1 2 3 4 5 6 7

		of themselves and what they say. To qualify my statement, it is important to understand that I am not an economist, and a quick check with my banker would certainly reveal that my practical experience with finances is seriously flawed, but as a student of history, people, psychology and old age, I would like to suggest to you an explanation of my own. The economic situation that is creating the instability is not in Asia, Latin America, or Russia. The conditions that are producing the variations we are seeing are manifest right here in North America. The world economic system is coming apart at its very seams. This is not to say the sky is falling, for in fact, since we are now aware of the problem, it means that it already has impacted and we are just getting some indication of the result of the fall. The factors that have come into effect, are hardly a mystery, but it is how they all work together and interact that is so seriously important. The first and most paramount factor is the abundance of liquid capital.
				During, and the decade that followed, World War Two saw a remarkable world wide phenomena. When ever a species is threatened with serious reduction in its numbers there is a natural completely appropriate instinctual reaction to prepare for the drastic reduction in numbers by procreating at a much higher then usual rate. We humans did just that. World War Two did not end for most people in 1945, but was instead, replaced by the impending and totally overwhelming sense of doom with the so-called Cold War. People capable of reproducing, did so in huge numbers and we, the resulting population, are the referred to as the baby-boomers. As we have progressed through our lives, we have changed forever the institutions and infrastructure of society, while at the same time, the impending doom did not occur, nuclear winter did not happen and we went to school, and college and