69 Percent Of Americans Do Not Have An Adequate Emergency Fund

69 Percent Of Americans Do Not Have An Adequate Emergency Fund | piggy-bank-debt | Economy & Business Special Interests

Do you have an emergency fund?  If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country.  I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially.  Back in 2008 when the economy tanked and millions of people lost their jobs, large numbers of Americans suddenly couldn’t pay their bills because they were living paycheck to paycheck.  Now the stage is set for it to happen again.  Another major recession is going to happen at some point, and when it does millions of people are going to get blindsided by it.

Despite all of our emphasis on education, we never seem to teach our young people how to handle money.  But this is one of the most basic skills that everyone needs.  Personally, I went through high school, college and law school without ever being taught about the dangers of going into debt or the importance of saving money.

If you are ever going to build any wealth, you have got to spend less than you earn.  That is just basic common sense.  Unfortunately, nearly one out of every four Americans does not have even a single penny in emergency savings…

Bankrate’s newly released June Financial Security Index survey indicates that 24 percent of Americans have not saved any money at all for their emergency funds.

This is despite experts recommending that people strive for a savings cushion equivalent to the amount needed to cover three to six months’ worth of expenses.

For years, I have been telling my readers that at a minimum they need to have an emergency fund that can cover at least six months of expenses.  It is great to have more than that, but everyone should strive to have at least a six month cushion.

Unfortunately, that same Bankrate survey found that only 31 percent of Americans actually have such a cushion

The June survey also found that 31 percent of Americans have what Bankrate considers an ‘adequate’ savings cushion — six or more months’ worth of money to pay expenses — which means that nearly two-thirds of the country isn’t saving enough money.

That means that a whopping 69 percent of all Americans do not have an adequate emergency fund.

So what is going to happen if another great crisis arrives and millions of people suddenly lose their jobs?

Just like last time, mortgage defaults will start soaring and countless numbers of families will lose their homes.

If you do not have anything to fall back on, you can lose your spot in the middle class really fast.  And in the case of a truly catastrophic national crisis, trying to operate without any money at all is going to be exceedingly challenging.

Just recently, the Federal Reserve conducted a survey that discovered that 44 percent of all Americans do not even have enough money “to cover an unexpected $400 expense”.

That is almost half the country.

And a different survey by CareerBuilder found that 75 percent of all Americans have lived paycheck to paycheck “at least some of the time”.

Unfortunately, in a desperate attempt to make ends meet many of us continue to pile up more and more debt.  According to Moneyish, Americans have now accumulated more than a trillion dollars of credit card debt, more than a trillion dollars of student loan debt, and more than a trillion dollars of auto loan debt.

We’ve racked up $1 trillion in credit card debt — and that’s just a fraction of what we owe. That’s according to data released this year from the Federal Reserve, which found that U.S. consumers owe $1.0004 trillion on their cards, up 6.2% from a year ago; this is the highest amount owed since January 2009. What’s more, this isn’t the only consumer debt to top $1 trillion. We now also owe more than $1 trillion for our cars, and for our student loans, the data showed.

Overall, U.S. consumers are now more than 12 trillion dollars in debt.

We often criticize the federal government for being nearly 20 trillion dollars in debt.  And that criticism is definitely valid.  What we are doing to future generations of Americans is beyond criminal.

But are we not doing something similar to ourselves?

When you divide the total amount of consumer debt by the size of the U.S. population, it breaks down to roughly $40,000 for every man, woman and child in our country.

When someone lends you money, you have to pay back more than you originally borrow.  And in the case of high interest debt, you can end up paying back several times what you originally borrowed.

If you carry a balance from month to month on a high interest credit card, it is absolutely crippling you financially.  But many Americans don’t understand this.  Instead, they just keep sending off the “minimum payment” every month because that is the easiest thing to do.

If you ever want to achieve financial freedom, you have got to get rid of your toxic debts.  There are some forms of low interest debt, such as mortgage debt, that are not going to financially cripple you.  But anything with a high rate of interest you will want to pay off as soon as possible.

And everyone needs a financial cushion.  Unless you can guarantee that your life is always going to go super smoothly and you are never going to have any problems, you need an emergency fund to fall back on.

Yes, you may need to make some sacrifices in order to make that happen.  Nobody ever said that it would be easy.  But just about everyone has somewhere that a little “belt tightening” can be done, and in the long-term it will be worth it.

When you don’t have to constantly worry about how you are going to pay the bills next month, it will help you sleep a lot easier at night.  Many of us have put a lot of unnecessary stress on ourselves by spending money that we didn’t have for things that we really didn’t need.

And now is the time to get your financial house in order, because it appears that another major economic downturn is not too far away.


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War With Russia? The Russians Announce Any U.S. Warplanes Flying Over Syria Will Be Treated As ‘Targets’

War With Russia? The Russians Announce Any U.S. Warplanes Flying Over Syria Will Be Treated As ‘Targets’ | F-18-from-the-Dryden-Flight-Research-Center-Edwards-California-Public-Domain | Military Special Interests US News War Propaganda

Is the escalating conflict in Syria setting the stage for World War III with Russia? On Sunday, a U.S. Navy F-18 shot down a Syrian Army SU-22 near Raqqa. This represents a major escalation by U.S. forces, because this is the very first time that the U.S. military has shot down a Syrian warplane since the civil war began back in 2011. Needless to say, the Russians were not pleased by this at all. In fact, according to the Independent the Russians have just announced that all U.S. warplanes flying over Syria will now be treated as “targets” by the Russian military…

Russia has said it will treat US warplanes operating in parts of Syria where its air forces are also present as “targets” amid a diplomatic row caused by the downing of a Syrian jet.

The country’s defence ministry said it would track US-led coalition aircraft with missile systems and military aircraft, but stopped short of saying it would shoot them down.

A hotline set up between Russia and the US to prevent mid-air collisions will also be suspended.

The Russians have some of the very best anti-aircraft systems on the entire planet, and they would be more than capable of shooting down our jets.

So let us hope that the Russians don’t cross that line, because the anti-Russian hysteria in Washington would go to an entirely new level if footage of U.S. jets being blown out of the sky started running 24 hours a day on CNN, MSNBC and Fox News.

