Don't Fear The Reaper, Fear The Thing
At Jeffrey P. Snyder's The Problem is Accumulating Accumulation, DDLA: "the United States Congress has steadfastly refused to invest in infrastructure since 2010 despite the intensity of Great Recession."
This is spot on and a large part of our current morass. No animal spirits due to gridlock by design in order to maintain the status quo. Delbert Grady might say, this needs to be corrected.
Kramer: "money malinvested... These businesses "do harm" to the economy by representing a "no" that some allocator of capital said to a better applicant for funding who a better allocator of capital would have funded."
This is spot on and the point Snyder makes is that QEZIRP has caused severe malinvestment in the form of perversion, diversion and inversions of capital. With easy money, the corruption or perversion of the flow towards "secure" yield chasing is sacrificing capital investment in the future for the financial engineering of profits today. As we have banged this drum before: "There is something in this more than natural" and "my guitar gently weeps".
Bloom: "You seem to be missing Mr. Snider's main point.... cumulative "airbag" interventions by the Fed and others, artificially supported by antiquated orthodox theory, have inadvertently created a sort of parallel universe somewhat separate from the so-called real economy. In this universe nothing truly productive happens. It just happens. It's actual net impact upon the real economy is decidedly negative and potentially very harmful. It is unsustainable. Prolonged "redistribution imbalances" means a few get very wealthy at the expense of the many."
Along with Snyder, you sir, are one of the few who get it. You see THE THING for what it is (weird and pissed off), a reanimated corpse from an economic eugenics program, that should have been cremated long ago. Rather than let the cycle and nature take its corse, unnatural monetary policy, government agency additives and massive systemic global bailouts, have created a toxic witches brew from which little to nothing good may come.
Kramer: "the government should not be expected to sacrifice its currency or overpay for money just so that others will like the price they can pay or receive for it in the private sector. THAT would be manipulation, something the Fed can be best understood as working as hard as it can to avoid."
I have read comments which state, if not for QE, what would or could be better? The answer is twofold: what goes up must come down and let nature take its corse. Now, for those paying attention, that is the second time, rather than "course", that misspelling is for a reason. Please do look it up.
DDLA: "Taking as much pain out of the inevitable recessions is a positive policy.... This is because recessions do not have any positive attributes."
The destructive force or dark side has no positive attributes? No yin and yang? No light and dark? No good and bad? No positive, no negative? These diametric opposites lose definition, meaning and existence without their counterpart. It's not there just to exist and give you a fall guy, there is a reason, and unlike the dodo, it has a necessary function.
Hard times, recessions and depressions have many positive attributes. In a natural world, if you survive them, they make you tougher. All living organisms have three choices when faced with adversity: Stagnate: do nothing and terminate; Migrate: die another day, move on to more conducive environs; Mutate: change, adapt and survive.
No pain, no gain and in a world without challenge, if everything were constantly hunky-dory, the resulting stasis would have the talking monkeys that currently infest this blue green rock, like a virus, more resembling talking zucchini or artichokes in a vegetative state. No pun intended as many, in this day and age, are already there.
As a part of the business cycle and like the cycle of life.. birth, death and evolutionary improvement are necessary and all good things, and bad things, must come to an end. In this case, intervention has prolonged the life of the unhealthy, weak, crippled and feeble financial system and its banksters which should have been allowed to die mercifully.
This postponement of the inevitable prolongs suffering at the expense of the healthy and necessary resources, healing, evolution and birthing processes, "can be understood as working as hard as one can, to avoid it." If that isn't manipulation, than what is? Coincidence? I think not as these truths are self evident.
Following the resultant trail of money, which always reveals motives and leads to the truth... these planned and anticipated events are the endless series of imaginary hobgoblins that are necessary to menace and keep the populace alarmed, so that the government, which caused all the problems in the first place, can “manage the crises” and lead a clamorous populace to safety.
Rule number one: follow the money, because it is all about the money, and who has profited and who has not, is an indictment of such magnitude that some might call for the reinstatement of firing squads and the guillotine. Civil insurrection is lurking and active in the shadows of many a sovereignty and if this reanimation gone wrong and obviet reallocation of capital wealth is not manipulation, then what is?
You say you want a revolution? well you know... rather than a revolution against "no taxation without representation"... we need a new revolution against "representation for the ultra rich without taxation" and "taxation without representation" for everyone else. In any case, we now have something far worse than a dead economy, which would be preferable as those remnants could rise from the ashes like a Phoenix under natural circumstances.
What we've got here, aside from failure to communicate, and a large portion of the population just does not get it, and probably never will, because some men, you just can't reach... is a reanimated zombie economy that is the bastard of a economic genetics experiment gone wrong and viral on a global scale. Calling Dr. Moreau, Frankenstein and Mengele.... stat... and all three would be shocked and appalled. Doctor, doctor, give me the news...
After multiple infusions of zombie crack QE and prolonged exposure to ZIRP, nothing mutated in the Petri dish, it's not alive, it's not alive, it's not alive... QE, it aborted, QE, it was still born, QE, it stagnated secular as in stagflation. Time to toss it and if there is to be any hope for the future, this THING needs to be put to sleep. Calling Dr. Kevorkian, stat, doctor, doctor can't you see I'm burnin...
This would perhaps commence a proper healing and birthing process, resulting in something natural, rather than something more than natural, and as opposed to the mutant abomination or THE THING that has been unwillingly foisted upon us. Let the grim reaper do his job and punch its ticket out of our collective misery and don't fear the reaper....
