O/T: There was no Fed before 1913. However, we've had one form or another of a national bank for much longer; the story of how Andrew Jackson stared down Nicholas Biddle and put a leash on the Second Bank of the United States is quite a different story. Perhaps it was this which you attempted to reference...but even then, the BUS lost.
I'm riding this wave, too, but from the other side of the table. And Cloud - as an enabler - is bringing fantastic (in a business sense) and fascinating (in a technical sense) technologies to the realm of possibility.
The reason I'm replying, though, is to cast a bit of a cautionary note: not everything is cloud-ready or even cloud-friendly. Regulatory issues like BASEL II will make some information/applications impossible for public cloud. SPI (sensitive personal information) and 'classified' or 'confidential' information may never be put into a public cloud. And that's as it should be.
However, having said that, there are private cloud solutions and hybrid solutions that can be brought to bear.
"Cloud" is the foundation technology, the infrastructure enabler, as I see it, that will allow and even encourage this 'entirely new paradigm' to grow and flourish into an entirely new generation of technologies.
And the rate of adoption is just terrific; the interest is, as someone described it to me recently, so exciting it's scary. It will be some time before the field settles, but my money's on the global players who can bring virtually limitless resources to the problem.
You are in a maze of little twisting passages, all different.