“Paper, Rock, Scissors”
- A drama written by A. Greenspan in the 60’s when pot was socially acceptable to hinge the mind.
All of this is just a figment of me imagination, but…….
AG looked at his economics books and imagined the greatest deflationary depression of all-time- all fitting in the context of the cycles of Kondratieff. He toked-up at a time when most young men saw themselves as Superman or Batman, but AG was a fickle sort who dreamed of saving civilization from the next K-Winter deflationary spiral. He remembered back to the days of watching the old men drinking beer down at the dock and seeing them play “paper, rock, scissors.” Yes, the K-Wave would again bring about great loads of paper debt- debt guaranteed to soar through the use of paper currency lifestyles where real life dreams were simply promises that were paper-backed. Debt promises- debt promises to future generations that would bear upon the children of the K-Wave Winter. Yes, like the old men at the dock the solution was “scissors” to cut all of that paper debt up in a burning hell of deflationary default. Yet, like the old men down at the dock, the solution to scissors cutting the paper fiat mess to shreds was the “rock”-Gold and Silver- Real Money to come to the rescue and provide real value in the form or currency as the Constitution required, or to at least mimick our Constitutional requirement as a backing or “hedge” to fake fiat.
As young AG sat blowing circles of smoke into the air, he wondered on about that circle………..paper, rock scissors. The fiat system had been covering the “rock”- Real Money Gold and Silver….for a longtime since the last K-Winter collapse. Natural limits would provide the scissors to defeat the fiat paper promises, and Real Money Rock- Gold and Silver were the only answers. Young AG knew that deflationary collapses of fiat were as old as fiat time, but he wanted to be a hero….the Dick Butkiss of the paper world.
Young AG knew that once a deflationary spiral had begun, the scissors created a momentous slicercism of burning fiat promises that fed upon itself to create the economic death spiral of deflation. Even the large pools of investment money pooled together after-the-fact in 1929 debacle was not enough liquidity to stem the tide, nor to calm the frantic emotions of the investor peoples once the scissors of natural law took to ripping.
To help himself work through this historical baffilization he went to the closet and donned his Dick Butkiss football helmet and role-played in front of the mirror. He visualized his worst predicament on the football field as blocker after blocker banged against his pads to deflate his momemtum til the running back’s momentum carried him back into the endzone………touchdown deflation. As young AG picked himself up off of the floor and tossed his football helmet aside, he now understood the problem…………momentum. The momentum of the natural law of scissors had to be “chopped up” so to speak to prevent the death spiral of deflation from routing the fiat economy in the K-Wave Winter.
Young AG set out to run his new ideas by the Wyzard of Oz, who at first looked at young AG with that expression “Are you eff’n nuts?”…..but AG had an answer he pulled out of his pocket. He pulled out a taco wrapper out of his pocket and read to the Wizard of Oz. We will have a stagflationary period in the 70’s, and we can try parts of my experiment out at that time. The Wyzard looked at AG standing with the taco wrapper that was dripping taco sauce all over the Yellow Brick Road and said, “Anything to get you the hedoublehockeystix away from me.”
So, the 70’s recession was orchestrated with a new economic touch as a “rolling recession” was devised to stretch things out a bit, kinda like a good defensive end stings out an end-run….to see if a series of defaults across time and territory could lessen the damage of a one-time carnage. Thus, different parts of the economy, and thus different segments of the country, rolled through the recession with one part starting to recover before the next took the hit….defensive linemen and then linebackers stringing out a play to the natural limits of the playing field.
As the K-Wave rolled on, AG eventually donned his Dick Butkiss helmet and sat in the middle linebacker’s position in the Fed Chair- chief taco chomper to the world.
He operated with his John Madden marker to draw up the plan as he had envisioned it through the smoke, much like the early Indian Chiefs contemplated life through the smoke of the Gods. He needed to pump up the stock market to full bloat to give plenty of fiat ammo to start his rolling deflations. At the crucial point where it was time to make the decision between past historical roads or his new “inflate the scissors of history away theory”, he calmly stepped to the podium to cry about “irrational exhuberance” in the markets. The market corrected sharply as he expected, then traders began the necessary reactionary re-trace toward old highs, before next more viscious drop was to come. But AG did not relinquish the mike. As the re-test neared the top, he gently whispered those soft words that Wall Street wasn’t (yeah, right) expecting……..”rate cut.” It was the “Dick Butkiss blitz audible heard round the world” as Mr. Irrational Exhuberance did what no Fed middlelinebacker had ever done before as the markets ramped to even higher heights. And AG kept the mike and called more “blitzs” to bull the irrational exhuberance higher and higher up the parabolic path. In the Asian communities the term “nucken futz” was uttered constantly.
Ag reached under his facemask to wipe his lips as the stock market balloon grew bigger and bigger. And at the precise time he John Madden slashed across the blackboard and screached- “pop it.” To the horror of everyone on the street, the biggest bloated stock market rise in history started to run in Elliot Waves down the mountain as AG sat back in his Dick Butkiss helmet chomping on a taco. A bit of taco sauce dripped from the corner of his mouth as he smiled……”Inflate or die.”
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To be continued……………….but first a message from our resident dago dreamer……..”Below, is a picture of the “stock market crash” designed by AG-DB……Yes, the Dow is crashing against the “rock” and it is crashing against “inflation”, but the burning of the value of the USD by dollar inflation is masking all of that…..so it looks like a bull market on paper. At this rate, though we might see a Dow:Gold ratio of 1:1…..it might come at 15,000.
The DJIA crashes in devaluing USDs………
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