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Thursday, November 13, 2008

Help---We've Fallen....and Can't Get UP"-----

Some years ago, one of the hot gifts was a hand held device that seniors could use if they fell and could not get to the phone......the notion of falling and being left alone to die is a giant fear. In the t.v. ads there was a woman who said, "Help, I've fallen and can't get up." The ad was pretty effective. After all----fear is about 10-20 times more powerful an emotion that greed, and in time of crisis, fear is the emotion that comes to the forefront.

Even in the economic crisis the US faces ----we seem to be a nation that has fallen....and can't get up....or at least face the obvious-----that when one reviews the lack of dicipline and regulation of the complicated security products that were allowed to go to market---simply bailing out the present trillions, and adding to the leverage will not solve anything if the government does not send a strong signal that there will be a basis of our currency, and that we will not simply move to hyperinflation to bail us out till the next larger crash-----after all, this is all sounding like an old Howard Ruff book, "How to prosper during the coming Bad years."---it was 1979....and the news is sounding like one of his books.

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