Posts Tagged ‘economics’

Money’s Swan Song

August 11, 2019

In the beginning God created the heavens and the earth.

Well a lot has happened since then.

Our Creator had done some amazing creating through that original sparkle, and has given us the wherewithal to jump in there and participate in the creative playing out of all things in our domain.

The power to create was not given to other species on our planet—only to us.

We humans have done some pretty amazing things with our God-given talents.

After hunting and gathering, we planted, harvested and ate the fruits of our labors.

in the course of history, we have moved far beyond just eating, drinking and homesteading.

It’s been ever onward and upward for us, since we got a hold of this divine spark thing that we call creativity.

We’ve built pyramids and great walls, temples, mosques, cathedrals, skyscrapers, great bridges and machines that move across those bridges.

We’ve built roads, rails, blazed trails, had great successes and fails. We’ve devised tools, schools, lots of rules; we’ve forged implements, arts, coins, currency, and we’ve maintained a steady errancy.

We’ve painted, sculpted, interpreted the real world as works of art. We’ve disrupted, interrupted, corrupted and upended nature itself.

Now our carbonized creation turns—in some ways—against us.

Back at the olden time, when we received the power to cultivate earth, we were instructed to subdue those elements of the natural world that seem to be active against us—like, say, lions and tigers and bears. Such critters we had to subdue, so they would not make mincemeat of us.

Earthquakes, volcanoes, storms, tsunamis, etc.— these adverse forces we could not subdue, so we took shelter. As the ages rolled by, our sheltering instincts developed into elaborate structures.

And we have done pretty well with that. We homo sapiens have taken control of the planet—or at least we think we have. The planet may yet rise up to bite us in the ass. We shall see what happens with that.

A major sea-change that happened along the long odyssey of our progress was: we devised ways to substitute real goods into artificial representations of wealth.

Better known as making money.

MoneySwan

Land, food, livestock, clothing, shelter and such commodities that are essential for survival—all these are now exchanged by monies, currencies, paper-backed assets. And the latest thing is: electrons seem to be our new currency.

Our ancestors carved trails out of the wilderness. They gathered grains, sowed seeds, domesticated animals, and sold to neighbors or merchants all the produce thereof.

As those primary goods coalesced over the ages as markets, their value was measured and traded as money. This we called trade. Then we called it commerce, then business, and now. . . economics. We humans invented the system a long time ago because . . . well, because . . . I don’t why.

lt’s just what we do I guess.

For one thing, it made the process of manipulating wealth easier.

In economics, wealth was and is evaluated in terms of dollars or yuan or yen, or marks, francs, drachmas, denarii, zlotys, rubles, pesos, pounds sterling, etc.

Euros are the new kid on the block. They seem to have trouble making that one work.

The difficulty with retaining true value in these currencies is related to the fact that they’re—in real survival life terms—not really worth anything.

They only represent wealth. But they are not really the real thing.

I say the EU is having trouble establishing the value of their Euro. This goes way back.

The Brits, for instance, were having trouble in the 1930’s retaining the value of their pound. It seemed that their constructed currency could not maintain its value compared to gold.

Who the hell can compete with gold?

Gold goes way back.

Way back.

The second chapter of Genesis, for instance, mentions gold.

“The name of the first (river) is Pishon; it flows around the whole land of Havilah, where there is gold.”

I suppose there’s a reason why gold goes way back in our history. Even though you can’t eat it, drink it, or keep your household warm with it, it is . . .

quite shiny.

Beautiful stuff, that gold. Precious!

Back to the Brits. As the world economy was falling apart back in the ’30’s, many savvy persons decided they would trade their British currency—pounds—for gold.

So many savvies were wanting to get back to gold, that the British government quit selling it.

What would happen after such an arrangement?

I think it was that fellow Keynes who figured out that—guess what—the economy just kept on cranking—all the goods and stuff and commodities and products and financial instruments and whatnot—just kept swirling around in international commerce.

The world didn’t stop turning. Business just kept on doing their thing. Rich get richer and poor get poorer and hey what else is new.

What else is new? Nothing. Nothing new under the sun.

Guess what. We didn’t really need gold to back currency! It was just a phase we were going through—the golden age of gold.

Back in ’73, Nixon pulled the same trick as the Brits had done in the ’30’s. He and his Bretton Woods powers-that-be decided we could no longer afford to sell gold for dollars. Too many folks wanted the gold instead of the dollars.

So we see that man-made currencies are not foolproof, and the gold bugs are always trying to make a comeback.

Money is a habit; that’s all. A very old habit.

Folks are born and bred into this modern economic world.  We are commercialized, or socialized (depending on your politics) to just keep spending those pounds and dollars and cents and euros and yuan and yen and SDRs and thusandsuch.

Nowadays we don’t really even use the money any more. Now it’s just electrons flowing around that represent debits and credits.

And that’s why—I suppose— the central banks of the world can keep cranking out their reserves, because the right to assign value is now reserved to them. It has nothing to do with gold or fiscal guarantee.

The central banks, in the fatal footsteps of every financial crisis, have reserved the right to “create money out of thin air.”

I told you we were creative!

The greatest discovery of the modern world:  we don’t even need anything to take the place of gold.

Money is just an old habit we have; we’ll never put it to rest. So somebody has to be “printing” it somewhere.  We spend so much money that all the .govs of the world are running deep debts trying to keep all the citizens fat ‘n happy.

There’s so much liquidity in the world today that the dark swan of excess has smooth sailing. Someday, some Leninish strongman will come along and dissolve all that debt into even more liquidity.

It will be a meal ticket for everybody. Yes, Virginia, there is a free lunch, doesn’t matter who’s paying for it.

It’s only money.

Glass half-Full

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From Enlightenment to Onlinenment

May 4, 2019

Peering way back in human history, we find . . . generally, the battles have indeed been won by the strong, and the races are usually won by the swift of our species.

There are exceptions, for sure, but generally you know it’s true. Them who know how to throw their weight around  usually manage somehow to outweigh the rest of us.

The people who manage to work, or fight or compete, to the top of the heap—those folks pretty much stay on top of things until some group or faction that is lower on the pecking order manages to muster enough money, or strength or discontent or firepower or political power to throw the bums out and usher in a new regime of wealth, or weapons, or wherewithal to take charge of things and call the shots.

Throughout history we talk about this and wonder about how to deal with it in ways that are fair and equitable, and maybe even civil.

In the last 300 years of pondering these issues, we’ve moved from the Age of Enlightenment, through the Age of Development, and now we’ve progressed into the Age of Onlinenment.

