The Last Of The Mohicans

Have you ever walked upon the hallowed ground of where the great Mohicans once ranged? The spectacularly beautiful lands surrounding Lake Champlain are some of this country’s most poorly known knowns. They still have areas that remain virtually unspoiled and pristine in many ways, but their Mohican inhabitants are now long gone. The mohicans were lied to…..cheated…then murdered. Man constantly changes on this planet. Nature’s laws do not. The Mohicans were a noble and cultured tribe that was eventually over run by the European war technology and their accompanying diseases. 

We are nearing a time of tremendous change as our technology is pushing out today’s “Mohicans” that inhabit our planet. This time the displacement will be in the billions as our “disruptive” technology destroys the “old” ways of life.  You’re already seeing the removal in the United States of millions of manufacturing jobs with robotics and artificial intelligence. These jobs were once the pathways for entire families to advance in the middle class. As the wages for these jobs stagnated and the jobs themselves disappeared, new areas of employment were needed. After the technology bust and wealth destruction of 2000, our team of central planners took their derivative solution of wealth from the 80s into an entirely new stratosphere. 
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They decided to pick “winners” in the housing market to create more high paying jobs for the displaced middle class male workers. Major big box store like Home Depot and Lowes emerged as a cacophony of voices on Television sounded a “boom” of large McMansion building and trading. Markets like Vegas, LA, Boston, Miami, and New York exploded in prices. It was used by central banks in Spain, London and even Central America to explode the new wealth of home ownership. The Central planners supported their thesis so wholeheartedly that their banker arms were allowed to run wild with the derivatives and began marketing derivatives on derivatives of derivatives. The debt exploded by HEY!….who gives a shit…..we were all getting more wealthy on paper. 

I had friends whose net worth based on their property developments was well north of 30 million.  We had so much money sloshing around that an entire new wealth model was being created called the CONsumer eCONomy. People were going into massive shopping malls and buying incredible amounts of shit. They bought 500 dollar purses….so MORE purse makers became visible selling purses.  It was a contest who could make the highest price ugly bag. Asians arrived on our shore to buy these purses and take their treasures back. It was all good.

Then a problem developed. It was all sooo good, they had to start normalizing their interest rates. For you neophytes, that means they’re going to wash out the pigs at the trough. This time, they had too many pigs at the trough and a lot of little piggies got hurt. My friends found out in a few short months in 2008 that their “net” worth was no longer 30 million but NEGATIVE 10 million. It was a liquidation feeding frenzy and there were NO buyers. You see, when they turn off the music, NO ONE wants to dance anymore, and when NO ONE is dancing its very lonely for the leveraged piggies.

If you can’t see where the “malinvestment” is this time, then I probably can’t help you much. I’ve watched it develop with a mixture of awe and trepidation. I was deeply saddened to see these pathetic jobs in my field created, that literally were destroying the quality and the efficiency of the health care “industry”, but I knew the shorter term goals made this malinvestment seem “good” now.

I’m now watching hundreds of jobs being lost in my area as a large mall begins losing over 30 its stores this year. I fully expect this to be its death knell and then the remaining stores will follow. The CONsumer economy is collapsing. 

Go ahead….believe in Faceplant….believe in Google….believe in Amazon………But answer this question…WHAT in the hell do they do for jobs? How many widgits are we going to be making? How many new nursing jobs can we create? Who in the hell is going to pay these nurses the 100K/yr that many are currently making? How many 700 dollar I phones are we going to sell when the jobs are vaporizing. They’re turning off the spigot because they have to. They now have a bunch of piggies again. Its time to hear the old line that NO ONE could see this coming. 

Maybe you feel like you are one of the last of the Mohicans crying about the evil that’s coming and warning your tribe of the danger…..good luck …..its inevitable and you need to be the Mohican that survives.