Midweek Memes

Stoking the Flames

I really like this Clif Notes version of events in England. Coming to a city or town near you if they can do it. Meta probably needs a boost with some backdoor government deals to use your pictures for some facial recognition software. I suppose all of those 15 minute city cameras they installed in London to track drivers carbon footprints weren’t going so well. They’ve got to track people somehow so they went to the foment a civil war plan B!

I’m sure it costs of lot of debt to get these wars going but where else is all that fake money going to go? There needs to be blatant two tiered policing, of course.

They’ve been itching to bring back the bad old days of Covid lockdown. Like these instituted on behalf of Kamala Harris’s VP pick Tim Walz. Do you remember this stuff?

During the height of it however the rules were loosened for Black Lives Matter protests. The lies were so blatant and brutal that one can only assume that it was being done to see how much people would take:

For now there seems to be a break in the news cycle. I don’t expect it to last as I suspect that they will do anything to keep our eyeballs glued to the screen. That said I see signs of stability, if you could call it that, on the stock market after the Bank of Japan decided to back off its recent interest rate hike.

The market madness was not even covered on the left. For me though these headlines suggest some financial illiteracy among the journalists that did cover it:

The market drop had very little to do with Recession Fears, which is a goalseeked number that can be massaged to mean almost anything any more. I doubt it had much to do with the powder keg in the Middle East especially, as killing and maiming is good for defense stocks. Yes, the Magnificent 7 tech superstars took a major haircut and I suspect that bubble may have popped. But I think these market moves almost entirely had to do with the yen carry trade, a $20 trillion dollar derivatives market that was blowing up.

To give the Clif Notews version financiers borrow yen at Japan’s ultra low interest rates and put it in anything with higher yields, earning free money for doing nothing. It does lead to inflation for the rest of us though. And a lot of smaller investors might have gotten wiped out over the losses, with many complaints that they could not log in to their brokerage accounts:

That said the ammo index needs to become a thing. Forget yen to dollars let’s start pricing in gold, goats and guns:

I sometimes wonder if the debt will ever matter. On the one hand all of that debt must go somewhere and a lot of what is coined clown world is the consequences of this malinvestment. On the other hand the money is all made up numbers and perhaps it becoming even more fake is the only solution. Does there come a point where people recognize that money is not tangible even while the goods we trade for are? Does it matter how many Brazilion kleptocurrency we have in a brokerage account that might not work when the casino wants to sweep all of the chips off the table for themselves?

I don’t think you needed to be Christian per say to be offended by the Olympics opening ceremony. This event is ostensibly being held to showcase the top atheletes in the world. You’d expect something choreographed and disciplined as opposed to a gay party of out of shape people, with dancers later mimicking dying suddenly. The whole thing seemed to be an insult towards those who worked their whole lives to be there.

I wonder what the closing ceremony will be?

It was nice to get a break from the drama, though I suspect it will be short lived.

I wonder what they have planned for us to watch for next week’s episode of “We Set the World on Fire for Fun and Profit.” Does anyone want to take a stab at it?

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