Three centuries ago, power was all about royalty. The royal houses pretty much ruled the world. They divided it up. Now and then they fought battles, or even wars, to re-draw the boundaries of ownership and authority and hegemony etcetera etcetera.

The printing presses had gotten in gear back in the 1400’s; over time all those mechanically copied manuscripts began to make a difference in everything that happened.  Ideas got spread around through documents and books, and people began to think more, exchange ideas and information more, think differently about themselves and the world they lived in, and . . .

People got smarter, or at least they thought they were smarter. At any rate, they had more information (more data!) to work with. Many of these smart folks figured out that they could work their way out of indentured servitude or serfdom or whatever royal arrangement had been holding them back.

So they moved off the estate, and into town; there they set up shop, doing business, making goods and services that people needed.

Capitalism was born. . . little people doing business and making it on their own.

Along with capitalism came the age of Enlightenment, a time in history when more and more folks were figuring out that hey! we can do this this thing we don’t need the bluebloods up in the castle to tell us what to do.

Although it took a century or two for these changes to really make a difference on a societal level, eventually the newly emerging middle classes had enough members and resources and smarts and clout to push the old fuddy-duddy royals out of power.

It was a long bloody process. Our American revolution busted out and changed the world forever.

Revolutions (1)

The French did an even bloodier version when they guillotined the Bourbon monarchs. As the proletarian uprisings gathered steam across Europe,  Napolean and Marx and hordes of discontented Europeans got out in the streets to rearrange the economic structure of things into a state more fitting to their demands.

Eventually, the Bolsheviks in Russia managed to run the royal Romanovs outa town. The new revolutionizing proletarians cornered those royals and put  bullets into their fair-haired Romanov heads.

Further down in Europe, the same Revolutionary zeitgeist was burning hot. 20th-century Liberation busted Western civilization out of its old royal antiquities. Along with the supposed modernizing came a bloody mess called the World War I.

Archduke4

When the guns were finally silenced in 1918 and the smoke cleared and the dust settled, the world was a different place.

Most of the royal houses had been run out of their big houses; what was left of them were cornered into ceremonial roles, and a new way of doin’ things became the order of the day.

Our yankee country country here had a lot to do with the way things turned out. After we had sent King George and his reds back to Britain with their tail between their legs, we had a whole, vast, 3000-mile continent just waitin’ to discover what the steam locomotive and the motorized tractor and the combine and the cotton gin and the blast furnace and everything from Pittsburgh to Pacific was all about.

And by the time we got to the Pacific, by crackies, the world was mechanized.

We had wrought it into a whole New World.

However, as things developed here in the 19th-century in the big wide bustin’-out USA, the ancient hierarchical tendencies of the human race had re-asserted themselves the fray, and before you know it—in spite of all the wide open spaces and new opportunities— we were back into a situation where the rich got richer and and the poor got poorer.

As the tycoons and magnates—Carnegie, Rockefeller, Bell, Edison, Morgan—got America all cranked up on oil and gas and electrical power, they formed companies.

By ’n by, them companies grew and prospered, and—long story short—those little startup corps from our late-19th, early 20th-century developments eventually morphed into giant corporate behemoths.

Even so, every now and then throughout the last century, a big economic reset button gets pushed somewhere and the forces of mankind whack the hell out of all our wealth-gathering institutions.

The biggest Depression hit back in ’29 and hung itself around our necks until the big guns showed up to blast us out of the trenches. After the Second Big War, we had a big round of wealth-spreadin’, middle-class widenin’ expansion with more folks than ever before jumpin’ on the middle and upper-class band wagons.

It went on a half-century or so, with ups and downs along the way but most everybody gett’n’ at least a little better off along the way, until ’08 when another whopper hit wall street; it dumb-struck the powers-that-be for a few weeks until they got their act together and yacked their way into a deal in which We the People baled them and ourselves out of what would have been disaster, or so the tale is told.

Anyway, here we were a century+ past those robber barons and big wheels and under-the-table deals, and the corporations are thought to be running the whole shebang.

19th-century: the Royals, kings and queens, monarchs, dukes, earls, counts, etcetera etcetera

20th-century: CEOs, CFOs, Chairmen of the Boards, etcetera etcetera

All along the way, a whole lotta regular folks have jumped onto the Corporate bandwagon and wiggled their way into some of the booty therof. Out here on the coasts and in Flyover country, a whole lot more of us consumers are in a big way dependent on this Corporatized way of doin’ things.

By the late 20th-century—and now going into the 21st—the upper-middle-class’emites who keep the electrons and the debits and the credits and the assets  hummin’ along through that vast Corporate power Web— they are pretty well fat n’ happy, like their blueblooded ancestors.

Their modern morph-up into class and privileged status was Corporate-fueled, not Royal-based like in the earlier versions.

Especially since ’08 when the whole financial world blew apart again and We the People bailed the Bankers and their kissin’-cousin Corporate mavens out.

In this round of history, the Discontents among us not using the printing press so much to drum up all this protest and pushback we see rising . This time it is more about the the Twit and the Web and the Net.

We’ve progressed past Enlightenment, past Development . . .

to Onlinenment.

DigitHeads

And by means of this digitized Onlinenment, folks are gettn’ all hot n’bothered again, and workin’ themselves into a tizzy about those same ole inequality-breeding patriarchal tendencies, which have forever reared their privilege-seeking heads into positions of authority.

We find ourselves once again passing Go. Roll the dice and collect $2 million. And so the rich get richer and the poor get poorer. What else is new?

But this time the disruption is not about throwin’ out King George or King Louie or Czar Nicholas or the Archduke of Serbia.

In this round, its about throwin’ out the Corporate mavens and their kissin’-cousin Politicians, and maybe even the Digitheads along with them, and then replacing them with . . .

um . . . with what?

Y’all Discontents be careful now. We don’t want any more Stalins or Maos, or even Chavez. Let’s talk about this.

Go easy on us who are fellow-travelers in this planetary arrangement. Let’s not throw the baby out with the bathwater. Don’t wanna throw the can-do out with the carbon.

Glass half-Full

The Knave New World

May 2, 2019

In 2007, Alan Greenspan published a fascinating book that chronicled not only his own life, but the life of the monetary world in which he grew up,  and in which he ultimately played a major role as Chairman of the Federal Reserve.

  https://www.amazon.com/Age-Turbulence-Adventures-New-World/dp/0143114166 

Mr. Greenspan’s keen observation of contemporary monetary history is demonstrated throughout the book. On page 92, Alan had this to report about the legendary Reagan tax cuts of the 1980’s:

“The cornerstone of the Reagan tax cuts was a bill that had been proposed by Congressman Jack Kemp and Senator William Roth. It called for a dramatic three-year, 30 percent rollback of taxes on both businesses and individuals and was designed to jolt the economy out of its slump, which was now entering its second year. I (Greenspan) believed that if spending was restrained as much as Reagan proposed, and as long as the Federal Reserve continued to enforce strict control of the money supply, the plan was credible, though it would be a hard sell. This was the consensus of the rest of the economic board as well.

