Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: History

The Unlamented Passing of a “Free Trade” Pro-illegal Immigration Fraud, Peter Sutherland

This article was published by The McAlvany Intelligence Advisor on Monday, January 15, 2018: 

DAVOS/SWITZERLAND, 27JAN11 - Peter D. Sutherla...

Peter D. Sutherland

Peter Sutherland lived just long enough to see his dream – a beige world filled with non-resistant sheeple – seriously challenged. He is quoted as saying that plans to extricate itself from the European Union by the United Kingdom (Brexit) are “insane” and “morally indefensible.” During President Trump’s first year in office, Sutherland was in declining health (he’d suffered a heart attack last year and had never fully recovered) and so quotes about his opinion of MAGA and “America First” aren’t available. But during Trump’s presidential campaign Sutherland was in full throat:

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Credit Card Debt Hits $1 Trillion; Wall Street and Michael Snyder Yawn

This article was published by The McAlvany Intelligence Advisor on Wednesday, January 10, 2018: 

Michael Snyder rivals only David Stockman in his pessimistic economic outlook, reflecting that outlook by naming his blog “The Economic Collapse.” On the first day of the New Year, Michael dug into his files for the most “crazy” numbers from 2017. He found 44, including these:

One out of every ten young adults in the United States has been homeless at some point over the past year;

 

The United States has lost more than 70,000 manufacturing facilities since China joined the WTO in 2001;

 

A total of 6,985 store locations were shut down last year, and we are expected to break the record again in 2018:

 

Only 25 percent of all Americans have more than $10,000 in savings right now; and

 

44 percent of all U.S. adults do not even have enough money “to cover an unexpected $400 expense,” according to the Federal Reserve.

What’s missing from Michael’s list? Credit card debt, student loan debt, and vehicle financing debt. Surely he was aware of these numbers, but for some reason didn’t include them in his list. For the first time in history, credit card debt last year hit $1 trillion, eclipsing the record set back in 2008 following the real estate collapse and the beginning of the Great Recession. Snyder didn’t mention the nearly $3 trillion in “non-revolving” debt (i.e., auto and student loans) either. Seeking Alpha called these numbers “scary” but Snyder ignored them.

A closer look behind the numbers reveals that these may not be such “scary” numbers after all. Perhaps that’s why Snyder ignored them, simply because, by his definition, they didn’t qualify as “crazy.” For one thing, fewer than 40 percent of all households carry any sort of credit card debt. Among millennials ages 18 to 29 only a third even have a credit card.

Next, the ratio of income to credit card debt at the end of 2017 (before the new tax cuts) was already declining with the ratio of credit card debt compared to the nation’s gross domestic economic output at about 5 percent, compared with 6.5 percent in 2008.

Also, credit card delinquencies remain way below the 9 percent historical average, at just 7.5 percent, and far below the rate of 15 percent touched following the 2008 financial crisis.

There’s another way to look at credit card debt: compare outstanding balances to incomes.ValuePenguin performed such a service, showing that households with annual incomes of between $25,000 and $100,000 have less than $7,000 in outstanding balances on their credit cards. Further, that analysis showed that the average has increased only slightly since 2013.

With almost two million more people working today than held jobs a year ago, and others enjoying wage and salary increases, that $1 trillion in credit card debt becomes far less “scary.” In a $20 trillion economy that is growing at three percent a year, $1 trillion in credit card debt may reflect that growth as banks are willing to issue more cards to more credit-worthy individuals and those individuals, having perhaps learned lessons from the Great Recession, are using them more prudently. That “trillion” dollar number may instead reflect a growing and increasingly healthy economy employing more people making more money who are using credit opportunities more wisely.

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Sources:

USATodayCredit card debt hits new record, raising warning sign

SeekingAlpha.comCredit card debt on watch

Michael Snyder: 44 Numbers From 2017 That Are Almost Too Crazy To Believe

ValuePenguin.com:  Average Credit Card Debt in America: 2017 Facts & Figures

Credit Card Debt Hits $1 Trillion, Raising Alarms

This article appeared online at TheNewAmerican.com on Tuesday, January 9, 2018: 

For the first time in history credit card debt hit $1 trillion last year, reported the Federal Reserve on Monday. This eclipsed the previous record set almost 10 years ago, just before the housing and credit bubbles burst. In addition, “non-revolving” (i.e. auto and student loans) debt is approaching $3 trillion.

