Larry Fink is not your friend.
Good morning. I’d like to address the Indian community of potential investors as well as Americans who see these.
Larry Fink, the other day had a interview on CNBC, a conversation about India and its capital markets.
He was extolling the virtues of American capital markets and saying that India’s propensity to save in assets like gold were hindering its economic growth.
Now there are merits to this concept. The US capital market has been a great thing in helping leverage innovation and ingenuity towards economic growth and progress for all humanity. But all things can get overdone, especially when capital doesn’t get allocated based on merit.
And upon being overdone, abused capital markets, like anything not taken in moderation, cause great strife for those of us not in the cadre of elitists who carry politicians like loose change in their pockets.
And certainly not the way they were framed by Mr. Fink.
Let’s be clear about what Mr. Fink was doing.
He was marketing on CNBC to Indians to open up India to more Western financialization and his products.
That in and of itself is not a bad thing.
But he’s doing it at a time when the U.S. way of doing things, specifically the leverage and financialization, which he surreptitiously marketed to listeners as “the multiplier effect” is unwinding in the West and leaving destroyed bridges both domestically and European in its wake.
Leverage grants, in healthy doses, (and accompanied by robust trust in those utilizing such leverage), the ability for a healthy economy to grow.
It can also easily be abused and then become a vehicle for bubble creation, poor risk management, and what I call white-collar welfare, more commonly known as corporate socialism.
BlackRock is one of those companies that, when making loans that went bad, or failed to properly manage its own portfolio risk, asked the Fed to bail it out. The fed of course obliged them, rather than letting the poorly run companies die they vacuumed up their losing trades represented as bonds and ETF portfolios at exorbitant values.
Now, these central banks, having implemented QE to the delight of the world’s blackrocks, are taking major portfolio losses. Those losses are going to suck money from infrastructure development and social safety nets, at a time when we can not afford to cut back on either and are, in fact expanding them.
Which means, more printing. Which means more inflation. Which means, more crime, poverty, and lowered standards of living. All to bailout the Blackrocks of the world who are moving on to the next town to sell their products.
So when a man like Larry Fink tells you a pet rock hurts capital markets by just sitting there, when people like he were at ground zero for the greatest wealth confiscation in a generation.
You know who you’re dealing with:
A salesman who is a capitalist when he makes money and a socialist when he loses money.
A man who’s desperate to sell more product to an opening market as the one he has operated in for decades is now literally crumbling under his “multiplier effect”
Gold is a barometer of trust in the people running things, and from where we sit, that trust is starting to run low. All the sales pitches in the world will not make it come back. Make them earn your trust. Better yet, make their replacements earn your trust
CNBC Story here
Give the gift of great skin care. Our Soap and Shave Bars are gentle and produce a smooth creamy lather that is nourishing to your skin. They are handmade in small batches. We use only high-quality natural ingredients that you can pronounce. No chemicals, no sodium laurel sulfate, no phthalates, no parabens, no detergents. The set can include Soap Bar, Shave Bar, Shave Brush, and/or Shampoo Bar. These come in a white box and are perfect for your gift giving needs.
Our soaps are made with skin loving ingredients including olive oil, coconut oil, lard, sweet almond oil, shea butter, and castor oil. We do not use palm oil. Scented only lightly with fragrance oils.
The Shave bars give a very close and smooth shave with no razor burn. They leave your skin feeling amazing. A lather can be built up in your hands and then applied to your face, but it is best to use a shaving brush. These bars will only produce a thick foam when used with a shaving brush.
Our Shampoo Bars have a thick lather. A lather can be built up in your hands and then applied to your hair, but it is best to rub the bar gently in your hair. Rinse and repeat.
You choose a scent:
A Thousand Dreams is a whimsical blue scented in a warm mix of fruity and floral notes with peach, peony, lily, musk, sandalwood, and amber.
Bay Rum Spice is a nice masculine scent similar to Old Spice. The scent notes are clove, pine needles, cedarwood, orange, vanilla, and musk.
Birch Woods is a great outdoors-type scent. The notes are bergamot, patchouli, vetiver, and tonka bean.
Cool Clear Water is a refreshing scent. The notes are crisp water, oakmoss, pine, cedar, and musk.
Lavender Champagne has a wonderful scent of Lavender and Champagne and has a light purple color. The scent notes are lavender, sparkling Champagne, grapefruit, orange, thyme, oak, and amber.
Midnight Waters is a moody-mystical scent that opens with fruity notes of red berries, juicy tangerine, and bergamot. Then unfolds into bubbly Champagne, violet flowers, cashmere, amber, and musk.
Raspberry Vanilla is an all-time favorite fragrance for soap. It is a beautiful magenta color. The scent notes are raspberry, strawberry, lemon, coconut, peach, honeysuckle, plum, and vanilla.
Warm Sandalwood is a warm, rich, and woodsy scent. The colors are warm and rich with brown, gold, and white.
A Soap bar will weigh approximately 4 ounces and be approximately 2.25 inches wide by 3.5 inches tall and 1 inch thick. A Shave bar will weigh approximately 3 ounces and be approximately 2.5 inches across and 1.25 inches thick. A Shampoo Bar will weigh approximately 3.5 ounces and be approximately 2.5 inches across and 1.25 inches thick. Please keep in mind that our products are handmade and hand cut. Each bar is unique and might vary slightly in shape, size, design, and color from those pictured.
Please keep your Soap Bars, Shave Bars, and Shampoo Bars well-drained and allow to dry between uses. This will ensure longer lasting bars.
Allergen: Our products contain oil from tree nuts. Please test on a small area of skin prior to use and stop using if irritation occurs. Do not use if you are pregnant. Do not use on infants under the age of 24 months. Do not get in your eyes as it will sting slightly. GoShopping
