“Incidentally, I notice that our professors, trying to show off to their students, rant and rail against the State and against Law and Order, while expecting that same State to punctually pay their salaries, pensions, and family allowances, so that they value at least this kind of Law and Order. Make a fist with the left hand and open the right hand receptively—that is how one gets through Life. [But when] society involves the Anarch in a conflict in which he does not participate inwardly, it challenges him to launch an opposition. He will try to turn the lever with which society moves him. Society is then at his disposal, say, as a stage for grand spectacles that are devised for him. Everything changes; the fetter becomes fascinating, danger an adventure, a suspenseful task.”-Ernst Jünger, Eumeswil, ca. 1977
“We do need models and mathematics – you cannot think about finance and economics without them – but one must never forget that models are not the world. Whenever we make a model of something involving human beings, we are trying to force the ugly stepsister’s foot into Cinderella’s pretty glass slipper. It doesn’t fit without cutting off some essential parts. And in cutting off parts for the sake of beauty and precision, models inevitably mask the true risk rather than exposing it. The most important question about any financial model is how wrong it is likely to be, and how useful it is despite its assumptions. You must start with models and then overlay them with common sense and experience.
Many academics imagine that one beautiful day we will find the ‘right’ model. But there is no right model, because the world changes in response to the ones we use. Progress in financial modeling is fleeting and temporary. Markets change and newer models become necessary. Simple clear models with explicit assumptions about small numbers of variables are therefore the best way to leverage your intuition without deluding yourself.
All models sweep dirt under the rug. A good model makes the absence of the dirt visible. In this regard, we believe that the Black-Scholes model of options valuation, now often unjustly maligned, is a model for models; it is clear and robust. Clear, because it is based on true engineering; it tells you how to manufacture an option out of stocks and bonds and what that will cost you, under ideal dirt-free circumstances that it defines. Its method of valuation is analogous to figuring out the price of a can of fruit salad from the cost of fruit, sugar, labor and transportation. The world of markets doesn’t exactly match the ideal circumstances Black-Scholes requires, but the model is robust because it allows an intelligent trader to qualitatively adjust for those mismatches. You know what you are assuming when you use the model, and you know exactly what has been swept out of view.
Building financial models is challenging and worthwhile: you need to combine the qualitative and the quantitative, imagination and observation, art and science, all in the service of finding approximate patterns in the behavior of markets and securities. The greatest danger is the age-old sin of idolatry. Financial markets are alive but a model, however beautiful, is an artifice. No matter how hard you try, you will not be able to breathe life into it. To confuse the model with the world is to embrace a future disaster driven by the belief that humans obey mathematical rules.
“MODELERS OF ALL MARKETS, UNITE! You have nothing to lose but your illusions.”-Emanuel Derman and Paul Wilmot, The Financial Modelers’ Manifesto, ca. 2009
Here is the entire bibliographical reference containing the current list of books, treatises, pamphlets and other documents which went into creating The Work-Standard and now The Third Place:
- The Federalist Papers, specifically the ones written by Alexander Hamilton and John Jay, are a major influence on the Work-Standard’s relationship with its conceptions of economic planning and taxation. Various documents penned by Hamilton like Report on Manufacturers and Opinion as to the Constitutionality of the Bank of the United States are additional influences. I also consulted a number of peer-reviewed academic journal articles that elaborated into aspects of Hamiltonian Federalism, which proved to be problematic since the authors offered little except for bits and pieces of relevant information. If an opportunity exists, I may be able to share the details as to which ones I had chosen.
- Prussianism and Socialism and Man and Technics were these two treatises that Oswald Spengler had written as his continuations of the final chapters from Volume II of The Decline of the West. Simply put, the exact cause of what will bring about the destruction of Western Civilization are financial, technological and a combination of both. Given my previous experiences as an electrical engineering student (who could have gone into financial engineering as a subdiscipline), it did not take long for me to combine the financial and the technological concepts to perceive Spengler as talking about Fintech (Financial Technology), which was already in its infancy in the 1920s and became more sophisticated by the 1970s and the decades thereafter.
- Ernst Jünger’s 1930 essay “Total Mobilization” and his 1932 treatise, Der Arbeiter, and Martin Heidegger’s Being and Time in places related to the macroeconomic aspects of the Compendium. Those who read the SMP Compendium will know that the “Political Organization Problem” was chosen as an alternative to the more well-known Economic Calculation Problem of Ludwig von Mises and Friedrich von Hayek. It is still amazing how Heidegger and Jünger turned out to be natural replacements of von Mises and von Hayek since the philosophies of Heidegger and von Mises are both related to the philosophy of Edmund Husserl. Husserl’s key contribution to Philosophy was “Phenomenology,” the study of personal experiences and expectations. Like the Economic Calculation Problem, the Political Organization Problem revisited the same issues with economic planning. But unlike the Economic Calculation Problem, which relied on the pseudoscience of Praxeology, the Political Organization Problem employed Psychology.
