The Bottom’s Falling Out
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Gerry Cranham Protection for the pretty 1963 Imagine you’re standing across the street from a house that’s on the verge of falling apart
[See the full post at: The Bottom’s Falling Out]Not to follow old tracks: so if we pay the people, but temporarily, everything is just in deep-freeze, when it stops, all like before. Okay. However, think of it as we pay all the people, but not the businesses. Further, the businesses — and people — do no work. Aren’t we paying for mass consumption, but preventing — outlawing — production?
It’s difficult to see how that would work, although paying all people for all things in fact the Soviet system.
Okay, more problems: we pay the restaurants in London for eaters they don’t have. We force lower the rents in Greece. But every producer is a consumer, every creditor is a debtor: how do you think the Landlords will pay their bills? They will lose to their common predator, the banks, who will then own all the landlords, who will own all the renters…who are owned/controlled by the government. The Soviet system.
You can run this through pensions, doctors, even food and farmers, but the result is the same. Any control seems to spread to controlling everything, or else it falls apart. And the controllers can’t be everywhere and know everything, what rent is too much, not enough, what crops to plant, who to bail out or not. Which restaurants, which families, which dreams live and die. People resist, and then you must riot and kill them.
And so what if it fails? Doesn’t that just mean we have free markets and real prices? Who does that injure? Since it’s the vanishing few controlling and containing, but with massive power, doesn’t that suggest that the free markets hurt the wealthy insiders and therefore would help the people?
So again, the helping isn’t helping. It’s forestalling bankruptcy of the rich and real, fair prices and truth from taking hold again. It seems like it isn’t, because the only way to get out of a lie is to take it in the teeth, but it’s still true. The new help, the new bailouts, the new price-setting, are just more fake prices, more lies. Are we going to cure our lies with more lies the way we cured debt with more debt?
Stay tuned, because of course we are. They will do it until it fails. Which is the point. They are hoping or even making some even happen they can blame it on. Anything besides themselves. Their system. Their undue, unjust reward.
If the bottom threatens to fall out, you need to focus on saving the floor and foundations, the people, not the businesses.
or
the helping isn’t helping
LOOK AT THE POKER GAME
Biden – 5 million jobs
Trump – 20 million.
Covid19 – All in – “unknown pneumonia”
IMF – ‘Equity-Like’ – MMT
military spending package – $740.5 billion
market – $6.5 trillion.
insurers – fold
Steven Pinker – academicians – fold
peace – fold
Christopher Steele – justice – fold
THE HOUSE – JUBILEE FOR THE SELECTED FEWNo one is willing to accept pain. I know its not popular to say it but people should save more, no matter what their income is. Having that money on hand for emergencies is the only kind of freedom you truly have in a system like ours. But the media and the government don’t want people to save, and the TV tells them not to. So they don’t, and then as soon as something bad happens all we here are the cries to the heavens of who will save us! Is this a society worth saving?
People are too partisan, it either has to be all left or all right, never realizing that neither extremes work well.
@Dr D
Your analysis made my day. Watching the hubris of our ‘leaders’ is truly stunning. Barely capable of rudimentary inference thinking themselves, they boldly interfere in the operation of highly complex systems (like the economy) whose interrelationships are beyond the comprehension of even a room full of Einsteins. One of the least understood of these relationships is human emotional psychology. It’s very difficult for spreadsheet formulas to capture that one. Like putting a chimp in the cockpit of a 747, only disaster awaits the unwary passengers.
Add to this recipe an insatiable appetite for personal gain or power, or put another way, a total disregard for the public good, and it leaves no room for a healthy economy or the social system supported thereby.
Of course, as Mr. House has implied, no politician is going to risk his popularity (or financial support) by proposing that his donors swallow a bitter pill, so we must all crash together.
Well I’ll stay with you guys for a bit longer. Good to see Raul using metaphor to convey his idea. Dr.D…well heck man! Your first sentence! Why do you do it AGAIN then? Mr House gets it. My opinion only as always, but again what do I know?
