Futuret MARCH 26, 2015 AT 8:44 PM MORE INSPECTION ON THE GLOBAL ECONOMY:
daneackerman MARCH 26, 2015 AT 8:52 PM Hello dee. Here is a cool Web page that may give some information on trades and such. It’s pretty fun to tinker with also:)
deejj87 MARCH 27, 2015 AT 2:09 AM What a neat tool, thanks Dane! When I fly, HSBS had posters in the airport terminals about what the future will be like in short blurbs. Some about data, some about economy. More programming to prepare our minds for a huge shift (although some of it is creepy). This is in Canada.
Dripfood I thought of you when reading this article for the brain activity and such:)
dripfood MARCH 27, 2015 AT 10:59 AM Thanks Dane, interesting article, althought like their test subjects, the researches failed to grasp how the brain creates the illusion of happiness through acquiring stuff.
The truth is that not-wanting induces hapiness. Buying something causes the wanting to cease temporarily. This is what creates the feeling of satisfaction: not wanting anything!
But the brain makes the wrong conclusion and interprets the act of acquisition/consumption as the source of happiness; a gross misinterpretation and the cause of all addictions:
The act of wanting creates the feeling of lacking that which you want.
The relaxation of wanting creates peacefulness. So I’d suggest we all take the short route to happiness and relax the contraction of wanting and imagining what we lack.
Too bad the misinterpretations within the brain don’t show up on fMRI :-)
Daneackerman MARCH 27, 2015 AT 11:53 AM Thanks dripfood. Yes I can vouch for what you say. But can add that not wanting also opened the door for me to also shed desire which also included the desire for other positive aspects of building my human character. Such as building and maintaining my virtues. So I had to back up and realize the difference even there. Lol. Life is so grand.
Laetitiavocatur MARCH 26, 2015 AT 10:10 PM Hey JC, Just a quick thank you for the information provided. I think what sets your analysis apart from others is that your blog is forward thinking and exploratory whereas almost everything else i read is just a reactionist statement of current affairs expressed through whichever prejudice the reporter happens to harbour, All the best, Luke
MetaTrader (@MetaTrades) MARCH 27, 2015 AT 7:59 AM JC, I love all your work and how informed you are, but I’ve been meaning to ask you something. I would love to get your full opinion on Bitcoin and other cryptocurrencies (ripple, ethereum, etc) in general if you have researched it adequately.
It’s quite a rabbit hole subject and most economists don’t realize that the underlying technology behind bitcoin is a genuine computer science breakthrough and not some funny money ponzi scheme. If you familiar with the topic it might even be worth it own’s blog post.
As for my thoughts on it eprosnally, while I don’t know if bitcoin the currency will be around in 10 years, I do believe that the technology (blockchain technology, which is the decentralized ledger) will be.
There’s probably a decent chance you haven’t researched in depth yet and might think negatively about it because of all the headlines last year about the price decline. I’d encourage you and anyone else to check out these 3 links as good starting points:
FROSTY SNOWMAN (@FROSTYSNOWMAN13) MARCH 27, 2015 AT 4:31 PM JC, I have only recently found your blog and I would like to thank you for sharing your insights in the public domain.
It is very refreshing to read critical thinking that covers the wider spectrum of what’s taking place in our world as opposed to all the Zombie Apocalypse collapse nonsense.
I must also say that I agree wholeheartedly with a number of your posts that suggest that things are not as complex as they appear. Personally, I see patterns in my daily corporate life that give substance to your theories. My favourite is multi-lateral cooperation.
Many corporate employees simply cannot see the wood for the trees with this one. Exec’s talk .Leaders within pension funds who own corporations make decisions and cut deals. It’s no different geopolitically. The sooner this can be appreciate, the better prepared you can be for what is coming.
P.S. the event calendar in front of us for moving to SDR has lighted a few bulbs in my mind regarding something I’ve struggled to rationalise for a while.
Back in 2013, sizable futures contracts were put on to buy gold at $3000 per ounce by December 2015. When these contracts were bought, there was no news whatsoever to support such a position. I doubt very much this was a punt! Do you have any thoughts on this? I have included a link below.
Roger Parness MARCH 27, 2015 AT 10:42 PM Gold bugs are too depressed to have thoughts on such prognostications. How much is spot for Prozac? Brother can you spare an SDR?
Frosty Snowman (@FrostySnowman13) MARCH 28, 2015 AT 11:04 AM Ah yes, the poor Gold bug. No doubt sweating razor blades at the thought of the price reaching $3000…
All I’m saying is that I couldn’t connect any dots at the time to explain why someone would by more than 7000 futures contracts against the price trend and pick that particular expiry date.
Perhaps JC’s analysis and logic has given us the answer. Perhaps in a world where the RMB is partially backed by Gold prior to it being given a significant share of the SDR basket, someone, somewhere believed a $900million position in the market was a good idea. I guess we’ll see 9 months from now.