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China using ham in lieu of payment system

Summary:
The Science Degree competent people can produce surplus amounts of real livestocks, meanwhile the Art Degree incompetent people who run the payment system can't see a way to establish enough of a unit of abstraction that they continue to objectify... then thru this objectification, it can appear to the unqualified mind, that shortages are possible and then its straight to "we're out of money!".China has themselves going quite a nice credit shortage this year due to this widespread cognitive deficiency manifested here in their Monetarist beliefs....All we can do is hope we can dodge a bullet here and have these Monetarist morons this time in China not double down and add another trillion of CNY reserve assets to their depositories to "lend out!" in response or down we go again...China

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The Science Degree competent people can produce surplus amounts of real livestocks, meanwhile the Art Degree incompetent people who run the payment system can't see a way to establish enough of a unit of abstraction that they continue to objectify... then thru this objectification, it can appear to the unqualified mind, that shortages are possible and then its straight to "we're out of money!".

China has themselves going quite a nice credit shortage this year due to this widespread cognitive deficiency manifested here in their Monetarist beliefs....

All we can do is hope we can dodge a bullet here and have these Monetarist morons this time in China not double down and add another trillion of CNY reserve assets to their depositories to "lend out!" in response or down we go again...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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