Friday, October 7, 2011

Pension Funds Braced for Collapse of Capitalism

Carl Hess, Global Head of Investment, Towers Watson, on FTfm:

@ 00:40 "Well, 'may you live in interesting times' is the old curse, right? We are living in interesting times, indeed."

@ 04:20 "Gold represents a good hedge against some of the more extreme risks that could be out there, whether that's the collapse of capitalism, or just a major nation defaulting on it's debt."

Amazing how question #1 of economics, “compared to what?” plays out at this juncture. “Just” a major nation defaulting on it’s debt. Awesome.

To speak actuality to denial; true light to false lights; to encourage readers to open eyes, hearts, minds; to learn, adapt, and thrive in the global Mixed Economy of the present and future.

It’s simply not breaking news to announce that we live today, right now, in the techno-utopian future envisioned by the enlightened founders. The 18th and 19th century agro-industrial capitalist transition worked. We beat that level. It took around 200 years, but we won. Achievement earned. Level up. We don’t need a singularity to #occupy the actuality of the here and now. We are finally free to:

“Death is very likely the single best invention of life. It is life's change agent. It clears out the old to make way for the new.” – Steve Jobs.

"This is the real news of our century. It is highly feasible to take care of all of humanity at a higher standard of living than anybody has ever experienced or dreamt of. To do so without having anybody profit at the expense of another so that everybody can enjoy the whole earth. And it can all be done by 1985." Buckminster Fuller, The World Game, 1971.