Rarebird, <<...18 years of enormous gains in the US equity market,
confidence in the financial system will not
be broken easily. Complacency is still rampant
at the present time...>>
Amazing how easy it is for one to obtain
a high degree of familiarity with a word,
such that one assumes an understanding,
and then in a flash the falsehood appears.
<<...gains in the US equity market>>
I just realized that I am clueless on what
this means. Looked in dictionary and it
speaks about common law and the worth
of a business after liabilities.
<<...the financial system>>
Here too I can only think of the printing presses
and paper money and activity of policy making of
those like Greenspan. Then I remember all those
articles read at Le Metropole Cafe about things
called GSE Government Sponsored Enterprises
like those two weird & funny names of Freedie Mac
and Freedie Mary. (man & wife) ???
Let me think, the money system is controlled
not by a means that serves as a control,
like a gold standard, to keep it honest and
healthy, but only by the wishes of the political
leaders in power that work 99% to get re-elected
and only give lip service to those voted them in.
Let me remember, the usa tax laws in a document
written in lawyer double/muddle talk about a zillion
pages in size so that those in the know, who got it
into law, can "use" it....
And Ron Reece says the system "as is" should
remain and not be changed. Hellooooooooo Ron.
But I do agree, GATA cannot make happen something
which is either not there, or under strong control.
But I do think most agree, if something is not correct,
as in corrupt, then its just a matter of time until those
who created it will lose control and bad times arrive.
Doug |
