Saturday, December 18, 2010

Who tells the truth?

Moral: Wherein we start to ponder the question in a couple of contexts, namely finance (a game of idiots who want to mostly trash us) and engineering.


Well, Martin Weiss asks the question (Isn't there anyone left who'll just tell us THE @#$! TRUTH?). He lets Mike Larson remind us of many things, but here are a couple.
  • Yes, Big Ben has increased our basis of money by almost 1.2T (trillion!) over the past couple of years. Gosh, the weight of that is more than we can handle. Yet, he was re-appointed (anointed)?
  • Big Ben put the taxpayers on the line for 1T in toxic assets. They are still there, folks.
These finance guys do take us for idiots. Martin & Mike tell us that we have 2,000 banks on the s@#$!t list. Bank of America is one, thanks to the former head. What is behind all this new chatter of a 14,000 DOW?

Look, people, that whole financial thing just pushes around the same bit of bits. Big Ben just upped the set size, to allow greater returns (as in, increase of amounts that could be siphoned).

Did that really help what is the economic basis?


Now, in terms of technical issues, to whom does the public turn? There is no one, folks. Everyone seems to have an agenda, even within science. Except, now there is an effort to remove the political influences. It's nice to see 'integrity' used; let's hope that this is real.


06/11/2013 -- CDOs and tranching, once again.

03/11/2012 -- We need to update this, especially with a nod to Alan M. Turing.

05/25/2011 -- Lemons problem, dark pools, ... Oh, so much to look at!

01/01/2011 -- We have two last posts of December under our belt.

12/20/2010 -- Not only do we need to ask who tells the truth, we need consider what 'truth' might be. A recent New Yorker article is of essence: The truth wears off. The few sentences of the article says this: "Just because an idea is true doesn't mean it can be proved. And just because an idea can be proved doesn't mean that it's true. When the experiments are done, we still have to choose what to believe". I might add, whom to believe. A similar article appeared earlier in The Atlantic.

Then, that same issue of the New Yorker has an article about the hypocritical mantras of 'free markets' that we're subjected to (Enter the dragon).

Modified: 06/11/2013

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