Can David win against Goliath? – The Storm on Wall Street

After the storming of the Capitol, there is now a big commotion on Wall Street. This time it is not the supporters of the Occupy Wall Street movement who are trying to storm the fortress of the financial world. It is small investors who are hurling a stone at the big funds.

Hedge funds – that’s what we’re talking about – are actively managed funds whose goal is to achieve the highest possible return regardless of market developments. This is achieved by hedging (hence their name) their shares, bonds, their investments in commodities, foreign exchange and other assets. Most of the time, funds hedge by buying what are called shorts on their investments. It works like this: they buy, for example, shares of a company within a longer period for a total of 1 billion dollars, usually when they are undervalued, which raises the price of those shares, which in turn attracts small investors. At this point the funds get rid of their shares and take a short position by borrowing the shares from an institutional investor like a pension fund and selling them on the market pushing the price down. To return the shares to the pension fund, they repurchase them at a lower price.

Because the price falls, the small investors lose their money and the funds in turn collect money because it sold the shares at a high price and recollect them at a lower price. Sometimes, however, they act the other way around, when they have “missed” an interesting “asset” that is largely owned by small investors. In such cases they start to sell borrowed stocks so that these small fish panic and get rid of their shares and the big sharks can take them over at lower prices. Not only pension funds but also other assets kept at broker accounts are borrowed to hedge funds without the knowledge of the owner, the pensioner or the retail investor. The whole mechanism is against the interest of the stock owner or pensioner, but generates some extra profit, in the form of a lending fee, for the custodian of the stocks.

The hedge funds have huge sums of money and so they can actually manipulate the price at will. What makes hedge funds risky is that they have little equity, and function largely through leverage (mostly from large investors or banks) on credit. In addition, hedge funds are often operated as offshore funds and are located in the Cayman Islands or Bermuda i.e. places where the financial sector is less regulated by law than elsewhere.
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Consider the log in your own eye

In 2020, Chinese parliament passed a new civil code that went into force on January 1, 2021. The new regulations contain a social credit system which is designed as a set of incentives and disincentives in the field of social behaviour. At the start each citizen is granted 1.000 points. Then a prescribed number of points is either subtracted from or added to this sum for a negative or positive act on the part of an individual. People with social ratings exceeding the initial 1.000 are awarded with all sorts of preferential treatment in banks and offices, whereas those whose initial sum of points dwindles encounter all manner of punitive measures like having difficulties taking out a loan or having worse employment opportunities. What kind of behaviour is rewarded?

Duty towards the state, which is mainly the timely payment of liabilities (taxes, credits, bills); duty towards society, which is the compliance with the law, participation in social events, care of one’s parents, having the allowable number of children, criminal record; and the individual’s activity in the net (behaviour towards other users, reliability of the information posted, purchases made and the like. The three categories are subjected to an algorithm which determines the social rating of a citizen. This in turn facilitates or impedes an individual’s efforts in terms of the availability of social services, price of credit, access to good education, travel abroad, employment or career in state-run institutions. The social rating system is made possible by heavy monitoring, by the hundreds of thousands of cameras, by the internet, and by overall data gathering.

The Western media have raised alarm and struck fear into the hearts of Europeans and Americans. It surpasses George Orwell’s predictions! It is Aldous Huxley’s brave new world in the making! China’s inhabitants are held on a tight leash while the uppity communist rulers wielding unbridled power step in with might and main to crush the vestiges of individual freedom by naming and shaming, by placing citizens under a round-the-clock surveillance and making their well-being conditional on complying with the state (party) requirements. A big kindergarten for adults to say the least, an ominous digital concentration camp to say it openly.
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Gefira #50 Lords of the World

Gefira 50 directs the reader’s attention to the movers of the world. Presidents, prime ministers and chancellors (even those referred to as Empress of Europe) are not the real leaders of their countries. Rather, they are chief executive officers of particular enterprises that go by the name of the United States, the United Kingdom, the Federal Republic or any other. Monarchs that used to rule over their countries my be gone, yet they have not been replaced by democratically elected officials. To be precise, they have, but only superfluously. Real power remains in the hands of the few very rich individuals who hold their term – like the monarchs of yesteryear – till their dying days.