- Speaking of Psychology, various aspects of Carl Gustav Jung’s work were incorporated into the Work-Standard to buttress the Political Organization Problem as well as provide additional correlations between Spengler’s “Prussian Socialism” and Hamilton’s “American Federalism.” The “Self” from Command-Obedience Account Bookkeeping is derived from the same Jungian conception. The concept of “Synchronicity” in the SMP Compendium is also a Jungian concept. In fact, the Compendium’s discussions about the Y2K Bug, the World Wide Web (WWW), and Ernst Jünger’s “Luminar internet” and “Phonophore smartphone” did rely on a Jungian analysis. The most important of which involved the conceptualization of a Socialist Internet that bears a greater resemblance to Jung’s “Unus Mundus,” which is similar to Nietzsche’s “Eternal Recurrence.”
- Technology-related discussions, when they were not relying on Man and Technics or Der Arbeiter, were influenced by Heidegger’s The Question Concerning Technology and Karl Marx’s “Fragment on Machines.” Other lesser-known influences included the works of Heinz Guderian, Richard Alan Clarke, and Russell Kirk. While those three were subtle, they provided the contextual basis on the implications that the Work-Standard would have on Technology.
- For Guderian, it was Achtung-Panzer!, particularly the analytical insight into military technologies and how they interact with military tradition if enabled by the Work-Standard. For Clarke, Your Government Failed You, Cyberwar, and Warnings provided the basis behind the limitations of the Work-Standard’s “Mechanization Rate,” “Economic Socialization” and “Cyberwarfare” by contributing to its art of “Financial Warfare.” As for Kirk, The Conservative Mind contributed to the Work-Standard’s adherence to revolutionary technologies being synchronized with traditional cultures, supporting its advocacy for a Socialistic conception of Property.
- Speaking of Guderian, he was very helpful with the Traditions and Innovations of Mission-Type Economic Planning (MTEP) for MAFVs, MATVs, MARVs, A-Wings and C-Wings. When combined with Carl Jung, Mary Perkins Ryan, Richard David Wolff, and Alfred Becker, the Socialist Student Economy (SSE) can now construct Household Appliances, Parent-Teacher Cooperatives, Homeworker Details, and Homebuilder Commands, Toy Manufactories, Paramilitary Sporting Goods Retailing.
- And speaking of Clarke, there’s Cassandra Coefficient, Third World Ideologies Diagram, Korean Mousetrap, and Digitization of Political Organization Problem.
- While Marxist Theory does not figure prominently in the SMP Compendium, I still recognized the need to ensure that the Work-Standard can be reapplied in a Marxist context, hence the “Marxist Socialism/Non-Marxist Socialism Distinction.” Some of the works penned by Vladimir Lenin were influential in discussions about Economism, Vanguardism, Democratic Centralism, Kitchen Debate, New Economic Policy (NEP), Aesopian Language, Cultural Imperialism, and Cooperatives.
- All discussions of Chairman Mao’s Combat Liberalism, Critique of Soviet Economy, Critique of Josef Stalin’s Economic Problems of Socialism in the USSR, and Little Red Book are reinterpreted in a more appropriately Conservative context, together with Arthur Moeller’s van den Bruck’s Third Reich and Russell Kirk’s Conservative Mind.
- Another influence from Leninist philosophy involved finding those with aspects of Immanuel Kant and Friedrich Nietzsche. For Kant, that was the Work-Standard’s Work Theory of Value (WTV), Constitutional Intents and Constitutional Obligations, Legal Duties and Legal Rights, and Democratic Centralism in Council Democracy.
- For Nietzsche, Lenin’s Revolutionary Vanguard is the Übermensch from Also Sprach Zarathustra, the Anti-Imperialism from Imperialism, The Highest State of Capitalism being related to the Eternal Recurrence from The Gay Science, especially when paired with the Maoist concept of “Social Imperialism” (what Lenin called “Socialism in words, Imperialism in deeds”). Georg Wilhelm Friedrich Hegel was an obvious one because Lenin’s more philosophical works such as Philosophical Notebooks wherein he was insisting that Marxist Socialisms ought to become more familiar with Hegelian philosophy.
- Hannah Arendt, a student of Heidegger, was influential in understanding the Work-Standard’s interactions with Council Democracy. The works in question are The Human Condition and On Revolution. The former provides the argument that the Work-Standard is a Western conception of finance with planetary-wide implications, supporting Lenin’s thesis from Imperialism. Thus, she became my authoritative guide on Totalitarianism, LER (Life-Energization Reciprocity), LERE (Life-Energization Reciprocal Electrification), Banality of Evil, and Pan-Germanic Socialism in particular.
