Futures Trading Quotes

To get what you want, you have to know exactly how much you are willing to give up. Never had he wanted something this badly, and held it in his hands knowing that tomorrow it would be gone, traded for the high cliffs of Ios, and the uncertain future across the border, the chance to stand before his brother, to ask him for all the answers that no longer seemed important. A kingdom, or this.

I came to Him because I did not know which way to turn. I remained with Him because there is no other way I wish to turn. I came to Him longing for something I did not have. I remain with Him because I have something I will not trade. I came to Him as a stranger. I remain with Him in the most intimate of friendships. I came to Him unsure about the future. I remain with Him certain about my destiny. I came amid the thunderous cries of a culture that has 330 million deities. I remain with Him knowing that truth cannot be all-inclusive.

But depression wasn't the word. This was a plunge encompassing sorrow and revulsion far beyond the personal: a sick, drenching nausea at all humanity and human endeavor from the dawn of time. The writhing loathsomeness of the biological order. Old age, sickness, death. No escape for anyone. Even the beautiful ones were like soft fruit about to spoil. And yet somehow people still kept fucking and breeding and popping out new fodder for the grave, producing more and more new beings to suffer like this was some kind of redemptive, or good, or even somehow morally admirable thing: dragging more innocent creatures into the lose-lose game. Squirming babies and plodding, complacent, hormone-drugged moms. Oh, isn't he cute? Awww. Kids shouting and skidding in the playground with no idea what future Hells await them: boring jobs and ruinous mortgages and bad marriages and hair loss and hip replacements and lonely cups of coffee in an empty house and a colostomy bag at the hospital. Most people seemed satisfied with the thin decorative glaze and the artful stage lighting that sometimes, made the bedrock atrocity of the human predicament look somewhat more mysterious or less abhorrent. People gambled and golfed and planted gardens and traded stocks and had sex and bought new cars and practiced yoga and worked and prayed and redecorated their homes and got worked up over the news and fussed over their children and gossiped about their neighbors and pored over restaurant reviews and founded charitable organizations and supported political candidates and attended the U.S. Open and dined and travelled and distracted themselves with all kinds of gadgets and devices, flooding themselves incessantly with information and texts and communication and entertainment from every direction to try to make themselves forget it: where we were, what we were. But in a strong light there was no good spin you could put on it. It was rotten from top to bottom.

And if you were always spending your time getting over your past, how were you supposed to get on with your future?

We are told we must choose — the old or the new. In fact, we must choose both. What is a life if not a series of negotiations between the old and the new?" [Speech upon being awarded the Friedenspreis des Deutschen Buchhandels (Peace Prize of the German Book Trade), Frankfurt Book Fair, October 12, 2003]

It is capitalism, not Marxism, that trades in futures.

Extroverts are more likely to take a quick-and-dirty approach to problem-solving, trading accuracy for speed, making increasing numbers of mistakes as they go, and abandoning ship altogether when the problem seems too difficult or frustrating. Introverts think before they act, digest information thoroughly, stay on task longer, give up less easily, and work more accurately. Introverts and extroverts also direct their attention differently: if you leave them to their own devices, the introverts tend to sit around wondering about things, imagining things, recalling events from their past, and making plans for the future. The extroverts are more likely to focus on what's happening around them. It's as if extroverts are seeing "what is" while their introverted peers are asking "what if.

I’ve got a hunk of gold and you have a watch. If we trade, then I have a watch and you have a hunk of gold. But if you have an idea and I have an idea, and we exchange them, then we both have two ideas. It’s nonzero.

You want to be OK right now, so you trade that for having a good life in the long run. It’s a bad trade, but people do it all the time. That’s all addiction really is. It’s trading away the future so you can feel OK right now.

That, I decided, was what it meant to be a slave: your past didn't matter, in the present you were invisible and you had no claim on the future.

My friends, we cannot win the respect of the white people of the South or elsewhere if we are willing to trade the future of our children for our personal safety or comfort. Moreover, we must learn that passively to accept an unjust system is to cooperate with that system, and thereby to become a participant in its evil. ... 'Put up thy sword.

Some things were certain - they had already happened - but the future could not be divined. Perhaps by Ida Paine. For everyone else, the future was no ally. A person had only his life to barter with. He felt that way. He could lose himself... or trade what he had for something he cared about. That rare thing. Either way, his life would be spent.

I don't believe in trading in your future for a little extra power in the present.

In the City Market is the Meet Café. Followers of obsolete, unthinkable trades doodling in Etruscan, addicts of drugs not yet synthesized, pushers of souped-up harmine, junk reduced to pure habit offering precarious vegetable serenity, liquids to induce Latah, Tithonian longevity serums, black marketeers of World War III, excusers of telepathic sensitivity, osteopaths of the spirit, investigators of infractions denounced by bland paranoid chess players, servers of fragmentary warrants taken down in hebephrenic shorthand charging unspeakable mutilations of the spirit, bureaucrats of spectral departments, officials of unconstituted police states, a Lesbian dwarf who has perfected operation Bang-utot, the lung erection that strangles a sleeping enemy, sellers of orgone tanks and relaxing machines, brokers of exquisite dreams and memories tested on the sensitized cells of junk sickness and bartered for raw materials of the will, doctors skilled in the treatment of diseases dormant in the black dust of ruined cities, gathering virulence in the white blood of eyeless worms feeling slowly to the surface and the human host, maladies of the ocean floor and the stratosphere, maladies of the laboratory and atomic war... A place where the unknown past and the emergent future meet in a vibrating soundless hum... Larval entities waiting for a Live One...

Never believe it, Hal. Never believe your own lies. Because superstition was a trap – that was what she had learned, in the years of plying her trade on the pier. Touching wood, crossing fingers, counting magpies – they were all lies, all of them. False promises designed to give the illusion of control and meaning in a world in which the only destiny came from yourself. You can't predict the future, Hal knew.

I add my oath of protection to the bone,' he said in a whisper. 'To you now and to any child you may bear in the future. I would trade no day I spend with you for a life of safe slavery. I accepted the post of Seeker of my own free will. And if Darken Rahl takes the whole world into madness, then we will die with a sword in our hands, not chains on our wings. We will not allow it to be easy for them to kill us; they will pay a high price. We will fight with our last breath if need be, and in our death, let us inflict a wound on him that will fester until it claims him.

Many signs point to the fact that the youth of the Third World will no longer tolerate living in circumstances that give them no hope for the future. From the young boys I met in the demobilization camps in Sierra Leone to the suicide bombers of Palestine and Chechnya, to the young terrorists who fly planes into the World Trade Center and the Pentagon, we can no longer afford to ignore them. We have to take concrete steps to remove the causes of their rage, or we have to be prepared to suffer the consequences.

That’s all addiction really is. It’s trading away the future so you can feel OK right now.

The dandelion gives all of its future to ride on the wind for one beautiful moment. I'll bet my flightless Pekin ducks would trade their life away to become one with the breeze.

EDMUND *Then with alcoholic talkativeness You've just told me some high spots in your memories. Want to hear mine? They're all connected with the sea. Here's one. When I was on the Squarehead square rigger, bound for Buenos Aires. Full moon in the Trades. The old hooker driving fourteen knots. I lay on the bowsprit, facing astern, with the water foaming into spume under me, the masts with every sail white in the moonlight, towering high above me. I became drunk with the beauty and signing rhythm of it, and for a moment I lost myself -- actually lost my life. I was set free! I dissolved in the sea, became white sails and flying spray, became beauty and rhythm, became moonlight and the ship and the high dim-starred sky! I belonged, without past or future, within peace and unity and a wild joy, within something greater than my own life, or the life of Man, to Life itself! To God, if you want to put it that way. Then another time, on the American Line, when I was lookout on the crow's nest in the dawn watch. A calm sea, that time. Only a lazy ground swell and a slow drowsy roll of the ship. The passengers asleep and none of the crew in sight. No sound of man. Black smoke pouring from the funnels behind and beneath me. Dreaming, not keeping looking, feeling alone, and above, and apart, watching the dawn creep like a painted dream over the sky and sea which slept together. Then the moment of ecstatic freedom came. the peace, the end of the quest, the last harbor, the joy of belonging to a fulfillment beyond men's lousy, pitiful, greedy fears and hopes and dreams! And several other times in my life, when I was swimming far out, or lying alone on a beach, I have had the same experience. Became the sun, the hot sand, green seaweed anchored to a rock, swaying in the tide. Like a saint's vision of beatitude. Like a veil of things as they seem drawn back by an unseen hand. For a second you see -- and seeing the secret, are the secret. For a second there is meaning! Then the hand lets the veil fall and you are alone, lost in the fog again, and you stumble on toward nowhere, for no good reason! *He grins wryly. It was a great mistake, my being born a man, I would have been much more successful as a sea gull or a fish. As it is, I will always be a stranger who never feels at home, who does not really want and is not really wanted, who can never belong, who must always be a a little in love with death! TYRONE *Stares at him -- impressed. Yes, there's the makings of a poet in you all right. *Then protesting uneasily. But that's morbid craziness about not being wanted and loving death. EDMUND *Sardonically The *makings of a poet. No, I'm afraid I'm like the guy who is always panhandling for a smoke. He hasn't even got the makings. He's got only the habit. I couldn't touch what I tried to tell you just now. I just stammered. That's the best I'll ever do, I mean, if I live. Well, it will be faithful realism, at least. Stammering is the native eloquence of us fog people.

We have to be careful about what we project out into the future, because nothing else has the potential to create more unhappiness and emotional misery than an unfulfilled expectation.

