Wednesday, March 25, 2020

Shelter in place thoughts.

When I see people who embrace socialism I usually think they should be forced to live in a socialist country. I"m pretty sure it would cure most peoples love affair.

But luckily I think they will soon get to find out without even leaving this country.

Of course I dont think Trump is a socialist- but the result of all this money printing will be the same.

We get to find out if the housing recession was the exception rather than the rule. We did not experience hyperinflation because people hoarded money rather than spending it.

14 comments:

Capital of Texas Refugee said...

Any idea why there's so much military air traffic this morning over Europe?

So many KC-135s, even some way down by Qatar.

And half the planes squawking an ID over Finland are their air force.

I thought Southern Star was already over.

Anonymous said...

Who wins and who loses from hyperinflation? I think the banks are screwed, the homeowners win, the govt loses legitimacy, the poor are no worse off and the rich get shafted. DF

she said: said...

Sadly I think everybody loses. People with physical items like houses lose a little less. But it will be painful for a while.

I never thought I would be thankful for living through the housing crisis. But I guess I have that emotion right now. I don't know how people who have never been kicked squarely in the balls are going to navigate this. At least people like you and me get to dust off our recession skills. It won't be the same obviously, but we are not completely flying blind either.

You are scrappy. You can do this.

Capital of Texas Refugee said...

At some point you realize your fiat currency was always worthless, so you buy stuff that isn't.

Toilet paper is a shitty store of value, but that's the point, isn't it.

But most of you just don't get it.

Oh, but before you react to that ... notice the signs above the cases plus the sign at the end? British pounds, not dollars, because that looks like a Tesco in the UK.

It's like they have those same shitty floors in all of them, BTW.

But if I were home, I'd consider making onion rings with some Corona, at least if I can get some case discounts. :-)

"Who wins and who loses from hyperinflation?"

If you're a participant in a market that undergoes hyperinflation, you're screwed no matter what. This doesn't end like it did in Soviet Russia where everyone more or less stayed where they were, in most cases winding up with a claim to what they'd been occupying.

You see, most of you actually are socialists, including Republicans, but you won't admit it. That's why Snarkie's comment about Trump not being a socialist made me spray coffee out of my nose when I read it. :-)

Actually, hoping that you essentially get a free house with devalued fiat money is the absolute pinnacle of the Socialist Free Shit Army's belief system.

Where's it stop? We still have credit lines to pull in at least a hundred million of credit, and we might just do that and pay the interest for a while if we seriously don't have to pay it back at parity.

Oh, so it's bad when we do it but it's OK when people get a free house.

The cat's right, but he's not going far enough: maybe it's time for us to buy a whole fucking warehouse full of ammo and a lot of other stuff that's going to survive the valuation debacle.

I actually thought Trump would kill the American economy by reliving Andrew Jackson's grand scheme of the "specie circular" along with a new and peculiar institution of nationalism, but that it wouldn't happen until his second term.

Now here we are with DJ Twelve Hundred Dollar Jesus!

Praise the lard! Pass the fiat currency! Who needs a "specie circular" when you can do the same thing by firing up the Federal Reserve Toilet Paper Printer!

BRRRRRRRRRRRRRR yeah crank that printer motherfuckers BRRRRRRRRRRRRRR

A point from the Bitcoin community: the reason that Bitcoin has tangible value is that as an asset that can be assigned transactional value, its strength is that it is harder to devalue and to confiscate than fiat currency.

So Bitcoin's going through a bit of a "value resurgence" right now.

But have you read Glukhovsky's series of "Metro" books, as in "Metro 2033", "Metro 2034", and "Metro 2035"?

Ammunition is currency, doesn't matter what caliber, it's all good.

This morning was interesting, BTW.

Normally you don't see the RAF actually squawking their location via ADSB while several fighters and a few fuel tankers haul ass up through Norway's air space ...

The Russians were clearly messing around in the North Sea and elsewhere.

Russian air support squawking "Aeroflot" my entire ass.

leaperman said...

https://eatgrueldog.wordpress.com/2020/03/25/mein-schatz/

she said: said...

Leaperman that is hilarious. I haven't seen toilet paper in the stores for like two weeks. Now do garlic! Which I completely can't understand because I live less than two effing hours from Gilroy. I finally found some after three stores today and it made me really happy honestly. Plus they canceled the Garlic festival so I kind feel they have some laying around.

Texas Refugee.... Not sure I'm that invested in having a fiat currency debate today. I"m not saying not ever.... just maybe not today. When Bitcoin swings as wildly as it does - how can you say it can't be devalued? It experiences exactly the same hyperinflation/deflationary pressures as "fiat currency". It remains to be seen if it can be confiscated less easily.

Like I said.... I'm not against the conversation as a whole - the world is just really heavy right now.

And nobody is getting "free" houses. It's just that hard assets retain value better. If you can hang on to them. I think at this time in history no one gets to gloat over their pet whatever retaining value. Everything gets hit. I mean, probably even gold. People need liquidity and they are going to sell gold making the price go down.

Capital of Texas Refugee said...

Snarkie: Ever seen the movie "Mean Guns"?

It's perhaps the only great movie that Albert Pyun ever did, whereas "Nemesis" was a pretty decent movie that he did. (And back then, I liked him for the same reasons that Dennis Hopper liked him, before he sought out a lifetime under-achievement award.)

So about that: "Don't hold the knife, throw the knife."

(Yeah, Ice-T said that.)

Bitcoin's a knife, and if you hold it too long, the other guys in the market shoot you before you can throw it.

There's an alternate coin in the same family that's better for holding value rather than being an instrument of transactions ...

And yet there are people valuing the transactional coin highly and even holding it for long periods because of it being perceived as more trustworthy than potentially hyper-inflatable fiat currency.

What other non-cryptocoin currency would you move into?

I'm already moved into CHF by a lot.

I'm not sure I'll trust the GBP once Mark Carney's retired, and for me to say that a central banker is actually competent at his job?

Yeah, that takes quite a bit of skill.

SEK moves around too much, CAD's laughable, and AUD/NZD/SGD are their own special trading zone that has lower volumes and several regional quirks.

So aside from "canned food and shotguns", what's your move, Brainy Gremlin? :-)

she said: said...

Firstly...... I love the moniker Brainy Gremilin. I might keep it.

Secondly - I trump your ammo for face masks. It the only currency that matters. Because you can trade it for TP!!!!

A couple of days ago I gave part of a box to my chiropractor. They still hadn't gotten supply and I wanted us both to rubber up. I do construction projects. So I usually have them. Not a ton because I didn't think it would take this long to ramp up.

And I can see what you are saying re: bitcoin.

Capital of Texas Refugee said...

So ... what happens with ammo when masks are at the other end of the curve, as in the end of the curve where having masks is no longer even remotely useful?

In the words of Dennis Hopper in "Blue Velvet", now it's dark. :-)

she said: said...

Chuckle. I'm sure you feel lucky. Just know even the Democrats in my neighborhood are packing heat. Quite the risk to rob someone when every single person is at home.

Capital of Texas Refugee said...

ARE YOU A ROOFTOP VOTER?

With that shotgun of yours, you are not a rooftop voter. :-)

But with a Remington 700 ADL or a Winchester Model 70 in any "sporting and hunting" caliber, you could be, provided you get someone to put on a decent scope base, a decent scope with decent rings, and get it sighted in at a minimum with a bore sighter before spending the time to finish the job and to get acquainted with it.

Also, you'll find that with a good recoil reduction pad, it'll kick less than that shotgun of yours.

Your neighbors can pack all the heat they want, but I bet most of them aren't rooftop voters. :-)

HEY NEIGHBOR
LET'S GO FOR A RIDE NEIGHBOR

It's random quotes from David Lynch movies week now, especially if they were made by Dennis Hopper.

We can do Clint Eastwood movie quotes next week, because Brainy Gremlin needs to know her limitations. :-)

leaperman said...

Remember she said; you ASKED me to do garlic.
On your own head be it!

https://i.kym-cdn.com/photos/images/facebook/001/482/363/7fb.jpg

leaperman said...

Texas,
There are shotguns and then there are -SHOTGUNS-

https://www.youtube.com/watch?v=tD0PKDGlwiw

Recoil? What recoil?

Capital of Texas Refugee said...

Yeah, I'd almost forgotten about the Saiga, I almost bought one of those.

I wasn't sure it'd be good with copper slugs and I didn't want to deal with the Bureau of Assholes, Theft, and Fuckery over a full-auto license for that particular kind of novelty.

There are a few of these, including a version from the current producers of the AK, but for the American market.

It's not full auto, but for a few bursts of 12 gauge, it's really hard to beat a Mossberg 590 Mariner in glorious stainless steel and nickel plating, even though parts of it generally require special copper-bearing lubricants.