A Great Explanation of Econimic Crisis

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	A Great Explanation of Econimic Crisis

conches

10-12-2008 1:47 PM

453 views

conches says:

Any system of imaginary value can be made solid if you just believe. Peter Pan taught us that, right.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7f8aee7b-c401-4ddb-8908-abe63dda07f8/AC1379F1-EF30-447C-8489-0AC9FE24F718/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.doorsofperception.com/archives/2008/10/post_31.php" href="http://www.doorsofperception.com/archives/2008/10/post_31.php" style="font-size: 11px;">www.doorsofperception.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.doorsofperception.com/archives/2008/10/post_31.php"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.doorsofperception.com/img/C21978A8-A358-4BB3-98B8-925D1A8F8350" alt="fpml-manual-process-old.gif" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.doorsofperception.com/archives/2008/10/post_31.php"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.doorsofperception.com/img/323F649D-8B0C-4F60-A458-3FC85A0E57B3" alt="piramid.png" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.doorsofperception.com/archives/2008/10/post_31.php"><H2>October 11, 2008</H2>
<H3>Toxic sludge machine </H3>
<P><IMG height="250" width="366" src="http://www.doorsofperception.com/archives/piramid.png" alt="piramid.png" />
<IMG height="650" width="352" src="http://www.doorsofperception.com/archives/fpml-manual-process-old.gif" alt="fpml-manual-process-old.gif" /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.doorsofperception.com/archives/2008/10/post_31.php"><P>The chart looks neat and orderly - hygienic, even, with all that blue - but reflect a moment: The system has been programmed for deranged individuals who, as we now know, believe that exponential growth to eternity is a right and proper basis for the design of the world's financial system.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.doorsofperception.com/archives/2008/10/post_31.php"><P>The process chart above describes something called a <A href="http://www.fpml.org/about/factsheet.pdf">Financial Products Markup Language </A> which is said (on its website) to be "the business information exchange standard for electronic dealing and processing of financial derivatives instruments". The idea is to "streamline the process supporting trading activities in the financial derivatives domain". </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.doorsofperception.com/archives/2008/10/post_31.php"><P><A href="http://en.wikipedia.org/wiki/GIGO">Garbage In, Garbage Out</A> - abbreviated to GIGO -  is a phrase used by computer programmers to remind laypeople that computers "will unquestioningly process the most nonsensical of input data and spew out mountains of erroneous information in a short time". </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/AC1379F1-EF30-447C-8489-0AC9FE24F718/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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