THE MARKETS WILL BELIEVE ANYTHING THESE DAZE...THE FED, THE ECB, TOUT TV...WHATEVER...
LIKELY THE ECB WILL DO LESS THAN THE FED...TO KEEP THE SPECULATORS IN THEIR USUAL LATHER...
THE SAD FACT IS THE THE WORLD ECONOMY IS BROKEN...
AMERICAN CONSUMERS ARE IN DELCINE...AND NO ONE CAN MAKE UP FOR THAT...
THE LOW WAGES DEMANDED BY INTERNATIONAL CAPITAL...HAVE FINALLY DESTROYED CONSUMER CAPITALISM AS WE HAVE KNOWN IT...
OR...PUT ANOTHER WAY...
DOES ANYONE REALLY SEE A WAY OUT OF THIS...? BASED ON FACTS NOT FANTASIES...?
NAMELY...BASED ON PRODUCTION BY WELL PAID WORKERS...AS IN THE LATTER PART OF THE 20TH CENTURY...WHEN THE COLD WAR STILL ACTED AS A "TARIFF" ON THE WISHES OF INTERNATIONAL CAPITAL FOR THE CHEAPEST LABOR POSSIBLE...
THE COLD WAR AND ITS PATHOLOGICAL FEAR OF COMMUNISM WAS PROBABLY AS MUCH RESPONSIBLE FOR THE "GOLDEN AGE OF THE MIDDLE CLASS" IN THE WEST...AND ESPECIALLY IN AMERICA...AS ANY OTHER FACTOR...
THIS DEPRESSION WAS NOT CAUSED BY THE ECONOMICS TEXTBOOK...IT WAS CAUSED BY THE HISTORY TEXTBOOK...AND THE GEOPOLITICS OF THE LAST TWO DECADES OF THE 20TH CENTURY...!
THAT IS WHY ALL THE ECONOMISTS IN THE WORLD WILL NOT SOLVE THIS DEPRESSION...
HISTORY CAUSED THIS DEPRESSION...
HISTORY WILL CURE IT... OF COURSE THE "FIRST DRAFT" OF HISTORY IS CALLED POLITICS...!
AND THAT IS WHERE THE ANSWERS ARE...
THE POLITICS OF PEOPLE vs INTERNATIONAL CAPITAL WILL DETERMINE THE FUTURE... ITS COMING...
WE ARE NOT THERE YET...
BECAUSE THE PATIENCE OF THE PEOPLE IS NOT INFINITE.
