Archive for the ‘chaos’ Category

Yes, Toto, we’re in a brave new swirl.

January 28, 2018

Today while perusing a post on the Seeking Alpha financial network I came across what appears to be a very sensible explanation of what we see in the world of finance and business today.

This no-nonsense analysis is occasionally echoed by other writers on the SA site, most notably Mr. David Stockman, former budget director for President Reagan.

He was a high-flyer back in the day, the pre-Greenspan days.

But here I make reference to a different contrarian analyst, Mark A. Grant,  upon whose article I stumbled upon this morning.

From a distance, I’ve been following the contrarian school of thought ever since the fall of ’08. I say “from a distance” because I am neither an economist, nor a significant investor. I am a mere citizen who happens to be a consumer, an American, an author and a semi-retired person, age 66.

This contrarian school of alarmist financial analysis generally demonstrates a perpetual amazement; their astonishment revolves around the credit-mongering house-of-cards built by the central bankers of our preset world (the Fed, EuroCBank, Bank of Japan, People’s Bank of Japan, etc.). It’s not that the contrarians have much respect for of the central bankers’ delicate arrangement of interlocking currencies and trade incentives; rather, their astonishment arises from the mystery of why it has not yet fallen apart and produced a new crash.

You see, this new international construct is not founded upon traditional economics, but rather (as it appears to this layman) upon that (at the time) new-kid-on-the-block upstart school founded in the 1930’s by Mr. Keynes; it’s all about governments and banks perpetually tweaking national/international money spigots to produce certain desired effects.

Our current zombified house-of-cards scenario has been at work for a decade or so now, ever since the crash of ’08, with its aftermath of Great Recession or great whatever-it-is.

Getting back to the source of this present article: This morning I was reading Mr. Grant’s take on the present situation and comparing it for the umpteenth time to the contrarian undertow that continues to make perfect sense. This bearish complaint corner has been going on for so long I’m beginning to wonder if the fiat-wielding central bankers have actually managed to change, by their manipulations, the fundamental nature of money.

Maybe we actually are now in a brave new world where the old rules of debit/credit will never again apply.

With all these electrons flying around the planet–all these monetized digital representations of presumed wealth and bank-enabled assets–haven’t we truly ditched the old gold-backed world of currencies-dollars, pounds, francs, marks, drachmas, denarii, Euros, rubles, shekels, yen, yuan, SDRs and zlotys?

Could Bitcoin and such be nothing more than a flash-in-pan death-throes sparkle signifying the end of our great age of post-BrettonWoods expansion? 

Might this extended wave of central banks’ Quantitative Easing actually turn out to be the debt-driven tidal wave that propels us into a land that prime forgot, where all the rules and practices of days gone by are tossed aside forever in the liquidity flood and trash heap of history?


We’re getting to a precarious place now where the only solution will be to tear up the score-cards, balance sheets, and start over. The central governments of the world are forever indebted to the central banks of the world. It certainly seems that way to this observer. I’ll be surprised if we ever get back to what Mr. Smith called “the wealth of nations.”

We ain’t in Kansas any more, Toto. Exactly where we have landed is unclear. And it just might be that tapping our ruby-slippered heels of old-school analysis are gone with the wind.

When this whirlwind of fiat-instruments does wind down to a dull roar and all the chips fall where they may, who/what institutional entities  will have wrangled control of the new asset-spewing beast? Whatever that entity turns out to be–it (they) will be in a position to dole out the newly-zombified assets to the world’s surviving movers and shakers. I guess most of us out here in lala land will be quakin’ in our boots.

As for us commoners, we may all of us have to settle for a mere meal-ticket while the big chips get re-assigned.

A meal-ticket  on a card or a chip, of course.

What troubles me is: what new rules or allegiances will be demanded by the powers–that-be?

What will it cost us, John Doe/Jane Smith, to even get in the game?

King of Soul


Tear me up.

March 7, 2017


Tear me up, life,

just tear me up,

stomp on me if you want to

pick me up and throw me ‘cross the world.

