Debt Jamboree or Debt Jubillee, Whilst we are on Exponentials ( R,0 anyone ) What about “Money Printing”? #ConquestofDough

 December 2, 2020


Rationalizing Usury: the Time Value Hoaxby Anthony Migchels on December 11, 2013

The Devil Went down to wall Street

The devil went down to Wall street he was lookin ‘for a soul to steal
He was in a bind’ cause he was way behind
And he was willing to make a deal

When he came across this young man
lookin for capital and making it big
And the devil jumped up on a hickory stump

And said, “boy let me tell you what I guess you did not know it but I’m a Finance player too
And if you’d care to take a dare I’ll make a bet with you”

“Now you got pretty good ideas, son but give the devil his due
I bet a Cross of gold against your soul I think its a Debt Jamboree for you”

The boy said, “my name’s John Doe
And it might be a sin but I’ll take your bet and you’re gonna regret
I’m the best that’s ever been”

Johnny you takin up your yoke and work long hours hard
‘Cause hell’s debt Jamboree broke loose in Wall Street and the devil deals the cards

And if you win, you get this shiny fiat made of air
But if you lose, the devil gets your soul

The devil opened up his Vault and he said, “I’ll start this show”
And fire flew from his fingertips as his usurous Debt Jamboree he Sowed

He dragged the rates across the tracks and it made an evil hiss
The band of demons joined in and it sounded something like this

When the devil finished john Doe said “well you’re expensive, old son
But sit down in that chair right there and let me show you how it’s done”

Jubilee on the mountain, run boys run
The devil’s in the house of the rising sun

Chicken in the bread pan pickin ‘out dough
Granny does your Vig bite, no child no

The devil bowed his head ’cause he knew that he’d been beat
And he laid that golden fiddle on the ground at john Does feet

Johnny said, “devil, just come on back if you ever want to try again
I told you once, you son of a bitch , the answers a jubilee”

He played, Jubilee on the mountain, run boys run
The devil’s in the house of the rising sun
Chicken in the bread pan pickin ‘out dough
Granny does your Vig bite, no child no

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https://surplusenergyeconomics.files.wordpress.com/2018/05/tpsi_009_perfect_storm_0093.pdf

 

 

The BOE rate rise yesterday is Significant I think, Carney I think has been an appalling Governor and his misstatements have been political wishful thinking lacking objective rigor in my opinion particularly on Brexit.
A friend sent me this article today.
MTF
Attachments11:49 PM (9 hours ago)
to me
https://www.theguardian.com/business/2018/aug/02/countrywide-shares-plunge-70-after-emergency-cash-call
Housing market wobbles
Roger Lewis
Attachments9:05 AM (10 minutes ago)
to MTF
The executive chairman, Peter Long, blamed the company’s woes on the “completely wrong” strategy pursued by the former chief executive Alison Platt, who resigned in January.
Platt sought to run the estate agent like a retailer, bringing its sales and lettings businesses together and concentrating expertise centrally with local branches functioning like shops, a plan that triggered an exodus of middle management.
“It completely destroys the business model by saying it’s a retailer and saying we don’t need management expertise locally,” said Long. “You disempower people, demotivate them and lose key expertise.”
He said high debt, racked up during an acquisition spree in 2014 and 2015, was “compounded by the perfect storm of a chief executive getting the strategy completely wrong”.
Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk
Long doubled his salary to £360,000 when he took over the day-to-day running of the business from Platt, adding the role to his vice-chairman’s seat at travel group Tui and the chairmanship of Royal Mail.
But he insisted he was not overburdened, despite also dealing with the fallout from last month’s pay revolt at Royal Mail, one of the largest shareholder rebellions in corporate history.
He said Countrywide’s performance was improving, vowing that a turnaround plan could result in the company making an £80m underlying profit within three years.
Blimey, this bloke has got more front than Selfridges Mike. The Retailer Strategy is clearly a way of squeezing wages and overburdening tick box valuers in centralised pools with little experience of Local Market nuances and idiosyncrasies.
That activity is down 22% what does that mean for prices? have they also plummeted or are said Centralised Valuers presently still holding the line and pretending that overblown assets values are sensible.
How much debt is secured on Hypothecated London Real estate world Wide? that could see some pretty serious knock-on effects especially in pricing counterparty risks in the new iterations of CDF’s and ETF’s and Syndicated Debt Book exotics.
Perhaps the rise in BOE base rate yesterday was the Tallyho into oblivion that has been on the cards for so long Mike. Tim Morgan has stated he thinks the Autumn will bring the Grim Reaper to call in the debts of the party stragglers.
Where are the Exits and Who has discretely exited, I think a peek at Executive options cash-ins and Stock sales might reveal some interesting contradictions, not least with this Long fellow.
On 02/08/2018 7:17 PM, Roger Lewis wrote:
BOE Raised Rates today, if the fed does same that could start the serious rot, How stretched people are seems lost on the PTB
Japan..3rd biggest world economy…owns 40% of listed companies…only buyer of govt debt..debt to gdp 224% (>Greece)..annual interest bill 24% of govt revenues.
Gotta be something wrong there…when it blows there will be a big bang all over the world.
In 07/08 it was said that it was BNP Paribas closing a fund for redemptions that started the market rethink & then a crack in confidence & then calamity.
Is this a similar event?
I guess I may sound like a Daily Mail reporter.
Roger Lewis
Attachments8:53 AM (18 minutes ago)
to MTF
Its a small step in logic from Markets are Built on Confidence to Markets are a Confidence Trick, Mike. The Financialese these people resort to is one thing but this quote made me wince, “The board of directors and the management team are committed to considering all avenues to optimize shareholder value as we continue to build on the many achievements to date,” he said in a statement Thursday. Later in the article, it is said these people failed to beat the market for 5 years and trailed peers in 98th place out of one hundred, some achievement for a bunch of paper-pushing gamblers.
Finally, the final line on the BBC website explaining what the Interest Rate rise means.
https://www.bbc.co.uk/news/business-45043776
the Bank published what it thinks is the natural interest rate for the UK economy.
It puts that at between 2% and 3%.
That relatively low rate is partly due to an ageing population.
Older people tend to save more and in the future, that will provide a greater pool of savings for lending to households and industry and help prevent the economy from overheating.
Roger Glyndwr Lewis
‏
@RogerGLewis
Retweeted Patricia
Glad you said it, I was dumbfounded.
Roger Glyndwr Lewis added,
Patricia
@PatriciaNPino
Bank’s don’t lend savings!!
It’s difficult to overstate the level of incompetence required for @BBCNews economic commentators to say this. And these are the ppl who educate the public ffs. …
One has to ask if the BBC is content to regurgitate Banking as intermediary tripe when will it ever admit or even begin to understand the connection of surplus energy and Prosperity?
https://surplusenergyeconomics.files.wordpress.com/2018/05/tp0510_tpsi_report_005_lr1.pdf

