Wednesday, March 11, 2009

Matrix crash imminent

"So much talk about The System, so little understanding." --Robert Persig

...though there's much understanding in this article .
“Barack Obama, Nicolas Sarkozy and Gordon Brown spend their time chanting about the ‘historic dimension’ of the crisis. But they do so in an attempt to clear their names from the future failure of their policies. In truth, they are just hiding the fact that they fully misunderstand nature of this crisis. Other global leaders prefer to persuade themselves that the problem will be solved like any normal technical [rather than "systemic"] problem.

“Meanwhile everyone continues to play by decades old rules [paper promises are as good as gold], unaware of the fact that that game is vanishing from under their noses. In the United States, Europe, China and Japan, leaders persist in reacting as if the global system has only fallen victim to some temporary breakdown, merely requiring loads of fuel (liquidities) and other ingredients (rate drops, repurchase of toxic assets, bailouts of semi-bankrupt industries,) to reboot it.