Author: Glock-N-Load

By Charles Hugh Smith

http://www.oftwominds.com/blogdec17/cost-basis12-17.html

December 5, 2017

What will it take to radically reduce the cost basis of our economy?

If we had to choose one “big picture” reason why the vast majority of households are losing ground, it would either be the stagnation of income or the spiraling out of control cost basis, that is, the essential expenses of households, government and enterprise.

Clearly, both rising costs and stagnating income cause households to lose ground, i.e. their income buys fewer goods and services every year.

I’ve often covered the dynamics of stagnating income for the bottom 95%, and real-world inflation, i.e. a decline in purchasing power.

Continue reading “Holy Schnikes, take a look at these charts.”

http://www.americanthinker.com/articles/2017/11/both_men_and_women_can_be_sexual_predators.html

Both Men and Women Can Be Sexual Predators

https://www.yahoo.com/news/meet-elon-musk-assisted-suicide-130003176.html

Dr. Philip Nitschke considers himself the Elon Musk of assisted suicide — and his latest death machine, the Sarco, is his Tesla.

Continue reading “Why don’t you just go kill yourself?”

I wonder how many Misanthropes come to TBP.

Misanthropy: the general hatred, distrust or disdain for the human species or human nature. It is a rarely discussed viewpoint held by a small percentage of the population, and it is easy to see why. It is not what you would call “normal” to despise your own species, and thus not exactly the most socially acceptable.

Continue reading “A Wip Wondering”

By Charles Hugh Smith

November 20, 2017

As long as this is business as usual, it’s impossible to slash costs and boost widespread prosperity.

As I have pointed out many times, history is unambiguous regarding the economic foundations of widespread prosperity: the core ingredients are:

Continue reading “When costs are cheap and trade is abundant”

I have 2 children who are 18 and 22.  This will be the first Christmas where my wife  will not purchase any gifts.  Instead we will be traveling and eating in/out with family and friends.  We are doing this for 2 reasons.  1) We are tired of zero calorie consumption and 2) we want to spend our money on things that are more important like time spent with those we love.

I wonder how many here are downsizing their Christmas even though they don’t financially need to downsize.

From the article…

Occupational-licensing obstacles are much more common than they once were. “In the 1950s, about one in 20 American workers needed an occupational license before they could work in the occupation of their choice,” the report states. “Today, that figure stands at about one in four.”

Continue reading “Get to work you lazy ***holes!!”

My wife and I went to see Daddy’s Home 2 last night.  I laughed uncontrollably.  I think Will Ferrell and Mark Wahlberg are comedy gold.  Mark is, or has been, mostly a tough guy actor.  Will is quite the dink.  Who would have thought they’d make such a great team.

I wonder who would get the most votes for best comedic team.

I love me some Charles Hugh Smith but I can’t get my head around this article.  How does inflation go up and rates go up.  Didn’t we just have rates go down and inflation go up?  I, as well as most people, am not a financial wizard.

The Big Reversal: Inflation and Higher Interest Rates Are Coming Our Way

November 6, 2017

This interaction will spark a runaway feedback loop that will smack asset valuations back to pre-bubble, pre-pyramid scheme levels.

According to the conventional economic forecast, interest rates will stay near-zero essentially forever due to slow growth. And since growth is slow, inflation will also remain neutral.

This forecast is little more than an extension of the trends of the past 30+ years: a secular decline in interest rates and official inflation, which remains around 2% or less. (As many of us have pointed out for years, the real rate of inflation is much higher–in the neighborhood of 7% annually for those exposed to real-world costs.)

Continue reading “Inflation up, interest rates up and asset values down?”

If you could print all the money you wanted, and steal all the money you wanted, couldn’t you manage to stay out of debt?

Am I stepping on anyone’s toes if I ask a question of the day?  Maybe I’ll just call it something else like A Wip Wondering.

After reading the new posts today concerning Trump and feeling (I know how TBPers like to talk about feewings…not) like he is going to come out on top YET AGAIN, we all know there will be a book.

What will the title of Trump’s book be?

No, I don’t think Charles Hugh Smith is God but I’ve been reading his blog every day since before I started reading TBP.  Damn, that’s a looong time.  Back in 07′(?) Admin was sending anyone who could breath a CD explaining why Ron Paul was the smart choice in 08′.

Anywho, CHS sounds pretty logical about his thoughts on why bitcoin ain’t goin nowhere.

October 23, 2017

Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin.

To really understand an asset, we have to examine not just the asset itself but who owns it, and who can afford to own it. These attributes will illuminate the political and financial power wielded by the owners of the asset class.

Continue reading “Bitcoin to the moon, Bitchez!!”

Evidently slowing down the bond-buying process will increase home prices.

Can someone please help me understand how this is going to help the economy, the young and the already “can’t afford to buy” crowd?

Continue reading “Home prices to the moon, Alice!!!”

Between TBP and Of Two Minds (Charles Hugh Smith) I feel like I have received a world class education.  Either that or the ultimate red pilled experience.

Of Two Minds gives us, in today’s post, an explanation of the New Age Nationalization.

This is the new model of nationalization: central banks control the valuation of private-sector assets without actually having to own them lock, stock and barrel.

As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use this new currency to buy assets such as bonds and stocks. Central banks have found that they can take control of the stock and bond markets by buying up as much as these markets as is necessary to force price and yield to do the central banks’ bidding.

Continue reading “Modern Day Nationalization”

Holy shitballs!! Someone please convince me this is not the plan.

From the article – “We redistribute de facto the world’s wealth by climate policy,” said Edenhofer.

http://www.investors.com/politics/editorials/another-climate-alarmist-admits-real-
motive-behind-warming-scare/

Fraud: While the global warming alarmists have done a good job of spreading fright, they haven’t been so good at hiding their real motivation. Yet another one has slipped up and revealed the catalyst driving the climate scare.

We have been told now for almost three decades that man has to change his ways or his fossil-fuel emissions will scorch Earth with catastrophic warming. Scientists, politicians and activists have maintained the narrative that their concern is only about caring for our planet and its inhabitants. But this is simply not true. The narrative is a ruse. They are after something entirely different.

Continue reading “Better start packin.”