Debtonomics

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One side says the modern US economy is built upon little more than debt and threat of force.

Another side says things are fine, the Fed knows what its doing, and everything is supported by real value.

(Other sides say things too.)

Of the first two sides, which might be worried about the following headline?

China is reportedly thinking of halting US Treasury purchases and that’s worrying markets

“If China stops buying Treasuries, the market could suffer,” strategists at Jefferies said. “Treasury financing needs are going to rise significantly in 2018 and beyond relative to recent history, so Treasury is going to be looking for as many sources of demand as they can find.”

The news worried markets.

Treasury prices fell, boosting yields. The dollar also dropped against most currencies and gold rose. U.S. equities declined.

Hmmm. How can this be? Things are fine. They know what they’re doing.

One might almost think the debt does matter after all.

A Shotgun in an Oyster House … or … Water Wars Heat Up in the Cold South

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Florida vs. Georgia isn’t just an October football classic. It’s now a Supreme Court case – one which might have ramifications for the rest of the USA too. It’s a fight over water.

Every 45 seconds or so, oystermen plunge their long-handled tongs into the shallow blue-gray waters of Apalachicola Bay, rake the bottom and deposit meager-looking piles on the bow of their flat-bottomed boat. A gloved co-worker culls the keepers from the empty shells and immature oysters, which are tossed back.

“See these guys here?” asked Shannon Hartsfield, whose family has fished and oystered and crabbed and shrimped here for four generations. He pointed to a nearby boat.

“Three tongers and one culler? Usually you’d have one tonger and two or three cullers. That’s the flip-flop. Used to, that man right there’d keep two cullers busy all day long.”

Apalachicola Bay, an estuary recognized by the United Nations for its uniqueness, once produced 10 percent of the nation’s oysters and 90 percent of those from Florida. Why it doesn’t anymore – why its oyster production has fallen so dramatically – has been the subject of decades of litigation, which now has landed before the Supreme Court.

Florida v. Georgia, which is to be argued Monday, is a water fight that pits the thirsty megalopolis of Atlanta and the farmers of southeastern Georgia against conservationists and seafood producers in this stretch of the Florida Panhandle called the Forgotten Coast. Both states need the fresh water that starts in the foothills of the Blue Ridge Mountains – as well as in a spring just south of the Atlanta airport – and meanders hundreds of miles before finding its way into the Gulf of Mexico via the Apalachicola River.

So far, Georgia has been the big winner, aided by decisions from the U.S. Army Corps of Engineers that allow it to keep the lion’s share of the water.

Often in such Supreme Court fights, each state wants water for growth. But in Apalachicola, leaders say getting a greater share is necessary to allow the place to stay as it is. The fresh water provides the perfect degree of bay salinity required to sustain the seafood industry, they say, and thus a way of life.

I crossed Apalachicola Bay a week or two ago, as I have many times the past two decades. I have two connections to the above story. One, I used to live in metro Atlanta; I used some of that water. Two, I’ve eaten my share of the Oysters, maybe the best in the world and in one of the best settings. I can kind of see each side of the issues here.

One time, maybe 15 years ago, I took a water tour up the Apalachicola River, from “downtown” Apalachicola, home of Caroline’s. It was a shockingly cold, windy December day. Luckily, formerly fat Perrin was well insulated.

The guide was great as he pointed out trees, other boats, and alligators. Then he mentioned the water war. His solution was simple: they should bomb Atlanta. Okay. It made a little sense, considering his perspective; we were on his river, recipient of whatever flow ATL dictated at the time. I was mildly alarmed as, at that time, I lived in the proposed target area. He jested, I was almost sure.

The point here, well, I don’t really have a point about the matter at bar. The greater point is that, as urban areas grow, they need water. My Western readers are acutely aware of this issue. It has to come from somewhere.

Atlanta, its political leaders (or what passes…) have proposed all manner of wacky solutions. I’ve heard of: piping water in from other states, in from the mountains, building new reservoirs, salt water refineries, and, or course, continuing to drain the Apalachicola, via the Chattahoochee (lot of vowels there).

This is all something to consider when decided where and how to live. Water is a must and, again, it must come from somewhere.

