The Left Plot Against Election “Deniers”; How the Federal Reserve Bought Support for Lockdowns; Should the Fed Increase the Money Supply in Response to a Growing Economy?
Eat or Heat: Europeans Already Are Facing Previously Unthinkable Dilemmas
The Left Plot Against Election “Deniers”
“Did you think there was something wrong with the 2020 election? If you do, did you say anything on Facebook about your doubts? You could be in big trouble with the FBI. According to a story in the New York Post, September 14, 2022, “Facebook has been spying on the private messages and data of American users and reporting them to the FBI if they express anti-government or anti-authority sentiments — or question the 2020 election — according to sources within the Department of Justice.
Under the FBI collaboration operation, somebody at Facebook red-flagged these supposedly subversive private messages over the past 19 months and transmitted them in redacted form to the domestic terrorism operational unit at FBI headquarters in Washington, DC, without a subpoena.
‘It was done outside the legal process and without probable cause,’ alleged one of the sources, who spoke on condition of anonymity.
‘Facebook provides the FBI with private conversations which are protected by the First Amendment without any subpoena.’
These private messages then have been farmed out as ‘leads’ to FBI field offices around the country, which subsequently requested subpoenas from the partner US Attorney’s Office in their district to officially obtain the private conversations that Facebook already had shown them.
‘It was a waste of our time,’ said one source familiar with subpoena requests lodged during a 19-month frenzy by FBI headquarters in Washington, DC, to produce the caseload to match the Biden administration’s rhetoric on domestic terrorism after the Jan. 6, 2021, Capitol riot.”
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How the Federal Reserve Bought Support for Lockdowns
Was the Federal Reserve under an unspoken mandate to keep the easy money going during Covid that overrode its mandate to keep inflation under control?
By Michael P Senger
The New Normal
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Should the Fed Increase the Money Supply in Response to a Growing Economy?
[A lesson in economics/money. - JRD]
“Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken.”
“Most commentators believe a growing economy requires a growing money stock because economic growth gives rise to a greater demand for money, which then must be accommodated. Failing to do so will lead to a decline in prices of goods and services which, in turn, destabilizes the economy and leads to a recession or, even worse, depression.”
Most economists believe that economic growth increases demand for money, the supply of gold is insufficient. This belief states that the free market, by failing to provide enough gold, will generate money supply shortages which then destabilize the economy.
“The Meaning of Demand for Money
Demand for a good is not demand for a particular good as such, but rather demand for services the good offers. For example, an individual demands food because food sustains his life and well-being. Demand here means that people want to consume the food to secure the necessary elements that sustaining life. This is not, however, the case with demand for money. According to Murray Rothbard:
‘Money, per se, cannot be consumed and cannot be used directly as a producers’ good in the productive process. Money per se is therefore unproductive; it is dead stock and produces nothing.'‘
Money fulfills the role of medium of exchange by facilitating the flow of goods and services between producers and consumers. With the help of money, various goods become more marketable and can be exchanged for more goods than would occur in a barter economy. Money as a marketable commodity enables this exchange.”
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Eat or Heat: Europeans Already Are Facing Previously Unthinkable Dilemmas
“The European elites that imposed disastrous covid-19 restrictions, along with "green energy" regimes and sanctions against Russia are now seeing the results of their policies.”
“As the citizens of the European Union and the United Kingdom are increasingly struggling to make ends meet due to record levels of inflation, and as the winter draws closer, a serious cost of living crisis is set to spiral out of control. Skyrocketing energy costs, combined with galloping prices for food and other essential goods and services are bound to erase whatever was left of the “middle class.”
Households that were once comfortable, and even had some savings aside, have been placed under severe financial duress already during the summer, and, unfortunately, the worst is yet to come. In what has been dubbed the “eat or heat” crisis, we can expect to see the situation deteriorate even further in the coming months, a development that could have critical and far-reaching implications beyond economics.”