Written by Bryan Lutz, Editor at Dollarcollapse.com:
Every Sunday morning I send out three thoughts…
Sometimes these thoughts are on the economy, life, or hard assets.
If they’re helpful or hopeful to you, that’s great… Sometimes it just comes down to reality. That’s what I’m interested in…
So, here we go.
Here are three Sunday morning thoughts for you:
1. Buffett Indicator is Now at Incredible Heights
The famous Buffett Indicator is basically a ratio of Market Cap to GDP.
During the Dot Com bubble it was over 140%…
During the Great Financial Crisis is was 108%…
While the average is at about 80%…
It’s even past the 2021 high after they printed money to the mooooon.
Today, the indicator is past that number.
It’s over 190%.
That’s incredibly high valuations, which indicates the market is headed down, soon.
2. Trump was shot. What should we do? The greatest benefit to the civilized world was the end of violence to solve problems with “Do unto others as you would have them do unto you.”
Trump was shot clear through his ear.
That’s what happens when encourage win-lose deals…
The whole situation reminds me of this book I’m reading.
It was written by Bill Bonner. It’s called A Modest Theory of Civilization: Win-Win or Lose.
He shows how civilization changes after Jesus says these few words…
“Do unto others as you would have them do unto you.”
People began acting on a new ethic towards one another.
It was no longer “Do unto others good and hard, before they do unto you.”
It was focused on something else.
About those words Bonner writes,
“It was a change from win-lose to win-win…from theft to barter…from force to persuasion…from brute politics to civilization…from rape to seduction…from credit and gift-giving to hard money and double-entry bookkeeping…from tribalism to universalism…from force collectivism to voluntary collectivism…and from Old Testament to New Testament.”
And from that, we can infer forgiveness as a new world-changing ethic that seems to have permeated, and outlived the Roman Empire from which Christianity was violently mothered.
Today, America has returned to win-lose deals in so many ways.
And it’s not leading anywhere good.
Hopefully not, but from the ruins, forgiveness and doing good to others will most likely bring about a new potential for flourishing after the collapse.
Just like it has for so many losers in the past.
For example, Germany, Japan, Rwanda…
And more…
3. Where has all the government spending go?
You may not realize this if you have been working away your entire life angered by the fact that government employees will eventually retire and earn a healthy pension, but… there’s more.
The Bureau of Labor Statistics reports that on average government employees get paid 40% more than the average American.
Yet, it is rare for any government downsizing, ever.
When it comes to the amount of government employees…
Here is what the past 80 years or so looks like:
Ridiculous growth in the amount of employees, which rarely, if ever, get downsized.
If you were wondering how capitalism went wrong…
Or where your money gets spent…
There it is.
