WE WILL RIP YOUR HEART OUT THROUGH YOUR BUNGHOLE

Why the Brett Kavanaugh Smear?

One question I have pondered over the last few weeks is, why are the Democrats so determined to block Judge Brett Kavanaugh’s nomination to the Supreme Court? Realistically, he is the most moderate nominee they are likely to see from the Trump administration. If his nomination fails, the president will most likely appoint Amy Barrett, who is secure against #MeToo allegations and is both more conservative and younger than Kavanaugh. So what is the point?

RESISTANCE IS FUTILE

To some extent, the Democrats’ bizarre smear campaign against Kavanaugh is explicable on short-term political grounds. The Democrats’ crazed base demands that they #Resist, so resist they will, whether it does any good or not. But I think there is something deeper and more sinister at work.

Brett Kavanaugh enjoys one of the most spotless reputations of anyone in American public life. He has been enthusiastically endorsed by those who have known him all his life–by girls he knew in high school and college, by judges he has served with, by professors and students and Harvard and Yale law schools, by judges who have worked with him, by his judicial clerks–most of whom have been women–by the American Bar Association, by sitting Supreme Court justices. In short, everyone who has ever known or dealt with Brett Kavanaugh endorses him.

I think that Judge Kavanaugh’s pristine reputation is one reason why the Democrats have unleashed against him a smear campaign unparalleled in American history. This is the message they are trying to send: If we can do this to the Boy Scout Brett Kavanaugh, we can do it to anyone. Are you thinking of serving in a Republican administration? Or accepting an appointment to the federal judiciary from a Republican president? Think twice, and then think again.

Because our smear machine will reach back to middle school if necessary. If we can’t find any dirt on you, we will manufacture some. There is no depth to which we will not stoop, and your honesty, integrity and spotless reputation are no match for our control over the media and our determination to dredge up ridiculous allegations against anyone who stands in our way.

Really, the more ridiculous the better. If we can accuse Brett Kavanaugh, one of the most respected lawyers and judges in America, of gang rape, we can accuse anyone of anything! And our insane accusations will dominate the news.

That is the Democratic Party’s message. And we have learned from the Christine Ford fiasco that accusations don’t require corroborating evidence. A single wacky, false allegation will negate decades of hard work on behalf of the American people.

By smearing the ultimate Boy Scout, the Democrats signal that they are determined to go lower than anyone has ever gone in American history. They intend to deter normal people from serving in Republican administrations or accepting appointments from Republican presidents, or, ultimately, from identifying themselves with the Republican party. Given that strategy, the fact that they are smearing a man of obviously sterling character on absurdly flimsy grounds is not a bug, it is a feature. The fact that the Democrats’ smears are so patently false is ultimately their main point.
GO QUITELY INTO THE NIGHT

The Democrats are telling us: Republicans, beware–if this can happen to Brett Kavanaugh, it can happen to anyone. You’d better go quietly and cede power to us.

AND THE EMMY GOES TO ...

THE NEW COLONIALISM, THE STICK AND THE CARROT ... WHERE'S THE FROG?

All The Money In The World ... or WWIII is being fought today with a printing press!

Earlier Macro Watch videos this year have shown how the central banks of the United States, Japan, Europe, and China have created money on a multi-trillion dollar scale and deployed it in order to achieve particular domestic policy objectives.

Astonishingly, the Global Monetary Base has expanded 23-fold in just 32 years, from $800 billion in 1985 to $18.4 trillion in 2017.

THE GOOD, THE BAD, AND THE UGLY ... A WAR OF SORTS

The creation of unprecedented amounts of central bank money after the breakdown of Bretton Woods destabilized the global economy and caused the Crisis of 2008.  The creation of more money, on a much larger scale, prevented that crisis from turning into a new global great depression.

MONEY USE TO BE A STORE-OF-VALUE

Next, we see that the impact that central bank money creation has on an economy doesn’t depend solely on the quantity of money created. It also depends on how the central bank deploys the newly created money or, in other words, according to the type of assets the central bank acquires with the money it creates.
When a central bank creates money to acquire a domestic asset, the consequences for the economy and for the financial markets are quite different to those that occur when it creates money to acquire a foreign asset. 

INDENTURED SERVITUDE OF A SOVEREIGN NATION

The difference in the consequences resulting from domestic asset purchases versus foreign asset purchases is illustrated by analyzing the evolution of the balance sheets of the Fed, the Eurosystem, the Bank of Japan and the Bank of England, on the one hand, compared with changes in the balance sheets of the People’s Bank Of China and the Swiss National Bank on the other. The former created money primarily to buy domestic assets. The latter created money primarily to buy foreign assets.

The Global Monetary Base grew by 23% in 2007, 39% in 2008 and by 32% in 2011. Over the last two years, it has increased by an average of 11% a year. In the past, when central banks created money, that generally led to high rates of inflation. Today, it no longer does because Globalization is so deflationary. Consumer price inflation for the world has been only 2% a year for the last three years.

MORE POWERFUL THAN A CRUISE MISSLE

The fact that aggressive central bank money creation is not producing high rates of inflation is the most consequential economic development in the modern era. It has made Money creation by central banks the most powerful tool available to economic policymakers.
How that new money is used during the years and decades ahead will determine not only whether asset prices move up or down, it will determine how rapidly the global economy grows and who will benefit from that growth.

The new definition of colonialism or if you wish  INDENTURED SERVITUDE OF A SOVEREIGN NATION ... REMINDS ME OF THE FROG AND BOILING WATER ... THE FROG NEVER KNOWS THAT THE WATER IN WHICH IT IS SITTING IS GETTING HOTTER AND LETHAL UNTIL IT TOO LATE!

BIRDS OF A FEATHER ... WHEN IN THE COURSE OF HUMAN EVENTS ... LYING IS THE BEST

POSTER BOYS OF LYING TO GET AHEAD

Does anyone remember what point Democrat Richard Blumenthal sought to make when he began his questioning of Judge Kavanaugh yesterday? Blumenthal prefaced his questions with a citation of the principle falsus in uno, falsus in omnibus. The gist of the principle is that if a witness is shown to have lied about one thing, one may infer that a witness lied about everything.

The thoughts of anyone familiar with Blumenthal’s own issues with the truth must have wandered, as mine did. It calls to mind the paradox of the Cretan philosopher who posed the proposition that all Cretans are liars (the Epimenides paradox). Senator Blumenthal is such a Cretan. The Hill notes that Senator Tom Cotton brought down the hammer via Twitter:

.@SenBlumenthal lied for years about serving in Vietnam, which is all you need to know about his courage & honesty. Maybe he should reconsider before questioning Judge Kavanaugh’s credibility.

— Tom Cotton (@TomCottonAR) September 27, 2018

Reader David Lunde provides the graphic accompaniment to the Blumenthal Projection.