Divemedic

Two Economic Plans

What he is talking about is Demand side economics, or Keynesian Economics. Named for Economist John Maynard Keynes, who developed his economic theories during the Great Depression of the 1930s, the chief underpinning of this theory is that the demand for goods and services drives economic activity. Keynes believed that unemployment is the result of inadequate demand for goods and services. To solve this, he believed that governments should increase spending to spur economic activity by artificially creating demand.

The problem with this is that low demand causes a matching reduction in production. If a government tries to spur demand artificially by putting money into the economy, the increased demand in the face of reduced supply sees more money chasing a limited supply, which is a key driver for inflation.

Especially since he is providing the increased spending through application of Modern Monetary Theory. Modern Monetary Theory (MMT). says that government spending can be financed by printing money rather than borrowing. Biden is doing both.

The US government has increased our debt by $1 trillion in the past 57 days. Our debt today stands at $32.8 trillion, and on June 27, it was $31.8 trillion. At the same time, the M2 money supply has increased from $20.5 trillion in the summer of 2021 to $20.9 trillion today.

So we have large scale government spending coupled with an increase in circulating money supply.

That’s Bidenomics.

Biden and the rest of the Keynesians are wrong- demand isn’t the problem. Demand remains strong, as evidence from the credit sector indicates that credit card debt is skyrocketing.

According to recent data from Credit Karma, Gen Z and millennials have experienced a significant increase in credit card debt in the second quarter of 2023. Average credit card debt for Gen Z now exceeds $3,300 — a 4.2% rise — while millennials hiked up credit card debt by 2.5% to an average of nearly $7,000.

This marks the first time since 2001 in which credit card debt didn’t fall in the first quarter. In fact, the only times card debt didn’t fall in the first quarter of the year since the New York Fed report began were 2000 and 2001. Every year since, card debt fell at least a little bit — until this year.

The money in circulation (M1) has decreased from $19.4 trillion to $18.5 trillion, so overall savings are increasing while credit card debt is rising. So the overall savings of Americans is increasing while at the same time credit card balances of GenZ and Millennials is increasing to record levels. This indicates that people born before 1981 are beginning to sit on bank accounts, while those born after 1981 are continuing to spend using credit cards.

So what will happen as a result? Rising interest rates, coupled with increasing credit card balances, will cause increasing credit card defaults and banks tightening up their exposure to risk. We are seeing that already, as numbers from the Fed indicate.

According to the most recent delinquency data from the Fed, the 30-day delinquency rate (or the percentage of total outstanding credit card balances currently at least 30 days overdue) rose from 2.25% to 2.43% in the first quarter of 2023. That’s the sixth straight quarter of increases, keeping rates above 2% for the third straight quarter.

That’s Bidenomics.

By Divemedic, ago

Checks and Balances, Regulation

Pro-gun people have been making a statement remarkably like this for years:

The phrase “well-regulated militia” had a distinctly different meaning in the 1700s and 1800s. It would translate today as “well-provisioned” or “well-supplied” militia.

I could find absolutely no historical support that “regulated” meant well supplied when the Bill of Rights was written in 1791. Using the dictionary found here, specifically  An Universal Etymological English Dictionary by Nathan Bailey (1775), the word regulate means:

  • to set in order, to govern, direct, or guide; to frame or square; to determine or decide

Likewise, in A Dictionary of the English language in which the Words are deduced from their Originals, explained in their Different Meanings, by Samuel Johnson (1792) the definition of regulate is:

  • To adjust by rule or method; to direct

I cannot find a single reference from that period that suggests the meaning of that the term has anything to do with supplies.

So “well regulated” in terms of a militia would mean a militia that was well governed, directed, or guided. In other words, it was in opposition to an irregular military force, which would be one that was not well directed or guided. Regulation has nothing to do with a force being provisioned or supplied.

Officers in 18th century militaries were generally made up of aristocrats. That was why the colonies were so despised for their tactics of hiding behind trees and rocks where they would target and kill the officers.

This is why I was so impressed with Penn and Teller’s interpretation of the wording of the Second Amendment. The framers of the Constitution were well aware that standing armies could be used as a tool of oppression, where a Federal government could use that Army as a bludgeon to control the states. That is why there were so many safeguards against the Union maintaining an Army.

To counterbalance this, the states had the ability to maintain a militia. It is, as the Amendment points out, necessary to a free state. The problem here is that the state can also use that militia to control the people. So the people maintain the ability to keep and bear arms.

The Army is the power of the Federal government. The militia is the states’ check and balance to that. An armed citizenry is the people’s check and balance to the militia.

That is the genius of Penn and Teller’s position.

By Divemedic, ago

An Alternate View on 2A

Penn and Teller had a show called “Bullshit” that was on CATV a few years ago. The premise of the show was attacking people with stupid opinions. They tackled the Second Amendment and gun control in one episode.

