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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Broken_Clock who wrote (91901)	12/22/2008 6:55:03 PM
From: benwood	Read Replies (2) of 116555

Ken Burns described the point of the Civil War as a war to smash the rising aristocracy in the south. Slavery was certainly a part of that. The death tax is an attempt to slow the rebirth of the aristocracy, which is the death knell of the Republic (in my view). The past 25 years of exponentiating greed amongst the ruling elite is just a repeat of what has happened before when the wealthy decouple from the working classes, only this time, the final escalation and blow off was done with fraud, corruption, and often a complete absence of a moral compass. In addition, globalization allowed the game to continue longer than it otherwise could have, the Federal Reserve & Treasure & WH aided and abetted (Congress to a significant extent too, largely through complete ignorance and abdication of their responsibility). Russ Winter wrote about this recently and called the 50-billion ponzi scheme as a symbolic end of an era as the super wealthy grasped for more. I think the tide has turned, but we are all much worse off for it and will pay for generations.

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