Looks like your analysis last week or so was spot on.

http://www.latimes.com/news/nationworld/world/la-fg-iran10-2008nov10,0,1799465.story?track=rss

Theocrats definitely cannot run an economy. They have no conception of timely decisions that require practical knowledge in the real world.

Looks like your analysis last week or so was spot on.

http://www.latimes.com/news/nationworld/world/la-fg-iran10-2008nov10,0,1799465.story?track=rss

Theocrats definitely cannot run an economy. They have no conception of timely decisions that require practical knowledge in the real world.

OK all you financial geniuses on this Baquia’s Blog, it’s time for Ruhi Book 1929 – Lesson Two. I am going to try to make this one easier on you by making it more of a video lesson where you merely have to just absorb information. Remember, you have to have all this stuff down for when the Baha’i Faith is the banking system of the entire world as taught by Douglas Martin and Peter Khan in financing huge projects like a highway across the Bering Sea from…well.. Alaska to Russia! I think Sarah Palin might like that now as long as gas stays at $2.75 a gallon!

But, remember, if this situation is not handled very, very carefully, no matter how much you pray, all of you are going to lose everything and die in the gutter eating Government cheese from the back of an Army truck in whatever country you are living in. So let’s all get up to speed in this lesson!
——————————————————

This is the longer version of what I wrote on HuffPo tonight. If you can give 3 hours of your life to watching these two below long video links you will get a taste of the presentation President Elect Barack Obama is going to start to get as President of the United States starting to deal with this incredible financial catastrophe he has inherited.

So here is your first Ruhi Book 1929 Lesson Two study question:

(1) What do you think you would do after watching these people discuss the situation?

Tonight it hit me while driving home from work musing on the importance of everyone getting educated studying Ruhi Book 1929. The image just suddenly came into my mind while gazing at the moving white striped highway after listening to these two videos today as I worked programming. This situation is the WTC buildings on 9/11. A MASSIVE Credit Default Swap default obligation EVENT going off somewhere in the world could be compared to a top floor of the burning buildings giving way and falling into the next floor and causing a chain reaction that has each growing weight of collapsing floors falling one onto the other and taking down the entire building structure. One tower is the economic system of the United States. The other tower is the economic system of the Entire World. This is exactly what we are facing. A financial WTC 9/11. It looks like OBL gave us the horrible metaphor gift that just keeps on giving.

Some members of the class here in their seemingly impervious political cynicism apparently either live on another planet or are deluded about the seriousness of this situation if they don’t hope somebody steps up to the plate and very soon. The Obama Administration is tasked with very carefully defusing this very dangerous situation. One false move and that horrible chain reaction implosion could start and you die in the cold very hungry. That is WHY we must find out EXACTLY HOW the Lehman Brothers CDS settlement was carried out on Thursday, October 16th as the first case study of trying to manage this type of situation. It was the first major precedent in world history for this. The mechanism used has only existed for TWO YEARS and this was the FIRST real test of it!

So here is your second Ruhi Book 1929 Lesson Two study question:

(2) Research on your own exactly how the Lehman Brothers CDS settlement was carried out and explain it for the class? If you can do this I will get you a job at the Wall Street Journal because nobody has been able to figure it out yet.

If you are just coming into the class having missed Lesson One, you can immediately put your self into the shoes of President Elect Barack Obama right away to get the presentation from the below experts, this 6 minute video will get you up to speed. This guy is kind of a “Tom Hanks Everyman” just trying to come to terms with this incredible situation!

http://www.youtube.com/watch?v=BWEesozWp3I

This is the longer version of what I wrote tonight on Huffington Post (I had to edit it for size to post)

So here is your third Ruhi Book 1929 Lesson Two study question:

(3) Pretend you are Mr. Howard Schultz, CEO of Starbucks, and write a theoretical answer to me to post here. Extra points will be given if you can prove you actually wrote it at a Starbucks.

http://www.huffingtonpost.com/howard-schultz/yes-business-can_b_141969.html

I wrote:

