THIS DEPRESSION WAS NEVER SOLVED ...
THEY JUST KICKED THE CAN INTO THE KABUKI THEATER OF GLOBAL POLITICS...
THE SLOW MOTION TRAIN WRECK IS BACK...
MY SENSE IS THAT WE ARE HAVING A 1931 MOMENT...WHEN THE BRITS WENT OFF GOLD...AND THE GREAT DEPRESSION REALLY GOT GOING...
ODD HOW MANY PEOPLE THINK THAT 1929 WAS THE BEGINNING OF THE DEPRESSION... STOCKS ARE A SYMPTOM...BUT NOT THE CAUSE...OF GREAT DEPRESSIONS.
GREAT DEPRESSIONS ARE CAUSED BY TECTONIC SHIFTS IN THE CURRENCY AND BOND MARKETS...
1931 WAS THE SHIFT AWAY FROM THE POUND...
2011 IS ABOUT THE SHIFT AWAY FROM THE DOLLAR...
ACTUALLY 1931 WAS PROBABLY EASIER...BECAUSE THE DOLLAR WAS WAITING TO BE BLESSED BY KEYNES IN 1944 AT BRETTON WOODS...
TODAY A NEW RESERVE CURRENCY IS LESS CERTAIN...
BECAUSE THE CHINESE ARE JUST TOO ODD AND ISOLATIONIST IN THEIR HISTORY TO EVER LEAD THE WORLD ECONOMICALLY AND GEO-POLITICALLY...
THE UK AND THE US...WERE REALLY GOD SENDS DURING THE 20TH CENTURY...BOTH BEING INTERNATIONALIST BUT NOT REALLY IMPERIALIST...AT THEIR CORES...
ALAS ~ THAT HAS ALL NOW ENDED...
