Starting with economics: How are my investment-pundit friends reacting to these insane times? Here's one denouncing a second round of ripoffs.
"$1,000,000,000,000. Or a TRILLION dollars. That's enough to give all 1,000 Billionaires in the World another Billion. Wait, we did that already. Well it's enough to give a Million Millionaires another Million. We did that too? Well it's enough to buy 3,000 masks for each American so we wouldn't need to spend Trillions propping up the economy or to accelerate money velocity by giving $600 to 30M people for a year."
"ROFL!!! Who are we kidding, this is America, we're going to give it to the rich people again!" ---
-- And that from a stock investment guru... one of those who love markets, but who get that driving average folks toward revolution may not be good for values.
"The funny thing is the rich people are pissed that they are only getting $1Tn this time (got $6.7Tn last time) ...The biggest stimulus issue will hit us on Friday, it's the end of the $600 weekly unemployment bonus and the Democrats in the House wanted to extend it through Christmas while the Scrooges in the Senate said not only do they want it dropped to $200 now but they want all unemployment capped at 70% of wages AFTER it's combined with any State Benefits people are receiving."
There's more. But you get it. The rich are swiftly dividing into two camps: the unsapient and insatiably greedy that I depicted in Existence... versus those who understand what ol' Joe Kennedy did, when that SOB mogul shocked his peers and backed Roosevelt:
"I'd rather have half my wealth taken to foster a happy middle class than lose it all to revolution."
And again, I know a dozen ways that some sub-billionaire could make a huge difference, the next two months. And go down in history.
Meanwhile... continuing with economics...
The FCC has approved a petition from Cumulus Media to permit more than 25% foreign ownership of US media, up to and including 100%. Yep. Part of the steady effort to give puppetmasters all the strings.
The best online zine about economics in the modern context – and the top venue that discusses the deeply compassionate and moral ways that Adam Smith first broached the stunning advantages of flat-fair-open-transparent competitiveness – is the EVONOMICS site. Highly recommended. And yes, I have one of the channels there, talking about Smith… and why advertising can no longer carry the weight of supporting the Web.
"$1,000,000,000,000. Or a TRILLION dollars. That's enough to give all 1,000 Billionaires in the World another Billion. Wait, we did that already. Well it's enough to give a Million Millionaires another Million. We did that too? Well it's enough to buy 3,000 masks for each American so we wouldn't need to spend Trillions propping up the economy or to accelerate money velocity by giving $600 to 30M people for a year."
"ROFL!!! Who are we kidding, this is America, we're going to give it to the rich people again!" ---
-- And that from a stock investment guru... one of those who love markets, but who get that driving average folks toward revolution may not be good for values.
"The funny thing is the rich people are pissed that they are only getting $1Tn this time (got $6.7Tn last time) ...The biggest stimulus issue will hit us on Friday, it's the end of the $600 weekly unemployment bonus and the Democrats in the House wanted to extend it through Christmas while the Scrooges in the Senate said not only do they want it dropped to $200 now but they want all unemployment capped at 70% of wages AFTER it's combined with any State Benefits people are receiving."
There's more. But you get it. The rich are swiftly dividing into two camps: the unsapient and insatiably greedy that I depicted in Existence... versus those who understand what ol' Joe Kennedy did, when that SOB mogul shocked his peers and backed Roosevelt:
"I'd rather have half my wealth taken to foster a happy middle class than lose it all to revolution."
And again, I know a dozen ways that some sub-billionaire could make a huge difference, the next two months. And go down in history.
Meanwhile... continuing with economics...
The FCC has approved a petition from Cumulus Media to permit more than 25% foreign ownership of US media, up to and including 100%. Yep. Part of the steady effort to give puppetmasters all the strings.
The best online zine about economics in the modern context – and the top venue that discusses the deeply compassionate and moral ways that Adam Smith first broached the stunning advantages of flat-fair-open-transparent competitiveness – is the EVONOMICS site. Highly recommended. And yes, I have one of the channels there, talking about Smith… and why advertising can no longer carry the weight of supporting the Web.
And see their piece on the economic effects of the pandemic.
== Roberts the "moderate" or "liberal"? ==
Again and again. The top oligarchs don't care about race or gender or abortion, except as dog whistles to rile up red-heads and confeds. John Roberts will side with the Court's liberals on those topics, in order to get balance cred. But he will never side with the people or precedent, or the Constitution, or honesty, when it comes to power.
And now someone else is pointing at the emperor's nakedness:
"Conservatives really aren't paying good attention to [chief justice] Roberts. He knows what is important and what is not. He knows that LGBTQ rights and religion get lots of media coverage, but what really matters to him is keeping Republicans in power via gerrymandering, voter suppression etc. On the latter kind of cases, he is an unwavering supporter of the Republican Party.