An interesting take. The phrase “the right of the people to keep and bear arms shall not be infringed” is there precisely because the state has an armed militia, and the people may someday need to oppose that militia with arms because the state will use it as a tool of oppression.

By Divemedic, ago

Army Tranny

Meet the newest spokesperson for the Ukraine military. Sarah Ashton-Cirillo in a tranny CIA informant and “Progressive Activist” who believes anyone on the right should be thrown in prison.

Pictured: Delusional Phaggot

The Kyiv Post on Thursday tweeted that Sarah Ashton-Cirillo “has become one of the speakers for the Defense Forces,” and his work for Ukraine was soon praised in statements from Ukraine’s Ministry of Defense and Hanna Mailar, a Ukrainian deputy minister of defense. Remember that Ukraine’s President also wants to replace a statue of Catherine the Great with one of a gay porn star.

This shit just makes me want to see Russia win.

By Divemedic, ago

It’s Already Begun

I sent a request to Miguel yesterday, asking him if he would be so kind as to tell us of any first hand experience or memories of what a communist revolution looked like from his own past. He was kind enough to oblige- please give it a read. His response got me to thinking. Here are some key events that historians of the future may look at:

My contention is and has been that the communists have been following the CIA Insurgency Manual (pdf warning), which I have been pointing out now for three years. The historians of the future will argue on when the exact date was, but I believe that the communist revolution began more than a decade ago. Antifa has a heavily supported and organized command structure. They have organized it under the US military’s model.

Communist overthrows happen in phases. I did a three part series on that back in 2020. Phase I (pre-hostility or incipient phase) corresponds to infrastructure development plus initial recruiting, organizing, training, and equipping of combat elements. I believe that phase began during the Obama administration. By the time Trump was inaugurated, we saw the beginnings of phase 2.

Phase II (guerrilla warfare phase) is the first level of armed violence. Irregular forces engage in sabotage, interdiction of communication and logistics links, assassination, and selective attacks against government forces. Insurgents expand their secure base areas and, where possible, link them to form strategic enclaves of political autonomy. The Antifa (they weren’t known by that name yet) riots at the 2017 Trump inauguration, and the gunning down of Republican congress members, I believe marked the beginning of Phase 2.

Phase III is the “crisis” phase. The crisis state distinguishes resistance movements from social movements. Scholars have identified signals of this crisis state to include a decisive loss of legitimacy by the government, financial collapse, breakdown in authority, strong symbolic actions, and perception of dual sovereignty or provisional authority, among others. It begins modestly- assassinations, disappearances, unexplained deaths that aren’t fully investigated, and seemingly random attacks.

I believe that we entered phase 3 with the beginning of the Pandemic lockdowns. It was these lockdowns that enabled the leftists to take hold of our voting mechanisms and overthrow the republic. What we have now is no longer the government that we had. Make no mistake, the 2020 election was the coup. Our President was overthrown.

Once the last phase begins, totalitarian elites let loose their inclination to brutally eliminate their perceived enemies. Once this phase begins, things happen very quickly. The new government is a fragile one, and is prone to counter revolutionaries who would take power for themselves. They have to be eliminated.

Violence is considered a means to achieving the goal of centralized power. There is not even a pretense of due process or respect for free speech. Yes, there are pretexts given for eliminating perceived enemies, excuses that have the perpetrators projecting their own intentions upon their victims, but the accusations are merely for show. I believe that is where we are now. That is why Trump and his team have to go. They will be disgraced and imprisoned. To kill them outright would create a martyr and a rallying cry. To toss him in prison, where he can either rot or be Epsteined will not be as dangerous for them.

After the big fish have been eliminated, other people who can organize resistance will be targeted. That is why I keep an eye on fish that are bigger than I. Once the system begins rounding them up, this blog will come to an end. The time for talk will be over, because talking will be too dangerous. Soon, our elections will look like this:

By Divemedic, ago

Show Trials and Conspiracy Theories

The joke is that the difference between a conspiracy theory and current events is a matter of months. Remember back in 2016, there was a “conspiracy theory” that the Clintons were a part of a child sex ring being run out of a pizza restaurant? It was called Pizzagate, and an ABC reporter supposedly “debunked” it.

A year later, the QAnon theory came into being as a follow on result of Pizzagate. QAnon centers on claims made by an anonymous individual or individuals known as “Q”. The belief is that a cabal of Satanic, cannibalistic child molesters are operating a global child sex trafficking ring which continues to conspire against Donald Trump. The press is claiming that the entire QAnon theory has been debunked as being false. To be honest, I never believed the story, because it just seemed too far fetched to me. I should have known better. As a teacher in 2016, I was instructed to teach the agenda in the following flyer by my school. I refused.

Now here we are, a few year later and the reporter who supposedly debunked the Pizzagate story just pled guilty to sexually abusing children. The 53 year old reporter admitted to distributing and possessing thousands of child sexual abuse pictures and videos, including a disturbing video of an infant being sexually violated.

