Over the past couple of months Michael J Burry, the one-eyed hedge fund manager that made $800 million dollars from the housing market bubble, has been warning of hyperinflation and an economic collapse in the near future. Through a series of tweets, Burry pointed out several comparisons between 1920s Germany and the current US (2010-current). Not only do I have to say that he isn’t wrong but yesterday he was paid a visit by the SEC because of his tweets. The final tweet that led to the visit stating “You know my position now, no need to hear more from me.” He had been warning about the bubble in the stock market and the bubble that is about to burst. The federal reserve continues to print more money while thinking they can simply print more money to pay their bills. Burry’s Twitter bio currently says “born to fight, to be cuffed when starting.”
“It matters enormously whether your country has a good health service, competent bureaucrats and sound finances. Good government is the difference between living and dying.” Page 89.
If this statement is true then we have to admit that most of the world, especially the US is fucked. We already have big government. When congress passes the Equality Act, mandates the limitation of words in public speaking, and ruins the lives of people for having different beliefs as them, at what point does government go from small to “big.” Our bureaucrats are incompetent in the ability to send out a check to the people who should get them. Unemployment is cut off to those who need it and paid into the system for decades until they needed it. Laws are created out of thin air and not questions by law makers even when they don’t make sense and do not hold up to science. Rioters and looters walk free while gym owners are sent to jail for keeping people healthy during a pandemic. As for finances…
Our current national debt is over 27 trillion dollars and congress wants to add another 1.9 trillion during a year where tax revenue will be down and there isn’t a sign that the economy will get better in the near future. A wise man once said, “government has killed more people than a virus.” If I had to choose between making my own choices to live a happy and healthy life during a pandemic or letting the government do it for me, I would choose my own judgement over a bunch of office trolls any day. The government’s inability to manage healthcare for decades now isn’t going to drastically change overnight. Firing the deep state and replacing our elected officials with competent people isn’t going to happen. As for finances, if the government was run as well as the officials own bank accounts, we would be the wealthiest country in the world, however these old crow foot wearing, leather skinned, bags of bloated pig fat are too busy stealing from the rest of us to run the damn country in a positive way. Covid-19 will not solve this and Schwab needs to share whatever he was smoking with the rest of the world to think that it is even a possibility.
“A few examples illustrating the point strongly suggest that this time, as in the past, taxation will increase. As in the past, the social rationale and political justification underlying the increases will be based upon the narrative of “countries at war.” Page 90.
America is broke. We hold several IOUs and at any point one of the countries we owe will call on our dent and we will have nothing to offer. If the government tries to say we are at war the justification will not hold and people will resist. To say we are at war with a virus that has a 99.9% survival rate is ridiculous. It’s like saying Canada is a threat and we need to start fighting back for their poor choice in music exported to the states. 99.9% of people who listen to Canadian pop stars don’t usually kill themselves, but listen to Nickelback or Alanis Morissette too many times and you might want to put a bullet in your head. Does this mean we should go to war, tax the public, and make everyone’s life a living hell to save the .1% of people who make poor choices? No thanks, plus we know that the money they take from us will not go towards the efforts they say they are. It will go to black farmers because the bank account of a poor black farmer is different from the bank account of a poor white farmer. Or maybe they money goes toward critical race theory therapy programs. Or gender studies in a country like Pakistan where most of the population is Muslim and gender is pretty well defined by their religion. The point is that the government can come up with all kinds of excuses to tax the hell out of people, a war on Covid-19 won’t fly and I doubt most people would pay a drastic increase when they don’t have to.
“They should also ensure that partnerships with business involves government funds are driven by public interest, not profit.” Page 92.
When government offers to pay a certain amount of money for a product it is in the company’s best interest to make the product for the lowest possible price to profit the most they can from the deal. We have all heard the stories about the army paying $50 for a hammer and $120 for a toilet seat. After working for a few non-profit companies, I can tell you for a fact they are not interested in saving money. These places are designed to share the wealth as long as the money travels to the top of the food chain. If Pfizer had the public interest at heart would they have rolled out a vaccine, skipping several safety steps and studies, and shipped out millions of doses without knowing what the possible side effects were of a never-before-seen mRNA vaccine?