But if U.S. forces keep striking the Syrian military, at some point the Russians are not going to hold back any longer. According to the Washington Post, Sunday’s incident was “the fourth time within a month that the U.S. military has attacked pro-Syrian government forces”…

The Pentagon said the downing of the aircraft came hours after Syrian loyalist forces attacked U.S.-backed fighters, known as the Syrian Democratic Forces, in the village of Ja’Din, southwest of Raqqa. The rare attack was the first time a U.S. jet has shot down a manned hostile aircraft in more than a decade, and it signaled the United States’ sharply intensifying role in Syria’s war.

The incident is the fourth time within a month that the U.S. military has attacked pro-Syrian government forces.

Most Americans have absolutely no idea how close to war we are in Syria. One wrong move and we could easily find ourselves in another war in the Middle East which would be far more serious than the wars in Iraq and Afghanistan ever were.

That is because we probably wouldn’t just be fighting the Syrian government. We would also likely be fighting both Russia and Iran.

On Sunday, Iran escalated the conflict themselves by firing a number of missiles into eastern Syria

Iran’s military said Sunday that it has launched several missiles into eastern Syria, targeting Islamic State fighters in retaliation for the twin attacks that rocked Tehran on June 7.

The strikes are the first time Iran has fired missiles at another country in three decades and represent a major escalation of Iran’s role in the war in Syria.

For the United States, there is nothing to be gained by getting involved in the civil war in Syria. President Assad is definitely a bad guy, but so are the radical jihadist groups that are trying to overthrow him.

We say that we are conducting operations in Syria in order to fight ISIS, but ISIS forces in Syria are on their last legs at this point. If we allowed the Russians and the Iranians to focus on finishing off ISIS in Syria, that would free up U.S. resources to focus on ISIS strongholds in Iraq and elsewhere.

And once ISIS is completely vanquished, what will our policy in Syria be? Will we be dragged into a conflict that the Trump administration has always said that it wanted to avoid? The following comes from CNN

And yet now, as the Trump administration enters its sixth month, the US is being drawn into the very conflict its inaction had been intended to avoid. And as forces the US supports face danger from forces supporting the Syrian regime, the questions will get louder: What is US policy in Syria? And will the fight against ISIS lead the US into a war against Assad?

I will try to explain why things have gotten so complicated in the region.

In 2011, the “Arab Spring” was raging all over the Middle East. Saudi Arabia, Turkey and their Sunni allies in the region wanted to use that “opportunity” to overthrow President Assad in Syria, and Secretary of State Hillary Clinton and her team decided that would be a wonderful idea. So massive protests against the Syrian government were organized, and money and arms were funneled to anti-Assad groups.

Pretty soon a horrible civil war broke out, and it has now raged on for six long years. The Syrian refugee crisis that we are dealing with today is the direct result of this civil war that Hillary Clinton had a hand in starting.

And everything was going according to plan at first. The radical jihadist groups that Saudi Arabia and Turkey were backing were winning, and it looked like Assad was going to lose.

But then Russia, Iran and Hezbollah intervened, and that totally turned the tide of the war.

Saudi Arabia, Turkey and their allies are still absolutely determined to find a way to win the war in Syria, and they see the U.S. as the key. They would love to get the U.S. into the war, but so far the U.S. has been hesitant to get fully involved in another quagmire in the Middle East.

But the Trump administration is unlikely to completely stop operations in Syria either, because Trump very much wants to have a positive relationship with the Saudis.

As ISIS continues to lose more territory, U.S. forces will increasingly find themselves operating in very close proximity to Syrian, Russian and Iranian forces.

We have already had four incidents of conflict between the two sides within the last month, and if we are not very careful we could end up in a major regional war in the Middle East.

So let us hope that cooler heads prevail, because we definitely don’t need another pointless war on our hands.


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‘When I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing’

‘When I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing’ | Ron-Paul-Quote-Facebook | Government IRS Ron Paul Sleuth Journal Special Interests

The quote in the headline comes from Ron Paul, and it should be the goal of every conservative lawmaker in the entire country.  When professional politicians tell you that they are in favor of reforming the tax code or reducing taxes a little bit, essentially what they are telling you is that they are perfectly fine with the status quo.  They may want to tweak things slightly, but in general they are content with big taxes, big spending and big government.  I spent an entire year getting a Master of Laws in Taxation at the University of Florida Law School, and in my opinion the best thing that Congress could do to the tax code would be to run it through a shredder and put it in a dumpster.  As I noted the other day, the tax code is now more than four million words long and it takes Americans about six billion dollars a year to comply with it.  Those that believe that they are offering the American people a “solution” by proposing to tinker with this abominable mess are just fooling themselves.

The only long-term solution that is going to work is to get rid of the entire steaming pile of garbage.  Ron Paul understood this, and we would be very wise to take his advice.  The following is the full version of the quote from the headline above…

“By the way, when I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing.”

If I run for Congress, and I am very strongly leaning in that direction, this is what my position on taxes is going to be.

Of course we are going to have to dramatically change the composition of the House and the Senate in order to get this done, so in the short-term we may have to focus on reducing tax rates and the size of the tax code by as much as possible.

But ultimately, the goal will be to abolish the tax code and the IRS altogether.

We have become so accustomed to an income tax that many of us couldn’t possibly imagine a society without one.  But today there are seven states that do not have one, and that includes very big states such as Texas and Florida.  And from 1872 to 1913, there was no federal income tax.  When a federal income tax was finally reinstituted in 1913, the rates were extremely low.  The following comes from Politifact

The 1913 law imposed a tax of 1 percent on income up to $20,000, for both individual and joint filers. However, exemptions from the tax — the first $3,000 of income for individuals and the first $4,000 for joint filers — meant “virtually all middle-class Americans” were excused from paying, according to W. Elliot Brownlee’s book, Federal Taxation in America. The law also put in place a graduated surtax on incomes above $20,000; the highest rate paid, 7 percent, applied to Americans making more than $500,000 (about $11.4 million in 2011 dollars).

So how did things go for our country during the four decades when there was no federal income tax?

Well, if you regularly follow my work you already know the answer to that question.

That period of time just happened to be the best period of economic growth in U.S. history.

Oh, but we wouldn’t want to change from the way things work today, would we?  After all, the U.S. economy has grown at a blistering average yearly rate of just 1.33 percent over the past decade, and we are actually behind that pace so far in 2017.

If you want a no growth economy and a steadily shrinking middle class, then our current system is perfect for you.

But I believe that we can do so much better.

So how are we going to fund the federal government if we eliminate the income tax?

