Monday, August 15, 2011

Illuminating the Causes of the Economic Meltdown

The crisis has been blamed on mortgage malpractice, on poor or non-existent regulation, on greed for banking bonuses that causes risky lending to be conducted. And it seems clear that all of this is implicated in the current economic meltdown being led by the U.S. Regulators want to blame Wall St., Wall St. wants to blame the regulators, apologists for the Bilderbergers, Council on Foreign Relations and the Trilateral Commission even point to the Baby Boomers as the cause.

And all of this just muddies the waters.

You listen to the pundits and the debaters and the talk show blowhards and cable TV comedians and end up believing in whichever espouses the economic or political philosophy you already adhere to. And nothing changes. You just wind up feeling that you don't really know anything, no matter how informed you are.

Well, to begin with, there's been a systematic effort over many decades to eliminate the regulations put in place in the 1930s to stop the kind of financial sector gluttony and greed that got us in trouble in 1929, and is repeating itself again now. This is not being understood. We get almost no historical context to explain what's going on ... and so we don't solve the fundamental causes of the problems.

We'll try to shed some light on the causes today on our program, with a panel discussion with a number of Americans linked to Norberto Keppe's science of Analytical Trilogy so we can try to understand, once and for all, what's really going on. And what we can do about it.