mikla's blog

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Watch The Political Central Planners: We're Doomed





Watch a couple hours of the political central planners, and you quickly conclude: (1) They are not geniuses, (2) They fundamentally do not understand the problem, and (3) We are DOOMED.

 
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Nightmare Scenario: The Fed Outlives the US Federal Government





If I were Ben Bernanke, and I wanted to be King of the World, here's what I would do. Not only is this plausible, it's rather simple. If Ben can't pull this off, he really is a moron.

 
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Long Periods of Drought … Followed by High Winds





Unlike economics, Wildland Fire Science is actually a science. Unlike economists, normal people actually know what the future holds. Debt matters, deleveraging is a bitch, and economist religious rituals ensure our destruction will be more severe and complete than any conceivable alternative. Beware the inevitable conflagration resulting from high levels of debt, followed by extended low interest rates.

 
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Next Currency … A Real One?





Pretend for a moment that the US $dollar is no longer useful. With what could we settle transactions? For fun, let’s assume for a moment that we want to try something different. What about a basket of stocks and bonds? Holding a share of all future profits from those may be the best we mere mortals can do.

 
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The Dumbest, Richest Investor Around





The US Taxpayer has long been the dumbest, richest investor around. You know the kind – a little overweight, with cheery disposition, not understanding how he’s been “over-served” when in slurred speech he thanks the bar tender for the sales receipt on which he signs his name – plus adding a generous gratuity – for his “new good friends”.
With politicians in charge, the “average” person with a job, a family, and a “real” life never had a chance.

 
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