WHILE THE EXPLANATION LEWIS gives helps to placate the nervous, and bewildered by it all, it does not give the real story.
Of course, he cannot. There are restraints on what people of his stature can say, publicly, no matter what they know, or believe.
Unfortunately, unless you put your mind in gear, and appraise a situation more thoroughly, it will mislead you from a better understanding of how things will work out, and why they don't, according to your expectations.
If, as is being presented this massive economic crisis was brought about by all these high ranking, well educated, 'streetwise' financial executives and politicians, all over the world, being either naive to the point of insanity, or just plain recklessly greedy, and you will swallow that, then read no further. This is NOT for you.
This view would insult MY intelligence, and I hope most of you who continue reading, are at least as intelligent as I. I wish to believe so. But I accept there are exceptions.
My premise is, it did not just happen. Even ordinary Financial 'Bubbles' don't just happen. Someone causes them, and benefits the most from their effects because they are in at the beginning, know where it is going, and know when it will burst.
Many bubbles are purely to redistribute money from the many to the few like the South Sea Bubble, Tulip Mania, The original Ponzi, and currently Madoff (to name a few).
But what we are now experiencing on a world wide scale, is NOT a bubble, though they have been used in the process of its development.
THERE IS A REASON for it. It has been well worked out in advance, and there is an end game. It has a number of minor objectives which are connected to the main one (many birds with one stone).
It has not been brought about by incompetence, or madness. And, in spite of how things may seem. or are presented, it is under expert control.
ORDO ab CHAO: From out of the chaos will come order. Whether you like the new order, or not, is immaterial, you are going to get it. CHANGE upsets many people because the unknown or unfamiliar makes them feel insecure. But change, as the Chinese believe, spells opportunity.
Now if you don't see what I am getting at without spelling things out in fine detail (because I am not going to), then you are going to be continually baffled by what is going on. And, you will become VERY frustrated at the markets. (and your nation's politics)
Cool your emotions. Emotions have no place in the speculation game, they should be kept under tight control. Emotions stop you thinking rationally and applying logic. If you don't agree 'no skin off my nose', as I understand it is not easy to break out of a lifetime of expert conditioning.
NOTHING IS EVER WHAT IT SEEMS in economics and politics. Confirmation of the truth would destabilise the social cohesion of the nation within minutes of it being known. People always claim to like the truth, but when they get it, they can't take it.
I am not saying accept what I say here as the truth. I am saying THINK and apply REASON!
Happy Days to all
