Comments on: Financial Crisis not a Mystery – Churning your Money http://www.3sigma.com/financial-crisis-not-a-mystery-churning-your-money/ Surfing the brink of chaos Wed, 01 Feb 2012 20:47:53 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: marc http://www.3sigma.com/financial-crisis-not-a-mystery-churning-your-money/comment-page-1/#comment-1084 marc Tue, 26 Oct 2010 18:06:35 +0000 http://www.3sigma.com/?p=51#comment-1084 <a href="#comment-1072" rel="nofollow">@Dasha </a> I'm very pleased that some of my article resonated with your observations and thoughts. As events continue to unfold I update my blog on subjects that interest me, so stay tuned. Money changing continues to be a blight upon the landscape of our social relations. It is actually getting worse. Why the multitude of victims remain blind to this is a mystery worth investigating, and I do intend to explore this problem on a continuing basis. If you have any answers, I would be delighted to hear your thoughts. Marc @Dasha
I’m very pleased that some of my article resonated with your observations and thoughts. As events continue to unfold I update my blog on subjects that interest me, so stay tuned.

Money changing continues to be a blight upon the landscape of our social relations. It is actually getting worse. Why the multitude of victims remain blind to this is a mystery worth investigating, and I do intend to explore this problem on a continuing basis. If you have any answers, I would be delighted to hear your thoughts.

Marc

]]> By: Dasha http://www.3sigma.com/financial-crisis-not-a-mystery-churning-your-money/comment-page-1/#comment-1072 Dasha Fri, 22 Oct 2010 08:03:23 +0000 http://www.3sigma.com/?p=51#comment-1072 Wow. You verbalize what has been just swimming in my head for years. It wasn't difficult for me to realize that the 'consumer economy' was a dead end; and that CDO's were a recipe for disaster (I taught such in university courses in '06 and '07), but I was not able to see the big picture. I spent many years living in Russia after the fall of the Soviet Union, and I knew that I knew the future of Russia. That it would gravitate toward capitalism and some type of democratic society. And it has. But what I never realized was that the future of the US could be seen in the ashes of the Soviet Union. I see it in the unwillingness to restructure the economy, and the willingness of Govt to take too much control and influence in the daily lives of citizens. Is there an update to this article? Wow. You verbalize what has been just swimming in my head for years. It wasn’t difficult for me to realize that the ‘consumer economy’ was a dead end; and that CDO’s were a recipe for disaster (I taught such in university courses in ’06 and ’07), but I was not able to see the big picture.
I spent many years living in Russia after the fall of the Soviet Union, and I knew that I knew the future of Russia. That it would gravitate toward capitalism and some type of democratic society. And it has.
But what I never realized was that the future of the US could be seen in the ashes of the Soviet Union. I see it in the unwillingness to restructure the economy, and the willingness of Govt to take too much control and influence in the daily lives of citizens.
Is there an update to this article?

]]> By: marc http://www.3sigma.com/financial-crisis-not-a-mystery-churning-your-money/comment-page-1/#comment-823 marc Sun, 30 May 2010 23:15:05 +0000 http://www.3sigma.com/?p=51#comment-823 Thanks for the positive feedback. To be sure, American enterprise has provided the world with some useful and innovative products and worthy ideas, but the biggest mistake people can make is to start believing their own advertisements. As a business consultant starting back in the 80's, each industry I consulted to touted their superiority to their foreign competition. Soon thereafter, each collapsed into third rate status. Today, it seems the only enterprise left to us is money-changing. In the 70's I backpacked around the world for almost 3 years. The dregs of society in every country I visited were the sleazy money changers working the streets and playing the suckers. Now we fancy that we have raised such sleaze to an art form. It's not a pretty picture. Thanks for the positive feedback.

To be sure, American enterprise has provided the world with some useful and innovative products and worthy ideas, but the biggest mistake people can make is to start believing their own advertisements. As a business consultant starting back in the 80′s, each industry I consulted to touted their superiority to their foreign competition. Soon thereafter, each collapsed into third rate status. Today, it seems the only enterprise left to us is money-changing.

In the 70′s I backpacked around the world for almost 3 years. The dregs of society in every country I visited were the sleazy money changers working the streets and playing the suckers. Now we fancy that we have raised such sleaze to an art form. It’s not a pretty picture.

