Cowardly, Lazy, and Typical, Communist Greeks

Yep, this is not surprising at all.  The ole "reparations" gambit.

Anything to avoid real work, eh Greeks?

"The Black Man's Guide Out of Poverty" NOW AVAILABLE!!!!!

Happy day all!  The Black Man's Guide Out of Poverty is now available on paperback!  Kindle will be following shortly when I get around to it tomorrow after recaulking the seams in my wood burning stove pipe that decided to start belching out smoke earlier this morning.

Stupid Americans Not Playing Keynesian Ball

Given the largest stimulus post WWII, many-a-Keynesians are (secretly) very upset their academic and government economics models are no longer working.

Never mind economics isn't a real study in the first place.
Never mind their flagship economic model (Keynesianism) is based on data only going back to 1947.
Never mind their Lord and Savior (John Maynard Keynes) explained ONE economic phenomenon in his life (the Great Depression)
And never mind every "great" contemporary economist today has failed in their job to get the economy going.

No, we're just going to sit and pout and (scramble) to find/concoct reasons our economic models aren't working and the economy is remaining stagnant despite trillions in stimulus spending.

But while they live-up to the phrase "those who can't do teach or work for the government," real economists are going to try to rationally explain why, despite trillions of dollars in stimulus spending, US economy growth is stagnating. 

Enter - "Animal Spirits."

Animal Spirits is an economic term that is used to describe humans' natural "instinct" of sorts to capitalize on economic opportunities to (primarily) enrich themselves.  And what is perplexing the world's dumbest economists Keynesians now is "Why aren't those gosh darn animal spirits resulting in more growth, investment, and spending!"  We currently have relatively low taxes (if you use government revenues as a percent of GDP) and we also currently have relatively high spending (as a percent of GDP).  And interest rates are at an all time low.  So why aren't those people blowing their life savings on investments, opening up businesses, and buying consumer crap they don't need!?

Well, there's some problems.  While many on the left will point to consumer confidence, the commensurate spending is just not materializing.  THis has resulted in a divergence between confidence and the velocity of money (the rate at which a dollar is received and then respent).

But if we look at another chart, you start to see something that is really killing those ungrateful, disobedient Animal Spirits - debt.

(it should be noted the chart only has data going back to 2009, but generally correlates with the velocity figure.  The US FRED database for some reason only goes back to 2009 and I'm too damn lazy to go hunting for the data)

You see, that whole housing crash has had a lengthy effect on people's memories and thus psychologies.  Gen X was obliterated during the housing crash, having whatever equity that may have been built up in their homes destroyed.  And Gen Y is currently saddled with their student loans, not to mention the worst job market (for them) since the Great Depression, prohibiting them from spending money even if they wanted to.

The result?

Throw all the Keynesian stimulus you want at this population, it's been trained to become minimalists, eschew debt, and not play Keynesian ball.

The truth is that effectively two generations' faiths have been destroyed in their futures and the American dream.  And when you take that away from any person, they have no real reason to mobilize as labor, let alone be foolish to start a business.

That sad truth for the charlatans posing as academian and government economists is that when your beloved leader does nothing to boost the economy and spews hatred against investment, success and private property (you didn't build that, not paying your fair share, 14% taxes on overseas profits, Obamacare) it scares away Animal Spirits no matter how much money you piss away on government deficits and no matter how low you set interest rates and no matter how much QE money you print.
You completely failed to instill ANY faith in the future of America, and worse, instead of painting a picture of a future America where success, profits, riches, and wealth are championed, you painted one where such things are criminalized and confiscated.

Your laziness, love for socialism, and envy of others has blinded you from practicality, effectiveness, and reality.  And so you can print off all the money you want.  Promise single mothers all the free housing you want.  And make all the worthless community college degrees free to all 315 million Americans.  None of this Keynesian poppycock will result in genuine confidence among the American people, especially the innovators, entrepreneurs, investors, and other non-parasitic classes who are your only hope of growing the economy.  Ergo, you can expect that velocity of money to stay nice and low and perhaps while you're down there try to scrounge around for some other lofty, theoretical reason your grand, master economic theories are failing.

Dear Seattle, This Is Your Future

You socialists are so dumb.

Sunday Linkage

This is another reason the US dollar has maintained its reserve status.

"Feminist Choir" proves my law that laziness drives all of leftism.

Affirmative action on parade.  I shall not attend.

