The political wrangling — in Congress, among our elites, and between the peons — exists IMO (guessing) only because of confidence that mainstream economists are correct. They believe that this recession (or depression) will trough late this year. No matter how rapid the decline, there is little the government can do in the next few quarters. So …
Our ruling elites scamper and play while our world burns Read More »
Summary:  This site opened in November 2007 with three posts about this crisis, describing it as End of the post-WWII geopolitical regime. Until we and our leaders understand this, we can neither appropriately respond to events nor prepare for future problems. While the title overstates the situation (there are many who understand), it captures the key mental barrier we …
Everything written about the economic crisis overlooks its true nature Read More »
The President knows how to make a speech, both excellent rhetoric and powerful content. I do not know when this speech will be broadcast, so I provide an excerpt from the transcript of the three key parts.   Check at the end of this post for important information about this speech. Bold emphais is added. The Problem You have been …
A speech by the President which deserves close attention Read More »
Here is an excerpt from a draft of President-Elect Obama’s inaugural speech, showing that vision and eloquence which have brought him to the highest office at such a relatively young age. If I read the temper of our people correctly, we now realize as we have never realized before our interdependence on each other; that …
America gets ready for new leadership (or is it back to the future?) Read More »
Summary:  This post describes one long-standing weakness which has helped bring the party crashing down (this is a forecast, assuming that the next few elections further diminish its role on the national, state, and local levels). Note: The title is an exaggeration, a long tradition on the FM site. The GOP’s time as the dominant party are …
