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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (776008)	3/23/2014 2:04:25 AM
From: Bilow	1 Recommendation Recommended By Elsewhere Read Replies (1) \| Respond to of 1574491

Hi mindmeld; Re: "As you know, during the 100 years of the Fed, they have failed miserably at smoothing out the business cycle."; Eliminating the business cycle is impossible. And it's because of the madness of crowds, not the "predictive abilities" of crowds that the business cycle exists and long predates the Federal Reserve. Nor have you provided any evidence that the business cycle has gotten worse since 1913. None at all. Look at the present situation. This is a serious world-wide depression and despite the Federal Reserve, it's quite mild in the US. There are no riots in the streets. The two political parties are operating without any change in their usual conditions. No one is starving. There's less discontent in the streets than we had in the 1960s. Compare this to the depression of 1933, when the Federal Reserve was only 20 years old and didn't have the experience it has now. Americans beat policemen to death in food riots. Here, watch Americans being gunned down by the Government you fool: youtube.com Our political situation saw huge votes for Socialists and Communists. The situation was not that far from the situation in Germany that saw Hitler elected. Times were so bad that thousands of Americans left the United States and emigrated to the Soviet Union. Most of them were killed in Stalin's Gulag. These are things you weren't told about in your history courses but there's a fascinating book on the subject: The Forsaken: The American Emigration to Soviet Russia. barnesandnoble.com You know that "tractor factory" in Stalingrad that was the scene of so much fighting? It was designed and built by Ford and partly staffed with Americans who had emigrated to the Soviet Union. Read the memoirs of one of the US engineers who worked in Russia during the Great Depression: publishing.cdlib.org And the business cycles before the Great Depression were roughly equivalent to the Great Depression in terms of their magnitude. We remember the Great Depression as "great" simply because it was the last. Since then, yes, the business cycle has indubitably smoothed out. Your accusation that is not is due to your lack of knowledge of history. Things seem peaceful way back then because we, as a people, don't like to remember our excesses. -- Carl