TEOTWAWKI – Page 7 – Wilder, Wealthy, and Wise

The Big Short – The Next Step Down

“Our investment-strategy was simple. People hate to think about bad things happening so they always underestimate their likelihood.” – The Big Short

If you live in a haunted house, you’re not alone.

I watched The Big Short the other night. It’s about the financial system and the shenanigans that led to the near collapse of the Western financial world, but presented with elements of light-hearted comedy, so, of course I enjoyed it. And having Margot Robbie sitting in a bubble bath describing mortgage-backed securities, subprime loans, and credit default swaps while drinking champagne was genius.

The premise of the movie is that several groups of people figured out that the housing market was fraudulent, and that any human with a heartbeat (and, as described in the movie, at least one dog) could borrow enough money to buy a house.

Why not? House prices only go up.

I’m no Margot Robbie, but when I’m naked in the bathroom, at least the shower gets turned on.

There have been many people who have done excellent pieces describing the sheer insanity of the housing market and the incestuous relationships between the lenders and rating agencies that kept the party going with cheap money far too long. You can read them, but they don’t feature a picture of Margot Robbie in a bathtub.

In my personal experience, a bank that rhymes with Hells Rarmo offered me a loan for over six times my annual income with only my stated salary as the basis. My response, “You know, I could never afford to pay that back. Why would you offer a loan that big to me?”

“I know, but I’m required to tell you about it,” was the answer from the uncomfortable voice on the other end. Even I could see the con from there, especially since they offered to lend me my downpayment.

The next home loan I got (after the collapse, in 2009) required enough personal information from me that I had to hire a proctologist to help me fill out the paperwork.

What’s a three-letter word that starts with gas? Car.

The result of the Great Recession that followed was a retooling of the industry, bankers and people from the ratings agencies went to prison for fraud, and the government decided to create a system of sound money so these sorts of manias were tamed. Okay, you can laugh now, because none of that really happened.

The government just shoved so much money down the throats of the banks that they got even richer for manipulating the system in ways that would make Al Capone’s scar twitch.

What I saw during the run up to the disaster is that the economic taint (heh heh, I said taint) from the housing bubble spilled everywhere. The place I noticed it first was that waitresses became worse. Why? During the bubble, everyone upgraded their job, and good, smart waitresses became, (spins wheel) mortgage brokers and realtors. The mark of a really good economy is crappy customer service.

She don’t lie, she don’t lie . . . romaine.

I wrote a couple of weeks back about how I can see this happening in restaurants locally here:

The Invisible Recession

People are hurting, and the first thing to cut are the luxuries. Some people take eating out at McDonald’s© as a luxury versus heating up leftover lasagna, and now they’re bringing the lasagna. Garfield® would be proud, but McDonald’s® rarely makes money from cartoon cats.

Add in gasoline prices that are so high they make prescription drugs look cheap, and the squeeze is here. CarMax© just recently announced that they’ve taken a 10% hit last quarter in number of cars sold. People don’t buy cars when they’re worried about choosing between day-old lasagna and a McChicken™ sandwich.

At least one of you will enjoy this one.

The biggest tension in The Big Short came from the fact that the guys who saw the fraud went all-in. In one case, Micheal Burry put $1.3 billion into “insurance policies” that would pay multiples of the invested amount if the mortgages bonds started collapsing the way that Burry was sure that they would.

Burry made a $1.3 billion bet, and on top of that, he had to pay monthly premiums in the millions to keep the policy in force. Yet, even as the housing market started to fail, the housing bonds weren’t failing. If those bonds didn’t start falling Burry and his fund would be buried. John Maynard Keynes famously said that “The market can stay irrational longer than you can stay solvent,” proving that he was at least occasionally right.

Economics jokes are like bank bailouts. Most people don’t get them.

They did fail, and Burry made his investors rich, just in the nick of time before his fund became insolvent. Burry (according to rumors) ended up making over $800 million during the financial crisis.

All this brings us to where we are today. I might be wrong, but what I’m seeing everywhere I look are people that are at the end of their rope. The reason? Because we never took the pain and we didn’t clean up the financial system and make it a servant rather than a master.

But I have a plan. Maybe Margot Robbie could explain our way out of this one?

Leftists: They Hate You

“Right, right. Somebody said “alien” she thought they said “illegal alien” and signed up.” – Aliens

I got involved in a discussion about illegal aliens. That conversation went south pretty quickly.

“My feeling is they should open it-the border, let everybody pour in, and then the answer which is, well then there will be all these problems. Yes, there should be. It shouldn’t be so great here, is what I’m saying, in America.” That’s a quote from Louis, C.K., the “comedian”.

After having read a bit about him, I’m pretty sure that Louis hates himself deeply. But he also hates you. A quick Internet search shows him with a net worth of $35 million, which shows you don’t have to have a billionaire to be as big a tool as Bill Gates.

The bigger idea is that this is the way that most Leftists think, on those rare occasions a thought occurs to them. As I’ve addressed before, Leftists think more highly of people the farther away they are from themselves up to and including rocks: Leftism Is A Death Cult That May Kill Us All.

Here’s yet another example:

White Leftists have a self-loathing problem. And they hate themselves for it.

This graph shows something pretty amazing. Most groups prefer their own company. Most black people like to hang around black people. Most Asians like to hang around Asians. But white Leftists? The reflection of their self-hatred is so great that they actively dislike being around other white people. Now, I could understand that if you were Chelsea Clinton, but, as shown by every other racial group since the dawn of history, it’s abnormal and dysfunctional.

Those are the people who are in charge of the border right now.

Wonder why we’re taking on illegals like Johnny Depp attracts women with low self-esteem? It’s because the Left hates the United States because they either despise it, or feel guilty. So, their solution is to take it over, loot it, remove the things that created wealth in the first place, and still pretend it’s the United States.

And Biden’s first term could just as well be Obama’s third term.

The situation, however, appears to have finally reached the breaking point as illegals are swamping the southern border in numbers greater than at any time in history.

To be clear, these aren’t refugees, they’re economic migrants that are coming here because their country sucks. They’re being enticed to take this journey indirectly by the United States government through the money they give to NGOs that feed the illegals, give them money for and during the trip ($800 a month, I hear), and set up showers and beds and transport. That’s our government – the only things it does really well are the things that harm its actual citizens.

