Tuesday, August 5, 2014

Alternate Universe

An Alternate Universe

In an alternate universe up maybe down and lies may be the truth but in the world we live in some concocted theory is not a basis in fact. In the world we live in there is no such thing as an economic fact (too many variables dependent on perception) which is why economics is based in economic theory, which in turn is why we are in so much economic trouble. From here this post could take a bunch of different directions so I will guide the prose down the path I believe will identify the biggest problem we face today.

Now remember this is coming from an old redneck that knows a couple big words but operates in a world of common sense where lofty ideology and advanced degrees don’t mean a hill of beans. It doesn’t take an Ivy League education to know that you can’t spend more than you make and if you do it will have to be paid back at some point with interest. A concept our elected representatives can’t seem to understand, a concept that is miscomprehended by the population. Pay the interest on the debt but never pay the debt. The government is a service organization, we pay for protection and for public services, we hire representatives to look out for our interests because we are paying a lot for those services and the propensity for corruption is high. This is the same corruption we fought a Revolutionary War to get away from. Yet here we are cornered by the very people we pay to protect us and involuntarily forced to pay more for ideological social change we don’t want. I was once told by a group of Spanish speaking illegal’s that there was no need for them to learn English because the U.S. would soon be a Spanish speaking country. Are we weak or stupid? The answer is, we are both.

I can’t believe the idiocy I hear and read these days. The days of me trying to explain the truth about economics and politics is coming to an end. I’ve warned and given the signals that indicate a change is taking place. Maybe a monarchy or a socialist nation is what you want, it certainly appears that way.

The biggest problem we face today is a population that lives in an alternative universe where stupid is smart and weak is strong.

Friday, August 1, 2014

A Glimmer of Hope

There is a glimmer of hope on the horizon but before I get into that lets see what Barb has to say about the tiny house project.
Now on to the subject of this blog post. Dr, Ben Carson has named Terry Giles as his campaign manager and set up a PAC to investigate a possible presidential run in 2016. That sounds like he is going to run to me. Now there is a man I could get behind. I was worried that Hillary would run away with the show but with someone like Dr. Carson to run against I don't think she stands a chance.

The equities market has lost 300 points this week and is acting way more civilized than I thought it would in this transition from bull to bear but the big swings may yet show up in the coming weeks. The important thing is that we are finally seeing some sense out of the Wall Street crowd. The market should continue to slowly correct, unless the Fed does or says something stupid, to a point where deflation decreases tangible asset prices to a realistic value. The problem is - when is the last time natural progression proceeded in an orderly manner ? When the government is involved - NEVER. This correction is going to happen now or in the near future, the Fed can't keep the market propped up forever.