White Gold: "Cash Glut Hints at Deeper Issues"

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Saturday, October 29, 2005

"Cash Glut Hints at Deeper Issues"

From the Tribune this morning: new Fed Chairman Ben Bernanke says there's a "global savings glut".

Which means? Which means that one of the things slowing growth (and I would argue it's not just economic but also emotional, creative and spiritual) is that there aren't enough things to invest in--to buy. The big five oil companies alone recorded $33 billion in earnings in the last 3 months. We're making money and sitting on it because we're afraid to move to the next level and invest in what we really want.

So what was the reason you weren't making that movie, that coffeeshop, that social club, that song? Cross money off the list.

My intention is that White Gold will touch off massive personal and corporate investment in the creation of a mature, fun, real 3 dimensional culture. Not because the folks with money are nice (this is big oil after all) but because they see green.

All we need is some artists strong enough to deal.

As long as people buy what they really want, the profit motive works. Call it the prophet motive. It's when they settle or buy scared that everything goes catywampus.

I've got my eye on an almost pink Ralph Lauren corduroy suit. I don't feel like I can afford it, but if I don't live my own mandates, who will.

Scared money don't make love, Money.

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WhiteG.com

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