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  • Forget the 1930s; We're Reliving 1975 (Part II) [View article]
    Let's see, we are the biggest debtors in history, as opposed to being the largest creditors in the 70's. We have zombie states and banks galore now, propped up by the ever-handy pretend dollar (I vote we put Nixon's portrait on it). Detroit is virtually no more, propped up by the ever-handy DC magic wand, which all the above are using or expect.
    We have decades of declining average pay, coupled with unprecedented wealth disparity. Capped by multi-$trillion bailouts of Wall St.
    Come to think of it, most of these contrasts are even more striking against the 30's. But,, then, Washington went from 5% to 10% of our economy. Now it's some multiple of that and their groping hands are everywhere. Do you feel safer and more sure of the future?
    Jul 28 06:33 am |Rating: +10 -1 |Link to Comment
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