The honeymoon phase is special in that it brings together the relief of reciprocated love with the excitement of a future still to be created. What we often don't realize is that the exuberance of the beginning is fueled by its undercurrent of uncertainty. We set out to make love more secure and dependable, but in the process, inevitably we dial down its intensity. On the path of commitment, we happily trade a little passion for a bit more certainty, some excitement for some stability.

The idea is that you don't only have one destiny. Younger and younger, kids are pressed to decide what they want to do with their lives, as if everything hinges on one decision. But whichever direction you go there are going to be upsides and downsides. You're dealing with a set of trade-offs, and not one course in comparison to which all the others are crap.....There are varying advantages and disadvantages to each competing future. But I didn't want to have one bad and one good. In both, everything is all right, really. Everything is all right.

In any weather, at any hour of the day or night, I have been anxious to improve the nick of time, and notch it on my stick too; to stand on the meeting of two eternities, the past and the future, which is precisely the present moment; to toe that line. You will pardon some obscurities, for there are more secrets in my trade than in most men's, and yet not voluntarily kept, but inseparable from its very nature.

As perfect as we can make it from so far away. I wouldn't trade it, though. I'll take 3000 miles over any other man in the same room with me.

I calculated the backstop value, and it was something like fifty cents on the dollar, while the actual debt was trading at twenty-five cents,” Musk said.

By what I have read in books, I think few that have held a pen were ever really wearied, or they would write of it more strongly. I had no care of my life, neither past nor future, and I scarce remembered there was such a lad as David Balfour. I did not think of myself, but just of each fresh step which I was sure would be my last, with despair—and of Alan, who was the cause of it, with hatred. Alan was in the right trade as a soldier; this is the officer's part to make men continue to do things, they know not wherefore, and when, if the choice was offered, they would lie down where they were and be killed. And I dare say I would have made a good enough private; for in these last hours it never occurred to me that I had any choice but just to obey as long as I was able, and die obeying.

When the towers again twin-tickle the clouds, I offer to walk again, to be the expression of the builder's collective voice. Together, we will rejoice in an aerial song of victory. I will carry my life across the wire, as your life, as all our lives, past, present, and future -the lives lost, the lives welcomed since. we can overcome.

The scary thing is that the more open our markets get, the faster people can move their money around and the more trading is based on this kind of speculation instead of serious analysis. And that’s scary because—recall—the whole point of the stock market is to decide the crucial question of what we, as a society, should build for the future. As Keynes says, “When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.

While microeconomics has focused on transactions between individuals, and macroeconomics on the role of government in the economy, the reality is that the most important economic decisions to any individual's well-being are the ones they conduct in their trade-offs with their future self.

So long as we have wage slavery," answered Schliemann, "it matters not in the least how debasing and repulsive a task may be, it is easy to find people to perform it. But just as soon as labor is set free, then the price of such work will begin to rise. So one by one the old, dingy, and unsanitary factories will come down— it will be cheaper to build new; and so the steamships will be provided with stoking machinery , and so the dangerous trades will be made safe, or substitutes will be found for their products. In exactly the same way, as the citizens of our Industrial Republic become refined, year by year the cost of slaughterhouse products will increase; until eventually those who want to eat meat will have to do their own killing— and how long do you think the custom would survive then?— To go on to another item— one of the necessary accompaniments of capitalism in a democracy is political corruption; and one of the consequences of civic administration by ignorant and vicious politicians, is that preventable diseases kill off half our population. And even if science were allowed to try, it could do little, because the majority of human beings are not yet human beings at all, but simply machines for the creating of wealth for others. They are penned up in filthy houses and left to rot and stew in misery, and the conditions of their life make them ill faster than all the doctors in the world could heal them; and so, of course, they remain as centers of contagion , poisoning the lives of all of us, and making happiness impossible for even the most selfish. For this reason I would seriously maintain that all the medical and surgical discoveries that science can make in the future will be of less importance than the application of the knowledge we already possess, when the disinherited of the earth have established their right to a human existence.

To allow arcane trade law, which has been negotiated with scant public scrutiny, to have this kind of power over an issue so critical to humanity’s future is a special kind of madness. As Nobel Prize–winning economist Joseph Stiglitz puts it, “Should you let a group of foolish lawyers, who put together something before they understood these issues, interfere with saving the planet?

I want to choose you,” Noam said softly. “Every day, again and again.” Dara kissed him, Noam’s lips parting under the pressure of Dara’s mouth and his hand lifting to Dara’s cheek. And for that moment Noam let himself believe in the future they’d spun together, all its brightness and its flaws, something so magnificently mundane it almost felt unachievable: late mornings waking up together, Dara perched on the kitchen counter while Noam made dinner, trading work stories over tea in the early evening, Wolf curled up in bed between them while they slept.

All the backpedaling and backstepping that goes on with powerful women today, with Hillary Clinton saying she could have stayed home and baked cookies and blah blah blah, and then offending everybody so that she had to say that she does, in fact, *love* to make cookies, loves it almost as much as she likes to trade agricultural futures. I mean, what is that about? All this I'm really a lady, I'm really a nice girl crap- who needs it? It really is nothing more than surrender.

They don't try to trade 'reality', they try to trade other people's perceptions of reality. If a market is dominated by enough technical traders, it could lapse into a 'postmodern' state, with traders trading perceptions of perceptions of reality.

Many of us forget to behave properly with those who will control the future trade deals.

That tradition is the way our culture gets made. As I explain in the pages that follow, we come from a tradition of "free culture"—not "free" as in "free beer" (to borrow a phrase from the founder of the freesoftware movement[2] ), but "free" as in "free speech," "free markets," "free trade," "free enterprise," "free will," and "free elections." A free culture supports and protects creators and innovators. It does this directly by granting intellectual property rights. But it does so indirectly by limiting the reach of those rights, to guarantee that follow-on creators and innovators remain as free as possible from the control of the past. A free culture is not a culture without property, just as a free market is not a market in which everything is free. The opposite of a free culture is a "permission culture"—a culture in which creators get to create only with the permission of the powerful, or of creators from the past.

Wisdom and knowledge, as well as virtue, diffused generally among the body of the people being necessary for the preservation of their rights and liberties; and as these depend on spreading the opportunities and advantages of education in various parts of the country, and among the different orders of the people, it shall be the duty of legislators and magistrates in all future periods of this commonwealth to cherish the interests of literature and the sciences, and all seminaries of them, especially the university at Cambridge, public schools, and grammar schools in the towns; to encourage private societies and public institutions, rewards and immunities, for the promotion of agriculture, arts, sciences, commerce, trades, manufactures, and a natural history of the country; to countenance and inculcate the principles of humanity and general benevolence, public and private charity, industry and frugality, honesty and punctuality in their dealings, sincerity, good humor, and all social affections, and generous sentiments among the people.

Whether he’ll follow some gaudy, hysterical leader who’ll promise rashly to fill the void in him, or whether he’ll come to an understanding with the millions of his kindred fellow workers under trade-union or revolutionary guidance depends upon the future drift of events in America. But,

The eighties happened. The nineties happened. Death and sickness and getting fat and going bald happened. I traded lots of dreams for a bigger paycheck, and I never even realized I was doing it.

When we bury the old, we bury the known past, the past we imagine sometimes better than it was, but the past all the same, a portion of which we inhabited. Memory is the overwhelming theme, the eventual comfort. But burying infants, we bury the future, unwieldy and unknown, full of promise and possibilities, outcomes punctuated by our rosy hopes. The grief has no borders, no limits, no known ends, and the little infant graves that edge the corners and fencerows of every cemetery are never quite big enough to contain that grief. Some sadnesses are permanent. Dead babies do not give us memories. They give us dreams.

Replacing “what if ” with “even if ” in our mental vocabulary is one of the most liberating exchanges we can ever make. We trade our irrational fears of an uncertain future for the loving assurance of an unchanging God. We see that even if the very worst happens, God will carry us. He will still be good. And he will never leave us.

What troubled her so, she thinks, is the dream's effect of nullifying the present. For she is passionately attached to her present; nothing in the world would induce her to trade it for the past or the future. That is why she dislikes dreams: they impose an unacceptable equivalence among the various periods of the same life, a leveling contemporaneity of everything a person has ever experienced; they discredit the present by denying it its priviledged status. As in that night's dream: it obliterated a whole chunk of her life; in its place the past came lumbering in.

In an age in which economists take for granted that people equate well-being with consumption, increasing numbers of people seem willing to trade certain freedoms and material comforts for a sense of immutable order and the rapture of faith.

Most importantly, it became clear that the name “free trade agreement” was itself a matter of deceptive advertising: it was really a managed trade agreement, managed especially for special corporate interests, particularly in the United States.

it gets to be an addiction. You want to be OK right now, so you trade that for having a good life in the long run. It’s a bad trade, but people do it all the time. That’s all addiction really is. It’s trading away the future so you can feel OK right now.

Why was he doing this? So that life could continue in the metro? Right. So that they could grow mushrooms and pigs at VDNKh in the future, and so that his stepfather and Zhenkina’s family lived there in peace, so that people unknown to him could settle at Alekseevskaya and at Rizhskaya, and so that the uneasy bustle of trade at Byelorusskaya didn’t die away. So that the Brahmins could stroll about Polis in their robes and rustle the pages of books, grasping the ancient knowledge and passing it on to subsequent generations. So that the fascists could build their Reich, capturing racial enemies and torturing them to death, and so that the Worm people could spirit away strangers’ children and eat adults, and so that the woman at Mayakovskaya could bargain with her young son in the future, earning herself and him some bread. So that the rat races at Paveletskaya didn’t end, and the fighters of the revolutionary brigade could continue their assaults on fascists and their funny dialectical arguments. And so that thousands of people throughout the whole metro could breathe, eat, love one another, give life to their children, defecate and sleep, dream, fight, kill, be ravished and betrayed, philosophize and hate, and so that each could believe in his own paradise and his own hell . . . So that life in the metro, senseless and useless, exalted and filled with light, dirty and seething, endlessly diverse, so miraculous and fine could continue.