These numbers have put credit card debt on “watch” at Seeking Alpha, which said that that trillion dollar number is “scary.”

A closer look behind the numbers reveals that these may not be such “scary” numbers after all.

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Deep State: Pulling Strings From Behind the Scenes, by Alex Newman

This article appeared online at TheNewAmerican.com on Monday, January 8, 2018. Its author, Alex Newman, will be speaking in Colorado Springs at 21C Library on Wednesday evening, February 7th, on the same topic. If you need a ticket, call me at 481-3890. 

Even a mere few years ago, many Americans would have scoffed at the idea of privately organized individuals controlling the levers of government. Now most people see it.

In 1770, William Pitt famously told the U.K. House of Lords that “there is something behind the throne greater than the king himself.” Today, in the face of what appears to be a broad and highly coordinated effort to destroy President Donald Trump, Americans are waking up in huge numbers to the fact that there is a hidden “power behind the throne” in America, too. Trump himself has helped to bring about this awakening. For instance, among other concerns, candidate and later President Trump warned his followers about the “swamp,” about a “cabal” seeking “global government,” and of course, about the “Deep State” seeking to sabotage the United States and especially his America First agenda. This view is now becoming mainstream, the evidence suggests.

In fact, an ABC News/Washington Post poll from April of 2017 shows that

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Dow Smashes Through 25,000; to Smash Dems in November?

This article appeared online at TheNewAmerican.com on Thursday, January 4, 2018:

The surprising thing about the Dow’s volcanic eruption through the 25,000 level on Thursday is that it was matched by all-time highs in other key stock market indexes such as the S&P 500 Index, the NASDAQ, and the Russell 2000. Even more surprising is that this isn’t happening in an American vacuum: Japan’s Nikkei Stock Average hit a new 26-year high, rising above 23,000 for the first time since January 1992. The Hang Seng (Hong Kong) Index just touched a new 10-year high, while major stock market indexes in New Zealand, the Philippines, and Thailand also set new records on Thursday.

The reasons why aren’t surprising:

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18 States Raise Minimum Wage in 2018

This article appeared online at TheNewAmerican.com on Tuesday, January 2, 2018: 

Faith, Fraud & Minimum Wage

Faith, Fraud & Minimum Wage

Through new legislation, successful ballot measures or inflation adjustments built in to previous statutes, some 4.5 million people should see increases in their paychecks in the New Year. Ten of those states — Maine, Vermont, Washington, Michigan, New York, Rhode Island, California, Colorado, Arizona, and Hawaii — are seeing increases as the result of legislative or ballot measures. The other eight — Alaska, Florida, Minnesota, Missouri, Montana, New Jersey, Ohio, and South Dakota — will see so-called “automatic” increases in their minimum wage laws in 2018.

Most new minimum wage legislation is phased-in through gradual increases, declaring loudly the hypocritical claim that such increases won’t affect employment. It’s like feeding nightshade to a victim in such small doses that he doesn’t even notice — until he’s dead.

Take Washington State for example.

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Student Loans in Default Traded for Broken Social Security Promises?

This article was published by The McAlvany Intelligence Advisor on Monday, January 1, 2017: 

On the surface, Representative Tom Garrett seems like an intelligent guy: a freshman member of the House from Virginia, he served previously as the Virginia Commonwealth’s attorney for Louisa County. He’s already earned himself a Freedom Index rating of 80 percent from the John Birch Society for his voting record in the House.

But at age 45 he is still paying off his student loans that helped him

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Craziest Idea of 2017: Let Students Pay Down Their College Loans by Delaying Their Social Security Benefits

This article appeared online at TheNewAmerican.com on Monday, January 1, 2018:  

What a world! Broken promises traded for other broken promises, and offered with a straight face!

