Casualties Of War: Africa, A.I., India . . . And Europe?

“I had the titular role in Out of Africa.” – Upright Citizens Brigade

Will that work?  I have my droughts.

World economic systems are straining due to the current IAI (Israel, America, Iran) war.  One of the lessons learned from previous economic crises is that issues show up at the weak points first.  Back during the Arab Spring in 2011, people in the Arab world were revolting.

I mean rebelling.

One big driver was the inflation that had hit the area.  What caused the inflation?

Well, money printing in the United States due to the 2008 Great Recession had finally spread internationally to the Middle East.  Certainly, the Middle East is already as stable as a methed-up stripper ex-girlfriend whose rent-check just bounced, so adding vodka to the mix didn’t help.

Countries burned.

They overthrew their governments, and when they didn’t like the new ones, went and got the old ones back.  This was caused at least in part because the Arabs were hungry and food was too damn expensive.  Can’t farm the desert, so might as well blow the place up.

Which they did.

Once again, the Middle East is center of worldwide economic stress and it’s moving quickly across the world.

Bigfoot is confused with sasquatch, yeti never complains.

In Australia, they’re running out of something they call petrol.  If only they knew about gasoline!

In India, they’re running out of fertilizer so it will be difficult to line the streets with poo.

In Taiwan, soon enough they’ll be running low on helium, which is a byproduct of natural gas processing.

Helium?

Yeah, they need lots of helium to make computer chips so that you can make Internet cat pictures that are photorealistic plus I think they huff it a lot which is why they can’t pronounce “R”.  Regardless, here’s an A.I. cat for you:

But one place that will certainly be having difficulty is Africa.  Africa is the basketcase of the world.

Why? For starters, Africa imports 85% of its food.

85%.

85%.

Why? Farming is apparently too hard, and whenever they have a few white people farming and feeding Africa, black people decide they’ll take the magic farm and get rich.  Except they don’t. Lush, productive farms fall into disrepair, but, hey, the Africans who looted the place ate for a day.

Not only that, their governments are also basketcases.  In almost every country, the government requires copious amounts of foreign aid to get anything done.  I’d make more fun of them, but then I think about our budget deficit and go, “Oh, yeah, at least in America we know some payday lenders.”

So, since they have to bring in food and can’t care for themselves in any way at all, at least they’re doing the responsible thing by keeping their wombs from being clown cars and not having hundreds of millions of children that they have no way to feed, right?

No. They’re turning their wombs into clown cars and having hundreds of millions of children that they have no way to feed.

And, of course, they’ll blame us.  In this case, they might be right.  We’ve taken a group of civilizations whose only actual contributions to the world are raw materials and AIDS and given them medicine and food.  Since the entire continent has been in super-fertile rabbit mode since forever (r/K biology –link below), what did they do with effectively unlimited food and a drastically reduced child mortality?

r/K Selection Theory, or Why Thanksgiving is Tense* (for some people)

Breed.

They’ve gone from a reasonable 10% of the population of the world when I was a kid to more than double that today, as the world population has doubled.  They double-doubled.  And they were starving and dying when I was a kid.

Regardless, it’s like someone turned on the “African-making machine” and left it on overnight.  For decades.  And, their population is projected to be some silly number like 40% of the world’s population by 2100.

(as-found)

But that will never happen.  Why?  Because a big crisis, like the one we’ll be seeing soon due to the IAI war, will simply remove the excess wealth that sends medicine and food down to Africa.  We all know what happens next:  the senseless deaths, the violence, the revolutions, the cannibalism.

Oh, wait, that’s Africa when things are going well.  Things will soon enough get much darker on the Dark Continent as the wealth spigot dries up.  I can’t imagine that Europe will continue to absorb them there, either, but then again I never thought the West would be committing collective cultural suicide like it is today.

Sadly, not AI or a horror movie. (as-found)

The IAI war isn’t some far-off desert dust-up that only affects oil futures and late-night cable news.  It’s a live-action stress test on every fragile supply chain we’ve built since the last big reset.  Oil tankers with $100,000,000 cargos reroute around the Red Sea like it’s a game of dodgeball with $3,000 drones.  Grain ships that used to feed half the planet now sit idle or pay pirate insurance that would make your mortgage look cheap.

Fertilizer plants in Europe and Asia that run on Middle Eastern natural gas?

Yeah, those are suddenly “strategic assets” instead of just boring factories.  The ripple hits the weak points first, just like it always does.  Australia’s petrol shortages aren’t because they suddenly forgot how to drill and can’t figure out how to spell “gasoline” it’s because the tankers that used to show up like clockwork are now playing naval chicken in the Strait of Hormuz.

India’s fertilizer crunch?  More natural gas.

And Taiwan’s helium?  That’s not some niche nerd problem.  Helium keeps the fabs running so your phone can update and your cat video can render in 8K.  No helium, no chips.

No chips, no economy that looks even vaguely modern.

It’s all connected, and the connections are fraying faster than a cheap suit at my uncle’s funeral.  Africa just happens to be the thinnest thread on the whole sweater.  They don’t grow enough food to feed themselves on a good day.  They don’t manufacture much beyond raw materials that richer countries turn into actual products.  Their governments run on foreign aid the way a junkie runs on his next fix.

And while the rest of the world was busy printing money and inventing new genders, Africa was busy doing what r-selected populations do best when you hand them calories and medicine: exploding in numbers.

The math is brutal and it doesn’t care about feelings.  When the aid stops, when the container ships prioritize Europe and Asia over charity runs to the Sahel, when the NGOs pack up because the insurance premiums are higher than their budgets, the party ends.  Not with a polite “thank you for the fish,” but with the kind of scenes that make Arab Spring look like a polite disagreement at a PTA meeting.

Who has two thumbs and a poor grasp of visual humor?  This guy. (as-found)

We helped create the conditions.  Not out of malice, but out of the same soft-hearted, soft-headed Western instinct that says “we have extra, so let’s share.”

We shared vaccines.

We shared grain.

All this while infant mortality plummeted and fertility stayed at levels that would make a rabbit blush.

The result?

The bill is coming due, and the IAI war is just the guy in the suit who shows up to repossess the furniture.  Europe already has its hands full with the last wave.  America is staring at its own debt mountain and wondering why the grocery bill looks like a car payment.  Australia and India and Taiwan are discovering that “just-in-time” supply chains work great until the “just-in-time” part becomes “just-in-case the war lasts another six months.”

The weak points crack.

Then the stronger ones start groaning.

Then the whole system starts looking for someone to blame.

The Dark Continent is about to get darker.  Revolutions, famines, the whole greatest-hits album of human misery played on repeat.

(as-found)

And the rest of the world?  We’ll be too busy trying to keep our own lights on to send another aid convoy.  And I worry the most about rebellion here.  Especially among the cows.

I can’t abide a mootiny.

The Double Debt Mountain of 2026

“It’s just a metaphor, dude.” – Guardians of the Galaxy

I had bad credit, so I asked my high school geometry teacher if she’d cosine for me.

The economy looks “fine” on the surface.  Fine, that is, if you believe the headlines.  I sense, though, underneath it’s a double debt mountain that’s getting closer to a landslide every day, and someone is planting bombs along the slope.  Okay, that’s a lot of metaphor.  Let me see if I can pilot this ship home.

