‘The heart is devious above all else; ‘It is perverse… ‘Who can understand it? ‘I the Lord test the mind ‘And search the heart ‘To give to all according to their ways, ‘According to the fruit of their doings.’ Jeremiah, 17:9 ‘Science advances one funeral at a time’, said Max Planck, who meant that a […]
American Idle
‘A man…with no means of filling up time is as miserable out of work as a dog on the chain.’ George Orwell Yesterday, the rock and the hard place came closer together. CNBC reports: ‘Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982. ‘…was even higher than the Wall Street […]
What We Paid For
Recently, we’ve been looking at the ‘culture of work’. Over time, we’ve seen that people want to move to join the elite — the people who work without getting their clothes dirty. We’ve seen, too, that having more administrators, controllers, regulators, elite hangers-on, meddlers, and finger-waving know-it-alls is not necessarily a good thing. Instead of […]
The Some of Us
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.
