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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: grusum who wrote (9886)3/10/2004 5:06:33 PM
From: russwinter  Read Replies (2) of 110194
 
<A government will lie, print, falsify, obfuscate, delay, rush, change sides, go to war, sue for peace, surrender, assassinate, promote, or literally anything else to stay in power. >

Read any good history of the French Revolution, many, many similarities. They kept trying to reform, but the leadership always took the easy way out. At least people at that time and place, sort of recognized they were in trouble though. They'd meet and discuss real issues. Today, there's pretty heavy duty propaganda and mob control, and all the ingrediants are in place for a monster panic IMO. It really hit the fan though, when the French middle class started being impacted by a subsistence crisis (Train Wreck).At the same time their considerable small industry class was wiped out financially by "free trade" liberalization with England. Then you had financial speculators (like today's "bond and carry traders") cleaning up on the misery. I think as this Train Wreck or other misery spreads people will really start to call into question and connect the dots, about who actually benefits (and who is harmed) from the easy money, the speculation, and the final product, market distorting price instability.
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