When the illegals get here, they aren’t a net economic benefit. They actually increase housing costs, depress wages, and are causing government welfare costs to skyrocket because the jobs they get don’t pay for the public costs that they create. Expanding the economy by bringing in more immigrants is like improving your financial situation by taking on more debt.

Oh. I just remembered how the Feds deal with budgets. Never mind.

What do Bernie supporters call their roommates? Mom and Dad.

Even Leftists like Louis C.K. are sometimes inadvertently honest in their utter lack of care for the United States. I’m sort of sad that the U.S. government shutdown didn’t happen. If it had, the U.S. Border Patrol could have stayed home and let illegals in, rather than just hang out by the border and cut razor wire to let illegals in. We’ve reached the point where we’d have fewer illegals if the Border Patrol stayed home.

Since the illegals have started leaving Texas, though, Biden went from Trump’s “Remain in Mexico plan” to, “Put the illegals in Red States where we could swap the vote” to “Remain in Texas” as the illegals converged on Blue Cities and are costing billions and even Leftists there are starting to come to their senses.

As the economy falters (it is, more on that on Wednesday, probably), and as the unending streams of illegals continue to surge into the United States, my bet is that the tolerance for illegals will soon drop as jobs disappear and the charmed life they live with subsidized food and housing makes a mockery of the conditions of the average American citizen.

Mexicans were upset about the wall, but it looks like they’ll get over it.

In many places, the result will be the expulsion of (at least) illegals as people cease to want them to be around. I would predict that this will not end well. And I predict that many of the illegals will wish that they had never come to the United States as it will become increasingly hostile to them in many regions. The failure to stop these mass migrations will end the way it has every single time in history – with fire and pain, all because we didn’t have the courage to send them back in the beginning.

Me? I think that Louis C.K. shouldn’t have it so great. He should have to take about 750 illegals into his house, feed and care for them, and then tell me how he doesn’t like things.

Louis hasn’t invited illegals into his house. He hasn’t given his money away. Like any good Leftist, his generosity is overwhelming. At least until it comes to spending his own money or inconveniencing himself in any way.

And he still hates you, and doesn’t see why it should be so great here, in America.

Dunbar At The Fall Of Nations

“Dunbar, not Dumb Bear.” – Dances with Wolves

If beer makes you smarter, that didn’t work out for Budweiser®. (meme not mine)

People are funny. And I’m not talking, “John Wilder after fourteen beers at Chili’s when someone mentions that we’ll have to give up PEZ™ to meet CliMAtE ChAnGE GoALZ” funny. No, I’m talking about the way that we’re wired to react as people, and yet pretend we’re not.

Out of all of the aspirations of the way that we want to think about ourselves, there are some constants. Except for Mark Zuckerberg, we all need air to breathe. We all need food. We all need something to drink. I’ve heard some people drink water, but I keep wonder why they do that when mankind made civilization so we could have a nice beer.

The other thing most of us need is . . . people. Although everyone is slightly different, there seems to be something hardwired into us as to how we deal with people.

I told the doctor I didn’t trust him to stitch me up. He said, “Fine, suture self.”

Robin Dunbar (Grad student for Dr. Batman® Von Unterober) is a British Psychologist. He looked at the various sizes of primate brain, specifically the neo-ocasio-cortex. Er, just the neocortex. Sorry. The neocortex is the most recent delivery to the brain, and allows humans to do complicated things like talking, brewing beer, heating up frozen pizzas in the oven, giving each other chlamydia, and writing columns while drinking beer.

Dunbar sliced up a lot of primate brains, and compared the size of the neocortex to the size of the primate tribe. There was a correlation. Dunbar then said, “Hey, humans are primates, even though we are so very sexy, so what size would a human tribe be?”

His result based on math and brain size, and, I’m guessing a few pints of Guiness®?

Stable human tribe sizes should be about 150 based on Dunbar’s math, and this number is called Dunbar’s Number. I wrote about this before in this post (LINK) where I have the original (as far as I can see) hypothesis that some mental illnesses might have helped small groups survive back when we were killing mammoths to survive, and I write a bit more about Dunbar’s Number in that post.

My friend’s wife is leaving him because of mental illness. Or at least that’s what his cat told him.

This 150 person (let’s be generous and say it’s somewhere between 100 and 250) group size seems to show up wherever I look. Huge corporations may have tens of thousands of employees, but each of the actual operational chunks is small. Most that I’ve seen have been . . . less than 150 people. Even operating locations I’ve been to that have 500 people or more break down into groups. Office staff versus day shift versus night shift, or people who forgot their pants versus people who always remember them, or something similar.

Many folks might say, but Wilder, my country has hundreds of millions of people in it. Dunbar’s Number doesn’t seem to apply. Dunbar himself theorized that this number would only be exceeded when those groups faced extreme survival pressures, like invading Huns or women wanting to vote.

I’ll toss in a different theory here: larger groups than Dunbar’s number can exist when there’s a great degree of wealth that requires cooperation to maintain. My theory was (and is) that civilization was formed so we could make beer (LINK).

So why is it so big now?

How is Alexa® like my ex-wife? She tried to listen to everything and pretended to know it all.

Wealth, technology, and order allow Dunbar’s Number to get immense. If every small town in the United States has a McDonald’s®, then life gets simpler. We have built around an economic “sameness”. Similarly, people watch the same NFL™ teams or NCAA© college teams based on regions. This economic homogeneity is based on wealth and technology.

If you’re a fan of {INSERT SPORTS TEAM HERE} then if I’m a fan of the {SAME EXACT TEAM} we’re not so different, we’ve created a commonality. Dunbar’s Number is short-circuited, and a shallow trust is created.

But what happens when wealth (and the hope of having it) goes down?

I think we’re seeing it. Trust shrinks. People we once put inside our group are now put outside our group because the competition for resources increases. An example is probably in order: if everyone has a job and all of the PEZ™ and Hot Pockets© they want and big houses with swimming pools, having the odd illegal immigrant doesn’t bother them much. But when times get tight and jobs are scarce and Hot Pockets® cost $10 each, the “in-group” shrinks.

The Mrs. cringes every time I call them “Squat Pockets®”.

The greater the stress on the people, the smaller the group gets. Who do I trust? In my circles, it’s my family first. That number is small. Then my close friends – those that I know, based on experience, that I can trust. That number is bigger, but still pretty small. Then there are those who I have strong reason to trust. Then those in the neighborhood. Then . . .

