Fake Markets, Fake Electorates & Dangerous Technology
Posted by jsg on Jun 02, 2021 in My Rants, Ramblings & Daily Updates
In the early 2000's this uneducated deplorable, would listen to the ads for liars loans and think, I don't know how this is possible. It wasn't. Today I will go over our financials with my wife and we'll discuss how we did last month. I do this each month much like I did for my bosses in the corporate world. When it comes to our investments, I've told her for quite some time that I don't know how I should be handling them because what we're looking at isn't real. Our lowest returning fund currently has a 10 year average return of just under 12%. That's under performing in this market and that isn't real. Broad markets do not and cannot have these kinds of returns in a real world.
On the eve of the 2016 election, I was engaged in an online debate. All indications were that Trump was wildly popular yet Clinton was forecast to win. I stated that evening that I didn't understand the electorate. Just after the 2020 election, I'm having much the same discussion with the same person and I was drawn back to that earlier conversation. Then it hit me. I don't understand the electorate, because the electorate isn't real. Today Matt Breynard, Bobby Piton and Douglas Frank along with hundreds of volunteers are proving that it isn't.
I dropped out of the debate over COVID early on, because the data was so bad I didn't see how it could be the basis for a discussion. The observations of this simple minded, uneducated deplorable, didn't match what I was being told.
Our political world and financial world are as fake as the TV show you likely watched last night and you are dependent on them for communications, food, energy and healthcare. You awake yet?
A few lines of code that most of the people on this page don't understand can interrupt or control everything I just wrote about.