Place for Dummies to Hang

[trichrider]

and what we can't help shouldn't be accountable.

just ghosts in the machine if you will.

 

[VerdantGreen]

i think with humans there is a constant conflict between our basic animalistic instinct, and the social and moral codes that we aspire to and our societies require - and in most cases these requirements are a good thing, i guess its part of being civilized.

e.g. we are naturally tribal and suspicious of strangers, but civilization often requires us to live in close proximity to different cultures and strangers etc. Woldwide travel is a reality so we really need to be able to rise above our basic instinct.

a recent study actually found that racism was strongly connected to low intelligence i.e. stupid people find it harder to use their intelligence to over-ride their natural instinct.

nature, albeit amazing and miraculous, is incredibly cruel. Humans have the ability to make choices and we should make the right ones.

VG

 

[Galactic]

Humans are part and parcel of the natural world, not something separate.

I agree. and can see how what i wrote would imply separateness. If anything what you say is the greatest law, which all other laws of self governance can derive from and flow on down in harmony. We are not separate but just like what i typed seemed to imply that premise, so the same are the actions of humans on this rock Earth. Do you observe similar?

Absent separateness, how does one's mind/self now dictate action? Let's suppose the energy of an isolated system is constant

Humans are not separate from nature, we can drop the 'human' and lets proceed instead using Nature. 'Human' can be an aspect of the whole, unseparated, isolated picture.

Now, if an aspect or element of the whole became unbalanced (the state or condition of lacking balance, as in proportion or distribution). the 'Human' aspect of Nature has a large proportion of the entire isolated systems'(i.e. Nature) resources/capital under its separateness-premise-accepting will, which is like a big shit sandwich.

 

[unspoken]

Gramps...I feel like you, being a very linear thinker, see the world to a large extent like a work process flowchart. I see it more as an interconnected 3d mass. You have a starting point where you say "this must start here." Whereas I am kind of zooming in and out of my interconnected mass to find different starting points and different connections/paths to arrive at a logical conclusion. I feel like non linear thinking provides more flexibility/adaptability in the connections I make, but ultimately those connections must be made with logic. This is why I think you seem so "this or that" "get in the box" "black and white" while I see more in shades of grey. You think "linear or non linear," and I think "they both have their merits, what is the proper ratio?" (The same way I feel about Keynesian vs. Austrian)

 

[Galactic]

Ah... Interesting.. Ive been learning more and more about the ego and its primitive, albeit necessary function..

When you examine fear, you realize it has no weight.. Studying how I perceive it has helped immensely.. Still, I confuse cognizance with manifestation sometimes and I catch myself trying not to do that, perhaps attacking fear from the source is the only way..

Its almost as if the ego is nothing more than our manifestation, but Im finding peace for the first time in my life the further I remove myself from its grips..

Also, you are clearly ntp...

Your ten laws show a disposition for the physical aspect of life, the primal needs, food/shelter/water/fire, survival and procreation. Slightly more imaginative than Darwins laws only with a few 'better' steadfast rules/paradigms/hierarchies to 'live by'. It's amazing how similar we are in how well of a grip our own egos have on us.

Your distinction of cognizance vs manifestation shows you are many levels up on your control of intellect. i bet you feel like that's all that exists because you see the its never let you down even when it had a tough lesson for you while you see people delude themselves in the world with their inconsistencies while they yell YOLO.

I get the impression you are able to take an idea/concept and extrapolate/theorize from a micro to macro scale and spot the inconsistencies and you continually add it/update your Master Blueprint of Life and what is Real and what is not. *not sure if you get what im saying here... its a big reach but i think you got me

You are so close to what you seek bro

Enjoy

Senses Five

Does Man Perceive.

The Focus on Self

Restricts All That Is.

Limited in Scope

The Ocean not Seen.

A Drop of Rain

He Believes Is His World.

So as He Believes

So He Shall Be.

So Let it Be Written

 

[Jbonez]

Your ten laws show a disposition for the physical aspect of life, the primal needs, food/shelter/water/fire, survival and procreation. Slightly more imaginative than Darwins laws only with a few 'better' steadfast rules/paradigms/hierarchies to 'live by'. It's amazing how similar we are in how well of a grip our own egos have on us.

Your distinction of cognizance vs manifestation shows you are many levels up on your control of intellect. i bet you feel like that's all that exists because you see the its never let you down even when it had a tough lesson for you while you see people delude themselves in the world with their inconsistencies while they yell YOLO.

