Before the 1929 Comparison Chart, realize Bitcoin is collapsing. A canary in the financial coal mine has just keeled over.
$24,200 $23,846 as I write this, we regrettably are on track to another basic economic prediction coming true. With condolences to our readers who “took the plunge” into Bitcoin – who we fear are now “taking the bath.”
A Ponzi scheme as we have called in – even parting company with colleagues, due in part to their dishonesty over “making up money” which many said was not a scam. We offer what shapes up as our future as being evidence of the old P.T. Barnum “some of the people, some of the time.”
1929 Replay Progressing
We have closely tracked the progression of the present financial crisis. This is our third iteration of such analysis.
Our Inside Report series tracked the downfall of the Tech Bubble. A $7-trillion bend-over of tech investors. Where the Scapegoat was Terrorism. As the Tech Bubble failed – and with no new economic driver in sight – here comes “terrorism” as an industry. It provided for the immediate hiring of 250,000 people in “instant primary jobs.” Probably thrice that on diffusion effects.
Peoplenomics was our new brand when the Housing Bubble came along. We watched in horror as that “recovery from terrorism” (with no-doc loans and shoddy CMOs sales) led to another “bubble break low” in March 2009.
We’re not sure how to “name” the just-ending Bubble. We know it has a basis in “made up virtue industries” – which were needed to cover-up the export of core manufacturing jobs to everywhere but here where primary jobs would have been useful.
Our current Delusion Bubble burst will eventually be seen as having four corners to it:
- “Woke” has failed. It was promoted by leftists as a “new industry” when under Bill Clinton the Big Sell-Out to China was in play. Thus, one corner of collapse is the whole “intellectualizing” nonsense. Political Correctness spreading as a cancer into politics. Racial division profiteering, personal Plumbing Checks and Marketing (PPC/M), spinning of the “moral pop bottle” and all that. America’s multiple personality disorder (MPD) is seen in the schism between “talking the talk” of Wokeness, while “walking the walk” of greed. Sorry, kiddies. The only real magic is called work. And no, math is not racist any more than nouns are. The Illusion has cracked.
- Making Up Money is another. Two drivers of collapse and fall of empire are seen here: The collapse of BTC pricing *(along with other crypto’s and not to mention Crypto lending firm Celsius pauses withdrawals and transfers, citing market conditions). The incompetent Fools on the Hill and a Fed that “sells bonds” that the Fed itself is buying, while hoping no one catches on to the fraud. Are they kidding?
- Energy Pricing/Inflation. Turning off energy from Russia was without a doubt in my mind, one of the stupidest moves in economic history. The “Ukraine War” and Vlad Putin is only part of the cause. Joe Biden’s socialist “handlers” who killed coal, pulled oil pipelines, and stopped energy leases on federal land are more culpable on a fundamental basis. Except these socialists are presently in a weird alliance with the war-peddling Neocons. Emphasis on the “con” part.
- Covid the Big Scapegoat. We can see it coming already. In 2023, with America sliding deeper into hyperinflation – along with pernicious Drought causing famine here as well as worldwide, plan on watching hearings by bobblehead idiots on the Capitol embrace and demonize Covid – not corruption, delusion, PC, and sloth, as the proximate cause of collapse. You bet.
Not that we’re particularly prescient in all this. It’s just we’ve seen it all before. One template was the Weimar while another was the Western Roman Empire’s implosion. Economic data sets template-out as being predictable with (as Erik Satie would write it) Trois gymnopédies – Variations on a Theme).
Later today, you can hear the 435 Stooges Orchestra as here’s What to watch for at Monday’s January 6 committee hearing.
The 1929 Comparison Chart
This is ugly, but be of good cheer and face this down:
Ongoing discussion of the red, green, and blue arrows Wednesday for Peoplenomics subscribers.
However, if you will please direct your attention to this chart:
Our Long-Term Target is actually well below even the orange “placeholder for thinking” circled at the lower left. We have said from the initial lows that our targets for this decline sequence should – minimally – fill these targets:
Center of Gravity Matters
While our view of Markets has been pretty good, I also left my son a voicemail this week telling him that in addition to his firefighter certs (including current red card for wild land fires, OSHA-30 Safety card, and EMT credentials) that he really ought to get some kind of radiation assessment credential. That’s because our outlook for Ukraine and Taiwan has continued to deteriorate.
My consigliere picked up on it almost three weeks ago. “Notice how the mainstream has transitioned from Big Ukraine win to “uncertain outcome?”
Well, this is metastasizing in headlines now, such as Ukraine is running out of ammunition as prospects dim on the battlefield | Stars and Stripes. Which then leads to the propagation of glumness in places like Russia likely to seize control of eastern Ukrainian region within weeks, US official says.
Center of Gravity Shifting
All semi-predictable using Center of Gravity analysis:
The definition of a CoG, as given by the United States Department of Defense, is “the source of power that provides moral or physical strength, freedom of action, or will to act.” Thus, the center of gravity is usually seen as the “source of strength”.
As I’ve shown you this morning, four of America’s Centers of Gravity (Morality, Money, Manufacturing, and Medicine) are all experiencing dramatic failures.
Though Russia and China have their issues, make no mistake underestimating our own ills. Like famine, an open border, and a witch-hunting drooler. Yep, we’ve leveled our own playing field!!!