But (David) Stockman (Reagan’s Budget Director) and Don Regan, the incoming treasury secretary, were having doubts. They were leary of the growing federal deficit, already more than $50 billion a year, and they began quietly telling the President he ought to hold off on tax cuts. Instead, they wanted him to try getting Congress to cut spending first, then see whether the resulting savings would allow for tax reductions.”

Well good luck with that!

And gollee, that was about 39 years ago, and about 20 trillion $$ of federal deficit ago. . .

Ronald Reagan, God bless ‘im, was the last of the Mohicans of old-style let’s-try-to-balance-the-budget school.

Yet we still pay lip-service to that principle.

But–let’s face it– those days are gone forever. They went out with with saddle oxfords and gumball machines and  Archie Bunker and 1-cent lollipops and debits on the left with credits on the right that balanced each other out.

Now Reagan, God rest his soul,  is no longer with us, nor Kemp,  and the world is a totally different place. Ronald Reagan was the last of a balancing breed that has vanished into fiscal history.

The cowboy hero has ridden into the sunset.

David Stockman is, however, still with us, and still living in the past,  still harping, God bless ‘im, on old-hat financial and fiscal responsibility. Good luck with that, Dave!

https://www.deepstatedeclassified.com/dsd20190426/

In his most recent newsletter, David Stockman posted this assessment of our present situation:

“The Main Street economy is failing. But the Wall Street fantasy is thriving. You can lay responsibility for this dangerous disconnect at the doorstep of the Eccles Building.

The Federal Reserve’s extreme monetary central planning regime long ago disabled capital markets and destroyed price discovery.

Bubble Finance has euthanized workers and savers and lobotomized traders and speculators.

And our monetary central planners know it.”

While Mr. Stockman’s assessment may very well be true, it may also be irrelevant.

The world . . . as it always does and always has, has changed.

Tap your ruby slippers together, David.

RubySlippers

and close your eyes and realize: We’re not in Kansas any more. All the rules have changed. Take off your rose-colored glasses.

We’re not wheelin’ and dealin’ in ole Wall Street any more, or Peoria or Pittsburgh or Palm Springs. Now we are in, as Aldous Huxley once said, a Brave New World. . .

A world in which monetary markets and price discovery are no longer the primary determinants in the money game. . . a world that has, yes Virginia, yes Alice and yes Dorothy, been commandeered by a thunderous consumerist horde who have no wish to be bound by these old financial fuddy-duddy obsolete principles, a world that has been fundamentally transformed by Keynesian realpolitic and by the pragmatic keep-bailing-this-boat central bankers of the world with their legions of yassah data-crunching technocrats to maintain the welfare of us all.

And we will never go back.

Because money itself is, and always has been, truth be told, worthless, being nothing more than klinky coins that can get you a wad of chewing gum, or paper bills that can get you a sugar-high from a vending machine, or electrons that can get you a charged-up night on the town, or a day in the sun, a week at Disney if you’re lucky, and a health-insured, social-security certified lifetime in this knave new world.

The “Capitalism” of Adam Smith and John Stuart Mill and Jacob Marley and JP Morgan and even Warren Buffet has . . . gone the way of the buffalo.

Now it’s just benevolent electrons whirling around the world taking care of everybody.

And when you finally see the writing on the wall, Dave, look at those deficits and . . . read ‘em and weep. Nobody cares about deficits any more.

The central bankers of the world will never have to face the music of fiscal responsibility that keeps ringing in your ears.

We’re never going back to the old balancing acts. Where we’re headed is. . . everybody gets a meal-ticket as long as all’s quiet on the Western front and the red sun still rises in the east. Welcome to the knave new world.

Glass half-Full

Green Money

March 20, 2019

It has been about 200 years since our great American expansion picked up enough steam to really get going full throttle.

From Maine to Miami, from Seattle to San Diego and everywhere in between, in our humongous exploitive thrust westward, southward, and  every whichaway you can think of— we went bustin’ through the Adirondacks, the Appalachians, across the  wide prairies, over Big Muddy, up the Missoura and all the way down to the Rio Grande, through Sierras out to Pacific shores, even leaping oceanward and skyward to Hawaii.

EucTre4

Back in the day, when we got into the thick of that vast continental expedition, we moved over and through rolling virgin landscapes of living green.

Green were the great evergreens of the North. Green were the hardwood forests on coastal plains, on Appalachian slopes, on heartland grasslands. Green were the piney woods of the South. Green were the grains of the far-stretching prairies.

And the certificates by which we assigned value to our works—these too were green.

Dollars—we designed them in green.

Dollar

So, green were the dollars that transacted our nation through thousands of ventures, millions of contracts, compelling trillions of working hands that were capitalized by investing hands, then driven upward in value by speculating hands and traded cleverly by arbitraging wallstreet whizzes.   

Some newly-immigrating Americans moved independently, others collectively, across the continent. All along the way they cultivated green crops and earned green dollars wherever they settled, digging, mining, organizing co-ops, forming companies, building roads and bridges, collaborating, accumulating capital, incorporating, expanding, growing, thriving, burgeoning and burdening.

Burdening the earth. Extracting to the max all along the way. Tow that line; tote that bale. Milk it for all its worth.

By the time mid-20th century rolled around, ole mother earth was bursting at the seams, displaying scarred hillsides, scraped-out open-pit mines, hollowed-out insides, chemicalized sores, oozing green slime. . . but enabling us thereby to whiz along on continent-wide  interstate rides. Hey, let’s pull over for a song break:

  http://www.micahrowland.com/carey/Deep Green.mp3

We grew up with stock-green scenery whizzing by outside the windows at 65 miles per hour— seemingly insignificant landscape sliding through the view on our way to wherever our best-laid plans of mice and men might propel us.

At ramping exits we egress to fill-up on the American dream, then cruise control at 78 mph in our lean dream transportation machines. Green, green is just a tucked-away scene behind the gas station.

Still yet are the the dollars green, but only in our minds, because now we’ve digitized them so we don’t actually lay eyes on them $$ any more.

And then, lo and behold, a new thing happened. Motivations morphed. The politics that drives our nation states began to turn green.

Whereas, before, red, white, and blue were the colors that motivated us.

