"The Predator State" is the title of the latest publication by Professor James Galbraith (son of J.K.).
In the words of the man: "The Predator State refers to the takeover of state power by private interests masquerading behind conservative principle and basically acting for private clients and private profit."
This is the crux of the matter.
As the Economist states: "In a fight, the regulators have the legal power. But the financiers have the political power."
This post, which is a sequel to "¡Que Se Vayan Todos! - All Of Them Must Go" that we churned out last week, addresses the progression from where we stand now on the cusps of Depression to the Real demise ahead, and assesses the mechanics of decline as well as the paucity of intellectual robustness behind the free market capitalist model.
Reflexivity, Behavioural Economics, Psychopathic Personality Disorders, Fractal Mathematics, an Analysis of Shadow Banking and Markets, the Instability of Government Finances, the Black Market, Global Regulation, and Darwinism and Markets are all incorporated into a Collective Scenario Analysis of the state of play.
And we use the word "play" deliberately.
For that is what this crisis represents to the insiders - a game, a competitive and volatile opportunity where serious money may be made by correct market timing.
Ah! The Dichotomy of the Insider - informing all and sundry that everything is hunky dory when, in Reality, Hanky Panky and his hocus pocus ensured that everything is, in fact, Something Awful.
The remainder of this post and the market advices included within are solely for the delectation of our ever-expanding group of subscribers.
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