Category: Silly Predictions

Wherein I Use Greek Mythology To Show How Screwed We Are

“Would Homer cut away from Odysseus’s journey just as he was being enticed by the siren’s song?” – BoJack Horseman

My lack of knowledge of Greek mythology is often my Achilles’ Elbow.

We’ve reached the Scylla and Charybdis stage of our economy.

Scylla was, in Greek mythology, a six-headed monster that was probably less scary than the average half-dozen Congresscritters, and certainly less dangerous.

Charybdis was a whirlpool that sucked inside everything that got close to it three times a day, so it was pretty much exactly like Kamala Harris.

The idea is that if you’re between Scylla and Charybdis, life is on the edge because there are dangers on either side.  When Odysseus tried to sneak between the two, he lost six crewmembers, one to each head of Scylla.  Thankfully they didn’t go too close to Charybdis, since Kamala has a mean-looking canker sore, and some gifts last forever.

Trying to thread the fine line between Scylla and Charybdis:  that’s where our economy is now.

Could it be that the Odyssey is just a made-up excuse by a husband as to why he’s ten years late?

As inflation rages through the system, every minute that we have an interest rate well below the rate of inflation, inflation is being fed.  To quote Joe Biden from January 24, 2022, “It’s a great asset – more inflation.  What a stupid son of a bitch.”  You can tell he’s excited to Build Back Better!

Oddly, it’s not inflation in everything.  Some items are starting to deflate now.  Houses, for instance.  The price of a house is tied to the interest rate – the more interest wrapped into a monthly payment, the fewer the number of buyers that can afford or qualify for a loan.  And in Biden’s America® people have to qualify for more important things, like a Quarter Pounder™ or a tank of gas.

But back to home loans:  fewer people qualify?  Less demand.  Less demand?  Lower home prices.

When we moved to Modern Mayberry in the middle of the Great Recession, some houses had been on the market for longer than 350 days.  These were decent houses, but there just wasn’t any demand.  Recently, as people began to take my advice and flee the cities, houses disappeared off the market in days here in Modern Mayberry.  With all the city folk moving in, at least I know what a hipster weighs:  an Instagram®.

One hipster I knew poured water from an ice tray into his beverage.  He liked ice before it was cool.

Now?  Interest rates for mortgages are going up, so demand for houses will be going down.  Eventually, the market for houses will go back to where it was when I got here.  That’s okay, I never expected to walk away from Stately Wilder Mansion with a single dime of profit.  For me, a house is where I live, not an investment.

So, interest rates up, housing prices down.  Simple.

Also, interest rates up, stock prices down.  For the last decade, stocks have been just about the only game for people who were trying to keep up with inflation.  This was a continual pressure upwards on stocks.  Now as interest rates go up, there are other options.

Traditionally, there was (this was something I read in an article a long time ago) a formula showing the value of a stock in relation to the interest rate:  Maximum P/E=20-Prime Rate.  That meant, with an interest rate of 0%, a stock was at fair value with a Price to Earnings ratio of 20.  Likewise, if the interest rate was 10%, the fair market P/E would be about 10.

Obviously, it’s such a one-dimensional analysis that it was made back when “digital computing” meant counting on your fingers.  There’s no way I’d suggest anyone use it to pick stocks (nor would I suggest taking the advice of an Internet humorist on any investment advice no matter how witty, charming, and handsome he might be), but it does show how the relationship between interest rates and stock prices and earnings was thought about once upon a time.  But it summarizes the same idea – interest rates up, stocks down.

I bought some speakers.  At least that was a sound investment.

Heck, it even led me to a never-fail way to manipulate individual stocks:  if I buy a stock, it goes down.

There are other impacts, too.  For instance, it makes debt harder to pay back for people around the planet.  If Egypt owes money to ChaseAmericanFargo™ Bank and the interest rate is variable, that means that Egypt will have to start selling items to pay back New York, or London, or Beijing.  Heck, the British would already have the Pyramids, but they wouldn’t fit in the British Museum

More money to the banking centers?  Less money for chow for the Egyptians.  We saw this exact scenario play out in the Arab Spring in 2012.  Expensive stuff caused people to go hungry and then hungry people with no hope do what they always do when they can’t watch Netflix™ and buy Twinkies©.

They swap out the government.  The new boss looks a lot like the old boss in Egypt, and it’s exactly the same boss as it was in Syria.  Some things don’t change.  If it’s bad enough, it also craters the economies in South America and, even Canada might have its assets frozen.  Or, more frozen.

How did Kamala get her cold sores?  She dated Herpules.

But when the interest rates go up, it’s not just the government in Egypt that gets squeezed.  The current debt in the United States is $30.5 trillion.  The total US debt, including personal debt, student loans, credit cards, and I.O.U.s to me from that one guy that owes me $20 is about $91 trillion.  (All numbers from usdebtclock.org)

When the interest rates go up, the payments on interest go up.  That means less money available for everything else.  When last I looked, the mandatory payments the Federal government were as much as or more than the amount of money that they took in.  That means that printing more money is now the only way the system can work.  It’s like having a tobacco cessation class with a two-cigar minimum.

That leads to the difficult bit – the hall of mirrors.  If we don’t raise interest rates, and raise them quickly and raise them high enough, inflation will devastate the economy.  If we do raise them, interest payments will freeze the economy and dry up all the PEZ®, pantyhose, and elephant rides the government buys daily.  We are in a classic trap, but it is a trap entirely devised by the Fed® and the politicians working long-term problems on short-term incentives.

By attempting to push back the moment of financial reckoning by any means possible, we’ve created a failure that is much, much larger.  If we would have let financial companies fail in 2000 and 2008, and fixed the structural problems with Medicare, perhaps, just perhaps we wouldn’t be here today.

But we are.

How bad are things?

Again, people have been trying to gauge when things in the stock market are out of whack – Gregory Mannarino came up with a market risk index that he called the Mannarino Market Risk Index, which was modified by Nobody Special Finance into the Modified Mannarino Market Risk Index.  You can watch the video on what makes it up here (LINK).  It’s only twelve minutes, and it’s pretty simple.  The MMMRI is simple, but it’s still quite a bit more sophisticated than the 20=P/E-Interest rate formula from back in the Stone Age.  The summary is of selected past MMMRIs is:

  • Black Monday (1987),               MMMRI 234
  • Dotcom Bubble Pop (2000),   MMMRI 208
  • Great Recession (2008),           MMMRI 169

Right now?

You can find tracking information on MMMRI here (LINK) on Mannarino’s website.

Yup.  MMMRI is screaming loudly that the stock market is really, really messed up.  But you knew that.  Things are broken, and they’re breaking faster as things go downhill.  So, whatever you do, don’t buy canned goods and storage food and precious metals and PEZ® and ammo.  Nope.

I’m sure that the team of Biden and Harris along with Janet Yellen, Treasury Secretary, (who had no idea that inflation was even a problem) or Jennifer Granholm, Energy Secretary, (who said that high gas prices are “a very compelling case” to buy an electric car) will be here to help us charter a safe course between Scylla and Charybdis.

