As a always, thanks for this missive. It continues to be a shame that markets have been perverted by the low interest rates and currency debasement. It is now impacting family formation of the younger demographics which combined with the attack on their job landscape from AI, is going to really impact the future of human society in the western world.
"I firmly believe the rising cost of living - which has been intentional Fed and governmental policy - is perhaps the leading cause of our demographic dystopia."
It's an interesting subject for developed countries. Especially if you want a viable country in the future (looking at you South Korea and Japan).
I would include the increasing feminization and rising feminist culture in western countries and the demonization of traditional gender roles. Women outnumber men in colleges, will not marry a man who earns less than they do, and often try and "beat the buzzer" by having children in their late thirties.
Redpill or manosphere content - think of it what you will - is also educating younger men about the financial hazards that come with divorce, spousal and child support, the high divorce rate and how the deck is stacked against them in family court.
Western women make terrible used car salespeople. As their vehicles get older, creakier and more difficult to maintain, they keep demanding new car prices.
“Existing home inflation almost 14% a year over the last 13 years”
Which is, of course, the primary reason the govt does not consider ‘home inflation’ in their calculation of CPI.
Most people don’t know, are too young, or have memory holed this fact: In 1987 Reagan and Volcker (conservative hero’s right?) conspired to dramatically alter the way the Federal Govt calculated inflation. And they did this for the express purpose of reducing COLA for SS and Pensions into the future.
At that time unions still had a lot of political clout, and union pensions and wage increases were negotiated to include COLA tied to the government’s measure of CPI. And the big corporations, especially automotive, communications, other manufacturing (when we still built stuff) were getting crushed with forced double digit increases year over year. And SS recipients were seeing the same.
(Personal anecdote, in 1980 I was a 3rd year employee at ATT and mgt salaries were essentially tied to the union contract) and my COLA was 14% and my performance bonus was 7%. 21% increase YOY. Incredible)
Anyway, the conservative hero’s made sure that could never happen again. They gamed the system by changing the basket, using hedonic measurements, removing housing, altered the measurement timeframe, and much more.
Over the decades trillions and trillions have been stolen from retirees and workers and despite that massive theft, they have still managed to run up 40 trillion in debt.
You literally cannot hate these people enough. You just can’t.
Yeah. I think that is because they have been brainwashed, via a combination of govt run schools, govt funded media, and fake elections, to believe that is their only option.
When your baby is inside a pack of dingoes, it’s true, there is something wrong with your baby.
And Doc Frankenstein, veterinarian-electrician, couldn’t fix that problem even if he wanted to.
Unlike The 4th Turning, The 5th Dimension, Aquarius / Let The Sunshine In has a pulse, & you can dance to it:
When the moon is in the seventh house
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars
“Dance, sodbuster!”
“Shane! Come back, Shane!”
Kicking the Scarborough Fair Canticle has zero to do with saving the world’s comman. Anything else you can think of has zero to do with that, too.
“The song lists a number of impossible tasks given to a former lover who lives in Scarborough, North Yorkshire."
Disinfo, root canals / mercury amalgams, one bad apple doesn’t spoil the whole bunch, girl … immediately. But timelines are lined up & shot, shoveled, forgot.
Cosmo(Kramer)graphers. Kramerica Industries. The map is not the territory & the Moops are not the cartographers.
Regarding the PRMG motgage stuff in your article. I could not find the content of your screenshot in the PRMG website. So, where did you get your screenshot from ? An email, flyer etc ?
It looks like that loan might be Non-QM and not the 2008 style Ninja loan i.e. apparently needs docs (not sure if that really means anything).
Thanks for the reply. I was able to find one source of info on prmg. Apparently, this came in an email. But, I cannot verify. Its going to interesting to watch.
As a always, thanks for this missive. It continues to be a shame that markets have been perverted by the low interest rates and currency debasement. It is now impacting family formation of the younger demographics which combined with the attack on their job landscape from AI, is going to really impact the future of human society in the western world.
