the dangers of our leader's actions...

An interesting read from the Wall Street Journal: Busting Bank of America: A case study in how to spread systemic financial risk. 

If this is what are leaders are really doing, we are in a precarious position, indeed. 

The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank of America is still shocking. It's a case study in the ways that panicky regulators have so often botched the bailout and made the financial crisis worse.
In the name of containing "systemic risk," our regulators spread it. In order to keep Mr. Lewis quiet, they all but ordered him to deceive his own shareholders. And in the name of restoring financial confidence, they have so mistreated Bank of America that bank executives everywhere have concluded that neither Treasury nor the Federal Reserve can be trusted.   ...
The political class has spent the last few months blaming bankers for everything that has gone wrong in the financial system, and no doubt many banks have earned public scorn. But Washington has been complicit every step of the way, from the Fed's easy money to the nurturing of Fannie Mae and Freddie Mac, and since last autumn with regulatory and Congressional panic that is making financial repair that much harder. ...

As an atheist, I truly believe Africa needs God

Another interesting read. His conclusion is correct: Africa needs God ... but then so does all the world, including the United States! As the subtitled reads: "Missionaries, not aid money, are the solution to Africa's biggest problem - the crushing passivity of the people's mindset"

A crisis of ethic proportions

John Bogle, the founder of Vanguard, wrote an insightful editorial in the Wall Street Journal titled A crisis of ethic proportions. It is a very interesting read, in regards to the cause of the economic crisis. While I disagree with Mr. Bogle’s conclusion, it is still a worthwhile analysis. A “fiduciary society” only becomes possible in a culture with an absolute, rather than relative, moral underpinning. Our shift from modernism to post-modernism works against this moral standard.

Here comes (hyper) inflation?

Wow, take a look at this research, published by the Federal Reserve itself: Economic Research - Federal Reserve Bank of St Louis. If that does not take your breath away, adjust the chart to look at "Percent Change" or "Compounded Annual Rate of Change". It sure seems that someone is playing loose and free with the United States monetary policy, and that inflation will have to be the natural consequence.