The Future and Patience

We live in a society that wants immediate gratification and that expects to see immediate change. It makes it very simple to manipulate them as they do not look into the distance and many things develop overtime. It is also a society where some changes happen in seconds, the stock market can do that. Because of computer trading, we sometimes see what is called a "Flash Crash"; but, these are merely what I refer to as temporary volatility moments, after them the market usually resets. What is much more important are the long term trends. I want to try to put this into perspective and give some current news stories.

The Independent - Watch out for the hot flushes (a few billion years away): Earth enters its mid-life crisis. Now whether you believe in God, we all agree that one day this world will end. The article says the earth has about 4.5 billion years left.

The Los Angeles Times - Banks pushing for repeal of credit unions' federal tax exemption. I don't think they understand how little respect people have for banks at the moment. After having received hundreds of billions in bailouts, they want to destroy credit unions.

The Guardian - IVF baby born using revolutionary genetic-screening process. Picking the perfect baby will be a choice in the future, actually, you can do it now and two families have. What is the long term impact of this. We won't see it for a decade or so; but, it will have an effect. They can screen out somewhere around 250,000 different genetic "defects". Imagine a world where 250,000 different varieties of humans living today will no longer walk amongst us. That lack of variation will mean that we become more susceptible to extinction.

Wall Street Cheat Sheet - Will Bernanke Acknowledge These Risks with Big Banks?. Here is a line from the article, "“Goldman Sachs, JPMorgan and Morgan Stanley are no longer just banks — they have effectively become oil companies, port airport operators, commodities dealers and electric utilities as well,” reads the letter sent in late June to the Fed chairman. ‘‘Such a dramatic intertwining of the industrial economy and supply chain with the financial system creates systemic risk.” Calling the big banks “sprawling global entities,” the lawmakers wondered whether the Fed was investigating the damage the current system could cause." See that word, "systematic risk", whenever you see that you need to read the whole article.

Yahoo - Reuters - Government to assign email addresses to all Iranians. Look here, how interesting, everyone getting a personal e-mail address for life. Watch it, it is coming to all nations.

The Telegraph - EU plots transatlantic bank regulator. Again, more infrastructure being put in place to reduce national sovereignty and increase international regulation. It will not happen in a day; but, it is coming and the rules have already been written. It may just take sometime for the systems to be finalized.

I Got Kicked Off a Website Again

I was a contributor to a website. I got kicked off because I caught them doing something naughty naughty. LOL. I was kicked off one before because I did something naughty, I was rude. This one kicked me off because I caught them doing something. My daddy was very smart and in law enforcement. He taught me something. He taught me about Modus operandi. He told me that people will keep doing what works until they get caught and that eventually, they all get caught. LOL.

Now let me explain how social websites work. Hmmmm. This could be fun. Social media websites are run by real people. It takes a lot of time and a lot of effort. Usually Moderators are not paid and they have to commit to monitoring for hours a day. They are dedicated and must be moderate in emotion or the site will fail. The moderators and owners know your IP address and have access to everything that you ever post including internal correspondences using their site. They have the ability to edit every post and every correspondence; but, do not do such things because then everyone would know as some of us also interact in the real world.

Lets talk about Tiger Woods for a second. You see, sometimes forget that I am an analyst and not just a blogger. Tiger Woods used to go to Las Vegas to have sex. He would have 20+ $2,000 a night hookers in his room and pick who he wanted for the night; but, they all had to be paid. This was done on casino owned properties. After doing this for years, one day, suddenly one of them gave him up to the newspapers. A week later another gave him up and then a week later a third. That is what led to his divorce and someone told his wife before it made the papers. Hmmmm.

Who gave up Tiger Woods and why did they do it? It cost a lot of money, he lost a couple hundred million in the divorce. The casino had to allow it to happen, why would they do that? Something with that whole story just never fit. Now back to the website that I just got kicked off of. I made a post, nothing spectacular and actually quite mundane. I got a response and then someone edited the response. No biggie; but, the person who edited the response was not shown as the same as the person who wrote the response. Okay, it could have been a moderator; but, it showed up as another casual user.

Lets go through the options and I do have my own blog and the person who through me off a social media site years ago was the owner and a friend, someone I truly love. I know how these sites work. My dear friend who tossed me off her site was redesigning it so that I could be allowed back on if I allowed my words to be edited and checked in advance. I am not very good with that; but, appreciate the effort she put in and her affection. The problem with that is that you accept being edited in advance of people hearing you say and I am not good with that.

Anyways, I caught this website doing something wrong and misleading and called them on it. I asked how such a thing could happen and they buried my question. They hid it from the others on the site. It was very respectful, I have had this blog for years and it is apparent how cautious I am not. I keep it kid friendly and pg13. I regulate what is posted here and so does every social media site. They want to hear what you have to say, so they edit after you have posted not prior. My blog edits prior and all media has that option on the web. I do hope my readers are understanding this.

Now one of the moderators of the site I have been kicked off of said that I had found a glitch in the system. How many things would allow one user to edit another users post? Lets think about this, the site automatically generated the name of the poster and the editor. On my site, I cannot edit your comments, I can delete, post or not post. That is how blogger words; but, when you own a site you can let anything happen that you want.

