tag:blogger.com,1999:blog-30490250.post3147584239169176840..comments2023-09-29T08:18:09.058-05:00Comments on Dazed and Confuzed From Here: Bailout...Agree or Disagree?Dazdhttp://www.blogger.com/profile/04902210717318633543noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-30490250.post-2209241413865338212008-09-23T16:39:00.000-05:002008-09-23T16:39:00.000-05:00Doooooood. You chose some of my favoritest subjec...Doooooood. You chose some of my favoritest subjects today: The economy and the Depression.<BR/><BR/>Since I feel the Federal Reserve Act was a crime perpetrated against the American people, I cannot help but feel this "bailout" is little more than saying the first crime was no big deal and allowing a second to justify the first. Like we decided it was okay to knock an old lady down to steal her purse then letting the thief came back to kick her and rob her again because he forgot her wedding band. And laughing about it.<BR/><BR/>The central bank creates an environment leading us where we seem all too willing to follow - false manipulation of the markets to tweak a penny until it screams for the benefit of the banking elite followed by, unfortunately, the inevitable fast and hard blow in the form of recession that (of course) strikes the little guy below the belt just because he bought food and shelter instead of a nut cup.<BR/><BR/>The more manipulation, the harder the retaliation by the economy; much like in physics, there is an equal and opposite reaction. Factor in the natural ebb and flow of the economy and you've got a disaster waiting to happen. LIKE THE ENVIRONMENT, the economy has mechanisms of self-correction. We don't like how those make us feel, though; they don't leave us feeling all warm and gooey inside, so we try to avoid them by manipulating the system. But like water behind a dam, stuffing bubble gum in one hole doesn't keep the water from flowing, it only forces the water to find another outlet. Eventually, (and I love this analogy, so I use and over-abuse it) we experience the financial equivalent of Teton... The Great Depression.<BR/><BR/>Unfortunately, we didn't learn the lessons taught to us by history, so we are doomed to repeat it. We've allowed much more sophisticated manipulation and on much grander scale since the time of the Great Depression. Those self-corrections will be much harsher than those of the past andm in turn, the results far worse. I know I've ranted my doom and gloom before, last time you dangled this subject in front of me, but I say it again. The next Depression will be far more devastating than the last - economically and socially.<BR/><BR/>This is interesting reading, if you're interested:<BR/><BR/>http://www.kwaves.com/kond_overview.htmAngie Leehttps://www.blogger.com/profile/02342713829455027103noreply@blogger.com