So It’s Almost The New Year and I Still Don’t Feel Any Different

For the final post of 2015, I wanted to end the year on a (quasi) optimistic note by borrowing two of my favorite things:

Death Cab for Cutie Lyrics

and

ZeroHedge Articles

For those of you so inclined to listen to such things, from their best album to date Trasatlanticism, Death Cab for Cutie kicked off their rise to fame with the following quote:

“So this is the New Year and I don’t feel any different….”

I will have plenty more to say on the subject as the calendar page turns, which, despite many promises and “resolutions” – promises nothing and resolves nothing.

We will solve this problem next year.

Lastly, dear reader, I leave you with my favorite website, one which I get ALMOST all of my news, the brilliant “Tylers” over at ZeroHedge:

Finally, and as always, we wish all our readers the best of luck and success in 2016, with lots of trading success, and depart with our now traditional and unwavering year-end promise: Zero Hedge will be there each and every day helping readers expose, unravel and comprehend the fallacy, fiction, fraud and farce that the system is reduced to (ab)using each and every day just to keep the grand tragicomedy going for at least one more day.

So is ZeroHedge’s promise and so is ours – 2016, despite the catastrophe’s around us, will bring a time of unending truth from he editors here at Marginally Correct – fighting for peace, great health, incredibly productivity and sound economics.

Merry New Year!

MC

Prince of Peace vs. the god of War

While Santa and his elves are as elusive and mythical as the “moderate groups” in Syria, one thing you can count on every day of the year is propaganda.

So for Christmas, and my many apologies for not updating this blog nearly as often as I should, I encourage you to head over to another great blog, Lew Rockwell’s, to read Laurence Vance’s piece on the Prince of Peace vs. the god of War.

I couldn’t hold a candle to the amount of hate mail he receives, which is probably up there with the amount that Peter Schiff receives or James Altucher, for perpetually blowing up the idols that the average American bows to.

You can call the following the Iron Law of Writing: The amount of good you’re doing in the world is inversely proportional to the amount of hate mail received.

These guys do a lot of good, so go do some good of your own by reading their work.

Merry Christmas!

You Are Extraordinary – Resurrecting the Work of Roger J. Williams

I learned about the work of Roger J. Williams through he wonderful podcast produced by the Mises Institute – The Libertarian Tradition. While the episodes are no longer produced, I learned a great deal about liberty minded people that I wouldn’t have know about back in 2010, thanks to the Mises Institute and Jeff Riggenbach’s booming voice. You can still find the episodes on the Mises website here or search on iTunes U for “The Libertarian Tradition” although I’m not sure if the iTunes episodes are still supported.

What we need to keep in mind, and it’s sometimes hard to do, is that our intellectual heritage stems from many backgrounds and degrees of “libertyness” for lack of a better word. As noted in Riggenbach’s details of Williams, he was probably not even a Libertarian, but his contributions to the world, such as the discovery of Folic Acid, as well as the overall conclusions he draws about human beings, is a critical one. As the title of this post states – You Are Extraordinary, was a book Written by Williams in the 70s. (My edition was the third printing in 1974). The great inspiration that eventually led to the writing of his book, was his reaction to Morphine after an accident that he had. I can still hear Riggenbach’s voice telling the story of Morphine’s effect on him, where he couldn’t feel his limbs but his mind was racing all night, and he couldn’t fall asleep. This lead him to the eventual conclusion that “there is no average person” as the first page of his book states. Throughout the book, he details, through both prose and diagrams the differences in ALL of our blood vessels, arteries, sinus cavities, and organs. There’s an example early on in the book about 12 healthy males with 12 different sized livers, which would make a huge difference in removing waste from the body as well as its effects on whether or not someone becomes an alcoholic or not.

I’ve been convinced for quite sometime that one of the most important topics outside of the perpetual wars and disastrous economic policies pursued by States across the globe is health, particularly in the US where people are now sicker and fatter than ever, despite numerous updates to the farcical “food pyramid” and “low fat” crazes commanded to us from on high since Ancel Keys convinced some bureaucrats that saturated fat was the genesis of all of our health woes.

