2010-05-30 — financialarmageddon.com
"Many in the mainstream media keep referring to "recovery" as though it is an incontrovertible fact. But to me, the notion that the U.S. economy is on the mend is like a Hollywood set, comprised of realistic-looking facades that are, on closer inspection, empty shells."
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catherine at 01:51 2010-05-31 said:
my mother is a 30 year history teacher and she always impressed on me that humans really only see in their lifetimes what is real.....the date you start your history and are born are what you think is possible. that is why 3000 people killed at work was unthinkable to us, nothing prepared us in our history. history is repeating itself almost perfectly and it amazes me the people that assume like this article that we are in recovery or are heading to recovery just can't imagine what the facts show to be in their faces. i remember in 07 when everything was unraveling a few (no namesmmt) could only compare it to the savings and loan crisis, it is all they knew similar in their lifetimes. i said then this would cost us at least 100 trillion dollars and the word 'trillion' wasn't even in our faces!!! please read up on the first months of the depression...........we are so repeating it...............they had those huge huge swings in the market in the beginning and the professionals were all saying things are fine, we are in recovery......blah blah blah...... it is simple, the first Depression was caused by people buying stocks on margin this one is caused by people bying houses on margin............. and how utterly stupid it is and a huge waste of trillions of dollars to assume you can keep people in houses they can't afford..........would we have tried to pay all those stockowners back in the 30's.....................no way Permalinkadd a comment | go to forum thread
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