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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (70310)	9/5/2008 5:08:23 PM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 74559

C2, I'm all for panic, but I want to have something scary to panic about. I was excited clicking on that link, thinking that I would see some financial relativity theory horror show, but no, it was just business as usual. Thanks for the attempt. I don't think the music is going to stop. The tempo slows and large drums might come in and even cannon as in the 1812 Overture, but a mob of 6 billion's financial shenanigans won't stop. The 1987 crash was right there on the telephone to me as I decided whether to sell Hambros Countrywide shares, or not. I decided not, mistakenly thinking I was just a little guy who must be well behind the game. The price quoted was about 30% lower but it went down a lot more. So I have seen real crashes, up close and personal. 1974 wasn't so much a personal experience and I missed it as I sold out a few months before it went [I ditched shares since the markets seemed to be rolling over and we were going traveling]. We were set for a world record crunch, but the Biotelecosmictechdot.com bust softened a lot of people up and Uncle Al KBE's and Big Ben's interest rate moves and helicoptering have headed the panic off at the pass. The big danger is if politicians decide to "save" the situation by, for example, banning trade or robbing savers [other than by the normal dilution process] or some such. There has been two years of market clearing [in the USA]. The process is now underway in NZ and the NZ$ has dropped [another big drop yesterday]. House prices should drop 30% in 2007 dollars. Maybe 50% if panic hits the streets and politicians do stupid things. Two years is a long time in market clearing processes. As Japan and the post-1929 events showed, markets can take a longggg time to clear. Of course markets don't have to "come right". Some societies just go into decline and never return. Rome came and went. Britain had a global empire and was top dog. China was a pre-eminent place for centuries then had an "accident" as TJ puts it. Arabia had its day too, probably because Jews lived there and provided the brains before moving to Germany and making Germany look good - now they make the USA look good. Dr Irwin Jacobs has certainly made me look good. Adolf/Germany committed the biggest crime in human history. It wasn't just a crime against humanity, it was a crime against the 5 forces of the apocalypse = the strong and weak forces, gravity, electromagnetic force and consciousness [which Mq the Amazing has declared is an essential one of those forces, causing them to adopt particlar states]. God might not play dice, but It certainly gets annoyed when somebody messes with the message. NOBODY beats the five forces of the apocalypse. Adolf and Germany went down. Adolf finished in a bunker. To use common and somewhat meaningless words, evil can only exist AFTER there is good for evil to act against. So first there has to be good and good always has to be in excess of evil. Evil can have its day, but it only has a day, not an era. Evil is like entropy = the result of friction in the processes of the 5 forces. It's a bit like taxation. There can only be taxation AFTER somebody produces something. Taxation is an evil being a parasitic process of the powerful. Paradoxically, it is also good in that it enables collective utilitarian processes. Taxation is financial entropy. Evil is entropy. Yes, there might yet be a big panic to make the 1930s look trivial. There could be a 10,000 megaton war thrown in for good measure. But so far, it doesn't seem a likely outcome. People want their lives better, not worse, so 6 billion people are working to avoid crashing and black hole financial relativity theory implosion. But, they can do an Argentina, Zimbabwe etc if they choose to. Watching and waiting, Gung Ho, Mqurice