Now we find that the ole faithful red, white and blue of Liberty has run its course through world history. Those other nation-states that had followed our galavanting, capitalizing lead. . . now they have fueled their engines with our money-green currency, and they did park billions of our little federal reserve notes into every marketplace and bank vault across the globe. . .

But what goes around, comes around, and when it recycles, it morphs as something different.

Alas, so now what new Green through yonder Continent breaks?

Turns out that some Keynesizing technocrats have devised a means to turn the whole financialized world around so that the new motive—the re-greening of earth—becomes society’s great purpose and goal. On the old economic scenario of Supply and Demand, Sustainability arises as the new Remand.

Instead of the profit motive! Instead of Go West Young Man, now we find a new clarion call: Go Green Young Band!

     https://www.socialeurope.eu/green-money-without-inflation

Will it work?

Glass half-Full

What about this Post-capitalism?

March 3, 2019

There are a many constructive ideas floating around in the world today.

Some are commendable, others not so much. If people propose plans for making the world a better place, then let’s hear them. Let’s consider those plans.

In our present big picture, the hot-button point of contention seems to revolve around the fate of free-market capitalism, in an age of diminishing planetary tolerance.  Is capitalism as we know it an appropriate framework for just and equitable economic development in our present, allegedly climate-changing world?

Are free-market institutions still appropriate for our collective life in the postmodern 21st-century?

Can free-market capitalism even be retained in our planetary future? Or will it be overpowered by some new 21st-century tamed-down socialism?

Generating from some academic and technocratic quarters, we find revisions of the old Marxian ideology, along with assurances that the world has certainly learned hard lessons through the disastrous failure of 20th-century communist experiments.

At  https://www.socialeurope.eu/postcaptalism-unbearable-unrealism , Paul Mason writes:

    Moving to postcapitalism does not entail eradicating market forces overnight or accepting the command-planning methods of Soviet economics. The aim is to design a controlled transition in which market forces cease to operate as the primary allocator of goods and services on the planet, in which the state shrinks and the debt mountains are dismantled.”

and

   “In the past 15 years we have built a highly dysfunctional system, which is unsustainable on all traditional assumptions. It is a system of permanent single monopolies, with massive rent-seeking and financial exploitation, the creation of low-wage, low-skilled jobs designed to keep people inside the system of credit and data extraction, and massive asymmetries of power and information between corporations and consumers.”

Now, as a centrist conservative American, I read those above words and they somehow ring true. There is a sense in which I feel there is maybe some realistic MainStreet experience  missing there, but I see that Mr. Mason raises valid points, which are worthy of our consideration.

On the other side of the debate, Jordan B. Peterson has a different take on our world problems and how to solve, or at least address, them.

At  https://www.youtube.com/watch?v=YXgZAdaMtS8&t=35s,      he says:

     “If you’re tilting toward the left, and you’re temperamentally inclined that way—and half the population is—then you have an ethical problem on your hands, which is . . . how do you segregate yourself from the radical policies of the 20th century? “

and

“. . . two things exist in a very uneasy (leftist) coalition in the West—there’s care for the poor, and hatred for the successful.  Those two things are not the same at all . . . and it looks to me that one of the things that really happened when the communist doctrines were brought into play , and also by the way we did the multi-national experiment.  It doesn’t matter where you put these policies into play . . . the same bloody outcome occurred. Didn’t matter whether it was Russia, or China, Cambodia or Vietnam—pick a random African country—or Cuba or Venezuela, for that matter. . . it was an unmitigated catastrophe. That has to be dealt with.  The intellectual left in the West has been absolutely appalling in their silence on the communist catastrophe.”           

Dr. Peterson, the speaker of these words just above, is a Canadian professor of Psychology at University of Toronto.

Down here Stateside, we have a sizable number of Americans who agree with his assessment. That supportive group includes the this blogger.

Back in 1989, freedom-cultivating citizens, such as I, thought we heard the ringing resonance of a Liberty bell when the Soviet Union fell apart and the Berlin Wall came down. We were patting ourselves on the back after those historic events, especially because Kennedy had gone to Berlin in 1963 and spoke:

    “There are some who say that communism is the wave of the future. Let them come to Berlin. . . Freedom has many difficulties and democracy is not perfect, but we have never had to put a wall up to keep our people in . . .”

And then later, Reagan went over there and said:

    “Mr. Gorbachev, tear down this wall!”

Well, the Germans did tear down that damn wall, and the subjects of Soviet domination throughout that terrible empire wasted no time in tearing down—not only a wall— but much more. . . the Soviet Union itself.

Like Humpty-Dumpty it was.

So the question remained: Would they, could they, tear down all that Marxist communist ideology that had built that wall under threat of gulag imprisonment? Could they expose and dismantle the Statist oppression that had built all the gulag walls? and the Stalin statues, and the tanks and the nukes, etcetera etcetera.

That would take a long time, and it has taken a long time. But in some ways, that early 20th-century tide of Marxist oppresso-utopian wishful thinking is seeping back as a kind of theoretical, kinder, gentler socialism.

So the question becomes: is there any part of the Dr. Jekyll Marxian collectivist ideology that is workable and fair? and, as for the Mr. Hyde alter ego: Is there any part of that disgraced Soviet that would creep back as fierce totalitarian servitude?

Cmnism

On the other side of 21st-century civilization, at the same time, and as long as we’re at relative peace in a cooperative globalist attitude, another question arises: What parts of FreeMarket Capitalism are still workable?

Tiananmen talk

Advocates of our free-market democratic republic must admit, for instance, that yes, Virginia, Freedom and free-market capitalism does have its problems. It always has, although those troubles do not necessarily disqualify the free market as a model for economic well-being.

The weak spot in our capitalist framework was exposed in 2008-9, when our financially engineered wall street perpetual profit, speculative machine flew apart, and sent all of us free-marketeers high-tailing it for the exits.

Statistics reveal that since that disruptive correction in the fall of ’08, a stubborn stagnation has taken hold of our economy. Even though the Fed cranks out statistics to reinforce the notion that we have recovered . . .we have not recovered.

You call this a recovery?

No way!. I grew up in the ’50’s; I know what a real recovery looks like, and I worked my way through the ’90’s.I know what a truly busy, productive economy feels like.  And whatever we got now—this ain’t no real recovery.

  This is stagnation.

The Feds got all their numbers trying to convince us that all is well, but the truth is: So many folks are not making enough money to prosper. They’re just gettin’ by. Meanwhile so many speak of a widening inequality gap, and although I don’t really see the world in those “class warfare” terms, I suppose that, in some sense, yes Virginia, the rich are getting richer and the poor are getting poorer.

