daily ad

Sunday, March 22, 2020

my deflated ass


MY DEFLATED ASS
Oil falls below $30, and silver goes under $12, and suddenly we are looking at deflation? I know economics is The Dismal Science ( well, not really. The idiots hiding central bank culpability just pulled mathematical formula out of their ass, but the basics are easy and require no elaboration ), but in what universe was I transported to where adding half the annual GDP in stimulus is deflationary? Houses could fall 70%, and they would still be overpriced ( especially in Smurf areas ). And “half” might be conservative, as I have no way of knowing the details of the Repo Market scam.
*
The central bank keeps putting in $100 billion a day, perhaps a bit more or a little less, but call it an average for near six months. $25 Trillion. How much of that was “forgiven” or kept getting extensions on repayment? We only have what the Fed agreed to share with us. You know, the people lying to us for a century. It took many years for it to come out that TARP was several trillion rather than $700 Billion, AND to add insult to injury foreign central banks received about $18 Trillion. Why is the current Repo Operation aboveboard and on the up and up?
*
Please recall the historical function of a central bank. They are given a monopoly of money and credit creation ( if the latest waiver of ANY reserves by retail banks don't scare you, your Ollie-ness is completely out of control ) and in return give the government as much money as can pay the interest on. Zero percent interest means even that restraint is gone and inflation is guaranteed. We'll return to that in a second, but know that central banks are a requirement for successful imperial efforts. Without the funding for mega-projects, the means of acquiring power are lacking.
*
I won't get into that, not being pertinent right now. Just understand that inflation is what pays off the old principle. A government can create its own paper, and all of them do, but energy in some form must be secured to stretch out the process in a functioning manner much longer. Energy input slows down the inflationary effects. The problem is that if that energy ( or energy marker ) decreases, all that debt and interest is no longer serviced. Britain's empire had growth of real wealth for a long time, from colonialism. As did ( DID, past tense ) America.
*
During a time of the Agricultural Age, England grew as its food supply did. It had nitrates for gunpowder, in abundance. Coal gave it another boost, and the gold from its colonies created finances long past its resource contraction ( gold or silver being a nice energy marker, or substitute. If everyone else wants your precious metals, they trade you products with energy embedded in that ). And I've already told you of America, its world record oil, then its Saudi Arabian oil, many times already. Spain, desperation dumping its gold and silver from South America, just devalued its colonial efforts.
*
The point is that economics isn't just finances or markets, it is also resources and geopolitics. China understands this right now, but the US does not. We understood we had to go to war to keep countries from deserting the PetroDollar, but we did so in such a bumbling incompetent manner that we did more harm than good. We are drawing down our capital to enrich a very small group, which allows nothing in maintenance costs.
*
One of those infrastructure maintenance costs unable to be maintained was interest payments. Most of the companies on the Dow, and all of the levels of government, and most consumers, had to massively borrow after 2008 to stay in business. Consumers obviously took on way too much debt prior to the housing bubble popping. A lot of the mortgage ATM money was wiped out in foreclosures, but everyone started over with less pay, fewer hours, higher rent ( instead of mortgage payments ) and then higher medical insurance. That sector, in other words, could only borrow so much.
*
Corporations had far lower interest payments than the populace binging on credit cards and auto/college loans. All three sectors which have been seeing very high delinquencies. BEFORE the Beer Virus. The corporations cut payroll to make their loan payments. Which cut back on the ability of their customers to spend money. Governments just kept raising taxes, but also drawing down THEIR seed capital ( pensions were a nice piggy bank ). In case anyone missed it, the last decade has been everyone screwing everyone just to survive. There was no “thrive”, and frankly I'm astounded anyone thought so.
*
If you mean that people and organizations have borrowed way past their ability to ever pay back any of the loans, then yes, the illusion of prosperity was there for all to glory in. And I'm not necessarily saying this is, individually, a bad thing. When one entity receives a bag of free money, one is a fool to return it. The problem was that everyone got a bag of free money. I don't mean, a problem as in inflation. I mean, a problem in that the increased income was a one time offer, to mask falling income, and now everyone has even less than before.
*
Peoples income is not enough to pay the interest on their loans. And by people I mean all consumers, companies and governments. Eliminating the interest does nothing if they then cannot even pay back the principle. Now you cannot provide the bankers income needed to loan money to everyone who needs more loans to substitute for lost income. Do you see the feedback loop here? Without money circulating, and I mean money backed by something like real oil growth, you only have Zimbabwe/Venezuela inflation left. And before your little pea brain screams out, “oil reserves, communism=Venezuela”, just stop. Don't embarrass yourself. We'll start there, continued tomorrow.
( .Y. )
( today's related Amazon link click HERE )
*
note: do you as worry as I that Google/YouTube will go out of business?  If they fail, there goes blogger.  Please consider signing up for my e-mail newsletter.  I send them on the e-mail BCC line, so no one else sees your address.  If not, if not reading me will soon be the least of your worries, just write my e-mail address down on paper ( see right below this ) in case the worse happens and you change your mind.  Also, my web site, also listed below.  If the Interweb goes tits up, consider recording my snail mail address-if we don't descend into Mad Max, I'll continue my writing through the real mail.  I gotta write, more than I'm worried overly much about money.  And as usual, if we go dark tomorrow, it's been a pleasure taking this journey with you.  Thank you one and all.
*
note: free for today books.  Normally I hate the "100 years ago the world ended" kinds of books, but this might have possibilities HERE 
*
Please support Bison by buying through the Amazon links here ( or from http://bisonprepper.com/2.html or www.bisonbulk.blogspot.com ). Or PayPal www.paypal.me/jimd303 

