Saturday, February 10, 2018

CELEBRATE!!! KANSAS CITY THREATENS TO RUIN THE AMERICAN ECONOMY!!!



Most of the clueless plebs spend their lives consuming and regurgitating spurious stories crafted for them by smarter people and nowhere is this more evident than when it comes financial reporting.

Worker bees would like to believe that elected leaders and regulatory agencies power economies when, in fact, the financial fate of the planet is determined by unelected market makers tinkering with currencies without any checks or balances.

Like it or not, the cash in your pocket would be just as worthless as bitcoin if it wasn't for the greatest military the world has ever seen along with State & local officials willing to kill anyone who really disputes the status quo.

Don't get it twisted, TKC would never dream of fighting the Illuminati not only because I'm looking forward to Lady Gaga getting back on tour before her inevitable final O.D. but also because I hear that Starbucks in China are even more crowded and ruthless than the viper pit in Midtown.

TKC not so fun fact - Thankfully, we're at the end of history so nobody will remember or hold a grudge over the Chinese plundering Africa in a way that's far more environmentally devastating than anything the world has ever seen.  

But I digress . . .

Low-rent local "journalists" working on getting a better job in Chicago are missing this news . . .

THE KANSAS CITY FED IS FIRST TO OFFER A GLIMPSE OF PLANS TO CRASH AND BURN THE AMERICAN ECONOMY!!!

Checkit:

Kansas City Fed president expects up to six interest rate hikes through 2019

Deets:

"The federal funds rate remains well below what estimates are that its longer-run value should be," George said. "I'm often asked how many rate increases we'll see this year. Together, the (Federal Open Market Committee) is calling for about three 25-basis-point hikes in the fed funds rate this year and about the same number next year."

Yeah, yeah, experts claim that the fundamentals of the American economy are strong but they probably aren't forced to work a "side-hustle" like just about everybody under 30 as widening income inequality defines the American job market more than any other factor.

More importantly . . . 

What does this mean for Kansas City???

The smarter denizens of our blog community already know rising interest rates means borrowing for the airport, streetcar, hotel and bridges is going to get way more expensive as KCMO is already overextended and carrying an EPIC debt burden.

Don't panic . . . The easy fix that KCMO City Hall always applies is to simply raise taxes!!!

However, with more than a dozen tax increases to his credit, rising unpopularity and open bickering with Council, Mayor Sly might have a tougher time selling the next local levy . . . Then again, the GO Bond vote was so obviously rigged that I'm not sure any of that matters.

Accordingly . . .

The working poor will be the hardest hit while politicos exploit economic struggle and stir up demographic discontent to try and garner more power during the Midterm 2018 elections. It should be fun for anybody who doesn't mistakenly believe that "leaders" look out for any financial interest but their own.

You decide . . .

37 comments:

Anonymous said...

Don't blame me, I voted for Big Johnson!

Anonymous said...

But I thought we weren't gonna have to pay a dime for the new airport?

Does anybody with half a brain believe this garbage when they say it? Any why is there not one reporter in Kansas City who will ask Sly why this is not longer accurate after the election promises.

Jameson said...

I know the solution here.

Clay Chastain's aerial gondolas!

Seriously, a much more practical investment than a new hotel or the airport. Make them bulletproof and we've got a winner!

Anonymous said...

This is all damn fun stuff. I heard a hobo yelling most of this and some poor waitress the other day only with fewer jokes and way more spit. Thanks for the transcription T!

chuck said...

TKC - Funny stuff and dead on the money.

Greedo said...

Crazy half-assed theories, the Illuminati along with a warning about rising interest rates. Now I know why beers at the P&L District cost 12 bucks. I will subscribe to your newsletter you crazy bastard!

Anonymous said...

hey, the good news is that the economy is getting too good and needs to be slowed a little.

unemployment is low and getting lower. no, it won't skyrocket unless there's a recession, which is the opposite of what's unfolding fir the next two years.

relax.

da' man said...


economics?

really?

from you?

you are in far, far over your head.

go back to trashing the local sports teams and city, you and your ALL CAPS and EXCLAMATION MARKS!!!

geez.

Anonymous said...

