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

To: FreedomForAll who wrote (104493)	8/16/2009 11:55:55 PM
From: TobagoJack	Respond to of 110194

<<Was the great depression ended by destruction of an immense production capacity [i.e. europe and asia] and property [i.e. germany, japan, plus the known planet minus american continent and australia], requiring production begin again [i.e. firstly only in america] and raising the value of the property that remained [i.e. such as the us dollar, last money standing]?>> question on fact: was not fdr enthusiastic to engage with the war amongst fellow imperialists, or am i mistaken on history texts? bigger question: should we believe in coincidences? biggest question: how will the current episode go? to ponder: are we already in global economic war? is detroit the first casualty? will japan make it through? how big will the peace dividend be? who will the payee turn out to be?

To: FreedomForAll who wrote (104493)	8/17/2009 3:40:26 AM
From: Elroy Jetson	4 Recommendations Read Replies (1) \| Respond to of 110194

Could the global farm and manufacturing overcapacity created by WW-I have been cured without WW-II? Yes of course. In fact by WW-II the excess capacity no longer existed. The destruction of the industrial capacity around the world certainly created U.S. prosperity in the manufacturing sector until the late 1960s. In a real sense I think it also placed American manufacturers on the road to failure as many lost all sense of how to run a competitive business after a 20 year position verging on monopoly. Certainly in the 1800s and even prior to WW-II America was known as a country which did not respect international copyright or patents, much as China is correctly seen today. In many ways a nation of poorly educated farmers. After engagement in the two world wars the America written of by Alexis de Tocqueville existed only as echos of the past. The culture of America had been permanently changed. .