The economics of twooferland

[AlanGreenspan]

The economists at the loose change forum seem to be at it again. This time they are discussing the fluctuations in the financial markets using the DOW average.

Their observations are just brilliant, like this guy's:

yea ... and not gold and silvers bonds ... get the gold in your hands.

Let's say i have US$1 million i want to invest ... where am i going to store all the gold i can afford? And how about the transport costs? These guys should start their own consulting firm, they'll be rich in no time ... that way they can afford to move out of their mother's house.

I was FORCED into taking a economics calculus class in college - what a waste of good math. You couldn't imagine how TWEAKED this stuff was. They'd create some curve with some steady statistics ..then apply stuff like: "Human Faith Factor" or "Consumer Confidence Index" bla bla bla.

It's no surprise why the economists who work in the field of rational expectation are widely respected while conspiracy theorists' greatest achievement is a dvd full of lies.

Dow up 245. That's huge. Not normal. Makes me nervous

I wonder what makes this scholar nervous, the fact that he was predicting a crisis that didn't happen or the fact that he knows nothing about economic cycles.

[Alareth]

I heard there are bears and bulls in the stock market, isn't that dangerous for the brokers with wild animals wandering around?

[cmcaulif]

More CT economics brilliance, regarding the short time frame of the original version of Bazant and Zhou:

Why the rush by Bazant to state the buildings fell on their own and were not CD's? This is someone who allegedly had nothing to do with 9/11....unless he was one of the people who bought put options??? You know, strangely enough, the put options were bought on the CHICAGO EXCHANGE...Bazant works at Northwestern in CHICAGO. Last I heard, 2.5 Million dollars was still unclaimed from those put options. The stock exchange was closed for 4 days after 9/11...no transactions were done during that time and Bazant rushes out a paper DEFENDING the govt version (from what I don't know)2 days later without studying anything about the collapses. Could it be he or someone close to him had purchased put options and he wanted to dispell any suspicions regarding 9/11 and the events surrounding it???

I think this gem pretty much speaks for itself.

[JamesB]

More CT economics brilliance, regarding the short time frame of the original version of Bazant and Zhou:



I think this gem pretty much speaks for itself.

Wow, I am just speechless with that one.

[BeAChooser]

Wow, I am just speechless with that one.

No, I think you mean you are Stundied.

[cmcaulif]

Wow, I am just speechless with that one.

I can't even imagine what was going on in that persons mind, I guess they thought they were really on to something though.

[Alareth]

*twitch*

[PhantomWolf]

Engineer Jay Windey described how on the afternoon of 9/11 he and other engineers told fellow workmates how the buildings had collasped. They had used the illustration of standing on an empty soft drink (soda for you yanks) can and then kinking the side with a finger, causing it to crush. Remarkablely this is exceedingly close to what NIST would release 4 years later. I guess that proves that they were in on it too.

[Mainstreammedia]

How a twoofer explains that the market is up by 200 pts:

"It makes me think of a high-wire acrobat who loses control walking across the wire. A little wiggle develops on the wire and the acrobat tries to steady it but it just move back and forth more and more, stronger and stronger until the guy falls off. You know, like when someone trie to balance on an air matress in a pool or something, and overcompensates over and over until they fall over."

[cmcaulif]

How a twoofer explains that the market is up by 200 pts:

"It makes me think of a high-wire acrobat who loses control walking across the wire. A little wiggle develops on the wire and the acrobat tries to steady it but it just move back and forth more and more, stronger and stronger until the guy falls off. You know, like when someone trie to balance on an air matress in a pool or something, and overcompensates over and over until they fall over."

Maybe that is just his very own version of the volatility index?

[Unfit4Command]

I heard there are bears and bulls in the stock market, isn't that dangerous for the brokers with wild animals wandering around?

lmao! One of the funniest posts I've seen in a while. :)

[Triterope]

Their observations are just brilliant, like this guy's:

get the gold in your hands.

You see this obsession with gold a lot in the conspiracy-nut community in general. The tax protestors, militia nuts, Ron Paul types, and other fringe types will advise you to stay away from the evil stock market and buy gold as an "inflation hedge." Excuse me? The US inflation rate hasn't seen five percent in 15 years. The average annual inflation rate is about 3%, going back to 1914.

The "hoard gold" argument betrays the conspiracy nuts' ignorance about, and distrust of, finance. I know very little about finance, but I understand the concept of fractional reserve banking, how it creates money, and how inflation is a necessary evil in a robust modern economy. The paranoid talk about the "creating money" process like the bank's got a press in the back that prints dollar bills, and the whole republic is just one greedy banker away from turning into Weimar Germany. (Note that they also fail to understand the distinction between "money" and "currency.")

And, since some people make money by a process the conspiracy nuts don't understand, it's only a short trip to "international banking cabal" and "secret prime bank" woo, which in turn isn't far from... well, you know what group tends to get blamed for any shadowy financial dealings that happen in the world.

Bad financial advice is one way that conspiracy theory can ruin people's lives. I've heard of people who converted their investments to gold because of some Alex Jones BS about the republic being about to collapse for the ten millionth time that week. According to goldprice.org (http://goldprice.org/30-year-gold-price-history.html), the price of gold in US dollar peaked in the early 80s, at about $675 per ounce. Guess what it is now? $666. I don't know if that accounts for inflation or not, but either way I'll take my chances with the mean ol' stock market, thanks.

[DarkMagician]

I'm still waiting for that mass deflation that ended up in the Stundies one time.

[LashL]

Hey, nice to see you, Alan. Some loon posited a couple of weeks ago that you'd been arrested and held without bail, etc. Glad to see that you've managed to utilize your NWO contacts to re-assert posting privileges from prison and all. ;)

For the humour challenged: [insert ROTFLMAO smilie here]

[AlanGreenspan]

Arrested? No way, i was enjoying some paid vacations at the Bohemian Grove doing some naked rituals and eating a few babies ... you know, nothing out of this world.

[Alferd_Packer]

I can't even imagine what was going on in that persons mind, I guess they thought they were really on to something though.

Obviously not the fact that Northwestern University is not in Chicago.

[Alferd_Packer]

Of course the funniest bit of Twooother economics is the theory that 9/11 was just a cover up for a billion dollar bank robbery.

[AlanGreenspan]

Talking about gold, one of the scholars came up with a theory on why the price of gold hit a certain level yesterday:

Yes - 666 on the date of

7/13/7

no less.

Its called the LONDON FIX - because the price isn't set strickly by supply and demand - its FIXED.

Illegal for everyone else - but not for the MASONIC BANKSTERS in LONDON.

Masonic banksters? Wow.