Smart people live longer, and they all love Red Dawn.

“Check out the big brain on Brad!” – Pulp Fiction

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Okay, my dog ate my hard drive, so I’m stuck using memes tonight.  Let all of your memes be dank, my friends!  And, yes, that’s Charlie Sheen pretending to be Patrick Swayze’s brother.  Thankfully, no C. Thomas Howell was injured during the writing of this post.

So, there’s a very strong correlation between health and IQ.  It’s even stronger than the correlation between living in California and being forced to have a statue of Karl Marx™ in your front yard.  Really!

The short version is this:  if you’re smarter, you’ll live longer.  And not only will you live longer, but you’ll enjoy your life more.  It’s like winning the lottery twice, though I’m reliably informed that smart people don’t play the lottery – they own the lottery, just like Elon Musk gets a bright new penny every time someone plugs a toaster into the wall.

But the smarter you are?  The longer you’ll live.

Bright people live longer than average people.  Geniuses live longer than bright people.  And people like me?  Maybe I’ll live forever, if the beer holds out.

And the correlation is so very strong, that people actually wrote papers that said that we should increase educational funding.  Why?  To make people smarter.  This is similar to exercising to make yourself blonde, but, hey, there’s lots of government money in stupid ideas.  Justin Bieber® is actually a cyborg made from spare Justin Timberlake© parts and genes from a mutant chicken in a government lab in Kentucky.

But education can’t help ensmarten yourself.

IQ is baked into the baby from the start – the top number is almost all genetics.  Can you mess a baby’s IQ up?  Sure!  If Mom loves Margaritas, well, that’s a good way to bake a few brain cells while the baby is cooking.  Likewise, youthful malnutrition can hurt intellect – but this type of malnutrition isn’t “eating Big Macs® instead of “vegan free range kale,” no, this is starvation-level malnutrition.

Extra study, extra education can’t make you smarter.  You are as smart as you is.  You are as smart as you ever will be.

But there is a limit – once you reach the age of 80?  All the life expectancy logic changes.  The measure then is how much IQ you’ve lost.  If you went from 160 IQ to loving Two and a Half Men, well, your days are numbered.  Okay, that’s an exaggeration, but the truth is if you love Charlie Sheen you’re halfway to dementia.  Except it’s okay for you to like Red Dawn.  Which is just awesome.

WOLVERINES!

There’s another limit.  If you’re one of the 100,000 to 140,000 people on Earth with an IQ of 163 or more?  Yeah, that’s the limit.  More IQ than 163 won’t help you live any longer, so thankfully Bill Gates won’t be around in the year 2573.  But I’ve heard his clones will, so there’s that.

So what else do the statistics say about being smart and your likelihood of death?

If you’re smart, your mortality against cancer is better, but only if that cancer is from smoking.  All other cancers are the same between normies and eggheads.  What about suicide?  Yeah, smarter people do that a bit more often.

But high IQ people take MUCH less sick leave than lower IQ folks.  (Coincidentally, I haven’t taken a sick day since 2002, and that day was because I was shot while saving Emilia Earhart from being cooked and eaten by Kevin Spacey.)

But let’s look at how being smart impacts health.  If you’re smart, you have a:

  • Lower risk of heart disease.
  • Lower level of obesity.
  • Lower blood pressure.
  • Lower risk of post-traumatic stress disorder, and this was correlated to people who had stressful events in their life, like being forced to watch a movie starring Amy Schumer.
  • Lower risk of stroke.
  • Lower risk of schizophrenia.
  • Lower risk of schizophrenia.
  • Hey, I said that first.
  • No you didn’t.
  • Yes I did.
  • Lower chance of being bipolar, which I think refers to having houses at the North Pole and the South Pole. But not being a bear.  Or belonging to a homeowner’s association.

Oddly, if you have a high IQ?  Your risk of skin cancer goes up.  I have my theories there, but they mainly relate to our naked smart people sunbathing parties global warming.

Downsides of being smart?  You drink more.  Sometimes a lot more.  Oh, wait, that was a downside?

Also?  You smoke a LOT more weed.  Which makes me think that you’d be ready for some dank memes.  What are they, really?

Dunno.  But the fifth image for “dank meme” on my Google® search led me to this:

DANKMEME

Mood – It’s Your Choice. Mostly.

“Oh, dear!  Her mood swings are getting wilder.  She’s becoming a slave to her emotions, just like all women!” – Futurama

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What kind of mood does this make you think of?  If you said “salty” – you win!

Mood is mostly a choice.  When I said that to The Mrs., she said, “You know NOTHING about women.  Men can compartmentalize.  With women, everything is all connected.”

This video makes her point, and it’s long-ish, but fun:

But I’ll stick by my original assertion – mood is mostly a choice.  You get to choose how you feel (again, mostly – some significant outside events can drive your mood, but on a day to day basis, you get to choose.  And yet . . . some people will intentionally seek out content (websites, radio stations, television shows, books) knowing that the content will make them mad.  You see these same people at protests and counter-protests.  They seem to seek and maybe even enjoy feeling angry and feeling like they’re a victim.

It happened to me, and I wasn’t even looking to get angry.  I listened to a radio station on my drive to and from work that had a basic political position that I don’t agree with.  And that was the reason that I listened to the station – I wanted to be exposed to different opinions.  Mine aren’t always right, and I’m more than willing to debate from an honest, open position my fundamental beliefs.  From time to time I even change them, but that can’t happen unless I review my beliefs and examine them.

But that wasn’t what was happening.  Instead of new ideas to kick around in my mind, I found that the arguments coming from the radio weren’t ideas – they were essentially mindless, direct partisanship.  And it made me mad.  So started listening to music – but there are only so many times you can hear the same thirty songs from the rock music station.  And the morning talk on the music stations was . . . embarrassingly idiotic.  I got tired of my CDs, too.  So I shut it all down, and now I drive to and from work in silence.

Silence was hard at first.  I think that in today’s society we are accustomed to a constant sensory overload from waking until sleep.  Confronting eighty minutes of silence a day was a new challenge.  And it felt pretty good after a few days.

Outside of our moods, what else do we sacrifice when we get angry about things we can’t control or change?

Our health.  Longer term anger increases anxiety levels, and blood pressure.

Anger also crowds out creativity – it kills unique thoughts, kills concentration, and sets a single mood – a bad one – which will keep producing the same thoughts.

And you can choose your mood.  And I choose . . . a slight itch under my watchband.  That’s a fine mood for a Friday morning!

Flat Earth, Belief and Your Mom Looks Like Bigfoot

“Yes.  I’ve left everything to the Flat Earth Society.  But don’t worry about it.  I’m forted up here with plenty of firepower.” – Hopscotch

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A trip flying from Seattle at night to Fairbanks in the summertime.  You leave in darkness, and then arrive at 2AM in a perfect daylight.  Proof of a flat Earth!

I really enjoy a good conspiracy theory.  The very best ones make claims that are entirely consistent with agreed-upon facts, and that you can’t disprove.  The JFK assassination theories are an amazing treasure trove of paranoia, and so are a thousand others – from ancient aliens to “we knew the Japanese were going to attack Pearl Harbor,” to the theory that your Mom is bigfoot (that would explain her back hair).

The conspiracy theory that’s currently ascendant is “Flat Earth Theory.”

Yes.