Well, you can see, the tougher the situation, the smaller the circle. If we go back to our history, this is what we find – somewhere between 100 to 250 of us in a group trust each other, and can work as a group. When times are good, technology is in place, and the NFL® is playing that number can certainly be bigger.

I tend to think we’re past the point of Peak Dunbar. As things get tougher, you can see the friction already started as violence has escalated. As jobs disappear, and as hope disappears, this will increase.

But at least right now, I can still have fourteen beers at Chili’s™.

The Invisible Recession

“1000 points of light . . . recession bad, recovery good . . . I think I’ve got that.” – The Naked Gun 2 ½: The Smell of Fear

If Dodge® makes an electric car, will they sell Dodge© Chargers™?

Inflation has really started to bite here in Modern Mayberry. I’m not sure about the Big Cities, but I’ve begun to notice it around here. Today at lunch I made a trip to McDonald’s®. It’s rare, most of the time (if I eat lunch at all) I eat at home. It’s more convenient, and I really, really hate lines, but this was a late lunch and I could drive straight to the window. But hey, for me, it’s the McChicken®.

The prices at McDonald’s® have gotten silly. Whereas there used to be enough value in a Big Mac™ to make one of them (occasionally) worth it, it’s just not the case nowadays. I didn’t spend too much time pondering the price on any of the burgers, since I could get nearly a pound of steak for the price of the average burger-fries-drink combos. But again, for me, it’s the McChicken™.

What a fun, cool, happening place, if you can get 3-for-free!

Why are people not going out?

The prices are silly.

I think (and I might be wrong) that our local McDonald’s™ just has to match the prices that are (more or less) nationally set by some sweaty accountant in Chicago wearing a Grimace™ costume and questioning the life choices that led him to have to report every day to Stacy, who is forced to wear a Hamburgler© costume. I can’t see the labor around Modern Mayberry costing nearly as much as in a bigger city. The food, I would imagine, costs exactly the same as in the bigger cities.

The result? I’ve noticed that the lines are much shorter at the local fast-food restaurants, even at peak hours. One of the regional chains hasn’t raised their prices, since all of their restaurants are just scattered around Upper Lower Midwestia and they don’t have to worry about the price of a Quarter Pounder™ in Manhattan. Their lines are the longest in town, so I follow Yogi Berra’s advice, “Nobody goes there anymore, that place is too crowded.”

Since COVID, my favorite local restaurant has closed. It was a bona fide restaurant, great service, great food. Supply chain issues coupled with labor oddities and lower business slowly torpedoed them. They liquidated before they lost a lot of money – they saw what was coming and wanted to go out on their terms.

I’ve been told that McDonald’s™ was sued once for bugs in their food. They won the case – no one on the jury believed they used any natural ingredients.

And our world got a little bit smaller, so we now have dinner somewhere else. It’s cheaper, but I notice that both of the places that we normally go aren’t very busy anymore. And the waitresses that work there aren’t changing jobs anymore – the good ones are keeping their jobs now. Something tells me they’re a little harder to get now.

So, if you’re counting restaurants and the people who work there (and those that used to own them) Modern Mayberry definitely has fewer restaurants. The revenue in the town might be the same, but there are (my guess) 20% fewer customers.

This is the invisible recession.

I always carry some McDonald’s® fries when I walk the dogs in winter. Fries go great with chilly dogs.

It’s invisible because I’d imagine that, even though McDonald’s® is (visually) selling less McFood©, they’re charging more. So, higher prices times lower volume is probably about even. But the value created to the consumer is far, far less even though revenues might be neutral. Unless you count eating healthier food than McDonald’s™ makes as value. Heck, Ronald has killed more people than Pennywise.

I suspect this is going on everywhere. Wages are certainly not keeping up with daily expenses, and those who are less fortunate haven’t had raises that have kept up with inflation. And why should employers pay more? In a recent month, a net 1.2 million jobs were “created” but 600,000 Americans lost their jobs. They were replaced by immigrants (illegal or legal).

Thankfully, corporate profits were saved!

It’s better than when he ran the farm using Artificial Intelligence and had to reboot it all before the power outage – AI, AI, Oh.

Interest rates are up, and I expect they will continue to go up because there is no semblance of any fiscal adulthood in Washington, D.C. on either side of the ball. The Democrat mantra of “spend more” is always followed by the Republican response of, “Well, okay, but not quite that much” as the dance of the destruction of the currency continues.

I hope I’m wrong, but this is based on the bet that politicians will continue to be weak and craven, and that 2024 is an election year. What do politicians like during an election year? A good economy with low inflation. Failing that, politicians like distractions and spreading money out like AOC on a Saturday night. If you can’t make a good economy, fake one.

More money floating around means . . . more inflation. But if wages aren’t going up because there’s a massive influx of illegals?

Just more misery, especially for those at the lower end of the pay scale. All of the typical Leftist voting blocks will be rewarded, of course. The standard Leftie professor at the average Leftie college (but I mostly repeat myself) will get raises because the Left takes care of itself and funds itself. The Left believes in the state and uses it as a propaganda and funding arm. Why do drama programs get special federal funds?

Because they vote Left.

I guess the finale was shot before a live audience.

But real Americans that aren’t tied into the ecosystem of government gimmes are seeing their difficulties multiply. Me? I’ll still mainly skip McDonald’s© and save a few bucks and have more steaks and fewer fries. But the invisible recession is already here, at least in Modern Mayberry.

But, hey, for me? It’s the McChicken™.

Mechanisms Of Control: Financial

“You must not take the Controller away. We will all die! The Controller is young and powerful. Perfect!” – Star Trek, TOS

Song lyric idea: “The Beautiful Sheeple, The Beautiful Sheeple . . .”

Currency started out innocently enough. If I wanted to sell my wheat and then buy some beer, well, I could trade my wheat to the brewer. But what if the brewer had all the wheat he needed, but needed, oh, hops? My wheat would do him no good. There is evidence of a guy making beer in the Bible, after all there’s a book in the New Testament named Hebrews.

I could try to trade my wheat to the guy who grew hops, but if he didn’t need any wheat, what was I to do?

The problem that currency solved was a simple one – how do I trade with someone who doesn’t need what I have? How can accountants get into amusement parks? How can ATF® agents do, well, anything since absolutely no one has any use for them?

