Hello, frens and feds. We’re going to have a little lesson about economics and civilization. I owe the immediate inspirational credit (or blame) to two recent happenings. Somewhere around here, a brilliant young woman wrote: “The comfortable, easy First World the Boomers lived in is dying with them.” And last week, I found myself out amongst the people, where I overheard part of a conversation between two Boomers. They were talking about labor, and one asked, in a haughty Boomerific tone, why the Millennials, the younger “kids,” won’t work (you know, like his g-g-generation did back in the good old days when they were getting high and rolling in the mud at Woodstock). The other one started saying something about “handouts.” Walking away, leaving the callous to their heathenry, I thought of a tripartite answer. First, the “kids” were not raised properly. As for the Millennials, the fault lies with their wicked, stupid parents, the Boomers. And we’re only talking about half of Gen Y because the Boomers preemptively murdered the other half, along with a sizeable portion of my generation, with their abortion genocide. As to the disemployment issue among the survivors, the second reason is that the Millennials were not raised in a functioning Christian culture. Few people alive today in the West have even the vaguest idea of what we’re missing. And third, virtually no employers in the US pay anywhere near an appropriate wage. While all three reasons are related, we will primarily concentrate herein on the third. In the abstract, Lord Boomer was correct that many people, of all ages, are less enthusiastic about working these days. The Wall Street Journal recently reported that the seeming phenomenon of those who do work working less is real. This has A LOT to do with poor remuneration. Better pay is driving 96%!!! of US employees to look for new jobs this year, says CNBC. This trend carries across the Atlantic, where, as one might guess, the globalist witch Christine Legarde warns that wages must be suppressed in order to suppress inflation (which is at best misplaced illogic). All of this - ALL OF THIS - is deeply dysgenic and dyscivilizational. The Daily Mail reports the obvious, that Americans are simply no longer having children and building families. There is the fact that so many younger Americans were coerced into taking a depopulation sterilant poison, but there’s also the fact that they can no longer afford to have children. “Socialism” is to blame, friends. That is if retards like the woman who wrote an article in a third-tier ‘Murican daily I won’t link to are to be believed. They are not, as this particular idiot echoed the other Boomer’s stupid assertion that the “kids” were content to live large off of imperial handouts. There’s been much babbling about that nonsense these past few years. If you’d like, then just run the math on it. From any direction. It does not add up. Increasingly, nothing adds up in our play-pretend world. The dim woman linked to a base article from Moneywise (which isn’t): “Here's the average salary each generation says they need to feel 'financially healthy.' Gen Z requires a whopping $171K/year — but how do your own expectations compare?” Boomers, Gen Z is the younger, newer generation that you’re mistakenly calling “Millennials.” I’ll tell you my macro salary expectations in a moment. The Money Unwise bit starts with a ridiculous lie: “As the global COVID-19 pandemic rages on…“ Three years later, they’re still spinning the hoax. It doesn’t get any better as it goes through a little nothing before advising readers to “deal with your debt first.” That’s the main gist of the article - an advertisement for usury (thank you, Shylock). And what debts might the Zoomers carry at present? Student loans! Fake debts for fake education in a fake, gay country. It’s all part of the fable told to generations of Americans about schools (fake), colleges (fake), good jobs (fake), good money (fake), and retirement (sigh). The Atlantic, a publication that floated an early trial balloon for cannibalism, is baffled that many “kids” are skipping college; see an article rehashed here. In fairness, that one is by a professor who appears legitimately concerned about younger generations and higher education. And without correctly addressing the problem, it does at least mention the debts as somewhat problematic. Boy, aren’t they? Debt, of all kinds, constitutes one of the 3 “D”s that destroyed America, the other two being democracy and demographics. The damage caused by debt was intentional, and it is massive. America’s being a financialized or credit-based economy, debts have replaced money, at least as money is properly defined. There are books about this transformation, but not that many will read them. In 2014, the Bank of England produced this charming summary of how the scheme works. It is a trans-Atlantic issue:
