'It's better to be over the hill than under it' - the proposed slogan of Shit Creek Committee

[papasha-mueller.livejournal.com]

Comrade peristaltor responded to the theme of toyvarisch a_new_machine in a manner, that bears all signs of scientific approach:
i) it has many letters
ii) it is absolutely true and
iii) it's absolutely useless. (Well, not quite so)

Well, I didn't get my PhD, I'm just a raw product of my middle-of-low-class block...
Not to disagree completely with what he says at http://talk-politics.livejournal.com/1574340.html in para 3.,and just to build upon what he says in para. 2 -

The said comrade, digging deeper, so to say, into the shit creek subject, described the process right. Pity he didn't address to the cycle procedure. He just missed the feature I would call 'safety pressure gauge'.

Let me explain what happened with subprimes, derivatives, 'value creation' and all that jazz the following way:

You're trying to pull a brick behind you with a rubber cord. You make one step ahead, and it's OK. You make another, and the cord pulls tighter. You make the third one - and, as nothing happens, you're writing down a book on pulling cords and launch a training course for dummies. You make another step, promoting and proclaiming yourself again, then yet another one - and the cord decides 'enough is enough' and you get the brick at the back of your head.

That's because one important detail was missing in the self-repeating process of 'banks creating money'...

Speaking the programming language, you closed the no-exit recursive loop.

Just about that.

Now, may I have the Noebel prize both in economy and literature?
Please.