Central Banks "Have No Skin in the Game". by maneco64

View this thread on steempeak.com
· @maneco64 ·
$87.16
Central Banks "Have No Skin in the Game".
<center><a href='https://d.tube/#!/v/maneco64/42fg25lx'><img src='https://ipfs.io/ipfs/QmWVjuSqaTZLPwaaVfFGNj8cYFr7RvP4rETrGmJhvbUpHE'></a></center><hr>

In this report I cover the early market action from London on Friday, May 11th, 2018. I go briefly over the precious metals markets, the stock market, the foreign exchange market and the bond markets.

I also explain why central banks are institutions that create moral hazard in the banking and monetary system and to borrow a phrase from Nassim Taleb show why these government mandated monopolies "have no skin in the game".

Mr Taleb shows that the less "skin in the game" people or institutions have the more complicated these people and system become in order to justify their existence. I show in this report how central banks and the people associated with it have made looking at money, markets and the economy a complicated pseudo science.

The encouraging conclusion that Nassim Taleb has about these "complicated institutions" or paradigms is that they usually end up collapsing.

"Skin in the Game" by Nassim Taleb:
https://www.amazon.co.uk/gp/product/0241247470/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=0241247470&linkId=d84ae9c75bc185cf1ea64d2b8218ee3e 

<hr><a href='https://d.tube/#!/v/maneco64/42fg25lx'> ▶️ DTube</a><br /><a href='https://ipfs.io/ipfs/Qma6zVASPHu3DYfPZYxWgzuX3gWBgTTe1ttWhmfw9saUeo'> ▶️ IPFS</a>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
post_id48,020,422
authormaneco64
permlink42fg25lx
categorymarket
json_metadata"{"video": {"info": {"filesize": 102873981, "permlink": "42fg25lx", "title": "Central Banks \"Have No Skin in the Game\".", "spritehash": "QmPTvq5wTVAxLhCnUDRW4btEN2QmT1B1bikmJLVr96n6L8", "duration": 787.295782, "snaphash": "QmcvNXbGWKsGekL1LrudwjsnqRqk6vR7fNL4JozobCLJqR", "author": "maneco64"}, "content": {"videohash": "Qma6zVASPHu3DYfPZYxWgzuX3gWBgTTe1ttWhmfw9saUeo", "video480hash": "QmfPDuDNJGxPAqzY2oWHoUwbKPcGwEiDF6J8Lgf1moEiPo", "description": "In this report I cover the early market action from London on Friday, May 11th, 2018. I go briefly over the precious metals markets, the stock market, the foreign exchange market and the bond markets.\n\nI also explain why central banks are institutions that create moral hazard in the banking and monetary system and to borrow a phrase from Nassim Taleb show why these government mandated monopolies \"have no skin in the game\".\n\nMr Taleb shows that the less \"skin in the game\" people or institutions have the more complicated these people and system become in order to justify their existence. I show in this report how central banks and the people associated with it have made looking at money, markets and the economy a complicated pseudo science.\n\nThe encouraging conclusion that Nassim Taleb has about these \"complicated institutions\" or paradigms is that they usually end up collapsing.\n\n\"Skin in the Game\" by Nassim Taleb:\nhttps://www.amazon.co.uk/gp/product/0241247470/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=0241247470&linkId=d84ae9c75bc185cf1ea64d2b8218ee3e ", "tags": ["market", "economics", "money", "banking"]}}, "app": "dtube/0.7", "tags": ["market", "economics", "money", "banking", "dtube"]}"
created2018-05-11 07:45:18
last_update2018-05-11 07:45:18
depth0
children20
net_rshares23,364,164,445,457
last_payout2018-05-18 07:45:18
cashout_time1969-12-31 23:59:59
total_payout_value61.295 SBD
curator_payout_value25.865 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,430
author_reputation281,118,151,786,999
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries
0.
weight2,500
accountdtube
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (53)
@tufi ·
Yerinde bir yazı
properties (22)
post_id48,020,505
authortufi
permlinkre-maneco64-42fg25lx-20180511t074557847z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 07:46:03
last_update2018-05-11 07:46:03
depth1
children0
net_rshares0
last_payout2018-05-18 07:46:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length16
author_reputation92,139,201,544
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@mdismail ·
Thanks for great post. I appreciate this dtube.all the best.
Update and resteemit.
👍  
properties (23)
post_id48,020,752
authormdismail
permlinkre-maneco64-42fg25lx-20180511t074824790z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 07:48:36
last_update2018-05-11 07:48:36
depth1
children0
net_rshares577,059,977
last_payout2018-05-18 07:48:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length82
author_reputation128,167,460,043
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@gaintshoulder ·
$0.25
The big banks make the market look complicated and usually benefits themselves. They stay with the old beneficial ways and refuse to move with the trend. It will definitely collapse
👍  
properties (23)
post_id48,020,754
authorgaintshoulder
permlinkre-maneco64-42fg25lx-20180511t074835719z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 07:48:39