Matt Labash column goes down the same line of thinking in Just For Show – Slack Tide by Matt Labash (substack.com). Subtitled “How everyone from our Jan. 6 rioters to our gender-language police have turned America into an unreality show.” Resonates deeply and widely.
Double-speaking fumbler watch: Ex-PLA official on Taiwan policy: US paying lip service to One China policy (cnbc.com).
The risk as we move forward? Unreality or Otherwise, these next few weeks, will be that Russia is seen increasingly likely to attack back to the source of arms supplied to Ukraine forces – which is NATO/Poland mainly. Then, we tee-up the use of Non-Strategic Nuclear Weapons (NSNWs) this fall. We apologize for getting this part our out look-ahead work too early in December when we first talked about it. Or in January as we laid our Global War Lite: How the Future Gets Here.
This is NOT a situation where the “trend is your friend.” Quite the opposite as.
We may not cover the latest partisan this, or the current Kardashian that, (or Elon whatever’s) first. But we do, I think, get the BSTM (big shit that matters) better than most.
Useful in all of this is additional grounding via G.A. Stewart’s decoding of Nostradamus. Particularly in his most recent article about the comparison of Vlad Putin with Peter the Great. Stu’s been largely right for a decade on the Big Picture pieces falling into place. Why, between some linguistic fellow and a prophecy analyzer plus our odd views here, perhaps triangulation of Future can be pieced together.
Right path ahead? Skip cryptos. Instead, consider investing in survival gardening seems like a pretty good plan from where we sit. And make sure to slide into a career path where robotics won’t take your job easily. Get rural if you can. Big cities are big problems.
Maybe you were in tech? Down almost 11 percent in 11-days? Yikes! If the more general stock market in the US dropping 9.28% in 11 calendar days doesn’t have your attention, you’ll be able to mentally hide-out with crap like this while we await the next lockdowns from “airborne monkey” and “fallout” still ahead.
As the financial markets puke today Extreme heaat in southwest raising fears of health problems – The Washington Post is useful.
Food or Air Conditioning? At least in the context of the population food versus lifestyle choices now being forced. One example is shown in Drought-shortened water supply released down Kings River during peak demand | KMPH. Water for people and crops or to keep the chillers a chilling?
Roe versus Weather? How SCOTUS’ upcoming climate ruling could defang Washington.
Remarkably through all this, Capitalism still works. As seen in Forbes How Selling $160 Sweatpants Turned A SoCal Surfer Into One Of America’s Richest Women.
Quick! Another New Industry spotted! COVID-19 funding could improve air quality in schools – Los Angeles Times.
ATR: Garden and Hobby Shop
We are publishing a little earlier than normal today. As I have continued to evolve improvements to the swamp-cooler airflow in our Garden Room. A couple of hot air exhaust fans will be going in by the time you read this. Which will cause more outside air to be drawn in and thus lower temps.
I did want address some criticism that popped up in the Comments section about our UrbanSurvival ShopTalk Sunday: Build Your Own Hobby Shop column.
One went to the idea that flying model airplanes are a waste of time. Honest, to God, people – do we have to spell out everything we are working on in GARPA (George’s Advanced Research Projects Area)? Let me give you a list and then see if you can connect the dots:
- We live in a semi-remote rural area.
- We have three wireless networks some of which is used for video cams.
- We like Hoppe’s #9
- Ure has a genuine commercial FAA UAV license
- Ure also has the FCC Extra Class Ham license.
Unless you’re a complete idiot (Oz? You copy this?) you ought to be connecting the dots to something with more “persistence and range” than an electric surveillance drone. In our forward-looking world of personal protection *(not dissimilar to force protection – just a LOT smaller budget), multi-mile perimeter awareness.
Something with 5-10 mile, FPV range, and an hour or more of “loiter time” (under 400 feet, ‘natch) would not be a bad “marriage of interests” would it?
The focus on Dollhouse Scale? I can get a much better view of something to be built by simply building a scale model. Sure, I’ve designed things in software with 3D walk-throughs and material lists. But it’s just not the same. Not sure how 3D will ever get to the “tangibility” until the “neo-link” crowd cobbles up the “tactility plug-in).
The model ship part? My next birthday in early ’23 will push me to 74. Elaine’s on approach to 80. While we still act like kids (or rabbits, lol) we still get to have fun. Paintings and art or flying platform schemes seems to work…
Absolutely amazing! That’s how my spin on Moo- Shu pork came out last night. I’d run out of Hoisin sauce, so I subbed in Char Siu sauce and a tad heavier on the oyster sauce. Couple of vodka water shots to warm up and oh, my, lordy what a meal.
Tonight, we’ll be doing fajitas. Love this kind of cooking.
One confessional? We used flour tortillas for the moo shu instead of going the extra work for Spring Pancakes. But, next time this part of the cooking cycle comes around, maybe we will try Spring Pancakes for fajitas. Could be interesting…
Black bean sauce, mirin, and hoisin sauce all on the resupply and expand into prepping stores list now. Lot of people are getting down to serious prepping now. As, for example, Are the Obamas prepping for the Apocalypse?
NFIB Optimism and PPI tomorrow morning. Do we know how to have fun, or what?
Write when I get full,