This is a story about worthless paper...

Do you want to know how to make an infinite amount of money? First, you should obtain a boat. Then, take out as many insurance policies as you can afford the premiums of, on the boat. Then, sink the boat and claim on the insurance policies.

Why can't you do this? Well, because it's illegal to insure something more than once, for the very reason that it creates a financial incentive to go around sinking boats. People respond to economic incentives.

However, it is possible to take out as many life insurance policies as you want. The reason being, that it is assumed that because murder is illegal and suicide used to be (now it's decriminalised) then there is some protection from those who wish to profit from death.

But what about a company? Is a company a person-like entity? Should it be possible to buy life insurance policies for a company?

What is a Credit Default Swap? Well, the simplest explanation is that it's a life insurance policy for a company. If a company gets into a financially distressed situation where it can no longer repay its debts, then the Credit Default Swap will pay out. This is called a credit event. Basically, a credit event normally means the company is dying, because they can't pay their debts. A company that defaults on its debts is never going to be able to refinance themselves after a credit event, because their credit rating will be junk. Game over.

So, if you allow people to take out an infinite amount of Credit Default Swaps, betting that a company is going to go bust, aren't you economically incentivising that event to happen? If there's a bigger and bigger pool of money that is hoping that a company goes bankrupt, that is far bigger than the pool of money who want to see the company rescued, isn't the market going to quite naturally want to push that company under, so that almost everybody gets a big payday?

We know that markets can be manipulated, and because Credit Default Swaps are an Over-The-Counter (OTC) product, there is no market regulation. It's not possible to know who is dealing in these financial instruments, and who stands to benefit. They're kind of ideal for insider trading, because they just don't have the same kind of traceability of equities that are traded on stock exchanges.

The other un-nerving thing about Credit Default Swaps, is that there is no underwriter, and no need to prove that you have sufficient collateral to cover the paper that you have printed. It's possible for organisations to sell vast quantities of Credit Default Swaps, and have nowhere near enough money to cover the losses if the credit events happen.

In the insurance market of Lloyds, there are wealthy names who provide the collateral - cash, precious metals, priceless artworks, property, liquid assets (like shares) etc. etc. - to make sure that the money is there in the event of an earthquake, flood, fire or whatever massive disaster might affect the insurance industry in a major way.

However, in the derivatives market, only the mature products like Futures and Options would have margin calls and require collateral to make sure that losses never exceed one counterparty's ability to pay. Credit Default Swaps have been allowed to be printed completely without regulation, which is concerned with making sure that a credit event wouldn't totally wipe out the risk holders.

Some measures put the Credit Default Swaps market at about $16 trillion, however, when all the contracts were entered into the Depository Trust and Clearing Corporation's central system in 2008, the aggregate notional value of the contracts was closer to $2 quadrillion ($1,700,000,000,000,000). That's a shit tonne of worthless paper.

But is it worthless? Well, when the collapse of Lehman Brothers triggered a credit event, the money that was demanded by those looking to cash in their Credit Default Swaps would have brought down massive companies like AIG as well as putting a deadly dent in the balance sheet of just about every investment bank with a proprietary trading desk (i.e. all of them) who had been foolishly dabbling with these stupid contracts.

Why stupid? Well, the whole idea of being able to make unlimited bets against a company is market manipulating beyond belief. Who's going to recapitalise a company and save it, when you can bet against it in secret instead? Why wouldn't anybody who gets the vaguest whiff of a company in financial trouble not rush off and place large untraceable wagers that it's going to fail?

Naked short selling is pretty bad, but there's only a certain amount of leverage that you can get, and you have to have the collateral to cover your exposure to the risk that the market might go against you. When you're talking about naked Credit Default Swaps, you're looking at the ability to get leverage of thousands of times the amount of money you're actually risking. That kind of potential profit has the ability to move the market, and collapse a company.

It's a simple moral question: if companies are like people, and therefore allowed to be 'life insured', should we be allowed to murder them so that we can cash in on their death?

Tags: #banking #capitalism #jpmorgan #derivatives

This is a story about premonitions...

Our perception of reality is subjective, and it is coloured by our state of mind. I'm deeply depressed, so I tend to see everything as negative, hostile, and doomed to failure.

Yesterday, I was writing a piece about how I thought the markets had over-corrected, and how I expected to see another rout in the FX and equities markets, of Sterling and the FTSE. Little did I know, that as I was writing, a terrorist attack was occurring in Istanbul, Turkey.

When your mental health is suffering, sometimes you can start making too many connections, seeing too many co-incidences. Last year I started to misinterpret events as significant in my life somehow. I started to feel overly connected to things happening around me - because I was unwell - and thought I was at the epicentre of a seismic event again, like during the Credit Crunch, when I felt at the very heart of the derivatives market and Credit Default Swaps, with JPMorgan.

Michael Cherkasky, the monitor from the US Department of Justice, still isn't happy with HSBC's customer due diligence, but nobody seems to give a shit. The share price might have dropped almost 20%, but so far as I know, nobody's going to prison for not warning the shareholders, which would be a violation of the Sarbanes-Oxley Act, which has tried to force public corporations to be honest and open when things are going wrong.

The thing is, the show must go on, and everybody has a vested interest to some extent. Bear Stearns couldn't fail, because the markets were already spooked by Lehman Brothers. Greece couldn't default, because the entire stability of the European single currency and the stability of global markets was at stake.

Even now, with Britain prompting a disorderly rush for the door, and the potential for systemic collapse, as a domino-like chain of events is set off, we are still seeing a surprising amount of stability.

Market economics is supposed to weed out the weak and the reckless. The companies and governments that have gone beyond their means are supposed to be punished by the market, but actually what we have all demanded is stability, not a free market.

Really, Bear Stearns should have been allowed to fail, AIG should not have been bailed out, Greece should have been allowed to default on its debts, the UK should be allowed to precipitate the collapse of the Eurozone and the inevitable failure of the Euro and debt defaults across Southern Europe.

What people seem to be voting for is the free market that we supposedly have. Where would we be, if we had bitten the bullet in 2007/2008 and not simply propped everything up? Aren't we going to have to suffer a global recession that is many, many times worse than it might have been if we'd allowed reckless companies and governments to fail earlier?

However, the politicians and the banks believe that they've been tasked with economic stability. Certainly, the Bank of England's brief is to try and maintain inflation in a certain range. It certainly runs contrary to our Keynesian understanding of economics, when central banks are actually used to prop everything up, to maintain the status quo.

Gordon Brown famously declared that we had seen the end of boom & bust, but haven't we simply made a farce of the idea that debts ever have to be repaid, and there isn't an endless supply of money?

Civilisations normally fall when the burden of debt is unmanageable, but creditors refuse to forgive debts.

The world needs to deleverage, to have a debt haircut, for debts to be forgiven. The system has failed. There's no moral hazard. Everything is too big to fail. There is no market economics anymore.

I think that what people want is either inflation, to inflate away their debts, or debt forgiveness, because they are over-burdened with huge mortgages, student loans etc. etc. People feel that they've been hurt in the pocket, and they really don't care about the stability of stock portfolios and the value of Sterling.

I see the Brexit decision as almost a vote to accept a devaluation, in the hope of stoking up domestic inflation. It's a vote to accept volatility and chaos in the financial markets, that we supposedly wanted to avoid during the Credit Crunch, but people were never asked if they were OK with a whole heap of bad banks going bankrupt.

Yes, people are probably naïve about how upset they'd be about their life savings being wiped out, and having to use a barrowload of pound notes to pay for a loaf of bread, but perhaps it's better than their lives of quiet desperation, while the rich get richer and the poor get poorer?

I'm incredibly impressed to see stability in the markets today, but I don't think that's what anybody wants. People are looking for a shake-up in the pecking order. People are rocking the boat, because they're unhappy, and they literally don't care about the global economic impact and systemic risk. Perhaps propping it all up, and forcing a very long period of austerity onto everybody wasn't such a smart move.

The next question is: how far are the wealthy prepared to go, in order to get their pound of flesh?

Tags: #politics #banking #capitalism #hsbc #politics #europe

This is a story about jobs for the boys...

Do you feel like you earn your salary? What is it that makes you think you're worth your wages? How do you value your contribution?

If you work a physical job, you're likely to feel pretty exhausted at the end of the day. Maybe your feet hurt, your back, your muscles. Perhaps you judge your working day based on how much energy you've expended. Perhaps your job involves standing up, walking around, even running around. Perhaps your job involves lifting, stacking, moving, shifting. Can your value therefore be considered a function of how many things you physically move? For example: boxes of stuff from the storeroom, products on shelves, patients from beds, or children from perilous situations.

