Incidentally, I have found that, in reading much of the news these days, I ask myself, "Haven't I seen this before?" Sure enough, it's the "shock doctrine" repackaged and used over and over again. I have refrained from deviating to lengthy diatribes about current affairs as of late, although I continue to read a variety of news sources.
What concerns me now is the composite of short-term interest rates, the state of the "bubble economy," and the timing of the attack on Iran. I believe that we are seeing a repeat of the same conditions that existed prior to the incursion into Iraq. The so-called "technology bubble" was collapsing, a recession was looming, Greenspan lowered short-term interest rates, and the incursion into Iraq was hastily launched. And, the year 2003 was very close to the Presidential elections. Coincidence? I don't think so. It's the "shock doctrine" in action. Perhaps if we determine what short-term interest rates were on the day the incursion into Iraq commenced, we can probably predict when the attack on Iran will occur. My rough estimate is sometime around April of next year.
As was expected, the Fed lowered short-term interest rates. The estimated effect for me will be another $150 drop in monthly dividend income from my investment accounts. The last rate decrease caused a $300 drop in income. Thus, I will be drawing $450 per month from my savings until the next interest rate decrease in six weeks.
Of course, the dollar is not worth much these days. The Fed-induced inflation has made the dollar almost completely disposable. That gives a whole new meaning to the phrase "disposable income." Banks are certainly not attempting to lure savers. Saving money is so passé.
I was in a despondent mood his morning. The sudden downpour when I arrived in town did little to alleviate my disposition. I was literally trapped in Kukui Plaza with my cup of coffee from Safeway®. At noon, the rain finally stopped. Thus, I could commence my homeless guy itinerary.
I was relieved when I sat myself down in the inner courtyard of the library. I sat and pondered my ridiculous situation. The "condotel" unit is now the major money sink that could leave me both homeless and penniless. I am doing all that I can to preserve capital and protect my assets. However, all that really matters is the divestiture of the "condotel" unit. Once the global recession arrives, I will be in deep shit if I still "own" the albatross.
The global recession will probably kick in about six months to a year from now, once the impact of high energy prices affects all consumer goods and services. Given the fragile nature of a debt-based economy, I can see no other recourse. Perhaps it is wise just to spend all my savings, as it is losing its value by the day. When the Fed has finally lowered interest rates to near-zero percent again, my savings will only have a fraction of its current purchasing power. That's the mirage of our economic "system." Lower interest rates translate to asset inflation, giving the illusion of increased wealth. Lower rates also mean cheap loans based on the inflated assets, giving the illusion of even more wealth. However, energy costs are also inflated and give rise to higher and higher prices (due to the multiplier effect for each stage of the production and distribution chain) for goods and services. In the end, the mirage of increased wealth yields to the reality of exponentially increased debt. Thus, net worth (i.e., assets less liabilities) decreases and makes us poorer.
The dulled mind is tricked into seeing an increase in personal wealth because of the "ownership society." The accumulation of property (e.g., real estate, automobiles, consumer goods, and so forth) creates an illusion of immense wealth. Yet, only the so-called "standard of living" has increased. Wealth has decreased because depreciation of assets, obsolescence, and debt accrual. A high standard of living is a consumption pattern, not wealth. However, we equate it to wealth because of its flaunt value, that is, the appearance of "living high on the hog." Of course, flaunt value opens the doors to social acceptance, even aiding in the mating ritual. And, it is flaunt value that is driving the exorbitant consumer spending that makes up over 70 of the GDP.
By mid-afternoon, the sky was clear with some intermittent showers. The rain, however, had triggered the methane production of the manure compost. I sat in the courtyard and attempted to ignore the odor until my allotted gym time. Were it not for the peace and quiet, I could not have held out for long.
I did my usual workout at the gym. All of the stress and tension returned with a vengeance nonetheless. I am so fatigued by my circuitous path to "freedom." When will I ever complete the exodus? The rain apparently started up again while I was in the gym. I walked to the nearest prison transport stop (read: bus stop) near Longs® at 4:10pm. Three Waikiki-bound prison transport passed through, but all were too crowded for my liking. The rain let up, so I walked to my usual prison transport stop. After along wait, I boarded the next prison transport bound for Waikiki. Traffic was ridiculously heavy because of the rain and everyone commuting to Waikiki for Sinister Kahuna Day parties. I arrived at my destination at 6:30pm.
