Been thinkin'

I took a few days off from blogging to think a bit.

The more I thought about Larry Summers' suggestion that emerging market nations should hand over their excess reserves to the IMF or other institution to manage to possibly insulate their politicians from the ultimate result of their acquisition of reserves the more I came to the view that the end game is near. The financial problems are too big to ignore for much longer.

It is one thing to forecast the end of a financial era and quite another to live through the process. I feel as if we sit on the edge of an intellectual event horizon, about to be pulled into a new universe, or more precisely a new understanding of the same universe-a revolution in thought.

I'll be spending the next few weeks taking a fresh look at the US, its relations with the world, and at the new proposals for running it, like Rubin's Hamilton Project.

In practical terms, that means that I should begin posting again tomorrow. The topic, financial centralization and Bob Rubin's Hamilton Project.

Is a Third Bank of the United States in the cards?