix this and its not even on their radar. The social credit system is the ‘mark of the beast’ that was prophesied and no one even sees it.

I myself experienced this through First National Bank of Omaha. They decided my NRA Visa card was responsible for mass shootings so they sold my account to another company. And I had the aggravation of setting up a new company. I suppose I should consider myself lucky, I still had a card.

Buy! Buy! Buy!

Darkstore CEO and founder Lee Hnetinka

Darkstore CEO and founder Lee Hnetinka

Hnetinka was interviewed this morning on CNBC. I wonder if Darkstore is “Amazon” 20 years ago, ridiculed as a joke and not taken seriously? Amazon put ‘brick and mortar’ on life support, Darkstore might be the stake through the heart.

Darkstore as I understand it simply provides urban warehousing and ‘last mile’ delivery for online retail partners. They determine what their most popular consumer items are (shoes, makeup, consumer electronics), and Darkstore warehouses it and provides 2 – 3 hour delivery. Not 2 – 3 day ala Amazon Prime, 2 – 3 hour.

Absent teleportation, that’s pretty quick. Hnetinka pointed out that Amazon builds their fulfillment centers in rural areas, already losing transportation time to Darkstore’s urban facilities. But that’s all setup, and not the main point of my post.

Like Amazon and others, what they are all looking towards is automation, AI, drones and contract labor (like Uber, Deliv, TForce, Final Mile). And of course illegals. Its part of a longtime trend American business has had to get people to Buy! Buy! Buy! – but they don’t actually want to provide the jobs so that people have the money to buy their stuff.

Once you’ve screwed everybody out of a job, oh you’ve “brought down costs” alright, you just don’t have any customers left.

“Americans are voting to legalize weed. It’s unlikely the next Congress will do the same.”

Politico had an interesting article this morning about marijuana legalization. Its going gang busters at the State level, yet nothing seems to be happening at the Federal level. Huh. They blame it on “conservative” members of Congress, especially the Senate, that just don’t like marijuana doggone it! I laughed! That’s not the reason of course. If ever a story was leaving out the real motivations. Congress passing up a taxable event? That’s not like them. Passing up another vice that would weaken America? That’s not like them.

The real reason of course is that the marijuana industry is not coming across with the cash. Their companies are run by such incompetent boobs they can barely keep their heads above water, let alone devote the billions necessary in order to get a law passed. Congress, especially the Senate, has their hand out. If any law is going to get passed, palms have to be greased first. Nothing happens in Washington unless there is a transfer of money. Our government is a whoring institution like none other. “Politico” knows this. Look at their name, they know how politics works.

As someone who knows firsthand, the marijuana industry is run by a bunch of dopers so bad at business they’ve managed to go broke selling weed! How do you do that?? Its like not being able to sell chocolate at a fat farm. Hotdogs at a baseball game. Beer at a college campus. You’ve got to be really bad. Just look a little at MedMen, Tilray, Aurora Cannabis and others, their finances suck! All they’ve been is a Blackhole for cash. They don’t have the billions needed to get a Law passed in Washington.

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