Ask a simple question and oh, do the answers get complicated.
But since you (and both of our other readers) were appointed to our new Board of Directors Monday, we have seen lots of good – mind expanding – ideas to deal with our June bug problem.
If you just got out of rehab and missed it, the airplane hangar is over-run with June bugs, but how to deal with them is what’s on the table.
First, Ures truly was reprimanded by the BOD for being too quick to use off-the-shelf pesticides. They work, they’re quick and all the labels promise. But they are not necessarily good for the earth and that was the main complaint.
I don’t care about killing the critters – repelling them would be fine and its here the Board’s guidance gets a bit wonky.
Other than the moth balls joke, the best suggestion was that we order some peppermint oil (done) and see how that works. So I ordered 16 oz Peppermint Essential Oil (100% Pure & Uncut) – GreenHealth which will set us back a $35 bill, which wasn’t planned.
The suggested use would be to mix with water and spray along the whole perimeter and keep them out that way.
Apparently, the little critters don’t like the smell and are put off to the point of going elsewhere.
But there were other home remedies offered, including putting a mixture of oils, garlic cloves and cayenne pepper all around, but that didn’t seem like a good idea, at all. We figured it would smell like we just flew in from Italy, or something.
Peppermint oil supposedly works well as a pest repellant. We’ll find out this week, I suppose.
A dissenting group of the Board offered a different approach: get an animal.
A few suggested rats or mice, and yet more voted for a cat. And here’s a particularly grotesque one for you (weak stomach alert!):
Take a course in STALKING MICE,and a follow up 3 course meal of rat,cat and dog for dinner -by your local china town restaurant ,,just joking of course ,a sick joke neither the less, just joking, except that is what people did during the last depression
Yeah…we seem to forget that during the last Depression people ate all kinds of other foods. I remember (being not exactly rich when I was young) eating horse meat.
And this gets us sidetracked on a different kind of discussion: If you were hungry and needed some protein, how far exactly would you go to eat?
I know that many cultures eat rat and some eat large prairie dog kinds of critters (Mongolia if I remember) and yes, one of our prepping options around here is a .22 with scope to have a kind of last-gasp option with things like raccoons, possums and squirrels.
I know this is a little off-track but I’m burning daylight until the peppermint oil gets here and we won’t know until I do some field testing Friday.
So in the meantime, our first board meeting has been a rousing success.
It’s given me a multi-zillion dollar idea for a new book. I’m going to title it:
The So Gross You’ll NEVER want to Eat Again Diet.
It will be filled with gross tips on what people eat when times get tough. Perhaps a whole chapter on the Donner Party and then selected reads from Upton Sinclair. I remember losing a pound, or two, when I read The Jungle which (if you forgot) was about the packing houses in Chicago.
Given the deterioration in American society, I figure this can’t help but be a best-selling. Just remember, though if you start receiving loads of invitations over to dinner – especially if you’ve been power lifting and bulking up at the gym to be sure and find out what’s on the menu.
Like that old Twilight Zone episode – “To Serve Man” – know what I mean?
Let me know how breakfast was… think I’m gonna pass!
I’ll never forget Louis L’Amour’s description of a Mulligan in a battered shack on the beach when he was waiting to hop a ship out of Long Beach in his merchant seaman days…back when.
Economic Answers for Curtis
Who is Curtis and what did Curtis Write, you’re wondering? (Call the4 pun police!)
First off Huge fan and daily reader. Love the straight to the point topics and style of writing.
Second, can i get an “English” answer for how to read the M1 and M2 charts you are posting from the Fed Reserve. I have read a few articles and understand what they are, but how do I translate the data. If you would be so kind as to help explain this i would appreciate it.
First on the writing style – that’s a far too generous assessment. But you are forgiven if you bring 100-new readers to the site.
Answer #2 is a little more complicated. Goes something like this:
Once upon a time “money” had two purposes. One: It was a storehouse of value. It was made of something that would be hard to counterfeit and therefore held value over time. Two: It was a medium of transactions. You gave the innkeeper a coin of some kind and they’d pour you some mead.
The problem with this was that when times were hard, the transactions dried up. People held on to what little “money” they had, since it was a storehouse of value, they figured (being afraid of no food or eating Bowser as we just discussed) they might need their “money” next week.
Which is where the Virtual Cycle and the Vicious Cycle come from in modern economics.
In the Virtuous Cycle, the mindset it, here’s how it might code in George’s Esoteric Programming Language (GEPL):
[GOSUB} “The more you spend, the more you want, so the more you buy, the more jobs are created – and that gives you more to do, you make more money, which gives you more to spend…[RETURN]
At some point (due to taxes, wars, lying sh*thead politicians, slanted MSM yada, yada the public loses its collective mind and flips in a kind of bipolar way: Sometimes set off by job loss…
[GOSUB] “The less you spend, the less you want, so the less you buy, the fewer the jobs – and that gives you even less to do, you make less money which gives you less to spend [RETURN]
By the end of the 1800’s. the political bankster class had figured out that there was something fundamentally wrong with money. Sure, it facilitated transactions but this storehouse of value stuff, well, can’t have that and keep increasing consumer demand.
