Financial Genius

The whole point of artistic or musical genius is that it delivers the 'artistic massage' first, and only subsequently some thinking people then tend to realise there was a serious intellectual message too.

Orgastic Love = Hand on Ass, maybe not arm in arm...

Is there such a profile available when it comes to financial genius...? What would be the equivalent? A mathematical massage? An intellectual massage? A money massage? At least it is clear what the message is – we tell you a story and then justify taking the value of your work, wealth, and efforts and handing it to someone who won't sit down and have a cup of tea with you. The vision of Stanley Fisher and Ben Bernanke walking virtually arm-in-arm at Jackson Hole, Wyoming, tells it like it is. There are hundreds of miles between me and you – and them and a bunch of armed guards.

Taking money from the citizen and from the taxpayer and continually giving it to a few privileged banks certainly creates an ethical questionmark over the purpose of a central bank like the US Federal Reserve. But of course that is unlikely to ever be addressed honestly and directly by Bernanke.

Crucially for professional private investors, assessment of economic risk nowadays falls to the question of who is 'protected' and who is not, rather than who is acting sensibly and who is acting dangerously... Can the banks and the government act sensibly at all or over the longer run? Well, let's just see for how long they can; if they are doing it even now.

The great philosopher and public intellectual Paul Ritter

Although not commonly talked about, there is such a thing as a radical pathology psychologist – or sometimes, 'radical social pathology psychologist.' You won't see much talk about such people in the ordinary media; for they are a thoroughly discredited lot you see. For instance, there is my late friend the extraordinary Paul Ritter – the architect and polymath/polyhistor who laid one of the original foundation stones at the World Trade Center. He personally knew the very thoroughly discredited psychologist and medical doctor Wilhelm Reich – who was one of those Austrian School Psychologists who more or less started all this nonsense about the establishment deliberately misleading and suppressing the masses through a steady diet of fear and crisis. Reich's main problem, it seemed to me at least, appeared to stem from the fact that he had the temerity to suggest the establishment's core dissembling nature resulted fundamentally from a sexual issue they all had! And that, as they say, was the quick end to him.

But I think that the establishment has miscalculated – or maybe even failed to calculate at all - that the internet and all it represents, is the very devil's breath itself to the common herd, because it liberates the Id of the private individual and the collective Id of his community, from the constraints and controls and social rules imposed from his political and government masters from on high. I cannot think of a single greater real test that has ever happened in history of whether Reich's style of psychoanalysis and his ideas are functionally sound or merely crackpot thoughts. Dare I say this: Reich is extremely clear about what he thinks will happen, but you will have to read his books carefully to discover what these predictions are...

And yes yes, of course I am being subserversive.