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Jun 24
2008
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The CliffPosted by Darryl Schoon in Untagged |
We are now on the edge of the cliff, a cliff where no one knows how far the fall will be. One year ago, everything appeared to be fine. Appeared is the operative word but beneath the appearance was an already crumbling foundation of unsound debt and overleveraged speculation.
The human mind does not deal with change well. Preferring stability, it projects the past into the future not wanting to understand that change is constant and not always for the better. This time, the future will be quite unlike the past—though ultimately it will be for the better.
Here, in the US, an entire generation has grown up in a world of expanding hope and credit. Both are about to disappear. The world that will take its place is unimaginable. Nonetheless, it will be so.
Already the economic crisis is being joined by others. Food prices are moving higher as are energy prices. The earthquake in China is a precursor of more.
We are in the beginning of an historic paradigm shift of epic proportions. We are at the center of that shift. Indeed, we are the reason for it.
Darryl Robert Schoon



