no plan survives contact with the enemy

You never know where life is going to take you and if you plot your life out and it doesn't go to script you know because no plans survives contact with the enemy, this is where you wind up in this life

11:55. Every organization's mission statement, their first priority is survival. The sign they nail to the wall of a hallway is marketing. The real prime mover of every organization is survival.  And so if the FED is under existential threat, wouldn't you expect the FED to act to defend itself?  And in a world where we've been at zero bound for 15 years?  And we have a Fed chairman who's been a critic, a harsh critic, the entire time he's been at the Fed of Bernanke and Yellen's zero bound interest rates and quantitative easing?  Why would you expect that guy who has represented private equity  interests in the past to be the same person and run the Fed the exact same way as Bernanke and Yellen did?  It's a very good question.  This isn't to paint the FED in a good light; it's to say What If the Fed is actually acting like it wants to defend itself, and what would that look like?  The answer is, well, what it looks like today, and why we are at 5.5%  and about to maybe go to 5.75% tomorrow night because we're doing this on Halloween right before the FOMC meeting.

If Schumer and McConnell refuse to back down on $100 billion worth of war funding, "Hey Jay [Powell], go to 6% and just remind everybody that war is expensive.  And if politicians want to go to war, they should pay through their nose for it as opposed to us paying through the nose for it."  And that's where the intersection of domestic policy, geopolitics, and finance and banking and monetary policy resides.

The central banks are facing an existential threat from the one-world order institutions, like the IMF and World Bank.  

The wealth disparity seems to be trending down a very bad road, and I could give you the 1620 English Reformation, the  French Revolution, Russian Revolution, Nazi Germany when the masses are so upset that they revolt.  Bad things happen to those that are deemed to be "in power" or "have the money." They get taken out.  What's going to stop that from happening?  I'm seeing more and more cold Civil War like attitude here in the US.  We have a massive deficit.  We have a lot of problems.  What's not to say that this isn't going to get really really bad? 

15:30. Nothing.  But maybe we have more friends than we think we have.  I'm a staunch believer of a marginal utility this is a little elliptical but I'm going to get there