Wednesday, December 29, 2010

Very positive news about my brother

Jack is awake, communicating, using all body parts and cracking jokes already with facial expressions.

He is still intubated as a precaution, so he hasn't spoken yet. It will be great to hear his voice again, perhaps within in a few days. He is sleeping a lot as part of the recovery process. We don't know what the nature or degree of his rehab may be, but the signs at this moment are amazingly, blessedly positive.

Given the early, very guarded feedback from the doctor, we were all preparing for the worst. If Jack's recovery continues to proceed as we hope, we will have received a legitimate Christmas miracle.

Many thanks for your comments and e-mails expressing your prayers and best wishes.

Sunday, December 26, 2010

There may be a brief lapse before the next "Shrugging Out" podcast

My beloved brother Jack, who is exactly one year and one day younger than me, has been laid low by a stroke. He has been unconscious since the morning of Dec 24. His condition is very serious, and the prospects for recovery are unfortunately not good.

Next to my wife Mary, Jack is my closest friend in the world, and I dearly hope he returns to me, his wife and the rest of us, but I am bracing for the worst. Please say a prayer for him.

I will return to the podcast and this blog as soon as I can, as your support means a great deal to me, and I have not lost an iota of my enthusiasm for promoting the "shrugging out" concept as we prepare ourselves for the major events that are coming our way.

Tuesday, December 21, 2010

Atlas Shrugged (the novel), Part 1

Having done nearly fifty shows on the premise of "shrugging out"--and how you should do as much of the "Atlas Shrugged" thing as you can, and be prepared in the modern survivalist sense to 'bug out" of Dodge, wherever your Dodge is--I've decided to do a series of shows on Ayn Rand's epic novel.

This isn't a book report, or something you've already endured in that English class you loathed (or perhaps enjoyed). My goal is to try to understand the struggle between individualism and collectivism with the help of the richness and clarity that Ayn Rand set forth in her magnum opus.

The novel is immense (1,200 pages) and structured in three Parts. Since I want to cover the people and the key moments where the looters and moochers clash with the producers, this project will take at least three shows. There are many stirring and some positively delicious passages, in addition to the timeless lessons on economics and human nature. I have to be selective about it, but there are many things for us all to savor even in the abbreviated format of a podcast.

If you have read and enjoyed Atlas Shrugged in the past, you might want to carve out some time to re-read it. There is always something new to learn, and of course the deep satisfaction of the demise of the collectivists and the transcendence of the individualists is an experience you'll never outgrow. (Imagine what it will be like someday experiencing it for real!)

If you've never read the book, I hope this series whets your appetite. Fair warning: I crash obliviously through any "plot spoilers" that may have existed in the novel when it was first released in 1957. Most people know the general story line today, but if you want to keep yourself in total suspense, set this show off to the side until you have read Part 1, Non-Contradiction.

And one last comment--I am sure that any academic scholars of Atlas Shrugged will find plenty to chuckle about when it comes to my analysis. Their comments are welcome, of course, but if anyone starts rattling off how I am "trapped in the Hegelian dialectic" and stuff like that it will whiz clean over my head, leaving nary a mark. Ignorance can be bliss in some matters. If I do reply, it will probably be to ask the status of your food security preps, in case they are, um, academic. Ignorance in that area may NOT be bliss.
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Sunday, December 19, 2010

Episode 48. Can America Be Cleansed of Collectivists?


I have found myself in more and more arguments with Collectivists these days, so I decided to address the whole subject from top to bottom, stem to stern, in this podcast.

Questions discussed in this show include:
- Are we "all in this together"?
- What exactly is Collectivism?
- Is Collectivism a slippery slope, always leading to tyranny?
- Who are the Collectivists? Bearded Marxists, or everyday people?
- What causes Collectivism? Is it in our DNA?
- What makes Collectivism immoral?
- What can we do to cleanse America of Collectivists?

Listening to this show, I think you will come away better equipped to fend off the Collectivists you know, educate open-minded people about the evils of Collectivism, and help shrink the population of Homo Collectivus.

Individualists of the world, disperse!

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Saturday, December 11, 2010

A "rich guy" explains why taxing the rich doesn't work--they will "shrug out"


Karl Denninger at The Market Ticker is a good daily (or even multi-daily) read.

This post by Karl describes why America can't save itself by taxing the rich. Two reasons: Number one, they don't have enough money to close the budget deficit. Number two, as Karl pithily explains, after describing the incredible amount of work and sacrifice of personal time needed to create and sustain an entrepreneurial venture:
"There have been plenty of years where I've written really big checks to the IRS, and not all of them were related to MCSNet. The last few years have been pretty good. But this much I can tell you - if the government was to, for example, tax everything I made at 90% beyond $200,000, I would never make more than $200,000 a year again. Ever. I will not work hard to earn that money only to turn 90% of it over to the government.
...
"The motivation to do this - to take the risk of material loss of one's capital and to trade one's personal life off like this instead of being a working drone that works for "the man" from 9-5 and then comes home to watch "Dancing With The Stars" - is money. Remove that motivation by confiscating what I earn and I will stop doing it and sit in my hottub drinking Cognac or fishing every day instead - that's a promise and a fact, and your illusory "tax revenue" will fail to materialize."

Good on you, Karl, you're exactly right. Soak the rich, and they will stop pulling the cart.

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Thursday, December 9, 2010

NY Times Warning: Blue State Armageddon On The Way

This is definitely Signal (versus noise): The coming fiscal catastrophe for "blue states" like California, New York, and Illinois.

Read the original article in the NY Times (!), or this analysis. Take your pick.

Outsized welfare programs, excessive regulatory environments, out of control public sector unions and all the rest are finally adding up for would-be buyers of state bonds, and they are voting with their checkbooks.

Wednesday, December 8, 2010

Episode 47. Signals Versus Noise

What do whales have to do with the Shrugging Out Podcast? Have I gone all "Save the Whaley" on you?

Of course not. (Aside: Which person in history did more to save the whales than anyone else? Answer: John D. Rockefeller. He was the most important figure in the rise of the petroleum industry, eliminating the demand for whales as a source of oil for lamps and other uses.)

This show is about the incredible, overwhelming, and downright crazy wave of news that has washed over us the past couple weeks. What do we do with all of it? Which stories should we pay attention to, and which should we ignore?

The vast majority of what passes for news is not much more than noise. But amongst all that noise, there are a few important signals that we need to be paying attention to. This show talks about them, and may give you a few useful pointers on what you can safely filter out, and which items should get your full attention.

Sorting out the signals from the noise. Whales do it, and so can you.

Wednesday, December 1, 2010

T.L. Davis, author of the Constitutionalist, on the beginning of the end of the Tea Party's dreams

Came across this today, and had to share it--a great post by T.L. Davis on how the Republican leadership, fresh from their Tea Party-stoked triumph a few weeks ago, is already starting to backpedal from positions conveniently taken to win the election.

As T.L. puts it beautifully,
"If there was ever any suggestion that the people could lean back and watch the 112th Congress do our bidding, today completely yanked that comforter out from under the napping cat."

What have we been talking about for the past year, my friends? Participate in elections if you must, but don't count on anything changing.

The Democrats and Republicans are simply two rival gangs of train robbers fighting over who gets to rob the train. The train is barreling along at top speed, we're all on it, and up around the bend the bridge is out.

Friday, November 19, 2010

Episode 46. Liberty versus Security and the TSA


It looks like the tradeoff of liberty versus security playing out in our nation's airports has finally crossed the line for enough people.

Most people, unfortunately, have missed the point about the TSA and all the x-raying and groping. It's not about keeping us safe, it's about making the government bigger and more powerful.

In this podcast, I talk about:
- The proper perspective on the risks of air travel
- Why if the Islamic Jihadists didn't exist, we would have to invent them
- The history of airline security and how it has evolved
- What's REALLY been happening since 9/11, and
- What we should be doing instead of naked body scanners and genital groping.

Wednesday, November 17, 2010

Episode 45. Steve Forbes, How Capitalism Will Save Us


A brief (10 minute) podcast on a topic I thought you might find interesting. Note that this audio podcast is also available as a video podcast on my rarely-used You Tube channel.

I can't use the audio or video, but I was present for a very recent talk by Steve Forbes, perhaps the most famous capitalist in the world, and afterward I had an opportunity to interview him briefly on camera.

He spoke about his new book, "How Capitalism Will Save Us" and he gave his perspective on the problems in today's economy and how they will be resolved. His underlying assumption is that rationality will emerge among the political class, driven by the reawakening of the American people.

Steve Forbes is warm and friendly in person and self-deprecating in his public speaking. He referred to himself multiple times as "Pollyanish" in his optimism for the future. There is no doubt that capitalism and free markets could save us. The question is whether they will be given a chance to do so. (I asked him that question on camera, and he gave an interesting answer, which I describe in the podcast.)

We share Forbes' long-term optimism for America, though in contrast with his sunny view of the transition, we do not expect rationality to emerge. To the contrary, we expect the Dependency Culture (and the Parasitical Elites who use them as human shields) to hang on for dear life, until a very messy crash rids us of their destructive nonsense. It is after the collapse occurs that we will have a reasonable chance to rebuild and give birth to our vision for "New America".

Sunday, November 14, 2010

TSA encounter at SAN

<Insert title here>: TSA encounter at SAN
I think we can call John Tyner a hero. I do.

Episode 44. Tom Baugh's "A Plus B Equals Your Worst Nightmare"


Well this may have been more timely for Halloween, but regardless, in this podcast I read and comment on Tom Baugh's latest article about a truly scary potential terrorist attack on New York City.

Motivated perhaps by the damaging economic policies of our government, another government (or sufficiently wealthy individual) funds an undetectable, low-tech, slow-rolling nuclear-based assault on the financial capital of the US. Within weeks, tens or even hundreds of thousands become stricken and die from radiation poisoning.

Is it possible? I am presuming it is, and in absence of a real strategy, I am hoping that if it is possible it is at least very unlikely that we will be attacked in this way. I'm hoping that the fear of American retaliation puts this off limits to any government or organization tempted to try it.

Tom's article is also a great read--it reminds me of Tom Clancy's description of the first moments of a nuclear explosion, in The Sum of All Fears.

Friday, October 29, 2010

Episode 43. Let's Dream About New America

An upbeat episode for a change!

We may be headed for a massive crash, but on the other side lies our deliverance: An opportunity for us to remake these United States of America into a new America. An America that actually lives up to the true founding principles.

As terrible as the collapse will be, there is a very bright spot amid the gloom. The collapse will allow us to shed the accumulated collectivist crap of the better part of the last century. We can usher in a new age of individual liberty, personal responsibility, self-reliance, the rule of law, and respect for private property.

Think about that--no more Dependency Culture--at least for a while. A good long while, if we do it right.

What can we look forward to shedding, and what will replace it? Nothing less than the original American dream--if we can just make it through the crash. So keep prepping, and dream a vivid dream of New America.

Sunday, October 24, 2010

Episode 42. What the Election Will Bring


In this episode, we review the conventional wisdom dominating the discussion of the election on Nov. 2.

And then we go over the unconventional, Shrugging Out wisdom about the big contest.

A lot of people have a lot of themselves invested in this election. Many of them will be disappointed 6-12 months hence.

Sunday, October 17, 2010

Episode 41. The Cycles of History Explain What is Happening


It's been a while since I've talked about John Xenakis, the founder of Generational Dynamics, and his theories.

Generational Dynamics explains the flow of history as stemming from the flow of human generations. The dreams and fears of each generation are shaped by their experiences as young children--growing up amidst privation, a generation learns risk avoidance, and to "save for a rainy day". Growing up amidst plenty, a generation becomes highly tolerant of risky behavior, not having experienced its downside.

As each generation matures and assumes leading positions in society, business, and politics, their deep-seated attitudes end up controlling, to a large extent, how entire nations operate internally, and how they interact with other nations around the world.

Unlike other theories of history, Xenakis' Generational Dynamics explains why the stock market took a dramatic upswing in 1995--not 1980, not 1990, not 2000, but 1995--and has remained well above where non-generational forces would put it today. (According to Xenakis, the stock market is about twice the value it should be, and is destined to suffer a massive and long-lived crash in the near future.)

The generational cycles of history--major, genocidal crisis was separated by 60-80 years--are explained simply and clearly by generational dynamics. And unfortunately for us, our last crisis war was seventy years ago.

Learn more about the theory, its founder, and what it tells us about what is happening today and why in this podcast.

If you haven't yet, you might also listen to my three-part interview with John Xenakis, beginning with Episode 23.

Tuesday, October 12, 2010

Episode 40. Liberties We Have Lost.

A very dear and close friend challenged me the other day to, "Name one liberty that we have lost, just one." That led to a very long and interesting discussion and to this podcast.

In this podcast I quote from an excellent post by Gary D. Barnett on the lewrockwell.com web site. Mr. Barnett's post is entitled, I’m Fed Up with Constitution Worship, and it is an outstanding recap of Episode 38 of this very podcast (coincidentally, of course). You'll love his take on what I now believe is the uneducated and unfortunately widespread worship of this parchment. His closing sentence is also memorable:

"I will put my faith in God, not men. I will have faith in freedom, not constitutions. Our salvation and return to liberty lies not in faith in men residing in the halls of congress, but in our belief in us as free and sovereign individuals."

In a discussion thread I found on a link I've since forgotten, another very smart fellow self-identified as "THINK" also educates fellow posters about the true role of the Constitution, and how the Bill of Rights, though valuable, was simply an add-on demanded by the states and the people to secure their agreement to ratify. Here is his brilliant and disturbing quote:
"The Constitution is a vehicle to promote capital investment by foreign governments and wealthy individuals into the American experiment by having a federal government willing to take on liability for a return on said investments."

Strangely enough, and perhaps disgustingly, even when it comes to the Constitution, you need to "Follow the money."

In the last segment of the podcast, I review the actual text of Bill of Rights, and discuss specific liberties lost over the years, up to the year 2010. It's quite a long list, sobering actually, and yet a limited, partial list at best. Today we have very few of the freedoms envisioned by Thomas Jefferson and lesser-known men who opposed the replacement of the Articles of Confederation to no avail.

This show lasts a bit over an hour. I seem to be growing more long-winded over time, but I hope the great content makes up for that.

Warm regards,
Pete
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Sunday, October 3, 2010

Episode 39. The top 100 items that will disappear first when the SHTF


I came across this list of prepper items on LewRockwell.com and since I'd recently done a show on disaster preps, I thought I'd go through this list and talk about items that I didn't have had on my relatively abbreviated list. (And by the way, be sure to go to the Lew Rockwell site, bookmark your browser, and check it out periodically. I'll add it to the list of links from my blog while I'm at it too.)

The list was compiled by "Mr. Smashy" from a forum discussion held on SurvivalCache.com (yet another site I recommend). Although it's technically not a prepper list but rather a list of things most likely to disappear from store shelves, pretty much every item on this list is either vital or useful in a Stuff Hits the Fan (SHTF) situation.

The most useful thing about this list or any other is the THINKING it provokes on your part in preparing yourself and your family. Every person's situation is unique. Think through your situation, where you live, the weather and climate extremes, the availability of nearby natural resources, and your own knowledge and skills, and prepare accordingly. Let your mental preparations guide your physical preparations.
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Tuesday, September 28, 2010

Episode 38. The Constitution--Obsolete? Or obstacle to liberty?


A watershed podcast for your slow-learning correspondent.

Answer this important question, if you can: Do we have the current national government we have, as bloated and oppressive as it is, in spite of the Constitution, or because of it?

Hologram of Liberty is a remarkable book by Boston T. Party (Kenneth W. Royce) providing ample evidence that the winning side of the Framers' struggle planned and fought for exactly what we've got. Well, maybe they didn't envision full-body scanners in airports, but they created a model of centralized government that SEEMED to limit its power, and yet upon further review the "genius" restraints have been revealed as shockingly weak, easily broken or bypassed.

This was by design. The men of that time had theoretical and personal interests in creating a strong central government.

We've been trained (those of us who were actually taught about the Constitution in school) to revere the Constitution and the Founding Fathers who created it. These angelic men, put here among us by Providence at a key moment of history, created the most perfect document of self-governance ever conceived. Right?

If Providence had seen fit to send us nothing but Thomas Jeffersons for the past 200 years, then maybe the rose-colored glass version of the Constitution would have prevailed. Instead, the raw-nature-of-man rulers kept coming, and we've ended up with the Federal Reserve, the IRS, the EPA declaring CO2 to be a dangerous pollutant, and all manner of central controls that substitute collectivist crap for individual liberty.

The lesson? Be careful what you hold in reverence, for it may prove unworthy.

Oh, and there is always a villain, in this case, the despicable Alexander Hamilton. Aaron Burr was a couple of decades too late, if you know what I mean.

P.S.: A thanks to early listeners who caught a couple of verbal slips on my part--I talk about how the Judicial branch is like the "sheep guarding the hen house." Whoops, should be fox, not sheep, of course. And in the midst of a soft-voiced tirade against Alexander Hamilton, I slip up and say that (James) Madison initiated the First Bank of the U.S. It was, of course, the loathsome Hamilton. (Of course, Madison was also a Federalist, and architect of much of the structure of the national government, so no love lost on him either.)

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Tuesday, September 21, 2010

Episode 37. Hope You're Paying Attention to What's Happening


My dear friends, we are living in the gloom of a swiftly gathering storm. Five articles summarize our plight from several perspectives:

- The US central role in the coming global economic meltdown: It's almost a scene from a bad B-movie, with Ben Bernanke's hands on the detonator, holding China, Europe, and other economies hostage to the fate of the value of U.S. Treasury bonds. "Keep buying our debt, or we'll repudiate it with inflation, and take you down with us!". Reminds me of the old joke: When you owe the bank a thousand dollars you're in trouble, but when you owe the bank a million dollars, the bank has a problem. (Link to this article)

- Inflation or deflation? That is the question. Is it possible we will have both? (Link to this article)

- Debunking the great myth of US consumers deleveraging. Everybody knows that people have quit spending, right? They've gotten the message on austerity, fiscal discipline, and all that, right? Wrong-o, according to this article.

- The Committee to Wreck the USA, or what is the real solution to the economic crisis? The committee proposing to wreck us, instead of them, comprises the big banks that made foolish mortgage loans. Erik Janszen proposes, as he has for a while, a mortgage cramdown on lenders as a way to wipe out the mortgage debt overhang acting as an anchor on the US economy. Interesting concept, but does it have a chance given the Washington connections of the big banks? (Link to this article.)

- Fort Worth Pension bubble will blow up in our faces. A local story, for me anyway, about how your average decent-size city, even in a conservative stronghold like Fort Worth, succumbed to the siren song of public sector unions, and will wind up bankrupt soon as a result. A model for hundreds, and potentially thousands of local, county and state governments all over the US in the coming months and years. (link to this article)

What is the lesson from all of these stories? It is to prepare, seriously, for the economic collapse that is coming. Denial is a powerful force, and you MUST leverage your love for your family and friends into the will to persuade the doubters among them to take steps now, immediately, to prepare. Everything we do these days is being done under the shadow of a looming financial (and societal) crash that will rival the one experienced by our forebears (but by none of us) during the Great Depression.

Wednesday, September 15, 2010

Episode 36. Labor Day, that collectivist joke of a holiday


Well, Labor Day for this year is in the rear view mirror, and considering its history and what it celebrates, good riddance.

Sure, everyone loves a "free" day off, but we would be better off celebrating Adam Smith Day, which would represent the miracle of economic freedom and the free exchange of value between individuals and organizations. Something much better than extolling the worthless collectivism of modern organized labor.

The modern labor movement is nothing more than the application of political coercion where free markets would normally be much better for all concerned. Monkeys who want something for nothing won't understand that, but the intelligent listeners to this podcast certainly will.

I talk about a real world example (of which I am intimately and painfully aware) in which a labor union organizes a small, successful business, harming the business substantially and ultimately resulting in the loss of worker jobs and net reduction of economic value to the town and all involved. All except the union organizers, of course, who end up laughing all the way to the bank. Ho, freakin', ho.

Sunday, September 12, 2010

Episode 35. Tom Baugh on restoring the Constitution


Is the USA like a dilapidated old house we can restore to greatness by returning to Constitutional principles? Is the Constitution a document about individual liberty? How did the Constitution actually come together, and what did it accomplish in the eyes of some of the key people involved in its construction?

Tom Baugh, author of Starving the Monkeys (the number one book on the Shrugging Out reading list), explores these and other questions in his second visit to The Shrugging Out podcast.

Tom cites research documented in Boston T. Party's (aka Kenneth Royce) book, "Hologram of Liberty", another book sure to appear soon on the Shrugging Out reading list.

Tom also describes a number of projects he is working on to help people prepare for the coming crash.

An eye-opening show for me, and I hope for many of you too.

P.S. Listenership of The Shrugging Out Podcast continues to grow, and I have to say that I am both inspired and humbled by that. Thank you so much for taking time to listen. I also greatly appreciate the e-mails I've received that have encouraged me to continue, provided me interesting information for the show, and have challenged me to consider alternative ideas. Very smart and very independent thinkers listen to The Shrugging Out Podcast, that's for sure!

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Monday, September 6, 2010

Episode 34. A Republic, if you can recreate it


What SHOULD America be Like? We weren’t able to keep Ben Franklin’s republic the first time. But how might we recreate it?

A republic is a form of government in which the people being governed retain control. America became a runaway democracy in the 1930s.

The Constitution did a pretty good job for nearly 200 years--what was wrong with it? What happened to undermine it? And should we convene a new Constitutional Convention to try to write a better document? Or is this a bad idea?

What can we do to recreate the Republic we once were? Hint: It involves an immense but rarely-considered object, the US Code.

What would we have, and what would we NOT have, if we hit the giant "reset button" in the sky and restored republican (small "R"!) to our federal government? And when will be the most opportune time to do that?

(Minor note: In the podcast I say the Constitutional Convention ended in July 1789, but it was July 1787. A mysterious slip of the tongue, since my notes had the correct year.)

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Monday, August 30, 2010

Episode 33. Another Week Closer to the Edge of the Cliff--Keep Prepping!


Have you noticed just how "mainstream" the looming economic catastrophe has become? It's become practically routine for everyday reporting and commenting in the mainstream media to relate that, ho hum, a major economic crash is right around the corner.

So we turn our attention in this show to prepping yourself and your family for living through a scenario that I think is pretty likely in an economic meltdown that disrupts the flow of basic commodities.

And along the way we tweak the usual suspects--the collectivist monkeys (whom we will eternally resent for causing the crash), and the leftist elites who think they are geniuses but are merely mean-spirited and dumber than a bag of hammers, when it comes to economics and human nature.

I hope you enjoy this week's trip on the American bullet train into the fiscal box canyon, while we discuss preparations in the categories of:
- Security
- Water
- Sanitation
- Food
- Shelter
- Currency
- Fuel
and a host of miscellaneous necessary and useful items.

News you can use, I think, given how the crash seems to be getting more and more inevitable, more and more tangible, and closer and closer in time as the days and weeks fly by. These are vital actions, my friends, things you must do now, to assure that you are prepared.
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Monday, August 23, 2010

Episode 32: Restore the Constitution?


Tom Baugh, author of Starving the Monkeys (the "one book read" for the Shrugging Out philosophy) was on the agenda for a recent "Restore the Constitution Rally" in Greensboro, NC. Unfortunately the other speakers consumed almost all of the time, so he wasn't able to give his speech as written.

So I asked Tom if he would mind me reading the speech (published here) in its entirety on the podcast. With his permission, I do so in this show. I add some commentary at the end, of course.

Tom's speech is both remarkable in an objective sense, and is unsurprising coming from him. It is highly controversial, yet very clear, logical, and difficult to refute.

One of Tom's main points is that the Constitution is not so much a document about liberties as it is a document about the power of the national government over the states, and over us.

I think if Tom had been able to give this speech, many in attendance would have been taken aback by some of his points, but the open-minded among them would recognized the wisdom behind them.

One last item for Shrugging Out listeners: I hope to get Tom Baugh to join me for a podcast recording session in the next week or so. I'm eager to get his latest status on the Starving the Monkey project, and I'm sure you are too.

Monday, August 16, 2010

Episode 31: The Constitution of Liberty




Back from vacation, and back with a different sort of show...we examine the lives and philosophies of two 20th century giants in the articulation of individual liberty.

Ayn Rand, whose work "Atlas Shrugged" was a key inspiration for The Shrugging Out Podcast, provides the moral grounding, and a vivid vision of the results of individual liberty applied to all aspects of life. We review her life and her philosophy of Objectivism.

Friedrich Hayek, an enormously influential thinker and economist of the last century, provides hefty flesh to the concept of individual liberty, especially as it applies to free markets.

It's important that we all understand the logical underpinnings of liberty, so that we can counter the arguments of misguided do-gooders who don't understand that their attempts to remove economic inequality from the world inevitably introduces the specter of tyranny.
------

Sunday, August 1, 2010

Episode 30. People Are Waking Up


I almost lost my job this week, and I talk about what happened and how I managed to stay valuable and keep my job (for now) in spite of my position being eliminated (the other people in the same position are on the street, unfortunately).

I talk about how people are waking up to the crisis that is coming with America's unsustainable federal spending and levels of debt, and how this concern is becoming mainstream.

Three articles illustrate the situation:

- An editorial by "Terrible Ted", Ted Nugent, "It is us", which places the blame for the Obama regime and the latest epic tug on the ratchet of collectivism squarely on the American people. It is our job not to allow ourselves to become duped.

- An editorial by Niall Ferguson entitled "Sun could set suddenly on superpower as debt bites" about how history may well not be slow and cyclical, but may be arhythmic and sudden, and that the collapse of the US may come quickly.

- A thought piece by Paul Craig Roberts entitled, "The Year America Dissolved", which places our demise (and the takeover of control by local police-run clans) in the year 2017, a scant seven years from now.

Whatever is going to happen, we're reminded to stay valuable, stay flexible, and pay attention to what's happening.

Friday, July 23, 2010

Episode 29, Shrugging out from Pebble Beach


My job takes me to the unusual confines of Pebble Beach. So naturally, I do a podcast!

It's about current events, mostly, and a bit about what is and isn't important about real estate and living locations in a survival setting.

See also the video version of this podcast on YouTube.

Wednesday, July 14, 2010

Episode 28: Unexpected Listener Forum


Wow, I still can't believe this happened.

Two listeners from halfway across the country come to the Dallas-area on business, and they contact me, we meet, have dinner, and record a podcast together.

We talk about food, firearms, Don's 72-acre rural bugout location, microhydro power (which Don uses to power his home from the year-round stream on his property), Bob's hurricane bugout preps, working with spouses at various stages of readiness, and other topics.

Many thanks to two kindred spirits with great initiative, Don and Bob, for making this a unique and fantastic show!

Saturday, July 10, 2010

Episode 27: The "Other Half" of Shrugging Out


One half of Shrugging Out is reducing your contributions to the "Dependency Culture". The other half is about preparing yourself and your family for the crash. I focus more on the latter in this show, while making my way through a number of points, including:

- A brilliant post by "Redpoll" forwarded to me by a listener in response to a column by Bob Unruh entitled "Obama Has the U.S. Economy in a Death Spiral". Redpoll likens the incredibly widespread dependence on the government to drug dependency. Sound familiar?

- How is one of the two major tenets of the Shrugging Out philosophy--voluntarily shrinking your "co-dependency footprint"--being overtaken by another process?

- Why, depending on your situation, should you focus on the other major tenet of the Shrugging Out philosophy, preparing for the oncoming crash?

- What is one of the very best resources for preparing yourself and your family? (It's The Survival Podcast by Jack Spirko.)

- What are the basic preps any "Shrugger" should make?

- What scary new developments are happening in the world of gangs that you should be aware of?

- What are some of the things we can all look forward to after the crash, assuming we survive? (Tease--one of them comes from a July 4 Jay Leno "Man on the Street" segment.)

- What type of world that most of us are familiar with might return after the crash (stripped of Hollywood drama and nostalgia, of course)? And why is that actually important to you, in terms of what you should do to prepare?

Tuesday, June 29, 2010

Episode 26: Commentary on Generational Dynamics


Is John Xenakis right? Does history repeat itself, after a fashion, in four-generation cycles, climaxing in a series of Crisis Wars every 60-80 years?

Does Generational Dynamics pass the average person's tests for sensibility, simplicity, complexity, confidence, mathematical rigor, and accuracy?

How does Generational Dynamics stack up against better known theories of economics and society?

How is Generational Dynamics like the great science fiction author Issac Asimov's short story, "Nightfall" (I did this one from pure memory folks--missed a few details, but what a great story by Asimov, and how eerily does it fit GD? Very!

Why is everyone talking about the the coming crash, even famed economist-slash-dunderhead (ah, but I am being redundant) Paul (Wolfman) Krugman?

Wednesday, June 23, 2010

Episode 25, Interview with John Xenakis, founder of Generational Dynamics, part 3 of 3


Here are some of the questions I ask John in this episode:

- Is it possible to predict when the crash will happen?

- What is happening in Europe, from a Generational Dynamics perspective?

- Will there be hyperinflation in the US?

- Can there be a Crisis War without the use of nuclear weapons?

- What is The Singularity (when computers able to design and build themselves become smarter and more creative than humans?

This concludes a fascinating two hours with John Xenakis and Generational Dynamics. Check out all three parts elsewhere on this blog. And be sure to post your comments, or send me an e-mail at shruggingout@hotmail.com. What do YOU think of Generational Dynamics?

Many thanks, John!

Monday, June 21, 2010

Episode 24, Interview with John Xenakis, founder of Generational Dynamics, part 2


In part 2, John explains why crisis wars almost always occur during the Crisis Era, what role Thomas Malthus plays in Generational theory, what is driving the European financial crisis in Generational terms, whether America's crisis war will be a civil or global war, and what the future holds for China based on the Crisis Era that country finds itself in today.

Saturday, June 19, 2010

Episode 23: Interview with John Xenakis, founder of Generational Dynamics, Part 1


You've heard me talk about Generational Dynamics on many episodes of the podcast. Well, this time, we hear from the founder of the theory himself, John Xenakis.

From his website: "John J. Xenakis is an MIT grad, a journalist, writer, technologist, researcher and analyst who became interested in study and analysis of world history and how generational changes over the centuries have led nations into everything from humiliation to greatness. The result is Generational Dynamics, a technique for analyzing history and for understanding how nations change their beliefs and attitudes as generations change."

In part 1, John describes the basic theory, how history follows the flow of human generations, how Generational Dynamics explains major events in modern American history, and how it predicts the the next crisis that is coming soon.

Monday, June 14, 2010

Episode Naught: The "Kiddie Pool" Garden


Not really an episode of the podcast, but here is a video of Shrugger's backyard vegetable garden. Mini-garden, really. This summer's garden is a test, with scaling up later this year in prep for next spring and summer to follow.

This video has a simple how-to: How to set up a "kiddie pool garden".

Check out the video (about 6 minutes long) on YouTube.

Monday, May 31, 2010

Episode 22: Memorial Day--They Died for Our Liberty (not Collectivism)



We begin by honoring and recounting the blessed American military heroes who died to keep us free.

We examine the oaths of service sworn to by millions of past and current soldiers, sailors, airmen, marines, and guardsmen. What did they swear to protect? Hint: It wasn't a king, or a person, or even a government.

We listen to some timeless truths from the greatest president of modern times, Ronald Reagan. From his January 1981 inauguration, and from his speech at Pointe du Hoc on the 40th anniversary of the D-Day invasion.

We consider the domestic enemies of liberty--the Collectivists among us, the ones who foster and promote the Dependency Culture, and the role played by the detestable Parasitical Elites.

And we discuss our duty to the memory of those who died for our liberties to fight to keep them, and how our the crisis we face today will not require of us the same sacrifices they made.