Damn.  Another metaphor.

One bomb is the wallets of the kids.

The other bomb is in Washington.

Both are set to blow up the same people:  Millennials and Gen Z, generations already hammered by housing costs, stagnant real wages, hordes of legal and illegal aliens soaking up employment, and women who forgot that the main reason they exist is to make more humans.

Good news?  Yeah, there’s a tiny sliver.  Credit card delinquencies on some non-housing debt leveled out in late 2025 according to the New York Fed®.  But that’s like saying the fire department showed up and has the fire down to burning one house an hour in the neighborhood.  The real picture is as ugly as an Antifa swimsuit pageant.

Yeah, it’s grim.

And all of their older women are coming down with prostate cancer.

Credit cards have become the new paycheck for millions of young Americans, and new companies have shown up to monetize even the smallest debts.  Want to go to Taco Bell™ and pay for that Super Crunchwrap Supreme Bellgrande™ over the next six months?

You can do that.

Total credit card debt hit a record $1.28 trillion in 2025, up $44 billion in just three months.  That’s not a blip:  that’s paying for groceries on credit cards and only paying the minimum monthly payment.  Delinquencies on household debt overall jumped to 4.8 percent, led by the kids.  For people under 39, the transition into serious delinquency on credit cards is nearly double the national average.

Surveys show 56 percent of Gen Z are forced to use cards just to make ends meet because prices keep climbing.  Sixty-six percent of Millennials say they rely on plastic to get through the month.  Thirty-five percent of Millennials are carrying more than $10,000 in card debt.

Credit card debt, the gateway drug of insolvency.  Sure, payday lenders and “buy here, pay here” car places are the crack cocaine and meth of debt, but it all starts somewhere.

Gen Z is running around $3,500 in average balances, while Millennials are pushing $7,000.  They’re not buying yachts or avocado toast, they’re financing groceries, gas, and rent.

It’s Avocado’s number.

Here’s why this mess is worse than it looks:

First, real wages aren’t keeping up, and the system is rigged against the young.  Gen Z and Millennials entered the workforce during the pandemic hangover, got crushed by housing prices we already talked about, and now face interest rates that make every purchase a long-term loan.  The GloboLeftElite told them to “follow your passion” and rack up student debt for useless degrees that qualify them for entry-level retail jobs in malls that don’t exist anymore.

And they listened.

Credit cards fill the gap at 20-25 percent interest.  For those that didn’t choose wisely and avoid jobs taken by Jugdish, life is not luxury.  It’s debt, roommates, and used couches that smell vaguely of fish.  Forever.  One bad month due to a mandatory car repair, unexpected medical bill, or if Egyptians convince them to invest in a pyramid scheme, and they’re in the hole they can’t climb out of.

Chuck Norris had a grizzly bear carpet in his bedroom.  It’s not dead, just scared to move.

Second, banks and card companies love debt.  People don’t get poor because they don’t make enough money, they get poor because they give it away to everyone else:  ask the Amish.

Banks are making fat margins on revolving debt while pretending everything is peachy.  Delinquency rates are rising, but not fast enough for the suits to panic yet.  They know the game:  extend and pretend and as long as we get this quarter’s bonus, it’s all copacetic.  Just like with the housing market in 2008.

Meanwhile, the official unemployment rate looks fine because more paper-pushers are getting hired in the last growth industry:  government jobs.

The real economy?  Productive private-sector work is stagnant.  Young people are borrowing to eat.

Third, this consumer debt bomb feeds right into the bigger federal debt bomb.  Washington has its own plastic problem, except it’s measured in trillions.  National debt sits north of $38.5 trillion.  Net interest payments are projected to hit $1 trillion in fiscal year 2026 and interest payments are already bigger than defense spending in the first quarter of this year.

Interest already eats 19% of all federal revenue.  By 2036, CBO says it doubles to $2.1 trillion and consumes nearly a quarter of everything the government takes in, but the CBO is always low, because they have to use the assumptions that Congress made up.  Yes.  AOC is responsible for the rules of the game.

But what do we want to spend our money on?

Defense?  Medicare? Infrastructure? Sorry, the interest check has to clear first.

What you get when you cross a human with a moose?  Arrested, apparently.

Fourth, the GloboLeftElite solution is always the same: print more, borrow more, kick the can.  National debt doubles every eight years.  The Fed and Congress act like debt is free because they control the printer and don’t have to worry.  Higher debt, though, means higher interest rates, which means even more debt service, which means . . . you get it.  It’s a doom loop.

Every time they “stimulate” to keep the economy looking good for the next election, they make the next crisis worse.  And who pays?  Not the politicians.  Not the connected class in D.C.

It’s the taxpayers, especially the young ones who haven’t built wealth yet, but yet were forced to watch the abomination that is Scrappy Doo™.

Fifth, the generational theft is obvious.  Boomers got cheap debt, rising home values, and that long summer of the 1980s and 1990s.  Oh, and pensions that actually worked.  Millennials and Gen Z get 24 percent credit card APRs, $1 trillion in federal interest payments crowding out future programs, and a promise that “we’ll import more workers” to fix the birth rate collapse caused by imported workers, interest payments, and . . .

Female empowerment.

Female hypergamy and economic despair already delayed families, and they’ve reached civilization-ending levels with Gen Z and Millennial female solipsism.  Now add maxed-out cards and a government that can’t even pay its own interest without borrowing more.

The kids who should be having kids are busy paying Visa® instead.

Before I was adopted, my selfies were called “family photos”.

The result? Gen Z and Millennials fall even further behind.  They delay marriage, delay kids, delay life.  Birth rates keep dropping.  The GloboLeftElite flips from “stop having babies, save the planet!” to “import babies, we’re not having enough!” in one generation because their policies broke the math.

Young couples look at the spreadsheet listing rent, cards, future taxes for Boomer pensions and federal interest and decide “maybe later.”

Or never.

But me?  Debt mountains?  Debt landslides?  I think I need to stop with my metaphors because they’re making me sneeze.  Metaphors really set off my analogies.

Iran So Far Away: Million-Dollar Bombs Versus $3,000 Drones and Day 23 of the 4 Day Operation to Liberate Iran

“This film is only for Madagascar and Iran, neither of which accept American copyright law.” – Bowfinger

I’ve heard that if a golf ball lands on a house, it’s scored as a home-in-one. (all memes as-found)

If you were sleeping under a rock (not the iRaq©, which has been officially purchased by Apple®) The United States and Israel dropped a surprise airstrike package on Iran like it was Amazon Prime® Day for regime change.

Supreme Leader Khamenei? Gone.

Nuclear sites? Smoking craters.

Military bases? Swiss cheese.

Iran fired back with hundreds of drones and ballistic missiles at Israel and pretty much every country in the neighborhood from Bahrain to Qatar. I’m especially offended by Qatar, because if a word has a “Q” in it, it should have a “U” as well. Qatar. That’s just wrong, man. It bothers me enough that I think they should kick Qatar out of the UN, but the argument against that is that it’s an unnecessary Qatar solo.

Vlad the Impaler’s favorite joke starts this way: “So this bar goes into this guy…”

Back to the war. Er, special military operation. It’s still early in the game, but in true 2020s fashion, the winners so far seem to be no one except the guys selling missile insurance and the printers at the Federal Reserve©.

