This is a story about volatility...

Most people don't like Mondays. I don't like Wednesdays. I refer to them in my own mind as "whacky Wednesdays" and try and make a mental note not to be travelling anywhere on that midweek hump day. The world always seems to be going bezerk on a Wednesday.

I woke up early this morning to check what the Nikkei - the top 225 shares traded on Tokyo's stock market - was trading at. Money has to go somewhere. When money takes flight, it can run to save-haven currencies, like the Swiss Franc, or it can flow into to other global markets: heading East or West in a follow-the-sun tidal wave. 3 trillion dollars are currently on the move.

Capital can move into scarce commodities like gold when stuff is really turning sour, like it did in the lead-up to the credit crunch. Finally, there are the bond and gilt markets, for the mugs who believe in the power of governments and corporations. Built on top of all these securities are quadrillions of dollars worth of derivatives, but it's very hard to get any sense of what the value of these 'assets' are, and where they're held.

Derivatives are a bet on an underlying security's value. Futures and options are the classic instruments, that allow you to bet that the share price of a company is going to rise or plummet more than the market expects.

The thing about placing a bet is that it manipulates the market. George Soros was famously given so much leverage by the investment banks backing him, that he was able to exhaust Britain's foreign currency reserves and force the UK out of the European Exchange Rate Mechanism, causing the value of Sterling to plummet.

Laughably, people were able to speculate on the outcome of the EU referendum in very much the same way... including George Soros! The amount of commission earned by investment banks on trades last Friday will pay for some pretty good bonuses this year, I expect. The result of the referendum was obvious: speculators had placed such big bets that there was a vested interest in the result.

When a jockey jumps off a horse, or a goalkeeper throws a game, are we surprised? An entire baseball team fixed the world series, for fucks sake. It's basic economics: people respond to financial incentives.

If you want to know what's going to happen, just follow the money.

Vast sums of money flooded out of Kuwait before Saddam's invasion. Loose lips sink ships, but loose lips also make the whole capitalist system go round. How do you think hedge funds know what to bet on? They've got a fucktonne of bent lawyers, who tell them what's happening with every merger & acquisition... that's how!

You can somewhat regulate share dealing: it's obvious when somebody has bought or sold a big stake in a company. But with spread betting, derivatives and FX, there's no record of who was clearly 'insider dealing'.

Opinion polls and equity markets mean jack squat. If you want to know what's going to happen in the global markets, have a look at which way the betting is going.

When it comes to bookmaking, the favourite is the one that's likely to win, right? Well, err, not exactly. A bookmaker's job is to price things according to sentiment not probability. If you want to sell anything, it has to be at an attractive price to your buyer.

So, when we came close to the referendum, there were very generous odds on backing Brexit. What does that say to me and George Soros? We're both speculators. Neither of us hold a position. We've got a big purse of money, and we're going to back a particular outcome, and the bookmakers have baited their hook, looking for a buyer with deep pockets.

In a year where the 5,000 to 1 shot, Leicester, win the Premier League, surely people could see that the generous odds were pointing to something? In a 1 in 20 horse race, odds of 1 in 5,000 are generous. In a 2 horse race, the odds that we would remain in the EU peaked at 86%. Don't you feel just a little dumb, if you think that everybody is playing fair? There's so much money at stake, why would they?

Why do the rich keep getting richer, and the poor keep getting poorer?

Well... the game is rigged you stupid c**ts. From sharp-elbowed parents getting their kids the best places in school, to executives making sure they get a big pay-rise and bonus while holding down the wage inflation of their underlings. This isn't some illuminati conspiracy-theory bullshit. The hard data is right there in front of your eyes.

So, tomorrow, your pension fund gets trimmed still further and your currency takes another hammering. More wealth leaves your pocket and enters the pockets of the guys who know what's going to happen next before it's even happened, because money talks.

I also fear that there is going to be some terrible event soon, because of the forces of hell that have been unleashed by this jingoistic rhetoric, hateful language and right-wing empowerment. I have this feeling of dread that a mosque is going to be desecrated, or another person like Omar Mateen or Thomas Mair is going to commit an atrocity. The tinderbox of hatred has been set alight by those who seek to profit from instability and volatility.

Anybody who thinks that bankers are suffering from the Brexit vote is an idiot. The markets love volatility, and trading floors are making a killing.

Tomorrow is business as usual in the City and with the hedge funds, and the idiotic British public have played into the hands of speculators like George Soros spectacularly, yet again.

Tags: #banking #capitalism #london #europe #politics

This is a story about self destruction...

This little machine has allowed me to rise to a level of mastery of a profession where I could command in excess of £200k (gross) per annum for my skills, walk out of one job and into another, and generally enjoy a period where I didn't have to know my bank balance or save up for anything. This statement is vulgar, I hope people don't think boastful, but it's certainly distasteful.

I now live in an apartment with panoramic views of the Thames. I can see Heron Tower, The Gherkin, Tower 42, The Cheese-grater, The Mobile Phone, Tower Bridge, The Shard, The London Eye and a number of iconic London skyline icons.

This would be sustainable, but since the age of 19 or so, I figured out that it doesn't matter if it's torpedos fired from a submarine, or Credit Default Swaps, traded in the front office of an investment bank... it's all the same fucking 1's and 0's.

Some pudgy, piggy-eyed, adenoidal little pricks have carved themselves out little fiefdoms where they have constructed such impenetrable balls of mud, that no sane programmer would venture in.  They take pleasure in having made themselves key-person dependencies.