“Central banks decided to cut rates and committed to provide all the liquidity that was needed, while governments started to expand social-welfare benefits, make direct cash transfers, cover wages, and suspend loan and mortgage payments, among other responses. Only governments had the power, capability and the reach to make such decisions, without which economic calamity and a complete social meltdown would have prevailed.” Page 92-93.
This statement tries combine several different policies together as if all governments implemented these policies and ignores the countries that didn’t lockdown or take drastic measures. Central banks have left rates low since 2001 and they haven’t gone up since then. With 27 trillion in debt when have they ever said to providing liquidity? Social-welfare benefits are one of the main reasons that the economy is struggling to get back on its feet. When a person is making more money on unemployment why would they want to return to work? The direct cash transfers are a joke and an insult. If $1200 is going to change your life, Covid-19 is not your problem, you are your own problem and you need some fixing before worrying about a virus. Several countries delt with loans and mortgage payments in a different way. In the US some states suspended rent payments and mortgage payment but with the understanding that the amount owed would be paid at the end of the set time period. If people haven’t been working how are they going to pay three to six months’ worth of rent at one time. Most households had less than $500 in savings before the pandemic. In Italy, the government stepped in and said that during lockdown people didn’t need to pay rent, the landlords did not need to pay their mortgage and banks and loan companies were not to take payments. Everything was frozen in the economic system and when it was over, they would all continue as if the lockdown never happened. I found this to be the best policy and I was disappointed that others didn’t follow its example. As for the argument that these policies prevented calamity and social meltdown, no it didn’t. now we have anti lockdown riots happening. Camps are being proposed in several countries to lock people up in if they are suspected of having the virus. The governments are creating the meltdown and they continue to push people further towards destruction.
“…To preventing banks from incentivizing consumer debt.” Page 94.
Are we serious here? What world is Schwab living in? While we look at the crappy system, we currently live in that pushes people into debt what about the companies that work through a debt system, or the governments, state to federal, who work with a massive amount of debt. Our whole economy, because of interest rates, is based on debt. As long as there are central banks there will be debt. The banking system itself relies on loaning money that could never be returned to keep people as indentured servants for the majority of their lives.
This was a difficult chapter to read considering the amount of misinformation and half truths thrown in to make it sound like Covid-19 was a good excuse to create “bigger” government than what we currently have. During my lifetime I have seen nothing but expansion of the Federal government. There was the Patriot Act, the creation of the Department of Homeland Security, the merger of Big Tech and the Federal Government. I don’t know how much bigger Schwab thinks governments need to become in order to create his new world order but he better keep in mind to stay off my lawn.
1-23-2021 Vol 1 Issue 4
Politics: During the first three days of his presidency Biden has singed 30 executive orders, many of them undoing previous executive orders signed by President Donald Trump. Included is the ceasing of funds for the border wall, limiting the power of ICE, helping 11 million illegal aliens become US citizens and more. In the following list the “yes” and “no” is referring to if the order overturns one of Trump’s previous executive orders. Here is the full list:
January 22 Economy Yes Restores collective bargaining power and worker protections for federal workers, and lays the foundation for $15 minimum wage
January 22 Economy No Calls for assistance to those who are struggling to buy food, missed out on stimulus checks or are unemployed.