But then, hey, hasn’t that always been true? We shall see. At any rate, let’s not get all commie-bent out of shape about it. Just keep busy. Find something helpful to do. As Jordan says, responsibility gives life meaning. You can start by cleaning your room, and thereby making the world a little bit better place.

Glass half-Full

The European Project

September 19, 2018

The Beginning of the End of the Royals running Europe started with an upstart French officer named Napolean and a musician from the German outback named Beethoven.

The End of the Beginning of the End came when Austrian Archduke Franz Ferdinand was assassinated in Sarajevo in 1914, the event that ignited the First Big War.

Archduk4

The End of the Royals running Europe came when the appointed Generals, elected Presidents and Prime Ministers of a war-crippled Europe assembled in Versailles, France, in 1919.  The secular Leaders began trying to pull the pieces of Europe back together again, to reset Euro Civilization on a new Democratic/Republican game-plan.

StreetValncia

Since that time, the Europeans have had a rough time of pulling themselves together as a political entity. To begin with, the rubble-heaps of post-WWII Europe ended up  in a new polarity of two distant controlling hegemonies—the US and the USSR. These two emergent political empires  were centered  far outside of the fanciful entity we know as Old Europe, which existed in previous history as a continental area governed mostly from these ancient Capitols:  Athens, Rome, Madrid, Paris, London, Berlin, Warsaw, Prague, Budapest, Vienna, and—a most honorable mention—Geneva.

I call Geneva  honorable  because it is the City  on that grand network most associated with a very important concept: Peace.

The Peace of Europe had been, for 1900 years, an elusive State of Affairs, which somehow managed to survive as a glimmer of hope in the Heart and Soul of a quasi-mythical Europa.

Europe is very old, but contemporary Europeans have taken on a venerable Project to form a European Union. Exactly what that is, is a matter of political evolution, politics, compromise, and of course, Money.

This EU is a logical step forward, because the formerly long-hoped-for Peace of Europe has been flourishing since Allied victory was won at great cost of blood sweat and tears, in 1945. By the grace of God and Man, Europe has been at peace with itself since that time, 73 years.

But the next step beyond the Peace of Europe– European Union– is a prospect as elusive as finding the Holy Grail, or Valhalla, or Arcadia, or Elysian Fields of Camelot or Heaven itself.

But its political success is nowhere as easy as the Prospect for Unity that we Americans had back in the day. We had a vast, undeveloped continent as a frontier, which was populated originally by primitive tribes who were unorganized and unprepared to deal with our transplanted European development Mindset.

Most of us Americans had ancestors who wandered via Ships across the Atlantic to—as it turned out— find and construct a New World. Our forebears were confronted only by those undeveloped tribes who were already here, and a bunch of competing, mostly-poor immigrants like ourselves from different mostly-Euro traditions.

We certainly had some problems along the way, getting it all together as the United States of America. We even had a goddam Civil War trying to get it all worked out but we managed to get through that and keep the Union going, and expanding all the way to the Pacific shore.

Yes, we certainly had some problems getting it together, but our USA has been, relatively speaking, a light-duty Project compared to what the Europeans have been dealing with since the Collapse of the Old Roman Empire.

We New Worlders had advantages. We did not have, you see, all that  2000-year-old institutionalized sociological, economic and ethnic baggage that the Europeans have had and still have that keeps them caught up in differing National Purposes and Visions.

Presently, between the Teutonic bean-counters and the Mediterranean lay-backs, Europe just cannot get it together to decide how all the Expenses of governance and economic maintenance can be Paid-off.

Now we Americans don’t necessarily pay our Public Deficits either, but at least we are United in our rhetorical affirmation of equality and justice and Credit for All.  So we just keep running up the Tab and nobody gives a dam, because we have been, for a awhile, the, you know, new kid on the block and king of the hill and all that and we can get away with it.

Whereas the Euros are presently arguing about Who is going to pay the bills—the Teutonic bean-counters or the Mediterranean lay-backs.

We Americans cast a trans-Atlantic glance at them and express our deepest concern and well-wishes for a continuing Progress toward the elusive European Union and we say wholeheartedly:

Good Luck with that!

Now here’s the good news.There is a bright lining that envelopes this present Cloud of Complex Cooperation in Europa.

French President Emmanuel Macron has now proposed a new plan whereby the burdens of EU Debt, Expense, Governance and Administration of the EU are Dealt-With according to (as my American online ignoramus self-satisfied cyber-awareness would understand it) gradations of Participation, Responsibility and WhothehellCares-Responsibility in the EntitiesUnited of Europa.

These levels of Participation will be most heavily taken Seriously and Attended-To by those State/entities that are closest to the Center of Power and Influence. The peripheral Nations/States will be garnished according to their relative positions in the  outgoing Concentric Circles of Europe.

These Circles are most likely actually Parabolas. Because the actual Working Center of Europe consists not of one Point, but rather, Two Points, where the real Movers and Shakers (Bankers) of Europe run their Industrial/Financial Empires.

The Two Points are Berlin and Paris. There is a Third Centric point between them: Brussels, which is the errand by for Paris and London.

So we see that, with  Monsieur Macron’s proposed plan for the widening Circles of Influence, Europe has great Hope for the Future.

It may be a plan worthy of implementation. The Europeans have achieved Success in the Development of an essential condition: Peace.

Now it’s just the Money that’s hanging them up.

This American believes that the pesky Arguing about Who pays the Bills is actually Progress, because it is qualitatively better than Bombing each other! So they must have gotten something right, beginning back in ’45.  They have indeed  come a long way since Sarajevo in 1914.

TrainBarc

One more thing, very important. This American notices that, in spite of all the different member nations with different languages and politics and values, their system of Trains and Metros puts ours to shame. With just a mention given to their impressive High-Speed, Efficiency and Clockwork Precision, the most endearing characteristic of the Euro rail is Ease and Comfort. Taking a Euro train trip from one city to another is a much easier and far more comfortable Prospect than doing the yankee airport runaround, with sardine-contortion seating and  limited passage in the aisles when you may have to pee. Most important of all–the train seats are comfortable, roomy, easy to get in- and out-of, and less pricey than planes.

Maybe we can teach them something about Debts Pretension, while they teach us something about Running the Trains.

EuroTrain

Smoke 

Solar Tech–what needs to happen

January 24, 2018

When I was a young man, idealistic and foolhardy, I attempted to start a newspaper.

I was in Asheville, a progressive southern town that was collectively trying to morph itself into a sort of Santa Fe of the South.

