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Fooled by Globalization

Fooled by globalization
A sobering discussion on the nature of the current economic crisis and why this one may be very different from ones in the past.

The problem: globalization adds exponentially to the complexity of potential outcomes, but the banking system is not designed to absorb the kind of rapid and massive changes globalization makes possible.

These aren't two hippies railing against the system. This is one of most insightful mathematicians and one of the most accomplished options traders of our time.


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Watching chemtrails in my sky

I watch this video of two men who are scared out of their sleep. But they won't say what is really on their minds in words that cannot be misunderstood. You can tell they know more than they are willing to say. They don't accuse or point a finger. They speak in generalities. I'm sure they know what happens to people who call it like it is, like it really is. But the older guy said "Everything is a possibility." True, when things are being manipulated, which he would not say, then everything is a possibility.

fireant's picture

Quote of the year!

"Predictions are difficult, especially about the future."

Undo what Wilson did

I caught that one too...

"All great truths begin as blasphemies."

"Human beings with love and compassion are some of the most beautiful creatures in the universe... Those without are a plague on us all."


and said with a straight face supposedly being respectful. Then his answer was something like, "That is what we need to remember."