Screams for dot-connecting and future-projecting are being (not surprisingly) being missed again by the Mainstream Media. Clowns wouldn’t know their tuckus’ from Technicolor.
Which Two Stories?
#1 is easy-peasy:
Cyber attack shuts down top U.S. fuel pipeline network (trust.org) with similar coverage in Fears of a gas price surge after ransomware attack shuts down America’s key fuel pipeline | Daily Mail Online.
Fears, we would add, that are somewhat well-founded. Gas futures were up 1 percent and change in the pre-open.
#2 is less obvious.
There are only hints – but just that – in stories like “Bitcoin’s Waning Dominance Stirs Warning of Crypto Market Froth” on MSN.
Now Connect the Dots
A little context from history to begin.
One of the major stories from the (first) economic Depression was the Lindbergh kidnapping. Charles (Atlantic flyer) Lindbergh’s son was taken in 1932. Media sensationalized the hell out of it.
As judged by our take on Markets (using the Peoplenomics Aggregate Index) the “honest top” of global markets was in February of 2020. To be very specific about it, in our study of the clockworks of history, this morning’s trading will place us at the event-rhyme of October 6, 1930.
We can generalize that during this portion of the Economic Long Wave – that is, following a massive market top – there is a tendency for Major Kidnappings to occur. In 1932 it was Lindbergh’s child. In the modern case, a massive energy pipeline moving 45% of East Coast petroleum product was kidnapped.
Can’t speak for you, but this “Being in Kidnapping Hours” of the economic day is a mighty interesting thing to behold.
But Here’s the Big Kicker
I have told everyone I know that there are several (obvious) reasons the Ure’s never got involved in the present-day Crypto mania:
First, it’s not honest. That is, the ONLY claim to fame of a crypto is that it is (at its core) a very difficult to duplicate unique number. Believe me, I can make up long, complex alpha-numeric sequences all day. But put the process into computer software – tout it from the rooftops as a “must have” – and some portion of the easily-programmed, weak-minded will buy it.
Working on honesty and ethics, we don’t believe in taking advantage of the financially ignorant. Too much like how that was played in 1630’s Netherlands (Tulipmania) and in the South Seas Bubble of (1720).
Second, it’s and energy sink. If you were trying to find a way to squander the world’s fixed amount of energy reserves (beyond the abiotic oil none of us will ever live to lift) misnamed “crypto mining” is wholly and totally environmentally destructive. Anyone in virtual currencies who claims to support global warming, is a bullshitter (or con artist) of highest order.
Third – and this is the “dot connector” – government hates competition. We know that at some point, government will have to crack down on crypto currencies. It’s just where we are in the “economic day.” After the peak in 1929, a couple of years into Depression One, both Gold and Silver were “called.”
You see, government back then was desperate for anything to help balance the books. The costs of the Works Progress Administration and various social programs was becoming obvious. One way to “balance the books” was to demand private citizens turn in Gold and Silver which were widely used for settling debts.
In today’s world, Government is already being backed-into a corner to pay for things. National debt piled to the Moon. The Biden Administration is eyeing BIG income tax increases. And that part of the IRS filing (we’re a week from the filing deadline) where you certify if you’re in crypto’s, or not? Well, that could become the basis for tax evasion charges if you have been playing and aren’t paying honest taxes on your gains when taken.
The Anti-Crypto Push
You can already see the foreshadows of crypto’s demise.
A useful story to consider is “Crypto trading ‘is a fad’ for many, says behavioral finance expert.”
But there’s more to it, as governments – like India’s – have already laid down the law on crypto use. If banks want to play – have fun. But don’t come whining to government: India Leaves Crypto Ban Decision To Individual Banks By CoinQuora.
For their part, the coinsters are touting “loss by not participating” – a common “this is the last one, buy it or lose…” sales technique. Dressed up in stories like “crypto: Thanks to crypto curbs, India missing out on multiple $50-100B listed firms, says Binance CEO – inThe Economic Times. You might miss the sales pitch. We who have been sales professionals call this “The Take-Away Sale.”
And to press their case, says the Biz Section of the NY Times, “As Scrutiny of Cryptocurrency Grows, the Industry Turns to K Street.”
I love it to death: A showdown between government’s dirty (and depreciating) money versus private (drug and trafficking) money. This is gonna be totally effing EPIC.
News is Sales???!!!
Oh – hell yeah. Oh, yee innocent sheep, lol. Every time you turn on the news expect a barrage of sales pitches. The Takeaway Sale is a good one, too.
Since sales is (as I’ve cynically taught for half a century) a scripted matter, spending time on sites like SalesScripter will more than pay for themselves. The SalesScripter overview of the “takeaway” is over here.
We could follow the bird seed further, but you get the idea: Economic clock says kidnappings are hot. Crypto’s facilitate kidnappings. Governments are slow on the uptake. And the crypto folks are overworking the “takeaway” not realizing they could make fortunes selling anything. Which would be more responsible than burning fossil fuels to make up numbers to compete with government.
