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Tag Archives: of two minds
Presidents Day: Carter’s Prescient Farewell Address in 1981
Presidents Day: Carter’s Prescient Farewell Address in 1981 Regardless of our opinions about President Carter and his legacy, his Farewell Address is worthy of our attention and study. On Presidents Day 2021, I invite you to read/watch President Carter’s Farewell Address from 40 years ago. As a Washington outsider, Carter was relentlessly mocked and undermined by […]
The Stock Market, Fatally Wounded by the Truth, Will Stumble and Crash
The Stock Market, Fatally Wounded by the Truth, Will Stumble and Crash It didn’t have to be this way, but this is the reality we must now face: truth is fatal to fraud, and our entire financial-political system is a fraud. The stock market has just been punctured by the thin blades of truth. It […]
2020 the “Worst Year Ever”–You’re Joking, Right?
2020 the “Worst Year Ever”–You’re Joking, Right? So party on, because “the worst year ever” is ending and the rebound of financial markets, already the greatest in recorded history, will only become more fabulous. Of the lavish banquet of absurdities laid out in 2020, one of the most delectable is Time magazine’s December 14 cover declaring that […]
The Most Hopeful Scenario for 2021
The Most Hopeful Scenario for 2021 Choose wisely, America, or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon. From the point of view of evolution, the most hopeful scenario for 2021 is the sudden and complete collapse of everything that is obsolete, inefficient, ineffective and […]
Give Yourself a Gift Next Year: Agency
Give Yourself a Gift Next Year: Agency We think we’re powerless because we don’t have wealth and power over others, but nothing could be further from the truth. To have agency is to have power over your own life and control of your assets, options and resources. There are a great many things that influence our lives that […]
What Would Happen If the Fed Ceased to Exist?
What Would Happen If the Fed Ceased to Exist? Extremes get more extreme until risk breaks out; then the reversal will be as extreme as the bubble expansion. What would happen if the Federal Reserve ceased to exist? We all know the answer: global markets would instantly collapse and the global financial system, now entirely dependent […]
One Little Problem with the “All-Electric” Auto Fleet: What Do We Do with all the “Waste” Gasoline?
One Little Problem with the “All-Electric” Auto Fleet: What Do We Do with all the “Waste” Gasoline? Regardless of what happens with vaccines and Covid-19, debt and energy–inextricably bound as debt funds consumption– will destabilize the global economy in a self-reinforcing feedback. Back in the early days of the oil industry (1880s and 1890s), the […]
Cycles, Systems and Seats in the Coliseum
Cycles, Systems and Seats in the Coliseum The idea that debt, leverage, speculation, greed, exploitation and parasitic elites can expand exponentially forever is magical thinking. Contrary to first impressions, I am not a doom-and-gloomer; I’m a systems-cycles-er, meaning I’m interested in where systems and cycles are heading. Cycles work because we’re still running Wetware 1.0 which entered beta testing […]
Welcome to the U.S.S.A.’s Banquet of Consequences
Welcome to the U.S.S.A.’s Banquet of Consequences The incontestable incompetence of the USSA’s monopolies, institutions and agencies is about to take center stage in 2021. When I mention that the U.S.A. feels increasingly like the U.S.S.R., a surprising number of people tell me they feel the same way. Welcome to the U.S.S.A.: United Simulacra States of […]
2021 is Already Optimized for Failure
2021 is Already Optimized for Failure One sure way to identify a system “optimized for failure” is if all the insiders are absolutely confident the system is “optimized for my success”. I often discuss optimization here because it offers an insightful window into how systems become fragile and break down. When we optimize something, we’re aiming to get […]
Prepare for Winter
Prepare for Winter Realism must precede optimism or the optimism will collapse as the tsunami of reality comes ashore. It’s time to prepare materially and psychologically for a winter unlike any other in our lifetimes. Here’s the view from 30,000 feet: 1. The stock market and the general zeitgeist of optimism have soared based on […]
What We Don’t Elect Matters Most: Central Banking and the Permanent Government
What We Don’t Elect Matters Most: Central Banking and the Permanent Government We’re Number One in wealth, income and power inequality, yea for the Fed and the Empire! If we avert our eyes from the electoral battle on the blood-soaked sand of the Coliseum and look behind the screen, we find the powers that matter […]
ALICE Doesn’t Work Here Anymore
ALICE Doesn’t Work Here Anymore What the political class and the Financial Nobility don’t yet grasp is that ALICE will never go back to her insecure, low-wage job, ever. Meet ALICE: Asset Limited, Income Constrained, Employed, at least she was employed until the pandemic presented impossible choices between taking care of her children and their education, […]
Why We’re Doomed: Our Delusional Faith in Incremental Change
Why We’re Doomed: Our Delusional Faith in Incremental Change Better not to risk any radical evolution that might fail, and so failure is thus assured. When times are good, modest reforms are all that’s needed to maintain the ship’s course. By “good times,” I mean eras of rising prosperity which generate bigger budgets, profits, tax revenues, […]
Has Our Luck Finally Run Out?
Has Our Luck Finally Run Out? We are woefully unprepared for a long run of bad luck. Long-term cycles escape our notice because they play out over many years or even decades; few noticed the decreasing rainfall in the Mediterranean region in 150 A.D. but this gradual decline in rainfall slowly but surely reduced the grain […]