*** Unless you are in extreme poverty, spend a buck a month here, by the above donation methods ( I get 4% of the Amazon sale, so you need to buy $25 worth for me to get my $1 ) or mail me some cash/check/money order or buy a book ( web site for free books, Amazon to pay just as a donation vehicle ).
*** My e-mail is: jimd303@reagan.com My address is: James M Dakin, 181 W Bullion Rd #12, Elko NV 89801-4184 ***E-Mail me if you want your name added to the weekly e-newsletter subscriber list.
*** Pay your author-no one works for free. I’m nice enough to publish for barely above Mere Book Money, so do your part.*** junk land under a grand **  Lord Bison** my bio & biblio***my web site is www.bisonprepper.com *** Wal-Mart wheat***Amazon Author Page***Screw the NRA, join the GOA HERE
* By the by, all my writing is copyrighted. For the obtuse out there



22 comments:

  1. Ok, boomer. Yep, I really am about the point of not caring what occurs past this stage of things. If folks, businesses and .gov entities did not prepare in some small ways as is a natural order necessity in the universe, well then, screw them. To say that folks can't get by a month or two on some saved egg and butter money is just demonstrating loudly that they are not worth saving. Get on the bus, get in the boxcar already. For everyone that clamours for .gov actions or lines up instinctively for handouts like animals walking in the tracks of the one in front my point is made, in spades. No dweebs, your employment in any type of job is not a given. Nor is there a certainty that your now useless self can be an employable asset in the future, suck it, learn to code. To say I don't have empathy, missed the point that I/we many have already been living through collapses and train wreckage levels of crap in society at large, for decades already. It is like they don't get out much, and suddenly their enjoyable matrix program plug was yanked out. Splash another pail of petrol on the dumpster fire. hurry up, faster, more.

    ReplyDelete
  2. The 90 million or so folks that were already not in the work force, previously, will have a whole lot more idled workers to join them as well, forever. (Shadow stats etc) This will not turn on a dime and everyone gets a cheery phone call next month to return to full pay and benefits jobs. (Cough=screwed!) If one is not punching a clock employably busy right now, they are apparently non essential. more folks will opt out or by default be idled out of the workforce. That feedback support to the systems from formerly employed workers is cut out. Turd world was arriving to everyones community already, now it is time to live the reality. Enjoy the spicy.

    ReplyDelete
    Replies
    1. But I'm a hard worker! But, I NEED a job and am skilled! No one cared if you were a White Deplorable. Suck on under-employment. Now, NOBODY is indispensable. Noe we are all white deplorables.

      Delete
    2. Need a secret hand sign for signaling to like minded chums. So the libs can complain about lads flashing each other with their Deplorable cliques in public, melting the scared snowflakes.

      Oh, maybe just the middle finger pointed upward from a fist at the end of an extended or swinging arm. Yep, that one is it. Good to go, Deplorables.

      Delete
    3. Did Cosby make any notable gestures selling Pudding? You know, because us white boys act pretty bland, like vanilla pudding.

      Delete
  3. Speaking of theme music. Here’s the official theme music for shooting your Spetsnaz knife into blue bellies. Just don’t use your parents shed for practice (Note: It helps to picture Doris Day skipping around in a tutu, while simultaneously shooting blues in the stones :D )

    https://www.youtube.com/watch?v=OrlzBj2lIJg

    Oh well. At this point, humor is the only thing keeping me going. I had plans to collect early SS (age 62) in 6 years, and was going to expat to a different country, with less feminist, and more desirable women. But now that’s not going to happen ☹️

    ReplyDelete
    Replies
    1. Look at the bright side, after the first wave of commies is killed, the PC movement loses a bit of wind from their sails. The level of cooperation and conservatism should increase.