last_update2018-05-11 07:48:39
depth1
children1
net_rshares55,170,588,417
last_payout2018-05-18 07:48:39
cashout_time1969-12-31 23:59:59
total_payout_value0.235 SBD
curator_payout_value0.017 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length181
author_reputation709,759,331,542
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@maneco64 ·
That's right and that is why people should avoid dealing with them as much as possible.
👍  
properties (23)
post_id48,021,745
authormaneco64
permlinkre-gaintshoulder-re-maneco64-42fg25lx-20180511t075745273z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 07:57:45
last_update2018-05-11 07:57:45
depth2
children0
net_rshares590,254,998
last_payout2018-05-18 07:57:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length87
author_reputation281,118,151,786,999
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@sujonmia ·
I like it @maneco64 sir,,,
properties (22)
post_id48,020,857
authorsujonmia
permlinkre-maneco64-42fg25lx-20180511t074919825z
categorymarket
json_metadata"{"app": "steemit/0.1", "users": ["maneco64"], "tags": ["market"]}"
created2018-05-11 07:49:33
last_update2018-05-11 07:49:33
depth1
children0
net_rshares0
last_payout2018-05-18 07:49:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length26
author_reputation-300,453,853,020
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@timuann ·
$0.31
really always showing very important tropic in yourblog.i am a big fan of your post.because when i read your post i am learning alots of new thing in your post.its always educative for all steemians friend.but one week i am no comment in your post.its obviously my ned luck.i think that,i am missing alots of valuable post one week..but today i feel better my body.thanks to sharing for your market update in your blog..very well done..sir.. @maneco64 take care yourself and best of luck of your great work..
👍  , ,
properties (23)
post_id48,021,435
authortimuann
permlinkre-maneco64-42fg25lx-20180511t075502550z
categorymarket
json_metadata"{"app": "steemit/0.1", "users": ["maneco64"], "tags": ["market"]}"
created2018-05-11 07:55:06
last_update2018-05-11 07:55:06
depth1
children1
net_rshares68,113,835,209
last_payout2018-05-18 07:55:06
cashout_time1969-12-31 23:59:59
total_payout_value0.310 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length508
author_reputation6,539,665,809,709
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@maneco64 ·
Thank you for the feedback @timuann!
properties (22)
post_id48,021,623
authormaneco64
permlinkre-timuann-re-maneco64-42fg25lx-20180511t075646473z
categorymarket
json_metadata"{"app": "steemit/0.1", "users": ["timuann"], "tags": ["market"]}"
created2018-05-11 07:56:45
last_update2018-05-11 07:56:45
depth2
children0
net_rshares0
last_payout2018-05-18 07:56:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length36
author_reputation281,118,151,786,999
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@lafzaia ·
That's a another day good updating market news,,thanks for sharing,,
properties (22)
post_id48,021,643
authorlafzaia
permlinkre-maneco64-42fg25lx-20180511t075654533z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 07:56:57
last_update2018-05-11 07:56:57
depth1
children0
net_rshares0
last_payout2018-05-18 07:56:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length68
author_reputation277,544,952,358
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@nishuxr ·
that's a good content,@maneco64
the stock market, the foreign exchange market and the bond markets update news is so good..i also grateful for giving the valuable information on central banks,,
Thanks @upvoted
properties (22)
post_id48,021,935
authornishuxr
permlinkre-maneco64-42fg25lx-20180511t075926196z
categorymarket
json_metadata"{"app": "steemit/0.1", "users": ["maneco64", "upvoted"], "tags": ["market"]}"
created2018-05-11 07:59:30
last_update2018-05-11 07:59:30
depth1
children0
net_rshares0
last_payout2018-05-18 07:59:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length209
author_reputation679,551,260,249
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@mdraba ·
That's a great one I  realize that this is helpful post for us and your post I see and I appreciate your post always actually your every post follow always and often your not seen and again your post to seen in your profile blog..
Just all.
Thanks a lot for sharing and provide kinds information market update keeping it up..
And I will wait for your next post..
Upvote and resteemit done....
👍  
properties (23)
post_id48,023,245
authormdraba
permlinkre-maneco64-42fg25lx-20180511t081030363z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 08:10:42
last_update2018-05-11 08:10:42
depth1
children0
net_rshares283,968,180
last_payout2018-05-18 08:10:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length392
author_reputation756,639,289,550
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@sabbir1213 ·
Thank you sir for  cover the early market action from London, you everyday doing you job, carry on sir, its helpful for everyone, best wishes for you.
👍  