]]> By: Christian http://www.3sigma.com/financial-crisis-not-a-mystery-churning-your-money/comment-page-1/#comment-821 Christian Sun, 30 May 2010 19:04:46 +0000 http://www.3sigma.com/?p=51#comment-821 I do not fully agree with you on all counts, but certain sections amazed me. It is as if I looked at the screen and my exact though appeared before my very eyes... "There is no mystery to the crisis before us today. There is only the willful and lazy stupidity that infects Americans living their lives in a cocoon of voodoo theory, self-importance, and feelings of personal entitlement." AND "2. WWII and its Aftermath: During WWII America rose from the ashes of the Great Depression to the status of an industrial powerhouse largely by default. As the beneficiary of the destruction wrought by world war, America’s manufacturing economy, tempered by the regulatory legacy of the New Deal, produced a new and powerful middle class. My family and I enjoyed the good life. Deming gained recognition and found a perfect laboratory for his ideas in war torn Japan. What was the efficacy of this period of unchallenged and unbounded opportunity? The abundant, free, and democratic America we still fantasize about today." In essence, we have become a nation of weaklings because we were fortunate enough to be lucky. However, I do still believe there have been many great things we offered the world. I would write more but I have a massive paper due and have been up all night! I do not fully agree with you on all counts, but certain sections amazed me.

It is as if I looked at the screen and my exact though appeared before my very eyes…

“There is no mystery to the crisis before us today. There is only the willful and lazy stupidity that infects Americans living their lives in a cocoon of voodoo theory, self-importance, and feelings of personal entitlement.”

AND

“2. WWII and its Aftermath: During WWII America rose from the ashes of the Great Depression to the status of an industrial powerhouse largely by default. As the beneficiary of the destruction wrought by world war, America’s manufacturing economy, tempered by the regulatory legacy of the New Deal, produced a new and powerful middle class. My family and I enjoyed the good life. Deming gained recognition and found a perfect laboratory for his ideas in war torn Japan. What was the efficacy of this period of unchallenged and unbounded opportunity? The abundant, free, and democratic America we still fantasize about today.”

In essence, we have become a nation of weaklings because we were fortunate enough to be lucky.

However, I do still believe there have been many great things we offered the world. I would write more but I have a massive paper due and have been up all night!

]]> By: Forward Thinking about Leadership | Three Sigma Systems http://www.3sigma.com/financial-crisis-not-a-mystery-churning-your-money/comment-page-1/#comment-359 Forward Thinking about Leadership | Three Sigma Systems Tue, 13 Oct 2009 23:28:19 +0000 http://www.3sigma.com/?p=51#comment-359 [...] is fast degenerating into a third rate economic power that is systematically substituting  money churning con-artistry for the hard work of creating great products and services that help to make peoples’ lives [...] [...] is fast degenerating into a third rate economic power that is systematically substituting  money churning con-artistry for the hard work of creating great products and services that help to make peoples’ lives [...]

]]> By: Oligarchy in America - The Power Behind the Throne | Three Sigma Systems http://www.3sigma.com/financial-crisis-not-a-mystery-churning-your-money/comment-page-1/#comment-136 Oligarchy in America - The Power Behind the Throne | Three Sigma Systems Wed, 01 Apr 2009 19:09:18 +0000 http://www.3sigma.com/?p=51#comment-136 [...] For more of my thoughts on this subject, read my posts, “Economists have Led us Down the Wrong Path“, “Three Sigma Bubble? Nonsense!”, “Business Cycles - The Greatest Con Never Told“, “That’s Entertainment“, “Idiots Guide to Economic Stimulus“, “Greenspan’s Tooth Fairy”  and  ”Financial Crisis not a Mystery - Churning your Money“,  [...] [...] For more of my thoughts on this subject, read my posts, “Economists have Led us Down the Wrong Path“, “Three Sigma Bubble? Nonsense!”, “Business Cycles – The Greatest Con Never Told“, “That’s Entertainment“, “Idiots Guide to Economic Stimulus“, “Greenspan’s Tooth Fairy”  and  ”Financial Crisis not a Mystery – Churning your Money“,  [...]

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