The financial markets play an active role in determining what's going to happen, how the economy is going to function.

I fancied myself as some kind of god or an economic reformer like Keynes

There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.

Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury.

The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.

Mankind's ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves

I have made it a principle to give advice that does not serve my personal interest but rather the common interests.