Toss onto that the flurry of emails on the Fed action (not raising rates) at their decision meeting Wednesday that sent the market down more than 200 points before the close.
And with that, we have the “debate” tonight with up to 80-odd percent saying they won’t watch it because no Trump, no audience.
That and the water heater in Panama’s apartment blew out yesterday..mind you it was covered by a six year guarantee so it failed at 75-months.
Time to do some “cool head” exercises.
Talked to Elaine. “Dear, you know that porch and desk paint we put on (and discovered after the fact that it said not for exterior use)? Well, it’s flaking in one spot…:
Yes sir, this was one of those days to be sure. “Chill, dog,” I told myself.
I don’t have a hot temper If I did, I’d been doing box time by now. Seriously.. In fact, I’m more toward the other extreme: I like to maintain a kind of Raymond Reddington personality; 5-jumps ahead and ready for whatever.
So this morning a couple of ideas on how to maintain a good attitude so as not to screw up the weekend.
1. Yes. One of the people involved in the stand-off in Oregon is dead. Sorry about that. BUT you can bet there will be a ton of lawyering on the part of the family members who survived and we will see a ton of videos on Youtube, Ultimately, though, both sides are partisans. The demonstrators were distinctly anti BLM and, by extension, anti-government.
I’ve worked in some fairly regulated industries in my time; higher education and broadcasting. Without exception, I’ve never seen a government auditor get angry. They don’t have to. They have the power to tax, the power of a standing Army, and a damn fine Navy.
And, did I mention the government has outlived all of us and can make up money to boot?
I used to tell my kids it is always smarter to run away from al fight you can’t win. Only an idiot picks a fight where the outcome isn’t certain.
Look, I don’t think BLM land should be off the tax roles. Since the Feds have some much land, only those areas that at unfenced and open to real public access should be called “public lands.”
Anything else is a real estate operation – and what is the Fed Gov running a real estate operation in huge areas of the West? State could likely do a better job of it and would certainly meet the test of government closer to the people which is, to my way of thinking where it belongs.
I am sad for the family’s loss, but it was not a fight where there was a clear set-up to win. The only way to change government without risk of death is at the polls or in a courtroom. When people forget this, which does happen when wrapped up in a serious grievance, the first rule of fighting is broken.
Never pick a fight you aren’t certain you can win.
There is a word that people often forget, especially when emotions run high and a crowd of people becomes self-reinforcing in their views. That word is pragmatic.
It means acting in accordance with the data, not theory; high-minded or otherwise.
It’s all about living in the world that is, not trying to live in a world that may become.
The Oregon group was, in a sense right: Why does GUS (government, U.S.) hold claim to so much land? I mean other than it’s power and requires taxes to run, and a big supporting infrastructure?
The key is the manner of change: Confrontation with a government (see Army, Navy,a Air Force and ownership of the Courts) is very unlikely to result in a long-term change to a world without BLM. Because we live in the world that is, and in this world government is self-reinforcing, self-perpetuating, expansionary, and armed to the teeth.
Sure victory for the 98-pound weakling doesn’t come from getting in a ring with a prize fighter. Rent lawyers and send them into the ring.
2. The Fed is trying to do the right thing on rates, but it isn’t working out well. See the top story in the news section (when I get to it). The markets are not likely to call apart today.
Again though, while I don’t think there should be a) a Federal Reserve and believe Congress abdicated by giving private banksters control of the nation’s money and b) the Fed rents us our money and has systematically watered down its purchasing power to only 4.2% of what it was when the banksters got the vault key in 1913, we need to remember here that the same observation about keeping cool applied to the banksters, too.
Like BLM, the Federal Reserve has what it has (power) and by extension, they are backed by Congress (crooks of a feather?) and they, in turn, are backed by a damn fine Army and a first-rate Navy. (I haven’t mentioned the Air Force, but count them and the Coasties too.
See the previous rule:
Never pick a fight you aren’t certain you can win.
Bitcoin isn’t going to win, unless its part of some negotiated lay-down. And gold and silver and cash are slowly being criminalized.
It may be too early to pop learned questions on you, but I don’t suppose you know who Mohamed A. El-Erian is, do you? You should:
Mohamed A. El-Erian (Egyptian Arabic: [mæ??æmmæd el?e??jæ?n]; born August 19, 1958) is Chief Economic Adviser at Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer at PIMCO, a global investment firm and one of the world’s largest bond investors, with approximately $2 trillion in assets under management as of December 2013. PIMCO is a company of Allianz.
El-Erian serves as chair of President Obama’s Global Development Council. He is a columnist for Bloomberg View, as well as contributing editor to the Financial Times and a member of their A List. In 2014 and 2015, he served on the panel of experts that judged and selected the Financial Times/McKinsey Business Book of the Year. He is also a regular contributor to “Project Syndicate”, Business Insider as well as Fortune/CNN and Foreign Policy.
El-Erian’s new book hit the top of my Kindle reading list Wednesday. The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.
It sounded like a “This is your nuts in a vice” kind of book.
Seems to have some good stuff in it, and despite the Fed’s current lock on American finance, there are two important head-coolers to keep in mind on this topic: One is that the rich don’t want the system to collapse, either, so it’s a safe bet they will attempt to salvage things at some level.
The other is where I mentioned that the courts or the ballot box is where long-term change without Quik-Clot comes from.
3. The Debate Tonight is eminently missable – and would have been even if Donald were to appear. And do I care what an anchorette may sling in the way of barbs and arrows? Not no, but hell no.
If people haven’t figured out but by now that Jeb is trying to perpetuate a Dynasty, they must be pretty dumb. This week even Donny Rumsfeld copped to that. (Why his new vidgame Double Solitaire doesn’t seem to be ported to Win-10 is just beyond me, but perhaps it’s because I am spectacularly stupid from writing too much and spending insufficient time joining the Steam legions…)
I would go further: If people in CaucusLand don’t know Trump is rich, Carson is talent and smart, that Cruz is a slick lawyer, and that no one else has a chance in hell, they should all stay home and leave the voting to us grownups.
The other ones who could stay home include Christie and Rubio. Maybe they missed my memo:
Never pick a fight you’re not certain you can win.
4. Between 9 AM and 11 AM, Panama took out his old water heater while I ran into Lowes and picked up a replacement ($347, thanks).
It was done by 11 AM.
Along the way, Panama suggested from improvements. But I explained no, we’re not going to do any “make the round hole rounder” work on the water heater. Same size tank, same location, new feed tubes and we’re gonna “get ‘er done.”
And this really gets us to the point of this morning.
It is fine to cheer this politician, cause, or trend. But when comes down to it, most of us are really faced with a lot of other tasks in life that are much closer to home.
And so it was that I dutifully followed my instincts, and in two hours including travel time, we had the project done.
The fact is we followed a simple rule.
We picked the one fighting Wednesday I knew we could win. And win we did.
The Internet is a fine community where people can try to work things out, but with all our time as a society on social media, sorry,. but I’m not seeing a payback. If anything, we’re getting more cocooned with devices and more acerbic and less tolerant.
In the end, I keep coming back to the one thing that keeping making sense to these tired old bones.
I pick a fight I can win and then I go ‘get ‘er done.’ I figure we could have a lot less news and a lot better country is more people were focused on that.
Write when you break-even (or get something done)