Imagining that you remember our advice (“Sell in May and Go Away”) we are not using this as a neener-neener moment. OK, I was tempted…
We need to sit back, thumb through books by Sun Tzu and von Clausewitz, and remember “Economics is war by other means.”
Even von Clausewitz got it wrong: War is about money and power; not a continuation of the political spectrum. Damn Prussians.
One thing he did get right? Unexpected events “Under the fog of war” is a pet gem. Which we can update today to read “Unexpected events, under the fog of media…” (You may think of this as a Carl’s (vC) junior theory.)
Speaking of hamburger? We see the crypto battlefield littered. Though Buy-the-Dips shills are – as always – touting fresh meet to the battle. Unable to accept a nutter in the woods could get it more right than the latter-day Daddy Warbucks selling electric limo’s. History doesn’t serve justice.
One of the most useful books on point – and been out since before Cryptomania was wheeled onto the battlefield – is Daniel Yergin and Joseph Stanislaw’s The Commanding Heights : The Battle for the World Economy. Read the book back in our sailing days.
I’d interviewed Yergin years earlier when his “Energy Future: The Report of the Energy Project at the Harvard Business School” came out back in 1979. So about 1980-ish. He struck me then (and still does) as a typical “brightest guy in the room” pretty much wherever he goes. Yale man – and they produce some greats. Well, except John Kerry, maybe.
Point is (before I lapse into “making a long story longer”) is that Yergin and Stanislaw got the battlespace concept dead-to-nuts. About the only thing they missed was projecting the Wunderwaffe of Geld (cryptos).
Like the dreaded Nazi V2s of WWII, though, crypto’s are not a particularly precise munition. They can go off anywhere without notice. Like the past couple of weeks, for example.
Despite the urgings of a former colleague, I didn’t buy cryptos when they were less than a dime each for BTCs. “They’re not ‘honest money'” I insisted. “Backed by nothing, they are simply made-up numbers with made up values. Worse, there are zero barriers to entry.”
Investopedia noted this year:
“One reason for this is the fact that there are more than 4,000 cryptocurrencies in existence as of January 2021. While many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors.”
By contrast, there are 193 countries in the world. The Holy See and the Palestinian State have other marketing problems than a national currency.
A lot of countries are just plain lazy, too.
Take Bonaire – or the British Virgin Islands – as examples. U.S. dollar users. Never understood why the Brits allowed that.
Bitcoin has gone from $64,400 recently to a hair over $40-grand this morning. We don’t argue there’s a certain buzz to trading a “dark asset.” One with no convertibility except what the floating craps game (exchanges) decrees. But playing “catch falling knives” has left us with financial bandages in the past. So we don’t play with power equipment we can’t fathom.
A recent article (before the slide) said Tesla holds $2.48 billion of Bitcoin | TechRadar. Chasing the pencil around it looks like a potential loss of $939-million. Less today.
Still, Elon Warbucks is able to move markets with a comment. We’ve been around long enough not to throw rocks too early. Not until we see how this Wunderwaffe of money works when the global governance crowd aims their “Ban Guns” back.
Oh look! There’s one now! “China bans financial, payment institutions from cryptocurrency business” reported Reuters.
This is gonna be epic.
Unless you have been following our thinking on the Peoplenomics side for a while, it may not be clear to you that:
- Although prices of many things (*lumber and copper to name two) have been going up, few people actually play commodity futures.
- Instead, China is touting the Digi-Yuan while the Coinwaffe stumbles forward on hype-shuck-and jive.
- Leaving the Government side to make up money to paper-over collapse. A moved aided and abetted by the Fed making up $120-billion a month in fresh gas for the bonfire of the equities. Whee! Confetti coin.
Elaine (fresh from hip replacement) asked me somewhere around 4 AM today “Don’t you think it odd that there’s a money war AND a biowar AND a climate war all going on at once?”
Since we view the world as seven major systems (food, shelter, communications, transportation, environment, energy, and finance) it was a great question.
“Not odd at all,” I posited. “Before the Global War ahead breaks out, trial runs attacking everything will be run. This is war we have never seen. Since last time. Feints of the Cash-ka-teers. Gouges of the Government.”
The thought being that “news” always proceeds “battle.” Bioweapons have had a years of press. Cryptos have enjoyed several. Cryptos the weapon of choice for non-gov challengers. Bio-weps are off the shelf (more properly COTS – customized off the shelf) of governments.
Gas prices (and the ransomware attack) tested communications, energy, and transportation. So the drop in financials really rounds things out. Assuming you score bioweapons in the “environment” category and markets as “financial.”
We may have to add “psychological” as an eighth dimension of our thinking. Because we see division by race, gender, spiritual beliefs, and moral positions in general as a whole field of psychological warfare. Just as we have “gridded” our thinking about transportation into (land, sea, air), so too psychological casts well as race, gender, religion. And it interacts with all the other aspects as well.
Systemically, it’s graceful. Wars cast long shadows before them.
