tag:blogger.com,1999:blog-196554259323465442.post6303591949881848883..comments2023-10-27T03:41:13.171-07:00Comments on Warning Signs: History is No Help to the Federal ReserveAlan Carubahttp://www.blogger.com/profile/10901162110385985193noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-196554259323465442.post-77399649285962637312011-04-29T16:40:44.180-07:002011-04-29T16:40:44.180-07:00It has amazed me for some time that Bernanke is co...It has amazed me for some time that Bernanke is considered an expert on what actually caused the Great Depression. <br /><br />Initially I was happy to see a person in his position with that kind of understanding until I realized he was repeating all the very same mistakes that made a depression the Great Depression. And they didn't have financial obligations of 100 trillion or more to worry about then. <br /><br />Soooooo... when they say he is an expert on the cause of the Great Depression they must mean that he idiotically believes that it was capitalism that was responsible and FDR fixed it. Don’t we feel all better now? I do! Why? Because the outcome is now completely predictable! <br /><br />I always hate surprises!Rich Kozlovichhttps://www.blogger.com/profile/13745960671409518147noreply@blogger.comtag:blogger.com,1999:blog-196554259323465442.post-71522667177517814682011-04-28T21:43:26.222-07:002011-04-28T21:43:26.222-07:00I agree, Desertrat. But still, we are now rapidly...I agree, Desertrat. But still, we are now rapidly going down the tubes from any economic standpoint.<br /><br />Well, I am one of those old geezers, been around the block more than a couple of times. Big Government and modern mythlogy has about done us in.LarryOldtimerhttps://www.blogger.com/profile/10811006386363706079noreply@blogger.comtag:blogger.com,1999:blog-196554259323465442.post-73190158367648363972011-04-28T10:44:57.203-07:002011-04-28T10:44:57.203-07:00Larry, after WW II, the US was the only industrial...Larry, after WW II, the US was the only industrialized country with the capability for full production. We couldn't avoid making money. Add to that the amount of accumulated savings from the higher average wages, since during the war there was little to buy in the way of "consumption" frou-frou.<br /><br />I wandered off to town, yesterday, doing miscellaneous errands. Got home, got on the Internet, went to Kitco.com and instantly knew the gist of Bernanke's babble.<br /><br />Mixed emotions: My billfold's doing great, but it's because of the ruinacious financial situation in my country.Desertrathttps://www.blogger.com/profile/09860257698839313423noreply@blogger.comtag:blogger.com,1999:blog-196554259323465442.post-89714239249155926742011-04-27T19:25:38.356-07:002011-04-27T19:25:38.356-07:00Since the Great Drought of 1930 (as it was referre...Since the Great Drought of 1930 (as it was referred to at the time) kept on going until about 1939, and since beginning in the 1800s American farmers exported large quantities of agricultural products to many nations, I would guess that a lack of agricultural products to export had a good deal to do with exports falling substantially beginning with the extremely poor harvest of 1930. <br /><br />Topsoil was completely blown away by the wind during the "Dust Bowl" days in 17 Midwestern states.<br /><br />I don't guess that the fact that it was called the "Great" Depression(the "Long" Depression in England) because it hit hard people of a good many other nations as well as the US of A wouldn't have caused a substantial reduction in exports . . . back in the long ago days where "cash on the barrel head" was how the vast majority paid for goods.<br /><br />Politicians always think that what happens is due to politics, when, far more often than not, it is that harsh mistress, "Mother Nature" driving politics . . . not the other way around.<br /><br />The "Great Depression" didn't end so much as directly after WWII, ordinary people were given that thing called "credit", whereby anticipated future earnings could be spent in the then present, with the penalty of interest attached. As time passed, getting credit became more and more easy to obtain.<br /><br />Improvements in an economy can be had in the long term only by adding value (not merely adding price). Since few are allowed in the US to do that which actually adds value anymore, because of gone-lunatic local, state and federal agencies, it's looking to me to be a long haul indeed.LarryOldtimerhttps://www.blogger.com/profile/10811006386363706079noreply@blogger.comtag:blogger.com,1999:blog-196554259323465442.post-34918224032167375932011-04-27T17:21:12.495-07:002011-04-27T17:21:12.495-07:00Obama = suicide...
RINO = slower suicide...
We ...Obama = suicide...<br /><br />RINO = slower suicide...<br /><br />We either get a REAL Conservative and an America 1st PATRIOT in the White House or the vacationer in chief is going to believe himself to be in possession of a Divine mandate to rule America...TexasFredhttps://www.blogger.com/profile/06412925337032937983noreply@blogger.com