STARING into the ABYSS ...
Posted on Oct 2nd, 2008
by
Michael
of the UNKNOWN ...
UNITED we stand ...
walk, run, swim, fly and SAIL ...
DIVIDED we FALL
THE present crisis of confidence in the global economic model, has resulted from
the lack of understanding of the inter-related nature of "the beast" and the lack of computer modelling to reflect this fact. In all the heart-searching and finger-pointing that is presently being manifested, throughout the world's media, little has been spoken abouts the "quants".
These are the highly paid back-room boys of the investment banking industry who have created what I would call a collection of 2D models of the individual component parts of the risk management process, rather than a fully integrated 3D loopback-model of the potential consequences of the risk management process.
GOOGLE 10 to the power 100
Historians have often referred to the 19th Century as that which was dominated by British Imperialism and the 20th Century having being controlled by the economic might of the USA. Only time will tell what banner will be affixed to the 21st.
In the meantime, despite the warnings of Dwight D. Eisenhower about the military industrial complex and Jimmy Carter's so-called Malaise Speech , in the context of the Masters of the Universe at Goldmann Sachs, Americans are no longer masters of their own fate.
Sometime around the 1960's there was a tipping point, when the "empire of production" began to become the "empire of consumption". When the cars started to be produced elsewhere, and the television sets, and the socks, and everything else. And what we ended up with was the American people becoming consumers rather than producers.
Andrew Bacevich - The Limits of Power
Wake Up & Smell the Fed - End the Fed Info Tribute
Without the "Wisdom of Knowledge" of this particular facet of understanding, is their any wonder that, those whom the people assumed to know otherwise, have NO KNOWLEDGE of what to do in the ever changing circumstances of our lives on this planet or, consequently the WISDOM to have planned to implement the only solution to the problem ... TEAR-UP the existing blueprint and START all OVER.
In the event of such lack of foresight, oversight, commitment and leadership, paying for an analysis of "what went wrong" from those responsible for "what went wrong" IS ALL that the people are being offered.
IT will be interesting to watch the House of Representatives vote tonight !
might I suggest that Kathy's ...
"day to day " 2D solution is ...
indeed the basis of the ...
scaleable 3D solution ...
to "change the world " ...
to which I have alluded ...
from time to time ...
here @zaadz.
IT HAS OBVIOUSLY BECOME "SQEEZE-IN" TIME @gaia.com
.
Tagged with: 111, abyss, crisis of confidence, unknown, united we stand, divided we fall, change, zaadz

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