
As I said in 2009, in a piece for CEO READ when my now bestselling business book was published, LOVE LEADERSHIP: The New Way to Lead in a Fear-Based World (Jossey-Bass), this is not a recession that we are experiencing, but a reset. A global reset of everything.
My friend Robert Gnaidza, Esq, then general counsel of the Greenlining Coalition, and I published an Op-Ed in the American Banker in May, 2005, predicting a coming mortgage crisis set in motiong by irresponsible adjustable rate mortgage loans. It was called "How The Coming ARMs Race Could Set Off Next Wave of Foreclosures."
In 2009, my piece entitled Change This -- The World on Reset called for a global reset, and if you caught the news this week that the famed New Orleans Times Picayune Newspaper will limit newspaper printing to three times a week for the first time ever. You will see other newspapers follow suit. You will also see in the not so distant future that the U.S. Postal Service will seek to limit its service structure, pulling back from six-day a week postal delivery. What's happening in Greece in particular, and Europe in general, is part of this global reset. And there will be other examples.