Skip to comments.Happy Pi Day
Posted on 03/15/2012 9:15:19 AM PDT by Razzz42
Danielle, who is my right hand assistant that manages my life, pointed out to me that born on today
which is called Pi Day in most math classes was none other than Albert Einstein (March 14th, 1879 April 18th, 1955). While he taught in
Princeton, I was far too young to have ever met him. Although his IQ score
was 160, there are many others who score much higher in different fields.
Yet the key to Einsteins mind lies not in his theory of Relativity, but in his
Five Maxims for Achieving Excellence.
1. Imagination is more important than knowledge.
2. Reading, after a certain age, diverts the mind too m uch from its creative
pursuits. Any man who reads too much and uses his own brain too little falls
into lazy habits of thinking.
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3. The important thing is not to stop questioning. Curiosity has its own reason for existing. One cannot help but
be in awe when he contemplates the mysteries of eternity, of life, of the marvelous structure of reality. It is
enough if one tries merely to comprehend a little of this mystery every day. Never lose a holy curiosity.
4. The most beautiful thing we can experience is the mysterious. It is the source of all true art and science.
5. The secret to creativity is knowing how to hide your sources
One of the most curious aspects of acquiring knowledge is the resistance to change. The establishment
at any given moment is constantly threatened by anything that challenges the status quo. Instead of
constantly questioning and exploring the inter-workings of everything around us, there are those that
just see evil in anything that furthers knowledge. There is too much vested interest in government and
all the various institutions, think tanks, and lobbyists to allow for change voluntarily. Therefore,
accepting something that alters the status quo is never welcome. You will even find those who claim to
be analysts argue against discoveries they do not make for they too have vested interests in promoting
only their methodology. Thus, the resistance to understanding the Economic Confidence Model has
remained among those with a vested interest that would be disrupted otherwise. They stifle imagination
and in the process hinder the advancement of knowledge.
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The June 13th-14th, 2011 Turning Point has been once again a remarkable change in trend. We now have
the stock market rallying, cash at record levels, and the possibility that there is so much money on the
sidelines that we are on the verge of an explosive rally. Even the area of ancient coins has exploded with
incredible upside potential. Since 911, the US has demanded information on anybody they desire be
turned over by foreign governments. As a result, they have agreed that Greek coins of Southern Italy
shall no longer be available for sale without a pedigree. A piece such as this Naxos Tetradram from Sicily
would have sold for about $250,000 in 2000. Today, such a coin will bring just shy of $1 million.
Antiquities have been soaring for the same reason stocks are rising. Interest rates are so low it no longer
pays to keep cash. Meanwhile, inflation is really percolating but the statistics are manipulated to hide
the true trend. We are on the verge of an inflationary jump in assets and the change in mindset was
clearly marked by the bottom of the Economic Confidence Model in June 2011. Barrons reported the
turn in the model correctly.
Barrons reported June 25, 2011:
Armstrong is the developer of the Armstrong Economic Confidence Model, best
known for calling the crash of 1987 to the very day. The model pegged June 13-June
14, 2011 as the start of a long-term upward trend in the market; the market obliged by
notching its first weekly rise since April 29.
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In 1985, we took the back page of the Economist Magazine in London for 3 weeks during July to announce the change in the model at that bottom warning there too that a bull market was about to begin and a return to inflation would unfold. The ad read:
In 1979 we stated quite emphatically that the interest rates would rise above 20% and peak precisely during April 1981. We forecasted that a deflationary mode would then engulf the world and the dollar would rise to new record highs. We gave our target for the next turn in the economy as July 1985. Now that our target has arrived, we will begin to see a new trend back to inflation develop within the next 6 months just when the majority expect disinflation to continue.
We are on the verge of another great move. Cash is at record highs everywhere. A crash is only possible when the majority is long and invested. This condition does not exist. Additionally, there is a vast reservoir of cash sitting in government debt that will begin to shift away from PUBLIC assets and back into the PRIVATE asset world. There is a time and place for everything. Right now, the USA is spending about $4 billion per week in interest. That will rise to $10 billion by the top of the Economic Confidence Model and then rise to $15 billion by the next low 4.3 years later ASSUMING no change in interest rates, which is not plausible. The precious metals still have not broken out and have not showing any sign of doing so just yet. We may see that decline at first with the exponential rally pushed off into 2017. For now, governments will get very aggressive in taxation and even Switzerland has proposed new laws as of March 1st that will impose EU regulations upon Swiss operations.
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[Picture page of old magazine article/advertisement]
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The Demise of Goldman Sachs
'It makes me ill how callously people talk about ripping their clients off,' Goldman Sachs Greg Smith wrote in his resignation letter. 'Over the last 12 months I have seen five different managing directors refer to their own clients as 'muppets,' sometimes over internal e-mail.'
All over the internet is the release of the resignation of Greg Smith from Goldman Sachs. The culture in Goldman Sachs has been highly debated for quite some time. I believe that after the Government took down its major competitor Salomon Brothers for manipulating the US Treasury Auctions, there was a major turn in the philosophy at Goldman Sachs. I believe that was orchestrated by Robert Rubin who became the first Goldman Sachs CEO to assume the role of US Treasury Secretary. I believe that Goldman Sachs adopted a philosophy to do a reverse takeover of government that has been worldwide. We see former Goldman people in almost every major government in Europe as well.
Nonetheless, this change in culture took place after 1985 based upon information and belief. I believe we will see this same change take place this time and I do not believe that Goldman will survive the next demise. The pressure is rising and there is probably no other firm so hated among the general population than that of Goldman Sachs. I believe the infiltration of governments has gone too far. The famous statement that that they are doing God's work" as the self-proclaimed job description made by Goldmans Chief Executive Officer Lloyd Blankfein, was just over the top. My bet is there will be no bailout on this next decline. Each time the model turns down there is a call for a bailout. In 1998 it was Long-Term Capital to bailout the banks again. Then 8.6 years later, it was 2007.15 and we got $700 billion TARP. I do not believe 3 times will be a charm. Next time, they may storm the castle searching for Frankenstein.
That fits right in with what Max Planck said;
"Truth never triumphs its opponents just die out. Science advances one funeral at a time."
This statement displays utter ignorance of IQ testing.
Know what shape Pi is?
Pi are squared.
Your picture of the pie reminds me that... pi are round,cornbread are square!
OK. Now you’ve gone and done it. NOW you have gone and dunit. I am hungry for cornbread. A little butter melted on the top of some corn pone. If not in the shape of little ears of corn, then at least in a nice square. Lots of squares, actually. ;>
Actually, I have square pie plates for use on pi day. In fact, this year I made tau instead ... one cherry, one apple.
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