Why Corporate America is not your friend either.

QOTD - "Envy drives leftism. The beautiful, never claim EQUALITY with ugly people. Intelligent people do not claim equality with dumb people. Equality is only claimed by those who feel inferior."

I would merely add "are inferior."

How Laziness Explains Everything About Politics

Breaking it down for ye'all

" I Like to Travel, Tee Hee!"

"Lousy Western medicine and their lousy culture and all their damn patriarchy!  I'll show them!!!"

You sure did sweetheart.  You sure did.

Thursday Night Linkage

A hottie redheaded wifey explains how to avoid Valentine's Day.  I wasn't really paying attention to what she said.

"Journalism" was never a real profession to begin with.  I think the baby boomer infested MSM proved that and removed it far far away from being the "4th branch of government."  But hey, you get your Masters in Journalism all you want.  Real people will just start blogs.

Before you become a mechanic.

Your funny ha ha for the day.

What Single Parents Should Say

I made this comment and realized that it is more profound than I originally thought:

I've never seen, "I'm sorry to my children and I humbly thank all the people who are paying extra taxes and sacrificing extra parts of their lives to afford me and my children a better life.  I will dedicate my life to pay you back."

Never.  Never.

Always, "you owe me more" "don't judge me" "you don't know what I've gone through."

Fuck 'em.  Not even their children will visit them in the nursing home.  Their best friend will be a government check.  They wasted their lives.  Let them suffer it.

Cover's Done!

Still waiting on my $14.4 billion from the Democrat party and Amazon to finalize the book.  In the meantime, here's the cover.  The model is also the photographer and he did a hell of a job.

Your Taxes 2015

As our prodigal son returns (because, well, he has to because it's his nature), Child Elkins returns with his 2015 Tax Guide. 

It's tax season folks, and whether you're an individual or a corporation or a self employed contractor, it pays to pay for Elkin's guide. 

You can find it here and make money on this purchase because the price you pay will more than adequately pay for the price you paid in tax savings.

So stop screwing around thinking you know better trying to read all those damn IRS rules and regulations.  Just buy Chad's guide already!

The $10 Billion Blackmailing of the Democrat Party

100% serious.  You can make it more serious by buying copies for your fellow black male friends.

Durrr, I'm a Libral Arts Majer!

Facts!  Gotta love me some facts!

Also no surprise the business majors are bottom barrel too.

IBM Baby Boomers Actually Get It

I didn't believe it when I saw it, but there is ONE company and ONE group of baby boomers who know how profitable it can be to get rid of all that damn office space and allow your employees to telecommute;

IBM.

Read to the part where they gained $1.9 billion when they sold their unneeded office space.

What savvy, charming, handsome, and clairvoyant economist, gifted with SAEG(TM) no less, saw this coming years ago?

Hint - it's not Janet Yellen.

Understanding the Economic Concept of "Wealth"

"Wealth" or being "wealthy" is well understood by most people in society.  We know "wealth" when we see it.  We all know we want to be "wealthy."  But when it comes to having a thorough and fundamental economic understanding of wealth, most people (even economists) fail.  The reasons are many, but most people just don't have the time or intellectual desire to fully think through "wealth."  However, if you take the time to do, not only do you drastically improve your understanding of economics, but you also dramatically increase your chances of being happy.  And that, ultimately, is the point and purpose of economics and life.

The first "stage" or level of understanding of wealth people have is money.  I remember a friend of mine and I in college walking across campus on a blustery fall day.  The wind was blowing and somewhere upwind somebody must have dropped some cash because soon $1 and $5 bills were blowing right across our feet.

For a nanosecond we were stunned because, well..."there's money blowing across our feet."  But soon our innate, human instincts kicked in and we were scrambling to grab as much cash as we can, pushing each  other out of the way in a spirited friendly competition of enrichment.  After grabbing all we could see we were each about $15 "wealthier," but what I remember most about it was the IMMEDIATE and RAPID genetic response we both had to chase and push each other over bits of green colored paper.

The question is why were we so excited about paper?

Obviously it wasn't the paper as much as it was the stuff the paper could buy.  And if we could grab that money it would allow us to buy stuff that would directly help support and enhance our lives.  And this is the second "stage" of people's understanding of wealth.  It's not about the money.  It's about the stuff.

