I had two conversations that were recorded for the TV show, The Butterfly Effect. The topics discussed were, “Changing Our Direction” and “The New Global Order.” Speaking with me was Zalman Shuval, one of the owners of the Bank of Jerusalem and former Israeli ambassador to the USA.
Related News Story (from Financial Times): “Turmoil needs more effective solutions” Huge bank rescue plans co-ordinated three months ago by many governments were meant to let confidence recover. But governments and banks have had to respond to a renewed outbreak of fear. Anglo Irish Bank, nationalized on Thursday, and Commerzbank, given €10bn by Germany’s government last week, are among the institutions all but overwhelmed as measures once seen as dramatic have proved insufficient.
My Comment: For now nobody yet understands the fact that we are now in a different “coordinate system,” where everything operates in an integrated manner. Now, the only things that will work are those aimed at bestowal and the good of everyone. The rest is doomed to fail, maybe not immediately, but in the near future. We can’t do it all at once, but gradually we must learn about the new world we now find ourselves in! However, for now, people don’t believe me.