The bureaucrats are busy deciding how to control the financial system.
My idea, learned from studying centuries of human thinking, is that it is inevitable for democracies to evolve in the absolute control of only one power group: the bureaucrats.
The recent financial crisis (eg. Bear Sterns) gives a great opportunity to our bureaucracy to increase its power on how our financial markets should work.
Every crisis, which is caused by too much regulation, gives new impetus to this trend.
It is inevitable. More and more power will be concentrated in the hands of fewer bureaucrats. This is the reason the dollar is weak.
More on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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