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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (70853)12/22/2008 1:37:27 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 74559
 
Also, the Choreographer of Chaos, which is a good name as money is indeed a chaotic system which requires some choreography, did only a couple of things wrong in a simple brief, both of which I pointed out BEFORE the event so it's not hindsight or Monday morning quarterbacking.

The record is right here in SI. Firstly, he was too slow in slashing rates in Y2K. I even thought his motivation might be to help get King George II elected by keeping the squeeze on interest rates to make it tougher for Al Gore to be elected by making things financially more difficult for most voters. His delay in slashing rates resulted in a bigger bust that would otherwise have been the case.

Then, he was a year late in raising rates when it became obvious that swarms of people were going stupid borrowing in speculative excess on houses and other assets. Perhaps that was to help get King George II re-elected [I forget the timing now and don't recall wondering that at the time]. Hmmm, I have now checked and it does indeed look as though he delayed the increase so that King George II would be re-elected on the back of low interest rates.

Here is warning about borrowing and blaming Alan Green$pan for the consequences "I am a mindless zombie - Alan Green$pan made me do it" way back in August 2002 BEFORE the housing bubble got going in a big way. Subject 53236

It's not as though it wasn't obvious that borrowing and blaming Green$pan is a totally stupid thing to do. Any idiot could see it, as I proved.

Blaming Alan Green$pan is like blaming a neighbourhood pusher for a heroin habit, the local bar for an alcohol addiction, tobacco companies for a choice to smoke, a golf course for a fanatical desire to break 100, 90, 80, 70, a television set for causing square eye balls, a doughnut maker for ones diabetes, heart disease and obesity.

Unlike the rest of them, Alan Green$pan's product was an essential part of life = the means of exchange.

Blaming him is ridiculous. Pathetic. Childish. Spoiled brat syndrome. Deadbeat debtors should consider themselves lucky they just go bankrupt instead of being flogged and left in stocks for weeks in the village square.

Mqurice

PS: My secret plan for Qi is for the choreographers to be the dancers themselves, not a Maestro. A self-organizing system which will express the inner secrets of the Cosmos, being no less than the fifth force of the apocalypse - gravity, electromagnetic force, strong and weak forces and consciousness which brings the other four into existence, literally [physics experiments show the observer creates the states of the particles being tested - see Shroedinger's cat for example, which only knew the human was alive if he opened the box].
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