Saturday, October 22, 2022

Who's In Charge?

The story is not that Lizz Truss made some bad decisions, the story is that the Market decides who is in and who is out. Not "The People", be they the movement , the mob, the voters or citizens. Or whatever. It is those running the central banks, the big investment firms, you know, Capital. “Markets are calling the shots right now,” Geoffrey Yu, a senior foreign-exchange strategist at Bank of New York Mellon,” told Bloomberg, referring to the mess in Britain. “That’s the bottom line.” Gamblers are in charge. And we all know how stable and rational gamblers are. The tragedy is that people still believe electing new leadership will change something. Some new insanely ambitious and cunning piker will inherit the calamity that is Great Britian. Could be a clown prince like Boris, Berlosconi or Trump, could be a fascist like Bolsanaro or Meloni or Putin. It hardly matters. Managed decline or accelerated decline, there's only a few more bucks to be made before the gamblers have to climb into the bunkers. But they will play till the end.

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