Oh, wait, Biden and Harris are Scylla and Charybdis.

The Good News Is The Same As The Bad News: It’s You

“Winners always want the ball. . . when the game is on the line.” – The Replacements

Floors take on a lot of responsibility. It’s like everything falls to them.

There’s bad news:

No one is coming to save you.

But there’s good news:

No one is coming to save you.

Who will save us?

You will.

I think many people have this weird idea that other people are the answer. The last first aid course that I took before moving to Alaska ended up every scenario with, “and then you call 911.” To be fair, that’s a great idea in most places. I mean, unless you’re in a school.

The reason the murder rate has gone down over the last few decades isn’t because the idiots in Chicago have developed some sort of restraint in shooting each other. Nope. The medical folks are faster at getting those that were shot, and the docs are better at saving them.

The woman who helped The Mrs. deliver Pugsley quit. I guess she was having a midwife crisis.

But then I took a first aid class in Alaska.

Wow. Night and day. The content was much, much richer. The trainers went into much greater detail, and told us, “You’re not trained to do this. But if help isn’t coming, it might save a life.” The translation was simple. Phone coverage in Alaska sucks.

How bad was it? When we moved there, you couldn’t get a phone line, even if there was copper to your house. And cell service? The infrastructure consisted of what two bright schizophrenics that left the mainland United States could cobble together with the parts of a downed DC-3.

Everyone else was in the same boat. The message was clear.

“You’d better pay attention.”

The quiet part they didn’t say in class was: “because no one is coming to save you.”

When I woke up in the hospital, I told the doctor I couldn’t feel my legs. “That’s because we amputated your arms, maybe?”

When I ended up having to have my entire fingernail removed and the part under the nail stitched up because there was were two 55 gallon drums of salmon oil (I’m not making ANY of this up) on my property that I tried to open and the wedge slipped and pulled most of the nail off anyway, the doctor said, “Okay, this is going to hurt like hell for a few days. I’m going to prescribe you some (powerful painkiller). You probably won’t use them. Toss them in your backpack, so if you’re out moose hunting and break your leg, you might be able to limp out.”

Think that a doctor would say that in Nebraska?

He didn’t say the quiet part: “because no one is coming to save you.”

I prefer it that way. Really. Sure, I like Internet and electricity and cold beer and watching Trailer Park Boys. But I know the true answer.

When it goes bad?

No one is coming to save me.

Three friends were in the forest – the first said, “These are moose tracks.” The second said, “No, those are bear tracks.” The third was run over by a train.

That might sound depressing to some people, but not to me. I like me. And, I like my chances. To be fair, the person in this world I trust most in the world . . . is me. The next one is The Mrs. Third in line?

Maybe Sturm, Ruger, and Company? Yeah, they’ve always been straight shooters to me.

One of the lessons that I’ve walked away with in the last 20 years of my life is that:

  • the police,
  • the Constitution,
  • the courts,
  • the military,
  • congress,
  • and anyone sitting in the office of president

is not going to save me.

And they’re not coming to save you, either.

In one sense, it’s scary. I think that many people take the idea that someone, somewhere, is responsible for them. That’s simply not true for anyone over the age of, say, 14.

We are not passive actors in our lives. That idea is corrosive. We are in control.

That’s from an Edgar Allen Poem.

I think a lot of the idea that other people are responsible for us comes from the anonymity of large city life. To me, it’s odd – the more of us around, the less responsibility we feel, and the more we want to blame other people. Why? With so many people around, it brings anonymity. Anonymity makes it easy to avoid responsibility.

In Modern Mayberry? We know each other. We talk to each other. We are, in the end, responsible. I go to dinner, and the owner of the restaurant greets me, and (from time to time) brings a bottle by the table and pours each of us a shot.

Why?

Our lives are not anonymous. It’s a community. Are we responsible for ourselves? Certainly. But in a small town, we understand that we help each other. And he can go home and tell his wife he wasn’t really drinking on the job.

“Tequila or vodka?” That’s how I’d start a marriage counseling session.

Our nation is fundamentally broken. I’d say that someone in New York City doesn’t care about Modern Mayberry, sitting here in flyover country. But they do. Most of them can’t even understand it, but what they do understand they despise.

That’s okay. I’m not responsible for them. And I certainly don’t want them to be responsible for me.

Only you can save you. Only you can save your family. And that’s still the good news: “Winners always want the ball . . . when the game is on the line.”

The people in Washington D.C.? They won’t save us.

You will.

And that’s the good news. Your life. Your future. Your family. Your country. They’re in your hands.

Would you change that for anything?

I wouldn’t. I like it when the ball is in my hands.

I wouldn’t change a thing.

Our Economy: At The Jagged Edge

“Because of the metric system?” – Pulp Fiction

I saw a mountain covered in cows.  “Huh, that must be Mt. Heiferest.”

Systems work within certain limits.  Let’s take . . . the Earth.  The Earth is absolutely filled with life.  It’s nearly everywhere, and in abundance, unless a particular bit of life has secrets about the Clintons.  Let’s just look at a single variable of the system that supports life:  temperature.

All things being equal, if the Earth was as hot as Venus is, the zone where life could exist (if it was based on the need for water, of course) would be pretty small.  Likewise, Mars would have a smaller envelope – it’s too cold – and water would be frozen most of the time.  Sure, life is technically possible in both locations, but it will never thrive like it has for a huge chunk of the Earth’s history.

And that’s just one variable impacting a complex system.

There are many ways to configure an economy.  Most of the ones that work really well are decentralized for most things.  No one tells a farmer in Nebraska what or when to plant.  The farmer chooses, based on what he thinks he can sell.  No one tells PEZ® to make a Yosemite Sam™ PEZ© dispenser.  But why wouldn’t they make a Yosemite Sam® PEZ® dispenser?  Duh.

A day on Venus lasts 5,832.6 hours, so it’s just like a Monday on Earth with Biden in the White House.

Most of the time, this system is pretty closely coupled.  The world doesn’t have years of surplus of, say, food just sitting around – with billions of people, I know someone would eat the Ding Dongs® and Pop Tarts™ first and then there wouldn’t be any for me.  I mean, it certainly looks like Nic Cage could make an infinite amount of movies since the word, “no” isn’t in his vocabulary, but even he has limits to his Nic Cage-ness.

I think we’re close to the limits of the system that’s given us prosperity as we know it.  Yup, that’s a sobering thought.  Here are a few data points:

This one hit me fairly hard (from Vox Day’s place – there’s more at the LINK):

I own a small trucking company, and this is what the fuel crisis is doing to our country… Today I filled up my truck to deliver products that help keep our country fed. When I filled up my truck, it cost me $1,149.50. This is ONE truck, for ONE day of fuel. I own three. So for one day of operation, it’s costing me $3,448.50. (Yes, we use a full tank of fuel every single day, sometimes more than 1 tank per day).

