Controlling Inflation

Inflation is generally controlled by the Central Bank and/or the government. The main policy used is monetary policy (changing interest rates). 

However, in theory, there are a variety of tools to control inflation including:

• Monetary policy – Higher interest rates reduce demand in the economy, leading to lower economic growth and lower inflation.
• Control of money supply – Monetarists argue there is a close link between the money supply and inflation, therefore controlling money supply can control inflation.
• Supply-side policies – policies to increase the competitiveness and efficiency of the economy, putting downward pressure on long-term costs.
• Fiscal policy – a higher rate of income tax could reduce spending, demand and inflationary pressures.
• Wage/price controls – trying to control wages and prices could, in theory, help to reduce inflationary pressures. However, they are rarely used because they are not usually effective.

SOURCE:  EconomicsHelp.org

BUT...

the current administration must be willing to admit that there is a problem in order to fix the problem...  and if, the administration refuses to admit that there is a problem...  inflation will continue to worsen...

HOWEVER...

the Federal Reserve System that operates outside of the control of the President and their administration can increase interest rates to reduce the supply of money in the marketplace as it tries to ease inflation.

UNFORTUNATELY...

if the Federal Reserve System does raise interest rates, there is a good possibility that this will send the economy into a recession...  a recession will cause layoffs and a corresponding reduction of economic growth.

It still continues to amaze me that our elected political leaders make decisions that put them into a category of being ECONOMICALLY STUPID...

That is my RIGHT...

US Constitution
Tenth Amendment
Rights Reserved to the States and to the People
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

In my unconstitutionally educated opinion, this amendment addresses the right of a female to have an abortion...  

If some states turn their back on this fundamental right, then the people can vote to remove those legislatures from office or travel to another state where abortions are permissible. 

However, I would suspect that whatever each state allows or disallows, it only pertains to those individuals that were born with female organs at birth.

At the present time, we do not have the capabilities that would allow a transgendered individual to get pregnant, and carry a fetus in their womb for 9 months in order to give birth.

It is a man's right to try and change as much of his body as is scientifically possible so he becomes as much of a woman as possible, but it is still impossible for that trans person to get pregnant...

An adoption is still an option.

Abortion was never the responsibility of our Federal Government as the constitution never once addresses abortion...  therefore and by default it falls into the domain of the states.

Personally, I don't think any state should deny a female the right to have an abortion simply because their religious beliefs are influencing them.

If I want to smoke, that is my right

If I want to become obese, that is my right

If I want to refuse treatment for a medical condition, that is my right

If I want to give up my citizenship, that is my right

If I want to become a criminal, that is my right

If I want to change my sex, that is my right

If I want to become a communist, that is my right

If I want to give up my freedoms, that is my right

Life in MY LANE

In 31/2 months, I will have completed my 15th year of living with cancer specifically non-Hodgkin's Lymphoma (SLL), and my 10th year of living with another cancer specifically Accrual Lentiginous Melanoma that spread from my left foot to my left groin to the left side of my neck.  I have had over 150 infusions (that included both chemotherapy and immunotherapy drugs), two surgeries, and 6 radiation treatments.  Currently, I have a CT scan every 3 months as my cancers are unpredictable.

There were times when I wanted to die because I was vomiting so much and trips to the ER with infusions of Zofran were the only cure.  There were times when I did not feel that I had cancer at all and none of my treatments caused my hair to fall out.  However, the treatments not only screwed up my thyroid but caused me to be susceptible to basal cancers and squamous cancers several of which I have had surgically removed in a clinic.

Because of pre-treatment steroids to keep down sickness, I gained 30 lbs of weight over a 10-year period of time that I have subsequently lost.  However, I am experiencing extreme fatigue, loss of appetite, anxiety, and mild depression, along with anemia, low to non-existent immunity, and night sweats that are so profound that in many cases I sweat through a bathrobe that I have put on because my sheets were completely wet around my chest and mid section.

There is something comforting about still being alive to complain...

In 2009/2010, I went to NYC 3 times to have stents put into my heart arteries instead of having a triple bypass.  An angioplasty in 2022 revealed that the stents were still pristine and doing exactly what they were supposed to be doing...  although, I believe my diet has supplemented their effort, as I stopped eating red meat at age 60, concentrating on vegetables, fish, chicken, and legumes that some people might refer to as beans.  I especially like black beans, white beans, pinto beans, and lentils.

