by Buggy » Thu 27 Jan 2011, 02:00:39
Good one OF. Glad to see your sense of humor is firmly intact. This quote is great!
$this->bbcode_second_pass_quote('', 'T')he world has been through this before: once from 1870 until 1913, and again from the end of World War II until 1973.
I love it. The world has been through "this" before couldn't be more accurate. The 1870's suffered a greater depression than the, well, Great Depression. That "boom" ended with The War To End All Wars. Had us a little bouncing baby Fed induced mini-boom in the 20's, then the stock market crash, and it took another global war to get us out of that. And how many recessions did we squeeze into the 1946-1973 time frame? That's ok, the Fed always came to the rescue with the printing press and inflation. Well, that is until we invented stagflation after the Arabs decided to point out that Dr. M. King Hubbert was quite accurate as to when the USA's oil supply was going to peak. And that they say, is that. We now sit as the greatest debtor nation in the history of the world. Ben, could you spare me a dime?