booms and busts

Posted By: historian on 2008-11-10
In Reply to:

If you want a little entertainment start looking up booms and busts in America. The first monetary crash was after the war of 1812, another nasty one in 1837, and repeated thereafter in predictable cycles. Too much war (Vietnam sparked the 1970s recession), too much lending for US expansion in land or housing, printing too much money from the beginning and always pulling back. The only people I see crying on the news are the rich people who keep demanding the golden trough be refilled. AIG today. I don't see any poor people crying, any laid off people bawling, or any foreclosed on people begging on the corner. Just the big guys, crying like babies throwing temper tantrums. And why shouldn't they cry? They have bled American dry, and they are still want more money! So they go to third world countries and sell them a big mac and coke. Whatever! The new government is not going to be filling the trough of the rich anymore. That is all we know for sure.

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booms and busts - historian
- Please, tell us how do you know this - FOR SURE? I do not
- I hate to tell ya, but it's only the beginning. - Backwards typist
  - just my opinion - historian
    - True, but GM is stating it will take - 2 years to get there. nm
      - maybe they can share technology....I would take one of these too! - historian
- Thank you! Yes we can! - Just the big bad
  - The new govt will be worse. BIGGER. - last thing we need.nm
    - you would have to a hallucinatory imagination - historian

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