Well, the truth is that taxing individual incomes accounts for only 46.2 percent of all federal revenue.  The federal government has lots of other ways that it raises money, but of course we wouldn’t be able to keep the massively bloated federal bureaucracy that we have today.  We would need to reduce the size and scope of the federal government to an appropriate constitutional level, and of course most politicians on the left would resist this greatly.

There are some federal agencies and programs that we could completely eliminate altogether.  If it was up to me, the EPA, the Department of Education and the BATFE would be good places to start.  Any essential functions that they are currently performing could easily be absorbed by other agencies.

There are very few politicians in our entire country that will still talk like this, because our leaders have taken us so far down the road toward “a social state” that most Americans don’t even know what “limited government” looks like anymore.

I would like to share with you an old newspaper clipping that was posted to Facebook by Get Involved, You Live Here

‘When I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing’ | Beware-The-Useful-Idiots-Facebook-460x475 | Government IRS Ron Paul Sleuth Journal Special Interests

Over the past several decades, the left has made a tremendous amount of progress toward achieving the goals that Saul Alinsky originally outlined in Rules for Radicals.  Obamacare was a giant step toward federal control over our healthcare system, poverty is exploding as the middle class shrinks, we are nearly 20 trillion dollars in debt, our public schools have become left-wing indoctrination centers, and God has been pushed out of almost every corner of public life.

We should be very thankful that we got Donald Trump instead of Hillary Clinton, but many radical leftists consider Trump to simply be a bump in the road on the way to completely eradicating our way of life.

They want to criminalize what we believe by making it “hate speech”, they want to steal the minds of the next generation by dominating our system of education, and they want to use government institutions and the legal system as tools to completely reshape society in their image.

The only way that we are going to defeat this tyranny is if we stand up and fight for our country, and that is precisely what we are going to do.


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The Worst Financial Nightmare In Illinois History Erupts As State Comptroller Declares ‘We Are In Massive Crisis Mode’

The Worst Financial Nightmare In Illinois History Erupts As State Comptroller Declares ‘We Are In Massive Crisis Mode’ | broke | Economy & Business Special Interests

Margaret Thatcher once said that the big problem with socialist governments is that “they always run out of other people’s money”, and unfortunately we are witnessing this play out in a major way in the state of Illinois right now.  At this point, the Illinois state government has more than 15 billion dollars of unpaid bills.  Yes, you read that correctly.  They are already 15 billion dollars behind on their bills, and they are on pace to take in 6 billion dollars less than they are scheduled to spend in 2017.  It is the worst financial crisis in the history of Illinois, and State Comptroller Susana Mendoza sounds like she is about ready to tear her hair out in frustration

“I don’t know what part of ‘We are in massive crisis mode’ the General Assembly and the governor don’t understand. This is not a false alarm,” said Mendoza, a Chicago Democrat. “The magic tricks run out after a while, and that’s where we’re at.”

It’s a new low, even for a state that’s seen its financial situation grow increasingly desperate amid a standoff between the Democrat-led Legislature and Republican Gov. Bruce Rauner. Illinois already has $15 billion in overdue bills and the lowest credit rating of any state, and some ratings agencies have warned they will downgrade the rating to “junk” if there’s no budget before the next fiscal year begins July 1.

Would you continue to do work for the Illinois state government if you knew that they were this far behind on their bills and that it is doubtful that you would be paid any time in the foreseeable future?

Of course the answer to that question is quite obvious.  As contractual relationships break down, social services are starting to suffer, and there is not much hope that things will take a turn for the better any time soon.

At this point things have gotten so bad that the Illinois Department of Transportation is planning to cease all roadwork starting on July 1st, and even the Powerball lottery is threatening to cut all ties with the state

As reported previously, the state Transportation Department said it would stop roadwork by July 1 if Illinois entered its third consecutive fiscal year without a budget – the longest such stretch of any US state – while the Powerball lottery said it may be forced to dump Illinois over its lack of budget. For now, state workers have continued to receive pay because of court orders, but school districts, colleges and medical and social service providers are under increasing strain.

So what has caused this unprecedented crisis?

At the core, the problem is political.  A tense standoff between a Republican governor and a Democratic legislature has resulted in the state going 700 days without a budget

On May 31, Illinois will have gone 700 days without a budget, an unprecedented political failure. Also on May 31, if a budget is not passed, it could mean that the state could go until 2019—an unimaginable idea, except that senators have already imagined it.

How does a state, led by a successful businessman as governor, a brilliant political strategist in the House, and a consummate dealmaker in the Senate, end up in this kind of political disorganization? Bad political errors led to bad political incentives, and as the problem worsened, so did the political risk of solutions—and what politicians had to ask of their constituents.

This is another example of how deeply divided we are as a nation right now.  Democrats hate Republicans and Republicans hate Democrats, and it is getting to the point where the two parties cannot work together on even the most basic things.

In the end, the state of Illinois is either going to have to cut spending dramatically, raise taxes substantially or some combination of both.  And since the Democrats have very large majorities in both chambers of the state legislature, I wouldn’t count on spending being cut that much.

This is the thing with big government – it always has a tendency to get even bigger.  And the bigger government gets, the more of our money and the more of our freedom it takes away.

That is why I am a huge advocate of dramatically shrinking the size of government on the federal, state and local levels.  Like Rand Paul has often said, I want a government so small that I can barely see it.

When you let government get out of control, what you end up with is a ravenous beast that has an endless appetite for more of your money.  In Illinois, the money is all gone and the beast is desperately hungry for more.

Sadly, what is happening in Illinois is just the tip of the iceberg.  If stock prices start declining from these massively inflated levels, state pension funds all over America are going to be in crisis mode very rapidly.  And a new recession would greatly accelerate the financial problems of a whole bunch of states that are already dealing with huge budget shortfalls.

Unfortunately, experts all over the country are warning that the next major downturn is coming very quickly.  For example, just consider what Bernard Arnault just told CNBC

A financial crisis could be just around the corner, according to the chief executive of LVMH, who has described the global economic outlook as “scary”.

“For the economic climate, the present situation is…mid-term scary,” Bernard Arnault told CNBC Thursday.

“I don’t think we will be able to globally avoid a crisis when I see the interest rates so low, when I see the amounts of money flowing into the world, when I see the stock prices which are much too high, I think a bubble is building and this bubble, one day, will explode.”

There is always a price to pay for going into too much debt.

A financial day of reckoning can be delayed for a while, but eventually bad financial decisions are going to catch up with you.  The state of Illinois is learning this lesson in a very harsh manner right now, and the country as a whole is on the exact same path as Illinois.