Flat Earth theory says the Earth is, well, flat.  And this theory has been gaining followers globally.

Did you see that, globally?  Heh.  I crack myself up.

Anyway.

And here I thought that Bugs Bunny® had solved the issue once and for all.

The idea is that the North Pole is center of a disk – and the Sun is only 32 miles in diameter, and 1,500 miles away.  Likewise, the Moon is only 32 miles in diameter and 1,500 miles away.  Seems legit!  What about the South Pole?  The South Pole isn’t.  It’s the edge of a pancake, with a 150’ ice wall that surrounds the disk of the flat Earth.  And, while vague, it sounds like there’s a dome about 700 miles up.

So how do we explain the International Space Station (ISS)?  The ISS is either a secret NASA spy plane, or maybe a secret NASA hologram projection to make us think there’s an ISS.  And satellites?  Totally fake.  There’s no way that your DirecTV© technician could possibly aim at a spot 22,000 miles away moving at 7,000 miles per hour!

Of course, that means the Moon landings were fake (its own conspiracy theory by itself).  And O.J. Simpson had to go to prison for starring in Capricorn One® (a movie that showed a fake Mars landing) because that would totally have stopped NASA.

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Like I said – these theories are fascinating.  Most of them are hard to refute, but Flat Earthers are so very easy to refute, it’s like placing a kitten in a room full of velociraptors.  Not really sporting.

I’m not going to get into the energy flux that would have to be created by a 32 mile diameter Sun to warm the Earth, even if only 1500 miles away.  But we’ve been sending people to Antarctica for over 100 years.  The first people to reach it was Roald Amundsen back in 1911.

To believe in the Flat Earth, one would have to believe in a conspiracy heading back over 100 years.  To add further problems for the Flat Earthers – the differing constellations south of the equator should be visible from a flat Earth (which I can personally attest to), Polaris being at different positions in the sky based on latitude (personally verified by me during my Alaska days), and Johnny Depp having a career.  Johnny Depp would never have a career on a Flat Earth.

But NASA would also have had to flawlessly fake all of the Moon Landings, all of the satellite launches, a shuttle program, and Elon Musk’s ego.  Not possible for a group that wanted to inject water into the Yellowstone Caldera to cool the magma chamber and (probably) trigger a volcano – I wish I were making this up, but I wrote about it here (LINK).  Large swaths of NASA are hopelessly inept and stupid.  They couldn’t keep an afternoon nap secret.

Oh, and sending O.J. to prison for murder to keep him quiet about “faking the Moon landing”?  Capricorn One was a movie that had been out 18 years by the time O.J. was arrested.  If so, their punishment of James Brolin was even worse – they made him marry Barbra Streisand.

And as for a technician being able to point a dish at a satellite that’s moving at thousands of miles per hour?  Well, it has to move at thousands of miles per hour, since it’s in stationary orbit around the Earth.  It’s easy to point an antenna at something that’s not moving (relative to you).

Geostationaryjava3D

See, they are moving fast to stay stationary!  If they want to go anywhere, they’d have to move faster still.

Francisco Esquembre, CC BY-SA 3.0, via Wikimedia

The question isn’t if the Flat Earth theory is correct.  It obviously isn’t.  But the question is why would someone believe in something (and I believe that the believers in the Flat Earth are sincere) that is observably disprovable?  In today’s world, you’d have to really make an effort to ignore/come up with complicated alternative answers to data clearly visible around you daily.

(By my count, there can’t be more than a few thousand of these believers in the Western world, but they make a lot of YouTube videos.)

So, why?  In some cases faith.  The idea of a flat Earth is based on (some) interpretations of Biblical passages.  In some cases reasoning.  The main proponent of the Flat Earth Society® for decades mentioned that he felt that way from when he was young – and that his teacher in second grade was lying to him.  He reasoned that the simplest thing was a flat Earth.  Other writings (some guy who named himself Koresh – not from Waco but this time from Illinois) explicitly called for a flat Earth, such that teaching normal geography was banned in the local schools around Zion, Illinois until the 1920’s when they disbanded.

But the rumor is that bigfoot your Mom scared them away.

King Arthur, Holger Danske, Buck Rogers, Cyronics and Corpsicles

“The year is 1987, and NASA launches the last of America’s deep space probes. In a freak mishap, Ranger 3 and its pilot, Captain William “Buck” Rogers, are blown out of their trajectory into an orbit which freezes his life support systems, and returns Buck Rogers to Earth.  500 years later.” – Buck Rogers in the 25th Century

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No comment required.

There is a theme in legend, called “The King in the Mountain.”  In this theme, a hero from history awaits.  The hero, though wounded, or old, or with a bad case of the sniffles, waits.  Generally the hero is awaiting a future time when he will be needed to save the nation he is associated with.  One example of this is the legend of King Arthur.  Arthur is said not to have died, but to be resting in Avalon for when he is needed by Britain, and then he will emerge from his sleep, his sword Excalibur in his hand, to save Britain.  One would assume he has a good mattress for a sleep this long.  Whenever I go longer than about 8 hours my back lets me know about it . . .

arthurarrest

Since Britain has now outlawed all weapons, up to and including dull butter knives, I’m thinking Arthur would face this fate upon his return.  The Royal Navy now has fewer ships than at any point in the last 370 years, so if he avoids arrest he might have his work cut out for him if a group of toddlers decide to take over the UK.

Arthur’s legend dates back at least to 600 A.D., but other regions have similar tales, such as the legend of Holger Danske, a big Danish guy who sleeps and will come to the aid of Denmark when it’s in peril.  Like Arthur, he’s asleep in Avalon, and also like Arthur, he’s spent some time (wink-wink) with Morgan le Fey.

holgerdanske

Here’s Holger.  He looks like he’s pretty buff.  I bet he deadlifts like 500 pounds, bro.   CC BY SA 3.0, from Wikimedia.

So the concept of suspended animation has been with us for centuries, and most of the time the “suspended animation” has been just your garden variety of time-stopping sleep which lasts centuries and is susceptible to interruption only by current events.  Buck Rogers (who went from the 1920’s to the 2400’s fell asleep due to radioactive gas in a mine (in the original story published in 1928).

But I think that Clarence Birdseye® was the real inspiration for those that spend time dreaming about suspended animation.  Birdseye™ invented a way to quickly freeze food (in about 1924) so that it retained flavor, texture, and nutrition better.  Soon enough, the first frozen dinner was in stores.  And in 1931 a young boy named Robert Ettinger read the short story, “Jameson’s Brain” about a gentleman named Jameson that was frozen in orbit.  Jameson was frozen for about a million years, and some robots put his thawed brain into a robot.  As attractive as the whole “human brain in a robot body” goes, I mean, who wouldn’t be attracted to that?

Ettinger from that moment was fixated on a science he dubbed Cryonics.  He even wrote about it in a short science fiction story that was published in Startling Stories in 1948 (it’s pretty rough, but it’s also pretty short).  In 1962 Ettinger wrote a book called The Prospect of Immortality.  You can find it for free online.  His book was pivotal in getting attention to Cryonics, and in 1967 the first corpse patient was frozen.  That was one of Ettinger’s ideas – death should be looked at not as a final state (in some cases).  Where there was sufficient medical equipment and know-how, he reasoned, death could be considered to be a temporary condition, a setback that could be cured.  Die in the Amazon (not Jeff Bezo’s place, the actual jungle) and you’re dead.  Die in a modern city near modern medical equipment?  Maybe you and Buck Rogers can swap stories about Wilma Deering.