The fall of Trantor,” said Seldon, “cannot be stopped by any conceivable effort. It can be hastened easily, however. The tale of my interrupted trial will spread through the Galaxy. Frustration of my plans to lighten the disaster will convince people that the future holds no promise to them. Already they recall the lives of their grandfathers with envy. They will see that political revolutions and trade stagnations will increase. The feeling will pervade the Galaxy that only what a man can grasp for himself at that moment will be of any account. Ambitious men will not wait and unscrupulous men will not hang back. By their every action they will hasten the decay of the worlds. Have me killed and Trantor will fall not within three centuries but within fifty years and you, yourself, within a single year.

There comes a moment, after you have made love, after you have kissed the after love kiss, a moment when he is about to say something and stops himself. He sort of mumbles and shakes his head. You look deep into his eyes and what you see is the future. That's when you know.

Similar forms of trickery eventually evolved into a ritual of drunken trade negotiations that often ended with Native Americans giving away huge tracts of land for little in return. Years later, one settler put it bluntly: “When the object is to murder Indians, strong liquor is the main article required, for when you have them dead drunk, you may do to them as you please, without running the risk of losing your life.

Studying history aims to loosen the grip of the past. It enables us to turn our head this way and that, and begin to notice possibilities that our ancestors could not imagine, or didn’t want us to imagine. By observing the accidental chain of events that led us here, we realise how our very thoughts and dreams took shape – and we can begin to think and dream differently. Studying history will not tell us what to choose, but at least it gives us more options. Movements seeking to change the world often begin by rewriting history, thereby enabling people to reimagine the future. Whether you want workers to go on a general strike, women to take possession of their bodies, or oppressed minorities to demand political rights – the first step is to retell their history. The new history will explain that ‘our present situation is neither natural nor eternal. Things were different once. Only a string of chance events created the unjust world we know today. If we act wisely, we can change that world, and create a much better one.’ This is why Marxists recount the history of capitalism; why feminists study the formation of patriarchal societies; and why African Americans commemorate the horrors of the slave trade. They aim not to perpetuate the past, but rather to be liberated from it.

In the original form of the word, to worry someone else was to harass, strangle, or choke them. Likewise, to worry oneself is a form of self-harassment. To give it less of a role in our lives, we must understand what it really it is. Worry is the fear we manufacture—it is not authentic. If you choose to worry about something, have at it, but do so knowing it’s a choice. Most often, we worry because it provides some secondary reward. There are many variations, but a few of the most popular follow. Worry is a way to avoid change; when we worry, we don’t do anything about the matter. Worry is a way to avoid admitting powerlessness over something, since worry feels like we’re doing something. (Prayer also makes us feel like we’re doing something, and even the most committed agnostic will admit that prayer is more productive than worry.) Worry is a cloying way to have connection with others, the idea being that to worry about someone shows love. The other side of this is the belief that not worrying about someone means you don’t care about them. As many worried-about people will tell you, worry is a poor substitute for love or for taking loving action. Worry is a protection against future disappointment. After taking an important test, for example, a student might worry about whether he failed. If he can feel the experience of failure now, rehearse it, so to speak, by worrying about it, then failing won’t feel as bad when it happens. But there’s an interesting trade-off: Since he can’t do anything about it at this point anyway, would he rather spend two days worrying and then learn he failed, or spend those same two days not worrying, and then learn he failed? Perhaps most importantly, would he want to learn he had passed the test and spent two days of anxiety for nothing? In Emotional Intelligence, Daniel Goleman concludes that worrying is a sort of “magical amulet” which some people feel wards off danger. They believe that worrying about something will stop it from happening. He also correctly notes that most of what people worry about has a low probability of occurring, because we tend to take action about those things we feel are likely to occur. This means that very often the mere fact that you are worrying about something is a predictor that it isn’t likely to happen!

I wonder how often it’s less about getting out of where we’re at, and more about giving ourselves the illusion that we’re trying to get out of where we’re at. And in the scandalous action of trading the fear of what ‘could be’ for the pain of ‘what is,’ we have traded away the whole of our lives.

Laurent,’ he said, and he was breaking apart. To get what you want, you have to know exactly how much you are willing to give up. Never had he wanted something this badly, and held it in his hands knowing that tomorrow it would be gone, traded for the high cliffs of Ios, and the uncertain future across the border, the chance to stand before his brother, to ask him for all the answers that no longer seemed so important. A kingdom, or this. Deeper

These were the kids destined to live the hardworking lives of their parents and take up their fathers' trades, the future farmers, homemakers and baby makers, if they could scoot through these few years of wild pounding hormones without getting hurt or hurting someone else. If they could keep out of jail for this short stretch, most would go on to be the spine of American society - fixing the cars, working the factories, growing the food and fighting the wars.

In fact, the term “holy war” originates not with Islam but with the Christian Crusaders who first used it to give theological legitimacy to what was in reality a battle for land and trade routes. “Holy war” was not a term used by Muslim conquerors, and it is in no way a proper definition of the word jihad. There are a host of words in Arabic that can be definitively translated as “war”; jihad is not one of them. The word jihad literally means “a struggle,” “a striving,” or “a great effort.” In its primary religious connotation (sometimes referred to as “the greater jihad”), it means the struggle of the soul to overcome the sinful obstacles that keep a person from God. This is why the word jihad is nearly always followed in the Quran by the phrase “in the way of God.

With few, if any, new classes of antibiotics in clinical development,674 an expert on antibiotic resistance at the Institute for Agriculture and Trade Policy warned that “we’re sacrificing a future where antibiotics will work for treating sick people by squandering them today for animals that are not sick at all.

The options also were a way of shifting enormous risk from Renaissance to the banks. Because the lenders technically owned the underlying securities in the basket-options transactions, the most Medallion could lose in the event of a sudden collapse was the premium it had paid for the options and the collateral held by the banks. That amounted to several hundred million dollars. By contrast, the banks faced billions of dollars of potential losses if Medallion were to experience deep troubles. In the words of a banker involved in the lending arrangement, the options allowed Medallion to “ring-fence” its stock portfolios, protecting other parts of the firm, including Laufer’s still-thriving futures trading, and ensuring Renaissance’s survival in the event something unforeseen took place. One staffer was so shocked by the terms of the financing that he shifted most of his life savings into Medallion, realizing the most he could lose was about 20 percent of his money.

After the usual politeness, the Citizen Brotteaux resumed the thread of his discourse: 'Those who make a trade out of foretelling the future rarely grow rich. Their attempts to deceive are too easily found out and arouse detestation. And yet it would be necessary to detest them much, much more if they foretold the future correctly. For a man's life would become intolerable, if he knew what was going to happen to him. He would be made aware of future evils, and would suffer their agonies in advance, while he would get no joy of present blessings since he would know how they would end. Ignorance is the necessary condition of human happiness, and it has to be admitted that on the whole mankind observes that condition well. We are almost entirely ignorant of ourselves; absolutely of others. In ignorance, we find our bliss; in illusions, our happiness.

Mothers are supposed to be weak, weepy creatures, women who give birth to their children and drift peacefully into death, but the Mother is none of those things. She's the brave one, the ruthless one, the witch who traded the birthing-chamber of the battlefield, the kitchen for the knife. Boadicea and heartless Hera, the mother who became a monster.

Grass: I’ve invested heavily in blood futures. I have a direct line to the trading floor for polyester blood. There’s a heaving mass of men crying out their bids. The blood arrives at the warehouse in the form of double-knit suits. It’s the only kind of suit I wear. When I collapse in the street, paramedics rush me to the hospital, liquefy the suit and inject it in my veins.

All of it—all of it for him. For Rowan, who had known exactly what sword he was picking up that day in the mountain cave, who had thrown it to her across the ice as a future bargaining chip—the only protection he could offer her against Maeve, if she was smart enough to figure it out. She had only realized what he’d done—that he’d known all along—when she’d mentioned the ring to him weeks ago and he’d told her he hoped she found some use for it. He didn’t yet understand that she had no interest in bargaining for power or safety or alliance. So Celaena said, “I’ll make a trade with you, though.” Maeve’s brows narrowed. Celaena jerked her chin. “Your beloved’s ring—for Rowan’s freedom from his blood oath.” Rowan stiffened. His friends whipped their heads to her. “A blood oath is eternal,” Maeve said tightly. Celaena didn’t think his friends were breathing. “I don’t care. Free him.” Celaena held out the ring again. “Your choice. Free him, or I melt this right here.

I came to Him because I did not know which way to turn. I have remained with Him because there is no other way I wish to turn. I came to Him longing for something I did not have. I remain with Him because I have something I will not trade. I came to Him as a stranger. I remain with Him in the most intimate of friendships. I came to Him unsure about the future. I remain with Him certain about my destiny. I came amid the thunderous cries of a culture that has three hundred and thirty million deities. I remain with Him knowing that truth cannot be all-inclusive. Truth by definition excludes.

