Greetings!
Often I hear panelists on TV demanding absolute transparency into the works of the government. The Nation seems to want to know what is the next conspiracy the Government is hatching to keep the cool stuff off public domain (Cool stuff like Who killed JFK?; Did we REALLY land on the Moon?; What was really found at Roswell? What is the Secret of Victoria's? Where is the Chamber of Secrets? Is Karan Johar straight?). The list of conspiracy theories will never end!
But where did this begin? What made the Government have a secretive approach to some aspects of its duties? Are they justified? I'm not really an expert on it but I have one view to justify the governments right to a certain amount of secrecy in its operation. Let me give you an example from my world of economics.
Imagine a bank has a few investments which go south (suffered losses) and they need a bailout to salvage their market existence. So they approach the Central Bank(which is basically an extension of the government) and ask for a bailout package. One of the first conditions put for it is that the bailout be a secret.
Why keep it a secret? Shouldn't the depositors of the bank know what's happening? Do they not deserve to know their money is in trouble?
Let me introduce you to the term Bank Run. When people who have deposited money in particular bank, have reason to believe that the bank is going bankrupt, all of them rush together to withdraw their money. So basically if the bank was having just a minor credit issue, it will now face full blown bankruptcy!(Utter and Total!)
Loss of the depositors' faith in the bank only causes it to lose the rest of its meager cash reserves and will end up putting it out of business, taking down with it the confidence of the market. In this case, the leaking of the Bailout news screwed the economy over. Just an economic issue that most people didn't even understand, caused them to cause an economic fallout that affected them adversely!
So basically when you get all titillated hearing of exciting conspiracy theories the best course of action is...
That's all for now folks! Till next time, Cheerio!
Often I hear panelists on TV demanding absolute transparency into the works of the government. The Nation seems to want to know what is the next conspiracy the Government is hatching to keep the cool stuff off public domain (Cool stuff like Who killed JFK?; Did we REALLY land on the Moon?; What was really found at Roswell? What is the Secret of Victoria's? Where is the Chamber of Secrets? Is Karan Johar straight?). The list of conspiracy theories will never end!
But where did this begin? What made the Government have a secretive approach to some aspects of its duties? Are they justified? I'm not really an expert on it but I have one view to justify the governments right to a certain amount of secrecy in its operation. Let me give you an example from my world of economics.
Imagine a bank has a few investments which go south (suffered losses) and they need a bailout to salvage their market existence. So they approach the Central Bank(which is basically an extension of the government) and ask for a bailout package. One of the first conditions put for it is that the bailout be a secret.
Why keep it a secret? Shouldn't the depositors of the bank know what's happening? Do they not deserve to know their money is in trouble?
Let me introduce you to the term Bank Run. When people who have deposited money in particular bank, have reason to believe that the bank is going bankrupt, all of them rush together to withdraw their money. So basically if the bank was having just a minor credit issue, it will now face full blown bankruptcy!(Utter and Total!)
Loss of the depositors' faith in the bank only causes it to lose the rest of its meager cash reserves and will end up putting it out of business, taking down with it the confidence of the market. In this case, the leaking of the Bailout news screwed the economy over. Just an economic issue that most people didn't even understand, caused them to cause an economic fallout that affected them adversely!
Now imagine the reaction people would have to the news of the existence of extraterrestrial beings? They would totally lose it. People would try to stockpile and people would run helter skelter. Law and Order (Not that TV show folks!) would be a thing of the past (very much like that show!) Anarchy would be the order of the day, without doubt! And you still want to know?!
So basically when you get all titillated hearing of exciting conspiracy theories the best course of action is...
Everything isn't a conspiracy and trying to fabricate one (though entertaining) is not the solution. Conspiracy (worldwide ones where we stand to die) are best enjoyed in our favorite novels.
That's all for now folks! Till next time, Cheerio!
Yours Truly,
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