Maybe you work an academic job, or something you have to be highly qualified for. Perhaps you judge your working day based on how hard you worked in the past. You maybe had to really concentrate at school and do all your homework. Perhaps you had to go to University and at least turn up for some of the lectures. You're probably pretty pleased with yourself that you beat the competition to those limited places, and got the necessary grades. Can your value be considered a function of how stressful your exams were, and how hard it was to write your disseration, your thesis?

Maybe you work a high pressure job, something you really have to concentrate on. Perhaps you have no time to judge your day, because you're just so busy that you don't have time to think about it. You maybe have to take sales calls all day long to meet your targets. You're always talking to people. Or maybe you have to watch a computer screen all day, like a stock-market trader or an air-traffic controller. Can your value be considered a function of your ability to concentrate, and keep busy with the task in hand for the whole working day?

Maybe you work a caring job, or something that delivers service directly to people. Perhaps you judge your working day based on how many people you deliver satisfactory outcomes for. Perhaps you have had to work on a caring bedside manner. Perhaps you have had to develop diplomatic skills for dealing with people. Can your value be considered to be a function of how many smiles you get each day, how many thank yous?

Maybe you work a repetitive job, or something that requires very little problem solving. Perhaps you have plenty of time to think and it's quite clear what needs to be done, but there are only a limited number of hours in the day. Perhaps you enter data in spreadsheets. Perhaps you type the answers that are written down on forms. Perhaps you work on a factory production line. Perhaps you deliver widgets. Can your value be considered a function of how many of these repetitive functions you can perform in a fixed period of time? Do you take pride in the tiny efficiency gains you can make in a job that has been easily mastered?

Maybe your job is to educate, inform, inspire, entertain. Your job is to titillate the attentions of other people. Your job is to spoon feed culture to the masses. Perhaps you had wide-eyed ambitions about bringing song and dance to the people. Perhaps you thought you were going to be a war journalist. Perhaps you thought you were going to set the minds of young people alight. Can your value be considered a function of your reach, your influence? Do you know how many followers you have? How many viewers? How many readers? How many listeners?

But what happens when your purpose is cloudy, unclear? What happens when you can't see what difference you're making, either to other people or to yourself?

Why do you do what you do? Is it possible to work a job, just because it puts food on the table and shoes on the children? Is it possible to work a job just because?

Everybody needs to work, right? But what if your job is makework? What if your job is made up, just to justify the salary of your manager, who has to have a certain headcount in order to get their promotion? What if your whole industry can't justify its existence? What if everything that your company does, and companies like it, is completely superfluous to human existence?

What do we need? Food, water, shelter, warmth, social bonds. Where does insurance fit in that world? Where does a law firm fit? Where does a bank fit? Where do technology companies fit?

If you woke up tomorrow, and your company didn't exist, and neither did any of its competitors, would the human race keel over and die? If you work for an agricultural business, then quite possibly. We need grains, we need vegetables. If you work for an accountancy firm, I think we'll all be just fine.

I've got nothing against the people who work in the service sector per se but should we value those industries more than, say, fishing, farming, building & caring?

Do you think I give a shit about the protection of intellectual property rights of a wealthy corporation? Do you think that I respect the instruments of capitalism as an efficient means to do more with less?

Fundamentally, how many people are living miserably? We might point to increases in life expectancy as an indicator of progress, but what if those lives are filled with stress, anxiety, depression? What if those lives are miserable and isolated, unfulfilled, unhappy?

Official statistics say that more than 1 in 4 of us are battling mental health problems. In truth, the real number must be much higher, because there are so many people who have undiagnosed problems. We know from suicide rates and prescriptions of psychiatric medications - such as antidepressants and anti-anxiety drugs - that problems are growing at an alarming rate.

There's a direct correlation between my lack of job satisfaction, and my poor mental health. When I've been happy in my job, I've been overworked. When I've stopped to think about what I've been doing, I've realised that I've been building systems that perpetuate human misery.

It's said that for every 1% that unemployment increases, over 40,000 people will commit suicide. I built a system for JPMorgan that processed the equivalent of $163,000 for every man, woman and child on the planet, in Credit Default Swaps. You think that money is better off locked up in the banking system rather than being in people's pockets?

If I'm building banking systems that process $37 million a second, why the hell are people living in poverty? Why the hell has the National Health Service got to be left underfunded? Why the hell is science underfunded? Why the hell have I got to work a crappy job that I hate, in order to make thousands of people redundant?

Rational self-interest, and the philosophy of Ayn Rand has led us down a very dark path. It's actually in our rational self-interest to smash the systems that take us on a race to the bottom.

Perhaps it's time to throw our clogs into the loom?

You think that you want an A-list celebrity life, with all the trimmings and bling. However, collectively wanting this is leading us all down a path that makes humanity miserable, depressed, stressed, anxious, lonely and isolated.

Tags: #depression #mentalhealth #suicide #career #banking #capitalism

This is a story about being a contrarian...

I remember sitting down with a mortgage broker in 2007, and he said "just focus on the teaser rate, don't worry about the interest rate after the initial 2 year discount. When your 2 years is up, we'll get you another great deal!". I said to this guy "you do realise I work with Credit Default Swaps, don't you?". Naturally, I ignored his advice and went for a deal that I could afford if there was a credit crunch.

I didn't even want to buy a house anyway. I wanted to put all my money into gold, in 2005/6, and I had opened an account at a bullion vault and bought a small amount... at $550 a troy ounce. The dollar was also really weak so it was a cheap buy.

I thought the housing market looked massively dodgy and the amount of money I saw flying around at JPMorgan, in the credit markets, was ridiculous. Clearly, the bubble was about to burst and a store of wealth in a scarce commodity looked like the best bet. There were plenty of dumbasses around though.

In Cambridge in 2011, I read the original paper on Bitcoin. I thought it looked a damnsight more interesting than my startup. By the end of that year, I had started buying Bitcoins. I bought hundreds.

By the spring of 2012, I wanted to pump all of my wealth into Bitcoin. I was buying Bitcoins at $5 a pop. I was certain that there were big capital gains to be made in the emerging Cryptocurrency. Again, dumbassses didn't see the potential, but even I frittered away those first Bitcoins that I bought, rather than keeping them as an investment. Unless I was going to make a sizeable bet I wasn't interested.

Come the summer of 2013 I was running out of money. My solution: invest in Bitcoin miners and buy bitcoins at $100. I borrowed every penny I could lay my hands on and sank it all into Bitcoin. I offered to cut friends and family in on the potential rewards. Two friends let me manage an investment for them. My family wouldn't give me a cent, even to help me keep a roof over my head.

An idiot - my father - called me "lucky" when I sold my Bitcoins for well over 1,000% return, later that year. I sold my bitcoin miners for a profit. I made money for my friends.

At some point, you've been "lucky" so many times that it's statistically improbable that it's luck, and in actual fact, all the analysis and reading, and time spent thinking about the macroeconomic environment, somehow seems to beat "luck".

If I'd taken the advice of the idiots, I'd be working in a factory in the provinces for minimum wage, or I'd be dead, although the two things sounds pretty much the same to me. Is it "luck" that means I'm not? Well, I'm not arrogant enough to believe that it was smart choices or hard work that mean I am where I am. I know that I'm "lucky" to be alive, to have functioning kidneys, to have enough brain cells left to not be left as a vegetable.

How do you unpick luck from your story?

There's a snobbery that's coming across, and perhaps you even think I imagine myself as some kind of smarty pants. Well, it's pretty clear from this tale that I've taken some pretty dumb risks and done some staggeringly dumb stuff, lately.

I like to think of it as some kind of karma. If your family treat you like a worthless piece of shit and a know-nothing waste of space, then why shouldn't the wider world be a little kinder to you, and gift you the occasional lucky break when you really need one?

These are my fundamental rules for life:

• Be nice to your kids
• Invest in scarce commodities

That is all.

Tags: #banking #capitalism #parents #family

This is a story about conspiracy theories...

Can a homeless person with a drug abuse problem get off the streets and make a better life for themself, or are they a lost cause? Are we right to discriminate? Are we right to only let the 'right sort' of people get ahead in life?

What would happen if we were entirely honest in our job applications? What would happen if we put our darkest secrets onto our CVs and were completely transparent about the chaos and turmoil in our private lives? Would employers be understanding? Would we find our opportunities to work, to earn money, and to restore our self esteem, were abruptly curtailed?

I was speaking to a film-maker friend about the high rates of burnout & alcoholism in the banking community. It was hard for me to be overtly critical, because my experience is that once you're 'in the club' banking does tend to look after its people.