I have hundreds of comments on this blog. To post as one of them, you need to sign in or post as anonymous; but, the website merely records how you posted. If you wanted to edit someone else's post, you would have to log in as them and then it would be clear that you had logged in as them. You couldn't log in as me and have it show that you logged in as yourself. That just doesn't make any sense. You can do identity theft, you could log in on my blog using someone else's log in; but, you would show as them. You cannot log in and edit someone else's identity and show it as yours. I have never seen that in my life until this weekend on a major site that spends hundreds of thousands of dollars a year to keep their site up.

Got to go to bed kids, have a nice week.

Happy 4th and a couple or articles

Bangkok Post - EU accuses 13 banks of derivatives collusion. Here is a line from the article that I like, "These could include moving LIBOR, a global interest rate indicator, from London to Paris where it would be supervised by the European Securities and Markets Authority." In the end control over the markets will be internationally regulated, believe it.

Fox Business - Euro Takes a Hit as Reserve Currency.

After posting the last link, I decided to go the Fox Business' main page and found this. Major Road Blocks Linger, But Driverless Cars Are Here to Stay. I love this line, "At the end of the day, it’s inevitable. This is going to happen," said Karl Brauer, senior analyst of Kelley Blue Book. "We’re going to get to the point where we are going to have the ability, if not the requirement, to have the car doing all the thinking for us." I also like this line, "One solution would be if the government were to require that everyone buy an autonomous car (probably not feasible), or if it gave a deadline for people to purchase basic technologies such as vehicle-to-vehicle communication systems that allow cars to speak to one another on the road."

And finally this. Rianovosti - Sexy Russian Spy to Snowden: Will You Marry Me?
and her picture.

I wrote about her story when she was arrested for spying in the United States and was sent back to Russia. I dated a Ukrainian for a bit, I love their accents. For some reason that I have not quite figured out, Russian women love me. This particular Russian woman is bad news. Her father was KGB and she was a spy.

Going to bed, feeling better and some news.

The Pimpernel had a mild case of heat stroke. I hope I am better now. Here is some real news.

The Telegraph - EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues. How not surprising, predicted and discussed on this blog already. It is a show, the script does not change and bail-ins will occur.

Alex Jones - The Federal Reserve Is Paying Banks NOT To Lend 1.8 Trillion Dollars To The American People. I hate to use Alex Jones; but, they summarized it well regarding the money that is being held, parked while it could be invested in the United States.

Yahoo - Reuters - Fed pledges to get tough on Wall Street as adopts Basel rules. The establishment of international law over monetary policies is in effect. I even wrote about Basel in the last few weeks and discussed this.

Muggy and Hot and News

I am an old desert rat and can usually handle the heat; but, not when it is humid. I don't do well with humidity and it has been over a 100 degrees and humid. I went to church yesterday, it is not air conditioned and came back completely drained. I took the day off and have been pumping in the water. Getting old is not as much fun as I thought it would be. I will post a couple of news articles and go to bed early.

ABC News - Putin: Edward Snowden Can Stay in Russia on One 'Strange' Condition. It makes perfect sense, the condition is that he stops working against U.S. interests. Putin also mentioned that Snowden is not one of the agents. There are rules to the game. Neither the Chinese or the Russians want to be involved in this one and neither is surprised that we data mine, they do too.

EMERCON of Russia - Several documents signed during joint work of Russian Emergency Ministry and FEMA. Heck, the Russians are even coming to America in the even we need help in an emergency.

Wired - Mad Scientist Sees Future Where We Sell Our Quantified Selves on eBay. This is a short article and well worth the read.

Yahoo - CNBC - Central Banks Sell Record Sums of US Debt. Keep an eye on the stock market this week.

Who Knows What I Will Post, Not I

Yahoo - Reuters - Cash hard to raise as Fed jars credit markets. Banks are having to double up on how much cash they keep on hand and credit is going to be harder and harder to come by. This will cause deflation.

Yahoo - Reuters - World's bankers meet, pressing for clarity on regulatory change. It is all a show kids. I have previously said how this will turn out. Bail ins are the future.

Investment Week - Warning of new financial crisis as bond yields spike.

Politico - WSJ, Dow Jones to 'restructure'. Not sure what is going on here; but, it is definitely worth keeping an eye on.

Yahoo - Business Insider - Two Of China's Biggest Banks Have Stopped Lending At Some Of Their Branches. Credit is going away, what will it mean to prices.

The Telegraph - EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues. Let us all say it together, bail ins, the decision was made long ago, this is now just a show to let you know.

Basically, nothing has changed. We should expect stock market volatility and eventually the crash and bail ins. That is what the world is putting the infrastructure in place to deal with. Lets consider this, the world has been setting up laws to deal with massive and systematic failures of large banks. Why do that if everything is okay? The United States has been practicing and putting in place laws to deal with civil disturbances and training the military to deal with them. Why do that if you don't expect something to happen.

Now that we are past that, what is it that we should be keeping our eyes on? The solution to the coming problems. What is the solution and what will it mean and how willing will you be to go along with it?

I don't know what the news will bring; but, I don't just want to write about the economy. Perhaps I shall post more music.