September 1, 2009
Supremely simply solutions often thin the hubris of complexity!
On Thursday of last week I was standing at the main entrance door of my office. The entry is mostly glass and I see no one inside and no one sees me! I had a briefcase in one hand, a satchel over my left solder, my laptop in my left hand and my keys are in my left pocket. What to do? If I set my laptop down I risk the satchel sliding off my shoulder, if I put my briefcase down, my right hand will (still) not be able to retrieve the keys from my left pocket. Ah nutz! So I put everything down: briefcase, then the laptop and then the satchel. I put my hand in my pocket pull out the keys and realize that I have left my detachable “ring” (containing my office keys) in the small pocket on the leading edge of the driver’s seat. Great! Do I leave my “gear” at the door and walk out to the car or do I “load up” and schlep it all out to retrieve the keys? Or? Just then my assistant comes walking by me, she’s talking on her cell, smiles and waives pointing her index finger “up” as if to say, “just a moment longer”, and without missing a step moves right past me pushing the door open and in to the office she went! (By the way, 15 minutes would pass before I saw her face again, God knows what could have happened to me between the time I saw her and my return from the parking lot!) I hope your experiencing the humor in all of this! See, the door was open all along and I never,…oh,…never mind!
The illusions, as we can see from my blundering (above), created by the market of imagination, present all sorts of perceptions – either real or completely unreal!
I’m recalling a statement from both the President and the Secretary of the Treasury. They were explaining their position regarding the massive government bailouts of the financial markets stating “…we need to get markets lending again…” or words to that affect.
If , over the last few years, you have read any of my postings you’ll be familiar with phrases such as “FEI”, “Practical Detachment” and my various references to “Faux Economics” etc. Each of these describes unique circumstances however what they have in common is the very same fundamental notion which is: we can call it whatever we want just so long as we don’t have to say what it really is! This is the practical and systemic means where by we The People have been excised from the “functionings” of our Government. Worse is the case were The People actually accept what the System tells them.
Suffice it to say, one of the primary reasons/purpose of The Imperfect Messenger Foundation is to reveal what is truly being said and what is actually being done! In the coming months I will be releasing a 3 Volume Series entitle “Blind Vision” which I truly recommend be placed at the top of your reading list. These 3 Volumes are wonderfully composed and provocative in form and content!
For now though, let’s explore a few points relating to the Presidents and Mr. Geithner’s comment as referenced above.
As is my custom, what follows are two rudimentary “enumerations” with appropriate “comments”:
- “Financial Markets”- Today: These are nothing more than the perpetual “trading” of existing “instruments” or “commodities” based solely on the belief that there is reward (or gain) to be had in and ONLY in the specific act of trading.
Comment: It is important to note that this entire system is based on the “gain of attraction” principal which in practice mean the “drawing in” of capital from outside the market upon which the “gain” can be extracted and the “capital consumed”. NO VALUE is either being added or created. Precisely why the Markets are not only predictably volatile but whatever gain is made is derived only from/by this very same volatility, vis-à-vis, speculation.
- “Financial Markets” – In “peak” History: The historical purpose or purely relevant form of the System was intended to create or ad value to the Economic System by articulating a managed environment whereby “Capital Demands” were filled in exchange for instruments representing a “vesting of ones interest”, often in some Publicly Traded Enterprise, Financial Instrument (Institution) or Commodity. Each of these were accompanied by not only the prospects of future value but also, periodic income, e.g., interest, dividends etc.
Comment: As the U.S. Economy experienced the effects of dismantling its Economic and Wealth Creating Engine, the Financial Markets no longer had the ability or historical function serving as intermediary for “instruments” offering viable and sustainable Economic Growth Potential. Accordingly, the fulfillment of reward and gain requirements required the creation of an entire new class of “Trading”: this inchoate concept became what we now know as “Speculative Financial Markets” or as identified in “#1” above. This new form became the breeding ground for a all types of “creative instruments” searching “game” under the cover of what we now know as “Derivatives”. In short: If we have no value to offer, why not create Offers that IMAGINE Value. This then, is the current form: photocopying a near infinite number of images of a piece of cake such that the illusion of “lost opportunity” creates the even greater illusion of “demand” sufficient to imagine the perception of “scarcity” which drives the price of the “photocopy” in to the stratosphere creating the opportunity that stimulates making more photocopies to meet the demand! Then, at some point, 1 person (and that’s all it takes) decides they’re hungry for a piece of cake and realizes, it’s only a photocopy and though you could eat paper, it will NEVER be an Actual Piece of Cake! Not EVER Mr. President, not even for YOU! The consequent affect of “FEI”!
As said, these are very rudimentary summations of the concepts and there is much more detail one might offer thought, to be sure, to do so will only further solidify and enforce the point. However, in order to understand the reason for the financial and economic meltdown and further, why it will persist for decades to come if not properly addressed, an honest and thorough understanding of the systemic cause/effect need to be fully identified. Further, it will never be fixed if no one will admit it has been broken!
Using a token measure of poetic license,…try this one on:
“All the Kings Horses and all the Kings men,…” will never ever willingly mend, a system their masters choose to defend!
I’ve been given a great deal of consideration to the length of my “postings” of late and as such, I will temporarily suspend the discussion here and continue the “meat” of what remains to the following post. Do pick it up, the topic is rich and relevant to the “times we are a facing”! You’ll want to arm yourself with this valuable information.
In the mean time, kindly remember this!
“Government never admits an error! It simply covers the previous with new and inspired Legislation that masks the former with an even Greater Failure!”
“Markets of Imagination” is the faux-econ of contemporary Globalists Idolatry. It exists only to perpetuate a New Norm and not the purer function of Capitalism or its arbiter, the Republican form of Government.
Change, true change, occurs when uncommon people assemble about a common ideal and insist upon its perfection and tirelessly assure its occurrence. It will not occur in the present form of our Nations practices of Government as your ambitions are wholly different than the current System. However, there are more of us, than there are of them!
Fellow Americans, the world over, that’s just the way it is! I don’t make this stuff up!
To Be Continued….
Curtis C. Greco, Founder
