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Wednesday, Oct 01st

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What's the daily bag limit on McDucks?

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Dallas Federal Reserve President Richard Fisher said Friday in a Fox News interview that the US economy is threatened by higher wages. His solution is to head this calamity off by raising interest rates so that hiring is cut back. He fears that higher wages are inflationary.

The Fed as a whole has been trying to create inflation in order to stop the rich from hoarding cash. The Fed has set a modest goal of 2% inflation instead of the 4 to 6% we really need to make such a policy work to jump start real investing (real as in creating jobs). Creating jobs is part of the Fed's legal mandate and the results have not been stellar to say the least.

And guess what? A census of billionaires by Wealth-X and UBS (a census not a poll because a representative sample is all of them, so they just asked them) found that they're indeed hoarding cash. The billionaire's money bins have 1000% more cash in them than a year ago. Weaker billionaires have had to quit swimming in their money bins out of a fear of drowning.

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By My Clock It’s Always 9/11

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I wrote this about 4 years ago:

We were in a canoe paddling towards the middle of the lake. The sky and water was blue as the blue in a Maxfield Parrish painting. I looked down and it seemed I could see forever into the depths of the lake. And I wondered … What would it be like to lose something … Something of great value … Right here in the middle of the lake? What would it be like if my wedding band slipped off my finger into the lake?

It would be lost the moment it hit the water.

Even if I immediately dove in after the ring it would sink faster and deeper than I could swim. But I would be able to clearly see it as it sank … for a long time. That’s the terrible part. To see it fall away with absolute clarity … sunlight glinting off the gold as it rapidly receded farther and further into the depths … finally passing deeper than light can penetrate … and then … wink out of existence.

Lost.

As we paddled back to shore a small wave of sadness hit. Not about the hypothetical loss of a ring … but about all the things we’ve lost … clearly lost … things that are quickly receding into an irrevocable irretrievable past.

Yeah. Those are the kinds of happy bunny thoughts I have when we’re on vacation. Imagine what’s banging around inside my head when I’m stuck in my room reading the news.

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Warren Commission Experts To Reveal Secrets of JFK Murder, Cover-up at Sept. 26-28 DC Conference

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Washington, DC — Forty-four prominent authors, medical doctors, academics, lawyers and other research experts convene from Sept. 26 to 28 to reveal recent findings undercutting the Warren Commission’s 1964 report ascribing President Kennedy’s murder to a sole assassin.

On the unique, historic occasion of the Warren report’s 50th anniversary, experts and surviving witnesses will examine evidence showing the commission was wrong about its core finding, that Lee Harvey Oswald acted alone in killing the president with three shots from behind. Polls for decades have shown that most Americans – sometimes more than 70 percent – disbelieve the commission, which was chaired by the late Supreme Court Chief Justice Earl Warren.

“Few serious scholars believe the Warren Report any longer,” said Assassinations Archives and Record Center President James Lesar, whose non-profit group AARC has organized what he called, “one of the most important JFK assassination conferences in history.”

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Postcard From Another World

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A friend recently wrote me:

Remember the realization back in the early 70's that the whole country was insane? Could it be true, could a whole country go insane?

Way back when, in the dim distant past, when dinosaurs ruled the Earth and pterodactyls swooped through the skies - You know - the 70s - my friend and I were trying to get a sense of What’s Going On. Here we are, millions of years later, still trying to map out a strange land. The only difference now is he still lives in that strange land, and my family escaped across the border into Beautiful British Columbia. In fact August 22nd, marked our Third Anniversary in Canada.

I’ve written quite a bit about Our Canadian Life so I wont bore y’all with too many more tales of how much better it is up here compared to the good ole USA. To Sum Up: this is the month we can apply for Permanent Residency and the only way you could get us out of here is with a pry bar and blasting caps. If, for some bizarre reason, we were forced to go live once again back in the states, there’s a very good chance I would die of the dry heaves.

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Are you Pent-up?

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Federal Reserve Chair Janet Yellen just introduced a new term into Fed Speak', "pent-up wage deflation". This seems to be an effort to explain away the problem of stagnant wages in the US economy that are not allowing the Fed to meet its 2% inflation goal by blaming it on the "inability or unwillingness of US firms to drastically cut wages" after the Bush collapse in 2008. This, according to the Fed, is making it possible for companies to now expand employment without raising wages. Ms. Yellen did acknowledge that real wages had been declining for some time prior to the crash (real wages have been declining for 33 years, but who's counting).

 

Deflation is always the goal of an economic collapse as this further enriches the hoarders of cash since they can buy more assets for 10 cents on the dollar, and drastically increases the burden on anyone who is in debt since they now owe a much bigger percentage of their declining income on devalued property.

 

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Endings

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Yes:  Lauren Bacall.

A landmark, watershed moment of loss, finality.

End of an era much adored.

End of a storybook, starry-eyed romantic pair.

End of a warm, playful, and sly sort of style, grace, wit, charm.

End of a role model and path-maker for women, for people.

Too many ends.

Too many irrevocable lines drawn in the sand.

*  *  *  *  *

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The Bombs of August : In Remembrance of Hiroshima and Nagasaki

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On Monday, August 6, 1945, after six months of intense firebombing of 67 other Japanese cities, the United States  dropped a nuclear weapon nicknamed "Little Boy" on the city of Hiroshima , Japan.  This attack was followed on August 9 by the detonation of the "Fat Man" nuclear bomb over the Japanese city of Nagasaki. To date, these are the only attacks with nuclear weapons in the history of warfare.

In Remembrance of Hiroshima and Nagasaki

When the bombs were dropped I was very happy. The war would be over now, they said, and I was very happy. The boys would be coming home very soon they said, and I was very happy. We showed ‘em, they said, and I was very happy. They told us that the cities of Hiroshima and Nagasaki had been destroyed, and I was very happy. But in August of 1945 I was only ten years old, and I was very, very happy.

The crew of the B-29 was so young and heroic, and in the photo they also looked very happy.  For some reason, I clearly remember the name of the pilot, Paul Tibbets. Of course I remember the name of the plane, the Enola Gay.  And oh yes, I remember the name of the bomb.  It was called Little Boy. That made me smile.

I was so proud to be an American that day because we had done something so remarkable. They said we were the first. We were Americans. We were powerful.  But they didn’t say that Little Boy had killed 66,000 people with its huge fireball that fateful day in August. They didn’t say that Hiroshima was not a military target, but a city filled with men and women and children and animals who had no idea they were about to die so horribly.  When you’re ten, they don’t always tell you everything.

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