Good morning everybody, 5th of August 2024, a bit of an emergency stream today. I'm sure as you're aware the current world economy is going through various levels of hysterical paroxysms.

And just a disclaimer up front, I am not an investment advisor

or investment expert.

This is not investment advice. Your capital is at risk, don't buy or sell anything

based upon what a philosopher is saying.

So I'm obviously better on the philosophy side than the economic side but I will do my best.

So let's look at the current situation.

And it's a fluid and changing situation so this data will have changed of course over the last

little while.

This is mostly from yesterday to today. Japan's stock market

posts its biggest two day drop in history. The magnificent seven stocks are raised over a trillion

dollars in market cap. Cryptom markets are raised over 500 billion in market cap in 24 hours. C

crypto markets raise over 500 billion in market cap in 24 hours.

Markets price in a 60% chance of an emergency fed rate cut.

South Korea has halted all sell orders on their stock market and

NASDAQ futures for as much as 6.5% in one day.

So what's going on? Nobody knows. I don't know, you don't know, nobody knows. I'm going to put out my

theories which may be as much nonsense as fact. But what is going on? I think there's three things. Japan increased its interest

rates for the first time in what 15 years and that's number one number two disappointing US job

numbers number three war war always a challenge to the economy except for the warmongers and war profiteers.

So the first philosophical aspect that I want to put out there is to understand that capital is prey.

I want you to understand this very foundationally capital of savings resources right all of the

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