After all, we are all immigrants to the future; none of us is a native in that land. Margaret Mead famously wrote about the profound changes wrought by the Second World War, “All of us who grew up before the war are immigrants in time, immigrants from an earlier world, living in an age essentially different from anything we knew before.” Today we are again in the early stages of defining a new age. The very underpinnings of our society and institutions--from how we work to how we create value, govern, trade, learn, and innovate--are being profoundly reshaped by amplified individuals. We are indeed all migrating to a new land and should be looking at the new landscape emerging before us like immigrants: ready to learn a new language, a new way of doing things, anticipating new beginnings with a sense of excitement, if also with a bit of understandable trepidation.

Believing that, in alliance with the proletariat, they have singled out in capitalism the common enemy, the young abandon their own ground, that of the struggle against the patriarchal system. They put all their faith in the proletariat as the bearer of the revolutionary moment. They may want to spur the workers if they seem too pacified by the successes of trade unions, or by the tactical considerations of party politics; but there is no doubt in their minds that the proletariat is the historical force of the future. By fighting someone else’s battle, the young once again allow themselves to become subordinated, which is, of course, what has always been desired of them.

I THINK THE REAL TRICK to finding that sense of satisfaction is to realize you don’t need much to attain it. A window-box salad garden and a banjo hanging on the back of the door can be all the freedom you need. If it isn’t everything you want for the future, let it be enough for tonight. Don’t look at your current situation as a hindrance to living the way you want, because living the way you want has nothing to do with how much land you have or how much you can afford to spend on a new house. It has to do with the way you choose to live every day and how content you are with what you have. If a few things on your plate every season come from the work of your own hands, you are creating food for your body, and that is enough. If the hat on your head was knitted with your own hands, you’re providing warmth from string and that’s enough. If you rode your bike to work, trained your dog to pack, or just baked a loaf of bread, let it be enough. Accepting where you are today, and working toward what’s ahead, is the best you can do. You can take the projects in this book as far as your chosen road will take you. Maybe your gardens and coops will outgrow mine, and before you know it you’ll be trading in your Audi for a pickup. But the starting point is to take control of what you can and smile with how things are. Find your own happiness and dance with it.

Walking upright between the past and future, a tightrope walk across our times, became, for me, a way of living: trying to maintain a balance between the competing gravities of birth and death, hope and regret, sex and mortality, love and grief, all those opposites or nearly opposites that become, after a while, the rocks and hard places, synonymous forces between which we navigate, like salmon balanced in the current, damned some times if we do or don't.

Frustration of my plans to lighten the disaster will convince people that the future holds no promise for them. Already they recall the lives of their grandfathers with envy. They will see that political revolutions and trade stagnations will increase. The feeling will pervade the Galaxy that only what a man can grasp for himself at that moment will be of any account. Ambitious men will not wait and unscrupulous men will not hang back. By their every action they will hasten the decay of the worlds.

President Trump displays less finesse than a bull in a china shop. Just as Prime Minister May managed - after many months of bitter wrangling - to reach a degree of consensus on what Britain's future relationship with the EU should look like, in comes the marauding beast upending all the finely balanced Wedgwood. Britain may well need some form of future trade deal with the US but it certainly isn't one that should be struck with the co-author of a lame business book more appropriately named 'Art of the Steal'.

Another blatant case of regress as part of the capitalist progress is the enormous rise of precarious work. Precarious work deprives workers of a whole series of rights that, till recently, were taken as self-evident in any country which perceived itself as a welfare state: precarious workers have to take care themselves of their health insurance and retirement options; there is no paid leave; the future becomes much more uncertain. Precarious work also generates an antagonism within the working class, between permanently employed and precarious workers (trade unions tend to privilege permanent workers; it is very difficult for precarious workers even to organize themselves into a union or to establish other forms of collective self-organization). One would have expected that this increasing exploitation would also strengthen workers’ resistance, but it renders resistance even more difficult, and the main reason for this is ideological: precarious work is presented (and up to a point even effectively experienced) as a new form of freedom – I am no longer just a cog in a complex enterprise but an entrepreneur-of-the-self, I am a boss of myself who freely manages my employment, free to choose new options, to explore different aspects of my creative potential, to choose my priorities

Exoneration of Jesus Christ If Christ was in fact God, he knew all the future. Before Him like a panorama moved the history yet to be. He knew how his words would be interpreted. He knew what crimes, what horrors, what infamies, would be committed in his name. He knew that the hungry flames of persecution would climb around the limbs of countless martyrs. He knew that thousands and thousands of brave men and women would languish in dungeons in darkness, filled with pain. He knew that his church would invent and use instruments of torture; that his followers would appeal to whip and fagot, to chain and rack. He saw the horizon of the future lurid with the flames of the auto da fe. He knew what creeds would spring like poisonous fungi from every text. He saw the ignorant sects waging war against each other. He saw thousands of men, under the orders of priests, building prisons for their fellow-men. He saw thousands of scaffolds dripping with the best and bravest blood. He saw his followers using the instruments of pain. He heard the groans—saw the faces white with agony. He heard the shrieks and sobs and cries of all the moaning, martyred multitudes. He knew that commentaries would be written on his words with swords, to be read by the light of fagots. He knew that the Inquisition would be born of the teachings attributed to him. He saw the interpolations and falsehoods that hypocrisy would write and tell. He saw all wars that would be waged, and-he knew that above these fields of death, these dungeons, these rackings, these burnings, these executions, for a thousand years would float the dripping banner of the cross. He knew that hypocrisy would be robed and crowned—that cruelty and credulity would rule the world; knew that liberty would perish from the earth; knew that popes and kings in his name would enslave the souls and bodies of men; knew that they would persecute and destroy the discoverers, thinkers and inventors; knew that his church would extinguish reason’s holy light and leave the world without a star. He saw his disciples extinguishing the eyes of men, flaying them alive, cutting out their tongues, searching for all the nerves of pain. He knew that in his name his followers would trade in human flesh; that cradles would be robbed and women’s breasts unbabed for gold. And yet he died with voiceless lips. Why did he fail to speak? Why did he not tell his disciples, and through them the world: “You shall not burn, imprison and torture in my name. You shall not persecute your fellow-men.” Why did he not plainly say: “I am the Son of God,” or, “I am God”? Why did he not explain the Trinity? Why did he not tell the mode of baptism that was pleasing to him? Why did he not write a creed? Why did he not break the chains of slaves? Why did he not say that the Old Testament was or was not the inspired word of God? Why did he not write the New Testament himself? Why did he leave his words to ignorance, hypocrisy and chance? Why did he not say something positive, definite and satisfactory about another world? Why did he not turn the tear-stained hope of heaven into the glad knowledge of another life? Why did he not tell us something of the rights of man, of the liberty of hand and brain? Why did he go dumbly to his death, leaving the world to misery and to doubt? I will tell you why. He was a man, and did not know.

Our industries, our trade, and our way of life generally have been based first on the exploitation of the earth's surface and then on the oppression of one another--on banditry pure and simple. The inevitable result is now upon us. The unsuccessful bandits are trying to despoil their more successful competitors. The world is divided into two hostile camps: at the root of this vast conflict lies the evil of spoliation which has destroyed the moral integrity of our generation. While this contest marches to its inevitable conclusion, it will not be amiss to draw attention to a forgotten factor which may perhaps help to restore peace and harmony to a tortured world. We must in our future planning pay great attention to food--the product of sun, soil, plant, and livestock--in other words, to farming and gardening.

The discovery of this strange society was a curiously refreshing thing; to realize that there were ten new trades in the world was like looking at the first ship or the first plough. It made a man feel what he should feel, that he was still in the childhood of the world. That I should have come at last upon so singular a body was, I may say without vanity, not altogether singular, for I have a mania for belonging to as many societies as possible: I may be said to collect clubs, and I have accumulated a vast and fantastic variety of specimens ever since, in my audacious youth, I collected the Athenaeum. At some future day, perhaps, I may tell tales of some of the other bodies to which I have belonged. I will recount the doing's of the Dead Man's Shoes Society (that superficially immoral, but darkly justifiable communion); I will explain the curious origin of the Cat and Christian, the name of which has been so shamefully misinterpreted; and the world shall know at last why the Institute of Typewriters coalesced with the Red Tulip League. Of the Ten Teacups, of course I dare not say a word.

Many of the issues that motivated Obama—growing the American economy, combating climate change, forging new rules to govern trade and commerce among nations—depended upon cooperation in Asia. While the Middle East represented the past—its religious wars, American-backed autocrats, Iranian revolutionaries, terrorist threats—Asia seemed to represent the future. It helped that the people and governments in Asia wanted to deepen relations with “the United States, in part because of their concerns about the largest emerging power in their neighborhood: China

or that they think I’d actually let them pay for my law school if I was going to go….I’ve told them a million times that I have the best car in the world, a car that has spanned the continent from Miami to Alaska, a car that has in all those thousands of miles not given me a single problem, a car that I will never trade in, a car that I am very strongly attached to—yet they ignore what I say and think I’d actually accept a new car from them! I’m going to have to be real careful not to accept any gifts from them in the future because they will think they have bought my respect.

In consequence, the National General Assembly of the People of Cuba proclaims before America: the right of peasants to land; the right of the worker to the fruit of his labor; the right of children to receive education; the right of the sick to receive medical and hospital care; the right of the young to work; the right of students to receive free instruction, practical and scientific; the right of Negroes and Indians to 'a full measure of human dignity'; the right of woman to civil, social and political equality; the right of the aged to secure old age; the right of intellectuals, artists and scientists to fight through their work for a better world; the right of States to nationalize imperialist monopolies as a means of recovering national wealth and resources; the right of countries to engage freely in trade with all other countries of the world; the right of nations to full sovereignty; the right of people to convert their fortresses into schools and to arm their workers, peasants, students, intellectuals, Negroes, Indians, women, the young, the old, all the oppressed and exploited; that they may better defend, with their own hands, their rights and their future.

