Okay, here's my response: First off, I didn't lose my Little Wager. True, the financial system survived the Daisy Cutter that was dropped on Wall Street on the 11th, even though there was of course a controlled panic, that continues to this moment, that has caused the bankers to drastically cut the interest rates and by other means to pump liquidity into the system to prevent a freeze up.
One interesting development is that the U.S. government stopped selling 30 year long bonds as well, which I suppose is analogous to Dylan's "fortune telling lady taking all her things inside," on Desolation Row. Predictably, The Plunge Protection Team swung into high gear to pump the stock market up to keep the massive dollar inflows from reversing course thereby causing a catastrophic collapse of the dollar. That was to be expected. Unquestionably, it has been a masterful effort on the part of the establishment to keep the system glued together, albeit with the duct tape and hay baling wire. They have for now staved off the avalanche of debt that hangs over us all.
All this was made possible by the war footing that the United States has been in since the September 11th disaster. The government and its propaganda apparatus have convinced Americans that it is unpatriotic to redeem their mutual funds and that it is down right un-American not go out and buy something to keep the economy from collapsing. Obviously that act of desperation is some indication that the system is tottering on the brink of collapse. But, that is precisely why I stated in my little wager that the financial system would either be in a full-blown collapse or else a state of war would exist. Certainly no sane person would deny that the myth of America's economic invulnerability has been dissolved. So, while there was not a run on the dollar, the world is not the same as it was back on September 3rd when I first proposed the wager. America is at war. And that changes everything.
As an aside, indicative of the sort of delusional wishful thinking on the part of our apostate ridiculers, the Canadian government came out yesterday with a forecast of renewed growth in the 1st quarter of 2002 with the caveat that it all depended on no further terrorist attacks, and laughably, they didn't think that any more attacks were likely. Whereas, the United States government said that there is a 100% chance of another attack on America.
As regards my little wager, I won't hold the board to paying off, based on the little matter of the general anticipation of impending calamity based upon the ongoing war, for the simple reason that the board did not accept the terms of my bet. Every wager, in order for it to be legitimate, must have a counter-party in order to validate it. As it stands, unlike Samson's Philistine groomsmen who all took up the wager, there was no consensus on the part of the forum. At any rate, like Samson's wedding party, it appears as if a good time was had by all. Thanks for coming! LOL / You Know