I don't know why some people complain about a lack of "blog fodder." My regular morning tour of the financial press alone could keep me writing until the sun sinks slowly into the west, leaving me no time at all to live a life or make fun of politicians and hoplophobes.
I usually resist for three reasons. Not many people around here share my interest. I am usually too lazy to translate money-geek jargon into the kind of English that deals with actual referents. And the field is defiled by a high proportion of nincompoops who, like His Obamaness, possess formidable bardic talent.
But an exception occurs this morning, probably because it aligns itself with my prejudices:
“All I see is a wall of liquidity that is eventually going to be chasing too few things,” he says. “This is a story of swinging from paper to things.”
I doubt he's referring specifically to investing in 550-round bulk packs of Federal .22s, but he could be.
By a "wall of liquidity" he means, of course, hyperinflation as the result of politicians pretending they have enough money to buy voting blocks, and voters willing to go along with the gag.
Chris Martenson is an "economic researcher," and he seems to make part of his living selling videos explaining why paper -- currency, stocks, bonds -- is a fool's investment. I tag along for part of his trip, especially since he's straightforward in admitting he doesn't know exactly what will happen, or when, or whether a collapse will be bad enough to thwart the amazing ability of the human race to adapt. He adamant on just one point: The world debt level is beyond servicing barring an Industrial Revolution 2.0.
Beside, he's an expert who gives me permission to keep investing spare change in those Federals.
Oct 14, 2010
Gunning down persons in the teevee industry has a certain emotional appeal, but we probably should stifle the urge.
And our excitable cops who get all Dirty Harry and confuse cell phones with handguns are falling somewhat short of their "serve and protect" marketing slogan.
And our excitable cops who get all Dirty Harry and confuse cell phones with handguns are falling somewhat short of their "serve and protect" marketing slogan.
Oct 13, 2010
Pretty up the veggies, Tom. Chad and Carol are still eyeballing the fries.
This is petty theft compared to what feds have proven themselves capable of, but I suppose some people still think $2 million is a respectable piece of money.
For a lot less, I would have explained to the Potomac Yokels -- led by Tom Vilsack in this case -- that it won't work. The kids are smarter than the psychologists, and if they have a taste for a cheeseburger, you are not going to feed them a kumquat, no matter how pretty the basket.
I know there's a Constitutional requirement that caring Intellectuals in Washington supervise the luncheon habits of the middle school in Nazareth, Arkansas. I just can't think of it at the moment.
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Tom Vilsack? He got to be Secretary of Agriculture because he was Iowa governor and did not make a stink about Obama's Illinois supporters slipping across the Mississippi and packing the 2008 Iowa caucuses.
He got be governor because the Democrats needed a sacrificial lamb to run against Jim Ross Lightfoot in 1998. Lightfoot was unbeatable prior to taking the campaign advice of the Iowa Republican Party. Vilsack became the first Democrat elected Hawkeye governor in 30 years.
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It's a nice day and I gotta go paint, but I think you are entitled to one more fact about Secretary Vilsack's authority to run American Agriculture and superintend the National Diet. You see, prior to whipping Lightfoot, he was mayor of Mount Pleasant where he hardly ever failed to raise a very nice tomato plant in a five-gallon bucket on the deck. I mean, almost every year, unless his wife forgot to water it or something.
For a lot less, I would have explained to the Potomac Yokels -- led by Tom Vilsack in this case -- that it won't work. The kids are smarter than the psychologists, and if they have a taste for a cheeseburger, you are not going to feed them a kumquat, no matter how pretty the basket.
I know there's a Constitutional requirement that caring Intellectuals in Washington supervise the luncheon habits of the middle school in Nazareth, Arkansas. I just can't think of it at the moment.
----
Tom Vilsack? He got to be Secretary of Agriculture because he was Iowa governor and did not make a stink about Obama's Illinois supporters slipping across the Mississippi and packing the 2008 Iowa caucuses.
He got be governor because the Democrats needed a sacrificial lamb to run against Jim Ross Lightfoot in 1998. Lightfoot was unbeatable prior to taking the campaign advice of the Iowa Republican Party. Vilsack became the first Democrat elected Hawkeye governor in 30 years.
---
It's a nice day and I gotta go paint, but I think you are entitled to one more fact about Secretary Vilsack's authority to run American Agriculture and superintend the National Diet. You see, prior to whipping Lightfoot, he was mayor of Mount Pleasant where he hardly ever failed to raise a very nice tomato plant in a five-gallon bucket on the deck. I mean, almost every year, unless his wife forgot to water it or something.
Oct 12, 2010
Tom Mix
He killed himself in a car crash seventy years ago today, not far from Florence, Arizona.
Tom Mix, Texas native, working cowboy, marshall, Texas Ranger, veteran of the nation's wars.
Ayup.
Don't you just hate the revisionist nitpickers who re-edited that bio from Tom's press agent? Pennsylvania kid. Army deserter. Most heroic military and/or law enforcement position held: drum major.
Tom Mix, Texas native, working cowboy, marshall, Texas Ranger, veteran of the nation's wars.
Ayup.
Don't you just hate the revisionist nitpickers who re-edited that bio from Tom's press agent? Pennsylvania kid. Army deserter. Most heroic military and/or law enforcement position held: drum major.
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