I am often criticized for endlessly warning about America’s coming day of reckoning, but you can’t pile up the biggest mountain of debt in the history of the world without paying a price.

Just like the state of Illinois, we will pay for decades of exceedingly foolish decisions, and unfortunately this is going to cause severe economic pain throughout our entire society.


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America Is On The Verge Of Widespread Chaos And Civil Unrest

America Is On The Verge Of Widespread Chaos And Civil Unrest | city-skyscrapers-clock-time-stopwatch-seconds-war | Politics Sleuth Journal Society Special Interests US News

Things will never be the same in America from this moment forward. When 66-year-old James Hodgkinson attempted to gun down as many Republican members of Congress as possible at a baseball field in Virginia, he permanently shattered the notion that we could go back to the way that things used to be in this country. At one time, Republicans and Democrats may have strongly disagreed with one another over the issues, but there was always a certain code of civility that everyone understood and respected. But now that is long gone, and if our politicians and the big media outlets continue to fuel the rising hatred in this country, it won’t be too long before we are dealing with widespread chaos and civil unrest from coast to coast.

Most of the anger and frustration that we are currently witnessing is being fueled by the left. On his radio show yesterday, Rush Limbaugh accused the left of openly promoting violence

“I have been worried for quite a while about the cumulative effect or impact of this constant anti-Trump hysteria everywhere in mainstream media: New York Times, Washington Post, LA Times, CNN, MSNBC, ABC, CBS, NBC,” Limbaugh told listeners.

“It’s hysteria. It’s lies. It’s things that are completely manufactured about Trump personally, about Trump and Russia, about climate change, about any number of things.

“I have been very concerned about what all of this is doing to the average, base Democrat voter. I have sensed them getting more and more fringe and imbalanced, and the evidence for it is everywhere in the things that they tweet. They openly promote violence, and advocate some of the most despicable things happening to their political enemies.”

Someone like James Hodgkinson is not produced in a vacuum. There has been a steady pattern of threats and violence against Republicans since the election, and all that Hodgkinson did was take things to the next level. Breitbart has put out an article entitled “15 Times Celebrities Envisioned Violence Against Trump and the GOP”, and WND published an even longer list entitled “20 times violence threatened, used, in wake of Dems’ political collapse”. When celebrities, politicians and media personalities constantly use language that is seething with hatred, it shouldn’t surprise us when their followers engage in violent acts.

I have warned many times in the past about the civil unrest that is coming, and now many of my fellow conservative commentators are sounding the alarm as well. For example, in the aftermath of the attack in Virginia radio host Michael Savage made the following chilling statement to his audience: “We are at a boiling point. There’s going to be a civil war.”

No American should ever want to see such a thing happen, but the left just keeps getting more and more radical. And even Hillary Clinton recently stated that she has joined “the Resistance”. The following comes from Ann Coulter

Recently, Hillary announced her steadfast opposition to the winning candidate using a military term, saying she’d joined the “Resistance.”

Imagine if Trump lost and then announced that he’d joined the “RESISTANCE.” He’d be accused of trying to activate right-wing militias. Every dyspeptic glance at an immigrant would be reported as fascistic violence.

But the media seem blithely unaware that the anti-Trump “Resistance” has been accompanied by nonstop militaristic violence from liberals.

In recent weeks, I have heard from so many people all over the nation that are extremely excited about the possibility of me running for Congress. But anyone that is considering running for public office these days has to consider the fact that they will become potential targets for violence. For example, just recently one very sick individual actually threatened to hang Utah Representative Jason Chaffetz…

“I feel very safe and secure at the Capitol,” Chaffetz said Wednesday. “We work in a fortress with literally thousands of people to protect us, but once we leave the Capitol, it’s a whole different equation.”

Chaffetz wants U.S. marshals to be charged with assessing threats against members of Congress and securing them in more high-profile and widely attended events.

Chaffetz was the focus of a March death threat in which a Florida man vowed in a voicemail to “hunt your a– down, wrap a rope around your neck and hang you from a lamppost,” according to court records.

Could you imagine if your wife found that voicemail before you did?

But this is what the left is becoming. Because they don’t have any sort of a positive message to offer, they have to resort to threats, intimidation and violence. I have been writing about this quite a bit lately, and it turns out that Rush Limbaugh very much feels the same way…

They don’t have an agenda that’s optimistic and upbeat that they can run on, and they don’t dare be honest about their real agenda. So all they can do is to continue to do what they’ve been doing, and it’s not healthy, it’s not uplifting, it’s not inspiring. It isn’t representative or reflective of any of the traditional American values that for so long have united us. A sense of optimism, a sense of can-do, a sense of unity, a sense of nationhood. All of these things are under assault.

If the left continues to go down this path, the anger and the frustration are going to continue to grow, and eventually cities all over America are going to burn. This is the kind of a scenario that I laid out in The Beginning Of The End, and now it is actually starting to play out right in front of us.

Today, this nation is more divided than it has ever been in my entire lifetime, and I don’t see that changing any time soon. In fact, I expect even more anger and even more hatred as the divisions deepen.

Without each passing year, the left moves even farther to the left. It has gotten to the point where many on the far left actually refer to Hillary Clinton as a “moderate”, which is funny because at one time she was a cutting edge liberal.

On the right, there is an emerging movement to return to the values and the principles that this country was founded upon. So if the left doesn’t like current Republican leadership, then they really aren’t going to like the hardcore constitutional conservatives that are going to start replacing them.

We are in a battle for the soul of our nation, and the future of America is literally at stake.

It is a battle that we cannot afford to lose, because if the left wins there literally will be no viable future for our country at all.


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Source: Alternative news journal

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We Are Getting Very Close To An Inverted Yield Curve – And If That Happens A Recession Is Essentially Guaranteed

We Are Getting Very Close To An Inverted Yield Curve – And If That Happens A Recession Is Essentially Guaranteed | glass-ball-beach | Economy & Business Special Interests

If something happens seven times in a row, do you think that there is a pretty good chance that it will happen the eighth time too?  Immediately prior to the last seven recessions, we have seen an inverted yield curve, and it looks like it is about to happen again for the very first time since the last financial crisis.  For those of you that are not familiar with this terminology, when we are talking about a yield curve we are typically talking about the spread between two-year and ten-year U.S. Treasury bond yields.  Normally, long-term rates are higher than short-term rates, but when investors get spooked about the economy this can reverse.  Just before every single recession since 1960 the yield curve has “inverted”, and now we are getting dangerously close to it happening again for the first time in a decade.

