When I switch gears- I feel as if I'm not ruled by gravity any more- I float around like a super magnet above copper.
While I resist my descent, for that brief moment, I can look around and see the whole thing as if it were in slow motion. You see the whole panorama.
If you can't see the connection between the London Riots and the market turmoil, you are missing the bigger picture.
You may remember a few months ago I told you that the market would crash. It was very predictable. In fact, if you understand macro-economics and the
terminology, the writing was on the wall for all to see. Thier language is the code. If you understand the language, policy becomes simple and crystal
Once again it all comes down to oil. Oil is priced in US dollars. China wanted to use the Euro and currencies, along with gold to price oil. The
American's can't have this. They are undermining the Euro to provide a deterrent any country wanting to place their reserves in this "basket"
approach. But you may think wait, China and India have driven up the price of gold and it's obvious people are "preferring" the commodity. Yes, but
that is short term thinking. Gold is now fast approaching a bubble situation. Yes, over the last many decades the metal has been undersold and
undervalued. Now it's stupid. The bubble will burst. This will also lead to a reluctance to put money into gold.
What does that leave? The Greenback.
So, why would S&P sabotage the US's perfect credit rating?
Because they needed a catalyst. Europe had relatiated by propping up Italy and Spain. The Americans are attacking Europe by shorting the European Bond
I guess you can call the downgrade and artifical subverise action which would be like knocking down the first domino. The ultimate goal of the Rube
Golberg machine is to knock down the European Banks to preserve the US Dollar as the world's reserve currency.
I don't enjoy studying economics. But since I am a critic of the US's brand of captialism (cough- fascism), I need to know how it operates if I am
to provide an agrument for why it's a destructive force that needs to be thwarted.
You can profit from bad behaviour and use your resources to change this behaviour and save the world. I know it stinks. But you must fight fire with
You can profit from this ugly scene of globalization. In the short term, understand the manipulation and you will be in the right place to make gains.
Then, reinvest in the future so that there is capital for the new innovations.
So, buy BP, then take profits and put it into the new green economy. The change will happen. China is already starting to change.
Buy mining shares in rare earth metals. Then invest in recylcing business who recover these minerals in an enviromentally sound way. Take a negative
and turn it into a positive. It's the only game in town. It's not like you can drop off the grid and live completely independant. Just won't
happen. Start small. Learn to save.
One last thing. Although this crash may seem to be the correction that was overdue, it's not, I think the real stuff will hit the giant fan in
September. That's when the banks catch on fire again.
There may also be a food crisis in the near future. Think about ways of becoming more food independant.
English riots. Probably due to football. No. Soccer. Whatever.
Blame the parents. They've been talking crap about the government for so long, why wouldn't it influence the kids. The kids are alright. Blame
Socrates. He corrupted those greek youths.
The riots are systemic. They are as a result of a clash between politics and class. I'll give you a hint.
Recently, in what city was there a riot when their sport's team lost ?
Was the riot due to politics and culture?
Yes, yes it was. In Canada hockey is a religion. It's integral to our culture.
Did it have anything to do with class?
Yes, yes. Vancouver has great voids between the poor and rich.
Or am I just making excuses for bad behaviour.
Trying to justify ugly angry outbursts of violence.
Damn straight. I would much rather have a riot in Vancouver or riots in London.
Because these are relatively minor and the violence juvenile.
When corporations go to war, tens of thousands of people die and entire countries are bombed into the stone age.
How can you compare the two?
The poor riot while the rich wage wars.
The poor speak out. Even though the rich can hear, they do not listen.
They say, "Let them eat cake!"
Let them eat Twinkies...
The stock market is supposed to have an invisible hand that guides and corrects itself periodically.
Society definately has this mechanisms, it's called social unrest/riots.
When our rich leaders are really obtuse and arrogant, it's called revolution.
I hoped Cameron had a nice time in Tuscony.