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A View From A Farr: Inflation keeps the Poor Poor and the Rich Rich by Ed Farr

Brooklyn Conservatives welcomes commentary from its Board and members. This is 3rd in a series by Ed Farr. Please comment on Facebook

Inflation Keeps the Poor Poor and the Rich Rich. by Ed Farr

In the old days you could build wealth by stuffing coins under the floor.  The gold dollar that bought a goat on Tuesday could buy a cow later. Under capitalism, production gets better and cheaper.  The longer you hold your money, the better and cheaper products become. At least that is how it should be.  Inflation screws it all up. Inflation keeps the poor poor by making this kind of saving impossible.

If you want to save in an inflationary economy you dare not stash money away. Money loses value. You must invest or your dollars become pennies. Investing, though, is a business. You must constantly go over your accounts. Bonds and mutual funds carry risk. You are taxed on your gains.  You must learn about Roth IRA’s, simple IRA’s, collectables, annuities, cost basis, depreciation and Janet Yellen’s latest speech.

Investing is fun, unless you’re poor. If you are an over-worked widow, an ascetic intellectual or a starving artist you have other things to think about. Still, you must obey the iron law of inflation. Invest or end up with nothing.

The rich are good money managers by definition.  At the Wall Street casino they are the card counters. Instead of making stuff, rich investors put their energies into speculating on paper. And when they win who loses? The poor guy who doesn’t understand the game.  The rich guys buy when the poor sell out.  He sells when poor make bad buying decisions. The poor aren’t clever investors; they’re truckers or roofers or waitresses or yet-to-be-employed kids.

The rich are specialists.  They thrive while the poor dive.  Inflation clobbers the poor in two ways.  It raises prices while it makes saving nearly impossible.

Scroll down to see previous articles by this author–

Malliotakis Slams Brooklyn DA’s Dual Justice System

Assemblyemember Malliotakis Released the Following Today
FOR IMMEDIATE RELEASE
CONTACT:  Paul Marrone
April 24, 2017
Assemblywoman Nicole Malliotakis (R,C,I,Ref – Brooklyn, Staten Island) issues the following statement with regard to the policy recently announced by Acting Brooklyn District Attorney Eric Gonzalez to consider lesser charges against undocumented immigrants to avoid deportation by federal authorities:
“It is outrageous that a District Attorney, whose job is to enforce the laws of our city and state and ensure that victims receive justice, would create a situation that allows an individual to plea down to a lesser crime simply because he or she is undocumented.  This unfairly creates two justice systems: one for citizens, and one for illegal immigrants, with citizens facing harsher penalties.”
The press release issued by District Attorney Gonzalez’s office announcing the new policy can be viewed here: http://www.brooklynda.org/2017/04/24/acting-brooklyn-district-attorney-eric-gonzalez-announces-new-policy-regarding-handling-of-cases-against-non-citizen-defendants/
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A View From a Farr- 2 of 3: Inflation is Old as Greed and More Dangerous

The following is contributed by Ed Farr. Please feel free to comment on Facebook

Inflation is Old as Greed and More Dangerous.

Inflation started with the first coins. Coins were created as a way to guarantee value. It was bogus, of course. Emperors started debasing coins as soon as the first budget deficit emerged. Paper money made corruption easier. Just print it and shop ‘til you drop.

Electronic money is worse yet. Central banks can create new accounts out of nothing. Suppose you head a government agency. The Federal Reserve (the Fed) gives you a check book and a balance with no money behind it. You run around writing checks. Everyone accepts your checks because the Fed clears them. Sellers deposit your checks in their banks and make other purchases. Nobody asks to see the money. Everyone just keeps on writing checks.

Prices rise as a result. Your agency buys while prices are low. Your spending takes goods from the market, causing scarcity. Scarcity pushes prices up for the “little guy.” The government sucks value out of the nation’s real wealth. Creating money takes buying power from citizens. It’s a hidden tax. Unlike a direct tax, a hidden tax can be raised whenever the government wishes.

We let it happen because they feeds us this Big Lie: “Inflation is necessary while deflation is dangerous. Creating new money doesn’t cause excessive inflation; greed or something else does. The Fed protects the economy. We must have a flexible currency so we can adjust its value. Quantitative easing is not the same thing as wantonly printing money. Only a highly trained economist from one of the great institutions can understand all this. The rest of you should shut up.”

This Big Lie is popular because it tells the politicians what they want to hear. It gives them an excuse to expand borrowing and spending. The government buys everything, from ships to Obama phones but most spending really buys the politician’s favorite commodity: Votes!