I get the impression you are able to take an idea/concept and extrapolate/theorize from a micro to macro scale and spot the inconsistencies and you continually add it/update your Master Blueprint of Life and what is Real and what is not. *not sure if you get what im saying here... its a big reach but i think you got me

You are so close to what you seek bro

Enjoy

Senses Five

Does Man Perceive.

The Focus on Self

Restricts All That Is.

Limited in Scope

The Ocean not Seen.

A Drop of Rain

He Believes Is His World.

So as He Believes

So He Shall Be.

So Let it Be Written

Lets just say im very "aware" of the "be careful what you wish for" phrase... lol..

We quietly wish.. Subconsciously.. And the quantum world, or so we call it, is busy at work, directing energy behind closed doors, behind our ability to perceive physically... Creating the paths for the enery we spawn to come to fruition in the form of our reality..

The end result is a reality as it only could have ever been perceived, and we created the entire experience with the power of thought...

Success is a measure of how bad you want it, or how much you are afraid of it... The rest ALWAYS falls in place..

 

[SpasticGramps]

I see it more as an interconnected 3d mass.

And what is the quickest way between any two points on a X,Y, Z axis. Squiggly lines or a linear path?

Zoom in and out and all around if you must. I'm not stating that you "must" start anywhere. I only told you the question "I" thought defined base political philosophy.

Seemed like an important question back in the day and I figure it's still relevant today.

"get in the box"

I don't want to play in the Keynesian sandbox anymore.

Paul Krugman: "We Should Kick The Can Down The Road. It’s The Responsible Thing To Do" NY Times

The world's mostly shades of gray bro, but sometimes it's black and white.

 

[Stoner4Life]

my current quandary

my current quandary



a thermos can keep liquids hot,
a thermos can keep liquids cold.


how do it know?

 

[trichrider]

a thermos can keep liquids hot,
a thermos can keep liquids cold.


how do it know?

there's a switch on the back...

 

[unspoken]

"Realistically, we’re not going to resolve our long-run fiscal issues any time soon, which is O.K. — not ideal, but nothing terrible will happen if we don’t fix everything this year. Meanwhile, we face the imminent threat of severe economic damage from short-term spending cuts. "

I don't understand your problem with this line of thought. I know Krugman is the punching bag of zerohedge, so what do you think of Roubini, gramps?

I don't know, to me that's just a fact. Cut govt spending when unemployment is high and demand is low, and we're gonna have a bad time. It is beyond me how he gets called so many names. I've never seen the guy suggest a stimulus any time other than when we have low demand. He called all of this before it happened. You really think when people are out of work and aggregate demand is low is the time to cut govt spending? Or do you think it's always time to cut govt spending?

 

[TheArchitect]

anytime is good, especially when the government the banks and the corporations have risen to such a level as to be tbtf.

really, are we going to continue inflating economies that clearly dont want to inflate?

are we going to keep transferring wealth to the already wealthy and blatantly criminally corrupt?

do these "great" "powerful" men really have our, as a sovereign nation, interests at heart?

what is so bad about a deflationary haircut, and a proper consolidation/liquidation of mal-investment?

the only people that would suffer are those too ignorant to position properly, prices coming down across the world is only bad if you live in a ponzi-rific debt jubilee of an economic system.

 

[TheArchitect]

http://dollarvigilante.com/blog/2012/1/27/the-rise-of-the-praetorian-class.html

Much attention has been paid to the “disappearing middle class” and the “vanishing American Dream.” While the observations are largely accurate, they are also misleading. The traditional three-tier model of the upper, middle and lower class broadly categorizes people according to income and net worth. One significant problem with this model is that membership in any particular class is very much in the eye of the beholder. One man’s “scraping by” is another man’s “opulent living.” This subjective and arbitrary grouping and boundary assessment inevitably gives rise to the simmering class warfare that is starting to rear its ugly head in many Western countries. Such categorization is therefore meaningless at best, if not outright deceptive as it conflates a variety of economic actors.

The chief fallacy of this model rests in the fact that it focuses on*how much*those actors are compensated, as opposed to*how and why*they are compensated. A far better perspective is perhaps gained using two classes, the Political Class and the Economic Class, with a third class emerging.

