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IMF meeting fails to produce any results beyond words
This morning's key headlines from GenerationalDynamics.com.
* U.S. public dissatisfaction with Washington continues to grow
* IMF meeting fails to produce any results beyond words
* Libya's Gaddafi may be launching a counterattack with Tuareg tribe
* Dalai Lama says he will spell out details of his reincarnation
* Unlike the Y2K problem, the Stuxnet problem is being ignored
It was clear from the discussions on the Sunday morning news talk shows this morning that the American public is increasingly dissatisfied with the performance of the politicians in Washington on the economy. President Obama's former supporters are peeling away from him, Congressional Republicans are even more unpopular, and the Republican presidential candidate lineup appears to have melted down during last week's debates. From the point of view of Generational Dynamics none of this is surprising, because it's literally true that no solution exists to the economic problems in this generational Crisis era. Thus, each political faction can do nothing more than suggest a solution that has no chance of working, and the public understands that in their guts. The time is now ripe for the rise of a highly nationalistic candidate who will win by blaming our problems on the rest of the world, and then will lead the nation into a world war. (Hitler and Mussolini were two major 20th century examples.) Let's hope that America's institutions, including the Constitution itself, will be able to withstand such a populist revolt.
Since no solution exists to the economic problems in America and in Europe, the four-day meeting of the International Monetary Fund (IMF), that ended Sunday in Washington, failed to produce any results beyond apocalyptic threats of impending financial disaster. U.S. Treasury Secretary Timothy F. Geithner lectured the leaders on the need to act forcefully, saying that failure to do so carries the "threat of cascading default, bank runs and catastrophic risk." Even chiefs of the world's biggest banks (Chase, Goldman, Deutsche Bank, SocGen) differed on which government and private solutions are needed. The Europeans agreed on July 21 to bail out Greece (again), but that plan is faltering because it requires approval of all 17 euro zone nations. A proposal to borrow money on behalf of the EU and use the money in a bailout fund is being strongly opposed by the Germans. German Finance Minister Wolfgang Schäuble said, "We won’t come to grips with economies deleveraging by having governments and central banks throwing -- literally -- even more money at the problem." A sense of anxiety and panic is growing. Bloomberg
Libya's Gaddafi may be launching a counterattack with Tuareg tribe
Although many people believe that the military action in Libya has ended, Muammar Gaddafi and his family have still not been found, and battles are still raging in pro-Gaddafi bastions in Bani Wadi and Sirte. Beyond that, there is a fear that Libya's new government may split up into warring factions. The rebel National Transitional Council (NTC) is made up of members from tribes in eastern Libya, and the tribes in western Libya, near Tripoli, are loudly complaining that they're not represented. Reuters The Tuareg are a tribe of over a million people stretching across five nations in northwest Africa, including 100,000 people in Libya. Many Tuareg were employed by Gaddafi's army, and so Libyans tend to identify all Tuareg as regime supporters. At least 1,500 Tuareg fighters joined Muammar Gaddafi’s loyalist forces (though some sources cite much larger figures) in the failed defense of his Libyan regime. But now there are unconfirmed reports that Gaddafi and his sons have raised a new army of 12,000 Tuareg soldiers, preparing to strike back at the NTC forces. Jamestown and Debka
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The 76 year old Dalai Lama said Saturday if he is to be reincarnated he will leave clear written instructions about the process, but that the matter is unlikely to come up until he's "about 90." He added, "Bear in mind that, apart from the reincarnation recognized through such legitimate methods, no recognition or acceptance should be given to a candidate chosen for political ends by anyone, including those in the People's Republic of China." He was referring to the stated intention of the Chinese government to be the ones to choose the next Dalai Lama. AP
Ralph Langner, the engineer who deciphered Stuxnet, the cyberwar virus that destroyed many centrifuges in Iran's nuclear facilities, says that Stuxnet could now easily be replicated by "any dumb hacker," and used to "to put the lights out" in a US city or "release a toxic gas cloud." And yet, in the year since its discovery, almost nothing has been done to protect computer systems from an attack. Even the Department of Homeland Security (DHS) is ignoring it. It's interesting to contrast this to the Y2K problem of the 1990s. It was widely understood that computer systems would begin to fail on January 1, 2000, because dates had been stored with only 2-digit years (e.g., 3/29/87), and computers were not programmed to interpret these dates correctly after 2000. The last great achievement of the Silent Generation was to invest hundreds of billions of dollars worldwide to fix this problem, remediating almost every important software program in the world before 2000. Now, with the Silent generation gone, and with incompetent Boomers and Gen-Xers in charge, the Stuxnet problem, which is far more serious than the Y2K problem, is simply being ignored. CS Monitor
(Comments: For reader comments, questions and discussion,
see the 26-Sep-11 World View -- Libya's Gaddafi may be launching a counterattack with Tuareg tribe
thread of the Generational Dynamics forum. Comments may be
posted anonymously.)
(26-Sep-2011)
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