The solution was some sort of medium of exchange. In one sense, it’s magic. As long as everyone believes, it works. When used judiciously (i.e., backed by gold on demand) it transforms into something that is hard to manipulate – what we’d call money.

How do you greet a German wheat farmer? “Gluten tag.”

When backed by nothing, (like now) it’s simply cash or currency.

The history of the last fifty years (and the last twenty, especially) has been the history of printing currency out of nothing and then giving it to a few small groups, and then they use the cash to buy up everything.

Once a group owns everything, there’s no reason for them to worry about profit: they already own all the things worth owning. That’s BlackRock©. The Aptly Named® Larry Fink runs it, and it’s no longer about profits, it’s about control based on his ideology.

What does Fink expect you to do when it’s cold? Huddle around a candle. What about when it’s freezing? Maybe then Larry will let you light the candle.

People (last I checked) still drive cars driven by sweet, sweet internal combustion engines. Those internal combustion engines (for the most part) require sweet, sweet crude oil to be turned into gasoline and diesel. Yeah, ethanol exists and so does biodiesel, but those can’t pull the load, and ethanol actively takes food out of the supply chain.

What if, however, the United Nations leaned on banks to get them to stop the supply of oil by choking off the supply of cash to oil producing nations?

If it wasn’t clear before, it should be clear now: it’s not about humanity or human rights – it’s about control.

Is the reason Saudi Arabia has so much money all the oil cash, or that they won’t let their women spend it?

Please don’t believe me, believe them when they say it. Here is the head of the Bank of International Settlement (BIS) saying that “central banks will have absolute control over all money (sic)”. This is in how each dollar (or whatever unit) is used, what people are allowed to buy, and what people are prohibited to buy.

Why do Central Bankers drive Ferraris®? Because you’re okay with a Fiat©.

One thing I know that they’d love to do is to make money evaporate to force people to spend rather than save. This can be done with electronic currency, and I expect they will do it to make sure that people can’t save and are forced to work every day of their lives.

Even more than now.

35% of Americans think they’ll max out at least one credit card this year.
38% are using their cards for expenses that they never used a card for.
62% are considering a “side-gig”, even if they already have a job.

-Fintech Times, July 25, 2023 (LINK)

Things are looking down for many Americans. When it comes to the point of using credit cards for financing life, it’s getting rough – I know, I was in that trap when I was in my 20s. I’ve seen it here in Modern Mayberry where the labor market is now getting tighter, and more people are looking for work. Employers can now be a bit choosier, which will put downward pressure on wages. The reason for this is simple: people aren’t going to McDonald’s®, they’re eating at home for half (or less) the price.

Another sign of control: in a recent month, 1.2 million “native or heritage”, (i.e., Americans actually born as Americans from American parents in America) lost their jobs. They were replaced by 600,000 immigrants. Low-cost labor is still being imported, and putting even more wage pressure on the middle and lower classes. The Biden administration even ordered that some of the gates in “The Wall” be welded open, which defeats the whole “wall” idea.

Looks like that Bill Gates was in charge of the wall, too. Look at all the Windows®.

To paraphrase William Jennings Bryant (among others), it is difficult to get a person to voice dissent when their next meal requires them to agree. That, then, is the nature of control of economic systems as demonstrated by BlackRock®, the BIS©, and the World Economic Forum™ – the desire is to make it so that the average person cannot resist without being kicked outside of the system that provides food, shelter, and the occasional luxury.

I’m sure it would be easy to start your own Central Bank . . . oh, maybe not.

Even that deal is in danger: the desire to dramatically change the way that people work and live is on the table for these groups. Who, exactly, do you think wants you to live in a pod and eat the bugs, and not own anything? Owning everything that matters isn’t enough – they want to own everything, and make your ability to have anything depending on you giving them all of yourself.

Even your thoughts.

And to think, all we really wanted was a beer. I guess it was pretty expensive.

Electric Cars and Rainbow Unicorns

“It’s logical to assume that something within this zone absorbs all forms of energy whether mechanically or biologically produced. Whatever it is, it would seem to be the same thing which drew all the energy out of an entire solar system and the Intrepid.” – Star Trek, TOS

Electric cars owners should never go down a dead end street – there’s no outlet.

As I have written time and time again, the future of energy is the future of humanity. Cheap, safe, limitless energy is the dream, and that energy is one component of a future that is not nasty, brutish, and short, like George Soros. Because the Leftists have tried to propagandize the subject, they’ve done a great job at muddling the thoughts on what in the end is actually the engineering question that drives the economic engines of the world.

Let’s remove the confusion on the term “energy source”. Electricity, for instance, isn’t an energy source, since it has to be created in some fashion, such as by windmill or coal-fired power plant, nuclear power plant, or tiny faeries hooked up to electrodes while being chained to beds in the basement of Disney® . . . oh, I’ve said too much.

I heard a fairy tale about politics once. It was Grimm.

Electric cars, then, are dependent upon getting their electricity from somewhere upstream. Electricity is an energy carrier, not a source.

On the other hand, crude oil is an energy source. The refining process doesn’t take up too much energy, and the sweet, sweet hydrocarbon molecules in a gallon of gasoline were there (mostly, some have been rearranged a tiny bit) in the refining process.

So, let’s define energy sources as energy, in crude, raw, or potential form that can be manipulated for use and that we get more energy out than we put into it. So, crude oil is definitely an energy source in most conventional and fracking situations, producing up to (depending on how you count it) sixteen times as much energy as used to get it out of the ground and turn it into 89 octane. I will say if we converted the entire economy to biofuels emissions would go down and we could starve at the same time!

Biofuels are entirely questionable, and most of them are poor when compared to gasoline as an alternative, returning just a little bit over break even for both biodiesel and corn ethanol. These products exist as fuels primarily because Lefties like ruining the economy and the RINOs know that farmers vote. Thus, there are tax incentives in place to force the use of biofuels.

“But we could make houses out of it.” “No, you have to bury it.” “But we could make furniture out of it.” “No, you have to bury it.” “But we could heat houses with it.” “No, you have to bury it.” “I’m beginning to think you don’t like people.”

The dream of the Left (at least this version, Arthur Sido has another one here: LINK), then is to get rid of all of the cars to replace them with “clean” electric vehicles. The International Energy Agency (IEA) wants to get electric cars and trucks (EVs) to 45% of the vehicles on the road by 2050 according to their Net Zero Scenario. 45%! The insanity doesn’t stop there – the IEA expects that alternative vehicles will reduce gas and diesel use by 30% by 2030 – seven years into the future.

