- Governments around the world try to again produce prosperity with the printing press. I dare say it's never worked in history and it's not going to work this time either. I'm just baffled by the fact that supposedly intelligent people in governments around the world can't take the time to pick up and read a history book.
- I'm absolutely dumbfounded that policy makers can't comprehend the fact that the exact same policies they are pursuing now are the ones that caused the implosion of the global financial system just a little over one year ago and put us into the worst recession since the 1930's.
- If too much spending and too much debt are what got us into this how can any sane grown up think that more spending and more debt are going to get us out? Albert Einstein said the definition of insanity is doing the same thing over and over expecting to get a different result. I guess by that definition the Fed must be insane.
- Yet, we are pursuing the same policies that Roosevelt followed in the 30's that turned what should have been just a nasty 2-3 year recession into the Great Depression. If we don't stop and change course quickly we are going to get the same result he did and the same result Japan did when they went down this path.
- We've already lost one decade in the stock market do we really want to lose another or two or three (like Japan)? Don't think it possible...check your history of Japanese financial markets...it's sobering!
Thank God that there are other distractions to think about other than the reality that looms large, my opinion.
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