Thursday, July 14, 2011

Italy's money contraction now a big worry , the complexity of this new world finance system is so interconnected

http://www.telegraph.co.uk/finance/economics/8636155/Italy-money-supply-plunge-flashes-red-warning-signals.html

 Italy's money contraction now a big worry , the complexity of this new world finance system is so interconnected that every spar that weakens or gives way further cripples it and eventually there is not enough ductape in the whole world to keep it bound together..

It reminds me of last year here in Oklahoma when everything was dry , and ready for a spark , the Native Americans had burnt the praire every once in awhile to keep the prearie grass healthy and fire danger lower but now houses dot this prairie . When a spark ignited the grass and newly arrived cedar trees ( they used to not be indigenous because fire controlled them  , the fire was unstoppable and when every you could get ahead of it it would flair up someplace else and those beautiful homes would be saved only to have embers that had gotten up under the shingles reignite and the house would burn anyway even though the yard fires ahd been contained by home owners and firemen valiantly fighting to save their most prize posesion. And fires even jump from roof to roof. So seems our current economies now run by Elites instead of by the Austrian concept of supply and demand , so that the unnatural is maintained and allowed to thrive and to convince people against their better judgement to venture into ares and to spend more than is prudent and to trust in some other interconnectedness to support their own future. To big To Fail is a most disgusting concept on all levels and reminds me of my professor in college telling of a well meaning environmentalist who saved a  baby turtle that was headed out to sea and shewed away the attacking birds,only to see the rest of the babies come out of hiding to cross the beach for the water and then get eaten by the birds which where waiting and to numerous for him to stop.  If some of our Representatives had real world experience they would know this and would not ignore reality when they stumble onto it..... 

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