Monday, February 10, 2014

Chronic Gamblers Read This

On the heels of unprecedented actions being taken across the globe, today a 40-year market veteran sent King World News a fascinating piece that discusses a Paul Martin post HERE   and HERE
“The Invisible Hand, Gold & Mainstream Media Propaganda 10 February
KingWorldNews.cominvisible hand which is relentlessly controlling global markets, gold, and mainstream media propaganda. 
Robert Fitzwilson, who is founder of The Portola Group, put together the following tremendous piece below exclusively for King World News:
Robert Fitzwilson of The Portola Group
February 10 (King World News) – The Invisible Hand, Gold & Mainstream Media Propaganda
The commonly used words algebra and algorithm derive their provenance from the great Persian mathematician al-Khwarizmi who lived from c. 780 to c. 850. The Latin form of his name, “Algoritmi,” is the source of the terms we know so well. Another related technique is called heuristics. According to Wikipedia, heuristics are utilized instead of algorithms “where the exhaustive search is impractical” and “to speed up the process of finding a satisfactory solution via mental shortcuts to ease the cognitive load of making a decision.” That must also be the source of the term “no brainer.”
Whether we saw algorithms, heuristics or no brainers at the end of the week, we saw evidence of the “invisible hand” of the Wall Street and the central planning gang at work.”
I do not believe that "mental shortcuts" find "satisfactory solutions" to anything complex, and not to much that is simple either. 
Clearly, belief in mystical heuristics and mythical entities of an invisible hand is a balm-like mood of those who have given up thinking altogether.  It's the chronic gambler's delusion. 


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