“Thank you for your excellent post Mr. Schultz. I fully agree with your viewpoint. We need a fair and just system now to empower creativity. But what has happened is what economist Ravi Batra has been saying for at least 15 years. Concentration of wealth will always destroy an economy because it turns the financial markets into a casino. It did it in 1929 and it did it in 2008.

http://www.ravibatra.com/Home.htm

Your philosophy is nice. But it may be far too late now:

UNIVERSITY OF PENNSYLVANIA WHARTON SCHOOL 10/21/2008
(90 minutes)
http://www.youtube.com/watch?v=DFvODCAYU-0

STANFORD 10/10/2008
(90 minutes – start 37 min mark where the discussion gets going)
http://www.youtube.com/watch?v=4Rsngr6iQvo

President Elect Obama must assemble the best team of rational economic thinkers available to defuse the Credit Default Swaps (CDS’s) financial nuclear weapons out there buried in balance sheets across the banking system of the ENTIRE WORLD. We sold them everywhere. There is little margin for error. There is little time. One could explode at any time. If I was President Elect Obama I would first ask someone to explain how $455 Billion of Credit Default Swap exposure by Lehman Brothers was settled for $6 Billion? Maybe you can supply the coffee because it will be a long day for someone to explain this. If so much of the exposure canceled out then why did Henry M. Paulson, Jr., Secretary of the Treasury, panic in terror to get the $700 Billion in bailout finds to keep liquidity in the system? No one I know in the financial markets believes this is the truth. The process was completely opaque. Absolutely zero transparency. Can you ask some of your friends to explain it to you and then get back to HuffPo and make a post. There is something going on here behind the scenes. WHAT IS IT?

Again, thanks for your excellent post!”
————————————————————-

On a side note after having watched those three hours of video from the Wharton School and Stanford, could you imagine the Mayor of Wasilla trying to figure out what to do after being briefed by these Professors with the financial system of the ENTIRE WORLD at stake! Thank God we have now gotten to first base at least with a very smart man now getting briefed on everything at stake who must figure out what to do. Could our guys on the UHJ give some insights on how to handle this? I am sure they have it all figured out, right? I am sure our guys are studying all this so they can make sure the Baha’is of the world get enough Government cheese from the backs of Army trucks too, right? I mean you can’t really complete the Ruhi Full Sequence of Courses if you are, well, dead from no food and no heat, right? So our system is looking out for everybody and everything is all figured out because we have had 87 years for the BAO to get ready to be able to handle any situation, right?

OK all you financial geniuses on this Baquia’s Blog, it’s time for Ruhi Book 1929 – Lesson Two. I am going to try to make this one easier on you by making it more of a video lesson where you merely have to just absorb information. Remember, you have to have all this stuff down for when the Baha’i Faith is the banking system of the entire world as taught by Douglas Martin and Peter Khan in financing huge projects like a highway across the Bering Sea from…well.. Alaska to Russia! I think Sarah Palin might like that now as long as gas stays at $2.75 a gallon!

But, remember, if this situation is not handled very, very carefully, no matter how much you pray, all of you are going to lose everything and die in the gutter eating Government cheese from the back of an Army truck in whatever country you are living in. So let’s all get up to speed in this lesson!
——————————————————

This is the longer version of what I wrote on HuffPo tonight. If you can give 3 hours of your life to watching these two below long video links you will get a taste of the presentation President Elect Barack Obama is going to start to get as President of the United States starting to deal with this incredible financial catastrophe he has inherited.

So here is your first Ruhi Book 1929 Lesson Two study question:

(1) What do you think you would do after watching these people discuss the situation?

Tonight it hit me while driving home from work musing on the importance of everyone getting educated studying Ruhi Book 1929. The image just suddenly came into my mind while gazing at the moving white striped highway after listening to these two videos today as I worked programming. This situation is the WTC buildings on 9/11. A MASSIVE Credit Default Swap default obligation EVENT going off somewhere in the world could be compared to a top floor of the burning buildings giving way and falling into the next floor and causing a chain reaction that has each growing weight of collapsing floors falling one onto the other and taking down the entire building structure. One tower is the economic system of the United States. The other tower is the economic system of the Entire World. This is exactly what we are facing. A financial WTC 9/11. It looks like OBL gave us the horrible metaphor gift that just keeps on giving.