Is there a online cliche generator somewhere with which you create this nonsensical ramblings? Does someone have a link?

WatcheeMonkey said...

I once read a wonderful description of the Federal Reserve System trying to control the Economy.
It's the equivalent of trying to steer a runaway wagon to safety by jogging along beside it and kicking the front wheel.

The Fed can do what it wants, and the massive withdrawal of money from the Economy brought on by cutting taxes on the wealthy (They don't spend Their Money, they spend Other People's money!) will do what it will inevitably do, just as it has done every time it's been tried during the sad thirty seven year long history of this insane, failed Economic Theory.

Anonymous said...

It was the tax gift to the rich that is destroying the economy. Just like every other time this has been tried. Tax cut = less revenue = increased borrowing = increased interest rates on borrowing = decreased credit worthiness = increased interest rates, etc.

The white people, with their massive sense of entitlement, will blame the non-whites.

The banks will be bailed out because they will be deemed "to big to fail".

As an aside, where did you get the absurd notion that we are at the end of history?

Anonymous said...

it is a cow town which means the reporters are cowed

Anonymous said...

12:24 your funny!

Anonymous said...

If tax cuts destroy the economy how did the US become one of the most wealthy countries in the world prior to having an income tax? I suppose all those Irish, Germans, Poles and every other immigrant would have stayed in their original country if they had known we had no income tax on the wealthy prior to 1913.

Anonymous said...

We sent people to these countries & begged them to immigrate here. We told massive lies to convince them to come. Some of these recruitment posters still exist; read them for yourself.

We weren't wealthy or powerful before 1913.

Striking workers were killed.

Anonymous said...

VERY NICE ECONOMIC COMMENTARY FROM TKC!

Meanwhile, I ask every member of The Star Editorial Board what is the "KC FED"? Here are the responses I received:

Mary Sanchez - it's a charity to feed undocumented residents who are members of KC's gang culture, and did I mention that it's all Trump's fault?

Dave Helling - that's a new minority-owned restaurant that I profiled recently on the East-side.

Colleen McCain Nelson - I'm still new to the community, but I believe that has to do with the Harvesters organization.

Toriano Porter - sorry, but as a recent hire, I'm under a gag order. They just put me in the publicity photos for diversity.

Steve Kraske - KC FED is the federation of jazz and blues musicians in town.

Derek Donovan - a federal taskforce?

Melinda Henneberger - it's a division of Catholic Charities.

Greenspan said...

Silly Tony,
The Fed doesn't control interest rates. The Bond market does.

Anonymous said...

Greenspan, if you want to get into Mythology, the Bond Market doesn't control interest rates, "supply and demand" does.

Seriously, you still believe in a freely operating, uncontrolled Bond Market?
How about the Tooth Fairy and Santa Claus?

Anonymous said...

1:32 - LMAO.
The Star doesn't afflict the comfortable - Sly, Burke, Sanders.
The Star comforts the comfortable.

Anonymous said...

@ 1:06 there is one concept of Economic Theory that seems to prove valid, called the "Multiplier Effect".
It states that, if I pay you a dollar for something, you pay someone else for something, they pay someone else, and so on. The end result is that a dollar put into the Economy has the effect of acting like seven or seven and a half dollars being added into the Economy.

Now, the United States Capitalistic Economy has reached the stage where significant Wealth has been institutionalized, and the Upper 1% of the population, the "Wealthy", control economic resources to the point that they no longer have to depend on their resources, they spend "Other People's Money" for everything, including their own investments, from which they personally retain the profits.

Unfortunately, the "Multiplier Effect" works in reverse as well, so giving a Wealthy person a dollar by reducing taxes has the effect of TAKING SEVEN DOLLARS OUT OF THE ECONOMY.

Once upon a time in this Country there were two sources of Economic Resource distribution, Investing and Government Spending.
With the institutionalization of wealth, "investment" has been eliminated, and replaced by shifting resources around to isolate "profits" which are then withdrawn from circulation. That leaves only Government Spending as a source of economic distribution, which explains why the GOP has never been able to follow one of their Tax Cuts with a reduction in Spending, since that would bring the Economy to a halt. In fact, from Reagan on, they have had to INCREASE Government Spending (and therefore the Deficit) to moderate the slowdown their tax cuts generate.