Drinking culture used to be ubiquitous in banking. Having a hangover in the morning, being tipsy in the afternoon, getting absolutely smashed out of your mind with your boss... these things were quite normal, and indeed encouraged. Everything and anything would be celebrated with copious amounts of alcohol, and virtually all sins were forgiven.

My first proper job in the City was with HSBC, and while I was there, a colleague was so drunk that he collapsed in the revolving doors and passed out, blocking the entrance. While the story was well known to everybody, this colleague suffered no disciplinary action. The tale simply entered folklore, and would be recounted to tease our colleague.

I was once running a team for JPMorgan, and I was so often drunk myself that I was unable to smell the vodka on the breath of my team member who sat opposite me. It was well known that he was an alcoholic, which is a bit like giving out speeding tickets at a Formula One race. He did eventually lose his job, but it took many years before he had spiralled downwards enough to have become completely ineffectual at his job. There were many, many second chances.

I myself, benefitted from having most understanding employers, in the banks. I have been rescued from fairly dire situations, not once, not twice, but three times now by these generous institutions. It should be a case of 3 strikes and you're out, perhaps. Besides, I have been biting the hand that feeds me.

I'm conflicted over the banks. I had felt like they were acting with immorality, kind of like a big conspiracy. However, on reflection, I think they just employ the best people they can get, and because they pay well they get great people who are very efficient at making money. There's no conspiracy: people are simply incentivised to help their employers profit, and the companies do better if they help their employees to prosper.

The banks have helped me, despite mental health problems, homelessness and drug abuse. Without them, I would be dead and buried or swigging methylated spirits on a park bench.

Obviously, my former employers don't know how charitable they have been. What would be their reaction if they did know?

Tags: #homeless #alcohol #addiction #drugs #banking #career #london

This is a story about brain damage...

Look at me, eating brains for breakfast. Actually, it's obviously porridge, but I've clearly lost the plot. I'm a few sandwiches short of a picnic. I'm a few cards short of a deck. I'm not the sharpest knife in the drawer, at the moment.

I've been job hunting again this week, after a lengthy hiatus, and it's remarkable how badly affected by stress I have been. In the grand scheme of things, 4 or 5 months out of action is really nothing at all, but having to jump through the recruitment hoops is my idea of hell.

It was only a little over a month ago that I was completely bat shit insane and life was headed down the tubes, so I guess it's natural that this first week back in the swing of things should come with some trepidation.

I wonder how I will answer that question, in an interview: "what have you been doing with yourself since Christmas?". I wonder how well it would go down if I told them I had mainly been locked in my en-suite bathroom, suffering extreme paranoid psychosis, out of my head on bath salts, or in a slurring semi-comatose state induced by legal benzodiazepines, that meant that it took me 15 minutes to explain to a friend that I was eating a slice of toast. Another friend thought I had suffered a stroke.

Oh, I'm making my family very proud, eh? But what can you do? There was really very little hope for me after my brief efforts to keep the wheels of the machine turning, ended up being blocked by the holiday season. Faced with a cashflow crisis and the slow January job market, I backslid, I relapsed, I self-sabotaged.

How much damage does it do, to get so messed up for 3 months? I mean seriously messed up. At one point I believed that window cleaners were spying on me at 11pm at night, on a bank holiday, with horrible winter weather lashing the building.

You only have to look back to some of my blog posts from around that period to see that the whole bath salts & pink/blue pills from the internet combo wasn't the greatest thing for my mental health. You can see the disjointed thinking, but yet my mind had failed to stop whirring away, so instead the complete garbage running around in the hamster wheel of my brain was just spewing forth onto the pages of this website.

In a way, I'm tempted to go back and edit what I wrote, or even erase it from history. However, it's an interesting record of everything that happened to me, in 8 months and counting. Here's a brief recap:

• I was living in a hotel
• I was working a contract for HSBC
• I was really enjoying my work
• I was well liked and respected at HSBC, and a valued member of the team
• I wasn't drinking any caffeinated drinks
• I wasn't taking any drugs (i.e. bath salts) and hadn't taken any since June
• I decided to quit alcohol for 100 days
• I got a flat, and said my friend John could live with me rent free if he did some work for me
• After 30 days without any alcohol, I became suicidal, unable to cope with extreme stress
• I went into a secure psychiatric unit of a hospital, voluntarily, for my own safety, for a week
• My friend Klaus and me did a Man on a Mission scouting mission to Devon/Cornwall
• I then went to San Francisco and caught up with one of my oldest schoolfriends and some of my startup friends
• I then threatened to whistleblow on HSBC because their Customer Due Diligence project was being completely mismanaged
• Naturally, HSBC then terminated my contract
• I then travelled round London, doing my #notanonymous thing
• I went on a load of political demonstrations
• I started doing my advent calendar, leading up to the deliberatly ironically named Cold Turkey on Boxing Day
• I sliced both forearms open with a razor blade, along the length of multiple veins
• I did 101 days without alcohol, then relapsed heavily onto bath salts and benzos (sleeping pills) and pretty much destroyed my bed and generally made a right mess of myself and my bedroom/en-suite
• I got better (or did I?)

Perhaps I should put this website on my CV and link to it from LinkedIn. I've obviously given a great deal of consideration to who is likely to read this. I expect that at some point, some people from JPMorgan, HSBC and my startup days have read things that must be quite eye opening for them.

I remember on the first Friday at my most recent contract at HSBC, a couple of the guys took me out for a beer and the conversation was steered onto the topic of drugs. I had my game head on, so I didn't go into exquisite detail about my colourful past, but I did later fall asleep at the bar and get told by security staff that I couldn't take a nap on my stool. I wasn't on any drugs at the time, but my alcohol tolerance was quite low.

It should be remembered that I wasn't abusing drugs for that whole time I was working at HSBC, and I was actually sober for the whole of October, as the first 31 days of my 101 day sober challenge to myself, which I achieved.

Well, that's not strictly true. After a week at HSBC, I realised that my cashflow was completely screwed and living in a hostel whilst working on the number one project was not going to work, but I didn't have any money. I mean no money at all. I wasn't going to be able to travel to work, eat, or even afford to pay for my hostel bed anymore.

What a ridiculous situation. I was earning many many times more than the average wage, but yet my cashflow was in bits. I was employed doing some very very important work, but I couldn't afford to get the tube to work or buy a sandwich. The money was there, but it was trapped in the system: waiting for my invoices to be paid.

Can you imagine that? You were living in the park, then you were living in a hostel bed, you start work with your one suit and your one pair of shoes, and you don't have any money, but you're working on the number one project for the biggest bank in Europe, and the CIO names you in front of the entire team, at the townhall meeting, as the guy responsible for a certain important piece of work... but you haven't got two pennies to rub together.

So, I ask you, where do you think some of my 'madness' comes from? Is it all due to genetics, to a disease... or do you think some of it comes from the extreme stress and pressure, and the lack of a proper safety net? How hard do you think it is, to fall between the cracks, and try to rescue yourself from destitution? How much of a toll does it take on your body and mind to have to fight your way back from the brink of death and dereliction?

I pretty much slept at the office, because there was nothing for me to go home to

Tags: #career #banking #bipolar #addiction #depression #suicide #homeless

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 rehab...

What's the difference between detox, rehab and inpatient treatment for mental health disorders? Very little actually. Here's my little exposé into being a patient of the UK's most notorious private drug and alcohol abuse treatment provider.

As far as my medical records show, I was admitted to The Priory for treatment for Type II Bipolar Disorder, during an episode of acute illness. My private health insurance picked up the bill and JPMorgan gave me the time and the space to get better. They're a great employer actually.

I had found a local private psychiatrist, as I was running out of ideas for how to deal with my Dual Diagnosis (Bipolar & substance abuse) and I knew that the stats weren't good. Not many people recover from such a death sentence of a diagnosis.

I was very lucky to find the psychiatrist that I did. I had been trying to get in contact with a number of specialists directly, but things were very slow going during the Xmas/New Year period, when a lot of people suffer a big decline due to the bad weather and family pressure to put a jolly face on everything during the holiday season.

I contacted a general psychiatrist at the local private hospital, and he turned out to be one of the nicest, kindest people I could ever have hoped to meet. It was pure relief to meet somebody nonjudgemental who would hear my story without leaping to immediate conclusions. The first time I met him, he simply said "we can only play the cards we are dealt" which had me in floods of tears, as it was the first time that anybody had ever said something so kind to me.

