Nassim Taleb & the Black Swan

6 Comments

1. Catherine: An excellent dialog!!! Couldn’t agree more with both speakers…now we must ask/demand that the politicians get out of the way and let the system completely collapse….convene an economic conference and impliment a sound and stable plan…who am I kidding!!!! Those considered the power elite will never let go of the controls ( and wait and see on April 2 in London;. mark my word they will solidify their position and remain in control ). I believe that we are looking for beneficence and will only find despotism…it’s all they know!!! The professor and the author are intellects speaking in hyperbole. The weening from years of massive Defense/Security budgets which has for decades ( if not centuries ) been alligned with The Royals, Big Media, Big Oil, Big Pharma, Big Agriculture, and let me not forget Big Wall Street/City of London financiers will have to begin and rapidly dissolve to allow a new power structure to take hold. If we are to look back to the Medici Italian financial center we must also take into account the plague which reduced the populous to a manageable level. One wonders what machinations are in the works? Clearly the transparency already is suspect. It has taken $10-20 trillion just to maintain the fundamentals of the matrix. Just look at the Clinton Era retreads. Even the current foreign policy is looking like the same old connections that Clinton nourished in the 1990’s ( the Indonesian Riadis must be eager to party down with Hil when she gets there ). Trade route with Iran??? ( Is Mark Rich waiting in the wings with his Iranian oil pipeline plans??) “Mini Madoffs”??? Where do you think he got the juice to perform such corruption. Already we hear about 10 more in the wings. The Stanford Financial debacle is a sidelight. The offshore banks and the hedge funds are still calling the shots; totally unregulated and beyond any jurisdiction!!!! So as I have said I completely agree with the speakers; yet they talk to the wind!!! If we actually implimented even a few of their suggestions: too many heads would have to roll. The international bankers spin the tale that we must save the derivatives as they are impossible to calculate and therefore impossible to dispense with. How blatantly absurd!!!! These contrived instruments held throughout the world is the black hole swallowing the trillions in soon to be tax payer bonds…..Looking for that taxpayer revolt…No wonder they named Lincoln as our finest president…he never fought an army trying to usurp our fundamental patriotic destiny. He reconvened the Congress by executive fiat….no such rule existed ( see Robert’s Rules of Order ) then nor today. Get the picture?? the oldwiseman rests

2. The event we are witnessing isn’t an economic recession, it is a historic event that will change history: the collapse of a global empire. The US is a huge, deep in debt empire that spends more than the entire world on a totally corrupt and barely functional military. This has been bleeding trillions of dollars on badly-managed international and domestic activities. The War in Afghanistan is being expanded even as the Empire collapses, its banks, bankrupt and the imperial overlords are roaming the planet, begging for loans!

   The US allowed a massive bubble to dump epic amounts of debt on top of everything we possess: lands, corporations, factories, houses, our future earnings [paying for school loans] etc. This will be over once the US has lost its entire empire and all the military are pulled back home and reduced to about 20% of its present size.

3. The best statement: ‘If a pilot crashes a plane, would you bring him back to fly another plane or would you get a new pilot?’
   (Corollary question: Would you be willing to fly with them?)
   It looks like the same questions must be asked of the CNBC anchors and their bosses.

4. PBS isn’t any better than the MSM programming. It still spews PC propaganda.

5. Those CNBC anchors are a bunch of presumptious, rude assholes. Too much Fox influence for my tastes. These days the MSM programming is so f**ked that I can’t bear to watch anything unless it’s on YouTube or PBS.

   Mainstream media: the internet’s retarded cousin (this I got from a 15 year old who doesn’t watch TV, but surfs and reads on the web extensively). Maybe there is hope.

6. More Please – I cam hardly believe there is some semblance of truth on CNN – unfortunately no one is talking of the true risks Geither and friends in the US and abroad pose to all of us not only from a wealth point of view but more importantly from aspirtual and personal liberties perspective – keep up the good work Catherine and thanks for your work, wensite and opinions you are an inspiration

   God bless

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