Just know that, by the traditional definition, there is statistically zero money in the US economy. Explaining this is a chore, because it’s so simple it appears impossibly difficult, and because the system is in such bad shape that the available metrics are fuzzy at best. According to the Yankee treasury, there is something like 800 million (with an “m”) US Dollars. Period. These are off-limits to the public. They are, for all intents and purposes, the only real money in the economy. Most of the M-series monetary base(s), as lazily estimated by the Fed, somewhere between 20 and 40 trillion dollars (with a “t”), consists of a precariously rigged carrying of uncle sucker’s public, on-books debts. It also plausibly includes the < $2 trillion available in coinage and paper cash. This is our fiat currency, though it leans towards being fake fiat, or, like the remaining portions, and in other terminology, “credit money substitute” “money.” And, so, where is the rest? And, what? Derivatives. That is a catch-all term for a combined process and amalgamation that no one really understands. If you’ve read The Creature From Jekyll Island - and you should have - then know that it amounts to the “Mandrake Mechanism” on steroids, running at warp speed, down the rabbit hole. This is where the vast majority of what passes for money, in reality, it is little more than fake debts or bets on or against payment of fake debts, falls. We have no way to accurately measure it, though the best guesses lie between $800 trillion and $2 quadrillion (that is a “q”). It’s all fake. It’s based on debt contracts. It’s backed by nothing. And it is satanically evil. In a debt-based economy like ours, the bulk of the money for all purposes comes from loans. The money for the loans is literally created by the loans themselves *poof*. The lenders get to conjure this nonexistent crap out of a dark magic crystal, instantly and with no effort, cost, or risk of loss. The borrower gets to slave away, giving up some portion of his life in order to repay that which does not exist, along with the interest that does not exist. That is what people have stupidly accepted for a century, and it is why the First World of the Boomers is fading in the rear view mirror. The ratio of real money to fantasy money is roughly 1:1,000,000! .000001. Statistically, zero. This has had the effect of drastically raising the price of just about everything … except wages. $300,000. Three hundred thousand dollars. That is my expectation for what the approximate average single-earner income should be right now. That would be, in a word, “fair.” It represents the appropriately adjusted average wage for all occupations across all regions of the US. On an hourly basis, assuming 2,000 working hours per year, that’s $150 per hour. Boomer, nobody pays wages like that. Zoomers, you’re only halfway to where you should be; keep hoping, but know the odds are not in your favor. The minimum wage should be around $31-37.50 per hour. Nobody pays that either, Boomer. Way back in 1952, when the Boomers were young, and their parents resembled Ward and June, the average household income was around $6,850 per year ($3.425 per hour). The money generally came from one job, usually worked by the husband. He didn’t have to repay student loans, compete with H1Bs, or bear the brunt of world-policing reserve currency lunacy. His wife was free to raise a family. They all lived a nice life in a house that, on average, cost $9,075. The man’s income was 75% of the cost of the house. This was optimal, ideal even. The minimum wage back then was somewhere between $.75 and $1 per hour. We’ll call it 25% of the ordinary hourly wage. This yielded a minimum annual salary of about $1,700. That was then. Today, the median individual income is roughly $37,500 per year or $18.75/hr. The median US household income is about $78,000, which generally assumes two adults are working, which is problematic in that it leaves no one at home to raise and educate (or even have) children. The minimum wage, stuck forever, nationally averages just $7.25/hr, or $14,500 per year. However, the average house, as of last summer (2022), costs about $400,000. Boomers will oftentimes boast that the astronomical rise in housing prices was due to their wise investing skills or some other unicorn magic. But those with decent math skills can immediately see a problem. Know that the extrapolation works about as well if one uses college tuition or other large ticket purchase items, or if one assumes a continuation of the Dollar’s link to gold and/or silver. In a just and equitable country, with the inflation of the past 70 years, 75% of $400,000 is $300,000. And 25% of 300K is $75,000, or $37.50 per hour. As-is, the average US household earns just a hair over what a single man should be earning with a minimum-wage job. As your calculator suggests, we have fallen behind. We’ve been steadily sliding since around the 1965-1973 