Thursday, October 09, 2008

Being a part of history

Participating in fast paced history is generally not a good thing. That kind of history is made of wars, collapses, and horrific environmental events. Participating in slow paced history like the advance in global prosperity since WWII is accepted and appreciated, but it is not an immediate event. We are in the midst of a major historical event. If that is an exaggeration, it's not much of one given what's already happened.

The paper money paradigm is under siege. Does anyone dare say that.

The power of billionaires in the U.S., Russia, China, Australia, Hong Kong, and other nations has created a class that is now immune from whatever happens. As Ray Nagin said when Ike approached New Orleans, paraphrasing slightly, "most people are evacuating, but some folks in the Garden District, they have built up their houses since Katrina, they have their own power systems, they have stored food, they even have their own security forces, and if need be they have evacuation helicopters that will come. I don't worry about them."

Assageague Island in 1971 on the day of a total eclipse of the sun was the most powerful positive immediate participation in history that I have been lucky enough to see, or not really see except on the unbelievable horizon, sort of a neanderthal experience. Today's history is just as primal.

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