Are we done yet? No, we’re not. So, let’s look at The Bad and The Good, at least so far.

The Bad

Energy prices are exploding upward faster than a Houthi suicide bomber on Red Bull®.

Oil is headed toward levels so high I won’t be able to bathe in it anymore, feeling the luxury of 10-W40 as it coats every inch of my skin. I remember when crude oil was cheap enough I could afford to fill my pool with it.

Sadly, those days are gone. Brent crude (a proxy for crude oil that shows up on a ship) is up over 40 percent since the strikes started. Analysts are whispering $110-plus if they have bought futures, and I’ve heard that it might go higher, still.

High energy prices act like an immediate tax increase on everything except paper straws in plastic wrappers in California. Periodically purchased Pringles®? Pricier. Pickles? Pricier. Plaster of Paris? Pricey. PEZ® is even presently a pretty penny purchase.

Oh, wait, pennies are too expensive to make.

I think King Arthur would be interested in this, since at either end they’d need a place to park, which would mean two places called Camelot.

Meanwhile the United States is burning through billions of dollars of precision munitions that take years to manufacture just to turn perfectly good Iranian concrete into expensive Iranian gravel. Concrete costs a few hundred bucks per cubic yard and you can pour a bunch in an afternoon if there are enough Mexicans around.

Our missiles? Millions per missile and the supply line is months to years for even the ones that keep missing the Iranian missiles.

I make it a point never to scream into a colander, since it might strain my voice.

Iran, on the other hand, is lobbing $3,000 drones that somehow managed to damage a $14 billion natural gas facility that took a decade to design and build. We brought a sledgehammer made of gold. They bring the fly swatter made of spite after decades of sanctions required that they work with nothing.

The policy is deeply unpopular with the American public. Polls show most people want nothing to do with this adventure except the tar and feather merchants who are prepping for higher tar prices, but think that feathers may come down enough so they can make a profit.

That face you make when you swap out something 80% of the American public are for versus something that 16% are for.

Iran is sucking all the oxygen out of the room and taking the focus off domestic issues like making beer cheaper or figuring out how to get illegal aliens and H-1B visa holders to stop turning the United States into either Guatemala or Mumbai.

Instead? We are arguing about whether blowing up another desert dictatorship is worth another trillion we do not have, which is gonna go great at the polls come November.

The Good

Every cloud has a silver lining, even when the cloud is radioactive fallout.

This mess is making my prediction (it’s in writing here on the site, but I’m too lazy to look it up) that the national debt doubles every eight years look less like a prediction and more like a weather forecast. In truth, it is that, since I can do math and see that, yeah, every 8 years the national debt has doubled since 1973.

The bright side of this debt? At least half of us get shiny new dollars to spend every eight years instead of those boring old dollars. Inflation is just another word for free money!

Last year, I could walk into the store with $100 and walk out with 50 pounds of ribeye. Not now. They installed security cameras.

I have been rough on Qatar so far, but one citizen from that nation may be of use in regime change in Iran due to the dire straits of the current situation. They should check out Qatar George, he knows all the Kurds.

If we play our cards right, Iran may follow through on its threats to take India, Africa, and the Pakistanis off the Internet, and remove them from all electronic communications. Hey, that is a public service more useful than anything Congress has done in years. No more spam scam calls from overseas call centers.

As a bonus, Pakistan has already hinted that since it cannot hit the United States directly it will nuke India instead if things get spicy. So, what exactly is the downside of that?

India would probably try to scam free Internet from Australia, which would come from a LAN down under.

Another bright spot is that we now know that Chinese air defense systems are as effective as barbells on a space station. Iran uses plenty of Beijing’s hardware and it did not exactly shine against American and Israeli jets. People in Taiwan should sleep easier tonight. If the Chinese who would invade them are equipped with the same made-in-China wonders, the invasion fleet might sink when it hits the water.

Shipping is getting a makeover too. Many tankers are now taking the long way around Africa instead of the Strait of Hormuz. This will be nice because it will allow cheese to age properly on the extra weeks at sea. Real cheddar needs time, and is not a rush job. The downside? Somalian pirates will not be able to steal and hijack as much cargo, so they will be forced to open more Learing Centers®.

Melons have traditional weddings. They cantaloupe.

Finally, what happens if the A.I. boom collapses because the market tanks and liquidity dries up? This is perfect. The Federal Reserve© could print even more money to paper it over. Then they could roll out trackable Central Bank Digital Currency to replace the failed dollar. Who could lose with that? My every purchase monitored for wrongthink while the dollar dies like a good idea on Facebook®.

It’s a win-win for the surveillance state, we’re all poor and can’t have privacy!

The real bright spot after all this is that I did find out the difference between Qatar and Abu Dhabi. In Qatar, watching The Flintstones is not allowed, but the people of Abu Dhabi do.

The Housing Mess of 2026: At Least We Have Ramen

“They’re only noodles, Micheal.” – The Lost Boys

I entered a contest and won a lifetime supply of ramen.  I took the $20 instead.

Let’s start with the sliver of good news, because in this market it’s rare enough to mention:  Many illegals have left the country.  Not enough, mind you, but enough to show just how fake this economy is.  The result is real.  Rents are down where illegals live.

At least a little.  I found a great place to rent, fully furnished, but then the clerk told me it was a liquor store.

Sigh.

The Department of Housing and Urban Development to straight-up say illegals drove up to two-thirds of rental demand growth in recent years, so when .gov admits the problem, you know it’s really worse.  After years of unrestricted immigration flooding the rental market, the brakes got tapped.  Studies show that renter household growth cooled once immigration restrictions hit.

Average rent that hovering around $2,000 a month are finally showing some give instead of the nonstop 36% climb we saw the last five years.  This is, at least a small win for the working guy who just wants to keep the roof over his head while he eats ramen and smokes recreational weed.

Now the bad news.

And there’s plenty of bad news.

Housing is now unaffordable to Gen Z, and it is far worse as a percentage of their income than for any previous generation.  67% of Gen Z adults say they’re struggling to cover housing costs. That’s higher than Millennials (53%), Gen X (54%), or Boomers (36%).

When I grounded my Gen Z kids, their punishment was to go out and socialize. (meme as-found)

Homeownership for Gen Z sits at just 27.1% in 2025 data rolling into this year, which is a tiny bump from the year before, but miles behind where previous generations stood at the same age.  Zoomers need to earn over $112,000 a year to afford the median house.

The problem?  Median household income lags by about $25,000.  Nearly two million young households simply vanished from the market in 2025 because the math doesn’t work.  Housing is chewing up 40-50% of take-home pay.  That’s not a stepping stone to a family and 2.6 kids.  That’s a millstone.

Let’s delve deeper into the problem.

First, housing areas are limited, and the mass blight of urban hellscapes led to the creation and flowering of suburbia, where people could move and raise a family in relative safety.  Let’s be honest, a huge part of suburbia was economic segregation from . . . economic factors.  Suburbs?  You have to have a certain income level to live there.

When I think about the meaning of life, I think about three factors:  2, 3, and 7. (cartoon as-found)

Good schools.  Low crime.  Space to breathe.  No economic factors.

