When Volker raised interest rates to 18% + in 1981-82 that my friends was a wakeup call to all that went tru that time period. I paid 14.25% on my house loan until 1985. Unemployment in this Western Washington timber town was 16% and people were selling out at half price. A decade later it was as if nothing had happened... nothing learned ! Fast forward to 2008, USA budget deficit, oil dependency, another Vietnam,while politicans twist the airwaves with B.S.. Who is the heir to Teddy Roosevelt?
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When Volker raised interest rates to 18% + in 1981-82 that my friends was a wakeup call to all that went tru that time period. I paid 14.25% on my house loan until 1985. Unemployment in this Western Washington timber town was 16% and people were selling out at half price. A decade later it was as if nothing had happened... nothing learned ! Fast forward to 2008, USA budget deficit, oil dependency, another Vietnam,while politicans twist the airwaves with B.S.. Who is the heir to Teddy Roosevelt?
Aug 23 01:05 am
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