Right on! The numbers are mind-boggling. BlackRock has roughly $10T in AUM being managed by their risk system called Aladin. BlackRock also allows others to use this same risk system and I believe that number is also $10T. So we have $20T in assets being managed by the same risk management system. What could go wrong!?
Anarcho-capitalism?
May I offer an interesting excerpt: (I randomly opened the book to this) [high weirdness]
"Look," Hagbard growled. "I'm a tired engineer at the end of a long day. Can't we talk about something less taxing to my depleted brain? What do you think of the economic system I outline in the second part of Never Whistle While You're Pissing? I've decided to start calling it techno-anarchism; do you think that's more clear at first sight than anarcho-capitalism?"
And George found himself, frustrated, engaged in a long discussion of non-interest-bearing currencies, land stewardship replacing land ownership, the inability of monopoly capitalism to adjust to abundance, and other matters which would have interested him a week ago but now were very unimportant compared to the question which Zen masters phrased as "getting the goose out of the bottle without breaking the glass"--or specifically, getting George Dorn out of"George Dorn" without destroying GEORGE DORN.What book you're wondering? The Illuminatus! Trilogy--Robert Shea and Robert Anton Wilson, pp 432 (1975)
For your enjoyment: an anthem for 2024.
https://youtu.be/OLlrc2rHIvI?si=EYNlC63sYNCaFhyn
Names, photos, addresses, in case you want to send them a Happy Holidays card.
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Chris, Can You Pontificate On This?
What would it be like, where would the stresses and pains be, what would be the turmoil or not of, operating on a gold, standard, and getting back on an actual Gold standard?
Yes, Indeed, Chris. The Financial Markets Are Rigged.
Happy to see you covering financial “market” manipulation. The sinister part is that banks and governments collude to legally manipulate “markets” and control prices of most everything. For instance, the purpose of the Exchange Stabilization Fund, established by the Gold Reserve Act of 1934, is to defend the U.S. dollar by intervening in “markets.” “For the purpose of stabilizing the exchange value of the dollar, the Secretary of the Treasury, with the approval of the President, directly or through such agencies as he may designate, is authorized, for the account of the fund established in this section, to deal in gold and foreign exchange and such other instruments of credit and securities as he may deem necessary to carry out the purpose of this section,” reads a passage in the original law, amended in the late 1970s. I wrote about and documented the precious metal price suppression scheme in my book “Rigged: Exposing the Largest Financial Fraud in History.” Unfortunately, manipulation is likely to persist until the financial system implodes or enough people and nations realize they’re being scammed. The awakening is underway. https://www.amazon.com/Rigged-Exposing-Largest-Financial-History-ebook/dp/B083WMGMHN/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
Andreaa32
Investigate instances where central banks implement unconventional policies, such as quantitative easing (QE), minecraftle negative interest rates, or large-scale asset purchases. Discuss how these policies, while aiming to stimulate the economy, can lead to concerns about market distortions and unintended consequences.