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The Financial Crisis – Part Two

The current financial crisis is part of a larger realignment going on in the world.  There is a new Age that is beginning and with it comes a new restructuring of many facets of human life.  We are now entering the Shift Age, which is the global stage of human evolution.  This means that many aspects of humanity, certainly economics are being reorganized from the way they were during the Information Age and the earlier Industrial Age.

All year, in this column and in speeches given around the country, I have stated that the economic downturn we are going through must …

Recently, I wrote about the Big Three Auto companies and how they need to change, and change their product lines if they wanted to stay “big”.   Since those columns there has been even more evidence that these companies are struggling to keep up with current realities.  Additional plants have closed, the production of trucks has been dramatically lowered, the projected number of vehicles to be sold this year has been lowered and now Chrysler has gotten out of the leasing business because the resale value of the big vehicles leased has plummeted.

Earlier in the year I …

The economy has clearly become the primary subject today in America.  It has become so not only because of all the issues discussed in the prior column, but also because it has also become the number one issue for voters in this significant election year.

In the “Forecast for 2008” column on January 9th of this year I wrote:

“The U.S. Economy will not go into a recession as it has been traditionally defined.  There will be a bumpy ride, particularly in the first six months of the year. The traditional conversation will be an either/or discussion:  will there be a recession …

We have now entered the Shift Age, the global stage of humanity’s evolutionary journey.  What this means is that the U.S. must redefine itself within this new global age.  During the second half of the 20th century, the U.S. was a super power, the super power that lead the Western bloc of nations in contrast to the Soviet Union which was the other super power that lead the Eastern bloc.  Unfortunately, when the Soviet Union crumbled in the early 1990s the U.S. simply accepted victory and did not spend time reflecting what this meant.