Sunday, May 31, 2020

Burn. It. The. Fuck. Down. Our Rotting, Corrupted, Bloated, Failing Status Quo Must Burn

Rome is burning. Riots are flaring up across the nation after months of lock-down and further impoverishment mandated by our elites in response to the Wuhan virus "scare."

The Burning of Rome
Like everything else, our ruling elites and their corporate masters get things mostly wrong (which is the best reason for small and local government). The death rate of the Wuhan virus is somewhat greater than the common flu, and it does seem somewhat more contagious. Our Wuhan Virus death toll has now reached 100,000 (which surely includes regular flu deaths in these recent months?).  But few people are aware that 40,000 people died of ordinary flu this past winter season (and no lock downs). Hell, 67,000 people died in 2018 due to opioid overdoses (the last year of known statistics). We should re-label opioid overdose deaths as "deaths of despair."

Despair is the current state of much of our country. Our young people are ready to embrace Socialism or anything BUT what we currently have. Who can blame them? Young people today have little prospect of affording a house, a car, their own apartment, health insurance or a college education --- as the prices of these important things are inflated to extremes by our Central Bank/Big Government cabal and their sponsored monopolies. Everything in this country is a scam, a racket, a fraud or a hustle.

What we have is not capitalism, as failure is not allowed. Instead,every "connected crony" is bailed-out.  What we have is just crony capitalism, not unlike Russia or China.

So strip-mined is our phony economy that wages are peanuts compared to the rising cost of living. Our next generation is royally screwed. The only thing they can look forward to are rides on Uber and a vastly overpriced I-phone. They have no other hope. Even worse, our next generation doesn't even know the hope that is to be found in our great, but now shriveled, religious traditions.  Atheism=Ignorance=Despair (see here).

And all this economic damage is due to nearly non-stop "emergency" doses of easy money (super-cheap debt) for the elites, wealthy speculators and corporations that own the government -- all since 2008.  So when the Fed "prints" it buys bonds, $trillions of those proceeds are placed on-deposit at the big Wall Street Banks. Since big banks are just giant hedge funds, thanks to the repeal of Glass Steagall in 1999, the bankers take some of those $trillions and put it into the stock market. This is the mechanism that the Federal Reserve and the Treasury use to boost equity prices.

Fast forward to now, like 1999/2000, stock market "pumping" is so extreme that any stock valuation norms are now discarded and speculators are having a fun run of rising equities while the economy is literally in "Great Depression" condition. We have a huge bubble market relative to the real economy. Ominously, Millenials are chasing this market now.

What we learned in December, 2018 and recently is that the markets of corporation credit, high yield credit, ETFs, muni-bonds and stocks are now one $100 TRILLION uni-market that goes up together or crashes together. I noticed this in March 2020 and Dec 2018 when the markets started collapsing, ALL of these markets collapsed together. The "uni-market" is now too big to fail! Pension funds live or die with this uni-market too. This is why the authorities are desperate to re-inflate "it." "It" is a monster bubble that can't be allowed to fall or it takes down the entire world economy.

I was watching a new, interesting and frankly disgusting documentary about Jeffrey Epstein on Netflix the other day. I realized that Epstein, and his nearly unstoppable decades of crimes and rapes is the result of our rotten, corrupted financial system that has now corrupted everything beyond belief. Epstein was able to pay-off or bribe every official at every level of government to make serious charges go away. His victims were left dangling in the wind until the very end. Money kept his corruption under wraps, like it does for countless others. Cough..Clinton..Cough..

Epstein got his initial millions or billions starting at the infamous organization of "financial system-gamers", scammers and defrauders known as "Bear Stearns" in one of the many capitals of financial parasites: NYC. His continued connections to moneyed elites allowed him to buy extravagant compounds in New Mexico, the Caribbean, NYC and Paris. In those locales, he gorged his sexual perversions --mainly manipulating and molesting underage girls---unfettered and immune from prosecution. By the end, his many, many victims described their encounters with him as outright rape.

Epstein is just one of the countless in the cozy fraternity of moneyed elites including financial system parasites from NY:  prominent attorneys (Dershowitz for one), presidents (Bill Clinton for one), royalty (Prince Andrew for one) that where able to enjoy a veritable modern Bacchanalia of luxury, excess and perversion worthy of comparison to the most corrupt Roman emperors like Nero or Caligula.   