The Butcher, the Baker, the Candlestick Maker – The Economic Class

The Economic Class, at least in the United States, has historically been the numerically dominant group, although in recent decades its dominance has noticeably waned. The economic class would traditionally be called the Private Sector, but even that term has become misleading for reasons we will delve into later in this article.

Members of the Economic Class provide goods and services that are voluntarily sought by consumers and paid at rates that the market will bear. In an unfettered environment, the economic class would count farmers, engineers, coal miners, artists, physicians, janitorial staff, security guards, merchants and company executives among its membership. They participate freely and competitively in the market place, using the economic principles of Division of Labor and the Law of Comparative Advantage to increase the wealth of society as well as improve their personal position. Capital, entrepreneurial and human resources are brought together collaboratively to meet the needs of the market place. This is standard Economics 101 fare and hopefully generates little controversy among the readership. The important factor defining Economic Class membership is not the amount of money a person earns but rather their participation in the free and open market.

The Lazy Highwaymen – The Political Class

Like the Economic Class, members of the Political Class are not properly defined by their wealth but rather by how they exert influence in the market place. Whereas members of the Economic Class engage the market openly and voluntarily, members of the Political Class employ coercion and deceit to achieve their economic objectives. The coercion and deceit may either be exerted directly or, as is increasingly observed, through a variety of proxy agents. The most obvious members of the Political Class are, unsurprisingly, politicians. This group includes elected individuals at every level of government as well as various appointed officials.

In addition to this primary membership category, a second distinct group exists within the Political Class. It consists of various advocates including lobbyists, influence peddlers and miscellaneous other supplicants of government cheese. These creatures exist to serve as envoys for the third distinct group, which is made up of a patchwork of commercial entities that have learned that employing a politically well-connected pitch man replaces the need for an effective sales and marketing organization and in some cases even the requirement to have a desirable product.

Furthermore, it is commonly observed that members of the Political Class routinely migrate between the three aforementioned groups. An unfortunate consequence of allowing these economic actors to “cut in line” is that the rewarded event becomes the prevailing trend. Because of that, there is virtually no industry that has opted out of the rent-seeking game. From the military-industrial complex to agricultural subsidies, to the utterly corrupt banking system, the Political Class is inexorably claiming an increasing share of the world’s economic activity, a highly disturbing trend indeed.

Subsidized inefficiency, intentional destruction of productive assets and confiscation of property are but some of the effects that are observed when the Political Class employs force to serve those that are “more equal than others.” The arrangement can be summed up by saying that economic activity within the Economic Class places the bargaining power in the hands of the buyer whereas the economic activity within the Political Class places the bargaining power in the hand of the seller. This gives rise to dislocations in the free exchange of goods and services as well as widespread misallocations of capital as businesses adjust their practices based not on the normal mechanics of supply and demand but rather based on the dictates of the Political Class. Over the years, the scale of the intrusions of the Political Class into economies around the world, and very definitely here in the United States, has grown to the point where truly free markets are now the exception and not the norm.

Because the Economic Class operates in the realm of voluntary exchange whereas the Political Class employs force to achieve its objectives, many of which are anathema to the Economic Class, it follows that a significant amount of resources must be dedicated by the Political Class to the enforcement of their objectives. This role has traditionally fallen on the wide array of military and law enforcement organizations as well as numerous regulatory agencies and departments.

From the US military’s role in protecting the Political Class’s global interests and the IRS keeping the Treasury full, to the FDA serving “Big Pharma” and various law enforcement agencies maintaining a low-level chronic fear in the populace, the level of physical control that the Political Class needs to extend over productive resources is staggering. And in lockstep with the virtually unchecked growth in the Political Class, so has grown the size and scope of the enforcement branch deployed to protect its interests.

Paradoxically, for reasons I’ll touch on momentarily, the allegiance of this enforcement branch belongs to neither the Political Class whom they serve nor the Economic Class whom they “service.” In time, their level of influence grows to the point in which they become a class of their own. They are the Praetorian Class.

Legions and Lictors – the Praetorian Class

The Praetorian Class includes members of the Armed Services, federal, state and local law enforcement personnel as well as numerous militarized officials including agents from the DEA, Immigrations, Customs Enforcement, Air Marshalls, US Marshalls, and more. It also includes, although to a lesser extent, various stage actors in the expanding security theater such as TSA personnel. The main mission of the Praetorian Class is to keep the order of the day. This requires displaying an intimidating presence in their interactions with the Economic Class.