Attentive individuals have long seen through the political systems and when they began voicing their opinion about them, they were mercilessly dismissed as followers or creators of conspiracy theories. These days, billions around the globe have seen it plainly: it is Mark Zuckerberg rather than Donald Trump, who has the final say. It is the former who could silence the latter in the twinkling of an eye, not the other way round. It is George Soros, a naturalized American citizen, who can publicly call the American president a danger to the world and get off Scot-free. He has not and will not face impeachment or anything of the same caliber; rather, it is the American president who is about to face his second impeachment.

Which is the reason why Gefira 50 delves into societies, institutions and organisations which operate behind the scenes. The few most important that were caught in our cross hairs certainly are merely the tip of the iceberg. The secrecy that envelops them and the fact that their activities are barely known to the public only implies that there must also be deep structures of whose operations we have no idea but whose existence we should – we must – reasonably infer or else we will never understand why politicians change their mind from one day to another, why certain individuals are suddenly in the spotlight of the media and become presidents or prime ministers while others disappear from public attention overnight.

The recent events in the United States along with the racial tensions that have been mounting there for decades bode ill for the country located between the oceans. The fault lines – political, social and economic – run deeper and deeper while the rapidly changing ethnic composition of the people collectively known as Americans only accelerates the process of inevitable disintegration. The Soviet Union and Yugoslavia are vivid even if dramatic recent illustrations of a dissolution of a state, while South Africa shows what future has in store for white Americans.


Gefira Financial Bulletin #50 is available now

  • Where is the Future Forged
    for Us
  • American Civil War
  • What awaits us in 2021?

No riots? No doubts?

The Washington Capital has been stormed. People got maced and shot at. Among the casualties there was a white woman who died as a result of a shot to the neck. To the neck. When a black man died as a consequence of a policeman kneeling on his neck, the whole of the United States seems to have gone up in flames. When protesters in Kiev in 2014 staged riots in the Maidan, the Western media were expressing their support for them and railing against the Ukrainian authorities.

Whence this difference? Whence this unjustness?

George Floyd was a violent male criminal, Ashli Babbitt – a respectable citizen, patriot, a servicewoman. The former was canonised upon his death, the latter may only expect universal condemnation.

Viktor Yanukovych was toppled down – rightly so, as the Western media maintained – by displeased people. No suspicion about the lawfulness of George Biden’s election are allowed to be harboured. Why?

The presidential election in Belarus was rigged, that’s what we are all supposed to believe in. The American presidential election was carried out impeccably, that’s also what we are all told to believe in. Continue reading

Readiness to be vaccinated and political persuasion

As is the case with any and all calamities that afflict humankind – be it war or for that matter a plague – people sooner or later grow accustomed to the new normal and shed off the initial fear even if the fear is being fuelled. Human psyche has this mechanism of adaptation. We can observe it also nowadays having in mind the covid pandemic. The polls conducted at the beginning of it showed that the vast majority of individuals expressed their oftentimes unconditional readiness to be vaccinated once the vaccine was available. Gradually this readiness has shrunk – at times and places significantly – which was only to be expected.

A more interesting observation concerns the political persuasion of those who want or do not want to be vaccinated. Across the world it transpires that individuals who are right-leaning are much less enthusiastic about vaccination than their left-leaning colleagues. In Poland it is 5% (five!) against 82% (eighty-two), when two extreme political wings are compared. Much the same is observable in Germany, Austria or the United States. How do we explain it?

What other features distinguish the two political camps? The right-leaning citizens are mostly religious and patriotic, they uphold tradition and are opposed to big government. Which of these features makes them remain sceptical about vaccination?

Religiosity may play a role. Religious people put trust in Providence and generally do not attach utmost importance to the mundane matters. Left-leaning individuals have no choice: the only life that they have on earth must be protected cost it what it may.

Patriotism may play a role. Since the pandemic and vaccination are global in their reach and are globally handled, it is only natural to expect patriots to be on their guard against any international or – better put – supranational measures which are being pushed by moderate or extreme globalists.

Right-leaning people tend to accept struggle rather than rely on security, social or otherwise. The political right does not hold the reins of power anywhere nowadays (the parties that are referred to as right-wing are in fact left-wing parties with a right-wing veneer that manifests itself in more patriotic or traditional jargon) and so are naturally opposed to the protective measures – such as lockdown and vaccination – taken by their political rivals. They also tend to suspect that the measures are enforced with a purpose other than the avowed one.

Be it as it may, it is a thought-provoking fact to know that there is a relationship between an individual’s political persuasion and his stance on vaccination.

