Category: Economics, Finance, and Political Economy

(Rumination on the deterministic centralization of banking)

Well, you know, I’m on the optimistic side, and I thought there was at least a reasonable chance the feds could get ahead of this self-created contagion so that it wouldn’t spiral very quickly, but you can see where this banking episode is going, employment is going, the workforce threat is coming from, the demographic threat is coming from, strategic threats are coming from, and I think the ‘experiment’ with Keynesian limits – much of which occurred in my lifetime – is on the way to being over. It’s no solace that Austrians get to say “I told you so” as we did in 2008.

Between JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, BlackRock, and Visa we might as well nationalize it all. Because the “Red State Banks” are going to have a really hard time pretty soon.

Unfortunately, the govt is too slow with FEDCOIN. And the blue-red-grey war in culture and Congress is so divisive (and unresolvable and at least for the right, unforgivable), when combined with the complete impossibility of a democratic government with short-term service to produce and execute strategic planning outside of the military – means that nothing will change until a crisis occurs.

That said, I still don’t see how the world runs anywhere but the USA and the Dollar as this crisis and the subsequent decline of global trade contracts, and wealthy populations continue to collapse.

(Rumination on the deterministic centralization of banking)

Well, you know, I’m on the optimistic side, and I thought there was at least a reasonable chance the feds could get ahead of this self-created contagion so that it wouldn’t spiral very quickly, but you can see where this banking episode is going, employment is going, the workforce threat is coming from, the demographic threat is coming from, strategic threats are coming from, and I think the ‘experiment’ with Keynesian limits – much of which occurred in my lifetime – is on the way to being over. It’s no solace that Austrians get to say “I told you so” as we did in 2008.

Between JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, BlackRock, and Visa we might as well nationalize it all. Because the “Red State Banks” are going to have a really hard time pretty soon.

Unfortunately, the govt is too slow with FEDCOIN. And the blue-red-grey war in culture and Congress is so divisive (and unresolvable and at least for the right, unforgivable), when combined with the complete impossibility of a democratic government with short-term service to produce and execute strategic planning outside of the military – means that nothing will change until a crisis occurs.

That said, I still don’t see how the world runs anywhere but the USA and the Dollar as this crisis and the subsequent decline of global trade contracts, and wealthy populations continue to collapse.