That’s a stunning number, because the average age of a car in the United States is 12.2 years. I guess I’m pretty close to average, because the average Wilder fleet ages is 11.5 years. That means that the 30% of the car and stock in existence today needs to be replaced by 2030 with electric and hydrogen vehicles. I have no idea where the IEA is getting its dope, but they must get really good stuff.

>Be forest.
>Exist. Die. Kill mankind by raising temperature 0.0001°F.
>Wonder why this didn’t happen 100,000,000 years ago.

That would mean, though, that conventional vehicles that run on sweet, sweet oil and diesel will have to be phased out starting very soon. Further, the remainder of the vehicles the IEA are hydrogen-powered. Now the Hindenburg wasn’t hydrogen powered . . . .

Now, checking back to energy sources versus energy carriers, hydrogen is just an energy carrier. It has to be generated somewhere.

One of the first problems is that EVs are wickedly expensive compared to actual cars since they require massive amounts of material to replace the empty gasoline tank of an internal combustion car. The question is, where do those materials come from? If, all of a sudden, millions of EVs need to be made, the prices for the materials that go into them will go up, too.

>Be forest.
>Burn. Kill mankind by melting 200 gallons of ice.
>Wonder why this didn’t happen 200,000 years ago.

According to the IEA itself, demand for lithium alone will be 4,000% greater in 2050 than it is today. Cobalt increases would be 2,000%. The increase in availability alone is questionable. Resources show up in clumps – I can’t go in my front yard and look for gold, it is where it is. And when Leftists dream of this wonderful economy that they’re creating, they ignore the environmental costs waste of mining all this stuff – how much will that create in greenhouse gasses plant food?

It’s clear, once again, that these plans aren’t serious. China is producing a stunning 30% of greenhouse gasesCO₂, while the United States produces about 15% of human made CO₂. Why do we fixate on the United States?

First, Leftists have to pretend, really hard, that global warming climate change has replaced what real humans call weather.

Second? The Chinese are already communist, so let them do whatever. The people who have to have their economy ruined while they chase unicorns and rainbows rather than actual engineering solutions to actual engineering problems will have their economy destroyed.

Or maybe they’ll just buy beachfront property at a discount?

Or was that the plan all along?

At the beginning of this, I said the future of energy is the future of humanity. That’s just a bit inaccurate – the future of energy is the future of free humans and our economy. Me? I have my own plans.

Après Trump, qui? (Plus? A Picture of a Stripper)

“Hey, is that Donald Trump’s car?” – American Psycho

Biden likes all-mail voting, Trump prefers all-male voting.

The battle of the Left against Trump continues, as it will for every day of his life. There isn’t really an end to how much he’s rustled the collective jimmies of the Left. It’s especially fun to watch it play out in the Twitter™ X® feeds of Leftist celebrities like John Cusack, Ron Perlman, Steven King or Rob Reiner.

It’s actually amazing to watch the chemicals soak their brain as their amygdala gets hijacked by someone not even in the room (great example here: LINK). And I’m glad that I’ve never been in a small room on a hot day with Cusack, Perlman, King and Reiner – imagine the smell.

Why is that? Trump is a focus. If you go back in time, the Left was similarly fixated on Bush I, Bush II, and Reek, er Mittens Romney. As noted by the commentor El B on last Wednesday’s post Leftism Is A Death Cult That May Kill Us All – Wilder, Wealthy, and Wise (wilderwealthywise.com),

I imagine the next article will be titled, “There’s no good reason you should have to be alive to vote” so at last Pa Wilder can vote Democrat.

Do what you will, there is going to be some benevolence, as well as some malice, in your patient’s soul. The great thing is to direct the malice to his immediate neighbours whom he meets every day and to thrust his benevolence out to the remote circumference, to people he does not know. The malice thus becomes wholly real and the benevolence largely imaginary. There is no good at all in inflaming his hatred of Germans if, at the same time, a promiscuous habit of charity is growing up between him and his mother, his employer, and the man he meets in the train.

C.S. Lewis wrote The Screwtape Letters, where the quote above originates. It was written as if from a demon to his nephew, showing how Evil might best subvert society. In 2023, I think it could simply be a text from Soros to his kid. Lewis absolutely nails this concept, and does it in a simple, cogent, readable paragraph. Sadly for humanity, Leftists live this way, and thrive on it.

All of the hate of the Left has a concrete and local focus, and all of their compassion is spread in such a diffuse manner that it becomes meaningless. This is why these monsters pretend that handouts from the government (from money coerced from actually productive people) to those who meet some nearly arbitrary criteria is the same as actual charity.

I just donated $100 to a charity for blind children, but I doubt they’ll ever see the money.

But back to Trump. After he first said “Build the Wall®” the Left went into overdrive with hate towards Trump, pulling out all of the stops. “Europeans won’t think nice things about us!” they said. My response to that one is actually very, very simple, “So what? My ancestors left there for a reason and we have better steak here and don’t have to share a continent with the French.”

Trump’s presidency wasn’t a failure, but it was close, and it showed off his biggest weaknesses: the chose people based on how much the complimented him, and not based on either actual competence or actual loyalty. His personal lawyer, Michael Cohen, was a prime example. He hired a corrupt caricature of a sleezy lawyer to do business for him, and was shocked when the guy actually turned out to be sleezy.

Who knew???

Trump didn’t build the wall, didn’t stand up to Congress, and blinked when he had the chance to cross the Rubicon and stand for actual election integrity since, yeah, we know that the Left stole the election, and the receipts to back that statement up are starting to pile up. He did add some okay Supreme Court justices, but I think he should have added the Zodiac Killer, Ted Cruz.

I’m telling you, it would have sucked to have been killed just because I’m a Sagittarius.

Had Trump said, “I’m staying here, not because I demand the power, but I will stay here until a President can be rightfully elected to replace me. I declare that elections will take place in November 2021. I will not be a candidate, and will in no way serve past January 20, 2022 regardless of the circumstances. This is necessary to ensure that the legitimacy of the Presidency of the United States remains unsullied.” Oh, sure, he’d have said, “I, your greatest President, will stay in office because you deserve a system that is excellent in a way only I can give you.”