Never believe it, Hal. Never believe your own lies. Because superstition was a trap—that was what she had learned, in the years of plying her trade on the pier. Touching wood, crossing fingers, counting magpies—they were lies, all of them. False promises, designed to give the illusion of control and meaning in a world in which the only destiny came from yourself. You can’t predict the future, Hal, her mother had reminded her, time and time again. You can’t influence fate, or change what’s out of your control. But you can choose what you yourself do with the cards you’re dealt. That was the truth, Hal knew. The painful, uncompromising truth. It was what she wanted to shout at clients, at the ones who came back again and again looking for answers that she could not give. There is no higher meaning. Sometimes things happen for no reason. Fate is cruel, and arbitrary. Touching wood, lucky charms, none of it will help you see the car you never saw coming, or avoid the tumor you didn’t realize you had. Quite the opposite, in fact. For in that moment that you turn your head to look for the second magpie, in the hope of changing your fortune from sorrow to joy—that’s when you take your attention away from the things you can change, the crossing light, the speeding car, the moment you should have turned back. The people who came to her booth were seeking meaning and control—but they were looking in the wrong place. When they gave themselves over to superstition, they were giving up on shaping their own destiny.

No one is alone in this world. No act is without consequences for others. It is a tenet of chaos theory that, in dynamical systems, the outcome of any process is sensitive to its starting point-or, in the famous cliche, the flap of a butterfly's wings in the Amazon can cause a tornado in Texas. I do not assert markets are chaotic, though my fractal geometry is one of the primary mathematical tools of "chaology." But clearly, the global economy is an unfathomably complicated machine. To all the complexity of the physical world of weather, crops, ores, and factories, you add the psychological complexity of men acting on their fleeting expectations of what may or may not happen-sheer phantasms. Companies and stock prices, trade flows and currency rates, crop yields and commodity futures-all are inter-related to one degree or another, in ways we have barely begun to understand. In such a world, it is common sense that events in the distant past continue to echo in the present.

For example, trading in S&P 500-linked futures totaled more than $60 trillion(!) in 2011, five times the S&P 500 Index total market capitalization of $12.5 trillion. We also have credit default swaps, which are essentially bets on whether a corporation can meet the interest payments on its bonds. These credit default swaps alone had a notional value of $33 trillion. Add to this total a slew of other derivatives, whose notional value as 2012 began totaled a cool $708 trillion. By contrast, for what it’s worth, the aggregate capitalization of the world’s stock and bond markets is about $150 trillion, less than one-fourth as much. Is this a great financial system . . . or what!

Never believe it, Hal. Never believe your own lies. Because superstition was a trap—that was what she had learned, in the years of plying her trade on the pier. Touching wood, crossing fingers, counting magpies—they were lies, all of them. False promises, designed to give the illusion of control and meaning in a world in which the only destiny came from yourself. You can’t predict the future, Hal, her mother had reminded her, time and time again. You can’t influence fate, or change what’s out of your control. But you can choose what you yourself do with the cards you’re dealt. That was the truth, Hal knew. The painful, uncompromising truth. It was what she wanted to shout at clients, at the ones who came back again and again looking for answers that she could not give. There is no higher meaning. Sometimes things happen for no reason. Fate is cruel, and arbitrary. Touching wood, lucky charms, none of it will help you see the car you never saw coming, or avoid the tumor you didn’t realize you had. Quite the opposite, in fact. For in that moment that you turn your head to look for the second magpie, in the hope of changing your fortune from sorrow to joy—that’s when you take your attention away from the things you can change, the crossing light, the speeding car, the moment you should have turned back. The people who came to her booth were seeking meaning and control—but they were looking in the wrong place. When they

Cixi’s lack of formal education was more than made up for by her intuitive intelligence, which she liked to use from her earliest years. In 1843, when she was seven, the empire had just finished its first war with the West, the Opium War, which had been started by Britain in reaction to Beijing clamping down on the illegal opium trade conducted by British merchants. China was defeated and had to pay a hefty indemnity. Desperate for funds, Emperor Daoguang (father of Cixi’s future husband) held back the traditional presents for his sons’ brides – gold necklaces with corals and pearls – and vetoed elaborate banquets for their weddings. New Year and birthday celebrations were scaled down, even cancelled, and minor royal concubines had to subsidise their reduced allowances by selling their embroidery on the market through eunuchs. The emperor himself even went on surprise raids of his concubines’ wardrobes, to check whether they were hiding extravagant clothes against his orders. As part of a determined drive to stamp out theft by officials, an investigation was conducted of the state coffer, which revealed that more “than nine million taels of silver had gone missing. Furious, the emperor ordered all the senior keepers and inspectors of the silver reserve for the previous forty-four years to pay fines to make up the loss – whether or not they were guilty. Cixi’s great-grandfather had served as one of the keepers and his share of the fine amounted to 43,200 taels – a colossal sum, next to which his official salary had been a pittance. As he had died a long time ago, his son, Cixi’s grandfather, was obliged to pay half the sum, even though he worked in the Ministry of Punishments and had nothing to do with the state coffer. After three years of futile struggle to raise money, he only managed to hand over 1,800 taels, and an edict signed by the emperor confined him to prison, only to be released if and when his son, Cixi’s father, delivered the balance. The life of the family was turned upside down. Cixi, then eleven years old, had to take in sewing jobs to earn extra money – which she would remember all her life and would later talk about to her ladies-in-waiting in the court. “As she was the eldest of two daughters and three sons, her father discussed the matter with her, and she rose to the occasion. Her ideas were carefully considered and practical: what possessions to sell, what valuables to pawn, whom to turn to for loans and how to approach them. Finally, the family raised 60 per cent of the sum, enough to get her grandfather out of prison. The young Cixi’s contribution to solving the crisis became a family legend, and her father paid her the ultimate compliment: ‘This daughter of mine is really more like a son!’ Treated like a son, Cixi was able to talk to her father about things that were normally closed areas for women. Inevitably their conversations touched on official business and state affairs, which helped form Cixi’s lifelong interest. Being consulted and having her views acted on, she acquired self-confidence and never accepted the com“common assumption that women’s brains were inferior to men’s. The crisis also helped shape her future method of rule. Having tasted the bitterness of arbitrary punishment, she would make an effort to be fair to her officials.

Everything is argued over in this world. Apart from only one thing that is not argued over. Nobody argues about democracy. Democracy is there as if it was some sort of saint in the altar from whom miracles are no longer expected. But it’s there as a reference. A reference. Democracy. And no-one attends to the matter that the democracy in which we live is a democracy taken captive, conditioned, amputated. Because the power..the power of the citizen, the power of each one of us, is limited, in the political sphere, I repeat, in the political sphere, to remove a government that we do not like and replace it with another one that perhaps we might like in the future. Nothing else. But the big decisions are taken in a different sphere, and we all know which one that is. The big international financial organisations, the IMFs, the World Trade Organisations, the World Banks, the OECDs. All..not one of these entities is democratic. And so, how can we keep talking about democracy, if those who effectively govern the world are not chosen democratically by the people? Who chooses the representatives of each country in those organisations? Your respective peoples? No. Where then is the democracy?

voracious reader, and it dawned on her that a corporate job in Tampa or Jacksonville was not, in fact, the be-all and end-all. Something lay beyond that point. Florence had haunted the library, desperate for glimpses of lives unlike her own. She had a penchant for stories about glamorous, doomed women like Anna Karenina and Isabel Archer. Soon, however, her fascination shifted from the women in the stories to the women who wrote them. She devoured the diaries of Sylvia Plath and Virginia Woolf, who were far more glamorous and doomed than any of their characters. But without a doubt, Florence’s Bible was Slouching Towards Bethlehem. Admittedly, she spent more time scrolling through photos of Joan Didion in her sunglasses and Corvette Stingray than actually reading her, but the lesson stuck. All she had to do was become a writer, and her alienation would magically transform into evidence of brilliance rather than a source of shame. When she looked into the future, she saw herself at a beautiful desk next to a window, typing her next great book. She could never quite see the words on the screen, but she knew they were brilliant and would prove once and for all that she was special. Everyone would know the name Florence Darrow. And who’d trade that for a condo?

The fundamentalist (or, more accurately, the beleaguered individual who comes to embrace fundamentalism) cannot stand freedom. He cannot find his way into the future, so he retreats to the past. He returns in imagination to the glory days of his race and seeks to reconstitute both them and himself in their purer, more virtuous light. He gets back to basics. To fundamentals. Fundamentalism and art are mutually exclusive. There is no such thing as fundamentalist art. This does not mean that the fundamentalist is not creative. Rather, his creativity is inverted. He creates destruction. Even the structures he builds, his schools and networks of organization, are dedicated to annihilation, of his enemies and of himself. But the fundamentalist reserves his greatest creativity for the fashioning of Satan, the image of his foe, in opposition to which he defines and gives meaning to his own life. Like the artist, the fundamentalist experiences Resistance. He experiences it as temptation to sin. Resistance to the fundamentalist is the call of the Evil One, seeking to seduce him from his virtue. The fundamentalist is consumed with Satan, whom he loves as he loves death. Is it coincidence that the suicide bombers of the World Trade Center frequented strip clubs during their training, or that they conceived of their reward as a squadron of virgin brides and the license to ravish them in the fleshpots of heaven? The fundamentalist hates and fears women because he sees them as vessels of Satan, temptresses like Delilah who seduced Samson from his power. To combat the call of sin, i.e., Resistance, the fundamentalist plunges either into action or into the study of sacred texts. He loses himself in these, much as the artist does in the process of creation. The difference is that while the one looks forward, hoping to create a better world, the other looks backward, seeking to return to a purer world from which he and all have fallen.

