What a time to be writing an April newsletter! We've picked up a few new readers since last year, so before we jump in here, just a quick reminder that April is the month we let our tinfoil hat flag fly. In previous years, we've looked at The War on Cash, the Looming Pension Crisis, and the Magical Groupthink necessary for our economic system.
In a spooky bit of foresight, last April's newsletter asked you, dear reader, to "put 1984 back on top of your summer reading list". If you didn't, do yourself a favor and definitely put it on your quarantine reading list, because we are there.
What do Machiavelli, Churchill, Rahm Emanuel, and the Washington Post all have in common? This newsletter. This month we'll look at the intersection of the phrases "Never let a good crisis go to waste" (Machiavelli/Churchill/Emanuel) and "Democracy dies in darkness" (WP). Because what we have right now in this country is a very good crisis and a whole lot of darkness. This will be a link-heavy newsletter, as we attempt to shine a light on various things that are actually happening. We leave it up to you to make your own connections and follow the rabbit hole as deep as you'd like.
There is so much fear flying around right now. And we loathe it. We have written about this before, but using fear to compel action is just the worst. And what we have right now is large-scale policy responses born out of fear. There was a meme that was shared with us the other day that we feel is very appropriate:
Back in the USA! And for our first meal in Atlanta after two months, we had...Chinese. Which was delicious, but our fortune cookie said - no joke - “Don’t invest in the stock market. Invest in family instead.” Well played, China. Apparently we have progressed to the psyops portion of the trade war.
But let’s leave China to the side for the time being (until we get into what it means to have the world’s reserve currency) and stick with Europe for another month. Europe is a hot mess.
Let’s start with Brexit. Boris Johnson is brilliant. Well, perhaps not. I mean, he kind of looks like he never outgrew his second year of boarding school where experimentation with sloppy hair and dress was all the rage, which admittedly taints our opinion. But he and/or his advisors (rumor has it Dominic Cummings is largely the brains behind the Brexit tactics) have played this beautifully.
Bonjour mis amis! Cette newsletter arrive du France, ou est cette auteur pour deux mois pour regard le clime economique et political de l’Europe...mais est comme ca truque de “Flight of the Conchords”. Parlez-vous Frances? Eh...no.
So fear not, that will be the end of the French. Language, anyway. The French themselves will be around for a while still. Despite themselves.
We managed to catch part of the Tour de France last week...and by “catch”, I mean there was a parade of...floats? But they weren’t really floats, they were decorated cars. One was a giant chicken. And they going at a solid 20mph, too, not your leisurely float pace. And people were harnessed in to the top/back/sides throwing knick-knacks at you as they whizzed by.
After accumulating a big pile of free loot, you wait and wait and then watch some cars go by with about three times the value of the car in bikes on the roof rack, and then BAM! The riders fly by and are gone in about 10 seconds. There wasn’t even time to look for the different jersey colors, though in hindsight we got a good picture of Peter Sagan and whoever was king of the mountains in Stage 15. There’s probably a nice, drawn-out analogy there between cycling strategy and investing...teamwork, pacing, endurance, and so forth. But that’s not where we’re going with this. No. Instead, we are going to take you on our own little tour of France, and try and discern what makes the French so, well...French.
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