Sometimes I wonder if all the armchair rocket scientists I encounter on the internet *know* which way a light bulb screws in? Seriously. Do you turn it right or do you turn it left? Is there a standard for that sort of stuff. ASME, ISO, ANSI, BA…? Of course there is. But it lies under the surface as most *foundations* do.
Sometimes I wonder if all the armchair anarchists I encounter on the internet have ever added value to anything? Built , created art, made music, built a surfboard, a bicycle, a car, an airplane, a house? I wonder if they have ever had to kill another sentient being to get some protein? Probably not but there is obviously somebody who does and is willing to add his *idea* of value and risk the judgment of someone else’s *idea* of value.
We are dancing around on the surface of things with critique and risk free opinion. I hang around with some very strong peeps. We go deep often. We are respectful of the others perception. We are respectful of risk . We understand the ‘precautionary principle’ but do not surrender our power to fear. We are tolerant of failure and share our success. Our mantra is ‘ adapt , create, endure…but in no necessary order’. I’m sure you have some strong friends too.
Peace
The banks get all the foreclosures- including the remaining smallish farmlands. Real estate prices in most areas will plummet. Gated enclaves will be protected by private security. Hangers-on outside of them will fall prey to chaos, and then they, too will be bought out.
Then they will call “scrip!” (As currencies turn to ashes). You turn in what you have and they give you a chip. If you had some savings, you will be better off than those who didn’t, but most folks will get their UBI if they work in those fields or factories or at those desks and counters.
Feudalism- with its constant petty chessboard wars: That’s what I see coming. And lots and lots of death.
Until Arthur shows up and pulls a sword from a stone.
Or aliens could land again ; ) -preferably before we finally decide to play with our nuclear/biological/chemical toys.The happiest one is that all the rich bastards get on a luxury space yacht and land on Mars where they will find out the concierge has gone on to better things.
Too bad you are not favored
https://www.zerohedge.com/political/lancetgate-scientific-corona-lies-big-pharma-corruption-hydroxychloroquine-versus
Authored by Prof Michel Chossudovsky via GlobalResearch.ca,
Payed for it once June 29: Fauci Greenlight. The $1.6 Billion Remdesivir Contract with Gilead Sciences IncPay for it second time Who will be able to afford Remdisivir? 500,000 doses of Remdesivir are envisaged at $3,200 per patient, namely $1.6 billion (see the study by Elizabeth Woodworth)
The Drug was also approved for marketing in the European Union. under the brandname Veklury.
Remdesivir for Covid-19: $1.6 Billion for a “Modestly Beneficial” Drug?
Remdesivir, the only drug cleared to treat Covid-19, sped the recovery time of patients with the disease, …Dr D. Stunning work. Loved it. Thanks for pointing at predatory banks. They are also know as Vampire squid. I still believe to produce even only the smallest bit more than you consume is better than porkin’ out on debt fuelled bounty.
Also my parent said know – I reckon you are pointing in the right direction. I think Kunstler was on it but turns out a virus born of mother nature’s bag of tricks was the vector. Always hard to pick timing and causation over patterns.Lily
I really miss the Worldometer chart that you used to have at the beginning of each day’s posting. It was always the first thing I looked at in the morning.Yeah, me too…
It offers a great way to track the virus all over the planet with one chart/view…
Pretty please… 😉Well, here is a chance to hold some feet to the fire at a *local* level.
https://helloskip.com/ppp-data/
In our small community of 10,000+ I found at least 10 cases of what I would consider ..moral hazard. Work the *system* baby!!
Geppetto,
“Sometimes I wonder if all the armchair anarchists I encounter on the internet have ever added value to anything? Built , created art, made music, built a surfboard, a bicycle, a car, an airplane, a house? I wonder if they have ever had to kill another sentient being to get some protein?”
As an armchair anarchist, I should say, yes, I play jazz every morning before TAE, and have built guitars. I haven’t built a house, but have replaced almost every window, floor and ceiling. I own a small farm so yes those sentient beings. I’ve built hundreds of bicycles.
