Charles Mackay published ‘Extraordinary Popular Delusions and the Madness of Crowds” examining crowd psychology. Historical precedents where the masses retain a hysteria are rather common.
As a young broker it was common to conflate misinformation via an office computer [N.Y. City wire house research] from trusted economic sources with reality.
Ironically the evolution of technological 'smart' devices today has enabled a contagion of group think with extreme efficiency.
Empirical Observation:
- EVERYONE KNOWS EVERYTHING - FEELINGS ACCENTUATED BY THOSE WHO HAVE NEVER MADE ANYTHING -
Fear & Greed appear in abundance. Opportunities are great in times of distress.
Feelings & Virtue Signaling en Vigueur.
Invisible Attackers are Everywhere:
- Invisible unproved viruses.
- Invisible enemies in never-ending illusionary tunnels in Afghanistan.
- Indiscernible climate change theory disinformation [CO2 element to plant life].
Empirical Observation:
- RECORD PROMISES TO PAY / SANGUINE SENTIMENT TOWARDS FINANCIAL ASSETS. A 40+ YEAR BULL MARKET IN THE U.S. 10 YEAR TREASURY ENABLED THE FINANCIAL / PONZI TECH ECONOMY TO PROLIFERATE. -
Data appears to be aligning with Antoine Beauchap's avocation of 'cellular theory.'
As a T261 survivor in NYC I agree with Muhammad Ali “I ain’t got no quarrel with them Viet Cong" - insert CIA / East India Company OSS invisible attackers.
We respect Human Action [Von Mises]. Leaders create capital.
Propaganda is moving at an accelerated rate. Leadership podcasts are everywhere by experts whose paymasters have been insolvent governments to data networking companies in the digital / financial Ponzi economy.
Distortions are our friends.
The Wall Street Journal covered the price of gold in Federal Reserve Notes [denominator] this past week.
Amazing to live in an Upside-Down World. Our system is designed to perniciously transfer real wealth from 'workers' to the elite. All large systems eventually move towards the 2nd Law of Thermodynamics.
Gold is the only world asset which is simultaneously nobodies' liability.
Gold clears daily in financial digital [formerly paper] futures contracts.
Reality - Owners of gold price currencies depreciation in ounces.
Gold is not going 'Up' priced in Federal Re$erve Notes. Your currency is depreciating.
Empirical Observation:
Institutional investors appear to recognize the fixed income market is unsustainable.
Financial Advisor 60/40 or 70/30 portfolios are good for the next class to be wiped out.
Silver, Copper & Nickel have tremendous fundamentals with supply destruction.
Gold relative to the amount of western world government debt created since the COVID Fraud and 2008 crash is an extraordinary lifetime distortion.
Gold remains as payment in full which commenced a bull market in 2001. It appears the 2nd phase of this market [institutional] is ready to begin as the weak hands are flushed.
Empirical Observation:
Kids still love financial derivatives of promises to pay on their phones [Crypto].
Research is starting to suggest "Kobayashi" [fictional invisible character in the movie 'Usual Suspects'] = OSS PsyOp front by CIA / DARPA Satoshi Nakamoto.
We're not so smart. As energy riders we are reminded daily of real energy.
Quite possible the significant disconnection from nature also has enhanced less reality. Exciting times.
Storing hard earned energy in 'technology' has greatly exceeded gold producers.
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Recent trip to San Francisco - city built by mining was fascinating.
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