I was reading the papers as I do every morning and I think I should put that little tradition aside. Reading of climate change, global financial bailouts, trans-national alliances, the expanding Oil industries, and “our” complacency with all of that because are too busy trying to survive.
It is indeed remarkable. The Toronto star calls this “perhaps the most important story of the year,” a group of international banks (yes, including Canadian ones) have chipped in $200 BILLION in bailout funds for some of the largest US financial institutions just four days after the US Federal Reserve plunked down $245 BILLION toward a single goal: averting a “crisis in confidence”. What is this sandwich-board we call confidence?
Confidence…is a grand word that is a vast understatement, and is what the entire economic “system” depends on. Cuz, I tell ya, it’s perception that shifts everything, and if people think the stock of America is falling, they’re in for a shit-storm. If we fail to believe in it, it can’t survive, so why are we believing in it?
Despite the Star’s claim that this may be the most important story of the year, it was not available on the front page or even on the front of the business section or on most of the other “Nationa” papers of those boasting to be “national”.
So this is a call to get talking, to get reading, to get discussing. It looks as though magazines like this one have to carry the weight and burden of keeping y’all informed about jazz like this. What have we got to say?
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