zaterdag 24 december 2011

Parables

'The heart of the sensible will reflect on parables, an attentive ear is the sage's dream.'

Ecclesiasticus: 3,29

donderdag 15 december 2011

dinsdag 13 december 2011

Purpose

'Only a constant purpose can endow events with stable meaning'
(...)
'A common purpose is the only whereby perception can be stabilized, and one interpretation given to the world and all experiences here.'

From 'A course in miracles'.

maandag 12 december 2011

Rage and joy

'The rage of the wicked cannot put him in the right, for the weight of his rage is his downfall. 
A patient person puts up with things until the right time comes: but his joy will break out in the end.'


Ecclesiasticus: 1, 22-23

donderdag 8 december 2011

The Euro-fantasy

Charles Hugh Smith,  It's your choice, Europe: rebel against the banks or accept debt-serfdom. www.oftwominds.com/blogdec11/euro-debt-serfdom12-11.html

(...)

'So you see, Europe, there is only one choice: either accept the endless debt serfdom of ever-rising interest payments and lower income and productivity, or rebel against your pathetic lackey leadership and renounce the entire mountain of unpayable debt. Grasp the nettle and renounce the euro as the fundamental cause of your fantasy and collapse, and revert to national currencies which enable the market to discover the price of your underlying productivity and ability to borrow money.

Renouncing the euro does not mean renouncing the freedoms of the European Union: the two are only bound at the hip in the minds of your enfeebled leadership, who are in thrall to the leveraged-26-to-1 banks that are poised on the edge of insolvency.

Let the banks implode in bankruptcy, clear the worthless "assets" of debt from the books, and let the market price currencies and everything else. The only other choice is debt-serfdom.

All the other schemes and proposals are simply variations of one single fantasy: that the feckless leadership can fool the repricing genie with parlor tricks. They can't. Everybody with any understanding of the situation knows that the debt bubble has already burst, and risk and debt cannot be repriced back to fantasy levels.'

(...)

vrijdag 2 december 2011

Preferential independence

'The preferencese at any given time may be dependent on what consequences recently have occured. (...) Specifically, attributes measuring impacts in time period t are not preferentially independent of those measuring impacts in time period t - 1. The general reason is that the level of impacts in time t and the change from t-1 are concerned with different fundamental objects'

Keeny, R.L. 1992. Value-focused thinking. Cambridge. Massachusetts. Harvard University Press, 173.

Another futile thing

'Another futile thing that happens on earth: upright people being treated as though they were wicked and wicked people being treated as though they were upright. To me this is one more example of futility.'

Ecclesiastes: 8, 14