That's where this country is now, like Rome, at the end of a fabulously corrupted empire of greed, perversion, excesses (due to nearly unlimited easy money and currency debasement) causing extreme income inequality and fraud.  Nothing is working and everything is hopelessly broken: the judicial system, the federal government, the corrupt/lying media,  the stock market scam.  Our people, the "non-elites"(the bottom 80%), where many are poor, often hopeless and significantly indebted in order to survive. Interest rates are 0.1% for the moneyed elites, but 17% (and up) for the bottom 80% struggling to survive on credit card debt.

From my important post Extremes of Unsound Money and Finance Are Leading to Catastrophe: We live in a time of utter and complete corruption of government, media, central banks and our political parties. They are corrupted and held hostage by moneyed elites who are manipulating money and government for their ends-- not yours.

Where we are today is due to utter failure of government and central banks, corruption of all elements of government which has led to a moral and intellectual decay of our population. We have a massive and expensive surveillance state, weaponized police and government departments, massive financial deficits and debt with nothing to show for it, bloated money supplies, a hollowed-out economy stripped of entire industries and well-paying jobs, corrupted and lying media outlets spreading nothing but political propaganda and persecution of Conservatives.

Everything in Washington is broken and failed. Nothing is fixed. Much of Washington is plotting to illegally and unconstitutionally overthrow the Trump administration and has been from day one. Despite all the spending, our infrastructure and military has decayed. Our government is interfering with and manipulating many foreign countries -- yet half of our nation is (was) obsessed with a largely non-existent influence of Russia in ours. These people which include the previous administration had been risking war with a country that has 10,000 nuclear bombs. For what??

It's all become this way because we are told nothing but lies by politicians, corporate chieftains, and other elites that everything is fine even though it's obvious that everything is broken. So much that is wrong with our country and the world is due to corrupting power of unlimited and easy money in the hands of the top 1%.  Even Trump got it when he railed in his "American Carnage" inauguration speech which I have "corrected" with my comments in parentheses:
Today’s ceremony has very special meaning. Because today we are not merely transferring power from one Administration to another, or from one party to another – but we are transferring power from Washington, D.C. and giving it back to you, the American People.
For too long, a small group in our nation’s Capital (and moneyed elites in the world's financial centers) have reaped the rewards of government (-sponsored extremes of unsound money and unsound finance) while the people have borne the cost.  Washington (and all the Elites who are close to the source of massive monetary inflation--banks, hedge funds and moneyed/connected elites like Epstein) flourished – but the people did not share in its wealth.
Politicians prospered – but the jobs left, and the factories closed. The establishment protected itself  (and enriched itself to truly obscene levels thanks to central bank and govt largesse), but not the citizens of our country.
Their victories have not been your victories; their triumphs have not been your triumphs; and while they celebrated in our nation’s Capital, there was little to celebrate for struggling families all across our land....
For many decades, we’ve enriched foreign industry at the expense of American industry; Subsidized the armies of other countries while allowing for the very sad depletion of our military;  We’ve defended other nation’s borders while refusing to defend our own;  And spent trillions of dollars overseas while America’s infrastructure has fallen into disrepair and decay. We’ve made other countries rich while the wealth, strength, and confidence of our country has disappeared over the horizon.  One by one, the factories shuttered and left our shores, with not even a thought about the millions upon millions of American workers left behind.
The wealth of our middle class has been ripped from their homes and then redistributed across the entire world.
All of this American Carnage is due to unsound money and finance. Corruption of our money leads to corruption and ruin, eventually for everyone,

Our inner cities, mostly black and ruined by government failures and the resulting moral decay, are like burned-out hulks of a previously high-level civilization as if we're replaying some dystopian movie like Robocop or Planet of the Apes complete with murder, crime, gangs and massive decay. Our status quo is completely and utterly unsustainable.

We also live in a time of nothing but massively unsound finance and banking thanks to the failures of our Central Bank and the corrupted government. Even our current concept of money is completely corrupted. It's as if no one alive even knows or remembers what sound money or sound finance is.

