I watched a Charlie Rose (PBS) interview of a guy who runs a company that handles Teachers Pensions etc in the US. His company was named Water-something or other. He has made billions for his share holders while the other banks were getting TARPED out.

He didn't have any encouraging optimism about our money "machine," as he called it. The politics side of the equation hasn't even discussed what the "machine" is and how it functions, let alone a solution to solve the leveraging that is frozen.

He basically said that if they don't know how the machine works in the first place, how are they going to solve the problem? Scary coming from a guy who knows the beesknees.

Trax

Also: he said that we are heading toward a time when the jobs will not be done with laborers. He was afraid of the social impact of that. What will people do when they don't have to actually labor at their job anymore? He thinks there will be unrest here in the good ol US of A. That was an attention grabber of a statement.

Last edited by Muzic Trax; 10/21/11 05:22 PM.