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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (13683)	2/21/2013 12:52:05 AM
From: Yorikke	7 Recommendations Read Replies (3) \| Respond to of 33421

Hi John, Interesting relic from the past, that old post. "The United States should now be prepared for one of the deepest and most intractable recessions of the post–World War II period, with no natural process of recovery in prospect unless a large and complex reorientation of policy occurs both here and in the rest of the world. " Wasn't that before the 'Who could have known!' phenomena? It is amazing how so much of what we discussed in the years past has come to pass or continues to be denied as the case may be. And yet, for all our pitiful insight we knew more than the same clowns who continue to pontificate and mutter mocking dismissals of words of warning. Bill Fleckenstein, who originated his business letter on SI back in the days, and is followed by many SI'ers still, calls Greenspan the most destructive criminal or our era, and nothing more than a 'scumbag'. If one goes back and reads Greenspan's comments it is just obvious that the Emperor had no clothes...yet once again the media and the leaders of our nation chose to ignore it for fear of looking stupid by asking for explanations or voicing doubts over his meaningless meanderings. Listening to the Bernack brings bile to my throat, for here is an intelligent man who has committed the academic sin or trying to prove his Doctoral Dissertation's conclusions at the cost of pauperizing all our lives. Yet he is cheered on as another great Economic thinker, rather than recognized as a desperate loser who was too lazy to gather sufficient data to make his dissertation meaningful, or mature enough to admit his subtle scam and walk away from it like a gentleman. Sneering at sound business policies, and people who act responsibility, in favor of fascist government-business collusion and cronyism has become our norm, our expected state or being. Instead of throwing the crooks in jail, we lament their stumblings and crude thievery, and call them dedicated public servants none-the-less, and send them off to a quiet retirement or worse, promote them so that they can enlarge the scam, insisting nothing really was wrong in the first place. It isn't just Gordon Gecko and Willie Stark; today, it's all of us. We all know that 'Only geeks and losers save money, as the fools should know its going to be stolen from them by their banks in the name of the national interest'. We have become cynical Miranda and the world we all seem to see is a world of sneaking cowards. But, now, we are all convinced we were endowed as Alpha talents with just rights to Gekko's philosophy of plunder, and when Armageddon arrives we will have heard the news on the sly and be all cash and metals days before the top out. (Say, how'd that work for you the last time?) Aloha, Winston Smith