The illusory market.

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I have just realized that I have been rattling on about High Frequency Trading ( HFT) without justifying why they should be subject to a World Aid Commission of 0.05%.

I have and still do advocate that the vast accumulation of wealth and political power” that is currently undermining democracy in the west must be caped in order to contribute to the world as a whole and not just the rich.(See previous Postings on Sovereignty Wealth Funds, Foreign Exchange Transactions and High Frequency Trading.)

The stock market has become a virtual space – an interactive, computer-driven system of staggering complexity. An Illusory Market. In many ways we’ve all become vassals again.

Why do I call it an Illusory market. Because the market that the investor sees when he looks at his monitor, is anywhere from 1,500 to 900 milliseconds old. That doesn’t sound like much, because the blink of an eye is 300ms. But that’s a long, long time in the world of HFT. 

HFT have been around as long as computer systems have been in our lives.

As computers get more technically advanced, trading practices have increased in size and algorithms have become more sophisticated. The trades are done at close to the speed of light. Remarkably, HFT firms have moved their server farms near an exchange computer to further increase trading speeds.

High Frequency Trading (HFT) involves the execution of complicated, algorithmic-based trades by powerful computers.

The objective of HFT is to take advantage of minute discrepancies in prices and trade on them quickly and in huge quantities. Algorithms trade on price movements past a certain threshold, corporate actions, price ceilings, price floors, and discrepancies in bid/ask spreads. The trades are executed without any human action except for initial programming.

In most cases, the trades are executed before individual investors know the quotes of prices, or that the trades happened at all.  For instance, a computer recognizes when one exchange quotes an ask price of one cent more than the quote on another exchange. This computer then trades in extraordinarily large volumes on this information, taking advantage of the arbitrage opportunity in a split second. Before individual and other investors who do not possess the same sophisticated technology realize, the one-cent spread between the two exchanges is erased and the stock price trades at the same level. There are entire hedge funds devoted to this strategy.

Managers pool capital based on a proven computer technology and allow the program work for them. In addition, large trading shops incorporate these HFT strategies as part of their overall practice. Such large volumes of HFT trades are being executed that most of the liquidity in daily trading is a result of these trades. By some estimates, HFT makes up 60 to 70% of all trades done in the US on a daily basis and 40 percent in European markets.. Other estimates project that if these strategies keep proliferating at their current rate, 80% of trades will be HFT trades by 2015.

It would be naive of me to think that we could stop using HFT purely for morality’s sake. When large amounts of money stand to be made any Morality goes out the door.

When an algorithm is processing information, this last one doesn’t consider if its actions will have consequences for third parties; the only target is to make money, it is totally irrelevant as what is happening around. Whether it is fleecing the public – the ordinary savers and workers with pensions is the least of its worries.

It is Greed personified.

 

High Frequency Trading Profitability Potential
Trading Frequency Average Maximum Gain per period Range Standard Deviation per Period Number of Observations in the Sample Period Maximum Annualized Sharpe Ratio*
10 Seconds 0.04% 0.01% 2,592,000 5,879.80
1 Minute 0.06% 0.02% 43,200 1,860.10
10 Minutes 0.12% 0.09% 4,320 246.40
1 Hour 0.30% 0.19% 720 122.13
1 Day 1.79% 0.76% 30 37.30
*The Sharpe ratio is also called the Reward-to-Variability Ratio.  It measures the excess return per unit of risk.

The above chart shows the potential for higher returns exists based on the strategy alone.  In fact, the Sharpe ratio is over 200% higher for the 10 second trading frequency than for the 1 minute frequency.

Perhaps it is naive to believe that morality should even come into it.

O! by the way when you are bidding on those Internet Auctions site you are up against bid sniper software, which is placing bids on items milliseconds before auctions ended.

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The democratic crisis of capitalism: Can capitalism and democracy even coexist?

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This subject has vexed many a mind, and will continue to do so for yonks with no solution.

Capitalism is paraded as the indomitable system that brings prosperity and democracy, the system that would prevail unto the end of history.

Is there is no alternative to market society, or capitalism, and to democracy neither.?

If you’ve ever pondered the issues surrounding the tenuous relationship between democracy and capitalism, most likely, you’ve considered them as both foreign and abstract (much as the elite media often does).

Most of the world is capitalist, and most of the world is neither prosperous nor particularly democratic. In fact, we must question the very possibility of genuine democracy in a society in which capitalism is the basic economic system real democracy is absent in both.

Democracy is now more than ever under threat from a variety of forces originating in the transnational capitalist economy.

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Are, say, China and Russia authoritarian, capitalist or both at the same time? Can Middle Eastern countries use their sovereign wealth funds to build prosperous free-market economies while those nations also deny their citizens basic freedoms? Do transnational corporations that operate under the aegis of repressive regimes prove that capitalism can exist wholly without democracy?

The challenge of resolving these conflicting views is perhaps the most fundamental issue facing the world apart from Climate Change which they both created in the first place and now has the potential to destroy them both.

For a quarter of a century, we have tried the approach of polite incremental change, attempting to bend the physical needs of the planet to our economic model’s need for constant growth and new profit-making opportunities. The results have been disastrous, leaving us all in a great deal more danger than when the experiment began.

Free markets were supposed to lead to free societies. Instead, today’s supercharged global economy is eroding the power of the people in democracies around the globe. Welcome to a world where the bottom line trumps the common good and government takes a back seat to big business.

The savage global capitalism we have today is already entering into crises that will create enormous social and ecological damage, some of which is already obvious.  In the corporate world of “free-trade,” the number of billionaires is increasing faster than ever while the number of people living in poverty is growing at a faster rate than the world’s population.

Poverty spreads as wealth accumulates.

Finding new ways to privatize the commons and profit from disaster is what our current system is built to do; left to its own devices, it is capable of nothing else.

Taxpayer-sponsored bailouts of — and direct subsidies to — particular politically connected industries effectively employ our democracy’s public power to undermine capitalism’s notion of “creative destruction. Which leads me to wonder then, why aren’t people (like you?) who claim to align themselves with democratic ideas and ideals insisting on it at every turn and railing against all the non-democratic and anti-democratic systems and structures that stand so obviously behind this thin façade called social democracy?