My trucks generally run 5-6 days a week, so we’ll just estimate on the low side and say five. That’s $17,242.50. Last week was over $20k for ONE week, that I have to pay out of my pocket to try and keep not only my children fed, but those of my employees, and our country.

Mark my words, we are on a downhill slide to the worst recession our country has ever seen. Trucking companies are going under left and right. (Literally hundreds weekly.) If you’re not aware, what you’re wearing, what you’re eating, what you’re living in, what you’re driving, what you’re reading this on, was delivered by a truck.

That’s sobering.  All the beer comes on trucks, so it could be literally sobering.

We might need USB if the USA fails.

What else have we seen?

  • Baby Formula Shortages
  • Rising Violence, Well, Everywhere
  • Short Tempers
  • Shortages of Basic Repair Parts For Vehicles

These have some consequences.  Big ones.

People are pulling back on frills, in a hurry.  A very good restaurant in Modern Mayberry just shut down.  Forever.  The owners threw in the towel.  Rising prices led to fewer customers . . . customers feeling pinched can always cook their own food at home as a quick way to save a few bucks.  I opened my browser (which thinks I live hundreds of miles away from Modern Mayberry) and saw the same exact story a few hundred miles away on the same day our local hangout closed – another, distant, beloved local restaurant shutting down in a town I’ve never been to.

The Mrs. has a phobia so she stacks the plates in the cabinet by the year we bought them.  It’s a very rare dish order.

Why are dining customers feeling the pinch?  Let’s just talk a single variable:  fuel.  By my calculations, the rising cost of fuel is draining $2.3 billion dollars a day, every day from the economy.  That’s not quite a trillion dollars a year, but fuel is priced into everything.  Divide the rough annual cost of just the increase and I came up with almost $2,800.  Per person.  Multiplied by a family of four, and that’s about $11,000 a year per family.  If the average family makes $69,000 a year, just the increase in fuel prices is about 16% of their annual income.  Sure, lots of that isn’t direct to the family, but it gets priced into every single thing they buy.

That’s stark, especially because it’s only a single variable.  Increased interest rates will be hitting soon, along with all of the financial pressures that will bring.  And, of course, there will be more things as this crisis cascades.

I took a college elective on pollen creation.  I got a B.

Here’s another data point.  I pulled into McDonald’s® and asked for a McSausage McMuffin with McEgg®.  Don’t judge me!  They’re tasty!

“Sorry, we’re all out.  We do have sausage biscuits left.”

“Okay.  I’ll take one.”  Not my favorite, but, whatever.

“Okay, that’ll be $6.50.”  It was just as they put up their lunch menu, so I hadn’t seen the price.

Six fifty?  For a sausage patty, some not great scrambled eggs, a slice of cheese, and a biscuit?  And it wasn’t what I wanted in the first place?

I noped out of that.  First time I’ve canceled a drive-through order that I can recall, but I didn’t need the sandwich $6.50 worth.  I drove out of the line and off on my way.  Good thing it wasn’t an Amish McDonald’s® – I hear they don’t have outlets.

I hate to think about what happens when Joe runs out of his “good” ideas.

Our economic systems are certainly out of balance.  Badly.  We’re at the edge of a cliff, and I have the feeling that things will soon be changing, and quickly.  Be prepared for a change in temperature.

A.I. – The Most Dangerous Game

“Nuke it from orbit, that’s the only way to be sure.” – Aliens

When I go out to eat I always try to tip my waiter.  That’s how I know that they have terrible balance when they are carrying one of those big round trays.

There was quite a bit of upset from the “I love science” side of the Left recently.  What triggered them this time?

(Spins Wheel of Leftist Outrage)

Computers.

How did the toaster make them mad?

An Artificial Intelligence (A.I.) computing system designed to review x-rays was able to make correlations because, well, that’s what they programmed it to do.  The correlations allowed the A.I. to be able to predict the self-reported race of the individual based solely on the x-rays with a 90% accuracy.  You can look it up.

One writer actually used the phrase, “can perpetuate racial bias in health care” since the bias of the writer was that race is a social construct that had nothing to do with genetics and tens of thousands of years of separate development.  Huh.  Nope, none of that matters.  A slogan written by a hippy is obviously more important.

What bothered the writers that I read is that they had no idea how the A.I. could do it.  The researchers purposely degraded the resolution on the x-rays, and the A.I. could still make the prediction accurately.

This isn’t where it ends.

My Tesla’s A.I. wouldn’t let me in the car.  It said, “upgrading driver”.

I wrote several years ago about an A.I. that could predict life or death based on an EKG (elektrokardiographie if you’re planning on invading Poland), or ECG – electrocardiogram. Some of the ECGs looked absolutely fine to human doctors they detected no abnormality, yet the A.I. was able to see something that accurately allowed it to predict the death of the patient.  This was even when the actual doctors made of meat couldn’t see anything wrong with the ECG.

And, to my knowledge, they still don’t know how the A.I. did it.

The game “Go” – originated in China almost 2,500 years ago, when your mom was in high school.  Google©’s AlphaGo Zero learned how to play Go by . . . playing itself.  It was programmed with the rules and played games against itself for the first few days.  After that?

It became unstoppable.  It crushed an earlier version of itself in 100 straight matches. Then, when pitted against a human master, probably the best Go player on Earth?  It played a game that is described as “alien” or “from the future.”  The very best human Go players cannot even understand what AlphaGo Zero is even doing or why it makes the moves it does – it’s that far advanced over us.

And, to my knowledge, they still don’t know how the A.I. does it.

What happens when you win this game?  The answer might shock you!

There are more examples, but I think I’ve proven my point.  A.I. exists.  A.I. is real.  Is it right now equivalent to a general human intelligence?  Nope.  And it may never be exactly that, since it may never be exactly like us.

I’m fairly certain that most A.I. researchers have seen The Terminator, yet they keep advancing A.I.  Why?  I mean, besides that their name isn’t Sarah Connor?

The stakes are huge.  What if you had an A.I. that could predict stock market behavior, even an hour in advance with 95% accuracy?  This sort of prophet machine would become a profit machine.  It would be worth billions.  And what if you had an A.I. that could make dank memes as well as I do?

If these were sold on an infomercial you know they’d call it Screw It!

I think that one of the things that is not widely known is how very different that A.I. might be.  Human emotions serve a purpose to allow society to function.  What would A.I. value?

  • Would it have sentimentality or would it judge people based entirely on societal utility?
  • Would it make the judgment that entire categories of human society need not exist?
  • Would it have “voted” for Joe Biden, too?

Yeah, and weirdly as that potentially scary scenario of a super-smart intelligence that had no particular connection to the goals of humanity might be, that’s just the starter.  Artificial Intelligence might also be the most dangerous trigger for an external existential threat to humanity.

What?

