When Dementia Replaces Meritocracy – An End and a Beginning In my experience, everyone gets dinged by life. Sometimes those dings are like a minor dent in your vehicle and others are the equivalent of totaling it. In the last week, BlackRock has had two significant dings but if you are not watching BlackRock you…

42. When Dementia Replaces Meritocracy – What is the value of your vote? On several news blogs I saw where Eugene Yu, CEO of Konnech which the articles said is a voting software company, was indicted for storing vote related data on servers in China. If I read the article correctly, the software gave control…

When Dementia Replaces Meritocracy – Can you hear it That noise you hear is a combination of the sucking sound caused by The Fed removing massive liquidity from the global economy and the resulting breakage caused by the speed of rising interest rates. The first crack in the global financial system occurred in the British…

40. When Dementia Replaces Meritocracy – Chaos and Failure Occur Over the last week, there have been some notable failures originating in organizations focused on Social Justice as the proper criteria for advancement rather than ability/meritocracy. 1. Modern Monetary Theory (MMT) so proudly promoted by the Biden Administration and Demented Marxists is being relegated to…

39. When Dementia Replaces Meritocracy – De-Globalization is Adult Swim Only In a recent presentation, an investment analyst commented that for the last 25 years “This time is different” was used as a justification for actions that proved expensive to investors that followed the advice that followed. But to avoid a catastrophic impact on their…

38.   When Dementia Replaces Meritocracy – Incompetence is Expensive Last week the first crack appeared in the delusion of the financial markets and the Biden Administration.  FedEx reported a sharp decline in their quarterly earnings and stated their opinion that the global economy is in a recession that began mid-June.   Since they stated they daily…

37.   When Dementia Replaces Meritocracy – When Shortage becomes Surplus America’s Nero, known as Biden or Brandon, held a party Tuesday with James Brown as the headliner.  The Democrats/Marxists celebrated the signing of another $700 Billon boondoggle of wasted spending that will further increase America’s debt and thus act like gasoline thrown on the inflation…

36.   When Dementia Replaces Meritocracy –  Disclosure or Confirmation? Most of the comments about Biden’s recent speech were objections to the two Marines in the background. A few felt the combination of red and black was reminiscent of Hitler speeches.  My perspective was that it mirrored the picture I saw of a self-described Satanic Temple…

35.   When Dementia Replaces Meritocracy – Two Brief but Critical Speeches Those two speeches are among four key data points that describe the short-term economic future of the global and USA economies.  Fed Chairman Powell gave an amazingly brief speech – four pages and eight minutes long.  But what he said transformed the world financial…

34.   When Dementia Replaces Meritocracy – $1,000 per barrel oil & Desperate Politicians This week I read a forecast that Europe this winter will face energy costs equivalent to $1,000 per barrel oil.  Think about that for a moment.  If that happened here, our gasoline would soar to $45 per gallon.  Inflation would also soar. …