In a democracy, the social contract is ours to forge and ours to live. Our freedom of thought and action to pursue happiness liberates us from a life of slavery to someone else’s ideals. But nothing comes for free, and to say yes to something we usually need to say no to something else. This leaves us with a few choices: what do we do as individuals–how can we become the change we wish to see in the world?

Democracy isn’t a difficult concept to grasp and it doesn’t require specialist knowledge or years of education to be practiced – in fact, illiterate and uneducated people can ‘do’ democracy just as well as the most scholarly…it’s a great leveler in that respect.

So why is that democracy must be diluted and subverted, smothered with disinformation and media puffery.

Perhaps it is because a  populace with high expectations about its standard of living and a keen sense of entitlement, pushing for continually better social conditions, is not the plutocracy’s notion of an ideal workforce and a properly pliant polity. Corporate investors prefer poor populations. The poorer you are, the harder you will work—for less. The poorer you are, the less equipped you are to defend yourself against the abuses of wealth.

If you want an example just look at what is happening in the USA where capitalism is wedded to democracy,

It costs approximately $1 billion to become president, $10 million to become a Senator, and $1 million to become a Member of the House.

These conditions have corrupted American democracy, turning it into a system of rule that favors the wealthy and marginalized ordinary citizens. This is why corporations are now citizens, money is political speech, limits on corporate spending are a form of censorship, democracy is a free market, and political equality and democratic integrity are unconstitutional constraints on money in politics.

Don’t tell me that this is not reflected in the European Union.

Taking a step nearer home we see another fine example in the recent referendum on Scottish Independence. Where the sense of Nationhood became blurred in the face of Capitalism. Hopefully it’s knock on effect will see the replacement of the first past the post system of election in the UK which is designed to blunt the impact of popular demands. Conservative forces continue to reject more equitable electoral features such as proportional representation. They continue to create barriers to voting such as electrical boundaries while rolling back democracy’s social gains, such as public education, affordable housing, health care, befits,  collective bargaining, a living wage and immigration.

We can have democracy with wealth concentrated in the hands of a few. You can have one or the other.

The case for free market capitalism is one of efficiency.

Interference is a burden and drag on performance that generates cost to all of us and thereby limits how well and how quickly we evolve.

Capitalism essence is the transformation of living nature into mountains of commodities and commodities into heaps of dead capital. When left entirely to its own devices, capitalism foist its diseconomies and toxicity upon the general public and upon the natural environment–and eventually begins to devour itself.

The immense inequality in economic power that exists in our capitalist society translates into a formidable inequality of political power, which makes it all the more difficult to impose democratic regulations.

We are subjected to power, as opposed to being the rightful and democratically empowered wielders of power… Are ‘modern societies’ necessarily democratic societies and capitalist (or: market) societies?

Take of instance the conflicts that have arisen in our societies in recent years—the backlash over globalization, the financial crisis, the European debt crisis, and many others—have parallels in history that led to global conflagration.

Worse still, the government bailouts are themselves being turned into an opportunity for pillage. Not only does the state fail to regulate, it becomes itself a source of plunder, pulling vast sums from the central bank money machine, leaving the taxpayers to bleed. We now have banks and their share holders anticipating fines, setting aside large sum.

Free-market corporate capitalism is by its nature a disaster waiting to happen.

The pressing questions are:

How or should we stop the capitalist system from devouring itself?

How can we promote a fair allocation of benefits and burdens.

How can we affect the changes in the social contract that will achieve the objective of social and economic fairness for which we can all subscribe?

How can we become the best we are capable of becoming and what changes to our economic system and our systems of governance are necessary to achieve that across society without undermining the real benefits to society of property rights and the freedom to contract?

How do we contract the in sustainability of the lack, or weakness, of comprehensive regulatory mechanisms the revival of the nation-state as the political form that created the historical possibility of inclusive collective self-determination.  While remembering that together with basic human rights, property rights and the freedom to contract have done more to advance mankind than any other force in history to date.

As you see it’s almost impossible to separate one from the other. Both are contaminated by each other.

We can choose to be audacious enough to take responsibility for the entire human family. We can choose to make our love for the world be what our lives are really about. Each of us now has the opportunity, the privilege, to make a difference in creating a world that works for all of us. It will require courage, audacity, and heart. It is much more radical than a revolution – it is the beginning of a transformation in the quality of life on our planet.

Capitalism excludes workers from deciding what is produced, how it is produced, where it is produced and how profits are to be used and distributed.

Good government must be able to create strategy for where our society should be heading and plans to get there for the common good of the people, future people, and the planet – all about true sustainability.

Private companies may fill a role to provide goods and services to fulfill that strategy within the plans.

So the question is.

Will the social progress of the twentieth century be preserved as we return to the wealth disparities of the eighteenth century? And will reform be impossible – is this tyrannical system now essentially permanent?

Imagine a country where the majority of the population reaps the majority of the benefits for their hard work, creative ingenuity, and collaborative efforts. Imagine a country where corporate losses aren’t socialized, while gains are captured by an exclusive minority. Imagine a country run as a democracy, from the bottom up, not a plutocracy from the top down.

It is my belief that no matter how we address the subject mans greed will never be removed.

There is only one solution and that is to tap into profit.

This can be done by creating a World Aid Commission  of 0.05% on all Foreign Exchange Transactions (Over $20,000) on all Foreign Wealth Funds Acquisitions and all High Frequency Transactions.

( Foreign Exchange Transactions are 3 Trillion a day.

Marauding Sovereign Wealth Funds are tapping directly into the money streams of the  world economy itself.

High frequency trading is secretive and mysterious. It rigs the markets in favor of the big guys with data cables. )

Such a Commission would create a perpetual fund of billions to tackle the world problems.

Will the Capitalistic world or any of our Democrat world leaders adopt such a commission. Of course not. So how can it be achieved?

