One of earliest Project August dreams that turned into a predicted headline involved China inviting the dreamer to a BBQ in celebration of a great financial accomplishment.
Well, I’m not ready to pair up the next financial-type story with this dream, but I bring it up because it does have the same sort of feel here. Of course, the timing is off by about a month, but the rest really does seem strangely similar.
Introducing Chen Guangbiao, a very wealthy Chinese man who invited 1,000 homeless people in New York City yesterday for a great big meal. The article doesn’t specifically mention a BBQ, but I would imagine some sort of large-scale cooking arrangement here.
Snippet from Reuters:
Chinese millionaire set for lunch with 1,000 homeless in NYC
(Reuters) – A wealthy Chinese businessman who tried to buy the New York Times planned to serve a free lunch to 1,000 homeless people in New York’s Central Park on Wednesday with 250 of them dining in the park’s Loeb Boathouse restaurant.
Chen Guangbiao, who made his fortune in the recycling business, took out newspaper advertisements last week inviting “poor and destitute Americans” to lunch in the park.
During the meal, the Chinese philanthropist has promised to serenade his guests by singing “We Are the World,” the 1985 charity hit song to fund African famine relief.
“I want to spread the message in the U.S. that there are good philanthropists in China and not all are crazy spenders on luxury goods,” Chen told the South China Morning Post about his motivation for the lunch.
(You know, the story doesn’t really give a strong sense of when this thing occurred or will occur, and I wonder whether August might be on the table.)
So, that was a story that relates to the BBQ dream in a very direct way (the manifest content), but the next story matches our more metaphoric Project August headline (which was, “It’s Now Official: China Overtakes US as Biggest Economy.”)
So, wouldn’t one expect some very good GDP numbers if you saw all green up arrows on the stock markets yesterday?
Welcome to the land where good news brings stock markets up, but so does bad news!
Here’s the deal…
Wow, that’s quite a lousy number, but there’s nothing to see here, folks, nothing at all! Just look at all the green up arrows….see, the market is fantastic!
I find it hilarious that I have to locate this news overseas at the BBC. Another indicator about what gets fed to our bashful investing sheep.
Conscientious objectors or sheeple syndrome?
Ask any financial analyst about why something like this could occur. I mean, if the GDP is going down, then what’s so “up” about the market?
They will invariably mention that it’s not the actual number that matters, it’s how it compares to the ESTIMATES. Ah, so if they have an estimate of negative 5%, and the number comes in at negative 2.9%, then that’s a huge celebration, right?
By the way, why don’t we ever see even numbers, like 3.0%. The economic numbers always look like food prices…you never see a $5 gallon of milk, it’s always like $4.98 to trick you into thinking it’s cheaper than it really is. Certainly the government isn’t doing that to our economic data?
Okay, so anyway, the estimates of our GDP were probably bigger than 2.9% and thus Wall Street celebrating a lower loss than expected, right?
HA! Tricked you there….
Get this (and I quote from BBC):
“This was worse than the previous estimate of a 1% contraction, and also worse than economists’ expectations.”
Well, there has to be something of good news in there! How about this next snippet? It gets even worse!
“Consumer spending – which is responsible for more than two-thirds of US economic growth – increased by 1% in the quarter, rather than the 3.1% rate as first estimated [oops, I was wrong about the food-price thing].
Trade was also a bigger drag on the economy than previously thought, with exports falling by 8.9% rather than a previously estimated 6%.”
What the Bleep is going on here? Rigged markets? It’s the only thing I can think of, but going back to our Project August headline: It’s still on target….as the US loses ground, China gains.
Unrelated to Project August but still economic
I include this next bit because I love a good paradox. The headline is this:
I can envision all the healthy people doing what my initial reaction was: Hooray!
However, this is a huge whammy for the little capitalism we have left in this country’s oligarchy-run trainwreck. This story has Ayn Rand’s Atlas Shrugged written ALL over it. Basically, Rand’s USA government was stepping in and determining all the laws and selling prices for the big corporations (anti-trust and anti-monopoly was the big them in Atlas Shrugged).
This Whole Foods story is slightly the same…the government (the courts) deciding what’s appropriate or not appropriate.
Granted, WF apparently did some devious things that aren’t related to honest monopoly, but the accusation of “overcharging customers” has a pretty definite anti-trust sort of feel to it. So, we have big government on the prowl, making everything right.
Here’s the paradox…Who DOESN’T feel that they are being gouged at the organic health food stores? On the flip side, who likes living in a free democracy with a free capitalistic structure to it? Okay, well there you have it. You can’t have it both ways, so let’s invent a new system that won’t have this problem.
I nominate Jacque Fresco’s Resource-Based Economy. Any other ideas? If you’re thinking socialism, real capitalism, or any sort of –ism, chances are that it will rape the Earth, and therefore, I will not support it. But you never know…give me a try.
If you want to keep a money system, then at least get rid of big private interests (the word “interest” is referring to every single way you can interpret that word). You’ll want to look into something like William Spademan’s rCredits up there in Massachusetts.
Another possible starting point for research is here.
Interestingly, it seems the well-to-do countries are doing so at the expense of the non-well-to-do countries. This inequality may not last too much longer, as indicated by this meeting of the lower 133 countries recently.
The dream of 2014?
If you’re ready to explore what might happen after the current bubble economy pops, you might want to start with this thrilling Project August dream. The dreamer was floored when she found out who visited her in the dream. You might be floored too, especially if you’re at all familiar with constellations…
…and Finally…the clock is ticking…
I hope you’re seeing how all these dreams are coming together. In this section you’ll see how the previous dream might be so vital in the coming days, perhaps even as early as August.
To get into this material, check out this link, but then be sure to get the background on how our Project August dreamer pegged this whole potential meltdown. The article, which includes full analysis, is here, and the recent update is here. Don’t miss it!
Copyright © 2014 Chris McCleary. All rights reserved.
---------- NDC Announcments -----------
Don’t miss our daily DreamBot run which shows a brief status of the collective unconscious.
Copyright © 2014 Chris McCleary. Except for quotes, all rights reserved and any reference about this material requires a link back to this page.