A spectator is an onlooker, one standing apart from the scene he/she is observing. The spectator is the one who sees what's going on; the participants haven't a clue. One cannot get a clear picture of the fray when a chair is being broken over one's head, or, some other one is saying nasty things about one's mother. Evidently, participation in the scene precludes insight. I go to an analyst seeking a speculator who can take a knowing look at the play I am in so that I might know what the hell I am doing.

The world's economic system is in collapse, a state of chaos and uncertaintly and there are many speculators lying buried in the rubble. They could not see the logic unfolding because they were participants in the fantasy. That is the problem with speculation: In reality there is no spectator who is not infected by participation, no ideal observer. God is dead.