Way back long long ago when stock markets were first created in the Netherlands around 500 years ago, instantly there was a value bubble and it popped destroying many rich fortunes The survivors of this event, the infamous Tulip mania of 1630s, led to economic destruction of the thriving Dutch economy and had a direct impact on my own ancestors driving them to the New World in desperation, settling in the Hudson Valley region to deal with beaver pelts. One branch of my family was the Bards of London banking fame who faced ruin prior to this when they backed a British king’s wars in France. Ever since the beginning of banking and stock markets, they always always crash. Attempts at preventing this always fail due to greed. People want infinity, money to pour in effortlessly, forever. This leads to taking grave chances with reality setting in and stopping the infinity machine.
I have written endlessly about this as one can see in Google: BREAKING THE INFINITY MACHINE | Culture of Life News 2 and Infinite Money Kills Real Wealth | Culture of Life News are but two examples. Just enter ‘Culture of Life News infinity’ and you get a load of my stuff. Way back when I was host to a group of Chinese officials who lived with me for a year in order to learn about capitalism, I gave them full lectures about infinity and its danger and how greed can destroy wealth. I also explained how money is magical and can appear and then vanish in a puff of nothingness unless it is watched very, very closely and is protected with greatest diligence.
PEGASUS AND MAGICAL MONEY | Culture of Life News and Godfather Death And His Magic Money Game – Culture of Life News talks about all this. Makinw And IMF Economist Want 6% Inflation | Culture of Life News has a funny cartoon by yours truly:
The Chinese leaders who dragged China out of the Mao nightmare are all retired now just as I am retired. The new crew went full greed mode and thought that Ali Baba was going to be worth a trillion dollars, a stupid web site no less! So…the market is now crashing there right along with me crashing in the hospital. Now, like the doctors did with me, China brokers vow to stabilize stock market | Shanghai Daily but their efforts won’t work because they now have the Goddess of Infinity’s dire sister, Nothingness (aka, Zero, Null, Bankrupt) to deal with and she is impossible to stop or deny or thwart.
Here is the news from Singapore:
The brokers will not sell the stocks they held on July 3 and buy more in a proper time so long as the benchmark Shanghai Composite Index is below 4,500 points.
The Securities Association of China said in a statement that it appreciated the brokers’ decision and asked all broker firms to view China’s economic situation and capital market in a correct way and take similar actions to underpin the ailing market.
The brokers in 1929 tried this exact same trick. It didn’t work. It cannot work. And worse, it SHOULDN’T work. All markets must do this every time it heads towards infinity. Infinity is very destructive, too only humans, being greedy little monkey creatures, can’t appreciate the danger of all this infinity stuff. Balance, order, constructive heeding of reality all are necessary for a good survival system. Humans hate this. We are creatures who take fashions, attitudes, beliefs, loves, hates, etc. to their furthest extremes because our brains want to do this because we have excessively big brains much of which is used for DREAMING not rational survival tactics.
Emotionally unstable from birth, we see this in small tiny children, the inability to see reality straight on, the demands of satiation of desires while shoving aside mother’s warnings and protective gestures, babies want to run riot, basically and we call this ‘the terrible twos’ and in nature, little monkeys in this stage who are not careful end up dead which is why there isn’t several billion monkeys on earth except for one branch: the humans.
We manage, somehow, to curb this excess behavior and take life seriously to survive and thrive. Even when World Wars break out regularly eliminating millions and millions of humans, we bounce back but…LEARN NOTHING. The UN was created to ‘stop wars’ and failed because the leaders creating it were all focused on exploiting things to their own benefits and cementing their power which led to more, not fewer wars. Millions died after WWII and now the builders of the UN are pushing us into a mega war called WWIII and no humans can stop this process at all even though every single element that existed before WWI and WWII is operational an obvious to any outside observer, say, aliens in space.
Why can’t people see all this and understand all this? I have been baffled all my life about this. Periodically, I come out of the Outer Darkness screaming to everyone about what is going to happen next and…no one changes course at all. Everyone, absolutely everyone on earth desires greatly to see the future. At the same time, nobody wants to hear an accurate future prediction (Cassandra illustrates this well) because they don’t want to change course at all. They want either wishes granted (another very dangerous thing!) or things to not happen (death).
So anyone predicting the future accurately is destroyed on the spot if they tell the truth. So, delusionally happy, things roll off a cliff. The Goddesses laugh their heads off over this and love tormenting humans this way. In retaliation, humans pray to the Goddesses (gambling palaces are the sites for this activity) but not at churches or temples or mosques. Instead, they worship the Death Gods, mostly males, who cheerfully destroy humans and egg them into wars like the raging religious wars ignited in the Middle East after WWII when Palestine was handed over to the rich Jews who moved the victims of Naziism there (most of whom actually ended up in the US, not Israel).
So Greece is going under due to reckless spending when they joined the euro train, Germany which has always been very careful dealing with the Infinity Goddess, is going nuts and no one can stop this disaster in Greece which is melting down in classic, common fashion and there is no fix for this, it was too late way back when Greece joined Germany in the same currency even though Greece believed this was funny money to spend like crazy, party time, dudes!
Having totally opposite beliefs, the EU system allowed both to exist simultaneously and now the Germans realize their fatal mistake, assuming that the Greeks would be careful rather than happy spenders, and eventually the euro will cease to exist. Poof! Currencies come and go this way! China must learn the harsh lessons, too, the hard way. Seems the only way humans learn is the hard way. We are stubborn creatures. We want things we cannot have. And the lessons we learn we refuse to learn over and over again. This is what makes history so amusing: it is a repeat cycle over and over again. Lessons from 5,000 years ago are still not comprehended today despite being obvious.
Actually, this is very funny in a horrible way. Mad monkeys, we are all that and somehow, we still manage to do amazing things periodically. I guess my few hours hanging out at the Doors of Death has put me into a good humor.
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