- Human Condition and On Revolution formed the philosophical basis discussed promoted by Arendt about why America was once a Council Democracy in the Socialist sense when Hamilton and the Federalists were in power. This is important because Congress has always been understood as a Parliamentary Democracy. Her advocacy for America to revisit Council Democracy supports the Compendium arguments in favor of a convergence between the economic and the financial by the political.
- Carl Schmitt’s Concept of the Political, Political Theology, and Nomos of the Earth. His ideas have influenced the Work-Standard’s functions in National Emergencies, International Law, and Cooperatives. His “State of Exception” is given an additional dimension involving young people as being integral to the future of the nation through their “Socialist Student Economy” (SSE) and its role in Continuity of Government (COG) operations DUSC (Deep Underground Shopping Center) and the Germanic Shopping Citadel. The World State Organization (WSO) and its reign over the Heliopolis International Internet are an attempt at realizing another Nomos, an ‘interplanetary Unus Mundus’ in which the digital realm becomes an extension of the physical one, in addition to defining the rules of engagement in applications of Financial Warfare within the realm of Clarke’s specialty, Cyberwarfare.
- For the Socialist Student Economy (SSE), I can cite the Patron Saints of Catholic Education, Mary Perkins Ryan, and other Catholic Saints whose Vocations had taken them to these United States. They have particularly been helpful in trying to determine the limitations of Productive Property and Personal Property with regard to the Catholic Church as well why clergy, religious, armed forces, medical and educational professions should be considered among the highest contributors of Arbeit and generators of Geld.
- Mary Perkins Ryan was the one who came up with Total Educational Effort (TEE), the Household-as-Workshop and Household-as-Museum, the Housewife and Househusband, Regulation Uniform, and Prussian Maid Cafeteria.
- The Work-Standard’s concept of the “Equipmentality,” despite the term itself being Heideggerian in origin, was not possible without some insight from Dr. Karl Polanyi’s “Fictitious Commodities” in The Great Transformation. Together with Arendt’s works, Dr. Polanyi was also helpful in conceptualizing the “Life-Energy” for “contributions of Arbeit” within the LER (Life-Energization Reciprocity) process and the “Digital Arbeit” of its subvariant, LERE (Life-Energization Reciprocal Electrification). As for the “Military Arbeit,” I had to go back to Kirk, Guderian, Clarke, and Jünger.
- The Work-Standard’s ability to distinguish Arbeit and Geld from Kapital and Schuld, especially in contexts where the Gold and Silver Standards (“Bimetallism”) were concerned, relied on the conclusions of Joseph Schumpeter. Schumpeter was one who provided the historical basis behind Plato and Aristotle as the ones responsible for contributing to the Western world’s problems with Kapital and Schuld. This ties in with why the Work-Standard insists that Kapital and Schuld are ‘being created out of thin air’ in a “Creative Destruction” of other Kapital and Schuld by a “Fractional-Reserve Banking System,” thereby justifying the need for a “Reciprocal-Reserve Banking System.” The term “Creative Destruction” did not originate with Schumpeter because it was his version of the original conception in the works of Werner Sombart.
- Werner Sombart came up with the concept of “Late-Stage Capitalism,” which has been repurposed by me to yield the Death of Bretton Woods.
- For Viktor Gruen’s Germanic Shopping Citadel and go beyond where he had failed, I needed to push beyond the limits of my own imagination. A very potent cocktail of ideas drawn from Mary Perkins Ryan, Patrick Henry, Alexander Hamilton, Oswald Spengler, Hannah Arendt, Vladimir Lenin, Chairman Mao, Che Guevara, Fidel Castro, Kim Il-Sung, Samantha Reed Smith, Karl Otto Paetel, Ron Jones, Solomon Perel, Carl Jung and Rudolf Jung, Richard Alan Clarke, Heinz Guderian, David Hahn, Russell Kirk, 1960s Counterculture, Richard Wagner’s Tannhauser Legend, and Nietzsche’s Blonde Bestie to yield the “Are Traps Gay?”, Sensitive Compartmented Information (SCI), Special Access Program (SAP), Kompromat, Cultural War, Cultural Revolution, Student Government, Student Ambassador, Student Diplomat, Student Intelligence Corps and Prefects, Youth Paramilitary Sporting Group, Parent-Teacher Cooperative, and Jungfrau.
- I also have a number of known historical figures in American history like Daniel Webster, Edward Bellamy, Theodore Roosevelt, Thorstein Veblen and Gore Vidal. With the obvious exception of Vidal, the other four Americans spent one part of their lives in the 19th century.
