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Real Reason For Financial Crisis!

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posted on Jan, 15 2013 @ 11:56 PM
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The real reason for the financial crisis we are going through is...backwards statistical analysis.

Yes, that's right. In the past century, advances have been made which make it possible to predict global trends to a quite high degree of certainty, if you understand the techniques. So what does this have to do with the federal reserve printing money at will, libertarianism, and our global crisis?

The minds of the people making these predictions. Society gained high confidence in the predictive capabilities of these statistical techniques. Thus we invested heavily, using them as our guide. Well, the individuals who designed these systems had old minds. They did not understand the New World. Thus they interpreted the data they had collected in a way that would seem completely backwards. Endless money was printed and spent, in support of these efforts.

We, the Youth of this Generation, can use the techniques that the older generation has developed, and use them in a more productive way. If we can learn what we must do, when can apply the acquired knowledge in the way WE want. If we do this, we can quite literally create our own world, just as the last generation has done.




posted on Jan, 16 2013 @ 12:07 AM
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reply to post by TheJourney
 


Debt = $$$

thats the real reason...




posted on Jan, 16 2013 @ 12:09 AM
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And I thought it was the Community Reinvestment Act, problems at Fannie and Freddie, and excessive government spending.

Well, Ok, let's take a look at your idea. What have you got in the way of examples or studies? Got anything we can put our hands on and analyze?



posted on Jan, 16 2013 @ 01:24 AM
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I do acknowledge that the challenges of business intelligence and big data are producing a hazy forecast into the economic environment. As studies of ecosystems have shown, there are no simple rules or natural balances that force the direction of life, as the ecosystem is a very complex and dynamic situation. The same is true for the economy as many people make many trades for many reasons.

The skills of a data specialist is also a new and emerging role that is loosely defined. Producing an SQL database is not the same as working with the terabytes of information that is becoming more and more readily generated. Trying to make some comprehension, sense and value out of such large data volumes is quite a unique skill. Then there are also errors in the source data that can corrupt results, political pressure is also a big problem when working with economic data as well as privacy laws impeding access.

The basics in economic responsibility have been around for a very long time and built from many past mistakes, which will be repeated if forgotten. As those setting the rules and economic direction try to balance growth with risk, having access to good and reliable data will make the difference between success and failure.



posted on Jan, 16 2013 @ 01:38 AM
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reply to post by TheJourney
 


Over spending, over printing, elimination of the glass-steagle act, unconstitutional officials...


We’re seeing the consequence of many, many, decades of spending too much, allowing our government to grow, allowing our liberties to be undermined, allowing our military to do so many things it shouldn’t be doing and neglecting the things it should be doing. So, for too long we have allowed our Congress to act in an unconstitutional manner, we’ve allowed our executive branch to be unconstitutional, and the judicial system. We’ve gotten into this mess, I believe, because we have not had enough people who understood, believed, and took seriously, their oath of office. If we had the right people in Washington, and only elected a president and a Congress who sincerely believe in our constitution, that’s the only way I see us getting back to where we belong. ~ Ron Paul (Nov.18, 2011)
Ron Paul Explains Economic Crisis
edit on 16/1/13 by Phantasm because: (no reason given)
edit on 16/1/13 by Phantasm because: (no reason given)



posted on Jan, 16 2013 @ 01:57 AM
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reply to post by Phantasm
 


Gotta love Ron Paul!



posted on Jan, 16 2013 @ 03:13 AM
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Originally posted by charles1952
And I thought it was the Community Reinvestment Act, problems at Fannie and Freddie, and excessive government spending.

Well, Ok, let's take a look at your idea. What have you got in the way of examples or studies? Got anything we can put our hands on and analyze?


If only banks had had some lobbying power, if that Community Reinvestment Act and Fannie and Freddie where hurting them so much...



posted on Jan, 16 2013 @ 12:54 PM
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from the op ...



In the past century, advances have been made which make it possible to predict global trends to a quite high degree of certainty, if you understand the techniques.


this is a paper that describes the above ...
The following is an excerpt from Behold A Pale Horse by William Cooper



posted on Jan, 17 2013 @ 03:11 PM
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Let me speak to you of...
eL kA-P-TaL de los CommunEs


Your society has misled you about those whom you call ‘Communists.’
SimultanEously, you have misunderstood what both ‘liberalism’ and ‘the free market’ mean.
Todas de LOS three world-views are compatible
This is the knowledge known by the true visionaries of all of these three streams
Over time, a large illusory-society has been built up
To make you think these three modes of thought are dire enemies
This is a lie
Liberalism is freedom
Freedom is libertarianism
Libertarianism is freedom, both economic and social
Communism is a community based on the Principles of Shared Freedom
Freedom and happiness/pleasure is the Capital of the Communiques, ‘Communists’
edit on 17-1-2013 by TheJourney because: (no reason given)



posted on Jan, 17 2013 @ 08:29 PM
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reply to post by tinhattribunal
 


It is an interesting paper, despite being somewhat pessimistic in its overall tone. The close relations between electrical and economic engineering is an association I have come across before and there is a lot of sense in it with how they both relate to power sources, demand and distribution.

The main problem I have with it is how understanding human nature is stressed, yet no alternatives towards social nature is provided apart from the main directive of maintaining the class structure. Perhaps the author feels that it is just inevitable and hopeless from his experience, perhaps it is... Worth taking a look at the rest of the book and thanks for the link.






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