As the Praetorian Class ascends, the clear, albeit unstated, message that emerges is that actions and events in the Economic Class only occur with its tacit consent. Whether driving on roads, traveling in the air, visiting public land, walking down the street or even living in your own home, every action you take is predicated on its permission. By preconditioning the populace to enforcement of its edicts, most of which are completely arbitrary, the Praetorian Class sets itself up for a high degree of autonomy in its actions. This is confirmed by the fact that consequences for malfeasance within the Praetorian Class are almost never observed, and when it happens, it typically becomes a grotesque spectacle in which one of their own is sacrificed as an example, so as to keep appearances of effective internal controls.

Members of the Praetorian Class are typically recruited from the Economic Class and usually from the lower socio-economic spectrum, which offers them an opportunity for personal and professional gain that otherwise might be out of their reach. Early on in the training and indoctrination process, a strong emphasis is placed on teamwork and advancing the welfare of the team above the individual. While independent thought is never overtly discouraged, the fact is that questioning authority and failing to display complete loyalty to the team results in censure, shunning and even expulsion. Naturally, the recruit learns in short order which behavior is rewarded and responds accordingly. This forges a lifelong, unbreakable bond between the brothers-in-arms. This bond can be observed when people proudly display unit insignia and decorations decades after their departure from service.

As they serve in their martial role, members of the Praetorian Class learn to despise members of the Political Class and to view the plight of the Economic Class with detachment or even contempt. Law enforcement and military personnel will converse behind closed doors about the most horrific injustices and brutalities with cavalier amusement. While perhaps natural, their training for violence and teamwork is a fundamental cause for why members of the Praetorian Class abandon their roots and in time come to view their peers “back on the farm” with contempt. Likewise, the steady displays of the craven and treacherous character of the Political Class causes the Praetorian Class to privately disavow emotional allegiance to their masters, usually early in their service.

Naturally, as the members of the Praetorian Class socially distance themselves from both their origins and their masters, even though they are paid to do their bidding, a new group identity among them emerges. Adoption of this group identity, forged by the training, indoctrination and work, defines membership in the Praetorian Class. Some of the characteristics of this identity include:

Viewing everything and everyone according to a perceived threat posture.The members’ thought processes, beliefs and actions center on viewing the world through a paradigm of a graduated conflict spectrum and how to posture themselves accordingly. Even in the most mundane settings, their conversations tend to be awkward if not centered on their martial duties.

Tight internal socialization.*Because they view life through a martial paradigm, members tend to socialize almost exclusively amongst themselves. Immediate family members are expected to do the same, which naturally occurs anyway as they can share experiences that external relationships simply are unable to address.

Loyalty is the highest honor.*Whether referred to as the blue wall of silence or the brotherhood in arms, even the most egregious transgressions are buried. If the misdeeds are internal, meaning member versus member, the justice is handled internally. On the other hand, external missteps are typically swept under the rug and significant chicane is experienced by outsiders who seek to learn the truth.* *
In a relatively free and peaceful society, members of the communities that form the Praetorian Class lead a discrete existence. Members of the military commute to and from their place of work and are largely invisible to both the Political and Economic Class, certainly in communities that are not “Praetorian” communities. Attendance at cultural events in uniform is frowned upon, if not explicitly forbidden. During these times, members of the military and law enforcement are expected to live and operate outside the perception of other members of society, their purpose and function regarded with a sense of detachment and perhaps even subtle curiosity.

As the Political Class increasingly calls upon the Praetorian Class to ensure their order, however, their martial nature becomes more visible in the fabric of day-to-day life. This serves several purposes. For one, it allows the Political Class to demonstrate its willingness to use unlimited force to achieve its objectives, something that was always the case but is now made publicly visible. Rationalizing the increased public profile, a stream of honorifics is bestowed upon the Praetorian Class so that they may be presented as defenders of the Economic Class. This is accomplished through the time-tested use of pageantry, pomp and circumstance.

Over time, additional perquisites are bestowed upon the Praetorian Class including preferential treatment in both private and public facilities. Preferred air travel accommodations for uniformed personnel, including dedicated lines at TSA checkpoints and preferential boarding, have recently emerged as cultural standards that further distance the Praetorian Class from the masses.

