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Foucault Does FOMC: Deutsche Bank Explains The Fed's Decision By Mixing Quantum Theory With Post-Modernism
Bored of cut and dry (and 100% spot on) explanations of why the Fed did not do a "hawkish hold" or a "dovish hike" just because Goldman's Jan Hatzius told Bill Dudley not to order a lobster sandwich at the Pound and Pence? Then you are in for a treat...
From Deutsche Bank:
September FOMC meeting felt like a blind date that was never meant to be. As the market developments were unfolding, Fed members simply didn’t like what they saw. Despite seemingly robust US data, the global economy appears too fragile and the strong USD is in the center of the crisis. The developments in EM have been negative for risk and, if conditions deteriorate further, the net result could be in a nontrivial adverse impact on DM economies. Rate hikes and further USD strength could have made things considerably worse. So, while the market waited, Fed decided not to engage.
Going into the FOMC meeting, we had to face multiple nested contingencies, from Fed reaction function, to ambiguous signals given by the economic models which largely underwent structural breaks post-2008 and eroded market’s already low confidence regarding economic forecasts. The Fed decision showed that when everything fails, common sense remains the best guide. And common sense prevailed.
This changes everything.
Power relations have been revealed; nothing will ever be the same. In that sense, despite seeming status quo, the FOMC was a true Event in the sense of being an encounter which retroactively creates its own causes.
What we now have is another data point which outlines the contours of the Fed reaction function. Fed’s communication strategy, it is becoming clear, is an equivalent of what in theater context is referred to as Removing the fourth wall whereby the actors address the audience to disrupt the stage illusion -- they can no longer have the illusion of being unseen. An unalterable spectator becomes an alterable observer who is able to alter. The eyes are no longer on the finish, but on the course -- what audience is watching is not necessarily an inevitable self-contained narrative. The market is now observing itself from another angle as an observer of the observer of the observers.
Got that? No? That's ok.
This is Deutsche Bank channeling their inner Diderot on the way to mixing Schrodinger's uncertainty principle with the greatest hits of Jacques Lacan and Jacques Derrida all in a rather amusingly metaphysical attempt to explain that the market must now account for itself when attempting to predict the actions (or inactions) of a body (the Fed) that impacts it.
In other words, it's no longer enough to for investors to consider what effect the Fed will have on the market - now, investors must come to terms with the fact that the market affects the Fed which affects the market.
Or, stripped of all the self-referential confusion: The Fed has admitted that it is market dependent and investors must somehow come to terms with their own role in the play.
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Circle Jerk
Undoubtedly ending with some very rough patches.
Bell's Theorem
So,
Schrödinger's economy?Fuck em, roll the motherfucking guillotines already!
For a 0.25% rate hike, for fuck's sake.
I get better gobble-de-gook from my kids. At least it comes with funny faced contortions followed by looking at the ground and soft shoeing it.
I'm not for outright killing yet, but getting there.
The FED sees the real numbers before they destroy them and they know we're fucked, but think they can keep balancing an elephant on their nose if they can lie big enough, long enough.....
Since 1913 it's always been about the fed, period. They just don't keep it a secret any longer. The corruption is in the face for everybody to see.
The FRB saw "Catch Me If You Can"...
They thought it was an instructional video.
Same with reading orwell and wells.
Yes, Dr. Engali: "The corruption is in the face for everybody to see." Similarly so that the United Nations has always been a bankster organization, which is becoming more blatantly so: Saudi Arabia Chosen To Head UN Human Rights Panel
Ceci n'est pas une market.
But, ... I smell smoke!!
Infinite feedback loop. Eventual crash.
It depends upon what the meaning of the word 'is' is
As it is with all, which also depends upon what the meaning of the word "all" ..., uh, "is".
Some on the left believe this idea of "retroactively creating its own causes." They've taken it to the extreme that a writer in the past could actually be plagiarizing writers today. So with this in mind it's possible that the Fed believes Marx was plagiarizing their ideas.