Representative Tom Garrett (R-Va.) turns 46 in March and is still paying off his student loans. In less than 20 years he’ll qualify to retire under present Social Security rules. He put two-and-two together and came up with the Student Security Act (SSA): Pay down some of his student loans by pushing back his retirement age.

Specifically, Garrett’s bill (H.R.4584, which has four co-sponsors so far) would forgive

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Efforts to Pass National Reciprocity for Concealed Carry Focus on Senate

This article appeared online at TheNewAmerican.com on Friday, December 29, 2017:

Riding the momentum from passage of the National Reciprocity for Concealed Carry bill by the House on December 9, attention of the National Rifle Association (NRA) is now being directed to the Senate’s version, the Constitutional Concealed Carry Reciprocity Act, S. 446.

The NRA’s arguments are simple:

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The New York Times Masks the Truth in Venezuela

This article was published by The McAlvany Intelligence Advisor on Wednesday, December 20, 2017:

English: The New York Times building in New Yo...

After five months and 5,000 words, the journalists at the New York Times refused to use the word “socialism” as the cause of the horrors they uncovered in Venezuela. Instead, Venezuela’s problems are the result of years of “economic mismanagement” instead.

What they found was horrific, and more than sufficient to prove the point: socialism destroys, maims, and kills. Its worst atrocities are inflicted on the defenseless: the elderly and the very young. The intrepid journalists focused on the latter, and what they found was predictable and heartrending: babies in Venezuela are dying of malnutrition at rates seen only in refugee and concentration camps. Emergency rooms are filled to overflowing by mothers with starving infants at their breasts while others are being turned away. Doctors told the journos that children arrive at the hospitals weighing the same as when they were born. Infant mortality rates are soaring, and there’s little doctors can do about it. Said the authors: “The statistics that have come out are staggering. In the Ministry of Health’s 2015 report, the mortality rate for children under four weeks old had increased a hundredfold [while] maternal mortality had increased nearly fivefold.”

Matt Vespa suffers under no such confusion about the cause of what’s happening there:

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R.C. Sproul Goes to His Eternal Reward

This article appeared online at TheNewAmerican.com on Monday, December 18, 2017:  

English: Logo of Ligonier Ministries

Logo of Ligonier Ministries

Robert Charles “R.C.” Sproul left his earthly existence around 3:00 p.m. Thursday afternoon in a hospital in Altamonte Springs, Florida, surrounded by his wife, Vespa, and members of his family.

When he suffered a stroke in 2015, someone asked him what he wanted to see engraved on his tombstone. His cheerful response: “I told you I was sick!”

He never fully recovered from that stroke, and in early December a combination of the flu and COPD (from which he suffered for years) sent him back to the hospital. Despite the medical efforts to restore his breathing, he passed into eternity after 12 days in the hospital, at the age of 78.

Sproul came to faith in Christ in an experience that he said was probably unique in all of human history. As a football player at Westminster College, he was having dinner with the captain of the team:

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U.S. Economy’s Stunning Performance Continues to Bewilder Forecasters

This article appeared online at TheNewAmerican.com on Thursday, December 14, 2017:

US Retail Sales 1992–2010

US Retail Sales 1992–2010. Threy’ve been on a tear ever since.

Economic forecasters continue to fall behind reality, as shown by the latest numbers from the Commerce Department. Forecasters predicted that November’s retail sales would increase just 0.3 percent over October. Instead, retail sales jumped an astonishing 0.8 percent. In an economy where two-thirds of economic activity is geared toward providing consumers with goods and services, that’s huge miss — on the order of a three-quarters of a billion dollar miss.

October’s numbers dumbfounded them as well:

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November’s Federal Deficit 11 Percent Ahead of Last Year’s

This article appeared online at TheNewAmerican.com on Wednesday, December 13, 2017:

Buried in the latest report from the Department of the Treasury is this nugget: Through the first two months of the fiscal year, which began on October 1, the deficit (the difference between revenues and spending) was 11 percent higher than the same two months last year. And this despite revenues (taxes from individuals and corporations) setting records. The $433 billion the government collected in October and November was $13 billion more than it collected in the same period last year, and $11.3 billion more than it collected the year before.

