< To declare every actor in the drama of life to be part of the market is simply an incorrect definition. There are and have always been extra-market forces, and the ones I listed above are more to blame for the banking collapse than the "free market"...>
It is just that blind belief in the free-market that led your country to economic collapse. This collapse was not engineered; it is not an international conspiracy. It is the natural consequence of unbridled greed, encouraged by govt non-regulation and fuelled by the rampant stupidity of those who should know better. -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Bob Calco Sent: Thursday, 12 February 2009 9:21 AM To: 'ProFox Email List' Subject: RE: [OT] Pure Unadulterated Insanity > So when you see something REALLY unusual in terms of normal market > behavior > -- like, oh, say, half a trillion dollars suddenly and precipitously > vanishing from money market funds of a particular country one fine > afternoon > for no particular reason-- the assumption it's a "market force" may not > be > true.> > > Well, actually you are wrong. The market is composed of everybody who > is in > or affects the market and that involves all of the above. On this we simply disagree. The Government has the monopoly of force and can impose its will. The market is a much more dynamic and participatory process. It is absurd to think of conspiracies in a pure, free market. But our market has not been free in this way in ages, and forces that are decidedly anti-free-market do manipulate market and government entities to achieve ends that are hostile to the same. To declare every actor in the drama of life to be part of the market is simply an incorrect definition. There are and have always been extra-market forces, and the ones I listed above are more to blame for the banking collapse than the "free market"... Suppose we learned the Chinese government was the entity that ran on the banks that day. That's not the same as millions of individuals just simultaneously reacting to market data and pulling their money all at once. The former is a premeditated action calculated to have some effect, and the latter is "just a market process." I'm not convinced what happened on Sept 18th is innocently explained. The bigger problem is nobody seems even mildly curious about this. - Bob [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
