It’s The Economy Stupid

Please see my new article in The Times of Israel called “It’s The Economy Stupid.”

It is incredible that our leaders, economic advisors, and near endless pundits didn’t see what was surely coming down the road in terms of an overheating economy, inflation, and a spiraling national debt now over $30 trillion and growing. Despite economic signals even visible to the layman, the Fed continued to promise to hold the interest rates near zero “for years” to come. The cheap money and free-wheeling government spending became an avalanche with almost no adult in the room willing to stand up and say, “Stop the money madness! Government handouts are not free!”

Aside from the recklessness with which our economy has been handled, let’s not forget that there is a proxy war going on between the superpowers in Ukraine for the last four months, including a frightening blockade on grain shipments (i.e. food terrorism) to tens of millions of people. Further toward the east, China is upping the ante vowing to “fight until the end” for sovereignty over Taiwan. And in the middle, Iran is dismantling the IAEA nuclear monitoring cameras, adding high-speed centrifuges, increasing uranium enrichment, and threatening Israel and the West. Let’s just say all is not copacetic in the world, while a congressional select committee continue to focus on what happened on January 6, 2021 with the U.S. Capitol riots.

People are not blind, deaf, and dumb to what’s going on with the childish gamesmanship, politics of hate, and plenty of recklessness that is driving much of the national debate and (in)action in the country. 

(Credit Photo: Blink O’fanaya; adapted from https://www.flickr.com/photos/blinkofanaye/14913895723/)

No News Is Good News

No news is good news. 

Unfortunately, most of the news these days is bad news.

  • War
  • Terrorism
  • Global tensions
  • Threats of WMD
  • Political dysfunction
  • Inflation
  • Trade deficit
  • Ballooning debt
  • Sinking economy
  • Global warming
  • Social divisions
  • Rampant crime
  • Chaos at the border
  • Pandemic
  • Care giver shortage

Only good news is usually technology and acts of compassion, caring, personal sacrifice and sometimes true heroism!  😉

(Credit Photo: Andy Blumenthal)

A 2022 New Year of Eggs

New Years 2022. 

Congratulations!

But I wouldn’t call it “eggcellent,” because there is a lot of world instability and fear looming on the horizon.

Are we looking at competition, conflict, and even possible areas of collapse or a much rosier outcome in the order of things?

  • From Russia to China and Iran to North Korea. 
  • From Al-Qaeda to ISIS and Hamas to Hezbollah and Islamic Jihad
  • From WMD to Cyber 9/11 and EMPs to Hypersonic ICBMs
  • From Covid to the Economy and Inflation to National Insolvency

Like a bunch of eggs. 

Will it be a year of Broken, Scrambled and Mashed or Sunny Side Up and Eggs Over Easy? 

Either way, we had better hope and pray that we don’t get fried and burned.  😉

(Credit Photo: Andy Blumenthal)

Disastrous Politics

This Afghan withdrawal and the Taliban overrunning the country is a complete fiasco. 

– 20 years of blood and treasure: $2,000,000,000,000, and 2,500 lost US military personal and G-d knows how many casualties (oh, about another 20,000)!

Now complete and utter chaos, and a turnover to terrorism.

Reminiscent of Iran’s overthrow of the Shah and the U.S. hostage crisis for 444 days and when we lost Vietnam and the helicopters frantically evacuating US embassy personnel from the rooftop. 

BTW, what happened to our “Red Lines” on chemical weapons in Syria?

Where are our inherent values and the dependability of who we are and what we stand for?

Now we are once again emboldening Iran, North Korea, China, and Russia. 

Moreover, US Admiral says China is within 6 years of potentially taking Taiwan (guess where most of the computer chips are made and we already have a shortage)!!!

On top of this we have the Delta variant of Covid (and fears of worse coming) for this 1.5 year long pandemic with the CDC mask on again/off again non-sensical guidance. 

Then we have a $1,200,000,000,000 infrastructure bill and a $3,500,000,000,000 social welfare bill in the works to put on top of the US already almost $29,000,000,0000,000 national debt

Any ideas what that will do to the value of the US currency in the world and inflation rearing its ugly head.

I am starting to see a run on food and home stables in the stores again with items sold out.

Consumer confidence is shaking and the stock market is teetering off at a very high precipice. 

Oh, don’t forget the border crisis which is getting out of control again. 

What the F*** is going on here?  😉

(Credit Photo: Andy Blumenthal)

Motif For The U.S. Economy

This seems like it could be a major theme of the U.S. economy. 

“Buy Now, Pay Later!”

And then…

“Foreclosure”

You can’t borrow infinitely.

It eventually has to be repaid. 

Where will the money come from?  

Print more.

Worth less!  😉

(Credit Photo: Andy Blumenthal)

The Fallacy of Bitcoin

Bitcoin is a failure waiting to happen.

It is being sold as a hedge against not only inflation, but also doomsday!

However, Bitcoin is not gold which can be sold or bartered in a true doomsday scenario.

Bitcoin is a digital cryptocurrency and as such it is dependent on technology.

In a doomsday scenario, there is a great chance for the interruption for extended periods of time of our technical infrastructure whether through terrorism, war, cyber attack, or an electromagnetic pulse. 

Even with Blockchain distributed ledger, there is a high probability that you will NOT be able to access or trade Bitcoin from any digital wallet if the infrastructure is severely or broadly damaged. 

Your gold watch, ring, or coins will still hold value as currency, but your Bitcoins will be useless!

If you think losing your password to access Bitcoin is a problem, what happens where you can’t access the Internet.

A digital doomsday is not as far fetched as you may think and the vulnerability of Western Civilization, in particular high-tech countries like America have much at stake. 

If you think Bitcoin will be your hedge again a major disruption in our way of life you are caught in the greater fool theory.  😉

(Credit Photo: Pixabay