FTSE 100 sinks to fresh three-year low as investors panic-buy gilts—the panic gripping Europe is understandable. It was not caused by banks. It was caused by the flood of aliens who are now utterly disrupting trade, leaning very heavily on taxpayers, causing social chaos and scaring people to death since some of the invaders are real invaders out to destroy Europe. Anyone expecting Europe to thrive under this invasion is delusional. China: the NATO nations have decided to turn China into a Dangerous Enemy so that is screwing up trade and business, too. Then there is Russia: Europe and the US both decided that a strong Russia is Pure Evil so they began a boycott of Russia which is also insane and stupid especially when Muslim nations, not Russia, is invading.
The Latest: European Banks Take a Hammering in Markets –the same forces at work there are at work here. The US has allowed an army of illegal aliens to come in and depress wages and create crime and tap into social services while resident populations, underemployed and kept in poverty in the cities, leans on welfare, too, since the workers are discarded and unwanted except as consumers. This never works for long as ancient Rome discovered.
We are witnessing a typical recession caused by over-expansion leading to panic in traders who buy on the margins or who panic very easily when anything happens. This will cause great misery for regular people and I recall at least five recessions in my own lifetime that screwed up things and EVERY TIME the rulers assure us they figured things out and have now set up systems to prevent their own traders working for them all, to panic. But then, our rulers panic over something or other and voila: they cause the markets to panic, too. What on earth do they all expect, anyways?
FTSE 100 overcomes jitters after Fed fails to come to the rescue is a hilarious headline. The value of money is manipulated heavily by governments and bankers to get trade advantages. This is the magic dial they all use to control entire economic systems. Who controls this magic dial and prints the magic money gets to play god here and our rulers think they are all geniuses at this and we peasants know nothing about this magical tool so we should all butt out. They assure us they know what they are doing and then PANIC, too, when certain investments they hold and they hold a huge amount of this, go down. Their panic is severe.
They are VERY PRONE to panic. Just as they are very prone to producing bubbles. The bubbly stuff has existed since markets were first created. Every generation imagines they can control markets and thus, prevent bubbles and bubbles bursting. Only they are the agents doing this no matter what sort of barriers are set up to prevent this from happening! They always rejoice when creating bubbles and wail like babies when these burst. Nothing, absolutely no rules nor regulations can prevent them from engineering this and then squealing like pigs when caught in their own traps they made to trap the unwary.
This is why rich people don’t stay rich forever. Eventually, they trick themselves and lose everything. Sometimes, their own heads. Way back in the late 19th century, the Panic of 1873 saw the usual ‘jump from the windows suicide’ messes including one of my own ancestors who shot himself. My grandfather told me about this and warned me to not be stupid, too.
One would imagine that history would move people at the top to learn some basic lessons but no, it doesn’t work. The Chinese who first learned about capitalism in our workshops at my home in New Jersey 40 years ago, learned about panics and why they happen (someone big goes bankrupt and spooks everyone else who are carrying too much debt) and all panics are ‘fixed’ in the past via cutting worker’s wages, etc. Which always makes them worse. Add an invasion/war and voila: full blown disasters. And so…we do this over and over and over and over again and now the Chinese get to do this, too. Mindlessly like rats in an exercise wheel.
The five year The Long Depression (1873-1878) was actually short. Look at Japan: in a depression for over 20 years now! Why is that? Well, the Japanese industrialists, bankers and rulers all think that giving no pay raises and working everyone to literal death is a great way to get super rich and super powerful. So they now are. And Japan is dying. Literally dying, soon to cease existing unless they create enough robots to run things when the humans are all gone. And then Isaac Asimov (Author of Foundation) talked about that very thing in his famous series. An entire planet run by robots with a tiny group of humans being the beneficiaries of this.
Sad planet! This famous author (who I knew, he lived in Greenwich Village in a brownstone stuffed to the ceiling with books! My daughter was convinced he was Bilbo Baggins.) in NYC and he was very thoughtful about potential futures. His story about Aurora is hair raising. It gave me literal nightmares.
Aurora at its height had a population of 200 million humans, and 10 billion robots. The head of its planetary government was called the “Chairman.” The largest city on the planet was Eos (which means also “dawn”), the administrative and robotic center of Aurora, where Han Fastolfe and Gladia Solaria lived. The University of Eos and the Auroran Robotics Institute were both located within Eos. We see the planet at its height in The Robots of Dawn. It was famous among the Spacer worlds for its refreshing grape juice.
When he created Aurora, he believed 200 million was a lot of people. And it was. Now we talk about billions. China alone, has a billion, ditto India. Incidentally, I met Asimov because I was working with my father on a paper speculating about colonizing one of the planets around the Tau Ceti star. He was gleefully happy to talk about it.
We humans have some very basic impulses. We can create epic messes and build epic cities and all cities built by humans in the past ended up in ruins for various reasons, usually stupid reasons. We are monkeys, after all. Screaming in the trees and then throwing bananas at each other is normal.
Speaking of monkeys, our rulers set up systems over the years to prevent voters from choosing their own leaders. They are called ‘super delegates’ and the DNC has twice as many as the GOP. This is so the Democratic voters not be allowed to select their own leaders. 20% of the convention voters are elitists. The super delegates chose Obama which put him over the top. Now, they reverted back to Hillary this last year and this caused a major revolt in the lower classes who are not rulers and are now in full revolt.
In the GOP, the rulers are for Bushes running things and their favorite time was when Skull and Bones brothers ran against each other, running both parties. This was not popular with the masses who are, in total, in revolt and voting mostly for Trump which is causing our media giants a huge headache as they try desperately to paint Trump as an outsider without understanding that this is why he is charming the right wing so greatly! Duh! But then, rulers never stay clever for too many generations. It is impossible since Darwin natural selection is suspended so the weak or ill-equiped end up trying to run things created by powerful, canny ancestors who fought often literally, tooth and nail for power and money.
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