June 30, 2015

I had been hired into a large financial company. I wasn't sure of my position or duties. There were a lot of well-dressed people everywhere.

I tried to find out what I was supposed to do. I remember there was a map, like a topographical map. I asked how to get to a named point on the map. People talked but I didn't learn how. I said something about going up the road along the river, and then somehow crossing to the named point, which seemed to have a red flag next to it now. No one could help me. I thought I would have to cut cross country.

There was a big deal about shoes. Everyone was told how to get shoes. I thought I had it down, but suddenly I didn't have any shoes and my team was supposed to go to an important meeting. I was anxious, ashamed, because I didn't have shoes like everyone else. I felt small.

Somehow, I think I got the shoes. Someone got them for me? I felt happy again as we trooped out to the very important meeting.

But I didn't know what was going on. There were rules that had not been explained to me. I was in a state of confusion.

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My takeaway: business is full of misdirection and emphasis on trivial shit like dress. The important stuff is not discussed.

What is important is that The Fed could bail out Greece for less than the profits of the shareholder banks, for less than the profit the Fed returns to the Treasury each year. ("After providing for the payment of dividends and reserving an amount necessary to equate surplus with capital paid in, the Reserve Banks remitted $96.9 billion to the Treasury during 2014, which is the highest annual level of such remittances." <a href="http://www.federalreserve.gov/monetarypolicy/bsd-federal-reserve-banks-financial-information-201503.htm">FederalReserve.gov</a>)

Greece's total debt is <a href="http://www.reuters.com/article/2015/06/28/us-eurozone-greece-debt-factbox-idUSKCN0P80XW20150628">$271 billion</a>. 

The US Government found the way to guarantee some $23.7 trillion during the most recent financial crisis.

The idea that "there is no money left" is outdated, anachronistic, feudal. Production capacity should be the focus; there is no production capacity problem with supplying Greece. There is purely a financial, created, problem, resulting from scarcity thinking.