The basic theory is that your brain stores information in such a manner that it’s retrievable after you die.  It retains your personality and memory.  The basis for this (according to Ettinger’s book) is that rats, nearly frozen, no circulation for hours, were revived.  The rats had been taught tricks, like how to vote on a bill in Congress.  After being thawed out, the rats remembered the tricks they had been taught.  It might be a stretch to say that the personality and memory would be the same, but at least Ettinger had some evidence that it might work.

So, after thawing you might get a new cloned body to put your brain into.  That would be cool if we knew how to do any of that.  Or we could scan the brain and put your memories and personality into a computer.  If we did either of these, we wouldn’t need to store the whole body – we could just store the head.  And storing the head is one option if you’re on a budget and not wedded to the “I need my body” thought process.

Or we could fix the original body, if we had a cure for whatever killed you and you weren’t a cheapskate.

Hey, maybe you could have a robot body, too.

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How could this possibly go wrong?  Peter Weller is our friend, right?

So death goes from being the end to being a temporary stop along the way to the future.  But the problem is that people really don’t like being frozen.  And their organs like it even less.  Freezing cells dehydrate.  I had thought that ice crystals formed inside the cells, but my research for this post says that the cells dehydrate, ice crystals form outside the cell walls, and then the resulting salty sludge left in the cell couldn’t support life.  Freezing is pretty destructive.  Frostbite seems to come to mind . . . .

In the 1980’s, a scientist had an idea:  inject antifreeze into the cells and cool them down in such a fashion that ice crystals don’t form and the frozen body becomes like glass:

kidney

Don’t dwell on it . . . (I think this image was originated from Alcor, a cryonics firm)

The problem is the “antifreeze” that gets pumped into the organ/body is . . . toxic, which implies that in order to freeze the organs, you have to poison them.  And getting the antifreeze into and around the brain (which is pretty dense) is rough – there’s some speculation that the amount of pumping and pressure required to get the antifreeze into the brain might just damage it to the point that it’s useless.

The bet for the future is that we’ll have “new technology” (Nanotechnology?  Better beer bongs? High Definition rubber bands?) that will solve the problems associated with freezing the corpses patients in the first place.  Also, I give Ettinger credit:  he’s frozen at -140˚C (room temperature in Canada) along with both his first wife and his second wife, which might cause all sorts of complications upon thawing.

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I first learned about cryonics through science fiction.  The noted fiction author Larry Niven referred to frozen people as corpsicles, and his novel A World Out of Time is based upon a thawed corpsicle working as a slave to a totalitarian future government.  Which gives him a space ship, for some reason.  They gave the corpsicles jobs that Future Serfs won’t do.  Maybe they can give corpsicles the job that future people won’t do . . . like . . . saving Britain?

Hapsburgs, Beijing, and Small Villages: Genetics and Innovation

“Her actual name is:  Penelope Mountbatten Hapsburg Hohenzollern Mulan-Pocahontas.” – The Simpsons

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So, if your European Dynasty is the subject of Internet memes in 2010’s?  You know you were inbred.

Last week on Monday’s post I wrote about how a massive amount of wealth that wasn’t tied to any production (New World gold) weakened Spain in every conceivable way (LINK).  A comment on that post indicated that wealth alone wasn’t the whole story.  The Hapsburgs were horrible leaders because they were rendered idiots by centuries of inbreeding and watching reality television.

That’s where we get to the Hapsburgs and genetics.

The House of Hapsburg started with the unlikely named Count Radbot.  If ever there was an argument that Europe was run by time travelling robots or the writers of the game Fallout, well, the fact that a major European dynasty was started by a person named Radbot is probably the best evidence to date.  Radbot built Hapsburg Castle in around 1020.  His grandson, Otto, took the name of the Castle and became Otto Von Hapsburg.  Eventually the family moved to Austria, and took over the country in 1276.  They only ruled Austria until 1918.

radbot

Count Radbot was also a fixture in the Sunday comics for thirty years – often he would chase a cartoon cat and fight comically with him over hamburgers.

Besides the whole, “ruling huge chunks of Europe for 650 years” thing, the other thing that the Hapsburg dynasty was really known for was . . . serious inbreeding.

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For being a bunch on inbred sometime-morons, they seemed to do okay.  CC by SA 3.0, Original by Wikipedia User Alphathon

The Hapsburg family kept breeding cousins because that was a great way to not share power with outside families.  Unfortunately, cousins that have been breeding only with each other limit the gene pool pretty severely.  Charles II of Spain (shown below) had comparable genetics to a child born of a brother and sister.  He was reportedly:  “ . . . short, lame, epileptic, senile and completely bald before 35, always on the verge of death but repeatedly baffling Christendom by continuing to live.”  Charles reigned between 1665 and 1700, and when he died it plunged Europe into the War of Spanish Succession as the Hapsburgs attempted to control who would become the next King of Spain.

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Charles II of Spain.  What a catch!  I think he was featured in several of the “Hills Have Eyes” movies . . . keep in mind that painters tried to make their subjects look better in their portraits than they did in real life . . . .

Evidence is fairly clear at this point that genetic difficulties led to the final problems of Spain that led to the fall of the Spanish Empire.

This is an example of genetics that are too close . . . there is no variation because there is far too small a gene pool to contend with.

A modern city is the opposite.  People are mobile, and cities are growing – there’s a great deal of movement from the countryside to the cities.  A Yale® study indicated (LINK) that by 2030, 10% of the land surface of the Earth will be covered by cities.  To get to that number, the equivalent of 20,000 football fields are being paved.

Daily.

Major cities perhaps are the opposite of diversity – they may be the greatest homogeneity.  Unique cultures and traditions are moving to the cities and destroying diversity – even within groups that are remaining distinct.  In order to avoid arguments that are outside of the point I’m making today, the metropolitan area that I’m picking to make my point is . . . Beijing, China (as opposed to Beijing, Oklahoma, population 6).

Beijing is interesting in that the ethnic makeup change appears to be zero – so I can happily avoid (at least for this blog) those questions.  But what’s changing?  The city has had a tremendous influx of people from 2000 to 2010, over eight million.  But Beijing remains a Chinese city, specifically Han Chinese.  So what’s the argument about diversity here, John Wilder?

China is a pretty big country, and there are about a million villages in China.  The average, medium sized village has about 500 people, and 7 to 10 clans.  Some of these villages have histories spanning thousands of years, with customs and families reaching far into the past.  Over time, there is genetic drift – a village in Northern China doesn’t look nearly the same as one in Southern China.  Both are Han Chinese, but differing diseases, climates, history, original genetic stock, and, well, luck play a part in allowing a diversity to flourish among the villages.  China has a history of amazing innovation.  How much a part of this does the village structure explain?  How much genius sprang up because of the stability of those villages?