It would be brilliant in effect, but only if there were no observers.
Try to work that one out.
Well only sort of so,
general ambivalent:
The original, more genuinely scientific Marxism, not so much. However, the later Messianic Marxism was made to become publicly significant by the banksters. The banksters and their buddies control their apparent opposition by picking which particular groups to fund, within a longer game with evil ulterior motives.
THE LIES ARE DIFFERENT AT EVERY LEVEL. One example was the banksters and their buddies, through their foundations, funded the Women's Temperance Movements, as well as influenced politicians to pass alcohol prohibition. There are almost an infinite list of other examples of professional hypocrites dominating society, due to the vicious spirals through their funding.
When is someone going to come out and admit that there are no markets any more. What we are watching is the parasitic private banking entity slowly consuming the last pieces of the western economic dog while driving the 99% into poverty. There will be no recovery until this parasite has been killed and as this looks unlikely there is no hope. Try that for a an angle DB.
Plus one for Monday morning hopelessness. The week can only go up from here!
I think Bullard's comments about Cramer's pontifications is a major crack in the facade.
I think we are seeing just enough honesty such that those being "honest" at this point can place the balme elsewhere later. For that I would say, "nice try, asshole".
At this point it should be abundantly clear why I chose the username "spellbound"
ditto
Bopped.
" Power relations have been revealed; nothing will ever be the same."
What world are you living in? SOP, same as all the way. a few insane predators eat the rest. And.. what?
Kiss my hairy ass, campers.
The USD is strong because US Dollars are being drained from the world's economies. The Fed can turn the spigot up or turn the spigot down. I believe they are turning the spigot down, and will leave it down until what, not until when. Deceit and corruption run pretty deep in this country. There are too many whose first impulse is to take, not to give, and to take a deceitful way.
The FED is trying to make sure beyond any quantum doubt that Schrödinger's cat is dead, DEAD.
Once the cat is in the stirfry it's status is clear - to everyone but the cat.
What's scary is the number of people richly on Wall Street these days who are entrusted with ungodly sums of OPM who probably wouldn't understand that post, and need the Cliff's Notes version.
Just like looking in a mirror with a mirror You see a mirror...mirror...mirror...mirror...
I think this is akin to jerking off in the mirror.
"enmity''s" an ugly bitch named Yellen!
simultaneously alive but dead would be zombie but with the Fed I think we would be talking more vampire
A small joke which depicts the uneasy relationship between the Fed and the market (or what's left of it).
People are gathering for an avant garde play in a theater, nobody know's what to expect. The lights go out and everybody is looking forward where the stage is supposed to be (it's dark there too).
A man goes onto the stage in complete darkness save for a candle that he holds. He walks to the centre of the stage, sits down on a chair that is there, pulls down his trowsers and starts jerking-off.
Thetergowers sit quietly watching this avant garde play. Meanwhile the man comes, wipes himself off and starts humming a tune. A minute passes, then two, then five. Finally someone from the audience asks "What? That's it?"
The guy on the stage jerks upright, looks in the darkness and asks in a trembling voice "Who's there?"
End of joke.
That, my friends, was the relationship between the Fed and the market up to now, with the market being the audience and the guy being the Fed.
If I'm reading this article correctly, the roles have reversed. Just imagine what it looks like now.
Schrödinger's economy is both dead and alive, so long as you don't look
Spot on.
this has been going on since the very first banker, a man named joe who wore a coat of many colours consolidated all the wealth and power of egypt into the hands of one god like man. he was doing gods work even back then.
So, DB, do I need to 'buy' or 'sell?'
Yes.
Of course.
No.
Heisenberg's not Schrodinger's uncertainity principle. Both observer and the observed influence each other. So there's no accurate measure (or observation) of anything. We didn't need Fed to tell us that.
Douchebag Bank scumsucking slimebucket fucktard wankers are just covering for the AssClowns n' parasites in the FED.
Note: A shill is a shill, and collusion is collusion.
