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The US and Europe aren’t the only ones having a recession–Iceland is too. How does your behavior change when you discover that your money is no longer real? (NOTE: Subscribers can still listen to this show). The nation’s economy was doing fine until the autumn of 2008, when everything suddenly collapsed in only a few weeks. Iceland defaulted and nationalized its banks and the value of their currency went down 36%. Businesses failed, putting people out of work.
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A new study shows that the super-wealthy of the world have an estimated 21 trillion dollars hidden in secret bank accounts around the world. This is more that the gross domestic products of the US and Japan combined. YOUR money may not be real, but THEIRS is (NOTE: Subscribers can still listen to these shows)

Much of this money is hidden illegally under the laws of the many countries whose economies are being exploited, including desperate economies such as Italy, Spain and Greece.
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Our bodies may be modern, but our BRAINS are still prehistoric–at least according to one researcher, who says that our minds, bodies, businesses, governments, and social institutions are no longer capable of coping with the rapid rate of change in technology.

William Davidow, formerly head of the microprocessor division at Intel, says we must first recognize the problem and then resolve to take measures to mitigate its effects–above all by strictly limiting our dependence on virtual reality in all its forms.
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We don’t seem to know how to fix the economic crisis, but economist Paul Krugman thinks aliens might be able to do it–or at least human preparation for an alien invasion could do it. Since we ended the Great Depression with Government spending–and eventually with spending for World War II–preparing to fight off aliens might work this time. On the other hand, we’re already fighting TWO wars, and we’re as broke as ever.
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