20 Dec 2011

Ayurveda. Black swans. And geopolitical puppeteers...

All the business pundits on TV seem to think that the central banks or the central governments must necessarily intervene with appropriate policies to stabilise financial markets or mitigate economic volatility.

Just look at what this mind-set is doing for the Eurozone countries.

By suppressing the SYMPTOM (the approach in Allopathy, the 'conventional' Western system of medicine) instead of the CAUSE (the approach in Ayurveda, the traditional India system for well-being) one is actually preventing the purging of toxic build-ups from the system - and increasing the potential for fatal reaction at a tipping point!

This tipping point is similar to a 'Black Swan' event.

According to wikipedia...
The black swan theory or theory of black swan events is a metaphor that encapsulates the concept that The event is a surprise (to the observer) and has a major impact. After the fact, the event is rationalized by hindsight.

The theory was developed by Nassim Nicholas Taleb to explain:
1. The disproportionate role of high-impact, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance and technology

2. The non-computability of the probability of the consequential rare events using scientific methods (owing to the very nature of small probabilities)

3. The psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs

This is what Nassim Nicholas Taleb says in 'Black Swan of Cairo', a document written for the Council on Foreign Relations (arguably, the most infuential group of geopolitical puppeteers on the planet).
The Black Swan of Cairo pdf
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If you must know, finance and economics is geopolitics.

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