The year was 1977, and the gas-rationing effect of the so-called Arab oil embargo was still fresh in American minds. We, the generation who had convinced the gov. of the US to get the hell out of Vietnam, were convinced that we could also make a constructive impact on the way business and industry was conducted here in the USA.

Solar tech was a rising star in everybody’s minds, or so we thought at the time. With leadership from Mother Earth News and other early sustainability advocates, many of us free-thinking boomers thought we could shift American Big Business interests from dependency on costly oil to a widespread earth-changing acceptance of Solar, Geothermal and Wind technology.

Solari

So the fledgeling “newspaper” that we were promoting did a center-spread on Solar Energy and Solar Collectors. One of our fellows was a fellow named Jim Samsel; he was from Oregon, or had lived there, and seemed to know more about the subject than most us. He included some diagrams that, as I remember, helped us and the readers to get a visual on what solar collectors looked like and how they were supposed to work. We felt good about our tentative thrust into progressive energy conservation.

That was 41 years ago. Since that time, my life has shifted toward more down-to-earth activities such as loving my wife, raising the children, educating them and living as a Christian family. So my interests drifted away from quasi-experimental pastimes such as dreaming of solar tech, which was known to be expensive to install and maintain.

Since that time, my wife and I have purchased and lived in three houses. On none of them have we installed solar collectors. The expenses of of life and a growing family overtook my nascent interest in alternative, home-based, power installations such as solar.

Now we live in Boone, which is home to Appalachian State University.  Here at ASU, the alt-tech professors and students have put together a noteworthy Sustainability curriculum, with appropriate technology workshops and experimental projects that I occasionally hear about. I haven’t been keeping up with it, but I do know there’s a lot going on out there pertaining of improvements of solar collectors and storage cells.

And that is good. I say more power to them. I hope they can make a big  earth-friendly dent in the massive oil-based infrastructure that has for so long held us all in hydrocarbon bondage.

Solar1

Over the years,  I have occasionally pondered the plight of solar pioneers who have stayed with it, and I formed a little scenario in my mind that posits what needs to happen for solar to really get a significant foothold in our American infrastructure, by way of John Doe’s household and Jane Smith’s homestead.

My scenario starts with a fantasy: a widespread societal/economic attitude shift that inspires homeowners to install solar-panels on a massive scale—millions of homeowners thinking (believing) they can actually save money on their electrical bills by gathering energy from the sun on their very own rooftops. Makes a lot of sense if you think about it.

And the scenario works something like this:

Joe Blow has a few extra hundred bucks in his paycheck this week, so on Saturday he decides to go to the local Lowe’s or Costco or Sam’sClub and pickup another collector or two. He hauls them to the house and mounts them on the roof with a hardware system that has been patently engineered for simplicity of design and installation. The electrical connections below—hooking up to the panel and thereby the household electrical system—have previously been done by his electrician friends Wayne and Bryan.

Solarj

Then, after the connections and installation of the new panels have been accomplished in a half-day or so, he settles into an evening of relaxation with the surety that next month’s electric bill will be lower a a result of his incremental investments up on the roof. As time goes by, Joe uses a few extra bucks here and there to consistently repeat these simple periodic installations and thereby save $ by lowering his household’s power consumption.

Now what would it take for such a scenario to be reality instead of my tech-fantasy?

Starting with a look  back into history, back in the day, over a hundred years ago . . .

Henry Ford figured out how to actuate a new idea called mass production. Within a few decades, a Ford “in every garage” began to be a reality in American development and life. Every Joe Blow now understands that the reason this could happen was because Ford’s mass production assembly line enabled the company (and ultimately the wider automotive industry) to get the unit cost down to an affordable number that Joe and Jane Sixpack could actually spend to purchase a a car or truck for their family.

Now this is what we need for the solar industry in America–mass production and mass-market.

Who will take up the mantle? Who will heave the solartech excalibur out the stone of oil-dominance?

Tesla? GE? Some as-yet-unknown Startup in Phoenix, Detroit, Boone or Montgomery?

That remains to be seen, when and if it ever happens.

Meanwhile, back at the ranch . . .in a brand new 2018. . .

Now suddenly appears an Omen that  perhaps the previously-thought-to-be-conspiracy Industrial Establishment has finally gotten a hold of the Solar vision! The next new expansion manufacturing industry!

What omen is that? The President announces a 30% tariff on foreign-manufactured solar collectors (and washing machines.)

Does this protectionism portend a willingness of American Industry to, at last, leap into solar production because they can now, with a little gov. help, compete with the Chinese and South Korea?

Or, more cynically, does it indicate the continuing Establishment denial of Solar development on a large scale for the sake of continuing oil hegemony?

We shall see in the days ahead what the effects of this tariff will be on our still-nascent Solar industry in America.

SolarStLuke

  Glass half-Full

The Tweaking of the Technos

September 2, 2017

‘T’was about two hundred year ago that the world tilted toward changing at an exponential pace.

The advent of the steam engine had a lot to do with this. Imagine, for instance, what native American tribes, living primitively, must have thought about the first locomotive when they saw a big huffn’puff thing speeding toward them along the steel track.

It was a terrible sight to behold– belching steam and screaming along across the landscape like it owned the place.

Locomotv

And in terms of world history, that wasn’t so very long ago. We humans have definitely picked up the pace of our progress.

We’ve come a long way since those groundbreaking days of the steam locomotives. Back in those early techno times our big deal was extraction. By means of steam-powered locomotion we extracted vast amounts of resources from vast landscapes for a vastly long time and then we transported those extracted elements vast distances, to industrializing cities where they were converted into vast products that were sold and distributed to vast markets of people whose consuming habits were fastly becoming vast.

All this vastness was enabled because our new powering technologies made everything happen on vastly larger scales, and in vastly faster timetables.

Eventually, the trains went the way of the buffalo when our cars and trucks began to roll off mass-production assembly lines and then all across the globe. Before you knew it, everybody and their brother were driving around via internal combustion vehicles of one type or another, spewing carbon emissions and additives and whatnot all around the globe.

Because so many people had jumped onto the industrio-techno bandwagon we found ourselves with vast labor markets which consisted of vast numbers of people cranking out all these vast inventories of consumer goods and services.

That whole industrial revolution thing wrought the humanic world into being a carbon-belching machine. After a century or two it has become an emissions-emitting perpetual motion device. But nowadays our whole vastly spinning automaton of techno progress is being re-evaluated. For the sake of equality-based prosperity, those vast labor markets are being tweaked by office-loads of technocrats who want to do what is best for mankind. But in a world of expending (used to be expanding) resources, it becomes more and more problematical to keep everybody busy in production.

