[FoRK] What it means...
wgstoddard at gmail.com
Tue Sep 29 10:36:47 PDT 2009
Jeff Bone wrote:
> (re: Tom / economics / faith)
> To be clear, I'm not an economist (except in some applied sense; I'd
> rather say "complex systems enthusiast" at this point) and I don't
> have anything *resembling* faith in conventional economics or
> economists of any particular school.
> The *idea* that large, complex systems --- be they galactic clusters,
> ecosystems, or economies / societies --- adhere to some kind of laws
> that make them not entirely random and to some degree predictable ---
> *that* I agree with in principle, tentatively. What those laws might
> be are well beyond me or anybody else on this planet at present. But,
> we try. Discarding those hypotheses that don't fit the (eventual)
> evidence is an essential part of the process.
Speculating a bit further re deflation as existential thread to the
Fed... this is an interesting little article that sheds a small bit of
light re the Fed and gold:
"..it remains true that gold is the enemy of the welfare warfare state
and its central banks."
" ..governments may tax gold sales profits at some phenomenal rate,
thereby effectively confiscating gold a second time."
Mark Faber and others are predicting gold through the roof in a few
years time; this would mean that some essential tipping point would be
reached and that central bankers have lost control. If that happens,
gold -will- be 'confiscated'... in some way or fashion either directly
or indirectly. Truly scary how close we're skating to the edge... at
least it feels that way to me.
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