Watch What Happens In Davos Very Carefully

Read these quotes carefully.

"Capitalism in its current form has no place in the world around us."

"Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole."

"We are in an era of profound change that urgently requires new ways of thinking instead of more business-as-usual."

The quotes are from Klaus Schwab, the host and founder of the World Economic Forum which is meeting this week in Davos, Switzerland.

It is very concerning when 1,600 economic and political leaders, including 40 heads of states and governments, get together to privately discuss what capitalism's replacement might be, especially when the majority are socialists.

It is also doubtful that US Treasury secretary Timothy Geithner will stick up for capitalism and national sovereignty behind his closed-door meetings.

Schwab sounds like he's gearing up to propose something radical, like what George Soros had in mind when he called for a new, international currency and a new, international central bank in The Alchemy Of Finance. You can be pretty certain they've met once or twice.

If Schwab doesn't like capitalism, that's fine. But let's be fair.

Capitalism is not really capitalism when it is forced to coexist with central banking.

If capitalism is so bad, why is the United States of America the world's most generous country, according to the Charities Aid Foundation's World Giving Index 2011.

Central banking has caused the value of the US dollar to shrink by 95% since the inception of the Federal Reserve in 1913. No wonder why food, housing, education, health care, and just about anything else we need costs so much.

Schwab contends that new ways of thinking are urgently needed. I shudder to think what they are. I'm not a fan of communism, socialism, or fascism. Nor am I a fan of letting the types of people who led us into this mess continue to "lead" us. So here's an idea for Klaus Schwab:

Why don't we get rid of central banking?