A Cynically Hip Sign of the Times

It was nearly a year ago when I made reference to the big assumption underlying most efforts to reverse the tide of rising red ink and economic destruction unleashed by the Great Unraveling:

Throughout the financial crisis, policymakers have focused on keeping things afloat until the storm passes. They've spent vast sums of taxpayer funds trying to jumpstart growth until the economy is back on track. They've encouraged people to keep the faith until businesses start hiring again.

But what happens if all those "untils" turn out to be wide of the mark? What if the carnage we've experienced so far is structural, not cyclical? If that's the case, then Americans are going to find that instead of experiencing better times ahead, they are going to be much worse off than they were -- or are.

Little did I realize back then that the widespread failure to acknowledge reality would evolve from a cruel hoax perpetrated on the great unwashed to a cynically hip sign of the times, as Infectious Greed reveals in "'When the Economy Picks Up,' For Fun and Merriment":

The phrase "when the economy picks up" has apparently become ironic. Nice. The Urban Dictionary declared it Word of the Day today, and suggests it's a handy-dandy way of saying "whenever," pace the Spanish "mañana."

when the economy picks up

January 10, 2011 Urban Word of the Day

Common beginning or ending to a sentence. It can serve to:

1. provide an excuse for why one has not yet done something.

2. suggest a vague intention of doing something later (similar to how Spanish speakers use the word "mañana.")

3. add minimal credibility to an idea that is a pipe dream.

1. There's no point in looking for a job until the economy picks up.
2. I'll start my business when the economy picks up.
3. Unemployment levels will go back down to the levels they were in the late 1990s when the economy picks up.

Handy. Try it yourself: I'll get better at golf when the economy picks up. Whoa, it works. I believe me!

Comments

[roger]

It has been my contention,probably before
Michael was born or at least was in grade
school ,that this economic system was sitting
on a major fault line," yes it's structural"
not a gut feeling, but a philosophical certitude
that all things, including systems, have a beginning
a middle stage,decay and death,the rapid velocity of
change since ww2 made this very visible to those who
paid attention.No America will not die,but it will be
a very different place.

[Rocky]

If you think the untils will prove wide of the mark and that Americans will become much worse off, you should plan on more of the political chaos that we saw in Tuscon on Saturday. From 1919 to 1922, Germany experienced 376 politically motivated murders, with many of the victims being Jewish. The vitriol being expressed against German Jewish politicians in those days was far worse than Sarah Palin's target references. The 376 number comes from Paul Johnson's "History of the Jews" and for some unprintable comments about Foreign Minister Walter Rathenau, who was gunned down in Berlin in 1922, I would refer you to Martin Gilbert's book, "The Holocaust". The events in Tuscon should be a wake up call to the political class to stop playing politics and to start fixing the major problems facing the country. A default on US government bonds or a collapse of the dollar could push the US over the edge.

[dearieme]

The economy will pick up when the economy picks up.

[I guess all the readers are wrong?]

Tuesday, January 11, 2011
What Readers Think of Goldman Sachs’s “Fine Tuning”

For this posting, the readers’ comments which follow Susanne Craig’s article in DealBook are reflective of Goldman Sachs’s problems. The comments highlight the difficulties GS has in attempting to change their corporate culture, one based on accumulating as much wealth as they can at the expense of the rest of society. Why would GS want to protect their reputation when they have a rotten one to begin with.

http://tinyurl.com/4cdx4m9

[kevinearick]

Multiplexing

So, the economy is crashing because government is wed to the legacy families at every level, which increases inertia and locks up fulcrum circulation. And their solution is to increase inertia, because that is all they know how to do, a hammer looking for a nail.

The US prints money, backed by printed bonds, hands it over to California, and California just keeps printing entitlement checks to support nexus economic activity, and, because California is the largest section in the core, it pulls the rest of the system in with it, at the exact time the largest global baby boom in History is bankrupt and beginning to retire, causing irrational structural demand to overwhelm irrational structural supply, with the negative leverage on a viral curve.

Governor Brown first extends this system for six months with his signature, and then proposes / promises billions in cuts, hoping for the necessary change in behavior, which cannot occur, due to bred habits, which combine to crowd out all effective investment avenues.

The economic slave majority is a mass with momentum, and their “leaders” are actually pulling them into the black hole from behind. All the governments on the legacy family IC chip are now printing and exchanging money in the same pattern with exponentially increasing costs to hide the misdirection.

Our girl keeps diving into the black hole, snapping the line, as my wave passes hers, expecting a different outcome. As trained, her job is to bind the electron, either consuming the energy or preventing anyone else from doing so.

Let’s say you have a piece of architecture that you want to insert that bridge, in exchange for structurally secured returns, how do you time and place it?

Virginia, for example, sees the need for a new currency. Where are you going to place your returns on precious metals based on your current hard asset allocation in the old economy? Based on inserting that piece of architecture, given that you are effectively competing with 7 billion people?

The initial wave form / rail has already been provided, which is the hardest part. Don’t waste time if your work on a rail comes to a dead end; just work on another rail … and keep the resulting false-work pieces in your closet. You will see a pattern for what to keep and what to throw.

Draw a set of different size circles inside of each other, with only one point of intersection for all. Those circles are series dc economies, run in parallel, through a credit / compliance gate system. Family Law is a system global utility function, dropping the participants into the lowest orbits, releasing the associated assets for system consumption.

The Internet is making that intersecting gate system transparent, and emigration from the circles is exponentially accelerating as individuals, and then larger and larger groups, draw the inevitable conclusion: the American Enterprise System is the Soviet Enterprise System of the 21st century.

If Governor Brown wants to get serious, he’ll publish net cash flows terminated on a daily basis. Don’t hold your breath. They are just sending out the checks from different accounts, more numbers in more computers.