When I started this blog it was my mission to use the power of Mobil/Smart phones to effect change. If we were to use our phones to send the United Nations millions of Twits/e mails requesting a people resolution to implement the Commission they would eventually have to table it as their communications could be jammed ever time we flooded their Organisation with the request.

The power of the mobile phone is only in its Democratic infancy.

You have the power to fire the shot heard ‘round the world.

This site might interest you: http://www.democracyatwork.info/

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There has to be a collective awarness of the greater problems facing the world , old and new.

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Two months before Christmas and we are already being bombarded with buy this buy that.

There are no boundaries within the market. There is however a growing need to introduce a new strain of humanity into Christmas.

Many of our present day problems are being caused directly or indirectly by technology. Take for instance the Impact of mass media on public opinion and individuals which no longer has to be demonstrated.

It is exposed us to select tit bits of information that are considered to be newsworthy every awaking minute of our lives. Television rarely takes the time to get to the heart of any matter creating a public feeling that we live in a world of problems so enormous that any individual action would be in vain.

As a result I am sure that part of the Public like images of war, death, underdevelopment, and children dying of hunger. 

However we would all do well to remember that the mass media (like Facebook, Twitter) all works on the principal of making profit selling information that attracts advertising.  It should not be the dominant influence, in shaping our lives and society. We need to adapt our aspirations and lifestyles to an ever more sophisticated and pervasive technology which has permitted the enjoyment of what has been seen as material progress.   

We have to decide if ” I am what I own” or ” I am what I do”

The more fundamental aspects of life have shrunk, including those of religion, ethnic identity, inherited values and beliefs, leading to hyper-individuality, selfishness of all types, over-consumption, and excessive search for distraction are all pushed into our conscious.

We need to re-establish genuine values. Moral values are eroded and flagrantly ignored by those who profess them.

Values need to be reinvented as old values can not handle such things as Genetic engineering for example.

A human Society cannot exist unless we are living together with the acceptance of differences and pluralism. We aspire to a shared well-being but it must be adapted to the present situation.

We need new International ethics to handle Climate Change and Conservation.  The gap between rich and poor, money because it divorced from economic realities and dominates the ambitions of too many individuals, the ethics of images, the ethics of solidarity, the ethics of action.

We must stop the manipulation of the public by the elite before they are frightened into a chilly self-withdrawal and don,t vote at all. There has to be a collective awareness of the greater problems facing the world , old and new.

We need a new sense of positive freedom not negative freedom.

Democracy and Capitalism is not working as the ordinary citizen has virtually no influence over their Governments. Money rules the roost with a lack of mass representation.

This has to change to enable the ordinary mans voice to be  heard.

“You know that man must desperately justify himself as an object of primary value in the Universe” Ernest Becker – The Denial of Death.

So this Christmas be a hero.

Society is only a symbolic action system and Christmas as we all know has been hijack by Consumerism and promoted by the Mass media.

If you want to renew the Spirit of Christmas it’s not receiving but giving that will give you a glow.

Instead of satisfying your own needs here are a few suggestions.

Open an Abundance Swap shop in you district, town,village, street.

Place a box beside your refuge recycling bin marked – Rubber washing gloves to battle Ebola. 

When you go to the Supermarket/Hypo market/ bring a Christmas rapped present. Place it in a trolley, or give it to the Checkout Assistant.

Visit an Retirement home or hospital with a box of unwanted books/DVDs.

Give a food voucher when you pass an unfortunate on the street.

Make a family donation to a hands on Charity.

Send ISIS a Christmas card. It might strict a cord and save a life.

Send a Christmas card to the United Nations requesting them to reform by removing the veto and allocating it to all nations.

Send a Christmas card your President or Prime Minister requesting sustainable policies not vote grabbing promises.

Bring your children to an Art Gallery or Museum

Make your own cards from recycled paper.

An another idea, try www.oxfamunwrapped.com

 

 

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Please feel free to add your suggestions. All comments welcome.

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WE SHALL REMEMBER THEM

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Today marks the 100th anniversary of the First World War, a global cataclysm. 

Like many I was watching the Televised remembrance ceremony at Cenotaph in London. It stuck me ( without any disrespect to those that lost their lives. Millions and millions dead.) that perhaps we are remembering the wrong thing.

What we realty should be remembering today, a century later, is the unfathomable, gory, wasteful and mad catastrophe that ended growth and left a de-globalizing world economy in the hands of statists or worse.

By setting it apart as uniquely awful we are blinding ourselves to the reality of not just WW1 but war in general. We are also in danger of belittling the experience of soldiers and civilians caught up in countless other appalling conflicts throughout history and the present day.

When World War started on July 28, 1914, every nation fighting thought it knew why. England, France, and Russia blamed Germany and Austria-Hungary, while the latter blamed the former. Socialists blamed imperialists, pacifists blamed warmongering leaders, and Americans blamed the Old World for succumbing to its usual barbarism. It shattered the old world in Europe and paved the way for Stalin, Hitler, and, in 1939, the second World War. Historians today often call 1914-45 a single crisis spanning 31 years.

The wars united modern science and the horrors of the Middle Ages.

A century on we still live with the consequences – and some feel global chaos in the air again.  An old, familiar order teetering.

To day war has evolved away from big groups of nations fighting other big groups of nations. Now we have bands of violent groups with no specific affiliation with any country at all.

The global political shakeups that stretched from the Middle East to Asia that are now familiar to most of us. Afghanistan has allowed jihadists to portray us as infidel occupiers, a potent casus belli that has arguably made Britain’s streets less safe than before departure may well plunge the country back into civil war – in which case, all our blood and treasure will have been for nought.

The financial costs are no less startling. Since 2006 we have spent at least £15m per day to maintain the British military presence in Helmand. By 2020, the UK will have spent, at a conservative estimate, £40bn in Afghanistan, 90 per cent of it on the military, equating to £650 for every resident of the UK, or more than £2,000 per tax-paying household. And for what? Successive prime ministers (but especially Gordon Brown) have told us that this war directly safeguarded Britain’s streets; it was a necessary evil in which we “fought them over there so that we didn’t have to fight them over here”. But this was true only immediately after 9/11, when Bin Laden was still hiding on Afghan soil.