In the long term, care to guess who wins? Bet on the side with an Army and a NORTHCOM.
On to the Shorts
I like to begin every Monday checking to see how many times the word “Trump” appears on the web front page of the NY Times. They just can’t get past it…or it’s a super-easy monetization. Well, I’ll be damned – just one reference today pointing to “Trump lies” in the story “McCarthy Officially Backs Stefanik to Replace Cheney in House Leadership.”
Must be a low news day, though. Because with the kidnapping of the energy pipeline on the low-beam to protect Slow Joe and friends, the Washington Post worked Trump references in six-times on their front page. Including this “exclusive” Tex. firm helped convince many the election was stolen from Trump…” The WaPo repetition of “Trump” six times on its front page makes sense from a “further monetizing TDS” standpoint, as we figure it.
Looks to us like CNN is working the Trump-trigger, too as they roll “White House chief of staff says he ‘wouldn’t want to estimate or underestimate’ Trump if he decides to run in 2024.” Like anyone cares?
Reality Check: Good James Rickards’ piece via the Daily Reckoning worth a read if you give any thought to how the Bidenista’s lefties are planning to take down America. See “The Sky Is Falling.” No, since we’re rational (as is Rickards) climate is not more important than Ukraine, Russia, China, Taiwan and the Koreas. Except in Jo(k)e Land, of course.
Side of Murder? “7 Dead Including Gunman In Colorado Birthday Party Shooting” reports NPR. Which will be predictably followed with another round of calls to “disarm America.” Only the totally stupid ostrich types think criminals really give a shit about gun laws. When tragedy strikes, look for gun-grabbers to start their monetizations. Start the countdown to the hype.
Markets on Crack: A major national energy pipeline was taken for ransom, Slow Joe’s raising taxes, cryptos are challenging gov-money, and climate is more important than countries who was to take down America. Sure…THAT explains by Dow futures are up 100, lol. Print us up a few billions.
But Seriously: the One Strategy about to pay off is the one we’ve advocated for YEARS here: Get and remain debt-free. And pay off a piece of property so you will always have a place to live a grub out a garden. Sheesh. It’s not that hard, right?
When countries get into the pickle we’re in, the only game in town is to “steal savings” and that’s “money.” Steal by hyperinflation or deflation. Makes no difference. So converting into hard assets is simple, right?
The Videos and Book of Tyreman
Two items of interest if you have followed Chris Tyreman’s work. First is the latest in his Step-by-Step Millionaire series: The Coming Economic Catastrophe of A.I. – YouTube.
Second item is the book explaining how Self-Defining Hebrew (SDH) works. On Amazon now for $13 bucks Unmasking the Grand Delusion.
Interesting side story: He was going to put it out on Kindle but apparently a publishing nightmare because needed fonts aren’t all supported.
Almost bought a new lawnmower entirely on the phone. But when Lowes got a decline on my card (without the chip read) the only choice Sunday was to go into town.
Turns out it was a good thing. I got looking at the new Husqvarna rider I was looking at and some idiot in product design had screwed up a good mower.
The gas tank filler, formerly on the left rear deck, was now inside the engine compartment. Mind you, I’m no fan of pouring gasoline around a hot engine, but the pisser was the instrument cowling blocked part of where the gas can would have to go in order to fill ‘er up. Who came up with this cockamamie idea….or whether it saves money in manufacturing, is anyone’s guess.
But, wanting nothing to do with it, I picked out a 54-inch Craftsman – with the gas filler outside the engine compartment and on the left side of the console easy to get to. Same price. Both manufactured up in Tennessee by MTD,,,
Physics Note from the Cat
Old Zeus the cat left me a note directing my attention to a story crossing on Vice over the weekend. “Scientists Have Studied the Mysterious Behavior of Cats Sitting on Squares (vice.com)”
I’ll let you read Zeek’s note – which was kinda interesting…
Humans get it wrong again. Let me explain: Cat brains are two-dimensional. We’re sentient, but two dimensions, not three.
So when you walk out on the screen porch and see a chair to sit it, what is it? THREE dimensions, right?
When I (the chief cat hereabouts) walk out, being limited in thinking to two-dimensions, what does a chair look like? Well, if you look down from the two dimension view it’s a square. When we see a square on the floor, we figure that’s a chair, as well. And when I jump up on your drink table, that’s also a two-dimension chair-looking thing, too.
Honest to God, if you humans would just realize we’re in two and you apes are in three dimensions, a lot of the “mysterious cat behavior” would be…you know…totally OBVIOUS!”
I left P.D. Ouspensky’s Tertium Organum open to page 35, so Zeus could enlighten himself on how Humans have the same problem living in 3+ time and trying to grasp a 4+ time reality.
Whether he reads it, or just wants to borrow my glasses to play with? I’ll let you know.
Dow up 100 (you paint’em Powell!) and NASDAQ down 58, so on an Aggregate basis the break shot will be down but hyped like it’s up.
the world’s out of rehab you get rich,