This morning’s column will be blissfully short (on your side, not mine) due to our plans to be off the ground by regular publishing time in order to airlift G-II down to Skydive Spaceland, also known to airmen as TE-88.

It shows up on aeronautical maps are a simple red ball with an R (as in restricted) in it.  And prior permission and coordination with the jump planes in the air is required.   I took care of getting the permissions to land on this private field.

Still, it’s not a bad little airport: About 3,500 feet, paved, and with a turn-around circle at the south end of runway 13.

To get ready for it, G-II and I went up and did a little flying work Wednesday morning after Peoplenomics and an interminable delay getting G-II ready.

The simple fact about flying in really small planes, where climb outs are slow, is that the best time of the day to fly is sunrise until noon.  The closer you get to noon, the more the (thankfully returned) Texas sun heats the ground differently and you get thermals.

The first landing yesterday was at KJSO (Jacksonville, Texas) and it’s an interesting airport that has the approach end of the runway sitting on something of a bluff.  The only other airports I’ve been into with bluffs to them are the one in Branson Missouri, and of course Tacoma Industrial up in the PNW.

These are good “mental discipline landings” because your eye has a tendency to look at the face of the bluff, rather than “the numbers” of the runway.  The idea is to land on “the numbers” despite the optics of it…although people get trained formally to look for “the aiming point” which seems to me like it’s a good walk from “the numbers” (the runway heading with the last digit lopped off) and a waste of good pavement..

But, as always, it was a fine landing, right on the centerline and then full power and off again..

Before departing we had a little father-son conflict…which happens even when son is 34 and dad is 66.

G-II wanted to suction cup the GoPro onto the windshield.

No dice.  “This is a see and avoid deal” I reminded the boy.

We went round about this for a couple of minutes with me stating the regs (and zealously guarding my visual scan area which would have been somewhat blocked).

His next ploy was to install the GoPro suction onto the dash.

No-go there, either.

The problem was, this alternate installation obscured the old man’s view of the exhaust gas temp (EGT) which on a warm day is something to keep an eye on.

Eventually, G-II finally understood that Dad wasn’t going anywhere with his vision obscured,. so G-II ended up using a head mount for the camera, which worked out fine and I have to say was pretty good footage.

The last landing of the day was perfect, on the numbers, and stopped in a hair over 350-feet. 

The two major learning points to share:  Parenting doesn’t stop at 18, 21, 23, or any other magical numbers.  Us old folks have to keep passing on knowledge until the end, it seems.  They don’t believe any faster as they get older, either.  And they do require documentation.

Second is that our kids are truer reflections of ourselves than we’d like to think.  G-II’s bullheadedness and determination to have his way reminded me of someone else I know like that.

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Thanks to a subscriber in Nebraska, and a call from my consigliore Monday, we have some important new concepts that are percolating around under the surface of economic discussions.

As you know, I hold that doom-sayers are often incorrect.  While it is tempting to listen to them, it is often disastrous, as well, when comes to preserving one’s lifestyle, financial assets, and happiness.

At the same time, however, embracing the future must be done carefully, as well, because if BitCoin is any model, the dangerous of excess optimism is what leads to buying BitBubbles much as it led to buying tulips back in 1634.

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Picking up G II (* my son, not be be confused with G2 – Gaye at www.backdoorsurvival.com) Monday at Dallas’ Love Field, was a simple example of what the coming world of chaos will be like when it finally gets here.

Fortunately – with more details for Peoplenomics™ readers, we may have a couple of years of peace and order left, but after that, all bets are off.

It started with me leaving the house a couple of minutes past noon for the ride up to Dallas.. 

My son’s plane didn’t come in until 3:50 on Virgin  Air, so it was supposed to be a simple drive.

It wasn’t.

Remember the note in Monday’s column from “warhammer” about engine software updates for Jets?

Well, maybe I should break down and  buy the updated navigation CD for our old Lexus, since the one in the car now is the original.  I may have mentioned previously on a trip a couple of years ago to the Colorado area, how the system would offer pronouncements like “In a quarter mile” turn right.