Syria is currently the world’s most lethal and overall “biggest” war, with an estimated 170,000 deaths in the past three years, of which fewer than half were battle-related deaths but those made up a majority of the world’s total battle deaths in 2013. (The subset of battle deaths is more reliably counted through time, but does not include some categories such as bodies mysteriously dumped in the street or deaths from disease.) In 2014, fighting spread into Iraq, where Sunni insurgents control considerable territory and where in 2014 the most radical militants declared an Islamic State in Syrian and Iraqi territory they control. The war is internationalized by its spread into Lebanon where bombings and clashes happen regularly, and by the presence in Syria of both Lebanese Hezbollah and Iranian revolutionary guards fighting for the government and on the other side Sunni jihadists from many countries.

So perhaps We shall remember them needs the word learn added.

“We shall remember them and learn.” would be more potent.  

Consciously or unconsciously, the Great War should be in all our hearts before any call to arms with God on our side.

Religions are the scourge of life. How strange they preach peace,but promote violence. And people still believe in these religions as the one to follow for the answer to peace…My God! Are we a gullible species.

As Alexander the Great said once at war ” The will to fight. Nothing else matters in war. Not weapons or tactics, philosophy or patriotism, not fear of the gods themselves. Only this love of glory, which is the seminal imperative of mortal blood, as ineradicable within man as in a wolf or a lion, and without which we are nothing.

To day we have:

10 wars, 8 serious armed conflicts

 AFRICA:

(26 Countries and 166 between militias-guerrillas, separatist groups and anarchic groups involved)

Hot Spots: Central African Republic (civil war), Democrati Republic of Congo (war against rebel groups), Egypt (popular uprising against Government), Libya (war against islamist militants), Mali (war against tuareg and islamist militants), Nigeria (war against islamist militants), Somalia (war against islamist militants), Sudan (war against rebel groups), South Sudan (civil war)

ASIA:

(16 Countries and 138 between militias-guerrillas, separatist groups and anarchic groups involved)

Hot Spots: Afghanistan (war against islamist militants), Burma-Myanmar (war against rebel groups), Pakistan (war against islamist militants), Philippines (war against islamist militants), Thailand (coup d’etat by army May 2014)

EUROPE:

(9 Countries and 71 between militias-guerrillas, separatist groups and anarchic groups involved)

Hot Spots: Chechnya (war against islamist militants), Dagestan (war against islamist militants), Ukraine (Secession of self-proclaimed Donetsk People’s Republic and self-proclaimed Luhansk People’s Republic)

MIDDLE EAST:

(8 Countries and 187 between militias-guerrillas, separatist groups and anarchic groups involved)

Hot Spots: Iraq (war against Islamic State islamist militants), Israel (war against islamist militants in Gaza Strip), Syria (civil war), Yemen (war against and between islamist militants)

AMERICAS:

(5 Countries and 25 between drug cartels, militias-guerrillas, separatist groups and anarchic groups involved)

Hot Spots: Colombia (war against rebel groups), Mexico (war against narcotraffic groups)

   Joe Robinson Three generations on the military, Chelsea Pensioner Albert Willis, Yeoman Warder Paul Cunilffe and Captain of the Grenadier Guard Joe Robinson plant poppies at the Blood Swept Lands and Seas of Red evolving art installation at the Tower of London on October 9, 2014 in London, England. 888,246 poppies will be planted in the moat by volunteers with the last poppy being planted on the 11th November 2014. Each poppy represents a British or Colonial fatality in the First World War. The poppies are for sale with 10% plus all net proceeds going to six service charities.

 

Its time to change and to declare war on Inequality,Greed, Climate change if we are to learn anything.

 

 

We watch as a Civilisation thousands of years old goes to rack and ruin.

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"The Arab aid to Gaza"

If a van load of thugs arrived in your country and started beheading your brothers and sisters it would be reasonable to assume that you might get a bit cross. Not so if they appear thousands of miles away.

It must be one of the greatest questions as to why the Arab world with all of its wealth is so bent on self-destruction.

How do you engage with a culture where only yesterday one of its countries recommended to lift a ban on driving for woman over 30 who must be off the road by 8 pm and cannot wear makeup behind the wheel. (The Ban is part of the general restrictions imposed on woman based on strict interpretation of Islamic Shariah law.)

The problem is that Sharia is not just a set of laws, but rather an ideology that encompasses the Islamic way of life, covering topics from business transactions to food. The Koran, the holy book of Islam, uses the term sharia to refer to the revealed guidance and directives given by Allah.

The Koran does not explicitly say you have to cover yourself in this manner. The Koran basically says you should “cover” yourself, without being specific. It probably means, “Don’t run around naked”

As with many other religious scriptures, the reference to dress is open to interpretation and has been shaped by centuries of cultures in different nations.

We like to think all cultures are morally equivalent and hold the same beliefs as we do. They don’t and we have a long way to go to accept all our cultures in the meantime the Arab woman will achieve equality—but wisely, on her own terms rather than those of the western woman.

The atrocious treatment of women in the Arab world is well-known.

Forced to wear the hijab, i.e. headscarf

–          Forced to marry someone according to the family’s will

–          Must undergo excision “procedure”

–          Gang rapes for not “respecting” Islam

–          Killed by a relative because for “dishonoring” the name of the family.

It seems to me as we in the West are the driving force in history ( ignoring ancient history) that ever since the establishment of Israel the Arab world has being in a constant state of conflict. Whether they are interested in foreign affairs, emergent markets, human rights, understanding their heritage is a question still to be answered.

We on the other hand can hang our heads in shame of most of the history we have created. Now like in the past we are moved by an array of forces that we do not fully understand.

We have turned a blind eye to the Arab world for millennium out of fear of upsetting the price of Oil. As a result we are now ( for the last thirteen years) witness the destruction of one of the riches old civilization in the world – the Middle East.

Why is it since the Arab Spring that Arab countries seem to be incapable of creating countries that are stable?

Is it because since 9/11 we over react and think the solution is Democracy that creates countries that are supermarkets of Capitalism.