Well, assuming that time travel and the ability to cause a generalized cascading decay to the zero energy state (zero point energy) aren’t possible, the most dangerous thing that humanity could unleash on the planet is A.I.  And, unlike time travel or a sober member of the Pelosi family, from everything I’ve seen, A.I. certainly is possible.

Lenin loved Hip Hop.  Favorite artist?  M.C. Hammer and Sickle.

While travel for humanity throughout the galaxy is a really, really hard problem due to time and energy, travel through the galaxy for an A.I. is easier.  Don’t want to spend 25,000 years traveling to the next star system?  Easy.  Take the redeye and sleep on the way.

No habitable planets there in the star system?  No problem.  An A.I. doesn’t need oxygen and beaches and water.  It can land on an asteroid and make copies of yourself.  While the A.I. is replicating faster than a Kardashian that just let out its mating call (“I’m soooo drunk!”) it can 3-d print and then shoot copies of itself to the next five-star systems nearby.

And repeat.

Depending on the method used, essentially every star in the galaxy could be visited by an A.I. probe in a fairly quick timeframe.  How quick?  500,000 years to 10,000,000 years, or roughly how old George Soros is.  That’s quick, and essentially meaningless to a toaster or a George Foreman Grill®.  And if I were an advanced alien civilization, that’s the thing I would be scared of – not a grill, but an advanced, very alien intelligence with unknown motives showing up in my solar system.

What’s the toughest thing about being vegan?  Apparently, keeping it to yourself.

So, using the same principle, I could send my own (smart, but not A.I.) probes to hang out in nearly every solar system – waiting.  If those probes saw signs of a possible A.I.?  What would I program them to do?

Yup.  You guessed it.

Nuke the civilization back to the Stone Age.  It’s the only way to be sure.

So, as we worry about the problems in our civilization, remember – it could always be worse.  We know that Kamala doesn’t have any intelligence – artificial or otherwise, so the alien probe will certainly leave her alone.

Wherein I Discuss Home Mechanical Systems, The Economy, Otters Running A Nuclear Plant, and Pelosi Alcohol Consumption

“Iced tea. . . air conditioning . . . water.” – Stargate SG-1

I went to an air conditioning conference once.  It was pretty cool.

Let’s begin our tour of the economics world with the lowly thermostat.  When The Mrs. and I were first married, The Mrs. would turn the thermostat on our air conditioner way down in the summer, say, to 62°F (45km).  This led to the house gradually beginning to cool down, but the air conditioner would labor on like a Billy Barty attempting to oil a “modern” Sports Illustrated, um, model with a stepladder and a 55 gallon bucket.

This electrical effort by our air conditioner would continue until the outside of the house would resemble Joe Biden after he’s seen his latest approval ratings:  a cold sweat on the exterior of the house as the moisture outside condensed on the meat-locker temperature windows.

I asked The Mrs., “Why do you turn it down so low?”

“So it gets colder, faster.”

The Mrs. says I’m an absolute 10 – on the Kelvin scale.

Now, on the surface, that sort of logic makes sense.  If I spin the dial on the stove farther, it heats up my Dinty Moore Beef Stew® and Orange Jell-O© mix faster (goes great with corn and doughnuts).  Twisting the dial puts more energy onto the stovetop.  But (at least in every house I’ve lived at) the air conditioning doesn’t work like that – at all.

The air conditioner at our house is either on or it’s off.  There is no “kinda on” or “working as hard as a Supreme Court Clerk deleting his phone texts” setting.  Nope.

On.

Off.

Two choices.  So, if you want it to be 68°F, and you put it to 68°F it will get to 68°F exactly as fast as if you put it down to 40°F.  But not everything works that way, and The Mrs. can certainly be forgiven for not knowing that when we met.  Plus, in our case, the air conditioner dries the air, so when I woke up in our 40°F house in the summertime, the air was making fun of Hillary Clinton since it was as dry as Norm Macdonald’s wit.

I hear that when Norm got to Heaven, St. Peter told him, “Norm, you have to have an eye test.  Cover one eye.”  Norm covers one eye and reads the chart:  “E-I-E-I . . . Oh, come on!  I wasn’t that old!”

The economy is certainly more complicated than a household HVAC unit, but I’m not sure the incompetent participation trophy award winners at the White House have any sort of clue.  At all.  They’re like putting playful river otters in charge of running a nuclear reactor.  Sure, it’s all fun and games watching them be all nimbly-pimbly with the control rods.  But sooner or later (mainly sooner) the control rods will be pulled and the uranium will eventually melt into a radioactive mess that’s slightly more destructive than the Amber Heard v. Johnny Depp trial after the core melts down.

I believe this is actually from the trial –  Lawyer:  “Did you see what happened after you left?”  Depp:  “I wasn’t there after I left.”

The point is that our economy is complicated, and we’re dealing with a current Resident of the Oval Office that would find running a YouTube® video complicated.  “What do you mean, I press the button and the sheep start to talk?  How does that happen?  Who puts them in there?”

It would be hilarious if we weren’t actually living through this, like when Caligula named his horse a Senator of Rome.  My sides are still in stitches about that one!  But when it’s us, it’s scary.  I mean, Kamala’s not exactly a horse, but, still, the analogy holds, even in this case if it rhymes.

The air conditioner analogy (as a very simple one) actually does have some meaning in this case.  When an economy is stalled, there is a case (not the best one, but at least a case) for using money to restart it.  Sure, it’s dangerous.  And I can make the argument that we’ve done it so many times that it’s really messed up the entire system.

I hear she’s auditioned to be a Batman® villain – The Giggler™.

But after the system is going, by continually forcing more money into the system, well, as Joe said, “I did that.”

If that were the only issue, it might be solvable.  It’s just one variable.  Have Kamala and AOC eat all the spare money and then it might be as okay as Buddy Holly in a parachute.  Might.

Joe, however, has other ideas.  When you put sanctions on a nation, the idea is to hurt that nation.  Really, that was their plan.  But the sanctions against Russia (along with the war, which I also blame Biden for – he could have stopped it with ONE PHONE CALL) have resulted in soaring fertilizer and food prices.  That’s bad enough, but it has also popped fuel prices to record highs – The Mrs. wanted to give me something rare and valuable for Father’s Day, so I just asked for five gallons of gasoline.

Fuel impacts everything.

Roses are red, violets are blue, Janet Yellen doesn’t care about you.

The combination of these sanctions and war have effects that haven’t been felt yet – not remotely.  An example:  a farmer normally fertilizes his alfalfa to increase yield.  Not this year – the cost increase for fertilizer far outstrips what he expects to make in revenue.  So, he deals with the “natural” yields.  Due to high diesel costs, he also gets less money after the cost for harvesting is deducted.

What eats alfalfa?

Well, for one, cattle.  So, less alfalfa, more expensive food for cattle.  More expensive food for cattle?  Well, if the rancher can’t make a profit, he’ll sell the herd.  Those aren’t magic, and cattle don’t regenerate immediately like Wolverine®, so if you think we have high beef prices now . . . . just wait.