properties (23)
post_id48,023,424
authorsabbir1213
permlinkre-maneco64-42fg25lx-20180511t081211369z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 08:12:12
last_update2018-05-11 08:12:12
depth1
children0
net_rshares602,488,263
last_payout2018-05-18 08:12:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length150
author_reputation2,010,635,440,258
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@rehan12 ·
They sure will look at their end only that is how they always act.
properties (22)
post_id48,024,225
authorrehan12
permlinkre-maneco64-42fg25lx-20180511t081919944z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 08:19:24
last_update2018-05-11 08:19:24
depth1
children0
net_rshares0
last_payout2018-05-18 08:19:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length66
author_reputation276,128,422,051,112
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@anikearn ·
$0.10
Thanks for information my dear
👍  
properties (23)
post_id48,025,542
authoranikearn
permlinkre-maneco64-42fg25lx-20180511t083128988z
categorymarket
json_metadata"{"app": "busy/2.4.0", "community": "busy", "tags": ["market"]}"
created2018-05-11 08:31:39
last_update2018-05-11 08:31:39
depth1
children0
net_rshares21,885,456,284
last_payout2018-05-18 08:31:39
cashout_time1969-12-31 23:59:59
total_payout_value0.076 SBD
curator_payout_value0.022 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length30
author_reputation30,666,673,307,131
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@kofibeatz ·
$0.24
This makes so much sense. This is the 1st thing that has brought a smile to my face. There's something rewarding about viewing the central banks who are the main reason for Africa's trauma being rendered obsolete. Thank you for such great news @maneco64..
👍  
properties (23)
post_id48,026,316
authorkofibeatz
permlinkre-maneco64-42fg25lx-20180511t084342019z
categorymarket
json_metadata"{"app": "steemit/0.1", "users": ["maneco64"], "tags": ["market"]}"
created2018-05-11 08:39:03
last_update2018-05-11 08:39:03
depth1
children2
net_rshares53,519,195,524
last_payout2018-05-18 08:39:03
cashout_time1969-12-31 23:59:59
total_payout_value0.241 SBD
curator_payout_value0.002 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length255
author_reputation1,049,810,980,865
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@maneco64 ·
Hi @kofibeatz,  I am glad I could bring a smile to your face!
👍  
properties (23)
post_id48,026,682
authormaneco64
permlinkre-kofibeatz-re-maneco64-42fg25lx-20180511t084222131z
categorymarket
json_metadata"{"app": "steemit/0.1", "users": ["kofibeatz"], "tags": ["market"]}"
created2018-05-11 08:42:21
last_update2018-05-11 08:42:21
depth2
children1
net_rshares3,848,472,207
last_payout2018-05-18 08:42:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length61
author_reputation281,118,151,786,999
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@kofibeatz ·
It's been challenging so far and I appreciate your effortless approach @maneco64..
properties (22)
post_id48,030,056
authorkofibeatz
permlinkre-maneco64-re-kofibeatz-re-maneco64-42fg25lx-20180511t091422057z
categorymarket
json_metadata"{"app": "steemit/0.1", "users": ["maneco64"], "tags": ["market"]}"
created2018-05-11 09:09:45
last_update2018-05-11 09:09:45
depth3
children0
net_rshares0
last_payout2018-05-18 09:09:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length82
author_reputation1,049,810,980,865
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@soumon ·
Sometime I think that central bank is doing something bad like cheating with us.
properties (22)
post_id48,038,043
authorsoumon
permlinkre-maneco64-42fg25lx-20180511t101457808z
categorymarket
json_metadata"{"app": "busy/2.4.0", "community": "busy", "tags": ["market"]}"
created2018-05-11 10:15:00
last_update2018-05-11 10:15:00
depth1
children0
net_rshares0
last_payout2018-05-18 10:15:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length80
author_reputation747,021,898,927
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@andrewskelton ·
good afternoon maneco64 i am up late today great info as usual my friend, yes banks central and private have no skin in the game they bring absolutely 0 zilch only debt, get rid of that then the fiat system collapses, have a great day, shoot low and enjoy the elvis impressions. :)
properties (22)
post_id48,048,096
authorandrewskelton
permlinkre-maneco64-42fg25lx-20180511t113306650z
categorymarket
json_metadata"{"app": "steemit/0.1", "tags": ["market"]}"
created2018-05-11 11:33:12
last_update2018-05-11 11:33:12
depth1
children0
net_rshares0
last_payout2018-05-18 11:33:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length281
author_reputation473,756,907,942
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@rosebudds ·
I like your point of view and I do agree that the Central Banks are mostly immuned from the overall markets. No matter where the market is headed they are still doing alright. On the note of who has skin in the game and a good way to track what is going on in the markets overall I personally look at the COT Reports from the CFTC.

