[semantic]

If you believe what you just wrote with regard to Ivy alums not understanding, then I would suggest you dig a little deeper.

Where Bass, Denninger, Mish and a host of others get it wrong is not correctly identifying the sequential doubling periods (ie the last one is @ 11:59, not 6:00). Sure, they go on about exponents & math, but they never seem to realize that if the end-game is obvious once a credit cycle has started, why isn't the end-game obvious when it started?

I believe the end-game is very well known from the very beginning. It's not difficult to understand the progression, therefore the outcome is easily modeled from the git-go.

So then the question becomes: why? In, why was a debt-money system that was designed to fail adopted by the USA? That's a question no one seems to want to explore.

[mo]

“In, why was a debt-money system that was designed to fail adopted by the USA....”

http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/B001V7BRFS/ref=sr_1_sc_1?ie=UTF8&qid=1322761456&sr=8-1-spell

[DuncanWaring]

Sure, they go on about exponents & math, but they never seem to realize that if the end-game is obvious once a credit cycle has started, why isn't the end-game obvious when it started?

Try this:

What You Simply MUST Understand