Maybe that's why there are somewhat regular society-wide and world-wide crises happen about every 80 years as described in The Fourth Turning by Howe and Strauss. Eighty years is the length of a long human lifetime. After 80 years, there is no one alive who can remember the cause of the last crisis. Think about it. Our current crisis started with the crash of 2009 which is exactly 80 years from the last one in 1929.

Brace for impact. This bubble could blow at any minute. Global peace may be shattered at any minute. Markets may fail and collapse to reflect the real economy in any minute. Brace! brace! brace!

An Economy That Cannot Allow Stocks To Decline is Too Fragile to Survive

The fragile ice shelf of speculative bets and debt clinging to the mountainside is making strange creaking sounds-- will you listen or will you ignore it because 'the Fed has our back'?

Feast your eyes on the chart below of the Nasdaq 100 stock market Index, which is dominated by the six FAAMNG (rhymes with "famine") stocks: Facebook, Apple, Amazon, Microsoft, Netflix and Google which now account for over 20% of the entire U.S. stock market's capitalization.

Notice that despite the global economy sliding into a debt-bust depression, the NDX is within kissing distance of new all-time highs. You're joking, right? Sales and profits won't slide as the depression steps on the neck of hundreds of millions of households?

As you've probably heard by now, sales don't matter, profits don't matter, costs don't matter, and indeed, nothing matters but the Fed has our back so buy stocks, never mind the valuations. In other words, the U.S. stock market has reached the spiritual level where the corporeal tangible world no longer matters: in a word, Nirvana, or Heaven if you prefer.

If we set aside the satire and the absurd justifications of the financial punditry ( "we see a V-shaped recovery of profits in 2023, or was it in 2032? Never mind, doesn't matter..."), we discern a reality that should worry us: America's economy and financial system cannot allow the stock market to decline because any sustained drop will pop the debt-bubble and bring the entire rickety, rotten, corrupt structure down.

Erecting $100 trillion of phantom capital on speculative bets and disconnected-from-reality valuations was always doomed: piling one layer of debt and speculative excess on top of another while the actual collateral supporting the first layer of debt didn't actually change steadily increases the fragility of the entire pyramid.

Now the system is too fragile and brittle to survive even a modest drop in the stock market. Since the Federal Reserve and other tools of the financial-political elites can't increase the productivity of the underlying collateral of the economy, they're forced to manipulate the one signaling device they can control, which is the stock market.

And since they can't actually improve the productivity or prospects of several thousand companies, they've poured their conjured trillions in six mega-stocks to drag the entire market higher. The more money they pour into the Big Tech Six, the greater the market capitalization of these companies and therefore the greater their influence in the stock indices: the Dow Jones Industrial Average, the S&P 500 and the Nasdaq / Nasdaq 100.

It's a self-reinforcing set-up: dump another trillion in the six mega-cap stocks and this pushes the entire market higher. The influence of the real world has been reduced to zero. Nirvana indeed.
The problem is that any system this fragile and brittle cannot survive the slightest contact with reality. The system's stability is an elaborate illusion maintained by the Big Con of the Federal Reserve: we can create as many trillions as we need to prop up the stock market.

This is the hubris and arrogance of mortals claiming god-like powers. As the Fed and other central banks buy every over-valued financial asset in sight to prop up over-valued markets, eventually they will own the majority of the markets (as per the Japanese bond market). At some point there won't be any assets left for private capital to own that actually earn a return. With interest rates at zero or lower, private capital has no way to earn a return--an outcome that collapses the entire rickety, rotten, corrupt structure anyway.

Extreme concentrations of wealth and power, extreme speculative risk, extreme over-valuation, extreme central bank manipulation--all increase fragility and brittleness. America's financial system is the classic tightly bound system with all the lines of dominoes intersecting each other: any one domino will take down the entire system because it's all tightly connected and dependent on extremes of risk, speculation, debt and manipulation (stock buybacks being Exhibit #1).

The Gods of Finance are chuckling as the Fed's trillions push the system ever closer to collapse. No matter what the Fed does, no matter how many billions Apple borrows and throws into the putrid sewage of its endless stock buybacks, the market, the financial system and the economy that has become dependent on those speculative pyramids of debt are doomed to collapse for profoundly systemic reasons.

