An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
What I think is significant about it trendwise is that this is a growing issue and lot of ordinary people are looking for solutions. They don't have a clue about monetary economics or finance, so they are open to a variety of avenues of approach. Weirdness is in with young people, so I see that as an issue. A lot of people may see that as a feature rather than a bug.
But the need is to develop credibility for one's pitch. Why would anyone take this avenue of approach unless they are off the wall. I don't know.
What I will be watching for is what kind of a play this gets and what kind of a pitch it ultimately turns out to be. The presentation is pretty incoherent at this point, so it's hard to say where it is coming from and where it is headed.
It's definitely about a proposal for a global currency though and possibly a digital one. So whatever it turns out to be it will be interesting on that score. It will also be interesting to see what kind of a reception the idea receives.
My guess is that the only people involved are the man being interviewed and the women interviewing him, and that they are trying to attract some attention for their millennial fantasies about global currency and global spiritual revolution by pretending that there is some secret cabal of highly placed global financial leaders behind their dreams who have (oddly) delivered their plan to a single obscure messenger for public release.
I agree that it is interesting as a sociological phenomenon.
That's very possible, Dan. Sort of a cyber combination of street theater and reality show.
There's a whole art developing around this kind of PR now. It's now possible to get viral exposure that woud cost millions if it were paid for. Certainly there are folks staying up at night thinking about how to pull that off.
“Financiers must rediscover the genuinely ethical foundation of their activity so as to not abuse the sophisticated instruments which can serve to betray the interests of savers.”
???????!
Is the Vatican advocating "price stability" over employment?
This perhaps a snarky comment from the Apostle Paul to the Pope here:
"for nothing do we carry into the world, and it is evident that neither can we carry anything out." 1 Tim 6:7
The Vatican has neoliberal tendencies too, Matt. But overall their social policy has been pretty good, from Rerum Novarum to Caritas in Veritate.
In their defense, I suspect that by wavers they mean small savers rather than the wealthy. The "financial inovation" antics creamed a lot of pension funds, for example.
8 comments:
My guess is 'they' are trying to drive Alex Jones insane.
Maybe it is what someone thinks is clever PR.
What I think is significant about it trendwise is that this is a growing issue and lot of ordinary people are looking for solutions. They don't have a clue about monetary economics or finance, so they are open to a variety of avenues of approach. Weirdness is in with young people, so I see that as an issue. A lot of people may see that as a feature rather than a bug.
But the need is to develop credibility for one's pitch. Why would anyone take this avenue of approach unless they are off the wall. I don't know.
What I will be watching for is what kind of a play this gets and what kind of a pitch it ultimately turns out to be. The presentation is pretty incoherent at this point, so it's hard to say where it is coming from and where it is headed.
It's definitely about a proposal for a global currency though and possibly a digital one. So whatever it turns out to be it will be interesting on that score. It will also be interesting to see what kind of a reception the idea receives.
My guess is that the only people involved are the man being interviewed and the women interviewing him, and that they are trying to attract some attention for their millennial fantasies about global currency and global spiritual revolution by pretending that there is some secret cabal of highly placed global financial leaders behind their dreams who have (oddly) delivered their plan to a single obscure messenger for public release.
I agree that it is interesting as a sociological phenomenon.
That's very possible, Dan. Sort of a cyber combination of street theater and reality show.
There's a whole art developing around this kind of PR now. It's now possible to get viral exposure that woud cost millions if it were paid for. Certainly there are folks staying up at night thinking about how to pull that off.
this guy is an expert on everything...currency and cold fusion.
http://www.cmn.tv/previews/james-martinez-2-preview/
what's next? lunar mining expeditions
Craig: What's next?
Lead to gold? :)
This now from the Pope here:
“Financiers must rediscover the genuinely ethical foundation of their activity so as to not abuse the sophisticated instruments which can serve to betray the interests of savers.”
???????!
Is the Vatican advocating "price stability" over employment?
This perhaps a snarky comment from the Apostle Paul to the Pope here:
"for nothing do we carry into the world, and it is evident that neither can we carry anything out." 1 Tim 6:7
We are in DEEP do-do...
Resp,
The Vatican has neoliberal tendencies too, Matt. But overall their social policy has been pretty good, from Rerum Novarum to Caritas in Veritate.
In their defense, I suspect that by wavers they mean small savers rather than the wealthy. The "financial inovation" antics creamed a lot of pension funds, for example.
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