So the people who have been doing the debunking of child sex ring stories are child molesters themselves. That makes it a lot harder for me to believe that stories like QAnon were totally false. Now it has become blindingly obvious that there was never a plan for Trump to expose and arrest the conspirators- I think that part of it was a disinformation campaign that was used to make the rest of the story seem like a loon’s delusional fantasy.

I just don’t think that Trump ever had what it took to play that kind of 4D chess. The problem with Trump is that he never has realized just how much of a neophyte that he is when it comes to Beltway politics, and he obviously trusted a lot of people that he had no busy trusting. The rot and corruption goes much farther than anyone suspected. Trump was playing 4D chess, and the conspirators weren’t playing games at all. The only reason why Trump even became President is that he caught them by surprise. That’s why HRC was so pissed. She had been selected.

This ties in to the current indictments of President Trump. The Democrats aren’t hiding it any longer. They are going to stop at nothing to maintain power. There is absolutely no way that Trump will ever become President again, no matter how you vote. They don’t want to make a martyr out of him, but they will if they have to.

Remember in the lead up to the 2020 elections? Biden wasn’t even campaigning. Why? Because they KNEW that they were going to win, so there was no need to campaign. I spotted the trend months before the 2020 election, but I didn’t see just how far they would go. Even then, other bloggers called me crazy when I said we were seeing a communist coup.

I am seeing the same pattern happening now. Hunter and Joe Biden are getting away with obvious crimes. Not even an investigation. Trump is going to be barred from office. They know what is coming next. I just find it hard to believe now that there isn’t a grain of truth to the claims made by QAnon.

By Divemedic, ago

ALERT: Universal BG Check EO Coming

From the GOA and from Breitbart news: President Biden is set to announce a new rule going into effect. Universal background checks will be going into effect for ALL firearms transactions. Any firearm that changes hands will soon require a background check, per a soon to be issued executive order from Biden.

How can Biden do this? A unique reading of changes made to 18 USC 921 that were made by the “Bipartisan Safer Communities Act” when Biden signed it into law on June 25, 2022. Yes, the word “bipartisan” is actually in the law’s title. The Republicans sold gun owners down the river. The law’s sponsors were none other than Florida’s Marco Rubio and Rick Scott.

Here is what the law did:

Section 12002 of the BCSA amends a subparagraph of the GCA definition of “engaged in the business” as it pertains to federally licensed firearms dealers, by striking the language “with the principal objective of livelihood and profit,” and replacing it with “to predominantly earn a profit.” As amended, the definition at
18 U.S.C. §921(a)(21)(C) reads as follows:
[“Engaged in the business,”] as applied to a dealer in firearms, as defined in section 921(a)(11)(A), [means] a person who devotes time, attention, and labor to dealing in firearms as a regular course of trade or business to predominantly earn a profit with the principal objective of livelihood and profit through the repetitive purchase and resale of firearms, but such term shall not include a person who makes occasional sales, exchanges, or purchases of firearms for the enhancement of a personal collection or for a hobby, or who sells all or part of his collection of firearms.

(text that was added is in bold, text eliminated is struck through)

By choosing to interpret it in a way that is most restrictive, this EO will direct the ATF to consider anyone who sells a firearm for more than they bought it for as being an unlicensed dealer. In one fell swoop, they have virtually eliminated all private sales. This also explains why the ATF has such a hard on for kitchen table dealers as of late. Read the entire thing here. (pdf warning)

An article released by the New York Times today is reporting that, “The regulations required to put the new law into effect — expected to be released soon — would require anyone who earns a profit from selling firearms to obtain a federal license and conduct background checks. Previously, dealers were required to join the federal system only if they derived their chief livelihood from selling weapons. Failing to register carries a penalty of up to five years in prison and $250,000 in fines.”

This is huge. In one fell swoop, the Biden administration has enacted the most sweeping change to gun control law in decades. The rules will be backed up by a renewed push to prosecute businesses that refuse to register by accessing bank records, storage unit leases, and other expenses associated with running an off-the-books gun business.

Make no mistake- if this is in fact the case, we are looking at a national firearms registry, and the only real purpose for registration is confiscation. It’s plain that the left is looking to completely circumvent Congress and will simply use executive orders and the administrative rule making process to create whatever laws and regulations that they wish, and in this case they were helped out with the help of Republican Senators.

I have said it plenty of times before- Just because the Democrats are your enemy doesn’t make Republicans your friend. Again and again, we see that Republicans only SAY that they are pro Second Amendment during election time, but then sell us down the river once they get our votes. Now they have figured out that the way to stay in power is to do what you are told. All Republicans care about is staying in power, and the writing is on the wall- play music to the tune dictated by the Left, or they will make sure you are gone. So Republicans are selling us out.

Things are going to get a lot worse before they get even worse. The year 2024 is going to be a cast iron bitch.

By Divemedic, ago