That flight from the cities created the demand, but supply never kept up.  Zoning, NIMBYs, and decades of stupid policy turned safe family neighborhoods into a scarce luxury good.  Housing prices have risen much more than inflation. While wages wobbled along like me on a Saturday night, home values sprinted like me out of the office on Friday afternoon.  Suburbia went from attainable dream to gated fortress most young people can only stare at through the fence.

Second, interest rates are up.  That’s the sort of thing that happens when the cash printer is on high and the oil pump is on low.  Higher interest rates lead to higher home costs for the same price house, as interest eats up more and more of the (now higher) payment.

Mortgage rates eased to around 6.2% by the end of 2025, but that’s still double the pandemic-era giveaway lows.  A $400,000 house that felt doable at 3% now demands a monthly payment that feels like indentured servitude.  Equity builds slower.  Gen Z runs the numbers on their phones and decide roommates, ramen, and the low-rizz life beat the alternative.

Third, houses are treated like an economic appreciation machine whose values never go down. This has led to many borrowers taking out loans near the peak value of their houses, and that peak value locks them in.  If they sell at a loss, they lose actual money, so they can’t sell for less than they owe.

We’re actually at an all-time high for the Google® search term “can’t sell my house.”  Google Trends just hit record levels in February 2026:  higher than 2008, higher than the COVID frenzy.  Sellers are frozen.  Buyers can’t bridge the gap.  The shut down like a date with a Kardashian when you tell them you’re broke.  Houses stopped being homes and turned into leveraged bets on eternal growth.

Markets don’t do eternal.

“There are no mistakes, just happy little accidents.”  Bob was a horrible nuclear physicist.

Fourth, banks don’t want foreclosures to hit the market. Why? It makes the rest of the loans in their portfolio worth less, so they’re incentivized to sit on houses rather than sell them and realize the loss on the books.  Foreclosure filings jumped 14% in 2025 to 367,460 properties, but that’s still historically low and banks are dragging their feet with modifications and delays.  How much of the current private credit crisis is due to just this?  My guess is:  plenty.  Those balance sheets are stuffed with crappy paper because it was different this time.

Fifth, those nice suburban houses with a thirty minute to sixty-minute commute are now even more expensive because the fuel to drive to where the jobs are at is much higher thanks to Gulf War IV. Or is it Gulf War VI?  I forget.  That suburban split-level two towns over suddenly costs a fortune just to reach.  The effective price of the dream just went up again.

The result of this mess is that Gen Z gets further behind.  The kids that should be having kids aren’t.  There are several factors to this, especially female hypergamy where every female (thinks she) is above average, but every male is below her standards.  But the sheer difficulty in having a home in which to raise kids is massive is also killing family formation.  No stability, no backyard, no “let’s start a family” talk that ends in anything but spreadsheets that fill with negative numbers.

Is a 4 with a 6-pack a perfect 10?

Birth rates keep dropping.  In one generation, we went from the GloboLeftElite telling us to stop having kids because “the planet can’t handle more!” to the GloboLeftElite telling us we need to import kids because we need workers.

They break the system, then demand more system to patch the system they created.  Young couples look at the numbers and decide “maybe later.”  Or never.  Unless they’re from (spins wheel) Somalia.  In that case, it’s free fun and prizes while you bring in an alien people with an alien religion.

The good news?

This type of mess always sorts itself out.  The cure for high prices is default and deflation.  If the market is too far cooked, well, look out below.  The United States doesn’t have magic dirt to turn Somalis into Americans, and houses aren’t magic wealth machines.  When enough locked-in owners and over-leveraged banks finally crack, inventory floods, prices reset, and affordability returns.

It won’t be pretty.  Foreclosures will spike.  Portfolios will bleed.  Credit markets may lock up.  The Google® searches for “can’t sell my house” will turn into actual sales at prices that make sense again.

I used to have a really funny polio joke, but no one gets it anymore.

A housing crisis wouldn’t be big for the country, would it?

Nah. Just trillions in pretend wealth gone, generational transfers halted, and the kind of reset that makes 2008 look like practice.

Prepare accordingly.  The reset is coming.

I’m glad I like ramen.

The Fourth Turning: Things Stay The Same Until They Don’t, or, Markets, Money Printing, and Earthquake Faults

“I am altering the deal. Pray I don’t alter it any further.” – The Empire Strikes Back

I always felt disappointed when I lost a model rocket as a kid.  I guess I have thrust issues. (all memes as found)

Am I the only one who feels like the Fed© has been auditioning to play Darth Vader® in the Disney™ Star Wars:  Sith on Ice cast since about 2008?

We’re well into the Fourth Turning® now, and Strauss and Howe laid it out clear as day:  crisis, chaos, and a whole lot of “what the hell just happened?”  And boy, did they ever deliver.

  • War grinding on in Ukraine.
  • Fresh conflict kicking off with Iran – airstrikes, oil price jitters, the works.
  • Tariffs flying like confetti at a parade nobody wanted.
  • February hits and we lose 92,000 jobs just like that.

Yet somehow the stock market just, well, keeps going.  The Dow® is still near all-time highs, but it’s less than 50,000 so I guess it’s okay to ask Pam Bondi questions about Epstein now.  The NASDAQ© is shrugging off bad news like it’s just another Wednesday.  Prices are steady.  It’s almost impressive.

Almost.

Here’s the thing that keeps me up at night: this steadiness isn’t natural.  I think it’s juiced. Freshly printed money, courtesy of the Federal Reserve® and its never-ending balance sheet expansion.  Tectonic shifts are happening everywhere:  geopolitics, energy, labor.

Pa Wilder always told me to not spend too much on headphones.  That’s sound advice.

Wall Street acts like it’s business as usual.  That’s not resilience.  That’s a managed decline wearing a happy face.

Think about it.  The real economy?  People are cutting back.  Groceries are heavier on the wallet, so families skip the steak and finance Encharitos© for six months from Taco Bell®.  Credit card balances are climbing while actual stuff bought is shrinking.  The money printing isn’t creating wealth it’s masking the fact that the purchasing power is evaporating for regular people on the things they need to buy all the time.

But cracks are showing elsewhere.

BlackRock™.  You know, the biggest asset manager on the planet.  Just recently they slammed the door on their own shareholders trying to pull money out of a $26 billion private credit fund.  Redemption requests hit 9.3%, so they capped it and only let a fraction of that cash out.

“Sorry, billionaires, no soup for you this quarter.  Live like a wagie and crowdfund that Nachos Bellgrande©.”

Things are so tight that the Vatican is allowing tithes to be paid via PrayPal®.

This isn’t some glitch.  It’s happened before with other funds, and it’s spreading.  When the biggest players start gating withdrawals, it’s not because everything’s fine and dandy.  It’s because the underlying assets are illiquid and selling them fast would reveal prices that don’t match the fairy-tale valuations on the books.

Translation: the music’s still playing, but the chairs are getting scarce.  Where does this end?

Well, first off, it doesn’t end. Not really. Not in the neat, tidy way the TV experts promise.  Markets and prices, and whole economies work a lot like faults deep in the Earth’s crust.  Stress builds up slowly for years, sometimes decades, with hardly any movement you can see on the surface.  The tectonic plates stay locked together.

