Fiat's First Spectacular Flameout?
From the Desk of Don Yocham: |
| | | | | | | | | | | | | For the Love of CultsNothing better represents the perils of narrow-minded ideology than a cult.
Jim Jones and his socialist utopia in Jonestown. David Koresh at Waco. Marshall Applewhite and Heaven’s Gate. They drove themselves and others off the cliff to see their one-dimensional ideas through.
You could argue that they at least had belief. But belief absent respect for the unknown yield’s extreme arrogance. And extreme arrogance got them, and their followers, killed.
Well, Central Bankers have a cult.
They reject epistemic humility – a respect for the unknown and unknowable – by presuming the ability to balance the needs and wants of billions of individuals.
After all, they are the high priests and priestesses of money. By secret knowledge gained through sacred texts, they are shown the true price of money.
Duty bound to shepherd money towards Nirvana, the Money Mandarins presume themselves adept at ushering in a more prosperous, stable world.
Unfortunately, that extreme arrogance is about to lead the rest of the world over an ideological cliff…
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PS> Tomorrow I'll tell you how my group and I are playing what I believe to be the coming crash of the Yen. To trade the play alongside us, you can join join our trading group. Anyone can with a brokerage account can put it on.
If you want to get more up-to-the-minute thoughts about the Yen crash, join my free Telegram group any time you’d like.
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For the Love of Cults Nothing better represents the perils of narrow-minded ideology than a cult. Jim Jones and his socialist utopia in Jonestown. David Koresh at Waco. Marshall Applewhite and Heaven’s Gate. They drove themselves and others off the cliff to see their one-dimensional ideas through. You could argue that they at least had belief. But belief absent respect for the unknown yield’s extreme arrogance. And extreme arrogance got them, and their followers, killed. Well, Central Bankers have a cult. They reject epistemic humility – a respect for the unknown and unknowable – by presuming the ability to balance the needs and wants of billions of individuals. After all, they are the high priests and priestesses of money. By secret knowledge gained through sacred texts, they are shown the true price of money. Duty bound to shepherd money towards Nirvana, the Money Mandarins presume themselves adept at ushering in a more prosperous, stable world. Unfortunately, that extreme arrogance is about to lead the rest of the world over an ideological cliff… PS> Tomorrow I'll tell you how my group and I are playing what I believe to be the coming crash of the Yen. To trade the play alongside us, you can join join our trading group. Anyone can with a brokerage account can put it on.
If you want to get more up-to-the-minute thoughts about the Yen crash, join my free Telegram group any time you’d like. |
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