Skip to main content

´´A Bill in the Hand is worth 99 in the bank''. Apples Cash Mountain is it real. ( Theres more than one bite out of the Apple stash?)

In the Republic Plato relates Socrates explaination how Wives and Children should be held in common and not identified with a single family group. The reason was so that there would be no familial loyalties to distract from loyalty to the state. Its a strange analogue to the A banking system where virtually everyone identifies to the same piece of paper calls it their own when in fact everyone else makes the same claim but believes their money remains theirs and they will get it back. If one were to apply the wisdom of soloman and tear the mighty green back into so many millions of pieces the pieces would be real enough but would it still be useful as money or real in a money sense? It is definitely true here to pause and  remember that a Bird in the hand is worth two in the bush.Perhaps ´´A Bill in the Hand is worth 99 in the bank''.

Apple have the problem 145 billion times over but as they are likely to be further up the que than say you or me are their Dollar Bills more real than yours. That divides the question further into do all depositors have equal claims in practice ( Cyprus shows that this is not necessarily so). Deposit Guarantee schemes again would suggest that for the first few tens of thousands every account is equal and those with larger amounts are not as protected( again Cyprus seems to suggest that the actual practice of international banking does not confirm this intuitive conclusion).

We can then get into the matter of degrees of reality can something be only a little bit real, or real for some and not for others?

For me Apple and its cash pile is not real at all either Physically or indeed metaphorically. Apple , the myths of consumerism and Apples so called success are all constructed according to metrics for which I personally have no respect or belief.

Chuck Prince famously said something about ''Dancing till the music stops´´ another great analogy to the precarious linkages that our financial system used to have to the reality it weasles into its public image. what he was basically saying is there are not enough chairs in the casino and your chips are only real if you manage to catch a seat at the table when the music stops. Its stopped again at the moment get the elbows out things are getting rough in the Wall street game of musical chairs again.

Popular posts from this blog

Syria Cui Bono, Incitatus (Boris Johnson) Caligula (john Kerry) and the Curious case of the New Consul at the United Nations Security Council (Updated 7th April , Trump ordered attack On Syria)


Roger Lewis7 April 2017 at 12:56 Syria is all about Gas, not poison Sarin Gas but Gas Pipelines. It is also not about Hydro Carbons in themselves but the market for hydrocarbons and which currency contracts of supply are settled in otherwise known  as,  US petrodollar hegemony.
Legitimate question. Does Jared Kushner have any interests in the Leviathan Gas field or any of the Israeli-backed Pipeline projects? #MAGA#Drain The Swamp. Starting to dig around will report back.

THE BROTHERHOOD OF THE GAS RING. QATARI GAS, OR SAUDI HEGENOMY, TRUMP BACKS THE SAUDIS? TANGLED WEB INDEED Tangled Web,  Syria and Gas. Trump meets Egyptian President, that is a rejection of the Moslem Brotherhood, siding against Qatar in Syria and With Saudi broadly and therefore the ISIL Wahabbist and Saud…

Meet The Fuggers, Brexit, The Euro and Clueless Elites.

Meet the Fuggers or, its the Money Power stupid. Brexit, The Euro and clueless Elites.

The Eastern Roman empire under Justinian saw the seeds of its final fall to The Ottomans when Abd El Melik started paying tribute in Gold coinage under his own Political Branding you might say.

With all the talk of Brexit being the removal of a final obstacle to the deeper federation of a European State transcending tiresome nationalism, perhaps a little review of History, particularly Monetary history, might not be such a bad thing.

In the review of European competences carried out as a consultation by the foreign office regarding Brexit and or reform requirements of the Eu, two of the papers need to be considered in the context of the Money power argument.

The first paper considered is the Subsidiarity and proportionality aspects of the Lisbon treaty and the competences of the EU institutions vis National and regional democratic institutions. This is a trade-off between Centralised Efficiency and …

Turn Out Is Key. Election 2017. High Turnout and Labour Wins!!! #VoteLabour #DriveAfreindtothePollingPlace

Link To Lord Ashcroft Polling.

This Graph Explains the Importance of Turnout to the outcome of the Election Tomorrow.

If Turnout is the 72.2% of the Brexit Referendum last year you can see that the Light Blue line shows That the middle third of the probability distribution curve on Ashcroft's polling numbers has a Tory Majority of between 20 and 60 seats.
The 2015 turnout was 66.1 % overall. around the same as 1997 general election less than the 77% for the 92 vote. Historically the 1950 and 51 elections had over 80% turnouts.

1.Main points
The total number of UK parliamentary electors in 2015 was 44,722,000, a fall of 1.3% from 2014. The total number of UK local government electors in 2015 was 46,204,700, a fall of 1.3% from 2014. Between 2014 and 2015, the total number of both parliamentary and local government electors fell in England, Wales and Scotland, but increased in Northern Ireland. The number of parliamentary electors fell in all regions of England between 2014 and 2015.…