Behavioral Finance Is Alive n 'Fr**kin' Well
Bix Weir
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In the June 6th Friday Road Trip I sent out an alert to Private Road subscribers that all the Behavioral Finance gurus were abandoning ship and the US was about to crash the system to destroy the US Dollar and return to the Gold Standard. Here's the excerpt:
Destruction of Behavioral Finance Strategy Right on Time
The big news of the week that went 100% under the radar was one of the chief "Behavioral Finance" con men is stepping down. Austan Goolsbee is getting out of the Obama administration and going back to teaching.
And, right on cue, another Behavioral Economist, Peter Diamond, who teaches it at MIT is shut out of the Federal Reserve system...
And don't forget that the kingpin of Behavioral Economics, Larry Summers, just left the Obama team to go back to teach at Harvard.
So what does this all mean? It means the market rigging game is almost over! Remember this article:
Gold Panic In The Oval Office
Here's the rub. Behavioral Economics is supposed to be the STUDY of how people's thoughts and perceptions influence markets. It is an excellent academic subject to study as you can run all these fancy computer models that hand you results you can claim are reality. Where this all goes SIDEWAYS is when academics move out of the classroom and are given the go ahead by the government to INJECT A FALSE REALITY into the minds of the people in the hopes that people will react to that false reality thus driving markets up creating a self fulfilling prophesy. It's one of those "If you build, it they will come" types of fantasy.
The PROBLEM is that it is ALL BASED OFF A LIE! How strong is our global financial system if it's founded on a base of lies and deception? How long can such a structure survive without crumbling at it's base...I think we are about to find out!
No matter how hard you fight it - the universe is full of KARMA and wrongs get righted in the most brutal ways.
It is time to right the wrong of lying to the people of the world that everything is OK....IT IS NOT!
Here is the full report for Private Road subscribers:
Friday Road Trip 6/6/2011 http://www.roadtoroota.com/members/614.cfm
END
Although I think this was a great call, what I didn't realize was that Behavioral Finance was STILL alive and well only now it's being used to DESTROY the US Dollar!
Case in point...watch this interview with Christina Romer...Obama's ex-head of the Council of Economic Advisers (Greenspan's position in the 1970's when he set up the computer market rigging programs!)
Considering that the total notional value of derivative contracts related to interest rate swaps sat at a cool $465 TRILLION at the end of last year..I'D SAY SHE SUMMED UP THE SITUATION VERY WELL!
We in the midst of the final battle my friends. If you are amazed that I have been correct so far you need to understand that the total and complete destruction of all electronic and paper assets (and debts) lies directly in front of us. There is no other conclusion possible.
Prepare accordingly!
Bix Weir
ww.RoadtoRoota.com
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