I had been taking quite a kicking from my supposed loved ones - but I'm not going to go into that anymore - and been made to feel very guilty and a total failure for having gotten sick. It should be noted that I became clinically depressed and suicidal before any substance abuse entered the picture. Bipolar symptoms had always been present in my life, but it took a further 2 years to get diagnosed. Then, finally, substance abuse reared its ugly head and became the most pressing issue.

From my point of view, I had struggled for years and years with recurrent suicidal ideation, suicide plans. I have struggled all my life with mood instability. To be simply dumped in a bucket labelled 'lost cause addict' was a bit s**t to be honest, after 30 odd years of reliable good service, despite fairly debilitating mental health problems.

Perhaps I'm complaining too much, making too much of a big thing of my struggles? Yes, yes, yes, there are people who've had it so much harder than me, blah, blah, blah. Ok, unless you've sliced your forearms multiple times, lengthways along your veins, with a razor blade, do me a favour and shut up? Some of my friends are wonderfully supportive and have gone out of their way to learn about mental health problems. Perhaps you could follow their example?

So you think this is attention seeking? Save it for the funeral.

It's true that it's taking me a while to work up the bravery to take the Final Exit. Ending your life is a big deal, and you've got to do it right, otherwise you're just going to end up in hospital in pain.

I've had cans of inert gas to suffocate myself, 2 grams of Potassium Cyanide, enough barbiturates to slip into a coma and drown in my hot tub while unconscious, travelled to the top of tall buildings, cliffs and peered over the edge of high bridges. The most serious attempt I made was trying to open my veins with a razor blade. I must admit though, I was just testing the water. You want to make sure that you open some major veins, like the jugular, if you want to die quickly.

Stupidly, I still have hope and some faith in myself. I should write myself off for dead, like those-who-shall-not-be-named have done.

So it came to pass that I went into The Priory, with a referral to one of the country's leading experts on Bipolar Disorder and Dual Diagnosis. JPMorgan were told that I was experiencing mental health problems (true) but the main objective was for me to detox for 28 days, so that there was a clearer clinical picture, and the treatment of my Bipolar and depression could begin.

That makes me an addict right? Don't need to read the rest of the story. Skip to the end. Case closed.

Well, actually, The Priory and my psychiatrists were concerned with my mental health, and saving my life, not just labelling me as an addict and sticking me into the revolving doors of mistreatment and stigma that those suffering individuals endure. The Priory is actually a private hospital, and cares primarily for those suffering with various mental health disorders that are less controversial and stigmatised than substance abuse. There were ten times as many patients who were there because of depression, anxiety, schizophrenia, borderline personality disorder, eating disorders etc. etc.

It's actually all part and parcel of the same group of problems. One fellow patient had been admitted with mental health issues, but out of some drive to self-destruct, she started filling up a mug with alcohol-based hand sanitising gel and flavouring it with orange squash, and drinking it to get drunk.

One of my fellow patients tried to commit suicide by climbing a high wall and hurling herself off, while I was there. Does it matter if she was being treated for depression, or for substance abuse? The fact of the matter is that she was suicidal at that moment. Mental illness of some kind had driven her to try and take her own life.

There was a game we used to play, when a car used to roll up to the house, and out would step the worried looking family members, dragging some dishevelled son, daughter or partner out of the back seat and into a meeting about admission. We used to try and guess what they would be admitted for. Sometimes it was obvious - if they had red wine all spilt down their clothes for example - but often it was nearly impossible.

But what's it actually like, in private hospital? Are there rock stars and stuff? Well, my doctors had treated a number of high-profile sportsmen and women, but when I was there, there weren't any rock stars. Couple of millionaires but no rock stars.

Really, it's much like an NHS mental hospital, except a little more well appointed. Everything is bolted down and the windows don't open and the doors don't lock. The lights don't dangle down and there are no curtains. Mirror glass is made of plastic, and pictures are screwed to the wall, not hung. Yes, there is quite a lot of anti-hanging thought that has gone into things.

When you arrive, you will hand over your razor, scissors, tweezers, solvent containing toiletries, shoelaces, belt etc. to the nurses to keep at their station. If you want to have a shave you'll have to ask for permission, and you'll only get a short amount of time to attack your face with something sharp.

Plus, it's still a hospital, and people are very sick. One woman said to me "it's OK, your secret is safe with me" and tapped her nose with a knowing wink. It later emerged that she thought I was a royal prince, and that my presence in hospital was a state secret. She also came into my room and stole all my underwear and my books, before the nurses tracked down her hiding place.

The rooms are actually as good as any 3-star hotel, with a writing desk, nice view of the gardens, an OK single bed and an ensuite with no shower curtain or plug (drowning is frowned upon). Once you're off suicide watch, you might get to move to one of the double bedrooms that are further away from the nurse's station.

Other than the slight refinement of having a TV and a telephone in your bedroom, there is little different from NHS mental health treatment. The food was very good, I have to say, but your days are generally structured around morning and afternoon trips to the dispensary hatch for your medications, and being regularly checked on by nurses if you're not in some group activity.

Between art therapy, yoga, mindfulness, music therapy, table tennis, TV, movie night and generally socialising with the other patients, it all sounds like a thoroughly lovely spa break. There was a gym and quite big grounds that one could roam in, provided you told the nurses where you were going and how long you'd be gone for. Leaving the compound within my 28 days was forbidden.

Your partner can come and visit you, and you can give a knowing wink at the nurses station before you have sex, so that nobody barges in on you unannounced. Just don't take too long. Visiting is only on a Sunday, so you'll probably have a sack like Santa anyway. You have to hand over your mobile phone and laptop, and digitally detox, so pornography is hard to come by. Probably because sex addiction is also treated at the hospital.

We should remember that although people talk about 'rehab' we need to be quite clear about the treatment route of substance abuse. There is first a detox. It's necessary to break the body's dependence on substances, and treat the withdrawal. If you are an alcohol or a benzodiazepine abuser, there's a good chance that withdrawal could kill you, so the hospital will put you on tapered medication to get you off those substances. If you are an opiate abuser, you will get very sick from withdrawal symptoms, and these can be attenuated with substitute prescribing or by putting the patient into induced sleep. If you are a stimulant abuser, you will suffer cognitive impairment, exhaustion and suicidal depression.

After detox, which could take the whole 28 days, then comes rehabilitation. Depending on how dysfunctional a person has been, they could need 3 to 6 months of rebuilding their damaged life in a safe environment. Just breaking the cycle of chemical dependency is not enough. There's a reason why a person entered that cycle in the first place. There's a reason why that person stayed in that cycle.

We know that gambling addicts don't inject packs of cards into their veins, so addiction can't just be about chemical substances, can it?

So it was, as my time at The Priory drew to a close, the staff gave me the bad news that my treatment was incomplete. I would need another 3 months of rehab if I wanted to make the changes permanent. I flipped out. I discharged myself, went home for a day. Then I spoke to one of the staff on the phone and decided to go back for the remaining few days of treatment. She-who-shall-not-be-named decided that I had "failed" in my commitment to getting better. That's simply a lack of understanding about the commitment that is needed to support somebody in recovery.

Recovery is not about abstinence, it's about having people who love you trying to support you. Support does not mean hectoring, bullying, nitpicking and generally being obnoxious to a person. Your holier-than-thou drinking and smoking and generally behaving like it's OK to do whatever you want and laughing in the face of the abstainer is not helpful, OK?

Abstinence doesn't even work anyway. It's just a continual reminder of what people want to believe: that you're somehow a bad person, that you're faulty, defective. People want to treat you differently, want to label you. Teetotallers are ridiculed, treated with contempt. Why bother being teetotal?

Certainly, not being a smoker was a problem in hospital. There would be long periods where I was left all on my own, because everybody was outside smoking. There is no real abstinence in the world. I found the nurse's stash of caffeinated coffee in one of the more remote kitchens, and in some hospitals you are even allowed to have caffeinated drinks. 'Addicts' are encouraged to not give up smoking and tea/coffee, because they will need those things as a crutch, during those early days of abstinence.

If you look a little more closely at human behaviour, you will see that people are self medicating in one way or another. You'll see the hypocrites, dosing themselves up with stimulants in the form of caffeine. You'll hear the hypocrites, being hypocritical about addiction inbetween puffs on their cigarette. You'll suffer the hypocrites, swallowing their pills and liquids they have as government sanctioned, medically approved substitute addictions.

I could go to my doctor and get a prescription - called a script in addict parlance - for something to salve my addiction and turn it into something seemingly acceptable in society. It's OK if my pills come in boxes from the pharmacy, with my name printed on them and with a prescription from my GP or psychiatrist?