The wise Nine shall surely tell us all the business…

Now, on an even more remote, cold December morning, I had trekked across the Bay on a different, yet somewhat related mission. I and my good Brother-in-Law needed oysters. Appropriately fueled, we arrived in East Point for procurement.

We entered a dockside oyster house. Therein a heated discussion unfolded. One party held aloft a shotgun. Why such a tool was needed given the circumstances escaped us, even as we escaped via the front door. I suppose oysters, unhappy at their capture, may become rowdy. Maybe it was the water war. I’m not sure. But, that is a story for another day.

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Yep.

More on the Justice in the Cliven Bundy Case (VIDEO)

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I really can’t emphasis how important, if localized, this case and decision are.

From my Freedom Prepper article today:

Friends, this is simply huge. The criminal case against Cliven Bundy and his associates, has been dismissed with prejudice. That means it is over and cannot be re-tried. The government, the judge found yesterday, committed such horribly abuses of discovery and due process as to make a fair trail impossible.

Let this be a lesson and an inspiration for all preppers, freedom lovers, and real American patriots.

Here’s THE STORY.

Here’s the amended CRIMINAL COMPLAINT from the criminal government. I could not find the Dismissal Order, yet.

I have some experience trying criminal cases in state and federal courts. This is not an isolated issue; it’s just that in this case justice was actually served. Here’s my reaction:

Perrin Lovett Show/FPTV/YouTube.

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Let it ring!

Huge! Bundy Federal Trial Dismissed With Prejudice in re Gross Prosecutorial Misconduct

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From the Conservative Treehouse:

Wow. Follow up to THIS STORY – In a stunning rebuke to federal prosecutors a federal court judge has thrown out the case against Nevada rancher Cliven Bundy “with prejudice”. Bundy and his sons cannot be retried, and will walk free. In order for a federal judge to completely dismiss a case of this significance […]

via BREAKING – Federal Judge Throws Out Case Against Cliven Bundy – “With Prejudice”, “Gross Prosecutorial Misconduct”… — The Last Refuge

Because Grenades Go Off on the Subway all the Time!

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I know the last time I was on a train in Boston a hand grenade went off. It was a blast.

So it was in Sweden the other day. Whatever it is, it is NOT terrorism. They authorities told us so.

The explosion occurred late on Sunday morning outside the Vårby Gård station, injuring a man in his sixties and a 45-year-old woman.

“There was something on the ground that the man picked up, and then it exploded,” Sven-Erik Olsson of the Stockholm police told the TT news agency.

The man died in hospital in the early afternoon, the police announced on their website.

Stockholm’s police force said the man was unlikely to have been purposely targeted by whoever left the explosive at the station. They added that there was nothing to suggest terrorism.

Police said they suspected the blast was caused by a hand grenade, but said it was too early to confirm.

Okay, maybe it’s really not terror-related. Here’s a hint: if you see a grenade on the ground, by a train or anywhere, then leave it there. Maybe run away…

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Henrik Montgomery/TT.

Another Honest Look at the Constitution

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Eric Peters pulls over from the car business and discusses the predictable failure of America’s sacred document.

It did what it was written to do:

The Constitution is an immoral document. It explicates a litany of conditional privileges, subject to modification at any time. That this is done in an orderly manner, via “constitutionally” prescribed mechanisms, does not make the doing of it morally legitimate.

It merely legalizes it.

Theft remains theft.

Slavery, to whatever degree, remains slavery.

Sounds a bit like Lysander Spooner from 100+ years ago. Harsh but honest.

Heavy Read Friday: Two Americas

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I’ve got yet more Interstate highway to attend to. I leave you to read this by John Whitehead: A Tale of Two Americas: Where the Rich Get Richer and the Poor Go to Jail.

I approve this message even as I lack time to fully annotate; see if you can add anything.

Maybe 2018 will be the year when all this begins to change. And maybe everyone on 95 will miraculously start to exhibit adept driving prowess today…

The Perfect Pocket Knife: a Short Tale of Joy and Woe

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It was the best of knives, it was the worst of ways to lose a knife…

So, they other day I reposted my old tale about the excellence in action that was George Gibson’s Menswear in Athens, Georgia. See: Fall of the House of Gibson.