From Freeman Dyson (LINK):

West does not mention another scaling law that works in the opposite direction. That is the law of genetic drift, mentioned earlier as a crucial factor in the evolution of small populations. If a small population is inbreeding, the rate of drift of the average measure of any human capability scales with the inverse square root of the population. Big fluctuations of the average happen in isolated villages far more often than in cities. On the average, people in villages are not more capable than people in cities. But if ten million people are divided into a thousand genetically isolated villages, there is a good chance that one lucky village will have a population with outstandingly high average capability, and there is a good chance that an inbreeding population with high average capability produces an occasional bunch of geniuses in a short time. The effect of genetic isolation is even stronger if the population of the village is divided by barriers of rank or caste or religion. Social snobbery can be as effective as geography in keeping people from spreading their genes widely.

A substantial fraction of the population of Europe and the Middle East in the time between 1000 BC and 1800 AD lived in genetically isolated villages, so that genetic drift may have been the most important factor making intellectual revolutions possible. Places where intellectual revolutions happened include, among many others, Jerusalem around 800 BC (the invention of monotheistic religion), Athens around 500 BC (the invention of drama and philosophy and the beginnings of science), Venice around 1300 AD (the invention of modern commerce), Florence around 1600 (the invention of modern science), and Manchester around 1750 (the invention of modern industry).

These places were all villages, with populations of a few tens of thousands, divided into tribes and social classes with even smaller populations. In each case, a small starburst of geniuses emerged from a small inbred population within a few centuries, and changed our ways of thinking irreversibly. These eruptions have many historical causes. Cultural and political accidents may provide unusual opportunities for young geniuses to exploit. But the appearance of a starburst must be to some extent a consequence of genetic drift. The examples that I mentioned all belong to Western cultures. No doubt similar starbursts of genius occurred in other cultures, but I am ignorant of the details of their history.

I suggest you read the whole thing – it’s fascinating.  And Dyson dates things properly – BC, AD.  If you’re not familiar with Dyson, he’s a physicist and scientist of renown, the Dyson sphere – an artificial sphere built around a planet – is one of his most known ideas.

From this, one could surmise that the “end of diversity” even among ethnically homogeneous societies will rob us of genetic variation that will advance the human race, perhaps even greatly.  Would places like Stanford® or Harvard® provide a place where this (intellectual) genetic diversity could flourish?  I’m not sure, but I don’t think so.  The time and relative isolation required for drift appear to be missing.

Genetics may be like water – when frozen through inbreeding, no progress is possible.  When boiling in a city, no usefully differential structures form in the chaos.  When in the right size populace for a period of time?  The lukewarm water of interesting change, complexity can form.  Like Goldilocks:  too hot, too cold, and then just right.

What do we lose if we don’t have that drift, if we don’t have those periodic bursts of genius arising out of that properly complex world?  Is it odd to think that cities, which we think of as engines of diversity are really just engines of future homogeneity?

Thankfully we don’t have to worry about that, because our new robotic overlord, Count Radbot, will come from the future to save us all!

College isn’t worth it. Except when it is. (Hint: College is an investment.)

“Now can you believe it?  After only five years of playing football, I got a college degree.  Mama was so proud.” – Forrest Gump

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This bridge is based on one I sketched one day.  Oh, wait, it was built before I ever sketched it.  Nevermind.

The easiest way to determine a lie is to see what everyone believes in.

Almost always they’re wrong.

The delusions of crowds are nearly legendary.  Teenage girls are suddenly transformed into witches in colonial Salem, rather than in Middle School, like normally happens.  Stock prices always go up.  Until they collapse in a pile of hope-flavored rubble.  Housing prices always go up, until they don’t and cause the government to throw piles of money into the air hoping that it will hit someone on the way down.

“Everybody should go to college” is another one of those things that “everybody knows”.  And it’s just as wrong as the examples listed above, and a lot more damaging.  And I firmly used to believe this, as well – I was a part of “everyone believes”.  The idea that everyone (well, most people) should go to college was just ingrained.

Why would I believe that?

Well, in my mind, college was a useful experience that helped people to be prepared to be of value to society (and themselves!) through education and progressive exposure to responsibility.

To a certain extent, that was true.  But most people I know and work with have at least a bachelor’s degree.  And most of my friends from high school have at least one if not multiple degrees from college.  And I have a masters.  And The Mrs. has a masters.  The odds of that randomly happening?  1 in 17,232,000.  Okay.  I made that number up.  But the odds are pretty low, given random selection.  In reality?  It happens a lot.

Before 1980, about half of the guys who graduated from high school (which is not everyone – only 70% or so people graduate) went to college.

So, if you simplify a bit – 50% of 70% is 35%.  The top third (or so) of your group went to college.  Historically, about a third would drop out.  That left 20% or so of the population with college degrees, which made them relatively more valuable.  It meant that you could work at a goal for four or five years and accomplish it.

Now, however, about 70% of high school graduates go to college, and women outnumber men (which we may or may not get into on this post).  Now, 70% of people (still) graduate from high school.  So, roughly 50% go to college.  That’s a huge increase (40%+!) in just a few decades!

And the college graduation rate is going up – now about 35% (total) of the younger generation has a college degree.  That’s a whopping 75% increase in the number of people with degrees.

Great news, right?

Oh, heavens, no.

Part of the problem is that the population isn’t really getting smarter.

If you look at the average SAT verbal score, it’s going downhill.  I would guess that at least part of that is there are more people taking the SAT than before – it’s not just the top 35%, it’s now the top 50%, so the data implies that we’re regressing to the mean with people going to college.  There is even evidence that the population is getting (overall) dumber on a worldwide basis.

SAT-Scores-declining-Zero-Hedge

SAT scores peaked about the time that Nacho Cheese Doritos™ were introduced.  Coincidence?  I think not.  Graph via Zero Hedge

I’d suggest that most college degrees today are . . . not particularly worthwhile.

Previously, even a degree in a subject without a lot of economic demand, say, Anthropology, would indicate that you were in the top fifth of the population as far as the ability to commit to a goal for four years or more.  Now it’s more than a third of the population that has a degree.  For your degree to mean something today in 2018, the degree has to be in something useful.  Medieval French Art History Studies won’t really cut it for, well, almost any job outside of a museum where Ben Stiller works as a plucky night watchman.

I could keep going, but if your degree ends in the word “studies” then you don’t have a real degree.  You just spent five years and either family money or college debt (which is the worst possible debt) getting a degree that qualifies you for exactly the same number and type of job that you could have gotten without that degree, namely positions in the food services or housekeeping industries.

And that’s why this is a Wealthy Wednesday post – you want your degree to be of value to you.  Of course you want to go to college to have fun.  But the purpose of college isn’t to have fun – it’s to get a credential that allows you to 1. get a job where you can be of value to mankind, and 2. to make connections with people that can help your career down the line so you can be of value to mankind.  Since I was too dumb and not enough of a weasel to try to be friends with someone just to create an advantage for me, if you’re my friend and you’re reading this . . . it’s because you’re my friend.  I really suck at Machiavelli.

But if your goal is to find a job where you can be of value to mankind (and using the scorekeeper as dollars, which is a pretty relevant scorekeeper) – people are generally (though not always) paid more when they impact more human lives.  If, as an engineer, you can help everyone in the world save a nickel a day?  Wow.  You’ve managed to change the world – and you get more money.  Hence the people (like Bill Gates) who have saved literally billions of hours of mankind’s time?  Yeah, he’s got the cash from that, plus the khakis.  And a manservant who can kill you in 347 different ways with a hotel coffee machine.

