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Human Knowledge doubles every two (2) years! Implications!

February 13, 2015

Our human knowledge (financial, scientific, social, and philosophical) doubles every two years. This is amazing and very positive in the longer run. Today, I would like to focus primarily on financial knowledge and that which is emerging globally. I just read in the Wall Street Journal that Stephan Ingves, Central Bank Governor in Sweden, initiated a policy of QE (official counterfeiting of the krona to the tune of 10 billion new cyber digits) and also negative interest rates for some transactions. This is what Bloomberg reported (see below):

Stephan states ‘inflation’ a concern (but ‘deflation’ is occurring)! 

 

Swedish Shocker: Riksbank Cuts Rates, Launches QE

2/12/2015 8:19AM

Another day, another Nordic central banking surprise: The Riksbank cuts rates below zero and launches QE (10 billion of new krona), Swedish style.

Where did Stephan learn about this operation called QE and Negative interest rates. Stephan has learned this new knowledge from prior actions and policies of administrators like Ben Shalom Bernanke, Mervyn King, H. Kuroda, and Mario Draghi. He now knows how to ‘type’ new Swedish krona digits into the master computer in Stockholm to increase his bank account. He can then use this increase in digits (our cyber money) to purchase Swedish government assets. He most likely learned his ‘negative interest rate’ policy from the Central Bank of Denmark (who has used this policy for many months). Yes, new financial knowledge continues to accumulate every day, month, and year and then doubles (globally) every two years. We all learn from each other!

What is happening in Greece, Iraq, Ukraine, and Russia? New knowledge is emerging daily as leaders and the public learn about new consequences of their behavior/actions. The Greece situation should provide us with lots of new knowledge on whether the policy of ‘austerity’ will prevail over liquidation of debt. Over in Iraq, we are learning that this government is unable to create the ‘unity’ which American leaders assumed would follow after a Mr. al-Abadi assumed power. In Ukraine we now have a new ‘peace’ agreement which seems unlikely to last more than a few days. In Russia we learn that a new payments system for their banks has started. Here are a couple of tit bits:

(IraqiNews.com) A local source in Nineveh province announced on Thursday, that the ISIS group has cut off the hands of three women without charges, and whipped five people for using cellphones to contact their relatives in central Mosul.

Comment: this behavior is derived from one interpretation of Sharia law (Law can be punishing).

KIEV/DONETSK, Ukraine (Reuters) – Ukraine said on Thursday that pro-Russian rebels had reinforced their positions with tanks and missile systems in east Ukraine while marathon four-nation talks were taking place the previous night.

Comment: this action reveals new knowledge and suggests that the recent ‘peace’ agreement may not last more than days. New killings have already started.

Eurozone finance ministers will meet again Monday for crunch talks on how to keep Greece solvent, and in the euro, after a first round of discussions ended in failure Wednesday night.

Comment: Will any agreement resolve the ‘insolvency’ situation of Greece? Can ‘insolvency’ be resolved with new debt? The absurdity of all this may take another two years of ‘knowledge’ for these leaders to understand!

Russia’s new National Payment System is up and running. The first five Russian banks processed their initial payments via MasterCard on January 30, according to Russia’s Central Bank.

Comment: This is positive as the ubiquitous Swift payments system may eventually be replaced.

New human knowledge is emerging daily. The problem, as I see it, is that WISDOM appears to be lacking! Our DOW index has now reached 18,000 +. Does this new level indicate prosperity and growing wealth? Confidence now is near an all time high (some 98.3%). Many now think that all our serious financial problems are over! Along with knowledge we do witness growing deception! That is my view for today! Enjoy! I am: https://kingdomecon.wordpress.com.

 

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