Getting into this box is what's best for both of us. During your time in the box, you will learn so much, and yet experience so little. It's a wild ride, my friend, one well worth the time spent...and let's face it, you don't have much to do these days anyway.

Wednesday, 10 July 2013

Peering out of the box - 10/7/13.

Vox Day - The Biggest Bubble.
For those who didn't follow, what Keen is saying is that the stock market has been one giant debt-inflated bubble since 1980.  And it means that when the change of debt goes negative, asset prices are going to contract at a speed proportional to the rate of the debt contraction.  This, of course, is why the Fed has been pumping so desperately for five years, and also why it was always doomed to eventual failure.
What I find particularly significant is that Keen has reached a very similar conclusion about the stock market that Karl Denninger and I both independently reached about the economy through a different approach, which involved calculating the dollar amount of debt required to buy one dollar of economic growth.  By any of our three methods, it readily becomes apparent that there has been no genuine economic growth in the USA since 1980, give or take a year.
We're doomed. What else can I say? Mr. Beale does a much better job than my of articulating this sense of doom that hangs around the world.

Cappy Cap - You should never have to game friends.
Understand absolutely drop-dead gorgeous women are damaged goods in a certain regard.  It isn't even necessarily their fault, but rather society's.  Since they are so good looking, the vast majority of men interact with them on a sexual basis.  They want to have sex with them, they want to be around them, they simply want to look at them.  Sadly, none of them want to be their friends and therefore truly beautiful women have few, if any, platonic or non-sexual relationships with men.  This skews their experience and mental development so far to the point that by the time they're 20, maybe 22, they're INCAPABLE of having normal, healthy, non-sexual friendships with males.
Bionic Mosquito - Libertarians and Abortion.
With this in mind, I will present the case that it is the unborn child, and not the mother, that has the right of use of the womb for the term of the pregnancy.  I base this on causation, reasonable reliance, unilateral contract, and, as Block has introduced the language of landlord and tenant, a lease and the covenant of quiet enjoyment.
If anything has come out of the evictionism debate, it is my discovery of Bionic Mosquito's thoughts on the matter, and his argument, as far as I can see it, is a) solidly based in libertarian principles and b) utterly ironclad to the wailing of popular epithets such as "my body, my choice" and "slavery". He certainly is accepting challengers to his argument, but there appear to have been none so far (save one mewling about "slavery", which he has addressed to not be the case in his argument, and another deriding his argument for being "partisan"). In theory, I agree with most libertarian prescriptions, but the problem is that they require most people be rational in their decision making, long time-oriented, and capable of handling responsibilities.

Which 90% of people are not, to varying degrees, hence some form of slavery in inverse proportion to their ability to handling freedom is required for their own good and the good of society; the underclass of which is the most egregious example. Such is the reactionary position.

And before someone accuses me placing myself in the 10% capable of full autonomy, please see below for my post on being a good follower.

Sultan Knish - Wrong side of the street.
The Zimmerman case is about many things, but it isn't about George Zimmerman, an Hispanic Obama supporter who campaigned against police brutality only to find himself plucked up by the hand of Big Brother to play the villainous white racist in the latest episode of liberal political reality television.
I'm fully expecting riots to erupt over the trial when Zimmerman walks. It would be a perfect time for martial law to be declared. Or in the case he doesn't walk, we know rule of law is gone in the US (not that it wasn't already, as Aaron Hernandaz proves.)

Zero Hedge - Radioactive Tritium At Record High Levels In Fukushima Ground- And Sea-Water
The Japan Times reports that TEPCO said Sunday that 600,000 becquerels per liter of tritium has been detected in groundwater at the crippled Fukushima No. 1 nuclear plant - 18% higher than levels a week earlier. Furthermore, the utility also said it had measured a seawater tritium level of 2,300 becquerels per liter - the highest so far - near the water intakes of reactors 1 to 4. So it is that in a nation already suffering from a dreadfully declining demographic dilemma, the citizens are being exposed to highly cancerous substances still.
Uh-oh. "Oh, this is bad!"

The Economic Collapse - The Decline Of Breadwinner Jobs Has Resulted In The Longest Bread Lines In American History
On Friday, we learned that the U.S. economy added "195,000 jobs" last month.  But when you look deeper at the numbers, another story emerges.  Last month, the U.S. economy actually lost 240,000 full-time jobs.  Overall, the U.S. economy has only added 130,000 full-time jobs in 2013, but it takes about 90,000 full-time jobs a month just to keep up with population growth.  So we are losing quite a bit of ground as far as full-time jobs are concerned.  Meanwhile, the U.S. economy has added more than 500,000 part-time jobs so far this year.  Unfortunately, there are very, very few part-time and temp jobs that can be considered "breadwinner jobs". 

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