By ‘n by, for management purposes more and more folks have become involved in producing information, so we can be smart about stuff. Information  used to be stored in libraries, but now is stored in digitized files. Our terminology has morphed. As we used to shovel dirt and ore and coal and whatnot we now move vast loads of information. For simplicity sake we now call it info. Furthermore, as our  exponential changes are happening at a vastly stepped-up pace we have  spun into calling it “data.”

We notice that, while the world economy used to run on vast extractions of elements, it now runs on vast iterations of data. And if you believe that, I’ve got some swampland in Houston I’ll sell ya.

But I digress.

In our 21st-century techno-world we have generated vast hordes of data-analyzers, experts, number-crunchers and technocrats, whose mission is to  keep everything cruising along on an even keel.

Their informed consensus is that we need  a steady state, which eventually morphs into a steady State. Old style capitalism is dead, y’all.

The most potent example of this trend is the Fed.

A century ago, we had banks that were fervently financing the great industrial expansion. Now all the banks have become mere bit-players; the real mover and shaker is the Federal Reserve, the financier of last resort, as they are moving vast file-loads of reserve fiat currencies around the world the way JP and John D used to move their earth-shaking  investments.

Now the Fed keeps it all humming along on an even keel, not too fast not too slow. No more boom or bust, no more depressions, but rather one long macro-recession/expansion whereby we perpetually power the world economy at a predictably stable theoretical 2% expansion rate so as to assure that the main characters have assets to pass around  like peace pipes and, along with that, generally everybody has a job to do so we  don’t have too many folks fall into non-productive dependency on the system.

Good luck with that, y’all.

Therefore,  let us henceforth have everybody producing something, but not anything that will aggravate the emissions hockey-stick curve. Let’s keep the proles fat n’ happy—or, excuse me—fit n’ happy, if possible without deepening the carbon footprint, lest we fall into deep sh_t.

A good way to do that is convert everybody to being producers of data instead of them being producers of carbon-spewing autos and such.

In olden days we had vast factories where workers cranked out trains and trucks and autos and washing machines and TVs and then microwaves and computers and now data and data and data and more data.

So now the world runs on data, don’t you know. And if you believe that I’ve got some swamp land in Houston I’ll sell you.

But I digress.

How ‘bout I give you an example of what it means to be living in a blahblah new world where our collective assets are studiously maintained by  tweaking  technocrats.

Check out this data from an analysis of labor/welfare incentives in Europe, posted  last week by Daniel Seikel.

https://www.socialeurope.eu/activation-work-poverty  

“If it were true that employment is the best route out of poverty, including in-work poverty, then, logically, the share of working poor should at least not increase if there is significant employment growth. The combination of employment growth and increasing in-work poverty suggests that activation policies might shift poor jobless persons/households to poor working persons/households. Therefore, it is necessary to analyse the effects of different labour market policies on in-work poverty. In particular, what impact do the different elements of activation policy – conditionality, re-commodification and active labour market policies – have?

In theory, two effects are possible. First, active labour market policies can improve the qualification of job-seekers and enable them to get better paid jobs. This can lift formerly poor households above the poverty threshold (disposable household income below 60 percent of national median income). Second, the demanding elements of activation – strict conditionality and a high degree of re-commodification – can force unemployed individuals to accept job-offers even if the pay-levels are low. In this case, the income of the successfully activated might be too low to lift the household above the poverty threshold – poor unemployed would become working-poor.

That’s true, Daniel, I suppose. I’ll take your word for it. But whatever happens, however all this turns out, I can see we’ve come a long way from

Locomotv

to

TweakTek

In the olden days, the command was:

Move that barge; tote that bale!

The new program is:

Tote that phone; send that file!

This is progress, and this is what progressives have called for. It’s no wonder the outcome is Twitter, in which all the complexity of former times is dumbed down to 140 bits or pieces per event.

Good luck with that, y’all!

Glass Chimera 

A New Bretton Woods?

August 1, 2016

We were in Rome about a year and a half ago, as part of a traveling celebration of our 35th wedding anniversary.

One evening as we were lollygagging through the busy rain-slicked streets and sidewalks, we passed in front of a very special building. It was the Rome headquarters of the European Union, or “EU”.

I wanted to take a picture of the building’s entry, because that is what tourists do–take pictures of important places. Seeking a broader view, I crossed the street. While positioning myself and the phone to snap a pic, the guard across the street noticed my activity. He started waving at me frantically, indicating that what I was doing was not permitted.

Excuse me. I was taking a picture of a public building.

In America, we take pictures of .gov buildings, because we have, you know, a government of the people, by the people and for the people, which means, among other things that the people can take pictures of their headquarterses (as Golem might say.)

Is this not the way you do it in Europe? No pictures of the RomeEU headquarters?

Nevertheless, here is my smuggled pic:

EURomeHdq

If you squint at my little jpeg here, you may discern the guard’s upraised right alarm, a gesture of command intended to communicate a stop order on my touristic activity. It vaguely resembles another raised-arm signal that was in use in Europe 75 years ago, during the regime of Mussolini and that German guy who considered the Italian dictator to be his own puppet.

Or maybe I’m being too cynical about this incident. Maybe the guard was saluting me in some way, acknowledging my importance as an American tourist in the city of Rome.

Now, a year and a half later, this morning, seated comfortably in my own humble domicile, back in the USSA . . . I was pondering the idea of government–whether it is truly “of. . .by the people”, or is it something else? Is it, as many citizens insist during these times of tumultuous societal change, actually an institution through which the “1%” (or as they said back in the old days, the “rich and powerful”) project their oligarchical manipulations upon the rest of us?

I was thinking about this after reading online an article about how the worldwide financial system that has evolved.

  http://seekingalpha.com/article/3993559-back-square-one-financial-system-needs-reset?ifp=0

In this Seeking Alpha blogpost, Valentin Schmid, as “Epoch Times” examines our international monetary system. His analysis appears to be generated from  a well-informed position in the world of money, assets and power.

Mr. Schmid raises the question of whether  the current (worldwide) debt load can ever be repaid, because there isn’t enough “real money” to go around.

This got my attention, because I have been thinking for a while that there isn’t enough “real money” to go around.

Haha, as if I knew about such things. I don’t know much about money; if I did, I would have more of it.

Anyway, Mr. Schmid’s question is answered by his guest interviewee, Paul Brodsky, in this way:

   . . . “I would argue central banks lost the ability to control the credit cycle. Some relatively minor event could trigger a series of events that creates the need for a sit-down among global monetary policy makers who finally have to acknowledge publicly that their policies are no longer able to control the system, the global economy, which is based on ever increasing demand through ever increasing credit.

