Financial Freedom

Financial Freedom

The vibration of the spiritual expansion that is enabled by manifesting the kind of wealth that one is able to live freely and absent of any kind of financial limit.

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Empathy…

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There will be times when your very presence will trigger some of those around you.  It is very, very important for you to release the need to take any of it personally.  People on your Earth plane will deal with things in their own time and own ways.  Rather than responding with a ‘knee jerk reaction; step back, look at the situation and imagine yourself as the other person.  How are they viewing the moment at hand?  Are they being what you perceive as reasonable?  Is a reaction to their action really important?  Empathy is the key!
It has been said before and needs to be said again; each of you carries a spark of The Divine within you.  If you are unable to see eye to eye with a person, find that spark and send Unconditional Love.  Remember, you are all in this shift together. (Smiling) ~ Creator

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Vía The Galactic Free Press http://ift.tt/2AUI9Sd

Tax Reform & The “Japanification” Of America

Authored by Lance Roberts via RealInvestmentAdvice.com,

On Friday, Kevin Brady of the House Ways and Means Committee was on my radio program discussing the “Tax Cuts & Jobs Act” bill which was released later in the day.

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Here are the details of the release he referenced in the interview.

Of course, the real question is how are you going to “pay for it?”

Even as Kevin Brady noted in our interview, when I discussed the “fiscal” side of the tax reform bill, without achieving accelerated rates of economic growth – “the debt will balloon.”

The reality, of course, is that is exactly what will happen because there is absolutely NO historical evidence that cutting taxes, without offsetting cuts to spending, leads to stronger economic growth.

Those, of course, are the long-term concerns that will lead to lower rates of returns for equity-based investors and will continue to suppress interest rates for the next decade as the “Japanification” of the U.S. continues.

Let’s Be Like Japan

“Bad debt is the root of the crisis. Fiscal stimulus may help economies for a couple of years but once the ‘painkilling’ effect wears off, U.S. and European economies will plunge back into crisis. The crisis won’t be over until the nonperforming assets are off the balance sheets of US and European banks.”Keiichiro Kobayashi, 2010

While Kobayashi will ultimately be right, what he never envisioned was the extent to which Central Banks globally would be willing to go. As my partner Michael Lebowitz pointed out last week:

“Global central banks’ post-financial crisis monetary policies have collectively been more aggressive than anything witnessed in modern financial history. Over the last ten years, the six largest central banks have printed unprecedented amounts of money to purchase approximately $14 trillion of financial assets as shown below. Before the financial crisis of 2008, the only central bank printing money of any consequence was the Peoples Bank of China (PBoC).”

As he noted, the belief was that by driving asset prices higher, economic growth would follow. Unfortunately, this has yet to be the case as debt both globally and specifically in the U.S. has exploded.

“QE has forced interest rates downward and lowered interest expenses for all debtors. Simultaneously, it boosted the amount of outstanding debt. The net effect is that the global debt burden has grown on a nominal basis and as a percentage of economic growth since 2008. The debt burden has become even more burdensome.”

While Mr. Brady is very optimistic about future rates of economic growth, even Ms. Yellen in her latest policy announcement was not so sure. The Fed’s average of long-term growth expectations is currently running at just 1.9%.

The continuing mounting of debt from both the public and private sector, combined with rising health care costs, particularly for aging “baby boomers,” are among the factors behind soaring US debt. While “tax reform,” in a “vacuum”  should boost rates of consumption and, ultimately, economic growth, the economic drag of poor demographics and soaring costs, will offset any of the benefits.

The complexity of the current environment implies years of sub-par economic growth ahead as noted by the Fed last week. Of course, the US is not the only country facing such a gloomy outlook for public finances, but the current economic overlay displays compelling similarities with Japan in the 1990s.

Also, while it is believed that “tax reform” will fix the problem of lackluster wage growth, create more jobs, and boost economic prosperity, one should at least question the logic given that more expansive spending, as represented in the chart above by the surge in debt, is having no substantial impact on economic growth. As I have written previously, debt is a retardant to organic economic growth as it diverts dollars from productive investment to debt service.

