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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (36001)	6/23/2008 10:48:41 AM
From: Rolla Coasta	Respond to of 217551

interesting to note that Soros promoting international financial "policing" in the globe, which Larry Summer agreed with him in the G8 summit during an argument topic, resemble what would be like as a police state and a one world government that tries to dictate all commodity prices. IMO, there'll be power grabbed by him in the US political stage after the superbubble is burst. It seems like Soros and Rogers who started the same fund together ended up in quite different political mindset, ironically, in 2 different extremes.

To: TobagoJack who wrote (36001)	6/23/2008 11:12:04 AM
From: dvdw©	Respond to of 217551

from your posted article; WSJ: You argue that the crises we've experienced in the past 25 years have been, in retrospect, "testing events" that convince us the system is stable, encourage us to take even bigger risks, leading to one, cataclysmic collapse. Could this be just another testing event? Mr. Soros: Each time the authorities saved us, that reinforced the belief that markets are self-correcting. Each time when you bail out the economy, you need to find a new motor, a new source of credit and a new instrument that allows for the credit expansion. [It's] difficult to imagine what you can do when you are already lending effectively 100% on inflated house prices. I have a record of crying wolf at these times. I did it first in "The Alchemy of Finance" [in 1987], then in "The Crisis of Global Capitalism" [in 1998] and now in this book. So it's three books predicting disaster. [After] the boy cried wolf three times ... the wolf really came. If we can sail through this without a recession, then the superbubble story is seriously impacted ... I [will] have cried wolf again. Unfortunately, if you go into a recession, [it is not] proof of reflexivity, or vice versa. Reflexivity, is an attempt at multiphase logic. It falls woefully short of being anything more than mechanistic practice manifesting self interest. Chaos is a program, a contrivance, for arranged interests. Last friday marked a decade record low for number of companies trading on the nazdaq, part of that is a response to reflexivity, part of it, is the result of inertia cast as an effect of reflexivity. Combined the two, have created a clearing problem. Some of which is fundamentally illegal. reflexivity is reduced by its own packaging, to little more than a scheme.