- My whole heart keeps tellin' me - there ain't no kid at thirty-three - Play around, you lose your wife You play too long, you lose your life. I got my pills to ease the pain - Can't find a thing to ease the rain.
Some got to win, some got to lose - Good time Charlie's got the blue.
- Danny O'Keefe
Evil Wax: Lava Over the Mind
It might have germinated with a study at MIT in 1972. It predicted that society will collapse by 2040. The causes will be driven by excess pushing for economic growth, social unrest and the politics of failing governments. We read and see signs everywhere. Then, we read a new report by the World Economic Forum that predicts in 2030 that individuals will own nothing. You have tokens for wealth.
We do not place too much recognition into any One World platform, but there is no pill to ease the pain of how young people act and act out. The kid that shot innocent kids and people attending mass, screams that our educational system needs an overhaul. It needs strong mental help programs. I do not need to hear a half-truth why this boy did it. I can figure it out. As a child, he did not get along with boys his age. When he hung around the girls, they thought he was weird. He went from Robert to Robin and he still was unhappy. He needed help when he was young. Our system does not provide it, but we offer weapons for protection. Television floods our eyes with violent shows. Our ears are waxed as well as our minds.
Failure To Admit Being Wrong
It is everywhere, but it began when money bought government. JP Morgan got Congress and President Wilson to sign into law, the Federal Reserve. Since it started, our standard of living has constantly fell, our puchasing power in the dollar fell and our wealth gap grew.
Social Capitalist is being pushed because our so-called free market capitalism won't step up to the plate in these uncertain times. President Trump is right to protect Intel. Chips are needed for everything in this society. This is not new. President Carter bailed-out Chrysler in 1979 to stabilize the economy and prevent the loss of jobs. Fortunately, the late great Lee Iacocca was there. Today, we got the greedy idiots like at Boeing. Lee turned the company around and he paid off the loan. My question? What happens if the firm cannot repay the loan? Socialist governments have wealth funds along with other options to invest, innovate and save jobs. President Trump is going this route.
One way to help is tariffs and protectionism. In a world that uses government protection and assisance, they are not practicing free market principles. They are using socialism and our roots is capitalism. We have a failure to admit the global trading system is unfair. It is one reason why we lose - every year.
We always say if an idea is good, it does not matter where or who it came from. The idea for Social Security actually came from an aristocrat, Chancellor Bismarck. We think it is an excellent concept. He gave us the term "social welfare." However, someone will push the envelope. We get socialism. The Communists have developed their own brand of socialism. With complete control over everything, they can target any occupation. You can see the effects with EVs. They have flooded the market to control it like with batteries, earth minerals and a host of other industries. Over the years, some members of Congress realized this danger and they acted to protect our agriculture. We band-aided the problem with subsidies. We have swayed away from our free market ways. We have failed to admit the truth and to act accordingly. Again, the root is the destruction of the dollar by printing and the failure of government to look out for its citizens and only help the rich.
What Now?
The "Genius Act" is law. It is laying the foundation for a reset in curency and its use. The stablecoin will be pushed. They are seeking away to repay the $37 trillion in debt. Again, they are looking out for the rich and not facing the truth. If you did not notice that at 3:00 last Friday, the treasury announced that foreign buyers of our debt declined by another $300 billion. Then, we read a report by Mark Zandi, an economist who generally favors the establishment. He says, "That one-third of states are in a recession, another third are threading water and onlt one-third are growing." He added, "55% of industry were cutting jobs, only health care were adding help." They are carching up to what we labeled. "Stealth Recession."
Bitcoin miners understand. They are leveraging their stock share price. They are borrowing on it to buy more. This is a dangerous speculation. If people shift their investments to gold for example, these miners will impolde. On the flip side, did anyone question the timing of the Genius Act to Trump's sons? The two brothers have invested in American Bitcoin and we read that they plan to be trading it in September? They did and now, they join the billionaire club. We will look further into this "fake money" in a future piece.
Another Dust Candidate
Spirit Airlines is back in bankruptcy court. The US debt limit is coming around. What bankruptcy court handles that? The only good note is that I'm still able to hear some blues through the wax buildup. ...Peace
