Dumb, Dumber, and Dumbest! Who?
If I confront you with my smart phone screen and show you a virtual Ice Cream Cone…and you then start to lick my screen (thinking that the cone is real), I would label this action Dumb! Now if you had a ‘group think’ following who then displayed this same behavior, I would label this action Dumber. And if a new person watching this human behavior then started to lick this virtual image ice cream cone (as if it was a real cone), I would label this behavior as Dumbest. What is my point? Why this example?
Lick this cone if you think it is real!
My example relates to many of our Hard Money commentators who continue to assume that our cyber ‘dollar’ is identical to a printed ‘dollar. Can these commentators (some of the most sot after speakers by the Hard money crowd) actually lick, smell, hear, observe, or feel this cyber unit which I show within my computer screen (our current cyber ‘dollar’)? It is not possible to lick a cyber dollar ($) and this also applies to a virtual ice cream cone. Neither can be accessed with our five senses, directly. Yet, after years and years of trading cyber dollars, many of our Hard Money commentators and financial pundits continue trying to imply that our ‘cyber’ dollar and our ‘printed’ dollar are identical. Listen to the ‘words’ of these commentators!
Lick, smell, feel, hold, listen to these ‘cyber’ currencies if you think they are real!
I witness this mentality every day as these Hard money commentators express their views on our economy, our various currencies, our dollar, and on issues like inflation/deflation. The vast majority do not seem to comprehend (now after some 15 + years) that we live with ‘cyber’ currencies and ‘cyber’ money. Printing is a minor function today…and not even used by 95% of those who transact money. The digital age has been here since 1998 and yet the vast majority of Hard Money commentators still can not discern the difference between a ‘cyber’ currency unit and a ‘printed’ currency unit. Why this disconnect by supposedly intelligent and smart individuals? The difference is significant as ‘cyber’ currencies are really imaginary units!
Listen to all the Hard Money commentators at this upcoming conference! Listen to their ‘words’ and discern the ‘group think’ mentality (of most) on issues of money!
My personal sense is that most of these commentators have adopted Group Think within their specialty and this prohibits/prevents them from thinking seriously as an individual. The nature of our currencies and our money is right in front of our faces. Yet a few discern the changes which have occurred since 1998 and the vast majority do not. This is shocking and disappointing to my teacher mentality. Group Think is powerful and I witness this psychology (within groups) in science, religion, finance, economics, philosophy, politics, and regular social communications. Group think is difficult to shed and self thinking is generally not pursued by those who desire to belong with their particular GROUP.
The nature of Group Think is everywhere and within all types of people! This phenomenon is so pervasive that most are unaware of its nature!
Our markets are now nearly 100% digital and within cyberspace. Yet the vast majority of Hard Money commentators, pundits, and newsletter writers avoid getting OUT of this Group Think mentality on many issues. What would it take to shake this group up and get them to THINK as individuals? I don’t think it will occur until they face some personal difficulties and loss of confidence in their current agenda. If all their followers were to drop their subscriptions to these publications and newsletters, this might help. Anyway, that is my rant on this issue. I have written on it many time in the past. I will need to do so in future moments of now! Enjoy this day! I am: https://kingdomecon.wordpress.com.
Some humor on this issue of Group Think!
P.S. the Group Think on the issue of price manipulation and price suppression (of silver/gold) is also an interesting phenomena. The vast majority of commentators ignore this issue…which has gotten so obvious to me and a few others. Cyber currencies are ideal for cyber manipulations and cyber price suppression schemes. Go watch traders in real-time! I leave for Las Vegas to learn more at this years Traders Conference. It’s all about algorithms, robots, cyber currencies, and cyber trading strategies to earn more cyber profits.
This ‘tick’ chart (red line) reveals a $0.70 slam of silver in real-time from trading activity! Naked shorts can create this result in milliseconds!
A great strategy for suppressing silver/gold prices is called the ‘naked short’ strategy! Currently, the digital shorts exceed the physical trading by some 225 times (as no actual settlement occurs)! This creates an artificial ‘supply’ (within the computer screen) but NO actual change in physical supply (in the warehouse). What is a good ‘name’ for these imaginary trades of digital silver/gold where no physical is involved? Would price ‘suppression’ be an appropriate label? What about ‘price’ manipulation? Watch a ‘tick’ chart for price manipulations in real-time! Download an APP of live trading activity for your smart phone!