Monday, March 09, 2009 8:57:48 AM
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
Recent BAC News
- Bank of America Announces Redemption of $2,000,000,000 2.456% Fixed/Floating Rate Senior Notes, Due October 2025 • PR Newswire (US) • 10/04/2024 08:15:00 PM
- Registration for the 2025 Bank of America Chicago Marathon, Chicago 13.1 and Shamrock Shuffle Opens this Month • PR Newswire (US) • 10/03/2024 03:00:00 PM
- BofA Unveils Virtual Payables Solution to Support the Booming B2B Market • PR Newswire (US) • 10/02/2024 09:00:00 AM
- From Piggy Bank to Family Banking: BofA Launches New Solution to Help Parents Raise Financially Savvy Kids • PR Newswire (US) • 09/26/2024 12:00:00 PM
- Bank of America Chicago Marathon Creates Record Breaking $547 Million Impact on Chicago Economy in 2023 • PR Newswire (US) • 09/24/2024 02:00:00 PM
- Visa Faces Monopoly Lawsuit; Meta Introduces Celebrity Voices for Chatbot; Stellantis on the Hunt for New CEO • IH Market News • 09/24/2024 10:15:50 AM
- BofA to Open More Than 165 Financial Centers by End of 2026 • PR Newswire (US) • 09/23/2024 11:15:00 AM
- Bank of America Announces Full Redemption of Its Series Z Preferred Stock and Related Depositary Shares • PR Newswire (US) • 09/20/2024 08:15:00 PM
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- BofA Names David Dowd Asheville President • PR Newswire (US) • 09/19/2024 05:05:00 PM
- Bank of America Declares Preferred Stock Dividends for Fourth Quarter 2024 • PR Newswire (US) • 09/18/2024 08:15:00 PM
- Bank of America Announces Redemption of $2,000,000,000 0.981% Fixed/Floating Rate Senior Notes, Due September 2025 • PR Newswire (US) • 09/17/2024 08:15:00 PM
- The Masters Tournament Welcomes Bank of America as Champion Partner • PR Newswire (US) • 09/17/2024 02:07:00 PM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- Bank of America Announces Redemption of $1,750,000,000 3.093% Fixed/Floating Rate Senior Notes, Due October 2025 • PR Newswire (US) • 09/16/2024 08:15:00 PM
- Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals • IH Market News • 09/12/2024 10:02:29 AM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Apple Loses EU Dispute; Google’s $2.7 Billion Fine Upheld; Oracle Shares Surge 9% • IH Market News • 09/10/2024 10:02:31 AM
- BofA Raises U.S. Minimum Hourly Wage to $24, Increasing Starting Salary to Nearly $50K • PR Newswire (US) • 09/10/2024 09:55:00 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing • IH Market News • 09/05/2024 10:11:35 AM
- Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings • IH Market News • 09/04/2024 09:50:25 AM
- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Inaugural U.S. Latina GDP Report Finds Latinas Contribute $1.3 Trillion in GDP • PR Newswire (US) • 08/26/2024 06:30:00 PM
- Walmart Sells JD.com Stake, Microchip Suffers Cyberattack, Union Pacific Warns of Strike in Canada, and Latest News • IH Market News • 08/21/2024 12:12:11 PM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM