Why Money People Appear 'Cold'

Most people involved in the business of money and capital mimic what money itself does - namely, they behave like an anonymous proxy for everybody else's needs, wants, and desires.

And so, they do the best they can to appear as non-prejudicial as they possibly can; they are 'fungible agents.'

However there is a problem with that, a problem that only appears when there is or there is about to be some huge, historic, massive change in something critical to the usual operations of markets: when there is a broad stock market 'Crash,' there is little point pretending to favor listed securities ahead of cash at that particular moment... And for another example, bankers in the Weimar Republic during the period of hyper-deflation under Chancellor Heinrich Bruning who supported the Mark lost everything, even though technically, they 'owned' everything because it wasn't that their loans were not collateralized!

In other words, if everyone gets into the same sinking boat, and none of them can swim - basically they will all drown (IE you try to be all things to all people during such times and you will find out the consequences!).

Being a 'fungible agent' in capital and money means being 'all things to all people.' But you see... ...people are mostly quite stupid; they're not smart, they're not even close to it.

Halloween's coming - you know, that witch-y time.
Time for all the real magicians to show their hand...

Everywhere I look now - and I mean literally everywhere - all I see are commentators bewailing various yes, clearly problematic aspects of present monetary and economic conditions, and yet all of them are doing this kind of thing: this is what they say maybe not is so many words, but - 'show me the PROOF of why such-and-such is going to occur, and THEN I'll give you my approval...'

People are still thinking about things in terms of 'Crashes' or a major banking and equities collapse or large-scale debt defaults. What will happen is that WHEN the thing actually 'unfolds' in one certain particular way, THEN they will all have a thousand reasons (as analysis in hindsight) once again commenting, on WHY it happened.

And yet it's so obvious what is going to happen.

You may have seen recently the sum of 'twenty Trillion dollars' thrown around in commentaries and the general media too, and personally I saw it used to describe some amount of money which 'disappeared' through government mismanagement or worse...

Twenty Trillion dollars is the value of the US Treasuries market of issued money 'obligations.'

'Old school' - or, Classical?

If asset deflation takes shape with this amount of money out there 'somewhere,' we have ourselves a 'Weimar moment,' so to speak.

But asset deflation is certain if interest rates go to zero or negative through Federal Reserve policy (monetary targeting). That's because it is cheaper to sell assets, buy bonds and have them bought at a premium by the US Treasury, and then repurchase the same assets, sell them again and so on.

This is not going to happen because everyone in government and economics and in central banks knows the history of Germany and the World Wars and the Depression. If there's a way for them to cling onto their power and their lifestyles they will do it.

So what do you think they are going to do?

LOL

I mean you can be as technically smart and well-informed and up on all the facts as all get-out... But if you are not able to feel emotionally (in your gut) that all of that is just a pile of nonsense in our present circumstances, if you are a commentator, you might as well shoot yourself in the head because you will be telling a whole bunch of follow-the-leaders, stuff that will appeal to them because it has all the boilerplate of 'facts' and 'sound,' 'rational' thinking and 'skepticism' about 'risk' - and you will be sending them broke and worse in time.

I can tell you exactly what is going to happen. There are many many people who would not believe me if I said it. And I would never produce that many facts and figures to support my prognostication.

The people in financial power are desperate right now and desperate people do desperate things.

Don't think I can't turn water into wine, because I can; nobody asks -
because they don't believe.
Here's the problem, see - if you are a fungible agent, well, people don't want the wine; they want
the money to buy the wine, but even then, they probably won't buy the wine.

But you will st-i-i-i-i-i-ll read and hear idiots repeating the same old drivel responding to something that happened five minutes ago, and telling you the consequences of those events that are likely to occur five minutes thereafter-wards.

There is nothing anywhere from out of history that can be used as a template for what is going to take place over the next year.

If you are patient and 'hang in' with what we are doing here, there will be a way to just quietly tack yourself onto something that will survive the present mess the idiots in governments and banks bequeathed to us and by 'bequeathed' I do mean they are already dead meat.  

Eating The Cooked Lobster

The internet is replete these days with Tony Robbins-style channels and articles about 'how to' whatever, and usually it is 'how to make money/be successful/become wealthy' - all that kind of thing.

I can't give that kind of advice. And I'll tell you why. Each person is different from every other person; each person is unique -, an individual, with different abilities, different interests, different needs, different wants. What might work for me is not necessarily going to work for the next guy.

A 'trojan horse' type of color, that's
for sure!

Secondly, I have a very limited template based on past personal experience from which to draw. Yes, sure I've made some real dollars in the past. But so what?

I made that my way - and I doubt there can be too many people around who would go the same route to attain similar ends.

I clearly remember I was riding a bicycle to a state government technology incubator park to see a friend the one day, and the next morning I had 4.8 million dollars of listed share capital in my own name plus a lot of cash as well. And the guy I was going to see at the tech park thought of me then as a young eccentric and now, on the run from Interpol and everyone else as far as I can tell, in the Philippines for 'probably' being one of the guys who proposed and helped deploy the APT29 trojan horse program on the DNC computers, still regards me as 'titanium:' seemingly indestructible but lightweight.

