Tuesday Bonus Song: We Gave Up The Stars For This

My favorite country song is The Highwayman.  Here’s my bid to catch some of the same magic.  Lyrics are below, also, added lyrics to Deceiver.

We Gave Up The Stars For This
By John Wilder

Daddy worked the line back in ’69
Watched Armstrong step on silver dust so fine
Said “Boy, one day we’ll all live up there”
Then the TV went dark and the porch light stared

Now the same old streets, same busted dreams
Old broken bottles where the rockets used to scream
We traded lunar boots for welfare lines
And the flag on the moon just faded to white

in silence

We gave up the stars for this
Traded infinity for a government kiss
Poverty’s still here, just wearing new clothes
While the Sea of Tranquility grows cold
Neil and Buzz, forgive us, we quit too soon
We gave up the stars… for this back-room saloon

They promised us the war on want would end
Sixty-five came, and trillions got spent
But the poor still knock on the same cracked door
And the projects look taller an they just hide it more

Meanwhile the shuttles rust down in the Cape
And the launchpad’s a ghost town full of red tape
Every billion we burned on the ground on earth
Could’ve built us a highway to our rebirth

We gave up the stars for this
A handful of dust and a politician’s bliss
Same old hunger, same old pain
While the moon hangs like a reminder in the midnight rain
God forgive the coward in our bones
We gave up the stars… and came back home

I still hear the static of Eagle’s call
“One small step” echoin’ down our halls
We were giants once, reachin’ past the blue
Now we’re beggars on the corner, wonderin’ what happened to us

We gave up the stars for this
A slow defeat and a coward’s wish
Armstrong’s bootprint’s still perfect and clean
While we rot in the shadow of what might’ve been

Lord, take us back or let us die tryin’
We gave up the stars… and I can’t stop cryin’

Outro (spoken over fading steel)
One small step for man…
One giant leap

Will we take it again?

From Spears To A.I. To Spears In Two Easy Steps

“How do you hunt a bear in winter?  Go in his cave with spears.” – The 13th Warrior

I bought some spears on E-Bay® but when they arrived, they were all missing their points.  I guess I got shafted. (all art is A.I. generated)

Ahhh, innovation, that Pandora’s Box that has poppled up again and again in the Self-Stor® of history in the back corner underneath the stack of old National Geographics®:  “Why do it the hard way when you can do it the smart way?”

In paleolithic times, the technology was napped stone turned into a spear point.  Oh, sure, the old folks said, “We didn’t need any of those fancy flint spears when I was growing, up, we just took down the mammoth with our fingernails and teeth,” but the overall access to calories for the tribe, one measure of their wealth (along with number of remaining teeth), increased.

This was doing things in a more indirect manner and is one of the oldest examples we have of human-like behavior in the archeological record.  Rather than try to gnaw a mammoth to death, the idea was to spend time finding and crafting a piece of wood into a shaft, knapping a stone spearpoint, using a leather thong and wrapping the whole thing up to make an easier way to take down a mammoth than just using incisors.

I don’t see much of a downside to this technology (I mean, besides the whole war thing that came with it), and it certainly scaled quickly.

I saw a mammoth singing Calypso.  His name was Hairy Elephante.

Other examples include:

  • writing, where quill and ink and papyrus replaced having to remember things, making words from ephemeral utterances to, in some cases, an eternal record;
  • organizations, where rather than doing any old thing you wanted, you had a task, making groups more effective;
  • agriculture, replacing wandering around looking for food to growing beer components so they could harvest them at the end of the year for the big harvest party.

Technology is that replacement of some aspect of our life that is difficult with one that is much more indirect, yet makes the task easier.  These changes fundamentally changed society.

The Agricultural Revolution was one, turning humanity from wandering bands of dudes who spent all day in the outdoors hunting to dudes that could now have 9 to 5 jobs and backaches from plowing.  Oh, and taxes.  Yup, taxes and mortgages and debt.

Ouch.

The Mrs. told me she was getting tired of the corny jokes.  So, I decided to do jokes about chemistry, but was worried about the reaction.

The Industrial Revolution was another, turning humanity from relying on animal and human effort into one where chemical release of energy made slavery uneconomical, also creating the first case of obsolete farm equipment.  The economics of the Industrial Revolution led to the end of slavery in the West (there are more slaves in Africa right now than there were in the United States before the Civil War), not ethics or virtue signaling.

But this controlled chemical release of energy made so many other changes possible.  Energy had been very expensive, and now it was, by historical standards, cheap.  Many innovations followed in rapid succession because of this singular change.  Trains, telegraphs, textiles, tapioca, trampolines, toilets, televisions and PEZ® can all trace their existence or mass production back to the Industrial Revolution.  Oh, and child labor.

What’s short, tired, and very profitable?  Child labor.

Let’s look at one consequence of the Industrial Revolution:

In order for people on the coasts to have fresh meat, railroads had to move live cattle from the center of the United States to the coasts.  This required watering and feeding along the way, and was expensive since lots of cattle parts that people didn’t want to eat (like hooves and heads and hair and hides and other parts starting with the letter “H”) had to be moved as well.  It was expensive to move what was to a butcher in New York City, nothing more than waste to discard.

The innovation of a refrigerated rail car changed all of that:  cattle could be slaughtered all in one location, and everything from them could be used in subsequent products, bones for glues and buttons, hides for leather dominatrix boots, leather for dominatrix whips, and, well, you get the idea.  This is where the famous quote on pork production by Upton Sinclair came from, “ . . . use everything but the squeal.”

It also changed and allowed monopolization of the market.  Now, due to the organization of massive slaughterhouses and meat production facilities, ancillary factories like tanneries and sausage plants and glue factories could also be built, which explains Chicago.

Almost all multiple stabbings are committed by someone very close to the victim.  Arm’s length, at most.

Chicago became the terminus for cattle heading nationwide.  This gave the buyer huge amounts of influence, since now purchasing of cattle became centralized, the purchasers could set their price.  Likewise, the cost structure changed to the point where producers could nearly give the meat away for free due to the profits from the rest of the animal.

This concentration of power allowed the profits to be centralized, and with only two or three players, they colluded to make as much money as they wanted.  This did increase the overall wealth since now people in New York could get decent steaks.  Also, I suppose people wanted those slaughterhouse jobs or else Upton Sinclair’s book, The Jungle, wouldn’t have been such a powerful recruiting tool.

It did provide just one example of a technology that was greatly disruptive, and changed an industry, centralizing it, and making the extraction of profits at a single point possible.  Congressional action in the form of the Packers and Stockyards Act of 1921 was necessary to break up the five-company oligopoly.

I once read about a motor that was too powerful for the moving stairway – it escalated very quickly.

Weird how we recognized the danger of capital concentration back then instead of providing infinity bailouts.  We recognized that technology should work for us, and feared the concentrated power of both government and corporations.

Now?  We have a domination of the economy in a similar fashion, for similar reasons: the Internet made information access trivial, leading to the collapse of the existing commerce and distribution system.  Oh, yeah, it’s the gateway to the technology that is already disrupting the economy on a scale that meat packing never could:

Intelligence.

Okay, not exactly intelligence.  But in certain applications it can do wonders.  I had a phone call with my credit card company.  The call was crisp, clear, relevant and in perfect English.  Only when I asked a non-standard question did the odd hesitations and gaps show up, and it transferred me to . . . “Peggy” whose thick Hyderabad accent told me her name wasn’t really Peggy.  Peggy was able to answer my final question.

How many lawyers does it take to change a lightbulb?  Don’t know, the jury is still out.

A.I. has taken over a conversation and now some Indian was out 7.5 rupees, or whatever the name is of that colored wrapping paper they use for a currency is.

This is just the beginning.  I had an A.I. tech support question where the answer came in a chat window – three or four messages, one last “Did you try this?” and the problem was fixed.

Heart surgery soon?  No.  Controlling telemedicine and serving up patients to doctors who have been prepped by an A.I. assistant?

Yes.  And artists?  They’re now competing against free.

I hate making spelling mistakes on this blog.  Just one and the whole post is urined. (in fairness to Grok®, it got the spelling correct on one of the two)

And control of A.I. is all concentrated in server farms and Seattle silos.  If 11.7% of jobs in the United States are, as a recent MIT estimate showed, in danger of A.I. replacement.

But add on the indirect jobs lost, you know, because 11.7% of jobs that pay decent wages go away?  The numbers show that the job losses that follow because that 11.7% aren’t going to McDonald’s® anymore could jump to a combined 27.4% drop in unemployment, a Great Depression level number.

This is a calculation, not a blind guess.  In technical terms, that means it’s still wrong, but I’ll be able to explain why.  Using Okun’s “Law” (about 2% GDP drop from each 1% unemployment rise) that calculates to a 50%+ drop in GDP.

Nah, it’ll be fine.

We still know how to make spears.

Monday Bonus – A Wilder Original Song: Deceiver

Something to get the blood pumping on a Monday Morning.  Danger: Rock and Roll Ahead.

Deceiver
By John Wilder

Shadows creep inside the wall
Whispers set the final call
One false face, grin soooo wide
Throws open the gates, lets death ride

City burns while traitors sleep
Promises they never keep
Horde floods in, steel sings as it must
Your name cursed, drowned in

dust

Deceiver, snake in the keep
Sold us out, sold us cheap
Gates torn wide, the wolves rush in
Now you swing for your sin

Deceiver!

Troy’s horse, Judas’ coin
Benedict’s boots on sacred soil
Rome’s own sons who took the gold
All end cold, all end cold

No grave deep enough to hide
Crowd drags you to the gallows high
Rope bites neck, last breath spent
Justice served, no time

To repent

Deceiver,

Snake in the keep
Sold us out, sold us cheap
Gates torn wide, the wolves rush in
Now you swing for your sin

Deceiver!

Look at us, eyes like stone
Your turn now, you die alone
Will you curse or will you cry?
Either way, traitor,

Goodbye

Deceiver

The Economy: Is It All Fake?

“This is my costume. I’m a homicidal maniac. They look just like everybody else.” – The Addams Family (1991)

The upside of burkas is that if you divorce and remarry, you can keep the same photo on your desk.

October is supposed to be the weird month in the markets.  Why?  Harvest.  Halloween sugar highs and fake vampires going “trunk or treat” because “trick or treat” is just too much walking for parents, who can’t let the kids out by themselves because . . . 2025.  Me, I remember lining up at the neighbor’s house to get decent-sized Snickers®.

Maybe it’s just that less daylight makes people crazy.

Who can say?

But this year, the market is throwing a tantrum that makes a toddler with a baby bottle full of Red Bull® look chill.  The Dow© was down 800 points yesterday (my yesterday, not yours).  The NASDAQ™ is nursing a Nvidia®-sized hangover, and Bitcoin?

If you give a Bitcoin to an exotic dancer, is it a Striptocurrency?

It’s a Bitcoin bear market, baby.  Bitcoin crumbed from $127k highs to $88k like it just discovered gravity after a night of tequila and strippers.  I’ve never quite understood the allure of Bitcoin, though many people have made tons of profit with it, and I think that Fartcoin (yes, this is real) proves my point.

I think the big thing that’s different is Trump.  Trump is absolutely going to choose a Fed® chairman that will lower rates like a frat bro bringing out the backup keg at midnight.  Why?  Because Trump wants lower rates, so he’s auditioning like it’s The Apprentice:  Interest Rate Edition.

But here’s the punchline:  Lower rates for an economy dealing with continual high inflation and fiat currency disease?  It’s like lighting a cigar with a jet engine.  Sure, it gets the job done, but if you stand too close, you’ll end up medium well.

What do you do if you find Michael J. Fox in your hot tub?  Add laundry.

Big banks love lower interest rates.  It allows them to cover the losses they stood while whistling like nothing was going on, the same losses that took down Silicon Valley Bank.  Businesses usually like low interest rate because it makes stuff easier to buy, yet there has to be something worth buying, some revenue stream to capture.

The result?  Bankers win.  Again.  At a certain point people begin to feel like Wile E. Coyote.

But the financial shenanigans aren’t limited to the United States.  Stimulus, that economic equivalent of jumper cables is showing up around the world.  Japan’s GDP shrank, so they thought they’d toss out $110 billion to convince the Japanese to, what, buy more manga and sushi on top of Japan’s current sky-high debt?

China will not be left out.  They’ve decided to sell a bunch of bonds and deficit spend because it’s worked out so well for us.  That’s $1.4 trillion to add to the dragon’s fire.

And the United States?  Our “annual stimulus” is the $1.8 trillion federal deficit for FY2025, down a smidge from last year’s binge but still ballooning debt to $36T like a bad hair day on steroids.

You know what chicks love?  Sweeping generalizations.

Where does all this money go?

Apple®.  Apple© is swimming in cash, with $200B stuck in the seat cushions, while small companies pay rent with expired McDonald’s™ Filet o’ Fish® coupons.  And Nvidia®, which is the other stimulus program of the United States.

And low interest rates tend to drive stock prices up.  Yet, the valuations are already high, and most of the economic growth of the country over the last year (if not all) has been buying Nvidia® chips and building places to house Nvidia™ chips and building power to allow the Nvidia© chips to depreciate into e-waste so they can be replaced by . . . more Nvidia® chips.

It’s sort of like we decided to dedicate the entire economy to create an Ouroboros meme.  Or, let A.I. make an Ouroboros meme.

As found.  90% of why I wrote this post is because I wanted to use this meme.

And even though the market is going down right now, it seems like it’s going to go back up.  Why?

I guess so we can do more stimulus and create more data centers.  So, the interest rates can go lower and . . . we can do more stimulus?

Don’t know.  I just know that Warren Buffet retired with Berkshire Hathaway sitting with a pile of $381 billion in cash.  Buffett normally tried to buy stocks that were undervalued and let them run.  To be fair, I’d be hard put to find a place to invest $381 billion in cash where I thought it would make money since I can’t seem to do that with the little horde of cash that I personally have.

This, from a guy who had to work until he was 95.

Regardless, despite Halloween being over, the whole thing seems . . . fake and artificial.  It’s like “trunk or treat” is today’s stock market, a big fake line.

To me, it feels like a gigantic faux queue.

Disclaimer:  I don’t own any stocks mentioned in this post, or at least I don’t think I don’t think I do nor do I intend to buy any by Friday.  However, I may have a Snicker’s® bar on Friday, so, don’t front-run that trade since I didn’t buy any Snicker’s™ futures.  If you think taking financial advice from an Internet humorist is a good idea, you should consider getting psychological advice from Hannibal Lechter.