I used to think he was nuts, now I know he was what I see as “enlightened”.

There is a lot of back and forth, and opinions as well as emotions run high on all sides – Repeal of the Glass-Steagall Act http://www.investopedia.com/articles/03/071603.asp. The toxic derivatives amount to trillions of dollars. Although its very nature seems to leave everyone guessing as to how much it really is – quadrillions has been tossed around world wide.

For me, I look to the words of the founding fathers and the danger of a private central bank issuing currency being more of a danger than a standing army.

It is interesting to look at the changes that have taken place rather quietly since the wall came down in Berlin. One thing that might be worth some research is the economic sustainability of a service economy coupled with the required adjustment to an import-dependant consumerism. It seems troublesome to build the fundamentals of valuation based on a general ethereal basis of knowledge sans any concrete production.

I can’t help but think of the party-like chaos I was caught-up in during the heydays of the dotcom era as a primary example of how we are trending as it refers to macro-economics. Bush II attempted to keep the lights on with lowering hurdles to home ownership. The resulting sub-par exotics almost collapsed our banking system. Obama has nodded towards a “green economy” but hasn’t really outlined a solid plan.

Ultimately, we will all suffer a retrenching of our standard of living in this country. I fear this is going to be extremely painful in another decade or so unless innovation and entrepreneurialism in addition to research and development aren’t properly incentivised by our country. Unfortunately, we current value fast food and reality shows to what the American generation that allowed us to visit the moon used as a success model.