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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (43745)	12/12/2011 12:36:03 PM
From: ggersh	2 Recommendations Read Replies (1) \| Respond to of 71475

Fcukin Greenspan, and LTCM, they took the word "failure" out of capitalism.-nfg-

To: Real Man who wrote (43745)	12/13/2011 12:36:31 AM
From: Joseph Silent	5 Recommendations Read Replies (1) \| Respond to of 71475

The underlying mechanism is as old as the hills, and it always operates in the same way. Somebody very bright designs or builds a thing X for which the basic functionality is understood, as long as you are looking ahead no more than 12 inches. Next somebody (stupid, greedy, lazy etc) uses X thinking he/she has unlimited vision and control. The purpose is to use X to somehow get ahead. Because of our short-sightedness and greed, we are unable to see the whole cost and consequence of using X. And of course, even while we misuse X, most don't really understand how X works or all the things it can affect in a chain sequence. We don't understand consequence because it has infinitely long hands with infinitely looping fingers, affecting everything. Always the same: salesman shows you glossies of X with an exciting story, and the goal is short-term profit. It is captured by the idiom "devil take the hindmost." [In the MFG/Corzine saga, the salesmen took off early with the loot, and the devil eats the hindmost: farmers, investors]. X can be anything ...... --- guns --- bombs --- insecticides --- "scientific" and processed foods --- cars --- derivatives --- insurance --- on and on and on ..... Forget all the fancy stuff. Just think about insurance. Example --- health insurance. It's supposed to protect you. From whom? From what? There is no protection from the agencies here who are after your moola: the medical mafia, the insurance mafia and the drug company mafia. Insurance was designed for their benefit and not for yours. What if there is a cataclysmic event for which they cannot deliver? That means the demand swamps their ability even though they have been taking your cash every month. We'd have a medical AIG event. Nobody understands risk. The "experts" waddle around pretending they can. The world is never in steady-state, the number of variables is countably infinite, and stationarity is a text-book dream.