It’s Time to come Out Of The Cave
(formerly Guerrilla Capitalism. Pardon us while we cutover to the new name)
Out of the Cave is about…
Going on a over a decade faux recovery, we are now in a scenario where central banks are essentially trapped at or near the zero bound. Market signalling is dead, fundamentals don’t matter. Markets are remaining irrational longer than anybody who seeks to eschew the “New Economy” Kool-Aid can stay solvent.
What does the contrarian minded, historically aware, rational value/Austrian minded investor do? Find out here.
The other side of interest rate suppression and financial repression is 10+ years of Cantillon Effects, where new money benefits those who receive it first, leading to an Everything Bubble where financialization and consolidation squeezes out real businesses and the middle class.
It can’t last forever and after it ends it’ll be the real businesses with real models who survive the fallout. Here we talk about being one of them.
It’s hard to imagine that socialism, “The Failed Idea That Never Dies”, is back with a vengeance and enjoying a newfound vogue among the mainstream press and even the political elite.
Make no mistake, this movement has traction and it’s gaining momentum. As always, flame out and crash in a heap ignominious failure. Until it does, things will get worse before they get better, so we’ll look at ways to preserve wealth and property through this approaching dark era.
Wait, why is The Fed buying my biggest competitors’ bonds?
On Cantillionaires, Sycophants and Losers "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning" -- Henry Ford "The ultimate crisis will occur when the situation is so thoroughly perverted that the defenders of the status quo can no longer resurrect [...]
Let’s Talk Privilege….
After the 9/11 terror attacks, when our privacies were permanently revoked, and we entered into "a war which would never end in our lifetimes”, Bush II proclaimed “They hate us because of our freedoms”. Some critics thought that was an almost nonsensical statement to make, while the credulous took it at face value. It framed whoever perpetrated the attacks as some [...]
On toxic virtue and the new digital samizdat
"Few trials have been more ludicrous both as regarded the charges and the kind of evidence admitted. Convictions and impressions were solemnly listened to, real arguments accorded no weight whatsoever. Brissot interrupted a witness by declaring that he had never uttered any such calumnies against Paris as were imputed to him. 'But did your ever deny those ca [...]
How Do You Like Democratic Socialism So Far?
Now that we’ve had a few months to mourn the loss of our basic liberties, even if our overlords make a symbolic head-fake toward giving them back, one must realize the ramifications of what has happened and what it means going forward. The key point to understand is that the precedent has been set. If the state can take away your freedom to assemble or otherwise contro [...]