Then, he could have done that, and retired a hero to the middle and the Right and it would have been talked about for 500 years. The Left would have grumbled, and might have lost their demon and the coming inevitable crisis might (stress, might) have been pushed down the road a decade or more.

After Caesar crossed the Rubicon, I believe his first words were, “Can someone get me some dry socks?”

One thing Trump did was completely transform the face of politics. Just as the Left didn’t vote for Biden, instead voting against Trump, Trump unmasked the utter weakness and complicity of the Republican politicians (not the Right) in creating the landscape we have today. It was especially instructive watching Trump eviscerate ¡JEB! ¡JEB! had been the consensus candidate for the establishment, but Trump sucked all the air (and ¡JEB!’s soul, it looked like) out the room.

This was also inevitable. The system has stopped serving the interests of the heritage American middle class for decades. Vox Day put it very well the other day when he noted that the Republican debate featured two Indians arguing about who could give more money to Israel.

I think there are a lot of people who would vote GOP for $20. Heck, vote twice and you can afford a Big Mac®

Will Trump survive the trials? I think not. The original charges are (mainly, as far as I can tell – IANAL) to be farcical. Trump’s later attempts at covering crap up? Not so much. There are legitimate charges that could bring him down if Trump did really try to have records or videos erased.

Regardless, the RINOs are doing everything they can to hide the only candidate that they have that has national impact, the only candidate who is leading in the battleground states, the only candidate who stands a chance against the corrupt vote harvesting system set up by the Left.

Then what? Après moi, le deluge (After me, the flood) is attributed to Louis XV, and is said to foreshadow the French Revolution. Since we need more rain here, I’ll adapt the phrase for our current problem:

Après Trump, qui? (After Trump, who?)

The only person on the Right who can even come close to Trump in charisma and poise is Tucker Carlson. Tucker seems to have as much charisma, but can also add in an intelligence and poise lacking in Trump. Could he manage being President? I have no idea, but when compared with the rest of the candidates on the Right, he leaves them all in the dust.

Longer term who will emerge as a leader? Some corporal that fought in Afghanistan and is fed up?

We’ll see. The current crop of mainstream politicians on the Right and Left make ¡JEB!’s charisma vacuum look like Robert Downy, Jr. Most of their policies are, at best, simple replays of politics that are 20 years into the past, with less of a likelihood of solving our problems than using a 4-year-olds fingerpainting to design a passenger jet, though that might be exactly what Boeing® does nowadays.

I’ll vote for Trump in November 2024 if he’s not in the slammer, obviously. It amuses me to watch the Leftists get in a froth-ridden frenzy against Trump. It’s almost like Leftists don’t believe Biden won the election.

Leftism Is A Death Cult That May Kill Us All

“This man has the gift of death.” – Zardoz

Whoops, sorry! Just a regular old death cult after all.

This is the second post about Leftist self-hatred this week. This particular Leftist self-hatred is one that uniquely hurts the economy and even the prospects of the survival of humanity, so it’s par for the course for the most malignant philosophy ever to exist, outside of Taco Tuesday.

What spurred this was a note from a friend that suggested a post. I knew where I wanted to go with it, since I had seen a graphic (from Nature Communications® which is a part of Nature™ the magazine, LINK) that surprised me. I mean, knowing what I know about Leftists, it really shouldn’t have, but what got my attention is how starkly it shows the divide in the philosophies of Right and Left. It’s presented pretty weirdly, so I’ll help out a bit on the interpretation since I’m a trained professional.

The graph is shown as a bullseye. Why? I think the researchers might have been drunk and had a bullseye graph generator, so they decided between shots of tequila that they’d use the damn thing since the University had paid for it anyway. They then got the grad students to enter the data for free, and, boom, paper complete.

I remember watching a PBS® show on how fish swim. They shocked a fish by putting an electrode up its behind so they could photograph it. Who put the electrodes up the fish butts? Grad students.

The concentric circles in the graph are pretty simple, though, and the innermost are the things closest to an individual. The rings get rather more distant as they go outwards until they get rather silly:

All of your immediate family.
All of your extended family.
All of your closest friends.
All of your friends (including distant).
All of your acquaintances.
All people you have ever met.
All people in your country.
All people on your continent.
All people on all continents (apparently, screw those guys on islands, they suck anyway).
All mammals (finally got the people on the islands and astronauts covered).
All amphibians, reptiles, mammals, fish, and birds.
All animals on earth including paramecia and amoebae.
All animals in the universe, including alien lifeforms.
All living things in the universe including plants and trees.
All natural things in the universe including inert entities such as rocks.
All things in existence.

So, that’s the scale – what things are the most important to you? For me, this is an easy answer. I like the things that closer to me better, and I could see my feelings about this covered very well under the title listed for “Conservatives”.

Is it just me, or does this graph look very, umm, happy?

In general, I like the people that are close to me more. Yes, I care about Americans more than I care about people in Tannu Tuva, or people in Tanganyika, or even those pitiful island people. I generally care more about my kids than yours, and I generally like all people better than rocks, though there are some exceptions that I make for ex-spouses and members of Antifa®. Heck the entire meme below is encapsulated in the graph above:

Now if that isn’t what’s on his headstone, it sure should be.

Okay, that explains the Right, and how we generally feel according to statistics. What about the Left?

Why did they pick 45°?

Whoa, that’s amazingly different! Lefties are really focused over to the end, with only a minor preference for humans and a lesser preference for people closer to them. The perception of the granola-eating surrender chimp as the model for Leftism is once again validated. They like these things best:

All animals in the universe, including alien lifeforms.
All living things in the universe including plants and trees.
All natural things in the universe including inert entities such as rocks.

Rocks are more important to them than their parents. And if their parents are as disappointed in them as I’m guessing they are, I can see why. They hate themselves, so they hate the things that are closest to them. You can see it when they throw themselves in front of cars when they protest, they have never won anything in life, so the only way they can win, they feel, is to have transferred virtue from their death. “See, I told you I was a good person, but you never believed me!” Thus, the victim Olympics where they compete based on victim status. “Well, Bob, he stuck the victim status, but he wobbled on the virtue signal, and the blind gay judge with AIDs from Ethiopia gave him a 7.3.”

I wonder how many upvotes they got on Reddit®?