So they asked the bankster what to do and the answer was the Federal Reserve which in a sense rents us our money but in a much more concrete way has been hounding the storage potential out of money (decoupling it from gold and silver or any other real store of recognized value) and they have moved it to a 95% transaction tool.
They’ve done this with the dual mandate which says the availability of money is open to manipulation just so long as it a) maximizes employment and b) results in price stability.
All of which would be fine, but we are – as a nation – presently in GELP Programming sample #2 – the Vicious Cycle thing.
Oh, sure, there’s a huge boom in apartment building, for example. But are the apartments BIGGER? No. Life (and this is what Peoplenomics is about tomorrow) is being VIRTUALIZED.
And the problem is that virtualization and the vicious cycle are nearly indistinguishable from an economic standpoint. In the sense that they both a) kill jobs b) kill whole industries, and so on.
The policy response is to print up even more money so people will think there’s lots of it – and they will hopefully come to their senses.
And one way to look at how hard the Fed is “stepping on the gas” (since money – from the transaction standpoint acts a lot like grease) so they jam up money creation.
Normally, if they did that (all other things being equal) we would see a huge run-up in prices.
Think of it this way: If milk costs $5 a gallon and you double the money out in the system, if should go up in price to $10 a gallon, right?
That would encourage you to spend now ($5 milk) on the prospect of being able to enjoy milk when it’s $10 a gallon.
Milk, of course, doesn’t store well or generate income – which is why we invest in real estate – but you get the idea.
So how to use the M1 data: We look at this chart over here and say “Gee, mercy me, looks like velocity at M1 hasn’t been this low since the major recession of 1973-1976. That was the one that featured the “Will the last person to leave Seattle please turn off the lights?” billboard. Same thing could be said of Detroit now.
Next we look at the M2 velocity chart here and exclaim: “Why things haven’t been this bad in my whole lifetime!”
Last, but not least, we look at MZM (Money zero maturity or instant money) to see if everything isn’t just distorted by high speed computing. No, money has never been this “stagnant” in our whole lifetime, either.
There’s a message in there – a familiar tune around here. The American Dream is imploding. We haven’t come up with a new National Dream to sell. As a result, the economy comes down with Donner Party disease and begins to eat itself.
In order to reverse course, we need a new dream and a new vision. But, and this is around the fringe of tomorrow’s Peoplenomics, if everything is being virtualized where’s the growth?
Yep…that’s the problem and why everything blows up into another Depression.
You can’t have disposable human capital and reusable code (and EVERYTHING is in code libraries) and expect a happy ending.
We can hardly wait for the next GDP set from www.bea.gov. If things are still in free-fall on velocity, we’ll hold off on pulling the trigger on things like new car and what-all. On the other hand, a bit increase in GDP would get us excited…but as always, we just wait for the numbers. But it’s how I use M1, M2, MZM – and you could toss in Trader Bart’s M3b Reconstructed, too.
You can see the problem in Bart’s chart: No matter how much they print at M1, M3b is still in decline – something St. Greenspan likely knew was in the works which is why he went to all the trouble of “hiding the sausage” by killing the Fed M3 report.
Can’t have us “everyday, ordinary Americans’ seeing how the game’s rigged, now, can we?
Right About Bitcoins
A reader (not Curtis, a different dude) asked me the other day about a former soothsayer colleague and others who have been very much down on Ures truly for his skepticism of Bitcoins. All I can say is the proof is in the pudding.
As you may recall, we did “Chart Practice with Bitcoins” back in early 2014. I heard I’d been labeled a fool, charlatan, and worse around the net. Luddite, corpgov stooge – the whole heap. That was when BTCs had fallen from $1,180 to about $571. Ure lacks vision, one reader insisted.
Then, in September of last year, we eliminated some of the chart estimating options, when BTCs were around $375 and we held to a bearish case.
Ure’s a trog! Anti-progress. Government sell-out.
Somewhere along in this period, IRS – as Ures truly predicted – ruled that gains on BTCs were taxable – just like any other gain. D’oh, Ure got that right too; the free lunch bunch was wrong. Again. Gains are always taxable! Scream police state all you want, but they have the guns and the courts…so freedom is something you rent. It’s a commodity.
Yet here we are this morning and BTCs are down to $221 and change. Is it bouncing along trying to put in a bottom? Maybe…maybe not.
I did want to mention it though, because someone asked. As a DailyBeast article noted early this year:
So for the reader who asked me about my view of Bitcoins really has a simple answer: I will buy when I figure a bottom is in. But until then? I didn’t get sucked into the Iraqi Dinars, either.
Still, it would be nice to hear an apology once in a while when I am right about something. But I’ve given up holding my breath.
Write when you break-even