On Thursday, the spread between two-year and ten-year Treasuries dropped to just 79 basis points.  According to Business Insider, this is almost the tightest that the yield curve has been since 2007…

The spread between the yields on two-year and 10-year Treasurys fell to 79 basis points, or 0.79%, after Wednesday’s disappointing consumer-price and retail-sales data. The spread is currently within a few hundredths of a percentage point of being the tightest it has been since 2007.

Perhaps more notably, it is on a path to “inverting” — meaning it would cost more to borrow for the short term than the long term — for the first time since the months leading up to the financial crisis.

So why is an inverted yield curve such a big event?  Here is how CNBC recently explained it…

An inverted yield curve, which has correctly predicted the last seven recessions going back to the late 1960’s, occurs when short-term interest rates yield more than longer-term rates. Why is an inverted yield curve so crucial in determining the direction of markets and the economy? Because when bank assets (longer-duration loans) generate less income than bank liabilities (short-term deposits), the incentive to make new loans dries up along with the money supply. And when asset bubbles are starved of that monetary fuel they burst. The severity of the recession depends on the intensity of the asset bubbles in existence prior to the inversion.

What is truly alarming is that the Federal Reserve can see what is happening to the yield curve, and they can see all of the other indications that the economy is slowing down, but they decided to raise rates anyway.

Raising rates in a slowing economy is a recipe for disaster, but the Fed has gone beyond that and has declared that it intends to start unwinding the 4.5 trillion dollars of assets that have accumulated on the Fed’s balance sheet.

Janet Yellen is trying to tell us that this will be a smooth process, but many analysts are far from convinced.  For instance, just consider what Peter Boockvar recently told CNBC

“They desperately want this to be an easy, smooth, paint-drying type of process, but there’s no chance,” said Peter Boockvar, chief market analyst at The Lindsey Group. “The whole purpose of quantitative easing was to inflame the markets higher. Why shouldn’t the reverse happen when we do quantitative tightening?”

I hope that there are no political motivations behind the Fed’s moves.  During the Obama era, interest rates were pushed all the way to the floor and the financial system was flooded with new money by the Fed.  But now the Fed is completely reversing the process now that Donald Trump is in office.

When the inevitable stock market crash comes, Trump will get most of the blame, but it will actually be the Federal Reserve’s fault.  If the Fed had not injected trillions of dollars into the system, stocks would not have ever gotten this high.  And now that they are reversing the process that created the bubble, a whole lot of innocent people out there are going to get really hurt as stock prices come crashing down.

And if you thought that the last recession was bad for average American families, wait until you see what happens this time around.  As Kevin Muir has noted, it is utter madness for the Fed to hit the breaks in a rapidly slowing economy…

There are a million other little signs the US economy is rolling over, but that’s not important. What is important is the realization that until financial conditions back up, the Fed will not ease off the brake.

To top it all off, the Fed is not only braking, but they are also preparing the market for a balance sheet unwind. This is like QE in reverse.

It’s a perfect storm of negativity. An overly tight Fed that is determined to withdraw monetary stimulus even in the face of a declining economy.

Even if the Fed ultimately decides not to unwind their balance sheet very rapidly, rising rates will still significantly slow down economic activity.

Rising mortgage rates are going to hit the housing market hard, rising rates on auto loans are horrible news for an auto industry that is already having a horrendous year, and rising rates on credit cards will mean higher credit card payments for millions of American families.

And this comes at a time when indicator after indicator is already screaming that the next recession is dead ahead.

Today, an unelected, unaccountable central banking cartel has far more power over our economy than anyone else, and that includes President Trump and Congress.  The more manipulating they do, the bigger our economic booms and busts become, and this next bust is going to be a doozy.

There have been 18 distinct recessions or depressions since the Federal Reserve was created in 1913, and if we finally want to get off of this economic roller coaster for good we need to abolish the Federal Reserve.

As many of you may have heard, I am very strongly leaning toward running for Congress here in Idaho, and one of the key things that is going to set me apart from any other candidate is that I am very passionate about shutting down the Federal Reserve.  I recently detailed why it is imperative that we do this in an article entitled “The Federal Reserve Must Go”.  Central banks are designed to create government debt spirals, and the size of the U.S. national debt has gotten more than 5000 times larger since the Fed was initially established.

If we ever want to do something about our national debt, and if we ever want to get our economy back on track on a permanent basis, we have got to do something about the Federal Reserve.

Anyone that would suggest otherwise is just wasting your time.

The post We Are Getting Very Close To An Inverted Yield Curve – And If That Happens A Recession Is Essentially Guaranteed appeared first on The Sleuth Journal.


Source: Alternative news journal

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Democrats Are Already Using The Shooting Of Steve Scalise To Call For More Gun Control

Democrats Are Already Using The Shooting Of Steve Scalise To Call For More Gun Control | Gun-Statue | Civil Rights Government Government Control Gun Control Sleuth Journal Special Interests

The left never lets a good crisis go to waste. Within hours of the shooting of U.S. Representative Steve Scalise and other Republicans at a baseball field in Virginia, top Democrats were already calling for more gun control. Of course the shooter, 66-year-old James Hodgkinson, is from a state that already has some of the toughest gun laws in the entire nation. And the largest city in Illinois, Chicago, is plagued by rampant gun violence on a daily basis. Alternatively, crime rates tend to be very low where rates of gun ownership are very high. Up here in north Idaho, anyone that would dare to break into homes at night would have a very, very short criminal career. Gun owners are the number one crime deterrent, but liberals still don’t understand this.

Every time an Islamic terrorist or a crazed leftist starts shooting people, the left immediately pounces on it as an excuse to start promoting gun control again. For example, just consider what Virginia Governor Terry McAuliffe had to say just hours after the shooting

Virginia Gov. Terry McAuliffe (D) advocated for stricter gun laws on Thursday after Rep. Steve Scalise (R-La.) and several others were shot on a baseball field in the Washington suburb of Alexandria, Va.

“I think we need to do more to protect all of our citizens,” McAuliffe said at a press conference. “I have long advocated — this is not what today is about — but there are too many guns on the streets. We lose 93 million Americans a day to gun violence. I have long talked about this. Background checks and shutting down gun show loopholes, and that’s not for today’s discussion, but it’s not just about politicians. We worry about this every day for all of our citizens.”