If I had to go to work at the moment I would probably need some Dexamphetamine, or at least a gallon of super strong black coffee. Because I've used so many stimulants, I can drink heaps of coffee without having the anxiety, palpitations and sweats that you would get, but it's a poor substitute for genuine amphetamines, even if the caffeine molecule is virtually identical.

There's no magic in treatment. There's no magic to recovery. It's just time & space and being treated nicely by people, being respected as a human being.

It's important to respect people.

Just respect people.

Tags: #addiction #alcohol #drugs #suicide #mentalhealth #nhs #bipolar #depression

This is a story about unusual techniques to stay alive...

I once filled up a law firm's email server with pictures of myself. I was quite concerned that I was dying and wanted to get the attention of the family friend who was mediating on a matter that was very stressful - an acrimonious divorce was threatening my life & livelihood. Still, very strange behaviour.

When I was getting completely nonsensical replies via email from somebody, I started CC'ing more and more people, so they could see that none of my questions were being answered and an ulterior motive was being pursued by this other person.

Obviously, letting people know when I was in hospital was a bit 'attention seeking' apparently, but messages of support were gratefully received. I know I still have to reply to quite a few people who were kind enough to reach out, but you can believe me when I say your messages did really make a difference.

There was a guy in London who was going to kill himself, but he decided that if, as he walked along, one person looked him in the eye and smiled at him then he wouldn't go through with it. The urban solitude of London had made him feel invisible, uncared for, alone. Thankfully, somebody did look him in the eye and smile. Human connection is important. Somebody saved that man's life with the simplest of gestures that cost nothing.

Urban solitude is a problem for many new arrivals in the capital. People have their headphones plugged in, reading a book, or their kindle, watching a movie on their tablet or perhaps just idly playing with their phone. Especially in the morning rush-hour, nobody is talking or in any way acknowledging that you're all crammed together like sardines in a stuffy tube carriage, on the way to that job that you all hate, from some far-flung flat that you can barely afford.

Anybody who shops in a town centre is probably expert at avoiding the people with clipboards who "just need a moment of your time" to fill in some survey or sign up to direct debit some regular donation to a particular charity. We have become experts in walking right through people giving out leaflets, who aggressively thrust them into areas of our body near our hands, but yet we avoid actually taking a damn leaflet. We can walk right past the beggar and the Big Issue seller without even acknowledging their existence. 1,000-yard stare, off into the distance, and pretend like you didn't even hear them, didn't even see them.

I was thinking today about the improvements that Frank made to his story he told me, in order to seem like a more worthy cause. He shaved 4 years off his age, and showed me his forearms and asked me to inspect for the track marks of an injecting drugs user. It makes me feel bad that I've told my own story of homelessness, if people are going to dismiss it because of my drug use that I'm being completely honest and open about.

When you meet homeless people, they are often very keen for you to know that drugs and alcohol play no part in their homelessness. To be honest, I was very surprised, when I sat down to have a chat with a homeless person, Matt, underneath the bridge outside Chiswick underground station. Matt was extremely articulate and erudite, and I owe him a big debt of thanks for some of the nuggets of information that were later to serve me well on my own journey through homelessness. I have to admit that although I believed him, I was extremely shocked when he told me he had no drug or alcohol abuse in his past. He was simply p**sed off with the system.

If it looks like I'm dropping all this stuff about getting to know the homeless, and trying to help Frank, into this narrative in order to big myself up as some kind of philanthropist, you're wrong. Actually, I found it fascinating, informative, later useful and certainly helping Frank helped me to avoid dealing with my own life at the time, and feel better about myself. There was no alturism there. It was escapism.

Every fun-run that you go on. Every sponsored walk or abseil, or parachute jump or whatever it is... you probably did it because you wanted to do the activity, to feel part of the event, to feel like you made a difference. Sadly, you didn't, except to your own sense of wellbeing and achievement. Yes, we salve our middle-class guilt by making paltry charity donations and taking part in fundraising. Charity doesn't work. It's failed.

We are arriving now at a situation where we are in the middle of a refugee crisis, a housing crisis, a benefits crisis, a pension crisis, an economic crisis, a mental health epidemic. Cancer, AIDS, Multiple Sclerosis and a heap of other diseases are still rife. Poverty has not been made history by any rock concerts.

I'm absolutely not discouraging you from getting involved with philanthropic work, and if you're a volunteer or you're doing your bit to directly help in the lives of others then I applaud you... not that you want or deserve such condescension. Sorry about that.

Everything's just so damn broken. Life's really not working well for the vast majority of people on Planet Earth.

If you're not part of the solution, you're part of the problem, and I feel very guilty indeed.

Here I am being driven to work through a massive slum in Mumbai from my 7 star hotel. I'm off to help JPMorgan process $1.16qn of Credit Default Swaps, with a team of underpaid Indians who travel for hours on dangerous and overcrowded busses and trains to get to the office. Do you think I was helping this nation of 1.1 billion souls?

I was there in the middle of Ganesh Chaturthi and the monsoon rains. The streets were crammed with trailers with idols and flowers being towed to the sea, with dancing neighbourhood groups beating drums and dancing in the road behind them. The roads are pretty much gridlock anyway, without some gawping tourist of an investment banker sitting in the middle of the chaos with his private driver.

We can feel very special being driven around in the developing world, and living like a king relatively speaking. Many people fall for it. Many people fall for the trick and start believing they actually are special and they deserve their place in the world. That, for me, is where a person can cross the line and stray into narcissism and a sense of entitlement.

Several friends have told me virtually the same story, about thinking they were a hit with the ladies in South Asia or South America, and having 'pulled' a local girlfriend, they were surprised when later asked for cash. Just because you're not obviously in a whorehouse, doesn't mean that you're not participating in prostitution. Just because you're not obviously on a cotton plantation, doesn't mean you're not participating in slavery.

Economic slavery means using your hard currency (Dollar, Sterling, Euro, Yen etc.) in order to buy labour (and all labour's fruits) far more cheaply than you would be able to in a country with a hard currency. You can't get pedalled across a European city in a bicycle rickshaw for less than $1. In London it's £10/minute to be ferried around in this manner, and you can be stung with a £200 bill for a journey that would take 3 minutes by bus.

So, I'm able to sit about on my arse writing the equivalent of two novels all about myself on a blog, peppered with photographs of me. This can only happen at the expense of everybody who grew my food, stitched my clothes and manufactured the expensive laptop on which I type these very words. You could say I'm the ultimate narcissist and profiteer from the hard labour of others.

However, modern life can make you very sick. My friend Klaus often says "it is no measure of health to be well adjusted to a sick society". I think he's right. Just because we are dry and warm and well fed and comfortable here in the UK, doesn't mean that our island is now 'full' and we should 'look after our own'.

We are beginning to pay the price for Imperial aggression and an unwillingness to share. That we don't even redistribute enough wealth to end homelessness and poverty within our own borders, shows just how far we have taken small-minded 'look after number one' attitudes. The tabloid reader's belief that immigrants are not an integral part of our society, is ironic when a great many of Britain's working class are clustered together on sink-hole estates that they can never escape. Nobody from higher social strata would ever have cause to venture into the isolated community of poor white Brits.

Do I think I'm better than those people? Am I above living in a council flat, claiming JSA and integrating with the [not] working class? Actually, I feel rather angry that these people have been manipulated by the media into scapegoating the wrong group of people. It's the moneyed political elite who are the reason for economic inactivity and stressful hand-to-mouth existance of the ordinary British public, not the immigrants and refugees.

Yes, I'm privileged. Yes, I still have some shred of self-esteem. Yes, I'm somewhat conceited in writing so much about myself and plastering photos of me all over it. But am I unaware of my actions? Am I unable to perceive the self-absorption of it all? No.

The fact of the matter is that I just don't want to be trodden underfoot, so I'm yapping like a little dog. I don't want to end up dying young, with everybody wondering what happened and whether they could have helped at all, whether they could have intervened.

Suicide might be a sane response to an insane world, but I do appreciate that it's not a pleasant thing for other people to have to deal with, when you're gone. I've written before about compassion fatigue, and it must be hard when one of your friends or a family member becomes unwell with something so poorly understood as a mental disorder.

Drinking yourself to death, or slowly killing yourself with drugs... these things are clearly part of the spectrum of mental disorders. Substance abuse is just part of a complex picture of declining mental heath that is tightly bound up with prejudice and urban myths.

I had to quit drinking for 101 days, and all drugs and substances for 6 months, in order to be taken seriously. I suffered for my art and my cause: to draw attention to the plight of ordinary human beings who are suffering, not because they are corrupt and immoral, but because our very society is sick, and we are turning our back on our own friends and relatives, because of stupid media bulls**t.

