Friday, May 26, 2023

Neil Peart And Keeping The Sabbath


Decent  job on the beard (although I highly recommend professional help - because barbers have to eat too). To say that anyone in Rush is Canadian is redundant.

Priests working on Saturday and Sunday is part of the job description. Don't sweat it. Jesus said that the Sabbath is for man, so we should not worry about breaking it, especially not to do ministry. Just take Tuesdays off - not even funerals - which are a Monday thing if you don't have them on Sunday. 

An alternate sabbath is a concept that priests should embrace, especially for teenagers. When I was in High School, I was a dishwasher. Because I am (was?) Catholic, the Sunday obligation meant going to Mass - which has replaced the Sabbath. This makes it convenient for scheduling young people to work during both days of the weekend. We cannot go back to 

Blue Laws, but for their own benefit, Mondays need to be made a day off from high school - which includes a ban on weekend homework.As a moral voice of the community, please work on that. Teenagers need this badly. It is one reason they suicide. Too much constant pressure. Please work on this.

Monday, May 22, 2023

Let's talk about currency & companies and peas & carrots....


American capitalism is backed by mutual, insurance, pension, retirement savings and deposits in Federal Reserve Banks and their loan portfolios containing Treasury Notes and Bonds. China and Japan also hold bonds so they can trade with the US. Other overseas bonds are held by capitalists in tax havens - lots of whom are American billionaires. The top 1% hold half the mutual and bond holdings and 25% of longer term assets. families making less than $150K per year (this includes retirees, not so much for most workers) hold about a quarter of the bonds and mutual funds and less than half of the long term investments. Those with incomes between $150K and $500K hold the remainder - roughly a quarter of the debt held in any account. Those are the people who will later hold all of the assets retirees hold. 

People who labor have nothing. Not even cash. They are owned by capitalists. They do not own capital. The only thing they do own is their share of the debt held by the Social Security and Medicare Trust funds. These are the funds the GOP wants to force more money into from workers. 

What is my source for this analysis. The Survey of Consumer Finance held every three years by the Federal Reserve. Last reported survey is 2019 (pre pandemic). There was a survey gathered last year that will be reported about a year from now.

The GOP members and staff who are playing with debt default are essentially putting their donor base at extreme risk. They are either bluffing or stupid. My guess is the latter.