THIS MEMORIAL DAY AMERICANS SHOULD TRY TO REMEMBER WHEN THE FEDERAL RESERVE WAS CAPABLE OF STANDING UP TO WALL STREET...
WHEN THE FED WAS ...DARE I REVEAL MY AGE....FEARED BY WALL STREET...
THE FED WAS THE "DARK EMINENCE" THAT "TOOK THE PUNCH BOWL AWAY" JUST WHEN THE PARTY GOT GOING GOOD...! REMEMBER? AND THEY NEVER EVEN TOLD US WHY...!
WELL THAT WAS THEN...BEFORE THE 401K BECAME THE "OFFICIAL RETIREMENT PLAN" FOR AMERICANS...
AND THIS IS NOW...WHEN THE FED IS THE OFFICIAL "SHRINK" FOR THE SPECULATING CLASSES...
AMERICAN COMMON SENSE HAS BEEN EXCHANGED FOR COMMON STUPIDITY...
AND IT SHOWS....
THIS IS NOT YOUR ORDINARY DEPRESSION...
THIS IS A DEPRESSION THAT RE-WRITES THE ECONOMIC HISTORY BOOKS...THAT CHANGES THE PARADIGMS...
THIS IS THE MONGOLS SACKING KIEV IN 1241.
THIS IS THE TURKS SACKING BYZANTIUM IN 1453...OR WAS IT THE CRUSADERS...? I NEVER CAN TELL...
THIS IS THE BARBARIANS AT THE GATES OF ROME...
THIS IS 1066 IN ENGLAND...
THIS IS 1945 IN GERMANY AND JAPAN... BECAUSE...
SOMETIMES...IT NEVER "GOES BACK TO THE WAY IT WAS"...NEVER
AND SOMETIMES...IT HAPPENS REALLY REALLY FAST...