This is a key epiphany to have because what you realize is that economics is not about the "money" a nation prints.  It's about how much stuff it can produce.  This is why, again, Adam Smith wrote "The Wealth of Nations" not the "Money of Nations."

However, what precisely is stuff?  Yes it is goods and services that can be used to help extend, maintain, and enhance your life, but does just having more "stuff" necessarily make you wealthy?

Well, yes and no.

Everybody needs a certain amount of "stuff" to survive.  We all need a certain amount of food.  We all need a certain amount and quality of shelter.  And we all need a certain amount of clothing.  But for the vast majority of mankind's 2 million year existence on this planet just scrounging up this basic level of "stuff" was incredibly challenging.  Again, it was no more than 300 years ago that hunger was the number on thing humans were battling against for survival.  Thus it is very much hard-wired into our brains to scrounge and consume as much stuff as possible for survival (which is why dogs will not stop eating just as humans won't either and we have an obesity problem despite the "food" problem being solved).  Ergo, human's drive to be wealthy is not so much about the stuff itself but to have the peace of mind, sense of security, and psychological benefit that comes with being wealthy.  i.e. - you never have to worry about starvation, survival, shelter, or work again (notice how immediate and happy people are when they win the lottery).

Now, in a literally sense to be wealthy, this would mean you would have to store up all the food you're going to eat, have a house you will live in forever, and have all the other material items and "stuffs" collected at some massive depot.  Then, slowly, but surely, you'd eat through these resources, dying fat and happy. 

But "stuff" doesn't work that way.  Food rots.  Milk spoils.  Even houses deteriorate and collapse without maintenance.  So how does one get wealthy without owning that actual stuff?

Well, welcome to the third stage.  Time.

At first you'd be tempted to say, "well I would just store all my wealth in the form of money to purchase future stuff!"  And this is true.  You could store your wealth in the form of money in a bank account, silver or gold in a vault, or some other form of economic medium that stores your wealth.

But (bar winning the lottery) how did you get so wealthy in the first place?  Where does this "wealth," the ability to buy future stuff (and so much of it you don't have to worry about it anymore) come from?

Well, the answer is time.

Again, barring winning the lottery or inheriting wealth, you have to understand what wealth really is and what its origins truly are. For while wealth is just "a lot of stuff" stuff at its "economic-atomic level" is created with human time.

I've mentioned this before in several of my books because the concept is so important, but everything you see around you ONLY exists in its current form because human time went into it.  The computer you are reading this on right now was sand, metals, and minerals in the ground.  And that sand, metal and minerals would remain there had it not been for humans to dig them up out of the ground, refine them, and then assemble them into this computer.  The walls and sheet rock in the room you are currently in would still be timber and rock somewhere had it not been for humans who cut, hauled, and built the building around you.

In other words, yes, stuff is the true source of wealth, but stuff does not exist unless humans exchange their time turning raw materials into usable, consumable stuffs.

Thus, when we look at this or any other economy, it is no so much various tradesmen and specialists exchanging their wares, products and services as much as it is an exchange of time.  I will give up my time producing a car in exchange for money.  This money will allow me NOT to buy groceries, but rather to pay for the time of the thousands of people involved in producing groceries.

This then puts the onus and origins of wealth in the only place it can be - your time.  Specifically, how valuable is your time relative to other people whose time you are going to exchange yours for.

If you are going to become an "English major" or an "aspiring rap artist" or a "professional activist" let us be very clear what you are saying.  You are saying,

"My time is worthless.  One minute of my time has little to no value because nobody will exchange one minute of their time executing their profession for me executing mine." 

HOwever, if you were to become a doctor, an engineer, a pharmacist, or a tradesman you are saying,

"My time has value.  One minute of my time will command MULTIPLE minutes of other peoples' because my trade, my skill is that much more difficult, specialized, and in demand."

And it is this disparity, this difference, this deficit between how many minutes of other people's time you can command with a mere minute of yours that builds wealth. 

This is why the "Masters in Pansexual Horned Frog 19th Century Literature Studies" makes $9 an hour serving fries to an electrician who makes $50 hour wiring the house of a surgeon who charges $90,000 for 5 hours of open heart surgery.  However, don't think of it in terms of "dollars per hour" think of it in terms of "minutes of a skilled person per minutes of an unskilled person."

If I do the math right, just ONE MINUTE of the surgeon above can command 2,000 minutes of the Pansexual Horned Frog Literature major.  And since it is human time that ultimately makes all stuff, you can see with such an huge ratio how skilled people can accumulate and command such wealth.