Five weeks ago, I had back surgery to fuse L2-L3-L4-L5-S1 together and while the pain from the actual surgery was minimal, learning how to walk again has been a real pain in the ass.  I was told that I should see significant results by week 12...  and, I hope that is the case because my results at week 5 SUCK.  I can only walk unaided for about 10 minutes.  I cannot walk up a staircase without using the handrail to pull me up...  but, I can walk down just fine.  I just started standing in one place without discomfort and just started being able to stand erect without bending over.  I still cannot put on socks, tie my shoes, or lift anything over 12-15 pounds.

Interestingly, I can walk in a pool unaided and have done so for over an hour without getting tired.  However, the results do not translate 100% when I am out of the water.  It seems that my back muscles are having to learn all over again to help me walk.  Also, walking any distance today is a huge chore and I find myself expending a lot of energy that I never needed to expend before.  If I walk around the track once at the Community Center which is 1/16th of a mile, my t-shirt is soaked with perspiration and I feel rather exhausted...  both sensations are not normal for me.

I consented to the surgery at 74 because I figured it would be harder to recover the older I became.  It was only about 3-4 months ago that this even became a problem.  I woke up one morning and after getting out of bed found that I had difficulty walking and that pain shot down both my legs from my butt.  It was 6 weeks before I could see the orthopedic specialist and his diagnosis was later confirmed by an MRI, but he told me up front that this was old age...  and, if I had not been as healthy and active as I was, it would have been worse...

Hell that was comforting...

WTF is going on here?

 

9% Inflation...  what asshole caused this to happen?

I realize that I may not be the sharpest knife in the drawer, but I am also aware that 9% is the highest inflation has been in over 40 years...  and, I am reconsidering just who the hell I am going to vote for in November...  I am an independent so I don't have the kiss the asses of the Democrats or the Republicans when it comes time to cast my vote...  I just have to look at the way things around me are going and then see which party is in power and vote in favor of the opposite party.

That's pretty damn simple if you ask me...

If the country is doing well, I vote for the party in power but if it is doing poorly, like now, then I vote the other party...  that way I can tell them to kiss my ass like they want me to kiss theirs...

Hair Flow

 

Robots Replace 800 Million Jobs by 2030

CNBC REPORTS

A new report released by McKinsey & Company indicates that by 2030, as many as 800 million workers worldwide could be replaced at work by robots.

The study found that in more advanced economies like the U.S. and Germany, up to one-third of the 2030 workforce may need to learn new skills and find new work. In economies like China’s, roughly 12 percent of workers may need to switch occupations by 2030.


The report also provides insight into the industries that will be least impacted by robots and the skills needed to fill those positions.

For some industries, an increase in automation won’t mean a decline in employment, but rather a shift in the tasks needed to be done. For example, any job that involves managing people, applying expertise and social interaction will still be necessary, human performance in those areas can’t be matched by a machine.

However, jobs involving mortgage origination, paralegal work, accounting and back-office transaction processing can easily be wiped out by automation.

A LinkedIn post focused on the report noted that some workers are already catching on to the need to boost the skills sets. Research by the networking platform found that fewer professionals are adding accounting and financial reporting to their profiles. Instead, employees are beefing up their online resumes with more soft skills like management, leadership and customer service.

While the impact of robots and automation may be scary to some, Bill Gates says the issue is nothing to panic about.

“This is a case where Elon [Musk] and I disagree,” he said in a Wall Street Journal interview, in which he addressed Musk’s gloomy vision of the future.

According to Gates, anyone with skills in science, engineering and economics will always be in demand...

The Waterfall

 

A World Reimagined

Step out of that time machine and you’ll see 2030 looks a lot different from 2020 or even 2025. These days work is more rewarding, because 4th Industrial Revolution (4IR) technologies have largely removed the monotonous stuff. What’s more, people are healthier, they get around easier, and have almost gotten used to all the drones.

Work has been reshaped by 4IR technologies including artificial intelligence (AI), machine learning (ML), Internet of Things (IoT) and robotics all working in concert. Office workers are no longer subject to boring tasks like data entry and document reviews, because intelligent automation solutions can “read” even complex unstructured content and deal with it effectively. Intelligent apps can even ferret out just the important emails in your inbox.

“Instead of data being centralized in a data center, or even in a cloud, where you can store it there in the cheapest manner, in the 4th Industrial Revolution, data must reside, be used, and be accessed everywhere,” says Paul Savill, Senior Vice President for Products and Services at Lumen Technologies

That leaves us humans to focus on important, strategic endeavors – we love that. And we have so many digital tools at our disposal to help with decision-making. Digital twin technology is now de-rigueur and combines with AI/ML technology to help us accurately predict how changes to processes, systems and even building infrastructure will work out. It really brings out the creativity in folks.