timeframe (for reasons). Around 1970, the average salary was still about 40% of the cost of the average house. Today, do the math, it’s about 10%. And we will continue to slide unless or until something is done. Or until something gives - which it will, and damned soon. All of this was, again, intentional. The wonderful Ms. Jessamine Lee was right about the golden age the Boomers enjoyed, looted, wrecked, and still won’t shut up about. Because the US survived the Second World War with the largest intact industrial base, because it was a homogenous society, and because the Dollar supplanted the Pound, those born between 1946 and 1964 entered into the height of prosperity. Peak America was likely around 1965, though the afterglow lasted for decades. If Boomers want everyone else to make $1.75 an hour as they did, and be happy about making it work, then maybe everyone else wants the demographics, stability, and prices of yesterday. I read somewhere that 10% of Americans were but one misstep away, and one-third were only a few steps away from homeless poverty. A large and growing number of people - real human beings, and Americans to boot - are faced with essentially living sad lives of meager slavery or simply dying of despair whether they work hard, 40, 50, or 70 hours a week, or not. Given such a horrible situation, who could blame them for taking the easier path? Part of the vaunted dignity of work comes from the livelihood work enables. Take away the ability to live, and the promise of dignity becomes hollow. While some exceptional individuals see these problems and actively try to forge solutions, it appears that the average Baby Boomer is content to spend his children’s inheritance and deny them the same entry to or existence in prosperity he was afforded - all while telling his children how worthless they are for following his pathetic advice and falling under the doom he helped create for them. For a pictorial of this sad phenomenon, please see this “Hypergamouse” episode by Lacey Fairchild, Arktoons (2022). It’s not a cartoon. Charts and studies a-plenty plainly show that Boomers acquired more wealth faster than any subsequent generation and that they are holding it in a historically anomalous bottleneck. Trying to explain this leads to the intent behind the collapse. Boomers were the last of the ordinary American beneficiaries of the changing socioeconomic system. Their reward was tangential. The bulk of all gains, per an ancient formula, went to an evil, foreign elite. Call them what one will, and one will probably be correct. But this isn’t socialism. It’s not communism. There’s nothing liberal or conservative or libertarian about it. Kindly purge those dated, failed concepts from your repertoire. What has happened is the convergence of financialization, Pharisaical religious disregard for humanity, and globalization. In other words, it is satanism. It always has been. Debt, financialization, and reliance on credit substitute money are inherently unstable and almost always induce misery and collapse in any society foolish enough to tolerate them. In the words of Vox Day, March 24, 2020: “Financialization does not help the economy by making it more efficient. To the contrary, it makes the economy far more fragile while destroying the underlying society for the benefit of a few foreign invaders.” Regarding American monetary folly, he wrote, on April 15, 2020: “This is why either a debt jubilee or mass defaults and the total collapse of the US economy is absolutely inevitable.” Financialization, on the scale seen in the US since 1913, completely fulfills Gresham’s Law, with bad money routing good money, and leaving in its place a fake economy running downhill on fake credit. This has the insidious effect, as Vox hinted, of transferring ownership of most stores of real value to a useless parasite class; the people are left indebted, enslaved, and immiserated. See also: And Forgive Them Their Debts, Michael Hudson (2018); Debt: the First 5,000 Years, David Graeber (2011). Today’s is largely a Christian call to action based on the teachings of Jesus Christ and the Mosaic Law, particularly as to the word “jubilee”. Yet, the problems of debt have been known throughout history and to virtually all sufficiently advanced societies. Hudson’s book, Graeber’s, and others are replete with non-Christian and non-Hebraic examples of the manifestation of the plague of debt, and the just solution. Here follows a summary of my pre-existing analysis from August 31, 2022, with a few minor additions. In or around 44 BC, Old Tully related an alleged conversation between the mighty Cato and a presumably ambitious young Patrician. The younger man was attempting to goad Cato into ratifying the man’s pre-selected occupation. The conversation is presented as an example of competing expediencies or comparative outward advantages. It did not go exactly as the young man had hoped.