The current list of top college majors to make good money (LINK from salary.com – it’s a slow-loading slideshow, so I don’t recommend it) is:

  1. IT – yes, they are the wizards that support our FaceBorg® addiction. Thankfully, they have no idea of the power they wield – the power of the Search History.  Yikes!
  2. Economics – this was a bit skewed – all the job titles were successful economists, managers and stuff, not the economics majors you see working at Starbucks® or playing no holds barred ping pong in Ding Dang with their lives on the line.
  3. Engineer – Also skewed, but downward. They picked next to entry level positions.  The average is much higher, and this should be number one or two.  Why?  You can live without aluminum, baby, but not without engineers.
  4. Math – I met a math graduate when I was in college. He was working at a bookstore.  Selling me books.  Call me dubious.
  5. Marketing – Again, skewed – these were all “Marketing Director” type positions, of which there might be one in a company, and not all the marketing drones that end up giving free shots of Jägermeister® to drunken college girls on spring break in Florida.   Maybe they figured in the perks.
  6. HR – It’s always good to be the group that figures out what everyone in the company should be paid. And to know where all the bodies are buried.  In some cases literally.  Career tip:  remember HR works for the company, and NOT the employees.  They will bury your career for another 0.1% annual raise.
  7. English – I call bogus. I speak English.  They don’t give a degree in the language that you speak.
  8. Biology – Seems legit. But they have squishy things that are made of slime in their labs.  No thanks.

And that’s the job market today.

That’s the rub – the job market today doesn’t look like the job market from forty years ago, and none of it resembles the job market from 100 years ago.  Forty years ago, to put up a bridge a group of engineers would spend thousands of hours working calculate the forces, stresses and angles required for the bridge to be safe.  And a good bridge can last thousands of years – Roman bridges are still in use today.

Now?  A software program analyzes the forces and stresses and optimizes the sizes of beams and trusses to make the bridge as safe an economical as possible.  The thousands of hours of engineering time that previously went into the bridge is now compressed into a (complex) software package that designs and specifies all the components of the bridge.  Now when the engineers using the software don’t know how to build a bridge, well, that bridge won’t last 1,000 years.

The point, however, is that engineering hours are being replaced by programs.  This is new.  What else is being changed in our job market?

  • Attorneys: Legal research is farmed out to places like India, which sleep during the day and only come out at night to do legal research.  This research is done at a fraction of the cost of the average new law school graduate.  What will the new law school grads do?  I vote that they move to Iran and mess that place up with lawsuits.  You can’t even find a place to put nukes if they have an environmental review.
  • Teachers: Why do we need one per classroom?  Why not have a group of lectures by the Tiger Woods® of lecturers supplemented by people who can answer student questions?  Also, we would give the classroom people Tasers®, because, as noted above, we ain’t getting any smarter.
  • Accounting: This could be done by people in foreign countries if we trusted them with our bank account numbers.  Yeah, that always ends well.  Regardless, we can assume that this will be increasingly automated and globalized, like your mother.  (That’s not a great “your momma” joke, but I have a quota to fill, and I’m behind.)
  • IT: Eventually the systems we use will be self-healing.  And we will need to bring them fresh electricity or whatever they need.  Since they’ll be self-sufficient, and also have our credit card numbers.  Expect random deliveries from Amazon to self-assemble a replacement for that bearded guy who fixes your hard drive.  He’ll still make the same jokes that involve Japanese anime that you haven’t seen.  Anime:  proving the Japanese are way more twisted than the Germans about sex things.
  • HR: Will be replaced after at with HR-Bot 2000™.  Because HR still thinks “2000” sounds really cool and futuristic.  Actually, I’ve seen several HR software platforms that make it so HR can be eliminated.  Guess that will decrease the load on the company Internet.

anime

Anime isn’t this disturbing.  It’s this disturbing times 186,000.  Just say no to Anime!

Automation will go after the higher (and lower) salaries first.  Burger floppers and attorneys and engineers.  Computers can do most of what you do already, except for the coffee drinking and peeing.  But they suck at welding.  Oh, wait!  They’re better at that than people.

I kid.  A little.

If you’re going to college and not majoring in Science, Technology, Engineering, or Math?  You’re just burning your dollars.  Or your Dad’s dollars.  And if your dad has that much money to burn, I’d like to do some networking with him on selling Amway®.  Or just writing me a check if he’s that gullible.

Hey, maybe I could turn your school into an unpaid internship.  Yeah.  Your dad only has to kick in half as much.

That will teach you two a lesson.

Because degrees are always worth it, right?  Even your degree in Sociology?  I hate to burst your bubble, but a really good STEM person will make what you make in your career in five years.  Maybe two if those stock options take off.

Wow.  I still have about five things to talk about relating to college and wealth, and I can see that maybe I’ll have to wait until next week.

Don’t worry – I can bully you then, too.

Samurai, The Foreign Legion, and Living Your Life (Like There’s No Tomorrow)

“For those regarded as warriors, when engaged in combat the vanquishing of thine enemy can be the warrior’s only concern. Suppress all human emotion and compassion.  Kill whoever stands in thy way, even if that be Lord God, or Buddha himself.  This truth lies at the heart of the art of combat.” – Kill Bill (Vol. 1)

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Yeah, a great movie.  Also describes my freshman year at high school.  If you replace samurai swords with fish sticks.

I was playing a game the other day – a silly app that The Mrs. had downloaded onto a tablet.  It has (I kid you not) small children driving tanks and planes and what not while you attempt to destroy them with poison gas and bombs.  I’m not sure what the name of the game is, but I think it really should be called “War Criminal®.”  Anyway, there are several modes you can play it on, and one of them is “single life.”  Rather than “single life” being a video game about an old, sad, single bachelor eating over a sink, it refers to the number of lives the game gives you before it’s over.  Generally you start with the dozen or so lives like we humans all have, by switching to this mode the game makes you live just in a single life.  And when you’re done?  You’re done.

What I noticed when I played the game in “single life” mode was that I died much earlier than I normally lost the first of my dozen or so lives.  By playing conservatively to try to save that single life, I had actually played much worse than I normally do.  Maybe there’s a lesson in there?

Yeah, there is.

A colleague at work recently purchased a new car – the car of his dreams.  A car he keeps . . . in his garage.  He won’t take it out to drive.  Don’t get me wrong – I understand the idea of engaging in things you enjoy only sparingly to keep them special, but in this case – he just likes the car so much that he doesn’t want to risk anything happening to it.

Tracy Goss wrote a book called “The Last Word on Power.”  When I first saw the book, the title put me off.  I thought it was a book about how to get power – sort of like Machiavelli for the modern cubicle-dweller set.   But then a boss took me aside, “No, John, the book is about getting power over yourself.”  He’d actually gone to one of Ms. Goss’ training courses.  Said it was pretty powerful – powerful enough that an executive there had broken down realizing what a mess he’d made of his life.  Yikes!

He took me through the book.  It’s good – maybe I’ll review this 25 year old book sometime in the near future, but right now you can buy it at the link above.  I get no compensation if you do (or don’t) as of the time of writing this post – but that may change.  And it’s not likely that you’ll break down into a puddle reading it.

Anyhow.

Goss writes about samurai – and why they were awesome.  The swords, right?  Or the hair?  Or the armor?  Or the ability to turn into smoke and fly like a bat?  No, that’s ninja-vampires, not samurai.  I always get them confused.  Ninja-vampires are the ones that look like raccoons, right?  Maybe not . . . .