January 21 Coronavirus No Accelerates manufacturing and delivery of supplies for vaccination, testing and Personal Protective Equipment
January 21 Coronavirus No Directs FEMA to expand reimbursement to states to fully cover the cost for National Guard personnel and emergency supplies
January 21 Coronavirus No Establishes the Pandemic Testing Board to expand US coronavirus testing capacity
January 21 Coronavirus No Establishes a preclinical program to boost development of therapeutics in response to pandemic threats
January 21 Coronavirus No Enhances the nation’s collection, production, sharing and analysis of coronavirus data
January 21 Coronavirus No Directs FEMA to create federally-supported community vaccination centers
January 21 Coronavirus No Directs the Department of Education and HHS to provide guidance for safely reopening and operating schools, childcare providers and institutions of higher education
January 21 Coronavirus No Calls on the Occupational Safety and Health Administration to release clear guidance on Covid-19, decide whether to establish emergency temporary standards, and directs OSHA to enforce worker health and safety requirements
January 21 Coronavirus No Requires mask wearing in airports and on certain modes of transportation, including many trains, airplanes, maritime vessels and intercity buses. International travelers must provide proof of a negative Covid-19 test prior to coming to the US
January 21 Coronavirus No Creates the Covid-19 Health Equity Task Force to help ensure an equitable pandemic response and recovery
January 21 Coronavirus No A presidential directive to restore America’s leadership, support the international pandemic response effort, promote resilience for future threats and advance global health security and the Global Health Security Agenda
January 20 Coronavirus No Launches a “100 Days Masking Challenge” asking Americans to wear masks for 100 days. Requires masks and physical distancing in federal buildings, on federal lands and by government contractors, and urges states and local governments to do the same.
January 20 Coronavirus Yes Stops the United States’ withdrawal from the World Health Organization, with Dr. Anthony Fauci becoming the head of the delegation to the WHO
January 20 Coronavirus No Creates the position of Covid-19 Response Coordinator, reporting directly to Biden and managing efforts to produce and distribute vaccines and medical equipment
January 20 Economy No Extends the existing nationwide moratorium on evictions and foreclosures until at least March 31
January 20 Economy No Extends the existing pause on student loan payments and interest for Americans with federal student loans until at least September 30
January 20 Environment Yes Rejoins the Paris climate accord, a process that will take 30 days
January 20 Environment Yes Cancels the Keystone XL pipeline and directs agencies to review and reverse more than 100 Trump actions on the environment
January 20 Equity Yes Rescinds the Trump administration’s 1776 Commission, directs agencies to review their actions to ensure racial equity
January 20 Equity No Prevents workplace discrimination on the basis of sexual orientation or gender identity
January 20 Census Yes Requires non-citizens to be included in the Census and apportionment of congressional representatives
January 20 Immigration No Fortifies DACA after Trump’s efforts to undo protections for undocumented people brought into the country as children
January 20 Immigration Yes Reverses the Trump administration’s restrictions on US entry for passport holders from seven Muslim-majority countries
January 20 Immigration Yes Undoes Trump’s expansion of immigration enforcement within the United States
January 20 Immigration Yes Halts construction of the border wall by terminating the national emergency declaration used to fund it
January 20 Immigration No Extends deferrals of deportation and work authorizations for Liberians with a safe haven in the United States until June 30, 2022
January 20 Ethics No Requires executive branch appointees to sign an ethics pledge barring them from acting in personal interest and requiring them to uphold the independence of the Department of Justice
January 20 Regulation Yes Directs OMB director to develop recommendations to modernize regulatory review and undoes Trump’s regulatory approval process
Economics: President Biden’s latest stimulus bill of 1.9 trillion dollars includes a new check going out to citizens in the amount of $1400, filling the gap of the original $2000 President Trump wanted to send out to the public before the election. This adds more to the national debt on top of the 2.3 trillion Congress just passed to fund the government and a 900 billion dollar covid-19 relief package.
Meanwhile, thousands of small businesses have closed their doors and more closings are on the way. There isn’t a total number of closings since these numbers are not tracked by any organization.
Gold: $1855.50 troy ounce
Silver: $25.56 troy ounce
Platinum: $1,109,10 troy ounce
Copper: $3.62 per pound
US National Debt: $27,825,336,000,000
Debt per citizen: $84,061
Food: President Biden has sent a proposal to congress for a 1.9 trillion dollar stimulus bill that includes the increase funding of food stamps. While money would help during normal situations it does little good if there isn’t food on the shelves to buy.
Self-defense: an ammo shortage has increased across the country as gun owners try to hunt down the latest batches of ammo that hits the market. Websites that are able to obtain a supply of ammo watch it disappear in minutes.
