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To: TobagoJack who wrote (41927)	11/22/2003 2:59:33 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Hi Jay. China 1760? What the heck was going on then? I'll have to ask my mate Google. He knows everything. That was many lifetimes ago. Even human evolution has moved on since then, let alone the technological, cultural, legal and other tools overlaid on that new DNA foundation. Plus, the numbers of us are huge compared with then. We are running a never-before experiment. Well, I suppose plenty of technological developments such as fire, spear and wheel had similar consequences in proportion. Evolution has always moved along at a good speed in the human zone. But small hunter gatherer tribes finding themselves safe from lions due to the invention of the spear is a world away from 6 billion high IQ people plugging into cyberspace. We are in uncharted waters. This is boot-strapping writ large. However, some things remain very human. Monkey see, monkey do is how we still do things. So around the world, we are all looking with our darting, beady, monkey eyes, to see what's up and how we can benefit. We are peering into cyberspace for clues as that seems to be where the river of money is flowing. Dabbling in the river is a good thing as far as most people are concerned. Some just want a hut in Montana. But most want to live near the river and have their own little tributaries. People have been studying, experimenting with and developing hydrostatics, hydrodynamics, elastohydrodynamics, Reynolds number, hydrology, viscosity, density and evaporation. In the old days, when the spear was invented, people would simply take a bucket to the river and lug back what they could carry. Now we have engineers somewhere else clicking around in cyberspace with elastohydrodynamics. Look, Google can in a moment inform you about this: wspc.com.sg Now, think of the money river. The Aztecs used to have what they thought was a very sophisticated money system. They dug up gold, with a lot of hard work, and used those rare baubles to swap for other stuff. That was like lugging water 10 miles from a well in a bucket. Which was no doubt a great improvement over having to live right beside the river to drink each time one got thirsty. But lugging water or digging gold is hard yakka. The USA has got elastohydrodynamic money engineers these days. Debt is just another aspect of money. The point with debt is to keep the system below the financial Reynolds Number. I bet Google has something on that too. Hang on.... sure enough ... a minute later... brodylab.eng.uci.edu I remember too, the Airy Wave Theory, which saved my bacon in Fluid Mechanics IIIa all those decades ago. I'll ask Google about that.... back in a tick .... hmm, this isn't going so well. I'm downloading a pdf file via WiFi on my notebook puter, into a dial up modem in a one horse town called Rangataua, sitting in bed, with a drizzly day outside the window. The dial up modem is slow. I need those super-swishy CDMA2000 1xEV-DO phragmented photons suffusing the aether. This is so last century! Curses... Anyway, I asked Google for a link to "Airy Wave Theory Raudkivi" and got this: civil.auc.dk I feel almost nostalgic reading it. Prof Raudkivi was my fluid mechanics lecturer. A little Hungarian magician [he wore a red bow tie]. We had a reunion recently and there he was! Prof Segedin, who taught me about Fourier Transforms, died some years ago. He enabled me to retire as I could figure out that with modern silicon chips [back in 1989] all signals could be jumbled together and decoded right there in the handset, resulting in great frequency efficiency. I totally fluked meeting a guy from QUALCOMM who told me [back in 1991] that that's what they were inventing. Boy, was I lucky. Preparation meets opportunity. Serendipity should not be misunderestimated. Back on track. Airy Wave Theory here. ocean.washington.edu The best thing I ever did at university was on this. I felt inspired. Having bacon saved was good too. Oh, hang on, there was another thing to do with filling a sphere as liquid drained out a hole. That was pretty cool too. Suffice to say that the river of money is much the same. Think of a dollar as a particle of H2O. Uncle Al KBE is an elastohydrodynamic money engineer. No longer do we just lug water from the river. No longer do we dig up gold to run the economy. Mqurice

To: TobagoJack who wrote (41927)	11/22/2003 3:42:36 PM
From: Maurice Winn	Respond to of 74559

No, I haven't finished. Debt is a big deal in money dynamics. Debt is quite a magical property of money which enables the future to happen today. The greater the level of debt, the more of the future is being brought into the present. Predicting the future has always been a great dream of humanity. Gypsies have their crystal balls [in popular literature if not reality]. We have our crystal windows into cyberspace. Peering in, looking for clues to what's going to happen. The USA is the leader in enabling consumption today of tomorrow's production. Which is a very cool trick. No longer is it just a matter of a mortgage on the house. There are debt and financial instruments wall to wall; Wall Street to the Great Wall. Debt is not a problem. It is the solution. Of course, there is a financial Reynold's Number and all sorts of Money Dynamics IIIa issues which money engineers need to understand and manage for a successful monetary system. It's not good having a dam collapse due to pore water pressures building up as it fills, nor having a concatenating financial implosion as cascades of debt crash into each other as margin limits are broached at cyberspace speeds. Engineers know this. I agree it's disconcerting that the monetary experiments are being run real-time, without rehearsal, inter-linked in one giant financial system. Now I'm making myself nervous, so I'll stop that line of thought. Engineers do their research in laboratories and when the Ruahihi Canal collapsed, as I suspected it might, it didn't cause the Mississippi to dry up, the Pacific to freeze, the Three Gorges Dam to collapse, floods to drown millions and the ice caps to melt, simultaneously. Hmm, now I'm even more nervous. So, back on track. This wondrous debt mechanism keeps the whole process zooming along, lubricating the wheels of industriousness, production and efficiency. Wayyyy into the future. Think of Snow White and the Seven Dwarfs as the dwarfs march off to the mine singing, "I owe, I owe, it's off to work we go". Debt keeps the workers working. Plenty of people have so much debt that they will be working until they drop. That's their choice. I don't mind people working. I think it's excellent. It means things are being done and will be done. If everybody went troppo, moving to bucolic Trinidad and Tobago, or Fiji, hanging out on the beach in a loin cloth, snoozing under a tree while the sheep munch grass, they might be happy, but they wouldn't be producing. We capitalists want production and lots of it. Now it's true that Globalstar had big debts and Long Term Capital Management had big debts and owned a good chunk of Globalstar and there were leveraged debts in a big daisy chain around the world, with Asian Tigers feeding on debt. Things were borderline when the three computers on board a Zenit rocket [converted from MIRV intercontinental ballistic missile sword to communication satellite ploughshare] got into a dispute as to whether things were going okay or not. Democracy isn't perfect and the wrong computer was shut down. The two ignoramuses took charge and the money engineer Uncle Al KBE had to very quickly step in and open the faucets to keep financial pressure sufficient to avoid breakdown of the elastohydrodynamic boundary layers, lubrication failure and a sudden and catastrophic grinding of gears, smashing of pistons, loss of propulsion and steering and collision with an iceberg in one titanic disaster. Dopey Mahathir blamed the Jews [Soros] but Mahathir doesn't understand engineering. He's a quack. Well, Bernie Schwartz is a Jew [I think] and he was in charge of Globalstar and they selected the Zenit, so maybe Mahathir is right. Anyway, Uncle Al, KBE [hmm, is he a Jew?] saved the day. Lugging water and digging gold might have been fine in China in 1760, but it's the 21st century Jay. Cyberspace, lingua franca, debt and amazing financial engineers are keeping the elastoquidynamic financial system humming along and improving it daily. I think the Q should be the Quid. 100 quid = 1 Quid = 1 share in QUALCOMM. Quid pro quo is fair exchange. The English have pretty much finished with the expression quid for their currency anyway. A quid in Britain isn't what it used to be. It's barely one stop on the underground! Now, it's still drizzling. So I'll get up and make a nice cup of tea. Mqurice