The fragile ice shelf of speculative bets and debt clinging to the mountainside is making strange creaking sounds-- will you listen or will you ignore it because the Fed has our back? The avalanche will catch everyone by surprise when it finally breaks, and the consequences will be non-linear and therefore disruptive in ways few anticipate.

But in the meantime, please enjoy the cosmic joke of the Nasdaq 100 and Jay Powell's deadpan comedy routine. But be careful that the joke doesn't end up on you: an economy that cannot allow stocks to decline is too fragile to survive.

Wednesday, May 27, 2020

Time to Clean House at Twitter

From Jonathan Turley's website.

There is a new controversy swirling around Twitter’s new rules allowing the removal or labeling of tweets that the company deems false or misleading. I have a column out this morning criticizing Twitter’s warning attached to recent tweets by President Donald Trump. However this controversy concerns the person who has said that he is in charge of “developing and enforcing Twitter’s rules,” Twitter’s “Head of Site Integrity” Yoel Roth. Critics have highlighted fairly extreme postings from Roth calling Trump and his supporters Nazis. I do not agree that the problem is Roth’s personal views or postings. The problem is his role and the rules at Twitter. The problem is anyone exercising this power of speech regulation. Indeed, as this controversy grew around Roth, Kathy Griffin is the latest poster to face calls for removal for effectively calling for Trump to kill himself. Again, Griffin should be allowed to post such hateful thoughts and the rest of the world should be allowed to denounce her, again, for her unhinged humor.

Twitter also labeled Trump's Tweets highlighting the likelihood of voter fraud with mail-in ballots as "misinformation" with links to CNN to "clarify" the "misinformation!!" Can you imagine?  CNN as a trusted source regarding Trump??!!   Insane.

Roth has attacked Bernie Sanders supporters and proclaimed how he is working against Trump. He compared senior Trump adviser Kellyanne Conway to Nazi propagandist Joseph Goebbels. He has referred to Trump and his team as “ACTUAL NAZIS” and called Senate Majority Leader Mitch McConnell, R-Ky., a “personality-free bag of farts.” As Fox noted, “last August, Twitter suspended McConnell’s Twitter account, prompting the GOP to threaten to cut off advertising on the site until Twitter relented.”

The attacks are numerous, raw, and offensive. However, conservatives calling for him to be fired or his tweets censored are reaching the wrong conclusion. The problem is not Roth but his role. He has a right to express himself. I have no problem with Twitter hiring people with such political views and I believe it is a good thing for people to express themselves on social media. Indeed, we have discussed the free speech concerns as private and public employers punish workers for their statements or actions in their private lives. We have addressed an array of such incidents, including social media controversies involving academics. In some cases, racially charged comments have been treated as free speech while in others they have resulted in discipline or termination. It is that lack of a consistent standard that has magnified free speech concerns. We have previously discussed the issue of when it is appropriate to punishment people for conduct outside of the work place. We have followed cases where people have been fired after boorish or insulting conduct once their names and employers are made known. (here and here and here and here and here and here).

Roth’s comments highlight how bias is always a concern for those who take it upon themselves to decide who can speak or who must be “corrected” in communications with others. Twitter is notorious for a lack of consistency and coherence in the enforcement of its rules. However, regardless of such enforcement, there remains a core free speech issue in the regulation of speech. I recently criticized the calls of Democratic leaders like House Intelligence Committee Chairman Adam Schiff for greater censorship of the Internet and social media. Such calls have been growing for years but leaders like Schiff are citing the pandemic as a basis for speech monitoring and censorship. Roth is merely the personification of the problem of such speech regulation. Again, the real problem is his role and Twitter’s rules.

Don't Buy the Climate Hype: Slight Global Warming Is No Cause For Alarm

The earth has warmed a slight 1.6 deg F in the past 100 years --a little more in the Northern hemisphere and less in the Southern hemisphere -- and mostly due to man. The arctic area has warmed the most, (but not so true in the Antarctic). The sea has been rising at about 7 to 8 inches in 100 years and looks similar going forward. Those are the not-so-alarming facts.

In both cases, things are happening VERY slowly and humans can and will adjust. The warming and it's effects are quite small--despite what alarmists and their faulty models say. There is no cause for alarm.

