Reality Bites

The thing that I disdain more than anything else with regard to the government bureaucrats and Central Planners, is the inexplicable and unjustified confidence they have in their abilities. As much as I bash Wall Street, I would rather have a good investor (not a crony, government welfare baby investor like Warren Buffett, but a legitimate one), in a leadership position rather than the lifetime academics and politicians (lawyers) that are running things today. Why? Because anyone that has worked in the real world of investing has made so many mistakes it is impossible to count. I want to make clear that none of this applies to the TBTF banks, which absolutely couldn’t make a dime without government handouts and bailouts, or the buy-side firms that are in bed with the government (you know who you are), but legitimate “eat what you kill” investors and traders that have no help and must be right more than wrong to survive. These folks are consistently humbled, week after week and year after year by the market and forces beyond their control. They are constantly reminded that failure is just around the corner. In many cases, folks do fail and then they have to pick themselves up off the ground, shake away the dirt and fight to win another day. This of course doesn’t merely apply to investors and traders, but to all those out there in the private workforce trying to create a new business, climb the ladder from line cook to store manager at McDonalds or Wal-Mart, or those spending hours upon hours in a garage or lab trying to discover the next game changing invention. The people it does not apply to are the people running the planet at the moment, which is why there is no doubt they will run the entire global economy straight into the ground.

We need to understand that there is a war raging outside. A war between the parasite class and the productive human. The parasites have total control of all levers of power at the moment, and they intend on using the ultimate implosion of the system to further consolidate their gains in order to create a neo-feudalist society where productive humans will become serfs that exist merely to produce for the pleasure of the parasites with no hope of escape for themselves or their children or grandchildren. We cannot allow this to happen, which is why the most important thing is to inform as many people as possible of the game plan ahead of time so that they are unable to manipulate humanity to acquiesce to its own bondage in the middle of a crisis.

The most dangerous people on the planet are the lifetime academics and these are the folks in charge of the most powerful institutions in the world today, the Central Banks. These lifetime academics have been coddled their whole lives within the “prestigious” institutions that define the paradigm that we live under. In rising high up in academia, these folks never really experienced failure. Sure, they may have received a B+ on a paper once instead of an A, but they have never experienced that crushing failure that only the real world can deliver. As I mentioned earlier, I would put all of the leaders of TBTF banks/brokers in the same category. They have been bailed out at the taxpayer’s expense so many times that they do not live in reality either. When they fail they get bailed out, when they succeed they take all the gains and then buy everyone else off around them. This is not a novel point, but it is extremely important to fully internalize because these are the people (academics and TBTF executives) that are in total control of all economic, social and political policy in the Western world today. It is because of them that we are in the situation we are in and it will be because of them that we will crash and burn.

More