Published on 7 May 2013
Odious debt, is the national debt incurred by a regime for purposes that do not serve the best interests of the nation or it’s people. Such debts are thus, considered to be personal debts of the regime that incurred them and not debts of the state or it’s people.
This is also known as the reverse martingale. In a classic martingale betting style, gamblers increase bets after each loss in hopes that an eventual win will recover all previous losses. The anti-martingale approach instead increases bets after wins, while reducing them after a loss. The perception is that the gambler will benefit from a winning streak or a “hot hand“, while reducing losses while “cold” or otherwise having a losing streak. As the single bets are independent from each other (and from the gambler’s expectations), the concept of winning “streaks” is merely an example of gambler’s fallacy, and the anti-martingale strategy fails to make any money. If on the other hand, real-life stock returns are serially correlated (for instance due to economic cycles and delayed reaction to news of larger market participants), “streaks” of wins or losses do happen more often and are longer than those under a purely random process, the anti-martingale strategy would “theoretically” apply and can be used in trading systems (as trend-following or “doubling up”).
Hence your losing because of others(your servants who need a mandate and your votes to do stuff)
greed and scumbaggery, got it yet? Bankers make huge profits and your asked to donate to a worthy cause, no wonder ya wallets always empty
- Super must stay sustainable: Wong (news.theage.com.au)
- Coalition hedges super bets (theage.com.au)
- Consumer Debt Relief (nationaldebtrelief.com)
- Variations in Roulette Games (verveinc.com)
- The negative aspect concerning the martingale along with related methods (wode0917.wordpress.com)