Generational Dynamics Forum - New Site

John wrote:That's a really interesting article. The thing I don't like about it,
though, is that it provides just one more excuse for banksters who
created and sold fraudulent synthetic securities to say, "Oh, it's not
my fault. It's because all that nasty liquidity in the system
destabilized it."

Higgenbotham wrote: > A search of some of the terms used above finds a good example.
> Once again, Yves Smith's Naked Capitalism blog brings up
> appropriate information.

> http://www.nakedcapitalism.com/2008/05/ ... idity.html

> Here, the author says that according to history and complex
> systems theory (and says it early in 2008 before the big collapse)
> feeding excess liquidity into the financial system is not
> stabilizing as believed by conventional monetary theorists but is
> in fact destabilizing in accordance with complex systems
> theory.

vincecate wrote:I think hyperinflation is like this. I think there is an amazingly small portion of the population that really understands hyperinflation. How it works, why it traps countries, etc.

Higgenbotham wrote:As I listen to the recent interviews with Das and Tavakoli that I posted in the Financial Topics thread, I can sense the frustration, as it seems like they have spent years talking about things that nobody understands or will admit exist and are relegated to the esoteric or the alternative. In the interview, Das reckons that fewer than 2000 people in the world really understand how derivatives work.