Although initial reports had pegged the overnight California earthquake at 6.7, the reviewed event still came in at 6.0 up along the Nevada border region:
Also called the Antelope Valley area, this is well east of Elk Grove, Napa, and the other towns east of the Bay area. Still, it is a useful reminder that the mountains are on the move; just slower than most of us follow.
Will this morning’s quake trigger more to come? Sure – certainly. But the time scale is what matters. That’s what science has spent decades working on. As the number crunching continues, the action point is whether an entire state worth of people (at earthquake risk, to one extent or another) has a two week supply of water. 15-gallons per person, minimally at a gallon a day.
We remember driving throughout that area and seeing the angle up-thrust formations and wondering “How long did those take?” Today the question is when.
Spendathon is ON!
Like everything else in the way of useful data, the Fed is slow getting numbers about the economy out. Though with the Consumer Debt Report faster reporting would be tough, did you see how much “money we don’t have” people are going in hock for?
As we figure it, data and self-interest are colliding right now without people considering ripple-effects.
So we have media – touting “Inflation is coming, Inflation is coming! And we must herd the Sheep…”
The brighter of the flock say “No shit, Sherlock. If 10% inflation or more is coming (Fed M1 inflation has been 7 times that) I’m going to buy now while I can still get money from the Banksters!”
Which drives up short-term rates, so things like new home sales slide, which kills lumber prices (except for sheet goods which is its only little shake-down racket). But the press, having no real skin in the game doesn’t mention this.
But when earlier this week rates tumbled (1.25% on the 10-year) people started wringing their hands and loading up on pills.
Yep – the American way: Everyone wants to lead, everyone wants free lunch, and everyone is Right. And everyone gets a Trophy.
Totally fahcking unworkable, but we’re living in the global realization of Fantasyland! Here, here, spend there!
“Psst! Wanna buy some stocks on the cheap, buddy?”
Why, it’s Dead Cat Friday!
After a fair-sized break in market confidence Thursday, all is painted well in the markets ahead of today’s open: Dow futures were up 160 and change, the S&P up 7.75.
More to the point, in Europe, France’s CAC-40 was up 1.5% but the Brits and Krauts were up 0.66%. Interest rates have recovered – momentarily – while gold and silver at hem-hawing around Thursday levels.
Our outlook remains guarded: we have a completed Elliott wave sequence. What we don’t know is whether this is the Humpty-Dumpty that brings it all crashing down (possible) or whether the print-happy Fed (aided by global cooperating Central Banks) can keep on with the “air bridge” over the financial abyss.
Not even especially interesting to watch, though, at this point. As of the close Thursday, Elaine and I had less than 3% of net worth in stocks. Even that much seems foolish. Guess I’m addicted to “lunch money Keno” games.
Commodities Matter More
Hot money seems to flow where highest returns (and volatility) live.
Today, we notice the Lumber contract is back down to the $775 area. For the keto crazed, live and feeder cattle are both down a percent, or so. Biggest loser early was canola, down 6%.
Interest rates are up a little overnight, but a good analysis in the NY Times biz sections tells us The Bond Market Is Telling Us to Worry About Growth, Not Inflation. Which gets to the heart of what may be a long woo-woo report in a minute.
Bitcoin, in what we’ve come to think of as the CrimeCoin category, was trying to hold $32,900. Not advice, but my personal expectation (and no, we don’t own a “wallet”) is that it will slide under $30,000 and perhaps down to $28,000.
A few headlines that matter: Many having to do with the “delta variant” but with lambda coming along, too.
“Europe’s Summer in Peril as France Warns on Spain, Portugal (msn.com)” which is odd that it hasn’t popped as much here. EXCEPT two of our dear friends we’ve known for years reported they’d come down with CV-19 in the past week. They’re suspecting it was unvaccinated grandchildren visiting as the source.
Still, we think Rand Paul is getting a little ahead of the data. See “Rand Paul to Introduce Legislation to Repeal Mask Mandates on Planes (breitbart.com)” for more.
And – as we’ll get to in the woo-woo section this morning, “To Mask, or not To Mask, that is a fine question…” FAA fines airline passenger more than $10K for refusing to wear mask | TheHill.
At the Big Picture (over cocktails here) we’ve been kicking around CV-19 measures as not a dissimilar template to Birth Control. The way we figure it, the government shouldn’t be able to require birth control or sterilizations. And in the same manner, they shouldn’t require vaccinations.
But, since in the case of Birth Control, we know “Life is a communicable disease” and both parties share responsibility for an “outbreak…” It stands to reason that wearing a mask (regardless of vax status) is part of the “First do no harm” edicts of Medicine.”
Our outlook continues to be “membership in the control group of unvaccinated” but at the same time, we remain isolating and masking even when we do a drive-by grocery pick-up in town at Wally World or Brookshire’s.
Please Note in Passing
Filed under Voodoo war? Two Americans Arrested In Assassination Of Haiti President : NPR.
Financial Fashion ain’t just about hemlines: Levi earnings crush estimates, retailer raises 2021 forecast, citing strong denim sales. So plan on working more next year. Workwear matters.
On the personal excellence front: 11 of Our Best Fitness Hacks of 2021 So Far (lifehacker.com). My exercise regimen is going to the gym/guest room bathroom where the coffee-maker is. Repeat three times. Then spend the rest of the morning walking back and forth recycling…
Time to take some meds, maybe? Lincoln Project’s Steve Schmidt: Capitol riot worse than 9/11 attacks, ‘likely to kill a lot more Americans’. AYFKM? Fairytales anyone? Someone ought to mention The Boy Who Cried Wolf – Wikipedia.
Another fairytale? Sure. How about “Business groups, unions join together on infrastructure plan“? It’s all about free lunches, not the wolves outside. If it was, wouldn’t the door have been shut? (Oblique ref to border if the bean hasn’t struck yet…)
Woo-Woo: Chattel Battle and Clickanostra Rising
As I mentioned earlier this week, I went and built a new and improved version of the “Speed Crown” and already the effects (or my imagination) is kicking in. Up at 3:19 AM totally charged with energy. After an AMAZING series of lucid dreams.
The dreamquence was impressive: Began with an insight into how the balance of Internet Collapse will take place. In the dream, I kept seeing this formula appear (but couldn’t write it down on waking, sorry) but it was used by the emerging Clickanostra (*data highwaymen of the Digital Dark Ages) to “tune” how much they would demand from commuter rail systems to NOT have trains jumping tracks on corners all over the place.
Yeah – the way it worked was the train controls had been hacked – and if the rail operators didn’t pay (daily, modest amounts of cash) – shit would [literally] come off the rails. Their message? “If people die, not our fault. You should have paid…”
This dream was apparently triggered by my acquisition of an Instructograph Morse Code teaching machine; plus 16 tapes.
This had triggered my brain to begin researching a remodel for my home office which doesn’t presently have any particular theme (other than “mad scientist”) to it. I was looking at old-time telegraph offices, logos for Western Union and the like.
Near as I could figure it, railroads would be a grand ransomware target. Because they need to be used to keep America even partially functional and if priced right, it would be a dandy, recurring revenue stream.
The Rise of Digital Racketeering
Extensible thinking (as in .XML-like) is what we do a lot of around here. Especially during those 12-minute breaks to use the speed crown. In the last day – or three – my brain has been working on solving a problem we (the whole world) is about to go through and have not yet put into words.
Because – linguistically – if we don’t have a “word for it” then we can’t conceptualize a new thing. Can’t talk or thing straight about it.
I want you to line up everything you know about digital Life on one side of your head now and hold it while reading this Wikipedia snip on Racketeering:
“Racketeering is a genre of organized crime in which the perpetrators set up a coercive, fraudulent, extortionary, or otherwise illegal coordinated scheme or operation (a racket) to repeatedly or consistently collect money or other profit.