Everything looks calm and stable.  Then one day the pressure becomes too great and it all snaps like a 1980s postal worker, an 8.3 on the Richter scale.  The ground rips open and the entire landscape shifts twenty feet in seconds while people are shaking like a stripper in a vat of melting ice cream just trying not to fall down.  I guess that was an oddly specific metaphor wrapped in another metaphor.

Anyway.

Sam told the orphans they should play Grand Theft Auto® so they can be wanted.

When the shaking finally stops, things don’t go back to where they were.  The new normal is permanently different.  And when we’re talking asset prices in our funny money dollars, that shift is almost always higher than before.  Markets do the exact same dance.

Silver prices?  Steady as the rocks they were mined out of for years at a time.  Stress builds quietly.  Then inflation, crisis, or panic hits and the price explodes upward and the new resting level is higher than before.

Same story in 2008-2011: $9 to $49, overshot, pulled back, never returned to the old lows.

Gold does the same dance.  Fixed at $35 an ounce until Nixon slammed the gold window shut in 1971.  Then the printing started and it flew to $800, crashed to $300, but the next plateau was higher.

2000s bull run led to $1,900 gold, then a pullback, then new records above $3,000 and climbing. Each release of pressure overshoots, then settles higher when measured in our funny money.

Silver and gold and assets are telling us the story.

The money printers are holding the fault lines, sort of.  The pressure underneath is still growing every day as silver and gold and A.I. bubble.  Meanwhile, debt, demographics, global realignment, and the whole Fourth Turning stew.

An oracle once told me I would hit my leg at school.  She was right.  It was my desk to knee.

If I were giving advice to a young person starting out today, here’s at least part of what I’d say:

  • Buy stuff that’s real. Physical silver and gold, every single year, with at least part of whatever you save. Doesn’t have to be a ton. An ounce of gold here, a few ounces of silver there. Stack it. Hold it. Treat it like insurance, not a get-rich-quick scheme.
  • Land if you can swing it and cover the taxes and upkeep dirt doesn’t print more of itself and if it blows up at least you own a hole in the ground.
  • Stocks? Sure, invest in them too, as long as there’s still a stock market that isn’t just a government-sponsored casino.
  • Diversify, but never forget: paper assets only work while the system that backs the paper holds together.
  • The real key? Build skills.  Learn to produce something useful.  Grow food.  Fix things.  Trade with neighbors.  Get out of debt that isn’t productive.
  • Avoid crowds. Get out of cities if you’re still there:  a year too soon beats thirty seconds too late.

Because here’s the truth nobody on CNBC® wants to say out loud:  the managed decline might buy time, but it doesn’t buy forever.  The money printing is papering over cracks that are getting wider.  When the next quake comes, and it will, gold and silver won’t just hold value.  They’ll ratchet higher again, overshooting on the way up, then settling at a new, higher plateau.  It’s default, but just enough to bleed you a little.

It’s the same pattern every cycle.  History’s a harsh teacher, and she doesn’t offer extra credit.

The Fourth Turning isn’t here to be fair. It’s here to reset.  The people who see the pattern coming, who stack real assets quietly every year, who prepare instead of panic are the ones who come out the other side with options.

There’s no way that this can go bad, right?

The rest? They’ll be financing their next Taco Bell® run on a maxed-out card while wondering why the market “suddenly” stopped cooperating.

Things stay the same, until they don’t.

Stack accordingly. And pray the deal doesn’t get altered any further.

Disclaimer:  I write funny things, and you should know that by now so this isn’t investment advice.  I do have positions in silver and gold, because I’m not completely allergic to reality.  Do your own homework. Talk to a professional who isn’t trying to sell you the next hot ETF® or his children.

Jugaad And The Mumbai Mafia

“India’s a black hole.” – World War Z

I never got scammed by the Nigerian Prince.  His version of Purple Rain was awful.

When I did the first Indian post, I didn’t expect to do a second.  And now, what, is this the third?  Why a third post?

Indians are speedrunning themselves into being the most hated minority in the United States.  And they’re doing it in record time, like they’re trying to beat the low score record on “Wheel of Karma®.”

Indians used to call themselves the “model minority.” Cute. But let’s be real, they never stacked up very well against the Swedish Bikini Team or the Japanese Waifu Squad.  Okay, the Indians will never be able to be loved like those groups, but what are they doing to make themselves so hated?

I heard a Waifu is like the square root of -100.  A perfect 10, but imaginary.

Well, let’s start with jugaad.  What’s jugaad?

Not as in “joo gaadda see this,” like Tony Soprano might say.  Jugaad is, well, an Anon from /pol/ nailed the definition:

“Jugaad is the dishonest and deliberate bending of the rules and laws to one’s favor. In India, such underhanded and self-serving behavior is celebrated, especially among the upper/middle classes. It can also mean ‘doing the bare minimum to get by’ which is why Indian coding, craftsmanship, etc., is so terrible.”

Ouch.  Kicked straight in the Microsoft©.

But we see jugaad continually exhibited by the Indians who have fled that paradise of the world’s largest trash mountain stunning Mumbai skyline and open sewage the Ganges. They cheat everyone at everything.  And when there are bunches of them, they cheat in organized groups that would make the Mafia blush.

What do cheaters do after they die?  They lie still. (as found)

When one Indian is hired, immediately their main goal is to hire other Indians, which increases their Izzat (link below). But it also gives them co-conspirators. Recently it’s coming to light that many H-1B visa holders are sharing their visa with trainloads of Indians. They all come here and work in substandard conditions, at least by American standards.

Izzat:  How An Indian Concept Is Destroying The West

Why would they do that? Living six to a room in the United States is still 1000 times better than being in a nice place in India. And Americans, they’re so easy to cheat, coming from that high-trust culture. I’ve pointed out before how at least some of the hotels are engaged in human trafficking, drug trafficking, labor abuses, and (probably) money laundering (link below). I mean, illegals from South America, Africa, and even jihadis from the Middle East come to the country and the GloboLeftElite and CommerceChamberCohorts can’t get enough of them.

The Invasion of the Industry Snatchers: Patel Motels and the Trucking Singhularity

Why are Indians different and liked less than violent criminals who eat cats?  The Indians coming to the West have committed several unforgivable sins:

First, they are going after exactly the same sorts of jobs that the GloboLeft rank and file love:  jobs where they can be gang hired and protected by big systems, be it screwing up software at Microsoft® or working for the government or working in an HR department or selling stock in a company with a non-functional Alzheimer’s drug.

Looking at you, Ramaswamy, since that is classic jugaad.

Vivek was going to give a seminar on how not to be defrauded, but cancelled it.  Tickets are non-refundable.

These are the safe, air-conditioned hiding spots where pierced-hair-color activists planned to coast until they gender-transitioned.  Now?  They’re filled with Indians doing the bare minimum at with half the hair dye and double the relatives.

These are things that GloboLeftists want to do with their own weirdly pierced and unnatural hair color gang, and to watch Indians poach their jobs is, well, triggering for them.

What’s a Leftist’s favorite film?  Minority Report. (as-found)

Second, Indians do commit crimes, it’s just that they’re not particularly endowed with height or power, so they have to do everything in parties of 10 or more because a single adult white guy could take on quite a few. And guns? I don’t think they have the upper body strength to hold one up, let alone carry it for any distance.  GloboLeftist are much more in tune with importing actual bombers and murderers and people who pay back for the grift they take, like the Somalians.

