Bernanke:- We lost control

[lomaxzoltor]

Re: Bernanke:- We lost control

Not to mention that even if Bernanke, Yellen or whoever could pull that off, it'd still leave 1/3 of the economy decimated and half of it in a corn field.

[EJ]

Re: Bernanke:- We lost control

Difficult to counter that.

Canada doesn't really have that much to recommend it.
Two seasons: Winter and mosquitos.
Gets so cold the words freeze as they come out of your mouth (which is why it gets so loud up here during the spring thaw).
When we aren't shovelling snow we have to spend our time raking all those damn maple leaves.
The national sport is supposed to be ice hockey but we are so bad at it the last time we saw the Stanley Cup was when Montreal won it TWENTY years ago (depending on who you talk to we're not even sure Montreal is in Canada).
No original economic ideas whatsoever, which explains why we just copied your real estate bubble as a prime driver of our economy.
And now we can't even give our oil away to you 'mericans.

Our Dollar is getting cheap again. Maybe we can entice you to come up here for vacation to fill our hotels and buy some polar bear trinkets?

I recall a business trip to Toronto in 2004 while working for Trident Capital when my cab driver told me he lamented that since the early 2000s he was no longer able to take his family to Florida on vacation as the Canadian Dollar was too weak but that over the past few years things were looking up. I told him that I thought the affordability of trips to Florida with the wife and kids over the coming years was virtually guaranteed.

Then in Toronto in 2006 I attempted to reassure a Canadian couple at a pub that parity between the Canadian and USD was assured. They thought I was daft. They were certain that the 2001 to 2005 trend was due to reverse at any moment.

I think Canadians have an inferiority complex about their currency and their leadership. Thing is, it's not that ours is better here in the U.S. it's just that the scale of their activities is much, much bigger. But I suppose that's everything. Or almost everything.

Maybe this says it all. What's wrong with this picture?

[Mega]

Re: Bernanke:- We lost control

Your in Good company EJ
http://kingworldnews.com/kingworldne..._Collapse.html

Mike

[BadJuju]

Re: Bernanke:- We lost control

Gerald Celente should be ignored. He has been saying inane shit for years. He's just another Max Keiser but worse.

[ST]

Re: Bernanke:- We lost control

heh, I enjoy the TD as "America's most convenient bank", equally amusing watching BMO buy up the U.S. midwest. Inferiority complex yes perhaps, though ironically when you grow up in Canada you realize that the nationality is defined by a proudly negative comparison to the U.S.

on hockey, ah well even if they're not being paid enough to play in Canada, at least they still make up the majority of the NHL (still wear my Canadiens ballcap):

quant hockey 2013.PNG

[GRG55]

Re: Bernanke:- We lost control

...I think Canadians have an inferiority complex about their currency and their leadership. Thing is, it's not that ours is better here in the U.S. it's just that the scale of their activities is much, much bigger. But I suppose that's everything. Or almost everything.

Maybe this says it all. What's wrong with this picture?

"America's Most Convenient Bank" is Canadian...

[EJ]

Re: Bernanke:- We lost control

"America's Most Convenient Bank" is Canadian...

And they are advertising on the official site of the Boston Bruins.

[GRG55]

Re: Bernanke:- We lost control

And they are advertising on the official site of the Boston Bruins.

We Vancouverites don't like to even mention the Bruins ever since this:

http://www.youtube.com/watch?v=9QATBS0D9OM

Instead we find it much more fun to talk about how our houses went up another 10% in value last week, and listen to the taxi drivers explain how they are going to retire rich on real estate...

[GRG55]

Re: Bernanke:- We lost control

heh, I enjoy the TD as "America's most convenient bank", equally amusing watching BMO buy up the U.S. midwest. Inferiority complex yes perhaps, though ironically when you grow up in Canada you realize that the nationality is defined by a proudly negative comparison to the U.S.

Definition of an American: Someone who doesn't get offended when they are mistaken for a Canadian.

Sorry about the duplication on TD. For some reason I hadn't yet seen your post when I made mine below. ;-)

[lektrode]

Re: Bernanke:- We lost control

We Vancouverites don't like to even mention the Bruins ever since this:

http://www.youtube.com/watch?v=9QATBS0D9OM.....

uh huh - but hey!
if you guys are gonna keep it up with the grins n funnies - up there in the pointy-end of this on/off-controlled rocketship,
could y'all at least have the flight attendant wheel down the refreshment cart to us back here in cattle class???
we're gittin thirsty and hungry (even if all we get is peanuts on this 'airline' ;)

[reggie]

Re: Bernanke:- We lost control

http://www.silverdoctors.com/bernank...taper-in-2013/

He con-ter-dicks himself everytime he opens his month...........
He reminds me of that Airfrance plane that crashed into the sea a few years ago........they knew they were crashing but powerless to stop it........ (laws of aero-dymanics can't be spun into a CDO)
Mike