The real samurai (not my ninja-vampire-raccoon thing) were especially effective as fighters simply because they didn’t care if they lived or died.  They would prefer to live, but if they could die a really glorious and Tarantino-esque death, that might even be better and more honorable than living.  When the samurai went into battle, they were awesome precisely because they didn’t care.  Oh, and the swords, and the years and years of arduous and intense physical training.  But without the attitude, they would have just been a group of robed acrobats with cool swords who ran like sissies anytime they cut their own finger and saw blood.

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From the time when the French Foreign Legion showed up on your newsstand every week, between manning remote outposts facing sudden death . . . .

Goss continues with her military metaphors – bringing up the French Foreign Legion.  For those of you unfamiliar with the Foreign Legion, it is open to foreign soldiers joining – even today, 75% of the soldiers in the Foreign Legion are not French (all officers are French).  The Foreign Legion is world renowned for its bravery.  One reason?  Traditionally the men who have joined the Foreign Legion have given up their home nationality, their history, and, in some cases, even abandoned their name as they joined to avoid angry fathers, husbands, or juries.

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Here’s Frank Sinatra in his Foreign Legion outfit, along with his son, future president Bill Clinton.

How amazing was the Foreign Legion?  In Mexico in 1863, the Foreign Legion became legends (from Wikipedia® – edited to remove parts of the autism):

A company led by Captain Jean Danjou, numbering 62 Legionnaires and 3 Legion officers, was escorting a convoy to the besieged city of Puebla when it was attacked and besieged by three thousand Mexican loyalists.  The Legion detachment made a stand in the Hacienda de la Trinidad – a farm near the village of Camarón (JOHN WILDER NOTE:  I THINK THIS MEANS SHRIMP).  When only six survivors remained, out of ammunition, a bayonet assault was launched in which three of the six were killed. The remaining three wounded men were brought before the Mexican commander Colonel Milan, who allowed them to return to the French lines as an honor guard for the body of Captain Danjou. The captain had a wooden hand, which was later returned to the Legion and is now kept in a case in the Legion Museum, and paraded annually. It is the Foreign Legion’s most precious relic.

So, 90% of your men – dead.  Surrounded by 3,000 Mexicans.  What do you do?  Fix bayonets and charge.  All six of you.

When I was a freshman in college, Caller ID hadn’t been invented.  We called the local bowling alley:

Juvenile Us:  “Do you have 12 pound balls?”

Bowling Alley Dude:  “Yes.”

Juvenile Us:  “Then how do you walk.”

Bowling Alley Dude:  “I don’t.  I strut.”

Yes.  This really happened.

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This is his hand, along with some drawings of the event.  Totally tough dudes, and they still have the hand – it’s not lost in a desk drawer or a moving box like it would be if it were in my house.

And even though the six Foreign Legion guys didn’t work in a bowling alley, they could certainly strut – they had displayed amazing, bowling-ball-sized bravery.  How?

Surrounded by 3,000 Mexicans – they attacked.  They knew that they were dead.  They were living on borrowed time.  So they did the only thing they could – they made the most out of every last second.

evil cat

We tossed it out.  As soon as it started the blackmail notes.  Which were not written in English, but were written in mouse blood.

We have an awful, awful cat.  It started out as an inside cat, but was such a mess (evil in more than the usual cat way) that it became an outside cat.  One night The Mrs. and I pulled up in the Wildermobile®.  We saw our awful, awful cat outside.  It had a mouse.  The mouse was totally alive.  The cat was torturing it – allowing it to think that maybe, just maybe, it would live.

The cat had the mouse between both of its front paws – the mouse was on its back.  Evil Cat moved its paws away.  Rather than run, this mouse jumped up and bit the cat on the nose – hanging on until the cat managed to shake it off.  I hate most mice, but I really love that one mouse.

The mouse didn’t get away.

But you’re not a samurai facing other samurai.  Or a member of the French Foreign Legion facing insurmountable odds at an isolated desert outpost.  Or my friend at work who won’t take his dream car out on the road (and, I’ve given him crap about that, so I’m not tattling on him on the internet).

samuraicat

Yup, best decision ever.

I’ve tried to make this point before – and I’ll keep doing it – we don’t have much time on Earth, but we act like we have forever if we’re only careful enough.  And being too careful . . . it ensures that we achieve far less than we are capable of.  Yes, charging 3,000 Mexicans with your five best friends is a sure way to die.

But half of those Legionnaires did live.  And they lived a life of glory – they ran at the guns and lived.  They didn’t shy away from destiny – and an entire nation – not their nation – reveres them to this day.

I often make this point, and during future posts will probably make it again:  We are all living on borrowed time.  Each second on this planet is one less second we’ll have in the future.  Don’t wish your life away.  Don’t settle for spending time with your nose in an iPhone® MyFace© feed.  When we amuse ourselves with our media, we are using time we could have been achieving . . . amusing ourselves.

Thankfully, we all have kitties so we don’t have to worry about our impending doom or the lack of achievement in our lives (warning – has one use of the “f” word):

Friendship and Health – and When Friendships are Made . . .

“How come you don’t hang out with your friends no more?” – Repo Man

 kermit direction

Kermit knows that friends don’t tell friends to drive into the mouth of an active volcano.

I read a joke the other day:  “Why don’t we read about Jesus’ other miracle very often?  I mean, what guy has 12 close friends after the age of 30?”

It’s true.  And it’s the post topic for healthy Friday.  Why?  Because we need friends to be healthy.  And we need friends to help us hide the bodies.  What bodies?  Who said anything about bodies?  My lawyer certainly says I don’t.

This post was originally going to be the second part of my post from Monday (LINK), but when I tried to put them together, it was sloppy, horrible, and I ended up having my hands stuck to my eyebrows with literary Super Glue®.  The parts just didn’t fit.  Or they didn’t fit when I tried to smash them together last Sunday night.  The nouns, gerunds and library paste wouldn’t keep it together.  At least not at 2AM.  But it’s important to talk about.  Why?

There’s a huge connection.

Something about the friendships you make when you are between the ages of 10 and 16 is . . . magic.  And I think the thing that makes it magic is the years from 10 to 16, those six years . . . are (on average) about 50% of your life.  And the specific 50% where you learn how to be mean.  How to be hurt.  How to feel shame.  How to feel triumph.  How to buy beer when underage at the 7-11© at the outskirts of town . . . .

The Mrs. and I (okay, mainly The Mrs.) used to watch a show where addicts would be confronted by their family in order to convince them to not be addicts.  They went through the lives of the addicts – in almost every case, the addict had insufficient parental support (or some sort of tragedy) between the ages of 11 and 14.  Very specific.  Each story didn’t rhyme – it was nearly life plagiarism.

Something happens in that part of your life.  That really, really long part of your life.

Hormones kick in.  And every emotion is fresh.  New.  The crisp morning air?  That first morning when you walk out to your car and, for the first time, see frost on the window?  HOW COOL IS THAT?  After a few thousand times, the frost becomes . . . another thing you have to deal with.  Again.

