Evidenced by the fact that you re reading this, shows me you do not know how to follow directions. Great! You have taken the first step towards independent thought. I’d like to have a little fun, and take a break from Alt Energy (Chapter 2 is under construction).
Today, I do not plan on answering any questions. If you have come here for answers… then read no further. Instead, I am putting you to work. I have questions, and am looking for audience participation.
Which came first, the chicken or the egg?
Some questions don’t have answers… some do have answers, but can’t be answered because of how we’ve manipulated the perception of the question and answer. For example: What is the cause of the US/Middle East conflicts? Is it because the US invaded Iraq looking “for WMD” and to fight terrorism. Is it because radical extremists attacked the WTC in 2001? Is it because Kuwait invasion and subsequent Persian Gulf War? Is it because US sanctions, and aid in wars between Iran and Iraq? Is it because US’s position/support of Israel? …or is it something dating back to WW2 occupations, Ottoman Empires, Crusades, etc… The answer to this question exists, and many have theories on the answer… but this is a question that just can’t be answered.
How we got to where we are in this financial crisis is the same sort of question. Who’s to blame? The Banks, The brokers, the overspent consumer, the ratings agencies, the press, Britney Spears, Wall St, NINJA’s, Bush, Democrats, Trickle Down Reaganomics, Clinton’s burning of the Glass Steagall Act, FASB, Education…. UGGGHHH!!! It’s exhausting! …and opinion’s (like mine) aside, there are no answers. (…ahhh, who am I kidding, it’s David Lareah’s fault!!!)
But where we go from here isn’t the same unanswerable question. We have the chance to define it. We can and will rebuild it. This is what needs to be done, and it will take some time. We have to ask ALL of the RIGHT questions, and then come up with our most reasonable outcomes. Some of our answers are right in front of us. We just don’t do a good job of reading the question. ..and even if we read the question right, logic can magically be blurred by slight of hand.
Tom’s mom had 3 kids. She named the first child Penny, she named the second child Nickel… What did she name her third child?
Much like that old trick question, what needs to be done with answering our economic questions are working through the logic of chain rules.
If “x” affects “y”, and then “y” affects “z”…
If “z” affects “y”, and then “y” affects “x”…
If “a” affects “b”, and then “b” affects “c”…
If “c” affects “b”, and then “b” affects “a”…
If “c” affects “y”, and then “y” affects “q”…
…and so forth.
The variables are endless. But using some basic parameters and logical “affects”, I believe we can come to some reasonable predictions and best suited cures. I am asking you to come up with the questions that I will try to come up with a massive chain equation for. I will try my best to have this project done before the end of the year and posted here.
***unrelated – 8 years ago, we placed Bush, Dick and Colin in charge… No wonder how everything got “screwed” up! Now I know those are just names… and it doesn’t really mean anything, but I wonder what to now expect from Obama Biden. (c’mon… I know you’ve all thought this… If you look at the “Obama Biden” name quickly it looks like something else! (like on a bumper sticker) It almost makes you wonder why Obama didn’t pick a running mate with the last name Smith or even better “Caught”.)
Question #2 You come to a fork in the road. At each of the two forks, there stand identical looking men. One path leads to fountain of youth, the other to death. From the fork, you cannot distinguish between the two paths. Once you start down a path, you can NOT go back. One of the two men always tells the truth. The other man always lies. Unfortunately, it is impossible for you to distinguish between the two men. You have permission to ask one of the men one question, to ascertain which path leads to the fountain of youth. (Remember, you do not know which guard you’re asking. It could be the truth teller or the liar …and that this single question determines whether you live or die.) The question is: What one question asked of one man guarantees that you are led down the path for the fountain of youth, regardless of which man you happen to ask?
I ask this silly riddle because I find it so similar to the current bailout questions. Where is the $2 trillion being used? Where is the $700 being spent? (I want my Freedom of information act to start ACTING!)
Those are great /valid questions… but I don’t think they lead us to the fountain of youth. To see who dies we need to ask the opposite! Where ISN’T the money going? Who’s not going to get it?
Those are the real questions that will tell us who will “die”. (and likely will be the definable answers to who is strong enough to survive on their own and who isn’t deemed “worth saving”.) Those questions answered will get you the rewards you may seek.
Question #3 If a mirror reverses your right from your left and your left from your right, why doesn’t it also reverse up and down?
I ask this riddle because it reminds me of the irrational markets. For every seller, there has to be an opposite buyer. The demand of the seller is what causes them to settle for a lower price. (likewise, the demand of the buyer raises the price) …Well that means there had to be someone with money to purchase what the demanding seller was getting rid of. In order for that buyer to get the cash, he likely had to sell something else. (thus he created demand selling somewhere else.) This is and has been a primary focus that I use to analyze the markets. It is the flow of cash from 1 place to another.
In following the flow, you learn that there is always a mirror. What’s important to know is that the mirror isn’t reversing up and down and left and right… but instead forward and backwards!
Thanks for stopping by and reading… Now it your turn to be heard.
Miss America / Rich Hartmann
p.s Nouriel Roubini gets a lot of credit for his predictions and the success of the RGE. I’d just like to point out to the many readers that he could not do this all on his own. Aside from the effort of the various contributors I would like to thank the staff for all of their hard work. They are the invisible hands behind the curtain which has brought us all together. Special thanks to Vitoria Saddi, and congrats on your G20 contribution.