Monday Reading: America's Fiscal Train Wreck; Lessons From The Downturn; Jacko!

Unless the financial markets achieve stability soon, the whole system will have to be re-invented. Like a recent self improvement book once said, "if it's not broken, break it." That is the only way to make certain that improvements will be produced as quickly as possible. The banks need to realize that the economists in charge have missed every major event in the economy; and, there is every indication that they will miss the next major event. The government needs to realize that back room politics can no longer be kept secret. They both need to understand that the paradigm has changed for the creation and control of money. And, the current world financial system is not sustainable. The solution is simple; but, the US is not ready for this type of change. Tax payers money needs to be spent more cautiously; or, politicians that abuse the system need to be recalled from office. Industries that make local profits but don't create local jobs need to be taxed higher. Industries that create local jobs need to be taxed lower. Banks, a protected industry, should be made non-profit or drop its protected status. I know, it all sounds too radical. But soon, there will be no choice.