True fact:  India does really well at the Special Olympics®.  And, India did beat Michael Phelps who only has 28 Olympic medals, but Phelps has more gold medals than India has silver and gold, combined.  (as-found)

Third, GloboLeftism is inherently feminist. And women love strong and attractive men, and Indians . . . well . . . aren’t.

I saw one post by a woman who was crying.  She had been on Tinder® and had received a funny, smart, well-thought-out message.  The problem?  It was an Indian that wrote it to her.  She felt that if an Indian had taken that kind of time, that the Indian actually thought that he had a shot with her.  If that was the case, she felt she must be pretty unattractive.

Ouch.  She would have rather had a message from a broke criminal on parole than an Indian.

Not at all creepy.  (as-found)

You can be anything you want to a GloboLeftist woman, but don’t be unattractive. Even worse, don’t be needy, creepy, or trigger a disgust reaction.  Indian males tend to put check marks into all of those boxes for Western women.

Remember, women and feminized men make up the footsoldiers and the pocketbook of the GloboLeft.  They’ll put up with anything that they can mentally morph into a child for them to care for, likely out of guilt from the kids they’ve murdered before birth, but they simply can’t look at Indians and see them as something they’d want to care for.

This is what happens when you come for their lazy white girl jobs. (as-found)

The final point: Their customs are alien.

Not “worship a rock in Mecca” alien.

Not “bat-soup for breakfast” alien.

We’re talking covering themselves in cow poop on purpose, drinking pee and eating poop, worshiping a blue monkey-god that looks like a rejected Marvel™ character, and treating streets like the world’s largest public restroom.

Shoes?  Optional.

Hygiene standards? Also optional.

Forget microplastics:  macroIndians are more of a hazard.

How rousing!  (as-found)

We built the greatest high-trust society in history on the assumption that people would mostly play fair because reputation mattered and neighbors noticed.  But they exploited the same system the GloboLeft created to destroy high-trust America.  The results are predictable:  broken software, ghost employees, and chain-migration apartment complexes that smell like disappointment and curry.

Indians are exposing, at scale, how fragile the whole “just let anyone in” experiment really is.  And the GloboLeft? They’re not mad at the Indians. They’re mad they got out-jugaaded at their own game.

Well, it’s not all bleak.  Maybe Tony Soprano could pay one $20 to start his car every morning?

The Next Default, Gold, Bras, and Confiscation

“The wealth of Moria was not in gold or jewels but mithril.” – Fellowship of the Ring

Steel suppliers are facing high iron prices and low finished steel prices.  They say it’s a terrible ore-deal.

What we call money was for the longest time gold.  For . . . a long time, really.  It has never quite been valueless and even jungle savages and pyramid builders (who had, I must remind you, no iPhones™ used it for trinkets because it was pretty.

But cash has gone to zero.

The phrase “Not worth a Continental” came about because the Continental Congress decided to print a lot of cash to fight the Revolutionary War.  It worked, but the cash became valueless because they printed too much.

How bad was it?

Bad enough that a wheelbarrow of Continentals might buy you a loaf of bread, if the baker was using them to start his fire.  It was a bad enough experience that the Framers of the Constitution tossed in the whole, “No State shall make anything but gold and silver Coin a Tender in Payment of Debts.”

Then we went to gold because the Constitution said so.  Gold worked for a while.  There was a reset during the Civil War with the National Banking Act, which made paper “greenbacks” official tender.  Lincoln needed cash to fund the Union army, so they cranked up the presses again.  By war’s end, greenbacks were worth about half their face value, and people grumbled, but hey, at least the North bankers won.

I’m in shape for that, though.  I exorcise regularly.

Then in the awful year of 1913, the Fed® was put into place, and the monkey business began anew.  Another currency reset, first for World War I, where they suspended gold convertibility to print for the war machine.  Huh.  It’s like I’ve heard that before.  When the value of the dollar started to increase in the Great Depression, Roosevelt came in and made owning significant amounts of gold illegal.

I mean, illegal for the plebs.  Rich dudes could still own all they wanted, because, well, they’re rich.  What don’t you understand about that, pleb?  FDR’s Executive Order 6102 forced folks to turn in their gold at $20.67 an ounce, then he jacked the price to $35 overnight.

Instant 69% profit for Uncle Sam.  Nice work, if you can get it.

Eventually, LBJ took all of the silver out of the money, too.  In 1965, quarters went from 90% silver to clad junk, because Vietnam wasn’t going to fund itself.  People hoarded the old real silver coins, and Gresham’s Law kicked in:  bad money drives out good.

Finally, Nixon took the dollar off of the gold standard as a “temporary emergency measure” in 1971.  Temporary, my foot.  It was the final nail in the gold coffin, all because we were spending like drunken sailors on wine, women, wars and welfare.

Was there panic?  Confusion?  Market turmoil?  Riots in the streets?

Nah.  None of that happened at any of these currency resets.  Partially because people are distracted.  Back then it was Vietnam protests or bra burnings or Watergate scandals.

Despite the name, when I wore The Mrs.’, I couldn’t do any more than usual.

And, partially because people still had dollars to spend that were worth something, right?  I mean, until the inflation of the 1970s hit.  People adapted, grumbled, but kept chugging along because what else were we gonna do?  Start a revolution over milk prices?

All of these resets, every single one of them, happened because the United States government (or its precursor) had spent way too much, had too much debt, and didn’t want to pay it.  It’s the old, “Hey, let’s you and me split the bill. Half is fair right? I mean, I had the steak and lobster and you had a salad, so 50-50 works.”

Except you don’t get to object.

This confiscation is what gold (and silver) holders, real physical metal holders, now worry about: the government coming for their gold and silver.

I am here to tell you that will never happen.

Never.

What’s the zodiac sign for a donut?  Torus.

Why bother with door-to-door confiscation when they can just make it painful to use?  History shows they prefer the sneaky route.  What will happen is, say, that .gov will tax people who sell gold at a profit at a huge rate. 70%? 90%?  Heck, maybe 110% if they get creative with penalties.

And no one will care.  Why?  Well, rich people will have insulated themselves from this by offshoring those investments:  think Swiss vaults or Cayman trusts.  The tax will probably only apply to individuals (so those with corporations won’t care, they’ll just LLC their stack), and the people who don’t have silver and gold will think that anyone who had any silver and gold probably deserves such a high tax rate.

“Greedy hoarders,” they’ll say, while scrolling through their InstaFace© feed of dancing feminists.

That’s one way.  What’s another?

Mandate reporting on all precious metal sales over, say, $100. Turn your local coin shop into a snitch for the IRS®.  Or tie it to “anti-money laundering” laws, making grandma’s heirloom coins suspicious.  It’s not confiscation; it’s just “regulation for your safety.

“You can sell your gold and silver. And dollars, even, into a new currency!”

And only into that new currency.  This new currency will be great! We’ll call it a Central Bank Digital Currency (CBDC).  It’s like crypto, but now the Fed® controls it!

I have a friend who is half-Indian.  His name is Ian.

What could go wrong?

