Huge money movement

The National Debt stands at $28.4 trillion as of September 10. When Biden took office 233 days earlier, the debt stood at $27.7 trillion. That is $3 billion borrowed per day, every day of this Presidency, or $34,700 a second. If you want to look at it as money per citizen, the US has borrowed $2,111 for every single person in the nation since Jan 20.

The US government used to publish the public debt to the penny going back decades. They don’t anymore. Some time since Biden was inaugurated, the website has been moved to a new site, and it now only goes back 5 years. Coincidentally to the beginning of the Trump administration.

The Fed has been monetizing the debt for over a decade. Since the debt is being turned into cash, the official public debt is just the tip of the iceberg. Take a look at the increase in the money supply. The M1 money supply is the amount of US dollars in circulation in cash and bank accounts that aren’t savings accounts. The M2 money supply is M1 plus what is in savings accounts, but not including retirement accounts like 401k.

Source: https://www.federalreserve.gov/releases/h6/Current/

Note that the amount of money in circulation (M1) went from $4.289 trillion to $19.445 trillion in just 16 months. That is an increase of $15.2 trillion. The amount in M2 went from $16.076 trillion to $20.564 trillion, an increase of about $4.5 trillion.

So not only did $4.5 trillion get created out of thin air, but $11 trillion shifted from savings to circulation. This means that Americans are cleaning out their savings accounts.

Labor shortage continues

School bus drivers, at least in my area, aren’t full time jobs. The job is only for 4 to 5 hours a day, 180 days a year. A half time job, at best. In Orange County, they are offering a $3500 sign on bonus, and they still can’t get enough applicants, no one even showed up to the hiring event. It’s not just a Florida problem. There is a nationwide shortage of school bus drivers. Massachusetts can’t get enough school bus drivers, so the Governor has activated the National Guard and is forcing them to drive the bus.

School bus drivers aren’t the only shortage. Substitute teachers are short as well.

It isn’t just the public sector. A restaurant in Winter Park has closed its doors after 35 years. Not for lack of business, but for lack of employees. There were only 4 people left who worked there, and no one was even applying for jobs. I have eaten there before, the food was actually quite good.

The left claims that no one wants to return to work because wages are too low. I just don’t buy this one. How can people afford to simply sit at home with no money coming in? The answer is simple: they don’t need the money.

If they don’t need the money, the next question is: Why don’t they need the money? Logic follows that they must either have no bills, or have another source of money to cover those bills. We all know that they must have SOME bills. Food, the cell phones that everyone seems to have, etc.

That must mean that employers have competition. Someone is paying them enough that they don’t need to work. Welfare, combined with food stamps, the $300 a month tax payments for having children, and other monies issued from the public dole are removing the main incentive for working: they don’t need more to live on.

The US government is practically pouring bags of cash out of helicopters. Even businesses are catching tons of cash. Selected businesses, that is. The Biden administration is handing out $482 million to aircraft manufacturing companies, even though they are making trillions.

Here comes the inflation.

Quote of the Day

This one goes to Larry Correia, who as usual, hits one out of the park:

[The Biden Administration] can’t even guard an airport from a bunch of goat rapists, but by golly, they’re going to swagger back to America, say fuck you Separation of Powers, fuck your Three Branches of Government, tear off a big chunk of the Constitution and wipe their ass with it on TV, all in the name of “the greater good”. That’s sure to be a hit!

Go read the whole thing. This rant is epic!

Trespassed

If you are a parent and don’t want your children to wear a mask, don’t go to the school to speak with administration. If you do, the school will be placed on lockdown and you will be banned from going there.

I say this as a former teacher who spent 7 years there: do not put your kids in public school. They do not have your child’s best interests in mind. They only care about funding and political power.

Sweepstakes

Faxon firearms is having a sweepstakes. One lucky person will win:

  • Faxon Firearms Sentry 16″ 5.56 Modern Sporting Rifle (1) with custom Cerakote & Laser work completed by One Off Coating LLC
  • Leupold & Stevens DeltaPoint Pro NV (1) & DeltaPoint Pro Cross Slot Mount (1)
  • TOPS Knives Operator 7 Knife (1), TOPS Trucker Hat (1), Operator 7 T-Shirt (1), TOPS Shot Glass (1)
  • INFORCE WMLx Light (1)
  • OTIS Technology 5.56 Defender Series Cleaning Kit (1)
  • Action Target PT Scout Complete Kit with 12″ AR500 Circle (1)
  • Weber Tactical AR Mag Pouches (2), Trifecta Holster (1)
  • DoubleTap Ammunition 223 Rem 62GR DT Lead Free SC-HP 20rds (6)

click this link

Disclosure: I entered. If you enter, you get bonus entries if you refer other people. That is why I am posting this. Otherwise, I don’t receive a thing.

Escaped

We woke this morning to see a social media post from our friend who was trapped in Kabul. It had no text, but was instead a picture. It was a picture of a bottle of Italian wine, next to a wine glass that was half full. They were both perched on the balcony of a building with the city of Rome in the background.

Our friend made it out.

In another development that has absolutely nothing to do with the above, the CIA announced that the last of their personnel are out of the country, and their base of operations (Eagle Base) was blown up in a controlled demolition.