Originally and often still specifically, racketeering may refer to an organized criminal act in which the perpetrators offer a service that will not be put into effect, offer a service to solve a nonexistent problem, or offer a service that solves a problem that would not exist without the racket. In many other cases, however, traditional racketeering may also involve perpetrators or racketeers offering an ostensibly effectual service (such as protection from other criminals) that may in fact solve an actual existing problem, with the racketeers offering to protect a business from robbery or vandalism; however, these racketeers will themselves coerce or threaten the business into accepting this service, often with the threat (implicit or otherwise) that failure to acquire the offered services will lead to the racketeers themselves contributing to the existing problem. Particularly, in many cases, the potential problem may be caused by the same party that offers to solve it, but that fact may be concealed, with the specific intent to engender continual patronage for this party.
The traditional and most common example of a racket is the “protection racket“, which promises to protect the target business or person from dangerous individuals in the neighborhood and then either collects the money or causes damage to the business until the owner pays. The racket exists as both the problem and its solution, and it is used as a method of extortion.”
Emergence of Digital Crime
I didn’t put all this detail in my book on the eventual collapse of the Internet (Broken Web, Ure, 2012) but it’s clear that we see a definite pattern in people’s wiring. From the emergence of a “new technology” until the onset of its perversion on the one hand, and one its adoption.
Take radio, for example: This has been an ongoing “cat and mouse” game that has played over at least a century. Radio’s employment as a “crime-fighting tool” followed the emergence of organized crime syndicates (families) during the lead-in to the last Global Depression. 30-40 year lag.
Pioneered as much in the UK as the U.S.: “Police radios were pioneered largely by Capt. Athelstan Popkess of Nottingham City Police in the early 1930’s, with trials commencing in 1931, and the results published in a 1933–1934 series of articles.”
Today, I don’t think there’s a (commercial) burglary crew worth its salt that doesn’t go at least two-deep in radio: Using GMRS and cell phones with headphones to alert one-another when police are approaching their crime scene. (*I’m shocked more cops in industrial and business sections don’t monitor GMRS and have “instant direction-finding tools.”
Point is, even criminals adopt technology. And with so many Lex Luthor types today, it’s only a matter of time (and in this discussion of the Internet) before all manner of physical crime is replicated in a digital analog.
How long before – somewhere on the dark web – a small business owner in a competitive situation won’t be able to find a “hook-up” who will destroy his competitor’s databases?
So now we have shown how digital protection rackets are evolving. And I think I should stop writing too much, now, except to say that big data hacks are generally done on Friday with good reason.
When the weekend arrives, servers are generally still connected to the Internet and since business is 24/7 on the web who can disconnect? Only the largest and most successful (like Amazon, Wal-Mart and that scale) can keep world class IT pros on tap at all times.
The rest? There’s no IT Pro looking at network monitors, it’s like (in the 1920s and 1930s racketeering era, not having a “night watchman” employed.
Yeah… I’d tell you about the “learnings” from the other dreams – which included “smart key theft” of cars that may be unlocked (and more) via satellite. But that’s probably best not laid out, yet.
Adopt two-factor security when you can with your personal wealth.
Things will be along on schedule. We just show the “trailers” here every so often.
Digital Crime Families
For now, the crime families are running phony digital money, which they are turning into protection payoffs. Government’s still got the “tax chattel” franchise, but the challengers will add a payment layer through ransom. Then there’s the pharma families who we suspect have semi-annual vaccination ransom schemes up their sleeves, too. And the weather-jacker monetizers. And the Color Rackets…yee gads.
Yep. Interlocking world of crime families. Things to be avoided by sensible people, but in the end its always “the odds.”
If you haven’t bought “independence” yet, it’s time to get a move on. Freedom and autonomy have a shelf life. And the Clickanostra may have sent one of their goons to your email, already.
Just remember, you can’t con an honest person. But, who (except us) is left in that category?
Off to 12-minutes of light crown and then breakfast. I have a telegraph office / radio shack hybrid to imagineer in coming weeks. Can’t spend all my time writing, can I? Got a couple of Peoplenomics subscriptions to process, too. Busy day out here in Paradise. Where work persists despite rumors to the contrary.
Write when you get rich,