The smart money is acting rather strange

“When government – in pursuit of good intentions – tries to rearrange the economy, legislate morality, or help special interests, the cost comes in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.” — Milton Friedman

. . . . . . . In every crowd, there is a toonie coin that drops to hit the ground. And spin. And clatter. It isn’t gold, but it is worth something, unlike the much unlamented steel penny.

. . . . . . . And what this toonie sings …. is a masquerade …. Never mind that Lionel Richie song. The quantitative easing is happening in this timeframe around the world. The fire hose of free money is trickling to a slowdown and being pulled back.

. . . . . . . Whatever will replace it? Whoever will grace it? Whenever will we shake it? Whyever would we placate it? {cont.}

TELEPORT TO (click on the blue below if you don’t want to read this entry)

is the fat man in this picture like the Smoking Man in X-Files?

. . . . . . . The smart money is going along with the Central Banks. The CBs continue their actions of withdrawing money from the system. This is fiat money, folks. You make it like you make paper. You make it like you make 1’s and 0’s on a computer screen in a bank’s “vaults.” It’s a numbers game, folks. It isn’t real. *blowing cold air from my mouth*

. . . . . . . But QE behaves as though it’s real. *fingersnap* America is the world’s reserve currency. *waves* America can spew out an endless amount of digital and paper currency. *waves twice* And it has. It has. But now the world currencies on every level and every plane, scheduled starting in the first week of September 2021 has begun acting strange. *tilting chin upward, little sparkles gathered on my square jaw*

. . . . . . . And the strange money is trotting along beside it, not ditching it. The smart money is acting strange — it is choosing not to punish these countries. The ECB has negative rates of interest and nobody is saying, hmm, this is weird. The smart money is acting strange.

The Maastricht Treaty of 1992 established the European Union. This was several decades after diddling-around began on political and economic issues that only a lawyer could appreciate.

. . . . . . . America has 4 trillion dollars of pandemic stimulus money coming down the biggest pipeline you ever saw — and the smart money is acting strange, like this is just another day at the office.

. . . . . . . The smart money is trusting the government. And the government has a large whip hand for if the smart money deviates the slightest iota. This isn’t the way it’s supposed to go. The smart money is supposed to be the one disciplining the public realm. Has the public grown so immense that it can now dictate terms to the host of independent players that go into the dumb-and-smart-sector of the economy???

7 thoughts on “The smart money is acting rather strange

  1. The outbreaks, the mutatated strains, are keeping us, all on edge, and, we may soon have to, put ourselves, in those, hazmat suits every time we head outside soon, because, this virus is, nowhere near, slowing down, and the more we try to kill it, the faster it’ll, mutate, because it is, trying to, survive, like we, humans, are…

  2. good to hear The Thompson Twins again; yeah, the paranoia is the worst thing;everyone’s gotta wear masks — they’re omnipresent: some are intentionally a little scary, like it’s Halloween 🙂

    1. Yeah, I mean, FUCK. The horror masks. Do I have to know how subliminally cool you THINK you are. Stand on a street corner and start bustin’ some conflict-poetry and see how cool you really think you are, horror-mask-man.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s