You only get one first kiss.  You only get one first walk hand in hand (or hands in tentacle if you’re a Lovecraftian monstrosity) with your girlfriend.  The newness is huge.  And the friendships are closer.  Why?  How many times will you climb the water tower in your town to paint it?  Well, not at all now, because Homeland Security would probably take you to Gitmo® for putting your name on the water tower.  Because . . . terrorism?

First dates.  First breakups.  First . . . everything.

Anyway – your life is so very full of firsts.  The psychological impacts are massive – and the need for parental support is likewise massive.  It’s nice to have the support of people that are genetically connected to you (LINK) and understand you.  Probably.  We Post-Modern-Vikings seem to be somewhat erratic.  I digress.

This time of your life was difficult.  It was new.  It was a struggle.  But it was yours.  And your friends from this time had several attributes – they didn’t want anything from you.  They just wanted you.  They wanted to jump in your car and head to the party place and find the guys who couldn’t let go of high school and had a keg of beer.  And why not?  Life stretched out forever.

Until it didn’t.

I have had several rare opportunities – I’ve reached out to friends from the past who I finally found due to Internet searches (I’m not a bit Facebook® fan) and talked to them.  And we restarted right where we left off.

The Mrs. talked about some psychological theory where people related to their friends . . . forever, in the same way they related to each other when they first formed their relationship.  So, you’d always be tied into that same social hierarchy.  You’d always be friends in the same way you were when you first formed that friendship.

Amazing.  Psychological ties to your friends are rooted in multiple dimensions – they are rooted in your common origin story (like when Wolverine® met Cinderella™!) and your common goofiness.  Also?  Your love of songs that were popular when you were at your absolutely stupidest.  Like 13.

Thankfully, nobody remembers where those bodies are . . . .

Ash Vs. The Evil Economy, Male Underwear Purchases

“Alright you Primitive Screwheads, listen up! You see this?  This is my boomstick!  The twelve-gauge double-barreled Remington.  S-Mart’s top of the line.  You can find this in the sporting goods department.  That’s right, this sweet baby was made in Grand Rapids, Michigan.  Retails for about a hundred and nine, ninety five.  It’s got a walnut stock, cobalt blue steel, and a hair trigger.  That’s right.  Shop smart.  Shop S-Mart.  You got that?” – Army of Darkness

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Yes, these are the grooviest underwear in the world.  And yes, I wear them all the time.

The world truly is a web – it’s very interconnected in ways that are obvious (snowy airports slow down planes and mess up your travel plans due to Cleveland.  Cleveland!) to less obvious (gold drops in price during a stock market crash because all asset classes are impacted) to obscure and sometimes counterintuitive ways (a drop in men’s underwear sales indicates a huge drop in discretionary spending and a commensurate rise in skidmarks).

When I was younger, it seemed like the economy was tied to regions – the south might be doing well while the west was in an economic slump.  One time we had a family stop in our driveway to ask for a cup of flour so they could make gravy at a campfire as they drove from some backwater southern state to California.  Pa Wilder got them a cup of flour and some other things, canned goods and such – the little girls in the back of that beat-up car looked very small as their parents struggled to find an opportunity that would give them a future.  (Yes, that image has always haunted me – I’ll never know how that story turned out.)

More recently, the national economy of the US has acted more like a single unit and less like a group of regions.  Part of the explanation for “why” is banking.  The world we live in now of large banks crossing state borders is relatively new.  Banks, previously, had been firewalled and your account wasn’t with CitiFargo®, it was with a specific bank building in a specific town.  One time I had to cash a check in a major metropolitan area (I was quite young).  I tried to cash it at a bank with the same “name” – but it turned out that unless I went to the “main” bank the check was written to, I could not cash the check (for whatever reason I needed cash, not a check).

So, instead of hundreds of banks acting independently, we’ve created a small number of ever larger banks (the top three banks in the United States have over $6.5 trillion in capital – more capital than the next twelve in size have, and almost as much money as the US government spends on cream cheese each year) and these very large banks operate nationwide.  So, rather than having your loan denied by the local banker, an algorithm in a computer in a databank in New York denies your loan.  I’m kidding.  If you’re breathing, you can get a loan.  Take as much as you want.  We’ve got your children, too, right?

Now the economy, and the loans, move more as a unit.  Other pressures creating the web include the increasing specialization and centralization of manufacturing across the globe.  Today, more goods are manufactured farther away from their final use point than at any point in history, increasing the economic connections across the world – over 50,000 (not a typo) factories closed in the first decade of this century in the United States.

Those global trade connections create immense wealth as trade flows across the world, but they also create a significant risk that’s never existed before – the idea that economic activity in China could devastate the United States, or vice versa.  It may sound far-fetched, but the Federal Reserve’s monetary policy coupled with food aid programs plus ethanol’s mandated use as a gasoline additive led to the Arab Spring and the current civil war in Syria.

Huh?

Yeah.

The Federal Reserve, in order to stimulate the economy of the United States, dumped massive amounts of money from helicopters.  Just kidding.  They gave it to their friends.  Anyway, this massive dump, known as Quantitative Easing, caused the prices of food to go up everywhere in the world, especially in the Middle East.  And food aid programs (along with geography) actually lower the number of people engaged in farming.  How is that?  Well, if you farm and do really well in Egypt, you have to compete with free grain dumped in Africa.  How do you compete against free?  You don’t.  But since the United States started mandating that ethanol be added to gasoline, it’s lowered the amount of food available.  Why?  Because the only way to make ethanol is to use stuff we could either eat or feed to some nice fat cow to make steaks.

It sucks to be Egyptian.  It sucks more to be Egyptian when the prices of food go out of sight.  The result of hungry, angry people?  Rebellion, revolution.  It’s ongoing in Syria.  And it’s certain that over 500,000 people have died in the various conflicts after the “Arab Spring,” which was brought about . . . due to economic policy, “free” food, and food turned into car fuel.

Pulling at one bit of yarn in the sweater will end up unravelling the whole sweater – it’s all made of the same yarn.  The global economy is similarly connected.  And in order to make it more profitable, we’ve made it more efficient.  Efficiency is good, right?  Sure!  The factory goes from one shift to three, and produces almost three times as much stuff if it goes 24 hours per day.  But by doing that, if we lose that factory, we’ve lost three times as much production as if we’d done it inefficiently.  A natural consequence of efficiency is higher profits.  A side effect of efficiency is higher overall risk – the system is working at nearly full capacity, so the loss of any significant component places the system in deficit.  There’s a shortage somewhere if the system runs into trouble.

That explains why the two Gulf Wars brought about huge price increases in oil – the system had to raise prices to allocate the oil to the most important (or richest) users and the world oil production system simply does not have “instant” capacity that can be added – the lag between supply and demand is measured in years.  The price of oil acted as a retardant on the rest of the economy – a friction.  Like a tax, it raised the price of everything that required energy to produce and ship – in short, all material goods were impacted, but nice sunsets were still free.  Businesses that lived at the margin of profitability disappeared.  Men’s underwear sales went down – yes, this is literally the last thing that gets purchased in tough times – no matter how bad, you can always wear the underwear another week (skidmarks and all).

But failed businesses don’t pay a paycheck.  And newly unemployed people don’t eat out (or buy underwear) – even McDonalds® sales plummeted during the last big recession.  And so McDonalds© doesn’t hire people.  Those people don’t go to eat out, either.  It’s failure.  But it’s a failure that leads from one failure to the next, like dominos knocking each other over – something nerds call “cascading failure.”

