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Wednesday, December 10, 2014

Ourobouros and the melt-up


We appear to be entering a very dangerous phase. The system is using deceit to cover the fact that it is creating its own investment. Like flying by pulling on your bootstraps, it can't work, so it won't.

Frances Coppola has been discussing Juncker's plan, and a commenter explains how a dodgy trader's scheme will get the money in and straight out again - with doubtless nice fees and bonuses for the illusionist.

This is "melt-up" territory. If you get it exactly right, you will make a fortune, and if you don't, you'll lose your shirt. I've never claimed or wanted to be that sort of adventurous trader, and goodness knows what happens to the ordinary person during and at the end of this Wild Ride.


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Paddington said...

I've said it before. technology has now made the big incomes based only on moving money, rather than actually doing anything. I wish I had a solution, other than a meltdown.

A K Haart said...

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