A quarter mile goes buy, and we’re hanging on the edge of a cliff with nothing but air and tree tops visible below and the (silicon bitch voice in the ) GPS says “Torn right, now!”

I should have learned something in Colorado…but did I?  Naw… $150 for a nav CD seemed a bit much when I can get a paper map (once free at service stations, but now $7.99 and $8.99 – or more at fill-it-yourself, we just want your money and to sell you pogey bait stations.).

Without the update in the GPS, I had the choice between following the GPS voice commands or trying to read the Google Maps print out – which seems somewhat risky…so GPS voice it was.

Things were going along well until the consarned machine told me to take Exit 43 A off what I thought was 35-E northbound.  After a couple of chandelles, a wingover, a legal U-turn, and a merge back onto…  The GPS rode me in a complete circle, only to get back on the freeway one exit before where I can gotten off.

In programming, this would be like getting stuck in a GOSUB loop (if anyone remembers BASIC).

After laying plans to get me again, the GPS finally directed me to exit onto Inwood Road and promptly got me stuck at the intersection of Inwood Road and Lemmon Avenue, not far from Love Field.  This is where a traffic  light was on the fritz,  being worked on.  So it took 15-minutes to get through that intersection.

I really didn’t have a choice, though:  There was a Bank of America on the corner that I needed to stop at, so stop and slow traffic to make it up to the light.

It was 2:30 by the time I made it this far, and the line in the bank was backed up all the way to the door.  And there was a grand total of  1.5 tellers on duty. 

I say 0.5 for one of them because rather than wait on people, the tellers were running off and bringing papers to people – I have no idea what that’s about, but I think it has something to do with welfare payments.  I was one of three people in line that didn’t look like I was getting some of this paper that was being passed out.

After a 20-some minute wait, I finally get to one of the tellers and asked “Kinda busy for a Monday, isn’t it?”

The line had filled in behind me and was still to the front door.  Again, more people with this mystery paper.  Mayb e it was welfare somethings.

“Oh, no, this is about normal now.  Someone in corporate made a decision to reduce us from five tellers down to two, and it’s like this most of the time now.”

Seems there was some remodeling being done on the drive-through, too, but I didn’t see how that would help things.

But it did bring up a spectacle in my head about how to cause bank runs to appear in America.

Simply have people in cost accounting of all the big banks keep shrinking down the teller count – which they are doing anyway – and the next thing you know, the bank lines will extend out of the front door.

And in all seriousness, public and banking officials will declare there is no such things as bank runs.  Could it be that we’re getting “conditioned” to the idea of lines right now?

After that, my next task was to get to the airport.  Never been to Love Field before.

Parked in the parking garage – which had almost invisible signage – and eventually (no thanks to the lack of signs) found my way to a sky bridge to the terminal and that was that.

The next 45-minutes was spent waiting for G-11’s plane, and he managed to be the last one off, having drawn steerage in the seating lottery.

It worked out OK for him, because he came off the plane all bubbly about the cool onboard chatroom that Virgin Atlantic has been phasing in.  .

“It was really cool…I chatted most of the trip with a hot chic in 18-C” he proudly reported.  “Then we had a shot at the bar when we got off…and I got a kiss and an email….”

We finally left the terminal after 10-minutes of going everywhere but out (again the signage was lacking while my son kept asking “You OK, dad?” I was fuming. Big cities stick in my craw anymore.

This is what Chaos and Bank Runs will look like when they arrive:  Banks will have insufferably long lines, city services (like stop lights that work) will have all been hacked, and the world will look for all intents and purposes “normal” but it won’t be.

Or it will…still scratching my head about this one.  Has the world slipped over some edge while we were out in the sticks?

2-hours later (of unbelievable stop and go traffic on  35E, 30, 45, and finally 175), and we were back out here to “Deliverance Country.”

There’s a whole world full of people who have never known a meal without an electric dishwasher, a microwave, and Lucky Charms cereal.  These people live in cities and line up for everything.  I  HATE lines.

I’m going to go have a chat with Zeus the Cat and explain to him how good life really is out here in the boondocks.  And if I don’t see another human all day (except family, of course) that’d be just fine with me.