That’s the second idea:  every action has a reaction.  Some are immediate, like lower amounts of oil leading to higher prices.  Others are longer-term.  There’s a delay between taking the action and the result.

Going back to houses, this is like water hammer.  That’s what happens when a valve closes too fast in a poorly designed plumbing system.  The closing of the valve sends a pressure wave back and forth through the system, rattling the pipes as the pressure goes (at the speed of sound!) through the piping system.  If you’ve ever lived in a house with water hammer, you know the sound.  It’s loud.

But a simple act, closing a valve, can send waves of pressure moving back and forth through the system.

If you find a bomb that explodes when it’s stepped on, let me know.  It’s mine.

We haven’t seen the end of those pressure waves from the magical sanctions that were supposed to have weakened the Russians but have instead raised the value of the ruble and thrown the food and fuel systems of the world into turmoil.  Again, my analogy of otters running a nuclear reactor doesn’t appear to be far off as these secondary impacts reverberate through the system.

Eventually, these systems come back into equilibrium.  However, unlike the consequences of a 40°F house, in this case we end up with the possibility of an economy more wrecked than the Pelosi family after about 11 AM.

As Nancy would say, “Cheers!”

Why We Are The Luckiest People, Ever.

“Keep a memory of me, not as a king or a hero, but as a man.  Fallible and flawed.” – Beowulf

Donate one kidney, you’re a hero.  Donate six, and all of a sudden you’re a monster.

We are the luckiest people who have ever lived.

“Why, John Wilder, you must be insane!  Look at what’s going on,” you say.  Well, the nice men at the sanitarium said that the whole “insane” thing was in the past, especially since the surgery.  The doctor said the lobotomy was a no-brainer.

But really I believe that we are lucky.

When you look at the state of society, we see an amazing breakdown.  I chronicle that breakdown, week after week with this blog.  We see our government falling apart.  We see it brimming with fraud.  We see our lives mocked and insulted.

I hear summer in Finland is the best day of the year.

Functional cultures run on shared values.  The values built over hundreds or thousands of years of hard-fought experience on how to make that culture work?  To make a stable government?  These are all being subverted.

Discarded.

On purpose.

In a time like that, it’s easy to give in to depression.  It’s easy to give in to despair.

Seriously, though, why would you?

We can’t lose.  Why?

My boss calls me the computer at work:  if left unattended for ten minutes, I go to sleep.

We have the whole world against us.  We are called horrible names because we have beliefs rooted in those timeless values.  Even though they hate us, they’re more than happy to take the fruits of our labor – to tax and to take our productivity.  Despite that, at every point our politicians again and again take the road that gives them power – a road that is rooted in evil and lies.

And the world?  Many in the whole world have fallen for the lies, utterly.  Timeless values are overturned in the span of less than a decade.  In 2000, if young boys were dancing nearly nude in the streets, dressed as women, taking money from men, there would have been arrests.

Now, the pictures are printed and celebrated.

This is not evil, this is the Evil of books for children, of such a caricature that they’re nearly comical.  Charles Schumer?  Nancy Pelosi?  Joe Biden?  Soros?  Really?  They’re so over the top Evil that central casting wouldn’t send them to a serious movie – they’d be given roles as the Wet Bandits from Home Alone.

Pictured:  Chuck Schumer and Nancy Pelosi.

Their tactics are no better.  They brag about being tolerant while using the power of government and media to ruthlessly suppress any opposing voices.  They use the levers of government selectively – citizens visiting the Capitol on January 6, 2021 is the worst thing that ever happened.  Riots in the streets causing billions in damage, theft so brazen that stores pull out of major metropolitan areas?  They celebrate that.  Congress is used, again and again, to pass laws that push society away from values, destroy the family, and increase the power of the government over the governed.  Oddly, anarchists and Antifa® applaud that, and celebrate things that even thirty years ago would be called tyranny.

They hate us.  They are attempting to use the education system to make children hate the very culture and society that allowed the prosperity that they’re leeching off even now.  They want to erase the history that built this nation and the heroes that tamed a frontier and invented entire industries.

Galileo said that everything falls at the same speed.  He never saw Biden’s stock market.

Why do you think they want to destroy and desecrate our monuments?  Why do they hate our flag?  Why fill the media with propaganda?

They want parents to fear children in a mirror of the Soviet era.  They want to turn wives against husbands.  They want to split the atom that makes up society, the family, and replace it with the state.  Even religious institutions are rotting from within as the values of the Current Year replace the values that have proven themselves for over 2,000 years.

I started drinking brake fluid – it’s okay, though.  I can stop anytime.

That, my friends, is why we’re lucky.

Our backs to the wall, the entire world against us, we owe our enemy nothing.  We stand by our beliefs.  We stand by God.  We stand by our families, our wives, and our children.  We stand by the future that we are even now building.  To win, we will need to show virtue, courage, and strength greater than any generation that has ever lived.

We will do so.

We are in a place to bring heroism back to our world.  The future will remember us, not as the remnants of a world gone past, but as the founders of a world reborn.  They will speak of us for a thousand years.  They will write stories about us.  They will write songs about us.

That is why we are lucky.

When Will The Bubble End? When We Give Up.

“Oooh! Ahhh! That’s how it always starts. Then later there’s running and screaming.” – Lost World:  Jurassic Park

What do you call a swimsuit a girl wears to an animal park?  A Zookini.

One time, Pa Wilder told me he had been interested in buying Sears® stock in the early 1980s.  In addition to growing, it also paid a nice dividend.  He’d calculated that the dividend from the stock would have paid for the stock, and he could have sold it in the 1990s and been dollars ahead.  He didn’t.  Ma Wilder flatly refused.  She didn’t like stocks during the day, and I know she would have hated bitcoin in the evening.  I’m sure it would have been her crypto-night.

Ma’s philosophy was that hope isn’t your friend when it comes to most things in life.  And especially the stock market.  The stock market is really built on hope.  Many stocks have projected growth “priced-in”.  This means that they sometimes sell for many times their projected earnings.

Since 2008, the Federal Reserve® and the Treasury have done absolutely everything that they can to keep the prices of stocks up.  The biggest thing they did was to cut interest rates to zero, on everything but dirt.  On dirt, the Fed™ charges high-interest rates – I guess you could call them loam sharks.

In one sense, interest rates serve as an alternative to buying stocks.  If I can park my money in Treasury bonds and make a few percent (essentially keeping up with inflation) then that’s a stable investment.  Horses hate that as well – they often can’t invest because they don’t have a stable income.

I named my horse Mayo.  Sometimes, Mayo neighs.

But when the interest rate is zero, the government is printing cash as fast as it can, investments are pushed toward stocks, and more and more cash piles in.

This makes the investments silly, as more and more cash chases revenues.  In a world filled with eternal hyper-growth, this works.  But that world doesn’t exist, so essentially the stock market becomes a Ponzi scheme or a cargo cult of prosperity.

