Wednesday, February 26, 2020

What Do We Do Now That Money Is Running To The Hills, And Out of Stocks, In Search Of Shinny Shit To Hide Their Stashes In

Because that's what money does when its threatened, and the new bio event, around a virus, it seems nobody can contain, is no exception. We really ought to consider here just how unstable this so called "Booming Economy" is; and precisely because our position on this planet has become so unstable.

And one need look no further than an even cursory examination of what will become of liability, and insurance, now that things are going to continue to get ever more dicey.

And this is but one aspect of how a cost based economy will have no chance to continue as before, as the total price for all of the very real advancements in general, material well being, as well as scientific achievements, that Capitalism did indeed provide, now comes due. An amazing engine of advancement in fact, but having acknowledged this still does not change the fact that everything, even a major organizational methodology, has a period of relevancy, and then, as things change, as they always do, that relevancy eventually fades, and goes away. Just ask the original version of Windows. Or even the original version of DOS as an operating system, and how you would do modern enterprise, in today's environment, in them (and what they could run then).

The sad thing here is that, at least as far as the Stock Market is concerned, given the insane, herd mentality, that predominates what passes for thinking there, the idiots are soon going to notice that "oh wait! Aren't our favorite fantasy makers cheap now, comparatively speaking? And if they are, who cares about objective reality. If we all go back and start buying again, the prices will go back up and we'll make more abstract counters...", to put into the servers, that may, or may not, continue to have electricity, to keep running at all (because, naturally, when the shit really starts hitting the fan, on bad events, who can say what will continue to function, or not -- that's the point).

The bottom line here is that I can only hope that you, dear reader. are finally beginning to realize that this formerly relevant system is not only flying apart, as it continues to accelerate too much (with too many dangerous competitions), it is structurally incapable of even seeing, let alone acknowledging, the full ramifications of what is going on, as well as to be able to properly forge a comprehensive solution to meet the problem head on.

I fear that our political leadership, however, is going to have to be forced, by peaceful, civil disobedience, to accept this fact. Which means, if they continue their intransigence, that we must strike across the boards of all economic sectors (excluding, certainly, critical needs services, and products), to make them take us seriously. And a good place to start would be organizing all holders of student, credit card, medical, and even mortgage debt, to stop paying en mass.

And in that vein, if they, being the people who now control money, no longer feel the need to play by anybody but their own rules. You really need to ask yourselves, why are we still struggling, so painfully, to play by rules only we have to play by any more.


Watch CNBC's full interview with Berkshire Hathaway CEO Warren Buffett



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