Al least I won’t be in a damn line for something.

My biggest gripe this morning is the red tailed hawk is screaming and ZtC is meowing at the door reminding me not to get wordy since it’s holding up breakfast.

Somewhere in all this is a clear explanation of why witches prefer their familiars to the company of other humans, too.

I swear to you I wasn’t anti-social until Inwood Road and Lemmon Avenue.

Properly Shamed

Oh-oh.  Another column has landed me in hot water with a reader…and I should apologize:

” A “memorial page” sounds a bit maudlin,…”

My Grandson (18)died of leukemia in January. There is a memorial page enabled by the funeral home that is still up.

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Pull up a coffee, boys and girls, old cynical George is gonna read you the latest fairytale hot off the press and full of data mumbo…

“Personal income increased $59.4 billion, or 0.4 percent, and disposable personal income (DPI) increased $48.8 billion, or 0.4 percent, in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.6 billion, or less than 0.1 percent. In March, personal income increased $4.0 billion, or less than 0.1 percent, DPI increased $0.5 billion, or less than 0.1 percent, and PCE increased $65.6 billion, or 0.5 percent, based on revised estimates.

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In this morning’s orthographic misadventures, we find the hulk of an old man staring at the clock and  calendar, lost as to what’s going on with the world. Are we becoming digital do-do’s?

Such introspection is common just before the arrival of one of the kids.  This is the awkward age, when the kids take their payback.

“Son, pick up your room” of 20-years ago is now likely to morph into “Dad, pick up your room…focus on just a very few projects and do them well…and let the other stuff pass by…”  I can hear it all now.

To be sure, there is a generation gap.

Until yesterday, I didn’t know there even was a alt-J (?) – Fitzpleasure (Official Music Video) –on YouTube. 

To some, who are going post-trance, post rap, there really is some interesting cross-into music coming along and this isn’t bad…just different.

Seems like everything about today’s youth is distorted or carried to some extreme, or other.  And, they seem to suffer the effects of  time compression, as well.  A hobby like free-falling (skydiving) may eat up some clock hours, but the actual “rush” is seldom longer than 3-5 minutes.

That compares with the old adventures (like going fishing in Alaska) which could be three weeks of pretty much non-stop new.

Part of the problem is no one has any time, anymore.  The deadlines are tighter, the work more intense, the problems of flow and and coordination are up many-fold, too, from our early days on a much emptier world.

I was born  in 1949.  At that time, world population was a measly 2.5 billion.  Today, we are stuffed with 7 billion people.  Put another way, compared to 1949, nearly three times as many people are vying over…everything.

There’s no urgency to couple or marry, perhaps partly as a response to this.  The problem is not that everyone looks at child- bearing as a somber and reasoned decision.  There are several religions in the world that are (to put it frankly) screwing their way toward world dominance.

And that’s quite worrisome.

Whatever…this afternoon I pick up my son in Dallas for a week and we will have (since the rain has stopped) a couple of days of dad time and I expect to see my truck go down the road to Skydive Space Land, or I will get suckered into running Ure Air Cargo’s little single engine down to the drop zone.

“Dad, we have two GoPros…we should be able to do some real quality movies!”

Another symptom of the future.  Technology – the problem we got into over on the Peoplenomics™ side of things this weekend.

In 1949 the idea of a personal movie was vastly different.  If people shot movies, it was 8 MM and usually shot-edited onto the camera.  Maybe a touch-up splice, or three.  No sound track.

By 1965, as our age group was wandering through high school, the media of the day was Super 8 Movie film – introduced by Kodak.

Which gets me to this morning’s first neuron firing:

Kodak’s remnants are still around today…but except for specialized applications, the world has passed them by.  Oh, sure, they are in the digital camera space, but with a different attitude toward the future, the company could have been a mega-giant, even today.

It’s not.

Rather than reaching into the future and pulling it forward – serving up massive innovations to a tech-hungry public, the company managed to “steal defeat from the jaws of victory.”