To make a short story long, the implications for liberty minded types is obvious in Williams’ work – our differences on the outside, shape, facial symmetry, hair (or lack thereof) pale in comparison to our differences on the inside. The size of our stomachs have a direct impact on the quantity of food we can hold which has an impact on satiety. The number of nerve endings in our extremities have a direct impact on our intersection with the outside world. This helps to explain while some kids, such as myself and my two boys, are far more sensory, via the temperature or the way a shirt lays on your back, than others. Our uniqueness is comprehensive and encompasses every single human being. This insight is crucial to the understanding that central planning cannot possibly work. It’s not just enough to say that we’re culturally different in the US than we are from Indians, all of us in the US are completely different! We truly are an “experiment of one” as Mark Sisson likes to say. How then, can one group of bureaucrats in one cesspool have the arrogance to believe that not only can they rule people who are seemingly like them, but those that share little to nothing in common with them at all!?

The work of Williams has far reaching implications – from having a better understanding of how we are truly different from one another to emboldening the case for individuality; not that we needed it, but any evidence, especially on anatomical grounds, certainly helps.

Updates

It’s been a few days since I’ve been able to update the blog. However, here’s the good news:

I’m working on a pretty lengthy piece about Russian and Turkey and the implications for all of us as well as an investment narrative. This is one thing I feel strongly about, not only the ability to assess the world but how can we actually make money by having the views that we hold. See Doug Casey on the topic here.

Work and family obligations take a lot of time, but that’s a good thing, it makes all of these ancillary projects possible.

Paging Peter Schiff: Janet & Crew – Still Patiently Waiting for the Time They Can No Longer be Patient.

The always full of doublespeak Fed minutes were out on Wednesday and while I didn’t get to post this then, I found it appropriate to post today, given their last minute, closed door meeting scheduled for Monday 11/23 (tomorrow).

From the minutes, here’s the nonsense directly from the horse’s mouth:

“Most participants anticipated that, based on their assessment of the current economic situation and their outlook for economic activity, the labor market, and inflation, these conditions could well be met by the time of the next meeting,” the minutes said. [emphasis added].

Just in case you decided to put any weight on that emphasized statement, keep the following graphic in mind:

Econ Predictions

The fact that they have always been wrong, not withstanding, the doublespeak continues:

Fed officials largely agreed, concluding the Fed’s target fed funds rate “would likely be lower than was the case in previous decades,” the minutes said.

“Participants generally agreed that it would probably be appropriate to remove policy accommodation gradually,” the minutes said of a subsequent discussion about the near-run rate outlook. “It was noted that beginning the normalization process relatively soon would make it more likely that the policy trajectory after liftoff could be shallow.” [emphasis added]

Translation: if we do do what we’ve been saying we might do, but never actually committed to doing, we won’t be doing much of the thing that we said we might possibly do (maybe).  You can’t make this stuff up.  Yet, we’ve heard this all before. The following quote, is straight out of the hilarious, but incredibly underrated, movie Baseketball where two characters Remer & Coop, are discussing a committed, non-committal relationship with a woman, Jenna, that neither of them are actually dating:


Remer: “What’s that?”
Coop: “It is a commitment ring.”
Remer: “What, for Jenna?”
Coop: “Yes, I’m letting her know that I’m ready to consider thinking about dating her exclusively.”
Remer: “well I’m giving Jenna a precommitment ring. its a promise to pledge that we’ll think about getting engaged just as soon as we are ready to make a commitment.


 

Substitute Yellen and Fisher’s names for either Remer or Coop and you’ll have a pretty good back and forth of the typical Fed meeting.

Besides watching 90 minutes of purse satire, can you imagine anyone else writing such ridiculous prose? It’s beyond embarrassing that anyone pays attention to these fools, let alone hang onto, their every typed and spoken word. If these types are the “best and brightest” in the country, no wonder the US school system is in such disarray.  Just in case it wasn’t immediately obvious, these people are not the best and they’re certainly not the brightest. Despite the shibboleths held to by the standard American member of the boobeoisie, being well educated does NOT equate to being intelligent.