I completed my psychotic rituals for the last time. Then, I hurriedly devoured my prison meal (read: beans and bread). At 8pm, the losers in the adjacent prison cell came back Within minutes, there was a lot of loud talking. I thought a party was in progress. Then, I realized that the clowns were yelling. There were a number of thuds as crap was flung at the walls. I immediately called the watch commander's desk (read: hotel front desk). A prison guard (read: security guard) was dispatched. I decided that I did not want to stick around. I chatted with the prison staff (read: hotel staff) about the incident.
I thought about one last visit to my safe haven, Barnes & Noble® in Ala Moana Center. As I waited at the prison transport stop, I noticed that traffic was extremely heavy. Most of the prison transports were late. I watched the crowd of costumed satanic gargoyles parade down Kuhio Avenue. Actually, it was quite entertaining. I finally boarded a prison transport, but I alighted in central Waikiki. I waited forever for another prison transport going back to where I came from. In the meantime, I watched the parade of Sinister Kahuna Day disciples. I also saw the babe who looks like the former friend. In fact, I am 90 percent certain that the babe in question is the former friend. I boarded another prison transport and rode it all the way to Waikiki Beach. When I alighted, I found myself in the middle of a huge group of costumed satanic gargoyles. I walked across Kalakau'a Avenue to the beach side and walked toward central Waikiki. Across the street were an endless mass of satanic gargoyles moving in both directions. There were almost as many on my side of the street, but navigating through the crowd was easier. I walked all the way back and past central Waikiki. Then, I traversed over to Kuhio Avenue and headed back to Quagmire Prison (read: hotel.
I felt somewhat numbed by the experience. That's actually only the second time that I have walked that path since I moved to Waikiki. I felt alienated and insignificant. Here, everyone was out having a good time with all of their friends, and I was walking through the crowd alone. I did not know a single soul. I recollected the days when I was out on the party circuit doing the same kind of stuff. Now, I am a non-entity. Of course, that's the beauty of Waikiki. There's a lot of activity, and just walking around in the crowd can thwart feelings of aloneness. In that sense, I will miss Waikiki. I won't miss living in a prison cell.
I stopped off at the Food pantry to purchase a pint of ice cream. I ate the ice cream in my prison cell in a silent celebration of the end of my prison term. I am still shackled to the mortgage, though. I may venture out again into the heart of Waikiki. The evening is still young. And, it is my last night here.
As was expected, the Fed lowered short-term interest rates. The estimated effect for me will be another $150 drop in monthly dividend income from my investment accounts. The last rate decrease caused a $300 drop in income. Thus, I will be drawing $450 per month from my savings until the next interest rate decrease in six weeks.
Of course, the dollar is not worth much these days. The Fed-induced inflation has made the dollar almost completely disposable. That gives a whole new meaning to the phrase "disposable income." Banks are certainly not attempting to lure savers. Saving money is so passé.
I was in a despondent mood his morning. The sudden downpour when I arrived in town did little to alleviate my disposition. I was literally trapped in Kukui Plaza with my cup of coffee from Safeway®. At noon, the rain finally stopped. Thus, I could commence my homeless guy itinerary.
I was relieved when I sat myself down in the inner courtyard of the library. I sat and pondered my ridiculous situation. The "condotel" unit is now the major money sink that could leave me both homeless and penniless. I am doing all that I can to preserve capital and protect my assets. However, all that really matters is the divestiture of the "condotel" unit. Once the global recession arrives, I will be in deep shit if I still "own" the albatross.
The global recession will probably kick in about six months to a year from now, once the impact of high energy prices affects all consumer goods and services. Given the fragile nature of a debt-based economy, I can see no other recourse. Perhaps it is wise just to spend all my savings, as it is losing its value by the day. When the Fed has finally lowered interest rates to near-zero percent again, my savings will only have a fraction of its current purchasing power. That's the mirage of our economic "system." Lower interest rates translate to asset inflation, giving the illusion of increased wealth. Lower rates also mean cheap loans based on the inflated assets, giving the illusion of even more wealth. However, energy costs are also inflated and give rise to higher and higher prices (due to the multiplier effect for each stage of the production and distribution chain) for goods and services. In the end, the mirage of increased wealth yields to the reality of exponentially increased debt. Thus, net worth (i.e., assets less liabilities) decreases and makes us poorer.
