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Posts Tagged ‘theory’

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 Raindrops Tell us About the Emergent World Order

President H.W. Bush, borrowing a phrase from an earlier era, popularized the term “New World Order” (NWO) in the early 1990s. But while the New World Order has legitimate roots, it has come to be associated with little more than paranoid conspiracy.

Given what we’ve witnessed in recent times, however, is it wise to continue to dismiss the notion out-of-hand?

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