Retrieved by Pat Darnell | October 16, 2011 | Bryan TX
[Cartoon LINK]
Article from Aug 10, 2010 -- [LINK][ ...]
Stage 1. Nixon irresponsible, dumps gold, U.S starts spending binge
Stage 2. Crushing debts from domestic excesses, war mongering
Stage 3. Wall Street's deadly 'vast, unproductive expansion'
Stage 4. New American Revolution class-warfare coming soon
Oct 16, 2011 | PD
If you are honestly confused by the events you read about, so am I. The confusion comes from my not being able to absorb the degree of betrayal that has occurred in my short lifetime. Sound familiar?
Just yesterday, it seems like, the Berlin Wall was toppling down. It meant a great deal in my view of things. But it turns out while that was happening, many were positioning themselves to cash in on the event. Cashing in is what a man with three sons does with the factory he built -- as he realizes he is not going to get another chance to do so. Dad sells the factory, and the three sons are left to fend for themselves, possibly for the first time.
This article is a Republican's "mea culpa" for what went down starting with the Nixon decision to not back USA currency with gold anymore.
Then the author describes the greed of the next Republican regimes, as in: "Commentary: How: Gold. Tax cuts. Debts. Wars. Fat Cats. Class gap. lead to No fiscal discipline."
It is not a pretty scene.
In fact it is catastrophic ... dealing a death grip on us dogs who have tried seemingly in vain to make good on our promises to spouse, children, earth, and parents.
I feel like I have existed in a pretense from the start of my adulthood. Something alien has surfaced in my life experience. Is this the year we make contact? Gather your mettle and read this article. It should be shocking that it was written over a year ago. This is the conclusion, here below:
Conclusion
Warning: this black swan won't be pretty, will shock, soon
His bottom line: "The day of national reckoning has arrived. We will not have a conventional business recovery now, but rather a long hangover of debt liquidation and downsizing ... it's a pity that the modern Republican party offers the American people an irrelevant platform of recycled Keynesianism when the old approach -- balanced budgets, sound money and financial discipline -- is needed more than ever."
Wrong: There are far bigger things to "pity."
First, that most Americans, 300 million, are helpless, will do nothing, sit in the bleachers passively watching this deadly partisan game like it's just another TV reality show.
Second, that, unfortunately, politicians are so deep-in-the-pockets of the Wall Street conspiracy that controls Washington they are helpless and blind.
And third, there's a depressing sense that Stockman will be dismissed as a traitor, his message lost in the 24/7 news cycle ... until the final apocalyptic event, an unpredictable black swan triggers another, bigger global meltdown, followed by a long Great Depression II and a historic class war.
So be prepared, it will hit soon, when you least expect. (Ferrell, Paul B. Aug. 10, 2010)
Reagan insider: GOP destroyed economy - Paul B. Farrell - MarketWatch:
'via Blog this'
__________Reference
http://www.marketwatch.com/story/reagan-insider-gop-destroyed-us-economy-2010-08-10?pagenumber=2
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