Another clear change is the physical appearance of members of the Praetorian Class. The uniforms transition from relatively inconspicuous attire to “battle uniforms” such are those now standard issue to both the military and law enforcement personnel. These optics reinforce the position of the Praetorian Class as maintainers of public order, convey a message of physical dominance and establish chronic low-level fear among the masses. Sometimes referred to as the militarization of the police force, this characterization traditionally refers to the increasing firepower in even municipal police departments. Frequently lost in this observation, however, is the psychological impact that such a heavily armed police presence has on the “civilian” population – specifically that it further separates the Praetorian Class from the Economic Class.

As the influence of the Praetorian Class grows, so do the resources it consumes. This is manifested in the form of continuous “equipment” upgrades, training budgets and costly “interagency collaboration” in addition to the usual staff augmentation. This, of course, has the ancillary benefit of directing resources to equipment and service providers that are favored by the Political Class and in some cases may in fact be the primary purpose.

Perhaps less obvious is the need to constantly keep the Praetorian Class on the march. A bored Praetorian is a dangerous creature that will start looking for things to do. In order to keep the Praetorian Class engaged, they must be fed a continuous source of adversaries that they in turn actively engage. In “peace time,” actual engagement is replaced by training and rehearsing the defeat of the adversaries.

While the Praetorian Class emerges as its own entity, with allegiance only to the members' peers, the most senior of the Praetorians are eventually invited to join the Political Class. Prior to that occurring, they are vetted for suitability, after which they become “made men.” Consider the long list of senior military officers and police chiefs that joined the ranks of the political elite. It is a sight to behold, their new-found support of the Political Class, a class they had silently held in contempt until their recent assumption. Metropolitan police chiefs, district attorneys and joint chiefs of staff are selected for political compatibility, not conviction of character.

How Does It Play Out?

History does not keep a flattering record of societies that allowed the Praetorian Class to rise. The Roman Empire’s decline from splendor to squalor extended for two centuries whereas the Nazi Third Reich collapsed in less than two decades. The continuous drain on productive resources, continuous warfare against new foes, abrogation of human rights and liberties and a pervasive culture of fear inevitably send the society into a tail spin. Some societies are able to observe the retreat of the Praetorian Class, but it is usually a function of economic necessity and often after a great price has been paid by the general population.

Unfortunately, as the tragedy unfolds, the Economic Class often tries to ride out the calamity. This is understandable, since people have a limited capacity to internalize long-term trends. In fact, because people adjust to new circumstances relatively quickly, it is almost impossible for them to compare the condition of life in the present versus the past. The common vernacular for this concept is “the new normal”, which upon the slightest reflection represents an obvious paradox, since the word normal implies a historically stable trend.

The Third Reich as a Textbook Example

History books are filled with examples of societies that have seen the rise of the Praetorian Class, followed by their own subsequent collapse, ranging from the Roman Empire to the Soviet Union. Of all the examples, however, none seems more instructive than the rise and fall of the Nazi Third Reich in Germany.

Over a period of two decades, starting with the collapse of the Weimar Republic and the end of World War II, Germany saw the rise of a charismatic demagogue, the rise of police and paramilitary forces, the development of a military-industrial complex, the assumption of industry by the State, the demonization and persecution of scapegoats finally resulting in widespread warfare and societal ruin. Because the timeline is relatively compressed compared to other historical examples, spanning a single generation, the Third Reich serves as an excellent example of the broader consequences a society experiences when we observe the rise of the Praetorian Class. Furthermore, by virtue of its recent occurrence, many cultural and technological parallels serve as clear milestones.

Call to Action for the Economic Class

In order to evade the inexorable path to ruin, two critical actions must be taken. First, it is imperative to understand historically how events play out, identifying key milestones along the process. Some milestones may include the level of military spending, such as the $700 billion that the United States spends annually on defense. Consider the escalating threat propaganda. Leading up to the war with Iraq in 2003, a common justification heard was “We gotta fight them there, so we don’t have to fight them here.” Apparently that strategy didn’t work, since the 2012 National Defense Authorization Act declared the United States part of the global battlefield. Is it the increasing monitoring and control exerted over the media, including the subpoena and detention of free-speech activists? Or perhaps it is the tortuous argument that the private minting of silver coins bearing no resemblance to US legal tender currency represents domestic terrorism. *

As the saying goes, “History does not repeat, but it does rhyme”, which is to say there are events that have played out universally in the past and are likely to do so again. An implied task that emerges is the need to be an avid student of history. Usurpations of power observed today have historical precedents in some form or another and therefore serve in some instances as predictable milestones.