Well, from the perspective of the Fed©, absolutely nothing. They can make your CBDC evaporate unless you spend it:  like digital milk in the fridge with an expiration date enforced by big brother.  “Use it or lose it, citizen!”

They can track every cent (oops) dime that you spend.  Bought too much ammo?  Flag.  Donated to the “wrong” cause?  Freeze.  They can stop transactions they don’t like.  “Sorry, no more red meat, your carbon score’s too high today.”

They can use it to create an activity profile: “John’s been buying survival gear again; better send the social worker.  Have her bring cigars and scotch to calm him down.”

It will, of course, all be for your own good.  It’ll stop crime.  And money-laundering.

And those rich people!  It will stop them.  I mean, sure they’ll have the fancy estates in France and Bill Gates will own half of the farmland in the country and also own Picassos and Renoirs and Monets and Manets and a Chinese antibiotics manufacturer, but it’ll really get him.

Bill Gates caught a very strong STD:  Herpules.

Us plebs?  We’ll get the full surveillance package.

Boy, those rich people are sure going to suffer if we force them to use CBDC.

So, we can keep our gold and silver.  It’s just a barbaric relic.  And we’re awful if we want to keep it since it’s probably anti-patriotic or pro-colonialism (depending on who is in office) to keep the gold and silver, which should be safely stored.

In a Central Bank.

For your own good.

And the CBDC?  That’s as good as gold.  It’s not like the Continental at all.  And, it comes with a new iPhone® app.

What a deal!

Land of Confusion

“I know what you mean, Blair.  Trust’s a tough thing to come by these days.” – The Thing

Pretty soon they’ll just cast a bird.  I can see it now, “Heron of Troy”. (all memes as-found)

I’m old enough to remember the song Land of Confusion coming out.  It was from Genesis, which really should have been named “Phil Collins and some other white GloboLeftist dudes.”  The video was and is hideous.  It was intentionally hideous.  I rewatched it again before writing this and ended up regretting it.  If there is place for the True, Beautiful, and Good, well, brother, that video wasn’t it.

Okay.  I assure you, this isn’t a review of a forty-year-old video, but rather the phrase that comes to my mind as I write this particular post.  The world is really into WTF territory, a true Land of Confusion.

What’s going on?  Is it time to start drinking heavily?

The largest product launch in the history of product launches is going on.  Of course I mean Artificial Intelligence.  A.I. has distorted everything, and I mean everything in our economy.  There is (in my humble opinion that is more often wrong than right) no particular reason that the stock market should be doing as well as it is.  A double Snack Wrap© meal with some fries and a drink costs $8.00.

The Dalai Lama went to Vegas last year because he loves Tibet.

That’s two tortillas, some Official Chicken Product®, a sauce, some shredded lettuce, potatoes deep fried in estrogen-laden oils, and, if you’re lucky and made the right choice, water or coffee.  I guess this is an example of fake money for fake food.

Wouldn’t a bit a of steak be better?  Even a little bit?

Gahhh!  I keep wandering.  Like I said, Land of Confusion.

If you really do a deep dive into the main prophet of A.I., Sam Altman, I assure you that you’ll become concerned that Sam is managing a trillion-dollar business with the potential that, if it fails, to lead to another Great Depression.  But, hey, if it succeeds, there’s a 20% chance that humanity might be erased like mosquitos in a pup tent.

Honestly, I wouldn’t hire Sam Altman to manage a Taco Bell® in Modern Mayberry, but I guess that fast talking, double-dealing (according to Musk) and just plain greasy-seeming guy is the kind of person that we want to turn the economy over to.

If a robot commits a robbery and it’s caught after the battery dies, will police have plans to charge the suspect?

We’re riding the edge.  And this sort of inflation on the bubble of reality has led to other inflations.  Silver is following the classic signs of a bubble.  But unlike A.I., silver is real.  What’s real?  Well, whenever I have a question like that I just leave it to old Jack Burton (Big Trouble in Little China):

Egg Shen:  “(You) can see thins no one else can see.  Do things no one else can do.”
Jack Burton:  “Real things?”

Egg Shen:  “As real as Lo Pan!”
Jack Burton:  “Hey, what more can a guy ask for?”
Egg Shen:  “Oh, a six-demon bag!”
Jack Burton:  “Terrific.  A six-demon bag.  Sensational.  What’s in it, Egg?”
Egg Shen:  “Wind, fire, all that kind of thing.”

At this point I feel like Jack Burton.  I’m just looking for something real.  And silver is real.  I can pick it up, feel its density, hear it go ‘ping’ like silver does, and give it to my sons when I die.

But silver went up.  Then it went down.  I hear rumors that a certain bank dumped all of its short positions when silver hit its recent low.  Will it pop up in the next week?

I have no idea.

I’m not sure I care.

I’m just tempted to but a contract and go for delivery and show up to a COMEX® warehouse in a rented car from Budget™ and pick up 340 pounds of silver for the grins that would give me and then play Snake Plisskin from Escape From New York trying to get out of, well, New York where most of the COMEX vaults are.

The most famous human who bounces is that Irishman, Rick O’Shea.

The price of computers is also exploding.  Why?  Well, A.I., silly.  Bill Gates (who the Epstein Files would indicate might have had to get rid of a nasty case of some Indonesian junk that’s going ‘round) has said, nah, man, why do you have a computer at all?

The idea, I think is to make computers like the one I’m typing on to be unaffordable.  On one hand, I can see that if A.I. can do the calculations to weaponize the DNA from warts to infect humans into violent zombies or hack into the Pentagon instead of running a screensaver that might be a problem.

And yet . . .

A personal computing device has been available to me my entire adult life, and having my information in my house, on a hard drive I own is normal to me.  Having to depend on the Indians running Microsoft® to not dump a tikka masala or a curry into the server and bring down my posts, family memories, and also kill Mabel’s life support in the ER in Cleveland doesn’t seem like the best idea.

Honestly, keeping Indians away from everything seems that way, but YMMV.

Then there’s Hollywood®.  It appears that the only thing they want to create is unmitigated racist crap.  Yes, racist.  How else do you explain the cast for the latest Troy® movie, which features a black woman as Helen of Troy.

Here’s the take of one wag on X®:

What’s the difference between Syria and Detroit?  How you get stoned.

A black woman as Helen of Troy?  That’s bad.  It’s not only bad, it’s offensive.  It is, again, the opposite of the True, Beautiful, and Good in every single sense.  And if the opposite of the True, Beautiful, and Good is Evil, well, there you go.  And Zendaya (yes, that poor dog-faced girl Zendaya) playing . . . Athena.  You know.  A god.  And Zendaya is a Midwest 5/10 on a good day.

Sigh.  Land of Confusion.  Again.

The most non-crazy item I’ve seen this week is Elon Musk saying that he’s thinking about putting a million data centers in orbit for creating A.I. processing.  At least they won’t be subject to Sanjay dumping his sambar into the SanDisk® and stopping sanitation in San Francisco.

Oh, too late.  Have you seen San Francisco?

Imagine how insulted Elon’s girlfriends feel when he says they look like a million bucks.

When Elon is fantasizing about putting a million of something into space is the most sane item of the week so far, it should tell you something.

When I read the headlines, I think back to my New Year’s resolution:  drink more water.

So far, with the news in January, I’ve only gotten to:  drink more.