In factories and warehouses, robotics has likewise proved to be a game-changer. Sensors in robots combine with local edge and cloud-based ML applications to enable robots to react to changes in their environment, freeing them up to perform most any task. Here again, they relieve humans of the most repetitive and sometimes dangerous tasks while dramatically lowering costs. Many warehouses are now fully autonomous, with only one or two humans around just keeping an eye on things.

Yes, all those robots have taken jobs that once belonged to humans. But, thanks in large part to AR/VR technology, we’ve gotten much better at helping folks retrain for better-paying, more rewarding work. (The renewable energy sector is just booming, for example, as is tech. Even with AI/ML and predictive maintenance, it still takes a ton of people to deploy all these 4IR systems and keep them up and running.)

4IR technology has also found its way to rural areas. IoT sensors and applications enable farmers to monitor metrics like soil moisture and weather. Farmers now routinely have IT staff to implement tools that lead to more informed decisions, increased yields and improved productivity.  READ MORE...

Herd of Horses

 

Robots in 2030

Robots are already all around us, whether it’s the automated machines that assemble our vehicles or the virtual assistants that use conversational interfaces to help us around the house. Yet as we’ve seen, they’re not currently suitable for all areas of life. But will that change in the future?

Despite fears of an AI takeover, where machines replace humans as the dominant intelligence on the planet, such a scenario seems unlikely. However, business network PwC predicts that up to 30% of jobs could be automated by robots by the mid-2030s.

Other reports suggest that the stock of robots worldwide could reach 20 million by 2030, with automated workers taking up to 51 million jobs in the next 10 years. So, while they may not take over the world, we can expect to see more robots in our daily lives.
How robots will change the world

According to a report from McKinsey, automation and machines will see a shift in the way we work. They predict that across Europe, workers may need different skills to find work. Their model shows that activities that require mainly physical and manual skills will decline by 18% by 2030, while those requiring basic cognitive skills will decline by 28%.

Workers will need technological skills, and there will be an even greater need for those with expertise in STEM. Similarly, many roles will require socioemotional skills, particularly in roles where robots aren’t good substitutes, such as caregiving and teaching.

We may also see robots as a more integral part of our daily routine. In our homes, many simple tasks such as cooking and cleaning may be totally automated. Similarly, with robots that can use computer vision and natural language processing, we may see machines that can interact with the world more, such as self-driving cars and digital assistants.  READ MORE...

Another Sunset

 

What Do We Do?

 

9% Inflation...

Thanks to the policies of Joe Biden and the Democrats...

So, how do middle class Americans deal with this shit?

• We spend less
• We buy less
• We travel less
• We find cheaper substitutes
• We save less
• We invest less
• We find alternatives

Personally, my wife and I will not drive our cars as much.  We will make appointments on the same day instead of two.  We will not go on vacations as much.  We will buy cheaper products at the grocery stores that may not taste as good or last as long.  We are growing our own veges in our backyard.  We will not go to restaurants as often or movies either.  We will not spend as much money in general so that we can continue with our level of savings.

Instead of going to the Community Center to exercise where we have to pay, we will walk around our community earlier in the day to avoid the humidity and pay absolutely nothing...

We have talked with others in our same or similar situation and all of them have said the same thing basically...  if this holds true throughout the state and other states, then our economy is in for a huge slowdown...  and, that slowdown will cause businesses to layoff workers (and perhaps close).  Laid off workers will spend less and cause the government to pay out more in unemployment insurance.

Things for the middle class will only get WORSE...

HOWEVER...

the wealthy will hardly notice a change at all... as they have so much money they will continue to live like they are living now, looking down their noses at all of us who have to make adjustments...  not offering to help at all because we all have an equal chance at being like them...  or at least that is what they think...

Only One Way Out of Inflation

Jerome Powell - Bank of America

Severe recession needed to cool inflation, Bank of America analysts say

Bank of America: 'Sticky' inflation could take some time to come down

FOX BUSINESS REPORTS...

The only way to cool down inflation is with a recession...  economists define a recession as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

In this case, SEVERE means intense and longer than normal...  whatever normal is because in an economic sense normal is a flexible variable and difficult to define when situations occur that are different than expectations...

This means a recession could last for the next two years of the Biden Administration...  and, if our recession is this severe then you should expect lots and lots of layoffs, a reduction of goods and services to the marketplace resulting in much higher prices.  The Fed will continue to raise interest rates making it rather difficult for individuals, families, businesses, and corporations to borrow money.  These higher rates will apply to ALL LOANS and MORTGAGES.

