ss_blog_claim=a290fbfb2dabf576491bbfbeda3c15bc

Tuesday, September 08, 2009

What is an economist?

"When the businessmen finally learned that the boom created by credit expansion cannot last and must necessarily lead to a slump, they realized that it was important for them to know in time the date of the break. They turned to economists for advice.

The economist knows that such a boom must result in a depression. But he does not and cannot know when the crisis will appear.


What the individual businessman needs in order to avoid losses is knowledge about the date of the turning point at a time when other businessmen still believe that the crash is farther away than is really the case.

If it were possible to calculate the future state of the market, the future would not be uncertain. There would be neither entrepreneurial loss nor profit. What people expect from the economists is beyond the power of any mortal man."


Let me put it in very simple words.
This whole crisis IS NOT something that happened, it was calculated and WANTED.
When you sell credits that are not CREDITS, but promises to pay with money that doesn´t exist and will never exist, when ECONOMISTS know and since they do not know when the bubble will eplode, don´t say anything, on the contrary let things go, let the BUSINESS men sell fraudes and fake bonds and stocks, let them play with people´s money, then I would say the whole thing would look patetic if was not criminal.

I ask, how can you think that people are so stupid as to be deceived twice?
How can you think to deserve the name of "economist" when you justify:

The economist knows that such a boom must result in a depression. But he does not and cannot know when the crisis will appear.

If he knows, why did he let it happen?Why not stopping it?
Stealing and cheating are crimes, and if you fail to report the thieves and the crooks, then, you are nothing else than an accomplice...

What people expect from the economists is beyond the power of any mortal man

Yes, we are at this point.
"One day posterity will remember, this strange era, these strange times, when Ordinary common honesty was called courage and the word courage was just a word."
Post a Comment
 
ss_blog_claim=a290fbfb2dabf576491bbfbeda3c15bc