The big problem that no one seems to understand is that just to halt the rise of CO2 in the atmosphere would require a gargantuan reduction of CO2 emissions of 50%. This would NOT roll back temperatures or CO2 -- just halt any rise!  The problem is there is a mismatch between the rate of ocean absorption of CO2 and our rate of emissions.

To reduce CO2 emissions by 50%, we would have to convert all cars to electric, add more nuclear power for the cars, and scrub every power plant stack in the country (which can't be done). The US has 10,000 power plants alone. Such reductions would cost $10s of Trillions in the US alone and cripple our finances and economy. Al Gore himself put the cost at $70 Trillion. The ocean will eventually absorb all of the excess CO2 without any harm or change in pH.

It amounts to financial suicide. No country like China or India would commit economic suicide either.   Furthermore, the result of such spending would be imperceptible and ineffective!  Oh, and NO ONE IN THE WORLD knows what to do with the massive volume of captured CO2!!

The problem is simple. There is more than a 50% mismatch between the rate that the sea and land absorbs CO2 vs the rate of emissions.  See the figure below for the carbon material balance (from MIT):

The hydrocarbon era will likely end within the next 100 years and we'll be a little warmer and the sea about 8 inches higher. Nuclear energy has to be in a lower carbon future as solar and wind power's scope is very limited due to the cost of grid modifications and other problems. Also, wind and solar power require a near 100% backup using high capacity power generation. How can that be economic?  Thorium molten salt nuclear reactors may be answer given Thorium's abundance in the Earth's crust, it's safety and it's efficiency.

For a bunch of handy graphs about global warming see here.  Judge for yourself.  Just look at the data. No panic is indicated. Economic suicide is not required. However, a program to start the transition to Thorium (or other) power should be started now for the coming decades.

Oh, and all the alarmist "scientists" and their faulty models are wrong! And to think that Al Gore almost was our president!?!

Friday, May 22, 2020

OMG! Algae "Thriving" in Antarctica as Continent Warms!!

Modern day propaganda is promulgated by countless media outlets repeating the same "study" or "story" over and over again without any critical analysis or input by these "mouthpieces." It's because, if you repeat something over and over it begins to have the appearance of truth.  That's the Modus Operandi of the The Left.  Usually it's the same story or article picked-up by countless "media" outlets.  If everyone is saying it, it must be true, right?

I've noticed an increase in hysterical and hyped stories of "record warm" temperatures in the Antarctic.  Recently, I saw tons of stories about Antarctica ice "melting."  I posted a blog on this topic.  Some idiot found some meltwater on top of some snow at the farthest reaches of the Antarctic Peninsula that is no longer in the Antarctic circle and closer to Argentina than the South Pole. In the past few days, I've seen a plethora of stories with "disturbing" news that green algae is "flourishing" on the continent! did a big (and useless) study to document algal blooms on a number of islands on the Antarctic Peninsula. Strangely they concluded that the algal blooms were found on "multi-year snow" in the "warm" summer season and that this new biomass might even be an important "carbon sink" to counteract global warming!  My God, these people are raging idiots.

CNN: Snow is turning green in Antarctica -- and climate change will make it worse!!
Strange that feels this is somehow important or groundbreaking when it admits that:
"Ice-free ground makes up only around 0.18% of Antarctica’s continental area, and even in the Antarctic Peninsula, the most "vegetated" region of Antarctica, only 1.34% of this exposed ground is vegetated"
The figure on the left shows the area of "concern", ie., the Antarctic Peninsula which juts out into the South Atlanta and is so long that the tip of the peninsula is closer to Argentina than to the South Pole.

They go on to say that "a single snow algal bloom can cover hundreds of square metres! OMG! They've managed to spot 1679 "patches" in total along the coastal areas of these islands (in summer) and have noted that these blooms are often found where there are colonies of penguins. Imagine that, penguin poop is fertilizer!  Fascinating!