Hunting Ammo production is higher than it has been in the last 100 years. If you think you can reload and save some money while staying out to the ammo market, think again. All primers are dedicated to the production of ammo in factories and won’t be seen available for sale anytime soon. Even with the disappearance of ammo from store shelves firearms are still disappearing at record levels even after the election and inauguration is over.
Editorial: Rules for thee and not for me should be the motto for this new incoming administration. In the first three days of Trump’s administration he signed a total of 1 executive order. The days that followed shows more being signed and he was criticized for it. The use of executive orders was seen as the sign of a fascist state and he was called a dictator from the start. However, Biden is being praised for picking up a pen and signing these orders. In three days, 30 executive orders have been signed with little opposition coming from any direction. The printing press is being warmed up and all indication point to a spending spree with little help going to the little guy. If the Dems think that food stamps and a check once in a while is going to buy loyalty, think again. What these people fail to realize is that we know they think low of us. The recent mistreatment of troops in DC shows how expendable they think we are. After the inauguration 5000 national guard troops were taken to a parking ramp to camp overnight until they would be taken back to their base. This parking garage only had one bathroom with two stalls and a single outlet for electricity. No other arrangements had been made previously for these troops that had been demanded for the swearing in ceremony.
Coming down the pipeline are bills further limiting the second amendment, more surveillance on law abiding citizens, higher taxes, and the death of small business across the country. But hey we might save the planet and there will be fewer people clogging the streets at rush hour. Twitter and Facebook have started their purge of the useful idiots in Antifa and BLM as riots continue in Seattle and Portland. These groups who helped push Biden into office are no longer under the protection of the party that used them for their own ill-gotten gains. Congratulations, you got what you deserved. If you thought Trump was bad for the last four years let me point something out, the economy did better than it ever did before, there were no new wars, carbon emissions went down even after leaving the Paris climate accord, there was no pee pee tape, the collusion with Russia was a myth, and we are still here with nobody in concentration camps or being killed in the streets for who they sleep with. Life was so good people had to start bitching about pronouns to feel good about themselves again. You’re welcome.
1-16-2021 Vol 1 Issue 1
Politics: 20,000 National Guard troops are currently stationed in Washington D.C. Fliers were posted online threatening an armed demonstration in every state capital and the national capital. Most conservative new outlets have considered these fliers as fake pointing out that they do not include anything patriotic like the American flag. No group or organization has claimed these fliers.
Economics: In the last year 66% of US dollars in circulation were created. Because of Covid-19 and the small numbers of people working, the amount in taxes collected by the Federal government was small enough to print off more money through the Federal Reserve. The value of the dollar in a regular savings account has been decreased by 10% and that number will continue to rise. After the recent budget deal signed at 2.3 trillion dollars the national debt creeps towards 30 trillion dollars, raising the debt for the average American to $83,997 when the debt needs to be paid back to the Federal Reserve.
Gold: $1827.70 /troy ounce
Silver: $24.83 /troy ounce
Platinum: $1078.70 /troy ounce
Copper: $3.60 /pound
US national debt: 27,798,000,000,000
Food: By the end of 2020 Bill Gates, computer nerd extrodinaire, became the largest land owner of farm land in the United States. Bill and Melinda gates acquired land in more than a dozen states but the majority of the land is found in Louisiana, Arkansas, Nebraska, Arizona, and Washington state. For the past two years Bill Gates has invested in Vaccine research and if this is any indication as to what is to come Gates appears to be preparing for rough times in the food industry.
The FDA corrected their numbers on the amount of soy beans currently stored away in the United States. While the numbers are far lower than they were originally estimated this did not stop the sales of soy to other countries like China. The US has banned the import of soy from Brazil due to the de forestation of the rain forest and China is now buying whatever is available while south America sees one of the worse droughts in their history. US soy numbers were impacted by the 2019 heavy rain that prevented farmers from planting and kept crop numbers low. Soy is one of the key ingredients in feed for animal protein production.
Self-defense: Michigan recently banned the open carry of firearms at the state capital in Lansing. This comes after anti-lockdown protesters occupied the capital building for a day in 2020. There was no violence, no damage to the building. The recent protest in Washington DC helped push this bill forward after and unarmed group stormed the Capital building on January 6, 2021.