Things have to be pretty bad in somebody's life for them to take a risk with a deadly substance. Things have to be really bad in somebody's life for them to be driven into the arms of a chemical dependency, in preference for choosing life.

Why did I choose not to choose life? Why did I choose something else?

Tags: #drugs #addiction #homeless #frank #career #divorce #politics

This is a story about running out of ideas...

That's a light box. It's supposed to be a way of treating Seasonal Affective Disorder (SAD). It's the final thing I thought I could try, as a natural remedy for depression. The regimen that I have followed for 6 months is:

• Varied diet, including plenty of fruit & veg
• Sleep hygiene: strict bedtime and getting up after 7 or 8 hours, even on weekends
• No caffeine
• No alcohol (actually only 3 months)
• No medication
• No drugs
• No legal highs
• Amino acids
• Vitamins
• Minerals
• Exercise
• Making new friends
• Trying to have a stable place to live
• Trying to have a job
• Reconnecting with old friends
• Getting some professional help (only had a whole week in hospital)
• Being disciplined and self controlled
• Wearing blue-light filtering glasses after 4pm (for the last few months)
• Using the light box for at least an hour every morning (for the last month)

Guess what happened? My mood was able to react to things, and I reacted to my mood. There was no stability. In fact there was no coping mechanism. Everything I used to do to regulate my mood was removed, so I did other things that were detrimental to my overall wellbeing.

Being hung over or drunk at work is quite good if you hate your job and think that the management are idiots. Because I was sober, I told the HSBC management team that their project didn't stand a chance in hell of being delivered, because it was being run by people who are terrible at Agile Project Management, and seem to be completely lacking any relevant software development experience. I said I didn't want to be any part of it unless some big changes were made. I said I wasn't comfortable doing the wrong thing.

Being hopped up on coffee is good if you want to rescue a project. I recoded Barclays entire Corporate Pingit system, in 30 hours, with no sleep. I kept the existing public API, but everything else was thrown away. Instead of spaghetti code, full of copy & paste, and buggy as hell, poor error handling, poor logging - unsupportable - I just rewrote nice clean code. Lots of coffee, 30 hour hackathon, all the bugs solved, code reduced by 80%, production grade error handling and logging. The team leader felt important because the old system barely worked, so he spent a lot of time understanding the spaghetti. There wasn't really anything for either me or him to do after I wrote a decent system. My boss was happy, the team leader wasn't, I got my contract terminated, Barclays customers were happy, I was happy that I'd delivered the software that meant I no longer had any work to do.

Corporate software is boring. The projects I'm asked to do are child's play. 48 million customer's metadata? That's only 48 terabytes, if we store a megabyte per customer. A low res scan of their passport and maybe a utility bill, plus a few thousand characters for their name, address, phone number etc. etc. At JPMorgan we stored about 3 petabytes of document scans. That's about the same amount of data in the entire Library of Congress.

AI, games, simulation, data analysis, physics & cosmology modelling, codebreaking... those are the hard problems. I remember I wrote a program that calculated every single possible checkmate. Then I wrote a program that found all the moves that led to those positions. It ran out of memory before it got back to the early moves. Then I wrote a program that could take the position of the pieces on the board, and find the moves to checkmate, where there is no opportunity for your opponent to win. Most of the time the program couldn't find a path where the opponent had no chance. In theory, with enough processing power and storage space, chess could be solved by a program. However there are 10 to the power 80 (10 + 80 zeros) atoms in the universe, and there are 10 to the power 123 (10 + 123 zeros) moves in the chess game tree. We should probably concentrate on modelling the cosmos at subatomic scale before wasting our time on a silly game.

So, that's my quandary. I'm not very challenged or interested by anything in the corporate world, and my solution of just being drunk all the time can't have been doing my liver much good. However, without alcohol/benzodiazepines I think too much, and without caffeine/bupropion/stimulants, I can't get motivated to keep solving the same easy problems that don't even need solving.

In fact, when I think about it, I must have made a lot of people redundant. I've automated a lot of stuff that people used to be employed to do. I've made corporations very rich, by allowing them to lay off loads of their workforce, but increase their productivity and profitability. My main specialism is Straight Through Processing (STP). I know how to get $1.16qn processed with just a few programmers, database administrators, infrastructure engineers, network specialists and system administrators. You don't need project managers, because they just put the lies you tell them into a spreadsheet and tell everybody that everything is going really well. You don't need testers, because good programmers write good automation tests, and they don't write bugs. There's no difficult logic or calculations in a corporate system. I do get spooked out when my code works first time, but it's quicker to do it that way.

Human workflow and user experience. Here's a better use of your time and money. Fill out paper forms and then set fire to them. Nobody gives a shit about having to go through your life story just to become a customer or get a government service. If I want broadband, just send somebody to install it and set up a direct debit. If I want to rent a flat, I'm going to pay you 6 weeks deposit plus a month's rent in advance, plus letting agent fees. Just give me the keys as soon as I've put the money in your account. Don't even bother with the contract. Burn it. The contract is simple: I pay you rent, I live in the flat.

You send a person to read the electricity meter. They can take my card payment for whatever I owe when they are in my home. You send a person to read the gas meter. They can work out my bill and I'll pay it on the spot. You send armies of traffic wardens. They can spend less time hiding in bushes and more time knocking on doors taking card payments for the rubbish collection, street lighting, police, fire service, libraries, schools and other things that I quite like rather than hovering near cars whose meter payment is about to expire.

My bank sends me a letter saying that they've paid a bill for me, but I didn't have quite enough money, so they're going to charge me even more money. My bank's only function, so far as I can see, is to make my problems worse. Rather than ringing me up and saying "Hello, Mr. Grant. We can see your income has suddenly stopped. We're not going to charge you any interest until you start earning again, because otherwise we are going to stress you out and make you bankrupt, and then we won't get our money back". 

You see, everything trundles along fine when you play along with the game. Keep working doing that job you hate, at a company run by imbeciles, on a project that just needs 5 decent full stack developers to get on with what they do best, for 2 weeks, with no project managers who couldn't organise a piss up in a bar, and no 'architects' who just draw on whiteboards and produce documents that nobody reads, because they were rubbish at actually producing real working software.

The worst code I ever wrote was my first iPhone game. Games are awful as a single indie dev. You have to do all the graphics, sound effects, music, plus design the user interface, and then there's the game itself which has to run at at least 30 frames per second. The calculations are hard. Doing it in Objective-C was a nightmare. I've never know a language with such whacky syntax. I can probably write code in about 20 languages (BASIC, Pascal, Assembler, C, ADA, C++, Java, Javascript, C-shell, Korn-shell, Bash, Perl, PHP, C#, SQL, AWK, Batch, Google Apps Script, Logo, VBA, XSLT) and there's a bunch more I know enough of the syntax of to read and edit.

I can glance at some data and tell you if it's XML, JSON, Base-64, HEX, key-value pairs, fixed position, CSV. I can probably guess how the programmers of your favourite game store the high score table, and insert myself as the number one player with an unassailable score.

Yes, playing the games that everybody else does, competing... it seems a bit pointless when you know the game is rigged, and if I really wanted to, I could tweak my bank balance. Fraud is not hard, and banks make so much money they don't even go after the small fraudsters. It's easier to charge honest hard working people exorbitant rates of interest and fees rather than doing their actual legal & moral duty to Know Your Customer (KYC). I could buy a digital identity for about $100, open a bank account, get some loans, use the money to buy a real passport from a European country that's a bit more relaxed about staff members making identity documents in return for a cash bonus.

Once you're in Europe you can just keep heading east until you find a country where people don't read too many newspapers and watch too much TV. You can find somewhere you can afford to eat and sleep for a couple of years, while you wait out the storm. You can take some time out from the rat race, because you deserve it.

My iPhone app business was a hit, my first IT contracting company made loads of money, my electrician business was profitable, but the building trade is hard, my enterprise mobile apps business was too ahead of its time and never made much money, my Bitcoin trading and mining was hugely profitable, my second IT contracting company made loads of money. I don't really want to sell out and get another contract just yet. I've got some cool software ideas.  Instead of doing what I normally do and start with a profitable business model, I want to do something I'm passionate about.

