BlankHowdy Vorts, Watching the world financials try to function can give one pause. There is a problem.
The world has been operating on model based on a quasi-Keynesian theory of economics since FDR's New Deal of the 1930's. That model served until JFK paid his debt to big labor and LBJ used credit to finance Vietnam instead of taxes. The US debt overload plus the beginning of rise of the world enonomy forced a reshuffle by Nixon off the traditional peg of the US dollar to gold at $ 35 dollars/troy ounce gold. Since the Civil War ended in 1865, the nation has had three weak models prior to the Keynesian.The Keynesian economic model was effectively obsoleted at that time in 1973. The instability in the financial markets we are experiencing can be blamed on a host of causes.. but .. at the root.. the reason is the lack of a new model theory. An Isaac Newton of money theory could rise.. or .. a Ghengis Kahn.. we will know soon after the 2008 election.. if we have another election. Richard
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