This, technically explains to the atomic level what wealth really is and where it comes from.  However, this is only on an economics level.  There is one final stage to truly understand wealth, and this also involves time.

Understand there is a law of diminishing returns to wealth.  That once you get enough of it, you derive less and less benefit from it.  So when Bill Gates made his first billion, no doubt he was very happy.  But what about the next billion?  And the next billion?  And that one after that?  For all practical purposes the "first" billion took care of most of his material needs, desires, and wants.  But as fun and awesome it is to have lots of "stuff," stuff is not the most important or sought after item in the world.

It's other people. Specifically their time.

Yes, you can command people through money and the labor market to give you 4 minutes of their time in exchange for 1 of yours.  But they are working for you and in the end are giving you the finished product of "stuff."  But what humans truly value is the time and company of other people who do not give them a "product" or a thing in the end, but companionship, love, friendship, and intellectual stimulation.  It is (again) why playing video games is fun, but playing against your friends online is even better.  Going to a movie is great, but watching it with friends is better.

In other words the ultimate form of wealth is other people WILLINGLY deciding to spend a percentage of their finite and dwindling lives hanging out with you.  Not in the expectation there will be "stuff" at the end, but simply because they want to.

This then changes the focus of wealth from "skilling up" or "leveling up" so your time is more precious than other people's time in the labor market, to that of being a good and enjoyable person.  A good and enjoyable person that people willingly spend their time on.

Are you honorable?
Are you honest?
Do you speak the truth?
Are you interesting?
Are you funny?
Are you selfless?
Are you altruistic?
Do you have standards?
Do you have ethics?
Are you charming?
Are you entertaining?
Are you interesting?
And are you humble?

In other words, to be truly wealthy you need to command other people's time in two different ways.  One, economically so you can accumulate enough wealth all your material needs are taken care of.  But, two, socially so other humans willingly spend time with you and you have good social, familial and romantic lives. 

This final "stage" or epiphany is arguably the most important economic lesson humans need to learn.  Because once realized not only does it makes people happier, but it has a drastic and amazing effect on your personal finances.  For once you realize that true wealth comes from friends, family, and loved ones, your need to make a ton of money for material wealth disappears, or at least is severely lessened to a minimalist level.  And if all 315 million Americans realized this, imagine what would happen to our finances.

Nobody would be borrowing money to buy a fancy car they can't afford to impress people.
Nobody would be buying designer jeans or bags to impress people they hate.
Nobody would be slaving away to pay for a mortgage on a McMansion next to the Joneses. 

Nearly all consumer and personal debt would be wiped out (or severely lessened), people would adequately save for retirement, and a level of sanity and economic knowledge would pervade the entire population that no doubt would lead to a much more stable, brighter, and happier economic future.

But something tells me more people will tune into Kim Kardashian's derriere than read this article.

Oh well, enjoy the decline! 

Some Saturday Linkage

I predict suicide will continue to increase and I also predict life expectancy increases will start to slow, perhaps even decline for men within our lifetimes.

Men will find agency and purpose in their lives.  Even if it means finding it in video games.

The Man of "DT and The Man" is forced to go to diversity training.  I will simply say this - if you have a mortgage or debt or a car loan, then you need to suffer this blatant leftist, anti-white male hatred.  If you don't, then you can tell your employer to FOAD if they dare to force you to attend this propaganda.

This is a house I could live in.

Sponsor - Fancomics.net

Howdy All!

A young man is starting a funding campaign for a fanfiction website wherein (if I understand this correctly) fans help participate in creating works of fiction (books, video, comics, webcomics) etc.  He is in the beginning stages and needs money for setting up the website, servers, other IT stuff, as well as spreading the word and getting some talent and fans.

The reason you may be interested is the theme of the site which is Anti-SJW.

I know a lot of Red-Pillers, freedom lovers, capitalists, Manospherians, and other sorts of people are out there and this is a way to fight back against the SJW's as well as maybe exhibit your artistic flair.

Again, he's only at the fund raising stage of this project.  But if you wanted to help fund him AND get in contact about potentially become a contributor to his site visit his fund raising site here.

Thanks

Cappy

Stay Frosty Boys

Stay the freak frosty.

"Austerity" - It's Greek to Me!

Austerity in both the dictionary and in real world economics means cutting government spending so you run a surplus, usually in order to pay down or at least stem ballooning government debts.