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Tuesday, May 25, 2010

Episode 21: My One and Only Gun Show (audio only)



Based on a viewer's request, I expand (briefly) on the couple of mentions I've made of guns in prior shows.

You won't learn much about guns if you already have a few, but you'll get the "Shrugging Out" perspective on them, sure enough.

And yes, that is a pic of my Glock 19, in OD green. Reviewed not long ago on the Gun Review Podcast.

Many thanks for listening!

Episode 21: My One and Only Gun Show (video version)


Based on a viewer's request, I expand (briefly) on the couple of mentions I've made of guns in prior shows.

You won't learn much about guns if you already have a few, but you'll get the "Shrugging Out" perspective on them, sure enough.

And yes, that is a pic of my Glock 19, in OD green. Reviewed not long ago on the Gun Review Podcast.

Many thanks for watching!

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Sunday, May 23, 2010

Episode 20: What Have We Learned?


In the first 19 shows, we've covered these topics:

Ayn Rand and her epic novel, “Atlas Shrugged”. The lesson is that the industrious and creative people in society have a choice. To explain that choice, I like to use the analogy of the oxcart. The productive and creative among us are pulling the cart, and the dependents (and their parasitical elites) are riding in the cart. Are the people in the cart grateful to the oxen? Of course not. Do they think we oxen will ever stop pulling? Nope. But unlike the oxen, the people pulling society’s oxcart aren’t just performing dumb labor. It is our intelligence, our initiative, and our industry, that keeps society’s oxcart moving. We can stop pulling any time we like, if we want to badly enough. Once enough of us do that, the free ride is over, and the whole rotten Collectivist mess will come crashing down.

Collectivism, individualism, and the TRUE nature of man. The forces of Individualism and Collectivism have been in conflict since the dawn of mankind. Individualism leads to prosperity—not necessarily for all, not equally distributed—but it results in the greatest measure of prosperity and happiness for the largest number of people. It promotes a climate of productivity, opportunity, and personal charity.

Collectivism offers the false promise of equality of outcome, but eventually replaces prosperity and inequality with tyranny and universal misery, meted out by the handful of elites at the top. Collectivism is ultimately self-destructive. Individualism is not, not directly, but it is susceptible to the temptations of Collectivism.

Here’s a quote from an editorial in the Washington Times by Arthur C. Brooks, “America’s New Culture War: Free Enterprise vs. Government Control”, Sunday, May 23, 2010:
“America faces a new culture war. This is not the culture war of the 1990s. It is not a fight over guns, gays or abortion. Those old battles have been eclipsed by a new struggle between two competing visions of the country's future. In one, America will continue to be an exceptional nation organized around the principles of free enterprise -- limited government, a reliance on entrepreneurship and rewards determined by market forces. In the other, America will move toward European-style statism grounded in expanding bureaucracies, a managed economy and large-scale income redistribution. These visions are not reconcilable. We must choose.”


This is a FALSE choice. You can choose the collectivist route, but only for a little while. That route eventually leads to its own demise. Mark Steyn refers to the death-bed demographics of Europe. Germany is only RELATIVELY financially sound. They won’t be able to afford their social welfare program once the current crop of aging German workers hits the retirement rolls. In reality, Germany is just a bit higher up on the slippery slope of unsustainable collectivism. Once Greece, or Portugal, or Italy or some of the others slip into the well, Germany won’t be far behind.

It’s really not necessary to dig much more deeply into the philosophical schools of thought on how societies of man should be governed—that was brilliantly done over 200 years ago, in the founding of the American nation. The tragedy since then has been the incremental undoing of the Constitution’s protections for the individual, and replacement of liberty, responsibility, the rule of law, etc. with accumulated Collectivist ballast.

The unfolding of history, however, and the unavoidable demise of Collectivism, will eventually provide us with an opening to restore the fundamental principles expressed in the Constitution, if we are prepared.

The flow of events—Short-term chaos, long-term trends. Greece is only the most recent example of the philosophical and literal bankruptcy of Collectivism. Greece is an oxcart that has broken down, and now the rest of Europe is going to see how long they can pull it (and their own oxcarts) before another bigger cart breaks down.

That’s the long term trend ahead of us: A series of ever-larger bailouts and prop-ups, leading inevitably to massive collapse of the global economy. The events that will trigger this collapse will probably unfold as a series of minor disasters—financial, social, or natural—that will defy precise forecasting, but will build quickly in scale and impact. Panic will start small but will eventually become universal. The collapse itself may be shocking in its speed.

It is possible—just possible—that we will as a nation come to our senses and, through a massive reversal in mindset, undo the collectivist trap that we’ve been sliding into, and manage to isolate ourselves from whatever happens in Europe, China, and the rest of the world. But the overwhelming odds are that we will just keep sliding along until it is too late.


Generational Dynamics.
GD explains the cyclical unfolding of history more accurately than prior theories. The flow of generations drives events more powerfully than leaders. As young children, a given generation is widely “imprinted” with the same visceral experiences which color their interpretation of events and animate their actions for the rest of their lives. Generational flow creates and drives our societies, much more powerfully than any leaders that emerge (the generational flow actually shapes the leaders that emerge, and drives the events that carry them, and us, along.)

Example: The generation that experienced the privations of the Great Depression grew up as relatively cautious, frugal, risk-averse adults. As they retired, the organizations they led abandoned their more austere ways, taking more risks, because they did not experience (they were actually sheltered from) large-scale economic and social failures and their consequences.

This explains the sudden rise in the stock markets since 1995, as risky ventures and loose lending practices went mainstream. This led to the creation of ever more risky financial instruments and the massive upswing in government overspending in the past decade, despite the consequences that lay ahead.

The “crash” of 2008 was just a warning of what’s coming—and we haven’t heeded it. If you lost your job and haven’t found equivalent work again, you suffered badly. And the majority of people who did not lose their jobs still lost something—the paper value of their homes, their investments, and confidence in the future. But many of the same practices that led to what was really a mini-crash have either come back or are coming back. Memories are short, and the power of denial is very strong.

I offer a simple example as proof—during the worst recession in decades, filled with warnings of the dire consequences of the already obscene levels of government debt, we accepted without much protest the addition of a new, giant entitlement program, government-run health care. Oh sure, it wasn’t advertised as that, but the majority of Americans are smart enough to see what will happen once the government takes a bite this big out of a major industry. The bill was signed into law in spite of polling that made it very unpopular. If the crash of 2008 had been much bigger, that could never have happened. The real crash, the big one, is still ahead of us.

Don’t bet your future on political change. Participating in political movements, such as the Tea Party, or promoting specific political leaders, may improve things a bit, but are more likely to give you a false sense of security.

If you think we can accumulate enough political power to reset the Social Security retirement age to 80, cancel Medicare, replace the IRS with a flat tax or national consumption tax, remove the federal government’s financial and regulatory control of education, energy, housing, medicine, labor, and agriculture, if you think we can remove the systematic over-regulation of trade by restoring the Commerce Clause to its original intent, then good for you, but I have to say the odds are strongly against it.

An outcome significantly short of that will just delay for a while the inevitable fiscal collapse of the US government, which will take down the rest of our society along with it.

Go ahead and protest, go ahead and campaign for conservative or libertarian candidates, but don’t let it be the only thing you do about our situation, which is increasingly dire.

“Shrugging Out” combines the concepts of Atlas Shrugged and Modern Survivalism. It is an active program for shrinking your support for the Dependency Culture and becoming more independent. Simultaneously, Shrugging Out improves your capability to survive the collapse that is likely coming, and to prosper in the transformed world that will follow the collapse.


“Galt’s Gulch” is not a place you can escape to.
It’s not a place on the map. Any such place would become a target for federal (or even state) authorities. For most of us, Galt’s Gulch won’t even be something as desirable as a family retreat far from the city and its suburbs. For most of us, Galt’s Gulch will be wherever we are right now, because it’s an idea, really, a state of mind. It’s about viewing ourselves and those around us as individuals capable of producing value, and freely trading value for value, based on our knowledge, our skills, and our industry.


The most important modern survival tool is your mind.
The most important “prep” is preparing to be valuable in a radically changed world. You may survive the relatively short chaotic unfolding of the crash, but lose all your possessions—what will you do then? Will you be able to produce value for others so that they will trade with you, or will you depend on charity? Or worse: Will you turn to fraud & theft?

What does it all mean?

I’m doing this show because there are a lot of us who can see what’s going on with the Dependency Culture, collectivism in America, and where it is taking us. We’ve put up with it long enough, and we’re starting to reach the limits of our tolerance. Our power is limited. The Dependency Culture outnumbers us. But ultimately, we do have power over what we choose to do with our lives. They can’t make us pull the oxcart without our permission. In my own small way, I’m giving a voice to those of us who have had enough, and I hope I’m also giving encouragement to people to change their lives, and stop pulling that oxcart, or at least stop pulling so hard.

The path I advocate for you is simple to describe, but difficult to do.

It may seem to be pessimistic, gloom & doom, but I say the alternative is simply naïve, and ultimately nothing more than dangerous, willful denial.

Shrink your desire for gadgets and things. Rethink what is truly valuable, including where you live, the vehicle you drive, the schools your children attend, your belongings, your investment, and anything else that chains you to a life that mainly serves to prop up the dependency culture, and which is destined to fail miserably.

Talk to your friends and neighbors about what they believe, mainly to find those of like mind, or at least open to enlightenment. Don’t just complain about what’s happening—talk with them about the alternative of individualism. Many people have a vague sense of unease but they don’t know the seriousness of the problems we face and what they can do about them. You can help them become enlightened.

Become as independent as you can from today’s Dependency Culture. “Shrug out” as much as you can. Deny the dependency class (and their parasitical elites) the fruits of your productivity and creativity as much as you can. Reserve as much of that for you, your family, and others whom you choose to trade, or to help. Incorporate your own business—start it as a hobby, and make it grow. Develop creative ways of exchanging value with neighbors and friends.

Use the time we have now to develop skills that will be valuable in a much more primitive economic world than we enjoy today. Your day-job today may well become unviable, but a hobby of yours might become suddenly valuable. A broad collection of skills will probably be more helpful to you and your family than a narrow specialty, though a specialty could become quite valuable if it happens to match the circumstances that emerge. What can you do now to prepare yourself for growing, inventing, designing, building, supplying, improving, or protecting what you and others will value?

Make whatever preparations you can that will help you and your family survive the chaos that will reign during the collapse itself. You may at various times need to be cautious or daring, anonymous or visible, passive or aggressive. You may be called upon to do things that you could never have imagined yourself doing, but if they are right and necessary and you can live with yourself afterwards, that’s all you can really demand of yourself.

Closing:
Through it all, it is the American idea—our individualism, rights from God (not government), personal liberty, responsibility for self-reliance, free trade, the rule of law—that animates what we do. Now that the American idea has been brought to the world and has lived in our hearts for over 200 years, it cannot be extinguished. Not as long as there lives an American who remembers, and believes.

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Tuesday, May 18, 2010

Episode 19: After the Crash, Rebuilding the True American Dream


A listener comment from "John B." leads to a great show: “Hey Pete, most of your shows are negative. You mention what might come after the crash, that it will be positive. Maybe you could talk more about that, for balance.”

He's right, and what keeps me upbeat and positive about the future, the long term future, is that the crash that is coming will allow us to restore the true American spirit, the true American dream. In this show I speculate about:

- What will be the state of the nation, the economy, and society when we've hit bottom, and are ready to start rebuilding?

- How will the basics of food, clothing, and shelter be provisioned?

- What surprises are in store regarding land ownership?

- Which forms and services of government will be the quickest to recover?

- How will key parts of our society, such as medicine, education, and the law, recover, and how will they differ from the pre-crash Dependency Culture?

- Which elements of today's world will (fortunately) fail to make it through the crash?

- What will happen to "the monkeys"--the Dependents and their parasitical Elites?

The show ends on a final upbeat note: "The American idea, now that it has been brought to the world and has lived in our hearts for over 200 years, cannot be extinguished. Not as long as there lives an American who remembers, and believes."

No "doom and gloom" in this show--well at least a lot less, and a lot more bright spots. Many thanks for the inspiration, John B!

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Monday, May 17, 2010

Episode 18: The Home Mortgage Problem (video version)



Here's the video version of Episode 18, also available on You Tube.

Today's podcast speculates on a topic of vital interest to any homeowner--

- How many of the approximately 90 million homeowners paying mortgages in the U.S. are currently delinquent or in foreclosure?

- What percent of mortgages in the U.S. are underwater?

- What is keeping "strategic defaults" from becoming a serious problem for lenders so far? How might that change as an economic collapse unfolds?

- What might happen if the number of delinquent mortgages swells to 20 million? 30 million? 40 million or more?

- What impact would tens of millions of evictions have in the middle of an economic collapse?
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Episode 18: The Home Mortgage Problem (audio version)


Today's podcast speculates on a topic of vital interest to any homeowner--

- How many of the approximately 90 million homeowners paying mortgages in the U.S. are currently delinquent or in foreclosure?

