How to Fix Student Debt Permanently, the Occupy Edition.
As I have said before, I do very much empathize with Occupiers particularly in the area of student debt which is clearly the biggest driving force. I have to say that my heart is with Occupiers, but my mind isn’t. In no way do I think that Occupiers are bad people, but mass defaults and socialism are not the answer to our problems, in fact they will absolutely lead to bigger problems. What I really want to do is to change some minds, and make people think just a little bit differently so please be open minded.
1-Mass defaults will not solve the debt problem. It will not stimulate the economy. Continue reading »
What if Keynesian Economists were Super Villains?
Instead of blaming capitalism, why not try and blame the people who are actually responsible for a change? Keynesian economics got us here with deficits, inflation, higher taxes, big government and nationalization (bailouts) of private mistakes that the free market would have weeded out on its’ own. This is the crap they teach you in college Econ 101 which is loaded with fallacies like demand drives an economy and not production…go figure that one out. I really can’t take any of these guys very seriously and neither should you.
1- My nemesis, John Maynard Keynes:
Founder of all that is evil. The originator of bad monetary policies which for some reason our government just cannot admit to. His theories made it way too easy to make tremendous national debt, huge deficit spending borrowing and inflation seem like absolutely no big deal at all. His ‘theories’ are the reason why the entire world is currently in a financial slump we do not seem to be getting out of any time soon. Yes, if you are going to point a finger and blame anyone, it would be this guy. Absolutely nobody in real life personifies evil hiding in plain sight as well as John Maynard Keynes did. That is why he could only be, Senator Palpatine:
At least Palpatine could back his shit up with the force, Keynes left us with massive deficits and a bunch of hogwash theories that don’t work. Continue reading »
What if Austrian Economists were Super Heroes?
Okay, I know the idea of Economists being Super Heroes is kind of a stretch to you, but not to me. Think about it, there is no other single discipline where highly respected doctors can be this wrong about anything, and still have a career. Everyone gets mad at Storm Fields when she blows the Accuweather forecast, but does it really matter if it rains just before your job interview? Let’s face it, either way you still have $100,000 in student loans that aren’t going anywhere. The fact that Economists get to be this bad and nobody calls them out on it or fires them, is proof. The point is, some Economists are much better than others-which is why the Super Hero VS. Super Villain comparison is really accurate:
1-Ludwig Von Mises-Originator of the Austrian School and notable scholar, because of his expert advice and being the overseer of this school of thought for a long time:
I would consider him to be very, Professor X:
Von Mises and Patrick Stewart even kind of look a like. Continue reading »
Left Brain Skepticism.
Hi Kids, it’s Mr. Kane and today we’re going to talk about what goes on inside that lump three feet above your ass. Yes, thinking. The thing that we do the least thinking about, how our minds work.
Not only has the way we think influenced us, it also influenced Geddy Lee into the most dreadful Pre-1982 Rush Concept album of all time, Hempisheres. The only possible way that you like this album, is if you are a guitar teacher or really, really in to Neil Peart. Sweeping Prog-rock melodies that go on for days, seriously Cygnus X-1 is like the longest song ever. You and I both know that you picked this album up in the Miscellaneous ‘R’ section at Tower Records just days before they closed for like $3.85, just like I did.
Yes, I'm butt naked and standing on a brain and holding out my hand to you. This is either a Rush concept album or one of John Bonetti's insanity fantasies.
Anyhoo, there are 2 distinct hemispheres in our brains that are attacking each other for totally naked mind control…okay, enough with this Rush album. Continue reading »
Thoughts on Obama
I’m going to be really honest here. I would really like to meet Obama. On a personal level, Obama seems like a pretty cool guy. All I really have to base this on is a few pictures, but this one (which I’m sure you’ve all seen by now) is good enough for me:
I just hope I don’t accidentally call him ‘Osama’ like everybody else. I’m more than positive that Obama is a sincere guy, who honestly believes what he says and does mean well. He’s definitely a step up from Bush, but then I go to maplight.org and start thinking, and when I start thinking in comes a boxing metaphor. Please bare with me, I can only write what I know and this is going somewhere.
For the uninitiated, Boxing is both my favorite sport and the most notoriously corrupt one in American history-it tells the richest story of immigration and also how things really work. Nobody knows exactly how long, but let’s say about 40 years Boxing was under the complete control of the Mafia-I’m sure more of you would feel strongly if I was talking about your beloved NFL football, which is considerably more popular so if need be, pretend that a corrupt organization allowed Tom Brady to win all of the time-now it’s sinking in isn’t it? (Yes, that is both a horrible scenario, and kind of a shot at Mark Hurley from Scumbagstyle). Continue reading »
Occupy Occupy Occupy
Few things in life have ever made me as conflicted as the Occupy movement. Some of these people really get it: We need sound money, jobs are going over seas and not returning, our generation will be the first not to do as well as the baby boomers and the generation Xers, unemployment and the American dream have become a nightmare, retirement is becoming impossible, The Fed has to go, etc. Many just want to be heard, and I totally am in favor of that. Continue reading »
There is always a better way.
There is always a better way of doing things. The way average people solve problems, is usually just that-average. In fact, I think that the way most of the western world goes about solving problems is by addressing symptoms, not by resolving root problems, for example: most forms of Socialism-giving people a fish every day of their life instead of just teaching them to fish. You’re sick? the Pharmaceutical industry has some pill with terrible side effects for you. Bad economy? raise taxes on the middle class. Over weight? 3 minute abs. And of course borrowing and printing more money when over extending ourselves on credit it what caused the crash of 2008 to begin with. These are examples of how the western world approaches problems. Got cancer? Here’s a bandaid.
Bubble Psychology
This chart really says it all. There are a lot of people who are claiming precious metals, in particular gold are in a bubble. I intend to debunk this in numerous ways, but very briefly I will give you my run down of this chart, which you will see reappearing on this website because it has several uses.
First off, what they’re not saying about the Stealth Phase is that Genius and Insanity go hand in hand, believe you me I’m friends with John Bonetti, nobody knows better than Sean and I do. Continue reading »
Inflation, the Hidden Tax is the Government’s Silent Partner.
Former Federal Reserve Chairman, Alan Greenspan wrote in a 1966 essay called “Gold and Economic Freedom” that inflation is “A scheme for the hidden confiscation of wealth” some where between 1966 and being elected as federal reserve chairmen in 1987, I still wonder what changed his mind.
Here are five reasons for creating inflation.
Eight Potential Hyperinflation Tipping Points
1- The real estate bubble in China could pop causing the chinese to stop buying up our treasuries and mortgage-backed securities. They’ve built an entire city that is a complete and empty replica of Manhattan. Seriously, you can’t make this shit up.
2- Our real estate bubble could pop causing a run on the dollar, forcing up long term interest rates, causing hyperinflation by making it virtually impossible to pay back our national debt. The reverse is also possible.
3- New wars or a slew of natural disasters could overwhelm the federal budget.
4-The Derivatives market is set to implode.
5-Foreign banks could start to panic and begin selling dollars.
6-China could pull the plug on its currency devaluation, allowing the dollar to go down the drain
7-A surge in gold prices could lead to a run on the dollar.
8-An oil shock could overwhelm the economy’s ability to pay.