However, "austerity" has a different meaning to communists, socialists, leftists, democrats and other varied sorts of the same Marxist political spectrum - "bloody murder."

Had you been paying attention to Greece (or even some of the lefter leaning parties in the western world) an orchestrated, purposeful, and intentional assault has been made on the word "austerity."  The left (as they like to do with many other words) has targeted the word "austerity" and now intend to redefine it and villainize it so a lemming-like population of sheeple will vote against it, no matter how necessary and required it is.  And so like "anti-biotics" or "emergency heart surgery" or "CPR," the left (at least in Greece) has managed to avoid taking it's much necessary medicine by making the word "austerity" a pejorative.

But was what Greece was going through really "austerity?"  Did the government "tighten it's belt," run surpluses, and give a much needed, reality based, come to Jesus meeting, rah-rah pep talk to its citizens about knuckling down, doing their share "so we can get through this and see the dawn of tomorrow?"

Ha!

Like all leftists you are nearly guaranteed that what comes out of their mouths is 100% false.

First, the Greek government came nowhere close to running a surplus.  Deficits as a percentage of GDP are still laughably in double digits which, for normal countries, could indicate they were engaged in a war.

Second, leftists always looking for an excuse will muster their almightiest of mathematics and make the 4th grade level observation that it could have been REVENUES that were decreasing faster than spending.  Really?

Admittedly the chart is missing its past two years (thanks for being on top of that one OECD!), but let's not kid ourselves.  Greek deficits were NOT caused by a revenue problem, they were caused by a spending problem.

And finally, as the leftists are against the ropes, painted into a corner by reality and facts, we can reliably predict their next move because it's the same damn move they've always made before.  They're going to blame government spending on the always reliable, always evil "corporate tax breaks," "military spending," and "give aways for the rich."

However, unfortunately this is not America, and (as is always the case with leftists) it's not true.  The Greek budget (which is actually quite difficult to come by) shows what those of us who insist on being informed already know.  The majority of the spending binge went to darlings of leftist spending.

The budget is rather lengthy and detailed, but if you look at table 3.18 you'll notice three things.

1.  If you add up all the leftist/socialist/social programs, for 2014 they add up to 66 out of the 88 billion Euro budget.  This is roughly 75% of the budget.  Not "defense spending."  Not "money to rich people."  Leftist, socialist programs are the primary cause of the country's financial woes.

2.  There are some issues with the "general state expenditure," since it accounts for 37 billion Euro.  But since the states do not have defense, etc., I am assuming the majority of that money as well goes to leftist social programs.

3.  Government employees.  Even if you don't look at the functional purposes of each budgetary group, each group has a shockingly high percentage of their expenses going to "salaries and pension."  Indicating AGAIN a leftist, socialist preference to overpay government employees.

In the end, I am fully aware that none of these charts is going to convince a single leftist, let alone the professional activist parasite who's avoided a real job all his life (like our president) who is now the Prime Minister of Greece.  But that is not the point of this post.

It is to point out that these people are delusional.  They literally have a mental problem and that is the inability to live in the real world.  However, unlike other instances where there is a working class or a productive class to bail them out, thereby keeping the delusion up, Greece does not have that.  It is at the mercy of the EU.  And this will be one of the first (of what I predict to be several more) instances where socialists and leftists will be told "no" and for the first time in their lives face the economic reality that you can't have a society of "professional activists," "teachers," "professors," "government workers," and other parasites because in the end they produce absolutely nothing of real economic value.

And we, my friends, are going to have a front row seat to watch these communists explode with cognitive dissonance.

Alex Looking to Hire Cappy Cappites

Howdy All,

Alex over at Academic Composition is looking for some sales people to load up want ads on Craigs List.  Not the most exciting work, but can be done from home and it can pay some bills.  See the details below:

"Want to earn a little extra money on the side working from home? All you
need to do is put up ads on Craigslist, you'll make 5 bucks for each person
who'll respond to your ad. You'll also make a buck for each day your ad
stays live on the forum. No, this isn't one of those "get rich quick"
scams, but it is a reliable way to earn anywhere from $50 to $200 per week
in less than half hour of work. The college semester is just starting out
and lots of students will be looking for people to write papers for them,
so it's certain that you'll be able to generate plenty of leads every week.
Contact Alex at academiccomposition@gmail.com and he'll get you started. "