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The Man Who Foretold Our Economic Fate

Giving credit where credibility is due.

Charlie Rose:

How do you see the economy today? The world economy? Where are we?

Answer:

I think the financial system is extremely fragile. I think that you can see it in the volatility of currencies; you can see all sorts of weaknesses. I believe that there is an incredible amount of danger in things like the derivatives. I think that we are moving toward the outer limits of acceptable risk taking. … I think our financial system is dangerous and could create great problems for the real economy. …

Sir James Michael Goldsmith, billionaire financier, 1994; February 26, 1933 – July 18, 1997

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What does talk show host Oprah Winfrey, psychologist Dr. Wayne W. Dyer, medium James Van Praagh and “The Secret” author Rhonda Byrne share in common?

A belief that what you get out of life depends on how you think about life.

It seems straightforward enough. Empowering, even. Unfortunately, it isn’t quite that simple. (more…)

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