I have never confused an empty hand with a lack of substance.

Because - and here is something that applies to understanding pure money - money is currency not a commodity; it is the process through which comparative advantage becomes a functioning mechanism in broader society: you have a skill or item others do not have, and others have things you want, and so money becomes the medium via which everyone gets to share access to the total pool of skills and products and items potentially available in society when taken as a whole.

If you place all the cash money you have on you in front of you, it is an inverse representation of your unexploited total net worth over time, not the representation of your actual current net worth. If you want to increase the size of the pile of notes in front of you, you move to expose your comparative advantage to those who want or need what you are.

If there ever was a time for karate economics, and a karate approach to private business, now is it.

'Kara-te' = empty hands, dudes.

Recent New York Fed...

This week, the president of the Federal Reserve Bank of New York, John Williams, mentioned the daily $75 billion in liquidity interventions 'in order to bring overnight repo's back in line with the Fed funds rate.'

Now this is not particularly an 'admission' of anything, really, and certainly not, as many (msm) media editorials have been saying, an admission that the Fed has erred in its calculations of reserves needed.

New York Fed's John Williams

It's a statement of fact about how retail and commercial banks have no substance and are selling everything they get handed from the US Treasury, at discounts to the 'Fed funds rate target' in order to find immediate cash (aka 'liquidity').

Why do they need cash all the time...?

LOL

Because, they are addicted to spending, that's why. They need to 'spend' to continue to falsify the valuations of all property and real estate.

They need to spend to give executives ridiculous bonuses and directors their fees.

Burnt butter and mustard lobster

Some editorials are at last outright saying this whole thing has been a grand scheme of fraud, cheating, and theft. And it has.

So what happens next?

Well this thing can go on for a bit longer yet. No Crash this week. And none next week either.

No. Maybe no Crash at all.

You see the lobster, my friends, has already been boiled and it is dead.

And I intend to eat it. First I need some French cream and mustard sauce, a little butter, and some salt and pepper.

Some 'Sensitive' Matters Attended To

Ah well, had to concentrate on some pretty sensitive affairs over the last few days. Very stressful for all those directly involved, and maybe one day we can get to talk about them, but not today. Not yet.

Worked out good. Ordinary people's lives are regularly filled with difficulties and dramas and what is there to be done about it? Can we make the world a better place after all is said and done? Good question. Not on our own we can't, I don't think.

Personally I'm still hoping that the super-advanced space aliens are going to show themselves and maybe give an interview to Jimmy Dore and tell a few jokes maybe.

Make us all feel good about ourselves and about the future and extend a bit of hope for us all.

Jimmy Dore is roughly the equivalent of the old National Enquirer - you know, that tabloid paper that handled all the 'triple-headed monster baby' and 'UFO's at the Navy Base' material, but which has never ever been successfully sued for lying...

Dore is billed as a stand-up comedian who does news.

I can't read or watch the BBC anymore, and prefer Jimmy Dore and Lionel Nation because if you didn't laugh you'd cry and there's no point doing that. 

Curry In The Battle Of Kurukshetra

This week, Richard Martin's 'Wake-Up Call' goes to the Felicity Huffman story as a counterpoint to the super-critical Saudi Oil Fields attacks, which is also looked at:

http://www.richardmartinswakeupcall.podbean.com/

As for me, well I just had a terrific experience...

I was walking mid-morning through this local shopping mall, see, and this Indian girl was standing, seemingly all-forlorn, with a plate of something or other - naan bread pieces or something so I figured, yeah all right, at least if I take one she won't be stuck with no one to try whatever it was. 

After I had finalized some useless item of trivia that demanded personal attention, it was still not much more than late mid-morning and the Indian restaurant, although looking quite ready for customers, was empty but for one young woman at the back messing around with a laptop and nibbling small things...

Had enough of dim-sum for a while, I thought, and went in.

The one I had didn't look like this, but I used this pic -
because it is colorful!

Lamb shank curry? What on earth was I doing ordering lamb shank curry?

Er, scored a bull's eye here. It was ridiculously good. Not a molecule of fat anywhere; to me lamb often suffers in the hands of lazy cooks, from way too much indigestible fat.

Not this thing. Fell off the bone, the spices were authentic and clearly hand-ground, and the whole thing had been slow cooked and chilled, the fat removed - properly - and then slowly baked to the finish. And with these kinds of things, you really have to do the sauce in two stages, one in which you slow cook the shanks, and then a second stage of the ultimate sauce that comes right at the end.

All thoughts of alien invasion, or where the drones had come from, and how they had been so accurate in delivering their explosive payloads, or whether negative interest rates were going to adversely affect the whole world, went right out of my mind.

And although they have attempted to come back (into my mind) echoes of mindbogglingly good curries are blocking all of them right now.

I am thinking positively along the lines that even in the Battle of Kurukshetra, there were a few odd handfuls of people who were able to decamp to this garden in space somewhere, called Amaravati, filled with apsaras and very likely, pretty decent food. And they avoided the final war, and they survived. And they were none the worse for it all.