- Webster opposed Slavery just as he also opposed both sides of that same issue, arguing in favor of the American Union to remain united over any controversial political issue. Bellamy advocated for the coalescence of American Nationalism and American Socialism in Looking Backward, a coalescence which was later attempted by Roosevelt (unlike his cousin, Franklin Delano).
- Veblen and Vidal were on similar wavelengths as those men advocated for the Eternal Return to the Original American Essence of Hamiltonian Federalism. The former articulated the Prussian influences behind Hamiltonian Federalism in domestic policy, given that American Consumerism and Producerism are Jeffersonian in origin. The latter intuited the Prussian influences behind Hamiltonian Federalism in foreign policy, given American Isolationism and Internationalism are also Jeffersonian in origin.
- FBI Director J. Edgar Hoover and M. Edgar Hoover (his crossdressing Alter Ego), inspired me to create more sophisticated EGOs (Extracurricular Guild Occupations), LRCTI (Left-Right-Center-Transpolitical-Independent) Communiqué, Political-Economic Crossdressing, and “Social-Democracy = Fascism.”
- Rudolf Jung and Carl Jung, Christopher Simpson and Edward Bernays, J. Edgar Hoover and M. Edgar Hoover, Vladimir Vernadsky and Father Pierre Teilhard de Chardin, SJ, the Postmodernist Philosophers and Kita Ikki (the Japanese Shogun Socialist [Read: Traditionalist Socialist] who wrote Kokutairon and Pure Socialism) are definitely the most hardcore and volatile sources for Financial Engineering. With the Dark Arts of Weltanschauungskrieg and Financial Warfare, the works of those men ought to be handled with extreme care, which meant lining their Arbeit and Geld in 24 Karat Gold.
- Thanks Mr. Jung from Switzerland and Mr. Jung from Bohemia, I have been able to decipher the personalities of the “Real Housewives of ____ Socialism,” but there were other personalities that those two men have been able to provide me with loads of historical evidence for specific individuals in the American Way of Life.
Seriously, I am confident in my assertions that I’ve struck the Metaphysical Motherlode inside the Noosphere, Jenseitswelt, Venusberg, or the “Collective Unconsciousness” as Carl Jung called it. While I am currently inside of the Noosphere, I can proceed to the more obscure corners of world history and unlock all metaphysical doors that I have never been able to open for the past ten years.
- Only here can I finally begin to discover the Metaphysical Doppelgänger of Richard Nixon, Dwight Eisenhower, Charles Luciano(!), the Commission(!), Grover Cleveland, Donald John Trump, Rudy Giuliani, Richard David Wolff, Michael Lind, Newt Gingrich, Michael John and Christian Parenti (aka “Parenti the Elder” and “Parenti the Younger” respectively), Léon Degrelle(!), George Soros(!), Lin-Manuel Miranda(!), Friedrich von Hayek(!), Milton Friedman(!), Murray Rothbard(!), Ayn Rand(!), Francis Fukuyama(!), Henry Kissinger(!), and countless others.
“Make no mistake, the [Death of Bretton Woods] is not yet ended. No matter how you interpret it, as senseless or significant, as a failure or as an auspicious beginning, as the prelude to a [Revolution in Financial Affairs] or merely as [the Reagan Revolution in these United States], the fact remains that we are in the midst of a crisis. And like everything organic, like every disease, this crisis will follow a more or less typical course that cannot be influenced by artificial means. In the light of this fact such ethical distinctions as ‘just cause’ and ‘treachery’ are quite worthless. From now on, [one] must have expert knowledge of human nature; they must be able to grasp and exploit the immediate situation with deliberateness and sobriety. Instead of practicing the ancient art of diplomatic psychology on diplomats and sovereigns, [one] must learn to apply it to the mass mind, which responds much more rapidly to errors of tact.
Popular leaders, even those of mediocre intelligence, have an infallible knack for this sort of thing. The lack of instinct shown by our present political leaders is perhaps best explained by the typical [t]horoughness of their ‘theoretical’ training [in the OECD-Type Student Economy]. The truly popular leader must have an absolutely accurate sense of the duration, the tempo, the rhythm, the crescendo and decrescendo of each phase of the situation; one false move and he will lose all control. What is more, he must know exactly which factors he can control, and which ones he must allow to run their course, waiting out the time when he can exploit them in a broader context or, by skillful manipulation, steer them in the direction he deems necessary. Great revolutionaries have always possessed the tactical know-how of great generals. For an army, the prevailing mood of a single hour can spell victory or defeat.”-Oswald Spengler, Prussianism and Socialism, ca. 1919
“He [gave Geld] to each boy. ‘[Form] the [Socialist] World Order. It [is all] yours [in exchange for your Arbeit].’”-Richard Alan Clarke, Pinnacle Event: A Novel, ca. 2015
Categories: Third Place