Tuesday, July 30, 2024
Sunday, July 28, 2024
Flint Engleman: Announcing: Featured Speakers for the August 3 Prosperity is Possible Tour Rally | Free Event | RSVP Soon!
Prosperity is Possible Tour Rally
Saturday, August 3rd @ Noon | AFP Skyline Regional HQ
375 Greenbrier Drive, Charlottesville
We welcome you to join us August 3rd for the national Prosperity is Possible Tour Rally hosted by the Virginia Chapter of Americans for Prosperity. With only 1 week till our free event. We encourage you to RSVP soon.
Announcing our featured rally speakers. First, we have award winning, radio talk host, Joe Thomas, from WTON speaking about economic freedom for America. Secondly, our speaker on energy policy is Akash Chougule. Akash is a national, pro-energy powerhouse. With appearances on Fox News, Newsmax, C-SPAN, and hundreds of nationally syndicated radio shows.
Enjoy a fun, festival themed event with complimentary catered lunch from Mission BBQ and refreshing dessert from Kona Ice. Plus, take home some free AFP gear. All courtesy of the Virginia Chapter of Americans for Prosperity.
RSVP today to save your seat! Contact Flint Engleman to help us plan for seating and provisions.
Simply email FEngleman@afphq.org or call/text (540)226-4591.
Derrick Max, Thomas Jefferson Institute for Public Policy: Your July 28, 2024 Sunday Summary: Trump v Biden now Harris, Cheatle Resigns, TJI Win v NLRB, Energy Crisis, Miyares, Cell Phones, Broken Windmill, Black Jobs and more...
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Jason Miyares: My latest endorsement 👀
Today, I am honored to endorse Derrick Anderson in the 7th Congressional District. |
Derrick is a member of the National Guard and a Special Forces Green Beret with deep roots in the 7th District. He served our country in six deployments around the world, including during "the Surge" in Iraq. He served in the White House in the Office of National Drug Control Policy during President Trump's Administration. I know he'll serve the people of the 7th District admirably as their congressman.
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FX Hedge Newsletter: NATIONAL DEBT IN A NUTSHELL
As rates ramped up to cool the inflation caused by both the artificially low rates and excessive government spending, the interest expense on the debt began rising, and fast. Once again, the bureaucrats tried to hide the cost.
Yellen began radically changing the maturity schedule of the federal debt, running the Treasury almost like a hedge fund, in anticipation of Powell & Co. cutting rates several times this year.
Instead of the usual mix of short-, mid- and long-term Treasuries, Yellen reduced offerings of new bonds and notes and didn't replace some of the old ones at maturity. Instead, she flooded the market with T-bills.
Like all debt markets, Treasuries have the rules for Supply and Demand reversed. In other words, increasing supply of issuance doesn't decrease price (interest rate) but increases it. That's because increasing the supply of debt is really increasing the demand for loanable funds. The nomenclature is backwards in modern parlance because, in our fiat monetary system, debt is money and serves as tradable securities.
So, the huge increase in T-bill issuance drove interest rates higher on those securities, without having as much of an impact on T-notes and T-bonds. This completely destroyed what was left of the yield curve, already damaged by Powell & Co.'s own manipulations.
Normally, a borrower pays a premium for keeping the lender's money for a longer period of time. All else being equal, term increases yield on debt and associated securities. Not so today, because Yellen is actively engaging in yield curve control, similar to what she did during her time as Federal Reserve Chair.
The rationale here is two-fold: shorter-term debt allows the treasury to take advantage of rate cuts (soon?) and—more importantly—many private market rates are based off of rates on Treasuries, especially the 10-year and 30-year.
Pushing trillions of dollars out of longer-term debt and into T-bills has created a very inverted yield curve (shorter term = higher yields) for Treasuries but also created considerable inefficiencies. Yellen's yield curve manipulations account for about 10% of the interest being paid on the debt - that's over $100 billion annually.
Despite the higher cost to taxpayers, officials will point to the artificially low rates on the 10- and 30-year as proof that everything is fine. The scary part is that the maturity schedule of Treasuries has to normalize eventually, and that's where things get really ugly.
So, that's where we are and how we got here. Now, where are we going?...
CANADA FREE PRESS
"Hunter Heckel" Rapes Two Girls At Separate High Schools And Walks Free | |
Remember the name "Hunter Heckel." This freak is a dangerous pervert, and I'm betting others will suffer because of the stupidity of a Loudon County, Virginia, prosecutor, and other school and county officials. "Hunter Heckel" claims to be "gender fluid," translation: I'm too weak to act like a male, so I'm going to use the madness created by the left to put on a skirt and rape high school girls in the bathroom. | |
Read more | |
Milt Harris |
The GOPAC Newsletter: 07.26.24
Trump Picks A Rust BeltRunning MateWG Discussion Points | David WinstonJuly 19, 2024President Trump's selection of Ohio Senator JD Vance as his running mate is a clear indication that he's going all in on recreating his 2016 Rust Belt coalition. Comparing 2012 to 2016 election results, the movement of blue collar, working class voters was key to Trump's success in the 2016 election. These groups included union households, those making $50,000 or less, voters with an associated degree or had attended some college, and those that had a high school diploma or less. |
Based on 2016 Edison Research exit polls, among union households that Romney lost by 18, Trump cut that margin in half and lost by only 9. Among those making under $50,000 a year, the margin went from -22 to -12. The margin for those who had an associates degree or attended some college went from -1 to +8. Finally, among those that had a high school diploma or less, the margin went from -6 to +5. The obvious item to note about these groups is that they are potentially new additions to the Republican Party. |
David Horowitz: Weekly Wrap-Up
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Thomas D. Klingenstein: Charles Murray Aims to Disarm the Group Quota Regime
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Virginia Education Opportunity Alliance: Youngkin Gets It Right on Cell Phone Policy
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Congressman Good Update: Republicans Stand with Israel
This week, Israeli Prime Minister Benjamin Netanyahu addressed a joint session of Congress. I was proud to attend and show my unequivocal support for our friend and ally in the Middle East, especially during their time of war against Hamas terrorists.
Many notable Democrats decided to skip this event in protest, including Vice President Harris who was supposed to preside in her role as President of the Senate. Instead, she was conspicuously absent – missing the joint session to deliver a speech to a sorority conference. Enemies and allies alike watched someone who wants to be the next leader of the free world refuse to publicly support our important ally, Israel. |
Holding Secret Service AccountableThe assassination attempt on President Trump two weeks ago was 100% preventable. Earlier this week, Secret Service Director Kim Cheatle testified before the House Oversight Committee, and faced mounting bipartisan pressure and calls to resign due to her agency's failure to protect the former president. |
Justice for Haskell Indian Nations University StudentsThe subcommittee on Higher Education and Workforce Development had a joint hearing with the Natural Resources Committee to discuss misconduct at Haskell Indian Nations University. Documents show that students at this university reached out to university officials, the Bureau of Indian Education, and the U.S. Department of Interior to report accusations of sexual assault and they were repeatedly ignored. This is an injustice, and those responsible should be held accountable. |
In the MediaI had the opportunity to speak with various media outlets about the appropriations process and VP Kamala Harris's failure as the Border Czar. |