Brooklyn Chairman Jerry Kassar’s Column:”Common Sense: Icing the issue” in Brooklyn Reporter

Common Sense: Icing the issue

JERRY KASSAR

JERRY KASSAR

Mayor DeBlasio went after Assemblymember Nicole Malliotakis on radio recently saying she “loves to spew right-wing rhetoric.” Besides the fact that I can see nothing wrong with being right-wing, it is worth noting that he is upset with her legal efforts to protect the documents used in the NYCID program from destruction and her criticism of the city’s sanctuary city status. Nicole — and for that matter Assemblymember Ron Castorina, who has also weighed in on these issues — is absolutely right.

New York City’s sanctuary city status might cost it millions in federal dollars based on an executive order by the president and Attorney General Sessions’s pronouncement that the Justice Department in accordance will begin to withhold funding. This action is consistent with many past federal actions designed to get a local government to comply with a federal rule or law.

In order to keep the funding, the city needs to follow the law. The federal law says if you are an undocumented alien and you have committed a crime, the city will provide ICE with information so that you may be located and deported at some point. This makes sense. The city, on the other hand, is putting our lives at risk by not informing ICE and by fighting with the Justice Department.

Neither Nicole nor Ron are running for mayor. Possibly one should be since, among all the declared candidates, only one — Michael Faulkner — shares this view. Paul Massey and Bo Dietl seem to be all over the place on this issue. Anyone and everyone who has shown an interest in challenging de Blasio in a Democratic primary has the identical position to him.

This is a big issue for the Conservative Party in the city. Whoever the party eventually nominates (and I serve as Brooklyn chairperson) will need to be willing as mayor to comply with the federal mandate. Mr. Mayor, I know that makes us right-wingers in your view. All I can say is, thank you.

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I talk a lot of politics. Sometimes, I think, too much. There are many more important things happening, particularly this time of year. The next few weeks are a very blessed time for the world’s Christian and Jewish believers. It is an excellent time to reflect on the world and the role you play in it. It is also the perfect time to focus on the Judeo-Christian traditions and teachings that make many of us who we are, spiritually and morally.

The practice of religion can be an excellent anchor in one’s life. I am a practicing Roman Catholic and strongly feel that the years I spent in Catholic schools and the time I spend involved in my religion have been of great benefit to me.

Regardless of your beliefs, thinking about one’s existence and the role a higher being plays in it I feel is important. It certainly helps to frame a long term purpose for many of us. And it provides a certain calmness when confronting late-in-life issues for yourself and loved ones.

I have no interest in sounding like I am lecturing. I am just suggesting that this would be a great time for Christians and Jews who have fallen away from the practice of their beliefs to consider returning.

A View From A Farr

1st of 3 Opinion Pieces contributed by Ed Farr – Democrats Care For the Little Guy So They Can Rob Him.

The first law of politics is power. Power goes to those who fight for it. Successful politicians can fight clean or dirty but the standard mode of the Democrats is corrupt to its core. The Democrat way is simple to state. They use public money to buy votes. Public money is your money received in taxes. It is used against you in various ways.

Keep single moms single and dependent on government. Support public sector unions and keep them dependent on government. Create huge bureaucracies. Hire millions who depend on government. Take over student lending. Make colleges dependent on government. The list goes on.

Republicans can be accused of doing the same sort of things. Lucky for them, the Conservatives are there to keep reminding them who they are. Democrats though, have found a way to take the concept to unheard of levels. They don’t limit vote buying to the yearly tax receipts. They have latched on to some economic absurdities that open new forms of corruption.

The worst tool of corruption is inflation. Inflation hurts the poor first and the weak worst. Here’s how it happens.

The Federal Reserve (the Fed) creates new money by buying government debt. They pay for it by creating accounts out of nothing. They don’t even print money. They just give the government a checkbook and a balance.

The government is the “first receiver.” The new money goes to government purchases. Those who sell to government are second receivers. The money is spent again, going to third receivers and so on. Early receivers get their stuff cheap but their spending drives up prices. When late receivers begin to get some of that money prices are inflated. The last receivers are retired people, the weak, the infirm, the working poor. Democrats claim to care about such people. They only care about their votes while they keep them poor and dependent on government.

More on this in my next article.

Guest Contributor Ed Farr “For the Green Left Islam is a Threat”

For the Green Left Islam is a Threat. by Ed Farr

By the Green Left I mean leftists who push the global warming argument. If scientists agree that we must change our behavior to save the planet then Islam should scare the boots off them.

