EFTA Document EFTA01754365

From: [email protected] on behalf of Joshua Cooper Ramo 4.111.11.111.1011. Sent: Sunday, November 10, 2013 6:02 PM To: Jeffrey Epstein Subject: Re: thought you find amusing Thanks. Agree. I haven't seen the video, but you'r= certainly right about the limits of mechanistic explanations. Economics i= an unusually clear example of a discipline where complexity and particula=ly emergence is of more use. I was struck in seeing Ray that he did seem t= be focused more on the particular transaction than the larger environment=that makes it possible and makes the results inevitable. Good seeing you as always. Hope you still own the house ;)</=iv> Joshua On Sun, Nov 10, 2013 at 11:24 AM, Jeffrey Epst=in <[email protected] <mailto:[email protected]> wrote: <https://ssl.gstatic.com/ui/vVicons/mail/profile_mask_2x.png> Jeffrey Epstein <[email protected] <mailto:[email protected]=m> Oct 30 (11 days=ago) <https://mail.google.com/mail/u/0/images/cleardot.gif> <https://mail.google.com/mail/u/0/images/cleardot.gif> <https://mail.google.com/mail/u/0/images/cle=rdot.gif> to Bill <https://mail.google.com/mail/u/0/images/cleardot.gif> Ray is a well meaning person . His funds show great results. He believes=20 himself to be both a critical thinker and a teacher. He is certain=y not the former. He stands high above many of his peers, but i believe that is due to the flatness of the landscape around him. The video is just wrong , over simplified and pedestrian. 1 . The economy that even the simplistic illustrations purport to represent=A0 on close examination is not a machine. certainly not as Ray suggests a simple machine - not at all, - quite the contrary , th= economy is a system. The antiquated machine analogy broke down 50 =20 years ago. A machine has an input and a predictable output. A system=20 may be comprised of simple machines, like the body being described as=a simple machine comprised of a digestive tract and a liver and some other simple machine called the brain.an <http://brain.an> input output device. Poincare the French mathematician did a great=20 deal of work on the "three body problem." three simple pendulu=s, three of the simplest of "machines". The movements when combi=ed are UNPREDICTABLE. because they are not independent.the proof is elegant =20 2. In Rays second two minutes he describes Banks as exchanging credit . It is not the same as creating credit. which in fact is their life blood. . He then makes the bold statement that Total spending drives the economy. I assume he understands inflation but his statement doesn't reflect it. Nazi germanys spending=20 went up dramatically as their currency went in the toilet. It did drive the economy, but it wasn't in the direction I think they had hoped for= He also ignores the international in his words" transactions"= which brings in goods but sends out money. and does not at the same time create income for your next door neighbor. I guess the idea is th=t if he uses the word " simple " enough , people will believe it =. The emperor has no clothes . sorry I will review more tomorow, or maybe he does h=ve clothes but they must have been a clown suit when he put this together or it was to be his 6th graders science fair project. Im not=20 sure of its "value". ( AH yes .the value word ) I ha=e not read his required reading for all his employees, of his things that he dictates they should know . but hopefully one of them , is to recognize ones own capabilities with a minimum of self deception. EFTA_R1_00054719 EFTA01754365 The information contained in this communication is conf=dential, may be attorney-client privileged, may constitute inside infor=ation, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or =opying of this communication or any part thereof is strictly prohibited=br> and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or=by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies t=ereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_00054720 EFTA01754366