- What percent of mortgages in the U.S. are underwater?

- What is keeping "strategic defaults" from becoming a serious problem for lenders so far? How might that change as an economic collapse unfolds?

- What might happen if the number of delinquent mortgages swells to 20 million? 30 million? 40 million or more?

- What impact would tens of millions of evictions have in the middle of an economic collapse?
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Sunday, May 9, 2010

Episode 17: Interview with Tom Baugh, author of "Starving the Monkeys"


This episode features my interview with Tom Baugh, author of "Starving the Monkeys", the one-book source for the Shrugging Out concept. Tom answers these important questions:

- Who are "the monkeys", and what have they done to deserve starvation?
- What unexpected source of danger from terrorism is in process in America today?
- Why are conventional disaster preparations, such as storing food, not enough?
- What is the true nature of the gun control efforts likely to come as the crisis builds?
- Is secession a viable option for states to escape the federal leviathan?

Listen to the surprising but sensible answers from a unique thinker about the coming crisis.

And be sure to get Tom's book at starvingthemonkeys.com.
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Thursday, May 6, 2010

Episode 16 audio: The Greek Crisis (and all new ShruggerCam!)


The Greek debt crisis is coming to a head, and it involves a lot more than the solvency and viability of the Greek government. The European Union is at stake, and to some extent, the world economy as well. What is the Generational Dynamics analysis of the situation? Listen to Episode 16 for the answers!

And check out the all new ShruggerCam on YouTube--new and improved with this episode!

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Tuesday, May 4, 2010

Episode 15: Short-term Chaos, Long-term Trends


Three items in the news underscore that day by day, week by week, events are chaotic:

- The Greek debt crisis

- Lethal drug battles in northern Mexico

- The BP oil spill

Watch the daily and weekly chaos for entertainment value, but stay focused on long-term trends:

- Collectivist governments all over the world are collapsing from unsustainable entitlement programs,

- Illegal immigration of Mexicans to the U.S. is really a civil war refugee problem, and

- The "greens" are causing the next global energy crisis due to their stupid (or deliberate) phobia of carbon-based fuels.
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Saturday, May 1, 2010

Episode 14 (audio only): Starving the Monkeys, by Tom Baugh


Pete reviews Tom Baugh's powerful book, "Starving the Monkeys", which is quite possibly the best one-book description of "shrugging out" and the motivations for doing it.

More to come on the topics covered in Baugh's book in future shows.

This week was very crowded with a business trip to Chicago and other work-related events, so this (great) episode is going to have to do it for this week.

Episode 14 video: Starving the Monkeys


Pete reviews Tom Baugh's powerful book, "Starving the Monkeys", which is quite possibly the best one-book description of "shrugging out" and the motivations for doing it.

More to come on the topics covered in Baugh's book in future shows.

This week was very crowded with a business trip to Chicago and other work-related events, so this (great) episode is going to have to do it for this week.



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Sunday, April 25, 2010

Episode 13 video: Part 2 of "What is Shrugging Out all about?"


Coupled with Episode 12, this 10-minute video does a good job of explaining the Shrugging Out philosophy, why few people will have the discipline and mindset needed to do it, how important it is to prepare for the disaster that is coming, and your role in America's post-crash renewal.

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Episode 13: What is "shrugging out" all about? (part 2)


Pete completes the recap begun in Episode 12, What is "shrugging out" all about?

- What is the ideal "end state" for someone committed to shrug out?
- How will "shrugging out" change your life?
- What will it take for you to have the discipline and mindset to shrug out?
- Isn't this just a "doom and gloom" philosophy?
- Do you have to go all the way, or is it worth it to shrug out partially?
- Isn't "shrugging out" basically giving up on America?

A short and sweet ten minutes, well worth a listen. Or check out the video on YouTube.

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Friday, April 23, 2010

Episode 12: What is "Shrugging Out" all about?


New to shrugging out? Judging by the recent upswell in listeners you may be. (Many, many thanks for listening!!!)

In a quick ten minutes, Pete explains the basics, including:

- Where does the term "Shrugging Out" come from?
- What is your "co-dependency footprint", and why should you reduce it?
- How do Elites use the Dependency Culture to their advantage, and why do they want as many of them as possible?
- Why are disaster preparations an important part of shrugging out?
- What is "Generational Dynamics", and how does it explain the fiscal and social catastrophe that is on our horizon?
- What are the first basic steps you should take to shrug out? (Hint: Think Ant, not Grasshopper.)

Be sure to check out the video of this podcast here on YouTube.

Wednesday, April 21, 2010

Episode 11: Is it seditious to shrug out?


Pete starts out by blasting Time columnist Joe Klein's charge that Glenn Beck and Sarah Palin's recent statements are seditious, or as the elitist Klein puts it, "rubbing up against it [sedition]". This makes Pete sing--literally--Sedition...Sedition!

Shrugging Out is all over the news!!!

- Reality-based New Jersey Governor Chris Christie provides mega-doses of reality to the temporarily-chastened boobs responsible for putting New Jersey into the deep hole it's in today.

- Thomas Sowell channels the "Shrugging Out Philosophy" by exploring the limits of power, citing how throughout history certain classes of slaves were actually paid, instead of forced to work.

- Michael Barone talks about "the battle between the culture of dependence and the culture of independence."

- Congressman Paul Ryan (R-WI) explains why "it's not mathematically possible" to tax our way out of the impending fiscal crisis in America.

- Generational Dynamics guru John Xenakis describes the huge real estate bubble in China, and what's in store for everyone's darling economy.

- The US State Department jumps in on global warming as momentum builds for CO2 "cap and trade" legislation.

***NEW WITH THIS PODCAST***
The first ten minutes of the show are also available on YouTube, on the new "Shrugging Out" channel, recorded in the mobile studio via ShruggerCam! Check it out!

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Tuesday, April 20, 2010

Episode 11 video: Is shrugging out seditious?


This is the inaugural video for The Shrugging Out Podcast. Pete pounds Joe Klein for his ridiculous charge that Glenn Beck and Sarah Palin's comments are seditious, or as Klein quibbles, "rubbing up against it". And listen for the special song Pete sings in honor of Klein's charge of "Sedition".

Recorded in the mobile studio via ShruggerCam. This video is the first ten minutes of Pete's "daily" podcast (more like 2-3 per week).

Click on the title of this post above to see the video (on YouTube).

The entire audio podcast for Episode 11 will be posted tomorrow (April 21).