My take on the credit crunch and the failures of US banks and banks that had bought into the speculative excesses of the financial markets is as follows:
Dance in the streets. Why? Because we are witnessing the unravelling of a monster misguided and misdirected economy that was leading nowhere but greater uncertainty. Based on bad economics and technology, the US economy was a disaster waiting to happen. It has to happen so that we can see the US economy rebuild itself, just as it will rebuild the twin towers, but rebuild on a sound financial and energy basis. We may be seeing the shock that will lead to sounder economics and financing and better energy technologies moving away from those that are based on oil, gas, coal and nuclear energy. Hopefully, we won't see nuclear plant shipped around the world in big lead boxes!Go Green. Why? Because we have the opportunity to end the conflict with Russia and get rid of those insane Bush energy and war causing policies that are driving us into further war. We need to develop vehicles based on electric engines that will completely remove the need for oil from the middle east and reduce the pollution that is poisoning our children's future. GM is on the roght track with its strong battery technologies. We need to buy into the new technologies quickly and adopt solar, wind and water based turbines for the home that can produce the electricity that will drive our motor bikes and small vehicles. Give the middle east a break and go green.Friday, 26 September 2008
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth.
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