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111
October 2009 
STARING into the ABYSS ...
Posted on Oct 2nd, 2008
by 
Michael
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
.
Access: PublicTagged with: 111, abyss, crisis of confidence, unknown, united we stand, divided we fall, change, zaadz
Michael..these guys were the poster boys of financial systems. Even with Celeb Status in CNN .in films and literature. Comparable with Oprah today.) In the last 2 decades often proclaiming themselves and enjoying their image as “masters of the universe”
Especially investment bankers. Deutsche Bank Boss Josef Ackermann always cuddled this troup of his house and called the business with small investors and simple people “peanuts”.
Governements , especially in US, kissed their feets.
Now the real values and intelligent regulations are in demand. Once again the blue vmemetic conveyor belt of global finance systems has to be updated and upgraded.
When the world of business can run….. as a loving family does, things will change.
But ONLY when women are treated with respect, and children are included in this quintessential equation for success.
Peace on Earth,
J
ABSOLUTELY 2U BOTH
Fears over throwing good cash after bad BEING expressed at DAVOS 2009
As Simon Heffer has said in today's Daily Telegraph ….
“IT IS now clear that Mr Brown's lack of experience at having to offer himself as leader of his party – the man with whom the buck stops – to any sort of electorate is one of the great handicaps he has now. He has endured democratic approval in his period at Number 10, and has become accustomed to doing without it: hence some of his recent policy howlers. The way things are going, he is never likely to get it.
IT IS offensive to the rest of the country – that vast majority who not only did not vote Labour in 2005, but who would never vote for Mr Brown now even if you paid them – that the current turbulence in politics is inevitably depicted as a Labour Party problem.
It is, of course, the country's problem. It is not just the Labour Party that has to endure an idiotic, destructive economic policy: it is ALL of us.
But it is, uniquely, the Labour Party that is responsible for our condition. They put this man in charge. They did so without any pretence of democratic procedure. It is nauseating, in the way politics goes, to have heard rather too many Labour MPs who one knows hate Mr Brown's guts going into the media in the past few days to defend him vigorously, seeking to prolong all our sufferings.
It is Labour tribalism that got us into this mess in the first place: we could all, frankly, do with a rest from it now.”
Check out transition towns and help transfer money back to the local economy where it is needed.
ABSOLUTELY SO