"We passed upon the stair
We spoke of was and when
Although I wasn't there
He said I was his friend
Which came as a surprise
I spoke into his eyes
I thought you died alone
A long long time ago
Oh no, not me
We never lost control
You're face to face
With the man who sold the world."
David Bowie, The Man Who Sold the World
"There are six things the Lord hates, no, seven that are detestable to him:
proud eyes,
a lying tongue,
hands that harm the innocent,
a heart that plots wicked schemes,
feet that are quick to rush into evil,
a false witness whose mouth pours out lies
and most of all, a person who stirs up conflicts in a community."
Proverbs 6:16-19
"Be not deceived— God is not mocked. Whatever a man sows, so shall he reap."
Galatians 6:7
“The mask was a thing on it's own, behind which Jack hid, liberated from shame and self-conciousness.”
William Golding, Lord of the Flies
Monetary and regulatory policy encourage asset bubbles to proliferate. Hot money seeks out the conscious mispricing of risk.
Capital, in the form of both money and personal talent, increasingly flows into malinvestment and the gaming of markets.
The productive economy languishes, left wanting for the lack of creative resources and attention.
The bubble rises to unsustainable valuations— and fails, and a nation's capital is consumed.
You fill your minds daily from those who sow hatred with lies and fear.
You make beasts of yourselves. You worship a pig. Is this unexpected to you?
Are you not entertained? No, not yet?
As Egon von Greyerz noted, the next five years are not about winning, but surviving.
So, then let us proceed.
Have a pleasant evening.