In those two months,

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November’s Jobs Report Beats Forecasters, Again

This article appeared online at TheNewAmerican.com on Friday, December 8, 2017:

Once again economists’ forecasts fell short in November, with the surging economy generating 228,000 new jobs compared to estimates of fewer than 200,000. According to the Bureau of Labor Statistics (BLS), the unemployment rate stayed at 4.1 percent, with most of the growth taking place in construction, manufacturing, professional and business services, and education and health services. These are regarded in general as high-paying jobs, as compared to “leisure and hospitality” positions, whose numbers increased only modestly last month.

Wage growth stayed ahead of inflation, but

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Trump Lights Up Christmas Tree, Explains Real Reason for the Season

This article appeared online at TheNewAmerican.com on Monday, December 4, 2017: 

During the White House Christmas tree lighting ceremony last Thursday evening, President Donald Trump was more clear and more forthright about the reason for the season than Americans have heard from the White House in years:

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Where Have All the Fiscal Conservatives Gone?

U.S. Senator Bob Corker of Tennessee

U.S. Senator Bob Corker of Tennessee

This article was published by The McAlvany Intelligence Advisor on Monday, December 4, 2017:  

The only Republican Senator to vote against the tax reform bill that was passed in the wee hours of Saturday morning was Bob Corker of Tennessee. Said Corker, “At the end of the day I am not able to cast aside my fiscal concerns and vote for legislation which I believe, based on the information I currently have, could deepen the debt burden on future generations.”

The other so-called fiscal conservative Republicans have apparently not done their homework or were voting for hope over experience. When asked how President Reagan managed to get his tax cut bill through Congress, Bob Brennis, a George Mason University grad, summed it up:

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Trump Roils the Left by Referring to Elizabeth Warren as “Pocahontas”

This article appeared online at TheNewAmerican.com on Tuesday, November 28, 2017:

While honoring Native Americans who were “code-talkers” during World War II, President Donald Trump on Monday once again succumbed to the temptation to use the moment to call out Massachusetts Senator Elizabeth Warren by her “nickname” Pocahontas: “You were here long before any of us were, although we have a representative in Congress who they say was here a long time ago. They call her Pocahontas.”

The silence was deafening, but not the outrage expressed during a press conference that took place shortly afterward.

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Total Black Friday Sales Set Records; Cyber Monday Also Likely a Record

This article appeared online at TheNewAmerican.com on Monday, November 27, 2017:

Preliminary numbers show that online sales on Thanksgiving and Black Friday surged to record highs, with Cyber Monday sales likely to do the same. Adobe Analytics said that the push to buy online will make Monday’s Internet sales — estimated at $6.6 billion — the largest online shopping day in history. In 2014, Cyber Monday sales set a record at $2.65 billion, followed by another record in 2015 at $2.98 billion. If the present pace continues, online shopping will have more than doubled in just two years.

Total sales (online plus brick and mortar) from Wednesday evening through Monday night are expected to touch

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Holiday Shopping Season Starting Off with a Bang; How Long Can Present Exuberance Last?

This article was published by The McAlvany Intelligence Advisor on Monday, November 27, 2017:

The numbers the economy is generating are breathtaking. All that the Thanksgiving/Black Friday numbers are doing is confirming everything else: it’s full speed ahead. Total sales from Wednesday evening through Monday night are likely to come in at a record $33 billion, with half coming from online orders. Total purchases for the entire holiday season are headed for $700 billion, up at least four percent from last year. Cyber Monday is likely to touch $7 billion all by itself, more than twice what it was just two years ago.

Black Friday is the third-busiest shopping day of the year, right behind

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NFL Players’ Protests Focusing Attention on League’s Tax Breaks

This article appeared online at TheNewAmerican.com on Friday, November 24, 2017:

The knee-bending antics of professional football players are focusing attention on a key issue: Are the taxpayer subsidies involved in supporting the NFL worth it in generating new revenues as promised? An issue getting less attention is whether taxpayers should be involved in supporting professional football in the first place. Especially when those in the league are thumbing their noses at the very taxpayers who are funding them.

Jeff Mordock, writing in the Washington Times, said that

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.