Kids shouting and skidding in the playground with no idea what future Hells awaited them: boring jobs and ruinous mortgages and bad marriages and hair loss and hip replacements and lonely cups of coffee in an empty house and a colostomy bag at the hospital. Most people seemed satisfied with the thin decorative glaze and the artful stage lighting that, sometimes, made the bedrock atrocity of the human predicament look somewhat more mysterious or less abhorrent. People gambled and golfed and planted gardens and traded stocks and had sex and bought new cars and practiced yoga and worked and prayed and redecorated their homes and got worked up over the news and fussed over their children and gossiped about their neighbors and pored over restaurant reviews and founded charitable organizations and supported political candidates and attended the U.S. Open and dined and travelled and distracted themselves with all kinds of gadgets and devices, flooding themselves incessantly with information and texts and communication and entertainment from every direction to try to make themselves forget it: where we were, what we were. But in a strong light there was no good spin you could put on it. It was rotten top to bottom. Putting your time in at the office; dutifully spawning your two point five; smiling politely at your retirement party; then chewing on your bedsheet and choking on your canned peaches at the nursing home. It was better never to have been born—never to have wanted anything, never to have hoped for anything.

The American Revolution and its aftermath coincided with two great transformations in the late eighteenth century. In the political sphere, there had been a repudiation of royal rule, fired by a new respect for individual freedom, majority rule, and limited government. If Hamilton made distinguished contributions in this sphere, so did Franklin, Adams, Jefferson, and Madison. In contrast, when it came to the parallel economic upheavals of the period—the industrial revolution, the expansion of global trade, the growth of banks and stock exchanges—Hamilton was an American prophet without peer. No other founding father straddled both of these revolutions—only Franklin even came close—and therein lay Hamilton’s novelty and greatness. He was the clear-eyed apostle of America's economic future, setting forth a vision that many found enthralling, others unsettling, but that would ultimately prevail. He stood squarely on the modern side of a historical divide that seemed to separate him from other founders. Small wonder he aroused such fear and confusion.

JFK asked his brother, Attorney General Robert Kennedy, to break up organized crime. Nobody high-up in government has tangled the Mafia. J. E. Hoover, the hired hands of FBI and CIA, ran the assassination teams. They have been used since World War II. JFK was attempting to end the oil-tax depletion rip-offs, to get tax money from oil companies. JFK instituted the nuclear test ban treaty, often called “the kiss of death,” to oppose the Pentagon. JFK called off the Invasion of Cuba. He allowed Castro to live, antagonized narcotics and gambling, oil and sugar interests, formerly in Cuba. JFK asked his brother, Attorney General Robert Kennedy, to break up the CIA, the “hidden government behind my back.” Allen Dulles was fired. Dulles, the attorney for international multinationals, was angry. JFK planned to withdraw troops from Vietnam after the 1964 elections. Nov. 24, 1963, two days after JFK’s burial, the Pentagon escalated the Vietnam war … with no known provocations, after JFK was gone. There was no chance Kennedy could survive antagonizing the CIA, oil companies, Pentagon, organized crime. He was not their man. The assassination of JFK employed people from the Texas-Southwest. It was not a Southern plot. Upstarts could not have controlled the northern CIA, FBI, Kennedy family connections. This was a more detailed, sophisticated conspiracy that was to set the pattern for future murders to take place. The murder was funded by Permindex, with headquarters in Montreal and Switzerland. Their stated purpose was to encourage trade between nations in the Western world. Their actual purpose was fourfold: 1) To fund and direct assassinations of European, Mid-East and world leaders considered threats to the western world, and to Petroleum Interests of their backers. 2) Provide couriers, agents for transporting and depositing funds through Swiss Banks for Vegas, Miami and the international gambling syndicate. 3) Coordinate the espionage activities of White Russian Solidarists and Division V of the FBI, headed by William Sullivan. 4) Build, acquire and operate hotels and gambling casinos. See: Nomenclature of an Assassination Cabal, by William Torbitt.

HAVE YOU EVER sailed in a longship? Not a stubby, robust knörr laden with trade goods and wallowing like a packhorse across the sea, but a sleek, deathly quick, terror-stirring thing – a dragon ship. Have you ever stood at the bow with the salt wind whipping your hair as Rán’s white-haired daughters cream beneath the beast’s strong, curving chest? Have you travelled the whale road with wind-burnt warriors whose rare skill with axe and sword is a gift from mighty Óðin, Lord of War? Men whose death work feeds the wolf and the eagle and the raven? I have done all this. It has been my life and though it would make those skirt-wearing White Christ followers sick with disgust (and fear, I shouldn’t wonder) I have been happy with my lot. For some men are born closer to the gods than others. By the well of Urd, beneath one of the roots of the great life tree Yggdrasil, the Norns, those sisters of fate, of present and future, take the threads of men’s lives and weave them into patterns full of pain and suffering, glory and riches, and death. And their ancient fingers must have tired at the spinning of my life.

Wisdom and knowledge, as well as virtue, diffused generally among the body of the people being necessary for the preservation of their rights and liberties; and as these depend on spreading the opportunities and advantages of education in various parts of the country, and among the different orders of the people, it shall be the duty of legislators and magistrates in all future periods of this commonwealth to cherish the interests of literature and the sciences, and all seminaries of them, especially the university at Cambridge, public schools, and grammar schools in the towns; to encourage private societies and public institutions, rewards and immunities, for the promotion of agriculture, arts, sciences, commerce, trades, manufactures, and a natural history of the country; to countenance and inculcate the principles of humanity and general benevolence, public and private charity, industry and frugality, honesty and punctuality in their dealings, sincerity, good humor, and all social affections, and generous sentiments among the people.   “It was, in all,” writes McCullough, “a declaration of Adams’s faith in education as the bulwark of the good society, the old abiding faith of his Puritan forebears.

It is too soon to say when or how this era will end or what will succeed it. But what is clear is that a good many of the trends are worrisome. If, for example, a Sino-American cold war materializes, it is quite possible this era may come to be known as the inter–Cold War era, one bookended by the U.S.-Soviet Cold War and one between the United States and China. Such an outcome would result in lower rates of economic growth for both because trade and investment would inevitably be curtailed. It would also reduce the potential for cooperation on regional and global issues. If the liberal world order is sustained and strengthened with the United States resuming a leading role, this could continue to be an era largely characterized by stability, prosperity, and freedom. It is possible, though, that the United States will choose to largely abandon its leading role in the world. In this case, we could in principle see an era of Chinese primacy, but given China’s character, internal constraints, and the nature and scale of the domestic challenges it faces, this is improbable. More likely is that this will turn out to be an era of deterioration, one in which no country or group of countries exercises effective global leadership. In that case, the future would be one of accelerating global disorder.

Probably the first book that Hamilton absorbed was Malachy Postlethwayt’s Universal Dictionary of Trade and Commerce, a learned almanac of politics, economics, and geography that was crammed with articles about taxes, public debt, money, and banking. The dictionary took the form of two ponderous, folio-sized volumes, and it is touching to think of young Hamilton lugging them through the chaos of war. Hamilton would praise Postlethwayt as one of “the ablest masters of political arithmetic.” A proponent of manufacturing, Postlethwayt gave the aide-de-camp a glimpse of a mixed economy in which government would both steer business activity and free individual energies. In the pay book one can see the future treasury wizard mastering the rudiments of finance. “When you can get more of foreign coin, [the] coin for your native exchange is said to be high and the reverse low,” Hamilton noted. He also stocked his mind with basic information about the world: “The continent of Europe is 2600 miles long and 2800 miles broad”; “Prague is the principal city of Bohemia, the principal part of the commerce of which is carried on by the Jews.” He recorded tables from Postlethwayt showing infant-mortality rates, population growth, foreign-exchange rates, trade balances, and the total economic output of assorted nations.