Of course, one only needs to look at Japan for an understanding that QE, low-interest rate policies and expansion of debt have done little economically. Take a look at the chart below which shows the expansion of the BOJ assets versus growth of GDP and levels of interest rates.

Notice that since 1998, Japan has not achieved a 2% rate of economic growth. Even with interest rates now pushing into negative territory, economic growth remains mired below one-percent, providing little evidence to support the idea that inflating asset prices by buying assets leads to stronger economic outcomes.

But yet, the current Administration believes our outcome will be different.

The reality is that the U.S. is now caught in the same liquidity trap as Japan. With the current economic recovery already pushing the long end of the economic cycle, the risk is rising that the next economic downturn is closer than not. The danger is that the Federal Reserve is now potentially trapped with an inability to use monetary policy tools to offset the next economic decline when it occurs.

This is the same problem that Japan has wrestled with for the last 20 years. While Japan has entered into an unprecedented stimulus program (on a relative basis twice as large as the U.S. on an economy 1/3 the size) there is no guarantee that such a program will result in the desired effect of pulling the Japanese economy out of its 30-year deflationary cycle. The problems that face Japan are similar to what we are currently witnessing in the U.S.:

  • A decline in savings rates to extremely low levels which depletes productive investments
  • An aging demographic that is top heavy and drawing on social benefits at an advancing rate.
  • A heavily indebted economy with debt/GDP ratios above 100%.
  • A decline in exports due to a weak global economic environment.
  • Slowing domestic economic growth rates.
  • An underemployed younger demographic.
  • An inelastic supply-demand curve
  • Weak industrial production
  • Dependence on productivity increases to offset reduced employment

The lynchpin to Japan, and the U.S., remains demographics and interest rates. As the aging population grows becoming a net drag on “savings,” the dependency on the “social welfare net” will continue to expand. The “pension problem” is only the tip of the iceberg.

If interest rates rise sharply it is effectively “game over” as borrowing costs surge, deficits balloon, housing falls, revenues weaken and consumer demand wanes. It is the worst thing that can happen to an economy that is currently remaining on life support.

Japan, like the U.S., is caught in an on-going “liquidity trap”  where maintaining ultra-low interest rates are the key to sustaining an economic pulse. The unintended consequence of such actions, as we are witnessing in the U.S. currently, is the ongoing battle with deflationary pressures. The lower interest rates go – the less economic return that can be generated. An ultra-low interest rate environment, contrary to mainstream thought, has a negative impact on making productive investments and risk begins to outweigh the potential return.

More importantly, while there are many calling for an end of the “Great Bond Bull Market,” this is unlikely the case. As shown in the chart below, interest rates are relative globally. Rates can’t rise in one country while a majority of economies are pushing negative rates. As has been the case over the last 30-years, so goes Japan, so goes the U.S.

Unfortunately, for the Administration, the reality is that cutting taxes, and MORE debt, is unlikely to change the outcome in the U.S. The reason is that monetary interventions and government spending don’t create organic, and sustainable, economic growth. Simply pulling forward future consumption through monetary policy continues to leave an ever-growing void in the future that must be filled. Eventually, the void will be too great to fill.

But hey, let’s just keep doing the same thing over and over again, which hasn’t worked for anyone as of yet, hoping for a different result. 

What’s the worst that could happen? 


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Bitcoin, Tulips, and Power Consumption

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FS Staff – On the day we are writing this, bitcoin traded as high as $19,227.08. The price increase for 2017 has been so explosive that major media outlets are now providing regular price updates around the clock while profiling a new crop of bitcoin millionaries…

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How to Act Compassionately Towards Transgender People: Do Not Encourage a Delusion

Via The Daily Bell

I’m not allowed to say what I am about to say, according to the mainstream media.

They claim the only reason I would make this argument is that I am full of hate.

The truth is, I don’t want to see the media dupe people with a mental health condition into making destructive decisions.

I came across a news story about an entire family in transition. First, the son began a transition to female, and then the daughter to male, followed by their mother to male. The mother then met someone transitioning to female, and they are now engaged.

