A Complete and Total Societal Failure
Posted On March 12, 2020
We can’t say that we didn’t see it coming and yet here we are – totally and completely unprepared. From the top leadership to the ground zero forces – we are totally unprepared to deal with the current state of the world. And, unfortunately, it is likely to get worse – and we are unlikely to get better.
There are so many levels here – personal, local, city, state, federal, international. On the health level, school level, home level, or business level – there are failures stacking up in every realm. The one that people are noticing right now is the financial – but it’s just the tip of the iceberg. Still, it bears looking at.
I also failed. I knew how to prepare – or I thought I did, but then I lost the thread. For the past three years, I’ve been getting ready for the inevitable meltdown of the Trump economy. One of the cornerstones of that was allocating a certain amount of my investments into volatility – for me it was TVIX – the Velocity Shares 2x VIX Short Term ETN. At one point late last year, I had over 200 shares – which for me was a big investment – but the constant infusions of cash into the economy by the Federal Reserve and the short sighted stimulus kept pumping the economy higher and higher – finally, in December, the TVIX was driven so low that there was a huge reverse split and I was left with the process beginning again. This seemed like a good way to lose what little money I had – so I sold. And of course, today, at $350 each and I don’t have this particular hedge. So, like everyone – I am losing.
It turns out that there may not have been a good hedge, no place to hide out. Bitcoin and Gold are both tanking along with the markets today. Inflation is starting to reveal itself and that’s just going to get worse – so cash is nowhere to hide. Real estate is going to suffer along with everything else.
So, there is the financial end of things from my very tiny perspective. We should have known a pandemic would have this kind of effect – I mean, actually we did, but we ignored it. We should have known that ineffective leadership with temporary loyalist cabinet members and “Yes Sir” congress would lead to crisis – and I suppose we did, but here we are. All those baby boomers who kept loving their 401k growing under Trump’s grand manipulation of the economy, they probably don’t feel so good about him now, hiding out in their Boomer Bunkers with huge piles of toilet paper and soon to be dead spouses and call centers that keep telling them to call their PCP, the CDC, an Emergency Care Clinic, or someone else because no one knows how to take care of this.
Is this the end? Probably not. Let’s hope that it is the end of the disgusting capitalist ideology that got us here. There is a chance to change – that is the only real hedge – anything else is just like an injection of cash into the stock market by the inept and corrupt banking system or a new decree or ban from the inept and corrupt political leadership.