How bad was the last recession?  Certain sales in basic chemical precursors . . . stopped.  Credit dried up – why would you lend to someone who might be going bankrupt?

Here are some actual examples that I was aware of during the 2008-2011 collapse . . .

  • At some point – sulfuric acid production in the United States . . . stopped. Sulfuric acid is known as the “king of chemicals” because so many, many things depend upon it, like The Mrs.’ glass eye or her prosthetic leg.  I know one producer of sulfur stopped producing for over a month.  Why?  No one would buy sulfur – at any price.
  • Rail cars stopped being useful. On my 18 mile drive to work, I passed by (mainly) open line railroad.  There were a few miles of siding (siding is the place where they switch cars).  I noticed that the siding began to fill up.  And it filled up further.  Pretty soon there were miles (literally miles) of railroad cars sitting – not moving.  Not moving any product.

What happened?  We ended up putting 480 volts through the heart of the American economy with borrowed money and jumpstarting Frankenstein back to life.  I’m not sure that we can do that again.  The debts are higher.  The excesses are greater.  The PEZ™ supply is at a 20 year low.

Thankfully, they still ship ammo by mail.  And I’ve got some really great underwear that will probably last for a long time.  Does your underwear have chainsaws, shotguns, skulls and “groovy” on it?

Yeah, I didn’t think so.

Debt is Awful, But Useful Sometimes?

“You won’t Iose the house. Everybody has three mortgages nowadays.” – Ghostbusters

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This is a picture of The Boy, circa a long time ago.  His head no longer looks like a plastic fern after about seventy plastic . . . fern surgeries.

Pretty soon after I started dating The Mrs., things started to get serious.  As such, I sat her down and had a meeting.

(FOR NEW READERS:  The Mrs. is either my wife, or a very advanced schizophrenic construction who has given birth to two children like something out of Bladerunner or Total Recall or Man in the High Castle but they’re not really my children but maybe tiny robots who are programmed to kill me if I ever recognize they are robots.  Did I just make a huge mistake??)

John Wilder:  “I need to tell you a couple of things.  Sit down.”

The Mrs. To Be sat down.

John Wilder:  “The first thing is that I chew tobacco.”  (I don’t anymore.)

The Mrs. To Be:  “Okay.”  Not really surprised.

John Wilder:  “The other thing is that, besides being tall, blonde, muscular and eminently desirable to all women throughout the Northern and Southern hemispheres (but strangely repellent to those in one particular tiny town in South Dakota – I think it may be something bad in the water there), I am horribly in debt.  Outside of the mortgage, I have tens of thousands of dollars in credit card debt.  And tens of thousands of dollars in student loan debt.”

The Mrs. To Be:  “Whew – I thought you were going to tell me you’d been in prison.”

Thankfully she had a low bar.  And that she wasn’t from that town in South Dakota.

Where did I get the debt?  The old fashioned way – a little bit at a time, then all at once.

  • The student loan debt came from college. And college really did get me a great job – one where I had huge opportunity very early in my career.  Thankfully I had about 20 years that I could keep paying on that.  Because everyone wants a debt they can count on for decades.  Right?
  • Then there was credit card debt. Nearly enough for a new Corvette®.  Most of the credit card debt had been used to finance my divorce.  If there is ever anything worth paying 18% interest on, it’s a divorce.  I may not have a Corvette™, but I also don’t have my ex-wife.  How many Corvettes© is not having her around worth?  All of them.
  • Oh, and I owed on the house – that really didn’t count, since I’d been in it long enough to have enough equity in the house to balance out the amount I owed. I could dump the house if I needed to.  And there was no need to park a Corvette© in the garage.

A month before we were married, The Mrs. and I also bought our first car together.  It was a brand new car.  When The Mrs.’ old car gave up the ghost, we bought a brand new truck.

We could afford it, right?  It was only $600 a month!  Oh, wait, plus insurance.

In retrospect, it was those cars that made me hate debt and analyze every precept I had about money.  Pop Wilder had always purchased new cars.  Pop Wilder was successful.  I came up with the idea that Pop Wilder was successful, and thus successful people always bought new cars.

Going into debt on those two new cars was the mistake that made me re-evaluate my assumption.  (Hint – I was horribly wrong, and I go into my car-related idiocy and the rules I learned in detail at this LINK).  For the record – I was spending about $6,400 a year in cars before I stopped buying new cars.  Afterward?  My average spend on cars is $1,800 per year since then.  And zero money went to interest payments.  Because I paid with cash.

The debt became oppressive.  We were scrimping every month, and getting by on as little money as possible each week.  Steak?  Only when on sale.  Otherwise?  Burger.  Or tuna.  Or beans.  Or sometimes just mac and cheese . . . .

Thankfully, The Mrs. wrecked the truck while going to get me fried chicken four years later.  I took that money (not from the chicken, from the insurance payout on the truck) and paid off the car with The Mrs.’ blood.  I never did get chicken that day.

One problem down.

We also did a complete refinance of the house.  Since there was equity, we used that money to pay off most (but not all) of our credit card debt.  Did I mention that divorces are expensive because they’re worth it?

We scrimped.  We saved.  We had strict limits on Christmas spending.

And finally, four years after we decided that debt sucked, I wrote the last check to pay off the last credit card debt I’ve ever had.  A decade later, I’d sent my last student loan payment in.

Some of the lessons I’ve learned:

  • You can’t afford a new car. I can’t afford a new car.  New cars are for suckers.  If you want a new car, come to my house with the money that you’d spend on one.  I’ll buy you a used car, and burn the rest of your cash for a nice bonfire.  After we used some of it to buy beer.
  • Student loan debt is good, if used for a degree that gives you money. Anthropology?  Art?  French literature?  Medieval midget hammer fighting studies?  No good.  Engineering?  Finance?  Accounting?  Probably good.  Hint:  if the degree has “studies” in the title, it is scam for Marxists to take your money and buy themselves nice things.  If it doesn’t require calculus?  It’s not college, it’s high school with beer.  Downside of student loans?  You have to either pay them off or die for them to go away.  Bankruptcy is an option, but student loan debt survives bankruptcy.  That sounds like a scam, too.  If your degree was good, banks would invest in it . . . . Let’s face it:  student loans are like Star Wars® – they keep coming back even when you don’t want it and you have to live with them.
  • Credit card debt is awful. The interest rates are high enough that Henry VIII would have executed you for trying to charge them, though admittedly that’s a pretty low bar, since snoring too loudly could have had Henry sign the death warrant.  Use only in a last resort.   Like a divorce.  Or a really cool sale on PEZ® dispensers.

So, the question is simple.  “How did it turn out?”

I don’t have a new car.  I haven’t had one since Clinton was president.  Maybe when Chelsea is president I’ll get a new car.

My student loan debt is paid off.  I had the option to pay it off, but when the next “Payment Due” date was December 21, 2012 showed up, I decided I’d not pay it.  Why?  If the Mayan® calendar was right, I’d want to die owing them the money.  (Spoiler alert:  The World Did Not End in 2012)

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I haven’t paid interest to a credit card company since my children have been alive.  Or do I have children?  Or are they robots?  If they’re robots . . . they suck at cleaning their rooms.  I hope Elon Musk will make better robot children.