I expect that if Kodak had invented better/cheaper film, Fuji would not have gotten so big.  Or, if they had rolled on with the idealization of the camera, outfits like Pentax and Canon would have been hard-pressed.

There’s a genius to dominating market share – and Kodak didn’t understand it.  For a long while, they rested on their laurels, optimized film profits, and then when film went away (mostly), they were left like new kids adrift in the world of technology.

The “Brownie” camera is in everyone’s phone, 60% of phones can probably shoot a better resolution movie that Super-8 and those cumbersome hand-blocked video film cutters…Well, not much of a market for them anymore.

A couple of weeks back, I pulled Elaine’s camera out of the storage room and this whole revolution in photography ran  me over like a train.

She had a Minolta XG-7 with an assortment of lenses, auto-winder, and so on.  Since we have been trying to eliminate unused (old) tech, I quickly hit eBay to look up the price.

About $35 bucks, is what it looks like.  Not a very good return on investment, I’d say.  Especially because neither one of us is big movie or picture collectors.  Those great images in life are carried around between  the ears.

When we get around to making a couple of video’s this week, it will be Corel video editing software, a custom voice-track from the studio, and whatever else comes to mind. 

Television is another area where compression of technology has taken its toll:  Things like Time Code are quickly going the route of quantization error in sound recording.  In other words, the problems are going away.

Automatic reformatting and sample conversion software ends the time code issue and in audio, trhe quantization nightmares of 8-bit audio disappear above 32-bit A-to-Ds.  Oh, sure the problems may still technically exist, but their impact on humans is gone. The human neurons are only so refined, and after that, all you can do is keep whacking away are resolution which is why 4K is coming and 16K will be here one of these days.

All of which is changing the nature of the arts.  I don’t mean just Fitzpleasure, or any other piece of music to drift out of a studio.

I mean film, as well.  When we were watching Alfred Hitchcock black and white movies, the director was an incredibly important part of the mix.

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Ah, sorry to disappoint, but the topic this morning has nothing to do with the 19670’s Rock & Roll band by that name (Ten Years After video here).  With apologies to Alvin Lee.

Nevertheless, in terms of economics, I’d still “like to change the world” (which makes sense only if you lived the 70s) and to do so, it takes a certain ability to “be hard on self.”

So this morning, we roll back the time machine and go through some of the views proposed in 2005 and see how our track was doing back then and whether our calls then were really any good, or not.

Should be an interesting adventure…

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For the next three days, I don’t have to do anything.

Or, more correctly, I will be doing a zillion things – a sort of “George-like impression of a Chinese Great Leap Forward” and it’s all made possible by what I call the tri-level checklist approach.

Let’s start at the beginning, though.

First thing to mention is that checklists are invaluable.  We use them in flying all the time.  There’s a pre-flight checklist, a pre-start checklist, a run-up checklist (CIGARS – controls, instruments, gas, attitude set, run-up and check the mags and carb heat, and a safety check), a take-off checklist, a cursing cruising check-list, a descent checklist, and a landing set-up checklist.

Oh…and followed by the shut-down check list.

Boring flying stuff?  No.  While I suppose every has the idea that pilots (and nuclear materials workers and HAZMAT personnel) use checklists, there are very few people that run around with a dog-eared notepad in their shirt pocket like I do when peak performance is desired.

Checklists are also one of the most obvious – yet under-appreciated – parts of being a high performance executive.  I’m not saying it is impossible to succeed without a checklist.  There are always exceptions to every rule.

But if your life begins to get even the least bit complicated, there will be a time and place that you will skip the check list and pay the price.

When flying, mistakes from the use of checklists range from a mild inconvenience (like an unplanned fuel stop) to disastrous:  Forgot to top off (or measure) the fuel and ran out of gas.  Something which (*rather amazingly) accounts for something like 80% of small airplane accidents.

Pilots – like most folks – believe they can ‘work the problem in their head” and yet, even when you’re a really good, safety conscious pilot, if you don’t use a checklist, you may notice after a half hour at cruise at say 6-thousand 500 feet, that you left the engine boost pump on.

No harm, no foul, except that it’s a mistake and mistakes can what a person?

Successful people, too, use checklists.

