I entered kindergarten when they retired the wheat penny to mark Lincoln’s 150th birthday. At Woodland Elementary in Cleveland, I often was in the last class of teachers who had taught my four older sisters and maybe my mother and my aunts. It was the Eisenhower Era, which marked the end of small-town America. Kennedy’s New Frontier offered us a hope that was dashed by his murder and LBJ’s welfare state, which he sold as the Great Society.
January 20, 2021, the day the new Resident at the White House shut down American energy is the day inflation exploded.
From that day to today, if you ran a business of any kind, keeping the lights on and your buildings heated or air conditioned, manufacturing your widgets, shipping or transporting your goods, feeding your chickens, plowing your fields - whatever business you attended to, your cost of doing business went up over 50%. So you’re now left with two unpleasant options: start laying people off, and/or raise the price of your goods. You also might start borrowing more money to offset the new losses, as many a citizen might have to do now to help make ends meet in this new high-priced environment.
Adding insult to that injury, the Resident and his Democrat henchmen went on a spending spree with tax dollars that don’t even exist, which managed to more than double the National Debt.
America was now officially, unequivocally and undeniably broker than broke, and all companies and ordinary citizens livelihoods were left hanging by a thread.
So, the Resident’s Administration then decides it will fix the problem it created by raising interest rates on the loans people were taking to offset the inflation they caused. So, now people owe more money for those loans in addition to paying more money for energy so they want to take out more money until… the bank runs out of money, and you’re well and truly toast.
“Oh, I know!”, says the Resident, “we’ll bail out a select few Banks we like with more money we don’t have from citizens who haven’t even paid us yet!”
It’s like 3 Card Monty on steroids, moving pretend money around and around hoping no one notices there isn’t any money. But they ARE beginning to realize just that, and it’s gonna get real ugly real fast when they decide they don’t want to play anymore.
My proposed solution:
1. Freeze interest rates
2. Drill, baby Drill
3. Create a law that no President or Congress may unilaterally alter the energy infrastructure of the Nation without Unanimous Consent of the Governed., thereby eliminating the disruptive influence of political party changeovers to the energy sector.
4. END, once for all, every single so-called “green initiative and regulation” that are sucking the life out of every citizen and company on the planet.
And last, but not least, Impeach Joe Biden, just for being Joe Biden, the greatest threat to National Security since, well, Ever.
Can any survive when the government calls the shots? I say we can't. I am not sure we can keep a repulic at this rate. Government interference ruins lives and this nation at every level, but especially the national. Congress will not reign in any branch of the government because all they truly care about in the final analysis is themselves. God bless and aid America!
There are some excellent comments, so I will make this short and sweet. When there is no more cash, or banks for that matter, there will be no more freedoms.
Mar 16, 2023·edited Mar 16, 2023Liked by Don Surber
Something’s got to give and everybody knows it, but what will it be? If these FEDGOV creeps keep pushing like they are now, one outrage piled on top of another, suspended elections in November 2024 will be the least of our worries.
My best idea for a proactive move by people with common sense is for those with children in any FEDGOV supported public school to remove their children from those schools and never allow them to return.
The rot in government and culture is rooted in the rotten public school system. The Frankfurt School communists came to America from Germany (pre-WW2) with the understanding that their ideology was to high-flown for the masses. Their mission in America was to attack capitalist culture through the intellectuals:
“We must organize the intellectuals and use them to make western civilization stink. Only then, after they have corrupted all its values and made life impossible, can we impose the dictatorship of the proletariat.”
And that is precisely what they’ve done. Communist “intellectuals” have taken over school book publishing and school house curriculum. Now, driven by the godless inspiration of that utterly corrupt intellectual class, communist teachers, activists and politicians are literally destroying the bodies and the lives of prepubescent schoolchildren. By now, any parent that has a shred of love or compassion for their child should have already removed them from the public school killing fields.
The banking crisis, the J-6 crisis, the Ukraine crisis, the death-serum (vaccine) crisis, the inflation crisis, etc. Is it really a crisis if that is what you planned? No, it is not. The communists are working to drive the final killing spike into the Rule of U.S. Constitutional Law and the American way of life.
Normal common sense warfare begins with, “Save the women and children first.” Removing children from the deadly public school system would definitely put our enemies on notice.