Is it “wrong” to say, mother, son, and daughter? Is that now considered “hate speech”? It is almost impossible to coherently discuss transgender issues without running afoul of politically correct speech.

All I know is that I had to read the article twice to understand who started as male, who was female, and what they now identified as. Already politically correct speech is clouding the ability to convey basic facts.

The Media Bullies Anyone Who Wants to Have a Rational Discussion

CNN invited Ben Shapiro on as a stand-in punching bag to discuss Caitlyn Jenner. This was in 2016 just after Jenner won some award for being super brave about transitioning.

 

Do you see the way they all team up on Shapiro and try to beat him into submission? They tell him he is full of hate. They say he is angry inside. They bully him. They yell at him.

And the strong-jawed person with long blond hair sitting next to Shapiro threatens him with violence while laying hands on him saying, “You cut that out now, or you’ll go home in an ambulance.”

What the hell is going on?

Shapiro is simply trying to have a discussion about biology and sex. He can’t even get his point out because all the other guests attack him for using the correct words to describe objectively true facts.

What is accepted as true on CNN is the statement, “We both know, that the chromosomes do not necessarily mean that you are male or female.”

But in the real world of biology, that is exactly what that means.

Yet the public is supposed to accept the falsity without protest, or even discussion. Shapiro was threatened with violence for asking a transgender person what chromosomes are present in their cells. The message is if you don’t want to be singled out and bullied, accept what we tell you as the truth.

The media uses phrases like “gender confirmation surgery” and “sex assigned at birth.”

A surgery which changes superficial indicators of sex confirms your gender. A biological fact at birth is an arbitrary assignment.

What Does the Science Really Say?

Make no mistake, the people pushing all this confusion are not at all consistent nor scientific.

They say that gender is a social construct that can be chosen. That is redefining what the word gender means, but fine. We can make a distinction between gender (cultural expression of sex) and sex (biological anatomy).

So then who cares if a boy likes dresses and tea parties, and a girl likes getting dirty and playing video games?

But the media isn’t done. They turn around and say you can change your biological sex to match your gender expression.

This is not true.

They can redefine the word gender to refer to stereotypical expressions of sex. But they cannot ignore the science that sex is defined by the chromosomes in your cells.

You can’t even get an accurate picture of any science behind gender dysphoria from supposedly scientific publications. They join in to blur the lines between science and propaganda.

National Geographic ran a story exploring the lives of transgender children. Except that they also throw in a case of a chromosomal condition where a child is born with both male and female genitalia. Another case details an enzyme deficiency which causes a child’s sexual organs to appear female until puberty when a surge of testosterone causes the male development of the sexual organs.

These conditions are real medical anomalies which blur the biological lines between the male and female sex. They are entirely different from the mental condition in which people self-identify as the opposite sex but show absolutely no physical attributes of that sex.

I don’t doubt that these people feel like the opposite sex. They are allowed to feel and act as they wish.

What they cannot do is force me to play along. They cannot force me to ignore science, and pretend that they are capable of becoming the opposite sex. They cannot force people to lie to their children and teach them that you can switch from one sex to the other. You cannot.

But you can go to extremes in how you express your gender. This includes irreversible mutilation meant to make your genitals look like those of the opposite sex. This also includes barely tested hormones and drugs which could very well cause serious health issues.

The media is helping to push life-altering drugs and surgery on people, including children.

The media is convincing people to make decisions they may regret, and imbibe substances that are untested, and carry serious risks.

And the media’s lies about the science behind “gender reassignment surgery” is making life harder for people with the mental condition called gender dysphoria.

What is Going on Here?

It all seems like an elaborate test to see how easy it is to control people. When the news says jump, we are supposed to say how high. There is to be no discussion of science, and no room for dissenting opinions.

I agree with Ben Shapiro. There is no hatred in my opinion. I don’t even have a problem with adults transitioning if that is what they want to do. I believe in freedom, so I would never want to restrict any individual’s action that doesn’t hurt anyone else.

But I think the media is using and abusing people with a serious mental health issue.

I don’t think the “solutions” put forward are healthy. And I will not be bullied into joining a mass delusion about the ability to change sexes.

