If we want to continuously achieve a "more perfect union" in this country, then some of the supposed union members have to transition from trying to hoard fiat, to hoarding coordination capabilities.
"European stocks rallied Monday on signs that U.S. lawmakers are making headway on ... deficit-reduction measures,"
Oh, my god! You just can't make this up!
Exactly what "deficit" are they talking about? Data, words and concepts are meaningless without context. Can someone please ask these 'lawmakers' to simply define what a "deficit" in fiat means?
How long can investment-strategy-by-Kabuki maintain a semblence of coherence, when even the puppet-masters are self-managed by Kabuki?
n_Level nested Kabuki? How is that supposed to work?
At this rate, supposed capitalists may actually achieve the Communist dream, where intelligent governance "wastes away" and disappears .... (leaving only the remaining warlords).
In a fiat currency regime, public initiative = an increasing fiscal budget, which produces what ONLY ACCONTANTS call a fiscal "deficit," which happens to be the private sector's currency supply, which happens to provide public liquidity, which happens to be essential for expressing public initiative. Our existing lawmakers don't even know that the Currency Issuer's "deficit" = the sum of all Currency Users currency or financial savings? Houston, we have a problem.
Are lawmakers aware of the trivial subject of context-specific semantics?
No? Then what's gonna happen when people randomly mixing word meanings try to run a country with 312 million citizens and a $14Trillion economy?
Let me make this simple for 'lawmakers.' When everyone's well fed & rested, but disorganized, saying "slow down" can help.
But when some of the people are hungry, homeless and uneducated ... slowing down = starvation and lost Output, and can easily trigger rage & rebellion.
It's the 1% - those hoarding fiat - who are saying slow down, simply because they're out of touch with the 99%.
Inevitably, the 99% will say: "Listen - You @#$%&! Idiots - Quit Trying to Hoard OUR Liquidity!"
It's the Liquidity, Stupid!
Please ask YOUR local lawmakers to repeat after me, 12 times if necessary: Static assets can be a medium-term store of value. Dynamic assets - e.g., individual smarts AND practiced group coordination capabilities - are far and away the best long-term store of survival value. Fiat currency is 99% a social liquidity tool, and is NOT, I repeat NOT, a optimal store of long-term or even medium-term value. Conflating liquidity and short/medium/long term store-of-value - whether for individuals or groups - is a suicidal failure of Situational Awareness. That's small-minded, static-value thinking in a dynamic-value world, one that's increasingly more complex and faster-moving.
One way or another, people within or outside the USA will "make a more perfect union." When that happens, it won't be the result of slowing down.
Let me make this simple for 'lawmakers.' When everyone's well fed & rested, but disorganized, saying "slow down" can help.
But when some of the people are hungry, homeless and uneducated ... slowing down = starvation and lost Output, and can easily trigger rage & rebellion.
It's the 1% - those hoarding fiat - who are saying slow down, simply because they're out of touch with the 99%.
Inevitably, the 99% will say: "Listen - You @#$%&! Idiots - Quit Trying to Hoard OUR Liquidity!"
It's the Liquidity, Stupid!
Please ask YOUR local lawmakers to repeat after me, 12 times if necessary: Static assets can be a medium-term store of value. Dynamic assets - e.g., individual smarts AND practiced group coordination capabilities - are far and away the best long-term store of survival value. Fiat currency is 99% a social liquidity tool, and is NOT, I repeat NOT, a optimal store of long-term or even medium-term value. Conflating liquidity and short/medium/long term store-of-value - whether for individuals or groups - is a suicidal failure of Situational Awareness. That's small-minded, static-value thinking in a dynamic-value world, one that's increasingly more complex and faster-moving.
One way or another, people within or outside the USA will "make a more perfect union." When that happens, it won't be the result of slowing down.
1 comment:
$34B injection of $NFA on Thursday (11/15/12) last week:
https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=12111500.pdf
Table III-C
Now within $155B of "debt ceiling"...
rsp,
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