Pirates, Rail Looters, Fed Looters, And Bikini Economics

Guest Post from John Wilder.

“Pirate Ghost would suggest that a pirate died and became a ghost, but a Ghost Pirate is a ghost that later made a conscious decision to be a pirate.” – South Park

What decongestant does the Federal Reserve© ban?  Sudafed™.

Most of the time when a train story hits the news, it involves the comically overloaded trains in India.  The typical headline in a newspaper (back when those existed) was on page 7, and went something like this:  Train Derails In India, 471,320 Dead.  The news story was typically right near, “Local Cat Makes Good!”

It’s been a while since I saw much about trains in the news.  Imagine my interest when I found out that people were hopping on trains in Los Angeles (Translation From Spanish:  Tarp City) and looting them.  What the Corsairs from Compton Boulevard are looking for is . . . merch.  Amazon® packages.  Best Buy™.  Nike©.

If Amazon® delivered by drone, for these folks that would just be skeet shooting, with prizes.

It’s really piracy on the rails.  Mobs attack the slow-moving trains and proceed to loot them.  They’ll load up on televisions and laptops and video game systems and almost everything that you can order online.  Except for books.  And, probably, work boots.

The fact that this is tolerated is a symptom that Los Angeles is now, officially, the Somalia of the West Coast.  There appears to be no effort to stop the mob, and no effort to arrest any participant.  Recent news reports would indicate that an ax-murderer, after arrest, would be given his (oops, California!) xir ax back after getting booked and not even have to post bail.

But try to smuggle a plastic straw in?  It’s off to Workers Leisure and Re-Education Camp #495 for you.

When you think about it, using a straw is just like snorkeling in reverse.

The fact that land pirates are actually a thing in 2022 means that, in Los Angeles at least, the rule of law has broken down completely in areas.  Thankfully, that hasn’t translated to other parts of the country, right?

Well, about the Federal Reserve® . . .

It’s not as if the Fed™ governors have been caught in a scandal where they unethically traded stocks.  Oh, they have?  Dallas Fed© President Robert Kaplan and Boston Fed™ President Eric Rosengren and Fed® Vice-Chairman Richard Clarida all resigned in disgrace after trading based on future Fed© decisions that hadn’t been made public?

Say it isn’t so!  Oh, wait, it’s completely so.  Apparently, the Fed© treats their “management” of fiscal policy just as seriously as the Watts Porch Pirates treat their “management” of Amazon® freight logistics.

Well, at least they’ve done well with the economy, preserving the purchasing power of money over time, right?

Of course . . . not.

I’d point out how bad this graph is, but somehow I don’t feel as sad with this one.

In reality, monetary policy since the Fed™ started has been to make your cash worthless, over time.  You can see what a great job they’ve done since 2000.  In effect, the Fed© has been in your bank account, robbing it bit by bit, just like the Hollywood Buccaneers have been boosting freight out of the train yard.  They just leave a bit less trash.

But certainly, they’ve been operating now as a sober bunch.

Ha!

No!  They’ve taken every Fed® interest rate record since 1955 and smashed it!  They are, absolutely provably, so drunk on Jack Daniels® that they can’t feel their collective jaws.  They are knee-walking, porcelain-grabbing drunk.

Wolfstreet.com called them . . . The Most Reckless Fed® Ever.  (LINK)

They put together a nice graph (below) that shows that if you take the Fed™ funds rate (what they charge to borrow money) and subtract inflation, we’re at a LIFETIME level of irresponsibility.  The Quantitative Easing (ahem, helicopter cash) and Stimulus Bills (ahem, more helicopter cash) have pushed inflation up.

The reckless bit is on the right.  No, farther right.  Yes, farther. 

So, all of the “Fight for $15” folks are quiet now, because whatever the minimum wage is, $15 is attainable doing temp work.  Everyone not making big bucks?  Inflation is eating the raises of most people.  So who’s winning?  I mean, besides the insider traders at the Fed™?

People who own stuff.  Inflation makes cash worth less, and eventually worthless.  Owning things makes sense in a world where cash is becoming worthless.  Who owns things?  Rich people.  They’ve done very, very well.  Why is Tesla®, which made 936,000 cars last year, has a market cap of $1.1 trillion dollars.  Doing the math . . . that has Tesla© worth $1,175,214 . . . per car they made.

Huh?  Honestly, it’s not a stock:  it’s a meme.

I guess people have to buy something.  Notice that Elon himself was selling his stock to convert it to (temporarily) cash to convert it to . . . stuff.  Even the tax hit wasn’t enough to deter him – he might well have the biggest tax bill of any individual in history this year.

Why?  Do you sell a stock that you think is going to go up?  No.  You sell a meme.  And let’s not talk about how the Fed© has force-fed banks billions of dollars to prop them up and increase their profitability.

I hear he wears Space-Axe® body spray.

So, we have pirates looting railcars to take home blenders and game controllers.  We’re not stopping them.

We also have much, much bigger thieves – the Freebooters of the Fed™ who have done their very best to, first by inflation, then by recession, to drain trillions of dollars of savings of average Americans, and it doesn’t even get higher up in the newspaper than an Indian train accident.

Looks like the D.A. isn’t prosecuting these guys, either.  Guess they haven’t tried to smuggle any plastic straws . . . at least then they’d get sent to Workers Leisure and Re-Education Camp #495.

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