Predicted It Right In 2017

This was such a funny photo I found of me from 2017.

Holding a book called The End of The F*cking World.

Little did we know back then Coronavirus was coming our way.

One thing that is amazing to me is the incredible lack of responsibility when it comes to our fiscal (tax rates and spending) and monetary policy (interest rates and money supply). 

For example, we’ve spent almost $3,000,000,000,000 (i.e. trillion) on Coronavirus Relief/Recovery. 

And there is another package in the works to borrow and spend more money. 

This on top of our already tens of trillions of dollars of national debt we already accumulated. 

The crazy thing is that this is going on globally with Europe and Japan and others borrowing and spending without any sanity as well. 

Now here is the BIG QUESTION for you all:

If everyone is borrowing and spending, who are they borrowing from???

Yep, this is called funny money! 

Because it’s not possible for everyone to be borrowing and carrying a bottom line net debt at the same time.  

The money has to come from somewhere doesn’t it?

The Federal Reserve is “injecting” trillions into the economy and their balance sheet of “loans” to us is going up towards $11 trillion dollars now.  

These injections are short term medicine that may kill the patient down the road by overdose!

Have you ever heard of a Chair of the Federal Reserve that “urges policy makers to spend more“?

Simple economics tells us that this will yield at some point an unbelievable inflation.

We are injecting or “printing” more and more money (or electronic bytes of it), and that causes the money to devalue because there is so much of it (supply side economics) with nothing but hot air backing it up (we haven’t been on the gold standard since 1971).

There is a DAY OF RECKONING coming when:

– People’s savings and wallets will devalue and money will be worth close to squat after RUNWAY INFLATION.  

– Also, what do you think will happen to the stock market and jobs too when people have only loads of valueless funny money and can’t buy anymore like they used too–can anyone say MARKET CRASH and UNEMPLOYMENT!

Folks, you heard it here first, the end of the f*cking world is coming–it’s called CONSEQUENCES, plain and simple. 😉

(Credit Photo: Dannielle Blumenthal)

Going To An eLibrary

I’ve always loved libraries–the stacks of books and periodicals–all that information (almost like being a kid in a candy store)–and the quiet space to enjoy it.

But in the digital age, where people are reading books and magazines on e-readers, news on smartphones, downloading videos with Netflix and watching shorts on YouTube–what is the new place for libraries?

Libraries will always provide a peaceful place for reading, thinking, and writing whether with hardcopy or digital media, but libraries need to meet peoples information needs, incorporate the latest technologies, and fit with the times.

The Wall Street Journal (7 February 2013) describes a new library in Texas that “holds no books”–it is all-digital–you “check out books by downloading them” to your own device or a borrowed one.

While many people still like holding a physical books or paper to read–I know I do, especially when it involves anything more than browsing online–Generation Y is comfortable for the most part getting it all digitally–and then you can electronically highlight, annotate, and share as well.

Some libraries are offering a mixture of paper and digital–actually “more than three-quarters of U.S. public libraries feature some digital books, and 39% offer e-readers for patrons to borrow.”

One of the things holding back the all digital conversion are publishers who don’t want to lose print sales, and so they won’t offer all new titles electronically or they charge more for it than for paper copies.

I envision that once we have 100% broadband penetration–where everyone in the country has Internet access–then we all can purchase or borrow the books, periodicals, music, and videos online from anywhere–in other words; libraries will become vastly virtual, instead of predominantly physical structures.

With more information online than at any library in the world, information growing exponentially, and with online resources available 24×7 (versus set hours for a brick and mortar library), it would be hard for any physical library to keep pace in the digital age.

Aside from physical libraries for traditional use, we need easy to use elibraries, where all information resources are available all the time, where students or those that can’t pay can get it for free or at an appropriate discount–and where help is just a click away.

Of course, many of us also don’t mind a hybrid solution, like being able to go online and borrow or purchase a physical edition–maybe they can just drop ship it overnight or same day is even better. 😉

(Source Photo: here with attribution to Ellen Forsyth)