Second, identify the milestone that defines the “point of no return,” at which point taking no action is likely to have very adverse consequences. This is a very difficult task emotionally as it usually requires taking drastic action before circumstances clearly warrant it. It may involve winding down business and social commitments while conditions on the surface still seem fine. This, of course, represents a personal balancing act. While there is merit in the saying that it is better to be a month early than a minute late, there is a practical limit to the value of that axiom. Predicting a financial collapse twenty years early, and making adjustments accordingly, results in significant opportunities lost, both personally and professionally.

In Summary

The emergence and rise of the Praetorian Class is a common observation in societies that have transitioned from market-based meritocracies to societies governed by coercive syndicates formed by the Political Class. The Praetorian Class is formed and grown to defend the Political Class and in time becomes the dragon that rules its master. It represents a highly disturbing trend because it foretells the decline, not the advance, of a society. In some instances, the decline is peaceful, clearing the path for an improved future. Unfortunately, in many instances that is not the case. The Political Class leverages the full force of the Praetorian Class representing significant loss in wealth, personal freedom and, in many cases, human life. For this reason, it is critical that productive members of society take steps to protect themselves.

 

[Galactic]

[YOUTUBEIF]http://www.youtube.com/watch?v=P-NDwqyTOaM[/YOUTUBEIF]

 

[SpasticGramps]

I know Krugman is the punching bag of zerohedge, so what do you think of Roubini, gramps?

Fiscal profilgacy and monetization is the punching bag at ZeroHedge. Krugman is just the head cheerleader. I'm not Roubini fan. Out of all the talking heads around I probably pay the most attention to Jim Rodgers, Marc Faber, Kyle Bass, and Bill Gross.

Or do you think it's always time to cut govt spending

I think the time to cut spending has come and gone.

 

[unspoken]

Haha, figures the guy nicknamed Dr. Doom is too optimistic for ya.

 

[SpasticGramps]

His PR team should have named him Dr. Dumbass. He's a CNBC prostitute.

 

[unspoken]

Yeah, phd in global economics from Harvard, Yale professor, NYU professor, worked for the IMF, senior adviser to the Treasury, senior economist for the council of economic advisers, started his own global economics and research company which does 10s of millions worth of economic consulting, and warned of the housing bubble in 2005. What a dumbass. You probably understand the global economy way better than him.

 

[ronbo51]

Roubini may or may not be a clever dude, but those academic credentials you site, as well as IMF and US Government experience don't impress me at all. George Bush and Alan Greenspan begged Congress to reign in Fannie and Freddie, both noting systemic risk long before the crash, so were they both geniuses? I lived in Medford Mass, across the street from Tufts, down the street from Harvard and MIT, as well as Orono, Maine, two blocks from the University. Now I live in a small town in the southeast that is home to a major Engineering and Research University. I am around Academics every day, in their houses, at their parties, and I am constantly underwhelmed and astounded at the cluelessness of most of these people. If you stay in school long enough you are rewarded, with a terminal degree yielding the most lucrative insider positions. But what would you trust to someone who never had the courage to leave school? I can assure you I would not let these guys near anything important to me.

 

[SpasticGramps]

Yeah, phd in global economics from Harvard, Yale professor, NYU professor, worked for the IMF, senior adviser to the Treasury, senior economist for the council of economic advisers, started his own global economics and research company which does 10s of millions worth of economic consulting, and warned of the housing bubble in 2005. What a dumbass. You probably understand the global economy way better than him.

And Krugman is Yale, MIT educated, professor at Princeton, Noble Prize winner, and NY Times Op-ed contributor. Not impressed at all.

Having a long list of Ivory tower group think accreditation and lapdog positions with the IMF and US Gubbermint is equally unimpressive.

Dumbass is a little strong of a word. I thought the alliteration was funny. He's misguided.

He predicted the 2008 crisis, but was initially wrong as to why. He didn't predicted that CDO's would be the root cause. Bass did and made a mint on properly timing his positions.

 

[unspoken]

Roubini is not an ivory tower type. RGE stood/stands on its own predictions/merit. Bass is also next in line to ruin himself shorting the JGB.