David Brook’s The Follower Problem:
The old adversary culture of the intellectuals has turned into a mass adversarial cynicism. The common assumption is that elites are always hiding something. Public servants are in it for themselves. Those people at the top are nowhere near as smart or as wonderful as pure and all-knowing Me.[…]
In his memoir, “At Ease,” Eisenhower delivered the following advice: “Always try to associate yourself with and learn as much as you can from those who know more than you do, who do better than you, who see more clearly than you.” Ike slowly mastered the art of leadership by becoming a superb apprentice.[…]
To have good leaders you have to have good followers — able to recognize just authority, admire it, be grateful for it and emulate it. Those skills are required for good monument building, too.
Here’s what the central banks are doing:
BIS slammed the easy credit policy of the Fed and other central banks, the failure to regulate the shadow banking system, “the use of gimmicks and palliatives”, and said that anything other than (1) letting asset prices fall to their true market value, (2) increasing savings rates, and (3) forcing companies to write off bad debts “will only make things worse”.
Remember, America wasn’t the only country with a housing bubble. The world’s central bankers let aglobal housing bubble development.
source: No Wonder the Eurozone is Imploding –
These truths are as applicable in Europe as in America. The central bankers have done the wrong things. They haven’t fixed anything, but simply transferred the cancerous toxic derivatives and other financial bombs from the giant banks to the nations themselves.
And Europe – like the U.S. – has made the cardinal sin of covering up fraud, so that the wound can never be cleaned, but will just infect the patient. Indeed, the sepsis is killing the patient.
source: The Spailout Has ALREADY Failed … Before the Ink Has Even Dried | The Big Picture.