muses of the moment

December 14, 2010

Max keiser wins

Filed under: Gold and Silver Investing, Precious metals — Tags: — totallygroovygirlfriday @ 3:41 am

Click here for the JP Morgan’s announcement that it will reduce its silver short position.

A victory, but groovygirl doesn’t quite believe JP Morgan and suggests to continue to buy silver to break JP Morgan. JP Morgan could do a couple of things, sell some short positions to another fund they control or just announce they are selling and really do nothing and jam the market in the meantime. Click here.

We will keep an eye on this. Whatever the outcome, still a great victory for Max that JP Morgan has to respond in some way. The power of the internet.

Speaking of Max, great interview via his website with Harvey Organ. Click here. This is a very important interview! Lots of info on the precious metals market and the bond market and the coming derivative blow-up (part 2). Rob Kirby says: a 1% rise in interest rates costs JP Morgan a half a trillion dollars and wipes them out. So, Fed either bails out JP for another trillion or they let them fail. Either way, derivatives will implode the global banking system either slowly or quickly. There is no turning back now.

Click here for more info from Mr. Kirby on the bond market derivative scam. Take a look at that derivative chart and note the huge gap between total assets and total derivatives for every single US Bank. The only reason these banks have not failed is creative accounting by law and Fed bailout money (your tax dollars). At some point those issues must give. This is the loss of confidence we, as gold holders, are looking for.

Groovygirl also wants everyone in the first world to take note of this mountain of derivatives. When the governments try and blame taxpayers for too much debt and not enough sacrifice, show them this chart (it will be so much worse by then). It displays very clearly who is responsible for the global debt problem and implosion.

Is America dumb or just programed?

Filed under: Odds 'n ends, The Financial Crisis — totallygroovygirlfriday @ 1:29 am

Only two choices? That will never do.

Groovygirl has never been one for school, she found it boring. She only found the joy of learning after she left school and could actually decide for herself what to learn. Libraries and then of course, the internet, provided more than enough knowledge base to learn anything at all.

That’s why she found the recent posting on Jim Sinclair’s website so interesting. A large pdf of the book, The Deliberate Dumbing Down of America. Click here.

Here is a quote from page 99-100:

Many critics have been especially dissatisfied with his attempt to refute the
charge that programs limit creativity. Clearly when the person composing a program decides in advance what is to be learned and how it is to be learned, a student has no opportunity to develop in his own way. He is limited by what the programmer knows and by how the programmer learned….
It is true that the student might use the material in an original way after he had finished the program, but there is the possibility that programmed instruction interferes with this process.

This quote struck me in the use of the word “program”. The quote is from a document published in the 1970’s, well before computers entered the school system. This use of the word, program, is meant to refer to the school education program.

But what of its use today, and its meaning for computer program or gaming program or google program.

Could our computer programs, no matter how vast they seem, really be a limitation? Or could they turn into a limitation for real learning outside of the current school system?

Are computer games programing responses? Is google limiting resources by making popularity the basis of its search programs?

Computers are always limited by the number of responses possible within the program. And you have to ask the right questions in order to get the answer you need. The “browsing option in the library” is always limited in today’s games and software, no matter how many choices for the next level.

You are always confined by the rules or software of the game, no matter how sophisticated it may seem at the time. Pong was the height of sophistication at one time (not so long ago). We would never think of choosing to play Pong over Wii today. But even Wii is a computer program.

Could these “programs” so narrow the access to and a love of research of knowledge, that we inadvertently usher in another Dark Age? If so, who will keep quite watch over the low light of historical knowledge and learning and information? The Irish monks?

Side musing: one of groovygirl’s favorite books for provoking actual thought is Allen Bloom’s The Closing of the American Mind. Click here for a brief summary through wikipedia, or read it for yourself in your local library. Mr. Bloom suggests many parallels between the lack of teaching of rational thought in the education of a society and totalitarianism, via the historical example of the Weimar Republic and the rise of the Nazi movement. Although groovygirl doesn’t agree with all of Mr. Blooms’ conclusions, she doesn’t think he would mind, as long as she can support her argument with logical thought.

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