During the Second World War, German prisoners of war in the US were often given the opportunity to work on farms. After the war was over, some elected to stay. One explained it:
Calling it Quits
The government’s jobs report released [in early January] tells us what has happened: well over 20 million people quit their jobs in the second half of 2021. Some are calling it the “big quit,” others the “great resignation.”’
The Land Before Financialisation
That’s why, back in the Land Before Financialisation, in 1982, the finance industry represented about only 10% of corporate profits. It only hit after the US began its decline in 2000.
RIP Fiat
But wait…what about the cryptos? What about the newly minted Castello Coin? It is not paper. It is not a ‘fiat’ currency. It’s something new.
The Grand Finale
But each one had us wondering even more…how does this amazing circus end? What is the Grand Finale?
Welcome to Mt Debtmore
The ‘either-or’ outlined by the NYT is a fantasy. There’s an ‘or’ but no ‘either’. Skating along while adding more and more debt is not a possibility. Not for long.
The Moral of the Story
Alas, that’s how the world works. There’s always a ‘moral to the story’ and you ignore it at your peril.
Contrarian? Or Damned Fool?
We’ve become ‘contrarian farmers’. No…we don’t plant backwards to fool the crows. Instead, we are buying land in Argentina.
Young Dr Frankensteins
This past week, we laughed at the super-rich who wish to trade their dollars for cool. We mocked Larry Fink for pushing his own anti-carbon agenda.
Cool Fads and Killer Cads
In Mr Fink’s case, we have no idea whether companies aiming for zero emissions are doing the world a favour or not. Fighting climate change is cool today. As for tomorrow, we don’t know.