Our Gross Domestic Product (GDP) will decline which means our economy will decline...  and, as our economy declines then the value of our dollar will decline as well.

• Businesses will spend less
• Consumers will spend less
• Banks will loan less money
• Unemployment will increase
• The Govt might extend unemployment benefits
• If the govt spends more our debt will increase
• Businesses will not expand operations
• Businesses will not invest in future technology
• Businesses will not be globally competitive
• States will reduce services
• Cities will reduce services
• Illegal immigration will deplete resources
• Crime and violence will increase

REMEMBER:  it was not Trump's policies that caused this to happen...  it was Joe Biden's policies that caused this to happen, starting with his attack on the OIL INDUSTRY...

What we are experiencing are the UNINTENDED CONSEQUENCES OF THE DEMOCRATS...

About my Novels

 

My first novel, Lord of the Harvest, was ten years in the making.  In 2015, when I first started writing it, I changed the name to The Cosmic Priesthood because there was an element of science fiction that I wanted to highlight.  When I decided to edit the novel for possible publication with Amazon KDP, I changed the name again to Earth's Hidden Keys: Cosmic Priests Break their Vows.

Twelve keys hidden on earth with each of the 12 major religions have to be collected and assembled by a deadline in order to save earth from destruction.  There are forces assembled to try and prevent that from happening and there are forces that are trying to help that happen.

At the same time, cosmic priests have decided to observe but not interfere...  yet there are some cosmic priest that covertly help both sides.

Will earth be saved?

Can earth be saved?

My second novel, Holding On, is about a billionaire who not only tries to capture the honey bee market but who deals in human trafficking, drugs, and illegal weapons.  He is pursued by the FBI and eventually is brought to trial but receives judgement before the jury renders a verdict.

My third novel, Beyond the Milky Way, returns to the cosmic priests and explores the adventures of how they help the human beings from earth who have colonized Mars and numerous other planets fight off the invaders from not just another galaxy but from another dimension.

My fourth novel, Operation Morning Expresso, took place in Paris, France and was a CIA adventure about an agent who had lost his memory due to a traffic accident and when he finally awoke and tried find his past, he discovered that he was really a double agent and had been planted into the CIA by Russian intelligence (FSB & KGB).  Due to a virus on my computer, chapters 4-12 were lost.  I have decided to reconstruct the missing chapter using the notes that I kept while writing, but will be changing the name to Deception in Paris.

My fifth novel, Operation Morning Desert, has 8 of 12 chapters completed, but before I continue with the remaining 4 chapters changed the name to, Hunting the Scorpion Scarab.  This novel is also a CIA spy novel set in Cairo, Egypt where the terrorist planning committee is located and led by the Scorpion Scarab.  The CIA agent is posing as a professor at the American University.

My sixth novel, The Ghost Dancer, has not been written yet but a detailed chapter by chapter outline has been created around which my writing will evolve.  The story focuses on Native American Reservations across the United States where fringe groups are involved in human and drug trafficking and a Native American FBI agent, Silas Longfellow Sahoka is tracking them down after they kidnapped his wife and children.

My seventh novel, Caucasian Born, is an autobiography of sorts, but mainly it is about what it is like to have been born white to a lower middle class family without any privileges at all other than my own motivation and determination.  I was not born a white supremacist, nor was I born into wealthy and privilege.  I had no advantages whatsoever even though I was white and refused to let anyone open any doors for me.  I dropped out of college and enlisted in the Navy and did not follow in my father's footsteps who was an officer in the military.  This novel will be my response to CRT, BLM, Cancel Culture, and the fact that I do not feel guilty because my ancestors may have been involved with slavery.

Amateur Chef/Cook

I have watched several cooking shows on Hulu and prior to leaving Charter on cable and while I found them to be interesting, I did not have my pots and pans and utensils ready and waiting so I could cook along with them.  I have gotten ideas on what to cook with what, but other than that, I am pretty much cooking on my own.  I used the internet a lot to learn what spices should be used or how to set the oven temp and time, and aside from that, I am pretty much on my own.

I have cooked a variety of loaves of bread including baguettes, doughnuts, cakes, pies, lasagna, spaghetti, soups of all sorts, omelets, quiches, and casseroles.  From my perspective, recipes while providing a framework are not necessarily meant to be followed.  I typically combine whatever I think will go together based on past experience and toss in a couple of extra items for shits and giggles.

I seldom use red meat but when I do it is usually beef that I cook a long time so that it can be shredded.  However, my wife showed me today how I could put the cooked meat in a small hand grinder and after a couple of pulses have shredded beef...  cutting down on my cooking time.

