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Reasoned, Relevant And Often Contrarian Commentary On Economics


October 24
I'm an electrical engineer and mathematician by training. My career has spanned diverse areas of expertise from being part of a team which designed the world's most powerful computers to corporate consulting around business transformation and information-based solutions to being a corporate sales and marketing executive in the information technology and business consulting space. I’ve led teams responsible for innovative and transformative solutions and been part of teams that helped set strategy for many of America's greatest companies. Two of my interests are econometrics, democratic finance and quantitative - qualitative analysis. Over the years I have developed risk-based models and trading systems meant to identify significant investment opportunities and periods of extreme risk. My blog is an outlet for another of my passions, writing. I generally consider myself a contrarian. Therefore, many of my rantings are meant to encourage people to question what they believe to be true. Terms of Use & Disclaimer: First off, I don't take anything on here too seriously and you shouldn't either. These are simply sardonic rantings of Bill, my alter ego, often meant to agitate for peaceful & nonviolent reform. This web site reflects the views of its authors. It is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than its authors. The information on this site is provided for discussion purposes, comedic relief and entertainment only and are not investing recommendations. The authors may have positions in securities mentioned herein. Under no circumstances does this information represent a recommendation to buy or sell securities. While information discussed on this site was gathered from what are believed to be reliable sources, in no way is informational accuracy guaranteed. All information on this site may contain errors and omissions. Trading and investing involves high levels of risk. Always consult a licensed financial advisor or broker before making any and all investment decisions. Authors of this site and any sites which are fed by said site, including Open Salon and others, will assume no responsibility for the actions of the reader and user. Readers and users agree, as condition to accessing this site, to release and hold harmless this site's authors from all liability in connection with this site or any views posted on this site. All readers and users of this site agree that use of this site requires acceptance to the current Terms Of Use & Disclaimer and that current terms include any and all use and material from site inception. If you do not understand these statements in their entirety or do not agree to be bound by this current agreement, you must immediately discontinue use of this site. This Terms Of Use & Disclaimer may change at any time and it is the reader's and user's responsibility to review, understand and abide by any updates.

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MAY 7, 2012 9:32AM

Marie Antoinette And Her Wall Street Cronies Are In Trouble - Hollande Wins French Elections

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If you have been granted riches by serving society in some method of invention or medicine or science or service to humanity or countless other manifestations of truth, then your intent was driven by virtue on some level.  It ain’t likely to be some story about the Dalai Lama but you were seeking to advance society or civilization in some manner.  You had some net positive impact.    If you inherited your wealth, well, then you are just plain lucky. 

On the other hand, if you became rich through corporate predation, monopoly, lobbying to overturn the rule of law, politics, finance (banking, insurance, financial advisor, economist, hedge fund manager, mutual fund manager, MBA, the investor class, Harvard finance professor, real estate agent, private equity aka Mitt Romney, etc) or other methods of control that are consumers of capital rather than creators of wealth, well…..  then you didn’t create anything.   You didn’t move the ball forward in the game of life.  You are literally a burden to society.  A tax on society.  You took your wealth from someone else.  It was a transfer payment that is absolutely no different than welfare.    That is an economic fact.  You are Maria Antoinette.   Except, unlike those who people who actually use welfare as a means of survival, your welfare was taken from society by force.   You may view yourself as virtuous and you may actually be personally virtuous but you are living in a dream world as far as economics is concerned if you think your work matters.  It doesn’t.  At best you are an administrator and as such your salary, while it most certainly should be a living wage, should reflect that your economic status is a tax to society.  At worst, if you are making an enormous sum of money in any of these positions, you are an economic predator. 

As we have discussed ad nauseam for the last seven years, we are in the biggest financial bubble the world has ever seen.   It’s impacts on every aspect of our existence are well beyond the obvious.  When that bubble pops, we can expect the world to change so profoundly, it will not be recognizable.  Change is imminent.  And, it won’t be the change Barack Obama or Nicholas Sarkozy or Angela Merkel are trying to foist upon us.  It will be change foisted upon them.   All in due time. 

François Hollande may not know anything about economics and he may be of absolutely no help in solving this crisis but if he keeps his word, he is going to be one of the forces that starts the beginning of the end of the financial bubble. 

Karma is a bitch.  Marie Antoinette and her Wall Street cronies are in serious trouble.  It’s just a matter of when.

Vive La France.

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I don’t know much about François Hollande yet, but as far as I can tell after reading the headlines this mourning (that’s all we will get before the corporations start spinning it) my immediate reaction is this is another vote for Socialism in a civilized (educated) country. Ms. Antoinette will be taking a serious pay cut in the near future. Hopefully it is a glimpse of the faith that shall befall all of Ms. Antoinette’s friends. Great short essay take the extra who out of it.