I won’t join in and encourage transgender people to get surgery and take drugs that are dangerous. I certainly won’t lie to kids about the definition of male and female.

And I believe it is child abuse to allow a kid to take hormones and mutilate their genitals in an attempt to appear as the opposite sex.

On the other hand, think parents should allow their kids the freedom to dress and act however they want. If their interests are those more typical of the opposite sex, so be it. If your son wants to wear dresses, grow his hair out, and be addressed as she, I don’t think it is crazy for a parent to allow this. By all means, let your kids express themselves freely.

But once you start giving hormones and life-altering surgery to ten-year-olds, that is child abuse.

When it comes to adults, I also have absolutely no problem with people dressing however they want to dress, and cutting their hair in whatever way they want. By all means, eschew traditional gender roles. Act the way you want to act. Honestly, who cares what other people think? Who cares what I think?

But it is from a compassionate standpoint that I urge people who identify as the opposite sex to think twice about surgery and drugs. What happened to not having to change in order to love yourself? What happened to being perfect the way you were born?

I understand that people may truly wish they had the opposite sexual organs. But it is not at this point possible to acquire functioning sexual organs of the opposite sex. You can mimic the way they look, but you cannot change your biological sex.

The Compassionate Way to Deal With Gender Dysphoria

In the transgender family, the kids wanted to express the opposite gender before the mother. So the parents do not appear to have directly influenced the kids’ gender identification. The mother claims transgenderism runs in the family. And this may very well be the case. Mental conditions are often hereditary.

But again Shapiro brings up a good point. We don’t tell schizophrenics that they are hearing real voices in their heads. That would be cruel. Instead, we attempt to help them.

The suicide rate for transgender people is alarmingly high. But Shapiro claims the rate is the same before and after a transition. That means transitioning does not alleviate mental anguish.

So is it really so crazy to think of other possible solutions?

Maybe mutilating sexual organs and taking hormones to make the body mimic the opposite sex is not the best treatment.

You cannot change the chromosomes in your body. You cannot produce sperm if you are a woman, and you cannot ovulate if you are a man. That is science. And still, when Shapiro says these things, he is called a bigot, a hate-monger, and so on and so forth.

But like Shapiro, we should not yell back at the bullies. We should not engage them at their level.

Now more than ever, rational people must stay cool, calm, and collected. This is a message of compassion, not of hate.

The media is not compassionate to transgender people suffering from mental anguish. They feed into their delusions. They encourage “solutions” that do not actually solve the problem. The media tells transgender people that they can mask their condition with surgery and drugs.

They should encourage people to get psychological help to accept themselves without altering their bodies. And they should be honest about the science behind sex changes.

Except for some rare medical disorders, you are the sex you are born.

If people want to express themselves as a gender typically associated with the opposite sex, that is their choice. I would never bully someone for that, and I sincerely hope others would treat them with respect as well.

But compassion and civility do not require the denial of biological fact.

Turning Point

Is this a deliberate attempt by the media to brainwash people? It certainly seems like a concerted effort to derail an objective discussion. It’s like they are testing how easily they can control what people say and think.

This is a crucial point where we will decide if freedom of speech and freedom of thought still exist. Will we move forward “allowed” to discuss science and mental health without being threatened with violence?

Or will we be bullied into submission, afraid to speak or even think the wrong way? Will we become thought criminals for daring to think against the mainstream viewpoint?

Labelling people as hateful for disagreeing ensures a narrow perspective. It is a way to ignore legitimate viewpoints by pretending they come from a position of ignorance and anger.

Rational people should have no problem putting emotions aside to discuss the science behind gender and sex.

Finally, why do they need my, or Ben Shapiro’s approval anyway? Why does that even matter to them? We aren’t saying they should be stopped from expressing themselves. We aren’t threatening them with violence–quite the opposite!

There are people that don’t like the way I live my life. In fact, Ben Shapiro considers certain things I do sinful. And I don’t care because I don’t need Ben Shapiro to endorse and accept every aspect of my behavior.

Live the life you want to live, and by all means resist anyone who tries to stop you. But don’t try to force others to endorse or praise your actions and beliefs.


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