I don’t care.

Go on now,

get on with it.

Watch me like a hawk,

and when I’m at my tenderest,

most vulnerable point,


Take your best shot!

What you do not see

is the One who died for me.

His sacrifice has made all the difference,

and will yet again

when I rise with Him.

So just get along now.

Go find someone else to pick on.

You think I don’t see you.

But I do.

And I will.


Glass half-Full

Is that over the Top?

February 17, 2017

So did you hear the one about the Over the Top President?

No. Don’t think so.

Guy walks into a starbucks . . .


and he says to the barista, “Why do they call the the Donald the ‘over the top’ Prez?”

So the barista says, Ya got me. Why do they call him that?

Cuz he’s over the top of everything!  Haha! You get it?

Uh, I’m not sure. . .

All the so-called chaos that’s going on–he’s right on top of it! You get it?

Uh. . . you mean he’s in charge of it?

Yeah, not to worry, he’s got it under control! It’s just gonna take a while for media people to come around to his take-charge leadership style– he’s actually got it all under his thumb. My cousin Molly says he’s just got a higher tolerance for chaos than most people do, and he feels that it’s, on some level, productive.

Well, that’s comforting.

Yeah! oh yeah. And my other cousin, Gregor, says the Prez may be living in his own world, but millions are right there with him, living right beside him.

Maybe so, Greg, but . . . he seems a little paranoid, like he takes everything personal, even belligerent at times. . . you think he’s stable?

Oh yeah. As a matter of fact, I think he owns a bunch of ’em. I think he’s got some high-quality stables somewhere out there in the hinterlands. . .

Like in flyover country?

Yeah, like I said, he’s over the top.


Well that’s good to know.

Oh yeah, and he’s got some good people, right on top of the situation, like a good hound on point. You can relax and feel better about it.  So you feel better about him now?

I guess so, as long as all the so-called judges and the so-called reporters and all the other so-called Americans can get used to the way he does things.

Oh yeah. The Prez has got it covered. You can take that to the bank. I mean . . . look around, the stock market agrees, it’s all good, not to worry.

Oh yeah? Sounds like a bunch of bull to me.

No way. Relax. The Prez has got it covered.

Really? Got it covered?

Oh yeah, not to worry. Eventually he’ll get all the leaks stopped; he’ll get ’em covered, and  his people will be running our .gov along like a fine-tuned machine.

I thought machine politics went out with the Democrats.

It did. Well, yeah, their machine went out because we won the election. You realize, of course, we won the election? You did get the news, right? in spite of all the fake news. . .


. . . and the machine will be fine-tuned, like a fine-tuned machine is what he said. Why can’t the Dhemmis and the Media get that through their heads? They need to get with the program.

Excuse me, I just think we are in a struggle for the soul of our democracy here. At least, that’s what my cousin Elijah said.

No way, Hosay! Oh, here’s my Uncle Tom here. What do you think, Tom? Is that over the top?

I don’t know. Let’s ask Steve. Steve, is that over the top?

Oh, no. It’s not over the top at all . . . when you consider his behavior at the press conference, and . . . all the things that are not working, the things that are signs that the administration has not even found its footing yet in Washington. People should be very very concerned about what’s coming next and whether the administration will ever be able to actually govern, which we haven’t seen it do yet. I don’t think there’s anything that’s over the top in terms of what the response would be to this kind of signaling from the chief executive of the United States . . .it’s all really mind-boggling. . . none of us I think has ever seen anything like this . . .

Hey, hey, hey, Steve, relax, man! Take a chill pill. Like candy, man. The candy man can. This ain’t no ratpack; this ain’t no disco, ain’t no jive He’s right on top of it. Not to worry, man. You need to lighten up, man. What you need is a little humor to leaven this heavy-duty trip that the so-called Press is trying to put on you. Let me help you, man. Did you hear the one about the Over the Top Prez?

Uh, no. Don’t think so.

Guy walks into a starbucks and he says to the barista . . .

Glass half-Full