Keep that response in mind: why did Cato equate money-lending with murder? What would Jesus Christ say about all of this? He said forgive it. “And forgive us our debts, as we have forgiven those who are in debt to us.” Matthew 6:12. And, per the Codex Sinaiticus (350 AD), in Greek, it was “debts” not trespasses. Some Christians and churches have transmuted that part of the Lord’s Prayer into “sins” rather than “debts.” That is somewhat understandable, though incomplete. Elsewhere in the Gospels, it’s: “...and forgive us our sins, for we ourselves forgive each one who is in debt to us. …” Luke 11:3-4. Sin and debt go together, and both are forgiven upon righteous and humble request. Jesus drove home the importance of forgiveness of debt, along with the punishment for refusing to forgive a debt, in the Parable of the Wicked Servant:
Our Lord also inquired as to the nature of “the coin”:
We’re not so lucky; if only they would leave us alone. Of course, not long after that meeting and following a lecture on their paternity, these wayward leaders delivered the Son up for imperial judgment. There is, in this short passage, a lesson and a warning. Contrary to popular belief (or lack thereof), this dialogue is in no way an endorsement of taxation. Rather, Jesus exposed the Pharisees as blasphemous hypocrites. The coin in question was not a standard Imperial Roman model, it was a newly devised silver piece, especially for use by Tiberius and the elites of his day, and which bore allegiant inscriptions to both Athena and Augustus, the “living god.” To bring such money into the Temple - for any purpose - was a direct affront to Our Heavenly Father. Thus, Christ instructed that it stay with its proper debased and debasing owners. This was but one of the examples innumerable of ancient money substitutions - coin shaving, coin substitution, and numismatic treachery - throughout history. And again, it was no coincidence that this particular example happened concurrently with Roman expansion into the Levant, Gaul, Britannia, and other foreign spheres. It is unusual in that the replacement metal was of greater value than the ordinary bronze Denarius, a distinction erased as the years slipped by. Our own experience these past 100+ years has been a steady devaluation, from valuable metal-based currency to metal-linked paper, to paper, attractive yet worthless, and now, to ones and zeros in computers. Luke 4:16-30 tells of Christ’s first Temple appearance as an adult in Nazareth. When given the chance, His first pronouncement was to announce a Jubilee in fulfillment of the Law. Also from His time in the Temple, we recall the only time the Prince of Peace ever resorted to violence, when He literally beat the fire out of the wicked money-lenders occupying His father’s House. John 2:13—. And as we are reminded that Christ came to fulfill rather than replace The Law, so His New Testament generally mirrors the Old. Forgiveness of debts stems from the Levitical (or Mosaic) Law and the Code of Legal Holiness. Leviticus, Chapter 25, concerns the Sabbatical Year and the Jubilee Year. Sabbatical years, which concern far more than debts, come every seventh year. Seven cycles of seven years, or forty-nine years, lead to the fiftieth year of Jubilee. The Sabbatical and the Jubilee may be thought of as minor and major resets. In years seven, fourteen, twenty-one, twenty-eight, thirty-five, forty-two, and forty-eight, as to debts, there is a “relaxation” or “remission.”
Note that the Lord, here, prescribed the debt-creditor remissions of His People of the day, the Israelites. The point of inclusivity is that among the Hebrews there was to be economic equality of a degree and that the blessings of God only extended to the degree His Laws were honored. The Jubilee Year dealt with, in addition to the elimination of domestic debts, a complete ancestral and cultural reversion. See, Leviticus 25:8, et seq. Much of this law was exclusive to the Israelites and held, even as to them, some exceptions which might not apply to modern peoples, Christians, Karaites, or others (land within or without certain walled cities, for example). Leviticus also contains a strict prohibition against usury (one of several in the Pentateuch and the Old Testament) against fellow Israelites. “Do not charge [your brother or countryman] interest on a loan, but fear your God, and let your brother live with you.” Leviticus 25:36. For those who fail to fear and honor their God, Chapter 26 explains the rather exacting Punishments of Disobedience. These are the same punishments the Hebrews (and “Jews”) eventually succumbed to upon their rejection of Christ. The Talmudic inversion about the “dust of usury” and other such stupidities might as well be sentencing statements. Christ came to fulfill, and in a way, simplify the laws which very few had been able to faithfully follow through the many long years. Interestingly, the forgiveness of debts survived to become a central tenet of the Lord’s Prayer. It is also interesting, though not exactly necessary to point out, that at all times, Jesus, His Father, Moses, Aaron, and everyone else were concerned with debts based on real money, whether commodities, silver Shekels, Roman silver, gold, etc. Usury was prohibited, even in conjunction with actual money with legitimate value in and of itself, as a sin. St. Thomas Aquinas examines the nature of the sin of usury, in Question 78 of the Summa Theologiae. After listing, and before defeating, seven objections to the concept of usury as a sin, Aquinas explains:
Again, in Aquinas’s thirteenth century, money, debt, and usury were calculated based on legitimate money, rather than digital nothing on a wire. How much worse is our present situation, when all the money, not just the elusive interest, does not exist? Also, usury means interest, period, and not “excessive” interest as modern usurers tell. Under no circumstances does the interest for a loan otherwise separately exist. Repayment, with interest, works like this: a loan (real or fake) is made; the debtor must work to obtain money (real or fake) to repay it, and; the debtor must work extra hard to conjure the interest money (real or fake), in essence robbing Peter to pay Paul. This process of robbery and overwork, for something that does not exist and which cost the lender nothing to loan, requires the debtor to literally give up a portion of his life in repayment. Without the benefit of Hebrew law, Jesus Christ, the Catholic Church, or Christian philosophy, Cato was onto something when he quipped about murder. It’s something that Christians have considered.