So, my meats are usually turkey burgers, turkey hotdogs, turkey sausage, chicken, and some kind of fish like cod, tuna, orange roughy, or salmon.  I love veges and pretty much always use, bell peppers, mushrooms, onions, green onions, beans (black, white, pinto, lentils), peas, split peas, sweet potatoes, potatoes, spinach, cabbage, garlic, squash, broccoli, cauliflower, carrots, and zucchini.

My goto spices are pepper, sea salt, basil, oregano, chives, parsley, dill, and paprika.  I also use honey mustard, ketchup, A1, soy sauce, and seasoning sauce.  I use basmati rice and angel hair pasta as fillers.

My equipment is a gas stove top and oven as well as a portable electric grill top for one pot, an instapot, and a multi-purpose air fyer.

The downside to my cooking experience is that I have limited experience on an outside gas grill and when anything is cooked outside then my wife does the cooking.

The reason I got into cooking was that in 2015 when my wife and I retired, she informed me that she was no longer cooking as part of her retirement package...  so, if I wanted anything to eat, I had to do my own cooking.  And, that is how it began...

In the first few years of her retirement, she cooked Thanksgiving and Christmas meals and if anyone was coming to our house for dinner but nothing else...

All Different

 

Walking Lowers Blood Pressure

Can walking lower blood pressure? 

While we’ve long known that walking brings with it many health and wellbeing benefits, including strengthening our bones and muscles and helping us to maintain a healthy weight and lose body fat, it turns out that the walking perks don’t stop there.

According to a paper published in Current Hypertension Reports(opens in new tab), regular physical activity is associated with lower blood pressure and therefore reduced cardiovascular risk. 

And walking to control your blood pressure, whether it be in the great outdoors or on one of the best walking treadmills, is no different.

Dr. Mahmoud Al Rifai, a member of the American College of Cardiology(opens in new tab), tells us: “We frequently advise our patients to engage in moderate-to-vigorous physical activity, and that can include walking.” And it’s not hard to see why.

According to the Centers for Disease Control and Prevention(opens in new tab) (CDC), hypertension (the more formal term for high or raised blood pressure) affects 47% of people in the US. 

With the CDC estimating that only one in four adults with hypertension have their condition under control, finding a reliable and consistent way to keep your blood pressure within healthy limits is more important than ever.  READ MORE...

Just A Few More Points

Here we are again...  looking down the barrel of someone else's rifle...  I want to say I am surprised...  but I am not...

Now, I didn't much care for Trump and his wealthy arrogance, but the man did build a healthy economy by following Reagan's advice...  

And, he didn't take no shit off of anybody...  whether was Putin or that Kim fella, or them Chinese over in Asia somewheres...

And, if it weren't for that China Virus our damn economy would still be rockin' and rollin' along...

It's kinda sad when I think about it now, the Democrats spent all that money, time, and focus on something that was a HOAX...  and, it looks like this Durham report is gonna finally set things straight...  but ya know something...  here in America, the WEALTHY get away with anything they want and the damn mainstream media covers it up for them...

This ain't my America...  nor is it the Democratic Party of JFK...  that's when I was proud to be both.

Now, we got food shortages...  higher gasoline prices...  hell, prices on everything are increasing while wages are increasing but at a lesser rate...  that means, we are all going in the hole...  how in the hell is that build back better...  BIDEN???

Don't even think about getting rid of Biden because Kamala Harris is right behind him...  and if he turned a corner too quickly, she would break her nose...  I mean, she would make things worse, if she was President.  Keep Biden in the white house PLEASE...

Flying Dolphin

 

Gas Stoves Leak Toxins

What's happening
A new study shows natural gas to contain more carcinogens than previously thought. The same study found that about 5% of stoves leak small amounts of gas when not in use.

Why it matters
While more research is needed to nail down the dangers, these findings could mean your gas stove is emitting harmful amounts of airborne toxins into your home.

What's next
We've provided some easy ways to mitigate risk while we wait for more conclusive results on exposure levels and health risks associated with the study's findings.

A new study from Harvard's T.H. Chan School of Public Health found that natural gas used in homes contains more toxins than previously thought. It also shows that gas-powered kitchen stoves often leak low levels of potentially harmful gas, even when they're not on.

The 16-month study published on June 28 in the journal Environmental Science & Technology took samples from 69 stoves in homes serviced by three different natural gas companies across the Boston area. Testing of the precombustion (unburned) methane gas found over 300 chemicals, including 21 airborne toxins. Those toxins notably included low levels of benzene, a known carcinogen, which was discovered in 95% of the natural gas tested.  READ MORE...