To be clear, I’m not sure I would like alien lifeforms at all unless they grilled well, and I think I would be just fine if an entire planet of intelligent, bloodthirsty cannibal lizard-people was wiped out, even in a slow and agonizing way, just to make sure that my family had slightly more comfortable air conditioning. But enough about the people who are related to George Soros.

I’m not kidding. I can come up with entire species that I’d love to see wiped from existence, and I’d start with mosquitos, gnats, wasps, and vegans. Vegans especially, because they eat what my food eats, and that’s just selfish.

To be clear, I love the environment. I love hiking, I love nature, I love hunting, I love trees. The reason I love them is simple: they exist to by enjoyed by Man. If Man doesn’t exist? None of these mean anything to me. There are millions of cows alive on Earth right now. Because we want to make cows happy? No, because cows make us happy, especially when done medium rare with a nice crust. To be clear, I think “nature” has no intrinsic value outside of what it can provide to Man. But I love nature, because it’s awesome to man.

The Moon? Just rock without people. And Soviet Russian ships that landed. A crash is a landing, right?

Oddly, because of these heat maps, people on the Right go out to work to care for the people they know and their country. Why was the Right the primary source of military recruits? Because we like our nation more than we like other nations, and since we are focused on those around us, we’re fiercely individualistic, and focused on family and friends. Why? We like our families and friends, and if they’re loyal to us, we’re more than loyal to them.

When the chips were down and you needed help, would you rather have a friend on the Right, or one on the Left?

Thought so.

People on the Left, though, end up in the traditional Leftist positions, in academia, or, in government. I’ll perhaps discuss in some future post a bit more on Leftism and academia if there’s interest. For today, let’s focus on government.

The idea of government, at least as outlined in the Constitution, is simple, “establish justice, ensure domestic tranquility, provide for the common defense, promote the general welfare and, ensure the blessings of liberty to ourselves and our posterity”. Note, even in the Constitution it talks about “ourselves and our posterity” and doesn’t mention the slave-pirate amoebas from the planet Melkor-7 or trees.

Wait, tell me about the slave girls again?

The people who gravitated to government over time, however, like control. And that control includes enforcing their morals (which rate rocks above people). And in 2023, those are the folks in charge of policy. They like people who live elsewhere more than they like citizens of their own country, and the like clinging vines more than they like their second cousin. Depending on the second cousin, I might agree, but the point remains: they hate humanity.

Rather than environmental policy being about how to best work and preserve the environment for people, environmental policy is now viewed as either one of state control, or the idea that we’ll preserve a beetle that isn’t that much different than millions of other beetles rather than try to provide a future habitat for our grandchildren, or Keith Richards, whichever lives longer. None of these policies have humans in mind.

Right now, I drive a huge pickup truck. I might have bought a smaller pickup, but they can’t be sold because of fuel-efficiency standards – only my massive, hulking pickup with an interior bigger than my first apartment can be sold legally because huge pickups don’t have to meet car standards, but little ones do. That’s also why sedans and station wagons disappeared and massive “sport utility vehicles” replaced them – a consequence of bad environmental policy. I like using less gasoline, but .gov says I have to use more.

Hmmm.

Mussolini was lucky. On his last day he got to hang out with his friends.

Other examples of this are things like nuclear power. The Left has always hated nuclear power because it was something only First World societies could afford, and the thing the Left hates more than themselves is a winner. How can we drag them back down? Oh, yeah, we can make power so expensive and unreliable that no one can afford it.

The biggest question facing humanity in 2023 is energy. Is an energy crisis coming? It certainly is. Will the regulations that the Leftists who like rocks better than their parents put into place make sense for people? Unlikely, since the civilization of humans isn’t on their radar.

To be fair, since we’ve already demonstrated the self-hatred of humanity, it’s pretty simple to note that these consequences that put all of humanity at risk, might not be unintentional at all.

Is Leftism a death cult?

Not if you’re a rock. Otherwise, yeah.

Global Warming Is For Losers

“I’m a man, but I can change, if I have to, I guess.” – The Red Green Show

Remember to always ask yourself what you can do to make Leonardo DiCaprio’s life better.

I remember one Twitter® exchange I had way back in the past. It was with a Leftist, and I made the statement, “Don’t you see, the only ethical path is to be against illegal immigration, and immigration of any sort. Since Americans emit nine times the greenhouse gases of countries like Mexico or Guatemala, the only thing we can do to protect the climate is to keep them there or send them back.”

There was a pause on the response. “Not sure if you’re really concerned about the environment or just don’t like illegal immigrants.”

That was one of my favorite trolls, since they had to think about conflicting narratives in their programming. In many cases, the Left ignores this, but my major message is never to the Left, since they are not on a rational mission, but on a religious one since Leftism isn’t a political system at heart, it is a religious one. Look at it when a Leftist talks about Trump – it’s like someone on the Right being forced to think of Satan in the Oval Office – it’s religious, not ideological.

The Sun never went to college because it has thousands of degrees.

One of the sacraments of this religion is abortion. The other? Global Warming, er, Climate Change.

This summer has been hotter than the last few here in Upper Lower Midwestia. I’ve seen stories where it was hot in lots of other places, mostly places that you’d expect, like Phoenix. Some of the hottest places this year are the places where people are only there because there’s oil there, like Saudi Arabia, Iran, or the place they make French fries at McDonald’s®.

But that’s why we always see Global Warming, er, Climate Change stories trotted out in the summer and never when it’s -20°F (-273.16°C in metric units) in winter. How bad is it? The propaganda of the sacrament of Global Warming, er, Climate Change is trotted out on weather forecasts to nail down the idea that things are getting worse when in reality, they’re not a whole lot different. Want an example? Here’s Sweden:

Are illegals in Sweden known as “artificial Swedeners”?

Yup, 36 years later, the biggest change has been that they changed the color of the map to a scary color. Why? To celebrate the sacrament of Global Warming, er, Climate Change.

How bad is it? I’ve pointed out again and again how the people in charge of defending our country are fundamentally not serious people. They want, well, I’ll let them tell you:

If she succeeds, everyone will know how to stop an American tank: shoot the soldiers pushing it.

It has even become a death cult, of sorts. The doom that has hit country after country across the world has been staggering. The big part is propaganda – starting at the schools where teachers, predominantly taught Left-leaning curriculum by Left-leaning professors at Left-leaning colleges are the ones in charge of the indoctrination. What does that lead to? Students that don’t want to have children because they believe that they’re part of some sort of Original Sin just by breathing. Notice that China is utterly ignoring the nonsense.

