Relative to capital flowing toward the U.S dollar, brings to mind a cartoon I saw at SAC HQ back around 1980.

It showed a group of cartoon figures and one with Colonel’s eagles on his shoulders standing up and saying “We need a plan.”

The responses from the other figures ranged from “Why?” to “No we don’t!” to “When’s lunch?”

Then in the next frame a huge dragon came over the horizon, wearing four stars, and said “We need a plan.” And all the other cartoon figures responded with “Of course we do!” and “And about time, too!”

Pres. Bush said “We need a plan” and while few agreed on the plan they all knew we needed one, and in remarkably short order by DC standards one was devised, however flawed. It is not at all clear that the other places around the world have figured out they need a plan, or even if there is a dragon that can loom over the horizon to direct that one be developed.

Also, Rush Limbaugh said something insightful the other day. He pointed out that while Obama likes to decry how America has fallen down in the eyes of the world, how must the rest of the world look at the U.S. when it sold them bad securities based on the sexual desires of Barney Frank and the racist urgings of Maxine Waters? Nigerian oil found money opportunities must look pretty good to some overseas now.