TimingLogic's Blog

Reasoned, relevant and often contrarian commentary on economics

TimingLogic

TimingLogic
Birthday
November 07
Bio
I'm an electrical engineer and mathematician by training. My career has spanned diverse areas of expertise from being part of a team which designed the world's most powerful computers to corporate consulting around business transformation and information-based solutions to being a corporate sales and marketing executive in the information technology and business consulting space. I’ve led teams responsible for innovative and transformative solutions and been part of teams that helped set strategy for many of America's greatest companies. Two of my interests are econometrics, democratic finance and quantitative - qualitative analysis. Over the years I have developed risk-based models and trading systems meant to identify significant investment opportunities and periods of extreme risk. My blog is an outlet for another of my passions, writing. I generally consider myself a contrarian. Therefore, many of my rantings are meant to encourage people to question what they believe to be true.

FEBRUARY 7, 2012 5:44PM

Romanian Government Collapses Under Peaceful Pressure From Citizens

Rate: 1 Flag

I’m not going to sit here and write the same story every day - Europe as it is configured under the euro is toast without reform.   All of the daily nonsense of euro-zone bureaucrats and the European Central Bank are meaningless.  They are simply playing  Whac-A-Mole.  It is lipstick on a pig meant to deal with crises they see today rather than any sustainable reform. 

We discussed that the euro was headed for serious issues long before any crisis was present.  In fact, when the generally astute Marc Faber remarked that the euro was a legitimate and safe currency comparative to the dollar’s illegitimacy I mocked him for such nonsense.   Not one of Faber’s greatest moments and a sign of how his emotional bias deluded reality from his thinking.  ie, He was living in a fictional dream world that only existed in his mind.

Romania is simply the latest in a long line of illegitimacy that is collapsing around the world.  Mock crises requiring nonsensical and corrupt austerity sacked Romania’s leadership.  

All authority other than the rule of law protecting the rights of self-rule and economic determinism are illegitimate.   There is no crisis in Europe except one that has been created by a blatantly corrupt ECB and unelected and unaccountable Euro zone leadership.  Peaceful protests drove this outcome.  Not violence.  Not war.   The only way to affect permanent and lasting change, other than stopping psychopaths like Hitler,  is through peaceful activism and the peaceful restoration of reason and the rule of law.   Romania’s government fell because it didn’t represent those universal truths. 

“Unthinking respect for authority is the greatest enemy of truth” – Albert Einstein

Today, reason, truth and the rule of law won.  Unjust tyranny lost.

Title link here.

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"All authority other than the rule of law protecting the rights of self-rule and economic determinism are illegitimate"

Why TL welcome to the revolution