To answer your question, giving a Rich Man a Tax cut of a dollar has the same effect as taking seven to seven and a half dollars out of circulation.

You're welcome.

Anonymous said...

2:04 - Well that's one theory. Keynes liked it, but Hayek and many others disagree with it, and it has not worked in practice like it does on paper. If it were actually valid, the USSR and other Communist states would have been the richest nations in history, since all spending in their economies was government spending. It also assumes that the rich guy who "is given" a dollar by the benevolent government who simply does not snatch it from him sticks the money in a can and buries it in the back yard. In actuality he invests it, or saves in in an institution that invests it, thereby keeping that dollar in circulation. You're welcome.

Anonymous said...

1:06: We had the income tax during the Civil War. The Supreme Court declared it illegal, so we passed the 16th Amendment. Prior to the 16th Amendment we had taxes on several things including liquor. Once the 16th Amendment was passed, that enabled the prohibitionists to get the 18th Amendment passed (since the income tax replaced the liquor tax).

1:22 is correct about sending representatives overseas. Railroads especially did this to get people to settle all the land the gov gave the railroads when the railroads were built. Additionally, countries afraid of overpopulation encouraged people to emigrate. My grandmother who immigrated from Sweden told me schools taught that America was a land of opportunity.

Anonymous said...

“High-income taxpayers earned 28 percent of total adjusted gross (AGI) income in 2014 while paying 55 percent of the entire income tax burden. By contrast, the remaining 145 million taxpayers command 72 percent of the nation's income, but paid a combined total of 45 percent of all income taxes.Feb 4, 2016

Anonymous said...

Meanwhile the blacks paid about one percent of the total income tax burden! But took about 60%! Lmao!!!

Anonymous said...

Tax cuts bring more to spend to the Richie Riches and Middle Class Mitches. See the many boxes delivered to more buyers at their homes and workplaces. Look at the increasing commercial and residential rooftops appearing. Watch all the sales of those pricey, newest vehicles and durable goods.

So, this BIGLY BOOST to GDP presents YUUUGE economic opportunities for GREAT AMERICANS who are savvy enough and willing to participate Too bad some scheming WELFARE WHINEYS, fearing cuts to gummint gibsmes, want to shout, pout, and shirk work while MAKERS are paying for those of the undeserving scammy TAKERS!

Anonymous said...

^^^^Blah blah blah. Marble-mouth, mumbling prick. What the fuck are you even saying? Take your meds and take a nap gramps!

Anonymous said...

7:13 is one of those WELFARE WHINEYS, fearing cuts to gummint gibsmes, want to shout, pout, and shirk work while MAKERS are paying for those of the undeserving scammy TAKERS!

Anonymous said...

7:13 is also the buttboiz cock gobbler, pooper muncher in the BathHouse stalls. Plus, he's an incessant copy/paste loser punk with the same b.s. 4 lines.

Anonymous said...

^^^^Blah blah blah. Marble-mouth, mumbling prick. What the fuck are you even saying? Take your meds and take a nap gramps!

Anonymous said...

Ha ha ha that’s hilarious coming from an incessant copy/paste loser punk with the same b.s. 4 lines. Barry Bathouse much? You know 7:13 is playing you out right?....right? Oh Jesus! You don’t know!

Everyone said...

You're both assholes who are ruining what was an interesting thread.

Stop the spamming & STFU.

Anonymous said...

^^^^Blah blah blah. Marble-mouth, mumbling prick. What the fuck are you even saying? Take your meds and take a nap gramps!

Anonymous said...

^^^^ blah blah blah. Your still a loser!

Anonymous said...

Damn, why did you tell him? I wanted to see how long it took before he figured it out.

Anonymous said...

^^^^Blah blah blah. Marble-mouth, mumbling prick. What the fuck are you even saying? Take your meds and take a nap gramps!

Anonymous said...

^^^^ blah blah blah. Your still a loser!

Anonymous said...

Don’t worry, sLIE is gonna take that extra money that president trump gave us with our tax break, they’re already getting another tax increase ready to take it from you as soon as April.