Of course this is complete nonsense, but the truly frightening thing about this is that McAuliffe is very, very seriously thinking of running for president. In fact, from what I hear it is a near certainty that “Bill Clinton’s best friend” will run in 2020 if Hillary Clinton does not.

If many liberals had their way, even the police would be disarmed. But if the Capitol Hill police at that baseball field had not been armed on Wednesday, there would have been nobody to stop James Hodgkinson from killing one member of Congress after another

Sen. Rand Paul, R-Ky., described the chaotic scene to Fox News: “We were like sitting ducks.”

“Without the Capitol Hill police it would have been a massacre,” Paul said, calling the scene “sort of a killing field.”

In fact, Senator Paul believes that “nobody would have survived” if the Capitol Hill Police had not been there to shoot back…

“I can tell you, that I think with absolute certainty, nobody would have survived without the Capitol Hill Police. They saved everybody’s life. Incredibly brave and deserve everyone’s praise, because, with this guy, who knows what his — how heavily armed he was, but nobody else had a weapon. So, he was just killing everyone — he would have. … They deserve our gratitude for saving — it would have been a massacre without them.”

It could have easily been the worst tragedy in the history of the United States Congress. Even with such a quick response by the Capitol Hill Police, Representative Mo Brooks says that Hodgkinson still got off “50-100 shots”

“Behind third base, I see a rifle…I hear Steve Scalise over near 2nd base scream,” Brooks said. “…While all of this is going on, Steve Scalise our whip was lying on the ground near the second base position crawling into right field, leaving a trail of blood.”

Brooks said the gunman was using the dugout as cover and estimated the assailant got off 50-100 shots during the attack on the 15-25 people gathered at the field.

And of course this is far from an isolated incident. In an article earlier today, I noted the string of violent attacks on Republican members of Congress in recent months. The threats, violence and intimidation coming from the left are steadily getting worse, and I strongly believe that security for members of Congress needs to be greatly strengthened. In the past, we mainly had to be concerned about security for the President, the Vice-President and a handful of other really high profile targets, but now every single member of Congress is a potential target.

I also believe that all members of Congress should be allowed to be armed no matter where they travel. Alternatively, a Secret Service detail could be assigned to each one, but that would be quite expensive. What is clear is that the limited security that we have gotten away with in the past for members of Congress simply is not going to work any longer.

James Hodgkinson fully intended to kill every single Republican member of Congress on that baseball field. So if there is anyone out there that disagrees with me, I would ask you to carefully consider this eyewitness account from Representative Mike Bishop

As we were standing here this morning, a gunman walked up to the fence line and just began to shoot. I was standing at home plate and he was in the third base line. He had a rifle that was clearly meant for the job of taking people out, multiple casualties, and he had several rounds of magazines that he kept unloading and reloading it. Firing it.

The only reason—the only reason—why any of us walked out of this thing: By the grace of God, one of the folks here had a weapon to fire back and give us a moment to find cover. Because we were inside the backstop and if we didn’t have that cover by a brave person who stood up and took a shot themselves, we would not have gotten out of there and every one of us would have been hit. Every single one of us.

The bad guys are always going to be able to find weapons, and more gun control is never going to be the answer.

In this case, I am so very thankful for the guns that were at that baseball field, because they saved a lot of lives today.


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The post Democrats Are Already Using The Shooting Of Steve Scalise To Call For More Gun Control appeared first on The Sleuth Journal.


Source: Alternative news journal

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We Want A Government So Small That We Can Barely See It

We Want A Government So Small That We Can Barely See It | Aerial-View-Of-Washington-Public-Domain-700x540 | Government Government Control

We need to fundamentally redefine the relationship between government and the people in this country.  Today, we have become so accustomed to big government that most of us can’t even imagine another way of doing things.  And I am not just talking about the federal government either.  Even in a red state like Idaho, the state government has become a sprawling bureaucracy that requires 3.5 billion dollars a year to keep going.  And all over the country many local governments are “supersized” as well.  But this isn’t the way that our Founding Fathers intended for things to work.  They intended to create a society where government is very limited and where liberty and freedom are maximized.

Back in 2015, U.S. Senator Rand Paul made headlines all over the country when he tweeted that he wanted “a government so small I can barely see it!”

In my opinion, we need 99 more senators that see things the exact same way.

The reason why we want the federal government to be so limited is because there is an inverse correlation between the size of government and the level of freedom and liberty that we are able to enjoy.  In other words, every time government gets bigger, we lose more freedom and liberty.  And when government becomes the center of virtually everything (like in North Korea), the result is nightmarish tyranny.

We have been trained to believe that government should be working to solve all of our problems, but the truth is that much of the time government is the problem.

Those that are constantly advocating big government solutions to everything are actually promoting an anti-liberty agenda.  If we can get people to start understanding this, it will result in an enormous political shift in this country.

We need to start having more conversations about the proper role of government in our society.  Government does have a role, but that role should be very limited.  I really like how Idaho State Representative Karey Hanks made this point just recently…

What is the “proper function” of government? It is debated on TV, social media and election campaigns. Many people don’t care much, as long as they have gas in the car, a paycheck, food to eat and a little spare time. Life is good! How many people actually take the time to vote in any given election?

Laws were established by our Founding Fathers to preserve freedom–not restrict it. They believed laws should be enacted only to protect against physical harm, theft and involuntary bondage. Government should not be a means of compelling citizens to perform acts of charity against their will—“redistribution of wealth” in current terminology.

“Redistribution of wealth” is one of my pet peeves.  The federal government should not be taking trillions of dollars away from some Americans and giving that money to other Americans.

But that is precisely what is happening, and if our Founding Fathers could see what is happening today they would be rolling over in their graves.

Of course the centerpiece of the system is the income tax.  In 1913, a very basic income tax was introduced and most Americans were taxed at a rate of only one percent.  But of course once the progressives get their feet in the door they are never satisfied, and so our tax system has just gotten bigger and more complicated with each passing year.

According to Forbes, Congress has made more than a change a day to the tax code since 2001, and at this point it is nearly four million words long…

How complicated? Since 2001, Congress has made nearly 5,000 changes to the Tax Code. That’s more than a change per day. The Tax Code is now about four million words, nearly as long as seven versions of War and Peace or the novel version of Les Miserables and just under four times the number of words in all of the Harry Potter books put together.

Americans spend approximately six billion hours complying with the tax code every year.

That breaks down to 8,758 lifetimes spent on taxes every 12 months.

