Thursday, April 17, 2014

Blog Post #86 - SpaceTime conundrum and Mont Pelerin society for layman,laywoman and laychild #STEM #Economics


Planning and Execution are two different concepts Just like Thinking and Doing.

Sometimes we get confused.

Well Begun is still only half done.

Sometimes it feels like Knowledge is power. Knowledge is useless unless acted upon .
It could be acting upon improving the knowledge itself!

Sounds weird. Think about it!

We believed that Atoms had protons,neutrons and electrons. Now we believe Quarks make them up (3 in number - 3 quarks for protons, 3 for neutrons).

Scientist who think in a different plane.

Let's say we decide to meet at 3 pm my house on a Saturday ( you will not meet me for sure as I will be napping - remember this is just an example!).

Now we have decided the co-ordinates - x,y and z plane. (Ground floor and not upstairs!) and time - Saturday Apr 19 2014 3pm.

This is what Einstein called SpaceTime conundrum.

x,y,z and t - 4 planes.

Every object has weight = mass * gravity.

Mass is given to the atom by Higgs Boson.

Yes, no one has seen Higgs Boson and now let us talk about string theory-
String theory says each particle (quarks) may be representing to us in our plane and it might all be made of the same thing.

Very confusing? It should be - if it was easy these folks won't get Nobel Prize.

These Knowledge when used to produce objects (chemicals,weapons) or anything destructive causes us harm otherwise these are Eureka scientist running their merry way.

Which abstract thinkers should we then worry about? - Economist!

Neo Liberalism is a concept we don't understand easily but affects our life profoundly.

Post World War 2 original thinkers sat down in switzerland - the place Mont Pelerin and worried about Western nations and its welfare.

They came up with proposals which in effect had the following (I am oversimplifying  and providing my own explanation - anything wrong with that?)

1. Make European countries money traders - Hedge fund managers and all complex instruments in banking
London (and its extension Hongkong which was given back to china after 99 year lease), New York, Switzerland and European banks. Think about these entities. Corrupt politicians and industrialist all across the globe rush their money from Africa ,Asia ,Latin America  to yes you guessed it right - Europe and US.

2. Encourage Free trade - no trade boundaries. Every country must allow import and export . No more protecting its local industry - cotton producers in Botswana complain about US subsidies to US cotton producers.

3.Ensure Developing/Emerging countries open their country and market - In short, countries like India are given loans - huge sums which never reach India. They are given to Multi National Corporations which inturn completes the project and leaves the country in Debt .To repay the country like Brazil or Nigeria has to sell their real assets for a cheaper prize. Amazon trees in Brazil or Oil in Nigeria.

World bank and IMF are two entities which are nothing but European and US banks.
The US banks have another name - do you know what that is? - Federal Reserve.

If you believed Federal Express (the parcel company!) is a Federal Agency (US government owned) then we might as well believe Federal Reserve is owned by US government.

The US treasury creates money for Federal Reserve. (From wikipedia)

Four main components of the Federal Reserve System are 
(1) the Board of Governors
(2) the Federal Open Market Committee
(3) the twelve regional Federal Reserve Banks
4) the member banks throughout the country.





Most countries you know are in debt - in trillions of them.

Most banks continue to make millions in bonus.

Hedge fund managers own islands and banks own government

It is famously said that

In every country , every downtown and every vehicle is mostly owned by 5-10 banks

Look at your neighbourhood in any country - yes - all of those are owned by banks.

Your friend lives in a house. He/She thinks they own the car or house.
Nope - the bank does!

Your company's office building is owned by the banks!

Downtown building,cars,houses,cows,sheep,planes,ships - mostly owned by banks!

The list goes on and goes.

This is how we landed in a state where we don't know the power of banking which uses knowledge of Mathematics (using derivatives!)!

Encourage kids to do finance and not science.

Keep Learning
Sivakumar Manikanteswaran

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