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The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.
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www.theatlantic.com/doc/2009...mf-advice
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Re: The Quiet Coup
Wed, July 1, 2009 - 11:12 PMIt's my theory that no amount of "solution" will alter our course without the participation of a massive number of ordinary people.
I mean that our herd behavior has to change; "fixes" won't even delay the inevitable, any longer. -
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Re: The Quiet Coup
Thu, July 2, 2009 - 5:45 AMThat's the whole thing with parts of this stimulus package. They treat the public like a heard. Flashing lights and ringing bells like Pavlov to move the herd in the direction they want it to go. Like paying too much for a home and too much for a mortgage for that home. Like believing inflation is low, unless of course you either have to; build anything, eat anything, go anywhere or wear anything. However for cloths the public has learned to wait for the sales and in that respect there is deflation. People only buy when it's 50% off or more.
This won't be fixed until the public stops acting like the herd and starts to educate itself. Of course if they really new what was going on then the herd would change to an angry mob.
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