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But you're not actually arguing the concept of predicting the future, you're arguing that when you throw something up, you can't predict that it's going to come
by etherael 11y ago
But you're not actually arguing the concept of predicting the future, you're arguing that when you throw something up, you can't predict that it's going to come down.
Look at the charts, the writing is on the wall, denying at this point because the talking heads on the television are telling you that everything is going to be alright while it's very clearly not is not taking a cautious stance and saying one cannot predict the future, it is ignoring the facts on the ground as they are.
Baltic dry index, Deutsche Bank CDS spread on 60 trillion of derivative exposure, Sovereign Debt CDS', the leverage of gold on the primary exchange in the world for paper vs physical gold, the buckling price of oil, the desperate moves of the central banks in the previous 8 years coupled with begging from the too big to fail banks that even more reckless and wild moves need to be undertaken (Let the banks charge negative interest on deposits, ban cash so the consumers can't avoid it, allow the banks to make the spread, give us more quantitative easing, keep manipulating the roulette wheel so we remain on top despite our utter incompetence, pay no attention to the market moves that say we're about to be destroyed, except of course to the extent you need to understand that if we are it's the end of the world as we know it because we're too big to fail, etc).
The systemic cancer needs to be destroyed for the actual effective allocation of scarce resources to be performed, the existing central banking system, its oversight, and basically everything about it, needs to undergo creative destruction.