It’s good if you get out on time.  You get the upside of growth.  You can get dollars out of the market that you can buy things with.  Like me, I blew all my stock market gains on a limo without a driver.  Spent is all and nothing to chauffeur it.

But eventually?  The market falls.

Sorry if that joke didn’t land well.

Normally, that’s healthy.  Falling markets weed out weak and bad companies.  Falling markets are actually healthy since they clear out the junk.  On top of that, CEOs will never be worthless, since there is a pretty healthy market for slightly used internal organs.

We live in a world, however, where the markets have been aggressively managed.  The idea of a recession is scarier to a politician in office than almost anything.  People without jobs look for someone to blame, and politicians will do anything to avoid blame.  Heck, Joe Biden would do whatever he could to set Hunter up for life, that is if Joe was ever tried for murder.

The result is that the economic policy is aggressively tied to growth, regardless of the consequences.  It’s like trying to keep a party going long after everyone should have gone home.  The best way to do that?  Switch from beer to wine.  When people start to lag?  Swap out to vodka.  Then, for a final shot?  Pure grain alcohol.  Sure, that sounds like Nancy Pelosi’s breakfast routine, but when you’re trying to run an economy like Pelosi’s daily frat party, eventually it has to stop.

And the longer you’ve been drinking?  The worse the inevitable hangover.

Did you know Helen Keller had a cat?  Neither did she.

That’s where we are.  The booze has been pulled away from the table.  At some point, I’m certain, that the Fed® will run out of tricks to keep the party going – even they have a limited supply of cocaine, especially since Johnny Depp found the spare key they keep under the mat.

I’ve been wrong before.  Perhaps the party isn’t over at this point.  Perhaps there’s some adrenaline that they can inject in the eye socket of the economy to keep it dancing a few more years.  Biden would love to kick the can down the road and have it keep going until at least 2024.  I mean, he’d love that if he knew what day of the week it was.

But every party has an ending.  And as long as this one has been going, it will be bad.

We never really paid for the party in 2008.  Sure, the Great Recession was bad, but the housing bubble never really cleared.  How can I tell?  It happened again.

Right now the average rent in the country (I read in some disreputable source) is $1,800 a month.  I’d say housing prices were so high that NASA put them there, but NASA can’t put anything nearly that high.  If people didn’t learn the housing bubble lesson, the housing bubble never really popped.

I hear NASA wants the next person on the Moon to be a woman – so dinner will be ready when the men get back there.

The housing bubble pops when people start buying houses again – not as investments, but as places to live.  The stock market bubble pops the same way – when most people don’t want to buy stocks.

And from May, 2022, there’s a lot of pain left before that happens.  The way the stock bubble ends is with utter capitulation, with people being so disgusted that they ever thought that stocks were the road to riches.

Only when people stop thinking that houses and stocks are magic money machines, will it be over.

The reason Ma Wilder wouldn’t let Pa buy the Sears© stock is that she had seen the aftermath of the Great Depression, and had seen stock speculation ruin the lives of many, many people.

When we get there, we’ll know it’s over.  Will it be this year?  In five years?  In ten?

Being a waiter might not be a glamorous job, but at least it puts food on the table.

I don’t know.  But I feel the combination of debt, inflation, and the generally fragmented nature of society will bring crisis.  The good news?

It’s still a beautiful night, and I think someone left a beer in the cooler.

Joe Biden: Tasting Your Frustration Edition

“I can taste all the flavors from the past sixty years. I can taste the Korean War.” – Bob’s Burgers

I have the memory of an elephant.  I recall seeing one at a zoo once.

Yesterday, thankfully, Resident Joe Biden indicated he was really in tune with modern Americans.  During a press conference, Joe stated, “I understand the frustration.  I can taste it.”

Taste it.  Yes.  Normally, I goof on Joe about being a bit addled, but here he’s nosing in on my gig.  “I can taste it.”

I wonder, what exactly frustration tastes like?  Is it like the dinner I made last month when Pugsley asked, “Was it supposed to taste like this?”

I wonder if, to Joe, our frustration tastes like something exceptionally expensive.  A fine Bordeaux or, say, gasoline?

Thankfully, Joe is willing to devote all of his senses to solving our problems.  I wonder if Biden smells our bank accounts?  Probably not, though I heard that Joe took an interest that the supply chain issues have made stores run out of Pantene® – Joe said he’d personally sniff out the situation.

What’s the difference between The Mrs. and I?  When she says “sniff this” it’s usually pleasant.

Thankfully, in the very same press conference, Biden also said, “. . . inflation is our strength . . .”  Yes.  He said that.  Pretty quickly, Nina Jankowicz (the Jerry Springer of government officials, except Jerry would kill for her jawline) got up and echoed that thought:  “Inflation is our strength, and war in Ukraine is peace.”

Okay, I’m making fun of these people, but in truth, they aren’t serious people.  They’re an administration that might actually think that Robert Downey, Jr., is really Iron Man® and really might come and save them after he stops the Russians in Kiev.  And that’s me being charitable in my assessment.

When it comes to government, one of the Leftist talking points was that, with Biden in the White House, we’d have the “adults back in charge”.  In this case that’s an apt description, but only if the adults in question are a collection of diversity hires unable to get a job where an IQ greater than room temperature (Fahrenheit, not the meter thing).  Oh, and they are in favor of The Current Thing, whatever it is.

Pictured:  White House security badge.

Rachel (formerly Richard) Levine dresses and calls xirself a woman.  Xir also dresses like and calls xirself an Admiral.

As the assistant secretary for health, Levine told NPR that “there is no argument among medical professionals — pediatricians, pediatric endocrinologists, adolescent medicine physicians, adolescent psychiatrists, psychologists, et cetera, about the value and importance of gender-affirming care.”  It’s no wonder that Biden appointed a Supreme Court Justice that said she couldn’t define what a woman is.  How ever did she decide what to put on her driver’s license?

So, that leads me to several options when it comes to the economy.  The first idea is that we have left the equivalent of a group of dim-witted glue-eating children in a room filled with razorblades, poison ivy, cyanide, and whatever hellish creature that Australia might produce that I haven’t had a nightmare about yet.  Carnivorous, poisonous koala bears that fly and have scorpion tails, perhaps?

Why did the koala drop out of the tree?  It was dead.

Regardless, these idiots were saved from being Marxist perma-baristas by vote harvesting and have somehow gotten the keys to the economy.  Of course, never having heard of debt, inflation, or Zimbabwe, the best idea that they had is “make everyone rich by printing more money”.  Really.  That’s it.

That’s the first option, actual idiocracy.

But what if this is the desired result?

Thus, the second option.  The Cloward-Piven Strategy dates from the 1960s and was based around breaking the system through welfare.  Cloward and Piven were two married professors that decided that since they were making money from the public for doing essentially nothing, that everyone else should be able to get a piece of that action, too.  Economies aren’t based on people being productive, right?

The end idea of their strategy was bankrupting the country through increased pushing of social programs.  Why do that, to help people?  No, the aim was revolution in the United States.  And this wouldn’t be a revolution like the French one (which was a head of its time) which proved that the French can win a war, if it’s against the French.