The effective executive knows each of the major points that must be covered in a sales presentation in order to make a sale, for example.  Leave one of the points out, and your odds of making a sale drop significantly.

This is also why (even though it is mind-numbing work) why telemarketing outfits almost universally keep people “on a script” when talking to people.  It makes sure that none of the points are missed.

When you are “growing the business” there’s nothing like building up the “secret sauce” collection of checklists that ensure you cover everything the customer wants – and by doing this consistently, your batting average (in whatever field) remains exceptionally high.

When the batting average is high, there’s more word of mouth and the business grows.

But despite their provable benefit, most people don’t use a checklist – for reasons that may range from thinking there are too smart to need one, to not being willing to use a “paper brain” to help insure success.

Since I did most of the work on this weekend’s Peoplenomics™ report on Thursday, today will be what my buddy Gaye (at www.backdoorsurvival.com) and I have over the years come to call a “M.S.H. Day”  (As in “make sh*t happen day.)

The first level of the list ( Master) is a list of the important things to be accomplished for the day.

On today’s Master List are a number of projects that I need to get knocked off.

Let’s say it includes:

• Airplane maintenance projects
• Office work for client
• Office work for Peoplenomics
• Yard Project
• Supplies for Saturday project
• Peoplenomics chart prep.

OK, simple enough – and short – which a good, focused Master List should be.a  Just a word of three.

Under each of these projects is a “details” list where the specific actions take place.  So under the airplane maintenance projects, the details list for that include:

• Blow out hangar (last of June bugs)
• Check tire pressures
• Add AvBlend to oil (*fresh oil change just done at annual)
• Paint a small spot on cowling
• Clear-coat the new prop spinner
• Unmask nose gear, apply guard covering
• Vacuum interior carpets and Lysol
• Wash wing-walk (antiskid near door)
• Spray spider killer on black widow’s webs

As you can see, the work order has been penciled out in the details list.  Cleaning out the dirt and dust and then wheeling the plane outside makes sense before painting.  And the last project is where a few shots of black widow spray go on and then I close the door and go home to the next list.

The third level of the list is the Time and Materials list.

This drops down from each of those tasks I will get done today.

• Leaf blower  (10 min)
• Air compressor, tire gauge, screwdriver (7 min)
• AvBlend, oil funnel, rag  (3 min)
• Paint, masking tape, masking paper, Scrub-it  (7 min)
• Clear-coat spray…(8 min)

As you can see, in this time and materials part, you go through every step of what you will be touching to get a certain task done and next thing you know (since travel time is always the same) I can tell you I should be returning phone calls, and such, back in the office by 11:30 AM. 

Or, if the weather doesn’t improve, I can flip projects on the master list to move things around.

I don’t go into useless levels of detail – usually single words, except for the materials.

But the nice thing about checklists is they allow a person to offload a whole bunch of what would otherwise be stress inducers, put them on paper, and then simply execute what’s on the checklist and any idiot can  do that.

Ure’s truly being a prime example of one of them.

But if you want to get the most done, in the shortest time without errors, there is only one thing that works – and that’s a checklist. 

The 10-minutes a day, or so, that it takes will keep you marvelously on task and you’ll become amazed at how much you can actually accomplish.

The Master List and the Details List are what get rolled into work manuals like the typical Policy and Procedure Manuals that make it possible for companies to plug and play employees.

And then the detail level lets business process engineering types (ahem…) take the processes, add checklists (as in edit lists) and turn everything into a highly functional business flow software system to eliminate as many…oh let’s not go there….

About that Internet Outage

Turns out, says my hosting service, that UrbanSurvival had two service outages on Thursday.  Both related to a hypervisor failure.

What’s a hypervisor?  (You apparently don’t build a lot of virtual machine servers…).  the answer is over here.

hypervisor or virtual machine monitor (VMM) is a piece of computer software, firmware or hardware that creates and runs virtual machines.

A computer on which a hypervisor is running one or more virtual machines is defined as a host machine.

