Wednesday 6 October 2010

money in wires

The information age is upon us...that probably seems obvious...now i can create wealth hitting bottoms on a keyboard which manipulates a large system of bid and ask...if i sell higher than i buy and i am long, i am in the black...if it goes the other way, i am in the red...the shorts go opposite...nothing is created and i am participating in an excess economy...there is no utility value created..."money for nothing and chicks for free" as the old song goes...now this seems intrinsically problematic from a moral perspective...in a zero sum game if I get then some one else loses...but capitalism is based on expansionary realities...i get, you get, the peasant in Guatemala gets... to grow coffee because in the west we all need that and so on...so to jump around we now are in a bull resource market due to an increase in population and the growing confusion over valuing fiat currency which will drive the price of gold higher...and where gold goes the other metals will follow...even diamonds...mmm...or maybe things will be different...I'm long junior stocks

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