Those of us who are live in what we call Democracy are only just beginning to realizes that wealth has to be shared, that inequalities have to be remove, that values have to be restored, that power has to be reflected throughout the population, that freedom of expression, and religious beliefs must be respectful of the nation that they reside in if unrest is to be avoided.

The problem with Arab countries (some of which now can be difficult to call countries, Syria, Iraq) is that they are run by vile regimes cushioned by the wealth of oil and gas (which is running out) they remain hidden behind a religious belief that dominates all functions of life. (See previous post: To most of us the World of Islam seems incomprehensible)

Surely it is time that we heard from talented Arabs. Not those that are suffering from some pathological antipathy to democracy. But from intelligent humans that with common sense could remove religions beliefs from the functions of state to allow their countries become respected citizens of the world. I know that such a suggestion is repugnant to many Muslims but Islam is itself is an addict of modernization.

After all whether you like it or not we all share the world no matter what we believe in.  Then again if we all the same the world would be an extremely boring place. On the other hand none of us would exist or will exist if we don’t stop branding it with wars, abuse, and our beliefs while it is in our short time of care.

I am sure that if Mohammad or Jesus were around these days they would both preach that life is not a bunch of fanatics bent on killing and destroying the world and that Capitalism and Greed do not have to go hand in hand.

It becomes increasingly difficult to form an image of the future other than as either a perpetuation of the existing state of affairs or as a catastrophic obliteration of it. It seems that the exploration of the future has become too detached with Social Media from our present to be useful.

We find ourselves in a perpetual state of transition. We need to learn how to limit the pain and suffering of change as well as how to impact effectively on the direction of change. Then we can live and nurture change with pride rather than shame.

When we’ve found a way other than death to annihilate our beliefs, we can finally stop thinking one way or the other about it all. Go back to simply being alive. Neither selfish nor selfless, each one of us just another creature inside an ever-changing world of experiences.

Or would we be just exchanging one distorting lens for another. The problem is as old as time itself. It is becoming easier to imagine the end of the world than the end of capitalism.

Just look at nuclear power it is again reasserting itself, presented by governments and the industry, as a ‘savior strategy’ to the far more serious threats of carbon emissions and climate change. If democracy is to mean anything, it means that everyone gets to weigh in on the process of how these promises are made and renegotiated. The future city is expected to give us absolution for all our industrialized sins:

ISIS HAS BEEN CREATED BY US IN THE WESTERN WORLD. SURELY WE CAN DO BETTER. Western countries made a bundle selling arms to Arab despots. We can wiped Isis off the face of the earth at cost of many lives, but why bother when lack of fresh water will lead to further conflicts.

The water crisis can become an opportunity for a new form of peace where any two countries with access to adequate, clean and sustainable water resources do not feel motivated to engage in a military conflict.

If only Israel and Palestine political leaders promoted a one nation solution using the above truth they would achieve more in bringing lasting peace to the Arab world and all of us.

It would brake the back bone of ISSI and show the world a true example of brotherhood. In a few years opposing camps will have little choice but to co-operate and share resources, or face ruinous conflict. A moment’s glance at the strife and violence endemic in the Arab Middle East tells us that is a tall order.

We followed news reports stating different reasons for the uprisings happening in so many countries at once.  Poverty, repression, decades of injustice and mass unemployment have all been cited as causes of the political convulsions in the Middle East and north Africa

We don’t need a one world government. We need a one world people.

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Not long now when Machines will talk back to you.

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Not my usual subject matter but I could not resist imagining a world where every appliance starts talking.

Your man Jason Silva on You tube inspired this post by god wobbling on about the next big revolution of technology. Is he Bonkers.

The Concept of Everyday object aging and giving us feed back from their own consciousness he says ” promises to blur the distinction between self and world.” ” The entire World will have mind in it ”

He is right to suggests that it rattles his imagination.

He should stop waffling and pontificating utter dribble on the subject.  If he thinks humans need a link to tools to explore the Universe he has lost the capacity for long range imagination.

Man can barley communicate with each other never mind the internet of thing. It time he addressed the real world problems.

Have a look http://youtu.be/wL34vk-On3o

Anyway lets looks.

Lying in the vast Promised Land between connected things that are obviously useful and things that are uselessly awful, are connected appliances. Yes. Appliances. That connect to the Internet.

This night mare is not in the so distant future.

So lets imagine a sentient refrigerator that automatically inventories items as you load it, knowing not only what the item is but everything about it, such as when it expires or what it could be used for.

Start pulling out eggs and flour and chocolate chips and the home prompts you with a chocolate chip cookie recipe and tells the oven to pre-heat itself. (That’s right, oven. You listen up when ‘fridge is talkin’!) And, since we’re in the future, the recipe will display on the counter from an overhead projector.

You’d never misplace anything again, because your clothes will have RFID tags and the home will know exactly where your missing sock went. Of course, it won’t tell you, because your wife figured out how to program it and is screwing with you.

On the surface, you might scoff at the idea of a smart refrigerator. “Why do I need a machine to tell me that my milk has gone bad?! And maybe I like day old milk. Did the ‘smart fridge’ ever think of that?! The lumps are where the flavor lives! Not so smart now, are you fridge?!”

Web browsing and integrates with Google calendar, allowing the family to keep their schedules in sync. You can use the screen to keep tabs on items you need at the store, so you won’t forget that you drank that last of your Beer and desperately need more. You can also input items into the screen, letting the fridge know your food inventory. In turn, it can suggest recipes, generate supermarket coupons and notify you when something is about to spoil.

You can then use your smart phone to increase ice production prior to that big party, ensuring you avoid the humiliating “What do you mean no ice for my scotch?!”  The modules can also put the system into energy-saving mode during vacations or notify you of any service issues. Also, you can get an email informing you that a door has been left open, which is helpful if you’re still home but will fill you with dread all day long if you’re already at work. If you’re so smart, fridge, shut the damn door yourself!