Good Bye Deutsche Bank, I hardly knew ye.
I am leaving this performance.
It sucks.
"the FOMC was a true Event"
Certainly it was not an event in the Badiousian sense. Classically lazy attention grabbing nonsense.
Okay, folks we got this. Here is what we do.
We know the Fed is watching us, watch them, right? And they adjust for how they see us react to what they project they might do, right? (They have a whole stable of stalking horses prancing about).
All we have to do is act the way we want them to act to get them to do what we want them to do, right? Then do what we really want to do when they give us the result we want.
We need to watch them, watching us, watch them. Got it?
With that said (cause you got it, right?) how do we act in order to get themselves to end the fed? Or just kill themselves?
The cat is fucking dead.
>The Fed has admitted that it is market dependent and investors
>must somehow come to terms with their own role in the play.
Huh? Makes less sense than Deutsche Bank.
What DB said is that the Fed has crawled up its own asshole. Clearer now?
Can you post a link to the original report? I can't find that text on an Internet search.
Since civilization is controlled by integrated systems of backing up lies with violence, as in the case of central banks, by governments ENFORCING FRAUDS by private banks, the results are almost infinite tunnels of deceits, twisting and turning and looping back through themselves. The publicly significant ideas regard whatever might be the "corrections" of systems based upon governments ENFORCING FRAUDS by privately owned banks tend to be promoted by opposition groups which are also effectively controlled by those banksters and their buddies.
The deeper levels of that social situation are deliberately ignored and/or deliberately misunderstood in the most absurdly backward ways by almost everyone. There are INTENSE PARADOXES, which manifest as consistent contradictions, that human societies over the longer term are actually controlled by their murder systems, but that those murder systems are most socially successful when done through the maximum possible deceits and treacheries. That is the foundation for how and why we now have political economy based upon governments ENFORCING FRAUDS by private banks.
The whole system is based upon the principles and methods of organized crime, which mostly get away with presenting themselves as being the opposite of that. Meanwhile, it is important to remember that the inside spirals of the established systems based upon ENFORCING FRAUDS are the most hidden from public view. It is too superficial a view to regard the central banks, such as the Federal Reserve Board, as actually being in control. I quote these insights of historian Carrol Quigley:
"powers of financial capitalism
had another far-reaching goal,
nothing less than to create a
world system of financial
control in private hands
able to dominate the
political system of
each country and
the economy of
the world as
a whole ..."
That system was "to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements. ...The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. ... It must not be felt that the heads of the world's chief central banks were themselves substantive powers in world finance. They were not. Rather they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up, and who were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks."
The international banksters finance capitalism
operated through methods of organized crime,
to legalize the fraud of private banks making
"money" out of nothing as debts, which was
NOT "capitalism," nor even any adjectives
which modified that word of "capitalism!"
It is a fascist plutocracy conspiracy, where the
primary source of the wealth of the plutocrats is
the ability to make money out of nothing as debts,
while the government forces everyone else to agree.
THE FINAL CONSEQUENCES ARE FAR WORSE!!!
http://www.youtube.com/watch?v=5hfEBupAeo4
All Wars Are Bankers’ Wars
HOWEVER, THAT IS A RELATIVELY SUPERFICIAL VIEW, BECAUSE IT DOES NOT PRESENT THE DEEPER ISSUES THAT THERE MUST NECESSARILY EXIST SOME DEATH CONTROLS, WHICH BACK UP SOME DEBT CONTROLS.
The article above pokes fun at the self-referential:
However, consider what happens when one recognizes that all markets are necessarily systems of organized lies operating robberies, mediated through money which is necessarily measurement backed by murder. That market is now murdering itself from another angle as a murderer of the murderer of the murderers ... (through recursive feedback loops that can continue on through as many infinite regressions as one can imagine ...)