I just love the "Out of Control" meme. You're going to be seeing more of it as we migrate away from "overt" institutional control and more toward networked system controls. In other words, the public is still under control except that the mechansms appear chaotic and are not obvious except to those trained in the appropriate sciences. Hence, Bernanke is just following propaganda directives here, acquainting the public with the notion that even-the-FED can't "control" our economic system anymore... because it is spiraling out of control. Watching these guys work is like watching a fine Swiss watch

Here's a great intro to some of the concepts by the Editor of Wired Magazine....



http://www.amazon.com/Out-Control-Bi.../dp/0201483408

Full Text Online
http://www.kk.org/outofcontrol/contents.php

Here's an illustrated version...
http://www.kk.org/2008/08/out-of-con...llustrated.php

http://www.mediafire.com/download/te...jne/ooc-mf.pdf


Or, just jump to a couple of the more pertinent chapters...

The collective intelligence of a mob
http://www.kk.org/outofcontrol/ch2-b.html
Or, the collective pattern that the mob produces, which can be measured and adjusted via sophisticated computer sensors (ie cell phones, laptop computers) and Big Data feedback algorthms delivered through the propaganda machine (main and alt media)

Asymmetrical invisible hands
http://www.kk.org/outofcontrol/ch2-c.html
The public is the source of information necessary for control, while also being the target of system feedback also necessary for control. The invisible hand is the network of technology and accompanying algorthms that are able to create steady states within the social to the specs of the system designers.

Your Air France analogy is not bad, but it deserves better understanding of why they crash.
In a nutshell :
1. they lost instruments due to icing
2. they did not see they were stalling (believing slow air speed alarm was a false positive),
3. they pulled on the stick like mad while they should pushed on it, to put the plane in a descending path, regaining lift and
flyability.
4. When they finally understood and tried that, it was too late too low.
The whole thing in 4 mins.

With respect to the Air France analogy, I would like to provide the following...

The pilots forced inaccurate outputs on the airplane's controls because some of airplane's feedback systems were providing inaccurate information, about the airplane's trajectory and attitude, to the pilots, mostly because icing interfered with the airplane's external sensors. Bernanke's response, which is consistent with the global trend, is to replace piloted aircraft with remotely piloted vehicles, where the number of sensors on the aircraft are increased exponentially and the controls provided by computer driven algorthms that monitor every airplane sensor continuously and drive the plane in accordance with systems that are not-democratically architected. In such a system, accountability is lost, and public redress out of the question. Of course, Bernanke only reveals the "problem" to the public at this time, with the prescribed solutions awaiting in the shadows.

[kantx]

Re: Bernanke:- We lost control

will you let me pump fuel from one wing tank to another to control bank?

You cannot control bank that way. Wing tanks are not linked. There is only a central bank.

[kantx]

Re: Bernanke:- We lost control

With respect to the Air France analogy, I would like to provide the following...

The pilots forced inaccurate outputs on the airplane's controls because some of airplane's feedback systems were providing inaccurate information, about the airplane's trajectory and attitude, to the pilots, mostly because icing interfered with the airplane's external sensors. Bernanke's response, which is consistent with the global trend, is to replace piloted aircraft with remotely piloted vehicles, where the number of sensors on the aircraft are increased exponentially and the controls provided by computer driven algorthms that monitor every airplane sensor continuously and drive the plane in accordance with systems that are not-democratically architected. In such a system, accountability is lost, and public redress out of the question. Of course, Bernanke only reveals the "problem" to the public at this time, with the prescribed solutions awaiting in the shadows.

An aircraft cruising at 37 000 feet suddenly loosing apparent speed and altitude is stalling. Facing high altitude stall, you let the stick go to regain flyability : you just don't pull, you push. Apparently, they first feared overspeed because data told also that. But physically, it appears the A330 was descending flat, which is characteristic of high altitude stall.
As per my #6 post, when fed with wrong data, lest being confused, "fly with your pants" pilots turn to basics. Obviously, both co-pilots were too much "high-tech" and not "pants" enough. One has to remember the plane was flying in "alternate law" (http://www.airbusdriver.net/airbus_fltlaws.htm), meaning you just have basic data and your guts to properly get what the machine you're trapped in is doing.

Had it been in daylight, with plain view of their surroundings, they probably would have made it.
Sadly, it was pitch dark and the captain was exhausted ("I slept just one hour last night. One hour. Not enough", he's heard on the VCR). Physical and nervous exhaustion is a major cause of incidents or accidents (mainly in the US where unions are weak. Less so in Europe.)
In some cases, you have to act very quickly, no time for analysis, instinct and years of experience only, and instruments contradict that. (Another fact was AF447 was just transiting between two beacons, with a lag in transmission. Accidentology is full of that : main causes and small glitches conspire to the perfect storm.)