Today’s news merely foreshadows 70-years of systemic organization. War comes along as an Entropy Event. Once done, the cycles are reset and the game (assuming survivors) will be set for future generations to play.
We have more (second derivative levels and intersectional effects-mapping) which we’ll pencil out on Peoplenomics next, but that’s a vastly simplified view of what’s to come.
Weekly Unemployment Filings
Philly Fed Report
Manufacturing outlook in the Philly region:
Current Indicators Remain Positive
The diffusion index for current activity decreased 19 points to 31.5 in May, after reaching long-term high readings in March and April (see Chart). Over 43 percent of the firms reported increases in current activity this month (down from 59 percent last month), while 12 percent reported decreases (up from 8 percent). The index for new orders decreased 4 points to a reading of 32.5. The current shipments index fell 4 points to 21.0 in May. Over 42 percent of the firms reported increases in shipments this month, while 21 percent reported decreases.
After the numbers, futures were down 95 on the Dow and 5 on the S&P. Better than earlier. BTC jumped to $42,000. Joy to the dippers? We’ll wait for a longer sample…
You know what “food islands” are, right? When rioting causes so much damage in a community, corporations move their stores (if/when rebuilt) elsewhere. Well, now behold what we label “drug islanding” as “Walgreens Closes 17 San Francisco Stores Due To “Out Of Control” Shoplifting.”
Government sanctioned discrimination is real: “Banks say USDA’s debt forgiveness for minority farmers will cost them money and could affect future loans. Black farmers call that a threat.” No, think of it as economics. Equality’s a bitch. Which is why ALL discrimination is bad. Following? Always blow-back.
Since Ukraine won’t “go hot” for a month, or so, it barely matters that Blinken and Lavrov to hold first high-level meeting of Biden’s presidency as US-Russia tensions simmer. But, in the long-term it could. So follow the moves on that chess board.
How Brainwashing the Kids works: Teachers’ grades biased to more ‘agreeable’ pupils. Which sucks when the teachers are overboard libtards selling gender uncertainty, and reverse racism salespersons.
AOC and the congressional left are out to screw Israel, sounds like: AOC leads effort to block arms sale to Israel. Well, except she’s not leading…
The process of Grandstanding. Here’s how the likes AOC operate: They “introduce laws” (like HR 3149) which carries the title:
“H.R.3149 – To expand access to health care services for immigrants by removing legal and policy barriers to health insurance coverage, and for other purposes.”
Yet, when we go to read how what we assume will be yet-another (socialist, screw the taxpayers and make illegal entry to the U.S. even more attractive) idea, guess what?
“As of 05/20/2021 text has not been received for H.R.3149 – To expand access to health care services for immigrants by removing legal and policy barriers to health insurance coverage, and for other purposes.
Bills are generally sent to the Library of Congress from GPO, the Government Publishing Office, a day or two after they are introduced on the floor of the House or Senate. Delays can occur when there are a large number of bills to prepare or when a very large bill has to be printed.”
Headline grabbing with no substance! We’ll keep an eye on this because we do worry about expanding giveaways – especially with tax increases for working people on the table. Nickel bet says it will give away even more to illegal aliens.
A Kamunist speaks: “Kamala Harris: ‘Asian Americans Have The Right To Be Recognized As Americans’.” See how the lefties begin with a false assumption (every Asian I know is recognized as an American, so WTF?) and turn it into a cause? I go to bed every night praying for Joe Biden’s health.
Finally, Someone asks the Right Question (besides us): Ransomware: Should paying hacker ransoms be illegal? We don’t look for any of the demagogues behind the razor wire to actually get ahead of this problem, but rather than give more away, government ought to actually FIX SOMETHING once in a while.
ATR: The Impatient Patient
4 AM Reality: “George my leg hurts.”
“I’ll get you a pain pill, dear.”
The Set-Up: Brought Elaine home from the hospital Wednesday. She then spent 3-hours (non-stop) on her feet. Feeling no pain because hydrocodone not only kills pain but gives her motivation. Wanted to draw and paint last night. Finally got her to eat about 6 PM by moving food into the living room and putting it on a teevee tray. Sheesh.
Thursday Menu Planning: Breakfast: Assorted fresh fruit, hash browns, ham, scrambled egg, toast, cocoa. Lunch: Turkey & cheese sandwich on croissant, chicken noodle soup, salsa and chips, assorted juices, slice of cheesecake. Dinner: All-day pot roast from the crockpot. Fine opportunity to watch the cook sip vodka.
If you ever plan to be sick, I’m not the warm and fuzzy type on doctor’s orders. They are “orders” because they should be followed for best outcome. On the other hand, if you want to eat well, let me do the home cooking for a week or three and watch the weight come back up. Her BMI was down to 18.63 as of discharge. Mine’s not quite double that.
Next week off we’ll start the physical therapy work. Bandage comes off Sunday. Still can’t get over hip replacement to walking on the new hip in under five-hours. Simply ‘mazing.
Write when you get rich, but don’t slip and fall,