BATR Déjà vu

Sunday, March 19, 2017

Déjà vu - Strappado Wrack - Raising the Debt Ceiling Avoids the Spending Addiction

The latest example of political hyperbole is that the U.S. Treasury is ready to default on its debt. An actual examination of the underlying facts is that the relative purchasing value of the currency has long ago swindled debt holder in U.S. Bonds of their promised returns. A default defined under this definition is part of the equation. Repudiation of the entire debt obligation is the real fear. Contrary to all the public scare tactics that the financial world will stop turning, the Federal Treasury has ample revenue to pay the interests on bonds and notes that come due. The essential issue is whether the new bond lenders are willing to roll over the debt that is coming due and keep the shell game going.

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Sunday, March 12, 2017

Déjà vu - View from the Mount - A Bubble Ready to Pop?

A storm is on the horizon.  Just because it’s another hurricane season, the tempest ready to engulf will not be tracked by eyes in the skies.  A forecast for this whirlwind won’t be made on the weather channel or by a meteorologist.  The climate that triggers this downpour is financial.  The causes for this calamity have been brewing for decades.  The major fronts that push the airstreams toward disaster are well known.  Balance of trade deficits, federal debt financed by foreigners, soaring government liabilities, loss of viable wages for domestic employment and offshore exodus of any job that improves the bottom line of transnational corporations.  But have you heard of the other gusts that will blow your house down?  

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Sunday, March 5, 2017

Déjà vu - Radical Reactionary - Nelson Mandela the Myth and the Reality

Seldom does a cultural test so clearly delineate the rational from the imbeciles. The interminable eulogizing of Nelson Mandela is an unambiguous sign of the lack in historic perspective and understanding that passes for public consensus. The mass media would have you believe that Mandela is a hero, when the evidence and particulars tell a very different story. Let no fact get in the way of making a New World Order icon. Simply put, the elites created Communism as a step towards imposing a universal authoritarian dictatorship.

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