Or it may be too late. We may have reached the point of Dr. Franklin’s dire prediction of September 17th 1789: “When the people shall have become so corrupt…” That corruption began in the schoolrooms of what was once the finest public education system this old world had ever seen. Such is life.
My reaction to most things that happen these days under Biden and the crooks of the left are that of Jack Nicholson's character in The Two Jakes when someone says to him that the bad guys need to be stopped: "Guys like him don't get arrested; they get streets named after them."
The other story about SVB is how closely it mirrors management at other tech “start-ups.” Silicon Valley is a small and decidedly incestuous community. There are some few very very insiders who are long term investors, heads of investor groups and heads of companies. They are often the ones who just pick winners and not winners.
But there is another set of players who go from start up to start up making money from friends and family IPO shares who seem to never ever actually run a successful company. They just go from high level job to next higher level job without producing anything. It’s a variety of failing upward -their highest qualification is knowing someone in the first category of insiders. (Think Gavin Newsome in the dreaded private sector.) The leadership at SVB was filled with people in this second category of insiders - they just didn’t actually know anything about running a bank. All that risk management and all that.
Just a few months ago the was a discussion because someone had learned their bank’s deposit agreement and thought their bank had sneaked in a provision that allowed the bank to delay withdrawals. This was nothing new, those anti-run provisions had always been there.
Your little red bank passbook reminded me of my grammar school days in the 50's in NOLA. Went to an small all boys school P-8. Weekly we had small brown envelopes for the coins to put in our accounts in a large local (at that time) bank. FDIC guaranteed. I don't remember when I closed the account, probably in high school.
January 20, 2021, the day the new Resident at the White House shut down American energy is the day inflation exploded.
From that day to today, if you ran a business of any kind, keeping the lights on and your buildings heated or air conditioned, manufacturing your widgets, shipping or transporting your goods, feeding your chickens, plowing your fields - whatever business you attended to, your cost of doing business went up over 50%. So you’re now left with two unpleasant options: start laying people off, and/or raise the price of your goods. You also might start borrowing more money to offset the new losses, as many a citizen might have to do now to help make ends meet in this new high-priced environment.
Adding insult to that injury, the Resident and his Democrat henchmen went on a spending spree with tax dollars that don’t even exist, which managed to more than double the National Debt.
America was now officially, unequivocally and undeniably broker than broke, and all companies and ordinary citizens livelihoods were left hanging by a thread.
So, the Resident’s Administration then decides it will fix the problem it created by raising interest rates on the loans people were taking to offset the inflation they caused. So, now people owe more money for those loans in addition to paying more money for energy so they want to take out more money until… the bank runs out of money, and you’re well and truly toast.
“Oh, I know!”, says the Resident, “we’ll bail out a select few Banks we like with more money we don’t have from citizens who haven’t even paid us yet!”
It’s like 3 Card Monty on steroids, moving pretend money around and around hoping no one notices there isn’t any money. But they ARE beginning to realize just that, and it’s gonna get real ugly real fast when they decide they don’t want to play anymore.
My proposed solution:
1. Freeze interest rates
2. Drill, baby Drill
3. Create a law that no President or Congress may unilaterally alter the energy infrastructure of the Nation without Unanimous Consent of the Governed., thereby eliminating the disruptive influence of political party changeovers to the energy sector.
4. END, once for all, every single so-called “green initiative and regulation” that are sucking the life out of every citizen and company on the planet.
And last, but not least, Impeach Joe Biden, just for being Joe Biden, the greatest threat to National Security since, well, Ever.
I’m going for walk now.
Can any survive when the government calls the shots? I say we can't. I am not sure we can keep a repulic at this rate. Government interference ruins lives and this nation at every level, but especially the national. Congress will not reign in any branch of the government because all they truly care about in the final analysis is themselves. God bless and aid America!
There are some excellent comments, so I will make this short and sweet. When there is no more cash, or banks for that matter, there will be no more freedoms.
Something’s got to give and everybody knows it, but what will it be? If these FEDGOV creeps keep pushing like they are now, one outrage piled on top of another, suspended elections in November 2024 will be the least of our worries.