What’s a good way to start a revolution?

King George was only 11 inches tall – he was unfit to be a ruler.

Doing exactly what the current idiots are doing.  It used to be just the commies like Cloward and Piven and their cousins Pol Pot and Stalin who wanted to change man, to make him perfectible.  Now, the World Economic Forum (LINK) is on with the same old idea that’s caused so much grief over the past century and change.  They have an agenda to make man a global economic cog in a machine where only one culture, one set of ideas is acceptable – in the world.

Strangely, the outcome of the “toddlers in charge” plan looks a lot like the outcome of the “Global Commie Power Grab” plan.

So, was Joe being stupid when he said “inflation is our strength” or was he just slipping and sharing the quiet part of the plan that he wasn’t supposed to say?

The Coming American Dictatorship, Part IV: Grooming A Society

“I’m sorry, I believe in good grooming.” – The Simpsons

I was outbid trying to buy a shopping center.  I guess the old saying is right:  you just can’t win a mall.

The biggest part of a dictator’s ability to control a people is the control of their thoughts.  Sure, a large supply of bullets is nice, but if you use that method, sooner or later you run out of people to control.  How, then, is that sort of mental crowd control done in a nation that once staged a rebellion over a tax on whiskey?  The answer is simple –a little bit at a time.

The first step in that is to program the people.  The easiest way to do that is to control their education and their entertainment.  In the modern world, it is that combination of education and entertainment that form our modern-day mythos – the very definition of who we are and what we stand for.

Education was the easiest part, and, by necessity, the first.  The problem (from the standpoint of those that would set the world up for dictators) is that educators aren’t swapped out yearly.  No, educators often are in a classroom for decades, watching hundreds of their children move from grade to grade.  I think my kindergarten teacher was old enough to have known Moses personally, though in her defense I was probably more of a handful than those James and Younger brothers she told stories about.

True fact:  They charge a $6 entry fee to see Karl’s grave.

That’s why the real Leftism (as far as I can tell) didn’t start showing up in the classroom until, perhaps, the 1960s.  That had given them time to infiltrate the colleges and begin to sway the way that teachers were taught.  I knew something was up when I told one teacher I was struggling with a class.

“Who, the Bourgeoisie?” she asked.

An aside – teachers often slant Left/Globalist anyway – they work for a government, after all.  The teacher unions are strongly Leftist in political leanings.  Educating a group of teachers and then placing them in the schools only changes the schools slowly.  But after a while, a critical mass is achieved, and government schools become indoctrination centers for Leftist thought.

To be clear – government schools have always been indoctrination centers.  The previous versions prior to the 1960s had (in my opinion) more innocuous indoctrination, putting memes like these in the heads of the students:

  • The United States is a force for good,
  • Christopher Columbus was alright,
  • The Inalienable rights are: life, liberty, and the pursuit of PEZ™,
  • Hard work is important,
  • If you pee on the playground you have to go see the principal,
  • Religious values are one of the things that make the United States strong, and
  • There is a morality beyond mere legality that keeps society cohesive.

I could keep going on this list.  But the values that the kids were programmed with led to a prosperous society that, generally, was also a society where you trusted your neighbor and, even though he might have voted for the other guy, was still on the same team.  Was it perfect?  No, of course not, and a lack of skepticism led to all manner of government shenanigans being ignored – MK Ultra, I’m looking at . . . what was I saying?

Is it just me, or is that glowing?

The change in schools was the vanguard of that Leftist.  Ideas were infiltrated that began to chip away at the idea of values.  Equity in education became a buzzword even in the 1970s, decades before managing the equality of outcomes became the goal.  Heck, you could even teach math and give grades back then.

Of course, the Leftist ownership of education wasn’t the only thrust at that time.  Movies and television began to change as well.  I didn’t see first-run episodes of Leave it to Beaver nor All in the Family, but I could see the shows couldn’t have been more different as I watched them on reruns.

Leave it to Beaver was a show about kids going through typical kid problems, and also dealing with that oily Eddie Haskell.  That also led to the Funniest untrue rumor ever:  Eddie Haskell was played by a young Alice Cooper.  It would have been far more interesting if Eddie had a guillotine.

I did hear that Rob Halford did move to a Tibetan monastery.  I guess that makes him a Buddhist Priest.

All in the Family, though, was a show that could have been called All in on the Narrative.  All in the Family was simply a tool to move the narrative to the Left, plus it showcased that family-dividing character – the ever-bumbling incompetent father.  Later shows in the 1970s moved the father to a position of irrelevance: single-parent households became a staple of sitcoms.

Sitcoms were used because nothing is better at attacking power than comedy, since it allows the comedian to poke fun at the weakest parts of their enemy.  I wonder why comedy is out of style . . . hmmm.  Oh, wait.  Amy Schumer.

I could go on about movies, but they were playing their role in pulling the narrative along.  There’s a reason that The Exorcist, The Omen, Halloween, and Friday the 13th all had monsters that were young – essentially the monsters were all children (or, started out as kids in Halloween or Friday the 13th). . . Gen X age.  No wonder my kindergarten teacher called me a little monster!

The propaganda in both television and film was the same:  show the most sympathetic case of (insert movement – divorce, abortion, gay rights, et cetera) and then milk it for everything that it was worth.  It didn’t matter that the case represented the very edge of reality, that small 0.01% of cases – no, publicize it and create an emotional backstory.

Why?  To program people.  When I look back at many (not all!) movies from that time frame there are places I can see the Narrative Programming being implanted.  Heck, when I was a kid I wondered why people on the Right couldn’t be funny.  They can be – P.J. O’Rourke taught that to the world.

I saw one bee I thought was drunk.  Turned out he was just buzzed.

I don’t think it was a coincidence that church attendance started to go down in the 1970s.  I don’t have a lot of data on why – perhaps single-parent households are less likely to go?  Regardless, there’s plenty of data that shows when.  The 1970s.

The Left focuses on identity and has since before the 1970s.  The big reason for this focus is that class never really existed here in the United States in any sort of formal fashion.  We never had Lords and Ladies and Kings, just rich people and poor people.  And most poor people think there’s at least a hope that they’ll become rich people, which is why the lottery is still a tax on people who can’t do math.

So, that left only identity.  The playbook on the Left was to let every identity group know that they were a victim.  Women’s Lib.  The 1967 riots.  Certainly, there were legitimate grievances in some cases, but the Left wanted to create division between groups – and it’s possible to show how every group has been treated unfairly.  Except for the Dutch.  They had it coming.

Their answer was simple:  normalize the victim status of nearly every group in order to fragment society.  What is normal changes, first slowly, then all at once.

Joe walks into a bar and sees a hot woman and asks her, “So, do I come here often?”

