Taken from today’s Bankless podcast with Macro Alf [32:57] that for whatever reason feels very appropriate and relevant to areas of my life much more than just the economy.
Hyman Minski, someone much smarter than I am, once said that "artificial stability actually breads instability". That’s what we are trying to do, we are trying to create this artificial stability. Kill the business cycle, kill the market volatility, kill everything, just control everything, and the federal reserve is communicating along the lines of that.
In blackout, look at that, they cannot communicate ANYTHING, they cannot communicate that they want or are considering doing 50 [basis points cut]. So what do they do? They communicate through our friend Nick Timeraos from the Wallstreet journal. So Nick is a very good journalist. He is known to have their ear or actually to be the ear of Federal Reserve speakers during blackout periods.
It’s like patterns in the fractal that is society, ripple through all layers of the social network of humans in one way or another. I’m not able to describe what I’m seing very well. Of course there’s also the possibility of confirmation bias, and "seing faces in clouds", but honestly there are just way to many oddities for them all to be explained by that. In life, as with the economy large manipulations are visible at the macro level.
And this isn’t my first rodeo. This has been happening for years at this point, and progressively escallating.
And as far as I know, aside from the occasional cup of coffee, I’m completely sober, and have been for years, not that I ever had substance abuse problems, though like many I had some fun times at university, which was a very very long time ago now.
It feels like society is reaching some form of new era, where things making sense is going to start breaking down.
Anyway, 'nough said for now. #