Some members of the class here in their seemingly impervious political cynicism apparently either live on another planet or are deluded about the seriousness of this situation if they don’t hope somebody steps up to the plate and very soon. The Obama Administration is tasked with very carefully defusing this very dangerous situation. One false move and that horrible chain reaction implosion could start and you die in the cold very hungry. That is WHY we must find out EXACTLY HOW the Lehman Brothers CDS settlement was carried out on Thursday, October 16th as the first case study of trying to manage this type of situation. It was the first major precedent in world history for this. The mechanism used has only existed for TWO YEARS and this was the FIRST real test of it!

So here is your second Ruhi Book 1929 Lesson Two study question:

(2) Research on your own exactly how the Lehman Brothers CDS settlement was carried out and explain it for the class? If you can do this I will get you a job at the Wall Street Journal because nobody has been able to figure it out yet.

If you are just coming into the class having missed Lesson One, you can immediately put your self into the shoes of President Elect Barack Obama right away to get the presentation from the below experts, this 6 minute video will get you up to speed. This guy is kind of a “Tom Hanks Everyman” just trying to come to terms with this incredible situation!

http://www.youtube.com/watch?v=BWEesozWp3I

This is the longer version of what I wrote tonight on Huffington Post (I had to edit it for size to post)

So here is your third Ruhi Book 1929 Lesson Two study question:

(3) Pretend you are Mr. Howard Schultz, CEO of Starbucks, and write a theoretical answer to me to post here. Extra points will be given if you can prove you actually wrote it at a Starbucks.

http://www.huffingtonpost.com/howard-schultz/yes-business-can_b_141969.html

I wrote:

“Thank you for your excellent post Mr. Schultz. I fully agree with your viewpoint. We need a fair and just system now to empower creativity. But what has happened is what economist Ravi Batra has been saying for at least 15 years. Concentration of wealth will always destroy an economy because it turns the financial markets into a casino. It did it in 1929 and it did it in 2008.

http://www.ravibatra.com/Home.htm

Your philosophy is nice. But it may be far too late now:

UNIVERSITY OF PENNSYLVANIA WHARTON SCHOOL 10/21/2008
(90 minutes)
http://www.youtube.com/watch?v=DFvODCAYU-0

STANFORD 10/10/2008
(90 minutes – start 37 min mark where the discussion gets going)
http://www.youtube.com/watch?v=4Rsngr6iQvo

President Elect Obama must assemble the best team of rational economic thinkers available to defuse the Credit Default Swaps (CDS’s) financial nuclear weapons out there buried in balance sheets across the banking system of the ENTIRE WORLD. We sold them everywhere. There is little margin for error. There is little time. One could explode at any time. If I was President Elect Obama I would first ask someone to explain how $455 Billion of Credit Default Swap exposure by Lehman Brothers was settled for $6 Billion? Maybe you can supply the coffee because it will be a long day for someone to explain this. If so much of the exposure canceled out then why did Henry M. Paulson, Jr., Secretary of the Treasury, panic in terror to get the $700 Billion in bailout finds to keep liquidity in the system? No one I know in the financial markets believes this is the truth. The process was completely opaque. Absolutely zero transparency. Can you ask some of your friends to explain it to you and then get back to HuffPo and make a post. There is something going on here behind the scenes. WHAT IS IT?

Again, thanks for your excellent post!”
————————————————————-

On a side note after having watched those three hours of video from the Wharton School and Stanford, could you imagine the Mayor of Wasilla trying to figure out what to do after being briefed by these Professors with the financial system of the ENTIRE WORLD at stake! Thank God we have now gotten to first base at least with a very smart man now getting briefed on everything at stake who must figure out what to do. Could our guys on the UHJ give some insights on how to handle this? I am sure they have it all figured out, right? I am sure our guys are studying all this so they can make sure the Baha’is of the world get enough Government cheese from the backs of Army trucks too, right? I mean you can’t really complete the Ruhi Full Sequence of Courses if you are, well, dead from no food and no heat, right? So our system is looking out for everybody and everything is all figured out because we have had 87 years for the BAO to get ready to be able to handle any situation, right?