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Confession time.  I bought long in the stock market yesterday.  And even though the market is set to open 50 points lower and all the technical signs in the world point to a lower market in coming weeks, I have weaned myself of wild-eyed options trading and am now doing a dividend play.

Why?

Well, for one thing, if you look at the 10-year Treasury chart, there’s an a-b-c counter trend rally that could run out of steam any minute.  Lower interest rates would chill prospects of a Fed rate hike.  Stocks paying dividends will glisten.

When rates return to the downside, the stock market could go down, but I think stocks that are paying pretty good dividends, have unassailable market positions, and dominance in their sector may still be a good deal.

As you also might remember, I continue to look at the 1921-1929 charts and see that while there may be the risk of a decline to the 1,740 S&P level, there is also a strong historical rhyme that suggests the market could be pressing S&P 3,000 in 2016 and that would be where the blow-off top rhyme with the 1920s could wind up.

This is NOT FINANCIAL ADVICE – just saying that although our trading model may scoot down to the sell line, unless war breaks out (sooner than later) there is still a statistically significant chance that we could rally on for the balance of the year and well into next.

Consider the global picture here, for a minute:  Everyone is “making up money” and pretending like it’s real.  And – it is….at least insofar as people believing the fairytale is concerned.  Economic growth is likely to be strong, at least on paper, because there is so much money sloshing around the system.

The Fed can read history as well as anyone, and printing so much money (and giving as much zero interest rate bailouts through the back door to banks and such) can only go on so long.  But if they don’t print fast enough to keep the wider public recognition of deflation from sinking in, they ultimate deflationary collapse will be upon us.

On the other hand, if they keep stepping on the financial gas too long, then we get into a hyperinflationary blow-off a-la the Weimar Republic.  Except the reparations would be going to China which doesn’t plan to be stiffed on those bonds we have been selling them to make all this work.

So even if the market drops a couple of hundred this week, it would be roughly in line with the end of month beat-down in the price of gold.  In the longer term, I’m expecting a huge blow-off top to come, then I will load up on shorts, and when those pay off, then we will flip back into equities at prices that might be as low as 10-cents on the dollar.

In the meantime, I think it’s possible that the S&P could pull back to the 2,040 range in coming weeks, but with so much money sloshing, it has to go somewhere looking for more than gambling returns.

But we shall see. 

However, when we do get the blow off next year, my lone gold coin and the lone silver coin will go down the road,. as gold and silver might pop to the $2,500 and $75 levels when the Big Inflation Scare of 2016 comes along and the equities bubble as one of the few things left that can be leveraged and won’t leave you homeless.

So Ures truly is nibbling now and big names and familiar brands – like present day real estate – look really cheap.  The dividend paid by my pick is a kind of insurance policy.  And long term capital gains are a much smaller bite than short-term.

Stupid Distractions – Soccer To Yah

Who gives a crap about the soccer corruption case?  Mass media is selling us crap instead about getting into real news about who’s doing who and who’s doing us.

Are you a fish?  If you read more than a single headline and first paragraph on this, the hook of mind control is set.  You is “on the line” suckah.

Stay in the game, please.  This is a no-matter distraction like that god-awful South African murder trial a while back.  Useless, brain-numbing sh*t.  WTFU.

Weather Attack On Texas Continues

With video over at CNN.

I could take a picture of a cranky septic system here, if you’d like….

Ukraine Attack by Russia?

While NATO continues piling arms into Ukraine, here’s a story that wonders whether Russia will be about to launch an invasion.  Though, I don’t expect it until the 30th.

And then, only if you believe the mystical rabbi who got the World Trade Center and Gulf War right…still, we never discount views…

Which Gets Us to China

Absent a compelling reason to buy anything from America – despite the traitorous secret Trade Bill (never seen anything so crooked as a Secret Law on trade or the sell-out of Mitch McConnell of small transparent government principles) – we still have the China Problem on the desk.

The simple matter is the USA owes more money than its gross domestic product, which makes us more or less technically bankrupt.  (It will be a huge deal when rates begin to rise.)

So who can we use to prod China are our behest?  Warhammer has that angle:

George,

Classic ‘proxy’ competition is officially on the menu in the S. China Sea.

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