How much better would our society be if the American people could spend all of that time on more productive matters?

If I run for Congress, and if I end up winning, one of my long-term goals will be to completely eliminate the income tax.  But we will need a lot more liberty-minded people to win seats in Congress in order for that to happen, and so I am encouraging as many as possible to consider running in 2018.

We also need to dramatically reduce the red tape that is absolutely killing entrepreneurs and small businesses all over the nation.

And it isn’t just the federal government that is doing this.  Sometimes it is state and local governments that are the worst offenders, and I want to share one example with you from right here in Idaho

Miranda Hale, Nadia Saakyan and Micalah Howard are three innovative women who launched a mobile makeup-application business that fits today’s busy lifestyles. The trio came up with an original idea: Bring the make-up studio to help brides feel just a little more beautiful on their special day, no matter the location.

Yet, senseless state regulations ruined the trio’s dream. Idaho rules don’t allow the three to apply makeup anywhere outside of a licensed and inspected beauty salon.

This regulation, and hundreds more like it, were not built for the modern economy. Outdated regulations stifle innovation and kill jobs.

This is the sort of thing that I would expect to see in California, but unfortunately it is happening right here in my state.

If we sit back and do nothing, then nothing is going to change.  The reason why we have so many rules and regulations is because control freaks tend to be greatly attracted to the world of politics.  And once they get into positions of power, they love to lord it over the rest of us and impose as many rules and regulations as they possibly can.

It is time for those of us that believe in constitutional values to rise up and take our country back.  It won’t be easy, but if we want this nation to have any sort of a future at all we have no choice but to act.

The post We Want A Government So Small That We Can Barely See It appeared first on The Sleuth Journal.


Source: Alternative news journal

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2017 Is Going To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy

2017 Is Going To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy | End-Times-Ruins-Apocalypse-Public-Domain | Economy & Business Special Interests

Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry. As you will see in this article, more than 300 retailers have already filed for bankruptcy in 2017, and it is being projected that a staggering 8,640 stores will close in America by the end of this calendar year. That would shatter the old record by more than 20 percent. Sadly, our ongoing retail apocalypse appears to only be in the early chapters. One report recently estimated that up to 25 percent of all shopping malls in the country could shut down by 2022 due to the current woes of the retail industry. And if the new financial crisis that is already hitting Europe starts spreading over here, the numbers that I just shared with you could ultimately turn out to be a whole lot worse.

I knew that a lot of retailers were filing for bankruptcy, but I had no idea that the grand total for this year was already in the hundreds. According to CNN, the number of retail bankruptcies is now up 31 percent compared to the same time period last year…

Bankruptcies continue to pile up in the retail industry.

More than 300 retailers have filed for bankruptcy so far this year, according to data from BankruptcyData.com. That’s up 31% from the same time last year. Most of those filings were for small companies — the proverbial Mom & Pop store with a single location. But there are also plenty of household names on the list.

Yes, the growth of online retailers such as Amazon is fueling some of this, but the Internet has been around for several decades now.

So why are retail store closings and retail bankruptcies surging so dramatically all of a sudden?

Just a few days ago, another major victim of the retail apocalypse made headlines all over the nation when it filed for bankruptcy. At one time Gymboree was absolutely thriving, but now it is in a desperate fight to survive

Children’s clothing chain Gymboree has filed for bankruptcy protection, aiming to slash its debts and close hundreds of stores amid crushing pressure on retailers.

Gymboree said it plans to remain in business but will close 375 to 450 of its 1,281 stores in filing for a Chapter 11 bankruptcy reorganization. Gymboree employs more than 11,000 people, including 10,500 hourly workers.

And in recent weeks other major retailers that were once very prosperous have also been forced to close stores and lay off staff

This hemorrhaging of retail jobs comes on the heels of last week’s mass layoffs at Hudson Bay Company, where employees from Saks Fifth Avenue and Lord & Taylor were among the 2,000 people laid off. The news of HBC layoffs came on the same day that Ascena, the parent company of brands like Ann Taylor, Lane Bryant, and Dress Barn, told investors it will be closing up to 650 stores (although it did not specify which brands will be affected just yet). Only two weeks ago, affordable luxury brand Michael Kors announced it too would close 125 stores to combat brand overexposure and plummeting sales.

In a lot of ways this reminds me of 2007. The stock market was still performing very well, but the real economy was starting to come apart at the seams.

And without a doubt, the real economy is really hurting right now. According to Business Insider, Moody’s is warning that 22 more major retailers may be forced to declare bankruptcy in the very near future…

Twenty-two retailers in Moody’s portfolio are in serious financial trouble that could lead to bankruptcy, according to a Moody’s note published on Wednesday. That’s 16% of the 148 companies in the financial firm’s retail group — eclipsing the level of seriously distressed retail companies that Moody’s reported during the Great Recession.

You can find the full list right here. If this many major retailers are “distressed” now, what are things going to look like once the financial markets start crashing?

As thousands of stores close down all across the United States, this is going to put an incredible amount of stress on shopping mall owners. In order to meet their financial obligations, those mall owners need tenants, but now the number of potential tenants is shrinking rapidly.

I have talked about dead malls before, but apparently what we have seen so far is nothing compared to what is coming. The following comes from CNN

Store closings and even dead malls are nothing new, but things might be about to get a whole lot worse.

Between 20% and 25% of American malls will close within five years, according to a new report out this week from Credit Suisse. That kind of plunge would be unprecedented in the nation’s history.

I can’t even imagine what this country is going to look like if a quarter of our shopping malls shut down within the next five years. Already, there are some parts of the U.S. that look like a third world nation.

And what is this going to do to employment? Today, the retail industry employs millions upon millions of Americans, and those jobs could start disappearing very rapidly

The retail sales associate is one of the most popular jobs in the country, with roughly 4.5 million Americans filling the occupation. In May, the US Bureau of Labor Statistics released data that found that 7.5 million retail jobs might be replaced by technology. The World Economic Forum predicts 30 to 50 percent of retail jobs will be gone once struggling companies like Gymboree fully hop on the digital train. MarketWatch found that over the last year, the department store space bled 29,900 jobs, while general merchandising stores cut 15,700 positions. At this rate, one Florida columnist put it soberingly, “Half of all US retail jobs could vanish. Just as ATMs replaced many bank tellers, automated check-out stations are supplanting retail clerks.”

