Home > Central banking > Sanity returns to the UK faster than the US or Oz

Sanity returns to the UK faster than the US or Oz

“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.”
Friedrich Nietzsche

“In a mad world, only the mad are sane.”
Akiro Kurosawa

“The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.”
Marcus Aurelius

“I’m not insane. I merely completely and utterly refuse to accept society’s notions of reality as being any more valid than my own.”
— James Norlin

And the very best one of all, from a fantastic book that every investor should read:

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.”
Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds.

The Bank of England is finally waking up from the mad delusion regarding the benefits of financial deregulation (a.k.a. organised embezzlement) faster than any other nation. 

Then again, the Old Lady is very experienced dealing with embezzling shysters and criminal counterfeiters, having been alive for over 300 years, since 1694.  She’s seen it all.  Lovers cannot seduce the Old Lady for long without having to prove their metal.  And the current crop of City bankers have proven to be very poor at the art of seduction.  Intimidation, counterfeiting, criminal fraud, embezzlement – well, that’s a different story.  I admit they have certain skills in the parallel universe in which all financial Mafioso inhabit.

The younger, more naive Federal Reserve (only born on Jekyll Island in 1913) and the very young pup of Oz, the RBA (only born in 1949) are still in the thrall of Ponzi’s embrace.  They’re veritable virgins at this game.

Their hearts are going to be broken.

I weep for the innocents who continue to be seduced, drugged and viciously, brutally gang raped by the bankers.

When will these innocents learn from the Old Lady of Threadneddle Street?  Do not meet bankers bearing gifts in the back streets of the financial district. 

In central banking, when you are being raped no one can hear you scream.

Categories: Central banking
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