Consider The Entropy Law and the Economic Process:
Study of "entropy" can be a scientific study of "evil." Since society is dominated by the most psychopathic people, society misunderstands "evil" in the most absurdly backward ways possible. People like William K. Black have written books like The Best Way to Rob a Bank Is to Own One. However, most people who begin to understand that continue to want to present bogus "solutions" based upon the same old-fashioned false fundamental dichotomies and impossible ideals, that were originally promoted by the biggest bullies in order to facilitate them being better able to operate as professional liars and immaculate hypocrites. Hence, as the biggest bullies morphed to become the banksters, all of the basic language about "economics" became bullshit, based on the actual history of economics actually being a special case of warfare, where success based on backing up deceits with destruction had morphed to become governments ENFORCING FRAUDS.
http://en.wikipedia.org/wiki/Self-fulfilling_prophecy
Merton's concept of the self-fulfilling prophecy:
"If men define situations as real, they are real in their consequences."
Merton concluded that the only way to break the cycle of self-fulfilling prophecy is by redefining the propositions on which its false assumptions are originally based. Both the "War on Drugs" and the "War on Terror" were examples of the ruling classes engaged in developing self-fulfilling prophesies. The debt slavery systems are backed up by wars based on deceits, that usually get started through some sort of inside job, false flag attacks. The definition that Merton gave of self-fulfilling prophesy was:
"The self-fulfilling prophecy is, in the beginning, a false definition of the situation evoking a new behavior which makes the original false conception come true. This specious validity of the self-fulfilling prophecy perpetuates a reign of error. For the prophet will cite the actual course of events as proof that he was right from the very beginning."
Philosopher Karl Popper called that the Oedipus effect.
"One of the ideas I had discussed was the influence of a prediction upon the event predicted. I had called this the "Oedipus effect", because the oracle played a most important role in the sequence of events which led to the fulfillment of its prophecy. ... I thought that the existence of the Oedipus effect distinguished the social from the natural sciences. But in biology, too — even in molecular biology — expectations often play a role in bringing about what has been expected."
The Oedipus effect boils down to this: the announcement of an action to be taken changes the evidence upon which each individual bases his expectations and hence, causes him to revise his previous plans.
In the case of human societies, where those are controlled by people who are attempting to kill each other, as the central controls of everything else, there are no limits to the levels of lies, whereby people are attempting to trick each other, while thinking, "do they know that I know...etc.." The historical outcomes of those social situations selected for the surviving War Kings, that made the powers of sovereign states, where the power to rob was called taxation, which was backed up by the power to kill, which was alleged to be based upon the rule of law. Actually, the only connection between human laws and natural laws is ability to back up lies with violence.
Through those means there developed the international banksters, as the Fraud Kings, who were able to persistently apply the methods of organized crime through the political processes, in order to effectively privatize the public powers to rob and to kill, which took the form of governments ENFORCING FRAUDS by private banks. The only things which actually exist are the dynamic equilibria between different systems of organized lies operating robberies. Those who are the biggest and best at doing that became the governments controlled by the banksters, to operate "markets" through their capacities to continue ENFORCING FRAUDS.
INTENSE PARADOXES are inherent to the social situations wherein the murder systems are central to controlling everything else, but those were most socially successful by being most hidden, and most misrepresented by those doing that. Hence, the consistent contradictions that civilization is controlled by the most psychopathic people, while they are surrounded by apparent opposition groups that they also control. The article above barely scratches the surface of that social situation. Indeed, post-modernizing science reconverges with ancient mysticism, from which it originally started out, long, long ago.
The basic concepts are SUBTRACTION, from which follows ROBBERY. Since the subtraction is never absolute, the process of robbery is never finished: the robbers can be robbed by other robbers, which then can be robbed again by still other robbers, with the limit case of that being the killers can be killed by killers, who in turn could be killed by still other killers.
So .... We can have perfection at the Fed / Quantum level and obliteration at the Market / Physical level. The bankers thrive while wondering why the rest of us are dying.
There is something to be said for this interpretation, but it is more like "communications strategy gone wrong" at this stage....
Heisenberg developed the uncertainty principle.