As technology advances, the ability for the fridge to automatically know the food you have on hand – either via RFID or maybe just scanning your receipt – could be incredibly helpful; it might even find an answer to the eternal question of, “What can I make with four carrots, a jar of mayo, two tins of ketchup, something that is possibly with an onion and six cases of beer?” Also, the fridge could become like a personal diet coach, shaming you with stern texts as you go for that midnight ice cream or just locking you out altogether.

Isn’t the future amazing, and you wonder what Google ambitions are.

Do you really need a smart appliance? Probably not.

Do you think that’s going to keep appliance manufacturers from bringing more and more of them to market in the coming years? Of course not! This tech is on the horizon, whether we want it or not, so you may as well get ready for it. At the very least, it might make your daily chores a little less soul destroying.

If nothing else just think of all the fun that the Anonymous hackers can have!

O! and by the way that is only the fridge wait till everything starts communication with everything else.

  

 

 

 

What is prevents us from collaborating in a global effort to solve the climate crisis?

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The expression, not a hope in hell comes to mind when you consider the likelihood of human beings working together. Human beings are deeply divided by nationality, and sectarian belief and the environmental crises.

Most Societies that have perished have done so through neglect and self delusion; they have failed to rise to the challenges they faced.

It is much more difficult to understand human history than to understand problems in the field of science. But do we see the historical of human societies shaping the modern world?

No.

Instead the great majority of us are passive robots helplessly programmed by  the Media, must have advertising, short-term memory, and the capitalist mantra I am all right Jack.

Why?

If we were serious about caring for the world, about people living in the misery of poverty, now and about future generations we should be mobilizing resources to develop sustainable technologies with the single mind determination seen when countries prepare for war.

So riddle me this; While it is with you, it is with me. It flies without wings.

While it flies, our out of date World Organisations struggling to function in a quagmire of power struggles all disguised by the cloaked language of Foreign Policies.

While our Capitalistic Societies is encouraged to consume 24/7 in order to drive our economies of the sake of vast profit made by computer algorithms.

While our real values are being privatized by Sovereignty Wealth Funds.

While mass immigration will be the result of ignoring Climate change.

While population growth is unstoppable.

While inequality is leading to conflicts.

While the effects of antibiotics are becoming diluted.

While Social media is distorting the truth.

While extinction of animal life accelerates.

While we spend trillions on space exploration.

While we watch our finite resources diminish.

While we all see are the pictures of the world below,

.     JAN GOLDSTEIN    

Is it not time to do something before Inequity and Greed the two elements that contribute the most to the Worlds problems, destroy us all long before Climate Change.  We can talk till the cows come home, but all our Political ideologies will fail till the distribution of wealth gains traction, which can only be achieved by Capping Greed.

Conventional wisdom’s seldom collapse on their own. They collapse only when challenged, only when advocates for change trust forward initiatives that expose the bankruptcy of the conventionally wise.

(See previous posts. What 0.05% Aid Commission could achieve)

Feel free to add to the while lists, perhaps someone in a while might read it before time runs out.

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Quantitative Easing – enough money to stretch from earth to the moon.

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Popular media’s definition of quantitative easing focuses on the concept of central banks increasing the size of their balance sheets to increase the amount of credit available to borrowers.

Theoretically, this leads to increased spending results in increased consumption, which increases the demand for goods and services, fosters job creation and, ultimately, creates economic vitality. (a simple explanation)

The idea is that by making it easier to obtain loans, interest rates will drop and consumers and businesses will borrow and spend.

So why are we most of us still struggling to make a living?

What in fact is happening is that a flood of cash has encouraged reckless financial behavior and directed a fire-hose of money to emerging economies that cannot manage the cash.

As I understand it the sole purpose of money is as a stable measure of value that facilitates the exchange of goods and investment. Quantitative easing, by its very name, involves the corruption of money’s sole purpose as a stable medium of exchange.

If only life were so simple.

By destabilizing the value of money, Quantitative easing works against the very investment that would drive economic growth. It’s supporting the very government spending and housing consumption that got us into trouble to begin with. It is the horribly obtuse notion that central banks can produce real economic growth through their monetary machinations.

It is financing the ongoing economic hardship through its expanded borrowing of bank reserves. invest in emerging markets, commodity-based economies, commodities themselves, and non-local opportunities rather than to lend to local businesses that are having difficulty getting loans.

Quantitative easing policies have benefited mainly the wealthy. For example 40% of those gains went to the richest 5% of British households.

Quantitative easing cash ends up overwhelmingly in profits, thereby exacerbating income inequality. The consequent social tensions that arise from it, is fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy.

It is a primary driver of income inequality.

It might well have been better saved if insolvent firms, institutions like Banks had been allowed to restructure through bankruptcy, and our central banks had provided credit only to sound banks on a short-term basis.

What we have now is central banks selling the assets they have accumulated and it wont be long before interest rates start to climb, choking off what they call the recovery.

Technically, a central bank could become insolvent ( although its liabilities are essentially costless) in a manner similar to a commercial bank. In practice, the situation is very different because a central bank’s assets and liabilities are different from those of a commercial bank, and because the central bank can issue money to meet its obligations. In effect, they can bail themselves out by printing money.

I am no financial ingenious guru but the evidence of Quantitative easing seems to me to be a devaluation of buying power of your money. A good first step in avoiding such a lack of confidence would be to start unwinding the QE policies.

When we look back it might have been better to have put a million in the bank account of ever citizen, which they could have drawn down over twenty to twenty-five years provided they cleared their mortgage, took out health and old age insurance. This would have stimulate the economy for all.

As I said I’m no financial adviser and I’m certainly not “rich, my advice to anyone reading this post  ”Rather than settling for a wage (and be “owned” by bosses), you should be come owners.

Have a look at the below. All comments welcome.

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Because the Fed’s—it does not pay interest on Federal Reserve Notes and typically pays no interest on reserves—it almost always remits money to the Treasury.

Since 2008, however, the Fed has sold off virtually all of its short-term Treasury securities and acquired instead longer-term Treasuries and the debt and MBS issued by Fannie Mae and Freddie Mac.

These securities are riskier relative to those normally held by the Fed for two reasons.whether a central bank can become insolvent, therefore, centers on what it can do to cause the public to lose confidence in its currency. A good first step in avoiding such a lack of confidence would be to start unwinding the QE policies.

