1- “No fear. No distractions. The ability to let that which does not matter truly slide.”

Is another great speech on managing fear (from Fight Club.)

Politicians need to be bi-partisan on this.

The stage is set for a leader on a white horse to rise up. 1930′s Germany is perhaps a long bow to pull but we have been here before and in psychological terms once we get over the grieving pathology we could be in for a few surprises.

Lets hope the answers are visionary and not simply trade-offs against personal freedom of all because some vested interest have tipped the system and governments over react.

Clearly we’re facing a systemic event and how the system re-organises itself is not clear yet.

But life will go on. I think the NZI proposals make sense in a broader macro picture. NZ needs to generate productive output and attracting innovative companies here makes sense but more importantly fits into a framework of NZ as a dynamic economy.

The recent actions of the global authorities has put some support under the financial system….for now. Whether it holds is debatable.

What is missing from NZ analysis at the moment is an understanding of the money system and how it works; an understanding of why growth is an imperative not an aspiration; an understanding of what good and bad growth might even look like.

In summary we are still being superficial, believing that our current arrangements are ok and we’ve just had a bit of a slip up.

Watching the politicians slug it out made me wonder if we were living on the same planet.

Over in Europe there is talk of a new Bretton Woods, a redesign of the global financial architecture. This at least is a positive move.

We watch and wait.

I think you meant to say what are WE going to do. As it happens there are plenty of positive ideas out there and working on how to capture some of them for the next post or two.

Stay tuned.