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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (79268)	5/21/2008 9:28:24 PM
From: koan	Respond to of 116555

Hi John. This is how I remember the list below and I could be wrong about any of it-lol: John) If I recall - J)(a) Ken_edy + Johnson = rampant inflation. Koan) I think just Jonson's decision on the war and his guns and butter policies. I think Kennedy was about to pull out of viet Nam. A great great book on that era was written by David Halberstam "The Best and The Brightest. Reads real fast. K) The viet Nam war caused stagflation. (b) Nixon drops gold standard K) Nixon dropped the gold standard because countries around the world were taking all of our gold. We used to settle foreign debt with gold. We lost about 1/2 our gold before Nixon stepped in. He had to. John) (c) Carter - country in the shitter - no gas - Off the scale inflation .... Koan: Carter inherited Johnsons problems e.g. inflation. And only 50 billion deficits under Carter. $250 billion under Reagan. Every year. (d) Regan - killed the commies but @ deficits don't matter K) commies were going to destruct regardless. They could not match our technology and wealth. The same reason the north beat the south in the civil war. Reagans role is a great myth and rationalization for his giving his rich corporate buddies trillions under the gueise of patrioism. john; (e) Bush1 - NumNuts attacked Kuwait - good move Koan) yes, we had to free Kuwait! 2,000 Clinton - March 2000 - shit hit the fan koan) clintons impeachment was the epitome of what Lewis Carrol was speaking of in alice In wonderland. Pure, mindless, venel nuts. (f) Bush2 - Era of Greenspan - money is free koan) greenspan is a milton friedman ayn rand dude i.e they have aphilosophy that greed is good. That is nuts too. Generosity and good is good-lol. (g) Bush2 - Cheney - deficits don't matter koan-yes they do not care a wit what they lay on our children and grand children. Their job is get as much money to their buddies as they can. Cheney got 30 million severence pay when he left Haliburton. What do you think that 30 million was for? We had to go into Afghanistan as well I think, but Iraq was nuts.