A reader emailed me with a few questions and some information about the old shop. Therein, he mentioned that he still has a pocket knife he purchased about twenty years ago. That got my brain working. I replied that I too had once owned a knife from Gibson’s.

It was an awesome little work of art. In short, it was perfect and my favorite blade of all time. I own A LOT of knives. But none, none of them, compare to that little, 2 1/2 inch bladed gem.

For reasons I will soon disclose I cannot attach a picture. Nor can I find one on the web! (So maybe the AI takeover has a little ways to go?) Anyway, it was a small, simple knife, all steel construction, with a plain lock on the back (top) of the handle. It would have been ordinary, like so many good Bucks, etc. What set it apart were the stamps.

The handle, one side, has inlaid with a short series of New Zealand postage stamps. They each featured the picture of a trout. I cannot remember for the life of me exactly which stamp it was. I can’t even recall the maker – Svord?? maybe? Dunno… I cannot remember how much it cost, circa 1997, either. I imagine it was reasonable but not cheap – maybe $50-100. I do remember the stamps.

The stamp was likely this one:

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NZPS/Pinterest.

It could have been this:

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NZPS/Pinterest.

It could have been a similar stamp. Seeing these pictures you get the picture no doubt. It was a one-of-a-kind masterpiece.

And I lost it…

It had to be at the great institution that is Tweetsie Railroad, of which I have also previously raved, here.

In fact, I’m confident that my knife is probably still in the gravel beneath the Tilt-A-Whirl in the Country Fair section of the park. Tweetsie says, “Spin and spin, until this ride leaves you breathless and laughing.” You’ll certainly laugh until you realize that your knife flew out of your pocket while your child squealed with glee… I cursed over the matter. Sadly, I missed my knife, fish and all, only after I left and park closed.

I suppose that, if it is still there, then I could conceivably recover it. I imagine the elements these past, what – ten years? – have not been to kind. Is it better to let it go? Probably.

If you happen to read this, work in maintenance at Tweetsie, clean out under the Tilt-A-Whirl, and find the above-described knife, then please drop me an email.

The good news is that I got to, here, link together two of my favorite stories and places. Plus I got to share with you the reconstructed, approximated beauty of the blade.

Maybe Ebay has one. Gotta run.

*Safety note: Please check your pockets when attending fast-moving centripetal amusement rides. Laugh breathlessly.

Not to Worry

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So, it’s 2018. January 3rd, to be exact. I failed to make any new year’s resolutions this time around, based on my usual failure to accomplish few, if any, of them. Okay, I do have a few to work on but I’m going to work on them – doing rather than saying.

On that note, James Altucher came up with a good new year’s list – of things not to worry about. He’s got: money, politics, people, and a few others. Here’s money:

MONEY

We need money to pay the bills. I get it. We need money to support our families. We need stability.

I get it. I get it. All my life. All my fucking life. I’ve been worried about money. I’m so sick and tired of it.

My parents went broke. I paid for every dime of my college and graduate school.

I moved to NYC with a single garbage bag with an outfit or two in it and lived in a one room apartment with a roommate.

But worrying about money never made me money.

The ONLY times I’ve ever made any money was when I solved someone else’s problem, communicated my ability to solve it for them, and got paid for it.

Look around you. Your friends, your colleagues, your bosses, other companies. Everyone needs help.

And if you are at the right place and the right time, then some of those people will pay you to help them solve a problem. Not always (so you can’t be. disappointed) but sometimes.

Right place, right time, right solution, right communication, right execution, right pay. Then repeat.

That’s a business. That’s an income stream. Then make more.

It’s so hard. And it’s EVERY. DAY. the stress of making money. But I won’t worry about it. When I worry, I’m going to look around, solve a problem, communicate, execute, get paid.

As Yoda said, kind of: “Do or do not. There is no worry.”

Speaking of the little green friend, I saw the Revenge of the SJW the other day. I may review it soon, maybe in a video. For now I’ll defer to Stefan Molyneux’s take. In short:  they call it The Last Jedi; for me it will probably be the last Star Wars movie. Anyway, one more thing not to worry about this year.