Usury is not just theft and robbery. It is also a form of full or partial murder.
We are overdue for both a Sabbatical Year and a Jubilee. Given the advanced state of decay and the current terminal climate of practical politics, economics, education, and public understanding in the US, there is no hope that the existing system can or will be reformed. Therefore, I propose replacing it whilst we build a new society and nation(s). Literally, every necessary legal mechanism exists to carry out such a process, with relative ease and speed, right now. Of course, nothing is working right now, and I am loath to use the very system that created the hell storm to resolve the same. There is also the fact we are dealing with pure evil. Ergo, I once again propose a Special Military Operation to de-globalize and de-satanize the USA, or the CSA, and/or some remnant portion thereof. Given the ability, I would aim to free the good people currently occupying the area of the former United States while also rearranging them geographically for a better future. Monetarily and economically, I would attempt to forge a new system that could easily integrate, to some degree, into the new Sovereign World SPFS-CIPS system. A martial approach would allow a pace and power to institute the changes without troublesome resort to uncertain democracy. It would also allow for the easy summary execution, preferably by torture or burning at the stake, of the vampires who have led us to the brink of utter disaster. There would, under my plan, be a somewhat substantial body count, though it would pale in comparison to the one which we are already rushing towards. In the future, perhaps in a book format, I may explore such a genuine “great reset.” Honestly, it is already too late to save much of the existing fabric. But I have high hopes that we or someone else will have enough scraps left over to sew something new, wondrous, and righteous. For even ut pecunia, Deo vindice.
6 Comments
1/22/2023 11:42:44 pm
"Also, usury means interest, period, and not 'excesive' interest, as the usurers tell." My late friend, an Old Virginia Gentleman, Richard Kelly Hoskins, incurred the wrath of the Federal Government with his book "War Cycles/ Peace Cycles" which exposes the blasphemy, sin, and results of our financial system based upon debt and usury and he offers an alternative. As the Book of Proverbs (22:7) tells us, "The borrower is the slave to the lender." Lincoln didn't free the slaves. He and his cronies enslaved us all with something a lot less obvious and a lot more profitable.
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Walt Garlington
1/23/2023 02:04:46 am
Yes, time to starve the vampires by banning usury; also in complete agreement on reinstituting debt forgiveness years. Thank you for raising the points, Perrin.
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Clyde Wilson
1/23/2023 05:23:23 am
Calhoun, whose monument was recently demolished,, laid out the whole banksters scheme fully nearly a century ago, as did Jefferson and John Taylor even earlier. Too Big to Fail and Too Big to Jail.
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Perrin Lovett
1/23/2023 09:14:49 am
Thanks, gentlemen. HV: Yes! When Dishonest Abe wasn't arresting journalists or deporting congressmen, he had to spring convicted counterfeiters from jail to run his illegal funny money operations. What a hero! Walt: fire starves them well - maybe with some garlic stuffing? Clyde: as part of my SMO I propose tearing down the neo-babelists' financial-societal monument to the devil; maybe we can sell it as social justice. Sic semper usurarios!
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Kenneth Robbins
1/24/2023 11:01:10 am
My,My sonny boy. you sure told us boomers off. If you are what the south offers up as a man., we are in real trouble.
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Perrin Lovett
1/24/2023 05:20:07 pm
Okay, Boomer! While your comment indicates you completely missed the point, which isn’t surprising, it’s not bad troll work. 7 of 10. Good job.
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AuthorPerrin Lovett is a novelist, author, and small-time meddler. He is a loveable, unobtrusive somewhat-right-wing Christian nationalist residing somewhere in Dixie. The revised second edition of his groundbreaking novel, THE SUBSTITUTE, is available from Shotwell Publishing and Amazon. Find his ramblings at www.perrinlovett.me. Deo Vindice! Archives
October 2024
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