´´The aide said that guys like me were “in what we call the reality-based community,” which he defined as people who “believe that solutions emerge from your judicious study of discernible reality.” I nodded and murmured something about enlightenment principles and empiricism. He cut me off. “That’s not the way the world really works anymore.” He continued “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality—judiciously, as you will—we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors … and you, all of you, will be left to just study what we do.”
Suskind, Ron (2004-10-17). Faith, Certainty and the Presidency of George W. Bush. The New York Times Magazine.

https://en.wikipedia.org/wiki/Reality-based_community

https://en.wikipedia.org/wiki/Karl_Rove
JP MORGAN FOR ANALYSTS BULLSHIT///SHOULD READ “CUSP OF FINANCIAL CRISIS”
https://surplusenergyeconomics.wordpress.com/2019/09/02/155-the-art-of-dark-sky-thinking/comment-page-4/?unapproved=14883&moderation-hash=fd4a8466d6dc58a584abddcfe4aa6932#comment-14883

IS THIS A PROPER MANDATE FOR A CENTRAL BANK?

http://members.optusnet.com.au/exponentialist/MalthusScale.htm

Mitochondria – The Molecular Clock

Recent scientific articles, using a molecular clock based on differences in mitochondrial DNA, put the African origin of modern humans around 120,000 to 200,000 years ago. In this case I have gone back 100,000 years and assumed a founding population of 1 kilopop (or 1 A-pop). Then I’ve added some estimated milestones using Historical Estimates Of World Population from the US Census Bureau and the “Atlas Of World Population History” by Colin McEvedy and Richard Jones (1978):

Table D. The complete history of global human population doubling on the New Malthusian Scale. The current human population of the Earth is roughly 6 C-pops.
Note: 1A-pop = 1024 pops, 1B-pop = 1024 A-pops, 1 C-pop = 1024 B-pops etc.
This would put everyone alive today somewhere between the 22nd and 23rd population doubling (which is considerably less than the number of generations that have passed in this time). Even if the parameters change (say, starting at 200,000 years ago with 1,000 individuals), it would be easy and yet accurate to use the New Malthusian Scale to quickly model the required population doubling. It would also be possible to accommodate temporary reductions in the global population during these population doublings. For an example look at Table B from Darwin’s Views on Malthus. This table compares the population growth of Europe, the USA, China and India in a typical Malthusian way (through the proven mechanism of population doubling)
Note also that the time varies between population doublings. This is to be expected given that the annual rate of growth itself varies. Refer to my article The Scales Of 70 for an explanation.
I hope this article has been useful in demonstrating why the generational model should be discarded in favour of the population doubling model first proposed by Malthus (1798).
References
Bryson, Bill. A Short History Of Nearly Everything. Doubleday. 2003
Collins English Dictionary Fourth Australian Edition. Harper-Collins
McEvedy, Colin and Jones, Richard . Atlas Of World Population History. 1978
Ohno, Susumu. The Malthusian parameter of ascents: What prevents the exponential increase of one’s ancestors?. Proceedings of the National Academy of Science. 1996. (web site accessed 2nd September, 2009).
Sagan, Carl. Billions and Billions: Thoughts on Life and Death at the Brink of the Millennium. Headline Publishing, 1997
Scientific American. An Evolution Special.
Science Daily. ‘Most Recent Common Ancestor’ Of All Living Humans Surprisingly Recent. 2004 (web site accessed 2nd September, 2009).
US Census Bureau. Historical Estimates Of World Population (web site accessed 2nd September, 2009).
http://members.optusnet.com.au/exponentialist/Exponentialist.htm

Author: rogerglewis

https://about.me/rogerlewis Looking for a Job either in Sweden or UK. Freelance, startups, will turń my hand to anything.