How long can the absurdity in the US economy continue? What happens when it can no longer continue?
(by Half Dollar) I’ve been pointing out the absurdity of our markets and our economy for years.
Whenever I do, however, for one reason or another, people would rather just stick their heads in the sand (see the comment section of the video below, or the hate emails directed at me, which I’d love to share but will not, and worse, which I’m not even allowed to talk about):
Why is there such pushback on reality?
It’s baffling, really.
But since that video with Charles Hugh Smith was recorded late last week, in my experience, the US economy just keeps on getting even more absurd, and the absurdity builds by the day.
I’m not quite sure where all of this is all headed, other than the complete and total collapse of the United States, by design, by force, and from within, of course, which are all givens at this point, but for now, let’s just talk about the day by day stuff.
My “Honey Do” list was quite long, and I really needed some super glue, even though I wouldn’t be getting to that part of the list until next weekend.
With my blown memory, however, I wanted to go ahead and order the super glue before I actually needed to use it.
Now, look again at my Walmart receipt and see if you can spot the absurdity.
I paid a little over two dollars for what I would consider to be an acceptable super glue, and somebody drove it to my house from the closest Walmart within hours!
Said differently, I purchased a two-dollar item from Walmart, a Walmart employee packaged it up, and then Walmart paid somebody to drive it to my house from the local store for free (sans my yearly $99 subscription fee to “Walmart+” or whatever it’s called).
In other words, the resources consumed, such as a the plastic Walmart bag, a sticker to seal the bag, the gasoline to drive the package to my house, and the wear and tear on the driver’s vehicle, as well as the labor paid to the driver, all cost, in my opinion, much more than what I paid for the two-pack of super glue itself.
That is to say, and I’ll ask it as a question: How did Walmart not lose money on my purchase?
And with the hopes that I’m doing my part in helping to bring down our evil, corrupt and totally rotten to the core financial system sooner rather than more painfully later, I do not make these kinds of ultra small scale purchases from Walmart infrequently.
Again, I’m not smart enough to know what’s exactly going on here, but I’m pretty sure it also has to do with the elimination and destruction of small business around the country.
But I digress.
Absurdity Point Number Two: The $1 cookies.
Yesterday, Sunday, I was doing a little field research inside of Dollar Tree.
I really don’t like those stores, nor do I spend many dollars there, but I do it for the science.
Nonetheless, the random Dollar Tree I walked into, which was a particular store that I had never walked into before, was about half empty.
As are all Dollar Tree stores, in my experience, which have been half empty for what’s now going on two years.
Furthermore, in my opinion, anything that would be a good deal for $1 has long since been purchased, only to be replaced by inferior products, by shrinkflation, and by other inflation-hiding tactics like that.
For what had previously been cheap, undervalued items for decades at the dollar store are now only kinda-sorta-not-totally-bad-deals for one stinkin’ dollar.
Which brings me to the mind-blowing cookies.
Now, what drew my attention to the cookies was the fact that the actual cookie is a straight-up copy of the BelVita cookies we actually like to eat and pay-up for at Costco.
For those who are unaware, “BelVita” are these trendy Mexican made cookies, or “biscuits” as the woke marketing department calls them, made by the same company that makes Oreo cookies, which are also made in Mexico.
See if you can spot the absurdity in the Dollar Tree “biscuits”, however:
That’s right folks!
That’s six individually wrapped packs of two cookies per pack, inside of a nice box, which comes inside of an even nicer, more rugged wholesale box, all made in India, shipped to the United States and offered for sale for one single dollar.
Good thing we don’t have supply chain disruptions, food price inflation, or anything else like that going on!
Here’s the honest question: How long can all of this absurdity in the US economy continue?
Follow-up question: What happens when it can no longer continue?
Just some food for thought.
Whatever you make of the “market” “volatility” last week:
Naturally, when you are the US stock market, you fall though a major moving average, like we saw with the super-scary plunge last Monday, you then test the major moving average within two days, break-out above the major moving average the very next day, and then come back down to test it as support on the following day.
As fear once again begins to subside:
“That sure was some crazy whip-saw action”, people say!
Even though it wasn’t.
Most people are just wrong.
Most people are also wrong in their understanding of interest rates:
Here’s the thing: Right now, it’s all for show, because it is a sick-and-twisted combination of the Fed, Washington and Wall Street we’re talking about, but just as soon as the scary monetary & fiscal stuff is behind us, rates will start moving lower again by means of brute force.
As I demonstrate in several ways in my latest podcast/interview, the US dollar has already hyperinflated:
And yet the absurdities in the US economy never cease to amaze, do they?
They say to get ready for $90 crude oil by Christmas:
Can you say, “Bah, Humbug”?
The Dollar Tree was out-of-stock on all sizes of their disposable aluminum baking pans:
If you point to slight corrections in price, such as in the price of copper shown above, or the fact that items are simply not being replaced in the stores, then I suppose there’s no inflation.
If it doesn’t exist, after all, it has no price, much less a price increase.
Silver totally exists, but there’s no inflation in silver:
There will be, but only after Economic Misery and Financial Ruin.
I’m seeing other people finally talking about capitulation in silver:
What I’ve been talking about since late January of this year when I saw it coming and nobody else did.
Things always take longer than one thinks:
So here we are, at $1750 gold in late 2021.
Palladium is getting closer to parity with gold:
Or is gold getting closer to parity with palladium?
In my opinion, platinum remains the second best form of investment, savings, wealth preservation, a hedge against inflation, or whatever you want to call it:
Second only to silver.
Thanks for reading.
Paul “Half Dollar” Eberhart