Quantum Gravity

I concluded my previous post
Chinese Mercantilism?
Posted by Ivo Cerckel on April 25th, 2009
http://bphouse.com/honest_money/2009/04/25/chinese-mercantilism/
arguing that if FreeGold were to be further postponed, the liquid dollar-regime will only be further marginalised, that at the end of the day, the regime will then fall into disuse, that tomorrow, it will no longer possible to compromise between the dollar and gold and that overthrowing the dollar regime will no longer even be necessary.

By leveraging everything, the dollar regime has lost all proportions.

China, on the other hand, is prepared to submit to the discipline of FreeGold, thereby displaying no fear whatsoever to mark gold to market (value) and not to the pirated model of 40 something dollar like the US of A Treasury.

Piracy seems to have two, and maybe more, meanings on this planet.

Trademark piracy refers to infringement of intellectual property rights. Naval piracy to attacks on merchant ships.

Before Isaac Newton, gravity meant only serious mood or a quality of heaviness.

Newton’s laws did not take into account the relativistic effects that become apparent when speeds approach the speed of light or when extreme gravitational fields exist. Albert Einstein’s theory of special relativity, which was based on the idea that the laws of science should be the same for all observers, no matter how they are moving, in the absence of gravitational phenomena, was therefore an exception to Newton’s laws.

Einstein’s theory of general relativity explains the force of gravity in terms of the curvature of four-dimensional space-time.

Einstein’s classical physics, including his theory of general relativity, explains what happens when bodies are in free fall (like the US of A dollar).

This theory of general relativity is incompatible with quantum mechanics and especially with Werner Heisenberg’s uncertainty principle which says that
it is not possible to be exactly sure of both the position and the velocity of a particle;
the more accurately one is known, the less accurately the other can be known.
Einstein’s theory of general relativity concerns gravity and objects on large scales, quantum theory concern the electromagnetic force and the strong and weak nuclear forces on microscopic scales.
In the present state of science, the incompatibility between quantum theory and Einstein’s theory of general relativity, the issue of quantum gravity, remains.

Stock markets are rising again,
they are thus on their way again to defying …. gravity.
But if they defy gravity, they are again on the quantum level.

And, at that level, says Heisenberg,
it is not possible to be exactly sure of both the position and the velocity of a particle;
the more accurately one is known, the less accurately the other can be known.

I concluded my other post of yesterday
Catch-22 versus G-7
Posted by Ivo Cerckel on April 25th, 2009
http://bphouse.com/honest_money/2009/04/25/catch-22-versus-g7/
by arguing that
[if] the US of A dollar is reduced to its intrinsic value, Gresham’s Law (“bad money drives out good money”) is no longer applicable because the US of A government will no longer have the opportunity to intervene in monetary matters in order to debase the intrinsic value, zero, of that piece of paper, called the US of A dollar Gold, hiding in oil, will then again reign supremely. – end of quote

The planet’s finance bureaucrats are meeting in Washington this week-end for what they call the spring (tell that in the planet’s southern hemisphere) meetings of the International Monetary Fund (IMF) and World Bank.  (1)

International Monetary and Financial Committee (IMFC), the policy steering committee of the IMF, bureaucrat Youssef Boutros-Ghali is saying that we have serious problems.

European Central Bank (ECB) bureaucrat Christian Noyer says that even Americans agree there should be no competitive devaluations.

US of A bureaucrat Geithner says there is an exchange rate problem.

Eurozone bureaucrat Jean-Claude Juncker is saying that the situation in forex markets is relatively calm.

All those bureaucrats seem to know that the US of A dollar, the planet’s reserve currency, is in the process being reduced to its intrinsic value.

To repeat the conclusion of my second post of yesterday, the first one I quoted today:
If FreeGold were to be further postponed, the liquid dollar-regime will only be further marginalised. At the end of the day, the regime will then fall into disuse. Tomorrow, it will no longer possible to compromise between the dollar and gold and overthrowing the dollar regime will no longer even be necessary.

Monetary piracy will soon be a thing of the past.

At that moment, leverage will have disappeared, proportions will have been re-instituted and what Roger Penrose calls the “vexed” issue of Quantum Gravity will be solvable. (2)

Ivo Cerckel
ivocerckel@siquijor.ws

(1)
Comments from officials at IMF/World Bank meetings
Sun Apr 26, 2009 1:16am BS
http://uk.reuters.com/article/mideast/idUKTRE53O2GB20090426?sp=true
world finance officials attending
SNIPS
IMFC CHAIRMAN YOUSSEF BOUTROS-GHALI
“We have serious problems. We are taking very serious measures, but things are beginning to look up. Carefully, cautiously, we can say there is a break in the clouds.”
+
ECB’S CHRISTIAN NOYER ON COMPETITIVE DEVALUATIONS:
“We must avoid strategies of competitive devaluation.”
“I think there is a real agreement on that… We know the Americans are totally on that line.”
“I think we have not seen any, that’s why I say everyone agrees.”

GEITHNER ON IMF’S CURRENCY SURVEILLANCE ROLE:
“The IMF needs to ensure going forward that the distribution of global demand is far better balanced. In this regard, it is also critical that the IMF exercise greater candor and clarity on exchange rate issues and follow through on the 2007 Surveillance Decision.”

EUROGROUP HEAD JEAN-CLAUDE JUNCKER ON CURRENCIES:
“It’s a subject that wasn’t raised in the meetings but I talked to various parties and I think the situation on forex markets is relatively calm. We are satisfied with the levels.”

(2)
Roger Penrose, “The Road to Reality: A Complete Guide to the Laws of the Universe”, London, Jonathan Cape, 2004, p. 1048

My other interpretations of physics come from
Stephen Hawking, with Leonard Mlodinow, “A Briefer History of Time”, Bantam Press, 2005

Yes, also Giancoli (2007, 6th ed.) and Cutnell & Johnson (2007)

and not to forget
Stan Gibilisco , “Physics Demystified’, McGraw Hill, 2006 int’l ed.