One More Hit Off the Crack Pipe

Just. One. More.

Denninger seems to write the same blog post about every three days. I commend him on this. It’s hard to write about the same topic over and over and remain relevant and interesting. Yet, despite that difficulty, he pulls it off.

See his latest here.

When debt grows faster than output on a compound basis the two curves inevitably run away from one another and must always result in a collapse.

This is not a political issue, it is not a left or right issue, it is a function of simple mathematics.  Those who were IPOing these businesses in the 1990s and who were building and selling houses into the ramp in the 2000s were simply believing that they would unload the bag on you before the leverage pyramid in that particular part of the economy fell over.

That’s all the last thirty years was folks, and now we’re desperately scrambling on a global basis to find just one more sucker.  To obtain just one more hit off the crack pipe.  To stave off death just one more day and draw one more breath.

The days of the indebted nation state as the central power are coming to a close. Simple as that. How do you adjust, adapt, and overcome to not only survive, but thrive in the new societal construct?

A Very American Perspective

Recovery Road with Andy Stanley.

Part IV will be online sometime tomorrow. In the meantime, get the first three.

Andy’s message to this is very nation state ‘centric. That’s fine. Anything at this point will likely help.

Put on your rose colored glasses and harness up your magic unicorn for what the nation could be like if even just a fraction of the population did what he said. I would be floored if one – just one – congress critter stood up after watching this series and said, “you know he’s right. i suck, and i resign”.

Probably not going to happen, but it’s a nice thought.

The other practical side of the series (from a non-biblical PoV), is that these accountability standards apply to your tribe or the new version of our nation going forward.

Moral Authority comes from your ability to Walk Your Talk. In order to lead, or be led, Moral Authority must be part of the equation.