I don't work at MIT or Stanford. I don't work at CERN or the UK Atomic Energy Authority, but I can tell you that the strong nuclear force is the energy that's released when a heavy element is split into two lighter elements. But what does "heavy" even mean when we haven't managed to get the Standard Model of Particle Physics to be unified with Special and General Relativity. Special Relativity tells us that energy and mass are two sides of the same coin, and General Relativity tells us how mass stretches the fabric of spacetime. Gravitational lensing has proven the theories predictions. The Standard Model had it's wartime and industrial applications. The transistor radio and faster computers. Every experiment discovers new weirdness though, rather than proving the model is complete. The particle zoo grows and grows, every time we smash protons together at higher and higher energies.

What does Quanta mean? It means "how much". A photon - a packet of light - comes in a specific frequency, which tells you how much energy it has. Let's imagine that a red photon is 2, green is 4 and blue is 6. We can also imagine that an X-ray might be 20 and a gamma ray 50. Do you notice that all the numbers are even? That's because you can't see anything odd numbered. A photon with the wrong energy won't interact with an atom that needs a higher energy to absorb it, and then emit a new photon. The only way you know anything exists is because of the photons that are emitted from atoms.

So we can only work with things we can see, and those things will only tell us about the photons that have the right energy. We can build a machine that measures microwaves, but what material should we use to listen to the frequencies that no known material interacts with. How would we even find elements that our eyes and our radios and our photographic chemicals can't detect?

Well, cosmologists reckon there's loads of it, whatever it is. They call it Dark Matter and Dark Energy. Nobody can see it, but they've done the math, and there just isn't enough visible matter to glue the galaxies together. Imagine if Dark Photons came in frequency 1, 3, 5, 7 etc. but our visible universe is governed by the Planck Constant, which means multiples of 2, in this  simplified example. If you can only see 2, 4, 6, 8, 10 etc. then you can't see the Dark Photons and the Dark Matter that can only be seen with the materials that we only hypothesise to exist.

General Relativity is normally right, and GR isn't fussy about the matter that it accelerates. It doesn't deal in packets of energy. GR doesn't do probabilities. Quantum Mechanics says that if we stop observing something it loses certainty and spreads out into a probability cloud. If you know the location of something, you can't know it's momentum. If you know something's momentum, you don't know where it's located. It's like saying that if everybody stops looking at the moon, it won't be where you predicted it to be when you look back. But GR doesn't care about that. GR has predicted the moon's orbit with incredible accuracy, and the moon always obeys the law of gravity.

If you ignore gravity in your subatomic world, you permit matter to behave unpredictably. If you ignore special relativity, you permit massive particles to fly around faster than the speed of light, in order to uphold the uncertainty principle.

If we think about the duality of light. Both a particle and a wave. We think of photons as massless, but they have energy and finite speed so General Relativity applies. The speed of light is too fast to get caught in orbit but light will bend around massive objects. Let's use the Pilot Wave Theory instead of all that Quantum weirdness. Imagine our photon being carried along by the gravitational waves that it's making. Gravity waves can travel as fast as they like and can even escape black holes. You can't detect them, because your ruler will stretch and compress as a wave passes. You can't take a timing of how long it takes for something to travel from A to B because time and space are different for different observers. Just by carrying my atomic clock to my fellow experimenter, to compare the time I measured and the time they measured, my clock will run slower because I'm moving in space. Time is not distance divided by speed.

Time measures how much slower you're moving than the speed of light. If you could travel at the speed of light, and tried to shine a torch forwards, no light would come out and your watch would be stopped. You wouldn't even be conscious, because you'd be frozen in time. If you slowed down to 99% of the speed of light and shone your torch, you'd see it beaming off just as fast as normal. That's because time is passing more slowly, so you don't notice that your light is moving at 1% of its normal speed. When you get back home, you'll probably find that everybody is dead, because time didn't slow down for them. Your clock is right, but so is theirs.

So what's going on at the subatomic scale then? Well, you can't really detect a single particle. When a photon hits the Charged Couple Device in your digital camera, it's absorbed. Enough photons have to be absorbed to trigger the discharge of a capacitor. Only the amplified signal is strong enough to be measured. The thing about amplification is that you get noise. You're trying to measure a signal, but a percentage of what you measure is noise. That's the signal to noise ratio. It gets worse. Because instruments are digital, they have limited precision. If you measure colour with 8 bits, you can only pick the closest of 256 colours. A CD can only store 16 bits of air pressure: 65,535 possible values. It does this 44,100 times a second. Pretty good, but only an approximation.

Because all digital equipment depends on an effect called Quantum Tunnelling, it's hard to know if the Quantum phenomena are being observed, or whether it's the instrument's noise that is being amplified. Early computers sent signals in parallel, but sometimes the data got 'skewed', with some bits arriving later than others. Now data is sent in serial, with very fast modulators and demodulators, but that means that a lot of buffering has to occur. If you imagine the time it takes for a detected signal to be amplified, that amplified value to be measured, the value stored in a buffer, a modulator to turn the value into electrical pulses, the time to travel down the wire, a demodulator to measure the pulses and store a value in another buffer, a memory controller to load that value into the computer processor's register, the processing instruction has to be loaded from the cache, and then the calculation is performed, the result is copied from the result register to memory, the I/O controller sends the result to the storage device.

Then, ages and ages and ages later, a scientist comes and looks at the values. According to Quantum Physics, every piece of measuring equipment, power source, data transmission cable, the computer and it's storage device, are all part of a quantum superposition, and the value is not determined until the scientist observes it, at which point the wavefunction collapses. Computers are great at doing calculations and for sharing research, but by their very nature as machines that exploit strange subatomic behaviour - semiconductors - they are also not very reliable when measuring the very properties of physics that they themself are built on.

It's useful to think of the Pilot Wave theory, because it explains observations like the double-slit experiment, in a nice deterministic way. Photons don't travel through both slits, but the wave does, and then the two waves interfere. Interference disappears as soon as you polarise the particle, because the peaks and troughs are no longer in phase. We really don't need to mess around with probability waves.

Yes I really hate probabilistic theories. Because subatomic things are smaller than the wavelength of light, we can only make statistical measurements. The size of the atomic nucleus was estimated by hammering a sheet of gold really thin and then firing electrons at it. Based on the number of electrons that bounced back and got detected, an estimate was made of how much empty space there is in an atom. However, you might know the weight of the gold, and the surface area, but you don't know how thick it is. It might be 5 atoms thick, it might be 50. Where did you get your measurement for the weight of a gold atom? How you know its density? How do you know how tightly packed the atoms are together?

At some point you're going to have to rely on some old science. The periodic table gives us the atomic weight, based on a presumed number of protons, neutrons and electrons. But what about the strong nuclear force that's holding the nucleus together? What about the energy of the electrons in the biggest orbits? Does a 1g diamond have as many atoms as 1g of Carbon dust? Prove it.

So we know that heavier elements are unstable, radioactive, and decay into lighter elements. We know what amount of what element, in a certain isotope, will give a self-sustaining fission reaction. We guess that fusion in stars creates all the elements up to iron, and all the elements after that we guess are created in supernovae. We haven't done much apart from a bunch of chemical reactions and some atom smashing yet though. We've done pretty well with electromagnetism and radio waves. Semiconductors and transistors are completely ubiquitous. It's all useless junk if the Van Allen belt blows away in a coronal mass ejection and we're all bombarded by cosmic rays and the radio waves are filled with static noise.

I can tell you something that's fairly easy to observe. Hotter air takes up more volume than colder air. Also, there's an altitude where Earth's gravity can no longer hang onto its Nitrogen, Oxygen, CO2 and noble gasses. Also, if you suck up dense polycarbons from deep underground, where they have been heavily compressed, and then set fire to them, the result is less Oxygen, more heat, and the expansion of liquid into a big volume of gas that's heavy, so it lies close to the ground, while the useful Oxygen is pushed into the upper atmosphere, where it thins out and drifts off into space.

If you have more CO2, you should plant more trees. However, we're doing the opposite. Deserts are spreading, rainforest is being cut down and fire sweeps through vegetation in California, Australia and Borneo.

So many people work in banking, insurance, accountancy, financial services, paper pushing jobs of such woeful uselessness that probably the bulk of humanity's job description is: sit at desk in front of computer, wear telephone headset, read the script on the screen to people on the phone and type their answers on the keyboard, drink tea & coffee, go home.

Why can't I do something to help feed some people, spread the wealth, speed up the conversion to clean energy, get more computers doing more useful calculations and modelling, rather than just massaging sales figures and marketing crap that nobody needs?

I'm going to risk running out of money for another few weeks at least, and that means I definitely will run out of money, because it's usually 60 days until I get paid. For the amount of money I'd get selling my depreciating electronics, and the time and hassle involved, I might as well get a job stacking shelves in a supermarket.

