"Art as Philosophy"
When Jim talks people listen...
Henry Blodget recently published Jim Rogers: Coming Inflation Could Be "Worse Than The 1970s" on Business Insider stating that "Jim Rogers doesn't know when deflation will stop being the problem, but he knows what the next problem will be: Inflation. And he thinks it will be worse than the 1970s..."
I agree but not sure if it is for the same reasons. I first started to see what I termed hyper-inflation as being a possibility to avoid way back in 2006/2007 when I was concerned enough to write about. I think my first exploration was in a paper I wrote for the World Bank Essay Contest of 2006 or 2007. Subsequently, I published bits of that paper in post at Open Business Club, blogs and such as I was trying to work up my nerve to share my insights beyond a small circle of people.
As far as I know, no one paid much attention to the release of excerpts from my paper Business & Social Capital in the Attention Age. Unfortunately, that file is corrupted so can't pull any quotes at this minute but....In that paper I also pointed to activity in the commodities sector but since I was not looking as investor - my interest was not how to exploit them. Rather it was the start of my interest to pay attention to what was happening beneath the surface - the inner worlds as it were.
That paper did not ultimately succeed to do what I set out to do because I backed away from going all the way with it and perhaps events had not evolved to the point where I had the specifics to point towards to lay out the case based on my observations and analysis. Looking just at the surface I agree with Blodget's post and Rogers' estimation:
"The Federal Reserve has laid the groundwork for some serious inflation down the road by printing all this money," Rogers says. "So have many other central banks."
Although "the U.S. government lies about inflation" in its official data, inflationary pressures are already evident in nearly everything, excluding energy, Rogers says. Inflation is "going to continue, going to accelerate," he says. "We're going to be paying more for just about everything down the road."
In the new forthcoming book The Inner World of Innovation that I am co-authoring with Ronald I write:
The empowerment of the individual and self organizing groups by fast paced technological innovation will prove to be the wrench thrown into the machine. A new paradigm has emerged, but most are still applying outdated mental models to make sense of it.
There are a host of Attention transactions eroding social capital that while everyone knows about it people don’t, for the most part, see the significance of the patterns. If we don't want to Pay Attention to the Root Causes, then we Pay for the Symptoms. While homeless shelters, soup kitchens and other human service providers are reporting increases in excess of 40% in demand for services – primary Attention is Paid (resources diverted) to corporations and financial institutions, to repair the effects of a broken system. Since blatant double standards are exposed by the swift series of bail out actions, there was a deep undermining of social capital. Unfortunately, the degree of this deficit will not be apparent until it is direly needed to rescue those that have most devalued it. Meanwhile social capital has found other networks through which to be directed and this is what continues to drive the value of intangible assets in social networks.
And because of this orientation it is likely to be the growing monetary deficits or inflation amplification that suddenly commands Attention and new models that rely more on leveraging this other value than securing loans from traditional financial institutions. By which time the consequences of band aid economic reactions will take on new proportions as more and more people accept old paradigms do not apply.
By ignoring the connections between personal tragedy or triumph and Attention (Quality) an array of intangible resources are ignored and so go mismanaged.
I will be distributing the book initially for free through the inner circle of my social network, then I will post a download link for everyone else to check it out. When we go to print I will have written Part 3 of the book which about the link between Money, Sex and Power - I think I will call that section Money Honey and Sex.
What do you think?
I agree but not sure if it is for the same reasons. I first started to see what I termed hyper-inflation as being a possibility to avoid way back in 2006/2007 when I was concerned enough to write about. I think my first exploration was in a paper I wrote for the World Bank Essay Contest of 2006 or 2007. Subsequently, I published bits of that paper in post at Open Business Club, blogs and such as I was trying to work up my nerve to share my insights beyond a small circle of people.
As far as I know, no one paid much attention to the release of excerpts from my paper Business & Social Capital in the Attention Age. Unfortunately, that file is corrupted so can't pull any quotes at this minute but....In that paper I also pointed to activity in the commodities sector but since I was not looking as investor - my interest was not how to exploit them. Rather it was the start of my interest to pay attention to what was happening beneath the surface - the inner worlds as it were.
That paper did not ultimately succeed to do what I set out to do because I backed away from going all the way with it and perhaps events had not evolved to the point where I had the specifics to point towards to lay out the case based on my observations and analysis. Looking just at the surface I agree with Blodget's post and Rogers' estimation:
"The Federal Reserve has laid the groundwork for some serious inflation down the road by printing all this money," Rogers says. "So have many other central banks."
Although "the U.S. government lies about inflation" in its official data, inflationary pressures are already evident in nearly everything, excluding energy, Rogers says. Inflation is "going to continue, going to accelerate," he says. "We're going to be paying more for just about everything down the road."
In the new forthcoming book The Inner World of Innovation that I am co-authoring with Ronald I write:
The empowerment of the individual and self organizing groups by fast paced technological innovation will prove to be the wrench thrown into the machine. A new paradigm has emerged, but most are still applying outdated mental models to make sense of it.
There are a host of Attention transactions eroding social capital that while everyone knows about it people don’t, for the most part, see the significance of the patterns. If we don't want to Pay Attention to the Root Causes, then we Pay for the Symptoms. While homeless shelters, soup kitchens and other human service providers are reporting increases in excess of 40% in demand for services – primary Attention is Paid (resources diverted) to corporations and financial institutions, to repair the effects of a broken system. Since blatant double standards are exposed by the swift series of bail out actions, there was a deep undermining of social capital. Unfortunately, the degree of this deficit will not be apparent until it is direly needed to rescue those that have most devalued it. Meanwhile social capital has found other networks through which to be directed and this is what continues to drive the value of intangible assets in social networks.
And because of this orientation it is likely to be the growing monetary deficits or inflation amplification that suddenly commands Attention and new models that rely more on leveraging this other value than securing loans from traditional financial institutions. By which time the consequences of band aid economic reactions will take on new proportions as more and more people accept old paradigms do not apply.
By ignoring the connections between personal tragedy or triumph and Attention (Quality) an array of intangible resources are ignored and so go mismanaged.
I will be distributing the book initially for free through the inner circle of my social network, then I will post a download link for everyone else to check it out. When we go to print I will have written Part 3 of the book which about the link between Money, Sex and Power - I think I will call that section Money Honey and Sex.
What do you think?
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