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Sunday, April 21 2019 @ 08:04 PM UTC

Want To Know What Happened To The Global Economy?

Money Matters

By DON WINNER for - Then read this article about David X. Li's Gaussian copula function. In fact, since you're probably never read an article quite like this one, you should read the whole thing several times, as many times as it takes, until you can completely understand every word in the entire article. Basically it explains "what happened, how, and why" in a nice little package. Of course literally millions if not billions of flawed individual decisions got us from there to here, but this article nicely describes the faulty strategic underpinnings and how the entire financial system suddenly found itself perched upon a foundation of shifting sand, while decision makers incorrectly thought their financial structures were built over stable bedrock (thanks to David X. Li.) The guy who came up with the model is now back working in China. My question - do you think there's any chance this was done on purpose in order to bring down the United States, and, to allow room for China to fill the vacuum to become the new global superpower? Indirect, subtle, slick, practically imperceptible, and distinctly taking advantage of the one thing you can count on in Wall Street - greed - all of the elements any really good saboteur has to exploit in order to be successful. And by the way, now that the damage is done David X. Li isn't taking our phone calls anymore- his new Chinese bosses say he can't come out to play. Good thing we built the nukes when we had money.

Copyright 2008 by Don Winner for Go ahead and use whatever you like as long as you credit the source. Salud.

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