"To mask that, he votes with the four liberals from time to time in the hopes that everyone is distracted by bright shiny objects and fails to notice that what he really cares about is keeping Republicans in power. With this mix of rulings, he can claim he is just calling balls and strikes (even if baseball itself is in trouble, as described below). Conservatives seem to be unable to comprehend that he is on their side on the stuff that really matters long term."
At last. A pundit who isn't denser than lead.
== Again with this garbage? ==== Roberts the "moderate" or "liberal"? ==
Again and again. The top oligarchs don't care about race or gender or abortion, except as dog whistles to rile up red-heads and confeds. John Roberts will side with the Court's liberals on those topics, in order to get balance cred. But he will never side with the people or precedent, or the Constitution, or honesty, when it comes to power.
And now someone else is pointing at the emperor's nakedness:
"Conservatives really aren't paying good attention to [chief justice] Roberts. He knows what is important and what is not. He knows that LGBTQ rights and religion get lots of media coverage, but what really matters to him is keeping Republicans in power via gerrymandering, voter suppression etc. On the latter kind of cases, he is an unwavering supporter of the Republican Party.
"To mask that, he votes with the four liberals from time to time in the hopes that everyone is distracted by bright shiny objects and fails to notice that what he really cares about is keeping Republicans in power. With this mix of rulings, he can claim he is just calling balls and strikes (even if baseball itself is in trouble, as described below). Conservatives seem to be unable to comprehend that he is on their side on the stuff that really matters long term."
At last. A pundit who isn't denser than lead.
One of the most-absurd pieces of pattern-seeking nonsense is "The Fourth Turning" by Strauss & Howe, a fable about American "generations" that both ignores the rest of the world and all the rest of human history... plus biology, evolution and almost any inconvenient facts... but has become a touchstone catechism for the US right, feeding into a conservative proclivity toward CYCLICAL HISTORY.
As some kind of cause-effect predictor, it is nonsense... though as a metaphor for what we are going through, the fable does have some charms. It does seem as if millennials will be forced into "hero generation" status akin to the World War II clade. Not because of some teleological 'cycles,' but because imbecile believers in such nonsense, like Steve Bannon, have circled the globe hell bent on helping the enemies of our Great Experiment to provoke such a crisis, where none had been necessary at all. Ironically, they are doing it for evil reasons that the millennials themselves utterly reject. And those millennials will hunt them down, if this gets really dark.
I go into these cycles & such in an earlier posting as well as here and here.
== The mumbo gets more Jumbo... ==
== The mumbo gets more Jumbo... ==
This interesting piece surveys the notions of William Strauss and Neil Howe that led to their famous prediction of a Great Crisis around the year 2020. I am much less impressed… in fact I have a chapter in Polemical Judo about "patterns of history" - or "teleology" - dissecting how mystical-minded folks on the left view such patterns quite differently from the way folks on the right generally adore "cyclical" incantations about nations going "decadent" and "falling" in rhythmic fatal sequences. (The Nazis believed in cyclical-history crap, proving decisively that they were a phenomenon of the right.)

If millennials swing any way politically, it will be to emulate the previous "hero clade," the so-called Greatest Generation who adored one living human above all others... Franklin Roosevelt.
Oh, but now comes a "paper" that takes this nonsense to the nth degree, using Sciencey-jabber and impressive looking "charts" and inapropos 'citations.' There's hardy a sentence in this scroll of dreck that isn't easily disproved babble and confabulation with tables and graphs that are outright LSD fantasies... but wow what an incantation!
Again. In this link I point out the both leftists and rightists tend to desperately seek patterns of teleological ordained history. The left often sees this as heading inexorably in a particular direction, while the right nearly always plunges into "cycles." They draw comfort from the notion that all efforts will fail.
And finally...
See this: The most surprising revelations from Mary Trump's just-released tell-all book about the president: Too Much and Never Enough: How My Family Created the World's Most Dangerous Man - which joins the shelves along with Bolton's The Room Where it Happened.
Inside the luxury nuclear bunker protecting the mega-rich from the apocalypse. “While humanity is still dealing with an ongoing pandemic of disastrous proportions, some Americans are preparing for a very different doomsday scenario: waiting out a nuclear winter inside a condo complex of luxurious underground bunkers.”
First, these jerks think they are so modernist and even science fictional, and they haven’t a hair’s breadth of logic or imagination among them… like remembering that we nerds know where every single one of these hidey holes are, including those in Patagonia, the Urals and under the sea. And in the event of a calamity, if we feel betrayed or even just abandoned by oligarchs whose actions or negligence contributed to that fall, then we who know nuclear physics, cyber, bio and genetics will seek out those holes, pry out the soft nuts and turn them into peasants in the new order that they made.