"I firmly believe the rising cost of living - which has been intentional Fed and governmental policy - is perhaps the leading cause of our demographic dystopia."
It's an interesting subject for developed countries. Especially if you want a viable country in the future (looking at you South Korea and Japan).
I would include the increasing feminization and rising feminist culture in western countries and the demonization of traditional gender roles. Women outnumber men in colleges, will not marry a man who earns less than they do, and often try and "beat the buzzer" by having children in their late thirties.
Redpill or manosphere content - think of it what you will - is also educating younger men about the financial hazards that come with divorce, spousal and child support, the high divorce rate and how the deck is stacked against them in family court.
Western women make terrible used car salespeople. As their vehicles get older, creakier and more difficult to maintain, they keep demanding new car prices.
If only all “our” gold was actually still in USG’s hands.
“Existing home inflation almost 14% a year over the last 13 years”
Which is, of course, the primary reason the govt does not consider ‘home inflation’ in their calculation of CPI.
Most people don’t know, are too young, or have memory holed this fact: In 1987 Reagan and Volcker (conservative hero’s right?) conspired to dramatically alter the way the Federal Govt calculated inflation. And they did this for the express purpose of reducing COLA for SS and Pensions into the future.
At that time unions still had a lot of political clout, and union pensions and wage increases were negotiated to include COLA tied to the government’s measure of CPI. And the big corporations, especially automotive, communications, other manufacturing (when we still built stuff) were getting crushed with forced double digit increases year over year. And SS recipients were seeing the same.
(Personal anecdote, in 1980 I was a 3rd year employee at ATT and mgt salaries were essentially tied to the union contract) and my COLA was 14% and my performance bonus was 7%. 21% increase YOY. Incredible)
Anyway, the conservative hero’s made sure that could never happen again. They gamed the system by changing the basket, using hedonic measurements, removing housing, altered the measurement timeframe, and much more.
Over the decades trillions and trillions have been stolen from retirees and workers and despite that massive theft, they have still managed to run up 40 trillion in debt.
You literally cannot hate these people enough. You just can’t.
Ah but millions keep voting for the people who did and are doing this to them, even wearing their stupid hats and waving their name-sake flags...
Yeah. I think that is because they have been brainwashed, via a combination of govt run schools, govt funded media, and fake elections, to believe that is their only option.
When your baby is inside a pack of dingoes, it’s true, there is something wrong with your baby.
And Doc Frankenstein, veterinarian-electrician, couldn’t fix that problem even if he wanted to.
Unlike The 4th Turning, The 5th Dimension, Aquarius / Let The Sunshine In has a pulse, & you can dance to it:
When the moon is in the seventh house
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars
“Dance, sodbuster!”
“Shane! Come back, Shane!”
Kicking the Scarborough Fair Canticle has zero to do with saving the world’s comman. Anything else you can think of has zero to do with that, too.
“The song lists a number of impossible tasks given to a former lover who lives in Scarborough, North Yorkshire."
Disinfo, root canals / mercury amalgams, one bad apple doesn’t spoil the whole bunch, girl … immediately. But timelines are lined up & shot, shoveled, forgot.
Cosmo(Kramer)graphers. Kramerica Industries. The map is not the territory & the Moops are not the cartographers.
https://www.youtube.com/watch?v=f0uYJjDHeDU
Regarding the PRMG motgage stuff in your article. I could not find the content of your screenshot in the PRMG website. So, where did you get your screenshot from ? An email, flyer etc ?
It looks like that loan might be Non-QM and not the 2008 style Ninja loan i.e. apparently needs docs (not sure if that really means anything).
Probably posted on a mortgage board. I can’t swear to it’s authenticity.
Thanks for the reply. I was able to find one source of info on prmg. Apparently, this came in an email. But, I cannot verify. Its going to interesting to watch.
https://www.reddit.com/r/REBubble/comments/1m9uxlh/no_income_no_employment_no_problem/
Probably the most entertaining thing I read each week. I haven't yet decided what that says about me.
Me too.