Subscribe

AxisOfEasy Salon #10: Remember when Maximum Pessimism and Irrational Exuberance were mutually exclusive?

by on June 26, 2020

The overall theme for today’s show was the idea that we’re living in some weird quantum superposition, a la Schroedinger’s Cat, where the so-called “Cat State” (the two contradicting phase states in question) are Maximum Pessimism and Irrational Exuberance.

What it comes down, as Jesse points out more than once, is the largely unacknowledged emotional and psychological toll the pandemic and the lockdowns are inflicting on the populous.

Many people worry this policy response will usher in a new authoritarian era, Jesse says we’re already in it, and were in it before anybody had ever heard of COVID-19.

Charles outlined how the kneejerk reaction on the part of ensconced elites is to circle the wagons and and double-down on plunder. That dovetailed into an article Mark wrote before the podcast about the privilege derived from the USD world reserve currency, which Charles shows has led to a kind of neo-Colonialism / neo-Feudalism. We aren’t exactly indentured servants per se anymore, but we are all slaves to our “monthly nuts” …and we use debt for money.

Over all, the system is cannibilizing itself.

Episode Transcript: AxisofEasy10_transcript

AxisOfEasy Salon #10: Remember when Maximum Pessimism and Irrational Exuberance were mutually exclusive?
AxisOfEasy Weekly Digest

 
 
00:00 / 53:58
 
1X
 

Leave a Reply

Your email address will not be published. Required fields are marked *

Ledger Nano X - The secure hardware wallet