George Soros on Nov 2 says that the second real-estate crahs will be around the corner in its 'terrific'!.
I think the US president knows a lot of things but does not wanna reveal.
Unemployment has improved from 10.2% to 10%.
If you want to undergo a paradigm shift you have to go through a crisis of life, your believe is shaken to the core, existential angst! I had 3 crisis in 3 years?!! Am i in trouble? Or am I become better?
Alvin Toffler(3rd most influential person after Bill Gates and Peter Drucker)- you as manager must think the unthinkable!To think out of the box you have to ask "Where is the box?"
"If U do not think, no hope for society"
We are the ones who helps to raise the std, but we are not popular.
"these are the perosn who are always unwelcome" - from class
"I always pay the price, that's why i have to be exiled" - RB, seriously, is it because I am rebelling tis because society does not allow?, I will make change
"we all collude to maintain thie paradigm"
"the more successful u r the more vulnerable" you are trapped in this cycle
"success leads to failure, Karl Marx mentioned about this, Das Capital has resurgent of sales
The difference between a football watching in tv and stadium is that in tv you are controlled by the camera, you dun have "corner of the eye knowing", the anticipation of it all
He uses Hans Holbein painting to thing from the corner of the eye.
"The more focus you are the more blindsided you can be", hey I have this corner eye skill here right?
Schizophrenic can't see possibilities, the more we pursue capitalism the more schizophrenic we become. RB highlighted the book A Thousand Plateurs: Capitalism and Schizophrenia, that highlighted people tendency to focus too much on capitalism and its benefit, that it is the only way around for the betterment of the world, that people do not see the pitfall from it, that capitalism is the root of the turbulent financial crisis.
The Brent Spar affair- Shell who pride themselves with the Sixth Sense book, but they did not anticipate the Brent Spar 1995, the only explanation to this is that they do not see this?
I do not know why I have Debbie Gibson's For Better or Worse in my brain.
Video by Paul Krugman? Well nobody's perfect, old people still cant manage video.
Financial History in 12 th century- The Ripple Effect of the Subprime Mortgages in an interconnected world.
Starts with roman numerical in Italy 12th century, backward europe needed to be imported. Fibonacci entered- sequence mimic the property of nature. Hindu were better in making calculation. So Fibonacci made numerical changes.
Why shylokc recur again and again? Shylock could be a jew. For christian, lending money of interest was a sin. Rate is very high by Jew, the loan shark. Lenders decided to become bigger and more powerful, and invented banks. The Medici family, 3 became pope, MaChiavelli is also a Medici. they were the forex dealers.
Many medici chargeCame Giovanni Medici who made accounting that got Medici off the antiUsury law. People put moeny and were rewarded with risk related. NO sin to that. Interest was dicreetly concealed. Money lending become banking.
The basis of world today is based on ecnonomic failure.Memphis example. brandkcupties is as common as liberty of life etc in USA
Brancupt might be billionaire, seems to be so with America, they were given chances compared to UK where brankrupt is jailed.
Monoply is invented 1903 to expose the real estate agents unscrupulous actvities. "it's smart o lend properties ,adn it's smarter to lend people, house can't run away"
There's where subprime occur, "safe as houses"?
Before teh recession in 1918, only 2/5 population own property, after 1918, employee layoff causes revision of communism, FDR decided to form Fannie Mae to help popultion own propeties. Properties market were formed. But not everyone is given the properties. the african american. They were uncredit-worthy. Prime and subprime were created.
NO asset, no job, - ninja loan
How come u know they will default u still sell? = Securittion - repackage it for otherers.
how did chinese crisis-free? investment in form of factory less liquid, u can get away from it, now china lend money to america.
Finance market is not exact science, that's y gloabalization is vulnerable to this.
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