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1. Dear Catherine

   ‘The world lives in a fool’s paradise based upon fictitious wealth, rash promises, and mad
   illusions,’ he said. ‘We must beware of booms based upon false prosperity
   which has its roots in inflated credits and prices.’* German Jewish Central Banker Paul Warburg circa 1920

   100 years on and we are still learning nothing? and o if you wish the complete citation here it is in its entirety…

   “In economics, Paul’s prophetic powers were as unerring as Aby’s in the
   cultural sphere, and he initiated a new phase as an embattled Cassandra.
   Whether from his Jewish background, personal sensitivity, or outsider status
   as an immigrant, he had a coldly detached vision of things. His Washington
   defeat had only sharpened his loathing for political folly and ineptitude.
   For the past five years, he thought, the world had consumed more than it
   produced, creating inflationary pressures. Now the governments were printing
   money instead of submitting to needed austerity. *’The world lives in a
   fool’s paradise based upon fictitious wealth, rash promises, and mad
   illusions,’ he said. ‘We must beware of booms based upon false prosperity
   which has its roots in inflated credits and prices.’*

   Indeed global inflation crested in 1920, followed by a severe slump-the
   first confirmation of Paul’s grim prophecies.”
   There was a moralistic dimension to his predictions. Paul saw wartime
   sacrifice giving way to intoxicated self-indulgence-a theme he would sound
   up to the 1929 crash. He criticized America’s selfish retreat from global
   responsibility and the materialistic frivolity of the Jazz Age. He thought
   America morally obligated to assist European recovery by reducing German
   reparations and war debts owed to America by its Allies. Paul took on the
   stoic, unbending tone of a prophet who knew the world was weak, selfish, and
   deaf to his warnings.” {Chernow pg. 223-224 The Warburgs}

   Cheers

   Jerry Lesac

2. “Conversations With God” by Neale Walsch I read the book a few years ago….and just saw the DVD rented movie tonight for the first time…..very excellent! There is also the music and a movie trailer online….its a true story about a successful man who became homeless and then God began to talk to him and he wrote about it…and that became the book…..
   hope you enjoy…..http://www.cwgthemovie.com/main.html

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