 

 

Even the invention of quantitative easing is shrouded in it did raise economic activity a bit. controversy. that central banks have the capacity to keep inflation in check if the money they have created begins circulating more rapidly.

When Money Talks.

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There can never be power, of a political or economic nature, without responsibility.

WHILE OUR WORLD LEADERS AND OUR WORLD ORGANISATIONS ARE PREOCCUPIED WITH GROWING THE ECONOMY TO THE DETRIMENT OF OUR PLANET AND EQUALITY THE POWER OF MONEY HAS ANOTHER ALLIE SOVEREIGNTY WEALTH FUNDS.

When Money Talks, undue financial power is affecting their policies.

We are all abhorred by the rise of ISIS, the pending disaster of Climate Change, the spread of Ebola and the current conflicts in the world but if we are not vigilant we are all going to end up living in a Privatized World – Called World Corporate Inc.

I think that where ever there is money there is power.  A critical point that we are all ignoring at our peril.  This is why it’s necessary to put the lime light once more on Sovereign Wealth Funds. ( See Previous Posts)

Now I don’t believe sovereign wealth funds will tilt the balance of power in the near future. However someone must put them in their proper context, because the forces that give rise to sovereign wealth funds are in fact already beginning to influence the balance of power in a global.

With all that is going on in the world you might think that this is a storm in a tea-cup, but Inequity and Greed are the two elements that contribute the most to the Worlds problems.

At the moment there is SWFS designed to affect trans-generational wealth transfers, and those designed to enable economic stability as a result of changes in global production forces, are resource-based funds designed to transform physical wealth into financial wealth.

Historically, political power was created by military power.

Now the question is, instead of armaments, if I’m bringing investable dollars, does that actually play the role that nuclear warheads used to play in an earlier geopolitical era?

Global economic forces are tilting or, as I like to say, reorienting – and the pun is absolutely intended – the balance of power.

What we are seeing is a conscious effort to leverage shifts in capital flows and momentum for economic development into a degree of political power globally, whether they are in the form of blocks or even as individual entities.

The immensity of these foreign exchange reserves exceeds the typical buffer that a country requires, thereby enabling these rich states to make strategic foreign investments buying critical foreign assets, resources, energy, land, air and water.

The top 400 of these “global public investors” hold about $29 trillion in assets—equal to about 40 percent of the world’s gross domestic product.

State sovereign wealth funds from China to Africa are reshaping the global economy and at their current growth rate will surpass current U.S. economic output by 2015.

By 2016, analyst group Global Insight said the funds, which grew 24 percent a year in the last three years, would outstrip the current output of the European Union.

The Lethargy of our Political leaders is allowing Sovereign wealth funds (being non-transparent) to invest globally for political or strategic purposes. They are supported them by pushing Privatizations of public assets.

Example: The New proposed Nuclear Plant in the UK to be built by the EDF is 40% financed by a Chines SWF against guaranteed. EDF will receive a guaranteed power price of 92.50 pounds per megawatt-hour for 35 years, more than twice the current market rate, once the plant begins operations in 2023. The Hinkley Point C project has been agreed between the UK Government and French company EDF Energy and its two Chinese partners – China National Nuclear Corporation and China General Nuclear Power Corporation. The decision could lead to China taking a future majority stake – and even be allowed to own up to 100 pc – in the development of the next generation of British nuclear power. And England wants out of the EEC. Immigration comes in many forms. If your English have a look at what else SWFs own in your back yard you will be surprised.

The lack any enforcement mechanism to monitor these funds is lunacy. In spite of the fact they have been around for years, so much remains to be understood about their processes and activities. Companies should consider contractual provisions requiring disclosure of the SWF’s policy purposes, governance framework, financial statements, general voting approaches for risk management and legal relationship with other state bodies.

We should be concern that as government-operated investment funds, politically captured, used to distribute patronage and undermined by corruption the ongoing transformation in the global balance of power over the past and the future decades is going to end up

Accepting money from an SWF comes with some risk—at least on the surface.

THE current shift of financial power from multi-national organisations such as the World Bank to be used to effect none-financial outcomes.

China:  Never in world history has one government had so much control over so much wealth. China’s overall trade surplus has enabled it to run up the world’s largest current account surplus (US$213.8 billion) and amass foreign exchange reserves of US$3.3 trillion. China holds one-fifth of all foreign-owned US Treasury securities.

Norway : Commonly known as the oil fund, Norway’s sovereign wealth fund invests the revenues from the offshore petroleum sector in foreign shares, bonds and properties in order to spread the wealth across generations.

The fund’s value could hit almost 6 trillion Norwegian crowns ($973 billion) by the end of the year.

With economic power comes political power. The motives of SWFs will be guided by the interests of the state rather than those of international business community.

You might wonder why we never hear much discussion by our world economic gurus on SWFS. Acquiring that information is difficult, however, since hugely rich entities mostly accountable only to their national governments. You tell me.

SWFs are well known for their opaque, tightly-guarded investment decisions.

They all have one thing in common they will ensure that the rich stay rich and the poor stay poor.

AUSTRIA/

 

 

 

 

 

To most of us the World of Islam seems incomprehensible.

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To most of us the World of Islam seems incomprehensible.

You could say it is bigoted and uncompromising with is actions harsh and arbitrary.

There are billions of words spoken and written on the subject most of which are never heard or read by any of us.

Now I could be wrong in some of the observations I make in the post, so I am open to correction.

What I want to do if possible is to try to look at Islam as it see itself and not through our Western eyes.

The current political mess in Middle East and the rise of ISIS must both have their origins within its interpretation, both by us and its faithful.

So are we all mistaking when view Islam as uncompromising and uncivilized, when in fact to most of us who are not Islamic, so we see it at worst as Mysterious and inexplicable at best and at the moment Barbaric with good reason.

Like all subjects it is impossible to understand the simple things about Islamic life without knowing something about its religion.

Islam like all religions is a way of life, based on the will of God, and like most religions the will of god is known through its holy book or books, in Islam case the Koran.