In New York State, Assemblyman Jacobson introduced bill A 353 banning the ownership of bulletproof vest by law abiding citizens. If the bill is to take affect it gives owners of bullet proof vest 15 days to turn them in to police. New York city has some of the strongest gun laws in the country and currently one of the highest rising numbers of shootings in the country rising 95% in 2020.
Editorial:This first issue of From the Cabin is dedicated to Michael Ruppert. Best known for his publication From the Wilderness, I came across Ruppert in the film Collapse. When the events of 2020 start to unfold, I thought about that documentary and what Ruppert had said about the collapse of society. Ruppert committed suicide in 2014 and while people can speculate as to the reason why he did it I suspect that maybe he didn’t want to see what was coming our way. Ruppert had a talent for not sugar coating anything and telling it how it is. When you are on the Titanic you can start building rafts, ignore the sinking ship, or panic while not helping build rafts. The earth is the Titanic and I like to help people build their own rafts for what is to come.
There is this myth called the American dream, or at least it has been for most of my life. What has been pushed on the public is a need for debt and over abundance to the point of crippling citizens into an endless cycle they will never crawl out of. When there weren’t enough people maxing out credit cards the next scam was to tell everyone to go to college. When there weren’t enough people going to college with student loan debt the need for an over priced house was sold to us. When the housing market crashed and people refused to invest in the market, car loans became the new get rich quick scheme. People in all of these categories are now out of work and behind on payments. The American dream, what was sold to us as that dream, came crashing down, again.
After 2009, I learned what was real and what wasn’t. This fascination with expensive cars, shoes, watches, cell phones, houses, jet skis, and all the other shit people don’t need no longer caught my eye. These were things I could not afford before and afterwards I knew that the majority of the public was not supposed to have them. There is a trade that takes place with owning things that we are told we should have. My step-dad always had to have a truck. He didn’t have a job that required a truck. He rarely ever hauled anything in it. The most he drove these things was to work and back, the most expensive ride to work one could ask for when it came to gas mileage. When I was growing up there were things that the family needed that we didn’t have, because of the cost of that truck. When people buy things they cannot afford, they trade what their family needs and the future for that item. Trucks came and went but the debt never went away. I hear about people getting married and finding out later that their new spouse has a ton of credit card debt. Again, future happiness was traded for long forgotten drinks, nights out on the town, shoes that were donated to goodwill, you get the picture.
With the unemployment numbers skyrocketing eyes are starting to open to what people have been doing since the 1980s. the version of free market capitalism that the US is dependent on will have to disappear. This desire to watch the stock market as a meter of the wealth of the country is a crummy system to use. It only accounts for how rich the rich are and leaves out the little guy who’s only option to buy into this pyramid scheme is to invest for their retirement which is stolen on a regular schedule.
Around me more people are panting gardens. They are looking for local sources of meat and poultry. Backyard chickens are becoming a new lawn decoration. People are starting to learn and while the stock market will cringe at this, I can only hope that the people pushing this old system will have their own eyes opened. Slow growth is manageable and to expect anything else is playing with fragile house of cards. There were old no nonsense rules of finance that people once followed and those had been traded away for greed in the form of fast wealth. It wasn’t just people but the government as well who started to live this lie, taking the future wealth of the country and charging it on a credit card knowing that someone else down the road will have to deal with it. Who cares as long as their families are taken care of? What matters beyond the rich having their fill and the rest of us being left with the bill?
A trump check was deposited into my bank account and that money was used to pay bills in advance and make sure my family had a roof over our heads and food in our bellies. The economic stimulus that the politicians thought they would see didn’t happen. The trick that was supposed to fix the problem failed and now the only other option they are left with is opening the economy and having more people die because of their fucked-up priorities. The rate of incompetence in this matter is astounding. The Chinese government had people locked in their apartments with the doors welded shut and somehow these people in suits don’t appear to understand what this disease is. Natural or not it is a weapon and its job is to kill. Horrible diseases like this one once plagued the planet on a regular basis. Smallpox wiped out the majority of the native population on North and South America. The black plague swept through Asia, Europe, and Asia again. Polio, typhoid fever, malaria, and measles were common enough to have known someone that had died of it during your lifetime. This is a fear that several generations have not experienced and now it is back. The party is over. The adolescent age of man is over. It is now time to grow up.