 

Silver: What’s the deal?

“I am altering the deal. Pray I don’t alter it any further.” – The Empire Strikes Back

Am I the only one still trying to forget Game of Thrones?

Today, we’re diving into silver like Scrooge McDuck® into his money vault, mainly because I think it tells a much deeper story about wealth and reality.  Silver prices have doubled since April.  More than that, really.  But who’s counting?

What’s causing this?

First, the dollar is worth less. Not worthless, though I think anyone checking in from the time the Fed® started back in 1913 would disagree.  No, that delightful dumpster fire comes later, probably around the time Tim Walz starts quoting Marx in his next speech.

But worth less?  Absolutely.  Inflation is like a bottle of Everclear® showing up at a high school kegger.  You know it shouldn’t be there, but everyone is enjoying the party so much that no one wants to pour out the booze.  And, no one has poured out the booze.  People just keep showing up with more and more booze.  And by booze, I mean printing money.

Everclear© eventually turns brains into goo, and the Fed® is turning our money into an unsightly goo.  That’s okay, because who needs actual value when you can just ctrl+p your way to prosperity?

Silver’s price jump isn’t because silver suddenly got sexier; it’s because greenbacks are now less than a dime a dozen.  Okay, not a dime a dozen, but a silver dime is from 1960 is worth $7.87 at $110 an ounce silver.

I have a dime in one hand and a nickel in the other.  What am I?  Broke.

I know, I know, there is nothing new here.  Rome.  Weimar Germany.  Zimbabwe.  Venezuela.  History’s a harsh teacher, and not one of the hot ones that just graduated from college that was a hot blonde with long hair that drove a Trans-Am® while I hummed Hot For Teacher in the back row of the classroom in 11th grade English.

Sorry, that was oddly specific.

Second, a driver of this rise in silver prices is A.I.  A.I. is in everything now, including French’s® Classic Yellow Mustard™, at least according to the label.  But silver is in computer chips, solar panel, and chemical catalysts.  Industry actually consumes the stuff at a rate of 680 million ounces per year.  Yes, that’s a lot, being a bit more than an Ohio-class ballistic missile submarine or the weight of cash exported by Somalians from Minnesota each week.

Everything’s fine, though, right?  We’ve been doing this forever.

Not so fast, Pat Sajak.  The dragon has entered the chat.  No, not George R.R. Martin.  He’s the walrus.  By dragon, I mean:

China.

Dragons don’t explode, but a dino might.

They’re the primary refiner of silver according to some sources, though I’ve been unable to back that up with a source I really trust, so take that as a “trust me, bro” type of number.  Recently, though, China looked around and they do control about 15% of silver production and third of the industrial supply goes through China.

On January 1, China changed its rules.  It will only license exports to specific companies for specific uses.  No more “hey, buddy, can I get a pallet of silver for my Etsy® jewelry shop?”

Nope.

Remember that old Lenin quote where he said that the capitalists would sell the commies the rope to hang the capitalists?

We’re living it.

We outsourced everything except Learing Centers to China because China did it cheaper:  rare earth mining and refining, silver mining, manufacturing, bad fashion choices.  You name it.

“Why get all sweaty and dirty when we can push paper instead?” was the attitude.  So, we traded factories for finance, blue collars for spreadsheets.  Now, the know-how’s gone east, poof, like a magician’s rabbit.

Entire industries vanished from the U.S.

Health is wealth.  Don’t believe me?  Check out the prices of fresh kidneys!  (meme as found)

This is the bill coming due for all that cheap Walmart® crap from China.  We’re paying premium now, and it won’t just be in dollars it will be in our international standing and living standard.

Third:  it’s the paper. Silver’s price used to be all about paper:  silver futures, silver options, the whole Wall Street silver casino.  Sweaty guys in New York could bet on silver in Hong Kong without ever touching it.  It’d never come within 5,000 miles of their Manhattan condo.

It was like playing poker at a casino where people kept trading IOUs.  Nobody cashed out their IOUs for the real chips.  The market was dominated by speculators, hedge funds, a particular big bank, and day traders who treated it like a video game.

This was profits without product.  But oh, how the tables have turned.

Now, the game’s gone real-world, and folks are demanding delivery.  Warehouses are being sacked like a Domino’s Pizza® after Weedfest© in Colorado.  Empty shelves, frantic calls, bummed out hippies, the works.

(as found)

Take Samsung©, for instance.  Reports say they hopped on a plane, jetted to Mexico, and straight-up bought out the silver supply from at least two mines for the next few years.  No matter what it costs, they’ll buy it all, plus front the company the cash to get capacity up to snuff.  That’s not hyperbole; that’s desperation with a corporate jet.

Why?  Because silver’s a tiny part of their widgets:  phones, TVs, fridges.  But it’s an essential part of their widgets.  The recipe calls for it, like flour in a cake.  Skip it, and the chip in the phone won’t work.  Redesigning?  Yeah, maybe.  That takes time, money, and R&D.  The engineers would be pulling all-nighters, and all of a sudden the coffee market is impacted.

It’s far easier to pay $100 or even $200 an ounce.  Even at $200, it’s just a buck or two per gadget.  Compare that to shutting down production lines, which would be a corporate catastrophe.  They’re going to buy the silver.  Sure, there’s a breakeven, and it will vary by use:  I saw one as low as $134.  Less silver jewelry will be made.  Werewolves will go unhunted.

Finally, the biggest risk for most people reading this is that it shines a spotlight on the made-up money system for what it is:  made-up promises, ink on a ledger or magnetic bits on a hard drive.  Silver, gold, copper, lead, corn, PEZ®, that’s real.  It’s tangible, you-can-hold-it-in-your-grubby-paws stuff and eat it our swim in it if you’re Scrooge McDuck©.  Fiat currency?  It’s money conjured out of a belief system, a collective hallucination we’ve all bought into since LBJ printed bucks for Vietnam and Nixon got called on our “gold-backed” bluff by the French.

Hmmm, which one? (as found)

The dollar has been floating on faith ever since, like Wile E. Coyote™ before he looks down. But now, with silver spiking, the fall is in sight.  People want assets, not abstractions.  It’s the ultimate vote of no confidence in the dollar downsizing derby.

Is silver in a bubble?

Beats me.  Maybe.

Maybe not.

Is the dollar in an anti-bubble and collapsing first in slow motion and then all at once?

Beats me.  Maybe.

Maybe not.

Silver could crash tomorrow or double by next month.  But my gut says $20 or even $50 silver is in the rear-view mirror, except for after a deflationary collapse temporarily crushes it.  I think it has vanished like cops without tattoo sleeves or the McDonald’s® Dollar Menu™ where something on the menu actually cost a dollar.

It’s just gone.

I’m sure it’ll be fine.

But, hey, what are you worried about?  Chuck just showed up with more Everclear®!  Party on!

Disclaimer:  I write funny things, and you should know that by now so this isn’t investment advice or fashion advice or love-life advice.  Think for yourself and do your own research and stop copying me!  Teacher, he’s copying me!
Disclosure
:  I do have a position in silver that I’ve had forever, and bought (literally) about a hundred and thirty bucks more today in my IRA, which might have been stupid, but, whatever.  If you think this article will move the international silver price, you’re stoned.