This is spot on and a large part of our current morass. No animal spirits due to gridlock by design in order to maintain the status quo. Delbert Grady might say, this needs to be corrected.
Kramer: "money malinvested... These businesses "do harm" to the economy by representing a "no" that some allocator of capital said to a better applicant for funding who a better allocator of capital would have funded."
This is spot on and the point Snyder makes is that QEZIRP has caused severe malinvestment in the form of perversion, diversion and inversions of capital. With easy money, the corruption or perversion of the flow towards "secure" yield chasing is sacrificing capital investment in the future for the financial engineering of profits today. As we have banged this drum before: "There is something in this more than natural" and "my guitar gently weeps".
Bloom: "You seem to be missing Mr. Snider's main point.... cumulative "airbag" interventions by the Fed and others, artificially supported by antiquated orthodox theory, have inadvertently created a sort of parallel universe somewhat separate from the so-called real economy. In this universe nothing truly productive happens. It just happens. It's actual net impact upon the real economy is decidedly negative and potentially very harmful. It is unsustainable. Prolonged "redistribution imbalances" means a few get very wealthy at the expense of the many."
Along with Snyder, you sir, are one of the few who get it. You see THE THING for what it is (weird and pissed off), a reanimated corpse from an economic eugenics program, that should have been cremated long ago. Rather than let the cycle and nature take its corse, unnatural monetary policy, government agency additives and massive systemic global bailouts, have created a toxic witches brew from which little to nothing good may come.
Kramer: "the government should not be expected to sacrifice its currency or overpay for money just so that others will like the price they can pay or receive for it in the private sector. THAT would be manipulation, something the Fed can be best understood as working as hard as it can to avoid."
I have read comments which state, if not for QE, what would or could be better? The answer is twofold: what goes up must come down and let nature take its corse. Now, for those paying attention, that is the second time, rather than "course", that misspelling is for a reason. Please do look it up.
DDLA: "Taking as much pain out of the inevitable recessions is a positive policy.... This is because recessions do not have any positive attributes."
The destructive force or dark side has no positive attributes? No yin and yang? No light and dark? No good and bad? No positive, no negative? These diametric opposites lose definition, meaning and existence without their counterpart. It's not there just to exist and give you a fall guy, there is a reason, and unlike the dodo, it has a necessary function.
Hard times, recessions and depressions have many positive attributes. In a natural world, if you survive them, they make you tougher. All living organisms have three choices when faced with adversity: Stagnate: do nothing and terminate; Migrate: die another day, move on to more conducive environs; Mutate: change, adapt and survive.
No pain, no gain and in a world without challenge, if everything were constantly hunky-dory, the resulting stasis would have the talking monkeys that currently infest this blue green rock, like a virus, more resembling talking zucchini or artichokes in a vegetative state. No pun intended as many, in this day and age, are already there.
As a part of the business cycle and like the cycle of life.. birth, death and evolutionary improvement are necessary and all good things, and bad things, must come to an end. In this case, intervention has prolonged the life of the unhealthy, weak, crippled and feeble financial system and its banksters which should have been allowed to die mercifully.
This postponement of the inevitable prolongs suffering at the expense of the healthy and necessary resources, healing, evolution and birthing processes, "can be understood as working as hard as one can, to avoid it." If that isn't manipulation, than what is? Coincidence? I think not as these truths are self evident.
Following the resultant trail of money, which always reveals motives and leads to the truth... these planned and anticipated events are the endless series of imaginary hobgoblins that are necessary to menace and keep the populace alarmed, so that the government, which caused all the problems in the first place, can “manage the crises” and lead a clamorous populace to safety.
Rule number one: follow the money, because it is all about the money, and who has profited and who has not, is an indictment of such magnitude that some might call for the reinstatement of firing squads and the guillotine. Civil insurrection is lurking and active in the shadows of many a sovereignty and if this reanimation gone wrong and obviet reallocation of capital wealth is not manipulation, then what is?
You say you want a revolution? well you know... rather than a revolution against "no taxation without representation"... we need a new revolution against "representation for the ultra rich without taxation" and "taxation without representation" for everyone else. In any case, we now have something far worse than a dead economy, which would be preferable as those remnants could rise from the ashes like a Phoenix under natural circumstances.
What we've got here, aside from failure to communicate, and a large portion of the population just does not get it, and probably never will, because some men, you just can't reach... is a reanimated zombie economy that is the bastard of a economic genetics experiment gone wrong and viral on a global scale. Calling Dr. Moreau, Frankenstein and Mengele.... stat... and all three would be shocked and appalled. Doctor, doctor, give me the news...
After multiple infusions of zombie crack QE and prolonged exposure to ZIRP, nothing mutated in the Petri dish, it's not alive, it's not alive, it's not alive... QE, it aborted, QE, it was still born, QE, it stagnated secular as in stagflation. Time to toss it and if there is to be any hope for the future, this THING needs to be put to sleep. Calling Dr. Kevorkian, stat, doctor, doctor can't you see I'm burnin...
This would perhaps commence a proper healing and birthing process, resulting in something natural, rather than something more than natural, and as opposed to the mutant abomination or THE THING that has been unwillingly foisted upon us. Let the grim reaper do his job and punch its ticket out of our collective misery and don't fear the reaper....
Comments