Looks like the Germans and the French are finally equal at something.

The other part of this equation is that people are ignoring the elephant in the room: a volcano last year put an additional 13% water vapor into the Earth’s atmosphere. 13%. And water is a very, very potent greenhouse gas. That’s huge, but I don’t see Greta wanting to sacrifice virgins to the volcano god to stop those from going off, or Joe Biden wanting to make water illegal.

Soon enough the water will drop out of the atmosphere, but Joe Biden will still have to live with being Hunter Biden’s dad.

And I will say, again and again, that this has nothing to do with Global Warming, er, Climate Change. It has everything to do with Leftist ideology and nothing to do with the temperature or the weather or any sort of solution. Again, listen to them when they talk:

What’s the scariest word in nuclear physics? Oops.

The Left is adamantly against nuclear power, because, properly implemented it solves a whatever Global Warming, er, Climate Change problems there are. To be fair, the plants need to be idiot proof, because idiots have a really great track record of screwing everything up, and hiring anyone but actually competent people to design and run the things is an absolute must.

Never let a cat run your nuclear power plant.

Nuclear power is clearly a part of the plan, but keep in mind that the plan is created by people whose idea of nature is a strip of lawn in a park a half a mile from their house. The people crafting the plans to create the “new world” have no more real appreciation of nature than Mark Zuckerbot.

Remember, these are people that get scared when they’re more than 20’ from asphalt.

I think we need to move away from fossil fuels, and quickly. Not at all because I hate them, no, but because we need to save them for the really useful things they do. It will take decades and trillions of dollars of investment to move the world to a new power source. And we only have so much time to do it before that opportunity expires.

Leftists oppose it:

“Environmentalists” don’t understand it:

But true Chads know that’s where we’re going:

And if we ignore it, the actual aliens (not the illegal ones) will never stop giving us crap:

The Great Rollover

“Like I told my last wife, I says, “Honey, I never drive faster than I can see. Besides that, it’s all in the reflexes.” – Big Trouble in Little China

I tried to buy a hamburger with cheese, but they wanted cash instead.

Yellow Freight® shut down. They had been around for 99 years, starting business way back in time when Bernie Sanders was trying to ruin Austro-Hungarian Empire or Bulgaria or wherever he came from.

Yellow Freight© was an old company and 30,000 people lost their jobs. What went on? Well, Yellow© borrowed hundreds of millions of dollars emergency ‘rona bucks. When they went bankrupt, they had an outstanding loan balance (backstopped by you and I) of $729.2 million. During the two and a half years that they’d had the loan, they’d paid down $54.8 million in interest. They’d also paid down $230 in principle.

Not $230 million. Not $230 thousand. $230, so I’m guessing their strategy was to pay it off at $10 a month, which would ensure that they’d pay off the loan in roughly the year 6,079,523.

Oddly, no one would take a risk on refinancing a company that had such powerhouse earnings, and so all of the people who used to have pensions with Yellow™ found out that their pension value would be paid out at the same rate as the loan was being paid out, and it’s pretty hard to split $10 among 30,000 people each month.

I hate to point fingers, but whatever executive thought orange was yellow just might be at fault.

Most of the 30,000 folks from Yellow Freight© will find another job – truckers are still in demand, and other companies have picked up the slack so far.

This isn’t the first. Just like the banks who had money in Treasury paper took a hit (Silicon Valley Bank®, I’d be looking at you if you were still here) because the “super-safe” bonds making 1% were worth a lot less when interest rates went up to 4%. The FDIC™ requires the banks that they insure to report data. It’s kinda scary when the FDIC© uses the X® (the social media company formerly known as Prince) to notify banks (and the American public) that banks might be in trouble again.

I guess no one is making them account for their problems?

The same thing is, perhaps, happening to the dollar itself – today lost its AAA bond rating from Fitch™ and is now producing AA bonds. Still a good rating, but it’s a big hit from “nearly perfect plus has nuclear missiles” and the first step to becoming a “drunk wine aunt country that can’t afford to take vacations”, like Uzbekistan.

As I’ve written before, it’s awesome to have “the reserve currency”, since that means you can print all the cash you want and spend it on things like iPods™ from China, Hello Kitty™ slippers from Bangladesh, and tequila from Mexico (what’s known as a “Hunter Biden Saturday Morning Special”). Losing it means a loss of that ability, and all of a sudden you have to work for all of that stuff rather than just printing cash.

Hunter Biden’s credit card company called him about suspicious activity. Seems that someone made a payment.

That’s difficult, because there’s always competition in having the reserve currency. One competitor, of course, is precious metals. Another is land. My father-in-law liked to say, “if it blows up, at least you still have the hole.” After the debt ceiling deal (translation: spend as much as you want until after the general election), the debt shot up, climbing $1.8 trillion in just two months. I mean, that’s a crazy number, we don’t even give that much to Zelenskyy in a year!

I know mortgage payments are going up, but just try telling a homeless person how lucky they are.

Eventually that has an effect on all assets. Although Darth Powell doesn’t exactly have the understanding of how home prices work, it is closer to say that at the same payment at a 7% mortgage rate, you can afford a heck of a lot less home than you can afford at 2.7%. Unless wages go up or BlackRock© decides to buy houses because they ran out of illegal aliens to import this month.

Or, if the bankers get absolute control over who uses what cash and when. That’s the goal. Will that happen if things are going well, and we’re surrounded by prosperity?

Of course not. In order to get control, the idea is chaos, uncertainty, war, and mayhem. If you’re old enough, how do the 2020s compare to the 1980s? The 1990s? The 2000s? In nearly every way that doesn’t involve ludicrously cheap televisions, each of those decades was objectively better. I’ve noted before that Peak USA probably hit somewhere before I was born to when I was a little kid.

Why do central bankers never travel together? They’re a bunch of loan wolves.

I’m normally a fan of the idea of ineptitude being responsible for at least being some contributing factor to the problems that we have, but when I look at the gross mismanagement of the economy for decades it almost seems like it’s planned.

But I’m sure I’ll hear Bernie lecturing us all that socialism and more government is the way out from the balcony of one of his three houses soon enough. After all, it’s worked out pretty well for him, what with him never having had an actual job and all.

You know, this costs money, but I’m just thinking of the joy of all of those people in India when they get unexpected packages.