Discussion about this post

User's avatar
HardeeHo's avatar

As I noted some time ago BlackRock joined Vanguard in backing away from ESG. The guys at the top have changed course, but the guys in the middle and ends haven't fully embraced the changes.

Stupid banks really ought to fail and a few ought to suffer a bit getting skimmed by a 15% hit. But the Fed clearly wants to avoid a hint of a haircut. Don't know if that can be sustained. Meanwhile inflation (devaluation) hits the public with much more than a 15% haircut over time. It's the only way to amortize the debt, sadly. Those with decent investments won't be as badly hurt as pensioners with a fixed dole that won't follow the devaluation as closely. OTOH, a lot of zombie companies will fade away.

Don't know about the next pandemic, but the mandatory stuff will face huge public opposition. We were lied to and many are much more aware of the lies and the harms they saw for themselves. It has reached the 60% almost and we know that some 30% remain stuck in the nominal 1/3 ratios we always find. The point is that we passed the 50% mark of public opinion.

Geriatric leaders or HPD leaders? They need to be allowed to retire on their winnings. Wonder if they will?

Expand full comment
Bilbo'sBitch's avatar

The difference between the old WASP oligarchy and this new one is the former never exhibited this kind of mass depravity or promoted degeneracy on this scale. We are in uncharted territory--a society with a predatory elite that normalizes every kind of depravity and attacks our society at its roots. It's not gonna end well.

Expand full comment
15 more comments...

No posts