How to Survive the Mega Collapse of 2022

Welcome to 2022!

The New Year’s edition of the Economic Prism is a place of wild guesses and rough suppositions.  Today we focus our eyes through our proprietary prism.  We set our sights over a 12 month viewshed.  What do we see?

First off, 2022 will be a year where everything under the sun happens precisely as it should.  Some good.  Some bad.  Each day shall unfold before you with symbiotic disharmony.  You can bet your bottom bitcoins on it.

But what else?

Will gold top $3,000 per ounce?  Will Beeple sell another digital art medley NFT for $69 million?  Will a paper cup full of Starbucks coffee mixed with syrup and milk froth hit $10 before the year’s over?

What about the S&P 500, the yield on the 10-Year Treasury note, and the price of oil?

Will Fed tapering cause a simultaneous tantrum in both the stock and bond markets?  Will Fauci finally be run out of Washington on a rail like a 19th century con man?  Will China invade Taiwan?  Did WWIII just commence in the Ukraine?  Are we fated for complete social distortion? Continue reading →

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Fake Vaccines…and their Unintended Consequences

Trust in the American government – a massive blob – is at an all-time low.  But that doesn’t mean it can’t go lower.

For example, President Biden’s recent efforts to dial up the fear gauge on the omicron variant, warning of a “winter of severe illness and death for the unvaccinated,” are clearly dishonest.  Virus breakthroughs of prophylactic mRNA vaccines are widespread.  Biden’s words are political.  Not words of honest counsel.

The mRNA vaccine, after several rounds of coronavirus mutations, has proved to be a major dud.  Does anyone believe a thing Biden says?

The public-health complex, like the overall blob, has been visibly disgraced due to deliberate lying and corruption.  The National Institute of Health funded the Wuhan lab’s dangerous gain of function experiments on the tax payer’s dime.  Fauci lied, again!

The blob, and its army of dependents, are fed by damaging fiscal and monetary policies.  These fake money policies – somewhere on the order of a combined $8 to $10 trillion over the last 24 months – have wrought raging price inflation.  They’ve also wrought extreme wealth disparity and a grossly stratified society. Continue reading →

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The Solution to Inflation

President Biden and his cohorts in Congress and at the Federal Reserve have delivered an early Christmas present.  They’ve given Americans the gift of raging price inflation.  The cost of just about everything has gone through the roof.

Consumer prices, as measured by the consumer price index (CPI), have increased 6.8 percent over the last year.  This marks the largest 12 month surge since the period ending June 1982.  In truth, the CPI is rising at more than double the rate of what’s officially reported.

Can the Fed stop raging price inflation without triggering a deep recession?

Former U.S. Treasury Secretary Larry Summers doesn’t think so.

Summers, if you didn’t know, has an axe to grind.  He always fancied he’d be Federal Reserve chairman one day.  But he’s too much of a dirty fellow to ever get the job.

Summers is better suited to the ivory tower of Harvard academia.  There, sequestered from public life, he can play Fed chairman from the ease of his lounger.  He’s good at it.

Summers is also a paid contributor to Bloomberg.  For entertainment purposes, Bloomberg makes a habit of dripping out utterance from Summers when the time is right. Continue reading →

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The Joy of Stealing

I’ve been caught stealing
Once, when I was five
I enjoy stealing
It’s just as simple as that

Well, it’s just a, simple fact
When I want something,
And I don’t want to pay for it

I walk right, through the door
Walk right through the door
Hey all right!
If I get by, it’s mine
Mine all mine!

– Been Caught Stealing, by Jane’s Addiction

“No Cause for Alarm”

Robbery.  Theft.  Stealing.  These actions take many different forms.

There’s fraud.  There’s force.  There’s white collar theft.  There’s crafty pickpockets.  House burglaries.  Insurance swindles.  Breaking and entering (B&E).  Hanoi-style.  Credit card scams.  Government kickbacks.  Hold ups.  Carjacking.  Embezzlement.  And much, Much More…

They all generally roll up to the same thing.  Taking another person’s property (including money) without permission or legal right. Continue reading →

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