Mister tardy pants is back. A tidalweek, too. The Sue Jeffers announcement went very well--we were worried about the turnout, but by time four o'clock rolled around, it was standing room only. I spoke about the party and introduced Bob Odden, who introduced Sue (a video of Sue's speech here. Bravo!). I guess a couple of people saw me on the tee-vee, but only for a few brief cuts, standing behind Sue while she issued her formal bid. Going to be a crazy nine months, so everybody put your helmets on.
While tomorrow may be the final weekday, Kari is also leaving for NY through Tuesday. Fight the lonely with a stack of busy, though, between the Happy Gnome on Friday night, a St Cloud trip with the FSP folk on Saturday, all glazed over with writing, as I need to have some material so Nate and I can set our sacks on the table for some drinks on Sunday.
Been hoarding commodities with the crew. Discussing silver and gold versus the FRN quite a bit, too. Jim and I hedged a bet--I put a Troy ounce of good ol' .999 silver that the price would hit 12 FRN/ounce before it would make a one-time fifteen percent drop. We're rockin' 9.50, today. Here are some out-of-context excerpts from a conversation/rant with Jim today:
James Johns: good God...silver is up even more!
Lee Brenn: YESH!
...
James Johns: i'm thinking the higher the climb the harder the fall....
Lee Brenn: Maybe you haven't noticed, but the Federal Reserve and
FedGov have not followed their usual Keynesian 'business cycle' manipulation
tactics since the 70's or so.
Lee Brenn: I was arguing with Nik and pointed this out last night.
Lee Brenn: I impressed myself.
Lee Brenn: No raising of taxes, continual increase of Federal
spending, no substantial increase in interest rates to curb the heat--nothing to
slow down the depletion of our purchasing power.
James Johns: i know the phrase 'keynesian' as an economic school of
thought....but that's about it.
Lee Brenn: The economy is overheated, and after the housing bubble
bursts and oil gouges us more, the only way to keep the Fed will be
hyperinflation.
Lee Brenn: The only other option is a drastic cut in Federal
spending, a jacking-up of interest rates, and a raising of taxes. Not gonna
happen. Everybody is in debt.
Lee Brenn: The 1920's are coming to a close again.
Lee Brenn: 'cept this time nobody is producing anything.
James Johns: could be....but i gotta think there's a few years left
before the economic down fall.
Lee Brenn: Yap. The rich people and the smart people are slowly
backing off of the dollar, and this will only continue until we all look down
and notice we're not standing on anything.
James Johns: doesn't hyper inflation come with hyper taxation?
Lee Brenn: Nope.
James Johns: weird...seems like the fed would print a bunch of money and
then want a larger cut of the people's new found wealth.
Lee Brenn: Naw. If they did that, the people wouldn't like them.
They'll just print more later.
Anyhow, Dream Theater tickets on sale tomorrow. Hunker down!
Yea--almost forgot. "Larry, stop pointin' that fuckin' gun at my dad!" Rest in peace, Chris Penn.
eat a crocodile,
-Brenn