There are 1.6 billion Muslims. In 50 to 70 years experts predict 13 billion people on earth, half of them Muslim. If you are younger than 40 you may still be around. Renewable energy for such a mass would require vast areas covered with various gizmos yet to be invented. Forget about forests. There won’t be room. Forget about governments too. Given a Muslim majority, a world caliphate is practically unavoidable.

Can we expect that Islam will evolve into a tolerant faith, like Christianity has? It’s unlikely and here’s why. Moderate Muslims exist mostly where they are protected among Christians, Jews, atheists and so forth. The oppressed Uighurs in China are at least safe from other Muslims. Under a world caliphate this will no longer be so.

Moderate Muslims are non-violent by definition. The non-violent always succumb when violence is in power. History gives examples. The Third Reich, the Soviet Union, the Ottoman Empire and Belgian Africa were ruled through violence.

Islam is about submission, not reason. In the 9th century, Islam began its retreat from logic and reason. Muslim theology is not required to make sense. You read the Quran and follow instructions. Science is immaterial. Some clerics claim there are warnings about climate change in the Quran but this has had little impact on Islamic nations. Fundamentalist Muslims are not big on population control or saving the world. Many welcome global warming as an end-of-days scenario. The sciences they do best are fossil fuel and war.

Hope requires that enlightened Muslims win out against the fanatics. This hinges on a debate over the Quran itself. Some say it was written. Others say it was revealed. If the “revealed” crowd wins out life will be hard for the Green Left. Al Gore should think about this, but he’s the guy who sold out to Al Jazeera as I recall.

Brooklyn Conservatives Strongly Urge Congressman Donovan Reconsider Intended No Vote on Obamacare Repeal

Brooklyn Conservatives are disappointed with Congressman Dan Donovan’s  intention to vote against the repeal of Obamacare as relayed in his public statement.. The 2016 election was waged over this issue and the election of of President Trump, who was supported by both Donovan and the Conservative Party, was the result. Congressman’ Donovan’s intended vote against the repeal would be a betrayal of the result of the election. The Conservative Party strongly disagrees with his intent to vote against the Obamacare repeal and strongly urges him to reconsider.

Local Civic Leader Sandy Vallas to be honored, Mayoral Candidates to Speak at Brooklyn Conservatives, Annual Brunch April 2nd Reserve Now

Sandy Vallas, a real estate broker by trade, spends a great deal of time helping the community. Whether it is his activity on the Dyker Heights Civic Association, or his work in education as a Trustee to Holy Cross Greek Orthodox Church and then activity with the Fort Hamilton Parents Association, Vallas has been active and involved with almost everything important in the neighborhood. As President of the Greek American Property Owners Association and as a concerned citizen, Sandy Vallas puts his energy and time into the community he loves. He embodies the volunteer spirit and civic responsibility for which the Ronald Reagan Americanism Award was established by the Brooklyn Conservatives. We will proudly bestow the award to him at our annual brunch on April 2, 2017 at the Bay Ridge Manor- 76th Street off 5th Avenue at 12 noon.

Image result for sandy vallas brooklyn

Brooklyn Conservatives will also present State Senator Simcha Felder with an award from the NYS Conservative Party for the best Conservative Party rating among NYS Senators. In addition, two candidates for Mayor of New York, Rev. Michel Faulkner and Bo Dietl will speak at this annual event.

Reserve now. Tickets are only $60pp payable to Kings County Conservative Party. Mail to Kings County Conservative Party 486 78th Street, Brooklyn, NY 11209.

CONGRATULATIONS TO ASSEMBLYWOMAN MALLIOTAKIS:NAMED STATE DIRECTOR OF NATIONAL FOUNDATION FOR WOMEN LEGISLATORS

This just released.. Let’s give her a hand

FOR IMMEDIATE RELEASE

January 31, 2017

MALLIOTAKIS NAMED STATE DIRECTOR OF NATIONAL FOUNDATION FOR WOMEN LEGISLATORS

Assemblywoman Nicole Malliotakis (R,C,I-Brooklyn/Staten Island) has been named New York State Director of the National Foundation for Women Legislators (NFWL). The NFWL aims to empower and inspire elected women to become thought leaders who shape America’s future by providing strategic resources to elected women for leadership development, an exchange of diverse legislative ideas, and effective governance through conferences, state outreach, educational materials, professional and personal relationships and networking. As a State Director, Malliotakis will serve as a point of contact for elected women in New York, and work to bring more elected women the opportunities and resources that NFWL has to offer.

