We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Wednesday, November 10, 2010

Banks to Cash-In Again on New Fed Plan [2 videos]

This is a two part interview with Yves Smith (of Naked Capitalism website) from Real News Network. Paul Jay does an excellent interview to draw out Smith's understanding of this latest creation of money by the Fed (QE2). Smith has had an extensive career in the financial services industry and knows a lot about the system. She has not yet reached the point of rejecting the system itself, rather she still believes that Wall Street or some group of people are ruining the system. She is an honest, knowledgeable person who wants to save it.

Part 1 (12:28m) 

Part 2 (11:41m)