Gefira #49 The Great Reset

Gefira 49 looks forward to the coming year. What will it be like? Will there be no end to the pandemic? Are we going to have a third wave or will we be saved by the vaccine? The effects of the measures taken by various authorities worldwide and occasioned by the virus are comparable to the aftermath of a war: flagging economy, large-scale structural unemployment, lingering uncertainty, and a sense of growing insecurity. As usual, we hear that the world will not be the same, that we will wake up in a reality much different to what we have been used to. Governments are not trying to calm us down; rather, they have been whipping up anxiety and frenzy. Why?

There are big, supranational players that have seized the opportunity and are quite open about creating a new world for us. They are intent on introducing a new type of capitalism, they are boasting about “building back better”, they are painting a rosy future with the aid of all the technological devices and scientific solutions that have been advanced and accumulated recently. Will this world be still human or already transhuman? We are promised to be participating in a grand vision of making everyone happy. Have we not heard it before? We are told we need to save the planet and make our economy sustainable. Everything must be sustainable and all goods universally accessible. And pretty soon! It is a breath-taking vision of serenity and satiety outlined for us by our benefactors. Is it not too good to be true? One almost feels tempted to say: May God defend us from our friends: we can defend ourselves from our enemies.


Gefira Financial Bulletin #49 is available now

  • The Great Reset
  • The world after the Corona pandemic
  • Stakeholder capitalism or a new face of communism
  • The birth of a new religion

The downfall of a tradition: Black Pete – Zwarte Piet

Author: The President
The Dutch original follows the English translation.

As a young boy, Sinterklaas Eve on December 5, the eve of his birthday, was pretty much the most exciting day of the year. Good children got presents from Sinterklaas, bad children could be punished by Zwarte Piet by getting blows with the rod. In case of serious misconduct you could even be transported to Spain in Black Pete’s bag. Recently, Sinterklaas apologized for this on national television. Hopefully, the future 2030 Saint (pictured below) will prove just as forgiving to sinful children.

We would put our shoe by the stove for weeks in advance and every morning I would sneak down to see if Pete had dropped by. He would reportedly come down the chimney to put some candy in. Sometimes I would put a carrot in the shoe for Santa’s horse.

On that particular night I would sit in the room with my parents, waiting for Sinterklaas to visit. The tension was unbearable. The moment I heard a knock on the window and I would crawl into the corner of the sofa with fright. The tension was not over. Sinterklaas and Piet would make us wait at least a further 10 minutes. Eventually, they would come in and with awe I would look up at Saint Nicholas and with due respect I would keep my distance from Piet. In the end it usually turned out that my sins were not too bad, so Piet would start handing out candy and eventually a gift in the name of Saint Nicholas. The Saint usually appeared as an old, dignified gentleman who was mentally no longer completely there while Piet acted as his right-hand man who would help the somewhat dull Saint. The Saint did not seem to be able to make it on his own and gratefully relied on his helper.

And let’s face it. Black Pete eventually had to do all the logistical work. It is clear that without Pete we could forget about our candy and presents. In the end we had nothing but awe and respect for Black Petes.

Now that I am much older, that picture appears to be incorrect if we are to believe the colored non-European immigrants. In our guests opinion Black Pete is an expression of racism. Neither I nor my parents had any notion of this in my childhood. So it is not surprising that we now experience this as insulting and find it strange to have to integrate into our own country.

That traditions slowly change is true of all times and places and the fact in itself is not a problem either. It is the way in which it happens that is bad. It is also strange that immigrants of color do not want to be associated with some of the best-oiled distribution network out there. Even more astonishing is the criticism when one considers that Zwarte Piet has been allowed to beat young white children for decades without ending up in jail!

The parallels between Sinterklaas and his Piet and contemporary society are abundantly clear. The original population is aging rapidly and can be compared with the older, somewhat senile, generous Saint Nicholas. The young immigrants are comparable to, according to legend, Moorish Black Petes. The Moors were a North African Berber tribe and therefore Muslim.

The comparison becomes even clearer when one considers that our Western societies have been playing Santa Claus for its citizens and immigrants for years. Guess who is currently delivering the gifts ordered by the Internet, either for one’s self or others. These are predominantly the colored Muslim immigrants in their vans. In any case, it all fits nicely in with the vision of our political elite about how our society should develop.

All these discussions in recent years have de facto killed the Sinterklaas tradition. Most retailers are already skipping the whole celebration in favor of Christmas.

The downfall of a tradition: Black Pete – Zwarte Piet

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