Much of the so-called environmental movement today has transmuted into an aggressively nefarious and primitive faction. In the last fifteen years, many of the tenets of utopian statism have coalesced around something called the “degrowth” movement. Originating in Europe but now taking a firm hold in the United States, the “degrowthers,” as I shall characterize them, include in their ranks none other than President Barack Obama. On January 17, 2008, Obama made clear his hostility toward, of all things, electricity generated from coal and coal-powered plants. He told the San Francisco Chronicle, “You know, when I was asked earlier about the issue of coal . . . under my plan of a cap and trade system, electricity rates would necessarily skyrocket. . . .”3 Obama added, “. . . So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they’re going to be charged a huge sum for all the greenhouse gas that’s being emitted.”4 Degrowthers define their agenda as follows: “Sustainable degrowth is a downscaling of production and consumption that increases human well-being and enhances ecological conditions and equity on the planet. It calls for a future where societies live within their ecological means, with open localized economies and resources more equally distributed through new forms of democratic institutions.”5 It “is an essential economic strategy to pursue in overdeveloped countries like the United States—for the well-being of the planet, of underdeveloped populations, and yes, even of the sick, stressed, and overweight ‘consumer’ populations of overdeveloped countries.”6 For its proponents and adherents, degrowth has quickly developed into a pseudo-religion and public-policy obsession. In fact, the degrowthers insist their ideology reaches far beyond the environment or even its odium for capitalism and is an all-encompassing lifestyle and governing philosophy. Some of its leading advocates argue that “Degrowth is not just an economic concept. We shall show that it is a frame constituted by a large array of concerns, goals, strategies and actions. As a result, degrowth has now become a confluence point where streams of critical ideas and political action converge.”7 Degrowth is “an interpretative frame for a social movement, understood as the mechanism through which actors engage in a collective action.”8 The degrowthers seek to eliminate carbon sources of energy and redistribute wealth according to terms they consider equitable. They reject the traditional economic reality that acknowledges growth as improving living conditions generally but especially for the impoverished. They embrace the notions of “less competition, large scale redistribution, sharing and reduction of excessive incomes and wealth.”9 Degrowthers want to engage in polices that will set “a maximum income, or maximum wealth, to weaken envy as a motor of consumerism, and opening borders (“no-border”) to reduce means to keep inequality between rich and poor countries.”10 And they demand reparations by supporting a “concept of ecological debt, or the demand that the Global North pays for past and present colonial exploitation in the Global South.”11

During the boisterous years of my youth nothing used to damp my wild spirits so much as to think that I was born at a time when the world had manifestly decided not to erect any more temples of fame except in honour of business people and State officials. The tempest of historical achievements seemed to have permanently subsided, so much so that the future appeared to be irrevocably delivered over to what was called peaceful competition between the nations. This simply meant a system of mutual exploitation by fraudulent means, the principle of resorting to the use of force in self-defence being formally excluded. Individual countries increasingly assumed the appearance of commercial undertakings, grabbing territory and clients and concessions from each other under any and every kind of pretext. And it was all staged to an accompaniment of loud but innocuous shouting. This trend of affairs seemed destined to develop steadily and permanently. Having the support of public approbation, it seemed bound eventually to transform the world into a mammoth department store. In the vestibule of this emporium there would be rows of monumental busts which would confer immortality on those profiteers who had proved themselves the shrewdest at their trade and those administrative officials who had shown themselves the most innocuous. The salesmen could be represented by the English and the administrative functionaries by the Germans; whereas the Jews would be sacrificed to the unprofitable calling of proprietorship, for they are constantly avowing that they make no profits and are always being called upon to 'pay out'. Moreover they have the advantage of being versed in the foreign languages. Why could I not have been born a hundred years ago? I used to ask myself. Somewhere about the time of the Wars of Liberation, when a man was still of some value even though he had no 'business'. Thus I used to think it an ill-deserved stroke of bad luck that I had arrived too late on this terrestrial globe, and I felt chagrined at the idea that my life would have to run its course along peaceful and orderly lines. As a boy I was anything but a pacifist and all attempts to make me so turned out futile.

One of the things that most tormented him indeed in this recent existence was a perpetual pricking sense of the contrast between this small world of his ancestral possessions and traditions, with all its ceremonial and feudal usage, and the great rushing world outside it of action and of thought. Do what he would, he could not un-king himself within the limits of the Maxwell estate. To the people living upon it he was the man of most importance within their ken, was inevitably their potentate and earthly providence. He confessed that there was a real need of him, if he did his duty. But on this need the class-practice of generations had built up a deference, a sharpness of class-distinction, which any modern must find more and more irksome in proportion to his modernness. What was in Aldous's mind, as he stood with drawn brows looking out over the view which showed him most of his domain, was a sort of hot impatience of being made day by day, in a hundred foolish ways, to play at greatness. Yet, as we know, he was no democrat by conviction, had no comforting faith in what seemed to him the rule of a multitudinous ignorance. Still every sane man of to-day knows, at any rate, that the world has taken the road of democracy, and that the key to the future, for good or ill, lies not in the revolts and speculations of the cultivated few, but in the men and movements that can seize the many. Aldous's temper was despondently critical towards the majority of these, perhaps; he had, constitutionally, little of that poet's sympathy with the crowd, as such, which had given Hallin his power. But, at any rate, they filled the human stage—these men and movements—and his mind as a beholder. Beside the great world-spectacle perpetually in his eye and thought, the small old-world pomps and feudalisms of his own existence had a way of looking ridiculous to him. He constantly felt himself absurd. It was ludicrously clear to him, for instance, that in this kingdom he had inherited it would be thought a huge condescension on his part if he were to ask the secretary of a trades union to dine with him at the Court. Whereas, in his own honest opinion, the secretary had a far more important and interesting post in the universe than he.

A beautiful example of a long-term intention was presented by A. T. Ariyaratane, a Buddhist elder, who is considered to be the Gandhi of Sri Lanka. For seventeen years there had been a terrible civil war in Sri Lanka. At one point, the Norwegians were able to broker peace, and once the peace treaty was in effect, Ariyaratane called the followers of his Sarvodaya movement together. Sarvodaya combines Buddhist principles of right livelihood, right action, right understanding, and compassion and has organized citizens in one-third of that nation’s villages to dig wells, build schools, meditate, and collaborate as a form of spiritual practice. Over 650,000 people came to the gathering to hear how he envisioned the future of Sri Lanka. At this gathering he proposed a five-hundred-year peace plan, saying, “The Buddha teaches we must understand causes and conditions. It’s taken us five hundred years to create the suffering that we are in now.” Ari described the effects of four hundred years of colonialism, of five hundred years of struggle between Hindus, Muslims, and Buddhists, and of several centuries of economic disparity. He went on, “It will take us five hundred years to change these conditions.” Ariyaratane then offered solutions, proposing a plan to heal the country. The plan begins with five years of cease-fire and ten years of rebuilding roads and schools. Then it goes on for twenty-five years of programs to learn one another’s languages and cultures, and fifty years of work to right economic injustice, and to bring the islanders back together as a whole. And every hundred years there will be a grand council of elders to take stock on how the plan is going. This is a sacred intention, the long-term vision of an elder. In the same way, if we envision the fulfillment of wisdom and compassion in the United States, it becomes clear that the richest nation on earth must provide health care for its children; that the most productive nation on earth must find ways to combine trade with justice; that a creative society must find ways to grow and to protect the environment and plan sustainable development for generations ahead. A nation founded on democracy must bring enfranchisement to all citizens at home and then offer the same spirit of international cooperation and respect globally. We are all in this together.

Revitalized and healthy, I started dreaming new dreams. I saw ways that I could make a significant contribution by sharing what I’ve learned. I decided to refocus my legal practice on counseling and helping start-up companies avoid liability and protect their intellectual property. To share some of what I know, I started a blog, IP Law for Startups, where I teach basic lessons on trade secrets, trademarks, copyrights, and patents and give tips for avoiding the biggest blunders that destroy the value of intellectual assets. Few start-up companies, especially women-owned companies that rarely get venture capital funding, can afford the expensive hourly rates of a large law firm to the get the critical information they need. I feel deeply rewarded when I help a company create a strategy that protects the value of their company and supports their business dreams. Further, I had a dream to help young women see their career possibilities. In partnership with my sister, Julie Simmons, I created lookilulu.com, a website where women share their insights, career paths, and ways they have integrated motherhood with their professional pursuits. When my sister and I were growing up on a farm, we had a hard time seeing that women could have rewarding careers. With Lookilulu® we want to help young women see what we couldn’t see: that dreams are not linear—they take many twists and unexpected turns. As I’ve learned the hard way, dreams change and shift as life happens. I’ve learned the value of continuing to dream new dreams after other dreams are derailed. I’m sure I’ll have many more dreams in my future. I’ve learned to be open to new and unexpected opportunities. By way of postscript, Jill writes, “I didn’t grow up planning to be lawyer. As a girl growing up in a small rural town, I was afraid to dream. I loved science, but rather than pursuing medical school, I opted for low-paying laboratory jobs, planning to quit when I had children. But then I couldn’t have children. As I awakened to the possibility that dreaming was an inalienable right, even for me, I started law school when I was thirty; intellectual property combines my love of law and science.” As a young girl, Jill’s rightsizing involved mustering the courage to expand her dreams, to dream outside of her box. Once she had children, she again transformed her dreams. In many ways her dreams are bigger and aim to help more people than before the twists and turns in her life’s path.