At this moment, the number of working age Americans that do not have a job is hovering near a record high. So being able to at least get a job in the retail industry has been a real lifeline for many Americans, and now that lifeline may be in grave danger.

For those running our big corporations, losing these kinds of jobs is not a big deal. In fact, many corporate executives would be quite happy to replace all of their U.S. employees with technology or with foreign workers.

But if the middle class is going to survive, we need an economy that produces good paying jobs. Unfortunately, even poor paying retail jobs are starting to disappear now, and the future of the middle class is looking bleaker than it ever has before.

The post 2017 Is Going To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy appeared first on The Sleuth Journal.


Source: Alternative news journal

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‘Julius Caesar’, Antifa And Kathy Griffin All Show That The Left Has Absolutely No Positive Message To Offer

‘Julius Caesar’, Antifa And Kathy Griffin All Show That The Left Has Absolutely No Positive Message To Offer | Julius-Caesar-Donald-Trump-YouTube-Screenshot-1024x576 | Politics Special Interests

The endgame of the radical left is a nation filled with hatred, anger and violence. Is this really a message that the American people are going to embrace? For decades, Democrats have been getting a tremendous amount of mileage out of “divide and conquer” tactics. In other words, they get one group of people to support them by pointing a finger of accusation at another group. Just recently, I published an article entitled “A List Of 100 Things That Liberals Hate About America”, and I could have easily doubled or tripled that list. The left specializes in hate, and the presidency of Donald Trump has been like throwing red meat to a bunch of sharks that are in a feeding frenzy. Lacking any kind of a positive message to share, the left is in the process of self-destructing as they show the entire world how intellectually and morally bankrupt they truly are.

The New York theater group that is producing a twisted version of “Julius Caesar” in which a character that is dressed up just like Donald Trump is viciously assassinated is a perfect example of what I am talking about. The following comes from Piers Morgan

The play portrays Caesar as a tempestuous, petulant blond-haired businessman in an expensive business suit with an American pin flag and over-long ties who takes baths in a gold bathtub.

His wife Calpurnia has an Eastern European accent and wears designer clothes.

So, it’s Donald Trump.

It ends with Caesar/Trump being brutally murdered by Roman senators who fear he has become too power hungry.

Only in this case, the assassins are all women and minorities, two groups that Trump has been accused of marginalising.

By the end of the assassination scene, Trump’s shirt is absolutely soaked with blood, and it is quite obvious that the producers intended to create a spectacle that is as gruesome as they could possibly get away with.

But instead of reacting to this play with horror, many on the left are absolutely gushing over it. For instance, CNN’s Fareed Zakaria actually called it “a masterpiece”.

And despite all of the public outrage that we have seen in recent days, Time Warner, the New York Times and the New York City government plan to continue funding the production.

Even more alarming than “Julius Caesar” is the relentless campaign of violence and intimidation being waged by Antifa. They are supposed to be “anti-fascists”, but instead they employ many of the exact same tactics and methods that hardcore fascists used all the way back in the 1930s. If these radical leftists ultimately have their way in our society, free speech will become a thing of the past. The following comes from a National Review article

Lately, Antifa have emerged as the militant fringe of #TheResistance against Donald Trump — who, they maintain, is a fascist, ushering into power a fascist regime. In Washington, D.C., Antifa spent the morning of Inauguration Day lighting trash cans on fire, throwing rocks and bottles at police officers, setting ablaze a limousine, and tossing chunks of pavement through the windows of several businesses. On February 1, Antifa set fires and stormed buildings at the University of California–Berkeley to prevent an appearance by Breitbart provocateur Milo Yiannopoulos. (They succeeded.) In April, they threatened violence if Ann Coulter spoke on the campus; when the university and local law enforcement refused to find a secure location for her to speak, she withdrew, saying the situation was too dangerous.

In the end, these radicals are doing us a tremendous favor. As the left shows us what they are really all about, the American people are going to be so revulsed by what they see that they will look elsewhere for answers.

So when Kathy Griffin posed for her now infamous photograph with “Donald Trump’s severed head”, she did a tremendous amount of damage to her own political movement.

At first she issued a seemingly heartfelt apology, which was the right thing to do, but shortly thereafter she held an absolutely shameful press conference in which she blamed Trump for ruining her life

In a news conference on Friday, Griffin’s attorney Lisa Bloom accused Trump and his family of “using their power to target her.”

“If you don’t stand up, you get run over,” Griffin said. “What’s happening to me has never happened in this great country. A sitting president of the U.S. … is personally trying to ruin my life forever.”

Bloom said the comedian was contacted by the U.S. Secret Service and said she has retained a criminal lawyer.

“As a result of the first family bullying her, she has been vilified, getting death threats, fired from multiple jobs and had multiple events canceled,” Bloom said.

But of course it wasn’t Trump that ruined her life.

She did that all on her own.

The reason why the left resorts to anger, hate, threats and violence is because they do not have the ammunition to win in the marketplace of ideas.

To the left, more government is the answer to just about every problem. But there is an inverse relationship between government and liberty. The bigger government becomes, the less liberty we have. Every new rule, regulation or law restricts our ability to live our own lives as we see fit in some way, and our founders intended for the federal government to be greatly limited because they wanted a nation where freedom and liberty would be maximized.

So the message of the left is fundamentally an anti-liberty message.

But it is really hard to win over voters with an anti-liberty message, and so that is why leftist politicians have to resort to “divide and conquer” and other tactics that distract voters from the real issues.

And unfortunately, those of us on the right have not always had a clear message because our party has been dominated for way too long by “big government Republicans”. It has been really hard to communicate a pro-liberty message when so many top Republicans have been responsible for growing the size of government on the federal, state and local levels over the past several decades.

In just a few weeks, I am going to release a new book with an exceedingly positive message for America. When it is ready, you will be able to find it on my author page. Yes, we are facing immense challenges as a nation due to decades of incredibly foolish decisions, but that doesn’t mean that we should throw in the towel.

What we really need is a new American awakening. We need to rediscover the Declaration of Independence, the U.S. Constitution and our other founding documents. And we also need to rediscover the values and the principles that this nation was founded upon.

If we will embrace those values and those principles, we will have a chance to become “the land of the free” once again.

But if we continue to embrace the values that the left is trying to impose upon all of us, our future is going to be exceedingly bleak indeed.

 

The post ‘Julius Caesar’, Antifa And Kathy Griffin All Show That The Left Has Absolutely No Positive Message To Offer appeared first on The Sleuth Journal.


Source: Alternative news journal

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