Everything has become too easy in our lives. Television has us clicking our next show with a remote to watch at any time. Phone calls are too inconvenient replaced with texting. Relationships have been replaced with quick hookups and relationshits. Money is no longer earned but given to the most recent meme to hit the internet. People who were deadbeat bums are now referred to as influencers. The last person to create a life changing invention is forgotten over someone who plays sports ball.
The president told people at a news conference that one way to cure Covid -19 was to inject themselves with Lysol. This is the level of intelligence that is running the country. It is safe to say we are on our own.
Several people I know are either at the same level of preparation or they are heading that way. Gardens are being planted. Chickens are being ordered. Sources for local meat are being found. Gas tanks are left full. Bills are paid in advance. Weapons are carried at all times. The only person we can rely to save us is… us. The message from the government is clear, they have no idea what the hell is going on. “its just a flu, nothing to worry about.” “As of today, we are on lockdown.” “there is no need to wear a face mask in public.” “it is illegal not to wear a face mask when in a public place.” If there was a sign that they have no idea what they are doing, I hope this would be it. Down play, over react, repeat.
Along with a disease that nobody knows anything about there is a Great Depression that everyone is forecasting for the future. If there is one thing that this country has completely forgotten it is what being poor is like. Our poor people are obese with diabetes. We don’t know what hunger is. As for jobs, we have outsourced all of our work to foreign countries, buy their products at the local Walmart and then bitch about how they ruined the country. Come to think of it, we deserve this. We had this coming for a long time. Our lack of foresight will be our undoing. We talk about the future of the country only to keep pushing the same ball of debt up a pile of shit that will one day crumble underneath us. Our sins are catching up with us and we can’t deny that we deserve what is coming. I see the litter covering the side of the street, the needles littering the parks, the homeless that joke about scamming people, the politicians who keep their jobs by winning a high school popularity contest, the cash advance centers around town, the liquor stores on every corner, the churches taking their 10% (a nice even price for the cost of a soul) the piles of belongings sitting on the side of the road from the latest eviction, the road kill left behind because someone was to lazy or too stupid to clean what they killed and fill their freezer, the morons who check Twitter before bed instead of reading a book, and the lazy assholes who would rather scam unemployment instead of applying for a fucking job.
There was a man who lived by himself in Alaska for over thirty years. When asked about his own safety he replied that if the water on the lake was rough, he didn’t take the canoe out. When you are responsible for your own safety you tend to be careful about what you do. These days everyone expects a bail out and someone else to flip the bill when they screw up. Those days are over. They have been for a long time and now the bill is coming due for everyone. Governments are in debt. Citizens are in debt. Companies rely on debt. The entire world owes someone and it is the poor that will be stuck with the tab. In Michigan, a person on unemployment can make more in the system than they did at their previous job. Why would anyone want to go back to work after this? When the hammer falls things will be rough. People will panic and try to play the blame game but that bill will still be sitting there and those who it is owed to will want something in return. We have become slaves to debt and for some reason we agreed to it. Those who didn’t follow this example will be caught in the crossfire. Those at the bottom of the ladder will want to be supported and the government will tell the middle class to pay the bill. All hell will break loose and it is only then that all involved will figure out that the system is broken. Something needs to change and unless those above us are smart enough to know this nothing will happen and that big ball of debt will continue to be rolled up that pile of shit.
My bills will continue to be paid. The garden will grow. The chickens will provide breakfast for years to come. I see canning in my future. Hunting season is coming in the fall. Tin foil can be reused if it is cleaned. I’m sure my Toyota has another fifteen years in it. I could care less about the last sports game, who was given a rose on the bachelor, which Kardashian called another useless person a bitch, where the stock market is, or who is running for office. I have my priorities set and my family comes first. If anyone tries to tell me otherwise, heaven help them. I’m tired of people trying to force me to play the same stupid game because they say so and I am not the only one.