[2ndDivisionVet]

Good, as far as it goes.

[MES401067]

And whats sad is the good times haven’t produced any lately either.

[rellimpank]

—bflr-

[stevem]

Who owns the Wall Street Journal these days?

Obviously, the Great Depression ended the day Hirohito and Togo created a DESPERATE need for 15,000,000 low paid workers. I don't think we can caount on that again. The next time such a need is created it will be due to the elimination of many of these workers in a vaporization.

I believe most of the bazillions of dollars wiped out in the last coupld of months had little to do with real wealth. I believe it was the bursting of an artificial bubble. Since it was artificial, the bursting was inevitable. The question was: when?

I believe recreating this artificial wealth, or any part of it using some "float" mechanism is insane. We have to ask if our ponzi scheme leaders are any different than one Mr. Madoff?

[freekitty]

As then as now; we have a lot of crooks.

[alloysteel]

And why wouldn’t we repeat the same mistakes that led up to the Great Depression?

We are poised to descend into Great Depression II, which will make the original look like a rainy Sunday afternoon at the park. We are ENTERING this one with our military forces already engaged, with a much more extended credit obligation and future unfunded commitments to be filled, and artificially handicapping ourselves through limits on where and how much energy may be extracted and used in this country. Add to that a widespread belief that everything is “Bush’s fault”, and there is a built-in scapegoat that finally gets history off Herbert Hoover’s back.

America is SO screwed.

[Libloather]

...there was only one Great Depression...

"I don't know what was so great about the Depression, but that's the name they give it." Nancy Pelosi, September 29, 2008.

[TonyStark]

Like the politicians who are in the process of reducing our gross national product to ZERO, this article has nothing of value to offer.

Here's the lesson of Depression I - We should have stuck to the Constitution's admonition about Congress having the power to coin money, and should have never allowed the creation of the "Federal Reserve". Oh, and someone should have executed FDR for high crimes against the Constitution.

Here's the first lesson of Depression II - Term limits are not optional, lawyers must be prevented from ever holding office for any term, and the Democrat party needs to be treated like the Nazis were during mop up operations after Berlin fell.

The unfortunate thing is that with the incoming coup, in 4 years there isn't going to be any country to instruct with these lessons.

[dennisw]

Good one

[sickoflibs]

save for later

[CholeraJoe]

The world's going to be destroyed in 2012 anyway. Why worry?

Apocalypse 2012