Whew!!Just saw my first interviewing of Nassim Taleb.
Any one that has read "Black Swan" realizes the man is authentically brilliant, both as a thinker and world class scholar(plus he made a, as he calls it "a modest fortune in 1987", what he said gave him enough wealth to say he had a "F-ck you" level of freedom, and in his FIRST year on the job)
Well as expected he talk was rapid fire, a burst of ideas and summations in a rapid flow, i suspect the interviewrs didn't get what he was saying--ideas flying fast over their heads.
i will state first, he made it clear, ALL THAT HAS HAPPENED is NOT a black swan( if he was in rude mode--which he can be!---he would have said ANY DAMNED FOOL COULD HAVE SEEN THIS COMING, Black Swans one does NOT see coming. So i suggest this thread can be awarded the Nassim Taleb "No Damned Fools Here" seal of approval.:)
For those seeking the interview i can only say it is on Bloomberg TV, i will NOT be seeking out the link, i have heard it and had my mind set to record:)
He says A LOT in a short span
One to get an idea of it, he said it is time for one to throw out ALL their books on finances--IT'S ALL OVER, all will be different ahead.
He stated that capitalism fundamental foundation is WHEN THINGS FAIL LET THEM FAIL AS FAST AS POSSIBLE and the sooner one can start over.
That this idea was UTTERLY IGNORED, draggging out on and on propping a FAILED SYSTEM made this moment all the more horrendous(something i have been saying for at least 5 years) and he point blanks says ALL THESE ATTEMPTS to revive this FAILED SYSTEM will fail.
He also states Nationalization of banks has become a neccessity because people will never trust Banks again.
Bankers LIE, and they will ALWAYS lie.
He is saying what we all know, Russ Winter's thugs/psychopaths/mafia that took over the system has FOREVER DESTROYED it.
And yet Obama advisers are a part of that system.
But Taleb's states it doesn't MATTER, the system is DEAD and all their energy to revive it won't matter (This fits to a "t" my The Humpty-Dumpty Reality rants:)
i interpret this as his saying the sheer grostesqueness the stink of this collapsed Ponzi Scheme of the financials is so strong, it will not fade away, the Bank Monsters now have a the stink of DEATH, they will never be trusted again.
As i see it the WH can yakety yak on and on about future transparency and accountability and to renew the trust of the people in OUR BANKING system while the criminals still rule will get nowhere.
As Sunny Jim said so excellently.
Until Obama declares Citi Group a Terrorist Organization, he simply does NOT get it!
So Rubin, darling of Citigroup, one of Sandy Weill's troopers, is still one of Obama trusted advisers!!!
That means he has caught on to nothing, or worse, he has caught on, but is working WITH them,as they are the power dogs. Max
|