Allow me to let you in on the truth about Antarctic climate: It's well below freezing even in their summer and even on the Antarctic Peninsula.  From Wikipedia's "climate of Antarctic:"
The mean annual temperature of the interior is −70.6 °F. The coast is warmer; on the coast Antarctic average temperatures are around 14.0 °F along the sea coast and in the elevated inland ice sheet (the entire continent) they average about −67.0 °F in Vostok in SUMMER. 
Along the Antarctic Peninsula, has the "mildest" climates within the continent. Its temperatures are warmest in January, averaging 34 to 36 °F, and coldest in June, averages from 5 to −4 °F due to the maritime climate. Temperatures as high as 59 °F have been recorded, though the summer temperatures are below 32 °F most of the time
The Antarctic is not melting---anywhere!    And Greenland is not melting either!!   The Greenland ice sheet juts up 6,000 to 10,000 feet above sea level in the Arctic where temperatures are well below 0 °F.  The low elevation edges of Greenland have seasonal melting due to the arctic maritime climate.

But the real point here is that a ridiculously trivial article gets repeated a hundred-fold by warming-hungry media outlets populated by endless numbers of utter dipshits.  I searched "Antarctic green snow" on google and I came up with 17 pages of search results repeating the story but often with "sinister" undertones:  :

Continued below:

Monday, May 11, 2020

The Federal Reserve Destruction of our Nation: Making the Elites Richer and Destroying the Bottom 90%

From Real Investment Advice by Lance Roberts

The Federal Reserve seemingly is an ongoing mission to destroy the bottom 90%. [Doug here: it's really how the Govt and quasi-Govt Fed. Reserve are destroying the entire country. We just haven't seen violent protesters with pitchforks, Molotov bombs and torches yet --- but it's eventually coming.]

The one lesson that we have clearly learned since the 2008 “Great Financial Crisis,” is that monetary and fiscal policy interventions do not lead to increased levels of economic wealth or prosperity. What these programs have done, is act as a wealth transfer system from the bottom 90% to the top 10%.

While we will address the statistical data, there is also the anecdotal evidence which supports this thesis. Since 2008 there have been rising calls for socialistic policies such as universal basic incomes, increased social welfare, and even a two-time candidate for President who was a self-admitted socialist. Such things would not occur if “prosperity” was flourishing within the economy.

As I addressed recently:
“The disparity between the Fed’s interventions, the stock market, and the real economy has become abundantly clear. For 90% of Americans, there has not been, nor will there be, any economic recovery.”

Stocks Are Not The Economy

Take a close look at the chart above.

Companies derive their revenue from the consumption of goods, products, and services they produce. There, it is logical stock price appreciation, over the long-term, has roughly equated to economic growth. However, that relationship has become unhinged since the financial crisis due to the Fed’s interventions and suppressed interest rates.

From Jan 1st, 2009 through the end of March, the stock market has risen by an astounding 159%, or roughly 14% annualized. With such a large gain in the financial markets, there should be a commensurate growth rate in the economy.

After 3-massive Federal Reserve driven “Quantitative Easing” programs, a maturity extension program, bailouts of TARP, TGLP, TGLF, etc., HAMP, HARP, direct bailouts of Bear Stearns, AIG, GM, bank supports, etc., all of which totaled more than $33 Trillion, the cumulative real economic growth was a measily 5.48%.

While monetary interventions are supposed to be supporting economic growth through increases in consumer confidence, the outcome has been quite different.

Low, to zero, interest rates have incentivized non-productive debt, and exacerbated the wealth gap. The massive increases in debt has actually harmed growth by diverting consumptive spending to debt service.
“The rise in debt, which in the last decade was used primarily to fill the gap between incomes and the cost of living, has contributed to the retardation of economic growth.”

The Savings Shortfall

If wages don’t rise at a pace fast enough to offset the costs of maintaining the “standard of living,” individuals are forced to turn to credit to fill the gap. The lack of savings was a recent topic of discussion by the Wall Street Journal:
“Roughly half of U.S. households have no emergency savings, according to a Federal Reserve survey released last year. Those that do may not have enough. Almost 60% said they couldn’t tap into rainy-day funds, borrow from family and friends or sell something to cover three months of living expenses.” – WSJ
There are two reasons for the lack of savings.
“First, incomes for all but the highest-income Americans have been stagnant or falling for decades. Median household income in 2018 was only about 3% higher than in 2000 after adjusting for inflation, according to the Census. For the poorest 20%, incomes had declined 2%.” -WSJ
Yes, lack of wage growth is a problem, but as stated above, it is also a problem of the debt.
“The second reason has to do with the continuing effects of the debt households accumulated before the 2007-09 recession.
A new paper by Atif Mian, of Princeton University, Ludwig Straub of Harvard University and Amir Sufi of The University of Chicago found that rising income inequality over the past few decades created the conditions that fed the rise in debt held by lower-income households in the early 2000s.” – WSJ
 Continued below:

Leftism is Mental Illness and Evil

If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”    -Joseph Goebbels
There's a factual basis for the saying that "Leftism is an illness." It's painfully obvious that the Left is increasingly deluded and filled with hate, led (and willing to be led) by their idiot "leaders," locked into silos of unreality by surrounding themselves with similarly deluded people on "social" media and on the lying broadcast media. They project their own hate as a characteristic of others.

The Democrats have become Marxists and wannabe tyrants who want to radically remake society and the economy to impose their views on everyone else based on the entirely false ideas that:
  • Socialism/Communism is good for you, 90% taxes will solve income inequality (Cuba achieved income equality: the result is $30 per month wage for everyone except those "connected" to the regime),
  • Climate change is a massive threat to your well-being and world, 
  • A Green New Deal is the answer to all our problems: will create massive new jobs and solve the imminent climate emergency!
  • White straight men are toxic, a problem for the country and should be marginalized,  
  • All immigrants, legal or illegal, have equal status before the law  and there needs to be no criteria for immigration permission,
  • Diversity is our strength
  • National borders are inconvenient, cruel, and obsolete.
  • Western Civilization is a malignant force in human history.
  • Islam is “the religion of peace,” no matter how many massacres of “infidels” are carried out in its name.
  • Blacks and Hispanics are intellectually equal to those with European descent
  • Welfare and income support have helped black people in the US
  • Women are are being intentionally paid less by evil businessmen
  • All discussion about race problems and conflicts is necessarily racist.
  • The hijab is a device of liberation for women.
  • There should be a law against using the wrong personal pronoun for people who consider themselves neither men nor women (recently passed by the Canadian parliament).
  • A unifying common culture is unnecessary in national life (anything goes).
  • Colonizing Mars is a great solution to problems on Earth.
Crazy fuckers!

They are convinced that is The Right that is full of hate! CNN spreads fake news that whites and whites supremacists are full of hate and are the real danger to the country. But the reality is that the actual number of those people are statistically minuscule. Meanwhile, the insane leftist-supported Antifa criminals have been attacking anyone in their way by trying to bash-in their heads.

It's the Left that is full of hate. Democrats and The Left that are evil and racist and they project that hate quality and assign it to The Right. The truth is that the heart of racism in America is (black) Democrats!! Democrats have become the anti-white party in a nation of 60 to 70%  white people (we don't know how many non-white illegals live in our country BY DESIGN).

The Left are masters of psychological projection. They are full of lies that they tell themselves and accuse others of the very evil that THEY embody. And as a group, they take comfort in repeating lies among themselves because it reinforces their delusions --because if they repeat them day after day, it begins to have the illusion of truth. That's their method of brain-washing their supporters. They live in their own bubbles of delusion in the capitals of Leftism on both coasts and thanks to "social media"and their lying demented heroes on broadcast media nearly everything they believe is untrue, phony or a lie.

The problem with the Left is that they are fundamentally deluded haters and not lovers due to a lack of a faith, a lack of a rigorous education and faulty logic, a lack of religious education and a failure of parental education.

It's really a lack of a faith. It's a very real problem with The Left. They denigrate people of faith while they don't have a good answer or anything to replace a real faith. Instead, they dangerously put all their faith in "man" leading to inevitable disaster.

They want to install wannabe tyrants like Sanders or AOC who will impose their limited view of the world on everyone else. Disaster is assured! Or look at China, like any communist country, wants to stamp-out any religious faith and substitute faith in "man." It lead to disaster every time and no change is allowed!! It's really evil!

They run wild in an unhinged, unreal world where anything goes. Nothing matters. That's what happens when you're detached from reality.  Detachment from reality is a mental illness.