by Karl Denninger, Market Ticker:
The Democrats have threatened to blow up the Supreme Court, basically, by packing it.
Of course they also are screaming that Trump appointing a justice now is blowing up the court.
In other words, one way or another the Supreme Court is going to get blown up.
I’m not sure I care any more.
The Supreme Court has long ruled however it wants to rule, which isn’t its job. It just arrogated that to itself and nobody has done a damned thing about it. Just like The Fed has done whatever the Hell it wants to do, even when directly contrary to the enabling statute that created it. I remind you The Fed’s actual statute says:
The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.
[12 USC 225a. As added by act of November 16, 1977 (91 Stat. 1387) and amended by acts of October 27, 1978 (92 Stat. 1897); Aug. 23, 1988 (102 Stat. 1375); and Dec. 27, 2000 (114 Stat. 3028).]
Stable prices are not “increasing 2% a year”; they’re stable. Moderate long term interest rates are not near-zero; by definition time has value and therefore to be “moderate” the long term interest rate must be somewhat above the expansion rate of the economy over the same period of time.
The Fed has done no such thing for roughly 100 years. It has done so deliberately. The evidence is incontrovertible, since the price level and interest rates compared with nominal GDP are trivially assessed.
Exactly nobody has ever gone to prison for this nor has The Fed had their mandate pulled.
This is not to your benefit as a common citizen. Ever. It is, however, wildly to the politicians and a handful of people on Wall Street, K Street in DC and others’ benefit. And — it is illegal.
Note that the Constitution sets forth the right of the Federal Government to issue patents (Article I Section 8.) Patents, however, are denied by statute for any “naturally-occurring thing”; that is, you cannot patent a plant, animal, RNA or DNA unless you created it in a lab. Well, there are several coronavirus patents held by US parties. Either this is proof Covid19 was created in a lab funded by and thus with rights assigned to a US entity or said patents are a public fraud committed upon the people of the United States directly by employees of the US Government and thus constitute federal felonies. Which is it?
Note that the very same Article I Section 8 says that the military may be called up to suppress insurrections. What is burning or otherwise attacking a federal courthouse? Well? Law and order eh? What happened when people fired on Ft. Sumpter?
The Civil War was largely due to the refusal of the Federal Government to follow Article I Section 9 which prohibits the preference of one port or goods transited through it versus another. Yet that’s exactly what the Federal Government did and ****ed the southern crop-growing states. If you think that was “merely” about slavery you really need to go read what Lincoln wrote about slaves and what he said he’d like to do with all the black people in America. That SOB was a ridiculously racist ******* and he got a ****-ton of people killed. You might also want to pay attention to the fact that the invention of machinery was in the process of rendering slavery uneconomic. Further, if you consume anything made with palm oil (that would be virtually any cosmetic or packaged food!) or own a pair of Nikes or many articles of clothing you are personally benefiting from slave labor in Asia, specifically Malaysia and China, right now. Oh yes, slavery was a big part of what led to the war, but it was egged on by both sides who wanted to see blood run in the streets. But slavery was hardly all of it; if it had been we would have blown China back to the stone age 20+ years ago. Instead we let them seed viruses into our nation and kill a couple hundred thousand Americans because it makes the stock price of Nike, Amazon, WalMart and more go up despite screwing the common American and their wages blind.
Are we really all that better now than in the 1860s when we loot, burn and shoot because a man shot at the cops who came to raid his residence with a warrant and as a result they returned fire? The Grand Jury in Kentucky correctly found that rounds going into a different apartment by said cops are criminal negligence but firing back when fired upon is not a crime.
It had ******n well better not be a crime — not anywhere in America anyway, no matter the date, time, and who is doing the shooting back. The day that changes it’s time for everyone to shoot now and let God sort out the pile of bodies.
As I have often noted there is no such thing as “resisting arrest”; you decide at the time they come that you’re either going to fight it out in court and thus you surrender peacefully or you kill all of them right there and you better get them all too because they are going to kill you if they can. That’s the decision. It’s binary. “Resisting” is not a choice made by anyone who is sane because you cannot win and whatever the original charge was you just made it much worse with no possibility of gain. Zero-gain, always-lose actions are by definition undertaken only by insane individuals. So those who have rioted, looted and burned in all of these alleged “insults” did so because someone was insane and got what frequently happens when you act violently without the benefit of sanity.
That has exactly nothing to do with skin color so what is all this bull**** about looting, shooting and burning?
Where’s that ****ing asteroid I keep praying for?
Then of course there is the seminal “**** you” to Federalism out of the USSC in the form of Wickard .v. Filburn where they literally tore up the Constitutional separation between Federal and State governments which is the very foundation on which our Republic rests. That alone is cause for an asteroid strike while the Court is in session and at the time was cause for an immediate Revolution. Again, I note the Supremes are not there to decide what the Constitution says; English is a precise language and the Founders were not only really careful with their words they took a hell of long time debating every one of them too. Nor is The Court there to decide how to twist said language, which they have done repeatedly including in both Wickard and Miller. Indeed, if you want to see torture of the English language one need only read Plessy .v. Ferguson.
It took until 1954 and Brown for the Court to recognize that, well, that wasn’t Constitutional after all. I mean, reading is fundamental, eh? Yeah, sure it is.
But if you think that Brown meant we’d go back through the other obviously-defective rulings, such as Miller, Wickard .et.al. you’d be wrong. You’d be very wrong. Nearly zero of those have ever been overturned under this entirely made up thing called “Stare Decisis” which again you will find exactly nowhere in the Constitution.
So let’s talk for just a moment about ACB, Trump’s nominee.
She just recently upheld the lockdowns for Covid19. Her justification? A Supreme Court case on mandatory vaccination against smallpox, a disease with a 30% fatality rate.
That is some one hundred times or more the risk of death from Covid-19.