And what might occur is a natural drop in output. So you’ll see GDP growth begin to fall. Real GDP growth across the world maybe even be going into contraction and that would spell doom for these balance sheets. And this is not something I’m predicting or trying to time at all, but the natural outcome of that would be a sit-down like a Bretton Woods where arrangements are reconsidered.”

   https://en.wikipedia.org/wiki/Bretton_Woods_Conference

So what is coming is, perhaps, this:

To compensate for a stalling of global productivity, the movers/shakers of the world may  construct a new,  top-down rearrangement of the world financial system. The purpose of this revision will be to fix the problem of not enough money to go around. Such an extensive reconstruction as this would be has not been done since the Bretton Woods agreement that was promulgated by delegates from 44 Allied nations in 1944.

In a 21st-century world inhabited by billions of inhabitants, our  accessibility to natural resources has heretofore been determined by how many holes we could drill in the ground to extract natural resources; and how many acres of crops we could plant to produce food; how many factories we could build, and so on. . . building an economy to work toward  spreading the bounty around.

In the future, however, we will be moving to a “knowledge” economy. Wealth creation will not be about how much you can dig in a day’s time, nor how much you can plant, nor what you can cobble together in your back yard or over on Main Street.

Wealth generation in the future will be determined by what you know, so start learning now.

The first three essential  things to know are these:

Reading, Writing, Arithmetic.

Well gollee, maybe it won’t be such a brave new world after all.

However this thing plays out, if enough of us can master these three skills, .gov of the people, by the people and for the people will not perish from the earth, we hope.

Glass half-Full

The American Deal

July 13, 2016

Way back in time, hundred year ago, we was movin’ out across the broad prairie of mid-America, slappin’ them horse teams so’ they would pull them wagon out across the grasslands and the badlands, and then blastin’ our way ‘cross the Rockies and Sierras all the way to Pacific and the promised land of California.

GoGate35

And it was a helluva time gettin’ through all that but we managed to do it, with more than a few tragedies and atrocities along the way, but what can you say, history is full of ’em: travesties.

Troubles, wherever men go– travesties, trials and tribulations. That’s just the way it is in this world. If there’s a way around it, we haven’t found it yet.

  But there has been progress too, if you wanna call it that. Mankind on the upswing, everybody get’n more of whatever there is to get in this life, collectin’ more stuff, more goods, services, and sure ’nuff more money.

Movin’ along toward the greatest flea market in history, is kinda what we were doing.

Taming the land, transforming the planet into our own usages, improving, or so we thought, on God’s original versions.

After that great westward expansion transference/transgression, had been goin’ on for a good while, and a bad while now that you mention it, we Americans found ourselves high up on a bluff overlooking history itself. At Just about that time, them Europeans had a heap of trouble that they’d been brewin’ over there and they dragged us into it on account of we had become by that time quite vigorous, grasping the reins of manifest destiny and ridin’ along, as so it seemed, on the cusp of history, seein’ as how we had been raised up on our daddy’s Britannic colonizing, mercantiling knee.

Then long about 1914, them Europeans dragged us into their big fatally entreched mess over there and we went and fought the first Big War, fought them high and mighty Germans that first time and when we got done with it and got back over here the world was a different place.

I mean the world was a different place, no doubt about it.

For one thing, everybody in the civilized world was so glad to have a little peace in 1920, we just went hog wild.

Everybody got out there a-workin’, roarin’ ’20s zeitgeist, scrapin’ crops out o’ the ground, building great machines, skyscrapers. Edison had electrified us; Bell had sounded the bells of modern communication; Ford had tinkered us into a vast new world of mass production with a horseless carriage in every garage and a chicken in every pot and and we were skippin’ right along like a cricket in the embers.

NewkDev

‘Til ’29, when the big crash came along.

  https://www.youtube.com/watch?v=39RKRelTMWk

Some folks said that Mr. Hoover, great man that he was, was nevertheless clueless, and so the nation turned to Mr. Roosevelt for new answers. FDR, young cousin of Teddy Roosevelt who had been the father, so to speak, of American progressivism– cousin Franklin D., Governor of New York, took the bull by the horns and somehow managed to breed it into a donkey.

So from Teddy’s bullmoose progressivism there arose, through 1930’s-style unemployed populist cluelessness, Americanized Democratic Socialism;  with a little help from FDR’s genteel patriarchal largesse, the New Deal saved Capitalism, or so it is said among the theoreticians and the ivory tower legions who followed, and are still following, in Roosevelt’s wake.

Well, by ‘n by, between Lyndon Johnson’s grand Texas-size vision for a Great Society, Clinton’s good-ole-boy nod to residual crony capitalism, and then the 21st-century-metamorphosing, rose-colored proletarian worldview as seen through Obama’s rainbow glasses, and now the upswell of Bernie’s refurbished wealth redistribution wizardry– we’ve turned this corner into a rising tide of  flat-out Democratic Socialism.

It will be, quite likely, soon inundating the tidal basin inside the beltway as in 2017 we slog  into the mucky backwaters of full-blown Americanized Socialism, dammed up on the other side of the slough by that other guy whose oversimplified version of the nation and the world seems to want to land us in a brave new world of American National Socialism.

And who knows which way this thing will go; only time and the slowly softening sedentary, dependent American electorate can tell.

Looking back on it all, today, my 65th birthday, having lived through Nov22’63, April4’68, 9/11, yesterday’s disruptions wherever they may be, and everything in between, I find myself identifying with all the old folks whose weary outmoded facial expressions bespoke disdain,  while I traipsed errantly along life’s way. Here’s to all them ole folks who I thought were a little out of it, one brick shy of a load, peculiar, decrepit and clueless. Now, I can relate.

How I wish America could be back at real work again, like we were back in the day.

We’ve pushed through vastly extracted frontiers that yielded to massive infrastructure networks punctuated with skyscraping towers of steel and concrete. Now we’re lapsing into solid-state, navel-gazing nano-fantasies, living vicariously through celebrities in our pharma cubicles.

Maybe there’s a new frontier in there somewhere but I’m having a hard time seeing it.

But hey! let me conclude this rant with a hat-tip to the man–he happens to be a Canadian–who best eulogized the essence of that once-and-future great North American work zeitgeist, which seems to be disappearing into the dustbowl of history, because it looks like  there’s nowhere left to go.

  https://www.youtube.com/watch?v=NjoU1Qkeizs

Well, maybe there is somewhere.

https://www.youtube.com/watch?v=38bHXC8drHc

Glass half-Full