My best idea for a proactive move by people with common sense is for those with children in any FEDGOV supported public school to remove their children from those schools and never allow them to return.
The rot in government and culture is rooted in the rotten public school system. The Frankfurt School communists came to America from Germany (pre-WW2) with the understanding that their ideology was to high-flown for the masses. Their mission in America was to attack capitalist culture through the intellectuals:
“We must organize the intellectuals and use them to make western civilization stink. Only then, after they have corrupted all its values and made life impossible, can we impose the dictatorship of the proletariat.”
And that is precisely what they’ve done. Communist “intellectuals” have taken over school book publishing and school house curriculum. Now, driven by the godless inspiration of that utterly corrupt intellectual class, communist teachers, activists and politicians are literally destroying the bodies and the lives of prepubescent schoolchildren. By now, any parent that has a shred of love or compassion for their child should have already removed them from the public school killing fields.
The banking crisis, the J-6 crisis, the Ukraine crisis, the death-serum (vaccine) crisis, the inflation crisis, etc. Is it really a crisis if that is what you planned? No, it is not. The communists are working to drive the final killing spike into the Rule of U.S. Constitutional Law and the American way of life.
Normal common sense warfare begins with, “Save the women and children first.” Removing children from the deadly public school system would definitely put our enemies on notice.
Or it may be too late. We may have reached the point of Dr. Franklin’s dire prediction of September 17th 1789: “When the people shall have become so corrupt…” That corruption began in the schoolrooms of what was once the finest public education system this old world had ever seen. Such is life.
Insure the $250,000. Anything above? Well; " You made your bed, sleep in it".
Walleye... The best tasting and elusive fish of my Minny should not be compared to TrudeauCastro; the man is making Carp noble again.
Ken Griffin... Globalist funder of Barack Obama and now megadonor of Ron DeSantis...
"Basically, the Fed is allowing the banks that are Too Big To Fail acquire all the assets of these banks for pennies on the dollar."
Again, Potter lives - still!!
"Biden still serves the banks that are Too Big To Fail."
...along with his masters in the CCP.
Someone whose commentary I highly admire posted this in response to a post on my substack:
"I see two ways this ends: one peaceful, the other not so much. But end it will, because things that can not continue won't."
This is a tough one to read, Don, but it is needed. I can only hope enough of my fellow Texans wake up and make TEXIT a reality.
My reaction to most things that happen these days under Biden and the crooks of the left are that of Jack Nicholson's character in The Two Jakes when someone says to him that the bad guys need to be stopped: "Guys like him don't get arrested; they get streets named after them."
The other story about SVB is how closely it mirrors management at other tech “start-ups.” Silicon Valley is a small and decidedly incestuous community. There are some few very very insiders who are long term investors, heads of investor groups and heads of companies. They are often the ones who just pick winners and not winners.
But there is another set of players who go from start up to start up making money from friends and family IPO shares who seem to never ever actually run a successful company. They just go from high level job to next higher level job without producing anything. It’s a variety of failing upward -their highest qualification is knowing someone in the first category of insiders. (Think Gavin Newsome in the dreaded private sector.) The leadership at SVB was filled with people in this second category of insiders - they just didn’t actually know anything about running a bank. All that risk management and all that.
In the end, we will see a bright light and have have one millisecond to think ...FJB.
I told my broker, managing my pension, do NOT under any circumstances buy any government bonds, period , nodda, none!
Actually, both selections in the poll are valid choices. SVB was fiscally unsound for months but nobody seemed to know or care.
Just a few months ago the was a discussion because someone had learned their bank’s deposit agreement and thought their bank had sneaked in a provision that allowed the bank to delay withdrawals. This was nothing new, those anti-run provisions had always been there.
I love your Totally Scientific Poll. It is multiple choice and I can be either correct or correct for each answer?
If FDIC should only cover a maximum of $250k, then what should any company with say 10 or more employees do.
At $50k per year and only 20 employees, that is a payroll of $1,000,000.
Seems risky not having an FDIC solution for these businesses.
Your little red bank passbook reminded me of my grammar school days in the 50's in NOLA. Went to an small all boys school P-8. Weekly we had small brown envelopes for the coins to put in our accounts in a large local (at that time) bank. FDIC guaranteed. I don't remember when I closed the account, probably in high school.