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writing for godot

Bosons and bankers: What's up, God?

Written by Robert J Gaydos   
Friday, 06 July 2012 05:52
Sometimes, having to have an opinion on any topic that comes down the pike actually requires a bit of work. Usually, it’s when you don’t have the foggiest idea what people are talking about, but they all appear to be smart and they all say that what they are talking about is very important, or significant, or shocking, or historic.

And so this week, I give you two of potentially the most important stories of the year, which I feel safe in saying most of you — being American, like me — also don’t know much about and have heard very little about from what passes as our news media these days:

-- Higgs boson, or, as it has been dubbed, the “God” particle.

-- LIBOR, or as I see it, the God complex.

In fairness, some of the media did try to explain Higgs boson and its potential significance — explaining the origin of the universe and the nature of the matter, stuff like that — but most, in my experience, bogged down in an energy field of scientific mumbo jumbo whose mass could only be contained by the Internet, but certainly not my brain.

Still, the fact that scientists in Geneva, using a $10 billion atom-smashing super-collider, say they have found a subatomic particle that would not only validate “The Big Bang Theory” on television, but in real life, is literally mind-boggling. As I understand it, the boson particle (named after Scottish physicist Peter Higgs) is kind of like a universal sticky particle to which other sub-atomic particles, such as quarks, “stick” as they whiz around wherever. The more such particles that stick, the more bosons involved, the more mass the particles eventually have and, with gravity added, the more weight. They become something.

No boson, no sticking, no universe. Nothing. With bosons, we have planets and primordial ooze and dinosaurs and humans and science and evolution and rock and roll and super-colliders and big banks, all neatly aligned as if some higher power had cleverly laid out the whole plan to explain the Big Bang.

If you guessed the big banks reference was a hint on LIBOR, good for you. You are promoted to honors economics. LIBOR stands for London Interbank Offered Rate. It is the average cost of borrowing at which Britain’s banks lend each other money. It is calculated daily, based on information supplied by those banks and is used worldwide to set prices on trillions of euros and billions of dollars worth of derivatives and other financial products.

And yes, there’s that word derivatives again. What’s happened is that a bunch of too-big-to-fail big banks, playing God with other people’s money, got together between 2005 and 2009 and rigged the rate to keep it low. They lied about their financial health and conspired to make each other look better than was true, thereby luring unsuspecting customers to invest even more in worthless mortgages, loans and, ugh, derivatives. The big difference in this story is that, while the big banks in America pretty much got away with their deceit and theft, the Brits are getting tough on them.

The chairman of Barclay’s has resigned and the bank, apparently claiming it thought it had received the OK to lie from the Bank of England, Britain’s central bank, has agreed to pay a $450 million settlement. It also agreed to cooperate with police authorities and Parliament, which are looking to hold major banks and their executives legally responsible for this massive scandal.

That’s a lot different from the cloying welcome Jamie Dimon, CEO of JP Morgan Chase, got in the U.S. Senate recently in explaining his institution’s loss of $2 billion in customers’ money through synthetic derivatives and other risky bets. Chase, along with Citigroup, HSBC, RBS, and a half dozen other banks are involved in the LIBOR conspiracy.

The U.S Justice department has all the evidence uncovered in the LIBOR investigation (which is reportedly extensive) and appears to be letting Britain take the lead in prosecution for now, which is just as well, given how many American bankers have been prosecuted to date for throwing the world economy into crisis.

If you’re going to have an opinion, look for the links. The links between the Higgs boson and LIBOR stories, beyond their complexities and lack of attention in the United States, are obvious. Both have gravitas, in these cases, a combination of mass, gravity and universal significance. Both involve amounts of money most of us cannot comprehend. Both involve an incredible amount of teamwork among people within the same profession. One group effort, as noble an investment of money, time and brain power as is imaginable, seeks to explain why we are all here, at least in a physical sense. The other, money, time and brain power notwithstanding, only makes me wonder if we’ll ever figure it out morally.

By Robert J. Gaydos your social media marketing partner


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+1 # RICHARDKANEpa 2012-07-06 16:10
To big to fail is a connection I didn't see before.

Much commence was encouraged by tinkering around with the money supply. The search for knowledge did so as well, Trying to reach absolute zero meant Nobel Prizes for Liquid then Solid Hydrogen then Helium but also to super conductors, but also mistakes such as exploding test tubes and eye sight lose, one lab in the Midwest was closed down after several explosions.

Genetically implanting corn with insecticide cross-pollinate d by the wind into all corn in the Northern Hemisphere so that honey bee hives are regularly imported from the Southern Hemisphere. Bees sick from insecticide think they have a decease and fly away from the hive so as not to spread it. Modifying them too ignore being a little from pesticide but still flee if they get a real disease is another whole earth experiment. Many think if the Large Hadron Collider creates black holes they will evaporate, or there are perhaps dormant little holes in most stellar objects, but engaging in things too big to fail will likely lead to an uncorrectable disaster,

Otto Rossler is a leading scientists critical of LHC research,
More discussion at another Reader Supported News Site,
0 # ronnewmexico 2012-07-19 15:25
Ahh...the antigod scientists have not yet considered the antigod particle...dark matter(perhaps appropriately named)...which has the universe accelerating apart as opposed to decelerating as was always s force actually disorganize ultimately.

Fact it is and not perceptibly to us as we cannot so perceive only by effects upon other things can we approximate its existence...but exist it does quite definitively.

To big to fail...has now per libor scandal.
How long they continue there pretense of to big to fail as opposed to so being they will fail is probably exactly equal to mention of the god particle and no mention of the antigod particle.... in media...forever .
0 # Zion93561 2012-09-10 13:42
Solar Flares, CME’s and sunlight, sun’s energy, radiation and substance added to Water, air, and food with God, His word, His Son, His Son's Blood and Holy spirit, truth, purity and righteousness, is coming for Bank of America and all that exists in the universe, Earth , All heavens and beyond, Past present and future, Eternally and NO-ONE can remove Him from there in the name of Jesus Christ, Amen!
Matthew 3:11
I indeed baptize you with water unto repentance, but He who is coming after me is mightier than I, whose sandals I am not worthy to carry. He will baptize you with the Holy Spirit and fire.
The Reign and Indignation of God
Isaiah 66:14 When you see this, your heart shall rejoice, And your bones shall flourish like grass; The hand of the Lord shall be known to His servants, And His indignation to His enemies.
15 For behold, the Lord will come with fire And with His chariots, like a whirlwind, To render His anger with fury, And His rebuke with flames of fire.
16 For by fire and by His sword The Lord will judge all flesh; And the slain of the Lord shall be many.
17 “Those who sanctify themselves and purify themselves, To go to the gardens
After an idol in the midst, Eating swine’s flesh and the abomination and the mouse,
Shall be consumed together,” says the Lord.

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