It's been awhile since I have posted an economic rant. So long, I have received a few emails asking where I have been.
Lets just say I have been working on more important things than voicing my stupid
opinions and observations.
Today it is raining and normally would be a great day to do inside chores. Today my number one inside chore is to can a lot of green beans and half a bushel of PA. peaches. Rather than get to work, I will delay the inevitable job at hand and opine a bit.
Again to sound like Henny Penny, AKA Chicken Little, I will write that the end is near when looking at the coming economic storm. Clearly my thoughts are called a cabal by some, my opinion is/are based on fact (s). Even without the facts, no matter how many sips of the "cool-aide" one has taken, we all know that the economy is in bad shape.
Seven straight years of sub 3% GDP (Estimate for 2016 1.1%), 94+million folks of working age - not working. Food costs up year over year in the high single digits, major retailers closing stores (Wal-Mart, Macy's, RadioShack, JS Penny, K-Mart, et cetera) and the list goes on and on.
How about the millennials still living at home because they can't find full time jobs. Heck I was living on my own at 20 and moved to Seattle when I was 24. While living on my own, I had a full time $5.00 an hour job AND attended college full time. After MrsMac and I moved to Seattle I got a full time job with The Gap (You know, the old Gap..."Fall into the Gap!") for $6.00 an hour. That wage along with my wife's waitress gig - Hourly wage and tips. We survived quit well. Sorry I digress....
O-Kay, now it's time to get to the point of this delay I am using to can green beans and peaches - No matter who wins the Presidency, Mrs. Clinton or Mr. Trump - Once Mr. Obama leaves office the whole house of cards will come crashing down. You know it in the deepest part of your Normalcy Bias physic. It's a coming.
I don't want folks to be worrying about that economic drama however to focus on what the Elites around the globe will do, to combat this inevitability?
Some "slights of hand" that have been used in the past are:
> War,
> Nationalism (Think Hitler, Mussolini, ToJo...) of businesses,
> Seizure of PM's (FDR Executive Order 6102) to bail out the Federal Reserve,
> Seizure of assets over $xxx,xxx.00 (Think Greece, Cypress, Venezuela...),
> US Dollar being thrown out as the world reserve currency,
> World/national disaster - Natural or man made...
...You get the idea.
Now moving from those pleasant thoughts think of the riots that are/have been happening in Milwaukee, Baltimore, and Ferguson that is being carried out by people with FULL stomachs, shelter, cell phones, cars, medicine ... You get the idea. It will be Hell on Earth when that house of cards comes crashing down. We are ripe.
So there you go ladies and gentlemen, some things to think about as you go about your days business.