The dulled mind is tricked into seeing an increase in personal wealth because of the "ownership society." The accumulation of property (e.g., real estate, automobiles, consumer goods, and so forth) creates an illusion of immense wealth. Yet, only the so-called "standard of living" has increased. Wealth has decreased because depreciation of assets, obsolescence, and debt accrual. A high standard of living is a consumption pattern, not wealth. However, we equate it to wealth because of its flaunt value, that is, the appearance of "living high on the hog." Of course, flaunt value opens the doors to social acceptance, even aiding in the mating ritual. And, it is flaunt value that is driving the exorbitant consumer spending that makes up over 70 of the GDP.
By mid-afternoon, the sky was clear with some intermittent showers. The rain, however, had triggered the methane production of the manure compost. I sat in the courtyard and attempted to ignore the odor until my allotted gym time. Were it not for the peace and quiet, I could not have held out for long.
I did my usual workout at the gym. All of the stress and tension returned with a vengeance nonetheless. I am so fatigued by my circuitous path to "freedom." When will I ever complete the exodus? The rain apparently started up again while I was in the gym. I walked to the nearest prison transport stop (read: bus stop) near Longs® at 4:10pm. Three Waikiki-bound prison transport passed through, but all were too crowded for my liking. The rain let up, so I walked to my usual prison transport stop. After along wait, I boarded the next prison transport bound for Waikiki. Traffic was ridiculously heavy because of the rain and everyone commuting to Waikiki for Sinister Kahuna Day parties. I arrived at my destination at 6:30pm.
I completed my psychotic rituals for the last time. Then, I hurriedly devoured my prison meal (read: beans and bread). At 8pm, the losers in the adjacent prison cell came back Within minutes, there was a lot of loud talking. I thought a party was in progress. Then, I realized that the clowns were yelling. There were a number of thuds as crap was flung at the walls. I immediately called the watch commander's desk (read: hotel front desk). A prison guard (read: security guard) was dispatched. I decided that I did not want to stick around. I chatted with the prison staff (read: hotel staff) about the incident.
I thought about one last visit to my safe haven, Barnes & Noble® in Ala Moana Center. As I waited at the prison transport stop, I noticed that traffic was extremely heavy. Most of the prison transports were late. I watched the crowd of costumed satanic gargoyles parade down Kuhio Avenue. Actually, it was quite entertaining. I finally boarded a prison transport, but I alighted in central Waikiki. I waited forever for another prison transport going back to where I came from. In the meantime, I watched the parade of Sinister Kahuna Day disciples. I also saw the babe who looks like the former friend. In fact, I am 90 percent certain that the babe in question is the former friend. I boarded another prison transport and rode it all the way to Waikiki Beach. When I alighted, I found myself in the middle of a huge group of costumed satanic gargoyles. I walked across Kalakau'a Avenue to the beach side and walked toward central Waikiki. Across the street were an endless mass of satanic gargoyles moving in both directions. There were almost as many on my side of the street, but navigating through the crowd was easier. I walked all the way back and past central Waikiki. Then, I traversed over to Kuhio Avenue and headed back to Quagmire Prison (read: hotel.
I felt somewhat numbed by the experience. That's actually only the second time that I have walked that path since I moved to Waikiki. I felt alienated and insignificant. Here, everyone was out having a good time with all of their friends, and I was walking through the crowd alone. I did not know a single soul. I recollected the days when I was out on the party circuit doing the same kind of stuff. Now, I am a non-entity. Of course, that's the beauty of Waikiki. There's a lot of activity, and just walking around in the crowd can thwart feelings of aloneness. In that sense, I will miss Waikiki. I won't miss living in a prison cell.
I stopped off at the Food pantry to purchase a pint of ice cream. I ate the ice cream in my prison cell in a silent celebration of the end of my prison term. I am still shackled to the mortgage, though. I may venture out again into the heart of Waikiki. The evening is still young. And, it is my last night here.