war is a racket

War is just a racket.  A racket is best described, I believe, as something that is not what it seems to the majority of people.  Only a small, inside group knows what it is about.  It is conducted for the benefit of the very few at the expense of the masses.

I believe in adequate defense at the coastline and nothing else.  If a nation comes over here to fight, then we’ll fight....  I wouldn’t go to war again as I have done to protect some lousy investment of the bankers.  There are only two things we should fight for.  One is the defense of our homes and the other is the Bill of Rights.  War for any other reason is simply a racket.

-- Major General Smedley Darlington Butler, USMC.  1933 speech

market speculation and waste

When the central banks turn the money markets and the capital markets into carry-trade driven casinos... the result is inherently a massive, dead-weight loss to economic output and national wealth.  That's because capital and other economic resources are drastically misallocated to pointless secondary market speculation and pure economic waste....

[A]bsent the inherent checks and balances of the free market, these central bank-enabled casinos do not simply boom and bust randomly;  they do so chronically and predictably.  With the ever-increasing confidence levels developed over the bubble cycles since the early 1990s, an entrenched class of permanent, professional speculators has learned to front-run the maneuvers of our monetary politburo almost perfectly.

-- David Stockman, The Daily Reckoning (April 16, 2014)

The Riddle

I'm the button that's been passed from hand to hand.
I'm the tidal wave in a sea of fear.
I'm the tornado from the fiery holocaust.
I'm the acid rain and the fallout dust....

I'm the supersonic jet with a nuclear payload.
I'm the conscience of the future world.
I'm the mushroom looming in the sky.
I'm the finger on the button, who but I.....

-- Space Ritual (2007)

taught myself how to grow old

Most of the time I got nothing to say
When I do it's nothing, and nobody's there to listen anyway
I know I'm probably better off this way
I just listen to the voices on the TV 'til I'm tired
My eyes grow heavy and I fade away

-- Ryan Adams (2007)

I Can Feel Him in the Morning

Take me down to the water, let me feel it run over me.
Let me feel the pain and the coldness, the loneliness that there must be.
Can’t you see their dreams as they go drifting by?
Can’t you see their faces and their tear-soaked eyes?

I can feel Him in the morning; I can feel Him in the evening too.
I can hear Him in the morning telling me what I got to do.
Got to make a new world; ought to make the old one right.
I can see Him in the morning; I can see Him in the stars at night.

Take me out to the battlefield; let me hear the shells flying by.
Let me hear the sound of the cannons; let me hear them scream and cry.
Can’t you hear their dreams as they tumble to the blood-soaked ground?
Hear them scream for shelter from the world they never found.

-- Brewer / Farner (Grand Funk Railroad) 1971

I Bet You

ice cubes on a red-hot stove will melt.
a drowning man's very first word is help.
if you bet on a horse and the horse don't win, you lose.
if you try to sit on air, you're gonna fall.

take a car without fuel, it ain't gonna move.
a carpenter can't build his house without his tools.
if your shoes are too small, they hurt your feet.
you can't know what's going on if you sleep.

-- Barnes / Clinton / Lindsey (Funkadelic) 1970

risk and fragility

The more you try to de-risk a system, the more accident-prone it becomes, and the more damaging the accidents are....   By using interest rates and monetary policy to try to prevent recessions, central bankers are making the world less safe and more likely to have a horrible accident. They are making the financial system more fragile....

You might not believe that the world becomes more dangerous precisely because you're trying to make it safer. But studies show that after the introduction of seat belts, the number of car accidents went up. Why? Well, people must have felt that because the belts made them safer, and made accidents more survivable, it was OK to take more risks, drive faster and otherwise abdicate responsibility for their own actions....

[I]t's a psychological phenomenon we're talking about. If people are led to believe they are safer, they will quite naturally be less vigilant about risk. [A] sense of risk is a highly useful advantage in evolutionary terms. Risk tells you when something big is at stake and the quality of your actions and decisions matter. If you try to systematically eliminate risk from society -- even if it's out of good intentions -- you aren't helping people at all. You're robbing them of a basic instinct that promotes their ability to look after themselves....

--Dan Denning, The Daily Reckoning (May 8, 2013)