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Desperate. I don't know about the level of comprehension among the staff of IMF; but I think that the bankers, brokers, and insurers in the U.S. have no other theoretical base than: 1) simplistic, neo-liberal BS; and 2) game theory. After that, it's all about thrashing and churning, because they skim from every cycle.

There's just enough of them that actually can recognize a bad situation to prevent mass financial suicide in the short run. Meantime, they mill around, worrying about the fees and commissions that they're not getting, while they wait for someone to run the coin mint again.

Mon avis? Start over: reduce expectations; give 'things' to the poor; recycle; compost; grow your own; make and repair things 'by hand'; co-operate; develop renewable and sustainable resources; sing individually and in groups; empathize; help your neighbor; appreciate people; walk; exercise; discuss; create.

paul spencer

by paul spencer (spencerinthegorge AT yahoo DOT com) on Tue Feb 26th, 2008 at 04:57:16 PM EST
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Grand avis!

Our knowledge has surpassed our wisdom. -Charu Saxena.
by metavision on Thu Feb 28th, 2008 at 03:19:46 PM EST
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