AS PREDICTED HERE... THERE IS A SENSE THAT THE FED IS GOING TO HAVE TO FORGET ABOUT "BRINGING BACK THE BUBBLES"...AND START CONCENTRATING ON IT'S ORGINAL MANDATE TO WATCH THE DOLLAR AND IT'S INFLATIONARY IMPACT ON THE ECONOMY...
SLOWLY, SLOWY EVERYTHING EVER PREDICTED ON GLOOM AND DOOM IS STARTING TO COME TO PASS...
AMAZING HOW REALITY DOES WIN OUT AT THE END OF THE DAY....
ALL THE HYPE AND ALL TOUTS FADE INTO THE BACKGROUND...
WHAT I DO FIND ASTONISHING IS THAT ANY OF THIS SEEMS ODD OR STRANGE...TO ANYONE.
THE REALITY WAS ALWAYS THERE FOR REASONABLY INTELLIGENT PEOPLE TO SEE... BUT IT WAS IGNORED....REVILED...PUT DOWN...MARGINALIZED.
BUT WHY, AND BY WHOM...?
OBVIOUSLY THERE WAS A "HIDDEN AGENDA" ALL ALONG... THE NARROW AGENDA OF A SELECT ELITE...WHOSE GOAL WAS PERSONAL ENRICHMENT AT THE COST OF SACRIFICING EVERYONE ELSE...
EVEN MORE AMAZING...THIS PRIVATE AGENDA OF THE SELECTED ELITES...ACTUALLY BECAME PUBLIC POLICY...
SO IN THE END, THE PUBLIC HAD NO CHOICE BUT TO GO ALONG... VOICES OF DISSENT WERE MAGINALIZED...AND IGNORED... EVEN THOUGH THE TRUTH OF THOSE DISSENTING VOICES WAS CLEAR FOR ALL TO SEE...JUST THINK ABOUT ALL THE "FLUFF NEWS" COVERAGE YOU HAVE LISTENED TO THESE MANY YEARS!
WHAT WAS EVEN MORE INTERESTING IS THAT REASONABLY INTELLIGENT PEOPLE WERE DRAGGED INTO THIS "RECEIVED WISDOM!"
IN SHORT..."THEY BOUGHT THE BIG LIE!!" AND THAT I WILL ALWAYS FIND INCREDIBLE...!
FREE TRADE AND GLOBALISM WAS TOUTED FROM WALL STREET TO THE HALLS OF ACADEMIA...EVEN AS THE DEFICITS GREW AND THE DOLLAR COLLAPSED... EVERYONE SAW IT...BUT NO ONE WITH A "BIG SOAP BOX" SPOKE UP...BUT THEN MAYBE THE BIG SOAP BOXES WERE BEING CONTROLED FROM HIGHER UP...?
A FEW SPOKE OUT...ROSS PEROT...THEN HE WAS SILENCED IN A MOST UNUSAL WAY...
PAUL KRUGMAN HAS BEEN ALLOWED TO SPEAK...BUT ONLY IF HE REMAINED "RESPONSIBLE" AND PAINFULLY ACADEMIC IN HIS VIEWPOINT.
NOW SUDDENLY A "GREAT AWAKENING" IS UPON US... BUT THIS TIME IT IS AN ECONOMIC GREAT AWAKENING...
THE ONLY HOPE IS TO HAVE NO HOPE FOR THE CURRENT SYSTEM...
BUT ULTIMATELY HOPE WILL COME BACK...IN THE FORM OF A NEW SYSTEM...
PERHAPS AS A NEW NEW DEAL THAT SOME OF US HAVE BEEN ASKING FOR...
THIS IS THE BEGINNING OF THE END...WE AREN'T FINISHED YET...
PERHAPS IN 2009 A PRESIDENT OBAMA WILL DECLARE:
"THE NEW BEGINNING" ....BECAUSE THAT IS TRUTHFULLY WHAT IT WILL BE...