[reggie]

Re: Bernanke:- We lost control

An aircraft cruising at 37 000 feet suddenly loosing apparent speed and altitude is stalling. Facing high altitude stall, you let the stick go to regain flyability : you just don't pull, you push. Apparently, they first feared overspeed because data told also that. But physically, it appears the A330 was descending flat, which is characteristic of high altitude stall.
As per my #6 post, when fed with wrong data, lest being confused, "fly with your pants" pilots turn to basics. Obviously, both co-pilots were too much "high-tech" and not "pants" enough. One has to remember the plane was flying in "alternate law" (http://www.airbusdriver.net/airbus_fltlaws.htm), meaning you just have basic data and your guts to properly get what the machine you're trapped in is doing.

Had it been in daylight, with plain view of their surroundings, they probably would have made it.
Sadly, it was pitch dark and the captain was exhausted ("I slept just one hour last night. One hour. Not enough", he's heard on the VCR). Physical and nervous exhaustion is a major cause of incidents or accidents (mainly in the US where unions are weak. Less so in Europe.)
In some cases, you have to act very quickly, no time for analysis, instinct and years of experience only, and instruments contradict that. (Another fact was AF447 was just transiting between two beacons, with a lag in transmission. Accidentology is full of that : main causes and small glitches conspire to the perfect storm.)

This discussion is developing into an excellent analogy of our society and its future, where the pilots are a metaphor for the public and the airplane a metaphor for societal systems....

First, the pilots, instead of trusting their own observations and orientation to their environment, and making decisions/actions based upon those judgements, have been taught to rely heavily on system outputs, which of course is technology centric. The same can be said of the public, who instead of trusting their neighbor, working in small local community, and developing systems of self-reliance that they control, rely on inputs from mass digital media to assess their environment and their relation to it. In short, we're losing our ability to trust in ourselves, and expend enormous energy analyzing system outputs in incredible detail, putting our egos on the line in online forums such as these, and then submit our response back into the system instead of talking face-to-face with another human in our lives. Hence, everything gets input into and processed by a system that we don't understand and underestimate.

Second, the pilots were exhausted, ultimately submitting themselves to the airplane's feedback control systems because they lacked the energy and the wherewithall to do anything else. This again, is where the masses are headed. This is a goal of the miltary doctrine of Full Spectrum Dominance. There are military academic theses on this subject. The systems in society are designed to change at such a fast pace that the masses will not be able to keep pace, and will exhaust themselves in any effort to keep us. So, only the the very young will keep pace, but quickly burnout, to be replace by a new batch of MIT-Stanford-Caltech-Harvard 20-somethings. Everyone else with either opt-out or submit to the system's-lead.

The problem with submitting to such a system is not only that it will drive the rules that the masses will live by, but that those rulesets will be irrational and inconsistent (in the way that Goedel described inconsistency in mathematics). To bring us back to the airplane analogy, society will become chaotic because the system will possess the ability to manage chaos and instability, as is done in the X-29 aircraft (pictured below):



I think the average person can see that the above experimental aircraft is inherently unstable. Meaning, it won't fly because the aerodynamics simply don't support stable flight. The aircraft is designed that way deliberately, because the control & dynamics engineers have learned that they can control inherentely unstable aircraft with extremely advanced computerized feedback-control systems, which make thousands of adjustments every second in order to make an unflyable and unstable aircraft flyable and stable. The benefit of such a design is that it facilitate extreme maneuverability and agility.

Now, apply the benefits of the systems found in such an experimental aircraft to society, where we will have a social system with almost no institutational barriers or constraints, facilitating rapid changes to society. Further, by creating a chaotic social system others within the system will not possess the leverage to acquire power within the system, and again, rapid social changes will be possible due to little friction in a social that is chaotic and therefore possesses almost no resistence to change. Finally, with litle to no institutional framework in place, objective knowledge amongst the massess will be almost impossible to maintain, and therefore everything will become relative, subsuming to system rules that are internalized by the public.

In short, society will migrate from a sea barge to an experimental aircraft with incredible dexterity. Sure, visible pilots will be able to maneuver the vehicle, but even their efforts will ultimately be limited by the feedback-control systems designed and deployed by the military industrial complex (and their vast array of front companies).

A great movie to watch that illustrates the madness is the 1985 production called Brazil, where a small drop of ink in the wrong place changes lives.

http://www.imdb.com/title/tt0088846/

Now, to bring this full circle. When Bernanke says that "we've lost control", he is saying that we should do what the aircraft engineers have done, as in the X-29, and that is for the public to defer to dynamic and control supersystems in order to manage our global economic system. So, in that kind of system, whoever designs, codes and operates "the system" is the one who makes the rules, not unlike the Trainman's response to Neo in the Matrix triology (video clip below).

[ProdigyofZen]

Re: Bernanke:- We lost control

And they are advertising on the official site of the Boston Bruins.

But isn't the Bruins ice rink TD Gardens? After the crushing blow the Bruins gave my Penguins, I have no interest in hearing about them! A Blackhawks/Pens final would have been much more entertaining .