since arriving back into the states a few days ago, the morning news scan takes about 30 seconds. would I like to know more about some ideas and topics? sure. is the current state of the united states media marketable to give actual news reporting? I don't think so. I wonder what Walter Cronkite would say of today’s media? “where did reporting the news go so worng? reality what?”
it is odd in that the president called some third world countries shitholes, and in some respects he is correct, life is hard in such places. many people are surviving and not really living – yet, there is happiness in the people. in the 1st world country, where there is plenty, there sure are a lot of unhappy people chasing after happiness. an oxymoron of sorts no?
once again, I will bring up the weakness of capitalism is you constantly have to keep growing. if you have a moment of lull or regression, you see the cracks in the system and the flaws. since 2008, we have done a marvelous job of glossing over a layer of cards we built to seemingly not really make something, but creating a series of wealth by trading “stuff” with some man-made value. the current bitcoin trend in some respects shows exactly what is wrong with the markets. “what can we do to do no work, yet, make lots!” (insert the “isn’t’ America a great country!” voiceover)
sure making money doing nothing is fine. I am assuming my friend Pascal, who just two or three years ago asked me what I thought of bitcoin at 200 used. I hope he bought a giant yacht and is sailing around the world at a very young age today. I feel worse for my nerd friends that got the coin for a penny and threw away computers. while the technology will change the way we work and buy/sell/trade in the world, this really looks like a Dutch tulip trading crash about to happen. will it be caused by hackers stealing? pure greed? or the market just crashing to bring some reality back to people all saying “look how great the market is doing!”
the market is NOT an indicator of how great the economy is doing, it is a marker of people speculating on where they think it will go at some point in the future. perhaps that is where the 1st and 3rd world analogy with human beings comes in. it is like a see-saw of “stuff” and “illusion.”
in the first world, where a small percentage of people has access to a lot of stuff and the marketers were very successful in telling the population that consumerism would make them happy, you have a lot of stressed-out people shackled with debt chasing a dream of “someday I will be happy when…”
in the 3rd world, where a lot of people don’t have much, they have to rely on each other to help share limited “stuff” yet tend to be happy all during the day. I am not sure how this will change as the mobile phone has allowed information to go all over the globe at an inexpensive rate, and the 3rd world is looking at all the stuff on the internet. one day they will go, “hey, why do so few have all the stuff? I want some stuff too!”
perhaps this is where I see the future heading, but with the current state of the world, the only equalizer will be the sad state of warfare to cull the people. how sad is that to think, “oh wow, too many people…there hasn’t been a flu/disease, and no natural cataclysmic event to have a man wake up and go, “Woah, why are we living to work for stuff? why not be happy with the stuff we have?”
what I see is that the future will have AI and robots coming into a very sad state of power/control/greed that the planet has never seen before. the warlords will all smile with glee as machines do the dirty work of humans, and I guess the quantification of humans with “robot-kill body counts” will make some folks in power or the sellers of the machine smile with glee with getting that stock price to skyrocket and think market cap means something in an artificially inflated world.
how inflated? well? when President Obama took over the office, national debt to GDP was 68%. when he left, it was about 103%. President Trump is gloating that his % debt to GDP has only gone up 1%. it is sounding like the old “burn rate” in silicon valley, where how much money you blew through with negative P/E ratios like -17,000 was of cool and hip – yet the stock price kept going through the roof.
I still can hear my friends calling, “do I hold my options or sell them?”
“sell, sell, sell! as fast as you can. pocket the money as there is no way your firm will last long.”
Sometimes i wonder if the debt load idea is now systemic and a habit from politicians? do they sit in meetings and even ask, "how much will it cost? who will pay for it? how will we pay for it?" or do they smile, look over at the treasurey building and think printing more money is a great idea for the long term house of cards being manipulated since 2008.
there was a guy a long time ago, a gym gig we did. he was either too lazy or not smart enough to really work the idea of revenue stream. he said, “gross cures all ills.” I replied, “if you are bringing in a million dollars and you are spending a million and one – you are still losing money.”
interesting times, but now that I will avoid the us news and seek it outside the borders of this country, I should have more time to write…maybe about the news and reality TV. I wonder who is living in the “shithole” country if you look at what information and quality of information is being fed to the people all the time? hmm…if you feed someone crap, all they will get is “shit for brains” (my dad’s old favorite term)
if you look out among the mass in the united states, one could make a great case to quantify the downward spiral from the leaders to the average person on the street by listening to the fears and ideas that are formed from social media feeds, friends, and the “reality news.”
at times, it is terrifying that this is reality.