I like to think I'm ethical, and it's only because I was being whipped so hard by my bossess to deliver DTCC that I didn't think of the ethical impact of Credit Default Swaps and Collateralised Debt Obligations on the world economy. JPMorgan processed 70% of that toxic waste, and that equates to $1.16qn of money that was circulated, while the real collateralised securities and precious metals were moved into the accounts of those who knew what was really going on.

I wrote the system that confirmed those trades. I saw the data flow through. I saw live production data, and I couldn't believe the notional values that were being traded.

I feel like I could have stopped $1.6m of 'fake' money, for every man woman and child on the planet, from being pumped into an economy that was only ever supposed to last as long as the 'smart' money moved their assets. There just isn't enough precious metal, fiat currency, property and securities to collateralise all the derivatives that have been printed. The paper is worthless.

I can't see how it can be propped up. As it starts to crumble, I'm going to feel more & more responsible.

I feel like ground zero.

I don't want to wake up tomorrow.

Tags: #banking #suicide #career #london

This is a story about individuals and their identity...

This chicken has been excluded from school because its wild hairstyle is not in line with the dress code. Education and employment are all about conformity, and this flamboyant character is causing dissent amongst the ranks.

There are lots of choices to express your individuality, without falling foul (sic.) of the rules:

• Trousers can be black, navy blue or grey. No jeans/denim/tracksuits
• Socks can be black, navy or grey. No patterns
• Shoes can be black or brown. They should be formal lace-ups. No velcro. No trainers.
• Shirts should be white, long-sleeved and with a collar. No patterns or textures allowed.
• Jumpers must be V-necked and in plain grey, black or navy blue. No logos.
• Waistcoats should be black, navy or grey.
• Jackets should be grey, black or navy. They should be single breasted with plain buttons. There must be a lapel/collar.
• Ties and other neckwear can only be the approved item in the correct corporate colours
• No jewellery
• No visible tattoos
• No make up
• Haircuts should be short back & sides for boys
• Girl's haircuts should be dull as fuck
• Any other kind of fashion accessory is forbidden, with extreme prejudice

As you can see, there are quite a lot of possible combinations and permutations to express your individuality here. Can you really say that the boy wearing the grey trousers with the brown shoes and the blue V-neck jumper, looks anything even slightly like the girl wearing the navy blue trousers and blazer? No way!

Once, there was a boy who had his nose pierced. He was burnt at the stake later that day as a warning to any other rebels. His screams of agony and the pungent smell of burning human flesh was the only way to send a clear message of just how important it is that we all stay within a narrow set of parameters. Non-conformists will be dealt with by any means necessary.

The names and dates of famous battles, or the deaths of kings and queens are very well documented, and would take seconds to look up in a reference book. The multiplication or division of two large numbers is something that a calculator costing less than £1 is able to do with perfect accuracy. Writing an essay about the third word, on the second paragraph of page 122 of a book, is not even going to be read. There is no point in hundreds or even thousands of students sitting the same exam... one of them can do it and then just produce as many photocopies of the answers as are required to satisfy the arbitrary requirement for questions with known answers to be written down from human memory.

When we later come to work, we can simply work out the asset value of all the buildings, land, machinery etc, sell it all off and divide the money between all the employees. In the case of banks, we can add up all the funds under management, and then just divide that up between every man woman and child on the planet. Probably about £12,000 each, just for the derivatives.

Given that half the world lives on less than $2 a day, once we've done this, we can all live for 25 years without having to do another exam, go to 'work' or stress out about any spreadsheets, promotions, kissing your boss's arse. Not just you, not just me... every single person on the planet, including the brown people who we don't generally give that much of a shit about.

I would pass some new laws. Anybody who asked you which Uni you went to, or what your A-level results were could be shot. Anybody who asks you in any way to jump through a hoop or roll over and play dead or generally act like a performing animal could be rounded up and euthanised. It's cruel to let these insane individuals, who think they're superior enough to sit in judgement over others, to continue with their delusions of grandeur.

Unless you're growing food, catching fish, building houses etc. etc.... basically, unless you can explain to your granny what the hell it is that you do, then you can either stop doing that and go get a proper job, or you can be shot.

All 'managers' would probably be the first wave of people who would be put into cargo planes and flown to sub-saharan Africa. Although some lions might choke on their biros and find their flipcharts hard to digest, I'm sure that society would feel immediate benefits.

A special team of assassins would be tasked to go round all the super-wealthy and ask them "did you earn your money?". Any kind of affirmative response would result in summary execution and reappropriation of the hoarded wealth. It's rather tragic to think of all those poor deluded individuals who think they worked harder than a malnourished boy scouring a rubbish dump for enough plastic bottles to pay for a mouthful of rice. The world will not miss those entitled little pricks.

I'm tempted to say that anybody with a face as smug as David Cameron's is clearly in line for the chopping block, but I suppose there could be one or two unfortunate individuals who just happened to be born looking like a silver-spoon in the mouth cockwomble. Probably best to just kill everybody who went to Eton, Harrow and Winchester, just to be sure though.

There would no doubt be total anarchy, chaos, lynching mobs, grudges being settled, looting, rape, pillaging... pretty much everything that we export today to the developing world.

I have no idea what I'm blathering about, but I'm just trying to take my mind of my sister, who's had her rent & bills paid, cars bought and maintained and regularly had her begging bowl filled by our parents, could possibly accuse me of being a hypocrite. I even put the deposit down on a car for her one Christmas. Perhaps she's been taking the same drugs as my parents.

Do I owe the world more than I've given? Yes, you're damn right I do. Have I been through hell. Yes, I've been through hell too, so there's probably some karma there. Are you God? No? Fuck off then.

Tags: #politics