I listened to Craig in his pretty unique podcast of this Independence Day weekend, ( TFMR Podcast – Friday, June 30 ) and I totally appreciate his honesty and candour, and value that. Not many business owners have the chutzpah to openly discuss their difficulties with clients. It indicates humanity, honesty, ability to talk about difficulties and what is being done about them, during the process. And trust in their clients, which can only be built up incrementally over time. Weaker individuals wait until afterwards before saying anything that might show less than an invincible public image, if they ever dare say it.
I think that Turd isn’t doing anything “wrong” when a decline of subscribers becomes visible, though I am sure a lot of soul searching goes into it. Seafarers have to sail through storms to get to the other side, that’s all. And business is important. Unfortunately this is simply the bear grinding out the bullish element to incentivise the move of assets weaker individuals over to the “right hands”. After the property is owned by “the right pockets” it will rise in price. It has always been so since capital could be used in a weaponized way, which was of course the end of capitalism there and then … a longer time ago, I believe, than many people think.
And when Turd requests that conversation about crypto currencies be kept to certain places instead of all over the site he strives against the proponents of a competing asset to precious metals, and precious metals interested groups. Think about all this in terms of the effect that defeatist talk during an ongoing war time situation has upon morale, and how that morale has it’s own effect upon the outcome of the war itself for those who were making the defeatist conversations.
So why that interest in digi-FX? Well for one it’s a technological new thing with all the mysterious possibilities that new products seem to offer. And for another thing it appears to be a way out of precious metals for those who can’t take the heat, or the duration, and who want a alternative asset which appears to be a hard asset. Saving face while walking out the door in other words. For some, not all of course. Everybody’s different, but groups form from individuals, right?
Another use of my “this is a financial war ” metaphor. There are many kinds of wars. For instance there might be a pitched battle, a running battle with skirmishes along the trail, and there might be a guerrilla war with skirmishes at unpredictable locations, but in a complex timed sequence where timing reflects dynamics of preparation and transport to the location of the following skirmish. Like acted out civilian atttacks require preparation, as do real ones. We understand the need of hidden parties to prepare and gather resources.
Well, in financial markets, there is no requirement to fight a pitched battle and lose to a bigger opponent. We can always get stopped out of a loss making trade, and then stand aside until it all pauses again. We have no mission, in a trade, other than to benefit from it. This can be contrasted with Turd’s relationship with investors who have not learned this, and who become emotionally despondent when the price goes down. They look to him for guidance, motivation, and by implication, resilience.
This post was published at TF Metals Report on July 3, 2017.