The latest from NY is that they want background checks to buy 3D printers. Can you say overbroad restrictions?
economics
Trois Bés (Three B’s)
When you read that the US is now paying more in interest than it spends on national defense, you can rest easy knowing the facts:
“The Federal Reserve owns a lot of government debt,” Braun said. “The Treasury does pay interest payments to the Federal Reserve, but then the Federal Reserve turns around and gives it back to the Treasury — that alleviates some of the issues.”
So we are just paying ourselves? Oh, nothing to worry about, then. We can just borrow another $30 trillion. It will be fine. Take a look at what the milestones the debt has hit over the past year or so:
| Date: | Amount of National Debt | |
| October 12 | $33.5 Trillion | |
| September 15 | $33 Trillion | |
| July 11 | $32.5 Trillion | |
| June 15 | $32 Trillion | |
| June 2 | $31.5 Trillion | |
| Sept 30, 2022 | $31 Trillion |
This time in 2019, I was posting that the national debt was at $23 trillion. We have borrowed more than $10 trillion in the past 4 years, with a $2 trillion of that being in the last 4 months. The rate of growth in our national debt is exploding.
The debt is growing far faster than the economy. So much for Keynesian economics. We are fast approaching the point where our national debt is 1.5 times the size of GDP. There is no recovering from this. There is no way to pay this off. The only outcome now is economic collapse. The only question is when.
I don’t understand what is going on and why the Feds are on such a spending spree, but what I do know is that this isn’t good. If you look, the US was borrowing about $2 Trillion a year until June of this year. That was scary enough, but there are some serious problems coming up, as this country (with the exception of the pause in the debt ceiling in August) is now borrowing a trillion bucks about every 60 days. This can’t continue, and by definition, anything that can’t continue, won’t.
There is going to be some major inflation coming. Our currency is being devalued like never before. Stock up on the three B’s: Bullets, Beans, Bullion. They are about to become a whole lot more valuable.
Fake News
Not Soldiers
The headline reads:
4,539 soldiers, dozens of fighter planes: The USS Gerald R. Ford arrives in Israel
They aren’t soldiers.
Blog News
Server Maintenance
On October 18, the data center where I maintain my server will be undergoing scheduled maintenance. The websites hosted on my server might experience server interruptions for up to 6 hours.
Humor
Nothin
As of Friday while I am writing this, I have nothing for you today. I am spending the day on Saturday with my grandchildren and won’t have time to write a post for Sunday. So I will leave you with a dad joke:
I once dated a girl with a lazy eye. I broke up with her because I found out she was seeing someone on the side…
War on the Right
Reichstag Insurrection?
More than 1,000 people have been arrested and charged for supposedly trying to overthrow the government on January 6. The FBI has left no stone unturned in identifying every single person who participated that day.
What is curious about this wide ranging investigation is that five men gathered on the National Mall directly in front of the Capitol and erected a gallows, with one of them making a coffee run during its construction to a coffee house blocks away, located directly across the street from the headquarters of the FBI. I am sure that the HQ of the FBI has security cameras on it, yet not one photo of any of these men has been circulated, and not one attempt has been made to identify any of them.
Why not? If the FBI is so fired up about identifying a grandmother whose only crime was walking into the Capitol, looking around, then leaving, why aren’t they making an effort to locate the five men who threatened to kill members of Congress with their material act?
My theory is that the FBI isn’t looking for them because the FBI already knows who they are. They haven’t been prosecuted because they are FBI agents or informants. Read the article at this link, watch the video you will find there, and tell me what YOU think…
Guns
Warning
- Lake City cancelled its civilian output for the year
- Hornady plant has a fire/ explosion.
- Now news comes out that Winchester is also canceling 9mm orders and recalling the ones already in the supply chain.
Prioritize ammo if you haven’t. You have to wonder if this is a coincidence or not.
EDITED to add:
Military
Interesting
The following picture is a reason why we as a nation should stay out of our troublesome meddling.
You have to ask yourself where Hamas dude got himself an M4. I wonder if it recently came from Afghanistan.
EDITED TO ADD: BCE has a better explanation. See comments. My bad. Can’t always hit them out of the park.
Arts and Crafts
Rifle Projects
Thanks to everyone that posted comments to my request for proposed ideas for my next rifle project. I want to take a minute and point out that this is for a build project. Thanks for some of your thoughts on buying M1As, SCARs, or LaRue rifles, but I am not looking for suggestions on BUYING a factory made rifle.
I am building one using what was an 80 percent lower*. I have a number of lowers that have been machined already, and are thus already legally owned firearms. They are waiting to be outfitted with parts and accessories. Building rifles has become a bit of a hobby in itself. Here are the posts on my last build:
- The concept of a skirmish rifle is born, new upper for a DPMS
- DPMS lower/built upper goes to the range
- It morphs into a complete rifle build
- Dealing with faulty machine work
- The completed project
This will result in an off paper, one of a kind rifle that I built myself. Since this is a build on an AR10 receiver, I am looking at a Faxon barrel and a good scope. Trying to play with some other pieces/parts to get a 2 MOA rifle. The last build is hitting 4 MOA with factory ammo. Maybe I can get 2 MOA with the one I have, if I get some better ammo. My direct supervisor at work is a precision shooter that builds his own rifles and handloads. He is hitting 4 inch groups at 700 yards and has said he will give me some of his hand rolled .308 to try out. That should tell me if it’s an ammo issue.
*Note to the fellas at the ATF: This was an 80 percent lower that was purchased and machined prior to you changing the law. As of the date that you passed the ban on homemade lowers, this was already legally a firearm, according to your own definitions. Since ex post facto laws can’t be made and they were legal to create at the time, I am within the law.
So don’t even think about killing my dog, my son, or shooting my wife in the face. Likewise, please don’t come and set fire to my house with everyone inside.