STFU Media. Most of the time the blog I write to describe each podcast, as long term subscribers to the Bob Davis Podcasts know, is written in the third person. Not this one. In the wake of the Paris Terror attacks I am grateful I’m not getting paid to go on the air, flap my jaws, and spread utter nonsense about a breaking news story no one knows anything about as it breaks. This was the case for the weekend of November 13th, as terrorists attacked a theater in Paris, France. What is the total effect of this cavalcade of nonsense? Nothing will happen. There will be counterstrikes which will be pin pricks. Speeches will be given. Statements of ‘solidarity’ will be issued. There will be pledges to bring the ‘attackers to justice’, but that’s all a bunch of bull. These kinds of attacks benefit the media, the state and the terrorists. No matter what our so called leaders tell you, they’re not going to do anything about anything. Instant experts appear on television to pimp their blogs, books and radio shows. Politicians appear to make strong statements of condemnation or to suggest carefully that we ‘avoid the rush to judgement’, and the terrorists claim credit. Everyone wins, right? Given the stellar examples of US Government competence like the VA, the Obama Care Website, Amtrak, and the Department of Education, do we really believe they are going to be able to protect citizens from a bunch of determined terrorists with Ak-47’s, grenades and suicide belts? I wouldn’t hold my breath. As a presidential election cycle approaches candidates are throwing out one liners as ‘solutions’. It’s always someone else who has to ‘do something’. It’s as easy as pushing a button on your car radio, or switching to another cable news channel for the same nonsense under a different label. Except it isn’t. I’ve done several foreign policy podcasts and I have said again and again the United States needs a new foreign policy, and that it isn’t going to come out of a can or box. No one seems to have thought much about that, least of all the voters. The truth? We’re at the beginning of at least a multi decade struggle for our survival and something tells me, we’re still completely unprepared. Sponsored by Ryan Plumbing and Heating of Saint Paul and Pride of Homes.
Snow Storms and Drones. Midweek update on the top stories, starting with the New York Blizzard of the century that fizzled. Now the Governor of New York, Governor of New Jersey and Mayor of New York City look like Chicken Little. A National Weather Service Meteorologist has apologized – profusely – for going so far as to suggest the city be evacuated. This is the same meteorologist who perfectly predicted Hurricane Sandy. Maybe he got lucky, or Pride Goeth Before The Fall. The Justice Department has investigated the death of Michael Brown in Ferguson, Missouri last summer, and has decided – drum roll please – not to press charged against Police Officer Darren Wilson. Will there be apologies from the ‘Hands Up Don’t Shoot’ crowd for lying? Don’t count on it. Remember the fanfare that greeted the release of Army Sergeant Bowe Bergdahl last summer? Almost immediately his brothers in arms said he was a deserter. Now Bergdahl will have to go through a Court Martial to determine whether its true. Bergdahl stands to lose rank and at least three hundred thousand dollars in back pay and benefits. Finally a man described as a drunk ‘federal employee’ lost control of a drone Monday night while he was flying it ‘at an apartment building a few blocks from the White House’. He went to bed, woke up the next morning, heard it had crashed onto the lawn of the White House, and called the Secret Service himself to tell them that, yeah he was the guy. The employee works for the National Geospatial-Intelligence Agency, which provides the NSA and the Department Of Defense with … you know, stuff. This shows what off the shelf disruptive technology can do to centrally controlled structures, like give the secret service another black eye. Just what they need. The President was traveling Monday, and wasn’t at the White House, although his kids were. Sponsored by Depotstar.
Heavy Stories. In the first of two podcasts for the weekend of January 23rd, 2015…the heavy stories. Lots of talk about the State of The Union, whether or not a Republican Congress can govern, factions forming in the House, and all the other static. These stories have obscured for the time being, discussions of the effects of the price of oil. The low price of gas is almost always celebrated by the media as a ‘good thing’ since ‘reductions in the price of gas, act like a tax cut on the economy’. While it is a pleasurable to experience to fill up your tank for less than thirty dollars, throw in a car wash and come away with change from your fifty, we still have a long way to go before the ‘tax cut’ experience kicks in. Suddenly though, the story line has changed. Media outlets and pundits who enthusiastically endorsed lower oil prices as ‘acting like a tax cut’ are suddenly decrying ‘deflation’ in the economy, and writing stories about how deflation can only lead to ruin, and ‘something’ must be done. Meanwhile, the price of beef, milk, cheese, rice and other staples at any store, whether it is a Walmart or a ‘Whole Paycheck’ aren’t ‘deflating’ very quickly. And since wages have not kept pace with even moderate inflation, Americans will need to see further reductions in the rate of inflation (Disinflation) before the celebration begins. And what about those media outlets? Why they have found a new story line … horrible and giant oil companies that are suddenly laying of noble workers in North Dakota and Texas. What will happen when companies start laying people off, due to reduced pricing power? (Editor’s Note: They don’t mention that energy price inputs for companies are also getting cheaper.) Why is the specter of deflation terrifying? Because as money becomes worth more (lower prices mean you can buy more) if you are in debt, it makes paying back the debt that much more difficult. And, the world’s central banks are carrying a lot of debt. So are companies and individuals, and your good old Uncle Sam. Moreover, this nonsense about the United States being economically decoupled from the rest of the world is being exposed. If the rest of the world slips into recession because of bad economic policy and bad monetary policy, and bad political leadership, why would the United States escape the pain, since our policy and political leadership is just as bad as say, Europe, if not worse. This — and many other issues — will also be discussed this weekend at the SD-61 Chili Dinner AND CONTEST in South Minneapolis. Come on out! Sponsored by Mycompletebasement.com. (Editor’s Note: 06:38 Hours: Well, I just google mapped Midland Texas and characterizing it as in the Dallas metro, is a bit of a stretch, in fact it’s more like the splits. Midland is west of Fort Worth, close to Odessa so it really isn’t as to Dallas as Plymouth, Minnesota is to Minneapolis. I seem to remember a trip to Dallas, seeing an exit for Midland and it seemed a lot closer than it looks on the map.)