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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (19709)10/9/2004 3:32:57 PM
From: glenn_a  Read Replies (2) | Respond to of 110194
 
Hi tooearly.

Well, as indicated by my last e-mail, I've been off on a bit of a geopolitical tangent lately. And I wouldn't want to detract from the very targeted economic and investment analysis discussed on Russ's and Mish's great forums.

But in my recent reading, I never lose sight of how interconnected my recent reading is with the topics discussed on these forums. Anthony Sutton's trio of books on Wall Street's financing of the Nazis, the Bolsheviks, and FDR I found particularly fascinating. Sutton's thesis is that Wall Street's power financiers (i.e. Morgan, Rockefellar, Harriman, etc.) really primarily had an interest in forming cartels so that they could earn monopoly profits in protected industries. Thus, the Nazis, Bosheviks, and the New Dealers - while to appearances on very different edges of the political spectrum - all represented centralized power from which big money could invest in protected cartel-like industries.

"Gentlemen Spy - The Life of Allan Dulles" was a wonderful read in understanding the Dulles brothers role as representatives of Wall Street interests in the 1930's, in part through the law firm Sullivan and Cromwell. I mean, you can certainly see the fascist (meaning an somewhat ruthless alliance between the state and big business) seeds being sown, and the political intent at its epicenter, which the Dulles brothers were later to bring to fruition when heading State and the CIA in the 1950's.

Anyway, still following the markets with great interest. We appear to be nearing a turning/breaking point I feel. Would you agree?

Hope all is well in your world.

Best regards,
Glenn