Housing Data Shortly
Fly Me To the Moon, bossa nova, seems like today’s starting point.
With Dow futures pointing to a 300+ point pop at the open, it seems all the world’s gone mad.
The data we’re seeing just doesn’t “add up” the way it ought to.
Gold prices – for example – are cratering. Seems everyone has a reason for it: Turn on CNBC and you might hear Gold falls as vaccine hopes, Biden transition aid recovery bets. But wait! Why would gold have run up because of the vaccine? It doesn’t have anything to do with the cure, does it? Of course not.
On the other side of things, Bitcoin has continued to live in the rarified air just over $19,000 each. Considering that, at their core, a crypto-currency is nothing more than as hard-to-hack made-up number, that’s pretty outrageous. Real stunner. OH…and did I mention stupid?
Not that I hate cryptos. In fact, as I explained to subscribers, I’ve filed a patent application for a means to tie cryptocurrencies to various forms of digital rights management. At least that way, cryptos could have some fungibility, rather than just a fast line of bullshit about “exclusivity” but with no barriers to entry. Which is why there are what,. 2,000 currencies out there?
Again, this speaks volumes about America’s lack of tying reality to the ground. We’ve moved so far into the digital life that we have shucked the moorings on tangible physicality.
In short, we’re nuts. Evidence? See: “Futures, Bitcoin And Brent Soar On Biden Transition, Yellen Return.”
The Great Bifurcation is upon us. Perhaps this is the period of great religious texts: Ascension of the Masses. Still, a few of us (144,000?) are left shaking our heads. How many rolls of toilet paper, garden tillers, packages of seeds, fertilizer, watering cans and water collection system, and college credits can be had for the price of a single (environmentally damaging waste of energy) Bitcoin?
Damaging? Sure: Bitcoin.com reported in August that “The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power.”
Anyone who believe in climate change and Bitcoins is a frigging psychopath. No, guess the DSM-5 would call that schizophrenic…whatever!
And all that power is used for what? A silly game of making up “hard to guess numbers. ”
It’s mornings like this I eye an 18-year old bottle of Scotch and ask “When, between your being bottled and this morning did Earth go crazy?”
ma…ma…ma…My Corona….. We can’t blame coronavirus.
But we find it insidious and dangerous that the World Economic Forum is proposing a Great Reset.
When – 120 days from now, plus or minus a panic – global collapse sets in, Globalists will try to sell the idea of “redenominating” everything.
It will be their excuse for reinflation. And it should be staggering. The hints are already out there. The story last week (you undoubtedly missed) “Commodity valuations at 100-year low says fund manager up 60% year to date” makes it clear. Commodities are at lifetime lows as fractions of income.
Rest assured, that won’t last.
It’s Thanks to Velocity
One reason hyperinflation is at bay (for now) is that the velocity of money (at M1 or M2, makes little diff) is at lifetime lows. The “turnover of cash” hasn’t been this sluggish since the 1950’s:
In fairness, the Velocity at M2 ticked up a bit at Q3, but fundamentally with Public Debt to the Penny today at $27.258 trillion and annual GDP running $21.157 trillion, it doesn’t look too bad. I mean we’re only looking at 28% more debt that income, essentially.
Until, that is, we look at the insane printing of money (since that’s how GDP is computed). On a more honest planet, the euphoria would disappear if we measured unit sales.
Instead, though, we measure dollars. And so far this year, we have made up how much? Well, at M2 (non-seasonally adjusted because that’s another snake-it of lies for convenience) we can look it up in the Fed H.6 money stocks confessional. Which only seriously rational people look at.
M1 & M2 Matter
Says here that M2 was 15,422.8 billion. Which we will short-hand to 15.422 trillion. At the end of the latest reporting period? $18,876.3 billion which parsed to 18.876 trillion. Divide the later by the former? Rounds off to 22.4% more money sloshing.
The Excedrin part comes when you back down GDP to account for monetary inflation of, oh, let’s use 20% and lie to ourselves that actual unit counts went up in the year of Covid for something besides gloves, masks, and media hype.
GDP on something approaching a constant dollar basis is then $16.92 trillion and the debt figure is then 161% of GDP.
And what happens under those conditions?>>> (need a hint?)
This is what was going on in Zimbawe when Robert Mugabe went full-on socialist “make up money.”
Fiat money is a lot like crack. I have my Zimbabwe Trillion Dollar note up on the wall here to remind me: In the end, a trillion dollars isn’t worth much.
Except when there’s a run on toilet paper.