The Koran contains the sayings and actions of its prophet Mohammed.

My first observation is that Mohammed must have been influenced by the times he was born into. Since then the Koran like the Catholic Bible or any bible for that matter has been subject to interpretations put upon its teachings in different places and at different times till it arrived to the present day.

The real question is what is the difference between the Interpretation of Mohammed and to days interpretations.

Every aspect of Islamic life is seen as part of the indivisible whole, literally inseparable from all the other aspects. So a Muslim like us believes life was created by God. The task of Muslims is not to rearrange or order it, or even to understand it but to obey the laws laid down by him.

How does man know the laws? For a Muslim the answer is simple. They are in the Koran that has no beginning and no end. It can be read from the beginning to the end or from any point with no difference to the message contained within.

My second observation. If this is so and believed by Muslims there is underlining all Islamic culture an element that the Koran itself makes logic, and therefore undermines communication with any outsiders.

If you were to ask a conservative Muslim does the Koran control all aspects of his life you might get a confused answer due to tribal or social customs allowed by Islam but not actually required by its laws contained in the Koran leading to where theory and practice are confused. Although it is commonly agreed that the Koran is the supreme authority in directing the life of a believer there is another reference called the Sunna ( the sayings and actions of Mohammed). In the Sunna you find human interpretations in the numerous schools of law as they adopt their positions. As a result the clear-cut authority of the Koran is not uniformly accepted throughout Islam. (I am sure this will be disputed.)

Ok course none of this does anything for the image we have of Muslims.

Take for example the Koran is uncompromising in its declaration that the penalty for theft is amputation, and it also states a man has an absolute right to have four wives if he treats them equally.

Killing their sisters,wives, and daughters for their family honor, murdering non believers,stoning to death, mutilating genitals, all in the name of Allah because of Qur’an and Sharia Law tells to do so.

But where in the Koran does Allah, (Arabic for God. There is no God save Allah.) condone such actions.

Observation three. We are used to reviewing religion as a private matter of conscience unlike Islam in which religion dominates the life of a Muslim and in this comprehensive sense , is his life. Literally everything in life is the predetermined will of God from always to eternity. Not a leaf falls from a tree unless it is the will of God which beg the question how do you predetermine life.

Islam( which means submitter and the Koran means recitation) has what are called Five Pillars of Faith, which form the core of the faith to which all other aspects of life are ultimately related. Prophets means Messengers or Apostles and Mohammed is the messenger of God.

Pillar one: Shahada.  Recitation of the Shahada or short creed ” There is no God but Allah”

Pillar two: Salat. Devotional worship, acknowledgement of God a physical act repeated at least twice with the worshipper touching the ground with his forehead. Worship takes place five time a day, preferably performed in congregation of at least forty in a mosque led by an imam( president)

Pillar three: Zakat. Obligatory tax to the needy. There is no formal arrangements for the collection of Zakat.

Pillar four: Sawn. Fast during the months of Ramadam.

Pillar five: Hajj:  To set out for a definite purpose – Pilgrimage to Mecca. Mohammad forbade access to Mecca for unbelievers, and this applies to Medina also.

These are the basic foundations of Islam.

Now lets address a few questions.

Why do Muslims get their nickers in a twist when the Koran is burnt?

Here is something you might not know that the Koran which is in Arabic is considered by many Muslims as a miracle since Mohammad could not read or write. ( This could be debatable as he must have learned both to be a merchant in Mecca) 

As the word of God it cannot and should not be translated into other languages.

Although some of its text was written down under Mohammad supervision it has no chronological order but on close examination it does have a structure in as much that aspects of life can not be seen separately but accepted as a whole based on the divine will of God. However the parts of same revelation it spread throughout it text. Reason plays an important part in the Koran. God is always arguing, discussing and appealing to reason, never giving up. Infidels were considered as people of no intelligence indeed Mohammad comes close to labeling them as infirmity of the human mind.

Observation four: If I was God I would have had the Koran or the Bible written in all languages. It might have avoided all the misinterpretations. Not just Arabic and Hebrew.

The Koran is about the size of the New Testament, 144 chapters set in verses. It is never put on the ground or allowed to contact with anything dirty. Like the Bible it has being subject to study and analysis till black and blue.

What is Jihad? 

Jihad literally means an effort or striving. Mohammad himself fought nine battles. It is still the duty of imam to order war against infidels on every suitable occasion.

According to Mohammad there are seven deadly sins. Associating anything with god, magic, killing without reason, taking interest on money, taking property of an orphan,running away from a battle when Jihad has been declared, accusing an innocent woman of adultery.

What is Sunnis or Sunnites, or Shiites?

Muslin sects to-day out number those of Christians.

They majority are Sunnis, followers of the Sunna.

Shiite is derived from Shiat Ali (the party of Ali). They believe that on Mohammad’s death succession should remain with his closest relative his son-in-law Ali.

They also believe to be a true Muslim its teachings and practices must be taught by an Imam. To the Sunnis this confers a degree of divinity upon the Imam and this is blasphemous.

Observation Five. The notion of love one’s neighbor in a Christian sense is not enshrined in the Koran. There is a false concept of Muslim brotherhood.  You either conform to the rules or suffer the consequences. A rigid simplicity is it underlining structure, whether its hidden or out in the open.

No matter what your beliefs the right to life states that you own your own body. It is your property to do with as you please. No one may force you to do anything, no one may injure you in any way, and above all, no one may take your life (without consent.)a right to life. This means that nobody – including the government – can try to end your life. It also means that you have the right to be protected if your life is at risk. It does not create an entitlement to choose death rather than life.

  • Everyone has the right to freedom of thought, conscience and religion; this right includes freedom to change his religion or belief, and freedom, either alone or in community with others and in public or private, to manifest his religion or belief in teaching, practice, worship and observance.
  • Men and women of full age, without any limitation due to race, nationality or religion, have the right to marry and to found a family. They are entitled to equal rights as to marriage, during marriage and at its dissolution.

Observation Six. Islam needs to teach every Muslim that life means that each individual should be treated with respect, dignity and equality.

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