Month: May 2023

Memorial Day Open Letter

To our beloved fallen heroes,

You are those special men whose loving sacrifice and invaluable leadership have paid for generations of genuine freedom, freedom that too many in our country have taken for granted, freedom that begs to be defended by every generation, even with the cost of our lives when necessary. We have allowed too many of our children’s minds and hearts to be stolen from the awareness of God’s love for our country and the understanding, and appreciation of the depth of your love for our Lord and for all of us.

Those of us who truly appreciate your sacrifice are fighting an adversary which threatens our freedom with the same evil as you have confronted on the battlefield. Oh had you still been alive today, you would recognize it with the same alarm and sobriety, motivated into action with the same resolve and with the same love for us and our children. You would recognize that this is a global beast feasting on the United States and its Constitution for the sake of its evil dominion of the world!

In your honor, more and more of us are beginning to fight with our public voices, in the courts, in congress, in our workplaces, in the schools, and in our publications. We fight with our private voices at the dinner table, in our churches, and especially in our prayer! I pray that this voice be just one of millions more to come and that God blesses each one!

The Real Purpose For the ‘Banking Crisis’

In hindsight, it is most plausible that the collapse of SVB and crypto was a stealth execution by bank executives and federal reserve bank regulators for the purpose of gaining enough control over the banking system to implement Biden’s new socialist home loan rules that rewards bad credit as it punishes good credit, depreciate crypto out of the market, render banks much more dependent on the federal reserve for their solvency. Otherwise you believe that well capable financial experts all tripped over the same financial boulder simultaneously.

The banks in aggregate according to the FDIC on March 12th were holding on to $620 billion of unrealized losses in old treasury bonds. Not a week after the FDIC opened their federal discount window, the “Term Bank Funding Program”, did the Federal Home Loan Bank blow up from handling $3 billion of last resort bank loans to $304 billion. This, as a result of banks across the country transferring high risk mortgage loans to this 11 bank system. This one week operation places many more banks across the country completely dependent on the federal government for their solvency, and in turn, obligated to follow whatever rules the Biden administration controls the management of private credit through the federal reserve.

Millennials define the direction of the US economy in their buying, saving, and investing decisions. Investopedia cites that ” More millennials are renters than homeowners by far. Additionally, 18% of millennial renters say they plan to rent forever. That’s the highest percentage of any generation.”. They go on to describe that “At age 30, 42% of millennials own homes, compared with 48% of Gen Xers and 51% of baby boomers when they were 30.”.

The Silicon Valley Bank collapse caused a period of lending tightening as National Association of Home Builders chief economist Robert Dietz observed that the tightening lending environment likely to emerge in the aftermath of the Silicon Valley Bank collapse is a concern for private firms relying on capital from regional and community banks.