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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (70475)11/12/1999 5:36:00 PM
From: Knighty Tin  Respond to of 132070
 
Wayne, It is just like with any Ponzi scheme. Everyone knows that they are crooked, but even the last folks in think they are early in the game.



To: Freedom Fighter who wrote (70475)11/13/1999 1:59:00 PM
From: Tommaso  Respond to of 132070
 
I would never have believed when I was in college that it would ever be socially acceptable in the United States for college students to have studs and rings embedded in their tongues. That was something you read about in the National Geographic Magazine that went on among primitive tribes. I would never believed that after one Great Crash and Great Depression in a century that speculation in common stocks would exceed the ealier levels.

But let's rejoice that at least the madness is financial and not military. As Galbraith said of the earlier period, all that anyone was losing was money. I'd rather have this mania than, say, the political paranoia of the early 1950s.

I agree with you that the financial systems are revving like an engine with the throttle wired down. I once drove a car that way across most of Canada. It did not complete the trip.