Shalom Hamou

Friday Roundup: Better than Expected

Abstract:

I am going to show here that central banks have excessive powers which are coherent neither with democratic principles nor with morality. Their existence can not be justified from a mathematical point of view.

Worse, in light of the exercise of their extraordinary power by Bernanke, I argue that they can pose a real threat to democracy, peace, privacy and individual freedom.

Because of the immediate dangers that are evoked in these lines I strongly suggest that you reproduce my deeds.

Bernanke Dark Kingdom: kingdom.yield-curve.net


"I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.

Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.

However, their responses, when not confused or inconsistent, have generally relied on various technical or
legal objections—- objections which, I will argue, could be overcome if the will to do so existed."

Prof. Ben Shalom Bernanke
Japanese Monetary Policy: A Case of Self-Induced Paralysis?
For Presentation at the ASSA Meetings, Boston MA,
January 9th, 2000.


In my Tract: The Age of Turbulence: Plea for a New Economic Order I prove that after an unknown period of Irrational Exhuberance, which will inflate the Mother of All Asset Price Bubbles, we will have a Keynes' Liquidity Trap, The Crash and The Deep Depression.
blog.yield-curve.net


In fluid dynamics, turbulence or turbulent flow is a fluid regime characterized by chaotic, stochastic property changes. This includes low momentum diffusion, high momentum convection, and rapid variation of pressure and velocity in space and time.

It owns most of the discontinuous and chaotic properties of a Market Crash and of a Keynes' Liquidity Trap.


There is a remote possibility that The Crash and The Deep Depression, in a pattern similar to Hitler with The Great Depression, will allow the instauration of a totalitarian regime, an Adventure in a New World Order.


"But the essential issue here is one of insurance, with a relatively modest premium,
against a potentially catastrophic, very low probability event.

With that, Peter, would you outline your proposals to us?"

Chairman Alan Greenspan
Meeting of the Federal Open Market Committee.
August 24th, 1999


First, and with all due respect, Sir, my name is not Peter. My name is Hamou, Shalom Patrick Hamou.

I propose a plausible alternative to The Deep Depression, The Adjusted Credit Free, Free Market Economy, our New Economic Order.

It is a fair, prosperous and stable economy that protects its participants from the consequences of The Deep Depression.

That economy is both liberal and libertarian.

That New Economic Order does not discriminates and guarantees the individual freedoms of its participants.

In order to reserve your option to participate you just need to register anonymously, before The Crash, the serial number of a €5 bank note in our Public Cra$h R€gi$t€r It is Free!. crash-register.yield-c...


By the way, I have just updated a paragraph of my Tract: Model of the Yield Curve. model.yield-curve.net