Nobel Laureate Paul Krugman is raising a question in the pages of the New York Times this morning that has been on the minds of Europeans since Donald Trump won the U.S. presidential election on November 8: has America fallen?
Krugman’s column came two days after we had heard the following story from a friend: a few days after the November 8 election, a young man in his twenties got into a cab in New York City heading for John F. Kennedy International Airport. The cabbie asks why the young man is leaving. The student explains that he has been attending a university in New York City but his parents in Germany had called and ordered him to come home immediately. Their exact statement to him was: “leave immediately, America has fallen.”
Hillary and her supporters have vehemently asserted that “seventeen intelligence agencies” agree with the assessment that Russia hacked the election. It might be greater news to the American people to hear that there actually are seventeen such agencies out there. Perhaps Mrs. Clinton or Mr. Obama might explain exactly what they are beyond the CIA, the FBI, the DIA, the NSA, and DHS. Personally, I feel less secure knowing that there are so many additional surveillance services sifting through everybody’s digital debris trail. – James Kunstler, “Deep State Blues”
The public voted with its wallet and truthseeking data reveals that in any election in which the growth in average household real disposable income is less than 3.1%, the incumbent party loses the White House. The study goes back to the 1932 election. Real disposable income growth was well below 3.1% in 2016 and the Democrats lost the White House. It’s really as simple as that, for the most part.
For many people, the holiday season is the most dreaded time of the year. But does it have to be that way? The holidays can be a real pressure point because they tend to magnify our problems. If you are a very busy person, it is likely that you are even busier and more stressed for time during December. If your family relationships are strained, this time of the year can be really tough because there is pressure to interact with family. Other people that feel a deep sense of loneliness often find that it becomes even deeper and more intense around Christmas. And more than anything else, so many people feel like they are missing out on something because their holidays never seem to match up with the glittering ideal that is constantly portrayed in the movies and on television. We are a deeply unhappy nation anyway, but this time of the year just seems to make it even worse.
Many of them say they won’t. And they can’t.
It’s called sticker shock: you look at something that you very rarely buy, and when you see how much it would set you back, you go into shock. This is what is happening with mortgage rates when potential homebuyers figure how much the monthly payment would be for a given house.
On Friday, lenders quoted conventional 30-year fixed-rate mortgages between 4.375% and 4.5% for prime borrowers. While that’s still historically low, it’s up well over half a percentage point over the last four weeks, the highest since April 2014, and up over a full percentage point from many low points during this period.
Forget about tax policies and left-right politics with the coming era of Trump.
The real trend for the direction of the economy is in the rapidly-accelerating transition to a cashless society.
This vicious move by the top of the pyramid to eliminate physical currency is a drastic step towards the near-total control of society.
Already, plastic cards and electronic payments have taken over the trend of many point-of-sale purchases, not to mention the majority of online sales, which are now very significant.
Former CIA Director James Woolsey suggested Sunday that instead of reacting to Russian hacking with cyberattacks or deterrence, the U.S. could lower the price of oil by allowing “methanol with an M instead of just gasoline” for cars.
“Just because cyber is what came at us probably from Russians doesn’t mean we go back with cyberattacks or deterrence or anything. For example, you could take steps to lower the price of oil by letting substitutes in for driving cars, methanol with an M instead of just gasoline. That will drive the price of oil and gasoline down rather substantially,” Woolsey told ABC’s “This Week with George Stephanopoulos.”
As the lily among thorns, so is my true love among His daughters.”
Song of Solomon 2:2
“And the peace of God, which surpasses all understanding, will guard your hearts and your minds, in Christ Jesus.”
The posting will be light from now until the New Year.
There is nothing particular going on with the queen at the moment, so no need for concern.
Rather, I am taking a breather, and profoundly enjoying spending more time with her and her constant cold weather companion, Dolly. I like snuggling the two of them up together in the big chair under some blankets for their afternoon shows on television, The Chew and Dr Phil.