And, so, what was it that elevated Rubi from dictator's son-in-law to movie star's husband to the sort of man who might capture the hand of the world's wealthiest heiress? Well, there was his native charm. People who knew him, even if only casually, even if they were predisposed to be suspicious or resentful of him, came away liking him. He picked up checks; he had courtly manners; he kept the party gay and lively; he was attentive to women but made men feel at ease; he was smoothly quick to rise from his chair when introduced, to open doors, to light a lady's cigarette ("I have the fastest cigarette lighter in the house," he once boasted): the quintessential chivalrous gent of manners. The encomia, if bland, were universal. "He's a very nice guy," swore gossip columnist Earl Wilson, who stayed with Rubi in Paris. ""I'm fond of him," said John Perona, owner of New York's El Morocco. "Rubi's got a nice personality and is completely masculine," attested a New York clubgoer. "He has a lot of men friends, which, I suppose, is unusual. Aly Khan, for instance, has few male friends. But everyone I know thinks Rubi is a good guy." "He is one of the nicest guys I know," declared that famed chum of famed playboys Peter Lawford. "A really charming man- witty, fun to be with, and a he-man." There were a few tricks to his trade. A society photographer judged him with a professional eye thus: "He can meet you for a minute and a month later remember you very well." An author who played polo with him put it this way: "He had a trick that never failed. When he spoke with someone, whether man or woman, it seemed as if the rest of the world had lost all interest for him. He could hang on the words of a woman or man who spoke only banalities as if the very future of the world- and his future, especially- depended on those words." But there was something deeper to his charm, something irresistible in particular when he turned it on women. It didn't reveal itself in photos, and not every woman was susceptible to it, but it was palpable and, when it worked, unforgettable. Hollywood dirt doyenne Hedda Hoppe declared, "A friend says he has the most perfect manners she has ever encountered. He wraps his charm around your shoulders like a Russian sable coat." Gossip columnist Shelia Graham was chary when invited to bring her eleven-year-old daughter to a lunch with Rubi in London, and her wariness was transmitted to the girl, who wiped her hand off on her dress after Rubi kissed it in a formal greeting; by the end of lunch, he had won the child over with his enthusiastic, spontaneous manner, full of compliments but never cloying. "All done effortlessly," Graham marveled. "He was probably a charming baby, I am sure that women rushed to coo over him in the cradle." Elsa Maxwell, yet another gossip, but also a society gadabout and hostess who claimed a key role in at least one of Rubi's famous liaisons, put it thus: "You expect Rubi to be a very dangerous young man who personifies the wolf. Instead, you meet someone who is so unbelievably charming and thoughtful that you are put off-guard before you know it." But charm would only take a man so far. Rubi was becoming and international legend not because he could fascinate a young girl but because he could intoxicate sophisticated women. p124

GCHQ has traveled a long and winding road. That road stretches from the wooden huts of Bletchley Park, past the domes and dishes of the Cold War, and on towards what some suggest will be the omniscient state of the Brave New World. As we look to the future, the docile and passive state described by Aldous Huxley in his Brave New World is perhaps more appropriate analogy than the strictly totalitarian predictions offered by George Orwell's Nineteen Eighty-Four. Bizarrely, many British citizens are quite content in this new climate of hyper-surveillance, since its their own lifestyle choices that helped to create 'wired world' - or even wish for it, for as we have seen, the new torrents of data have been been a source of endless trouble for the overstretched secret agencies. As Ken Macdonald rightly points out, the real drives of our wired world have been private companies looking for growth, and private individuals in search of luxury and convenience at the click of a mouse. The sigint agencies have merely been handed the impossible task of making an interconnected society perfectly secure and risk-free, against the background of a globalized world that presents many unprecedented threats, and now has a few boundaries or borders to protect us. Who, then, is to blame for the rapid intensification of electronic surveillance? Instinctively, many might reply Osama bin Laden, or perhaps Pablo Escobar. Others might respond that governments have used these villains as a convenient excuse to extend state control. At first glance, the massive growth of security, which includes includes not only eavesdropping but also biometric monitoring, face recognition, universal fingerprinting and the gathering of DNA, looks like a sad response to new kinds of miscreants. However, the sad reality is that the Brave New World that looms ahead of us is ultimately a reflection of ourselves. It is driven by technologies such as text messaging and customer loyalty cards that are free to accept or reject as we choose. The public debate on surveillance is often cast in terms of a trade-off between security and privacy. The truth is that luxury and convenience have been pre-eminent themes in the last decade, and we have given them a much higher priority than either security or privacy. We have all been embraced the world of surveillance with remarkable eagerness, surfing the Internet in a global search for a better bargain, better friends, even a better partner. GCHQ vast new circular headquarters is sometimes represented as a 'ring of power', exercising unparalleled levels of surveillance over citizens at home and abroad, collecting every email, every telephone and every instance of internet acces. It has even been asserted that GCHQ is engaged in nothing short of 'algorithmic warfare' as part of a battle for control of global communications. By contrast, the occupants of 'Celtenham's Doughnut' claim that in reality they are increasingly weak, having been left behind by the unstoppable electronic communications that they cannot hope to listen to, still less analyse or make sense of. In fact, the frightening truth is that no one is in control. No person, no intelligence agency and no government is steering the accelerating electronic processes that may eventually enslave us. Most of the devices that cause us to leave a continual digital trail of everything we think or do were not devised by the state, but are merely symptoms of modernity. GCHQ is simply a vast mirror, and it reflects the spirit of the age.

Consider a world in which cause and effect are erratic. Sometimes the first precedes the second, sometimes the second the first. Or perhaps cause lies forever in the past while effect in the future, but future and past are entwined. On the terrace of the Bundesterrasse is a striking view: the river Aare below and the Bernese Alps above. A man stands there just now, absently emptying his pockets and weeping. Without reason, his friends have abandoned him. No one calls any more, no one meets him for supper or beer at the tavern, no one invites him to their home. For twenty years he has been the ideal friend to his friends, generous, interested, soft-spoken, affectionate. What could have happened? A week from this moment on the terrace, the same man begins acting the goat, insulting everyone, wearing smelly clothes, stingy with money, allowing no one to come to his apartment on Laupenstrasse. Which was cause and which effect, which future and which past? In Zürich, strict laws have recently been approved by the Council. Pistols may not be sold to the public. Banks and trading houses must be audited. All visitors, whether entering Zürich by boat on the river Limmat or by rail on the Selnau line, must be searched for contraband. The civil military is doubled. One month after the crackdown, Zürich is ripped by the worst crimes in its history. In daylight, people are murdered in the Weinplatz, paintings are stolen from the Kunsthaus, liquor is drunk in the pews of the Münsterhof. Are these criminal acts not misplaced in time? Or perhaps the new laws were action rather than reaction? A young woman sits near a fountain in the Botanischer Garten. She comes here every Sunday to smell the white double violets, the musk rose, the matted pink gillyflowers. Suddenly, her heart soars, she blushes, she paces anxiously, she becomes happy for no reason. Days later, she meets a young man and is smitten with love. Are the two events not connected? But by what bizarre connection, by what twist in time, by what reversed logic? In this acausal world, scientists are helpless. Their predictions become postdictions. Their equations become justifications, their logic, illogic. Scientists turn reckless and mutter like gamblers who cannot stop betting. Scientists are buffoons, not because they are rational but because the cosmos is irrational. Or perhaps it is not because the cosmos is irrational but because they are rational. Who can say which, in an acausal world? In this world, artists are joyous. Unpredictability is the life of their paintings, their music, their novels. They delight in events not forecasted, happenings without explanation, retrospective. Most people have learned how to live in the moment. The argument goes that if the past has uncertain effect on the present, there is no need to dwell on the past. And if the present has little effect on the future, present actions need not be weighed for their consequence. Rather, each act is an island in time, to be judged on its own. Families comfort a dying uncle not because of a likely inheritance, but because he is loved at that moment. Employees are hired not because of their résumés, but because of their good sense in interviews. Clerks trampled by their bosses fight back at each insult, with no fear for their future. It is a world of impulse. It is a world of sincerity. It is a world in which every word spoken speaks just to that moment, every glance given has only one meaning, each touch has no past or no future, each kiss is a kiss of immediacy.

Today there is much talk about democratic ideals in the outside world. But not in Germany! For here in Germany we had more than enough time-fifteen years-to acquaint ourselves with these democratic ideals. And we ourselves had to pick up the legacy left behind by this democracy. Now we are being credited with many a truly astounding war aim, especially by the English. After all, England is quite experienced in issuing proclamations of objectives in warfare as it has waged the greatest number of wars the world over. Truly astounding are the war aims announced to us today. A new Europe will arise. This Europe will be characterized by justice. This justice will render armament obsolete. This will lead to disarmament at last. This disarmament in turn will bring about an economic blossoming. Change and trade will spring up-much trade-free trade. And with the sponsorship of this trade, culture shall once more blossom, and not only culture will benefit, but religion will also prosper. In other words: we are heading towards a golden age! Well, we have heard of this golden age before. Many times precisely the same people attempted to illustrate its virtues to us who are now flooding us with descriptions of its benefits. The records are old ones, played once too often. We can only pity these gentlemen who cannot even come up with a new idea to trap a great people. For all this they had already promised us in 1918. Then, too, England’s objectives in the war were the creation of this “new Europe,” the establishment of a “new justice,” of which the “right to selfdetermination of the peoples” was to form an integral part. Back then already they promised us justice to render obsolete-for all time-the bearing of any sort of weaponry. Back then already they submitted to us a program for disarmament-one for global disarmament. To make this disarmament more evident, it was to be crowned by the establishment of an association of nations bearing no arms. These were to settle their differences in the future-for even back then there was no doubt that differences would still arise-by talking them to death in discussion and debate, just as is the custom in democratic states. There would be no more shooting under any circumstances! In 1918, they declared a blessed and pious age to come! What came to pass in its stead we all lived to see: the old states were destroyed without even as much as asking their citizenry. Historic, ancient structures were severed, not only state bodies but grown economic structures as well, without anything better to take their place. In total disregard of the principle of the right to self-determination of the peoples, the European peoples were hacked to pieces, torn apart. Great states were dissolved. Nations were robbed of their rights, first rendered utterly defenseless and then subjected to a division which left only victors and vanquished in this world. And then there was no more talk of disarmament. To the contrary, armament went on. Nor did any efforts materialize to settle conflicts peacefully. The armed states waged wars just as before. Yet those who had been disarmed were no longer in a position to ward off the aggressions of those well armed. Naturally, this did not herald economic prosperity but, to the contrary, produced a network of lunatic reparations payments which led to increasing destitution for not only the vanquished, but also the so-called victors themselves. The consequences of this economic destitution were felt most acutely by the German Volk. International finance remained brutal and squeezed our Volk ruthlessly. Adolf Hitler – speech in the Sportpalast Berlin, January 30, 1940