Cue Mr. Serling: “ That signpost up ahead…You’ve justed entered the Biden Zone.”
That Means the “War Party”
Our military affairs whiz, warhammer, a retired brother of the oak leaf cluster sort with loads of B-52 under him, is concerned with the return of B52s to the Middle East:
Deploying the venerable BUFF (big ugly fat f***er) to the Middle East (most based likely out of Diego Garcia) has but one purpose. Forward presence. The U.S. Navy is surely within range of any potential ground target in the region, but as the article observes, the optics of the strategic ‘Swiss Army Knife’ of conventional bombers (nukes too, of course) flying overhead tends to focus one’s attention.
Should Biden decide to terminate the deployment after his swearing-in, it will be difficult to downplay the move with security conscious U.S. citizens and regional allies alike.”
With the Trump administration’s move of the US embassy in Israel to Jerusalem, we have to wonder what else (perhaps labeling changes to West Bank-made products?) will be undone by Joe and the Kamunist government?
Auto recall note: GM to recall nearly 6 million vehicles in U.S. to replace Takata air bags.
CNN finds a story they can cover! Thanksgiving week weather forecast — where storms will keep you indoors.
One underplayed election story lit up as we cruised the MJBD today: Election underscores voter shift in favor of marijuana legalization.
Except here in Saxet… backwards is spelled Texas!
Life as Episodes
One of my most useful personal improvement, contexting, and making sense of your life. Thanks to all those episode series on television. (Yes, we’re glad Blacklist is back, too…)
Sit down with a piece of paper and divide your life into episodes.
Here’s the reality: We’re all going to die.
There’s plenty of evidence (religions, near-death experiencers) all pointing towards a “life review” at death. “My life flashed before my eyes” kinda thing.
So, who (besides us) is consciously writing a kick-ass adventure series with our lives? (Bet damn few and you’d win. Most just mark time…)
Here’s how my “George’s Life – the series” maps out (in part):
First episode features the epic struggle to live with asthma and eczema, severe allergies to many things.
Second episode is going to school as a white minority student in a mixed race setting. That was a good one, since that’s where “We’re all people” and skin color has nothing to do with anything except among bigots of all colors was learned.
Episode three is the big breakthroughs in ham radio, electronics and a time division multiplexed SSB radio I penciled out. Later it was built by Furuno, but no connection to my device. (drat!)
Episode four: The UFO abduction of the Major and me. Near Mt. St. Helens, logging road, August of 1968.
Episode five... the Six Month Marriage adventure.
Episode six: Learning to Fly: Discovering the accelerated stall…quite by accident…
(tons of neat episodes: Marriage #2, Parenting 101, The Big Divorce, Wild Bachelor days…Single Handed Sailing Adventures…you get the drift…)
Present episode, filming now has a plot synopsis like this:
“Now into his 70s, the hero, accompanied by his former bunny ife of 20+ years attempts o hack space-time in their home recording studio using sound. They’ve come to suspect that a “right combination of light, sound, smoke, humidity, statics electricity levels (ionization) and more could breakdown space-time and open a portal.”
More on this (and 3D printing adventures) on CoastToCoast with George Noory tomorrow night (where Wed and Thurs meet.)
This present episode may have an IRL analog – that “portal” that was said to exist over Skinwalker Ranch in Utah. Which is a very interesting Amazon series to watch, if you haven’t.
While this Life series sounds like an impossible work of fiction, an alternative to the present episode really sucked in comparison:
“Now in their 70s, the happy couple retire to a small condo while people are all trying to infect them with a killer disease…”
Another episode not filmed that didn’t make it?
“With our hero is in his 70s, the world runs into famine and heroically, he and once-upon-bunny take to gardening, raising solar power, becoming a regional communications center, while shooting the occasional intruding gang members…”
This last is NOT the series we want to star in, but if we don’t get a whiz-bang, gee-whiz on the present “series” that’s the one more likely than the “Move into condo, waits for death by inactivity, while dodging disease carriers.” As a further episode, you see.
Which is why the emphasis now, stocking up for the next episode…
When seen in this perspective, maybe the present “film” of Life will have a surprise ending. But which one?
- Wins the Lotto for $25-million
- Successfully reverses aging
- Is appointed to a political office to fill out an unexpired term
- Because 3D printing/manufacturing magnate
- Writes a NY Times Best Seller in his second novel in the David Shannon adventure series
- Has an out of body experience – sees the rushes of earlier episodes and comes back for Season 2… wow! Would that be bitchin or what?
We’ll keep you posted as it shoots.
Now: Go write your life, (or right it!)