Joe Biden in 2008 was against gay marriage.  Joe Biden in 2022 wants to make it illegal for states to stop kids from getting hormone blockers.  Yes – the same man who said that “marriage is between a man and a woman” only fourteen years ago now wants minors to receive powerful hormones that will unalterably change their bodies.  On a whim.

What is normal now changes in a heartbeat, which is easy once the fixed morality of religion is gone.  Then, the only standard becomes the law:  if it’s legal, it must be moral.  And in a dictatorship, who makes the laws?

 

Next Up:  There’s more to come in this series, but I’m waiting on some reference books to show up.  See how hard I work for you?

The Economic Fate Of The United States: Two Choices

“No, you’ve already made the choice. Now you have to understand it.” – The Matrix Reloaded

I spent hundreds to rent a limo, but there was no driver.  All that cash on a limo, and nothing to chauffeur it.

I did posts about inflation before inflation hit, but I’m not a psychic.  It’s not like I work for ESPN or something.  No.  This inflation was absolutely predictable, and in fact, has been absolutely predictable since 2008.  Ben Bernanke’s Fed© Approved™ solution to the Great Liquidity Crisis during the Great Recession was simple:  print a lot of money.

Make no mistake, the economic problem was big back then in 2008.  I personally saw an entire segment of the economy reach a full dead stop.  Rail cars piled up at the sidings on my drive to work near Modern Mayberry because the railroads had no place to put them – miles of them.  I mean, without rail cars how could new railroad employees train?

Why did this happen?  Nobody knew which banks had money and which ones didn’t.  The trust that underlies the system had been blown up by a series of banks defaulting, with stocks crashing, and bonds plummeting.  Heck, even physicists stopped trusting atoms – they make up everything.  The Fed’s® solution to this lack of trust?  Like I said, print money.

They were sneaky about how they did it – they printed money and gave it to the banks by buying up the awful assets they had on the books.  The money vacuumed up the bad debt like Charlie Sheen on the set of Two and a Half Grams.

Something tells me he’d be a more thoughtful Fed® chairman than the one we have now.

The printing also kicked the can down the road.  We could spend all day about the causes, but the reality is that we are the can that was kicked down the road.  Our current inflation is the result of keeping the party going even when the system should have cleared out the bad debts, cleared out the dead companies, and cleared out the waste that caused the crisis.

Would it have been tough?  Sure, especially on elevator repairmen – but their business is always up and down anyway.

So, now what?

The reality is simple.  As a nation, we face only two choices.

The first choice we could make is to keep doing what we’re doing.  We can keep printing money, and keep pretending that the economic problems are created by the sanctions we put in place over a regional border conflict that we helped create and certainly encouraged.

The result of the decision to keep printing will first be higher prices.  Higher fuel prices mean less driving, but they also mean that the cost of nearly everything you buy costs more:  food, trash service, beer, PEZ®, posters of Elvis (especially posters of the The King after he discovered carbohydrates), everything physical will cost more.

Why can’t Elvis drive his Cadillac™ in reverse?  He’s dead.

Oh, sure, hyperinflation seems like fun at first.  Rising prices, rising wages . . . but the wages never keep up with the prices.  And businesses can’t keep up with the rising costs, so long-term contracts that had been great are now unprofitable.  Bare shelves show up.  People rush to ditch cash to buy stuff because they know that Kraft© Mac n’ Cheese™ is going to be 20% more next week, so canned goods have a better rate of return than the stock market.  Some people don’t like canned food, but for me it’s ate out of tin.

But then banks have finally gotten wise, and we’ll see higher interest rates on car loans, home loans, and student debt.  Higher costs on cars plus higher interest costs mean lower new car sales, especially when people are struggling to find change in their couches to buy Pizza Rolls® and Twinkies™.

Lower new car sales mean fewer new cars made.  Which requires fewer workers.  Which increases unemployment.  Eventually, there’s a recession or depression as economic activity ceases to be meaningful – weird things happen as people resort to a manic level of activity.

The banks finally get wise and loans don’t come with an interest rate, they come with a scheme to create a way that the bank doesn’t go bankrupt as the currency value plummets.  The values are pegged to a commodity (like gold) or an inflation index.  Bankers have been through this before in country after country and know every trick to keep themselves whole.  I assure you, inflation has their interest.

I saw a homeless man talking to his shadow.  That means six more weeks of inflation.

Ultimately, the orgy of printing results in destitution, unemployment, and a political and moral crisis.  How bad is it?  Reminders of the hyperinflation caused by worthless money during the Revolutionary War are still in the Constitution – “No state shall coin money, emit bills of credit, or make anything but gold and silver tender in payment of debts.”  I even keep a copy of the Constitution on the wall – The Mrs. calls it the Decoration of Independence.

Wonder why the German bankers are so crazy about not letting the euro hyperinflate?  They’ve been through that before.  And German bankers are generally pessimists, which is why they study Russian.

Sadly, we’re seeing these impacts even though many of the trillions in printing haven’t even hit the economy yet.  Biden’s Bipartisan Infrastructure Bill hasn’t even hit the economy yet.  Think construction is expensive now?  Wait until there are a trillion more dollar in construction contracts that hit the economy in the next six months.  That will lead to millions of guys standing around trying to look busy.

I wanted to build highways, but I decided not to go down that road.

So, that’s path one – keep going and wait for everything to blow up like slobber from a pasty dingo with a bag of decade-old beef jerky, which seems like an oddly specific analogy, but I have my reasons.  What will be on the other side?  No one can say – often, hyperinflation destroys the entire fabric of the country, making the people desperate, willing to do anything, even watch another Marvel® movie.

There is, of course, a second choice:

Quit printing money.

Stop entirely.

Have the Fed® increase the interest rate to slow down the economy and re-value the currency.  Stop the shenanigans.

The result of that is, of course, also a major recession – probably worse than the Great Recession of 2008.  Possibly as bad as the Great Depression.

There will be plummeting home values as interest rates increase.  There will be unemployment.    But once the debt clears, in a decade or so, what will be left will be an economy that is based, perhaps, on a more fundamentally sound currency, or even one that won’t inflate until it is worthless.  I can dream, can’t I?

It’s not a pleasant idea, going through that pain.  But in the end, it provides a chance for economic prosperity.

That’s it.  Those are really the only choices I see in the economy.  We’ll have to pick one.

I have no faith that the second path will be taken.  Why?  This graph, for one.  Looks like people who like free stuff, vote for people who give them . . . free stuff.

Romney supporters signed their checks on the front, Obama voters signed theirs on the back.

It requires making a hard choice, a knowing difficulty.  It’s like having the discipline to eat the broccoli and skip the ice cream before they wheel you out to read things off the teleprompter.  I have seen no sign of the political class of the United States being willing to make any difficult decision.  I have seen only a little appetite in the general populace to take the tough road.

No, I think we’ll make the first choice.  When inflation gets worse?  My bet is that the reaction of the political leadership will be to send checks to everyone.  Wait and see.

No, I’m not a psychic.  But I wish I was a remote viewer.  I’m still looking for the one from the stereo.