Wednesday, July 6, 2011
CUP AND BALL TRICK
International high finance is like that trick where you have to guess which cup the ball is under only there are about three million cups and even the crap magician performing the trick doesn’t know which cup the ball is under but he refuses to admit it. Can you see it in your mind’s eye? You watch the magician as he begins to perspire. He shoots you the odd nervous smile as he peeks under cups, forgetting which ones he has already checked as the search goes on. It’s a pitiful sight. The crowd become uncomfortable.
The only difference between international high finance and such a flawed cup and ball trick is that when the cup and ball trick goes wrong it doesn’t result in global instability the likes of which have not been seen since the last world war.
If the consequences of such a trick going wrong were so monumental, surely we’d have shot the magician by now.