Good Morning Everyone,
The ability to solve problems that we face, is perhaps one of the most important capabilities we can posses. In many respects life is simply a series of problems or challenges. While some may associate the word problem as a negative, it’s perhaps better framed as a series of barriers reached that in order to progress to some next potential point, which we deem an improvement from our current position, or even just to maintain our current position, we must resolve some underlying point of friction. It is much more productively viewed as an opportunity.
One of the most common mistakes when trying to solve a problem, or series of problems, is failing to correctly understand it in the first place. Depending on the scope of the problem faced, this can lead to a host of undesirable outcomes and potentially be catastrophic. One of the most likely errors one can make when trying to solve complex problems is we can attempt to solve it by mistaking the symptoms for the underlying root cause. This can be disastrous. Not only would we not solve our problem in this case, we would create a host of undesirable outcomes as a result of these actions and create an entirely new series of problems.
In this scenario the best possible outcome that exists now, is to accept how and why we failed to solve the problem, and acknowledge the side effects from incorrectly addressing it, go back to the beginning to correctly understand the root cause of the issue and begin again.
Unfortunately as is so often the case, humans tend not to like being wrong and in now facing the next problem, instead of deploying humility and doing what is necessary as mentioned above, often people will make excuses as to why it didn’t work, and conjure up reasons why it wasn’t our fault. This is often done by people blatantly lying and completely muddying the waters of what really happened and why we achieved the outcome we did.
This is often the case when the incentives are lined up in such a way that we stand to lose significantly from the situation. This is especially true where money is concerned.
The topic of whether or not the US economy (and many others) is in a recession has been hotly discussed for months, but critics and commentators have been waiting for the second quarterly GDP print which is due July 28th in order to confirm this. That’s because the term recession had been defined as two consecutive quarters of declining GDP. That date is quickly approaching, and in preparation the Ministry Of Truth™️ have decided that instead of acknowledging reality and accepting the mistakes they have made, that the reaction to COVID and the monetary policy as part of it was wreckless, irresponsible and completely insane, that instead they will take the opportunity to redefine what a recession is. Genius. You can’t be in a recession if you change the definition of a recession.
Below is the introduction to the blog post from the White House and it begins:
Incredible. Janet Yellen was questioned about it, and urged listeners not to characterise it as a recession, if the Q2 print was to come in negative.
“A common definition of recession is two negative quarters of GDP growth, or at least that’s something that’s been true in past recessions. When we’ve seen that, there has usually been a recession and many economists expect second quarter GDP to be negative. First quarter GDP was negative, so we could see that happen and that will be closely watched. But I do want to emphasise what a recession really means is a broad based contraction in the economy and even if that number is negative, we are not in a recession now and I would warn that we should not be characterising that as a recession.“
As you would imagine the twitter army had a few things to say about the actions of these delusional central planners. Below are a couple that i enjoyed.
Jokes aside though, because this really is beyond a joke. There is a problem, infact there are many problems. What is abundantly clear is that the incentives that exist are not going to sufficiently motivate the unproductive central planning class to miraculously obtain any kind of conscience and acknowledge it. These people are pathological liars and will continue playing games of word salad to confuse and mislead people if it means avoiding acknowledging truth. These people are morally and ethically bankrupt. They are self serving rent seekers wishing to remain attached tightly to the flesh of their host, and to feed on the life source of it. Just like a parasite does.
They will continue to gaslight you about definitions of vaccines, and definitions of recession.. These people would redefine what it means to murder someone if they needed to.
These are not leaders. They are frauds. Continue to adopt their system at your peril. Fiat is evil, and the fiat pushers that benefit are a burden on humanity. Central planning is toward the core of our problem, and it is not going to be fixed by the very people who continue to benefit disproportionately from it. This system is not going to be fixed from within the system.
If only we had a neutral monetary protocol that these space cadets couldn’t touch, and couldn’t redefine.
AK
#127 The Root Cause