I think what most people don’t understand is that anarchy is basically the lack of hierarchy. Mao, Stalin, Pol Pot, et al, had a lack of anarchy and an over abundance of hierarchy. 1968 had some anarchy, and it looked like things might get better. It is hierarchies that wage war, not anarchists. “What ever happened to that peace, love, hippie shit?” -Pete Townsend
It is the hierarchy that has failed in the US, and elsewhere, and the anarchists know it. 90% of human history has been anarchic, only the last 10k years hasn’t been. I think Vico got it wrong when he said civilization goes from Theocracy, to Aristocracy, Democracy, Chaos. That last stage, and the beginning of a new one is Anarchy, a far cry from chaos.Arttua,
You make my heart sing! If what you say is true then you are far more than *armchair* anything. I’ll reiterate my muse, beneath that hierarchy you speak of is Raul’s metaphoric ‘foundation’. *We* mistakenly insist the problems are at the top of the hierarchy. I maintain that the problem is at the foundation level. So, along the time line of my 32 years as a businessman in Cali I made the large mistake of taking a $200,000 SBA loan. A mistake that I could write a book about. I paid that $200,000 back because in my view it was YOUR money that YOU lent to me. A moral issue. Thus my dismay and disapproval when I look at my local PPP loan list and see at least 10 or more of my fellow businessman and women who have taken…..aid? Well I know for a fact (because I spend a good portion of my social contract mentoring and hanging out with young peeps, many who are employed by these business’s.) that in some cases these kids ( realize a 35 year old is a kid to me) were on unemployment all thru the initial lockdown. I also know for a fact that many of these business owners showed up at the local trailhead on brand new high end mountain bikes, bought new trucks and in one case a new boat!. I would say …moral hazard? Or maybe something else. As a business of 32 years we manage to fund 3 months a year of essentially zero sales. We spend frugally and try to hedge against an ambiguous at best future. Failure is always a possible outcome. Suck it up buttercup as grandma used to say.Arttua, you are obviously more well read and probably smarter than myself. But I will put my street cred up against anyones any day. Everything on that list I have done many times in my working life. I have only built a couple dozen bikes in my time but at least half from raw tube.
When you look at your shoes, say my name.
Peace brother Arttua, I have a feeling we are kindred.
Geppetto, “3 months a year of essentially zero sales. We spend frugally and try to hedge against an ambiguous at best future. Failure is always a possible outcome”
Sounds very familar, I owned a bicycle shop, and in retrospect, I am suprised I made it through that first winter. After that I closed for a month every winter and went riding somewhere, many times to the Nepalese Himalaya. My shop was doing well with BMX, and then Mt biking started happening, and the bottom fell out of BMX. So I’ve always been paranoid that the bottom might fall out.
I read “Decline of the West” by O. Spengler back in the 80’s then onto others like The Crisis of our Age, Collapse of Complex Societies, and others. So all that is happening I’ve been anticipating, I know things might get really tough, but not for me yet, for me.
“Nobody told me there’d be days like these
Strange days indeed — most peculiar, mama” -J LennonArttua,
Prob around 1977 my girlfriends (now my wife) friends son was riding for SE. He was Pro class but he was a big guy. He showed up at my house in Pacific Grove one day on an SE Racing Old Man Flyer. I feel in love with the idea of a big bmx bike. I found an old Schwinn beach cruiser at a garage sale. $5. Stripped it, cobbled some motorcycle handlebars, tightened the spokes and ripped down Del Monte forest to Asilomar until I killed the wheels and moved on to windsurfing. Those guys in Marin thought they invented Mtb. Hahaha! I have ridden bicycles my whole life and reconnected with the Mtb concept again in 1988 until now. I have always used my surfing, windsurfing and Mtb as a metaphor for my life. Bushido…. meet life head on. Flow state high in the Himalayas. Don’t expect one single outcome but have MUCH expectation…… blah blah blah…You got this
Peace
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