Ultimately - block chain is about power. How do we buy and sell from each other - how to get things to flow in a natural and abundant ways
this is my first day here on Steemit - below is my observations about stock market correction. The key point is not play on drama but to create a new game. Block chain has potential to do this.
As is there was a drama deficit in America, the stock market just "lost" a lot of value. Somehow the narrative - Fears of inflation - makes no sense. I know friends who lost their house in the 2008 crash and now face a horrible rental market. I fear what this correction will mean to real people. And yet, I have hope for better days.
In 2008, Black Rock "lost" 75% of its value but somehow got super big again - https://www.economist.com/news/leaders/21591174-25-years-blackrock-has-become-worlds-biggest-investor-its-dominance-problem
The CEO of Black Rock loves the fact that the carried interest provisions was added at the last minute in the 1,000 page Republican Tax Cut. President Trump said he would get rid of it https://www.cbsnews.com/video/trump-carried-interest-loophole-is-gone-under-my-tax-plan However, the Corker Kickback was included. More background for those who like political dramas of money - Remember https://www.bloomberg.com/amp/news/articles/2017-05-26/the-kushners-the-saudis-and-blackstone-behind-the-recent-deals
Fast forward to last week. Black Rock is now buying at least one big property from HNA Group. HNA needs money NOW - it can not pay its bills. HNA Group owns nearly 10% of Deutsche Bank which agreed to pay New York State $425 million in January 2017 for helping Russian investors launder about $10 billion dollars. The bank is proving to be a bad investment for HNA Group - at least on paper. Whoever knows what drama points and plots people play.
What is causing the stock market to go down. The oligarchs are short each other. Maybe someone wants to get really cheap stuff - hey it has worked in the past. Yet many suffer because of their reckless. Like the recent car crash where
the daughter of a Ukrainian oligarch Alyona Zaitseva killed six people. Oligarchs are playing a game.
Let's not play with them anymore. Please next game - let's not have a trump card. Climate change is real. Mass extinction is real. Stress is real.
How do we - we being the human spirit - stand up to our years of trauma and say in a Loud Clear Voice - Time's Up?
Gandhi talked a lot about economics. Local art matters because if you buy farming from Michael's you are supporting Black Rock. Local beer matters. Art, beer, music, food. ah feels better already.