I'm just going to do the type of work that I'm passionate about and good at for a few weeks. I know HSBC are going to need a Customer Due Diligence system before February. I like my ex-colleagues, but my god nobody had the balls to just bin the junk and start again. It doesn't scale, it's not maintainable, it's so hard to roll out in-country, the pilot was a disaster, all the good people are leaving, and 85% of the work still has to be done.

I remember getting really angry at an all-day meeting with about 40 people. I didn't know at the time, but the CIO was there, and head honchos from Retail Bank & Wealth Management and Corporate Banking, plus the best in the software business trying to save Europe's biggest bank, on their number one project, money no object. It maddened me that we spent 2 and a half days estimating how much work there was to do in 3 weeks, but nobody knew what our productivity was. Nobody knew what the backlog was. Nobody knew what Minimum Viable Product was. Nobody was bothered about Continuous Deployment. Nobody had thought about the godforsaken task of pumping thousands of questions and rules and logic into a spreadsheet that you needed to know 3 programming languages to even make a stab in the dark.

I said I'd do half the questions on my own. I then had to spend an absolute age reprogramming the core system so that it would spit out meaningful syntax errors. There were about 500 things wrong before I even started. Then the architect admitted that he hadn't even thought about some fairly fundamental things and his solution took days to get right, while my suggestion was roundly ignored. Then the data architect started changing everything, even though it was tightly coupled throughout the entire system. I had to give loads of people lessons on Git and Maven artefact versioning. It was madness, and I had to call time out: I asked for a code freeze while we got everything stable. To everyone's credit, they listened to me, trusted me and supported me. I think it was only 5 straight days of midnight finishes. The work wasn't hard, but there were major bugs in every single component of the system. The pressure of knowing that hundreds of people are effectively twiddling their thumbs, and if you don't get it all working, you've damaged a huge amount of productivity.

A little cheer went up when everything integrated and the screens went green for the first time in weeks. It was also just in time for the CIO to announce that we'd achieved a significant milestone at the Town Hall. It was false optimism though. I had unearthed an absolute mountain of buggy code and dodgy config. My worst fears about performance were confirmed too. It took 5 minutes for the homepage to load.

I found a Scrum Master I liked and gave him a list of names that I wanted to work on a new version of the application. We picked good tech, designed a simple system and had something to demo in a week. They sacked my scrum master, me, and the longest serving member of the development team. People were getting jumpy and we were making management look pretty incompetent. I was also leaving a paper trail that was inconvenient. I was quite explicit about the urgency of the situation and what the simple remedies were. I didn't sugar coat it, because I'd been giving the same advice for 5 months.

I had plenty of warnings to keep my head down, and toe the line. I knew my days were numbered, and when I found out my old scrum master wanted me back because everything was tanking, I fired my parting shot. I knew I'd get terminated. Quicker than having to work a notice period. No need to lie about your reasons for leaving. No 4 weeks of hell working for a micromanaging idiot.

There's no challenge for me in corporate software. I ran the IT for a nice medium sized company. The board asked me for a data warehouse and a new phone system. Instead I gave them a new card payments processing system and an accurate set of accounts, with the correct ledger for all their customers. It's the only reason why the Office of Fair Trading didn't shut them down when they sent their forensic accountants to see why the books didn't really balance. Oh, and they were in breach of card data protection and were going to have a data theft until I tokenised all the card numbers. I had such a hard time in convincing the CEO of the right technology strategy that when he said "fit in or fuck off" I was more than happy to leave that rudderless captain.

When JPMorgan needed somebody to figure out why their FX system was running like a dog and they were going to cause a market liquidity disaster on International Money Markets Day, they'd had 10 Oracle consultants and none of them could find anything wrong. I found a DBA I liked in London, who didn't even work in my department, and we went through everything with a fine tooth comb. I also harassed the sysadmins until they got my disk I/O up to scratch and tweaked every kernel configuration value, applied every patch and generally wrung every bit of speed we could muster out of the hardware. I then had to take the vendor's code to bits and tell them where they had multithreading issues. They didn't believe me, but I kept sending them the measurements I'd made and pretty graphs, until they put a dev on the phone to me, and we talked through the code, and found a bug. Then the marvellous DBA found the setting that was causing the latency. With the new code and the much faster database, I could hardly believe the timings from the performance tests. When IMM day came, we blitzed it. We absolutely wiped the floor. Fastest FX platform in the world. There wasn't much appetite for developing our own in-house system anymore, I really didn't want to sit around looking busy. I liked my friends and the culture, but I still need interesting work.

And that's how it goes. Hire me to fix your technology problems, and I will, but then I'll want to leave if new challenges don't come along. I hate just keeping a seat warm. I guess that's Bipolar. I work like a son of a bitch for 3 or 4 months, then I'm really struggling to stay motivated for another month or two, and then I'll just stop coming to work.

I could try and pace myself, but invariably I find myself drawn to the impossible challenges. Normally you hire somebody who turns out to be rubbish, but refuses to leave. They literally stick to their chair like glue, because their main motivation is job security, not being good at their job. When you hire somebody who's really good, you can't let them know what a hideous stinking mess everything is in, and that they're going to be under relentless pressure to do horrible work. People who are really good will just go and find somewhere better to work.

I'm an idiot. I want to finish the job I've started and leave feeling proud of delivering stuff. I never ask for the poor performers to be fired. Most of the time I'm able to calmly filter out the new guy I'm training, when they're trying to impress me, but they don't know what they're talking about, and I've got an absolute bitch of a schedule to keep. I had to keep just saying "no" when 3 people were shadowing me, and they were all saying you forgot this or that, or you did that wrong... then I press a button and it all works first time and I can start to be more amenable again.

I'm absolutely not perfect. The first implementation is normally a dog. An ugly dog. But it works, and then the pressure is off so I can refactor for elegance. It's a bit of a thankless task though. When you start refactoring you then start looking at other code, and you end up having to change more and more and more and all the tests break because everything is so fragile, and then people start complaining that they can't find their bit of code anymore, and they have to merge their bit of work into an unrecognisable new world, because people don't pull, commit and push often enough.

I don't even write much code. Ask me for a bit of code that does something, and I'll give you a little bundle that you can plug in wherever you want it. When everybody is developing features but the application doesn't work, I'll concentrate on bug fixing and stabilising the build. When everybody is trampling on each other's toes, I'll concentrate on release management and versioning. When an important demo is coming up but people are committing code that doesn't work, I'll roll it back and tell them to put it on a branch until it integrates. When code starts getting promoted from DEV, to UAT, QA and PROD, somebody has to make sure the database is created with the latest schema, test data is loaded, Business Process Management tasks are cleared down, and all the little microservices are up to the right versions. That can take 3 hours on a bad day.

Software is not hard. Managing a huge team is hard. I haven't had a management role since 2013. However, I know that every untalented email forwarder who thinks they can manage a big project says "features, features, features, we're late, features, features, oh my god we are so late, let's just get it working, get it working, oh my god so many bugs, performance is terrible, let's try and go live anyway, oh my god it's hard doing a production rollout, and the users hate it even more than the testers, what do we do? what do we do? everybody panic, work 25 hours a day 8 days a week, 366 days a year, what do you mean we don't have any metrics? what do you mean we don't have any reporting? what do you mean it's not multilingual? why are all the good people leaving? why do things seem to get done a lot slower now we're supporting 3 or 4 more environments, instead of just one? who could have predicted such a thing? why didn't any highly paid consultants tell me? oh, they did? get me the mail server administrator immediately, there's some junk mail I don't seem to be able to delete permanently. Just get it done before the regulators come asking why we've failed to meet our timetable commitment".

And that's why I hate corporate bullshit.

It's the engineer's curse: we want to just solve problems, to make stuff that works, to make things better. I don't care that it hurts your feelings when I say your idea's rubbish. Your job is to listen to the experts, motivate people and sign the paychecks. My job is to come up with the ideas and make them a reality for you.

I don't really think I'm cut out for having a boss. I don't really think I'm employable anymore. I just completely ignore all the management, then they love me, then I tell them I'm not doing it again unless things change, then they hate me, then I get fired, then they get fired.

I probably need to figure out a way to get paid for more than 5 or 6 months of shouting and swearing at everybody and just doing whatever the hell I want. But it's so soul destroying to go to work and think that you made absolutely no difference. In fact you were complicit. Your day rate bought your silence. You were more worried about losing the stream of big invoices than your ethics. You put financial benefit ahead of professional, moral and legal obligations.

A bunch of white collars have got to get prosecuted soon.

Bankers have had their hand in the till for far too long.

Tags: #banking #bipolar #physics #career