https://www.cftc.gov/MarketReports/CommitmentsofTraders/AbouttheCOTReports/index.htm

A simple google search of "COT Report (insert what you are interested in here)" will do wonders for your strategy in trading

https://www.cftc.gov/sites/default/files/inline-images/39922-1_0.gif
properties (22)
post_id48,173,214
authorrosebudds
permlinkre-maneco64-42fg25lx-20180512t095748338z
categorymarket
json_metadata"{"links": ["https://www.cftc.gov/MarketReports/CommitmentsofTraders/AbouttheCOTReports/index.htm"], "app": "steemit/0.1", "image": ["https://www.cftc.gov/sites/default/files/inline-images/39922-1_0.gif"], "tags": ["market"]}"
created2018-05-12 09:57:48
last_update2018-05-12 09:57:48
depth1
children0
net_rshares0
last_payout2018-05-19 09:57:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length613
author_reputation24,673,014,968
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
@moneysteemit ·
The big banks make the market moves look complicated and usually just to benefit themselves. and that's not very good.
properties (22)
post_id48,240,151
authormoneysteemit
permlinkre-maneco64-2018513t1504162z
categorymarket
json_metadata"{"format": "markdown+html", "app": "esteem/1.6.0", "community": "esteem", "tags": ["market", "economics", "money", "banking", "dtube"]}"
created2018-05-12 18:50:12
last_update2018-05-12 18:50:12
depth1
children0
net_rshares0
last_payout2018-05-19 18:50:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length118
author_reputation160,119,580,804
root_title"Central Banks "Have No Skin in the Game"."
beneficiaries
0.
weight1,000
accountesteemapp
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000