“I want to thank NFWL for selecting me to coordinate their efforts in the State of New York. I am honored to serve my colleagues as State Director and will do my best to grow this remarkable organization that has empowered many women to step in to elected positions across the country. I look forward to helping one our nation’s oldest non-partisan organization and identifying and addressing the needs of elected women at all levels of government,” said Malliotakis.

“We are so proud Assemblywoman Nicole Malliotakis has accepted a leadership position in our Foundation,” stated Minnesota State Senator Carrie Ruud, NFWL’s 2017 Chair. “NFWL’s theme for 2017 is leadership, and Nicole exemplifies this theme. She will play a key role in aiding women legislators in New York, as we continue to grow as an organization.”

Malliotakis begins serving in her new position immediately, and will hold this office through the end of 2017.

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Assemblywoman Malliotakis calls out NYC to Comply with Executive Order on Sanctuary Cities

Malliotakis: NYC Must End ‘Sanctuary City’ Policy that Harbors Criminals

Assemblywoman Nicole Malliotakis (R,C,I-Brooklyn, Staten Island) is calling on the City of New York to comply with President Donald Trump’s recently announced Executive Order: Enhancing Public Safety in the Interior of the United States.

According to the NYPD’s Summary of Statistics on U.S. Immigration and Customs Enforcement (ICE) Detainers from October 1, 2015 to September 30, 2016, the Department received 80 civil immigration detainers for undocumented individuals considered a threat to public safety.  Only 2 detainers were honored and 78 were denied.

Section 9 (a) of President Trump’s executive order states: “In furtherance of this policy, the Attorney General and the Secretary, in their discretion and to the extent consistent with law, shall ensure that jurisdictions that willfully refuse to comply with 8 U.S.C. 1373 (sanctuary jurisdictions) are not eligible to receive Federal grants, except as deemed necessary for law enforcement purposes by the Attorney General or the Secretary.  The Secretary has the authority to designate, in his discretion and to the extent consistent with law, a jurisdiction as a sanctuary jurisdiction.  The Attorney General shall take appropriate enforcement action against any entity that violates 8 U.S.C. 1373, or which has in effect a statute, policy, or practice that prevents or hinders the enforcement of Federal law.”

Subsection (b) continues: “To better inform the public regarding the public safety threats associated with sanctuary jurisdictions, the Secretary shall utilize the Declined Detainer Outcome Report or its equivalent and, on a weekly basis, make public a comprehensive list of criminal actions committed by aliens and any jurisdiction that ignored or otherwise failed to honor any detainers with respect to such aliens.”

In 2014 the New York City Council enacted two resolutions, Local Law No. 58 and Local Law No. 59, to significantly impede cooperation between the New York City Department of Correction (DOC), NYPD, and U.S. Immigration and Customs Enforcement (ICE), by prohibiting DOC and NYPD from honoring immigration detainers unless accompanied by a federal warrant and the person:

(1) Has either been convicted of a violent or serious crime, or

(2) Is identified as a possible match on in the terrorist screening database. (N.Y.C. Admin. Code §§ 9-131, 14-154).

Crimes not considered “violent or serious” include Grand Larceny in the First Degree, Aggravated Identity Theft, Criminal Diversion of Prescription Medications and Prescriptions in the First Degree, Sexual Abuse in the Second Degree, and Aggravated Patronizing a Minor for Prostitution in the First Degree, among others.

During the Administration of President Barack Obama, ICE agents were advised to issue a detainer only where the individual was suspected of posing a danger to national security, affiliated with an organized criminal gang, convicted of a felony unrelated to immigration status, convicted of an aggravated felony, convicted of three or more misdemeanors unrelated to immigration status or minor traffic offenses, or convicted of a misdemeanor related to a sex offense, burglary, firearms, drugs, driving under the influence, or any offense requiring 90 days or more in police custody.

“Under the Obama Administration, the Department of Homeland Security already limited the issuance of civil detainers to situations where the individual is considered dangerous or has already been convicted of breaking the law. Despite these restrictive criteria, from October 2014 to October 2015 the City of New York honored only 6% of civil detainer requests from federal authorities.  Over the subsequent year, that rate has fallen to just 2.5%,” said Assemblywoman Malliotakis.  “It’s truly frightening that our City refuses to treat criminals in accordance with federal law, and would jeopardize federal funding by harboring individuals who have committed crimes from deportation.  It is time to restore New York City to a law-and-order city.”

Thank you,

Nicole Malliotakis

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