muses of the moment

October 5, 2012

John Williams latest real stats

Filed under: Economic Crisis, Fiat Currency, John Williams shadowstats, The Financial Crisis, Unemployment — Tags: — totallygroovygirlfriday @ 4:20 pm

Oops, looks like the unemployment rate did not go down. Real unemployment rate calculated before they jacked with the formula? 22.8%

– Phony Unemployment Rate Drop?  Here Is How It May Have Happened
– With Deliberately-Inconsistent Numbers, Only the BLS Can Clear-Up the Reporting
– September Unemployment: 7.8% (U.3), 14.7% (U.6), 22.8% (
– September Payroll Gain Was Statistically Insignificant
– M3 Annual Growth Notches Higher Again

R. Buckminster Fuller

Filed under: Buckminster "Bucky" Fuller, Odds 'n ends — totallygroovygirlfriday @ 2:21 pm

When groovygirl needs to think outside the box, which is most of the time to keep her motivated, she turns to Mr. Fuller.

Bucky knew how to ask questions to come up with innovated answers:

We must do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest. The youth of today are absolutely right in recognizing this nonsense of earning a living. We keep inventing jobs because of this false idea that everybody has to be employed at some kind of drudgery because, according to Malthusian-Darwinian theory, he must justify his right to exist. So we have inspectors of inspectors and people making instruments for inspectors to inspect inspectors. The true business of people should be to go back to school and think about whatever it was they were thinking about before somebody came along and told them they had to earn a living.

R Buckminster Fuller

The question: do we really have to work in the traditional sense of the word? Are we working for cash to support a system and structure that is no longer needed? What would it look like if 9 out of 10 people or 5 in 10 (soon to happen with the baby boomers in retirement) were not working in the traditional sense?

If no one did your job, would society as a whole suffer? If no one did your job, would an individual suffer? Have we exchanged paper pushers for electronic data pushers? Is it really productive or necessary?

This isn’t a Communist statement, this is beyond political.

Perhaps we work to distract us from realizing the current system is not necessary anymore?

Other Bucky quotes.

Another good one:

The Things to do are: the things that need doing, that you see need to be done, and that no one else seems to see need to be done. Then you will conceive your own way of doing that which needs to be done — that no one else has told you to do or how to do it. This will bring out the real you that often gets buried inside a character that has acquired a superficial array of behaviors induced or imposed by others on the individual.

And this:

Politicians are always realistically maneuvering for the next election. They are obsolete as fundamental problem-solvers.


Of course, our failures are a consequence of many factors, but possibly one of the most important is the fact that society operates on the theory that specialization is the key to success, not realizing that specialization precludes comprehensive thinking.

The notion of less, little, or no work to produce a yield is why groovygirl loves the concept of permaculture so much. Permaculture is the structure of a food system that requires little to no work for abundant, diverse yield for the current generation and generations to come. This is how nature wants to work.

There is no waste in nature.

Any other system from energy to financial to transportation to government can work this way too. But we must ask the right questions to get to these solutions. The first question is: is the current way of doing things the only way? Next: Is it there a better way? Next: does nature show us a better way?

The question

Filed under: Dollar Crisis, Fiat Currency — totallygroovygirlfriday @ 12:19 pm

The question you ask always limits the answers you will receive.

The question is not will the DOW rise to 20,000, 30,000 or go lower to 5000 or will gold go to $5000 or $10,000 or move lower to $500. But will that amount of money buy you what you need to live? To drive? To invest? To retire?

What investments hold value during a depression or hyperinflation as debt sharply contracts driving prices much higher than income and savings/dividend returns?

Gold, silver, and cash (held in strong fiat currencies).

Latest Blog Post from Martin Armstrong dated October 4, 2012

Filed under: Economic Crisis, Gold and Silver Investing, Martin Armstrong, Odds 'n ends, Precious metals — Tags: — totallygroovygirlfriday @ 12:04 pm

Click here for Martin’s update on gold.

Here is an update from Martin from Beijing. He is there for his World Economic Conference, but the actual conference will be in Bangkok in early November.

And the words of the prophets were written on the subway walls

Filed under: Odds 'n ends — totallygroovygirlfriday @ 1:23 am

h/t to SW for the link:

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