Friday, February 19, 2016

A BLAST FROM A VERY TROUBLED PAST........

HISTORY RHYMES

The 2008 analog lines the current trajectory up with August 2008 right after Treasury Secretary Paulson told the world reassuringly that:

"Our economy has got very strong long-term fundamentals. And you know, your policy-makers and regulators here - we're very vigilant." FOOL ME ONCE.....YOU KNOW THE REST. 

All of the problems we're facing with debt and our economy are man made problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality.

And we all know what happened next...



And of course it could never happen again.........

Yeah you're probably right, except it is happening again.


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