      Delete
    2. Saw this quote somewhere else Jim. I’ll repost it here, since it’s more or less the same thing that you said. Well, that and I found it inspiring :D



      ___None 15 hours ago
      10:10 - So much for feminism ey? Feminism, social justice warriors, soy-boys, Metoo, and all this LGBTQ bullshit will be the first to go.. Don't give a fuck, but I'm actually rooting for this virus because it will eliminate all of these weak pussies. The strong will find a way to survive (just as they always have).

      https://www.mgtow.tv/watch/meat-curtain-madness-mgtow_hYHtYqdDfLkb7ul.html

      Delete
    3. Something about his tonal variation, almost a see-saw drone, I find annoying. Couldn't watch it.

      Delete
    4. Oh, sorry I wasn’t more clear. I only wanted you to read the comment, not watch the video.

      Delete
    5. Well, I did both, so mission accomplished anyway :)

      Delete
  4. My thoughts as well James. Constant money creation and injection over the past decade and now going hyperbolic. If that is not inflationary, then the term should be abandoned to extinction.

    Now with panicked masses, no matter how many dollars chase many, many types of physical goods they are not to be had.

    I don't know the PhD Economist's proper terminology for the situation, but for most people it is an impoverishing f-ing mess.

    My oldest son (h.s.senior) had a weekend job at retired boomer breakfast and brunch place Kiki's.
    The manager likes him as an employee and knows he has 3 younger siblings at home. He said to come in early this Sunday morning to take food they can't use because of shut down.
    My son came back with chocolate milk, o.j., strawberries, 5 lbs of bacon, cold cuts and cheese. We were grateful.

    Here streets looking increasingly abandoned.
    I am keeping in contact with my short list of worthwhile people I know, trying to help where I can. A friend still has to go daily into a cancer treatment center and chemo knocked her resistance down. We had some N95 masks to pass her and a dozen eggs. Neighbors are about 50% decent, 50% welfare entitlement brain and/or narcissistic sociopaths. Or, your regular hood in the New America.

    During 08 collapse, there was increased property crime. Normal times I always carry when out, sporadically on person at home. Now I'm keeping a handgun on my person and a rifle ready to go.

    Is demented guy still on extended camp out?

    ReplyDelete
    Replies
    1. If demented guy isn't, he should be. His plan makes most of ours look foolish. Of course, he pays the price of a hermit.

      Delete
  5. Anon 7:36 am wrote ".... It is like they don't get out much, and suddenly their enjoyable matrix program plug was yanked out."

    Brilliant metaphor, sir, describing the vast majority of our population. The signs of decay have been there many years now; one only needed to choose to pay attention, and act accordingly.

    ReplyDelete
  6. Correct on the elevated defcon levels. There is a pause on the scumbaggery behavior out there, but only for a short while. Things will run out more from the first buy spree. The unemployment or other gibs will be slow and paltry. Folks can't downgrade their princess lifestyle to new reality and spaz out. Hoodlums will be out casing for victims. Keep things lit up on the wire at night like a prison yard. Lock >everything< away, anything not bolted down literally will be scalped away. Yes, I am armed on person all the time, because. Pre-Stage heavy firepower armaments and supporting gear in the domicile, >AND< the motor transports. Your adversaries may come on at you at a higher tactical level (long guns, organized teams, dynamic approach etc) therefore be ready to match them pound for pound. Turn up your military bearing, use direct verbal commands to lay down the law in interactions with outsiders. Hold or gain control of events to control directions and protect your interests=leadership. SPICY TIMES starts:now.

    ReplyDelete
    Replies
    1. Don't forget to keep up vigilance on state actors, as well

      Delete
  7. Dingoland now has defacto internal borders with Police securing them. Interesting times my friends

    ReplyDelete
    Replies
    1. Coming soon here, just like all your wonderful ideas :) Well, perhaps you are behind California, so then the jokes on us. :)

      Delete
  8. Coronavirus related. It's possible that campgrounds all over the United States may close since this is happening in North Carolina. This may effect Bison minions who like to camp.:

    "National Forests in North Carolina closes all campgrounds
    March 22, 2020 - The National Forests in North Carolina will close all campgrounds as of Monday, March 23, for the health and safety of visitors and staff. This includes all concessionaire operated campgrounds and all day-use areas associated with those campgrounds. Campgrounds will be closed until at least May 15, at which point they will be reevaluated."

    ReplyDelete

COMMENTS HAVE BEEN CLOSED