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So I have been right all along. The numbers guys are there to find a way to keep the tax people busy and bored out of their minds so they go away and let the pirates go back to their plundering.

I highly recommend the book "Debt: The First 5000 Years" by David Graeber. Made me understand why I have never understood anything about finance etc.

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Enjoyed reading this and hope you put up some more stuff. Found you from your comment on Justin E.H. Smith's newsletter.

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In the 1970's, my older brother was the controller in a small electronics manufacturing company. He told me he could make a lot of money renting out the cash in the general account on weekends. He didn't rent it out but he did explain to me a little about how being an account could be interesting. It has always amused me how much time some people spend worrying over money. I never had much and didn't really care. I was having too much fun.

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LOLZ! I was there for the great financial crisis (being a bond guy), not to mention every one that followed and every one that preceded it back to the LTCM debacle and you pretty much nailed that aspect of it - a manager in charge of one variable.

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From previous post (no 'Comments' box there):

"I’m a generalist, or a dilettante, or a jack-of-all-trade-master-of-none, or whatever. Take your pick.

"If history is a guide, I’ll abandon it after a few posts, but I have hope. We’ll see.

"Substack is designed to elicit paid subscriptions, but I expect to get zero dollars from it. If for some reason thousands of people each pay $1, I’ll go against everything I believe"

Yeah, me too!

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