Generational Dynamics Forum - New Site

A concept of game theory where the optimal outcome of a game is one where no player has an incentive to deviate from his or her chosen strategy after considering an opponent's choice.

We live and build on our mistakes and consensus in a busy world as all do.

John wrote:I agree. I believe that before this is over, Germany will cave completely
on every point -- but it will be too late.

John

I believe that boils the emotional argument for a collapse later, rather than sooner, down pretty well.

If the European Central Bank can start printing Euros and loaning Trillions against toxic assets fast enough; and if the 700 Billion Euro rescue funds and the European Central Bank can start buying government bonds of Italy, Spain, Ireland and Portugal on the secondary bond market fast enough, this could "kick the can down the road" a year, or two, more.

This has worked in the U.S. for years without fixing the underlying problems up front, and without unwinding a substantial portion of the Real Estate related toxic assets since.

If the EU can not act fast enough, then sometime between now and year end looks more likely.

( It is interesting to note this will be much harder in the E.U., than the U.S., because the EU does not have both EU wide bank regulators and a single national bank, that can coerce banks into doing their bidding in areas where the Central Bank is unable to act due to legal and political perception constraints )

The U.S. administration is pushing hard to get this extended, at least beyond the U.S. elections, and, from the gray hair and the fear showing on U.S. administration officials, they are not sure they can do that.

The fact of the matter is when you are that close to the event horizon it is already over.

aedens wrote:The fact of the matter is when you are that close to the event horizon it is alreay over since sane actors do not go there.

Who are you defining as sane actors?

thanks to aedens: http://video.cnbc.com/gallery/?video=3000100509

If the above analysis is correct, the only way to delay the doom day scenario of EU Common Currency Zone break up is to keep Greece and every other country in the EU Common Currency Zone as long as possible.

The only way to do that would appear to be taking over the Greek banks by the EU Zone and bailing out all the at risk states by printing money at the European Central Bank and buying the sovereign bonds of individual countries in the short term, and going to common issue bonds in the long term.

May, or may not, happen. But that does appear to be the only way. If the above linked analysis is correct.

H sums it up http://generationaldynamics.com/forum/v ... utin#p3558

http://www.cnbc.com/id/47356500/?Global ... 13_Roubini

http://www.cnbc.com/id/48116835

Based on the above two articles Roubini is saying 2013 at the earliest.

And what he is describing is global recession.

aedens wrote:
... we decompiled bots to rts for bios firmware deletion ...

I am curious.

What type of bios firmware on what type of components and systems and equipment were you deleting ?

Does rts stand for Real Time System, or Request to Send, of Real Time Strategy ( game ) or something else ?

What does "bots" mean in this context ?

I am truly curious...