Uncertainty Principle

This is not about Buddhism but Economics.
Buddha' s Economics of Singalovada Sutta I will brief you at the end.

This is dedicated to one whom I befriended in my late years of retirement.

He has a long name but I call him Mana Wadu (means carpenter -wood or metal does not matter-:of mind).

I used to go for my daily loaf and some Wine but sit with them for a tea (25 a Cup) never alcohol since  I hate attack which smells awful.

He sits with his friends at the Bank of Ceylon till 2.30 P.M. and looks at the spinning wheel in the video display and makes his assessment and bets.

I come at 2.45 P.M. and pull them for cup of tea which I never sip (awful taste) but some   sweets and yoghut drink (not for gastritis which I never had) as a base for my stomach since I DO NOT have rice as a my lunch.

They bar which I go opens at half past four (only once I went to the Kandy Bar but it did not have my favourite Wine).

I always have a book in my hand and if I come early, I sit there and flips the papers of my book and ponders over the next topic to blog.

So I asked my senior friend teach me economics and he was a Graduate of Economics couple of years senior to me of the same University.

We never met as undergraduates, since he had a day time job somewhere not a teacher, probably a bank or a bookkeeping somewhere.

I was not bothered to ask and he had given up a teaching job and trying to prolong his job and probably passed out after me.

He finally ended up as Senior Accountant in Government Service and had lot of good contacts.

He had a very old cellphone and a typical government servant's handbag.

His footwear and cloths were archiach and a bachelor.

I gave him my notebook for 20% cut rate and told him to dress nice and present himself smart at any point of contact point.

That is the way about business dealers.

The business dealers do not have brains but they talk and present as super smart I told him.

Otherwise one is treated as an old cogger.

I go for my alcoholic chocolates daily and he always gets one free from me but never offered alcoholic stuff to him.

Mind you by this time I had insight that I was a mild but smart alcoholic and chocolate with sprits was my attempt at weaning myself.

It takes time but insight to say to yourself an alcoholic is the way forward.

All my life I was never been able to wean a guy from alcohol or cigarettes.

I stopped smoking at 33 and I knew I have the mental skill to drop alcohol just like I stopped eating rice (different reasons).

We had a another guy who was an oragami specialist and he too joins with his daughter.

I thought it was nice for me to invest on a another skill but never progressed since it taxes on your finger skills trained for tiny surgical skills for infants.

But common theme is lovely discussion and some lovely chocolates.

This guy had an absence attack and he did not tell me but after probing I knew what had happened and told him take some aspirin EOD, every other day and do not worry and do not consult a doctor but me.

The bottom line is all the money of this guy was plundered by his elder brother and his extended family and grandchildren.

He used to take some chocolate for the grandchildren and one of them scalped the netbook I gave him.

By the way he did not take aspirin (because my nice and simple ways, he did not believe my advice and I told him the lapse episode will come within a year if you do not take aspirin).

Sure enough he had a lapse and he was taken to hospital (I ask the oragami friend to follow his progress) and he was made a life time sick guy by the doctors.

I never saw him again and this was long time before Coronavirus pandemic.

By the way he never answered my telephone calls (I believe confiscated by the elder brother).

I never got the chance to learn or master economics from this guy but with some probing I got the key concepts into coherent assembly which is given below.

Uncertainty
Speculation
Panic
Buying and Selling
Certain Collapse

Next Cycle starts with Recovery.

Printing money makes no difference to this cycle.

It is not based on logic but on simple speculation.

Simple term for this is industrial gossip.

Now Ceylon politics also thrive on gossip but one cannot be a good a Finance Minister by gossip mongering.

When the economy collapses wise guys start buying BUT idiots start selling his last silver.

China is buying and we in Ceylon is selling at cut rate level.

It is all cutthroat transactions nothing but.

Communists have become ultra-capitalists and that is the paradox of communism.

Top Chinese have billions (building palaces in London) and bottom has minions and a cellphone to browse the world in virtual reality.

It is an illusion of grandiosity.

Does not matter one is capitalistic or communist, the greed and selfishness rule the world.

Now a word about neo-capitalists in space not the philanthropists  of Microsoft.

Unless human kind master the space and have a strategy to communicate with galactic civilizations with higher intelligence and simple economic values we are frogs in a deep well and the third extinction is well on its way to destroy the current ecosystem.

It has happened before and more than likely to repeat itself with vengeance.