BewareTheConMen
3/24/2013 2:25 PM EDT
There is a saying in the investment world that goes "Never mistake a Bull Market with Brains."
This is often forgotten in a field where much of what passes for analysis is gibberish, is self-fulfilling prophesy. It is called Talking Up Your Book. When it is knowingly separated from reality, when the Teller of the Tale knows what is being said is not true, it is called by another name. It is called a Con!
Well, the Con Men created a Bull Market in pain, suffering, and anger with record obstructionism and a Bull Market in Voter Suppression that the majority Americans saw through and viewed as a Bull Market in BULL! Now, the growing majority of Americans are turning away from their squalid and selfish philosophy and their wholly owned Party, the party of the rich, Republicant Party.
The growing majority of Americans are slowly loosing their taste for self-abuse and swearing off the Con Men and their Party, the Republicant Party, and are searching about for better ways to proceed.
In their search they have found that the Con Men and their Party, the Republicant Party, have done this to America before. It was called the Crash of 1929 and the great Depression.
They have discovered that studies of that disaster can shed light on how to proceed now. One such study was done by John Kenneth Galbraith in his book The Great Crash of 1929. In it, he gives the five most important factors for why the Great Depression was so great. I'll give you number one to show how little has changed:
1) The bad distribution of income. In 1929 the rich were indubitably rich. The figures are not entirely satisfactory, but it seems certain that the 5 per cent of the population with the highest incomes in that year received approximately one third of all personal income.
Though he doesn't list it, history reveals that Republicant obstructionism of everything FDR tried to do contributed to making the Great Depression Great. They have been fighting Social Security since FDR.
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