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Author Topic: Money  (Read 6376 times)

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Re: Money
« Reply #525 on: December 27, 2018, 02:12:43 pm »


"When certainty frays, capital gets skittish."

Confidence in capital itself is fraying.  Capital has been leveraged, rehypothecated, securitized, and falsified to the point that no thinking person trusts it any more.  When I see a rich man with a big house, fancy car, trophy wife, and $2K suit I immediately suspect that he's some kind of con man playing financial games.  If I have a little bit of capital I want to invest I immediately assume that every investment vehicle offered me is some kind of ******** con game, run by some kind of ******** con man, to cheat me out of my hard-earned savings.

The bank says it's got a fortress balance sheet, with plenty of ready capital on hand?  I don't believe it.  It's got some ******** balance sheet with plenty of phoney capital on hand.  All perfectly legal, you understand.

Article that the above truth filled comment responded to:

Thu, 12/27/2018 - 11:15

Authored by Charles Hugh Smith via OfTwoMinds blog

The net result is capital is impaired in eras of uncertainty. Uncertainty also leads to polarization, as people cling with irrational certainty to ideologies and policies that are failing.

This poor man cried, and the Lord heard him, and saved him out of all his troubles.. -- Psalm 34:6


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