John T. Reed’s news blog

The Fed is finally unwinding the quantitative easing crap that everyone who understands monetary stability knows pushes the U.S. dollar toward high inflation. Quantitative easing means the Fed buying U.S. government bonds with money they conjure out of thin air. That is the modern equivalent of the actual printing presses that ran 24 hours a day in Austria and Germamy during the early 1920s producing their notorious hyperinflation.   The excess money that was “printed” during the quantitive easing from 2009 to date is the increase in assets on the Fed balance sheet. https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm $3T of excess money As you...

The Thai soccer team trapped in a flooded cave horrifies the world. What can I add to the discussion?.Not much. It seems to generally be covered correctly.CO2 levels are rising where the boys and their coach are. They are taking oxygen tanks in there to raise the oxygen levels. Uh, CO2 is heavier than oxygen. if you put both into a confined space, the oxygen will lie on top of the CO2 like oil on water..Furthermore, the cave apparently opens to the surface as evidenced by the boys being able to hear birds. So the CO2 will push the oxygen...

Yesterday, a reader of my debate tactics web article named Ghilman Brock said, .‘Your quote "Similarly, liberals are socialists who want to boss the rest of us around" clearly violates rule 5. 5. False premise: debater makes a statement that assumes some other fact has already been proven when it has not; in court, such a statement will be objected to successfully by opposing counsel on the grounds that it “assumes facts not in evidence.” At the very least, hold yourself accountable to your own list of partisan debate points. Peace, Ghilman’.Yesterday, a 28-year-old open socialist with no money or experience...

The 6/23/18 Wall Street Journal article “Mueller’s Fruit of the Poisonous Tree” is the best executive summary explaining why the conclusion sentence of the IG report on the Clinton email investigation belied the other 568 pages of the report. Google the title to read the article.."We found no evidence that the conclusions by the prosecutors were affected by bias or other improper considerations; rather, we determined that they were based on the prosecutors' assessment of the facts, the law, and past Department practice.".In fact, the report found MASSIVE evidence of bias and hatred by FBI executives and vows to throw...

It is said that the Mayflower was the largest ship ever built. It had to be to fit in all the people who claim their ancestors came over on it..By the same token, has anyone compared the number of room-temperature- and shoe-size IQ asylum seekers from Central America who claim they will be killed if they return to their own country to the actual number of murder victims in those countries..Here is the official criteria for asylum:.“Asylum may be granted to people who are already in the United States and are unable or unwilling to return their home country because...